SONA ASSET MANAGEMENT (US) LLC

Filed: 11/14/2025ACC: 0000905148-25-004047

📋 What this filing means

SONA ASSET MANAGEMENT (US) LLC filed this quarterly 13F‑HR report disclosing 142 equity positions with a total reported market value of $4.10B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

142

Positions

$4.10B

Total AUM (reported)

1.38B

Total Shares

Allocation by class

COM$439.80M10.7%

NOTE 0.500% 6/0$337.32M8.2%

20 YR TR BD ETF$276.15M6.7%

IBOXX INV CP ETF$267.11M6.5%

IBOXX HI YD ETF$227.50M5.5%

NOTE3/1$212.90M5.2%

GOLD SHS$195.51M4.8%

Portfolio Concentration

Top 3$822.26M20.1%

4–10$1.10B26.9%

11–25$995.91M24.3%

Rest$1.18B28.7%

Top 3 weight

20.1%

Top 10 weight

47.0%

Voting Authority Distribution

Total shares with voting rights: 1.33B

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

1.33B

% of voting shares100.0%

None

No voting authority

403.90K

% of voting shares0.0%

Investment Discretion (by position count)

Sole0

Shared0

Other142

Dominant voting typeShared · 100.0% of voting shares

Institutional Holdings142

Rows:

ALIBABA GROUP HLDG LTD

OTR

NOTE 0.500% 6/0

Shares151.80M

TypePRN

Market value$279.00M

6.80%

Sole

0.00

Shared

147.22M

None

0.00

ISHARES TR

OTR

20 YR TR BD ETF

Shares3.09M

TypeSH

Market value$276.15M

6.73%

Sole

0.00

Shared

None

0.00

ISHARES TR

OTR

IBOXX INV CP ETF

Shares2.40M

TypeSH

Market value$267.11M

6.51%

Sole

0.00

Shared

2.32M

None

0.00

ISHARES TR

OTR

IBOXX HI YD ETF

Shares2.80M

TypeSH

Market value$227.50M

5.55%

Sole

0.00

Shared

2.72M

None

0.00

SPDR GOLD TR

OTR

GOLD SHS

Shares550K

TypeSH

Market value$195.51M

4.77%

Sole

0.00

Shared

539.50K

None

0.00

APOLLO GLOBAL MGMT INC

OTR

SER A MAND CNV

Shares2.10M

TypeSH

Market value$147.84M

3.61%

Sole

0.00

Shared

2.02M

None

0.00

ISHARES TR

OTR

JPMORGAN USD EMG

Shares1.47M

TypeSH

Market value$139.83M

3.41%

Sole

0.00

Shared

1.42M

None

0.00

UBER TECHNOLOGIES INC

OTR

NOTE12/1

Shares113.61M

TypePRN

Market value$138.64M

3.38%

Sole

0.00

Shared

110.21M

None

0.00

FORD MTR CO

OTR

NOTE3/1

Shares131M

TypePRN

Market value$132.98M

3.24%

Sole

0.00

Shared

127.07M

None

0.00

ARK ETF TR

OTR

INNOVATION ETF

Shares1.41M

TypeSH

Market value$121.68M

2.97%

Sole

0.00

Shared

1.37M

None

0.00

TXNM ENERGY INC

OTR

COM

Shares1.66M

TypeSH

Market value$94.09M

2.29%

Sole

0.00

Shared

1.62M

None

0.00

JAZZ INVESTMENTS I LTD

OTR

NOTE 2.000% 6/1

Shares83.30M

TypePRN

Market value$88.51M

2.16%

Sole

0.00

Shared

80.80M

None

0.00

TRIP COM GROUP LTD

OTR

NOTE 0.750% 6/1

Shares65M

TypePRN

Market value$83.06M

2.03%

Sole

0.00

Shared

63.05M

None

0.00

ETSY INC

OTR

NOTE 0.125%10/0

Shares77.72M

TypePRN

Market value$81.20M

1.98%

Sole

0.00

Shared

75.39M

None

0.00

ON SEMICONDUCTOR CORP

OTR

NOTE 0.500% 3/0

Shares83.58M

TypePRN

Market value$77.39M

1.89%

Sole

0.00

Shared

79.66M

None

0.00

ISHARES TR

OTR

MSCI USA MMENTM

Shares300K

TypeSH

Market value$76.94M

1.88%

Sole

0.00

Shared

291K

None

0.00

ISHARES TR

OTR

ISHS 1-5YR INVS

Shares1.14M

TypeSH

Market value$60.19M

1.47%

Sole

0.00

Shared

1.10M

None

0.00

COINBASE GLOBAL INC

OTR

NOTE 0.500% 6/0

Shares52.50M

TypePRN

Market value$58.32M

1.42%

Sole

0.00

Shared

50.93M

None

0.00

HEWLETT PACKARD ENTERPRISE C

OTR

7.625 MAND CONV

Shares850K

TypeSH

Market value$57.93M

1.41%

Sole

0.00

Shared

824.50K

None

0.00

AIRBNB INC

OTR

NOTE3/1

Shares58.25M

TypePRN

Market value$57.04M

1.39%

Sole

0.00

Shared

56.50M

None

0.00

NORFOLK SOUTHN CORP

OTR

COM

Shares189.28K

TypeSH

Market value$56.86M

1.39%

Sole

0.00

Shared

188.91K

None

0.00

SHIFT4 PMTS INC

OTR

NOTE12/1

Shares51M

TypePRN

Market value$52.50M

1.28%

Sole

0.00

Shared

49.47M

None

0.00

SHOPIFY INC

OTR

NOTE 0.125%11/0

Shares49.40M

TypePRN

Market value$52.02M

1.27%

Sole

0.00

Shared

46.72M

None

0.00

COINBASE GLOBAL INC

OTR

NOTE 0.250% 4/0

Shares40M

TypePRN

Market value$50.26M

1.23%

Sole

0.00

Shared

38.80M

None

0.00

ISHARES INC

OTR

MSCI BRAZIL ETF

Shares1.60M

TypeSH

Market value$49.60M

1.21%

Sole

0.00

Shared

1.55M

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Shared
ALIBABA GROUP HLDG LTDOTR	NOTE 0.500% 6/0	151.80M	PRN	$279.00M 6.80%	147.22M
ISHARES TROTR	20 YR TR BD ETF	3.09M	SH	$276.15M 6.73%	3M
ISHARES TROTR	IBOXX INV CP ETF	2.40M	SH	$267.11M 6.51%	2.32M
ISHARES TROTR	IBOXX HI YD ETF	2.80M	SH	$227.50M 5.55%	2.72M
SPDR GOLD TROTR	GOLD SHS	550K	SH	$195.51M 4.77%	539.50K
APOLLO GLOBAL MGMT INCOTR	SER A MAND CNV	2.10M	SH	$147.84M 3.61%	2.02M
ISHARES TROTR	JPMORGAN USD EMG	1.47M	SH	$139.83M 3.41%	1.42M
UBER TECHNOLOGIES INCOTR	NOTE12/1	113.61M	PRN	$138.64M 3.38%	110.21M
FORD MTR COOTR	NOTE3/1	131M	PRN	$132.98M 3.24%	127.07M
ARK ETF TROTR	INNOVATION ETF	1.41M	SH	$121.68M 2.97%	1.37M
TXNM ENERGY INCOTR	COM	1.66M	SH	$94.09M 2.29%	1.62M
JAZZ INVESTMENTS I LTDOTR	NOTE 2.000% 6/1	83.30M	PRN	$88.51M 2.16%	80.80M
TRIP COM GROUP LTDOTR	NOTE 0.750% 6/1	65M	PRN	$83.06M 2.03%	63.05M
ETSY INCOTR	NOTE 0.125%10/0	77.72M	PRN	$81.20M 1.98%	75.39M
ON SEMICONDUCTOR CORPOTR	NOTE 0.500% 3/0	83.58M	PRN	$77.39M 1.89%	79.66M
ISHARES TROTR	MSCI USA MMENTM	300K	SH	$76.94M 1.88%	291K
ISHARES TROTR	ISHS 1-5YR INVS	1.14M	SH	$60.19M 1.47%	1.10M
COINBASE GLOBAL INCOTR	NOTE 0.500% 6/0	52.50M	PRN	$58.32M 1.42%	50.93M
HEWLETT PACKARD ENTERPRISE COTR	7.625 MAND CONV	850K	SH	$57.93M 1.41%	824.50K
AIRBNB INCOTR	NOTE3/1	58.25M	PRN	$57.04M 1.39%	56.50M
NORFOLK SOUTHN CORPOTR	COM	189.28K	SH	$56.86M 1.39%	188.91K
SHIFT4 PMTS INCOTR	NOTE12/1	51M	PRN	$52.50M 1.28%	49.47M
SHOPIFY INCOTR	NOTE 0.125%11/0	49.40M	PRN	$52.02M 1.27%	46.72M
COINBASE GLOBAL INCOTR	NOTE 0.250% 4/0	40M	PRN	$50.26M 1.23%	38.80M
ISHARES INCOTR	MSCI BRAZIL ETF	1.60M	SH	$49.60M 1.21%	1.55M

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