Aristeia Capital, L.L.C.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Aristeia Capital, L.L.C. reported 324 stock positions worth $2.0 billion. Its top holding was Heico Class A (HEI.A) at 11.3% of the portfolio, followed by People (PPLI, 11.2%) and Carnival PLC-ADR (CUK, 6.3%). Compared with Q3 2025, it opened 130 new positions, sold out of 101, added to 69 and reduced 30. The biggest buy was People (PPLI, shares +101%) and the biggest sale Liberty Broadband-C (LBRDK, shares −46%).

Most Recent 13F
Q2 2026
Location
GREENWICH, CT
CIK
0001080171
Portfolio Value
$2.0B (Q4 2025)
SEC Filing
0001080171-26-000002 ↗ filed Feb 17, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.6B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $1.9B Q3 2025 Q4 2025: $2.0B $2.0B Q4 2025 Q1 2026: $2.6B Q1 2026 Q2 2026: $2.7B Q2 2026

Holdings 324 stocks · $2.0B
HEI.A Heico Corp. Class A 11.32% 889,228 $224.5M Add +45.1%
PPLI People Inc. filed as IAC INC 11.24% 5,702,459 $223.0M Add +100.8%
CUK Carnival PLC-ADR 6.32% 4,130,919 $125.3M Reduce -39.8%
CIVI Civitas Resources Inc. 5.57% 4,081,641 $110.6M Reduce -33.2%
LBRDK Liberty Broadband-C 4.64% 1,893,185 $92.0M Reduce -45.8%
BATRK Atlanta Braves Holdings in-C 4.08% 2,053,678 $81.0M No change
LBRDA Liberty Broadband-A 3.07% 1,259,939 $60.8M No change
FOX Fox Corp. Class B 2.31% 705,456 $45.8M New
WW WW International Inc.-New filed as WW INTL INC 1.36% 920,091 $26.9M Add +2.2%
NWSA News Corp. Class A 1.05% 801,012 $20.9M Add +481.1%
AAM Aa Mission Acquisition Cor-A 0.98% 1,818,429 $19.4M No change
TDS Telephone and Data Systems 0.93% 450,000 $18.4M No change
BCAR D. Boral Arc Acquisit Class A 0.91% 1,800,000 $18.1M No change
SDHI Siddhi Acquisition Corp. Class A 0.86% 1,650,000 $17.0M No change
ANSC Agriculture & Natural Soluti 0.85% 1,500,623 $16.8M No change
VCIC Vine Hill Capital Class A 0.82% 1,514,440 $16.3M Reduce -14.2%
BIXI Bitcoin Infrastructure Class A 0.77% 1,551,000 $15.3M New
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.74% 1,425,000 $14.7M No change
FYBR Frontier Communications Pare 0.72% 373,385 $14.2M Reduce -70.4%
KCHV Kochav Defense Acquisition-A 0.68% 1,325,000 $13.4M No change
CCIX Churchill Capital Corp. Ix 0.68% 1,261,602 $13.4M No change
DRDB Roman DBDR Acquisition Corp. 0.65% 1,234,023 $12.9M No change
ITHAU Ithax Acquisition Corp. III 0.63% 1,250,000 $12.5M New
NPAC New Providence Acquisition-A 0.62% 1,200,000 $12.3M No change
OTGA Otg Acquisition Corp. I Class A 0.62% 1,225,000 $12.3M No change
VACH Voyager Acquisition Corp. 0.58% 1,078,263 $11.5M No change
MESHU Meshflow Acquisition Corp. 0.58% 1,150,000 $11.5M New
TVAI Thayer Ventures Acquis Class A 0.57% 1,125,000 $11.4M No change
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 0.57% 1,100,000 $11.2M No change
COPL Copley Acquisition Corp. Class A 0.56% 1,085,430 $11.1M No change
DMII Drugs Made in America Acquis 0.55% 1,100,000 $10.9M No change
SZZL Sizzle Acquisition Corp. Class A 0.54% 1,050,000 $10.7M No change
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.53% 1,005,240 $10.6M Reduce -41.4%
RAAQ Real Asset Acquisiti Class A 0.52% 1,000,000 $10.2M No change
BEBE.U Tge Value Creative Solutions 0.51% 1,021,200 $10.2M New
ADACU American Drive Acquisition C 0.51% 1,016,800 $10.1M New
BCSS Bain Capital GSS Inv- A 0.51% 1,000,000 $10.1M No change
LPCVU Launchpad Cadenza Acquisitio 0.50% 1,000,800 $10.0M New
TONX Ton Strategy Co. 0.49% 4,849,363 $9.7M Add +100.1%
VNME Vendome Acquisition Corp. Class A 0.47% 925,000 $9.3M No change
DMAA Drugs Made in America Acquis 0.46% 881,716 $9.1M No change
SVAQU Silicon Valley Acquisition C 0.45% 900,000 $9.0M New
GSRF GSR IV Acquisition Corp. Class A 0.44% 875,000 $8.7M No change
PAII Pyrophyte Acquisition Corp. Class A 0.43% 850,000 $8.6M No change
SOUL Soulpower Acquisition Co. Class A 0.42% 829,341 $8.4M No change
GIW GIGCAPITAL8 Corp. Class A 0.42% 850,000 $8.4M New
GTEN Gores Holdings X Inc. Class A 0.41% 800,000 $8.2M No change
SBXE.U Silverbox Corp. V 0.41% 800,000 $8.1M New
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.39% 750,000 $7.7M No change
IPCX Inflection Point Acquisiti-A 0.38% 750,000 $7.6M No change
VG Venture Global Inc. Class A 0.38% 1,098,714 $7.5M Add +73.0%
GPOR Gulfport Energy Corp. 0.37% 35,275 $7.3M Reduce -33.1%
RRC Range Resources Corp. 0.36% 204,226 $7.2M Reduce -27.8%
GPACU General Purpose Acquisition 0.35% 701,357 $7.0M New
DAAQ Digital Asset Acquisiti Class A 0.35% 685,540 $7.0M No change
PLMK Plum Acquisition Corp. IV 0.34% 651,175 $6.8M No change
DDOG Datadog Inc. Class A 0.34% 49,851 $6.8M Reduce -15.4%
VLO Valero Energy Corp. 0.34% 41,445 $6.7M New
EQT Eqt Corp. 0.34% 125,601 $6.7M Reduce -33.1%
EXE Expand Energy Corp. 0.34% 60,915 $6.7M Reduce -38.8%
SM SM Energy Co. 0.33% 354,788 $6.6M Add +2802.9%
AR Antero Resources Corp. 0.33% 190,989 $6.6M Reduce -34.7%
TONT Graf Global Corp. Class A 0.32% 588,958 $6.3M No change
CNX CNX Resources Corp. 0.31% 166,119 $6.1M Reduce -48.0%
TWLVU Twelve Seas Investment Co. II 0.30% 600,000 $6.0M New
NOEM CO2 Energy Transition Corp. 0.30% 578,096 $5.9M No change
MPC Marathon Petroleum Corp. 0.30% 36,155 $5.9M New
EMIS Emmis Acquisition Corp. Class A 0.28% 560,246 $5.6M No change
CRK Comstock Resources Inc. 0.28% 240,038 $5.6M Reduce -14.8%
YCY Aa Mission Acquisition-A 0.28% 558,328 $5.6M New
HAVA Harvard Ave Acquisition Class A 0.28% 550,000 $5.5M New
APXT Apex Treasury Corp. Class A 0.27% 550,000 $5.4M New
CEPV Cantor Equity Partners Class A 0.27% 523,591 $5.4M New
GPAT GP-Act III Acquisition-A 0.26% 490,750 $5.2M No change
CEPF Cantor Equity Partners Class A 0.26% 500,000 $5.1M No change
XRPN Armada Acquisition Class A 0.26% 500,000 $5.1M No change
BLRKU Bluerock Acquisition Corp. 0.26% 510,610 $5.1M New
CCXIU Churchill Capital Corp. Xi 0.26% 500,000 $5.1M New
CAEP Cantor Equity Partners III-A 0.26% 500,000 $5.1M No change
OBA Oxley Bridge Acquisitio Class A 0.25% 500,000 $5.0M No change
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.25% 500,000 $5.0M No change
VHCPU Vine Hill Capital Investment 0.25% 500,000 $5.0M New
EVOX Evolution Global Acquis Class A 0.25% 500,000 $4.9M New
MMTX Miluna Acquisition Class A 0.24% 475,000 $4.7M New
OYSE Oyster Enterprises II Acq-A 0.23% 454,000 $4.6M No change
JENA Jena Acquisition Corp. II - A 0.23% 450,000 $4.6M No change
CRANU Crane Harbor Acquisition Cor 0.23% 450,000 $4.5M New
NHIC Newhold Investment Cor III-A 0.23% 435,958 $4.5M No change
EVAC Eqv Ventures Acquisition C-A 0.23% 450,000 $4.5M No change
TVA Texas Ventures Acquisition-A 0.21% 400,000 $4.3M No change
LKSP Lake Superior Acquisiti Class A 0.21% 420,000 $4.2M New
RANG Range Capital Acquisition Co. 0.21% 391,942 $4.1M No change
RDAG Republic Digital Acquis Class A 0.20% 400,000 $4.0M No change
PACH Pioneer Acquisition I Class A 0.20% 400,000 $4.0M No change
BDCI BTC Development Corp. Class A 0.20% 400,000 $4.0M No change
ORIQ Origin Investment Corp. I 0.20% 394,645 $4.0M No change
LAFA Lafayette Acquisition Corp. 0.20% 400,000 $4.0M New
NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I 0.20% 400,000 $4.0M New
CHEC Chenghe Acquisition II Class A 0.19% 387,428 $3.9M Add +9.7%
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.18% 350,000 $3.6M No change
SBXDF Silverbox Corp. IV-A 0.18% 336,123 $3.6M New
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 0.18% 350,000 $3.6M No change
EGHA Egh Acquisition Co. Class A 0.18% 350,000 $3.5M No change
MBVI M3-Brigade Acquisition Class A 0.18% 350,000 $3.5M No change
FERA Fifth Era Acquisition Corp. Class A 0.18% 339,583 $3.5M No change
TACO Berto Acquisition Corp. 0.17% 337,650 $3.4M No change
HAYMAKER ACQUISITION CORP 4 0.17% 292,506 $3.3M No change
WENN Wen Acquisition Corp. Class A 0.16% 319,907 $3.2M No change
ALIS Calisa Acquisition Corp. 0.16% 310,000 $3.1M New
IGACU Invest Green Acquisition Cor 0.15% 303,900 $3.0M New
CRAQ Cal Redwood Acquisit Class A 0.15% 300,000 $3.0M No change
KOYN CSLM Digital Asset Acqu - A 0.15% 305,386 $3.0M No change
SCIIU SC II Acquisition Corp. 0.15% 300,000 $3.0M New
AXIN Axiom Intelligence Class A 0.15% 300,000 $3.0M No change
HCACU Hall Chadwick Acquisition Co. 0.15% 300,000 $3.0M New
RNGT Range Capital Acquisit Class A 0.15% 300,000 $3.0M New
CRAC Crown Reserve Acquisiti Class A 0.15% 300,000 $3.0M New
DYOR Insight Digital Partners I-A 0.15% 300,000 $3.0M New
DNMX Dynamix Corp. III Class A 0.15% 300,000 $3.0M New
DINO HF Sinclair Corp. 0.15% 64,195 $3.0M New
TDWD Tailwind 2.0 Acquisitio Class A 0.15% 300,000 $3.0M New
DSACU Daedalus Special Acquisition 0.14% 275,000 $2.8M New
RAC Rithm Acquisition Corp. Class A 0.14% 261,900 $2.7M No change
POLE Andretti Acquisition Corp. Class A 0.13% 248,959 $2.6M New
CUB Lionheart Holdings Class A 0.13% 245,399 $2.6M No change
ATII Archimedes Tech Spac Partner 0.13% 250,000 $2.6M No change
CHPG Championsgate Acquisitio-A 0.13% 250,000 $2.5M No change
PELI Pelican Acquisition Corp. 0.13% 250,000 $2.5M No change
FCRS Futurecrest Acquisition Class A 0.13% 250,000 $2.5M No change
FIGX Figx Capital Acquisition C-A 0.13% 250,000 $2.5M No change
BPACU Blueport Acquisition Ltd. 0.13% 250,000 $2.5M New
INAC Indigo Acquisition Corp. 0.13% 250,000 $2.5M No change
BLZR Trailblazer Acquisition Class A 0.13% 250,000 $2.5M No change
AEXA American Exceptionalism Class A 0.12% 217,242 $2.5M Reduce -72.7%
WSTN Westin Acquisition Corp. Class A 0.12% 250,000 $2.5M New
LIVN Livanova PLC 0.12% 37,985 $2.3M Reduce -26.5%
KBONU Karbon Capital Partners Corp. 0.12% 228,700 $2.3M New
LWAC Lightwave Acquisition Corp. Class A 0.11% 225,000 $2.3M No change
LPAA Launch One Acquisition Corp. 0.10% 196,319 $2.1M No change
BACC Blue Acquisition Corp. Class A 0.10% 200,000 $2.0M No change
LCCC Lakeshore Acquisition III Co. 0.10% 200,000 $2.0M No change
MKLY McKinley Acquisition Co. Class A 0.10% 200,000 $2.0M No change
APAC Stonebridge Acquisition Class A 0.10% 200,000 $2.0M New
CEPT Cantor Equity Partners Class A 0.10% 168,920 $1.9M No change
HVMC Highview Merger Corp. Class A 0.09% 187,433 $1.9M No change
BELFA Bel Fuse Inc. Class A 0.08% 11,094 $1.7M Add +21.9%
PBF PBF Energy Inc. Class A 0.08% 61,662 $1.7M Add +48.5%
MLAC Mountain Lake Acquisition-A 0.08% 150,000 $1.6M No change
PMTR Perimeter Acquis Corp. I Class A 0.08% 150,000 $1.5M No change
GSHR Gesher Acquisition Corp. II-A 0.08% 150,000 $1.5M No change
CCII Cohen Circle Acquisit II - A 0.08% 150,000 $1.5M No change
SOCA Solarius Capital Acquis Class A 0.08% 150,000 $1.5M No change
AIIA AI Infrastructure Ac-A 0.08% 150,000 $1.5M New
CEPO Cantor Equity Partners I-A 0.07% 139,650 $1.5M No change
CCO Clear Channel Outdoor Holdin 0.07% 649,558 $1.4M No change
WNC Wabash National Corp. 0.07% 156,085 $1.4M Add +123.0%
FVN Future Vision II Acquisition 0.07% 122,531 $1.3M No change
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.07% 125,000 $1.3M No change
AEAQU Activate Energy Acquisition 0.06% 125,000 $1.2M New
FG MERGER II CORP 0.06% 120,000 $1.2M No change
EMBC Embecta Corp. 0.06% 95,627 $1.1M Add +137.8%
CMP Compass Minerals Internation 0.06% 56,439 $1.1M Add +87.7%
NWAX.U New America Acquisition I Co. 0.06% 105,000 $1.1M New
KRSP Rice Acquisition Corp. 3-A 0.05% 100,000 $1.0M New
ONCH 1RT Acquisition Corp. Class A 0.05% 100,000 $1.0M No change
CCS Century Communities Inc. 0.05% 17,115 $1.0M New
THO Thor Industries Inc. 0.05% 9,843 $1.0M Add +153.8%
BSAA Best Spac I Acquisition-A 0.05% 95,000 $962K No change
MAGN Magnera Corp. 0.05% 62,996 $954K New
MATV Mativ Holdings Inc. 0.05% 78,278 $951K New
GTX Garrett Motion Inc. 0.05% 52,344 $912K New
LIND Lindblad Expeditions Holding 0.05% 62,044 $895K Add +50.1%
FWRD Forward Air Corp. 0.04% 34,709 $868K Add +196.6%
CLF Cleveland-Cliffs Inc. 0.04% 64,921 $862K Add +68.8%
IBP Installed Building Products 0.04% 3,321 $861K Add +70.6%
GAP The Gap Inc. 0.04% 33,430 $856K Add +52.8%
SIRI Sirius XM Holdings Inc. 0.04% 42,753 $855K Add +296.9%
WWW Wolverine World Wide Inc. 0.04% 46,389 $842K New
AES AES Corp. 0.04% 58,686 $842K Add +193.4%
TPC Tutor Perini Corp. 0.04% 12,429 $833K Add +45.3%
VYX NCR Voyix Corp. 0.04% 78,098 $797K Add +249.9%
IMKTA Ingles Markets Inc. Class A 0.04% 11,585 $794K Add +214.8%
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.04% 126,126 $791K Add +807.6%
MWA Mueller Water Products Inc. Class A 0.04% 32,982 $786K Add +93.1%
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 0.04% 121,592 $779K Add +96.8%
BLDR Builders Firstsource Inc. 0.04% 7,545 $776K Add +89.5%
SXC Suncoke Energy Inc. 0.04% 107,653 $775K Add +191.5%
UYSC Uy Scuti Acquisition Corp. 0.04% 75,000 $769K No change
TMHC Taylor Morrison Home Corp. 0.04% 12,993 $765K New
THC Tenet Healthcare Corp. 0.04% 3,841 $763K New
AIR Aar Corp. 0.04% 9,189 $761K Add +54.8%
GTN Gray Media Inc. 0.04% 156,508 $757K New
DY Dycom Industries Inc. 0.04% 2,239 $757K New
SAC.U Safeguard Acquisition Corp. 0.04% 75,000 $756K New
LFACU Leapfrog Acquisition Corp. 0.04% 75,000 $750K New
VOYG Voyager Technologies Inc. Class A 0.04% 28,700 $750K New
KBH KB Home 0.04% 13,295 $750K Add +195.6%
ATI Ati Inc. 0.04% 6,529 $749K Add +28.5%
AHCO Adapthealth Corp. 0.04% 75,174 $749K New
SYNA Synaptics Inc. 0.04% 10,086 $747K New
WMS Advanced Drainage Systems Inc. 0.04% 5,115 $741K Add +121.0%
OI O-I Glass Inc. 0.04% 49,556 $731K New
FUL H.B. Fuller Co. filed as FULLER H B CO 0.04% 12,212 $726K Add +75.0%
FLR Fluor Corp. 0.04% 18,219 $722K New
CC The Chemours Co. 0.04% 59,941 $707K Add +199.9%
BRSL Brightstar Lottery PLC 0.04% 45,525 $705K New
VIAV Viavi Solutions Inc. 0.04% 39,498 $704K Add +44.7%
VFC VF Corp. 0.03% 38,143 $690K New
DBD Diebold Nixdorf Inc. 0.03% 10,062 $683K Add +20.3%
TEX Terex Corp. 0.03% 12,314 $657K New
ACCO Acco Brands Corp. 0.03% 176,209 $657K Add +3.4%
CENX Century Aluminum Company 0.03% 16,522 $647K New
VST Vistra Corp. 0.03% 4,007 $646K Add +89.5%
GHC Graham Holdings Co. Class B 0.03% 588 $646K New
PCAP Procap Acquisition Corp. Class A 0.03% 63,600 $644K No change
PFGC Performance Food Group Co. 0.03% 7,129 $641K New
RBC RBC Bearings Inc. 0.03% 1,425 $639K Add +15.8%
IBIT iShares Bitcoin Trust ETF 0.03% 12,800 $636K Reduce -96.0%
M Macy's Inc. 0.03% 28,625 $631K Add +21.3%
PAG Penske Automotive Group Inc. 0.03% 3,951 $625K New
PURR Hyperliquid Strategies 0.03% 172,878 $615K New
ARKO Arko Corp. 0.03% 134,989 $613K Add +6.7%
IHRT Iheartmedia Inc. Class A 0.03% 147,059 $612K Reduce -87.2%
WTG Wintergreen Acquisition Corp. 0.03% 60,000 $611K No change
BZH Beazer Homes USA Inc. 0.03% 29,703 $602K New
TDG Transdigm Group Inc. 0.03% 450 $598K New
PMTS Cpi Card Group Inc. 0.03% 40,668 $597K New
GFL GFL Environmental Inc.-Sub VT 0.03% 13,880 $596K Add +82.5%
LUMN Lumen Technologies Inc. 0.03% 76,714 $596K New
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.03% 32,827 $595K New
GTLS Chart Industries Inc. 0.03% 2,882 $594K New
BYD Boyd Gaming Corp. 0.03% 6,903 $588K Add +79.3%
MOG.A Moog Inc. Class A 0.03% 2,407 $586K New
VSAT Viasat Inc. 0.03% 16,802 $579K New
GDDY GoDaddy Inc. Class A 0.03% 4,651 $577K Add +65.8%
GPK Graphic Packaging Holding Co. 0.03% 37,900 $571K Add +74.0%
URI United Rentals Inc. 0.03% 705 $571K Add +104.3%
TRS Trimas Corp. 0.03% 16,012 $568K Add +129.1%
CNK Cinemark Holdings Inc. 0.03% 24,225 $563K New
VRRM Verra Mobility Corp. 0.03% 24,719 $554K New
FOR Forestar Group Inc. 0.03% 22,299 $549K New
ATKR Atkore Inc. 0.03% 8,609 $545K New
TWI Titan International Inc. 0.03% 69,062 $541K Add +35.0%
AMCX AMC Global Media Inc. filed as AMC NETWORKS INC 0.03% 55,943 $533K Reduce -31.1%
CARS Cars.com Inc. 0.03% 43,530 $531K New
GTES Gates Industrial Corp. UK Ltd. 0.03% 24,593 $528K New
RBA RB Global Inc. 0.03% 5,126 $527K New
PR Permian Resources Corp. Class A 0.03% 37,484 $526K New
PTC PTC Inc. 0.03% 2,992 $521K Add +77.5%
NAVI Navient Corp. 0.03% 39,129 $509K Add +51.5%
MTCH Match Group Inc. 0.03% 15,723 $508K New
LW Lamb Weston Holdings Inc. 0.03% 12,065 $505K New
SBGI Sinclair Inc. 0.03% 32,864 $503K Add +22.3%
RKT Rocket Cos Inc. Class A 0.03% 25,962 $503K New
SSNC Ss&c Technologies Holdings 0.03% 5,695 $498K Add +72.6%
DLX Deluxe Corp. 0.03% 22,278 $497K New
GLDD Great Lakes Dredge & Dock Co. 0.03% 37,760 $495K Add +26.6%
ASTL Algoma Steel Group Inc. 0.02% 120,260 $493K New
CVS CVS Health Corp. 0.02% 6,192 $491K New
ENS Enersys 0.02% 3,332 $489K New
SBH Sally Beauty Holdings Inc. 0.02% 34,147 $487K New
FOUR SHIFT4 Payments Inc. Class A 0.02% 7,654 $482K Add +81.1%
OMF Onemain Holdings Inc. 0.02% 7,099 $480K Add +28.5%
CRGY Crescent Energy Inc. Class A 0.02% 57,135 $479K Add +26.8%
ASO Academy Sports & Outdoors Inc. 0.02% 9,437 $471K New
AVTR Avantor Inc. 0.02% 40,810 $468K New
SHC Sotera Health Co. 0.02% 26,319 $464K Add +39.3%
PBH Prestige Consumer Healthcare 0.02% 7,392 $456K New
CVNA Carvana Co. 0.02% 1,069 $451K New
ALLY Ally Financial Inc. 0.02% 9,953 $451K Add +29.5%
ECPG Encore Capital Group Inc. 0.02% 8,246 $448K New
LADR Ladder Capital Corp.-REIT 0.02% 40,449 $445K Add +108.2%
CIEN Ciena Corp. 0.02% 1,899 $444K Add +10.3%
PFSI Pennymac Financial Services 0.02% 3,360 $443K New
ESAB Esab Corp. 0.02% 3,885 $434K Add +40.5%
AM Antero Midstream Corp. 0.02% 24,154 $430K New
AAL American Airlines Group Inc. 0.02% 27,692 $425K New
MHO M/I Homes Inc. 0.02% 3,282 $420K New
UAA Under Armour Inc. Class A 0.02% 84,336 $419K Add +58.9%
HLT Hilton Worldwide Holdings Inc. 0.02% 1,409 $405K Add +5.9%
SNAP Snap Inc. Class A 0.02% 50,042 $404K New
FICO Fair Isaac Corp. 0.02% 227 $384K New
DFH Dream Finders Homes Inc. Class A 0.02% 22,404 $383K New
DVA Davita Inc. 0.02% 3,283 $373K New
ZIP Ziprecruiter Inc. Class A 0.02% 95,039 $371K Add +19.4%
TPB Turning Point Brands Inc. 0.02% 3,255 $353K New
ALDF Aldel Financial II Inc. 0.02% 33,558 $352K No change
CRWD CrowdStrike Holdings Inc. Class A 0.02% 745 $349K Add +29.1%
EBS Emergent Biosolutions Inc. 0.02% 27,949 $345K New
HPP Hudson Pacific Properties Inc. 0.02% 31,433 $340K Add +65.5%
UNIT Uniti Group Inc. 0.02% 47,585 $334K New
IQV Iqvia Holdings Inc. 0.02% 1,463 $330K Reduce -22.3%
GT Goodyear Tire & Rubber Co. 0.02% 37,159 $326K New
CYH Community Health Systems Inc. 0.02% 102,324 $319K New
NSIT Insight Enterprises Inc. 0.02% 3,915 $319K New
TNL Travel + Leisure Co. 0.02% 4,484 $316K New
PZZA Papa John's Intl Inc. 0.02% 7,997 $308K Reduce -30.9%
ON On Semiconductor 0.01% 5,509 $298K New
CXT Crane NXT Co. 0.01% 6,021 $283K New
ENTG Entegris Inc. 0.01% 3,312 $279K New
UIS Unisys Corp. 0.01% 100,448 $277K Reduce -0.1%
NEOG Neogen Corp. 0.01% 38,805 $271K New
PKOH Park-Ohio Holdings Corp. 0.01% 12,867 $269K Reduce -44.9%
SMC Summit Midstream Corp. 0.01% 10,027 $268K Reduce -17.5%
ELAN Elanco Animal Health Inc. 0.01% 11,791 $267K Reduce -38.9%
HCMA HCM III Acquisition Cor Class A 0.01% 25,000 $251K No change
OUT Outfront Media Inc. 0.01% 10,254 $247K New
NMRK Newmark Group Inc. Class A 0.01% 14,165 $246K New
CTOS Custom Truck One Source Inc. 0.01% 42,191 $243K Reduce -45.4%
BGS B&G Foods Inc. 0.01% 51,640 $222K New
KTB Kontoor Brands Inc. 0.01% 3,607 $220K New
UPBD Upbound Group Inc. 0.01% 12,477 $219K New
XYZ Block Inc. 0.01% 3,226 $210K Add +1.1%
CHRD Chord Energy Corp. 0.01% 2,202 $204K New
STHO Star Holdings filed as STAR HLDGS 0.01% 23,091 $190K Reduce -46.7%
EPC Edgewell Personal Care Co. 0.01% 11,090 $189K New
OGN Organon & Co. 0.01% 22,550 $162K New
WTI W&T Offshore Inc. 0.01% 95,320 $155K Reduce -72.3%
BBCP Concrete Pumping Holdings Inc. 0.01% 18,293 $123K Add +32.5%
BLMN Bloomin' Brands Inc. 0.00% 15,490 $96K New
UCFI CN Healthy Food Tech Group C 0.00% 16,840 $93K No change
JBLU Jetblue Airways Corp. 0.00% 16,259 $74K Reduce -87.4%
AERT Aeries Technology Inc. 0.00% 54,109 $28K Reduce -6.2%
ALPS Alps Group Inc. 0.00% 11,851 $10K New

Options reported separately and not counted above: QQQ puts ($623.5M), SPY puts ($409.1M), XOP puts ($63.2M).

Other holdings (280): bonds, preferreds, convertibles and warrants · $1.5B (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 271,968,000$224.0MNew
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 113,720,000$122.9MAdd +7.1%
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 103,712,000$122.0MAdd +7.8%
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 120,864,000$107.9MAdd +6.2%
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal 71,414,000$106.2MAdd +131.0%
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 77,740,000$80.2MReduce -3.7%
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 62,114,000$70.7MNo change
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 48,000,000$58.5MAdd +6.7%
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal 52,500,000$58.3MNew
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 47,576,000$46.9MNo change
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 43,761,000$43.4MReduce -40.6%
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 5,116,121$43.2MReduce -3.5%
WEC ENERGY GROUP INC (WEC 4.375 06/01/27) NOTE 4.375% 6/0 · principal 25,000,000$28.3MNo change
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 28,000,000$27.7MNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 24,500,000$25.5MNew
SOFI TECHNOLOGIES INC (SOFI 0 10/15/26) CONV · principal 17,000,000$22.0MNew
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 21,836,000$21.3MNo change
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 10,000,000$18.9MAdd +66.7%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 19,150,000$18.5MReduce -2.5%
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal 6,000,000$16.5MAdd +33.3%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 10,000,000$16.4MNew
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 10,000,000$15.9MNew
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 10,000,000$15.0MAdd +73.9%
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal 7,000,000$12.8MNew
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal 13,058,000$12.8MNo change
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal 10,000,000$12.1MNew
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal 7,000,000$11.2MNew
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 4,750,000$10.9MReduce -17.4%
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal 7,000,000$10.4MNew
CLEANSPARK INC (CLSK 0 06/15/30) NOTE 6/1 · principal 10,000,000$10.4MNew
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 9,500,000$9.1MNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 3,000,000$7.8MReduce -50.0%
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 7,000,000$7.6MAdd +16.7%
UPSTART HOLDINGS INC (UPST 2 10/01/29) NOTE 2.000%10/0 · principal 6,000,000$7.6MNew
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 7,000,000$7.2MAdd +21.7%
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 4,500,000$6.4MNew
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 6,000,000$5.9MNew
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 5,250,000$5.8MReduce -84.9%
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal 4,750,000$5.6MReduce -17.4%
MARA HOLDINGS INC (MARA 0 06/01/31) NOTE 6/0 · principal 6,000,000$5.0MNew
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 4,750,000$4.9MReduce -17.4%
PL.WS Planet Labs PBC -CW26 *W EXP 12/06/202 559,714$4.8MReduce -21.7%
BEYOND MEAT INC (BYND 7 10/15/30) DEBT 10/1 · principal 6,000,000$4.6MNew
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 1,423,736$3.8MReduce -8.7%
SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) NOTE 2.250% 7/0 · principal 3,000,000$3.5MNo change
OPFI.WS Oppfi Inc. -CW26 *W EXP 07/20/202 2,203,396$3.3MAdd +0.8%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 3,000,000$2.9MReduce -50.0%
MARA HOLDINGS INC (MARA 0 03/01/30) NOTE 3/0 · principal 3,000,000$2.4MNew
AMPX.WS Amprius Technologies Inc. *W EXP 09/14/202 902,388$2.3MReduce -6.0%
JOBY.WS Joby Aviation Inc. -CW25 *W EXP 08/10/202 576,758$2.3MReduce -16.9%
BULLW Webull Corp.-30 *W EXP 04/10/203 716,194$2.1MReduce -5.6%
TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) NOTE 1.500% 3/1 · principal 2,000,000$2.0MNew
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 489,384$1.9MAdd +33.1%
ACHR.WS Archer Aviation Inc. -CW26 *W EXP 09/16/202 1,643,756$1.9MReduce -20.8%
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 826,071$1.3MReduce -9.0%
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 557,901$1.1MReduce -6.7%
NNAVW Nextnav Inc. *W EXP 99/99/999 143,156$1.0MReduce -88.8%
RUMBW Rumble Inc.-CW28 *W EXP 09/16/202 504,440$979KAdd +2.5%
SOUNW Soundhound AI Inc. *W EXP 04/26/202 246,720$843KAdd +3.9%
CRMLW Critical Metals Corp.-28 *W EXP 02/27/202 298,589$824KAdd +2.8%
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 1,818,436$751KAdd +0.4%
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 378,764$682KReduce -50.0%
VWAVW Visionwave Holdings Inc. *W EXP 07/14/203 579,741$673KAdd +6.2%
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 624,999$622KNo change
AENTW Adara Acquisition Class A -CW26 *W EXP 02/11/202 735,229$621KAdd +64.3%
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 624,935$572KAdd +45.0%
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 599,183$539KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 561,206$491KAdd +124.5%
SHMDW Schmid Group NV -28 *W EXP 04/30/202 300,000$456KNew
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 1,128,991$452KAdd +2.5%
TMCWW TMC the Metals Co. Inc. -CW25I *W EXP 09/09/202 332,718$434KReduce -40.4%
IMSRW HCM II Acquisition Corp. - 29 *W EXP 10/28/203 202,481$430KNew
BBAI.WS Bigbear.ai Holdings -CW28 *W EXP 12/08/202 261,731$420KReduce -16.4%
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 1,650,000$413KNo change
DAVEW Dave Inc. -CW27 *W EXP 01/05/202 449,600$410KAdd +12.4%
SKYH.WS Yellowstone Acquisit A -CW25 *W EXP 01/25/202 630,116$406KNo change
NAMSW Newamsterdam Pharma Co. NV-27 *W EXP 99/99/999 15,708$397KNew
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 617,011$376KNo change
CDROW Codere Online Luxembou -CW *W EXP 11/23/202 455,441$367KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 1,604,853$353KNo change
SVIAW Procap Financial Inc. *W EXP 12/05/203 538,040$352KNew
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 900,000$329KNo change
AIRJW Power & Digital Acq -CW24 *W EXP 03/15/202 358,193$321KNo change
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 1,325,000$318KNo change
EVLVW Evolv Technologies -CW26 *W EXP 07/16/202 1,151,084$316KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 374,999$307KNo change
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 125,000$298KNo change
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 559,645$297KNew
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 750,000$284KNo change
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 850,000$264KNew
EVEX.WS Eve Holdng Inc. -CW25 *W EXP 05/09/202 530,270$249KNo change
RZLVW Rezolve AI PLC -CW27 *W EXP 08/15/202 272,142$248KNo change
BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 2,169,191$241KReduce -4.5%
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 500,000$238KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 1,125,000$236KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 146,252$227KNo change
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 824,999$225KNo change
BGLWW Blue Gold Ltd. *W EXP 04/01/203 535,911$224KNo change
PEW.WS Grabagun Digital Holdings Inc. *W EXP 99/99/999 572,760$219KAdd +3.2%
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 400,000$208KNo change
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 612,499$199KNo change
BZAIW Burtech Acquisition -CW23 *W EXP 01/13/203 514,598$195KAdd +155.6%
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 775,498$194KNew
ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 536,790$188KReduce -40.7%
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 202,616$186KAdd +50.9%
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 391,942$176KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 199,999$175KNo change
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 204,129$174KAdd +4.3%
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 199,999$170KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 425,000$170KNo change
ADSEW ADS-Tec Energy PLC-WRNT *W EXP 99/99/999 140,790$168KNo change
MDAIW Spectral AI -CW27 *W EXP 09/11/202 359,943$167KAdd +24.3%
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 881,716$165KNo change
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 407,807$163KNew
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 685,841$161KNo change
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 1,100,000$154KNo change
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 407,592$153KNew
ALISR Calisa Acquisition Corp. RIGHT 09/11/2030 310,000$151KNew
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 533,140$149KNew
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 784,202$148KNo change
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 349,950$147KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 294,478$143KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 425,310$142KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 339,583$136KNo change
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 199,998$135KNo change
NOEMR CO2 Energy Transition Co.-RTS RIGHT 10/15/2028 578,096$128KNo change
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 462,500$127KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 152,161$126KNo change
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 500,000$125KNo change
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 542,714$122KNo change
AUROW Aurora Innovation Inc. -CW28 *W EXP 11/03/202 523,883$122KNo change
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 585,331$122KNo change
SBCWW Pono Capital Two Inc. -27 *W EXP 09/17/202 529,961$122KAdd +54.6%
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 1,457,677$120KNo change
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 59,999$117KNew
GRMLW Anew Medical Inc. *W EXP 06/21/202 1,106,754$114KNo change
HPAIW Helport AI Ltd. -29 *W EXP 03/31/202 664,491$111KAdd +273.2%
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 200,000$110KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 174,999$108KNo change
SATLW Satellogic Inc.-A -23 *W EXP 01/25/202 410,927$107KNo change
SLDPW Decarbonization Plus -CW23 *W EXP 12/08/202 140,191$103KNew
EVOXW Evolution Global Acquisition *W EXP 10/22/203 249,999$103KNew
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 300,000$97KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 454,000$91KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 350,000$88KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 500,000$88KNo change
NOEMW CO2 Energy Transition -28 *W EXP 08/17/202 578,096$87KNo change
EMISR Emmis Acquisition Corp. RIGHT 09/12/2030 560,246$85KNo change
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 89,314$81KNew
DAICW Cid Holdco Inc. -26 *W EXP 12/31/202 956,650$80KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 500,000$80KNo change
LOTWW Lotus Technology Inc.-28 *W EXP 02/22/202 1,272,825$80KAdd +1317.0%
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 450,000$77KNo change
NAMMW Namib Minerals *W EXP 06/05/203 1,014,885$76KNo change
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 274,999$76KNew
OABIW Omniab Inc. - CW26 *W EXP 99/99/999 679,919$74KNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 116,665$73KNo change
VGASW Cenaq Energy Corp. Class A -CW27 *W EXP 02/15/202 932,090$73KAdd +976.4%
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 279,682$73KNo change
HOVRW Pono Capital Three Inc.-A-28 *W EXP 02/14/202 218,754$69KNo change
ASTLW Algoma Steel Group Inc. -CW26 *W EXP 10/19/202 835,736$69KReduce -7.7%
ATIIW Archimedes Tech-30 *W EXP 10/15/202 125,000$67KNo change
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 200,000$65KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 126,296$64KNew
GRABW Grab Holdings Ltd.-CW 26 *W EXP 99/99/999 210,873$63KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 300,000$63KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 245,375$63KNo change
CRACR Crown Reserve Acquisitio-RTS RIGHT 10/06/2030 300,000$62KNew
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 279,162$61KNew
HAVAR Harvard Ave Acquisition RIGHT 99/99/9999 550,000$61KNew
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 250,000$59KNo change
NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 111,888$59KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 75,000$58KNo change
PELIR Pelican Acquisition Corp.-RTS RIGHT 05/02/2030 250,000$58KNo change
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 99,998$57KNo change
MMTXW Miluna Acquisition Corp. *W EXP 09/29/203 475,000$55KNew
SCAGW Scage Future -30 *W EXP 05/15/203 867,341$54KAdd +13.0%
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 400,000$54KNew
DYORW Insight Digital Partners II *W EXP 10/28/203 149,999$53KNew
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 159,953$53KNo change
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 569,037$53KAdd +227.9%
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 133,331$52KNew
DNMXW Dynamix Corp. III *W EXP 10/10/203 149,999$52KNew
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 149,999$50KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 1,143,978$50KAdd +7.8%
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 300,000$49KNew
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 62,498$48KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 200,000$48KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 150,000$48KNew
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 118,825$48KNo change
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 250,000$46KNo change
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 841,050$46KAdd +21.7%
WSTNR Westin Acquisition Corp.-RTS RIGHT 09/17/2030 250,000$45KNew
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 116,666$45KNo change
NXATW K Wave Media Ltd.-28 *W EXP 05/14/203 1,386,435$44KAdd +1.8%
FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 265,897$44KNo change
NVNWF Nvni Group Ltd.-28 *W EXP 11/01/202 691,746$43KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 83,333$43KNo change
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 200,000$43KNo change
TLSIW Medtech Acquisition Corp.-CW *W EXP 08/10/202 28,066$43KNew

Largest 200 of 280 shown.

Total filed on the 13F, all lines: $3.5B.

Portfolio Sells Q3 2025 → Q4 2025
LBRDK Liberty Broadband-C Reduce -45.8% 4.64% −6.81
CIVI Civitas Resources Inc. Reduce -33.2% 5.57% −4.67
CUK Carnival PLC-ADR Reduce -39.8% 6.32% −3.05
FYBR Frontier Communications Pare Reduce -70.4% 0.72% −1.71
IBIT iShares Bitcoin Trust ETF Reduce -96.0% 0.03% −1.05
HSDT Solana Co. Sold out 0.00% −0.63
FWDI Forward Industries Inc. Sold out 0.00% −0.53
VLOS Velos Acquisition I Corp. Sold out 0.00% −0.44
ZZPWF Zooz Power Ltd. Sold out 0.00% −0.41
HDRN Hadron Energy Inc. Reduce -41.4% 0.53% −0.40
APLD Applied Digital Corp. Sold out 0.00% −0.38
GWRE Guidewire Software Inc. Sold out 0.00% −0.37
AEXA American Exceptionalism Class A Reduce -72.7% 0.12% −0.32
KDK Kodiak AI Inc. Sold out 0.00% −0.32
LITE Lumentum Holdings Inc. Sold out 0.00% −0.32
CVLT Commvault Systems Inc. Sold out 0.00% −0.24
NTNX Nutanix Inc. Class A Sold out 0.00% −0.22
CNX CNX Resources Corp. Reduce -48.0% 0.31% −0.22
EXE Expand Energy Corp. Reduce -38.8% 0.34% −0.21
EQT Eqt Corp. Reduce -33.1% 0.34% −0.19
RRC Range Resources Corp. Reduce -27.8% 0.36% −0.19
AR Antero Resources Corp. Reduce -34.7% 0.33% −0.17
BRR Columbus Circle Capital Co. Class A Sold out 0.00% −0.16
VCIC Vine Hill Capital Class A Reduce -14.2% 0.82% −0.15
IHRT Iheartmedia Inc. Class A Reduce -87.2% 0.03% −0.14
GPOR Gulfport Energy Corp. Reduce -33.1% 0.37% −0.12
DDOG Datadog Inc. Class A Reduce -15.4% 0.34% −0.09
VSH Vishay Intertechnology Inc. Sold out 0.00% −0.08
JBTM JBT Marel Corp. Sold out 0.00% −0.08
INFQ Infleqtion Inc. Sold out 0.00% −0.06
ALNY Alnylam Pharmaceuticals Inc. Sold out 0.00% −0.05
CCOI Cogent Communications Holdin Sold out 0.00% −0.05
GPI Group 1 Automotive Inc. Sold out 0.00% −0.04
CABO Cable One Inc. Sold out 0.00% −0.04
KSS Kohls Corp. Sold out 0.00% −0.04
CRWV Coreweave Inc. Class A Sold out 0.00% −0.04
TSAT Telesat Corp. Sold out 0.00% −0.04
AMKR Amkor Technology Inc. Sold out 0.00% −0.03
PPC Pilgrim's Pride Corp. Sold out 0.00% −0.03
QVCAQ QVC Group Inc. Sold out 0.00% −0.03
EAT Brinker International Inc. Sold out 0.00% −0.03
DHC Diversified Healthcare Trust Sold out 0.00% −0.03
PHIN Phinia Inc. Sold out 0.00% −0.03
RNG Ringcentral Inc. Class A Sold out 0.00% −0.03
DAN Dana Inc. Sold out 0.00% −0.03
AMC AMC Entertainment HLDS Class A Sold out 0.00% −0.03
JBLU Jetblue Airways Corp. Reduce -87.4% 0.00% −0.03
LEVI Levi Strauss & Co. Class A Sold out 0.00% −0.03
TILE Interface Inc. Sold out 0.00% −0.03
ACA Arcosa Inc. Sold out 0.00% −0.03

Portfolio Buys Q3 2025 → Q4 2025
PPLI People Inc. Add +100.8% 11.24% +6.25
HEI.A Heico Corp. Class A Add +45.1% 11.32% +3.29
FOX Fox Corp. Class B New 2.31% +2.31
NWSA News Corp. Class A Add +481.1% 1.05% +0.84
BIXI Bitcoin Infrastructure Class A New 0.77% +0.77
ITHAU Ithax Acquisition Corp. III New 0.63% +0.63
MESHU Meshflow Acquisition Corp. New 0.58% +0.58
BEBE.U Tge Value Creative Solutions New 0.51% +0.51
ADACU American Drive Acquisition C New 0.51% +0.51
LPCVU Launchpad Cadenza Acquisitio New 0.50% +0.50
SVAQU Silicon Valley Acquisition C New 0.45% +0.45
GIW GIGCAPITAL8 Corp. Class A New 0.42% +0.42
SBXE.U Silverbox Corp. V New 0.41% +0.41
GPACU General Purpose Acquisition New 0.35% +0.35
VLO Valero Energy Corp. New 0.34% +0.34
SM SM Energy Co. Add +2802.9% 0.33% +0.32
TWLVU Twelve Seas Investment Co. II New 0.30% +0.30
MPC Marathon Petroleum Corp. New 0.30% +0.30
YCY Aa Mission Acquisition-A New 0.28% +0.28
HAVA Harvard Ave Acquisition Class A New 0.28% +0.28
APXT Apex Treasury Corp. Class A New 0.27% +0.27
CEPV Cantor Equity Partners Class A New 0.27% +0.27
BLRKU Bluerock Acquisition Corp. New 0.26% +0.26
CCXIU Churchill Capital Corp. Xi New 0.26% +0.26
VHCPU Vine Hill Capital Investment New 0.25% +0.25
EVOX Evolution Global Acquis Class A New 0.25% +0.25
MMTX Miluna Acquisition Class A New 0.24% +0.24
CRANU Crane Harbor Acquisition Cor New 0.23% +0.23
LKSP Lake Superior Acquisiti Class A New 0.21% +0.21
LAFA Lafayette Acquisition Corp. New 0.20% +0.20
NSTR Northstar Earth & Space Ente New 0.20% +0.20
SBXDF Silverbox Corp. IV-A New 0.18% +0.18
ALIS Calisa Acquisition Corp. New 0.16% +0.16
IGACU Invest Green Acquisition Cor New 0.15% +0.15
SCIIU SC II Acquisition Corp. New 0.15% +0.15
HCACU Hall Chadwick Acquisition Co. New 0.15% +0.15
RNGT Range Capital Acquisit Class A New 0.15% +0.15
CRAC Crown Reserve Acquisiti Class A New 0.15% +0.15
DYOR Insight Digital Partners I-A New 0.15% +0.15
DNMX Dynamix Corp. III Class A New 0.15% +0.15
DINO HF Sinclair Corp. New 0.15% +0.15
TDWD Tailwind 2.0 Acquisitio Class A New 0.15% +0.15
DSACU Daedalus Special Acquisition New 0.14% +0.14
POLE Andretti Acquisition Corp. Class A New 0.13% +0.13
BPACU Blueport Acquisition Ltd. New 0.13% +0.13
WSTN Westin Acquisition Corp. Class A New 0.12% +0.12
KBONU Karbon Capital Partners Corp. New 0.12% +0.12
APAC Stonebridge Acquisition Class A New 0.10% +0.10
WW WW International Inc.-New Add +2.2% 1.36% +0.09
AIIA AI Infrastructure Ac-A New 0.08% +0.08

Options Activity Q3 2025 → Q4 2025
QQQ Invesco QQQ Trust Series 1 put New 1,015,000 $623.5M
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -57.1% 600,000 $409.1M
XOP SS SPDR S&P Og Exp & Prod put Reduce -18.6% 500,500 $63.2M
BYND Beyond Meat Inc. put Sold out 12,200 $23Kbefore exit

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

Notes & Other Activity Q3 2025 → Q4 2025
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal New 271,968,000 $224.0M
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal Add +7.1% 113,720,000 $122.9M
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Add +7.8% 103,712,000 $122.0M
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal Add +6.2% 120,864,000 $107.9M
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal Add +131.0% 71,414,000 $106.2M
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Reduce -3.7% 77,740,000 $80.2M
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal Add +6.7% 48,000,000 $58.5M
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal New 52,500,000 $58.3M
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal Sold out 50,058,000 $52.7Mbefore exit
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Reduce -40.6% 43,761,000 $43.4M
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 Reduce -3.5% 5,116,121 $43.2M
RGTIW Rigetti Computing -CW27 *W EXP 03/02/202 Sold out 1,606,989 $29.5Mbefore exit
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal New 24,500,000 $25.5M
BLOOM ENERGY CORP (BE 3 06/01/29) NOTE 3.000% 6/0 · principal Sold out 6,000,000 $24.8Mbefore exit
SOFI TECHNOLOGIES INC (SOFI 0 10/15/26) CONV · principal New 17,000,000 $22.0M
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal Add +66.7% 10,000,000 $18.9M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal Reduce -2.5% 19,150,000 $18.5M
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal Add +33.3% 6,000,000 $16.5M
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal New 10,000,000 $16.4M
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal New 10,000,000 $15.9M
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal Add +73.9% 10,000,000 $15.0M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal Sold out 15,360,000 $14.5Mbefore exit
BEYOND MEAT INC (BYND 0 03/15/27) NOTE 3/1 · principal Sold out 66,325,000 $13.6Mbefore exit
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal New 7,000,000 $12.8M
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal New 10,000,000 $12.1M
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal New 7,000,000 $11.2M
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal Reduce -17.4% 4,750,000 $10.9M
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal New 7,000,000 $10.4M
CLEANSPARK INC (CLSK 0 06/15/30) NOTE 6/1 · principal New 10,000,000 $10.4M
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Sold out 3,000,000 $9.6Mbefore exit
PEABODY ENERGY CORP (BTU 3.25 03/01/28) NOTE 3.250% 3/0 · principal Sold out 6,000,000 $9.0Mbefore exit
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal Sold out 6,000,000 $8.7Mbefore exit
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal Reduce -50.0% 3,000,000 $7.8M
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal Sold out 5,750,000 $7.6Mbefore exit
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal Add +16.7% 7,000,000 $7.6M
UPSTART HOLDINGS INC (UPST 2 10/01/29) NOTE 2.000%10/0 · principal New 6,000,000 $7.6M
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal Add +21.7% 7,000,000 $7.2M
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal New 4,500,000 $6.4M
WORLD KINECT GROUP (WKC 3.25 07/01/28) NOTE 3.250% 7/0 · principal Sold out 5,750,000 $6.3Mbefore exit
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal New 6,000,000 $5.9M
USA RARE EARTH INC *W EXP 03/13/203 Sold out 814,435 $5.8Mbefore exit
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Reduce -84.9% 5,250,000 $5.8M
CALLAWAY GOLF CO (CALY 2.75 05/01/26) NOTE 2.750% 5/0 · principal Sold out 5,750,000 $5.7Mbefore exit
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal Reduce -17.4% 4,750,000 $5.6M
MARA HOLDINGS INC (MARA 0 06/01/31) NOTE 6/0 · principal New 6,000,000 $5.0M
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal Reduce -17.4% 4,750,000 $4.9M
PL.WS Planet Labs PBC -CW26 *W EXP 12/06/202 Reduce -21.7% 559,714 $4.8M
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal Sold out 4,803,000 $4.7Mbefore exit
BEYOND MEAT INC (BYND 7 10/15/30) DEBT 10/1 · principal New 6,000,000 $4.6M
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 Reduce -8.7% 1,423,736 $3.8M

Showing the first 50 of 160.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 436$2.7BSM, PPLI, HEI.A, LBRDK, BATRK
Q1 2026 375$2.6BSM, WIX, PPLI, HEI.A, LBRDK
Q4 2025 324$2.0BHEI.A, PPLI, CUK, CIVI, LBRDK
Q3 2025 295$1.9BLBRDK, CIVI, CUK, HEI.A, PPLI
Q2 2025 255$2.0BLBRDK, CUK, LBRDA, HEI.A, CIVI
Q1 2025 227$1.6BLBRDK, CUK, LBRDA, BATRK, FYBR
Q4 2024 182$1.5BLBRDK, CUK, LBRDA, HEI.A, BATRK
Q3 2024 168$1.6BLBRDK, IBIT, CUK, LBRDA, HEI.A
Q2 2024 161$1.5BLBRDK, IBIT, CUK, HYG, LSXMK
Q1 2024 138$1.5BLBRDK, LSXMK, CUK, IBIT, LBRDA