STEELHEAD PARTNERS LLC Diversified Active

Location: Seattle, WA

CIK: 0001133521 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $1.666B (0.0% shares, 100.0% debt)

Holdings (30)

— HALO 0 1/4 03/01/27 7.7%

Value $128M Shares 111,500,000 Est. Cost $1.06 Unrealized —

— ITRI 0 03/15/26 6.0%

Value $101M Shares 95,000,000 Est. Cost $1.03 Unrealized —

— AEIS 2 1/2 09/15/28 5.4%

Value $89.7M Shares 64,735,000 Est. Cost $1.05 Unrealized —

— UBER 0 12/15/25 4.9%

Value $81.57M Shares 66,847,000 Est. Cost $1.10 Unrealized —

— BL 1 06/01/29 4.8%

Value $79.99M Shares 77,000,000 Est. Cost $1.06 Unrealized —

— ALRM 2 1/4 06/01/29 4.6%

Value $76.91M Shares 80,000,000 Est. Cost $0.97 Unrealized —

— UBER 0 7/8 12/01/28 4.6%

Value $76.54M Shares 52,000,000 Est. Cost $1.12 Unrealized —

— DXCM 0 3/8 05/15/28 4.5%

Value $75.6M Shares 82,850,000 Est. Cost $0.92 Unrealized —

— SPOT 0 03/15/26 4.4%

Value $72.61M Shares 53,000,000 Est. Cost $0.89 Unrealized —

— SEALTD 0 1/4 09/15/26 4.0%

Value $67.33M Shares 70,000,000 Est. Cost $0.79 Unrealized —

— BOX 0 01/15/26 4.0%

Value $66.95M Shares 53,609,000 Est. Cost $1.21 Unrealized —

— AKAM 1 1/8 02/15/29 4.0%

Value $65.86M Shares 70,000,000 Est. Cost $0.95 Unrealized —

— AKAM 0 3/8 09/01/27 3.7%

Value $62.34M Shares 65,000,000 Est. Cost $0.99 Unrealized —

— NET 0 08/15/26 3.7%

Value $62.11M Shares 50,000,000 Est. Cost $0.86 Unrealized —

— JAZZ 2 06/15/26 3.3%

Value $55.77M Shares 52,500,000 Est. Cost $1.01 Unrealized —

— DBX 0 03/01/26 3.0%

Value $49.46M Shares 50,000,000 Est. Cost $0.99 Unrealized —

— ON 0 05/01/27 2.9%

Value $48.43M Shares 42,500,000 Est. Cost $1.14 Unrealized —

— CFLT 0 01/15/27 2.8%

Value $47.26M Shares 50,000,000 Est. Cost $0.81 Unrealized —

— TRIP 0 1/4 04/01/26 2.8%

Value $46.78M Shares 47,901,000 Est. Cost $0.87 Unrealized —

— ON 0 1/2 03/01/29 2.3%

Value $38.55M Shares 41,500,000 Est. Cost $0.93 Unrealized —

— ITRI 1 3/8 07/15/30 2.3%

Value $37.94M Shares 33,000,000 Est. Cost $1.19 Unrealized —

— VRNS 1 09/15/29 2.3%

Value $37.9M Shares 35,000,000 Est. Cost $1.08 Unrealized —

— ETSY 0 1/4 06/15/28 2.2%

Value $37.35M Shares 42,000,000 Est. Cost $0.80 Unrealized —

— SGH 2 08/15/30 2.1%

Value $35.77M Shares 30,000,000 Est. Cost $1.19 Unrealized —

— BBIO 2 1/4 02/01/29 1.8%

Value $29.65M Shares 30,000,000 Est. Cost $0.96 Unrealized —

— ENPH 0 03/01/28 1.6%

Value $26M Shares 30,000,000 Est. Cost $0.84 Unrealized —

— PRGS 1 04/15/26 1.5%

Value $25M Shares 25,000,000 Est. Cost $1.09 Unrealized —

— UPWK 0 1/4 08/15/26 1.4%

Value $22.81M Shares 23,500,000 Est. Cost $0.79 Unrealized —

— FIVN 1 03/15/29 1.2%

Value $20.81M Shares 23,500,000 Est. Cost $0.88 Unrealized —

HTZ HERTZ GLOBAL HOLDINGS INC 0.0%

Value $46,056 Shares 6,773 Est. Cost $6.42 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	HALO 0 1/4 03/01/27	111,500,000	$128M	7.7%	$1.06	—	NOTE 0.250% 3/0	40637HAD1
—	ITRI 0 03/15/26	95,000,000	$101M	6.0%	$1.03	—	NOTE 3/1	465741AN6
—	AEIS 2 1/2 09/15/28	64,735,000	$89.7M	5.4%	$1.05	—	NOTE 2.500% 9/1	007973AE0
—	UBER 0 12/15/25	66,847,000	$81.57M	4.9%	$1.10	—	NOTE 12/1	90353TAJ9
—	BL 1 06/01/29	77,000,000	$79.99M	4.8%	$1.06	—	NOTE 1.000% 6/0	09239BAF6
—	ALRM 2 1/4 06/01/29	80,000,000	$76.91M	4.6%	$0.97	—	NOTE 2.250% 6/0	011642AD7
—	UBER 0 7/8 12/01/28	52,000,000	$76.54M	4.6%	$1.12	—	NOTE 0.875%12/0	90353TAM2
—	DXCM 0 3/8 05/15/28	82,850,000	$75.6M	4.5%	$0.92	—	NOTE 0.375% 5/1	252131AM9
—	SPOT 0 03/15/26	53,000,000	$72.61M	4.4%	$0.89	—	NOTE 3/1	84921RAB6
—	SEALTD 0 1/4 09/15/26	70,000,000	$67.33M	4.0%	$0.79	—	NOTE 0.250% 9/1	81141RAG5
—	BOX 0 01/15/26	53,609,000	$66.95M	4.0%	$1.21	—	NOTE 1/1	10316TAB0
—	AKAM 1 1/8 02/15/29	70,000,000	$65.86M	4.0%	$0.95	—	NOTE 1.125% 2/1	00971TAN1
—	AKAM 0 3/8 09/01/27	65,000,000	$62.34M	3.7%	$0.99	—	NOTE 0.375% 9/0	00971TAL5
—	NET 0 08/15/26	50,000,000	$62.11M	3.7%	$0.86	—	NOTE 8/1	18915MAC1
—	JAZZ 2 06/15/26	52,500,000	$55.77M	3.3%	$1.01	—	NOTE 2.000% 6/1	472145AF8
—	DBX 0 03/01/26	50,000,000	$49.46M	3.0%	$0.99	—	NOTE 3/0	26210CAC8
—	ON 0 05/01/27	42,500,000	$48.43M	2.9%	$1.14	—	NOTE 5/0	682189AS4
—	CFLT 0 01/15/27	50,000,000	$47.26M	2.8%	$0.81	—	NOTE 1/1	20717MAB9
—	TRIP 0 1/4 04/01/26	47,901,000	$46.78M	2.8%	$0.87	—	NOTE 0.250% 4/0	896945AD4
—	ON 0 1/2 03/01/29	41,500,000	$38.55M	2.3%	$0.93	—	NOTE 0.500% 3/0	682189AU9
—	ITRI 1 3/8 07/15/30	33,000,000	$37.94M	2.3%	$1.19	—	NOTE 1.375% 7/1	465741AQ9
—	VRNS 1 09/15/29	35,000,000	$37.9M	2.3%	$1.08	—	NOTE 1.000% 9/1	922280AD4
—	ETSY 0 1/4 06/15/28	42,000,000	$37.35M	2.2%	$0.80	—	NOTE 0.250% 6/1	29786AAN6
—	SGH 2 08/15/30	30,000,000	$35.77M	2.1%	$1.19	—	NOTE 2.000% 8/1	83205YAE4
—	BBIO 2 1/4 02/01/29	30,000,000	$29.65M	1.8%	$0.96	—	NOTE 2.250% 2/0	10806XAD4
—	ENPH 0 03/01/28	30,000,000	$26M	1.6%	$0.84	—	NOTE 3/0	29355AAK3
—	PRGS 1 04/15/26	25,000,000	$25M	1.5%	$1.09	—	NOTE 1.000% 4/1	743312AB6
—	UPWK 0 1/4 08/15/26	23,500,000	$22.81M	1.4%	$0.79	—	NOTE 0.250% 8/1	91688FAB0
—	FIVN 1 03/15/29	23,500,000	$20.81M	1.2%	$0.88	—	NOTE 1.000% 3/1	338307AF8
HTZ	HERTZ GLOBAL HOLDINGS INC	6,773	$46,056	0.0%	$6.42	0.0%	COM NEW	42806J700