III Capital Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), III Capital Management reported 38 stock positions worth $213.2 million. Its top holding was Invesco Senior Loan ETF (BKLN) at 58.4% of the portfolio, followed by Western Digital (WDC, 7.5%) and iShares 7-10 Year Treasury B (IEF, 7.2%). Compared with Q1 2024, it opened 13 new positions, sold out of 16, added to 12 and reduced 13. The biggest buy was Invesco Senior Loan ETF (BKLN, shares +47%) and the biggest sale iShares 7-10 Year Treasury B (IEF, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- BOCA RATON, FL
- CIK
- 0001783139
- Portfolio Value
- $213.2M (Q2 2024)
- SEC Filing
- 0001172661-24-003580 ↗ filed Aug 14, 2024
Holdings Value
Holdings 38 stocks · $213.2M
| BKLN Invesco Senior Loan ETF | 58.41% | 5,917,831 | $124.5M | Add +46.9% |
| WDC Western Digital Corp. | 7.51% | 211,308 | $16.0M | Reduce -8.8% |
| IEF iShares 7-10 Year Treasury B | 7.23% | 164,492 | $15.4M | Reduce -75.4% |
| NEE Nextera Energy Inc. | 2.89% | 87,036 | $6.2M | Reduce -73.4% |
| T AT&T Inc. | 2.32% | 258,954 | $4.9M | Add +38.4% |
| RTO Rentokil Initial PLC-SP ADR | 1.90% | 136,435 | $4.0M | Add +58.7% |
| ECHO Echostar Corp. Class A | 1.59% | 190,279 | $3.4M | Reduce -37.7% |
| CRH CRH PLC | 1.43% | 40,516 | $3.0M | Add +5.2% |
| OUT Outfront Media Inc. | 1.39% | 207,911 | $3.0M | Add +10.6% |
| BYD Boyd Gaming Corp. | 1.39% | 53,947 | $3.0M | Add +27.6% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 1.25% | 20,067 | $2.7M | New |
| BWA Borgwarner Inc. | 1.21% | 80,302 | $2.6M | Reduce -0.1% |
| VSTS Vestis Corp. | 1.21% | 211,633 | $2.6M | New |
| ASO Academy Sports & Outdoors Inc. | 0.96% | 38,620 | $2.1M | Reduce -20.5% |
| TKO Tko Group Holdings Inc. | 0.94% | 18,473 | $2.0M | Reduce -44.9% |
| XLP SS Consumer Staples Sel Sect | 0.80% | 22,173 | $1.7M | Reduce -32.9% |
| LSEA Landsea Homes Corp. | 0.79% | 182,978 | $1.7M | Add +25.8% |
| LW Lamb Weston Holdings Inc. | 0.73% | 18,417 | $1.5M | New |
| AAL American Airlines Group Inc. | 0.61% | 114,700 | $1.3M | Add +27.4% |
| RCL Royal Caribbean Cruises Ltd. | 0.52% | 7,000 | $1.1M | New |
| META Meta Platforms Inc. Class A | 0.51% | 2,174 | $1.1M | Reduce -62.4% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 0.48% | 81,021 | $1.0M | Add +131.5% |
| CHTR Charter Communications Inc. Class A | 0.44% | 3,166 | $947K | Reduce -47.0% |
| NCLH Norwegian Cruise Line Holdin | 0.42% | 48,000 | $902K | New |
| H Hyatt Hotels Corp. Class A | 0.41% | 5,734 | $871K | New |
| GVA Granite Construction Inc. | 0.40% | 13,700 | $849K | New |
| NXST Nexstar Media Group Inc. | 0.38% | 4,927 | $818K | Reduce -40.5% |
| CZR Caesars Entertainment Inc. | 0.34% | 18,373 | $730K | Reduce -61.3% |
| IAS Integral Ad Science Holding | 0.30% | 65,158 | $633K | Add +9.8% |
| GDEN Golden Entertainment Inc. | 0.29% | 20,000 | $622K | New |
| DV Doubleverify Holdings Inc. | 0.27% | 29,294 | $570K | New |
| KHC The Kraft Heinz Co. | 0.22% | 14,524 | $468K | Add +22.8% |
| BELFB Bel Fuse Inc. Class B | 0.18% | 6,000 | $391K | New |
| SAVEQ Spirit Airlines Inc. | 0.11% | 62,400 | $228K | New |
| NIO Nio Inc. - ADR | 0.11% | 54,253 | $226K | New |
| PRGS Progress Software Corp. | 0.03% | 1,009 | $55K | New |
| BURTECH ACQUISITION CORP | 0.02% | 139,259 | $35K | Reduce -7.2% |
| LCID Lucid Group Inc. | 0.01% | 8,461 | $22K | Add +111.3% |
Options reported separately and not counted above: LQD puts ($80.3M), SPY puts ($45.3M), AAL puts ($37.5M), PCG puts ($24.8M), F puts ($22.0M), LCID puts ($21.8M), WDC calls ($12.7M), NIO puts ($12.0M), SNAP puts ($11.2M), ECHO puts ($9.6M), XYZ puts ($9.4M), PRGS puts ($9.2M), and 11 more.
Other holdings (58): bonds, preferreds, convertibles and warrants · $1.6B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 61,148,000 | $197.5M | Add +2.1% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 68,747,000 | $144.7M | Add +7.6% |
| ATI INC (ATI 3.5 06/15/25) | NOTE 3.500% 6/1 · principal | 33,913,000 | $121.5M | Add +1.6% |
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | 38,430,000 | $111.6M | Add +2.5% |
| CYBERARK SOFTWARE LTD (CYBR 0 11/15/24) | NOTE 11/1 · principal | 54,909,000 | $95.5M | New |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 78,700,000 | $84.0M | Add +55.2% |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | 31,640,000 | $78.1M | Reduce -12.1% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 72,325,000 | $69.7M | Add +33.1% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 65,569,000 | $67.0M | Add +51.7% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 51,346,000 | $50.8M | Add +23.9% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 45,000,000 | $45.4M | Add +9.9% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | 34,166,000 | $42.8M | Reduce -7.7% |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 35,969,000 | $39.8M | Add +15.0% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 39,856,000 | $37.6M | Add +3.2% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 22,777,000 | $35.3M | Reduce -4.1% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 31,560,000 | $33.1M | Add +27.0% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 22,888,000 | $32.8M | Add +38.7% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 35,085,000 | $32.0M | Add +2.9% |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | 32,922,000 | $31.7M | Add +26.1% |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 31,133,000 | $30.3M | Add +211.3% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 33,130,000 | $30.2M | Add +20.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 505,000 | $24.9M | New |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 20,430,000 | $23.5M | Add +13.6% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 23,670,000 | $22.6M | Add +107.6% |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | 17,238,000 | $21.5M | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 17,330,000 | $19.1M | Add +52.2% |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | 12,262,000 | $12.6M | Add +5.6% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 10,500,000 | $11.0M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 10,000,000 | $10.5M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | 9,000,000 | $9.5M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 38,841,000 | $8.6M | No change |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 15,433,000 | $7.4M | Reduce -15.4% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 7,670,000 | $6.3M | New |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | 11,541,000 | $5.7M | Reduce -46.5% |
| NIKOLA CORP (NKLA 8.25 12/15/26) | NOTE 8.250%12/1 · principal | 250,000 | $206K | No change |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 96,509 | $16K | Reduce -2.5% |
| SBXC.WS Silverbox Corp. III-28 | *W EXP 02/28/202 | 74,664 | $11K | Reduce -10.4% |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | 47,271 | $9K | Reduce -5.5% |
| BLEUACACIA LTD | RIGHT 10/30/2026 | 183,903 | $6K | Reduce -8.1% |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 39,186 | $5K | Reduce -16.4% |
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | 23,633 | $5K | Reduce -5.5% |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 91,527 | $5K | Reduce -8.5% |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 49,982 | $4K | Reduce -10.4% |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 74,868 | $4K | Reduce -8.5% |
| PNSWQ Banyan Acquisition Co. -CW23 | *W EXP 09/30/202 | 21,272 | $2K | Reduce -5.5% |
| FTIIW Futuretech II Acq -CW27 | *W EXP 08/18/202 | 73,222 | $2K | Reduce -8.5% |
| AIMWF Aimfinity Investment-CW27 | *W EXP 99/99/999 | 91,548 | $2K | Reduce -8.4% |
| SLNWF Selina Hospitality PLC-27 | *W EXP 10/27/202 | 144,913 | $2K | No change |
| BLEUACACIA LTD | *W EXP 10/30/202 | 91,951 | $1K | Reduce -8.1% |
| CTSWF Cactus Acquisition Corp.-CW23 | *W EXP 08/17/202 | 20,684 | $1K | Reduce -17.2% |
| NUVWQ Holdco Nuvo Group DG Ltd. | *W EXP 05/01/202 | 31,366 | $925 | New |
| PERCEPTION CAPITAL CORP III | *W EXP 99/99/999 | 20,385 | $763 | Reduce -11.4% |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | 41,184 | $667 | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 60,774 | $580 | Reduce -8.5% |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 9,734 | $574 | Reduce -5.5% |
| IVAWF Investcorp India Acquisi -27 | *W EXP 06/01/202 | 11,448 | $437 | Reduce -8.4% |
| SOARW Volato Group Inc. - CW23 | *W EXP 12/04/202 | 23,216 | $400 | Reduce -7.1% |
| EFTRW Effector Therape -CW27 | *W EXP 12/31/202 | 36,579 | $45 | Reduce -12.5% |
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q1 2024 → Q2 2024
| IEF iShares 7-10 Year Treasury B | Reduce -75.4% | 7.23% | −18.45 |
| NEE Nextera Energy Inc. | Reduce -73.4% | 2.89% | −5.58 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −1.14 |
| PHIN Phinia Inc. | Sold out | 0.00% | −1.12 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.72 |
| SIX Six Flags Entertainment Corp. | Sold out | 0.00% | −0.72 |
| META Meta Platforms Inc. Class A | Reduce -62.4% | 0.51% | −0.63 |
| RH RH | Sold out | 0.00% | −0.50 |
| CZR Caesars Entertainment Inc. | Reduce -61.3% | 0.34% | −0.50 |
| CAR Avis Budget Group Inc. | Sold out | 0.00% | −0.47 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.38 |
| ASO Academy Sports & Outdoors Inc. | Reduce -20.5% | 0.96% | −0.37 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.35 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.33 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.29 |
| CHTR Charter Communications Inc. Class A | Reduce -47.0% | 0.44% | −0.26 |
| TKO Tko Group Holdings Inc. | Reduce -44.9% | 0.94% | −0.24 |
| XLP SS Consumer Staples Sel Sect | Reduce -32.9% | 0.80% | −0.23 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.20 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.20 |
| NXST Nexstar Media Group Inc. | Reduce -40.5% | 0.38% | −0.20 |
| ECHO Echostar Corp. Class A | Reduce -37.7% | 1.59% | −0.18 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.16 |
| EDR Endeavor Group Hold Class A | Sold out | 0.00% | −0.15 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.12 |
| SPCE Virgin Galactic Holdings Inc. | Sold out | 0.00% | −0.09 |
| BURTECH ACQUISITION CORP | Reduce -7.2% | 0.02% | +0.01 |
| BWA Borgwarner Inc. | Reduce -0.1% | 1.21% | +0.08 |
| WDC Western Digital Corp. | Reduce -8.8% | 7.51% | +1.10 |
Portfolio Buys Q1 2024 → Q2 2024
| BKLN Invesco Senior Loan ETF | Add +46.9% | 58.41% | +23.82 |
| HRI Herc Holdings Inc. | New | 1.25% | +1.25 |
| VSTS Vestis Corp. | New | 1.21% | +1.21 |
| T AT&T Inc. | Add +38.4% | 2.32% | +0.98 |
| RTO Rentokil Initial PLC-SP ADR | Add +58.7% | 1.90% | +0.85 |
| LW Lamb Weston Holdings Inc. | New | 0.73% | +0.73 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.52% | +0.52 |
| NCLH Norwegian Cruise Line Holdin | New | 0.42% | +0.42 |
| H Hyatt Hotels Corp. Class A | New | 0.41% | +0.41 |
| GVA Granite Construction Inc. | New | 0.40% | +0.40 |
| GDEN Golden Entertainment Inc. | New | 0.29% | +0.29 |
| F Ford Motor Co. | Add +131.5% | 0.48% | +0.29 |
| DV Doubleverify Holdings Inc. | New | 0.27% | +0.27 |
| BYD Boyd Gaming Corp. | Add +27.6% | 1.39% | +0.24 |
| BELFB Bel Fuse Inc. Class B | New | 0.18% | +0.18 |
| OUT Outfront Media Inc. | Add +10.6% | 1.39% | +0.11 |
| SAVEQ Spirit Airlines Inc. | New | 0.11% | +0.11 |
| NIO Nio Inc. - ADR | New | 0.11% | +0.11 |
| CRH CRH PLC | Add +5.2% | 1.43% | +0.08 |
| IAS Integral Ad Science Holding | Add +9.8% | 0.30% | +0.06 |
| AAL American Airlines Group Inc. | Add +27.4% | 0.61% | +0.05 |
| KHC The Kraft Heinz Co. | Add +22.8% | 0.22% | +0.04 |
| PRGS Progress Software Corp. | New | 0.03% | +0.03 |
| LCID Lucid Group Inc. | Add +111.3% | 0.01% | +0.01 |
| LSEA Landsea Homes Corp. | Add +25.8% | 0.79% | −0.07 |
Options Activity Q1 2024 → Q2 2024
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Reduce -47.5% | 750,000 | $80.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 83,000 | $45.3M |
| AAL American Airlines Group Inc. | put | Reduce -5.3% | 3,313,900 | $37.5M |
| PCG P G & E Corp. | put | Add +13.5% | 1,418,800 | $24.8M |
| F Ford Motor Co. | put | Reduce -5.2% | 1,753,100 | $22.0M |
| LCID Lucid Group Inc. | put | Add +67.7% | 8,340,800 | $21.8M |
| BAC Bank of America Corp. | put | Sold out | 350,000 | $13.3Mbefore exit |
| WDC Western Digital Corp. | call | Add +19.9% | 167,800 | $12.7M |
| NIO Nio Inc. - ADR | put | Add +60.0% | 2,879,300 | $12.0M |
| SNAP Snap Inc. Class A | put | Reduce -3.6% | 674,700 | $11.2M |
| ECHO Echostar Corp. Class A | put | Reduce -66.3% | 540,155 | $9.6M |
| XYZ Block Inc. | put | New | 145,100 | $9.4M |
| PRGS Progress Software Corp. | put | Add +465.7% | 169,700 | $9.2M |
| SAVEQ Spirit Airlines Inc. | put | Reduce -7.3% | 2,278,800 | $8.3M |
| PRGS Progress Software Corp. | call | New | 141,000 | $7.7M |
| BABA Alibaba Group Holding-SP ADR | put | New | 96,800 | $7.0M |
| REAL The Realreal Inc. | put | Sold out | 1,477,100 | $5.8Mbefore exit |
| COIN Coinbase Global Inc. Class A | put | Reduce -20.1% | 25,000 | $5.6M |
| MP MP Materials Corp. | put | Reduce -3.8% | 423,400 | $5.4M |
| USB US Bancorp | put | Reduce -50.0% | 100,000 | $4.0M |
| BE Bloom Energy Corp. Class A | put | Sold out | 250,000 | $2.8Mbefore exit |
| UNIT Uniti Group LLC Com SHS | put | Reduce -14.8% | 682,000 | $2.0M |
| RIVN Rivian Automotive Inc. Class A | put | Sold out | 163,000 | $1.8Mbefore exit |
| BYND Beyond Meat Inc. | put | Reduce -71.0% | 224,900 | $1.5M |
| AG First Majestic Silver Corp. | put | New | 250,000 | $1.5M |
| PMT Pennymac Mortgage Investment | put | New | 100,000 | $1.4M |
| BYND Beyond Meat Inc. | call | New | 100,000 | $671K |
| NIKOLA CORP | put | Sold out | 10,350 | $323Kbefore exit |
| SPCE Virgin Galactic Holdings Inc. | put | Sold out | 7,500 | $222Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Add +2.1% | 61,148,000 | $197.5M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Add +7.6% | 68,747,000 | $144.7M |
| ATI INC (ATI 3.5 06/15/25) | NOTE 3.500% 6/1 · principal | Add +1.6% | 33,913,000 | $121.5M |
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | Add +2.5% | 38,430,000 | $111.6M |
| CYBERARK SOFTWARE LTD (CYBR 0 11/15/24) | NOTE 11/1 · principal | New | 54,909,000 | $95.5M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Add +55.2% | 78,700,000 | $84.0M |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | Reduce -12.1% | 31,640,000 | $78.1M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Add +33.1% | 72,325,000 | $69.7M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Add +51.7% | 65,569,000 | $67.0M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 53,960,000 | $57.0Mbefore exit |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +23.9% | 51,346,000 | $50.8M |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | Sold out | 28,756,000 | $50.4Mbefore exit |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Add +9.9% | 45,000,000 | $45.4M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Reduce -7.7% | 34,166,000 | $42.8M |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | Add +15.0% | 35,969,000 | $39.8M |
| GEO CORRECTIONS HLDGS (GEO 6.5 02/23/26) | NOTE 6.500% 2/2 · principal | Sold out | 23,000,000 | $39.4Mbefore exit |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | Add +3.2% | 39,856,000 | $37.6M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -4.1% | 22,777,000 | $35.3M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Add +27.0% | 31,560,000 | $33.1M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Add +38.7% | 22,888,000 | $32.8M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +2.9% | 35,085,000 | $32.0M |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | Add +26.1% | 32,922,000 | $31.7M |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | Add +211.3% | 31,133,000 | $30.3M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Add +20.0% | 33,130,000 | $30.2M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 505,000 | $24.9M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Add +13.6% | 20,430,000 | $23.5M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +107.6% | 23,670,000 | $22.6M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | Sold out | 23,000,000 | $22.0Mbefore exit |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | Sold out | 19,982,000 | $19.5Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +52.2% | 17,330,000 | $19.1M |
| UNDER ARMOUR INC (UA 1.5 06/01/24) | NOTE 1.500% 6/0 · principal | Sold out | 15,404,000 | $15.5Mbefore exit |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | Sold out | 17,485,000 | $13.9Mbefore exit |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | Add +5.6% | 12,262,000 | $12.6M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Sold out | 13,700,000 | $12.3Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 10,500,000 | $11.0M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 10,000,000 | $10.5M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | New | 9,000,000 | $9.5M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Sold out | 10,000,000 | $9.3Mbefore exit |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | Reduce -15.4% | 15,433,000 | $7.4M |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | New | 7,670,000 | $6.3M |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | Reduce -46.5% | 11,541,000 | $5.7M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Sold out | 5,000,000 | $3.8Mbefore exit |
| MARCUS CORPORATION (MCS 5 09/15/25) | NOTE 5.000% 9/1 · principal | Sold out | 2,500,000 | $3.6Mbefore exit |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | Sold out | 4,000,000 | $3.4Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | NOTE 1.500% 8/1 · principal | Sold out | 2,500,000 | $2.5Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 1,098,000 | $1.1Mbefore exit |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | Reduce -2.5% | 96,509 | $16K |
| SBXC.WS Silverbox Corp. III-28 | *W EXP 02/28/202 | Reduce -10.4% | 74,664 | $11K |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | Reduce -5.5% | 47,271 | $9K |
| GMFIW Aetherium Acquisition A -28 | *W EXP 99/99/999 | Sold out | 150,000 | $8Kbefore exit |
Showing the first 50 of 69.
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 |