ABSOLUTE INVESTMENT ADVISERS, LLC

Filed: 1/28/2026ACC: 0001062993-26-000452

📋 What this filing means

ABSOLUTE INVESTMENT ADVISERS, LLC filed this quarterly 13F‑HR report disclosing 121 equity positions with a total reported market value of $877.11M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

121

Positions

$877.11M

Total AUM (reported)

676.31M

Total Shares

Allocation by class

COM$74.93M8.5%

NOTE 2.250% 6/1$24.06M2.7%

NOTE 3.250% 6/1$23.91M2.7%

NOTE 1.125% 8/1$22.87M2.6%

NOTE 1.750%12/0$18.59M2.1%

NOTE 1.000% 8/1$18.55M2.1%

NOTE 2.250% 8/0$17.80M2.0%

Portfolio Concentration

Top 3$61.05M7.0%

4–10$114.40M13.0%

11–25$193.97M22.1%

Rest$507.69M57.9%

Top 3 weight

7.0%

Top 10 weight

20.0%

Voting Authority Distribution

Total shares with voting rights: 676.31M

Sole

Full voting authority

676.31M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole121

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings121

Rows:

GRANITE CONSTR INC

SOLE

NOTE 3.250% 6/1

Shares15M

TypeSH

Market value$23.91M

2.73%

Sole

15M

Shared

0.00

None

0.00

PATRICK INDS INC

SOLE

NOTE 1.750%12/0

Shares10.95M

TypeSH

Market value$18.59M

2.12%

Sole

10.95M

Shared

0.00

None

0.00

HALOZYME THERAPEUTICS INC

SOLE

NOTE 1.000% 8/1

Shares14M

TypeSH

Market value$18.55M

2.11%

Sole

14M

Shared

0.00

None

0.00

OSI SYSTEMS INC

SOLE

NOTE 2.250% 8/0

Shares12.03M

TypeSH

Market value$17.80M

2.03%

Sole

12.03M

Shared

0.00

None

0.00

LIBERTY ALL STAR EQUITY FD

SOLE

SH BEN INT

Shares2.70M

TypeSH

Market value$17.11M

1.95%

Sole

2.70M

Shared

0.00

None

0.00

TETRA TECH INC NEW

SOLE

DBCV 2.250% 8/1

Shares15.53M

TypeSH

Market value$16.85M

1.92%

Sole

15.53M

Shared

0.00

None

0.00

WAYFAIR INC

SOLE

NOTE 3.250% 9/1

Shares9.73M

TypeSH

Market value$16.22M

1.85%

Sole

9.73M

Shared

0.00

None

0.00

FLUOR CORP

SOLE

NOTE 1.125% 8/1

Shares13.89M

TypeSH

Market value$15.84M

1.81%

Sole

13.89M

Shared

0.00

None

0.00

MKS INC.

SOLE

NOTE 1.250% 6/0

Shares12.27M

TypeSH

Market value$15.68M

1.79%

Sole

12.27M

Shared

0.00

None

0.00

GREENBRIER COS INC

SOLE

NOTE 2.875% 4/1

Shares13.79M

TypeSH

Market value$14.90M

1.70%

Sole

13.79M

Shared

0.00

None

0.00

FLUENCE ENERGY INC

SOLE

NOTE 2.250% 6/1

Shares12M

TypeSH

Market value$14.49M

1.65%

Sole

12M

Shared

0.00

None

0.00

ANI PHARMACEUTICALS INC

SOLE

NOTE 2.250% 9/0

Shares11.47M

TypeSH

Market value$14.46M

1.65%

Sole

11.47M

Shared

0.00

None

0.00

PARSONS CORP DEL

SOLE

NOTE 2.625% 3/0

Shares14M

TypeSH

Market value$14.41M

1.64%

Sole

14M

Shared

0.00

None

0.00

AKAMAI TECHNOLOGIES INC

SOLE

NOTE 1.125% 2/1

Shares13.83M

TypeSH

Market value$13.67M

1.56%

Sole

13.83M

Shared

0.00

None

0.00

GUIDEWIRE SOFTWARE INC

SOLE

NOTE 1.250%11/0

Shares12.05M

TypeSH

Market value$13.28M

1.51%

Sole

12.05M

Shared

0.00

None

0.00

FRESHPET INC

SOLE

NOTE 3.000% 4/0

Shares11M

TypeSH

Market value$12.85M

1.46%

Sole

11M

Shared

0.00

None

0.00

PROGRESS SOFTWARE CORP

SOLE

NOTE 3.500% 3/0

Shares12.62M

TypeSH

Market value$12.76M

1.45%

Sole

12.62M

Shared

0.00

None

0.00

BLACKLINE INC

SOLE

NOTE 1.000% 6/0

Shares12M

TypeSH

Market value$12.72M

1.45%

Sole

12M

Shared

0.00

None

0.00

NUTANIX INC

SOLE

NOTE 0.500%12/1

Shares13M

TypeSH

Market value$12.50M

1.43%

Sole

13M

Shared

0.00

None

0.00

ON SEMICONDUCTOR CORP

SOLE

NOTE 0.500% 3/0

Shares13.17M

TypeSH

Market value$12.48M

1.42%

Sole

13.17M

Shared

0.00

None

0.00

ADVANCED ENERGY INDS

SOLE

NOTE 2.500% 9/1

Shares7.50M

TypeSH

Market value$12.32M

1.40%

Sole

7.50M

Shared

0.00

None

0.00

ENCORE CAP GROUP INC

SOLE

NOTE 4.000% 3/1

Shares11.25M

TypeSH

Market value$12.30M

1.40%

Sole

11.25M

Shared

0.00

None

0.00

LANTHEUS HLDGS INC

SOLE

NOTE 2.625%12/1

Shares10.60M

TypeSH

Market value$12.11M

1.38%

Sole

10.60M

Shared

0.00

None

0.00

CENTURY ALUM CO

SOLE

NOTE 2.750% 5/0

Shares5.65M

TypeSH

Market value$11.89M

1.36%

Sole

5.65M

Shared

0.00

None

0.00

BENTLEY SYS INC

SOLE

NOTE 0.375% 7/0

Shares12.50M

TypeSH

Market value$11.74M

1.34%

Sole

12.50M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
GRANITE CONSTR INCSOLE	NOTE 3.250% 6/1	15M	SH	$23.91M 2.73%	15M
PATRICK INDS INCSOLE	NOTE 1.750%12/0	10.95M	SH	$18.59M 2.12%	10.95M
HALOZYME THERAPEUTICS INCSOLE	NOTE 1.000% 8/1	14M	SH	$18.55M 2.11%	14M
OSI SYSTEMS INCSOLE	NOTE 2.250% 8/0	12.03M	SH	$17.80M 2.03%	12.03M
LIBERTY ALL STAR EQUITY FDSOLE	SH BEN INT	2.70M	SH	$17.11M 1.95%	2.70M
TETRA TECH INC NEWSOLE	DBCV 2.250% 8/1	15.53M	SH	$16.85M 1.92%	15.53M
WAYFAIR INCSOLE	NOTE 3.250% 9/1	9.73M	SH	$16.22M 1.85%	9.73M
FLUOR CORPSOLE	NOTE 1.125% 8/1	13.89M	SH	$15.84M 1.81%	13.89M
MKS INC.SOLE	NOTE 1.250% 6/0	12.27M	SH	$15.68M 1.79%	12.27M
GREENBRIER COS INCSOLE	NOTE 2.875% 4/1	13.79M	SH	$14.90M 1.70%	13.79M
FLUENCE ENERGY INCSOLE	NOTE 2.250% 6/1	12M	SH	$14.49M 1.65%	12M
ANI PHARMACEUTICALS INCSOLE	NOTE 2.250% 9/0	11.47M	SH	$14.46M 1.65%	11.47M
PARSONS CORP DELSOLE	NOTE 2.625% 3/0	14M	SH	$14.41M 1.64%	14M
AKAMAI TECHNOLOGIES INCSOLE	NOTE 1.125% 2/1	13.83M	SH	$13.67M 1.56%	13.83M
GUIDEWIRE SOFTWARE INCSOLE	NOTE 1.250%11/0	12.05M	SH	$13.28M 1.51%	12.05M
FRESHPET INCSOLE	NOTE 3.000% 4/0	11M	SH	$12.85M 1.46%	11M
PROGRESS SOFTWARE CORPSOLE	NOTE 3.500% 3/0	12.62M	SH	$12.76M 1.45%	12.62M
BLACKLINE INCSOLE	NOTE 1.000% 6/0	12M	SH	$12.72M 1.45%	12M
NUTANIX INCSOLE	NOTE 0.500%12/1	13M	SH	$12.50M 1.43%	13M
ON SEMICONDUCTOR CORPSOLE	NOTE 0.500% 3/0	13.17M	SH	$12.48M 1.42%	13.17M
ADVANCED ENERGY INDSSOLE	NOTE 2.500% 9/1	7.50M	SH	$12.32M 1.40%	7.50M
ENCORE CAP GROUP INCSOLE	NOTE 4.000% 3/1	11.25M	SH	$12.30M 1.40%	11.25M
LANTHEUS HLDGS INCSOLE	NOTE 2.625%12/1	10.60M	SH	$12.11M 1.38%	10.60M
CENTURY ALUM COSOLE	NOTE 2.750% 5/0	5.65M	SH	$11.89M 1.36%	5.65M
BENTLEY SYS INCSOLE	NOTE 0.375% 7/0	12.50M	SH	$11.74M 1.34%	12.50M

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