Location: Mill Valley, CA
CIK: 0001728201 · Show all filings
Period: Q1 2023 (← Previous) (Next →)
Filing Date: May 12, 2023
Total Value: $3.146B (46.6% shares, 53.4% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | PG&E CORP | 1,820,100 | $238M | 7.6% | $111.63 | — | UNIT 08/16/2023 | 69331C140 |
| OXY/WS | OCCIDENTAL PETE CORP | 5,750,000 | $236M | 7.5% | $36.90 | — | *W EXP 08/03/202 | 674599162 |
| EXEEW | CHESAPEAKE ENERGY CORP | 2,997,305 | $196M | 6.2% | $50.55 | — | *W EXP 02/09/202 | 165167164 |
| — | PALO ALTO NETWORKS INC | 69,226,000 | $155M | 4.9% | $1.67 | — | NOTE 0.750% 7/0 | 697435AD7 |
| EXEEZ | CHESAPEAKE ENERGY CORP | 2,295,261 | $141M | 4.5% | $51.74 | — | *W EXP 02/09/202 | 165167172 |
| — | NICE SYS INC | 38,163,000 | $104M | 3.3% | $2.33 | — | NOTE 1.250% 1/1 | 65366HAB9 |
| — | AKAMAI TECHNOLOGIES INC | 90,400,000 | $91.33M | 2.9% | $1.27 | — | NOTE 0.125% 5/0 | 00971TAJ0 |
| — | ETSY INC | 95,000,000 | $82.87M | 2.6% | $2.07 | — | NOTE 0.125%10/0 | 29786AAJ5 |
| — | NISOURCE INC | 787,500 | $82.26M | 2.6% | $115.59 | — | UNIT 12/01/2023 | 65473P121 |
| — | ZILLOW GROUP INC | 70,000,000 | $81.94M | 2.6% | $1.58 | — | NOTE 0.750% 9/0 | 98954MAE1 |
| — | SNAP INC | 85,000,000 | $80.67M | 2.6% | $2.98 | — | NOTE 0.250% 5/0 | 83304AAD8 |
| EXEEL | CHESAPEAKE ENERGY CORP | 1,294,187 | $74.8M | 2.4% | $48.95 | — | *W EXP 02/09/202 | 165167180 |
| EQT | EQT CORP | 2,083,300 | $66.48M | 2.1% | $21.58 | +42.2% | COM | 26884L109 |
| — | PEGASYSTEMS INC | 65,000,000 | $57.95M | 1.8% | $1.10 | — | NOTE 0.750% 3/0 | 705573AB9 |
| — | PELOTON INTERACTIVE INC | 73,500,000 | $56.17M | 1.8% | $0.81 | — | NOTE 2/1 | 70614WAB6 |
| DHR | DANAHER CORPORATION | 217,500 | $54.82M | 1.7% | $236.41 | -5.2% | COM | 235851102 |
| — | GUIDEWIRE SOFTWARE INC | 51,000,000 | $49.95M | 1.6% | $1.03 | — | NOTE 1.250% 3/1 | 40171VAA8 |
| — | SPOTIFY USA INC | 57,900,000 | $48.75M | 1.5% | $0.86 | — | NOTE 3/1 | 84921RAB6 |
| — | GUARDANT HEALTH INC | 68,500,000 | $46.26M | 1.5% | $0.95 | — | NOTE 11/1 | 40131MAB5 |
| — | REPLIGEN CORP | 60,500,000 | $45.61M | 1.4% | $2.10 | — | NOTE 0.375% 7/1 | 759916AB5 |
| CLVT 5.25 06/01/24 A | CLARIVATE PLC | 1,000,000 | $41.07M | 1.3% | $79.24 | — | 5.25% PFD CONV A | G21810208 |
| CNX | CNX RES CORP | 2,512,300 | $40.25M | 1.3% | $12.01 | +32.3% | COM | 12653C108 |
| — | ENPHASE ENERGY INC | 14,550,000 | $38.83M | 1.2% | $2.56 | — | NOTE 0.250% 3/0 | 29355AAF4 |
| — | CHART INDS INC | 700,000 | $37.44M | 1.2% | $51.05 | — | 6.75DP CNV PFD B | 16115Q407 |
| — | UNITY SOFTWARE INC | 47,000,000 | $36.64M | 1.2% | $0.75 | — | NOTE 11/1 | 91332UAB7 |
| — | SABRE CORP | 565,000 | $35.43M | 1.1% | $96.80 | — | 6.50% CONV PFD A | 78573M203 |
| — | INTEGRA LIFESCIENCES HLDGS C | 35,000,000 | $34.22M | 1.1% | $1.03 | — | NOTE 0.500% 8/1 | 457985AM1 |
| — | ALARM COM HLDGS INC | 40,000,000 | $33.95M | 1.1% | $0.85 | — | NOTE 1/1 | 011642AB1 |
| — | BLACKLINE INC | 39,000,000 | $33.25M | 1.1% | $0.84 | — | NOTE 3/1 | 09239BAD1 |
| — | DISH NETWORK CORPORATION | 56,500,000 | $30.11M | 1.0% | $0.93 | — | NOTE 12/1 | 25470MAF6 |
| — | CLOUDFLARE INC | 17,000,000 | $29.17M | 0.9% | $2.77 | — | NOTE 0.750% 5/1 | 18915MAB3 |
| — | DATADOG INC | 26,000,000 | $28.2M | 0.9% | $1.64 | — | NOTE 0.125% 6/1 | 23804LAB9 |
| F | FORD MTR CO DEL | 2,236,900 | $28.18M | 0.9% | $9.85 | +3.5% | COM | 345370860 |
| — | PROGRESS SOFTWARE CORP | 25,000,000 | $27.32M | 0.9% | $0.97 | — | NOTE 1.000% 4/1 | 743312AB6 |
| — | VERADIGM INC | 24,000,000 | $27.06M | 0.9% | $1.29 | — | NOTE 0.875% 1/0 | 01988PAF5 |
| — | UGI CORP NEW | 312,000 | $25.31M | 0.8% | $104.18 | — | UNIT 06/01/2024 | 902681113 |
| — | RBC BEARINGS INC | 220,000 | $24.79M | 0.8% | $104.20 | — | 5% CNV PFD SR A | 75524B203 |
| — | SPLUNK INC | 23,500,000 | $23.03M | 0.7% | $1.15 | — | NOTE 0.500% 9/1 | 848637AC8 |
| — | CHART INDS INC | 10,000,000 | $21.61M | 0.7% | $2.16 | — | NOTE 1.000%11/1 | 16115QAE0 |
| — | SPLUNK INC | 25,000,000 | $21.49M | 0.7% | $0.82 | — | NOTE 1.125% 6/1 | 848637AF1 |
| — | RAPID7 INC | 20,000,000 | $20.57M | 0.7% | $1.53 | — | NOTE 2.250% 5/0 | 753422AD6 |
| — | UNITED STATES STL CORP | 10,000,000 | $20.38M | 0.6% | $1.50 | — | NOTE 5.000%11/0 | 912909AT5 |
| — | AFFIRM HLDGS INC | 31,000,000 | $20.07M | 0.6% | $0.56 | — | NOTE 11/1 | 00827BAB2 |
| — | BRIDGEBIO PHARMA INC | 31,000,000 | $20.07M | 0.6% | $0.47 | — | NOTE 2.250% 2/0 | 10806XAD4 |
| — | WIX COM LTD | 19,000,000 | $18.79M | 0.6% | $1.50 | — | NOTE 7/0 | 92940WAB5 |
| — | FASTLY INC | 22,500,000 | $17.95M | 0.6% | $0.75 | — | NOTE 3/1 | 31188VAB6 |
| — | JAMF HLDG CORP | 21,500,000 | $17.8M | 0.6% | $0.82 | — | NOTE 0.125% 9/0 | 47074LAB1 |
| — | HAEMONETICS CORP MASS | 20,500,000 | $17.5M | 0.6% | $0.84 | — | NOTE 3/0 | 405024AB6 |
| — | TELADOC HEALTH INC | 21,000,000 | $16.3M | 0.5% | $0.77 | — | NOTE 1.250% 6/0 | 87918AAF2 |
| — | KKR & CO INC | 250,000 | $15.86M | 0.5% | $57.25 | — | 6% MCONV PFD C | 48251W401 |
| — | BIGCOMMERCE HLDGS INC | 20,000,000 | $15.32M | 0.5% | $0.74 | — | NOTE 0.250%10/0 | 08975PAB4 |
| — | BENTLEY SYS INC | 17,500,000 | $14.86M | 0.5% | $0.77 | — | NOTE 0.375% 7/0 | 08265TAD1 |
| AEP | AMERICAN ELEC PWR CO INC | 157,500 | $14.33M | 0.5% | $86.69 | -5.4% | COM | 025537101 |
| — | CONFLUENT INC | 17,500,000 | $13.91M | 0.4% | $0.76 | — | NOTE 1/1 | 20717MAB9 |
| — | VERINT SYSTEMS INC | 15,000,000 | $13.34M | 0.4% | $0.91 | — | NOTE 0.250% 4/1 | 92343XAC4 |
| CCL | CARNIVAL CORP | 1,276,500 | $12.96M | 0.4% | $10.36 | 0.0% | COMMON STOCK | 143658300 |
| — | SHOPIFY INC | 14,250,000 | $12.6M | 0.4% | $0.83 | — | NOTE 0.125%11/0 | 82509LAA5 |
| — | EXACT SCIENCES CORP | 10,335,000 | $11.87M | 0.4% | $1.84 | — | NOTE 1.000% 1/1 | 30063PAA3 |
| BURL | BURLINGTON STORES INC | 58,700 | $11.86M | 0.4% | $234.43 | -6.8% | COM | 122017106 |
| — | NEW RELIC INC | 11,600,000 | $11.57M | 0.4% | $0.98 | — | NOTE 0.500% 5/0 | 64829BAB6 |
| CNK | CINEMARK HLDGS INC | 780,400 | $11.54M | 0.4% | $12.37 | -3.1% | COM | 17243V102 |
| PR | PERMIAN RESOURCES CORP | 1,098,900 | $11.54M | 0.4% | $6.91 | +47.8% | CLASS A COM | 71424F105 |
| — | CUTERA INC | 11,355,000 | $11.42M | 0.4% | $1.35 | — | NOTE 2.250% 3/1 | 232109AB4 |
| — | TECHTARGET INC | 12,500,000 | $9.713M | 0.3% | $0.78 | — | NOTE 12/1 | 87874RAD2 |
| — | SAREPTA THERAPEUTICS INC | 5,000,000 | $9.672M | 0.3% | $1.31 | — | DBCV 1.500%11/1 | 803607AB6 |
| — | ACTIVISION BLIZZARD INC | 106,900 | $9.15M | 0.3% | $79.90 | — | COM | 00507V109 |
| ZD | ZIFF DAVIS INC | 106,900 | $8.344M | 0.3% | $90.13 | -9.1% | COM | 48123V102 |
| — | CABLE ONE INC | 10,500,000 | $8.337M | 0.3% | $0.81 | — | NOTE 3/1 | 12685JAE5 |
| — | ITRON INC | 10,000,000 | $8.325M | 0.3% | $0.83 | — | NOTE 3/1 | 465741AN6 |
| — | PROS HOLDINGS INC | 7,500,000 | $7.097M | 0.2% | $1.03 | — | NOTE 1.000% 5/1 | 74346YAH6 |
| — | ENVESTNET INC | 7,500,000 | $6.802M | 0.2% | $0.86 | — | NOTE 0.750% 8/1 | 29404KAE6 |
| — | BENTLEY SYS INC | 6,300,000 | $5.997M | 0.2% | $0.87 | — | NOTE 0.125% 1/1 | 08265TAB5 |
| — | INSMED INC | 7,500,000 | $5.831M | 0.2% | $0.83 | — | NOTE 0.750% 6/0 | 457669AB5 |
| BKNG | BOOKING HOLDINGS INC | 2,190 | $5.809M | 0.2% | $1994.13 | +20.1% | COM | 09857L108 |
| — | SEA LTD | 7,000,000 | $5.519M | 0.2% | $0.72 | — | NOTE 0.250% 9/1 | 81141RAG5 |
| — | VARONIS SYS INC | 5,000,000 | $5.475M | 0.2% | $1.95 | — | NOTE 1.250% 8/1 | 922280AB8 |
| — | EPR PPTYS | 300,000 | $5.34M | 0.2% | $18.71 | — | PFD C CV 5.75% | 26884U208 |
| — | REDWOOD TRUST INC | 5,080,000 | $4.991M | 0.2% | $1.00 | — | NOTE 4.750% 8/1 | 758075AC9 |
| — | RINGCENTRAL INC | 5,000,000 | $4.428M | 0.1% | $0.90 | — | NOTE 3/0 | 76680RAF4 |
| BMRN | BIOMARIN PHARMACEUTICAL INC | 43,000 | $4.181M | 0.1% | $95.47 | +8.6% | COM | 09061G101 |
| — | REDFIN CORP | 4,123,000 | $4.052M | 0.1% | $0.91 | — | NOTE 1.750% 7/1 | 75737FAA6 |
| — | RWT HLDGS INC | 4,250,000 | $3.857M | 0.1% | $0.94 | — | NOTE 5.750%10/0 | 749772AD1 |
| UBER | UBER TECHNOLOGIES INC | 117,300 | $3.718M | 0.1% | $42.71 | -25.7% | COM | 90353T100 |
| — | ALGONQUIN PWR UTILS CORP | 325,000 | $3.696M | 0.1% | $29.07 | — | UNIT 06/15/2024 | 015857873 |
| — | LIVEPERSON INC | 6,000,000 | $3.6M | 0.1% | $0.80 | — | NOTE 12/1 | 538146AD3 |
| — | NEOGENOMICS INC | 3,500,000 | $3.283M | 0.1% | $0.86 | — | NOTE 1.250% 5/0 | 64049MAA8 |
| BDX | BECTON DICKINSON & CO | 12,900 | $3.193M | 0.1% | $233.85 | -0.7% | COM | 075887109 |
| — | APOLLO COML REAL ESTATE FIN | 3,000,000 | $2.936M | 0.1% | $0.85 | — | NOTE 5.375%10/1 | 03762UAC9 |
| — | NUTANIX INC | 3,500,000 | $2.934M | 0.1% | $0.84 | — | NOTE 0.250%10/0 | 67059NAH1 |
| MP | MP MATERIALS CORP | 96,000 | $2.706M | 0.1% | $31.08 | -2.7% | COM CL A | 553368101 |
| — | ZSCALER INC | 2,500,000 | $2.649M | 0.1% | $1.28 | — | NOTE 0.125% 7/0 | 98980GAB8 |
| — | CERIDIAN HCM HLDG INC | 2,500,000 | $2.255M | 0.1% | $0.88 | — | NOTE 0.250% 3/1 | 15677JAD0 |
| — | AIR TRANSPORT SERVICES GRP I | 108,100 | $2.252M | 0.1% | $22.03 | — | COM | 00922R105 |
| — | LIBERTY MEDIA CORP DEL | 2,000,000 | $2.179M | 0.1% | $1.20 | — | NOTE 1.375%10/1 | 531229AB8 |
| — | Q2 HLDGS INC | 2,500,000 | $2.071M | 0.1% | $0.91 | — | NOTE 0.125%11/1 | 74736LAF6 |
| — | INSMED INC | 2,250,000 | $2.054M | 0.1% | $1.00 | — | NOTE 1.750% 1/1 | 457669AA7 |
| COIN | COINBASE GLOBAL INC | 30,000 | $2.027M | 0.1% | $195.25 | -69.3% | COM CL A | 19260Q107 |
| — | POST HOLDINGS PARTNERING COR | 200,000 | $2.024M | 0.1% | $9.72 | — | COM SER A | 737465104 |
| — | DIGITALOCEAN HLDGS INC | 2,500,000 | $1.976M | 0.1% | $0.75 | — | NOTE 12/0 | 25402DAB8 |
| — | BROOKDALE SR LIVING INC | 40,000 | $1.849M | 0.1% | $44.23 | — | UNIT 11/15/2023 | 112463302 |
| — | REDWOOD TRUST INC | 1,943,000 | $1.847M | 0.1% | $1.01 | — | NOTE 5.625% 7/1 | 758075AD7 |
| EEFT | EURONET WORLDWIDE INC | 15,300 | $1.712M | 0.1% | $128.57 | -15.9% | COM | 298736109 |
| — | BLACKSTONE MORTGAGE TRUST IN | 2,000,000 | $1.586M | 0.1% | $0.79 | — | NOTE 5.500% 3/1 | 09257WAE0 |
| CLF | CLEVELAND-CLIFFS INC NEW | 73,000 | $1.338M | 0.0% | $20.89 | -5.2% | COM | 185899101 |
| — | EPR PPTYS | 50,000 | $1.323M | 0.0% | $25.68 | — | CONV PFD 9% SR E | 26884U307 |
| — | WIX COM LTD | 1,500,000 | $1.302M | 0.0% | $0.87 | — | NOTE 8/1 | 92940WAD1 |
| ADNT | ADIENT PLC | 26,500 | $1.085M | 0.0% | $25.89 | +61.3% | ORD SHS | G0084W101 |
| JAZZ | JAZZ PHARMACEUTICALS PLC | 6,600 | $966K | 0.0% | $110.58 | +33.8% | SHS USD | G50871105 |
| CHGG | CHEGG INC | 58,200 | $949K | 0.0% | $37.13 | -49.6% | COM | 163092109 |
| RPAY | REPAY HLDGS CORP | 112,500 | $739K | 0.0% | $21.90 | -62.4% | COM CL A | 76029L100 |
| ASTLW | ALGOMA STL GROUP INC | 414,191 | $725K | 0.0% | $1.04 | — | *W EXP 10/19/202 | 015658115 |
| SATS | ECHOSTAR CORP | 30,000 | $549K | 0.0% | $30.37 | -39.7% | CL A | 278768106 |
| OI | O-I GLASS INC | 20,000 | $454K | 0.0% | $9.82 | +113.6% | COM | 67098H104 |
| — | IMMATICS N.V | 252,741 | $364K | 0.0% | $3.58 | — | *W EXP 07/01/202 | N44445117 |
| GT | GOODYEAR TIRE & RUBR CO | 30,000 | $331K | 0.0% | $11.09 | 0.0% | COM | 382550101 |
| BHC | BAUSCH HEALTH COS INC | 30,000 | $243K | 0.0% | $21.81 | -63.2% | COM | 071734107 |
| GCMGW | GCM GROSVENOR INC | 243,290 | $137K | 0.0% | $1.22 | — | *W EXP 11/17/202 | 36831E116 |
| — | COMPUTE HEALTH ACQUISITIN CO | 200,000 | $80,000 | 0.0% | $0.48 | — | *W EXP 01/25/202 | 204833115 |
| — | EVO ACQUISITION CORP | 150,000 | $24,750 | 0.0% | $0.65 | — | *W EXP 01/04/202 | 30052G116 |
| BFLYW | BUTTERFLY NETWORK INC | 49,393 | $13,143 | 0.0% | $6.45 | — | *W EXP 02/12/202 | 124155110 |