Asset Manager · CIK 0000949509

Howard Marks

Oaktree Capital

Mid-Size Fund

Howard Marks runs Oaktree Capital, an asset manager overseeing $7.03B in disclosed equity holdings (SEC CIK 0000949509). The latest 13F filing (2025Q4) discloses 166 positions across 11 sectors, with the largest positions in EXE, TORM PLC and ANGLOGOLD ASHANTI PLC. OpenStocks tracks 40 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.

Track Howard's filings View holdings

Portfolio

$7.03B

Positions

166

Quarter

2025Q4

Filings tracked

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2025Q4

Sector166 positions

EXECHESAPEAKE ENERGY CORP

Energy·Oil & Gas E&P

7.95%

of portfolio

Number of shares

5,062,363 sh

Holdings current value

$558.68M

Avg closing price

$43.93

+121.6%

Last action

Trimmed 0.0%

2025Q3

Current $97.36

G89479102TORM PLC

7.50%

of portfolio

Number of shares

26,425,059 sh

Holdings current value

$527.29M

Avg closing price

$6.37

Last action

Trimmed 34.9%

2025Q4

Current —

G0378L100ANGLOGOLD ASHANTI PLC

4.67%

of portfolio

Number of shares

3,847,991 sh

Holdings current value

$328.16M

Avg closing price

$16.61

Last action

Trimmed 8.1%

2025Q4

Current —

GTXGARRETT MOTION INC

Consumer Cyclical·Auto Parts

4.24%

of portfolio

Number of shares

17,094,816 sh

Holdings current value

$297.96M

Avg closing price

$7.54

Last action

Trimmed 46.4%

2025Q4

Current —

G4766E116INDIVIOR PLC

3.63%

of portfolio

Number of shares

7,108,644 sh

Holdings current value

$255.06M

Avg closing price

$0.62

Last action

Trimmed 97.2%

2025Q4

Current —

VNOMVIPER ENERGY INC

Energy·Oil & Gas Midstream

3.45%

of portfolio

Number of shares

6,285,062 sh

Holdings current value

$242.79M

Avg closing price

$38.22

Last action

New holding

2025Q3

Current —

TDSTELEPHONE & DATA SYS INC

Communication Services·Telecom Services

2.15%

of portfolio

Number of shares

3,688,386 sh

Holdings current value

$151.22M

Avg closing price

$39.24

+16.1%

Last action

New holding

2025Q3

Current $45.57

BBARRICK MNG CORP

Basic Materials·Gold

1.84%

of portfolio

Number of shares

2,975,118 sh

Holdings current value

$129.57M

Avg closing price

$21.34

+98.7%

Last action

Trimmed 9.9%

2025Q4

Current $42.40

TLNTALEN ENERGY CORP

Utilities·Utilities - Independent Power Producers

1.77%

of portfolio

Number of shares

331,117 sh

Holdings current value

$124.12M

Avg closing price

$322.37

+12.4%

Last action

Added 13.7%

2025Q4

Current $362.40

CORZCORE SCIENTIFIC INC NEW

Technology·Software - Infrastructure

1.73%

of portfolio

Number of shares

8,350,708 sh

Holdings current value

$121.59M

Avg closing price

$17.15

+13.3%

Last action

Added 30.5%

2025Q4

Current $19.44

NOKNOKIA CORPADR

Technology·Communication Equipment

1.73%

of portfolio

Number of shares

18,752,229 sh

Holdings current value

$121.33M

Avg closing price

$5.27

Last action

Added 0.0%

2025Q2

Current —

G3730V105FTAI AVIATION LTD

1.45%

of portfolio

Number of shares

517,328 sh

Holdings current value

$101.84M

Avg closing price

$17.12

Last action

Trimmed 11.6%

2025Q4

Current —

ITUBITAU UNIBANCO HLDG S AADR

Financial Services·Banks - Regional

1.41%

of portfolio

Number of shares

13,822,747 sh

Holdings current value

$98.97M

Avg closing price

$6.71

Last action

Added 9.1%

2025Q4

Current —

G61188101LIBERTY GLOBAL LTD

1.36%

of portfolio

Number of shares

8,551,191 sh

Holdings current value

$95.26M

Avg closing price

$16.69

Last action

Added 4.1%

2025Q3

Current —

CBLCBL & ASSOC PPTYS INCREIT

Real Estate·REIT - Retail

1.33%

of portfolio

Number of shares

2,517,576 sh

Holdings current value

$93.15M

Avg closing price

$32.83

Last action

Trimmed 16.2%

2025Q4

Current —

RIOT 0.75 01/15/30RIOT PLATFORMS INC

1.32%

of portfolio

Number of shares

81,960,000 sh

Holdings current value

$92.92M

Avg closing price

$1.13

Last action

New holding

2025Q4

Current —

JBLU 0.5 04/01/26JETBLUE AIRWAYS CORP

1.27%

of portfolio

Number of shares

90,530,000 sh

Holdings current value

$89.04M

Avg closing price

$0.93

Last action

Added 32.6%

2025Q4

Current —

AEROGRUPO AEROMEXICO SAB DE CVADR

Industrials·Airlines

1.18%

of portfolio

Number of shares

3,776,986 sh

Holdings current value

$82.94M

Avg closing price

$21.96

Last action

New holding

2025Q4

Current —

TACTRANSALTA CORP

Utilities·Utilities - Independent Power Producers

1.16%

of portfolio

Number of shares

6,415,253 sh

Holdings current value

$81.25M

Avg closing price

$9.67

+39.7%

Last action

Added 5.4%

2025Q3

Current $13.50

STKLSUNOPTA INC

Consumer Defensive·Beverages - Non-Alcoholic

1.12%

of portfolio

Number of shares

20,726,126 sh

Holdings current value

$78.88M

Avg closing price

$12.08

Last action

New holding

2022Q1

Current —

NUNU HLDGS LTD

Financial Services·Banks - Regional

1.07%

of portfolio

Number of shares

4,479,175 sh

Holdings current value

$74.98M

Avg closing price

$16.01

-3.6%

Last action

Trimmed 0.9%

2025Q4

Current $15.43

FCXFREEPORT-MCMORAN INC

Basic Materials·Copper

1.00%

of portfolio

Number of shares

1,390,053 sh

Holdings current value

$70.60M

Avg closing price

$43.35

+57.5%

Last action

Trimmed 7.6%

2025Q4

Current $68.28

KRCKILROY RLTY CORPREIT

Real Estate·REIT - Office

0.98%

of portfolio

Number of shares

1,850,011 sh

Holdings current value

$69.13M

Avg closing price

$65.28

Last action

Added 14.6%

2022Q4

Current —

CXCEMEX SAB DE CVADR

Basic Materials·Building Materials

0.94%

of portfolio

Number of shares

5,749,324 sh

Holdings current value

$66.06M

Avg closing price

$6.33

Last action

Trimmed 45.0%

2025Q4

Current —

RWAYRUNWAY GROWTH FINANCE CORP

Financial Services·Asset Management

0.89%

of portfolio

Number of shares

7,029,667 sh

Holdings current value

$62.77M

Avg closing price

$13.58

Last action

Trimmed 15.1%

2025Q4

Current —

SATS 3.875 11/30/30ECHOSTAR CORP

0.86%

of portfolio

Number of shares

18,000,000 sh

Holdings current value

$60.16M

Avg closing price

$1.13

Last action

New holding

2025Q4

Current —

CABO 0 03/15/26CABLE ONE INC

0.83%

of portfolio

Number of shares

58,874,000 sh

Holdings current value

$58.14M

Avg closing price

$0.88

Last action

Added 0.2%

2025Q4

Current —

BLCOBAUSCH PLUS LOMB CORP

Healthcare·Medical Instruments & Supplies

0.82%

of portfolio

Number of shares

3,382,739 sh

Holdings current value

$57.78M

Avg closing price

$13.62

Last action

Added 4.2%

2025Q4

Current —

G4124C109GRAB HOLDINGS LIMITED

0.80%

of portfolio

Number of shares

11,207,699 sh

Holdings current value

$55.93M

Avg closing price

$4.65

Last action

Trimmed 7.3%

2025Q4

Current —

G98239109XP INC

0.77%

of portfolio

Number of shares

3,320,159 sh

Holdings current value

$54.35M

Avg closing price

$18.16

Last action

Added 63.3%

2025Q4

Current —

ABNB 0 03/15/26AIRBNB INC

0.71%

of portfolio

Number of shares

50,633,000 sh

Holdings current value

$50.23M

Avg closing price

$0.96

Last action

Added 28.7%

2025Q4

Current —

ETSY 0.25 06/15/28ETSY INC

0.64%

of portfolio

Number of shares

50,165,000 sh

Holdings current value

$44.94M

Avg closing price

$0.84

Last action

Added 27.5%

2025Q4

Current —

G9001E128LIBERTY LATIN AMERICA LTD

0.61%

of portfolio

Number of shares

5,748,780 sh

Holdings current value

$42.89M

Avg closing price

$7.66

Last action

Trimmed 13.8%

2025Q4

Current —

ECVTECOVYST INC

Basic Materials·Specialty Chemicals

0.59%

of portfolio

Number of shares

4,254,503 sh

Holdings current value

$41.40M

Avg closing price

$9.08

Last action

Added 48.8%

2025Q4

Current —

BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC

0.58%

of portfolio

Number of shares

42,118,000 sh

Holdings current value

$40.45M

Avg closing price

$0.96

Last action

Added 113.6%

2025Q4

Current —

AMPH 2 03/15/29AMPHASTAR PHARMACEUTICALS IN

0.57%

of portfolio

Number of shares

43,578,000 sh

Holdings current value

$40.40M

Avg closing price

$0.92

Last action

Added 144.5%

2025Q4

Current —

ADUNITED STATES CELLULAR CORP

Communication Services·Telecom Services

0.55%

of portfolio

Number of shares

724,444 sh

Holdings current value

$38.84M

Avg closing price

$50.01

Last action

New holding

2025Q3

Current —

CNMD 2.25 06/15/27CONMED CORP

0.55%

of portfolio

Number of shares

40,324,000 sh

Holdings current value

$38.71M

Avg closing price

$0.95

Last action

Trimmed 0.5%

2025Q4

Current —

VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE CORP

0.55%

of portfolio

Number of shares

40,370,000 sh

Holdings current value

$38.45M

Avg closing price

$0.94

Last action

Added 12.7%

2025Q4

Current —

PEB 1.75 12/15/26PEBBLEBROOK HOTEL TR

0.55%

of portfolio

Number of shares

39,706,000 sh

Holdings current value

$38.42M

Avg closing price

$0.94

Last action

Added 51.7%

2025Q4

Current —

VISTVISTA OIL & GAS SAB DE CVADR

Energy·Oil & Gas E&P

0.54%

of portfolio

Number of shares

782,250 sh

Holdings current value

$38.06M

Avg closing price

$4.69

Last action

Trimmed 57.5%

2025Q4

Current —

YMMFULL TRUCK ALLIANCE CO LTDADR

Technology·Software - Application

0.54%

of portfolio

Number of shares

3,519,764 sh

Holdings current value

$37.77M

Avg closing price

$12.41

Last action

Trimmed 7.3%

2025Q4

Current —

SEALTD 0.25 09/15/26SEA LTD

0.54%

of portfolio

Number of shares

38,855,000 sh

Holdings current value

$37.77M

Avg closing price

$0.90

Last action

Added 4.9%

2025Q4

Current —

Y8162K204STAR BULK CARRIERS CORP.

0.54%

of portfolio

Number of shares

1,962,892 sh

Holdings current value

$37.73M

Avg closing price

$9.89

Last action

Trimmed 39.2%

2025Q3

Current —

TDOC 1.25 06/01/27TELADOC HEALTH INC

0.52%

of portfolio

Number of shares

38,479,000 sh

Holdings current value

$36.75M

Avg closing price

$0.85

Last action

Trimmed 5.3%

2025Q4

Current —

ENPH 0 03/01/28ENPHASE ENERGY INC

0.47%

of portfolio

Number of shares

38,178,000 sh

Holdings current value

$33.36M

Avg closing price

$0.88

Last action

Added 33.4%

2025Q4

Current —

CBRL 0.625 06/15/26CRACKER BARREL OLD CTRY STOR

0.46%

of portfolio

Number of shares

33,101,000 sh

Holdings current value

$32.19M

Avg closing price

$0.96

Last action

Added 33.6%

2025Q4

Current —

CRCCALIFORNIA RES CORP

Energy·Oil & Gas E&P

0.44%

of portfolio

Number of shares

694,502 sh

Holdings current value

$31.05M

Avg closing price

$52.09

+28.4%

Last action

Trimmed 49.6%

2025Q3

Current $66.87

BZKANZHUN LIMITEDADR

Communication Services·Internet Content & Information

0.44%

of portfolio

Number of shares

1,523,231 sh

Holdings current value

$31.04M

Avg closing price

$17.74

Last action

Trimmed 7.3%

2025Q4

Current —

ARRY 1 12/01/28ARRAY TECHNOLOGIES INC

0.43%

of portfolio

Number of shares

33,284,000 sh

Holdings current value

$30.26M

Avg closing price

$0.88

Last action

Added 34.8%

2025Q4

Current —

NVST 1.75 08/15/28ENVISTA HOLDINGS CORP

0.42%

of portfolio

Number of shares

30,786,000 sh

Holdings current value

$29.63M

Avg closing price

$0.92

Last action

Added 20.8%

2025Q4

Current —

OKTA 0.375 06/15/26OKTA INC

0.40%

of portfolio

Number of shares

28,311,000 sh

Holdings current value

$27.77M

Avg closing price

$0.97

Last action

Added 67.5%

2025Q4

Current —

FIVN 1 03/15/29FIVE9 INC

0.39%

of portfolio

Number of shares

30,353,000 sh

Holdings current value

$27.39M

Avg closing price

$0.90

Last action

Added 290.0%

2025Q4

Current —

ALRM 0 01/15/26ALARM COM HLDGS INC

0.39%

of portfolio

Number of shares

27,198,000 sh

Holdings current value

$27.27M

Avg closing price

$0.96

Last action

Added 9.9%

2025Q4

Current —

TEOTELECOM ARGENTINA SAADR

Communication Services·Telecom Services

0.39%

of portfolio

Number of shares

2,347,508 sh

Holdings current value

$27.25M

Avg closing price

$9.83

Last action

Trimmed 10.7%

2025Q4

Current —

VALEVALE S AADR

Basic Materials·Other Industrial Metals & Mining

0.38%

of portfolio

Number of shares

2,023,706 sh

Holdings current value

$26.37M

Avg closing price

$13.27

+31.3%

Last action

Trimmed 0.5%

2025Q4

Current $17.43

SPB 3.375 06/01/29SPECTRUM BRANDS HOLDINGS INC

0.37%

of portfolio

Number of shares

27,496,000 sh

Holdings current value

$26.07M

Avg closing price

$0.94

Last action

Added 69.5%

2025Q4

Current —

DXCM 0.375 05/15/28DEXCOM INC

0.37%

of portfolio

Number of shares

27,995,000 sh

Holdings current value

$25.78M

Avg closing price

$0.92

Last action

New holding

2025Q4

Current —

TXTERNIUM SAADR

Basic Materials·Steel

0.36%

of portfolio

Number of shares

658,565 sh

Holdings current value

$25.15M

Avg closing price

$35.39

Last action

Trimmed 26.6%

2025Q4

Current —

G7553X106RICE ACQUISITION CORP 3

0.35%

of portfolio

Number of shares

2,400,000 sh

Holdings current value

$24.66M

Avg closing price

$10.28

Last action

New holding

2025Q4

Current —

OCSLOAKTREE SPECIALTY LENDING CO

Financial Services·Asset Management

0.34%

of portfolio

Number of shares

1,852,456 sh

Holdings current value

$23.60M

Avg closing price

$18.83

Last action

New holding

2023Q1

Current —

DKNG 0 03/15/28DRAFTKINGS INC NEW

0.33%

of portfolio

Number of shares

25,225,000 sh

Holdings current value

$23.09M

Avg closing price

$0.86

Last action

New holding

2025Q4

Current —

MGPI 1.875 11/15/41MGP INGREDIENTS INC

0.32%

of portfolio

Number of shares

23,225,000 sh

Holdings current value

$22.53M

Avg closing price

$0.96

Last action

Added 34.4%

2025Q4

Current —

INN 1.5 02/15/26SUMMIT HOTEL PPTYS

0.31%

of portfolio

Number of shares

21,560,000 sh

Holdings current value

$21.50M

Avg closing price

$0.97

Last action

Trimmed 26.8%

2025Q4

Current —

XYZ 0 05/01/26BLOCK INC

0.28%

of portfolio

Number of shares

20,243,000 sh

Holdings current value

$19.94M

Avg closing price

$0.98

Last action

Added 102.1%

2025Q4

Current —

NBR 1.75 06/15/29NABORS INDUSTRIES INC 1.750 06/15/29 CVT

0.28%

of portfolio

Number of shares

24,063,000 sh

Holdings current value

$19.60M

Avg closing price

$0.74

Last action

Added 87.5%

2025Q4

Current —

INFYINFOSYS LTDADR

Technology·Information Technology Services

0.28%

of portfolio

Number of shares

1,094,752 sh

Holdings current value

$19.51M

Avg closing price

$15.26

Last action

New holding

2025Q4

Current —

JD 0.25 06/01/29JD.COM INC

0.27%

of portfolio

Number of shares

19,233,000 sh

Holdings current value

$19.32M

Avg closing price

$1.06

Last action

Trimmed 19.3%

2025Q4

Current —

DAY 0.25 03/15/26DAYFORCE INC

0.27%

of portfolio

Number of shares

19,351,000 sh

Holdings current value

$19.21M

Avg closing price

$0.85

Last action

Added 106.3%

2025Q4

Current —

WGO 3.25 01/15/30WINNEBAGO INDUSTRIES INC

0.27%

of portfolio

Number of shares

20,220,000 sh

Holdings current value

$19.06M

Avg closing price

$0.93

Last action

Added 312.0%

2025Q4

Current —

SNAP 0 05/01/27SNAP INC

0.26%

of portfolio

Number of shares

19,576,000 sh

Holdings current value

$18.25M

Avg closing price

$0.83

Last action

Added 50.9%

2025Q4

Current —

SYNA 0.75 12/01/31SYNAPTICS INC

0.26%

of portfolio

Number of shares

17,250,000 sh

Holdings current value

$18.25M

Avg closing price

$1.06

Last action

New holding

2025Q4

Current —

ONITOCWEN FINL CORP

Financial Services·Mortgage Finance

0.25%

of portfolio

Number of shares

390,835 sh

Holdings current value

$17.90M

Avg closing price

$23.76

Last action

New holding

2025Q4

Current —

LIVN 2.5 03/15/29LIVANOVA PLC

0.25%

of portfolio

Number of shares

15,285,000 sh

Holdings current value

$17.73M

Avg closing price

$1.00

Last action

Added 1.3%

2025Q4

Current —

PPL 2.875 03/15/28PPL CAP FDG INC

0.25%

of portfolio

Number of shares

15,672,000 sh

Holdings current value

$17.22M

Avg closing price

$1.09

Last action

Trimmed 0.4%

2025Q4

Current —

AVAV 0 07/15/30AEROVIRONMENT INC

0.24%

of portfolio

Number of shares

15,763,000 sh

Holdings current value

$17.14M

Avg closing price

$1.24

Last action

Trimmed 11.3%

2025Q4

Current —

TTEK 2.25 08/15/28TETRA TECH INC NEW

0.24%

of portfolio

Number of shares

15,289,000 sh

Holdings current value

$16.63M

Avg closing price

$1.13

Last action

Added 28.4%

2025Q4

Current —

CMS 3.375 05/01/28CMS ENERGY CORP

0.23%

of portfolio

Number of shares

15,199,000 sh

Holdings current value

$16.29M

Avg closing price

$1.08

Last action

Trimmed 12.4%

2025Q4

Current —

SMRTSMARTRENT INC

Technology·Software - Application

0.22%

of portfolio

Number of shares

7,505,294 sh

Holdings current value

$15.16M

Avg closing price

$3.21

Last action

Added 71.4%

2023Q1

Current —

HAE 0 03/01/26HAEMONETICS CORP MASS

0.21%

of portfolio

Number of shares

15,030,000 sh

Holdings current value

$14.92M

Avg closing price

$0.93

Last action

Added 62.6%

2025Q4

Current —

JAZZ 3.125 09/15/30JAZZ PHARMACEUTICALS PLC

0.20%

of portfolio

Number of shares

10,600,000 sh

Holdings current value

$14.14M

Avg closing price

$1.19

Last action

Trimmed 36.5%

2025Q4

Current —

WEC 4.375 06/01/29WEC ENERGY GROUP INC

0.20%

of portfolio

Number of shares

11,957,000 sh

Holdings current value

$13.98M

Avg closing price

$1.19

Last action

Trimmed 3.7%

2025Q4

Current —

LNTH 2.625 12/15/27LANTHEUS HLDGS INC

0.19%

of portfolio

Number of shares

11,525,000 sh

Holdings current value

$13.23M

Avg closing price

$1.10

Last action

Added 83.7%

2025Q4

Current —

OPTUALTICE USA INC

Communication Services·Telecom Services

0.18%

of portfolio

Number of shares

7,500,000 sh

Holdings current value

$12.38M

Avg closing price

$2.13

Last action

Added 26.3%

2024Q3

Current —

SNAP 0.125 03/01/28SNAP INC

0.17%

of portfolio

Number of shares

13,422,000 sh

Holdings current value

$12.18M

Avg closing price

$0.82

Last action

Trimmed 12.5%

2025Q4

Current —

BAND 0.5 04/01/28BANDWIDTH INC

0.17%

of portfolio

Number of shares

13,650,000 sh

Holdings current value

$11.92M

Avg closing price

$0.83

Last action

Added 58.2%

2025Q4

Current —

BXMT 5.5 03/15/27BLACKSTONE MORTGAGE TRUST IN

0.17%

of portfolio

Number of shares

11,999,000 sh

Holdings current value

$11.89M

Avg closing price

$0.95

Last action

Added 72.9%

2025Q4

Current —

RDFN 0.5 04/01/27REDFIN CORP 0.500 04/01/27 CVT

0.16%

of portfolio

Number of shares

11,841,000 sh

Holdings current value

$11.14M

Avg closing price

$0.86

Last action

Added 45.8%

2025Q4

Current —

PMT 5.5 03/15/26PENNYMAC MORTGAGE INVESTMENT TRUST

0.16%

of portfolio

Number of shares

10,935,000 sh

Holdings current value

$10.95M

Avg closing price

$0.98

Last action

Added 102.1%

2025Q4

Current —

ENPH 0 03/01/26ENPHASE ENERGY INC

0.15%

of portfolio

Number of shares

10,911,000 sh

Holdings current value

$10.80M

Avg closing price

$0.95

Last action

Trimmed 16.5%

2025Q4

Current —

COIN 0.25 04/01/30COINBASE GLOBAL INC

0.15%

of portfolio

Number of shares

10,510,000 sh

Holdings current value

$10.79M

Avg closing price

$1.21

Last action

Trimmed 19.2%

2025Q4

Current —

RGEN 1 12/15/28REPLIGEN CORP

0.15%

of portfolio

Number of shares

9,830,000 sh

Holdings current value

$10.79M

Avg closing price

$1.02

Last action

Added 11.4%

2025Q4

Current —

FLR 1.125 08/15/29FLUOR CORP 1.125 08/15/29 CVT

0.15%

of portfolio

Number of shares

9,371,000 sh

Holdings current value

$10.70M

Avg closing price

$1.19

Last action

Trimmed 10.5%

2025Q4

Current —

MGNI 0.25 03/15/26MAGNITE INC

0.15%

of portfolio

Number of shares

10,305,000 sh

Holdings current value

$10.22M

Avg closing price

$0.94

Last action

Added 55.3%

2025Q4

Current —

LYV 2.875 01/15/30LIVE NATION ENTERTAINMENT INC

0.14%

of portfolio

Number of shares

9,670,000 sh

Holdings current value

$10.18M

Avg closing price

$1.05

Last action

New holding

2025Q4

Current —

ZD 1.75 11/01/26ZIFF DAVIS INC

0.14%

of portfolio

Number of shares

10,091,000 sh

Holdings current value

$9.89M

Avg closing price

$0.95

Last action

Added 58.3%

2025Q4

Current —

LCII 1.125 05/15/26LCI INDS

0.14%

of portfolio

Number of shares

9,927,000 sh

Holdings current value

$9.80M

Avg closing price

$0.97

Last action

Added 55.0%

2025Q4

Current —

CALY 2.75 05/01/26TOPGOLF CALLAWAY BRANDS CORP

0.14%

of portfolio

Number of shares

9,596,000 sh

Holdings current value

$9.58M

Avg closing price

$0.99

Last action

Added 115.8%

2025Q4

Current —

EXEELCHESAPEAKE ENERGY CORPWT

0.14%

of portfolio

Number of shares

95,294 sh

Holdings current value

$9.50M

Avg closing price

$52.47

Last action

New holding

2024Q4

Current —

100

COGT 1.625 11/15/31COGENT BIOSCIENCES INC

0.13%

of portfolio

Number of shares

7,650,000 sh

Holdings current value

$8.99M

Avg closing price

$1.18

Last action

New holding

2025Q4

Current —

101

BHCBAUSCH HEALTH COS INC

Healthcare·Drug Manufacturers - Specialty & Generic

0.13%

of portfolio

Number of shares

1,270,000 sh

Holdings current value

$8.83M

Avg closing price

$8.22

-29.2%

Last action

Trimmed 2.3%

2024Q2

Current $5.82

102

ITRI 1.375 07/15/30ITRON INC

0.13%

of portfolio

Number of shares

8,700,000 sh

Holdings current value

$8.81M

Avg closing price

$1.01

Last action

New holding

2025Q4

Current —

103

U 0 11/15/26UNITY SOFTWARE INC

0.13%

of portfolio

Number of shares

9,076,000 sh

Holdings current value

$8.79M

Avg closing price

$0.92

Last action

Added 142.0%

2025Q4

Current —

104

FRPT 3 04/01/28FRESHPET INC

0.12%

of portfolio

Number of shares

7,300,000 sh

Holdings current value

$8.55M

Avg closing price

$1.14

Last action

Added 69.8%

2025Q4

Current —

105

MKSI 1.25 06/01/30MKS INC

0.11%

of portfolio

Number of shares

6,255,000 sh

Holdings current value

$7.99M

Avg closing price

$1.02

Last action

Trimmed 62.6%

2025Q4

Current —

106

DDOG 0 12/01/29DATADOG INC

0.11%

of portfolio

Number of shares

7,499,000 sh

Holdings current value

$7.51M

Avg closing price

$1.00

Last action

New holding

2025Q4

Current —

107

RWT 7.75 06/15/27REDWOOD TRUST INC 7.750 06/15/27 CVT

0.11%

of portfolio

Number of shares

7,456,000 sh

Holdings current value

$7.44M

Avg closing price

$1.00

Last action

Added 33.5%

2025Q4

Current —

108

GPRE 2.25 03/15/27GREEN PLAINS INC

0.11%

of portfolio

Number of shares

7,677,000 sh

Holdings current value

$7.39M

Avg closing price

$1.02

Last action

New holding

2025Q4

Current —

109

MXMAGNACHIP SEMICONDUCTOR CORP

0.10%

of portfolio

Number of shares

2,849,858 sh

Holdings current value

$7.27M

Avg closing price

$10.32

Last action

Added 23.9%

2023Q2

Current —

110

UPST 0.25 08/15/26UPSTART HOLDINGS INC

0.10%

of portfolio

Number of shares

7,199,000 sh

Holdings current value

$6.97M

Avg closing price

$0.79

Last action

Trimmed 37.1%

2025Q4

Current —

111

UPWK 0.25 08/15/26UPWORK INC

0.10%

of portfolio

Number of shares

7,038,000 sh

Holdings current value

$6.88M

Avg closing price

$0.94

Last action

Added 51.5%

2025Q4

Current —

112

BSY 0.375 07/01/27BENTLEY SYS INC

0.09%

of portfolio

Number of shares

6,730,000 sh

Holdings current value

$6.35M

Avg closing price

$0.78

Last action

Added 256.8%

2025Q4

Current —

113

NEO 0.25 01/15/28NEOGENOMICS INC

0.09%

of portfolio

Number of shares

7,098,000 sh

Holdings current value

$6.34M

Avg closing price

$0.87

Last action

Added 80.6%

2025Q4

Current —

114

G9001E102LIBERTY LATIN AMERICA LTD

0.09%

of portfolio

Number of shares

839,020 sh

Holdings current value

$6.20M

Avg closing price

$8.29

Last action

Trimmed 0.9%

2025Q4

Current —

115

VERX 0.75 05/01/29VERTEX INC

0.09%

of portfolio

Number of shares

6,507,000 sh

Holdings current value

$6.18M

Avg closing price

$1.02

Last action

Trimmed 10.2%

2025Q4

Current —

116

CRNC 1.5 07/01/28CERENCE INC

0.08%

of portfolio

Number of shares

6,605,000 sh

Holdings current value

$5.96M

Avg closing price

$0.81

Last action

Added 62.6%

2025Q4

Current —

117

XYZ 0.25 11/01/27BLOCK INC

0.08%

of portfolio

Number of shares

5,935,000 sh

Holdings current value

$5.51M

Avg closing price

$0.91

Last action

Added 76.1%

2025Q4

Current —

118

SHAK 0 03/01/28SHAKE SHACK INC

0.08%

of portfolio

Number of shares

5,686,000 sh

Holdings current value

$5.39M

Avg closing price

$0.77

Last action

Trimmed 51.5%

2025Q4

Current —

119

MITK 0.75 02/01/26MITEK SYS INC

0.08%

of portfolio

Number of shares

5,374,000 sh

Holdings current value

$5.33M

Avg closing price

$0.98

Last action

New holding

2025Q4

Current —

120

NTNX 0.5 12/15/29NUTANIX INC

0.07%

of portfolio

Number of shares

5,436,000 sh

Holdings current value

$5.26M

Avg closing price

$0.97

Last action

New holding

2025Q4

Current —

121

AFRM 0 11/15/26AFFIRM HLDGS INC

0.07%

of portfolio

Number of shares

5,225,000 sh

Holdings current value

$5.04M

Avg closing price

$0.82

Last action

Added 21.8%

2025Q4

Current —

122

PENN 2.75 05/15/26PENN ENTERTAINMENT INC

0.07%

of portfolio

Number of shares

4,952,000 sh

Holdings current value

$4.91M

Avg closing price

$0.99

Last action

New holding

2025Q4

Current —

123

SO 4.5 06/15/27SOUTHERN CO/THE

0.07%

of portfolio

Number of shares

4,557,000 sh

Holdings current value

$4.87M

Avg closing price

$1.11

Last action

Trimmed 66.1%

2025Q3

Current —

124

HDBHDFC BANK LTDADR

Financial Services·Banks - Regional

0.07%

of portfolio

Number of shares

130,441 sh

Holdings current value

$4.77M

Avg closing price

$49.60

Last action

Trimmed 13.7%

2025Q4

Current —

125

MSTR 0 12/01/29STRATEGY INC

0.07%

of portfolio

Number of shares

5,763,000 sh

Holdings current value

$4.75M

Avg closing price

$0.82

Last action

New holding

2025Q4

Current —

126

SNAP 0.75 08/01/26SNAP INC

0.05%

of portfolio

Number of shares

3,767,000 sh

Holdings current value

$3.65M

Avg closing price

$0.86

Last action

Added 82.6%

2025Q4

Current —

127

ZD 3.625 03/01/28ZIFF DAVIS INCPRIV

0.05%

of portfolio

Number of shares

3,496,000 sh

Holdings current value

$3.43M

Avg closing price

$0.98

Last action

Added 158.8%

2025Q4

Current —

128

AWK 3.625 06/15/26AMERICAN WATER CAPITAL CORP

0.05%

of portfolio

Number of shares

3,426,000 sh

Holdings current value

$3.42M

Avg closing price

$1.00

Last action

New holding

2025Q4

Current —

129

BATLBATTALION OIL CORP

0.05%

of portfolio

Number of shares

3,009,912 sh

Holdings current value

$3.40M

Avg closing price

$10.87

Last action

Trimmed 0.1%

2025Q4

Current —

130

TWO 6.25 01/15/26TWO HARBORS INVESTMENT CORP

0.05%

of portfolio

Number of shares

3,298,000 sh

Holdings current value

$3.29M

Avg closing price

$0.98

Last action

Trimmed 11.4%

2025Q4

Current —

131

BILL 0 04/01/27BILL HOLDINGS INC

0.04%

of portfolio

Number of shares

3,306,000 sh

Holdings current value

$3.14M

Avg closing price

$0.92

Last action

Trimmed 1.5%

2025Q4

Current —

132

L01800116ALVOTECH SA

0.04%

of portfolio

Number of shares

4,666,667 sh

Holdings current value

$3.03M

Avg closing price

$0.84

Last action

New holding

2022Q2

Current —

133

F 0 03/15/26FORD MTR CO DEL

0.04%

of portfolio

Number of shares

2,900,000 sh

Holdings current value

$3.02M

Avg closing price

$1.09

Last action

New holding

2025Q4

Current —

134

BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC

0.04%

of portfolio

Number of shares

2,550,000 sh

Holdings current value

$2.87M

Avg closing price

$0.87

Last action

Trimmed 76.3%

2025Q4

Current —

135

POST 2.5 08/15/27POST HLDGS INC

0.04%

of portfolio

Number of shares

2,650,000 sh

Holdings current value

$2.86M

Avg closing price

$1.10

Last action

Added 103.8%

2025Q4

Current —

136

ON 0 05/01/27ON SEMICONDUCTOR CORP

0.03%

of portfolio

Number of shares

1,950,000 sh

Holdings current value

$2.33M

Avg closing price

$1.11

Last action

Added 56.0%

2025Q2

Current —

137

NTNX 0.25 10/01/27NUTANIX INC

0.03%

of portfolio

Number of shares

2,000,000 sh

Holdings current value

$2.25M

Avg closing price

$0.96

Last action

New holding

2025Q4

Current —

138

WT 3.25 08/15/29WISDOMTREE INC 3.250 08/15/29 CVT

0.03%

of portfolio

Number of shares

1,850,000 sh

Holdings current value

$2.23M

Avg closing price

$1.20

Last action

New holding

2025Q4

Current —

139

DBX 0 03/01/26DROPBOX INC

0.03%

of portfolio

Number of shares

2,175,000 sh

Holdings current value

$2.16M

Avg closing price

$0.88

Last action

New holding

2025Q4

Current —

140

L01800108ALVOTECH

0.03%

of portfolio

Number of shares

533,656 sh

Holdings current value

$2.02M

Avg closing price

$9.25

Last action

Trimmed 65.9%

2025Q4

Current —

141

CAKE 0.375 06/15/26CHEESECAKE FACTORY INC/THE

0.03%

of portfolio

Number of shares

1,960,000 sh

Holdings current value

$1.94M

Avg closing price

$0.86

Last action

New holding

2025Q4

Current —

142

GRPN 1.125 03/15/26GROUPON INC

0.03%

of portfolio

Number of shares

1,874,000 sh

Holdings current value

$1.86M

Avg closing price

$0.91

Last action

Trimmed 21.3%

2025Q4

Current —

143

MTN 0 01/01/26VAIL RESORTS INC

0.03%

of portfolio

Number of shares

1,819,000 sh

Holdings current value

$1.82M

Avg closing price

$0.96

Last action

Trimmed 70.1%

2025Q4

Current —

144

DOCN 0 12/01/26DIGITALOCEAN HOLDINGS INC

0.03%

of portfolio

Number of shares

1,880,000 sh

Holdings current value

$1.82M

Avg closing price

$0.78

Last action

Trimmed 7.4%

2025Q4

Current —

145

BL 0 03/15/26BLACKLINE INC

0.03%

of portfolio

Number of shares

1,816,000 sh

Holdings current value

$1.80M

Avg closing price

$0.73

Last action

New holding

2025Q4

Current —

146

NEE 3 03/01/27NEXTERA ENERGY CAP HLDGS INC

0.02%

of portfolio

Number of shares

1,292,000 sh

Holdings current value

$1.61M

Avg closing price

$1.16

Last action

Trimmed 82.9%

2025Q4

Current —

147

CELC 2.75 08/01/31CELCUITY INC

0.02%

of portfolio

Number of shares

700,000 sh

Holdings current value

$1.52M

Avg closing price

$2.17

Last action

New holding

2025Q4

Current —

148

FSLY 7.75 06/01/28FASTLY INC

0.02%

of portfolio

Number of shares

1,353,000 sh

Holdings current value

$1.50M

Avg closing price

$1.11

Last action

New holding

2025Q4

Current —

149

VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC

0.02%

of portfolio

Number of shares

1,651,000 sh

Holdings current value

$1.49M

Avg closing price

$0.90

Last action

New holding

2025Q4

Current —

150

SPOT 0 03/15/26SPOTIFY USA INC

0.02%

of portfolio

Number of shares

1,300,000 sh

Holdings current value

$1.48M

Avg closing price

$0.57

Last action

New holding

2025Q4

Current —

151

TCOM 0.75 06/15/29TRIP.COM GROUP LTD

0.02%

of portfolio

Number of shares

1,189,000 sh

Holdings current value

$1.47M

Avg closing price

$1.12

Last action

Trimmed 71.9%

2025Q4

Current —

152

HLF 4.25 06/15/28HERBALIFE LTD

0.02%

of portfolio

Number of shares

1,242,000 sh

Holdings current value

$1.35M

Avg closing price

$0.86

Last action

Trimmed 56.4%

2025Q4

Current —

153

MSTR 0.875 03/15/31STRATEGY INC

0.02%

of portfolio

Number of shares

1,300,000 sh

Holdings current value

$1.34M

Avg closing price

$1.03

Last action

New holding

2025Q4

Current —

154

LYFT 0.625 03/01/29LYFT INC

0.02%

of portfolio

Number of shares

1,100,000 sh

Holdings current value

$1.33M

Avg closing price

$0.97

Last action

New holding

2025Q3

Current —

155

PSN 2.625 03/01/29PARSONS CORP

0.02%

of portfolio

Number of shares

1,160,000 sh

Holdings current value

$1.20M

Avg closing price

$1.09

Last action

Trimmed 91.0%

2025Q4

Current —

156

AFRM 0.75 12/15/29AFFIRM HOLDINGS INC

0.01%

of portfolio

Number of shares

927,000 sh

Holdings current value

$1.03M

Avg closing price

$1.11

Last action

New holding

2025Q4

Current —

157

TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST

0.01%

of portfolio

Number of shares

1,000,000 sh

Holdings current value

$1.01M

Avg closing price

$1.06

Last action

New holding

2025Q4

Current —

158

ASND 2.25 04/01/28ASCENDIS PHARMA A/S

0.01%

of portfolio

Number of shares

700,000 sh

Holdings current value

$994.3K

Avg closing price

$1.14

Last action

Trimmed 30.0%

2025Q4

Current —

159

RNG 0 03/15/26RINGCENTRAL INC

0.01%

of portfolio

Number of shares

984,000 sh

Holdings current value

$974.7K

Avg closing price

$0.99

Last action

New holding

2025Q4

Current —

160

HAE 2.5 06/01/29HAEMONETICS CORP

0.01%

of portfolio

Number of shares

902,000 sh

Holdings current value

$938.7K

Avg closing price

$1.00

Last action

New holding

2025Q4

Current —

161

FSLY 0 03/15/26FASTLY INC

0.01%

of portfolio

Number of shares

863,000 sh

Holdings current value

$850.1K

Avg closing price

$0.35

Last action

Trimmed 36.3%

2025Q4

Current —

162

GLAD 5.875 10/01/30GLADSTONE CAPITAL CORP

0.01%

of portfolio

Number of shares

754,000 sh

Holdings current value

$738.9K

Avg closing price

$0.98

Last action

New holding

2025Q4

Current —

163

GH 0 11/15/27GUARDANT HEALTH INC

0.01%

of portfolio

Number of shares

555,000 sh

Holdings current value

$599.7K

Avg closing price

$0.80

Last action

Trimmed 88.1%

2025Q4

Current —

164

PTON 0 02/15/26PELOTON INTERACTIVE INC

0.01%

of portfolio

Number of shares

559,000 sh

Holdings current value

$552.7K

Avg closing price

$0.76

Last action

Trimmed 58.7%

2025Q4

Current —

165

BTAIBIOXCEL THERAPEUTICS INC

0.01%

of portfolio

Number of shares

241,188 sh

Holdings current value

$385.9K

Avg closing price

$1.81

Last action

New holding

2025Q2

Current —

166

G7553X114RICE ACQUISITION CORP 3

0.00%

of portfolio

Number of shares

399,999 sh

Holdings current value

$320.0K

Avg closing price

$0.80

Last action

New holding

2025Q4

Current —

Portfolio heatmap

Box size = % of portfolio · color = return since filing

EXE

7.95% · -11.8%

TORM PLC

7.50%

ANGLOGOLD ASHANTI PLC

4.67%

GTX

4.24%

INDIVIOR PLC

3.63%

FTAI AVIATION LTD

1.45%

ITUB

1.41%

LIBERTY GLOBAL LTD

1.36%

142 more

31.52%

Sector exposure

Share of dollar value across the latest 13F report. Unclassified positions excluded.

Energy4 pos$870.6M29.2%
Basic Materials6 pos$359.1M12.0%
Technology5 pos$315.3M10.6%
Consumer Cyclical1 pos$298.0M10.0%
Financial Services6 pos$283.0M9.5%
Communication Services5 pos$260.7M8.7%
Utilities2 pos$205.4M6.9%
Real Estate2 pos$162.3M5.4%
Industrials1 pos$82.9M2.8%
Consumer Defensive1 pos$78.9M2.6%
Healthcare2 pos$66.6M2.2%

(51.6% unclassified, excluded from %)