Arena Capital Advisors, LLC- CA

Name: Arena Capital Advisors, LLC- CA 13F holdings, Q4 2025
Creator: Arena Capital Advisors, LLC- CA
Published: 2026-02-04

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Arena Capital Advisors, LLC- CA reported 8 stock positions worth $14.3 million. Its top holding was Uniti (UNIT) at 57.4% of the portfolio, followed by Planet Labs PBC (PL, 21.3%) and Jefferies Financial (JEF, 6.5%). Compared with Q3 2025, it opened 2 new positions and sold out of 3. The biggest buy was a new position in Jefferies Financial (JEF) and the biggest sale an exit from Diebold Nixdorf (DBD).

Most Recent 13F: Q2 2026
Location: LOS ANGELES, CA
CIK: 0001833078
Portfolio Value: $14.3M (Q4 2025)
SEC Filing: 0001833078-26-000013 ↗ filed Feb 4, 2026

Holdings Value

Holdings 8 stocks · $14.3M


UNIT Uniti Group Inc.	57.42%	1,172,703	$8.2M	No change
PL Planet Labs PBC	21.27%	154,431	$3.0M	No change
JEF Jefferies Financial Group Inc.	6.49%	15,000	$930K	New
HLF Herbalife Ltd.	6.38%	70,910	$914K	No change
VATE Innovate Corp.	4.04%	127,934	$578K	No change
TBLA Taboola.com Ltd.	1.67%	51,973	$240K	No change
PCG P G & E Corp.	1.66%	14,750	$237K	No change
FUN Six Flags Entertainment Corp.	1.07%	10,000	$153K	New

Other holdings (11): bonds, preferreds, convertibles and warrants · $151.0M (not counted above)

Security	Class	Shares / Principal	Value	Change
PG&E CORP (PCG 4.25 12/01/27)	NOTE 4.250%12/0 · principal	40,700,000	$41.9M	Add +2.3%
HERBALIFE LTD (HLF 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	33,052,000	$35.8M	Add +8.4%
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29)	NOTE 2.250% 6/0 · principal	26,600,000	$25.4M	Add +1.5%
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28)	NOTE 3.875% 9/1 · principal	20,425,000	$24.2M	Add +155.3%
EVOLENT HEALTH INC	DEBT 4.500% 8/1 · principal	29,620,000	$21.0M	Add +70.5%
SPECTRUM BRANDS INC (SPB 3.375 06/01/29)	NOTE 3.375% 6/0 · principal	2,679,000	$2.5M	Add +22.9%
NAMMW Namib Minerals	*W EXP 06/05/203	540,930	$39K	New
MOBXW Chavrant Capital Acq -CW23	*W EXP 12/21/202	190,616	$17K	Reduce -49.2%
AUROW Aurora Innovation Inc. -CW28	*W EXP 11/03/202	20,288	$5K	No change
LIMNW Liminatus Pharma Inc. Class A-28	*W EXP 04/30/203	29,166	$1K	No change
PARAW 7GC & Co. Holdings Class A -CW26	*W EXP 12/14/202	39,028	$546	No change

Total filed on the 13F, all lines: $165.3M.

Portfolio Sells Q3 2025 → Q4 2025


DBD Diebold Nixdorf Inc.	Sold out	0.00%	−73.99
GSM Ferroglobe PLC	Sold out	0.00%	−1.93
VSXY Victoria's Secret & Co.	Sold out	0.00%	−1.15

Portfolio Buys Q3 2025 → Q4 2025


JEF Jefferies Financial Group Inc.	New	6.49%	+6.49
FUN Six Flags Entertainment Corp.	New	1.07%	+1.07

Notes & Other Activity Q3 2025 → Q4 2025


PG&E CORP (PCG 4.25 12/01/27)	NOTE 4.250%12/0 · principal	Add +2.3%	40,700,000	$41.9M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Sold out	45,729,000	$41.2Mbefore exit
HERBALIFE LTD (HLF 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	Add +8.4%	33,052,000	$35.8M
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29)	NOTE 2.250% 6/0 · principal	Add +1.5%	26,600,000	$25.4M
PEABODY ENERGY CORP (BTU 3.25 03/01/28)	NOTE 3.250% 3/0 · principal	Sold out	16,879,000	$25.3Mbefore exit
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28)	NOTE 3.875% 9/1 · principal	Add +155.3%	20,425,000	$24.2M
EVOLENT HEALTH INC	DEBT 4.500% 8/1 · principal	Add +70.5%	29,620,000	$21.0M
XEROX HOLDINGS CORP (XRX 3.75 03/15/30)	NOTE 3.750% 3/1 · principal	Sold out	9,500,000	$4.4Mbefore exit
SPECTRUM BRANDS INC (SPB 3.375 06/01/29)	NOTE 3.375% 6/0 · principal	Add +22.9%	2,679,000	$2.5M
NIOBW Niocorp Developments Ltd. -28	*W EXP 03/17/202	Sold out	78,035	$144Kbefore exit
ALVOW Alvotech SA -27	*W EXP 99/99/999	Sold out	60,714	$92Kbefore exit
NAMMW Namib Minerals	*W EXP 06/05/203	New	540,930	$39K
MOBXW Chavrant Capital Acq -CW23	*W EXP 12/21/202	Reduce -49.2%	190,616	$17K
ECXWW Ecarx Holdings Inc. Class A-27	*W EXP 99/99/999	Sold out	48,842	$3Kbefore exit

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	9	$37.5M	PSUS, UNIT, PL, VATE, VGSH
Q1 2026	9	$21.4M	UNIT, PL, SHY, VGSH, HLF
Q4 2025	8	$14.3M	UNIT, PL, JEF, HLF, VATE
Q3 2025	9	$47.1M	DBD, UNIT, PL, GSM, VATE
Q2 2025	11	$69.0M	DBD, FLYYQ, PL, GSM, HLF
Q1 2025	9	$64.3M	DBD, GSM, HLF, PL, VSXY
Q4 2024	12	$83.4M	DBD, NDOI, GSM, PL, HLF
Q3 2024	12	$91.2M	DBD, NDOI, GSM, PL, HLF
Q2 2024	15	$86.6M	DBD, NDOI, GSM, HLF, PL
Q1 2024	15	$62.5M	DBD, CNDA, GSM, PL, HLF