Context Capital Management, LLC

Name: Context Capital Management, LLC 13F holdings, Q3 2024
Creator: Context Capital Management, LLC
Published: 2024-11-14

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

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Context Capital Management, LLC reported 11 stock positions worth $32.8 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 34.5% of the portfolio, followed by Eqv Ventures Acquisition Cor (FTW.U, 15.1%) and Silverbox Corp. IV (SBXUF, 14.2%). Compared with Q2 2024, it opened 7 new positions, sold out of 1 and reduced 2. The biggest buy was a new position in Eqv Ventures Acquisition Cor (FTW.U) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −22%).

Most Recent 13F: Q2 2026
Location: LAJOLLA, CA
CIK: 0001301396
Portfolio Value: $32.8M (Q3 2024)
SEC Filing: 0001301396-24-000010 ↗ filed Nov 14, 2024

Holdings Value

Holdings 11 stocks · $32.8M


IBIT iShares Bitcoin Trust ETF	34.49%	313,000	$11.3M	Reduce -22.3%
FTW.U Eqv Ventures Acquisition Cor	15.14%	500,000	$5.0M	New
SBXUF Silverbox Corp. IV	14.21%	464,670	$4.7M	New
SIMA Sim Acquisition Corp. I-A	11.27%	370,000	$3.7M	New
HONDU HCM II Acquisition Corp.	10.68%	350,000	$3.5M	New
VACHU Voyager Acquisition Corp.	6.10%	200,000	$2.0M	New
ALFUU Centurion Acquisition Corp.	4.90%	159,764	$1.6M	New
CEP Cantor Equity Partners Inc.	3.06%	100,000	$1.0M	New
BURTECH ACQUISITION CORP	0.11%	175,668	$35K	Reduce -8.1%
NORTHVIEW ACQUISITION CORP	0.03%	222,500	$8K	No change
JETAI INC	0.01%	28,607	$3K	No change

Other holdings (273): bonds, preferreds, convertibles and warrants · $801.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	99,988	$80.3M	Add +127.3%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	62,500	$61.6M	Add +37.7%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	66,484	$59.2M	Add +10.0%
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	59,168	$51.4M	Add +63.9%
WAYFAIR INC (W 0.625 10/01/25)	NOTE 0.625%10/0 · principal	53,438	$51.0M	Reduce -1.8%
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	54,500	$50.2M	Add +12.4%
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	37,086	$37.5M	Add +25.4%
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	34,584	$25.8M	Add +26.4%
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25)	NOTE 7.500% 8/0 · principal	23,940	$24.4M	Add +38.1%
BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29)	NOTE 8.500% 8/1 · principal	18,270	$21.3M	New
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	19,515	$18.9M	Add +11.4%
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25)	NOTE 0.750% 8/0 · principal	18,750	$17.9M	New
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	19,475	$17.6M	Reduce -32.8%
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	18,788	$17.5M	Add +11.8%
GREEN PLAINS INC (GPRE 2.25 03/15/27)	NOTE 2.250% 3/1 · principal	20,150	$17.5M	Add +55.0%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	17,250	$16.2M	Add +23.2%
HP ENTERPRISE CO (HPE 7.625 09/01/27)	7.625 MAND CONV	250,000	$15.1M	New
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27)	NOTE 6.750% 7/1 · principal	14,042	$15.1M	No change
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	12,050	$14.5M	Add +1047.6%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	13,465	$14.3M	Reduce -27.1%
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	12,000	$12.8M	Reduce -38.5%
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	13,000	$12.8M	Add +62.5%
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	13,000	$11.2M	Reduce -23.5%
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	9,558	$10.4M	Reduce -23.9%
BLOCK INC (XYZ 0 05/01/26)	NOTE 5/0 · principal	10,445	$9.7M	Reduce -6.6%
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	9,371	$9.2M	Reduce -39.0%
SEA LTD (SEALTD 2.375 12/01/25)	NOTE 2.375%12/0 · principal	7,500	$9.0M	New
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	9,648	$8.7M	Reduce -17.2%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	7,000	$8.2M	Reduce -30.0%
FIRSTENERGY CORP (FE 4 05/01/26)	NOTE 4.000% 5/0 · principal	7,000	$7.4M	Add +55.6%
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29)	NOTE 2.000% 3/1 · principal	6,500	$6.9M	New
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	7,500	$6.7M	New
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	7,500	$6.1M	New
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	7,112	$6.1M	Reduce -0.4%
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	16,021	$6.0M	Reduce -43.3%
PENNYMAC CORP (PMT 5.5 03/15/26)	NOTE 5.500% 3/1 · principal	6,136	$6.0M	Add +19.5%
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29)	NOTE 3.875% 8/1 · principal	6,000	$5.7M	New
BENTLEY SYSTEMS (BSY 0.375 07/01/27)	NOTE 0.375% 7/0 · principal	5,000	$4.6M	No change
LCI INDUSTRIES (LCII 1.125 05/15/26)	NOTE 1.125% 5/1 · principal	4,000	$4.1M	No change
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	4,000	$3.7M	No change
NEXTERA ENERGY INC (NEE 7.299 06/01/27)	UNIT 06/01/2027	50,000	$2.8M	New
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	2,810	$2.4M	Reduce -69.8%
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27)	NOTE 2.500% 7/1 · principal	2,000	$2.1M	No change
RAPID7 INC (RPD 0.25 03/15/27)	NOTE 0.250% 3/1 · principal	2,000	$1.8M	No change
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28)	NOTE 0.250% 2/1 · principal	4,135	$1.6M	Add +3.4%
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	$1.2M	No change
TWO HARBORS INV CORP (TWO 6.25 01/15/26)	NOTE 6.250% 1/1 · principal	486	$475K	No change
SPIRIT AIRLINES INC (SAVE 1 05/15/26)	NOTE 1.000% 5/1 · principal	1,000	$312K	Reduce -35.9%
GCMGW GCM Grosvenor Inc. A -CW25	*W EXP 11/17/202	314,174	$276K	No change
VIRGIN GALATIC HOLDINGS	2.500 02/01/27 CVT · principal	56,236	$173K	Add +32.3%
ROCKETLAB USA INC	NOTE 4.25% 2/01/29 · principal	53,333	$112K	Add +87.2%
STEM INC	NOTE 0.5% 12/01/28 · principal	36,311	$103K	Add +8.4%
Peloton Interactive Inc	Note 5.500 12/01 · principal	68,920	$91K	Add +95.2%
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	57,902	$79K	Add +27.5%
3D SYSTEMS CORP (DDD 0 11/15/26)	NOTE 11/1 · principal	83,924	$71K	Add +4.7%
LVRWF Lavoro Ltd.-27	*W EXP 02/27/202	235,863	$71K	New
FISKER INC	NOTE 2.5% 9/15/26 · principal	13,000	$66K	New
BEYOND MEAT INC (BYND 0 03/15/27)	NOTE 3/1 · principal	38,730	$66K	Add +5.5%
SBCWW Pono Capital Two Inc. -27	*W EXP 09/17/202	425,000	$64K	No change
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	67,840	$63K	Reduce -0.9%
BTMWQ Bitcoin Depot Inc.-CW23	*W EXP 06/30/202	1,127,098	$56K	No change
XPLR INFRASTRUCTURE LP (XIFR 0 11/15/25)	0 15/11/2025 · principal	55,655	$52K	Add +2.6%
XOMETRY INC (XMTR 1 02/01/27)	NOTE 1.000% 2/0 · principal	61,535	$52K	Add +8.5%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	61,339	$52K	Add +26.9%
SKINHEALTH SYSTEMS INC (SKIN 1.25 10/01/26)	CONV · principal	60,824	$51K	Reduce -27.0%
GROUPON INC (GRPN 1.125 03/15/26)	NOTE 1.125% 3/1 · principal	56,108	$50K	Add +13.3%
CUTERA INC (CUTR 2.25 06/01/28)	NOTE 2.250% 6/0 · principal	31,314	$50K	Add +4.2%
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29)	NOTE 2.250% 3/0 · principal	56,817	$49K	Reduce -6.5%
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26)	NOTE 0.750% 8/0 · principal	50,862	$46K	Add +5.2%
ESPERION THERAPEUTICS (ESPR 4 11/15/25)	NOTE 4.000%11/1 · principal	47,879	$46K	Reduce -6.6%
PELOTON INTERACTIVE INC (PTON 0 02/15/26)	NOTE 2/1 · principal	50,117	$45K	Add +24.9%
OPENDOOR TECHNOLOGIES IN	0.250 08/15/26 CVT · principal	53,415	$45K	Add +10.3%
REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27)	NOTE 1.750% 2/1 · principal	52,500	$45K	Reduce -5.0%
RIVIAN AUTOMOTIVE INC	NOTE 3.625% 10/15/30 · principal	55,474	$44K	Add +19.4%
SOFI TECHNOLOGIES INC (SOFI 1.25 03/15/29)	NOTE 1.250% 3/1 · principal	40,750	$44K	Reduce -2.4%
PLUG POWER INC	NOTE 7% 6/01/26 · principal	46,557	$41K	Add +41.9%
MARA HOLDINGS INC (MARA 1 12/01/26)	NOTE 1.000%12/0 · principal	44,598	$40K	Reduce -3.3%
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26)	NOTE 1.500% 9/1 · principal	37,591	$39K	No change
RFACR RF Acquisition Corp.- Rights	RIGHT 05/01/2028	325,000	$39K	No change
SSR MINING INC (SSRMCN 2.5 04/01/39)	NOTE 2.500% 4/0 · principal	40,746	$38K	Add +10.6%
COMPOSECURE INC	NOTE 7% 12/15/26 · principal	27,000	$38K	New
PNM RESOURCES INC	NOTE 5.75% 5/01/54 · principal	33,250	$36K	New
ALSTF Alpha Star Acq Corp. - Rights	RIGHT 12/13/2026	335,596	$36K	New
PORCH GROUP INC	NOTE/6 750% 10/1 · principal	62,027	$35K	No change
MICROSTRATEGY INC	NOTE 0.625% 2/15/28 · principal	29,250	$35K	New
AAOI 5 1/4 12/15/26	FIXED INCOME · principal	30,666	$35K	Add +3.4%
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	38,558	$34K	Reduce -30.8%
SMNRW Denali Capital Acq-CW27	*W EXP 99/99/999	605,000	$33K	New
EMCRF Embrace Change Acq-Rights	RIGHT 10/25/2026	300,000	$33K	New
COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26)	NOTE 1.500% 4/1 · principal	41,602	$33K	Add +19.5%
FLDDW Fold Holdings Inc. -23	*W EXP 02/14/203	163,100	$33K	Reduce -31.5%
MICROSTRATEGY	0.875 15/03/2031 · principal	30,500	$32K	New
AVID BIOSERVICES INC	NOTE 7% 3/1/29 · principal	21,222	$31K	Add +16.8%
MITEK SYSTEMS INC (MITK 0.75 02/01/26)	NOTE 0.750% 2/0 · principal	32,750	$31K	Add +10.1%
GBBKR Global Blockchain Acq - RTS	RIGHT 05/09/2027	400,000	$31K	No change
WAYFAIR INC (W 3.5 11/15/28)	NOTE 3.500%11/1 · principal	20,500	$30K	Add +720.0%
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29)	NOTE 4.000% 5/0 · principal	19,645	$29K	Add +1.8%
VGASW Cenaq Energy Corp. Class A -CW27	*W EXP 02/15/202	132,844	$28K	No change
OPKO HEALTH INC	NOTE 3.75% 1/15/29 · principal	20,000	$27K	Add +1.3%
CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28)	NOTE 2.750% 5/0 · principal	23,592	$26K	Add +30.4%
ACCOLADE INC (ACCD 0.5 04/01/26)	NOTE 0.500% 4/0 · principal	27,991	$26K	No change
UPSTART 2 - 10/1/29	FIXED INCOME · principal	23,500	$26K	New
NOVAVAX INC (NVAX 5 12/15/27)	NOTE 5.000%12/1 · principal	20,288	$26K	Add +25.3%
IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26)	NOTE 1.500% 6/1 · principal	28,250	$25K	New
ARTIVION INC (AORT 4.25 07/01/25)	NOTE 4.250% 7/0 · principal	19,900	$25K	No change
LUCID GROUP INC (LCID 1.25 12/15/26)	1.250 12/15/26 CVT · principal	36,535	$25K	Add +15.4%
WISDOMTREE INC	3.25 15/08/2029 · principal	23,700	$25K	New
FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27)	NOTE 0.375% 1/1 · principal	26,311	$23K	Add +89.6%
PENNYMAC MORTGAGE INV TRUST	NOTE 8.5% 6/01/29 · principal	23,050	$23K	New
Indie Semiconductor Inc	NOTE 4.500 11/15/27 · principal	25,822	$23K	Add +14.5%
CUTERA INC (CUTR 4 06/01/29)	NOTE 4.000% 6/0 · principal	13,235	$23K	No change
GCTS.WS Concord Acq Class A -CW28	*W EXP 03/01/202	172,160	$22K	Reduce -22.5%
PELOTON INTERACTIVE INC	NOTE 10.7591% 5/23/29 · principal	21,945	$22K	New
SIMAW Sim Acquisition Corp. - 29	*W EXP 06/01/203	241,250	$22K	New
PLUG POWER INC (PLUG 3.75 06/01/25)	NOTE 3.750% 6/0 · principal	22,495	$22K	Add +31.6%
SEA LTD (SEALTD 0.25 09/15/26)	NOTE 0.250% 9/1 · principal	23,270	$21K	Reduce -27.9%
ATEKW Athena Technology Acq -CW23	*W EXP 10/17/202	775,000	$21K	No change
HEALTH CATALYST INC (HCAT 2.5 04/15/25)	NOTE 2.500% 4/1 · principal	20,491	$20K	Add +2.0%
PACIRA BIOSCIENCES INC	NOTE 2.125% 2/16/29 · principal	25,814	$20K	New
SLND.WS Legato Merger Corp. II -CW23	*W EXP 02/14/202	51,732	$19K	No change
XPLR INFRASTRUCTURE LP	2.500 06/15/26 CVT · principal	20,002	$19K	Add +11.1%
SUNRUN INC. 144A 4 03/01/2030	FIXED INCOME · principal	14,000	$19K	New
BNIXR Bannix Acquisition Corp.-RTS	RIGHT 07/31/2026	210,385	$19K	No change
DESKTOP METAL INC (DM 6 05/15/27)	Convertible Bond · principal	21,364	$19K	New
PURECYCLE TECHNOLOGIES	NOTE 7.25% 8/15/30 · principal	21,250	$19K	Add +4.9%
IBACR Ib Acquisition Corp.-RTS	RIGHT 09/28/2026	200,000	$19K	No change
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27)	NOTE 1.500%10/1 · principal	18,512	$18K	Reduce -5.1%
PEGASYSTEMS INC (PEGA 0.75 03/01/25)	NOTE 0.750% 3/0 · principal	18,406	$18K	Reduce -16.1%
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	21,818	$18K	Add +191.6%
EONR.WS HNR Acquisition Corp. -CW23	*W EXP 11/15/202	349,249	$17K	No change
MUVICO LLC	8.000 04/30/30 CVT · principal	15,978	$17K	New
COIN 0.250 04/01/30 CVT	0.25 01/04/2030 · principal	19,000	$17K	New
MARATHON DIGITAL	2.125 01/09/2031 · principal	15,000	$17K	New
BLOOM ENERGY CORP	NOTE 3% 6/1/29 · principal	20,000	$17K	New
PGY 6 1/8 10/01/29	FIXED INCOME · principal	16,425	$17K	New
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	18,093	$17K	Reduce -2.7%
BANDWIDTH INC (BAND 0.5 04/01/28)	NOTE 0.500% 4/0 · principal	21,552	$17K	Add +78.5%
EVENTBRITE INC (EB 0.75 09/15/26)	NOTE 0.750% 9/1 · principal	19,233	$17K	Add +490.3%
MP MATERIALS CORP	0.250 04/01/26 CVT · principal	17,803	$16K	Reduce -12.7%
IGTAR Inception Growth Acq Ltd. -RT	RIGHT 12/08/2026	124,880	$16K	No change
CRTWF Cartica Acquisition A -28	*W EXP 04/30/202	100,000	$16K	New
ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27)	NOTE 6.500% 9/0 · principal	17,500	$16K	No change
LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30)	DEBT 11.500% 1/1 · principal	24,114	$16K	New
CARDLYTICS INC (CDLX 1 09/15/25)	NOTE 1.000% 9/1 · principal	17,120	$16K	Add +6.2%
SEMTECH CORP	NOTE 4% 11/01/28 · principal	6,700	$16K	New
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	22,150	$16K	Reduce -38.3%
MESA LABORATORIES INC (MLAB 1.375 08/15/25)	NOTE 1.375% 8/1 · principal	16,047	$15K	No change
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28)	NOTE 4.750%10/1 · principal	12,250	$15K	New
CLRRF Climaterock -RTS	RIGHT 10/31/2028	168,490	$15K	New
SNAP 0.500 05/01/30 CVT	CONVERTIBLE BOND · principal	17,500	$15K	New
CRYOPORT INC	NOTE 0.750% 12/0 · principal	16,239	$14K	New
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28)	NOTE 5.500% 2/0 · principal	15,025	$14K	Add +233.9%
SHCRW Sharecare Inc. -CW27	*W EXP 07/01/202	159,334	$14K	No change
CUTERA INC (CUTR 2.25 03/15/26)	NOTE 2.250% 3/1 · principal	4,500	$14K	No change
PROS HOLDINGS INC (PRO 2.25 09/15/27)	NOTE 2.250% 9/1 · principal	15,450	$14K	Add +113.1%
FORTUNA MINING CORP	NOTE 3.75% 6/30/29 · principal	12,815	$14K	Reduce -10.1%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	15,500	$13K	Add +121.4%
ECD AUTOMOTIVE DESIGN INC	*W EXP 12/12/202	540,000	$13K	No change
REDWOOD TRUST INC (RWT 7.75 06/15/27)	NOTE 7.750% 6/1 · principal	13,351	$13K	No change
BANDWIDTH INC (BAND 0.25 03/01/26)	NOTE 0.250% 3/0 · principal	14,580	$13K	No change
IVAWF Investcorp India Acquisi -27	*W EXP 06/01/202	212,035	$13K	New
TILRAY BRANDS INC (TLRY 5.2 06/15/27)	NOTE 5.200% 6/1 · principal	12,300	$13K	No change
LUMINAR TECHNOLOGIES	NOTE 13.6559% 8/15/28 · principal	12,561	$13K	New
NEVRO CORP (NVRO 2.75 04/01/25)	NOTE 2.750% 4/0 · principal	12,702	$12K	No change
EVOLENT HEALTH INC	NOTE 3.5% 12/1/29 · principal	11,095	$12K	New
SOFI TECHNOLOGIES INC (SOFI 0 10/15/26)	CONV · principal	13,000	$12K	Reduce -57.4%
SATLW Satellogic Inc.-A -23	*W EXP 01/25/202	285,428	$12K	New
GOSSAMER BIO INC (GOSS 5 06/01/27)	NOTE 5.000% 6/0 · principal	21,850	$12K	No change
NIO INC (NIO 0.5 02/01/27)	NOTE 0.500% 2/0 · principal	11,767	$11K	Add +34.2%
INNOVIVA INC (INVA 2.125 03/15/28)	NOTE 2.125% 3/1 · principal	11,551	$11K	Reduce -17.8%
CARDLYTICS INC	NOTE 4.25% 4/1/29 · principal	21,086	$11K	New
SEMTECH CORP (SMTC 1.625 11/01/27)	NOTE 1.625%11/0 · principal	7,890	$11K	Reduce -72.8%
HAEMONETICS CORP	NOTE 2.5% 6/1/29 · principal	10,750	$11K	New
MANNKIND CORP (MNKD 2.5 03/01/26)	NOTE 2.500% 3/0 · principal	8,060	$11K	Reduce -27.1%
VSACW Vision Sensing Acq -CW23	*W EXP 99/99/999	243,675	$11K	No change
KACRF Kairous Acquisition Corp.-RTS	RIGHT 09/15/2026	143,552	$10K	New
XBPEW CF Acquisition Viii A -CW27	*W EXP 11/30/202	357,933	$10K	No change
GBBKW Global Blockchain Acq-CW27	*W EXP 05/09/202	400,000	$10K	No change
CHEFS' WAREHOUSE THE (CHEF 1.875 12/01/24)	NOTE 1.875%12/0 · principal	9,604	$10K	No change
ZYNEX INC (ZYXI 5 05/15/26)	NOTE 5.000% 5/1 · principal	10,000	$10K	Add +81.8%
NIO INC (NIO 4.625 10/15/30)	NOTE 4.625%10/1 · principal	10,863	$9K	New
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	10,290	$9K	Reduce -29.9%
IMCR US	2/1/2030 · principal	10,311	$9K	New
GTACW Global Technology Acq -CW23	*W EXP 99/99/999	173,700	$9K	New
LUMINAR TECHNOLOGIES INC (LAZR 9 01/15/30)	DEBT 9.000% 1/1 · principal	10,335	$9K	New
LEGT.WS Legato Merger Corp. III-29	*W EXP 05/08/203	50,000	$9K	New
MICROSTRATEGY INCORPORATED 14 2.25 06/15/2032	FIXED INCOME · principal	7,250	$8K	New
NOVVR Nova Vision Acquisition-RTS	RIGHT 99/99/9999	77,722	$8K	New
HHGCR HHG Capital Corp.-RTS	RIGHT 02/25/2026	90,941	$8K	New
PPYAW Papaya Growth Opportuni-CW23	*W EXP 12/31/202	250,000	$8K	No change
ASBPW Aspire Biopharma Holdin-CW27	*W EXP 05/23/202	175,000	$7K	New
STEM Inc	NOTE 4.250 04/01/30 · principal	2,450	$7K	New
ENVX 3 05/01/28	FIXED INCOME · principal	8,000	$7K	New
CERENCE INC (CRNC 1.5 07/01/28)	NOTE 1.500% 7/0 · principal	13,400	$7K	New
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29)	NOTE 2.875% 2/1 · principal	5,607	$7K	Reduce -61.6%
BAERW Wildfire New Pubco Inc.-27	*W EXP 01/24/202	121,167	$7K	No change
SVUWF Srivaru Holding Ltd.-28	*W EXP 12/08/202	454,100	$7K	New
GRDIW Griid Infrastructure Inc.-28	*W EXP 12/29/202	202,416	$7K	No change
RWT HOLDINGS INC (RWT 5.75 10/01/25)	NOTE 5.750%10/0 · principal	6,860	$7K	No change

Largest 200 of 273 shown.

Total filed on the 13F, all lines: $834.0M.

Portfolio Sells Q2 2024 → Q3 2024


IBIT iShares Bitcoin Trust ETF	Reduce -22.3%	34.49%	−52.52
IBAC Ib Acquisition Corp.	Sold out	0.00%	−12.61
BURTECH ACQUISITION CORP	Reduce -8.1%	0.11%	−0.20

Portfolio Buys Q2 2024 → Q3 2024


FTW.U Eqv Ventures Acquisition Cor	New	15.14%	+15.14
SBXUF Silverbox Corp. IV	New	14.21%	+14.21
SIMA Sim Acquisition Corp. I-A	New	11.27%	+11.27
HONDU HCM II Acquisition Corp.	New	10.68%	+10.68
VACHU Voyager Acquisition Corp.	New	6.10%	+6.10
ALFUU Centurion Acquisition Corp.	New	4.90%	+4.90
CEP Cantor Equity Partners Inc.	New	3.06%	+3.06

Notes & Other Activity Q2 2024 → Q3 2024


SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	Add +127.3%	99,988	$80.3M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	Add +37.7%	62,500	$61.6M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	Add +10.0%	66,484	$59.2M
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	Add +63.9%	59,168	$51.4M
WAYFAIR INC (W 0.625 10/01/25)	NOTE 0.625%10/0 · principal	Reduce -1.8%	53,438	$51.0M
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	Add +12.4%	54,500	$50.2M
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	Add +25.4%	37,086	$37.5M
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	Add +26.4%	34,584	$25.8M
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25)	NOTE 7.500% 8/0 · principal	Add +38.1%	23,940	$24.4M
BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29)	NOTE 8.500% 8/1 · principal	New	18,270	$21.3M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	Sold out	18,500	$20.0Mbefore exit
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	Add +11.4%	19,515	$18.9M
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25)	NOTE 0.750% 8/0 · principal	New	18,750	$17.9M
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	Reduce -32.8%	19,475	$17.6M
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	Add +11.8%	18,788	$17.5M
GREEN PLAINS INC (GPRE 2.25 03/15/27)	NOTE 2.250% 3/1 · principal	Add +55.0%	20,150	$17.5M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	Add +23.2%	17,250	$16.2M
HP ENTERPRISE CO (HPE 7.625 09/01/27)	7.625 MAND CONV	New	250,000	$15.1M
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	Add +1047.6%	12,050	$14.5M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	Reduce -27.1%	13,465	$14.3M
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	Reduce -38.5%	12,000	$12.8M
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	Add +62.5%	13,000	$12.8M
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	Reduce -23.5%	13,000	$11.2M
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	Reduce -23.9%	9,558	$10.4M
PETIQ INC (PETQ 4 06/01/26)	NOTE 4.000% 6/0 · principal	Sold out	9,483	$10.1Mbefore exit
BLOCK INC (XYZ 0 05/01/26)	NOTE 5/0 · principal	Reduce -6.6%	10,445	$9.7M
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	Reduce -39.0%	9,371	$9.2M
SEA LTD (SEALTD 2.375 12/01/25)	NOTE 2.375%12/0 · principal	New	7,500	$9.0M
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	Reduce -17.2%	9,648	$8.7M
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	Sold out	6,000	$8.6Mbefore exit
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	Reduce -30.0%	7,000	$8.2M
FIRSTENERGY CORP (FE 4 05/01/26)	NOTE 4.000% 5/0 · principal	Add +55.6%	7,000	$7.4M
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	Sold out	7,500	$6.9Mbefore exit
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29)	NOTE 2.000% 3/1 · principal	New	6,500	$6.9M
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	New	7,500	$6.7M
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	Sold out	6,500	$6.5Mbefore exit
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	New	7,500	$6.1M
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	Reduce -0.4%	7,112	$6.1M
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	Reduce -43.3%	16,021	$6.0M
BILL HOLDINGS INC (BILL 0 04/01/27)	NOTE 4/0 · principal	Sold out	7,000	$6.0Mbefore exit
PENNYMAC CORP (PMT 5.5 03/15/26)	NOTE 5.500% 3/1 · principal	Add +19.5%	6,136	$6.0M
MIDDLEBY CORP (MIDD 1 09/01/25)	NOTE 1.000% 9/0 · principal	Sold out	5,500	$5.9Mbefore exit
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29)	NOTE 3.875% 8/1 · principal	New	6,000	$5.7M
CABLE ONE INC (CABO 1.125 03/15/28)	NOTE 1.125% 3/1 · principal	Sold out	7,000	$5.2Mbefore exit
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	Sold out	5,265	$4.8Mbefore exit
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	Sold out	5,500	$4.7Mbefore exit
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Sold out	4,965	$4.1Mbefore exit
JBT MAREL CORP (JBTM 0.25 05/15/26)	NOTE 0.250% 5/1 · principal	Sold out	3,500	$3.2Mbefore exit
NEXTERA ENERGY INC (NEE 7.299 06/01/27)	UNIT 06/01/2027	New	50,000	$2.8M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	Sold out	2,500	$2.8Mbefore exit

Showing the first 50 of 243.

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