Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Seagate HDD Cayman	30,559,000	$357M	26.8%	$11.69	—	NOTE 3.500% 6/0	81180WBL4
—	Cloudflare Inc	55,000,000	$70.89M	5.3%	$1.29	—	NOTE 8/1	18915MAC1
—	Wayfair Inc	30,684,000	$46.88M	3.5%	$1.53	—	NOTE 3.250% 9/1	94419LAP6
—	Akamai Technologies Inc	35,000,000	$42.06M	3.2%	$1.20	—	NOTE 0.375% 9/0	00971TAL5
—	EchoStar Corp	12,500,000	$39.21M	2.9%	$3.14	—	NOTE 3.875%11/3	278768AB2
—	Etsy Inc	33,000,000	$33.65M	2.5%	$1.02	—	NOTE 0.125%10/0	29786AAJ5
—	SoFi Technologies Inc	27,995,000	$28.82M	2.2%	$1.03	—	NOTE 10/1	83406FAB8
—	Pebblebrook Hotel Trust	27,718,000	$27.48M	2.1%	$0.99	—	NOTE 1.750%12/1	70509VAA8
—	Lantheus Holdings Inc	18,500,000	$27.03M	2.0%	$1.46	—	NOTE 2.625%12/1	516544AB9
—	PTC Therapeutics Inc	14,080,000	$21.79M	1.6%	$1.55	—	NOTE 1.500% 9/1	69366JAD3
—	Lyft Inc	15,000,000	$15.75M	1.2%	$1.05	—	NOTE 0.625% 3/0	55087PAD6
—	Uber Technologies Inc	12,232,000	$14.16M	1.1%	$1.16	—	NOTE 5/1	90353TAS9
—	Shift4 Payments Inc	12,500,000	$11.94M	0.9%	$0.96	—	NOTE 0.500% 8/0	82452JAD1
IBN	ICICI Bank Ltd	399,984	$11.62M	0.9%	$29.05	—	ADR	45104G104
JBS	JBS NV	756,939	$8.97M	0.7%	$11.85	—	CL A SHS	N4732M103
—	Upwork Inc	8,329,000	$8.274M	0.6%	$0.99	—	NOTE 0.250% 8/1	91688FAB0
SATS	EchoStar Corp	60,000	$6.09M	0.5%	$101.50	—	CL A	278768106
—	Alarm.com Holdings Inc	6,000,000	$5.702M	0.4%	$0.95	—	NOTE 2.250% 6/0	011642AD7
—	Marriott Vacations Worldwide Corp	5,000,000	$4.93M	0.4%	$0.99	—	NOTE 3.250%12/1	57164YAF4
PSUS	Pershing Square USA Ltd	115,073	$4.301M	0.3%	$37.38	—	COM SHS	71531T105
LLYVK	Liberty Live Holdings Inc	28,852	$3.048M	0.2%	$105.64	—	COM SHS SER C	530909308
—	Wayfair Inc	2,500,000	$2.494M	0.2%	$1.00	—	NOTE 1.000% 8/1	94419LAF8
IAC	People Inc	30,312	$1.399M	0.1%	$46.16	—	COM NEW	44891N208
INTC	Intel Corp	9,000	$1.257M	0.1%	$139.63	—	COM	458140100
INFY	Infosys Ltd	100,062	$1.057M	0.1%	$10.57	—	SPONSORED ADR	456788108
SNDK	Sandisk Corp	160	$364K	0.0%	$2273.73	—	COM	80004C200
LLY	Eli Lilly & Co	200	$240K	0.0%	$1199.43	—	COM	532457108

Increased Positions (8)

— WEC Energy Group Inc 6.4%

Value $84.74M (+156.1%) Shares 70,000,000 (+155.4%) Est. Cost $1.19 Unrealized —

— Ormat Technologies Inc 3.1%

Value $40.87M (+316.0%) Shares 32,562,000 (+334.2%) Est. Cost $1.27 Unrealized —

ASX ASE Technology Holding Co Ltd 2.3%

Value $31.13M (+608.7%) Shares 729,047 (+240.2%) Est. Cost $32.99 Unrealized —

— Pinnacle West Capital Corp 3.3%

Value $44.28M (+71.3%) Shares 37,000,000 (+64.4%) Est. Cost $1.12 Unrealized —

— PPL Capital Funding Inc 5.8%

Value $76.64M (+30.8%) Shares 67,500,000 (+35.0%) Est. Cost $1.16 Unrealized —

— Southern Co/The 2.8%

Value $37.54M (+73.3%) Shares 34,000,000 (+74.4%) Est. Cost $1.10 Unrealized —

WBD Warner Bros Discovery Inc 0.3%

Value $4.552M (+71.0%) Shares 170,754 (+76.1%) Est. Cost $27.22 Unrealized —

— Alibaba Group Holding Ltd 2.7%

Value $36.01M (-0.2%) Shares 30,500,000 (+17.3%) Est. Cost $1.26 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	WEC Energy Group Inc	70,000,000 (+155.4%)	$84.74M (+156.1%)	6.4%	$1.19	—	NOTE 4.375% 6/0	92939UAP1
—	Ormat Technologies Inc	32,562,000 (+334.2%)	$40.87M (+316.0%)	3.1%	$1.27	—	NOTE 2.500% 7/1	686688AB8
ASX	ASE Technology Holding Co Ltd	729,047 (+240.2%)	$31.13M (+608.7%)	2.3%	$32.99	—	SPONSORED ADS	00215W100
—	Pinnacle West Capital Corp	37,000,000 (+64.4%)	$44.28M (+71.3%)	3.3%	$1.12	—	NOTE 4.750% 6/1	723484AK7
—	PPL Capital Funding Inc	67,500,000 (+35.0%)	$76.64M (+30.8%)	5.8%	$1.16	—	NOTE 2.875% 3/1	69352PAS2
—	Southern Co/The	34,000,000 (+74.4%)	$37.54M (+73.3%)	2.8%	$1.10	—	NOTE 4.500% 6/1	842587DZ7
WBD	Warner Bros Discovery Inc	170,754 (+76.1%)	$4.552M (+71.0%)	0.3%	$27.22	—	COM SER A	934423104
—	Alibaba Group Holding Ltd	30,500,000 (+17.3%)	$36.01M (-0.2%)	2.7%	$1.26	—	NOTE 0.500% 6/0	01609WBG6

Exited Positions (22)

— Jazz Investments I Ltd 6.2%

Value $82.95M Shares 68,136,000 Est. Cost $1.20 Unrealized —

TSM Taiwan Semiconductor Manufacturing Co Ltd 5.3%

Value $70.15M Shares 218,101 Est. Cost $168.18 Unrealized —

— Coinbase Global Inc 2.5%

Value $32.69M Shares 32,944,000 Est. Cost $1.05 Unrealized —

— CenterPoint Energy Inc 1.2%

Value $16.62M Shares 14,000,000 Est. Cost $1.19 Unrealized —

— MKS Inc 1.2%

Value $16.59M Shares 10,000,000 Est. Cost $1.66 Unrealized —

— NextEra Energy Inc 0.9%

Value $12.58M Shares 250,000 Est. Cost $50.30 Unrealized —

— Whirlpool Corp 0.9%

Value $12.37M Shares 300,000 Est. Cost $41.23 Unrealized —

UAA Under Armour Inc 0.6%

Value $8.267M Shares 1,398,745 Est. Cost $5.83 Unrealized —

— H World Group Ltd 0.6%

Value $8.1M Shares 6,000,000 Est. Cost $1.12 Unrealized —

— NIO Inc 0.6%

Value $7.439M Shares 7,500,000 Est. Cost $0.88 Unrealized —

— Li Auto Inc 0.4%

Value $5.994M Shares 6,000,000 Est. Cost $1.00 Unrealized —

TCOM Trip.com Group Ltd 0.4%

Value $5.588M Shares 115,045 Est. Cost $73.04 Unrealized —

— Callaway Golf Co 0.3%

Value $3.991M Shares 4,000,000 Est. Cost $1.00 Unrealized —

— iQIYI Inc 0.3%

Value $3.673M Shares 4,000,000 Est. Cost $0.92 Unrealized —

SUNC Sunococorp LLC 0.2%

Value $3.218M Shares 52,200 Est. Cost $49.49 Unrealized —

FLOC Flowco Holdings Inc 0.2%

Value $2.966M Shares 144,000 Est. Cost $21.04 Unrealized —

SEE Sealed Air Corp 0.2%

Value $2.962M Shares 70,449 Est. Cost $40.75 Unrealized —

BIDU Baidu Inc 0.2%

Value $2.772M Shares 25,700 Est. Cost $113.53 Unrealized —

LI Li Auto Inc 0.0%

Value $501K Shares 29,000 Est. Cost $25.78 Unrealized —

SONY Sony Group Corp 0.0%

Value $402K Shares 20,000 Est. Cost $28.78 Unrealized —

HMC Honda Motor Co Ltd 0.0%

Value $332K Shares 14,062 Est. Cost $31.04 Unrealized —

— Beyond Meat Inc 0.0%

Value $273K Shares 405,000 Est. Cost $0.78 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Jazz Investments I Ltd	68,136,000	$82.95M	6.2%	$1.20	—	—	472145AF8
TSM	Taiwan Semiconductor Manufacturing Co Ltd	218,101	$70.15M	5.3%	$168.18	—	—	874039100
—	Coinbase Global Inc	32,944,000	$32.69M	2.5%	$1.05	—	—	19260QAB3
—	CenterPoint Energy Inc	14,000,000	$16.62M	1.2%	$1.19	—	—	15189TBD8
—	MKS Inc	10,000,000	$16.59M	1.2%	$1.66	—	—	55306NAB0
—	NextEra Energy Inc	250,000	$12.58M	0.9%	$50.30	—	—	65339F655
—	Whirlpool Corp	300,000	$12.37M	0.9%	$41.23	—	—	963320205
UAA	Under Armour Inc	1,398,745	$8.267M	0.6%	$5.83	—	—	904311107
—	H World Group Ltd	6,000,000	$8.1M	0.6%	$1.12	—	—	44332NAB2
—	NIO Inc	7,500,000	$7.439M	0.6%	$0.88	—	—	62914VAK2
—	Li Auto Inc	6,000,000	$5.994M	0.4%	$1.00	—	—	50202MAB8
TCOM	Trip.com Group Ltd	115,045	$5.588M	0.4%	$73.04	—	—	89677Q107
—	Callaway Golf Co	4,000,000	$3.991M	0.3%	$1.00	—	—	131193AE4
—	iQIYI Inc	4,000,000	$3.673M	0.3%	$0.92	—	—	46267XAK4
SUNC	Sunococorp LLC	52,200	$3.218M	0.2%	$49.49	—	—	86765Q106
FLOC	Flowco Holdings Inc	144,000	$2.966M	0.2%	$21.04	—	—	342909108
SEE	Sealed Air Corp	70,449	$2.962M	0.2%	$40.75	—	—	81211K100
BIDU	Baidu Inc	25,700	$2.772M	0.2%	$113.53	—	—	056752108
LI	Li Auto Inc	29,000	$501K	0.0%	$25.78	—	—	50202M102
SONY	Sony Group Corp	20,000	$402K	0.0%	$28.78	—	—	835699307
HMC	Honda Motor Co Ltd	14,062	$332K	0.0%	$31.04	—	—	438128308
—	Beyond Meat Inc	405,000	$273K	0.0%	$0.78	—	—	08862EAD1

Decreased Positions (6)

RYAAY Ryanair Holdings PLC 3.5%

Value $47.21M (-37.5%) Shares 731,344 (-44.6%) Est. Cost $65.99 Unrealized —

IBIT iShares Bitcoin Trust ETF 2.8%

Value $36.81M (-16.2%) Shares 1,108,805 (-3.0%) Est. Cost $48.43 Unrealized —

FBTC Fidelity Wise Origin Bitcoin Fund 1.0%

Value $13.54M (-22.5%) Shares 265,558 (-10.2%) Est. Cost $93.83 Unrealized —

BABA Alibaba Group Holding Ltd 0.0%

Value $614K (-85.1%) Shares 6,400 (-80.5%) Est. Cost $123.57 Unrealized —

BTC Grayscale Bitcoin Mini Trust ETF 1.1%

Value $14.33M (-15.8%) Shares 551,872 (-2.8%) Est. Cost $29.99 Unrealized —

— Starwood Property Trust Inc 1.1%

Value $15.26M (-3.5%) Shares 15,000,000 (-3.2%) Est. Cost $1.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RYAAY	Ryanair Holdings PLC	731,344 (-44.6%)	$47.21M (-37.5%)	3.5%	$65.99	—	SPONSORED ADS	783513203
IBIT	iShares Bitcoin Trust ETF	1,108,805 (-3.0%)	$36.81M (-16.2%)	2.8%	$48.43	—	SHS BEN INT	46438F101
FBTC	Fidelity Wise Origin Bitcoin Fund	265,558 (-10.2%)	$13.54M (-22.5%)	1.0%	$93.83	—	SHS	315948109
BABA	Alibaba Group Holding Ltd	6,400 (-80.5%)	$614K (-85.1%)	0.0%	$123.57	—	SPONSORED ADS	01609W102
BTC	Grayscale Bitcoin Mini Trust ETF	551,872 (-2.8%)	$14.33M (-15.8%)	1.1%	$29.99	—	SHS NEW	389930207
—	Starwood Property Trust Inc	15,000,000 (-3.2%)	$15.26M (-3.5%)	1.1%	$1.02	—	NOTE 6.750% 7/1	85571BBA2

Unchanged Positions (2)

HDB HDFC Bank Ltd 3.8%

Value $50.64M Shares 1,972,276 Est. Cost $25.55 Unrealized —

DBRG DigitalBridge Group Inc 0.1%

Value $1.603M Shares 101,560 Est. Cost $12.01 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HDB	HDFC Bank Ltd	1,972,276	$50.64M	3.8%	$25.55	—	SPONSORED ADS	40415F101
DBRG	DigitalBridge Group Inc	101,560	$1.603M	0.1%	$12.01	—	CL A NEW	25401T603