NPORT-P false 0000091847 XXXXXXXX SOURCE CAPITAL /DE/ 811-01731 0000091847 9845005BC0508CFA5B64 235 West Galena Street Milwaukee 53212 626-385-5777 Source Capital 9845005BC0508CFA5B64 2025-12-31 2025-12-31 N 424817100.670000000000 23236500.520000000000 401580600.150000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 866767.320000000000 USD N Shiseido Co Ltd 5299008QCD0YDT5OF506 999999999 2400 NS 34902.96 0.0086913959 Long EC CORP JP N 1 N N N MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP / N/A 58004K307 187 NS USD 2805 0.0006984899 Long EC CORP BM Y 3 N N N MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP / N/A 58004K406 12870 NS USD 193050 0.0480725413 Long EC CORP BM Y 3 N N N MIDCAP FINANCIAL ISSR TR N/A 59567LAA2 3466000 PA USD 3456780.44 0.8607936834 Long DBT CORP US Y 2 2028-05-01 Fixed 6.50 N N N N N N EPIC GAMES, INC. PRIVATE COMMON STOCK / N/A 966TDKII3 4347 NS USD 1703371.95 0.4241668919 Long EC CORP US Y 3 N N N NEBARI NAT RES CREDIT FD I LP / N/A 966ZTA002 55000 OU Other Units USD 1918089.34 0.4776349603 Long PF US Y N/A N N N Bio-Rad Laboratories Inc 549300ZC1GPV35XYDK53 090572207 3405 NS USD 1031680.95 0.2569050770 Long EC CORP US N 1 N N N DELIVERY HERO AG 529900C3EX1FZGE48X78 999999999 500000 PA 570419.56 0.1420436046 Long DBT CORP DE N 2 2027-01-23 Fixed 1 N N N N N N JC PENNEY CORP INC 8TDNUQ07MEFMWW1VHP39 46611NAJ2 455467.65 PA USD 45.55 0.0000113427 Long LON CORP US Y 3 2027-06-23 Floating 5.567780 Y N N N N N LEALAND FINANCE CO BV N/A N5200EAB7 1616752.66 PA USD 1244899.55 0.3099999227 Long LON CORP NL Y 3 2027-12-31 Floating 7.8306 N N N N N N LEALAND FINANCE CO BV N/A N5200EAC5 141926.75 PA USD 116379.94 0.0289804687 Long LON CORP NL Y 3 2027-06-30 Floating 6.8306 N N N N N N CORNERSTONE ONDEMAND INC 549300Z402F16H5EGH48 86803YAB9 71582.93 PA USD 65498.38 0.0163101455 Long LON CORP US Y 2 2028-10-16 Floating 7.683540 N N N N N N VISION SOLUTIONS INC N/A 70477BAE2 71570.69 PA USD 66113.42 0.0164633003 Long LON CORP US Y 2 2028-04-24 Floating 8.101990 N N N N N N WH BORROWER LLC 2549009H920CQUE3R944 92942LAG6 1203950 PA USD 1207959.15 0.3008011716 Long LON CORP US Y 2 2032-02-20 Floating 8.734020 N N N N N N DELIVERY HERO AG 529900C3EX1FZGE48X78 999999999 100000 PA 109766.13 0.0273335241 Long DBT CORP DE N 2 2028-01-15 Fixed 1.50 N N N N N N DELIVERY HERO AG 529900C3EX1FZGE48X78 ZL0636734 1200000 PA 1370558.23 0.3412909462 Long DBT CORP DE N 2 2030-02-21 Fixed 3.25 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 172967424 61026 NS USD 7121123.94 1.7732738925 Long EC CORP US N 1 N N N Castlelake Asset LP Based Private Credit / N/A 999999999 3900000 OU Other Units USD 3816529 0.9503768356 Long PF US Y N/A N N N CAPSTONE ACQ HLDGS BANK DEBT 11/12/2029 / N/A 999999999 2273798.16 PA USD 2290794.80 0.5704445880 Long LON CORP US Y 3 2029-11-12 Variable 8.3161 N N N N N N Cie Financiere Richemont SA 549300YIPGJ6UX2QPS51 999999999 12582 NS 2732903.80 0.6805368085 Long EC CORP CH N 1 N N N Charter Communications Inc 0J0XRGZE3PBRFEZ7MV65 16119P108 3190 NS USD 665912.50 0.1658228758 Long EC CORP US N 1 N N N Comcast Corp 51M0QTTNCGUN7KFCFZ59 20030N101 215600 NS USD 6444284 1.6047299092 Long EC CORP US N 1 N N N Copper Property CTL Pass Throu N/A 217519107 16058 NS USD 180652.50 0.0449853653 Long EC CORP US Y 1 N N N Delta Commercial FUNDING LP 12/31/27 / N/A 999999999 3100000 PA USD 3100000 0.7719496407 Long DBT CORP US Y 3 2027-12-31 None 0 N N N N N N Delivery Hero SE 529900C3EX1FZGE48X78 999999999 8390 NS 224022.56 0.0557852047 Long EC CORP DE N 1 N N N Fortune Brands Innovations Inc 54930032LHW54PQUJD44 34964C106 62199 NS USD 3111193.98 0.7747371210 Long EC CORP US N 1 N N N Ferguson Enterprises Inc 2138003JYQMRP3SLX189 G3421J106 16171 NS USD 3600149.73 0.8964949324 Long EC CORP US N 1 N N N FPS Holdco II LLC SOURCE / N/A 999999999 10507864.07 OU Other Units USD 8549411.52 2.1289403713 Long PF US Y 3 N N N GREAT BRITAIN POUND / N/A 999999999 1.58 OU Currency 2.13 0.0000005304 Long STIV GB N 1 N N N Fortress Credit Opportunities 2549008RD44HDM6DNP14 34961MAE7 5186000 PA USD 5209891.90 1.2973465098 Long ABS-CBDO CORP KY Y 2 2033-10-15 Floating 12.226150 N N N N N N Glencore PLC 2138002658CPO9NBH955 999999999 802359 NS 4396806.19 1.0948751479 Long EC CORP CH N 1 N N N Grupo Mexico SAB de CV 529900JWLZAYET2ZGW20 999999999 148273 NS 1400019.89 0.3486273713 Long EC CORP MX N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 02079K107 18429 NS USD 5783020.20 1.4400646341 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 02079K305 26558 NS USD 8312654 2.0699839576 Long EC CORP US N 1 N N N Gulfport Energy Corp 254900DJRGZBUZ3F5038 402635502 1580 NS USD 328624.20 0.0818326881 Long EC CORP US N 1 N N N Heineken Holding NV 724500M1WJLFM9TYBS04 999999999 86811 NS 6366208.02 1.5852877399 Long EC CORP NL N 1 N N N Jett Texas LLC SOURCE / N/A 999999999 6000000 OU Other Units USD 6389400 1.5910629143 Long PF US Y N/A N N N Kinder Morgan Inc 549300WR7IX8XE0TBO16 49456B101 70369 NS USD 1934443.81 0.4817074852 Long EC CORP US N 1 N N N CarMax Inc N/A 143130102 25555 NS USD 987445.20 0.2458896669 Long EC CORP US N 1 N N N Liberty Broadband Corp 549300MIX43II8JLN536 530307305 18518 NS USD 899974.80 0.2241081366 Long EC CORP US N 1 N N N FRONTIER COMMUNICATIONS N/A 35906ABE7 453000 PA USD 452913.93 0.1127828211 Long DBT CORP US Y 2 2027-10-15 Fixed 5.8750 N N N N N N Golub Capital Partners Funding N/A 38177UAC4 545371.3310 PA USD 542375.61 0.1350602120 Long ABS-O CORP KY Y 2 2029-01-22 Fixed 4.4960 N N N N N N SILVERVIEW SPECIAL SIT LD ONSHORE LP / N/A 967DPC901 48500 OU Other Units USD 4198108.28 1.0453961866 Long PF US Y 3 N N N Analog Devices Inc GYVOE5EZ4GDAVTU4CQ61 032654105 35081 NS USD 9513967.20 2.3691301812 Long EC CORP US N 1 N N N Amrize Ltd 529900SLCCO6K43P8146 H2927K103 69135 NS USD 3738820.80 0.9310262494 Long EC CORP CH N 1 N N N Amazon.com Inc ZXTILKJKG63JELOEG630 023135106 11949 NS USD 2758068.18 0.6868031421 Long EC CORP US N 1 N N N Pernod Ricard SA 52990097YFPX9J0H5D87 999999999 26189 NS 2249871.78 0.5602541007 Long EC CORP FR N 1 N N N ROSS ACQUISITION CORP II -A N/A G7641C114 5878 NC USD 0 0.0000000000 N/A DE CORP US N 3 New York N/A Call Purchased ROSS ACQUISITION COR SHS CL A ROSS ACQUISITION COR SHS CL A 1 11.500000000000 USD 2026-02-12 XXXX -1272.84 N N N Aon PLC 635400FALWQYX5E6QC64 G0403H108 13605 NS USD 4800932.40 1.1955090456 Long EC CORP GB N 1 N N N Apollo Debt Solution BDC Senior Notes / N/A 999999999 2333000 PA USD 2333000 0.5809543586 Long LON CORP US Y 3 2028-09-28 Fixed 8.62 N N N N N N Safran SA 969500UIC89GT3UL7L24 999999999 15343 NS 5362566.93 1.3353650371 Long EC CORP FR N 1 N N N Sound Point Strat Capital Fund III LP / N/A 999999999 2750000 OU Other Units USD 2750000 0.6847940361 Long PF US Y N/A N N N Golub Capital Partners Funding N/A 38178HAC2 970218.7990 PA USD 958384.07 0.2386529802 Long ABS-O CORP KY Y 2 2029-04-20 Fixed 3.8160 N N N N N N Golub Capital Partners Funding N/A 38178XAC7 2594689.8550 PA USD 2529871.91 0.6299786168 Long ABS-O CORP US Y 2 2029-10-19 Fixed 3.9936 N N N N N N Broadcom Inc 549300WV6GIDOZJTV909 11135F101 1552 NS USD 537147.20 0.1337582542 Long EC CORP US N 1 N N N Avantor Inc N/A 05352A100 33018 NS USD 378386.28 0.0942242429 Long EC CORP US N 1 N N N Azelis Group NV 699400M9RRMTV264FM70 999999999 438736 NS 4820991.42 1.2005040627 Long EC CORP BE N 1 N N N Banner Commercial FUNDING LP 5/27/2028 / N/A 999999999 5343750 PA USD 5250234.38 1.3073924333 Long DBT CORP US Y 3 2028-05-27 Variable 10.199510 N N N N N N Becton Dickinson & Co ICE2EP6D98PQUILVRZ91 075887109 33279 NS USD 6458455.53 1.6082588471 Long EC CORP US N 1 N N N BH3 DEBT OPPORTUNITY FUND II-PARALLEL LP / N/A 999999999 2300000 OU Other Units USD 2252014 0.5607875478 Long PF US Y N/A N N N ELECTRIQ POWER HOLDINGS INC N/A 285046116 31567 NC USD 0 0.0000000000 N/A DE CORP US N 3 OTC US N/A Call Purchased ELECTRIQ PWR HLDGS I COM SHS ELECTRIQ PWR HLDGS I COM SHS 1 6.570000000000 USD 2028-07-31 XXXX -2499.98 N N N EQS Legacy Holdings Term Loan 3/27/2032 / N/A 999999999 9306018.75 PA USD 9306018.75 2.3173476872 Long LON CORP US Y 3 2032-03-27 None 0 N N N N N N HPS CORPORATE LENDING FU 549300ZS7IHUA6FKFV61 40440VAF2 520000 PA USD 542302.28 0.1350419517 Long DBT CORP US N 2 2029-01-30 Fixed 6.75 N N N N N N HRT DNT / HRT DNT FIN N/A 42239PAB5 381000 PA USD 398186.91 0.0991549168 Long DBT CORP US Y 2 2028-04-30 Fixed 10.50 N N N N N N Eurofins Scientific SE 529900JEHFM47DYY3S57 999999999 47135 NS 3456603.60 0.8607496474 Long EC CORP LU N 1 N N N EUR SPOT FORWARD CONTRACT / N/A 999999999 104778.27 OU Currency 123138.17 0.0306633762 Long STIV XX N 1 N N N TREVIAN CAP DEBT FUND LP / N/A 999999999 3000000 OU Other Units USD 3000000 0.7470480394 Long PF US Y N/A N N N Uber Technologies Inc 549300B2FTG34FILDR98 90353T100 8195 NS USD 669613.45 0.1667444717 Long EC CORP US N 1 N N N Uniti Group Inc 549300V3NU625PJUVA84 912932100 10312 NS USD 72287.12 0.0180006504 Long EC CORP US N 1 N N N UNITI GROUP, Inc. PFD SERIES A PREF STOCK / N/A 999999999 65.37 NS USD 65370 0.0162781768 Long EP CORP US Y 3 N N N UNITI GROUP, Inc. WARRANTS 08/12/2035 / N/A 999999999 1996 NC USD 13812.32 0.0034394889 N/A DE CORP US Y 3 NASDAQ N/A Call Purchased UNITI GROUP INC UNITI GROUP INC 1 0.010000000000 USD 2035-08-11 XXXX 13812.32 N N N Westinghouse Air Brake Technol 06BTX5UWZD0GQ5N5Y745 929740108 7391 NS USD 1577608.95 0.3928498910 Long EC CORP US N 1 N N N Hotwire Funding LLC 254900ZCO90MCT7Y9348 44148JAC3 750000 PA USD 738671.18 0.1839409523 Long ABS-O CORP US Y 2 2051-11-20 Fixed 4.4590 N N N N N N Nippon Paint Holdings Co Ltd 529900RYRJUN78A7PL87 999999999 360200 NS 2408768.51 0.5998219309 Long EC CORP JP N 1 N N N Monroe Capital ABS Funding LTD N/A 610331AC4 370860.2520 PA USD 368048.76 0.0916500349 Long ABS-O CORP KY Y 2 2031-04-22 Fixed 3.9080 N N N N N N Hoshizaki Corp 5299001QAMLGU3SRBG20 999999999 25600 NS 851971.40 0.2121545213 Long EC CORP JP N 1 N N N Wells Fargo & Co PBLD0EJDB5FWOLXP3B76 949746101 19219 NS USD 1791210.80 0.4460401721 Long EC CORP US N 1 N N N OAKTREE STRATEGIC CREDIT 2549006RRE0JC7G43241 67403AAB5 1615000 PA USD 1739624.71 0.4331944096 Long DBT CORP US N 2 2028-11-14 Fixed 8.40 N N N N N N Parliament CLO Ltd 5493009BTB3REE8RVW84 701631AD5 1854000 PA USD 1850206.72 0.4607311009 Long ABS-CBDO CORP KY Y 2 2032-08-20 Floating 7.850570 N N N N N N Plantation Loan TERM LOAN 01/25/2027 / N/A 999999999 3500000 PA USD 3500000 0.8715560460 Long LON CORP US Y 3 2027-01-25 Variable 10.514560 N N N N N N PERSHING SQUARE TONT SHS / N/A 715ESC018 14610 NS USD 0 0.0000000000 Long EC CORP US Y 3 N N N Nintendo Co Ltd 353800FEEXU6I9M0ZF27 999999999 12744 NS 861993.62 0.2146502146 Long EC CORP JP N 1 N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 808513AR6 75000 PA USD 73384.50 0.0182739156 Long EP CORP US N 2 2069-10-31 Variable 5 N N N N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 808513BK0 549000 PA USD 544251.15 0.1355272515 Long EP CORP US N 2 2069-06-01 Variable 4 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797RJ8 29000000 PA USD 28957436.57 7.2108654051 Long DBT UST US N 2 2026-01-15 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797RU3 24600000 PA USD 24458504.27 6.0905592205 Long DBT UST US N 2 2026-02-26 Fixed 0 N N N N N N TREASURY BILL 254900HROIFWPRGM1V77 912797TA5 23500000 PA USD 23314848.20 5.8057705455 Long DBT UST US N 2 2026-03-24 Fixed 0 N N N N N N VT TOPCO INC 5493007T812R37X02Y38 91838PAA9 1289000 PA USD 1343176.67 0.3344724993 Long DBT CORP US Y 2 2030-08-15 Fixed 8.50 N N N N N N VCP RRL ABS I, Ltd N/A 92243RAC8 456949.25 PA USD 436387.90 0.1086675750 Long ABS-O CORP US Y 2 2031-10-20 Fixed 2.8480 N N N N N N VCP RRL ABS I, Ltd N/A 92243RAE4 962545.30 PA USD 883748.45 0.2200675156 Long ABS-O CORP US Y 2 2031-10-20 Fixed 5.4250 N N N N N N VORNADO REALTY LP 549300BMOJ05INE4YK86 929043AK3 250000 PA USD 246897.50 0.0614814311 Long DBT CORP US N 2 2026-06-01 Fixed 2.15 N N N N N N PROP SERIES 2017 1A 5.30% 3/15/2042 / N/A 930RAXII5 212276.61 PA USD 202724.16 0.0504815621 Long ABS-CBDO CORP US Y 3 2042-03-15 Fixed 5.30 N N N N N N CLOVER PRIVATE CRED / N/A 9353JY901 60000 OU Other Units USD 3823597 0.9521368808 Long PF US Y 3 N N N LEALAND FINANCE Co. B.V. SUPER SNR EXIT LC / N/A 935IFTII4 3927193.8570 PA USD 3455930.59 0.8605820572 Long LON CORP US Y 3 2027-06-30 Fixed 0 N N N N N N LEALAND FINANCE Co. B.V. LETTER OF CREDIT / N/A 935IQZII8 834169.92 PA USD 625627.44 0.1557912508 Long LON CORP US Y 3 2027-06-30 Variable 7.922380 N N N N N N HIG WHITEHORSE DIR LEN 2020 LP / N/A 936JLN906 55000 OU Other Units USD 5497545 1.3689767379 Long PF US Y N/A N N N LEALAND FINANCE Co. B.V. SENIOR EXIT LC / N/A 589477088 -1234380.22 PA USD -308595.06 -0.0768451115 Short LON CORP US Y 3 2027-06-30 Fixed 0 N N N N N N POST ROAD SPEC OPP FUND II LP / N/A 942FPU906 18000 OU Other Units USD 1949353.13 0.4854201446 Long PF US Y 3 N N N BLUE TORCH CRED OPP FUND II LP / N/A 942JAU904 55000 OU Other Units USD 4263766.96 1.0617462493 Long PF US Y N/A N N N MSD PRIVATE CREDIT OPP FD 2 LP / N/A 942KWF009 80000 OU Other Units USD 8860218.29 2.2063362340 Long PF US Y N/A N N N METRO PARTNERS FUND VII, LP / N/A 942TKW907 80000 OU Other Units USD 8627688 2.1484324683 Long PF US Y N/A N N N PINEY LAKE OPPS FUND LP / N/A 942XPN903 30000 OU Other Units USD 3156222.48 0.7859499385 Long PF US Y N/A N N N WAYFAIR INC 54930027N9ZAVYFDHK53 94419LAF8 122000 PA USD 121451 0.0302432438 Long DBT CORP US N 2 2026-08-15 Fixed 1 N N N N Y Wayfair Inc USD XXXX N N N HLEND SENIOR NOTES DUE 3/15/2028 / N/A 952JRDII2 3500000 PA USD 3500000 0.8715560460 Long DBT CORP US Y 3 2028-03-15 Fixed 8.17 N N N N N N SILVERVIEW CREDIT OP ONSHORE FUND LP / N/A 966LHXII8 35000 OU Other Units USD 1506207.85 0.3750698738 Long PF US Y N/A N N N MSD REAL ESTATE CREDIT OPPS FD / N/A 966RVUII5 30000 OU Other Units USD 3645632.97 0.9078209875 Long PF US Y N/A N N N ABPCI Direct Lending Fund ABS N/A 00090NAG5 2746993.7210 PA USD 2733286.22 0.6806320372 Long ABS-O CORP US Y 2 2032-03-01 Fixed 8.2365 N N N N N N ABPCI Direct Lending Fund ABS N/A 00090TAA5 197071.3630 PA USD 195072.67 0.0485762186 Long ABS-O CORP US Y 2 2030-12-29 Fixed 3.1990 N N N N N N ABPCI Direct Lending Fund ABS N/A 00090TAC1 1990983.83 PA USD 1969216.40 0.4903664169 Long ABS-O CORP US Y 2 2030-12-29 Fixed 4.9350 N N N N N N LG Corp N/A 999999999 41039 NS 2299015.86 0.5724917636 Long EC CORP KR N 1 N N N AIR CANADA 2020-1C PTT N/A 008911BD0 1500000 PA USD 1544015.70 0.3844846338 Long DBT CORP CA Y 2 2026-07-15 Fixed 10.50 N N N N N N ALTABA, Inc. ESCROW SHS ORD REG / N/A 021ESC017 142220 NS USD 163553 0.0407273160 Long EC CORP US Y 3 N N N Samsung C&T Corp 988400GFRE4IDFPE9E64 999999999 20794 NS 3457126.10 0.8608797583 Long EC CORP KR N 1 N N N Barings Middle Market CLO Ltd. 549300NSFWDKJE15UK02 06761EAA3 1040000 PA USD 1041054.56 0.2592392560 Long ABS-CBDO CORP KY Y 2 2033-07-20 Floating 12.796050 N N N N N N Swire Pacific Ltd 549300KZOZHII0DGF611 Y83310105 60408 NS 486666.79 0.1211878238 Long EC CORP HK N 1 N N N Coinstar Funding, LLC N/A 19260MAA4 2803560 PA USD 3190386.24 0.7944572618 Long ABS-O CORP US Y 2 2047-04-25 Fixed 5.2160 N N N N N N Diamond Infrastructure Funding N/A 25265LAE0 384000 PA USD 372681.98 0.0928037808 Long ABS-O CORP US Y 2 2049-04-15 Fixed 3.4750 N N N N N N Diamond Issuer LLC N/A 25267TAS0 1000000 PA USD 959681 0.2389759365 Long ABS-O CORP US Y 2 2051-11-20 Fixed 3.7870 N N N N N N ECHOSTAR CORP 549300EE20907QZ9GT38 278768AB2 846895 PA USD 2828629.30 0.7043739909 Long DBT CORP US N 2 2030-11-30 Fixed 3.8750 N N N N Y EchoStar Corp USD XXXX N N N Elm Trust N/A 28924AAC5 72067.4470 PA USD 71948.82 0.0179164083 Long ABS-O CORP US Y 2 2029-10-20 Fixed 3.8660 N N N N N N Elm Trust N/A 289338AB1 1052.1550 PA USD 1050.80 0.0002616660 Long ABS-O CORP US Y 2 2029-08-20 Fixed 2.9540 N N N N N N Elm Trust N/A 289338AC9 2882.6350 PA USD 2878.82 0.0007168723 Long ABS-O CORP US Y 2 2029-08-20 Fixed 4.4810 N N N N N N FIVE POINT OPERATING CO N/A 33834YAC2 100000 PA USD 104000 0.0258976654 Long DBT CORP US Y 2 2030-10-01 Fixed 8 N N N N N N Holcim AG 529900EHPFPYHV6IQO98 999999999 23170 NS 2274585.53 0.5664082202 Long EC CORP CH N 1 N N N ICON PLC 6354008SRQGEMC4XFI67 G4705A100 8224 NS USD 1498577.28 0.3731697396 Long EC CORP IE N 1 N N N IFF BZLRL03D3GPGMOGFO832 459506101 87852 NS USD 5920346.28 1.4742610270 Long EC CORP US N 1 N N N IMCD NV 724500NSJPNFJPDAUP02 999999999 18125 NS 1647417.44 0.4102333229 Long EC CORP NL N 1 N N N JDE Peet's NV 724500EHG519SE5ZRT89 999999999 167093 NS 6256414.36 1.5579473604 Long EC CORP NL N 1 N N N Marriott International Inc/MD 225YDZ14ZO8E1TXUSU86 571903202 6731 NS USD 2088225.44 0.5200015736 Long EC CORP US N 1 N N N Mcdermott International Ltd 54930004RAXI4B3L4752 G5924V148 84957 NS USD 1274355 0.3173348014 Long EC CORP US Y 3 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 30303M102 10387 NS USD 6856354.83 1.7073421444 Long EC CORP US N 1 N N N Magnum Ice Cream Co NV/The 25490052LLF3XH6G9847 N5505D105 14890 NS USD 236006.50 0.0587693977 Long EC CORP NL N 1 N N N Magnum Ice Cream Co NV/The 25490052LLF3XH6G9847 999999999 4246 NS 67390.01 0.0167811916 Long EC CORP NL N 1 N N N Magnum Ice Cream Co NV/The 25490052LLF3XH6G9847 999999999 54585 NS 873462.64 0.2175061842 Long EC CORP NL N 1 N N N MSILF Treasury Portfolio 549300D1XR6GP7EZ0T47 61747C582 1676885.45 PA USD 1676885.45 0.4175713292 Long STIV RF US N 1 N N N MARIADB PLC N/A G5920M118 24015 NC USD 0 0.0000000000 N/A DE CORP US N 3 New York N/A Call Purchased MARIADB PLC ORD SHS MARIADB PLC ORD SHS 1 11.500000000000 USD 2027-12-16 XXXX -13715.90 N N N Merck KGaA 529900OAREIS0MOPTW25 999999999 12774 NS 1840512.87 0.4583171770 Long EC CORP DE N 1 N N N MRP Evergreen LP / N/A 999999999 3900000 OU Other Units USD 3900000 0.9711624512 Long PF US Y N/A N N N Vail Resorts Inc 529900PSZHRNU9HKH870 91879Q109 19000 NS USD 2523200 0.6283172043 Long EC CORP US N 1 N N N NOV Inc 549300EHF3IW1AR6U008 62955J103 142889 NS USD 2233355.07 0.5561411754 Long EC CORP US N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 N6596X109 13587 NS USD 2949194.22 0.7343965866 Long EC CORP NL N 1 N N N OCREDIT BDC SENIOR NOTE DDTL / N/A 999999999 552000 PA USD 552000 0.1374568392 Long LON CORP US Y 3 2029-03-07 Fixed 7.77 N N N N N N One Camelback Loan BANK DEBT 06/03/2027 / N/A 999999999 2050000 PA USD 2050000 0.5104828269 Long LON CORP US Y 3 2027-06-03 Variable 7.50 N N N N N N PG&E Corp 8YQ2GSDWYZXO2EDN3511 69331C108 9047 NS USD 145385.29 0.0362032653 Long EC CORP US N 1 N N N PHI Group Inc/DE 5493002853B5XXHLIP12 69360B104 84452 NS USD 2702464 0.6729568109 Long EC CORP US Y 3 N N N Prosus NV 635400Z5LQ5F9OLVT688 999999999 86481 NS 5371395.99 1.3375636144 Long EC CORP NL N 1 N N N LEALAND REFICAR TERM LOAN / N/A 999999999 34059.67 PA USD 29972.51 0.0074636349 Long LON CORP US Y 3 2027-06-30 Variable 11.433550 N N N N N N Sodexo SA 969500LCBOG12HXPYM84 999999999 15873 NS 815195.79 0.2029968055 Long EC CORP FR N 1 N N N TE Connectivity PLC 894500ZRIX9K13RHXR17 H84989104 32226 NS USD 7331737.26 1.8257199818 Long EC CORP IE N 1 N N N TIOGA PARTNERS IV LP / N/A 999999999 14000000 OU Other Units USD 13798546.36 3.4360590016 Long PF US Y N/A N N N Thermo Fisher Scientific Inc HCHV7422L5HDJZCRFL38 883556102 3752 NS USD 2174096.40 0.5413848177 Long EC CORP US N 1 N N N 2026-01-12 SOURCE CAPITAL /DE/ /s/ Maureen Quill Maureen Quill President