Sona Asset Management (us) LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Sona Asset Management (us) LLC reported 42 stock positions worth $1.3 billion. Its top holding was Ishr Ibx Usd Invgd CB ETF-Ui (LQD) at 52.1% of the portfolio, followed by Discover Financial Services (DFS, 6.8%) and iShares 7-10 Year Treasury B (IEF, 6.4%). Compared with Q4 2024, it opened 21 new positions, sold out of 14, added to 7 and reduced 10. The biggest buy was a new position in Ishr Ibx Usd Invgd CB ETF-Ui (LQD) and the biggest sale an exit from Kellanova (K).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001856405
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0000905148-25-001742 ↗ filed May 15, 2025
Holdings Value
Holdings 42 stocks · $1.3B
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 52.13% | 6,042,278 | $656.7M | New |
| DFS Discover Financial Services | 6.79% | 501,279 | $85.6M | Add +100.3% |
| IEF iShares 7-10 Year Treasury B | 6.43% | 850,000 | $81.1M | New |
| OMC Omnicom Group | 3.67% | 557,198 | $46.2M | New |
| VCIT Vanguard Int-Term Corporate | 3.57% | 550,000 | $45.0M | New |
| FYBR Frontier Communications Pare | 2.64% | 927,037 | $33.2M | Reduce -37.1% |
| HEES H&E Equipment Services Inc. | 2.41% | 320,849 | $30.4M | New |
| ANSS Ansys Inc. | 2.35% | 93,384 | $29.6M | Add +9.4% |
| AZEK The Azek Co. Inc. | 2.32% | 598,200 | $29.2M | New |
| CCIR Cohen Circle Acquisitio Class A | 1.65% | 1,859,033 | $20.8M | New |
| COOP Mr Cooper Group Inc. | 1.57% | 165,242 | $19.8M | New |
| AMED Amedisys Inc. | 1.52% | 206,220 | $19.1M | New |
| AAL American Airlines Group Inc. | 1.26% | 1,500,000 | $15.8M | New |
| EVRI Everi Holdings Inc. | 1.20% | 1,104,322 | $15.1M | Add +37.3% |
| TGI Triumph Group Inc. | 1.06% | 527,386 | $13.4M | New |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.93% | 4,400,000 | $11.7M | Add +12.8% |
| IHS Ihs Holding Ltd. | 0.87% | 2,102,674 | $11.0M | Reduce -37.9% |
| BTDR Bitdeer Technologies Group-A | 0.84% | 1,202,648 | $10.6M | New |
| TLT iShares 20+ Year Treasury BD | 0.83% | 115,000 | $10.5M | New |
| BABA Alibaba Group Holding-SP ADR | 0.78% | 74,186 | $9.8M | Add +48.4% |
| GFR Greenfire Resources Ltd. | 0.65% | 1,398,855 | $8.2M | No change |
| EQT Eqt Corp. | 0.64% | 150,059 | $8.0M | Reduce -55.5% |
| BLCO Bausch + Lomb Corp. | 0.47% | 406,267 | $5.9M | New |
| SPR Spirit Aerosystems Hold Class A | 0.42% | 152,348 | $5.2M | Reduce -48.7% |
| INTC Intel Corp. | 0.35% | 193,000 | $4.4M | New |
| UNIT Uniti Group LLC Com SHS | 0.33% | 820,548 | $4.1M | Reduce -31.6% |
| NN Nextnav Inc. | 0.26% | 272,422 | $3.3M | Add +742.0% |
| CZR Caesars Entertainment Inc. | 0.25% | 125,000 | $3.1M | Reduce -50.0% |
| BERY Berry Global Group Inc. | 0.24% | 43,614 | $3.0M | Reduce -81.7% |
| ARGT Global X MSCI Argentina ETF | 0.24% | 37,500 | $3.0M | Add +50.0% |
| CCJ Cameco Corp. | 0.23% | 70,000 | $2.9M | No change |
| DLR Digital Realty Trust Inc. | 0.20% | 17,600 | $2.5M | Reduce -32.0% |
| EHTH Ehealth Inc. | 0.16% | 300,000 | $2.0M | Reduce -32.8% |
| NET Cloudflare Inc. Class A | 0.16% | 17,600 | $2.0M | New |
| TAC Transalta Corp. | 0.15% | 200,000 | $1.9M | New |
| DDOG Datadog Inc. Class A | 0.13% | 16,500 | $1.6M | New |
| EC Ecopetrol SA-Sponsored ADR | 0.08% | 100,000 | $1.0M | New |
| VRM Vroom Inc. | 0.07% | 29,785 | $876K | New |
| ALRM Alarm.com Holdings Inc. | 0.06% | 14,300 | $796K | Reduce -16.9% |
| VSH Vishay Intertechnology Inc. | 0.04% | 32,300 | $514K | No change |
| TDS Telephone and Data Systems | 0.03% | 9,398 | $364K | New |
| THCH TH International Ltd./Cayman | 0.02% | 100,000 | $293K | No change |
Options reported separately and not counted above: QQQ calls ($187.6M), HYG puts ($157.8M), TLT calls ($154.8M), CWB puts ($64.9M), TLT puts ($54.6M), QQQ puts ($23.4M), X calls ($15.8M), KWEB calls ($12.2M), COF calls ($9.0M), BA puts ($8.5M), CPRI calls ($7.9M), NN calls ($4.7M), and 7 more.
Other holdings (40): bonds, preferreds, convertibles and warrants · $1.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 154,000,000 | $147.3M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 1,650,000 | $121.1M | Add +153.8% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 88,335,000 | $87.0M | Add +4.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 78,500,000 | $78.2M | Add +109.3% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 67,906,000 | $72.1M | Add +106.3% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 71,500,000 | $71.9M | Add +64.4% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 1,400,000 | $67.1M | No change |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 17,635,000 | $55.9M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 53,900,000 | $54.0M | Reduce -29.9% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 51,534,000 | $51.5M | Reduce -13.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 55,363,000 | $51.1M | New |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 45,000,000 | $50.4M | Add +462.5% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 50,275,000 | $49.7M | Reduce -1.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 48,000,000 | $47.0M | Add +10.3% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 900,000 | $43.5M | Reduce -34.5% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 27,500,000 | $33.2M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 25,350,000 | $27.2M | Add +49.1% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 25,000,000 | $25.0M | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 550,000 | $24.9M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 23,230,000 | $20.9M | Add +52.5% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 19,000,000 | $18.8M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 20,074,000 | $18.6M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 17,000,000 | $17.6M | Reduce -32.0% |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | 20,847,000 | $17.5M | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 17,500,000 | $17.2M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 450,000 | $16.3M | Reduce -61.2% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 14,500,000 | $14.3M | Add +81.3% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 15,000,000 | $13.1M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 12,000,000 | $12.8M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 13,250,000 | $12.2M | Add +17.8% |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 7,000,000 | $7.1M | Add +40.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 7,000,000 | $6.2M | Reduce -42.9% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 5,000,000 | $4.9M | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 5,000,000 | $4.7M | Reduce -90.8% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 6,105,000 | $4.1M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 3,000,000 | $2.9M | Reduce -57.1% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 2,500,000 | $2.9M | New |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 200,000 | $452K | No change |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | 25,000 | $45K | New |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 150,000 | $26K | New |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q4 2024 → Q1 2025
| K Kellanova | Sold out | 0.00% | −12.86 |
| FYBR Frontier Communications Pare | Reduce -37.1% | 2.64% | −9.00 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −8.26 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −6.92 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −6.91 |
| BERY Berry Global Group Inc. | Reduce -81.7% | 0.24% | −3.26 |
| EQT Eqt Corp. | Reduce -55.5% | 0.64% | −2.90 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −2.02 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −1.96 |
| SPR Spirit Aerosystems Hold Class A | Reduce -48.7% | 0.42% | −1.89 |
| ALE Allete Inc. | Sold out | 0.00% | −1.79 |
| CZR Caesars Entertainment Inc. | Reduce -50.0% | 0.25% | −1.65 |
| VISN Vistance Networks Inc. | Sold out | 0.00% | −1.62 |
| IHS Ihs Holding Ltd. | Reduce -37.9% | 0.87% | −1.38 |
| UNIT Uniti Group LLC Com SHS | Reduce -31.6% | 0.33% | −1.17 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −1.04 |
| DLR Digital Realty Trust Inc. | Reduce -32.0% | 0.20% | −0.84 |
| EHTH Ehealth Inc. | Reduce -32.8% | 0.16% | −0.80 |
| SLQT Selectquote Inc. | Sold out | 0.00% | −0.65 |
| WULF Terawulf Inc. | Sold out | 0.00% | −0.64 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.25 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.18 |
| MODVQ Modivcare Inc. | Sold out | 0.00% | −0.18 |
| ALRM Alarm.com Holdings Inc. | Reduce -16.9% | 0.06% | −0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 52.13% | +52.13 |
| IEF iShares 7-10 Year Treasury B | New | 6.43% | +6.43 |
| OMC Omnicom Group | New | 3.67% | +3.67 |
| VCIT Vanguard Int-Term Corporate | New | 3.57% | +3.57 |
| HEES H&E Equipment Services Inc. | New | 2.41% | +2.41 |
| AZEK The Azek Co. Inc. | New | 2.32% | +2.32 |
| CCIR Cohen Circle Acquisitio Class A | New | 1.65% | +1.65 |
| COOP Mr Cooper Group Inc. | New | 1.57% | +1.57 |
| AMED Amedisys Inc. | New | 1.52% | +1.52 |
| AAL American Airlines Group Inc. | New | 1.26% | +1.26 |
| TGI Triumph Group Inc. | New | 1.06% | +1.06 |
| BTDR Bitdeer Technologies Group-A | New | 0.84% | +0.84 |
| TLT iShares 20+ Year Treasury BD | New | 0.83% | +0.83 |
| BLCO Bausch + Lomb Corp. | New | 0.47% | +0.47 |
| INTC Intel Corp. | New | 0.35% | +0.35 |
| NET Cloudflare Inc. Class A | New | 0.16% | +0.16 |
| NN Nextnav Inc. | Add +742.0% | 0.26% | +0.15 |
| TAC Transalta Corp. | New | 0.15% | +0.15 |
| DDOG Datadog Inc. Class A | New | 0.13% | +0.13 |
| EC Ecopetrol SA-Sponsored ADR | New | 0.08% | +0.08 |
| VRM Vroom Inc. | New | 0.07% | +0.07 |
| TDS Telephone and Data Systems | New | 0.03% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +48.4% | 0.78% | −0.19 |
| ARGT Global X MSCI Argentina ETF | Add +50.0% | 0.24% | −0.23 |
| OPTU Optimum Communications Inc. Class A | Add +12.8% | 0.93% | −1.21 |
| EVRI Everi Holdings Inc. | Add +37.3% | 1.20% | −1.27 |
| DFS Discover Financial Services | Add +100.3% | 6.79% | −3.07 |
| ANSS Ansys Inc. | Add +9.4% | 2.35% | −4.21 |
Options Activity Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | call | New | 400,000 | $187.6M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -36.5% | 2,000,000 | $157.8M |
| TLT iShares 20+ Year Treasury BD | call | Add +750.0% | 1,700,000 | $154.8M |
| CWB SS SPDR BB Conv Sec ETF | put | New | 847,100 | $64.9M |
| TLT iShares 20+ Year Treasury BD | put | Reduce -60.0% | 600,000 | $54.6M |
| ACI Albertsons Cos Inc. Class A | call | Sold out | 2,125,000 | $41.7Mbefore exit |
| IBIT iShares Bitcoin Trust ETF | put | Sold out | 750,000 | $39.8Mbefore exit |
| EEM iShares MSCI Emerging Market | call | Sold out | 608,600 | $25.5Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | New | 50,000 | $23.4M |
| BAC Bank of America Corp. | put | Sold out | 500,000 | $22.0Mbefore exit |
| INTC Intel Corp. | call | Sold out | 850,000 | $17.0Mbefore exit |
| X United States Steel Corp. | call | Add +200.0% | 375,000 | $15.8M |
| KWEB Kranesh Csi China Internet | call | New | 350,000 | $12.2M |
| COF Capital One Financial Corp. | call | New | 50,000 | $9.0M |
| BA The Boeing Co. | put | New | 50,000 | $8.5M |
| FXI iShares China Large-Cap ETF | call | Sold out | 275,000 | $8.4Mbefore exit |
| CPRI Capri Holdings Ltd. | call | Add +73.2% | 400,000 | $7.9M |
| CAVA Cava Group Inc. | put | Sold out | 60,000 | $6.8Mbefore exit |
| NN Nextnav Inc. | call | Add +285.0% | 385,000 | $4.7M |
| BABA Alibaba Group Holding-SP ADR | call | Sold out | 45,000 | $3.8Mbefore exit |
| MSTR Strategy Inc. | put | Sold out | 13,100 | $3.8Mbefore exit |
| RDUS Radius Recycling Inc. Class A | put | New | 100,000 | $2.9M |
| NVDA Nvidia Corp. | put | Reduce -74.4% | 25,000 | $2.7M |
| CNXC Concentrix Corp. | call | Sold out | 62,500 | $2.7Mbefore exit |
| VALE Vale SA-SP ADR | call | Sold out | 250,000 | $2.2Mbefore exit |
| TRIP Tripadvisor Inc. | call | New | 120,000 | $1.7M |
| X United States Steel Corp. | put | Sold out | 50,000 | $1.7Mbefore exit |
| SWTX Springworks Therapeutics Inc. | call | New | 27,500 | $1.2M |
| AMCR Amcor PLC | call | New | 113,800 | $1.1M |
| ALTM Arcadium Lithium PLC | put | Sold out | 129,300 | $663Kbefore exit |
| MIND MEDICINE MINDMED INC | call | New | 100,000 | $585K |
| NOTE Fiscalnote Holdings Inc. | call | New | 200,000 | $162K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 47,057,000 | $218.0Mbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 154,000,000 | $147.3M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +153.8% | 1,650,000 | $121.1M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 85,000,000 | $108.1Mbefore exit |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +4.1% | 88,335,000 | $87.0M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Add +109.3% | 78,500,000 | $78.2M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Add +106.3% | 67,906,000 | $72.1M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Add +64.4% | 71,500,000 | $71.9M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Sold out | 60,500,000 | $54.3Mbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Reduce -29.9% | 53,900,000 | $54.0M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -13.4% | 51,534,000 | $51.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 55,363,000 | $51.1M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +462.5% | 45,000,000 | $50.4M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 50,286,000 | $50.0Mbefore exit |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Reduce -1.9% | 50,275,000 | $49.7M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +10.3% | 48,000,000 | $47.0M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -34.5% | 900,000 | $43.5M |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | Sold out | 12,335,000 | $33.4Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | New | 27,500,000 | $33.2M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Add +49.1% | 25,350,000 | $27.2M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 25,000,000 | $25.0M |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | Sold out | 32,058,000 | $24.6Mbefore exit |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | Sold out | 22,000,000 | $21.9Mbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Add +52.5% | 23,230,000 | $20.9M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | New | 19,000,000 | $18.8M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | New | 20,074,000 | $18.6M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -32.0% | 17,000,000 | $17.6M |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | New | 20,847,000 | $17.5M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 17,500,000 | $17.2M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -61.2% | 450,000 | $16.3M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 15,096,000 | $15.0Mbefore exit |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +81.3% | 14,500,000 | $14.3M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | New | 12,000,000 | $12.8M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Sold out | 10,000,000 | $12.7Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Add +17.8% | 13,250,000 | $12.2M |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 10,000,000 | $8.9Mbefore exit |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | Add +40.0% | 7,000,000 | $7.1M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Reduce -42.9% | 7,000,000 | $6.2M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | New | 5,000,000 | $4.9M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Reduce -90.8% | 5,000,000 | $4.7M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Sold out | 3,500,000 | $3.8Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -57.1% | 3,000,000 | $2.9M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 2,500,000 | $2.9M |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | New | 25,000 | $45K |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | New | 150,000 | $26K |
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 |