MacKay Shields LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), MacKay Shields LLC reported 19 stock positions worth $252.3 million. Its top holding was BlackRock 2030 Muni TRGT TRM (BTT) at 17.7% of the portfolio, followed by Nine Energy Service (NINE, 15.5%) and iShares Gold Trust (IAU, 9.8%). Compared with Q1 2026, it sold out of 8, added to 3 and reduced 8. The biggest buy was BlackRock 2030 Muni TRGT TRM (BTT, shares +26%) and the biggest sale iShares Gold Trust (IAU, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000061227
- Portfolio Value
- $252.3M (Q2 2026)
- SEC Filing
- 0000061227-26-000002 ↗ filed Jul 28, 2026
Holdings Value
Holdings 19 stocks · $252.3M
| BTT BlackRock 2030 Muni TRGT TRM | 17.75% | 1,967,980 | $44.8M | Add +25.6% |
| NINE Nine Energy Service Inc. | 15.53% | 3,011,565 | $39.2M | Reduce -1.8% |
| IAU iShares Gold Trust | 9.82% | 328,020 | $24.8M | Reduce -15.9% |
| MYN BlackRock Muniyield NY QLTY | 9.45% | 2,349,687 | $23.8M | No change |
| MHD BlackRock Muniholdings Fund | 9.35% | 1,982,355 | $23.6M | No change |
| MQY BlackRock Muniyield Quality | 7.33% | 1,594,019 | $18.5M | No change |
| GPOR Gulfport Energy Corp. | 6.56% | 97,512 | $16.5M | Reduce -1.1% |
| TALO Talos Energy Inc. | 5.96% | 1,163,908 | $15.0M | Reduce -12.4% |
| MUJ BlackRock Munihold NJ QLTY | 4.30% | 881,952 | $10.9M | Reduce -23.2% |
| WBD Warner Bros Discovery Inc. | 3.78% | 358,060 | $9.5M | Add +58.3% |
| MIY BlackRock Muniyield Mi QLTY | 2.33% | 479,747 | $5.9M | Reduce -27.2% |
| GLD SPDR Gold Shares | 2.24% | 15,336 | $5.6M | No change |
| MYI BlackRock Muniyield QLTY III | 1.93% | 439,004 | $4.9M | Reduce -16.6% |
| VFL Abrdn National Municipal Inc. | 1.65% | 401,695 | $4.2M | No change |
| MFM Aberdeen Municipal Income | 0.74% | 333,822 | $1.9M | Add +0.2% |
| MUC BlackRock Munihold Ca QLTY | 0.56% | 128,815 | $1.4M | Reduce -12.3% |
| EIM Eaton Vance Municipal Bond | 0.50% | 125,764 | $1.3M | No change |
| SECR Nylim Mackay Securitized Inc. filed as NEW YORK LIFE INVTS ACTIVE E | 0.12% | 11,504 | $292K | No change |
| WW WW International Inc.-New filed as WW INTL INC | 0.09% | 14,371 | $230K | No change |
Other holdings (89): bonds, preferreds, convertibles and warrants · $2.7B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 8,952,000 | $150.8M | Reduce -42.2% |
| ALPHABET INC (GOOGL 6.25 05/15/29 A) | DEP SHS RP1/20 A | 2,427,303 | $122.6M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 36,470,000 | $107.5M | Reduce -0.1% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 12,884,000 | $84.1M | Reduce -51.9% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 50,863,000 | $74.0M | Reduce -0.1% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 601,263 | $70.2M | Reduce -0.1% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 89,888,000 | $58.8M | Add +16.2% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 1,169,488 | $57.4M | Reduce -0.1% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 828,674 | $56.2M | Reduce -0.1% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 52,445,000 | $55.3M | Reduce -3.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 45,364,000 | $54.3M | Add +0.0% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 32,541,000 | $54.2M | Reduce -0.1% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 23,710,000 | $53.0M | Reduce -0.2% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 49,886,000 | $50.9M | Add +52.4% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 940,950 | $50.5M | Add +99.0% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 46,453,000 | $47.5M | Add +0.1% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 603,491 | $46.5M | Add +0.4% |
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | DBCV 1.875% 3/1 · principal | 45,243,000 | $43.9M | Add +0.2% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 713,153 | $43.5M | Reduce -0.1% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 33,894,000 | $42.1M | Reduce -0.2% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 40,161,000 | $41.7M | Reduce -0.2% |
| MERIT MEDICAL SYSTEMS IN (MMSI 3 02/01/29) | NOTE 3.000% 2/0 · principal | 38,073,000 | $41.1M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 34,024,000 | $40.8M | Add +0.6% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 21,949,000 | $40.0M | Reduce -44.0% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 27,438,000 | $39.1M | Reduce -18.8% |
| REVOLUTION MEDICINES INC (RVMD 0.5 05/01/33) | NOTE 0.500% 5/0 · principal | 30,344,000 | $38.1M | New |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 31,800,000 | $37.0M | Add +0.0% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 33,259,000 | $36.9M | Reduce -0.2% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 32,598,000 | $35.9M | Reduce -0.1% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 29,737,000 | $35.6M | No change |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 21,499,000 | $34.9M | Add +10.7% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 26,167,000 | $34.7M | Reduce -0.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 20,318,000 | $34.7M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 33,241,000 | $31.9M | Reduce -0.2% |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 27,113,000 | $31.7M | Reduce -0.1% |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | 19,004,000 | $31.6M | New |
| CLOUDFLARE INC (NET 0 06/15/30) | NOTE 6/1 · principal | 24,872,000 | $31.5M | New |
| UNITY SOFTWARE INC (U 0 03/15/30) | NOTE 3/1 · principal | 26,904,000 | $30.5M | Add +0.0% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 645,801 | $29.1M | Reduce -0.2% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 28,031,000 | $29.0M | Reduce -0.3% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 19,118,000 | $28.3M | Reduce -0.1% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 24,458,000 | $28.1M | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 17,529,000 | $28.0M | Reduce -14.0% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 28,590,000 | $27.5M | Reduce -0.4% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 20,806 | $26.1M | Reduce -0.3% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 26,167,000 | $25.8M | Add +0.1% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 26,434,000 | $25.7M | Reduce -0.3% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 24,323,000 | $24.6M | No change |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | 20,457,000 | $24.5M | Add +581.9% |
| DOORDASH INC (DASH 0 05/15/30) | NOTE 5/1 · principal | 24,710,000 | $24.4M | New |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 16,169,000 | $24.0M | No change |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 24,911,000 | $24.0M | Reduce -0.9% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 18,580,000 | $22.1M | Reduce -0.0% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 19,032,000 | $21.8M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 22,415,000 | $20.9M | Reduce -25.2% |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | 25,168,000 | $20.6M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 19,157,000 | $18.3M | Reduce -1.9% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 479,735 | $18.1M | Reduce -0.1% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 14,834,000 | $17.9M | Reduce -0.1% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 14,748 | $17.1M | Reduce -0.1% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 16,565,000 | $16.3M | Reduce -44.1% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 16,585,000 | $15.5M | Reduce -1.6% |
| RUBRIK INC (RBRK 0 06/15/30) | NOTE 6/1 · principal | 14,825,000 | $15.2M | New |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 14,243,000 | $13.9M | Reduce -0.3% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 4,843,000 | $13.2M | Reduce -87.8% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 15,102,000 | $13.1M | No change |
| ALPHABET INC (GOOGL 6.25 05/15/29 B) | DEP SHS RP1/20 B | 250,000 | $12.6M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 12,879,000 | $11.6M | No change |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 228,903 | $11.0M | New |
| LIFE360 INC (LIF 0 06/01/30) | NOTE 6/0 · principal | 8,870,000 | $9.2M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 7,179,000 | $8.9M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,676,000 | $8.3M | Reduce -1.1% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 7,857,000 | $8.2M | No change |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 9,152,000 | $8.2M | Reduce -0.4% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 7,505,000 | $7.3M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 5,637,000 | $7.2M | Reduce -0.8% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 1,947,000 | $7.2M | Reduce -91.5% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 5,162,000 | $6.4M | Reduce -2.0% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 5,569,000 | $6.1M | Reduce -1.3% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 5,407,000 | $6.0M | Reduce -0.2% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 4,485,000 | $6.0M | Reduce -0.9% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 6,155,000 | $5.5M | Reduce -1.8% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 4,582,000 | $5.2M | Reduce -0.5% |
| SOUTHERN CO (SO 3.25 06/15/28) | NOTE 3.250% 6/1 · principal | 4,815,000 | $4.9M | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 3,756,000 | $4.6M | Reduce -2.3% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 2,414,000 | $3.8M | Reduce -76.8% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 500,000 | $568K | No change |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 295,000 | $272K | Reduce -53.5% |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 45,000 | $43K | No change |
Total filed on the 13F, all lines: $3.0B.
Portfolio Sells Q1 2026 → Q2 2026
| IAU iShares Gold Trust | Reduce -15.9% | 9.82% | −3.06 |
| NBH Neuberger Municipal Fund Inc. | Sold out | 0.00% | −2.37 |
| NRK Nuveen NY Amt-FR Muni Inc. | Sold out | 0.00% | −1.99 |
| TALO Talos Energy Inc. | Reduce -12.4% | 5.96% | −1.88 |
| GPOR Gulfport Energy Corp. | Reduce -1.1% | 6.56% | −1.25 |
| VGM Invesco Trust for Investmen | Sold out | 0.00% | −0.77 |
| VKQ Invesco Municipal Trust | Sold out | 0.00% | −0.74 |
| MUJ BlackRock Munihold NJ QLTY | Reduce -23.2% | 4.30% | −0.67 |
| MIY BlackRock Muniyield Mi QLTY | Reduce -27.2% | 2.33% | −0.60 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Sold out | 0.00% | −0.53 |
| VMO Invesco Municipal Opport | Sold out | 0.00% | −0.45 |
| NZF Nuveen Municipal Credit Inc. | Sold out | 0.00% | −0.25 |
| VKI Invesco Adv Muni Inc. TR II | Sold out | 0.00% | −0.15 |
| MYI BlackRock Muniyield QLTY III | Reduce -16.6% | 1.93% | −0.14 |
| MUC BlackRock Munihold Ca QLTY | Reduce -12.3% | 0.56% | −0.01 |
| NINE Nine Energy Service Inc. | Reduce -1.8% | 15.53% | +6.12 |
Portfolio Buys Q1 2026 → Q2 2026
Notes & Other Activity Q1 2026 → Q2 2026
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -42.2% | 8,952,000 | $150.8M |
| ALPHABET INC (GOOGL 6.25 05/15/29 A) | DEP SHS RP1/20 A | New | 2,427,303 | $122.6M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Reduce -0.1% | 36,470,000 | $107.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Reduce -51.9% | 12,884,000 | $84.1M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -0.1% | 50,863,000 | $74.0M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -0.1% | 601,263 | $70.2M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Add +16.2% | 89,888,000 | $58.8M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Reduce -0.1% | 1,169,488 | $57.4M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -0.1% | 828,674 | $56.2M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Reduce -3.8% | 52,445,000 | $55.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +0.0% | 45,364,000 | $54.3M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Reduce -0.1% | 32,541,000 | $54.2M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Reduce -0.2% | 23,710,000 | $53.0M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +52.4% | 49,886,000 | $50.9M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +99.0% | 940,950 | $50.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +0.1% | 46,453,000 | $47.5M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +0.4% | 603,491 | $46.5M |
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | DBCV 1.875% 3/1 · principal | Add +0.2% | 45,243,000 | $43.9M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -0.1% | 713,153 | $43.5M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -0.2% | 33,894,000 | $42.1M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -0.2% | 40,161,000 | $41.7M |
| MERIT MEDICAL SYSTEMS IN (MMSI 3 02/01/29) | NOTE 3.000% 2/0 · principal | New | 38,073,000 | $41.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +0.6% | 34,024,000 | $40.8M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Reduce -44.0% | 21,949,000 | $40.0M |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | Reduce -18.8% | 27,438,000 | $39.1M |
| REVOLUTION MEDICINES INC (RVMD 0.5 05/01/33) | NOTE 0.500% 5/0 · principal | New | 30,344,000 | $38.1M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 38,891,000 | $38.0Mbefore exit |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Add +0.0% | 31,800,000 | $37.0M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Reduce -0.2% | 33,259,000 | $36.9M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Reduce -0.1% | 32,598,000 | $35.9M |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | Add +10.7% | 21,499,000 | $34.9M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -0.6% | 26,167,000 | $34.7M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 20,318,000 | $34.7M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -0.2% | 33,241,000 | $31.9M |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | Reduce -0.1% | 27,113,000 | $31.7M |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | New | 19,004,000 | $31.6M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 6,638,000 | $31.5Mbefore exit |
| CLOUDFLARE INC (NET 0 06/15/30) | NOTE 6/1 · principal | New | 24,872,000 | $31.5M |
| UNITY SOFTWARE INC (U 0 03/15/30) | NOTE 3/1 · principal | Add +0.0% | 26,904,000 | $30.5M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | Reduce -0.2% | 645,801 | $29.1M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Reduce -0.3% | 28,031,000 | $29.0M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Reduce -0.1% | 19,118,000 | $28.3M |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | Reduce -14.0% | 17,529,000 | $28.0M |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | Reduce -0.4% | 28,590,000 | $27.5M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.3% | 20,806 | $26.1M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Add +0.1% | 26,167,000 | $25.8M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -0.3% | 26,434,000 | $25.7M |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | Add +581.9% | 20,457,000 | $24.5M |
| DOORDASH INC (DASH 0 05/15/30) | NOTE 5/1 · principal | New | 24,710,000 | $24.4M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | Reduce -0.9% | 24,911,000 | $24.0M |
Showing the first 50 of 85.
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 | 19 | $252.3M | BTT, NINE, IAU, MYN, MHD |
| Q1 2026 | 27 | $267.2M | BTT, IAU, NINE, MYN, MHD |
| Q4 2025 | 39 | $319.0M | IAU, TALO, BTT, MHD, GPOR |
| Q3 2025 | 45 | $399.6M | IAU, BTT, TALO, MHD, GPOR |
| Q2 2025 | 49 | $482.1M | XNEAX, NZF, IAU, BTT, NVG |
| Q1 2025 | 49 | $513.6M | XNEAX, IAU, NZF, BTT, TALO |
| Q4 2024 | 49 | $498.8M | XNEAX, NZF, IAU, TALO, NVG |
| Q3 2024 | 48 | $581.2M | XNEAX, IAU, DHR, NZF, NVG |
| Q2 2024 | 48 | $564.9M | XNEAX, GPOR, IAU, TALO, DHR |
| Q1 2024 | 43 | $556.8M | GPOR, TALO, IAU, DHR, BTT |