STEELHEAD PARTNERS LLC

Filed: 11/14/2023ACC: 0001133521-23-000009

📋 What this filing means

STEELHEAD PARTNERS LLC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $1.71B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.71B

Total AUM (reported)

1.84B

Total Shares

Allocation by class

NOTE 1/1$181.83M10.7%

NOTE 3/1$153.37M9.0%

NOTE 0.250% 9/1$87.94M5.2%

NOTE 11/0$84.76M5.0%

NOTE 4/0$66.76M3.9%

NOTE 11/1$66.24M3.9%

NOTE 1.500% 4/0$63.48M3.7%

Portfolio Concentration

Top 3$266.85M15.6%

4–10$364.68M21.4%

11–25$581.51M34.1%

Rest$493.79M28.9%

Top 3 weight

15.6%

Top 10 weight

37.0%

Voting Authority Distribution

Total shares with voting rights: 1.84B

Sole

Full voting authority

1.84B

% 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

Shares135.55M

TypePRN

Market value$115.44M

6.76%

Sole

135.55M

Shared

0.00

None

0.00

SEALTD 0 1/4 09/15/26

SOLE

NOTE 0.250% 9/1

Shares110M

TypePRN

Market value$87.94M

5.15%

Sole

110M

Shared

0.00

None

0.00

WGO 1 1/2 04/01/25

SOLE

NOTE 1.500% 4/0

Shares56.55M

TypePRN

Market value$63.48M

3.72%

Sole

56.55M

Shared

0.00

None

0.00

ZS 01/8 07/01/25

SOLE

NOTE 0.125% 7/0

Shares47.50M

TypePRN

Market value$57.16M

3.35%

Sole

47.50M

Shared

0.00

None

0.00

IONS 0 04/01/26

SOLE

NOTE 4/0

Shares54.80M

TypePRN

Market value$53.73M

3.15%

Sole

54.80M

Shared

0.00

None

0.00

ALRM 0 01/15/26

SOLE

NOTE 1/1

Shares60M

TypePRN

Market value$52.02M

3.05%

Sole

60M

Shared

0.00

None

0.00

ALNY 1 09/15/27

SOLE

NOTE 1.000% 9/1

Shares55M

TypePRN

Market value$51.12M

2.99%

Sole

55M

Shared

0.00

None

0.00

TRIP 0 1/4 04/01/26

SOLE

NOTE 0.250% 4/0

Shares60M

TypePRN

Market value$50.90M

2.98%

Sole

60M

Shared

0.00

None

0.00

BILL 0 12/01/25

SOLE

NOTE 12/0

Shares50M

TypePRN

Market value$50.28M

2.95%

Sole

50M

Shared

0.00

None

0.00

FVRR 0 11/01/25

SOLE

NOTE 11/0

Shares57M

TypePRN

Market value$49.47M

2.90%

Sole

57M

Shared

0.00

None

0.00

NET 0 08/15/26

SOLE

NOTE 8/1

Shares56M

TypePRN

Market value$47.68M

2.79%

Sole

56M

Shared

0.00

None

0.00

LYFT 1 1/2 05/15/25

SOLE

NOTE 1.500% 5/1

Shares47.50M

TypePRN

Market value$43.78M

2.56%

Sole

47.50M

Shared

0.00

None

0.00

ETSY 0 1/4 06/15/28

SOLE

NOTE 0.250% 6/1

Shares55M

TypePRN

Market value$41.73M

2.44%

Sole

55M

Shared

0.00

None

0.00

SNAP 0 1/4 05/01/25

SOLE

NOTE 0.250% 5/0

Shares45M

TypePRN

Market value$41.49M

2.43%

Sole

45M

Shared

0.00

None

0.00

CFLT 0 01/15/27

SOLE

NOTE 1/1

Shares50M

TypePRN

Market value$40.92M

2.40%

Sole

50M

Shared

0.00

None

0.00

DOCU 0 01/15/24

SOLE

NOTE 1/1

Shares40.66M

TypePRN

Market value$39.90M

2.34%

Sole

40.66M

Shared

0.00

None

0.00

SEDG 0 09/15/25

SOLE

NOTE 9/1

Shares43.50M

TypePRN

Market value$39.75M

2.33%

Sole

43.50M

Shared

0.00

None

0.00

JAZZ 1 1/2 08/15/24

SOLE

NOTE 1.500% 8/1

Shares40M

TypePRN

Market value$38.66M

2.27%

Sole

40M

Shared

0.00

None

0.00

Z 0 3/4 09/01/24

SOLE

NOTE 0.750% 9/0

Shares32.50M

TypePRN

Market value$37.95M

2.22%

Sole

32.50M

Shared

0.00

None

0.00

BL 0 1/8 08/01/24

SOLE

NOTE 0.125% 8/0

Shares36M

TypePRN

Market value$35.87M

2.10%

Sole

36M

Shared

0.00

None

0.00

NVCR 0 11/01/25

SOLE

NOTE 11/0

Shares41M

TypePRN

Market value$35.29M

2.07%

Sole

41M

Shared

0.00

None

0.00

VRNS 1 1/4 08/15/25

SOLE

NOTE 1.250% 8/1

Shares30M

TypePRN

Market value$35.08M

2.06%

Sole

30M

Shared

0.00

None

0.00

PCRX 0 3/4 08/01/25

SOLE

NOTE 0.750% 8/0

Shares38.60M

TypePRN

Market value$35.03M

2.05%

Sole

38.60M

Shared

0.00

None

0.00

BL 0 03/15/26

SOLE

NOTE 3/1

Shares40M

TypePRN

Market value$34.49M

2.02%

Sole

40M

Shared

0.00

None

0.00

U 0 11/15/26

SOLE

NOTE 11/1

Shares42.68M

TypePRN

Market value$33.90M

1.99%

Sole

42.68M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SPOT 0 03/15/26SOLE	NOTE 3/1	135.55M	PRN	$115.44M 6.76%	135.55M
SEALTD 0 1/4 09/15/26SOLE	NOTE 0.250% 9/1	110M	PRN	$87.94M 5.15%	110M
WGO 1 1/2 04/01/25SOLE	NOTE 1.500% 4/0	56.55M	PRN	$63.48M 3.72%	56.55M
ZS 01/8 07/01/25SOLE	NOTE 0.125% 7/0	47.50M	PRN	$57.16M 3.35%	47.50M
IONS 0 04/01/26SOLE	NOTE 4/0	54.80M	PRN	$53.73M 3.15%	54.80M
ALRM 0 01/15/26SOLE	NOTE 1/1	60M	PRN	$52.02M 3.05%	60M
ALNY 1 09/15/27SOLE	NOTE 1.000% 9/1	55M	PRN	$51.12M 2.99%	55M
TRIP 0 1/4 04/01/26SOLE	NOTE 0.250% 4/0	60M	PRN	$50.90M 2.98%	60M
BILL 0 12/01/25SOLE	NOTE 12/0	50M	PRN	$50.28M 2.95%	50M
FVRR 0 11/01/25SOLE	NOTE 11/0	57M	PRN	$49.47M 2.90%	57M
NET 0 08/15/26SOLE	NOTE 8/1	56M	PRN	$47.68M 2.79%	56M
LYFT 1 1/2 05/15/25SOLE	NOTE 1.500% 5/1	47.50M	PRN	$43.78M 2.56%	47.50M
ETSY 0 1/4 06/15/28SOLE	NOTE 0.250% 6/1	55M	PRN	$41.73M 2.44%	55M
SNAP 0 1/4 05/01/25SOLE	NOTE 0.250% 5/0	45M	PRN	$41.49M 2.43%	45M
CFLT 0 01/15/27SOLE	NOTE 1/1	50M	PRN	$40.92M 2.40%	50M
DOCU 0 01/15/24SOLE	NOTE 1/1	40.66M	PRN	$39.90M 2.34%	40.66M
SEDG 0 09/15/25SOLE	NOTE 9/1	43.50M	PRN	$39.75M 2.33%	43.50M
JAZZ 1 1/2 08/15/24SOLE	NOTE 1.500% 8/1	40M	PRN	$38.66M 2.27%	40M
Z 0 3/4 09/01/24SOLE	NOTE 0.750% 9/0	32.50M	PRN	$37.95M 2.22%	32.50M
BL 0 1/8 08/01/24SOLE	NOTE 0.125% 8/0	36M	PRN	$35.87M 2.10%	36M
NVCR 0 11/01/25SOLE	NOTE 11/0	41M	PRN	$35.29M 2.07%	41M
VRNS 1 1/4 08/15/25SOLE	NOTE 1.250% 8/1	30M	PRN	$35.08M 2.06%	30M
PCRX 0 3/4 08/01/25SOLE	NOTE 0.750% 8/0	38.60M	PRN	$35.03M 2.05%	38.60M
BL 0 03/15/26SOLE	NOTE 3/1	40M	PRN	$34.49M 2.02%	40M
U 0 11/15/26SOLE	NOTE 11/1	42.68M	PRN	$33.90M 1.99%	42.68M

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