STEELHEAD PARTNERS LLC

Filed: 8/14/2023ACC: 0001133521-23-000007

📋 What this filing means

STEELHEAD PARTNERS LLC filed this quarterly 13F‑HR report disclosing 46 equity positions with a total reported market value of $1.58B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.58B

Total AUM (reported)

1.69B

Total Shares

Allocation by class

NOTE 1/1$195.08M12.4%

NOTE 3/1$148.12M9.4%

NOTE 12/0$94.82M6.0%

NOTE 11/0$93.60M5.9%

NOTE 0.250% 9/1$84.28M5.3%

NOTE 1.500% 4/0$60.14M3.8%

NOTE 0.125% 7/0$52.46M3.3%

Portfolio Concentration

Top 3$258.52M16.4%

4–10$356.23M22.6%

11–25$597.08M37.8%

Rest$366.24M23.2%

Top 3 weight

16.4%

Top 10 weight

39.0%

Voting Authority Distribution

Total shares with voting rights: 1.69B

Sole

Full voting authority

1.69B

% 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)

Sole46

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings46

Rows:

SPOT 0 03/15/26

SOLE

NOTE 3/1

Shares134M

TypePRN

Market value$114.10M

7.23%

Sole

134M

Shared

0.00

None

0.00

SEALTD 0 1/4 09/15/26

SOLE

NOTE 0.250% 9/1

Shares105M

TypePRN

Market value$84.28M

5.34%

Sole

105M

Shared

0.00

None

0.00

WGO 1 1/2 04/01/25

SOLE

NOTE 1.500% 4/0

Shares50M

TypePRN

Market value$60.14M

3.81%

Sole

50M

Shared

0.00

None

0.00

DOCU 0 01/15/24

SOLE

NOTE 1/1

Shares55.60M

TypePRN

Market value$53.82M

3.41%

Sole

55.60M

Shared

0.00

None

0.00

ZS 01/8 07/01/25

SOLE

NOTE 0.125% 7/0

Shares45M

TypePRN

Market value$52.46M

3.32%

Sole

45M

Shared

0.00

None

0.00

BILL 0 12/01/25

SOLE

NOTE 12/0

Shares50M

TypePRN

Market value$52.40M

3.32%

Sole

50M

Shared

0.00

None

0.00

ALRM 0 01/15/26

SOLE

NOTE 1/1

Shares60M

TypePRN

Market value$51.28M

3.25%

Sole

60M

Shared

0.00

None

0.00

FVRR 0 11/01/25

SOLE

NOTE 11/0

Shares59.78M

TypePRN

Market value$50.54M

3.20%

Sole

59.78M

Shared

0.00

None

0.00

TRIP 0 1/4 04/01/26

SOLE

NOTE 0.250% 4/0

Shares57.12M

TypePRN

Market value$48.16M

3.05%

Sole

57.12M

Shared

0.00

None

0.00

NET 0 08/15/26

SOLE

NOTE 8/1

Shares56M

TypePRN

Market value$47.56M

3.01%

Sole

56M

Shared

0.00

None

0.00

PTCT 1 1/2 09/15/26

SOLE

NOTE 1.500% 9/1

Shares45.20M

TypePRN

Market value$46.67M

2.96%

Sole

45.20M

Shared

0.00

None

0.00

JAZZ 1 1/2 08/15/24

SOLE

NOTE 1.500% 8/1

Shares46.04M

TypePRN

Market value$43.92M

2.78%

Sole

46.04M

Shared

0.00

None

0.00

SNAP 0 1/4 05/01/25

SOLE

NOTE 0.250% 5/0

Shares45M

TypePRN

Market value$43.36M

2.75%

Sole

45M

Shared

0.00

None

0.00

NVCR 0 11/01/25

SOLE

NOTE 11/0

Shares50M

TypePRN

Market value$43.06M

2.73%

Sole

50M

Shared

0.00

None

0.00

DOCN 0 12/01/26

SOLE

NOTE 12/0

Shares54M

TypePRN

Market value$42.42M

2.69%

Sole

54M

Shared

0.00

None

0.00

CFLT 0 01/15/27

SOLE

NOTE 1/1

Shares50M

TypePRN

Market value$41.53M

2.63%

Sole

50M

Shared

0.00

None

0.00

LYFT 1 1/2 05/15/25

SOLE

NOTE 1.500% 5/1

Shares45M

TypePRN

Market value$40.53M

2.57%

Sole

45M

Shared

0.00

None

0.00

Z 0 3/4 09/01/24

SOLE

NOTE 0.750% 9/0

Shares32.50M

TypePRN

Market value$40.28M

2.55%

Sole

32.50M

Shared

0.00

None

0.00

ETSY 0 1/4 06/15/28

SOLE

NOTE 0.250% 6/1

Shares50.50M

TypePRN

Market value$39.09M

2.48%

Sole

50.50M

Shared

0.00

None

0.00

IDCC 2 06/01/24

SOLE

NOTE 2.000% 6/0

Shares31.80M

TypePRN

Market value$38.67M

2.45%

Sole

31.80M

Shared

0.00

None

0.00

PCRX 0 3/4 08/01/25

SOLE

NOTE 0.750% 8/0

Shares40.69M

TypePRN

Market value$37.61M

2.38%

Sole

40.69M

Shared

0.00

None

0.00

OKTA 0 3/8 06/15/26

SOLE

NOTE 0.375% 6/1

Shares43M

TypePRN

Market value$37.02M

2.35%

Sole

43M

Shared

0.00

None

0.00

VAC 0 01/15/26

SOLE

NOTE 1/1

Shares38.74M

TypePRN

Market value$35.98M

2.28%

Sole

38.74M

Shared

0.00

None

0.00

BL 0 03/15/26

SOLE

NOTE 3/1

Shares40M

TypePRN

Market value$34.02M

2.16%

Sole

40M

Shared

0.00

None

0.00

VRNS 1 1/4 08/15/25

SOLE

NOTE 1.250% 8/1

Shares30M

TypePRN

Market value$32.92M

2.09%

Sole

30M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SPOT 0 03/15/26SOLE	NOTE 3/1	134M	PRN	$114.10M 7.23%	134M
SEALTD 0 1/4 09/15/26SOLE	NOTE 0.250% 9/1	105M	PRN	$84.28M 5.34%	105M
WGO 1 1/2 04/01/25SOLE	NOTE 1.500% 4/0	50M	PRN	$60.14M 3.81%	50M
DOCU 0 01/15/24SOLE	NOTE 1/1	55.60M	PRN	$53.82M 3.41%	55.60M
ZS 01/8 07/01/25SOLE	NOTE 0.125% 7/0	45M	PRN	$52.46M 3.32%	45M
BILL 0 12/01/25SOLE	NOTE 12/0	50M	PRN	$52.40M 3.32%	50M
ALRM 0 01/15/26SOLE	NOTE 1/1	60M	PRN	$51.28M 3.25%	60M
FVRR 0 11/01/25SOLE	NOTE 11/0	59.78M	PRN	$50.54M 3.20%	59.78M
TRIP 0 1/4 04/01/26SOLE	NOTE 0.250% 4/0	57.12M	PRN	$48.16M 3.05%	57.12M
NET 0 08/15/26SOLE	NOTE 8/1	56M	PRN	$47.56M 3.01%	56M
PTCT 1 1/2 09/15/26SOLE	NOTE 1.500% 9/1	45.20M	PRN	$46.67M 2.96%	45.20M
JAZZ 1 1/2 08/15/24SOLE	NOTE 1.500% 8/1	46.04M	PRN	$43.92M 2.78%	46.04M
SNAP 0 1/4 05/01/25SOLE	NOTE 0.250% 5/0	45M	PRN	$43.36M 2.75%	45M
NVCR 0 11/01/25SOLE	NOTE 11/0	50M	PRN	$43.06M 2.73%	50M
DOCN 0 12/01/26SOLE	NOTE 12/0	54M	PRN	$42.42M 2.69%	54M
CFLT 0 01/15/27SOLE	NOTE 1/1	50M	PRN	$41.53M 2.63%	50M
LYFT 1 1/2 05/15/25SOLE	NOTE 1.500% 5/1	45M	PRN	$40.53M 2.57%	45M
Z 0 3/4 09/01/24SOLE	NOTE 0.750% 9/0	32.50M	PRN	$40.28M 2.55%	32.50M
ETSY 0 1/4 06/15/28SOLE	NOTE 0.250% 6/1	50.50M	PRN	$39.09M 2.48%	50.50M
IDCC 2 06/01/24SOLE	NOTE 2.000% 6/0	31.80M	PRN	$38.67M 2.45%	31.80M
PCRX 0 3/4 08/01/25SOLE	NOTE 0.750% 8/0	40.69M	PRN	$37.61M 2.38%	40.69M
OKTA 0 3/8 06/15/26SOLE	NOTE 0.375% 6/1	43M	PRN	$37.02M 2.35%	43M
VAC 0 01/15/26SOLE	NOTE 1/1	38.74M	PRN	$35.98M 2.28%	38.74M
BL 0 03/15/26SOLE	NOTE 3/1	40M	PRN	$34.02M 2.16%	40M
VRNS 1 1/4 08/15/25SOLE	NOTE 1.250% 8/1	30M	PRN	$32.92M 2.09%	30M

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