# EDGAR Filing Document

**Accession Number:** 0001888968
**File Stem:** 0000923338-25-000005
**Filing Date:** 2025-8
**Character Count:** 12125
**Document Hash:** 3db22b46764b0fc620267782c957434b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000923338-25-000005.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0000923338-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KIM, LLC
- **CENTRAL INDEX KEY:** 0001888968

**ORGANIZATION NAME:**
- **EIN:** 872746030
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22610
- **FILM NUMBER:** 251201304

**BUSINESS ADDRESS:**
- **STREET 1:** 4111 E 37TH STREET N
- **CITY:** WICHITA
- **STATE:** KS
- **ZIP:** 67220
- **BUSINESS PHONE:** 316-828-8310

**MAIL ADDRESS:**
- **STREET 1:** 4111 E 37TH STREET N
- **CITY:** WICHITA
- **STATE:** KS
- **ZIP:** 67220

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** KIM LLC<br>**Address:** 4111 E 37TH STREET N<br>WICHITA, KS 67220

**Form 13F File Number:** 028-22610

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:** Adam Fitzsimmons<br>**Title:** Assistant Secretary<br>**Phone:** 404-487-4262

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

/s/  Atlanta, GA  08-07-2025<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:** 1

**Form 13F Information Table Entry Total:** 77

**Form 13F Information Table Value Total:** $862945938

      (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.]

| No.   | Name      | Form 13F File Number   |
|:---|:---|:---|
|  | Koch Inc. |  |

### 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 |
| AIRBNB INC | NOTE3/1 | 009066AB7 |  | 12590551 | 13027000 | PRN |  | DFND | 1 | 0 | 13027000 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE  0.375% 9/0 | 00971TAL5 |  | 1944500 | 2000000 | PRN |  | DFND | 1 | 0 | 2000000 | 0 |
| ALARM COM HLDGS INC | NOTE1/1 | 011642AB1 |  | 5850000 | 6000000 | PRN |  | DFND | 1 | 0 | 6000000 | 0 |
| ALARM COM HLDGS INC | NOTE  2.250% 6/0 | 011642AD7 |  | 5835323 | 6000000 | PRN |  | DFND | 1 | 0 | 6000000 | 0 |
| AMERICAN AIRLINES GROUP INC | NOTE  6.500% 7/0 | 02376RAF9 |  | 15013116 | 15000000 | PRN |  | DFND | 1 | 0 | 15000000 | 0 |
| AMPHASTAR PHARMACEUTICALS IN | NOTE  2.000% 3/1 | 03209RAB9 |  | 4771620 | 5500000 | PRN |  | DFND | 1 | 0 | 5500000 | 0 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 72700122 | 12280426 | SH |  | DFND | 1 | 0 | 12280426 | 0 |
| BENTLEY SYS INC | NOTE  0.375% 7/0 | 08265TAD1 |  | 6618500 | 7000000 | PRN |  | DFND | 1 | 0 | 7000000 | 0 |
| BIGCOMMERCE HLDGS INC | COM SER 1 | 08975P108 |  | 768835 | 153767 | SH |  | DFND | 1 | 0 | 153767 | 0 |
| BLACKLINE INC | NOTE  1.000% 6/0 | 09239BAF6 |  | 5335417 | 5000000 | PRN |  | DFND | 1 | 0 | 5000000 | 0 |
| BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 |  | 254083 | 22686 | SH |  | DFND | 1 | 0 | 22686 | 0 |
| BLACKROCK MUNIYIELD FD INC | COM | 09253W104 |  | 1178184 | 117349 | SH |  | DFND | 1 | 0 | 117349 | 0 |
| BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 |  | 2130771 | 203124 | SH |  | DFND | 1 | 0 | 203124 | 0 |
| BLEND LABS INC | CL A | 09352U108 |  | 1223594 | 370786 | SH |  | DFND | 1 | 0 | 370786 | 0 |
| CAPITAL SOUTHWEST CORP | NOTE  5.125%11/1 | 140501AE7 |  | 8893125 | 9000000 | PRN |  | DFND | 1 | 0 | 9000000 | 0 |
| CHEFS WHSE INC | NOTE  2.375%12/1 | 163086AE1 |  | 8585500 | 5500000 | PRN |  | DFND | 1 | 0 | 5500000 | 0 |
| CLOUDFLARE INC | NOTE8/1 | 18915MAC1 |  | 3554550 | 3000000 | PRN |  | DFND | 1 | 0 | 3000000 | 0 |
| COINBASE GLOBAL INC | NOTE  0.500% 6/0 | 19260QAB3 |  | 2314000 | 2000000 | PRN |  | DFND | 1 | 0 | 2000000 | 0 |
| CSG SYS INTL INC | NOTE  3.875% 9/1 | 126349AH2 |  | 15275250 | 13500000 | PRN |  | DFND | 1 | 0 | 13500000 | 0 |
| DAYFORCE INC | NOTE  0.250% 3/1 | 15677JAD0 |  | 14505000 | 15000000 | PRN |  | DFND | 1 | 0 | 15000000 | 0 |
| DINGDONG CAYMAN LTD | ADS | 25445D101 |  | 1874576 | 928008 | SH |  | DFND | 1 | 0 | 928008 | 0 |
| DRAFTKINGS INC NEW | NOTE3/1 | 26142RAB0 |  | 3598000 | 4000000 | PRN |  | DFND | 1 | 0 | 4000000 | 0 |
| DROPBOX INC | NOTE3/0 | 26210CAD6 |  | 2545000 | 2500000 | PRN |  | DFND | 1 | 0 | 2500000 | 0 |
| ETSY INC | NOTE  0.125% 9/0 | 29786AAL0 |  | 1787500 | 2000000 | PRN |  | DFND | 1 | 0 | 2000000 | 0 |
| ETSY INC | NOTE  0.125%10/0 | 29786AAJ5 |  | 3875000 | 4000000 | PRN |  | DFND | 1 | 0 | 4000000 | 0 |
| EVERGY INC | NOTE  4.500%12/1 | 30034WAD8 |  | 10542375 | 9000000 | PRN |  | DFND | 1 | 0 | 9000000 | 0 |
| EVOLENT HEALTH INC | NOTE  1.500%10/1 | 30050BAD3 |  | 20171202 | 20372000 | PRN |  | DFND | 1 | 0 | 20372000 | 0 |
| EXPEDIA GROUP INC | NOTE2/1 | 30212PBE4 |  | 14617500 | 15000000 | PRN |  | DFND | 1 | 0 | 15000000 | 0 |
| FLUOR CORP | NOTE  1.125% 8/1 | 343412AJ1 |  | 6566250 | 5000000 | PRN |  | DFND | 1 | 0 | 5000000 | 0 |
| FORD MTR CO | NOTE3/1 | 345370CZ1 |  | 13867000 | 14000000 | PRN |  | DFND | 1 | 0 | 14000000 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 |  | 1813369 | 293901 | SH |  | DFND | 1 | 0 | 293901 | 0 |
| HAEMONETICS CORP MASS | NOTE  2.500% 6/0 | 405024AD2 |  | 3989027 | 4000000 | PRN |  | DFND | 1 | 0 | 4000000 | 0 |
| ITRON INC | NOTE  1.375% 7/1 | 465741AQ9 |  | 5970000 | 5000000 | PRN |  | DFND | 1 | 0 | 5000000 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 6004088 | 336552 | SH |  | DFND | 1 | 0 | 336552 | 0 |
| KORE GROUP HLDGS INC | COM NEW | 50066V305 |  | 4780000 | 2000000 | SH |  | DFND | 1 | 0 | 2000000 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE  3.750% 3/1 | 531229AP7 |  | 5207500 | 5000000 | PRN |  | DFND | 1 | 0 | 5000000 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE  3.125% 1/1 | 538034BA6 |  | 7692500 | 5000000 | PRN |  | DFND | 1 | 0 | 5000000 | 0 |
| LYFT INC | NOTE  0.625% 3/0 | 55087PAD6 |  | 4819500 | 4500000 | PRN |  | DFND | 1 | 0 | 4500000 | 0 |
| MAGNITE INC | NOTE  0.250% 3/1 | 55955DAB6 |  | 9666163 | 10000000 | PRN |  | DFND | 1 | 0 | 10000000 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | NOTE  3.250%12/1 | 57164YAF4 |  | 1867000 | 2000000 | PRN |  | DFND | 1 | 0 | 2000000 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | NOTE1/1 | 57164YAD9 |  | 10401452 | 10740000 | PRN |  | DFND | 1 | 0 | 10740000 | 0 |
| MICROCHIP TECHNOLOGY INC. | NOTE  0.750% 6/0 | 595017BG8 |  | 2467500 | 2500000 | PRN |  | DFND | 1 | 0 | 2500000 | 0 |
| NICE LTD | NOTE9/1 | 653656AB4 |  | 14850173 | 15000000 | PRN |  | DFND | 1 | 0 | 15000000 | 0 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 2661204 | 243700 | SH |  | DFND | 1 | 0 | 243700 | 0 |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 |  | 2980000 | 250000 | SH |  | DFND | 1 | 0 | 250000 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 1129000 | 100000 | SH |  | DFND | 1 | 0 | 100000 | 0 |
| OMNICELL COM | NOTE  0.250% 9/1 | 68213NAD1 |  | 7221035 | 7308000 | PRN |  | DFND | 1 | 0 | 7308000 | 0 |
| ON SEMICONDUCTOR CORP | NOTE  0.500% 3/0 | 682189AU9 |  | 1292634 | 1393000 | PRN |  | DFND | 1 | 0 | 1393000 | 0 |
| OUSTER INC | *W EXP 03/11/202 | 68989M111 |  | 32027 | 274200 | SH |  | DFND | 1 | 0 | 274200 | 0 |
| PEABODY ENGR CORP | NOTE  3.250% 3/0 | 704551AD2 |  | 12372000 | 12000000 | PRN |  | DFND | 1 | 0 | 12000000 | 0 |
| PG CORP | NOTE  4.250%12/0 | 69331CAL2 |  | 994800 | 1000000 | PRN |  | DFND | 1 | 0 | 1000000 | 0 |
| PINNACLE WEST CAP CORP | NOTE  4.750% 6/1 | 723484AK7 |  | 7598500 | 7000000 | PRN |  | DFND | 1 | 0 | 7000000 | 0 |
| PROGRESS SOFTWARE CORP | NOTE  3.500% 3/0 | 743312AD2 |  | 5807500 | 5000000 | PRN |  | DFND | 1 | 0 | 5000000 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 2456588 | 178791 | SH |  | DFND | 1 | 0 | 178791 | 0 |
| SHIFT4 PMTS INC | NOTE  0.500% 8/0 | 82452JAD1 |  | 2719750 | 2530000 | PRN |  | DFND | 1 | 0 | 2530000 | 0 |
| SMARTRENT INC | COM CL A | 83193G107 |  | 2629611 | 2656173 | SH |  | DFND | 1 | 0 | 2656173 | 0 |
| SNAP INC | NOTE  0.750% 8/0 | 83304AAB2 |  | 9587793 | 10000000 | PRN |  | DFND | 1 | 0 | 10000000 | 0 |
| SOUTHERN CO | NOTE  4.500% 6/1 | 842587DZ7 |  | 5525055 | 5000000 | PRN |  | DFND | 1 | 0 | 5000000 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 92677500 | 150000 | SH | Put | DFND | 1 | 0 | 150000 | 0 |
| SPOTIFY USA INC | NOTE3/1 | 84921RAB6 |  | 4552200 | 3000000 | PRN |  | DFND | 1 | 0 | 3000000 | 0 |
| STARWOOD PPTY TR INC | NOTE  6.750% 7/1 | 85571BBA2 |  | 7798053 | 7276000 | PRN |  | DFND | 1 | 0 | 7276000 | 0 |
| T1 ENERGY INC | COM NEW | 35834F104 |  | 8816437 | 7167835 | SH |  | DFND | 1 | 0 | 7167835 | 0 |
| TIDAL TR II | RETURN STACKED U | 88636J345 |  | 92680000 | 5000000 | SH |  | DFND | 1 | 0 | 5000000 | 0 |
| TIDAL TR II | RETURN STACKED B | 88636J352 |  | 79946000 | 5000000 | SH |  | DFND | 1 | 0 | 5000000 | 0 |
| TRIPADVISOR INC | NOTE  0.250% 4/0 | 896945AD4 |  | 8669250 | 9000000 | PRN |  | DFND | 1 | 0 | 9000000 | 0 |
| TXO PARTNERS  LP | COM UNIT | 87313P103 |  | 5798146 | 385515 | SH |  | DFND | 1 | 0 | 385515 | 0 |
| UBER TECHNOLOGIES INC | NOTE12/1 | 90353TAJ9 |  | 5397750 | 4500000 | PRN |  | DFND | 1 | 0 | 4500000 | 0 |
| UBER TECHNOLOGIES INC | NOTE  0.875%12/0 | 90353TAM2 |  | 15030750 | 10500000 | PRN |  | DFND | 1 | 0 | 10500000 | 0 |
| VAIL RESORTS INC | NOTE1/0 | 91879QAN9 |  | 14850225 | 15231000 | PRN |  | DFND | 1 | 0 | 15231000 | 0 |
| VERINT SYSTEMS INC | NOTE  0.250% 4/1 | 92343XAC4 |  | 6730500 | 7000000 | PRN |  | DFND | 1 | 0 | 7000000 | 0 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 |  | 50171018 | 3159384 | SH |  | DFND | 1 | 0 | 3159384 | 0 |
| WAYFAIR INC | NOTE  0.625%10/0 | 94419LAM3 |  | 15130546 | 15463000 | PRN |  | DFND | 1 | 0 | 15463000 | 0 |
| WEC ENERGY GROUP INC | NOTE  4.375% 6/0 | 92939UAP1 |  | 7919800 | 7000000 | PRN |  | DFND | 1 | 0 | 7000000 | 0 |
| WESTERN DIGITAL CORP | NOTE  3.000%11/1 | 958102AT2 |  | 8088750 | 4500000 | PRN |  | DFND | 1 | 0 | 4500000 | 0 |
| WIX COM LTD | NOTE8/1 | 92940WAD1 |  | 14962500 | 15000000 | PRN |  | DFND | 1 | 0 | 15000000 | 0 |
| XPENG INC | ADS | 98422D105 |  | 1966800 | 110000 | SH |  | DFND | 1 | 0 | 110000 | 0 |
| ZIFF DAVIS INC | DEBT  3.625% 3/0 | 48123VAH5 |  | 8437500 | 9000000 | PRN |  | DFND | 1 | 0 | 9000000 | 0 |

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