Location: Mill Valley, CA
CIK: 0001728201 · Show all filings
Period: Q2 2025 (← Previous) (Next →)
Filing Date: Aug 1, 2025
Total Value: $3.068B (23.2% shares, 76.8% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | TXNM ENERGY INC | 110,000,000 | $143M | 4.7% | $1.30 | — | NOTE 5.750% 6/0 | 69349HAF4 |
| — | AIRBNB INC | 125,000,000 | $121M | 3.9% | $0.94 | — | NOTE 3/1 | 009066AB7 |
| — | SEAGATE HDD CAYMAN | 63,000,000 | $113M | 3.7% | $1.38 | — | NOTE 3.500% 6/0 | 81180WBL4 |
| — | BRIGHTSPRING HEALTH SVCS INC | 1,290,000 | $106M | 3.5% | $61.92 | — | UNIT 02/01/2027 | 10950A205 |
| — | HEWLETT PACKARD ENTERPRISE C | 1,800,000 | $106M | 3.5% | $60.97 | — | 7.625 MAND CONV | 42824C208 |
| — | RIVIAN AUTOMOTIVE INC | 115,000,000 | $103M | 3.4% | $0.90 | — | NOTE 3.625%10/1 | 76954AAD5 |
| — | ALIBABA GROUP HLDG LTD | 80,000,000 | $102M | 3.3% | $1.28 | — | NOTE 0.500% 6/0 | 01609WBG6 |
| — | FORD MTR CO | 101,500,000 | $101M | 3.3% | $1.00 | — | NOTE 3/1 | 345370CZ1 |
| — | UGI CORP NEW | 70,000,000 | $96.81M | 3.2% | $1.38 | — | NOTE 5.000% 6/0 | 902681AB1 |
| — | EVERGY INC | 75,000,000 | $87.85M | 2.9% | $1.12 | — | NOTE 4.500%12/1 | 30034WAD8 |
| — | WEC ENERGY GROUP INC | 75,000,000 | $86.74M | 2.8% | $1.16 | — | NOTE 4.375% 6/0 | 92939UAR7 |
| — | CENTERPOINT ENERGY INC | 77,500,000 | $84.05M | 2.7% | $1.02 | — | NOTE 4.250% 8/1 | 15189TBD8 |
| EXEEL | EXPAND ENERGY CORPORATION | 737,982 | $80.03M | 2.6% | $48.95 | — | *W EXP 02/09/202 | 165167180 |
| — | AMERICAN WTR CAP CORP | 75,000,000 | $75.67M | 2.5% | $1.03 | — | NOTE 3.625% 6/1 | 03040WBE4 |
| — | BOEING CO | 1,100,000 | $74.8M | 2.4% | $65.03 | — | DEP CONV PFD A | 097023204 |
| — | VENTAS RLTY LTD PARTNERSHIP | 59,500,000 | $71.28M | 2.3% | $1.05 | — | NOTE 3.750% 6/0 | 92277GAZ0 |
| — | ETSY INC | 71,500,000 | $69.27M | 2.3% | $1.97 | — | NOTE 0.125%10/0 | 29786AAJ5 |
| — | CMS ENERGY CORP | 60,000,000 | $63.93M | 2.1% | $0.98 | — | NOTE 3.375% 5/0 | 125896BX7 |
| — | ALLIANT ENERGY CORP | 60,000,000 | $61.77M | 2.0% | $0.99 | — | NOTE 3.875% 3/1 | 018802AC2 |
| — | INTERDIGITAL INC | 20,000,000 | $58.3M | 1.9% | $1.95 | — | NOTE 3.500% 6/0 | 45867GAD3 |
| — | REPLIGEN CORP | 58,500,000 | $58.24M | 1.9% | $1.02 | — | NOTE 1.000%12/1 | 759916AD1 |
| — | WEC ENERGY GROUP INC | 50,000,000 | $56.57M | 1.8% | $1.13 | — | NOTE 4.375% 6/0 | 92939UAP1 |
| — | PG&E CORP | 1,500,000 | $56.4M | 1.8% | $44.71 | — | PFD CONV SER A | 69331C306 |
| — | ALARM COM HLDGS INC | 57,500,000 | $56.06M | 1.8% | $0.89 | — | NOTE 1/1 | 011642AB1 |
| — | PROGRESS SOFTWARE CORP | 45,000,000 | $53.77M | 1.8% | $1.06 | — | NOTE 1.000% 4/1 | 743312AB6 |
| — | DUKE ENERGY CORP NEW | 48,000,000 | $50.84M | 1.7% | $1.00 | — | NOTE 4.125% 4/1 | 26441CBY0 |
| — | SHOPIFY INC | 50,000,000 | $50.73M | 1.7% | $0.90 | — | NOTE 0.125%11/0 | 82509LAA5 |
| — | NEXTERA ENERGY INC | 1,050,000 | $49.44M | 1.6% | $50.98 | — | UNIT 06/01/2027 | 65339F663 |
| — | ALNYLAM PHARMACEUTICALS INC | 37,500,000 | $48.81M | 1.6% | $1.02 | — | NOTE 1.000% 9/1 | 02043QAB3 |
| — | SOUTHERN CO | 43,500,000 | $48.2M | 1.6% | $1.00 | — | NOTE 3.875%12/1 | 842587DP9 |
| — | BLACKLINE INC | 38,500,000 | $37.11M | 1.2% | $0.86 | — | NOTE 3/1 | 09239BAD1 |
| — | EXACT SCIENCES CORP | 37,500,000 | $35.77M | 1.2% | $0.94 | — | NOTE 0.375% 3/1 | 30063PAB1 |
| — | SOUTHERN CO | 29,500,000 | $32.6M | 1.1% | $1.11 | — | NOTE 4.500% 6/1 | 842587DZ7 |
| — | PG&E CORP | 30,000,000 | $29.84M | 1.0% | $0.99 | — | NOTE 4.250%12/0 | 69331CAL2 |
| — | CONFLUENT INC | 30,960,000 | $28.64M | 0.9% | $0.84 | — | NOTE 1/1 | 20717MAB9 |
| CCL | CARNIVAL CORP | 1,004,704 | $28.25M | 0.9% | $12.52 | +71.0% | UNIT 99/99/9999 | 143658300 |
| — | CHART INDS INC | 465,000 | $28.09M | 0.9% | $53.40 | — | 6.75DP CNV PFD B | 16115Q407 |
| — | ALBEMARLE CORP | 800,000 | $25.68M | 0.8% | $53.66 | — | 7.25% DEP SHS A | 012653200 |
| SPOT | SPOTIFY TECHNOLOGY S A | 32,500 | $24.94M | 0.8% | $503.48 | +27.5% | SHS | L8681T102 |
| COIN | COINBASE GLOBAL INC | 68,600 | $24.04M | 0.8% | $213.27 | +9.6% | COM CL A | 19260Q107 |
| — | GUARDANT HEALTH INC | 20,000,000 | $23.36M | 0.8% | $1.04 | — | DEBT 1.250% 2/1 | 40131MAD1 |
| — | CSG SYS INTL INC | 20,000,000 | $22.63M | 0.7% | $1.03 | — | NOTE 3.875% 9/1 | 126349AH2 |
| — | JAMF HLDG CORP | 22,500,000 | $21.25M | 0.7% | $0.83 | — | NOTE 0.125% 9/0 | 47074LAB1 |
| — | FIRSTENERGY CORP | 20,000,000 | $20.14M | 0.7% | $0.99 | — | NOTE 4.000% 5/0 | 337932AR8 |
| FLR | FLUOR CORP NEW | 375,318 | $19.24M | 0.6% | $37.43 | +6.5% | COM | 343412102 |
| — | ENPHASE ENERGY INC | 20,000,000 | $19.17M | 0.6% | $0.95 | — | NOTE 3/0 | 29355AAH0 |
| — | PPL CAP FDG INC | 17,500,000 | $18.94M | 0.6% | $0.97 | — | NOTE 2.875% 3/1 | 69352PAS2 |
| — | CYTOKINETICS INC | 17,500,000 | $18.66M | 0.6% | $1.27 | — | NOTE 3.500% 7/0 | 23282WAC4 |
| — | UNITY SOFTWARE INC | 18,674,000 | $17.48M | 0.6% | $0.76 | — | NOTE 11/1 | 91332UAB7 |
| — | ENOVIS CORPORATION | 17,500,000 | $17.32M | 0.6% | $1.05 | — | NOTE 3.875%10/1 | 194014AB2 |
| — | BENTLEY SYS INC | 18,000,000 | $17.02M | 0.6% | $0.84 | — | NOTE 0.375% 7/0 | 08265TAD1 |
| — | SUPER MICRO COMPUTER INC | 15,000,000 | $15.71M | 0.5% | $0.97 | — | NOTE 3.500% 3/0 | 86800UAB0 |
| — | PROS HOLDINGS INC | 15,000,000 | $14.22M | 0.5% | $0.94 | — | NOTE 2.250% 9/1 | 74346YAG8 |
| — | LIVE NATION ENTERTAINMENT IN | 9,000,000 | $13.85M | 0.5% | $1.36 | — | NOTE 3.125% 1/1 | 538034BA6 |
| — | UBER TECHNOLOGIES INC | 9,000,000 | $12.88M | 0.4% | $1.43 | — | NOTE 0.875%12/0 | 90353TAM2 |
| MCHP | MICROCHIP TECHNOLOGY INC. | 171,000 | $12.03M | 0.4% | $53.89 | 0.0% | COM | 595017104 |
| — | VERTEX INC | 10,000,000 | $12.01M | 0.4% | $1.20 | — | NOTE 0.750% 5/0 | 92538JAB2 |
| — | EPR PPTYS | 440,000 | $11.02M | 0.4% | $18.70 | — | PFD C CV 5.75% | 26884U208 |
| — | ETSY INC | 12,500,000 | $10.76M | 0.4% | $0.81 | — | NOTE 0.250% 6/1 | 29786AAN6 |
| — | MIRUM PHARMACEUTICALS INC | 6,000,000 | $10.65M | 0.3% | $1.53 | — | NOTE 4.000% 5/0 | 604749AB7 |
| NTNX | NUTANIX INC | 134,916 | $10.31M | 0.3% | $71.98 | 0.0% | CL A | 67059N108 |
| — | SNAP INC | 10,000,000 | $9.075M | 0.3% | $0.83 | — | NOTE 5/0 | 83304AAF3 |
| — | VARONIS SYS INC | 5,000,000 | $8.277M | 0.3% | $1.95 | — | NOTE 1.250% 8/1 | 922280AB8 |
| SIRI | SIRIUSXM HOLDINGS INC | 293,124 | $6.733M | 0.2% | $31.06 | -30.7% | COMMON STOCK | 829933100 |
| ETSY | ETSY INC | 122,074 | $6.123M | 0.2% | $50.63 | -1.8% | COM | 29786A106 |
| — | CYBERARK SOFTWARE LTD | 12,727 | $5.178M | 0.2% | $406.88 | — | SHS | M2682V108 |
| — | KELLANOVA | 64,546 | $5.133M | 0.2% | $80.05 | +0.2% | COM | 487836108 |
| — | BENTLEY SYS INC | 5,000,000 | $4.985M | 0.2% | $1.00 | — | NOTE 0.125% 1/1 | 08265TAB5 |
| NET | CLOUDFLARE INC | 23,519 | $4.606M | 0.2% | $143.41 | +1.2% | CL A COM | 18915M107 |
| — | NEXTERA ENERGY INC | 100,000 | $3.974M | 0.1% | $39.74 | — | UNIT 09/01/2025 | 65339F713 |
| — | LIVEPERSON INC | 9,400,000 | $3.713M | 0.1% | $0.65 | — | NOTE 12/1 | 538146AD3 |
| — | WOLFSPEED INC | 13,660,000 | $3.517M | 0.1% | $0.26 | — | NOTE 1.750% 5/0 | 225447AD3 |
| CAKE | CHEESECAKE FACTORY INC | 53,600 | $3.359M | 0.1% | $52.53 | 0.0% | COM | 163072101 |
| — | PACIRA BIOSCIENCES INC | 3,298,000 | $3.278M | 0.1% | $0.93 | — | NOTE 0.750% 8/0 | 695127AF7 |
| — | ENPHASE ENERGY INC | 3,500,000 | $2.847M | 0.1% | $0.82 | — | NOTE 3/0 | 29355AAK3 |
| RPAY | REPAY HLDGS CORP | 578,484 | $2.788M | 0.1% | $10.59 | -56.9% | COM CL A | 76029L100 |
| — | ALARM COM HLDGS INC | 2,500,000 | $2.431M | 0.1% | $0.97 | — | NOTE 2.250% 6/0 | 011642AD7 |
| — | HAEMONETICS CORP MASS | 2,500,000 | $2.422M | 0.1% | $0.84 | — | NOTE 3/0 | 405024AB6 |
| — | VISHAY INTERTECHNOLOGY INC | 2,500,000 | $2.25M | 0.1% | $0.90 | — | NOTE 2.250% 9/1 | 928298AR9 |
| — | EPR PPTYS | 71,692 | $2.235M | 0.1% | $27.03 | — | CONV PFD 9% SR E | 26884U307 |
| PSN | PARSONS CORP DEL | 29,300 | $2.103M | 0.1% | $74.27 | -11.1% | COM | 70202L102 |
| JAZZ | JAZZ PHARMACEUTICALS PLC | 16,700 | $1.772M | 0.1% | $121.17 | -10.4% | SHS USD | G50871105 |
| GENVR | GEN DIGITAL INC | 200,000 | $1.632M | 0.1% | $8.16 | — | RIGHT 99/99/9999 | 668771116 |
| CLF | CLEVELAND-CLIFFS INC NEW | 200,000 | $1.52M | 0.0% | $12.34 | -39.8% | COM | 185899101 |
| WK | WORKIVA INC | 22,200 | $1.52M | 0.0% | $92.18 | -25.4% | COM CL A | 98139A105 |
| — | COMPOSECURE INC | 231,114 | $1.435M | 0.0% | $3.82 | — | *W EXP 12/27/202 | 20459V113 |
| ADNT | ADIENT PLC | 70,000 | $1.362M | 0.0% | $14.78 | 0.0% | ORD SHS | G0084W101 |
| OXY/WS | OCCIDENTAL PETE CORP | 62,810 | $1.301M | 0.0% | $20.71 | — | *W EXP 08/03/202 | 674599162 |
| GCMGW | GCM GROSVENOR INC | 1,657,604 | $1.061M | 0.0% | $0.69 | — | *W EXP 11/17/202 | 36831E116 |
| BAX | BAXTER INTL INC | 25,000 | $757K | 0.0% | $40.15 | -25.3% | COM | 071813109 |
| OMF | ONEMAIN HLDGS INC | 8,426 | $480K | 0.0% | $40.79 | +22.2% | COM | 68268W103 |
| GT | GOODYEAR TIRE & RUBR CO | 30,000 | $311K | 0.0% | $11.09 | -4.5% | COM | 382550101 |
| OI | O-I GLASS INC | 20,000 | $295K | 0.0% | $9.82 | +30.2% | COM | 67098H104 |
| ZD | ZIFF DAVIS INC | 7,033 | $213K | 0.0% | $90.13 | -64.3% | Call | 48123V102 |
| ASTLW | ALGOMA STL GROUP INC | 414,191 | $211K | 0.0% | $1.04 | — | *W EXP 10/19/202 | 015658115 |
| BFLYW | BUTTERFLY NETWORK INC | 49,393 | $2,978 | 0.0% | $0.09 | — | *W EXP 02/12/202 | 124155110 |