INCOME RESEARCH & MANAGEMENT Long-Term Concentrated

Location: Boston, MA

CIK: 0001165830 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Oct 20, 2022

Total Value: $213M (100.0% shares, 0.0% debt)

Holdings (22)

— WESTERN DIGITAL CORP. 10.0%

Value $21.21M Shares 22,400,000 Share Price $0.95 Est. Cost/Share $0.94 Unrealized @ Report Date —

— ARES CAPITAL CORP 9.6%

Value $20.41M Shares 20,000,000 Share Price $1.02 Est. Cost/Share $1.10 Unrealized @ Report Date —

— SOUTHWEST AIRLS CO 8.7%

Value $18.52M Shares 16,227,000 Share Price $1.14 Est. Cost/Share $1.26 Unrealized @ Report Date —

— BOOKING HOLDINGS INC 8.6%

Value $18.28M Shares 15,216,000 Share Price $1.20 Est. Cost/Share $1.41 Unrealized @ Report Date —

— EURONET WORLDWIDE INC 8.5%

Value $18.17M Shares 20,220,000 Share Price $0.90 Est. Cost/Share $0.99 Unrealized @ Report Date —

— ILLUMINA INC 8.3%

Value $17.77M Shares 18,609,000 Share Price $0.96 Est. Cost/Share $1.15 Unrealized @ Report Date —

— EXPEDIA GROUP INC 8.3%

Value $17.64M Shares 20,400,000 Share Price $0.86 Est. Cost/Share $1.21 Unrealized @ Report Date —

— HOPE BANCORP INC 7.1%

Value $15.07M Shares 15,812,000 Share Price $0.95 Est. Cost/Share $0.97 Unrealized @ Report Date —

— AKAMAI TECHNOLOGIES INC 6.1%

Value $12.9M Shares 12,701,000 Share Price $1.02 Est. Cost/Share $1.22 Unrealized @ Report Date —

— PIONEER NAT RES CO 4.8%

Value $10.23M Shares 4,724,000 Share Price $2.17 Est. Cost/Share $1.60 Unrealized @ Report Date —

— TEVA PHARMACEUTICAL FIN LLC 4.5%

Value $9.58M Shares 12,028,000 Share Price $0.80 Est. Cost/Share $1.00 Unrealized @ Report Date —

— ETSY INC 3.8%

Value $8.096M Shares 10,500,000 Share Price $0.77 Est. Cost/Share $0.74 Unrealized @ Report Date —

— SUPERNUS PHARMACEUTICALS 3.4%

Value $7.275M Shares 7,500,000 Share Price $0.97 Est. Cost/Share $0.98 Unrealized @ Report Date —

— PENNYMAC CORP 2.9%

Value $6.073M Shares 6,500,000 Share Price $0.93 Est. Cost/Share $0.99 Unrealized @ Report Date —

— BLACKSTONE MORTGAGE TRUST IN 2.4%

Value $5.104M Shares 6,000,000 Share Price $0.85 Est. Cost/Share $0.91 Unrealized @ Report Date —

— WELLS FARGO CO NEW 0.8%

Value $1.666M Shares 1,425 Share Price $1169.12 Est. Cost/Share $1490.53 Unrealized @ Report Date —

— BK OF AMERICA CORP 0.7%

Value $1.516M Shares 1,292 Share Price $1173.37 Est. Cost/Share $1446.59 Unrealized @ Report Date —

— FORD MTR CO DEL 0.6%

Value $1.372M Shares 1,500,000 Share Price $0.91 Est. Cost/Share $1.18 Unrealized @ Report Date —

— BLOCK INC 0.3%

Value $702K Shares 900,000 Share Price $0.78 Est. Cost/Share $0.89 Unrealized @ Report Date —

— STARWOOD PPTY TR INC 0.3%

Value $562K Shares 580,000 Share Price $0.97 Est. Cost/Share $1.02 Unrealized @ Report Date —

— BLACKSTONE MORTGAGE TRUST IN 0.2%

Value $493K Shares 500,000 Share Price $0.99 Est. Cost/Share $1.01 Unrealized @ Report Date —

— HANNON ARMSTRONG SUST INFR C 0.2%

Value $334K Shares 355,000 Share Price $0.94 Est. Cost/Share $1.20 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	WESTERN DIGITAL CORP.	22,400,000	$21.21M	10.0%	$0.95	$0.94	—	NOTE 1.500% 2/0	958102AP0
—	ARES CAPITAL CORP	20,000,000	$20.41M	9.6%	$1.02	$1.10	—	NOTE 4.625% 3/0	04010LAW3
—	SOUTHWEST AIRLS CO	16,227,000	$18.52M	8.7%	$1.14	$1.26	—	NOTE 1.250% 5/0	844741BG2
—	BOOKING HOLDINGS INC	15,216,000	$18.28M	8.6%	$1.20	$1.41	—	NOTE 0.750% 5/0	09857LAN8
—	EURONET WORLDWIDE INC	20,220,000	$18.17M	8.5%	$0.90	$0.99	—	NOTE 0.750% 3/1	298736AL3
—	ILLUMINA INC	18,609,000	$17.77M	8.3%	$0.96	$1.15	—	NOTE 8/1	452327AK5
—	EXPEDIA GROUP INC	20,400,000	$17.64M	8.3%	$0.86	$1.21	—	NOTE 2/1	30212PBE4
—	HOPE BANCORP INC	15,812,000	$15.07M	7.1%	$0.95	$0.97	—	NOTE 2.000% 5/1	43940TAB5
—	AKAMAI TECHNOLOGIES INC	12,701,000	$12.9M	6.1%	$1.02	$1.22	—	NOTE 0.125% 5/0	00971TAJ0
—	PIONEER NAT RES CO	4,724,000	$10.23M	4.8%	$2.17	$1.60	—	NOTE 0.250% 5/1	723787AP2
—	TEVA PHARMACEUTICAL FIN LLC	12,028,000	$9.58M	4.5%	$0.80	$1.00	—	DBCV 0.250% 2/0	88163VAE9
—	ETSY INC	10,500,000	$8.096M	3.8%	$0.77	$0.74	—	NOTE 0.250% 6/1	29786AAN6
—	SUPERNUS PHARMACEUTICALS	7,500,000	$7.275M	3.4%	$0.97	$0.98	—	NOTE 0.625% 4/0	868459AD0
—	PENNYMAC CORP	6,500,000	$6.073M	2.9%	$0.93	$0.99	—	NOTE 5.500%11/0	70932AAD5
—	BLACKSTONE MORTGAGE TRUST IN	6,000,000	$5.104M	2.4%	$0.85	$0.91	—	NOTE 5.500% 3/1	09257WAE0
—	WELLS FARGO CO NEW	1,425	$1.666M	0.8%	$1169.12	$1490.53	—	PERP PFD CNV A	949746804
—	BK OF AMERICA CORP	1,292	$1.516M	0.7%	$1173.37	$1446.59	—	7.25%CNV PFD L	060505682
—	FORD MTR CO DEL	1,500,000	$1.372M	0.6%	$0.91	$1.18	—	NOTE 3/1	345370CZ1
—	BLOCK INC	900,000	$702K	0.3%	$0.78	$0.89	—	NOTE 5/0	852234AJ2
—	STARWOOD PPTY TR INC	580,000	$562K	0.3%	$0.97	$1.02	—	NOTE 4.375% 4/0	85571BAH8
—	BLACKSTONE MORTGAGE TRUST IN	500,000	$493K	0.2%	$0.99	$1.01	—	NOTE 4.750% 3/1	09257WAC4
—	HANNON ARMSTRONG SUST INFR C	355,000	$334K	0.2%	$0.94	$1.20	—	NOTE 8/1	41068XAD2