RWC Asset Management LLP
CIK 0001520478
Annualised vol
9.311707%
Beta
0.365645
HHI
290.646898
Top-10 weight
44.584375%
VaR 95%
0.826162%
VaR 99%
1.583378%
Max drawdown
18.581818%
Matched value
68.522947%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| KHC | ADDED | 6,998,616 | 4,847,820 | 44.37% | 165,307,310 |
| CMCSA | ADDED | 6,646,575 | 6,057,552 | 9.72% | 163,173,416 |
| HPQ | ADDED | 6,471,380 | 6,227,334 | 3.92% | 141,982,077 |
| EXC | REDUCED | 1,592,781 | 1,637,852 | -2.75% | 74,255,450 |
| BAX | ADDED | 3,329,168 | 3,077,569 | 8.18% | 70,977,862 |
| JNJ | ADDED | 262,139 | 257,155 | 1.94% | 66,575,442 |
| OMC | ADDED | 795,132 | 722,861 | 10.0% | 57,909,464 |
| VIST | ADDED | 805,548 | 600,300 | 34.19% | 51,393,962 |
| SYY | ADDED | 520,035 | 510,039 | 1.96% | 43,464,525 |
| CMS | ADDED | 7,579,884 | 7,044,309 | 7.6% | 41,091,178 |
| KDP | ADDED | 1,249,198 | 1,225,366 | 1.94% | 40,886,251 |
| GFI | REDUCED | 1,131,408 | 1,332,371 | -15.08% | 38,003,995 |
| PAYX | ADDED | 329,670 | 323,416 | 1.93% | 32,416,451 |
| PM | ADDED | 177,837 | 174,315 | 2.02% | 32,172,492 |
| YPF | ADDED | 660,589 | 77,205 | 755.63% | 30,036,982 |
| NEE | REDUCED | 341,499 | 365,358 | -6.53% | 29,973,367 |
| D | REDUCED | 419,724 | 442,308 | -5.11% | 28,662,952 |
| PCG | ADDED | 5,457,347 | 4,886,669 | 11.68% | 27,750,948 |
| MRK | ADDED | 209,086 | 205,090 | 1.95% | 26,867,551 |
| SO | ADDED | 13,062,737 | 7,209,352 | 81.19% | 24,105,289 |
| TEL | ADDED | 116,476 | 81,442 | 43.02% | 23,482,726 |
| PEP | ADDED | 170,924 | 167,681 | 1.93% | 23,143,110 |
| VALE | REDUCED | 1,500,372 | 2,185,070 | -31.34% | 22,565,595 |
| EMBJ | ADDED | 336,491 | 332,460 | 1.21% | 21,468,126 |
| CEG | REDUCED | 80,723 | 109,232 | -26.1% | 20,049,172 |
| MELI | ADDED | 11,009 | 10,844 | 1.52% | 18,686,567 |
| WEC | ADDED | 16,005,000 | 8,800,000 | 81.88% | 18,365,638 |
| OC | ADDED | 115,381 | 87,079 | 32.5% | 18,340,964 |
| UBER | ADDED | 14,742,000 | 8,197,000 | 79.85% | 17,415,672 |
| CWEN | ADDED | 502,780 | 478,956 | 4.97% | 17,185,020 |
| DAL | REDUCED | 182,031 | 228,358 | -20.29% | 17,049,023 |
| TEO | ADDED | 1,283,341 | 1,283,033 | 0.02% | 16,683,433 |
| VSNT | ADDED | 458,188 | 416,499 | 10.01% | 16,499,350 |
| TLN | ADDED | 41,994 | 25,518 | 64.57% | 16,136,614 |
| HUBB | REDUCED | 30,338 | 32,159 | -5.66% | 15,872,842 |
| LEA | REDUCED | 117,819 | 637,581 | -81.52% | 15,794,815 |
| SYF | ADDED | 201,568 | 183,121 | 10.07% | 15,329,246 |
| FRVO | NEW | 512,863 | - | - | 14,990,985 |
| FE | NEW | 12,915,000 | - | - | 14,365,355 |
| AKAM | REDUCED | 11,345,000 | 17,142,000 | -33.82% | 13,632,776 |
| AQN | ADDED | 2,317,719 | 2,231,500 | 3.86% | 13,581,833 |
| CHRD | ADDED | 117,533 | 106,817 | 10.03% | 13,434,022 |
| LNT | ADDED | 5,994,509 | 67,378 | 8796.83% | 11,555,380 |
| TECK | REDUCED | 186,597 | 190,120 | -1.85% | 11,095,058 |
| SUPV | UNCHANGED | 1,112,069 | 1,112,069 | 0.0% | 10,742,587 |
| XEL | REDUCED | 132,305 | 134,565 | -1.68% | 10,624,092 |
| ORA | REDUCED | 97,289 | 99,433 | -2.16% | 10,594,772 |
| INFY | NEW | 957,414 | - | - | 10,043,273 |
| JD | REDUCED | 10,007,000 | 10,525,000 | -4.92% | 9,844,486 |
| GME | NEW | 9,045,000 | - | - | 9,239,377 |
| VST | REDUCED | 56,366 | 57,290 | -1.61% | 8,941,339 |
| AVA | REDUCED | 216,488 | 255,371 | -15.23% | 8,856,524 |
| ES | REDUCED | 112,645 | 114,540 | -1.65% | 8,140,854 |
| DTE | REDUCED | 50,366 | 51,210 | -1.65% | 7,674,267 |
| AES | REDUCED | 464,123 | 470,841 | -1.43% | 6,804,043 |
| AEE | REDUCED | 59,601 | 60,309 | -1.17% | 6,737,297 |
| RUN | ADDED | 497,268 | 415,562 | 19.66% | 6,653,446 |
| SNOW | NEW | 3,955,000 | - | - | 6,597,375 |
| COIN | REDUCED | 7,019,000 | 9,420,000 | -25.49% | 6,304,992 |
| NET | REDUCED | 4,806,000 | 6,098,000 | -21.19% | 6,204,622 |
| ETSY | ADDED | 5,781,000 | 1,170,000 | 394.1% | 6,129,830 |
| JXN | ADDED | 58,510 | 53,221 | 9.94% | 5,990,839 |
| DASH | NEW | 5,422,000 | - | - | 5,347,393 |
| CNP | REDUCED | 3,553,000 | 4,760,000 | -25.36% | 4,289,004 |
| ON | ADDED | 3,469,000 | 2,643,000 | 31.25% | 4,196,432 |
| TCOM | ADDED | 3,730,000 | 3,473,000 | 7.4% | 3,670,730 |
| VEON | ADDED | 68,207 | 38,040 | 79.3% | 3,561,087 |
| SMCI | NEW | 3,910,000 | - | - | 3,537,850 |
| BBIO | REDUCED | 3,115,000 | 3,291,000 | -5.35% | 3,460,547 |
| SITM | NEW | 3,007,000 | - | - | 3,340,221 |
| HSLV | REDUCED | 669,956 | 692,334 | -3.23% | 3,144,956 |
| NTNX | ADDED | 2,570,000 | 1,627,000 | 57.96% | 2,903,303 |
| ITRI | ADDED | 2,229,263 | 1,096,263 | 103.35% | 2,762,603 |
| LYFT | ADDED | 1,955,000 | 1,812,000 | 7.89% | 2,049,524 |
| BZ | REDUCED | 142,786 | 856,154 | -83.32% | 1,837,656 |
| RVMD | NEW | 1,277,000 | - | - | 1,612,723 |
| DDOG | REDUCED | 1,104,000 | 2,516,000 | -56.12% | 1,570,622 |
| IRTC | REDUCED | 1,402,000 | 1,473,000 | -4.82% | 1,546,714 |
| TVTX | NEW | 1,281,000 | - | - | 1,506,097 |
| TTEK | ADDED | 1,101,253 | 1,082,253 | 1.76% | 1,501,490 |
| U | NEW | 1,306,000 | - | - | 1,479,927 |
| GH | REDUCED | 1,175,000 | 1,260,866 | -6.81% | 1,463,709 |
| FLR | REDUCED | 1,088,000 | 1,165,000 | -6.61% | 1,443,689 |
| GOOGL | NEW | 23,000 | - | - | 1,170,470 |
| JOBY | REDUCED | 1,256,000 | 1,276,000 | -1.57% | 1,142,916 |
| AVAV | UNCHANGED | 1,200,000 | 1,200,000 | 0.0% | 1,139,886 |
| NOG | UNCHANGED | 1,060,000 | 1,060,000 | 0.0% | 1,016,625 |
| VZ | REDUCED | 22,211 | 22,465 | -1.13% | 940,414 |
| WTS | UNCHANGED | 2,232 | 2,232 | 0.0% | 873,716 |
| PL | REDUCED | 22,267 | 26,607 | -16.31% | 737,706 |
| CLH | ADDED | 2,323 | 2,237 | 3.84% | 693,996 |
| ECL | ADDED | 2,429 | 2,194 | 10.71% | 676,744 |
| DE | ADDED | 835 | 750 | 11.33% | 529,666 |
| BALL | ADDED | 7,944 | 7,033 | 12.95% | 495,706 |
| TRMB | UNCHANGED | 9,493 | 9,493 | 0.0% | 485,852 |
| XYL | REDUCED | 3,949 | 5,425 | -27.21% | 466,811 |
| VLTO | NEW | 5,172 | - | - | 458,653 |
| MSTR | REDUCED | 415,000 | 5,968,000 | -93.05% | 429,442 |
| KOS | REDUCED | 148,128 | 292,513 | -49.36% | 312,550 |
| HALO | NEW | 201,000 | - | - | 294,733 |
| BMI | ADDED | 1,928 | 1,762 | 9.42% | 286,077 |
| ACM | UNCHANGED | 4,069 | 4,069 | 0.0% | 284,016 |
| SM | ADDED | 9,086 | 8,445 | 7.59% | 237,145 |
| KAI | UNCHANGED | 746 | 746 | 0.0% | 234,416 |
| CPRT | UNCHANGED | 7,386 | 7,386 | 0.0% | 208,211 |
| SYNA | CLOSED OUT | 0 | 1,251,000 | -100.0% | 0 |
| TAP | CLOSED OUT | 0 | 1,182,587 | -100.0% | 0 |
| RIOT | CLOSED OUT | 0 | 1,170,000 | -100.0% | 0 |
| JBLU | CLOSED OUT | 0 | 356,000 | -100.0% | 0 |
| EYPT | CLOSED OUT | 0 | 17,652 | -100.0% | 0 |
| SIBN | CLOSED OUT | 0 | 14,710 | -100.0% | 0 |
| SYRE | CLOSED OUT | 0 | 8,166 | -100.0% | 0 |
| BSX | CLOSED OUT | 0 | 3,592 | -100.0% | 0 |
| CGON | CLOSED OUT | 0 | 3,295 | -100.0% | 0 |
| ABBV | CLOSED OUT | 0 | 3,126 | -100.0% | 0 |
| STN | CLOSED OUT | 0 | 2,472 | -100.0% | 0 |
| MIRM | CLOSED OUT | 0 | 2,341 | -100.0% | 0 |
| ABT | CLOSED OUT | 0 | 2,238 | -100.0% | 0 |
| GKOS | CLOSED OUT | 0 | 2,197 | -100.0% | 0 |
| UNH | CLOSED OUT | 0 | 856 | -100.0% | 0 |
| LLY | CLOSED OUT | 0 | 772 | -100.0% | 0 |
| TMO | CLOSED OUT | 0 | 718 | -100.0% | 0 |
| HCA | CLOSED OUT | 0 | 479 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | MACYS INC | COM | 55616P104 | 210,603,976 | 7.98 | 8942844.0 | |
| - | SMUCKER J M CO | COM NEW | 832696405 | 174,972,488 | 6.63 | 1555311.0 | |
| KHC | ADDED | KRAFT HEINZ CO | COM | 500754106 | 165,307,310 | 6.26 | 6998616.0 |
| CMCSA | ADDED | COMCAST CORP NEW | CL A | 20030N101 | 163,173,416 | 6.18 | 6646575.0 |
| HPQ | ADDED | HP INC | COM | 40434L105 | 141,982,077 | 5.38 | 6471380.0 |
| EXC | REDUCED | EXELON CORP | COM | 30161N101 | 74,255,450 | 2.81 | 1592781.0 |
| BAX | ADDED | BAXTER INTL INC | COM | 071813109 | 70,977,862 | 2.69 | 3329168.0 |
| JNJ | ADDED | JOHNSON & JOHNSON | COM | 478160104 | 66,575,442 | 2.52 | 262139.0 |
| OMC | ADDED | OMNICOM GROUP INC | COM | 681919106 | 57,909,464 | 2.19 | 795132.0 |
| VIST | ADDED | VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 | 51,393,962 | 1.95 | 805548.0 |
| - | SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 | 47,640,816 | 1.8 | 643447.0 | |
| SYY | ADDED | SYSCO CORP | COM | 871829107 | 43,464,525 | 1.65 | 520035.0 |
| - | GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 | 42,697,853 | 1.62 | 853445.0 | |
| - | PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 | 42,502,804 | 1.61 | 2630124.0 | |
| KDP | ADDED | KEURIG DR PEPPER INC | COM | 49271V100 | 40,886,251 | 1.55 | 1249198.0 |
| GFI | REDUCED | GOLD FIELDS LTD | SPONSORED ADR | 38059T106 | 38,003,995 | 1.44 | 1131408.0 |
| - | AMBEV SA | SPONSORED ADR | 02319V103 | 33,119,926 | 1.25 | 1.0547747E7 | |
| CMS | ADDED | CMS ENERGY CORP | COM | 125896100 | 33,115,626 | 1.25 | 432884.0 |
| PAYX | ADDED | PAYCHEX INC | COM | 704326107 | 32,416,451 | 1.23 | 329670.0 |
| - | AMERICAN TOWER CORP | COM | 03027X100 | 32,355,127 | 1.23 | 197806.0 | |
| PM | ADDED | PHILIP MORRIS INTL INC | COM | 718172109 | 32,172,492 | 1.22 | 177837.0 |
| YPF | ADDED | YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 | 30,036,982 | 1.14 | 660589.0 |
| NEE | REDUCED | NEXTERA ENERGY INC | COM | 65339F101 | 29,973,367 | 1.14 | 341499.0 |
| D | REDUCED | DOMINION ENERGY INC | COM | 25746U109 | 28,662,952 | 1.09 | 419724.0 |
| MRK | ADDED | MERCK & CO INC | COM | 58933Y105 | 26,867,551 | 1.02 | 209086.0 |
| - | WILLIAMS COS INC | COM | 969457100 | 26,167,680 | 0.99 | 352000.0 | |
| - | BRIXMOR PPTY GROUP INC | COM | 11120U105 | 26,058,599 | 0.99 | 826470.0 | |
| PCG | ADDED | PG&E CORP | COM | 69331C108 | 23,587,477 | 0.89 | 1402347.0 |
| TEL | ADDED | TE CONNECTIVITY PLC | ORD SHS | G87052109 | 23,482,726 | 0.89 | 116476.0 |
| - | PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 | 23,205,105 | 0.88 | 285918.0 | |
| PEP | ADDED | PEPSICO INC | COM | 713448108 | 23,143,110 | 0.88 | 170924.0 |
| VALE | REDUCED | VALE S A | SPONSORED ADS | 91912E105 | 22,565,595 | 0.85 | 1500372.0 |
| - | LOMA NEGRA C I A S A MTN 14 | SPONSORED ADS | 54150E104 | 22,506,257 | 0.85 | 1965612.0 | |
| - | FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 | 21,648,537 | 0.82 | 175377.0 | |
| EMBJ | ADDED | EMBRAER S.A. | SPONSORED ADS | 29082A107 | 21,468,126 | 0.81 | 336491.0 |
| CEG | REDUCED | CONSTELLATION ENERGY CORP | COM | 21037T109 | 20,049,172 | 0.76 | 80723.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 19,284,754 | 0.73 | 40381.0 | |
| MELI | ADDED | MERCADOLIBRE INC | COM | 58733R102 | 18,686,567 | 0.71 | 11009.0 |
| OC | ADDED | OWENS CORNING NEW | COM | 690742101 | 18,340,964 | 0.69 | 115381.0 |
| CWEN | ADDED | CLEARWAY ENERGY INC | CL C | 18539C204 | 17,185,020 | 0.65 | 502780.0 |
| DAL | REDUCED | DELTA AIR LINES INC | COM NEW | 247361702 | 17,049,023 | 0.65 | 182031.0 |
| TEO | ADDED | TELECOM ARGENTINA SA | SPON ADR REP B | 879273209 | 16,683,433 | 0.63 | 1283341.0 |
| VSNT | ADDED | VERSANT MEDIA GROUP INC | COM CL A | 925283103 | 16,499,350 | 0.62 | 458188.0 |
| TLN | ADDED | TALEN ENERGY CORP | COM | 87422Q109 | 16,136,614 | 0.61 | 41994.0 |
| HUBB | REDUCED | HUBBELL INC | COM | 443510607 | 15,872,842 | 0.6 | 30338.0 |
| LEA | REDUCED | LEAR CORP | COM NEW | 521865204 | 15,794,815 | 0.6 | 117819.0 |
| SYF | ADDED | SYNCHRONY FINANCIAL | COM | 87165B103 | 15,329,246 | 0.58 | 201568.0 |
| FRVO | NEW | FERVO ENERGY CO | CL A COM | 31556C106 | 14,990,985 | 0.57 | 512863.0 |
| FE | NEW | FIRSTENERGY CORP | NOTE 3.875% 1/1 | 337932AV9 | 14,365,355 | 0.54 | 1.2915E7 |
| - | DEVON ENERGY CORP NEW | COM | 25179M103 | 14,041,362 | 0.53 | 339820.0 | |
| AKAM | REDUCED | AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 | 13,632,776 | 0.52 | 1.1345E7 |
| AQN | ADDED | ALGONQUIN POWER & UTILITIES | COM | 015857105 | 13,581,833 | 0.51 | 2317719.0 |
| CHRD | ADDED | CHORD ENERGY CORPORATION | COM NEW | 674215207 | 13,434,022 | 0.51 | 117533.0 |
| TECK | REDUCED | TECK RESOURCES LTD | CL B | 878742204 | 11,095,058 | 0.42 | 186597.0 |
| SUPV | UNCHANGED | GRUPO SUPERVIELLE S.A. | SPONSORED ADR | 40054A108 | 10,742,587 | 0.41 | 1112069.0 |
| XEL | REDUCED | XCEL ENERGY INC | COM | 98389B100 | 10,624,092 | 0.4 | 132305.0 |
| ORA | REDUCED | ORMAT TECHNOLOGIES INC | COM | 686688102 | 10,594,772 | 0.4 | 97289.0 |
| WEC | ADDED | WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAR7 | 10,495,838 | 0.4 | 8465000.0 |
| SO | ADDED | SOUTHERN CO | COM | 842587107 | 10,311,508 | 0.39 | 107737.0 |
| INFY | NEW | INFOSYS LTD | SPONSORED ADR | 456788108 | 10,043,273 | 0.38 | 957414.0 |
| UBER | ADDED | UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 | 10,042,935 | 0.38 | 8365000.0 |
| JD | REDUCED | JD.COM INC | NOTE 0.250% 6/0 | 47215PAJ5 | 9,844,486 | 0.37 | 1.0007E7 |
| - | EPAM SYS INC | COM | 29414B104 | 9,212,138 | 0.35 | 116095.0 | |
| VST | REDUCED | VISTRA CORP | COM | 92840M102 | 8,941,339 | 0.34 | 56366.0 |
| AVA | REDUCED | AVISTA CORP | COM | 05379B107 | 8,856,524 | 0.34 | 216488.0 |
| GME | NEW | GAMESTOP CORP | NOTE 4/0 | 36467WAE9 | 8,820,464 | 0.33 | 8630000.0 |
| - | AMERICAN ELEC PWR CO INC | COM | 025537101 | 8,690,171 | 0.33 | 63520.0 | |
| ES | REDUCED | EVERSOURCE ENERGY | COM | 30040W108 | 8,140,854 | 0.31 | 112645.0 |
| SO | ADDED | SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 | 7,990,236 | 0.3 | 7225000.0 |
| CMS | ADDED | CMS ENERGY CORP | NOTE 3.375% 5/0 | 125896BX7 | 7,975,552 | 0.3 | 7147000.0 |
| WEC | ADDED | WEC ENERGY GROUP INC | NOTE 3.375% 6/0 | 92939UAT3 | 7,869,800 | 0.3 | 7540000.0 |
| DTE | REDUCED | DTE ENERGY CO | COM | 233331107 | 7,674,267 | 0.29 | 50366.0 |
| - | RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 | 7,666,258 | 0.29 | 6471000.0 | |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 7,557,849 | 0.29 | 78744.0 | |
| UBER | ADDED | UBER TECHNOLOGIES INC | NOTE 5/1 | 90353TAS9 | 7,372,737 | 0.28 | 6377000.0 |
| AES | REDUCED | AES CORP | COM | 00130H105 | 6,804,043 | 0.26 | 464123.0 |
| AEE | REDUCED | AMEREN CORP | COM | 023608102 | 6,737,297 | 0.26 | 59601.0 |
| RUN | ADDED | SUNRUN INC | COM | 86771W105 | 6,653,446 | 0.25 | 497268.0 |
| SNOW | NEW | SNOWFLAKE INC | NOTE 10/0 | 833445AB5 | 6,597,375 | 0.25 | 3955000.0 |
| LNT | ADDED | ALLIANT ENERGY CORP | NOTE 3.250% 5/3 | 018802AE8 | 6,481,408 | 0.25 | 5928000.0 |
| COIN | REDUCED | COINBASE GLOBAL INC | NOTE 0.250% 4/0 | 19260QAF4 | 6,304,992 | 0.24 | 7019000.0 |
| - | GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 | 6,120,038 | 0.23 | 6807000.0 | |
| JXN | ADDED | JACKSON FINANCIAL INC | COM CL A | 46817M107 | 5,990,839 | 0.23 | 58510.0 |
| NET | REDUCED | CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 | 5,808,585 | 0.22 | 4494000.0 |
| SO | ADDED | SOUTHERN CO | NOTE 3.250% 6/1 | 842587ED5 | 5,803,545 | 0.22 | 5730000.0 |
| - | NEXTERA ENERGY CAP HLDGS INC | NOTE 3.000% 3/0 | 65339KCY4 | 5,738,833 | 0.22 | 4354000.0 | |
| - | ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 | 5,363,290 | 0.2 | 4550000.0 | |
| DASH | NEW | DOORDASH INC | NOTE 5/1 | 25809KAB1 | 5,347,393 | 0.2 | 5422000.0 |
| - | AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 5,247,805 | 0.2 | 39883.0 | |
| - | PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 | 5,111,933 | 0.19 | 4500000.0 | |
| LNT | ADDED | ALLIANT ENERGY CORP | COM | 018802108 | 5,073,972 | 0.19 | 66509.0 |
| ETSY | ADDED | ETSY INC | NOTE 0.125%10/0 | 29786AAJ5 | 4,645,441 | 0.18 | 4526000.0 |
| - | WASTE MGMT INC DEL | COM | 94106L109 | 4,510,200 | 0.17 | 20236.0 | |
| - | LIVE NATION ENTERTAINMENT IN | NOTE 2.875% 1/1 | 538034BC2 | 4,483,400 | 0.17 | 3740000.0 | |
| CNP | REDUCED | CENTERPOINT ENERGY INC | NOTE 4.250% 8/1 | 15189TBD8 | 4,289,004 | 0.16 | 3553000.0 |
| ON | ADDED | ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 | 4,196,432 | 0.16 | 3469000.0 |
| PCG | ADDED | PG&E CORP | NOTE 4.250%12/0 | 69331CAL2 | 4,163,471 | 0.16 | 4055000.0 |
| TCOM | ADDED | TRIP COM GROUP LTD | NOTE 0.750% 6/1 | 89677QAB3 | 3,670,730 | 0.14 | 3730000.0 |
| - | PINNACLE WEST CAP CORP | NOTE 4.750% 6/1 | 723484AK7 | 3,593,660 | 0.14 | 3003000.0 | |
| VEON | ADDED | VEON LTD | SPONSORED ADS | 91822M502 | 3,561,087 | 0.13 | 68207.0 |
| BBIO | REDUCED | BRIDGEBIO PHARMA INC | NOTE 2.250% 2/0 | 10806XAD4 | 3,460,547 | 0.13 | 3115000.0 |
| SITM | NEW | SITIME CORP | NOTE 6/1 | 82982TAA4 | 3,340,221 | 0.13 | 3007000.0 |
| HSLV | REDUCED | HIGHLANDER SILVER CORP | COM | 43087N204 | 3,144,956 | 0.12 | 669956.0 |
| NTNX | ADDED | NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 | 2,903,303 | 0.11 | 2570000.0 |
| SMCI | NEW | SUPER MICRO COMPUTER INC | NOTE 6/1 | 86800UAF1 | 2,748,265 | 0.1 | 3103000.0 |
| - | IRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 450047303 | 2,405,784 | 0.09 | 155815.0 | |
| - | CYBERARK SOFTWARE LTD | NOTE 6/1 | 23248VAD7 | 2,331,014 | 0.09 | 1400000.0 | |
| - | GRUPO AEROMEXICO SAB DE CV | SPONSORED ADS | 40054J109 | 2,238,300 | 0.08 | 124350.0 | |
| ITRI | ADDED | ITRON INC | NOTE 1.375% 7/1 | 465741AQ9 | 2,220,666 | 0.08 | 2223000.0 |
| - | PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 | 2,196,624 | 0.08 | 2223000.0 | |
| LYFT | ADDED | LYFT INC | NOTE 0.625% 3/0 | 55087PAD6 | 2,049,524 | 0.08 | 1955000.0 |
| - | CORPORACION AMER ARPTS S A | COM | L1995B107 | 1,898,245 | 0.07 | 75387.0 | |
| BZ | REDUCED | KANZHUN LIMITED | SPONSORED ADS | 48553T106 | 1,837,656 | 0.07 | 142786.0 |
| - | MERIT MED SYS INC | NOTE 3.000% 2/0 | 589889AB0 | 1,634,185 | 0.06 | 1515000.0 | |
| RVMD | NEW | REVOLUTION MEDICINES INC | NOTE 0.500% 5/0 | 76155XAA8 | 1,612,723 | 0.06 | 1277000.0 |
| - | LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 | 1,589,949 | 0.06 | 1088000.0 | |
| DDOG | REDUCED | DATADOG INC | NOTE 12/0 | 23804LAD5 | 1,570,622 | 0.06 | 1104000.0 |
| - | ARROWHEAD PHARMACEUTICALS IN | NOTE 1/1 | 04280AAC4 | 1,569,184 | 0.06 | 1307000.0 | |
| IRTC | REDUCED | IRHYTHM HOLDINGS INC | NOTE 1.500% 9/0 | 450056AB2 | 1,546,714 | 0.06 | 1402000.0 |
| TVTX | NEW | TRAVERE THERAPEUTICS INC | NOTE 0.500% 5/1 | 89422GAB3 | 1,506,097 | 0.06 | 1281000.0 |
| ETSY | ADDED | ETSY INC | NOTE 1.000% 6/1 | 29786AAQ9 | 1,484,389 | 0.06 | 1255000.0 |
| U | NEW | UNITY SOFTWARE INC | NOTE 3/1 | 91332UAH4 | 1,479,927 | 0.06 | 1306000.0 |
| GH | REDUCED | GUARDANT HEALTH INC | NOTE 11/1 | 40131MAB5 | 1,463,709 | 0.06 | 1175000.0 |
| FLR | REDUCED | FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 | 1,443,689 | 0.05 | 1088000.0 |
| GOOGL | NEW | ALPHABET INC | DEP SHS RP1/20 A | 02079K404 | 1,170,470 | 0.04 | 23000.0 |
| TTEK | ADDED | TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 | 1,147,501 | 0.04 | 1089000.0 |
| JOBY | REDUCED | JOBY AVIATION INC | NOTE 0.750% 2/1 | 47775AAA9 | 1,142,916 | 0.04 | 1256000.0 |
| AVAV | UNCHANGED | AEROVIRONMENT INC | NOTE 7/1 | 008073AA6 | 1,139,886 | 0.04 | 1200000.0 |
| - | LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 | 1,128,511 | 0.04 | 923000.0 | |
| NOG | UNCHANGED | NORTHERN OIL & GAS INC | NOTE 3.625% 4/1 | 665531AJ8 | 1,016,625 | 0.04 | 1060000.0 |
| VZ | REDUCED | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 940,414 | 0.04 | 22211.0 |
| WTS | UNCHANGED | WATTS WATER TECHNOLOGIES INC | CL A | 942749102 | 873,716 | 0.03 | 2232.0 |
| - | COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 | 857,636 | 0.03 | 148380.0 | |
| - | REPUBLIC SVCS INC | COM | 760759100 | 845,075 | 0.03 | 3966.0 | |
| SMCI | NEW | SUPER MICRO COMPUTER INC | NOTE 2.250% 7/1 | 86800UAD6 | 789,585 | 0.03 | 807000.0 |
| PL | REDUCED | PLANET LABS PBC | COM CL A | 72703X106 | 737,706 | 0.03 | 22267.0 |
| CLH | ADDED | CLEAN HARBORS INC | COM | 184496107 | 693,996 | 0.03 | 2323.0 |
| ECL | ADDED | ECOLAB INC | COM | 278865100 | 676,744 | 0.03 | 2429.0 |
| - | VALMONT INDS INC | COM | 920253101 | 644,602 | 0.02 | 1116.0 | |
| - | MUELLER WTR PRODS INC | COM SER A | 624758108 | 581,511 | 0.02 | 22513.0 | |
| - | ADVANCED DRAIN SYS INC DEL | COM | 00790R104 | 565,527 | 0.02 | 3603.0 | |
| ITRI | ADDED | ITRON INC | COM | 465741106 | 541,937 | 0.02 | 6263.0 |
| DE | ADDED | DEERE & CO | COM | 244199105 | 529,666 | 0.02 | 835.0 |
| BALL | ADDED | BALL CORP | COM | 058498106 | 495,706 | 0.02 | 7944.0 |
| TRMB | UNCHANGED | TRIMBLE INC | COM | 896239100 | 485,852 | 0.02 | 9493.0 |
| XYL | REDUCED | XYLEM INC | COM | 98419M100 | 466,811 | 0.02 | 3949.0 |
| VLTO | NEW | VERALTO CORP | COM SHS | 92338C103 | 458,653 | 0.02 | 5172.0 |
| MSTR | REDUCED | STRATEGY INC | NOTE 0.625% 9/1 | 594972AQ4 | 429,442 | 0.02 | 415000.0 |
| GME | NEW | GAMESTOP CORP | NOTE 6/1 | 36467WAG4 | 418,913 | 0.02 | 415000.0 |
| NET | REDUCED | CLOUDFLARE INC | NOTE 6/1 | 18915MAF4 | 396,037 | 0.01 | 312000.0 |
| TTEK | ADDED | TETRA TECH INC NEW | COM | 88162G103 | 353,989 | 0.01 | 12253.0 |
| KOS | REDUCED | KOSMOS ENERGY LTD | COM | 500688106 | 312,550 | 0.01 | 148128.0 |
| HALO | NEW | HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 | 294,733 | 0.01 | 201000.0 |
| BMI | ADDED | BADGER METER INC | COM | 056525108 | 286,077 | 0.01 | 1928.0 |
| ACM | UNCHANGED | AECOM | COM | 00766T100 | 284,016 | 0.01 | 4069.0 |
| - | PACKAGING CORP AMER | COM | 695156109 | 250,671 | 0.01 | 1052.0 | |
| - | RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 | 244,027 | 0.01 | 228000.0 | |
| SM | ADDED | SM ENERGY COMPANY | COM | 78454L100 | 237,145 | 0.01 | 9086.0 |
| KAI | UNCHANGED | KADANT INC | COM | 48282T104 | 234,416 | 0.01 | 746.0 |
| CPRT | UNCHANGED | COPART INC | COM | 217204106 | 208,211 | 0.01 | 7386.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-27 | 2,640,278,033 | 160 | 9.311707 | 0.365645 | 18.581818 |
| 2026-03-31 | 2026-04-27 | 2,399,168,171 | 163 | 9.841574 | 0.385002 | 19.770342 |
| 2025-12-31 | 2026-02-11 | 2,034,914,592 | 166 | 8.917466 | 0.346652 | 18.468084 |
| 2025-09-30 | 2025-10-27 | 2,067,568,323 | 188 | 9.182886 | 0.355915 | 18.376229 |
| 2025-03-31 | 2025-05-07 | 1,940,372,576 | 153 | 9.269949 | 0.368955 | 19.23187 |
| 2024-12-31 | 2025-02-04 | 1,996,433,269 | 152 | 10.438175 | 0.410237 | 21.479122 |