Strategic Income Management, LLC
Follow13F filer, CIK 1540306, SEATTLE, WA
Strategic Income Management, LLC reported $95,073,285 across 12 holdings for the quarter ended 2023-03-31, in a 13F-HR filed 2023-05-12. Its ten largest share positions make up 96.85% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000898432-23-000300
- Period
- 2023-03-31
- Reported value
- $95.1M
- Holdings
- 12
- Top 10 weight
- 96.85%
- New
- 6
- Sold out
- 4
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NLYnew | +253,259 | $4.84M |
| KMIadded | +24,561 | $430K |
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 |
|---|---|---|
| EZCORP INCexited | -18,532,000 | -$16.5M |
| STNGreduced | -290,000 | -$16.3M |
| CINEMARK HLDGS INCexited | -14,280,000 | -$12.4M |
| TURNING PT BRANDS INCexited | -8,500,000 | -$7.54M |
| UPSTART HLDGS INCexited | -12,000,000 | -$6.33M |
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, Q1 2023
Share positions as resolved from 13F-HR 0000898432-23-000300, largest first. % of portfolio is the value over $95,073,285, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| PAAPLAINS ALL AMERN PIPELINE L | 1,028,132 | $12.8M | 13.49% | -153,272 | Timeline | ||
| EPDENTERPRISE PRODS PARTNERS L | 470,390 | $12.2M | 12.81% | -183,843 | Timeline | ||
| KMIKINDER MORGAN INC DEL | 511,720 | $8.96M | 9.42% | +24,561 | Timeline | ||
| HOLLY ENERGY PARTNERS L PHOLLY ENERGY PARTNERS L P | 454,045 | $7.89M | 8.3% | -38,374 | |||
| HESMHESS MIDSTREAM LP | 259,475 | $7.51M | 7.9% | -138,180 | Timeline | ||
| STNGSCORPIO TANKERS INC | 132,209 | $7.44M | 7.83% | -290,000 | Timeline | ||
| NLYANNALY CAPITAL MANAGEMENT IN | 253,259 | $4.84M | 5.09% | new | Timeline |
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 |
|---|---|---|---|---|
| EZCORP INCEZCORP INC NOTE 2.375% 5/0 | principal | 18,550,000 | $16.9M | new |
| UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1 | principal | 19,620,000 | $11.4M | new |
| PERFICIENT INCPERFICIENT INC BOND | principal | 2,780,000 | $2.21M | new |
| LCI INDSLCI INDS NOTE 1.125% 5/1 | principal | 2,415,000 | $2.19M | new |
| TURNING PT BRANDS INCTURNING PT BRANDS INC CORP | principal | 850,000 | $798K | new |
Sold out in Q1 2023
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| EZCORP INCEZCORP INC | 18,532,000 | $16.5M | shares |
| CINEMARK HLDGS INCCINEMARK HLDGS INC | 14,280,000 | $12.4M | shares |
| TURNING PT BRANDS INCTURNING PT BRANDS INC | 8,500,000 | $7.54M | shares |
| UPSTART HLDGS INCUPSTART HLDGS INC | 12,000,000 | $6.33M | shares |
How Q1 2023 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 0000898432-23-000300 | base | 2023-05-12 | acceptance time not in the bulk data set |