ABSOLUTE INVESTMENT ADVISERS, LLC Q4 2025 Filing
Filed January 28, 2026
Portfolio Value
$877.1B
Holdings
121
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (121 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | GVA 3.25 06/15/30GRANITE CONSTR INC | 15,000,000 | $23.9B | 2.73% | |
| 2 | PATK 1.75 12/01/28PATRICK INDS INC | 10,949,000 | $18.6B | 2.12% | |
| 3 | HALO 1 08/15/28HALOZYME THERAPEUTICS INC | 14,000,000 | $18.6B | 2.11% | |
| 4 | OSIS 2.25 08/01/29OSI SYSTEMS INC | 12,028,000 | $17.8B | 2.03% | |
| 5 | USALIBERTY ALL STAR EQUITY FD | 2,698,528 | $17.1B | 1.95% | |
| 6 | TTEK 2.25 08/15/28TETRA TECH INC NEW | 15,526,000 | $16.8B | 1.92% | |
| 7 | W 3.25 09/15/27WAYFAIR INC | 9,732,000 | $16.2B | 1.85% | |
| 8 | FLR 1.125 08/15/29FLUOR CORP | 13,889,000 | $15.8B | 1.81% | |
| 9 | MKSI 1.25 06/01/30MKS INC. | 12,268,000 | $15.7B | 1.79% | |
| 10 | GBX 2.875 04/15/28GREENBRIER COS INC | 13,795,000 | $14.9B | 1.70% | |
| 11 | FLNC 2.25 06/15/30FLUENCE ENERGY INC | 12,000,000 | $14.5B | 1.65% | |
| 12 | ANIP 2.25 09/01/29ANI PHARMACEUTICALS INC | 11,473,000 | $14.5B | 1.65% | |
| 13 | PSN 2.625 03/01/29PARSONS CORP DEL | 14,000,000 | $14.4B | 1.64% | |
| 14 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 13,827,000 | $13.7B | 1.56% | |
| 15 | GWRE 1.25 11/01/29GUIDEWIRE SOFTWARE INC | 12,050,000 | $13.3B | 1.51% | |
| 16 | FRPT 3 04/01/28FRESHPET INC | 11,000,000 | $12.8B | 1.46% | |
| 17 | PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP | 12,617,000 | $12.8B | 1.45% | |
| 18 | BL 1 06/01/29BLACKLINE INC | 12,000,000 | $12.7B | 1.45% | |
| 19 | NTNX 0.5 12/15/29NUTANIX INC | 13,000,000 | $12.5B | 1.43% | |
| 20 | ON 0.5 03/01/29ON SEMICONDUCTOR CORP | 13,168,000 | $12.5B | 1.42% | |
| 21 | AEIS 2.5 09/15/28ADVANCED ENERGY INDS | 7,500,000 | $12.3B | 1.40% | |
| 22 | ECPG 4 03/15/29ENCORE CAP GROUP INC | 11,250,000 | $12.3B | 1.40% | |
| 23 | LNTH 2.625 12/15/27LANTHEUS HLDGS INC | 10,600,000 | $12.1B | 1.38% | |
| 24 | CENX 2.75 05/01/28CENTURY ALUM CO | 5,650,000 | $11.9B | 1.36% | |
| 25 | BSY 0.375 07/01/27BENTLEY SYS INC | 12,500,000 | $11.7B | 1.34% | |
| 26 | LMAT 2.5 02/01/30LEMAITRE VASCULAR INC | 11,750,000 | $11.7B | 1.33% | |
| 27 | ACPABRDN INCOME CREDIT STRATEGI | 2,083,887 | $11.5B | 1.31% | |
| 28 | SMTC 1.625 11/01/27SEMTECH CORP | 5,500,000 | $11.2B | 1.27% | |
| 29 | WT 3.25 08/15/29WISDOMTREE INC | 9,254,000 | $11.1B | 1.27% | |
| 30 | CIFR 1.75 05/15/30CIPHER MINING INC | 3,000,000 | $10.4B | 1.19% | |
| 31 | AAOI 2.75 01/15/30APPLIED OPTOELECTRONICS INC | 9,000,000 | $10.4B | 1.19% | |
| 32 | JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD | 7,500,000 | $10.0B | 1.14% | |
| 33 | ALRM 0 01/15/26ALARM COM HLDGS INC | 10,000,000 | $10.0B | 1.14% | |
| 34 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC | 11,031,000 | $9.9B | 1.13% | |
| 35 | UPWK 0.25 08/15/26UPWORK INC | 9,890,000 | $9.7B | 1.10% | |
| 36 | CNMD 2.25 06/15/27CONMED CORP | 10,000,000 | $9.6B | 1.09% | |
| 37 | VECO 2.875 06/01/29VEECO INSTRS INC DEL | 7,500,000 | $9.3B | 1.06% | |
| 38 | VRNS 1 09/15/29VARONIS SYS INC | 10,000,000 | $9.3B | 1.06% | |
| 39 | LIVN 2.5 03/15/29LIVANOVA PLC | 8,000,000 | $9.3B | 1.06% | |
| 40 | ITRI 1.375 07/15/30ITRON INC | 9,000,000 | $9.1B | 1.04% | |
| 41 | PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC | 9,000,000 | $9.1B | 1.03% | |
| 42 | SPB 3.375 06/01/29SPECTRUM BRANDS INC | 9,500,000 | $9.0B | 1.02% | |
| 43 | SYNA 0.75 12/01/31SYNAPTICS INC | 8,500,000 | $8.9B | 1.02% | |
| 44 | TE 5.25 12/01/30T1 ENERGY INC | 7,000,000 | $8.9B | 1.02% | |
| 45 | ITRI 0 03/15/26ITRON INC | 9,000,000 | $8.9B | 1.02% | |
| 46 | BAND 0.5 04/01/28BANDWIDTH INC | 10,100,000 | $8.8B | 1.00% | |
| 47 | WGO 3.25 01/15/30WINNEBAGO INDS INC | 9,000,000 | $8.5B | 0.97% | |
| 48 | DDOG 0 12/01/29DATADOG INC | 8,416,000 | $8.4B | 0.96% | |
| 49 | LCII 1.125 05/15/26LCI INDS | 8,217,000 | $8.1B | 0.93% | |
| 50 | POST 2.5 08/15/27POST HLDGS INC | 7,500,000 | $8.1B | 0.92% | |
| 51 | SSRMCN 2.5 04/01/39SSR MINING IN | 6,000,000 | $7.8B | 0.89% | |
| 52 | RPD 0.25 03/15/27RAPID7 INC | 8,123,000 | $7.7B | 0.87% | |
| 53 | ALRM 2.25 06/01/29ALARM COM HLDGS INC | 8,000,000 | $7.6B | 0.87% | |
| 54 | CHEF 2.375 12/15/28CHEFS WHSE INC | 5,000,000 | $7.6B | 0.87% | |
| 55 | MGNI 0.25 03/15/26MAGNITE INC | 7,500,000 | $7.4B | 0.84% | |
| 56 | EXAS 0.375 03/15/27EXACT SCIENCES CORP | 7,000,000 | $7.3B | 0.83% | |
| 57 | ORA 2.5 07/15/27ORMAT TECHNOLOGIES INC | 5,400,000 | $7.3B | 0.83% | |
| 58 | FSLY 7.75 06/01/28FASTLY INC | 6,500,000 | $7.2B | 0.82% | |
| 59 | NOG 3.625 04/15/29NORTHERN OIL & GAS INC | 7,500,000 | $7.2B | 0.82% | |
| 60 | WK 1.125 08/15/26WORKIVA INC | 6,000,000 | $7.0B | 0.80% | |
| 61 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 6,000,000 | $6.9B | 0.79% | |
| 62 | WK 1.25 08/15/28WORKIVA INC | 7,000,000 | $6.9B | 0.79% | |
| 63 | PD 1.5 10/15/28 *PAGERDUTY INC | 7,000,000 | $6.7B | 0.76% | |
| 64 | RGEN 1 12/15/28REPLIGEN CORP | 6,000,000 | $6.6B | 0.75% | |
| 65 | BOX 1.5 09/15/29BOX INC | 6,500,000 | $6.3B | 0.72% | |
| 66 | GPRE 2.25 03/15/27GREEN PLAINS INC | 6,500,000 | $6.2B | 0.71% | |
| 67 | IGRCBRE GBL REAL ESTATE INC FD | 1,333,225 | $6.1B | 0.70% | |
| 68 | CSGS 3.875 09/15/28CSG SYS INTL INC | 5,000,000 | $5.9B | 0.67% | |
| 69 | XJQCXNUVEEN CR STRATEGIES INCOME | 1,122,293 | $5.7B | 0.65% | |
| 70 | RIOT 0.75 01/15/30RIOT PLATFORMS INC | 5,000,000 | $5.6B | 0.64% | |
| 71 | AMCXAMC NETWORKS INC | 5,500,000 | $5.6B | 0.64% | |
| 72 | BRWSABA CAPITAL INCOME & OPRNT | 732,116 | $5.1B | 0.59% | |
| 73 | BCATBLACKROCK CAP ALLOCATION TER | 352,521 | $5.1B | 0.58% | |
| 74 | GPN 1.5 03/01/31GLOBAL PMTS INC | 5,468,000 | $4.9B | 0.56% | |
| 75 | ENOV 3.875 10/15/28ENOVIS CORPORATION | 5,000,000 | $4.9B | 0.56% | |
| 76 | MNKD 2.5 03/01/26MANNKIND CORP | 4,300,000 | $4.9B | 0.56% | |
| 77 | EVH 4.5 08/15/31EVOLENT HEALTH INC | 6,500,000 | $4.6B | 0.52% | |
| 78 | RIVRIVERNORTH OPPORTUNITIES FD | 384,389 | $4.6B | 0.52% | |
| 79 | MEGINYLI CBRE GBL INFR MEGTRNDS | 331,188 | $4.5B | 0.51% | |
| 80 | ARAY 3.75 06/01/26ACCURAY INC DEL | 4,700,000 | $4.5B | 0.51% | |
| 81 | ZTRVIRTUS TOTAL RETURN FD INC | 686,219 | $4.3B | 0.49% | |
| 82 | BTXBLACKROCK TECH AND PRIVATE E | 633,924 | $4.3B | 0.49% | |
| 83 | PDIPIMCO DYNAMIC INCOME FD | 218,531 | $4.0B | 0.45% | |
| 84 | EMOCLEARBRIDGE ENERGY MIDSTRM O | 84,275 | $3.7B | 0.43% | |
| 85 | UTFCOHEN & STEERS INFRASTRUCTUR | 154,957 | $3.7B | 0.43% | |
| 86 | VVRINVESCO SR INCOME TR | 1,056,747 | $3.5B | 0.40% | |
| 87 | MCNXAI MADISON EQUITY PREMIUM I | 534,643 | $3.3B | 0.37% | |
| 88 | JGHNUVEEN GLOBAL HIGH INCOME FD | 247,060 | $3.1B | 0.36% | |
| 89 | ATEC 0.75 08/01/26ALPHATEC HLDGS INC | 2,512,000 | $3.1B | 0.36% | |
| 90 | BHKBLACKROCK CORE BD TR | 316,951 | $3.0B | 0.35% | |
| 91 | FTFFRANKLIN LTD DURATION INCOME | 490,414 | $3.0B | 0.34% | |
| 92 | EHIWESTERN ASSET GBL HIGH INC F | 467,620 | $3.0B | 0.34% | |
| 93 | SRVNXG CUSHING MIDSTREAM ENERGY | 75,280 | $2.9B | 0.33% | |
| 94 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 2,837,000 | $2.9B | 0.33% | |
| 95 | RDFN 0.5 04/01/27REDFIN CORP | 2,925,000 | $2.8B | 0.31% | |
| 96 | HYIWESTERN ASSET HIGH YIELD OPP | 245,966 | $2.7B | 0.31% | |
| 97 | ATRO 5.5 03/15/30ASTRONICS CORP | 1,000,000 | $2.5B | 0.29% | |
| 98 | XSCDXLMP CAP & INCOME FD INC | 164,557 | $2.5B | 0.28% | |
| 99 | DMADESTRA MULTI-ALTERNATIVE FD | 260,579 | $2.4B | 0.27% | |
| 100 | BGTBLACKROCK FLOATING RATE INC | 198,426 | $2.3B | 0.26% |
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