Atlas Merchant Capital LLC

Name: Atlas Merchant Capital LLC 13F holdings, Q1 2025
Creator: Atlas Merchant Capital LLC
Published: 2025-05-12

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Atlas Merchant Capital LLC reported 15 stock positions worth $38.6 million. Its top holding was iShares 3-7 Year Treasury Bo (IEI) at 68.0% of the portfolio, followed by Hennessy Capital Invest Class A (HCVI, 14.6%) and Fold (FLD, 5.2%). Compared with Q4 2024, it opened 1 new position and sold out of 4. The biggest buy was a new position in Fold (FLD) and the biggest sale an exit from Welsbach Tech Metals Acqu.

Most Recent 13F: Q2 2026
Location: New York, NY
CIK: 0001945789
Portfolio Value: $38.6M (Q1 2025)
SEC Filing: 0000950142-25-001327 ↗ filed May 12, 2025

Holdings Value

Holdings 15 stocks · $38.6M


IEI iShares 3-7 Year Treasury Bo	68.04%	222,222	$26.3M	No change
HCVI Hennessy Capital Invest Class A	14.63%	500,000	$5.6M	No change
FLD Fold Holdings Inc. filed as FOLD HLDGS INC	5.22%	325,000	$2.0M	New
LPA Logistic Properties of the A	2.60%	112,500	$1.0M	No change
MGNI Magnite Inc.	2.44%	82,500	$941K	No change
CZR Caesars Entertainment Inc.	2.27%	35,000	$875K	No change
COCH Envoy Medical Inc.	1.87%	555,527	$722K	No change
CHGG Chegg Inc.	0.83%	500,000	$320K	No change
JVSA Jvspac Acquisition Corp. Class A	0.69%	25,000	$267K	No change
UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP	0.68%	25,000	$262K	No change
URBAN ONE INC	0.37%	200,000	$144K	No change
BRAND ENGAGEMENT NETWORK INC	0.16%	175,000	$60K	No change
ABPRO HLDGS INC	0.09%	87,500	$36K	No change
PITEF Heramba Electric PLC	0.09%	138,000	$33K	No change
STARDUST PWR INC	0.02%	17,000	$8K	No change

Other holdings (4): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)

Security	Class	Shares / Principal	Value	Change
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28)	NOTE 0.250% 2/1 · principal	5,000,000	$1.2M	No change
ECD AUTOMOTIVE DESIGN INC	*W EXP 12/12/202	450,000	$9K	No change
IROHR Iron Horse Acquisitions Righ	RIGHT 99/99/9999	25,000	$8K	No change
ECXWW Ecarx Holdings Inc. Class A-27	*W EXP 99/99/999	125,000	$6K	No change

Total filed on the 13F, all lines: $39.8M.

Portfolio Sells Q4 2024 → Q1 2025


WELSBACH TECH METALS ACQU CO	Sold out	0.00%	−6.11
ISRLF Israel Acquisitions Corp. Class A	Sold out	0.00%	−3.36
BOWN Bowen Acquisition Corp.	Sold out	0.00%	−1.30
QT IMAGING HLDGS INC	Sold out	0.00%	−0.05

Portfolio Buys Q4 2024 → Q1 2025


FLD Fold Holdings Inc.	New	5.22%	+5.22

Options Activity Q4 2024 → Q1 2025


HYG Ishr Ibx Usd Hiyld CB ETF-Ui	put	Sold out	750,000	$59.0Mbefore exit

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

Notes & Other Activity Q4 2024 → Q1 2025


CHEGG INC (CHGG 0 09/01/26)	NOTE 9/0 · principal	Sold out	7,376,000	$6.0Mbefore exit
HERBALIFE LTD (HLF 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	Sold out	4,000,000	$3.1Mbefore exit
GLSTR Global Star Acquisition-RTS	RIGHT 99/99/9999	Sold out	50,000	$7Kbefore exit
BOWNR Bowen Acquisition Corp.-RTS	RIGHT 99/99/9999	Sold out	31,209	$6Kbefore exit
SVUWF Srivaru Holding Ltd.-28	*W EXP 12/08/202	Sold out	440,901	$4Kbefore exit
GLSTW Global Star Acquisition-27 A	*W EXP 07/15/202	Sold out	50,000	$2Kbefore 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 2025Amended	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