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Portfolio (Quarterly) Guide ↗

Wellesley Asset Management

· CIK 0001533551
13F Portfolio $672M AUM 54 positions Filed Feb 6, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 11 New 10 Added 31 Reduced 13 Exited
Page 2 of 2  ·  31 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 SPB US 9,000,000.0 $8.5M 1.27% -12.1M -57.4% $0.95
22 LNT US 6,479,000.0 $6.8M 1.01% -7.2M -52.6% $1.05
23 WKC US 4,272,000.0 $4.6M 0.68% -220K -4.9% $1.07
24 BMRN US 4,000,000.0 $3.8M 0.57% -23.0M -85.2% $0.96
25 FLR US 3,150,000.0 $3.7M 0.55% -1.6M -33.4% $1.17
26 WEC US 3,000,000.0 $3.4M 0.51% -500K -14.3% $1.14
27 CSWC US 3,430,000.0 $3.4M 0.51% -15.0M -81.4% $0.99
28 ORA US 2,464,000.0 $3.4M 0.50% -3.9M -61.2% $1.37
29 CNP US 1,377,000.0 $1.5M 0.23% -2.7M -65.9% $1.10
30 CSGS US 970,000.0 $1.1M 0.17% -4.2M -81.2% $1.18
31 CMS US 949,000.0 $1.0M 0.15% -1.6M -62.6% $1.07
Page 2 of 2  ·  31 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.