Q4 2025 · 13F-HR
CAMDEN ASSET MANAGEMENT L P /CAholdings as filed
Filed 2026-02-13 · accession 0001104659-26-014862
$3.95B
Reported value
73
Positions
2025-12-31
Period end
The Brief · CAMDEN ASSET MANAGEMENT L P /CA · Q4 2025
AI · grounded in 13F
CAMDEN ASSET MANAGEMENT L P /CA closed its position in [[stock:WDC 3 11/15/28]], reducing exposure by $117.9M. The fund also exited positions in [[stock:SHOPCN 0.125 11/01/25]] and [[stock:HAE 2.5 06/01/29]], which decreased holdings by $85.7M and $63.9M respectively. On the buy side, the fund established new positions in [[stock:SO 7.125 12/15/28 A]] for $83.1M and [[stock:NTNX 0.5 12/15/29]] for $59.7M. Additionally, it increased its stake in [[stock:DUK 4.125 04/15/26]] by 44.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 345370CZ1 | F 0 03/15/26 | FORD MOTOR COMPANY CV 0PERCENT 031526 REG | $238.6M | 6.04% | 229,795,000 | Common | NONE |
| 65339KCY4 | NEE 3 03/01/27 | NEXTERA ENERGY CAPITAL CV 3PERCENT 030127 REG | $215.6M | 5.45% | 173,693,000 | Common | NONE |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC CV 0PERCENT 031526 REG | $187.7M | 4.75% | 189,700,000 | Common | NONE |
| 060505682 | BAC 7.25 PERP L | BANK OF AMERICA CORP 7.25PERCENT CV PFD L | $172.1M | 4.36% | 137,729 | Common | NONE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP CV 4.125PERCENT 041526 REG | $159.0M | 4.02% | 154,379,000 | Common | NONE |
| 92939UAP1 | WEC 4.375 06/01/27 | WEC ENERGY GROUP IN CV 4.375PERCENT 060127 REG | $155.0M | 3.92% | 137,234,000 | Common | NONE |
| 30034WAD8 | EVRG 4.5 12/15/27 | EVERGY INC CV 4.5PERCENT 121527 REG | $139.6M | 3.53% | 114,696,000 | Common | NONE |
| 92277GAZ0 | VTR 3.75 06/01/26 | VENTAS REALTY LP CV 3.75PERCENT 060126 REG | $120.2M | 3.04% | 85,155,000 | Common | NONE |
| 679295AF2 | OKTA 0.375 06/15/26 | OKTA INC CV 0.375PERCENT 061526 REG | $99.1M | 2.51% | 101,535,000 | Common | NONE |
| 30212PBE4 | EXPE 0 02/15/26 | EXPEDIA GROUP INC CV 0PERCENT 021526 REG | $98.1M | 2.48% | 87,966,000 | Common | NONE |
| 09239BAF6 | BL 1 06/01/29 | BLACKLINE INC CV 1PERCENT 060129 REG | $92.1M | 2.33% | 87,391,000 | Common | NONE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES I CV 0.875PERCENT 120128 REG | $87.0M | 2.20% | 67,109,000 | Common | NONE |
| 842587842 | SO 7.125 12/15/28 A | SOUTHERN CO CV 7.125PERCENT 121528 PFD A REG | $83.1M | 2.10% | 1,674,600 | Common | NONE |
| 03040WBE4 | AWK 3.625 06/15/26 | AMERICAN WATER CAPI CV 3.625PERCENT 061526 REG | $80.8M | 2.05% | 81,159,000 | Common | NONE |
| 15677JAD0 | DAY 0.25 03/15/26 | DAYFORCE INC CV 0.25PERCENT 031526 REG | $77.9M | 1.97% | 78,727,000 | Common | NONE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP CV 0.5PERCENT 030129 REG | $77.4M | 1.96% | 81,871,000 | Common | NONE |
| 462222AF7 | IONS 1.75 06/15/28 | IONIS PHARMACEUTICAL CV 1.75PERCENT 061528 REG | $76.3M | 1.93% | 48,066,000 | Common | NONE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC CV 0.25PERCENT 081526 REG | $72.1M | 1.83% | 74,023,000 | Common | NONE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC CV 0.375PERCENT 051528 REG | $67.6M | 1.71% | 73,550,000 | Common | NONE |
| 98149GAB6 | WKC 3.25 07/01/28 | WORLD KINECT CORP CV 3.25PERCENT 070128 REG | $67.0M | 1.70% | 63,850,000 | Common | NONE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC CV 0PERCENT 031526 REG | $66.6M | 1.69% | 58,680,000 | Common | NONE |
| 833445AD1 | SNOW 0 10/01/29 | SNOWFLAKE INC CV 0PERCENT 100129 REG | $63.6M | 1.61% | 41,176,000 | Common | NONE |
| 29786AAN6 | ETSY 0.25 06/15/28 | ETSY INC CV 0.25PERCENT 061528 REG | $60.0M | 1.52% | 67,215,000 | Common | NONE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP CV 2.25PERCENT 061527 REG | $59.9M | 1.52% | 62,550,000 | Common | NONE |
| 67059NAK4 | NTNX 0.5 12/15/29 | NUTANIX INC CV 0.5PERCENT 121529 REG | $59.7M | 1.51% | 61,928,000 | Common | NONE |
| 283678209 | KMI 4.75 03/31/28 | EL PASO ENERGY CA CV 4.75PERCENT 033128PFD REG | $58.4M | 1.48% | 1,189,225 | Common | NONE |
| 25402DAB8 | DOCN 0 12/01/26 | DIGITALOCEAN HOLDINGS CV 0PERCENT 120126 REG | $58.0M | 1.47% | 60,251,000 | Common | NONE |
| 00182CAC7 | ANIP 2.25 09/01/29 | ANI PHARMACEUTICALS CV 2.25PERCENT 090129 REG | $54.1M | 1.37% | 43,017,000 | Common | NONE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC CV 1.25PERCENT 060127 REG | $52.9M | 1.34% | 55,641,000 | Common | NONE |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP CV 0.375PERCENT 030128 REG | $52.7M | 1.33% | 51,385,000 | Common | NONE |
| 477839AB0 | JBTM 0.25 05/15/26 | JBT MAREL CORP CV 0.25PERCENT 051526 REG | $50.9M | 1.29% | 49,865,000 | Common | NONE |
| 88162GAB9 | TTEK 2.25 08/15/28 | TETRA TECH INC CV 2.25PERCENT 081528 REG | $50.4M | 1.28% | 46,501,000 | Common | NONE |
| 29415FAD6 | NVST 1.75 08/15/28 | ENVISTA HOLDINGS COR CV 1.75PERCENT 081528 REG | $46.9M | 1.19% | 48,940,000 | Common | NONE |
| 949746804 | WFC 7.5 PERP L | WELLS FARGO CO 7.5PERCENT CV PFD L | $44.9M | 1.14% | 37,010 | Common | NONE |
| 163086AE1 | CHEF 2.375 12/15/28 | CHEFS WAREHOUSE INC CV 2.375PERCENT 121528 REG | $44.6M | 1.13% | 29,397,000 | Common | NONE |
| 852234AJ2 | XYZ 0 05/01/26 | BLOCK INC CV 0PERCENT 050126 REG | $43.5M | 1.10% | 44,359,000 | Common | NONE |
| 91332UAB7 | U 0 11/15/26 | UNITY SOFTWARE INC CV 0PERCENT 111526 REG | $43.3M | 1.10% | 44,877,000 | Common | NONE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC CV 1.25PERCENT 060130 REG | $42.2M | 1.07% | 33,076,000 | Common | NONE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTA CV 3.125PERCENT 011529 REG | $36.3M | 0.92% | 24,975,000 | Common | NONE |
| 852234AK9 | XYZ 0.25 11/01/27 | BLOCK INC CV 0.25PERCENT 110127 REG | $35.6M | 0.90% | 38,470,000 | Common | NONE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICA CV 2PERCENT 031529 REG | $33.8M | 0.86% | 36,680,000 | Common | NONE |
| 45781MAD3 | INVA 2.125 03/15/28 | INNOVIVA INC CV 2.125PERCENT 031528 REG | $33.6M | 0.85% | 33,052,000 | Common | NONE |
| 45258DAB1 | IMCR 2.5 02/01/30 | IMMUNOCORE HOLDINGS P CV 2.5PERCENT 020130 REG | $32.7M | 0.83% | 36,235,000 | Common | NONE |
| 516544AB9 | LNTH 2.625 12/15/27 | LANTHEUS HOLDINGS I CV 2.625PERCENT 121527 REG | $32.5M | 0.82% | 28,419,000 | Common | NONE |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY CV 0.75PERCENT 060130 REG | $32.3M | 0.82% | 33,000,000 | Common | NONE |
| 472145AH4 | JAZZ 3.125 09/15/30 | JAZZ INVESTMENTS I CV 3.125PERCENT 091530 REG | $28.6M | 0.72% | 21,500,000 | Common | NONE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP CV 1.125PERCENT 081529 REG | $25.5M | 0.64% | 22,350,000 | Common | NONE |
| 10316TAD6 | BOX 1.5 09/15/29 | BOX INC CV 1.5PERCENT 091529 REG | $22.9M | 0.58% | 23,500,000 | Common | NONE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLO CV 2.25PERCENT 091530 REG | $21.6M | 0.55% | 24,105,000 | Common | NONE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC CV 1.25PERCENT 081528 REG | $21.1M | 0.53% | 21,435,000 | Common | NONE |
| 011642AD7 | ALRM 2.25 06/01/29 | ALARM.COM HOLDINGS I CV 2.25PERCENT 060129 REG | $19.5M | 0.49% | 20,471,000 | Common | NONE |
| 723484AK7 | PNW 4.75 06/15/27 | PINNACLE WEST CAPITA CV 4.75PERCENT 061527 REG | $19.4M | 0.49% | 18,188,000 | Common | NONE |
| 48123VAH5 | ZD 3.625 03/01/28 | ZIFF DAVIS INC CV 3.625PERCENT 030128 144A | $19.2M | 0.49% | 19,701,000 | Common | NONE |
| 98421MAE6 | XRX 3.75 03/15/30 | XEROX HOLDINGS CORP CV 3.75PERCENT 031530 REG | $18.8M | 0.48% | 67,650,000 | Common | NONE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPHASE ENERGY INC CV 0PERCENT 030128 REG | $18.5M | 0.47% | 21,279,000 | Common | NONE |
| 70509VAA8 | PEB 1.75 12/15/26 | PEBBLEBROOK HOTEL TR CV 1.75PERCENT 121526 REG | $18.4M | 0.47% | 19,085,000 | Common | NONE |
| 55087PAD6 | LYFT 0.625 03/01/29 | LYFT INC CV 0.625PERCENT 030129 REG | $16.6M | 0.42% | 13,800,000 | Common | NONE |
| 753422AH7 | RPD 1.25 03/15/29 | RAPID7 INC CV 1.25PERCENT 031529 REG | $16.5M | 0.42% | 18,090,000 | Common | NONE |
| 338307AF8 | FIVN 1 03/15/29 | FIVE9 INC CV 1PERCENT 031529 REG | $14.9M | 0.38% | 16,550,000 | Common | NONE |
| 671044AF2 | OSIS 2.25 08/01/29 | OSI SYSTEMS INC CV 2.25PERCENT 080129 REG | $14.8M | 0.38% | 10,000,000 | Common | NONE |
| 00164VAJ2 | AMCX 4.25 02/15/29 * | AMC NETWORKS INC CV 4.25PERCENT 021529 REG | $13.9M | 0.35% | 13,600,000 | Common | NONE |
| 974637AF7 | WGO 3.25 01/15/30 | WINNEBAGO INDUSTRIES CV 3.25PERCENT 011530 REG | $13.6M | 0.35% | 14,548,000 | Common | NONE |
| 26884U208 | EPR 5.75 PERP C | ENTERTAINMENT PROPERTIES 5.75PERCENT CV PFD C | $11.8M | 0.30% | 526,431 | Common | NONE |
| 30050BAH4 | EVH 3.5 12/01/29 | EVOLENT HEALTH INC CV 3.5PERCENT 120129 REG | $11.0M | 0.28% | 16,425,000 | Common | NONE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC CV 1.375PERCENT 071530 REG | $9.2M | 0.23% | 9,139,000 | Common | NONE |
| 57164YAF4 | VAC 3.25 12/15/27 | MARRIOTT VACATIONS W CV 3.25PERCENT 121527 REG | $7.6M | 0.19% | 8,000,000 | Common | NONE |
| 501812AB7 | LCII 1.125 05/15/26 | LCI INDUSTRIES CV 1.125PERCENT 051526 REG | $7.4M | 0.19% | 7,500,000 | Common | NONE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAPITAL FUNDING CV 2.875PERCENT 031528 REG | $6.8M | 0.17% | 6,230,000 | Common | NONE |
| 30050BAJ0 | EVH 4.5 08/15/31 | EVOLENT HEALTH INC CV 4.5PERCENT 081531 144A | $6.6M | 0.17% | 9,485,000 | Common | NONE |
| 26884U307 | EPR 9 PERP E | ENTERTAINMENT PROPERTIES 9PERCENT CV PFD E | $5.9M | 0.15% | 197,382 | Common | NONE |
| 011642AB1 | ALRM 0 01/15/26 | ALARM.COM HLDGS INC CV 0PERCENT 011526 REG | $4.6M | 0.12% | 4,623,000 | Common | NONE |
| 48251W500 | KKR 6.25 03/01/28 D | KKR & CO INC CV 6.25PERCENT 030128PFD D REG | $1.0M | 0.03% | 20,000 | Common | NONE |
| 21874A114 | CORZW | Core Scientific Inc WAR 6.81 012327 | $0 | — | 760,053 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.