ABSOLUTE INVESTMENT ADVISERS, LLC Q2 2025 Filing

Filed July 15, 2025

Portfolio Value

$808.4B

Holdings

115

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (115 positions)

#StockSharesValue% PortfolioType
1
GVA 3.25 06/15/30GRANITE CONSTR INC
15,000,000$20.5B2.53%
2
BTXBLACKROCK TECH AND PRIVATE E
2,600,158$19.1B2.36%
313,889,000$18.2B2.25%
4
PATK 1.75 12/01/28PATRICK INDS INC
10,949,000$16.3B2.02%
5
TTEK 2.25 08/15/28TETRA TECH INC NEW
14,292,000$16.0B1.98%
6
HALO 1 08/15/28HALOZYME THERAPEUTICS INC
14,000,000$15.9B1.97%
7
ORA 2.5 07/15/27ORMAT TECHNOLOGIES INC
14,000,000$15.3B1.90%
8
PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP
12,000,000$13.9B1.72%
9
FRPT 3 04/01/28FRESHPET INC
11,000,000$13.6B1.69%
10
GBX 2.875 04/15/28GREENBRIER COS INC
12,795,000$13.6B1.68%
11
LNTH 2.625 12/15/27LANTHEUS HLDGS INC
10,579,000$13.5B1.66%
12
AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC
13,790,000$13.1B1.62%
139,000,000$12.8B1.59%
14
BL 1 06/01/29BLACKLINE INC
12,000,000$12.8B1.58%
15
FVRR 0 11/01/25FIVERR INTL LTD
13,000,000$12.7B1.57%
16
CHEF 2.375 12/15/28CHEFS WHSE INC
8,000,000$12.5B1.54%
17
ON 0.5 03/01/29ON SEMICONDUCTOR CORP
13,168,000$12.2B1.50%
1812,268,000$12.1B1.50%
19
AEIS 2.5 09/15/28ADVANCED ENERGY INDS
10,000,000$12.0B1.48%
20
MIDD 1 09/01/25MIDDLEBY CORP
10,600,000$11.9B1.47%
21
BSY 0.375 07/01/27BENTLEY SYS INC
12,500,000$11.8B1.46%
22
CFLT 0 01/15/27CONFLUENT INC
12,077,000$11.2B1.39%
23
EXAS 0.375 03/15/27EXACT SCIENCES CORP
11,725,000$11.2B1.38%
24
W 3.25 09/15/27WAYFAIR INC
9,679,000$11.0B1.36%
25
DBX 0 03/01/26DROPBOX INC
11,000,000$10.9B1.35%
26
PSN 2.625 03/01/29PARSONS CORP DEL
10,000,000$10.7B1.32%
27
ECPG 4 03/15/29ENCORE CAP GROUP INC
11,250,000$10.6B1.31%
2810,500,000$10.3B1.27%
29
CLMCORNERSTONE STRATEGIC INVEST
1,229,119$10.0B1.23%
30
XJQCXNUVEEN CR STRATEGIES INCOME
1,847,341$10.0B1.23%
31
VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC
11,000,000$9.9B1.22%
32
CRFCORNERSTONE TOTAL RETURN FD
1,274,973$9.9B1.22%
33
ENOV 3.875 10/15/28ENOVIS CORPORATION
10,000,000$9.9B1.22%
34
ALRM 0 01/15/26ALARM COM HLDGS INC
10,000,000$9.7B1.20%
35
PD 1.5 10/15/28 *PAGERDUTY INC
10,000,000$9.5B1.18%
368,000,000$9.5B1.18%
3710,000,000$9.5B1.17%
389,890,000$9.3B1.15%
39
VRNT 0.25 04/15/26VERINT SYSTEMS INC
9,500,000$9.1B1.12%
40
CSGS 3.875 09/15/28CSG SYS INTL INC
8,000,000$9.0B1.12%
41
AAOI 2.75 01/15/30APPLIED OPTOELECTRONICS INC
9,000,000$8.8B1.08%
42
SPB 3.375 06/01/29SPECTRUM BRANDS INC
9,500,000$8.6B1.07%
43
POST 2.5 08/15/27POST HLDGS INC
7,500,000$8.6B1.06%
44
GPN 1.5 03/01/31GLOBAL PMTS INC
9,468,000$8.5B1.05%
457,020,000$8.4B1.04%
46
LIVN 2.5 03/15/29LIVANOVA PLC
8,000,000$8.1B1.00%
47
VECO 2.875 06/01/29VEECO INSTRS INC DEL
7,500,000$7.9B0.98%
487,000,000$7.9B0.98%
49
NOG 3.625 04/15/29NORTHERN OIL & GAS INC
7,500,000$7.8B0.97%
50
ZTRVIRTUS TOTAL RETURN FD INC
1,255,160$7.8B0.97%
51
WGO 3.25 01/15/30WINNEBAGO INDS INC
9,000,000$7.7B0.96%
528,123,000$7.5B0.93%
53
AVKADVENT CONV & INCOME FD
616,686$7.5B0.92%
547,500,000$7.2B0.89%
557,217,000$7.0B0.86%
56
PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC
7,000,000$6.8B0.85%
576,000,000$6.7B0.83%
58
CENX 2.75 05/01/28CENTURY ALUM CO
5,650,000$6.7B0.83%
595,000,000$6.7B0.83%
60
BAND 0.5 04/01/28BANDWIDTH INC
7,840,000$6.5B0.81%
61
WK 1.25 08/15/28WORKIVA INC
7,000,000$6.5B0.80%
626,000,000$6.4B0.80%
63
ALRM 2.25 06/01/29ALARM COM HLDGS INC
6,600,000$6.4B0.79%
64
PRGSPROGRESS SOFTWARE CORP
5,350,000$6.4B0.79%
65
SSRMCN 2.5 04/01/39SSR MINING IN
6,000,000$6.2B0.77%
667,000,000$6.1B0.76%
67
JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD
6,000,000$6.1B0.75%
68
RGEN 1 12/15/28REPLIGEN CORP
6,000,000$5.9B0.74%
69
MLAB 1.375 08/15/25MESA LABS INC
5,982,000$5.9B0.73%
70
EHIWESTERN ASSET GBL HIGH INC F
870,040$5.7B0.70%
71
BRWSABA CAPITAL INCOME & OPRNT
685,417$5.5B0.68%
72
DMADESTRA MULTI-ALTERNATIVE FD
618,063$5.4B0.67%
736,000,000$5.4B0.67%
74
SEI 4.75 05/01/30SOLARIS ENERGY INFRAS INC
4,000,000$5.4B0.66%
75
GPRE 2.25 03/15/27GREEN PLAINS INC
5,900,000$5.0B0.62%
76
ACPABRDN INCOME CREDIT STRATEGI
793,859$4.7B0.58%
77
LITE 0.5 06/15/28LUMENTUM HLDGS INC
4,450,000$4.6B0.57%
78
AMCXAMC NETWORKS INC
5,500,000$4.5B0.56%
79
ARAY 3.75 06/01/26ACCURAY INC DEL
4,700,000$4.5B0.56%
80
ATEC 0.75 08/01/26ALPHATEC HLDGS INC
4,512,000$4.5B0.55%
81
MNKD 2.5 03/01/26MANNKIND CORP
4,300,000$4.3B0.54%
82
RFMZRIVERNORTH FLEXIBLE MUNI INC
336,452$4.3B0.53%
834,000,000$3.9B0.49%
84
BHKBLACKROCK CORE BD TR
392,051$3.8B0.47%
85
AEFABRDN EMERGING MARKETS EX CH
591,571$3.5B0.43%
86
MEGINYLI CBRE GBL INFR MEGTRNDS
234,717$3.3B0.41%
87
NMAINUVEEN MULTI ASSET INCOME FU
214,500$2.7B0.34%
88
HIXWESTERN ASSET HIGH INCOM FD
625,944$2.7B0.33%
892,925,000$2.6B0.33%
90
CIFR 1.75 05/15/30CIPHER MINING INC
2,000,000$2.6B0.32%
91
IHDVOYA EMERGING MKTS HIGH DIVI
251,694$1.5B0.18%
92
IAEVOYA ASIA PAC HIGH DIV EQT I
210,900$1.5B0.18%
93
BSTZBLACKROCK SCIENCE & TECHNOLO
62,574$1.3B0.16%
94
VGMINVESCO TR INVT GRADE MUNS
134,211$1.3B0.16%
95
MCNXAI MADISON EQUITY PREMIUM I
203,355$1.3B0.16%
96
LITE 0.5 12/15/26LUMENTUM HLDGS INC
1,000,000$1.2B0.14%
97
XMTR 1 02/01/27XOMETRY INC
1,000,000$1.0B0.13%
98
XEVMXEATON VANCE CALIF MUN BD FD
104,332$930.6M0.12%
99
PHTPIONEER HIGH INCOME FUND INC
113,227$916.0M0.11%
100
GRXGABELLI HLTHCARE & WELLNESS
85,122$804.4M0.10%
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