SOURCE CAPITAL /DE/ — Regulatory Filings 2025

Aug 27, 2025

xml version="1.0" encoding="UTF-8"? NPORT-P false 0000091847 XXXXXXXX SOURCE CAPITAL /DE/ 811-01731 0000091847 9845005BC0508CFA5B64 235 West Galena Street Milwaukee 53212 626-385-5777 Source Capital 9845005BC0508CFA5B64 2025-12-31 2025-06-30 N 403915542.760000000000 25963258.860000000000 377952283.900000000000 3150010.120000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 1809415.090000000000 USD N SILVERVIEW CREDIT OP ONSHORE FUND LP / N/A SILVERVIEW CREDIT OP ONSHORE FUND LP / 966LHXII8 35000 OU Other Units USD 1616203.05 0.4276209243 Long PF US Y N/A N N N MSD REAL ESTATE CREDIT OPPS FD / N/A MSD REAL ESTATE CREDIT OPPS FD / 966RVUII5 30000 OU Other Units USD 3599489.84 0.9523662095 Long PF US Y N/A N N N EPIC GAMES, INC. PRIVATE COMMON STOCK / N/A EPIC GAMES, INC. PRIVATE COMMON STOCK / 966TDKII3 4347 NS USD 1156302 0.3059386196 Long EC CORP US Y 3 N N N NEBARI NAT RES CREDIT FD I LP / N/A NEBARI NAT RES CREDIT FD I LP / 966ZTA002 55000 OU Other Units USD 3183454.48 0.8422900497 Long PF US Y N/A N N N Eurofins Scientific SE 529900JEHFM47DYY3S57 Eurofins Scientific S.E. 999999999 47135 NS 3355918.72 0.8879212702 Long EC CORP LU N 1 N N N Fortune Brands Innovations Inc 54930032LHW54PQUJD44 Fortune Brands Innovations, Inc. 34964C106 36086 NS USD 1857707.28 0.4915189983 Long EC CORP US N 1 N N N Ferguson Enterprises Inc 2138003JYQMRP3SLX189 Ferguson Enterprises, Inc. G3421J106 22158 NS USD 4824904.50 1.2765909099 Long EC CORP US N 1 N N N FPS Holdco II LLC SOURCE / N/A FPS Holdco II LLC SOURCE / 999999999 8869514.56 OU Other Units USD 8869514.56 2.3467286580 Long PF US Y N/A N N N GREAT BRITAIN POUND / N/A GREAT BRITAIN POUND / 999999999 1.58 OU Currency 2.17 0.0000005741 Long STIV GB N 1 N N N Glencore PLC 2138002658CPO9NBH955 Glencore PLC 999999999 802359 NS 3123527.97 0.8264344742 Long EC CORP CH N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet, Inc. - Class C 02079K107 19721 NS USD 3498308.19 0.9255951979 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet, Inc. - Class A 02079K305 31853 NS USD 5613454.19 1.4852282759 Long EC CORP US N 1 N N N Gulfport Energy Corp 254900DJRGZBUZ3F5038 Gulfport Energy Corp. 402635502 2203 NS USD 443177.51 0.1172575293 Long EC CORP US N 1 N N N Heineken Holding NV 724500M1WJLFM9TYBS04 Heineken Holding N.V. 999999999 80538 NS 6000740.37 1.5876978724 Long EC CORP NL N 1 N N N Holcim AG 529900EHPFPYHV6IQO98 Holcim A.G. 999999999 53570 NS 3976399.50 1.0520903483 Long EC CORP CH N 1 N N N Howmet Aerospace Inc 549300HO5WFZUT5N2T22 Howmet Aerospace, Inc. 443201108 7586 NS USD 1411982.18 0.3735874183 Long EC CORP US N 1 N N N ICON PLC 6354008SRQGEMC4XFI67 ICON PLC G4705A100 8224 NS USD 1196180.80 0.3164898986 Long EC CORP IE N 1 N N N IFF BZLRL03D3GPGMOGFO832 International Flavors & Fragrances, Inc. 459506101 77685 NS USD 5713731.75 1.5117600801 Long EC CORP US N 1 N N N JDE Peet's NV 724500EHG519SE5ZRT89 JDE Peet's N.V. 999999999 167093 NS 4771273.79 1.2624011002 Long EC CORP NL N 1 N N N Jett Texas LLC SOURCE / N/A Jett Texas LLC SOURCE / 999999999 6000000 OU Other Units USD 6000000 1.5875019825 Long PF US Y N/A N N N JAPANESE YEN / N/A JAPANESE YEN / 999999999 3185766 OU Currency 22122.61 0.0058532812 Long STIV JP N 1 N N N JPY SPOT FORWARD CONTRACT / N/A JPY SPOT FORWARD CONTRACT / 999999999 919877 OU Currency 6387.81 0.0016901102 Long STIV JP N 1 N N N VCP RRL ABS I, Ltd N/A VCP RRL ABS I Ltd. 92243RAC8 539926.0180 PA USD 505376.15 0.1337142733 Long ABS-O CORP US Y 2 2031-10-20 Fixed 2.8480 N N N N N N VCP RRL ABS I, Ltd N/A VCP RRL ABS I Ltd. 92243RAE4 1137332.54 PA USD 1032261.21 0.2731194529 Long ABS-O CORP US Y 2 2031-10-20 Fixed 5.4250 N N N N N N VORNADO REALTY LP 549300BMOJ05INE4YK86 Vornado Realty LP 929043AK3 250000 PA USD 242812.50 0.0642442209 Long DBT CORP US N 2 2026-06-01 Fixed 2.15 N N N N N N PROP SERIES 2017 1A 5.30% 3/15/2042 / N/A PROP SERIES 2017 1A 5.30% 3/15/2042 / 930RAXII5 249637.9590 PA USD 225922.35 0.0597753631 Long ABS-CBDO CORP US Y 3 2042-03-15 Fixed 5.30 N N N N N N CLOVER PRIVATE CRED / N/A CLOVER PRIVATE CRED / 9353JY901 60000 OU Other Units USD 6078419.66 1.6082505435 Long PF US Y N/A N N N LEALAND FINANCE Co. B.V. SUPER SNR EXIT LC / N/A LEALAND FINANCE Co. B.V. SUPER SNR EXIT LC / 935IFTII4 4296752.8970 PA USD 3652239.96 0.9663230295 Long LON CORP US Y 3 2027-06-30 Fixed 0 N N N N N N LEALAND FINANCE Co. B.V. LETTER OF CREDIT / N/A LEALAND FINANCE Co. B.V. LETTER OF CREDIT / 935IQZII8 912667.41 PA USD 657120.54 0.1738633600 Long LON CORP US Y 3 2027-06-30 Variable 8.552180 N N N N N N HIG WHITEHORSE DIR LEN 2020 LP / N/A HIG WHITEHORSE DIR LEN 2020 LP / 936JLN906 55000 OU Other Units USD 5472856.01 1.4480282943 Long PF US Y N/A N N N LEALAND FINANCE Co. B.V. SENIOR EXIT LC / N/A LEALAND FINANCE Co. B.V. SENIOR EXIT LC / 589477088 -1363749.07 PA USD -681874.54 -0.1804128640 Short LON CORP US Y 3 2027-06-30 Fixed 0 N N N N N N POST ROAD SPEC OPP FUND II LP / N/A POST ROAD SPEC OPP FUND II LP / 942FPU906 18000 OU Other Units USD 1902115.60 0.5032687143 Long PF US Y N/A N N N BLUE TORCH CRED OPP FUND II LP / N/A BLUE TORCH CRED OPP FUND II LP / 942JAU904 55000 OU Other Units USD 4728211 1.2510073894 Long PF US Y N/A N N N MSD PRIVATE CREDIT OPP FD 2 LP / N/A MSD PRIVATE CREDIT OPP FD 2 LP / 942KWF009 80000 OU Other Units USD 9580478.19 2.5348380201 Long PF US Y N/A N N N METRO PARTNERS FUND VII, LP / N/A METRO PARTNERS FUND VII, LP / 942TKW907 80000 OU Other Units USD 8754294 2.3162431801 Long PF US Y N/A N N N PINEY LAKE OPPS FUND LP / N/A PINEY LAKE OPPS FUND LP / 942XPN903 30000 OU Other Units USD 3182681.79 0.8420856086 Long PF US Y N/A N N N WAYFAIR INC 54930027N9ZAVYFDHK53 Wayfair, Inc. 94419LAF8 122000 PA USD 115473 0.0305522694 Long DBT CORP US N 2 2026-08-15 Fixed 1 N N N N Y Wayfair Inc Wayfair Inc USD XXXX N N N WAYFAIR INC 54930027N9ZAVYFDHK53 Wayfair, Inc. 94419LAM3 3933000 PA USD 3838608 1.0156329684 Long DBT CORP US N 2 2025-10-01 Fixed 0.6250 N N N N N N HLEND SENIOR NOTES DUE 3/15/2028 / N/A HLEND SENIOR NOTES DUE 3/15/2028 / 952JRDII2 3500000 PA USD 3500000 0.9260428232 Long DBT CORP US Y 3 2028-03-15 Fixed 8.17 N N N N N N OAKTREE STRATEGIC CREDIT 2549006RRE0JC7G43241 Oaktree Strategic Credit Fund 67403AAB5 1615000 PA USD 1741758.12 0.4608407448 Long DBT CORP US N 2 2028-11-14 Fixed 8.40 N N N N N N Parliament CLO Ltd 5493009BTB3REE8RVW84 Parliament Clo II Ltd. 701631AD5 1854000 PA USD 1847891.07 0.4889217895 Long ABS-CBDO CORP KY Y 2 2032-08-20 Floating 8.2836 N N N N N N PERSHING SQUARE TONT SHS / N/A PERSHING SQUARE TONT SHS / 715ESC018 14610 NS USD 0 0.0000000000 Long EC CORP US Y 3 N N N Nintendo Co Ltd 353800FEEXU6I9M0ZF27 Nintendo Co., Ltd. 999999999 39744 NS 3830746.99 1.0135530735 Long EC CORP JP N 1 N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 Charles Schwab Corp. 808513AR6 75000 PA USD 73218.75 0.0193724851 Long EP CORP US N 2 2069-10-31 Variable 5 N N N N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 Charles Schwab Corp. 808513BK0 549000 PA USD 541697.37 0.1433242748 Long EP CORP US N 2 2069-06-01 Variable 4 N N N N N N TCP Whitney CLO LTD 549300YFKQJL35BDIM44 TCP Waterman Clo LLC 87240GAG6 1571000 PA USD 1539869.06 0.4074241976 Long ABS-CBDO CORP KY Y 2 2033-08-20 Floating 12.7436 N N N N N N Mcdermott International Ltd 54930004RAXI4B3L4752 Mcdermott International Ltd. G5924V148 84956.3360 NS USD 1019476.03 0.2697367031 Long EC CORP US Y 3 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc. - Class A 30303M102 10387 NS USD 7666540.83 2.0284414612 Long EC CORP US N 1 N N N MSILF Treasury Portfolio 549300D1XR6GP7EZ0T47 MSILF Treasury Portfolio - Class Institutional 61747C582 1579215.47 PA USD 1579215.47 0.4178346149 Long STIV RF US N 1 N N N MARIADB PLC N/A MariaDB PLC G5920M118 24015 NC USD 0 0.0000000000 N/A DE CORP US N 3 New York N/A Call Purchased MARIADB PLC ORD SHS MARIADB PLC ORD SHS 1 11.500000000000 USD 2027-12-16 XXXX -13715.90 N N N Vail Resorts Inc 529900PSZHRNU9HKH870 Vail Resorts, Inc. 91879Q109 18090 NS USD 2842481.70 0.7520742224 Long EC CORP US N 1 N N N NOV Inc 549300EHF3IW1AR6U008 NOV, Inc. 62955J103 131668 NS USD 1636633.24 0.4330264189 Long EC CORP US N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 NXP Semiconductors N.V. N6596X109 13587 NS USD 2968623.63 0.7854493163 Long EC CORP NL N 1 N N N OCREDIT BDC SENIOR NOTE DDTL / N/A OCREDIT BDC SENIOR NOTE DDTL / 999999999 552000 PA USD 552000 0.1460501824 Long LON CORP US Y 3 2029-03-07 Fixed 7.77 N N N N N N PG&E Corp 8YQ2GSDWYZXO2EDN3511 PG&E Corp. 69331C108 9047 NS USD 126115.18 0.0333680164 Long EC CORP US N 1 N N N PHI Group Inc/DE 5493002853B5XXHLIP12 PHI Group, Inc. 69360B104 84452 NS USD 2069074 0.5474431795 Long EC CORP US Y 3 N N N Prosus NV 635400Z5LQ5F9OLVT688 Prosus N.V. 999999999 86481 NS 4835967.81 1.2795180810 Long EC CORP NL N 1 N N N Safran SA 969500UIC89GT3UL7L24 Safran S.A. 999999999 18432 NS 5990562.85 1.5850050668 Long EC CORP FR N 1 N N N TE Connectivity PLC 894500ZRIX9K13RHXR17 TE Connectivity PLC H84989104 50190 NS USD 8465547.30 2.2398455204 Long EC CORP IE N 1 N N N TIOGA PARTNERS IV LP / N/A TIOGA PARTNERS IV LP / 999999999 14000000 OU Other Units USD 13866715.91 3.6689064998 Long PF US Y N/A N N N ABPCI Direct Lending Fund ABS N/A ABPCI Direct Lending Fund ABS II LLC 00090NAG5 2959461.4360 PA USD 2830997.13 0.7490355927 Long ABS-O CORP US Y 2 2032-03-01 Fixed 8.2365 N N N N N N ABPCI Direct Lending Fund ABS N/A ABPCI Direct Lending Fund ABS I Ltd. 00090TAA5 223932.9580 PA USD 219761.31 0.0581452526 Long ABS-O CORP US Y 2 2030-12-29 Fixed 3.1990 N N N N N N ABPCI Direct Lending Fund ABS N/A ABPCI Direct Lending Fund ABS I Ltd. 00090TAC1 2262362.6860 PA USD 2220782.72 0.5875828285 Long ABS-O CORP US Y 2 2030-12-29 Fixed 4.9350 N N N N N N LG Corp N/A LG Corp. 999999999 41039 NS 2420498.22 0.6404242872 Long EC CORP KR N 1 N N N AIR CANADA 2020-1C PTT N/A Air Canada 2020-1 Class C Pass-Through Trust 008911BD0 1500000 PA USD 1577055 0.4172629898 Long DBT CORP CA Y 2 2026-07-15 Fixed 10.50 N N N N N N ALTABA, Inc. ESCROW SHS ORD REG / N/A ALTABA, Inc. ESCROW SHS ORD REG / 021ESC017 142220 NS USD 163553 0.0432734520 Long EC CORP US Y 3 N N N Samsung C&T Corp 988400GFRE4IDFPE9E64 Samsung C&T Corp. 999999999 21370 NS 2555659.45 0.6761857406 Long EC CORP KR N 1 N N N BX Trust N/A BX Commercial Mortgage Trust 2021-VOLT 05609VAQ8 1270133.6720 PA USD 1264178.78 0.3344810533 Long ABS-MBS CORP US Y 2 2036-09-15 Floating 6.826240 N N N N N N Barings Middle Market CLO Ltd. 549300NSFWDKJE15UK02 Barings Middle Market CLO Ltd. 2021-I 06761EAA3 1040000 PA USD 1039864.80 0.2751312386 Long ABS-CBDO CORP KY Y 2 2033-07-20 Floating 13.181080 N N N N N N Diamond Infrastructure Funding N/A Diamond Infrastructure Funding LLC 25265LAE0 384000 PA USD 362583.17 0.0959335835 Long ABS-O CORP US Y 2 2049-04-15 Fixed 3.4750 N N N N N N Diamond Issuer LLC N/A Diamond Issuer LLC 25267TAS0 1000000 PA USD 923770 0.2444144511 Long ABS-O CORP US Y 2 2051-11-20 Fixed 3.7870 N N N N N N ECHOSTAR CORP 549300EE20907QZ9GT38 EchoStar Corp. 278768AB2 846895 PA USD 997218.86 0.2638478195 Long DBT CORP US N 2 2030-11-30 Fixed 3.8750 N N N N Y EchoStar Corp EchoStar Corp USD XXXX N N N Elm Trust N/A Elm 2020-4 Trust 28924AAC5 320207.7490 PA USD 316055.94 0.0836232386 Long ABS-O CORP US Y 2 2029-10-20 Fixed 3.8660 N N N N N N Elm Trust N/A Elm 2020-3 Trust 289338AB1 14736.9810 PA USD 14614.91 0.0038668664 Long ABS-O CORP US Y 2 2029-08-20 Fixed 2.9540 N N N N N N Elm Trust N/A Elm 2020-3 Trust 289338AC9 39605.7170 PA USD 39105.58 0.0103466976 Long ABS-O CORP US Y 2 2029-08-20 Fixed 4.4810 N N N N N N EVERGREEN ACQCO/TVI INC N/A Evergreen Acqco 1 LP / TVI, Inc. 30015DAA9 408000 PA USD 426768 0.1129158410 Long DBT CORP US Y 2 2028-04-26 Fixed 9.75 N N N N N N Fortress Credit Opportunities 2549008RD44HDM6DNP14 Fortress Credit Opportunities IX CLO Ltd. 34961MAE7 5186000 PA USD 5143682.24 1.3609342923 Long ABS-CBDO CORP KY Y 2 2033-10-15 Floating 12.577710 N N N N N N FRONTIER COMMUNICATIONS N/A Frontier Communications Holdings LLC 35906ABE7 453000 PA USD 452388.45 0.1196945935 Long DBT CORP US Y 2 2027-10-15 Fixed 5.8750 N N N N N N Nexon Co Ltd 5299005SFO0GAJFLKN43 Nexon Co., Ltd. 999999999 81007 NS 1636959.62 0.4331127737 Long EC CORP JP N 1 N N N Golub Capital Partners Funding N/A Golub Capital Partners ABS Funding 2020-1 Ltd. 38177UAC4 545371.3310 PA USD 543081.86 0.1436905882 Long ABS-O CORP KY Y 2 2029-01-22 Fixed 4.4960 N N N N N N Golub Capital Partners Funding N/A Golub Capital Partners ABS Funding 2021-1 Ltd. 38178HAC2 1111212.7290 PA USD 1100568.42 0.2911924248 Long ABS-O CORP KY Y 2 2029-04-20 Fixed 3.8160 N N N N N N Golub Capital Partners Funding N/A Golub Capital Partners ABS Funding 2021-2 Ltd. 38178XAC7 2710404.7210 PA USD 2615467.37 0.6920099392 Long ABS-O CORP US Y 2 2029-10-19 Fixed 3.9936 N N N N N N GULFPORT ENERGY Corp. CONV PFD Series A / N/A GULFPORT ENERGY Corp. CONV PFD Series A / 402635601 21 NS USD 26107.44 0.0069076021 Long EP CORP US N 3 N N N HPS CORPORATE LENDING FU 549300ZS7IHUA6FKFV61 HPS Corporate Lending Fund 40440VAF2 520000 PA USD 536961.36 0.1420712039 Long DBT CORP US N 2 2029-01-30 Fixed 6.75 N N N N N N HRT DNT / HRT DNT FIN N/A Heartland Dental LLC / Heartland Dental Finance Corp. 42239PAB5 1796000 PA USD 1895601.67 0.5015452349 Long DBT CORP US Y 2 2028-04-30 Fixed 10.50 N N N N N N Hotwire Funding LLC 254900ZCO90MCT7Y9348 Hotwire Funding LLC 44148JAC3 750000 PA USD 731402.55 0.1935171664 Long ABS-O CORP US Y 2 2051-11-20 Fixed 4.4590 N N N N N N Shiseido Co Ltd 5299008QCD0YDT5OF506 Shiseido Co., Ltd. 999999999 23300 NS 416392.14 0.1101705580 Long EC CORP JP N 1 N N N Madison Avenue Trust N/A Eleven Madison Trust 2015-11MD Mortgage Trust 556227AA4 344000 PA USD 340626.80 0.0901242867 Long ABS-MBS CORP US Y 2 2035-09-10 Variable 3.673290 N N N N N N MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP / N/A MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP / 58004K307 186.28 NS USD 2235.36 0.0005914397 Long EC CORP BM Y 3 N N N MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP / N/A MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP / 58004K406 12868.8320 NS USD 154425.98 0.0408585916 Long EC CORP BM Y 3 N N N MIDCAP FINANCIAL ISSR TR N/A Midcap Financial Issuer Trust 59567LAA2 3466000 PA USD 3422675 0.9055838914 Long DBT CORP US Y 2 2028-05-01 Fixed 6.50 N N N N N N Monroe Capital ABS Funding LTD N/A Monroe Capital ABS Funding 2021-1 Ltd. 610331AC4 521263.7560 PA USD 514540.50 0.1361390106 Long ABS-O CORP KY Y 2 2031-04-22 Fixed 3.9080 N N N N N N VISION SOLUTIONS INC N/A Vision Solutions, Inc. 70477BAE2 71944.43 PA USD 68167.35 0.0180359672 Long LON CORP US Y 2 2028-04-24 Floating 8.541260 N N N N N N WH BORROWER LLC 2549009H920CQUE3R944 WH Borrower LLC 92942LAG6 1210000 PA USD 1205970.70 0.3190801462 Long LON CORP US Y 2 2032-02-20 Floating 9.078870 N N N N N N DELIVERY HERO AG 529900C3EX1FZGE48X78 Delivery Hero S.E. 999999999 100000 PA 106777.59 0.0282516060 Long DBT CORP DE N 2 2028-01-15 Fixed 1.50 N N N N N N DELIVERY HERO AG 529900C3EX1FZGE48X78 Delivery Hero S.E. ZL0636734 1200000 PA 1346517.61 0.3562665626 Long DBT CORP DE N 2 2030-02-21 Fixed 3.25 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 Citigroup, Inc. 172967424 93914 NS USD 7993959.68 2.1150711401 Long EC CORP US N 1 N N N Castlelake Asset LP Based Private Credit / N/A Castlelake Asset LP Based Private Credit / 999999999 3900000 OU Other Units USD 3802275 1.0060198501 Long PF US Y N/A N N N CAPSTONE ACQ HLDGS BANK DEBT 11/12/2029 / N/A CAPSTONE ACQ HLDGS BANK DEBT 11/12/2029 / 999999999 2279540.07 PA USD 2292205.19 0.6064800473 Long LON CORP US Y 3 2029-11-12 Variable 8.926810 N N N N N N Cie Financiere Richemont SA 549300YIPGJ6UX2QPS51 Cie Financiere Richemont S.A. 999999999 14586 NS 2747167.86 0.7268557374 Long EC CORP CH N 1 N N N CHF SPOT FORWARD CONTRACT / N/A CHF SPOT FORWARD CONTRACT / 999999999 -530369.02 OU Currency -668391.96 -0.1768455936 Short STIV CH N 1 N N N Charter Communications Inc 0J0XRGZE3PBRFEZ7MV65 Charter Communications, Inc. - Class A 16119P108 5983 NS USD 2445910.23 0.6471478899 Long EC CORP US N 1 N N N Comcast Corp 51M0QTTNCGUN7KFCFZ59 Comcast Corp. - Class A 20030N101 215600 NS USD 7694764 2.0359088509 Long EC CORP US N 1 N N N Copper Property CTL Pass Throu N/A Copper Property CTL Pass-Through Trust 217519107 16058 NS USD 198958.62 0.0526412006 Long EC CORP US Y 1 N N N Delta Commercial FUNDING LP 12/31/27 / N/A Delta Commercial FUNDING LP 12/31/27 / 999999999 3100000 PA USD 3100000 0.8202093577 Long DBT CORP US Y 3 2027-12-31 None 0 N N N N N N Delivery Hero SE 529900C3EX1FZGE48X78 Delivery Hero S.E. 999999999 8390 NS 227021.20 0.0600661008 Long EC CORP DE N 1 N N N ELECTRIQ POWER HOLDINGS INC N/A Electriq Power Holdings, Inc. 285046116 31567 NC USD 0 0.0000000000 N/A DE CORP US N 3 OTC US N/A Call Purchased TLG ACQUISITION ONE COM CL A TLG ACQUISITION ONE COM CL A 1 11.500000000000 USD 2028-01-25 XXXX -2499.98 N N N EQS Legacy Holdings Term Loan 3/27/2032 / N/A EQS Legacy Holdings Term Loan 3/27/2032 / 999999999 8575000 PA USD 8575000 2.2688049167 Long LON CORP US Y 3 2032-03-27 None 0 N N N N N N JPY SPOT FORWARD CONTRACT / N/A JPY SPOT FORWARD CONTRACT / 999999999 -17118490 OU Currency -118874.28 -0.0314521925 Short STIV JP N 1 N N N Kinder Morgan Inc 549300WR7IX8XE0TBO16 Kinder Morgan, Inc. 49456B101 70369 NS USD 2068848.60 0.5473835423 Long EC CORP US N 1 N N N CarMax Inc N/A CarMax, Inc. 143130102 23348 NS USD 1569219.08 0.4151897334 Long EC CORP US N 1 N N N Marriott International Inc/MD 225YDZ14ZO8E1TXUSU86 Marriott International, Inc. - Class A 571903202 8054 NS USD 2200433.34 0.5821987150 Long EC CORP US N 1 N N N TREVIAN CAP DEBT FUND LP / N/A TREVIAN CAP DEBT FUND LP / 999999999 3000000 OU Other Units USD 2981456.03 0.7888445598 Long PF US Y N/A N N N Uber Technologies Inc 549300B2FTG34FILDR98 Uber Technologies, Inc. 90353T100 9488 NS USD 885230.40 0.2342175025 Long EC CORP US N 1 N N N Westinghouse Air Brake Technol 06BTX5UWZD0GQ5N5Y745 Westinghouse Air Brake Technologies Corp. 929740108 7391 NS USD 1547305.85 0.4093918507 Long EC CORP US N 1 N N N Wells Fargo & Co PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co. 949746101 36529 NS USD 2926703.48 0.7743579295 Long EC CORP US N 1 N N N Windstream Common / N/A Windstream Common / 999999999 10312 NS USD 175304 0.0463825746 Long EC CORP US N 3 N N N TIDEWATER INC 2549000JA5GRUPLMUH98 Tidewater, Inc. U8859YAA5 3000000 PA USD 3168750 0.8383994845 Long DBT CORP US Y 2 2028-07-03 Fixed 10.3750 N N N N N N SILVERVIEW SPECIAL SIT LD ONSHORE LP / N/A SILVERVIEW SPECIAL SIT LD ONSHORE LP / 967DPC901 48500 OU Other Units USD 4568193.75 1.2086694391 Long PF US Y N/A N N N TIDEWATER, Inc. Sr. SEC 11/16/26 8.5 / N/A TIDEWATER, Inc. Sr. SEC 11/16/26 8.5 / ACI22L8Z7 9600000 PA USD 9844800 2.6047732530 Long DBT CORP US N 2 2026-11-16 Fixed 8.50 N N N N N N Analog Devices Inc GYVOE5EZ4GDAVTU4CQ61 Analog Devices, Inc. 032654105 37312 NS USD 8881002.24 2.3497681105 Long EC CORP US N 1 N N N Amrize Ltd N/A Amrize Ltd. 999999999 69135 NS 3448472.97 0.9124096128 Long EC CORP US N 1 N N N Amazon.com Inc ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 12523 NS USD 2747420.97 0.7269227061 Long EC CORP US N 1 N N N Aon PLC 635400FALWQYX5E6QC64 Aon PLC - Class A G0403H108 13605 NS USD 4853719.80 1.2842149675 Long EC CORP GB N 1 N N N Apollo Debt Solution BDC Senior Notes / N/A APOLLO DEBT SOLUTION DELAYED DRAW TERM LO / 999999999 2333000 PA USD 2333000 0.6172736875 Long LON CORP US Y 3 2028-09-28 Fixed 8.62 N N N N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom, Inc. 11135F101 2245 NS USD 618834.25 0.1637334331 Long EC CORP US N 1 N N N Banner Commercial FUNDING LP 5/27/2028 / N/A Banner Commercial FUNDING LP 5/27/2028 / 999999999 4750000 PA USD 4666875 1.2347788858 Long DBT CORP US Y 3 2028-05-27 Variable 10.814290 N N N N N N BH3 DEBT OPPORTUNITY FUND II-PARALLEL LP / N/A BH3 DEBT OPPORTUNITY FUND II-PARALLEL LP / 999999999 2300000 OU Other Units USD 2321171 0.6141439274 Long PF US Y N/A N N N DELIVERY HERO AG 529900C3EX1FZGE48X78 Delivery Hero S.E. 999999999 500000 PA 557289.43 0.1474496792 Long DBT CORP DE N 2 2027-01-23 Fixed 1 N N N N N N JC PENNEY CORP INC 8TDNUQ07MEFMWW1VHP39 Copper Sub Corp., Inc. 46611NAJ2 462318.61 PA USD 46.23 0.0000122317 Long LON CORP US Y 3 2027-06-23 Floating 5.567780 Y N N N N N LEALAND FINANCE CO BV N/A Lealand Finance Co. B.V. N5200EAB7 1592182.77 PA USD 700560.42 0.1853568426 Long LON CORP NL Y 3 2027-12-31 Floating 8.441310 N N N N N N LEALAND FINANCE CO BV N/A Lealand Finance Co. B.V. N5200EAC5 141926.75 PA USD 78059.71 0.0206533241 Long LON CORP NL Y 2 2027-06-30 Floating 7.441310 N N N N N N CORNERSTONE ONDEMAND INC 549300Z402F16H5EGH48 Cornerstone OnDemand, Inc. 86803YAB9 71954.77 PA USD 67367.65 0.0178243797 Long LON CORP US Y 2 2028-10-16 Floating 8.307210 N N N N N N LEALAND REFICAR TERM LOAN / N/A LEALAND REFICAR TERM LOAN / 999999999 31128.27 PA USD 25525.18 0.0067535456 Long LON CORP US Y 3 2027-06-30 Variable 12.060780 N N N N N N Pernod Ricard SA 52990097YFPX9J0H5D87 Pernod Ricard S.A. 999999999 22509 NS 2243210.51 0.5935168553 Long EC CORP FR N 1 N N N ROSS ACQUISITION CORP II -A N/A Ross Acquisition Corp. II G7641C114 5878 NC USD 0 0.0000000000 N/A DE CORP US N 3 New York N/A Call Purchased ROSS ACQUISITION COR SHS CL A ROSS ACQUISITION COR SHS CL A 1 11.500000000000 USD 2026-02-12 XXXX -1272.84 N N N TREASURY BILL 254900HROIFWPRGM1V77 United States Treasury Bill 912797MG9 20100000 PA USD 20013581.97 5.2952668425 Long DBT UST US N 2 2025-08-07 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 United States Treasury Bill 912797MH7 19900000 PA USD 19747207.80 5.2247885887 Long DBT UST US N 2 2025-09-04 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 United States Treasury Bill 912797NX1 18000000 PA USD 17995842.50 4.7614059411 Long DBT UST US N 2 2025-07-03 Fixed 0 N N N N N N VT TOPCO INC 5493007T812R37X02Y38 VT Topco, Inc. 91838PAA9 421000 PA USD 447539.84 0.1184117305 Long DBT CORP US Y 2 2030-08-15 Fixed 8.50 N N N N N N Swire Pacific Ltd 549300KZOZHII0DGF611 Swire Pacific Ltd. - A Shares Y83310105 60408 NS 517508.03 0.1369241706 Long EC CORP HK N 1 N N N Coinstar Funding, LLC N/A Coinstar Funding LLC Series 2017-1 19260MAA4 2818880 PA USD 2611408.46 0.6909360179 Long ABS-O CORP US Y 2 2047-04-25 Fixed 5.2160 N N N N N N Cologix Data Centers Issuer LL N/A Cologix Data Centers U.S. Issuer LLC 19521UAE3 1765000 PA USD 1713554.13 0.4533784298 Long ABS-O CORP US Y 2 2051-12-26 Fixed 5.99 N N N N N N CONSOLIDATED COMMUNICATI 549300WW675Y48HDVX34 Consolidated Communications, Inc. 20903XAF0 1272000 PA USD 1296168 0.3429448783 Long DBT CORP US Y 2 2028-10-01 Fixed 6.50 N N N N N N 2025-07-02 SOURCE CAPITAL /DE/ /s/ Maureen Quill Maureen Quill President