STEELHEAD PARTNERS LLC

Filed: 2/14/2024ACC: 0001133521-24-000003

📋 What this filing means

STEELHEAD PARTNERS LLC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $1.93B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.93B

Total AUM (reported)

2.01B

Total Shares

Allocation by class

NOTE 3/1$151.96M7.9%

NOTE 1/1$149.66M7.8%

NOTE 4/0$106.55M5.5%

NOTE 0.250% 9/1$94.85M4.9%

NOTE 8/1$90.69M4.7%

NOTE 0.500%12/1 ADDED$88.04M4.6%

NOTE 11/0$81.67M4.2%

Portfolio Concentration

Top 3$287.87M14.9%

4–10$448.24M23.3%

11–25$698.93M36.3%

Rest$491.88M25.5%

Top 3 weight

14.9%

Top 10 weight

38.2%

Voting Authority Distribution

Total shares with voting rights: 2.01B

Sole

Full voting authority

2.01B

% 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

Shares118.80M

TypePRN

Market value$104.98M

5.45%

Sole

118.80M

Shared

0.00

None

0.00

SEALTD 0 1/4 09/15/26

SOLE

NOTE 0.250% 9/1

Shares115.06M

TypePRN

Market value$94.85M

4.92%

Sole

115.06M

Shared

0.00

None

0.00

AXON 0 1/2 12/15/27

SOLE

NOTE 0.500%12/1 ADDED

Shares69.56M

TypePRN

Market value$88.04M

4.57%

Sole

69.56M

Shared

0.00

None

0.00

NET 0 08/15/26

SOLE

NOTE 8/1

Shares85.04M

TypePRN

Market value$77.00M

4.00%

Sole

85.04M

Shared

0.00

None

0.00

WGO 1 1/2 04/01/25

SOLE

NOTE 1.500% 4/0

Shares58.48M

TypePRN

Market value$73.54M

3.82%

Sole

58.48M

Shared

0.00

None

0.00

IDCC 2 06/01/24

SOLE

NOTE 2.000% 6/0

Shares45.97M

TypePRN

Market value$61.43M

3.19%

Sole

45.97M

Shared

0.00

None

0.00

ALRM 0 01/15/26

SOLE

NOTE 1/1

Shares68M

TypePRN

Market value$60.49M

3.14%

Sole

68M

Shared

0.00

None

0.00

IONS 0 04/01/26

SOLE

NOTE 4/0

Shares55.49M

TypePRN

Market value$58.67M

3.04%

Sole

55.49M

Shared

0.00

None

0.00

BILL 0 12/01/25

SOLE

NOTE 12/0

Shares62.52M

TypePRN

Market value$58.56M

3.04%

Sole

62.52M

Shared

0.00

None

0.00

CFLT 0 01/15/27

SOLE

NOTE 1/1

Shares70M

TypePRN

Market value$58.55M

3.04%

Sole

70M

Shared

0.00

None

0.00

TRIP 0 1/4 04/01/26

SOLE

NOTE 0.250% 4/0

Shares63.08M

TypePRN

Market value$55.52M

2.88%

Sole

63.08M

Shared

0.00

None

0.00

SEDG 0 09/15/25

SOLE

NOTE 9/1

Shares60M

TypePRN

Market value$54.65M

2.84%

Sole

60M

Shared

0.00

None

0.00

ALNY 1 09/15/27

SOLE

NOTE 1.000% 9/1

Shares55M

TypePRN

Market value$54.51M

2.83%

Sole

55M

Shared

0.00

None

0.00

SNAP 0 1/4 05/01/25

SOLE

NOTE 0.250% 5/0

Shares50M

TypePRN

Market value$53.01M

2.75%

Sole

50M

Shared

0.00

None

0.00

FVRR 0 11/01/25

SOLE

NOTE 11/0

Shares57M

TypePRN

Market value$50.73M

2.63%

Sole

57M

Shared

0.00

None

0.00

BILL 0 04/01/27

SOLE

NOTE 4/0

Shares57.50M

TypePRN

Market value$47.88M

2.48%

Sole

57.50M

Shared

0.00

None

0.00

BL 0 03/15/26

SOLE

NOTE 3/1

Shares52.92M

TypePRN

Market value$46.99M

2.44%

Sole

52.92M

Shared

0.00

None

0.00

ETSY 0 1/4 06/15/28

SOLE

NOTE 0.250% 6/1

Shares56.50M

TypePRN

Market value$45.30M

2.35%

Sole

56.50M

Shared

0.00

None

0.00

SQ 0 05/01/26

SOLE

NOTE 5/0

Shares51.03M

TypePRN

Market value$44.86M

2.33%

Sole

51.03M

Shared

0.00

None

0.00

PTCT 1 1/2 09/15/26

SOLE

NOTE 1.500% 9/1

Shares46.30M

TypePRN

Market value$42.76M

2.22%

Sole

46.30M

Shared

0.00

None

0.00

UPWK 0 1/4 08/15/26

SOLE

NOTE 0.250% 8/1

Shares50M

TypePRN

Market value$42.72M

2.22%

Sole

50M

Shared

0.00

None

0.00

U 0 11/15/26

SOLE

NOTE 11/1

Shares51M

TypePRN

Market value$42.52M

2.21%

Sole

51M

Shared

0.00

None

0.00

LITE 0 1/2 12/15/26

SOLE

NOTE 0.500%12/1

Shares44.50M

TypePRN

Market value$39.68M

2.06%

Sole

44.50M

Shared

0.00

None

0.00

BL 0 1/8 08/01/24

SOLE

NOTE 0.125% 8/0

Shares38.70M

TypePRN

Market value$39.67M

2.06%

Sole

38.70M

Shared

0.00

None

0.00

LYFT 1 1/2 05/15/25

SOLE

NOTE 1.500% 5/1

Shares40M

TypePRN

Market value$38.13M

1.98%

Sole

40M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SPOT 0 03/15/26SOLE	NOTE 3/1	118.80M	PRN	$104.98M 5.45%	118.80M
SEALTD 0 1/4 09/15/26SOLE	NOTE 0.250% 9/1	115.06M	PRN	$94.85M 4.92%	115.06M
AXON 0 1/2 12/15/27SOLE	NOTE 0.500%12/1 ADDED	69.56M	PRN	$88.04M 4.57%	69.56M
NET 0 08/15/26SOLE	NOTE 8/1	85.04M	PRN	$77.00M 4.00%	85.04M
WGO 1 1/2 04/01/25SOLE	NOTE 1.500% 4/0	58.48M	PRN	$73.54M 3.82%	58.48M
IDCC 2 06/01/24SOLE	NOTE 2.000% 6/0	45.97M	PRN	$61.43M 3.19%	45.97M
ALRM 0 01/15/26SOLE	NOTE 1/1	68M	PRN	$60.49M 3.14%	68M
IONS 0 04/01/26SOLE	NOTE 4/0	55.49M	PRN	$58.67M 3.04%	55.49M
BILL 0 12/01/25SOLE	NOTE 12/0	62.52M	PRN	$58.56M 3.04%	62.52M
CFLT 0 01/15/27SOLE	NOTE 1/1	70M	PRN	$58.55M 3.04%	70M
TRIP 0 1/4 04/01/26SOLE	NOTE 0.250% 4/0	63.08M	PRN	$55.52M 2.88%	63.08M
SEDG 0 09/15/25SOLE	NOTE 9/1	60M	PRN	$54.65M 2.84%	60M
ALNY 1 09/15/27SOLE	NOTE 1.000% 9/1	55M	PRN	$54.51M 2.83%	55M
SNAP 0 1/4 05/01/25SOLE	NOTE 0.250% 5/0	50M	PRN	$53.01M 2.75%	50M
FVRR 0 11/01/25SOLE	NOTE 11/0	57M	PRN	$50.73M 2.63%	57M
BILL 0 04/01/27SOLE	NOTE 4/0	57.50M	PRN	$47.88M 2.48%	57.50M
BL 0 03/15/26SOLE	NOTE 3/1	52.92M	PRN	$46.99M 2.44%	52.92M
ETSY 0 1/4 06/15/28SOLE	NOTE 0.250% 6/1	56.50M	PRN	$45.30M 2.35%	56.50M
SQ 0 05/01/26SOLE	NOTE 5/0	51.03M	PRN	$44.86M 2.33%	51.03M
PTCT 1 1/2 09/15/26SOLE	NOTE 1.500% 9/1	46.30M	PRN	$42.76M 2.22%	46.30M
UPWK 0 1/4 08/15/26SOLE	NOTE 0.250% 8/1	50M	PRN	$42.72M 2.22%	50M
U 0 11/15/26SOLE	NOTE 11/1	51M	PRN	$42.52M 2.21%	51M
LITE 0 1/2 12/15/26SOLE	NOTE 0.500%12/1	44.50M	PRN	$39.68M 2.06%	44.50M
BL 0 1/8 08/01/24SOLE	NOTE 0.125% 8/0	38.70M	PRN	$39.67M 2.06%	38.70M
LYFT 1 1/2 05/15/25SOLE	NOTE 1.500% 5/1	40M	PRN	$38.13M 1.98%	40M

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