Steelhead Partners LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Steelhead Partners LLC disclosed 30 US equity positions worth $1.7bn in its Q3 2025 13F filing. The largest position was HALO at 7.7% of the reported book, followed by ITRI and AEIS 2 1/2 09/15/28. Against the Q2 2025 filing, it opened 4 new positions, added to 11 and reduced 9 among the top 30 holdings.
What did Steelhead Partners LLC own in Q3 2025? Top 30 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | HALO HALO 0 1/4 03/01/27 | 7.7% | $128.0m | 111,500,000 | 72% | added | |
| 2 | ITRI ITRI 0 03/15/26 | 6.0% | $100.7m | 95,000,000 | 0% | held | |
| 3 | AEIS 2 1/2 09/15/28 | 5.4% | $89.7m | 64,735,000 | 4% | added | |
| 4 | UBER UBER 0 12/15/25 | 4.9% | $81.6m | 66,847,000 | -5% | reduced | |
| 5 | BL BL 1 06/01/29 | 4.8% | $80.0m | 77,000,000 | 10% | added | |
| 6 | ALRM 2 1/4 06/01/29 | 4.6% | $76.9m | 80,000,000 | 6% | added | |
| 7 | UBER UBER 0 7/8 12/01/28 | 4.6% | $76.5m | 52,000,000 | 0% | held | |
| 8 | DXCM 0 3/8 05/15/28 | 4.5% | $75.6m | 82,850,000 | 4% | added | |
| 9 | SPOT 0 03/15/26 | 4.4% | $72.6m | 53,000,000 | -54% | reduced | |
| 10 | SE SEALTD 0 1/4 09/15/26 | 4.0% | $67.3m | 70,000,000 | -9% | reduced | |
| 11 | BOX 0 01/15/26 | 4.0% | $66.9m | 53,609,000 | 18% | added | |
| 12 | AKAM AKAM 1 1/8 02/15/29 | 4.0% | $65.9m | 70,000,000 | 0% | held | |
| 13 | AKAM AKAM 0 3/8 09/01/27 | 3.7% | $62.3m | 65,000,000 | 0% | held | |
| 14 | NET NET 0 08/15/26 | 3.7% | $62.1m | 50,000,000 | 5% | added | |
| 15 | JAZZ 2 06/15/26 | 3.3% | $55.8m | 52,500,000 | -12% | reduced | |
| 16 | DBX 0 03/01/26 | 3.0% | $49.5m | 50,000,000 | -9% | reduced | |
| 17 | ON ON 0 05/01/27 | 2.9% | $48.4m | 42,500,000 | – | new | |
| 18 | CFLT 0 01/15/27 | 2.8% | $47.3m | 50,000,000 | -5% | reduced | |
| 19 | TRIP 0 1/4 04/01/26 | 2.8% | $46.8m | 47,901,000 | 2% | added | |
| 20 | ON ON 0 1/2 03/01/29 | 2.3% | $38.5m | 41,500,000 | 4% | added | |
| 21 | ITRI ITRI 1 3/8 07/15/30 | 2.3% | $37.9m | 33,000,000 | 0% | held | |
| 22 | VRNS 1 09/15/29 | 2.3% | $37.9m | 35,000,000 | – | new | |
| 23 | ETSY ETSY 0 1/4 06/15/28 | 2.2% | $37.3m | 42,000,000 | 0% | held | |
| 24 | SGH 2 08/15/30 | 2.1% | $35.8m | 30,000,000 | – | new | |
| 25 | BBIO BBIO 2 1/4 02/01/29 | 1.8% | $29.7m | 30,000,000 | 114% | added | |
| 26 | ENPH 0 03/01/28 | 1.6% | $26.0m | 30,000,000 | -54% | reduced | |
| 27 | PRGS 1 04/15/26 | 1.5% | $25.0m | 25,000,000 | -21% | reduced | |
| 28 | UPWK UPWK 0 1/4 08/15/26 | 1.4% | $22.8m | 23,500,000 | -41% | reduced | |
| 29 | FIVN 1 03/15/29 | 1.2% | $20.8m | 23,500,000 | 27% | added | |
| 30 | HTZ HERTZ GLOBAL HOLDINGS INC | Industrials | 0.0% | $46.1k | 6,773 | – | 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.