Isabella Capital Management LLP

Est. AUM

$140.57B

13F long equity, this entity only

Positions

Period

Dec 2025 (Q4)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	ISHARES TRPUT	IBOXX HI YD ETF	$39.78B	500000	28.30%	SOLE
2	ALIBABA GROUP HLDG LTD	NOTE 0.500% 6/0	$38.21B	27500000	27.18%	SOLE
3	ISHARES TR	IBOXX HI YD ETF	$13.92B	175000	9.90%	SOLE
4	MARA HOLDINGS INC	NOTE 2.125% 9/0	$11.53B	13500000	8.20%	SOLE
5	STRATEGY INC	NOTE 0.875% 3/1	$9.68B	10000000	6.88%	SOLE
6	STRATEGY INC	NOTE 12/0	$9.20B	11000000	6.54%	SOLE
7	STRATEGY INC	NOTE 3/0	$8.72B	10000000	6.20%	SOLE
8	STRATEGY INC	NOTE 0.625% 9/1	$2.76B	2500000	1.96%	SOLE
9	SUPER MICRO COMPUTER INCPUT	COM NEW	$1.14B	50000	0.81%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.