STEELHEAD PARTNERS LLC

Filed: 5/15/2023ACC: 0001133521-23-000006

📋 What this filing means

STEELHEAD PARTNERS LLC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $1.54B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.54B

Total AUM (reported)

1.66B

Total Shares

Allocation by class

NOTE 1/1$214.31M14.0%

NOTE 3/1$160.94M10.5%

NOTE 11/0$91.32M5.9%

NOTE 12/0$85.53M5.6%

NOTE 0.375% 6/1$59.51M3.9%

NOTE 11/1$58.72M3.8%

NOTE 0.250% 9/1$54.38M3.5%

Portfolio Concentration

Top 3$233.21M15.2%

4–10$372.67M24.3%

11–25$558.35M36.4%

Rest$371.69M24.2%

Top 3 weight

15.2%

Top 10 weight

39.4%

Voting Authority Distribution

Total shares with voting rights: 1.66B

Sole

Full voting authority

1.66B

% 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)

Sole49

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings49

Rows:

SPOT 0 03/15/26

SOLE

NOTE 3/1

Shares137.91M

TypePRN

Market value$115.61M

7.53%

Sole

137.91M

Shared

0.00

None

0.00

OKTA 0 3/8 06/15/26

SOLE

NOTE 0.375% 6/1

Shares69.30M

TypePRN

Market value$59.51M

3.87%

Sole

69.30M

Shared

0.00

None

0.00

DOCU 0 01/15/24

SOLE

NOTE 1/1

Shares60.60M

TypePRN

Market value$58.09M

3.78%

Sole

60.60M

Shared

0.00

None

0.00

BILL 0 12/01/25

SOLE

NOTE 12/0

Shares60.68M

TypePRN

Market value$55.72M

3.63%

Sole

60.68M

Shared

0.00

None

0.00

ALRM 0 01/15/26

SOLE

NOTE 1/1

Shares65M

TypePRN

Market value$54.97M

3.58%

Sole

65M

Shared

0.00

None

0.00

SEALTD 0 1/4 09/15/26

SOLE

NOTE 0.250% 9/1

Shares68.82M

TypePRN

Market value$54.38M

3.54%

Sole

68.82M

Shared

0.00

None

0.00

NET 0 08/15/26

SOLE

NOTE 8/1

Shares64.08M

TypePRN

Market value$54.20M

3.53%

Sole

64.08M

Shared

0.00

None

0.00

PTCT 1 1/2 09/15/26

SOLE

NOTE 1.500% 9/1

Shares45.20M

TypePRN

Market value$51.46M

3.35%

Sole

45.20M

Shared

0.00

None

0.00

JAZZ 2 06/15/26

SOLE

NOTE 2.000% 6/1

Shares46M

TypePRN

Market value$51.11M

3.33%

Sole

46M

Shared

0.00

None

0.00

FVRR 0 11/01/25

SOLE

NOTE 11/0

Shares60.78M

TypePRN

Market value$50.83M

3.31%

Sole

60.78M

Shared

0.00

None

0.00

WGO 1 1/2 04/01/25

SOLE

NOTE 1.500% 4/0

Shares44M

TypePRN

Market value$48.63M

3.17%

Sole

44M

Shared

0.00

None

0.00

MGPI 1 7/8 11/15/41

SOLE

NOTE 1.875%11/1

Shares38.12M

TypePRN

Market value$44.83M

2.92%

Sole

38.12M

Shared

0.00

None

0.00

VAC 0 01/15/26

SOLE

NOTE 1/1

Shares45M

TypePRN

Market value$43.70M

2.85%

Sole

45M

Shared

0.00

None

0.00

SNAP 0 1/4 05/01/25

SOLE

NOTE 0.250% 5/0

Shares42.68M

TypePRN

Market value$40.66M

2.65%

Sole

42.68M

Shared

0.00

None

0.00

NVCR 0 11/01/25

SOLE

NOTE 11/0

Shares46.56M

TypePRN

Market value$40.49M

2.64%

Sole

46.56M

Shared

0.00

None

0.00

LITE 0 1/2 12/15/26

SOLE

NOTE 0.500%12/1

Shares45.77M

TypePRN

Market value$40.03M

2.61%

Sole

45.77M

Shared

0.00

None

0.00

CYBR 0 11/15/24

SOLE

NOTE 11/1

Shares35.05M

TypePRN

Market value$39.31M

2.56%

Sole

35.05M

Shared

0.00

None

0.00

CFLT 0 01/15/27

SOLE

NOTE 1/1

Shares46M

TypePRN

Market value$36.35M

2.37%

Sole

46M

Shared

0.00

None

0.00

LYFT 1 1/2 05/15/25

SOLE

NOTE 1.500% 5/1

Shares41M

TypePRN

Market value$36.25M

2.36%

Sole

41M

Shared

0.00

None

0.00

PRGS 1 04/15/26

SOLE

NOTE 1.000% 4/1

Shares33M

TypePRN

Market value$36.04M

2.35%

Sole

33M

Shared

0.00

None

0.00

VRNS 1 1/4 08/15/25

SOLE

NOTE 1.250% 8/1

Shares30M

TypePRN

Market value$32.87M

2.14%

Sole

30M

Shared

0.00

None

0.00

ZS 01/8 07/01/25

SOLE

NOTE 0.125% 7/0

Shares31M

TypePRN

Market value$32.71M

2.13%

Sole

31M

Shared

0.00

None

0.00

DOCN 0 12/01/26

SOLE

NOTE 12/0

Shares38M

TypePRN

Market value$29.82M

1.94%

Sole

38M

Shared

0.00

None

0.00

JAZZ 1 1/2 08/15/24

SOLE

NOTE 1.500% 8/1

Shares29.60M

TypePRN

Market value$28.64M

1.86%

Sole

29.60M

Shared

0.00

None

0.00

GWRE 1 1/4 03/15/25

SOLE

NOTE 1.250% 3/1

Shares28.50M

TypePRN

Market value$28.03M

1.83%

Sole

28.50M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SPOT 0 03/15/26SOLE	NOTE 3/1	137.91M	PRN	$115.61M 7.53%	137.91M
OKTA 0 3/8 06/15/26SOLE	NOTE 0.375% 6/1	69.30M	PRN	$59.51M 3.87%	69.30M
DOCU 0 01/15/24SOLE	NOTE 1/1	60.60M	PRN	$58.09M 3.78%	60.60M
BILL 0 12/01/25SOLE	NOTE 12/0	60.68M	PRN	$55.72M 3.63%	60.68M
ALRM 0 01/15/26SOLE	NOTE 1/1	65M	PRN	$54.97M 3.58%	65M
SEALTD 0 1/4 09/15/26SOLE	NOTE 0.250% 9/1	68.82M	PRN	$54.38M 3.54%	68.82M
NET 0 08/15/26SOLE	NOTE 8/1	64.08M	PRN	$54.20M 3.53%	64.08M
PTCT 1 1/2 09/15/26SOLE	NOTE 1.500% 9/1	45.20M	PRN	$51.46M 3.35%	45.20M
JAZZ 2 06/15/26SOLE	NOTE 2.000% 6/1	46M	PRN	$51.11M 3.33%	46M
FVRR 0 11/01/25SOLE	NOTE 11/0	60.78M	PRN	$50.83M 3.31%	60.78M
WGO 1 1/2 04/01/25SOLE	NOTE 1.500% 4/0	44M	PRN	$48.63M 3.17%	44M
MGPI 1 7/8 11/15/41SOLE	NOTE 1.875%11/1	38.12M	PRN	$44.83M 2.92%	38.12M
VAC 0 01/15/26SOLE	NOTE 1/1	45M	PRN	$43.70M 2.85%	45M
SNAP 0 1/4 05/01/25SOLE	NOTE 0.250% 5/0	42.68M	PRN	$40.66M 2.65%	42.68M
NVCR 0 11/01/25SOLE	NOTE 11/0	46.56M	PRN	$40.49M 2.64%	46.56M
LITE 0 1/2 12/15/26SOLE	NOTE 0.500%12/1	45.77M	PRN	$40.03M 2.61%	45.77M
CYBR 0 11/15/24SOLE	NOTE 11/1	35.05M	PRN	$39.31M 2.56%	35.05M
CFLT 0 01/15/27SOLE	NOTE 1/1	46M	PRN	$36.35M 2.37%	46M
LYFT 1 1/2 05/15/25SOLE	NOTE 1.500% 5/1	41M	PRN	$36.25M 2.36%	41M
PRGS 1 04/15/26SOLE	NOTE 1.000% 4/1	33M	PRN	$36.04M 2.35%	33M
VRNS 1 1/4 08/15/25SOLE	NOTE 1.250% 8/1	30M	PRN	$32.87M 2.14%	30M
ZS 01/8 07/01/25SOLE	NOTE 0.125% 7/0	31M	PRN	$32.71M 2.13%	31M
DOCN 0 12/01/26SOLE	NOTE 12/0	38M	PRN	$29.82M 1.94%	38M
JAZZ 1 1/2 08/15/24SOLE	NOTE 1.500% 8/1	29.60M	PRN	$28.64M 1.86%	29.60M
GWRE 1 1/4 03/15/25SOLE	NOTE 1.250% 3/1	28.50M	PRN	$28.03M 1.83%	28.50M

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