Portfolio concentration
As of January 31, 2026 · N-PORT
Holdings
52
Top-10 weight
62.12%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
19
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
590.2
Holdings
As of January 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | U.S. Treasury Bills | B | 116,500,000 | $116.14M | 11.47% |
| 2 | U.S. Treasury Bills | B | 85,000,000 | $84.97M | 8.39% |
| 3 | MASTERCARD INC CL A | — | 157,600 | $84.91M | 8.38% |
| 4 | U.S. Treasury Bills | B | 85,000,000 | $84.44M | 8.34% |
| 5 | PHILIP MORRIS INTL INC | — | 445,000 | $79.85M | 7.88% |
| 6 | Fidelity Cash Central Fund | — | 54,301,092 | $54.31M | 5.36% |
| 7 | CITIGROUP INC | — | 325,000 | $37.61M | 3.71% |
| 8 | MACOM Technology Solutions Holdings, Inc. | — | 12,100,000 | $32.22M | 3.18% |
| 9 | LCI Industries, Convertible | LCII | 20,000,000 | $27.14M | 2.68% |
| 10 | CABO 0 03/15/26 | CABO | 27,421,000 | $26.94M | 2.66% |
| 11 | BROADCOM INC | — | 75,000 | $24.85M | 2.45% |
| 12 | State StreetFinSelSectSPDRETF | XLF | 438,300 | $23.42M | 2.31% |
| 13 | AIRBNB INC ZERO COUPON 03/15/2026 | ABNB | 21,500,000 | $21.36M | 2.11% |
| 14 | ENOVIX CORP CONV 4.75% 09/15/2030 144A | — | 20,000,000 | $18.62M | 1.84% |
| 15 | EURONET WORLDWIDE INC SR UNSECURED 144A 10/30 0.625 | EEFT | 20,520,000 | $18.38M | 1.81% |
| 16 | PTON 0 02/15/26 | PTON | 17,700,000 | $17.66M | 1.74% |
| 17 | PITNEY-BOWES INC CONV 1.5% 08/15/2030 144A | — | 17,500,000 | $17.30M | 1.71% |
| 18 | NVIDIA CORP | — | 80,000 | $15.29M | 1.51% |
| 19 | DIGITALOCEAN HOLDINGS INC CONV 0% 12/01/2026 | — | 15,000,000 | $14.50M | 1.43% |
| 20 | iShares Core S&P 500 ETF | — | 20,700 | $14.39M | 1.42% |
| 21 | COMPASS INC CONV 0.25% 04/15/2031 144A | COMP | 11,998,000 | $12.91M | 1.28% |
| 22 | DENISON MINES CORP CONV 4.25% 09/15/2031 144A | — | 7,500,000 | $12.71M | 1.25% |
| 23 | CHEESECAKE FACTORY INC/THE SR UNSECURED 144A 03/30 2 | CAKE | 11,861,000 | $12.49M | 1.23% |
| 24 | ALNYLAM PHARMACEUTICALS INC CONV 1% 09/15/2027 | ALNY | 8,500,000 | $11.08M | 1.09% |
| 25 | DOCN 0 08/15/30 | DOCN | 6,600,000 | $10.44M | 1.03% |
| 26 | MICROSOFT CORP | — | 24,000 | $10.33M | 1.02% |
| 27 | COINBASE GLOBAL INC CV SR UNSEC 0.5% 06-01-26 | — | 10,000,000 | $9.88M | 0.98% |
| 28 | XPLR INFRASTRUCTURE LP REGD 144A P/P CONVERTIBLE 2.50000000 | XIFR | 8,750,000 | $8.59M | 0.85% |
| 29 | Coinbase Global, Inc., Convertible | COIN | 9,500,000 | $8.05M | 0.79% |
| 30 | UPSTART HOLDINGS INC CONV 0% 02/15/2032 144A | UPST | 10,000,000 | $7.96M | 0.79% |
| 31 | MORGAN STANLEY | — | 41,700 | $7.62M | 0.75% |
| 32 | AEIS 2.5 09/15/28 | AEIS | 3,900,000 | $7.58M | 0.75% |
| 33 | ABBVIE INC | — | 32,000 | $7.14M | 0.70% |
| 34 | UBER TECHNOLOGIES INC CV 144A LIFE 0.0% 05-15-28 | UBER | 6,500,000 | $6.47M | 0.64% |
| 35 | RINGCENTRAL INC SR UNSECURED 03/26 0.00000 | RNG | 6,000,000 | $5.96M | 0.59% |
| 36 | COSTCO WHOLESALE CORP | — | 6,000 | $5.64M | 0.56% |
| 37 | Total Return Basket Swap BNP | — | 1 | $5.20M | 0.51% |
| 38 | UNITY SOFTWARE INC CONV 0% 11/15/2026 | — | 5,172,000 | $4.99M | 0.49% |
| 39 | BLACKLINE INC CONV 1% 06/01/2029 | BL | 5,000,000 | $4.96M | 0.49% |
| 40 | CYTOKINETICS INC SR UNSECURED 144A 10/31 1.75 | CYTK | 3,920,000 | $4.95M | 0.49% |
| 41 | EVOLENT HEALTH INC CONV 4.5% 08/15/2031 144A | EVH | 7,200,000 | $4.57M | 0.45% |
| 42 | ORACLE CORP | — | 25,900 | $4.26M | 0.42% |
| 43 | Total Return Basket Swap BMO | — | 1 | $3.65M | 0.36% |
| 44 | TTEK 2.25 08/15/28 | TTEK | 3,000,000 | $3.48M | 0.34% |
| 45 | CRACKER BARREL OLD CTRY ST INC CONV 1.75% 09/15/2030 144A | CBRL | 4,225,000 | $3.36M | 0.33% |
| 46 | SOUTHERN CO/THE SR UNSECURED 144A 06/28 3.25 | SO | 3,267,000 | $3.27M | 0.32% |
| 47 | BOX INC CONV 1.5% 09/15/2029 | BOX | 3,000,000 | $2.83M | 0.28% |
| 48 | NEBIUS GROUP NV CONV 2.75% 09/15/2032 144A | NBIS | 2,800,000 | $2.72M | 0.27% |
| 49 | Northern Oil & Gas Inc | — | 2,500,000 | $2.53M | 0.25% |
| 50 | VOYAGER TECHNOLOGIES INC | — | 28,700 | $876.21K | 0.09% |
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Machine-readable: JSON · Markdown. Programmatic access via the agent surface.