STEELHEAD PARTNERS LLC

Filed: 2/14/2023ACC: 0001133521-23-000002

📋 What this filing means

STEELHEAD PARTNERS LLC filed this quarterly 13F‑HR report disclosing 41 equity positions with a total reported market value of $1.37B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.37B

Total AUM (reported)

1.50B

Total Shares

Allocation by class

NOTE 1/1$174.00M12.7%

NOTE 3/1$144.65M10.5%

NOTE 11/0$106.66M7.8%

NOTE 11/1$78.51M5.7%

NOTE 0.125% 9/0$55.44M4.0%

NOTE 2.000% 6/1$55.01M4.0%

NOTE 1.500% 9/1$50.48M3.7%

Portfolio Concentration

Top 3$225.58M16.4%

4–10$354.58M25.8%

11–25$532.54M38.8%

Rest$260.42M19.0%

Top 3 weight

16.4%

Top 10 weight

42.3%

Voting Authority Distribution

Total shares with voting rights: 1.50B

Sole

Full voting authority

1.50B

% 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)

Sole41

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings41

Rows:

SPOT 0 03/15/26

SOLE

NOTE 3/1

Shares126.87M

TypePRN

Market value$102.36M

7.45%

Sole

126.87M

Shared

0.00

None

0.00

ALRM 0 01/15/26

SOLE

NOTE 1/1

Shares76.27M

TypePRN

Market value$62.77M

4.57%

Sole

76.27M

Shared

0.00

None

0.00

NVCR 0 11/01/25

SOLE

NOTE 11/0

Shares67.74M

TypePRN

Market value$60.45M

4.40%

Sole

67.74M

Shared

0.00

None

0.00

JAZZ 2 06/15/26

SOLE

NOTE 2.000% 6/1

Shares46.01M

TypePRN

Market value$55.01M

4.01%

Sole

46.01M

Shared

0.00

None

0.00

DOCU 0 01/15/24

SOLE

NOTE 1/1

Shares57.50M

TypePRN

Market value$54.28M

3.95%

Sole

57.50M

Shared

0.00

None

0.00

OKTA 0 3/8 06/15/26

SOLE

NOTE 0.125% 9/0

Shares62.40M

TypePRN

Market value$52.78M

3.84%

Sole

62.40M

Shared

0.00

None

0.00

PTCT 1 1/2 09/15/26

SOLE

NOTE 1.500% 9/1

Shares51.24M

TypePRN

Market value$50.48M

3.68%

Sole

51.24M

Shared

0.00

None

0.00

CYBR 0 11/15/24

SOLE

NOTE 11/1

Shares45.48M

TypePRN

Market value$48.41M

3.53%

Sole

45.48M

Shared

0.00

None

0.00

WGO 1 1/2 04/01/25

SOLE

NOTE 1.500% 4/0

Shares45M

TypePRN

Market value$47.40M

3.45%

Sole

45M

Shared

0.00

None

0.00

FVRR 0 11/01/25

SOLE

NOTE 11/0

Shares57M

TypePRN

Market value$46.21M

3.37%

Sole

57M

Shared

0.00

None

0.00

NET 0 08/15/26

SOLE

NOTE 8/1

Shares56M

TypePRN

Market value$46.01M

3.35%

Sole

56M

Shared

0.00

None

0.00

ZS 01/8 07/01/25

SOLE

NOTE 0.125% 7/0

Shares43.50M

TypePRN

Market value$45.79M

3.33%

Sole

43.50M

Shared

0.00

None

0.00

MGPI 1 7/8 11/15/41

SOLE

NOTE 1.875%11/1

Shares35M

TypePRN

Market value$44.24M

3.22%

Sole

35M

Shared

0.00

None

0.00

GWRE 1 1/4 03/15/25

SOLE

NOTE 1.250% 3/1

Shares47.13M

TypePRN

Market value$43.83M

3.19%

Sole

47.13M

Shared

0.00

None

0.00

VRNS 1 1/4 08/15/25

SOLE

NOTE 1.250% 8/1

Shares40.02M

TypePRN

Market value$42.11M

3.07%

Sole

40.02M

Shared

0.00

None

0.00

PRGS 1 04/15/26

SOLE

NOTE 1.000% 4/1

Shares39.90M

TypePRN

Market value$40.87M

2.98%

Sole

39.90M

Shared

0.00

None

0.00

SNAP 0 1/4 05/01/25

SOLE

NOTE 0.250% 5/0

Shares40.64M

TypePRN

Market value$36.87M

2.68%

Sole

40.64M

Shared

0.00

None

0.00

CFLT 0 01/15/27

SOLE

NOTE 1/1

Shares41.34M

TypePRN

Market value$31.53M

2.30%

Sole

41.34M

Shared

0.00

None

0.00

BILL 0 12/01/25

SOLE

NOTE 12/0

Shares30M

TypePRN

Market value$30.88M

2.25%

Sole

30M

Shared

0.00

None

0.00

IDCC 2 06/01/24

SOLE

NOTE 2.000% 6/0

Shares31.37M

TypePRN

Market value$30.13M

2.19%

Sole

31.37M

Shared

0.00

None

0.00

U 0 11/15/26

SOLE

NOTE 11/1

Shares40M

TypePRN

Market value$30.09M

2.19%

Sole

40M

Shared

0.00

None

0.00

SQ 0 05/01/26

SOLE

NOTE 5/0

Shares35.20M

TypePRN

Market value$28.63M

2.09%

Sole

35.20M

Shared

0.00

None

0.00

JAZZ 1 1/2 08/15/24

SOLE

NOTE 1.500% 8/1

Shares28.40M

TypePRN

Market value$28.08M

2.05%

Sole

28.40M

Shared

0.00

None

0.00

PCRX 0 3/4 08/01/25

SOLE

NOTE 0.750% 8/0

Shares30M

TypePRN

Market value$27.13M

1.98%

Sole

30M

Shared

0.00

None

0.00

UPWK 0 1/4 08/15/26

SOLE

NOTE 0.250% 8/1

Shares35M

TypePRN

Market value$26.33M

1.92%

Sole

35M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SPOT 0 03/15/26SOLE	NOTE 3/1	126.87M	PRN	$102.36M 7.45%	126.87M
ALRM 0 01/15/26SOLE	NOTE 1/1	76.27M	PRN	$62.77M 4.57%	76.27M
NVCR 0 11/01/25SOLE	NOTE 11/0	67.74M	PRN	$60.45M 4.40%	67.74M
JAZZ 2 06/15/26SOLE	NOTE 2.000% 6/1	46.01M	PRN	$55.01M 4.01%	46.01M
DOCU 0 01/15/24SOLE	NOTE 1/1	57.50M	PRN	$54.28M 3.95%	57.50M
OKTA 0 3/8 06/15/26SOLE	NOTE 0.125% 9/0	62.40M	PRN	$52.78M 3.84%	62.40M
PTCT 1 1/2 09/15/26SOLE	NOTE 1.500% 9/1	51.24M	PRN	$50.48M 3.68%	51.24M
CYBR 0 11/15/24SOLE	NOTE 11/1	45.48M	PRN	$48.41M 3.53%	45.48M
WGO 1 1/2 04/01/25SOLE	NOTE 1.500% 4/0	45M	PRN	$47.40M 3.45%	45M
FVRR 0 11/01/25SOLE	NOTE 11/0	57M	PRN	$46.21M 3.37%	57M
NET 0 08/15/26SOLE	NOTE 8/1	56M	PRN	$46.01M 3.35%	56M
ZS 01/8 07/01/25SOLE	NOTE 0.125% 7/0	43.50M	PRN	$45.79M 3.33%	43.50M
MGPI 1 7/8 11/15/41SOLE	NOTE 1.875%11/1	35M	PRN	$44.24M 3.22%	35M
GWRE 1 1/4 03/15/25SOLE	NOTE 1.250% 3/1	47.13M	PRN	$43.83M 3.19%	47.13M
VRNS 1 1/4 08/15/25SOLE	NOTE 1.250% 8/1	40.02M	PRN	$42.11M 3.07%	40.02M
PRGS 1 04/15/26SOLE	NOTE 1.000% 4/1	39.90M	PRN	$40.87M 2.98%	39.90M
SNAP 0 1/4 05/01/25SOLE	NOTE 0.250% 5/0	40.64M	PRN	$36.87M 2.68%	40.64M
CFLT 0 01/15/27SOLE	NOTE 1/1	41.34M	PRN	$31.53M 2.30%	41.34M
BILL 0 12/01/25SOLE	NOTE 12/0	30M	PRN	$30.88M 2.25%	30M
IDCC 2 06/01/24SOLE	NOTE 2.000% 6/0	31.37M	PRN	$30.13M 2.19%	31.37M
U 0 11/15/26SOLE	NOTE 11/1	40M	PRN	$30.09M 2.19%	40M
SQ 0 05/01/26SOLE	NOTE 5/0	35.20M	PRN	$28.63M 2.09%	35.20M
JAZZ 1 1/2 08/15/24SOLE	NOTE 1.500% 8/1	28.40M	PRN	$28.08M 2.05%	28.40M
PCRX 0 3/4 08/01/25SOLE	NOTE 0.750% 8/0	30M	PRN	$27.13M 1.98%	30M
UPWK 0 1/4 08/15/26SOLE	NOTE 0.250% 8/1	35M	PRN	$26.33M 1.92%	35M

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