Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
27
Top-10 weight
51.90%
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.
23
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.
103.5
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | RITM 8 04/01/29 144A | RITM | 5,000,000 | $4.91M | 7.44% |
| 2 | HCA INC | — | 4,000,000 | $4.00M | 6.06% |
| 3 | AMBAC ASSURANCE CORP SUBORDINATED 144A 12/99 5.1 | ABK | 2,862,526 | $3.82M | 5.78% |
| 4 | MAIN STREET CAPI | — | 3,200,000 | $3.18M | 4.81% |
| 5 | PMT 8.5 06/01/29 | PMT | 3,000,000 | $3.14M | 4.75% |
| 6 | FORD MOTOR CO | — | 2,750,000 | $3.13M | 4.74% |
| 7 | IT 4.5 07/01/28 144A | IT | 3,000,000 | $2.95M | 4.47% |
| 8 | TransDigm, Inc. | — | 2,900,000 | $2.94M | 4.45% |
| 9 | DKS 4 10/01/29 144A | DKS | 3,000,000 | $2.92M | 4.42% |
| 10 | SUNOCO LP SR UNSECURED 144A 10/29 4.5 | SUN | 3,000,000 | $2.90M | 4.39% |
| 11 | CENTENE CORP | — | 3,000,000 | $2.85M | 4.31% |
| 12 | VERISIGN INC | — | 2,800,000 | $2.80M | 4.24% |
| 13 | FIRST AM-TR OB-X | TMPXX | 2,746,334 | $2.75M | 4.16% |
| 14 | ARES CAPITAL COR | — | 2,800,000 | $2.64M | 4.00% |
| 15 | OWL ROCK CAPITAL | — | 2,700,000 | $2.51M | 3.80% |
| 16 | MATTEL INC REGD 144A P/P 5.87500000 | MAT | 2,486,000 | $2.49M | 3.76% |
| 17 | THC 4.375 01/15/30 | THC | 2,500,000 | $2.42M | 3.67% |
| 18 | GO DADDY OP/FIN | GDDY | 2,500,000 | $2.33M | 3.52% |
| 19 | RWT 7.75 06/15/27 | RWT | 2,000,000 | $2.03M | 3.07% |
| 20 | MUSA 5 5/8 05/01/27 | MUSA | 2,000,000 | $2.00M | 3.03% |
| 21 | SKYWORKS SOLUT | — | 2,000,000 | $1.99M | 3.01% |
| 22 | WARRIOR MET COAL INC REGD 144A P/P 7.87500000 | — | 1,299,000 | $1.32M | 1.99% |
| 23 | ET 6 02/01/29 144A | ET | 1,000,000 | $1.01M | 1.52% |
| 24 | MUSA 4 3/4 09/15/29 | MUSA | 1,000,000 | $986.95K | 1.49% |
| 25 | MTZ 6.625 08/15/29 144A | MTZ | 550,000 | $552.27K | 0.84% |
| 26 | VM CONSOLIDATED INC REGD 144A P/P 5.50000000 | VRRM | 500,000 | $483.68K | 0.73% |
| 27 | BLOCK INC REGD ZCP CONVERTIBLE 0.00000000 | — | 250,000 | $249.38K | 0.38% |
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