Benefit Street Partners LLC

NEW YORK, NY · CIK 1543160 · 13F filing filed 2026-07-21

SEC-registered investment adviser since 2011 · limited liability company

Assets managed$28.3bn
Staff241 · 110 in investment roles
Main clients (by assets)Private funds 97%, Mutual funds and ETFs 3%
Private funds71 (47 hedge) · $27.7bn gross assets
Form ADV · 2026-07-30SEC adviser record

Legal entityBENEFIT STREET PARTNERS L.L.C. (US)

$69.6m reported value -19.4% vs Q1 2026

21positions

85.1%in top 10

6 new 2 added 5 reduced 4 sold out vs Q1 2026

Holdings, Q2 2026

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

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	RIOT PLATFORMS INC NOTE 0.750% 1/1 · principal RIOT 0.75 01.15.30 · principal	RIOT 0.75 01.15.30	7,815,000	$15.6m22.38%	22.38%	Reduced -18.0m	-18,010,000 -69.7%
2	PG&E CORP PFD CONV SER A PCG 6 12.01.27 A	PCG 6 12.01.27 A	333,260	$13.8m19.80%	19.80%	Unchanged
3	ECHOSTAR CORP CL A ECHO	ECHO	109,527	$11.1m15.96%	15.96%	Reduced -11.6k	-11,639 -9.6%
4	ECHOSTAR CORP NOTE 3.875%11/3 · principal ECHO 3.875 11.30.30 · principal	ECHO 3.875 11.30.30	1,970,000	$6.1m8.70%	8.70%	Added +574.0k	+574,000 41.1%
5	GRAFTECH INTL LTD SR NT COM NEW EAF	EAF	736,745	$4.4m6.25%	6.25%	Added +23.7k	+23,683 3.3%
6	EVOLENT HEALTH INC CL A EVH	EVH	363,165	$2.0m2.83%	2.83%	New
7	NORTHERN OIL & GAS INC NOTE 3.625% 4/1 · principal NOG 3.625 04.15.29 · principal	NOG 3.625 04.15.29	2,000,000	$1.9m2.74%	2.74%	New
8	COINBASE GLOBAL INC NOTE 0.250% 4/0 · principal COIN 0.25 04.01.30 · principal	COIN 0.25 04.01.30	1,750,000	$1.6m2.24%	2.24%	Unchanged
9	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	500,000	$1.5m2.13%	2.13%	Unchanged
10	PELOTON INTERACTIVE INC CL A COM PTON	PTON	250,000	$1.5m2.12%	2.12%	Unchanged
11	FLUENCE ENERGY INC NOTE 2.250% 6/1 · principal FLNC 2.25 06.15.30 · principal	FLNC 2.25 06.15.30	1,000,000	$1.3m1.83%	1.83%	Reduced -1.0m	-1,000,000 -50.0%
12	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.29 · principal	SNOW 0 10.01.29	710,000	$1.3m1.80%	1.80%	Unchanged
13	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	125,000	$1.2m1.69%	1.69%	New
14	JETBLUE AIRWAYS CORP NOTE 2.500% 9/0 · principal JBLU 2.5 09.01.29 · principal	JBLU 2.5 09.01.29	1,000,000	$1.1m1.58%	1.58%	Reduced -3.8m	-3,750,000 -79.0%
15	DATADOG INC NOTE 12/0 · principal DDOG 0 12.01.29 · principal	DDOG 0 12.01.29	750,000	$1.1m1.54%	1.54%	Unchanged
16	CLOUDFLARE INC NOTE 6/1 · principal NET 0 06.15.30 · principal	NET 0 06.15.30	750,000	$954.7k1.37%	1.37%	New
17	MCEWEN INC. COM NEW MUX	MUX	50,000	$906.5k1.30%	1.30%	New
18	STRATEGY INC NOTE 3/0 · principal MSTR 0 03.01.30 · principal	MSTR 0 03.01.30	1,000,000	$878.3k1.26%	1.26%	Unchanged
19	DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal	DASH 0 05.15.30	750,000	$740.1k1.06%	1.06%	New
20	MERCER INTL INC COM MERC	MERC	787,371	$519.7k0.75%	0.75%	Unchanged
21	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	10,444	$469.5k0.67%	0.67%	Reduced -10.4k	-10,444 -50.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BLACKSTONE MORTGAGE TRUST IN BXMT 5.5 03.15.27	BXMT 5.5 03.15.27	1,700,000	$1.7m1.7m shares
SHIFT4 PMTS INC FOUR 0.5 08.01.27	FOUR 0.5 08.01.27	1,250,000	$1.2m1.2m shares
STRATEGY INC MSTR 0.625 09.15.28	MSTR 0.625 09.15.28	540,000	$593.1k540.0k shares
GOHEALTH INC		13,592	$20.5k13.6k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ALTISOURCE PORTFOLIO SOLNS S 13G · filed 2025-04-07		29.9%	new	13G	2025-04-07

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-08-03	ALTISOURCE PORTFOLIO SOLUTIO 10% owner	ASPS	Bought	48,991	$283.2k49.0k shares	+3%
2026-07-31	ALTISOURCE PORTFOLIO SOLUTIO 10% owner	ASPS	Bought	1,009	$5.5k1.0k shares	+<1%