Q2 2025 · 13F-HR
STEELHEAD PARTNERS LLCholdings as filed
Filed 2025-08-14 · accession 0001133521-25-000012
The Brief · STEELHEAD PARTNERS LLC · Q2 2025
AI · grounded in 13F
STEELHEAD PARTNERS LLC established a new position in [[stock:SPOT 0 03/15/26]] valued at $175.0M. The fund also initiated new holdings in [[stock:ITRI 0 03/15/26]] for $107.7M and [[stock:LITE 0.5 12/15/26]] for $85.8M. Other new additions include positions in [[stock:ALNY 1 09/15/27]], [[stock:UBER 0 12/15/25]], and [[stock:DXCM 0.375 05/15/28]]. The fund ended the period with 36 positions and total AUM of $1.99B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 84921RAB6 | SPOT 0 03/15/26 | SPOT 0 03/15/26 | $175.0M | 8.82% | 115,500,000 | Common | SOLE |
| 465741AN6 | ITRI 0 03/15/26 | ITRI 0 03/15/26 | $107.7M | 5.42% | 95,000,000 | Common | SOLE |
| 55024UAD1 | LITE 0.5 12/15/26 | LITE 0 1/2 12/15/26 | $85.8M | 4.32% | 73,000,000 | Common | SOLE |
| 02043QAB3 | ALNY 1 09/15/27 | ALNY 1 09/15/27 | $84.6M | 4.26% | 65,000,000 | Common | SOLE |
| 90353TAJ9 | UBER 0 12/15/25 | UBER 0 12/15/25 | $83.9M | 4.23% | 70,000,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DXCM 0 3/8 05/15/28 | $75.1M | 3.78% | 79,850,000 | Common | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BL 1 06/01/29 | $74.5M | 3.75% | 70,000,000 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | AEIS 2 1/2 09/15/28 | $74.4M | 3.75% | 62,000,000 | Common | SOLE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER 0 7/8 12/01/28 | $74.3M | 3.74% | 52,000,000 | Common | SOLE |
| 011642AD7 | ALRM 2.25 06/01/29 | ALRM 2 1/4 06/01/29 | $73.4M | 3.70% | 75,500,000 | Common | SOLE |
| 81141RAG5 | SEALTD 0.25 09/15/26 | SEALTD 0 1/4 09/15/26 | $72.3M | 3.64% | 76,549,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAM 1 1/8 02/15/29 | $66.5M | 3.35% | 70,000,000 | Common | SOLE |
| 40637HAD1 | HALO 0.25 03/01/27 | HALO 0 1/4 03/01/27 | $64.7M | 3.26% | 65,000,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAM 0 3/8 09/01/27 | $63.2M | 3.18% | 65,000,000 | Common | SOLE |
| 10316TAB0 | BOX 0 01/15/26 | BOX 0 01/15/26 | $60.9M | 3.07% | 45,609,000 | Common | SOLE |
| 472145AF8 | JAZZ 2 06/15/26 | JAZZ 2 06/15/26 | $60.4M | 3.04% | 59,600,000 | Common | SOLE |
| 18915MAC1 | NET 0 08/15/26 | NET 0 08/15/26 | $56.7M | 2.85% | 47,812,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DBX 0 03/01/26 | $54.5M | 2.74% | 55,000,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPH 0 03/01/28 | $53.5M | 2.69% | 65,200,000 | Common | SOLE |
| 69553PAD2 | PD 1.5 10/15/28 * | PD 1 1/2 10/15/28 | $51.6M | 2.60% | 54,001,000 | Common | SOLE |
| 20717MAB9 | CFLT 0 01/15/27 | CFLT 0 01/15/27 | $49.0M | 2.47% | 52,505,000 | Common | SOLE |
| 33835LAA3 | FVRR 0 11/01/25 | FVRR 0 11/01/25 | $49.0M | 2.47% | 50,000,000 | Common | SOLE |
| 896945AD4 | TRIP 0.25 04/01/26 | TRIP 0 1/4 04/01/26 | $45.3M | 2.28% | 47,118,000 | Common | SOLE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRI 1 3/8 07/15/30 | $39.3M | 1.98% | 33,000,000 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWK 0 1/4 08/15/26 | $37.8M | 1.90% | 40,000,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PRGS 1 04/15/26 | $37.5M | 1.89% | 31,500,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON 0 1/2 03/01/29 | $37.1M | 1.87% | 40,000,000 | Common | SOLE |
| 29786AAN6 | ETSY 0.25 06/15/28 | ETSY 0 1/4 06/15/28 | $36.1M | 1.82% | 42,000,000 | Common | SOLE |
| 82509LAA5 | SHOPCN 0.125 11/01/25 | SHOPCN 0 1/8 11/01/25 | $35.6M | 1.79% | 35,000,000 | Common | SOLE |
| 55024UAH2 | LITE 1.5 12/15/29 | LITE 1 1/2 12/15/29 | $27.7M | 1.39% | 18,000,000 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LITE 0 1/2 06/15/28 | $20.7M | 1.04% | 20,000,000 | Common | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | FIVN 1 03/15/29 | $16.2M | 0.82% | 18,500,000 | Common | SOLE |
| 59001ABF8 | MTH 1.75 05/15/28 | MTH 1 3/4 05/15/28 | $14.0M | 0.70% | 14,341,000 | Common | SOLE |
| 10806XAD4 | BBIO 2.25 02/01/29 | BBIO 2 1/4 02/01/29 | $13.1M | 0.66% | 14,000,000 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COIN 0 1/4 04/01/30 | $13.1M | 0.66% | 10,000,000 | Common | SOLE |
| 60471A101 | MIR | Mirion Technologies Inc | $1.2M | 0.06% | 57,352 | Common | SOLE |
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.