OAKTREE CAPITAL MANAGEMENT LP Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SMH	VANECK SEMICONDUCTOR ETF	865,000	$311,512	4.4%	—	—	PUT	92189F676
—	RIOT PLATFORMS INC	81,960,000	$92,922	1.3%	$1.13	—	CONVERTIBLE BOND	767292AB1
AERO	GRUPO AEROMEXICO SAB DE CV	3,776,986	$82,943	1.2%	$21.96	—	COMMON STOCK	40054J109
—	ECHOSTAR CORP	18,000,000	$60,165	0.9%	$3.34	—	CONVERTIBLE BOND	278768AB2
CORZ	CORE SCIENTIFIC INC	2,000,000	$29,120	0.4%	$15.31	+13.9%	CALL	21874A106
—	DEXCOM INC	27,995,000	$25,776	0.4%	$0.92	—	CONVERTIBLE BOND	252131AM9
KRSP	RICE ACQUISITION CORP 3	2,400,000	$24,660	0.4%	$10.36	0.0%	COMMON STOCK	G7553X106
—	DRAFTKINGS INC	25,225,000	$23,091	0.3%	$0.92	—	CONVERTIBLE BOND	26142RAB0
INFY	INFOSYS LTD	1,094,752	$19,508	0.3%	$17.82	—	COMMON STOCK	456788108
—	SYNAPTICS INC	17,250,000	$18,251	0.3%	$1.06	—	CONVERTIBLE BOND	87157DAJ8
ONIT	ONITY GROUP INC	390,835	$17,896	0.3%	$41.07	0.0%	COMMON STOCK	675746606
—	LIVE NATION ENTERTAINMENT INC	9,670,000	$10,183	0.1%	$1.05	—	CONVERTIBLE BOND	538034BC2
—	COGENT BIOSCIENCES INC	7,650,000	$8,995	0.1%	$1.18	—	CONVERTIBLE BOND	19240QAA0
—	ITRON INC	8,700,000	$8,814	0.1%	$1.01	—	CONVERTIBLE BOND	465741AQ9
—	DATADOG INC	7,499,000	$7,508	0.1%	$1.00	—	CONVERTIBLE BOND	23804LAD5
—	GREEN PLAINS INC	7,677,000	$7,389	0.1%	$0.96	—	CONVERTIBLE BOND	393222AK0
—	MITEK SYSTEMS INC	5,374,000	$5,326	0.1%	$0.99	—	CONVERTIBLE BOND	606710AA9
—	NUTANIX INC	5,436,000	$5,257	0.1%	$0.97	—	CONVERTIBLE BOND	67059NAK4
—	PENN ENTERTAINMENT INC	4,952,000	$4,911	0.1%	$0.99	—	CONVERTIBLE BOND	707569AU3
—	STRATEGY INC	5,763,000	$4,746	0.1%	$0.82	—	CONVERTIBLE BOND	594972AS0
—	AMERICAN WATER CAPITAL CORP	3,426,000	$3,416	0.0%	$1.00	—	CONVERTIBLE BOND	03040WBE4
—	FORD MOTOR CO	2,900,000	$3,019	0.0%	$1.04	—	CONVERTIBLE BOND	345370CZ1
—	NUTANIX INC	2,000,000	$2,251	0.0%	$1.13	—	CONVERTIBLE BOND	67059NAH1
—	WISDOMTREE INC	1,850,000	$2,228	0.0%	$1.20	—	CONVERTIBLE BOND	97717PAH7
—	DROPBOX INC	2,175,000	$2,160	0.0%	$0.99	—	CONVERTIBLE BOND	26210CAC8
—	CHEESECAKE FACTORY INC/THE	1,960,000	$1,942	0.0%	$0.99	—	CONVERTIBLE BOND	163072AA9
—	BLACKLINE INC	1,816,000	$1,801	0.0%	$0.99	—	CONVERTIBLE BOND	09239BAD1
—	CELCUITY INC	700,000	$1,520	0.0%	$2.17	—	CONVERTIBLE BOND	15102KAA8
—	FASTLY INC	1,353,000	$1,497	0.0%	$1.11	—	CONVERTIBLE BOND	31188VAD2
—	VISHAY INTERTECHNOLOGY INC	1,651,000	$1,488	0.0%	$0.90	—	CONVERTIBLE BOND	928298AR9
—	SPOTIFY TECHNOLOGY SA	1,300,000	$1,479	0.0%	$1.14	—	CONVERTIBLE BOND	84921RAB6
—	STRATEGY INC	1,300,000	$1,342	0.0%	$1.03	—	CONVERTIBLE BOND	594972AL5
—	AFFIRM HOLDINGS INC	927,000	$1,029	0.0%	$1.11	—	CONVERTIBLE BOND	00827BAD8
—	TYLER TECHNOLOGIES INC	1,000,000	$1,014	0.0%	$1.01	—	CONVERTIBLE BOND	902252AB1
—	RINGCENTRAL INC	984,000	$975	0.0%	$0.99	—	CONVERTIBLE BOND	76680RAH0
—	HAEMONETICS CORP	902,000	$939	0.0%	$1.04	—	CONVERTIBLE BOND	405024AD2
—	GLADSTONE CAPITAL CORP	754,000	$739	0.0%	$0.98	—	CONVERTIBLE BOND	376535AG5
KRSP/WS	RICE ACQUISITION CORP 3	399,999	$320	0.0%	$0.80	—	WARRANT	G7553X114

Increased Positions (55)

TLN TALEN ENERGY CORP 1.6%

Value ($000) $112,452 (+306.7%) Shares 300,000 (+361.5%) Est. Cost $277.39 Unrealized +40.1%

SPY STATE STREET CORP 3.7%

Value ($000) $262,539 (+19.4%) Shares 385,000 (+16.7%) Est. Cost — Unrealized —

— AMPHASTAR PHARMACEUTICALS INC 0.6%

Value ($000) $40,401 (+148.7%) Shares 43,578,000 (+144.5%) Est. Cost $0.92 Unrealized —

— JETBLUE AIRWAYS CORP 1.3%

Value ($000) $89,036 (+33.6%) Shares 90,530,000 (+32.6%) Est. Cost $0.93 Unrealized —

— BIOMARIN PHARMACEUTICAL INC 0.6%

Value ($000) $40,450 (+115.8%) Shares 42,118,000 (+113.6%) Est. Cost $0.96 Unrealized —

— FIVE9 INC 0.4%

Value ($000) $27,394 (+296.1%) Shares 30,353,000 (+290.0%) Est. Cost $0.90 Unrealized —

ECVT ECOVYST INC 0.6%

Value ($000) $41,396 (+65.3%) Shares 4,254,503 (+48.8%) Est. Cost $8.78 Unrealized -0.7%

XP XP INC 0.8%

Value ($000) $54,351 (+42.3%) Shares 3,320,159 (+63.3%) Est. Cost $17.81 Unrealized -1.1%

— WINNEBAGO INDUSTRIES INC 0.3%

Value ($000) $19,057 (+332.4%) Shares 20,220,000 (+312.0%) Est. Cost $0.93 Unrealized —

— PEBBLEBROOK HOTEL TRUST 0.5%

Value ($000) $38,416 (+48.5%) Shares 39,706,000 (+51.7%) Est. Cost $0.94 Unrealized —

— AIRBNB INC 0.7%

Value ($000) $50,228 (+30.2%) Shares 50,633,000 (+28.7%) Est. Cost $0.97 Unrealized —

— OKTA INC 0.4%

Value ($000) $27,773 (+68.4%) Shares 28,311,000 (+67.5%) Est. Cost $0.97 Unrealized —

— SPECTRUM BRANDS HOLDINGS INC 0.4%

Value ($000) $26,073 (+72.5%) Shares 27,496,000 (+69.5%) Est. Cost $0.94 Unrealized —

— BLOCK INC 0.3%

Value ($000) $19,940 (+104.3%) Shares 20,243,000 (+102.1%) Est. Cost $0.98 Unrealized —

— ETSY INC 0.6%

Value ($000) $44,935 (+29.0%) Shares 50,165,000 (+27.5%) Est. Cost $0.85 Unrealized —

— DAYFORCE INC 0.3%

Value ($000) $19,206 (+108.9%) Shares 19,351,000 (+106.3%) Est. Cost $0.98 Unrealized —

— NABORS INDUSTRIES LTD 0.3%

Value ($000) $19,604 (+98.4%) Shares 24,063,000 (+87.5%) Est. Cost $0.74 Unrealized —

BLCO BAUSCH LOMB CORP 0.8%

Value ($000) $57,777 (+18.1%) Shares 3,382,739 (+4.2%) Est. Cost $12.70 Unrealized +24.9%

— ARRAY TECHNOLOGIES INC 0.4%

Value ($000) $30,263 (+41.0%) Shares 33,284,000 (+34.8%) Est. Cost $0.86 Unrealized —

— ENPHASE ENERGY INC 0.5%

Value ($000) $33,358 (+34.2%) Shares 38,178,000 (+33.4%) Est. Cost $0.86 Unrealized —

— CRACKER BARREL OLD COUNTRY STORE INC 0.5%

Value ($000) $32,192 (+35.3%) Shares 33,101,000 (+33.6%) Est. Cost $0.96 Unrealized —

CORZ CORE SCIENTIFIC INC 1.7%

Value ($000) $121,586 (+5.9%) Shares 8,350,708 (+30.5%) Est. Cost $15.31 Unrealized +13.9%

— LANTHEUS HOLDINGS INC 0.2%

Value ($000) $13,234 (+100.0%) Shares 11,525,000 (+83.7%) Est. Cost $1.11 Unrealized —

— SNAP INC 0.3%

Value ($000) $18,255 (+52.1%) Shares 19,576,000 (+50.9%) Est. Cost $0.93 Unrealized —

ITUB ITAU UNIBANCO HOLDING SA 1.4%

Value ($000) $98,971 (+6.5%) Shares 13,822,747 (+9.1%) Est. Cost $6.24 Unrealized —

— MGP INGREDIENTS INC 0.3%

Value ($000) $22,528 (+36.1%) Shares 23,225,000 (+34.4%) Est. Cost $0.96 Unrealized —

— HAEMONETICS CORP 0.2%

Value ($000) $14,917 (+64.2%) Shares 15,030,000 (+62.6%) Est. Cost $0.96 Unrealized —

— PENNYMAC MORTGAGE INVESTMENT TRUST 0.2%

Value ($000) $10,951 (+102.8%) Shares 10,935,000 (+102.1%) Est. Cost $0.98 Unrealized —

— ENVISTA HOLDINGS CORP 0.4%

Value ($000) $29,632 (+23.0%) Shares 30,786,000 (+20.8%) Est. Cost $0.92 Unrealized —

— UNITY SOFTWARE INC 0.1%

Value ($000) $8,792 (+145.5%) Shares 9,076,000 (+142.0%) Est. Cost $0.92 Unrealized —

— TOPGOLF CALLAWAY BRANDS CORP 0.1%

Value ($000) $9,584 (+118.1%) Shares 9,596,000 (+115.8%) Est. Cost $0.99 Unrealized —

— BLACKSTONE MORTGAGE TRUST INC 0.2%

Value ($000) $11,885 (+73.9%) Shares 11,999,000 (+72.9%) Est. Cost $0.95 Unrealized —

— BENTLEY SYSTEMS INC 0.1%

Value ($000) $6,346 (+256.5%) Shares 6,730,000 (+256.8%) Est. Cost $0.94 Unrealized —

— BANDWIDTH INC 0.2%

Value ($000) $11,923 (+61.8%) Shares 13,650,000 (+58.2%) Est. Cost $0.83 Unrealized —

— MARRIOTT VACATIONS WORLDWIDE CORP 0.5%

Value ($000) $38,452 (+12.3%) Shares 40,370,000 (+12.7%) Est. Cost $0.94 Unrealized —

— ZIFF DAVIS INC 0.1%

Value ($000) $9,889 (+61.3%) Shares 10,091,000 (+58.3%) Est. Cost $0.95 Unrealized —

— MAGNITE INC 0.1%

Value ($000) $10,222 (+57.6%) Shares 10,305,000 (+55.3%) Est. Cost $0.97 Unrealized —

— TETRA TECH INC 0.2%

Value ($000) $16,626 (+28.9%) Shares 15,289,000 (+28.4%) Est. Cost $1.13 Unrealized —

— FRESHPET INC 0.1%

Value ($000) $8,552 (+76.5%) Shares 7,300,000 (+69.8%) Est. Cost $1.14 Unrealized —

— LCI INDUSTRIES 0.1%

Value ($000) $9,798 (+59.1%) Shares 9,927,000 (+55.0%) Est. Cost $0.97 Unrealized —

— REDFIN CORP 0.2%

Value ($000) $11,142 (+47.8%) Shares 11,841,000 (+45.8%) Est. Cost $0.88 Unrealized —

— NEOGENOMICS INC 0.1%

Value ($000) $6,344 (+86.6%) Shares 7,098,000 (+80.6%) Est. Cost $0.87 Unrealized —

— ALARM.COM HOLDINGS INC 0.4%

Value ($000) $27,266 (+11.4%) Shares 27,198,000 (+9.9%) Est. Cost $0.97 Unrealized —

— CERENCE INC 0.1%

Value ($000) $5,964 (+76.1%) Shares 6,605,000 (+62.6%) Est. Cost $0.81 Unrealized —

— BLOCK INC 0.1%

Value ($000) $5,509 (+79.0%) Shares 5,935,000 (+76.1%) Est. Cost $0.91 Unrealized —

— UPWORK INC 0.1%

Value ($000) $6,885 (+52.7%) Shares 7,038,000 (+51.5%) Est. Cost $0.94 Unrealized —

— SEA LTD 0.5%

Value ($000) $37,767 (+6.2%) Shares 38,855,000 (+4.9%) Est. Cost $0.92 Unrealized —

— ZIFF DAVIS INC 0.0%

Value ($000) $3,429 (+162.3%) Shares 3,496,000 (+158.8%) Est. Cost $0.98 Unrealized —

— REPLIGEN CORP 0.2%

Value ($000) $10,788 (+21.3%) Shares 9,830,000 (+11.4%) Est. Cost $1.02 Unrealized —

— REDWOOD TRUST INC 0.1%

Value ($000) $7,437 (+32.8%) Shares 7,456,000 (+33.5%) Est. Cost $1.00 Unrealized —

— SNAP INC 0.1%

Value ($000) $3,652 (+84.8%) Shares 3,767,000 (+82.6%) Est. Cost $0.96 Unrealized —

— LIVANOVA PLC 0.3%

Value ($000) $17,731 (+9.1%) Shares 15,285,000 (+1.3%) Est. Cost $1.00 Unrealized —

— POST HOLDINGS INC 0.0%

Value ($000) $2,858 (+95.5%) Shares 2,650,000 (+103.8%) Est. Cost $1.10 Unrealized —

— AFFIRM HOLDINGS INC 0.1%

Value ($000) $5,042 (+23.0%) Shares 5,225,000 (+21.8%) Est. Cost $0.82 Unrealized —

TLN TALEN ENERGY CORP 1.8%

Value ($000) $124,116 (+0.2%) Shares 331,117 (+13.7%) Est. Cost $277.39 Unrealized +40.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLN	TALEN ENERGY CORP	300,000 (+361.5%)	$112,452 (+306.7%)	1.6%	$277.39	+40.1%	CALL	87422Q109
SPY	STATE STREET CORP	385,000 (+16.7%)	$262,539 (+19.4%)	3.7%	—	—	PUT	78462F103
—	AMPHASTAR PHARMACEUTICALS INC	43,578,000 (+144.5%)	$40,401 (+148.7%)	0.6%	$0.92	—	CONVERTIBLE BOND	03209RAB9
—	JETBLUE AIRWAYS CORP	90,530,000 (+32.6%)	$89,036 (+33.6%)	1.3%	$0.93	—	CONVERTIBLE BOND	477143AP6
—	BIOMARIN PHARMACEUTICAL INC	42,118,000 (+113.6%)	$40,450 (+115.8%)	0.6%	$0.96	—	CONVERTIBLE BOND	09061GAK7
—	FIVE9 INC	30,353,000 (+290.0%)	$27,394 (+296.1%)	0.4%	$0.90	—	CONVERTIBLE BOND	338307AF8
ECVT	ECOVYST INC	4,254,503 (+48.8%)	$41,396 (+65.3%)	0.6%	$8.78	-0.7%	COMMON STOCK	27923Q109
XP	XP INC	3,320,159 (+63.3%)	$54,351 (+42.3%)	0.8%	$17.81	-1.1%	COMMON STOCK	G98239109
—	WINNEBAGO INDUSTRIES INC	20,220,000 (+312.0%)	$19,057 (+332.4%)	0.3%	$0.93	—	CONVERTIBLE BOND	974637AF7
—	PEBBLEBROOK HOTEL TRUST	39,706,000 (+51.7%)	$38,416 (+48.5%)	0.5%	$0.94	—	CONVERTIBLE BOND	70509VAA8
—	AIRBNB INC	50,633,000 (+28.7%)	$50,228 (+30.2%)	0.7%	$0.97	—	CONVERTIBLE BOND	009066AB7
—	OKTA INC	28,311,000 (+67.5%)	$27,773 (+68.4%)	0.4%	$0.97	—	CONVERTIBLE BOND	679295AF2
—	SPECTRUM BRANDS HOLDINGS INC	27,496,000 (+69.5%)	$26,073 (+72.5%)	0.4%	$0.94	—	CONVERTIBLE BOND	84762LAZ8
—	BLOCK INC	20,243,000 (+102.1%)	$19,940 (+104.3%)	0.3%	$0.98	—	CONVERTIBLE BOND	852234AJ2
—	ETSY INC	50,165,000 (+27.5%)	$44,935 (+29.0%)	0.6%	$0.85	—	CONVERTIBLE BOND	29786AAN6
—	DAYFORCE INC	19,351,000 (+106.3%)	$19,206 (+108.9%)	0.3%	$0.98	—	CONVERTIBLE BOND	15677JAD0
—	NABORS INDUSTRIES LTD	24,063,000 (+87.5%)	$19,604 (+98.4%)	0.3%	$0.74	—	CONVERTIBLE BOND	62957HAL9
BLCO	BAUSCH LOMB CORP	3,382,739 (+4.2%)	$57,777 (+18.1%)	0.8%	$12.70	+24.9%	COMMON STOCK	071705107
—	ARRAY TECHNOLOGIES INC	33,284,000 (+34.8%)	$30,263 (+41.0%)	0.4%	$0.86	—	CONVERTIBLE BOND	04271TAB6
—	ENPHASE ENERGY INC	38,178,000 (+33.4%)	$33,358 (+34.2%)	0.5%	$0.86	—	CONVERTIBLE BOND	29355AAK3
—	CRACKER BARREL OLD COUNTRY STORE INC	33,101,000 (+33.6%)	$32,192 (+35.3%)	0.5%	$0.96	—	CONVERTIBLE BOND	22410JAB2
CORZ	CORE SCIENTIFIC INC	8,350,708 (+30.5%)	$121,586 (+5.9%)	1.7%	$15.31	+13.9%	COMMON STOCK	21874A106
—	LANTHEUS HOLDINGS INC	11,525,000 (+83.7%)	$13,234 (+100.0%)	0.2%	$1.11	—	CONVERTIBLE BOND	516544AB9
—	SNAP INC	19,576,000 (+50.9%)	$18,255 (+52.1%)	0.3%	$0.93	—	CONVERTIBLE BOND	83304AAF3
ITUB	ITAU UNIBANCO HOLDING SA	13,822,747 (+9.1%)	$98,971 (+6.5%)	1.4%	$6.24	—	COMMON STOCK	465562106
—	MGP INGREDIENTS INC	23,225,000 (+34.4%)	$22,528 (+36.1%)	0.3%	$0.96	—	CONVERTIBLE BOND	55303JAB2
—	HAEMONETICS CORP	15,030,000 (+62.6%)	$14,917 (+64.2%)	0.2%	$0.96	—	CONVERTIBLE BOND	405024AB6
—	PENNYMAC MORTGAGE INVESTMENT TRUST	10,935,000 (+102.1%)	$10,951 (+102.8%)	0.2%	$0.98	—	CONVERTIBLE BOND	70932AAF0
—	ENVISTA HOLDINGS CORP	30,786,000 (+20.8%)	$29,632 (+23.0%)	0.4%	$0.92	—	CONVERTIBLE BOND	29415FAD6
—	UNITY SOFTWARE INC	9,076,000 (+142.0%)	$8,792 (+145.5%)	0.1%	$0.92	—	CONVERTIBLE BOND	91332UAB7
—	TOPGOLF CALLAWAY BRANDS CORP	9,596,000 (+115.8%)	$9,584 (+118.1%)	0.1%	$0.99	—	CONVERTIBLE BOND	131193AE4
—	BLACKSTONE MORTGAGE TRUST INC	11,999,000 (+72.9%)	$11,885 (+73.9%)	0.2%	$0.95	—	CONVERTIBLE BOND	09257WAE0
—	BENTLEY SYSTEMS INC	6,730,000 (+256.8%)	$6,346 (+256.5%)	0.1%	$0.94	—	CONVERTIBLE BOND	08265TAD1
—	BANDWIDTH INC	13,650,000 (+58.2%)	$11,923 (+61.8%)	0.2%	$0.83	—	CONVERTIBLE BOND	05988JAD5
—	MARRIOTT VACATIONS WORLDWIDE CORP	40,370,000 (+12.7%)	$38,452 (+12.3%)	0.5%	$0.94	—	CONVERTIBLE BOND	57164YAF4
—	ZIFF DAVIS INC	10,091,000 (+58.3%)	$9,889 (+61.3%)	0.1%	$0.95	—	CONVERTIBLE BOND	48123VAE2
—	MAGNITE INC	10,305,000 (+55.3%)	$10,222 (+57.6%)	0.1%	$0.97	—	CONVERTIBLE BOND	55955DAB6
—	TETRA TECH INC	15,289,000 (+28.4%)	$16,626 (+28.9%)	0.2%	$1.13	—	CONVERTIBLE BOND	88162GAB9
—	FRESHPET INC	7,300,000 (+69.8%)	$8,552 (+76.5%)	0.1%	$1.14	—	CONVERTIBLE BOND	358039AB1
—	LCI INDUSTRIES	9,927,000 (+55.0%)	$9,798 (+59.1%)	0.1%	$0.97	—	CONVERTIBLE BOND	501812AB7
—	REDFIN CORP	11,841,000 (+45.8%)	$11,142 (+47.8%)	0.2%	$0.88	—	CONVERTIBLE BOND	75737FAE8
—	NEOGENOMICS INC	7,098,000 (+80.6%)	$6,344 (+86.6%)	0.1%	$0.87	—	CONVERTIBLE BOND	64049MAB6
—	ALARM.COM HOLDINGS INC	27,198,000 (+9.9%)	$27,266 (+11.4%)	0.4%	$0.97	—	CONVERTIBLE BOND	011642AB1
—	CERENCE INC	6,605,000 (+62.6%)	$5,964 (+76.1%)	0.1%	$0.81	—	CONVERTIBLE BOND	156727AD1
—	BLOCK INC	5,935,000 (+76.1%)	$5,509 (+79.0%)	0.1%	$0.91	—	CONVERTIBLE BOND	852234AK9
—	UPWORK INC	7,038,000 (+51.5%)	$6,885 (+52.7%)	0.1%	$0.94	—	CONVERTIBLE BOND	91688FAB0
—	SEA LTD	38,855,000 (+4.9%)	$37,767 (+6.2%)	0.5%	$0.92	—	CONVERTIBLE BOND	81141RAG5
—	ZIFF DAVIS INC	3,496,000 (+158.8%)	$3,429 (+162.3%)	0.0%	$0.98	—	CONVERTIBLE BOND	48123VAH5
—	REPLIGEN CORP	9,830,000 (+11.4%)	$10,788 (+21.3%)	0.2%	$1.02	—	CONVERTIBLE BOND	759916AD1
—	REDWOOD TRUST INC	7,456,000 (+33.5%)	$7,437 (+32.8%)	0.1%	$1.00	—	CONVERTIBLE BOND	758075AF2
—	SNAP INC	3,767,000 (+82.6%)	$3,652 (+84.8%)	0.1%	$0.96	—	CONVERTIBLE BOND	83304AAB2
—	LIVANOVA PLC	15,285,000 (+1.3%)	$17,731 (+9.1%)	0.3%	$1.00	—	CONVERTIBLE BOND	53802LAB8
—	POST HOLDINGS INC	2,650,000 (+103.8%)	$2,858 (+95.5%)	0.0%	$1.10	—	CONVERTIBLE BOND	737446AT1
—	AFFIRM HOLDINGS INC	5,225,000 (+21.8%)	$5,042 (+23.0%)	0.1%	$0.82	—	CONVERTIBLE BOND	00827BAB2
TLN	TALEN ENERGY CORP	331,117 (+13.7%)	$124,116 (+0.2%)	1.8%	$277.39	+40.1%	COMMON STOCK	87422Q109

Exited Positions (31)

IWM ISHARES RUSSELL 2000 ETF 0.8%

Value ($000) $53,231 Shares 220,000 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 0.7%

Value ($000) $45,816 Shares 600,000 Est. Cost $45.28 Unrealized +79.8%

— SAREPTA THERAPEUTICS INC 0.4%

Value ($000) $30,815 Shares 34,930,000 Est. Cost $0.92 Unrealized —

NBR NABORS INDUSTRIES LTD 0.4%

Value ($000) $30,126 Shares 737,112 Est. Cost $35.60 Unrealized +36.9%

SE SEA LTD 0.4%

Value ($000) $25,267 Shares 141,368 Est. Cost $167.63 Unrealized —

JBS JBS NV 0.3%

Value ($000) $23,595 Shares 1,580,400 Est. Cost $14.51 Unrealized -5.3%

— FIRST MAJESTIC SILVER CORP 0.3%

Value ($000) $19,680 Shares 18,133,000 Est. Cost $0.87 Unrealized —

— SHIFT4 PAYMENTS INC 0.2%

Value ($000) $14,349 Shares 14,544,000 Est. Cost $1.05 Unrealized —

— MERITAGE HOMES CORP 0.2%

Value ($000) $13,056 Shares 12,695,000 Est. Cost $1.00 Unrealized —

— DEXCOM INC 0.2%

Value ($000) $12,875 Shares 12,963,000 Est. Cost $0.98 Unrealized —

WING WINGSTOP INC 0.2%

Value ($000) $12,584 Shares 50,000 Est. Cost — Unrealized —

— GUARDANT HEALTH INC 0.2%

Value ($000) $12,054 Shares 9,240,000 Est. Cost $1.10 Unrealized —

— TRAVERE THERAPEUTICS INC 0.1%

Value ($000) $10,433 Shares 9,213,000 Est. Cost $0.91 Unrealized —

— BLACKLINE INC 0.1%

Value ($000) $8,481 Shares 8,148,000 Est. Cost $1.06 Unrealized —

— LI AUTO INC 0.1%

Value ($000) $8,322 Shares 7,279,000 Est. Cost $1.16 Unrealized —

ACR ACRES COMMERCIAL REALTY CORP 0.1%

Value ($000) $8,282 Shares 391,380 Est. Cost $21.16 Unrealized —

LGN LEGENCE CORP 0.1%

Value ($000) $5,392 Shares 175,000 Est. Cost $31.48 Unrealized +25.6%

— VERINT SYSTEMS INC 0.1%

Value ($000) $4,539 Shares 4,626,000 Est. Cost $0.96 Unrealized —

— FUBOTV INC 0.1%

Value ($000) $4,493 Shares 4,538,000 Est. Cost $0.97 Unrealized —

— NOVOCURE LTD 0.1%

Value ($000) $4,310 Shares 4,337,000 Est. Cost $0.99 Unrealized —

— GUESS INC 0.1%

Value ($000) $3,595 Shares 3,621,000 Est. Cost $0.94 Unrealized —

— Q2 HOLDINGS INC 0.0%

Value ($000) $2,678 Shares 2,701,000 Est. Cost $0.99 Unrealized —

— BRIDGEBIO PHARMA INC 0.0%

Value ($000) $2,601 Shares 1,850,000 Est. Cost $1.19 Unrealized —

— UBER TECHNOLOGIES INC 0.0%

Value ($000) $2,213 Shares 1,503,000 Est. Cost $1.10 Unrealized —

— ESPERION THERAPEUTICS INC 0.0%

Value ($000) $2,110 Shares 2,114,000 Est. Cost $0.99 Unrealized —

— WAYFAIR INC 0.0%

Value ($000) $1,374 Shares 900,000 Est. Cost $1.14 Unrealized —

— IRHYTHM TECHNOLOGIES INC 0.0%

Value ($000) $1,239 Shares 900,000 Est. Cost $1.04 Unrealized —

TGS TRANSPORTADORA DE GAS DEL SUR SA 0.0%

Value ($000) $1,189 Shares 56,522 Est. Cost $10.88 Unrealized —

— FIVERR INTERNATIONAL LTD 0.0%

Value ($000) $1,049 Shares 1,049,000 Est. Cost $0.92 Unrealized —

— EVOLENT HEALTH INC 0.0%

Value ($000) $818 Shares 1,015,000 Est. Cost $0.81 Unrealized —

TPICQ TPI COMPOSITES INC 0.0%

Value ($000) $143 Shares 4,610,003 Est. Cost $4.61 Unrealized -99.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES RUSSELL 2000 ETF	220,000	$53,231	0.8%	—	—	PUT	464287655
SATS	ECHOSTAR CORP	600,000	$45,816	0.7%	$45.28	+79.8%	—	278768106
—	SAREPTA THERAPEUTICS INC	34,930,000	$30,815	0.4%	$0.92	—	—	803607AD2
NBR	NABORS INDUSTRIES LTD	737,112	$30,126	0.4%	$35.60	+36.9%	—	G6359F137
SE	SEA LTD	141,368	$25,267	0.4%	$167.63	—	—	81141R100
JBS	JBS NV	1,580,400	$23,595	0.3%	$14.51	-5.3%	—	N4732M103
—	FIRST MAJESTIC SILVER CORP	18,133,000	$19,680	0.3%	$0.87	—	—	32076VAD5
—	SHIFT4 PAYMENTS INC	14,544,000	$14,349	0.2%	$1.05	—	—	82452JAD1
—	MERITAGE HOMES CORP	12,695,000	$13,056	0.2%	$1.00	—	—	59001ABF8
—	DEXCOM INC	12,963,000	$12,875	0.2%	$0.98	—	—	252131AK3
WING	WINGSTOP INC	50,000	$12,584	0.2%	—	—	PUT	974155103
—	GUARDANT HEALTH INC	9,240,000	$12,054	0.2%	$1.10	—	—	40131MAD1
—	TRAVERE THERAPEUTICS INC	9,213,000	$10,433	0.1%	$0.91	—	—	89422GAA5
—	BLACKLINE INC	8,148,000	$8,481	0.1%	$1.06	—	—	09239BAF6
—	LI AUTO INC	7,279,000	$8,322	0.1%	$1.16	—	—	50202MAB8
ACR	ACRES COMMERCIAL REALTY CORP	391,380	$8,282	0.1%	$21.16	—	—	00489Q102
LGN	LEGENCE CORP	175,000	$5,392	0.1%	$31.48	+25.6%	—	52476L109
—	VERINT SYSTEMS INC	4,626,000	$4,539	0.1%	$0.96	—	—	92343XAC4
—	FUBOTV INC	4,538,000	$4,493	0.1%	$0.97	—	—	35953DAB0
—	NOVOCURE LTD	4,337,000	$4,310	0.1%	$0.99	—	—	67011XAB9
—	GUESS INC	3,621,000	$3,595	0.1%	$0.94	—	—	401617AF2
—	Q2 HOLDINGS INC	2,701,000	$2,678	0.0%	$0.99	—	—	74736LAF6
—	BRIDGEBIO PHARMA INC	1,850,000	$2,601	0.0%	$1.19	—	—	10806XAB8
—	UBER TECHNOLOGIES INC	1,503,000	$2,213	0.0%	$1.10	—	—	90353TAM2
—	ESPERION THERAPEUTICS INC	2,114,000	$2,110	0.0%	$0.99	—	—	29664WAB1
—	WAYFAIR INC	900,000	$1,374	0.0%	$1.14	—	—	94419LAP6
—	IRHYTHM TECHNOLOGIES INC	900,000	$1,239	0.0%	$1.04	—	—	450056AB2
TGS	TRANSPORTADORA DE GAS DEL SUR SA	56,522	$1,189	0.0%	$10.88	—	—	893870204
—	FIVERR INTERNATIONAL LTD	1,049,000	$1,049	0.0%	$0.92	—	—	33835LAA3
—	EVOLENT HEALTH INC	1,015,000	$818	0.0%	$0.81	—	—	30050BAH4
TPICQ	TPI COMPOSITES INC	4,610,003	$143	0.0%	$4.61	-99.4%	—	87266J104

Decreased Positions (48)

TRMD TORM PLC 7.5%

Value ($000) $527,288 (-36.8%) Shares 26,425,059 (-34.9%) Est. Cost $3.46 Unrealized +501.1%

— Indivior Pharmaceuticals Inc 3.6%

Value ($000) $255,059 (+2285.5%) Shares 7,108,644 (-97.2%) Est. Cost $0.62 Unrealized —

GTX GARRETT MOTION INC 4.2%

Value ($000) $297,963 (-31.4%) Shares 17,094,816 (-46.4%) Est. Cost $7.91 Unrealized +101.3%

AU ANGLOGOLD ASHANTI PLC 4.7%

Value ($000) $328,157 (+11.5%) Shares 3,847,991 (-8.1%) Est. Cost $17.73 Unrealized +337.2%

CX CEMEX SAB DE CV 0.9%

Value ($000) $66,060 (-29.7%) Shares 5,749,324 (-45.0%) Est. Cost $4.43 Unrealized —

VIST VISTA ENERGY SAB DE CV 0.5%

Value ($000) $38,064 (-39.9%) Shares 782,250 (-57.5%) Est. Cost $6.87 Unrealized —

B BARRICK MINING CORP 1.8%

Value ($000) $129,566 (+19.7%) Shares 2,975,118 (-9.9%) Est. Cost $19.54 Unrealized +91.5%

RWAY RUNWAY GROWTH FINANCE CORP 0.9%

Value ($000) $62,775 (-25.4%) Shares 7,029,667 (-15.1%) Est. Cost $7.59 Unrealized +22.7%

GRAB GRAB HOLDINGS LTD 0.8%

Value ($000) $55,926 (-23.2%) Shares 11,207,699 (-7.3%) Est. Cost $4.69 Unrealized +17.7%

— PARSONS CORP 0.0%

Value ($000) $1,195 (-91.9%) Shares 1,160,000 (-91.0%) Est. Cost $1.09 Unrealized —

LILAK LIBERTY LATIN AMERICA LTD 0.6%

Value ($000) $42,886 (-23.8%) Shares 5,748,780 (-13.8%) Est. Cost $6.77 Unrealized +21.5%

FCX FREEPORT-MCMORAN INC 1.0%

Value ($000) $70,601 (+19.6%) Shares 1,390,053 (-7.6%) Est. Cost $35.23 Unrealized +22.9%

YMM FULL TRUCK ALLIANCE CO LTD 0.5%

Value ($000) $37,767 (-23.3%) Shares 3,519,764 (-7.3%) Est. Cost $12.41 Unrealized —

ALVO ALVOTECH SA 0.0%

Value ($000) $2,023 (-84.2%) Shares 533,656 (-65.9%) Est. Cost $9.91 Unrealized -36.2%

— MKS INC 0.1%

Value ($000) $7,994 (-56.4%) Shares 6,255,000 (-62.6%) Est. Cost $1.02 Unrealized —

TEO TELECOM ARGENTINA SA 0.4%

Value ($000) $27,255 (+42.6%) Shares 2,347,508 (-10.7%) Est. Cost $11.31 Unrealized —

— BRIDGEBIO PHARMA INC 0.0%

Value ($000) $2,872 (-73.0%) Shares 2,550,000 (-76.3%) Est. Cost $0.87 Unrealized —

— SUMMIT HOTEL PROPERTIES INC 0.3%

Value ($000) $21,495 (-25.8%) Shares 21,560,000 (-26.8%) Est. Cost $0.97 Unrealized —

BZ KANZHUN LTD 0.4%

Value ($000) $31,043 (-19.1%) Shares 1,523,231 (-7.3%) Est. Cost $17.74 Unrealized —

— NEXTERA ENERGY INC 0.0%

Value ($000) $1,607 (-82.1%) Shares 1,292,000 (-82.9%) Est. Cost $1.16 Unrealized —

— JD.COM INC 0.3%

Value ($000) $19,320 (-24.7%) Shares 19,233,000 (-19.3%) Est. Cost $1.06 Unrealized —

TX TERNIUM SA 0.4%

Value ($000) $25,151 (-19.3%) Shares 658,565 (-26.6%) Est. Cost $37.30 Unrealized —

— SHAKE SHACK INC 0.1%

Value ($000) $5,387 (-51.7%) Shares 5,686,000 (-51.5%) Est. Cost $0.85 Unrealized —

— JAZZ PHARMACEUTICALS PLC 0.2%

Value ($000) $14,135 (-28.8%) Shares 10,600,000 (-36.5%) Est. Cost $1.19 Unrealized —

— COINBASE GLOBAL INC 0.2%

Value ($000) $10,791 (-34.1%) Shares 10,510,000 (-19.2%) Est. Cost $1.21 Unrealized —

— AEROVIRONMENT INC 0.2%

Value ($000) $17,142 (-22.3%) Shares 15,763,000 (-11.3%) Est. Cost $1.24 Unrealized —

— VAIL RESORTS INC 0.0%

Value ($000) $1,820 (-69.8%) Shares 1,819,000 (-70.1%) Est. Cost $0.96 Unrealized —

FTAI FTAI AVIATION LTD 1.4%

Value ($000) $101,836 (+4.3%) Shares 517,328 (-11.6%) Est. Cost $141.79 Unrealized +20.1%

— TRIP.COM GROUP LTD 0.0%

Value ($000) $1,468 (-72.8%) Shares 1,189,000 (-71.9%) Est. Cost $1.12 Unrealized —

— UPSTART HOLDINGS INC 0.1%

Value ($000) $6,965 (-36.1%) Shares 7,199,000 (-37.1%) Est. Cost $0.91 Unrealized —

— GUARDANT HEALTH INC 0.0%

Value ($000) $600 (-86.6%) Shares 555,000 (-88.1%) Est. Cost $0.81 Unrealized —

— CMS ENERGY CORP 0.2%

Value ($000) $16,293 (-14.4%) Shares 15,199,000 (-12.4%) Est. Cost $1.08 Unrealized —

— ENPHASE ENERGY INC 0.2%

Value ($000) $10,802 (-15.4%) Shares 10,911,000 (-16.5%) Est. Cost $0.95 Unrealized —

— FLUOR CORP 0.2%

Value ($000) $10,699 (-14.1%) Shares 9,371,000 (-10.5%) Est. Cost $1.19 Unrealized —

— SNAP INC 0.2%

Value ($000) $12,184 (-11.0%) Shares 13,422,000 (-12.5%) Est. Cost $0.82 Unrealized —

— TELADOC HEALTH INC 0.5%

Value ($000) $36,747 (-3.7%) Shares 38,479,000 (-5.3%) Est. Cost $0.91 Unrealized —

— HERBALIFE LTD 0.0%

Value ($000) $1,347 (-49.2%) Shares 1,242,000 (-56.4%) Est. Cost $0.86 Unrealized —

— WEC ENERGY GROUP INC 0.2%

Value ($000) $13,978 (-8.4%) Shares 11,957,000 (-3.7%) Est. Cost $1.19 Unrealized —

CBL CBL & ASSOCIATES PROPERTIES INC 1.3%

Value ($000) $93,150 (+1.4%) Shares 2,517,576 (-16.2%) Est. Cost $32.09 Unrealized —

— VERTEX INC 0.1%

Value ($000) $6,181 (-16.4%) Shares 6,507,000 (-10.2%) Est. Cost $1.02 Unrealized —

— PELOTON INTERACTIVE INC 0.0%

Value ($000) $553 (-58.5%) Shares 559,000 (-58.7%) Est. Cost $0.95 Unrealized —

— FASTLY INC 0.0%

Value ($000) $850 (-34.5%) Shares 863,000 (-36.3%) Est. Cost $0.96 Unrealized —

— GROUPON INC 0.0%

Value ($000) $1,863 (-19.0%) Shares 1,874,000 (-21.3%) Est. Cost $0.91 Unrealized —

— TWO HARBORS INVESTMENT CORP 0.0%

Value ($000) $3,290 (-11.7%) Shares 3,298,000 (-11.4%) Est. Cost $0.98 Unrealized —

HDB HDFC BANK LTD 0.1%

Value ($000) $4,766 (-7.7%) Shares 130,441 (-13.7%) Est. Cost $49.60 Unrealized —

— ASCENDIS PHARMA A/S 0.0%

Value ($000) $994 (-27.1%) Shares 700,000 (-30.0%) Est. Cost $1.14 Unrealized —

— DIGITALOCEAN HOLDINGS INC 0.0%

Value ($000) $1,817 (-5.3%) Shares 1,880,000 (-7.4%) Est. Cost $0.94 Unrealized —

— BILL HOLDINGS INC 0.0%

Value ($000) $3,137 (+0.1%) Shares 3,306,000 (-1.5%) Est. Cost $0.92 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TRMD	TORM PLC	26,425,059 (-34.9%)	$527,288 (-36.8%)	7.5%	$3.46	+501.1%	COMMON STOCK	G89479102
—	Indivior Pharmaceuticals Inc	7,108,644 (-97.2%)	$255,059 (+2285.5%)	3.6%	$0.62	—	COMMON STOCK	G4766E116
GTX	GARRETT MOTION INC	17,094,816 (-46.4%)	$297,963 (-31.4%)	4.2%	$7.91	+101.3%	COMMON STOCK	366505105
AU	ANGLOGOLD ASHANTI PLC	3,847,991 (-8.1%)	$328,157 (+11.5%)	4.7%	$17.73	+337.2%	COMMON STOCK	G0378L100
CX	CEMEX SAB DE CV	5,749,324 (-45.0%)	$66,060 (-29.7%)	0.9%	$4.43	—	COMMON STOCK	151290889
VIST	VISTA ENERGY SAB DE CV	782,250 (-57.5%)	$38,064 (-39.9%)	0.5%	$6.87	—	COMMON STOCK	92837L109
B	BARRICK MINING CORP	2,975,118 (-9.9%)	$129,566 (+19.7%)	1.8%	$19.54	+91.5%	COMMON STOCK	06849F108
RWAY	RUNWAY GROWTH FINANCE CORP	7,029,667 (-15.1%)	$62,775 (-25.4%)	0.9%	$7.59	+22.7%	COMMON STOCK	78163D100
GRAB	GRAB HOLDINGS LTD	11,207,699 (-7.3%)	$55,926 (-23.2%)	0.8%	$4.69	+17.7%	COMMON STOCK	G4124C109
—	PARSONS CORP	1,160,000 (-91.0%)	$1,195 (-91.9%)	0.0%	$1.09	—	CONVERTIBLE BOND	70202LAD4
LILAK	LIBERTY LATIN AMERICA LTD	5,748,780 (-13.8%)	$42,886 (-23.8%)	0.6%	$6.77	+21.5%	COMMON STOCK	G9001E128
FCX	FREEPORT-MCMORAN INC	1,390,053 (-7.6%)	$70,601 (+19.6%)	1.0%	$35.23	+22.9%	COMMON STOCK	35671D857
YMM	FULL TRUCK ALLIANCE CO LTD	3,519,764 (-7.3%)	$37,767 (-23.3%)	0.5%	$12.41	—	COMMON STOCK	35969L108
ALVO	ALVOTECH SA	533,656 (-65.9%)	$2,023 (-84.2%)	0.0%	$9.91	-36.2%	COMMON STOCK	L01800108
—	MKS INC	6,255,000 (-62.6%)	$7,994 (-56.4%)	0.1%	$1.02	—	CONVERTIBLE BOND	55306NAB0
TEO	TELECOM ARGENTINA SA	2,347,508 (-10.7%)	$27,255 (+42.6%)	0.4%	$11.31	—	COMMON STOCK	879273209
—	BRIDGEBIO PHARMA INC	2,550,000 (-76.3%)	$2,872 (-73.0%)	0.0%	$0.87	—	CONVERTIBLE BOND	10806XAD4
—	SUMMIT HOTEL PROPERTIES INC	21,560,000 (-26.8%)	$21,495 (-25.8%)	0.3%	$0.97	—	CONVERTIBLE BOND	866082AA8
BZ	KANZHUN LTD	1,523,231 (-7.3%)	$31,043 (-19.1%)	0.4%	$17.74	—	COMMON STOCK	48553T106
—	NEXTERA ENERGY INC	1,292,000 (-82.9%)	$1,607 (-82.1%)	0.0%	$1.16	—	CONVERTIBLE BOND	65339KCY4
—	JD.COM INC	19,233,000 (-19.3%)	$19,320 (-24.7%)	0.3%	$1.06	—	CONVERTIBLE BOND	47215PAJ5
TX	TERNIUM SA	658,565 (-26.6%)	$25,151 (-19.3%)	0.4%	$37.30	—	COMMON STOCK	880890108
—	SHAKE SHACK INC	5,686,000 (-51.5%)	$5,387 (-51.7%)	0.1%	$0.85	—	CONVERTIBLE BOND	819047AB7
—	JAZZ PHARMACEUTICALS PLC	10,600,000 (-36.5%)	$14,135 (-28.8%)	0.2%	$1.19	—	CONVERTIBLE BOND	472145AH4
—	COINBASE GLOBAL INC	10,510,000 (-19.2%)	$10,791 (-34.1%)	0.2%	$1.21	—	CONVERTIBLE BOND	19260QAF4
—	AEROVIRONMENT INC	15,763,000 (-11.3%)	$17,142 (-22.3%)	0.2%	$1.24	—	CONVERTIBLE BOND	008073AA6
—	VAIL RESORTS INC	1,819,000 (-70.1%)	$1,820 (-69.8%)	0.0%	$0.96	—	CONVERTIBLE BOND	91879QAN9
FTAI	FTAI AVIATION LTD	517,328 (-11.6%)	$101,836 (+4.3%)	1.4%	$141.79	+20.1%	COMMON STOCK	G3730V105
—	TRIP.COM GROUP LTD	1,189,000 (-71.9%)	$1,468 (-72.8%)	0.0%	$1.12	—	CONVERTIBLE BOND	89677QAB3
—	UPSTART HOLDINGS INC	7,199,000 (-37.1%)	$6,965 (-36.1%)	0.1%	$0.91	—	CONVERTIBLE BOND	91680MAB3
—	GUARDANT HEALTH INC	555,000 (-88.1%)	$600 (-86.6%)	0.0%	$0.81	—	CONVERTIBLE BOND	40131MAB5
—	CMS ENERGY CORP	15,199,000 (-12.4%)	$16,293 (-14.4%)	0.2%	$1.08	—	CONVERTIBLE BOND	125896BX7
—	ENPHASE ENERGY INC	10,911,000 (-16.5%)	$10,802 (-15.4%)	0.2%	$0.95	—	CONVERTIBLE BOND	29355AAH0
—	FLUOR CORP	9,371,000 (-10.5%)	$10,699 (-14.1%)	0.2%	$1.19	—	CONVERTIBLE BOND	343412AJ1
—	SNAP INC	13,422,000 (-12.5%)	$12,184 (-11.0%)	0.2%	$0.82	—	CONVERTIBLE BOND	83304AAH9
—	TELADOC HEALTH INC	38,479,000 (-5.3%)	$36,747 (-3.7%)	0.5%	$0.91	—	CONVERTIBLE BOND	87918AAF2
—	HERBALIFE LTD	1,242,000 (-56.4%)	$1,347 (-49.2%)	0.0%	$0.86	—	CONVERTIBLE BOND	42703MAF0
—	WEC ENERGY GROUP INC	11,957,000 (-3.7%)	$13,978 (-8.4%)	0.2%	$1.19	—	CONVERTIBLE BOND	92939UAR7
CBL	CBL & ASSOCIATES PROPERTIES INC	2,517,576 (-16.2%)	$93,150 (+1.4%)	1.3%	$32.09	—	COMMON STOCK	124830878
—	VERTEX INC	6,507,000 (-10.2%)	$6,181 (-16.4%)	0.1%	$1.02	—	CONVERTIBLE BOND	92538JAB2
—	PELOTON INTERACTIVE INC	559,000 (-58.7%)	$553 (-58.5%)	0.0%	$0.95	—	CONVERTIBLE BOND	70614WAB6
—	FASTLY INC	863,000 (-36.3%)	$850 (-34.5%)	0.0%	$0.96	—	CONVERTIBLE BOND	31188VAB6
—	GROUPON INC	1,874,000 (-21.3%)	$1,863 (-19.0%)	0.0%	$0.91	—	CONVERTIBLE BOND	399473AF4
—	TWO HARBORS INVESTMENT CORP	3,298,000 (-11.4%)	$3,290 (-11.7%)	0.0%	$0.98	—	CONVERTIBLE BOND	90187BAB7
HDB	HDFC BANK LTD	130,441 (-13.7%)	$4,766 (-7.7%)	0.1%	$49.60	—	COMMON STOCK	40415F101
—	ASCENDIS PHARMA A/S	700,000 (-30.0%)	$994 (-27.1%)	0.0%	$1.14	—	CONVERTIBLE BOND	04351PAD3
—	DIGITALOCEAN HOLDINGS INC	1,880,000 (-7.4%)	$1,817 (-5.3%)	0.0%	$0.94	—	CONVERTIBLE BOND	25402DAB8
—	BILL HOLDINGS INC	3,306,000 (-1.5%)	$3,137 (+0.1%)	0.0%	$0.92	—	CONVERTIBLE BOND	090043AD2

Unchanged Positions (31)

ORCL ORACLE CORP 1.4%

Value ($000) $97,455 Shares 500,000 Est. Cost — Unrealized —

STKL SUNOPTA INC 1.1%

Value ($000) $78,883 Shares 20,726,126 Est. Cost $11.82 Unrealized -61.6%

NOK NOKIA OYJ 1.7%

Value ($000) $121,327 Shares 18,752,229 Est. Cost $5.27 Unrealized —

EXE EXPAND ENERGY CORP 7.9%

Value ($000) $558,682 Shares 5,062,363 Est. Cost $35.05 Unrealized +215.7%

KRC KILROY REALTY CORP 1.0%

Value ($000) $69,135 Shares 1,850,011 Est. Cost $61.83 Unrealized —

MAR MARRIOTT INTERNATIONAL INC/MD 0.7%

Value ($000) $46,536 Shares 150,000 Est. Cost — Unrealized —

TDS TELEPHONE AND DATA SYSTEMS INC 2.2%

Value ($000) $151,224 Shares 3,688,386 Est. Cost $38.48 Unrealized +1.2%

TAC TRANSALTA CORP 1.2%

Value ($000) $81,247 Shares 6,415,253 Est. Cost $11.02 Unrealized +35.5%

CRC CALIFORNIA RESOURCES CORP 0.4%

Value ($000) $31,051 Shares 694,502 Est. Cost $48.28 Unrealized -2.3%

OPTU OPTIMUM COMMUNICATIONS INC 0.2%

Value ($000) $12,375 Shares 7,500,000 Est. Cost $2.16 Unrealized -5.8%

SMRT SMARTRENT INC 0.2%

Value ($000) $15,161 Shares 7,505,294 Est. Cost $4.18 Unrealized -60.8%

VALE VALE SA 0.4%

Value ($000) $26,369 Shares 2,023,706 Est. Cost $13.05 Unrealized —

ALVOW ALVOTECH SA 0.0%

Value ($000) $3,033 Shares 4,666,667 Est. Cost $0.84 Unrealized —

LBTYA LIBERTY GLOBAL LTD 1.4%

Value ($000) $95,260 Shares 8,551,191 Est. Cost $9.72 Unrealized +13.8%

NU NU HOLDINGS LTD/CAYMAN ISLANDS 1.1%

Value ($000) $74,981 Shares 4,479,175 Est. Cost $13.95 Unrealized +15.2%

AD ARRAY DIGITAL INFRASTRUCTURE INC 0.6%

Value ($000) $38,845 Shares 724,444 Est. Cost $41.80 Unrealized -2.1%

VNOM VIPER ENERGY INC 3.5%

Value ($000) $242,792 Shares 6,285,062 Est. Cost $38.10 Unrealized -0.6%

MX MAGNACHIP SEMICONDUCTOR CORP 0.1%

Value ($000) $7,267 Shares 2,849,858 Est. Cost $10.79 Unrealized -74.2%

SBLK STAR BULK CARRIERS CORP 0.5%

Value ($000) $37,727 Shares 1,962,892 Est. Cost $10.12 Unrealized +84.4%

LILA LIBERTY LATIN AMERICA LTD 0.1%

Value ($000) $6,200 Shares 839,020 Est. Cost $7.37 Unrealized +10.3%

— CABLE ONE INC 0.8%

Value ($000) $58,138 Shares 58,874,000 Est. Cost $0.87 Unrealized —

— PPL CORP 0.2%

Value ($000) $17,220 Shares 15,672,000 Est. Cost $1.09 Unrealized —

BHC BAUSCH HEALTH COS INC 0.1%

Value ($000) $8,827 Shares 1,270,000 Est. Cost $8.62 Unrealized -23.7%

OCSL OAKTREE SPECIALTY LENDING CORP 0.3%

Value ($000) $23,600 Shares 1,852,456 Est. Cost $19.81 Unrealized -32.6%

EXEEL EXPAND ENERGY CORP 0.1%

Value ($000) $9,496 Shares 95,294 Est. Cost $86.50 Unrealized —

BATL BATTALION OIL CORP 0.0%

Value ($000) $3,401 Shares 3,009,912 Est. Cost $9.80 Unrealized -88.3%

BTAI BIOXCEL THERAPEUTICS INC 0.0%

Value ($000) $386 Shares 241,188 Est. Cost $1.66 Unrealized +24.6%

— SOUTHERN CO/THE 0.1%

Value ($000) $4,874 Shares 4,557,000 Est. Cost $1.11 Unrealized —

— ON SEMICONDUCTOR CORP 0.0%

Value ($000) $2,326 Shares 1,950,000 Est. Cost $1.11 Unrealized —

— LYFT INC 0.0%

Value ($000) $1,326 Shares 1,100,000 Est. Cost $1.29 Unrealized —

— CONMED CORP 0.6%

Value ($000) $38,711 Shares 40,324,000 Est. Cost $0.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	500,000	$97,455	1.4%	—	—	PUT	68389X105
STKL	SUNOPTA INC	20,726,126	$78,883	1.1%	$11.82	-61.6%	COMMON STOCK	8676EP108
NOK	NOKIA OYJ	18,752,229	$121,327	1.7%	$5.27	—	COMMON STOCK	654902204
EXE	EXPAND ENERGY CORP	5,062,363	$558,682	7.9%	$35.05	+215.7%	COMMON STOCK	165167735
KRC	KILROY REALTY CORP	1,850,011	$69,135	1.0%	$61.83	—	COMMON STOCK	49427F108
MAR	MARRIOTT INTERNATIONAL INC/MD	150,000	$46,536	0.7%	—	—	PUT	571903202
TDS	TELEPHONE AND DATA SYSTEMS INC	3,688,386	$151,224	2.2%	$38.48	+1.2%	COMMON STOCK	879433829
TAC	TRANSALTA CORP	6,415,253	$81,247	1.2%	$11.02	+35.5%	COMMON STOCK	89346D107
CRC	CALIFORNIA RESOURCES CORP	694,502	$31,051	0.4%	$48.28	-2.3%	COMMON STOCK	13057Q305
OPTU	OPTIMUM COMMUNICATIONS INC	7,500,000	$12,375	0.2%	$2.16	-5.8%	COMMON STOCK	02156K103
SMRT	SMARTRENT INC	7,505,294	$15,161	0.2%	$4.18	-60.8%	COMMON STOCK	83193G107
VALE	VALE SA	2,023,706	$26,369	0.4%	$13.05	—	COMMON STOCK	91912E105
ALVOW	ALVOTECH SA	4,666,667	$3,033	0.0%	$0.84	—	WARRANT	L01800116
LBTYA	LIBERTY GLOBAL LTD	8,551,191	$95,260	1.4%	$9.72	+13.8%	COMMON STOCK	G61188101
NU	NU HOLDINGS LTD/CAYMAN ISLANDS	4,479,175	$74,981	1.1%	$13.95	+15.2%	COMMON STOCK	G6683N103
AD	ARRAY DIGITAL INFRASTRUCTURE INC	724,444	$38,845	0.6%	$41.80	-2.1%	COMMON STOCK	911684108
VNOM	VIPER ENERGY INC	6,285,062	$242,792	3.5%	$38.10	-0.6%	COMMON STOCK	64361Q101
MX	MAGNACHIP SEMICONDUCTOR CORP	2,849,858	$7,267	0.1%	$10.79	-74.2%	COMMON STOCK	55933J203
SBLK	STAR BULK CARRIERS CORP	1,962,892	$37,727	0.5%	$10.12	+84.4%	COMMON STOCK	Y8162K204
LILA	LIBERTY LATIN AMERICA LTD	839,020	$6,200	0.1%	$7.37	+10.3%	COMMON STOCK	G9001E102
—	CABLE ONE INC	58,874,000	$58,138	0.8%	$0.87	—	CONVERTIBLE BOND	12685JAE5
—	PPL CORP	15,672,000	$17,220	0.2%	$1.09	—	CONVERTIBLE BOND	69352PAS2
BHC	BAUSCH HEALTH COS INC	1,270,000	$8,827	0.1%	$8.62	-23.7%	COMMON STOCK	071734107
OCSL	OAKTREE SPECIALTY LENDING CORP	1,852,456	$23,600	0.3%	$19.81	-32.6%	COMMON STOCK	67401P405
EXEEL	EXPAND ENERGY CORP	95,294	$9,496	0.1%	$86.50	—	WARRANT	165167180
BATL	BATTALION OIL CORP	3,009,912	$3,401	0.0%	$9.80	-88.3%	COMMON STOCK	07134L107
BTAI	BIOXCEL THERAPEUTICS INC	241,188	$386	0.0%	$1.66	+24.6%	COMMON STOCK	09075P204
—	SOUTHERN CO/THE	4,557,000	$4,874	0.1%	$1.11	—	CONVERTIBLE BOND	842587DZ7
—	ON SEMICONDUCTOR CORP	1,950,000	$2,326	0.0%	$1.11	—	CONVERTIBLE BOND	682189AS4
—	LYFT INC	1,100,000	$1,326	0.0%	$1.29	—	CONVERTIBLE BOND	55087PAD6
—	CONMED CORP	40,324,000	$38,711	0.6%	$0.95	—	CONVERTIBLE BOND	207410AH4