Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| New | EZCORP INCnote 2.375% 5/0 | $11,190,000 | – | 12,000,000 | – | 21.47% | – | |
| HEP | Sell | HOLLY ENERGY PARTNERS L P COM | $8,294,951 | +0.2% | 377,730 | -15.6% | 15.91% | +2.0% |
| Buy | ANNALY CAPITAL MANAGEMENT INC | $8,194,388 | +25.5% | 435,640 | +33.5% | 15.72% | +27.8% | |
| New | UPSTART HLDGS INCnote 0.250% 8/1 | $7,768,950 | – | 11,760,000 | – | 14.90% | – | |
| MPLX | New | MPLX LP UNIT REP LTD | $4,794,836 | – | 134,800 | – | 9.20% | – |
| KNOP | New | KNOT OFFSHORE PARTNERS LP UNIT | $3,919,600 | – | 573,880 | – | 7.52% | – |
| New | TURNING PT BRANDS INCnote 2.500% 7/1 | $808,525 | – | 850,000 | – | 1.55% | – | |
| Exit | TURNING PT BRANDS INCnote 2.500% 7/1 | $0 | – | -850,000 | – | -1.52% | – | |
| Exit | EZCORP INCnote 2.375% 5/0 | $0 | – | -15,000,000 | – | -25.99% | – | |
| Exit | UPSTART HLDGS INCnote 0.250% 8/1 | $0 | – | -25,530,000 | – | -32.82% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| New | UPSTART HLDGS INCnote 0.250% 8/1 | $17,424,226 | – | 25,530,000 | – | 32.82% | – | |
| New | EZCORP INCnote 2.375% 5/0 | $13,795,283 | – | 15,000,000 | – | 25.99% | – | |
| HEP | New | HOLLY ENERGY PARTNERS L P | $8,281,433 | – | 447,645 | – | 15.60% | – |
| New | ANNALY CAPITAL MANAGEMENT IN | $6,528,443 | – | 326,259 | – | 12.30% | – | |
| STNG | New | SCORPIO TANKERS INC | $6,244,231 | – | 132,209 | – | 11.76% | – |
| New | TURNING PT BRANDS INCnote 2.500% 7/1 | $809,613 | – | 850,000 | – | 1.52% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| UAN | Exit | CVR PARTNERS LP | $0 | – | -213,218 | – | -4.36% | – |
| KNOP | Exit | KNOT OFFSHORE PARTNERS LP | $0 | – | -171,737 | – | -13.84% | – |
| NLY | Exit | ANNALY CAP MGMT INC | $0 | – | -405,300 | – | -16.42% | – |
| Exit | ENCORE CAP GROUP INCnote 3.000% 7/0 | $0 | – | -8,718,000 | – | -27.95% | – | |
| Exit | TITAN MACHY INCnote 3.750% 5/0 | $0 | – | -11,180,000 | – | -37.43% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| Buy | TITAN MACHY INCnote 3.750% 5/0 | $9,705,000 | +16.6% | 11,180,000 | +7.5% | 37.43% | +25.5% | |
| Buy | ENCORE CAP GROUP INCnote 3.000% 7/0 | $7,246,000 | +29.0% | 8,718,000 | +20.0% | 27.95% | +38.7% | |
| NLY | New | ANNALY CAP MGMT INC | $4,257,000 | – | 405,300 | – | 16.42% | – |
| CINR | Exit | CINER RES LP | $0 | – | -73,816 | – | -7.42% | – |
| Exit | TESLA MTRS INCnote 1.250% 3/0 | $0 | – | -3,000,000 | – | -8.84% | – | |
| Exit | ANNALY CAP MGMT INC | $0 | – | -405,300 | – | -16.09% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| New | TITAN MACHY INCnote 3.750% 5/0 | $8,320,000 | – | 10,400,000 | – | 29.83% | – | |
| New | ENCORE CAP GROUP INCnote 3.000% 7/0 | $5,619,000 | – | 7,268,000 | – | 20.15% | – | |
| New | ANNALY CAP MGMT INC | $4,486,000 | – | 405,300 | – | 16.09% | – | |
| KNOP | New | KNOT OFFSHORE PARTNERS LP | $3,187,000 | – | 171,737 | – | 11.43% | – |
| New | TESLA MTRS INCnote 1.250% 3/0 | $2,465,000 | – | 3,000,000 | – | 8.84% | – | |
| CINR | New | CINER RES LP | $2,069,000 | – | 73,816 | – | 7.42% | – |
| UAN | New | CVR PARTNERS LP | $1,742,000 | – | 213,218 | – | 6.25% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| OCIP | Exit | OCI PARTNERS LP | $0 | – | -67,862 | – | -3.16% | – |
| KNOP | Exit | KNOT OFFSHORE PARTNERS LP | $0 | – | -108,396 | – | -7.46% | – |
| OCIR | Exit | OCI RES LP | $0 | – | -91,000 | – | -8.30% | – |
| UAN | Exit | CVR PARTNERS LP | $0 | – | -207,961 | – | -9.04% | – |
| Exit | ANNALY CAP MGMT INC | $0 | – | -381,000 | – | -17.48% | – | |
| Exit | TESLA MTRS INCnote 1.250% 3/0 | $0 | – | -5,500,000 | – | -24.08% | – | |
| Exit | TITAN MACHY INCnote 3.750% 5/0 | $0 | – | -8,825,000 | – | -30.47% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| Buy | TITAN MACHY INCnote 3.750% 5/0 | $6,553,000 | +2.0% | 8,825,000 | +12.8% | 30.47% | +715.0% | |
| New | ANNALY CAP MGMT INC | $3,760,000 | – | 381,000 | – | 17.48% | – | |
| UAN | Sell | CVR PARTNERS LP | $1,944,000 | -51.0% | 207,961 | -33.8% | 9.04% | +291.3% |
| KNOP | New | KNOT OFFSHORE PARTNERS LP | $1,605,000 | – | 108,396 | – | 7.46% | – |
| IEF | Exit | ISHARES TR7-10 y tr bd etf | $0 | – | -10,598 | – | -0.65% | – |
| TIP | Exit | ISHARES TRtips bd etf | $0 | – | -10,231 | – | -0.67% | – |
| TNH | Exit | TERRA NITROGEN CO L P | $0 | – | -15,500 | – | -1.09% | – |
| XLE | Exit | SELECT SECTOR SPDR TRsbi int-energy | $0 | – | -27,740 | – | -1.21% | – |
| OHI | Exit | OMEGA HEALTHCARE INVS INC | $0 | – | -63,000 | – | -1.26% | – |
| EMB | Exit | ISHARESjp mor em mk etf | $0 | – | -26,758 | – | -1.71% | – |
| REM | Exit | ISHARESmrg rl es cp etf | $0 | – | -297,248 | – | -1.83% | – |
| NLY | Exit | ANNALY CAP MGMT INC | $0 | – | -381,000 | – | -2.04% | – |
| IWS | Exit | ISHARES TRrus mdcp val etf | $0 | – | -51,817 | – | -2.22% | – |
| CWB | Exit | SPDR SERIES TRUSTbrc cnv secs etf | $0 | – | -89,177 | – | -2.47% | – |
| USIG | Exit | ISHAREScore us cr bd | $0 | – | -41,493 | – | -2.62% | – |
| PFF | Exit | ISHARESu.s. pfd stk etf | $0 | – | -115,919 | – | -2.64% | – |
| XLV | Exit | SELECT SECTOR SPDR TRsbi healthcare | $0 | – | -65,229 | – | -2.82% | – |
| HYG | Exit | ISHARESiboxx hi yd etf | $0 | – | -54,665 | – | -2.83% | – |
| LQD | Exit | ISHARES TRiboxx inv cp etf | $0 | – | -42,462 | – | -2.86% | – |
| JNK | Exit | SPDR SERIES TRUSTbrc hgh yld bd | $0 | – | -128,782 | – | -2.88% | – |
| XLK | Exit | SELECT SECTOR SPDR TRtechnology | $0 | – | -125,666 | – | -3.03% | – |
| IWN | Exit | ISHARES TRrus 2000 val etf | $0 | – | -51,721 | – | -3.07% | – |
| IWP | Exit | ISHARES TRrus md cp gr etf | $0 | – | -56,664 | – | -3.20% | – |
| MBB | Exit | ISHARESmbs etf | $0 | – | -51,139 | – | -3.23% | – |
| IWO | Exit | ISHARES TRrus 2000 grw etf | $0 | – | -42,579 | – | -3.83% | – |
| EEM | Exit | ISHARES TRmsci emg mkt etf | $0 | – | -176,553 | – | -4.07% | – |
| ICF | Exit | ISHARES TRcohen&steer reit | $0 | – | -79,150 | – | -4.13% | – |
| EFA | Exit | ISHARES TRmsci eafe etf | $0 | – | -129,189 | – | -4.78% | – |
| IWD | Exit | ISHARES TRrus 1000 val etf | $0 | – | -80,722 | – | -4.85% | – |
| VUG | Exit | VANGUARD INDEX FDSgrowth etf | $0 | – | -92,976 | – | -5.80% | – |
| IWF | Exit | ISHARES TRrus 1000 grw etf | $0 | – | -103,263 | – | -5.95% | – |
| VTV | Exit | VANGUARD INDEX FDSvalue etf | $0 | – | -228,318 | – | -11.10% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VTV | New | VANGUARD INDEX FDSvalue etf | $19,072,000 | – | 228,318 | – | 11.10% | – |
| IWF | New | ISHARES TRrus 1000 grw etf | $10,224,000 | – | 103,263 | – | 5.95% | – |
| VUG | New | VANGUARD INDEX FDSgrowth etf | $9,953,000 | – | 92,976 | – | 5.80% | – |
| IWD | New | ISHARES TRrus 1000 val etf | $8,327,000 | – | 80,722 | – | 4.85% | – |
| EFA | New | ISHARES TRmsci eafe etf | $8,203,000 | – | 129,189 | – | 4.78% | – |
| ICF | New | ISHARES TRcohen&steer reit | $7,092,000 | – | 79,150 | – | 4.13% | – |
| EEM | New | ISHARES TRmsci emg mkt etf | $6,995,000 | – | 176,553 | – | 4.07% | – |
| IWO | New | ISHARES TRrus 2000 grw etf | $6,582,000 | – | 42,579 | – | 3.83% | – |
| New | TITAN MACHY INCnote 3.750% 5/0 | $6,422,000 | – | 7,825,000 | – | 3.74% | – | |
| MBB | New | ISHARESmbs etf | $5,554,000 | – | 51,139 | – | 3.23% | – |
| IWP | New | ISHARES TRrus md cp gr etf | $5,489,000 | – | 56,664 | – | 3.20% | – |
| New | TESLA MTRS INCnote 1.250% 3/0 | $5,380,000 | – | 5,500,000 | – | 3.13% | – | |
| IWN | New | ISHARES TRrus 2000 val etf | $5,274,000 | – | 51,721 | – | 3.07% | – |
| XLK | New | SELECT SECTOR SPDR TRtechnology | $5,202,000 | – | 125,666 | – | 3.03% | – |
| JNK | New | SPDR SERIES TRUSTbrc hgh yld bd | $4,948,000 | – | 128,782 | – | 2.88% | – |
| LQD | New | ISHARES TRiboxx inv cp etf | $4,914,000 | – | 42,462 | – | 2.86% | – |
| HYG | New | ISHARESiboxx hi yd etf | $4,854,000 | – | 54,665 | – | 2.83% | – |
| XLV | New | SELECT SECTOR SPDR TRsbi healthcare | $4,852,000 | – | 65,229 | – | 2.82% | – |
| PFF | New | ISHARESu.s. pfd stk etf | $4,540,000 | – | 115,919 | – | 2.64% | – |
| USIG | New | ISHAREScore us cr bd | $4,505,000 | – | 41,493 | – | 2.62% | – |
| CWB | New | SPDR SERIES TRUSTbrc cnv secs etf | $4,242,000 | – | 89,177 | – | 2.47% | – |
| UAN | New | CVR PARTNERS LP | $3,968,000 | – | 314,161 | – | 2.31% | – |
| IWS | New | ISHARES TRrus mdcp val etf | $3,822,000 | – | 51,817 | – | 2.22% | – |
| NLY | New | ANNALY CAP MGMT INC | $3,501,000 | – | 381,000 | – | 2.04% | – |
| REM | New | ISHARESmrg rl es cp etf | $3,145,000 | – | 297,248 | – | 1.83% | – |
| EMB | New | ISHARESjp mor em mk etf | $2,941,000 | – | 26,758 | – | 1.71% | – |
| OCIR | New | OCI RES LP | $2,230,000 | – | 91,000 | – | 1.30% | – |
| OHI | New | OMEGA HEALTHCARE INVS INC | $2,163,000 | – | 63,000 | – | 1.26% | – |
| XLE | New | SELECT SECTOR SPDR TRsbi int-energy | $2,085,000 | – | 27,740 | – | 1.21% | – |
| TNH | New | TERRA NITROGEN CO L P | $1,877,000 | – | 15,500 | – | 1.09% | – |
| TIP | New | ISHARES TRtips bd etf | $1,147,000 | – | 10,231 | – | 0.67% | – |
| OCIP | New | OCI PARTNERS LP | $1,143,000 | – | 67,862 | – | 0.66% | – |
| IEF | New | ISHARES TR7-10 y tr bd etf | $1,112,000 | – | 10,598 | – | 0.65% | – |