Wellesley Asset Management

CIK: 0001533551SEC EDGAR →

Portfolio Value

$672.2B

Holdings

54

As of

Q4 2025

New Positions

54

Closed Positions

0

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	HAE 2.5 06/01/29 HAE US	28,880,000	$30.0B	4.46%
2	BOX 1.5 09/15/29 BOX US	29,883,000	$28.9B	4.29%
3	PCG 4.25 12/01/27 PCG US	27,401,000	$28.3B	4.21%
4	F 0 03/15/26 F US	26,377,000	$27.6B	4.10%
5	SYNA 0.75 12/01/31 SYNA US	25,483,000	$27.1B	4.04%
6	LIVN 2.5 03/15/29 LIVN US	22,640,000	$26.1B	3.88%
7	VSH 2.25 09/15/30 VSH US	27,313,000	$24.9B	3.71%
8	GBX 2.875 04/15/28 GBX US	22,587,000	$24.5B	3.65%
9	MTH 1.75 05/15/28 MTH US	24,533,000	$24.2B	3.60%
10	ITRI 1.375 07/15/30 ITRI US	22,719,000	$23.2B	3.45%

Quarterly Changes

Top Buys

HAE 2.5 06/01/29NEW

$30.0B

BOX 1.5 09/15/29NEW

$28.9B

PCG 4.25 12/01/27NEW

$28.3B

F 0 03/15/26NEW

$27.6B

SYNA 0.75 12/01/31NEW

$27.1B

Top Sells

No sells this quarter

New Positions (54)

HAE 2.5 06/01/29

$30.0B · 28.9M shares

BOX 1.5 09/15/29

$28.9B · 29.9M shares

PCG 4.25 12/01/27

$28.3B · 27.4M shares

$27.6B · 26.4M shares

SYNA 0.75 12/01/31

$27.1B · 25.5M shares

LIVN 2.5 03/15/29

$26.1B · 22.6M shares

VSH 2.25 09/15/30

$24.9B · 27.3M shares

GBX 2.875 04/15/28

$24.5B · 22.6M shares

MTH 1.75 05/15/28

$24.2B · 24.5M shares

ITRI 1.375 07/15/30

$23.2B · 22.7M shares

ON 0.5 03/01/29

$22.1B · 23.0M shares

WGO 3.25 01/15/30

$21.9B · 23.2M shares

FOUR 0.5 08/01/27

$21.7B · 22.7M shares

$20.7B · 19.7M shares

GPN 1.5 03/01/31

$19.3B · 21.6M shares

LYFT 0.625 03/01/29

$19.1B · 15.7M shares

AMPH 2 03/15/29

$18.4B · 19.9M shares

AKAM 1.125 02/15/29

$16.8B · 17.1M shares

AKAM 0.375 09/01/27

$16.1B · 16.1M shares

OMCL 1 12/01/29

$15.4B · 14.3M shares

RGEN 1 12/15/28

$15.3B · 13.9M shares

SPOT 0 03/15/26

$14.5B · 12.8M shares

PSN 2.625 03/01/29

$14.3B · 13.8M shares

ALRM 2.25 06/01/29

$14.3B · 15.0M shares

ENOV 3.875 10/15/28

$11.9B · 12.1M shares

PRGS 3.5 03/01/30

$11.3B · 11.3M shares

$10.5B · 10.2M shares

JBTM 0.25 05/15/26

$10.1B · 9.8M shares

PPL 2.875 03/15/28

$9.3B · 8.5M shares

SPB 3.375 06/01/29

$8.5B · 9.0M shares

LNTH 2.625 12/15/27

$7.8B · 6.8M shares

DDOG 0 12/01/29

$7.3B · 7.3M shares

LNT 3.875 03/15/26

$6.8B · 6.5M shares

COLL 2.875 02/15/29

$5.6B · 4.0M shares

TTEK 2.25 08/15/28

$4.9B · 4.5M shares

$4.7B · 4.0M shares

WKC 3.25 07/01/28

$4.6B · 4.3M shares

POST 2.5 08/15/27

$4.3B · 4.0M shares

GWRE 1.25 11/01/29

$4.3B · 4.0M shares

$4.0B · 4.0M shares

BMRN 1.25 05/15/27

$3.8B · 4.0M shares

IMCR 2.5 02/01/30

$3.7B · 4.1M shares

FLR 1.125 08/15/29

$3.7B · 3.1M shares

MKSI 1.25 06/01/30

$3.6B · 2.8M shares

TYL 0.25 03/15/26

$3.5B · 3.5M shares

WEC 4.375 06/01/27

$3.4B · 3.0M shares

CSWC 5.125 11/15/29

$3.4B · 3.4M shares

ORA 2.5 07/15/27

$3.4B · 2.5M shares

PCRX 2.125 05/15/29

$3.4B · 3.4M shares

LMAT 2.5 02/01/30

$3.2B · 3.3M shares

DUK 4.125 04/15/26

$3.1B · 3.0M shares

CNP 4.25 08/15/26

$1.5B · 1.4M shares

CSGS 3.875 09/15/28

$1.1B · 970K shares

CMS 3.375 05/01/28

$1.0B · 949K shares

Sector Breakdown

Sector	# Holdings	Value	%
Unknown	53	$667.6B	99.3%
Healthcare	1	$4.7B	0.7%