Atlas Merchant Capital LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Atlas Merchant Capital LLC reported 18 stock positions worth $42.1 million . Its top holding was iShares 3-7 Year Treasury Bo (IEI) at 61.0% of the portfolio, followed by Hennessy Capital Invest Class A (HCVI, 12.6% ) and Welsbach Tech Metals Acqu (6.1% ). Compared with Q3 2024, it opened 1 new position, sold out of 16 and added to 2. The biggest buy was iShares 3-7 Year Treasury Bo (IEI, shares +119% ) and the biggest sale an exit from Focus Impact Acquisition Cor .
Location New York, NY
CIK 0001945789
Portfolio Value $42.1M (Q4 2024) Holdings 18 stocks · $42.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 IEI iShares 3-7 Year Treasury Bo 222,222 $25.7M Add +119.5% HCVI Hennessy Capital Invest Class A 500,000 $5.3M No change WELSBACH TECH METALS ACQU CO 200,000 $2.6M No change ISRLF Israel Acquisitions Corp. Class A 125,000 $1.4M No change MGNI Magnite Inc. 82,500 $1.3M Add +65.0% LPA Logistic Properties of the A 112,500 $1.2M No change CZR Caesars Entertainment Inc. 35,000 $1.2M No change COCH Envoy Medical Inc. 555,527 $817K No change CHGG Chegg Inc. 500,000 $805K No change BOWN Bowen Acquisition Corp. 50,000 $546K No change JVSA Jvspac Acquisition Corp. Class A 25,000 $261K No change UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP 25,000 $257K No change URBAN ONE INC 200,000 $199K No change PITEF Heramba Electric PLC 138,000 $184K No change BRAND ENGAGEMENT NETWORK INC 175,000 $170K No change ABPRO HLDGS INC 87,500 $157K New STARDUST PWR INC 17,000 $61K No change QT IMAGING HLDGS INC 45,000 $22K No change
Options reported separately and not counted above: HYG puts ($59.0M).
Other holdings (10): bonds, preferreds, convertibles and warrants · $11.5M (not counted above) Security Class Shares / Principal Value Change CHEGG INC (CHGG 0 09/01/26) NOTE 9/0 · principal 7,376,000 $6.0M Reduce -32.2% HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 4,000,000 $3.1M Add +100.0% WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal 5,000,000 $2.3M New IROHR Iron Horse Acquisitions Righ RIGHT 99/99/9999 25,000 $9K No change ECD AUTOMOTIVE DESIGN INC *W EXP 12/12/202 450,000 $8K No change GLSTR Global Star Acquisition-RTS RIGHT 99/99/9999 50,000 $7K No change ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 125,000 $6K No change BOWNR Bowen Acquisition Corp.-RTS RIGHT 99/99/9999 31,209 $6K Reduce -23.5% SVUWF Srivaru Holding Ltd.-28 *W EXP 12/08/202 440,901 $4K No change GLSTW Global Star Acquisition-27 A *W EXP 07/15/202 50,000 $2K No change
Total filed on the 13F, all lines: $53.6M.
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ FOCUS IMPACT ACQUISITION COR Sold out 0.00% −8.46 CDAQF Compass Digital Acquisition Sold out 0.00% −8.42 FLD Fold Holdings Inc. Sold out 0.00% −8.41 GLLI Globalink Investment Inc. Sold out 0.00% −6.51 PRLH Pearl Holdings Acquisition-A Sold out 0.00% −4.36 BURTECH ACQUISITION CORP Sold out 0.00% −4.18 SVIIF Spring Valley Acquisition-A Sold out 0.00% −3.49 BLEUACACIA LTD Sold out 0.00% −2.56 KACLF Kairous Acquisition Corp. Ltd. Sold out 0.00% −1.90 COLOMBIER ACQUISITION CORP Sold out 0.00% −1.59 RFAI RF Acquisition Corp. II Sold out 0.00% −1.57 TH Target Hospitality Corp. Sold out 0.00% −0.91 VSAC Vision Sensing Acquisition-A Sold out 0.00% −0.90 TMTC TMT Acquisition Corp. Class A Sold out 0.00% −0.61 TGAAF Target Global Acquisition -A Sold out 0.00% −0.37 AITR AI Transportation Acquisitio Sold out 0.00% −0.33
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ IEI iShares 3-7 Year Treasury Bo Add +119.5% 60.96% +42.16 MGNI Magnite Inc. Add +65.0% 3.12% +2.04 ABPRO HLDGS INC New 0.37% +0.37
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Add +87.5% 750,000 $59.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024 Security Class Change vs Q3 2024 Shares / Principal Value ▼ CHEGG INC (CHGG 0 09/01/26) NOTE 9/0 · principal Reduce -32.2% 7,376,000 $6.0M HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal Add +100.0% 4,000,000 $3.1M WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal New 5,000,000 $2.3M TMTCR TMT Acquisition Corp.-RT RIGHT 03/27/2028 Sold out 35,000 $10Kbefore exit RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 Sold out 100,000 $7Kbefore exit JVSAR Jvspac Acquisition Corp.-RTS RIGHT 11/26/2026 Sold out 25,000 $7Kbefore exit BOWNR Bowen Acquisition Corp.-RTS RIGHT 99/99/9999 Reduce -23.5% 31,209 $6K AITRR AI Transportation Acquis-RTS RIGHT 09/01/2028 Sold out 20,000 $3Kbefore exit UCFIW Iron Horse Acquisition Co.-29 *W EXP 09/30/203 Sold out 25,000 $750before 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 1 $585K EMAT Q1 2026 1 $789K EMAT Q4 2025 2 $55K BNAI, CID HOLDCO INC Q3 2025 7 $226.1M CRCL, BULL, COCH, CID HOLDCO INC, LPA Q2 2025 Amended 11 $332.5M CRCL, NAMM, BULL, COCH, CID HOLDCO INC Q1 2025 15 $38.6M IEI, HCVI, FLD, LPA, MGNI Q4 2024 18 $42.1M IEI, HCVI, WELSBACH TECH METALS ACQU CO, ISRLF, MGNI Q3 2024 33 $64.4M IEI, HCVI, FOCUS IMPACT ACQUISITION COR, CDAQF, FLD Q2 2024 47 $195.2M CVII, SLAMF, TRTLF, PEGR, BITE Q1 2024 60 $238.6M CVII, SLAMF, TRTLF, SCRM, PEGR