Vault-13

Kohlberg Kravis Roberts & Co. L.P.

NEW YORK, NY · CIK 1399770 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2008 · limited partnership

Other 13F filers in this group: KKR Credit Advisors (US) LLC files a notice, KKR Investment Management LLC files a notice

As an employer

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

CityCountryPeople
New York, NY (main office)United States United States18
LondonUnited Kingdom United Kingdom118
Menlo Park, CAUnited States United States42
Dallas, TX2 officesUnited States United States41
SingaporeSingapore Singapore31
SydneyAustralia Australia28
TokyoJapan Japan27
San Francisco, CAUnited States United States27
Houston, TXUnited States United States21
MumbaiIndia India20
SeoulKorea, South Korea, South19
Hong KongHong Kong Hong Kong12
11 more cities
Frankfurt Am MainGermany Germany11
BeijingChina China9
ShanghaiChina China8
ParisFrance France8
Boston, MA2 officesUnited States United States8
MadridSpain Spain6
StockholmSweden Sweden6
Abu DhabiUnited Arab Emirates United Arab Emirates2
El Segundo, CAUnited States United States1
Brighton, MAUnited States United States
Washington Dc, DCUnited States United States

US visa salary filings

Job titleFilingsMedianRange
PrincipalNew York, NY 26 $195,000 $175,000 – $250,000
AssociateNew York, NY 14 $165,000 $150,000 – $180,000
Senior ManagerNew York, NY 3 $195,000 $160,000 – $195,000
Vice PresidentNew York, NY 3 $180,000
DirectorMenlo Park, CA 2 $245,000 $240,000 – $250,000
Technical ArchitectNew York, NY 2 $177,500 $175,000 – $180,000
ManagerNew York, NY 2 $140,000
Managing DirectorNew York, NY 1 $300,000
Director, LegalNew York, NY 1 $275,000
Head Of Asset Backed Finance EngineeringNew York, NY 1 $275,000
Global Head Of Enterprise RiskNew York, NY 1 $255,000
Director - Head Of Enterprise RiskNew York, NY 1 $255,000
8 more job titles
Director, Sustainable InvestingNew York, NY 1 $240,000
Data ScientistNew York, NY 1 $205,000
Principal, Technology, Engineering And DataNew York, NY 1 $205,000
Us Head Of Asset Management TreasuryNew York, NY 1 $200,000
Esg EngineerNew York, NY 1 $175,000
Tech Project ManagerNew York, NY 1 $172,000
Senior Project CoordinatorNew York, NY 1 $110,000
AnalystNew York, NY 1 $110,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: KKR Capital Markets Holdings L.P., KKR Credit Advisors (US) LLC, Kohlberg Kravis Roberts & Co. L.P..

In Australia

EntityRoleStaffWomenResigned
KKR AUSTRALIA INVESTMENT MANAGEMENT PTY LTD Australian Private Company · Sydney licenseeAFSL 420085

Sources: ASIC licence register, APRA, the Workplace Gender Equality Agency (employers with 100+ staff), ATO and the ABN register (Creative Commons Attribution).

In the UK

1 UK companies in the group; those with staff figures, a pay gap report, FCA authorisation or fund management as their business are listed.

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$5.7bn reported value +6.8% vs Q1 2026
99positions
95.2%in top 10
23 new 7 added 32 reduced 16 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 BRIGHTSPRING HEALTH SVCS INC COM BTSG BTSG 26,829,880 $1.9bn32.78% 32.78% ReducedShares held: Q3 2025 77.1m, Q4 2025 61.9m, Q1 2026 41.8m, Q2 2026 26.8m -15.0m -14,994,379 -35.9%
2 HENRY SCHEIN INC COM HSIC HSIC 15,652,032 $1.3bn22.90% 22.90% UnchangedShares held: Q3 2025 15.7m, Q4 2025 15.7m, Q1 2026 15.7m, Q2 2026 15.7m
3 BRIDGEBIO PHARMA INC COM BBIO BBIO 13,260,971 $987.7m17.30% 17.30% UnchangedShares held: Q3 2025 13.3m, Q4 2025 13.3m, Q1 2026 13.3m, Q2 2026 13.3m
4 BRIGHTVIEW HLDGS INC COM BV BV 21,533,123 $308.9m5.41% 5.41% UnchangedShares held: Q3 2025 21.5m, Q4 2025 21.5m, Q1 2026 21.5m, Q2 2026 21.5m
5 CRESCENT ENERGY COMPANY CL A COM CRGY CRGY 28,655,357 $281.4m4.93% 4.93% UnchangedShares held: Q3 2025 26.8m, Q4 2025 26.8m, Q1 2026 28.7m, Q2 2026 28.7m
6 NIQ GLOBAL INTELLIGENCE PLC ORDINARY SHARES NIQ NIQ 30,022,789 $280.7m4.92% 4.92% UnchangedShares held: Q3 2025 30.0m, Q4 2025 30.0m, Q1 2026 30.0m, Q2 2026 30.0m
7 GMR SOLUTIONS INC COM CL A GMRS GMRS 14,785,611 $228.6m4.00% 4.00% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 14.8m
8 KKR REAL ESTATE FIN TR INC COM KREF KREF 10,000,001 $68.4m1.20% 1.20% UnchangedShares held: Q3 2025 10.0m, Q4 2025 10.0m, Q1 2026 10.0m, Q2 2026 10.0m
9 PARAMOUNT SKYDANCE CORP COM CL B SKYD SKYD 5,535,928 $54.6m0.96% 0.96% UnchangedShares held: Q3 2025 15.6m, Q4 2025 8.5m, Q1 2026 5.5m, Q2 2026 5.5m
10 NCL CORP LTD NOTE 0.875% 4/1 · principal NCLH 0.875 04.15.30 · principal NCLH 0.875 04.15.30 43,658,000 $48.7m0.85% 0.85% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 43.7m
11 BAUSCH HEALTH COS INC COM BHC BHC 5,235,000 $25.8m0.45% 0.45% UnchangedShares held: Q3 2025 5.2m, Q4 2025 5.2m, Q1 2026 5.2m, Q2 2026 5.2m
12 LCI INDS NOTE 3.000% 3/0 · principal LCII 3 03.01.30 · principal LCII 3 03.01.30 15,587,000 $17.5m0.31% 0.31% AddedPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 5.8m, Q2 2026 15.6m +9.8m +9,767,000 167.8%
13 FIRSTENERGY CORP NOTE 3.625% 1/1 · principal FE 3.625 01.15.29 · principal FE 3.625 01.15.29 15,000,000 $16.4m0.29% 0.29% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 15.0m
14 AKAMAI TECHNOLOGIES INC NOTE 0.250% 5/1 · principal AKAM 0.25 05.15.33 · principal AKAM 0.25 05.15.33 11,151,000 $16.3m0.29% 0.29% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 11.2m
15 OXFORD LANE CAP CORP COM OXLC OXLC 1,771,302 $15.5m0.27% 0.27% ReducedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 3.2m, Q2 2026 1.8m -1.4m -1,415,928 -44.4%
16 IMMUNOCORE HLDGS PLC NOTE 2.500% 2/0 · principal IMCR 2.5 02.01.30 · principal IMCR 2.5 02.01.30 16,080,000 $14.8m0.26% 0.26% ReducedPrincipal held: Q3 2025 23.4m, Q4 2025 23.4m, Q1 2026 20.1m, Q2 2026 16.1m -4.0m -4,047,000 -20.1%
17 BLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 · principal BXMT 5.5 03.15.27 · principal BXMT 5.5 03.15.27 12,922,000 $12.9m0.23% 0.23% AddedPrincipal held: Q3 2025 0, Q4 2025 4.5m, Q1 2026 10.6m, Q2 2026 12.9m +2.3m +2,290,000 21.5%
18 PPL CAP FDG INC NOTE 2.875% 3/1 · principal PPL 2.875 03.15.28 · principal PPL 2.875 03.15.28 10,160,000 $11.5m0.20% 0.20% ReducedPrincipal held: Q3 2025 10.8m, Q4 2025 10.8m, Q1 2026 10.8m, Q2 2026 10.2m -645.0k -645,000 -6.0%
19 CLOUDFLARE INC NOTE 6/1 · principal NET 0 06.15.30 · principal NET 0 06.15.30 8,875,000 $11.2m0.20% 0.20% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 8.9m
20 FS KKR CAP CORP COM FSK FSK 980,587 $10.3m0.18% 0.18% UnchangedShares held: Q3 2025 980.6k, Q4 2025 980.6k, Q1 2026 980.6k, Q2 2026 980.6k
21 WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.29 · principal WEC 4.375 06.01.29 8,000,000 $9.9m0.17% 0.17% UnchangedPrincipal held: Q3 2025 8.0m, Q4 2025 8.0m, Q1 2026 8.0m, Q2 2026 8.0m
22 SABRE GLBL INC NOTE 7.320% 8/0 · principal SABHLD 7.32 08.01.26 · principal SABHLD 7.32 08.01.26 8,613,000 $8.7m0.15% 0.15% ReducedPrincipal held: Q3 2025 15.2m, Q4 2025 15.2m, Q1 2026 13.2m, Q2 2026 8.6m -4.6m -4,610,000 -34.9%
23 WINNEBAGO INDS INC NOTE 3.250% 1/1 · principal WGO 3.25 01.15.30 · principal WGO 3.25 01.15.30 9,251,000 $8.6m0.15% 0.15% AddedPrincipal held: Q3 2025 2.7m, Q4 2025 3.2m, Q1 2026 2.8m, Q2 2026 9.3m +6.4m +6,449,000 230.2%
24 REDFIN CORP NOTE 0.500% 4/0 · principal RDFN 0.5 04.01.27 · principal RDFN 0.5 04.01.27 8,357,000 $8.1m0.14% 0.14% AddedPrincipal held: Q3 2025 10.3m, Q4 2025 10.6m, Q1 2026 7.6m, Q2 2026 8.4m +801.0k +801,000 10.6%
25 JD.COM INC NOTE 0.250% 6/0 · principal JD 0.25 06.01.29 · principal JD 0.25 06.01.29 8,000,000 $7.9m0.14% 0.14% AddedPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 7.0m, Q2 2026 8.0m +1.0m +1,000,000 14.3%
26 TEMPUS AI INC CL A TEM TEM 117,652 $6.8m0.12% 0.12% UnchangedShares held: Q3 2025 117.7k, Q4 2025 117.7k, Q1 2026 117.7k, Q2 2026 117.7k
27 NORTHERN OIL & GAS INC NOTE 3.625% 4/1 · principal NOG 3.625 04.15.29 · principal NOG 3.625 04.15.29 6,244,000 $6.0m0.11% 0.11% ReducedPrincipal held: Q3 2025 390.0k, Q4 2025 24.1m, Q1 2026 19.2m, Q2 2026 6.2m -12.9m -12,921,000 -67.4%
28 NORWEGIAN CRUISE LINE HLDG L SHS NCLH NCLH 273,736 $5.8m0.10% 0.10% UnchangedShares held: Q3 2025 719.0k, Q4 2025 719.0k, Q1 2026 273.7k, Q2 2026 273.7k
29 SPDR S&P 500 ETF TR TR UNIT SPY SPY 5,920 $4.4m0.08% 0.08% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 5.9k
30 COHERUS BIOSCIENCES INC COM CHRS CHRS 3,036,076 $4.2m0.07% 0.07% UnchangedShares held: Q3 2025 3.0m, Q4 2025 3.0m, Q1 2026 3.0m, Q2 2026 3.0m
31 SNAP INC NOTE 0.125% 3/0 · principal SNAP 0.125 03.01.28 · principal SNAP 0.125 03.01.28 3,900,000 $3.6m0.06% 0.06% UnchangedPrincipal held: Q3 2025 6.9m, Q4 2025 6.9m, Q1 2026 3.9m, Q2 2026 3.9m
32 DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal DASH 0 05.15.30 2,970,000 $2.9m0.05% 0.05% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 3.0m
33 MERITAGE HOMES CORP NOTE 1.750% 5/1 · principal MTH 1.75 05.15.28 · principal MTH 1.75 05.15.28 1,348,000 $1.4m0.02% 0.02% ReducedPrincipal held: Q3 2025 2.6m, Q4 2025 2.6m, Q1 2026 2.6m, Q2 2026 1.3m -1.3m -1,300,000 -49.1%
34 MERIT MED SYS INC NOTE 3.000% 2/0 · principal MMSI 3 02.01.29 · principal MMSI 3 02.01.29 1,195,000 $1.3m0.02% 0.02% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.2m
35 ALKAMI TECHNOLOGY INC NOTE 1.500% 3/1 · principal ALKTEC 1.5 03.15.30 · principal ALKTEC 1.5 03.15.30 1,310,000 $1.3m0.02% 0.02% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.3m
36 COGENT BIOSCIENCES INC NOTE 1.625%11/1 · principal COGT 1.625 11.15.31 · principal COGT 1.625 11.15.31 990,000 $1.2m0.02% 0.02% UnchangedPrincipal held: Q3 2025 0, Q4 2025 990.0k, Q1 2026 990.0k, Q2 2026 990.0k
37 LANTHEUS HLDGS INC NOTE 2.625%12/1 · principal LNTH 2.625 12.15.27 · principal LNTH 2.625 12.15.27 808,000 $1.2m0.02% 0.02% UnchangedPrincipal held: Q3 2025 528.0k, Q4 2025 808.0k, Q1 2026 808.0k, Q2 2026 808.0k
38 RUBRIK INC. NOTE 6/1 · principal RBRK 0 06.15.30 · principal RBRK 0 06.15.30 1,142,000 $1.2m0.02% 0.02% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.1m
39 JAZZ INVESTMENTS I LTD NOTE 3.125% 9/1 · principal JAZZ 3.125 09.15.30 · principal JAZZ 3.125 09.15.30 683,000 $1.2m0.02% 0.02% ReducedPrincipal held: Q3 2025 1.5m, Q4 2025 1.5m, Q1 2026 1.5m, Q2 2026 683.0k -772.0k -772,000 -53.1%
40 GRANITE CONSTR INC NOTE 3.250% 6/1 · principal GVA 3.25 06.15.30 · principal GVA 3.25 06.15.30 555,000 $1.2m0.02% 0.02% AddedPrincipal held: Q3 2025 0, Q4 2025 250.0k, Q1 2026 250.0k, Q2 2026 555.0k +305.0k +305,000 122.0%
41 CHEESECAKE FACTORY INC NOTE 2.000% 3/1 · principal CAKE 2 03.15.30 · principal CAKE 2 03.15.30 902,000 $1.2m0.02% 0.02% ReducedPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 1.3m, Q2 2026 902.0k -368.0k -368,000 -29.0%
42 ALPHATEC HLDGS INC NOTE 0.750% 3/1 · principal ATEC 0.75 03.15.30 · principal ATEC 0.75 03.15.30 1,180,000 $1.1m0.02% 0.02% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.2m
43 NUTANIX INC NOTE 0.500%12/1 · principal NTNX 0.5 12.15.29 · principal NTNX 0.5 12.15.29 1,114,000 $1.1m0.02% 0.02% ReducedPrincipal held: Q3 2025 0, Q4 2025 1.9m, Q1 2026 1.9m, Q2 2026 1.1m -790.0k -790,000 -41.5%
44 AEROVIRONMENT INC NOTE 7/1 · principal AVAV 0 07.15.30 · principal AVAV 0 07.15.30 1,086,000 $1.0m0.02% 0.02% UnchangedPrincipal held: Q3 2025 895.0k, Q4 2025 1.1m, Q1 2026 1.1m, Q2 2026 1.1m
45 UNITY SOFTWARE INC NOTE 3/1 · principal U 0 03.15.30 · principal U 0 03.15.30 915,000 $1.0m0.02% 0.02% UnchangedPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 915.0k, Q2 2026 915.0k
46 GOLAR LNG LTD NOTE 2.750%12/1 · principal GLNG 2.75 12.15.30 · principal GLNG 2.75 12.15.30 870,000 $992.6k0.02% 0.02% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 870.0k
47 ARROWHEAD PHARMACEUTICALS IN NOTE 1/1 · principal ARWR 0 01.15.32 · principal ARWR 0 01.15.32 800,000 $958.0k0.02% 0.02% UnchangedPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 800.0k, Q2 2026 800.0k
48 OMNICELL COM NOTE 1.000%12/0 · principal OMCL 1 12.01.29 · principal OMCL 1 12.01.29 873,000 $927.6k0.02% 0.02% ReducedPrincipal held: Q3 2025 0, Q4 2025 1.4m, Q1 2026 1.4m, Q2 2026 873.0k -532.0k -532,000 -37.9%
49 VARONIS SYS INC NOTE 1.000% 9/1 · principal VRNS 1 09.15.29 · principal VRNS 1 09.15.29 868,000 $843.0k0.01% 0.01% ReducedPrincipal held: Q3 2025 1.8m, Q4 2025 2.4m, Q1 2026 2.4m, Q2 2026 868.0k -1.5m -1,531,000 -63.8%
50 INTEGER HLDGS CORP DBCV 1.875% 3/1 · principal ITGR 1.875 03.15.30 · principal ITGR 1.875 03.15.30 852,000 $827.5k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 852.0k
51 PATRICK INDS INC NOTE 1.750%12/0 · principal PATK 1.75 12.01.28 · principal PATK 1.75 12.01.28 539,000 $799.0k0.01% 0.01% UnchangedPrincipal held: Q3 2025 1.4m, Q4 2025 539.0k, Q1 2026 539.0k, Q2 2026 539.0k
52 MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 · principal MCHP 0.75 06.01.30 · principal MCHP 0.75 06.01.30 685,000 $754.8k0.01% 0.01% UnchangedPrincipal held: Q3 2025 0, Q4 2025 240.0k, Q1 2026 685.0k, Q2 2026 685.0k
53 BILL HOLDINGS INC NOTE 4/0 · principal BILL 0 04.01.30 · principal BILL 0 04.01.30 870,000 $753.7k0.01% 0.01% UnchangedPrincipal held: Q3 2025 0, Q4 2025 870.0k, Q1 2026 870.0k, Q2 2026 870.0k
54 SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.29 · principal SNOW 0 10.01.29 420,000 $743.7k0.01% 0.01% ReducedPrincipal held: Q3 2025 2.7m, Q4 2025 2.6m, Q1 2026 1.0m, Q2 2026 420.0k -590.0k -590,000 -58.4%
55 TRAVERE THERAPEUTICS INC NOTE 2.250% 3/0 · principal TVTX 2.25 03.01.29 · principal TVTX 2.25 03.01.29 382,000 $709.0k0.01% 0.01% ReducedPrincipal held: Q3 2025 2.0m, Q4 2025 2.0m, Q1 2026 860.0k, Q2 2026 382.0k -478.0k -478,000 -55.6%
56 PARSONS CORP DEL NOTE 2.625% 3/0 · principal PSN 2.625 03.01.29 · principal PSN 2.625 03.01.29 692,000 $682.5k0.01% 0.01% ReducedPrincipal held: Q3 2025 1.3m, Q4 2025 2.0m, Q1 2026 2.0m, Q2 2026 692.0k -1.3m -1,308,000 -65.4%
57 SYNAPTICS INC NOTE 0.750%12/0 · principal SYNA 0.75 12.01.31 · principal SYNA 0.75 12.01.31 438,000 $651.2k0.01% 0.01% AddedPrincipal held: Q3 2025 0, Q4 2025 320.0k, Q1 2026 320.0k, Q2 2026 438.0k +118.0k +118,000 36.9%
58 BRIDGEBIO PHARMA INC NOTE 1.750% 3/0 · principal BBIO 1.75 03.01.31 · principal BBIO 1.75 03.01.31 385,000 $648.5k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 385.0k
59 ENOVIS CORPORATION NOTE 3.875%10/1 · principal ENOV 3.875 10.15.28 · principal ENOV 3.875 10.15.28 672,000 $647.8k0.01% 0.01% ReducedPrincipal held: Q3 2025 1.2m, Q4 2025 1.2m, Q1 2026 1.2m, Q2 2026 672.0k -480.0k -480,000 -41.7%
60 PROGRESS SOFTWARE CORP NOTE 3.500% 3/0 · principal PRGS 3.5 03.01.30 · principal PRGS 3.5 03.01.30 657,000 $631.5k0.01% 0.01% ReducedPrincipal held: Q3 2025 2.1m, Q4 2025 1.0m, Q1 2026 1.0m, Q2 2026 657.0k -384.0k -384,000 -36.9%
61 UBER TECHNOLOGIES INC NOTE 0.875%12/0 · principal UBER 0.875 12.01.28 2028 · principal UBER 0.875 12.01.28 2028 520,000 $623.0k0.01% 0.01% UnchangedPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 520.0k, Q2 2026 520.0k
62 DATADOG INC NOTE 12/0 · principal DDOG 0 12.01.29 · principal DDOG 0 12.01.29 420,000 $598.1k0.01% 0.01% ReducedPrincipal held: Q3 2025 0, Q4 2025 1.2m, Q1 2026 1.2m, Q2 2026 420.0k -740.0k -740,000 -63.8%
63 GUIDEWIRE SOFTWARE INC NOTE 1.250%11/0 · principal GWRE 1.25 11.01.29 · principal GWRE 1.25 11.01.29 595,000 $572.7k0.01% 0.01% UnchangedPrincipal held: Q3 2025 0, Q4 2025 4.1m, Q1 2026 595.0k, Q2 2026 595.0k
64 SOLARIS ENERGY INFRAS INC NOTE 0.250%10/0 · principal SEI 0.25 10.01.31 · principal SEI 0.25 10.01.31 350,000 $570.1k0.01% 0.01% UnchangedPrincipal held: Q3 2025 0, Q4 2025 350.0k, Q1 2026 350.0k, Q2 2026 350.0k
65 GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal GPN 1.5 03.01.31 630,000 $567.0k0.01% 0.01% UnchangedPrincipal held: Q3 2025 630.0k, Q4 2025 630.0k, Q1 2026 630.0k, Q2 2026 630.0k
66 SPECTRUM BRANDS INC NOTE 3.375% 6/0 · principal SPB 3.375 06.01.29 · principal SPB 3.375 06.01.29 538,000 $562.0k0.01% 0.01% ReducedPrincipal held: Q3 2025 892.0k, Q4 2025 892.0k, Q1 2026 892.0k, Q2 2026 538.0k -354.0k -354,000 -39.7%
67 UGI CORP NEW NOTE 5.000% 6/0 · principal UGI 5 06.01.28 · principal UGI 5 06.01.28 415,000 $556.0k0.01% 0.01% ReducedPrincipal held: Q3 2025 13.1m, Q4 2025 13.1m, Q1 2026 1.1m, Q2 2026 415.0k -670.0k -670,000 -61.8%
68 BLACKLINE INC NOTE 1.000% 6/0 · principal BL 1 06.01.29 · principal BL 1 06.01.29 600,000 $553.8k0.01% 0.01% UnchangedPrincipal held: Q3 2025 4.6m, Q4 2025 600.0k, Q1 2026 600.0k, Q2 2026 600.0k
69 LIVE NATION ENTERTAINMENT IN NOTE 2.875% 1/1 · principal LYV 2.875 01.15.30 · principal LYV 2.875 01.15.30 460,000 $550.2k0.01% 0.01% UnchangedPrincipal held: Q3 2025 0, Q4 2025 460.0k, Q1 2026 460.0k, Q2 2026 460.0k
70 OSI SYSTEMS INC NOTE 2.250% 8/0 · principal OSIS 2.25 08.01.29 · principal OSIS 2.25 08.01.29 375,000 $501.4k0.01% 0.01% UnchangedPrincipal held: Q3 2025 575.0k, Q4 2025 375.0k, Q1 2026 375.0k, Q2 2026 375.0k
71 IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal IRTC 1.5 09.01.29 450,000 $495.7k0.01% 0.01% UnchangedPrincipal held: Q3 2025 450.0k, Q4 2025 450.0k, Q1 2026 450.0k, Q2 2026 450.0k
72 AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 · principal AKAM 1.125 02.15.29 · principal AKAM 1.125 02.15.29 415,000 $494.6k0.01% 0.01% ReducedPrincipal held: Q3 2025 765.0k, Q4 2025 765.0k, Q1 2026 765.0k, Q2 2026 415.0k -350.0k -350,000 -45.8%
73 RIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 · principal RIVN 3.625 10.15.30 · principal RIVN 3.625 10.15.30 445,000 $475.1k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 445.0k
74 MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal MKSI 1.25 06.01.30 161,000 $474.5k0.01% 0.01% ReducedPrincipal held: Q3 2025 1.6m, Q4 2025 1.6m, Q1 2026 859.0k, Q2 2026 161.0k -698.0k -698,000 -81.3%
75 TRAVERE THERAPEUTICS INC NOTE 0.500% 5/1 · principal TVTX 0.5 05.15.32 · principal TVTX 0.5 05.15.32 400,000 $471.0k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 400.0k
76 VSE CORP UNIT 02/01/2029 VSEC 5.75 02.01.29 VSEC 5.75 02.01.29 8,000 $461.4k0.01% 0.01% UnchangedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 8.0k, Q2 2026 8.0k
77 ENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 · principal NVST 1.75 08.15.28 · principal NVST 1.75 08.15.28 440,000 $441.9k0.01% 0.01% ReducedPrincipal held: Q3 2025 800.0k, Q4 2025 800.0k, Q1 2026 800.0k, Q2 2026 440.0k -360.0k -360,000 -45.0%
78 LIVANOVA PLC NOTE 2.500% 3/1 · principal LIVN 2.5 03.15.29 · principal LIVN 2.5 03.15.29 295,000 $402.0k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 295.0k
79 FLUENCE ENERGY INC NOTE 2.250% 6/1 · principal FLNC 2.25 06.15.30 · principal FLNC 2.25 06.15.30 310,000 $398.2k0.01% 0.01% UnchangedPrincipal held: Q3 2025 0, Q4 2025 310.0k, Q1 2026 310.0k, Q2 2026 310.0k
80 HAEMONETICS CORP MASS NOTE 2.500% 6/0 · principal HAE 2.5 06.01.29 · principal HAE 2.5 06.01.29 376,000 $381.9k0.01% 0.01% ReducedPrincipal held: Q3 2025 745.0k, Q4 2025 745.0k, Q1 2026 745.0k, Q2 2026 376.0k -369.0k -369,000 -49.5%
81 MIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 · principal MIRM 4 05.01.29 · principal MIRM 4 05.01.29 94,000 $348.0k0.01% 0.01% ReducedPrincipal held: Q3 2025 894.0k, Q4 2025 244.0k, Q1 2026 244.0k, Q2 2026 94.0k -150.0k -150,000 -61.5%
82 CELCUITY INC NOTE 2.750% 8/0 · principal CELC 2.75 08.01.31 · principal CELC 2.75 08.01.31 153,000 $344.6k0.01% 0.01% ReducedPrincipal held: Q3 2025 285.0k, Q4 2025 285.0k, Q1 2026 285.0k, Q2 2026 153.0k -132.0k -132,000 -46.3%
83 CELCUITY INC NOTE 0.250% 8/0 · principal CELC 0.25 08.01.32 · principal CELC 0.25 08.01.32 300,000 $342.4k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 300.0k
84 ON SEMICONDUCTOR CORP NOTE 0.500% 3/0 · principal ON 0.5 03.01.29 · principal ON 0.5 03.01.29 275,000 $332.1k0.01% 0.01% ReducedPrincipal held: Q3 2025 2.8m, Q4 2025 2.3m, Q1 2026 2.3m, Q2 2026 275.0k -2.0m -1,979,000 -87.8%
85 FLUOR CORP NOTE 1.125% 8/1 · principal FLR 1.125 08.15.29 · principal FLR 1.125 08.15.29 245,000 $325.1k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 245.0k
86 ITRON INC NOTE 1.375% 7/1 · principal ITRI 1.375 07.15.30 · principal ITRI 1.375 07.15.30 322,000 $321.5k0.01% 0.01% ReducedPrincipal held: Q3 2025 2.5m, Q4 2025 1.5m, Q1 2026 1.5m, Q2 2026 322.0k -1.2m -1,172,000 -78.5%
87 LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 · principal FWONK 2.25 08.15.27 · principal FWONK 2.25 08.15.27 256,000 $317.7k0.01% 0.01% ReducedPrincipal held: Q3 2025 531.0k, Q4 2025 531.0k, Q1 2026 531.0k, Q2 2026 256.0k -275.0k -275,000 -51.8%
88 PAGERDUTY INC NOTE 1.500%10/1 · principal PD 1.5 10.15.28 * · principal PD 1.5 10.15.28 * 335,000 $314.7k0.01% 0.01% ReducedPrincipal held: Q3 2025 752.0k, Q4 2025 752.0k, Q1 2026 752.0k, Q2 2026 335.0k -417.0k -417,000 -55.5%
89 REVOLUTION MEDICINES INC NOTE 0.500% 5/0 · principal RVMD 0.5 05.01.33 · principal RVMD 0.5 05.01.33 250,000 $313.6k0.01% 0.01% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 250.0k
90 BENTLEY SYS INC NOTE 0.375% 7/0 · principal BSY 0.375 07.01.27 · principal BSY 0.375 07.01.27 291,000 $279.7k0.00% 0.00% ReducedPrincipal held: Q3 2025 805.0k, Q4 2025 805.0k, Q1 2026 805.0k, Q2 2026 291.0k -514.0k -514,000 -63.9%
91 WEC ENERGY GROUP INC NOTE 3.375% 6/0 · principal WEC 3.375 06.01.28 · principal WEC 3.375 06.01.28 265,000 $275.4k0.00% 0.00% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 265.0k
92 SOUTHERN CO NOTE 3.250% 6/1 · principal SO 3.25 06.15.28 · principal SO 3.25 06.15.28 270,000 $273.1k0.00% 0.00% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 270.0k
93 WILLIS LEASE FIN CORP NOTE 2.500% 5/1 · principal WLFC 2.5 05.15.31 · principal WLFC 2.5 05.15.31 250,000 $272.0k0.00% 0.00% NewPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 250.0k
94 ALARM COM HLDGS INC NOTE 2.250% 6/0 · principal ALRM 2.25 06.01.29 · principal ALRM 2.25 06.01.29 270,000 $256.9k0.00% 0.00% UnchangedPrincipal held: Q3 2025 705.0k, Q4 2025 705.0k, Q1 2026 270.0k, Q2 2026 270.0k
95 SHIFT4 PMTS INC NOTE 0.500% 8/0 · principal FOUR 0.5 08.01.27 · principal FOUR 0.5 08.01.27 265,000 $253.1k0.00% 0.00% UnchangedPrincipal held: Q3 2025 265.0k, Q4 2025 265.0k, Q1 2026 265.0k, Q2 2026 265.0k
96 SNAP INC NOTE 0.500% 5/0 · principal SNAP 0.5 05.01.30 · principal SNAP 0.5 05.01.30 305,000 $249.3k0.00% 0.00% ReducedPrincipal held: Q3 2025 855.0k, Q4 2025 855.0k, Q1 2026 855.0k, Q2 2026 305.0k -550.0k -550,000 -64.3%
97 WORKIVA INC NOTE 1.250% 8/1 · principal WK 1.25 08.15.28 · principal WK 1.25 08.15.28 261,000 $244.6k0.00% 0.00% UnchangedPrincipal held: Q3 2025 711.0k, Q4 2025 711.0k, Q1 2026 261.0k, Q2 2026 261.0k
98 LEMAITRE VASCULAR INC NOTE 2.500% 2/0 · principal LMAT 2.5 02.01.30 · principal LMAT 2.5 02.01.30 200,000 $212.6k0.00% 0.00% UnchangedPrincipal held: Q3 2025 0, Q4 2025 200.0k, Q1 2026 200.0k, Q2 2026 200.0k
99 PAR TECHNOLOGY CORP NOTE 1.000% 1/1 · principal PAR 1 01.15.30 · principal PAR 1 01.15.30 250,000 $202.3k0.00% 0.00% UnchangedPrincipal held: Q3 2025 0, Q4 2025 0, Q1 2026 250.0k, Q2 2026 250.0k

Sold out since Q1 2026

SecurityTickerShares held beforeValue then
AMERICAN WTR CAP CORP AWK 3.625 06.15.26 AWK 3.625 06.15.26 34,515,000 $34.5m34.5m shares
BLOCK INC XYZ 0 05.01.26 XYZ 0 05.01.26 31,825,000 $31.7m31.8m shares
TELADOC HEALTH INC TDOC 1.25 06.01.27 TDOC 1.25 06.01.27 4,694,000 $4.5m4.7m shares
SEAGATE HDD CAYMAN STX 3.5 06.01.28 STX 3.5 06.01.28 395,000 $1.9m395.0k shares
LIVE NATION ENTERTAINMENT IN LYV 3.125 01.15.29 LYV 3.125 01.15.29 1,058,000 $1.6m1.1m shares
LUMENTUM HLDGS INC LITE 0.5 06.15.28 LITE 0.5 06.15.28 245,000 $1.3m245.0k shares
WESTERN DIGITAL CORP WDC 3 11.15.28 WDC 3 11.15.28 180,000 $1.3m180.0k shares
GUARDANT HEALTH INC GH 1.25 02.15.31 GH 1.25 02.15.31 745,000 $1.3m745.0k shares
IONIS PHARMACEUTICALS INC IONS 1.75 06.15.28 IONS 1.75 06.15.28 760,000 $1.1m760.0k shares
POST HLDGS INC POST 2.5 08.15.27 POST 2.5 08.15.27 1,036,000 $1.1m1.0m shares
HALOZYME THERAPEUTICS INC HALO 0.25 03.01.27 HALO 0.25 03.01.27 915,000 $953.3k915.0k shares
ADVANCED ENERGY INDS AEIS 2.5 09.15.28 AEIS 2.5 09.15.28 375,000 $902.4k375.0k shares
VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26 VTR 3.75 06.01.26 414,000 $616.6k414.0k shares
BIOMARIN PHARMACEUTICAL INC BMRN 1.25 05.15.27 BMRN 1.25 05.15.27 534,000 $515.3k534.0k shares
DEXCOM INC DXCM 0.375 05.15.28 DXCM 0.375 05.15.28 505,000 $465.7k505.0k shares
PPL CORP PPL 7 02.15.29 PPL 7 02.15.29 6,300 $323.1k6.3k shares