DOSSIER · 13F-HR · Q2 2026

ABSOLUTE INVESTMENT ADVISERS, LLC

$1.0B in tracked AUM across 112 positions as of Q2 2026.

AI
CIK 0001316187 · last filed Jun 30, 2026
Total AUM
$1.0B
as of Q2 2026
Holdings
112
positions
Whale Score
61
61
tracked
Activity
no data
changes this Q
AI Analysis · Q2 2026

This manager runs one of the more distinctive books in this queue — 122 positions, almost entirely corporate bonds, with the credit selection concentrated in mid-cap industrial and technology names. McEwen Mining (a 5.25%-coupon gold miner bond) was the single largest new commitment this quarter, while Applied Optoelectronics was sold at a 22% discount and Upwork credit was trimmed. What the rotation reveals about how this manager thinks about credit quality and sector risk.

The Credit Construction: Diverse Issuers, Disciplined Structure

The portfolio's top bond positions — Granite Construction ($24.7M, 3.25% 2030), MKS Instruments ($20.2M, 1.25% 2030), Patrick Industries ($18.9M, 1.75% 2028), OSI Systems ($18.4M, 2.25% 2029), Tetra Tech ($18.4M, 2.25% 2028), Halozyme Therapeutics ($18.0M, 1% 2028), Century Aluminum ($17.7M, 2.75% 2028), Fluor ($17.1M, 1.125% 2029), Greenbrier Companies ($15.9M, 2.875% 2028), and Akamai Technologies ($15.8M, 1.125% 2029) — read as a carefully distributed credit portfolio with no single issuer exceeding 3% of the book. The managers have selected names across environmental services (Tetra Tech, Granite, Fluor), specialty manufacturing (MKS, OSI, Greenbrier), aluminum (Century), software and digital infrastructure (Akamai, Nutanix, Datadog, Applied Optoelectronics, Alkami, Bandwidth, PagerDuty), defense and aerospace (Parsons), healthcare (Halozyme, Lantheus, Pacira Biosciences, Livanova, Alpha-Tec), and specialty chemicals (Spectrum Brands).

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
MKSI 1.25 06/01/30
MKS INC.
$36M12.3M3.5%
02
GVA 3.25 06/15/30
GRANITE CONSTR INC
$31M15.0M3.0%
03
AAOI 2.75 01/15/30
APPLIED OPTOELECTRONICS INC
$25M7.0M2.4%
04
SMTC 1.625 11/01/27
SEMTECH CORP
$24M5.5M2.3%
05
HALO 1 08/15/28
HALOZYME THERAPEUTICS INC
$20M14.0M2.0%
06
ETSY 1 06/15/30
ETSY INC
$20M17.2M1.9%
07
FLR 1.125 08/15/29
FLUOR CORP
$20M14.9M1.9%
08
ITGR 1.875 03/15/30
INTEGER HLDGS CORP
$19M20.0M1.9%
09
ATEN 2.75 04/01/30
A10 NETWORKS INC
$19M11.0M1.8%
10
TTEK 2.25 08/15/28
TETRA TECH INC NEW
$18M17.2M1.8%

Filing history

2026Q2Jun 30
$1.0B 21.4%
112 positionsView →
2026Q1Mar 31
$852M 2.9%
122 positionsView →
2025Q4Dec 31
$877M 12.8%
121 positionsView →
2025Q3Sep 30
$778M 3.8%
99 positionsView →
2025Q2Jun 30
$808M 22.5%
115 positionsLocked
2025Q1Mar 31
$660M 15.1%
105 positionsLocked
2024Q4Dec 31
$777M 6.2%
121 positionsLocked
2024Q3Sep 30
$732M 8.6%
121 positionsLocked
2024Q2Jun 30
$674M 8.0%
115 positionsLocked
2024Q1Mar 31
$733M 6.9%
125 positionsLocked
2023Q4Dec 31
$685M 2.0%
86 positionsLocked
2023Q3Sep 30
$699M 1.8%
90 positionsLocked
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