Institutional Manager · CIK 0001165830
INCOME RESEARCH & MANAGEMENT
Boston, MA · File #028-10329
Latest AUM
$190.4M
Positions
32
Top-10 Concentration
49.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | CMS ENERGY CORP | 125896BX7 | -9,024,000 | -$9.9M | $0 |
| EXITED | PPL CAP FDG INC | 69352PAS2 | -8,501,000 | -$9.7M | $0 |
| REDUCE | EXPEDIA GROUP INC | EXPE | -1,825,000 | -$2.0M | +$1.0M |
| REDUCE | FORD MTR CO | 345370CZ1 | -1,690,000 | -$1.8M | +$201,825 |
| ADD | ON SEMICONDUCTOR CORP | ON | +590,000 | +$558,140 | +$226,057 |
| ADD | UBER TECHNOLOGIES INC | UBER | +425,000 | +$551,225 | -$692,865 |
| ADD | WELLS FARGO CO NEW | 949746804 | +445 | +$539,799 | -$8,030 |
| ADD | MERITAGE HOMES CORP | MTH | +490,000 | +$481,913 | -$228,807 |
| ADD | BLOCK INC | BSQKZ | +480,000 | +$443,760 | +$120,075 |
| ADD | AMERICAN WTR CAP CORP | 03040WBE4 | +410,000 | +$408,278 | -$51,845 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202532 pos · $190.4M
- 13F HOLDINGS REPORTQ/E Sep 202535 pos · $204.5M
- 13F HOLDINGS REPORTQ/E Jun 202540 pos · $374.2M
- 13F HOLDINGS REPORTQ/E Mar 202527 pos · $234.8M
- 13F HOLDINGS REPORTQ/E Dec 202425 pos · $209.6M
- 13F HOLDINGS REPORTQ/E Sep 202422 pos · $207.7M
- 13F HOLDINGS REPORTQ/E Jun 202418 pos · $173.4M
- 13F HOLDINGS REPORTQ/E Mar 202416 pos · $148.2M
- 13F HOLDINGS REPORTQ/E Dec 202310 pos · $127.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BOFA FIN LLC | 09709UV70 | 9,803,000 | $10.6M | 5.59% |
| 2 | EURONET WORLDWIDE INC | EEFT | 12,112,000 | $10.2M | 5.37% |
| 3 | AKAMAI TECHNOLOGIES INC | AKAM | 10,068,000 | $10.1M | 5.30% |
| 4 | CAPITAL SOUTHWEST CORP | CSWC | 10,127,000 | $10.0M | 5.25% |
| 5 | ON SEMICONDUCTOR CORP | ON | 10,280,000 | $9.7M | 5.11% |
| 6 | AMERICAN WTR CAP CORP | 03040WBE4 | 9,668,000 | $9.6M | 5.06% |
| 7 | DUKE ENERGY CORP NEW | DUKB | 8,858,000 | $9.1M | 4.79% |
| 8 | EXPEDIA GROUP INC | EXPE | 7,512,000 | $8.4M | 4.40% |
| 9 | ENVISTA HOLDINGS | NVST | 8,715,000 | $8.4M | 4.39% |
| 10 | BLOCK INC | BSQKZ | 8,485,000 | $7.8M | 4.12% |
| 11 | VENTAS RLTY LTD PARTNERSHIP | VTR | 5,475,000 | $7.7M | 4.06% |
| 12 | ETSY INC | ETSY | 8,342,000 | $7.4M | 3.91% |
| 13 | NEXTERA ENERGY CAP HLDGS | NEE-PW | 5,920,000 | $7.3M | 3.86% |
| 14 | GLOBAL PMTS INC | 37940XAU6 | 7,830,000 | $7.0M | 3.69% |
| 15 | MICROCHIP TECHNOLOGY INC. | MCHPP | 6,978,000 | $6.8M | 3.59% |
| 16 | FORD MTR CO | 345370CZ1 | 6,383,000 | $6.6M | 3.48% |
| 17 | MERITAGE HOMES CORP | MTH | 6,215,000 | $6.1M | 3.21% |
| 18 | UBER TECHNOLOGIES INC | UBER | 4,430,000 | $5.7M | 3.02% |
| 19 | DEXCOM INC | DXCM | 6,101,000 | $5.6M | 2.95% |
| 20 | EVERGY INC | EVRG | 4,322,000 | $5.3M | 2.76% |