STEELHEAD PARTNERS LLC

Filed: 5/13/2026ACC: 0001133521-26-000011

📋 What this filing means

STEELHEAD PARTNERS LLC filed this quarterly 13F‑HR report disclosing 24 equity positions with a total reported market value of $1.39B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.39B

Total AUM (reported)

1.18B

Total Shares

Allocation by class

NOTE 2.500% 3/1$126.63M9.1%

NOTE 5/0$126.08M9.1%

NOTE 0.875%12/0$120.83M8.7%

NOTE 1.000% 9/1$112.06M8.1%

NOTE 2.500% 9/1$97.50M7.0%

NOTE 1.125% 2/1$87.99M6.3%

NOTE 3.000% 3/0$83.25M6.0%

Portfolio Concentration

Top 3$373.54M26.9%

4–10$587.82M42.3%

11–25$429.83M30.9%

Top 3 weight

26.9%

Top 10 weight

69.1%

Voting Authority Distribution

Total shares with voting rights: 1.18B

Sole

Full voting authority

1.18B

% 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)

Sole24

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings24

Rows:

BBIO 2 1/2 03/15/27

SOLE

NOTE 2.500% 3/1

Shares70M

TypePRN

Market value$126.63M

9.10%

Sole

70M

Shared

0.00

None

0.00

ON 0 05/01/27

SOLE

NOTE 5/0

Shares97.70M

TypePRN

Market value$126.08M

9.06%

Sole

97.70M

Shared

0.00

None

0.00

UBER 0 7/8 12/01/28

SOLE

NOTE 0.875%12/0

Shares100M

TypePRN

Market value$120.83M

8.69%

Sole

100M

Shared

0.00

None

0.00

AEIS 2 1/2 09/15/28

SOLE

NOTE 2.500% 9/1

Shares40.50M

TypePRN

Market value$97.50M

7.01%

Sole

40.50M

Shared

0.00

None

0.00

AKAM 1 1/8 02/15/29

SOLE

NOTE 1.125% 2/1

Shares77M

TypePRN

Market value$87.99M

6.33%

Sole

77M

Shared

0.00

None

0.00

LCII 3 03/01/30

SOLE

NOTE 3.000% 3/0

Shares69M

TypePRN

Market value$83.25M

5.98%

Sole

69M

Shared

0.00

None

0.00

ALRM 2 1/4 06/01/29

SOLE

NOTE 2.250% 6/0

Shares90M

TypePRN

Market value$83.22M

5.98%

Sole

90M

Shared

0.00

None

0.00

NET 0 08/15/26

SOLE

NOTE 8/1

Shares70M

TypePRN

Market value$82.18M

5.91%

Sole

70M

Shared

0.00

None

0.00

ALNY 1 09/15/27

SOLE

NOTE 1.000% 9/1

Shares60M

TypePRN

Market value$77.12M

5.54%

Sole

60M

Shared

0.00

None

0.00

DXCM 0 3/8 05/15/28

SOLE

NOTE 0.375% 5/1

Shares82.85M

TypePRN

Market value$76.56M

5.50%

Sole

82.85M

Shared

0.00

None

0.00

NTNX 0 1/4 10/01/27

SOLE

NOTE 0.250%10/0

Shares65M

TypePRN

Market value$66.42M

4.77%

Sole

65M

Shared

0.00

None

0.00

WK 1 1/4 08/15/28

SOLE

NOTE 1.250% 8/1

Shares57.50M

TypePRN

Market value$53.91M

3.88%

Sole

57.50M

Shared

0.00

None

0.00

AKAM 0 3/8 09/01/27

SOLE

NOTE 0.375% 9/0

Shares40M

TypePRN

Market value$46.45M

3.34%

Sole

40M

Shared

0.00

None

0.00

IRTC 1 1/2 09/01/29

SOLE

NOTE 1.500% 9/0

Shares36.12M

TypePRN

Market value$39.66M

2.85%

Sole

36.12M

Shared

0.00

None

0.00

ITRI 1 3/8 07/15/30

SOLE

NOTE 1.375% 7/1

Shares35M

TypePRN

Market value$35.35M

2.54%

Sole

35M

Shared

0.00

None

0.00

VRNS 1 09/15/29

SOLE

NOTE 1.000% 9/1

Shares40M

TypePRN

Market value$34.94M

2.51%

Sole

40M

Shared

0.00

None

0.00

POST 2 1/2 08/15/27

SOLE

NOTE 2.500% 8/1

Shares29.21M

TypePRN

Market value$31.63M

2.27%

Sole

29.21M

Shared

0.00

None

0.00

BILL 0 04/01/30

SOLE

NOTE 4/0

Shares33.50M

TypePRN

Market value$29.87M

2.15%

Sole

33.50M

Shared

0.00

None

0.00

BL 1 06/01/29

SOLE

NOTE 1.000% 6/0

Shares28M

TypePRN

Market value$26.34M

1.89%

Sole

28M

Shared

0.00

None

0.00

PENG 2 08/15/30

SOLE

NOTE 2.000% 8/1

Shares23M

TypePRN

Market value$23.07M

1.66%

Sole

23M

Shared

0.00

None

0.00

HALO 0 1/4 03/01/27

SOLE

NOTE 0.250% 3/0

Shares19.05M

TypePRN

Market value$19.83M

1.43%

Sole

19.05M

Shared

0.00

None

0.00

LMAT 2 1/2 02/01/30

SOLE

NOTE 2.500% 2/0

Shares12M

TypePRN

Market value$13.52M

0.97%

Sole

12M

Shared

0.00

None

0.00

FIVN 1 03/15/29

SOLE

NOTE 1.000% 3/1

Shares9M

TypePRN

Market value$7.82M

0.56%

Sole

Shared

0.00

None

0.00

VOYAGER TECHNOLOGIES INC

SOLE

COM CL A

Shares43K

TypeSH

Market value$1.01M

0.07%

Sole

43K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
BBIO 2 1/2 03/15/27SOLE	NOTE 2.500% 3/1	70M	PRN	$126.63M 9.10%	70M
ON 0 05/01/27SOLE	NOTE 5/0	97.70M	PRN	$126.08M 9.06%	97.70M
UBER 0 7/8 12/01/28SOLE	NOTE 0.875%12/0	100M	PRN	$120.83M 8.69%	100M
AEIS 2 1/2 09/15/28SOLE	NOTE 2.500% 9/1	40.50M	PRN	$97.50M 7.01%	40.50M
AKAM 1 1/8 02/15/29SOLE	NOTE 1.125% 2/1	77M	PRN	$87.99M 6.33%	77M
LCII 3 03/01/30SOLE	NOTE 3.000% 3/0	69M	PRN	$83.25M 5.98%	69M
ALRM 2 1/4 06/01/29SOLE	NOTE 2.250% 6/0	90M	PRN	$83.22M 5.98%	90M
NET 0 08/15/26SOLE	NOTE 8/1	70M	PRN	$82.18M 5.91%	70M
ALNY 1 09/15/27SOLE	NOTE 1.000% 9/1	60M	PRN	$77.12M 5.54%	60M
DXCM 0 3/8 05/15/28SOLE	NOTE 0.375% 5/1	82.85M	PRN	$76.56M 5.50%	82.85M
NTNX 0 1/4 10/01/27SOLE	NOTE 0.250%10/0	65M	PRN	$66.42M 4.77%	65M
WK 1 1/4 08/15/28SOLE	NOTE 1.250% 8/1	57.50M	PRN	$53.91M 3.88%	57.50M
AKAM 0 3/8 09/01/27SOLE	NOTE 0.375% 9/0	40M	PRN	$46.45M 3.34%	40M
IRTC 1 1/2 09/01/29SOLE	NOTE 1.500% 9/0	36.12M	PRN	$39.66M 2.85%	36.12M
ITRI 1 3/8 07/15/30SOLE	NOTE 1.375% 7/1	35M	PRN	$35.35M 2.54%	35M
VRNS 1 09/15/29SOLE	NOTE 1.000% 9/1	40M	PRN	$34.94M 2.51%	40M
POST 2 1/2 08/15/27SOLE	NOTE 2.500% 8/1	29.21M	PRN	$31.63M 2.27%	29.21M
BILL 0 04/01/30SOLE	NOTE 4/0	33.50M	PRN	$29.87M 2.15%	33.50M
BL 1 06/01/29SOLE	NOTE 1.000% 6/0	28M	PRN	$26.34M 1.89%	28M
PENG 2 08/15/30SOLE	NOTE 2.000% 8/1	23M	PRN	$23.07M 1.66%	23M
HALO 0 1/4 03/01/27SOLE	NOTE 0.250% 3/0	19.05M	PRN	$19.83M 1.43%	19.05M
LMAT 2 1/2 02/01/30SOLE	NOTE 2.500% 2/0	12M	PRN	$13.52M 0.97%	12M
FIVN 1 03/15/29SOLE	NOTE 1.000% 3/1	9M	PRN	$7.82M 0.56%	9M
VOYAGER TECHNOLOGIES INCSOLE	COM CL A	43K	SH	$1.01M 0.07%	43K