Boussard & Gavaudan Investment Management LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Boussard & Gavaudan Investment Management LLP reported 62 stock positions worth $549.7 million. Its top holding was Pioneer Natural Resources (PXD) at 14.0% of the portfolio, followed by Liberty Media Corp.-Liber-New (LSXMK, 9.2%) and Hess (HES, 6.6%). Compared with Q4 2023, it opened 33 new positions, sold out of 24, added to 16 and reduced 7. The biggest buy was Pioneer Natural Resources (PXD, shares +137%) and the biggest sale an exit from Chart Industries Inc. (gtls 1 11/15/24).
- Most Recent 13F
- Q1 2026
- Location
- London, X0
- CIK
- 0001614986
- Portfolio Value
- $549.7M (Q1 2024)
- SEC Filing
- 0001614986-24-000004 ↗ filed May 14, 2024
Holdings Value
Holdings 62 stocks · $549.7M
| PXD Pioneer Natural Resources Co. | 14.02% | 294,834 | $77.1M | Add +137.3% |
| LSXMK Liberty Media Corp.-Liber-New | 9.16% | 1,698,579 | $50.3M | Add +39.3% |
| HES Hess Corp. | 6.57% | 238,456 | $36.1M | Add +144.9% |
| ALTAIR ENGINEERING INC (ALTR 0.25 06/01/24) | 5.32% | 15,850 | $29.2M | No change |
| X United States Steel Corp. | 5.25% | 702,526 | $28.9M | Add +219.5% |
| LSXMA Liberty Media Corp. Class A New | 4.34% | 804,943 | $23.9M | Add +3.5% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | 3.77% | 14,151 | $20.7M | New |
| WRK Westrock Co. | 3.63% | 407,243 | $20.0M | Add +16.3% |
| CPRI Capri Holdings Ltd. | 3.10% | 372,012 | $17.1M | Add +20.0% |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | 2.56% | 10,500 | $14.1M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | 2.47% | 7,500 | $13.6M | New |
| ARMK Aramark | 2.30% | 388,470 | $12.6M | Add +22.5% |
| APA Apa Corp. | 2.12% | 340,494 | $11.7M | New |
| LBRDK Liberty Broadband-C | 1.93% | 187,603 | $10.6M | Add +204.0% |
| OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC | 1.92% | 683,012 | $10.6M | Reduce -20.0% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | 1.87% | 6,351 | $10.3M | New |
| ANSS Ansys Inc. | 1.75% | 27,741 | $9.6M | New |
| VLTO Veralto Corp. | 1.72% | 105,832 | $9.5M | Add +7.0% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | 1.70% | 9,275 | $9.4M | New |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | 1.40% | 6,000 | $7.7M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | 1.39% | 4,000 | $7.7M | New |
| ELF Elf Beauty Inc. | 1.30% | 35,926 | $7.2M | New |
| ANSC Agriculture & Natural Soluti | 1.29% | 700,000 | $7.1M | New |
| DPZ Domino's Pizza Inc. | 1.28% | 14,242 | $7.0M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | 1.26% | 6,000 | $6.9M | New |
| AS Amer Sports Inc. | 1.23% | 414,230 | $6.8M | New |
| UBER Uber Technologies Inc. | 1.14% | 80,786 | $6.3M | New |
| DFS Discover Financial Services | 1.10% | 46,304 | $6.1M | New |
| PINS Pinterest Inc. Class A | 1.09% | 171,601 | $6.0M | New |
| BGC BGC Group Inc. Class A | 1.05% | 749,289 | $5.8M | Reduce -71.7% |
| MDU Mdu Resources Group Inc. | 1.03% | 226,005 | $5.6M | Add +7.0% |
| VSTS Vestis Corp. | 1.01% | 287,287 | $5.5M | Add +19.1% |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | 1.00% | 4,679 | $5.5M | No change |
| ATMU Atmus Filtration Technologie | 0.93% | 158,350 | $5.1M | New |
| ADBE Adobe Inc. | 0.89% | 9,712 | $4.9M | New |
| VRE Veris Residential Inc. | 0.83% | 299,838 | $4.6M | Add +7.0% |
| M Macy's Inc. | 0.76% | 211,368 | $4.2M | New |
| CELH Celsius Holdings Inc. | 0.75% | 49,810 | $4.1M | Reduce -60.4% |
| WH Wyndham Hotels & Resorts Inc. | 0.73% | 52,760 | $4.0M | Reduce -65.0% |
| ARES ACQUISITION CORP II | 0.58% | 300,000 | $3.2M | No change |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | 0.55% | 2,300 | $3.0M | New |
| SCRM Screaming Eagle Acq Class A | 0.54% | 275,800 | $2.9M | No change |
| CAVA Cava Group Inc. | 0.41% | 31,926 | $2.3M | New |
| EAGLE BULK SHIPPING INC | 0.31% | 26,508 | $1.7M | Add +38.8% |
| JWSMF Jaws Mustang Acquisition C-A | 0.30% | 150,000 | $1.6M | Reduce -50.0% |
| CHEF The Chefs' Warehouse Inc. | 0.14% | 20,200 | $766K | Reduce -45.5% |
| CTLT Catalent Inc. | 0.08% | 9,918 | $428K | New |
| ATSG Air Transport Services Group | 0.05% | 19,123 | $269K | New |
| MDB Mongodb Inc. | 0.04% | 588 | $212K | New |
| CRH CRH PLC | 0.03% | 2,115 | $183K | New |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | 0.01% | 16,998 | $33K | Add +26.9% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | 0.00% | 16,519 | $20K | Add +9.3% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | 0.00% | 11,500 | $17K | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | 0.00% | 12,077 | $17K | Reduce -4.4% |
| STRIDE INC (LRN 1.125 09/01/27) | 0.00% | 10,000 | $13K | New |
| ALLGF Allego NV | 0.00% | 6,900 | $12K | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | 0.00% | 7,500 | $9K | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | 0.00% | 6,500 | $7K | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | 0.00% | 5,545 | $6K | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | 0.00% | 5,000 | $6K | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | 0.00% | 2,500 | $2K | New |
| DATADOG INC (DDOG 0.125 06/15/25) | 0.00% | 636 | $900 | No change |
Options reported separately and not counted above: VOLATILITY SHS TR puts ($1.4M), ATMUS FILTRATION TECHNOLOGIE puts ($249K), MACYS INC calls ($180K).
Other holdings (24): bonds, preferreds, convertibles and warrants · $13.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CLARIVATE PLC (CLVT 5.25 06/01/24 A) | 5.25% PFD CONV A | 424,125 | $12.7M | No change |
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | 30,000 | $99K | Reduce -52.0% |
| ZURA BIO LTD | *W EXP 99/99/999 | 187,500 | $58K | No change |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 75,000 | $58K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 350,000 | $56K | New |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 91,666 | $45K | New |
| SCRMW Screaming Eagle Acq Class A -27 | *W EXP 99/99/999 | 83,333 | $39K | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 275,000 | $36K | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 150,000 | $28K | No change |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | 100,000 | $22K | No change |
| GHIXW Gores Holding Ix -CW24 | *W EXP 01/14/202 | 78,715 | $21K | Add +5.7% |
| BKSYW Blacksky Technology -CW24 | *W EXP 09/09/202 | 265,081 | $21K | No change |
| EVTWF Vertical Aerospace Ltd. -CW26 | *W EXP 12/16/202 | 240,000 | $20K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 12,500 | $12K | No change |
| BLEUACACIA LTD | RIGHT 10/30/2026 | 225,000 | $11K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 45,387 | $9K | No change |
| SSTPW SYSTEM1 Inc.-CW | *W EXP 01/27/202 | 56,666 | $6K | No change |
| VWEWQ Vintage Wine Estates -CW27 | *W EXP 06/08/202 | 415,253 | $6K | No change |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | 15,638 | $5K | No change |
| SLMWF Slam Corp.-A -CW27 | *W EXP 99/99/999 | 31,250 | $4K | No change |
| GTACW Global Technology Acq -CW23 | *W EXP 99/99/999 | 112,500 | $3K | New |
| BLEUACACIA LTD | *W EXP 10/30/202 | 112,500 | $3K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 76,667 | $2K | No change |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 62,500 | $2K | No change |
Total filed on the 13F, all lines: $563.0M.
Portfolio Sells Q4 2023 → Q1 2024
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | Sold out | 0.00% | −7.18 |
| BGC BGC Group Inc. Class A | Reduce -71.7% | 1.05% | −3.72 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −3.04 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −2.90 |
| NOVA LTD (NVMI 0 10/15/25) | Sold out | 0.00% | −2.78 |
| K Kellanova | Sold out | 0.00% | −2.43 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -65.0% | 0.73% | −2.32 |
| NFLX Netflix Inc. | Sold out | 0.00% | −1.69 |
| OSG Octave Specialty Group Inc. | Reduce -20.0% | 1.92% | −1.58 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −1.41 |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | Sold out | 0.00% | −1.19 |
| CELH Celsius Holdings Inc. | Reduce -60.4% | 0.75% | −0.98 |
| LCAA L Catterton Asia Acq Class A | Sold out | 0.00% | −0.95 |
| LGF.B Lions Gate Entertainment-B | Sold out | 0.00% | −0.91 |
| GHIX Gores Holding Ix Inc. Class A | Sold out | 0.00% | −0.59 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.53 |
| JWSMF Jaws Mustang Acquisition C-A | Reduce -50.0% | 0.30% | −0.52 |
| BLEUACACIA LTD | Sold out | 0.00% | −0.41 |
| SLGC Somalogic Inc. | Sold out | 0.00% | −0.34 |
| SLAMF Slam Corp. Class A | Sold out | 0.00% | −0.34 |
| LLYVA Liberty Media Corp.-Liberty-A | Sold out | 0.00% | −0.24 |
| CHEF The Chefs' Warehouse Inc. | Reduce -45.5% | 0.14% | −0.14 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.14 |
| KLG WK Kellogg Co. | Sold out | 0.00% | −0.11 |
| GHIXU Gores Holding Ix Inc. | Sold out | 0.00% | −0.03 |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | Sold out | 0.00% | −0.00 |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | Sold out | 0.00% | −0.00 |
| ZSCALER INC. (ZS 0.125 07/01/25) | Reduce -4.4% | 0.00% | −0.00 |
| BOX INC (BOX 0 01/15/26) | Sold out | 0.00% | −0.00 |
| MIDDLEBY CORP (MIDD 1 09/01/25) | Sold out | 0.00% | −0.00 |
| GCTS.WS Concord Acquisition Corp. III | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| PXD Pioneer Natural Resources Co. | Add +137.3% | 14.02% | +6.97 |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | New | 3.77% | +3.77 |
| HES Hess Corp. | Add +144.9% | 6.57% | +3.02 |
| X United States Steel Corp. | Add +219.5% | 5.25% | +2.55 |
| FRESHPET INC (FRPT 3 04/01/28) | New | 2.47% | +2.47 |
| APA Apa Corp. | New | 2.12% | +2.12 |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | New | 1.87% | +1.87 |
| ANSS Ansys Inc. | New | 1.75% | +1.75 |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | New | 1.70% | +1.70 |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | New | 1.40% | +1.40 |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | New | 1.39% | +1.39 |
| ELF Elf Beauty Inc. | New | 1.30% | +1.30 |
| ANSC Agriculture & Natural Soluti | New | 1.29% | +1.29 |
| DPZ Domino's Pizza Inc. | New | 1.28% | +1.28 |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | New | 1.26% | +1.26 |
| AS Amer Sports Inc. | New | 1.23% | +1.23 |
| UBER Uber Technologies Inc. | New | 1.14% | +1.14 |
| DFS Discover Financial Services | New | 1.10% | +1.10 |
| PINS Pinterest Inc. Class A | New | 1.09% | +1.09 |
| ATMU Atmus Filtration Technologie | New | 0.93% | +0.93 |
| ADBE Adobe Inc. | New | 0.89% | +0.89 |
| M Macy's Inc. | New | 0.76% | +0.76 |
| LBRDK Liberty Broadband-C | Add +204.0% | 1.93% | +0.68 |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | New | 0.55% | +0.55 |
| CAVA Cava Group Inc. | New | 0.41% | +0.41 |
| LSXMK Liberty Media Corp.-Liber-New | Add +39.3% | 9.16% | +0.38 |
| CTLT Catalent Inc. | New | 0.08% | +0.08 |
| ARMK Aramark | Add +22.5% | 2.30% | +0.07 |
| ATSG Air Transport Services Group | New | 0.05% | +0.05 |
| EAGLE BULK SHIPPING INC | Add +38.8% | 0.31% | +0.04 |
| MDB Mongodb Inc. | New | 0.04% | +0.04 |
| CRH CRH PLC | New | 0.03% | +0.03 |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | New | 0.00% | +0.00 |
| STRIDE INC (LRN 1.125 09/01/27) | New | 0.00% | +0.00 |
| ALLGF Allego NV | New | 0.00% | +0.00 |
| NUTANIX INC (NTNX 0.25 10/01/27) | New | 0.00% | +0.00 |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | New | 0.00% | +0.00 |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | New | 0.00% | +0.00 |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | New | 0.00% | +0.00 |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | New | 0.00% | +0.00 |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | Add +26.9% | 0.01% | −0.00 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | Add +9.3% | 0.00% | −0.00 |
| MDU Mdu Resources Group Inc. | Add +7.0% | 1.03% | −0.03 |
| WRK Westrock Co. | Add +16.3% | 3.63% | −0.04 |
| VSTS Vestis Corp. | Add +19.1% | 1.01% | −0.27 |
| VRE Veris Residential Inc. | Add +7.0% | 0.83% | −0.28 |
| VLTO Veralto Corp. | Add +7.0% | 1.72% | −0.33 |
| CPRI Capri Holdings Ltd. | Add +20.0% | 3.10% | −0.82 |
| LSXMA Liberty Media Corp. Class A New | Add +3.5% | 4.34% | −1.26 |
Options Activity Q4 2023 → Q1 2024
| VOLATILITY SHS TR | put | Add +102.2% | 12,706 | $1.4M |
| VOLATILITY SHS TR | call | Sold out | 7,350 | $385Kbefore exit |
| INTERPUBLIC GROUP COS INC | call | Sold out | 3,139 | $322Kbefore exit |
| ATMUS FILTRATION TECHNOLOGIE | put | New | 2,092 | $249K |
| MACYS INC | call | New | 1,040 | $180K |
| NETFLIX INC. | call | Sold out | 158 | $121Kbefore exit |
| CLARIVATE PLC | call | Sold out | 5,728 | $0before 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 2023 → Q1 2024
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | Reduce -52.0% | 30,000 | $99K |
| LCAAW L Catterton Asia Acq-CW | *W EXP 03/08/202 | Sold out | 116,666 | $80Kbefore exit |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | New | 350,000 | $56K |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | New | 91,666 | $45K |
| GHIXW Gores Holding Ix -CW24 | *W EXP 01/14/202 | Add +5.7% | 78,715 | $21K |
| GTACW Global Technology Acq -CW23 | *W EXP 99/99/999 | New | 112,500 | $3K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 69 | $420.1M | WBD, EA, EQUINOX GOLD CORP (EQXCN 4.75 10/15/28), NSC, GUARDANT HEALTH INC (GH 1.25 02/15/31) |
| Q4 2025 | 77 | $660.5M | SNOWFLAKE INC (SNOW 0 10/01/29), BX, AAPL, BOX INC (BOX 0 01/15/26), NSC |
| Q3 2025 | 64 | $456.4M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), STRATEGY INC (MSTR 0.625 09/15/28), WESTERN DIGITAL CORP (WDC 3 11/15/28), BOX INC (BOX 0 01/15/26), BURLINGTON STORES INC (BURL 1.25 12/15/27) |
| Q2 2025Amended | 48 | $381.3M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), BOX INC (BOX 0 01/15/26), HES, LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29), INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) |
| Q1 2025 | 44 | $314.7M | HES, AXON ENTERPRISE INC (AXON 0.5 12/15/27), ANSS, BURLINGTON STORES INC (BURL 1.25 12/15/27), BOX INC (BOX 0 01/15/26) |
| Q4 2024 | 78 | $755.7M | MSFT, AAPL, NVDA, GOOGL, LLY |
| Q3 2024 | 68 | $621.1M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), HES, CNX RESOURCES CORP (CNX 2.25 05/01/26), COST, INTERDIGITAL INC (IDCC 3.5 06/01/27) |
| Q2 2024 | 57 | $316.9M | HES, X, ANSS, CTLT, LSXMK |
| Q1 2024 | 62 | $549.7M | PXD, LSXMK, HES, ALTAIR ENGINEERING INC (ALTR 0.25 06/01/24), X |