STEELHEAD PARTNERS LLC
Follow13F filer, CIK 1133521, SEATTLE, WA
STEELHEAD PARTNERS LLC reported $1,987,707,664 across 45 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-18. Its ten largest share positions make up 41.8% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001133521-25-000004
- Period
- 2024-12-31
- Reported value
- $1.99B
- Holdings
- 45
- Top 10 weight
- 41.8%
- New
- 10
- Sold out
- 14
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| IRENnew | +232,018 | $2.28M |
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
None.
Holdings, Q4 2024
Share positions as resolved from 13F-HR 0001133521-25-000004, largest first. % of portfolio is the value over $1,987,707,664, the sum of the share positions whose value is usable for ratios (method).
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 |
|---|---|---|---|---|
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 114,000,000 | $122M | +6,200,000 |
| SEA LTDSEA LTD NOTE 0.250% 9/1 | principal | 132,000,000 | $120M | 0 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1 | principal | 83,078,000 | $91.5M | +20,300,000 |
| ITRON INCITRON INC NOTE 3/1 | principal | 80,000,000 | $83.1M | +15,000,000 |
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0 | principal | 80,000,000 | $82.5M | +13,384,000 |
| CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1 | principal | 80,000,000 | $76.8M | -7,500,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1 | principal | 70,000,000 | $70.8M | +10,000,000 |
| Dropbox IncDropbox Inc Convertible bond | principal | 70,000,000 | $69.4M | +40,000,000 |
| Shopify IncShopify Inc Convertible bond | principal | 60,000,000 | $61.2M | new |
| CONFLUENT INCCONFLUENT INC NOTE 1/1 | principal | 60,000,000 | $54M | -14,500,000 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 65,492,000 | $54M | +5,957,000 |
| BOX INCBOX INC NOTE 1/1 | principal | 42,192,000 | $53.5M | +17,192,000 |
| FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0 | principal | 54,000,000 | $51.3M | 0 |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1 | principal | 54,000,000 | $51.2M | +7,687,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 49,635,000 | $50.4M | +33,135,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 59,000,000 | $48.5M | +9,056,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 4/0 | principal | 50,000,000 | $48.4M | +8,000,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 48,000,000 | $48.3M | new |
| DEXCOM INCDEXCOM INC NOTE 0.250%11/1 | principal | 50,000,000 | $48.2M | -20,000,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 43,000,000 | $47.5M | new |
| GREENBRIER COS INCGREENBRIER COS INC NOTE 2.875% 4/1 | principal | 35,692,000 | $43.2M | -8,808,000 |
| BLOCK INCBLOCK INC NOTE 5/0 | principal | 42,000,000 | $39.1M | +3,480,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 38,000,000 | $37.6M | -16,500,000 |
| UPWORK INCUPWORK INC NOTE 0.250% 8/1 | principal | 40,000,000 | $37M | -3,511,000 |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 41,000,000 | $36.9M | +11,000,000 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1 | principal | 30,000,000 | $36.1M | +8,000,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 37,146,000 | $36M | new |
| SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC NOTE 9/1 | principal | 38,000,000 | $35.6M | -7,467,000 |
| PEGASYSTEMS INCPEGASYSTEMS INC NOTE 0.750% 3/0 | principal | 34,496,000 | $34.2M | 0 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 40,129,000 | $33.7M | +10,329,000 |
| NOVOCURE LTDNOVOCURE LTD NOTE 11/0 | principal | 34,500,000 | $32.9M | -600,000 |
| TripAdvisor IncTripAdvisor Inc CONV | principal | 35,000,000 | $32.8M | 0 |
| LYFT INCLYFT INC NOTE 1.500% 5/1 | principal | 30,520,000 | $30.1M | 0 |
| NICE LTDNICE LTD NOTE 9/1 | principal | 28,097,000 | $27M | -17,435,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 27,500,000 | $25.8M | -3,500,000 |
| PAGERDUTY INCPAGERDUTY INC NOTE 1.500%10/1 | principal | 22,000,000 | $21.4M | new |
| NEW MTN FIN CORPNEW MTN FIN CORP BOND | principal | 18,500,000 | $18.6M | +2,500,000 |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 15,000,000 | $16.4M | -14,600,000 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0 | principal | 18,000,000 | $15.9M | new |
| CANADIAN SOLAR INCCANADIAN SOLAR INC NOTE 2.500%10/0 | principal | 16,500,000 | $15.8M | 0 |
| AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A | principal | 15,000,000 | $14.1M | new |
| ZSCALER INCZSCALER INC NOTE 0.125% 7/0 | principal | 10,651,000 | $13.2M | 0 |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bond | principal | 13,000,000 | $12.7M | new |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 6,500,000 | $6.94M | new |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| INTERDIGITAL INCINTERDIGITAL INC | 30,500,000 | $56.6M | principal |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC | 45,000,000 | $51.2M | principal |
| BILL HOLDINGS INCBILL HOLDINGS INC | 50,000,000 | $44.3M | principal |
| VEECO INSTRS INC DELVEECO INSTRS INC DEL | 25,000,000 | $34M | principal |
| MGP INGREDIENTS INC NEWMGP INGREDIENTS INC NEW | 30,000,000 | $32.2M | principal |
| UNITY SOFTWARE INCUNITY SOFTWARE INC | 36,000,000 | $32.2M | principal |
| MACOM TECH SOLUTIONS HLDGS IMACOM TECH SOLUTIONS HLDGS I | 17,250,000 | $24.4M | principal |
| WORKIVA INCWORKIVA INC | 23,000,000 | $21.9M | principal |
| PTC THERAPEUTICS INCPTC THERAPEUTICS INC | 19,000,000 | $19.8M | principal |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC | 11,450,000 | $10.5M | principal |
| VEECO INSTRS INC DELVEECO INSTRS INC DEL | 4,800,000 | $6.75M | principal |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN | 5,150,000 | $6.34M | principal |
| WAYFAIR INCWAYFAIR INC | 5,000,000 | $6.02M | principal |
| AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC | 6,246,000 | $5.9M | principal |
How Q4 2024 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 0001133521-25-000004 | base | 2025-02-18 | acceptance time not in the bulk data set |