III Capital Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), III Capital Management reported 41 stock positions worth $246.4 million. Its top holding was Invesco Senior Loan ETF (BKLN) at 34.6% of the portfolio, followed by iShares 7-10 Year Treasury B (IEF, 25.7%) and Nextera Energy (NEE, 8.5%). Compared with Q4 2023, it opened 18 new positions, sold out of 8, added to 13 and reduced 7. The biggest buy was a new position in iShares 7-10 Year Treasury B (IEF) and the biggest sale Rivian Automotive Class A (RIVN, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- BOCA RATON, FL
- CIK
- 0001783139
- Portfolio Value
- $246.4M (Q1 2024)
- SEC Filing
- 0001172661-24-002502 ↗ filed May 15, 2024
Holdings Value
Holdings 41 stocks · $246.4M
| BKLN Invesco Senior Loan ETF | 34.58% | 4,029,000 | $85.2M | Add +141.7% |
| IEF iShares 7-10 Year Treasury B | 25.67% | 668,200 | $63.3M | New |
| NEE Nextera Energy Inc. | 8.47% | 326,700 | $20.9M | Add +98.0% |
| WDC Western Digital Corp. | 6.41% | 231,596 | $15.8M | Add +0.2% |
| ECHO Echostar Corp. Class A | 1.77% | 305,218 | $4.3M | Add +47.7% |
| CRH CRH PLC | 1.35% | 38,498 | $3.3M | Add +20.3% |
| T AT&T Inc. | 1.34% | 187,132 | $3.3M | New |
| ASO Academy Sports & Outdoors Inc. | 1.33% | 48,598 | $3.3M | Add +76.5% |
| OUT Outfront Media Inc. | 1.28% | 188,047 | $3.2M | Add +29.7% |
| TKO Tko Group Holdings Inc. | 1.18% | 33,511 | $2.9M | Reduce -34.5% |
| BYD Boyd Gaming Corp. | 1.16% | 42,296 | $2.8M | Add +5.7% |
| META Meta Platforms Inc. Class A | 1.14% | 5,784 | $2.8M | New |
| BE Bloom Energy Corp. Class A | 1.14% | 250,000 | $2.8M | No change |
| BWA Borgwarner Inc. | 1.13% | 80,403 | $2.8M | Add +60.8% |
| PHIN Phinia Inc. | 1.12% | 72,052 | $2.8M | Reduce -42.0% |
| RTO Rentokil Initial PLC-SP ADR | 1.05% | 85,977 | $2.6M | New |
| XLP SS Consumer Staples Sel Sect | 1.02% | 33,059 | $2.5M | Add +10.9% |
| LSEA Landsea Homes Corp. | 0.86% | 145,493 | $2.1M | Add +44.2% |
| CZR Caesars Entertainment Inc. | 0.84% | 47,516 | $2.1M | New |
| RIVN Rivian Automotive Inc. Class A | 0.72% | 163,000 | $1.8M | Reduce -75.1% |
| SIX Six Flags Entertainment Corp. | 0.72% | 67,592 | $1.8M | Add +35.2% |
| CHTR Charter Communications Inc. Class A | 0.70% | 5,977 | $1.7M | New |
| NXST Nexstar Media Group Inc. | 0.58% | 8,286 | $1.4M | New |
| AAL American Airlines Group Inc. | 0.56% | 90,000 | $1.4M | New |
| RH RH | 0.50% | 3,565 | $1.2M | New |
| CAR Avis Budget Group Inc. | 0.47% | 9,460 | $1.2M | New |
| SN Sharkninja Inc. | 0.38% | 14,848 | $925K | Reduce -72.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.35% | 4,018 | $857K | Reduce -55.4% |
| EXPE Expedia Group Inc. | 0.33% | 5,842 | $805K | New |
| BKNG Booking Holdings Inc. | 0.29% | 200 | $726K | Reduce -72.2% |
| IAS Integral Ad Science Holding | 0.24% | 59,327 | $591K | New |
| RDDT Reddit Inc. Class A | 0.20% | 10,000 | $493K | New |
| Z Zillow Group Inc. Class C | 0.20% | 10,000 | $488K | New |
| F Ford Motor Co. filed as FORD MTR CO DEL | 0.19% | 35,000 | $465K | New |
| KHC The Kraft Heinz Co. | 0.18% | 11,829 | $436K | Reduce -69.8% |
| FYBR Frontier Communications Pare | 0.16% | 16,048 | $393K | New |
| EDR Endeavor Group Hold Class A | 0.15% | 13,895 | $358K | New |
| NVDA Nvidia Corp. | 0.12% | 328 | $296K | New |
| SPCE Virgin Galactic Holdings Inc. | 0.09% | 150,000 | $222K | No change |
| BURTECH ACQUISITION CORP | 0.01% | 150,000 | $27K | No change |
| LCID Lucid Group Inc. | 0.00% | 4,005 | $11K | Add +18.1% |
Options reported separately and not counted above: LQD puts ($155.7M), AAL puts ($53.7M), F puts ($24.6M), ECHO puts ($22.8M), PCG puts ($20.9M), LCID puts ($14.2M), BAC puts ($13.3M), SAVEQ puts ($11.9M), WDC calls ($9.6M), USB puts ($8.9M), COIN puts ($8.3M), NIO puts ($8.1M), and 10 more.
Other holdings (67): bonds, preferreds, convertibles and warrants · $1.5B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 59,888,000 | $170.2M | Add +5.2% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 63,910,000 | $123.5M | Add +159.8% |
| ATI INC (ATI 3.5 06/15/25) | NOTE 3.500% 6/1 · principal | 33,396,000 | $110.8M | Add +44.9% |
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | 37,505,000 | $102.0M | Add +15.4% |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | 36,000,000 | $101.4M | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 50,696,000 | $66.6M | Reduce -27.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 53,960,000 | $57.0M | Add +8.6% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 54,325,000 | $55.6M | Add +65.6% |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | 28,756,000 | $50.4M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 41,450,000 | $43.9M | Reduce -34.1% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 43,213,000 | $43.1M | New |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | 37,000,000 | $42.7M | Add +57.5% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 40,931,000 | $41.2M | Add +95.5% |
| GEO CORRECTIONS HLDGS (GEO 6.5 02/23/26) | NOTE 6.500% 2/2 · principal | 23,000,000 | $39.4M | Add +15.0% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 38,606,000 | $38.1M | Add +273.9% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 23,750,000 | $34.2M | Add +26.7% |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 31,280,000 | $33.4M | Add +123.4% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 34,085,000 | $31.9M | Add +56.6% |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | 26,106,000 | $27.5M | Add +4.5% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 24,850,000 | $25.8M | Add +67.3% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 27,600,000 | $25.4M | No change |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | 17,238,000 | $22.9M | Add +17.0% |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 23,000,000 | $22.0M | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 16,500,000 | $21.9M | New |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 17,981,000 | $21.6M | Add +30.5% |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | 19,982,000 | $19.5M | Add +50.3% |
| UNDER ARMOUR INC (UA 1.5 06/01/24) | NOTE 1.500% 6/0 · principal | 15,404,000 | $15.5M | No change |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | 11,612,000 | $14.4M | Reduce -63.3% |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | 17,485,000 | $13.9M | Reduce -10.3% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 11,388,000 | $12.8M | Reduce -1.0% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 13,700,000 | $12.3M | No change |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | 21,591,000 | $10.3M | Add +20.6% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 11,400,000 | $10.1M | New |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 10,000,000 | $9.7M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 10,000,000 | $9.3M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 38,841,000 | $9.3M | Reduce -2.5% |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 18,233,000 | $8.1M | Reduce -8.8% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 5,000,000 | $3.8M | No change |
| MARCUS CORPORATION (MCS 5 09/15/25) | NOTE 5.000% 9/1 · principal | 2,500,000 | $3.6M | No change |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 4,000,000 | $3.4M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | NOTE 1.500% 8/1 · principal | 2,500,000 | $2.5M | Reduce -92.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 1,098,000 | $1.1M | Reduce -94.8% |
| NIKOLA CORP (NKLA 8.25 12/15/26) | NOTE 8.250%12/1 · principal | 250,000 | $331K | No change |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 98,996 | $34K | No change |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 100,000 | $13K | No change |
| SBXC.WS Silverbox Corp. III-28 | *W EXP 02/28/202 | 83,333 | $10K | No change |
| BLEUACACIA LTD | RIGHT 10/30/2026 | 200,000 | $9K | No change |
| GMFIW Aetherium Acquisition A -28 | *W EXP 99/99/999 | 150,000 | $8K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 81,799 | $8K | No change |
| PNSWQ Banyan Acquisition Co. -CW23 | *W EXP 09/30/202 | 22,499 | $6K | No change |
| EFTRW Effector Therape -CW27 | *W EXP 12/31/202 | 41,795 | $6K | No change |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | 49,999 | $4K | No change |
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | 24,999 | $4K | No change |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 46,848 | $4K | No change |
| SOARW Volato Group Inc. - CW23 | *W EXP 12/04/202 | 25,000 | $3K | No change |
| BLEUACACIA LTD | *W EXP 10/30/202 | 99,999 | $3K | No change |
| FTIIW Futuretech II Acq -CW27 | *W EXP 08/18/202 | 80,000 | $3K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 55,787 | $2K | No change |
| AIMWF Aimfinity Investment-CW27 | *W EXP 99/99/999 | 100,000 | $2K | No change |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | 41,184 | $2K | No change |
| PERCEPTION CAPITAL CORP III | *W EXP 99/99/999 | 22,999 | $1K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 10,300 | $1K | No change |
| LGVCW Lamf Global Ventures -CW23 | *W EXP 99/99/999 | 37,499 | $1K | No change |
| SLNWF Selina Hospitality PLC-27 | *W EXP 10/27/202 | 144,913 | $1K | No change |
| CTSWF Cactus Acquisition Corp.-CW23 | *W EXP 08/17/202 | 24,994 | $999 | No change |
| IVAWF Investcorp India Acquisi -27 | *W EXP 06/01/202 | 12,500 | $625 | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 66,400 | $405 | No change |
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q4 2023 → Q1 2024
| RIVN Rivian Automotive Inc. Class A | Reduce -75.1% | 0.72% | −11.25 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −6.61 |
| TKO Tko Group Holdings Inc. | Reduce -34.5% | 1.18% | −2.08 |
| PHIN Phinia Inc. | Reduce -42.0% | 1.12% | −1.81 |
| SN Sharkninja Inc. | Reduce -72.5% | 0.38% | −1.78 |
| BKNG Booking Holdings Inc. | Reduce -72.2% | 0.29% | −1.70 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −1.64 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −1.46 |
| PENN Penn Entertainment Inc. | Sold out | 0.00% | −1.01 |
| KHC The Kraft Heinz Co. | Reduce -69.8% | 0.18% | −0.95 |
| BTU Peabody Energy Corp. | Sold out | 0.00% | −0.95 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -55.4% | 0.35% | −0.93 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.93 |
| LSXMA Liberty Media Corp. Class A New | Sold out | 0.00% | −0.39 |
| GRPN Groupon Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| IEF iShares 7-10 Year Treasury B | New | 25.67% | +25.67 |
| BKLN Invesco Senior Loan ETF | Add +141.7% | 34.58% | +7.08 |
| T AT&T Inc. | New | 1.34% | +1.34 |
| META Meta Platforms Inc. Class A | New | 1.14% | +1.14 |
| RTO Rentokil Initial PLC-SP ADR | New | 1.05% | +1.05 |
| CZR Caesars Entertainment Inc. | New | 0.84% | +0.84 |
| CHTR Charter Communications Inc. Class A | New | 0.70% | +0.70 |
| NEE Nextera Energy Inc. | Add +98.0% | 8.47% | +0.67 |
| NXST Nexstar Media Group Inc. | New | 0.58% | +0.58 |
| AAL American Airlines Group Inc. | New | 0.56% | +0.56 |
| RH RH | New | 0.50% | +0.50 |
| CAR Avis Budget Group Inc. | New | 0.47% | +0.47 |
| EXPE Expedia Group Inc. | New | 0.33% | +0.33 |
| IAS Integral Ad Science Holding | New | 0.24% | +0.24 |
| RDDT Reddit Inc. Class A | New | 0.20% | +0.20 |
| Z Zillow Group Inc. Class C | New | 0.20% | +0.20 |
| F Ford Motor Co. | New | 0.19% | +0.19 |
| FYBR Frontier Communications Pare | New | 0.16% | +0.16 |
| EDR Endeavor Group Hold Class A | New | 0.15% | +0.15 |
| NVDA Nvidia Corp. | New | 0.12% | +0.12 |
| LCID Lucid Group Inc. | Add +18.1% | 0.00% | −0.01 |
| ASO Academy Sports & Outdoors Inc. | Add +76.5% | 1.33% | −0.08 |
| LSEA Landsea Homes Corp. | Add +44.2% | 0.86% | −0.17 |
| SIX Six Flags Entertainment Corp. | Add +35.2% | 0.72% | −0.25 |
| BWA Borgwarner Inc. | Add +60.8% | 1.13% | −0.26 |
| OUT Outfront Media Inc. | Add +29.7% | 1.28% | −0.30 |
| CRH CRH PLC | Add +20.3% | 1.35% | −0.38 |
| XLP SS Consumer Staples Sel Sect | Add +10.9% | 1.02% | −0.65 |
| BYD Boyd Gaming Corp. | Add +5.7% | 1.16% | −0.80 |
| ECHO Echostar Corp. Class A | Add +47.7% | 1.77% | −0.88 |
| WDC Western Digital Corp. | Add +0.2% | 6.41% | −3.01 |
Options Activity Q4 2023 → Q1 2024
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Reduce -48.0% | 1,429,200 | $155.7M |
| AAL American Airlines Group Inc. | put | Reduce -15.7% | 3,500,000 | $53.7M |
| JBLU Jetblue Airways Corp. | put | Sold out | 5,610,800 | $31.1Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 50,000 | $23.8Mbefore exit |
| ECHO Echostar Corp. Class A | put | Add +84.1% | 1,602,100 | $22.8M |
| GRPN Groupon Inc. | call | Sold out | 1,284,500 | $16.5Mbefore exit |
| LCID Lucid Group Inc. | put | Add +104.3% | 4,974,700 | $14.2M |
| SAVEQ Spirit Airlines Inc. | put | Add +15.8% | 2,457,500 | $11.9M |
| ARKK ARK Innovation ETF | put | Sold out | 200,000 | $10.5Mbefore exit |
| WDC Western Digital Corp. | call | Add +62.8% | 140,000 | $9.6M |
| COIN Coinbase Global Inc. Class A | put | Reduce -13.8% | 31,300 | $8.3M |
| NIO Nio Inc. - ADR | put | Add +118.2% | 1,800,000 | $8.1M |
| GRPN Groupon Inc. | put | Sold out | 574,800 | $7.4Mbefore exit |
| SCHW Schwab (charles) Corp. | put | Sold out | 100,000 | $6.9Mbefore exit |
| ENPH Enphase Energy Inc. | put | Sold out | 50,000 | $6.6Mbefore exit |
| BYND Beyond Meat Inc. | put | Reduce -29.9% | 774,900 | $6.4M |
| MP MP Materials Corp. | put | Add +131.6% | 440,000 | $6.3M |
| REAL The Realreal Inc. | put | Reduce -15.0% | 1,477,100 | $5.8M |
| LYV Live Nation Entertainment Inc. | put | Sold out | 60,000 | $5.6Mbefore exit |
| LI Li Auto Inc. - ADR | put | Sold out | 150,000 | $5.6Mbefore exit |
| UNIT Uniti Group LLC Com SHS | put | Add +11.1% | 800,000 | $4.7M |
| TKO Tko Group Holdings Inc. | put | Sold out | 25,200 | $2.1Mbefore exit |
| RIVN Rivian Automotive Inc. Class A | put | Reduce -89.6% | 163,000 | $1.8M |
| JBLU Jetblue Airways Corp. | call | Sold out | 300,000 | $1.7Mbefore exit |
| PRGS Progress Software Corp. | put | Reduce -62.5% | 30,000 | $1.6M |
| GH Guardant Health Inc. | put | Sold out | 50,000 | $1.4Mbefore exit |
| BTU Peabody Energy Corp. | put | Sold out | 50,000 | $1.2Mbefore exit |
| FSRNQ Fisker Inc. | put | Sold out | 600,000 | $1.1Mbefore exit |
| SIRI Sirius XM Holdings Inc. | call | Sold out | 145,000 | $793Kbefore exit |
| BE Bloom Energy Corp. Class A | call | Sold out | 32,500 | $481Kbefore exit |
| PCT Purecycle Technologies Inc. | put | Sold out | 100,000 | $405Kbefore exit |
| NIKOLA CORP | put | Reduce -24.4% | 310,500 | $323K |
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
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Add +5.2% | 59,888,000 | $170.2M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Add +159.8% | 63,910,000 | $123.5M |
| ATI INC (ATI 3.5 06/15/25) | NOTE 3.500% 6/1 · principal | Add +44.9% | 33,396,000 | $110.8M |
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | Add +15.4% | 37,505,000 | $102.0M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Reduce -27.6% | 50,696,000 | $66.6M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +8.6% | 53,960,000 | $57.0M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Add +65.6% | 54,325,000 | $55.6M |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | New | 28,756,000 | $50.4M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Reduce -34.1% | 41,450,000 | $43.9M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | New | 43,213,000 | $43.1M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Add +57.5% | 37,000,000 | $42.7M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Add +95.5% | 40,931,000 | $41.2M |
| GEO CORRECTIONS HLDGS (GEO 6.5 02/23/26) | NOTE 6.500% 2/2 · principal | Add +15.0% | 23,000,000 | $39.4M |
| CYBERARK SOFTWARE LTD (CYBR 0 11/15/24) | NOTE 11/1 · principal | Sold out | 27,817,000 | $39.4Mbefore exit |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | Add +273.9% | 38,606,000 | $38.1M |
| VERADIGM INC (MDRX 0.875 01/01/27) | NOTE 0.875% 1/0 · principal | Sold out | 37,411,000 | $37.7Mbefore exit |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | Sold out | 26,150,000 | $37.5Mbefore exit |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Sold out | 22,268,000 | $36.1Mbefore exit |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Add +26.7% | 23,750,000 | $34.2M |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | Add +123.4% | 31,280,000 | $33.4M |
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | Sold out | 20,013,000 | $33.1Mbefore exit |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Sold out | 34,650,000 | $32.7Mbefore exit |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +56.6% | 34,085,000 | $31.9M |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | Add +4.5% | 26,106,000 | $27.5M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Add +67.3% | 24,850,000 | $25.8M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Sold out | 26,728,000 | $24.5Mbefore exit |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Sold out | 23,750,000 | $23.8Mbefore exit |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | Add +17.0% | 17,238,000 | $22.9M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | New | 23,000,000 | $22.0M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | New | 16,500,000 | $21.9M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Add +30.5% | 17,981,000 | $21.6M |
| WESTERN DIGITAL CORP (WDC 1.5 02/01/24) | NOTE 1.500% 2/0 · principal | Sold out | 20,626,000 | $20.5Mbefore exit |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Sold out | 14,000,000 | $20.5Mbefore exit |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | Sold out | 22,015,000 | $20.4Mbefore exit |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | Add +50.3% | 19,982,000 | $19.5M |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Sold out | 26,000,000 | $18.7Mbefore exit |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Sold out | 20,140,000 | $17.8Mbefore exit |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | Sold out | 11,572,000 | $17.7Mbefore exit |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | Reduce -63.3% | 11,612,000 | $14.4M |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | Reduce -10.3% | 17,485,000 | $13.9M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -1.0% | 11,388,000 | $12.8M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 11,000,000 | $12.3Mbefore exit |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Sold out | 12,144,000 | $12.0Mbefore exit |
| GUESS INC (GES 2 04/15/24) | NOTE 2.000% 4/1 · principal | Sold out | 11,073,000 | $11.6Mbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 10,250,000 | $11.4Mbefore exit |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | Add +20.6% | 21,591,000 | $10.3M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | New | 11,400,000 | $10.1M |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | New | 10,000,000 | $9.7M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 10,000,000 | $9.3M |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Reduce -2.5% | 38,841,000 | $9.3M |
Showing the first 50 of 65.
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 | 43 | $382.0M | SPY, HYG, IJH, RSP, CRH |
| Q1 2026 | 44 | $241.7M | SPY, EMB, VISN, EEM, CRH |
| Q4 2025 | 39 | $426.2M | SPY, LQD, RTO, H, VISN |
| Q3 2025 | 42 | $388.0M | SPY, IJH, PPLI, H, WDC |
| Q2 2025 | 43 | $498.2M | SPY, VCSH, HYG, RSP, WDC |
| Q1 2025 | 34 | $281.2M | HYG, BKLN, CHTR, HRI, WDC |
| Q4 2024 | 26 | $330.2M | SPY, BKLN, EXPE, ACI, CRH |
| Q3 2024 | 31 | $182.5M | BKLN, HRI, RTO, EXPE, CRH |
| Q2 2024 | 38 | $213.2M | BKLN, WDC, IEF, NEE, T |
| Q1 2024 | 41 | $246.4M | BKLN, IEF, NEE, WDC, ECHO |