AQR Arbitrage LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), AQR Arbitrage LLC reported 269 stock positions worth $3.7 billion. Its top holding was Qorvo (QRVO) at 3.2% of the portfolio, followed by Teck Resources Ltd.-CLS B (TECK, 3.1%) and Norfolk Southern (NSC, 2.7%). Compared with Q3 2025, it opened 90 new positions, sold out of 55, added to 21 and reduced 46. The biggest buy was a new position in Qorvo (QRVO) and the biggest sale an exit from Interpublic Group of Cos (IPG).

Most Recent 13F
Q2 2026
Location
Greenwich, CT
CIK
0001167456
Portfolio Value
$3.7B (Q4 2025)
SEC Filing
0001167456-26-000001 ↗ filed Feb 17, 2026

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $1.9B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.4B Q3 2024 Q4 2024: $2.4B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.7B Q2 2025 Q3 2025: $2.8B Q3 2025 Q4 2025: $3.7B $3.7B Q4 2025 Q1 2026: $5.1B Q1 2026 Q2 2026: $5.8B Q2 2026

Holdings 269 stocks · $3.7B
QRVO Qorvo Inc. 3.19% 1,398,701 $118.2M New
TECK Teck Resources Ltd.-CLS B 3.06% 2,366,021 $113.3M Add +813.0%
NSC Norfolk Southern Corp. 2.67% 342,479 $98.9M Add +74.5%
CYBR Cyberark Software Ltd./Israel 2.61% 217,384 $97.0M Add +77.6%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 2.57% 1,485,209 $95.4M Add +47.3%
CADE Cadence Bank 2.52% 2,179,665 $93.4M New
NGD New Gold Inc. 2.47% 10,530,591 $91.7M New
GTLS Chart Industries Inc. 2.41% 433,498 $89.4M Add +14.5%
CMA Comerica Inc. 2.37% 1,009,326 $87.7M New
FYBR Frontier Communications Pare 2.05% 1,998,580 $76.1M Add +26.4%
TXNM TXNM Energy Inc. 1.87% 1,180,015 $69.5M Add +12.7%
EA Electronic Arts Inc. 1.86% 337,241 $68.9M Add +236.2%
KVUE Kenvue Inc. 1.63% 3,502,931 $60.4M New
LBRDK Liberty Broadband-C 1.40% 1,069,280 $52.0M Add +24.7%
DAY Dayforce Inc. 1.38% 742,018 $51.3M Add +135.7%
WBD Warner Bros Discovery Inc. 1.34% 1,731,448 $49.9M New
SEE Sealed Air Corp. 1.18% 1,054,612 $43.7M New
RIO Rio Tinto PLC-Spon ADR 1.16% 536,093 $42.9M Add +105.4%
CFLT Confluent Inc. Class A 1.15% 1,405,524 $42.5M New
REVG Rev Group Inc. 1.12% 680,243 $41.4M New
NWE Northwestern Energy Group Inc. 1.06% 607,028 $39.2M Add +2434.9%
CSGS CSG Systems Intl Inc. 1.04% 503,695 $38.6M New
BHF Brighthouse Financial Inc. 0.99% 566,154 $36.7M New
WTRG Essential Utilities Inc. 0.98% 948,884 $36.4M New
CDTX Cidara Therapeutics Inc. 0.94% 157,709 $34.8M New
HI Hillenbrand Inc. 0.90% 1,047,360 $33.2M New
CWAN Clearwater Analytics HDS-A 0.86% 1,320,128 $31.8M New
HOLX Hologic Inc. 0.84% 419,657 $31.3M New
FOLD Amicus Therapeutics Inc. 0.76% 1,983,109 $28.2M New
HOUS Anywhere Real Estate Inc. 0.71% 1,870,356 $26.5M Add +98.2%
FTW Eqv Ventures Acquisition C-A 0.69% 2,423,674 $25.4M No change
ANSC Agriculture & Natural Soluti 0.61% 2,035,706 $22.7M No change
BEAG Bold Eagle Acquisition Cor-A 0.58% 2,020,363 $21.4M No change
STAA Staar Surgical Co. 0.57% 914,573 $21.1M Add +45.1%
EXAS Exact Sciences Corp. 0.53% 191,853 $19.5M New
ALF Centurion Acquisition Corp. 0.50% 1,749,642 $18.7M No change
AXTA Axalta Coating Systems Ltd. 0.49% 568,154 $18.4M New
SEMR Semrush Holdings Inc. Class A 0.48% 1,509,678 $18.0M New
AMWD American Woodmark Corp. 0.47% 319,888 $17.2M Add +35.8%
TACH Titan Acquisition Corp. Class A 0.46% 1,666,912 $17.1M No change
DBRG Digitalbridge Group Inc. 0.46% 1,112,891 $17.1M New
ALDF Aldel Financial II Inc. 0.46% 1,614,870 $17.0M No change
GPAT GP-Act III Acquisition-A 0.45% 1,576,119 $16.9M No change
CUB Lionheart Holdings Class A 0.45% 1,572,344 $16.8M No change
GIW GIGCAPITAL8 Corp. Class A 0.45% 1,694,769 $16.8M New
LPAA Launch One Acquisition Corp. 0.45% 1,573,742 $16.7M No change
NPAC New Providence Acquisition-A 0.45% 1,613,382 $16.6M No change
TONT Graf Global Corp. Class A 0.44% 1,511,378 $16.3M No change
LPBB Launch Two Acquisition Class A 0.43% 1,509,683 $15.9M No change
SIMA Sim Acquisition Corp. I-A 0.42% 1,455,722 $15.4M No change
AACB Artius II Acquisition Inc. Class A 0.41% 1,490,205 $15.3M No change
SNV Synovus Financial Corp. 0.41% 302,981 $15.2M New
VACH Voyager Acquisition Corp. 0.41% 1,418,939 $15.1M No change
RAC Rithm Acquisition Corp. Class A 0.41% 1,451,934 $15.1M No change
AVAV Aerovironment Inc. 0.41% 62,300 $15.1M New
RNAM Avidity Biosciences Inc. 0.41% 208,705 $15.1M New
LEGT Legato Merger Corp. III 0.41% 1,380,892 $15.0M No change
OACC Oaktree Acquisition Corp. I-A 0.41% 1,412,750 $15.0M No change
POLE Andretti Acquisition Corp. Class A 0.40% 1,400,933 $14.8M No change
MLAC Mountain Lake Acquisition-A 0.39% 1,405,707 $14.6M Reduce -6.3%
KCHV Kochav Defense Acquisition-A 0.39% 1,429,380 $14.5M No change
AHL Aspen Insurance Holdings Class A 0.39% 388,918 $14.4M Add +55.1%
SBXDF Silverbox Corp. IV-A 0.38% 1,347,002 $14.3M No change
FERA Fifth Era Acquisition Corp. Class A 0.38% 1,386,220 $14.2M No change
SDHI Siddhi Acquisition Corp. Class A 0.36% 1,307,013 $13.4M No change
FACT Fact II Acquisition Corp. 0.36% 1,277,639 $13.3M No change
SZZL Sizzle Acquisition Corp. Class A 0.36% 1,305,022 $13.3M No change
SOUL Soulpower Acquisition Co. Class A 0.36% 1,305,022 $13.2M No change
TGNA Tegna Inc. 0.34% 659,164 $12.8M Add +16.3%
HVMC Highview Merger Corp. Class A 0.34% 1,268,222 $12.7M No change
JACS Jackson Acquisition Co. Class A 0.34% 1,216,792 $12.7M No change
JHG Janus Henderson Group PLC 0.34% 264,560 $12.6M New
KOYN CSLM Digital Asset Acqu - A 0.33% 1,213,440 $12.1M No change
BCSS Bain Capital GSS Inv- A 0.32% 1,184,700 $11.9M Reduce -21.0%
MESHU Meshflow Acquisition Corp. 0.32% 1,191,409 $11.9M New
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.32% 1,153,104 $11.9M No change
DRDB Roman DBDR Acquisition Corp. 0.32% 1,133,577 $11.8M No change
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.31% 1,105,491 $11.7M Reduce -38.5%
VECO Veeco Instruments Inc. 0.31% 407,574 $11.6M New
OYSE Oyster Enterprises II Acq-A 0.31% 1,138,688 $11.5M No change
TDAC Translational Development Ac 0.31% 1,096,989 $11.5M No change
GTEN Gores Holdings X Inc. Class A 0.31% 1,113,336 $11.5M No change
BIXI Bitcoin Infrastructure Class A 0.31% 1,160,097 $11.4M New
EVAC Eqv Ventures Acquisition C-A 0.31% 1,140,082 $11.4M Reduce -24.1%
TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP 0.31% 1,088,643 $11.4M New
MBVI M3-Brigade Acquisition Class A 0.31% 1,141,824 $11.4M No change
TACO Berto Acquisition Corp. 0.31% 1,125,872 $11.4M No change
DMII Drugs Made in America Acquis 0.31% 1,151,400 $11.4M Reduce -23.2%
SVCC Stellar V Capital Corp. Class A 0.31% 1,096,174 $11.4M No change
XRPN Armada Acquisition Class A 0.30% 1,103,854 $11.3M Reduce -0.4%
CRANU Crane Harbor Acquisition Cor 0.30% 1,113,168 $11.2M New
TVA Texas Ventures Acquisition-A 0.30% 1,047,529 $11.1M Reduce -20.3%
DAAQ Digital Asset Acquisiti Class A 0.30% 1,080,396 $11.0M No change
RAAQ Real Asset Acquisiti Class A 0.30% 1,075,396 $11.0M No change
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.30% 1,059,589 $11.0M Reduce -17.6%
SVAQU Silicon Valley Acquisition C 0.29% 1,096,480 $10.9M New
RNGT Range Capital Acquisit Class A 0.29% 1,089,340 $10.9M New
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.29% 1,049,692 $10.8M No change
NHIC Newhold Investment Cor III-A 0.29% 1,033,008 $10.7M No change
LWAC Lightwave Acquisition Corp. Class A 0.29% 1,064,528 $10.7M Reduce -24.0%
IPCX Inflection Point Acquisiti-A 0.29% 1,052,225 $10.7M No change
NTWO Newbury Street II Ac Class A 0.29% 1,017,744 $10.6M No change
ADACU American Drive Acquisition C 0.29% 1,064,004 $10.6M New
LPCVU Launchpad Cadenza Acquisitio 0.29% 1,064,004 $10.6M New
MACI Melar Acquisition Corp. I-A 0.29% 997,179 $10.6M No change
CRAQ Cal Redwood Acquisit Class A 0.29% 1,040,125 $10.6M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.28% 1,020,682 $10.5M No change
AAM Aa Mission Acquisition Cor-A 0.28% 982,765 $10.5M No change
ITHAU Ithax Acquisition Corp. III 0.28% 1,042,890 $10.4M New
KFII K&F Growth Acquisition Cor-A 0.28% 994,915 $10.3M No change
PLMK Plum Acquisition Corp. IV 0.27% 960,428 $10.0M No change
ATII Archimedes Tech Spac Partner 0.27% 964,382 $10.0M No change
PACH Pioneer Acquisition I Class A 0.27% 984,608 $9.9M No change
MRLN Merlin Inc. filed as INFLECTION POINT ACQUISITION 0.27% 920,621 $9.9M Reduce -50.9%
IRHOU Iron Horse Acquisition II Co. 0.26% 973,608 $9.7M New
FLR Fluor Corp. 0.26% 243,707 $9.7M New
BCAR D. Boral Arc Acquisit Class A 0.26% 948,694 $9.5M Reduce -24.1%
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 0.26% 934,046 $9.5M Reduce -28.1%
MKLY McKinley Acquisition Co. Class A 0.26% 950,571 $9.5M No change
PCAP Procap Acquisition Corp. Class A 0.25% 929,604 $9.4M No change
CHAC Crane Harbor Acqu Corp. Class A 0.25% 867,540 $9.3M Reduce -40.7%
GSRF GSR IV Acquisition Corp. Class A 0.25% 934,050 $9.3M Reduce -28.1%
CTLP Cantaloupe Inc. 0.25% 870,900 $9.2M No change
AXIN Axiom Intelligence Class A 0.25% 913,726 $9.2M No change
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.25% 913,550 $9.2M No change
AEAQU Activate Energy Acquisition 0.25% 910,266 $9.1M New
EGHA Egh Acquisition Co. Class A 0.24% 893,685 $9.1M No change
GPACU General Purpose Acquisition 0.24% 904,811 $9.1M New
BDCI BTC Development Corp. Class A 0.24% 888,512 $8.9M Reduce -21.0%
PRA Proassurance Corp. 0.24% 366,317 $8.9M Add +4.6%
AEXA American Exceptionalism Class A 0.24% 770,000 $8.8M Reduce -23.0%
GWRE Guidewire Software Inc. 0.23% 42,954 $8.6M Reduce -18.4%
TLNC Talon Capital Corp. Class A 0.23% 845,133 $8.5M Reduce -27.0%
OBA Oxley Bridge Acquisitio Class A 0.23% 836,356 $8.4M Reduce -24.0%
ATXS Astria Therapeutics Inc. 0.22% 627,293 $8.2M New
SAC.U Safeguard Acquisition Corp. 0.22% 812,750 $8.2M New
DVAX Dynavax Technologies Corp. 0.22% 531,812 $8.2M New
BEBE.U Tge Value Creative Solutions 0.22% 808,912 $8.0M New
APXTU Apex Treasury Corp. 0.22% 798,868 $8.0M New
MOFG Midwestone Financial Group I 0.21% 206,184 $7.9M New
RANG Range Capital Acquisition Co. 0.21% 747,683 $7.9M No change
FG MERGER II CORP 0.21% 784,000 $7.9M No change
HAYMAKER ACQUISITION CORP 4 0.21% 686,006 $7.8M No change
SBXE.U Silverbox Corp. V 0.21% 775,551 $7.8M New
TWLVU Twelve Seas Investment Co. II 0.21% 782,168 $7.8M New
CEPF Cantor Equity Partners Class A 0.21% 756,700 $7.8M No change
BLRKU Bluerock Acquisition Corp. 0.21% 775,535 $7.8M New
VNME Vendome Acquisition Corp. Class A 0.21% 764,302 $7.7M Reduce -23.6%
RDAG Republic Digital Acquis Class A 0.20% 734,626 $7.4M No change
BLZR Trailblazer Acquisition Class A 0.20% 732,789 $7.3M Reduce -26.7%
IBAC Ib Acquisition Corp. 0.20% 688,646 $7.2M Reduce -25.0%
TAVI Tavia Acquisition Corp. 0.19% 688,596 $7.2M No change
SPKLF Spark I Acquisition Corp. 0.19% 633,999 $7.2M No change
JENA Jena Acquisition Corp. II - A 0.19% 679,186 $6.9M No change
INAC Indigo Acquisition Corp. 0.19% 683,910 $6.9M No change
JAMF Jamf Holding Corp. filed as JAMF HLDG CORP 0.18% 525,470 $6.8M New
WENN Wen Acquisition Corp. Class A 0.18% 671,326 $6.8M No change
TVAI Thayer Ventures Acquis Class A 0.18% 668,973 $6.8M No change
LATA Galata Acqu Corp. II Class A 0.18% 677,427 $6.7M Reduce -24.7%
VHCPU Vine Hill Capital Investment 0.18% 665,006 $6.7M New
LAFA Lafayette Acquisition Corp. 0.18% 659,588 $6.5M New
HAVAU Harvard Ave Acquisition Corp. 0.18% 652,075 $6.5M New
ALUB.U Alussa Energy Acquisition Co. 0.18% 644,800 $6.5M New
JAZZ Jazz Pharmaceuticals PLC 0.18% 38,224 $6.5M Add +14.7%
MKSI MKS Inc. 0.17% 40,090 $6.4M Add +7.3%
NMP NMP Acquisition Corp. Class A 0.17% 626,907 $6.3M No change
COPL Copley Acquisition Corp. Class A 0.17% 613,192 $6.2M No change
ALEX Alexander & Baldwin Inc. 0.17% 296,463 $6.1M New
PLYM Plymouth Industrial REIT Inc. 0.16% 279,525 $6.1M New
NOEM CO2 Energy Transition Corp. 0.16% 585,000 $6.0M No change
MICC The Magnum Ice Cream Co. NV 0.16% 375,266 $5.9M New
OTGA Otg Acquisition Corp. I Class A 0.16% 594,254 $5.9M Reduce -25.7%
SCPQU Social Commerce Partners Cor 0.16% 582,505 $5.8M New
DNMXU Dynamix Corp. III 0.16% 578,605 $5.8M New
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 0.16% 565,876 $5.8M No change
DSACU Daedalus Special Acquisition 0.15% 570,586 $5.7M New
UDMY Udemy Inc. 0.15% 976,843 $5.7M New
PAII Pyrophyte Acquisition Corp. Class A 0.15% 566,998 $5.7M No change
IGACU Invest Green Acquisition Cor 0.15% 561,502 $5.6M New
HCACU Hall Chadwick Acquisition Co. 0.15% 559,867 $5.6M New
EVOX Evolution Global Acquis Class A 0.15% 565,074 $5.6M New
CHAR Charlton Aria Acquisiti Class A 0.15% 525,203 $5.5M No change
PGAC Pantages Capital Acquisition 0.15% 530,607 $5.5M No change
YCY Aa Mission Acquisition-A 0.15% 553,546 $5.5M New
LKSP Lake Superior Acquisiti Class A 0.15% 544,670 $5.4M New
CHEC Chenghe Acquisition II Class A 0.14% 523,030 $5.2M Reduce -25.3%
BACC Blue Acquisition Corp. Class A 0.14% 509,511 $5.2M Reduce -4.3%
LFACU Leapfrog Acquisition Corp. 0.14% 512,939 $5.1M New
GDEN Golden Entertainment Inc. 0.14% 187,848 $5.1M New
HTBK Heritage Commerce Corp. 0.13% 409,465 $4.9M New
FOX Fox Corp. Class B 0.13% 73,664 $4.8M New
AIIA AI Infrastructure Ac-A 0.13% 466,860 $4.6M New
EMIS Emmis Acquisition Corp. Class A 0.12% 460,560 $4.6M Reduce -23.2%
VACI.U Viking Acquisitions Corp. I 0.12% 448,237 $4.5M New
ORIQ Origin Investment Corp. I 0.12% 436,650 $4.4M No change
TDWD Tailwind 2.0 Acquisitio Class A 0.12% 446,250 $4.4M New
HSPT Horizon Space Acquisition II 0.12% 414,354 $4.4M No change
VCIC Vine Hill Capital Class A 0.11% 390,614 $4.2M Reduce -59.5%
QETA Quetta Acquisition Corp. 0.11% 348,475 $4.0M No change
CCII Cohen Circle Acquisit II - A 0.10% 379,938 $3.9M Reduce -24.0%
DMAA Drugs Made in America Acquis 0.10% 371,211 $3.8M No change
HCMA HCM III Acquisition Cor Class A 0.10% 379,387 $3.8M No change
IPEX Inflection Point Acquisition 0.10% 370,917 $3.8M No change
QSEA Quartzsea Acquisition Corp. 0.10% 369,960 $3.8M No change
CCIX Churchill Capital Corp. Ix 0.10% 352,581 $3.7M No change
CAPN Cayson Acquisition Corp. 0.10% 349,901 $3.7M No change
CHPG Championsgate Acquisitio-A 0.10% 366,676 $3.7M No change
DYNC Dynamix Corp. 0.10% 359,872 $3.7M No change
RDAC Rising Dragon Acquisition Co. 0.10% 347,804 $3.6M No change
GES Guess? Inc. 0.09% 210,137 $3.5M Add +13.9%
FCRS Futurecrest Acquisition Class A 0.09% 346,488 $3.5M No change
FVN Future Vision II Acquisition 0.09% 326,215 $3.5M No change
ALISU Calisa Acquisition Corp. 0.09% 322,560 $3.4M New
CCXIU Churchill Capital Corp. Xi 0.09% 324,536 $3.3M New
CAEP Cantor Equity Partners III-A 0.09% 322,249 $3.3M No change
QUMS Quantumsphere Acquisition Co. 0.09% 322,660 $3.2M No change
CRACU Crown Reserve Acquisition Co. 0.09% 318,750 $3.2M New
DIAX Nuveen Dow 30 Dynamic Overwr 0.08% 204,492 $3.1M Reduce -25.5%
PMTR Perimeter Acquis Corp. I Class A 0.08% 301,692 $3.1M No change
MCGA Yorkville Acquisition Corp. Class A 0.08% 303,867 $3.1M No change
MMTXU Miluna Acquisition Corp. 0.08% 308,038 $3.1M New
SPEG Silver Pegasus Acquisition-A 0.08% 298,857 $3.0M No change
APAC Stonebridge Acquisition Class A 0.08% 295,988 $2.9M New
KBONU Karbon Capital Partners Corp. 0.08% 286,326 $2.9M New
PELI Pelican Acquisition Corp. 0.08% 274,670 $2.8M No change
CEPO Cantor Equity Partners I-A 0.07% 266,056 $2.8M No change
CIVI Civitas Resources Inc. 0.07% 98,317 $2.7M New
CEPV Cantor Equity Partners Class A 0.07% 256,520 $2.6M New
KVACF Keen Vision Acquisition Corp. 0.07% 219,726 $2.6M No change
DYORU Insight Digital Partners II 0.07% 252,405 $2.5M New
STEW SRH Total Return Fund Inc. 0.07% 137,083 $2.5M Reduce -39.6%
AVDL Avadel Pharmaceuticals Ltd. 0.06% 110,396 $2.4M New
FIGX Figx Capital Acquisition C-A 0.06% 236,024 $2.4M Reduce -23.8%
PSN Parsons Corp. 0.06% 38,055 $2.4M Reduce -38.7%
COLA Columbus Acquisition Corp. 0.06% 224,304 $2.3M No change
SOCA Solarius Capital Acquis Class A 0.06% 226,740 $2.3M No change
LCCC Lakeshore Acquisition III Co. 0.06% 216,589 $2.2M No change
KRSP Rice Acquisition Corp. 3-A 0.05% 197,694 $2.0M New
EURK Eureka Acquisition Corp. 0.05% 179,141 $2.0M No change
SCIIU SC II Acquisition Corp. 0.05% 194,220 $2.0M New
RIBB Ribbon Acquisition Corp. 0.05% 186,895 $1.9M No change
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.05% 125,210 $1.8M Reduce -47.9%
RFAI RF Acquisition Corp. II 0.05% 170,331 $1.8M Reduce -78.0%
YHNA YHN Acquisition I Ltd. 0.05% 167,421 $1.8M Reduce -49.0%
PCH Potlatchdeltic Corp. 0.05% 43,156 $1.7M New
CEPT Cantor Equity Partners Class A 0.05% 149,644 $1.7M Reduce -60.0%
BKHA Black Hawk Acquisition Cor-A 0.04% 139,365 $1.6M No change
NWAX.U New America Acquisition I Co. 0.04% 135,000 $1.4M New
UYSC Uy Scuti Acquisition Corp. 0.04% 131,588 $1.4M No change
FSHP Flag Ship Acquisition Corp. 0.04% 125,200 $1.3M No change
OAKU Oak Woods Acquisition Corp. Class A 0.03% 106,338 $1.3M Reduce -30.0%
ALCYF Alchemy Investments Acquisit 0.03% 85,219 $1.2M No change
FFIC Flushing Financial Corp. 0.03% 77,445 $1.2M New
BSAA Best Spac I Acquisition-A 0.03% 114,034 $1.2M No change
LCID Lucid Group Inc. 0.03% 108,106 $1.1M New
FUND Sprott Focus Trust Inc. 0.03% 124,515 $1.1M Reduce -11.1%
EMF Templeton Emerging Markets 0.03% 61,016 $1.0M Reduce -29.9%
ESHA Esh Acquisition Corp. Class A 0.03% 54,000 $1.0M No change
GTERA Globa Terra Acquisition Co. Class A 0.02% 90,810 $917K No change
WTG Wintergreen Acquisition Corp. 0.02% 85,203 $865K No change
NKLR Terra Innovatum Global NV 0.02% 185,903 $859K New
HEQ John Hancock Divers Inc. Fund 0.02% 76,020 $817K Reduce -34.4%
ONCH 1RT Acquisition Corp. Class A 0.02% 75,932 $775K No change
FLC Flaherty & Crumrine TTL RTRN 0.01% 30,394 $532K Reduce -42.2%
GRX Gabelli Healthcare & Well 0.01% 52,822 $509K Reduce -39.9%
UCFI CN Healthy Food Tech Group C 0.01% 91,050 $502K No change
GF The New Germany Fund Inc. 0.01% 40,119 $458K Reduce -22.7%
PFD Flaherty & Crumrin Pre&inc F 0.01% 35,599 $423K Reduce -41.3%
XGLQX Clough Global Equity Fund 0.01% 48,766 $374K Reduce -54.3%
Other holdings (228): bonds, preferreds, convertibles and warrants · $1.0B (not counted above)
SecurityClassShares / PrincipalValueChange
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 105,022,000$96.1MAdd +186.6%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 90,424,000$85.8MAdd +112.1%
SNAP INC (SNAP 0.5 05/01/30) NOTE 0.500% 5/0 · principal 93,425,000$81.8MAdd +241.3%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 83,509,000$76.9MAdd +8.2%
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 62,140,000$51.2MNew
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 52,690,000$47.0MAdd +197.3%
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal 31,525,000$38.0MNo change
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 40,925,000$36.8MNew
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 21,168,000$36.0MReduce -34.6%
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 28,800,000$28.9MNo change
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 23,180,000$28.6MNew
BOX INC (BOX 1.5 09/15/29) NOTE 1.500% 9/1 · principal 27,571,000$26.9MNew
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 17,000,000$26.4MNo change
GROUPON INC (GRPN 4.875 06/30/30 UNRS) NOTE 4.875% 6/3 · principal 29,500,000$26.0MNo change
WEIBO CORP (WB 1.375 12/01/30) NOTE 1.375%12/0 · principal 22,305,000$25.9MNew
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 24,000,000$25.0MReduce -5.0%
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal 23,600,000$25.0MAdd +23500.0%
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 23,822,000$24.2MAdd +570.1%
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 26,609,000$24.0MAdd +23.1%
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal 23,425,000$23.0MNew
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal 19,875,000$22.1MNew
PAGERDUTY INC. (PD 1.5 10/15/28 *) NOTE 1.500%10/1 · principal 21,286,000$20.3MNo change
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) NOTE 2.250% 6/0 · principal 20,975,000$20.0MNo change
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 19,580,000$19.4MNew
PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) NOTE 2.000% 8/1 · principal 17,251,000$17.6MAdd +1.1%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 16,410,000$16.8MAdd +0.1%
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) NOTE 2.500% 9/0 · principal 9,375,000$9.1MNew
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 101,000$8.1MNo change
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 5,950,000$5.9MReduce -15.9%
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 5,375,000$5.1MAdd +34.4%
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal 4,626,000$4.6MNew
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 4,450,000$4.4MReduce -3.3%
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 4,325,000$4.3MReduce -76.8%
FUBOTV INC (FUBO 3.25 02/15/26) NOTE 3.250% 2/1 · principal 4,063,000$4.1MNo change
BENTLEY SYSTEMS (BSY 0.375 07/01/27) NOTE 0.375% 7/0 · principal 3,236,000$3.1MReduce -82.8%
TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) NOTE 1.500% 3/1 · principal 2,500,000$2.5MNew
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 383,188$1.6MReduce -28.2%
BACQR Inflection Point Acquisition RIGHT 11/04/2026 1,918,600$1.4MReduce -22.1%
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal 1,300,000$1.3MNew
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 681,957$1.2MNo change
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 1,463,990$1.2MReduce -26.1%
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 277,719$1.0MReduce -22.2%
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal 1,000,000$999KNo change
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 1,000,000$992KNo change
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 1,000,000$941KReduce -62.6%
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 1,774,074$727KReduce -25.0%
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 94,279$726KReduce -24.6%
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 2,072,363$663KReduce -26.8%
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 600,000$651KNew
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 719,914$630KReduce -35.4%
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 667,846$601KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 373,784$572KReduce -51.6%
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 1,436,220$560KReduce -19.4%
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 1,694,769$525KNew
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 1,517,205$501KReduce -23.4%
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 510,341$490KReduce -21.5%
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 304,581$487KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 562,691$450KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 529,846$424KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 859,837$413KReduce -25.0%
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 90,000$413KNew
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 1,070,225$385KReduce -23.6%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 135,000$384KNew
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 1,533,906$368KReduce -22.5%
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 5,250$365KReduce -97.9%
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 1,288,444$359KReduce -25.6%
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 600,288$348KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 765,683$345KReduce -22.7%
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 1,429,380$343KReduce -23.6%
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 495,978$340KReduce -21.7%
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 828,935$340KReduce -26.8%
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 1,337,013$334KReduce -23.6%
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 766,689$331KNo change
FGMCR FG Merger II Corp. RIGHT 02/11/2030 792,000$326KNo change
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 1,012,533$324KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 783,153$321KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 1,050,125$315KReduce -23.3%
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 133,434$315KReduce -28.2%
JACKSON ACQUISITION CO II RIGHT 99/99/9999 1,239,792$310KReduce -22.5%
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 300,000$309KReduce -40.0%
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 576,552$306KNo change
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 190,000$294KReduce -99.0%
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 851,956$293KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 537,794$272KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 489,691$269KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 282,084$262KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 740,550$247KNo change
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 547,698$246KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 516,504$243KReduce -26.2%
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 758,593$239KReduce -32.1%
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 1,338,022$234KReduce -23.5%
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 230,000$232KReduce -98.8%
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 148,621$230KNo change
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 377,917$229KReduce -24.4%
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 913,550$228KNo change
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 230,000$228KReduce -99.6%
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 1,138,688$228KReduce -23.3%
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal 250,000$226KReduce -99.5%
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 638,820$224KReduce -24.8%
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 547,698$219KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 896,685$215KReduce -26.3%
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 1,338,022$214KReduce -23.5%
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 606,720$212KNew
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 572,436$212KNo change
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 369,313$211KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 290,150$206KReduce -26.7%
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 777,967$202KNo change
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 802,870$201KNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 311,349$194KReduce -28.1%
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 913,726$192KReduce -23.9%
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 548,087$181KNo change
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 771,969$177KReduce -27.4%
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 818,992$176KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 544,670$174KNew
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 634,111$171KNo change
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 549,992$170KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 371,476$167KNo change
SVIAW Procap Financial Inc. *W EXP 12/05/203 255,624$164KNew
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 580,048$162KNew
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 1,151,400$161KReduce -23.2%
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 532,161$160KReduce -24.0%
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 236,941$154KReduce -21.0%
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 735,596$154KReduce -22.6%
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 222,128$151KReduce -21.0%
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 474,347$149KReduce -24.1%
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 529,987$148KNo change
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal 125,000$146KNew
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 77,810$145KNew
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 281,711$144KReduce -27.0%
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 380,608$141KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 668,973$140KReduce -24.9%
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 169,704$138KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 380,026$133KReduce -24.1%
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 679,186$133KReduce -23.3%
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 871,267$132KReduce -23.2%
TBMCR Trailblazer Merger Corp.-RTS RIGHT 04/21/2028 538,763$131KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 480,214$130KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 492,303$128KNo change
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 508,871$128KReduce -30.0%
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 626,907$126KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 463,173$125KNo change
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 466,860$121KNew
NUTANIX INC (NTNX 0.5 12/15/29) NOTE 0.500%12/1 · principal 125,000$121KNew
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 244,263$117KReduce -26.6%
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 445,407$114KNo change
BKHAR Black Hawk Acquisition C-RTS RIGHT 06/20/2025 87,245$113KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 283,499$113KNo change
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 683,910$109KReduce -24.0%
NOEMR CO2 Energy Transition Co.-RTS RIGHT 10/15/2028 590,000$109KNo change
PGACR Pantages Capital Acquis-RT RIGHT 11/15/2029 542,607$109KReduce -22.5%
EVOXW Evolution Global Acquisition *W EXP 10/22/203 282,537$108KNew
ESHAR Esh Acquisition Corp. - Right RIGHT 06/13/2028 523,991$107KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 150,846$107KNo change
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 105,000$105KAdd +23.5%
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 950,571$105KNo change
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 335,663$104KNo change
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 532,264$101KReduce -24.0%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 95,000$98KReduce -99.8%
NOEMW CO2 Energy Transition -28 *W EXP 08/17/202 590,000$96KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 309,868$96KNo change
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 382,150$96KReduce -23.6%
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 561,653$95KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 292,331$92KNo change
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 418,178$92KReduce -24.0%
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 225,809$90KReduce -24.6%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 80,000$90KNew
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 659,588$89KNew
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal 85,000$89KNo change
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 297,127$86KReduce -25.7%
RDACR Rising Dragon Acquisition Co. RIGHT 11/15/2028 351,804$82KReduce -28.5%
CHARR Charlton Aria Acquisi-Rights RIGHT 12/31/2026 540,703$81KReduce -26.7%
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 311,596$80KNo change
COLAR Columbus Acquisition Corp. RIGHT 99/99/9999 228,304$80KReduce -23.9%
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 694,544$76KReduce -6.3%
QSEAR Quartzsea Acquisition Corp. RIGHT 02/18/2030 380,339$76KReduce -23.9%
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 446,250$73KNew
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 298,857$72KNo change
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal 75,000$70KNo change
EMISR Emmis Acquisition Corp. RIGHT 09/12/2030 460,560$70KReduce -23.2%
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 372,676$69KReduce -23.2%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 70,000$67KNo change
QUMSR Quantumsphere Acquisition Co. RIGHT 08/06/2030 322,660$65KNew
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 357,901$64KReduce -24.2%
PELIR Pelican Acquisition Corp.-RTS RIGHT 05/02/2030 279,670$64KReduce -24.4%
HSPTR Horizon Space Acquisition II RIGHT 03/30/2026 424,761$64KReduce -22.8%
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 94,983$63KReduce -24.0%
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 86,622$63KNo change
DTSQR DT Cloud Star Acquisition Co. RIGHT 07/09/2029 444,725$62KReduce -24.6%
TGE.WS Generation Essentials - 30 *W EXP 02/15/202 406,926$61KReduce -6.9%
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 276,773$61KNew
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 126,461$60KNew
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 380,314$60KReduce -23.9%
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 416,493$58KNo change
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 221,589$56KReduce -26.1%
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 261,516$52KReduce -25.3%
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 741,594$51KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 101,289$51KNo change
YHNAR YHN Acquisition I Ltd. RIGHT 08/15/2029 383,272$50KReduce -28.4%
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal 50,000$50KNo change
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 50,000$49KNew

Largest 200 of 228 shown.

Total filed on the 13F, all lines: $4.8B.

Portfolio Sells Q3 2025 → Q4 2025
IPG Interpublic Group of Cos Inc. Sold out 0.00% −3.59
ALE Allete Inc. Sold out 0.00% −3.23
SAND Sandstorm Gold Ltd. Sold out 0.00% −2.69
K Kellanova Sold out 0.00% −2.55
VRNA Verona Pharma Ltd. Sold out 0.00% −1.94
AVDX Avidxchange Holdings Inc. Sold out 0.00% −1.86
WNS WNS Holdings Ltd. Sold out 0.00% −1.80
SPR Spirit Aerosystems Hold Class A Sold out 0.00% −1.27
HBI Hanesbrands Inc. Sold out 0.00% −1.19
INFA Informatica Inc. Class A Sold out 0.00% −1.09
VBTX Veritex Holdings Inc. Sold out 0.00% −0.97
SCS Steelcase Inc. Class A Sold out 0.00% −0.85
MRUS Merus NV Sold out 0.00% −0.68
TRML Tourmaline Bio Inc. Sold out 0.00% −0.63
VMEO Vimeo Inc. Sold out 0.00% −0.62
MRC MRC Global Inc. Sold out 0.00% −0.52
PNFP Pinnacle Financial Partners Sold out 0.00% −0.43
MRLN Merlin Inc. Reduce -50.9% 0.27% −0.42
CCRN Cross Country Healthcare Inc. Sold out 0.00% −0.38
PRO Pros Holdings Inc. Sold out 0.00% −0.37
IAS Integral Ad Science Holding Sold out 0.00% −0.36
HDRN Hadron Energy Inc. Reduce -38.5% 0.31% −0.36
VRNT Verint Systems Inc. Sold out 0.00% −0.31
VLOS Velos Acquisition I Corp. Sold out 0.00% −0.31
SPNS Sapiens International Corp. Sold out 0.00% −0.28
MAC COPPER LTD Sold out 0.00% −0.28
CHAC Crane Harbor Acqu Corp. Class A Reduce -40.7% 0.25% −0.27
VCIC Vine Hill Capital Class A Reduce -59.5% 0.11% −0.25
RFAI RF Acquisition Corp. II Reduce -78.0% 0.05% −0.24
GFUZ General Fusion Group Ltd. Reduce -28.1% 0.26% −0.22
VTLE Vital Energy Inc. Sold out 0.00% −0.22
DMII Drugs Made in America Acquis Reduce -23.2% 0.31% −0.22
EVAC Eqv Ventures Acquisition C-A Reduce -24.1% 0.31% −0.22
GSRF GSR IV Acquisition Corp. Class A Reduce -28.1% 0.25% −0.21
BRR Columbus Circle Capital Co. Class A Sold out 0.00% −0.21
BCSS Bain Capital GSS Inv- A Reduce -21.0% 0.32% −0.21
LWAC Lightwave Acquisition Corp. Class A Reduce -24.0% 0.29% −0.21
GWRE Guidewire Software Inc. Reduce -18.4% 0.23% −0.20
TVA Texas Ventures Acquisition-A Reduce -20.3% 0.30% −0.19
CVAC Curevac NV Sold out 0.00% −0.19
NETD Nabors Energy Transition C-A Sold out 0.00% −0.19
BCAR D. Boral Arc Acquisit Class A Reduce -24.1% 0.26% −0.18
TLNC Talon Capital Corp. Class A Reduce -27.0% 0.23% −0.18
TBMC Trailblazer Merger Corp. I Sold out 0.00% −0.18
ODP The Odp Corp. Sold out 0.00% −0.18
ONEN One Nuclear Energy Inc. Reduce -17.6% 0.30% −0.17
KDK Kodiak AI Inc. Sold out 0.00% −0.17
BLZR Trailblazer Acquisition Class A Reduce -26.7% 0.20% −0.17
OBA Oxley Bridge Acquisitio Class A Reduce -24.0% 0.23% −0.16
BDCI BTC Development Corp. Class A Reduce -21.0% 0.24% −0.16

Portfolio Buys Q3 2025 → Q4 2025
QRVO Qorvo Inc. New 3.19% +3.19
TECK Teck Resources Ltd.-CLS B Add +813.0% 3.06% +2.65
CADE Cadence Bank New 2.52% +2.52
NGD New Gold Inc. New 2.47% +2.47
CMA Comerica Inc. New 2.37% +2.37
KVUE Kenvue Inc. New 1.63% +1.63
WBD Warner Bros Discovery Inc. New 1.34% +1.34
SEE Sealed Air Corp. New 1.18% +1.18
CFLT Confluent Inc. Class A New 1.15% +1.15
EA Electronic Arts Inc. Add +236.2% 1.86% +1.14
REVG Rev Group Inc. New 1.12% +1.12
CSGS CSG Systems Intl Inc. New 1.04% +1.04
NWE Northwestern Energy Group Inc. Add +2434.9% 1.06% +1.01
BHF Brighthouse Financial Inc. New 0.99% +0.99
WTRG Essential Utilities Inc. New 0.98% +0.98
CDTX Cidara Therapeutics Inc. New 0.94% +0.94
HI Hillenbrand Inc. New 0.90% +0.90
CWAN Clearwater Analytics HDS-A New 0.86% +0.86
HOLX Hologic Inc. New 0.84% +0.84
FOLD Amicus Therapeutics Inc. New 0.76% +0.76
DAY Dayforce Inc. Add +135.7% 1.38% +0.62
NSC Norfolk Southern Corp. Add +74.5% 2.67% +0.58
RIO Rio Tinto PLC-Spon ADR Add +105.4% 1.16% +0.55
EXAS Exact Sciences Corp. New 0.53% +0.53
CYBR Cyberark Software Ltd./Israel Add +77.6% 2.61% +0.52
AXTA Axalta Coating Systems Ltd. New 0.49% +0.49
SEMR Semrush Holdings Inc. Class A New 0.48% +0.48
DBRG Digitalbridge Group Inc. New 0.46% +0.46
GIW GIGCAPITAL8 Corp. Class A New 0.45% +0.45
SNV Synovus Financial Corp. New 0.41% +0.41
AVAV Aerovironment Inc. New 0.41% +0.41
RNAM Avidity Biosciences Inc. New 0.41% +0.41
HOUS Anywhere Real Estate Inc. Add +98.2% 0.71% +0.36
JHG Janus Henderson Group PLC New 0.34% +0.34
MESHU Meshflow Acquisition Corp. New 0.32% +0.32
VECO Veeco Instruments Inc. New 0.31% +0.31
BIXI Bitcoin Infrastructure Class A New 0.31% +0.31
TWO Two Harbors Investment Corp. New 0.31% +0.31
CRANU Crane Harbor Acquisition Cor New 0.30% +0.30
AL Sumisho Air Lease Corp. Add +47.3% 2.57% +0.30
SVAQU Silicon Valley Acquisition C New 0.29% +0.29
RNGT Range Capital Acquisit Class A New 0.29% +0.29
ADACU American Drive Acquisition C New 0.29% +0.29
LPCVU Launchpad Cadenza Acquisitio New 0.29% +0.29
ITHAU Ithax Acquisition Corp. III New 0.28% +0.28
IRHOU Iron Horse Acquisition II Co. New 0.26% +0.26
FLR Fluor Corp. New 0.26% +0.26
AEAQU Activate Energy Acquisition New 0.25% +0.25
GPACU General Purpose Acquisition New 0.24% +0.24
ATXS Astria Therapeutics Inc. New 0.22% +0.22

Notes & Other Activity Q3 2025 → Q4 2025
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal Add +186.6% 105,022,000 $96.1M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal Add +112.1% 90,424,000 $85.8M
SNAP INC (SNAP 0.5 05/01/30) NOTE 0.500% 5/0 · principal Add +241.3% 93,425,000 $81.8M
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal Add +8.2% 83,509,000 $76.9M
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal New 62,140,000 $51.2M
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal Add +197.3% 52,690,000 $47.0M
TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal Sold out 36,150,000 $42.8Mbefore exit
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal New 40,925,000 $36.8M
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal Reduce -34.6% 21,168,000 $36.0M
WORLD KINECT GROUP (WKC 3.25 07/01/28) NOTE 3.250% 7/0 · principal Sold out 31,595,000 $34.9Mbefore exit
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal Sold out 30,475,000 $31.7Mbefore exit
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal New 23,180,000 $28.6M
BOX INC (BOX 1.5 09/15/29) NOTE 1.500% 9/1 · principal New 27,571,000 $26.9M
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal Sold out 25,682,000 $26.7Mbefore exit
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Sold out 500,000 $26.2Mbefore exit
WEIBO CORP (WB 1.375 12/01/30) NOTE 1.375%12/0 · principal New 22,305,000 $25.9M
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Reduce -5.0% 24,000,000 $25.0M
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal Add +23500.0% 23,600,000 $25.0M
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal Add +570.1% 23,822,000 $24.2M
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Add +23.1% 26,609,000 $24.0M
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal New 23,425,000 $23.0M
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal New 19,875,000 $22.1M
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Sold out 20,075,000 $21.6Mbefore exit
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) NOTE 4.750% 6/1 · principal Sold out 18,797,000 $20.2Mbefore exit
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal New 19,580,000 $19.4M
DYNAVAX TECHNOLOGIES CORP DEBT 2.000% 3/1 · principal Sold out 19,100,000 $17.9Mbefore exit
PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) NOTE 2.000% 8/1 · principal Add +1.1% 17,251,000 $17.6M
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Add +0.1% 16,410,000 $16.8M
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal Sold out 15,040,000 $15.5Mbefore exit
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal Sold out 14,125,000 $13.4Mbefore exit
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Sold out 251,600 $9.6Mbefore exit
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) NOTE 2.500% 9/0 · principal New 9,375,000 $9.1M
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal Sold out 8,000,000 $8.4Mbefore exit
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Reduce -15.9% 5,950,000 $5.9M
RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal Sold out 6,310,000 $5.6Mbefore exit
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal Add +34.4% 5,375,000 $5.1M
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal New 4,626,000 $4.6M
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Sold out 4,548,000 $4.6Mbefore exit
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Reduce -3.3% 4,450,000 $4.4M
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal Reduce -76.8% 4,325,000 $4.3M
BENTLEY SYSTEMS (BSY 0.375 07/01/27) NOTE 0.375% 7/0 · principal Reduce -82.8% 3,236,000 $3.1M
TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) NOTE 1.500% 3/1 · principal New 2,500,000 $2.5M
GSRTR GSR III Acquisition Corp. RIGHT 99/99/9999 Sold out 297,167 $2.5Mbefore exit
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 Reduce -28.2% 383,188 $1.6M
BACQR Inflection Point Acquisition RIGHT 11/04/2026 Reduce -22.1% 1,918,600 $1.4M
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 Sold out 241,236 $1.3Mbefore exit
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal New 1,300,000 $1.3M
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 Reduce -26.1% 1,463,990 $1.2M
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 Reduce -22.2% 277,719 $1.0M
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal Reduce -62.6% 1,000,000 $941K

Showing the first 50 of 184.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 335$5.8BEA, AES, WBS, NSC, PEN
Q1 2026 311$5.1BEA, PEN, QRVO, GTLS, NSC
Q4 2025 269$3.7BQRVO, TECK, NSC, CYBR, AL
Q3 2025 234$2.8BIPG, ALE, SAND, GTLS, K
Q2 2025 209$2.7BHES, ALE, CHX, IPG, K
Q1 2025 209$2.3BHES, CHX, DFS, ALE, ESGR
Q4 2024 238$2.4BEDR, CHX, HES, HCP, ALE
Q3 2024 262$2.4BEDR, SWN, CHX, AXONICS INC, HES
Q2 2024 280$2.2BETRN, SWN, AXONICS INC, EDR, CHX
Q1 2024 281$1.9BSWN, ETRN, AXONICS INC, PXD, MGRC