# EDGAR Filing Document

**Accession Number:** 0001279396
**File Stem:** 0000950123-25-008124
**Filing Date:** 2025-8
**Character Count:** 47119
**Document Hash:** 17a4a20b2e60873a68248dd2af784688
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-25-008124.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000950123-25-008124

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINDEN ADVISORS LP
- **CENTRAL INDEX KEY:** 0001279396

**ORGANIZATION NAME:**
- **EIN:** 830356741
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10783
- **FILM NUMBER:** 251214939

**BUSINESS ADDRESS:**
- **STREET 1:** 590 MADISON AVENUE, 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 646-840-3500

**MAIL ADDRESS:**
- **STREET 1:** 590 MADISON AVENUE, 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINDEN ADVISORS LLC
- **DATE OF NAME CHANGE:** 20040210

### 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:** Linden Advisors LP<br>**Address:** 590 MADISON AVENUE 32ND FLOOR<br>New York, NY 10022

**Form 13F File Number:** 028-10783

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:** Vincent Leva<br>**Title:** Chief Financial Officer<br>**Phone:** 646-840-3496

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

/S/ Vincent Leva  New York, NY  08-13-2025<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:** 0

**Form 13F Information Table Entry Total:** 376

**Form 13F Information Table Value Total:** $16290614416

      (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 |
| ABOVE FOOD INGREDIENTS 29 | RT | 00373V118 |  | 24056 | 466193 | SH |  | SOLE |  | 437016 | 29177 | 0 |
| ABPRO HLDGS INC CW23 | RT | 000847111 |  | 11550 | 499999 | SH |  | SOLE |  | 466921 | 33078 | 0 |
| ADVANCED ENERGY IND 2.5 09/15/2028 | SDBCV | 007973AE0 |  | 92504766 | 77052000 | PRN |  | SOLE |  | 73367000 | 3685000 | 0 |
| AGRICULTURE  NATURAL SOLU W | RT | G0131Y118 |  | 74950 | 499999 | SH |  | SOLE |  | 468223 | 31776 | 0 |
| AGRICULTURE  NATURAL SOLUTI | COM | G0131Y100 |  | 5425000 | 500000 | SH |  | SOLE |  | 465545 | 34455 | 0 |
| AIFEEX NEXUS ACQUISITION COR | RT | G8089R118 |  | 307500 | 1500000 | SH |  | SOLE |  | 1422240 | 77760 | 0 |
| AIRJOULE TECHNOLOGIES CORP CW24 | RT | 612160119 |  | 48386 | 79845 | SH |  | SOLE |  | 75157 | 4688 | 0 |
| AIRSHIP AI HOLDINGS INC CW28 | RT | 008940116 |  | 323781 | 162704 | SH |  | SOLE |  | 154367 | 8337 | 0 |
| ALARM COM HLDGS INC 2.25 06/01/2029 | SDBCV | 011642AD7 |  | 48432827 | 49800000 | PRN |  | SOLE |  | 47555000 | 2245000 | 0 |
| ALCHEMY INVESTMENTS ACQUI 28 | RT | G0232F133 |  | 28225 | 249999 | SH |  | SOLE |  | 234012 | 15987 | 0 |
| ALDEL FINANCIAL II INC | COM | G01558108 |  | 9965500 | 950000 | SH |  | SOLE |  | 896132 | 53868 | 0 |
| ALDEL FINANCIAL II INC 29 | RT | G01558124 |  | 244150 | 475000 | SH |  | SOLE |  | 448066 | 26934 | 0 |
| ALIBABA GROUP HOLDING 0.5 06/01/2031 | SDBCV | 01609WBG6 |  | 87983458 | 68872000 | PRN |  | SOLE |  | 60747000 | 8125000 | 0 |
| ALPHATEC HOLDINGS INC 0.75 08/01/2026 | SDBCV | 02081GAB8 |  | 6234549 | 6320000 | PRN |  | SOLE |  | 6000000 | 320000 | 0 |
| ALPHAVEST ACQUISITION CO RT | RT | G0283A116 |  | 101700 | 300000 | SH |  | SOLE |  | 281664 | 18336 | 0 |
| ALVOTECH SA 27 | RT | L01800116 |  | 452662 | 252884 | SH |  | SOLE |  | 239712 | 13172 | 0 |
| AMBIPAR EMERGENCY RESPONS 28 | RT | G02532110 |  | 21088 | 123683 | SH |  | SOLE |  | 115908 | 7775 | 0 |
| AMPHASTAR PHARMACEUTICAL 2 03/15/2029 | SDBCV | 03209RAB9 |  | 80415369 | 92674000 | PRN |  | SOLE |  | 88079000 | 4595000 | 0 |
| ANDRETTI ACQUISITION CORP 29 | RT | G26745128 |  | 35190 | 150000 | SH |  | SOLE |  | 141165 | 8835 | 0 |
| ANDRETTI ACQUISITION CORP A | COM | G26745102 |  | 3114000 | 300000 | SH |  | SOLE |  | 282330 | 17670 | 0 |
| APELLIS PHARMACEUTICALS 3.5 09/15/2026 | SDBCV | 03753UAB2 |  | 27955431 | 28138000 | PRN |  | SOLE |  | 26608000 | 1530000 | 0 |
| APPLIED OPTOELECTRONICS 2.75 01/15/2030 | SDBCV | 03823UAE2 |  | 23233908 | 24250000 | PRN |  | SOLE |  | 23065000 | 1185000 | 0 |
| ARCHER AVIATION INC CW26 | RT | 03945R110 |  | 1602896 | 494721 | SH |  | SOLE |  | 470717 | 24004 | 0 |
| ARCHIMEDES TECH SPAC PARTNER | COM | G04537109 |  | 10230000 | 1000000 | SH |  | SOLE |  | 946330 | 53670 | 0 |
| ARCHIMEDES TECH SPAC PARTNER W EXP 10/15/202 | RT | G04537125 |  | 180000 | 499999 | SH |  | SOLE |  | 473165 | 26834 | 0 |
| ARES ACQUISITION CORP II | COM | G33033104 |  | 24926000 | 2200000 | SH |  | SOLE |  | 2058896 | 141104 | 0 |
| ARES ACQUISITION CORP II 28 | RT | G33033120 |  | 1966452 | 1755761 | SH |  | SOLE |  | 1673299 | 82462 | 0 |
| ARMADA ACQUISITION CLASS A | COM | G0R38G104 |  | 8024000 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| Armada Acquisition Corp A | RT | G0R38G112 |  | 187343 | 681000 | SH |  | SOLE |  | 668299 | 12701 | 0 |
| ARRAY TECHNOLOGIES INC 1 12/01/2028 | SDBCV | 04271TAB6 |  | 20697911 | 26170000 | PRN |  | SOLE |  | 24899000 | 1271000 | 0 |
| ARTIUS II ACQUISITION INC | RT | G0509J123 |  | 343888 | 1375000 | SH |  | SOLE |  | 1309511 | 65489 | 0 |
| ARTIUS II ACQUISITION INC A | COM | G0509J115 |  | 10120000 | 1000000 | SH |  | SOLE |  | 946330 | 53670 | 0 |
| ASCENDIS PHARMA A/S 2.25 04/01/2028 | SDBCV | 04351PAD3 |  | 193875483 | 154747000 | PRN |  | SOLE |  | 146349000 | 8398000 | 0 |
| ASPIRE BIOPHARMA HOLDIN CW27 | RT | 738920115 |  | 40500 | 899999 | SH |  | SOLE |  | 839117 | 60882 | 0 |
| AURORA INNOVATION INC | COM | 051774107 |  | 4019924 | 767161 | SH |  | SOLE |  | 732638 | 34523 | 0 |
| AXIOM INTELLIGENCE ACQUISITI | COM | G0750N120 |  | 6565000 | 650000 | SH |  | SOLE |  | 615974 | 34026 | 0 |
| BAIRD MEDICAL INVESTMENT 28 | RT | G0705H111 |  | 35902 | 435179 | SH |  | SOLE |  | 412793 | 22386 | 0 |
| BANZAI INTERNATIONAL INC CW26 | RT | 06682J118 |  | 7649 | 335465 | SH |  | SOLE |  | 314416 | 21049 | 0 |
| BERTO ACQUISITION CORP | COM | G1051H101 |  | 13025000 | 1250000 | SH |  | SOLE |  | 1190992 | 59008 | 0 |
| BERTO ACQUISITION CORP 30 | RT | G1051H119 |  | 510119 | 744699 | SH |  | SOLE |  | 709388 | 35311 | 0 |
| BLACKBERRY LTD 3 02/15/2029 | SDBCV | 09228FAM5 |  | 55419696 | 38971000 | PRN |  | SOLE |  | 36962000 | 2009000 | 0 |
| BLACKLINE INC 1 06/01/2029 | SDBCV | 09239BAF6 |  | 81634540 | 76660000 | PRN |  | SOLE |  | 72926000 | 3734000 | 0 |
| BLEICHROEDER ACQUISITION COR | COM | G1169T104 |  | 7747500 | 750000 | SH |  | SOLE |  | 708699 | 41301 | 0 |
| BLEICHROEDER ACQUISITION COR | RT | G1169T138 |  | 736645 | 2275000 | SH |  | SOLE |  | 2159405 | 115595 | 0 |
| BLOOM ENERGY CORP 3 06/01/2028 | SDBCV | 093712AK3 |  | 133069490 | 89648000 | PRN |  | SOLE |  | 85327000 | 4321000 | 0 |
| BLOOM ENERGY CORP 3 06/01/2029 144A | SDBCV | 093712AM9 |  | 154075884 | 108816000 | PRN |  | SOLE |  | 103611000 | 5205000 | 0 |
| BLUE ACQUISITION CORP | COM | G1331A124 |  | 7279000 | 725000 | SH |  | SOLE |  | 725000 | 0 | 0 |
| BLUE WATER ACQUISITION III | COM | G1368E122 |  | 9004500 | 900000 | SH |  | SOLE |  | 900000 | 0 | 0 |
| BOLD EAGLE ACQUISITION COR A | COM | G2003N105 |  | 12040500 | 1150000 | SH |  | SOLE |  | 1095020 | 54980 | 0 |
| BOLD EAGLE ACQUISITION CORP | RT | G2003N121 |  | 244000 | 800000 | SH |  | SOLE |  | 754637 | 45363 | 0 |
| BOWEN ACQUISITION CORP RTS | RT | G12729128 |  | 53250 | 250000 | SH |  | SOLE |  | 233775 | 16225 | 0 |
| BRIDGEBIO PHARMA INC 2.25 02/01/2029 | SDBCV | 10806XAD4 |  | 138608321 | 148048000 | PRN |  | SOLE |  | 141443000 | 6605000 | 0 |
| BRIDGEBIO PHARMA INC 2.5 03/15/2027 | SDBCV | 10806XAB8 |  | 98699373 | 78930000 | PRN |  | SOLE |  | 75242000 | 3688000 | 0 |
| CABLE ONE INC 0 03/15/2026 | SDBCV | 12685JAE5 |  | 43143096 | 45491000 | PRN |  | SOLE |  | 43442000 | 2049000 | 0 |
| CAL REDWOOD ACQUISIT CL A | COM | G17564108 |  | 6979000 | 700000 | SH |  | SOLE |  | 664043 | 35957 | 0 |
| CAL REDWOOD ACQUISITION CORP | RT | G17564116 |  | 190750 | 700000 | SH |  | SOLE |  | 664043 | 35957 | 0 |
| CAMTEK LTD/ISRAEL 0 12/01/2026 | SDBCV | 13469VAB4 |  | 127508479 | 82907000 | PRN |  | SOLE |  | 78368000 | 4539000 | 0 |
| CANADIAN SOLAR INC 2.5 10/01/2025 | SDBCV | 136635AG4 |  | 98352658 | 101231000 | PRN |  | SOLE |  | 95138000 | 6093000 | 0 |
| CANTOR EQUITY PARTNERS CL A | COM | G1827P106 |  | 4412000 | 400000 | SH |  | SOLE |  | 379453 | 20547 | 0 |
| CANTOR EQUITY PARTNERS I A | COM | G1827K107 |  | 7140000 | 600000 | SH |  | SOLE |  | 567341 | 32659 | 0 |
| CANTOR EQUITY PARTNERS III A | COM | G1828A108 |  | 5275000 | 500000 | SH |  | SOLE |  | 473826 | 26174 | 0 |
| CAPTIVISION INC 28 | RT | G18932114 |  | 5225 | 249999 | SH |  | SOLE |  | 233088 | 16911 | 0 |
| CARTESIAN GROWTH CORP 30 | RT | G19307126 |  | 99412 | 374999 | SH |  | SOLE |  | 355737 | 19262 | 0 |
| CARTESIAN GROWTH CORP I CL A | COM | G19307100 |  | 7503750 | 750000 | SH |  | SOLE |  | 711475 | 38525 | 0 |
| CELULARITY INC CW26 | RT | 151190113 |  | 27451 | 550119 | SH |  | SOLE |  | 513851 | 36268 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 14747436 | 401400 | SH |  | SOLE |  | 381754 | 19646 | 0 |
| CENTURION ACQUISITION CORP | COM | G20315100 |  | 10580000 | 1000000 | SH |  | SOLE |  | 952477 | 47523 | 0 |
| CERENCE INC 1.5 07/01/2028 | SDBCV | 156727AD1 |  | 44244939 | 57225000 | PRN |  | SOLE |  | 54425000 | 2800000 | 0 |
| CERO THERAPEUTICS HLDGS INC CW26 | RT | 71902K113 |  | 5725 | 249999 | SH |  | SOLE |  | 233888 | 16111 | 0 |
| CHAMPIONSGATE ACQUISITIO A | COM | G2124S108 |  | 1996000 | 200000 | SH |  | SOLE |  | 189727 | 10273 | 0 |
| CHAMPIONSGATE ACQUISITION CO | RT | G2124S116 |  | 22000 | 200000 | SH |  | SOLE |  | 189727 | 10273 | 0 |
| CHARTER COMMUNICATIONS INC A | COM | 16119P108 |  | 1839236 | 4499 | SH |  | SOLE |  | 4499 | 0 | 0 |
| CHEFS' WAREHOUSE THE 2.375 12/15/2028 | SDBCV | 163086AE1 |  | 47447306 | 30386000 | PRN |  | SOLE |  | 28880000 | 1506000 | 0 |
| CHURCHILL CAPITAL CORP I 29 | RT | G21301117 |  | 1093322 | 1121356 | SH |  | SOLE |  | 1066948 | 54408 | 0 |
| CHURCHILL CAPITAL CORP IX | COM | G21301109 |  | 12098000 | 1150000 | SH |  | SOLE |  | 1100102 | 49898 | 0 |
| CHURCHILL CAPITAL CORP X | COM | G2130T124 |  | 10300000 | 1000000 | SH |  | SOLE |  | 948633 | 51367 | 0 |
| CIPHER MINING 1.75 05/15/2030 | SDBCV | 17253JAA4 |  | 59976700 | 47000000 | PRN |  | SOLE |  | 44882000 | 2118000 | 0 |
| CLOUDFLARE INC CLASS A | COM | 18915M107 |  | 48668259 | 248523 | SH |  | SOLE |  | 235162 | 13361 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 6754800 | 97500 | SH |  | SOLE |  | 94763 | 2737 | 0 |
| CODERE ONLINE LUXEMBOU CW | RT | L18268117 |  | 143685 | 144407 | SH |  | SOLE |  | 136087 | 8320 | 0 |
| COHEN CIRCLE ACQUISITION 29 | RT | G3730H114 |  | 912239 | 482666 | SH |  | SOLE |  | 482666 | 0 | 0 |
| COHEN CIRCLE ACQUISITION COR | COM | G3730H106 |  | 11161427 | 1017450 | SH |  | SOLE |  | 977634 | 39816 | 0 |
| COINBASE GLOBAL INC 0.25 04/01/2030 144A | SDBCV | 19260QAF4 |  | 503022302 | 384176000 | PRN |  | SOLE |  | 361099000 | 23077000 | 0 |
| COINCHECK GROUP NV | COM | N20967118 |  | 859720 | 157170 | SH |  | SOLE |  | 148531 | 8639 | 0 |
| COINCHECK GROUP NV W EXP 12/11/202 | RT | N20967100 |  | 440316 | 456286 | SH |  | SOLE |  | 431517 | 24769 | 0 |
| COLLEGIUM PHARMA INC 2.875 02/15/2029 | SDBCV | 19459JAC8 |  | 121035865 | 112550000 | PRN |  | SOLE |  | 107095000 | 5455000 | 0 |
| COLUMBUS CIRCLE CAPITAL 30 | RT | G2296A117 |  | 910000 | 500000 | SH |  | SOLE |  | 474316 | 25684 | 0 |
| COLUMBUS CIRCLE CAPITAL CO A | COM | G2296A109 |  | 10620000 | 1000000 | SH |  | SOLE |  | 948633 | 51367 | 0 |
| CONFLUENT INC 0 01/15/2027 | SDBCV | 20717MAB9 |  | 160204431 | 171645000 | PRN |  | SOLE |  | 163931000 | 7714000 | 0 |
| CONMED CORP 2.25 06/15/2027 | SDBCV | 207410AH4 |  | 132649253 | 139675000 | PRN |  | SOLE |  | 133483000 | 6192000 | 0 |
| CORE SCIENTIFIC INC 27 | RT | 21874A114 |  | 30468418 | 2813335 | SH |  | SOLE |  | 2676706 | 136629 | 0 |
| CRACKER BARREL OLD COUNTRY | COM | 22410J106 |  | 1687274 | 27624 | SH |  | SOLE |  | 25032 | 2592 | 0 |
| CRANE HARBOR ACQU CORP A | COM | G24979109 |  | 4028000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| CRANE HARBOR ACQUISITION RTS | RT | G24979117 |  | 371000 | 1400000 | SH |  | SOLE |  | 1400000 | 0 | 0 |
| CRITICAL METALS CORP | COM | G2662B103 |  | 2237500 | 625000 | SH |  | SOLE |  | 618613 | 6387 | 0 |
| CRITICAL METALS CORP 28 | RT | G2662B111 |  | 400626 | 877989 | SH |  | SOLE |  | 833128 | 44861 | 0 |
| CSG SYSTEMS INTERNATIONA 3.875 09/15/2028 | SDBCV | 126349AH2 |  | 116827078 | 103292000 | PRN |  | SOLE |  | 98344000 | 4948000 | 0 |
| CYBERARK SOFTWARE LTD/ISRAEL | COM | M2682V108 |  | 24124322 | 59291 | SH |  | SOLE |  | 56208 | 3083 | 0 |
| CYTOKINETICS INC 3.5 07/01/2027 | SDBCV | 23282WAC4 |  | 186666973 | 175652000 | PRN |  | SOLE |  | 167823000 | 7829000 | 0 |
| DATADOG INC CLASS A | COM | 23804L103 |  | 7764274 | 57800 | SH |  | SOLE |  | 55198 | 2602 | 0 |
| DIGITAL ASSET ACQUISITI CL A | COM | G2868C103 |  | 3264965 | 311840 | SH |  | SOLE |  | 295746 | 16094 | 0 |
| DIGITAL ASSET ACQUISITION 30 | RT | G2868C111 |  | 441044 | 518875 | SH |  | SOLE |  | 493223 | 25652 | 0 |
| DIGITALOCEAN HOLDINGS 0 12/01/2026 | SDBCV | 25402DAB8 |  | 141396057 | 151166000 | PRN |  | SOLE |  | 144344000 | 6822000 | 0 |
| DISTOKEN ACQUISITION CORP | RT | G27740136 |  | 21750 | 75000 | SH |  | SOLE |  | 70234 | 4766 | 0 |
| DISTOKEN ACQUISITION CORP 28 | RT | G27740102 |  | 8155 | 74135 | SH |  | SOLE |  | 69512 | 4623 | 0 |
| DMY SQUARED TECHNOLOGY GR 27 | RT | 233276112 |  | 170478 | 93669 | SH |  | SOLE |  | 88882 | 4787 | 0 |
| DRAFTKINGS HOLDINGS INC 0 03/15/2028 | SDBCV | 26142RAB0 |  | 218941728 | 243873000 | PRN |  | SOLE |  | 231126000 | 12747000 | 0 |
| DROPBOX INC 0 03/01/2026 | SDBCV | 26210CAC8 |  | 83619400 | 84279000 | PRN |  | SOLE |  | 80149000 | 4130000 | 0 |
| DUKE ENERGY CORP | COM | 26441C204 |  | 19012160 | 161120 | SH |  | SOLE |  | 156596 | 4524 | 0 |
| DYNAMIX CORP | COM | G2949D104 |  | 11209000 | 1100000 | SH |  | SOLE |  | 1040176 | 59824 | 0 |
| DYNAMIX CORP 29 | RT | G2949D112 |  | 211750 | 550001 | SH |  | SOLE |  | 520088 | 29913 | 0 |
| DYNAVAX TECHNOLOGIES 2 03/15/2030 144A | SDBCV | 268158AE2 |  | 78243851 | 86148000 | PRN |  | SOLE |  | 82031000 | 4117000 | 0 |
| EGH ACQUISITION CORP | COM | G2946P126 |  | 12228000 | 1200000 | SH |  | SOLE |  | 1200000 | 0 | 0 |
| EGH ACQUISITION CORP RTS | RT | G2946P118 |  | 48825 | 217000 | SH |  | SOLE |  | 207222 | 9778 | 0 |
| ENCORE CAPITAL GROUP INC 4 03/15/2029 | SDBCV | 292554AP7 |  | 67483686 | 71460000 | PRN |  | SOLE |  | 68082000 | 3378000 | 0 |
| ENOVIS CORP 3.875 10/15/2028 | SDBCV | 194014AB2 |  | 101125188 | 102348000 | PRN |  | SOLE |  | 97475000 | 4873000 | 0 |
| ENPHASE ENERGY INC 0 03/01/2026 | SDBCV | 29355AAH0 |  | 46360338 | 48394000 | PRN |  | SOLE |  | 46218000 | 2176000 | 0 |
| ENPHASE ENERGY INC 0 03/01/2028 | SDBCV | 29355AAK3 |  | 99423686 | 121632000 | PRN |  | SOLE |  | 116128000 | 5504000 | 0 |
| ENVISTA HOLDINGS CORP 1.75 08/15/2028 | SDBCV | 29415FAD6 |  | 77548378 | 83302000 | PRN |  | SOLE |  | 79318000 | 3984000 | 0 |
| EQV VENTURES ACQUISITION | RT | G3106N117 |  | 770150 | 1055000 | SH |  | SOLE |  | 989198 | 65802 | 0 |
| EQV VENTURES ACQUISITION C A | COM | G3106N109 |  | 33264150 | 3165000 | SH |  | SOLE |  | 2967594 | 197406 | 0 |
| ESH ACQUISITION CORP RIGHT | RT | 296424112 |  | 9880 | 100000 | SH |  | SOLE |  | 93707 | 6293 | 0 |
| ETSY INC 0.125 09/01/2027 | SDBCV | 29786AAL0 |  | 143512710 | 160328000 | PRN |  | SOLE |  | 153136000 | 7192000 | 0 |
| ETSY INC 0.25 06/15/2028 | SDBCV | 29786AAN6 |  | 127653900 | 148500000 | PRN |  | SOLE |  | 141814000 | 6686000 | 0 |
| EVENTBRITE INC 0.75 09/15/2026 | SDBCV | 29975EAD1 |  | 63149344 | 70231000 | PRN |  | SOLE |  | 66968000 | 3263000 | 0 |
| EVENTBRITE INC 5 12/01/2025 | SDBCV | 29975EAB5 |  | 2965172 | 3000000 | PRN |  | SOLE |  | 2824000 | 176000 | 0 |
| EVERGY INC 4.5 12/15/2027 | SDBCV | 30034WAD8 |  | 1170328 | 1000000 | PRN |  | SOLE |  | 972000 | 28000 | 0 |
| EVOLENT HEALTH INC 3.5 12/01/2029 | SDBCV | 30050BAH4 |  | 106679900 | 125100000 | PRN |  | SOLE |  | 118636000 | 6464000 | 0 |
| EXACT SCIENCES CORP 0.375 03/01/2028 | SDBCV | 30063PAC9 |  | 149621081 | 163997000 | PRN |  | SOLE |  | 156506000 | 7491000 | 0 |
| EXACT SCIENCES CORP 0.375 03/15/2027 | SDBCV | 30063PAB1 |  | 178490887 | 186841000 | PRN |  | SOLE |  | 178440000 | 8401000 | 0 |
| FACT II ACQUISITION CORP | COM | G32901103 |  | 3099000 | 300000 | SH |  | SOLE |  | 283073 | 16927 | 0 |
| FACT II ACQUISITION CORP 29 | RT | G32901129 |  | 41250 | 149999 | SH |  | SOLE |  | 141536 | 8463 | 0 |
| FIFTH ERA ACQUISITION CORP A | COM | G3415K101 |  | 5075000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | RT | G3415K135 |  | 135250 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| FIGX CAPITAL ACQUISITION COR | COM | G3473K126 |  | 1502250 | 150000 | SH |  | SOLE |  | 142148 | 7852 | 0 |
| FIVE9 INC 1 03/15/2029 | SDBCV | 338307AF8 |  | 193780028 | 221411000 | PRN |  | SOLE |  | 211505000 | 9906000 | 0 |
| FLUOR CORP 1.125 08/15/2029 | SDBCV | 343412AJ1 |  | 57742346 | 43947000 | PRN |  | SOLE |  | 42802000 | 1145000 | 0 |
| FOLD HOLDINGS INC 23 | RT | 29103K118 |  | 694700 | 1000000 | SH |  | SOLE |  | 945782 | 54218 | 0 |
| FORTUNA MINING CORP 3.75 06/30/2029 144A | SDBCV | 349915AE8 |  | 61928561 | 47888000 | PRN |  | SOLE |  | 45625000 | 2263000 | 0 |
| FREIGHTOS LTD CW28 | RT | G51405119 |  | 97208 | 487500 | SH |  | SOLE |  | 487500 | 0 | 0 |
| GCL GLOBAL HOLDINGS A CW26 | RT | G3777K111 |  | 33450 | 375000 | SH |  | SOLE |  | 349852 | 25148 | 0 |
| GENERATION ESSENTIALS 30 | RT | G38268119 |  | 142652 | 301207 | SH |  | SOLE |  | 284769 | 16438 | 0 |
| GESHER ACQUISITION CORP I 30 | RT | G3852D115 |  | 70325 | 249999 | SH |  | SOLE |  | 236725 | 13274 | 0 |
| GESHER ACQUISITION CORP II A | COM | G3852D107 |  | 5075000 | 500000 | SH |  | SOLE |  | 473450 | 26550 | 0 |
| GLOBAL PAYMENTS INC 1.5 03/01/2031 | SDBCV | 37940XAU6 |  | 6553914 | 7304000 | PRN |  | SOLE |  | 6975000 | 329000 | 0 |
| GORES HOLDINGS X INC 31 | RT | G4002F125 |  | 183749 | 306249 | SH |  | SOLE |  | 290519 | 15730 | 0 |
| GORES HOLDINGS X INC CL A | COM | G4002F109 |  | 12550125 | 1225000 | SH |  | SOLE |  | 1162076 | 62924 | 0 |
| GP ACT III ACQ CL A CW27 | RT | G4035N129 |  | 113562 | 360400 | SH |  | SOLE |  | 340642 | 19758 | 0 |
| GRAF GLOBAL CORP 29 | RT | G4036C122 |  | 213750 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| GRAF GLOBAL CORP CL A | COM | G4036C106 |  | 15690000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| GRANITE CONSTRUCTION INC 3.25 06/15/2030 | SDBCV | 387328AF4 |  | 175569605 | 128347000 | PRN |  | SOLE |  | 120932000 | 7415000 | 0 |
| GRANITE CONSTRUCTION INC 3.75 05/15/2028 | SDBCV | 387328AD9 |  | 76868409 | 36931000 | PRN |  | SOLE |  | 35131000 | 1800000 | 0 |
| GSR III ACQUISITION CORP | COM | G4R103107 |  | 10768420 | 998000 | SH |  | SOLE |  | 998000 | 0 | 0 |
| GSR III ACQUISITION CORP | RT | G4R103131 |  | 978037 | 142571 | SH |  | SOLE |  | 142571 | 0 | 0 |
| GUARDANT HEALTH INC 0 11/15/2027 | SDBCV | 40131MAB5 |  | 88592770 | 97440000 | PRN |  | SOLE |  | 92942000 | 4498000 | 0 |
| GUARDANT HEALTH INC 1.25 02/15/2031 | SDBCV | 40131MAD1 |  | 88484000 | 76067000 | PRN |  | SOLE |  | 72514000 | 3553000 | 0 |
| H WORLD GROUP LTD 3 05/01/2026 | SDBCV | 44332NAB2 |  | 141907722 | 134142000 | PRN |  | SOLE |  | 124651000 | 9491000 | 0 |
| HAEMONETICS CORP 2.5 06/01/2029 | SDBCV | 405024AD2 |  | 163050437 | 163707000 | PRN |  | SOLE |  | 154945000 | 8762000 | 0 |
| HALOZYME THERAPEUTICS IN 0.25 03/01/2027 | SDBCV | 40637HAD1 |  | 97624630 | 97930000 | PRN |  | SOLE |  | 93139000 | 4791000 | 0 |
| HAYMAKER ACQUISITION CORP 28 | RT | G4375F116 |  | 137250 | 450001 | SH |  | SOLE |  | 420844 | 29157 | 0 |
| HAYMAKER ACQUISITION CORP 4 | COM | G4375F108 |  | 9990000 | 900000 | SH |  | SOLE |  | 841688 | 58312 | 0 |
| HCM II ACQUISITION CORP 29 | RT | G43658122 |  | 1180000 | 500000 | SH |  | SOLE |  | 475493 | 24507 | 0 |
| HCM II ACQUISITION CORP CL A | COM | G43658106 |  | 21645000 | 1950000 | SH |  | SOLE |  | 1857123 | 92877 | 0 |
| HELPORT AI LTD 29 | RT | G4R52R111 |  | 25147 | 133265 | SH |  | SOLE |  | 124599 | 8666 | 0 |
| HENNESSY CAPITAL INVESTMENT | COM | G4405D107 |  | 12331517 | 1213732 | SH |  | SOLE |  | 1147667 | 66065 | 0 |
| HENNESSY CAPITAL INVESTMENT | RT | G4405D115 |  | 447557 | 1443732 | SH |  | SOLE |  | 1372771 | 70961 | 0 |
| IMMUNOCORE HOLDINGS 2.5 02/01/2030 | SDBCV | 45258DAB1 |  | 72588367 | 83886000 | PRN |  | SOLE |  | 79816000 | 4070000 | 0 |
| IMPINJ INC 1.125 05/15/2027 | SDBCV | 453204AD1 |  | 130142535 | 104399000 | PRN |  | SOLE |  | 99372000 | 5027000 | 0 |
| INFLECTION POINT ACQUISITI A | COM | G47875102 |  | 16297500 | 1590000 | SH |  | SOLE |  | 1514734 | 75266 | 0 |
| INFLECTION POINT ACQUISITION | RT | G47875110 |  | 676000 | 1690000 | SH |  | SOLE |  | 1610244 | 79756 | 0 |
| INNOVIVA INC 2.125 03/15/2028 | SDBCV | 45781MAD3 |  | 68365664 | 67896000 | PRN |  | SOLE |  | 62365000 | 5531000 | 0 |
| INOTIV INC 3.25 10/15/2027 | SDBCV | 45783QAB6 |  | 7787170 | 31725000 | PRN |  | SOLE |  | 30088000 | 1637000 | 0 |
| INTERDIGITAL INC 3.5 06/01/2027 | SDBCV | 45867GAD3 |  | 126756736 | 43457000 | PRN |  | SOLE |  | 41345000 | 2112000 | 0 |
| IONIS PHARMACEUTICALS IN 0 04/01/2026 | SDBCV | 462222AD2 |  | 65152034 | 64522000 | PRN |  | SOLE |  | 61249000 | 3273000 | 0 |
| IONIS PHARMACEUTICALS IN 1.75 06/15/2028 | SDBCV | 462222AF7 |  | 2712495 | 2578000 | PRN |  | SOLE |  | 2453000 | 125000 | 0 |
| IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029 | SDBCV | 450056AB2 |  | 200315355 | 156346000 | PRN |  | SOLE |  | 148402000 | 7944000 | 0 |
| ISRAEL ACQUISITIONS CORP 28 | RT | G49667119 |  | 57675 | 250000 | SH |  | SOLE |  | 234118 | 15882 | 0 |
| ITRON INC 1.375 07/15/2030 144A | SDBCV | 465741AQ9 |  | 158799734 | 133316000 | PRN |  | SOLE |  | 125834000 | 7482000 | 0 |
| JACKSON ACQUISITION CO CL A | COM | G4992A110 |  | 8240000 | 800000 | SH |  | SOLE |  | 754679 | 45321 | 0 |
| JACKSON ACQUISITION CO II | RT | G4992A136 |  | 357500 | 1300000 | SH |  | SOLE |  | 1228579 | 71421 | 0 |
| JAMF HOLDING CORP 0.125 09/01/2026 | SDBCV | 47074LAB1 |  | 86279526 | 91540000 | PRN |  | SOLE |  | 86548000 | 4992000 | 0 |
| JBT MAREL CORP 0.25 05/15/2026 | SDBCV | 477839AB0 |  | 69593013 | 69871000 | PRN |  | SOLE |  | 66445000 | 3426000 | 0 |
| JD COM INC 0.25 06/01/2029 | SDBCV | 47215PAJ5 |  | 476048 | 456000 | PRN |  | SOLE |  | 435000 | 21000 | 0 |
| JENA ACQUISITION CORP II | COM | G5093B121 |  | 8224000 | 800000 | SH |  | SOLE |  | 758907 | 41093 | 0 |
| K GROWTH ACQUISITION COR A | COM | G52258111 |  | 12725000 | 1250000 | SH |  | SOLE |  | 1182913 | 67087 | 0 |
| K GROWTH ACQUISITION CORP | RT | G52258129 |  | 268250 | 1850000 | SH |  | SOLE |  | 1752493 | 97507 | 0 |
| KOCHAV DEFENSE ACQUISITION C | COM | G5304D122 |  | 14245000 | 1400000 | SH |  | SOLE |  | 1400000 | 0 | 0 |
| KOSMOS ENERGY LTD 3.125 03/15/2030 | SDBCV | 500688AH9 |  | 27060750 | 40344000 | PRN |  | SOLE |  | 38403000 | 1941000 | 0 |
| LANTHEUS HOLDINGS INC 2.625 12/15/2027 | SDBCV | 516544AB9 |  | 71104608 | 55940000 | PRN |  | SOLE |  | 53426000 | 2514000 | 0 |
| LANVIN GROUP HOLDINGS LTD 27 | RT | G5380J118 |  | 21521 | 1138687 | SH |  | SOLE |  | 1063262 | 75425 | 0 |
| LAUNCH TWO ACQUISITION 29 | RT | G5S87A113 |  | 209580 | 499000 | SH |  | SOLE |  | 499000 | 0 | 0 |
| LAUNCH TWO ACQUISITION CL A | COM | G5S87A105 |  | 10399160 | 998000 | SH |  | SOLE |  | 998000 | 0 | 0 |
| LEGATO MERGER CORP III | COM | G5451A103 |  | 4806000 | 450000 | SH |  | SOLE |  | 420845 | 29155 | 0 |
| LEGATO MERGER CORP III 29 | RT | G5451A111 |  | 56835 | 224999 | SH |  | SOLE |  | 210422 | 14577 | 0 |
| LEMONADE INC 28 | RT | 52567D115 |  | 25041 | 324359 | SH |  | SOLE |  | 299568 | 24791 | 0 |
| LI AUTO INC 0.25 05/01/2028 | SDBCV | 50202MAB8 |  | 323035251 | 271707000 | PRN |  | SOLE |  | 255193000 | 16514000 | 0 |
| LIBERTY MEDIA CORP 3.75 03/15/2028 | SDBCV | 531229AP7 |  | 290403082 | 278210000 | PRN |  | SOLE |  | 265676000 | 12534000 | 0 |
| LIGHTWAVE ACQUISITION CORP | COM | G5490M118 |  | 7035000 | 700000 | SH |  | SOLE |  | 663357 | 36643 | 0 |
| LIMINATUS PHARMA INC CL A 28 | RT | 53271X116 |  | 56322 | 268199 | SH |  | SOLE |  | 251358 | 16841 | 0 |
| LITHIUM ARGENTINA AG 1.75 01/15/2027 | SDBCV | 53680QAA6 |  | 39128551 | 47355000 | PRN |  | SOLE |  | 45222000 | 2133000 | 0 |
| LIVANOVA PLC 2.5 03/15/2029 | SDBCV | 53802LAB8 |  | 104775759 | 103415000 | PRN |  | SOLE |  | 97399000 | 6016000 | 0 |
| LIVE OAK ACQUISITION CO CW29 | RT | G5509P110 |  | 376749 | 549999 | SH |  | SOLE |  | 520481 | 29518 | 0 |
| LIVE OAK ACQUISITION CORP A | COM | G5509P102 |  | 11770000 | 1100000 | SH |  | SOLE |  | 1040963 | 59037 | 0 |
| LIVEPERSON INC 0 12/15/2026 | SDBCV | 538146AD3 |  | 40632475 | 104858000 | PRN |  | SOLE |  | 99373000 | 5485000 | 0 |
| LONGEVITY HEALTH HLDGS INC W EXP 07/12/202 | RT | 142922111 |  | 9949 | 371248 | SH |  | SOLE |  | 345956 | 25292 | 0 |
| LUCID GROUP INC | COM | 549498103 |  | 9884717 | 4684700 | SH |  | SOLE |  | 4684700 | 0 | 0 |
| LUMENTUM HOLDINGS INC 0.5 06/15/2028 | SDBCV | 55024UAF6 |  | 251302155 | 242826000 | PRN |  | SOLE |  | 231931000 | 10895000 | 0 |
| LUMENTUM HOLDINGS INC 0.5 12/15/2026 | SDBCV | 55024UAD1 |  | 173472900 | 147425000 | PRN |  | SOLE |  | 140812000 | 6613000 | 0 |
| LUMENTUM HOLDINGS INC 1.5 12/15/2029 | SDBCV | 55024UAH2 |  | 99157762 | 64536000 | PRN |  | SOLE |  | 58583000 | 5953000 | 0 |
| LYFT INC 0.625 03/01/2029 | SDBCV | 55087PAD6 |  | 120760227 | 112566000 | PRN |  | SOLE |  | 106355000 | 6211000 | 0 |
| MAKEMYTRIP LIMITED 0 02/15/2028 | SDBCV | 56087FAB0 |  | 238162487 | 93255000 | PRN |  | SOLE |  | 88077000 | 5178000 | 0 |
| MARRIOTT VACATION WORLDW 0 01/15/2026 | SDBCV | 57164YAD9 |  | 120097440 | 123703000 | PRN |  | SOLE |  | 118134000 | 5569000 | 0 |
| MARRIOTT VACATION WORLDW 3.25 12/15/2027 | SDBCV | 57164YAF4 |  | 145196317 | 155299000 | PRN |  | SOLE |  | 148302000 | 6997000 | 0 |
| MAXEON SOLAR TECHNOLOGIE | COM | Y58473128 |  | 69692 | 22775 | SH |  | SOLE |  | 20998 | 1777 | 0 |
| MAYWOOD ACQUISITION COR CL A | COM | G6001J107 |  | 3039000 | 300000 | SH |  | SOLE |  | 283899 | 16101 | 0 |
| MAYWOOD ACQUISITION CORP | RT | G6001J131 |  | 85500 | 300000 | SH |  | SOLE |  | 283899 | 16101 | 0 |
| MERIT MEDICAL SYSTEMS INC | COM | 589889104 |  | 1617204 | 17300 | SH |  | SOLE |  | 16504 | 796 | 0 |
| MESA LABORATORIES INC 1.375 08/15/2025 | SDBCV | 59064RAA7 |  | 12762472 | 12929000 | PRN |  | SOLE |  | 12220000 | 709000 | 0 |
| MGP INGREDIENTS INC 1.875 11/15/2041 | SDBCV | 55303JAB2 |  | 11932605 | 12619000 | PRN |  | SOLE |  | 12052000 | 567000 | 0 |
| MICROSTRATEGY INC 0.625 03/15/2030 144A | SDBCV | 594972AJ0 |  | 764915601 | 274640000 | PRN |  | SOLE |  | 262350000 | 12290000 | 0 |
| MICROSTRATEGY INC 0.875 03/15/2031 | SDBCV | 594972AL5 |  | 185365256 | 98404000 | PRN |  | SOLE |  | 93651000 | 4753000 | 0 |
| MICROSTRATEGY INC 2.25 06/15/2032 | SDBCV | 594972AN1 |  | 212574711 | 98959000 | PRN |  | SOLE |  | 94227000 | 4732000 | 0 |
| MINISO GROUP HOLDING LTD ADR | ADR | 66981J102 |  | 921750 | 50590 | SH |  | SOLE |  | 50590 | 0 | 0 |
| MITEK SYSTEMS INC 0.75 02/01/2026 | SDBCV | 606710AA9 |  | 47587449 | 48749000 | PRN |  | SOLE |  | 45829000 | 2920000 | 0 |
| MKS INC 1.25 06/01/2030 | SDBCV | 55306NAB0 |  | 214700956 | 217136000 | PRN |  | SOLE |  | 205681000 | 11455000 | 0 |
| MOOLEC SCIENCE SA | RT | L64875112 |  | 8622 | 594637 | SH |  | SOLE |  | 557378 | 37259 | 0 |
| MOUNTAIN LAKE ACQUISITION A | COM | G6301B101 |  | 8977500 | 875000 | SH |  | SOLE |  | 825430 | 49570 | 0 |
| MOUNTAIN LAKE ACQUISITION CO | RT | G6301B127 |  | 188117 | 1175000 | SH |  | SOLE |  | 1119036 | 55964 | 0 |
| MURANO GLOBAL BV 28 | RT | G63369113 |  | 130500 | 749999 | SH |  | SOLE |  | 700381 | 49618 | 0 |
| NABORS ENERGY TRANSITI CW | RT | G6363K114 |  | 1068750 | 2250000 | SH |  | SOLE |  | 2133448 | 116552 | 0 |
| NABORS ENERGY TRANSITION C A | COM | G6363K106 |  | 11100000 | 1000000 | SH |  | SOLE |  | 935101 | 64899 | 0 |
| NEOGENOMICS INC 0.25 01/15/2028 | SDBCV | 64049MAB6 |  | 38056337 | 44576000 | PRN |  | SOLE |  | 42318000 | 2258000 | 0 |
| NEW PROVIDENCE ACQ A CW28 | RT | G6476A110 |  | 224000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| NEW PROVIDENCE ACQUISITION A | COM | G6476A102 |  | 12192000 | 1200000 | SH |  | SOLE |  | 1200000 | 0 | 0 |
| NEWBURY STREET II AC CLASS A | COM | G6439S109 |  | 9261000 | 900000 | SH |  | SOLE |  | 900000 | 0 | 0 |
| NEWBURY STREET II ACQ 29 | RT | G6439S117 |  | 120855 | 525000 | SH |  | SOLE |  | 499537 | 25463 | 0 |
| NEWHOLD INVESTMENT CORP 30 | RT | G6486E110 |  | 163890 | 337499 | SH |  | SOLE |  | 319386 | 18113 | 0 |
| NEWHOLD INVESTMENT CORP II A | COM | G6486E102 |  | 6864750 | 675000 | SH |  | SOLE |  | 638773 | 36227 | 0 |
| NEXTERA ENERGY CAPITAL 3 03/01/2027 | SDBCV | 65339KCY4 |  | 739131 | 650000 | PRN |  | SOLE |  | 620000 | 30000 | 0 |
| NIO INC 3.875 10/15/2029 | SDBCV | 62914VAJ5 |  | 16602753 | 23256000 | PRN |  | SOLE |  | 22135000 | 1121000 | 0 |
| NIO INC 4.625 10/15/2030 | SDBCV | 62914VAK2 |  | 637698 | 1000000 | PRN |  | SOLE |  | 952000 | 48000 | 0 |
| NIOCORP DEVELOPMENTS LTD 28 | RT | 654484153 |  | 92250 | 194210 | SH |  | SOLE |  | 182025 | 12185 | 0 |
| NORTHERN OIL  GAS INC 3.625 04/15/2029 | SDBCV | 665531AJ8 |  | 9816201 | 9381000 | PRN |  | SOLE |  | 8958000 | 423000 | 0 |
| NOVAVAX INC 5 12/15/2027 | SDBCV | 670002AD6 |  | 1293601 | 1300000 | PRN |  | SOLE |  | 1238000 | 62000 | 0 |
| NOVOCURE LTD 0 11/01/2025 | SDBCV | 67011XAB9 |  | 34130672 | 34961000 | PRN |  | SOLE |  | 33281000 | 1680000 | 0 |
| NUTANIX INC A | COM | 67059N108 |  | 7888073 | 103193 | SH |  | SOLE |  | 98545 | 4648 | 0 |
| NVNI GROUP LTD 28 | RT | G50716110 |  | 12900 | 249999 | SH |  | SOLE |  | 233953 | 16046 | 0 |
| OAKTREE ACQUISITION CORP I A | COM | G6717R104 |  | 6288000 | 600000 | SH |  | SOLE |  | 565978 | 34022 | 0 |
| OAKTREE ACQUISITION III 31 | RT | G6717R112 |  | 105012 | 120000 | SH |  | SOLE |  | 113196 | 6804 | 0 |
| OIL STATES INTL INC 4.75 04/01/2026 | SDBCV | 678026AK1 |  | 22932282 | 23296000 | PRN |  | SOLE |  | 22246000 | 1050000 | 0 |
| ON SEMICONDUCTOR CORP 0.5 03/01/2029 | SDBCV | 682189AU9 |  | 68736960 | 74231000 | PRN |  | SOLE |  | 70895000 | 3336000 | 0 |
| OPKO HEALTH INC 3.75 01/15/2029 | SDBCV | 68375NAG8 |  | 1884750 | 1400000 | PRN |  | SOLE |  | 1332000 | 68000 | 0 |
| OXLEY BRIDGE ACQUISITION LTD | COM | G6858G123 |  | 5005000 | 500000 | SH |  | SOLE |  | 473826 | 26174 | 0 |
| OYSTER ENTERPRISES II ACQUIS | COM | G6861F120 |  | 10120000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| PACIRA BIOSCIENCES INC 0.75 08/01/2025 | SDBCV | 695127AF7 |  | 25763101 | 25916000 | PRN |  | SOLE |  | 24391000 | 1525000 | 0 |
| PACIRA BIOSCIENCES INC 2.125 05/15/2029 | SDBCV | 695127AJ9 |  | 104694771 | 106970000 | PRN |  | SOLE |  | 101706000 | 5264000 | 0 |
| PAGERDUTY INC 1.5 10/15/2028 | SDBCV | 69553PAD2 |  | 107274179 | 112236000 | PRN |  | SOLE |  | 107161000 | 5075000 | 0 |
| PAR TECHNOLOGY CORP 1.5 10/15/2027 | SDBCV | 698884AE3 |  | 29617689 | 25720000 | PRN |  | SOLE |  | 24555000 | 1165000 | 0 |
| PAR TECHNOLOGY CORP 2.875 04/15/2026 | SDBCV | 698884AC7 |  | 7330627 | 4450000 | PRN |  | SOLE |  | 4186000 | 264000 | 0 |
| PARSONS CORP 2.625 03/01/2029 | SDBCV | 70202LAD4 |  | 2385018 | 2235000 | PRN |  | SOLE |  | 2135000 | 100000 | 0 |
| PEBBLEBROOK HOTEL TRUST 1.75 12/15/2026 | SDBCV | 70509VAA8 |  | 80332763 | 84853000 | PRN |  | SOLE |  | 81029000 | 3824000 | 0 |
| PELICAN ACQUISITION CORP | COM | G6993G103 |  | 3700000 | 370000 | SH |  | SOLE |  | 350994 | 19006 | 0 |
| PELICAN ACQUISITION CORP RTS | RT | G6993G111 |  | 123950 | 670000 | SH |  | SOLE |  | 637481 | 32519 | 0 |
| PELOTON INTERACTIVE INC 5.5 12/01/2029 | SDBCV | 70614WAD2 |  | 216458795 | 117950000 | PRN |  | SOLE |  | 112237000 | 5713000 | 0 |
| PENGUIN SOLUTIONS INC 2.25 02/15/2026 | SDBCV | 83205YAB0 |  | 289228 | 250000 | PRN |  | SOLE |  | 234000 | 16000 | 0 |
| PERIMETER ACQUIS CORP I 30 | RT | G7010A111 |  | 584375 | 850000 | SH |  | SOLE |  | 806943 | 43057 | 0 |
| PERIMETER ACQUIS CORP I CL A | COM | G7010A129 |  | 15307500 | 1500000 | SH |  | SOLE |  | 1422950 | 77050 | 0 |
| PERMIAN RESOURC OPTG LLC 3.25 04/01/2028 | SDBCV | 15136AAA0 |  | 41449833 | 17140000 | PRN |  | SOLE |  | 16202000 | 938000 | 0 |
| PINNACLE WEST CAPITAL | COM | 723484101 |  | 1207845 | 13500 | SH |  | SOLE |  | 12911 | 589 | 0 |
| PIONEER ACQUISITION I CORP | COM | G7117W123 |  | 7507500 | 750000 | SH |  | SOLE |  | 710740 | 39260 | 0 |
| PLUM ACQUISITION CORP IV | COM | G7134A104 |  | 7210000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| PLUM ACQUISITION CORP IV 30 | RT | G7134A120 |  | 74060 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 3741456 | 110400 | SH |  | SOLE |  | 107438 | 2962 | 0 |
| PROCAP ACQUISITION CORP | COM | G7257A113 |  | 10184000 | 950000 | SH |  | SOLE |  | 901202 | 48798 | 0 |
| PROGRESS SOFTWARE CORP 3.5 03/01/2030 | SDBCV | 743312AD2 |  | 143764664 | 123950000 | PRN |  | SOLE |  | 118399000 | 5551000 | 0 |
| PROS HOLDINGS INC 2.25 09/15/2027 | SDBCV | 74346YAG8 |  | 7986036 | 8454000 | PRN |  | SOLE |  | 8167000 | 287000 | 0 |
| PROS HOLDINGS INC 2.5 07/01/2030 144A | SDBCV | 74346YAK9 |  | 67436683 | 62350000 | PRN |  | SOLE |  | 58970000 | 3380000 | 0 |
| PSQ HOLDINGS INC W EXP 07/19/202 | RT | 693691115 |  | 57783 | 275024 | SH |  | SOLE |  | 257288 | 17736 | 0 |
| PTC THERAPEUTICS INC 1.5 09/15/2026 | SDBCV | 69366JAD3 |  | 34634593 | 29979000 | PRN |  | SOLE |  | 28623000 | 1356000 | 0 |
| Q2 HOLDINGS INC 0.125 11/15/2025 | SDBCV | 74736LAF6 |  | 39014708 | 39595000 | PRN |  | SOLE |  | 37227000 | 2368000 | 0 |
| Q2 HOLDINGS INC 0.75 06/01/2026 | SDBCV | 74736LAD1 |  | 60791624 | 51317000 | PRN |  | SOLE |  | 48825000 | 2492000 | 0 |
| QUARTZSEA ACQUISITION CORP | COM | G7314B104 |  | 1758750 | 175000 | SH |  | SOLE |  | 165707 | 9293 | 0 |
| QUARTZSEA ACQUISITION CORP | RT | G7314B120 |  | 52500 | 175000 | SH |  | SOLE |  | 165707 | 9293 | 0 |
| RANGE CAPITAL ACQUISITION CO | COM | G7375C108 |  | 5140000 | 500000 | SH |  | SOLE |  | 471674 | 28326 | 0 |
| RANGE CAPITAL ACQUISITION CO | RT | G7375C116 |  | 290118 | 1487022 | SH |  | SOLE |  | 1415383 | 71639 | 0 |
| RAPID7 INC 0.25 03/15/2027 | SDBCV | 753422AF1 |  | 145386775 | 157312000 | PRN |  | SOLE |  | 148309000 | 9003000 | 0 |
| RAPID7 INC 1.25 03/15/2029 | SDBCV | 753422AH7 |  | 49919063 | 56138000 | PRN |  | SOLE |  | 54628000 | 1510000 | 0 |
| REAL ASSET ACQUISITI CLASS A | COM | G73944103 |  | 3048000 | 300000 | SH |  | SOLE |  | 284522 | 15478 | 0 |
| REAL ASSET AQC Corp 30 | RT | G73944111 |  | 68250 | 150000 | SH |  | SOLE |  | 142261 | 7739 | 0 |
| RENATUS TACTICAL ACQU 30 | RT | G7490F127 |  | 151875 | 75000 | SH |  | SOLE |  | 71412 | 3588 | 0 |
| RENATUS TACTICAL ACQUISITI A | COM | G7490F101 |  | 1770000 | 150000 | SH |  | SOLE |  | 142824 | 7176 | 0 |
| REPLIGEN CORP 1 12/15/2028 | SDBCV | 759916AD1 |  | 56472917 | 56841000 | PRN |  | SOLE |  | 54265000 | 2576000 | 0 |
| REPUBLIC DIGITAL ACQU 30 | RT | G7515A129 |  | 457199 | 662511 | SH |  | SOLE |  | 630382 | 32129 | 0 |
| REPUBLIC DIGITAL ACQUIS CL A | COM | G7515A103 |  | 13621236 | 1325023 | SH |  | SOLE |  | 1260764 | 64259 | 0 |
| REVELATION BIOSC CW27 | RT | 76135L119 |  | 4001 | 338110 | SH |  | SOLE |  | 317133 | 20977 | 0 |
| RITHM ACQUISITION CORP 30 | RT | G75751118 |  | 172333 | 366666 | SH |  | SOLE |  | 346987 | 19679 | 0 |
| RITHM ACQUISITION CORP A | COM | G75751100 |  | 11209000 | 1100000 | SH |  | SOLE |  | 1040963 | 59037 | 0 |
| ROADZEN INC W EXP 11/30/202 | RT | G7606H116 |  | 13000 | 249999 | SH |  | SOLE |  | 233953 | 16046 | 0 |
| ROMAN DBDR ACQUISITION 30 | RT | G7633M112 |  | 78750 | 150000 | SH |  | SOLE |  | 141502 | 8498 | 0 |
| ROMAN DBDR ACQUISITION CORP | COM | G7633M104 |  | 5155000 | 500000 | SH |  | SOLE |  | 475549 | 24451 | 0 |
| SAREPTA THERAPEUTICS INC 1.25 09/15/2027 | SDBCV | 803607AD2 |  | 208787784 | 284547000 | PRN |  | SOLE |  | 270583000 | 13964000 | 0 |
| SCAGE FUTURE 30 | RT | G7840J118 |  | 28687 | 318749 | SH |  | SOLE |  | 298290 | 20459 | 0 |
| SEASTAR MEDICAL HOLDING CORP CW26 | RT | 81256L112 |  | 4405 | 218073 | SH |  | SOLE |  | 204594 | 13479 | 0 |
| SEMTECH CORP 1.625 11/01/2027 | SDBCV | 816850AF8 |  | 191656967 | 133664000 | PRN |  | SOLE |  | 126059000 | 7605000 | 0 |
| SEMTECH CORP 4 11/01/2028 | SDBCV | 816850AH4 |  | 17251695 | 7450000 | PRN |  | SOLE |  | 7115000 | 335000 | 0 |
| SIBANYE STILLWATER LTD ADR | ADR | 82575P107 |  | 11341234 | 1570808 | SH |  | SOLE |  | 1403508 | 167300 | 0 |
| SIDDHI ACQUISITION CORP | RT | G8118C116 |  | 470000 | 2000000 | SH |  | SOLE |  | 1900439 | 99561 | 0 |
| SIDDHI ACQUISITION CORP A | COM | G8118C124 |  | 8080000 | 800000 | SH |  | SOLE |  | 758641 | 41359 | 0 |
| SILEXION THERAPEUTICS CORP W EXP 08/15/202 | RT | G1281K114 |  | 13973 | 337500 | SH |  | SOLE |  | 316506 | 20994 | 0 |
| SILVERBOX CORP IV A | COM | G81354105 |  | 21920000 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| SILVERBOX CORP IV A 29 | RT | G81354121 |  | 766667 | 666667 | SH |  | SOLE |  | 666667 | 0 | 0 |
| SIZZLE ACQUISITION CORP CL A | COM | G8193F109 |  | 6030000 | 600000 | SH |  | SOLE |  | 595190 | 4810 | 0 |
| SIZZLE ACQUISITION CORP RTS | RT | G8193F133 |  | 446836 | 2414026 | SH |  | SOLE |  | 2323553 | 90473 | 0 |
| SNAP INC 0.125 03/01/2028 | SDBCV | 83304AAH9 |  | 32588511 | 37587000 | PRN |  | SOLE |  | 35762000 | 1825000 | 0 |
| SNAP INC 0.5 05/01/2030 144A | SDBCV | 83304AAK2 |  | 118156244 | 139062000 | PRN |  | SOLE |  | 132489000 | 6573000 | 0 |
| SNOWFLAKE INC | COM | 833445109 |  | 4408269 | 19700 | SH |  | SOLE |  | 18832 | 868 | 0 |
| SOLARIS ENERGY INFRASTRU 4.75 05/01/2030 | SDBCV | 83419XAA6 |  | 36116437 | 27000000 | PRN |  | SOLE |  | 25724000 | 1276000 | 0 |
| SOULPOWER ACQUISITION CO A | COM | G82745103 |  | 5020000 | 500000 | SH |  | SOLE |  | 474204 | 25796 | 0 |
| SOULPOWER ACQUISITION CORP | RT | G82745137 |  | 377282 | 1754801 | SH |  | SOLE |  | 1669693 | 85108 | 0 |
| SOUTHERN CO 4.5 06/15/2027 | SDBCV | 842587DZ7 |  | 2748203 | 2500000 | PRN |  | SOLE |  | 2433000 | 67000 | 0 |
| SOUTHLAND HLDGS INC W EXP 02/14/202 | RT | 84445C118 |  | 95240 | 399999 | SH |  | SOLE |  | 374324 | 25675 | 0 |
| SPARK I ACQUISITION CORP | COM | G8316B100 |  | 3270000 | 300000 | SH |  | SOLE |  | 279282 | 20718 | 0 |
| SPARK I ACQUISITION CORP 28 | RT | G8316B118 |  | 26535 | 150000 | SH |  | SOLE |  | 139641 | 10359 | 0 |
| SPECTRUM BRANDS INC 3.375 06/01/2029 | SDBCV | 84762LAZ8 |  | 85371019 | 93800000 | PRN |  | SOLE |  | 89342000 | 4458000 | 0 |
| SPHERE ENTERTAINMENT CO 3.5 12/01/2028 | SDBCV | 55826TAB8 |  | 122793143 | 87400000 | PRN |  | SOLE |  | 83269000 | 4131000 | 0 |
| SPRING VALLEY ACQUISITION AW | RT | G83752116 |  | 40740 | 299999 | SH |  | SOLE |  | 281680 | 18319 | 0 |
| STELLAR V CAPITAL CORP CL 29 | RT | G8475V111 |  | 94710 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| STELLAR V CAPITAL CORP CL A | COM | G8475V103 |  | 7161000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| STRIDE INC 1.125 09/01/2027 | SDBCV | 86333MAA6 |  | 135132339 | 48554000 | PRN |  | SOLE |  | 45372000 | 3182000 | 0 |
| SUMMIT HOTEL PROPERTIES 1.5 02/15/2026 | SDBCV | 866082AA8 |  | 65087762 | 67307000 | PRN |  | SOLE |  | 64057000 | 3250000 | 0 |
| SUNRUN INC 4 03/01/2030 144A | SDBCV | 86771WAD7 |  | 33199524 | 47768000 | PRN |  | SOLE |  | 45621000 | 2147000 | 0 |
| SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029 | SDBCV | 86800UAB0 |  | 378362557 | 362108000 | PRN |  | SOLE |  | 344471000 | 17637000 | 0 |
| TALKSPACE INC CW25 | RT | 87427V111 |  | 72353 | 1071902 | SH |  | SOLE |  | 976713 | 95189 | 0 |
| TANDEM DIABETES CARE INC 1.5 03/15/2029 144A | SDBCV | 875372AD6 |  | 90003335 | 93250000 | PRN |  | SOLE |  | 86786000 | 6464000 | 0 |
| TAVIA ACQUISITION CORP | COM | G86880104 |  | 2567500 | 250000 | SH |  | SOLE |  | 235837 | 14163 | 0 |
| TAVIA ACQUISITION CORP | RT | G86880146 |  | 44375 | 250000 | SH |  | SOLE |  | 235837 | 14163 | 0 |
| TELADOC HEALTH INC 1.25 06/01/2027 | SDBCV | 87918AAF2 |  | 99919866 | 108153000 | PRN |  | SOLE |  | 102730000 | 5423000 | 0 |
| TEVOGEN BIO HLDGS INC CW26 | RT | 88165K119 |  | 42250 | 649999 | SH |  | SOLE |  | 608277 | 41722 | 0 |
| TEXAS VENTURES ACQ 31 | RT | G8772L113 |  | 195000 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| TEXAS VENTURES ACQUISITION A | COM | G8772L105 |  | 10080000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| THAYER VENTURES ACQUISITION | COM | G87890128 |  | 17797500 | 1750000 | SH |  | SOLE |  | 1750000 | 0 | 0 |
| Titan Acquisition Corp 30 | RT | G8901A111 |  | 231000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| TITAN ACQUISITION CORP CL A | COM | G8901A103 |  | 12078000 | 1200000 | SH |  | SOLE |  | 1200000 | 0 | 0 |
| TOPGOLF CALL BRAN CORP 2.75 05/01/2026 | SDBCV | 131193AE4 |  | 85237606 | 87703000 | PRN |  | SOLE |  | 83763000 | 3940000 | 0 |
| TRANSLATIONAL DEV A CW26 | RT | G9008W113 |  | 92520 | 299999 | SH |  | SOLE |  | 283004 | 16995 | 0 |
| TRANSLATIONAL DEVELOPMENT AC | COM | G9008W105 |  | 6180000 | 600000 | SH |  | SOLE |  | 566009 | 33991 | 0 |
| TRANSMEDICS GROUP INC 1.5 06/01/2028 | SDBCV | 89377MAB5 |  | 291079209 | 181374000 | PRN |  | SOLE |  | 173366000 | 8008000 | 0 |
| TRAVERE THERAPEUTICS INC 2.25 03/01/2029 | SDBCV | 89422GAA5 |  | 89727958 | 94068000 | PRN |  | SOLE |  | 89805000 | 4263000 | 0 |
| TRIP COM GROUP LTD 0.75 06/15/2029 144A | SDBCV | 89677QAB3 |  | 402402873 | 362635000 | PRN |  | SOLE |  | 341132000 | 21503000 | 0 |
| UCOMMUNE INTERNATIONAL CW25 | RT | G9449A118 |  | 1558 | 207680 | SH |  | SOLE |  | 200270 | 7410 | 0 |
| UPSTART HOLDINGS INC 0.25 08/15/2026 | SDBCV | 91680MAB3 |  | 59185477 | 62463000 | PRN |  | SOLE |  | 59562278 | 2900722 | 0 |
| UPWORK INC 0.25 08/15/2026 | SDBCV | 91688FAB0 |  | 33233212 | 35244000 | PRN |  | SOLE |  | 33310000 | 1934000 | 0 |
| USA RARE EARTH INC W EXP 08/31/202 | RT | 91733P115 |  | 4467511 | 1889011 | SH |  | SOLE |  | 1803959 | 85052 | 0 |
| VEECO INSTRUMENTS INC 2.875 06/01/2029 | SDBCV | 922417AJ9 |  | 96501563 | 90825000 | PRN |  | SOLE |  | 84995000 | 5830000 | 0 |
| VINE HILL CAPITAL CLASS A | COM | G93Y09107 |  | 4684500 | 450000 | SH |  | SOLE |  | 423495 | 26505 | 0 |
| VINE HILL CAPITAL CLASS A 2 | RT | G93Y09115 |  | 59647 | 224999 | SH |  | SOLE |  | 211747 | 13252 | 0 |
| VISHAY INTERTECHNOLOGY 2.25 09/15/2030 | SDBCV | 928298AR9 |  | 173341400 | 192690000 | PRN |  | SOLE |  | 183347000 | 9343000 | 0 |
| VSEE HEALTH INC CW23 | RT | 92919Y110 |  | 23450 | 500000 | SH |  | SOLE |  | 467906 | 32094 | 0 |
| WAYFAIR INC 3.25 09/15/2027 | SDBCV | 94419LAP6 |  | 25482926 | 22367000 | PRN |  | SOLE |  | 21311000 | 1056000 | 0 |
| WAYFAIR INC 3.5 11/15/2028 | SDBCV | 94419LAR2 |  | 56917995 | 42100000 | PRN |  | SOLE |  | 40040000 | 2060000 | 0 |
| WEBULL CORP 30 | RT | G9572D111 |  | 434700 | 108000 | SH |  | SOLE |  | 101531 | 6469 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 24529097 | 235404 | SH |  | SOLE |  | 229254 | 6150 | 0 |
| WEIBO CORP 1.375 12/01/2030 | SDBCV | 948596AJ0 |  | 90541925 | 80676000 | PRN |  | SOLE |  | 76185000 | 4491000 | 0 |
| WEN ACQUISITION CORP | COM | G9R39C129 |  | 9540000 | 900000 | SH |  | SOLE |  | 853770 | 46230 | 0 |
| WESTERN DIGITAL CORP 3 11/15/2028 | SDBCV | 958102AT2 |  | 82518317 | 45952000 | PRN |  | SOLE |  | 38216000 | 7736000 | 0 |
| WILLOW LANE ACQUISITION 29 | RT | G9675P110 |  | 82854 | 212500 | SH |  | SOLE |  | 212500 | 0 | 0 |
| WILLOW LANE ACQUISITION CL A | COM | G9675P102 |  | 4347750 | 425000 | SH |  | SOLE |  | 425000 | 0 | 0 |
| WINNEBAGO INDUSTRIES 3.25 01/15/2030 | SDBCV | 974637AF7 |  | 77334491 | 89479000 | PRN |  | SOLE |  | 85137000 | 4342000 | 0 |
| WINTERGREEN ACQUISITION CORP | COM | G9717M125 |  | 4032000 | 400000 | SH |  | SOLE |  | 379453 | 20547 | 0 |
| WORKIVA INC 1.25 08/15/2028 | SDBCV | 98139AAD7 |  | 93691840 | 100775000 | PRN |  | SOLE |  | 95831000 | 4944000 | 0 |
| XBP EUROPE HOLDINGS INC CW27 | RT | 98400V119 |  | 43790 | 1040133 | SH |  | SOLE |  | 978398 | 61735 | 0 |
| XOMETRY INC 1 02/01/2027 | SDBCV | 98423FAB5 |  | 12772352 | 12500000 | PRN |  | SOLE |  | 11910000 | 590000 | 0 |
| YORKVILLE ACQUISITION CORP | COM | G98659108 |  | 2812500 | 250000 | SH |  | SOLE |  | 236913 | 13087 | 0 |
| ZIFF DAVIS INC 3.625 03/01/2028 144A | SDBCV | 48123VAH5 |  | 42721794 | 45586000 | PRN |  | SOLE |  | 43408000 | 2178000 | 0 |
| ZOOZ POWER LTD 29 | RT | M2573A197 |  | 14739 | 254999 | SH |  | SOLE |  | 238129 | 16870 | 0 |
| ZTO EXPRESS KY INC 1.5 09/01/2027 | SDBCV | 98980AAB1 |  | 322569711 | 324304000 | PRN |  | SOLE |  | 309809000 | 14495000 | 0 |

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