INCOME RESEARCH & MANAGEMENT Long-Term Concentrated

CIK: 0001165830 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Oct 16, 2025

Total Value ($000): $204,452 (100.0% shares, 0.0% debt)

Holdings (35)

— EURONET WORLDWIDE INC 5.0%

Value ($000) $10,301 Shares 12,112,000 Est. Cost $0.99 Unrealized —

— CMS ENERGY CORP 4.8%

Value ($000) $9,881 Shares 9,024,000 Est. Cost $0.98 Unrealized —

— PPL CAP FDG INC 4.7%

Value ($000) $9,704 Shares 8,501,000 Est. Cost $0.96 Unrealized —

— CAPITAL SOUTHWEST CORP 4.7%

Value ($000) $9,611 Shares 9,757,000 Est. Cost $0.96 Unrealized —

— EXPEDIA GROUP INC 4.6%

Value ($000) $9,402 Shares 9,337,000 Est. Cost $1.20 Unrealized —

— AKAMAI TECHNOLOGIES INC 4.6%

Value ($000) $9,338 Shares 9,763,000 Est. Cost $0.99 Unrealized —

— BOFA FIN LLC 4.6%

Value ($000) $9,321 Shares 9,458,000 Est. Cost $1.10 Unrealized —

— AMERICAN WTR CAP CORP 4.5%

Value ($000) $9,271 Shares 9,258,000 Est. Cost $1.02 Unrealized —

— DUKE ENERGY CORP NEW 4.5%

Value ($000) $9,192 Shares 8,563,000 Est. Cost $1.00 Unrealized —

— ON SEMICONDUCTOR CORP 4.4%

Value ($000) $8,941 Shares 9,690,000 Est. Cost $0.94 Unrealized —

— FORD MTR CO 4.0%

Value ($000) $8,182 Shares 8,073,000 Est. Cost $0.99 Unrealized —

— ENVISTA HOLDINGS CORPORATION 3.8%

Value ($000) $7,822 Shares 8,305,000 Est. Cost $0.90 Unrealized —

— ETSY INC 3.6%

Value ($000) $7,358 Shares 8,342,000 Est. Cost $0.74 Unrealized —

— BLOCK INC 3.6%

Value ($000) $7,281 Shares 8,005,000 Est. Cost $0.89 Unrealized —

— GLOBAL PMTS INC 3.3%

Value ($000) $6,832 Shares 7,465,000 Est. Cost $0.94 Unrealized —

— VENTAS RLTY LTD PARTNERSHIP 3.3%

Value ($000) $6,832 Shares 5,290,000 Est. Cost $1.05 Unrealized —

— NEXTERA ENERGY CAP HLDGS INC 3.3%

Value ($000) $6,714 Shares 5,685,000 Est. Cost $1.15 Unrealized —

— MICROCHIP TECHNOLOGY INC. 3.2%

Value ($000) $6,634 Shares 6,843,000 Est. Cost $0.98 Unrealized —

— UBER TECHNOLOGIES INC 2.9%

Value ($000) $5,887 Shares 4,005,000 Est. Cost $1.17 Unrealized —

— MERITAGE HOMES CORP 2.9%

Value ($000) $5,859 Shares 5,725,000 Est. Cost $0.97 Unrealized —

— EVERGY INC 2.6%

Value ($000) $5,368 Shares 4,272,000 Est. Cost $1.09 Unrealized —

— DEXCOM INC 2.6%

Value ($000) $5,269 Shares 5,781,000 Est. Cost $0.94 Unrealized —

TAXX BONDBLOXX ETF TRUST 2.5%

Value ($000) $5,098 Shares 100,000 Est. Cost $50.00 Unrealized —

TXXI BONDBLOXX ETF TRUST 2.5%

Value ($000) $5,042 Shares 100,000 Est. Cost $49.80 Unrealized —

TAXM BONDBLOXX ETF TRUST 2.5%

Value ($000) $5,016 Shares 100,000 Est. Cost $49.65 Unrealized —

— GLADSTONE CAP CORP 2.2%

Value ($000) $4,546 Shares 4,595,000 Est. Cost $0.99 Unrealized —

— PINNACLE WEST CAP CORP 1.5%

Value ($000) $3,062 Shares 2,851,000 Est. Cost $1.08 Unrealized —

— HAEMONETICS CORP MASS 1.4%

Value ($000) $2,902 Shares 3,145,000 Est. Cost $0.99 Unrealized —

AGGS HARBOR ETF TRUST 1.0%

Value ($000) $2,083 Shares 50,000 Est. Cost $40.94 Unrealized —

— BANK AMERICA CORP 0.2%

Value ($000) $455 Shares 355 Est. Cost $1213.79 Unrealized —

— WELLS FARGO CO NEW 0.2%

Value ($000) $442 Shares 358 Est. Cost $1173.14 Unrealized —

— CENTERPOINT ENERGY INC 0.2%

Value ($000) $412 Shares 371,000 Est. Cost $1.01 Unrealized —

— NEW MTN FIN CORP 0.1%

Value ($000) $299 Shares 299,000 Est. Cost $1.02 Unrealized —

— ETSY INC 0.0%

Value ($000) $64 Shares 70,000 Est. Cost $0.92 Unrealized —

— CABLE ONE INC 0.0%

Value ($000) $30 Shares 35,000 Est. Cost $0.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	EURONET WORLDWIDE INC	12,112,000	$10,301	5.0%	$0.99	—	NOTE 0.750% 3/1	298736AL3
—	CMS ENERGY CORP	9,024,000	$9,881	4.8%	$0.98	—	NOTE 3.375% 5/0	125896BX7
—	PPL CAP FDG INC	8,501,000	$9,704	4.7%	$0.96	—	NOTE 2.875% 3/1	69352PAS2
—	CAPITAL SOUTHWEST CORP	9,757,000	$9,611	4.7%	$0.96	—	NOTE 5.125%11/1	140501AE7
—	EXPEDIA GROUP INC	9,337,000	$9,402	4.6%	$1.20	—	NOTE 2/1	30212PBE4
—	AKAMAI TECHNOLOGIES INC	9,763,000	$9,338	4.6%	$0.99	—	NOTE 0.375% 9/0	00971TAL5
—	BOFA FIN LLC	9,458,000	$9,321	4.6%	$1.10	—	MTNF 0.600% 5/2	09709UV70
—	AMERICAN WTR CAP CORP	9,258,000	$9,271	4.5%	$1.02	—	NOTE 3.625% 6/1	03040WBE4
—	DUKE ENERGY CORP NEW	8,563,000	$9,192	4.5%	$1.00	—	NOTE 4.125% 4/1	26441CBY0
—	ON SEMICONDUCTOR CORP	9,690,000	$8,941	4.4%	$0.94	—	NOTE 0.500% 3/0	682189AU9
—	FORD MTR CO	8,073,000	$8,182	4.0%	$0.99	—	NOTE 3/1	345370CZ1
—	ENVISTA HOLDINGS CORPORATION	8,305,000	$7,822	3.8%	$0.90	—	NOTE 1.750% 8/1	29415FAD6
—	ETSY INC	8,342,000	$7,358	3.6%	$0.74	—	NOTE 0.250% 6/1	29786AAN6
—	BLOCK INC	8,005,000	$7,281	3.6%	$0.89	—	NOTE 0.250%11/0	852234AK9
—	GLOBAL PMTS INC	7,465,000	$6,832	3.3%	$0.94	—	NOTE 1.500% 3/0	37940XAU6
—	VENTAS RLTY LTD PARTNERSHIP	5,290,000	$6,832	3.3%	$1.05	—	NOTE 3.750% 6/0	92277GAZ0
—	NEXTERA ENERGY CAP HLDGS INC	5,685,000	$6,714	3.3%	$1.15	—	NOTE 3.000% 3/0	65339KCY4
—	MICROCHIP TECHNOLOGY INC.	6,843,000	$6,634	3.2%	$0.98	—	NOTE 0.750% 6/0	595017BG8
—	UBER TECHNOLOGIES INC	4,005,000	$5,887	2.9%	$1.17	—	NOTE 0.875%12/0	90353TAM2
—	MERITAGE HOMES CORP	5,725,000	$5,859	2.9%	$0.97	—	NOTE 1.750% 5/1	59001ABF8
—	EVERGY INC	4,272,000	$5,368	2.6%	$1.09	—	NOTE 4.500%12/1	30034WAD8
—	DEXCOM INC	5,781,000	$5,269	2.6%	$0.94	—	NOTE 0.375% 5/1	252131AM9
TAXX	BONDBLOXX ETF TRUST	100,000	$5,098	2.5%	$50.00	—	IR M TAXAWARE	09789C721
TXXI	BONDBLOXX ETF TRUST	100,000	$5,042	2.5%	$49.80	—	IR M TAX AWARE	09789C663
TAXM	BONDBLOXX ETF TRUST	100,000	$5,016	2.5%	$49.65	—	IR M TAX AWARE	09789C697
—	GLADSTONE CAP CORP	4,595,000	$4,546	2.2%	$0.99	—	NOTE 5.875%10/0	376535AG5
—	PINNACLE WEST CAP CORP	2,851,000	$3,062	1.5%	$1.08	—	NOTE 4.750% 6/1	723484AK7
—	HAEMONETICS CORP MASS	3,145,000	$2,902	1.4%	$0.99	—	NOTE 2.500% 6/0	405024AD2
AGGS	HARBOR ETF TRUST	50,000	$2,083	1.0%	$40.94	—	DISCIPLINED BOND	41151J794
—	BANK AMERICA CORP	355	$455	0.2%	$1213.79	—	7.25%CNV PFD L	060505682
—	WELLS FARGO CO NEW	358	$442	0.2%	$1173.14	—	PERP PFD CNV A	949746804
—	CENTERPOINT ENERGY INC	371,000	$412	0.2%	$1.01	—	NOTE 4.250% 8/1	15189TBD8
—	NEW MTN FIN CORP	299,000	$299	0.1%	$1.02	—	NOTE 7.500%10/1	647551AE0
—	ETSY INC	70,000	$64	0.0%	$0.92	—	NOTE 0.125% 9/0	29786AAL0
—	CABLE ONE INC	35,000	$30	0.0%	$0.76	—	NOTE 1.125% 3/1	12685JAG0