Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
29 Août 2023 - 6:20PM
Edgar (US Regulatory)
Bancroft
Fund
Ltd.
Schedule
of
Investments
—
June
30,
2023
(Unaudited)
Principal
Amount
Market
Value
CONVERTIBLE
CORPORATE
BONDS
—
90.7%
Airlines
—
2.7%
$
1,465,000
JetBlue
Airways
Corp.,
0.500%,
04/01/26
...............
$
1,210,462
2,360,000
Southwest
Airlines
Co.,
1.250%,
05/01/25
...............
2,714,590
3,925,052
Automotive:
Parts
and
Accessories
—
0.8%
1,000,000
Rivian
Automotive
Inc.,
4.625%,
03/15/29(a)
.............
1,098,688
Business
Services
—
5.2%
3,000,000
2U
Inc.,
2.250%,
05/01/25
...............
1,977,000
2,000,000
BigBear.ai
Holdings
Inc.,
6.000%,
12/15/26(a)
.............
1,406,959
2,500,000
Perficient
Inc.,
0.125%,
11/15/26
...............
2,062,719
2,000,000
Shift4
Payments
Inc.,
Zero
Coupon,
12/15/25
...........
2,182,000
7,628,678
Communications
Equipment
—
5.6%
3,000,000
InterDigital
Inc.,
3.500%,
06/01/27
...............
4,059,258
2,000,000
Kaleyra
Inc.,
6.125%,
06/01/26(a)
.............
1,956,447
Lumentum
Holdings
Inc.
2,000,000
0.500%,
12/15/26
...............
1,774,752
395,000
1.500%,
12/15/29(a)
.............
410,405
8,200,862
Computer
Software
and
Services
—
15.4%
2,000,000
3D
Systems
Corp.,
Zero
Coupon,
11/15/26
...........
1,521,250
1,700,000
Akamai
Technologies
Inc.,
0.375%,
09/01/27
...............
1,650,258
3,000,000
Bandwidth
Inc.,
0.250%,
03/01/26
...............
2,374,239
1,915,000
Edgio
Inc.,
3.500%,
08/01/25
...............
1,621,598
2,605,000
i3
Verticals
LLC,
1.000%,
02/15/25
...............
2,407,997
1,750,000
Match
Group
Financeco
3
Inc.,
2.000%,
01/15/30(a)
.............
1,579,329
2,250,000
PAR
Technology
Corp.,
2.875%,
04/15/26
...............
2,406,657
3,090,000
Progress
Software
Corp.,
1.000%,
04/15/26
...............
3,399,000
1,805,000
PROS
Holdings
Inc.,
2.250%,
09/15/27
...............
1,814,025
Principal
Amount
Market
Value
$
3,156,000
Veritone
Inc.,
1.750%,
11/15/26
...............
$
2,066,976
1,150,000
Workiva
Inc.,
1.125%,
08/15/26
...............
1,621,320
22,462,649
Consumer
Products
—
0.8%
1,150,000
Post
Holdings
Inc.,
2.500%,
08/15/27(a)
.............
1,165,180
Consumer
Services
—
4.9%
Marriott
Vacations
Worldwide
Corp.
700,000
Zero
Coupon,
01/15/26
...........
652,050
1,350,000
3.250%,
12/15/27(a)
.............
1,281,150
NCL
Corp.
Ltd.
660,000
5.375%,
08/01/25
...............
907,500
623,000
1.125%,
02/15/27
...............
577,247
600,000
Royal
Caribbean
Cruises
Ltd.,
6.000%,
08/15/25(a)
.............
1,321,800
2,530,000
Stride
Inc.,
1.125%,
09/01/27
...............
2,431,917
7,171,664
Diversified
Industrial
—
0.9%
450,000
Chart
Industries
Inc.,
1.000%,
11/15/24
...............
1,235,925
Energy
and
Utilities
—
14.5%
1,500,000
Alliant
Energy
Corp.,
3.875%,
03/15/26(a)
.............
1,497,000
2,938,000
Array
Technologies
Inc.,
1.000%,
12/01/28
...............
3,368,417
700,000
Bloom
Energy
Corp.,
3.000%,
06/01/28(a)
.............
798,992
2,000,000
CMS
Energy
Corp.,
3.375%,
05/01/28(a)
.............
1,977,000
2,000,000
Duke
Energy
Corp.,
4.125%,
04/15/26(a)
.............
1,958,000
850,000
Nabors
Industries
Inc.,
1.750%,
06/15/29(a)
.............
640,475
1,750,000
NextEra
Energy
Partners
LP,
2.500%,
06/15/26(a)
.............
1,575,866
2,000,000
Northern
Oil
and
Gas
Inc.,
3.625%,
04/15/29(a)
.............
2,240,443
1,250,000
Ormat
Technologies
Inc.,
2.500%,
07/15/27(a)
.............
1,355,625
900,000
PPL
Capital
Funding
Inc.,
2.875%,
03/15/28(a)
.............
864,000
1,500,000
Stem
Inc.,
4.250%,
04/01/30(a)
.............
1,508,250
1,900,000
Sunnova
Energy
International
Inc.,
2.625%,
02/15/28(a)
.............
1,560,169
Bancroft
Fund
Ltd.
Schedule
of
Investments
(Continued)
—
June
30,
2023
(Unaudited)
Principal
Amount
Market
Value
CONVERTIBLE
CORPORATE
BONDS
(Continued)
Energy
and
Utilities
(Continued)
$
1,800,000
The
Southern
Co.,
3.875%,
12/15/25(a)
.............
$
1,804,500
21,148,737
Entertainment
—
4.5%
DISH
Network
Corp.
2,500,000
Zero
Coupon,
12/15/25
...........
1,334,500
2,000,000
3.375%,
08/15/26
...............
1,025,000
1,810,000
fuboTV
Inc.,
3.250%,
02/15/26
...............
1,046,327
1,815,000
Liberty
Media
Corp.-Liberty
Formula
One,
2.250%,
08/15/27(a)
.............
1,958,385
1,050,000
Live
Nation
Entertainment
Inc.,
3.125%,
01/15/29(a)
.............
1,159,725
6,523,937
Financial
Services
—
5.1%
1,500,000
Bread
Financial
Holdings
Inc.,
4.250%,
06/15/28(a)
.............
1,541,582
900,000
Envestnet
Inc.,
2.625%,
12/01/27(a)
.............
948,600
2,000,000
HCI
Group
Inc.,
4.750%,
06/01/42
...............
1,977,000
1,800,000
LendingTree
Inc.,
0.500%,
07/15/25
...............
1,404,000
2,000,000
SoFi
Technologies
Inc.,
Zero
Coupon,
10/15/26(a)
.........
1,554,000
7,425,182
Food
and
Beverage
—
1.5%
500,000
Freshpet
Inc.,
3.000%,
04/01/28(a)
.............
591,625
1,500,000
The
Chefs'
Warehouse
Inc.,
2.375%,
12/15/28(a)
.............
1,581,099
2,172,724
Health
Care
—
11.6%
2,165,000
Coherus
Biosciences
Inc.,
1.500%,
04/15/26
...............
1,347,713
2,125,000
CONMED
Corp.,
2.250%,
06/15/27
...............
2,382,125
Cutera
Inc.
1,000,000
2.250%,
03/15/26
...............
843,660
1,750,000
2.250%,
06/01/28
...............
1,096,094
1,040,000
4.000%,
06/01/29(a)
.............
657,280
Exact
Sciences
Corp.
1,000,000
0.375%,
03/01/28
...............
1,028,176
1,000,000
2.000%,
03/01/30(a)
.............
1,385,500
2,200,000
Halozyme
Therapeutics
Inc.,
1.000%,
08/15/28(a)
.............
2,013,000
1,500,000
Insulet
Corp.,
0.375%,
09/01/26
...............
2,067,750
Principal
Amount
Market
Value
$
235,000
Integer
Holdings
Corp.,
2.125%,
02/15/28(a)
.............
$
278,005
940,000
Invacare
Corp.,
Escrow,
Zero
Coupon,
05/08/28
...........
0
2,270,000
PetIQ
Inc.,
4.000%,
06/01/26
...............
2,102,531
1,500,000
TransMedics
Group
Inc.,
1.500%,
06/01/28(a)
.............
1,714,547
16,916,381
Materials
—
0.1%
312,000
Danimer
Scientific
Inc.,
3.250%,
12/15/26(a)
.............
130,666
Real
Estate
Investment
Trusts
—
3.7%
1,500,000
Arbor
Realty
Trust
Inc.,
7.500%,
08/01/25(a)
.............
1,501,500
350,000
Braemar
Hotels
&
Resorts
Inc.,
4.500%,
06/01/26
...............
322,669
1,500,000
Pebblebrook
Hotel
Trust,
1.750%,
12/15/26
...............
1,273,687
1,000,000
Redwood
Trust
Inc.,
7.750%,
06/15/27
...............
846,250
1,710,000
Summit
Hotel
Properties
Inc.,
1.500%,
02/15/26
...............
1,461,086
5,405,192
Security
Software
—
3.7%
1,495,000
Cardlytics
Inc.,
1.000%,
09/15/25
...............
842,881
3,090,000
Verint
Systems
Inc.,
0.250%,
04/15/26
...............
2,738,513
1,475,000
Zscaler
Inc.,
0.125%,
07/01/25
...............
1,726,487
5,307,881
Semiconductors
—
7.3%
2,500,000
Impinj
Inc.,
1.125%,
05/15/27
...............
2,715,636
1,500,000
indie
Semiconductor
Inc.,
4.500%,
11/15/27(a)
.............
1,998,000
1,050,000
ON
Semiconductor
Corp.,
0.500%,
03/01/29(a)
.............
1,191,057
2,500,000
Semtech
Corp.,
1.625%,
11/01/27(a)
.............
2,338,750
3,125,000
Wolfspeed
Inc.,
1.875%,
12/01/29(a)
.............
2,425,000
10,668,443
Telecommunications
—
2.4%
2,020,000
8x8
Inc.,
0.500%,
02/01/24
...............
1,928,978
Infinera
Corp.
1,250,000
2.500%,
03/01/27
...............
1,161,894
Bancroft
Fund
Ltd.
Schedule
of
Investments
(Continued)
—
June
30,
2023
(Unaudited)
Principal
Amount
Market
Value
CONVERTIBLE
CORPORATE
BONDS
(Continued)
Telecommunications
(Continued)
$
325,000
3.750%,
08/01/28(a)
.............
$
325,487
3,416,359
TOTAL
CONVERTIBLE
CORPORATE
BONDS
....................
132,004,200
Shares
CONVERTIBLE
PREFERRED
STOCKS
—
0.5%
Business
Services
—
0.0%
809,253
Amerivon
Holdings
LLC,
4.000%(b)
....................
0
272,728
Amerivon
Holdings
LLC,
common
equity
units
(b)
..........................
3
3
Health
Care
—
0.5%
28,911
Invacare
Holdings
Corp.,
Ser.
A,
9.000%
......................
722,780
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
...................
722,783
MANDATORY
CONVERTIBLE
SECURITIES(c)
—
4.4%
Diversified
Industrial
—
1.7%
38,000
Chart
Industries
Inc.,
Ser.
B,
6.750%,
12/15/25
...............
2,475,320
Energy
and
Utilities
—
1.8%
NextEra
Energy
Inc.
24,860
6.219%,
09/01/23
...............
1,218,886
30,000
6.926%,
09/01/25
...............
1,358,700
2,577,586
Financial
Services
—
0.9%
32,000
New
York
Community
Capital
Trust
V,
6.000%,
11/01/51
...............
1,294,400
TOTAL
MANDATORY
CONVERTIBLE
SECURITIES
................
6,347,306
COMMON
STOCKS
—
0.0%
Health
Care
—
0.0%
12,938
Invacare
Holdings
Corp.†
............
0
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
—
4.4%
$
6,480,000
U.S.
Treasury
Bills,
5.148%
to
5.313%††,
08/31/23
to
09/14/23
......................
$
6,414,061
TOTAL
INVESTMENTS
—
100.0%
....
(Cost
$150,629,965)
.............
$
145,488,350
(a)
Securities
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
(b)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(c)
Mandatory
convertible
securities
are
required
to
be
converted
on
the
dates
listed;
they
generally
may
be
converted
prior
to
these
dates
at
the
option
of
the
holder.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
Bancroft (AMEX:BCV-A)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Bancroft (AMEX:BCV-A)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024
