Chief Compliance Officer

0001951757-24-000467.txt : 20240513 0001951757-24-000467.hdr.sgml : 20240513 20240513094614 ACCESSION NUMBER: 0001951757-24-000467 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240513 DATE AS OF CHANGE: 20240513 EFFECTIVENESS DATE: 20240513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Balboa Wealth Partners CENTRAL INDEX KEY: 0001929008 ORGANIZATION NAME: IRS NUMBER: 810694237 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-22715 FILM NUMBER: 24937240 BUSINESS ADDRESS: STREET 1: 6263 NORTH SCOTTSDALE ROAD STREET 2: SUITE 265 CITY: SCOTTSDALE STATE: AZ ZIP: 85250 BUSINESS PHONE: 9494451465 MAIL ADDRESS: STREET 1: 6263 NORTH SCOTTSDALE ROAD STREET 2: SUITE 265 CITY: SCOTTSDALE STATE: AZ ZIP: 85250 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001929008 XXXXXXXX 03-31-2024 03-31-2024 Balboa Wealth Partners

6263 NORTH SCOTTSDALE ROAD SUITE 265 SCOTTSDALE AZ 85250

13F HOLDINGS REPORT 028-22715 N Jeffrey Gilbert Chief Compliance Officer 949-445-1465 Jeffrey Gilbert Scottsdale AZ 05-13-2024 9 293 339633306 false 1 Zacks Investment Management 2 Alliance Bernstein 3 Alta Capital Management 4 Charles Schwab 5 ClearBridge Investments 6 Highmore 7 Hilton Capital Management 8 Strategic Global Advisors 9 State Street Global Advisors INFORMATION TABLE 2 F_13F_Balboa_Q12024.xml ABBOTT LABS COM 002824100 822448 7236 SH DFND 1.0 0 0 7236 ADVANCED MICRO DEVICES INC COM 007903107 13792143 76415 SH DFND 1.0 0 0 76415 ALBEMARLE CORP COM 012653101 729049 5534 SH SOLE 0 0 5534 AMAZON COM INC COM 023135106 13310781 73793 SH DFND 3.0 0 0 73793 AMERICAN CENTY ETF TR EMERGING MKT VAL 025072372 260328 5493 SH SOLE 0 0 5493 AMERICAN CENTY ETF TR INTL SMCP VLU 025072802 275438 4182 SH SOLE 0 0 4182 AMERICAN CENTY ETF TR US SML CP VALU 025072877 559037 5966 SH SOLE 0 0 5966 AMGEN INC COM 031162100 305937 1076 SH DFND 1.0 0 0 1076 APPLE INC COM 037833100 12455226 72634 SH DFND 1.0 0 0 72634 APPLIED MATLS INC COM 038222105 787244 3817 SH DFND 1.0 0 0 3817 APTARGROUP INC COM 038336103 226627 1575 SH SOLE 0 0 1575 ARISTA NETWORKS INC COM 040413106 692472 2388 SH DFND 2.0 0 0 2388 ARM HOLDINGS PLC SPONSORED ADR 042068205 343723 2750 SH SOLE 0 0 2750 ASHFORD HOSPITALITY TR INC COM SHS 044103869 35620 26000 SH SOLE 0 0 26000 ATKORE INC COM 047649108 250704 1317 SH DFND 1.0 0 0 1317 BP PLC SPONSORED ADR 055622104 800135 21235 SH DFND 8.0 0 0 21235 BAIDU INC SPON ADR REP A 056752108 302575 2874 SH DFND 8.0 0 0 2874 BANK AMERICA CORP COM 060505104 276171 7283 SH DFND 1.0 0 0 7283 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3816219 9075 SH SOLE 0 0 9075 BITWISE FUNDS TRUST WEB3 ETF 091748103 448241 9495 SH SOLE 0 0 9495 BOEING CO COM 097023105 2810706 14564 SH SOLE 0 0 14564 THE CIGNA GROUP COM 125523100 225858 622 SH SOLE 0 0 622 CVS HEALTH CORP COM 126650100 221879 2782 SH SOLE 0 0 2782 CATERPILLAR INC COM 149123101 304334 831 SH DFND 1.0 0 0 831 CHEVRON CORP NEW COM 166764100 1176080 7456 SH DFND 1.0 0 0 7456 CITIGROUP INC COM NEW 172967424 650593 10288 SH DFND 1.0 0 0 10288 COCA COLA CO COM 191216100 214906 3513 SH DFND 1.0 0 0 3513 CONSOLIDATED EDISON INC COM 209115104 204145 2248 SH SOLE 0 0 2248 DELTA AIR LINES INC DEL COM NEW 247361702 366769 7662 SH SOLE 0 0 7662 DEXCOM INC COM 252131107 210269 1516 SH SOLE 0 0 1516 DISNEY WALT CO COM 254687106 1633353 13349 SH DFND 3.0 0 0 13349 EMERSON ELEC CO COM 291011104 294571 2597 SH DFND 1.0 0 0 2597 EQUITRANS MIDSTREAM CORP COM 294600101 214791 17197 SH SOLE 0 0 17197 EXCHANGE TRADED CONCEPTS TRU BITWISE CRYPTO 301505624 259910 19750 SH SOLE 0 0 19750 FEDERAL AGRIC MTG CORP CL C 313148306 733378 3725 SH SOLE 0 0 3725 GALLAGHER ARTHUR J & CO COM 363576109 507081 2028 SH DFND 1.0 0 0 2028 GAP INC COM 364760108 363798 13205 SH SOLE 0 0 13205 GENERAL ELECTRIC CO COM NEW 369604301 510233 2907 SH SOLE 0 0 2907 GILEAD SCIENCES INC COM 375558103 257421 3514 SH DFND 1.0 0 0 3514 GODADDY INC CL A 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464287580 2520332 30747 SH SOLE 0 0 30747 ISHARES TR RUSSELL 2000 ETF 464287655 803346 3820 SH SOLE 0 0 3820 ISHARES TR U.S. TECH ETF 464287721 2630429 19476 SH SOLE 0 0 19476 ISHARES TR US INDUSTRIALS 464287754 2601443 20694 SH SOLE 0 0 20694 ISHARES TR U.S. FINLS ETF 464287788 2590585 27084 SH SOLE 0 0 27084 ISHARES TR IBOXX HI YD ETF 464288513 249980 3216 SH SOLE 0 0 3216 ISHARES TR 10-20 YR TRS ETF 464288653 221088 2105 SH SOLE 0 0 2105 ELI LILLY & CO COM 532457108 1429976 1838 SH DFND 2.0 0 0 1838 JOHNSON & JOHNSON COM 478160104 990115 6259 SH DFND 1.0 0 0 6259 LAM RESEARCH CORP COM 512807108 381827 393 SH SOLE 0 0 393 LEIDOS HOLDINGS INC COM 525327102 217872 1662 SH SOLE 0 0 1662 QUALCOMM INC COM 747525103 1013294 5985 SH DFND 2.0 0 0 5985 LOCKHEED MARTIN CORP COM 539830109 792295 1742 SH DFND 1.0 0 0 1742 LOOP INDS INC COM 543518104 97146 34695 SH SOLE 0 0 34695 MARVELL TECHNOLOGY INC COM 573874104 613183 8651 SH SOLE 0 0 8651 MCDONALDS CORP COM 580135101 774696 2748 SH DFND 1.0 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0 2706 STERLING INFRASTRUCTURE INC COM 859241101 2115746 19180 SH SOLE 0 0 19180 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 4232659 31111 SH DFND 5.0 0 0 31111 COSTCO WHSL CORP NEW COM 22160K105 3206742 4377 SH DFND 2.0 0 0 4377 THERMO FISHER SCIENTIFIC INC COM 883556102 296557 510 SH DFND 3.0 0 0 510 UNITED PARCEL SERVICE INC CL B 911312106 228111 1535 SH DFND 5.0 0 0 1535 UNITED STATES STL CORP NEW COM 912909108 284155 6968 SH SOLE 0 0 6968 VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 682991 9404 SH SOLE 0 0 9404 VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 631216 5217 SH SOLE 0 0 5217 VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1088211 2264 SH SOLE 0 0 2264 VANGUARD INDEX FDS VALUE ETF 922908744 390245 2396 SH DFND 6.0 0 0 2396 VANGUARD INDEX FDS SMALL CP ETF 922908751 303568 1328 SH DFND 6.0 0 0 1328 WALMART INC COM 931142103 347677 5778 SH DFND 1.0 0 0 5778 RTX CORPORATION COM 75513E101 1129361 11580 SH DFND 5.0 0 0 11580 INVESCO QQQ TR UNIT SER 1 46090E103 5563886 12531 SH SOLE 0 0 12531 TARGET CORP COM 87612E106 220000 1241 SH DFND 5.0 0 0 1241 CROWDSTRIKE HLDGS INC CL A 22788C105 1051856 3281 SH DFND 2.0 0 0 3281 AT&T INC COM 00206R102 1034358 58770 SH DFND 1.0 0 0 58770 ABBVIE INC COM 00287Y109 1237967 6798 SH DFND 1.0 0 0 6798 ADOBE INC COM 00724F101 1914905 3795 SH DFND 3.0 0 0 3795 AFFIRM HLDGS INC COM CL A 00827B106 970027 26034 SH SOLE 0 0 26034 AKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 00971TAJ0 26021 22000 PRN SOLE 0 0 22000 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 765062 10573 SH DFND 8.0 0 0 10573 ALPHABET INC CAP STK CL C 02079K107 7963807 52304 SH DFND 1.0 0 0 52304 ALPHABET INC CAP STK CL A 02079K305 2174054 14404 SH DFND 3.0 0 0 14404 APPLOVIN CORP COM CL A 03831W108 460867 6658 SH SOLE 0 0 6658 AQUA METALS INC COM 03837J101 6456 12000 SH SOLE 0 0 12000 ARCH RESOURCES INC CL A 03940R107 715626 4451 SH SOLE 0 0 4451 ARES CAPITAL CORP COM 04010L103 677824 32556 SH DFND 7.0 0 0 32556 ARRAY TECHNOLOGIES INC NOTE 1.000%12/0 04271TAB6 24053 26000 PRN SOLE 0 0 26000 BABCOCK & WILCOX ENTERPRISES COM 05614L209 18148 16060 SH SOLE 0 0 16060 BIOMARIN PHARMACEUTICAL INC NOTE 0.599% 8/0 09061GAH4 46068 47000 PRN SOLE 0 0 47000 BLACKSTONE INC COM 09260D107 344694 2624 SH DFND 7.0 0 0 2624 BROADCOM INC COM 11135F101 1854249 1399 SH DFND 1.0 0 0 1399 CAMECO CORP COM 13321L108 663907 15326 SH SOLE 0 0 15326 CAPITAL GROUP CORE EQUITY ET SHS CREATION UNI 14020V108 209333 6718 SH SOLE 0 0 6718 CAPITAL GRP FIXED INCM ETF T US MULTI-SECTOR 14020Y300 305611 11302 SH SOLE 0 0 11302 CHEESECAKE FACTORY INC NOTE 0.375% 6/1 163072AA9 33758 38000 PRN SOLE 0 0 38000 CHEFS WHSE INC NOTE 2.375%12/1 163086AE1 35011 32000 PRN SOLE 0 0 32000 CHENIERE ENERGY INC COM NEW 16411R208 1137941 7056 SH SOLE 0 0 7056 CONMED CORP NOTE 2.250% 6/1 207410AH4 29267 32000 PRN SOLE 0 0 32000 META PLATFORMS INC CL A 30303M102 7753330 15967 SH DFND 2.0 0 0 15967 INTUITIVE SURGICAL INC COM NEW 46120E602 2140320 5363 SH DFND 2.0 0 0 5363 CYBIN INC COM 23256X100 7074 17108 SH SOLE 0 0 17108 DATADOG INC NOTE 0.125% 6/1 23804LAB9 35094 25000 PRN SOLE 0 0 25000 DEXCOM INC NOTE 0.250%11/1 252131AK3 41741 38000 PRN SOLE 0 0 38000 DIAMONDBACK ENERGY INC COM 25278X109 357102 1802 SH SOLE 0 0 1802 DIMENSIONAL ETF TRUST US EQUITY ETF 25434V401 1001214 17571 SH SOLE 0 0 17571 DIMENSIONAL ETF TRUST US TARGETED VLU 25434V609 1367175 25118 SH SOLE 0 0 25118 DIMENSIONAL ETF TRUST US CORE EQUITY 2 25434V708 523597 16388 SH SOLE 0 0 16388 DIMENSIONAL ETF TRUST US MKTWIDE VALUE 25434V724 923236 22573 SH SOLE 0 0 22573 DRAFTKINGS INC NEW COM CL A 26142V105 624251 13747 SH SOLE 0 0 13747 DROPBOX INC NOTE 3/0 26210CAC8 35053 37000 PRN SOLE 0 0 37000 DUKE ENERGY CORP NEW COM NEW 26441C204 366250 3787 SH SOLE 0 0 3787 DUOLINGO INC CL A COM 26603R106 325356 1475 SH SOLE 0 0 1475 ENPHASE ENERGY INC NOTE 3/0 29355AAH0 30431 33000 PRN SOLE 0 0 33000 ETSY INC NOTE 0.125%10/0 29786AAJ5 19023 18000 PRN SOLE 0 0 18000 EXACT SCIENCES CORP NOTE 0.375% 3/0 30063PAC9 23809 26000 PRN SOLE 0 0 26000 EXXON MOBIL CORP COM 30231G102 991208 8527 SH DFND 1.0 0 0 8527 MSCI INC COM 55354G100 465171 830 SH DFND 2.0 0 0 830 FORD MTR CO DEL NOTE 3/1 345370CZ1 40182 39000 PRN SOLE 0 0 39000 GABELLI UTIL TR COM 36240A101 679265 122390 SH SOLE 0 0 122390 GLOBAL SELF STORAGE INC COM 37955N106 56880 12782 SH SOLE 0 0 12782 GOLDMAN SACHS GROUP INC COM 38141G104 609020 1458 SH DFND 7.0 0 0 1458 HAEMONETICS CORP MASS NOTE 3/0 405024AB6 34877 38000 PRN SOLE 0 0 38000 HALOZYME THERAPEUTICS INC COM 40637H109 234642 5768 SH SOLE 0 0 5768 HALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 40637HAF6 32083 33000 PRN SOLE 0 0 33000 IMMUNIC INC COM 4525EP101 15840 12000 SH SOLE 0 0 12000 INSEEGO CORP NOTE 3.250% 5/0 45782BAD6 7459 20000 PRN SOLE 0 0 20000 INNOVATOR ETFS TRUST US EQTY PWR BUF 45782C748 2087183 60463 SH SOLE 0 0 60463 INTEGRA LIFESCIENCES HLDGS C NOTE 0.500% 8/1 457985AM1 31611 33000 PRN SOLE 0 0 33000 INTEGER HLDGS CORP NOTE 2.125% 2/1 45826HAB5 37341 26000 PRN SOLE 0 0 26000 SERVICENOW INC COM 81762P102 1230514 1614 SH DFND 2.0 0 0 1614 INVESCO SR INCOME TR COM 46131H107 44940 10500 SH SOLE 0 0 10500 INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 46137V233 393916 9350 SH SOLE 0 0 9350 INVESCO EXCH TRADED FD TR II S&P500 LOW VOL 46138E354 217371 3300 SH DFND 1.0 0 0 3300 IONIS PHARMACEUTICALS INC NOTE 4/0 462222AD2 16829 17000 PRN SOLE 0 0 17000 ISHARES TR CORE DIV GRWTH 46434V621 519184 8942 SH SOLE 0 0 8942 ISHARES TR TRS FLT RT BD 46434V860 448607 8850 SH SOLE 0 0 8850 ISHARES TR US INFRASTRUC 46435U713 264851 6108 SH SOLE 0 0 6108 JPMORGAN CHASE & CO COM 46625H100 1685838 8417 SH DFND 7.0 0 0 8417 ASML HOLDING N V N Y REGISTRY SHS N07059210 4216649 4345 SH DFND 2.0 0 0 4345 J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837 1144205 22680 SH SOLE 0 0 22680 J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM 46654Q203 1268731 23391 SH DFND 7.0 0 0 23391 KYNDRYL HLDGS INC COMMON STOCK 50155Q100 258095 11861 SH SOLE 0 0 11861 LANTHEUS HLDGS INC NOTE 2.625%12/1 516544AB9 28755 26000 PRN SOLE 0 0 26000 LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 531229AQ5 33471 33000 PRN SOLE 0 0 33000 LITHIUM AMERS CORP NEW COM SHS 53681J103 310645 46227 SH SOLE 0 0 46227 LITHIUM AMERICAS ARGENTINA C COM SHS 53681K100 240664 44650 SH SOLE 0 0 44650 LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 538034BA6 37030 31000 PRN SOLE 0 0 31000 LUMENTUM HLDGS INC NOTE 0.500%12/1 55024UAD1 28975 33000 PRN SOLE 0 0 33000 MGP INGREDIENTS INC NEW NOTE 1.875%11/1 55303JAB2 26926 25000 PRN SOLE 0 0 25000 MPLX LP COM UNIT REP LTD 55336V100 200361 4821 SH SOLE 0 0 4821 ISHARES TR PFD AND INCM SEC 464288687 719688 22330 SH DFND 4.0 0 0 22330 MAIN STR CAP CORP COM 56035L104 607792 12847 SH SOLE 0 0 12847 MARATHON PETE CORP COM 56585A102 385599 1914 SH SOLE 0 0 1914 MASTERCARD INCORPORATED CL A 57636Q104 3697921 7679 SH DFND 3.0 0 0 7679 MCKESSON CORP COM 58155Q103 441525 822 SH SOLE 0 0 822 MEDICAL PPTYS TRUST INC COM 58463J304 49841 10604 SH SOLE 0 0 10604 MERCADOLIBRE INC COM 58733R102 566985 375 SH SOLE 0 0 375 MERCK & CO INC COM 58933Y105 583248 4420 SH DFND 1.0 0 0 4420 MICROCHIP TECHNOLOGY INC. NOTE 0.125%11/1 595017AU8 35257 33000 PRN SOLE 0 0 33000 NCL CORP LTD NOTE 5.375% 8/0 62886HAX9 32412 25000 PRN SOLE 0 0 25000 NRG ENERGY INC DBCV 2.750% 6/0 629377CG5 57857 35000 PRN SOLE 0 0 35000 NETAPP INC COM 64110D104 320159 3050 SH SOLE 0 0 3050 NETFLIX INC COM 64110L106 1606995 2646 SH DFND 1.0 0 0 2646 RITHM CAPITAL CORP COM NEW 64828T201 178555 16000 SH SOLE 0 0 16000 NEXTERA ENERGY INC COM 65339F101 521486 8160 SH DFND 1.0 0 0 8160 NICE LTD NOTE 9/1 653656AB4 54228 52000 PRN SOLE 0 0 52000 NORTHERN OIL & GAS INC NOTE 3.625% 4/1 665531AJ8 30529 25000 PRN SOLE 0 0 25000 NUTANIX INC NOTE 0.250%10/0 67059NAH1 36903 30000 PRN SOLE 0 0 30000 NUVEEN ARIZONA QLTY MUN INC COM 67061W104 112226 10221 SH SOLE 0 0 10221 NVIDIA CORPORATION COM 67066G104 35814302 39637 SH DFND 5.0 0 0 39637 OCULAR THERAPEUTIX INC COM 67576A100 345800 38000 SH SOLE 0 0 38000 ORACLE CORP COM 68389X105 285543 2273 SH DFND 1.0 0 0 2273 PALANTIR TECHNOLOGIES INC CL A 69608A108 992766 43145 SH SOLE 0 0 43145 PALO ALTO NETWORKS INC NOTE 0.375% 6/0 697435AF2 51259 18000 PRN SOLE 0 0 18000 PATRICK INDS INC NOTE 1.750%12/0 703343AG8 49033 38000 PRN SOLE 0 0 38000 PEBBLEBROOK HOTEL TR NOTE 1.750%12/1 70509VAA8 28666 32000 PRN SOLE 0 0 32000 PIONEER NAT RES CO NOTE 0.250% 5/1 723787AP2 77255 27000 PRN SOLE 0 0 27000 POST HLDGS INC NOTE 2.500% 8/1 737446AT1 37067 33000 PRN SOLE 0 0 33000 PURE STORAGE INC CL A 74624M102 201097 3868 SH DFND 1.0 0 0 3868 REGENERON PHARMACEUTICALS COM 75886F107 2206027 2292 SH SOLE 0 0 2292 S&P GLOBAL INC COM 78409V104 789388 1855 SH DFND 3.0 0 0 1855 SPDR S&P 500 ETF TR TR UNIT 78462F103 11965736 22876 SH DFND 9.0 0 0 22876 SPDR GOLD TR GOLD SHS 78463V107 4740200 23042 SH DFND 6.0 0 0 23042 SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 980351 27089 SH DFND 9.0 0 0 27089 SPDR INDEX SHS FDS S&P INTL SMLCP 78463X871 217973 6711 SH DFND 9.0 0 0 6711 SPDR INDEX SHS FDS PORTFOLIO DEVLPD 78463X889 1306189 36445 SH DFND 9.0 0 0 36445 SPDR SER TR BLOOMBERG EMERGI 78464A391 380132 18543 SH DFND 9.0 0 0 18543 SPDR SER TR AEROSPACE DEF 78464A631 554171 3944 SH SOLE 0 0 3944 SPDR SER TR PORTFOLIO AGRGTE 78464A649 256769 10157 SH DFND 9.0 0 0 10157 SPDR SER TR S&P DIVID ETF 78464A763 225113 1715 SH SOLE 0 0 1715 SPDR SER TR PORTFOLIO S&P400 78464A847 292197 5478 SH DFND 9.0 0 0 5478 SPDR SER TR S&P BIOTECH 78464A870 685106 7220 SH SOLE 0 0 7220 SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608 250162 5941 SH DFND 9.0 0 0 5941 SPDR DOW JONES INDL AVERAGE UT SER 1 78467X109 2462409 6191 SH SOLE 0 0 6191 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 5069591 9111 SH SOLE 0 0 9111 SPDR SER TR BLOOMBERG EMG MK 78468R515 221615 9169 SH DFND 9.0 0 0 9169 SPDR SER TR BLOOMBERG HIGH Y 78468R622 918870 9652 SH DFND 9.0 0 0 9652 SPDR SER TR BLOOMBERG 1-3 MO 78468R663 717050 7811 SH DFND 9.0 0 0 7811 SPDR SER TR PORTFOLIO S&P600 78468R853 686433 15949 SH DFND 9.0 0 0 15949 SPDR SER TR BLOOMBERG 1 10 Y 78468R861 326498 17516 SH DFND 9.0 0 0 17516 SSGA ACTIVE TR SPDR SSGA US SCT 78470P408 1488149 29849 SH DFND 9.0 0 0 29849 SSGA ACTIVE TR SPDR SSGA FXD 78470P507 1827803 71315 SH DFND 9.0 0 0 71315 SALESFORCE INC COM 79466L302 457191 1518 SH DFND 5.0 0 0 1518 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 555433 3760 SH SOLE 0 0 3760 SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 312270 4089 SH SOLE 0 0 4089 SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 251719 1369 SH SOLE 0 0 1369 SELECT SECTOR SPDR TR ENERGY 81369Y506 1765821 18704 SH DFND 7.0 0 0 18704 SELECT SECTOR SPDR TR FINANCIAL 81369Y605 695898 16522 SH SOLE 0 0 16522 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1790961 8599 SH SOLE 0 0 8599 SENTINELONE INC CL A 81730H109 255175 10947 SH SOLE 0 0 10947 SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 911432 11304 SH DFND 4.0 0 0 11304 SHIFT4 PMTS INC NOTE 12/1 82452JAB5 32190 30000 PRN SOLE 0 0 30000 SHOPIFY INC CL A 82509L107 238995 3097 SH DFND 5.0 0 0 3097 SOFI TECHNOLOGIES INC COM 83406F102 89608 12275 SH SOLE 0 0 12275 SOLO BRANDS INC COM CL A 83425V104 29838 13750 SH SOLE 0 0 13750 SOUTHERN COPPER CORP COM 84265V105 371659 3489 SH SOLE 0 0 3489 SOUTHWEST AIRLS CO NOTE 1.250% 5/0 844741BG2 32183 32000 PRN SOLE 0 0 32000 BLOCK INC NOTE 0.125% 3/0 852234AF0 18365 18000 PRN SOLE 0 0 18000 SUPER MICRO COMPUTER INC COM 86800U104 228267 226 SH SOLE 0 0 226 TELADOC HEALTH INC NOTE 1.250% 6/0 87918AAF2 26783 32000 PRN SOLE 0 0 32000 TESLA INC CALL 88160R901 24603318 185806 PRN Call DFND 5.0 0 0 185806 TETRA TECHNOLOGIES INC DEL COM 88162F105 47729 10774 SH SOLE 0 0 10774 UBER TECHNOLOGIES INC COM 90353T100 418749 5439 SH DFND 1.0 0 0 5439 UBER TECHNOLOGIES INC NOTE 12/1 90353TAJ9 37337 33000 PRN SOLE 0 0 33000 ULTA BEAUTY INC COM 90384S303 329937 631 SH SOLE 0 0 631 UNITEDHEALTH GROUP INC COM 91324P102 465242 940 SH DFND 5.0 0 0 940 VAIL RESORTS INC NOTE 1/0 91879QAN9 35010 38000 PRN SOLE 0 0 38000 VANECK ETF TRUST FALLEN ANGEL HG 92189F437 363446 12524 SH SOLE 0 0 12524 VANECK ETF TRUST MRNGSTR WDE MOAT 92189F643 1161778 12923 SH SOLE 0 0 12923 VANECK ETF TRUST JP MRGAN EM LOC 92189H300 221827 9050 SH SOLE 0 0 9050 VANECK ETF TRUST ETHEREUM STRATEG 92189H698 218367 7749 SH SOLE 0 0 7749 VANECK ETF TRUST MORNINGSTAR SMID 92189H730 541462 15874 SH SOLE 0 0 15874 VANECK BITCOIN TR SH BEN INT 92189K105 237244 2953 SH SOLE 0 0 2953 VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 453021 7801 SH DFND 7.0 0 0 7801 VENTAS INC COM 92276F100 272996 6270 SH SOLE 0 0 6270 VERIZON COMMUNICATIONS INC COM 92343V104 936320 22315 SH DFND 1.0 0 0 22315 VISA INC COM CL A 92826C839 3067357 10991 SH DFND 7.0 0 0 10991 VISTRA CORP COM 92840M102 225596 3239 SH SOLE 0 0 3239 WASTE MGMT INC DEL COM 94106L109 258679 1214 SH SOLE 0 0 1214 WELLTOWER INC COM 95040Q104 246868 2642 SH SOLE 0 0 2642 AG MTG INVT TR INC NOTE 6.750% 9/1 95790DAD7 24701 25000 PRN SOLE 0 0 25000 WISDOMTREE TR EMER MKT HIGH FD 97717W315 212399 5076 SH SOLE 0 0 5076 WISDOMTREE TR ITL HIGH DIV FD 97717W802 201681 5089 SH SOLE 0 0 5089 WOLFSPEED INC NOTE 0.250% 2/1 977852AB8 21979 38000 PRN SOLE 0 0 38000 ZILLOW GROUP INC NOTE 2.750% 5/1 98954MAH4 32697 31000 PRN SOLE 0 0 31000 ZSCALER INC NOTE 0.125% 7/0 98980GAB8 42308 31000 PRN SOLE 0 0 31000 EATON CORP PLC SHS G29183103 468395 1498 SH DFND 5.0 0 0 1498 NORDIC AMERICAN TANKERS LIMI COM G65773106 55965 14277 SH SOLE 0 0 14277 AERCAP HOLDINGS NV SHS N00985106 1434015 16500 SH SOLE 0 0 16500 J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM 46641Q332 2732036 47218 SH DFND 4.0 0 0 47218