Ssi Investment Management LLC

Name: SSI INVESTMENT MANAGEMENT LLC 13F holdings, Q2 2024
Creator: SSI INVESTMENT MANAGEMENT LLC
Published: 2024-07-26

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), Ssi Investment Management LLC reported 87 stock positions worth $252.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 37.7% of the portfolio, followed by Vanguard Total Intl Stock (VXUS, 6.6%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 6.2%). Compared with Q1 2024, it opened 5 new positions, sold out of 5, added to 1 and reduced 50. The biggest buy was a new position in Janus Henderson Aaa Clo ETF (JAAA) and the biggest sale an exit from Invesco S&P 500 Equal Weight (RSP).

Most Recent 13F: Q2 2026
Location: Los Angeles, CA
CIK: 0000938487
Portfolio Value: $252.8M (Q2 2024)
SEC Filing: 0001172661-24-002937 ↗ filed Jul 26, 2024

Holdings Value

Holdings 87 stocks · $252.8M


IVV iShares Core S&P 500 ETF	37.73%	174,267	$95.4M	Reduce -1.1%
VXUS Vanguard Total Intl Stock	6.59%	276,279	$16.7M	Reduce -3.9%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	6.17%	145,551	$15.6M	Reduce -3.0%
FLOT iShares Floating Rate Bond E	3.47%	171,684	$8.8M	Reduce -1.0%
BKLN Invesco Senior Loan ETF	3.18%	381,917	$8.0M	Add +51.5%
IEF iShares 7-10 Year Treasury B	2.73%	73,720	$6.9M	Reduce -44.9%
JAAA Janus Henderson Aaa Clo ETF	2.65%	131,882	$6.7M	New
LMBS First Trust Low Duration Opp	2.62%	138,038	$6.6M	Reduce -1.1%
IYW iShares Ustechnology ETF	2.35%	39,420	$5.9M	Reduce -1.8%
BUFR FT Vest Lad Buffervetf-Usd I	2.08%	181,704	$5.3M	Reduce -1.9%
MSFT Microsoft Corp.	2.05%	11,586	$5.2M	Reduce -0.1%
ICVT iShares Convertible Bond ETF	1.97%	63,419	$5.0M	New
IEMG iShares Core MSCI Emerging	1.79%	84,503	$4.5M	Reduce -3.0%
QUAL iShares MSCI USA Quality Fac	1.65%	24,420	$4.2M	New
SHYG iShares 0-5 YR HY Corp. Bond	1.61%	96,713	$4.1M	New
NVDA Nvidia Corp.	1.59%	32,485	$4.0M	No change
IWN iShares Russell 2000 Value E	1.49%	24,755	$3.8M	Reduce -37.0%
HDEF Xtrackers MSCI Eafe High Div	1.39%	144,211	$3.5M	Reduce -2.1%
AAPL Apple Inc.	1.31%	15,740	$3.3M	Reduce -0.1%
GOOGL Alphabet Inc. Class A	1.11%	15,451	$2.8M	Reduce -0.1%
AMZN Amazon.com Inc.	1.02%	13,404	$2.6M	Reduce -0.1%
INDA iShares MSCI India ETF	1.02%	46,379	$2.6M	Reduce -2.0%
META Meta Platforms Inc. Class A	0.79%	3,944	$2.0M	Reduce -0.1%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.55%	20,288	$1.4M	Reduce -0.1%
KMB Kimberly-Clark Corp.	0.47%	8,685	$1.2M	No change
BRK.B Berkshire Hathaway Inc. Class B	0.43%	2,701	$1.1M	Reduce -0.1%
AVGO Broadcom Inc.	0.41%	647	$1.0M	No change
L Loews Corp.	0.39%	13,232	$989K	No change
JPM JPMorgan Chase & Co.	0.34%	4,212	$852K	Reduce -0.1%
PG The Procter & Gamble Co.	0.32%	4,858	$801K	Reduce -0.1%
COST Costco Wholesale Corp.	0.31%	921	$783K	No change
UNH Unitedhealth Group Inc.	0.30%	1,481	$754K	No change
IWD iShares Russell 1000 Value E	0.28%	4,020	$701K	No change
LLY Eli Lilly & Co.	0.26%	736	$666K	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.26%	16,624	$661K	Reduce -0.1%
SGOV iShares 0-3 Month Treasury B	0.26%	6,429	$647K	Reduce -89.7%
JNJ Johnson & Johnson	0.24%	4,111	$601K	Reduce -0.1%
V Visa Inc. Class A	0.23%	2,212	$581K	Reduce -0.1%
IYR iShares US Real Estate ETF	0.21%	6,019	$528K	Reduce -0.1%
AMAT Applied Materials Inc.	0.21%	2,233	$527K	Reduce -0.0%
MRK Merck & Co. Inc.	0.21%	4,251	$526K	Reduce -0.1%
ORCL Oracle Corp.	0.20%	3,609	$510K	Reduce -0.1%
ETN Eaton Corp. PLC	0.19%	1,512	$474K	No change
KO The Coca-Cola Co.	0.18%	7,109	$452K	Reduce -0.1%
UNP Union Pacific Corp.	0.18%	1,988	$450K	No change
AMGN Amgen Inc.	0.18%	1,438	$449K	No change
MA Mastercard Inc. Class A	0.17%	999	$441K	No change
TSLA Tesla Inc.	0.17%	2,200	$435K	Reduce -0.1%
ICE Intercontinental Exchange Inc.	0.17%	3,112	$426K	Reduce -0.1%
WFC Wells Fargo & Co.	0.16%	6,878	$408K	Reduce -0.1%
PEP Pepsico Inc.	0.16%	2,458	$405K	Reduce -0.0%
ABBV Abbvie Inc.	0.16%	2,346	$402K	Reduce -0.1%
HD Home Depot Inc.	0.16%	1,147	$395K	No change
ABT Abbott Laboratories	0.15%	3,765	$391K	Reduce -0.1%
KKR KKR & Co. Inc.	0.15%	3,706	$390K	Reduce -0.1%
CRM Salesforce Inc.	0.15%	1,514	$389K	No change
CSCO Cisco Systems Inc.	0.15%	8,023	$381K	Reduce -0.1%
PFE Pfizer Inc.	0.15%	13,485	$377K	Reduce -0.1%
DHR Danaher Corp.	0.15%	1,489	$372K	No change
AGG iShares Core U.S. Aggregate	0.15%	3,809	$370K	No change
MCD McDonald's Corp.	0.15%	1,444	$368K	No change
CVX Chevron Corp.	0.14%	2,329	$364K	Reduce -0.1%
ADBE Adobe Inc.	0.13%	603	$335K	No change
DHI D.R. Horton Inc.	0.13%	2,370	$334K	No change
CAT Caterpillar Inc.	0.13%	992	$330K	No change
TMO Thermo Fisher Scientific Inc.	0.13%	573	$317K	No change
UBER Uber Technologies Inc.	0.12%	4,168	$303K	Reduce -0.1%
MU Micron Technology Inc.	0.12%	2,267	$298K	Reduce -0.1%
WMT Walmart Inc.	0.11%	4,261	$289K	Reduce -0.2%
NOW ServiceNow Inc.	0.11%	365	$287K	No change
CMCSA Comcast Corp. Class A	0.11%	7,254	$284K	Reduce -0.1%
PH Parker Hannifin Corp.	0.11%	546	$276K	No change
HON Honeywell International Inc.	0.11%	1,274	$272K	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.11%	2,675	$266K	Reduce -0.1%
FWONK Liberty Media Corp. Class C	0.10%	3,505	$252K	Reduce -0.1%
ACN Accenture PLC Class A	0.10%	809	$245K	No change
LRCX Lam Research Corp.	0.09%	221	$235K	No change
LIN Linde PLC	0.09%	535	$235K	No change
BA The Boeing Co.	0.09%	1,285	$234K	No change
AIG American International Group	0.09%	3,124	$232K	Reduce -0.1%
INTU Intuit Inc.	0.09%	352	$231K	No change
VLO Valero Energy Corp.	0.09%	1,474	$231K	No change
LMT Lockheed Martin Corp.	0.09%	473	$221K	No change
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.09%	1,982	$218K	Reduce -0.1%
MSI Motorola Solutions Inc.	0.08%	527	$203K	New
VZ Verizon Communications Inc.	0.08%	4,881	$201K	Reduce -0.1%
RIG Transocean Ltd.	0.03%	14,133	$76K	Reduce -0.1%

Other holdings (168): bonds, preferreds, convertibles and warrants · $1.0B (not counted above)

Security	Class	Shares / Principal	Value	Change
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	17,199,000	$36.2M	Reduce -6.3%
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	29,068,000	$29.3M	Reduce -0.5%
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	NOTE 6.000% 8/1 · principal	7,590,000	$24.5M	Add +32.8%
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	20,338	$24.2M	Reduce -1.7%
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	23,425,000	$23.4M	New
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	19,554,000	$20.5M	New
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26)	SER A MAND CNV	310,520	$20.4M	Reduce -3.3%
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	16,954	$20.3M	Reduce -1.8%
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	8,495,000	$17.9M	Add +18.1%
PALO ALTO NETWORKS (PANW 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	5,240,000	$17.9M	Reduce -17.3%
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	16,401,000	$14.8M	Reduce -17.7%
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	10,138,000	$14.7M	Reduce -1.5%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	10,140,000	$14.5M	Reduce -1.0%
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	14,453,000	$14.5M	No change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	14,249,000	$13.5M	Reduce -1.5%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	14,045,999	$13.5M	Reduce -12.7%
SOUTHERN CO (SO 3.875 12/15/25)	NOTE 3.875%12/1 · principal	12,710,000	$13.0M	No change
ENVESTNET INC (ENV 2.625 12/01/27)	NOTE 2.625%12/0 · principal	11,538,000	$12.4M	Add +31.4%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	10,915,000	$12.1M	Add +34.5%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	14,472,000	$12.0M	Add +4.0%
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	11,959,000	$11.7M	New
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	14,690,000	$11.6M	Add +11.0%
NATERA INC (NTRA 2.25 05/01/27)	NOTE 2.250% 5/0 · principal	3,998,000	$11.3M	Add +85.1%
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	9,127,000	$10.6M	Add +113.7%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	12,599,000	$10.4M	Add +9.8%
CABLE ONE INC (CABO 1.125 03/15/28)	NOTE 1.125% 3/1 · principal	13,738,000	$10.2M	Reduce -2.1%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	10,604,000	$10.1M	No change
MONGODB INC (MDB 0.25 01/15/26)	NOTE 0.250% 1/1 · principal	7,677,000	$10.1M	Reduce -1.4%
AXON ENTERPRISE INC (AXON 0.5 12/15/27)	NOTE 0.500%12/1 · principal	7,294,000	$10.0M	Reduce -1.4%
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26)	NOTE 1.500% 2/1 · principal	10,956,000	$9.9M	Reduce -2.3%
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	8,552,000	$9.8M	Add +36.7%
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28)	NOTE 3.750% 5/1 · principal	6,765,000	$9.8M	New
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	10,773,000	$9.7M	Reduce -2.0%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	11,478,000	$9.7M	Add +18.8%
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	10,402,000	$9.7M	Reduce -12.1%
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	9,182,000	$9.6M	Reduce -37.1%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	7,303,998	$9.4M	Add +36.3%
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26)	NOTE 1.750%12/1 · principal	10,396,000	$9.2M	Reduce -1.1%
TWO HARBORS INV CORP (TWO 6.25 01/15/26)	NOTE 6.250% 1/1 · principal	9,581,000	$9.1M	Add +5.1%
REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27)	NOTE 1.750% 2/1 · principal	13,745,000	$9.0M	Add +16.7%
HUBSPOT INC (HUBS 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	4,327,000	$9.0M	Add +36.0%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	8,680,000	$9.0M	Add +4.7%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	8,472,000	$8.9M	Add +1.9%
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	193,925	$8.9M	Add +86.2%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	7,797,000	$8.5M	Reduce -1.6%
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B)	6.75DP CNV PFD B	149,715	$8.5M	Reduce -12.4%
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29)	NOTE 4.000% 5/0 · principal	6,294,000	$8.4M	New
FRESHPET INC (FRPT 3 04/01/28)	NOTE 3.000% 4/0 · principal	4,239,000	$8.4M	Reduce -0.4%
LENDINGTREE INC (TREE 0.5 07/15/25)	NOTE 0.500% 7/1 · principal	8,828,000	$8.3M	Reduce -9.5%
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	7,977,000	$8.2M	Add +2968.1%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28)	NOTE 1.500% 6/0 · principal	4,578,000	$8.0M	New
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26)	CONVERTIBLE BOND · principal	9,097,000	$8.0M	Add +29.8%
CNX RESOURCES CORP (CNX 2.25 05/01/26)	NOTE 2.250% 5/0 · principal	4,089,000	$7.9M	Add +2590.1%
CYBERARK SOFTWARE LTD (CYBR 0 11/15/24)	NOTE 11/1 · principal	4,511,000	$7.8M	Reduce -29.8%
ATI INC (ATI 3.5 06/15/25)	NOTE 3.500% 6/1 · principal	2,106,000	$7.5M	Reduce -1.2%
RWT HOLDINGS INC (RWT 5.75 10/01/25)	NOTE 5.750%10/0 · principal	7,650,000	$7.4M	No change
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	5,196,000	$7.3M	Reduce -3.0%
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	5,304,000	$7.1M	Reduce -30.6%
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	8,097,000	$7.0M	Add +0.7%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	5,513,999	$6.9M	Reduce -1.3%
IMPINJ INC (PI 1.125 05/15/27)	NOTE 1.125% 5/1 · principal	4,162,000	$6.4M	Reduce -5.4%
PENNYMAC CORP (PMT 5.5 11/01/24)	NOTE 5.500%11/0 · principal	6,324,000	$6.2M	Reduce -39.6%
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	7,143,000	$6.2M	Add +7.0%
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	6,072,000	$6.1M	Add +7.9%
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	5,077,000	$6.1M	Reduce -64.8%
POST HOLDINGS INC (POST 2.5 08/15/27)	NOTE 2.500% 8/1 · principal	5,361,000	$5.9M	Reduce -1.3%
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	5,378,000	$5.9M	Add +49.4%
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	7,614,000	$5.8M	Add +1963.4%
SPOTIFY USA INC (SPOT 0 03/15/26)	NOTE 3/1 · principal	6,047,000	$5.8M	Add +4.2%
BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	4,323,000	$5.8M	New
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	5,339,000	$5.8M	Add +1211.8%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29)	NOTE 1.500%12/1 · principal	5,896,000	$5.7M	New
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28)	NOTE 1.750%12/0 · principal	4,598,000	$5.6M	Reduce -1.9%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	5,250,000	$5.5M	Add +12.9%
NRG ENERGY INC (NRG 2.75 06/01/48)	DBCV 2.750% 6/0 · principal	2,833,000	$5.4M	Add +61.9%
MAKEMYTRIP LIMITED (MMYT 0 02/15/28)	NOTE 2/1 · principal	2,455,000	$5.4M	Reduce -29.5%
SEMTECH CORP (SMTC 1.625 11/01/27)	NOTE 1.625%11/0 · principal	5,120,000	$5.4M	Add +66.0%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	4,730,000	$5.3M	Reduce -2.3%
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	9,385,000	$5.2M	Reduce -33.3%
PENNYMAC CORP (PMT 5.5 03/15/26)	NOTE 5.500% 3/1 · principal	5,425,000	$5.2M	Add +126.0%
RBC BEARINGS INC (RBC 5 10/15/24 A)	5% CNV PFD SR A	41,215	$5.0M	Reduce -35.4%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29)	NOTE 3.625% 4/1 · principal	4,341,000	$5.0M	Reduce -12.9%
STRIDE INC (LRN 1.125 09/01/27)	NOTE 1.125% 9/0 · principal	3,482,000	$5.0M	Reduce -1.2%
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	3,726,000	$4.9M	Reduce -0.4%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	4,315,000	$4.8M	Reduce -0.6%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	4,690,000	$4.7M	Reduce -0.5%
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	4,857,000	$4.7M	New
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29)	NOTE 2.875% 2/1 · principal	4,250,000	$4.7M	Add +13.3%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	4,681,000	$4.6M	Reduce -37.4%
GREENBRIER COS INC (GBX 2.875 04/15/28)	NOTE 2.875% 4/1 · principal	4,193,000	$4.5M	Add +16.4%
GLAUKOS CORP (GKOS 2.75 06/15/27)	NOTE 2.750% 6/1 · principal	2,061,000	$4.5M	New
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	4,610,000	$4.4M	Reduce -1.4%
HCI GROUP INC (HCI 4.75 06/01/42)	NOTE 4.750% 6/0 · principal	3,389,000	$4.4M	New
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	2,817,000	$4.4M	Add +1.8%
WISDOMTREE INC (WT 5.75 08/15/28)	NOTE 5.750% 8/1 · principal	3,500,000	$4.3M	No change
VARONIS SYSTEM INC (VRNS 1.25 08/15/25)	NOTE 1.250% 8/1 · principal	2,598,000	$4.2M	Reduce -1.7%
REDFIN CORP (RDFN 0.5 04/01/27)	NOTE 0.500% 4/0 · principal	7,661,000	$4.2M	Reduce -5.0%
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	5,000,000	$4.2M	No change
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	4,376,000	$3.9M	Add +12.1%
VERINT SYSTEMS INC (VRNT 0.25 04/15/26)	NOTE 0.250% 4/1 · principal	4,135,000	$3.8M	No change
PDD HOLDINGS INC (PDD 0 12/01/25)	NOTE 12/0 · principal	3,811,000	$3.7M	New
CHEGG INC (CHGG 0.125 03/15/25)	NOTE 0.125% 3/1 · principal	4,000,000	$3.7M	Add +14.3%
PERFICIENT INC (PRFT 0.125 11/15/26)	NOTE 0.125%11/1 · principal	3,750,000	$3.6M	No change
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	4,500,000	$3.6M	Add +50.0%
PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28)	NOTE 3.250% 4/0 · principal	1,228,000	$3.4M	Reduce -0.4%
DAYFORCE INC (DAY 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	3,616,000	$3.3M	No change
TURNING POINT BRANDS INC (TPB 2.5 07/15/24)	NOTE 2.500% 7/1 · principal	3,300,000	$3.3M	Add +120.0%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	3,500,000	$3.2M	No change
HAEMONETICS CORP (HAE 0 03/01/26)	NOTE 3/0 · principal	3,531,000	$3.2M	Reduce -1.1%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	3,500,000	$3.0M	New
H WORLD GROUP LTD (HTHT 3 05/01/26)	NOTE 3.000% 5/0 · principal	2,798,000	$3.0M	New
ZILLOW GROUP INC (Z 2.75 05/15/25)	NOTE 2.750% 5/1 · principal	2,891,000	$2.9M	Reduce -82.3%
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	3,141,000	$2.9M	Add +54.3%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	2,570,000	$2.9M	Reduce -2.6%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27)	NOTE 0.250% 3/0 · principal	2,962,000	$2.8M	No change
NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	65,190	$2.7M	Reduce -84.2%
JAMF HOLDING CORP (JAMF 0.125 09/01/26)	NOTE 0.125% 9/0 · principal	3,000,000	$2.6M	No change
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	2,683,000	$2.6M	New
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	2,610,000	$2.6M	Reduce -7.7%
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	3,112,000	$2.6M	Reduce -68.6%
I3 VERTICALS LLC (IIIV 1 02/15/25)	NOTE 1.000% 2/1 · principal	2,600,000	$2.5M	No change
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	2,086,000	$2.5M	New
FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27)	NOTE 0.375% 1/1 · principal	3,000,000	$2.5M	New
BENTLEY SYSTEMS (BSY 0.375 07/01/27)	NOTE 0.375% 7/0 · principal	2,750,000	$2.5M	No change
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	2,500,000	$2.3M	Reduce -26.6%
XOMETRY INC (XMTR 1 02/01/27)	NOTE 1.000% 2/0 · principal	3,000,000	$2.2M	No change
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27)	NOTE 5.500% 3/1 · principal	2,500,000	$2.2M	No change
CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28)	NOTE 2.750% 5/0 · principal	2,025,000	$2.2M	No change
AIRBNB INC (ABNB 0 03/15/26)	NOTE 3/1 · principal	2,373,000	$2.2M	Reduce -0.8%
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	2,044,000	$2.0M	New
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25)	NOTE 7.500% 8/0 · principal	2,000,000	$2.0M	No change
BLACKLINE INC (BL 0.125 08/01/24)	NOTE 0.125% 8/0 · principal	2,000,000	$2.0M	New
MESA LABORATORIES INC (MLAB 1.375 08/15/25)	NOTE 1.375% 8/1 · principal	2,000,000	$1.9M	No change
SSR MINING INC (SSRMCN 2.5 04/01/39)	NOTE 2.500% 4/0 · principal	2,000,000	$1.8M	No change
JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24)	NOTE 1.500% 8/1 · principal	1,750,000	$1.7M	Reduce -36.4%
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	1,850,000	$1.7M	No change
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26)	NOTE 0.250% 6/1 · principal	2,000,000	$1.6M	No change
EZCORP INC (EZPW 2.375 05/01/25)	NOTE 2.375% 5/0 · principal	1,660,000	$1.6M	No change
3D SYSTEMS CORP (DDD 0 11/15/26)	NOTE 11/1 · principal	1,750,000	$1.4M	No change
INNOVIVA INC (INVA 2.125 03/15/28)	NOTE 2.125% 3/1 · principal	1,531,000	$1.4M	No change
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	954,000	$1.0M	Reduce -93.6%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	1,046,000	$1.0M	Reduce -70.5%
LIBERTY LATIN AMERICA (LILAK 2 07/15/24)	NOTE 2.000% 7/1 · principal	1,000,000	$991K	No change
SNAP INC (SNAP 0.75 08/01/26)	NOTE 0.750% 8/0 · principal	608,000	$651K	Reduce -93.2%
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	770,000	$613K	Reduce -95.5%
PARSONS CORP (PSN 0.25 08/15/25)	NOTE 0.250% 8/1 · principal	319,000	$578K	Reduce -46.6%
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	496,000	$511K	Reduce -92.3%
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	573,000	$474K	Reduce -1.7%
BURLINGTON STORES INC (BURL 2.25 04/15/25)	NOTE 2.250% 4/1 · principal	394,000	$463K	Reduce -2.0%
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	535,000	$447K	Reduce -1.6%
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	500,000	$444K	No change
ON SEMICONDUCTOR CORP (ON 0 05/01/27)	NOTE 5/0 · principal	305,000	$426K	Reduce -3.8%
CLOUDFLARE INC (NET 0 08/15/26)	NOTE 8/1 · principal	468,000	$425K	Reduce -2.3%
ALLIANT ENERGY CORP (LNT 3.875 03/15/26)	NOTE 3.875% 3/1 · principal	423,000	$416K	Reduce -41.5%
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28)	NOTE 0.250% 2/1 · principal	646,000	$381K	Reduce -7.7%
MIDDLEBY CORP (MIDD 1 09/01/25)	NOTE 1.000% 9/0 · principal	357,000	$380K	Reduce -1.6%
MICROSTRATEGY INC (MSTR 0.75 12/15/25)	NOTE 0.750%12/1 · principal	102,000	$353K	Reduce -65.7%
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	NOTE 0.750% 3/1 · principal	318,000	$308K	Reduce -36.4%
UNITED STATES STEEL CORP (X 5 11/01/26)	NOTE 5.000%11/0 · principal	102,000	$290K	New
MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24)	NOTE 0.125%11/1 · principal	259,000	$273K	Reduce -8.8%
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29)	NOTE 2.875% 6/0 · principal	104,000	$179K	New
PEABODY ENERGY CORP (BTU 3.25 03/01/28)	NOTE 3.250% 3/0 · principal	124,000	$163K	Reduce -2.4%
JBT MAREL CORP (JBTM 0.25 05/15/26)	NOTE 0.250% 5/1 · principal	162,000	$148K	Reduce -76.9%
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25)	NOTE 6.375% 3/0 · principal	92,000	$92K	Reduce -97.3%
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	98,000	$89K	No change
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	44,000	$42K	Reduce -95.1%
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25)	NOTE 12/1 · principal	28,000	$31K	No change
ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25)	NOTE 2.375% 6/0 · principal	10,000	$10K	No change

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q1 2024 → Q2 2024


RSP Invesco S&P 500 Equal Weight	Sold out	0.00%	−2.49
IEF iShares 7-10 Year Treasury B	Reduce -44.9%	2.73%	−2.28
SGOV iShares 0-3 Month Treasury B	Reduce -89.7%	0.26%	−2.24
CWB SS SPDR BB Conv Sec ETF	Sold out	0.00%	−2.14
IWN iShares Russell 2000 Value E	Reduce -37.0%	1.49%	−0.98
TBF Proshares Short 20+ Treasury	Sold out	0.00%	−0.45
LQD Ishr Ibx Usd Invgd CB ETF-Ui	Reduce -3.0%	6.17%	−0.31
VXUS Vanguard Total Intl Stock	Reduce -3.9%	6.59%	−0.27
INTC Intel Corp.	Sold out	0.00%	−0.09
LOW Lowe's Cos Inc.	Sold out	0.00%	−0.09
HDEF Xtrackers MSCI Eafe High Div	Reduce -2.1%	1.39%	−0.05
LMBS First Trust Low Duration Opp	Reduce -1.1%	2.62%	−0.04
FLOT iShares Floating Rate Bond E	Reduce -1.0%	3.47%	−0.04
DIS The Walt Disney Co.	Reduce -0.1%	0.11%	−0.02
JNJ Johnson & Johnson	Reduce -0.1%	0.24%	−0.02
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.1%	0.43%	−0.02
V Visa Inc. Class A	Reduce -0.1%	0.23%	−0.01
ABT Abbott Laboratories	Reduce -0.1%	0.15%	−0.01
MRK Merck & Co. Inc.	Reduce -0.1%	0.21%	−0.01
CMCSA Comcast Corp. Class A	Reduce -0.1%	0.11%	−0.01
ABBV Abbvie Inc.	Reduce -0.1%	0.16%	−0.01
PEP Pepsico Inc.	Reduce -0.0%	0.16%	−0.01
CSCO Cisco Systems Inc.	Reduce -0.1%	0.15%	−0.01
UBER Uber Technologies Inc.	Reduce -0.1%	0.12%	−0.01
IYR iShares US Real Estate ETF	Reduce -0.1%	0.21%	−0.01
RIG Transocean Ltd.	Reduce -0.1%	0.03%	−0.01
AIG American International Group	Reduce -0.1%	0.09%	−0.01
VZ Verizon Communications Inc.	Reduce -0.1%	0.08%	−0.00
CVX Chevron Corp.	Reduce -0.1%	0.14%	−0.00
ICE Intercontinental Exchange Inc.	Reduce -0.1%	0.17%	−0.00
PFE Pfizer Inc.	Reduce -0.1%	0.15%	+0.00
JPM JPMorgan Chase & Co.	Reduce -0.1%	0.34%	+0.00
WFC Wells Fargo & Co.	Reduce -0.1%	0.16%	+0.00
PG The Procter & Gamble Co.	Reduce -0.1%	0.32%	+0.00
KKR KKR & Co. Inc.	Reduce -0.1%	0.15%	+0.01
KO The Coca-Cola Co.	Reduce -0.1%	0.18%	+0.01
TJX TJX Companies Inc.	Reduce -0.1%	0.09%	+0.01
FWONK Liberty Media Corp. Class C	Reduce -0.1%	0.10%	+0.01
IEMG iShares Core MSCI Emerging	Reduce -3.0%	1.79%	+0.01
BAC Bank of America Corp.	Reduce -0.1%	0.26%	+0.01
MU Micron Technology Inc.	Reduce -0.1%	0.12%	+0.01
WMT Walmart Inc.	Reduce -0.2%	0.11%	+0.01
TSLA Tesla Inc.	Reduce -0.1%	0.17%	+0.02
XLU St Sr Utl SL SE SPDR ETF-Usd	Reduce -0.1%	0.55%	+0.02
ORCL Oracle Corp.	Reduce -0.1%	0.20%	+0.02
AMAT Applied Materials Inc.	Reduce -0.0%	0.21%	+0.03
META Meta Platforms Inc. Class A	Reduce -0.1%	0.79%	+0.03
BUFR FT Vest Lad Buffervetf-Usd I	Reduce -1.9%	2.08%	+0.03
INDA iShares MSCI India ETF	Reduce -2.0%	1.02%	+0.06
AMZN Amazon.com Inc.	Reduce -0.1%	1.02%	+0.07

Portfolio Buys Q1 2024 → Q2 2024


JAAA Janus Henderson Aaa Clo ETF	New	2.65%	+2.65
ICVT iShares Convertible Bond ETF	New	1.97%	+1.97
QUAL iShares MSCI USA Quality Fac	New	1.65%	+1.65
SHYG iShares 0-5 YR HY Corp. Bond	New	1.61%	+1.61
BKLN Invesco Senior Loan ETF	Add +51.5%	3.18%	+1.07
MSI Motorola Solutions Inc.	New	0.08%	+0.08

Notes & Other Activity Q1 2024 → Q2 2024


BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	Reduce -6.3%	17,199,000	$36.2M
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	Reduce -0.5%	29,068,000	$29.3M
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	NOTE 6.000% 8/1 · principal	Add +32.8%	7,590,000	$24.5M
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	Reduce -1.7%	20,338	$24.2M
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	New	23,425,000	$23.4M
PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25)	NOTE 0.250% 5/1 · principal	Sold out	8,121,000	$23.2Mbefore exit
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	New	19,554,000	$20.5M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26)	SER A MAND CNV	Reduce -3.3%	310,520	$20.4M
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Reduce -1.8%	16,954	$20.3M
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	Add +18.1%	8,495,000	$17.9M
PALO ALTO NETWORKS (PANW 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	Reduce -17.3%	5,240,000	$17.9M
DEXCOM INC (DXCM 0.25 11/15/25)	NOTE 0.250%11/1 · principal	Sold out	15,414,000	$16.9Mbefore exit
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	Reduce -17.7%	16,401,000	$14.8M
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	Reduce -1.5%	10,138,000	$14.7M
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	Reduce -1.0%	10,140,000	$14.5M
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	Reduce -1.5%	14,249,000	$13.5M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	Reduce -12.7%	14,045,999	$13.5M
ENVESTNET INC (ENV 2.625 12/01/27)	NOTE 2.625%12/0 · principal	Add +31.4%	11,538,000	$12.4M
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	Add +34.5%	10,915,000	$12.1M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	Add +4.0%	14,472,000	$12.0M
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	New	11,959,000	$11.7M
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	Add +11.0%	14,690,000	$11.6M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	Sold out	12,315,000	$11.4Mbefore exit
NATERA INC (NTRA 2.25 05/01/27)	NOTE 2.250% 5/0 · principal	Add +85.1%	3,998,000	$11.3M
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	Add +113.7%	9,127,000	$10.6M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Add +9.8%	12,599,000	$10.4M
CABLE ONE INC (CABO 1.125 03/15/28)	NOTE 1.125% 3/1 · principal	Reduce -2.1%	13,738,000	$10.2M
MONGODB INC (MDB 0.25 01/15/26)	NOTE 0.250% 1/1 · principal	Reduce -1.4%	7,677,000	$10.1M
AXON ENTERPRISE INC (AXON 0.5 12/15/27)	NOTE 0.500%12/1 · principal	Reduce -1.4%	7,294,000	$10.0M
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26)	NOTE 1.500% 2/1 · principal	Reduce -2.3%	10,956,000	$9.9M
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	Add +36.7%	8,552,000	$9.8M
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28)	NOTE 3.750% 5/1 · principal	New	6,765,000	$9.8M
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26)	NOTE 0.750% 8/0 · principal	Sold out	9,358,000	$9.7Mbefore exit
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	Reduce -2.0%	10,773,000	$9.7M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	Add +18.8%	11,478,000	$9.7M
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	Reduce -12.1%	10,402,000	$9.7M
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	Reduce -37.1%	9,182,000	$9.6M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	Add +36.3%	7,303,998	$9.4M
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26)	NOTE 1.750%12/1 · principal	Reduce -1.1%	10,396,000	$9.2M
TWO HARBORS INV CORP (TWO 6.25 01/15/26)	NOTE 6.250% 1/1 · principal	Add +5.1%	9,581,000	$9.1M
REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27)	NOTE 1.750% 2/1 · principal	Add +16.7%	13,745,000	$9.0M
HUBSPOT INC (HUBS 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	Add +36.0%	4,327,000	$9.0M
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	Add +4.7%	8,680,000	$9.0M
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	Add +1.9%	8,472,000	$8.9M
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	Add +86.2%	193,925	$8.9M
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	Reduce -1.6%	7,797,000	$8.5M
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B)	6.75DP CNV PFD B	Reduce -12.4%	149,715	$8.5M
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29)	NOTE 4.000% 5/0 · principal	New	6,294,000	$8.4M
FRESHPET INC (FRPT 3 04/01/28)	NOTE 3.000% 4/0 · principal	Reduce -0.4%	4,239,000	$8.4M
LENDINGTREE INC (TREE 0.5 07/15/25)	NOTE 0.500% 7/1 · principal	Reduce -9.5%	8,828,000	$8.3M

Showing the first 50 of 156.

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	70	$290.8M	IVV, LQD, SPHY, JAAA, JMTG
Q1 2026	219	$1.2B	IVV, WESTERN DIGITAL CORP (WDC 3 11/15/28), NEXTERA ENERGY CAPITAL (NEE 3 03/01/27), UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028), LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30)
Q4 2025	68	$267.6M	IVV, LQD, VXUS, IEMG, IYW
Q3 2025	67	$264.5M	IVV, LQD, IEMG, VXUS, IYW
Q2 2025	66	$248.0M	IVV, LQD, IYW, VXUS, JAAA
Q1 2025	88	$247.2M	IVV, LQD, VXUS, IEF, JAAA
Q4 2024	89	$279.7M	IVV, VXUS, LQD, JAAA, BKLN
Q3 2024	90	$262.1M	IVV, VXUS, LQD, JAAA, IEF
Q2 2024	87	$252.8M	IVV, VXUS, LQD, FLOT, BKLN
Q1 2024	87	$252.6M	IVV, VXUS, LQD, IEF, FLOT