Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FYBR | Buy | FRONTIER COMMUNICATIONS PARE | $378,978,976 | -10.8% | 24,215,909 | +6.2% | 36.66% | -11.5% |
| VST | Sell | VISTRA CORP | $96,181,952 | +1.5% | 2,898,793 | -19.7% | 9.30% | +0.7% |
| Buy | AFFIRM HLDGS INCnote 11/1 | $87,465,985 | +8.1% | 117,074,000 | +6.8% | 8.46% | +7.3% | |
| New | DIEBOLD NIXDORF INC | $21,073,648 | – | 1,112,653 | – | 2.04% | – | |
| TCS | Buy | CONTAINER STORE GROUP INC | $7,962,404 | +80.6% | 3,538,846 | +152.0% | 0.77% | +79.1% |
| New | NATIONAL CINEMEDIA INC | $7,538,274 | – | 1,678,903 | – | 0.73% | – | |
| SKIN | Buy | THE BEAUTY HEALTH COMPANY | $3,834,463 | +5.0% | 636,954 | +46.0% | 0.37% | +4.2% |
| New | TRAEGER INC | $982,800 | – | 360,000 | – | 0.10% | – | |
| ICD | Exit | INDEPENDENCE CONTRACT DRILLI | $0 | – | -511,481 | – | -0.14% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FYBR | New | FRONTIER COMMUNICATIONS PARE | $424,960,312 | – | 22,798,300 | – | 41.41% | – |
| CHK | New | CHESAPEAKE ENERGY CORP | $177,652,561 | – | 2,124,060 | – | 17.31% | – |
| VST | New | VISTRA CORP | $94,757,066 | – | 3,609,793 | – | 9.23% | – |
| New | AFFIRM HLDGS INCnote 11/1 | $80,920,399 | – | 109,574,000 | – | 7.88% | – | |
| ALLY | New | ALLY FINL INC | $67,132,599 | – | 2,485,472 | – | 6.54% | – |
| NRG | New | NRG ENERGY INC | $37,219,988 | – | 995,453 | – | 3.63% | – |
| OAS | New | CHORD ENERGY CORPORATION | $36,996,590 | – | 240,550 | – | 3.60% | – |
| New | ENACT HLDGS INC | $32,636,783 | – | 1,298,718 | – | 3.18% | – | |
| GASS | New | STEALTHGAS INC | $25,159,799 | – | 5,906,056 | – | 2.45% | – |
| EPRPRC | New | EPR PPTYSpfd c cv 5.75% | $14,612,362 | – | 692,529 | – | 1.42% | – |
| VAL | New | VALARIS LIMITEDcl a | $9,669,698 | – | 153,658 | – | 0.94% | – |
| SVC | New | SERVICE PPTYS TR | $6,016,487 | – | 692,346 | – | 0.59% | – |
| FPH | New | FIVE POINT HOLDINGS LLC | $5,223,155 | – | 1,807,320 | – | 0.51% | – |
| TCS | New | CONTAINER STORE GROUP INC | $4,409,314 | – | 1,404,240 | – | 0.43% | – |
| SKIN | New | THE BEAUTY HEALTH COMPANY | $3,650,609 | – | 436,154 | – | 0.36% | – |
| New | ORION OFFICE REIT INC | $2,376,711 | – | 359,563 | – | 0.23% | – | |
| New | GOHEALTH INCcl a new | $1,418,351 | – | 71,961 | – | 0.14% | – | |
| ICD | New | INDEPENDENCE CONTRACT DRILLI | $1,396,343 | – | 511,481 | – | 0.14% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $0 | – | 158 | – | 0.00% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -158 | – | 0.00% | – |
| GOCO | Exit | GOHEALTH INC | $0 | – | -1,079,424 | – | -0.03% | – |
| ICD | Exit | INDEPENDENCE CONTRACT DRILLI | $0 | – | -567,000 | – | -0.15% | – |
| CHKEL | Exit | CHESAPEAKE ENERGY CORP*w exp 02/09/202 | $0 | – | -24,496 | – | -0.16% | – |
| SKIN | Exit | THE BEAUTY HEALTH COMPANY | $0 | – | -178,868 | – | -0.18% | – |
| Exit | CIVITAS RESOURCES INC | $0 | – | -39,713 | – | -0.20% | – | |
| Exit | ORION OFFICE REIT INC | $0 | – | -359,563 | – | -0.28% | – | |
| FPH | Exit | FIVE POINT HOLDINGS LLC | $0 | – | -1,807,320 | – | -0.41% | – |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -76,732 | – | -0.65% | – |
| O | Exit | REALTY INCOME CORP | $0 | – | -130,994 | – | -0.67% | – |
| Exit | NRG ENERGY INCdbcv 2.750% 6/0 | $0 | – | -7,634,000 | – | -0.72% | – | |
| EPRPRC | Exit | EPR PPTYSpfd c cv 5.75% | $0 | – | -692,529 | – | -1.05% | – |
| OSH | Exit | OAK STR HEALTH INC | $0 | – | -489,309 | – | -1.05% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -5,906,056 | – | -1.32% | – |
| NRG | Exit | NRG ENERGY INC | $0 | – | -622,953 | – | -2.09% | – |
| PCG | Exit | PG&E CORP | $0 | – | -2,005,366 | – | -2.19% | – |
| Exit | ENACT HLDGS INC | $0 | – | -1,298,718 | – | -2.52% | – | |
| OAS | Exit | CHORD ENERGY CORPORATION | $0 | – | -240,550 | – | -2.88% | – |
| VAL | Exit | VALARIS LIMITEDcl a | $0 | – | -941,662 | – | -4.03% | – |
| Exit | OAK STR HEALTH INCnote 3/1 | $0 | – | -63,000,000 | – | -4.28% | – | |
| ALLY | Exit | ALLY FINL INC | $0 | – | -2,485,472 | – | -6.05% | – |
| VST | Exit | VISTRA CORP | $0 | – | -3,447,293 | – | -6.33% | – |
| CHK | Exit | CHESAPEAKE ENERGY CORP | $0 | – | -2,323,524 | – | -19.14% | – |
| FYBR | Exit | FRONTIER COMMUNICATIONS PARE | $0 | – | -21,278,800 | – | -43.62% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CHK | Sell | CHESAPEAKE ENERGY CORP | $218,799,000 | +6.1% | 2,323,524 | -8.7% | 19.14% | +13.1% |
| VST | Buy | VISTRA CORP | $72,393,000 | -1.6% | 3,447,293 | +7.0% | 6.33% | +4.9% |
| VAL | Sell | VALARIS LIMITEDcl a | $46,085,000 | +15.6% | 941,662 | -0.3% | 4.03% | +23.2% |
| OAS | New | CHORD ENERGY CORPORATION | $32,900,000 | – | 240,550 | – | 2.88% | – |
| NRG | Sell | NRG ENERGY INC | $23,840,000 | -24.8% | 622,953 | -25.0% | 2.09% | -19.8% |
| Sell | NRG ENERGY INCdbcv 2.750% 6/0 | $8,286,000 | -73.3% | 7,634,000 | -73.5% | 0.72% | -71.6% | |
| O | Sell | REALTY INCOME CORP | $7,624,000 | -64.5% | 130,994 | -58.4% | 0.67% | -62.2% |
| CF | Sell | CF INDS HLDGS INC | $7,385,000 | -69.7% | 76,732 | -73.0% | 0.65% | -67.7% |
| EIX | Exit | EDISON INTL | $0 | – | -361,133 | – | -1.87% | – |
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -416,609 | – | -2.33% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FYBR | New | FRONTIER COMMUNICATIONS PARE | $500,903,000 | – | 21,278,800 | – | 41.11% | – |
| CHK | New | CHESAPEAKE ENERGY CORP | $206,231,000 | – | 2,543,983 | – | 16.93% | – |
| ALLY | New | ALLY FINL INC | $83,288,000 | – | 2,485,472 | – | 6.84% | – |
| VST | New | VISTRA CORP | $73,607,000 | – | 3,221,293 | – | 6.04% | – |
| New | OAK STR HEALTH INCnote 3/1 | $45,360,000 | – | 63,000,000 | – | 3.72% | – | |
| VAL | New | VALARIS LIMITEDcl a | $39,881,000 | – | 944,162 | – | 3.27% | – |
| NRG | New | NRG ENERGY INC | $31,704,000 | – | 830,603 | – | 2.60% | – |
| New | NRG ENERGY INCdbcv 2.750% 6/0 | $31,055,000 | – | 28,834,000 | – | 2.55% | – | |
| WLL | New | WHITING PETE CORP NEW | $28,342,000 | – | 416,609 | – | 2.33% | – |
| New | ENACT HLDGS INC | $27,896,000 | – | 1,298,718 | – | 2.29% | – | |
| CF | New | CF INDS HLDGS INC | $24,367,000 | – | 284,232 | – | 2.00% | – |
| EIX | New | EDISON INTL | $22,838,000 | – | 361,133 | – | 1.87% | – |
| O | New | REALTY INCOME CORP | $21,500,000 | – | 314,974 | – | 1.76% | – |
| PCG | New | PG&E CORP | $20,014,000 | – | 2,005,366 | – | 1.64% | – |
| GASS | New | STEALTHGAS INC | $18,958,000 | – | 5,906,056 | – | 1.56% | – |
| EPRPRC | New | EPR PPTYSpfd c cv 5.75% | $15,284,000 | – | 692,529 | – | 1.25% | – |
| OSH | New | OAK STR HEALTH INC | $8,044,000 | – | 489,309 | – | 0.66% | – |
| FPH | New | FIVE POINT HOLDINGS LLC | $7,067,000 | – | 1,807,320 | – | 0.58% | – |
| New | ORION OFFICE REIT INC | $3,941,000 | – | 359,563 | – | 0.32% | – | |
| SKIN | New | THE BEAUTY HEALTH COMPANY | $2,300,000 | – | 178,868 | – | 0.19% | – |
| New | CIVITAS RESOURCES INC | $2,077,000 | – | 39,713 | – | 0.17% | – | |
| ICD | New | INDEPENENCE CONTRACT DRILLI | $1,775,000 | – | 567,000 | – | 0.15% | – |
| CHKEL | New | CHESAPEAKE ENERGY CORP*w exp 02/09/202 | $1,285,000 | – | 24,496 | – | 0.10% | – |
| GOCO | New | GOHEALTH INC | $645,000 | – | 1,079,424 | – | 0.05% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $3,000 | – | 158 | – | 0.00% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -158 | – | 0.00% | – |
| CHKEL | Exit | CHESAPEAKE ENERGY CORP*w exp 09/02/202 | $0 | – | -4,177 | – | -0.01% | – |
| AMPY | Exit | AMPLIFY ENERGY CORP NEW | $0 | – | -128,750 | – | -0.04% | – |
| XOG | Exit | EXTRACTION OIL & GAS INC | $0 | – | -36,800 | – | -0.12% | – |
| STAR | Exit | ISTAR INC | $0 | – | -104,068 | – | -0.16% | – |
| NEX | Exit | NEXTIER OILFIELD SOLUTIONS | $0 | – | -2,209,431 | – | -0.60% | – |
| GOCO | Exit | GOHEALTH INC | $0 | – | -2,316,729 | – | -0.69% | – |
| UAN | Exit | CVR PARTNERS LP | $0 | – | -206,028 | – | -0.85% | – |
| FPH | Exit | FIVE POINT HOLDINGS LLC | $0 | – | -2,044,964 | – | -0.95% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -6,498,794 | – | -1.04% | – |
| EIX | Exit | EDISON INTL | $0 | – | -361,133 | – | -1.19% | – |
| PCG | Exit | PG&E CORP | $0 | – | -2,705,045 | – | -1.54% | – |
| Exit | ENACT HLDGS INC | $0 | – | -1,195,000 | – | -1.56% | – | |
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -453,097 | – | -1.57% | – |
| Exit | NRG ENERGY INCdbcv 2.75% 6/0 | $0 | – | -28,834,000 | – | -2.01% | – | |
| FTSI | Exit | FTS INTERNATIONAL INC | $0 | – | -1,760,675 | – | -2.58% | – |
| VAL | Exit | VALARIS LIMITEDcl a | $0 | – | -1,268,263 | – | -2.63% | – |
| NRG | Exit | NRG ENERGY INC | $0 | – | -1,321,333 | – | -3.21% | – |
| VST | Exit | VISTRA CORP | $0 | – | -3,221,293 | – | -3.28% | – |
| ALLY | Exit | ALLY FINL INC | $0 | – | -2,248,389 | – | -6.83% | – |
| VER | Exit | VEREIT INC | $0 | – | -2,633,880 | – | -7.08% | – |
| CHK | Exit | CHESAPEAKE ENERGY CORP | $0 | – | -2,994,945 | – | -10.96% | – |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -4,958,222 | – | -16.46% | – |
| FYBR | Exit | FRONTIER COMMUNICATIONS PARE | $0 | – | -20,897,035 | – | -34.64% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FYBR | Buy | FRONTIER COMMUNICATIONS PARE | $582,400,000 | +5.8% | 20,897,035 | +0.2% | 34.64% | -2.8% |
| CF | Buy | CF INDS HLDGS INC | $276,768,000 | +27.0% | 4,958,222 | +17.1% | 16.46% | +16.7% |
| ALLY | Buy | ALLY FINL INC | $114,780,000 | +11.3% | 2,248,389 | +8.7% | 6.83% | +2.3% |
| New | ENACT HLDGS INC | $26,206,000 | – | 1,195,000 | – | 1.56% | – | |
| UAN | Sell | CVR PARTNERS LP | $14,360,000 | +3.9% | 206,028 | -7.7% | 0.85% | -4.5% |
| GOCO | New | GOHEALTH INC | $11,653,000 | – | 2,316,729 | – | 0.69% | – |
| STAR | Sell | ISTAR INC | $2,610,000 | -91.2% | 104,068 | -92.7% | 0.16% | -91.9% |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FYBR | New | FRONTIER COMMUNICATIONS PARE | $550,502,000 | – | 20,852,335 | – | 35.62% | – |
| CF | New | CF INDS HLDGS INC | $217,915,000 | – | 4,235,477 | – | 14.10% | – |
| CHK | New | CHESAPEAKE ENERGY CORP | $155,342,000 | – | 2,994,945 | – | 10.05% | – |
| VER | New | VEREIT INC | $120,974,000 | – | 2,633,880 | – | 7.83% | – |
| ALLY | New | ALLY FINL INC | $103,103,000 | – | 2,068,674 | – | 6.67% | – |
| VST | New | VISTRA CORP | $59,755,000 | – | 3,221,293 | – | 3.87% | – |
| NRG | New | NRG ENERGY INC | $53,250,000 | – | 1,321,333 | – | 3.45% | – |
| FTSI | New | FTS INTERNATIONAL INC | $49,809,000 | – | 1,760,675 | – | 3.22% | – |
| VAL | New | VALARIS LIMITEDcl a | $36,627,000 | – | 1,268,263 | – | 2.37% | – |
| New | NRG ENERGY INCdbcv 2.75% 6/0 | $33,671,000 | – | 28,834,000 | – | 2.18% | – | |
| STAR | New | ISTAR INC | $29,528,000 | – | 1,424,400 | – | 1.91% | – |
| PCG | New | PG&E CORP | $27,510,000 | – | 2,705,045 | – | 1.78% | – |
| WLL | New | WHITING PETE CORP NEW | $24,716,000 | – | 453,097 | – | 1.60% | – |
| EIX | New | EDISON INTL | $20,881,000 | – | 361,133 | – | 1.35% | – |
| GASS | New | STEALTHGAS INC | $18,392,000 | – | 6,498,794 | – | 1.19% | – |
| FPH | New | FIVE POINT HOLDINGS LLC | $16,523,000 | – | 2,044,964 | – | 1.07% | – |
| UAN | New | CVR PARTNERS LP | $13,819,000 | – | 223,136 | – | 0.89% | – |
| NEX | New | NEXTIER OILFIELD SOLUTIONS | $10,517,000 | – | 2,209,431 | – | 0.68% | – |
| XOG | New | EXTRACTION OIL & GAS INC | $2,021,000 | – | 36,800 | – | 0.13% | – |
| AMPY | New | AMPLIFY ENERGY CORP NEW | $521,000 | – | 128,750 | – | 0.03% | – |
| CHKEL | New | CHESAPEAKE ENERGY CORP*w exp 09/02/202 | $87,000 | – | 4,177 | – | 0.01% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $3,000 | – | 158 | – | 0.00% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -158 | – | 0.00% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -212 | – | -0.00% | – |
| UAL | Exit | UNITED AIRLS HLDGS INC | $0 | – | -128 | – | -0.00% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -1,193 | – | -0.00% | – |
| LUV | Exit | SOUTHWEST AIRLS CO | $0 | – | -452 | – | -0.00% | – |
| FTSI | Exit | FTS INTERNATIONAL INC | $0 | – | -14,999 | – | -0.01% | – |
| AMPY | Exit | AMPLIFY ENERGY CORP NEW | $0 | – | -150,025 | – | -0.03% | – |
| AY | Exit | ATLANTICA SUSTAINABLE INFR P | $0 | – | -6,695 | – | -0.04% | – |
| OIBRC | Exit | OI S Asponsored adr ne | $0 | – | -175,936 | – | -0.05% | – |
| UAN | Exit | CVR PARTNERS LP | $0 | – | -2,361,308 | – | -0.44% | – |
| CURO | Exit | CURO GROUP HLDGS CORP | $0 | – | -410,410 | – | -0.62% | – |
| NEX | Exit | NEXTIER OILFIELD SOLUTIONS I | $0 | – | -2,425,751 | – | -0.96% | – |
| DAN | Exit | DANA INCORPORATED | $0 | – | -624,558 | – | -1.64% | – |
| BHC | Exit | BAUSCH HEALTH COS INC | $0 | – | -504,019 | – | -1.67% | – |
| FPH | Exit | FIVE POINT HOLDINGS LLC | $0 | – | -2,044,964 | – | -1.82% | – |
| FE | Exit | FIRSTENERGY CORP | $0 | – | -305,000 | – | -1.87% | – |
| EPR | Exit | EPR PPTYS | $0 | – | -405,025 | – | -2.37% | – |
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -730,307 | – | -2.69% | – |
| EIX | Exit | EDISON INTL | $0 | – | -361,133 | – | -3.91% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -6,498,794 | – | -4.12% | – |
| NRG | Exit | NRG ENERGY INC | $0 | – | -628,387 | – | -4.12% | – |
| PCG | Exit | PG&E CORP | $0 | – | -2,818,012 | – | -5.64% | – |
| VST | Exit | VISTRA ENERGY CORP | $0 | – | -2,594,459 | – | -10.43% | – |
| VER | Exit | VEREIT INC | $0 | – | -11,539,261 | – | -15.99% | – |
| ALLY | Exit | ALLY FINL INC | $0 | – | -3,439,859 | – | -18.38% | – |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -3,542,767 | – | -23.19% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VER | Buy | VEREIT INC | $75,005,000 | +27.0% | 11,539,261 | +25.6% | 15.99% | +2.8% |
| VST | Sell | VISTRA ENERGY CORP | $48,931,000 | -28.4% | 2,594,459 | -29.3% | 10.43% | -42.0% |
| PCG | Buy | PG&E CORP | $26,461,000 | +142.4% | 2,818,012 | +128.9% | 5.64% | +96.2% |
| NRG | New | NRG ENERGY INC | $19,317,000 | – | 628,387 | – | 4.12% | – |
| EIX | New | EDISON INTL | $18,360,000 | – | 361,133 | – | 3.91% | – |
| WLL | New | WHITING PETE CORP NEW | $12,627,000 | – | 730,307 | – | 2.69% | – |
| EPR | New | EPR PPTYS | $11,138,000 | – | 405,025 | – | 2.37% | – |
| FE | New | FIRSTENERGY CORP | $8,757,000 | – | 305,000 | – | 1.87% | – |
| BHC | Sell | BAUSCH HEALTH COS INC | $7,832,000 | -18.1% | 504,019 | -3.6% | 1.67% | -33.7% |
| DAN | Sell | DANA INCORPORATED | $7,695,000 | -38.4% | 624,558 | -39.0% | 1.64% | -50.1% |
| CURO | Sell | CURO GROUP HLDGS CORP | $2,893,000 | -29.7% | 410,410 | -18.6% | 0.62% | -43.1% |
| OIBRC | Sell | OI S Asponsored adr ne | $255,000 | +9.9% | 175,936 | -20.3% | 0.05% | -11.5% |
| AY | Sell | ATLANTICA SUSTAINABLE INFR P | $192,000 | -18.6% | 6,695 | -17.6% | 0.04% | -33.9% |
| AMPY | Sell | AMPLIFY ENERGY CORP NEW | $128,000 | -43.4% | 150,025 | -18.2% | 0.03% | -55.0% |
| LUV | Sell | SOUTHWEST AIRLS CO | $17,000 | -10.5% | 452 | -19.0% | 0.00% | -20.0% |
| AAL | Sell | AMERICAN AIRLS GROUP INC | $15,000 | -21.1% | 1,193 | -19.0% | 0.00% | -40.0% |
| DAL | Sell | DELTA AIR LINES INC DEL | $6,000 | -14.3% | 212 | -18.8% | 0.00% | -50.0% |
| UAL | Sell | UNITED AIRLS HLDGS INC | $4,000 | -20.0% | 128 | -19.0% | 0.00% | 0.0% |
| BTU | Exit | PEABODY ENERGY CORP NEW | $0 | – | -101,248 | – | -0.08% | – |
| YPF | Exit | YPF SOCIEDAD ANONIMAspon adr cl d | $0 | – | -52,250 | – | -0.08% | – |
| APTV | Exit | APTIV PLC | $0 | – | -26,468 | – | -0.54% | – |
| Exit | ENSCO JERSEY FIN LTDnote 3.00% 1/3 | $0 | – | -28,000,000 | – | -1.03% | – | |
| Exit | CHEWY INCcall | $0 | – | -100,000 | – | -1.18% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CF | New | CF INDS HLDGS INC | $99,693,000 | – | 3,542,767 | – | 26.26% | – |
| VST | New | VISTRA ENERGY CORP | $68,331,000 | – | 3,669,759 | – | 18.00% | – |
| ALLY | New | ALLY FINL INC | $68,212,000 | – | 3,439,859 | – | 17.96% | – |
| VER | New | VEREIT INC | $59,078,000 | – | 9,187,866 | – | 15.56% | – |
| GASS | New | STEALTHGAS INC | $18,067,000 | – | 6,498,794 | – | 4.76% | – |
| DAN | New | DANA INCORPORATED | $12,489,000 | – | 1,024,558 | – | 3.29% | – |
| PCG | New | PG&E CORP | $10,918,000 | – | 1,230,900 | – | 2.88% | – |
| BHC | New | BAUSCH HEALTH COS INC | $9,559,000 | – | 522,645 | – | 2.52% | – |
| FPH | New | FIVE POINT HOLDINGS LLC | $9,407,000 | – | 2,044,964 | – | 2.48% | – |
| NEX | New | NEXTIER OILFIELD SOLUTIONS I | $5,943,000 | – | 2,425,751 | – | 1.56% | – |
| New | CHEWY INCcall | $4,469,000 | – | 100,000 | – | 1.18% | – | |
| CURO | New | CURO GROUP HLDGS CORP | $4,118,000 | – | 503,984 | – | 1.08% | – |
| New | ENSCO JERSEY FIN LTDnote 3.00% 1/3 | $3,920,000 | – | 28,000,000 | – | 1.03% | – | |
| APTV | New | APTIV PLC | $2,062,000 | – | 26,468 | – | 0.54% | – |
| UAN | New | CVR PARTNERS LP | $2,007,000 | – | 2,361,308 | – | 0.53% | – |
| YPF | New | YPF SOCIEDAD ANONIMAspon adr cl d | $300,000 | – | 52,250 | – | 0.08% | – |
| BTU | New | PEABODY ENERGY CORP NEW | $292,000 | – | 101,248 | – | 0.08% | – |
| AY | New | ATLANTICA SUSTAINABLE INFR P | $236,000 | – | 8,122 | – | 0.06% | – |
| OIBRC | New | OI S Asponsored adr ne | $232,000 | – | 220,670 | – | 0.06% | – |
| AMPY | New | AMPLIFY ENERGY CORP NEW | $226,000 | – | 183,404 | – | 0.06% | – |
| FTSI | New | FTS INTERNATIONAL INC | $103,000 | – | 14,999 | – | 0.03% | – |
| LUV | New | SOUTHWEST AIRLS CO | $19,000 | – | 558 | – | 0.01% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $19,000 | – | 1,473 | – | 0.01% | – |
| DAL | New | DELTA AIR LINES INC DEL | $7,000 | – | 261 | – | 0.00% | – |
| UAL | New | UNITED AIRLS HLDGS INC | $5,000 | – | 158 | – | 0.00% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $3,000 | – | 158 | – | 0.00% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -158 | – | -0.00% | – |
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -6,456 | – | -0.01% | – |
| OIBRC | Exit | OI S Asponsored adr ne | $0 | – | -220,670 | – | -0.06% | – |
| YPF | Exit | YPF SOCIEDAD ANONIMAspon adr cl d | $0 | – | -52,250 | – | -0.11% | – |
| BASX | Exit | BASIC ENERGY SVCS INC NEW | $0 | – | -390,379 | – | -0.13% | – |
| FTSI | Exit | FTS INTERNATIONAL INC | $0 | – | -300,000 | – | -0.16% | – |
| AMPY | Exit | AMPLIFY ENERGY CORP NEW | $0 | – | -183,404 | – | -0.26% | – |
| Exit | CHESAPEAKE ENERGY CORPnote 5.500% 9/1 | $0 | – | -2,000,000 | – | -0.28% | – | |
| UAL | Exit | UNITED CONTL HLDGS INC | $0 | – | -16,052 | – | -0.33% | – |
| BTU | Exit | PEABODY ENERGY CORP NEW | $0 | – | -101,248 | – | -0.34% | – |
| PCG | Exit | PG&E CORP | $0 | – | -215,000 | – | -0.50% | – |
| APTV | Exit | APTIV PLC | $0 | – | -26,468 | – | -0.53% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -49,550 | – | -0.66% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -135,798 | – | -0.84% | – |
| LUV | Exit | SOUTHWEST AIRLS CO | $0 | – | -97,387 | – | -1.21% | – |
| Exit | ENSCO JERSEY FIN LTDnote 3.00% 1/3 | $0 | – | -10,500,000 | – | -1.56% | – | |
| CURO | Exit | CURO GROUP HLDGS CORP | $0 | – | -611,586 | – | -1.87% | – |
| BHC | Exit | BAUSCH HEALTH COS INC | $0 | – | -402,645 | – | -2.03% | – |
| UAN | Exit | CVR PARTNERS LP | $0 | – | -2,361,308 | – | -2.11% | – |
| AY | Exit | ATLANTICA YIELD PLC | $0 | – | -596,980 | – | -3.32% | – |
| FPH | Exit | FIVE POINT HOLDINGS LLC | $0 | – | -2,044,964 | – | -3.54% | – |
| CJ | Exit | C&J ENERGY SVCS INC NEW | $0 | – | -1,502,107 | – | -3.72% | – |
| DAN | Exit | DANA INCORPORATED | $0 | – | -1,285,521 | – | -4.28% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -6,498,794 | – | -4.54% | – |
| ALLY | Exit | ALLY FINL INC | $0 | – | -2,128,862 | – | -16.29% | – |
| VER | Exit | VEREIT INC | $0 | – | -7,998,759 | – | -18.05% | – |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -2,931,191 | – | -33.27% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ALLY | Sell | ALLY FINL INC | $70,593,000 | +1.1% | 2,128,862 | -5.5% | 16.29% | -0.5% |
| GASS | Buy | STEALTHGAS INC | $19,691,000 | -11.4% | 6,498,794 | +0.6% | 4.54% | -12.7% |
| DAN | Buy | DANA INCORPORATED | $18,563,000 | +28.4% | 1,285,521 | +77.4% | 4.28% | +26.5% |
| AY | Sell | ATLANTICA YIELD PLC | $14,381,000 | -45.9% | 596,980 | -49.1% | 3.32% | -46.7% |
| UAN | Buy | CVR PARTNERS LP | $9,162,000 | -4.1% | 2,361,308 | +1.1% | 2.11% | -5.5% |
| BHC | Buy | BAUSCH HEALTH COS INC | $8,798,000 | +232.3% | 402,645 | +283.5% | 2.03% | +227.4% |
| New | ENSCO JERSEY FIN LTDnote 3.00% 1/3 | $6,773,000 | – | 10,500,000 | – | 1.56% | – | |
| DAL | Sell | DELTA AIR LINES INC DEL | $2,854,000 | -49.5% | 49,550 | -50.2% | 0.66% | -50.3% |
| PCG | Sell | PG&E CORP | $2,150,000 | -58.3% | 215,000 | -4.5% | 0.50% | -59.0% |
| AMPY | New | AMPLIFY ENERGY CORP NEW | $1,132,000 | – | 183,404 | – | 0.26% | – |
| MPO | Exit | MIDSTATES PETE CO INC | $0 | – | -183,404 | – | -0.25% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CF | New | CF INDS HLDGS INC | $136,916,000 | – | 2,931,191 | – | 32.07% | – |
| VER | New | VEREIT INC | $72,069,000 | – | 7,998,759 | – | 16.88% | – |
| ALLY | New | ALLY FINL INC | $69,847,000 | – | 2,253,862 | – | 16.36% | – |
| AY | New | ATLANTICA YIELD PLC | $26,578,000 | – | 1,172,393 | – | 6.23% | – |
| GASS | New | STEALTHGAS INC | $22,221,000 | – | 6,459,669 | – | 5.20% | – |
| CJ | New | C&J ENERGY SVCS INC NEW | $17,695,000 | – | 1,502,107 | – | 4.14% | – |
| FPH | New | FIVE POINT HOLDINGS LLC | $15,378,000 | – | 2,044,964 | – | 3.60% | – |
| DAN | New | DANA INCORPORATED | $14,453,000 | – | 724,813 | – | 3.39% | – |
| UAN | New | CVR PARTNERS LP | $9,555,000 | – | 2,336,272 | – | 2.24% | – |
| CURO | New | CURO GROUP HLDGS CORP | $6,758,000 | – | 611,586 | – | 1.58% | – |
| DAL | New | DELTA AIR LINES INC DEL | $5,649,000 | – | 99,550 | – | 1.32% | – |
| PCG | New | PG&E CORP | $5,161,000 | – | 225,169 | – | 1.21% | – |
| LUV | New | SOUTHWEST AIRLS CO | $4,945,000 | – | 97,387 | – | 1.16% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $4,428,000 | – | 135,798 | – | 1.04% | – |
| BHC | New | BAUSCH HEALTH COS INC | $2,648,000 | – | 105,000 | – | 0.62% | – |
| BTU | New | PEABODY ENERGY CORP NEW | $2,440,000 | – | 101,248 | – | 0.57% | – |
| APTV | New | APTIV PLC | $2,139,000 | – | 26,468 | – | 0.50% | – |
| FTSI | New | FTS INTERNATIONAL INC | $1,674,000 | – | 300,000 | – | 0.39% | – |
| New | CHESAPEAKE ENERGY CORPnote 5.500% 9/1 | $1,595,000 | – | 2,000,000 | – | 0.37% | – | |
| UAL | New | UNITED CONTL HLDGS INC | $1,405,000 | – | 16,052 | – | 0.33% | – |
| MPO | New | MIDSTATES PETE CO INC | $1,080,000 | – | 183,404 | – | 0.25% | – |
| YPF | New | YPF SOCIEDAD ANONIMAspon adr cl d | $951,000 | – | 52,250 | – | 0.22% | – |
| BASX | New | BASIC ENERGY SVCS INC NEW | $742,000 | – | 390,379 | – | 0.17% | – |
| OIBRC | New | OI S Asponsored adr ne | $444,000 | – | 220,670 | – | 0.10% | – |
| WLL | New | WHITING PETE CORP NEW | $121,000 | – | 6,456 | – | 0.03% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $3,000 | – | 158 | – | 0.00% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -158 | – | -0.00% | – |
| JONEQ | Exit | JONES ENERGY INCcl a new | $0 | – | -29,987 | – | -0.04% | – |
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -6,456 | – | -0.08% | – |
| OIBRC | Exit | OI S Asponsored adr ne | $0 | – | -205,958 | – | -0.14% | – |
| Exit | DHT HOLDINGS INCdebt 4.500%10/0 | $0 | – | -600,000 | – | -0.15% | – | |
| YPF | Exit | YPF SOCIEDAD ANONIMAspon adr cl d | $0 | – | -52,250 | – | -0.20% | – |
| UAL | Exit | UNITED CONTL HLDGS INC | $0 | – | -16,052 | – | -0.35% | – |
| APTV | Exit | APTIV PLC | $0 | – | -26,468 | – | -0.54% | – |
| MPO | Exit | MIDSTATES PETE CO INC | $0 | – | -250,249 | – | -0.54% | – |
| FTSI | Exit | FTS INTERNATIONAL INC | $0 | – | -300,000 | – | -0.86% | – |
| BTU | Exit | PEABODY ENERGY CORP NEW | $0 | – | -101,248 | – | -0.88% | – |
| LUV | Exit | SOUTHWEST AIRLS CO | $0 | – | -60,478 | – | -0.92% | – |
| BASX | Exit | BASIC ENERGY SVCS INC NEW | $0 | – | -390,379 | – | -0.95% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -102,374 | – | -1.03% | – |
| STAR | Exit | ISTAR FINL INC | $0 | – | -478,933 | – | -1.30% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -98,701 | – | -1.38% | – |
| AIG | Exit | AMERICAN INTL GROUP INC | $0 | – | -116,063 | – | -1.50% | – |
| UAN | Exit | CVR PARTNERS LP | $0 | – | -1,645,606 | – | -1.52% | – |
| Exit | CHESAPEAKE ENERGY CORPnote 5.500% 9/1 | $0 | – | -10,800,000 | – | -2.58% | – | |
| PCG | Exit | PG&E CORP | $0 | – | -270,084 | – | -3.02% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -3,968,146 | – | -3.43% | – |
| FPH | Exit | FIVE POINT HOLDINGS LLC | $0 | – | -2,044,964 | – | -4.67% | – |
| CURO | Exit | CURO GROUP HLDGS CORP | $0 | – | -759,912 | – | -5.58% | – |
| AY | Exit | ATLANTICA YIELD PLC | $0 | – | -1,181,293 | – | -5.90% | – |
| CJ | Exit | C&J ENERGY SVCS INC NEW | $0 | – | -1,312,107 | – | -6.62% | – |
| VER | Exit | VEREIT INC | $0 | – | -7,998,759 | – | -14.09% | – |
| ALLY | Exit | ALLY FINL INC | $0 | – | -2,370,900 | – | -15.22% | – |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -2,008,378 | – | -26.53% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CF | Buy | CF INDS HLDGS INC | $109,336,000 | +26.3% | 2,008,378 | +3.0% | 26.53% | +31.7% |
| CJ | Buy | C&J ENERGY SVCS INC NEW | $27,292,000 | -3.8% | 1,312,107 | +9.1% | 6.62% | +0.3% |
| CURO | Buy | CURO GROUP HLDGS CORP | $22,972,000 | +25.3% | 759,912 | +3.4% | 5.58% | +30.7% |
| GASS | Buy | STEALTHGAS INC | $14,127,000 | -3.7% | 3,968,146 | +6.3% | 3.43% | +0.4% |
| Buy | CHESAPEAKE ENERGY CORPnote 5.500% 9/1 | $10,636,000 | +31.2% | 10,800,000 | +35.0% | 2.58% | +36.9% | |
| UAN | Buy | CVR PARTNERS LP | $6,270,000 | +57.9% | 1,645,606 | +36.8% | 1.52% | +64.7% |
| DAL | Sell | DELTA AIR LINES INC DEL | $5,708,000 | -13.8% | 98,701 | -26.2% | 1.38% | -10.1% |
| AAL | Sell | AMERICAN AIRLS GROUP INC | $4,231,000 | -10.3% | 102,374 | -17.6% | 1.03% | -6.5% |
| BASX | Buy | BASIC ENERGY SVCS INC NEW | $3,900,000 | +12.6% | 390,379 | +25.2% | 0.95% | +17.4% |
| LUV | Sell | SOUTHWEST AIRLS CO | $3,777,000 | -39.0% | 60,478 | -50.3% | 0.92% | -36.4% |
| UAL | Sell | UNITED CONTL HLDGS INC | $1,430,000 | -58.4% | 16,052 | -67.4% | 0.35% | -56.6% |
| OIBRC | New | OI S Asponsored adr ne | $562,000 | – | 205,958 | – | 0.14% | – |
| JONEQ | New | JONES ENERGY INCcl a new | $180,000 | – | 29,987 | – | 0.04% | – |
| LEA | Exit | LEAR CORP | $0 | – | -162 | – | -0.01% | – |
| JONE | Exit | JONES ENERGY INC | $0 | – | -515,322 | – | -0.04% | – |
| DLPH | Exit | DELPHI TECHNOLOGIES PLC | $0 | – | -8,822 | – | -0.09% | – |
| ORIG | Exit | OCEAN RIG UDW INC | $0 | – | -256,810 | – | -1.76% | – |
| LXFR | Exit | LUXFER HLDGS PLC | $0 | – | -534,451 | – | -2.17% | – |
| AABA | Exit | ALTABA INC | $0 | – | -272,466 | – | -4.64% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CF | New | CF INDS HLDGS INC | $86,552,000 | – | 1,949,378 | – | 20.14% | – |
| ALLY | New | ALLY FINL INC | $62,284,000 | – | 2,370,900 | – | 14.49% | – |
| VER | New | VEREIT INC | $59,511,000 | – | 7,998,759 | – | 13.85% | – |
| CJ | New | C&J ENERGY SVCS INC NEW | $28,381,000 | – | 1,202,582 | – | 6.60% | – |
| AY | New | ATLANTICA YIELD PLC | $23,838,000 | – | 1,181,293 | – | 5.55% | – |
| FPH | New | FIVE POINT HOLDINGS LLC | $23,006,000 | – | 2,044,964 | – | 5.35% | – |
| AABA | New | ALTABA INC | $19,947,000 | – | 272,466 | – | 4.64% | – |
| CURO | New | CURO GROUP HLDGS CORP | $18,338,000 | – | 735,000 | – | 4.27% | – |
| GASS | New | STEALTHGAS INC | $14,669,000 | – | 3,732,646 | – | 3.41% | – |
| PCG | New | PG&E CORP | $11,495,000 | – | 270,084 | – | 2.68% | – |
| LXFR | New | LUXFER HLDGS PLC | $9,342,000 | – | 534,451 | – | 2.17% | – |
| New | CHESAPEAKE ENERGY CORPnote 5.500% 9/1 | $8,105,000 | – | 8,000,000 | – | 1.89% | – | |
| ORIG | New | OCEAN RIG UDW INC | $7,571,000 | – | 256,810 | – | 1.76% | – |
| DAL | New | DELTA AIR LINES INC DEL | $6,622,000 | – | 133,665 | – | 1.54% | – |
| LUV | New | SOUTHWEST AIRLS CO | $6,193,000 | – | 121,724 | – | 1.44% | – |
| AIG | New | AMERICAN INTL GROUP INC | $6,154,000 | – | 116,063 | – | 1.43% | – |
| STAR | New | ISTAR FINL INC | $5,168,000 | – | 478,933 | – | 1.20% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $4,717,000 | – | 124,272 | – | 1.10% | – |
| BTU | New | PEABODY ENERGY CORP NEW | $4,605,000 | – | 101,248 | – | 1.07% | – |
| FTSI | New | FTS INTERNATIONAL INC | $4,272,000 | – | 300,000 | – | 0.99% | – |
| UAN | New | CVR PARTNERS LP | $3,970,000 | – | 1,202,960 | – | 0.92% | – |
| BASX | New | BASIC ENERGY SVCS INC NEW | $3,465,000 | – | 311,879 | – | 0.81% | – |
| UAL | New | UNITED CONTL HLDGS INC | $3,437,000 | – | 49,284 | – | 0.80% | – |
| MPO | New | MIDSTATES PETE CO INC | $3,406,000 | – | 250,249 | – | 0.79% | – |
| APTV | New | APTIV PLC | $2,425,000 | – | 26,468 | – | 0.56% | – |
| YPF | New | YPF SOCIEDAD ANONIMAspon adr cl d | $710,000 | – | 52,250 | – | 0.16% | – |
| New | DHT HOLDINGS INCdebt 4.500%10/0 | $608,000 | – | 600,000 | – | 0.14% | – | |
| DLPH | New | DELPHI TECHNOLOGIES PLC | $401,000 | – | 8,822 | – | 0.09% | – |
| WLL | New | WHITING PETE CORP NEW | $340,000 | – | 6,456 | – | 0.08% | – |
| JONE | New | JONES ENERGY INC | $191,000 | – | 515,322 | – | 0.04% | – |
| LEA | New | LEAR CORP | $30,000 | – | 162 | – | 0.01% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $4,000 | – | 158 | – | 0.00% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -158 | – | -0.00% | – |
| Exit | DHT HOLDINGS INCdebt 4.500%10/0 | $0 | – | -600,000 | – | -0.14% | – | |
| TRCO | Exit | TRIBUNE MEDIA COcl a | $0 | – | -22,250 | – | -0.21% | – |
| YPF | Exit | YPF SOCIEDAD ANONIMAspon adr cl d | $0 | – | -52,250 | – | -0.27% | – |
| 3106PS | Exit | DELPHI AUTOMOTIVE PLC | $0 | – | -26,468 | – | -0.60% | – |
| BTU | Exit | PEABODY ENERGY CORP NEW | $0 | – | -101,248 | – | -0.68% | – |
| UAL | Exit | UNITED CONTL HLDGS INC | $0 | – | -55,011 | – | -0.78% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -70,962 | – | -0.78% | – |
| MPO | Exit | MIDSTATES PETE CO INC | $0 | – | -250,249 | – | -0.90% | – |
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -739,523 | – | -0.94% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -101,247 | – | -1.13% | – |
| LUV | Exit | SOUTHWEST AIRLS CO | $0 | – | -88,941 | – | -1.16% | – |
| STAR | Exit | ISTAR FINL INC | $0 | – | -478,933 | – | -1.31% | – |
| BASX | Exit | BASIC ENERGY SVCS INC NEW | $0 | – | -315,129 | – | -1.41% | – |
| AABA | Exit | ALTABA INC | $0 | – | -96,000 | – | -1.48% | – |
| LXFR | Exit | LUXFER HLDGS PLCsponsored adr | $0 | – | -534,451 | – | -1.55% | – |
| AIG | Exit | AMERICAN INTL GROUP INC | $0 | – | -116,063 | – | -1.66% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -2,452,531 | – | -1.89% | – |
| NMIH | Exit | NMI HLDGS INCcl a | $0 | – | -848,647 | – | -2.44% | – |
| Exit | WHITING PETE CORP NEWnote 1.250% 4/0 | $0 | – | -16,344,000 | – | -3.41% | – | |
| AY | Exit | ATLANTICA YIELD PLC | $0 | – | -1,051,793 | – | -4.81% | – |
| ORIG | Exit | OCEAN RIG UDW INC | $0 | – | -1,150,951 | – | -6.36% | – |
| FPH | Exit | FIVE POINT HOLDINGS LLC | $0 | – | -2,044,964 | – | -6.48% | – |
| CJ | Exit | C&J ENERGY SVCS INC NEW | $0 | – | -1,114,878 | – | -7.76% | – |
| Exit | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $0 | – | -33,660,000 | – | -8.14% | – | |
| ALLY | Exit | ALLY FINL INC | $0 | – | -1,730,200 | – | -9.75% | – |
| VER | Exit | VEREIT INC | $0 | – | -7,199,090 | – | -13.86% | – |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -2,459,751 | – | -20.09% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CF | Sell | CF INDS HLDGS INC | $86,485,000 | -41.0% | 2,459,751 | -53.1% | 20.09% | +13.9% |
| VER | Sell | VEREIT INC | $59,680,000 | -49.1% | 7,199,090 | -50.0% | 13.86% | -1.7% |
| ALLY | Sell | ALLY FINL INC | $41,975,000 | -53.3% | 1,730,200 | -59.8% | 9.75% | -9.9% |
| Sell | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $35,041,000 | -49.4% | 33,660,000 | -50.0% | 8.14% | -2.4% | |
| CJ | Sell | C&J ENERGY SVCS INC NEW | $33,413,000 | -65.5% | 1,114,878 | -60.6% | 7.76% | -33.4% |
| FPH | Sell | FIVE POINT HOLDINGS LLC | $27,893,000 | -51.9% | 2,044,964 | -48.0% | 6.48% | -7.2% |
| ORIG | New | OCEAN RIG UDW INC | $27,373,000 | – | 1,150,951 | – | 6.36% | – |
| AY | Sell | ATLANTICA YIELD PLC | $20,720,000 | -53.9% | 1,051,793 | -50.0% | 4.81% | -11.0% |
| Sell | WHITING PETE CORP NEWnote 1.250% 4/0 | $14,669,000 | -52.4% | 16,344,000 | -55.2% | 3.41% | -8.0% | |
| NMIH | Sell | NMI HLDGS INCcl a | $10,523,000 | -45.9% | 848,647 | -50.0% | 2.44% | +4.5% |
| GASS | Sell | STEALTHGAS INC | $8,118,000 | -49.1% | 2,452,531 | -50.0% | 1.89% | -1.7% |
| AIG | Sell | AMERICAN INTL GROUP INC | $7,125,000 | -68.6% | 116,063 | -68.0% | 1.66% | -39.4% |
| LXFR | Sell | LUXFER HLDGS PLCsponsored adr | $6,654,000 | -51.3% | 534,451 | -50.0% | 1.55% | -6.1% |
| BASX | Sell | BASIC ENERGY SVCS INC NEW | $6,082,000 | -61.2% | 315,129 | -50.0% | 1.41% | -25.2% |
| STAR | Sell | ISTAR FINL INC | $5,651,000 | -51.0% | 478,933 | -50.0% | 1.31% | -5.4% |
| LUV | Sell | SOUTHWEST AIRLS CO | $4,979,000 | -59.6% | 88,941 | -55.2% | 1.16% | -22.0% |
| DAL | Sell | DELTA AIR LINES INC DEL | $4,882,000 | -57.8% | 101,247 | -53.0% | 1.13% | -18.5% |
| WLL | Buy | WHITING PETE CORP NEW | $4,038,000 | +5.2% | 739,523 | +6.2% | 0.94% | +103.0% |
| MPO | Sell | MIDSTATES PETE CO INC | $3,889,000 | -38.7% | 250,249 | -50.0% | 0.90% | +18.3% |
| AAL | Sell | AMERICAN AIRLS GROUP INC | $3,370,000 | -61.4% | 70,962 | -59.1% | 0.78% | -25.5% |
| UAL | Sell | UNITED CONTL HLDGS INC | $3,349,000 | -64.9% | 55,011 | -56.6% | 0.78% | -32.2% |
| BTU | Sell | PEABODY ENERGY CORP NEW | $2,937,000 | -39.6% | 101,248 | -49.1% | 0.68% | +16.6% |
| 3106PS | Sell | DELPHI AUTOMOTIVE PLC | $2,604,000 | -75.6% | 26,468 | -78.3% | 0.60% | -52.9% |
| YPF | Sell | YPF SOCIEDAD ANONIMAspon adr cl d | $1,164,000 | -49.1% | 52,250 | -50.0% | 0.27% | -1.8% |
| TRCO | Sell | TRIBUNE MEDIA COcl a | $909,000 | -49.9% | 22,250 | -50.0% | 0.21% | -3.2% |
| Sell | DHT HOLDINGS INCdebt 4.500%10/0 | $593,000 | -49.4% | 600,000 | -50.0% | 0.14% | -2.1% | |
| INSW | Sell | INTERNATIONAL SEAWAYS INC | $3,000 | -50.0% | 158 | -50.0% | 0.00% | 0.0% |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CF | New | CF INDS HLDGS INC | $146,496,000 | – | 5,239,502 | – | 17.63% | – |
| VER | New | VEREIT INC | $117,202,000 | – | 14,398,180 | – | 14.11% | – |
| CJ | New | C&J ENERGY SVCS INC NEW | $96,898,000 | – | 2,827,498 | – | 11.66% | – |
| ALLY | New | ALLY FINL INC | $89,878,000 | – | 4,300,400 | – | 10.82% | – |
| New | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $69,280,000 | – | 67,320,000 | – | 8.34% | – | |
| FPH | New | FIVE POINT HOLDINGS LLC | $58,034,000 | – | 3,931,908 | – | 6.98% | – |
| AY | New | ATLANTICA YIELD PLC | $44,932,000 | – | 2,103,586 | – | 5.41% | – |
| New | WHITING PETE CORP NEWnote 1.250% 4/0 | $30,796,000 | – | 36,500,000 | – | 3.71% | – | |
| AIG | New | AMERICAN INTL GROUP INC | $22,694,000 | – | 363,000 | – | 2.73% | – |
| NMIH | New | NMI HLDGS INCcl a | $19,434,000 | – | 1,697,294 | – | 2.34% | – |
| GASS | New | STEALTHGAS INC | $15,942,000 | – | 4,905,062 | – | 1.92% | – |
| BASX | New | BASIC ENERGY SVCS INC NEW | $15,694,000 | – | 630,258 | – | 1.89% | – |
| LXFR | New | LUXFER HLDGS PLCsponsored adr | $13,672,000 | – | 1,068,902 | – | 1.65% | – |
| LUV | New | SOUTHWEST AIRLS CO | $12,332,000 | – | 198,458 | – | 1.48% | – |
| DAL | New | DELTA AIR LINES INC DEL | $11,568,000 | – | 215,246 | – | 1.39% | – |
| STAR | New | ISTAR FINL INC | $11,532,000 | – | 957,866 | – | 1.39% | – |
| 3106PS | New | DELPHI AUTOMOTIVE PLC | $10,672,000 | – | 121,752 | – | 1.28% | – |
| UAL | New | UNITED CONTL HLDGS INC | $9,534,000 | – | 126,692 | – | 1.15% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $8,730,000 | – | 173,502 | – | 1.05% | – |
| MPO | New | MIDSTATES PETE CO INC | $6,342,000 | – | 500,498 | – | 0.76% | – |
| AABA | New | ALTABA INC | $5,230,000 | – | 96,000 | – | 0.63% | – |
| BTU | New | PEABODY ENERGY CORP NEW | $4,862,000 | – | 198,888 | – | 0.58% | – |
| WLL | New | WHITING PETE CORP NEW | $3,838,000 | – | 696,560 | – | 0.46% | – |
| YPF | New | YPF SOCIEDAD ANONIMAspon adr cl d | $2,288,000 | – | 104,500 | – | 0.28% | – |
| TRCO | New | TRIBUNE MEDIA COcl a | $1,814,000 | – | 44,500 | – | 0.22% | – |
| New | DHT HOLDINGS INCdebt 4.500%10/0 | $1,172,000 | – | 1,200,000 | – | 0.14% | – | |
| INSW | New | INTERNATIONAL SEAWAYS INC | $6,000 | – | 316 | – | 0.00% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -21,120 | – | -0.05% | – |
| Exit | DHT HOLDINGS INCdebt 4.500%10/0 | $0 | – | -600,000 | – | -0.15% | – | |
| TRCO | Exit | TRIBUNE MEDIA COcl a | $0 | – | -22,250 | – | -0.23% | – |
| YPF | Exit | YPF SOCIEDAD ANONIMAspon adr cl d | $0 | – | -52,250 | – | -0.27% | – |
| Exit | ISTAR FINL INCnote 3.000%11/1 | $0 | – | -1,050,000 | – | -0.30% | – | |
| GNW | Exit | GENWORTH FINL INC | $0 | – | -425,000 | – | -0.59% | – |
| 3106PS | Exit | DELPHI AUTOMOTIVE PLC | $0 | – | -60,876 | – | -1.22% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -138,892 | – | -1.43% | – |
| STAR | Exit | ISTAR FINL INC | $0 | – | -478,933 | – | -1.44% | – |
| UAL | Exit | UNITED CONTL HLDGS INC | $0 | – | -101,289 | – | -1.49% | – |
| LXFR | Exit | LUXFER HLDGS PLCsponsored adr | $0 | – | -484,451 | – | -1.58% | – |
| NMIH | Exit | NMI HLDGS INCcl a | $0 | – | -848,647 | – | -1.82% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -167,003 | – | -1.85% | – |
| LUV | Exit | SOUTHWEST AIRLS CO | $0 | – | -216,931 | – | -2.37% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -2,452,531 | – | -2.38% | – |
| AIG | Exit | AMERICAN INTL GROUP INC | $0 | – | -181,500 | – | -3.02% | – |
| DAN | Exit | DANA HLDG CORP | $0 | – | -857,086 | – | -3.75% | – |
| Exit | WHITING PETE CORP NEWnote 1.250% 4/0 | $0 | – | -18,250,000 | – | -4.21% | – | |
| AY | Exit | ATLANTICA YIELD PLC | $0 | – | -985,535 | – | -5.26% | – |
| Exit | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $0 | – | -33,660,000 | – | -9.64% | – | |
| ALLY | Exit | ALLY FINL INC | $0 | – | -1,835,200 | – | -10.04% | – |
| Exit | WHITING PETE CORP NEWdbcv 1.250% 6/0 | $0 | – | -38,630,800 | – | -10.31% | – | |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -2,443,651 | – | -16.72% | – |
| VER | Exit | VEREIT INC | $0 | – | -6,824,090 | – | -19.88% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CF | Buy | CF INDS HLDGS INC | $59,503,000 | +15.6% | 2,443,651 | +14.4% | 16.72% | +2.1% |
| New | WHITING PETE CORP NEWdbcv 1.250% 6/0 | $36,699,000 | – | 38,630,800 | – | 10.31% | – | |
| Sell | WHITING PETE CORP NEWnote 1.250% 4/0 | $14,990,000 | -40.1% | 18,250,000 | -42.5% | 4.21% | -47.1% | |
| LUV | Buy | SOUTHWEST AIRLS CO | $8,436,000 | +12.6% | 216,931 | +13.5% | 2.37% | -0.5% |
| DAL | Sell | DELTA AIR LINES INC DEL | $6,573,000 | -7.2% | 167,003 | -14.1% | 1.85% | -18.0% |
| UAL | Sell | UNITED CONTL HLDGS INC | $5,315,000 | +14.8% | 101,289 | -10.2% | 1.49% | +1.4% |
| AAL | Sell | AMERICAN AIRLS GROUP INC | $5,085,000 | +22.6% | 138,892 | -5.2% | 1.43% | +8.3% |
| Exit | CHESAPEAKE ENERGY CORPnote 2.250%12/1 | $0 | – | -14,000,000 | – | -3.45% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VER | New | VEREIT INC | $69,196,000 | – | 6,824,090 | – | 22.01% | – |
| CF | New | CF INDS HLDGS INC | $51,483,000 | – | 2,136,211 | – | 16.37% | – |
| New | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $33,281,000 | – | 33,660,000 | – | 10.58% | – | |
| ALLY | New | ALLY FINL INC | $31,327,000 | – | 1,835,200 | – | 9.96% | – |
| New | WHITING PETE CORP NEWnote 1.250% 4/0 | $25,043,000 | – | 31,750,000 | – | 7.96% | – | |
| AY | New | ATLANTICA YIELD PLC | $18,311,000 | – | 985,535 | – | 5.82% | – |
| New | CHESAPEAKE ENERGY CORPnote 2.250%12/1 | $10,850,000 | – | 14,000,000 | – | 3.45% | – | |
| AIG | New | AMERICAN INTL GROUP INC | $9,600,000 | – | 181,500 | – | 3.05% | – |
| GASS | New | STEALTHGAS INC | $9,271,000 | – | 2,452,531 | – | 2.95% | – |
| DAN | New | DANA HLDG CORP | $9,051,000 | – | 857,086 | – | 2.88% | – |
| LUV | New | SOUTHWEST AIRLS CO | $7,494,000 | – | 191,128 | – | 2.38% | – |
| DAL | New | DELTA AIR LINES INC DEL | $7,080,000 | – | 194,356 | – | 2.25% | – |
| LXFR | New | LUXFER HLDGS PLCsponsored adr | $5,828,000 | – | 484,451 | – | 1.85% | – |
| NMIH | New | NMI HLDGS INCcl a | $4,651,000 | – | 848,647 | – | 1.48% | – |
| UAL | New | UNITED CONTL HLDGS INC | $4,628,000 | – | 112,768 | – | 1.47% | – |
| STAR | New | ISTAR FINL INC | $4,593,000 | – | 478,933 | – | 1.46% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $4,147,000 | – | 146,485 | – | 1.32% | – |
| 3106PS | New | DELPHI AUTOMOTIVE PLC | $3,811,000 | – | 60,876 | – | 1.21% | – |
| GNW | New | GENWORTH FINL INC | $1,097,000 | – | 425,000 | – | 0.35% | – |
| New | ISTAR FINL INCnote 3.000%11/1 | $1,059,000 | – | 1,050,000 | – | 0.34% | – | |
| YPF | New | YPF SOCIEDAD ANONIMAspon adr cl d | $1,003,000 | – | 52,250 | – | 0.32% | – |
| TRCO | New | TRIBUNE MEDIA COcl a | $872,000 | – | 22,250 | – | 0.28% | – |
| New | DHT HOLDINGS INCdebt 4.500%10/0 | $567,000 | – | 600,000 | – | 0.18% | – | |
| WLL | New | WHITING PETE CORP NEW | $196,000 | – | 21,120 | – | 0.06% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CJESQ | Exit | C & J ENERGY SVCS LTD | $0 | – | -100,000 | – | -0.18% | – |
| Exit | DHT HOLDINGS INCdebt 4.500%10/0 | $0 | – | -600,000 | – | -0.36% | – | |
| TRCO | Exit | TRIBUNE MEDIA COcl a | $0 | – | -22,250 | – | -0.41% | – |
| YPF | Exit | YPF SOCIEDAD ANONIMAspon adr cl d | $0 | – | -52,250 | – | -0.41% | – |
| Exit | ISTAR FINL INCnote 3.000%11/1 | $0 | – | -1,050,000 | – | -0.62% | – | |
| CJESQ | Exit | C & J ENERGY SVCS LTDput | $0 | – | -124,300 | – | -0.64% | – |
| GNW | Exit | GENWORTH FINL INC | $0 | – | -425,000 | – | -1.02% | – |
| UAL | Exit | UNITED CONTL HLDGS INC | $0 | – | -84,270 | – | -2.32% | – |
| 3106PS | Exit | DELPHI AUTOMOTIVE PLC | $0 | – | -60,876 | – | -2.40% | – |
| LXFR | Exit | LUXFER HLDGS PLCsponsored adr | $0 | – | -484,451 | – | -2.72% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -124,110 | – | -2.89% | – |
| Exit | CHESAPEAKE ENERGY CORPnote 2.250%12/1 | $0 | – | -8,000,000 | – | -2.95% | – | |
| STAR | Exit | ISTAR FINL INC | $0 | – | -478,933 | – | -3.13% | – |
| NMIH | Exit | NMI HLDGS INCcl a | $0 | – | -848,647 | – | -3.35% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -187,779 | – | -3.79% | – |
| WLL | Exit | WHITING PETE CORP NEW | $0 | – | -621,120 | – | -4.93% | – |
| AIG | Exit | AMERICAN INTL GROUP INC | $0 | – | -181,500 | – | -5.36% | – |
| GASS | Exit | STEALTHGAS INC | $0 | – | -2,452,531 | – | -5.72% | – |
| CFG | Exit | CITIZENS FINL GROUP INC | $0 | – | -519,500 | – | -6.44% | – |
| DAN | Exit | DANA HLDG CORP | $0 | – | -857,086 | – | -7.07% | – |
| CF | Exit | CF INDS HLDGS INC | $0 | – | -379,000 | – | -8.84% | – |
| Exit | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $0 | – | -23,500,000 | – | -11.33% | – | |
| VER | Exit | VEREIT INC | $0 | – | -5,759,212 | – | -23.10% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VER | New | VEREIT INC | $44,461,000 | – | 5,759,212 | – | 23.10% | – |
| Buy | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $21,796,000 | +26.0% | 23,500,000 | +27.0% | 11.33% | +1.6% | |
| CF | New | CF INDS HLDGS INC | $17,017,000 | – | 379,000 | – | 8.84% | – |
| DAN | Buy | DANA HLDG CORP | $13,611,000 | -9.7% | 857,086 | +17.1% | 7.07% | -27.2% |
| CFG | New | CITIZENS FINL GROUP INC | $12,395,000 | – | 519,500 | – | 6.44% | – |
| GASS | Buy | STEALTHGAS INC | $11,012,000 | -25.9% | 2,452,531 | +11.4% | 5.72% | -40.3% |
| WLL | New | WHITING PETE CORP NEW | $9,485,000 | – | 621,120 | – | 4.93% | – |
| New | CHESAPEAKE ENERGY CORPnote 2.250%12/1 | $5,680,000 | – | 8,000,000 | – | 2.95% | – | |
| CJESQ | New | C & J ENERGY SVCS LTD | $352,000 | – | 100,000 | – | 0.18% | – |
| T104PS | Exit | AMERICAN RLTY CAP PPTYS INC | $0 | – | -5,759,212 | – | -30.19% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| T104PS | New | AMERICAN RLTY CAP PPTYS INC | $46,822,000 | – | 5,759,212 | – | 30.19% | – |
| New | AMERICAN RLTY CAP PPTYS INCnote 3.750%12/1 | $17,298,000 | – | 18,500,000 | – | 11.15% | – | |
| DAN | New | DANA HLDG CORP | $15,066,000 | – | 732,086 | – | 9.71% | – |
| GASS | New | STEALTHGAS INC | $14,860,000 | – | 2,201,411 | – | 9.58% | – |
| AIG | New | AMERICAN INTL GROUP INC | $11,220,000 | – | 181,500 | – | 7.23% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $7,499,000 | – | 187,779 | – | 4.84% | – |
| NMIH | New | NMI HLDGS INCcl a | $6,806,000 | – | 848,647 | – | 4.39% | – |
| STAR | New | ISTAR FINL INC | $6,379,000 | – | 478,933 | – | 4.11% | – |
| LXFR | New | LUXFER HLDGS PLCsponsored adr | $6,298,000 | – | 484,451 | – | 4.06% | – |
| 3106PS | New | DELPHI AUTOMOTIVE PLC | $5,180,000 | – | 60,876 | – | 3.34% | – |
| DAL | New | DELTA AIR LINES INC DEL | $5,098,000 | – | 124,110 | – | 3.29% | – |
| UAL | New | UNITED CONTL HLDGS INC | $4,467,000 | – | 84,270 | – | 2.88% | – |
| GNW | New | GENWORTH FINL INC | $3,217,000 | – | 425,000 | – | 2.07% | – |
| YPF | New | YPF SOCIEDAD ANONIMAspon adr cl d | $1,433,000 | – | 52,250 | – | 0.92% | – |
| New | ISTAR FINL INCnote 3.000%11/1 | $1,265,000 | – | 1,050,000 | – | 0.82% | – | |
| TRCO | New | TRIBUNE MEDIA COcl a | $1,188,000 | – | 22,250 | – | 0.77% | – |
| New | DHT HOLDINGS INCdebt 4.500%10/0 | $711,000 | – | 600,000 | – | 0.46% | – | |
| CJESQ | New | C & J ENERGY SVCS LTDput | $295,000 | – | 124,300 | – | 0.19% | – |