ZAZOVE ASSOCIATES LLC
CIK 0001009012
Annualised vol
10.118299%
Beta
0.403741
HHI
249.972908
Top-10 weight
39.523476%
VaR 95%
0.94933%
VaR 99%
1.637861%
Max drawdown
17.218828%
Matched value
62.839851%
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 ($) |
|---|---|---|---|---|---|
| TTEK | ADDED | 59,095,000 | 58,880,000 | 0.37% | 62,434,665 |
| SO | ADDED | 49,750,000 | 28,550,000 | 74.26% | 54,932,378 |
| FLR | REDUCED | 37,865,000 | 40,315,000 | -6.08% | 50,098,916 |
| ITRI | ADDED | 43,380,000 | 43,295,000 | 0.2% | 43,283,996 |
| NTNX | ADDED | 33,675,000 | 31,125,000 | 8.19% | 38,063,362 |
| UBER | REDUCED | 31,000,000 | 40,000,000 | -22.5% | 37,177,156 |
| NET | ADDED | 28,135,000 | 1,950,000 | 1342.82% | 35,697,770 |
| GWRE | ADDED | 32,195,000 | 29,585,000 | 8.82% | 31,006,084 |
| RVMD | NEW | 21,900,000 | - | - | 27,657,501 |
| RGEN | ADDED | 26,305,000 | 26,300,000 | 0.02% | 27,010,074 |
| AVAV | REDUCED | 28,490,000 | 28,520,000 | -0.11% | 26,801,475 |
| MCHP | NEW | 23,750,000 | - | - | 26,176,326 |
| EVRG | REDUCED | 16,895,000 | 17,025,000 | -0.76% | 24,061,834 |
| FRPT | ADDED | 19,770,000 | 5,770,000 | 242.63% | 23,052,644 |
| NOG | ADDED | 18,381,000 | 13,401,000 | 37.16% | 17,602,864 |
| GLNG | NEW | 13,515,000 | - | - | 15,371,427 |
| PCT | ADDED | 12,528,981 | 681,681 | 1737.95% | 14,051,953 |
| WKC | ADDED | 8,545,000 | 5,095,000 | 67.71% | 11,097,668 |
| CAKE | REDUCED | 8,490,000 | 20,670,000 | -58.93% | 10,813,374 |
| PCG | ADDED | 9,500,000 | 6,000,000 | 58.33% | 9,754,085 |
| OPK | REDUCED | 6,003,000 | 6,068,000 | -1.07% | 9,143,527 |
| ON | ADDED | 7,000,000 | 4,000,000 | 75.0% | 8,451,540 |
| SITM | NEW | 7,500,000 | - | - | 8,321,236 |
| DDOG | ADDED | 5,800,000 | 2,800,000 | 107.14% | 8,234,482 |
| VSH | NEW | 4,000,000 | - | - | 7,939,301 |
| WEC | NEW | 7,500,000 | - | - | 7,799,997 |
| VERX | REDUCED | 7,860,000 | 8,095,000 | -2.9% | 7,043,693 |
| PI | REDUCED | 4,990,000 | 5,000,000 | -0.2% | 7,007,848 |
| SNOW | REDUCED | 4,070,000 | 12,965,000 | -68.61% | 6,883,186 |
| BHR | REDUCED | 2,364,438 | 18,865,406 | -87.47% | 6,833,778 |
| LYFT | REDUCED | 6,500,000 | 18,500,000 | -64.86% | 6,824,950 |
| LNT | NEW | 6,000,000 | - | - | 6,574,067 |
| FLNC | ADDED | 5,000,000 | 3,000,000 | 66.67% | 6,402,307 |
| ALNY | NEW | 5,075,000 | - | - | 6,102,303 |
| SMCI | ADDED | 6,000,000 | 4,000,000 | 50.0% | 5,874,414 |
| RBRK | NEW | 5,685,000 | - | - | 5,800,494 |
| AKAM | NEW | 4,800,000 | - | - | 5,761,396 |
| CMS | ADDED | 4,545,000 | 2,105,000 | 115.91% | 5,079,087 |
| TMDX | ADDED | 4,500,000 | 2,500,000 | 80.0% | 4,888,141 |
| CELC | NEW | 3,425,000 | - | - | 3,900,088 |
| AG | NEW | 3,000,000 | - | - | 3,688,549 |
| WEST | REDUCED | 450,508 | 560,004 | -19.55% | 3,653,620 |
| PTON | NEW | 2,000,000 | - | - | 3,233,450 |
| GH | NEW | 2,500,000 | - | - | 3,106,249 |
| TCOM | ADDED | 3,000,000 | 1,350,000 | 122.22% | 2,959,736 |
| UONE | REDUCED | 527,237 | 551,320 | -4.37% | 2,540,847 |
| SNAP | ADDED | 2,920,000 | 460,000 | 534.78% | 2,429,970 |
| TNDM | NEW | 2,500,000 | - | - | 2,396,783 |
| RUM | NEW | 1,222,995 | - | - | 2,274,771 |
| GRPN | UNCHANGED | 2,000,000 | 2,000,000 | 0.0% | 2,273,527 |
| GRNT | REDUCED | 508,970 | 692,956 | -26.55% | 2,244,558 |
| MNTN | ADDED | 200,000 | 150,322 | 33.05% | 1,840,000 |
| NUVB | NEW | 1,500,000 | - | - | 1,568,578 |
| BKV | REDUCED | 46,912 | 50,000 | -6.18% | 1,283,512 |
| BRCC | REDUCED | 1,010,918 | 2,000,000 | -49.45% | 1,122,119 |
| JD | UNCHANGED | 1,130,000 | 1,130,000 | 0.0% | 1,113,595 |
| GLAS | NEW | 79,844 | - | - | 1,037,972 |
| GOOGL | NEW | 32,500 | - | - | 958,363 |
| KOS | REDUCED | 1,230,000 | 1,500,000 | -18.0% | 902,739 |
| BTG | REDUCED | 867,100 | 878,200 | -1.26% | 894,674 |
| GROY | UNCHANGED | 300,000 | 300,000 | 0.0% | 828,000 |
| AMPX | ADDED | 102,096 | 77,096 | 32.43% | 594,709 |
| BAND | REDUCED | 601,000 | 630,000 | -4.6% | 565,124 |
| NPWR | REDUCED | 1,533,692 | 1,538,612 | -0.32% | 475,445 |
| LAR | UNCHANGED | 460,000 | 460,000 | 0.0% | 450,241 |
| SVM | REDUCED | 41,264 | 50,000 | -17.47% | 416,766 |
| THCH | REDUCED | 200,281 | 208,489 | -3.94% | 382,537 |
| SE | ADDED | 385,000 | 84,000 | 358.33% | 381,316 |
| VAC | REDUCED | 386,000 | 420,000 | -8.1% | 380,565 |
| ETSY | NEW | 415,000 | - | - | 379,643 |
| CRNC | REDUCED | 345,000 | 375,000 | -8.0% | 317,927 |
| ENPH | REDUCED | 276,000 | 300,000 | -8.0% | 258,139 |
| NFG | NEW | 29,900 | - | - | 243,685 |
| SYM | NEW | 55,000 | - | - | 236,250 |
| AUR | NEW | 541,491 | - | - | 194,395 |
| HELE | NEW | 50,000 | - | - | 151,250 |
| ACHR | REDUCED | 1,185,705 | 1,190,265 | -0.38% | 136,356 |
| MGPI | NEW | 110,000 | - | - | 107,100 |
| DKNG | NEW | 115,000 | - | - | 107,095 |
| ZD | REDUCED | 102,000 | 404,000 | -74.75% | 102,560 |
| FIVE | NEW | 15,000 | - | - | 89,250 |
| FIVN | NEW | 15,000 | - | - | 61,500 |
| HIMS | NEW | 40,000 | - | - | 57,000 |
| OPFI | REDUCED | 1,554,109 | 1,560,914 | -0.44% | 51,208 |
| SPXC | NEW | 4,000 | - | - | 45,480 |
| IAUX | UNCHANGED | 38,466 | 38,466 | 0.0% | 29,811 |
| RDZN | UNCHANGED | 150,602 | 150,602 | 0.0% | 29,179 |
| SPWR | UNCHANGED | 11,327 | 11,327 | 0.0% | 1,773 |
| AIIO | REDUCED | 29,141 | 64,571 | -54.87% | 1,155 |
| JOBY | CLOSED OUT | 0 | 9,630,000 | -100.0% | 0 |
| DUK | CLOSED OUT | 0 | 8,290,000 | -100.0% | 0 |
| TE | CLOSED OUT | 0 | 6,050,000 | -100.0% | 0 |
| MKSI | CLOSED OUT | 0 | 2,500,000 | -100.0% | 0 |
| ASND | CLOSED OUT | 0 | 1,050,000 | -100.0% | 0 |
| IRWD | CLOSED OUT | 0 | 550,000 | -100.0% | 0 |
| PSQH | CLOSED OUT | 0 | 491,935 | -100.0% | 0 |
| NCMI | CLOSED OUT | 0 | 458,939 | -100.0% | 0 |
| MSTR | CLOSED OUT | 0 | 310,000 | -100.0% | 0 |
| CABO | CLOSED OUT | 0 | 310,000 | -100.0% | 0 |
| OKTA | CLOSED OUT | 0 | 242,000 | -100.0% | 0 |
| NN | CLOSED OUT | 0 | 170,655 | -100.0% | 0 |
| XYZ | CLOSED OUT | 0 | 115,000 | -100.0% | 0 |
| PRCH | CLOSED OUT | 0 | 105,846 | -100.0% | 0 |
| CVI | CLOSED OUT | 0 | 100,000 | -100.0% | 0 |
| ORA | CLOSED OUT | 0 | 75,000 | -100.0% | 0 |
| COIN | CLOSED OUT | 0 | 65,000 | -100.0% | 0 |
| SOFI | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| BBWI | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| PBF | CLOSED OUT | 0 | 40,000 | -100.0% | 0 |
| AIRJ | CLOSED OUT | 0 | 15,700 | -100.0% | 0 |
| GS | CLOSED OUT | 0 | 5,000 | -100.0% | 0 |
| GIS | CLOSED OUT | 0 | 300 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| TTEK | ADDED | TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 | 62,434,665 | 5.1 | 5.9095E7 |
| - | PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 | 56,868,007 | 4.64 | 5.7602E7 | |
| SO | ADDED | SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 | 54,932,378 | 4.49 | 4.975E7 |
| - | ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 | 54,103,216 | 4.42 | 4.582E7 | |
| FLR | REDUCED | FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 | 50,098,916 | 4.09 | 3.7865E7 |
| - | BANK OF AMER CORP | 7.25%CNV PFD L | 060505682 | 45,128,446 | 3.68 | 35925.0 | |
| ITRI | ADDED | ITRON INC | NOTE 1.375% 7/1 | 465741AQ9 | 43,283,996 | 3.53 | 4.338E7 |
| - | BOFA FIN LLC | MTNF 0.600% 5/2 | 09709UV70 | 40,313,311 | 3.29 | 3.1982E7 | |
| - | CYBERARK SOFTWARE LTD | NOTE 6/1 | 23248VAD7 | 38,972,328 | 3.18 | 2.338E7 | |
| NTNX | ADDED | NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 | 37,915,548 | 3.1 | 3.3525E7 |
| UBER | REDUCED | UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 | 37,177,156 | 3.04 | 3.1E7 |
| NET | ADDED | CLOUDFLARE INC | NOTE 6/1 | 18915MAF4 | 35,182,244 | 2.87 | 2.7735E7 |
| - | PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 | 31,579,435 | 2.58 | 2.7815E7 | |
| GWRE | ADDED | GUIDEWIRE SOFTWARE INC | NOTE 1.250%11/0 | 40171VAC4 | 31,006,084 | 2.53 | 3.2195E7 |
| - | BROOKDALE SR LIVING INC | NOTE 2.000%10/1 | 112463AC8 | 28,570,620 | 2.33 | 1.435E7 | |
| RVMD | NEW | REVOLUTION MEDICINES INC | NOTE 0.500% 5/0 | 76155XAA8 | 27,657,501 | 2.26 | 2.19E7 |
| RGEN | ADDED | REPLIGEN CORP | NOTE 1.000%12/1 | 759916AD1 | 27,010,074 | 2.21 | 2.6305E7 |
| AVAV | REDUCED | AEROVIRONMENT INC | NOTE 7/1 | 008073AA6 | 26,801,475 | 2.19 | 2.849E7 |
| MCHP | NEW | MICROCHIP TECHNOLOGY INC. | NOTE 0.750% 6/0 | 595017BG8 | 26,176,326 | 2.14 | 2.375E7 |
| EVRG | REDUCED | EVERGY INC | NOTE 4.500%12/1 | 30034WAD8 | 24,061,834 | 1.96 | 1.6895E7 |
| FRPT | ADDED | FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 | 23,052,644 | 1.88 | 1.977E7 |
| - | INTEGER HLDGS CORP | NOTE 2.125% 2/1 | 45826HAB5 | 23,038,900 | 1.88 | 1.8745E7 | |
| - | MAKEMYTRIP LIMITED MAURITIUS | NOTE 7/0 | 56087FAD6 | 19,835,178 | 1.62 | 2.1755E7 | |
| NOG | ADDED | NORTHERN OIL & GAS INC | NOTE 3.625% 4/1 | 665531AJ8 | 17,602,864 | 1.44 | 1.8381E7 |
| - | THE REALREAL INC | DEBT 4.000% 2/1 | 88339PAJ0 | 15,667,569 | 1.28 | 1.1118E7 | |
| - | GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 | 15,621,273 | 1.28 | 1.7365E7 | |
| GLNG | NEW | GOLAR LNG LTD | NOTE 2.750%12/1 | 38046YAD3 | 15,371,427 | 1.26 | 1.3515E7 |
| - | HAEMONETICS CORP MASS | NOTE 2.500% 6/0 | 405024AD2 | 12,887,792 | 1.05 | 1.2735E7 | |
| PCT | ADDED | PURECYCLE TECHNOLOGIES INC | NOTE 4.750% 7/0 | 74623VAD5 | 11,850,430 | 0.97 | 1.175E7 |
| WKC | ADDED | WORLD KINECT CORPORATION | NOTE 3.250% 7/0 | 98149GAB6 | 11,097,668 | 0.91 | 8545000.0 |
| CAKE | REDUCED | CHEESECAKE FACTORY INC | NOTE 2.000% 3/1 | 163072AC5 | 10,813,374 | 0.88 | 8490000.0 |
| - | RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 | 10,669,653 | 0.87 | 9000000.0 | |
| PCG | ADDED | PG&E CORP | NOTE 4.250%12/0 | 69331CAL2 | 9,754,085 | 0.8 | 9500000.0 |
| OPK | REDUCED | OPKO HEALTH INC | NOTE 3.750% 1/1 | 68375NAG8 | 8,993,527 | 0.73 | 5903000.0 |
| - | AFFIRM HLDGS INC | NOTE 0.750%12/1 | 00827BAD8 | 8,723,888 | 0.71 | 7500000.0 | |
| ON | ADDED | ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 | 8,451,540 | 0.69 | 7000000.0 |
| - | NCL CORP LTD | NOTE 0.875% 4/1 | 62886HBT7 | 8,421,879 | 0.69 | 7540000.0 | |
| SITM | NEW | SITIME CORP | NOTE 6/1 | 82982TAA4 | 8,321,236 | 0.68 | 7500000.0 |
| DDOG | ADDED | DATADOG INC | NOTE 12/0 | 23804LAD5 | 8,234,482 | 0.67 | 5800000.0 |
| VSH | NEW | VISHAY INTERTECHNOLOGY INC | NOTE 2.250% 9/1 | 928298AR9 | 7,939,301 | 0.65 | 4000000.0 |
| WEC | NEW | WEC ENERGY GROUP INC | NOTE 3.375% 6/0 | 92939UAT3 | 7,799,997 | 0.64 | 7500000.0 |
| - | LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 | 7,305,422 | 0.6 | 5000000.0 | |
| VERX | REDUCED | VERTEX INC | NOTE 0.750% 5/0 | 92538JAB2 | 7,043,693 | 0.58 | 7860000.0 |
| PI | REDUCED | IMPINJ INC | NOTE 1.125% 5/1 | 453204AD1 | 7,007,848 | 0.57 | 4990000.0 |
| LYFT | REDUCED | LYFT INC | NOTE 0.625% 3/0 | 55087PAD6 | 6,824,950 | 0.56 | 6500000.0 |
| LNT | NEW | ALLIANT ENERGY CORP | NOTE 3.250% 5/3 | 018802AE8 | 6,574,067 | 0.54 | 6000000.0 |
| FLNC | ADDED | FLUENCE ENERGY INC | NOTE 2.250% 6/1 | 34379VAB9 | 6,402,307 | 0.52 | 5000000.0 |
| ALNY | NEW | ALNYLAM PHARMACEUTICALS INC | NOTE 1.000% 9/1 | 02043QAB3 | 6,102,303 | 0.5 | 5075000.0 |
| SMCI | ADDED | SUPER MICRO COMPUTER INC | NOTE 2.250% 7/1 | 86800UAD6 | 5,874,414 | 0.48 | 6000000.0 |
| RBRK | NEW | RUBRIK INC. | NOTE 6/1 | 781154AD1 | 5,800,494 | 0.47 | 5685000.0 |
| CMS | ADDED | CMS ENERGY CORP | NOTE 3.375% 5/0 | 125896BX7 | 5,079,087 | 0.41 | 4545000.0 |
| SNOW | REDUCED | SNOWFLAKE INC | NOTE 10/0 | 833445AB5 | 4,992,793 | 0.41 | 3000000.0 |
| - | VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 | 4,978,000 | 0.41 | 100000.0 | |
| TMDX | ADDED | TRANSMEDICS GROUP INC | NOTE 1.500% 6/0 | 89377MAB5 | 4,888,141 | 0.4 | 4500000.0 |
| AKAM | NEW | AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 | 4,806,526 | 0.39 | 4000000.0 |
| BHR | REDUCED | BRAEMAR HOTELS & RESORTS INC | COM | 10482B101 | 4,788,839 | 0.39 | 2217055.0 |
| CELC | NEW | CELCUITY INC | NOTE 0.250% 8/0 | 15102KAB6 | 3,900,088 | 0.32 | 3425000.0 |
| - | UPSTART HLDGS INC | NOTE 1.000%11/1 | 91680MAF4 | 3,702,563 | 0.3 | 4500000.0 | |
| AG | NEW | FIRST MAJESTIC SILVER CORP | NOTE 0.375% 1/1 | 32076VAD5 | 3,688,549 | 0.3 | 3000000.0 |
| WEST | REDUCED | WESTROCK COFFEE CO | COM | 96145W103 | 3,653,620 | 0.3 | 450508.0 |
| - | LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 | 3,607,765 | 0.29 | 2920000.0 | |
| - | LCI INDS | NOTE 3.000% 3/0 | 501812AD3 | 3,375,210 | 0.28 | 3000000.0 | |
| PTON | NEW | PELOTON INTERACTIVE INC | NOTE 5.500%12/0 | 70614WAD2 | 3,233,450 | 0.26 | 2000000.0 |
| GH | NEW | GUARDANT HEALTH INC | NOTE 11/1 | 40131MAB5 | 3,106,249 | 0.25 | 2500000.0 |
| TCOM | ADDED | TRIP COM GROUP LTD | NOTE 0.750% 6/1 | 89677QAB3 | 2,959,736 | 0.24 | 3000000.0 |
| - | JAZZ INVESTMENTS I LTD | NOTE 3.125% 9/1 | 472145AH4 | 2,933,999 | 0.24 | 1720000.0 | |
| UONE | REDUCED | URBAN ONE INC | COM SHS CL D NON | 91705J402 | 2,457,768 | 0.2 | 512035.0 |
| TNDM | NEW | TANDEM DIABETES CARE INC | NOTE 1.500% 3/1 | 875372AD6 | 2,396,783 | 0.2 | 2500000.0 |
| RUM | NEW | RUM GROUP INC | *W EXP 09/16/202 | 78137L113 | 2,274,771 | 0.19 | 1222995.0 |
| GRPN | UNCHANGED | GROUPON INC | NOTE 6.250% 3/1 | 399473AH0 | 2,273,527 | 0.19 | 2000000.0 |
| GRNT | REDUCED | GRANITE RIDGE RESOURCES INC | COM | 387432107 | 2,244,558 | 0.18 | 508970.0 |
| - | THE REALREAL INC | COM | 88339P101 | 2,181,150 | 0.18 | 185000.0 | |
| - | BROOKDALE SR LIVING INC | COM | 112463104 | 2,172,150 | 0.18 | 135000.0 | |
| BHR | REDUCED | BRAEMAR HOTELS & RESORTS INC | 5.5 CUM CV PFD B | 10482B200 | 2,044,939 | 0.17 | 147383.0 |
| PCT | ADDED | PURECYCLE TECHNOLOGIES INC | *W EXP 03/17/202 | 74623V111 | 2,042,818 | 0.17 | 759412.0 |
| SNAP | ADDED | SNAP INC | NOTE 0.500% 5/0 | 83304AAK2 | 2,041,303 | 0.17 | 2500000.0 |
| SNOW | REDUCED | SNOWFLAKE INC | NOTE 10/0 | 833445AD1 | 1,890,393 | 0.15 | 1070000.0 |
| MNTN | ADDED | MNTN INC | CL A | 55318A108 | 1,840,000 | 0.15 | 200000.0 |
| - | LIBERTY MEDIA CORP DEL | NOTE 3.750% 3/1 | 531229AP7 | 1,774,038 | 0.14 | 1550000.0 | |
| - | ASA GOLD AND PRECIOUS MTLS L | SHS | G3156P103 | 1,699,366 | 0.14 | 32655.0 | |
| NUVB | NEW | NUVATION BIO INC | NOTE 0.750% 7/0 | 67080NAA9 | 1,568,578 | 0.13 | 1500000.0 |
| - | INTEGER HLDGS CORP | DBCV 1.875% 3/1 | 45826HAD1 | 1,511,482 | 0.12 | 1565000.0 | |
| - | LUXEXPERIENCE BV | SPONSORED ADS | 55406W103 | 1,488,779 | 0.12 | 200374.0 | |
| BKV | REDUCED | BKV CORP | COM | 05603J108 | 1,283,512 | 0.1 | 46912.0 |
| BRCC | REDUCED | BRC INC | COM CL A | 05601U105 | 1,122,119 | 0.09 | 1010918.0 |
| JD | UNCHANGED | JD.COM INC | NOTE 0.250% 6/0 | 47215PAJ5 | 1,113,595 | 0.09 | 1130000.0 |
| - | OSISKO DEVELOPMENT CORP | COM NEW | 68828E809 | 1,107,000 | 0.09 | 450000.0 | |
| GLAS | NEW | GLASS HOUSE BRANDS INC | SUB REG LTD VTG | 377130406 | 1,037,972 | 0.08 | 79844.0 |
| AKAM | NEW | AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 | 954,870 | 0.08 | 800000.0 |
| - | AMERICAS GOLD AND SILVER COR | COM NEW | 03062D803 | 944,000 | 0.08 | 200000.0 | |
| KOS | REDUCED | KOSMOS ENERGY LTD | NOTE 3.125% 3/1 | 500688AH9 | 902,739 | 0.07 | 1230000.0 |
| GROY | UNCHANGED | GOLD ROYALTY CORP | COMMON SHARES | 38071H106 | 828,000 | 0.07 | 300000.0 |
| - | WHIRLPOOL CORP | 8.5 DEP SR A CNV | 963320205 | 788,400 | 0.06 | 22500.0 | |
| - | SHIFT4 PMTS INC | NOTE 0.500% 8/0 | 82452JAD1 | 773,693 | 0.06 | 810000.0 | |
| - | ALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 01881G106 | 679,746 | 0.06 | 19300.0 | |
| GOOGL | NEW | ALPHABET INC | DEP SHS RP1/20 A | 02079K404 | 631,000 | 0.05 | 12500.0 |
| BTG | REDUCED | B2GOLD CORP | CALL | 11777Q909 | 613,800 | 0.05 | 792000.0 |
| AMPX | ADDED | AMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 03214Q116 | 594,709 | 0.05 | 102096.0 |
| - | AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 | 581,161 | 0.05 | 640000.0 | |
| BAND | REDUCED | BANDWIDTH INC | NOTE 0.500% 4/0 | 05988JAD5 | 565,124 | 0.05 | 601000.0 |
| NET | ADDED | CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 | 515,526 | 0.04 | 400000.0 |
| NPWR | REDUCED | NET POWER INC | *W EXP 06/08/202 | 64107A113 | 475,445 | 0.04 | 1533692.0 |
| - | DIREXION SHARES ETF TRUST | DAI SEM 3X ETF | 25461H572 | 453,600 | 0.04 | 140000.0 | |
| LAR | UNCHANGED | LITHIUM ARGENTINA AG | NOTE 1.750% 1/1 | 53680QAA6 | 450,241 | 0.04 | 460000.0 |
| SVM | REDUCED | SILVERCORP METALS INC | COM | 82835P103 | 416,766 | 0.03 | 41264.0 |
| SNAP | ADDED | SNAP INC | NOTE 0.125% 3/0 | 83304AAH9 | 388,667 | 0.03 | 420000.0 |
| THCH | REDUCED | TH INTERNATIONAL LIMITED | SHS NEW | G8656L130 | 382,537 | 0.03 | 200281.0 |
| SE | ADDED | SEA LTD | NOTE 0.250% 9/1 | 81141RAG5 | 381,316 | 0.03 | 385000.0 |
| VAC | REDUCED | MARRIOTT VACATIONS WORLDWIDE | NOTE 3.250%12/1 | 57164YAF4 | 380,565 | 0.03 | 386000.0 |
| ETSY | NEW | ETSY INC | NOTE 0.250% 6/1 | 29786AAN6 | 379,643 | 0.03 | 415000.0 |
| - | PENNYMAC CORP | NOTE 8.500% 6/0 | 70932AAH6 | 377,453 | 0.03 | 370000.0 | |
| - | REDFIN CORP | NOTE 0.500% 4/0 | 75737FAE8 | 373,247 | 0.03 | 386000.0 | |
| - | BLACKSTONE MORTGAGE TRUST IN | NOTE 5.500% 3/1 | 09257WAE0 | 353,136 | 0.03 | 354000.0 | |
| CRNC | REDUCED | CERENCE INC | NOTE 1.500% 7/0 | 156727AD1 | 317,927 | 0.03 | 345000.0 |
| BTG | REDUCED | B2GOLD CORP | COM | 11777Q209 | 280,874 | 0.02 | 75100.0 |
| - | RLJ LODGING TR | CUM CONV PFD A | 74965L200 | 265,901 | 0.02 | 10809.0 | |
| ENPH | REDUCED | ENPHASE ENERGY INC | NOTE 3/0 | 29355AAK3 | 258,139 | 0.02 | 276000.0 |
| - | AFFIRM HLDGS INC | NOTE 11/1 | 00827BAB2 | 250,949 | 0.02 | 255000.0 | |
| - | BENTLEY SYS INC | NOTE 0.375% 7/0 | 08265TAD1 | 249,700 | 0.02 | 260000.0 | |
| NFG | NEW | NATIONAL FUEL GAS CO | CALL | 636180901 | 243,685 | 0.02 | 29900.0 |
| GOOGL | NEW | ALPHABET INC | CAP STK CL C | 02079K107 | 201,688 | 0.02 | 17500.0 |
| AUR | NEW | AURORA INNOVATION INC | *W EXP 11/03/202 | 051774115 | 194,395 | 0.02 | 541491.0 |
| - | SIMPLIFY EXCHANGE TRADED FUN | VOLATILITY PREM | 82889N863 | 174,836 | 0.01 | 10900.0 | |
| - | EPR PPTYS | CONV PFD 9% SR E | 26884U307 | 164,160 | 0.01 | 5122.0 | |
| PCT | ADDED | PURECYCLE TECHNOLOGIES INC | COM | 74623V103 | 158,705 | 0.01 | 19569.0 |
| HELE | NEW | HELEN OF TROY LTD | PUT | G4388N956 | 151,250 | 0.01 | 50000.0 |
| OPK | REDUCED | OPKO HEALTH INC | COM | 68375N103 | 150,000 | 0.01 | 100000.0 |
| SYM | NEW | SYMBOTIC INC | CLASS A COM | 87151X101 | 150,000 | 0.01 | 25000.0 |
| NTNX | ADDED | NUTANIX INC | NOTE 0.500%12/1 | 67059NAK4 | 147,814 | 0.01 | 150000.0 |
| ACHR | REDUCED | ARCHER AVIATION INC | *W EXP 09/16/202 | 03945R110 | 136,356 | 0.01 | 1185705.0 |
| - | ISHARES INC | MSCI GERMANY ETF | 464286806 | 132,238 | 0.01 | 74500.0 | |
| GOOGL | NEW | ALPHABET INC | DEP SHS RP1/20 B | 02079K602 | 125,675 | 0.01 | 2500.0 |
| MGPI | NEW | MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 | 107,100 | 0.01 | 110000.0 |
| DKNG | NEW | DRAFTKINGS INC NEW | NOTE 3/1 | 26142RAB0 | 107,095 | 0.01 | 115000.0 |
| ZD | REDUCED | ZIFF DAVIS INC | DEBT 3.625% 3/0 | 48123VAH5 | 102,560 | 0.01 | 102000.0 |
| - | ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | 95,600 | 0.01 | 5000.0 | |
| FIVE | NEW | FIVE BELOW INC | COM | 33829M101 | 89,250 | 0.01 | 15000.0 |
| SYM | NEW | SYMBOTIC INC | CLASS A COM | 87151X101 | 86,250 | 0.01 | 30000.0 |
| UONE | REDUCED | URBAN ONE INC | CL A SHS | 91705J303 | 83,079 | 0.01 | 15202.0 |
| FIVN | NEW | FIVE9 INC | PUT | 338307951 | 61,500 | 0.01 | 15000.0 |
| - | BROOKDALE SR LIVING INC | NOTE 3.500%10/1 | 112463AF1 | 57,402 | 0.0 | 30000.0 | |
| HIMS | NEW | HIMS & HERS HEALTH INC | PUT | 433000956 | 57,000 | 0.0 | 40000.0 |
| OPFI | REDUCED | OPPFI INC | *W EXP 07/20/202 | 68386H111 | 51,208 | 0.0 | 1554109.0 |
| - | EL PASO ENERGY CAP TR I | PFD CV TR SEC 28 | 283678209 | 45,179 | 0.0 | 887.0 | |
| - | ALLIANCEBERNSTEIN HLDG L P | CALL | 01881G906 | 35,525 | 0.0 | 49000.0 | |
| IAUX | UNCHANGED | I-80 GOLD CORP | *W EXP 11/16/202 | 44955L155 | 29,811 | 0.0 | 38466.0 |
| RDZN | UNCHANGED | ROADZEN INC | *W EXP 11/30/202 | G7606H116 | 29,179 | 0.0 | 150602.0 |
| SPXC | NEW | SPX TECHNOLOGIES INC | PUT | 78473E953 | 28,980 | 0.0 | 1800.0 |
| - | STATE STR SPDR S&P 500 ETF T | PUT | 78462F953 | 28,875 | 0.0 | 17500.0 | |
| - | ADAM NAT RES FD INC | COM | 00548F105 | 24,399 | 0.0 | 987.0 | |
| - | STATE STR SPDR S&P 500 ETF T | PUT | 78462F953 | 9,295 | 0.0 | 11000.0 | |
| SPXC | NEW | SPX TECHNOLOGIES INC | PUT | 78473E953 | 8,965 | 0.0 | 1100.0 |
| - | STATE STR SPDR S&P 500 ETF T | PUT | 78462F953 | 8,520 | 0.0 | 12000.0 | |
| SPXC | NEW | SPX TECHNOLOGIES INC | PUT | 78473E953 | 7,535 | 0.0 | 1100.0 |
| SPWR | UNCHANGED | SUNPOWER INC | *W EXP 07/31/202 | 20460L112 | 1,773 | 0.0 | 11327.0 |
| - | STATE STR SPDR S&P 500 ETF T | PUT | 78462F953 | 1,300 | 0.0 | 20000.0 | |
| AIIO | REDUCED | ROBO.AI INC. | *W EXP 11/11/202 | G6693P114 | 1,155 | 0.0 | 29141.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-16 | 1,224,717,192 | 157 | 10.118299 | 0.403741 | 17.218828 |
| 2026-03-31 | 2026-06-18 | 957,042,295 | 151 | 9.586167 | 0.366127 | 16.047647 |
| 2025-12-31 | 2026-02-18 | 1,161,269,198 | 171 | 7.876818 | 0.319344 | 13.024441 |
| 2025-09-30 | 2025-10-17 | 1,104,934,163 | 177 | 6.927118 | 0.265975 | 13.404887 |
| 2025-03-31 | 2025-05-13 | 1,168,338,558 | 156 | 7.214491 | 0.289111 | 13.138202 |
| 2024-12-31 | 2025-02-13 | 1,038,594,931 | 132 | 7.705503 | 0.306174 | 15.156893 |