# EDGAR Filing Document

**Accession Number:** 0001444949
**File Stem:** 0001444949-26-000008
**Filing Date:** 2026-5
**Character Count:** 17027
**Document Hash:** 3c90d0d20ddb74d59449fe27fc2b37db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001444949-26-000008.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001444949-26-000008

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SUSQUEHANNA ADVISORS GROUP, INC.
- **CENTRAL INDEX KEY:** 0001444949

**ORGANIZATION NAME:**
- **EIN:** 232572974

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13217
- **FILM NUMBER:** 26982430

**BUSINESS ADDRESS:**
- **STREET 1:** 401 CITY AVENUE
- **STREET 2:** SUITE 220
- **CITY:** BALA CYNWYD
- **STATE:** PA
- **ZIP:** 19004
- **BUSINESS PHONE:** 610-617-2600

**MAIL ADDRESS:**
- **STREET 1:** 401 CITY AVENUE
- **STREET 2:** SUITE 220
- **CITY:** BALA CYNWYD
- **STATE:** PA
- **ZIP:** 19004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Susquehanna Advisors Group, Inc.
- **DATE OF NAME CHANGE:** 20080911

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** SUSQUEHANNA ADVISORS GROUP INC.<br>**Address:** 401 CITY AVENUE<br>SUITE 220<br>BALA CYNWYD, PA 19004

**Form 13F File Number:** 028-13217

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:** Brian Sopinsky<br>**Title:** Assistant Secretary<br>**Phone:** 610-617-2600

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

Brian Sopinsky  BALA CYNWYD, PA  05-15-2026<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:** 3

**Form 13F Information Table Entry Total:** 127

**Form 13F Information Table Value Total:** $3047692132

      (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   |
|:---|:---|:---|
|  | CAPITAL VENTURES INTERNATIONAL | 028-13219              |
|  | CVI Opportunities Fund I LLLP  | 028-16682              |
|  | Susquehanna Foundation         | 028-18766              |

### 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 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 1027711 | 81694 | SH |  | OTR | 5 | 81694 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 3811101 | 20820 | SH |  | OTR | 5 | 20820 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 18236800 | 160000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 7905462 | 38947 | SH |  | OTR | 5 | 38947 | 0 | 0 |
| ALBEMARLE CORP | 7.25% DEP SHS A | 012653200 |  | 64665000 | 900000 | SH |  | OTR | 5 | 900000 | 0 | 0 |
| ALGONQUIN POWER  UTILITIES | COM | 015857105 |  | 2372496 | 386400 | SH |  | OTR | 5 | 386400 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE  0.500% 6/0 | 01609WBG6 |  | 1222274 | 90155000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| ALIGNMENT HEALTHCARE INC | NOTE  4.250%11/1 | 01625VAB0 |  | 28176 | 2000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| ALLIED GOLD CORP | COM NEW | 01921D204 |  | 3310913 | 106666 | SH |  | OTR | 5 | 106666 | 0 | 0 |
| ALMONTY INDS INC | COM NEW | 020398707 |  | 2429744 | 167800 | SH |  | OTR | 5 | 167800 | 0 | 0 |
| AMERICAN WTR CAP CORP | NOTE  3.625% 6/1 | 03040WBE4 |  | 115994 | 11625000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 80382500 | 1375000 | SH |  | OTR | 5 | 1375000 | 0 | 0 |
| APPLIED DIGITAL CORP | NOTE  2.750% 6/0 | 038169AB4 |  | 78522401 | 29556000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 |  | 3618000 | 100000 | SH |  | OTR | 5 | 100000 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 |  | 3234626 | 23900 | SH |  | OTR | 5 | 23900 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 85320 | 15800 | SH |  | OTR | 5 | 15800 | 0 | 0 |
| BEYOND MEAT INC | DEBT        10/1 | 08862EAD1 |  | 4522 | 700000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| BITFARMS LTD | COM | 09173B107 |  | 83070 | 42600 | SH |  | OTR | 5 | 42600 | 0 | 0 |
| BLACKROCK TECH AND PRIVATE E | SHS BEN INT | 09260Q108 |  | 69960 | 10600 | SH |  | OTR | 5 | 10600 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 4020406 | 20200 | SH |  | OTR | 5 | 20200 | 0 | 0 |
| BRIDGEBIO PHARMA INC | NOTE  1.750% 3/0 | 10806XAJ1 |  | 127268 | 7500000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 |  | 3810783 | 78202 | SH |  | OTR | 5 | 78202 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 2836452 | 27600 | SH |  | OTR | 5 | 27600 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 7504164 | 95400 | SH |  | OTR | 5 | 95400 | 0 | 0 |
| CARNIVAL CORP | COMMON STOCK | 143658300 |  | 1041152 | 40230 | SH |  | OTR | 5 | 40230 | 0 | 0 |
| CENTERPOINT ENERGY INC | NOTE  4.250% 8/1 | 15189TBD8 |  | 59150 | 5000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| CHEESECAKE FACTORY INC | NOTE  2.000% 3/1 | 163072AC5 |  | 25375 | 2500000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 1635045 | 74219 | SH |  | OTR | 18 | 74219 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 1415229 | 64241 | SH |  | OTR | 5 | 64241 | 0 | 0 |
| CLOUDFLARE INC | NOTE         8/1 | 18915MAC1 |  | 58720 | 5000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 604394 | 32200 | SH |  | OTR | 5 | 32200 | 0 | 0 |
| COINBASE GLOBAL INC | NOTE  0.500% 6/0 | 19260QAB3 |  | 1397934 | 140935000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 3773407 | 516198 | SH |  | OTR | 5 | 516198 | 0 | 0 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 |  | 14484879 | 1072954 | SH |  | OTR | 5 | 1072954 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 9480000 | 50000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| DATADOG INC | NOTE        12/0 | 23804LAD5 |  | 45490 | 4714000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| DROPBOX INC | NOTE         3/0 | 26210CAD6 |  | 75848 | 8000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| ENLIGHT RENEWABLE ENERGY LTD | SHS | M4056D110 |  | 2483026 | 36376 | SH |  | OTR | 5 | 36376 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 20219476 | 1398304 | SH |  | OTR | 5 | 1398304 | 0 | 0 |
| EVERGY INC | NOTE  4.500%12/1 | 30034WAD8 |  | 105668 | 7836000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 7895597 | 71922 | SH |  | OTR | 5 | 71922 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 2410779 | 7123 | SH |  | OTR | 5 | 7123 | 0 | 0 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 532704 | 24800 | SH |  | OTR | 5 | 24800 | 0 | 0 |
| GALAXY DIGITAL INC. | CL A | 36317J209 |  | 1577475 | 85500 | SH |  | OTR | 5 | 85500 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 1266194 | 31427 | SH |  | OTR | 5 | 31427 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 278250 | 5000 | SH |  | OTR | 5 | 5000 | 0 | 0 |
| HERC HLDGS INC | COM | 42704L104 |  | 1892346 | 19009 | SH |  | OTR | 5 | 19009 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 |  | 56446250 | 875000 | SH |  | OTR | 5 | 875000 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 9585967 | 509350 | SH |  | OTR | 5 | 509350 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 2834215 | 21665 | SH |  | OTR | 5 | 21665 | 0 | 0 |
| INTEGER HLDGS CORP | NOTE  2.125% 2/1 | 45826HAB5 |  | 46221 | 3888000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 388974877 | 673923 | SH |  | OTR | 18 | 673923 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 227192 | 5918 | SH |  | OTR | 5 | 5918 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 59520000 | 240000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| JAMES HARDIE INDS PLC | ORD SHS | G4253H101 |  | 1420500 | 75000 | SH |  | OTR | 5 | 75000 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE  2.000% 6/1 | 472145AF8 |  | 157469 | 13000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| JBT MAREL CORPORATION | NOTE  0.250% 5/1 | 477839AB0 |  | 248275 | 25000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| LCI INDS | NOTE  3.000% 3/0 | 501812AD3 |  | 59970 | 5000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 5616000 | 195000 | SH |  | OTR | 5 | 195000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE  3.750% 3/1 | 531229AP7 |  | 51905 | 5000000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE  2.250% 8/1 | 531229AQ5 |  | 86580 | 7500000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE  3.125% 1/1 | 538034BA6 |  | 99797 | 6560000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 333108 | 474 | SH |  | OTR | 5 | 474 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE  1.500%12/1 | 55024UAH2 |  | 82292270 | 8160000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 3295908 | 95700 | SH |  | OTR | 5 | 95700 | 0 | 0 |
| MARRIOTT VACATIONS WORLDWIDE | NOTE  3.250%12/1 | 57164YAF4 |  | 33513 | 3500000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 132409900 | 265000 | SH |  | OTR | 5 | 265000 | 0 | 0 |
| MDA SPACE LTD | COM | 55293N109 |  | 435504 | 17200 | SH |  | OTR | 5 | 17200 | 0 | 0 |
| MKS INC. | NOTE  1.250% 6/0 | 55306NAB0 |  | 174651 | 10537000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| NEXTERA ENERGY CAP HLDGS INC | NOTE  3.000% 3/0 | 65339KCY4 |  | 1338145 | 96429000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 11/01/2027 | 65339F119 |  | 10508000 | 200000 | SH |  | OTR | 5 | 200000 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 02/15/2029 | 65339F655 |  | 67974903 | 1353273 | SH |  | OTR | 5 | 1353273 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 06/01/2027 | 65339F663 |  | 25750800 | 460000 | SH |  | OTR | 5 | 460000 | 0 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 |  | 88912986 | 5550124 | SH |  | OTR | 5 | 5550124 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 95076000 | 1800000 | SH |  | OTR | 5 | 1800000 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 95076000 | 1800000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 3675000 | 100000 | SH | Call | OTR | 5 | 0 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE  0.500% 3/0 | 682189AU9 |  | 404376 | 41500000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 1448202 | 65117 | SH |  | OTR | 5 | 65117 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 101505900 | 690000 | SH |  | OTR | 5 | 690000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 101505900 | 690000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| ORACLE CORP | 6.5 DEP CUM SR D | 68389X204 |  | 35557900 | 790000 | SH |  | OTR | 5 | 790000 | 0 | 0 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 975861 | 162915 | SH |  | OTR | 5 | 162915 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 1350143 | 22745 | SH |  | OTR | 5 | 22745 | 0 | 0 |
| P3 HEALTH PARTNERS INC | *W EXP 11/19/202 | 744413113 |  | 295 | 50000 | SH |  | OTR | 5 | 50000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 140400000 | 5000000 | SH |  | OTR | 5 | 5000000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 140400000 | 5000000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| PG CORP | NOTE  4.250%12/0 | 69331CAL2 |  | 478288 | 46100000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| PINNACLE WEST CAP CORP | NOTE  4.750% 6/1 | 723484AK7 |  | 76174 | 6651000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| PORCH GROUP INC | DEBT  9.000% 5/1 | 733245AD6 |  | 40400850 | 38150000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| PPL CORP | UNIT 02/15/2029 | 69351T866 |  | 20516000 | 400000 | SH |  | OTR | 5 | 400000 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 5063714 | 31300 | SH |  | OTR | 5 | 31300 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 73700900 | 890000 | SH |  | OTR | 5 | 890000 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 73700900 | 890000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| SEMLER SCIENTIFIC INC | NOTE  4.250% 8/0 | 81684MAC8 |  | 30374 | 3555000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| SERVICE PPTYS TR | COM SH BEN INT | 81761L102 |  | 5473006 | 4039119 | SH |  | OTR | 5 | 4039119 | 0 | 0 |
| SHIFT4 PMTS INC | 6 SER A CNV PREF | 82452J307 |  | 29233800 | 545000 | SH |  | OTR | 5 | 545000 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 104219532 | 878600 | SH |  | OTR | 5 | 878600 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 100827000 | 850000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 |  | 3882014 | 218705 | SH |  | OTR | 5 | 218705 | 0 | 0 |
| SNDL INC | COM | 83307B101 |  | 77904 | 59018 | SH |  | OTR | 5 | 59018 | 0 | 0 |
| SNOWFLAKE INC | NOTE        10/0 | 833445AD1 |  | 283127 | 23230000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 690653 | 43492 | SH |  | OTR | 5 | 43492 | 0 | 0 |
| SOUTHERN CO | NOTE  4.500% 6/1 | 842587DZ7 |  | 310525 | 27950000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A714 |  | 60352500 | 750000 | SH |  | OTR | 5 | 750000 | 0 | 0 |
| STANDARD LITHIUM LTD | COM | 853606101 |  | 36487 | 10700 | SH |  | OTR | 5 | 10700 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 117061200 | 180000 | SH | Call | OTR | 5 | 0 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 74880000 | 600000 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| STRATEGY INC | NOTE  0.625% 3/1 | 594972AJ0 |  | 180460 | 15650000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| STRATEGY INC | NOTE  0.875% 3/1 | 594972AL5 |  | 833857 | 86410000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| STRATEGY INC | NOTE        12/0 | 594972AS0 |  | 30470147 | 37318000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| STRATEGY INC | NOTE         3/0 | 594972AU5 |  | 1917450 | 2250000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| SUNOCOCORP LLC | COM SHS LLC | 86765Q106 |  | 1483977 | 24071 | SH |  | OTR | 5 | 24071 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 109326825 | 323500 | SH |  | OTR | 5 | 323500 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 109326825 | 323500 | SH | Put | OTR | 5 | 0 | 0 | 0 |
| TORM PLC | SHS CL A | G89479102 |  | 312480 | 11200 | SH |  | OTR | 5 | 11200 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 6625010 | 71000 | SH |  | OTR | 5 | 71000 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 4107636 | 23408 | SH |  | OTR | 5 | 23408 | 0 | 0 |
| UNITI GROUP LLC | COM SHS | 912932100 |  | 1176308 | 125406 | SH |  | OTR | 5 | 125406 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 23337111 | 254300 | SH |  | OTR | 5 | 254300 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 6985638 | 21775 | SH |  | OTR | 18 | 21775 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 1520775 | 20250 | SH |  | OTR | 18 | 20250 | 0 | 0 |
| VOYAGER TECHNOLOGIES INC | COM CL A | 92892B103 |  | 1329207 | 56828 | SH |  | OTR | 5 | 56828 | 0 | 0 |
| VSE CORP | UNIT 02/01/2029 | 918284209 |  | 1257500 | 25000 | SH |  | OTR | 5 | 25000 | 0 | 0 |
| WHIRLPOOL CORP | 8.5 DEP SR A CNV | 963320205 |  | 7166250 | 175000 | SH |  | OTR | 5 | 175000 | 0 | 0 |
| WOLFSPEED INC | NOTE  2.500% 6/1 | 977852AP7 |  | 6980068 | 4894000 | PRN |  | OTR | 5 | 0 | 0 | 0 |
| WOLFSPEED INC | COMMON STOCK | 97785W106 |  | 3665896 | 224626 | SH |  | OTR | 5 | 224626 | 0 | 0 |

---