INCOME RESEARCH & MANAGEMENT Long-Term Concentrated

Location: Boston, MA

CIK: 0001165830 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: Apr 22, 2025

Total Value: $235M (100.0% shares, 0.0% debt)

Holdings (27)

— EXPEDIA GROUP INC 5.8%

Value $13.57M Shares 13,780,000 Share Price $0.98 Est. Cost/Share $1.21 Unrealized @ Report Date —

— PPL CAP FDG INC 5.7%

Value $13.32M Shares 11,900,000 Share Price $1.12 Est. Cost/Share $0.96 Unrealized @ Report Date —

— ALLIANT ENERGY CORP 5.6%

Value $13.22M Shares 12,370,000 Share Price $1.07 Est. Cost/Share $0.98 Unrealized @ Report Date —

— VENTAS RLTY LTD PARTNERSHIP 5.5%

Value $12.87M Shares 10,000,000 Share Price $1.29 Est. Cost/Share $1.05 Unrealized @ Report Date —

— CMS ENERGY CORP 5.2%

Value $12.28M Shares 11,100,000 Share Price $1.11 Est. Cost/Share $0.98 Unrealized @ Report Date —

— NEW MTN FIN CORP 5.2%

Value $12.18M Shares 12,042,000 Share Price $1.01 Est. Cost/Share $1.02 Unrealized @ Report Date —

— EURONET WORLDWIDE INC 5.1%

Value $12.06M Shares 12,112,000 Share Price $1.00 Est. Cost/Share $0.99 Unrealized @ Report Date —

— SOUTHWEST AIRLS CO 5.1%

Value $11.92M Shares 11,947,000 Share Price $1.00 Est. Cost/Share $1.26 Unrealized @ Report Date —

— DUKE ENERGY CORP NEW 5.0%

Value $11.66M Shares 10,755,000 Share Price $1.08 Est. Cost/Share $1.00 Unrealized @ Report Date —

— CENTERPOINT ENERGY INC 4.6%

Value $10.82M Shares 10,000,000 Share Price $1.08 Est. Cost/Share $1.01 Unrealized @ Report Date —

— AMERICAN WTR CAP CORP 4.3%

Value $10.21M Shares 10,000,000 Share Price $1.02 Est. Cost/Share $1.02 Unrealized @ Report Date —

— AKAMAI TECHNOLOGIES INC 3.8%

Value $8.859M Shares 9,100,000 Share Price $0.97 Est. Cost/Share $0.99 Unrealized @ Report Date —

— CAPITAL SOUTHWEST CORP 3.7%

Value $8.736M Shares 9,000,000 Share Price $0.97 Est. Cost/Share $0.96 Unrealized @ Report Date —

— BOFA FIN LLC 3.7%

Value $8.727M Shares 8,780,000 Share Price $0.99 Est. Cost/Share $1.11 Unrealized @ Report Date —

— FORD MTR CO 3.6%

Value $8.566M Shares 8,750,000 Share Price $0.98 Est. Cost/Share $0.99 Unrealized @ Report Date —

— ETSY INC 3.4%

Value $8.099M Shares 9,545,000 Share Price $0.85 Est. Cost/Share $0.74 Unrealized @ Report Date —

— ON SEMICONDUCTOR CORP 3.3%

Value $7.717M Shares 8,960,000 Share Price $0.86 Est. Cost/Share $0.95 Unrealized @ Report Date —

— ENVISTA HOLDINGS CORPORATION 3.3%

Value $7.645M Shares 8,500,000 Share Price $0.90 Est. Cost/Share $0.90 Unrealized @ Report Date —

— GLOBAL PMTS INC 3.2%

Value $7.536M Shares 8,000,000 Share Price $0.94 Est. Cost/Share $0.94 Unrealized @ Report Date —

— NEXTERA ENERGY CAP HLDGS INC 3.2%

Value $7.501M Shares 6,500,000 Share Price $1.15 Est. Cost/Share $1.15 Unrealized @ Report Date —

— EVERGY INC 2.5%

Value $5.876M Shares 5,000,000 Share Price $1.18 Est. Cost/Share $1.09 Unrealized @ Report Date —

TAXX BONDBLOXX ETF TRUST 2.2%

Value $5.057M Shares 100,000 Share Price $50.57 Est. Cost/Share $50.05 Unrealized @ Report Date +1.0%

TXXI BONDBLOXX ETF TRUST 2.1%

Value $4.98M Shares 100,000 Share Price $49.80 Est. Cost/Share $49.82 Unrealized @ Report Date -0.0%

TAXM BONDBLOXX ETF TRUST 2.1%

Value $4.965M Shares 100,000 Share Price $49.65 Est. Cost/Share $49.78 Unrealized @ Report Date -0.3%

— UBER TECHNOLOGIES INC 1.9%

Value $4.357M Shares 3,580,000 Share Price $1.22 Est. Cost/Share $1.14 Unrealized @ Report Date —

AGGS HARBOR ETF TRUST 0.9%

Value $2.063M Shares 50,000 Share Price $41.26 Est. Cost/Share $40.79 Unrealized @ Report Date +1.2%

— REALOGY GRP LLC/REALOGY CO 0.0%

Value $55,680 Shares 60,000 Share Price $0.93 Est. Cost/Share $0.89 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	EXPEDIA GROUP INC	13,780,000	$13.57M	5.8%	$0.98	$1.21	—	NOTE 2/1	30212PBE4
—	PPL CAP FDG INC	11,900,000	$13.32M	5.7%	$1.12	$0.96	—	NOTE 2.875% 3/1	69352PAS2
—	ALLIANT ENERGY CORP	12,370,000	$13.22M	5.6%	$1.07	$0.98	—	NOTE 3.875% 3/1	018802AC2
—	VENTAS RLTY LTD PARTNERSHIP	10,000,000	$12.87M	5.5%	$1.29	$1.05	—	NOTE 3.750% 6/0	92277GAZ0
—	CMS ENERGY CORP	11,100,000	$12.28M	5.2%	$1.11	$0.98	—	NOTE 3.375% 5/0	125896BX7
—	NEW MTN FIN CORP	12,042,000	$12.18M	5.2%	$1.01	$1.02	—	NOTE 7.500%10/1	647551AE0
—	EURONET WORLDWIDE INC	12,112,000	$12.06M	5.1%	$1.00	$0.99	—	NOTE 0.750% 3/1	298736AL3
—	SOUTHWEST AIRLS CO	11,947,000	$11.92M	5.1%	$1.00	$1.26	—	NOTE 1.250% 5/0	844741BG2
—	DUKE ENERGY CORP NEW	10,755,000	$11.66M	5.0%	$1.08	$1.00	—	NOTE 4.125% 4/1	26441CBY0
—	CENTERPOINT ENERGY INC	10,000,000	$10.82M	4.6%	$1.08	$1.01	—	NOTE 4.250% 8/1	15189TBD8
—	AMERICAN WTR CAP CORP	10,000,000	$10.21M	4.3%	$1.02	$1.02	—	NOTE 3.625% 6/1	03040WBE4
—	AKAMAI TECHNOLOGIES INC	9,100,000	$8.859M	3.8%	$0.97	$0.99	—	NOTE 0.375% 9/0	00971TAL5
—	CAPITAL SOUTHWEST CORP	9,000,000	$8.736M	3.7%	$0.97	$0.96	—	NOTE 5.125%11/1	140501AE7
—	BOFA FIN LLC	8,780,000	$8.727M	3.7%	$0.99	$1.11	—	MTNF 0.600% 5/2	09709UV70
—	FORD MTR CO	8,750,000	$8.566M	3.6%	$0.98	$0.99	—	NOTE 3/1	345370CZ1
—	ETSY INC	9,545,000	$8.099M	3.4%	$0.85	$0.74	—	NOTE 0.250% 6/1	29786AAN6
—	ON SEMICONDUCTOR CORP	8,960,000	$7.717M	3.3%	$0.86	$0.95	—	NOTE 0.500% 3/0	682189AU9
—	ENVISTA HOLDINGS CORPORATION	8,500,000	$7.645M	3.3%	$0.90	$0.90	—	NOTE 1.750% 8/1	29415FAD6
—	GLOBAL PMTS INC	8,000,000	$7.536M	3.2%	$0.94	$0.94	—	NOTE 1.500% 3/0	37940XAU6
—	NEXTERA ENERGY CAP HLDGS INC	6,500,000	$7.501M	3.2%	$1.15	$1.15	—	NOTE 3.000% 3/0	65339KCY4
—	EVERGY INC	5,000,000	$5.876M	2.5%	$1.18	$1.09	—	NOTE 4.500%12/1	30034WAD8
TAXX	BONDBLOXX ETF TRUST	100,000	$5.057M	2.2%	$50.57	$50.05	+1.0%	IR M TAXAWARE	09789C721
TXXI	BONDBLOXX ETF TRUST	100,000	$4.98M	2.1%	$49.80	$49.82	-0.0%	IR M TAX AWARE	09789C663
TAXM	BONDBLOXX ETF TRUST	100,000	$4.965M	2.1%	$49.65	$49.78	-0.3%	IR M TAX AWARE	09789C697
—	UBER TECHNOLOGIES INC	3,580,000	$4.357M	1.9%	$1.22	$1.14	—	NOTE 0.875%12/0	90353TAM2
AGGS	HARBOR ETF TRUST	50,000	$2.063M	0.9%	$41.26	$40.79	+1.2%	DISCIPLINED BOND	41151J794
—	REALOGY GRP LLC/REALOGY CO	60,000	$55,680	0.0%	$0.93	$0.89	—	NOTE 0.250% 6/1	75606DAP6