CAMDEN ASSET MANAGEMENT L P /CA
Follow13F filer, CIK 903944, Los Angeles, CA
CAMDEN ASSET MANAGEMENT L P /CA reported $3,951,796,679 across 73 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 40.11% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-014862
- Period
- 2025-12-31
- Reported value
- $3.95B
- Holdings
- 73
- Top 10 weight
- 40.11%
- New
- 3
- Sold out
- 14
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SOnew | +1,674,600 | $83.1M |
| BANK OF AMER CORPadded | +9,658 | $12.1M |
| WELLS FARGO & COadded | +8,705 | $10.6M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| WOLFexited | -330,479 | -$9.45M |
| EPR PPTYSreduced | -50,000 | -$1.12M |
| EL PASO ENERGY CAP TR Ireduced | -2,802 | -$138K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2025
Share positions as resolved from 13F-HR 0001104659-26-014862, largest first. % of portfolio is the value over $3,951,796,679, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| BANK OF AMER CORPBANK OF AMER CORP | 137,729 | $172M | 4.36% | +9,658 | |||
| SOSOUTHERN CO | 1,674,600 | $83.1M | 2.1% | new | Timeline | ||
| EL PASO ENERGY CAP TR IEL PASO ENERGY CAP TR I | 1,189,225 | $58.4M | 1.48% | -2,802 | |||
| WELLS FARGO & COWELLS FARGO & CO | 37,010 | $44.9M | 1.14% | +8,705 | |||
| EPR PPTYSEPR PPTYS | 526,431 | $11.8M | 0.3% | -50,000 | |||
| EPR PPTYSEPR PPTYS | 197,382 | $5.93M | 0.15% | 0 | |||
| KKR & CO INCKKR & CO INC | 20,000 | $1.03M | 0.03% | 0 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 229,795,000 | $239M | +4,500,000 |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 | principal | 173,693,000 | $216M | -45,844,000 |
| AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A | principal | 189,700,000 | $188M | +3,300,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 154,379,000 | $159M | +47,248,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0 | principal | 137,234,000 | $155M | -5,516,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 114,696,000 | $140M | -52,000,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 85,155,000 | $120M | +1,200,000 |
| OKTA INCOKTA INC NOTE 0.375% 6/1 | principal | 101,535,000 | $99.1M | +12,205,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 87,966,000 | $98.1M | -5,000,000 |
| BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0 | principal | 87,391,000 | $92.1M | -1,500,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 67,109,000 | $87M | -35,500,000 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 81,159,000 | $80.8M | +13,534,000 |
| DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1 | principal | 78,727,000 | $77.9M | 0 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 81,871,000 | $77.4M | +20,500,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 48,066,000 | $76.3M | -40,000 |
| UPWORK INCUPWORK INC NOTE 0.250% 8/1 | principal | 74,023,000 | $72.1M | 0 |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 73,550,000 | $67.6M | 0 |
| WORLD KINECT CORPORATIONWORLD KINECT CORPORATION Convertible | principal | 63,850,000 | $67M | 0 |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 58,680,000 | $66.6M | 0 |
| SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0 | principal | 41,176,000 | $63.6M | 0 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 67,215,000 | $60M | -2,500,000 |
| CONMED CORPCONMED CORP NOTE 2.250% 6/1 | principal | 62,550,000 | $59.9M | 0 |
| NUTANIX INCNUTANIX INC NOTE 0.500%12/1 | principal | 61,928,000 | $59.7M | new |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 60,251,000 | $58M | 0 |
| ANI PHARMACEUTICALS INCANI PHARMACEUTICALS INC NOTE 2.250% 9/0 | principal | 43,017,000 | $54.1M | +5,000,000 |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 55,641,000 | $52.9M | +1,075,000 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0 | principal | 51,385,000 | $52.7M | +6,885,000 |
| JBT MAREL CORPORATIONJBT MAREL CORPORATION NOTE 0.250% 5/1 | principal | 49,865,000 | $50.9M | -2,500,000 |
| TETRA TECH INC NEWTETRA TECH INC NEW DBCV 2.250% 8/1 | principal | 46,501,000 | $50.4M | 0 |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 48,940,000 | $46.9M | +6,724,000 |
| CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1 | principal | 29,397,000 | $44.6M | 0 |
| BLOCK INCBLOCK INC NOTE 5/0 | principal | 44,359,000 | $43.5M | 0 |
| UNITY SOFTWARE INCUNITY SOFTWARE INC NOTE 11/1 | principal | 44,877,000 | $43.3M | 0 |
| MKS INC.MKS INC. NOTE 1.250% 6/0 | principal | 33,076,000 | $42.2M | -7,500,000 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 24,975,000 | $36.3M | 0 |
| BLOCK INCBLOCK INC NOTE 0.250%11/0 | principal | 38,470,000 | $35.6M | -10,000,000 |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 | principal | 36,680,000 | $33.8M | 0 |
| INNOVIVA INCINNOVIVA INC NOTE 2.125% 3/1 | principal | 33,052,000 | $33.6M | -5,000,000 |
| IMMUNOCORE HLDGS PLCIMMUNOCORE HLDGS PLC NOTE 2.500% 2/0 | principal | 36,235,000 | $32.7M | -3,265,000 |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible | principal | 28,419,000 | $32.5M | -9,581,000 |
| MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 | principal | 33,000,000 | $32.3M | -2,500,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD Convertible | principal | 21,500,000 | $28.6M | +4,000,000 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 22,350,000 | $25.5M | 0 |
| BOX INCBOX INC NOTE 1.500% 9/1 | principal | 23,500,000 | $22.9M | 0 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 24,105,000 | $21.6M | +1,500,000 |
| WORKIVA INCWORKIVA INC NOTE 1.250% 8/1 | principal | 21,435,000 | $21.1M | 0 |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 2.250% 6/0 | principal | 20,471,000 | $19.5M | 0 |
| PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNV | principal | 18,188,000 | $19.4M | -17,225,000 |
| ZIFF DAVIS INCZIFF DAVIS INC DEBT 3.625% 3/0 | principal | 19,701,000 | $19.2M | -17,000,000 |
| XEROX HOLDINGS CORPXEROX HOLDINGS CORP NOTE 3.750% 3/1 | principal | 67,650,000 | $18.8M | +2,000,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 21,279,000 | $18.5M | 0 |
| PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR NOTE 1.750%12/1 | principal | 19,085,000 | $18.4M | 0 |
| LYFT INCLYFT INC Convertible | principal | 13,800,000 | $16.6M | -6,200,000 |
| RAPID7 INCRAPID7 INC NOTE 1.250% 3/1 | principal | 18,090,000 | $16.5M | -24,000,000 |
| FIVE9 INCFIVE9 INC CNV | principal | 16,550,000 | $14.9M | -5,000,000 |
| OSI SYSTEMS INCOSI SYSTEMS INC NOTE 2.250% 8/0 | principal | 10,000,000 | $14.8M | new |
| AMC GLOBAL MEDIA INCAMC GLOBAL MEDIA INC NOTE 4.250% 2/1 | principal | 13,600,000 | $13.9M | 0 |
| WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1 | principal | 14,548,000 | $13.6M | -10,000,000 |
| EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 3.500%12/0 | principal | 16,425,000 | $11M | +6,425,000 |
| ITRON INCITRON INC NOTE 1.375% 7/1 | principal | 9,139,000 | $9.24M | -22,861,000 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 8,000,000 | $7.6M | -17,000,000 |
| LCI INDSLCI INDS NOTE 1.125% 5/1 | principal | 7,500,000 | $7.37M | 0 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 6,230,000 | $6.84M | -58,050,000 |
| EVOLENT HEALTH INCEVOLENT HEALTH INC DEBT 4.500% 8/1 | principal | 9,485,000 | $6.6M | -6,015,000 |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1 | principal | 4,623,000 | $4.61M | 0 |
| CORZWCORE SCIENTIFIC INC NEW *W EXP 01/23/202 | principal | 760,053 | $0 | +20,549 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP | 36,775,000 | $118M | principal |
| Shopify IncShopify Inc | 81,563,000 | $85.7M | principal |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS | 69,261,000 | $63.9M | principal |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC | 35,208,000 | $49.5M | principal |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC | 34,000,000 | $33.5M | principal |
| SHAKE SHACK INCSHAKE SHACK INC | 25,716,000 | $24.3M | principal |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC | 20,500,000 | $19.2M | principal |
| PAGERDUTY INCPAGERDUTY INC | 19,129,000 | $18.7M | principal |
| PTC THERAPEUTICS INCPTC THERAPEUTICS INC | 12,500,000 | $16M | principal |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS | 11,000,000 | $15.2M | principal |
| TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC | 14,000,000 | $12.2M | principal |
| WOLFWOLFSPEED INC | 330,479 | $9.45M | shares |
| WAYFAIR INCWAYFAIR INC | 2,875,000 | $4.38M | principal |
| CMS ENERGY CORPCMS ENERGY CORP | 3,459,000 | $3.79M | principal |
How Q4 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001104659-26-014862 | base | 2026-02-13 | acceptance time not in the bulk data set |