SONA ASSET MANAGEMENT (US) LLC

Filed: 2/14/2025ACC: 0001856405-25-000002

📋 What this filing means

SONA ASSET MANAGEMENT (US) LLC filed this quarterly 13F‑HR report disclosing 87 equity positions with a total reported market value of $2.54B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$2.54B

Total AUM (reported)

1.02B

Total Shares

Allocation by class

COM$349.21M13.8%

IBOXX HI YD ETF$247.75M9.8%

NOTE 6.000% 8/1$217.99M8.6%

20 YR TR BD ETF$148.46M5.8%

NOTE 2.375%12/0$108.06M4.3%

NOTE 6.500% 7/0$89.97M3.5%

7.625 MAND CONV$86.64M3.4%

Portfolio Concentration

Top 3$614.20M24.2%

4–10$551.20M21.7%

11–25$696.28M27.4%

Rest$676.31M26.6%

Top 3 weight

24.2%

Top 10 weight

45.9%

Voting Authority Distribution

Total shares with voting rights: 1.02B

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

1.02B

% of voting shares100.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole0

Shared0

Other87

Dominant voting typeShared · 100.0% of voting shares

Institutional Holdings87

Rows:

ISHARES TR

OTR

IBOXX HI YD ETF

Shares3.15M

TypeSH

Market value$247.75M

9.76%

Sole

0.00

Shared

3.15M

None

0.00

ROYAL CARIBBEAN GROUP

OTR

NOTE 6.000% 8/1

Shares47.06M

TypePRN

Market value$217.99M

8.59%

Sole

0.00

Shared

47.06M

None

0.00

ISHARES TR

OTR

20 YR TR BD ETF

Shares1.70M

TypeSH

Market value$148.46M

5.85%

Sole

0.00

Shared

1.50M

None

0.00

SEA LTD

OTR

NOTE 2.375%12/0

Shares85M

TypePRN

Market value$108.06M

4.26%

Sole

0.00

Shared

85M

None

0.00

AMERICAN AIRLINES GROUP INC

OTR

NOTE 6.500% 7/0

Shares76.90M

TypePRN

Market value$89.97M

3.55%

Sole

0.00

Shared

76.90M

None

0.00

HEWLETT PACKARD ENTERPRISE C

OTR

7.625 MAND CONV

Shares1.40M

TypeSH

Market value$86.64M

3.41%

Sole

0.00

Shared

1.40M

None

0.00

PDD HOLDINGS INC

OTR

NOTE12/0

Shares84.83M

TypePRN

Market value$81.28M

3.20%

Sole

0.00

Shared

84.83M

None

0.00

NEXTERA ENERGY INC

OTR

UNIT 06/01/2027

Shares1.38M

TypeSH

Market value$67.17M

2.65%

Sole

0.00

Shared

1.38M

None

0.00

SOUTHWEST AIRLS CO

OTR

NOTE 1.250% 5/0

Shares59.53M

TypePRN

Market value$61.39M

2.42%

Sole

0.00

Shared

59.53M

None

0.00

APOLLO GLOBAL MGMT INC

OTR

SER A MAND CNV

Shares650K

TypeSH

Market value$56.69M

2.23%

Sole

0.00

Shared

650K

None

0.00

KELLANOVA

OTR

COM

Shares698.07K

TypeSH

Market value$56.52M

2.23%

Sole

0.00

Shared

698.07K

None

0.00

DEXCOM INC

OTR

NOTE 0.375% 5/1

Shares60.50M

TypePRN

Market value$54.30M

2.14%

Sole

0.00

Shared

60.50M

None

0.00

NCL CORP LTD

OTR

NOTE 2.500% 2/1

Shares51.27M

TypePRN

Market value$54.03M

2.13%

Sole

0.00

Shared

51.27M

None

0.00

FRONTIER COMMUNICATIONS PARE

OTR

COM

Shares1.47M

TypeSH

Market value$51.18M

2.02%

Sole

0.00

Shared

1.47M

None

0.00

WAYFAIR INC

OTR

NOTE 1.000% 8/1

Shares54.23M

TypePRN

Market value$50.33M

1.98%

Sole

0.00

Shared

54.23M

None

0.00

BLOCK INC

OTR

NOTE 0.125% 3/0

Shares50.29M

TypePRN

Market value$50.04M

1.97%

Sole

0.00

Shared

50.29M

None

0.00

ALBEMARLE CORP

OTR

7.25% DEP SHS A

Shares1.16M

TypeSH

Market value$47.51M

1.87%

Sole

0.00

Shared

1.16M

None

0.00

UNITED STATES STL CORP

OTR

NOTE 5.000%11/0

Shares17.64M

TypePRN

Market value$45.32M

1.79%

Sole

0.00

Shared

17.64M

None

0.00

DISCOVER FINL SVCS

OTR

COM

Shares250.29K

TypeSH

Market value$43.36M

1.71%

Sole

0.00

Shared

250.29K

None

0.00

ZTO EXPRESS CAYMAN INC

OTR

NOTE 1.500% 9/0

Shares43.50M

TypePRN

Market value$43.23M

1.70%

Sole

0.00

Shared

43.50M

None

0.00

FORD MTR CO

OTR

NOTE3/1

Shares43.50M

TypePRN

Market value$42.14M

1.66%

Sole

0.00

Shared

43.50M

None

0.00

ALBERTSONS COS INC

OTR

COMMON STOCK

Shares2.13M

TypeSH

Market value$41.73M

1.64%

Sole

0.00

Shared

0.00

None

0.00

AKAMAI TECHNOLOGIES INC

OTR

NOTE 0.125% 5/0

Shares37.50M

TypePRN

Market value$39.82M

1.57%

Sole

0.00

Shared

37.50M

None

0.00

ISHARES BITCOIN TRUST ETF

OTR

SHS BEN INT

Shares750K

TypeSH

Market value$39.79M

1.57%

Sole

0.00

Shared

750K

None

0.00

ARCADIUM LITHIUM PLC

OTR

COM SHS

Shares7.21M

TypeSH

Market value$36.99M

1.46%

Sole

0.00

Shared

7.21M

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Shared
ISHARES TROTR	IBOXX HI YD ETF	3.15M	SH	$247.75M 9.76%	3.15M
ROYAL CARIBBEAN GROUPOTR	NOTE 6.000% 8/1	47.06M	PRN	$217.99M 8.59%	47.06M
ISHARES TROTR	20 YR TR BD ETF	1.70M	SH	$148.46M 5.85%	1.50M
SEA LTDOTR	NOTE 2.375%12/0	85M	PRN	$108.06M 4.26%	85M
AMERICAN AIRLINES GROUP INCOTR	NOTE 6.500% 7/0	76.90M	PRN	$89.97M 3.55%	76.90M
HEWLETT PACKARD ENTERPRISE COTR	7.625 MAND CONV	1.40M	SH	$86.64M 3.41%	1.40M
PDD HOLDINGS INCOTR	NOTE12/0	84.83M	PRN	$81.28M 3.20%	84.83M
NEXTERA ENERGY INCOTR	UNIT 06/01/2027	1.38M	SH	$67.17M 2.65%	1.38M
SOUTHWEST AIRLS COOTR	NOTE 1.250% 5/0	59.53M	PRN	$61.39M 2.42%	59.53M
APOLLO GLOBAL MGMT INCOTR	SER A MAND CNV	650K	SH	$56.69M 2.23%	650K
KELLANOVAOTR	COM	698.07K	SH	$56.52M 2.23%	698.07K
DEXCOM INCOTR	NOTE 0.375% 5/1	60.50M	PRN	$54.30M 2.14%	60.50M
NCL CORP LTDOTR	NOTE 2.500% 2/1	51.27M	PRN	$54.03M 2.13%	51.27M
FRONTIER COMMUNICATIONS PAREOTR	COM	1.47M	SH	$51.18M 2.02%	1.47M
WAYFAIR INCOTR	NOTE 1.000% 8/1	54.23M	PRN	$50.33M 1.98%	54.23M
BLOCK INCOTR	NOTE 0.125% 3/0	50.29M	PRN	$50.04M 1.97%	50.29M
ALBEMARLE CORPOTR	7.25% DEP SHS A	1.16M	SH	$47.51M 1.87%	1.16M
UNITED STATES STL CORPOTR	NOTE 5.000%11/0	17.64M	PRN	$45.32M 1.79%	17.64M
DISCOVER FINL SVCSOTR	COM	250.29K	SH	$43.36M 1.71%	250.29K
ZTO EXPRESS CAYMAN INCOTR	NOTE 1.500% 9/0	43.50M	PRN	$43.23M 1.70%	43.50M
FORD MTR COOTR	NOTE3/1	43.50M	PRN	$42.14M 1.66%	43.50M
ALBERTSONS COS INCOTR	COMMON STOCK	2.13M	SH	$41.73M 1.64%	0.00
AKAMAI TECHNOLOGIES INCOTR	NOTE 0.125% 5/0	37.50M	PRN	$39.82M 1.57%	37.50M
ISHARES BITCOIN TRUST ETFOTR	SHS BEN INT	750K	SH	$39.79M 1.57%	750K
ARCADIUM LITHIUM PLCOTR	COM SHS	7.21M	SH	$36.99M 1.46%	7.21M

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