Steelhead Partners LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Steelhead Partners LLC disclosed 36 US equity positions worth $2.0bn in its Q2 2025 13F filing. The largest position was SPOT 0 03/15/26 at 8.8% of the reported book, followed by ITRI and LITE. Against the Q1 2025 filing, it opened 12 new positions, added to 5 and reduced 12 among the top 36 holdings.
What did Steelhead Partners LLC own in Q2 2025? Top 36 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPOT 0 03/15/26 | 8.8% | $175.0m | 115,500,000 | -3% | reduced | |
| 2 | ITRI ITRI 0 03/15/26 | 5.4% | $107.7m | 95,000,000 | 0% | held | |
| 3 | LITE LITE 0 1/2 12/15/26 | 4.3% | $85.8m | 73,000,000 | -3% | reduced | |
| 4 | ALNY ALNY 1 09/15/27 | 4.3% | $84.6m | 65,000,000 | 51% | added | |
| 5 | UBER UBER 0 12/15/25 | 4.2% | $83.9m | 70,000,000 | 0% | held | |
| 6 | DXCM 0 3/8 05/15/28 | 3.8% | $75.1m | 79,850,000 | -0% | held | |
| 7 | BL BL 1 06/01/29 | 3.8% | $74.5m | 70,000,000 | – | new | |
| 8 | AEIS 2 1/2 09/15/28 | 3.7% | $74.4m | 62,000,000 | -10% | reduced | |
| 9 | UBER UBER 0 7/8 12/01/28 | 3.7% | $74.3m | 52,000,000 | 0% | held | |
| 10 | ALRM 2 1/4 06/01/29 | 3.7% | $73.4m | 75,500,000 | – | new | |
| 11 | SE SEALTD 0 1/4 09/15/26 | 3.6% | $72.3m | 76,549,000 | -42% | reduced | |
| 12 | AKAM AKAM 1 1/8 02/15/29 | 3.3% | $66.5m | 70,000,000 | – | new | |
| 13 | HALO HALO 0 1/4 03/01/27 | 3.3% | $64.7m | 65,000,000 | – | new | |
| 14 | AKAM AKAM 0 3/8 09/01/27 | 3.2% | $63.2m | 65,000,000 | -16% | reduced | |
| 15 | BOX 0 01/15/26 | 3.1% | $60.9m | 45,609,000 | 6% | added | |
| 16 | JAZZ 2 06/15/26 | 3.0% | $60.4m | 59,600,000 | 0% | held | |
| 17 | NET NET 0 08/15/26 | 2.9% | $56.7m | 47,812,000 | -40% | reduced | |
| 18 | DBX 0 03/01/26 | 2.7% | $54.5m | 55,000,000 | -10% | reduced | |
| 19 | ENPH 0 03/01/28 | 2.7% | $53.5m | 65,200,000 | 3% | added | |
| 20 | PD PD 1 1/2 10/15/28 | 2.6% | $51.6m | 54,001,000 | 8% | added | |
| 21 | CFLT 0 01/15/27 | 2.5% | $49.0m | 52,505,000 | -12% | reduced | |
| 22 | FVRR 0 11/01/25 | 2.5% | $49.0m | 50,000,000 | -6% | reduced | |
| 23 | TRIP 0 1/4 04/01/26 | 2.3% | $45.3m | 47,118,000 | 5% | added | |
| 24 | ITRI ITRI 1 3/8 07/15/30 | 2.0% | $39.3m | 33,000,000 | – | new | |
| 25 | UPWK UPWK 0 1/4 08/15/26 | 1.9% | $37.8m | 40,000,000 | 0% | held | |
| 26 | PRGS 1 04/15/26 | 1.9% | $37.5m | 31,500,000 | -14% | reduced | |
| 27 | ON ON 0 1/2 03/01/29 | 1.9% | $37.1m | 40,000,000 | – | new | |
| 28 | ETSY ETSY 0 1/4 06/15/28 | 1.8% | $36.1m | 42,000,000 | -36% | reduced | |
| 29 | SHOPCN 0 1/8 11/01/25 | 1.8% | $35.6m | 35,000,000 | -42% | reduced | |
| 30 | LITE LITE 1 1/2 12/15/29 | 1.4% | $27.7m | 18,000,000 | – | new | |
| 31 | LITE LITE 0 1/2 06/15/28 | 1.0% | $20.7m | 20,000,000 | 0% | held | |
| 32 | FIVN 1 03/15/29 | 0.8% | $16.2m | 18,500,000 | – | new | |
| 33 | MTH 1 3/4 05/15/28 | 0.7% | $14.0m | 14,341,000 | – | new | |
| 34 | BBIO BBIO 2 1/4 02/01/29 | 0.7% | $13.1m | 14,000,000 | – | new | |
| 35 | COIN 0 1/4 04/01/30 | 0.7% | $13.1m | 10,000,000 | – | new | |
| 36 | MIR Mirion Technologies Inc | Industrials | 0.1% | $1.2m | 57,352 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.