SONA ASSET MANAGEMENT (US) LLC

Filed: 5/15/2025ACC: 0000905148-25-001742

📋 What this filing means

SONA ASSET MANAGEMENT (US) LLC filed this quarterly 13F‑HR report disclosing 97 equity positions with a total reported market value of $3.34B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$3.34B

Total AUM (reported)

1.11B

Total Shares

Allocation by class

IBOXX INV CP ETF$656.74M19.7%

COM$380.39M11.4%

20 YR TR BD ETF$219.84M6.6%

UNIT SER 1$211.01M6.3%

NOTE3/1$207.43M6.2%

IBOXX HI YD ETF$157.78M4.7%

SER A MAND CNV$121.10M3.6%

Portfolio Concentration

Top 3$1.09B32.5%

4–10$758.05M22.7%

11–25$803.56M24.0%

Rest$692.89M20.7%

Top 3 weight

32.5%

Top 10 weight

55.2%

Voting Authority Distribution

Total shares with voting rights: 1.11B

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

1.11B

% of voting shares100.0%

None

No voting authority

351.22K

% of voting shares0.0%

Investment Discretion (by position count)

Sole0

Shared0

Other97

Dominant voting typeShared · 100.0% of voting shares

Institutional Holdings97

Rows:

ISHARES TR

OTR

IBOXX INV CP ETF

Shares6.04M

TypeSH

Market value$656.74M

19.65%

Sole

0.00

Shared

6.04M

None

0.00

ISHARES TR

OTR

20 YR TR BD ETF

Shares2.42M

TypeSH

Market value$219.84M

6.58%

Sole

0.00

Shared

2.42M

None

0.00

INVESCO QQQ TR

OTR

UNIT SER 1

Shares450K

TypeSH

Market value$211.01M

6.31%

Sole

0.00

Shared

450K

None

0.00

ISHARES TR

OTR

IBOXX HI YD ETF

Shares2M

TypeSH

Market value$157.78M

4.72%

Sole

0.00

Shared

None

0.00

AIRBNB INC

OTR

NOTE3/1

Shares154M

TypePRN

Market value$147.29M

4.41%

Sole

0.00

Shared

154M

None

0.00

APOLLO GLOBAL MGMT INC

OTR

SER A MAND CNV

Shares1.65M

TypeSH

Market value$121.10M

3.62%

Sole

0.00

Shared

1.65M

None

0.00

PDD HOLDINGS INC

OTR

NOTE12/0

Shares88.33M

TypePRN

Market value$87.00M

2.60%

Sole

0.00

Shared

88.33M

None

0.00

DISCOVER FINL SVCS

OTR

COM

Shares501.28K

TypeSH

Market value$85.57M

2.56%

Sole

0.00

Shared

501.28K

None

0.00

ISHARES TR

OTR

7-10 YR TRSY BD

Shares850K

TypeSH

Market value$81.06M

2.43%

Sole

0.00

Shared

850K

None

0.00

AKAMAI TECHNOLOGIES INC

OTR

NOTE 0.125% 5/0

Shares78.50M

TypePRN

Market value$78.25M

2.34%

Sole

0.00

Shared

78.50M

None

0.00

UBER TECHNOLOGIES INC

OTR

NOTE12/1

Shares67.91M

TypePRN

Market value$72.13M

2.16%

Sole

0.00

Shared

67.91M

None

0.00

ZTO EXPRESS CAYMAN INC

OTR

NOTE 1.500% 9/0

Shares71.50M

TypePRN

Market value$71.87M

2.15%

Sole

0.00

Shared

71.50M

None

0.00

HEWLETT PACKARD ENTERPRISE C

OTR

7.625 MAND CONV

Shares1.40M

TypeSH

Market value$67.11M

2.01%

Sole

0.00

Shared

1.40M

None

0.00

SPDR SER TR

OTR

BBG CONV SEC ETF

Shares847.10K

TypeSH

Market value$64.90M

1.94%

Sole

0.00

Shared

847.10K

None

0.00

UNITED STATES STL CORP

OTR

NOTE 5.000%11/0

Shares17.64M

TypePRN

Market value$55.94M

1.67%

Sole

0.00

Shared

17.64M

None

0.00

AMERICAN AIRLINES GROUP INC

OTR

NOTE 6.500% 7/0

Shares53.90M

TypePRN

Market value$54.01M

1.62%

Sole

0.00

Shared

53.90M

None

0.00

SOUTHWEST AIRLS CO

OTR

NOTE 1.250% 5/0

Shares51.53M

TypePRN

Market value$51.48M

1.54%

Sole

0.00

Shared

51.53M

None

0.00

LUMENTUM HLDGS INC

OTR

NOTE 0.500% 6/1

Shares55.36M

TypePRN

Market value$51.10M

1.53%

Sole

0.00

Shared

55.36M

None

0.00

ECHOSTAR CORP

OTR

NOTE 3.875%11/3

Shares45M

TypePRN

Market value$50.44M

1.51%

Sole

0.00

Shared

45M

None

0.00

NCL CORP LTD

OTR

NOTE 2.500% 2/1

Shares50.27M

TypePRN

Market value$49.70M

1.49%

Sole

0.00

Shared

50.27M

None

0.00

FORD MTR CO

OTR

NOTE3/1

Shares48M

TypePRN

Market value$46.99M

1.41%

Sole

0.00

Shared

48M

None

0.00

OMNICOM GROUP INC

OTR

COM

Shares557.20K

TypeSH

Market value$46.20M

1.38%

Sole

0.00

Shared

557.20K

None

0.00

VANGUARD SCOTTSDALE FDS

OTR

INT-TERM CORP

Shares550K

TypeSH

Market value$44.97M

1.35%

Sole

0.00

Shared

550K

None

0.00

NEXTERA ENERGY INC

OTR

UNIT 06/01/2027

Shares900K

TypeSH

Market value$43.47M

1.30%

Sole

0.00

Shared

900K

None

0.00

FRONTIER COMMUNICATIONS PARE

OTR

COM

Shares927.04K

TypeSH

Market value$33.24M

0.99%

Sole

0.00

Shared

927.04K

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Shared
ISHARES TROTR	IBOXX INV CP ETF	6.04M	SH	$656.74M 19.65%	6.04M
ISHARES TROTR	20 YR TR BD ETF	2.42M	SH	$219.84M 6.58%	2.42M
INVESCO QQQ TROTR	UNIT SER 1	450K	SH	$211.01M 6.31%	450K
ISHARES TROTR	IBOXX HI YD ETF	2M	SH	$157.78M 4.72%	2M
AIRBNB INCOTR	NOTE3/1	154M	PRN	$147.29M 4.41%	154M
APOLLO GLOBAL MGMT INCOTR	SER A MAND CNV	1.65M	SH	$121.10M 3.62%	1.65M
PDD HOLDINGS INCOTR	NOTE12/0	88.33M	PRN	$87.00M 2.60%	88.33M
DISCOVER FINL SVCSOTR	COM	501.28K	SH	$85.57M 2.56%	501.28K
ISHARES TROTR	7-10 YR TRSY BD	850K	SH	$81.06M 2.43%	850K
AKAMAI TECHNOLOGIES INCOTR	NOTE 0.125% 5/0	78.50M	PRN	$78.25M 2.34%	78.50M
UBER TECHNOLOGIES INCOTR	NOTE12/1	67.91M	PRN	$72.13M 2.16%	67.91M
ZTO EXPRESS CAYMAN INCOTR	NOTE 1.500% 9/0	71.50M	PRN	$71.87M 2.15%	71.50M
HEWLETT PACKARD ENTERPRISE COTR	7.625 MAND CONV	1.40M	SH	$67.11M 2.01%	1.40M
SPDR SER TROTR	BBG CONV SEC ETF	847.10K	SH	$64.90M 1.94%	847.10K
UNITED STATES STL CORPOTR	NOTE 5.000%11/0	17.64M	PRN	$55.94M 1.67%	17.64M
AMERICAN AIRLINES GROUP INCOTR	NOTE 6.500% 7/0	53.90M	PRN	$54.01M 1.62%	53.90M
SOUTHWEST AIRLS COOTR	NOTE 1.250% 5/0	51.53M	PRN	$51.48M 1.54%	51.53M
LUMENTUM HLDGS INCOTR	NOTE 0.500% 6/1	55.36M	PRN	$51.10M 1.53%	55.36M
ECHOSTAR CORPOTR	NOTE 3.875%11/3	45M	PRN	$50.44M 1.51%	45M
NCL CORP LTDOTR	NOTE 2.500% 2/1	50.27M	PRN	$49.70M 1.49%	50.27M
FORD MTR COOTR	NOTE3/1	48M	PRN	$46.99M 1.41%	48M
OMNICOM GROUP INCOTR	COM	557.20K	SH	$46.20M 1.38%	557.20K
VANGUARD SCOTTSDALE FDSOTR	INT-TERM CORP	550K	SH	$44.97M 1.35%	550K
NEXTERA ENERGY INCOTR	UNIT 06/01/2027	900K	SH	$43.47M 1.30%	900K
FRONTIER COMMUNICATIONS PAREOTR	COM	927.04K	SH	$33.24M 0.99%	927.04K

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