Alberta Investment Management Corp

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Alberta Investment Management Corp reported 411 stock positions worth $14.6 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 26.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 13.8%) and Canadian Natural Resources (CNQ, 3.0%). Compared with Q4 2025, it opened 124 new positions, sold out of 322, added to 64 and reduced 72. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +72%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −17%).

Most Recent 13F
Q2 2026
Location
EDMONTON, A0
CIK
0001463559
Portfolio Value
$14.6B (Q1 2026)
SEC Filing
0001463559-26-000003 ↗ filed Apr 29, 2026

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $9.4B Q1 2024 Q2 2024: $9.0B Q2 2024 Q3 2024: $11.0B Q3 2024 Q4 2024: $14.3B Q4 2024 Q1 2025: $13.9B Q1 2025 Q2 2025: $11.8B Q2 2025 Q3 2025: $12.4B Q3 2025 Q4 2025: $15.0B Q4 2025 Q1 2026: $14.6B $14.6B Q1 2026 Q2 2026: $15.6B Q2 2026

Holdings 411 stocks · $14.6B
IVV iShares Core S&P 500 ETF 26.03% 5,805,305 $3.8B Reduce -17.1%
VOO Vanguard S&P 500 ETF 13.77% 3,358,186 $2.0B Add +72.1%
CNQ Canadian Natural Resources 2.97% 8,876,883 $433.1M Add +338.3%
TD Toronto-Dominion Bank 2.69% 4,195,116 $391.9M Add +31.9%
RY Royal Bank of Canada 2.44% 2,200,448 $355.8M Add +15.7%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 2.17% 4,561,621 $316.4M Add +178.0%
SPY SS SPDR S&P 500 ETF Trust-US 1.77% 396,165 $257.6M Reduce -31.9%
TRP TC Energy Corp. 1.72% 4,004,271 $250.8M Add +296.2%
CVE Cenovus Energy Inc. 1.68% 9,217,453 $244.7M Add +67.0%
SU Suncor Energy Inc. 1.67% 3,672,929 $243.0M Add +73.5%
AEM Agnico Eagle Mines Ltd. 1.61% 1,154,371 $234.4M Add +0.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 1.39% 2,143,585 $203.2M Add +721.0%
MSTR Strategy Inc. 1.18% 1,382,000 $172.5M New
BN Brookfield Corp. 1.03% 3,685,309 $149.4M Add +6.4%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 0.78% 842,168 $114.1M Reduce -15.8%
SHOP Shopify Inc. Class A 0.76% 927,408 $110.1M Add +57.7%
PBA Pembina Pipeline Corp. 0.66% 2,155,843 $96.5M Add +374.3%
GPGI Gpgi Inc. 0.63% 5,405,406 $92.4M New
CP Canadian Pacific Kansas City 0.63% 1,165,755 $91.8M Add +3.6%
JBS JBS NV-A 0.62% 5,024,500 $90.2M Add +8.7%
MFC Manulife Financial Corp. 0.55% 2,323,084 $80.0M Reduce -15.8%
CNI Canadian Natl Railway Co. 0.54% 759,302 $78.2M Add +5.7%
GOOGL Alphabet Inc. Class A 0.53% 270,000 $77.6M Reduce -38.3%
SW Smurfit Westrock PLC 0.53% 1,944,236 $77.5M Add +39.3%
AXP American Express Co. 0.50% 240,100 $72.6M Add +51.8%
MCHI iShares MSCI China ETF 0.48% 1,239,380 $69.6M No change
FCNCA First Citizens Bcshs Class A 0.47% 36,176 $68.2M No change
YUMC Yum China Holdings Inc. 0.46% 1,365,700 $66.6M Reduce -11.6%
VSTS Vestis Corp. 0.45% 8,348,384 $65.6M Reduce -13.9%
QSR Restaurant Brands Intern 0.45% 881,080 $65.2M Add +1.7%
NTR Nutrien Ltd. 0.44% 850,316 $64.2M Add +23.7%
SLB SLB Ltd. filed as SLB LIMITED 0.43% 1,214,300 $62.4M Add +35.1%
GILD Gilead Sciences Inc. 0.42% 442,000 $61.6M No change
SLF Sun Life Financial Inc. 0.42% 981,353 $61.5M Add +5.8%
FRPT Freshpet Inc. 0.40% 993,000 $58.5M Add +15.3%
SEE Sealed Air Corp. 0.40% 1,391,282 $58.5M Reduce -45.2%
STN Stantec Inc. 0.40% 668,628 $57.8M Add +13.1%
ENB Enbridge Inc. 0.39% 1,055,134 $57.2M Reduce -62.0%
MSM MSC Industrial Direct Co. Class A 0.38% 602,000 $55.5M Reduce -2.8%
GIL Gildan Activewear Inc. 0.38% 996,661 $55.5M Reduce -10.7%
HOLX Hologic Inc. 0.38% 734,000 $55.5M Add +6.6%
CFR Cullen/Frost Bankers Inc. 0.38% 400,000 $54.8M No change
LLYVA Liberty Live Holdings Class A 0.37% 594,000 $54.4M No change
META Meta Platforms Inc. Class A 0.36% 92,000 $52.6M Reduce -22.8%
TXNM TXNM Energy Inc. 0.36% 891,387 $52.1M Add +45.7%
WBS Webster Financial Corp. 0.33% 700,000 $48.6M New
TECK Teck Resources Ltd.-CLS B 0.32% 904,367 $46.9M Reduce -8.9%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.32% 641,946 $46.1M Add +5.6%
GIB Cgi Inc. 0.32% 627,726 $45.9M Reduce -10.4%
AXS Axis Capital Holdings Ltd. 0.31% 450,000 $45.6M No change
SPB Spectrum Brands Holdings Inc. 0.31% 607,469 $44.8M Reduce -19.2%
BUD Anheuser-Busch Inbev-SPN ADR 0.31% 645,100 $44.8M No change
CIGI Colliers Intl GR-Subord Vot 0.30% 403,365 $43.1M Add +24.0%
LEA Lear Corp. 0.30% 355,449 $43.0M No change
TBN Tamboran Resources Corp. 0.29% 858,680 $42.9M No change
KW Kennedy-Wilson Holdings Inc. 0.29% 3,943,222 $42.7M Reduce -3.8%
SONY Sony Group Corp. - SP ADR 0.28% 1,993,000 $41.3M New
DFIN Donnelley Financial Solution 0.28% 852,611 $40.2M Reduce -3.1%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.27% 600,000 $39.0M Add +33.3%
GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC 0.27% 1,044,254 $38.9M No change
KVUE Kenvue Inc. 0.26% 2,232,279 $38.5M Add +34.3%
MEOH Methanex Corp. 0.26% 642,838 $38.3M Reduce -42.1%
MAN Manpowergroup Inc. 0.25% 1,256,000 $37.0M Add +18.6%
CNC Centene Corp. 0.24% 1,075,000 $35.2M Reduce -3.5%
GEN Gen Digital Inc. 0.23% 1,788,100 $33.7M Add +15.4%
EA Electronic Arts Inc. 0.22% 160,000 $32.6M Add +33.3%
SII Sprott Inc. 0.21% 214,473 $30.6M Add +1266.1%
WPM Wheaton Precious Metals Corp. 0.20% 221,767 $29.1M Add +167.2%
GTLS Chart Industries Inc. 0.19% 136,200 $28.2M Add +1.7%
FNV Franco-Nevada Corp. 0.18% 108,707 $26.9M Add +682.1%
SKE Skeena Resources Ltd. 0.18% 900,687 $26.8M Add +260.3%
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.18% 2,475,000 $26.6M No change
ATS Ats Corp. 0.18% 940,191 $26.5M Reduce -29.9%
PEN Penumbra Inc. 0.18% 80,000 $26.3M New
SOBO South Bow Corp. 0.17% 742,851 $24.7M Add +858.2%
WTW Willis Towers Watson PLC 0.16% 80,000 $23.3M Reduce -43.0%
FR First Industrial Realty TR 0.16% 393,302 $22.8M No change
AAUC Allied Gold Corp. 0.15% 725,607 $22.5M New
REXR Rexford Industrial Realty Inc. 0.15% 685,504 $22.4M No change
VACH Voyager Acquisition Corp. 0.15% 1,750,000 $21.9M No change
POLE Andretti Acquisition Corp. Class A 0.14% 1,980,000 $21.1M No change
GTEN Gores Holdings X Inc. Class A 0.14% 2,000,000 $20.4M No change
KBON Karbon Capital Partners Class A 0.14% 2,000,000 $20.1M No change
FOLD Amicus Therapeutics Inc. 0.14% 1,389,200 $20.1M Add +47.9%
FVAV Fortress Value Acquis V Class A 0.14% 2,000,000 $20.0M New
IEAG Infinite Eagle Class-A 0.14% 2,000,000 $20.0M New
CRCL Circle Internet Group Inc. 0.13% 204,000 $19.5M Reduce -35.4%
DLR Digital Realty Trust Inc. 0.13% 106,000 $19.1M No change
TU Telus Corp. 0.13% 1,470,332 $18.9M New
B Barrick Mining Corp. 0.13% 449,313 $18.4M Reduce -27.6%
JCI Johnson Controls Internation 0.12% 139,000 $18.2M Reduce -35.3%
GPAT GP-Act III Acquisition-A 0.12% 1,625,000 $17.6M No change
ACAAU Averin Capital Acquisition C 0.12% 1,750,000 $17.5M New
QRVO Qorvo Inc. 0.12% 225,000 $17.4M Add +125.0%
MLAAU Mountain Lake Acquisition Co. 0.12% 1,750,000 $17.4M New
MDLN Medline Inc. Class A 0.12% 390,000 $17.4M Reduce -17.9%
HWM Howmet Aerospace Inc. 0.12% 75,000 $17.3M Reduce -48.6%
EFXT Enerflex Ltd. 0.12% 809,383 $16.9M New
BCSS.U Bain Capital GSS Investment 0.11% 1,600,000 $16.4M No change
OS Onestream Inc. 0.11% 674,500 $16.2M Add +805.4%
VRT Vertiv Holdings Co. Class A 0.11% 64,000 $16.0M Reduce -50.5%
CCIX Churchill Capital Corp. Ix 0.11% 1,500,000 $16.0M No change
BEAG Bold Eagle Acquisition Cor-A 0.11% 1,500,000 $15.8M No change
RCL Royal Caribbean Cruises Ltd. 0.11% 57,000 $15.7M Reduce -35.0%
LXP LXP Industrial Trust 0.11% 338,500 $15.7M No change
LW Lamb Weston Holdings Inc. 0.11% 367,600 $15.5M Add +75.0%
AMH American Homes 4 Rent- A 0.11% 555,000 $15.5M No change
PMTR Perimeter Acquis Corp. I Class A 0.11% 1,500,000 $15.4M No change
CCXI Churchill Capital Corp. Class A 0.10% 1,500,000 $15.3M No change
CHRW C.H. Robinson Worldwide Inc. 0.10% 89,385 $14.8M Reduce -76.3%
AQN Algonquin Power & Utilities 0.10% 2,377,140 $14.6M Reduce -6.9%
MBVI M3-Brigade Acquisition Class A 0.10% 1,450,000 $14.6M No change
SUMAU Suma Acquisition Corp. 0.10% 1,450,000 $14.5M New
BEP Brookfield Renewable Partner 0.10% 445,247 $14.5M Add +43.6%
EVAC Eqv Ventures Acquisition C-A 0.10% 1,400,000 $14.1M No change
PTORU Praetorian Acquisition Corp. 0.10% 1,400,000 $13.8M New
LINE Lineage Inc. 0.09% 418,900 $13.7M Add +127.8%
LBRDK Liberty Broadband-C 0.09% 270,000 $13.6M No change
ANSC Agriculture & Natural Soluti 0.09% 1,200,000 $13.5M No change
AEE Ameren Corporation 0.09% 123,000 $13.5M Reduce -35.3%
SBXE Silverbox Corp. V Class A 0.09% 1,350,000 $13.4M No change
CLS Celestica Inc. 0.09% 46,817 $13.2M Reduce -19.5%
KFII K&F Growth Acquisition Cor-A 0.09% 1,237,500 $12.9M No change
NPAC New Providence Acquisition-A 0.09% 1,250,000 $12.8M No change
BNT Brookfield Wealth Solutions 0.09% 307,050 $12.7M New
CCJ Cameco Corp. 0.09% 116,805 $12.7M Add +286.8%
HVMC Highview Merger Corp. Class A 0.09% 1,250,000 $12.6M No change
ALUB Alussa Energy Acquisit II-A 0.09% 1,250,000 $12.5M No change
SAC Safeguard Acquisition C Class A 0.09% 1,250,000 $12.4M No change
WHR Whirlpool Corp. 0.08% 225,000 $12.1M New
AEXA American Exceptionalism Class A 0.08% 1,100,000 $11.9M No change
GPAC General Purpose Acquisit-A 0.08% 1,200,000 $11.9M No change
CWAN Clearwater Analytics HDS-A 0.08% 500,000 $11.8M Reduce -12.9%
TLNCU Talon Capital Corp. 0.08% 1,100,000 $11.4M No change
DSGX The Descartes Systems Grp 0.08% 156,306 $11.2M New
APXTU Apex Treasury Corp. 0.08% 1,100,000 $11.1M No change
VCIC Vine Hill Capital Class A 0.07% 980,000 $10.8M No change
TONT Graf Global Corp. Class A 0.07% 980,000 $10.5M No change
LPBB Launch Two Acquisition Class A 0.07% 980,000 $10.4M No change
MLAC Mountain Lake Acquisition-A 0.07% 980,000 $10.3M No change
JENA Jena Acquisition Corp. II - A 0.07% 1,000,000 $10.2M New
RAC Rithm Acquisition Corp. Class A 0.07% 980,000 $10.2M No change
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 0.07% 1,000,000 $10.2M No change
AACB Artius II Acquisition Inc. Class A 0.07% 980,000 $10.1M No change
WCN Waste Connections Inc. 0.07% 61,853 $10.1M Add +187.7%
HACQU HCM IV Acquisition Corp. 0.07% 1,000,000 $10.0M New
MEVOU M Evo Global Acquisition Cor filed as M EVO GBL ACQUISITION CORP I 0.07% 1,000,000 $10.0M New
ARCIU Archimedes Tech Spac Partner 0.07% 1,000,000 $10.0M New
OIM Oneim Acquisition Class-A 0.07% 1,000,000 $10.0M New
STLA Stellantis NV 0.07% 1,430,000 $10.0M No change
KRAQU Krakacquisition Corp. 0.07% 1,000,000 $10.0M New
ADAC American Drive Acquisit Class A 0.07% 1,000,000 $9.9M No change
LPCV Launchpad Cadenza Acqui Class A 0.07% 1,000,000 $9.9M No change
ALOV Aldabra 4 Liquidity Opp Class A 0.07% 1,000,000 $9.9M New
ZKP Lafayette Digital Acquisitio 0.07% 1,000,000 $9.9M New
KGC Kinross Gold Corp. 0.07% 321,784 $9.8M Reduce -50.5%
ALH Alliance Laundry Holdings Inc. 0.07% 468,000 $9.7M No change
IMXI International Money Express 0.07% 613,400 $9.7M Add +82.8%
LLYVK Liberty Live Holdings Class C 0.06% 100,000 $9.4M No change
BBCQ Bleichroeder Acquis II Class A 0.06% 937,575 $9.4M New
NSA National Storage Affiliates 0.06% 239,915 $9.1M Reduce -6.7%
ACI Albertsons Cos Inc. Class A 0.06% 528,300 $9.0M No change
PALOU Paloma Acquisition Corp. I 0.06% 900,000 $9.0M New
PZZA Papa John's Intl Inc. 0.06% 275,702 $8.9M No change
FPS Forgent Power Solutions Class A 0.06% 300,000 $8.8M New
NSC Norfolk Southern Corp. 0.06% 30,000 $8.6M New
DHIL Diamond Hill Investment Grp 0.06% 50,000 $8.6M New
WFRD Weatherford International PL 0.06% 89,100 $8.4M Add +15.3%
SORN Soren Acquisition Corp. Class A 0.06% 850,000 $8.4M New
NFLX Netflix Inc. 0.06% 85,000 $8.2M Reduce -86.2%
NHIC Newhold Investment Cor III-A 0.06% 775,000 $8.1M No change
LPAA Launch One Acquisition Corp. 0.06% 750,000 $8.0M No change
SIMA Sim Acquisition Corp. I-A 0.06% 750,000 $8.0M No change
LEGO.U Legato Merger Corp. IV 0.05% 800,000 $8.0M New
VAL Valaris Ltd. 0.05% 80,181 $7.9M New
ATII Archimedes Tech Spac Partner 0.05% 750,000 $7.8M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.05% 750,000 $7.8M No change
SZZL Sizzle Acquisition Corp. Class A 0.05% 750,000 $7.7M No change
SOUL Soulpower Acquisition Co. Class A 0.05% 750,000 $7.7M No change
IPCX Inflection Point Acquisiti-A 0.05% 750,000 $7.7M No change
CEPF Cantor Equity Partners Class A 0.05% 750,000 $7.6M No change
LWAC Lightwave Acquisition Corp. Class A 0.05% 750,000 $7.6M No change
PAII Pyrophyte Acquisition Corp. Class A 0.05% 750,000 $7.6M No change
CEPV Cantor Equity Partners Class A 0.05% 750,000 $7.6M No change
EVOX Evolution Global Acquis Class A 0.05% 750,000 $7.5M No change
ARTC Art Technology Acquisit Class A 0.05% 750,000 $7.4M New
SDHI Siddhi Acquisition Corp. Class A 0.05% 700,000 $7.3M No change
LATA Galata Acqu Corp. II Class A 0.05% 725,000 $7.2M No change
DBRG Digitalbridge Group Inc. 0.05% 468,200 $7.2M No change
TVAI Thayer Ventures Acquis Class A 0.05% 700,000 $7.2M No change
BACC Blue Acquisition Corp. Class A 0.05% 700,000 $7.1M No change
AMRZ Amrize Ltd. 0.05% 126,100 $7.1M Reduce -47.7%
RNGT Range Capital Acquisit Class A 0.05% 700,000 $7.0M No change
AACIU Armada Acquisition Corp. III 0.05% 700,000 $7.0M New
AACOU Abony Acquisition Corp. I 0.05% 700,000 $7.0M New
KKR KKR & Co. Inc. 0.05% 73,000 $6.8M Add +540.4%
BX Blackstone Inc. 0.05% 58,700 $6.7M Add +65.3%
APO Apollo Global Management Inc. 0.05% 60,400 $6.7M Add +449.1%
FTS Fortis Inc. 0.05% 119,735 $6.7M Add +19.4%
GRND Grindr Inc. 0.05% 550,000 $6.6M Add +37.5%
NIQ Niq Global Intelligence PLC 0.04% 575,100 $6.5M No change
MH McGraw Hill Inc. 0.04% 476,047 $6.5M Reduce -44.0%
TDAC Translational Development Ac 0.04% 600,000 $6.3M No change
KDP Keurig Dr Pepper Inc. 0.04% 239,800 $6.3M No change
BCE Bce Inc. 0.04% 250,093 $6.3M New
CEPO Cantor Equity Partners I-A 0.04% 600,000 $6.3M No change
BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I 0.04% 600,000 $6.3M No change
SLAB Silicon Laboratories Inc. 0.04% 30,000 $6.2M New
PAAS Pan American Silver Corp. 0.04% 113,145 $6.2M Reduce -60.7%
JPM JPMorgan Chase & Co. 0.04% 21,000 $6.2M Reduce -92.6%
SAAQU Space Asset Acquisition Corp. 0.04% 600,000 $6.1M New
MASI Masimo Corp. 0.04% 34,107 $6.1M New
MTAL.U Metals Acquisition Corp. II 0.04% 600,000 $6.1M New
TMTSU Spartacus Acqu Corp. II 0.04% 600,000 $6.0M New
WBD Warner Bros Discovery Inc. 0.04% 218,675 $6.0M Reduce -44.5%
HCAC Hall Chadwick Acquisition-A 0.04% 600,000 $6.0M No change
MUZEU Muzero Acquisition Corp. 0.04% 600,000 $6.0M New
BWIV.U Blue Water Acquisition Corp. filed as BLUE WTR ACQUISITION CORP IV 0.04% 600,000 $6.0M New
ILLUU Illumination Acquisition Cor 0.04% 600,000 $6.0M New
TWLV Twelve Seas Investment Co. Class A 0.04% 600,000 $5.9M No change
CRAN Crane Harbor Acquisitio Class A 0.04% 600,000 $5.9M No change
AEAQ Activate Energy Acquisitio-A 0.04% 600,000 $5.9M Add +33.3%
MUX McEwen Inc. 0.04% 286,017 $5.8M New
THR Thermon Group Holdings Inc. 0.04% 114,567 $5.8M New
BLK BlackRock Inc. 0.04% 6,000 $5.8M Reduce -63.2%
RAAQ Real Asset Acquisiti Class A 0.04% 550,000 $5.8M No change
MDA Mda Space Ltd. 0.04% 225,905 $5.7M New
NOA North American Construction 0.04% 422,493 $5.7M New
DAAQ Digital Asset Acquisiti Class A 0.04% 550,000 $5.6M No change
HCMA HCM III Acquisition Cor Class A 0.04% 550,000 $5.6M No change
UBS UBS Group AG-Reg 0.04% 142,510 $5.5M Reduce -16.2%
CDE Coeur Mining Inc. 0.04% 290,922 $5.5M New
OACC Oaktree Acquisition Corp. I-A 0.04% 500,000 $5.3M No change
HAL Halliburton Co. 0.04% 135,800 $5.3M No change
CZR Caesars Entertainment Inc. 0.04% 200,000 $5.3M Add +175.9%
PLMK Plum Acquisition Corp. IV 0.04% 500,000 $5.3M No change
IMO Imperial Oil Ltd. 0.04% 40,205 $5.3M New
BDCI BTC Development Corp. Class A 0.04% 525,000 $5.2M No change
SVCC Stellar V Capital Corp. Class A 0.04% 500,000 $5.2M No change
DYNC Dynamix Corp. 0.04% 499,457 $5.2M No change
GSHR Gesher Acquisition Corp. II-A 0.04% 500,000 $5.2M No change
TACH Titan Acquisition Corp. Class A 0.04% 500,000 $5.2M No change
CNL Collective Mining Ltd. 0.04% 294,000 $5.2M Reduce -2.0%
CAEP Cantor Equity Partners III-A 0.04% 500,000 $5.2M No change
FERA Fifth Era Acquisition Corp. Class A 0.04% 500,000 $5.2M No change
OBAWU Oxley Bridge Acquisition Ltd. 0.04% 500,000 $5.1M No change
SOCA Solarius Capital Acquis Class A 0.03% 500,000 $5.1M No change
PACH Pioneer Acquisition I Class A 0.03% 500,000 $5.1M No change
AXIN Axiom Intelligence Class A 0.03% 500,000 $5.1M No change
IPFXU Inflection Point Acquisition 0.03% 500,000 $5.1M New
BSX Boston Scientific Corp. 0.03% 80,400 $5.0M Add +2.1%
CHEC Chenghe Acquisition II Class A 0.03% 500,000 $5.0M No change
BLZR Trailblazer Acquisition Class A 0.03% 500,000 $5.0M No change
KOYN CSLM Digital Asset Acqu - A 0.03% 500,000 $5.0M No change
ABVX Abivax SA-ADR 0.03% 45,000 $5.0M New
AGI Alamos Gold Inc. Class A 0.03% 112,605 $5.0M New
VACI.U Viking Acquisitions Corp. I 0.03% 500,000 $5.0M No change
MESHU Meshflow Acquisition Corp. 0.03% 500,000 $5.0M No change
MZYX.U Mozayyx Acquisition Corp. 0.03% 500,000 $5.0M New
TRGSU TRG Latin America Acquisitio 0.03% 500,000 $5.0M New
IPXGU Columbus Circle Capital Corp. 0.03% 500,000 $5.0M New
EQT Eqt Corp. 0.03% 78,000 $5.0M Reduce -38.5%
BLRK Bluerock Acquisition Corp. Class A 0.03% 500,000 $5.0M No change
SVIV Spring Valley Acquisitio-A 0.03% 500,000 $5.0M New
SCPQ Social Commerce Partner Class-A 0.03% 500,000 $5.0M No change
VHCP Vine Hill Capital Inves Class A 0.03% 500,000 $5.0M No change
BIII Black Spade Acquisition Class A 0.03% 500,000 $4.9M New
RBA RB Global Inc. 0.03% 49,801 $4.8M Reduce -42.2%
HAYMAKER ACQUISITION CORP 4 0.03% 400,000 $4.6M No change
BAM Brookfield Asset Mgmt-A 0.03% 101,035 $4.5M Reduce -81.0%
BIP Brookfield Infrastructure Pa 0.03% 123,499 $4.5M Reduce -33.6%
LEGT Legato Merger Corp. III 0.03% 400,000 $4.4M No change
DAWN Day One Biopharmaceuticals I 0.03% 200,000 $4.3M New
DAVA Endava PLC- Spon ADR 0.03% 950,000 $4.2M No change
EMA Emera Inc. 0.03% 80,927 $4.2M Reduce -66.5%
DK Delek US Holdings Inc. 0.03% 91,000 $4.1M Reduce -62.4%
OYSE Oyster Enterprises II Acq-A 0.03% 400,000 $4.1M No change
PCAP Procap Acquisition Corp. Class A 0.03% 400,000 $4.1M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.03% 68,860 $4.1M No change
CRAQ Cal Redwood Acquisit Class A 0.03% 400,000 $4.1M No change
DYORU Insight Digital Partners II 0.03% 400,000 $4.1M No change
AZO AutoZone Inc. 0.03% 1,200 $4.1M New
FIGX Figx Capital Acquisition C-A 0.03% 400,000 $4.1M No change
ONON On Holding AG Class A filed as ON HLDG AG 0.03% 118,700 $4.0M Add +227.9%
KCAC.U Kensington Capital Acquisiti 0.03% 400,000 $4.0M New
CAQUU Cambridge Acquisition Corp. 0.03% 400,000 $4.0M New
IRAB.U Iris Acquisition Corp. II 0.03% 400,000 $4.0M New
RCI Rogers Communications Inc. Class B 0.03% 103,566 $4.0M New
LFAC Leapfrog Acquisition Class A 0.03% 400,000 $4.0M No change
QADRU Qdro Acquisition Corp. 0.03% 400,000 $4.0M New
DSAC Daedalus Special Acquis Class A 0.03% 400,000 $4.0M No change
ITHA Ithax Acquisition Corp. Class A 0.03% 400,000 $4.0M No change
STUB Stubhub Holdings Inc. Class A 0.03% 631,000 $3.9M Reduce -26.3%
MGA Magna International Inc. 0.03% 70,302 $3.9M Add +35.2%
WTFC Wintrust Financial Corp. 0.03% 28,000 $3.9M Reduce -64.8%
TASEKO MINES LTD 0.03% 597,738 $3.9M Add +19.6%
INDV Indivior Pharmaceuticals Inc. 0.03% 124,000 $3.8M New
MMED Minimed Group Inc. 0.03% 250,000 $3.7M New
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.02% 350,000 $3.6M No change
RDAG Republic Digital Acquis Class A 0.02% 350,000 $3.6M No change
EGHA Egh Acquisition Co. Class A 0.02% 350,000 $3.6M No change
PNC PNC Financial Services Group 0.02% 17,000 $3.5M Reduce -69.0%
DNMXU Dynamix Corp. III 0.02% 350,000 $3.5M No change
MACI Melar Acquisition Corp. I-A 0.02% 325,000 $3.5M No change
NXE Nexgen Energy Ltd. 0.02% 301,000 $3.5M No change
IGAC Invest Green Acquisitio Class A 0.02% 350,000 $3.5M No change
SVAQ Silicon Valley Acquisit Class A 0.02% 350,000 $3.5M No change
AIV Apartment Invt & Mgmt Co. Class A 0.02% 850,000 $3.5M New
BEBE Tge Value Creative Solu Class A 0.02% 350,000 $3.5M No change
XCBE X3 Acquisition Corp. Ltd. Class A 0.02% 350,000 $3.4M New
RVMD Revolution Medicines Inc. 0.02% 35,000 $3.4M New
ACLS Axcelis Technologies Inc. 0.02% 35,750 $3.3M New
CEPT Cantor Equity Partners Class A 0.02% 300,000 $3.3M No change
STKL Sunopta Inc. 0.02% 500,000 $3.2M New
TRI Thomson Reuters Corp. 0.02% 35,805 $3.2M Add +123.8%
CLBR.U Colombier Acqstn Corp. III 0.02% 300,000 $3.1M New
EQX Equinox Gold Corp. 0.02% 210,698 $3.0M New
WLIIU Willow Lane Acquisition Corp. 0.02% 300,000 $3.0M New
SANG Sangoma Technologies Corp. 0.02% 766,418 $3.0M New
HCICU Hennessy Capital Investment 0.02% 300,000 $3.0M New
BHF Brighthouse Financial Inc. 0.02% 50,000 $3.0M No change
GFL GFL Environmental Inc.-Sub VT 0.02% 71,474 $3.0M Reduce -90.7%
TDWD Tailwind 2.0 Acquisitio Class A 0.02% 300,000 $3.0M No change
GM General Motors Co. 0.02% 40,000 $3.0M Reduce -73.9%
IAG Iamgold Corp. 0.02% 156,953 $3.0M New
IBKR Interactive Brokers Gro Class A 0.02% 43,000 $2.9M Reduce -34.5%
LKQ LKQ Corp. 0.02% 95,040 $2.8M No change
BBUC Brookfield Business Corp. Class A 0.02% 85,024 $2.7M Reduce -53.9%
AG First Majestic Silver Corp. 0.02% 124,265 $2.7M New
ALDF Aldel Financial II Inc. 0.02% 250,581 $2.6M No change
FACT Fact II Acquisition Corp. 0.02% 250,000 $2.6M No change
RTAC Renatus Tactical Acquisiti-A 0.02% 250,000 $2.6M No change
TACO Berto Acquisition Corp. 0.02% 250,000 $2.6M No change
WENN Wen Acquisition Corp. Class A 0.02% 250,000 $2.5M No change
OLPX Olaplex Holdings Inc. 0.02% 1,251,500 $2.5M New
BLDR Builders Firstsource Inc. 0.02% 30,600 $2.5M Add +152.9%
UNF Unifirst Corp. 0.02% 10,000 $2.5M New
JHX James Hardie Ind PLC 0.02% 131,500 $2.5M New
IACOU Idea Acquisition Corp. 0.02% 250,000 $2.5M New
BIXI Bitcoin Infrastructure Class A 0.02% 250,000 $2.5M No change
IRHO Iron Horse Acquisitions Corp. 0.02% 250,000 $2.5M No change
AU Anglogold Ashanti PLC 0.02% 25,400 $2.5M No change
VNME Vendome Acquisition Corp. Class A 0.02% 230,000 $2.3M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 84,000 $2.3M Reduce -35.5%
TFII Tfi International Inc. filed as TRANSFORCE INC 0.02% 20,710 $2.3M New
CAE Cae Inc. 0.02% 86,304 $2.2M New
VRSN Verisign Inc. 0.02% 9,000 $2.2M Reduce -37.1%
HBM Hudbay Minerals Inc. 0.02% 106,428 $2.2M Reduce -73.2%
SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC 0.01% 131,580 $2.2M New
VIPS Vipshop Holdings Ltd. - ADR 0.01% 136,400 $2.1M Add +13.9%
BF.B Brown-Forman Corp. Class B 0.01% 77,700 $2.1M New
CCII Cohen Circle Acquisit II - A 0.01% 200,000 $2.0M No change
OR Or Royalties Inc. 0.01% 50,282 $1.9M New
EGO Eldorado Gold Corp. 0.01% 53,887 $1.9M Add +73.3%
COLD Americold Realty Trust Inc. 0.01% 159,700 $1.8M No change
VVV Valvoline Inc. 0.01% 52,000 $1.8M Reduce -35.0%
ALC Alcon Inc. filed as ALCON AG 0.01% 22,433 $1.7M New
BTG B2GOLD Corp. 0.01% 359,149 $1.6M New
SSRM SSR Mining Inc. 0.01% 54,443 $1.6M Reduce -18.7%
KRSP Rice Acquisition Corp. 3-A 0.01% 150,000 $1.5M No change
FSV Firstservice Corp. 0.01% 11,036 $1.5M Reduce -59.9%
OTEX Open Text Corp. 0.01% 67,209 $1.5M Reduce -78.8%
AMPX Amprius Technologies Inc. 0.01% 82,000 $1.4M Reduce -35.4%
RKT Rocket Cos Inc. Class A 0.01% 95,000 $1.4M Reduce -53.7%
UUUU Energy Fuels Inc. 0.01% 63,638 $1.2M New
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.01% 72,058 $1.2M New
BGSI Boyd Group Services Inc. 0.01% 8,118 $1.0M Reduce -77.2%
ARIS Aris Mining Corp. 0.01% 55,121 $1.0M New
CEPS Cantor Equity Partners Vi -A 0.01% 100,000 $1.0M New
WFG West Fraser Timber Co. Ltd. 0.01% 15,087 $986K New
CGAU Centerra Gold Inc. 0.01% 53,586 $953K New
CCO Clear Channel Outdoor Holdin 0.01% 400,000 $948K No change
TAC Transalta Corp. 0.01% 70,852 $932K New
GLIBA Liberty Capital Corp. filed as GCI LIBERTY INC 0.01% 23,872 $880K Reduce -20.5%
SLNO Soleno Therapeutics Inc. 0.01% 25,000 $837K New
FSM Fortuna Mining Corp. 0.01% 81,867 $814K Reduce -73.9%
DNN Denison Mines Corp. 0.01% 224,978 $797K New
ZURA Zura Bio Ltd. 0.01% 133,200 $793K No change
BTE Baytex Energy Corp. 0.01% 175,420 $785K New
ERO Ero Copper Corp. 0.01% 27,943 $745K New
EXK Endeavour Silver Corp. 0.01% 79,305 $740K New
DOO BRP Inc./Ca- Sub Voting 0.01% 10,273 $739K New
NG Novagold Resources Inc. 0.00% 77,531 $698K New
TFPM Triple Flag Precious Met 0.00% 18,832 $654K New
SA Seabridge Gold Inc. 0.00% 22,947 $651K New
SVM Silvercorp Metals Inc. 0.00% 59,228 $637K New
PDD PDD Holdings Inc. 0.00% 6,100 $623K Reduce -46.0%
LOGI Logitech International-Reg 0.00% 6,857 $621K New
PPTA Perpetua Resources Corp. 0.00% 21,044 $593K New
VET Vermilion Energy Inc. 0.00% 40,973 $565K New
MRLN Merlin Inc. 0.00% 75,000 $551K New
YEXT Yext Inc. 0.00% 138,655 $532K New
APD Air Products & Chemicals Inc. 0.00% 1,700 $494K No change
BB Blackberry Ltd. 0.00% 145,660 $472K New
NUCL Eagle Nuclear Energy Corp. 0.00% 60,000 $461K New
AES AES Corp. 0.00% 31,800 $448K No change
BZ Kanzhun Ltd. - ADR 0.00% 33,200 $445K No change
BHC Bausch Health Cos Inc. 0.00% 70,624 $382K New
IAUX I-80 Gold Corp. 0.00% 222,703 $338K New
VZLA Vizsla Silver Corp. 0.00% 93,714 $311K New
LSPD Lightspeed Commerce Inc. 0.00% 33,669 $301K New
USAS Americas Gold and Silver Cor 0.00% 54,758 $286K New
LAC Lithium Americas Corp. 0.00% 69,997 $278K New
BITF Bitfarms Ltd./Canada 0.00% 138,750 $272K New
ASM Avino Silver & Gold Mines 0.00% 42,789 $272K New
FCRS.U Futurecrest Acquisition Corp. 0.00% 25,000 $255K No change
ONCH 1RT Acquisition Corp. Class A 0.00% 25,000 $254K No change
WEST Westrock Coffee Co. 0.00% 50,000 $213K New
APTV Aptiv PLC 0.00% 3,000 $208K Reduce -98.9%
TME Tencent Music Entertainm-ADR 0.00% 15,000 $139K Reduce -70.2%
FUSE Fusemachines Inc. 0.00% 47,500 $45K No change

Options reported separately and not counted above: SPY puts ($260.1M), IWM puts ($173.6M), CZR puts ($2.6M).

Other holdings (166): bonds, preferreds, convertibles and warrants · $1.7B (not counted above)
SecurityClassShares / PrincipalValueChange
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 25,000,000$179.3MReduce -44.4%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 32,500,000$153.8MNo change
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 30,000,000$116.8MNo change
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 45,000,000$108.1MAdd +28.6%
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal 24,750,000$83.6MNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 45,000,000$68.6MAdd +5.9%
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal 40,000,000$61.3MNo change
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 23,000,000$60.5MReduce -42.5%
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal 40,000,000$56.2MAdd +33.3%
PEABODY ENERGY CORP (BTU 3.25 03/01/28) NOTE 3.250% 3/0 · principal 30,000,000$55.1MNo change
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 27,500,000$45.6MNew
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 35,000,000$45.1MNo change
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 25,000,000$43.5MNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 30,000,000$41.6MNo change
ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) NOTE 2.250% 9/0 · principal 30,000,000$37.2MNo change
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 30,000,000$34.8MNo change
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 25,000,000$32.3MNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 25,000,000$32.1MNo change
SILVERCORP METALS INC NOTE 4.750%12/1 · principal 12,000,000$30.9MNo change
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal 25,000,000$29.5MReduce -9.1%
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 30,000,000$29.1MNo change
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 25,000,000$26.3MNo change
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal 25,000,000$25.9MNo change
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 25,000,000$24.7MNo change
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 20,000,000$24.4MNew
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal 10,000,000$24.2MNo change
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 20,000,000$22.0MNo change
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 20,000,000$20.1MNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 16,500,000$19.0MNo change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 300,000$17.1MReduce -25.0%
BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) NOTE 1.750% 3/0 · principal 10,000,000$17.0MNew
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 15,000,000$15.3MReduce -25.0%
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 300,000$12.9MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 175,000$10.2MNo change
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD 150,000$8.2MReduce -50.0%
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 150,000$6.8MNew
BLACKBERRY LTD (BBCN 3 02/15/29) NOTE 3.000% 2/1 · principal 5,000,000$5.8MNo change
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal 10,000,000$5.1MNo change
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 100,000$4.0MNo change
LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) NOTE 2.875% 1/1 · principal 3,000,000$3.2MNo change
LCI INDUSTRIES (LCII 3 03/01/30) NOTE 3.000% 3/0 · principal 2,500,000$3.0MNew
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 660,000$2.4MNo change
JOBY AVIATION INC (JOBY 0.75 02/15/32) NOTE 0.750% 2/1 · principal 2,500,000$2.1MNew
WHIRLPOOL CORP (WHR 8.5 02/15/29 A) 8.5 DEP SR A CNV 50,000$2.0MNew
INFQ.WS Churchill Capital Corp. X *W EXP 02/17/203 375,000$1.7MNew
FTW.WS Presidio Pubco Inc. *W EXP 03/04/203 1,150,000$932KNew
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 850,000$918KNo change
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 490,000$598KNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 375,000$536KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 750,000$518KNo change
NUCLW Eagle Nuclear Energy Corp. *W EXP 02/25/203 300,000$417KNew
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 1,237,500$369KNo change
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 275,000$366KNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 333,333$347KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 1,500,000$315KNo change
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 312,525$297KNew
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 980,000$296KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 100,000$295KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 500,000$280KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 750,000$263KNo change
KBONW Karbon Capital Partners Corp. *W EXP 12/11/203 500,000$257KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 980,000$255KNo change
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 625,000$250KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,237,500$223KNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 250,000$215KNo change
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 700,000$210KNo change
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 326,666$209KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 375,000$191KNo change
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 450,000$191KAdd +0.1%
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 375,000$169KNo change
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 483,333$167KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 387,500$159KNo change
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 625,000$156KNo change
ALOVW Aldabra 4 Liquidity Opportun *W EXP 12/23/203 333,333$150KNew
ALUB.WS Alussa Energy Acquisition-30 *W EXP 99/99/999 416,666$150KNo change
EVOXW Evolution Global Acquisition *W EXP 10/22/203 375,000$150KNew
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 500,000$150KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 700,000$150KNo change
GPACW General Purpose Acquisition *W EXP 12/03/203 600,000$144KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 466,666$140KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 700,000$140KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 750,000$135KNo change
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 875,000$132KNo change
IMSRW HCM II Acquisition Corp. - 29 *W EXP 10/28/203 50,000$130KNo change
HQWWW Horizon Quant -31 *W EXP 03/19/203 62,500$128KNew
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 750,000$128KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 350,000$126KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 250,000$125KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 375,000$124KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 600,000$120KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 175,000$119KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 812,500$114KNo change
CCXIW Churchill Capital Corp. Xi *W EXP 12/10/203 150,000$113KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 990,000$109KNo change
OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 166,666$108KNew
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 275,000$103KNo change
ADACW American Dr Acq A -30 *W EXP 02/06/203 333,333$100KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 200,000$100KNo change
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 200,000$100KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 500,000$95KNo change
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 375,000$94KNo change
SVIVW Spring Valley Acquisition Co. *W EXP 01/22/203 125,000$91KNew
SORNW Soren Acquisition Corp. *W EXP 12/19/203 283,333$91KNew
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 375,000$90KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 400,000$88KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 350,000$88KNo change
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 250,000$83KNo change
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 183,333$83KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 416,666$79KNo change
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 175,000$77KNo change
LPCVW Launchpad Cadenza Acquisitio *W EXP 12/15/203 333,333$77KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 490,000$76KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 100,000$75KNo change
AEAQW Activate Energy Acquisition *W EXP 11/10/203 225,000$74KNo change
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 241,666$73KNo change
AIRJW Power & Digital Acq -CW24 *W EXP 03/15/202 125,000$70KNo change
ZKPW Lafayette Digital Acqu - 31 *W EXP 12/23/203 250,000$70KNew
SCPQW Social Commerce Partner - 30 *W EXP 02/13/203 250,000$68KNo change
VHCPW Vine Hill Capital Investment *W EXP 11/25/203 166,666$67KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 166,666$66KNew
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 250,000$66KNo change
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 250,000$65KNo change
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 250,000$65KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 490,000$64KNo change
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 131,250$63KNo change
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 250,000$60KNo change
BIII.WS Black Spade Acquisition III *W EXP 99/99/999 166,666$58KNew
LFACW Leapfrog Acquisition Corp. *W EXP 11/10/203 200,000$58KNo change
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 125,000$58KNo change
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 300,000$57KNo change
ARTCW Art Technology Acquisition C *W EXP 12/19/203 187,500$57KNew
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 118,889$56KAdd +397.7%
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 250,000$55KNo change
BLRKW Bluerock Acquisition Corp. *W EXP 12/12/203 166,666$55KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 200,000$54KNo change
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 375,000$52KNo change
BEBE.WS Tge Value Creative Solutions *W EXP 09/16/203 175,000$51KNo change
BGLWW Blue Gold Ltd. *W EXP 04/01/203 250,000$50KNo change
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 125,000$50KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 400,000$50KNo change
SVAQW Silicon Valley Acquisition C *W EXP 12/08/203 175,000$50KNo change
ITHAW Ithax Acquisition Corp. III *W EXP 11/17/203 200,000$48KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 250,000$45KNo change
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 125,290$44KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 133,333$43KNo change
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 175,000$42KNew
SVIAW Procap Financial Inc. *W EXP 12/05/203 150,000$42KNo change
DSACW Daedalus Spec Acq -30 *W EXP 11/24/203 100,000$41KNo change
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 125,000$40KNo change
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 125,000$37KNo change
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 300,000$36KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 125,000$34KNo change
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 50,000$33KNo change
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 115,000$29KNo change
FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 200,000$22KNo change
KRSP.WS Rice Acquisition Corp. 3 *W EXP 99/99/999 25,000$20KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 162,500$20KNo change
NAMMW Namib Minerals *W EXP 06/05/203 141,065$19KNo change
FUSEW CSLM Holdings Inc. - 30 *W EXP 10/22/203 237,500$18KNo change
CPTWF Captivision Inc.-28 *W EXP 11/15/202 250,000$15KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 75,000$14KNo change
VSEEW Digital Health Acquist-CW23 *W EXP 99/99/999 250,000$9KNo change
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 50,000$8KNo change
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 200,000$7KNo change
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 6,250$3KNo change
SCAGW Scage Future -30 *W EXP 05/15/203 35,677$2KNo change

Total filed on the 13F, all lines: $16.2B.

Portfolio Sells Q4 2025 → Q1 2026
IVV iShares Core S&P 500 ETF Reduce -17.1% 26.03% −5.92
NVDA Nvidia Corp. Sold out 0.00% −0.98
SPY SS SPDR S&P 500 ETF Trust-US Reduce -31.9% 1.77% −0.87
AAPL Apple Inc. Sold out 0.00% −0.71
JPM JPMorgan Chase & Co. Reduce -92.6% 0.04% −0.57
TSLA Tesla Inc. Sold out 0.00% −0.56
ENB Enbridge Inc. Reduce -62.0% 0.39% −0.49
EXAS Exact Sciences Corp. Sold out 0.00% −0.47
AVGO Broadcom Inc. Sold out 0.00% −0.40
ADBE Adobe Inc. Sold out 0.00% −0.40
TEAM Atlassian Corp. Class A Sold out 0.00% −0.39
MSFT Microsoft Corp. Sold out 0.00% −0.38
GOOGL Alphabet Inc. Class A Reduce -38.3% 0.53% −0.38
KLAC KLA Corp. Sold out 0.00% −0.38
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.36
NFLX Netflix Inc. Reduce -86.2% 0.06% −0.33
RTO Rentokil Initial PLC-SP ADR Sold out 0.00% −0.32
CHRW C.H. Robinson Worldwide Inc. Reduce -76.3% 0.10% −0.30
SEE Sealed Air Corp. Reduce -45.2% 0.40% −0.30
AMZN Amazon.com Inc. Sold out 0.00% −0.26
FTW Eqv Ventures Acquisition C-A Sold out 0.00% −0.24
INSM Insmed Inc. Sold out 0.00% −0.24
GOOG Alphabet Inc. Class C Sold out 0.00% −0.21
KBR KBR Inc. Sold out 0.00% −0.20
GFL GFL Environmental Inc.-Sub VT Reduce -90.7% 0.02% −0.20
NOW ServiceNow Inc. Sold out 0.00% −0.18
META Meta Platforms Inc. Class A Reduce -22.8% 0.36% −0.16
BAM Brookfield Asset Mgmt-A Reduce -81.0% 0.03% −0.15
LLY Eli Lilly & Co. Sold out 0.00% −0.15
WTW Willis Towers Watson PLC Reduce -43.0% 0.16% −0.15
FYBR Frontier Communications Pare Sold out 0.00% −0.14
APTV Aptiv PLC Reduce -98.9% 0.00% −0.14
SF Stifel Financial Corp. Sold out 0.00% −0.12
MFC Manulife Financial Corp. Reduce -15.8% 0.55% −0.12
GIB Cgi Inc. Reduce -10.4% 0.32% −0.12
DAY Dayforce Inc. Sold out 0.00% −0.12
LGN Legence Corp. Class A Sold out 0.00% −0.11
TRS Trimas Corp. Sold out 0.00% −0.11
NGD New Gold Inc. Sold out 0.00% −0.11
URI United Rentals Inc. Sold out 0.00% −0.11
OTIS Otis Worldwide Corp. Sold out 0.00% −0.10
JHG Janus Henderson Group PLC Sold out 0.00% −0.10
APP AppLovin Corp. Class A Sold out 0.00% −0.09
V Visa Inc. Class A Sold out 0.00% −0.09
SOFI Sofi Technologies Inc. Sold out 0.00% −0.09
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.09
AXTA Axalta Coating Systems Ltd. Sold out 0.00% −0.09
AVTR Avantor Inc. Sold out 0.00% −0.08
GIL Gildan Activewear Inc. Reduce -10.7% 0.38% −0.08
SIRI Sirius XM Holdings Inc. Sold out 0.00% −0.08

Portfolio Buys Q4 2025 → Q1 2026
VOO Vanguard S&P 500 ETF Add +72.1% 13.77% +5.63
CNQ Canadian Natural Resources Add +338.3% 2.97% +2.52
BNS Bank of Nova Scotia Add +178.0% 2.17% +1.37
TRP TC Energy Corp. Add +296.2% 1.72% +1.35
CM Can Imperial BK of Commerce Add +721.0% 1.39% +1.24
MSTR Strategy Inc. New 1.18% +1.18
CVE Cenovus Energy Inc. Add +67.0% 1.68% +1.06
SU Suncor Energy Inc. Add +73.5% 1.67% +1.04
TD Toronto-Dominion Bank Add +31.9% 2.69% +0.69
GPGI Gpgi Inc. New 0.63% +0.63
PBA Pembina Pipeline Corp. Add +374.3% 0.66% +0.55
WBS Webster Financial Corp. New 0.33% +0.33
AEM Agnico Eagle Mines Ltd. Add +0.8% 1.61% +0.32
RY Royal Bank of Canada Add +15.7% 2.44% +0.28
SONY Sony Group Corp. - SP ADR New 0.28% +0.28
SII Sprott Inc. Add +1266.1% 0.21% +0.20
SLB SLB Ltd. Add +35.1% 0.43% +0.20
PEN Penumbra Inc. New 0.18% +0.18
JBS JBS NV-A Add +8.7% 0.62% +0.18
SW Smurfit Westrock PLC Add +39.3% 0.53% +0.17
FNV Franco-Nevada Corp. Add +682.1% 0.18% +0.17
NTR Nutrien Ltd. Add +23.7% 0.44% +0.16
SOBO South Bow Corp. Add +858.2% 0.17% +0.16
AAUC Allied Gold Corp. New 0.15% +0.15
SKE Skeena Resources Ltd. Add +260.3% 0.18% +0.14
FVAV Fortress Value Acquis V Class A New 0.14% +0.14
IEAG Infinite Eagle Class-A New 0.14% +0.14
WPM Wheaton Precious Metals Corp. Add +167.2% 0.20% +0.13
TU Telus Corp. New 0.13% +0.13
SHOP Shopify Inc. Class A Add +57.7% 0.76% +0.13
ACAAU Averin Capital Acquisition C New 0.12% +0.12
MLAAU Mountain Lake Acquisition Co. New 0.12% +0.12
TXNM TXNM Energy Inc. Add +45.7% 0.36% +0.12
EFXT Enerflex Ltd. New 0.12% +0.12
AXP American Express Co. Add +51.8% 0.50% +0.11
OS Onestream Inc. Add +805.4% 0.11% +0.10
SUMAU Suma Acquisition Corp. New 0.10% +0.10
PTORU Praetorian Acquisition Corp. New 0.10% +0.10
BNT Brookfield Wealth Solutions New 0.09% +0.09
WHR Whirlpool Corp. New 0.08% +0.08
CP Canadian Pacific Kansas City Add +3.6% 0.63% +0.08
DSGX The Descartes Systems Grp New 0.08% +0.08
AL Sumisho Air Lease Corp. Add +33.3% 0.27% +0.07
KVUE Kenvue Inc. Add +34.3% 0.26% +0.07
JENA Jena Acquisition Corp. II - A New 0.07% +0.07
HACQU HCM IV Acquisition Corp. New 0.07% +0.07
MEVOU M Evo Global Acquisition Cor New 0.07% +0.07
CCJ Cameco Corp. Add +286.8% 0.09% +0.07
ARCIU Archimedes Tech Spac Partner New 0.07% +0.07
OIM Oneim Acquisition Class-A New 0.07% +0.07

Options Activity Q4 2025 → Q1 2026
SPY SS SPDR S&P 500 ETF Trust-US put Add +33.3% 400,000 $260.1M
IWM iShares Russell 2000 ETF put New 700,000 $173.6M
CZR Caesars Entertainment Inc. put New 100,000 $2.6M
RKT Rocket Cos Inc. Class A put Sold out 110,000 $2.1Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2025 → Q1 2026
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Reduce -44.4% 25,000,000 $179.3M
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal Add +28.6% 45,000,000 $108.1M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Add +5.9% 45,000,000 $68.6M
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal Reduce -42.5% 23,000,000 $60.5M
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal Add +33.3% 40,000,000 $56.2M
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal New 27,500,000 $45.6M
CNX RESOURCES CORP (CNX 2.25 05/01/26) NOTE 2.250% 5/0 · principal Sold out 14,500,000 $41.5Mbefore exit
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal Sold out 27,000,000 $40.2Mbefore exit
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal Reduce -9.1% 25,000,000 $29.5M
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal New 20,000,000 $24.4M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Reduce -25.0% 300,000 $17.1M
BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) NOTE 1.750% 3/0 · principal New 10,000,000 $17.0M
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal Sold out 15,000,000 $16.4Mbefore exit
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Reduce -25.0% 15,000,000 $15.3M
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal Sold out 12,500,000 $13.8Mbefore exit
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal Sold out 10,000,000 $11.6Mbefore exit
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal Sold out 10,000,000 $9.8Mbefore exit
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD Reduce -50.0% 150,000 $8.2M
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 150,000 $6.8M
LCI INDUSTRIES (LCII 3 03/01/30) NOTE 3.000% 3/0 · principal New 2,500,000 $3.0M
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 Sold out 375,000 $2.9Mbefore exit
JOBY AVIATION INC (JOBY 0.75 02/15/32) NOTE 0.750% 2/1 · principal New 2,500,000 $2.1M
WHIRLPOOL CORP (WHR 8.5 02/15/29 A) 8.5 DEP SR A CNV New 50,000 $2.0M
INFQ.WS Churchill Capital Corp. X *W EXP 02/17/203 New 375,000 $1.7M
FTW.WS Presidio Pubco Inc. *W EXP 03/04/203 New 1,150,000 $932K
EQV VENTURES ACQUISITION *W EXP 07/01/203 Sold out 1,150,000 $552Kbefore exit
BACQR Inflection Point Acquisition RIGHT 11/04/2026 Sold out 750,000 $551Kbefore exit
NUCLW Eagle Nuclear Energy Corp. *W EXP 02/25/203 New 300,000 $417K
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 New 312,525 $297K
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 Add +0.1% 450,000 $191K
ALOVW Aldabra 4 Liquidity Opportun *W EXP 12/23/203 New 333,333 $150K
EVOXW Evolution Global Acquisition *W EXP 10/22/203 New 375,000 $150K
HQWWW Horizon Quant -31 *W EXP 03/19/203 New 62,500 $128K
OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 New 166,666 $108K
SVIVW Spring Valley Acquisition Co. *W EXP 01/22/203 New 125,000 $91K
SORNW Soren Acquisition Corp. *W EXP 12/19/203 New 283,333 $91K
BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 Sold out 700,000 $79Kbefore exit
ZKPW Lafayette Digital Acqu - 31 *W EXP 12/23/203 New 250,000 $70K
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 New 166,666 $66K
BIII.WS Black Spade Acquisition III *W EXP 99/99/999 New 166,666 $58K
ARTCW Art Technology Acquisition C *W EXP 12/19/203 New 187,500 $57K
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 Add +397.7% 118,889 $56K
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 New 175,000 $42K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 463$15.6BIVV, VOO, TD, RY, SPY
Q1 2026 411$14.6BIVV, VOO, CNQ, TD, RY
Q4 2025Amended 609$15.0BIVV, VOO, SPY, RY, TD
Q3 2025Amended 399$12.4BIVV, SPY, VOO, RY, AEM
Q2 2025Amended 471$11.8BIVV, SPY, VOO, RY, TD
Q1 2025 700$13.9BIVV, SPY, RY, TD, BN
Q4 2024 747$14.3BIVV, SPY, RY, BN, TD
Q3 2024 713$11.0BIVV, SPY, RY, TD, BN
Q2 2024 647$9.0BIVV, SPY, RY, CNQ, SU
Q1 2024 959$9.4BIVV, RY, TD, SU, CNQ