STEELHEAD PARTNERS LLC
Q2 2026 Form 13-F
SEATTLE, WASHINGTON
CIK 0001133521
· CRD 116569
· SEC-registered investment adviser
$1.4B Reported Value Total
STEELHEAD PARTNERS, LLC reports 7 total accounts under management (AUM). There are 7 discretionary accounts valued at $2,510,413,432, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
5 funds
· $2.5B gross asset value
Hedge Fund: $2.5B · Other: $13.7K
Source: Form ADV filed 2026-03-31
Reported value
$1.4B
Quarter over quarter
+5.0%
Holdings
2
Top-10 concentration
64.5%
Key People
Form ADV owners & control persons
James Michael Johnston
MEMBER
Nicholas R Mcfarland
MEMBER/CO-PORTFOLIO MANAGER
Brent Eugene Binge
GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | August 14, 2026 |
| Form | 13F-HR |
| Reported value | $1.4B |
| Positions | 2 |
| Change in reported value | +0.8% |
| New positions | 8 |
| Exited positions | 7 |
| Position turnover | 166.7% |
| Top-10 concentration | 64.5% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
2 | $1.4B |
|
Q1 2026 13F
Filed May 13, 2026
|
1 | $1.4B |
|
Q4 2025 13F
Filed Feb 13, 2026
|
1 | $1.4B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
1 | $1.7B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
1 | $2.0B |
|
Q1 2025 13F
Filed May 15, 2025
|
0 | $1.7B |
|
Q4 2024 13F
Filed Feb 18, 2025
|
1 | $2.0B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
0 | $1.9B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
1 | $1.9B |
|
Q1 2024 13F
Filed May 15, 2024
|
1 | $1.9B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
0 | $1.9B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
0 | $1.7B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
0 | $1.6B |
|
Q1 2023 13F
Filed May 15, 2023
|
0 | $1.5B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
0 | $1.4B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
1 | $1.4B |
|
Q2 2022 13F
Filed Aug 16, 2022
|
1 | $1.2B |
|
Q1 2022 13F
Filed May 16, 2022
|
1 | $1.5B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
1 | $1.4B |
|
Q3 2021 13F
Filed Oct 7, 2021
|
2 | $1.3B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | UBER 0.875 12/01/28 2028 Uber Technologies Inc | $143.9M | 10.26% |
| 2 | BBIO 2.5 03/15/27 Bridgebio Pharma Inc | $124.8M | 8.9% |
| 3 | AKAM 0.375 09/01/27 Akamai Technologies Inc | $120.2M | 8.57% |
| 4 | ALRM 2.25 06/01/29 Alarm Com Hldgs Inc | $85.5M | 6.1% |
| 5 | LCII 3 03/01/30 LCI Inds | $79.1M | 5.64% |
| 6 | ALNY 1 09/15/27 Alnylam Pharmaceuticals Inc | $78.2M | 5.57% |
| 7 | DXCM 0.375 05/15/28 Dexcom Inc | $77.5M | 5.53% |
| 8 | NTNX 0.25 10/01/27 Nutanix Inc | $73.5M | 5.24% |
| 9 | NET 0 08/15/26 Cloudflare Inc | $64.4M | 4.6% |
| 10 | VRNS 1 09/15/29 Varonis Sys Inc | $57.6M | 4.1% |
| 11 | WK 1.25 08/15/28 Workiva Inc | $57.3M | 4.09% |
| 12 | ON 0.5 03/01/29 ON Semiconductor Corp | $48.6M | 3.46% |
| 13 | BILL 0 04/01/30 Bill Holdings Inc | $43.3M | 3.09% |
| 14 | DDOG 0 12/01/29 Datadog Inc | $42.6M | 3.04% |
| 15 | IRTC 1.5 09/01/29 Irhythm Holdings Inc | $42.1M | 3.0% |
| 16 | POST 2.5 08/15/27 Post Hldgs Inc | $39.5M | 2.81% |
| 17 | HALO 0.25 03/01/27 Halozyme Therapeutics Inc | $39.1M | 2.79% |
| 18 | DASH 0 05/15/30 Doordash Inc | $34.4M | 2.45% |
| 19 | SNOW 0 10/01/27 Snowflake Inc | $33.3M | 2.37% |
| 20 | PENG 2 08/15/30 Penguin Solutions Inc | $28.4M | 2.02% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.