Zazove Associates LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Zazove Associates LLC reported 28 stock positions worth $56.6 million. Its top holding was Kayne Anderson Energy Infra (KYN) at 12.4% of the portfolio, followed by Granite Ridge Resources (GRNT, 11.6%) and CVR Partners (UAN, 10.4%). Compared with Q1 2024, it opened 6 new positions, sold out of 8, added to 2 and reduced 4. The biggest buy was a new position in Amprius Technologies (AMPX) and the biggest sale an exit from Nuveen Credit Strategies (XJQCX).
- Most Recent 13F
- Q2 2026
- Location
- INCLINE VILLAGE, NV
- CIK
- 0001009012
- Portfolio Value
- $56.6M (Q2 2024)
- SEC Filing
- 0001420506-24-001462 ↗ filed Aug 14, 2024
Holdings Value
Holdings 28 stocks · $56.6M
| KYN Kayne Anderson Energy Infra | 12.42% | 680,443 | $7.0M | Reduce -13.0% |
| GRNT Granite Ridge Resources Inc. | 11.59% | 1,036,321 | $6.6M | No change |
| UAN CVR Partners LP | 10.39% | 77,700 | $5.9M | Add +1.3% |
| BHR Braemar Hotels & Resorts Inc. | 9.47% | 2,101,511 | $5.4M | No change |
| URBAN ONE INC | 9.21% | 3,472,585 | $5.2M | Add +3.4% |
| VUSB Vanguard Ultra Short Bond Et | 8.75% | 100,000 | $5.0M | No change |
| CCO Clear Channel Outdoor Holdin | 5.64% | 2,262,294 | $3.2M | No change |
| CMLSQ Cumulus Media Inc. Class A | 5.26% | 1,458,428 | $3.0M | No change |
| GDL GDL Fund | 5.24% | 378,222 | $3.0M | No change |
| STKL Sunopta Inc. | 4.51% | 472,242 | $2.6M | No change |
| AMPX Amprius Technologies Inc. | 2.48% | 1,104,409 | $1.4M | New |
| OSISKO DEVELOPMENT CORP | 2.06% | 625,200 | $1.2M | No change |
| URBAN ONE INC | 1.97% | 560,859 | $1.1M | Reduce -4.3% |
| HDSN Hudson Technologies Inc. | 1.94% | 125,000 | $1.1M | No change |
| THCH TH International Ltd./Cayman | 1.82% | 1,376,465 | $1.0M | No change |
| SKIN Skinhealth Systems Inc. filed as THE BEAUTY HEALTH COMPANY | 1.16% | 342,404 | $657K | No change |
| HTZ Hertz Global Hldgs Inc. | 1.01% | 162,417 | $573K | New |
| NCMI National Cinemedia Inc. | 1.01% | 130,126 | $571K | No change |
| PFIX Simplify Interest Rate Hedge | 1.00% | 11,854 | $567K | Reduce -11.9% |
| BFLY Butterfly Network Inc. | 0.83% | 555,749 | $467K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.73% | 4,500 | $413K | New |
| SGOV iShares 0-3 Month Treasury B | 0.73% | 4,100 | $413K | New |
| TCSGQ Container Store Group Inc. | 0.45% | 470,410 | $254K | No change |
| ET Energy Transfer LP | 0.14% | 5,000 | $81K | Reduce -66.7% |
| WFRD Weatherford International PL | 0.10% | 467 | $57K | No change |
| PEO Adams Natural Resources Fund | 0.08% | 1,800 | $42K | No change |
| MIR Mirion Technologies Inc. | 0.01% | 461 | $5K | New |
| POLESTAR AUTOMOTIVE HLDG UK | 0.01% | 24,495 | $3K | New |
Other holdings (104): bonds, preferreds, convertibles and warrants · $820.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 63,320,000 | $66.6M | New |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 47,154,000 | $49.3M | Add +16.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 46,145,000 | $46.8M | Add +10.1% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 47,620,000 | $46.6M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 47,150,000 | $45.2M | Reduce -8.1% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 44,186,000 | $44.8M | Add +10.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 42,080,000 | $40.6M | Reduce -8.8% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 37,465,000 | $37.4M | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 31,265,000 | $28.3M | Reduce -9.4% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 21,860,000 | $25.5M | Add +774.4% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 23,204,000 | $25.5M | Add +4.5% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 23,595,000 | $25.2M | Reduce -3.4% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 20,430,000 | $22.0M | Reduce -10.8% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 23,811,000 | $21.8M | Reduce -15.5% |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 18,752,000 | $19.1M | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 17,230,000 | $18.5M | New |
| PETIQ INC (PETQ 4 06/01/26) | NOTE 4.000% 6/0 · principal | 15,885,000 | $17.0M | Reduce -5.3% |
| BRAEMAR HOTELS & RESORTS (BHR 4.5 06/01/26) | NOTE 4.500% 6/0 · principal | 18,040,000 | $16.5M | Reduce -12.0% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 13,635,000 | $15.2M | Add +4.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 14,550,000 | $14.1M | Add +3.4% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 10,600,000 | $12.9M | New |
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | 12,010,000 | $12.1M | Reduce -4.6% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 10,675,000 | $11.0M | Add +433.8% |
| BROOKDALE SENIOR LIVING (BKD 2 10/15/26) | NOTE 2.000%10/1 · principal | 10,730,000 | $10.9M | Reduce -4.3% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 10,155,000 | $9.1M | Reduce -20.9% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 9,085,000 | $8.6M | Add +81.7% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 7,325,000 | $8.1M | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 4,600,000 | $7.1M | Reduce -8.0% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 5,855,000 | $6.8M | Reduce -2.5% |
| WESTW Westrock Coffee Holdings- 27 | *W EXP 08/29/202 | 3,063,529 | $6.6M | Add +0.0% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 5,999,000 | $5.7M | Add +2309.2% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,000,000 | $4.9M | Reduce -26.7% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 4,975,000 | $4.9M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 2,500,000 | $4.8M | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 4,185,000 | $4.2M | Reduce -93.0% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 2,870,000 | $4.2M | No change |
| INNOVATE CORP (VATE 7.5 08/01/26 *) | NOTE 7.500% 8/0 · principal | 11,643,000 | $4.0M | Reduce -4.6% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 1,910,000 | $3.4M | New |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 3,245,000 | $3.3M | Add +9.4% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 2,500,000 | $3.1M | No change |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | 2,500,000 | $3.0M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 3,000,000 | $3.0M | No change |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 3,000,000 | $2.9M | New |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 1,258,513 | $2.9M | No change |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 3,101,000 | $2.8M | Reduce -6.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 3,130,000 | $2.8M | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 2,000,000 | $2.6M | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 3,270,000 | $2.5M | Reduce -32.4% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 2,500,000 | $2.5M | No change |
| PAGERDUTY INC. (PD 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 2,500,000 | $2.4M | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 2,000,000 | $2.2M | No change |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 101,190 | $2.1M | Reduce -72.4% |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 1,250,000 | $1.8M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,670,000 | $1.8M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 2,000,000 | $1.7M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 1,720,000 | $1.7M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 1,140,000 | $1.6M | Reduce -20.3% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 1,470,000 | $1.6M | Add +11.4% |
| CUTERA INC (CUTR 2.25 06/01/28) | NOTE 2.250% 6/0 · principal | 7,140,000 | $1.4M | No change |
| CUTERA INC (CUTR 4 06/01/29) | NOTE 4.000% 6/0 · principal | 7,775,000 | $1.4M | No change |
| CHEFS' WAREHOUSE THE (CHEF 1.875 12/01/24) | NOTE 1.875%12/0 · principal | 1,313,000 | $1.4M | No change |
| PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) | NOTE 2.250% 2/1 · principal | 1,000,000 | $1.3M | No change |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 1,116,070 | $1.2M | Add +1.7% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 440,617 | $1.1M | Reduce -33.5% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 800,000 | $1.1M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 1,000,000 | $789K | No change |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 750,000 | $703K | Reduce -89.6% |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 343,683 | $509K | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 420,000 | $460K | Reduce -88.0% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 489,000 | $444K | No change |
| LSEAW Landsea Homes Corp.-CW23 | *W EXP 01/08/202 | 2,194,348 | $438K | No change |
| SMR.WS Nuscale Power Co. -CW27 | *W EXP 05/02/202 | 145,897 | $415K | Add +144.2% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 300,000 | $286K | New |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 300,000 | $282K | New |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 287,000 | $273K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 9,266 | $230K | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 249,000 | $223K | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 242,000 | $223K | No change |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 249,000 | $221K | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 248,000 | $218K | No change |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 467,080 | $217K | New |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 207,000 | $199K | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 207,000 | $190K | Reduce -98.3% |
| WHOLE EARTH BRANDS INC | *W EXP 06/25/202 | 3,385,807 | $167K | Add +0.2% |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 199,000 | $159K | No change |
| ASTSW Ast Spacemobile Inc.-CW24 | *W EXP 04/06/202 | 37,651 | $158K | New |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | 158,000 | $146K | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 167,000 | $146K | No change |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | 113,332 | $113K | Reduce -17.8% |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 668,646 | $110K | New |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 | 270,640 | $101K | New |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 220,000 | $79K | No change |
| T1 ENERGY INC | *W EXP 07/09/202 | 346,411 | $50K | No change |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 1,334,846 | $44K | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 434 | $20K | No change |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 22,000 | $20K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 9,100 | $13K | New |
| JSPRW Jasper Therapeutics Inc.-CW26 | *W EXP 09/24/202 | 65,456 | $13K | New |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | 399,748 | $10K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 10,000 | $9K | New |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 150,602 | $6K | No change |
| FOACW Finance of America Cos -CW26 | *W EXP 04/08/202 | 502,865 | $5K | No change |
| AIIOW NWTN Inc. -CW27 | *W EXP 11/11/202 | 64,571 | $4K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 25,171 | $1K | No change |
Total filed on the 13F, all lines: $876.7M.
Portfolio Sells Q1 2024 → Q2 2024
| XJQCX Nuveen Credit Strategies Inc. | Sold out | 0.00% | −2.12 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.67 |
| URBAN ONE INC | Reduce -4.3% | 1.97% | −0.49 |
| XFRAX BlackRock Fltng RT Inc. Strat | Sold out | 0.00% | −0.42 |
| AFT Apollo Senior Floating Rate | Sold out | 0.00% | −0.32 |
| ET Energy Transfer LP | Reduce -66.7% | 0.14% | −0.22 |
| XPHDX Pioneer Floating Rate Fund | Sold out | 0.00% | −0.10 |
| JFR Nuveen Floating Rate Income | Sold out | 0.00% | −0.06 |
| CURI Curiositystream Inc. | Sold out | 0.00% | −0.01 |
| GETY Getty Images Holdings Inc. | Sold out | 0.00% | −0.00 |
| PFIX Simplify Interest Rate Hedge | Reduce -11.9% | 1.00% | +0.07 |
| KYN Kayne Anderson Energy Infra | Reduce -13.0% | 12.42% | +0.26 |
Portfolio Buys Q1 2024 → Q2 2024
| AMPX Amprius Technologies Inc. | New | 2.48% | +2.48 |
| UAN CVR Partners LP | Add +1.3% | 10.39% | +1.02 |
| HTZ Hertz Global Hldgs Inc. | New | 1.01% | +1.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.73% | +0.73 |
| SGOV iShares 0-3 Month Treasury B | New | 0.73% | +0.73 |
| MIR Mirion Technologies Inc. | New | 0.01% | +0.01 |
| POLESTAR AUTOMOTIVE HLDG UK | New | 0.01% | +0.01 |
| URBAN ONE INC | Add +3.4% | 9.21% | −1.44 |
Notes & Other Activity Q1 2024 → Q2 2024
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 63,320,000 | $66.6M |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | Add +16.9% | 47,154,000 | $49.3M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +10.1% | 46,145,000 | $46.8M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 47,620,000 | $46.6M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -8.1% | 47,150,000 | $45.2M |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | Add +10.4% | 44,186,000 | $44.8M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -8.8% | 42,080,000 | $40.6M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | New | 37,465,000 | $37.4M |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | Reduce -9.4% | 31,265,000 | $28.3M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +774.4% | 21,860,000 | $25.5M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +4.5% | 23,204,000 | $25.5M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Reduce -3.4% | 23,595,000 | $25.2M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -10.8% | 20,430,000 | $22.0M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | Reduce -15.5% | 23,811,000 | $21.8M |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | New | 18,752,000 | $19.1M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | New | 17,230,000 | $18.5M |
| PETIQ INC (PETQ 4 06/01/26) | NOTE 4.000% 6/0 · principal | Reduce -5.3% | 15,885,000 | $17.0M |
| BRAEMAR HOTELS & RESORTS (BHR 4.5 06/01/26) | NOTE 4.500% 6/0 · principal | Reduce -12.0% | 18,040,000 | $16.5M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Add +4.0% | 13,635,000 | $15.2M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +3.4% | 14,550,000 | $14.1M |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | New | 10,600,000 | $12.9M |
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | Reduce -4.6% | 12,010,000 | $12.1M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +433.8% | 10,675,000 | $11.0M |
| BROOKDALE SENIOR LIVING (BKD 2 10/15/26) | NOTE 2.000%10/1 · principal | Reduce -4.3% | 10,730,000 | $10.9M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 9,900,000 | $9.4Mbefore exit |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Reduce -20.9% | 10,155,000 | $9.1M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +81.7% | 9,085,000 | $8.6M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | New | 7,325,000 | $8.1M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -8.0% | 4,600,000 | $7.1M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -2.5% | 5,855,000 | $6.8M |
| WESTW Westrock Coffee Holdings- 27 | *W EXP 08/29/202 | Add +0.0% | 3,063,529 | $6.6M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +2309.2% | 5,999,000 | $5.7M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -26.7% | 5,000,000 | $4.9M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | New | 4,975,000 | $4.9M |
| MIR.WS Mirion Technologies Inc.-CW25 | *W EXP 10/20/202 | Sold out | 1,907,649 | $4.3Mbefore exit |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -93.0% | 4,185,000 | $4.2M |
| INNOVATE CORP (VATE 7.5 08/01/26 *) | NOTE 7.500% 8/0 · principal | Reduce -4.6% | 11,643,000 | $4.0M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | New | 1,910,000 | $3.4M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +9.4% | 3,245,000 | $3.3M |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | New | 3,000,000 | $2.9M |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Reduce -6.3% | 3,101,000 | $2.8M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Reduce -32.4% | 3,270,000 | $2.5M |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | Sold out | 2,500,000 | $2.3Mbefore exit |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | Reduce -72.4% | 101,190 | $2.1M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 1,800,000 | $1.8Mbefore exit |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | New | 2,000,000 | $1.7M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Reduce -20.3% | 1,140,000 | $1.6M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +11.4% | 1,470,000 | $1.6M |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | Add +1.7% | 1,116,070 | $1.2M |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Reduce -33.5% | 440,617 | $1.1M |
Showing the first 50 of 75.
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 | 27 | $36.7M | VUSB, BHR, WEST, UONEK, GRNT |
| Q1 2026Amended | 35 | $55.0M | SPSB, KYN, VUSB, UAN, GRNT |
| Q4 2025 | 48 | $55.6M | BHR, KYN, VUSB, URBAN ONE INC, UAN |
| Q3 2025 | 30 | $44.4M | BHR, VUSB, KYN, URBAN ONE INC, UAN |
| Q2 2025Amended | 27 | $48.7M | UAN, KYN, GRNT, BHR, VUSB |
| Q1 2025 | 28 | $54.6M | SPSB, KYN, WEST, BHR, VUSB |
| Q4 2024 | 27 | $54.5M | KYN, BHR, UAN, GRNT, WEST |
| Q3 2024 | 27 | $55.2M | KYN, BHR, WEST, GRNT, UAN |
| Q2 2024Amended | 28 | $56.6M | KYN, GRNT, UAN, BHR, URBAN ONE INC |
| Q1 2024Amended | 30 | $64.3M | KYN, URBAN ONE INC, GRNT, UAN, CMLSQ |