Aequim Alternative Investments LP Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	AKAMAI TECHNOLOGIES INC	72,500,000	$71,811	1.4%	$0.99	—	NOTE 1.125% 2/1	00971TAN1
—	GUIDEWIRE SOFTWARE INC	63,775,000	$70,280	1.4%	$1.10	—	NOTE 1.250%11/0	40171VAC4
—	GRANITE CONSTR INC	35,000,000	$56,000	1.1%	$1.60	—	NOTE 3.250% 6/1	387328AF4
—	NOVANTA INC	700,000	$38,486	0.8%	$54.98	—	UNIT 11/01/2028	67000B203
—	JAZZ INVESTMENTS I LTD	20,000,000	$26,670	0.5%	$1.33	—	NOTE 3.125% 9/1	472145AH4
—	ALIGNMENT HEALTHCARE INC	15,000,000	$22,800	0.5%	$1.52	—	NOTE 4.250%11/1	01625VAB0
—	RIOT PLATFORMS INC	13,500,000	$15,306	0.3%	$1.13	—	NOTE 0.750% 1/1	767292AB1
EA	ELECTRONIC ARTS INC	69,417	$14,184	0.3%	$201.71	0.0%	COM	285512109
—	GLOBAL PMTS INC	15,500,000	$13,942	0.3%	$0.90	—	NOTE 1.500% 3/0	37940XAU6
—	ITRON INC	10,000,000	$9,915	0.2%	$0.99	—	NOTE 3/1	465741AN6
—	VARONIS SYS INC	10,000,000	$9,310	0.2%	$0.93	—	NOTE 1.000% 9/1	922280AD4
—	ADVANCED ENERGY INDS	5,000,000	$8,210	0.2%	$1.64	—	NOTE 2.500% 9/1	007973AE0
CORZW	CORE SCIENTIFIC INC NEW	736,969	$6,235	0.1%	$8.46	—	*W EXP 01/23/202	21874A114
CRWV	COREWEAVE INC	81,633	$5,846	0.1%	$101.39	0.0%	COM CL A	21873S108
MKSI	MKS INC.	28,189	$4,505	0.1%	$148.21	0.0%	COM	55306N104
—	REDWOOD TRUST INC	4,250,000	$4,239	0.1%	$1.00	—	NOTE 7.750% 6/1	758075AF2
WK	WORKIVA INC	44,815	$3,865	0.1%	$88.54	0.0%	COM CL A	98139A105
—	IREN LIMITED	1,000,000	$2,453	0.0%	$2.45	—	NOTE 3.250% 6/1	46270CAB5
SO	SOUTHERN CO	25,382	$2,213	0.0%	$90.89	0.0%	COM	842587107
ETSY	ETSY INC	26,907	$1,492	0.0%	$61.02	0.0%	COM	29786A106
—	SPDR S&P 500 ETF TR	7,500	$1,028	0.0%	—	—	PUT	78462F953
LPSN	LIVEPERSON INC	121,218	$469	0.0%	$5.56	0.0%	COM	538146309

Increased Positions (49)

— SEAGATE HDD CAYMAN 7.6%

Value ($000) $386,803 (+82.6%) Shares 115,000,000 (+56.5%) Est. Cost $2.24 Unrealized —

— HEWLETT PACKARD ENTERPRISE C 4.3%

Value ($000) $218,076 (+78.4%) Shares 3,270,000 (+81.7%) Est. Cost $63.54 Unrealized —

— BRUKER CORP 2.7%

Value ($000) $136,438 (+67.3%) Shares 374,000 (+24.7%) Est. Cost $290.20 Unrealized —

— ALIBABA GROUP HLDG LTD 5.6%

Value ($000) $282,479 (+22.9%) Shares 181,600,000 (+45.3%) Est. Cost $1.50 Unrealized —

— RIVIAN AUTOMOTIVE INC 3.3%

Value ($000) $166,877 (+44.7%) Shares 148,500,000 (+18.8%) Est. Cost $0.93 Unrealized —

— WESTERN DIGITAL CORP 2.6%

Value ($000) $130,710 (+62.9%) Shares 28,500,000 (+14.0%) Est. Cost $3.38 Unrealized —

— GUARDANT HEALTH INC 1.5%

Value ($000) $73,373 (+181.2%) Shares 40,005,000 (+100.0%) Est. Cost $1.44 Unrealized —

— VENTAS RLTY LTD PARTNERSHIP 2.8%

Value ($000) $141,450 (+47.7%) Shares 100,000,000 (+35.1%) Est. Cost $1.18 Unrealized —

— WEC ENERGY GROUP INC 2.9%

Value ($000) $144,372 (+38.2%) Shares 123,500,000 (+45.3%) Est. Cost $1.17 Unrealized —

— ECHOSTAR CORP 1.6%

Value ($000) $81,891 (+90.0%) Shares 24,500,000 (+40.0%) Est. Cost $2.71 Unrealized —

— SNOWFLAKE INC 4.3%

Value ($000) $217,846 (+19.5%) Shares 146,500,000 (+22.1%) Est. Cost $1.51 Unrealized —

— CENTERPOINT ENERGY INC 2.3%

Value ($000) $117,546 (+36.3%) Shares 107,250,000 (+38.4%) Est. Cost $1.04 Unrealized —

— EVERGY INC 3.2%

Value ($000) $163,329 (+18.0%) Shares 134,000,000 (+21.8%) Est. Cost $1.17 Unrealized —

— PG&E CORP 1.6%

Value ($000) $82,000 (+38.8%) Shares 2,000,000 (+33.3%) Est. Cost $43.78 Unrealized —

— PG&E CORP 1.2%

Value ($000) $63,094 (+55.6%) Shares 61,250,000 (+53.1%) Est. Cost $1.01 Unrealized —

— FORD MTR CO 3.5%

Value ($000) $175,409 (+13.6%) Shares 168,500,000 (+10.9%) Est. Cost $1.01 Unrealized —

— AMERICAN WTR CAP CORP 1.6%

Value ($000) $79,764 (+32.6%) Shares 80,000,000 (+33.3%) Est. Cost $1.02 Unrealized —

— REPLIGEN CORP 1.8%

Value ($000) $89,282 (+26.5%) Shares 81,350,000 (+16.2%) Est. Cost $1.03 Unrealized —

— DUKE ENERGY CORP NEW 2.0%

Value ($000) $103,125 (+19.9%) Shares 100,000,000 (+25.0%) Est. Cost $1.03 Unrealized —

— WEC ENERGY GROUP INC 1.5%

Value ($000) $76,326 (+27.3%) Shares 67,500,000 (+35.0%) Est. Cost $1.13 Unrealized —

— CMS ENERGY CORP 1.6%

Value ($000) $80,400 (+22.1%) Shares 75,000,000 (+25.0%) Est. Cost $1.00 Unrealized —

FOX FOX CORP 0.3%

Value ($000) $16,781 (+565.7%) Shares 258,453 (+487.4%) Est. Cost $57.40 Unrealized +1.7%

— UGI CORP NEW 2.0%

Value ($000) $102,914 (+14.8%) Shares 72,500,000 (+3.6%) Est. Cost $1.38 Unrealized —

— TRIP COM GROUP LTD 2.5%

Value ($000) $127,771 (+11.0%) Shares 103,500,000 (+15.0%) Est. Cost $1.27 Unrealized —

— AIRBNB INC 2.6%

Value ($000) $133,920 (+9.3%) Shares 135,000,000 (+8.0%) Est. Cost $0.95 Unrealized —

— CONFLUENT INC 0.8%

Value ($000) $40,613 (+39.1%) Shares 41,719,000 (+34.8%) Est. Cost $0.87 Unrealized —

— ALLIANT ENERGY CORP 1.5%

Value ($000) $75,326 (+16.5%) Shares 72,325,000 (+20.5%) Est. Cost $1.00 Unrealized —

— BENTLEY SYS INC 0.4%

Value ($000) $19,963 (+102.0%) Shares 20,000,000 (+100.0%) Est. Cost $1.00 Unrealized —

— TRANSMEDICS GROUP INC 0.3%

Value ($000) $14,995 (+110.7%) Shares 10,000,000 (+100.0%) Est. Cost $1.46 Unrealized —

— BENTLEY SYS INC 0.4%

Value ($000) $19,803 (+39.9%) Shares 21,000,000 (+40.0%) Est. Cost $0.87 Unrealized —

— VERTEX INC 0.3%

Value ($000) $17,669 (+44.4%) Shares 18,600,000 (+55.0%) Est. Cost $1.09 Unrealized —

— PPL CAP FDG INC 0.5%

Value ($000) $24,722 (+23.6%) Shares 22,500,000 (+28.6%) Est. Cost $1.00 Unrealized —

— ITRON INC 1.0%

Value ($000) $50,656 (+10.3%) Shares 50,000,000 (+25.0%) Est. Cost $1.12 Unrealized —

COIN COINBASE GLOBAL INC 0.4%

Value ($000) $19,242 (-16.9%) Shares 85,091 (+24.0%) Est. Cost $229.69 Unrealized +29.7%

— UBER TECHNOLOGIES INC 0.5%

Value ($000) $25,990 (+17.7%) Shares 20,000,000 (+33.3%) Est. Cost $1.41 Unrealized —

NWSA NEWS CORP NEW 0.1%

Value ($000) $6,346 (+156.7%) Shares 242,945 (+201.8%) Est. Cost $27.34 Unrealized -4.0%

— CYBERARK SOFTWARE LTD 0.3%

Value ($000) $15,344 (+23.9%) Shares 34,400 (+34.2%) Est. Cost $445.47 Unrealized —

— INTERDIGITAL INC 1.8%

Value ($000) $91,943 (+2.8%) Shares 22,300,000 (+11.5%) Est. Cost $2.17 Unrealized —

— LIVE NATION ENTERTAINMENT IN 1.1%

Value ($000) $57,965 (+4.0%) Shares 39,825,000 (+15.4%) Est. Cost $1.54 Unrealized —

— ENPHASE ENERGY INC 0.1%

Value ($000) $5,243 (+72.4%) Shares 6,000,000 (+71.4%) Est. Cost $0.84 Unrealized —

ODD ODDITY TECH LTD 0.1%

Value ($000) $5,121 (-26.9%) Shares 127,452 (+13.4%) Est. Cost $62.62 Unrealized -27.8%

— ENOVIS CORPORATION 0.5%

Value ($000) $24,481 (+7.8%) Shares 25,000,000 (+8.7%) Est. Cost $1.03 Unrealized —

CAKE CHEESECAKE FACTORY INC 0.2%

Value ($000) $12,311 (+15.3%) Shares 243,875 (+24.8%) Est. Cost $56.81 Unrealized -11.9%

— VISHAY INTERTECHNOLOGY INC 0.1%

Value ($000) $5,408 (+31.8%) Shares 6,000,000 (+33.3%) Est. Cost $0.90 Unrealized —

NTNX NUTANIX INC 0.2%

Value ($000) $11,011 (+9.7%) Shares 213,026 (+57.9%) Est. Cost $67.99 Unrealized -10.1%

NWL NEWELL BRANDS INC 0.0%

Value ($000) $2,009 (-20.1%) Shares 540,000 (+12.5%) Est. Cost $5.34 Unrealized -25.4%

BAX BAXTER INTL INC 0.0%

Value ($000) $1,147 (+67.9%) Shares 60,000 (+100.0%) Est. Cost $28.83 Unrealized -30.6%

PSN PARSONS CORP DEL 0.1%

Value ($000) $4,785 (+8.6%) Shares 77,434 (+45.7%) Est. Cost $76.47 Unrealized +2.3%

IBIT ISHARES BITCOIN TRUST ETF 0.3%

Value ($000) $16,136 (-0.7%) Shares 325,000 (+30.0%) Est. Cost $61.46 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SEAGATE HDD CAYMAN	115,000,000 (+56.5%)	$386,803 (+82.6%)	7.6%	$2.24	—	NOTE 3.500% 6/0	81180WBL4
—	HEWLETT PACKARD ENTERPRISE C	3,270,000 (+81.7%)	$218,076 (+78.4%)	4.3%	$63.54	—	7.625 MAND CONV	42824C208
—	BRUKER CORP	374,000 (+24.7%)	$136,438 (+67.3%)	2.7%	$290.20	—	6.375 PREF SER A	116794207
—	ALIBABA GROUP HLDG LTD	181,600,000 (+45.3%)	$282,479 (+22.9%)	5.6%	$1.50	—	NOTE 0.500% 6/0	01609WBG6
—	RIVIAN AUTOMOTIVE INC	148,500,000 (+18.8%)	$166,877 (+44.7%)	3.3%	$0.93	—	NOTE 3.625%10/1	76954AAD5
—	WESTERN DIGITAL CORP	28,500,000 (+14.0%)	$130,710 (+62.9%)	2.6%	$3.38	—	NOTE 3.000%11/1	958102AT2
—	GUARDANT HEALTH INC	40,005,000 (+100.0%)	$73,373 (+181.2%)	1.5%	$1.44	—	DEBT 1.250% 2/1	40131MAD1
—	VENTAS RLTY LTD PARTNERSHIP	100,000,000 (+35.1%)	$141,450 (+47.7%)	2.8%	$1.18	—	NOTE 3.750% 6/0	92277GAZ0
—	WEC ENERGY GROUP INC	123,500,000 (+45.3%)	$144,372 (+38.2%)	2.9%	$1.17	—	NOTE 4.375% 6/0	92939UAR7
—	ECHOSTAR CORP	24,500,000 (+40.0%)	$81,891 (+90.0%)	1.6%	$2.71	—	NOTE 3.875%11/3	278768AB2
—	SNOWFLAKE INC	146,500,000 (+22.1%)	$217,846 (+19.5%)	4.3%	$1.51	—	NOTE 10/0	833445AB5
—	CENTERPOINT ENERGY INC	107,250,000 (+38.4%)	$117,546 (+36.3%)	2.3%	$1.04	—	NOTE 4.250% 8/1	15189TBD8
—	EVERGY INC	134,000,000 (+21.8%)	$163,329 (+18.0%)	3.2%	$1.17	—	NOTE 4.500%12/1	30034WAD8
—	PG&E CORP	2,000,000 (+33.3%)	$82,000 (+38.8%)	1.6%	$43.78	—	PFD CONV SER A	69331C306
—	PG&E CORP	61,250,000 (+53.1%)	$63,094 (+55.6%)	1.2%	$1.01	—	NOTE 4.250%12/0	69331CAL2
—	FORD MTR CO	168,500,000 (+10.9%)	$175,409 (+13.6%)	3.5%	$1.01	—	NOTE 3/1	345370CZ1
—	AMERICAN WTR CAP CORP	80,000,000 (+33.3%)	$79,764 (+32.6%)	1.6%	$1.02	—	NOTE 3.625% 6/1	03040WBE4
—	REPLIGEN CORP	81,350,000 (+16.2%)	$89,282 (+26.5%)	1.8%	$1.03	—	NOTE 1.000%12/1	759916AD1
—	DUKE ENERGY CORP NEW	100,000,000 (+25.0%)	$103,125 (+19.9%)	2.0%	$1.03	—	NOTE 4.125% 4/1	26441CBY0
—	WEC ENERGY GROUP INC	67,500,000 (+35.0%)	$76,326 (+27.3%)	1.5%	$1.13	—	NOTE 4.375% 6/0	92939UAP1
—	CMS ENERGY CORP	75,000,000 (+25.0%)	$80,400 (+22.1%)	1.6%	$1.00	—	NOTE 3.375% 5/0	125896BX7
FOX	FOX CORP	258,453 (+487.4%)	$16,781 (+565.7%)	0.3%	$57.40	+1.7%	CL B COM	35137L204
—	UGI CORP NEW	72,500,000 (+3.6%)	$102,914 (+14.8%)	2.0%	$1.38	—	NOTE 5.000% 6/0	902681AB1
—	TRIP COM GROUP LTD	103,500,000 (+15.0%)	$127,771 (+11.0%)	2.5%	$1.27	—	NOTE 0.750% 6/1	89677QAB3
—	AIRBNB INC	135,000,000 (+8.0%)	$133,920 (+9.3%)	2.6%	$0.95	—	NOTE 3/1	009066AB7
—	CONFLUENT INC	41,719,000 (+34.8%)	$40,613 (+39.1%)	0.8%	$0.87	—	NOTE 1/1	20717MAB9
—	ALLIANT ENERGY CORP	72,325,000 (+20.5%)	$75,326 (+16.5%)	1.5%	$1.00	—	NOTE 3.875% 3/1	018802AC2
—	BENTLEY SYS INC	20,000,000 (+100.0%)	$19,963 (+102.0%)	0.4%	$1.00	—	NOTE 0.125% 1/1	08265TAB5
—	TRANSMEDICS GROUP INC	10,000,000 (+100.0%)	$14,995 (+110.7%)	0.3%	$1.46	—	NOTE 1.500% 6/0	89377MAB5
—	BENTLEY SYS INC	21,000,000 (+40.0%)	$19,803 (+39.9%)	0.4%	$0.87	—	NOTE 0.375% 7/0	08265TAD1
—	VERTEX INC	18,600,000 (+55.0%)	$17,669 (+44.4%)	0.3%	$1.09	—	NOTE 0.750% 5/0	92538JAB2
—	PPL CAP FDG INC	22,500,000 (+28.6%)	$24,722 (+23.6%)	0.5%	$1.00	—	NOTE 2.875% 3/1	69352PAS2
—	ITRON INC	50,000,000 (+25.0%)	$50,656 (+10.3%)	1.0%	$1.12	—	NOTE 1.375% 7/1	465741AQ9
COIN	COINBASE GLOBAL INC	85,091 (+24.0%)	$19,242 (-16.9%)	0.4%	$229.69	+29.7%	COM CL A	19260Q107
—	UBER TECHNOLOGIES INC	20,000,000 (+33.3%)	$25,990 (+17.7%)	0.5%	$1.41	—	NOTE 0.875%12/0	90353TAM2
NWSA	NEWS CORP NEW	242,945 (+201.8%)	$6,346 (+156.7%)	0.1%	$27.34	-4.0%	CL A	65249B109
—	CYBERARK SOFTWARE LTD	34,400 (+34.2%)	$15,344 (+23.9%)	0.3%	$445.47	—	SHS	M2682V108
—	INTERDIGITAL INC	22,300,000 (+11.5%)	$91,943 (+2.8%)	1.8%	$2.17	—	NOTE 3.500% 6/0	45867GAD3
—	LIVE NATION ENTERTAINMENT IN	39,825,000 (+15.4%)	$57,965 (+4.0%)	1.1%	$1.54	—	NOTE 3.125% 1/1	538034BA6
—	ENPHASE ENERGY INC	6,000,000 (+71.4%)	$5,243 (+72.4%)	0.1%	$0.84	—	NOTE 3/0	29355AAK3
ODD	ODDITY TECH LTD	127,452 (+13.4%)	$5,121 (-26.9%)	0.1%	$62.62	-27.8%	SHS CL A	M7518J104
—	ENOVIS CORPORATION	25,000,000 (+8.7%)	$24,481 (+7.8%)	0.5%	$1.03	—	NOTE 3.875%10/1	194014AB2
CAKE	CHEESECAKE FACTORY INC	243,875 (+24.8%)	$12,311 (+15.3%)	0.2%	$56.81	-11.9%	COM	163072101
—	VISHAY INTERTECHNOLOGY INC	6,000,000 (+33.3%)	$5,408 (+31.8%)	0.1%	$0.90	—	NOTE 2.250% 9/1	928298AR9
NTNX	NUTANIX INC	213,026 (+57.9%)	$11,011 (+9.7%)	0.2%	$67.99	-10.1%	CL A	67059N108
NWL	NEWELL BRANDS INC	540,000 (+12.5%)	$2,009 (-20.1%)	0.0%	$5.34	-25.4%	COM	651229106
BAX	BAXTER INTL INC	60,000 (+100.0%)	$1,147 (+67.9%)	0.0%	$28.83	-30.6%	COM	071813109
PSN	PARSONS CORP DEL	77,434 (+45.7%)	$4,785 (+8.6%)	0.1%	$76.47	+2.3%	COM	70202L102
IBIT	ISHARES BITCOIN TRUST ETF	325,000 (+30.0%)	$16,136 (-0.7%)	0.3%	$61.46	—	SHS BEN INT	46438F101

Exited Positions (14)

SPY SPDR S&P 500 ETF TR 8.6%

Value ($000) $433,017 Shares 650,000 Est. Cost $666.18 Unrealized —

— BRIGHTSPRING HEALTH SVCS INC 2.6%

Value ($000) $130,406 Shares 1,290,000 Est. Cost $61.92 Unrealized —

— CHART INDS INC 1.4%

Value ($000) $71,060 Shares 1,000,000 Est. Cost $62.85 Unrealized —

— SOUTHERN CO 1.1%

Value ($000) $56,338 Shares 50,000,000 Est. Cost $1.01 Unrealized —

— SHOPIFY INC 1.0%

Value ($000) $52,650 Shares 50,000,000 Est. Cost $0.90 Unrealized —

— SOUTHERN CO 0.6%

Value ($000) $32,863 Shares 29,500,000 Est. Cost $1.11 Unrealized —

— PROS HOLDINGS INC 0.3%

Value ($000) $14,858 Shares 15,000,000 Est. Cost $0.94 Unrealized —

— GRANITE CONSTR INC 0.2%

Value ($000) $12,055 Shares 5,000,000 Est. Cost $2.41 Unrealized —

— KELLANOVA 0.1%

Value ($000) $5,294 Shares 64,546 Est. Cost $80.05 Unrealized +3.3%

JAZZ JAZZ PHARMACEUTICALS PLC 0.0%

Value ($000) $2,201 Shares 16,700 Est. Cost $121.17 Unrealized +26.5%

WOLF WOLFSPEED INC 0.0%

Value ($000) $1,968 Shares 68,814 Est. Cost $25.35 Unrealized -9.5%

WK WORKIVA INC 0.0%

Value ($000) $1,911 Shares 22,200 Est. Cost $88.54 Unrealized 0.0%

GCMGW GCM GROSVENOR INC 0.0%

Value ($000) $881 Shares 1,657,604 Est. Cost $0.69 Unrealized —

ZD ZIFF DAVIS INC 0.0%

Value ($000) $268 Shares 7,033 Est. Cost $35.02 Unrealized -0.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	650,000	$433,017	8.6%	$666.18	—	—	78462F103
—	BRIGHTSPRING HEALTH SVCS INC	1,290,000	$130,406	2.6%	$61.92	—	—	10950A205
—	CHART INDS INC	1,000,000	$71,060	1.4%	$62.85	—	—	16115Q407
—	SOUTHERN CO	50,000,000	$56,338	1.1%	$1.01	—	—	842587DP9
—	SHOPIFY INC	50,000,000	$52,650	1.0%	$0.90	—	—	82509LAA5
—	SOUTHERN CO	29,500,000	$32,863	0.6%	$1.11	—	—	842587DZ7
—	PROS HOLDINGS INC	15,000,000	$14,858	0.3%	$0.94	—	—	74346YAG8
—	GRANITE CONSTR INC	5,000,000	$12,055	0.2%	$2.41	—	—	387328AD9
—	KELLANOVA	64,546	$5,294	0.1%	$80.05	+3.3%	—	487836108
JAZZ	JAZZ PHARMACEUTICALS PLC	16,700	$2,201	0.0%	$121.17	+26.5%	—	G50871105
WOLF	WOLFSPEED INC	68,814	$1,968	0.0%	$25.35	-9.5%	—	97785W106
WK	WORKIVA INC	22,200	$1,911	0.0%	$88.54	0.0%	CALL	98139A105
GCMGW	GCM GROSVENOR INC	1,657,604	$881	0.0%	$0.69	—	—	36831E116
ZD	ZIFF DAVIS INC	7,033	$268	0.0%	$35.02	-0.4%	—	48123V102

Decreased Positions (3)

— ETSY INC 1.6%

Value ($000) $80,988 (-23.2%) Shares 80,000,000 (-21.2%) Est. Cost $1.70 Unrealized —

— BOEING CO 2.2%

Value ($000) $111,296 (-11.1%) Shares 1,600,000 (-11.1%) Est. Cost $66.80 Unrealized —

— FIRSTENERGY CORP 0.3%

Value ($000) $12,784 (-38.5%) Shares 12,500,000 (-37.5%) Est. Cost $0.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ETSY INC	80,000,000 (-21.2%)	$80,988 (-23.2%)	1.6%	$1.70	—	NOTE 0.125%10/0	29786AAJ5
—	BOEING CO	1,600,000 (-11.1%)	$111,296 (-11.1%)	2.2%	$66.80	—	DEP CONV PFD A	097023204
—	FIRSTENERGY CORP	12,500,000 (-37.5%)	$12,784 (-38.5%)	0.3%	$0.99	—	NOTE 4.000% 5/0	337932AR8

Unchanged Positions (29)

SPOT SPOTIFY TECHNOLOGY S A 0.5%

Value ($000) $27,584 Shares 47,500 Est. Cost $565.30 Unrealized +10.6%

— TXNM ENERGY INC 2.9%

Value ($000) $147,818 Shares 110,000,000 Est. Cost $1.30 Unrealized —

— NEXTERA ENERGY INC 0.7%

Value ($000) $37,533 Shares 725,000 Est. Cost $50.98 Unrealized —

— EPR PPTYS 0.2%

Value ($000) $10,053 Shares 440,000 Est. Cost $18.70 Unrealized —

— MIRUM PHARMACEUTICALS INC 0.3%

Value ($000) $15,508 Shares 6,000,000 Est. Cost $1.53 Unrealized —

SIRI SIRIUSXM HOLDINGS INC 0.1%

Value ($000) $5,861 Shares 293,124 Est. Cost $31.06 Unrealized -30.8%

RPAY REPAY HLDGS CORP 0.0%

Value ($000) $2,111 Shares 578,484 Est. Cost $10.59 Unrealized -62.2%

FLR FLUOR CORP NEW 0.3%

Value ($000) $13,976 Shares 352,672 Est. Cost $37.43 Unrealized +18.2%

— ALARM COM HLDGS INC 1.1%

Value ($000) $57,644 Shares 57,500,000 Est. Cost $0.89 Unrealized —

— JAMF HLDG CORP 0.4%

Value ($000) $22,230 Shares 22,500,000 Est. Cost $0.83 Unrealized —

— BLACKLINE INC 0.8%

Value ($000) $38,182 Shares 38,500,000 Est. Cost $0.86 Unrealized —

GENVR GEN DIGITAL INC 0.0%

Value ($000) $882 Shares 200,000 Est. Cost $8.16 Unrealized —

OXY/WS OCCIDENTAL PETE CORP 0.0%

Value ($000) $1,445 Shares 75,000 Est. Cost $21.49 Unrealized —

ADNT ADIENT PLC 0.0%

Value ($000) $1,342 Shares 70,000 Est. Cost $14.78 Unrealized +42.3%

— UNITY SOFTWARE INC 0.4%

Value ($000) $18,090 Shares 18,674,000 Est. Cost $0.76 Unrealized —

— PROGRESS SOFTWARE CORP 1.0%

Value ($000) $49,838 Shares 50,000,000 Est. Cost $1.05 Unrealized —

— ENPHASE ENERGY INC 0.4%

Value ($000) $19,800 Shares 20,000,000 Est. Cost $0.95 Unrealized —

CLF CLEVELAND-CLIFFS INC NEW 0.1%

Value ($000) $2,656 Shares 200,000 Est. Cost $12.34 Unrealized +2.3%

— HALOZYME THERAPEUTICS INC 0.0%

Value ($000) $2,165 Shares 2,000,000 Est. Cost $1.15 Unrealized —

— SNOWFLAKE INC 0.2%

Value ($000) $10,688 Shares 6,900,000 Est. Cost $1.57 Unrealized —

— ETSY INC 0.2%

Value ($000) $11,197 Shares 12,500,000 Est. Cost $0.81 Unrealized —

— EPR PPTYS 0.0%

Value ($000) $2,145 Shares 71,692 Est. Cost $27.03 Unrealized —

OMF ONEMAIN HLDGS INC 0.0%

Value ($000) $569 Shares 8,426 Est. Cost $40.79 Unrealized +49.1%

GT GOODYEAR TIRE & RUBR CO 0.0%

Value ($000) $263 Shares 30,000 Est. Cost $11.09 Unrealized -29.0%

OI O-I GLASS INC 0.0%

Value ($000) $295 Shares 20,000 Est. Cost $9.82 Unrealized +34.7%

ASTLW ALGOMA STL GROUP INC 0.0%

Value ($000) $35 Shares 414,191 Est. Cost $1.04 Unrealized —

— HAEMONETICS CORP MASS 0.0%

Value ($000) $2,481 Shares 2,500,000 Est. Cost $0.84 Unrealized —

— ALARM COM HLDGS INC 0.0%

Value ($000) $2,386 Shares 2,500,000 Est. Cost $0.97 Unrealized —

BFLYW BUTTERFLY NETWORK INC 0.0%

Value ($000) $1 Shares 49,393 Est. Cost $0.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPOT	SPOTIFY TECHNOLOGY S A	47,500	$27,584	0.5%	$565.30	+10.6%	SHS	L8681T102
—	TXNM ENERGY INC	110,000,000	$147,818	2.9%	$1.30	—	NOTE 5.750% 6/0	69349HAF4
—	NEXTERA ENERGY INC	725,000	$37,533	0.7%	$50.98	—	UNIT 06/01/2027	65339F663
—	EPR PPTYS	440,000	$10,053	0.2%	$18.70	—	PFD C CV 5.75%	26884U208
—	MIRUM PHARMACEUTICALS INC	6,000,000	$15,508	0.3%	$1.53	—	NOTE 4.000% 5/0	604749AB7
SIRI	SIRIUSXM HOLDINGS INC	293,124	$5,861	0.1%	$31.06	-30.8%	COMMON STOCK	829933100
RPAY	REPAY HLDGS CORP	578,484	$2,111	0.0%	$10.59	-62.2%	COM CL A	76029L100
FLR	FLUOR CORP NEW	352,672	$13,976	0.3%	$37.43	+18.2%	COM	343412102
—	ALARM COM HLDGS INC	57,500,000	$57,644	1.1%	$0.89	—	NOTE 1/1	011642AB1
—	JAMF HLDG CORP	22,500,000	$22,230	0.4%	$0.83	—	NOTE 0.125% 9/0	47074LAB1
—	BLACKLINE INC	38,500,000	$38,182	0.8%	$0.86	—	NOTE 3/1	09239BAD1
GENVR	GEN DIGITAL INC	200,000	$882	0.0%	$8.16	—	RIGHT 99/99/9999	668771116
OXY/WS	OCCIDENTAL PETE CORP	75,000	$1,445	0.0%	$21.49	—	*W EXP 08/03/202	674599162
ADNT	ADIENT PLC	70,000	$1,342	0.0%	$14.78	+42.3%	ORD SHS	G0084W101
—	UNITY SOFTWARE INC	18,674,000	$18,090	0.4%	$0.76	—	NOTE 11/1	91332UAB7
—	PROGRESS SOFTWARE CORP	50,000,000	$49,838	1.0%	$1.05	—	NOTE 1.000% 4/1	743312AB6
—	ENPHASE ENERGY INC	20,000,000	$19,800	0.4%	$0.95	—	NOTE 3/0	29355AAH0
CLF	CLEVELAND-CLIFFS INC NEW	200,000	$2,656	0.1%	$12.34	+2.3%	COM	185899101
—	HALOZYME THERAPEUTICS INC	2,000,000	$2,165	0.0%	$1.15	—	NOTE 0.250% 3/0	40637HAD1
—	SNOWFLAKE INC	6,900,000	$10,688	0.2%	$1.57	—	NOTE 10/0	833445AD1
—	ETSY INC	12,500,000	$11,197	0.2%	$0.81	—	NOTE 0.250% 6/1	29786AAN6
—	EPR PPTYS	71,692	$2,145	0.0%	$27.03	—	CONV PFD 9% SR E	26884U307
OMF	ONEMAIN HLDGS INC	8,426	$569	0.0%	$40.79	+49.1%	COM	68268W103
GT	GOODYEAR TIRE & RUBR CO	30,000	$263	0.0%	$11.09	-29.0%	COM	382550101
OI	O-I GLASS INC	20,000	$295	0.0%	$9.82	+34.7%	COM	67098H104
ASTLW	ALGOMA STL GROUP INC	414,191	$35	0.0%	$1.04	—	*W EXP 10/19/202	015658115
—	HAEMONETICS CORP MASS	2,500,000	$2,481	0.0%	$0.84	—	NOTE 3/0	405024AB6
—	ALARM COM HLDGS INC	2,500,000	$2,386	0.0%	$0.97	—	NOTE 2.250% 6/0	011642AD7
BFLYW	BUTTERFLY NETWORK INC	49,393	$1	0.0%	$0.09	—	*W EXP 02/12/202	124155110