Context Capital Management, LLC

Name: Context Capital Management, LLC 13F holdings, Q2 2024
Creator: Context Capital Management, LLC
Published: 2024-08-09

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

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Context Capital Management, LLC reported 4 stock positions worth $15.8 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 87.0% of the portfolio, followed by Ib Acquisition (IBAC, 12.6%) and Burtech Acquisition (0.3%). Compared with Q1 2024, it sold out of 4 and reduced 2. The biggest sale was an exit from Legato Merger Corp. III (LEGT.U).

Most Recent 13F: Q2 2026
Location: LAJOLLA, CA
CIK: 0001301396
Portfolio Value: $15.8M (Q2 2024)
SEC Filing: 0001301396-24-000007 ↗ filed Aug 9, 2024

Holdings Value

Holdings 4 stocks · $15.8M


IBIT iShares Bitcoin Trust ETF	87.01%	403,000	$13.8M	Reduce -9.0%
IBAC Ib Acquisition Corp.	12.61%	200,000	$2.0M	No change
BURTECH ACQUISITION CORP	0.30%	191,171	$48K	Reduce -51.5%
NORTHVIEW ACQUISITION CORP	0.08%	222,500	$12K	No change

Other holdings (218): bonds, preferreds, convertibles and warrants · $935.7M (not counted above)

Security	Class	Shares / Principal	Value	Change
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	68,445	$61.8M	Add +1.5%
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	45,402	$54.5M	Reduce -15.0%
WAYFAIR INC (W 0.625 10/01/25)	NOTE 0.625%10/0 · principal	54,438	$50.8M	Add +21.6%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	60,464	$50.5M	Add +16.1%
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	48,500	$46.3M	New
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	55,752	$44.4M	Add +5.2%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	45,400	$41.1M	New
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	48,339	$38.5M	Add +33.2%
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	43,988	$35.2M	Add +60.0%
SEMTECH CORP (SMTC 1.625 11/01/27)	NOTE 1.625%11/0 · principal	29,062	$30.7M	Add +25.2%
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	36,111	$30.0M	Add +131.3%
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	29,586	$29.9M	Add +9.2%
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	28,975	$28.2M	Add +30.0%
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	27,350	$22.2M	Add +8.6%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	18,500	$20.0M	New
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	19,500	$19.5M	New
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	18,465	$17.7M	No change
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25)	NOTE 7.500% 8/0 · principal	17,340	$17.4M	Add +65.1%
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	15,371	$15.9M	Add +3.4%
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	28,250	$15.7M	Add +41.3%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	17,515	$15.3M	New
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	16,805	$14.6M	Reduce -4.0%
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27)	NOTE 6.750% 7/1 · principal	14,042	$14.4M	No change
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	17,000	$14.2M	Add +30.8%
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	14,690	$13.1M	Add +25.7%
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	12,558	$12.5M	Add +18.9%
GREEN PLAINS INC (GPRE 2.25 03/15/27)	NOTE 2.250% 3/1 · principal	13,000	$11.6M	New
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	14,000	$11.5M	New
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	10,000	$11.1M	No change
PETIQ INC (PETQ 4 06/01/26)	NOTE 4.000% 6/0 · principal	9,483	$10.1M	Add +23.9%
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	11,648	$10.1M	Reduce -7.9%
BLOCK INC (XYZ 0 05/01/26)	NOTE 5/0 · principal	11,185	$10.1M	Add +80.8%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	6,000	$8.6M	Add +100.0%
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	8,000	$7.7M	New
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	9,310	$7.7M	Reduce -9.7%
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	7,500	$6.9M	Reduce -34.8%
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	6,500	$6.5M	Add +333.3%
BILL HOLDINGS INC (BILL 0 04/01/27)	NOTE 4/0 · principal	7,000	$6.0M	New
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	7,138	$5.9M	Reduce -51.2%
MIDDLEBY CORP (MIDD 1 09/01/25)	NOTE 1.000% 9/0 · principal	5,500	$5.9M	New
CABLE ONE INC (CABO 1.125 03/15/28)	NOTE 1.125% 3/1 · principal	7,000	$5.2M	New
PENNYMAC CORP (PMT 5.5 03/15/26)	NOTE 5.500% 3/1 · principal	5,136	$4.9M	Reduce -36.9%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	5,265	$4.8M	Reduce -4.3%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	5,500	$4.7M	Reduce -47.6%
BENTLEY SYSTEMS (BSY 0.375 07/01/27)	NOTE 0.375% 7/0 · principal	5,000	$4.5M	No change
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	4,965	$4.1M	Reduce -52.6%
LCI INDUSTRIES (LCII 1.125 05/15/26)	NOTE 1.125% 5/1 · principal	4,000	$3.8M	No change
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	4,000	$3.6M	New
JBT MAREL CORP (JBTM 0.25 05/15/26)	NOTE 0.250% 5/1 · principal	3,500	$3.2M	No change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	2,500	$2.8M	No change
EZCORP INC (EZPW 2.375 05/01/25)	NOTE 2.375% 5/0 · principal	2,834	$2.8M	Add +13.4%
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28)	NOTE 0.250% 2/1 · principal	4,000	$2.4M	Add +700.0%
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27)	NOTE 2.500% 7/1 · principal	2,000	$2.0M	New
RAPID7 INC (RPD 0.25 03/15/27)	NOTE 0.250% 3/1 · principal	2,000	$1.8M	Reduce -69.2%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	1,500	$1.5M	No change
CABLE ONE INC (CABO 0 03/15/26)	NOTE 3/1 · principal	1,500	$1.3M	New
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	1,400	$1.3M	No change
DEXCOM INC (DXCM 0.25 11/15/25)	NOTE 0.250%11/1 · principal	1,250	$1.3M	No change
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	1,050	$1.2M	Reduce -91.1%
SPIRIT AIRLINES INC (SAVE 1 05/15/26)	NOTE 1.000% 5/1 · principal	1,561	$774K	Reduce -68.8%
TWO HARBORS INV CORP (TWO 6.25 01/15/26)	NOTE 6.250% 1/1 · principal	486	$467K	No change
NEXTERA ENERGY INC (NEE 7.299 06/01/27)	UNIT 06/01/2027 · principal	500,000	$247K	New
GCMGW GCM Grosvenor Inc. A -CW25	*W EXP 11/17/202	314,174	$154K	No change
MCACR Monterey Capital Acquisit-RT	RIGHT 05/10/2027	538,120	$97K	Reduce -30.8%
BEYOND MEAT INC (BYND 0 03/15/27)	NOTE 3/1 · principal	36,730	$78K	Add +27.9%
SKINHEALTH SYSTEMS INC (SKIN 1.25 10/01/26)	CONV · principal	83,320	$70K	Reduce -18.8%
3D SYSTEMS CORP (DDD 0 11/15/26)	NOTE 11/1 · principal	80,137	$65K	Add +9.8%
CUTERA INC (CUTR 2.25 06/01/28)	NOTE 2.250% 6/0 · principal	30,064	$61K	Add +30.4%
BTMWQ Bitcoin Depot Inc.-CW23	*W EXP 06/30/202	1,127,098	$53K	No change
XPLR INFRASTRUCTURE LP (XIFR 0 11/15/25)	0 15/11/2025 · principal	54,255	$49K	New
ESPERION THERAPEUTICS (ESPR 4 11/15/25)	NOTE 4.000%11/1 · principal	51,254	$48K	Add +33.5%
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26)	NOTE 0.750% 8/0 · principal	48,357	$47K	Add +10.3%
XOMETRY INC (XMTR 1 02/01/27)	NOTE 1.000% 2/0 · principal	56,697	$43K	Add +27.8%
GROUPON INC (GRPN 1.125 03/15/26)	NOTE 1.125% 3/1 · principal	49,525	$42K	Add +7.6%
RIVIAN AUTOMOTIVE INC	NOTE 3.625% 10/15/30 · principal	46,474	$40K	New
MARA HOLDINGS INC (MARA 1 12/01/26)	NOTE 1.000%12/0 · principal	46,098	$40K	Add +7.8%
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29)	NOTE 2.250% 3/0 · principal	60,742	$40K	Reduce -0.5%
OPENDOOR TECHNOLOGIES IN	0.250 08/15/26 CVT · principal	48,415	$39K	New
SOFI TECHNOLOGIES INC (SOFI 1.25 03/15/29)	NOTE 1.250% 3/1 · principal	41,750	$39K	Add +54.6%
REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27)	NOTE 1.750% 2/1 · principal	55,242	$37K	Add +24.9%
PORCH GROUP INC	NOTE/6 750% 10/1 · principal	62,027	$36K	Add +9.7%
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26)	NOTE 1.500% 9/1 · principal	37,591	$36K	Add +68.5%
Peloton Interactive Inc	Note 5.500 12/01 · principal	35,300	$36K	New
PELOTON INTERACTIVE INC (PTON 0 02/15/26)	NOTE 2/1 · principal	40,118	$36K	Reduce -56.9%
SSR MINING INC (SSRMCN 2.5 04/01/39)	NOTE 2.500% 4/0 · principal	36,846	$33K	Add +28.9%
ROCKETLAB USA INC	NOTE 4.25% 2/01/29 · principal	28,486	$33K	New
GCTS.WS Concord Acq Class A -CW28	*W EXP 03/01/202	222,160	$33K	No change
RFACR RF Acquisition Corp.- Rights	RIGHT 05/01/2028	325,000	$32K	No change
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	35,900	$32K	Add +36.0%
BNIXR Bannix Acquisition Corp.-RTS	RIGHT 07/31/2026	210,385	$31K	No change
SBCWW Pono Capital Two Inc. -27	*W EXP 09/17/202	425,000	$30K	No change
PLUG POWER INC	NOTE 7% 6/01/26 · principal	32,807	$30K	New
CORE SCIENTIFIC INC (CORZ 12 01/23/29)	NOTE 10.000% 1/2 · principal	18,383	$29K	New
MITEK SYSTEMS INC (MITK 0.75 02/01/26)	NOTE 0.750% 2/0 · principal	29,750	$28K	Add +35.2%
SEA LTD (SEALTD 0.25 09/15/26)	NOTE 0.250% 9/1 · principal	32,270	$28K	Reduce -27.9%
ATEKW Athena Technology Acq -CW23	*W EXP 10/17/202	775,000	$27K	No change
SOFI TECHNOLOGIES INC (SOFI 0 10/15/26)	CONV · principal	30,500	$27K	Reduce -1.3%
MCACW Monterey Capital Acqui -CW27	*W EXP 01/01/202	792,000	$26K	No change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29)	NOTE 4.000% 5/0 · principal	19,308	$26K	New
COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26)	NOTE 1.500% 4/1 · principal	34,812	$26K	Reduce -7.9%
AAOI 5 1/4 12/15/26	FIXED INCOME · principal	29,666	$26K	New
WISDOMTREE INC (WT 5.75 08/15/28)	NOTE 5.750% 8/1 · principal	20,573	$25K	No change
ACCOLADE INC (ACCD 0.5 04/01/26)	NOTE 0.500% 4/0 · principal	27,991	$25K	Add +347.9%
ARTIVION INC (AORT 4.25 07/01/25)	NOTE 4.250% 7/0 · principal	19,900	$24K	No change
GBBKR Global Blockchain Acq - RTS	RIGHT 05/09/2027	400,000	$24K	No change
VGASW Cenaq Energy Corp. Class A -CW27	*W EXP 02/15/202	132,844	$24K	No change
LLAPW Terran Orbital Corp. -CW28	*W EXP 03/25/202	195,399	$23K	No change
CUTERA INC (CUTR 4 06/01/29)	NOTE 4.000% 6/0 · principal	13,235	$23K	No change
OPKO HEALTH INC	NOTE 3.75% 1/15/29 · principal	19,750	$23K	New
Indie Semiconductor Inc	NOTE 4.500 11/15/27 · principal	22,554	$23K	New
PEGASYSTEMS INC (PEGA 0.75 03/01/25)	NOTE 0.750% 3/0 · principal	21,929	$21K	No change
EONR.WS HNR Acquisition Corp. -CW23	*W EXP 11/15/202	349,249	$21K	No change
LUMINAR TECHNOLOGIES INC (LAZR 1.25 12/15/26)	NOTE 1.25%12/1 · principal	52,999	$21K	New
NOVAVAX INC (NVAX 5 12/15/27)	NOTE 5.000%12/1 · principal	16,188	$20K	Add +304.7%
CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28)	NOTE 2.750% 5/0 · principal	18,092	$20K	Reduce -7.0%
AVID BIOSERVICES INC	NOTE 7% 3/1/29 · principal	18,176	$20K	New
INFINERA CORP (INFN 3.75 08/01/28)	NOTE 3.750% 8/0 · principal	18,000	$20K	New
HEALTH CATALYST INC (HCAT 2.5 04/15/25)	NOTE 2.500% 4/1 · principal	20,086	$20K	Reduce -0.4%
IGTAR Inception Growth Acq Ltd. -RT	RIGHT 12/08/2026	124,880	$19K	Reduce -50.0%
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27)	NOTE 1.500%10/1 · principal	19,512	$18K	Add +4.0%
MP MATERIALS CORP	0.250 04/01/26 CVT · principal	20,403	$18K	New
SLND.WS Legato Merger Corp. II -CW23	*W EXP 02/14/202	51,732	$18K	No change
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	18,593	$17K	Reduce -15.5%
LUCID GROUP INC (LCID 1.25 12/15/26)	1.250 12/15/26 CVT · principal	31,660	$17K	Reduce -5.2%
XPLR INFRASTRUCTURE LP	2.500 06/15/26 CVT · principal	18,002	$16K	New
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29)	NOTE 2.875% 2/1 · principal	14,607	$16K	Add +7.3%
PLUG POWER INC (PLUG 3.75 06/01/25)	NOTE 3.750% 6/0 · principal	17,095	$16K	Reduce -3.9%
BAERW Wildfire New Pubco Inc.-27	*W EXP 01/24/202	121,167	$16K	No change
ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27)	NOTE 6.500% 9/0 · principal	17,500	$16K	Add +9.4%
MESA LABORATORIES INC (MLAB 1.375 08/15/25)	NOTE 1.375% 8/1 · principal	16,047	$15K	Add +52.1%
IBACR Ib Acquisition Corp.-RTS	RIGHT 09/28/2026	200,000	$15K	No change
CARDLYTICS INC (CDLX 1 09/15/25)	NOTE 1.000% 9/1 · principal	16,120	$15K	Add +76.8%
FORTUNA MINING CORP	NOTE 3.75% 6/30/29 · principal	14,250	$15K	New
XBPEW CF Acquisition Viii A -CW27	*W EXP 11/30/202	357,933	$15K	Reduce -5.2%
VIRGIN GALATIC HOLDINGS	2.500 02/01/27 CVT · principal	42,508	$14K	Add +23.3%
ECD AUTOMOTIVE DESIGN INC	*W EXP 12/12/202	540,000	$13K	No change
MANNKIND CORP (MNKD 2.5 03/01/26)	NOTE 2.500% 3/0 · principal	11,060	$13K	Reduce -39.9%
BANDWIDTH INC (BAND 0.25 03/01/26)	NOTE 0.250% 3/0 · principal	14,580	$13K	Reduce -56.3%
REDWOOD TRUST INC (RWT 7.75 06/15/27)	NOTE 7.750% 6/1 · principal	13,351	$13K	Reduce -11.9%
GRDIW Griid Infrastructure Inc.-28	*W EXP 12/29/202	202,416	$13K	No change
SHCRW Sharecare Inc. -CW27	*W EXP 07/01/202	159,334	$13K	No change
INNOVIVA INC (INVA 2.125 03/15/28)	NOTE 2.125% 3/1 · principal	14,051	$13K	Add +114.5%
STEM INC	NOTE 0.5% 12/01/28 · principal	33,491	$12K	Add +74.8%
NEVRO CORP (NVRO 2.75 04/01/25)	NOTE 2.750% 4/0 · principal	12,702	$12K	Add +18.7%
PURECYCLE TECHNOLOGIES	NOTE 7.25% 8/15/30 · principal	20,250	$12K	New
PPYAW Papaya Growth Opportuni-CW23	*W EXP 12/31/202	250,000	$12K	No change
TILRAY BRANDS INC (TLRY 5.2 06/15/27)	NOTE 5.200% 6/1 · principal	12,300	$12K	No change
FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27)	NOTE 0.375% 1/1 · principal	13,875	$12K	New
BLACKLINE INC (BL 0 03/15/26)	NOTE 3/1 · principal	11,722	$11K	Add +248.7%
FLDDW Fold Holdings Inc. -23	*W EXP 02/14/203	238,100	$11K	No change
GOSSAMER BIO INC (GOSS 5 06/01/27)	NOTE 5.000% 6/0 · principal	21,850	$11K	No change
CHEFS' WAREHOUSE THE (CHEF 1.875 12/01/24)	NOTE 1.875%12/0 · principal	9,604	$10K	Add +14.4%
NNAGR 99 Acquisition Group -RTS	RIGHT 08/25/2028	36,886	$10K	Reduce -1.6%
OMEROS CORP (OMER 5.25 02/15/26)	NOTE 5.250% 2/1 · principal	13,884	$10K	Reduce -15.3%
BANDWIDTH INC (BAND 0.5 04/01/28)	NOTE 0.500% 4/0 · principal	12,072	$9K	New
OPTXW Omnilit Acquisition Class A -23	*W EXP 99/99/999	53,527	$8K	Reduce -75.8%
NIO INC (NIO 0.5 02/01/27)	NOTE 0.500% 2/0 · principal	8,767	$8K	Reduce -5.4%
VSACW Vision Sensing Acq -CW23	*W EXP 99/99/999	243,675	$8K	No change
IGTAW Inception Growth Acq -23	*W EXP 10/15/202	124,400	$8K	Reduce -0.5%
INFINERA CORP (INFN 2.5 03/01/27)	NOTE 2.500% 3/0 · principal	7,500	$8K	Add +36.4%
CERENCE INC	NOTE 1.5%7/1/2 · principal	13,400	$7K	New
PROS HOLDINGS INC (PRO 2.25 09/15/27)	NOTE 2.250% 9/1 · principal	7,250	$7K	No change
GBBKW Global Blockchain Acq-CW27	*W EXP 05/09/202	400,000	$7K	No change
RFACW RF Acquisition Corp.-CW27	*W EXP 05/01/202	250,000	$7K	No change
RWT HOLDINGS INC (RWT 5.75 10/01/25)	NOTE 5.750%10/0 · principal	6,860	$7K	No change
BNIXW Bannix Acquisition Corp.-CW23	*W EXP 07/31/202	320,484	$6K	No change
JETAI INC	*W EXP 08/10/202	93,670	$6K	No change
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	7,483	$6K	Reduce -0.2%
ACACW Acri Capital Acq -CW27	*W EXP 02/01/202	100,000	$6K	No change
OCAXW Oca Acq Corp. Class A -CW27	*W EXP 01/14/202	49,985	$6K	No change
ZYNEX INC (ZYXI 5 05/15/26)	NOTE 5.000% 5/1 · principal	5,500	$6K	New
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	7,000	$6K	Add +100.0%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28)	NOTE 1.750% 6/1 · principal	5,000	$6K	New
BITE.WS Bite Acquisition Corp. -CW27	*W EXP 02/12/203	100,000	$6K	No change
EVENTBRITE INC (EB 5 12/01/25)	NOTE 5.000%12/0 · principal	5,460	$5K	Add +67.5%
ZPTAW Zapata Computing Hol- CW23	*W EXP 02/14/202	143,115	$5K	New
EVCOW Everest Consolidator Acquisi	*W EXP 99/99/999	25,297	$5K	No change
BRLSW Oxus Acquisition Corp. -CW23	*W EXP 02/07/202	75,340	$5K	Reduce -30.2%
CNGLW Canna-Global Acquisit -CW23	*W EXP 99/99/999	499,500	$5K	No change
FIRSTENERGY CORP (FE 4 05/01/26)	NOTE 4.000% 5/0 · principal	4,500	$4K	New
SPECW Perception Capital II -CW28	*W EXP 10/17/202	118,203	$4K	No change
FIACW Focus Impact Acquisit -CW23	*W EXP 99/99/999	100,050	$4K	No change
COMMERCE.COM INC (CMRC 0.25 10/01/26)	NOTE 0.250%10/0 · principal	4,640	$4K	No change
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28)	NOTE 5.500% 2/0 · principal	4,500	$4K	Add +28.6%
ZCARW Zoomcar Holdings Inc.	*W EXP 05/31/202	274,598	$4K	No change
FTIIW Futuretech II Acq -CW27	*W EXP 08/18/202	150,000	$4K	No change
VERITONE INC (VERI 1.75 11/15/26)	NOTE 1.750%11/1 · principal	10,250	$4K	No change
ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29)	NOTE 4.000% 3/1 · principal	3,750	$3K	Reduce -34.8%
WAYFAIR INC (W 3.5 11/15/28)	NOTE 3.500%11/1 · principal	2,500	$3K	New
LDTDF Prospector Leddartech Alm-28	*W EXP 12/21/202	127,872	$3K	No change
8X8 INC (EGHT 4 02/01/28)	NOTE 4.000% 2/0 · principal	4,500	$3K	Add +28.6%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29)	NOTE 1.500%12/1 · principal	3,500	$3K	New
PAR TECHNOLOGY CORP (PAR 2.875 04/15/26)	NOTE 2.875% 4/1 · principal	2,500	$3K	No change
CDIOW Cardio Diagnostics-CW26	*W EXP 10/25/202	81,500	$3K	No change
BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	2,300	$3K	New
EVENTBRITE INC (EB 0.75 09/15/26)	NOTE 0.750% 9/1 · principal	3,258	$3K	Reduce -55.3%
CELULARITY INC	*W EXP 07/16/202	150,000	$3K	No change
PBMWW Psyence Biomedical Ltd.	*W EXP 01/22/202	234,200	$2K	No change
CEROW Phoenix Biotech Acq -CW26	*W EXP 02/13/202	122,013	$2K	No change
AUROW Aurora Innovation Inc. -CW28	*W EXP 11/03/202	11,228	$2K	No change

Largest 200 of 218 shown.

Total filed on the 13F, all lines: $951.5M.

Portfolio Sells Q1 2024 → Q2 2024


LEGT.U Legato Merger Corp. III	Sold out	0.00%	−4.80
ANDRETTI ACQUISITION CORP	Sold out	0.00%	−0.28
ECD AUTOMOTIVE DESIGN INC	Sold out	0.00%	−0.19
BURTECH ACQUISITION CORP	Reduce -51.5%	0.30%	−0.03
FASWF Stonebridge Acquisition Corp.	Sold out	0.00%	−0.01
IBIT iShares Bitcoin Trust ETF	Reduce -9.0%	87.01%	+2.13

Portfolio Buys Q1 2024 → Q2 2024


None this quarter.

Notes & Other Activity Q1 2024 → Q2 2024


WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	Add +1.5%	68,445	$61.8M
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	Reduce -15.0%	45,402	$54.5M
WAYFAIR INC (W 0.625 10/01/25)	NOTE 0.625%10/0 · principal	Add +21.6%	54,438	$50.8M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	Add +16.1%	60,464	$50.5M
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	New	48,500	$46.3M
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	Add +5.2%	55,752	$44.4M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	New	45,400	$41.1M
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	Add +33.2%	48,339	$38.5M
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	Add +60.0%	43,988	$35.2M
MICROSTRATEGY INC (MSTR 0.75 12/15/25)	NOTE 0.750%12/1 · principal	Sold out	7,737	$33.2Mbefore exit
SEMTECH CORP (SMTC 1.625 11/01/27)	NOTE 1.625%11/0 · principal	Add +25.2%	29,062	$30.7M
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	Add +131.3%	36,111	$30.0M
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	Add +9.2%	29,586	$29.9M
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	Add +30.0%	28,975	$28.2M
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	Add +8.6%	27,350	$22.2M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	New	18,500	$20.0M
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	New	19,500	$19.5M
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25)	NOTE 7.500% 8/0 · principal	Add +65.1%	17,340	$17.4M
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	Add +3.4%	15,371	$15.9M
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	Add +41.3%	28,250	$15.7M
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	New	17,515	$15.3M
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	Sold out	13,928	$14.9Mbefore exit
SOUTHERN CO (SO 3.875 12/15/25)	NOTE 3.875%12/1 · principal	Sold out	14,758	$14.7Mbefore exit
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	Reduce -4.0%	16,805	$14.6M
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	Add +30.8%	17,000	$14.2M
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	Add +25.7%	14,690	$13.1M
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	Add +18.9%	12,558	$12.5M
GREEN PLAINS INC (GPRE 2.25 03/15/27)	NOTE 2.250% 3/1 · principal	New	13,000	$11.6M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	New	14,000	$11.5M
PETIQ INC (PETQ 4 06/01/26)	NOTE 4.000% 6/0 · principal	Add +23.9%	9,483	$10.1M
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	Reduce -7.9%	11,648	$10.1M
BLOCK INC (XYZ 0 05/01/26)	NOTE 5/0 · principal	Add +80.8%	11,185	$10.1M
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	Add +100.0%	6,000	$8.6M
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	New	8,000	$7.7M
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	Reduce -9.7%	9,310	$7.7M
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	Reduce -34.8%	7,500	$6.9M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	Sold out	5,611	$6.6Mbefore exit
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	Sold out	110,095	$6.5Mbefore exit
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	Add +333.3%	6,500	$6.5M
PERFICIENT INC (PRFT 0.125 11/15/26)	NOTE 0.125%11/1 · principal	Sold out	6,895	$6.0Mbefore exit
BILL HOLDINGS INC (BILL 0 04/01/27)	NOTE 4/0 · principal	New	7,000	$6.0M
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	Reduce -51.2%	7,138	$5.9M
MIDDLEBY CORP (MIDD 1 09/01/25)	NOTE 1.000% 9/0 · principal	New	5,500	$5.9M
HAEMONETICS CORP (HAE 0 03/01/26)	NOTE 3/0 · principal	Sold out	6,058	$5.6Mbefore exit
CABLE ONE INC (CABO 1.125 03/15/28)	NOTE 1.125% 3/1 · principal	New	7,000	$5.2M
PENNYMAC CORP (PMT 5.5 03/15/26)	NOTE 5.500% 3/1 · principal	Reduce -36.9%	5,136	$4.9M
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	Reduce -4.3%	5,265	$4.8M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	Reduce -47.6%	5,500	$4.7M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Reduce -52.6%	4,965	$4.1M
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	New	4,000	$3.6M

Showing the first 50 of 238.

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	150	$484.2M	GSRVU, SPCE, LGND, WLCOU, MBVI
Q1 2026	132	$367.6M	MBVI, HACQU, DMII, HCAC, PLMK
Q4 2025	108	$300.2M	MBVI, DMII, PLMK, GFUZ, HCACU
Q3 2025	78	$481.8M	ECHOSTAR CORP (ECHO 3.875 11/30/30), IBIT, MBVIU, DMIIU, PLMK
Q2 2025	52	$127.8M	IBIT, PLMK, SZZL, SOUL.U, RDAG
Q1 2025	20	$74.6M	FACT, IBIT, PLMK, GSRT, FTW
Q4 2024	16	$68.3M	IBIT, FACT, GSRTU, FTW, SBXUF
Q3 2024	11	$32.8M	IBIT, FTW.U, SBXUF, SIMA, HONDU
Q2 2024	4	$15.8M	IBIT, IBAC, BURTECH ACQUISITION CORP, NORTHVIEW ACQUISITION CORP
Q1 2024	8	$21.1M	IBIT, IBACU, LEGT.U, BURTECH ACQUISITION CORP, ANDRETTI ACQUISITION CORP