In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), DLD Asset Management, LP reported 15 stock positions worth $39.1 million . Its top holding was Middleby (MIDD) at 16.9% of the portfolio, followed by Irhythm (IRTC, 11.0% ) and Kellanova (K, 10.9% ). Compared with Q2 2024, it opened 7 new positions, sold out of 26, added to 5 and reduced 3. The biggest buy was Kellanova (K, shares +654% ) and the biggest sale an exit from Zscaler (ZS).
Location NEW YORK, NY
CIK 0001578299
Portfolio Value $39.1M (Q3 2024) Holdings 15 stocks · $39.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 MIDD Middleby Corp. 47,460 $6.6M Reduce -56.2% IRTC Irhythm Holdings Inc. 57,750 $4.3M Add +30.8% K Kellanova 52,750 $4.3M Add +653.6% ALE Allete Inc. 61,148 $3.9M Add +572.0% HES Hess Corp. 26,842 $3.6M Add +436.8% DFS Discover Financial Services 25,400 $3.6M New ANSS Ansys Inc. 7,290 $2.3M New SMAR Smartsheet Inc. Class A 39,100 $2.2M New PPTA Perpetua Resources Corp. 225,248 $2.1M New FYBR Frontier Communications Pare 42,410 $1.5M New PR Permian Resources Corp. Class A 100,000 $1.4M New ASPN Aspen Aerogels Inc. 660,310 $1.3M New ACI Albertsons Cos Inc. Class A 60,190 $1.1M Add +256.5% SHCR Sharecare Inc. 630,800 $896K Reduce -0.2% MRT Marti Technologies Inc. 60,000 $119K Reduce -76.4%
Options reported separately and not counted above: ZD puts ($17.1M), LUV puts ($14.0M), ASPN calls ($12.8M), MIDD puts ($9.2M), RIVN puts ($8.4M), SPHR puts ($5.7M), MCHP puts ($4.5M), INFN puts ($4.1M), NCLH puts ($4.1M), PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) puts ($4.1M), SPY puts ($3.7M), MIDD calls ($3.5M), and 7 more.
Other holdings (21): bonds, preferreds, convertibles and warrants · $580.8M (not counted above) Security Class Shares / Principal Value Change CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) NOTE 4.500% 8/1 · principal 40,000,000 $79.5M Add +14.3% VARONIS SYSTEM INC (VRNS 1.25 08/15/25) NOTE 1.250% 8/1 · principal 39,500,000 $73.3M New STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 40,000,000 $43.4M Add +50.9% DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 40,000,000 $38.8M New NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal 39,000,000 $37.5M New LIVENT CORP (LTHM 4.125 07/15/25) NOTE 4.125% 7/1 · principal 35,000,000 $37.3M Add +75.0% SAREPTA THERAPEUTICS INC (SRPT 1.5 11/15/24) DBCV 1.500%11/1 · principal 21,000,000 $35.9M No change PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 23,000,000 $35.0M Add +12.5% INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 20,000,000 $31.6M Add +60.0% VAREX IMAGING CORPORATIO (VREX 4 06/01/25) NOTE 4.000% 6/0 · principal 30,750,000 $30.6M Add +19.4% EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 27,500,000 $26.4M New TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal 15,000,000 $22.4M Add +20.0% NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 17,500,000 $17.0M Add +16.7% ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 17,500,000 $16.8M New TANDEM DIABETES CARE INC (TNDM 1.5 05/01/25) NOTE 1.500% 5/0 · principal 14,700,000 $14.5M No change PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal 4,000,000 $13.7M No change COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 7,500,000 $9.5M New ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) NOTE 4.000% 3/1 · principal 8,500,000 $8.6M Reduce -37.0% INFINERA CORP (INFN 2.5 03/01/27) NOTE 2.500% 3/0 · principal 7,500,000 $8.0M New RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal 1,000,000 $944K New PPTA Perpetua Resources Corp. COM · principal 100,000 $4K New
Total filed on the 13F, all lines: $619.9M.
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ ZS Zscaler Inc. Sold out 0.00% −19.94 MIDD Middleby Corp. Reduce -56.2% 16.87% −9.93 ALNY Alnylam Pharmaceuticals Inc. Sold out 0.00% −7.95 MRO Marathon Oil Corp. Sold out 0.00% −3.89 LSXMA Liberty Media Corp. Class A New Sold out 0.00% −2.40 LBRDK Liberty Broadband-C Sold out 0.00% −2.29 PPLI People Inc. Sold out 0.00% −2.27 GM General Motors Co. Sold out 0.00% −1.49 WDC Western Digital Corp. Sold out 0.00% −1.46 RCM R1 RCM Inc. Sold out 0.00% −1.43 ATMU Atmus Filtration Technologie Sold out 0.00% −1.15 VSTO Vista Outdoor Inc. Sold out 0.00% −1.15 TECK Teck Resources Ltd.-CLS B Sold out 0.00% −1.15 ILMN Illumina Inc. Sold out 0.00% −1.14 PENN Penn Entertainment Inc. Sold out 0.00% −1.09 GFL GFL Environmental Inc.-Sub VT Sold out 0.00% −0.98 KVUE Kenvue Inc. Sold out 0.00% −0.86 VSTS Vestis Corp. Sold out 0.00% −0.80 BERY Berry Global Group Inc. Sold out 0.00% −0.78 PD Pagerduty Inc. Sold out 0.00% −0.78 MGRC McGrath Rentcorp Sold out 0.00% −0.73 LUV Southwest Airlines Co. Sold out 0.00% −0.65 SOLV Solventum Corp. Sold out 0.00% −0.65 IP International Paper Co. Sold out 0.00% −0.64 MRT Marti Technologies Inc. Reduce -76.4% 0.30% −0.56 SIX Six Flags Entertainment Corp. Sold out 0.00% −0.54 NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −0.47 CTV Innovid Corp. Sold out 0.00% −0.19 SHCR Sharecare Inc. Reduce -0.2% 2.29% +0.57
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ K Kellanova Add +653.6% 10.88% +10.06 DFS Discover Financial Services New 9.11% +9.11 ALE Allete Inc. Add +572.0% 10.03% +8.89 HES Hess Corp. Add +436.8% 9.32% +7.83 ANSS Ansys Inc. New 5.94% +5.94 SMAR Smartsheet Inc. Class A New 5.53% +5.53 PPTA Perpetua Resources Corp. New 5.38% +5.38 FYBR Frontier Communications Pare New 3.85% +3.85 PR Permian Resources Corp. Class A New 3.48% +3.48 ASPN Aspen Aerogels Inc. New 3.22% +3.22 ACI Albertsons Cos Inc. Class A Add +256.5% 2.84% +2.17 IRTC Irhythm Holdings Inc. Add +30.8% 10.96% +1.36
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ ZD Ziff Davis Inc. put Add +37.3% 154,500 $17.1M ZS Zscaler Inc. call Sold out 85,000 $16.3Mbefore exit ZS Zscaler Inc. put Sold out 75,000 $14.4Mbefore exit LUV Southwest Airlines Co. put Add +6.0% 432,000 $14.0M ASPN Aspen Aerogels Inc. call New 461,100 $12.8M MIDD Middleby Corp. put Add +32.0% 66,000 $9.2M RIVN Rivian Automotive Inc. Class A put Add +270.4% 750,000 $8.4M SPHR Sphere Entertainment Co. put Add +30.0% 130,000 $5.7M MCHP Microchip Technology Inc. put Add +182.9% 850,100 $4.5M MSTR Strategy Inc. put Sold out 30,000 $4.1Mbefore exit INFN Infinera Corp. put New 611,800 $4.1M NCLH Norwegian Cruise Line Holdin put New 200,000 $4.1M PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) put Add +4.3% 194,000 $4.1M SPY SS SPDR S&P 500 ETF Trust-US put New 6,500 $3.7M MIDD Middleby Corp. call New 25,000 $3.5M PGY Pagaya Technologies Ltd. Class A put New 325,000 $3.4M ENOV Enovis Corp. put New 50,000 $2.2M MCHP Microchip Technology Inc. call Sold out 161,500 $2.1Mbefore exit RIG Transocean Ltd. put Add +13.3% 425,200 $1.8M PPTA Perpetua Resources Corp. put Sold out 311,600 $1.6Mbefore exit PTON Peloton Interactive Inc. Class A put New 300,000 $1.4M ACI Albertsons Cos Inc. Class A call New 60,000 $1.1M WHR Whirlpool Corp. put Sold out 10,000 $1.0Mbefore exit PPTA Perpetua Resources Corp. call Reduce -87.0% 60,000 $561K LVWR.WS Livewire Group Inc.-27 call Sold out 204,000 $39Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) NOTE 4.500% 8/1 · principal Add +14.3% 40,000,000 $79.5M VARONIS SYSTEM INC (VRNS 1.25 08/15/25) NOTE 1.250% 8/1 · principal New 39,500,000 $73.3M STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal Add +50.9% 40,000,000 $43.4M DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal New 40,000,000 $38.8M NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal New 39,000,000 $37.5M LIVENT CORP (LTHM 4.125 07/15/25) NOTE 4.125% 7/1 · principal Add +75.0% 35,000,000 $37.3M ZIFF DAVIS INC (ZD 1.75 11/01/26) NOTE 1.750%11/0 · principal Sold out 38,000,000 $35.6Mbefore exit PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal Add +12.5% 23,000,000 $35.0M INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal Add +60.0% 20,000,000 $31.6M VAREX IMAGING CORPORATIO (VREX 4 06/01/25) NOTE 4.000% 6/0 · principal Add +19.4% 30,750,000 $30.6M EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal New 27,500,000 $26.4M TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal Add +20.0% 15,000,000 $22.4M NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal Add +16.7% 17,500,000 $17.0M ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal New 17,500,000 $16.8M STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal Sold out 10,000,000 $14.4Mbefore exit INFINERA CORP (INFN 3.75 08/01/28) NOTE 3.750% 8/0 · principal Sold out 12,500,000 $13.7Mbefore exit COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal New 7,500,000 $9.5M ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) NOTE 4.000% 3/1 · principal Reduce -37.0% 8,500,000 $8.6M INFINERA CORP (INFN 2.5 03/01/27) NOTE 2.500% 3/0 · principal New 7,500,000 $8.0M ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal Sold out 2,250,000 $7.3Mbefore exit BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28) NOTE 4.250% 6/1 · principal Sold out 5,000,000 $6.7Mbefore exit DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal Sold out 2,500,000 $1.6Mbefore exit RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal New 1,000,000 $944K PPTA Perpetua Resources Corp. COM · principal New 100,000 $4K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 222 $366.9M AMKR, AUR, MRT, NSC, DYNC Q1 2026 197 $331.3M MRT, MDLN, SARO, DBCA, CEPT Q4 2025 173 $289.4M MRT, WELL, ELME, MTSI, ASTS Q3 2025 Amended 136 $238.3M MRT, WELL, ITRI, ELME, NETD Q2 2025 Amended 102 $206.7M WELL, MRT, SPOTIFY USA INC (SPOT 0 03/15/26), NETD, GWRE Q1 2025 Amended 58 $115.9M MRT, ARES ACQUISITION CORP II, OACC, FTW, RAC.U Q4 2024 31 $76.8M MRT, KDP, MIDD, FYBR, ALE Q3 2024 15 $39.1M MIDD, IRTC, K, ALE, HES Q2 2024 34 $49.5M MIDD, ZS, IRTC, ALNY, MRO Q1 2024 25 $39.6M BUD, MCHP, Z, HES, TYL