13F-HR

Q4 2018

Period Dec 31, 2018Filed Feb 14, 2019View on EDGAR ↗

Compare vs

QoQ YoY

4 quarters back (Q4 2017)

Positions

165

Total value

$3.3B

Top 10 concentration

50.7%

New positions

130

Exited positions· 161 vs. Q4 2017

Holdings · 165

#		Sector	Class
1	LIBERTY BROADBAND CORP LBRDK · 530307305	—	COM SER C	$525.16M	15.91%	7,290,838	-5.9%
2	VICI PPTYS INC VICI · 925652109	Real Estate	COM	$392.48M	11.89%	20,898,926	New
3	CAESARS ENTMT CORP CZREUR · 127686103	—	COM	$225.16M	6.82%	33,160,623	-3.9%
4	ALTABA INC AABAUSD · 021346101	—	COM	$148.13M	4.49%	2,556,619	-1.0%
5	ROVI CORP 779376AD4	—	NOTE 0.500% 3/0	$107.99M	3.27%	113,222,000	-30.4%
6	SPDR S&P 500 ETF TR 78462F103 · Put	—	TR UNIT	$81.22M	2.46%	325,000	New
7	INVESCO QQQ TR 46090E103 · Put	—	UNIT SER 1	$52.9M	1.60%	342,900	New
8	MONDELEZ INTL INC MDLZ · 609207105	Consumer Staples	CL A	$52.19M	1.58%	1,303,800	New
9	SELECT SECTOR SPDR TR XLF · 81369Y605	—	SBI INT-FINL	$48.25M	1.46%	2,025,759	+93.1%
10	ISHARES TR IWB · 464287622	—	RUS 1000 ETF	$39.6M	1.20%	285,531	New
11	PHILIP MORRIS INTL INC PM · 718172109	Consumer Staples	COM	$39.39M	1.19%	590,000	New
12	COUPA SOFTWARE INC COUPEUR · 22266L106	—	COM	$38.35M	1.16%	610,000	New
13	CAESARS ENTMT CORP 127686AA1	—	NOTE 5.000%10/0	$38.21M	1.16%	30,719,943	-55.4%
14	GCI LIBERTY INC GLIBA · 36164V305	—	COM CLASS A	$37.46M	1.13%	910,000	New
15	T MOBILE US INC TMUS · 872590104	Communication Services	COM	$34.99M	1.06%	550,000	New
16	LPL FINL HLDGS INC LPLA · 50212V100	—	COM	$34.94M	1.06%	571,971	+286.2%
17	VERIZON COMMUNICATIONS INC VZ · 92343V104	Communication Services	COM	$34.42M	1.04%	612,315	New
18	INSEEGO CORP 45782BAA2	—	NOTE 5.500% 6/1	$34.4M	1.04%	30,769,000	-35.6%
19	MCCORMICK & CO INC MKC · 579780206	Consumer Staples	COM NON VTG	$29.94M	0.91%	215,000	New
20	VEECO INSTRS INC DEL 922417AD2	—	NOTE 2.700% 1/1	$29.61M	0.90%	39,000,000	New
21	SALESFORCE COM INC CRM · 79466L302	Information Technology	COM	$28.08M	0.85%	205,000	New
22	RINGCENTRAL INC RNG · 76680R206	Information Technology	CL A	$28.03M	0.85%	340,000	+36.0%
23	ON SEMICONDUCTOR CORP 682189AK1	—	NOTE 1.000%12/0	$27.63M	0.84%	25,000,000	New
24	ALPHABET INC GOOGL · 02079K305	Communication Services	CAP STK CL A	$26.12M	0.79%	25,000	+443.5%
25	RED HAT INC RHT1EUR · 756577102	—	COM	$24.8M	0.75%	141,183	New
26	INFINERA CORPORATION 45667GAC7	—	NOTE 2.125% 9/0	$24.78M	0.75%	34,000,000	New
27	LIONS GATE ENTMNT CORP LGFEUR · 535919401	—	CL A VTG	$24.15M	0.73%	1,500,000	+275.0%
28	AMAZON COM INC AMZN · 023135106	Consumer Discretionary	COM	$24.03M	0.73%	16,000	New
29	CONAGRA BRANDS INC CAG · 205887102	Consumer Staples	COM	$24.03M	0.73%	1,125,000	New
30	CYPRESS SEMICONDUCTOR CORP 232806AM1	—	NOTE 4.500% 1/1	$23.67M	0.72%	20,000,000	New
31	HERSHEY CO HSY · 427866108	Consumer Staples	COM	$23.58M	0.71%	220,000	New
32	ENERGIZER HLDGS INC NEW ENR · 29272W109	Consumer Staples	COM	$23.25M	0.70%	515,000	New
33	LIBERTY MEDIA CORP DELAWARE 531229AE2	—	DEB 2.250% 9/3	$23.16M	0.70%	48,700,000	+143.5%
34	NRG ENERGY INC NRG · 629377508	Utilities	COM NEW	$22.77M	0.69%	575,000	New
35	TESLA INC TSLA · 88160RAC5	Consumer Discretionary	NOTE 1.250% 3/0	$22.52M	0.68%	20,000,000	New
36	UNITEDHEALTH GROUP INC UNH · 91324P102	Health Care	COM	$21.18M	0.64%	85,000	New
37	AT&T INC T · 00206R102	Communication Services	COM	$20.97M	0.64%	734,775	New
38	JPMORGAN CHASE & CO JPM · 46625H100	Financials	COM	$20.72M	0.63%	212,244	New
39	ZILLOW GROUP INC 98954MAB7	—	NOTE 2.000%12/0	$20.02M	0.61%	20,500,000	New
40	SPRINT CORP 85207U105 · Call	—	COM SER 1	$19.96M	0.60%	3,429,100	New
41	ALLOT COMMUNICATIONS LTD ALLT · M0854Q105	—	SHS	$19.84M	0.60%	3,268,623	-38.2%
42	DISNEY WALT CO DIS · 254687106	Communication Services	COM DISNEY	$19.52M	0.59%	178,001	New
43	COMERICA INC CMA · 200340107	—	COM	$18.5M	0.56%	269,265	+30.8%
44	CTRIP COM INTL LTD 22943FAF7	—	NOTE 1.000% 7/0	$18.11M	0.55%	19,500,000	New
45	RAMBUS INC DEL 750917AG1	—	NOTE 1.375% 2/0	$17.88M	0.54%	20,500,000	New
46	E TRADE FINANCIAL CORP ETRA · 269246401	—	COM NEW	$17.86M	0.54%	407,091	New
47	SVB FINL GROUP SIVBEUR · 78486Q101	—	COM	$16.2M	0.49%	85,297	New
48	BUNGE LIMITED G16962105	—	COM	$16.03M	0.49%	300,000	New
49	BANK AMER CORP BAC · 060505104	Financials	COM	$15.87M	0.48%	643,968	+143.4%
50	ZILLOW GROUP INC 98954MAC5	—	NOTE 1.500% 7/0	$15.55M	0.47%	18,000,000	New
51	SILICON LABORATORIES INC 826919AB8	—	NOTE 1.375% 3/0	$15.25M	0.46%	14,400,000	New
52	CEMEX SAB DE CV 151290BR3	—	NOTE 3.720% 3/1	$15.16M	0.46%	15,500,000	+3.3%
53	TIVO CORP TIVOEUR · 88870P106	—	COM	$14.76M	0.45%	1,568,485	-59.3%
54	DISH NETWORK CORP 25470MAB5	—	NOTE 3.375% 8/1	$14.58M	0.44%	18,000,000	-41.9%
55	CF INDS HLDGS INC CF · 125269100	Materials	COM	$14.58M	0.44%	335,000	New
56	SERVICENOW INC NOW · 81762P102	Information Technology	COM	$14.24M	0.43%	80,000	New
57	ARCHER DANIELS MIDLAND CO ADM · 039483102	Consumer Staples	COM	$13.32M	0.40%	325,000	New
58	SPDR SERIES TRUST 78464A730 · Call	—	S&P OILGAS EXP	$13.27M	0.40%	500,000	New
59	WELLS FARGO CO NEW WFC · 949746101	Financials	COM	$13.16M	0.40%	285,630	New
60	KRAFT HEINZ CO KHC · 500754106	Consumer Staples	COM	$12.91M	0.39%	300,000	New
61	WAYFAIR INC W · 94419LAB7	—	NOTE 0.375% 9/0	$12.41M	0.38%	11,500,000	New
62	WORKDAY INC 98138HAF8	—	NOTE 0.250%10/0	$12.27M	0.37%	10,000,000	New
63	IAC INTERACTIVECORP IACIEUR · 44919P508	—	COM	$11.9M	0.36%	65,000	New
64	INTELSAT S A L5140P101	—	COM	$11.74M	0.36%	548,747	New
65	INTEGRATED DEVICE TECHNOLOGY 458118AC0	—	NOTE 0.875%11/1	$11.64M	0.35%	7,500,000	New
66	ENCANA CORP 292505104	—	COM	$11.56M	0.35%	2,000,000	New
67	SIRIUS XM HLDGS INC SIRI · 82968B103	—	COM	$11.19M	0.34%	1,959,400	New
68	ZIONS BANCORPORATION N A ZION · 989701107	Financials	COM	$11M	0.33%	269,934	+38.8%
69	ONEOK INC NEW OKE · 682680103	Energy	COM	$10.79M	0.33%	200,000	—
70	MORGAN STANLEY MS · 617446448	Financials	COM NEW	$10.54M	0.32%	265,860	New
71	VIAVI SOLUTIONS INC 925550AB1	—	NOTE 1.000% 3/0	$9.89M	0.30%	10,000,000	New
72	ANHEUSER BUSCH INBEV SA/NV BUD · 03524A108	—	SPONSORED ADR	$9.87M	0.30%	150,000	New
73	SERVICENOW INC 81762PAC6	—	NOTE 6/0	$9.79M	0.30%	7,000,000	New
74	CITIGROUP INC C · 172967424	Financials	COM NEW	$9.52M	0.29%	182,867	New
75	PANDORA MEDIA INC 698354107	—	COM	$9.33M	0.28%	1,153,685	New
76	SS&C TECHNOLOGIES HLDGS INC SSNC · 78467J100	—	COM	$8.81M	0.27%	195,266	New
77	CME GROUP INC CME · 12572Q105	Financials	COM CL A	$8.67M	0.26%	46,102	+53.7%
78	WPX ENERGY INC WPXUSD · 98212B103	—	COM	$7.95M	0.24%	700,000	New
79	PANDORA MEDIA INC 698354107 · Call	—	COM	$7.93M	0.24%	979,700	New
80	SPDR S&P 500 ETF TR SPY · 78462F103	—	TR UNIT	$7.86M	0.24%	31,444	+123.0%
81	VIPER ENERGY PARTNERS LP 92763M105	—	COM UNT RP INT	$7.54M	0.23%	289,644	New
82	COLGATE PALMOLIVE CO CL · 194162103	Consumer Staples	COM	$7.44M	0.23%	125,000	New
83	COTY INC COTY · 222070203	Consumer Staples	COM CL A	$7.38M	0.22%	1,125,000	+764.7%
84	TRIBUNE MEDIA CO TRCO · 896047503	—	CL A	$6.88M	0.21%	151,500	+18.2%
85	NAVISTAR INTL CORP NEW 63934EAS7	—	NOTE 4.750% 4/1	$6.8M	0.21%	6,800,000	New
86	LIVE NATION ENTERTAINMENT IN LYV · 538034109	Communication Services	COM	$6.76M	0.20%	137,160	New
87	WEATHERFORD INTL LTD 947075AH0	—	NOTE 5.875% 7/0	$6.37M	0.19%	10,000,000	New
88	SUNCOR ENERGY INC NEW SU · 867224107	—	COM	$6.29M	0.19%	225,000	New
89	WORLD WRESTLING ENTMT INC WWEUSD · 98156Q108	—	CL A	$6.22M	0.19%	83,277	New
90	US BANCORP DEL USB · 902973304	Financials	COM NEW	$5.44M	0.16%	119,003	New
91	FALCON MINERALS CORP 30607B109	—	CL A COM	$5.42M	0.16%	638,039	New
92	PNC FINL SVCS GROUP INC PNC · 693475105	Financials	COM	$5.37M	0.16%	45,904	New
93	AMERICAN EXPRESS CO AXP · 025816109	Financials	COM	$5.35M	0.16%	56,077	New
94	CHUBB LIMITED H1467J104	—	COM	$5.21M	0.16%	40,306	New
95	PHILLIPS 66 PSX · 718546104	Energy	COM	$5.17M	0.16%	60,000	New
96	MARATHON PETE CORP MPC · 56585A102	Energy	COM	$5.02M	0.15%	85,000	New
97	SELECT SECTOR SPDR TR XLE · 81369Y506	—	ENERGY	$4.99M	0.15%	86,972	+1059.6%
98	SPDR SERIES TRUST XOPUSD · 78464A730	—	S&P OILGAS EXP	$4.96M	0.15%	186,916	-73.0%
99	S&P GLOBAL INC SPGI · 78409V104	Financials	COM	$4.86M	0.15%	28,616	New
100	TRAVELERS COMPANIES INC TRV · 89417E109	Financials	COM	$4.84M	0.15%	40,423	New
101	CANADIAN NAT RES LTD CNQ · 136385101	—	COM	$4.83M	0.15%	200,000	-34.8%
102	INTERCONTINENTAL EXCHANGE IN ICE · 45866F104	Financials	COM	$4.7M	0.14%	62,386	New
103	ENTERPRISE PRODS PARTNERS L EPD · 293792107	—	COM	$4.67M	0.14%	190,000	New
104	MAGELLAN MIDSTREAM PRTNRS LP WEP · 559080106	—	COM UNIT RP LP	$4.66M	0.14%	81,700	New
105	EAST WEST BANCORP INC EWBC · 27579R104	Financials	COM	$4.41M	0.13%	101,196	New
106	ENERGY TRANSFER LP ET · 29273V100	—	COM UT LTD PTN	$4.25M	0.13%	321,500	New
107	FGL HLDGS G3402M102	—	ORD SHS	$4.14M	0.13%	620,938	-82.3%
108	MARSH & MCLENNAN COS INC MRSH · 571748102	Financials	COM	$4.07M	0.12%	51,090	New
109	AFLAC INC AFL · 001055102	Financials	COM	$3.98M	0.12%	87,419	New
110	PRUDENTIAL FINL INC PRU · 744320102	Financials	COM	$3.95M	0.12%	48,445	New
111	PROGRESSIVE CORP OHIO PGR · 743315103	Financials	COM	$3.93M	0.12%	65,130	New
112	BB&T CORP BBTUSD · 054937107	—	COM	$3.93M	0.12%	90,674	New
113	TEVA PHARMACEUTICAL INDS LTD 881624209 · Put	—	SPONSORED ADR	$3.86M	0.12%	250,000	-79.0%
114	GOLDMAN SACHS GROUP INC GS · 38141G104	Financials	COM	$3.79M	0.11%	22,682	New
115	CEMEX SAB DE CV 151290BT9	—	NOTE 3.720% 3/1	$3.77M	0.11%	3,850,000	-77.4%
116	ALLSTATE CORP ALL · 020002101	Financials	COM	$3.65M	0.11%	44,195	New
117	AON PLC AON · G0408V102	Financials	SHS CL A	$3.62M	0.11%	24,925	New
118	SHOPIFY INC SHOP · 82509L107	—	CL A	$3.46M	0.10%	25,000	New
119	SCIENTIFIC GAMES CORP 80874P109 · Call	—	COM	$3.41M	0.10%	190,600	New
120	BANK NEW YORK MELLON CORP BK · 064058100	—	COM	$3.19M	0.10%	67,845	New
121	KIMBELL RTY PARTNERS LP KRP · 49435R102	—	UNIT	$3.14M	0.10%	231,075	New
122	OI S A OIBR/USD · 670851500	—	SPONSORED ADR NE	$2.99M	0.09%	1,868,346	New
123	CAPITAL ONE FINL CORP COF · 14040H105	Financials	COM	$2.94M	0.09%	38,861	New
124	AMERICAN INTL GROUP INC AIG · 026874784	Financials	COM NEW	$2.84M	0.09%	72,063	New
125	MARVELL TECHNOLOGY GROUP LTD MRVL · G5876H105	—	ORD	$2.77M	0.08%	171,332	-42.9%
126	WINTRUST FINL CORP WTFC · 97650W108	Financials	COM	$2.77M	0.08%	41,600	New
127	METLIFE INC MET · 59156R108	Financials	COM	$2.74M	0.08%	66,772	New
128	WESTERN GAS PARTNERS LP 958254104	—	COM UNIT LP IN	$2.62M	0.08%	62,000	New
129	HOLLYFRONTIER CORP HFCUSD · 436106108	—	COM	$2.56M	0.08%	50,000	New
130	NASDAQ INC NDAQ · 631103108	Financials	COM	$2.46M	0.07%	30,177	New
131	ARRIS INTL INC G0551A103	—	SHS	$2.42M	0.07%	79,000	New
132	REGIONS FINL CORP NEW RF · 7591EP100	Financials	COM	$2.4M	0.07%	178,989	-41.1%
133	EQM MIDSTREAM PARTNERS LP EQMUSD · 26885B100	—	UNIT LTD PARTN	$2.38M	0.07%	55,000	New
134	FRANKLIN RES INC BEN · 354613101	Financials	COM	$2.3M	0.07%	77,531	New
135	MAGNOLIA OIL & GAS CORP MGY · 559663109	Energy	CL A	$2.24M	0.07%	200,000	New
136	SCHWAB CHARLES CORP NEW SCHW · 808513105	Financials	COM	$2.22M	0.07%	53,404	-20.6%
137	NORTHERN TR CORP NTRS · 665859104	Financials	COM	$2.21M	0.07%	26,433	New
138	ASSOCIATED BANC CORP ASB · 045487105	Financials	COM	$2.2M	0.07%	111,308	New
139	PRICE T ROWE GROUP INC TROW · 74144T108	Financials	COM	$2.19M	0.07%	23,756	New
140	GREENSKY INC GSKYGBP · 39572G100	—	CL A	$2.18M	0.07%	227,653	New
141	TRINITY INDS INC TRN · 896522109	Industrials	COM	$1.9M	0.06%	92,430	New
142	SCHLUMBERGER LTD SLB · 806857108	Energy	COM	$1.8M	0.05%	50,000	New
143	TARGA RES CORP TRGP · 87612G101	Energy	COM	$1.8M	0.05%	50,000	-24.7%
144	CITIZENS FINL GROUP INC CFG · 174610105	Financials	COM	$1.78M	0.05%	59,730	New
145	AMERIPRISE FINL INC AMP · 03076C106	Financials	COM	$1.71M	0.05%	16,426	New
146	DENBURY RES INC DNREUR · 247916208	—	COM NEW	$1.71M	0.05%	1,000,000	-85.7%
147	KEYCORP NEW KEY · 493267108	Financials	COM	$1.65M	0.05%	111,467	New
148	HUNTINGTON BANCSHARES INC HBAN · 446150104	Financials	COM	$1.62M	0.05%	136,085	New
149	DISCOVER FINL SVCS DFSEUR · 254709108	—	COM	$1.54M	0.05%	26,098	New
150	NXP SEMICONDUCTORS N V N6596X109 · Call	—	COM	$1.47M	0.04%	20,000	New
151	BLACKROCK INC BLKCHF · 09247X101	—	COM	$1.45M	0.04%	3,680	New
152	PACWEST BANCORP DEL PACWUSD · 695263103	—	COM	$1.4M	0.04%	42,100	New
153	MSCI INC MSCI · 55354G100	Financials	COM	$1.39M	0.04%	9,401	New
154	SUNTRUST BKS INC 867914103	—	COM	$1.33M	0.04%	26,395	New
155	SYNCHRONY FINL SYF · 87165B103	Financials	COM	$1.14M	0.03%	48,772	New
156	STATE STR CORP STT · 857477103	Financials	COM	$1.09M	0.03%	17,264	New
157	INVESCO LTD IVZ · G491BT108	Financials	SHS	$1.02M	0.03%	60,695	New
158	PACIFIC BIOSCIENCES CALIF IN PACB · 69404D108	—	COM	$999K	0.03%	135,000	New
159	TD AMERITRADE HLDG CORP AMT · 87236Y108	Real Estate	COM	$995K	0.03%	20,327	New
160	BERRY PETE CORP BRY · 08579X101	—	COM	$959K	0.03%	109,600	New
161	II VI INC 902104108	—	COM	$780K	0.02%	24,023	New
162	DOMO INC DOMO · 257554105	—	COM CL B	$776K	0.02%	39,533	New
163	M & T BK CORP MTB · 55261F104	Financials	COM	$742K	0.02%	5,185	New
164	FIFTH THIRD BANCORP FITB · 316773100	Financials	COM	$735K	0.02%	31,228	New
165	FALCON MINERALS CORP 30607B208	—	*W EXP 07/21/202	$120K	0.00%	200,000	New

Total filing value: $3.3B