Sona Asset Management (us) LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Sona Asset Management (us) LLC reported 15 stock positions worth $101.8 million. Its top holding was Janus Henderson B-BBB Clo Et (JBBB) at 33.8% of the portfolio, followed by Greenfire Resources (GFR, 33.5%) and Ihs (IHS, 8.7%). Compared with Q1 2024, it opened 7 new positions, sold out of 11, added to 4 and reduced 3. The biggest buy was a new position in Janus Henderson B-BBB Clo Et (JBBB) and the biggest sale an exit from Dauch (DCH).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001856405
- Portfolio Value
- $101.8M (Q2 2024)
- SEC Filing
- 0001856405-24-000006 ↗ filed Aug 14, 2024
Holdings Value
Holdings 15 stocks · $101.8M
| JBBB Janus Henderson B-BBB Clo Et | 33.81% | 700,000 | $34.4M | New |
| GFR Greenfire Resources Ltd. | 33.48% | 5,051,417 | $34.1M | Add +0.6% |
| IHS Ihs Holding Ltd. | 8.72% | 2,773,796 | $8.9M | Reduce -6.7% |
| CZR Caesars Entertainment Inc. | 6.24% | 160,000 | $6.4M | Add +33.3% |
| CTLT Catalent Inc. | 4.14% | 75,000 | $4.2M | New |
| LTH Life Time Group Holdings Inc. | 4.07% | 220,000 | $4.1M | Reduce -32.3% |
| CPRI Capri Holdings Ltd. | 3.25% | 100,000 | $3.3M | New |
| FLR Fluor Corp. | 2.42% | 56,642 | $2.5M | Add +10.4% |
| COIN Coinbase Global Inc. Class A | 1.09% | 5,000 | $1.1M | Reduce -51.0% |
| ALRM Alarm.com Holdings Inc. | 1.07% | 17,200 | $1.1M | New |
| SNAP Snap Inc. Class A | 0.60% | 36,500 | $606K | New |
| THCH TH International Ltd./Cayman | 0.37% | 500,000 | $374K | No change |
| NVEI Nuvei Corp.-Subordinate VTG | 0.37% | 11,530 | $373K | New |
| BMRN Biomarin Pharmaceutical Inc. | 0.36% | 4,400 | $362K | Add +33.3% |
| IEF iShares 7-10 Year Treasury B | 0.02% | 210 | $20K | New |
Options reported separately and not counted above: IEF calls ($632.1M), HYG puts ($563.1M), LQD puts ($482.0M), IWM puts ($49.4M), QQQ calls ($47.9M), NVDA puts ($37.1M), USO puts ($35.8M), TLT puts ($27.5M), CPRI calls ($27.1M), HYG calls ($23.1M), EMB calls ($22.1M), HA calls ($9.9M), and 3 more.
Other holdings (43): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 49,557,000 | $160.1M | Add +65.2% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 81,142,000 | $73.3M | Add +53.0% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 66,000,000 | $70.9M | Add +9.1% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 63,275,000 | $60.5M | Add +9.1% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 1,200,000 | $55.3M | No change |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 55,635,000 | $55.0M | Add +44.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 1,100,000 | $54.2M | New |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 52,500,000 | $52.6M | Add +2.9% |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 17,635,000 | $50.3M | Add +35.6% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 675,000 | $44.3M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 41,750,000 | $43.2M | Add +108.8% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 45,500,000 | $41.5M | Reduce -20.9% |
| ZILLOW GROUP INC (Z 0.75 09/01/24) | NOTE 0.750% 9/0 · principal | 33,190,000 | $36.1M | Reduce -33.6% |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 34,444,000 | $32.2M | Reduce -40.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 24,000,000 | $25.2M | New |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | 18,000,000 | $23.7M | New |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | 22,000,000 | $21.2M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | 20,000,000 | $21.1M | New |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 13,672,000 | $16.6M | Add +19.7% |
| LIVE NATION ENTERTAINMEN (LYV 2 02/15/25) | NOTE 2.000% 2/1 · principal | 16,000,000 | $16.5M | Add +18.5% |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 17,000,000 | $16.3M | Reduce -14.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 11,500,000 | $13.4M | Reduce -23.5% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 13,750,000 | $12.8M | Add +22.2% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 12,000,000 | $12.6M | New |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 26,200,000 | $12.5M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 12,000,000 | $11.6M | Reduce -29.4% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 12,000,000 | $11.6M | New |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 5,000,000 | $10.6M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 11,250,000 | $9.8M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 11,500,000 | $9.3M | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 9,131,000 | $8.3M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 9,000,000 | $7.4M | Add +80.0% |
| THE REALREAL INC (REAL 3 06/15/25) | NOTE 3.000% 6/1 · principal | 7,742,000 | $7.3M | No change |
| EXACT SCIENCES CORP (EXAS 1 01/15/25) | NOTE 1.000% 1/1 · principal | 6,500,000 | $6.3M | Add +44.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 5,000,000 | $4.8M | New |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 5,000,000 | $4.7M | New |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 6,105,000 | $4.4M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 5,000,000 | $4.0M | New |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 2,500,000 | $2.6M | New |
| VROOM INC (VRM 0.75 07/01/26) | NOTE 0.750% 7/0 · principal | 2,000,000 | $1.1M | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 200,000 | $490K | New |
| PRENW Prenetics Global Ltd. -CW26 | *W EXP 05/18/202 | 186,538 | $3K | No change |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 51,582 | $2K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q1 2024 → Q2 2024
| DCH Dauch Corporation | Sold out | 0.00% | −7.75 |
| GPN Global Payments Inc. | Sold out | 0.00% | −7.73 |
| AMBP Ardagh Metal Packaging SA | Sold out | 0.00% | −4.68 |
| CCL Carnival Corp. | Sold out | 0.00% | −4.01 |
| BUR Burford Capital Ltd. | Sold out | 0.00% | −3.49 |
| IHS Ihs Holding Ltd. | Reduce -6.7% | 8.72% | −2.74 |
| FWRD Forward Air Corp. | Sold out | 0.00% | −2.38 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −2.30 |
| DAN Dana Inc. | Sold out | 0.00% | −2.22 |
| PENN Penn Entertainment Inc. | Sold out | 0.00% | −1.99 |
| COIN Coinbase Global Inc. Class A | Reduce -51.0% | 1.09% | −1.86 |
| LTH Life Time Group Holdings Inc. | Reduce -32.3% | 4.07% | −1.44 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −1.40 |
| VTNRQ Vertex Energy Inc. | Sold out | 0.00% | −0.34 |
Portfolio Buys Q1 2024 → Q2 2024
| JBBB Janus Henderson B-BBB Clo Et | New | 33.81% | +33.81 |
| CTLT Catalent Inc. | New | 4.14% | +4.14 |
| CPRI Capri Holdings Ltd. | New | 3.25% | +3.25 |
| ALRM Alarm.com Holdings Inc. | New | 1.07% | +1.07 |
| GFR Greenfire Resources Ltd. | Add +0.6% | 33.48% | +0.74 |
| SNAP Snap Inc. Class A | New | 0.60% | +0.60 |
| CZR Caesars Entertainment Inc. | Add +33.3% | 6.24% | +0.51 |
| NVEI Nuvei Corp.-Subordinate VTG | New | 0.37% | +0.37 |
| FLR Fluor Corp. | Add +10.4% | 2.42% | +0.05 |
| BMRN Biomarin Pharmaceutical Inc. | Add +33.3% | 0.36% | +0.04 |
| IEF iShares 7-10 Year Treasury B | New | 0.02% | +0.02 |
Options Activity Q1 2024 → Q2 2024
| IEF iShares 7-10 Year Treasury B | call | Add +121.3% | 6,750,000 | $632.1M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -43.2% | 7,300,000 | $563.1M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Add +95.7% | 4,500,000 | $482.0M |
| EMB iShares JP Morgan Usd Emergi | put | Sold out | 1,450,000 | $130.0Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 187,500 | $98.1Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 564,000 | $53.4Mbefore exit |
| IWM iShares Russell 2000 ETF | put | New | 243,500 | $49.4M |
| QQQ Invesco QQQ Trust Series 1 | call | New | 100,000 | $47.9M |
| NVDA Nvidia Corp. | put | New | 300,500 | $37.1M |
| USO United States Oil Fund LP | put | New | 450,000 | $35.8M |
| TLT iShares 20+ Year Treasury BD | put | New | 300,000 | $27.5M |
| CPRI Capri Holdings Ltd. | call | New | 819,600 | $27.1M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | New | 300,000 | $23.1M |
| EMB iShares JP Morgan Usd Emergi | call | New | 250,000 | $22.1M |
| HA Hawaiian Holdings Inc. | call | New | 800,000 | $9.9M |
| FXI iShares China Large-Cap ETF | call | Add +35.7% | 380,000 | $9.9M |
| ABR Arbor Realty Trust Inc. | put | Sold out | 625,000 | $8.3Mbefore exit |
| CPRI Capri Holdings Ltd. | put | New | 190,000 | $6.3M |
| CAVA Cava Group Inc. | put | New | 25,000 | $2.3M |
| MPT Medical Properties Trust Inc. | call | Sold out | 300,000 | $1.4Mbefore 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 +65.2% | 49,557,000 | $160.1M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Add +53.0% | 81,142,000 | $73.3M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +9.1% | 66,000,000 | $70.9M |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Add +9.1% | 63,275,000 | $60.5M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +44.0% | 55,635,000 | $55.0M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 1,100,000 | $54.2M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +2.9% | 52,500,000 | $52.6M |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Add +35.6% | 17,635,000 | $50.3M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +108.8% | 41,750,000 | $43.2M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -20.9% | 45,500,000 | $41.5M |
| ZILLOW GROUP INC (Z 0.75 09/01/24) | NOTE 0.750% 9/0 · principal | Reduce -33.6% | 33,190,000 | $36.1M |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | NOTE 1.500% 8/1 · principal | Sold out | 35,000,000 | $34.5Mbefore exit |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Reduce -40.5% | 34,444,000 | $32.2M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Sold out | 37,000,000 | $31.7Mbefore exit |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Sold out | 18,702,000 | $29.7Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 24,000,000 | $26.9Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 24,000,000 | $25.2M |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | Sold out | 25,000,000 | $24.6Mbefore exit |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | New | 18,000,000 | $23.7M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | New | 20,000,000 | $21.1M |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Sold out | 20,000,000 | $17.5Mbefore exit |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Add +19.7% | 13,672,000 | $16.6M |
| LIVE NATION ENTERTAINMEN (LYV 2 02/15/25) | NOTE 2.000% 2/1 · principal | Add +18.5% | 16,000,000 | $16.5M |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | Reduce -14.1% | 17,000,000 | $16.3M |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | Sold out | 16,000,000 | $15.1Mbefore exit |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -23.5% | 11,500,000 | $13.4M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Add +22.2% | 13,750,000 | $12.8M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 12,000,000 | $12.6M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -29.4% | 12,000,000 | $11.6M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | New | 12,000,000 | $11.6M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 10,000,000 | $10.8Mbefore exit |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | New | 5,000,000 | $10.6M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Sold out | 7,500,000 | $10.4Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | New | 11,250,000 | $9.8M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 7,500,000 | $8.0Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Add +80.0% | 9,000,000 | $7.4M |
| EXACT SCIENCES CORP (EXAS 1 01/15/25) | NOTE 1.000% 1/1 · principal | Add +44.4% | 6,500,000 | $6.3M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 5,000,000 | $4.8M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | New | 5,000,000 | $4.7M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | New | 5,000,000 | $4.0M |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | New | 2,500,000 | $2.6M |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | New | 200,000 | $490K |
| PUCKW Goal Acquisitions Corp.-CW | *W EXP 99/99/999 | Sold out | 276,070 | $5Kbefore exit |
| PPHPW PHP Ventures Acquisiti -CW22 | *W EXP 08/16/202 | Sold out | 31,600 | $727before 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 | 299 | $2.1B | ECHO, WBD, RSP, KYIV, SHAZ |
| Q1 2026 | 244 | $1.7B | ECHO, WBD, AES, LQD, IGSB |
| Q4 2025 | 80 | $1.6B | LQD, NSC, IGSB, TXNM, KYIV |
| Q3 2025 | 77 | $777.5M | EMB, TXNM, IGSB, NSC, LQD |
| Q2 2025 | 55 | $1.3B | LQD, IGSB, VCIT, IEF, FYBR |
| Q1 2025 | 42 | $1.3B | LQD, DFS, IEF, OMC, VCIT |
| Q4 2024 | 35 | $439.6M | K, FYBR, DFS, ALTM, JAAA |
| Q3 2024 | 30 | $271.8M | CTLT, APLD, JNPR, WULF, GFR |
| Q2 2024 | 15 | $101.8M | JBBB, GFR, IHS, CZR, CTLT |
| Q1 2024Amended | 19 | $91.6M | GFR, IHS, DCH, GPN, CZR |