2026 Q1 Portfolio Activity
In 2026 Q1, STEELHEAD PARTNERS LLC maintained a portfolio of 31 distinct positions. They heavily accumulated shares in BBIO 2 1/2 03/15/27, increasing the position by 483.3%. The fund also reduced its exposure to ON SEMICONDUCTOR CORP by 91.0%.
Position History
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Total Positions
31
Quarter
2026 Q1
Top Holding
N/A (9.1%)
Top 10 Concentration
69.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-31 of 31
STEELHEAD PARTNERS LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
N/A
BBIO 2 1/2 03/1...
|
|
Bond/Debt | 9.10% | — |
#1
Prev: #—
|
9.1 |
—
|
70,000,000 | — |
NEW
|
70,000,000 | $126,632,940 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
ON 0 05/01/27
|
|
Bond/Debt | 9.06% | 8.83% |
#2
1
Prev: #1
|
5.6 |
—
|
-2,297,000 | -2.3% |
P
S
|
97,703,000 | $126,082,693 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
UBER 0 7/8 12/0...
|
|
Bond/Debt | 8.69% | 5.28% |
#3
5
Prev: #8
|
7.5 |
—
|
45,000,000 | 81.8% |
P
S
|
100,000,000 | $120,827,700 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
AEIS 2 1/2 09/1...
|
|
Bond/Debt | 7.01% | 4.85% |
#4
8
Prev: #12
|
3.8 |
—
|
500,000 | 1.2% |
P
S
|
40,500,000 | $97,503,750 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
AKAM 1 1/8 02/1...
|
|
Bond/Debt | 6.33% | 6.40% |
#5
2
Prev: #3
|
3.5 |
—
|
-10,500,000 | -12.0% |
P
S
|
77,000,000 | $87,993,290 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
LCII 3 03/01/30
|
|
Bond/Debt | 5.98% | — |
#6
Prev: #—
|
5.9 |
—
|
69,000,000 | — |
NEW
|
69,000,000 | $83,249,949 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
ALRM 2 1/4 06/0...
|
|
Bond/Debt | 5.98% | 6.34% |
#7
3
Prev: #4
|
3.4 |
—
|
no change | no change |
P
S
|
90,000,000 | $83,219,940 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
NET 0 08/15/26
|
|
Bond/Debt | 5.91% | 7.28% |
#8
6
Prev: #2
|
2.9 |
—
|
-14,000,000 | -16.7% |
P
S
|
70,000,000 | $82,175,450 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
ALNY 1 09/15/27
|
|
Bond/Debt | 5.54% | — |
#9
Prev: #—
|
5.7 |
—
|
60,000,000 | — |
NEW
|
60,000,000 | $77,115,420 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
DXCM 0 3/8 05/1...
|
|
Bond/Debt | 5.50% | 5.64% |
#10
4
Prev: #6
|
3.2 |
—
|
no change | no change |
P
S
|
82,850,000 | $76,563,591 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
NTNX 0 1/4 10/0...
|
|
Bond/Debt | 4.77% | 5.41% |
#11
4
Prev: #7
|
2.9 |
—
|
no change | no change |
P
S
|
65,000,000 | $66,416,415 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
WK 1 1/4 08/15/...
|
|
Bond/Debt | 3.88% | — |
#12
Prev: #—
|
5.1 |
—
|
57,500,000 | — |
NEW
|
57,500,000 | $53,910,908 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
AKAM 0 3/8 09/0...
|
|
Bond/Debt | 3.34% | 5.07% |
#13
3
Prev: #10
|
1.3 |
—
|
-28,150,000 | -41.3% |
P
S
|
40,000,000 | $46,450,000 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
IRTC 1 1/2 09/0...
|
|
Bond/Debt | 2.85% | — |
#14
Prev: #—
|
4.6 |
—
|
36,122,000 | — |
NEW
|
36,122,000 | $39,659,283 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
ITRI 1 3/8 07/1...
|
|
Bond/Debt | 2.54% | 3.00% |
#15
2
Prev: #17
|
1.5 |
—
|
-5,000,000 | -12.5% |
P
S
|
35,000,000 | $35,350,000 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
VRNS 1 09/15/29
|
|
Bond/Debt | 2.51% | 1.03% |
#16
6
Prev: #22
|
4.0 |
—
|
25,000,000 | 166.7% |
P
S
|
40,000,000 | $34,944,960 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
POST 2 1/2 08/1...
|
|
Bond/Debt | 2.27% | — |
#17
Prev: #—
|
4.4 |
—
|
29,214,000 | — |
NEW
|
29,214,000 | $31,632,948 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
BILL 0 04/01/30
|
|
Bond/Debt | 2.15% | 4.97% |
#18
7
Prev: #11
|
0.9 |
—
|
-39,500,000 | -54.1% |
P
S
|
33,500,000 | $29,873,625 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
BL 1 06/01/29
|
|
Bond/Debt | 1.89% | 6.02% |
#19
14
Prev: #5
|
0.8 |
—
|
-49,000,000 | -63.6% |
P
S
|
28,000,000 | $26,341,028 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
PENG 2 08/15/30
|
|
Bond/Debt | 1.66% | 2.27% |
#20
2
Prev: #18
|
0.7 |
—
|
-7,000,000 | -23.3% |
P
S
|
23,000,000 | $23,071,300 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
HALO 0 1/4 03/0...
|
|
Bond/Debt | 1.43% | — |
#21
Prev: #—
|
4.1 |
—
|
19,053,000 | — |
NEW
|
19,053,000 | $19,828,914 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
LMAT 2 1/2 02/0...
|
|
Bond/Debt | 0.97% | 0.88% |
#22
1
Prev: #23
|
1.4 |
—
|
no change | no change |
P
S
|
12,000,000 | $13,524,888 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
FIVN 1 03/15/29
|
|
Bond/Debt | 0.56% | 1.67% |
#23
2
Prev: #21
|
0.2 |
—
|
-16,000,000 | -64.0% |
P
S
|
9,000,000 | $7,820,442 | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
VOYG
VOYAGER TECHNOL...
|
Industrials | 0.07% | 0.08% |
#24
Prev: #24
|
1.0 |
—
|
no change | no change |
P
S
|
43,000 | $1,005,770 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
N/A
PROGRESS SOFTWA...
|
|
Bond/Debt | 0.00% | 1.84% |
Sold All 😨
(Was: #20) |
0.0 |
—
|
-25,000,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
ETSY INC
|
|
Bond/Debt | 0.00% | 2.26% |
Sold All 😨
(Was: #19) |
0.0 |
—
|
-34,200,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
SEA LTD
|
|
Bond/Debt | 0.00% | 3.23% |
Sold All 😨
(Was: #16) |
0.0 |
—
|
-45,000,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
TRIPADVISOR INC
|
|
Bond/Debt | 0.00% | 3.49% |
Sold All 😨
(Was: #15) |
0.0 |
—
|
-47,901,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
CONFLUENT INC
|
|
Bond/Debt | 0.00% | 4.39% |
Sold All 😨
(Was: #14) |
0.0 |
—
|
-61,040,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
BOX INC
|
|
Bond/Debt | 0.00% | 4.63% |
Sold All 😨
(Was: #13) |
0.0 |
—
|
-53,609,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 | ||
|
N/A
JAZZ INVESTMENT...
|
|
Bond/Debt | 0.00% | 5.14% |
Sold All 😨
(Was: #9) |
0.0 |
—
|
-60,000,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-13 |
Showing 1-31 of 31 holdings