Income Research & Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), Income Research & Management reported 18 stock positions worth $173.4 million. Its top holding was Expedia Group Inc. (expe 0 02/15/26) at 7.3% of the portfolio, followed by Alliant Energy Corp. (lnt 3.875 03/15/26) (7.0%) and New Mountain Finance Cor (nmfc 7.5 10/15/25) (7.0%). Compared with Q1 2024, it opened 4 new positions, sold out of 1 and reduced 4. The biggest buy was a new position in Duke Energy Corp. (duk 4.125 04/15/26) and the biggest sale an exit from Blackstone Mortgage TR (bxmt 5.5 03/15/27).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001165830
- Portfolio Value
- $173.4M (Q2 2024)
- SEC Filing
- 0001214659-24-012839 ↗ filed Jul 23, 2024
Holdings Value
Holdings 18 stocks · $173.4M
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | 7.29% | 13,780,000 | $12.7M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | 7.02% | 12,370,000 | $12.2M | Reduce -10.2% |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) filed as NEW MTN FIN CORP | 6.99% | 12,042,000 | $12.1M | Reduce -5.3% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | 6.90% | 11,947,000 | $12.0M | No change |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | 6.85% | 5,649,000 | $11.9M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | 6.78% | 11,800,000 | $11.8M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | 6.78% | 11,200,000 | $11.8M | New |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | 6.77% | 12,112,000 | $11.7M | Reduce -12.4% |
| SOUTHERN CO (SO 3.875 12/15/25) | 6.76% | 11,470,000 | $11.7M | Reduce -10.5% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 6.56% | 11,900,000 | $11.4M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | 6.26% | 11,100,000 | $10.9M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | 5.99% | 9,911,000 | $10.4M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) filed as FORD MTR CO DEL | 5.09% | 8,750,000 | $8.8M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | 4.33% | 9,545,000 | $7.5M | No change |
| PENNYMAC CORP (PMT 5.5 11/01/24) | 3.35% | 5,875,000 | $5.8M | No change |
| TAXX BBLX Irm Tax-Aware S Dur ETF | 2.89% | 100,000 | $5.0M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 2.21% | 4,000,000 | $3.8M | No change |
| AGGS Harbor Disciplined Bond ETF | 1.18% | 50,000 | $2.0M | New |
Portfolio Sells Q1 2024 → Q2 2024
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | Sold out | 0.00% | −3.64 |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | Reduce -12.4% | 6.77% | −2.29 |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | Reduce -10.2% | 7.02% | −2.13 |
| SOUTHERN CO (SO 3.875 12/15/25) | Reduce -10.5% | 6.76% | −1.86 |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | Reduce -5.3% | 6.99% | −1.71 |
Portfolio Buys Q1 2024 → Q2 2024
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | New | 6.78% | +6.78 |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | New | 6.78% | +6.78 |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | New | 6.26% | +6.26 |
| AGGS Harbor Disciplined Bond ETF | New | 1.18% | +1.18 |
Notes & Other Activity Q1 2024 → Q2 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 165 | $201Kbefore exit |
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 | 28 | $183.1M | BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN), EURONET WORLDWIDE INC (EEFT 0.75 03/15/49), UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028), ALLIANT ENERGY CORP (LNT 3.25 05/30/28), WEC ENERGY GROUP INC (WEC 3.375 06/01/28) |
| Q1 2026 | 24 | $167.3M | BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN), AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27), CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028), EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) |
| Q4 2025 | 30 | $189.0M | BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN), EURONET WORLDWIDE INC (EEFT 0.75 03/15/49), AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27), CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) |
| Q3 2025 | 33 | $203.6M | EURONET WORLDWIDE INC (EEFT 0.75 03/15/49), CMS ENERGY CORP (CMS 3.375 05/01/28), PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28), CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29), EXPEDIA GROUP INC (EXPE 0 02/15/26) |
| Q2 2025 | 38 | $373.4M | BLV, VGLT, EDV, EXPEDIA GROUP INC (EXPE 0 02/15/26), PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) |
| Q1 2025 | 27 | $234.8M | EXPEDIA GROUP INC (EXPE 0 02/15/26), PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28), ALLIANT ENERGY CORP (LNT 3.875 03/15/26), VENTAS REALTY LP (VTR 3.75 06/01/26), CMS ENERGY CORP (CMS 3.375 05/01/28) |
| Q4 2024 | 25 | $209.6M | EXPEDIA GROUP INC (EXPE 0 02/15/26), ALLIANT ENERGY CORP (LNT 3.875 03/15/26), PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28), SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25), NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) |
| Q3 2024 | 21 | $207.5M | VENTAS REALTY LP (VTR 3.75 06/01/26), EXPEDIA GROUP INC (EXPE 0 02/15/26), ALLIANT ENERGY CORP (LNT 3.875 03/15/26), BOOKING HOLDINGS INC (BKNG 0.75 05/01/25), PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) |
| Q2 2024 | 18 | $173.4M | EXPEDIA GROUP INC (EXPE 0 02/15/26), ALLIANT ENERGY CORP (LNT 3.875 03/15/26), NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25), SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25), BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) |
| Q1 2024 | 15 | $148.0M | ALLIANT ENERGY CORP (LNT 3.875 03/15/26), EURONET WORLDWIDE INC (EEFT 0.75 03/15/49), NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25), SOUTHERN CO (SO 3.875 12/15/25), EXPEDIA GROUP INC (EXPE 0 02/15/26) |