Location: Cedar Rapids, IA
CIK: 0001454937 · Show all filings
Period: Q4 2025 (← Previous)
Filing Date: Feb 9, 2026
Total Value: $141M (84.2% shares, 15.8% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | EATON VANCE FLTING RATE INC | 17,768 | $201K | 0.1% | $11.29 | — | COM | 278279104 |
| RXT | RACKSPACE TECHNOLOGY INC | 200,000 | $194K | 0.1% | $1.26 | 0.0% | COM | 750102105 |
| — | BLACKROCK CORPOR HI YLD FD I | 20,000 | $178K | 0.1% | $8.90 | — | COM | 09255P107 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | KKR & CO INC | 37,400 (+38.5%) | $1.933M (+39.5%) | 1.4% | $53.22 | — | 6.25 CON SER D | 48251W500 |
| — | EATON VANCE SR FLTNG RTE TR | 24,120 (+63.4%) | $269K (+59.1%) | 0.2% | $11.74 | — | COM | 27828Q105 |
| SPHQ | INVESCO EXCHANGE TRADED FD T | 4,920 (+3.4%) | $369K (+5.8%) | 0.3% | $67.52 | — | S&P500 QUALITY | 46137V241 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | SOUTHERN CO | 2,268,000 | $2.553M | 1.8% | $0.99 | — | — | 842587DP9 |
| CBL | CBL & ASSOC PPTYS INC | 14,909 | $456K | 0.3% | $28.76 | — | — | 124830878 |
| — | NEW MTN FIN CORP | 155,000 | $155K | 0.1% | $1.02 | — | — | 647551AE0 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WW | WW INTL INC | 182,286 (-38.0%) | $5.325M (-33.8%) | 3.8% | $34.35 | -18.6% | COM NEW | 98262P200 |
| CCO | CLEAR CHANNEL OUTDOOR HLDGS | 88,592 (-63.5%) | $196K (-48.9%) | 0.1% | $1.65 | +12.2% | COM | 18453H106 |
| — | HIGHLAND OPPS & INCOME FD | 88,168 (-16.7%) | $527K (-21.6%) | 0.4% | $6.36 | — | HIGHLAND INCOME | 43010E404 |
| IHRT | IHEARTMEDIA INC | 46,764 (-60.0%) | $195K (-42.1%) | 0.1% | $3.99 | -6.3% | COM CL A | 45174J509 |
| VTI | VANGUARD INDEX FDS | 284,368 (-2.0%) | $95.34M (+0.1%) | 67.4% | $99.66 | — | TOTAL STK MKT | 922908769 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | UBER TECHNOLOGIES INC | 1,403,000 | $1.82M | 1.3% | $1.10 | — | NOTE 0.875%12/0 | 90353TAM2 |
| — | APOLLO GLOBAL MGMT INC | 22,713 | $1.711M | 1.2% | $56.49 | — | SER A MAND CNV | 03769M304 |
| — | EXPEDIA GROUP INC | 882,000 | $984K | 0.7% | $1.17 | — | NOTE 2/1 | 30212PBE4 |
| — | VENTAS RLTY LTD PARTNERSHIP | 761,000 | $1.075M | 0.8% | $1.21 | — | NOTE 3.750% 6/0 | 92277GAZ0 |
| — | BANK AMERICA CORP | 2,248 | $2.809M | 2.0% | $1445.41 | — | 7.25%CNV PFD L | 060505682 |
| — | WELLS FARGO CO NEW | 2,870 | $3.481M | 2.5% | $1493.00 | — | PERP PFD CNV A | 949746804 |
| — | DUKE ENERGY CORP NEW | 1,434,000 | $1.477M | 1.0% | $1.06 | — | NOTE 4.125% 4/1 | 26441CBY0 |
| — | PPL CAP FDG INC | 1,122,000 | $1.231M | 0.9% | $0.96 | — | NOTE 2.875% 3/1 | 69352PAS2 |
| — | FORD MTR CO | 1,847,000 | $1.918M | 1.4% | $0.99 | — | NOTE 3/1 | 345370CZ1 |
| BND | VANGUARD BD INDEX FDS | 41,001 | $3.037M | 2.1% | $79.21 | — | TOTAL BND MRKT | 921937835 |
| — | NEXTERA ENERGY CAP HLDGS INC | 621,000 | $771K | 0.5% | $1.15 | — | NOTE 3.000% 3/0 | 65339KCY4 |
| — | EVERGY INC | 932,000 | $1.134M | 0.8% | $1.09 | — | NOTE 4.500%12/1 | 30034WAD8 |
| — | WEC ENERGY GROUP INC | 500,000 | $565K | 0.4% | $1.13 | — | NOTE 4.375% 6/0 | 92939UAP1 |
| — | SOUTHERN CO | 750,000 | $800K | 0.6% | $1.10 | — | NOTE 4.500% 6/1 | 842587DZ7 |
| — | GLOBAL PMTS INC | 1,800,000 | $1.615M | 1.1% | $0.94 | — | NOTE 1.500% 3/0 | 37940XAU6 |
| — | WEC ENERGY GROUP INC | 500,000 | $583K | 0.4% | $1.15 | — | NOTE 4.375% 6/0 | 92939UAR7 |
| — | ARES MANAGEMENT CORPORATION | 22,700 | $1.142M | 0.8% | $53.41 | — | 6.75 SE B PFD | 03990B309 |
| — | ALLIANT ENERGY CORP | 746,000 | $775K | 0.5% | $0.98 | — | NOTE 3.875% 3/1 | 018802AC2 |
| — | CMS ENERGY CORP | 905,000 | $968K | 0.7% | $1.07 | — | NOTE 3.375% 5/0 | 125896BX7 |
| — | MERITAGE HOMES CORP | 475,000 | $467K | 0.3% | $0.97 | — | NOTE 1.750% 5/1 | 59001ABF8 |
| — | CENTERPOINT ENERGY INC | 1,129,000 | $1.235M | 0.9% | $1.01 | — | NOTE 4.250% 8/1 | 15189TBD8 |
| — | NEXTERA ENERGY INC | 8,000 | $412K | 0.3% | $55.66 | — | UNIT 06/01/2027 | 65339F663 |
| SRLN | SSGA ACTIVE ETF TR | 42,300 | $1.746M | 1.2% | $41.80 | — | BLACKSTONE SENR | 78467V608 |
| — | WESTERN ASSET HIGH INCOM FD | 60,614 | $252K | 0.2% | $4.47 | — | COM | 95766J102 |
| VUG | VANGUARD INDEX FDS | 957 | $467K | 0.3% | $382.22 | — | GROWTH ETF | 922908736 |
| — | ENVISTA HOLDINGS CORPORATION | 390,000 | $374K | 0.3% | $0.93 | — | NOTE 1.750% 8/1 | 29415FAD6 |
| BKLN | INVESCO EXCH TRADED FD TR II | 63,000 | $1.323M | 0.9% | $21.07 | — | SR LN ETF | 46138G508 |
| HYG | ISHARES TR | 5,575 | $450K | 0.3% | $77.15 | — | IBOXX HI YD ETF | 464288513 |
| — | AMERICAN WTR CAP CORP | 500,000 | $498K | 0.4% | $0.99 | — | NOTE 3.625% 6/1 | 03040WBE4 |
| — | PINNACLE WEST CAP CORP | 350,000 | $374K | 0.3% | $1.08 | — | NOTE 4.750% 6/1 | 723484AK7 |
| — | FIRST TR SR FLTG RATE INCOME | 30,017 | $302K | 0.2% | $9.81 | — | COM | 33733U108 |
| VGSH | VANGUARD SCOTTSDALE FDS | 13,500 | $793K | 0.6% | $58.22 | — | SHORT TERM TREAS | 92206C102 |
| — | CAPITAL SOUTHWEST CORP | 185,000 | $183K | 0.1% | $0.98 | — | NOTE 5.125%11/1 | 140501AE7 |