Q2 2025 · 13F-HR
CAMDEN ASSET MANAGEMENT L P /CAholdings as filed
Filed 2025-08-13 · accession 0001104659-25-077118
$4.27B
Reported value
97
Positions
2025-06-30
Period end
The Brief · CAMDEN ASSET MANAGEMENT L P /CA · Q2 2025
AI · grounded in 13F
CAMDEN ASSET MANAGEMENT L P /CA initiated a new position in FORD MTR CO NOTE 3/1 [[stock:F 0 03/15/26]] valued at $216.6M. The fund also added new positions in NEXTERA ENERGY CAP HLDGS INC NOTE 3.000PERCENT 3/0 [[stock:NEE 3 03/01/27]] for $208.4M and EVERGY INC NOTE 4.500PERCENT12/1 [[stock:EVRG 4.5 12/15/27]] for $167.1M. Other new entries include AIRBNB INC NOTE 3/1 [[stock:ABNB 0 03/15/26]] at $165.2M and BANK AMERICA CORP 7.25PERCENTCNV PFD L [[stock:BAC 7.25 PERP L]] at $145M. The fund ended the period with 97 positions and total AUM of $4.27B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO NOTE 3/1 | $216.6M | 5.07% | 219,224,000 | Common | NONE |
| 65339KCY4 | NEE 3 03/01/27 | NEXTERA ENERGY CAP HLDGS INC NOTE 3.000PERCENT 3/0 | $208.4M | 4.88% | 183,312,000 | Common | NONE |
| 30034WAD8 | EVRG 4.5 12/15/27 | EVERGY INC NOTE 4.500PERCENT12/1 | $167.1M | 3.91% | 142,896,000 | Common | NONE |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC NOTE 3/1 | $165.2M | 3.87% | 171,400,000 | Common | NONE |
| 060505682 | BAC 7.25 PERP L | BANK AMERICA CORP 7.25PERCENTCNV PFD L | $145.0M | 3.40% | 119,488 | Common | NONE |
| 92277GAZ0 | VTR 3.75 06/01/26 | VENTAS RLTY LTD PARTNERSHIP NOTE 3.750PERCENT 6/0 | $91.7M | 2.15% | 76,730,000 | Common | NONE |
| 09239BAF6 | BL 1 06/01/29 | BLACKLINE INC NOTE 1.000PERCENT 6/0 ADDED | $90.4M | 2.12% | 85,120,000 | Common | NONE |
| 30212PBE4 | EXPE 0 02/15/26 | EXPEDIA GROUP INC NOTE 2/1 | $89.4M | 2.09% | 91,946,000 | Common | NONE |
| 90353TAJ9 | UBER 0 12/15/25 | UBER TECHNOLOGIES INC NOTE 12/1 | $83.0M | 1.94% | 69,311,000 | Common | NONE |
| 82509LAA5 | SHOPCN 0.125 11/01/25 | SHOPIFY INC NOTE 0.125PERCENT11/0 | $81.5M | 1.91% | 80,563,000 | Common | NONE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAP FDG INC NOTE 2.875PERCENT 3/1 | $79.9M | 1.87% | 74,020,000 | Common | NONE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC NOTE 3/1 | $79.0M | 1.85% | 52,180,000 | Common | NONE |
| 462222AF7 | IONS 1.75 06/15/28 | IONIS PHARMACEUTICALS INC NOTE 1.750PERCENT 6/1 | $78.3M | 1.83% | 74,661,000 | Common | NONE |
| 92939UAP1 | WEC 4.375 06/01/27 | WEC ENERGY GROUP INC NOTE 4.375PERCENT 6/0 ADDED | $78.0M | 1.83% | 69,250,000 | Common | NONE |
| 40637HAF6 | HALO 1 08/15/28 | HALOZYME THERAPEUTICS INC NOTE 1.000PERCENT 8/1 | $77.4M | 1.81% | 67,963,000 | Common | NONE |
| 81180WBL4 | STX 3.5 06/01/28 | SEAGATE HDD CAYMAN NOTE 3.500PERCENT 6/0 | $76.3M | 1.79% | 42,431,000 | Common | NONE |
| 15677JAD0 | DAY 0.25 03/15/26 | DAYFORCE INC NOTE 0.250PERCENT 3/1 | $69.5M | 1.63% | 72,227,000 | Common | NONE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC NOTE 0.250PERCENT 8/1 | $68.7M | 1.61% | 73,023,000 | Common | NONE |
| 92939UAR7 | WEC 4.375 06/01/29 | WEC ENERGY GROUP INC NOTE 4.375PERCENT 6/0 ADDED | $68.6M | 1.61% | 59,565,000 | Common | NONE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW NOTE 4.125PERCENT 4/1 | $67.7M | 1.58% | 63,969,000 | Common | NONE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES INC NOTE 0.875PERCENT12/0 | $66.8M | 1.56% | 46,837,000 | Common | NONE |
| 98149GAB6 | WKC 3.25 07/01/28 | WORLD KINECT CORPORATION NOTE 3.250PERCENT 7/0 | $63.2M | 1.48% | 54,350,000 | Common | NONE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC NOTE 0.375PERCENT 5/1 | $63.1M | 1.48% | 67,230,000 | Common | NONE |
| 65339F713 | NEE 6.926 09/01/25 | NEXTERA ENERGY INC UNIT 09/01/2025 | $62.5M | 1.46% | 1,572,123 | Common | NONE |
| 405024AD2 | HAE 2.5 06/01/29 | HAEMONETICS CORP MASS NOTE 2.500PERCENT 6/0 ADDED | $56.3M | 1.32% | 56,711,000 | Common | NONE |
| 83304AAF3 | SNAP 0 05/01/27 | SNAP INC NOTE 5/0 | $55.9M | 1.31% | 61,750,000 | Common | NONE |
| 283678209 | KMI 4.75 03/31/28 | EL PASO ENERGY CAP TR I PFD CV TR SEC 28 | $55.5M | 1.30% | 1,133,344 | Common | NONE |
| 29786AAN6 | ETSY 0.25 06/15/28 | ETSY INC NOTE 0.250PERCENT 6/1 | $55.5M | 1.30% | 64,715,000 | Common | NONE |
| 88162GAB9 | TTEK 2.25 08/15/28 | TETRA TECH INC NEW DBCV 2.250PERCENT 8/1 | $53.5M | 1.25% | 47,551,000 | Common | NONE |
| 03040WBE4 | AWK 3.625 06/15/26 | AMERICAN WTR CAP CORP NOTE 3.625PERCENT 6/1 | $52.0M | 1.22% | 51,780,000 | Common | NONE |
| 25402DAB8 | DOCN 0 12/01/26 | DIGITALOCEAN HLDGS INC NOTE 12/0 | $50.2M | 1.18% | 53,850,000 | Common | NONE |
| 69553PAD2 | PD 1.5 10/15/28 * | PAGERDUTY INC NOTE 1.500PERCENT10/1 | $48.7M | 1.14% | 51,129,000 | Common | NONE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. NOTE 1.250PERCENT 6/0 ADDED | $45.9M | 1.07% | 46,526,000 | Common | NONE |
| 852234AK9 | XYZ 0.25 11/01/27 | BLOCK INC NOTE 0.250PERCENT11/0 | $45.5M | 1.07% | 50,970,000 | Common | NONE |
| 679295AF2 | OKTA 0.375 06/15/26 | OKTA INC NOTE 0.375PERCENT 6/1 | $44.2M | 1.03% | 46,296,000 | Common | NONE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP NOTE 2.250PERCENT 6/1 | $43.1M | 1.01% | 45,500,000 | Common | NONE |
| 852234AJ2 | XYZ 0 05/01/26 | BLOCK INC NOTE 5/0 | $42.6M | 1.00% | 44,634,000 | Common | NONE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP NOTE 0.500PERCENT 3/0 | $42.4M | 0.99% | 45,841,000 | Common | NONE |
| 723484AK7 | PNW 4.75 06/15/27 | PINNACLE WEST CAP CORP NOTE 4.750PERCENT 6/1 ADDED | $41.9M | 0.98% | 38,728,000 | Common | NONE |
| 91332UAB7 | U 0 11/15/26 | UNITY SOFTWARE INC NOTE 11/1 | $41.8M | 0.98% | 44,877,000 | Common | NONE |
| 163086AE1 | CHEF 2.375 12/15/28 | CHEFS WHSE INC NOTE 2.375PERCENT12/1 | $41.1M | 0.96% | 26,397,000 | Common | NONE |
| 17243VAB8 | CNK 4.5 08/15/25 | CINEMARK HLDGS INC NOTE 4.500PERCENT 8/1 | $40.9M | 0.96% | 19,313,000 | Common | NONE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP NOTE 3.000PERCENT11/1 | $40.0M | 0.94% | 22,275,000 | Common | NONE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN NOTE 3.125PERCENT 1/1 | $39.9M | 0.93% | 25,975,000 | Common | NONE |
| 819047AB7 | SHAK 0 03/01/28 | SHAKE SHACK INC NOTE 3/0 | $38.8M | 0.91% | 36,291,000 | Common | NONE |
| 743312AD2 | PRGS 3.5 03/01/30 | PROGRESS SOFTWARE CORP NOTE 3.500PERCENT 3/0 | $38.3M | 0.90% | 33,102,000 | Common | NONE |
| 949746804 | WFC 7.5 PERP L | WELLS FARGO CO NEW PERP PFD CNV A | $36.7M | 0.86% | 31,256 | Common | NONE |
| 753422AH7 | RPD 1.25 03/15/29 | RAPID7 INC NOTE 1.250PERCENT 3/1 | $36.3M | 0.85% | 41,090,000 | Common | NONE |
| 98421MAE6 | XRX 3.75 03/15/30 | XEROX HOLDINGS CORP NOTE 3.750PERCENT 3/1 | $36.1M | 0.85% | 63,650,000 | Common | NONE |
| 55024UAH2 | LITE 1.5 12/15/29 | LUMENTUM HLDGS INC NOTE 1.500PERCENT12/1 | $35.3M | 0.83% | 23,050,000 | Common | NONE |
| 70509VAA8 | PEB 1.75 12/15/26 | PEBBLEBROOK HOTEL TR NOTE 1.750PERCENT12/1 | $32.7M | 0.77% | 34,585,000 | Common | NONE |
| 038923BA5 | ABR 7.5 08/01/25 | ARBOR REALTY TRUST INC NOTE 7.500PERCENT 8/0 | $32.3M | 0.76% | 32,585,000 | Common | NONE |
| 29415FAD6 | NVST 1.75 08/15/28 | ENVISTA HOLDINGS CORPORATION NOTE 1.750PERCENT 8/1 | $31.6M | 0.74% | 34,123,000 | Common | NONE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC NOTE 1.375PERCENT 7/1 ADDED | $31.0M | 0.73% | 26,050,000 | Common | NONE |
| 48123VAH5 | ZD 3.625 03/01/28 | ZIFF DAVIS INC DEBT 3.625PERCENT 3/0 | $30.5M | 0.71% | 32,701,000 | Common | NONE |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY INC. NOTE 0.750PERCENT 6/0 ADDED | $29.7M | 0.70% | 30,250,000 | Common | NONE |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP NOTE 0.375PERCENT 3/0 | $29.6M | 0.69% | 32,500,000 | Common | NONE |
| 477839AB0 | JBTM 0.25 05/15/26 | JBT MAREL CORPORATION NOTE 0.250PERCENT 5/1 | $27.7M | 0.65% | 27,959,000 | Common | NONE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC NOTE 1.250PERCENT 6/0 | $26.7M | 0.63% | 29,066,000 | Common | NONE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP NOTE 1.125PERCENT 8/1 | $26.0M | 0.61% | 19,850,000 | Common | NONE |
| 45781MAD3 | INVA 2.125 03/15/28 | INNOVIVA INC NOTE 2.125PERCENT 3/1 | $26.0M | 0.61% | 26,102,000 | Common | NONE |
| 57164YAF4 | VAC 3.25 12/15/27 | MARRIOTT VACATIONS WORLDWIDE NOTE 3.250PERCENT12/1 | $24.4M | 0.57% | 26,250,000 | Common | NONE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICALS IN NOTE 2.000PERCENT 3/1 | $23.7M | 0.56% | 27,500,000 | Common | NONE |
| 94419LAP6 | W 3.25 09/15/27 | WAYFAIR INC NOTE 3.250PERCENT 9/1 | $23.2M | 0.54% | 20,375,000 | Common | NONE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC NOTE 1.250PERCENT 8/1 | $22.6M | 0.53% | 24,435,000 | Common | NONE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC NOTE 2.250PERCENT 9/1 | $21.9M | 0.51% | 24,505,000 | Common | NONE |
| 338307AF8 | FIVN 1 03/15/29 | FIVE9 INC NOTE 1.000PERCENT 3/1 | $20.3M | 0.47% | 23,245,000 | Common | NONE |
| 45258DAB1 | IMCR 2.5 02/01/30 | IMMUNOCORE HLDGS PLC NOTE 2.500PERCENT 2/0 | $19.4M | 0.45% | 22,500,000 | Common | NONE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPHASE ENERGY INC NOTE 3/0 | $18.1M | 0.42% | 22,279,000 | Common | NONE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC NOTE 1.125PERCENT 2/1 | $18.0M | 0.42% | 18,975,000 | Common | NONE |
| 516544AB9 | LNTH 2.625 12/15/27 | LANTHEUS HLDGS INC NOTE 2.625PERCENT12/1 | $17.8M | 0.42% | 14,000,000 | Common | NONE |
| 842587DZ7 | SO 4.5 06/15/27 | SOUTHERN CO NOTE 4.500PERCENT 6/1 ADDED | $17.6M | 0.41% | 16,040,000 | Common | NONE |
| 011642AD7 | ALRM 2.25 06/01/29 | ALARM COM HLDGS INC NOTE 2.250PERCENT 6/0 ADDED | $17.4M | 0.41% | 18,000,000 | Common | NONE |
| 69366JAD3 | PTCT 1.5 09/15/26 | PTC THERAPEUTICS INC NOTE 1.500PERCENT 9/1 | $17.3M | 0.40% | 15,000,000 | Common | NONE |
| 67059NAH1 | NTNX 0.25 10/01/27 | NUTANIX INC NOTE 0.250PERCENT10/0 | $17.1M | 0.40% | 12,120,000 | Common | NONE |
| 974637AF7 | WGO 3.25 01/15/30 | WINNEBAGO INDS INC NOTE 3.250PERCENT 1/1 | $16.8M | 0.39% | 19,548,000 | Common | NONE |
| 093712AK3 | BE 3 06/01/28 | BLOOM ENERGY CORP NOTE 3.000PERCENT 6/0 | $16.0M | 0.37% | 10,825,000 | Common | NONE |
| 26884U208 | EPR 5.75 PERP C | EPR PPTYS PFD C CV 5.75PERCENT | $14.0M | 0.33% | 546,740 | Common | NONE |
| 875372AD6 | TNDM 1.5 03/15/29 2024 | TANDEM DIABETES CARE INC NOTE 1.500PERCENT 3/1 | $13.4M | 0.31% | 14,000,000 | Common | NONE |
| 977852AD4 | WOLF 1.875 12/01/29 | WOLFSPEED INC NOTE 1.875PERCENT12/0 | $13.0M | 0.31% | 52,725,000 | Common | NONE |
| 40637HAD1 | HALO 0.25 03/01/27 | HALOZYME THERAPEUTICS INC NOTE 0.250PERCENT 3/0 | $12.3M | 0.29% | 12,423,000 | Common | NONE |
| 29975EAD1 | EB 0.75 09/15/26 | EVENTBRITE INC NOTE 0.750PERCENT 9/1 | $12.1M | 0.28% | 13,645,000 | Common | NONE |
| 125896BX7 | CMS 3.375 05/01/28 | CMS ENERGY CORP NOTE 3.375PERCENT 5/0 | $11.5M | 0.27% | 10,841,000 | Common | NONE |
| 00164VAJ2 | AMCX 4.25 02/15/29 * | AMC NETWORKS INC NOTE 4.250PERCENT 2/1 ADDED | $11.2M | 0.26% | 13,600,000 | Common | NONE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY INDS NOTE 2.500PERCENT 9/1 | $8.6M | 0.20% | 7,195,000 | Common | NONE |
| 12685JAG0 | CABO 1.125 03/15/28 | CABLE ONE INC NOTE 1.125PERCENT 3/1 | $7.1M | 0.17% | 9,342,000 | Common | NONE |
| 65339F663 | NEE 7.299 06/01/27 | NEXTERA ENERGY INC UNIT 06/01/2027 | $7.1M | 0.17% | 150,000 | Common | NONE |
| 26884U307 | EPR 9 PERP E | EPR PPTYS CONV PFD 9PERCENT SR E | $5.6M | 0.13% | 177,343 | Common | NONE |
| 26210CAD6 | DBX 0 03/01/28 | DROPBOX INC NOTE 3/0 | $4.5M | 0.11% | 4,430,000 | Common | NONE |
| 011642AB1 | ALRM 0 01/15/26 | ALARM COM HLDGS INC NOTE 1/1 | $4.5M | 0.10% | 4,623,000 | Common | NONE |
| 018802AC2 | LNT 3.875 03/15/26 | ALLIANT ENERGY CORP NOTE 3.875PERCENT 3/1 | $3.9M | 0.09% | 3,750,000 | Common | NONE |
| 37940XAU6 | GPN 1.5 03/01/31 | GLOBAL PMTS INC NOTE 1.500PERCENT 3/0 | $3.7M | 0.09% | 4,130,000 | Common | NONE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC NOTE 0.375PERCENT 9/0 | $3.5M | 0.08% | 3,570,000 | Common | NONE |
| 65339F119 | NEE 7.234 11/01/27 | NEXTERA ENERGY INC UNIT 11/01/2027 | $1.9M | 0.05% | 43,755 | Common | NONE |
| 48251W500 | KKR 6.25 03/01/28 D | KKR & CO INC 6.25 CON SER D | $1.1M | 0.03% | 20,000 | Common | NONE |
| 842587DP9 | SO 3.875 12/15/25 | SOUTHERN CO NOTE 3.875PERCENT12/1 | $1.0M | 0.02% | 905,000 | Common | NONE |
| 21874A114 | CORZW | CORE SCIENTIFIC INC NEW W EXP 01/23/202 | $0 | — | 722,995 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.