# EDGAR Filing Document

**Accession Number:** 0001856405
**File Stem:** 0000905148-25-002945
**Filing Date:** 2025-8
**Character Count:** 27474
**Document Hash:** 371197efe235b6831e41fc884fae4d37
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000905148-25-002945.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000905148-25-002945

**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:** SONA ASSET MANAGEMENT (US) LLC
- **CENTRAL INDEX KEY:** 0001856405

**ORGANIZATION NAME:**
- **EIN:** 815123428
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21820
- **FILM NUMBER:** 251219827

**BUSINESS ADDRESS:**
- **STREET 1:** 730 3RD AVENUE
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 646-779-6300

**MAIL ADDRESS:**
- **STREET 1:** 730 3RD AVENUE
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### 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:** SONA ASSET MANAGEMENT (US) LLC<br>**Address:** 730 3RD AVENUE<br>26TH FLOOR<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-21820

**CRD Number (if applicable):** 000291738

**SEC File Number (if applicable):** 801-112410

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:** John P. Berkery<br>**Title:** CCO/COO<br>**Phone:** 646-779-6300

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

/s/ John P. Berkery  New York, NY  08-14-2025<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:** 2

**Form 13F Information Table Entry Total:** 228

**Form 13F Information Table Value Total:** $3558024720

      (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   |
|:---|:---|:---|
|  | Paloma Partners Management Co  | 028-05431              |
|  | SONA ASSET MANAGEMENT (UK) LLP | 028-21819              |

### 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 |  | 3518457 | 3645000 | PRN |  | OTR | 12 | 0 | 3645000 | 0 |
| AIRBNB INC | NOTE3/1 | 009066AB7 |  | 113763428 | 117855000 | PRN |  | OTR | 2 | 0 | 117855000 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 |  | 1122175 | 1180000 | PRN |  | OTR | 12 | 0 | 1180000 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 |  | 26932207 | 28320000 | PRN |  | OTR | 2 | 0 | 28320000 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 310517 | 2738 | SH |  | OTR | 12 | 0 | 2738 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 8102918 | 71448 | SH |  | OTR | 2 | 0 | 71448 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 |  | 4065589 | 3187000 | PRN |  | OTR | 12 | 0 | 3187000 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 |  | 130264685 | 102114000 | PRN |  | OTR | 2 | 0 | 102114000 | 0 |
| ALTICE USA INC | CL A | 02156K103 |  | 406844 | 190114 | SH |  | OTR | 12 | 0 | 190114 | 0 |
| ALTICE USA INC | CL A | 02156K103 |  | 9764236 | 4562727 | SH |  | OTR | 2 | 0 | 4562727 | 0 |
| AMC NETWORKS INC | CL A | 00164V103 |  | 60938 | 9719 | SH |  | OTR | 12 | 0 | 9719 | 0 |
| AMC NETWORKS INC | CL A | 00164V103 |  | 1970385 | 314256 | SH |  | OTR | 2 | 0 | 314256 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 42274 | 4600 | SH | Call | OTR | 12 | 0 | 4600 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 1003548 | 109200 | SH | Call | OTR | 2 | 0 | 109200 | 0 |
| AMEDISYS INC | COM | 023436108 |  | 787120 | 8000 | SH | Put | OTR | 12 | 0 | 8000 | 0 |
| AMEDISYS INC | COM | 023436108 |  | 18890880 | 192000 | SH | Put | OTR | 2 | 0 | 192000 | 0 |
| AMERICAN AIRLINES GROUP INC | NOTE 6.500% 7/0 | 02376RAF9 |  | 3535000 | 3535000 | PRN |  | OTR | 12 | 0 | 3535000 | 0 |
| AMERICAN AIRLINES GROUP INC | NOTE 6.500% 7/0 | 02376RAF9 |  | 56711000 | 56711000 | PRN |  | OTR | 2 | 0 | 56711000 | 0 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 339048 | 83100 | SH | Call | OTR | 12 | 0 | 83100 | 0 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 8133888 | 1993600 | SH | Call | OTR | 2 | 0 | 1993600 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 6297178 | 83650 | SH |  | OTR | 12 | 0 | 83650 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 151790963 | 2016350 | SH |  | OTR | 2 | 0 | 2016350 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 794277 | 11300 | SH | Put | OTR | 12 | 0 | 11300 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 25564473 | 363700 | SH | Put | OTR | 2 | 0 | 363700 | 0 |
| BAUSCH PLUS LOMB CORP | COMMON SHARES | 071705107 |  | 531198 | 40830 | SH |  | OTR | 12 | 0 | 40830 | 0 |
| BAUSCH PLUS LOMB CORP | COMMON SHARES | 071705107 |  | 12748759 | 979920 | SH |  | OTR | 2 | 0 | 979920 | 0 |
| BRIDGEBIO PHARMA INC | NOTE 2.250% 2/0 | 10806XAD4 |  | 1057808 | 1129000 | PRN |  | OTR | 12 | 0 | 1129000 | 0 |
| BRIDGEBIO PHARMA INC | NOTE 2.250% 2/0 | 10806XAD4 |  | 28202891 | 30101000 | PRN |  | OTR | 2 | 0 | 30101000 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 437206 | 15400 | SH |  | OTR | 12 | 0 | 15400 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 11770494 | 414600 | SH |  | OTR | 2 | 0 | 414600 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 478784 | 6450 | SH |  | OTR | 12 | 0 | 6450 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 13439342 | 181050 | SH |  | OTR | 2 | 0 | 181050 | 0 |
| CENTERPOINT ENERGY INC | NOTE 4.250% 8/1 | 15189TBD8 |  | 433780 | 400000 | PRN |  | OTR | 12 | 0 | 400000 | 0 |
| CENTERPOINT ENERGY INC | NOTE 4.250% 8/1 | 15189TBD8 |  | 10410730 | 9600000 | PRN |  | OTR | 2 | 0 | 9600000 | 0 |
| CLOUDFLARE INC | NOTE8/1 | 18915MAC1 |  | 422142 | 356000 | PRN |  | OTR | 12 | 0 | 356000 | 0 |
| CLOUDFLARE INC | NOTE8/1 | 18915MAC1 |  | 13667427 | 11526000 | PRN |  | OTR | 2 | 0 | 11526000 | 0 |
| COHEN CIRCLE ACQUISITION COR | SHS CL A | G3730H106 |  | 661634 | 60313 | SH |  | OTR | 12 | 0 | 60313 | 0 |
| COHEN CIRCLE ACQUISITION COR | SHS CL A | G3730H106 |  | 15879086 | 1447501 | SH |  | OTR | 2 | 0 | 1447501 | 0 |
| COHEN CIRCLE ACQUISITION COR | SHS CL A | G3730H106 |  | 3852872 | 351219 | SH |  | OTR | 2 | 0 | 0 | 351219 |
| COHEN CIRCLE ACQUISITION COR | *W EXP 01/31/202 | G3730H114 |  | 2000 | 1000 | SH |  | OTR | 12 | 0 | 1000 | 0 |
| COHEN CIRCLE ACQUISITION COR | *W EXP 01/31/202 | G3730H114 |  | 48000 | 24000 | SH |  | OTR | 2 | 0 | 24000 | 0 |
| COINBASE GLOBAL INC | NOTE 0.500% 6/0 | 19260QAB3 |  | 1066634 | 920000 | PRN |  | OTR | 12 | 0 | 920000 | 0 |
| COINBASE GLOBAL INC | NOTE 0.500% 6/0 | 19260QAB3 |  | 25599221 | 22080000 | PRN |  | OTR | 2 | 0 | 22080000 | 0 |
| COMPASS DIVERSIFIED | SH BEN INT | 20451Q104 |  | 50868 | 8100 | SH | Put | OTR | 12 | 0 | 8100 | 0 |
| COMPASS DIVERSIFIED | SH BEN INT | 20451Q104 |  | 1223972 | 194900 | SH | Put | OTR | 2 | 0 | 194900 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 236078 | 13830 | SH |  | OTR | 12 | 0 | 13830 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 7633192 | 447170 | SH |  | OTR | 2 | 0 | 447170 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 77352 | 600 | SH |  | OTR | 12 | 0 | 600 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 2501048 | 19400 | SH |  | OTR | 2 | 0 | 19400 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 67971 | 506 | SH |  | OTR | 12 | 0 | 506 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 2079966 | 15484 | SH |  | OTR | 2 | 0 | 15484 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 1086126 | 1155000 | PRN |  | OTR | 12 | 0 | 1155000 | 0 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 |  | 35118080 | 37345000 | PRN |  | OTR | 2 | 0 | 37345000 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 237089 | 1360 | SH |  | OTR | 12 | 0 | 1360 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 4504687 | 25840 | SH |  | OTR | 2 | 0 | 25840 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 68628 | 600 | SH |  | OTR | 12 | 0 | 600 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2218972 | 19400 | SH |  | OTR | 2 | 0 | 19400 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 118848 | 1200 | SH |  | OTR | 12 | 0 | 1200 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 3842752 | 38800 | SH |  | OTR | 2 | 0 | 38800 | 0 |
| DRAFTKINGS INC NEW | NOTE3/1 | 26142RAB0 |  | 818520 | 912000 | PRN |  | OTR | 12 | 0 | 912000 | 0 |
| DRAFTKINGS INC NEW | NOTE3/1 | 26142RAB0 |  | 26465480 | 29488000 | PRN |  | OTR | 2 | 0 | 29488000 | 0 |
| DROPBOX INC | NOTE3/0 | 26210CAC8 |  | 554384 | 560000 | PRN |  | OTR | 12 | 0 | 560000 | 0 |
| DROPBOX INC | NOTE3/0 | 26210CAC8 |  | 13305224 | 13440000 | PRN |  | OTR | 2 | 0 | 13440000 | 0 |
| DROPBOX INC | NOTE3/0 | 26210CAD6 |  | 588513 | 580000 | PRN |  | OTR | 12 | 0 | 580000 | 0 |
| DROPBOX INC | NOTE3/0 | 26210CAD6 |  | 14124304 | 13920000 | PRN |  | OTR | 2 | 0 | 13920000 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 53100 | 6000 | SH |  | OTR | 12 | 0 | 6000 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 1716900 | 194000 | SH |  | OTR | 2 | 0 | 194000 | 0 |
| EHEALTH INC | COM | 28238P109 |  | 40468 | 9303 | SH |  | OTR | 12 | 0 | 9303 | 0 |
| EHEALTH INC | COM | 28238P109 |  | 971294 | 223286 | SH |  | OTR | 2 | 0 | 223286 | 0 |
| EQT CORP | COM | 26884L109 |  | 69984 | 1200 | SH |  | OTR | 12 | 0 | 1200 | 0 |
| EQT CORP | COM | 26884L109 |  | 2262816 | 38800 | SH |  | OTR | 2 | 0 | 38800 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/1 | 30063PAB1 |  | 538184 | 563000 | PRN |  | OTR | 12 | 0 | 563000 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/1 | 30063PAB1 |  | 12127782 | 12687000 | PRN |  | OTR | 2 | 0 | 12687000 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 |  | 267916 | 293000 | PRN |  | OTR | 12 | 0 | 293000 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/0 | 30063PAC9 |  | 8647386 | 9457000 | PRN |  | OTR | 2 | 0 | 9457000 | 0 |
| FISCALNOTE HOLDINGS INC | COM CL A | 337655104 |  | 2146 | 4000 | SH | Call | OTR | 12 | 0 | 4000 | 0 |
| FISCALNOTE HOLDINGS INC | COM CL A | 337655104 |  | 51494 | 96000 | SH | Call | OTR | 2 | 0 | 96000 | 0 |
| FISCALNOTE HOLDINGS INC | *W EXP 07/29/202 | 337655112 |  | 596 | 6000 | SH |  | OTR | 12 | 0 | 6000 | 0 |
| FISCALNOTE HOLDINGS INC | *W EXP 07/29/202 | 337655112 |  | 14314 | 144000 | SH |  | OTR | 2 | 0 | 144000 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 525749 | 400000 | PRN |  | OTR | 12 | 0 | 400000 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 12617981 | 9600000 | PRN |  | OTR | 2 | 0 | 9600000 | 0 |
| FORD MTR CO | NOTE3/1 | 345370CZ1 |  | 4190193 | 4240000 | PRN |  | OTR | 12 | 0 | 4240000 | 0 |
| FORD MTR CO | NOTE3/1 | 345370CZ1 |  | 100564625 | 101760000 | PRN |  | OTR | 2 | 0 | 101760000 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 1575356 | 43279 | SH |  | OTR | 12 | 0 | 43279 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 50936668 | 1399359 | SH |  | OTR | 2 | 0 | 1399359 | 0 |
| GLOBAL X FDS | GB MSCI AR ETF | 37950E259 |  | 91508 | 1080 | SH |  | OTR | 12 | 0 | 1080 | 0 |
| GLOBAL X FDS | GB MSCI AR ETF | 37950E259 |  | 2196202 | 25920 | SH |  | OTR | 2 | 0 | 25920 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 174645 | 4500 | SH |  | OTR | 12 | 0 | 4500 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 5646855 | 145500 | SH |  | OTR | 2 | 0 | 145500 | 0 |
| GREENFIRE RES LTD NEW | COM SHS | 39525U107 |  | 871756 | 195461 | SH |  | OTR | 12 | 0 | 195461 | 0 |
| GREENFIRE RES LTD NEW | COM SHS | 39525U107 |  | 4291804 | 962288 | SH |  | OTR | 2 | 0 | 962288 | 0 |
| HERTZ GLOBAL HLDGS INC | *W EXP 06/30/205 | 42806J148 |  | 36500 | 10000 | SH |  | OTR | 12 | 0 | 10000 | 0 |
| HERTZ GLOBAL HLDGS INC | *W EXP 06/30/205 | 42806J148 |  | 693500 | 190000 | SH |  | OTR | 2 | 0 | 190000 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 76688 | 3750 | SH |  | OTR | 12 | 0 | 3750 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 2479563 | 121250 | SH |  | OTR | 2 | 0 | 121250 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 2836124 | 48000 | SH |  | OTR | 12 | 0 | 48000 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 68066975 | 1152000 | SH |  | OTR | 2 | 0 | 1152000 | 0 |
| IHS HOLDING LIMITED | ORD SHS | G4701H109 |  | 400915 | 72107 | SH |  | OTR | 12 | 0 | 72107 | 0 |
| IHS HOLDING LIMITED | ORD SHS | G4701H109 |  | 9621953 | 1730567 | SH |  | OTR | 2 | 0 | 1730567 | 0 |
| INTEL CORP | COM | 458140100 |  | 172928 | 7720 | SH |  | OTR | 12 | 0 | 7720 | 0 |
| INTEL CORP | COM | 458140100 |  | 4150272 | 185280 | SH |  | OTR | 2 | 0 | 185280 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1875576 | 3400 | SH | Call | OTR | 12 | 0 | 3400 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 59742612 | 108300 | SH | Call | OTR | 2 | 0 | 108300 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 86550 | 3000 | SH |  | OTR | 12 | 0 | 3000 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 2798450 | 97000 | SH |  | OTR | 2 | 0 | 97000 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 79676 | 1110 | SH |  | OTR | 12 | 0 | 1110 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 2576184 | 35890 | SH |  | OTR | 2 | 0 | 35890 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 72672 | 1200 | SH |  | OTR | 12 | 0 | 1200 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 2349728 | 38800 | SH |  | OTR | 2 | 0 | 38800 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 21479504 | 195963 | SH |  | OTR | 12 | 0 | 195963 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 611418720 | 5578129 | SH |  | OTR | 2 | 0 | 5578129 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1111950 | 12600 | SH | Call | OTR | 12 | 0 | 12600 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1314925 | 14900 | SH | Put | OTR | 12 | 0 | 14900 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 35953050 | 407400 | SH | Call | OTR | 2 | 0 | 407400 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 42501200 | 481600 | SH | Put | OTR | 2 | 0 | 481600 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2777330 | 29000 | SH |  | OTR | 12 | 0 | 29000 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 1436550 | 15000 | SH | Put | OTR | 12 | 0 | 15000 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 66655920 | 696000 | SH |  | OTR | 2 | 0 | 696000 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 46448450 | 485000 | SH | Put | OTR | 2 | 0 | 485000 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 863160 | 4000 | SH | Put | OTR | 12 | 0 | 4000 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 20715840 | 96000 | SH | Put | OTR | 2 | 0 | 96000 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 5145470 | 63800 | SH | Put | OTR | 12 | 0 | 63800 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 166155130 | 2060200 | SH | Put | OTR | 2 | 0 | 2060200 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 5349864 | 101400 | SH |  | OTR | 12 | 0 | 101400 | 0 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 128396736 | 2433600 | SH |  | OTR | 2 | 0 | 2433600 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 1294845 | 1280000 | PRN |  | OTR | 12 | 0 | 1280000 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 43721266 | 43220000 | PRN |  | OTR | 2 | 0 | 43220000 | 0 |
| KENVUE INC | COM | 49177J102 |  | 62790 | 3000 | SH | Call | OTR | 12 | 0 | 3000 | 0 |
| KENVUE INC | COM | 49177J102 |  | 2030210 | 97000 | SH | Call | OTR | 2 | 0 | 97000 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 76321 | 690 | SH |  | OTR | 12 | 0 | 690 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 2467709 | 22310 | SH |  | OTR | 2 | 0 | 22310 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 220159 | 2316 | SH |  | OTR | 12 | 0 | 2316 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 7118473 | 74884 | SH |  | OTR | 2 | 0 | 74884 | 0 |
| MICROCHIP TECHNOLOGY INC. | NOTE 0.750% 6/0 | 595017BG8 |  | 1106296 | 1125000 | PRN |  | OTR | 12 | 0 | 1125000 | 0 |
| MICROCHIP TECHNOLOGY INC. | NOTE 0.750% 6/0 | 595017BG8 |  | 35770229 | 36375000 | PRN |  | OTR | 2 | 0 | 36375000 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 110925 | 900 | SH |  | OTR | 12 | 0 | 900 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3586575 | 29100 | SH |  | OTR | 2 | 0 | 29100 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 298446 | 600 | SH |  | OTR | 12 | 0 | 600 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9649754 | 19400 | SH |  | OTR | 2 | 0 | 19400 | 0 |
| MIDDLEBY CORP | NOTE 1.000% 9/0 | 596278AB7 |  | 1573814 | 1400000 | PRN |  | OTR | 12 | 0 | 1400000 | 0 |
| MIDDLEBY CORP | NOTE 1.000% 9/0 | 596278AB7 |  | 43392306 | 38600000 | PRN |  | OTR | 2 | 0 | 38600000 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 202813 | 9420 | SH |  | OTR | 12 | 0 | 9420 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 6557607 | 304580 | SH |  | OTR | 2 | 0 | 304580 | 0 |
| NATIONAL VISION HLDGS INC | COM | 63845R107 |  | 69030 | 3000 | SH |  | OTR | 12 | 0 | 3000 | 0 |
| NATIONAL VISION HLDGS INC | COM | 63845R107 |  | 2231970 | 97000 | SH |  | OTR | 2 | 0 | 97000 | 0 |
| NCL CORP LTD | NOTE 2.500% 2/1 | 62886HBK6 |  | 2412789 | 2411000 | PRN |  | OTR | 12 | 0 | 2411000 | 0 |
| NCL CORP LTD | NOTE 2.500% 2/1 | 62886HBK6 |  | 57906935 | 57864000 | PRN |  | OTR | 2 | 0 | 57864000 | 0 |
| NEXTERA ENERGY INC | UNIT 11/01/2027 | 65339F119 |  | 464332 | 10500 | SH |  | OTR | 12 | 0 | 10500 | 0 |
| NEXTERA ENERGY INC | UNIT 11/01/2027 | 65339F119 |  | 15013392 | 339500 | SH |  | OTR | 2 | 0 | 339500 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 283327 | 6000 | SH |  | OTR | 12 | 0 | 6000 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 9160905 | 194000 | SH |  | OTR | 2 | 0 | 194000 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 |  | 294926 | 19403 | SH |  | OTR | 12 | 0 | 19403 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 |  | 8447020 | 555725 | SH |  | OTR | 2 | 0 | 555725 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 236985 | 1500 | SH |  | OTR | 12 | 0 | 1500 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7662515 | 48500 | SH |  | OTR | 2 | 0 | 48500 | 0 |
| ON SEMICONDUCTOR CORP | NOTE5/0 | 682189AS4 |  | 426703 | 360000 | PRN |  | OTR | 12 | 0 | 360000 | 0 |
| ON SEMICONDUCTOR CORP | NOTE5/0 | 682189AS4 |  | 10240871 | 8640000 | PRN |  | OTR | 2 | 0 | 8640000 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 3295951 | 3555000 | PRN |  | OTR | 12 | 0 | 3555000 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 106569073 | 114945000 | PRN |  | OTR | 2 | 0 | 114945000 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 143136 | 1050 | SH |  | OTR | 12 | 0 | 1050 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 4628064 | 33950 | SH |  | OTR | 2 | 0 | 33950 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 10550 | 147 | SH |  | OTR | 12 | 0 | 147 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 342486 | 4772 | SH |  | OTR | 2 | 0 | 4772 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 87013 | 75000 | PRN |  | OTR | 12 | 0 | 75000 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 2813417 | 2425000 | PRN |  | OTR | 2 | 0 | 2425000 | 0 |
| RH | COM | 74967X103 |  | 30620 | 162 | SH |  | OTR | 12 | 0 | 162 | 0 |
| RH | COM | 74967X103 |  | 990034 | 5238 | SH |  | OTR | 2 | 0 | 5238 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 148949 | 1032 | SH |  | OTR | 12 | 0 | 1032 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 4816003 | 33368 | SH |  | OTR | 2 | 0 | 33368 | 0 |
| SHIFT4 PMTS INC | 6 SER A CNV PREF | 82452J307 |  | 1522633 | 13200 | SH |  | OTR | 12 | 0 | 13200 | 0 |
| SHIFT4 PMTS INC | 6 SER A CNV PREF | 82452J307 |  | 49231789 | 426800 | SH |  | OTR | 2 | 0 | 426800 | 0 |
| SHOPIFY INC | NOTE 0.125%11/0 | 82509LAA5 |  | 2225189 | 2193000 | PRN |  | OTR | 12 | 0 | 2193000 | 0 |
| SHOPIFY INC | NOTE 0.125%11/0 | 82509LAA5 |  | 71954876 | 70914000 | PRN |  | OTR | 2 | 0 | 70914000 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 582665 | 9234 | SH |  | OTR | 12 | 0 | 9234 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 18837559 | 298535 | SH |  | OTR | 2 | 0 | 298535 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2194776 | 7200 | SH | Put | OTR | 12 | 0 | 7200 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 914490 | 3000 | SH | Call | OTR | 12 | 0 | 3000 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 67916124 | 222800 | SH | Put | OTR | 2 | 0 | 222800 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 29568510 | 97000 | SH | Call | OTR | 2 | 0 | 97000 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 926775 | 1500 | SH | Put | OTR | 12 | 0 | 1500 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 28421100 | 46000 | SH | Put | OTR | 2 | 0 | 46000 | 0 |
| SPOTIFY USA INC | NOTE3/1 | 84921RAB6 |  | 871839 | 575000 | PRN |  | OTR | 12 | 0 | 575000 | 0 |
| SPOTIFY USA INC | NOTE3/1 | 84921RAB6 |  | 28182371 | 18587000 | PRN |  | OTR | 2 | 0 | 18587000 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 307608 | 600 | SH | Call | OTR | 12 | 0 | 600 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 7382592 | 14400 | SH | Call | OTR | 2 | 0 | 14400 | 0 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 13378 | 376 | SH |  | OTR | 12 | 0 | 376 | 0 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 321003 | 9022 | SH |  | OTR | 2 | 0 | 9022 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 354184 | 80864 | SH |  | OTR | 12 | 0 | 80864 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 11451935 | 2614597 | SH |  | OTR | 2 | 0 | 2614597 | 0 |
| TH INTERNATIONAL LIMITED | SHS NEW | G8656L130 |  | 296500 | 100000 | SH |  | OTR | 2 | 0 | 100000 | 0 |
| THE REALREAL INC | DEBT 4.000% 2/1 | 88339PAJ0 |  | 711886 | 904000 | PRN |  | OTR | 12 | 0 | 904000 | 0 |
| THE REALREAL INC | DEBT 4.000% 2/1 | 88339PAJ0 |  | 17082890 | 21693000 | PRN |  | OTR | 2 | 0 | 21693000 | 0 |
| TIMKEN CO | COM | 887389104 |  | 40628 | 560 | SH |  | OTR | 12 | 0 | 560 | 0 |
| TIMKEN CO | COM | 887389104 |  | 975072 | 13440 | SH |  | OTR | 2 | 0 | 13440 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 86356 | 8000 | SH |  | OTR | 12 | 0 | 8000 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 2072544 | 192000 | SH |  | OTR | 2 | 0 | 192000 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 62640 | 4800 | SH | Call | OTR | 12 | 0 | 4800 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 1503360 | 115200 | SH | Call | OTR | 2 | 0 | 115200 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 1563218 | 27756 | SH |  | OTR | 12 | 0 | 27756 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 50543990 | 897443 | SH |  | OTR | 2 | 0 | 897443 | 0 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 333008 | 270000 | PRN |  | OTR | 12 | 0 | 270000 | 0 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 10767259 | 8730000 | PRN |  | OTR | 2 | 0 | 8730000 | 0 |
| UBER TECHNOLOGIES INC | NOTE12/1 | 90353TAJ9 |  | 3472004 | 2894000 | PRN |  | OTR | 12 | 0 | 2894000 | 0 |
| UBER TECHNOLOGIES INC | NOTE12/1 | 90353TAJ9 |  | 112248670 | 93562000 | PRN |  | OTR | 2 | 0 | 93562000 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 343167 | 1100 | SH | Call | OTR | 12 | 0 | 1100 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 187182 | 600 | SH |  | OTR | 12 | 0 | 600 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 10575783 | 33900 | SH | Call | OTR | 2 | 0 | 33900 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6052218 | 19400 | SH |  | OTR | 2 | 0 | 19400 | 0 |
| UNITI GROUP INC | COM | 91325V108 |  | 265654 | 61494 | SH |  | OTR | 12 | 0 | 61494 | 0 |
| UNITI GROUP INC | COM | 91325V108 |  | 6375698 | 1475856 | SH |  | OTR | 2 | 0 | 1475856 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 149362 | 6172 | SH |  | OTR | 12 | 0 | 6172 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 3584335 | 148113 | SH |  | OTR | 2 | 0 | 148113 | 0 |
| V F CORP | COM | 918204108 |  | 220054 | 18728 | SH |  | OTR | 12 | 0 | 18728 | 0 |
| V F CORP | COM | 918204108 |  | 5333302 | 453898 | SH |  | OTR | 2 | 0 | 453898 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 4146000 | 50000 | SH |  | OTR | 12 | 0 | 50000 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 99504000 | 1200000 | SH |  | OTR | 2 | 0 | 1200000 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 248535 | 700 | SH | Put | OTR | 12 | 0 | 700 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 7633575 | 21500 | SH | Put | OTR | 2 | 0 | 21500 | 0 |
| VROOM INC | COM NEW | 92918V307 |  | 82479 | 2893 | SH |  | OTR | 12 | 0 | 2893 | 0 |
| VROOM INC | COM NEW | 92918V307 |  | 330117 | 11579 | SH |  | OTR | 2 | 0 | 11579 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 266342 | 23241 | SH |  | OTR | 12 | 0 | 23241 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 8611720 | 751459 | SH |  | OTR | 2 | 0 | 751459 | 0 |
| WAYFAIR INC | NOTE 1.000% 8/1 | 94419LAF8 |  | 214307 | 225000 | PRN |  | OTR | 12 | 0 | 225000 | 0 |
| WAYFAIR INC | NOTE 1.000% 8/1 | 94419LAF8 |  | 6929256 | 7275000 | PRN |  | OTR | 2 | 0 | 7275000 | 0 |
| WAYFAIR INC | NOTE 3.500%11/1 | 94419LAR2 |  | 2125794 | 1574000 | PRN |  | OTR | 12 | 0 | 1574000 | 0 |
| WAYFAIR INC | NOTE 3.500%11/1 | 94419LAR2 |  | 51019057 | 37776000 | PRN |  | OTR | 2 | 0 | 37776000 | 0 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 1884761 | 1050000 | PRN |  | OTR | 12 | 0 | 1050000 | 0 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 60940590 | 33950000 | PRN |  | OTR | 2 | 0 | 33950000 | 0 |

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