Abc Arbitrage SA

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Abc Arbitrage SA reported 325 stock positions worth $751.9 million. Its top holding was Vodafone Group PLC-SP ADR (VOD) at 6.6% of the portfolio, followed by Diageo PLC-Sponsored ADR (DEO, 5.0%) and Shell PLC-ADR (SHEL, 4.9%). Compared with Q4 2025, it opened 166 new positions, sold out of 146, added to 27 and reduced 47. The biggest buy was BP PLC-Spons ADR (BP, shares +82%) and the biggest sale an exit from Barclays PLC-Spons ADR (BCS).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002049221
Portfolio Value
$751.9M (Q1 2026)
SEC Filing
0000945621-26-000623 ↗ filed May 4, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q4 2024: $697.3M Q4 2024 Q1 2025: $538.1M Q1 2025 Q2 2025: $875.2M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $751.9M $751.9M Q1 2026 Q2 2026: $925.7M Q2 2026

Holdings 325 stocks · $751.9M
VOD Vodafone Group PLC-SP ADR 6.65% 3,326,511 $50.0M Add +3.1%
DEO Diageo PLC-Sponsored ADR 5.02% 506,836 $37.7M Reduce -9.6%
SHEL Shell PLC-ADR 4.93% 398,523 $37.1M Add +23.8%
BP BP PLC-Spons ADR 4.23% 676,595 $31.8M Add +82.4%
NGG National Grid PLC-SP ADR 4.00% 355,114 $30.0M Add +13.7%
GSK GSK PLC-Spon ADR 3.98% 541,753 $29.9M Reduce -6.3%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 3.50% 2,333,866 $26.3M Reduce -46.8%
RIO Rio Tinto PLC-Spon ADR 3.47% 279,807 $26.1M Reduce -17.4%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 3.11% 283,097 $23.4M Reduce -21.4%
BTI British American Tob-SP ADR 3.04% 390,728 $22.8M Reduce -57.5%
NWG Natwest Group PLC -Spon ADR 2.56% 1,291,096 $19.2M Reduce -9.4%
IHG Intercontinental Hotels-ADR 2.38% 134,259 $17.9M Add +31.0%
AEG Aegon Ltd.-NY Reg SHR 2.03% 2,107,085 $15.3M Add +0.5%
CX Cemex Sab-Spons ADR Part Cer 1.79% 1,173,473 $13.4M New
HMY Harmony Gold MNG-Spon ADR 1.52% 741,545 $11.4M Reduce -70.2%
AMX America Movil Sab DE CV 1.41% 416,914 $10.6M Add +316.3%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 1.30% 7,406 $9.8M New
SNN Smith & Nephew PLC -Spon ADR 1.23% 290,681 $9.2M Reduce -61.6%
LEN Lennar Corp. Class A 1.15% 99,992 $8.7M Add +271.7%
UDR Udr Inc. 0.88% 196,161 $6.6M New
SEMR Semrush Holdings Inc. Class A 0.84% 530,423 $6.3M Add +8.1%
UAL United Airlines Holdings Inc. 0.84% 68,240 $6.3M New
CSGS CSG Systems Intl Inc. 0.80% 75,205 $6.0M Reduce -10.0%
STEL Stellar Bancorp Inc. 0.78% 159,824 $5.9M New
FOLD Amicus Therapeutics Inc. 0.78% 403,460 $5.8M Reduce -14.7%
HTBK Heritage Commerce Corp. 0.77% 466,416 $5.8M Reduce -19.7%
FFWM First Foundation Inc. 0.76% 964,315 $5.7M Reduce -11.3%
TPH Tri Pointe Homes Inc. 0.75% 119,891 $5.6M New
LNKB Linkbancorp Inc. 0.73% 656,312 $5.5M Add +398.8%
NATH Nathan's Famous Inc. 0.72% 53,957 $5.4M New
DBRG Digitalbridge Group Inc. 0.71% 346,012 $5.3M Reduce -21.0%
RYAAY Ryanair Holdings PLC-SP ADR 0.70% 91,253 $5.3M Add +136.9%
DAWN Day One Biopharmaceuticals I 0.65% 228,817 $4.9M New
HLN Haleon PLC-ADR 0.64% 477,377 $4.8M Reduce -82.9%
BUD Anheuser-Busch Inbev-SPN ADR 0.63% 68,716 $4.8M Reduce -17.3%
WTRG Essential Utilities Inc. 0.61% 113,982 $4.6M Reduce -28.9%
CVX Chevron Corp. 0.60% 21,983 $4.5M Add +723.3%
SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC 0.58% 266,156 $4.4M New
RTO Rentokil Initial PLC-SP ADR 0.58% 139,538 $4.4M Reduce -62.3%
PEN Penumbra Inc. 0.56% 12,877 $4.2M New
MASI Masimo Corp. 0.56% 23,604 $4.2M New
PRA Proassurance Corp. 0.56% 169,272 $4.2M Reduce -38.0%
TXNM TXNM Energy Inc. 0.55% 70,642 $4.1M Reduce -15.9%
NSA National Storage Affiliates 0.54% 108,503 $4.1M New
NIO Nio Inc. - ADR 0.54% 670,417 $4.0M New
ADP Automatic Data Processing 0.52% 19,124 $3.9M New
MT Arcelormittal-NY Registered 0.51% 73,471 $3.8M New
AVB Avalonbay Communities Inc. 0.50% 22,924 $3.7M Add +1310.7%
FFIC Flushing Financial Corp. 0.47% 227,855 $3.5M Add +704.0%
ACLX Arcellx Inc. 0.46% 30,347 $3.5M New
TRV The Travelers Cos Inc. 0.46% 11,740 $3.4M Add +969.2%
TERN Terns Pharmaceuticals Inc. 0.45% 64,303 $3.4M New
GTLS Chart Industries Inc. 0.45% 16,251 $3.4M Reduce -0.6%
APLS Apellis Pharmaceuticals Inc. 0.45% 83,317 $3.4M New
STKL Sunopta Inc. 0.41% 480,024 $3.1M New
LRCX Lam Research Corp. 0.41% 14,469 $3.1M New
CVGW Calavo Growers Inc. 0.40% 116,031 $3.0M New
PSO Pearson PLC-Sponsored ADR 0.39% 225,000 $3.0M Reduce -37.1%
OKE Oneok Inc. 0.38% 31,389 $2.8M Add +59.8%
SNPS Synopsys Inc. 0.37% 7,032 $2.8M New
AMT American Tower Corp. 0.36% 15,579 $2.7M Add +41.3%
BLFY Blue Foundry Bancorp 0.35% 200,781 $2.7M No change
RF Regions Financial Corp. 0.35% 99,619 $2.6M New
HD Home Depot Inc. 0.33% 7,558 $2.5M Add +9.6%
IMXI International Money Express 0.33% 156,705 $2.5M Reduce -12.7%
WMB Williams Cos Inc. 0.32% 33,162 $2.4M Reduce -4.8%
SAP Sap SE-Sponsored ADR 0.31% 13,467 $2.3M New
EQT Eqt Corp. 0.30% 35,417 $2.3M Reduce -45.9%
CWEN.A Clearway Energy Inc. Class A 0.30% 57,194 $2.2M New
DHR Danaher Corp. 0.28% 11,300 $2.1M New
KOF Coca-Cola Femsa Sab-SP ADR 0.28% 21,611 $2.1M Add +108.1%
MET Metlife Inc. 0.27% 28,991 $2.1M Add +924.1%
TALK Talkspace Inc. 0.27% 388,144 $2.0M New
ONTF ON24 Inc. 0.27% 247,396 $2.0M New
HEI Heico Corp. 0.27% 7,276 $2.0M New
REG Regency Centers Corp. 0.26% 26,326 $2.0M New
CUK Carnival PLC-ADR 0.24% 71,074 $1.8M Reduce -93.0%
V Visa Inc. Class A 0.24% 5,979 $1.8M New
Z Zillow Group Inc. Class C 0.23% 41,830 $1.7M Reduce -15.7%
MLM Martin Marietta Materials 0.23% 2,935 $1.7M New
SLB SLB Ltd. filed as SLB LIMITED 0.22% 31,651 $1.6M New
WDC Western Digital Corp. 0.21% 5,722 $1.5M New
AEE Ameren Corporation 0.20% 13,437 $1.5M New
MUFG Mitsubishi Ufj Finl-Spon ADR 0.19% 85,154 $1.4M Add +234.7%
DRD Drdgold Ltd.-Sponsored ADR 0.19% 47,983 $1.4M Reduce -62.2%
PBR.A Petroleo Brasil-SP Pref ADR 0.18% 71,849 $1.3M New
ASX Ase Technology Holding -ADR 0.17% 60,348 $1.3M New
GOOGL Alphabet Inc. Class A 0.17% 4,494 $1.3M New
EVO Evotec SE - Spon ADR 0.17% 509,050 $1.3M Reduce -8.2%
MAA Mid-America Apartment Comm 0.16% 9,805 $1.2M Reduce -45.3%
WEC WEC Energy Group Inc. 0.15% 9,846 $1.1M New
ARGX Argenx SE - ADR 0.15% 1,554 $1.1M New
THR Thermon Group Holdings Inc. 0.15% 21,895 $1.1M New
VECO Veeco Instruments Inc. 0.14% 31,518 $1.1M Reduce -2.0%
HBAN Huntington Bancshares Inc. 0.14% 64,975 $1.0M New
MRSH Marsh & McLennan Cos 0.13% 5,613 $974K Reduce -57.4%
UDMY Udemy Inc. 0.13% 205,352 $949K Add +26.9%
YUMC Yum China Holdings Inc. 0.12% 18,822 $918K New
UAA Under Armour Inc. Class A 0.12% 153,452 $907K Add +48.6%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.12% 26,559 $885K Reduce -81.6%
PKST Peakstone Realty Trust 0.12% 41,862 $874K New
AMWD American Woodmark Corp. 0.10% 18,378 $732K Add +19.5%
E Eni SPA-Sponsored ADR 0.09% 12,207 $691K New
TWO Two Harbors Investment Corp. 0.08% 51,454 $588K Reduce -47.7%
MCO Moody's Corp. 0.07% 1,249 $545K New
VRTX Vertex Pharmaceuticals Inc. 0.07% 1,215 $543K New
MFG Mizuho Financial Group-ADR 0.07% 67,361 $535K New
L Loews Corp. 0.06% 4,554 $486K Reduce -69.4%
HSY The Hershey Co. 0.06% 2,239 $465K New
IR Ingersoll-Rand Inc. 0.06% 5,785 $463K New
MPX Marine Products Corp. 0.06% 62,067 $451K New
KC Kingsoft Cloud Holdings-ADR 0.06% 33,119 $442K New
MCK McKesson Corp. 0.06% 491 $425K New
MNST Monster Beverage Corp. 0.06% 5,812 $421K New
CHD Church & Dwight Co. Inc. 0.06% 4,458 $416K Reduce -21.3%
SAAQU Space Asset Acquisition Corp. 0.05% 40,000 $408K New
CLBR.U Colombier Acqstn Corp. III 0.05% 40,000 $407K New
WENN Wen Acquisition Corp. Class A 0.05% 40,000 $407K No change
SSEA Starry Sea Acquisition Corp. 0.05% 40,000 $406K No change
CEPS Cantor Equity Partners Vi -A 0.05% 40,000 $404K New
WLIIU Willow Lane Acquisition Corp. 0.05% 40,000 $404K New
EVAC Eqv Ventures Acquisition C-A 0.05% 40,000 $404K No change
YCY Aa Mission Acquisition-A 0.05% 40,000 $403K No change
KBON Karbon Capital Partners Class A 0.05% 40,000 $402K No change
OTGA Otg Acquisition Corp. I Class A 0.05% 40,000 $402K No change
GIXXU GIGCAPITAL9 Corp. 0.05% 40,000 $402K New
EMIS Emmis Acquisition Corp. Class A 0.05% 40,000 $402K No change
KOYN CSLM Digital Asset Acqu - A 0.05% 40,000 $402K No change
HACQU HCM IV Acquisition Corp. 0.05% 40,000 $401K New
KRAQU Krakacquisition Corp. 0.05% 40,000 $400K New
PAACU Proem Acquisition Corp. I 0.05% 40,000 $400K New
ARCIU Archimedes Tech Spac Partner 0.05% 40,000 $400K New
ACAAU Averin Capital Acquisition C 0.05% 40,000 $400K New
HCICU Hennessy Capital Investment 0.05% 40,000 $400K New
IEAG Infinite Eagle Class-A 0.05% 40,000 $400K New
PALOU Paloma Acquisition Corp. I 0.05% 40,000 $399K New
LEGO.U Legato Merger Corp. IV 0.05% 40,000 $399K New
DMII Drugs Made in America Acquis 0.05% 40,000 $399K No change
GIW GIGCAPITAL8 Corp. Class A 0.05% 40,000 $399K No change
AACIU Armada Acquisition Corp. III 0.05% 40,000 $398K New
CAQUU Cambridge Acquisition Corp. 0.05% 40,000 $398K New
OIM Oneim Acquisition Class-A 0.05% 40,000 $398K New
SAC Safeguard Acquisition C Class A 0.05% 40,000 $398K No change
ALOVU Aldabra 4 Liquidity Opportun 0.05% 40,000 $398K New
AACOU Abony Acquisition Corp. I 0.05% 40,000 $398K New
XCBEU X3 Acquisition Corp. Ltd. 0.05% 40,000 $398K New
MLAAU Mountain Lake Acquisition Co. 0.05% 40,000 $397K New
MUZEU Muzero Acquisition Corp. 0.05% 40,000 $397K New
LFAC Leapfrog Acquisition Class A 0.05% 40,000 $397K No change
BIXI Bitcoin Infrastructure Class A 0.05% 40,000 $397K No change
SBXE Silverbox Corp. V Class A 0.05% 40,000 $397K No change
TDWD Tailwind 2.0 Acquisitio Class A 0.05% 40,000 $397K No change
CRAN Crane Harbor Acquisitio Class A 0.05% 40,000 $396K No change
GPAC General Purpose Acquisit-A 0.05% 40,000 $396K No change
IACOU Idea Acquisition Corp. 0.05% 40,000 $396K New
ADAC American Drive Acquisit Class A 0.05% 40,000 $396K No change
BLRK Bluerock Acquisition Corp. Class A 0.05% 40,000 $396K No change
FGII FG Imperii Acquisition Class A 0.05% 40,000 $396K New
IGAC Invest Green Acquisitio Class A 0.05% 40,000 $396K No change
ITHA Ithax Acquisition Corp. Class A 0.05% 40,000 $396K No change
LPCV Launchpad Cadenza Acqui Class A 0.05% 40,000 $396K No change
PTORU Praetorian Acquisition Corp. 0.05% 40,000 $396K New
SCPQ Social Commerce Partner Class-A 0.05% 40,000 $396K No change
SSAC Spacsphere Acquisition Class A 0.05% 40,000 $396K New
VHCP Vine Hill Capital Inves Class A 0.05% 40,000 $396K No change
XSLLU Xsolla Spac 1 0.05% 40,000 $396K New
MESH Meshflow Acquisition Co. Class A 0.05% 40,000 $396K No change
SVAQ Silicon Valley Acquisit Class A 0.05% 40,000 $396K No change
SORN Soren Acquisition Corp. Class A 0.05% 40,000 $395K New
BEBE Tge Value Creative Solu Class A 0.05% 40,000 $395K No change
SVIV Spring Valley Acquisitio-A 0.05% 40,000 $395K New
TWLV Twelve Seas Investment Co. Class A 0.05% 40,000 $395K No change
XFLH XFLH Capital Corp. 0.05% 40,000 $395K New
DBCA D. Boral Acquisition I Class A 0.05% 40,000 $394K New
ZKP Lafayette Digital Acquisitio 0.05% 40,000 $394K New
MEVO M Evo Global Acquisitio Class A filed as M EVO GBL ACQUISITION CORP I 0.05% 40,000 $394K New
IPXG Inflection Point Acquisition filed as COLUMBUS CIRCLE CAP CORP II 0.05% 40,000 $393K New
ARTC Art Technology Acquisit Class A 0.05% 40,000 $392K New
UAC United Acquisition Corp. I-A 0.05% 40,000 $392K New
TRI Thomson Reuters Corp. 0.05% 4,267 $384K New
CVS CVS Health Corp. 0.05% 5,343 $384K New
MSTR Strategy Inc. 0.05% 3,073 $384K Add +131.1%
LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV 0.05% 12,744 $382K New
LUV Southwest Airlines Co. 0.05% 10,074 $378K New
BILI Bilibili Inc.-Sponsored ADR 0.05% 16,484 $372K New
HWM Howmet Aerospace Inc. 0.05% 1,611 $371K New
OBA Oxley Bridge Acquisitio Class A 0.05% 36,204 $367K No change
KEY Keycorp 0.05% 17,990 $361K New
PEG Public Service Enterprise GP 0.05% 4,425 $358K New
CTAS Cintas Corp. 0.05% 2,116 $358K New
LWAC Lightwave Acquisition Corp. Class A 0.05% 35,000 $357K No change
INAC Indigo Acquisition Corp. 0.05% 35,000 $357K No change
AXIN Axiom Intelligence Class A 0.05% 35,000 $355K No change
HVMC Highview Merger Corp. Class A 0.05% 35,000 $352K No change
AWK American Water Works Co. Inc. 0.05% 2,583 $352K New
ADM Archer-Daniels-Midland Co. 0.05% 4,798 $349K New
ANET Arista Networks Inc. 0.05% 2,815 $346K New
VRT Vertiv Holdings Co. Class A 0.05% 1,360 $341K New
OTIS Otis Worldwide Corp. 0.04% 4,358 $336K New
GE General Electric filed as GE AEROSPACE 0.04% 1,180 $335K New
MKC.V McCormick & Co. Inc. VTG Com 0.04% 6,569 $331K Reduce -17.1%
LMT Lockheed Martin Corp. 0.04% 542 $328K New
ALF Centurion Acquisition Corp. 0.04% 30,000 $323K No change
ADSK Autodesk Inc. 0.04% 1,344 $322K New
GILD Gilead Sciences Inc. 0.04% 2,266 $316K New
NOW ServiceNow Inc. 0.04% 3,016 $315K New
CME Cme Group Inc. 0.04% 1,062 $314K Reduce -38.9%
MKLY McKinley Acquisition Co. Class A 0.04% 31,092 $312K No change
TACO Berto Acquisition Corp. 0.04% 30,000 $308K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 3,184 $307K New
HLXC Helix Acquisition Corp. Class A 0.04% 30,000 $305K New
CRAQ Cal Redwood Acquisit Class A 0.04% 30,000 $305K No change
DTE DTE Energy Company 0.04% 2,082 $304K Reduce -90.2%
FIGX Figx Capital Acquisition C-A 0.04% 30,000 $303K No change
VNME Vendome Acquisition Corp. Class A 0.04% 30,000 $302K No change
KCAC.U Kensington Capital Acquisiti 0.04% 30,000 $301K New
FVAV Fortress Value Acquis V Class A 0.04% 30,000 $301K New
GSRF GSR IV Acquisition Corp. Class A 0.04% 30,000 $301K No change
WBS Webster Financial Corp. 0.04% 4,327 $300K New
GLED.U Galaxyedge Acquisition Corp. 0.04% 30,000 $300K New
TRAD.U Apex Tech Acquisition Inc. 0.04% 30,000 $300K New
CTAAU Clearthink 1 Acquisition Cor 0.04% 30,000 $300K New
SCII SC II Acquisition Corp. Class A 0.04% 30,000 $299K No change
MZYX.U Mozayyx Acquisition Corp. 0.04% 30,000 $299K New
TRGSU TRG Latin America Acquisitio 0.04% 30,000 $299K New
ILLUU Illumination Acquisition Cor 0.04% 30,000 $298K New
TSM Taiwan Semiconductor-SP ADR 0.04% 869 $294K New
UBER Uber Technologies Inc. 0.04% 3,985 $287K New
HII Huntington Ingalls Industrie 0.04% 754 $286K New
ABT Abbott Laboratories 0.04% 2,700 $277K New
INTU Intuit Inc. 0.04% 635 $275K New
PSA Public Storage 0.04% 999 $271K Reduce -95.4%
CMI Cummins Inc. 0.04% 502 $270K New
OLPX Olaplex Holdings Inc. 0.04% 130,457 $265K New
COR Cencora Inc. 0.04% 843 $265K New
HTHT H World Group Ltd.-ADR 0.04% 5,244 $264K Reduce -23.5%
EOG EOG Resources Inc. 0.04% 1,821 $263K Reduce -94.0%
ISRG Intuitive Surgical Inc. 0.03% 569 $262K New
KFII K&F Growth Acquisition Cor-A 0.03% 25,000 $261K No change
BLK BlackRock Inc. 0.03% 271 $261K Reduce -5.2%
CENTA Central Garden and Pet Co. Class A 0.03% 8,002 $259K New
SDHI Siddhi Acquisition Corp. Class A 0.03% 25,000 $259K No change
COPL Copley Acquisition Corp. Class A 0.03% 25,000 $258K No change
LCCC Lakeshore Acquisition III Co. 0.03% 25,000 $258K No change
WTG Wintergreen Acquisition Corp. 0.03% 25,000 $257K No change
CHPG Championsgate Acquisitio-A 0.03% 25,000 $256K No change
KCHV Kochav Defense Acquisition-A 0.03% 25,000 $256K No change
OYSE Oyster Enterprises II Acq-A 0.03% 25,000 $254K No change
SOCA Solarius Capital Acquis Class A 0.03% 25,000 $254K No change
NMP NMP Acquisition Corp. Class A 0.03% 25,000 $254K No change
DASH DoorDash Inc. Class A 0.03% 1,691 $254K New
MSI Motorola Solutions Inc. 0.03% 585 $254K New
PAII Pyrophyte Acquisition Corp. Class A 0.03% 25,000 $254K No change
PACH Pioneer Acquisition I Class A 0.03% 25,000 $253K No change
MBVI M3-Brigade Acquisition Class A 0.03% 25,000 $251K No change
BPAC Blueport Acquisition LT Class A 0.03% 25,000 $250K No change
NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I 0.03% 25,000 $248K No change
WDAY Workday Inc. Class A 0.03% 1,893 $246K Add +84.3%
CMG Chipotle Mexican Grill Inc. 0.03% 7,633 $244K New
UNH Unitedhealth Group Inc. 0.03% 897 $243K Reduce -3.2%
PGR Progressive Corp. 0.03% 1,219 $242K New
PG The Procter & Gamble Co. 0.03% 1,663 $240K New
CF CF Industries Holdings Inc. 0.03% 1,841 $239K New
TVAI Thayer Ventures Acquis Class A 0.03% 23,300 $238K No change
TMUS T-Mobile US Inc. 0.03% 1,127 $237K Reduce -39.2%
APP AppLovin Corp. Class A 0.03% 588 $234K New
WM Waste Management Inc. 0.03% 993 $228K New
VLO Valero Energy Corp. 0.03% 910 $225K New
TSCO Tractor Supply Company 0.03% 4,963 $225K Add +13.1%
LI Li Auto Inc. - ADR 0.03% 12,588 $224K New
HCA HCA Healthcare Inc. 0.03% 470 $222K Reduce -49.8%
LLY Eli Lilly & Co. 0.03% 241 $222K New
SYK Stryker Corp. 0.03% 669 $220K New
SNOW Snowflake Inc. 0.03% 1,449 $219K New
COF Capital One Financial Corp. 0.03% 1,180 $215K New
CUB Lionheart Holdings Class A 0.03% 20,000 $215K No change
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 0.03% 20,733 $214K No change
LPBB Launch Two Acquisition Class A 0.03% 20,000 $212K No change
CHAR Charlton Aria Acquisiti Class A 0.03% 20,000 $212K No change
BKR Baker Hughes Co. 0.03% 3,448 $211K New
NTWO Newbury Street II Ac Class A 0.03% 20,000 $210K No change
AACB Artius II Acquisition Inc. Class A 0.03% 20,000 $207K No change
SBUX Starbucks Corp. 0.03% 2,299 $206K New
RDAG Republic Digital Acquis Class A 0.03% 20,000 $205K No change
TLNC Talon Capital Corp. Class A 0.03% 20,000 $204K No change
AMP Ameriprise Financial Inc. 0.03% 459 $204K New
PCAP Procap Acquisition Corp. Class A 0.03% 20,000 $204K No change
SPEG Silver Pegasus Acquisition-A 0.03% 20,000 $204K No change
CCXI Churchill Capital Corp. Class A 0.03% 20,000 $203K No change
MTAL.U Metals Acquisition Corp. II 0.03% 20,100 $203K New
IPFXU Inflection Point Acquisition 0.03% 20,000 $202K New
CEPV Cantor Equity Partners Class A 0.03% 20,000 $202K No change
HCMA HCM III Acquisition Cor Class A 0.03% 20,000 $202K No change
PH Parker Hannifin Corp. 0.03% 225 $201K New
APAC Stonebridge Acquisition Class A 0.03% 20,000 $201K No change
BLZR Trailblazer Acquisition Class A 0.03% 20,000 $201K No change
AIIA AI Infrastructure Ac-A 0.03% 20,000 $201K No change
SUMAU Suma Acquisition Corp. 0.03% 20,000 $200K New
KPET.U Kpet Ultra Paceline Corp. 0.03% 20,000 $200K New
RNGT Range Capital Acquisit Class A 0.03% 20,000 $200K No change
BDCI BTC Development Corp. Class A 0.03% 20,000 $200K No change
LATA Galata Acqu Corp. II Class A 0.03% 20,000 $200K No change
FMACU Future Money Acquisition Cor 0.03% 20,000 $200K New
ALUB Alussa Energy Acquisit II-A 0.03% 20,000 $200K No change
BHAVU Bhav Acquisition Corp. 0.03% 20,000 $200K New
PONOU Pono Capital Four Inc. 0.03% 20,000 $200K New
LAFA Lafayette Acquisition Corp. 0.03% 20,000 $199K No change
EVOX Evolution Global Acquis Class A 0.03% 20,000 $199K No change
DYOR Insight Digital Partners I-A 0.03% 20,000 $199K No change
APXT Apex Treasury Corp. Class A 0.03% 20,000 $199K No change
BWIV.U Blue Water Acquisition Corp. filed as BLUE WTR ACQUISITION CORP IV 0.03% 20,000 $198K New
DNMX Dynamix Corp. III Class A 0.03% 20,000 $198K No change
QADRU Qdro Acquisition Corp. 0.03% 20,000 $198K New
CAG Conagra Brands Inc. 0.03% 12,343 $194K New
TK Teekay Corp. Ltd. 0.03% 15,703 $192K New
PATH Uipath Inc. Class A 0.03% 17,133 $190K New
SSL Sasol Ltd.-Sponsored ADR 0.03% 14,602 $189K New
UMC United Microelectron-SP ADR 0.02% 19,658 $177K New
F Ford Motor Co. filed as FORD MTR CO 0.02% 14,922 $172K New
TAVI Tavia Acquisition Corp. 0.02% 15,654 $165K No change
JACS Jackson Acquisition Co. Class A 0.02% 15,000 $159K No change
LYG Lloyds Banking Group PLC-ADR 0.02% 30,910 $155K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.02% 10,787 $155K New
SPCE Virgin Galactic Holdings Inc. 0.02% 48,938 $119K Reduce -56.7%
UHG United Homes Group Inc. 0.01% 36,581 $42K New
Other holdings (39): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
SecurityClassShares / PrincipalValueChange
PL.WS Planet Labs PBC -CW26 *W EXP 12/06/202 37,299$614KNew
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 6,237$268KNew
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 20,000$8KNo change
IGACR Invest Green Acquisition-RTS RIGHT 11/17/2030 40,000$8KNo change
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 40,000$7KNo change
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 40,000$7KNew
SSACR Spacsphere Acquisition C-RTS RIGHT 02/06/2031 40,000$7KNew
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 20,000$7KNew
SCIIR SC II Acquisition Corp.-RT RIGHT 11/26/2030 30,000$7KNo change
TWLVR Twelve Seas Investment Co. II RIGHT 11/21/2030 40,000$6KNo change
DBCAW D. Boral Acquisition I Corp. *W EXP 01/30/203 20,000$6KNew
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 20,000$6KNo change
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 20,000$6KNo change
LFACW Leapfrog Acquisition Corp. *W EXP 11/10/203 20,000$6KNo change
BEBE.WS Tge Value Creative Solutions *W EXP 09/16/203 20,000$6KNo change
SVAQW Silicon Valley Acquisition C *W EXP 12/08/203 20,000$6KNo change
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 13,333$6KNo change
SCPQW Social Commerce Partner - 30 *W EXP 02/13/203 20,000$5KNo change
VHCPW Vine Hill Capital Investment *W EXP 11/25/203 13,333$5KNo change
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 20,000$5KNo change
GPACW General Purpose Acquisition *W EXP 12/03/203 20,000$5KNo change
IPXGW Columbus Circle Capital Corp. *W EXP 02/11/203 13,333$5KNew
ITHAW Ithax Acquisition Corp. III *W EXP 11/17/203 20,000$5KNo change
BPACR Blueport Acquisition Ltd. R RIGHT 02/13/2027 25,000$5KNo change
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 25,000$5KNo change
BLRKW Bluerock Acquisition Corp. *W EXP 12/12/203 13,333$4KNo change
SORNW Soren Acquisition Corp. *W EXP 12/19/203 13,333$4KNew
ADACW American Dr Acq A -30 *W EXP 02/06/203 13,333$4KNo change
FGIIW FG Imperii Acquisition Corp. *W EXP 10/14/203 20,000$4KNew
XFLH CAPITAL CORP RIGHT 12/31/2029 40,000$4KNew
MESHW Meshflow Acquisition Corp. *W EXP 11/20/203 13,333$3KNo change
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 40,000$3KNo change
LPCVW Launchpad Cadenza Acquisitio *W EXP 12/15/203 13,333$3KNo change
EMISR Emmis Acquisition Corp. RIGHT 09/12/2030 20,000$3KNo change
APACR Stonebridge Acquisition II C RIGHT 09/09/2030 20,000$2KNo change
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 20,000$2KNo change
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 20,000$2KNo change
SSACW Spacsphere Acquisition - 31 *W EXP 02/06/203 20,000$2KNew
BLACKROCK UTILITIES INFR- RT RIGHT 04/02/2026 39,733$318New

Total filed on the 13F, all lines: $752.9M.

Portfolio Sells Q4 2025 → Q1 2026
BCS Barclays PLC-Spons ADR Sold out 0.00% −3.69
HMY Harmony Gold MNG-Spon ADR Reduce -70.2% 1.52% −3.12
CUK Carnival PLC-ADR Reduce -93.0% 0.24% −2.62
SBSW Sibanye-Stillwater Ltd.-ADR Sold out 0.00% −2.33
NVS Novartis AG-Sponsored ADR Sold out 0.00% −2.28
HLN Haleon PLC-ADR Reduce -82.9% 0.64% −2.01
BTI British American Tob-SP ADR Reduce -57.5% 3.04% −1.83
ING ING Groep N.V.-Sponsored ADR Sold out 0.00% −1.46
FXI iShares China Large-Cap ETF Sold out 0.00% −1.30
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −1.21
SNN Smith & Nephew PLC -Spon ADR Reduce -61.6% 1.23% −1.10
UL Unilever PLC-Sponsored ADR Sold out 0.00% −0.72
CADE Cadence Bank Sold out 0.00% −0.70
PUK Prudential PLC-ADR Sold out 0.00% −0.69
CMA Comerica Inc. Sold out 0.00% −0.66
KWEB Kranesh Csi China Internet Sold out 0.00% −0.64
ATXS Astria Therapeutics Inc. Sold out 0.00% −0.63
RNAM Avidity Biosciences Inc. Sold out 0.00% −0.63
ZEUS Olympic Steel Inc. Sold out 0.00% −0.63
CDTX Cidara Therapeutics Inc. Sold out 0.00% −0.62
FYBR Frontier Communications Pare Sold out 0.00% −0.62
CFLT Confluent Inc. Class A Sold out 0.00% −0.61
GES Guess? Inc. Sold out 0.00% −0.61
EXAS Exact Sciences Corp. Sold out 0.00% −0.61
MOFG Midwestone Financial Group I Sold out 0.00% −0.60
VPL Vanguard Ftse Pacific ETF Sold out 0.00% −0.57
TGNA Tegna Inc. Sold out 0.00% −0.56
FMS Fresenius Medical Care-ADR Sold out 0.00% −0.56
VMC Vulcan Materials Co. Sold out 0.00% −0.55
RSG Republic Services Inc. Sold out 0.00% −0.50
IEFA iShares Core MSCI Eafe ETF Sold out 0.00% −0.50
PSA Public Storage Reduce -95.4% 0.04% −0.50
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.49
WPP WPP PLC-Sponsored ADR Sold out 0.00% −0.49
KKR KKR & Co. Inc. Sold out 0.00% −0.47
ERIC Ericsson (lm) Tel-SP ADR Reduce -46.8% 3.50% −0.47
MPC Marathon Petroleum Corp. Sold out 0.00% −0.47
RTO Rentokil Initial PLC-SP ADR Reduce -62.3% 0.58% −0.44
FRGE Forge Global Holdings Inc. Sold out 0.00% −0.39
RELX Relx PLC - Spon ADR Sold out 0.00% −0.37
GMAB Genmab A/S -SP ADR Sold out 0.00% −0.31
VTMX Corp. Inmobiliaria Vesta-ADR Reduce -81.6% 0.12% −0.29
TFC Truist Financial Corp. Sold out 0.00% −0.29
INDA iShares MSCI India ETF Sold out 0.00% −0.27
LNT Alliant Energy Corp. Sold out 0.00% −0.27
EOG EOG Resources Inc. Reduce -94.0% 0.04% −0.26
SMFG Sumitomo Mitsui-Spons ADR Sold out 0.00% −0.24
STLD Steel Dynamics Inc. Sold out 0.00% −0.23
PHM Pultegroup Inc. Sold out 0.00% −0.23
AEP American Electric Power Sold out 0.00% −0.22

Portfolio Buys Q4 2025 → Q1 2026
BP BP PLC-Spons ADR Add +82.4% 4.23% +3.02
SHEL Shell PLC-ADR Add +23.8% 4.93% +2.72
VOD Vodafone Group PLC-SP ADR Add +3.1% 6.65% +2.65
CX Cemex Sab-Spons ADR Part Cer New 1.79% +1.79
NGG National Grid PLC-SP ADR Add +13.7% 4.00% +1.73
ASML ASML Holding NV-NY Reg SHS New 1.30% +1.30
AMX America Movil Sab DE CV Add +316.3% 1.41% +1.22
IHG Intercontinental Hotels-ADR Add +31.0% 2.38% +1.03
LEN Lennar Corp. Class A Add +271.7% 1.15% +0.90
UDR Udr Inc. New 0.88% +0.88
UAL United Airlines Holdings Inc. New 0.84% +0.84
STEL Stellar Bancorp Inc. New 0.78% +0.78
TPH Tri Pointe Homes Inc. New 0.75% +0.75
NATH Nathan's Famous Inc. New 0.72% +0.72
DAWN Day One Biopharmaceuticals I New 0.65% +0.65
LNKB Linkbancorp Inc. Add +398.8% 0.73% +0.63
SNCY Sun Country Airlines Holding New 0.58% +0.58
CVX Chevron Corp. Add +723.3% 0.60% +0.57
PEN Penumbra Inc. New 0.56% +0.56
MASI Masimo Corp. New 0.56% +0.56
NSA National Storage Affiliates New 0.54% +0.54
NIO Nio Inc. - ADR New 0.54% +0.54
AEG Aegon Ltd.-NY Reg SHR Add +0.5% 2.03% +0.52
ADP Automatic Data Processing New 0.52% +0.52
MT Arcelormittal-NY Registered New 0.51% +0.51
AVB Avalonbay Communities Inc. Add +1310.7% 0.50% +0.47
ACLX Arcellx Inc. New 0.46% +0.46
TERN Terns Pharmaceuticals Inc. New 0.45% +0.45
APLS Apellis Pharmaceuticals Inc. New 0.45% +0.45
RYAAY Ryanair Holdings PLC-SP ADR Add +136.9% 0.70% +0.44
TRV The Travelers Cos Inc. Add +969.2% 0.46% +0.43
FFIC Flushing Financial Corp. Add +704.0% 0.47% +0.43
STKL Sunopta Inc. New 0.41% +0.41
LRCX Lam Research Corp. New 0.41% +0.41
CVGW Calavo Growers Inc. New 0.40% +0.40
SNPS Synopsys Inc. New 0.37% +0.37
RF Regions Financial Corp. New 0.35% +0.35
SAP Sap SE-Sponsored ADR New 0.31% +0.31
CWEN.A Clearway Energy Inc. Class A New 0.30% +0.30
SEMR Semrush Holdings Inc. Class A Add +8.1% 0.84% +0.30
DHR Danaher Corp. New 0.28% +0.28
TALK Talkspace Inc. New 0.27% +0.27
ONTF ON24 Inc. New 0.27% +0.27
HEI Heico Corp. New 0.27% +0.27
REG Regency Centers Corp. New 0.26% +0.26
MET Metlife Inc. Add +924.1% 0.27% +0.25
OKE Oneok Inc. Add +59.8% 0.38% +0.24
V Visa Inc. Class A New 0.24% +0.24
MLM Martin Marietta Materials New 0.23% +0.23
SLB SLB Ltd. New 0.22% +0.22

Notes & Other Activity Q4 2025 → Q1 2026
PL.WS Planet Labs PBC -CW26 *W EXP 12/06/202 New 37,299 $614K
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 New 6,237 $268K
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 New 40,000 $7K
SSACR Spacsphere Acquisition C-RTS RIGHT 02/06/2031 New 40,000 $7K
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 New 20,000 $7K
DBCAW D. Boral Acquisition I Corp. *W EXP 01/30/203 New 20,000 $6K
IPXGW Columbus Circle Capital Corp. *W EXP 02/11/203 New 13,333 $5K
SORNW Soren Acquisition Corp. *W EXP 12/19/203 New 13,333 $4K
FGIIW FG Imperii Acquisition Corp. *W EXP 10/14/203 New 20,000 $4K
XFLH CAPITAL CORP RIGHT 12/31/2029 New 40,000 $4K
SSACW Spacsphere Acquisition - 31 *W EXP 02/06/203 New 20,000 $2K
BLACKROCK UTILITIES INFR- RT RIGHT 04/02/2026 New 39,733 $318

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 313$925.7MDEO, BTI, RIO, LYG, NWG
Q1 2026 325$751.9MVOD, DEO, SHEL, BP, NGG
Q4 2025 305$1.1BBTI, HMY, DEO, VOD, ERIC
Q3 2025 199$1.0BAZN, SBSW, VOD, BTI, DEO
Q2 2025 196$875.2MERIC, BTI, VOD, DEO, RELX
Q1 2025 191$538.1MERIC, AZN, BTI, DEO, RIO
Q4 2024 192$697.3MDEO, TS, BTI, BP, VOD