# EDGAR Filing Document

**Accession Number:** 0001316187
**File Stem:** 0001062993-23-002474
**Filing Date:** 2023-2
**Character Count:** 15467
**Document Hash:** 49208f73705fcb32a4d016d5917dd27d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-23-002474.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001062993-23-002474

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABSOLUTE INVESTMENT ADVISERS LLC
- **CENTRAL INDEX KEY:** 0001316187
- **IRS NUMBER:** 201269668
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21391
- **FILM NUMBER:** 23600542

**BUSINESS ADDRESS:**
- **STREET 1:** 82 SOUTH BARRETT SQUARE
- **STREET 2:** UNIT 2G
- **CITY:** ROSEMARY BEACH
- **STATE:** FL
- **ZIP:** 32461
- **BUSINESS PHONE:** 7817401904

**MAIL ADDRESS:**
- **STREET 1:** 82 SOUTH BARRETT SQUARE
- **STREET 2:** UNIT 2G
- **CITY:** ROSEMARY BEACH
- **STATE:** FL
- **ZIP:** 32461

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ABSOLUTE INVESTMENT ADVISERS LLC<br>**Address:** 82 SOUTH BARRETT SQUARE<br>UNIT 2G<br>ROSEMARY BEACH, FL 32461

**Form 13F File Number:** 028-21391

**CRD Number (if applicable):** 000132436

**SEC File Number (if applicable):** 801-63488

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Eric C. Hage<br>**Title:** Portfolio Manager<br>**Phone:** 203.423.8029

**Signature, Place, and Date of Signing:**

ERIC C. HAGE  Wilton, CT  02-07-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 107

**Form 13F Information Table Value Total:** $666172512

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACCURAY INC DEL | NOTE 3.750% 6/0 | 004397AK1 |  | 7312500 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| AIRBNB INC | NOTE 3/1 | 009066AB7 |  | 4143737 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| ALARM COM HLDGS INC | NOTE 1/1 | 011642AB1 |  | 6617887 | 8110000 | SH |  | SOLE |  | 8110000 | 0 | 0 |
| VERADIGM INC | NOTE 0.875% 1/0 | 01988PAF5 |  | 16066512 | 11255000 | SH |  | SOLE |  | 11255000 | 0 | 0 |
| ALPHATEC HLDGS INC | NOTE 0.750% 8/0 | 02081GAB8 |  | 7240000 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| ALTERYX INC | NOTE 1.000% 8/0 | 02156BAF0 |  | 7950092 | 9581000 | SH |  | SOLE |  | 9581000 | 0 | 0 |
| AMERICAN AIRLINES GROUP INC | NOTE 6.500% 7/0 | 02376RAF9 |  | 8702749 | 8245000 | SH |  | SOLE |  | 8245000 | 0 | 0 |
| AMERICAN EAGLE OUTFITTERS IN | NOTE 3.750% 4/1 | 02553EAB2 |  | 3773440 | 2144000 | SH |  | SOLE |  | 2144000 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | NOTE 1.000%12/0 | 04271TAB6 |  | 7617981 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| BANDWIDTH INC | NOTE 0.250% 3/0 | 05988JAB9 |  | 3022513 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| BANDWIDTH INC | NOTE 0.500% 4/0 | 05988JAD5 |  | 4497050 | 7240000 | SH |  | SOLE |  | 7240000 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.375% 7/0 | 08265TAD1 |  | 8944942 | 11000000 | SH |  | SOLE |  | 11000000 | 0 | 0 |
| BLACKLINE INC | NOTE 0.125% 8/0 | 09239BAB5 |  | 3897963 | 3500000 | SH |  | SOLE |  | 3500000 | 0 | 0 |
| BLACKLINE INC | NOTE 3/1 | 09239BAD1 |  | 6407051 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| BOX INC | NOTE 1/1 | 10316TAB0 |  | 12288476 | 9348000 | SH |  | SOLE |  | 9348000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | NOTE 2.500% 3/1 | 10806XAB8 |  | 455000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | NOTE 2.250% 2/0 | 10806XAD4 |  | 1875000 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | NOTE 2.750% 5/0 | 131193AE4 |  | 10063827 | 7697000 | SH |  | SOLE |  | 7697000 | 0 | 0 |
| CENTURY ALUM CO | NOTE 2.750% 5/0 | 156431AQ1 |  | 2619970 | 3700000 | SH |  | SOLE |  | 3700000 | 0 | 0 |
| CHEGG INC | NOTE 9/0 | 163092AF6 |  | 5328666 | 6814000 | SH |  | SOLE |  | 6814000 | 0 | 0 |
| CONFLUENT INC | NOTE 1/1 | 20717MAB9 |  | 5403004 | 7125000 | SH |  | SOLE |  | 7125000 | 0 | 0 |
| CONMED CORP | NOTE 2.625% 2/0 | 207410AF8 |  | 4708428 | 4115000 | SH |  | SOLE |  | 4115000 | 0 | 0 |
| COUPA SOFTWARE INC | NOTE 0.375% 6/1 | 22266LAF3 |  | 7741945 | 8039000 | SH |  | SOLE |  | 8039000 | 0 | 0 |
| CRACKER BARREL OLD CTRY STOR | NOTE 0.625% 6/1 | 22410JAB2 |  | 4938944 | 5750000 | SH |  | SOLE |  | 5750000 | 0 | 0 |
| ARTIVION INC | NOTE 4.250% 7/0 | 228903AB6 |  | 7844620 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| DIGITALOCEAN HLDGS INC | NOTE 12/0 | 25402DAB8 |  | 5274124 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAC8 |  | 9131265 | 10062000 | SH |  | SOLE |  | 10062000 | 0 | 0 |
| ENPHASE ENERGY INC | NOTE 3/0 | 29355AAK3 |  | 11554532 | 9850000 | SH |  | SOLE |  | 9850000 | 0 | 0 |
| ENVESTNET INC | NOTE 0.750% 8/1 | 29404KAE6 |  | 7367400 | 8186000 | SH |  | SOLE |  | 8186000 | 0 | 0 |
| EVENTBRITE INC | NOTE 5.000%12/0 | 29975EAB5 |  | 1363605 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| EVOLENT HEALTH INC | NOTE 1.500%10/1 | 30050BAD3 |  | 4303535 | 3994000 | SH |  | SOLE |  | 3994000 | 0 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/1 | 30063PAB1 |  | 3378375 | 4095000 | SH |  | SOLE |  | 4095000 | 0 | 0 |
| FTI CONSULTING INC | NOTE 2.000% 8/1 | 302941AP4 |  | 7768592 | 4922000 | SH |  | SOLE |  | 4922000 | 0 | 0 |
| FASTLY INC | NOTE 3/1 | 31188VAB6 |  | 6167282 | 8500000 | SH |  | SOLE |  | 8500000 | 0 | 0 |
| FIVE9 INC | NOTE 0.500% 6/0 | 338307AD3 |  | 9239422 | 10075000 | SH |  | SOLE |  | 10075000 | 0 | 0 |
| FIVERR INTL LTD | NOTE 11/0 | 33835LAA3 |  | 4857111 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| GOPRO INC | NOTE 1.250%11/1 | 38268TAD5 |  | 5866250 | 6500000 | SH |  | SOLE |  | 6500000 | 0 | 0 |
| GOSSAMER BIO INC | NOTE 5.000% 6/0 | 38341PAA0 |  | 1039500 | 3150000 | SH |  | SOLE |  | 3150000 | 0 | 0 |
| GRANITE CONSTR INC | NOTE 2.750%11/0 | 387328AB3 |  | 10338156 | 8500000 | SH |  | SOLE |  | 8500000 | 0 | 0 |
| GREEN PLAINS INC | NOTE 2.250% 3/1 | 393222AK0 |  | 10728540 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| GREENBRIER COS INC | NOTE 2.875% 4/1 | 393657AM3 |  | 9770398 | 11000000 | SH |  | SOLE |  | 11000000 | 0 | 0 |
| GROUPON INC | NOTE 1.125% 3/1 | 399473AF4 |  | 2065000 | 3500000 | SH |  | SOLE |  | 3500000 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | NOTE 1.250% 3/1 | 40171VAA8 |  | 5103896 | 5500000 | SH |  | SOLE |  | 5500000 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GRP I | NOTE 6.750% 2/1 | 42330PAK3 |  | 12897822 | 9510000 | SH |  | SOLE |  | 9510000 | 0 | 0 |
| IMAX CORP | NOTE 0.500% 4/0 | 45245EAJ8 |  | 9257535 | 10940000 | SH |  | SOLE |  | 10940000 | 0 | 0 |
| IMPINJ INC | NOTE 1.125% 5/1 | 453204AD1 |  | 6132165 | 5070000 | SH |  | SOLE |  | 5070000 | 0 | 0 |
| INFINERA CORP | NOTE 2.125% 9/0 | 45667GAC7 |  | 1945275 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| INFINERA CORP | NOTE 2.500% 3/0 | 45667GAE3 |  | 11087059 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| INFINERA CORP | DEBT 3.750% 8/0 | 45667GAF0 |  | 2480663 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| INSMED INC | NOTE 0.750% 6/0 | 457669AB5 |  | 6971687 | 8425000 | SH |  | SOLE |  | 8425000 | 0 | 0 |
| INOTIV INC | NOTE 3.250%10/1 | 45783QAB6 |  | 2665000 | 6500000 | SH |  | SOLE |  | 6500000 | 0 | 0 |
| INTEGRA LIFESCIENCES HLDGS C | NOTE 0.500% 8/1 | 457985AM1 |  | 7283134 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| INTERDIGITAL INC | NOTE 2.000% 6/0 | 45867GAB7 |  | 5299537 | 5542000 | SH |  | SOLE |  | 5542000 | 0 | 0 |
| INVACARE CORP | NOTE 4.250% 3/1 | 461203AQ4 |  | 1186000 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| IRONWOOD PHARMACEUTICALS INC | NOTE 0.750% 6/1 | 46333XAF5 |  | 5828097 | 5416000 | SH |  | SOLE |  | 5416000 | 0 | 0 |
| ITRON INC | NOTE 3/1 | 465741AN6 |  | 7359894 | 8955000 | SH |  | SOLE |  | 8955000 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 6568983 | 5500000 | SH |  | SOLE |  | 5500000 | 0 | 0 |
| JOHN BEAN TECHNOLOGIES CORP | NOTE 0.250% 5/1 | 477839AB0 |  | 5827799 | 6771000 | SH |  | SOLE |  | 6771000 | 0 | 0 |
| KBR INC | NOTE 2.500%11/0 | 48242WAB2 |  | 11867987 | 5620000 | SH |  | SOLE |  | 5620000 | 0 | 0 |
| KAMAN CORP | NOTE 3.250% 5/0 | 483548AF0 |  | 1503480 | 1608000 | SH |  | SOLE |  | 1608000 | 0 | 0 |
| LCI INDS | NOTE 1.125% 5/1 | 501812AB7 |  | 6027164 | 7186000 | SH |  | SOLE |  | 7186000 | 0 | 0 |
| LIVEPERSON INC | NOTE 12/1 | 538146AD3 |  | 4169621 | 5797000 | SH |  | SOLE |  | 5797000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 9139357 | 10600000 | SH |  | SOLE |  | 10600000 | 0 | 0 |
| MGP INGREDIENTS INC NEW | NOTE 1.875%11/1 | 55303JAB2 |  | 13494912 | 10680000 | SH |  | SOLE |  | 10680000 | 0 | 0 |
| MAGNITE INC | NOTE 0.250% 3/1 | 55955DAB6 |  | 5775000 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| MANNKIND CORP | NOTE 2.500% 3/0 | 56400PAQ5 |  | 10724400 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| MESA LABS INC | NOTE 1.375% 8/1 | 59064RAA7 |  | 9058665 | 9982000 | SH |  | SOLE |  | 9982000 | 0 | 0 |
| MIDDLEBY CORP | NOTE 1.000% 9/0 | 596278AB7 |  | 7333956 | 6230000 | SH |  | SOLE |  | 6230000 | 0 | 0 |
| MITEK SYS INC | NOTE 0.750% 2/0 | 606710AA9 |  | 2031960 | 2478000 | SH |  | SOLE |  | 2478000 | 0 | 0 |
| MODEL N INC | NOTE 2.625% 6/0 | 607525AB8 |  | 9467567 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| NCL CORP LTD | NOTE 1.125% 2/1 | 62886HBD2 |  | 3527750 | 5150000 | SH |  | SOLE |  | 5150000 | 0 | 0 |
| NATIONAL VISION HLDGS INC | NOTE 2.500% 5/1 | 63845RAB3 |  | 5778173 | 4205000 | SH |  | SOLE |  | 4205000 | 0 | 0 |
| NOVOCURE LTD | NOTE 11/0 | 67011XAB9 |  | 3113250 | 3500000 | SH |  | SOLE |  | 3500000 | 0 | 0 |
| NUVASIVE INC | NOTE 0.375% 3/1 | 670704AJ4 |  | 4281514 | 4882000 | SH |  | SOLE |  | 4882000 | 0 | 0 |
| OIL STS INTL INC | NOTE 4.750% 4/0 | 678026AK1 |  | 8440880 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| OMNICELL COM | NOTE 0.250% 9/1 | 68213NAD1 |  | 6105646 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| 1LIFE HEALTHCARE INC | NOTE 3.000% 6/1 | 68269GAB3 |  | 3378550 | 3500000 | SH |  | SOLE |  | 3500000 | 0 | 0 |
| PACIRA BIOSCIENCES INC | NOTE 0.750% 8/0 | 695127AF7 |  | 4501689 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| PALO ALTO NETWORKS INC | NOTE 0.375% 6/0 | 697435AF2 |  | 7528455 | 5100000 | SH |  | SOLE |  | 5100000 | 0 | 0 |
| PARSONS CORP DEL | NOTE 0.250% 8/1 | 70202LAB8 |  | 10786781 | 9477000 | SH |  | SOLE |  | 9477000 | 0 | 0 |
| PENN ENTERTAINMENT INC | NOTE 2.750% 5/1 | 707569AU3 |  | 1467500 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| PERFICIENT INC | NOTE 0.125%11/1 | 71375UAF8 |  | 9355878 | 12107000 | SH |  | SOLE |  | 12107000 | 0 | 0 |
| PETIQ INC | NOTE 4.000% 6/0 | 71639TAB2 |  | 7373470 | 8726000 | SH |  | SOLE |  | 8726000 | 0 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 1.000% 4/1 | 743312AB6 |  | 9993750 | 9750000 | SH |  | SOLE |  | 9750000 | 0 | 0 |
| PROS HOLDINGS INC | NOTE 2.250% 9/1 | 74346YAG8 |  | 7340916 | 8360000 | SH |  | SOLE |  | 8360000 | 0 | 0 |
| Q2 HLDGS INC | NOTE 0.750% 6/0 | 74736LAD1 |  | 5945289 | 7338000 | SH |  | SOLE |  | 7338000 | 0 | 0 |
| Q2 HLDGS INC | NOTE 0.125%11/1 | 74736LAF6 |  | 4541515 | 5500000 | SH |  | SOLE |  | 5500000 | 0 | 0 |
| RAPID7 INC | NOTE 2.250% 5/0 | 753422AD6 |  | 4789539 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| REDFIN CORP | NOTE 10/1 | 75737FAC2 |  | 1019469 | 1717000 | SH |  | SOLE |  | 1717000 | 0 | 0 |
| REDFIN CORP | NOTE 0.500% 4/0 | 75737FAE8 |  | 922500 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| TRAVERE THERAPEUTICS INC | NOTE 2.500% 9/1 | 761299AB2 |  | 1872200 | 2035000 | SH |  | SOLE |  | 2035000 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | NOTE 2.875%11/1 | 780153BF8 |  | 980000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| SSR MNG INC | NOTE 2.500% 4/0 | 784730AB9 |  | 9038250 | 8034000 | SH |  | SOLE |  | 8034000 | 0 | 0 |
| SILICON LABORATORIES INC | NOTE 0.625% 6/1 | 826919AD4 |  | 8693180 | 6943000 | SH |  | SOLE |  | 6943000 | 0 | 0 |
| SMART GLOBAL HLDGS INC | NOTE 2.250% 2/1 | 83205YAB0 |  | 9911042 | 9903000 | SH |  | SOLE |  | 9903000 | 0 | 0 |
| SPIRIT AIRLS INC | NOTE 4.750% 5/1 | 848577AA0 |  | 1095120 | 648000 | SH |  | SOLE |  | 648000 | 0 | 0 |
| STRIDE INC | NOTE 1.125% 9/0 | 86333MAA6 |  | 6877922 | 7715000 | SH |  | SOLE |  | 7715000 | 0 | 0 |
| TABULA RASA HEALTHCARE INC | NOTE 1.750% 2/1 | 873379AA9 |  | 2437940 | 3086000 | SH |  | SOLE |  | 3086000 | 0 | 0 |
| TRAVERE THERAPEUTICS INC | NOTE 2.250% 3/0 | 89422GAA5 |  | 3660000 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| UNITY SOFTWARE INC | NOTE 11/1 | 91332UAB7 |  | 3748794 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| UPWORK INC | NOTE 0.250% 8/1 | 91688FAB0 |  | 5152854 | 6890000 | SH |  | SOLE |  | 6890000 | 0 | 0 |
| VAREX IMAGING CORP | NOTE 4.000% 6/0 | 92214XAB2 |  | 10473843 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| VEECO INSTRS INC DEL | NOTE 3.750% 6/0 | 922417AF7 |  | 4884000 | 3200000 | SH |  | SOLE |  | 3200000 | 0 | 0 |
| VERINT SYSTEMS INC | NOTE 0.250% 4/1 | 92343XAC4 |  | 5476590 | 6300000 | SH |  | SOLE |  | 6300000 | 0 | 0 |
| VERITONE INC | NOTE 1.750%11/1 | 92347MAB6 |  | 4466339 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| WINNEBAGO INDS INC | NOTE 1.500% 4/0 | 974637AB6 |  | 7438624 | 7061000 | SH |  | SOLE |  | 7061000 | 0 | 0 |
| WORKIVA INC | NOTE 1.125% 8/1 | 98139AAB1 |  | 11609301 | 9425000 | SH |  | SOLE |  | 9425000 | 0 | 0 |

---