Portfolio concentration
As of June 30, 2025 · N-PORT
Holdings
25
Top-10 weight
95.04%
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.
2
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.
250.3
Holdings
As of June 30, 2025 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | BlackRock Liquidity FedFund - Institutional Class | TFDXX | 37,920,615 | $37.92M | 25.15% |
| 2 | MCAIRH 8.125 03/30/29 144A | MCAIRH | 3,000,000 | $3.14M | 2.08% |
| 3 | CCO Holdings, LLC/CCO Holdings Capital Corporation | — | 3,000,000 | $3.00M | 1.99% |
| 4 | THC 6 1/4 02/01/27 | THC | 2,500,000 | $2.50M | 1.66% |
| 5 | Hilton Domestic Operating Co. Inc. | — | 1,000,000 | $1.02M | 0.68% |
| 6 | SEE 6.125 02/01/28 144A | SEE | 1,000,000 | $1.02M | 0.67% |
| 7 | MGM RESORTS INTL REGD 5.50000000 | MGM | 1,000,000 | $1.01M | 0.67% |
| 8 | NRG ENERGY INC REGD SER WI 5.75000000 | NRG | 1,000,000 | $1.01M | 0.67% |
| 9 | MILEAGE PLUS HLD | — | 1,000,000 | $1.00M | 0.66% |
| 10 | IQVIA INC REGD 144A P/P 5.00000000 | IQV | 1,000,000 | $999.64K | 0.66% |
| 11 | IQVIA INC REGD 144A P/P 5.00000000 | IQV | 1,000,000 | $997.27K | 0.66% |
| 12 | GEON Performan 08/11/2028 | — | 492,802 | $470.63K | 0.31% |
| 13 | CINEMARK USA I 05/24/2030 | — | 464,061 | $464.93K | 0.31% |
| 14 | ESAB Corp. | — | 314,000 | $321.88K | 0.21% |
| 15 | GETTY IMAGES INC SR SECURED 144A 02/30 11.25 | ABEGET | 250,000 | $248.34K | 0.16% |
| 16 | GOOSEHEAD INSU 12/15/2031 | — | 159,600 | $160.80K | 0.11% |
| 17 | TRAVELPORT TECH LTD | — | 188 | $62.91K | 0.04% |
| 18 | 24 HOUR FITNESS | — | 1,651,797 | $11.56K | 0.01% |
| 19 | CUMULUS MEDIA INC | — | 32,597 | $3.97K | 0.00% |
| 20 | AIMEGR TL B 1L USD | — | 2,699 | $2.71K | 0.00% |
| 21 | ANCHOR HOCKING HOLDINGS | — | 42,856 | $429 | 0.00% |
| 22 | YAK ACCESS SERIE A COMMON | — | 30,272 | $303 | 0.00% |
| 23 | Bombardier Rec 01/12/2031 | — | 283 | $283 | 0.00% |
| 24 | YAK ACCESS SERIES B COMMO | — | 5,388 | $54 | 0.00% |
| 25 | SAVE A LOT, MORAN FOODS | — | 5,913,978 | $0 | 0.00% |
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