Investor: Howard Marks
Number of Assets: 168
Reported Holdings: $5,169,601,827
Reporting Period: Q1 - 2025
Return Since Report: +$206,820,242
Return Since Report: +4.00%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Airbnb Inc. | Bond | +1537.83% | 25,108,000 | 0.46% | $0.96 | N/A | $24,028,355 | N/A | N/A | N/A |
| Alliant Energy Corp. | Bond | +100% | 1,250,000 | 0.03% | $1.07 | N/A | $1,339,375 | N/A | N/A | N/A |
| Altice Usa Inc. (ATUS) | Equity | 0% | 7,500,000 | 0.39% | $2.66 | $2.26 | $19,950,000 | $16,950,000 | -$3,000,000 | -15.04% |
| Alvotech (ALVO) | Equity | -2.97% | 1,868,483 | 0.35% | $9.67 | $11.45 | $18,068,230 | $21,394,130 | +$3,325,900 | +18.41% |
| Anglogold Ashanti PLC (AU) | Equity | -1.67% | 5,464,851 | 3.92% | $37.12 | $46.44 | $202,855,269 | $253,787,680 | +$50,932,411 | +25.11% |
| Array Technologies Inc. | Bond | -15.56% | 3,289,000 | 0.05% | $0.74 | N/A | $2,424,188 | N/A | N/A | N/A |
| Baidu Inc. (BIDU) | Equity | +100% | 199,684 | 0.36% | $92.03 | $83.75 | $18,376,918 | $16,723,535 | -$1,653,383 | -9.00% |
| Affirm Holdings Inc. | Bond | -23.38% | 3,693,000 | 0.07% | $0.92 | N/A | $3,413,954 | N/A | N/A | N/A |
| Alarmcom Holdings Inc. | Bond | +119.92% | 7,783,000 | 0.14% | $0.96 | N/A | $7,475,571 | N/A | N/A | N/A |
| Alnylam Pharmaceuticals Inc. | Bond | -25.93% | 1,000,000 | 0.02% | $1.15 | N/A | $1,154,000 | N/A | N/A | N/A |
| Alvotech Sa | Warrant | 0% | 4,666,667 | 0.14% | $1.51 | N/A | $7,046,667 | N/A | N/A | N/A |
| Anywhere Real Estate Inc. | Bond | -8.12% | 33,515,000 | 0.60% | $0.93 | N/A | $31,227,601 | N/A | N/A | N/A |
| Ascendis Pharma As | Bond | -29.20% | 10,267,000 | 0.24% | $1.19 | N/A | $12,206,490 | N/A | N/A | N/A |
| Banco Macro S.A. (BMA) | Equity | -31.21% | 260,462 | 0.38% | $75.51 | $81.96 | $19,667,485 | $21,347,466 | +$1,679,981 | +8.54% |
| Bandwidth Inc. | Bond | -41.51% | 3,020,000 | 0.05% | $0.81 | N/A | $2,442,306 | N/A | N/A | N/A |
| Barrick Gold Corp. (GOLD) | Equity | +147.93% | 2,516,658 | 0.95% | $19.44 | $20.09 | $48,923,831 | $50,559,659 | +$1,635,828 | +3.34% |
| Battalion Oil Corp. (BATL) | Equity | 0% | 3,009,912 | 0.08% | $1.30 | $1.32 | $3,912,885 | $3,958,034 | +$45,149 | +1.15% |
| Bausch Health Companies Inc. (BHC) | Equity | 0% | 1,270,000 | 0.16% | $6.47 | $4.58 | $8,216,900 | $5,816,600 | -$2,400,300 | -29.21% |
| Berry Corp. (BRY) | Equity | 0% | 3,697,000 | 0.23% | $3.21 | $2.71 | $11,867,370 | $10,018,870 | -$1,848,500 | -15.58% |
| Bilibili Inc. (BILI) | Equity | +100% | 1,925,797 | 0.71% | $19.11 | $18.00 | $36,801,980 | $34,664,346 | -$2,137,634 | -5.81% |
| Blackstone Mortgage Trust Inc. | Bond | +39.74% | 7,022,000 | 0.13% | $0.97 | N/A | $6,839,428 | N/A | N/A | N/A |
| Block Inc. (XYZ) | Bond | -29.62% | 1,901,000 | 0.04% | $0.95 | N/A | $1,810,227 | N/A | N/A | N/A |
| Block Inc. (XYZ) | Bond | +352.09% | 6,813,000 | 0.12% | $0.88 | N/A | $6,020,988 | N/A | N/A | N/A |
| Braskem S.A. (BAK) | Equity | -5.92% | 2,344,292 | 0.17% | $3.85 | $3.81 | $9,025,524 | $8,931,753 | -$93,771 | -1.04% |
| Bridgebio Pharma Inc. | Bond | +100% | 1,250,000 | 0.03% | $1.15 | N/A | $1,432,202 | N/A | N/A | N/A |
| Bridgebio Pharma Inc. | Bond | +272.17% | 14,135,000 | 0.25% | $0.90 | N/A | $12,742,702 | N/A | N/A | N/A |
| Cable One Inc. | Bond | -7.64% | 42,610,000 | 0.78% | $0.95 | N/A | $40,479,500 | N/A | N/A | N/A |
| California Resources Corp. (CRC) | Equity | -32.73% | 1,376,753 | 1.17% | $43.97 | $45.67 | $60,535,829 | $62,876,310 | +$2,340,481 | +3.87% |
| CBL & Associates Properties Inc. (CBL) | Equity | 0% | 3,005,126 | 1.55% | $26.58 | $24.93 | $79,876,275 | $74,917,791 | -$4,958,484 | -6.21% |
| Cemex S.A.B. De C.V. (CX) | Equity | +32.87% | 19,383,729 | 2.10% | $5.61 | $6.82 | $108,742,719 | $132,197,032 | +$23,454,313 | +21.57% |
| Cerence INC | Bond | +100% | 590,000 | 0.01% | $0.71 | N/A | $419,195 | N/A | N/A | N/A |
| CMS Energy Corp. | Bond | +14.54% | 10,467,000 | 0.22% | $1.11 | N/A | $11,602,669 | N/A | N/A | N/A |
| Coherus Biosciences Inc. | Bond | 0% | 49,030,000 | 0.93% | $0.98 | N/A | $48,294,369 | N/A | N/A | N/A |
| Coinbase Global INC | Bond | +100% | 2,850,000 | 0.05% | $0.93 | N/A | $2,649,075 | N/A | N/A | N/A |
| Conmed Corp. | Bond | +120.08% | 17,428,000 | 0.32% | $0.94 | N/A | $16,408,461 | N/A | N/A | N/A |
| Cytokinetics Inc. | Bond | -8.53% | 6,392,000 | 0.14% | $1.15 | N/A | $7,334,819 | N/A | N/A | N/A |
| Daqo New Energy Corp. (DQ) | Equity | -37.42% | 344,819 | 0.12% | $18.11 | $13.56 | $6,244,672 | $4,675,746 | -$1,568,926 | -25.12% |
| Dexcom Inc. | Bond | +100% | 10,486,000 | 0.18% | $0.90 | N/A | $9,395,456 | N/A | N/A | N/A |
| Duke Energy corp | Bond | +100% | 1,500,000 | 0.03% | $1.09 | N/A | $1,627,575 | N/A | N/A | N/A |
| Echostar Corp. | Bond | +100% | 16,000,000 | 0.35% | $1.12 | N/A | $17,899,004 | N/A | N/A | N/A |
| Ecopetrol S.A. (EC) | Equity | +100% | 3,162,122 | 0.64% | $10.44 | $8.66 | $33,012,553 | $27,383,977 | -$5,628,576 | -17.05% |
| Enphase Energy Inc. | Bond | +100% | 11,840,000 | 0.19% | $0.85 | N/A | $10,058,080 | N/A | N/A | N/A |
| Enphase Energy Inc. | Bond | +399.65% | 11,497,000 | 0.21% | $0.95 | N/A | $10,936,521 | N/A | N/A | N/A |
| Envista Holdings Corp. | Bond | +162.10% | 17,118,000 | 0.30% | $0.90 | N/A | $15,459,694 | N/A | N/A | N/A |
| Esperion Therapeutics Inc. | Bond | +100% | 774,000 | 0.01% | $0.98 | N/A | $759,003 | N/A | N/A | N/A |
| Etsy | Bond | +47.35% | 24,981,000 | 0.41% | $0.85 | N/A | $21,290,057 | N/A | N/A | N/A |
| Expand Energy Corp. (CHKEL) | Warrant | 0% | 95,294 | 0.19% | $100.64 | N/A | $9,590,388 | N/A | N/A | N/A |
| Expand Energy Corp. (EXE) | Equity | -19.82% | 5,562,364 | 11.98% | $111.32 | $118.22 | $619,202,388 | $657,582,672 | +$38,380,284 | +6.20% |
| Expedia Group Inc. | Bond | +100% | 4,623,000 | 0.09% | $0.99 | N/A | $4,565,212 | N/A | N/A | N/A |
| Ezcorp. Inc. | Bond | -54.24% | 1,819,000 | 0.04% | $1.00 | N/A | $1,819,909 | N/A | N/A | N/A |
| First Majestic Silver Corp. | Bond | +84.29% | 15,626,000 | 0.28% | $0.94 | N/A | $14,688,440 | N/A | N/A | N/A |
| Five9 Inc. | Bond | +751.24% | 6,163,000 | 0.12% | $0.99 | N/A | $6,109,999 | N/A | N/A | N/A |
| Fiverr International 01112025 | Bond | -36.48% | 2,984,000 | 0.06% | $0.97 | N/A | $2,901,932 | N/A | N/A | N/A |
| Fluor Corp. | Bond | +24.97% | 5,505,000 | 0.11% | $1.06 | N/A | $5,855,943 | N/A | N/A | N/A |
| Freeport-Mcmoran Inc. (FCX) | Equity | +24.28% | 2,191,108 | 1.60% | $37.86 | $40.24 | $82,955,348 | $88,170,186 | +$5,214,838 | +6.29% |
| Fubotv INC | Bond | +100% | 4,392,000 | 0.08% | $0.97 | N/A | $4,260,240 | N/A | N/A | N/A |
| Garrett Motion Inc. (GTX) | Equity | 0% | 44,082,816 | 7.14% | $8.37 | $10.14 | $368,973,169 | $446,999,754 | +$78,026,585 | +21.15% |
| Grab Holdings Limited (GRAB) | Equity | +100% | 10,275,995 | 0.90% | $4.53 | $4.99 | $46,550,257 | $51,277,215 | +$4,726,958 | +10.15% |
| Groupon Inc. | Bond | +3.63% | 2,539,000 | 0.05% | $0.96 | N/A | $2,446,665 | N/A | N/A | N/A |
| Guardant Health INC | Bond | +100% | 8,088,000 | 0.16% | $1.04 | N/A | $8,381,383 | N/A | N/A | N/A |
| Guess INC | Bond | +100% | 1,682,000 | 0.03% | $0.92 | N/A | $1,548,281 | N/A | N/A | N/A |
| H World Group Limited (HTHT) | Equity | +7.35% | 1,229,399 | 0.88% | $37.01 | $35.37 | $45,500,056 | $43,483,843 | -$2,016,213 | -4.43% |
| HDFC Bank Limited (HDB) | Equity | 0% | 89,697 | 0.12% | $66.44 | $74.86 | $5,959,468 | $6,714,717 | +$755,249 | +12.67% |
| Herbalife Ltd | Bond | +100% | 4,787,000 | 0.08% | $0.86 | N/A | $4,129,816 | N/A | N/A | N/A |
| Integra Lifesciences Holdings Corp. | Bond | -22.07% | 5,901,000 | 0.11% | $0.98 | N/A | $5,799,207 | N/A | N/A | N/A |
| Itaú Unibanco Holding S.A. (ITUB) | Equity | +100% | 6,941,012 | 0.74% | $5.50 | $6.59 | $38,175,571 | $45,741,269 | +$7,565,698 | +19.82% |
| Jetblue Airways Corp. | Bond | +8.24% | 43,234,000 | 0.79% | $0.95 | N/A | $40,877,747 | N/A | N/A | N/A |
| Ke Holdings Inc. (BEKE) | Equity | +100% | 1,254,784 | 0.49% | $20.09 | $18.36 | $25,208,610 | $23,037,834 | -$2,170,776 | -8.61% |
| Kingsoft Cloud Holdings Limited (KC) | Equity | +100% | 1,091,853 | 0.30% | $14.36 | $11.13 | $15,679,009 | $12,152,324 | -$3,526,685 | -22.49% |
| Liberty Global Ltd. (LBTYA) | Equity | 0% | 7,204,190 | 1.60% | $11.51 | $9.65 | $82,920,226 | $69,520,434 | -$13,399,793 | -16.16% |
| Livanova PLC | Bond | +100% | 14,988,000 | 0.28% | $0.96 | N/A | $14,321,033 | N/A | N/A | N/A |
| Lumentum Holdings Inc. | Bond | +204.45% | 6,089,000 | 0.11% | $0.93 | N/A | $5,641,458 | N/A | N/A | N/A |
| Magnachip Semiconductor Corp. (MX) | Equity | 0% | 2,849,858 | 0.19% | $3.43 | $3.80 | $9,775,012 | $10,829,460 | +$1,054,448 | +10.79% |
| Marriott Vacations Worldwide Corp. | Bond | +369.28% | 15,336,000 | 0.28% | $0.93 | N/A | $14,224,140 | N/A | N/A | N/A |
| MGP Ingredients INC | Bond | +100% | 1,211,000 | 0.02% | $0.95 | N/A | $1,148,352 | N/A | N/A | N/A |
| Neogenomics Inc. | Bond | -33.72% | 1,376,000 | 0.03% | $1.00 | N/A | $1,372,560 | N/A | N/A | N/A |
| Nextera Energy INC | Bond | +100% | 8,841,000 | 0.20% | $1.16 | N/A | $10,224,616 | N/A | N/A | N/A |
| Nokia Oyj (NOK) | Equity | +100% | 18,752,227 | 1.91% | $5.27 | $5.34 | $98,824,236 | $100,136,892 | +$1,312,656 | +1.33% |
| Oaktree Specialty Lending Corp. (OCSL) | Equity | 0% | 1,852,456 | 0.55% | $15.36 | $14.50 | $28,453,724 | $26,860,612 | -$1,593,112 | -5.60% |
| Okta Inc. | Bond | +6.69% | 3,283,000 | 0.06% | $0.98 | N/A | $3,228,830 | N/A | N/A | N/A |
| On Semiconductor Corp. | Bond | +279.21% | 5,491,000 | 0.09% | $0.87 | N/A | $4,749,989 | N/A | N/A | N/A |
| Pacira Biosciences Inc. | Bond | +63.55% | 7,556,000 | 0.14% | $0.99 | N/A | $7,452,217 | N/A | N/A | N/A |
| Parsons corp | Bond | +100% | 1,509,000 | 0.03% | $1.00 | N/A | $1,511,263 | N/A | N/A | N/A |
| Peloton Interactive Inc. | Bond | +100% | 4,746,000 | 0.09% | $0.95 | N/A | $4,496,835 | N/A | N/A | N/A |
| Petróleo Brasileiro S.A. - Petrobras (PBR) | Equity | -20.68% | 2,659,492 | 0.74% | $14.34 | $11.70 | $38,137,115 | $31,116,056 | -$7,021,059 | -18.41% |
| Post Holdings Inc. | Bond | 0% | 1,300,000 | 0.03% | $1.19 | N/A | $1,552,850 | N/A | N/A | N/A |
| Realreal Incthe | Bond | +100% | 295,000 | 0.00% | $0.84 | N/A | $246,472 | N/A | N/A | N/A |
| Redwood Trust Inc. | Bond | -39.26% | 1,094,000 | 0.02% | $0.99 | N/A | $1,079,778 | N/A | N/A | N/A |
| Runway Growth Finance Corp. (RWAY) | Equity | 0% | 10,779,667 | 2.16% | $10.35 | $9.70 | $111,569,562 | $104,562,770 | -$7,006,792 | -6.28% |
| Sea Ltd | Bond | +182.33% | 22,355,000 | 0.40% | $0.93 | N/A | $20,890,747 | N/A | N/A | N/A |
| Shake Shack Inc. | Bond | +35.06% | 11,556,000 | 0.21% | $0.93 | N/A | $10,696,522 | N/A | N/A | N/A |
| Shopify Inc. | Bond | +100% | 5,600,000 | 0.11% | $1.00 | N/A | $5,627,999 | N/A | N/A | N/A |
| Smartrent Inc. (SMRT) | Equity | 0% | 7,505,294 | 0.18% | $1.21 | $0.90 | $9,081,406 | $6,754,765 | -$2,326,641 | -25.62% |
| Snap | Bond | +134.91% | 20,672,000 | 0.34% | $0.85 | N/A | $17,540,192 | N/A | N/A | N/A |
| Spotify Technology Sa | Bond | -46.25% | 2,150,000 | 0.05% | $1.19 | N/A | $2,568,605 | N/A | N/A | N/A |
| Star Bulk Carriers Corp. (SBLK) | Equity | 0% | 5,373,631 | 1.62% | $15.56 | $16.20 | $83,613,698 | $87,052,822 | +$3,439,124 | +4.11% |
| SPDR S&P 500 ETF Trust (SPY) | Put | +6.25% | 340,000 | 3.68% | $559.39 | N/A | $190,192,600 | N/A | N/A | N/A |
| Sunnova Energy Intl Inc. | Bond | +28.55% | 61,469,000 | 0.11% | $0.09 | N/A | $5,532,308 | N/A | N/A | N/A |
| Sunopta Inc. (STKL) | Equity | 0% | 20,726,126 | 1.95% | $4.86 | $5.99 | $100,774,304 | $124,149,495 | +$23,375,191 | +23.20% |
| Talen Energy Corporation (TLN) | Call | +16.67% | 280,000 | 1.08% | $199.67 | N/A | $55,907,600 | N/A | N/A | N/A |
| Tandem Diabetes Care INC | Bond | +100% | 6,442,000 | 0.12% | $0.94 | N/A | $6,071,584 | N/A | N/A | N/A |
| Teladoc Health Inc. | Bond | +102.72% | 15,354,000 | 0.27% | $0.92 | N/A | $14,141,028 | N/A | N/A | N/A |
| Ternium S.A. (TX) | Equity | -1.90% | 812,609 | 0.49% | $31.16 | $28.69 | $25,320,896 | $23,313,752 | -$2,007,144 | -7.93% |
| Torm PLC (TRMD) | Equity | 0% | 40,581,120 | 12.82% | $16.33 | $15.43 | $662,769,533 | $626,166,682 | -$36,602,851 | -5.52% |
| Transportadora De Gas Del Sur S.A. (TGS) | Equity | -38.98% | 484,606 | 0.25% | $26.46 | $31.41 | $12,822,674 | $15,221,474 | +$2,398,800 | +18.71% |
| Travere Therapeutics Inc. | Bond | -37.03% | 7,241,000 | 0.14% | $1.00 | N/A | $7,233,759 | N/A | N/A | N/A |
| Uber Technologies | Bond | -70.02% | 3,163,000 | 0.07% | $1.22 | N/A | $3,865,186 | N/A | N/A | N/A |
| Unity Software Inc. | Bond | +23.64% | 3,216,000 | 0.06% | $0.93 | N/A | $2,990,880 | N/A | N/A | N/A |
| Guardant Health Inc. | Bond | -42.71% | 22,076,000 | 0.38% | $0.89 | N/A | $19,612,956 | N/A | N/A | N/A |
| H World Group Ltd | Bond | +11.37% | 10,857,000 | 0.24% | $1.12 | N/A | $12,148,983 | N/A | N/A | N/A |
| Haemonetics Corp. | Bond | -34.47% | 3,506,000 | 0.07% | $0.96 | N/A | $3,363,671 | N/A | N/A | N/A |
| Health Catalyst Inc. | Bond | -35.12% | 375,000 | 0.01% | $0.99 | N/A | $372,653 | N/A | N/A | N/A |
| Indivior PLC (INDV) | Equity | +26.06% | 11,009,125 | 2.00% | $9.40 | $12.68 | $103,450,915 | $139,540,659 | +$36,089,744 | +34.89% |
| Irhythm Technologies INC | Bond | +100% | 1,900,000 | 0.04% | $1.04 | N/A | $1,982,650 | N/A | N/A | N/A |
| JD.com Inc. (JD) | Equity | -31.86% | 960,796 | 0.76% | $41.12 | $32.41 | $39,507,931 | $31,139,398 | -$8,368,533 | -21.18% |
| Kanzhun Limited (BZ) | Equity | -33.57% | 1,170,961 | 0.43% | $19.17 | $17.76 | $22,447,322 | $20,796,267 | -$1,651,055 | -7.36% |
| Kilroy Realty Corp. (KRC) | Equity | 0% | 1,850,011 | 1.17% | $32.76 | $33.17 | $60,606,360 | $61,364,865 | +$758,505 | +1.25% |
| LI Auto INC | Bond | +100% | 1,450,000 | 0.03% | $1.18 | N/A | $1,709,912 | N/A | N/A | N/A |
| Liberty Media Corp.-Liberty Formula One | Bond | -90.69% | 700,000 | 0.02% | $1.22 | N/A | $852,250 | N/A | N/A | N/A |
| Lumentum Holdings INC | Bond | +100% | 1,900,000 | 0.04% | $1.18 | N/A | $2,237,250 | N/A | N/A | N/A |
| Lyft INC | Bond | +100% | 1,350,000 | 0.03% | $0.97 | N/A | $1,309,500 | N/A | N/A | N/A |
| Magnite Inc. | Bond | -34.21% | 2,239,000 | 0.04% | $0.96 | N/A | $2,140,484 | N/A | N/A | N/A |
| Mesa Laboratories Inc. | Bond | -1.25% | 5,438,000 | 0.10% | $0.98 | N/A | $5,308,865 | N/A | N/A | N/A |
| National Vision Holdings Inc. | Bond | +51.65% | 6,266,000 | 0.12% | $1.00 | N/A | $6,234,670 | N/A | N/A | N/A |
| Neogenomics Inc. | Bond | +725.83% | 31,456,000 | 0.53% | $0.87 | N/A | $27,288,080 | N/A | N/A | N/A |
| Nice Ltd | Bond | +100% | 2,066,000 | 0.04% | $0.98 | N/A | $2,021,581 | N/A | N/A | N/A |
| Norwegian Cruise Line Holdings Ltd | Bond | +13.56% | 12,559,000 | 0.24% | $0.97 | N/A | $12,219,906 | N/A | N/A | N/A |
| Okta Inc. | Bond | +100% | 1,316,000 | 0.02% | $0.96 | N/A | $1,262,044 | N/A | N/A | N/A |
| On Semiconductor Corp. | Bond | +100% | 1,250,000 | 0.03% | $1.06 | N/A | $1,324,999 | N/A | N/A | N/A |
| Onity Group Inc. (ONIT) | Equity | 0% | 410,429 | 0.26% | $32.32 | $37.76 | $13,265,065 | $15,497,799 | +$2,232,734 | +16.83% |
| PAR Technology corp | Bond | +100% | 1,100,000 | 0.02% | $1.07 | N/A | $1,178,650 | N/A | N/A | N/A |
| Pebblebrook Hotel Trust | Bond | +4.89% | 43,139,000 | 0.78% | $0.94 | N/A | $40,421,243 | N/A | N/A | N/A |
| Pennymac Mortgage Investment Trust | Bond | +38.16% | 6,589,000 | 0.13% | $0.99 | N/A | $6,552,760 | N/A | N/A | N/A |
| PG&E Corp. | Bond | -59.25% | 6,225,000 | 0.13% | $1.06 | N/A | $6,592,274 | N/A | N/A | N/A |
| PPL Corp. | Bond | +30.38% | 11,081,000 | 0.24% | $1.12 | N/A | $12,427,341 | N/A | N/A | N/A |
| Redfin Corp. | Bond | +14.32% | 2,754,000 | 0.05% | $0.88 | N/A | $2,419,570 | N/A | N/A | N/A |
| Repligen Corp. | Bond | 0% | 2,200,000 | 0.04% | $0.98 | N/A | $2,151,600 | N/A | N/A | N/A |
| Sarepta Therapeutics Inc. | Bond | +14.92% | 10,115,000 | 0.18% | $0.93 | N/A | $9,417,065 | N/A | N/A | N/A |
| Seagate Technology Holdings PLC | Bond | +100% | 2,150,000 | 0.05% | $1.21 | N/A | $2,592,631 | N/A | N/A | N/A |
| Shift4 Payments Inc. | Bond | +21.19% | 12,010,000 | 0.24% | $1.01 | N/A | $12,184,145 | N/A | N/A | N/A |
| Sitio Royalties Corp. (STR) | Equity | 0% | 12,935,120 | 4.97% | $19.87 | $19.97 | $257,020,834 | $258,314,346 | +$1,293,512 | +0.50% |
| Snap Inc. | Bond | +100% | 2,041,000 | 0.04% | $1.00 | N/A | $2,030,795 | N/A | N/A | N/A |
| Solaredge Technologies Inc. | Bond | +100% | 2,716,000 | 0.05% | $0.97 | N/A | $2,639,952 | N/A | N/A | N/A |
| Ssr Mining Inc. (SSRM) | Bond | -40.41% | 2,873,000 | 0.06% | $1.00 | N/A | $2,875,154 | N/A | N/A | N/A |
| Summit Hotel Properties Inc. | Bond | +74.11% | 2,058,000 | 0.04% | $0.96 | N/A | $1,973,303 | N/A | N/A | N/A |
| Sunnova Energy Intl Inc. | Bond | +43.70% | 106,199,000 | 0.21% | $0.10 | N/A | $10,619,892 | N/A | N/A | N/A |
| Talen Energy Corp. (TLN) | Equity | -19.36% | 319,829 | 1.24% | $199.67 | $255.48 | $63,860,256 | $81,709,913 | +$17,849,657 | +27.95% |
| Livongo Health Inc. | Bond | +100% | 2,317,000 | 0.04% | $0.99 | N/A | $2,299,621 | N/A | N/A | N/A |
| Telecom Argentina S.A. (TEO) | Equity | -3.22% | 2,709,263 | 0.53% | $10.19 | $9.79 | $27,607,389 | $26,523,685 | -$1,083,704 | -3.93% |
| Tetra Tech Inc. | Bond | -71.07% | 1,826,000 | 0.04% | $1.03 | N/A | $1,888,175 | N/A | N/A | N/A |
| Tpi Composites Inc. (TPIC) | Equity | 0% | 4,610,003 | 0.07% | $0.81 | $1.04 | $3,715,662 | $4,794,403 | +$1,078,741 | +29.03% |
| Transalta Corp. (TAC) | Equity | +100% | 5,585,253 | 1.01% | $9.33 | $10.39 | $52,117,386 | $58,030,779 | +$5,913,393 | +11.35% |
| Travere Therapeutics Inc. | Bond | +33.30% | 1,377,000 | 0.03% | $0.98 | N/A | $1,351,652 | N/A | N/A | N/A |
| Two Harbors Investment Corp. | Bond | +143.08% | 6,466,000 | 0.12% | $0.99 | N/A | $6,417,505 | N/A | N/A | N/A |
| Uniti Group Inc. (UNIT) | Equity | 0% | 3,397,592 | 0.33% | $5.04 | $4.43 | $17,123,863 | $15,051,333 | -$2,072,530 | -12.10% |
| Upstart Holdings Inc. | Bond | +2.75% | 9,763,000 | 0.18% | $0.94 | N/A | $9,140,608 | N/A | N/A | N/A |
| Upwork Inc. | Bond | -35.18% | 2,217,000 | 0.04% | $0.94 | N/A | $2,075,723 | N/A | N/A | N/A |
| Vacasa Inc. (VCSA) | Equity | 0% | 1,375,448 | 0.14% | $5.38 | $5.39 | $7,399,910 | $7,413,665 | +$13,755 | +0.19% |
| Vail Resorts Inc. | Bond | +10.90% | 5,852,000 | 0.11% | $0.96 | N/A | $5,639,865 | N/A | N/A | N/A |
| Vale S.A. (VALE) | Equity | -16.37% | 6,014,782 | 1.16% | $9.98 | $9.31 | $60,027,524 | $55,997,620 | -$4,029,904 | -6.71% |
| Ventas INC | Bond | +100% | 1,250,000 | 0.03% | $1.29 | N/A | $1,611,250 | N/A | N/A | N/A |
| Vista Energy S.A.B. De C.V. (VIST) | Equity | -4.75% | 2,184,561 | 1.97% | $46.56 | $51.18 | $101,713,160 | $111,805,832 | +$10,092,672 | +9.92% |
| Wayfair Inc. | Bond | -3.72% | 2,585,000 | 0.05% | $0.98 | N/A | $2,533,300 | N/A | N/A | N/A |
| Wayfair Inc. | Bond | -26.54% | 5,056,000 | 0.10% | $0.97 | N/A | $4,929,573 | N/A | N/A | N/A |
| Wixcom Ltd | Bond | +1.31% | 4,890,000 | 0.09% | $0.98 | N/A | $4,804,425 | N/A | N/A | N/A |
| Workiva Inc. | Bond | -25.94% | 5,897,000 | 0.11% | $0.93 | N/A | $5,500,426 | N/A | N/A | N/A |
| Ziff Davis Inc. | Bond | -13.07% | 6,886,000 | 0.13% | $0.94 | N/A | $6,485,751 | N/A | N/A | N/A |
| ZTO Express Cayman Inc. | Bond | -37.77% | 5,503,000 | 0.11% | $1.01 | N/A | $5,546,748 | N/A | N/A | N/A |