{"url":"https://nivawealth.com/firms/aequim-alternative-investments-293127","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/293127","regulatoryAum":8247997673,"crd":"293127","history":[{"filedOn":"2021-03-31","regulatoryAum":2643709099,"clients":4,"employees":7,"offices":1},{"filedOn":"2022-03-28","regulatoryAum":4702508490,"clients":4,"employees":8,"offices":1},{"filedOn":"2023-06-26","regulatoryAum":5133253088,"clients":4,"employees":8,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":4416612552,"clients":4,"employees":10,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":4805312195,"clients":4,"employees":10,"offices":1},{"filedOn":"2026-03-23","regulatoryAum":8247997673,"clients":5,"employees":11,"offices":1}],"secFileNumber":"801-112992","legalName":"Aequim Alternative Investments LP","displayName":"Aequim Alternative Investments","slug":"aequim-alternative-investments-293127","website":"https://aequim.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/aequim-alternative-investments/","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"2 Belvedere Place, Suite 250","city":"Mill Valley","state":"CA","stateName":"California","country":"United States","postalCode":"94941"},"tradeNames":[],"registration":{"secApproved":"30 April 2018","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":11,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":8247997673,"discretionary":8247997673,"discretionaryAccounts":5,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":11,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":4991428038},{"label":"State or municipal government entities","clients":2,"regulatoryAum":3256569635}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"BNP Paribas Securities Corp.","shortName":"BNP Paribas Securities","location":"Jersey City, NJ","smaAssets":1256559853},{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":1056302810},{"name":"Barclays Capital Inc.","shortName":"Barclays Capital","location":"New York, NY","smaAssets":817344374}],"custodyNote":"Aequim Alternative Investments has custody of client assets.","otherCustodians":[],"leadership":[{"name":"David Goldstein","title":"Chief Operating Officer and Chief Compliance Officer","crd":"1670828"},{"name":"Charles Cater","title":"Limited Partner","crd":"5548810"},{"name":"Gregory Leograndis","title":"Limited Partner","crd":"2163579"},{"name":"Franklin Parlamis","title":"Chief Investment Officer","crd":"4154930"},{"name":"Christopher Winchester","title":"Limited Partner","crd":"3160650"}],"ownership":[{"label":"Franklin Parlamis","detail":"Chief investment officer in the 50% to 75% ownership band and a control person, since January 2018. Also a manager of Aequim Alternative Investments LLC in the 75% or more band and a control person, since October 2018. Also a manager of The Aequim Initiative LLC in the 75% or more band and a control person, since April 2021."},{"label":"David Goldstein","detail":"Chief operating officer and chief compliance officer in the 10% to 25% ownership band and a control person, since January 2018."},{"label":"Gregory Leograndis","detail":"Limited partner in the 5% to 10% ownership band, since March 2020."},{"label":"Christopher Winchester","detail":"Limited partner in the 5% to 10% ownership band, since March 2020."},{"label":"Charles Cater","detail":"Limited partner in the 10% to 25% ownership band, since March 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"2 Belvedere Place, Suite 250","city":"Mill Valley","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"415-477-9077","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":13},{"label":"Investment grade corporate bonds","percent":53},{"label":"Non-investment grade corporate bonds","percent":33},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":1},"sources":{"adv1FilingDate":"23 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/293127/PDF/293127.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Aequim Alternative Investments have?","answer":"Aequim Alternative Investments has 5 clients and manages $8.25 billion for them, as of March 2026. They include 3 pooled investment vehicles and 2 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Aequim Alternative Investments offer?","answer":"Aequim Alternative Investments provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Aequim Alternative Investments use?","answer":"Aequim Alternative Investments’ separately managed account assets are held at BNP Paribas Securities Corp. (Jersey City, NJ), with $1.26B, J.P. Morgan Securities LLC (New York, NY), with $1.06B and Barclays Capital Inc. (New York, NY), with $817M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Aequim Alternative Investments have?","answer":"Aequim Alternative Investments has 0 investment adviser representatives registered with state securities authorities, out of 11 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Aequim Alternative Investments invest in?","answer":"At the end of its last fiscal year, Aequim Alternative Investments’ separately managed accounts held 53% investment grade corporate bonds, 33% high-yield corporate bonds, 13% exchange-traded equities and 1% cash and equivalents. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Aequim Alternative Investments?","answer":"Aequim Alternative Investments’ direct owners are Franklin Parlamis (50% to 75%), David Goldstein (10% to 25%), Gregory Leograndis (5% to 10%), Christopher Winchester (5% to 10%) and Charles Cater (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Aequim Alternative Investments get paid?","answer":"Aequim Alternative Investments is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Aequim Alternative Investments?","answer":"Aequim Alternative Investments’ main office is at 2 Belvedere Place, Suite 250, Mill Valley, CA 94941. Its phone number is 415-477-9077. Its website is aequim.com.","source":"Form ADV Part 1A, Item 1.F, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/aequim-alternative-investments-293127/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-11","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1728201/000142050626001517/0001420506-26-001517-index.html","totalValue":6434602902,"positionCount":102,"top10Share":0.4931605356740319,"top10":[{"issuer":"WESTERN DIGITAL CORP","titleOfClass":"NOTE 3.000%11/1","cusip":"958102AT2","value":1023118949,"shares":60500000,"shareType":"PRN","priorValue":397488225,"priorShares":55500000},{"issuer":"HEWLETT PACKARD ENTERPRISE C","titleOfClass":"7.625 MAND CONV","cusip":"42824C208","value":473931000,"shares":4050000,"shareType":"SH","priorValue":225785000,"priorShares":3500000},{"issuer":"BRUKER CORP","titleOfClass":"6.375 PREF SER A","cusip":"116794207","value":258757314,"shares":580000,"shareType":"SH","priorValue":144050850,"priorShares":500000},{"issuer":"ALIBABA GROUP HLDG LTD","titleOfClass":"NOTE 0.500% 6/0","cusip":"01609WBG6","value":236200000,"shares":200000000,"shareType":"PRN","priorValue":252197000,"priorShares":181600000},{"issuer":"SUPER MICRO COMPUTER INC","titleOfClass":"7 DEP CM SR A WI","cusip":"86800U500","value":223428000,"shares":4300000,"shareType":"SH"},{"issuer":"ECHOSTAR CORP","titleOfClass":"NOTE 3.875%11/3","cusip":"278768AB2","value":215625000,"shares":69000000,"shareType":"PRN","priorValue":246647400,"priorShares":69000000},{"issuer":"SNOWFLAKE INC","titleOfClass":"NOTE 10/0","cusip":"833445AB5","value":199734101,"shares":120000000,"shareType":"PRN","priorValue":173309500,"priorShares":146500000},{"issuer":"EVERGY INC","titleOfClass":"NOTE 4.500%12/1","cusip":"30034WAD8","value":190769100,"shares":134000000,"shareType":"PRN","priorValue":180933500,"priorShares":134000000},{"issuer":"ORACLE CORP","titleOfClass":"6.5 DEP CUM SR D","cusip":"68389X204","value":184295000,"shares":4100000,"shareType":"SH","priorValue":103297500,"priorShares":2250000},{"issuer":"WEC ENERGY GROUP INC","titleOfClass":"NOTE 4.375% 6/0","cusip":"92939UAR7","value":167433750,"shares":135000000,"shareType":"PRN","priorValue":152923875,"priorShares":123500000}],"positionsListed":102,"positions":[{"issuer":"WESTERN DIGITAL CORP","titleOfClass":"NOTE 3.000%11/1","cusip":"958102AT2","value":1023118949,"shares":60500000,"shareType":"PRN","priorValue":397488225,"priorShares":55500000},{"issuer":"HEWLETT PACKARD ENTERPRISE C","titleOfClass":"7.625 MAND CONV","cusip":"42824C208","value":473931000,"shares":4050000,"shareType":"SH","priorValue":225785000,"priorShares":3500000},{"issuer":"BRUKER CORP","titleOfClass":"6.375 PREF SER A","cusip":"116794207","value":258757314,"shares":580000,"shareType":"SH","priorValue":144050850,"priorShares":500000},{"issuer":"ALIBABA GROUP HLDG LTD","titleOfClass":"NOTE 0.500% 6/0","cusip":"01609WBG6","value":236200000,"shares":200000000,"shareType":"PRN","priorValue":252197000,"priorShares":181600000},{"issuer":"SUPER MICRO COMPUTER INC","titleOfClass":"7 DEP CM SR A WI","cusip":"86800U500","value":223428000,"shares":4300000,"shareType":"SH"},{"issuer":"ECHOSTAR CORP","titleOfClass":"NOTE 3.875%11/3","cusip":"278768AB2","value":215625000,"shares":69000000,"shareType":"PRN","priorValue":246647400,"priorShares":69000000},{"issuer":"SNOWFLAKE INC","titleOfClass":"NOTE 10/0","cusip":"833445AB5","value":199734101,"shares":120000000,"shareType":"PRN","priorValue":173309500,"priorShares":146500000},{"issuer":"EVERGY INC","titleOfClass":"NOTE 4.500%12/1","cusip":"30034WAD8","value":190769100,"shares":134000000,"shareType":"PRN","priorValue":180933500,"priorShares":134000000},{"issuer":"ORACLE CORP","titleOfClass":"6.5 DEP CUM SR D","cusip":"68389X204","value":184295000,"shares":4100000,"shareType":"SH","priorValue":103297500,"priorShares":2250000},{"issuer":"WEC ENERGY GROUP INC","titleOfClass":"NOTE 4.375% 6/0","cusip":"92939UAR7","value":167433750,"shares":135000000,"shareType":"PRN","priorValue":152923875,"priorShares":123500000},{"issuer":"RIVIAN AUTOMOTIVE INC","titleOfClass":"NOTE 3.625%10/1","cusip":"76954AAD5","value":165497305,"shares":155000000,"shareType":"PRN","priorValue":148831000,"priorShares":155000000},{"issuer":"TXNM ENERGY INC","titleOfClass":"NOTE 5.750% 6/0","cusip":"69349HAF4","value":160076875,"shares":122500000,"shareType":"PRN","priorValue":146643750,"priorShares":110000000},{"issuer":"MICROCHIP TECHNOLOGY INC.","titleOfClass":"DEP SHS REPSTG","cusip":"595017302","value":130407000,"shares":1700000,"shareType":"SH","priorValue":59818500,"priorShares":1050000},{"issuer":"LIVE NATION ENTERTAINMENT IN","titleOfClass":"NOTE 3.125% 1/1","cusip":"538034BA6","value":129340000,"shares":72500000,"shareType":"PRN","priorValue":68467500,"priorShares":45000000},{"issuer":"CENTERPOINT ENERGY INC","titleOfClass":"NOTE 4.250% 8/1","cusip":"15189TBD8","value":129209438,"shares":107250000,"shareType":"PRN","priorValue":127439813,"priorShares":107250000},{"issuer":"ALBEMARLE CORP","titleOfClass":"7.25% DEP SHS A","cusip":"012653200","value":123153750,"shares":2225000,"shareType":"SH","priorValue":93405000,"priorShares":1300000},{"issuer":"ETSY INC","titleOfClass":"NOTE 0.125%10/0","cusip":"29786AAJ5","value":99469500,"shares":97500000,"shareType":"PRN","priorValue":78224000,"priorShares":80000000},{"issuer":"FIRSTENERGY CORP","titleOfClass":"NOTE 3.625% 1/1","cusip":"337932AT4","value":95615625,"shares":87500000,"shareType":"PRN"},{"issuer":"NOVANTA INC","titleOfClass":"UNIT 11/01/2028","cusip":"67000B203","value":95585000,"shares":1400000,"shareType":"SH","priorValue":53640000,"priorShares":1000000},{"issuer":"GUARDANT HEALTH INC","titleOfClass":"DEBT 1.250% 2/1","cusip":"40131MAD1","value":94406250,"shares":37500000,"shareType":"PRN","priorValue":71520471,"priorShares":42500000},{"issuer":"PG&E CORP","titleOfClass":"PFD CONV SER A","cusip":"69331C306","value":91014000,"shares":2200000,"shareType":"SH","priorValue":94578000,"priorShares":2200000},{"issuer":"WEC ENERGY GROUP INC","titleOfClass":"NOTE 4.375% 6/0","cusip":"92939UAP1","value":81742500,"shares":67500000,"shareType":"PRN","priorValue":81405000,"priorShares":67500000},{"issuer":"INTERDIGITAL INC","titleOfClass":"NOTE 3.500% 6/0","cusip":"45867GAD3","value":81640300,"shares":22300000,"shareType":"PRN","priorValue":87081500,"priorShares":22300000},{"issuer":"CMS ENERGY CORP","titleOfClass":"NOTE 3.375% 5/0","cusip":"125896BX7","value":78172500,"shares":70000000,"shareType":"PRN","priorValue":79187500,"priorShares":70000000},{"issuer":"REPLIGEN CORP","titleOfClass":"NOTE 1.000%12/1","cusip":"759916AD1","value":77090409,"shares":75000000,"shareType":"PRN","priorValue":79478950,"priorShares":81350000},{"issuer":"GRANITE CONSTR INC","titleOfClass":"NOTE 3.250% 6/1","cusip":"387328AF4","value":75447000,"shares":36000000,"shareType":"PRN","priorValue":82437500,"priorShares":50000000},{"issuer":"TRIP COM GROUP LTD","titleOfClass":"NOTE 0.750% 6/1","cusip":"89677QAB3","value":74025000,"shares":75000000,"shareType":"PRN","priorValue":93353582,"priorShares":90000000},{"issuer":"INTEGER HLDGS CORP","titleOfClass":"DBCV 1.875% 3/1","cusip":"45826HAD1","value":67987500,"shares":70000000,"shareType":"PRN","priorValue":65178000,"priorShares":68000000},{"issuer":"NEXTERA ENERGY INC","titleOfClass":"UNIT 02/15/2029","cusip":"65339F655","value":67116000,"shares":1400000,"shareType":"SH","priorValue":55755300,"priorShares":1110000},{"issuer":"PG&E CORP","titleOfClass":"NOTE 4.250%12/0","cusip":"69331CAL2","value":62674063,"shares":61250000,"shareType":"PRN","priorValue":63468827,"priorShares":61250000},{"issuer":"GUIDEWIRE SOFTWARE INC","titleOfClass":"NOTE 1.250%11/0","cusip":"40171VAC4","value":62562500,"shares":65000000,"shareType":"PRN","priorValue":54896875,"priorShares":55000000},{"issuer":"UNITY SOFTWARE INC","titleOfClass":"NOTE 3/1","cusip":"91332UAH4","value":62287500,"shares":55000000,"shareType":"PRN","priorValue":59886000,"priorShares":60000000},{"issuer":"WHIRLPOOL CORP","titleOfClass":"8.5 DEP SR A CNV","cusip":"963320205","value":61460000,"shares":1750000,"shareType":"SH","priorValue":24570000,"priorShares":600000},{"issuer":"ITRON INC","titleOfClass":"NOTE 1.375% 7/1","cusip":"465741AQ9","value":59906339,"shares":60000000,"shareType":"PRN","priorValue":50375000,"priorShares":50000000},{"issuer":"NEXTERA ENERGY INC","titleOfClass":"UNIT 06/01/2027","cusip":"65339F663","value":57922600,"shares":1090000,"shareType":"SH","priorValue":40585500,"priorShares":725000},{"issuer":"UGI CORP NEW","titleOfClass":"NOTE 5.000% 6/0","cusip":"902681AB1","value":53594000,"shares":40000000,"shareType":"PRN","priorValue":91341250,"priorShares":65000000},{"issuer":"SUPER MICRO COMPUTER INC","titleOfClass":"NOTE 6/1","cusip":"86800UAF1","value":53336100,"shares":60000000,"shareType":"PRN"},{"issuer":"CLOUDFLARE INC","titleOfClass":"NOTE 6/1","cusip":"18915MAF4","value":50046500,"shares":39500000,"shareType":"PRN"},{"issuer":"COREWEAVE INC","titleOfClass":"COM CL A","cusip":"21873S108","value":45704587,"shares":459158,"shareType":"SH","priorValue":16164735,"priorShares":208658},{"issuer":"BENTLEY SYS INC","titleOfClass":"NOTE 0.375% 7/0","cusip":"08265TAD1","value":42777850,"shares":44500000,"shareType":"PRN","priorValue":40417500,"priorShares":42500000},{"issuer":"JAZZ INVESTMENTS I LTD","titleOfClass":"NOTE 3.125% 9/1","cusip":"472145AH4","value":42643750,"shares":25000000,"shareType":"PRN","priorValue":49647500,"priorShares":35000000},{"issuer":"MKS INC.","titleOfClass":"COM","cusip":"55306N104","value":40351811,"shares":90719,"shareType":"SH","priorValue":19365629,"priorShares":84268},{"issuer":"FIRSTENERGY CORP","titleOfClass":"NOTE 3.875% 1/1","cusip":"337932AV9","value":34732813,"shares":31250000,"shareType":"PRN"},{"issuer":"PPL CORP","titleOfClass":"UNIT 02/15/2029","cusip":"69351T866","value":31895500,"shares":650000,"shareType":"SH","priorValue":20516000,"priorShares":400000},{"issuer":"SOUTHERN CO","titleOfClass":"NOTE 3.250% 6/1","cusip":"842587ED5","value":30346969,"shares":30000000,"shareType":"PRN"},{"issuer":"VARONIS SYS INC","titleOfClass":"NOTE 1.000% 9/1","cusip":"922280AD4","value":26709375,"shares":27500000,"shareType":"PRN","priorValue":24058948,"priorShares":27500000},{"issuer":"ALIGNMENT HEALTHCARE INC","titleOfClass":"NOTE 4.250%11/1","cusip":"01625VAB0","value":25625853,"shares":15000000,"shareType":"PRN","priorValue":21159375,"priorShares":15000000},{"issuer":"PALO ALTO NETWORKS INC","titleOfClass":"COM","cusip":"697435105","value":25011430,"shares":73343,"shareType":"SH","priorValue":11341518,"priorShares":70743},{"issuer":"PPL CAP FDG INC","titleOfClass":"NOTE 2.875% 3/1","cusip":"69352PAS2","value":24429375,"shares":21500000,"shareType":"PRN","priorValue":25214125,"priorShares":21500000},{"issuer":"WARNER BROS DISCOVERY INC","titleOfClass":"COM SER A","cusip":"934423104","value":24412562,"shares":915700,"shareType":"SH","priorValue":12082400,"priorShares":440000},{"issuer":"ELECTRONIC ARTS INC","titleOfClass":"COM","cusip":"285512109","value":20384462,"shares":99417,"shareType":"SH","priorValue":20268144,"priorShares":99417},{"issuer":"IREN LIMITED","titleOfClass":"NOTE 3.250% 6/1","cusip":"46270CAB5","value":19638882,"shares":6713000,"shareType":"PRN","priorValue":15342562,"priorShares":6713000},{"issuer":"CHEESECAKE FACTORY INC","titleOfClass":"COM","cusip":"163072101","value":19397818,"shares":243875,"shareType":"SH","priorValue":13352156,"priorShares":243875},{"issuer":"FLUOR CORP","titleOfClass":"COM","cusip":"343412102","value":18476486,"shares":352672,"shareType":"SH","priorValue":16452149,"priorShares":352672},{"issuer":"UNITY SOFTWARE INC","titleOfClass":"NOTE 11/1","cusip":"91332UAB7","value":18375216,"shares":18674000,"shareType":"PRN","priorValue":18169802,"priorShares":18674000},{"issuer":"NUTANIX INC","titleOfClass":"CL A","cusip":"67059N108","value":16298333,"shares":319826,"shareType":"SH","priorValue":12156586,"priorShares":319826},{"issuer":"SOUTHERN CO","titleOfClass":"COM","cusip":"842587107","value":16278548,"shares":170082,"shareType":"SH","priorValue":9206271,"priorShares":95382},{"issuer":"ISHARES BITCOIN TRUST ETF","titleOfClass":"SHS BEN INT","cusip":"46438F101","value":15146950,"shares":455000,"shareType":"SH","priorValue":12486500,"priorShares":325000},{"issuer":"COINBASE GLOBAL INC","titleOfClass":"COM CL A","cusip":"19260Q107","value":14591370,"shares":99811,"shareType":"SH","priorValue":17427999,"priorShares":99811},{"issuer":"CORE SCIENTIFIC INC NEW","titleOfClass":"*W EXP 01/23/202","cusip":"21874A114","value":13877126,"shares":736969,"shareType":"SH","priorValue":6448479,"priorShares":736969},{"issuer":"ADVANCED ENERGY INDS","titleOfClass":"NOTE 2.500% 9/1","cusip":"007973AE0","value":13673911,"shares":5000000,"shareType":"PRN","priorValue":12031500,"priorShares":5000000},{"issuer":"BILL HOLDINGS INC","titleOfClass":"NOTE 4/0","cusip":"090043AF7","value":12995250,"shares":15000000,"shareType":"PRN"},{"issuer":"RUBRIK INC.","titleOfClass":"NOTE 6/1","cusip":"781154AD1","value":12793750,"shares":12500000,"shareType":"PRN"},{"issuer":"FOX CORP","titleOfClass":"CL B COM","cusip":"35137L204","value":12105939,"shares":258453,"shareType":"SH","priorValue":13723854,"priorShares":258453},{"issuer":"VSE CORP","titleOfClass":"UNIT 02/01/2029","cusip":"918284209","value":11534000,"shares":200000,"shareType":"SH","priorValue":10060000,"priorShares":200000},{"issuer":"ETSY INC","titleOfClass":"NOTE 0.250% 6/1","cusip":"29786AAN6","value":11438750,"shares":12500000,"shareType":"PRN","priorValue":11192500,"priorShares":12500000},{"issuer":"GOLAR LNG LTD","titleOfClass":"NOTE 2.750%12/1","cusip":"38046YAD3","value":11409000,"shares":10000000,"shareType":"PRN"},{"issuer":"EPR PPTYS","titleOfClass":"PFD C CV 5.75%","cusip":"26884U208","value":11272800,"shares":440000,"shareType":"SH","priorValue":9948400,"priorShares":440000},{"issuer":"REDWOOD TRUST INC","titleOfClass":"NOTE 7.750% 6/1","cusip":"758075AF2","value":10911250,"shares":10750000,"shareType":"PRN","priorValue":9896250,"priorShares":9750000},{"issuer":"WILLIS LEASE FIN CORP","titleOfClass":"NOTE 2.500% 5/1","cusip":"970646AA3","value":10880931,"shares":10000000,"shareType":"PRN"},{"issuer":"BOEING CO","titleOfClass":"DEP CONV PFD A","cusip":"097023204","value":10095000,"shares":150000,"shareType":"SH"},{"issuer":"RIOT PLATFORMS INC","titleOfClass":"NOTE 0.750% 1/1","cusip":"767292AB1","value":10053600,"shares":5000000,"shareType":"PRN","priorValue":8643750,"priorShares":7500000},{"issuer":"DOORDASH INC","titleOfClass":"NOTE 5/1","cusip":"25809KAB1","value":9862500,"shares":10000000,"shareType":"PRN"},{"issuer":"MIRUM PHARMACEUTICALS INC","titleOfClass":"NOTE 4.000% 5/0","cusip":"604749AB7","value":9833840,"shares":2656000,"shareType":"PRN","priorValue":35904000,"priorShares":12000000},{"issuer":"JETBLUE AIRWAYS CORP","titleOfClass":"COM","cusip":"477143101","value":9284428,"shares":1620319,"shareType":"SH"},{"issuer":"TYLER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"902252105","value":9212490,"shares":31500,"shareType":"SH"},{"issuer":"SYNAPTICS INC","titleOfClass":"COM","cusip":"87157D109","value":9205443,"shares":74100,"shareType":"SH"},{"issuer":"NEWS CORP NEW","titleOfClass":"CL A","cusip":"65249B109","value":6032324,"shares":242945,"shareType":"SH","priorValue":6056619,"priorShares":242945},{"issuer":"ENPHASE ENERGY INC","titleOfClass":"NOTE 3/0","cusip":"29355AAK3","value":5591372,"shares":6000000,"shareType":"PRN","priorValue":5362516,"priorShares":6000000},{"issuer":"BANK OF AMER CORP","titleOfClass":"7.25%CNV PFD L","cusip":"060505682","value":5368006,"shares":4279,"shareType":"SH","priorValue":5092010,"priorShares":4279},{"issuer":"SIRIUSXM HOLDINGS INC","titleOfClass":"COMMON STOCK","cusip":"829933100","value":5229791,"shares":177041,"shareType":"SH","priorValue":9073302,"priorShares":393124},{"issuer":"SHIFT4 PMTS INC","titleOfClass":"6 SER A CNV PREF","cusip":"82452J307","value":4358900,"shares":70000,"shareType":"SH","priorValue":3813481,"priorShares":70000},{"issuer":"PARSONS CORP DEL","titleOfClass":"COM","cusip":"70202L102","value":4056767,"shares":77434,"shareType":"SH","priorValue":4194600,"priorShares":77434},{"issuer":"HAEMONETICS CORP MASS","titleOfClass":"COM","cusip":"405024100","value":3840000,"shares":51200,"shareType":"SH","priorValue":2885632,"priorShares":51200},{"issuer":"KENVUE INC","titleOfClass":"COM","cusip":"49177J102","value":3822000,"shares":200000,"shareType":"SH","priorValue":3448000,"priorShares":200000},{"issuer":"NEWELL BRANDS INC","titleOfClass":"COM","cusip":"651229106","value":3315600,"shares":540000,"shareType":"SH","priorValue":1852200,"priorShares":540000},{"issuer":"KKR & CO INC","titleOfClass":"COM","cusip":"48251W104","value":2936960,"shares":32000,"shareType":"SH"},{"issuer":"REPAY HLDGS CORP","titleOfClass":"COM CL A","cusip":"76029L100","value":2429633,"shares":578484,"shareType":"SH","priorValue":1504058,"priorShares":578484},{"issuer":"ALARM COM HLDGS INC","titleOfClass":"NOTE 2.250% 6/0","cusip":"011642AD7","value":2378250,"shares":2500000,"shareType":"PRN","priorValue":2307813,"priorShares":2500000},{"issuer":"EPR PPTYS","titleOfClass":"CONV PFD 9% SR E","cusip":"26884U307","value":2277655,"shares":71692,"shareType":"SH","priorValue":2178003,"priorShares":71692},{"issuer":"HALOZYME THERAPEUTICS INC","titleOfClass":"NOTE 0.250% 3/0","cusip":"40637HAD1","value":2232197,"shares":2000000,"shareType":"PRN","priorValue":2083750,"priorShares":2000000},{"issuer":"WORKIVA INC","titleOfClass":"COM CL A","cusip":"98139A105","value":2173976,"shares":44815,"shareType":"SH","priorValue":2672318,"priorShares":44815},{"issuer":"HERTZ CORP","titleOfClass":"NOTE 8.000% 7/1","cusip":"428040DE6","value":2092836,"shares":4000000,"shareType":"PRN"},{"issuer":"ODDITY TECH LTD","titleOfClass":"SHS CL A","cusip":"M7518J104","value":1928349,"shares":127452,"shareType":"SH","priorValue":1705308,"priorShares":127452},{"issuer":"CLEVELAND-CLIFFS INC NEW","titleOfClass":"COM","cusip":"185899101","value":1878000,"shares":200000,"shareType":"SH","priorValue":1690000,"priorShares":200000},{"issuer":"LCI INDS","titleOfClass":"NOTE 3.000% 3/0","cusip":"501812AD3","value":1345500,"shares":1200000,"shareType":"PRN"},{"issuer":"ADIENT PLC","titleOfClass":"ORD SHS","cusip":"G0084W101","value":1286600,"shares":70000,"shareType":"SH","priorValue":1414700,"priorShares":70000},{"issuer":"BAXTER INTL INC","titleOfClass":"COM","cusip":"071813109","value":1279200,"shares":60000,"shareType":"SH","priorValue":1008000,"priorShares":60000},{"issuer":"ONEMAIN HLDGS INC","titleOfClass":"COM","cusip":"68268W103","value":513733,"shares":8426,"shareType":"SH","priorValue":450707,"priorShares":8426},{"issuer":"LIVEPERSON INC","titleOfClass":"COM","cusip":"538146309","value":275165,"shares":121218,"shareType":"SH","priorValue":309106,"priorShares":121218},{"issuer":"GOODYEAR TIRE & RUBR CO","titleOfClass":"COM","cusip":"382550101","value":198000,"shares":30000,"shareType":"SH","priorValue":198900,"priorShares":30000},{"issuer":"ALGOMA STL GROUP INC","titleOfClass":"*W EXP 10/19/202","cusip":"015658115","value":14372,"shares":414191,"shareType":"SH","priorValue":30899,"priorShares":414191}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}