INCOME RESEARCH & MANAGEMENT Long-Term Concentrated

Location: Boston, MA

CIK: 0001165830 · Show all filings

Period: Q1 2015 (← Previous) (Next →)

Filing Date: May 14, 2015

Total Value: $586M (5.7% shares, 94.3% debt)

Holdings (32)

— INTEL CORP 10.0%

Value $58.64M Shares 47,145,000 Share Price $1.24 Est. Cost/Share $1.18 Unrealized @ Report Date —

— WELLPOINT INC 9.9%

Value $58.27M Shares 28,211,000 Share Price $2.07 Est. Cost/Share $2.07 Unrealized @ Report Date —

— GILEAD SCIENCES INC 6.9%

Value $40.39M Shares 9,376,000 Share Price $4.31 Est. Cost/Share $3.12 Unrealized @ Report Date —

— NEWMONT MINING CORP 5.6%

Value $32.52M Shares 31,632,000 Share Price $1.03 Est. Cost/Share $1.05 Unrealized @ Report Date —

— LAM RESEARCH CORP 5.3%

Value $30.91M Shares 25,715,000 Share Price $1.20 Est. Cost/Share $1.16 Unrealized @ Report Date —

— ARES CAP CORP 5.1%

Value $29.86M Shares 28,863,000 Share Price $1.03 Est. Cost/Share $1.23 Unrealized @ Report Date —

— OLD REP INTL CORP 4.7%

Value $27.41M Shares 23,230,000 Share Price $1.18 Est. Cost/Share $1.23 Unrealized @ Report Date —

— XILINX INC 4.6%

Value $26.76M Shares 18,084,000 Share Price $1.48 Est. Cost/Share $1.87 Unrealized @ Report Date —

— JEFFERIES GROUP INC NEW 4.4%

Value $25.6M Shares 25,327,000 Share Price $1.01 Est. Cost/Share $1.06 Unrealized @ Report Date —

— WELLS FARGO & CO NEW 4.0%

Value $23.25M Shares 19,056 Share Price $1219.98 Est. Cost/Share $1188.66 Unrealized @ Report Date —

— PROSPECT CAPITAL CORPORATION 3.4%

Value $20.07M Shares 19,777,000 Share Price $1.02 Est. Cost/Share $1.05 Unrealized @ Report Date —

— ARES CAP CORP 3.4%

Value $19.71M Shares 18,881,000 Share Price $1.04 Est. Cost/Share $1.19 Unrealized @ Report Date —

— FIDELITY NATIONAL FINANCIAL 3.3%

Value $19.26M Shares 9,551,000 Share Price $2.02 Est. Cost/Share $1.58 Unrealized @ Report Date —

— MACQUARIE INFRASTR CO LLC 2.9%

Value $17.05M Shares 14,400,000 Share Price $1.18 Est. Cost/Share $1.12 Unrealized @ Report Date —

— ALZA CORP 2.9%

Value $16.77M Shares 12,150,000 Share Price $1.38 Est. Cost/Share $1.35 Unrealized @ Report Date —

— RPM INTL INC 2.7%

Value $15.94M Shares 13,520,000 Share Price $1.18 Est. Cost/Share $1.53 Unrealized @ Report Date —

— TEVA PHARMACEUTICAL FIN LLC 2.7%

Value $15.7M Shares 10,611,000 Share Price $1.48 Est. Cost/Share $1.27 Unrealized @ Report Date —

— DANAHER CORP DEL 2.7%

Value $15.56M Shares 6,314,000 Share Price $2.46 Est. Cost/Share $2.26 Unrealized @ Report Date —

— DEVELOPERS DIVERSIFIED RLTY 1.7%

Value $10.22M Shares 8,105,000 Share Price $1.26 Est. Cost/Share $1.16 Unrealized @ Report Date —

— BANK AMER CORP 1.7%

Value $10.09M Shares 8,800 Share Price $1146.93 Est. Cost/Share $1080.64 Unrealized @ Report Date —

— NOVELLUS SYS INC 1.7%

Value $9.877M Shares 4,837,000 Share Price $2.04 Est. Cost/Share $1.71 Unrealized @ Report Date —

— PRICELINE GRP INC 1.5%

Value $9.056M Shares 7,935,000 Share Price $1.14 Est. Cost/Share $1.18 Unrealized @ Report Date —

— TOLL BROS FIN CORP 1.3%

Value $7.811M Shares 7,386,000 Share Price $1.06 Est. Cost/Share $1.05 Unrealized @ Report Date —

— AIRTRAN HLDGS INC 1.2%

Value $6.796M Shares 2,249,000 Share Price $3.02 Est. Cost/Share $1.94 Unrealized @ Report Date —

— HEALTH CARE REIT INC 1.1%

Value $6.444M Shares 4,323,000 Share Price $1.49 Est. Cost/Share $1.41 Unrealized @ Report Date —

— PROSPECT CAPITAL CORPORATION 1.1%

Value $6.439M Shares 6,313,000 Share Price $1.02 Est. Cost/Share $0.99 Unrealized @ Report Date —

— YAHOO INC 1.1%

Value $6.33M Shares 5,868,000 Share Price $1.08 Est. Cost/Share $1.13 Unrealized @ Report Date —

— CHESAPEAKE ENERGY CORP 1.1%

Value $6.187M Shares 6,500,000 Share Price $0.95 Est. Cost/Share $1.02 Unrealized @ Report Date —

— FIFTH STR FIN CORP 0.9%

Value $5.532M Shares 5,410,000 Share Price $1.02 Est. Cost/Share $1.06 Unrealized @ Report Date —

— CSX CORP 0.5%

Value $2.962M Shares 840,000 Share Price $3.53 Est. Cost/Share $3.08 Unrealized @ Report Date —

— SANDISK CORP 0.5%

Value $2.704M Shares 2,694,000 Share Price $1.00 Est. Cost/Share $1.20 Unrealized @ Report Date —

— LAM RESEARCH CORP 0.3%

Value $1.643M Shares 1,250,000 Share Price $1.31 Est. Cost/Share $1.24 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	INTEL CORP	47,145,000	$58.64M	10.0%	$1.24	$1.18	—	SDCV 12/1	458140AD2
—	WELLPOINT INC	28,211,000	$58.27M	9.9%	$2.07	$2.07	—	NOTE 2.750%10/1	94973VBG1
—	GILEAD SCIENCES INC	9,376,000	$40.39M	6.9%	$4.31	$3.12	—	NOTE 1.625% 5/0	375558AP8
—	NEWMONT MINING CORP	31,632,000	$32.52M	5.6%	$1.03	$1.05	—	NOTE 1.625% 7/1	651639AJ5
—	LAM RESEARCH CORP	25,715,000	$30.91M	5.3%	$1.20	$1.16	—	NOTE 0.500% 5/1	512807AJ7
—	ARES CAP CORP	28,863,000	$29.86M	5.1%	$1.03	$1.23	—	NOTE 5.125% 6/0	04010LAD5
—	OLD REP INTL CORP	23,230,000	$27.41M	4.7%	$1.18	$1.23	—	NOTE 3.750% 3/1	680223AH7
—	XILINX INC	18,084,000	$26.76M	4.6%	$1.48	$1.87	—	NOTE 2.625% 6/1	983919AF8
—	JEFFERIES GROUP INC NEW	25,327,000	$25.6M	4.4%	$1.01	$1.06	—	DBCV 3.875%11/0	472319AG7
—	WELLS FARGO & CO NEW	19,056	$23.25M	4.0%	$1219.98	$1188.66	—	PERP PFD CNV A	949746804
—	PROSPECT CAPITAL CORPORATION	19,777,000	$20.07M	3.4%	$1.02	$1.05	—	NOTE 5.875% 1/1	74348TAM4
—	ARES CAP CORP	18,881,000	$19.71M	3.4%	$1.04	$1.19	—	NOTE 4.750% 1/1	04010LAJ2
—	FIDELITY NATIONAL FINANCIAL	9,551,000	$19.26M	3.3%	$2.02	$1.58	—	NOTE 4.250% 8/1	31620RAE5
—	MACQUARIE INFRASTR CO LLC	14,400,000	$17.05M	2.9%	$1.18	$1.12	—	NOTE 2.875% 7/1	55608BAA3
—	ALZA CORP	12,150,000	$16.77M	2.9%	$1.38	$1.35	—	SDCV 7/2	02261WAB5
—	RPM INTL INC	13,520,000	$15.94M	2.7%	$1.18	$1.53	—	NOTE 2.250%12/1	749685AT0
—	TEVA PHARMACEUTICAL FIN LLC	10,611,000	$15.7M	2.7%	$1.48	$1.27	—	DBCV 0.250% 2/0	88163VAE9
—	DANAHER CORP DEL	6,314,000	$15.56M	2.7%	$2.46	$2.26	—	NOTE 1/2	235851AF9
—	DEVELOPERS DIVERSIFIED RLTY	8,105,000	$10.22M	1.7%	$1.26	$1.16	—	NOTE 1.750%11/1	251591AX1
—	BANK AMER CORP	8,800	$10.09M	1.7%	$1146.93	$1080.64	—	7.25%CNV PFD L	060505682
—	NOVELLUS SYS INC	4,837,000	$9.877M	1.7%	$2.04	$1.71	—	NOTE 2.625% 5/1	670008AD3
—	PRICELINE GRP INC	7,935,000	$9.056M	1.5%	$1.14	$1.18	—	NOTE 0.350% 6/1	741503AS5
—	TOLL BROS FIN CORP	7,386,000	$7.811M	1.3%	$1.06	$1.05	—	NOTE 0.500% 9/1	88947EAM2
—	AIRTRAN HLDGS INC	2,249,000	$6.796M	1.2%	$3.02	$1.94	—	NOTE 5.250%11/0	00949PAD0
—	HEALTH CARE REIT INC	4,323,000	$6.444M	1.1%	$1.49	$1.41	—	NOTE 3.000%12/0	42217KAR7
—	PROSPECT CAPITAL CORPORATION	6,313,000	$6.439M	1.1%	$1.02	$0.99	—	NOTE 5.750% 3/1	74348TAL6
—	YAHOO INC	5,868,000	$6.33M	1.1%	$1.08	$1.13	—	NOTE 12/0	984332AF3
—	CHESAPEAKE ENERGY CORP	6,500,000	$6.187M	1.1%	$0.95	$1.02	—	NOTE 2.500% 5/1	165167CA3
—	FIFTH STR FIN CORP	5,410,000	$5.532M	0.9%	$1.02	$1.06	—	NOTE 5.375% 4/0	31679BAC4
—	CSX CORP	840,000	$2.962M	0.5%	$3.53	$3.08	—	DBCV 10/3	126408GA5
—	SANDISK CORP	2,694,000	$2.704M	0.5%	$1.00	$1.20	—	NOTE 0.500%10/1	80004CAF8
—	LAM RESEARCH CORP	1,250,000	$1.643M	0.3%	$1.31	$1.24	—	NOTE 1.250% 5/1	512807AL2