Portfolio concentration
As of January 31, 2026 · N-PORT
Holdings
471
Top-10 weight
9.07%
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.
273
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.
128.5
Holdings
As of January 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | T/L GREAT OUTDOORS GROUP LLC REGD 0.00000000 | BASSPR | 34,842,247 | $34.84M | 1.14% |
| 2 | Vertical US Newco Inc | THYELE | 31,983,000 | $31.99M | 1.04% |
| 3 | CHURCHILL DOWNS INC REGD 144A P/P 5.50000000 | CHDN | 29,510,000 | $29.50M | 0.96% |
| 4 | Cloud Software Group, Inc. | — | 28,235,000 | $28.06M | 0.91% |
| 5 | TransDigm, Inc. | — | 26,320,000 | $26.76M | 0.87% |
| 6 | ORGANON / ORGANON 4.125% | OGN | 26,210,000 | $25.71M | 0.84% |
| 7 | TransDigm, Inc. | — | 24,000,000 | $24.68M | 0.80% |
| 8 | BIG RVR STL/FIN | BIGBRS | 21,657,000 | $21.86M | 0.71% |
| 9 | Jazz Securities DAC | — | 21,430,000 | $21.09M | 0.69% |
| 10 | TRAILR 7 5/8 02/15/30 | TRAILR | 21,330,000 | $20.41M | 0.67% |
| 11 | TK Elevator Midco GmbH (Vertical MidCo), Facility B (USD) - First Lien | THYELE | 20,284,911 | $20.31M | 0.66% |
| 12 | T-MOBILE USA INC | — | 20,000,000 | $19.99M | 0.65% |
| 13 | KEN GARFF AUTOMOTIVE LLC REGD 144A P/P 4.87500000 | KENGAR | 19,985,000 | $19.85M | 0.65% |
| 14 | EchoStar Corp | — | 18,030,000 | $19.76M | 0.64% |
| 15 | CHTR 5 02/01/28 144A | CHTR | 19,795,000 | $19.69M | 0.64% |
| 16 | SUNOCO LP SR UNSECURED 144A 07/27 5.875 | SUN | 19,540,000 | $19.56M | 0.64% |
| 17 | T/L LIFEPOINT HEALTH INC REGD ZCP TERM LOAN 0.00000000 | — | 19,238,324 | $19.21M | 0.63% |
| 18 | SS&C Technologies, Inc. | — | 19,050,000 | $19.03M | 0.62% |
| 19 | PLAINS ALL AMERN PIPELINE LP TSFR3M+437.161 PERP | PAA | 18,663,000 | $18.63M | 0.61% |
| 20 | PRESTIGE BRANDS INC REGD 144A P/P 5.12500000 | PBH | 18,600,000 | $18.61M | 0.61% |
| 21 | BYD 4 3/4 12/01/27 | BYD | 18,270,000 | $18.26M | 0.60% |
| 22 | SIMMONS FOODS INC/SIMMONS PREP SECURED 144A 03/29 4.625 | SIMFOO | 18,500,000 | $17.83M | 0.58% |
| 23 | MINERAL RESOURCES LTD SR UNSECURED 144A 10/28 9.25 | MINAU | 16,815,000 | $17.66M | 0.58% |
| 24 | T/L ENDO FINANCE HOLDINGS INC REGD TERM LOAN 0.00000000 | ENDP | 17,433,841 | $17.43M | 0.57% |
| 25 | TALOS PRODUCTION INC SECURED 144A 02/29 9 | TALO | 16,425,000 | $17.11M | 0.56% |
| 26 | Excelerate Energy L.P. | — | 15,815,000 | $16.91M | 0.55% |
| 27 | BCULC 3.875 01/15/28 144A | BCULC | 16,900,000 | $16.65M | 0.54% |
| 28 | RHP Hotel Properties, LP/RHP Finance Corporation | — | 16,300,000 | $16.29M | 0.53% |
| 29 | MINERAL RESOURCES LTD SR UNSECURED 144A 04/31 7 | MINAU | 15,150,000 | $15.92M | 0.52% |
| 30 | VAREX IMAGING CORP SR SECURED 144A 10/27 7.875 | VREX | 15,000,000 | $15.26M | 0.50% |
| 31 | PFGC 5.5 10/15/27 144A | PFGC | 15,250,000 | $15.26M | 0.50% |
| 32 | LYV 6.5 05/15/27 144A | LYV | 15,150,000 | $15.22M | 0.50% |
| 33 | STONEX GROUP INC REGD 144A P/P 7.87500000 | SNEX | 14,200,000 | $15.11M | 0.49% |
| 34 | LYV 4.75 10/15/27 144A | LYV | 15,025,000 | $15.02M | 0.49% |
| 35 | IMGCN 5.75 10/15/28 144A | IMGCN | 14,894,000 | $14.95M | 0.49% |
| 36 | VRT 4.125 11/15/28 144A | VRT | 15,000,000 | $14.77M | 0.48% |
| 37 | EPC 5.5 06/01/28 144A | EPC | 14,750,000 | $14.75M | 0.48% |
| 38 | ASBURY AUTOMOTIVE GROUP REGD SER WI 4.50000000 | ABG | 14,605,000 | $14.55M | 0.47% |
| 39 | IHO VERWALTUNGS GMBH SR SECURED 144A 11/30 7.75 | SHAEFF | 13,750,000 | $14.46M | 0.47% |
| 40 | GO DADDY OP/FIN | GDDY | 14,370,000 | $14.35M | 0.47% |
| 41 | FMCN 9.375 03/01/29 144A | FMCN | 13,575,000 | $14.24M | 0.46% |
| 42 | Quikrete Term Loan B-3 (Incremental) 225 2032-01-23 | QUIKHO | 13,895,000 | $13.88M | 0.45% |
| 43 | Rocket Cos., Inc. | — | 13,475,000 | $13.80M | 0.45% |
| 44 | LILAPR 6.75 10/15/27 144A | LILAPR | 19,775,000 | $13.79M | 0.45% |
| 45 | PFGC 4.25 08/01/29 144A | PFGC | 14,000,000 | $13.71M | 0.45% |
| 46 | CIPHER COMPUTE LLC SR SECURED 144A 11/30 7.125 | CIFR | 13,300,000 | $13.70M | 0.45% |
| 47 | T/L JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY REGD /TERM LOAN 0.00000000 | — | 13,611,042 | $13.65M | 0.44% |
| 48 | CCO Holdings, LLC/CCO Holdings Capital Corporation | — | 13,485,000 | $13.49M | 0.44% |
| 49 | ARLP 8.625 06/15/29 144A | ARLP | 12,641,000 | $13.31M | 0.43% |
| 50 | MUSA 5 5/8 05/01/27 | MUSA | 13,250,000 | $13.26M | 0.43% |
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