Investor: Howard Marks
Number of Assets: 168
Reporting Period: Q1 - 2025
Holdings at Report: $5,169,601,827
Return Since Report: +$2,832,303,933
Return Since Report: +54.79%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Airbnb Inc. | Bond | +100% | 25,108,000 | N/A | $0.96 | N/A | $24,028,355 | N/A | N/A | N/A |
| Alliant Energy Corp. | Bond | +100% | 1,250,000 | N/A | $1.07 | N/A | $1,339,375 | N/A | N/A | N/A |
| Altice Usa Inc. (ATUS) | Equity | 0% | 7,500,000 | 0.50% | $2.66 | $1.89 | $19,950,000 | $14,175,000 | -$5,775,000 | -28.95% |
| Alvotech (ALVO) | Equity | -2.97% | 1,868,483 | 0.45% | $9.67 | $3.92 | $18,068,230 | $7,324,453 | -$10,743,777 | -59.46% |
| Anglogold Ashanti PLC (AU) | Equity | -1.67% | 5,464,851 | 5.04% | $37.12 | $90.87 | $202,855,269 | $496,591,010 | +$293,735,741 | +144.80% |
| Array Technologies Inc. | Bond | +100% | 3,289,000 | N/A | $0.74 | N/A | $2,424,188 | N/A | N/A | N/A |
| Baidu Inc. (BIDU) | Equity | +100% | 199,684 | 0.46% | $92.03 | $111.76 | $18,376,918 | $22,316,684 | +$3,939,766 | +21.44% |
| Bandwidth Inc. | Bond | +100% | 3,020,000 | N/A | $0.81 | N/A | $2,442,306 | N/A | N/A | N/A |
| Barrick Gold Corp. (GOLD) | Equity | +147.93% | 2,516,658 | 1.21% | $19.44 | N/A | $48,923,831 | N/A | N/A | N/A |
| Bausch Health Companies Inc. (BHC) | Equity | 0% | 1,270,000 | 0.20% | $6.47 | $4.77 | $8,216,900 | $6,057,900 | -$2,159,000 | -26.28% |
| Bilibili Inc. (BILI) | Equity | +100% | 1,925,797 | 0.91% | $19.11 | N/A | $36,801,980 | N/A | N/A | N/A |
| Block Inc. (XYZ) | Bond | +100% | 1,901,000 | N/A | $0.95 | N/A | $1,810,227 | N/A | N/A | N/A |
| Braskem S.A. (BAK) | Equity | -5.92% | 2,344,292 | 0.22% | $3.85 | $2.94 | $9,025,524 | $6,892,218 | -$2,133,306 | -23.64% |
| Bridgebio Pharma Inc. | Bond | +100% | 14,135,000 | N/A | $0.90 | N/A | $12,742,702 | N/A | N/A | N/A |
| California Resources Corp. (CRC) | Equity | -32.73% | 1,376,753 | 1.50% | $43.97 | $55.30 | $60,535,829 | $76,134,441 | +$15,598,612 | +25.77% |
| Cemex S.A.B. De C.V. (CX) | Equity | +32.87% | 19,383,729 | 2.70% | $5.61 | $12.73 | $108,742,719 | $246,754,870 | +$138,012,151 | +126.92% |
| CMS Energy Corp. | Bond | +100% | 10,467,000 | N/A | $1.11 | N/A | $11,602,669 | N/A | N/A | N/A |
| Coinbase Global INC | Bond | +100% | 2,850,000 | N/A | $0.93 | N/A | $2,649,075 | N/A | N/A | N/A |
| Cytokinetics Inc. | Bond | +100% | 6,392,000 | N/A | $1.15 | N/A | $7,334,819 | N/A | N/A | N/A |
| Dexcom Inc. | Bond | +100% | 10,486,000 | N/A | $0.90 | N/A | $9,395,456 | N/A | N/A | N/A |
| Echostar Corp. | Bond | +100% | 16,000,000 | N/A | $1.12 | N/A | $17,899,004 | N/A | N/A | N/A |
| Enphase Energy Inc. | Bond | +100% | 11,840,000 | N/A | $0.85 | N/A | $10,058,080 | N/A | N/A | N/A |
| Envista Holdings Corp. | Bond | +100% | 17,118,000 | N/A | $0.90 | N/A | $15,459,694 | N/A | N/A | N/A |
| Etsy | Bond | +100% | 24,981,000 | N/A | $0.85 | N/A | $21,290,057 | N/A | N/A | N/A |
| Expand Energy Corp. (EXE) | Equity | -19.82% | 5,562,364 | 15.37% | $111.32 | $86.98 | $619,202,388 | $483,814,421 | -$135,387,967 | -21.86% |
| Ezcorp. Inc. | Bond | +100% | 1,819,000 | N/A | $1.00 | N/A | $1,819,909 | N/A | N/A | N/A |
| Five9 Inc. | Bond | +100% | 6,163,000 | N/A | $0.99 | N/A | $6,109,999 | N/A | N/A | N/A |
| Fluor Corp. | Bond | +100% | 5,505,000 | N/A | $1.06 | N/A | $5,855,943 | N/A | N/A | N/A |
| Freeport-Mcmoran Inc. (FCX) | Equity | +24.28% | 2,191,108 | 2.06% | $37.86 | $68.68 | $82,955,348 | $150,485,297 | +$67,529,949 | +81.41% |
| Garrett Motion Inc. (GTX) | Equity | 0% | 44,082,816 | 9.16% | $8.37 | $34.32 | $368,973,169 | $1,512,922,245 | +$1,143,949,076 | +310.04% |
| Groupon Inc. | Bond | +100% | 2,539,000 | N/A | $0.96 | N/A | $2,446,665 | N/A | N/A | N/A |
| Guardant Health Inc. | Bond | +100% | 22,076,000 | N/A | $0.89 | N/A | $19,612,956 | N/A | N/A | N/A |
| H World Group Ltd | Bond | +100% | 10,857,000 | N/A | $1.12 | N/A | $12,148,983 | N/A | N/A | N/A |
| Haemonetics Corp. | Bond | +100% | 3,506,000 | N/A | $0.96 | N/A | $3,363,671 | N/A | N/A | N/A |
| Health Catalyst Inc. | Bond | +100% | 375,000 | N/A | $0.99 | N/A | $372,653 | N/A | N/A | N/A |
| Affirm Holdings Inc. | Bond | +100% | 3,693,000 | N/A | $0.92 | N/A | $3,413,954 | N/A | N/A | N/A |
| Alarmcom Holdings Inc. | Bond | +100% | 7,783,000 | N/A | $0.96 | N/A | $7,475,571 | N/A | N/A | N/A |
| Alnylam Pharmaceuticals Inc. | Bond | +100% | 1,000,000 | N/A | $1.15 | N/A | $1,154,000 | N/A | N/A | N/A |
| Alvotech Sa | Warrant | +100% | 4,666,667 | N/A | $1.51 | N/A | $7,046,667 | N/A | N/A | N/A |
| Anywhere Real Estate Inc. | Bond | +100% | 33,515,000 | N/A | $0.93 | N/A | $31,227,601 | N/A | N/A | N/A |
| Ascendis Pharma As | Bond | +100% | 10,267,000 | N/A | $1.19 | N/A | $12,206,490 | N/A | N/A | N/A |
| Banco Macro S.A. (BMA) | Equity | -31.21% | 260,462 | 0.49% | $75.51 | $101.68 | $19,667,485 | $26,483,776 | +$6,816,291 | +34.66% |
| Battalion Oil Corp. (BATL) | Equity | 0% | 3,009,912 | 0.10% | $1.30 | $1.20 | $3,912,885 | $3,611,894 | -$300,991 | -7.69% |
| Berry Corp. (BRY) | Equity | 0% | 3,697,000 | 0.29% | $3.21 | $3.26 | $11,867,370 | $12,052,220 | +$184,850 | +1.56% |
| Blackstone Mortgage Trust Inc. | Bond | +100% | 7,022,000 | N/A | $0.97 | N/A | $6,839,428 | N/A | N/A | N/A |
| Block Inc. (XYZ) | Bond | +100% | 6,813,000 | N/A | $0.88 | N/A | $6,020,988 | N/A | N/A | N/A |
| Bridgebio Pharma Inc. | Bond | +100% | 1,250,000 | N/A | $1.15 | N/A | $1,432,202 | N/A | N/A | N/A |
| Cable One Inc. | Bond | +100% | 42,610,000 | N/A | $0.95 | N/A | $40,479,500 | N/A | N/A | N/A |
| CBL & Associates Properties Inc. (CBL) | Equity | 0% | 3,005,126 | 1.98% | $26.58 | $47.40 | $79,876,275 | $142,442,972 | +$62,566,697 | +78.33% |
| Cerence INC | Bond | +100% | 590,000 | N/A | $0.71 | N/A | $419,195 | N/A | N/A | N/A |
| Coherus Biosciences Inc. | Bond | +100% | 49,030,000 | N/A | $0.98 | N/A | $48,294,369 | N/A | N/A | N/A |
| Conmed Corp. | Bond | +100% | 17,428,000 | N/A | $0.94 | N/A | $16,408,461 | N/A | N/A | N/A |
| Daqo New Energy Corp. (DQ) | Equity | -37.42% | 344,819 | 0.16% | $18.11 | N/A | $6,244,672 | N/A | N/A | N/A |
| Duke Energy corp | Bond | +100% | 1,500,000 | N/A | $1.09 | N/A | $1,627,575 | N/A | N/A | N/A |
| Ecopetrol S.A. (EC) | Equity | +100% | 3,162,122 | 0.82% | $10.44 | $16.58 | $33,012,553 | $52,427,983 | +$19,415,430 | +58.81% |
| Enphase Energy Inc. | Bond | +100% | 11,497,000 | N/A | $0.95 | N/A | $10,936,521 | N/A | N/A | N/A |
| Esperion Therapeutics Inc. | Bond | +100% | 774,000 | N/A | $0.98 | N/A | $759,003 | N/A | N/A | N/A |
| Expand Energy Corp. (CHKEL) | Warrant | +100% | 95,294 | N/A | $100.64 | N/A | $9,590,388 | N/A | N/A | N/A |
| Expedia Group Inc. | Bond | +100% | 4,623,000 | N/A | $0.99 | N/A | $4,565,212 | N/A | N/A | N/A |
| First Majestic Silver Corp. | Bond | +100% | 15,626,000 | N/A | $0.94 | N/A | $14,688,440 | N/A | N/A | N/A |
| Fiverr International 01112025 | Bond | +100% | 2,984,000 | N/A | $0.97 | N/A | $2,901,932 | N/A | N/A | N/A |
| Fubotv INC | Bond | +100% | 4,392,000 | N/A | $0.97 | N/A | $4,260,240 | N/A | N/A | N/A |
| Grab Holdings Limited (GRAB) | Equity | +100% | 10,275,995 | 1.16% | $4.53 | $3.57 | $46,550,257 | $36,685,302 | -$9,864,955 | -21.19% |
| Guardant Health INC | Bond | +100% | 8,088,000 | N/A | $1.04 | N/A | $8,381,383 | N/A | N/A | N/A |
| Guess INC | Bond | +100% | 1,682,000 | N/A | $0.92 | N/A | $1,548,281 | N/A | N/A | N/A |
| H World Group Limited (HTHT) | Equity | +7.35% | 1,229,399 | 1.13% | $37.01 | $42.51 | $45,500,056 | $52,261,751 | +$6,761,695 | +14.86% |
| HDFC Bank Limited (HDB) | Equity | 0% | 89,697 | 0.15% | $66.44 | $25.06 | $5,959,468 | $2,247,807 | -$3,711,661 | -62.28% |
| Herbalife Ltd | Bond | +100% | 4,787,000 | N/A | $0.86 | N/A | $4,129,816 | N/A | N/A | N/A |
| Integra Lifesciences Holdings Corp. | Bond | +100% | 5,901,000 | N/A | $0.98 | N/A | $5,799,207 | N/A | N/A | N/A |
| Itaú Unibanco Holding S.A. (ITUB) | Equity | +100% | 6,941,012 | 0.95% | $5.50 | $7.79 | $38,175,571 | $54,070,483 | +$15,894,912 | +41.64% |
| Jetblue Airways Corp. | Bond | +100% | 43,234,000 | N/A | $0.95 | N/A | $40,877,747 | N/A | N/A | N/A |
| KE Holdings Inc. (BEKE) | Equity | +100% | 1,254,784 | 0.63% | $20.09 | $14.91 | $25,208,610 | $18,708,829 | -$6,499,781 | -25.78% |
| Kingsoft Cloud Holdings Limited (KC) | Equity | +100% | 1,091,853 | 0.39% | $14.36 | N/A | $15,679,009 | N/A | N/A | N/A |
| Liberty Global Ltd. (LBTYA) | Equity | 0% | 7,204,190 | 2.06% | $11.51 | $11.20 | $82,920,226 | $80,686,928 | -$2,233,298 | -2.69% |
| Livanova PLC | Bond | +100% | 14,988,000 | N/A | $0.96 | N/A | $14,321,033 | N/A | N/A | N/A |
| Lumentum Holdings Inc. | Bond | +100% | 6,089,000 | N/A | $0.93 | N/A | $5,641,458 | N/A | N/A | N/A |
| Magnachip Semiconductor Corp. (MX) | Equity | 0% | 2,849,858 | 0.24% | $3.43 | $5.92 | $9,775,012 | $16,871,159 | +$7,096,147 | +72.59% |
| Marriott Vacations Worldwide Corp. | Bond | +100% | 15,336,000 | N/A | $0.93 | N/A | $14,224,140 | N/A | N/A | N/A |
| MGP Ingredients INC | Bond | +100% | 1,211,000 | N/A | $0.95 | N/A | $1,148,352 | N/A | N/A | N/A |
| Neogenomics Inc. | Bond | +100% | 1,376,000 | N/A | $1.00 | N/A | $1,372,560 | N/A | N/A | N/A |
| Nextera Energy INC | Bond | +100% | 8,841,000 | N/A | $1.16 | N/A | $10,224,616 | N/A | N/A | N/A |
| Nokia Oyj (NOK) | Equity | +100% | 18,752,227 | 2.45% | $5.27 | $13.49 | $98,824,236 | $252,967,542 | +$154,143,306 | +155.98% |
| Oaktree Specialty Lending Corp. (OCSL) | Equity | 0% | 1,852,456 | 0.71% | $15.36 | $11.59 | $28,453,724 | $21,469,965 | -$6,983,759 | -24.54% |
| Okta Inc. | Bond | +100% | 3,283,000 | N/A | $0.98 | N/A | $3,228,830 | N/A | N/A | N/A |
| On Semiconductor Corp. | Bond | +100% | 5,491,000 | N/A | $0.87 | N/A | $4,749,989 | N/A | N/A | N/A |
| Pacira Biosciences Inc. | Bond | +100% | 7,556,000 | N/A | $0.99 | N/A | $7,452,217 | N/A | N/A | N/A |
| Parsons corp | Bond | +100% | 1,509,000 | N/A | $1.00 | N/A | $1,511,263 | N/A | N/A | N/A |
| Peloton Interactive Inc. | Bond | +100% | 4,746,000 | N/A | $0.95 | N/A | $4,496,835 | N/A | N/A | N/A |
| Petróleo Brasileiro S.A. - Petrobras (PBR) | Equity | -20.68% | 2,659,492 | 0.95% | $14.34 | $16.75 | $38,137,115 | $44,546,491 | +$6,409,376 | +16.81% |
| Post Holdings Inc. | Bond | +100% | 1,300,000 | N/A | $1.19 | N/A | $1,552,850 | N/A | N/A | N/A |
| Realreal Incthe | Bond | +100% | 295,000 | N/A | $0.84 | N/A | $246,472 | N/A | N/A | N/A |
| Redwood Trust Inc. | Bond | +100% | 1,094,000 | N/A | $0.99 | N/A | $1,079,778 | N/A | N/A | N/A |
| Runway Growth Finance Corp. (RWAY) | Equity | 0% | 10,779,667 | 2.77% | $10.35 | $5.57 | $111,569,562 | $60,042,745 | -$51,526,817 | -46.18% |
| Sea Ltd | Bond | +100% | 22,355,000 | N/A | $0.93 | N/A | $20,890,747 | N/A | N/A | N/A |
| Shake Shack Inc. | Bond | +100% | 11,556,000 | N/A | $0.93 | N/A | $10,696,522 | N/A | N/A | N/A |
| Shopify Inc. | Bond | +100% | 5,600,000 | N/A | $1.00 | N/A | $5,627,999 | N/A | N/A | N/A |
| Smartrent Inc. (SMRT) | Equity | 0% | 7,505,294 | 0.23% | $1.21 | $1.13 | $9,081,406 | $8,480,982 | -$600,424 | -6.61% |
| Snap | Bond | +100% | 20,672,000 | N/A | $0.85 | N/A | $17,540,192 | N/A | N/A | N/A |
| Spotify Technology Sa | Bond | +100% | 2,150,000 | N/A | $1.19 | N/A | $2,568,605 | N/A | N/A | N/A |
| Star Bulk Carriers Corp. (SBLK) | Equity | 0% | 5,373,631 | 2.08% | $15.56 | $25.81 | $83,613,698 | $138,693,416 | +$55,079,718 | +65.87% |
| SPDR S&P 500 ETF Trust (SPY) | Put | +100% | 340,000 | N/A | $559.39 | N/A | $190,192,600 | N/A | N/A | N/A |
| Sunnova Energy Intl Inc. | Bond | +100% | 61,469,000 | N/A | $0.09 | N/A | $5,532,308 | N/A | N/A | N/A |
| Sunopta Inc. (STKL) | Equity | 0% | 20,726,126 | 2.50% | $4.86 | $6.50 | $100,774,304 | $134,719,819 | +$33,945,515 | +33.68% |
| Talen Energy Corp. (TLN) | Equity | -19.36% | 319,829 | 1.59% | $199.67 | $436.29 | $63,860,256 | $139,538,194 | +$75,677,938 | +118.51% |
| Indivior PLC (INDV) | Equity | +26.06% | 11,009,125 | 2.57% | $9.40 | $38.30 | $103,450,915 | $421,649,488 | +$318,198,573 | +307.58% |
| Irhythm Technologies INC | Bond | +100% | 1,900,000 | N/A | $1.04 | N/A | $1,982,650 | N/A | N/A | N/A |
| JD.com Inc. (JD) | Equity | -31.86% | 960,796 | 0.98% | $41.12 | $27.57 | $39,507,931 | $26,489,146 | -$13,018,785 | -32.95% |
| Kanzhun Limited (BZ) | Equity | -33.57% | 1,170,961 | 0.56% | $19.17 | $13.70 | $22,447,322 | $16,042,166 | -$6,405,156 | -28.53% |
| Kilroy Realty Corp. (KRC) | Equity | 0% | 1,850,011 | 1.50% | $32.76 | $36.81 | $60,606,360 | $68,098,905 | +$7,492,545 | +12.36% |
| LI Auto INC | Bond | +100% | 1,450,000 | N/A | $1.18 | N/A | $1,709,912 | N/A | N/A | N/A |
| Liberty Media Corp.-Liberty Formula One | Bond | +100% | 700,000 | N/A | $1.22 | N/A | $852,250 | N/A | N/A | N/A |
| Lumentum Holdings INC | Bond | +100% | 1,900,000 | N/A | $1.18 | N/A | $2,237,250 | N/A | N/A | N/A |
| Lyft INC | Bond | +100% | 1,350,000 | N/A | $0.97 | N/A | $1,309,500 | N/A | N/A | N/A |
| Magnite Inc. | Bond | +100% | 2,239,000 | N/A | $0.96 | N/A | $2,140,484 | N/A | N/A | N/A |
| Mesa Laboratories Inc. | Bond | +100% | 5,438,000 | N/A | $0.98 | N/A | $5,308,865 | N/A | N/A | N/A |
| National Vision Holdings Inc. | Bond | +100% | 6,266,000 | N/A | $1.00 | N/A | $6,234,670 | N/A | N/A | N/A |
| Neogenomics Inc. | Bond | +100% | 31,456,000 | N/A | $0.87 | N/A | $27,288,080 | N/A | N/A | N/A |
| Nice Ltd | Bond | +100% | 2,066,000 | N/A | $0.98 | N/A | $2,021,581 | N/A | N/A | N/A |
| Norwegian Cruise Line Holdings Ltd | Bond | +100% | 12,559,000 | N/A | $0.97 | N/A | $12,219,906 | N/A | N/A | N/A |
| Okta Inc. | Bond | +100% | 1,316,000 | N/A | $0.96 | N/A | $1,262,044 | N/A | N/A | N/A |
| On Semiconductor Corp. | Bond | +100% | 1,250,000 | N/A | $1.06 | N/A | $1,324,999 | N/A | N/A | N/A |
| Onity Group Inc. (ONIT) | Equity | 0% | 410,429 | 0.33% | $32.32 | N/A | $13,265,065 | N/A | N/A | N/A |
| PAR Technology corp | Bond | +100% | 1,100,000 | N/A | $1.07 | N/A | $1,178,650 | N/A | N/A | N/A |
| Pebblebrook Hotel Trust | Bond | +100% | 43,139,000 | N/A | $0.94 | N/A | $40,421,243 | N/A | N/A | N/A |
| Pennymac Mortgage Investment Trust | Bond | +100% | 6,589,000 | N/A | $0.99 | N/A | $6,552,760 | N/A | N/A | N/A |
| PG&E Corp. | Bond | +100% | 6,225,000 | N/A | $1.06 | N/A | $6,592,274 | N/A | N/A | N/A |
| PPL Corp. | Bond | +100% | 11,081,000 | N/A | $1.12 | N/A | $12,427,341 | N/A | N/A | N/A |
| Redfin Corp. | Bond | +100% | 2,754,000 | N/A | $0.88 | N/A | $2,419,570 | N/A | N/A | N/A |
| Repligen Corp. | Bond | +100% | 2,200,000 | N/A | $0.98 | N/A | $2,151,600 | N/A | N/A | N/A |
| Sarepta Therapeutics Inc. | Bond | +100% | 10,115,000 | N/A | $0.93 | N/A | $9,417,065 | N/A | N/A | N/A |
| Seagate Technology Holdings PLC | Bond | +100% | 2,150,000 | N/A | $1.21 | N/A | $2,592,631 | N/A | N/A | N/A |
| Shift4 Payments Inc. | Bond | +100% | 12,010,000 | N/A | $1.01 | N/A | $12,184,145 | N/A | N/A | N/A |
| Sitio Royalties Corp. (STR) | Equity | 0% | 12,935,120 | 6.38% | $19.87 | $18.12 | $257,020,834 | $234,384,374 | -$22,636,460 | -8.81% |
| Snap Inc. | Bond | +100% | 2,041,000 | N/A | $1.00 | N/A | $2,030,795 | N/A | N/A | N/A |
| Solaredge Technologies Inc. | Bond | +100% | 2,716,000 | N/A | $0.97 | N/A | $2,639,952 | N/A | N/A | N/A |
| SSR Mining Inc. (SSRM) | Bond | +100% | 2,873,000 | N/A | $1.00 | N/A | $2,875,154 | N/A | N/A | N/A |
| Summit Hotel Properties Inc. | Bond | +100% | 2,058,000 | N/A | $0.96 | N/A | $1,973,303 | N/A | N/A | N/A |
| Sunnova Energy Intl Inc. | Bond | +100% | 106,199,000 | N/A | $0.10 | N/A | $10,619,892 | N/A | N/A | N/A |
| Talen Energy Corporation (TLN) | Call | +100% | 280,000 | N/A | $199.67 | N/A | $55,907,600 | N/A | N/A | N/A |
| Tandem Diabetes Care INC | Bond | +100% | 6,442,000 | N/A | $0.94 | N/A | $6,071,584 | N/A | N/A | N/A |
| Teladoc Health Inc. | Bond | +100% | 15,354,000 | N/A | $0.92 | N/A | $14,141,028 | N/A | N/A | N/A |
| Ternium S.A. (TX) | Equity | -1.90% | 812,609 | 0.63% | $31.16 | $46.30 | $25,320,896 | $37,623,797 | +$12,302,901 | +48.59% |
| Torm PLC (TRMD) | Equity | 0% | 40,581,120 | 16.45% | $16.33 | $29.41 | $662,769,533 | $1,193,490,739 | +$530,721,206 | +80.08% |
| Transportadora De Gas Del Sur S.A. (TGS) | Equity | -38.98% | 484,606 | 0.32% | $26.46 | $31.60 | $12,822,674 | $15,313,550 | +$2,490,876 | +19.43% |
| Travere Therapeutics Inc. | Bond | +100% | 7,241,000 | N/A | $1.00 | N/A | $7,233,759 | N/A | N/A | N/A |
| Uber Technologies | Bond | +100% | 3,163,000 | N/A | $1.22 | N/A | $3,865,186 | N/A | N/A | N/A |
| Unity Software Inc. | Bond | +100% | 3,216,000 | N/A | $0.93 | N/A | $2,990,880 | N/A | N/A | N/A |
| Upwork Inc. | Bond | +100% | 2,217,000 | N/A | $0.94 | N/A | $2,075,723 | N/A | N/A | N/A |
| Vail Resorts Inc. | Bond | +100% | 5,852,000 | N/A | $0.96 | N/A | $5,639,865 | N/A | N/A | N/A |
| Ventas INC | Bond | +100% | 1,250,000 | N/A | $1.29 | N/A | $1,611,250 | N/A | N/A | N/A |
| Wayfair Inc. | Bond | +100% | 2,585,000 | N/A | $0.98 | N/A | $2,533,300 | N/A | N/A | N/A |
| Wixcom Ltd | Bond | +100% | 4,890,000 | N/A | $0.98 | N/A | $4,804,425 | N/A | N/A | N/A |
| Ziff Davis Inc. | Bond | +100% | 6,886,000 | N/A | $0.94 | N/A | $6,485,751 | N/A | N/A | N/A |
| Livongo Health Inc. | Bond | +100% | 2,317,000 | N/A | $0.99 | N/A | $2,299,621 | N/A | N/A | N/A |
| Telecom Argentina S.A. (TEO) | Equity | -3.22% | 2,709,263 | 0.69% | $10.19 | $13.75 | $27,607,389 | $37,252,366 | +$9,644,977 | +34.94% |
| Tetra Tech Inc. | Bond | +100% | 1,826,000 | N/A | $1.03 | N/A | $1,888,175 | N/A | N/A | N/A |
| Tpi Composites Inc. (TPIC) | Equity | 0% | 4,610,003 | 0.09% | $0.81 | $0.13 | $3,715,662 | $585,470 | -$3,130,192 | -84.24% |
| Transalta Corp. (TAC) | Equity | +100% | 5,585,253 | 1.29% | $9.33 | $13.74 | $52,117,386 | $76,741,376 | +$24,623,990 | +47.25% |
| Travere Therapeutics Inc. | Bond | +100% | 1,377,000 | N/A | $0.98 | N/A | $1,351,652 | N/A | N/A | N/A |
| Two Harbors Investment Corp. | Bond | +100% | 6,466,000 | N/A | $0.99 | N/A | $6,417,505 | N/A | N/A | N/A |
| Uniti Group Inc. (UNIT) | Equity | 0% | 3,397,592 | 0.43% | $5.04 | $11.64 | $17,123,863 | $39,547,971 | +$22,424,108 | +130.95% |
| Upstart Holdings Inc. | Bond | +100% | 9,763,000 | N/A | $0.94 | N/A | $9,140,608 | N/A | N/A | N/A |
| Vacasa Inc. (VCSA) | Equity | 0% | 1,375,448 | 0.18% | $5.38 | N/A | $7,399,910 | N/A | N/A | N/A |
| Vale S.A. (VALE) | Equity | -16.37% | 6,014,782 | 1.49% | $9.98 | $15.42 | $60,027,524 | $92,747,938 | +$32,720,414 | +54.51% |
| Vista Energy S.A.B. De C.V. (VIST) | Equity | -4.75% | 2,184,561 | 2.53% | $46.56 | $68.55 | $101,713,160 | $149,751,657 | +$48,038,497 | +47.23% |
| Wayfair Inc. | Bond | +100% | 5,056,000 | N/A | $0.97 | N/A | $4,929,573 | N/A | N/A | N/A |
| Workiva Inc. | Bond | +100% | 5,897,000 | N/A | $0.93 | N/A | $5,500,426 | N/A | N/A | N/A |
| ZTO Express Cayman Inc. | Bond | +100% | 5,503,000 | N/A | $1.01 | N/A | $5,546,748 | N/A | N/A | N/A |