Income Research & Management 13F Filings Tracker & Analysis

CIK: 0001165830

High-turnover traderMomentum followerQuality / disciplined sizing

Total reported value

$168.6M

Reporting period: 2026-03-31 · Number of holdings: 26

INCOME RESEARCH & MANAGEMENT disclosed 26 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $168.6M and a quarterly turnover rate of 100.0%.

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Personality snowflake

Concentration: 19.54
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 0
Diversification: 52
Sizing Uniformity: 94.7

Recent moves

Add UBER 0.875 12-01-28 2028
+93.2%　$10.3B
Add AKAM 0.375 09-01-27
0.0%　$11.7B
Add XYZ 0.25 11-01-27
+21.7%　$9.6B
Add BAC 0.6 05-25-27 MTN
0.0%　$11.7B
Add NEE 3 03-01-27
0.0%　$8.2B
Add CSWC 5.125 11-15-29
0.0%　$10.3B

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

INCOME RESEARCH & MANAGEMENT is aggressively rotating capital out of short-dated, high-coupon bonds into longer-dated, low-coupon convertibles, effectively extending duration and adding equity sensitivity. This is a conviction bet that the rate cycle is at a peak and that credit spreads will tighten, with a side wager on tech equity upside.

Macro & Fundamentals

This fund is pricing in a Fed pivot and a soft landing: lower rates making convertibles’ convexity pay off, and tighter credit spreads allowing duration extension to work. The opposing thesis is that inflation remains sticky, forcing rates to stay elevated, which would compress convertible valuations and punish duration extension.

Blind Spots / Risks

The fund’s 29% IT concentration and near-complete turnover signal a bet on tech and duration that has become consensus. The blind spot is that the convertible market is a crowded pool, and any liquidity event could force a disorderly unwind of these positions.

AI-assisted summary drawn from public regulatory disclosures, covering historical data only. Not a substitute for professional investment advice.

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BAC 0.6 05-25-27 MTN	Bofa Finance LLC	Stock-Financials	6.95%	+1.36%	—
2	AKAM 0.375 09-01-27	Akamai Technologies INC	Stock-Tech	6.92%	+1.62%	—
3	CSWC 5.125 11-15-29	Capital Southwest CORP	Stock-Other	6.12%	+0.87%	—
4	UBER 0.875 12-01-28 2028	Uber Technologies INC	Stock-Industrials	6.10%	+3.08%	+93.23%
5	EEFT 0.75 03-15-49	Euronet Worldwide INC	Stock-Tech	6.06%	+0.69%	—
6	ON 0.5 03-01-29	On Semiconductor CORP	Stock-Tech	5.96%	+0.85%	—
7	XYZ 0.25 11-01-27	Block INC	Stock-Financials	5.72%	+1.60%	+21.69%
8	AWK 3.625 06-15-26	American Water Capital C	Stock-Utilities	5.53%	+0.47%	-3.36%
9	NVST 1.75 08-15-28	Envista Holdings CORP	Stock-Healthcare	5.13%	+0.74%	—
10	NEE 3 03-01-27	Nextera Energy Capital	Stock-Utilities	4.87%	+1.01%	—
11	ETSY 0.25 06-15-28	Etsy INC	Stock-Consumer Disc	4.42%	+0.51%	—
12	GPN 1.5 03-01-31	Global Payments INC	Stock-Industrials	4.09%	+0.40%	—
13	MCHP 0.75 06-01-30	Microchip Technology INC	Stock-Tech	4.09%	+0.50%	—
14	MTH 1.75 05-15-28	Meritage Homes CORP	Stock-Consumer Disc	3.55%	+0.34%	—
15	EVRG 4.5 12-15-27	Evergy INC	Stock-Utilities	3.46%	+0.70%	—
16	DXCM 0.375 05-15-28	Dexcom INC	Stock-Healthcare	3.33%	+0.38%	—
17	TAXX	Bblx Irm Tax-aware S Dur ETF	ETF-Other	3.00%	+0.34%	—
18	TXXI	Bblx Irm Tax-aware I Dur ETF	ETF-Other	2.98%	+0.32%	—
19	TAXM	Bondbloxx Ir+m Tax-aware Mas	ETF-Other	2.96%	+0.32%	—
20	GLAD 5.875 10-01-30	Gladstone Capital CORP	Stock-Other	2.68%	+0.21%	—
21	PNW 4.75 06-15-27	Pinnacle West Capital	Stock-Utilities	2.06%	+0.36%	—
22	HAE 2.5 06-01-29	Haemonetics CORP	Stock-Other	1.85%	+0.07%	—
23	AGGS	Harbor Disciplined Bond ETF	ETF-Other	1.21%	+0.13%	—
24	WFC 7.5 PERP L	Wells Fargo & Company	Stock-Financials	0.55%	+0.04%	—
25	BAC 7.25 PERP L	Bank Of America CORP	Stock-Financials	0.25%	+0.02%	—
26	ETSY 0.125 09-01-27	Etsy INC	Stock-Consumer Disc	0.17%	+0.06%	+35.56%

Portfolio Performance

Performance for Q3 2026

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Performance Last 4 Quarters

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Based on 0 months of available history

Based on 7% of reported portfolio value with available pricing

Stdev: —
Beta: —
Alpha: —
Max Drawdown: —
Annualized Perf: —
Batting Avg vs S&P: —
Sortino: —
Stutzer: —
Treynor: —
Sterling: —
Calmar: —
Information Ratio: —
Tracking Error: —
Stdev Down: —
Winning Months %: —
Losing Months %: —
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: —
Sharpe: —
Stdev Sectors: +6.5%
Skewness: —
Kurtosis: —
Upside Potential: —

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	26	$168.6M	100	1BAC 0.6 05-25-27 MTN 2AKAM 0.375 09-01-27 3CSWC 5.125 11-15-29 Top holdings2026-03-31 1.BAC 0.6 05-25-27 MTN 2.AKAM 0.375 09-01-27 3.CSWC 5.125 11-15-29 4.UBER 0.875 12-01-28 2028 5.EEFT 0.75 03-15-49 6.ON 0.5 03-01-29 7.XYZ 0.25 11-01-27 8.AWK 3.625 06-15-26 9.NVST 1.75 08-15-28 10.NEE 3 03-01-27
2025-12-31	32	$190.4M	16	1BAC 0.6 05-25-27 MTN 2EEFT 0.75 03-15-49 3AKAM 0.375 09-01-27 Top holdings2025-12-31 1.BAC 0.6 05-25-27 MTN 2.EEFT 0.75 03-15-49 3.AKAM 0.375 09-01-27 4.CSWC 5.125 11-15-29 5.ON 0.5 03-01-29 6.AWK 3.625 06-15-26 7.DUK 4.125 04-15-26 8.EXPE 0 02-15-26 9.NVST 1.75 08-15-28 10.XYZ 0.25 11-01-27
2025-09-30	35	$204.5M	39	1EEFT 0.75 03-15-49 2CMS 3.375 05-01-28 3PPL 2.875 03-15-28 Top holdings2025-09-30 1.EEFT 0.75 03-15-49 2.CMS 3.375 05-01-28 3.PPL 2.875 03-15-28 4.CSWC 5.125 11-15-29 5.EXPE 0 02-15-26 6.AKAM 0.375 09-01-27 7.BAC 0.6 05-25-27 MTN 8.AWK 3.625 06-15-26 9.DUK 4.125 04-15-26 10.ON 0.5 03-01-29
2025-06-30	40	$374.2M	0	1BLV 2VGLT 3EDV Top holdings2025-06-30 1.BLV 2.VGLT 3.EDV 4.EXPE 0 02-15-26 5.PPL 2.875 03-15-28 6.NMFC 7.5 10-15-25 7.VTR 3.75 06-01-26 8.CMS 3.375 05-01-28 9.DUK 4.125 04-15-26 10.CNP 4.25 08-15-26
2025-03-31	27	$234.8M	100	1EXPE 0 02-15-26 2PPL 2.875 03-15-28 3LNT 3.875 03-15-26 Top holdings2025-03-31 1.EXPE 0 02-15-26 2.PPL 2.875 03-15-28 3.LNT 3.875 03-15-26 4.VTR 3.75 06-01-26 5.CMS 3.375 05-01-28 6.NMFC 7.5 10-15-25 7.EEFT 0.75 03-15-49 8.LUV 1.25 05-01-25 9.DUK 4.125 04-15-26 10.CNP 4.25 08-15-26
2024-12-31	25	$209.6M	0	1EXPE 0 02-15-26 2LNT 3.875 03-15-26 3PPL 2.875 03-15-28 Top holdings2024-12-31 1.EXPE 0 02-15-26 2.LNT 3.875 03-15-26 3.PPL 2.875 03-15-28 4.LUV 1.25 05-01-25 5.NMFC 7.5 10-15-25 6.EEFT 0.75 03-15-49 7.CMS 3.375 05-01-28 8.VTR 3.75 06-01-26 9.DUK 4.125 04-15-26 10.CNP 4.25 08-15-26
2024-09-30	22	$207.7M	0	1VTR 3.75 06-01-26 2EXPE 0 02-15-26 3LNT 3.875 03-15-26 Top holdings2024-09-30 1.VTR 3.75 06-01-26 2.EXPE 0 02-15-26 3.LNT 3.875 03-15-26 4.BKNG 0.75 05-01-25 5.PPL 2.875 03-15-28 6.DUK 4.125 04-15-26 7.NMFC 7.5 10-15-25 8.LUV 1.25 05-01-25 9.CMS 3.375 05-01-28 10.EEFT 0.75 03-15-49
2024-06-30	18	$173.4M	0	1EXPE 0 02-15-26 2LNT 3.875 03-15-26 3NMFC 7.5 10-15-25 Top holdings2024-06-30 1.EXPE 0 02-15-26 2.LNT 3.875 03-15-26 3.NMFC 7.5 10-15-25 4.LUV 1.25 05-01-25 5.BKNG 0.75 05-01-25 6.DUK 4.125 04-15-26 7.VTR 3.75 06-01-26 8.EEFT 0.75 03-15-49 9.SO 3.875 12-15-25 10.PPL 2.875 03-15-28
2024-03-31	16	$148.2M	0	1LNT 3.875 03-15-26 2EEFT 0.75 03-15-49 3NMFC 7.5 10-15-25 Top holdings2024-03-31 1.LNT 3.875 03-15-26 2.EEFT 0.75 03-15-49 3.NMFC 7.5 10-15-25 4.SO 3.875 12-15-25 5.EXPE 0 02-15-26 6.LUV 1.25 05-01-25 7.AKAM 0.125 05-01-25 8.PPL 2.875 03-15-28 9.BKNG 0.75 05-01-25 10.F 0 03-15-26
2023-12-31	12	$144.3M	0	1BKNG 0.75 05-01-25 2LUV 1.25 05-01-25 3EXPE 0 02-15-26 Top holdings2023-12-31 1.BKNG 0.75 05-01-25 2.LUV 1.25 05-01-25 3.EXPE 0 02-15-26 4.NMFC 7.5 10-15-25 5.EEFT 0.75 03-15-49 6.AKAM 0.125 05-01-25 7.WDC 1.5 02-01-24 8.ARCC 4.625 03-01-24 9.F 0 03-15-26 10.ETSY 0.25 06-15-28
2023-09-30	10	$127.8M	0	1ARCC 4.625 03-01-24 2EEFT 0.75 03-15-49 3EXPE 0 02-15-26 Top holdings2023-09-30 1.ARCC 4.625 03-01-24 2.EEFT 0.75 03-15-49 3.EXPE 0 02-15-26 4.BKNG 0.75 05-01-25 5.LUV 1.25 05-01-25 6.WDC 1.5 02-01-24 7.AKAM 0.125 05-01-25 8.ETSY 0.25 06-15-28 9.PMT 5.5 11-01-24 10.BXMT 5.5 03-15-27
2023-06-30	16	$160.9M	0	1ARCC 4.625 03-01-24 2EEFT 0.75 03-15-49 3WDC 1.5 02-01-24 Top holdings2023-06-30 1.ARCC 4.625 03-01-24 2.EEFT 0.75 03-15-49 3.WDC 1.5 02-01-24 4.LUV 1.25 05-01-25 5.BKNG 0.75 05-01-25 6.ILMN 0 08-15-23 7.EXPE 0 02-15-26 8.AKAM 0.125 05-01-25 9.ETSY 0.25 06-15-28 10.PMT 5.5 11-01-24
2023-03-31	17	$193.6M	0	1BKNG 0.75 05-01-25 2WDC 1.5 02-01-24 3ARCC 4.625 03-01-24 Top holdings2023-03-31 1.BKNG 0.75 05-01-25 2.WDC 1.5 02-01-24 3.ARCC 4.625 03-01-24 4.EEFT 0.75 03-15-49 5.LUV 1.25 05-01-25 6.EXPE 0 02-15-26 7.ILMN 0 08-15-23 8.HOPE 2 05-15-38 9.AKAM 0.125 05-01-25 10.ETSY 0.25 06-15-28
2022-12-31	21	$211.9M	0	1WDC 1.5 02-01-24 2ARCC 4.625 03-01-24 3BKNG 0.75 05-01-25 Top holdings2022-12-31 1.WDC 1.5 02-01-24 2.ARCC 4.625 03-01-24 3.BKNG 0.75 05-01-25 4.LUV 1.25 05-01-25 5.EEFT 0.75 03-15-49 6.ILMN 0 08-15-23 7.EXPE 0 02-15-26 8.HOPE 2 05-15-38 9.AKAM 0.125 05-01-25 10.PXD 0.25 05-15-25
2022-09-30	22	$213.0M	0	1WDC 1.5 02-01-24 2ARCC 4.625 03-01-24 3LUV 1.25 05-01-25 Top holdings2022-09-30 1.WDC 1.5 02-01-24 2.ARCC 4.625 03-01-24 3.LUV 1.25 05-01-25 4.BKNG 0.75 05-01-25 5.EEFT 0.75 03-15-49 6.ILMN 0 08-15-23 7.EXPE 0 02-15-26 8.HOPE 2 05-15-38 9.AKAM 0.125 05-01-25 10.PXD 0.25 05-15-25
2022-06-30	24	$233.1M	0	1WDC 1.5 02-01-24 2ARCC 4.625 03-01-24 3EEFT 0.75 03-15-49 Top holdings2022-06-30 1.WDC 1.5 02-01-24 2.ARCC 4.625 03-01-24 3.EEFT 0.75 03-15-49 4.PXD 0.25 05-15-25 5.LUV 1.25 05-01-25 6.BKNG 0.75 05-01-25 7.EXPE 0 02-15-26 8.ILMN 0 08-15-23 9.HOPE 2 05-15-38 10.AKAM 0.125 05-01-25
2022-03-31	22	$252.7M	0	1TSLX 4.5 08-01-22 2PXD 0.25 05-15-25 3EXPE 0 02-15-26 Top holdings2022-03-31 1.TSLX 4.5 08-01-22 2.PXD 0.25 05-15-25 3.EXPE 0 02-15-26 4.ARCC 4.625 03-01-24 5.EEFT 0.75 03-15-49 6.LUV 1.25 05-01-25 7.BKNG 0.75 05-01-25 8.WDC 1.5 02-01-24 9.ILMN 0 08-15-23 10.AKAM 0.125 05-01-25
2021-12-31	18	$251.2M	0	1TSLX 4.5 08-01-22 2PXD 0.25 05-15-25 3ARCC 4.625 03-01-24 Top holdings2021-12-31 1.TSLX 4.5 08-01-22 2.PXD 0.25 05-15-25 3.ARCC 4.625 03-01-24 4.FTV 0.875 02-15-22 5.WDC 1.5 02-01-24 6.BKNG 0.75 05-01-25 7.EEFT 0.75 03-15-49 8.LUV 1.25 05-01-25 9.ILMN 0 08-15-23 10.HTGC 4.375 02-01-22
2021-09-30	15	$240.5M	0	1TSLX 4.5 08-01-22 2PXD 0.25 05-15-25 3FTV 0.875 02-15-22 Top holdings2021-09-30 1.TSLX 4.5 08-01-22 2.PXD 0.25 05-15-25 3.FTV 0.875 02-15-22 4.WDC 1.5 02-01-24 5.BKNG 0.75 05-01-25 6.EEFT 0.75 03-15-49 7.ARCC 4.625 03-01-24 8.ILMN 0 08-15-23 9.LUV 1.25 05-01-25 10.HTGC 4.375 02-01-22
2021-06-30	16	$271.1M	96	1PSEC 4.95 07-15-22 2WDC 1.5 02-01-24 3ARCC 3.75 02-01-22 Top holdings2021-06-30 1.PSEC 4.95 07-15-22 2.WDC 1.5 02-01-24 3.ARCC 3.75 02-01-22 4.TSLX 4.5 08-01-22 5.ILMN 0 08-15-23 6.EEFT 0.75 03-15-49 7.PXD 0.25 05-15-25 8.FTV 0.875 02-15-22 9.BKNG 0.75 05-01-25 10.LUV 1.25 05-01-25
2021-03-31	15	$247.7M	21	1WDC 1.5 02-01-24 2PSEC 4.95 07-15-22 3ARCC 3.75 02-01-22 Top holdings2021-03-31 1.WDC 1.5 02-01-24 2.PSEC 4.95 07-15-22 3.ARCC 3.75 02-01-22 4.LUV 1.25 05-01-25 5.FTV 0.875 02-15-22 6.TSLX 4.5 08-01-22 7.ILMN 0 08-15-23 8.EEFT 0.75 03-15-49 9.BKNG 0.9 09-15-21 10.HTGC 4.375 02-01-22
2020-12-31	17	$272.6M	14	1WDC 1.5 02-01-24 2LUV 1.25 05-01-25 3PSEC 4.95 07-15-22 Top holdings2020-12-31 1.WDC 1.5 02-01-24 2.LUV 1.25 05-01-25 3.PSEC 4.95 07-15-22 4.FTV 0.875 02-15-22 5.ARCC 3.75 02-01-22 6.TSLX 4.5 08-01-22 7.BKNG 0.9 09-15-21 8.EEFT 0.75 03-15-49 9.TEVA 0.25 02-01-26 C 10.HTGC 4.375 02-01-22
2020-09-30	21	$281.1M	16	1WDC 1.5 02-01-24 2PSEC 4.95 07-15-22 3FTV 0.875 02-15-22 Top holdings2020-09-30 1.WDC 1.5 02-01-24 2.PSEC 4.95 07-15-22 3.FTV 0.875 02-15-22 4.LUV 1.25 05-01-25 5.ARCC 3.75 02-01-22 6.BKNG 0.9 09-15-21 7.TSLX 4.5 08-01-22 8.EEFT 0.75 03-15-49 9.VER 3.75 12-15-20 10.TEVA 0.25 02-01-26 C
2020-06-30	22	$280.9M	60	1FTV 0.875 02-15-22 2WDC 1.5 02-01-24 3ARCC 3.75 02-01-22 Top holdings2020-06-30 1.FTV 0.875 02-15-22 2.WDC 1.5 02-01-24 3.ARCC 3.75 02-01-22 4.BKNG 0.9 09-15-21 5.PSEC 4.95 07-15-22 6.SRC 3.75 05-15-21 7.TSLX 4.5 08-01-22 8.EEFT 0.75 03-15-49 9.VER 3.75 12-15-20 10.TEVA 0.25 02-01-26 C
2020-03-31	17	$200.0M	37	1BKNG 0.9 09-15-21 2ARCC 3.75 02-01-22 3SRC 3.75 05-15-21 Top holdings2020-03-31 1.BKNG 0.9 09-15-21 2.ARCC 3.75 02-01-22 3.SRC 3.75 05-15-21 4.ELV 2.75 10-15-42 5.TSLX 4.5 08-01-22 6.VER 3.75 12-15-20 7.TEVA 0.25 02-01-26 C 8.ALZCOR 0 07-28-20 9.ILMN 0.5 06-15-21 10.HTGC 4.375 02-01-22
2019-12-31	21	$249.2M	45	1WDC 1.5 02-01-24 2PSEC 4.95 07-15-22 3BKNG 0.9 09-15-21 Top holdings2019-12-31 1.WDC 1.5 02-01-24 2.PSEC 4.95 07-15-22 3.BKNG 0.9 09-15-21 4.ARCC 3.75 02-01-22 5.SRC 3.75 05-15-21 6.TSLX 4.5 08-01-22 7.VER 3.75 12-15-20 8.TEVA 0.25 02-01-26 C 9.ILMN 0.5 06-15-21 10.HTGC 4.375 02-01-22
2019-09-30	16	$206.0M	21	1BKNG 0.9 09-15-21 2ARCC 3.75 02-01-22 3SRC 3.75 05-15-21 Top holdings2019-09-30 1.BKNG 0.9 09-15-21 2.ARCC 3.75 02-01-22 3.SRC 3.75 05-15-21 4.ELV 2.75 10-15-42 5.TSLX 4.5 08-01-22 6.VER 3.75 12-15-20 7.TEVA 0.25 02-01-26 C 8.LRCX 2.625 05-15-41 9.ALZCOR 0 07-28-20 10.ILMN 0.5 06-15-21
2019-06-30	21	$251.1M	27	1BKNG 0.9 09-15-21 2ARCC 3.75 02-01-22 3SRC 3.75 05-15-21 Top holdings2019-06-30 1.BKNG 0.9 09-15-21 2.ARCC 3.75 02-01-22 3.SRC 3.75 05-15-21 4.ELV 2.75 10-15-42 5.TSLX 4.5 08-01-22 6.VER 3.75 12-15-20 7.RHT 0.25 10-01-19 8.LRCX 2.625 05-15-41 9.TEVA 0.25 02-01-26 C 10.ALZCOR 0 07-28-20
2019-03-31	25	$270.0M	29	1ARCC 3.75 02-01-22 2BKNG 0.9 09-15-21 3RHT 0.25 10-01-19 Top holdings2019-03-31 1.ARCC 3.75 02-01-22 2.BKNG 0.9 09-15-21 3.RHT 0.25 10-01-19 4.ELV 2.75 10-15-42 5.TSLX 4.5 08-01-22 6.VER 3.75 12-15-20 7.TEVA 0.25 02-01-26 C 8.ALZCOR 0 07-28-20 9.LRCX 2.625 05-15-41 10.HTGC 4.375 02-01-22
2018-12-31	27	$301.1M	12	1ELV 2.75 10-15-42 2BKNG 0.9 09-15-21 3INTC 3.25 08-01-39 Top holdings2018-12-31 1.ELV 2.75 10-15-42 2.BKNG 0.9 09-15-21 3.INTC 3.25 08-01-39 4.VER 3.75 12-15-20 5.RHT 0.25 10-01-19 6.CTXS 0.5 04-15-19 7.ARCC 3.75 02-01-22 8.TSLX 4.5 08-01-22 9.MIC 2.875 07-15-19 10.TEVA 0.25 02-01-26 C
2018-09-30	27	$315.8M	100	1BKNG 0.9 09-15-21 2ELV 2.75 10-15-42 3INTC 3.25 08-01-39 Top holdings2018-09-30 1.BKNG 0.9 09-15-21 2.ELV 2.75 10-15-42 3.INTC 3.25 08-01-39 4.VER 3.75 12-15-20 5.CTXS 0.5 04-15-19 6.RHT 0.25 10-01-19 7.ARCC 3.75 02-01-22 8.TSLX 4.5 08-01-22 9.MIC 2.875 07-15-19 10.TEVA 0.25 02-01-26 C
2018-06-30	28	$324.3K	15	1ILMN 0 06-15-19 2ELV 2.75 10-15-42 3INTC 3.25 08-01-39 Top holdings2018-06-30 1.ILMN 0 06-15-19 2.ELV 2.75 10-15-42 3.INTC 3.25 08-01-39 4.BKNG 0.9 09-15-21 5.RHT 0.25 10-01-19 6.CTXS 0.5 04-15-19 7.ARCC 3.75 02-01-22 8.TSLX 4.5 08-01-22 9.MIC 2.875 07-15-19 10.TEVA 0.25 02-01-26 C
2018-03-31	29	$349.0K	32	1ELV 2.75 10-15-42 2BKNG 0.9 09-15-21 3INTC 3.25 08-01-39 Top holdings2018-03-31 1.ELV 2.75 10-15-42 2.BKNG 0.9 09-15-21 3.INTC 3.25 08-01-39 4.ILMN 0 06-15-19 5.RHT 0.25 10-01-19 6.ARCC 3.75 02-01-22 7.CTXS 0.5 04-15-19 8.LRCX 2.625 05-15-41 9.MIC 2.875 07-15-19 10.TEVA 0.25 02-01-26 C
2017-12-31	30	$383.5K	27	1ELV 2.75 10-15-42 2BKNG 0.9 09-15-21 3ILMN 0 06-15-19 Top holdings2017-12-31 1.ELV 2.75 10-15-42 2.BKNG 0.9 09-15-21 3.ILMN 0 06-15-19 4.INTC 3.25 08-01-39 5.RHT 0.25 10-01-19 6.TEVA 0.25 02-01-26 C 7.JEF 8.ARCC 4.75 01-15-18 9.MIC 2.875 07-15-19 10.CTXS 0.5 04-15-19
2017-09-30	31	$358.1K	14	1INTC 2.95 12-15-35 2ELV 2.75 10-15-42 3BKNG 0.9 09-15-21 Top holdings2017-09-30 1.INTC 2.95 12-15-35 2.ELV 2.75 10-15-42 3.BKNG 0.9 09-15-21 4.ILMN 0 06-15-19 5.RHT 0.25 10-01-19 6.JEF 7.ARCC 4.75 01-15-18 8.LRCX 1.25 05-15-18 9.MIC 2.875 07-15-19 10.ORI 3.75 03-15-18
2017-06-30	34	$370.0K	15	1INTC 2.95 12-15-35 2ELV 2.75 10-15-42 3BKNG 0.9 09-15-21 Top holdings2017-06-30 1.INTC 2.95 12-15-35 2.ELV 2.75 10-15-42 3.BKNG 0.9 09-15-21 4.ILMN 0 06-15-19 5.ARCC 4.75 01-15-18 6.JEF 7.LRCX 1.25 05-15-18 8.RHT 0.25 10-01-19 9.MIC 2.875 07-15-19 10.ALZCOR 0 07-28-20
2017-03-31	33	$384.8K	16	1INTC 2.95 12-15-35 2BKNG 0.9 09-15-21 3ELV 2.75 10-15-42 Top holdings2017-03-31 1.INTC 2.95 12-15-35 2.BKNG 0.9 09-15-21 3.ELV 2.75 10-15-42 4.ARCC 4.75 01-15-18 5.ILMN 0 06-15-19 6.RHT 0.25 10-01-19 7.LRCX 1.25 05-15-18 8.JEF 9.AMD 2.625 06-15-17 10.ORI 3.75 03-15-18
2016-12-31	33	$447.5K	100	1INTC 2.95 12-15-35 2BKNG 0.9 09-15-21 3ELV 2.75 10-15-42 Top holdings2016-12-31 1.INTC 2.95 12-15-35 2.BKNG 0.9 09-15-21 3.ELV 2.75 10-15-42 4.AMD 2.625 06-15-17 5.JEF 6.ARCC 4.75 01-15-18 7.ILMN 0 06-15-19 8.RHT 0.25 10-01-19 9.NEM 1.625 07-15-17 B 10.LRCX 1.25 05-15-18
2016-09-30	34	$613.7M	100	1INTC 2.95 12-15-35 2BKNG 0.9 09-15-21 3ILMN 0 06-15-19 Top holdings2016-09-30 1.INTC 2.95 12-15-35 2.BKNG 0.9 09-15-21 3.ILMN 0 06-15-19 4.RHT 0.25 10-01-19 5.ELV 2.75 10-15-42 6.NEM 1.625 07-15-17 B 7.JEF 8.ARCC 4.75 01-15-18 9.AMD 2.625 06-15-17 10.ORI 3.75 03-15-18
2016-06-30	33	$562.2K	27	1INTC 2.95 12-15-35 2BKNG 0.9 09-15-21 3ELV 2.75 10-15-42 Top holdings2016-06-30 1.INTC 2.95 12-15-35 2.BKNG 0.9 09-15-21 3.ELV 2.75 10-15-42 4.RHT 0.25 10-01-19 5.ILMN 0 06-15-19 6.NEM 1.625 07-15-17 B 7.JEF 8.ORI 3.75 03-15-18 9.MIC 2.875 07-15-19 10.AMD 2.625 06-15-17
2016-03-31	33	$581.9K	12	1INTC 2.95 12-15-35 2BKNG 0.9 09-15-21 3ILMN 0 06-15-19 Top holdings2016-03-31 1.INTC 2.95 12-15-35 2.BKNG 0.9 09-15-21 3.ILMN 0 06-15-19 4.ELV 2.75 10-15-42 5.RHT 0.25 10-01-19 6.NEM 1.625 07-15-17 B 7.ORI 3.75 03-15-18 8.GILD 1.625 05-01-16 D 9.AMD 2.625 06-15-17 10.ARCC 5.125 06-01-16
2015-12-31	35	$616.1K	28	1INTC 2.95 12-15-35 2BKNG 0.9 09-15-21 3ILMN 0 06-15-19 Top holdings2015-12-31 1.INTC 2.95 12-15-35 2.BKNG 0.9 09-15-21 3.ILMN 0 06-15-19 4.ELV 2.75 10-15-42 5.RHT 0.25 10-01-19 6.LRCX 0.5 05-15-16 7.GILD 1.625 05-01-16 D 8.ORI 3.75 03-15-18 9.NEM 1.625 07-15-17 B 10.ARCC 5.125 06-01-16
2015-09-30	34	$616.2K	8	1INTC 2.95 12-15-35 2ELV 2.75 10-15-42 3ILMN 0 06-15-19 Top holdings2015-09-30 1.INTC 2.95 12-15-35 2.ELV 2.75 10-15-42 3.ILMN 0 06-15-19 4.GILD 1.625 05-01-16 D 5.NEM 1.625 07-15-17 B 6.ARCC 5.125 06-01-16 7.LRCX 0.5 05-15-16 8.ORI 3.75 03-15-18 9.AMD 2.625 06-15-17 10.JEF
2015-06-30	35	$657.9K	19	1ELV 2.75 10-15-42 2INTC 2.95 12-15-35 3GILD 1.625 05-01-16 D Top holdings2015-06-30 1.ELV 2.75 10-15-42 2.INTC 2.95 12-15-35 3.GILD 1.625 05-01-16 D 4.ILMN 0 06-15-19 5.LRCX 0.5 05-15-16 6.NEM 1.625 07-15-17 B 7.ARCC 5.125 06-01-16 8.AMD 2.625 06-15-17 9.ORI 3.75 03-15-18 10.JEF
2015-03-31	32	$585.8K	26	1INTC 2.95 12-15-35 2ELV 2.75 10-15-42 3GILD 1.625 05-01-16 D Top holdings2015-03-31 1.INTC 2.95 12-15-35 2.ELV 2.75 10-15-42 3.GILD 1.625 05-01-16 D 4.NEM 1.625 07-15-17 B 5.LRCX 0.5 05-15-16 6.ARCC 5.125 06-01-16 7.ORI 3.75 03-15-18 8.AMD 2.625 06-15-17 9.JEF 10.WFC 7.5 PERP L
2014-12-31	33	$587.4K	25	1INTC 2.95 12-15-35 2GILD 1.625 05-01-16 D 3BKNG 1 03-15-18 Top holdings2014-12-31 1.INTC 2.95 12-15-35 2.GILD 1.625 05-01-16 D 3.BKNG 1 03-15-18 4.LRCX 0.5 05-15-16 5.NEM 1.625 07-15-17 B 6.ARCC 5.125 06-01-16 7.AMD 2.625 06-15-17 8.JEF 9.ORI 3.75 03-15-18 10.WFC 7.5 PERP L
2014-09-30	33	$643.1K	18	1GILD 1.625 05-01-16 D 2INTC 2.95 12-15-35 3ELV 2.75 10-15-42 Top holdings2014-09-30 1.GILD 1.625 05-01-16 D 2.INTC 2.95 12-15-35 3.ELV 2.75 10-15-42 4.BKNG 1 03-15-18 5.LRCX 0.5 05-15-16 6.F 4.25 11-15-16 7.AMD 2.625 06-15-17 8.JEF 9.NEM 1.625 07-15-17 B 10.ARCC 5.125 06-01-16
2014-06-30	35	$707.8K	16	1INTC 2.95 12-15-35 2GILD 1.625 05-01-16 D 3ELV 2.75 10-15-42 Top holdings2014-06-30 1.INTC 2.95 12-15-35 2.GILD 1.625 05-01-16 D 3.ELV 2.75 10-15-42 4.BKNG 1 03-15-18 5.F 4.25 11-15-16 6.AMD 2.625 06-15-17 7.LRCX 0.5 05-15-16 8.JEF 9.NEM 1.625 07-15-17 B 10.ALZCOR 0 07-28-20
2014-03-31	35	$704.1K	27	1INTC 2.95 12-15-35 2GILD 1.625 05-01-16 D 3ELV 2.75 10-15-42 Top holdings2014-03-31 1.INTC 2.95 12-15-35 2.GILD 1.625 05-01-16 D 3.ELV 2.75 10-15-42 4.AMD 2.625 06-15-17 5.BKNG 1 03-15-18 6.LRCX 0.5 05-15-16 7.F 4.25 11-15-16 8.JEF 9.NEM 1.625 07-15-17 B 10.D 2.125 12-15-23 C
2013-12-31	36	$619.1K	20	1GILD 1.625 05-01-16 D 2INTC 2.95 12-15-35 3BKNG 1 03-15-18 Top holdings2013-12-31 1.GILD 1.625 05-01-16 D 2.INTC 2.95 12-15-35 3.BKNG 1 03-15-18 4.ELV 2.75 10-15-42 5.ADM 0.875 02-15-14 6.AMD 2.625 06-15-17 7.JEF 8.LRCX 0.5 05-15-16 9.ARCC 5.125 06-01-16 10.F 4.25 11-15-16
2013-09-30	34	$592.7K	100	1INTC 2.95 12-15-35 2GILD 1.625 05-01-16 D 3BKNG 1 03-15-18 Top holdings2013-09-30 1.INTC 2.95 12-15-35 2.GILD 1.625 05-01-16 D 3.BKNG 1 03-15-18 4.DELL 1.75 12-01-13 B 5.ADM 0.875 02-15-14 6.AMD 2.625 06-15-17 7.JEF 8.NEM 1.625 07-15-17 B 9.LRCX 0.5 05-15-16 10.D 2.125 12-15-23 C
2013-06-30	36	$538.0M	0	1INTC 2.95 12-15-35 2DELL 1.75 12-01-13 B 3GILD 1.625 05-01-16 D Top holdings2013-06-30 1.INTC 2.95 12-15-35 2.DELL 1.75 12-01-13 B 3.GILD 1.625 05-01-16 D 4.ADM 0.875 02-15-14 5.BKNG 1 03-15-18 6.JEF 7.NEM 1.625 07-15-17 B 8.LRCX 0.5 05-15-16 9.D 2.125 12-15-23 C 10.ARCC 5.125 06-01-16

Holding changes this quarter

Income Research & Management's most significant position changes for 2026-03-31: Sold out: Duke Energy CORP (DUK 4.125 04-15-26); Sold out: Expedia Group INC (EXPE 0 02-15-26); Sold out: Ventas Realty LP (VTR 3.75 06-01-26); Sold out: Ford Motor Company (F 0 03-15-26); Sold out: Centerpoint Energy INC (CNP 4.25 08-15-26).

Position changes disclosed by Income Research & Management for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	UBER 0.875 12-01-28 2028	Uber Technologies INC	+3.1%	+93.23%	Add
2	AKAM 0.375 09-01-27	Akamai Technologies INC	+1.6%	—	Unchanged
3	XYZ 0.25 11-01-27	Block INC	+1.6%	+21.69%	Add
4	BAC 0.6 05-25-27 MTN	Bofa Finance LLC	+1.4%	—	Unchanged
5	NEE 3 03-01-27	Nextera Energy Capital	+1%	—	Unchanged
6	CSWC 5.125 11-15-29	Capital Southwest CORP	+0.9%	—	Unchanged
7	ON 0.5 03-01-29	On Semiconductor CORP	+0.9%	—	Unchanged
8	NVST 1.75 08-15-28	Envista Holdings CORP	+0.7%	—	Unchanged
9	EVRG 4.5 12-15-27	Evergy INC	+0.7%	—	Unchanged
10	EEFT 0.75 03-15-49	Euronet Worldwide INC	+0.7%	—	Unchanged
11	ETSY 0.25 06-15-28	Etsy INC	+0.5%	—	Unchanged
12	MCHP 0.75 06-01-30	Microchip Technology INC	+0.5%	—	Unchanged
13	AWK 3.625 06-15-26	American Water Capital C	+0.5%	-3.36%	Trim
14	GPN 1.5 03-01-31	Global Payments INC	+0.4%	—	Unchanged
15	DXCM 0.375 05-15-28	Dexcom INC	+0.4%	—	Unchanged
16	PNW 4.75 06-15-27	Pinnacle West Capital	+0.4%	—	Unchanged
17	MTH 1.75 05-15-28	Meritage Homes CORP	+0.3%	—	Unchanged
18	TAXX	Bblx Irm Tax-aware S Dur ETF	+0.3%	—	Unchanged
19	TXXI	Bblx Irm Tax-aware I Dur ETF	+0.3%	—	Unchanged
20	TAXM	Bondbloxx Ir+m Tax-aware Mas	+0.3%	—	Unchanged
21	GLAD 5.875 10-01-30	Gladstone Capital CORP	+0.2%	—	Unchanged
22	AGGS	Harbor Disciplined Bond ETF	+0.1%	—	Unchanged
23	HAE 2.5 06-01-29	Haemonetics CORP	+0.1%	—	Unchanged
24	ETSY 0.125 09-01-27	Etsy INC	+0.1%	+35.56%	Add
25	WFC 7.5 PERP L	Wells Fargo & Company	0%	—	Unchanged
26	BAC 7.25 PERP L	Bank Of America CORP	0%	—	Unchanged
27	DUK 4.125 04-15-26	Duke Energy CORP	—	EXIT	Sold out
28	EXPE 0 02-15-26	Expedia Group INC	—	EXIT	Sold out
29	VTR 3.75 06-01-26	Ventas Realty LP	—	EXIT	Sold out
30	F 0 03-15-26	Ford Motor Company	—	EXIT	Sold out
31	CNP 4.25 08-15-26	Centerpoint Energy INC	—	EXIT	Sold out
32	CABO 1.125 03-15-28	Cable One INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-17	13F-HR	View on EDGAR
2025-12-31	2026-01-20	13F-HR	View on EDGAR
2025-09-30	2025-10-16	13F-HR	View on EDGAR
2025-06-30	2025-07-17	13F-HR	View on EDGAR
2025-03-31	2025-04-22	13F-HR	View on EDGAR
2024-12-31	2025-01-21	13F-HR	View on EDGAR
2024-09-30	2024-10-22	13F-HR	View on EDGAR
2024-06-30	2024-07-23	13F-HR	View on EDGAR
2024-03-31	2024-04-25	13F-HR	View on EDGAR
2023-12-31	2024-01-19	13F-HR	View on EDGAR
2023-09-30	2023-10-24	13F-HR	View on EDGAR
2023-06-30	2023-07-21	13F-HR	View on EDGAR
2023-03-31	2023-04-20	13F-HR	View on EDGAR
2022-12-31	2023-01-31	13F-HR	View on EDGAR
2022-09-30	2022-10-20	13F-HR	View on EDGAR
2022-06-30	2022-07-21	13F-HR	View on EDGAR
2022-03-31	2022-04-22	Amendment	View on EDGAR
2022-03-31	2022-04-20	13F-HR	View on EDGAR
2021-12-31	2022-01-24	13F-HR	View on EDGAR
2021-09-30	2021-10-19	13F-HR	View on EDGAR
2021-06-30	2021-08-05	13F-HR	View on EDGAR
2021-03-31	2021-04-15	13F-HR	View on EDGAR
2020-12-31	2021-01-15	13F-HR	View on EDGAR
2020-09-30	2020-10-23	13F-HR	View on EDGAR
2020-06-30	2020-07-22	13F-HR	View on EDGAR
2020-03-31	2020-05-01	13F-HR	View on EDGAR
2019-12-31	2020-01-29	13F-HR	View on EDGAR
2019-09-30	2019-11-12	13F-HR	View on EDGAR
2019-06-30	2019-08-12	13F-HR	View on EDGAR
2019-03-31	2019-05-10	13F-HR	View on EDGAR
2018-12-31	2019-02-12	13F-HR	View on EDGAR
2018-09-30	2018-11-13	13F-HR	View on EDGAR
2018-06-30	2018-07-25	Amendment	View on EDGAR
2018-06-30	2018-07-24	13F-HR	View on EDGAR
2018-03-31	2018-05-14	Amendment	View on EDGAR
2018-03-31	2018-05-11	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-11	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-13	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-09	13F-HR	View on EDGAR
2016-03-31	2016-05-13	13F-HR	View on EDGAR
2015-12-31	2016-02-12	13F-HR	View on EDGAR
2015-09-30	2015-11-13	13F-HR	View on EDGAR
2015-06-30	2015-08-12	13F-HR	View on EDGAR
2015-03-31	2015-05-14	13F-HR	View on EDGAR
2014-12-31	2015-02-17	13F-HR	View on EDGAR
2014-09-30	2014-11-14	13F-HR	View on EDGAR
2014-06-30	2014-08-14	13F-HR	View on EDGAR
2014-03-31	2014-05-15	13F-HR	View on EDGAR
2013-12-31	2014-02-12	13F-HR	View on EDGAR
2013-09-30	2013-11-14	13F-HR	View on EDGAR
2013-06-30	2013-08-09	13F-HR	View on EDGAR

FAQ

What is Income Research & Management and what type of investor is it?

Income Research & Management is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $168.6M, spread across 26 disclosed positions.

What are Income Research & Management's largest equity positions?

Based on the latest 13F filing, Income Research & Management's top holdings by market value are: 1. Bofa Finance LLC (BAC 0.6 05-25-27 MTN) — $11.7M (7.0%) 2. Akamai Technologies INC (AKAM 0.375 09-01-27) — $11.7M (6.9%) 3. Capital Southwest CORP (CSWC 5.125 11-15-29) — $10.3M (6.1%) 4. Uber Technologies INC (UBER 0.875 12-01-28 2028) — $10.3M (6.1%) 5. Euronet Worldwide INC (EEFT 0.75 03-15-49) — $10.2M (6.1%)

What changes did Income Research & Management make in its most recent portfolio filing?

In the latest reported quarter, Income Research & Management made 10 notable position adjustments: 0 new positions were initiated, 3 existing holdings were added to, 1 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Duke Energy CORP (DUK 4.125 04-15-26); Sold out: Expedia Group INC (EXPE 0 02-15-26); Sold out: Ventas Realty LP (VTR 3.75 06-01-26); Sold out: Ford Motor Company (F 0 03-15-26); Sold out: Centerpoint Energy INC (CNP 4.25 08-15-26)

What sectors does Income Research & Management focus on?

Income Research & Management is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 29.1% • Utilities: 20.1% • Financials: 17.0% • Industrials: 12.9% • Health Care: 10.7% • Consumer Discretionary: 10.3%