Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
556
Top-10 weight
15.32%
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.
170
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.
42.1
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | FNCL 3 5/26 | — | 9,240,000 | $8.11M | 5.19% |
| 2 | FNCL 5 6/24 | — | 4,760,000 | $4.68M | 3.00% |
| 3 | Fannie Mae REMICS | — | 3,414,951 | $3.40M | 2.17% |
| 4 | NLT 2026-NQM1 TRUST CMO 2071-02-25 USD | — | 3,100,000 | $3.24M | 2.07% |
| 5 | KKR Clo 16 Ltd | KKR | 2,250,000 | $2.24M | 1.43% |
| 6 | CROSS 2026-NQM3 MORTGAGE TRUST SER 2026-NQM3 CL A2 V/R REGD 144A P/P 5.36300000 | — | 2,100,000 | $2.10M | 1.34% |
| 7 | BLACKSTONE STRATEGIC CAP HLDNG II | — | 1,900,000 | $1.90M | 1.22% |
| 8 | SG RESIDENTIAL MORTGAGE TRUST 2025-1 | — | 1,581,791 | $1.57M | 1.01% |
| 9 | GMACN 2025-WPAFB A | GMACN | 1,414,246 | $1.51M | 0.96% |
| 10 | Golub Capital Partners CLO 49M Ltd., Series 2020-49A, Class A1R2 | GOCAP | 1,500,000 | $1.50M | 0.96% |
| 11 | Neuberger Berman CLO 32R Ltd | NEUB | 1,500,000 | $1.50M | 0.96% |
| 12 | Madison Park Funding XLVIII Ltd | — | 1,500,000 | $1.50M | 0.96% |
| 13 | Tricon Residential Trust, Series 2024-SFR1, Class B | — | 1,500,000 | $1.48M | 0.95% |
| 14 | Ares Direct Lending CLO 7 LLC | — | 1,400,000 | $1.40M | 0.90% |
| 15 | CAFL Issuer LP, Series 2025-RRTL2, Class A1 | CAFL | 1,400,000 | $1.40M | 0.89% |
| 16 | ARESDL 2025-3A B | ARESDL | 1,400,000 | $1.40M | 0.89% |
| 17 | STWD 2025-FL4 LLC | STWD | 1,400,000 | $1.39M | 0.89% |
| 18 | MSRM 2025-NQM9 A2 | MSRM | 1,398,719 | $1.39M | 0.89% |
| 19 | Progress Residential Trust, Series 2025-SFR6, Class C | — | 1,450,000 | $1.37M | 0.88% |
| 20 | AOMT 2025-12 A3 | AOMT | 1,344,405 | $1.34M | 0.86% |
| 21 | VB-S1 Issuer LLC | — | 1,350,000 | $1.33M | 0.85% |
| 22 | Owl Rock CLO X LLC | — | 1,300,000 | $1.30M | 0.83% |
| 23 | Wells Fargo & Co. | — | 1,250,000 | $1.25M | 0.80% |
| 24 | Switch ABS Issuer LLC, Series 2026-1A, Class A21 | — | 1,250,000 | $1.25M | 0.80% |
| 25 | NLT 2025-NQM1 Trust | NLT | 1,184,392 | $1.24M | 0.79% |
| 26 | RCKT Mortgage Trust, Series 2025-CES5, Class A1A | RCKT | 1,168,692 | $1.18M | 0.75% |
| 27 | NAVTR 2024-1 A | NAVTR | 1,108,631 | $1.10M | 0.70% |
| 28 | Archwest Mortgage Trust 2025-RTL1 | ARCHW | 1,100,000 | $1.10M | 0.70% |
| 29 | Tailwind 2019-1 Limited | TLWND | 1,071,885 | $1.06M | 0.68% |
| 30 | MetroNet Infrastructure Issuer LLC | — | 1,050,000 | $1.05M | 0.67% |
| 31 | GS REFT 2026 FL1 ISSUER LTD | — | 1,050,000 | $1.05M | 0.67% |
| 32 | CMO | BX | 1,050,000 | $1.05M | 0.67% |
| 33 | Wyndham Hotels & Resorts Inc | — | 1,050,000 | $1.03M | 0.66% |
| 34 | JCPDL 2023-1A AJR | JCPDL | 1,000,000 | $1.00M | 0.64% |
| 35 | ATLAS SP AIRCRAFT LOAN PARTICIPATI | — | 1,000,000 | $1.00M | 0.64% |
| 36 | JCP Direct Lending CLO 2023-1 LLC | — | 1,000,000 | $997.20K | 0.64% |
| 37 | Verus Securitization Trust 2025-12 | — | 982,947 | $978.93K | 0.63% |
| 38 | HLEND 2026-5A B | — | 950,000 | $948.10K | 0.61% |
| 39 | OR 2026-24A B | — | 950,000 | $946.73K | 0.61% |
| 40 | CMO | — | 950,000 | $946.67K | 0.61% |
| 41 | Compass Datacenters Issuer III LLC | — | 950,000 | $930.38K | 0.60% |
| 42 | AMFAM HOLDINGS INC SR UNSECURED 144A 03/51 3.833 | AMFAHI | 1,355,000 | $927.47K | 0.59% |
| 43 | Avis Budget Rental Car Funding AESOP LLC, Series 2025-2A, Class B | AESOP | 900,000 | $911.31K | 0.58% |
| 44 | SLAM LTD SLAM 2024 1A A 144A | SLAM | 902,778 | $899.32K | 0.58% |
| 45 | PRPM LLC, Series 2025-5, Class A1 | PRPM | 900,540 | $898.66K | 0.57% |
| 46 | MILE Trust, Series 2025-STNE, Class B | MILE | 900,000 | $895.50K | 0.57% |
| 47 | Citadel Securities Global Holdings LLC | — | 870,000 | $890.07K | 0.57% |
| 48 | MAPS Trust, Series 2021-1A, Class A | MAPSL | 906,627 | $871.62K | 0.56% |
| 49 | FIGRE Trust, Series 2026-HE1, Class C | — | 817,771 | $809.45K | 0.52% |
| 50 | Saphilux Sarl 2025 EUR Term Loan | — | 800,000 | $798.20K | 0.51% |
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Machine-readable: JSON · Markdown. Programmatic access via the agent surface.