13F-HR

Q1 2020

Period Mar 31, 2020Filed May 15, 2020View on EDGAR ↗

Compare vs

QoQ YoY

4 quarters back (Q1 2019)

Positions

118

Total value

$1.98B

Top 10 concentration

57.3%

New positions

Exited positions· 141 vs. Q1 2019

Holdings · 118

#		Sector	Class
1	LIBERTY BROADBAND CORP LBRDK · 530307305	—	COM SER C	$584.8M	29.61%	5,281,767	-27.6%
2	VICI PPTYS INC VICI · 925652109	Real Estate	COM	$82.85M	4.19%	4,978,697	-74.6%
3	D R HORTON INC DHI · 23331A109	Consumer Discretionary	COM	$79.77M	4.04%	2,346,070	+142.8%
4	PELOTON INTERACTIVE INC PTON · 70614W100	—	CL A COM	$79.5M	4.02%	2,994,155	New
5	ACTIVISION BLIZZARD INC ATVIEUR · 00507V109	—	COM	$65.4M	3.31%	1,099,500	New
6	MICROCHIP TECHNOLOGY INC 595017AH7	—	NOTE 2.250% 2/1	$50.49M	2.56%	53,434,000	New
7	NORTONLIFELOCK INC GEN · 668771108	Information Technology	COM	$50.45M	2.55%	2,696,157	New
8	TRANSDIGM GROUP INC TDG · 893641100	Industrials	COM	$47.81M	2.42%	149,331	New
9	GRIFOLS S A GRFS · 398438408	—	SP ADR REP B NVT	$46.94M	2.38%	2,330,799	+9.6%
10	SELECT SECTOR SPDR TR XLU · 81369Y886	—	SBI INT-UTILS	$44.33M	2.24%	800,000	New
11	CYPRESS SEMICONDUCTOR CORP CYEUR · 232806109	—	COM	$40.58M	2.05%	1,740,000	New
12	ALPHABET INC GOOGL · 02079K305	Communication Services	CAP STK CL A	$38.2M	1.93%	32,875	New
13	ALCON INC ALC · H01301128	—	ORD SHS	$35.61M	1.80%	700,762	New
14	ISHARES TR MUB · 464288414	—	NATIONAL MUN ETF	$27.28M	1.38%	241,400	New
15	LEGG MASON INC LMEUR · 524901105	—	COM	$27.02M	1.37%	553,060	New
16	LPL FINL HLDGS INC LPLA · 50212V100	—	COM	$26.03M	1.32%	478,222	-16.4%
17	ISHARES TR LQD · 464287242	—	IBOXX INV CP ETF	$24.7M	1.25%	200,000	New
18	WAYFAIR INC W · 94419LAD3	—	NOTE 1.125%11/0	$18.99M	0.96%	27,971,000	New
19	TD AMERITRADE HLDG CORP AMT · 87236Y108	Real Estate	COM	$18.84M	0.95%	543,484	+2573.7%
20	GAIN CAP HLDGS INC 36268WAF7	—	NOTE 5.000% 8/1	$18.04M	0.91%	18,582,000	New
21	AGNC INVT CORP AGNC · 00123Q104	—	COM	$17.99M	0.91%	1,700,407	New
22	INVACARE CORP 461203AH4	—	NOTE 4.500% 6/0	$17.81M	0.90%	20,473,000	New
23	PENNYMAC CORP 70932AAB9	—	NOTE 5.375% 5/0	$17.4M	0.88%	17,750,000	New
24	WRIGHT MED GROUP N V N96617118	—	ORD SHS	$16.9M	0.86%	590,000	New
25	CYTOKINETICS INC 23282WAA8	—	NOTE 4.000%11/1	$16.22M	0.82%	12,500,000	New
26	EVOLENT HEALTH INC 30050BAD3	—	NOTE 1.500%10/1	$15.24M	0.77%	24,117,000	New
27	TIFFANY & CO NEW TIFEUR · 886547108	—	COM	$15.22M	0.77%	117,538	New
28	VEONEER INCORPORATED 92336XAA7	—	NOTE 4.000% 6/0	$15.01M	0.76%	18,700,000	New
29	E TRADE FINANCIAL CORP ETRA · 269246401	—	COM NEW	$14.7M	0.74%	428,400	-6.3%
30	BENEFITFOCUS INC 08180DAB2	—	NOTE 1.250%12/1	$13.84M	0.70%	18,116,000	New
31	COLLEGIUM PHARMACEUTICAL INC 19459JAA2	—	NOTE 2.625% 2/1	$13.81M	0.70%	14,990,000	New
32	TIMKENSTEEL CORP 887399AA1	—	NOTE 6.000% 6/0	$13.68M	0.69%	17,115,000	New
33	GOGO INC 38046CAD1	—	NOTE 6.000% 5/1	$13.64M	0.69%	23,255,000	New
34	INVACARE CORP 461203AJ0	—	NOTE 5.000%11/1	$12.22M	0.62%	14,500,000	New
35	TEAM INC 878155AE0	—	NOTE 5.000% 8/0	$11.65M	0.59%	15,944,000	New
36	VISTRA ENERGY CORP VST · 92840M102	Utilities	COM	$10.77M	0.55%	675,000	New
37	OMEROS CORP 682143AE2	—	NOTE 6.250%11/1	$10.61M	0.54%	11,600,000	New
38	T MOBILE US INC TMUS · 872590104	Communication Services	COM	$10.28M	0.52%	122,544	-80.2%
39	UNITEDHEALTH GROUP INC UNH · 91324P102	Health Care	COM	$9.98M	0.51%	40,000	+14.3%
40	OWL ROCK CAPITAL CORPORATION OBDC · 69121K104	—	COM	$9.24M	0.47%	800,325	New
41	ARAMARK ARMK · 03852U106	Consumer Discretionary	COM	$8.99M	0.46%	450,400	New
42	GREEN PLAINS INC 393222AF1	—	NOTE 4.125% 9/0	$8.97M	0.45%	14,800,000	New
43	KKR & CO INC KKR · 48251W104	Financials	CL A	$8.71M	0.44%	370,935	New
44	BOEING CO 097023105 · Call	—	COM	$8.58M	0.43%	57,500	New
45	WAYFAIR INC W · 94419LAB7	—	NOTE 0.375% 9/0	$8.22M	0.42%	10,500,000	New
46	BANK NEW YORK MELLON CORP BK · 064058100	—	COM	$8.21M	0.42%	243,767	+259.3%
47	GREENLIGHT CAP RE LTD 395366AB3	—	NOTE 4.000% 8/0	$8.13M	0.41%	10,250,000	New
48	TAUBMAN CTRS INC TCO · 876664103	—	COM	$8.11M	0.41%	193,736	New
49	NISOURCE INC NI · 65473P105	Utilities	COM	$7.49M	0.38%	300,000	New
50	CAESARS ENTMT CORP CZREUR · 127686103	—	COM	$7.35M	0.37%	1,087,585	-95.6%
51	ALLIANT ENERGY CORP LNT · 018802108	Utilities	COM	$7.24M	0.37%	150,000	New
52	SHERWIN WILLIAMS CO SHW · 824348106	Materials	COM	$6.89M	0.35%	15,000	New
53	EQUITABLE HLDGS INC EQH · 29452E101	Financials	COM	$6.6M	0.33%	456,826	New
54	CHENIERE ENERGY INC 16411RAG4	—	NOTE 4.250% 3/1	$6.56M	0.33%	10,000,000	New
55	UNISYS CORP 909214BS6	—	NOTE 5.500% 3/0	$6.19M	0.31%	4,500,000	New
56	WESTERN ASSET MTG CAP CORP 95790DAA3	—	NOTE 6.750%10/0	$6.16M	0.31%	19,200,000	New
57	ALLSTATE CORP ALL · 020002101	Financials	COM	$6.07M	0.31%	66,200	+49.8%
58	FIRSTENERGY CORP FE · 337932107	Utilities	COM	$6.01M	0.30%	150,000	New
59	APPLIED OPTOELECTRONICS INC 03823UAB8	—	NOTE 5.000% 3/1	$5.91M	0.30%	8,000,000	New
60	BGC PARTNERS INC BGCPEUR · 05541T101	—	CL A	$5.83M	0.29%	2,311,698	+56.5%
61	CBOE GLOBAL MARKETS INC CBOE · 12503M108	Financials	COM	$5.73M	0.29%	64,161	New
62	RESOURCE CAP CORP 76120WAC8	—	NOTE 4.500% 8/1	$5.68M	0.29%	9,941,000	New
63	EVERGY INC EVRG · 30034W106	Utilities	COM	$5.51M	0.28%	100,000	New
64	LENNAR CORP LEN · 526057104	Consumer Discretionary	CL A	$5.44M	0.28%	142,275	New
65	DISNEY WALT CO DIS · 254687106	Communication Services	COM DISNEY	$5.31M	0.27%	55,000	-69.4%
66	CME GROUP INC CME · 12572Q105	Financials	COM	$5.19M	0.26%	30,028	New
67	GOLDEN STAR RES LTD CDA 38119TAG9	—	NOTE 7.000% 8/1	$4.76M	0.24%	5,365,000	New
68	ENTERGY CORP NEW ETR · 29364G103	Utilities	COM	$4.7M	0.24%	50,000	New
69	REDWOOD TR INC 758075AD7	—	NOTE 5.625% 7/1	$4.69M	0.24%	8,325,000	New
70	FOCUS FINL PARTNERS INC 34417P100	—	COM CL A	$4.29M	0.22%	186,300	New
71	TECH DATA CORP TECD1USD · 878237106	—	COM	$4.27M	0.22%	32,596	New
72	CENOVUS ENERGY INC CVE · 15135U109	—	COM	$4.04M	0.20%	2,000,000	New
73	AMEREN CORP AEE · 023608102	Utilities	COM	$3.64M	0.18%	50,000	New
74	GOLDMAN SACHS GROUP INC GS · 38141G104	Financials	COM	$3.55M	0.18%	22,941	+1.1%
75	ON SEMICONDUCTOR CORP 682189AK1	—	NOTE 1.000%12/0	$3.49M	0.18%	3,500,000	-89.1%
76	LANNET INC 516012101 · Put	—	COM	$3.48M	0.18%	500,000	New
77	EURONET WORLDWIDE INC EEFT · 298736109	Financials	COM	$3.41M	0.17%	39,731	+163.1%
78	BRIGHTSPHERE INVT GROUP INC AAMI · 10948W103	Financials	COM	$3.2M	0.16%	500,000	New
79	NAVIENT CORPORATION NAVI · 63938C108	Financials	COM	$3.19M	0.16%	421,142	+110.6%
80	SCORPIO TANKERS INC 80918TAB5	—	NOTE 3.000% 5/1	$3.06M	0.15%	3,500,000	New
81	LIBERTY MEDIA CORP FWONA · 530715AL5	—	DEB 3.750% 2/1	$3M	0.15%	5,000,000	New
82	LIBERTY MEDIA CORP FWONA · 530715AG6	—	DEB 4.000%11/1	$3M	0.15%	5,000,000	New
83	MAGELLAN MIDSTREAM PRTNRS LP WEP · 559080106	—	COM UNIT RP LP	$2.98M	0.15%	81,700	—
84	INOVIO PHARMACEUTICALS INC 45773HAB8	—	NOTE 6.500% 3/0	$2.96M	0.15%	2,000,000	New
85	CMS ENERGY CORP CMS · 125896100	Utilities	COM	$2.94M	0.15%	50,000	New
86	INVITATION HOMES INC INVH · 46187W107	Real Estate	COM	$2.94M	0.15%	137,363	New
87	COLONY CAP INC CBAN · 19624RAB2	—	NOTE 3.875% 1/1	$2.89M	0.15%	3,500,000	New
88	MASTERCARD INC MA · 57636Q104	Financials	CL A	$2.82M	0.14%	11,678	New
89	AVANTOR INC AVTR · 05352A100	Health Care	COM	$2.81M	0.14%	224,780	New
90	ENTERPRISE PRODS PARTNERS L EPD · 293792107	—	COM	$2.72M	0.14%	190,000	—
91	CANADIAN NAT RES LTD CNQ · 136385101	—	COM	$2.71M	0.14%	200,000	-60.0%
92	XCEL ENERGY INC XEL · 98389B100	Utilities	COM	$2.65M	0.13%	44,000	New
93	ENERGY TRANSFER LP ET · 29273V100	—	COM UT LTD PTN	$2.2M	0.11%	477,750	+48.6%
94	BOOKING HLDGS INC BKNG · 09857L108	Consumer Discretionary	COM	$2.01M	0.10%	1,497	New
95	EVERCORE INC EVR · 29977A105	Financials	CLASS A	$1.92M	0.10%	41,738	New
96	DOMINION ENERGY INC D · 25746U109	Utilities	COM	$1.81M	0.09%	25,000	New
97	PEGASYSTEMS INC PEGA · 705573103	Information Technology	COM	$1.74M	0.09%	24,400	New
98	CHENIERE ENERGY INC LNG · 16411R208	—	COM NEW	$1.68M	0.08%	50,000	New
99	SBA COMMUNICATIONS CORP NEW SBAC · 78410G104	Real Estate	CL A	$1.51M	0.08%	5,600	New
100	AMERICAN TOWER CORP NEW AMT · 03027X100	Real Estate	COM	$1.47M	0.07%	6,750	New
101	MELLANOX TECHNOLOGIES LTD M51363113 · Call	—	SHS	$1.25M	0.06%	10,300	New
102	KIMBELL RTY PARTNERS LP KRP · 49435R102	—	UNIT	$1.17M	0.06%	200,000	-42.9%
103	DYCOM INDS INC 267475AB7	—	NOTE 0.750% 9/1	$767K	0.04%	900,000	New
104	ENERGIZER HLDGS INC NEW ENR · 29272W109	Consumer Staples	COM	$756K	0.04%	25,000	-96.9%
105	ALLERGAN PLC G0177J108	—	SHS	$710K	0.04%	4,010	New
106	EQM MIDSTREAM PARTNERS LP EQMUSD · 26885B100	—	UNIT LTD PARTN	$649K	0.03%	55,000	—
107	CLOVIS ONCOLOGY INC CLVSEUR · 189464100	—	COM	$591K	0.03%	92,900	New
108	DENBURY RES INC DEL U2481AAK4	—	DEBT 6.375%12/3	$566K	0.03%	1,348,000	New
109	GOGO INC 38046C109 · Put	—	COM	$530K	0.03%	250,000	New
110	FORESCOUT TECHNOLOGIES INC 34553D101	—	COM	$515K	0.03%	16,314	New
111	EXACT SCIENCES CORP EXK · 30063P105	—	COM	$481K	0.02%	8,300	New
112	NEW YORK MTG TR INC 649604AD7	—	NOTE 6.250% 1/1	$435K	0.02%	781,000	New
113	WESTERN MIDSTREAM PARTNERS L WES · 958669103	—	COM UNIT LP INT	$306K	0.02%	94,550	—
114	BELLRING BRANDS INC BRBR1USD · 079823100	—	COM CL A	$290K	0.01%	17,000	New
115	BANDWIDTH INC BAND · 05988J103	—	COM CL A	$229K	0.01%	3,400	New
116	EAGLE BULK SHIPPING INC Y21898AA2	—	DEBT 5.000% 8/0	$185K	0.01%	250,000	New
117	FALCON MINERALS CORP 30607B208	—	*W EXP 07/21/202	$161K	0.01%	1,072,500	+69.7%
118	MONTAGE RES CORP MR · 61179L100	—	COM	$117K	0.01%	51,877	-15.0%

Total filing value: $1.98B