HBK Investments L P
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), HBK Investments L P reported 61 stock positions worth $3.5 billion. Its top holding was Pioneer Natural Resources (PXD) at 39.2% of the portfolio, followed by Hess (HES, 36.2%) and Westrock (WRK, 5.9%). Compared with Q4 2023, it opened 39 new positions, sold out of 31, added to 11 and reduced 7. The biggest buy was Pioneer Natural Resources (PXD, shares +9%) and the biggest sale an exit from Splunk (SPLK).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001011443
- Portfolio Value
- $3.5B (Q1 2024)
- SEC Filing
- 0001011443-24-000012 ↗ filed May 15, 2024
Holdings Value
Holdings 61 stocks · $3.5B
| PXD Pioneer Natural Resources Co. | 39.20% | 5,240,100 | $1.4B | Add +9.1% |
| HES Hess Corp. | 36.18% | 8,318,100 | $1.3B | Reduce -1.1% |
| WRK Westrock Co. | 5.93% | 4,209,100 | $208.1M | Add +100.3% |
| FBTC Fidelity Wise Origin Bitcoin | 2.96% | 1,671,317 | $103.7M | New |
| AXONICS INC | 2.13% | 1,082,030 | $74.6M | New |
| X United States Steel Corp. | 1.73% | 1,490,256 | $60.8M | Add +244.0% |
| CTLT Catalent Inc. | 1.61% | 1,002,084 | $56.6M | New |
| BUD Anheuser-Busch Inbev-SPN ADR | 1.03% | 596,500 | $36.3M | Add +138.6% |
| JNPR Juniper Networks Inc. | 0.92% | 873,611 | $32.4M | New |
| BITB Bitwise Bitcoin ETF | 0.72% | 656,903 | $25.4M | New |
| CPRI Capri Holdings Ltd. | 0.66% | 513,989 | $23.3M | Add +45.1% |
| ARKB ARK 21SHARES Bitcoin ETF | 0.57% | 280,898 | $19.9M | New |
| WELL Welltower Inc. | 0.51% | 190,832 | $17.8M | Add +11.3% |
| CERE Cerevel Therapeutics Holding | 0.43% | 359,718 | $15.2M | New |
| BROS Dutch Bros Inc. Class A | 0.42% | 450,000 | $14.8M | Add +650.0% |
| GBTC Grayscale Bitcoin Trust ETF | 0.42% | 233,187 | $14.7M | New |
| NWSA News Corp. Class A | 0.38% | 509,280 | $13.3M | Reduce -17.7% |
| PGRE Paramount Group Inc. | 0.34% | 2,517,954 | $11.8M | Add +40.7% |
| QDEL Quidelortho Corp. | 0.32% | 233,642 | $11.2M | New |
| GTES Gates Industrial Corp. UK Ltd. | 0.30% | 600,000 | $10.6M | Add +20.0% |
| LSXMK Liberty Media Corp.-Liber-New | 0.30% | 351,818 | $10.5M | Add +149.2% |
| BTSG Brightspring Health Services | 0.28% | 900,000 | $9.8M | New |
| LSXMA Liberty Media Corp. Class A New | 0.27% | 315,029 | $9.4M | Reduce -40.5% |
| ALIT Alight Inc. Class A | 0.22% | 800,000 | $7.9M | No change |
| TDS Telephone and Data Systems | 0.22% | 489,926 | $7.8M | Reduce -43.0% |
| ICHR Ichor Holdings Ltd. | 0.17% | 150,000 | $5.8M | New |
| MIDD Middleby Corp. | 0.15% | 33,148 | $5.3M | Reduce -44.5% |
| TKO Tko Group Holdings Inc. | 0.14% | 56,122 | $4.8M | Add +1662.6% |
| MAX Mediaalpha Inc. Class A | 0.13% | 221,124 | $4.5M | New |
| KLAC KLA Corp. | 0.12% | 5,927 | $4.1M | New |
| AS Amer Sports Inc. | 0.12% | 250,000 | $4.1M | New |
| NEE Nextera Energy Inc. | 0.10% | 56,100 | $3.6M | New |
| BASE Couchbase Inc. | 0.10% | 126,703 | $3.3M | New |
| KDP Keurig Dr Pepper Inc. | 0.09% | 100,000 | $3.1M | New |
| HLNE Hamilton Lane Inc. Class A | 0.08% | 25,000 | $2.8M | New |
| BATRK Atlanta Braves Holdings in-C | 0.08% | 70,977 | $2.8M | New |
| SNA Snap-on Inc. | 0.06% | 7,285 | $2.2M | Reduce -46.9% |
| ECAT BlackRock ESG Cap All TRM TR | 0.06% | 123,986 | $2.2M | No change |
| PTLO Portillo's Inc. Class A | 0.06% | 150,000 | $2.1M | New |
| CCC CCC Intelligent Solutions Ho | 0.06% | 175,000 | $2.1M | New |
| AUNA Auna SA Class A | 0.05% | 165,000 | $1.8M | New |
| ELV Elevance Health Inc. | 0.05% | 3,162 | $1.6M | New |
| BTX BlackRock Tech & Priv Eqty | 0.05% | 196,500 | $1.6M | No change |
| MTDR Matador Resources Co. | 0.04% | 20,000 | $1.3M | New |
| ESTC Elastic NV | 0.03% | 10,000 | $1.0M | New |
| GEHC GE Healthcare Technology | 0.03% | 10,000 | $909K | New |
| PARAA Paramount Global Class B | 0.03% | 75,650 | $890K | New |
| RIVN Rivian Automotive Inc. Class A | 0.02% | 73,604 | $806K | New |
| BOLD Boundless Bio Inc. | 0.02% | 51,500 | $734K | New |
| CRGY Crescent Energy Inc. Class A | 0.02% | 56,000 | $666K | New |
| REVG Rev Group Inc. | 0.02% | 30,000 | $663K | New |
| NDAQ Nasdaq Inc. | 0.02% | 10,000 | $631K | New |
| ITW Illinois Tool Works | 0.02% | 2,033 | $546K | New |
| CMG Chipotle Mexican Grill Inc. | 0.01% | 149 | $433K | New |
| ACHR Archer Aviation Inc. Class A | 0.01% | 75,000 | $347K | Reduce -62.5% |
| ADT Adt Inc. | 0.01% | 50,000 | $336K | New |
| ISRG Intuitive Surgical Inc. | 0.01% | 690 | $275K | New |
| XBFZX BlackRock Ca Muni Inc. TR | 0.01% | 20,700 | $245K | No change |
| KTOS Kratos Defense & Security | 0.01% | 12,500 | $230K | New |
| ODD Oddity Tech Ltd. Class A | 0.01% | 5,000 | $217K | New |
| SHC Sotera Health Co. | 0.00% | 12,500 | $150K | New |
Options reported separately and not counted above: SPY puts ($10.8B), SPY calls ($5.0B), IWM puts ($1.4B), IWM calls ($522.2M), XOM calls ($138.5M), UPS calls ($116.0M), DASH puts ($86.8M), UPS puts ($86.6M), CVX calls ($78.3M), JETS puts ($48.4M), TSM puts ($43.8M), CMG puts ($34.9M), and 69 more.
Other holdings (25): bonds, preferreds, convertibles and warrants · $480.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 70,505,000 | $77.4M | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 46,800,000 | $44.7M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 23,485,000 | $42.3M | New |
| NATERA INC (NTRA 2.25 05/01/27) | NOTE 2.250% 5/0 · principal | 16,000,000 | $39.1M | New |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 34,050,000 | $31.3M | Add +7.9% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 19,250,000 | $26.0M | Add +12.9% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 29,050,000 | $23.0M | Add +14.4% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 23,950,000 | $22.4M | Reduce -5.9% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 23,100,000 | $21.5M | Add +13.2% |
| GLAUKOS CORP (GKOS 2.75 06/15/27) | NOTE 2.750% 6/1 · principal | 10,500,000 | $18.8M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 18,500,000 | $17.4M | Reduce -21.3% |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | 14,550,000 | $14.0M | Add +65.3% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 14,196,000 | $12.9M | Add +54.4% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 13,900,000 | $12.9M | Reduce -32.5% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 12,200,000 | $11.7M | Add +121.8% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 10,725,000 | $10.5M | Reduce -18.1% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 10,000,000 | $10.4M | Reduce -69.7% |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 9,056,000 | $8.8M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 10,600,000 | $8.1M | Add +23.3% |
| JOYY INC (JOYY 1.375 06/15/26) | NOTE 1.375% 6/1 · principal | 7,825,000 | $7.7M | Add +13.4% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 11,500,000 | $6.5M | Reduce -64.1% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 6,000,000 | $5.6M | New |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 3,650,000 | $3.5M | No change |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 2,500,000 | $2.4M | No change |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | 3,150,000 | $1.5M | Reduce -43.2% |
Total filed on the 13F, all lines: $4.0B.
Portfolio Sells Q4 2023 → Q1 2024
| SPLK Splunk Inc. | Sold out | 0.00% | −18.99 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −5.43 |
| TXNM TXNM Energy Inc. | Sold out | 0.00% | −2.34 |
| SIMO Silicon Motion Technol-ADR | Sold out | 0.00% | −1.27 |
| RYZB Rayzebio Inc. | Sold out | 0.00% | −0.63 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.39 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.37 |
| AYX Alteryx Inc. Class A | Sold out | 0.00% | −0.28 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.22 |
| TDS Telephone and Data Systems | Reduce -43.0% | 0.22% | −0.20 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.18 |
| LSXMA Liberty Media Corp. Class A New | Reduce -40.5% | 0.27% | −0.14 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.14 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.13 |
| VIVID SEATS INC | Sold out | 0.00% | −0.12 |
| IAS Integral Ad Science Holding | Sold out | 0.00% | −0.12 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.12 |
| DISH Dish Network Corp. Class A | Sold out | 0.00% | −0.11 |
| OPRA Opera Ltd.-ADR | Sold out | 0.00% | −0.11 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.09 |
| MIDD Middleby Corp. | Reduce -44.5% | 0.15% | −0.09 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.08 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −0.07 |
| BLUEBIRD BIO INC | Sold out | 0.00% | −0.06 |
| CHIMERA INVT CORP | Sold out | 0.00% | −0.05 |
| SNA Snap-on Inc. | Reduce -46.9% | 0.06% | −0.05 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.03 |
| NWSA News Corp. Class A | Reduce -17.7% | 0.38% | −0.03 |
| SNCY Sun Country Airlines Holding | Sold out | 0.00% | −0.03 |
| ACHR Archer Aviation Inc. Class A | Reduce -62.5% | 0.01% | −0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.02 |
| PFS Provident Financial Services | Sold out | 0.00% | −0.02 |
| HG Hamilton Insurance Grou Class B | Sold out | 0.00% | −0.02 |
| SBOW Silverbow Resources Inc. | Sold out | 0.00% | −0.02 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.02 |
| LAB Standard Biotools Inc. | Sold out | 0.00% | −0.01 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.01 |
| HES Hess Corp. | Reduce -1.1% | 36.18% | +3.49 |
Portfolio Buys Q4 2023 → Q1 2024
| PXD Pioneer Natural Resources Co. | Add +9.1% | 39.20% | +10.07 |
| WRK Westrock Co. | Add +100.3% | 5.93% | +3.58 |
| FBTC Fidelity Wise Origin Bitcoin | New | 2.96% | +2.96 |
| AXONICS INC | New | 2.13% | +2.13 |
| CTLT Catalent Inc. | New | 1.61% | +1.61 |
| X United States Steel Corp. | Add +244.0% | 1.73% | +1.16 |
| JNPR Juniper Networks Inc. | New | 0.92% | +0.92 |
| BITB Bitwise Bitcoin ETF | New | 0.72% | +0.72 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +138.6% | 1.03% | +0.60 |
| ARKB ARK 21SHARES Bitcoin ETF | New | 0.57% | +0.57 |
| CERE Cerevel Therapeutics Holding | New | 0.43% | +0.43 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.42% | +0.42 |
| BROS Dutch Bros Inc. Class A | Add +650.0% | 0.42% | +0.37 |
| QDEL Quidelortho Corp. | New | 0.32% | +0.32 |
| BTSG Brightspring Health Services | New | 0.28% | +0.28 |
| LSXMK Liberty Media Corp.-Liber-New | Add +149.2% | 0.30% | +0.19 |
| CPRI Capri Holdings Ltd. | Add +45.1% | 0.66% | +0.18 |
| ICHR Ichor Holdings Ltd. | New | 0.17% | +0.17 |
| TKO Tko Group Holdings Inc. | Add +1662.6% | 0.14% | +0.13 |
| MAX Mediaalpha Inc. Class A | New | 0.13% | +0.13 |
| GTES Gates Industrial Corp. UK Ltd. | Add +20.0% | 0.30% | +0.12 |
| KLAC KLA Corp. | New | 0.12% | +0.12 |
| AS Amer Sports Inc. | New | 0.12% | +0.12 |
| NEE Nextera Energy Inc. | New | 0.10% | +0.10 |
| BASE Couchbase Inc. | New | 0.10% | +0.10 |
| WELL Welltower Inc. | Add +11.3% | 0.51% | +0.09 |
| KDP Keurig Dr Pepper Inc. | New | 0.09% | +0.09 |
| PGRE Paramount Group Inc. | Add +40.7% | 0.34% | +0.09 |
| HLNE Hamilton Lane Inc. Class A | New | 0.08% | +0.08 |
| BATRK Atlanta Braves Holdings in-C | New | 0.08% | +0.08 |
| PTLO Portillo's Inc. Class A | New | 0.06% | +0.06 |
| CCC CCC Intelligent Solutions Ho | New | 0.06% | +0.06 |
| AUNA Auna SA Class A | New | 0.05% | +0.05 |
| ELV Elevance Health Inc. | New | 0.05% | +0.05 |
| MTDR Matador Resources Co. | New | 0.04% | +0.04 |
| ESTC Elastic NV | New | 0.03% | +0.03 |
| GEHC GE Healthcare Technology | New | 0.03% | +0.03 |
| PARAA Paramount Global Class B | New | 0.03% | +0.03 |
| RIVN Rivian Automotive Inc. Class A | New | 0.02% | +0.02 |
| BOLD Boundless Bio Inc. | New | 0.02% | +0.02 |
| CRGY Crescent Energy Inc. Class A | New | 0.02% | +0.02 |
| REVG Rev Group Inc. | New | 0.02% | +0.02 |
| NDAQ Nasdaq Inc. | New | 0.02% | +0.02 |
| ITW Illinois Tool Works | New | 0.02% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | New | 0.01% | +0.01 |
| ADT Adt Inc. | New | 0.01% | +0.01 |
| ISRG Intuitive Surgical Inc. | New | 0.01% | +0.01 |
| KTOS Kratos Defense & Security | New | 0.01% | +0.01 |
| ODD Oddity Tech Ltd. Class A | New | 0.01% | +0.01 |
| SHC Sotera Health Co. | New | 0.00% | +0.00 |
Options Activity Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -4.2% | 20,565,800 | $10.8B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -16.4% | 9,588,400 | $5.0B |
| IWM iShares Russell 2000 ETF | put | Add +304.3% | 6,626,500 | $1.4B |
| IWM iShares Russell 2000 ETF | call | New | 2,483,000 | $522.2M |
| XOM Exxon Mobil Corp. | call | Add +30.9% | 1,191,500 | $138.5M |
| UPS United Parcel Service Class B | call | Reduce -22.1% | 780,700 | $116.0M |
| DASH DoorDash Inc. Class A | put | Add +76.8% | 630,300 | $86.8M |
| UPS United Parcel Service Class B | put | Reduce -10.6% | 582,700 | $86.6M |
| MPWR Monolithic Power Systems Inc. | call | Sold out | 135,300 | $85.3Mbefore exit |
| CVX Chevron Corp. | call | Add +43.3% | 496,500 | $78.3M |
| MPWR Monolithic Power Systems Inc. | put | Sold out | 103,200 | $65.1Mbefore exit |
| MSCI MSCI Inc. | call | Sold out | 82,900 | $46.9Mbefore exit |
| MSCI MSCI Inc. | put | Sold out | 81,900 | $46.3Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | put | New | 322,000 | $43.8M |
| CMG Chipotle Mexican Grill Inc. | put | Add +20.0% | 12,000 | $34.9M |
| SNPS Synopsys Inc. | put | Add +79.4% | 61,000 | $34.9M |
| X United States Steel Corp. | put | Add +99.8% | 813,800 | $33.2M |
| ELV Elevance Health Inc. | put | Add +1115.4% | 63,200 | $32.8M |
| SNPS Synopsys Inc. | call | Add +67.7% | 57,000 | $32.6M |
| ELV Elevance Health Inc. | call | Add +1057.7% | 60,200 | $31.2M |
| KLAC KLA Corp. | put | Add +25.7% | 44,000 | $30.7M |
| BKNG Booking Holdings Inc. | put | Sold out | 7,200 | $25.5Mbefore exit |
| MASI Masimo Corp. | call | Sold out | 200,000 | $23.4Mbefore exit |
| KLAC KLA Corp. | call | Reduce -4.3% | 33,500 | $23.4M |
| TKO Tko Group Holdings Inc. | put | Add +3.2% | 268,400 | $23.2M |
| CNK Cinemark Holdings Inc. | call | Reduce -0.7% | 1,264,100 | $22.7M |
| TSLA Tesla Inc. | put | Sold out | 90,000 | $22.4Mbefore exit |
| TKO Tko Group Holdings Inc. | call | Reduce -3.9% | 250,000 | $21.6M |
| BATRK Atlanta Braves Holdings in-C | call | Sold out | 520,000 | $20.6Mbefore exit |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | put | Add +254.3% | 224,300 | $20.0M |
| TRIP Tripadvisor Inc. | put | Reduce -60.5% | 700,200 | $19.5M |
| PFSI Pennymac Financial Services | put | New | 200,000 | $18.2M |
| AMZN Amazon.com Inc. | call | Sold out | 107,400 | $16.3Mbefore exit |
| XOM Exxon Mobil Corp. | put | Reduce -67.0% | 127,500 | $14.8M |
| FDS Factset Research Systems Inc. | call | Sold out | 28,000 | $13.4Mbefore exit |
| FDS Factset Research Systems Inc. | put | Sold out | 28,000 | $13.4Mbefore exit |
| AMD Advanced Micro Devices | call | Sold out | 89,900 | $13.3Mbefore exit |
| STWD Starwood Property Trust Inc. | call | Sold out | 629,200 | $13.2Mbefore exit |
| SNA Snap-on Inc. | put | Reduce -46.5% | 44,600 | $13.2M |
| SNA Snap-on Inc. | call | Reduce -33.5% | 44,600 | $13.2M |
| GD General Dynamics Corp. | put | Sold out | 49,900 | $13.0Mbefore exit |
| QCOM Qualcomm Inc. | call | Sold out | 88,300 | $12.8Mbefore exit |
| RITM Rithm Capital Corp. | put | Reduce -58.4% | 1,124,200 | $12.5M |
| F Ford Motor Co. | put | Sold out | 1,026,300 | $12.5Mbefore exit |
| CHRW C.H. Robinson Worldwide Inc. | put | Sold out | 143,100 | $12.4Mbefore exit |
| W Wayfair Inc. Class A | put | Reduce -63.0% | 164,600 | $11.2M |
| NOG Northern Oil and Gas Inc. | put | Sold out | 273,400 | $10.1Mbefore exit |
| BYD Boyd Gaming Corp. | put | Add +47.1% | 150,000 | $10.1M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 22,700 | $10.1M |
| SIRI Sirius XM Holdings Inc. | put | Add +197.0% | 2,227,800 | $8.6M |
Showing the first 50 of 128.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| SPLUNK INC (SPLK 1.125 09/15/25) | NOTE 1.125% 9/1 · principal | Sold out | 71,128,000 | $78.5Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 70,505,000 | $77.4M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | New | 23,485,000 | $42.3M |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | Sold out | 20,600,000 | $40.8Mbefore exit |
| NATERA INC (NTRA 2.25 05/01/27) | NOTE 2.250% 5/0 · principal | New | 16,000,000 | $39.1M |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | Add +7.9% | 34,050,000 | $31.3M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Add +12.9% | 19,250,000 | $26.0M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +14.4% | 29,050,000 | $23.0M |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | Reduce -5.9% | 23,950,000 | $22.4M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +13.2% | 23,100,000 | $21.5M |
| GLAUKOS CORP (GKOS 2.75 06/15/27) | NOTE 2.750% 6/1 · principal | New | 10,500,000 | $18.8M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Reduce -21.3% | 18,500,000 | $17.4M |
| ALTERYX INC (AYX 0.5 08/01/24) | NOTE 0.500% 8/0 · principal | Sold out | 17,533,000 | $17.1Mbefore exit |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 13,700,000 | $16.2Mbefore exit |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | Add +65.3% | 14,550,000 | $14.0M |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Add +54.4% | 14,196,000 | $12.9M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Reduce -32.5% | 13,900,000 | $12.9M |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | Sold out | 14,100,000 | $11.7Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Add +121.8% | 12,200,000 | $11.7M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -18.1% | 10,725,000 | $10.5M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -69.7% | 10,000,000 | $10.4M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +23.3% | 10,600,000 | $8.1M |
| JOYY INC (JOYY 1.375 06/15/26) | NOTE 1.375% 6/1 · principal | Add +13.4% | 7,825,000 | $7.7M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -64.1% | 11,500,000 | $6.5M |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | New | 6,000,000 | $5.6M |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | Reduce -43.2% | 3,150,000 | $1.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 128 | $7.8B | BLD, EA, PEN, NSC, KVUE |
| Q1 2026 | 160 | $7.3B | HOLX, EA, PEN, NSC, MASI |
| Q4 2025 | 112 | $8.5B | CYBR, EXAS, HOLX, NSC, DAY |
| Q3 2025Amended | 105 | $6.0B | CYBR, VRNA, GTLS, NSC, LBRDK |
| Q2 2025Amended | 91 | $5.0B | HES, K, BPMC, AZEK, ESGR |
| Q1 2025Amended | 74 | $5.0B | HES, K, ITCI, BERY, BECN |
| Q4 2024Amended | 74 | $4.3B | HES, K, SMAR, ALTR, EDR |
| Q3 2024Amended | 69 | $4.6B | HES, MRO, K, SWN, SRCL |
| Q2 2024Amended | 70 | $3.6B | HES, WRK, EDR, MRO, ETRN |
| Q1 2024Amended | 61 | $3.5B | PXD, HES, WRK, FBTC, AXONICS INC |