Location: Mill Valley, CA
CIK: 0001728201 · Show all filings
Period: Q2 2026 (← Previous)
Filing Date: Aug 11, 2026
Total Value: $6.435B (34.1% shares, 65.9% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | SUPER MICRO COMPUTER INC | 4,300,000 | $223M | 3.5% | $51.96 | — | 7 DEP CM SR A WI | 86800U500 |
| — | FIRSTENERGY CORP | 87,500,000 | $95.62M | 1.5% | $1.09 | — | NOTE 3.625% 1/1 | 337932AT4 |
| — | SUPER MICRO COMPUTER INC | 60,000,000 | $53.34M | 0.8% | $0.89 | — | NOTE 6/1 | 86800UAF1 |
| — | CLOUDFLARE INC | 39,500,000 | $50.05M | 0.8% | $1.27 | — | NOTE 6/1 | 18915MAF4 |
| — | FIRSTENERGY CORP | 31,250,000 | $34.73M | 0.5% | $1.11 | — | NOTE 3.875% 1/1 | 337932AV9 |
| — | SOUTHERN CO | 30,000,000 | $30.35M | 0.5% | $1.01 | — | NOTE 3.250% 6/1 | 842587ED5 |
| — | BILL HOLDINGS INC | 15,000,000 | $13M | 0.2% | $0.87 | — | NOTE 4/0 | 090043AF7 |
| — | RUBRIK INC. | 12,500,000 | $12.79M | 0.2% | $1.02 | — | NOTE 6/1 | 781154AD1 |
| — | GOLAR LNG LTD | 10,000,000 | $11.41M | 0.2% | $1.14 | — | NOTE 2.750%12/1 | 38046YAD3 |
| — | WILLIS LEASE FIN CORP | 10,000,000 | $10.88M | 0.2% | $1.09 | — | NOTE 2.500% 5/1 | 970646AA3 |
| — | BOEING CO | 150,000 | $10.1M | 0.2% | $67.30 | — | DEP CONV PFD A | 097023204 |
| — | DOORDASH INC | 10,000,000 | $9.863M | 0.2% | $0.99 | — | NOTE 5/1 | 25809KAB1 |
| JBLU | JETBLUE AIRWAYS CORP | 1,620,319 | $9.284M | 0.1% | $5.73 | — | COM | 477143101 |
| TYL | TYLER TECHNOLOGIES INC | 31,500 | $9.212M | 0.1% | $292.46 | — | COM | 902252105 |
| SYNA | SYNAPTICS INC | 74,100 | $9.205M | 0.1% | $124.23 | — | COM | 87157D109 |
| KKR | KKR & CO INC | 32,000 | $2.937M | 0.0% | $91.78 | — | COM | 48251W104 |
| — | HERTZ CORP | 4,000,000 | $2.093M | 0.0% | $0.52 | — | NOTE 8.000% 7/1 | 428040DE6 |
| — | LCI INDS | 1,200,000 | $1.345M | 0.0% | $1.12 | — | NOTE 3.000% 3/0 | 501812AD3 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | WESTERN DIGITAL CORP | 60,500,000 (+9.0%) | $1.023B (+157.4%) | 15.9% | $6.19 | — | NOTE 3.000%11/1 | 958102AT2 |
| — | HEWLETT PACKARD ENTERPRISE C | 4,050,000 (+15.7%) | $474M (+109.9%) | 7.4% | $70.86 | — | 7.625 MAND CONV | 42824C208 |
| — | BRUKER CORP | 580,000 (+16.0%) | $259M (+79.6%) | 4.0% | $311.25 | — | 6.375 PREF SER A | 116794207 |
| — | ORACLE CORP | 4,100,000 (+82.2%) | $184M (+78.4%) | 2.9% | $45.48 | — | 6.5 DEP CUM SR D | 68389X204 |
| — | MICROCHIP TECHNOLOGY INC. | 1,700,000 (+61.9%) | $130M (+118.0%) | 2.0% | $64.52 | — | DEP SHS REPSTG | 595017302 |
| — | LIVE NATION ENTERTAINMENT IN | 72,500,000 (+61.1%) | $129M (+88.9%) | 2.0% | $1.63 | — | NOTE 3.125% 1/1 | 538034BA6 |
| — | NOVANTA INC | 1,400,000 (+40.0%) | $95.58M (+78.2%) | 1.5% | $58.49 | — | UNIT 11/01/2028 | 67000B203 |
| — | WHIRLPOOL CORP | 1,750,000 (+191.7%) | $61.46M (+150.1%) | 1.0% | $37.12 | — | 8.5 DEP SR A CNV | 963320205 |
| — | ALBEMARLE CORP | 2,225,000 (+71.2%) | $123M (+31.8%) | 1.9% | $64.99 | — | 7.25% DEP SHS A | 012653200 |
| CRWV | COREWEAVE INC | 459,158 (+120.1%) | $45.7M (+182.7%) | 0.7% | $97.64 | — | COM CL A | 21873S108 |
| — | ETSY INC | 97,500,000 (+21.9%) | $99.47M (+27.2%) | 1.5% | $1.58 | — | NOTE 0.125%10/0 | 29786AAJ5 |
| MKSI | MKS INC. | 90,719 (+7.7%) | $40.35M (+108.4%) | 0.6% | $216.85 | — | COM | 55306N104 |
| — | NEXTERA ENERGY INC | 1,090,000 (+50.3%) | $57.92M (+42.7%) | 0.9% | $51.70 | — | UNIT 06/01/2027 | 65339F663 |
| — | ALIBABA GROUP HLDG LTD | 200,000,000 (+10.1%) | $236M (-6.3%) | 3.7% | $1.47 | — | NOTE 0.500% 6/0 | 01609WBG6 |
| — | WEC ENERGY GROUP INC | 135,000,000 (+9.3%) | $167M (+9.5%) | 2.6% | $1.17 | — | NOTE 4.375% 6/0 | 92939UAR7 |
| PANW | PALO ALTO NETWORKS INC | 73,343 (+3.7%) | $25.01M (+120.5%) | 0.4% | $178.13 | — | COM | 697435105 |
| — | TXNM ENERGY INC | 122,500,000 (+11.4%) | $160M (+9.2%) | 2.5% | $1.30 | — | NOTE 5.750% 6/0 | 69349HAF4 |
| WBD | WARNER BROS DISCOVERY INC | 915,700 (+108.1%) | $24.41M (+102.1%) | 0.4% | $27.42 | — | COM SER A | 934423104 |
| — | PPL CORP | 650,000 (+62.5%) | $31.9M (+55.5%) | 0.5% | $50.44 | — | UNIT 02/15/2029 | 69351T866 |
| — | NEXTERA ENERGY INC | 1,400,000 (+26.1%) | $67.12M (+20.4%) | 1.0% | $49.76 | — | UNIT 02/15/2029 | 65339F655 |
| — | ITRON INC | 60,000,000 (+20.0%) | $59.91M (+18.9%) | 0.9% | $1.10 | — | NOTE 1.375% 7/1 | 465741AQ9 |
| — | GUIDEWIRE SOFTWARE INC | 65,000,000 (+18.2%) | $62.56M (+14.0%) | 1.0% | $1.08 | — | NOTE 1.250%11/0 | 40171VAC4 |
| SO | SOUTHERN CO | 170,082 (+78.3%) | $16.28M (+76.8%) | 0.3% | $92.45 | — | COM | 842587107 |
| — | INTEGER HLDGS CORP | 70,000,000 (+2.9%) | $67.99M (+4.3%) | 1.1% | $0.96 | — | DBCV 1.875% 3/1 | 45826HAD1 |
| IBIT | ISHARES BITCOIN TRUST ETF | 455,000 (+40.0%) | $15.15M (+21.3%) | 0.2% | $53.41 | — | SHS BEN INT | 46438F101 |
| — | BENTLEY SYS INC | 44,500,000 (+4.7%) | $42.78M (+5.8%) | 0.7% | $0.91 | — | NOTE 0.375% 7/0 | 08265TAD1 |
| — | REDWOOD TRUST INC | 10,750,000 (+10.3%) | $10.91M (+10.3%) | 0.2% | $1.01 | — | NOTE 7.750% 6/1 | 758075AF2 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | SEAGATE HDD CAYMAN | 43,318,000 | $206M | 3.2% | $2.24 | — | — | 81180WBL4 |
| — | VENTAS RLTY LTD PARTNERSHIP | 109,195,000 | $163M | 2.5% | $1.21 | — | — | 92277GAZ0 |
| — | DUKE ENERGY CORP NEW | 100,000,000 | $110M | 1.7% | $1.03 | — | — | 26441CBY0 |
| — | AKAMAI TECHNOLOGIES INC | 85,000,000 | $97.29M | 1.5% | $1.01 | — | — | 00971TAN1 |
| — | AMERICAN WTR CAP CORP | 83,190,000 | $83.07M | 1.3% | $1.02 | — | — | 03040WBE4 |
| — | PROGRESS SOFTWARE CORP | 30,000,000 | $29.96M | 0.5% | $1.05 | — | — | 743312AB6 |
| — | SUPER MICRO COMPUTER INC | 30,000,000 | $26.15M | 0.4% | $0.87 | — | — | 86800UAD6 |
| — | FIRSTENERGY CORP | 12,500,000 | $13.66M | 0.2% | $0.99 | — | — | 337932AR8 |
| — | UBER TECHNOLOGIES INC | 10,000,000 | $12.04M | 0.2% | $1.41 | — | — | 90353TAM2 |
| — | CLOUDFLARE INC | 7,850,000 | $9.205M | 0.1% | $1.17 | — | — | 18915MAC1 |
| — | SNOWFLAKE INC | 6,900,000 | $8.457M | 0.1% | $1.57 | — | — | 833445AD1 |
| ETSY | ETSY INC | 152,081 | $7.601M | 0.1% | $56.76 | — | — | 29786A106 |
| ORA | ORMAT TECHNOLOGIES INC | 52,900 | $5.921M | 0.1% | $120.51 | — | — | 686688102 |
| SLAB | SILICON LABORATORIES INC | 10,000 | $2.082M | 0.0% | $170.34 | — | — | 826919102 |
| HOLX | HOLOGIC INC | 26,667 | $2.016M | 0.0% | $75.02 | — | — | 436440101 |
| CWAN | CLEARWATER ANALYTICS HLDGS I | 50,000 | $1.183M | 0.0% | $23.83 | — | — | 185123106 |
| OI | O-I GLASS INC | 20,000 | $210K | 0.0% | $9.82 | — | — | 67098H104 |
| DCH | DAUCH CORP | 3,600 | $21,348 | 0.0% | $7.71 | — | — | 024061103 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | UGI CORP NEW | 40,000,000 (-38.5%) | $53.59M (-41.3%) | 0.8% | $1.38 | — | NOTE 5.000% 6/0 | 902681AB1 |
| — | SNOWFLAKE INC | 120,000,000 (-18.1%) | $200M (+15.2%) | 3.1% | $1.51 | — | NOTE 10/0 | 833445AB5 |
| — | MIRUM PHARMACEUTICALS INC | 2,656,000 (-77.9%) | $9.834M (-72.6%) | 0.2% | $2.26 | — | NOTE 4.000% 5/0 | 604749AB7 |
| — | GUARDANT HEALTH INC | 37,500,000 (-11.8%) | $94.41M (+32.0%) | 1.5% | $1.45 | — | DEBT 1.250% 2/1 | 40131MAD1 |
| — | TRIP COM GROUP LTD | 75,000,000 (-16.7%) | $74.03M (-20.7%) | 1.2% | $1.27 | — | NOTE 0.750% 6/1 | 89677QAB3 |
| — | JAZZ INVESTMENTS I LTD | 25,000,000 (-28.6%) | $42.64M (-14.1%) | 0.7% | $1.37 | — | NOTE 3.125% 9/1 | 472145AH4 |
| — | GRANITE CONSTR INC | 36,000,000 (-28.0%) | $75.45M (-8.5%) | 1.2% | $1.61 | — | NOTE 3.250% 6/1 | 387328AF4 |
| SIRI | SIRIUSXM HOLDINGS INC | 177,041 (-55.0%) | $5.23M (-42.4%) | 0.1% | $28.48 | — | COMMON STOCK | 829933100 |
| — | UNITY SOFTWARE INC | 55,000,000 (-8.3%) | $62.29M (+4.0%) | 1.0% | $1.00 | — | NOTE 3/1 | 91332UAH4 |
| — | REPLIGEN CORP | 75,000,000 (-7.8%) | $77.09M (-3.0%) | 1.2% | $1.03 | — | NOTE 1.000%12/1 | 759916AD1 |
| — | RIOT PLATFORMS INC | 5,000,000 (-33.3%) | $10.05M (+16.3%) | 0.2% | $1.13 | — | NOTE 0.750% 1/1 | 767292AB1 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | ECHOSTAR CORP | 69,000,000 | $216M | 3.4% | $3.27 | — | NOTE 3.875%11/3 | 278768AB2 |
| — | RIVIAN AUTOMOTIVE INC | 155,000,000 | $165M | 2.6% | $0.94 | — | NOTE 3.625%10/1 | 76954AAD5 |
| — | EVERGY INC | 134,000,000 | $191M | 3.0% | $1.17 | — | NOTE 4.500%12/1 | 30034WAD8 |
| CORZW | CORE SCIENTIFIC INC NEW | 736,969 | $13.88M | 0.2% | $8.46 | — | *W EXP 01/23/202 | 21874A114 |
| CAKE | CHEESECAKE FACTORY INC | 243,875 | $19.4M | 0.3% | $56.81 | — | COM | 163072101 |
| — | INTERDIGITAL INC | 22,300,000 | $81.64M | 1.3% | $2.17 | — | NOTE 3.500% 6/0 | 45867GAD3 |
| — | ALIGNMENT HEALTHCARE INC | 15,000,000 | $25.63M | 0.4% | $1.52 | — | NOTE 4.250%11/1 | 01625VAB0 |
| — | IREN LIMITED | 6,713,000 | $19.64M | 0.3% | $2.31 | — | NOTE 3.250% 6/1 | 46270CAB5 |
| NTNX | NUTANIX INC | 319,826 | $16.3M | 0.3% | $59.87 | — | CL A | 67059N108 |
| — | PG&E CORP | 2,200,000 | $91.01M | 1.4% | $43.71 | — | PFD CONV SER A | 69331C306 |
| COIN | COINBASE GLOBAL INC | 99,811 | $14.59M | 0.2% | $225.40 | — | COM CL A | 19260Q107 |
| — | VARONIS SYS INC | 27,500,000 | $26.71M | 0.4% | $0.90 | — | NOTE 1.000% 9/1 | 922280AD4 |
| FLR | FLUOR CORP | 352,672 | $18.48M | 0.3% | $37.43 | — | COM | 343412102 |
| — | CENTERPOINT ENERGY INC | 107,250,000 | $129M | 2.0% | $1.04 | — | NOTE 4.250% 8/1 | 15189TBD8 |
| — | ADVANCED ENERGY INDS | 5,000,000 | $13.67M | 0.2% | $1.64 | — | NOTE 2.500% 9/1 | 007973AE0 |
| FOX | FOX CORP | 258,453 | $12.11M | 0.2% | $57.40 | — | CL B COM | 35137L204 |
| — | VSE CORP | 200,000 | $11.53M | 0.2% | $50.30 | — | UNIT 02/01/2029 | 918284209 |
| NWL | NEWELL BRANDS INC | 540,000 | $3.316M | 0.1% | $5.34 | — | COM | 651229106 |
| — | EPR PPTYS | 440,000 | $11.27M | 0.2% | $18.70 | — | PFD C CV 5.75% | 26884U208 |
| — | CMS ENERGY CORP | 70,000,000 | $78.17M | 1.2% | $1.00 | — | NOTE 3.375% 5/0 | 125896BX7 |
| HAE | HAEMONETICS CORP MASS | 51,200 | $3.84M | 0.1% | $68.20 | — | COM | 405024100 |
| RPAY | REPAY HLDGS CORP | 578,484 | $2.43M | 0.0% | $10.59 | — | COM CL A | 76029L100 |
| — | PG&E CORP | 61,250,000 | $62.67M | 1.0% | $1.01 | — | NOTE 4.250%12/0 | 69331CAL2 |
| — | PPL CAP FDG INC | 21,500,000 | $24.43M | 0.4% | $1.00 | — | NOTE 2.875% 3/1 | 69352PAS2 |
| — | SHIFT4 PMTS INC | 70,000 | $4.359M | 0.1% | $54.48 | — | 6 SER A CNV PREF | 82452J307 |
| WK | WORKIVA INC | 44,815 | $2.174M | 0.0% | $88.54 | — | COM CL A | 98139A105 |
| KVUE | KENVUE INC | 200,000 | $3.822M | 0.1% | $17.67 | — | COM | 49177J102 |
| — | WEC ENERGY GROUP INC | 67,500,000 | $81.74M | 1.3% | $1.13 | — | NOTE 4.375% 6/0 | 92939UAP1 |
| — | BANK OF AMER CORP | 4,279 | $5.368M | 0.1% | $1190.00 | — | 7.25%CNV PFD L | 060505682 |
| BAX | BAXTER INTL INC | 60,000 | $1.279M | 0.0% | $28.83 | — | COM | 071813109 |
| — | ETSY INC | 12,500,000 | $11.44M | 0.2% | $0.81 | — | NOTE 0.250% 6/1 | 29786AAN6 |
| — | ENPHASE ENERGY INC | 6,000,000 | $5.591M | 0.1% | $0.84 | — | NOTE 3/0 | 29355AAK3 |
| ODD | ODDITY TECH LTD | 127,452 | $1.928M | 0.0% | $62.62 | — | SHS CL A | M7518J104 |
| — | UNITY SOFTWARE INC | 18,674,000 | $18.38M | 0.3% | $0.76 | — | NOTE 11/1 | 91332UAB7 |
| CLF | CLEVELAND-CLIFFS INC NEW | 200,000 | $1.878M | 0.0% | $12.34 | — | COM | 185899101 |
| — | HALOZYME THERAPEUTICS INC | 2,000,000 | $2.232M | 0.0% | $1.15 | — | NOTE 0.250% 3/0 | 40637HAD1 |
| PSN | PARSONS CORP DEL | 77,434 | $4.057M | 0.1% | $76.47 | — | COM | 70202L102 |
| ADNT | ADIENT PLC | 70,000 | $1.287M | 0.0% | $14.78 | — | ORD SHS | G0084W101 |
| EA | ELECTRONIC ARTS INC | 99,417 | $20.38M | 0.3% | $201.96 | — | COM | 285512109 |
| — | EPR PPTYS | 71,692 | $2.278M | 0.0% | $27.03 | — | CONV PFD 9% SR E | 26884U307 |
| — | ALARM COM HLDGS INC | 2,500,000 | $2.378M | 0.0% | $0.97 | — | NOTE 2.250% 6/0 | 011642AD7 |
| OMF | ONEMAIN HLDGS INC | 8,426 | $514K | 0.0% | $40.79 | — | COM | 68268W103 |
| LPSN | LIVEPERSON INC | 121,218 | $275K | 0.0% | $5.56 | — | COM | 538146309 |
| NWSA | NEWS CORP NEW | 242,945 | $6.032M | 0.1% | $27.34 | — | CL A | 65249B109 |
| ASTLW | ALGOMA STL GROUP INC | 414,191 | $14,372 | 0.0% | $1.04 | — | *W EXP 10/19/202 | 015658115 |
| GT | GOODYEAR TIRE & RUBR CO | 30,000 | $198K | 0.0% | $11.09 | — | COM | 382550101 |