Arena Capital Advisors, LLC- CA

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Arena Capital Advisors, LLC- CA reported 9 stock positions worth $37.5 million. Its top holding was Pershing Square USA (PSUS) at 43.6% of the portfolio, followed by Uniti (UNIT, 25.9%) and Planet Labs PBC (PL, 13.6%). Compared with Q1 2026, it opened 1 new position, sold out of 1, added to 1 and reduced 1. The biggest buy was a new position in Pershing Square USA (PSUS) and the biggest sale Uniti (UNIT, shares −17%).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0001833078
Portfolio Value
$37.5M (Q2 2026)
SEC Filing
0001833078-26-000019 ↗ filed Jul 23, 2026

Holdings Value

0$20.0M$40.0M$60.0M$80.0M$100.0M Q1 2024: $62.5M Q1 2024 Q2 2024: $86.6M Q2 2024 Q3 2024: $91.2M Q3 2024 Q4 2024: $83.4M Q4 2024 Q1 2025: $64.3M Q1 2025 Q2 2025: $69.0M Q2 2025 Q3 2025: $47.1M Q3 2025 Q4 2025: $14.3M Q4 2025 Q1 2026: $21.4M Q1 2026 Q2 2026: $37.5M $37.5M Q2 2026

Holdings 9 stocks · $37.5M
PSUS Pershing Square USA Ltd. 43.59% 437,500 $16.4M New
UNIT Uniti Group Inc. 25.86% 845,826 $9.7M Reduce -17.3%
PL Planet Labs PBC 13.64% 154,431 $5.1M No change
VATE Innovate Corp. 6.37% 127,934 $2.4M No change
VGSH Vanguard Short-Term Treasury 4.65% 30,000 $1.7M No change
HLF Herbalife Ltd. 2.84% 80,910 $1.1M Add +14.1%
VGIT Vanguard Intermediate-Term T 1.57% 10,000 $590K No change
APO Apollo Global Management Inc. 0.79% 2,500 $296K No change
TBLA Taboola.com Ltd. 0.69% 51,973 $260K No change
Other holdings (12): bonds, preferreds, convertibles and warrants · $170.4M (not counted above)
SecurityClassShares / PrincipalValueChange
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 38,713,000$39.8MReduce -4.9%
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 25,000,000$28.8MNo change
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) NOTE 2.250% 6/0 · principal 26,600,000$25.4MNo change
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal 29,620,000$24.1MNo change
ALLIANT ENERGY CORP (LNT 3.25 05/30/28) NOTE 3.250% 5/3 · principal 17,327,000$19.1MNew
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 18,331,000$17.5MNo change
INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) DBCV 1.875% 3/1 · principal 13,895,000$13.6MReduce -7.4%
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 1,929,000$2.0MReduce -28.0%
MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 190,616$17KNo change
AUROW Aurora Innovation Inc. -CW28 *W EXP 11/03/202 20,288$6KNo change
LIMNW Liminatus Pharma Inc. Class A-28 *W EXP 04/30/203 29,166$2KNo change
PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 39,028$382No change

Total filed on the 13F, all lines: $207.9M.

Portfolio Sells Q1 2026 → Q2 2026
UNIT Uniti Group Inc. Reduce -17.3% 25.86% −19.05
SHY iShares 1-3 Year Treasury Bo Sold out 0.00% −13.53

Portfolio Buys Q1 2026 → Q2 2026
PSUS Pershing Square USA Ltd. New 43.59% +43.59
HLF Herbalife Ltd. Add +14.1% 2.84% −2.05

Notes & Other Activity Q1 2026 → Q2 2026
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -4.9% 38,713,000 $39.8M
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal Sold out 25,425,000 $31.0Mbefore exit
ALLIANT ENERGY CORP (LNT 3.25 05/30/28) NOTE 3.250% 5/3 · principal New 17,327,000 $19.1M
INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) DBCV 1.875% 3/1 · principal Reduce -7.4% 13,895,000 $13.6M
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal Reduce -28.0% 1,929,000 $2.0M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$37.5MPSUS, UNIT, PL, VATE, VGSH
Q1 2026 9$21.4MUNIT, PL, SHY, VGSH, HLF
Q4 2025 8$14.3MUNIT, PL, JEF, HLF, VATE
Q3 2025 9$47.1MDBD, UNIT, PL, GSM, VATE
Q2 2025 11$69.0MDBD, FLYYQ, PL, GSM, HLF
Q1 2025 9$64.3MDBD, GSM, HLF, PL, VSXY
Q4 2024 12$83.4MDBD, NDOI, GSM, PL, HLF
Q3 2024 12$91.2MDBD, NDOI, GSM, PL, HLF
Q2 2024 15$86.6MDBD, NDOI, GSM, HLF, PL
Q1 2024 15$62.5MDBD, CNDA, GSM, PL, HLF