Location: Mill Valley, CA
CIK: 0001728201 · Show all filings
Period: Q1 2026 (← Previous) (Next →)
Filing Date: May 15, 2026
Total Value: $5.158B (23.0% shares, 77.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | WESTERN DIGITAL CORP | 55,500,000 | $397M | 7.7% | $5.22 | — | NOTE 3.000%11/1 | 958102AT2 |
| — | ALIBABA GROUP HLDG LTD | 181,600,000 | $252M | 4.9% | $1.50 | — | NOTE 0.500% 6/0 | 01609WBG6 |
| — | ECHOSTAR CORP | 69,000,000 | $247M | 4.8% | $3.27 | — | NOTE 3.875%11/3 | 278768AB2 |
| — | HEWLETT PACKARD ENTERPRISE C | 3,500,000 | $226M | 4.4% | $63.61 | — | 7.625 MAND CONV | 42824C208 |
| — | SEAGATE HDD CAYMAN | 43,318,000 | $206M | 4.0% | $2.24 | — | NOTE 3.500% 6/0 | 81180WBL4 |
| — | EVERGY INC | 134,000,000 | $181M | 3.5% | $1.17 | — | NOTE 4.500%12/1 | 30034WAD8 |
| — | SNOWFLAKE INC | 146,500,000 | $173M | 3.4% | $1.51 | — | NOTE 10/0 | 833445AB5 |
| — | VENTAS RLTY LTD PARTNERSHIP | 109,195,000 | $163M | 3.2% | $1.21 | — | NOTE 3.750% 6/0 | 92277GAZ0 |
| — | WEC ENERGY GROUP INC | 123,500,000 | $153M | 3.0% | $1.17 | — | NOTE 4.375% 6/0 | 92939UAR7 |
| — | RIVIAN AUTOMOTIVE INC | 155,000,000 | $149M | 2.9% | $0.94 | — | NOTE 3.625%10/1 | 76954AAD5 |
| — | TXNM ENERGY INC | 110,000,000 | $147M | 2.8% | $1.30 | — | NOTE 5.750% 6/0 | 69349HAF4 |
| — | BRUKER CORP | 500,000 | $144M | 2.8% | $289.67 | — | 6.375 PREF SER A | 116794207 |
| — | CENTERPOINT ENERGY INC | 107,250,000 | $127M | 2.5% | $1.04 | — | NOTE 4.250% 8/1 | 15189TBD8 |
| — | DUKE ENERGY CORP NEW | 100,000,000 | $110M | 2.1% | $1.03 | — | NOTE 4.125% 4/1 | 26441CBY0 |
| — | ORACLE CORP | 2,250,000 | $103M | 2.0% | $45.91 | — | 6.5 DEP CUM SR D | 68389X204 |
| — | AKAMAI TECHNOLOGIES INC | 85,000,000 | $97.29M | 1.9% | $1.01 | — | NOTE 1.125% 2/1 | 00971TAN1 |
| — | PG&E CORP | 2,200,000 | $94.58M | 1.8% | $43.71 | — | PFD CONV SER A | 69331C306 |
| — | ALBEMARLE CORP | 1,300,000 | $93.41M | 1.8% | $71.85 | — | 7.25% DEP SHS A | 012653200 |
| — | TRIP COM GROUP LTD | 90,000,000 | $93.35M | 1.8% | $1.27 | — | NOTE 0.750% 6/1 | 89677QAB3 |
| — | UGI CORP NEW | 65,000,000 | $91.34M | 1.8% | $1.38 | — | NOTE 5.000% 6/0 | 902681AB1 |
| — | INTERDIGITAL INC | 22,300,000 | $87.08M | 1.7% | $2.17 | — | NOTE 3.500% 6/0 | 45867GAD3 |
| — | AMERICAN WTR CAP CORP | 83,190,000 | $83.07M | 1.6% | $1.02 | — | NOTE 3.625% 6/1 | 03040WBE4 |
| — | GRANITE CONSTR INC | 50,000,000 | $82.44M | 1.6% | $1.61 | — | NOTE 3.250% 6/1 | 387328AF4 |
| — | WEC ENERGY GROUP INC | 67,500,000 | $81.41M | 1.6% | $1.13 | — | NOTE 4.375% 6/0 | 92939UAP1 |
| — | REPLIGEN CORP | 81,350,000 | $79.48M | 1.5% | $1.03 | — | NOTE 1.000%12/1 | 759916AD1 |
| — | CMS ENERGY CORP | 70,000,000 | $79.19M | 1.5% | $1.00 | — | NOTE 3.375% 5/0 | 125896BX7 |
| — | ETSY INC | 80,000,000 | $78.22M | 1.5% | $1.70 | — | NOTE 0.125%10/0 | 29786AAJ5 |
| — | GUARDANT HEALTH INC | 42,500,000 | $71.52M | 1.4% | $1.45 | — | DEBT 1.250% 2/1 | 40131MAD1 |
| — | LIVE NATION ENTERTAINMENT IN | 45,000,000 | $68.47M | 1.3% | $1.54 | — | NOTE 3.125% 1/1 | 538034BA6 |
| — | INTEGER HLDGS CORP | 68,000,000 | $65.18M | 1.3% | $0.96 | — | DBCV 1.875% 3/1 | 45826HAD1 |
| — | PG&E CORP | 61,250,000 | $63.47M | 1.2% | $1.01 | — | NOTE 4.250%12/0 | 69331CAL2 |
| — | UNITY SOFTWARE INC | 60,000,000 | $59.89M | 1.2% | $1.00 | — | NOTE 3/1 | 91332UAH4 |
| — | MICROCHIP TECHNOLOGY INC. | 1,050,000 | $59.82M | 1.2% | $56.97 | — | DEP SHS REPSTG | 595017302 |
| — | NEXTERA ENERGY INC | 1,110,000 | $55.76M | 1.1% | $50.23 | — | UNIT 02/15/2029 | 65339F655 |
| — | GUIDEWIRE SOFTWARE INC | 55,000,000 | $54.9M | 1.1% | $1.10 | — | NOTE 1.250%11/0 | 40171VAC4 |
| — | NOVANTA INC | 1,000,000 | $53.64M | 1.0% | $54.58 | — | UNIT 11/01/2028 | 67000B203 |
| — | ITRON INC | 50,000,000 | $50.38M | 1.0% | $1.12 | — | NOTE 1.375% 7/1 | 465741AQ9 |
| — | JAZZ INVESTMENTS I LTD | 35,000,000 | $49.65M | 1.0% | $1.37 | — | NOTE 3.125% 9/1 | 472145AH4 |
| — | NEXTERA ENERGY INC | 725,000 | $40.59M | 0.8% | $50.98 | — | UNIT 06/01/2027 | 65339F663 |
| — | BENTLEY SYS INC | 42,500,000 | $40.42M | 0.8% | $0.91 | — | NOTE 0.375% 7/0 | 08265TAD1 |
| — | MIRUM PHARMACEUTICALS INC | 12,000,000 | $35.9M | 0.7% | $2.26 | — | NOTE 4.000% 5/0 | 604749AB7 |
| — | PROGRESS SOFTWARE CORP | 30,000,000 | $29.96M | 0.6% | $1.05 | — | NOTE 1.000% 4/1 | 743312AB6 |
| — | SUPER MICRO COMPUTER INC | 30,000,000 | $26.15M | 0.5% | $0.87 | — | NOTE 2.250% 7/1 | 86800UAD6 |
| — | PPL CAP FDG INC | 21,500,000 | $25.21M | 0.5% | $1.00 | — | NOTE 2.875% 3/1 | 69352PAS2 |
| — | WHIRLPOOL CORP | 600,000 | $24.57M | 0.5% | $40.95 | — | 8.5 DEP SR A CNV | 963320205 |
| — | VARONIS SYS INC | 27,500,000 | $24.06M | 0.5% | $0.90 | — | NOTE 1.000% 9/1 | 922280AD4 |
| — | ALIGNMENT HEALTHCARE INC | 15,000,000 | $21.16M | 0.4% | $1.52 | — | NOTE 4.250%11/1 | 01625VAB0 |
| — | PPL CORP | 400,000 | $20.52M | 0.4% | $51.29 | — | UNIT 02/15/2029 | 69351T866 |
| EA | ELECTRONIC ARTS INC | 99,417 | $20.27M | 0.4% | $201.96 | +0.3% | COM | 285512109 |
| MKSI | MKS INC. | 84,268 | $19.37M | 0.4% | $199.40 | +12.9% | COM | 55306N104 |
| — | UNITY SOFTWARE INC | 18,674,000 | $18.17M | 0.4% | $0.76 | — | NOTE 11/1 | 91332UAB7 |
| COIN | COINBASE GLOBAL INC | 99,811 | $17.43M | 0.3% | $225.40 | -11.0% | COM CL A | 19260Q107 |
| FLR | FLUOR CORP | 352,672 | $16.45M | 0.3% | $37.43 | +25.0% | COM | 343412102 |
| CRWV | COREWEAVE INC | 208,658 | $16.16M | 0.3% | $95.36 | -4.1% | COM CL A | 21873S108 |
| — | IREN LIMITED | 6,713,000 | $15.34M | 0.3% | $2.31 | — | NOTE 3.250% 6/1 | 46270CAB5 |
| FOX | FOX CORP | 258,453 | $13.72M | 0.3% | $57.40 | +5.8% | CL B COM | 35137L204 |
| — | FIRSTENERGY CORP | 12,500,000 | $13.66M | 0.3% | $0.99 | — | NOTE 4.000% 5/0 | 337932AR8 |
| CAKE | CHEESECAKE FACTORY INC | 243,875 | $13.35M | 0.3% | $56.81 | +5.6% | COM | 163072101 |
| IBIT | ISHARES BITCOIN TRUST ETF | 325,000 | $12.49M | 0.2% | $61.46 | — | SHS BEN INT | 46438F101 |
| NTNX | NUTANIX INC | 319,826 | $12.16M | 0.2% | $59.87 | -27.1% | CL A | 67059N108 |
| WBD | WARNER BROS DISCOVERY INC | 440,000 | $12.08M | 0.2% | $28.24 | 0.0% | COM SER A | 934423104 |
| — | UBER TECHNOLOGIES INC | 10,000,000 | $12.04M | 0.2% | $1.41 | — | NOTE 0.875%12/0 | 90353TAM2 |
| — | ADVANCED ENERGY INDS | 5,000,000 | $12.03M | 0.2% | $1.64 | — | NOTE 2.500% 9/1 | 007973AE0 |
| PANW | PALO ALTO NETWORKS INC | 70,743 | $11.34M | 0.2% | $172.15 | 0.0% | COM | 697435105 |
| — | ETSY INC | 12,500,000 | $11.19M | 0.2% | $0.81 | — | NOTE 0.250% 6/1 | 29786AAN6 |
| — | VSE CORP | 200,000 | $10.06M | 0.2% | $50.30 | — | UNIT 02/01/2029 | 918284209 |
| — | EPR PPTYS | 440,000 | $9.948M | 0.2% | $18.70 | — | PFD C CV 5.75% | 26884U208 |
| — | REDWOOD TRUST INC | 9,750,000 | $9.896M | 0.2% | $1.01 | — | NOTE 7.750% 6/1 | 758075AF2 |
| SO | SOUTHERN CO | 95,382 | $9.206M | 0.2% | $89.90 | -0.4% | COM | 842587107 |
| — | CLOUDFLARE INC | 7,850,000 | $9.205M | 0.2% | $1.17 | — | NOTE 8/1 | 18915MAC1 |
| SIRI | SIRIUSXM HOLDINGS INC | 393,124 | $9.073M | 0.2% | $28.48 | -26.5% | COMMON STOCK | 829933100 |
| — | RIOT PLATFORMS INC | 7,500,000 | $8.644M | 0.2% | $1.13 | — | NOTE 0.750% 1/1 | 767292AB1 |
| — | SNOWFLAKE INC | 6,900,000 | $8.457M | 0.2% | $1.57 | — | NOTE 10/0 | 833445AD1 |
| ETSY | ETSY INC | 152,081 | $7.601M | 0.1% | $56.76 | -1.6% | COM | 29786A106 |
| CORZW | CORE SCIENTIFIC INC NEW | 736,969 | $6.448M | 0.1% | $8.46 | — | *W EXP 01/23/202 | 21874A114 |
| NWSA | NEWS CORP NEW | 242,945 | $6.057M | 0.1% | $27.34 | -8.0% | CL A | 65249B109 |
| ORA | ORMAT TECHNOLOGIES INC | 52,900 | $5.921M | 0.1% | $120.51 | 0.0% | COM | 686688102 |
| — | ENPHASE ENERGY INC | 6,000,000 | $5.363M | 0.1% | $0.84 | — | NOTE 3/0 | 29355AAK3 |
| — | BANK AMERICA CORP | 4,279 | $5.092M | 0.1% | $1190.00 | — | 7.25%CNV PFD L | 060505682 |
| PSN | PARSONS CORP DEL | 77,434 | $4.195M | 0.1% | $76.47 | -11.2% | COM | 70202L102 |
| — | SHIFT4 PMTS INC | 70,000 | $3.813M | 0.1% | $54.48 | — | 6 SER A CNV PREF | 82452J307 |
| KVUE | KENVUE INC | 200,000 | $3.448M | 0.1% | $17.67 | 0.0% | COM | 49177J102 |
| HAE | HAEMONETICS CORP MASS | 51,200 | $2.886M | 0.1% | $68.20 | 0.0% | COM | 405024100 |
| WK | WORKIVA INC | 44,815 | $2.672M | 0.1% | $88.54 | -15.5% | COM CL A | 98139A105 |
| — | ALARM COM HLDGS INC | 2,500,000 | $2.308M | 0.0% | $0.97 | — | NOTE 2.250% 6/0 | 011642AD7 |
| — | EPR PPTYS | 71,692 | $2.178M | 0.0% | $27.03 | — | CONV PFD 9% SR E | 26884U307 |
| — | HALOZYME THERAPEUTICS INC | 2,000,000 | $2.084M | 0.0% | $1.15 | — | NOTE 0.250% 3/0 | 40637HAD1 |
| SLAB | SILICON LABORATORIES INC | 10,000 | $2.082M | 0.0% | $170.34 | 0.0% | COM | 826919102 |
| HOLX | HOLOGIC INC | 26,667 | $2.016M | 0.0% | $75.02 | 0.0% | COM | 436440101 |
| NWL | NEWELL BRANDS INC | 540,000 | $1.852M | 0.0% | $5.34 | -18.2% | COM | 651229106 |
| ODD | ODDITY TECH LTD | 127,452 | $1.705M | 0.0% | $62.62 | -48.7% | SHS CL A | M7518J104 |
| CLF | CLEVELAND-CLIFFS INC NEW | 200,000 | $1.69M | 0.0% | $12.34 | +4.1% | COM | 185899101 |
| RPAY | REPAY HLDGS CORP | 578,484 | $1.504M | 0.0% | $10.59 | -67.8% | COM CL A | 76029L100 |
| ADNT | ADIENT PLC | 70,000 | $1.415M | 0.0% | $14.78 | +55.3% | ORD SHS | G0084W101 |
| CWAN | CLEARWATER ANALYTICS HLDGS I | 50,000 | $1.183M | 0.0% | $23.83 | 0.0% | CL A | 185123106 |
| BAX | BAXTER INTL INC | 60,000 | $1.008M | 0.0% | $28.83 | -29.0% | COM | 071813109 |
| OMF | ONEMAIN HLDGS INC | 8,426 | $451K | 0.0% | $40.79 | +55.0% | COM | 68268W103 |
| LPSN | LIVEPERSON INC | 121,218 | $309K | 0.0% | $5.56 | -42.3% | COM | 538146309 |
| OI | O-I GLASS INC | 20,000 | $210K | 0.0% | $9.82 | +56.1% | COM | 67098H104 |
| GT | GOODYEAR TIRE & RUBR CO | 30,000 | $199K | 0.0% | $11.09 | -16.2% | COM | 382550101 |
| ASTLW | ALGOMA STL GROUP INC | 414,191 | $30,899 | 0.0% | $1.04 | — | *W EXP 10/19/202 | 015658115 |
| DCH | DAUCH CORP | 3,600 | $21,348 | 0.0% | $7.71 | 0.0% | COM | 024061103 |