SI
Strategic Income Management, LLC Historical SEC 13F Holdings & Archive (Q3 2023)
Strategic Income Management, LLCCIK: 0001540306
Sector-focusedQuality / disciplined sizingLong-term holder
Total reported value
$52.1M
Reporting period: 2023-09-30 · Number of holdings: 14
Strategic Income Management, LLC disclosed 14 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $52.1M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 60.61
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 16
- Sizing Uniformity
- 95.07
Strategic Income Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.152 — mathematically equivalent to about 7 equally-sized positions, well below its 14 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.49), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 40% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 8 holdings (of 14 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | EZPW 2.375 05-01-25Bond | Ezcorp Inc | Bond | 21.47% | — | -20.00% | |
| 2 | HEPUSD | Holly Energy Partners LP | Stock-Other | 15.91% | — | -15.62% | |
| 3 | NLY | Annaly Capital Management In | Stock-Real Estate | 15.72% | — | +33.53% | |
| 4 | UPST 0.25 08-15-26Bond | Upstart Holdings Inc | Bond | 14.90% | — | -53.94% | |
| 5 | STNG | Scorpio Tankers Inc. | Stock-Other | 13.73% | — | — | |
| 6 | MPLX | Mplx LP | Stock-Energy | 9.20% | — | — | |
| 7 | KNOP | KNOT Offshore Partners LP | Stock-Other | 7.52% | — | — | |
| 8 | TPB 2.5 07-15-24Bond | Turning Point Brands Inc | Bond | 1.55% | — | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q3 | 14 | $52.1M | 0 | ||
| 2023 Q2 | 14 | $53.1M | 0 | ||
| 2023 Q1 | 28 | $95.1M | 0 | ||
| 2022 Q4 | 26 | $124.6M | 0 | ||
| 2016 Q4 | 5 | $21.9M | 28 | ||
| 2016 Q3 | 5 | $25.9M | 64 | ||
| 2016 Q2 | 7 | $27.9M | 15 | 1TITN 3.75 05-01-192ECPG 3 07-01-203357104 | |
| 2016 Q1 | 9 | $30.4M | 46 | 1TITN 3.75 05-01-192ECPG 3 07-01-203357104 | |
| 2015 Q4 | 7 | $19.0M | 40 | 1TITN 3.75 05-01-1923571043TSLA 1.25 03-01-21 | |
| 2015 Q3 | 7 | $21.5M | 100 | 1TITN 3.75 05-01-192TSLA 1.25 03-01-213357104 | |
| 2015 Q2 | 34 | $171.8M | 15 | ||
| 2015 Q1 | 34 | $173.5M | 7 | ||
| 2014 Q4 | 35 | $176.1M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Strategic Income Management, LLC and what type of investor is it?
Strategic Income Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2023-09-30), the firm manages a tracked equity portfolio valued at approximately $52.1M, spread across 14 disclosed positions.
What are Strategic Income Management, LLC's largest equity positions?
Based on the latest 13F filing, Strategic Income Management, LLC's top holdings by market value are:
1. Ezcorp Inc (EZPW 2.375 05-01-25) — $11.2M (21.5%)
2. Holly Energy Partners LP (HEPUSD) — $8.3M (15.9%)
3. Annaly Capital Management In (NLY) — $8.2M (15.7%)
4. Upstart Holdings Inc (UPST 0.25 08-15-26) — $7.8M (14.9%)
5. Scorpio Tankers Inc. (STNG) — $7.2M (13.7%)
What changes did Strategic Income Management, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Strategic Income Management, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Strategic Income Management, LLC focus on?
Strategic Income Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Real Estate: 39.5%
• Financials: 37.4%
• Energy: 23.1%
Investment Profile
Strategic Income Management, LLC's portfolio is moderately concentrated and long-term-holding, with 39.5% of the portfolio concentrated in Real Estate.
Its concentration score has fallen from 100 to 61 over the past 4 quarters — a shift toward broader diversification.
It has added to its NLY position over the past two quarters (+$3.4M, now $8.2M), while trimming EZPW 2.375 05-01-25 over the same stretch (-$5.7M, still holding $11.2M).
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