Investor: Howard Marks
Number of Assets: 172
Reporting Period: Q4 - 2025
Holdings at Report: $7,027,767,837
Return Since Report: +$234,898,860
Return Since Report: +3.34%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Aerovironment INC | Bond | +100% | 15,763,000 | N/A | $1.09 | N/A | $17,142,262 | N/A | N/A | N/A |
| Affirm Holdings INC | Bond | +100% | 927,000 | N/A | $1.11 | N/A | $1,028,738 | N/A | N/A | N/A |
| Affirm Holdings Inc. | Bond | +100% | 5,225,000 | N/A | $0.97 | N/A | $5,042,125 | N/A | N/A | N/A |
| Airbnb Inc. | Bond | +100% | 50,633,000 | N/A | $0.99 | N/A | $50,227,936 | N/A | N/A | N/A |
| Alarmcom Holdings Inc. | Bond | +100% | 27,198,000 | N/A | $1.00 | N/A | $27,265,995 | N/A | N/A | N/A |
| Alvotech (ALVO) | Equity | -65.87% | 533,656 | 0.04% | $3.79 | $3.43 | $2,023,114 | $1,830,440 | -$192,674 | -9.52% |
| Alvotech Sa | Warrant | +100% | 4,666,667 | N/A | $0.65 | N/A | $3,032,866 | N/A | N/A | N/A |
| American WTR CAP corp | Bond | +100% | 3,426,000 | N/A | $1.00 | N/A | $3,415,893 | N/A | N/A | N/A |
| Amphastar Pharmaceuticals INC | Bond | +100% | 43,578,000 | N/A | $0.93 | N/A | $40,401,163 | N/A | N/A | N/A |
| Anglogold Ashanti PLC (AU) | Equity | -8.06% | 3,847,991 | 7.25% | $85.28 | $97.35 | $328,156,672 | $374,601,924 | +$46,445,252 | +14.15% |
| United States Cellular Corp. (USM) | Equity | 0% | 724,444 | 0.86% | $53.62 | $48.80 | $38,844,687 | $35,352,867 | -$3,491,820 | -8.99% |
| Array Technologies Inc. | Bond | +100% | 33,284,000 | N/A | $0.91 | N/A | $30,263,093 | N/A | N/A | N/A |
| Ascendis Pharma As | Bond | +100% | 700,000 | N/A | $1.42 | N/A | $994,315 | N/A | N/A | N/A |
| Bandwidth Inc. | Bond | +100% | 13,650,000 | N/A | $0.87 | N/A | $11,923,275 | N/A | N/A | N/A |
| Barrick Mining corp | Equity | -9.90% | 2,975,118 | 2.86% | $43.55 | $0.00 | $129,566,388 | $0 | -$129,566,388 | -100% |
| Battalion Oil Corp. (BATL) | Equity | -0.13% | 3,009,912 | 0.08% | $1.13 | $3.89 | $3,401,200 | $11,702,538 | +$8,301,338 | +244.07% |
| Bausch + Lomb Corp. (BLCO) | Equity | +4.23% | 3,382,739 | 1.28% | $17.08 | $15.86 | $57,777,182 | $53,633,327 | -$4,143,855 | -7.17% |
| Bausch Health Companies Inc. (BHC) | Equity | 0% | 1,270,000 | 0.20% | $6.95 | $5.40 | $8,826,500 | $6,851,650 | -$1,974,850 | -22.37% |
| Bentley Systems Inc. | Bond | +100% | 6,730,000 | N/A | $0.94 | N/A | $6,346,390 | N/A | N/A | N/A |
| Bill Holdings Inc. | Bond | +100% | 3,306,000 | N/A | $0.95 | N/A | $3,136,567 | N/A | N/A | N/A |
| Biomarin Pharmaceutical Inc. (BMRN) | Bond | +100% | 42,118,000 | N/A | $0.96 | N/A | $40,450,127 | N/A | N/A | N/A |
| Bioxcel Therapeutics INC | Equity | 0% | 241,188 | 0.01% | $1.60 | $0.00 | $385,902 | $0 | -$385,902 | -100% |
| Blackline Inc. | Bond | +100% | 1,816,000 | N/A | $0.99 | N/A | $1,801,018 | N/A | N/A | N/A |
| Blackstone Mortgage Trust Inc. | Bond | +100% | 11,999,000 | N/A | $0.99 | N/A | $11,885,009 | N/A | N/A | N/A |
| Block Inc. (XYZ) | Bond | +100% | 5,935,000 | N/A | $0.93 | N/A | $5,509,163 | N/A | N/A | N/A |
| Block Inc. (XYZ) | Bond | +100% | 20,243,000 | N/A | $0.99 | N/A | $19,940,367 | N/A | N/A | N/A |
| Bridgebio Pharma Inc. | Bond | +100% | 2,550,000 | N/A | $1.13 | N/A | $2,871,937 | N/A | N/A | N/A |
| Cable One Inc. | Bond | +100% | 58,874,000 | N/A | $0.99 | N/A | $58,138,075 | N/A | N/A | N/A |
| California Resources Corp. (CRC) | Equity | 0% | 694,502 | 0.69% | $44.71 | $69.26 | $31,051,184 | $48,101,209 | +$17,050,025 | +54.91% |
| CBL & Associates Properties Inc. (CBL) | Equity | -16.22% | 2,517,576 | 2.06% | $37.00 | $38.40 | $93,150,348 | $96,674,918 | +$3,524,570 | +3.78% |
| Celcuity INC | Bond | +100% | 700,000 | N/A | $2.17 | N/A | $1,520,330 | N/A | N/A | N/A |
| Cemex S.A.B. De C.V. (CX) | Equity | -44.98% | 5,749,324 | 1.46% | $11.49 | $11.46 | $66,059,732 | $65,887,253 | -$172,479 | -0.26% |
| Cerence INC | Bond | +100% | 6,605,000 | N/A | $0.90 | N/A | $5,964,314 | N/A | N/A | N/A |
| Cheesecake Factory | Bond | +100% | 1,960,000 | N/A | $0.99 | N/A | $1,941,772 | N/A | N/A | N/A |
| CMS Energy Corp. | Bond | +100% | 15,199,000 | N/A | $1.07 | N/A | $16,293,328 | N/A | N/A | N/A |
| Cogent Biosciences INC | Bond | +100% | 7,650,000 | N/A | $1.18 | N/A | $8,994,870 | N/A | N/A | N/A |
| Coinbase Global INC | Bond | +100% | 10,510,000 | N/A | $1.03 | N/A | $10,791,142 | N/A | N/A | N/A |
| Conmed Corp. | Bond | +100% | 40,324,000 | N/A | $0.96 | N/A | $38,711,039 | N/A | N/A | N/A |
| Core Scientific Inc. (CORZ) | Equity | +30.47% | 8,350,708 | 2.69% | $14.56 | $14.96 | $121,586,308 | $124,926,592 | +$3,340,284 | +2.75% |
| Core Scientific Inc. (CORZ) | Call | +100% | 2,000,000 | N/A | $14.56 | N/A | $29,120,000 | N/A | N/A | N/A |
| Cracker Barrel Old Country Store Inc. | Bond | +100% | 33,101,000 | N/A | $0.97 | N/A | $32,192,377 | N/A | N/A | N/A |
| Datadog INC | Bond | +100% | 7,499,000 | N/A | $1.00 | N/A | $7,508,373 | N/A | N/A | N/A |
| Dayforce Inc. | Bond | +100% | 19,351,000 | N/A | $0.99 | N/A | $19,205,867 | N/A | N/A | N/A |
| Dexcom Inc. | Bond | +100% | 27,995,000 | N/A | $0.92 | N/A | $25,776,396 | N/A | N/A | N/A |
| Digitalocean Hldgs Inc. | Bond | +100% | 1,880,000 | N/A | $0.97 | N/A | $1,817,302 | N/A | N/A | N/A |
| Draftkings Inc. New | Bond | +100% | 25,225,000 | N/A | $0.92 | N/A | $23,090,965 | N/A | N/A | N/A |
| Dropbox Inc. | Bond | +100% | 2,175,000 | N/A | $0.99 | N/A | $2,159,775 | N/A | N/A | N/A |
| Echostar Corp. | Bond | +100% | 18,000,000 | N/A | $3.34 | N/A | $60,165,000 | N/A | N/A | N/A |
| Ecovyst Inc. (ECVT) | Equity | +48.81% | 4,254,503 | 0.91% | $9.73 | $12.88 | $41,396,314 | $54,797,999 | +$13,401,685 | +32.37% |
| Enphase Energy Inc. | Bond | +100% | 10,911,000 | N/A | $0.99 | N/A | $10,801,890 | N/A | N/A | N/A |
| Enphase Energy Inc. | Bond | +100% | 38,178,000 | N/A | $0.87 | N/A | $33,358,027 | N/A | N/A | N/A |
| Envista Holdings Corp. | Bond | +100% | 30,786,000 | N/A | $0.96 | N/A | $29,631,525 | N/A | N/A | N/A |
| Etsy | Bond | +100% | 50,165,000 | N/A | $0.90 | N/A | $44,935,298 | N/A | N/A | N/A |
| Expand Energy Corp. (CHKEL) | Warrant | +100% | 95,294 | N/A | $99.65 | N/A | $9,496,047 | N/A | N/A | N/A |
| Expand Energy Corp. (EXE) | Equity | 0% | 5,062,363 | 12.35% | $110.36 | $109.78 | $558,682,380 | $555,746,210 | -$2,936,170 | -0.53% |
| Fastly Inc. | Bond | +100% | 863,000 | N/A | $0.99 | N/A | $850,055 | N/A | N/A | N/A |
| Fastly INC | Bond | +100% | 1,353,000 | N/A | $1.11 | N/A | $1,497,365 | N/A | N/A | N/A |
| Five9 Inc. | Bond | +100% | 30,353,000 | N/A | $0.90 | N/A | $27,393,582 | N/A | N/A | N/A |
| Fluor Corp. | Bond | +100% | 9,371,000 | N/A | $1.14 | N/A | $10,698,870 | N/A | N/A | N/A |
| Ford Motor | Bond | +100% | 2,900,000 | N/A | $1.04 | N/A | $3,018,900 | N/A | N/A | N/A |
| Freeport-Mcmoran Inc. (FCX) | Equity | -7.63% | 1,390,053 | 1.56% | $50.79 | $58.78 | $70,600,791 | $81,707,315 | +$11,106,524 | +15.73% |
| Freshpet INC | Bond | +100% | 7,300,000 | N/A | $1.17 | N/A | $8,551,950 | N/A | N/A | N/A |
| Ftai Aviation Ltd. (FTAI) | Equity | -11.59% | 517,328 | 2.25% | $196.85 | $245.00 | $101,836,016 | $126,745,360 | +$24,909,344 | +24.46% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | -7.32% | 3,519,764 | 0.83% | $10.73 | $8.30 | $37,767,067 | $29,196,442 | -$8,570,625 | -22.69% |
| Garrett Motion Inc. (GTX) | Equity | -46.40% | 17,094,816 | 6.58% | $17.43 | $18.17 | $297,962,642 | $310,612,807 | +$12,650,165 | +4.25% |
| Gladstone Capital corp | Bond | +100% | 754,000 | N/A | $0.98 | N/A | $738,919 | N/A | N/A | N/A |
| Grab Holdings Limited (GRAB) | Equity | -7.33% | 11,207,699 | 1.24% | $4.99 | $3.65 | $55,926,418 | $40,908,101 | -$15,018,317 | -26.85% |
| Green Plains Inc. | Bond | +100% | 7,677,000 | N/A | $0.96 | N/A | $7,389,112 | N/A | N/A | N/A |
| Groupon Inc. | Bond | +100% | 1,874,000 | N/A | $0.99 | N/A | $1,862,767 | N/A | N/A | N/A |
| Grupo Aeromexico SAB DE CV | Equity | +100% | 3,776,986 | 1.83% | $21.96 | N/A | $82,942,612 | N/A | N/A | N/A |
| Guardant Health Inc. | Bond | +100% | 555,000 | N/A | $1.08 | N/A | $599,677 | N/A | N/A | N/A |
| Haemonetics corp | Bond | +100% | 902,000 | N/A | $1.04 | N/A | $938,711 | N/A | N/A | N/A |
| Haemonetics Corp. | Bond | +100% | 15,030,000 | N/A | $0.99 | N/A | $14,917,275 | N/A | N/A | N/A |
| HDFC Bank Limited (HDB) | Equity | -13.73% | 130,441 | 0.11% | $36.54 | $24.81 | $4,766,314 | $3,235,589 | -$1,530,725 | -32.12% |
| Herbalife Ltd | Bond | +100% | 1,242,000 | N/A | $1.08 | N/A | $1,346,949 | N/A | N/A | N/A |
| Indivior PLC (INDV) | Equity | -33.51% | 7,108,644 | 5.64% | $35.88 | $30.48 | $255,058,964 | $216,671,469 | -$38,387,495 | -15.05% |
| Infosys Limited (INFY) | Equity | +100% | 1,094,752 | 0.43% | $17.82 | $13.52 | $19,508,480 | $14,804,331 | -$4,704,149 | -24.11% |
| Itaú Unibanco Holding S.A. (ITUB) | Equity | +9.13% | 13,822,747 | 2.19% | $7.16 | $8.39 | $98,970,875 | $115,903,734 | +$16,932,859 | +17.11% |
| Itron INC | Bond | +100% | 8,700,000 | N/A | $1.01 | N/A | $8,814,187 | N/A | N/A | N/A |
| Jazz Pharmaceuticals PLC | Bond | +100% | 10,600,000 | N/A | $1.33 | N/A | $14,135,100 | N/A | N/A | N/A |
| JD.com Inc. | Bond | +100% | 19,233,000 | N/A | $1.00 | N/A | $19,319,548 | N/A | N/A | N/A |
| Jetblue Airways Corp. | Bond | +100% | 90,530,000 | N/A | $0.98 | N/A | $89,036,255 | N/A | N/A | N/A |
| Kanzhun Limited (BZ) | Equity | -7.32% | 1,523,231 | 0.69% | $20.38 | $13.39 | $31,043,447 | $20,396,063 | -$10,647,384 | -34.30% |
| Kilroy Realty Corp. (KRC) | Equity | 0% | 1,850,011 | 1.53% | $37.37 | $28.20 | $69,134,911 | $52,170,310 | -$16,964,601 | -24.54% |
| Lantheus Holdings Inc. | Bond | +100% | 11,525,000 | N/A | $1.15 | N/A | $13,233,581 | N/A | N/A | N/A |
| LCI Industries | Bond | +100% | 9,927,000 | N/A | $0.99 | N/A | $9,797,949 | N/A | N/A | N/A |
| Liberty Global Ltd. (LBTYA) | Equity | 0% | 8,551,191 | 2.11% | $11.14 | $12.09 | $95,260,267 | $103,383,899 | +$8,123,632 | +8.53% |
| Liberty Latin America Ltd. (LILA) | Equity | -0.88% | 839,020 | 0.14% | $7.39 | $8.63 | $6,200,357 | $7,240,743 | +$1,040,386 | +16.78% |
| Liberty Latin America Ltd. (LILAK) | Equity | -13.81% | 5,748,780 | 0.95% | $7.46 | $8.82 | $42,885,898 | $50,704,240 | +$7,818,342 | +18.23% |
| Livanova PLC | Bond | +100% | 15,285,000 | N/A | $1.16 | N/A | $17,730,600 | N/A | N/A | N/A |
| Live Nation Entertainment INC | Bond | +100% | 9,670,000 | N/A | $1.05 | N/A | $10,182,510 | N/A | N/A | N/A |
| Lyft INC | Bond | +100% | 1,100,000 | N/A | $1.21 | N/A | $1,326,435 | N/A | N/A | N/A |
| Magnachip Semiconductor Corp. (MX) | Equity | 0% | 2,849,858 | 0.16% | $2.55 | $2.80 | $7,267,137 | $7,979,602 | +$712,465 | +9.80% |
| Magnite Inc. | Bond | +100% | 10,305,000 | N/A | $0.99 | N/A | $10,221,529 | N/A | N/A | N/A |
| Marriott International Inc. (MAR) | Put | +100% | 150,000 | N/A | $310.24 | N/A | $46,536,000 | N/A | N/A | N/A |
| Marriott Vacations Worldwide Corp. | Bond | +100% | 40,370,000 | N/A | $0.95 | N/A | $38,452,425 | N/A | N/A | N/A |
| MGP Ingredients INC | Bond | +100% | 23,225,000 | N/A | $0.97 | N/A | $22,528,250 | N/A | N/A | N/A |
| Mitek Systems Inc. | Bond | +100% | 5,374,000 | N/A | $0.99 | N/A | $5,325,634 | N/A | N/A | N/A |
| MKS INC | Bond | +100% | 6,255,000 | N/A | $1.28 | N/A | $7,993,890 | N/A | N/A | N/A |
| Nabors Industries LTD | Bond | +100% | 24,063,000 | N/A | $0.81 | N/A | $19,604,126 | N/A | N/A | N/A |
| Neogenomics Inc. | Bond | +100% | 7,098,000 | N/A | $0.89 | N/A | $6,343,837 | N/A | N/A | N/A |
| Nextera Energy INC | Bond | +100% | 1,292,000 | N/A | $1.24 | N/A | $1,606,602 | N/A | N/A | N/A |
| Nokia Oyj (NOK) | Equity | 0% | 18,752,229 | 2.68% | $6.47 | $8.04 | $121,326,921 | $150,674,160 | +$29,347,239 | +24.19% |
| Nu Holdings Ltd. (NU) | Equity | -0.88% | 4,479,175 | 1.66% | $16.74 | $14.39 | $74,981,389 | $64,455,328 | -$10,526,061 | -14.04% |
| Nutanix Inc. | Bond | +100% | 2,000,000 | N/A | $1.13 | N/A | $2,251,000 | N/A | N/A | N/A |
| Nutanix INC | Bond | +100% | 5,436,000 | N/A | $0.97 | N/A | $5,256,611 | N/A | N/A | N/A |
| Oaktree Specialty Lending Corp. (OCSL) | Equity | 0% | 1,852,456 | 0.52% | $12.74 | $11.30 | $23,600,289 | $20,932,753 | -$2,667,536 | -11.30% |
| Okta Inc. | Bond | +100% | 28,311,000 | N/A | $0.98 | N/A | $27,773,091 | N/A | N/A | N/A |
| On Semiconductor Corp. | Bond | +100% | 1,950,000 | N/A | $1.19 | N/A | $2,326,350 | N/A | N/A | N/A |
| Onity Group Inc. (ONIT) | Equity | +100% | 390,835 | 0.40% | $45.79 | N/A | $17,896,380 | N/A | N/A | N/A |
| Altice Usa Inc. (ATUS) | Equity | 0% | 7,500,000 | 0.27% | $1.65 | $1.89 | $12,375,000 | $14,175,000 | +$1,800,000 | +14.55% |
| Oracle Corporation (ORCL) | Put | +100% | 500,000 | N/A | $194.91 | N/A | $97,455,000 | N/A | N/A | N/A |
| Parsons corp | Bond | +100% | 1,160,000 | N/A | $1.03 | N/A | $1,195,380 | N/A | N/A | N/A |
| Pebblebrook Hotel Trust | Bond | +100% | 39,706,000 | N/A | $0.97 | N/A | $38,415,555 | N/A | N/A | N/A |
| Peloton Interactive Inc. | Bond | +100% | 559,000 | N/A | $0.99 | N/A | $552,711 | N/A | N/A | N/A |
| Penn Entertainment INC | Bond | +100% | 4,952,000 | N/A | $0.99 | N/A | $4,911,146 | N/A | N/A | N/A |
| Pennymac Mortgage Investment Trust | Bond | +100% | 10,935,000 | N/A | $1.00 | N/A | $10,951,402 | N/A | N/A | N/A |
| Post Holdings Inc. | Bond | +100% | 2,650,000 | N/A | $1.08 | N/A | $2,858,025 | N/A | N/A | N/A |
| PPL Corp. | Bond | +100% | 15,672,000 | N/A | $1.10 | N/A | $17,219,610 | N/A | N/A | N/A |
| Redfin Corp. | Bond | +100% | 11,841,000 | N/A | $0.94 | N/A | $11,142,381 | N/A | N/A | N/A |
| Redwood Trust Inc. | Bond | +100% | 7,456,000 | N/A | $1.00 | N/A | $7,437,360 | N/A | N/A | N/A |
| Repligen Corp. | Bond | +100% | 9,830,000 | N/A | $1.10 | N/A | $10,788,425 | N/A | N/A | N/A |
| Rice Acquisition corp 3 | Warrant | +100% | 399,999 | N/A | $0.80 | N/A | $319,999 | N/A | N/A | N/A |
| Rice Acquisition corp 3 | Equity | +100% | 2,400,000 | 0.54% | $10.28 | N/A | $24,660,000 | N/A | N/A | N/A |
| Ringcentral Inc. | Bond | +100% | 984,000 | N/A | $0.99 | N/A | $974,651 | N/A | N/A | N/A |
| Riot Platforms INC | Bond | +100% | 81,960,000 | N/A | $1.13 | N/A | $92,922,150 | N/A | N/A | N/A |
| Runway Growth Finance Corp. (RWAY) | Equity | -15.10% | 7,029,667 | 1.39% | $8.93 | $6.87 | $62,774,936 | $48,293,812 | -$14,481,124 | -23.07% |
| Sea Ltd | Bond | +100% | 38,855,000 | N/A | $0.97 | N/A | $37,767,060 | N/A | N/A | N/A |
| Shake Shack Inc. | Bond | +100% | 5,686,000 | N/A | $0.95 | N/A | $5,387,485 | N/A | N/A | N/A |
| Smartrent Inc. (SMRT) | Equity | 0% | 7,505,294 | 0.34% | $2.02 | $1.51 | $15,160,695 | $11,332,994 | -$3,827,701 | -25.25% |
| Snap Inc. | Bond | +100% | 3,767,000 | N/A | $0.97 | N/A | $3,652,294 | N/A | N/A | N/A |
| Snap | Bond | +100% | 13,422,000 | N/A | $0.91 | N/A | $12,184,491 | N/A | N/A | N/A |
| Snap | Bond | +100% | 19,576,000 | N/A | $0.93 | N/A | $18,254,620 | N/A | N/A | N/A |
| Southern Cothe | Bond | +100% | 4,557,000 | N/A | $1.07 | N/A | $4,873,711 | N/A | N/A | N/A |
| Spectrum Brands Holdings INC | Bond | +100% | 27,496,000 | N/A | $0.95 | N/A | $26,073,082 | N/A | N/A | N/A |
| Spotify Technology Sa | Bond | +100% | 1,300,000 | N/A | $1.14 | N/A | $1,478,750 | N/A | N/A | N/A |
| Star Bulk Carriers Corp. (SBLK) | Equity | 0% | 1,962,892 | 0.83% | $19.22 | $22.97 | $37,726,784 | $45,087,629 | +$7,360,845 | +19.51% |
| SPDR S&P 500 ETF Trust (SPY) | Put | +100% | 385,000 | N/A | $681.92 | N/A | $262,539,200 | N/A | N/A | N/A |
| Strategy INC | Bond | +100% | 1,300,000 | N/A | $1.03 | N/A | $1,342,250 | N/A | N/A | N/A |
| Strategy INC | Bond | +100% | 5,763,000 | N/A | $0.82 | N/A | $4,746,406 | N/A | N/A | N/A |
| Summit Hotel Properties Inc. | Bond | +100% | 21,560,000 | N/A | $1.00 | N/A | $21,495,320 | N/A | N/A | N/A |
| Sunopta Inc. (STKL) | Equity | 0% | 20,726,126 | 1.74% | $3.81 | $6.48 | $78,883,383 | $134,305,296 | +$55,421,913 | +70.26% |
| Synaptics INC | Bond | +100% | 17,250,000 | N/A | $1.06 | N/A | $18,250,500 | N/A | N/A | N/A |
| Talen Energy Corp. (TLN) | Equity | +13.74% | 331,117 | 2.74% | $374.84 | $319.72 | $124,115,896 | $105,864,727 | -$18,251,169 | -14.70% |
| Talen Energy Corporation (TLN) | Call | +100% | 300,000 | N/A | $374.84 | N/A | $112,452,000 | N/A | N/A | N/A |
| Teladoc Health Inc. | Bond | +100% | 38,479,000 | N/A | $0.96 | N/A | $36,747,445 | N/A | N/A | N/A |
| Telecom Argentina S.A. (TEO) | Equity | -10.72% | 2,347,508 | 0.60% | $11.61 | $11.72 | $27,254,567 | $27,512,794 | +$258,227 | +0.95% |
| Telephone And Data Systems Inc. (TDS) | Equity | 0% | 3,688,386 | 3.34% | $41.00 | $42.08 | $151,223,826 | $155,207,283 | +$3,983,457 | +2.63% |
| Ternium S.A. (TX) | Equity | -26.62% | 658,565 | 0.56% | $38.19 | $40.15 | $25,150,597 | $26,441,385 | +$1,290,788 | +5.13% |
| Tetra Tech Inc. | Bond | +100% | 15,289,000 | N/A | $1.09 | N/A | $16,626,023 | N/A | N/A | N/A |
| Topgolf Callaway Brands corp | Bond | +100% | 9,596,000 | N/A | $1.00 | N/A | $9,584,484 | N/A | N/A | N/A |
| Torm PLC (TRMD) | Equity | -34.88% | 26,425,059 | 11.65% | $19.95 | $27.90 | $527,287,877 | $737,259,146 | +$209,971,269 | +39.82% |
| Transalta Corp. (TAC) | Equity | 0% | 6,415,253 | 1.80% | $12.66 | $13.11 | $81,246,611 | $84,103,967 | +$2,857,356 | +3.52% |
| Tripcom Group LTD | Bond | +100% | 1,189,000 | N/A | $1.23 | N/A | $1,467,820 | N/A | N/A | N/A |
| Two Harbors Investment Corp. | Bond | +100% | 3,298,000 | N/A | $1.00 | N/A | $3,289,755 | N/A | N/A | N/A |
| Tyler Technologies Inc. | Bond | +100% | 1,000,000 | N/A | $1.01 | N/A | $1,013,500 | N/A | N/A | N/A |
| Unity Software Inc. | Bond | +100% | 9,076,000 | N/A | $0.97 | N/A | $8,792,374 | N/A | N/A | N/A |
| Upstart Holdings Inc. | Bond | +100% | 7,199,000 | N/A | $0.97 | N/A | $6,965,032 | N/A | N/A | N/A |
| Upwork Inc. | Bond | +100% | 7,038,000 | N/A | $0.98 | N/A | $6,884,923 | N/A | N/A | N/A |
| Vail Resorts Inc. | Bond | +100% | 1,819,000 | N/A | $1.00 | N/A | $1,819,909 | N/A | N/A | N/A |
| Vale S.A. (VALE) | Equity | -0.49% | 2,023,706 | 0.58% | $13.03 | $15.90 | $26,368,889 | $32,176,925 | +$5,808,036 | +22.03% |
| Vaneck Semiconductor ETF (SMH) | Put | +100% | 865,000 | N/A | $360.13 | N/A | $311,512,450 | N/A | N/A | N/A |
| Vertex INC | Bond | +100% | 6,507,000 | N/A | $0.95 | N/A | $6,181,162 | N/A | N/A | N/A |
| Viper Energy INC | Equity | 0% | 6,285,062 | 5.37% | $38.63 | N/A | $242,791,949 | N/A | N/A | N/A |
| Vishay Intertechnology INC | Bond | +100% | 1,651,000 | N/A | $0.90 | N/A | $1,487,963 | N/A | N/A | N/A |
| Vista Energy S.A.B. De C.V. (VIST) | Equity | -57.52% | 782,250 | 0.84% | $48.66 | $75.53 | $38,064,285 | $59,083,343 | +$21,019,058 | +55.22% |
| WEC Energy Group INC | Bond | +100% | 11,957,000 | N/A | $1.17 | N/A | $13,977,733 | N/A | N/A | N/A |
| Winnebago Industries INC | Bond | +100% | 20,220,000 | N/A | $0.94 | N/A | $19,057,349 | N/A | N/A | N/A |
| Wisdomtree INC | Bond | +100% | 1,850,000 | N/A | $1.20 | N/A | $2,228,093 | N/A | N/A | N/A |
| XP Inc. (XP) | Equity | +63.32% | 3,320,159 | 1.20% | $16.37 | $19.04 | $54,351,002 | $63,215,827 | +$8,864,825 | +16.31% |
| Ziff Davis INC | Bond | +100% | 3,496,000 | N/A | $0.98 | N/A | $3,428,702 | N/A | N/A | N/A |
| Ziff Davis Inc. | Bond | +100% | 10,091,000 | N/A | $0.98 | N/A | $9,889,180 | N/A | N/A | N/A |