ZAZOVE ASSOCIATES LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	GUIDEWIRE SOFTWARE INC	25,305,000	$27,885	2.4%	$1.10	—	NOTE 1.250%11/0	40171VAC4
—	INTEGER HLDGS CORP	15,445,000	$17,465	1.5%	$1.13	—	NOTE 2.125% 2/1	45826HAB5
—	LIVE NATION ENTERTAINMENT IN	11,190,000	$11,812	1.0%	$1.06	—	NOTE 2.875% 1/1	538034BC2
—	AFFIRM HLDGS INC	4,500,000	$5,008	0.4%	$1.11	—	NOTE 0.750%12/1	00827BAD8
GRNT	GRANITE RIDGE RESOURCES INC	683,056	$3,210	0.3%	$5.16	0.0%	COM	387432107
—	FIRST MAJESTIC SILVER CORP	2,600,000	$3,210	0.3%	$1.23	—	NOTE 0.375% 1/1	32076VAD5
—	DATADOG INC	2,800,000	$2,805	0.2%	$1.00	—	NOTE 12/0	23804LAD5
—	FLUENCE ENERGY INC	2,000,000	$2,422	0.2%	$1.21	—	NOTE 2.250% 6/1	34379VAB9
—	UPSTART HLDGS INC	2,500,000	$2,200	0.2%	$0.88	—	NOTE 1.000%11/1	91680MAF4
—	B2GOLD CORP	934,200	$1,242	0.1%	$1.33	—	CALL	11777Q909
PL/WS	PLANET LABS PBC	95,000	$815	0.1%	$8.58	—	*W EXP 12/06/202	72703X114
—	IRONWOOD PHARMACEUTICALS INC	550,000	$522	0.0%	$0.95	—	NOTE 1.500% 6/1	46333XAH1
USAS	AMERICAS GOLD AND SILVER COR	100,000	$511	0.0%	$4.50	0.0%	COM NEW	03062D803
—	RYDER SYS INC	25,600	$466	0.0%	$18.18	—	PUT	783549958
—	GENESIS ENERGY L P	133,800	$442	0.0%	$3.30	—	CALL	371927904
—	CRACKER BARREL OLD CTRY STOR	400,000	$390	0.0%	$0.97	—	NOTE 0.625% 6/1	22410JAB2
—	PBF ENERGY INC	100,000	$325	0.0%	$3.25	—	PUT	69318G956
—	DELEK US HLDGS INC NEW	115,000	$315	0.0%	$2.74	—	CALL	24665A903
—	GE VERNOVA INC	5,000	$298	0.0%	$59.60	—	CALL	36828A901
SYM	SYMBOTIC INC	5,000	$298	0.0%	$66.04	0.0%	CLASS A COM	87151X101
SVM	SILVERCORP METALS INC	34,500	$288	0.0%	$7.26	0.0%	COM	82835P103
—	ENPHASE ENERGY INC	300,000	$263	0.0%	$0.88	—	NOTE 3/0	29355AAK3
—	BKV CORP	50,000	$240	0.0%	$4.80	—	CALL	05603J908
—	ALLIANCEBERNSTEIN HLDG L P	63,300	$237	0.0%	$3.75	—	CALL	01881G906
PCT	PURECYCLE TECHNOLOGIES INC	25,869	$222	0.0%	$10.62	0.0%	COM	74623V103
—	ISHARES INC	300,000	$218	0.0%	$0.72	—	PUT	464286950
—	SYMBOTIC INC	17,000	$168	0.0%	$9.90	—	CALL	87151X901
AMPX/WS	AMPRIUS TECHNOLOGIES INC	61,891	$160	0.0%	$2.59	—	*W EXP 09/14/202	03214Q116
—	UL SOLUTIONS INC	20,000	$146	0.0%	$7.30	—	CALL	903731907
—	NUTANIX INC	150,000	$145	0.0%	$0.97	—	NOTE 0.500%12/1	67059NAK4
—	10X GENOMICS INC	60,000	$140	0.0%	$2.33	—	CALL	88025U909
—	EQUINOX GOLD CORP	25,000	$98	0.0%	$3.90	—	CALL	29446Y902
—	PARSONS CORP DEL	25,000	$85	0.0%	$3.40	—	CALL	70202L902
—	SILVERCORP METALS INC	68,700	$77	0.0%	$1.13	—	CALL	82835P903
—	HILTON WORLDWIDE HLDGS INC	12,500	$77	0.0%	$6.15	—	PUT	43300A953
—	BROOKDALE SR LIVING INC	50,000	$70	0.0%	$1.40	—	NOTE 3.500%10/1	112463AF1
—	GENERAL MLS INC	25,000	$44	0.0%	$1.75	—	PUT	370334954
—	SPDR S&P 500 ETF TR	59,500	$33	0.0%	$0.56	—	PUT	78462F953
—	CARVANA CO	3,000	$11	0.0%	$3.73	—	PUT	146869952

Increased Positions (38)

— SPOTIFY USA INC 4.8%

Value ($000) $56,103 (+318.1%) Shares 49,276,000 (+403.1%) Est. Cost $1.15 Unrealized —

— NUTANIX INC 3.0%

Value ($000) $34,875 (+2137.2%) Shares 30,975,000 (+2653.3%) Est. Cost $1.12 Unrealized —

— DUKE ENERGY CORP NEW 5.4%

Value ($000) $63,028 (+41.0%) Shares 61,110,000 (+46.6%) Est. Cost $1.02 Unrealized —

— SSR MINING IN 2.5%

Value ($000) $28,553 (+96.5%) Shares 21,755,000 (+112.1%) Est. Cost $1.35 Unrealized —

— TYLER TEX INDPT SCH DIST 5.3%

Value ($000) $61,770 (+20.2%) Shares 60,945,000 (+30.6%) Est. Cost $1.05 Unrealized —

— EXPEDIA GROUP INC 0.8%

Value ($000) $9,306 (+927.2%) Shares 8,297,000 (+825.0%) Est. Cost $1.11 Unrealized —

— FORD MTR CO 1.0%

Value ($000) $11,093 (+264.7%) Shares 10,685,000 (+256.2%) Est. Cost $1.03 Unrealized —

— PARSONS CORP DEL 5.3%

Value ($000) $61,192 (-5.8%) Shares 59,237,000 (+4.1%) Est. Cost $1.00 Unrealized —

— FLUOR CORP 3.9%

Value ($000) $45,652 (+7.9%) Shares 39,930,000 (+12.1%) Est. Cost $1.12 Unrealized —

— ITRON INC 3.0%

Value ($000) $34,326 (-8.1%) Shares 33,865,000 (+4.3%) Est. Cost $1.18 Unrealized —

— FRESHPET INC 0.6%

Value ($000) $6,756 (+59.5%) Shares 5,770,000 (+53.1%) Est. Cost $1.14 Unrealized —

— BRAEMAR HOTELS & RESORTS INC 0.2%

Value ($000) $2,147 (+383.0%) Shares 144,113 (+423.8%) Est. Cost $15.14 Unrealized —

— AEROVIRONMENT INC 1.9%

Value ($000) $21,610 (+5.3%) Shares 19,815,000 (+20.0%) Est. Cost $1.22 Unrealized —

— ASA GOLD AND PRECIOUS MTLS L 0.2%

Value ($000) $1,889 (+133.0%) Shares 31,655 (+78.8%) Est. Cost $51.91 Unrealized —

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.3%

Value ($000) $3,006 (+55.3%) Shares 1,360,000 (+11.0%) Est. Cost $2.36 Unrealized -21.4%

OPFI/WS OPPFI INC 0.1%

Value ($000) $1,360 (+321.4%) Shares 909,467 (+546.9%) Est. Cost $1.62 Unrealized —

PCTTW PURECYCLE TECHNOLOGIES INC 0.0%

Value ($000) $552 (-62.7%) Shares 575,464 (+31.7%) Est. Cost $1.72 Unrealized —

ACHR/WS ARCHER AVIATION INC 0.1%

Value ($000) $1,142 (+420.1%) Shares 997,040 (+897.0%) Est. Cost $1.35 Unrealized —

NNAVW NEXTNAV INC 0.1%

Value ($000) $1,221 (+211.2%) Shares 170,655 (+141.8%) Est. Cost $6.46 Unrealized —

BHR BRAEMAR HOTELS & RESORTS INC 0.6%

Value ($000) $6,981 (+12.7%) Shares 2,432,460 (+7.2%) Est. Cost $5.14 Unrealized —

— URBAN ONE INC 0.4%

Value ($000) $4,295 (+18.6%) Shares 5,083,163 (+1.2%) Est. Cost $1.43 Unrealized —

MNTN MNTN INC 0.1%

Value ($000) $1,512 (+63.0%) Shares 126,601 (+153.2%) Est. Cost $17.70 Unrealized -18.6%

BKD BROOKDALE SR LIVING INC 0.1%

Value ($000) $1,403 (+65.6%) Shares 130,000 (+30.0%) Est. Cost $8.13 Unrealized +20.9%

— SOUTHERN CO 2.6%

Value ($000) $30,533 (+1.6%) Shares 28,550,000 (+5.9%) Est. Cost $1.10 Unrealized —

— BANDWIDTH INC 0.0%

Value ($000) $554 (+463.0%) Shares 630,000 (+447.8%) Est. Cost $0.87 Unrealized —

STKL SUNOPTA INC 0.1%

Value ($000) $1,045 (-25.7%) Shares 275,000 (+14.6%) Est. Cost $6.54 Unrealized -30.6%

— KAYNE ANDERSON ENERGY INFRST 0.4%

Value ($000) $5,137 (+7.0%) Shares 414,961 (+7.0%) Est. Cost $5.49 Unrealized —

NPWR/WS NET POWER INC 0.1%

Value ($000) $808 (-28.1%) Shares 1,538,612 (+3.5%) Est. Cost $0.55 Unrealized —

— BANK AMERICA CORP 0.8%

Value ($000) $9,759 (+2.7%) Shares 7,817 (+5.4%) Est. Cost $1279.34 Unrealized —

ODV OSISKO DEVELOPMENT CORP 0.1%

Value ($000) $907 (+33.8%) Shares 260,000 (+30.0%) Est. Cost $4.36 Unrealized -21.3%

LUXE LUXEXPERIENCE BV 0.1%

Value ($000) $1,673 (+15.8%) Shares 200,374 (+17.9%) Est. Cost $7.90 Unrealized —

BRCC BRC INC 0.1%

Value ($000) $599 (+54.8%) Shares 539,454 (+117.5%) Est. Cost $2.07 Unrealized -37.4%

NCMI NATIONAL CINEMEDIA INC 0.1%

Value ($000) $1,001 (+23.2%) Shares 257,375 (+42.8%) Est. Cost $4.71 Unrealized -12.0%

GROY GOLD ROYALTY CORP 0.1%

Value ($000) $1,353 (+7.9%) Shares 335,000 (+3.1%) Est. Cost $1.43 Unrealized +168.4%

— NORTHERN OIL & GAS INC 1.1%

Value ($000) $12,976 (+0.7%) Shares 13,401,000 (+4.5%) Est. Cost $0.61 Unrealized —

RUMBW RUMBLE INC 0.2%

Value ($000) $2,192 (-2.5%) Shares 1,129,943 (+1.0%) Est. Cost $1.69 Unrealized —

AIRJW AIRJOULE TECHNOLOGIES CORP 0.0%

Value ($000) $14 (+81.9%) Shares 15,700 (+72.5%) Est. Cost $1.22 Unrealized —

— ADAM NAT RES FD INC 0.0%

Value ($000) $21 (+3.2%) Shares 950 (+2.2%) Est. Cost $2.56 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SPOTIFY USA INC	49,276,000 (+403.1%)	$56,103 (+318.1%)	4.8%	$1.15	—	NOTE 3/1	84921RAB6
—	NUTANIX INC	30,975,000 (+2653.3%)	$34,875 (+2137.2%)	3.0%	$1.12	—	NOTE 0.250%10/0	67059NAH1
—	DUKE ENERGY CORP NEW	61,110,000 (+46.6%)	$63,028 (+41.0%)	5.4%	$1.02	—	NOTE 4.125% 4/1	26441CBY0
—	SSR MINING IN	21,755,000 (+112.1%)	$28,553 (+96.5%)	2.5%	$1.35	—	NOTE 2.500% 4/0	784730AB9
—	TYLER TEX INDPT SCH DIST	60,945,000 (+30.6%)	$61,770 (+20.2%)	5.3%	$1.05	—	NOTE 0.250% 3/1	902252AB1
—	EXPEDIA GROUP INC	8,297,000 (+825.0%)	$9,306 (+927.2%)	0.8%	$1.11	—	NOTE 2/1	30212PBE4
—	FORD MTR CO	10,685,000 (+256.2%)	$11,093 (+264.7%)	1.0%	$1.03	—	NOTE 3/1	345370CZ1
—	PARSONS CORP DEL	59,237,000 (+4.1%)	$61,192 (-5.8%)	5.3%	$1.00	—	NOTE 2.625% 3/0	70202LAD4
—	FLUOR CORP	39,930,000 (+12.1%)	$45,652 (+7.9%)	3.9%	$1.12	—	NOTE 1.125% 8/1	343412AJ1
—	ITRON INC	33,865,000 (+4.3%)	$34,326 (-8.1%)	3.0%	$1.18	—	NOTE 1.375% 7/1	465741AQ9
—	FRESHPET INC	5,770,000 (+53.1%)	$6,756 (+59.5%)	0.6%	$1.14	—	NOTE 3.000% 4/0	358039AB1
—	BRAEMAR HOTELS & RESORTS INC	144,113 (+423.8%)	$2,147 (+383.0%)	0.2%	$15.14	—	5.5 CUM CV PFD B	10482B200
—	AEROVIRONMENT INC	19,815,000 (+20.0%)	$21,610 (+5.3%)	1.9%	$1.22	—	NOTE 7/1	008073AA6
—	ASA GOLD AND PRECIOUS MTLS L	31,655 (+78.8%)	$1,889 (+133.0%)	0.2%	$51.91	—	SHS	G3156P103
CCO	CLEAR CHANNEL OUTDOOR HLDGS	1,360,000 (+11.0%)	$3,006 (+55.3%)	0.3%	$2.36	-21.4%	COM	18453H106
OPFI/WS	OPPFI INC	909,467 (+546.9%)	$1,360 (+321.4%)	0.1%	$1.62	—	*W EXP 07/20/202	68386H111
PCTTW	PURECYCLE TECHNOLOGIES INC	575,464 (+31.7%)	$552 (-62.7%)	0.0%	$1.72	—	*W EXP 03/17/202	74623V111
ACHR/WS	ARCHER AVIATION INC	997,040 (+897.0%)	$1,142 (+420.1%)	0.1%	$1.35	—	*W EXP 09/16/202	03945R110
NNAVW	NEXTNAV INC	170,655 (+141.8%)	$1,221 (+211.2%)	0.1%	$6.46	—	*W EXP 99/99/999	65345N114
BHR	BRAEMAR HOTELS & RESORTS INC	2,432,460 (+7.2%)	$6,981 (+12.7%)	0.6%	$5.14	—	COM	10482B101
—	URBAN ONE INC	5,083,163 (+1.2%)	$4,295 (+18.6%)	0.4%	$1.43	—	CL D NON VTG	91705J204
MNTN	MNTN INC	126,601 (+153.2%)	$1,512 (+63.0%)	0.1%	$17.70	-18.6%	CL A	55318A108
BKD	BROOKDALE SR LIVING INC	130,000 (+30.0%)	$1,403 (+65.6%)	0.1%	$8.13	+20.9%	COM	112463104
—	SOUTHERN CO	28,550,000 (+5.9%)	$30,533 (+1.6%)	2.6%	$1.10	—	NOTE 4.500% 6/1	842587DZ7
—	BANDWIDTH INC	630,000 (+447.8%)	$554 (+463.0%)	0.0%	$0.87	—	NOTE 0.500% 4/0	05988JAD5
STKL	SUNOPTA INC	275,000 (+14.6%)	$1,045 (-25.7%)	0.1%	$6.54	-30.6%	COM	8676EP108
—	KAYNE ANDERSON ENERGY INFRST	414,961 (+7.0%)	$5,137 (+7.0%)	0.4%	$5.49	—	COM	486606106
NPWR/WS	NET POWER INC	1,538,612 (+3.5%)	$808 (-28.1%)	0.1%	$0.55	—	*W EXP 06/08/202	64107A113
—	BANK AMERICA CORP	7,817 (+5.4%)	$9,759 (+2.7%)	0.8%	$1279.34	—	7.25%CNV PFD L	060505682
ODV	OSISKO DEVELOPMENT CORP	260,000 (+30.0%)	$907 (+33.8%)	0.1%	$4.36	-21.3%	COM NEW	68828E809
LUXE	LUXEXPERIENCE BV	200,374 (+17.9%)	$1,673 (+15.8%)	0.1%	$7.90	—	SPONSORED ADS	55406W103
BRCC	BRC INC	539,454 (+117.5%)	$599 (+54.8%)	0.1%	$2.07	-37.4%	COM CL A	05601U105
NCMI	NATIONAL CINEMEDIA INC	257,375 (+42.8%)	$1,001 (+23.2%)	0.1%	$4.71	-12.0%	COM NEW	635309206
GROY	GOLD ROYALTY CORP	335,000 (+3.1%)	$1,353 (+7.9%)	0.1%	$1.43	+168.4%	COMMON SHARES	38071H106
—	NORTHERN OIL & GAS INC	13,401,000 (+4.5%)	$12,976 (+0.7%)	1.1%	$0.61	—	NOTE 3.625% 4/1	665531AJ8
RUMBW	RUMBLE INC	1,129,943 (+1.0%)	$2,192 (-2.5%)	0.2%	$1.69	—	*W EXP 09/16/202	78137L113
AIRJW	AIRJOULE TECHNOLOGIES CORP	15,700 (+72.5%)	$14 (+81.9%)	0.0%	$1.22	—	*W EXP 03/15/202	612160119
—	ADAM NAT RES FD INC	950 (+2.2%)	$21 (+3.2%)	0.0%	$2.56	—	COM	00548F105

Exited Positions (49)

— SHOPIFY INC 2.1%

Value ($000) $24,488 Shares 23,255,000 Est. Cost $1.05 Unrealized —

— EQUINOX GOLD CORP 0.5%

Value ($000) $5,530 Shares 2,871,000 Est. Cost $1.23 Unrealized —

— MGP INGREDIENTS INC NEW 0.3%

Value ($000) $3,831 Shares 4,000,000 Est. Cost $0.10 Unrealized —

— POST HLDGS INC 0.2%

Value ($000) $2,251 Shares 2,000,000 Est. Cost $0.99 Unrealized —

— FIVE9 INC 0.2%

Value ($000) $1,855 Shares 2,090,000 Est. Cost $0.85 Unrealized —

— USA RARE EARTH INC 0.1%

Value ($000) $1,601 Shares 223,418 Est. Cost $2.37 Unrealized —

— ITRON INC 0.1%

Value ($000) $1,362 Shares 1,285,000 Est. Cost $1.05 Unrealized —

EQX EQUINOX GOLD CORP 0.1%

Value ($000) $1,122 Shares 100,000 Est. Cost $6.79 Unrealized +85.9%

BULLW WEBULL CORP 0.1%

Value ($000) $881 Shares 145,605 Est. Cost $4.00 Unrealized —

JOBY/WS JOBY AVIATION INC 0.1%

Value ($000) $875 Shares 145,000 Est. Cost $2.39 Unrealized —

— SANDSTORM GOLD LTD 0.1%

Value ($000) $626 Shares 50,000 Est. Cost $12.52 Unrealized —

— AKAMAI TECHNOLOGIES INC 0.1%

Value ($000) $583 Shares 620,000 Est. Cost $1.01 Unrealized —

ENVX ENOVIX CORPORATION 0.0%

Value ($000) $499 Shares 50,000 Est. Cost $7.45 Unrealized +30.0%

CPRI CAPRI HOLDINGS LIMITED 0.0%

Value ($000) $498 Shares 25,000 Est. Cost $27.20 Unrealized -15.0%

— PBF ENERGY INC 0.0%

Value ($000) $455 Shares 100,000 Est. Cost $3.25 Unrealized —

— B2GOLD CORP 0.0%

Value ($000) $404 Shares 351,500 Est. Cost $1.33 Unrealized —

— EVENTBRITE INC 0.0%

Value ($000) $393 Shares 410,000 Est. Cost $0.92 Unrealized —

— ESPERION THERAPEUTICS INC NE 0.0%

Value ($000) $373 Shares 375,000 Est. Cost $0.95 Unrealized —

— BRUKER CORP 0.0%

Value ($000) $352 Shares 1,300 Est. Cost $270.90 Unrealized —

— FLUTTER ENTMT PLC 0.0%

Value ($000) $286 Shares 20,000 Est. Cost — Unrealized —

XRT SPDR SERIES TRUST 0.0%

Value ($000) $286 Shares 70,000 Est. Cost — Unrealized —

— THE REALREAL INC 0.0%

Value ($000) $279 Shares 315,000 Est. Cost $0.81 Unrealized —

— CVR ENERGY INC 0.0%

Value ($000) $219 Shares 35,300 Est. Cost — Unrealized —

— DIAGEO PLC 0.0%

Value ($000) $200 Shares 28,800 Est. Cost — Unrealized —

— BLOOM ENERGY CORP 0.0%

Value ($000) $200 Shares 10,000 Est. Cost — Unrealized —

HLX HELIX ENERGY SOLUTIONS GRP I 0.0%

Value ($000) $199 Shares 30,400 Est. Cost $10.06 Unrealized -34.0%

URA GLOBAL X FDS 0.0%

Value ($000) $192 Shares 60,000 Est. Cost — Unrealized —

— BRUKER CORP 0.0%

Value ($000) $168 Shares 51,000 Est. Cost — Unrealized —

— SILVERCORP METALS INC 0.0%

Value ($000) $158 Shares 103,200 Est. Cost $1.13 Unrealized —

— NOVOCURE LTD 0.0%

Value ($000) $157 Shares 158,000 Est. Cost $0.00 Unrealized —

— ALLIANCEBERNSTEIN HLDG L P 0.0%

Value ($000) $151 Shares 184,400 Est. Cost $3.75 Unrealized —

— ISHARES SILVER TR 0.0%

Value ($000) $130 Shares 50,000 Est. Cost — Unrealized —

— PLUG POWER INC 0.0%

Value ($000) $116 Shares 300,000 Est. Cost — Unrealized —

— DELEK US HLDGS INC NEW 0.0%

Value ($000) $107 Shares 30,000 Est. Cost $2.74 Unrealized —

— GENESIS ENERGY L P 0.0%

Value ($000) $106 Shares 25,000 Est. Cost $3.30 Unrealized —

— EQUINOX GOLD CORP 0.0%

Value ($000) $87 Shares 25,000 Est. Cost $3.90 Unrealized —

— KOHLS CORP 0.0%

Value ($000) $77 Shares 60,000 Est. Cost — Unrealized —

— MEDICAL PPTYS TRUST INC 0.0%

Value ($000) $74 Shares 150,000 Est. Cost — Unrealized —

EWG ISHARES INC 0.0%

Value ($000) $65 Shares 100,000 Est. Cost — Unrealized —

— UL SOLUTIONS INC 0.0%

Value ($000) $63 Shares 10,000 Est. Cost $7.30 Unrealized —

— RYDER SYS INC 0.0%

Value ($000) $49 Shares 10,000 Est. Cost $18.18 Unrealized —

— 10X GENOMICS INC 0.0%

Value ($000) $41 Shares 20,000 Est. Cost $2.33 Unrealized —

— SPDR S&P 500 ETF TR 0.0%

Value ($000) $32 Shares 38,500 Est. Cost $0.56 Unrealized —

— DRAFTKINGS INC NEW 0.0%

Value ($000) $31 Shares 50,000 Est. Cost — Unrealized —

— EOS ENERGY ENTERPRISES INC 0.0%

Value ($000) $30 Shares 17,300 Est. Cost $1.76 Unrealized —

MIR MIRION TECHNOLOGIES INC 0.0%

Value ($000) $23 Shares 1,000 Est. Cost $21.62 Unrealized +15.4%

— USA RARE EARTH INC 0.0%

Value ($000) $4 Shares 10,000 Est. Cost — Unrealized —

ASTLW ALGOMA STL GROUP INC 0.0%

Value ($000) $1 Shares 4,540 Est. Cost $0.37 Unrealized —

— CVR PARTNERS LP 0.0%

Value ($000) $0 Shares 100 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SHOPIFY INC	23,255,000	$24,488	2.1%	$1.05	—	—	82509LAA5
—	EQUINOX GOLD CORP	2,871,000	$5,530	0.5%	$1.23	—	—	29446YAC0
—	MGP INGREDIENTS INC NEW	4,000,000	$3,831	0.3%	$0.10	—	—	55303JAB2
—	POST HLDGS INC	2,000,000	$2,251	0.2%	$0.99	—	—	737446AT1
—	FIVE9 INC	2,090,000	$1,855	0.2%	$0.85	—	—	338307AF8
—	USA RARE EARTH INC	223,418	$1,601	0.1%	$2.37	—	—	91733P115
—	ITRON INC	1,285,000	$1,362	0.1%	$1.05	—	—	465741AN6
EQX	EQUINOX GOLD CORP	100,000	$1,122	0.1%	$6.79	+85.9%	—	29446Y502
BULLW	WEBULL CORP	145,605	$881	0.1%	$4.00	—	—	G9572D111
JOBY/WS	JOBY AVIATION INC	145,000	$875	0.1%	$2.39	—	—	G65163118
—	SANDSTORM GOLD LTD	50,000	$626	0.1%	$12.52	—	—	80013R206
—	AKAMAI TECHNOLOGIES INC	620,000	$583	0.1%	$1.01	—	—	00971TAN1
ENVX	ENOVIX CORPORATION	50,000	$499	0.0%	$7.45	+30.0%	—	293594107
CPRI	CAPRI HOLDINGS LIMITED	25,000	$498	0.0%	$27.20	-15.0%	—	G1890L107
—	PBF ENERGY INC	100,000	$455	0.0%	$3.25	—	PUT	69318G956
—	B2GOLD CORP	351,500	$404	0.0%	$1.33	—	CALL	11777Q909
—	EVENTBRITE INC	410,000	$393	0.0%	$0.92	—	—	29975EAD1
—	ESPERION THERAPEUTICS INC NE	375,000	$373	0.0%	$0.95	—	—	29664WAB1
—	BRUKER CORP	1,300	$352	0.0%	$270.90	—	—	116794207
—	FLUTTER ENTMT PLC	20,000	$286	0.0%	—	—	CALL	G3643J908
XRT	SPDR SERIES TRUST	70,000	$286	0.0%	—	—	PUT	78464A714
—	THE REALREAL INC	315,000	$279	0.0%	$0.81	—	—	88339PAD3
—	CVR ENERGY INC	35,300	$219	0.0%	—	—	CALL	12662P908
—	DIAGEO PLC	28,800	$200	0.0%	—	—	PUT	25243Q955
—	BLOOM ENERGY CORP	10,000	$200	0.0%	—	—	PUT	093712957
HLX	HELIX ENERGY SOLUTIONS GRP I	30,400	$199	0.0%	$10.06	-34.0%	—	42330P107
URA	GLOBAL X FDS	60,000	$192	0.0%	—	—	CALL	37954Y871
—	BRUKER CORP	51,000	$168	0.0%	—	—	CALL	116794908
—	SILVERCORP METALS INC	103,200	$158	0.0%	$1.13	—	CALL	82835P903
—	NOVOCURE LTD	158,000	$157	0.0%	$0.00	—	—	67011XAB9
—	ALLIANCEBERNSTEIN HLDG L P	184,400	$151	0.0%	$3.75	—	CALL	01881G906
—	ISHARES SILVER TR	50,000	$130	0.0%	—	—	CALL	46428Q909
—	PLUG POWER INC	300,000	$116	0.0%	—	—	PUT	72919P952
—	DELEK US HLDGS INC NEW	30,000	$107	0.0%	$2.74	—	CALL	24665A903
—	GENESIS ENERGY L P	25,000	$106	0.0%	$3.30	—	CALL	371927904
—	EQUINOX GOLD CORP	25,000	$87	0.0%	$3.90	—	CALL	29446Y902
—	KOHLS CORP	60,000	$77	0.0%	—	—	PUT	500255954
—	MEDICAL PPTYS TRUST INC	150,000	$74	0.0%	—	—	PUT	58463J954
EWG	ISHARES INC	100,000	$65	0.0%	—	—	PUT	464286806
—	UL SOLUTIONS INC	10,000	$63	0.0%	$7.30	—	CALL	903731907
—	RYDER SYS INC	10,000	$49	0.0%	$18.18	—	PUT	783549958
—	10X GENOMICS INC	20,000	$41	0.0%	$2.33	—	CALL	88025U909
—	SPDR S&P 500 ETF TR	38,500	$32	0.0%	$0.56	—	PUT	78462F953
—	DRAFTKINGS INC NEW	50,000	$31	0.0%	—	—	CALL	26142V905
—	EOS ENERGY ENTERPRISES INC	17,300	$30	0.0%	$1.76	—	—	29415C119
MIR	MIRION TECHNOLOGIES INC	1,000	$23	0.0%	$21.62	+15.4%	—	60471A101
—	USA RARE EARTH INC	10,000	$4	0.0%	—	—	PUT	91733P957
ASTLW	ALGOMA STL GROUP INC	4,540	$1	0.0%	$0.37	—	—	015658115
—	CVR PARTNERS LP	100	$0	0.0%	—	—	CALL	126633905

Decreased Positions (26)

— ADVANCED ENERGY INDS 0.0%

Value ($000) $246 (-98.8%) Shares 150,000 (-99.0%) Est. Cost $1.04 Unrealized —

— GLOBAL PMTS INC 1.3%

Value ($000) $15,251 (-49.0%) Shares 16,960,000 (-48.1%) Est. Cost $0.94 Unrealized —

— VARONIS SYS INC 1.9%

Value ($000) $22,328 (-36.8%) Shares 23,985,000 (-26.5%) Est. Cost $1.08 Unrealized —

— SHIFT4 PMTS INC 0.0%

Value ($000) $579 (-95.6%) Shares 600,000 (-95.5%) Est. Cost $1.07 Unrealized —

— NCL CORP LTD 0.1%

Value ($000) $1,096 (-91.8%) Shares 1,095,000 (-91.6%) Est. Cost $1.03 Unrealized —

— BOFA FIN LLC 1.8%

Value ($000) $20,609 (-37.2%) Shares 18,942,000 (-42.8%) Est. Cost $1.11 Unrealized —

— SNOWFLAKE INC 0.4%

Value ($000) $4,597 (-68.9%) Shares 2,965,000 (-68.6%) Est. Cost $1.57 Unrealized —

— COINBASE GLOBAL INC 0.0%

Value ($000) $200 (-97.8%) Shares 200,000 (-97.5%) Est. Cost $1.10 Unrealized —

— HAEMONETICS CORP MASS 1.9%

Value ($000) $22,142 (-25.0%) Shares 21,275,000 (-33.4%) Est. Cost $1.00 Unrealized —

— MERITAGE HOMES CORP 0.4%

Value ($000) $4,093 (-62.5%) Shares 4,150,000 (-61.0%) Est. Cost $0.97 Unrealized —

— VERTEX INC 0.7%

Value ($000) $7,680 (-42.8%) Shares 8,095,000 (-38.5%) Est. Cost $1.19 Unrealized —

— KOSMOS ENERGY LTD 0.2%

Value ($000) $2,817 (-54.3%) Shares 6,525,000 (-31.7%) Est. Cost $0.76 Unrealized —

— EVERGY INC 1.8%

Value ($000) $21,080 (-12.7%) Shares 17,265,000 (-10.4%) Est. Cost $1.11 Unrealized —

— JAZZ INVESTMENTS I LTD 2.7%

Value ($000) $30,906 (+9.7%) Shares 23,135,000 (-2.3%) Est. Cost $1.19 Unrealized —

— GRANITE CONSTR INC 1.1%

Value ($000) $13,063 (-13.6%) Shares 8,175,000 (-17.0%) Est. Cost $1.37 Unrealized —

— ENOVIS CORPORATION 0.8%

Value ($000) $8,879 (-18.6%) Shares 9,055,000 (-18.1%) Est. Cost $1.06 Unrealized —

— VENTAS RLTY LTD PARTNERSHIP 5.2%

Value ($000) $59,846 (-2.5%) Shares 42,175,000 (-11.6%) Est. Cost $1.07 Unrealized —

WEST WESTROCK COFFEE CO 0.2%

Value ($000) $2,416 (-20.3%) Shares 593,726 (-4.8%) Est. Cost $8.79 Unrealized -50.2%

— JD.COM INC 0.2%

Value ($000) $2,136 (-21.2%) Shares 2,130,000 (-15.5%) Est. Cost $1.05 Unrealized —

— URBAN ONE INC 0.0%

Value ($000) $449 (-30.0%) Shares 431,816 (-6.4%) Est. Cost $5.46 Unrealized —

OPK OPKO HEALTH INC 0.0%

Value ($000) $189 (-41.3%) Shares 150,000 (-27.7%) Est. Cost $1.64 Unrealized -15.4%

GCTS/WS GCT SEMICONDUCTOR HLDG INC 0.0%

Value ($000) $51 (-61.0%) Shares 611,744 (-8.5%) Est. Cost $0.16 Unrealized —

— BRAEMAR HOTELS & RESORTS INC 1.5%

Value ($000) $17,228 (-0.4%) Shares 17,450,000 (-1.1%) Est. Cost $0.95 Unrealized —

THCH TH INTERNATIONAL LIMITED 0.0%

Value ($000) $569 (-7.6%) Shares 228,387 (-3.9%) Est. Cost $3.13 Unrealized -19.8%

REAL THE REALREAL INC 0.1%

Value ($000) $1,499 (+0.7%) Shares 95,000 (-32.1%) Est. Cost $5.50 Unrealized +137.4%

— EL PASO ENERGY CAP TR I 0.0%

Value ($000) $55 (-15.9%) Shares 1,121 (-15.1%) Est. Cost $47.43 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ADVANCED ENERGY INDS	150,000 (-99.0%)	$246 (-98.8%)	0.0%	$1.04	—	NOTE 2.500% 9/1	007973AE0
—	GLOBAL PMTS INC	16,960,000 (-48.1%)	$15,251 (-49.0%)	1.3%	$0.94	—	NOTE 1.500% 3/0	37940XAU6
—	VARONIS SYS INC	23,985,000 (-26.5%)	$22,328 (-36.8%)	1.9%	$1.08	—	NOTE 1.000% 9/1	922280AD4
—	SHIFT4 PMTS INC	600,000 (-95.5%)	$579 (-95.6%)	0.0%	$1.07	—	NOTE 0.500% 8/0	82452JAD1
—	NCL CORP LTD	1,095,000 (-91.6%)	$1,096 (-91.8%)	0.1%	$1.03	—	NOTE 1.125% 2/1	62886HBD2
—	BOFA FIN LLC	18,942,000 (-42.8%)	$20,609 (-37.2%)	1.8%	$1.11	—	MTNF 0.600% 5/2	09709UV70
—	SNOWFLAKE INC	2,965,000 (-68.6%)	$4,597 (-68.9%)	0.4%	$1.57	—	NOTE 10/0	833445AD1
—	COINBASE GLOBAL INC	200,000 (-97.5%)	$200 (-97.8%)	0.0%	$1.10	—	NOTE 0.500% 6/0	19260QAB3
—	HAEMONETICS CORP MASS	21,275,000 (-33.4%)	$22,142 (-25.0%)	1.9%	$1.00	—	NOTE 2.500% 6/0	405024AD2
—	MERITAGE HOMES CORP	4,150,000 (-61.0%)	$4,093 (-62.5%)	0.4%	$0.97	—	NOTE 1.750% 5/1	59001ABF8
—	VERTEX INC	8,095,000 (-38.5%)	$7,680 (-42.8%)	0.7%	$1.19	—	NOTE 0.750% 5/0	92538JAB2
—	KOSMOS ENERGY LTD	6,525,000 (-31.7%)	$2,817 (-54.3%)	0.2%	$0.76	—	NOTE 3.125% 3/1	500688AH9
—	EVERGY INC	17,265,000 (-10.4%)	$21,080 (-12.7%)	1.8%	$1.11	—	NOTE 4.500%12/1	30034WAD8
—	JAZZ INVESTMENTS I LTD	23,135,000 (-2.3%)	$30,906 (+9.7%)	2.7%	$1.19	—	NOTE 3.125% 9/1	472145AH4
—	GRANITE CONSTR INC	8,175,000 (-17.0%)	$13,063 (-13.6%)	1.1%	$1.37	—	NOTE 3.250% 6/1	387328AF4
—	ENOVIS CORPORATION	9,055,000 (-18.1%)	$8,879 (-18.6%)	0.8%	$1.06	—	NOTE 3.875%10/1	194014AB2
—	VENTAS RLTY LTD PARTNERSHIP	42,175,000 (-11.6%)	$59,846 (-2.5%)	5.2%	$1.07	—	NOTE 3.750% 6/0	92277GAZ0
WEST	WESTROCK COFFEE CO	593,726 (-4.8%)	$2,416 (-20.3%)	0.2%	$8.79	-50.2%	COM	96145W103
—	JD.COM INC	2,130,000 (-15.5%)	$2,136 (-21.2%)	0.2%	$1.05	—	NOTE 0.250% 6/0	47215PAJ5
—	URBAN ONE INC	431,816 (-6.4%)	$449 (-30.0%)	0.0%	$5.46	—	CL A	91705J105
OPK	OPKO HEALTH INC	150,000 (-27.7%)	$189 (-41.3%)	0.0%	$1.64	-15.4%	COM	68375N103
GCTS/WS	GCT SEMICONDUCTOR HLDG INC	611,744 (-8.5%)	$51 (-61.0%)	0.0%	$0.16	—	*W EXP 03/01/202	36170N115
—	BRAEMAR HOTELS & RESORTS INC	17,450,000 (-1.1%)	$17,228 (-0.4%)	1.5%	$0.95	—	NOTE 4.500% 6/0	10482BAB7
THCH	TH INTERNATIONAL LIMITED	228,387 (-3.9%)	$569 (-7.6%)	0.0%	$3.13	-19.8%	SHS NEW	G8656L130
REAL	THE REALREAL INC	95,000 (-32.1%)	$1,499 (+0.7%)	0.1%	$5.50	+137.4%	COM	88339P101
—	EL PASO ENERGY CAP TR I	1,121 (-15.1%)	$55 (-15.9%)	0.0%	$47.43	—	PFD CV TR SEC 28	283678209

Unchanged Positions (57)

— MKS INC. 4.5%

Value ($000) $52,716 Shares 41,180,000 Est. Cost $0.99 Unrealized —

— BROOKDALE SR LIVING INC 1.7%

Value ($000) $19,690 Shares 14,350,000 Est. Cost $0.27 Unrealized —

— REPLIGEN CORP 2.5%

Value ($000) $28,919 Shares 26,300,000 Est. Cost $1.03 Unrealized —

— PPL CAP FDG INC 2.6%

Value ($000) $30,623 Shares 27,880,000 Est. Cost $0.00 Unrealized —

— OPKO HEALTH INC 0.7%

Value ($000) $7,943 Shares 5,918,000 Est. Cost $1.61 Unrealized —

— PEABODY ENGR CORP 0.9%

Value ($000) $10,099 Shares 6,000,000 Est. Cost $0.90 Unrealized —

— TETRA TECH INC NEW 5.3%

Value ($000) $61,789 Shares 56,880,000 Est. Cost $1.11 Unrealized —

— RIVIAN AUTOMOTIVE INC 0.4%

Value ($000) $5,049 Shares 4,000,000 Est. Cost $0.26 Unrealized —

UAN CVR PARTNERS LP 0.3%

Value ($000) $4,033 Shares 39,345 Est. Cost $92.27 Unrealized —

— LYFT INC 0.4%

Value ($000) $4,215 Shares 3,500,000 Est. Cost $1.06 Unrealized —

— LANTHEUS HLDGS INC 0.2%

Value ($000) $2,867 Shares 2,500,000 Est. Cost $0.00 Unrealized —

— GROUPON INC 0.2%

Value ($000) $2,097 Shares 2,000,000 Est. Cost $1.41 Unrealized —

— WORLD KINECT CORPORATION 0.5%

Value ($000) $5,382 Shares 5,095,000 Est. Cost $1.16 Unrealized —

— TRANSMEDICS GROUP INC 0.3%

Value ($000) $3,744 Shares 2,500,000 Est. Cost $1.59 Unrealized —

— ALLIANT ENERGY CORP 0.4%

Value ($000) $5,209 Shares 5,000,000 Est. Cost $0.00 Unrealized —

— LIBERTY MEDIA CORP DEL 0.3%

Value ($000) $3,712 Shares 2,920,000 Est. Cost $0.95 Unrealized —

HDSN HUDSON TECHNOLOGIES INC 0.0%

Value ($000) $343 Shares 50,000 Est. Cost $13.02 Unrealized -39.5%

— LIBERTY MEDIA CORP DEL 0.3%

Value ($000) $3,327 Shares 3,300,000 Est. Cost $0.15 Unrealized —

— PG&E CORP 0.5%

Value ($000) $6,181 Shares 6,000,000 Est. Cost $1.07 Unrealized —

— ON SEMICONDUCTOR CORP 0.3%

Value ($000) $3,798 Shares 4,000,000 Est. Cost $0.61 Unrealized —

— NCL CORP LTD 0.1%

Value ($000) $1,513 Shares 1,500,000 Est. Cost $1.00 Unrealized —

— ASCENDIS PHARMA A/S 0.1%

Value ($000) $1,489 Shares 1,050,000 Est. Cost $0.20 Unrealized —

— CMS ENERGY CORP 0.2%

Value ($000) $2,258 Shares 2,105,000 Est. Cost $0.98 Unrealized —

PSQH/WS PSQ HOLDINGS INC 0.0%

Value ($000) $47 Shares 491,935 Est. Cost $0.50 Unrealized —

— AMERICAN WTR CAP CORP 0.7%

Value ($000) $8,526 Shares 8,555,000 Est. Cost $1.03 Unrealized —

RDZNW ROADZEN INC 0.0%

Value ($000) $41 Shares 150,602 Est. Cost $0.04 Unrealized —

AUROW AURORA INNOVATION INC 0.0%

Value ($000) $16 Shares 67,700 Est. Cost $0.57 Unrealized —

— ARRAY TECHNOLOGIES INC 0.0%

Value ($000) $449 Shares 495,000 Est. Cost $0.73 Unrealized —

VUSB VANGUARD BD INDEX FDS 0.4%

Value ($000) $4,984 Shares 100,000 Est. Cost $0.05 Unrealized —

— CABLE ONE INC 0.0%

Value ($000) $255 Shares 310,000 Est. Cost $0.80 Unrealized —

— GDL FD 0.1%

Value ($000) $1,021 Shares 120,522 Est. Cost $4.83 Unrealized —

— SNAP INC 0.0%

Value ($000) $420 Shares 460,000 Est. Cost $0.80 Unrealized —

— REDFIN CORP 0.0%

Value ($000) $398 Shares 420,000 Est. Cost $0.93 Unrealized —

AIIOW ROBO.AI INC. 0.0%

Value ($000) $3 Shares 64,571 Est. Cost $0.00 Unrealized —

— LIBERTY MEDIA CORP DEL 0.0%

Value ($000) $14 Shares 220,000 Est. Cost $0.59 Unrealized —

— ZIFF DAVIS INC 0.0%

Value ($000) $396 Shares 404,000 Est. Cost $0.97 Unrealized —

— EPR PPTYS 0.0%

Value ($000) $90 Shares 2,983 Est. Cost $31.76 Unrealized —

LANV/WS LANVIN GROUP HOLDINGS LIMITE 0.0%

Value ($000) $21 Shares 1,334,846 Est. Cost $0.05 Unrealized —

— ENPHASE ENERGY INC 0.0%

Value ($000) $396 Shares 400,000 Est. Cost $0.96 Unrealized —

— WELLS FARGO CO NEW 0.0%

Value ($000) $267 Shares 220 Est. Cost $1171.48 Unrealized —

— HAEMONETICS CORP MASS 0.0%

Value ($000) $378 Shares 382,000 Est. Cost $0.92 Unrealized —

— JETBLUE AIRWAYS CORP 0.0%

Value ($000) $394 Shares 400,000 Est. Cost $0.95 Unrealized —

— CABLE ONE INC 0.0%

Value ($000) $348 Shares 353,000 Est. Cost $0.27 Unrealized —

ET ENERGY TRANSFER L P 0.0%

Value ($000) $82 Shares 5,000 Est. Cost $11.20 Unrealized —

— VAIL RESORTS INC 0.0%

Value ($000) $260 Shares 260,000 Est. Cost $0.98 Unrealized —

— MARRIOTT VACATIONS WORLDWIDE 0.0%

Value ($000) $259 Shares 260,000 Est. Cost $0.97 Unrealized —

— LITHIUM ARGENTINA AG 0.0%

Value ($000) $454 Shares 500,000 Est. Cost $0.90 Unrealized —

— RLJ LODGING TR 0.0%

Value ($000) $231 Shares 9,266 Est. Cost $23.99 Unrealized —

— OKTA INC 0.0%

Value ($000) $237 Shares 242,000 Est. Cost $1.18 Unrealized —

— RINGCENTRAL INC 0.0%

Value ($000) $133 Shares 134,000 Est. Cost $0.69 Unrealized —

— BLOCK INC 0.0%

Value ($000) $113 Shares 115,000 Est. Cost $0.27 Unrealized —

— BLACKSTONE MORTGAGE TRUST IN 0.0%

Value ($000) $382 Shares 385,000 Est. Cost $0.98 Unrealized —

— OIL STS INTL INC 0.0%

Value ($000) $377 Shares 375,000 Est. Cost $0.98 Unrealized —

— SUMMIT HOTEL PPTYS 0.0%

Value ($000) $100 Shares 100,000 Est. Cost $1.06 Unrealized —

SPWRW SUNPOWER INC 0.0%

Value ($000) $7 Shares 25,171 Est. Cost $0.20 Unrealized —

— SEA LTD 0.0%

Value ($000) $81 Shares 84,000 Est. Cost $0.97 Unrealized —

— PENNYMAC CORP 0.0%

Value ($000) $382 Shares 382,000 Est. Cost $0.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MKS INC.	41,180,000	$52,716	4.5%	$0.99	—	NOTE 1.250% 6/0	55306NAB0
—	BROOKDALE SR LIVING INC	14,350,000	$19,690	1.7%	$0.27	—	NOTE 2.000%10/1	112463AC8
—	REPLIGEN CORP	26,300,000	$28,919	2.5%	$1.03	—	NOTE 1.000%12/1	759916AD1
—	PPL CAP FDG INC	27,880,000	$30,623	2.6%	$0.00	—	NOTE 2.875% 3/1	69352PAS2
—	OPKO HEALTH INC	5,918,000	$7,943	0.7%	$1.61	—	NOTE 3.750% 1/1	68375NAG8
—	PEABODY ENGR CORP	6,000,000	$10,099	0.9%	$0.90	—	NOTE 3.250% 3/0	704551AD2
—	TETRA TECH INC NEW	56,880,000	$61,789	5.3%	$1.11	—	DBCV 2.250% 8/1	88162GAB9
—	RIVIAN AUTOMOTIVE INC	4,000,000	$5,049	0.4%	$0.26	—	NOTE 4.625% 3/1	76954AAB9
UAN	CVR PARTNERS LP	39,345	$4,033	0.3%	$92.27	—	COM	126633205
—	LYFT INC	3,500,000	$4,215	0.4%	$1.06	—	NOTE 0.625% 3/0	55087PAD6
—	LANTHEUS HLDGS INC	2,500,000	$2,867	0.2%	$0.00	—	NOTE 2.625%12/1	516544AB9
—	GROUPON INC	2,000,000	$2,097	0.2%	$1.41	—	NOTE 6.250% 3/1	399473AH0
—	WORLD KINECT CORPORATION	5,095,000	$5,382	0.5%	$1.16	—	NOTE 3.250% 7/0	98149GAB6
—	TRANSMEDICS GROUP INC	2,500,000	$3,744	0.3%	$1.59	—	NOTE 1.500% 6/0	89377MAB5
—	ALLIANT ENERGY CORP	5,000,000	$5,209	0.4%	$0.00	—	NOTE 3.875% 3/1	018802AC2
—	LIBERTY MEDIA CORP DEL	2,920,000	$3,712	0.3%	$0.95	—	NOTE 2.250% 8/1	531229AQ5
HDSN	HUDSON TECHNOLOGIES INC	50,000	$343	0.0%	$13.02	-39.5%	COM	444144109
—	LIBERTY MEDIA CORP DEL	3,300,000	$3,327	0.3%	$0.15	—	NOTE 3.750% 3/1	531229AP7
—	PG&E CORP	6,000,000	$6,181	0.5%	$1.07	—	NOTE 4.250%12/0	69331CAL2
—	ON SEMICONDUCTOR CORP	4,000,000	$3,798	0.3%	$0.61	—	NOTE 0.500% 3/0	682189AU9
—	NCL CORP LTD	1,500,000	$1,513	0.1%	$1.00	—	NOTE 2.500% 2/1	62886HBK6
—	ASCENDIS PHARMA A/S	1,050,000	$1,489	0.1%	$0.20	—	NOTE 2.250% 4/0	04351PAD3
—	CMS ENERGY CORP	2,105,000	$2,258	0.2%	$0.98	—	NOTE 3.375% 5/0	125896BX7
PSQH/WS	PSQ HOLDINGS INC	491,935	$47	0.0%	$0.50	—	*W EXP 07/19/202	693691115
—	AMERICAN WTR CAP CORP	8,555,000	$8,526	0.7%	$1.03	—	NOTE 3.625% 6/1	03040WBE4
RDZNW	ROADZEN INC	150,602	$41	0.0%	$0.04	—	*W EXP 11/30/202	G7606H116
AUROW	AURORA INNOVATION INC	67,700	$16	0.0%	$0.57	—	*W EXP 11/03/202	051774115
—	ARRAY TECHNOLOGIES INC	495,000	$449	0.0%	$0.73	—	NOTE 1.000%12/0	04271TAB6
VUSB	VANGUARD BD INDEX FDS	100,000	$4,984	0.4%	$0.05	—	VANGUARD ULTRA	92203C303
—	CABLE ONE INC	310,000	$255	0.0%	$0.80	—	NOTE 1.125% 3/1	12685JAG0
—	GDL FD	120,522	$1,021	0.1%	$4.83	—	COM SH BEN IT	361570104
—	SNAP INC	460,000	$420	0.0%	$0.80	—	NOTE 0.125% 3/0	83304AAH9
—	REDFIN CORP	420,000	$398	0.0%	$0.93	—	NOTE 0.500% 4/0	75737FAE8
AIIOW	ROBO.AI INC.	64,571	$3	0.0%	$0.00	—	*W EXP 11/11/202	G6693P114
—	LIBERTY MEDIA CORP DEL	220,000	$14	0.0%	$0.59	—	DEB 3.750% 2/1	530715AL5
—	ZIFF DAVIS INC	404,000	$396	0.0%	$0.97	—	DEBT 3.625% 3/0	48123VAH5
—	EPR PPTYS	2,983	$90	0.0%	$31.76	—	CONV PFD 9% SR E	26884U307
LANV/WS	LANVIN GROUP HOLDINGS LIMITE	1,334,846	$21	0.0%	$0.05	—	*W EXP 01/14/202	G5380J118
—	ENPHASE ENERGY INC	400,000	$396	0.0%	$0.96	—	NOTE 3/0	29355AAH0
—	WELLS FARGO CO NEW	220	$267	0.0%	$1171.48	—	PERP PFD CNV A	949746804
—	HAEMONETICS CORP MASS	382,000	$378	0.0%	$0.92	—	NOTE 3/0	405024AB6
—	JETBLUE AIRWAYS CORP	400,000	$394	0.0%	$0.95	—	NOTE 0.500% 4/0	477143AP6
—	CABLE ONE INC	353,000	$348	0.0%	$0.27	—	NOTE 3/1	12685JAE5
ET	ENERGY TRANSFER L P	5,000	$82	0.0%	$11.20	—	COM UT LTD PTN	29273V100
—	VAIL RESORTS INC	260,000	$260	0.0%	$0.98	—	NOTE 1/0	91879QAN9
—	MARRIOTT VACATIONS WORLDWIDE	260,000	$259	0.0%	$0.97	—	NOTE 1/1	57164YAD9
—	LITHIUM ARGENTINA AG	500,000	$454	0.0%	$0.90	—	NOTE 1.750% 1/1	53680QAA6
—	RLJ LODGING TR	9,266	$231	0.0%	$23.99	—	CUM CONV PFD A	74965L200
—	OKTA INC	242,000	$237	0.0%	$1.18	—	NOTE 0.375% 6/1	679295AF2
—	RINGCENTRAL INC	134,000	$133	0.0%	$0.69	—	NOTE 3/1	76680RAH0
—	BLOCK INC	115,000	$113	0.0%	$0.27	—	NOTE 5/0	852234AJ2
—	BLACKSTONE MORTGAGE TRUST IN	385,000	$382	0.0%	$0.98	—	NOTE 5.500% 3/1	09257WAE0
—	OIL STS INTL INC	375,000	$377	0.0%	$0.98	—	NOTE 4.750% 4/0	678026AK1
—	SUMMIT HOTEL PPTYS	100,000	$100	0.0%	$1.06	—	NOTE 1.500% 2/1	866082AA8
SPWRW	SUNPOWER INC	25,171	$7	0.0%	$0.20	—	*W EXP 07/31/202	20460L112
—	SEA LTD	84,000	$81	0.0%	$0.97	—	NOTE 0.250% 9/1	81141RAG5
—	PENNYMAC CORP	382,000	$382	0.0%	$0.96	—	NOTE 5.500% 3/1	70932AAF0