CAMDEN ASSET MANAGEMENT L P /CA
•CIK: 903944•Filing: Q4 2025
CAMDEN ASSET MANAGEMENT LP, led by the seasoned duo of Jonathan Lavine and Jonathan Baruch, manages $4.0B with a focus on convertible arbitrage, currently holding 72 positions. Notably, the fund has recently added SO 7.125 12/15/28 A and exited BACRP, while significantly cutting positions in WFC-PA and OILU, reflecting a strategic shift in their portfolio.
Total AUM
$377.2M
QoQ Performance
+30.3%
Positions
7
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
BAC 7.25 PERP L
SO 7.125 12/15/28 A
KMI 4.75 03/31/28
WFC 7.5 PERP L
BAC 7.25 PERP L45.6%
SO 7.125 12/15/28 A22.0%
KMI 4.75 03/31/2815.5%
WFC 7.5 PERP L11.9%
EPR 5.75 PERP C3.1%
EPR 9 PERP E1.6%
KKR 6.25 03/01/28 D0.3%
📈 Biggest Buys
SO 7.125 12/15/28 A
SOUTHERN CO CV 7.125PERCENT 121528 PFD A REG
NEW
22.0% of portfolio
BAC 7.25 PERP L
BANK OF AMERICA CORP 7.25PERCENT CV PFD L
+7.5%
45.6% of portfolio
WFC 7.5 PERP L
WELLS FARGO CO 7.5PERCENT CV PFD L
+30.8%
11.9% of portfolio
📉 Biggest Sells
EPR 5.75 PERP C
ENTERTAINMENT PROPERTIES 5.75PERCENT CV PFD C
-8.7%
3.1% of portfolio
KMI 4.75 03/31/28
EL PASO ENERGY CA CV 4.75PERCENT 033128PFD REG
-0.2%
15.5% of portfolio
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW1 new position
↑2 increased
↓2 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
📌 Top Holdings
BAC 7.25 PERP L45.6%
BANK OF AMERICA CORP 7.25PERCENT CV PFD L
$172.1M
SO 7.125 12/15/28 A22.0%
SOUTHERN CO CV 7.125PERCENT 121528 PFD A REG
$83.1M
KMI 4.75 03/31/2815.5%
EL PASO ENERGY CA CV 4.75PERCENT 033128PFD REG
$58.4M
WFC 7.5 PERP L11.9%
WELLS FARGO CO 7.5PERCENT CV PFD L
$44.9M
EPR 5.75 PERP C3.1%
ENTERTAINMENT PROPERTIES 5.75PERCENT CV PFD C
$11.8M