MacKay Shields LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), MacKay Shields LLC reported 43 stock positions worth $556.8 million. Its top holding was Gulfport Energy (GPOR) at 23.7% of the portfolio, followed by Talos Energy (TALO, 7.9%) and iShares Gold Trust (IAU, 7.0%). Compared with Q4 2023, it opened 5 new positions, sold out of 1, added to 15 and reduced 3. The biggest buy was Nuveen Municipal Credit (NZF, shares +1220%) and the biggest sale Gulfport Energy (GPOR, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000061227
- Portfolio Value
- $556.8M (Q1 2024)
- SEC Filing
- 0001085146-24-002185 ↗ filed May 3, 2024
Holdings Value
Holdings 43 stocks · $556.8M
| GPOR Gulfport Energy Corp. | 23.70% | 822,621 | $132.0M | Reduce -22.9% |
| TALO Talos Energy Inc. | 7.89% | 3,152,973 | $43.9M | No change |
| IAU iShares Gold Trust | 7.01% | 929,500 | $39.0M | No change |
| DHR Danaher Corp. | 6.74% | 150,217 | $37.5M | No change |
| BTT BlackRock 2030 Muni TRGT TRM | 5.30% | 1,401,701 | $29.5M | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 3.63% | 1,826,315 | $20.2M | Add +96.3% |
| FET Forum Energy Technologies Inc. | 3.49% | 973,239 | $19.4M | Reduce -0.8% |
| CHRD Chord Energy Corp. | 3.07% | 95,748 | $17.1M | No change |
| MHD BlackRock Muniholdings Fund | 2.94% | 1,355,430 | $16.4M | Add +100.3% |
| NZF Nuveen Municipal Credit Inc. | 2.74% | 1,244,278 | $15.2M | Add +1220.0% |
| MUJ BlackRock Munihold NJ QLTY | 2.39% | 1,142,887 | $13.3M | Add +10.0% |
| ARCC Ares Capital Corp. | 2.28% | 610,224 | $12.7M | New |
| MHN BlackRock Muniholding NY QLT | 2.11% | 1,111,764 | $11.8M | No change |
| GLD SPDR Gold Shares | 2.04% | 55,336 | $11.4M | No change |
| XMQTX BlackRock Muniyield QLTY II | 1.87% | 992,093 | $10.4M | No change |
| VOD Vodafone Group PLC-SP ADR | 1.86% | 1,166,022 | $10.4M | New |
| KOS Kosmos Energy Ltd. | 1.61% | 1,503,656 | $9.0M | No change |
| XMUIX BlackRock Municipal Income | 1.60% | 739,246 | $8.9M | Add +841.0% |
| MYN BlackRock Muniyield NY QLTY | 1.54% | 814,624 | $8.6M | No change |
| NVG Nuveen Amt-FR Muni CRDT | 1.54% | 704,223 | $8.6M | Add +1336.4% |
| NRK Nuveen NY Amt-FR Muni Inc. | 1.54% | 786,331 | $8.5M | Add +40.0% |
| MIY BlackRock Muniyield Mi QLTY | 1.37% | 664,819 | $7.7M | No change |
| XMVFX BlackRock Munivest Fund | 1.30% | 1,021,622 | $7.2M | Add +2199.7% |
| XMHIX Pioneer Muni High Inc. TR | 1.23% | 771,885 | $6.8M | Add +113.9% |
| XPMAX Pioneer Municipal High Inc. | 1.10% | 752,356 | $6.1M | Add +45.4% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.88% | 442,529 | $4.9M | New |
| MQY BlackRock Muniyield Quality | 0.79% | 357,837 | $4.4M | No change |
| XMYDX BlackRock Muniyield Fund | 0.76% | 382,105 | $4.2M | Add +1965.4% |
| VFL Abrdn National Municipal Inc. | 0.75% | 401,695 | $4.2M | No change |
| XENWX Eaton Vance New York Municip | 0.74% | 426,471 | $4.1M | No change |
| NAD Nuveen Quality Municipal Inc. | 0.73% | 356,454 | $4.1M | New |
| EIM Eaton Vance Municipal Bond | 0.66% | 353,219 | $3.7M | New |
| BFK BlackRock Municipal Inc. TRST | 0.61% | 326,226 | $3.4M | Add +1374.1% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.50% | 233,310 | $2.8M | No change |
| MFM Aberdeen Municipal Income | 0.32% | 333,155 | $1.8M | No change |
| KTF DWS Municipal Income Trust | 0.29% | 176,016 | $1.6M | No change |
| BLE BlackRock Muni Inc. TR II | 0.27% | 137,056 | $1.5M | Add +362.2% |
| MUC BlackRock Munihold Ca QLTY | 0.26% | 131,593 | $1.4M | Add +225.9% |
| VST Vistra Corp. | 0.17% | 13,918 | $969K | No change |
| XBNYX BlackRock New York Muni Inc. | 0.15% | 78,984 | $837K | No change |
| VPV Invesco Pa Val Muni Inc. | 0.11% | 60,475 | $620K | No change |
| NINEQ Nine Energy Service Inc. | 0.07% | 181,474 | $405K | Reduce -19.6% |
| BYM BlackRock Muni Inc. QLTY | 0.07% | 32,501 | $377K | Add +26.9% |
Other holdings (97): bonds, preferreds, convertibles and warrants · $3.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 108,273,000 | $113.4M | Reduce -0.4% |
| PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25) | NOTE 0.250% 5/1 · principal | 36,290,000 | $103.9M | Reduce -0.9% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 62,365,000 | $103.3M | Reduce -0.7% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | 77,864,000 | $83.0M | Reduce -0.6% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 75,700,000 | $75.0M | Reduce -0.4% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 25,869,000 | $73.9M | Reduce -0.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 69,831,000 | $72.5M | Reduce -0.2% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 75,160,000 | $69.5M | Reduce -0.5% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 63,741,000 | $64.7M | Reduce -0.3% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 56,879,000 | $63.1M | Reduce -0.5% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 68,066,000 | $62.6M | Reduce -0.6% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 43,085,000 | $62.4M | New |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 43,066,000 | $55.8M | Reduce -1.1% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 60,779,000 | $53.6M | Reduce -0.5% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 47,923,000 | $51.9M | Reduce -0.2% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 56,015,000 | $51.3M | Reduce -0.8% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 1,256,003 | $49.6M | Reduce -0.2% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 41,077,000 | $49.4M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 49,795,000 | $49.2M | New |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 50,735,000 | $49.1M | Reduce -7.7% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 748,146 | $48.0M | Reduce -0.3% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 44,911,000 | $46.1M | Reduce -0.3% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 41,732,000 | $45.9M | Reduce -0.5% |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 15,187,000 | $45.0M | Reduce -0.1% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 41,826,000 | $44.4M | Reduce -0.7% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 45,002,000 | $43.8M | Reduce -0.7% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 22,458,000 | $43.5M | Reduce -0.1% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 38,182,000 | $43.0M | Reduce -1.0% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 53,897,000 | $42.6M | Add +0.0% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 36,986,000 | $39.7M | Reduce -0.2% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 36,517,000 | $38.6M | Reduce -0.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 30,936 | $37.0M | Reduce -0.2% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 35,903,000 | $36.9M | Add +21.3% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 26,064,000 | $36.8M | Reduce -1.2% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 39,880,000 | $36.8M | Reduce -0.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 29,904,000 | $36.8M | New |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 29,858,000 | $36.7M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 28,710 | $35.1M | Reduce 0.0% |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | 34,549,394 | $34.6M | Reduce -0.6% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 25,210,000 | $34.4M | Reduce -1.0% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 53,965,000 | $33.9M | Reduce -0.8% |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 35,546,000 | $33.9M | Reduce -0.2% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 30,766,000 | $33.8M | Add +25.4% |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | 30,746,000 | $32.6M | Reduce -0.1% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 29,857,000 | $29.5M | Reduce -0.6% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 21,571,000 | $28.3M | Reduce -1.0% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 413,950 | $27.3M | Reduce -14.3% |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | 15,397,000 | $27.0M | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 31,998,000 | $27.0M | Reduce -0.8% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 27,920,000 | $25.7M | Reduce -1.4% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 27,305,000 | $24.4M | Reduce -1.2% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 25,274,000 | $24.2M | Reduce -0.9% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 26,721,000 | $23.9M | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 24,415,000 | $23.8M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 24,758,000 | $23.2M | Reduce -0.3% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 18,864,000 | $23.0M | Reduce -1.3% |
| MODEL N INC (MODN 1.875 03/15/28) | NOTE 1.875% 3/1 · principal | 23,393,000 | $22.5M | New |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 7,855,000 | $22.4M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 29,085,000 | $22.0M | Add +268.7% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 19,250,000 | $21.4M | No change |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 22,112,000 | $21.1M | Reduce -23.5% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 21,999,000 | $20.4M | Reduce -0.7% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 22,550,000 | $19.8M | Add +107.8% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 25,808,000 | $19.7M | No change |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 20,089,000 | $18.9M | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 21,321,000 | $17.2M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 14,250,000 | $16.6M | No change |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 27,554,000 | $16.2M | Reduce -0.3% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 19,367,000 | $15.9M | New |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 16,822,000 | $15.4M | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 10,000,000 | $13.6M | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 13,848,000 | $13.3M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 16,122,000 | $13.0M | New |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | 11,879,000 | $12.2M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 12,569,000 | $11.3M | Reduce -1.3% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 11,938,000 | $11.3M | Reduce -0.2% |
| INTERDIGITAL INC (IDCC 2 06/01/24) | NOTE 2.000% 6/0 · principal | 7,695,000 | $10.0M | No change |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 10,435,000 | $9.8M | Reduce -0.1% |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | 8,847,000 | $8.7M | Reduce -2.5% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 9,110,000 | $8.7M | No change |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 8,015,000 | $8.1M | Reduce -0.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 6,531,000 | $7.3M | Reduce -5.0% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 7,585,000 | $7.2M | No change |
| NCL CORPORATION LTD (NCLH 6 05/15/24) | NOTE 6.000% 5/1 · principal | 4,724,000 | $7.2M | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 7,129,000 | $6.8M | Reduce -4.1% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 6,646,000 | $6.3M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 5,833,000 | $5.4M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 4,089,000 | $4.8M | Reduce -5.0% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 3,782,000 | $4.0M | Reduce -2.3% |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 3,555,000 | $3.6M | Add +39.4% |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 3,125,000 | $2.9M | Reduce -1.1% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 650,000 | $648K | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 500,000 | $480K | New |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 480,000 | $437K | No change |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 45,000 | $38K | No change |
| CHEFS' WAREHOUSE THE (CHEF 1.875 12/01/24) | NOTE 1.875%12/0 · principal | 27,000 | $28K | No change |
| EVERBRIDGE INC (EVBG 0.125 12/15/24) | NOTE 0.125%12/1 · principal | 17,000 | $17K | Reduce -99.3% |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| NZF Nuveen Municipal Credit Inc. | Add +1220.0% | 2.74% | +2.49 |
| ARCC Ares Capital Corp. | New | 2.28% | +2.28 |
| VOD Vodafone Group PLC-SP ADR | New | 1.86% | +1.86 |
| NVG Nuveen Amt-FR Muni CRDT | Add +1336.4% | 1.54% | +1.41 |
| XMUIX BlackRock Municipal Income | Add +841.0% | 1.60% | +1.40 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +96.3% | 3.63% | +1.39 |
| XMVFX BlackRock Munivest Fund | Add +2199.7% | 1.30% | +1.23 |
| MHD BlackRock Muniholdings Fund | Add +100.3% | 2.94% | +1.18 |
| NAC Nuveen Ca QLTY Muni Inc. | New | 0.88% | +0.88 |
| NAD Nuveen Quality Municipal Inc. | New | 0.73% | +0.73 |
| XMYDX BlackRock Muniyield Fund | Add +1965.4% | 0.76% | +0.72 |
| EIM Eaton Vance Municipal Bond | New | 0.66% | +0.66 |
| BFK BlackRock Municipal Inc. TRST | Add +1374.1% | 0.61% | +0.56 |
| XMHIX Pioneer Muni High Inc. TR | Add +113.9% | 1.23% | +0.54 |
| NRK Nuveen NY Amt-FR Muni Inc. | Add +40.0% | 1.54% | +0.24 |
| BLE BlackRock Muni Inc. TR II | Add +362.2% | 0.27% | +0.20 |
| XPMAX Pioneer Municipal High Inc. | Add +45.4% | 1.10% | +0.19 |
| MUC BlackRock Munihold Ca QLTY | Add +225.9% | 0.26% | +0.16 |
| BYM BlackRock Muni Inc. QLTY | Add +26.9% | 0.07% | +0.00 |
| MUJ BlackRock Munihold NJ QLTY | Add +10.0% | 2.39% | −0.21 |
Notes & Other Activity Q4 2023 → Q1 2024
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Reduce -0.4% | 108,273,000 | $113.4M |
| PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25) | NOTE 0.250% 5/1 · principal | Reduce -0.9% | 36,290,000 | $103.9M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Reduce -0.7% | 62,365,000 | $103.3M |
| DISH NETWORK CORP (DISH 2.375 03/15/24) | NOTE 2.375% 3/1 · principal | Sold out | 89,354,000 | $88.8Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | Reduce -0.6% | 77,864,000 | $83.0M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -0.4% | 75,700,000 | $75.0M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -0.8% | 25,869,000 | $73.9M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -0.2% | 69,831,000 | $72.5M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Reduce -0.5% | 75,160,000 | $69.5M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -0.3% | 63,741,000 | $64.7M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -0.5% | 56,879,000 | $63.1M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Reduce -0.6% | 68,066,000 | $62.6M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | New | 43,085,000 | $62.4M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Reduce -1.1% | 43,066,000 | $55.8M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Reduce -0.5% | 60,779,000 | $53.6M |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | Reduce -0.2% | 47,923,000 | $51.9M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Reduce -0.8% | 56,015,000 | $51.3M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -0.2% | 1,256,003 | $49.6M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | New | 41,077,000 | $49.4M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 49,795,000 | $49.2M |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | Reduce -7.7% | 50,735,000 | $49.1M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -0.3% | 748,146 | $48.0M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Reduce -0.3% | 44,911,000 | $46.1M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -0.5% | 41,732,000 | $45.9M |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | Reduce -0.1% | 15,187,000 | $45.0M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Reduce -0.7% | 41,826,000 | $44.4M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -0.7% | 45,002,000 | $43.8M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Reduce -0.1% | 22,458,000 | $43.5M |
| SPLUNK INC (SPLK 1.125 09/15/25) | NOTE 1.125% 9/1 · principal | Sold out | 39,253,000 | $43.3Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -1.0% | 38,182,000 | $43.0M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +0.0% | 53,897,000 | $42.6M |
| EQT CORP (EQT 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 14,948,000 | $39.8Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -0.2% | 36,986,000 | $39.7M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -0.1% | 36,517,000 | $38.6M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.2% | 30,936 | $37.0M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +21.3% | 35,903,000 | $36.9M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Reduce -1.2% | 26,064,000 | $36.8M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Reduce -0.1% | 39,880,000 | $36.8M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | New | 29,904,000 | $36.8M |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | New | 29,858,000 | $36.7M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce 0.0% | 28,710 | $35.1M |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | Reduce -0.6% | 34,549,394 | $34.6M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Reduce -1.0% | 25,210,000 | $34.4M |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | Reduce -0.8% | 53,965,000 | $33.9M |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | Reduce -0.2% | 35,546,000 | $33.9M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Add +25.4% | 30,766,000 | $33.8M |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | Reduce -0.1% | 30,746,000 | $32.6M |
| VIAVI SOLUTIONS INC (VIAV 1 03/01/24) | NOTE 1.000% 3/0 · principal | Sold out | 32,404,000 | $31.8Mbefore exit |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Reduce -0.6% | 29,857,000 | $29.5M |
| AES CORP/THE (AES 6.875 02/15/24) | UNIT 02/15/2024 | Sold out | 375,335 | $28.5Mbefore exit |
Showing the first 50 of 88.
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 |