INCOME RESEARCH & MANAGEMENT Long-Term Concentrated

Location: Boston, MA

CIK: 0001165830 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 17, 2015

Total Value: $587M (5.6% shares, 94.4% debt)

Holdings (33)

— INTEL CORP 9.8%

Value $57.8M Shares 44,000,000 Share Price $1.31 Est. Cost/Share $1.18 Unrealized @ Report Date —

— GILEAD SCIENCES INC 8.8%

Value $51.43M Shares 12,426,000 Share Price $4.14 Est. Cost/Share $3.12 Unrealized @ Report Date —

— PRICELINE GRP INC 6.1%

Value $36.08M Shares 27,152,000 Share Price $1.33 Est. Cost/Share $1.42 Unrealized @ Report Date —

— LAM RESEARCH CORP 5.7%

Value $33.75M Shares 25,715,000 Share Price $1.31 Est. Cost/Share $1.16 Unrealized @ Report Date —

— NEWMONT MINING CORP 5.3%

Value $31.26M Shares 30,782,000 Share Price $1.02 Est. Cost/Share $1.05 Unrealized @ Report Date —

— ARES CAP CORP 5.0%

Value $29.55M Shares 28,863,000 Share Price $1.02 Est. Cost/Share $1.23 Unrealized @ Report Date —

— XILINX INC 4.6%

Value $26.74M Shares 17,769,000 Share Price $1.50 Est. Cost/Share $1.87 Unrealized @ Report Date —

— JEFFERIES GROUP INC NEW 4.5%

Value $26.34M Shares 25,497,000 Share Price $1.03 Est. Cost/Share $1.06 Unrealized @ Report Date —

— OLD REP INTL CORP 4.0%

Value $23.44M Shares 20,230,000 Share Price $1.16 Est. Cost/Share $1.24 Unrealized @ Report Date —

— WELLS FARGO & CO NEW 3.5%

Value $20.63M Shares 16,981 Share Price $1215.01 Est. Cost/Share $1184.83 Unrealized @ Report Date —

— PROSPECT CAPITAL CORPORATION 3.3%

Value $19.55M Shares 19,777,000 Share Price $0.99 Est. Cost/Share $1.05 Unrealized @ Report Date —

— ARES CAP CORP 3.2%

Value $19M Shares 18,537,000 Share Price $1.02 Est. Cost/Share $1.19 Unrealized @ Report Date —

— PROLOGIS 3.1%

Value $18.07M Shares 16,258,000 Share Price $1.11 Est. Cost/Share $1.17 Unrealized @ Report Date —

— FIDELITY NATIONAL FINANCIAL 3.1%

Value $18.02M Shares 9,551,000 Share Price $1.89 Est. Cost/Share $1.58 Unrealized @ Report Date —

— ALZA CORP 3.0%

Value $17.43M Shares 12,150,000 Share Price $1.43 Est. Cost/Share $1.35 Unrealized @ Report Date —

— DANAHER CORP DEL 2.7%

Value $15.71M Shares 6,314,000 Share Price $2.49 Est. Cost/Share $2.26 Unrealized @ Report Date —

— MACQUARIE INFRASTR CO LLC 2.5%

Value $14.63M Shares 12,875,000 Share Price $1.14 Est. Cost/Share $1.11 Unrealized @ Report Date —

— TEVA PHARMACEUTICAL FIN LLC 2.5%

Value $14.5M Shares 10,611,000 Share Price $1.37 Est. Cost/Share $1.27 Unrealized @ Report Date —

— RPM INTL INC 2.4%

Value $14.01M Shares 12,020,000 Share Price $1.17 Est. Cost/Share $1.57 Unrealized @ Report Date —

— BANK AMER CORP 2.1%

Value $12.24M Shares 10,630 Share Price $1151.83 Est. Cost/Share $1080.64 Unrealized @ Report Date —

— DEVELOPERS DIVERSIFIED RLTY 1.9%

Value $11.19M Shares 9,040,000 Share Price $1.24 Est. Cost/Share $1.16 Unrealized @ Report Date —

— NOVELLUS SYS INC 1.9%

Value $11.09M Shares 4,837,000 Share Price $2.29 Est. Cost/Share $1.71 Unrealized @ Report Date —

— YAHOO INC 1.5%

Value $8.997M Shares 7,953,000 Share Price $1.13 Est. Cost/Share $1.13 Unrealized @ Report Date —

— PRICELINE GRP INC 1.5%

Value $8.848M Shares 7,935,000 Share Price $1.12 Est. Cost/Share $1.18 Unrealized @ Report Date —

— TOLL BROS FIN CORP 1.2%

Value $7.151M Shares 7,011,000 Share Price $1.02 Est. Cost/Share $1.05 Unrealized @ Report Date —

— HEALTH CARE REIT INC 1.2%

Value $6.782M Shares 4,523,000 Share Price $1.50 Est. Cost/Share $1.41 Unrealized @ Report Date —

— AIRTRAN HLDGS INC 1.1%

Value $6.584M Shares 2,249,000 Share Price $2.93 Est. Cost/Share $1.94 Unrealized @ Report Date —

— PROSPECT CAPITAL CORPORATION 1.1%

Value $6.509M Shares 6,600,000 Share Price $0.99 Est. Cost/Share $0.99 Unrealized @ Report Date —

— CHESAPEAKE ENERGY CORP 1.1%

Value $6.268M Shares 6,500,000 Share Price $0.96 Est. Cost/Share $1.02 Unrealized @ Report Date —

— FIFTH STR FIN CORP 0.9%

Value $5.545M Shares 5,410,000 Share Price $1.02 Est. Cost/Share $1.06 Unrealized @ Report Date —

— CSX CORP 0.6%

Value $3.24M Shares 840,000 Share Price $3.86 Est. Cost/Share $3.08 Unrealized @ Report Date —

— SANDISK CORP 0.6%

Value $3.236M Shares 2,694,000 Share Price $1.20 Est. Cost/Share $1.20 Unrealized @ Report Date —

— LAM RESEARCH CORP 0.3%

Value $1.767M Shares 1,250,000 Share Price $1.41 Est. Cost/Share $1.24 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	INTEL CORP	44,000,000	$57.8M	9.8%	$1.31	$1.18	—	SDCV 2.950%12/1	458140AD2
—	GILEAD SCIENCES INC	12,426,000	$51.43M	8.8%	$4.14	$3.12	—	NOTE 1.625% 5/0	375558AP8
—	PRICELINE GRP INC	27,152,000	$36.08M	6.1%	$1.33	$1.42	—	DEBT 1.000% 3/1	741503AQ9
—	LAM RESEARCH CORP	25,715,000	$33.75M	5.7%	$1.31	$1.16	—	NOTE 0.500% 5/1	512807AJ7
—	NEWMONT MINING CORP	30,782,000	$31.26M	5.3%	$1.02	$1.05	—	NOTE 1.625% 7/1	651639AJ5
—	ARES CAP CORP	28,863,000	$29.55M	5.0%	$1.02	$1.23	—	NOTE 5.125% 6/0	04010LAD5
—	XILINX INC	17,769,000	$26.74M	4.6%	$1.50	$1.87	—	NOTE 2.625% 6/1	983919AF8
—	JEFFERIES GROUP INC NEW	25,497,000	$26.34M	4.5%	$1.03	$1.06	—	DBCV 3.875%11/0	472319AG7
—	OLD REP INTL CORP	20,230,000	$23.44M	4.0%	$1.16	$1.24	—	NOTE 3.750% 3/1	680223AH7
—	WELLS FARGO & CO NEW	16,981	$20.63M	3.5%	$1215.01	$1184.83	—	PERP PFD CNV A	949746804
—	PROSPECT CAPITAL CORPORATION	19,777,000	$19.55M	3.3%	$0.99	$1.05	—	NOTE 5.875% 1/1	74348TAM4
—	ARES CAP CORP	18,537,000	$19M	3.2%	$1.02	$1.19	—	NOTE 4.750% 1/1	04010LAJ2
—	PROLOGIS	16,258,000	$18.07M	3.1%	$1.11	$1.17	—	NOTE 3.250% 3/1	74340XAT8
—	FIDELITY NATIONAL FINANCIAL	9,551,000	$18.02M	3.1%	$1.89	$1.58	—	NOTE 4.250% 8/1	31620RAE5
—	ALZA CORP	12,150,000	$17.43M	3.0%	$1.43	$1.35	—	SDCV 7/2	02261WAB5
—	DANAHER CORP DEL	6,314,000	$15.71M	2.7%	$2.49	$2.26	—	NOTE 1/2	235851AF9
—	MACQUARIE INFRASTR CO LLC	12,875,000	$14.63M	2.5%	$1.14	$1.11	—	NOTE 2.875% 7/1	55608BAA3
—	TEVA PHARMACEUTICAL FIN LLC	10,611,000	$14.5M	2.5%	$1.37	$1.27	—	DBCV 0.250% 2/0	88163VAE9
—	RPM INTL INC	12,020,000	$14.01M	2.4%	$1.17	$1.57	—	NOTE 2.250%12/1	749685AT0
—	BANK AMER CORP	10,630	$12.24M	2.1%	$1151.83	$1080.64	—	7.25%CNV PFD L	060505682
—	DEVELOPERS DIVERSIFIED RLTY	9,040,000	$11.19M	1.9%	$1.24	$1.16	—	NOTE 1.750%11/1	251591AX1
—	NOVELLUS SYS INC	4,837,000	$11.09M	1.9%	$2.29	$1.71	—	NOTE 2.625% 5/1	670008AD3
—	YAHOO INC	7,953,000	$8.997M	1.5%	$1.13	$1.13	—	NOTE 12/0	984332AF3
—	PRICELINE GRP INC	7,935,000	$8.848M	1.5%	$1.12	$1.18	—	NOTE 0.350% 6/1	741503AS5
—	TOLL BROS FIN CORP	7,011,000	$7.151M	1.2%	$1.02	$1.05	—	NOTE 0.500% 9/1	88947EAM2
—	HEALTH CARE REIT INC	4,523,000	$6.782M	1.2%	$1.50	$1.41	—	NOTE 3.000%12/0	42217KAR7
—	AIRTRAN HLDGS INC	2,249,000	$6.584M	1.1%	$2.93	$1.94	—	NOTE 5.250%11/0	00949PAD0
—	PROSPECT CAPITAL CORPORATION	6,600,000	$6.509M	1.1%	$0.99	$0.99	—	NOTE 5.750% 3/1	74348TAL6
—	CHESAPEAKE ENERGY CORP	6,500,000	$6.268M	1.1%	$0.96	$1.02	—	NOTE 2.500% 5/1	165167CA3
—	FIFTH STR FIN CORP	5,410,000	$5.545M	0.9%	$1.02	$1.06	—	NOTE 5.375% 4/0	31679BAC4
—	CSX CORP	840,000	$3.24M	0.6%	$3.86	$3.08	—	DBCV 10/3	126408GA5
—	SANDISK CORP	2,694,000	$3.236M	0.6%	$1.20	$1.20	—	NOTE 0.500%10/1	80004CAF8
—	LAM RESEARCH CORP	1,250,000	$1.767M	0.3%	$1.41	$1.24	—	NOTE 1.250% 5/1	512807AL2