Crystalline Management Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Crystalline Management Inc. reported 53 stock positions worth $64.9 million. Its top holding was Enerplus (ERF) at 8.5% of the portfolio, followed by Mountain & Co. I Acquisition (MCAA, 6.2%) and Monterey Cap Acquisition Cor (6.2%). Compared with Q4 2023, it opened 27 new positions, sold out of 32, added to 9 and reduced 6. The biggest buy was a new position in Enerplus (ERF) and the biggest sale Enphys Acquisition (NFSCF, shares −75%).

Most Recent 13F
Q3 2024
Location
Montreal, Quebec, Z4
CIK
0001891834
Portfolio Value
$64.9M (Q1 2024)
SEC Filing
0001891834-24-000003 ↗ filed May 10, 2024

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $64.9M $64.9M Q1 2024 Q2 2024: $55.3M Q2 2024 Q3 2024: $44.5M Q3 2024

Holdings 53 stocks · $64.9M
ERF Enerplus Corp. 8.47% 279,839 $5.5M New
MCAA Mountain & Co. I Acquisition 6.18% 349,401 $4.0M Add +607.3%
MONTEREY CAP ACQUISITION COR 6.16% 360,502 $4.0M No change
HOLI Hollysys Automation Technolo 4.25% 108,000 $2.8M Add +13.7%
APCA Ap Acquisition Corp. Class A 4.00% 230,065 $2.6M Add +130.1%
GLST Global Star Acquisition Class A 3.85% 233,247 $2.5M Add +75.0%
AXONICS INC 3.57% 33,588 $2.3M New
IXAQF Ix Acquisition Corp. Class A 3.45% 200,000 $2.2M New
TLGYF TLGY Acquisition Corp. Class A 3.36% 192,958 $2.2M Add +28.6%
OCAX Oca Acquisition Corp. Class A 3.20% 192,110 $2.1M Add +29.7%
DSKE Daseke Inc. 3.19% 249,700 $2.1M Add +177.8%
LCW Learn CW Investment Corp. Class A 2.53% 150,000 $1.6M No change
HUDA Hudson Acquisition I Corp. 2.45% 150,000 $1.6M No change
BWAQ Blue World Acquisition Corp. 2.42% 140,593 $1.6M New
HES Hess Corp. 2.35% 10,000 $1.5M Add +100.0%
Z Zillow Group Inc. Class C 2.25% 30,000 $1.5M New
GMFI Aetherium Acquisition Corp. Class A 2.12% 125,000 $1.4M New
KACLF Kairous Acquisition Corp. Ltd. 2.09% 116,152 $1.4M New
DIST Distoken Acquisition Corp. 1.99% 120,000 $1.3M No change
BYNO Bynordic Acquisition Corp. 1.98% 115,974 $1.3M New
ZLSSF Zalatoris II Acquisition Cor 1.86% 111,731 $1.2M New
PLAOF Patria Latin American Opport 1.74% 100,000 $1.1M No change
ASCBF A Spac II Acquisition Corp. 1.72% 100,000 $1.1M No change
MSSAF Metal SKY Star Acquisition C 1.71% 100,000 $1.1M New
NFSCF Enphys Acquisition Corp. 1.67% 100,000 $1.1M Reduce -75.0%
TCN Tricon Residential Inc. 1.61% 93,868 $1.0M New
TCOA Zalatoris Acquisition Corp. 1.61% 95,895 $1.0M Reduce -36.1%
ACBA Ace Global Business Acquisit 1.58% 84,706 $1.0M New
VCXB 10X Capital Venture Acquis-A 1.45% 87,500 $943K New
SWSS Clean Energy Special Situati 1.31% 80,000 $850K No change
XFIN Excelfin Acquisition Corp. Class A 1.10% 65,500 $716K New
VZIO Vizio Holding Corp. Class A 1.05% 62,200 $680K New
KVACF Keen Vision Acquisition Corp. 0.97% 60,000 $627K New
UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP 0.92% 60,000 $599K Reduce -40.0%
INTE Integral Acquisition Corp. Class A 0.92% 55,000 $595K New
SCTL Societal Cdmo Inc. 0.86% 518,629 $560K New
CNGL Canna-Global Acquisitio Class A 0.86% 50,198 $556K No change
CSLMF CSLM Acquisition Corp. 0.85% 50,000 $552K New
BATL Battalion Oil Corp. 0.84% 96,875 $548K Add +76.2%
GTH Genetron Holdings Ltd.-ADR 0.70% 113,395 $456K No change
LBTYK Liberty Global Ltd. Class C 0.64% 23,624 $417K Reduce -67.9%
SCX Starrett (l.s.) Co. Class A 0.60% 24,685 $392K New
FREE Whole Earth Brands Inc. 0.47% 63,785 $308K New
CUK Carnival PLC-ADR 0.47% 20,800 $306K No change
CLOE Clover Leaf Capital Corp. Class A 0.44% 23,669 $284K No change
SEDA SDCL Edge Acquisition Corp. Class A 0.39% 23,400 $256K New
ZFOX Zerofox Holdings Inc. 0.38% 219,760 $246K New
FUSN Fusion Pharmaceuticals Inc. 0.37% 11,207 $239K New
AMBR Amber International Holding filed as ICLICK INTERACTIVE ASIA GROU 0.30% 49,523 $196K Reduce -21.9%
ETRN Equitrans Midstream Corp. 0.29% 14,903 $186K New
TAST Carrols Restaurant Group Inc. 0.24% 16,510 $157K New
OSISKO DEVELOPMENT CORP 0.18% 39,475 $114K Reduce -80.7%
XERS Xeris Biopharma Holdings Inc. 0.06% 16,573 $37K New
Other holdings (38): bonds, preferreds, convertibles and warrants · $11.8M (not counted above)
SecurityClassShares / PrincipalValueChange
ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) NOTE 1.750% 6/1 · principal 5,500,000$7.2MAdd +83.3%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 3,035,000$4.4MNew
CSLRF Consilium Acquisition -Right RIGHT 99/99/9999 150,000$27KNo change
DISTR Distoken Acquisition Corp. RIGHT 99/99/9999 200,000$21KNo change
IROHR Iron Horse Acquisitions Righ RIGHT 99/99/9999 94,900$19KNew
BNIXR Bannix Acquisition Corp.-RTS RIGHT 07/31/2026 85,000$18KNo change
QETAR Quetta Acquisition Corp.-RTS RIGHT 99/99/9999 14,047$15KNew
CETUR Cetus Capital Acquisition Co. RIGHT 03/31/2024 85,000$10KNo change
CSLWF Consilium Acquisition -27 *W EXP 99/99/999 75,000$9KNo change
GLSTR Global Star Acquisition-RTS RIGHT 99/99/9999 80,000$7KNo change
MRNOW Murano Global BV-28 *W EXP 03/19/202 50,000$5KNew
EMCRF Embrace Change Acq-Rights RIGHT 10/25/2026 37,000$5KNew
DISTW Distoken Acquisition Corp.-28 *W EXP 11/30/202 200,000$4KNo change
MCAAW Mountain & Co. I Acq -CW23 *W EXP 09/30/202 50,000$4KNo change
ASCRF A Spac II Acquisition-Right RIGHT 10/15/2026 50,000$3KNo change
KVAWF Keen Vision Acquisition C-28 *W EXP 03/15/202 60,000$3KNew
UCFIW Iron Horse Acquisition Co.-29 *W EXP 09/30/203 94,900$3KNew
BNIXW Bannix Acquisition Corp.-CW23 *W EXP 07/31/202 85,000$3KNo change
SBCWW Pono Capital Two Inc. -27 *W EXP 09/17/202 80,000$3KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 12,500$3KNew
BITE.WS Bite Acquisition Corp. -CW27 *W EXP 02/12/203 32,500$2KNo change
AITRR AI Transportation Acquis-RTS RIGHT 09/01/2028 15,000$2KNo change
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 12,500$2KNew
FORLW Four Leaf Acquisition Cor-28 *W EXP 03/15/202 40,000$2KNo change
CETUW Cetus Capital Acquisition-28 *W EXP 01/31/202 85,000$2KNo change
ONYXW Onyx Acq Co. I Class A -CW23 *W EXP 11/30/202 50,000$2KNo change
GRDIW Griid Infrastructure Inc.-28 *W EXP 12/29/202 24,300$1KNew
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 20,000$1KNew
GLSTW Global Star Acquisition-27 A *W EXP 07/15/202 80,000$1KNo change
SVUWF Srivaru Holding Ltd.-28 *W EXP 12/08/202 75,000$1KNo change
MACAW Moringa Acquisition Cor-CW26 *W EXP 02/22/202 12,500$1KNo change
EMCWF Embrace Change Acquisitio-26 *W EXP 10/25/202 37,000$836New
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 13,975$709No change
MLECW Moolec Science SA *W EXP 12/30/202 25,000$703No change
ASCWF A Spac II Acquisition -CW27 *W EXP 10/15/202 50,000$625No change
BENFW Beneficient Co. Group -28 *W EXP 06/07/202 86,250$621No change
APCA.WS Ap Acquisition Corp.-A -23 *W EXP 12/07/202 15,000$600New
PUCKW Goal Acquisitions Corp.-CW *W EXP 99/99/999 20,000$126No change

Total filed on the 13F, all lines: $76.7M.

Portfolio Sells Q4 2023 → Q1 2024
NFSCF Enphys Acquisition Corp. Reduce -75.0% 1.67% −5.56
SBC SBC Medical Group Holdings I Sold out 0.00% −5.29
CPRI Capri Holdings Ltd. Sold out 0.00% −3.87
QFTA Quantum Fintech Acquisition Sold out 0.00% −3.23
IRRX Integrated Rail and Class A Sold out 0.00% −2.82
POWER & DIGITAL INFRASTRUCTU Sold out 0.00% −2.75
BNIX Bannix Acquisition Corp. Sold out 0.00% −2.74
ACAC Acri Capital Acquisition Cor Sold out 0.00% −2.43
QETAU Quetta Acquisition Corp. Sold out 0.00% −2.43
LCAA L Catterton Asia Acq Class A Sold out 0.00% −1.82
PBR Petroleo Brasileiro-Spon ADR Sold out 0.00% −1.76
LBTYK Liberty Global Ltd. Class C Reduce -67.9% 0.64% −1.68
CETU Cetus Capital Acquisition Co. Sold out 0.00% −1.51
SEQUANS COMMUNICATIONS S A Sold out 0.00% −1.25
OSISKO DEVELOPMENT CORP Reduce -80.7% 0.18% −1.16
TCOA Zalatoris Acquisition Corp. Reduce -36.1% 1.61% −1.11
CRESCENT PT ENERGY CORP Sold out 0.00% −1.09
KVAUF Keen Vision Acquisition Corp. Sold out 0.00% −1.06
ALSET CAPITAL ACQUISITION CO Sold out 0.00% −1.05
LCA Landcadia Holdings IV Inc. Class A Sold out 0.00% −0.92
OAKUU Oak Woods Acquisition Corp. Sold out 0.00% −0.86
UCFI CN Healthy Food Tech Group C Reduce -40.0% 0.92% −0.78
EMCUF Embrace Change Acquisition C Sold out 0.00% −0.69
NNAGU 99 Acquisition Group Inc. Sold out 0.00% −0.61
APCA.U Ap Acquisition Corp. Sold out 0.00% −0.58
STN Stantec Inc. Sold out 0.00% −0.54
TARO Taro Pharmaceutical Indus Sold out 0.00% −0.50
LSXMK Liberty Media Corp.-Liber-New Sold out 0.00% −0.49
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.47
IVCBF Invest Acquisition Corp. Sold out 0.00% −0.47
IPXXU Inflection Point Acquisition Sold out 0.00% −0.44
HAYMAKER ACQUISITION CORP 4 Sold out 0.00% −0.44
ISLUF Israel Acquisitions Corp. Sold out 0.00% −0.36
AITRU AI Transportation Acquisitio Sold out 0.00% −0.26
MTA Metalla Royalty & Streaming Sold out 0.00% −0.21
ALCUF Alchemy Investments Acquisit Sold out 0.00% −0.19
AMBR Amber International Holding Reduce -21.9% 0.30% −0.11
CCLP Csi Compressco LP Sold out 0.00% −0.05

Portfolio Buys Q4 2023 → Q1 2024
ERF Enerplus Corp. New 8.47% +8.47
MCAA Mountain & Co. I Acquisition Add +607.3% 6.18% +5.24
AXONICS INC New 3.57% +3.57
IXAQF Ix Acquisition Corp. Class A New 3.45% +3.45
BWAQ Blue World Acquisition Corp. New 2.42% +2.42
Z Zillow Group Inc. Class C New 2.25% +2.25
GMFI Aetherium Acquisition Corp. Class A New 2.12% +2.12
APCA Ap Acquisition Corp. Class A Add +130.1% 4.00% +2.11
KACLF Kairous Acquisition Corp. Ltd. New 2.09% +2.09
BYNO Bynordic Acquisition Corp. New 1.98% +1.98
DSKE Daseke Inc. Add +177.8% 3.19% +1.96
ZLSSF Zalatoris II Acquisition Cor New 1.86% +1.86
MSSAF Metal SKY Star Acquisition C New 1.71% +1.71
TCN Tricon Residential Inc. New 1.61% +1.61
ACBA Ace Global Business Acquisit New 1.58% +1.58
GLST Global Star Acquisition Class A Add +75.0% 3.85% +1.45
VCXB 10X Capital Venture Acquis-A New 1.45% +1.45
HES Hess Corp. Add +100.0% 2.35% +1.13
XFIN Excelfin Acquisition Corp. Class A New 1.10% +1.10
VZIO Vizio Holding Corp. Class A New 1.05% +1.05
KVACF Keen Vision Acquisition Corp. New 0.97% +0.97
INTE Integral Acquisition Corp. Class A New 0.92% +0.92
SCTL Societal Cdmo Inc. New 0.86% +0.86
CSLMF CSLM Acquisition Corp. New 0.85% +0.85
SCX Starrett (l.s.) Co. Class A New 0.60% +0.60
TLGYF TLGY Acquisition Corp. Class A Add +28.6% 3.36% +0.54
OCAX Oca Acquisition Corp. Class A Add +29.7% 3.20% +0.49
FREE Whole Earth Brands Inc. New 0.47% +0.47
SEDA SDCL Edge Acquisition Corp. Class A New 0.39% +0.39
ZFOX Zerofox Holdings Inc. New 0.38% +0.38
FUSN Fusion Pharmaceuticals Inc. New 0.37% +0.37
ETRN Equitrans Midstream Corp. New 0.29% +0.29
TAST Carrols Restaurant Group Inc. New 0.24% +0.24
XERS Xeris Biopharma Holdings Inc. New 0.06% +0.06
HOLI Hollysys Automation Technolo Add +13.7% 4.25% +0.02
BATL Battalion Oil Corp. Add +76.2% 0.84% −0.05

Notes & Other Activity Q4 2023 → Q1 2024
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) NOTE 2.750% 5/1 · principal Sold out 6,033,000 $7.9Mbefore exit
ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) NOTE 1.750% 6/1 · principal Add +83.3% 5,500,000 $7.2M
SPLUNK INC (SPLK 1.125 06/15/27) NOTE 1.125% 6/1 · principal Sold out 5,000,000 $4.9Mbefore exit
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal New 3,035,000 $4.4M
RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal Sold out 1,975,000 $1.8Mbefore exit
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) NOTE 1.875%12/0 · principal Sold out 2,000,000 $1.4Mbefore exit
IROHR Iron Horse Acquisitions Righ RIGHT 99/99/9999 New 94,900 $19K
QETAR Quetta Acquisition Corp.-RTS RIGHT 99/99/9999 New 14,047 $15K
MRNOW Murano Global BV-28 *W EXP 03/19/202 New 50,000 $5K
EMCRF Embrace Change Acq-Rights RIGHT 10/25/2026 New 37,000 $5K
KVAWF Keen Vision Acquisition C-28 *W EXP 03/15/202 New 60,000 $3K
UCFIW Iron Horse Acquisition Co.-29 *W EXP 09/30/203 New 94,900 $3K
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 New 12,500 $3K
ADEX.WS Adit Edtech Acq -CW27 *W EXP 99/99/999 Sold out 24,300 $2Kbefore exit
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 New 12,500 $2K
GRDIW Griid Infrastructure Inc.-28 *W EXP 12/29/202 New 24,300 $1K
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 New 20,000 $1K
HCMAW HCM Acquisition Corp.-A -CW27 *W EXP 01/20/202 Sold out 50,000 $1Kbefore exit
EMCWF Embrace Change Acquisitio-26 *W EXP 10/25/202 New 37,000 $836
NCACW Newcourt Acquisition -CW28 *W EXP 01/22/202 Sold out 50,000 $800before exit
APCA.WS Ap Acquisition Corp.-A -23 *W EXP 12/07/202 New 15,000 $600

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2024 36$44.5MGATO, MCAA, LCW, TLGYF, PETQ
Q2 2024 43$55.3MTRTLF, RRACF, MONTEREY CAP ACQUISITION COR, MCAA, TLGYF
Q1 2024 53$64.9MERF, MCAA, MONTEREY CAP ACQUISITION COR, HOLI, APCA