Crystalline Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Crystalline Management Inc. reported 43 stock positions worth $55.3 million. Its top holding was Tortoiseecofin Acquisition-A (TRTLF) at 9.1% of the portfolio, followed by Rigel Resource Acquisit Class A (RRACF, 8.2%) and Monterey Cap Acquisition Cor (7.4%). Compared with Q1 2024, it opened 24 new positions, sold out of 34, added to 5 and reduced 5. The biggest buy was a new position in Tortoiseecofin Acquisition-A (TRTLF) and the biggest sale an exit from Enerplus (ERF).
- Most Recent 13F
- Q3 2024
- Location
- Montreal, Quebec, Z4
- CIK
- 0001891834
- Portfolio Value
- $55.3M (Q2 2024)
- SEC Filing
- 0001891834-24-000004 ↗ filed Aug 8, 2024
Holdings Value
Holdings 43 stocks · $55.3M
| TRTLF Tortoiseecofin Acquisition-A | 9.06% | 458,582 | $5.0M | New |
| RRACF Rigel Resource Acquisit Class A | 8.19% | 400,000 | $4.5M | New |
| MONTEREY CAP ACQUISITION COR | 7.36% | 360,502 | $4.1M | No change |
| MCAA Mountain & Co. I Acquisition | 7.36% | 349,401 | $4.1M | No change |
| TLGYF TLGY Acquisition Corp. Class A | 6.06% | 292,958 | $3.4M | Add +51.8% |
| ETRN Equitrans Midstream Corp. | 4.69% | 200,000 | $2.6M | Add +1242.0% |
| IXAQF Ix Acquisition Corp. Class A | 4.12% | 200,000 | $2.3M | No change |
| GODN Golden Star Acquisition Corp. | 3.91% | 200,000 | $2.2M | New |
| OCAX Oca Acquisition Corp. Class A | 3.89% | 192,110 | $2.2M | No change |
| AXONICS INC | 3.65% | 30,000 | $2.0M | Reduce -10.7% |
| EMCGF Embrace Change Acquisition C | 3.18% | 156,489 | $1.8M | New |
| FRLA Fortune Rise Acquisition Cor | 3.05% | 150,000 | $1.7M | New |
| BWAQ Blue World Acquisition Corp. | 2.87% | 140,593 | $1.6M | No change |
| DOMA Doma Holdings Inc. | 2.30% | 209,199 | $1.3M | New |
| NWLI National Western Life Grou-A | 2.25% | 2,500 | $1.2M | New |
| NVEI Nuvei Corp.-Subordinate VTG | 2.20% | 37,533 | $1.2M | New |
| FREE Whole Earth Brands Inc. | 2.18% | 247,938 | $1.2M | Add +288.7% |
| MSSAF Metal SKY Star Acquisition C | 2.02% | 98,400 | $1.1M | Reduce -1.6% |
| TCOA Zalatoris Acquisition Corp. | 1.92% | 95,895 | $1.1M | No change |
| EVBG Everbridge Inc. | 1.81% | 28,545 | $999K | New |
| OVERSEAS SHIPHOLDING GROUP-A | 1.80% | 117,575 | $997K | New |
| MCBC Macatawa Bank Corp. | 1.78% | 67,425 | $984K | New |
| VCXB 10X Capital Venture Acquis-A | 1.74% | 87,500 | $963K | No change |
| PWSC Powerschool Holdings Inc. Class A | 1.42% | 35,000 | $784K | New |
| AAN The Aaron's Co. Inc. filed as THE AARONS COMPANY INC | 1.38% | 76,680 | $765K | New |
| HES Hess Corp. | 1.19% | 4,463 | $658K | Reduce -55.4% |
| TSRI TSR Inc. | 1.08% | 44,684 | $598K | New |
| CSLMF CSLM Acquisition Corp. | 1.07% | 52,757 | $593K | Add +5.5% |
| LCW Learn CW Investment Corp. Class A | 0.99% | 50,000 | $545K | Reduce -66.7% |
| CNGL Canna-Global Acquisitio Class A | 0.95% | 50,198 | $524K | No change |
| CERE Cerevel Therapeutics Holding | 0.66% | 8,918 | $365K | New |
| BATL Battalion Oil Corp. | 0.60% | 100,051 | $334K | Add +3.3% |
| CLOE Clover Leaf Capital Corp. Class A | 0.52% | 23,669 | $289K | No change |
| GAN Gan Ltd. | 0.51% | 189,752 | $280K | New |
| NFSCF Enphys Acquisition Corp. | 0.50% | 25,000 | $275K | Reduce -75.0% |
| DPSI Decisionpoint Systems Inc. | 0.40% | 21,916 | $224K | New |
| ASXC Asensus Surgical Inc. | 0.31% | 516,162 | $172K | New |
| IAG Iamgold Corp. | 0.31% | 45,554 | $171K | New |
| ALLGF Allego NV | 0.21% | 69,701 | $117K | New |
| BARCLAYS BANK PLC | 0.20% | 10,000 | $109K | New |
| RFAIU RF Acquisition Corp. II | 0.18% | 10,000 | $101K | New |
| PTON Peloton Interactive Inc. Class A | 0.09% | 14,000 | $47K | New |
| BEST Best Inc. - ADR | 0.07% | 13,119 | $36K | New |
Options reported separately and not counted above: SCZ puts ($6.2M), EQX puts ($5.8M), BABA puts ($1.9M), POST puts ($1.5M), MCHP puts ($1.3M), STX puts ($981K), ITRI puts ($608K), BB puts ($136K), PTON puts ($121K).
Other holdings (40): bonds, preferreds, convertibles and warrants · $31.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 5,000,000 | $8.7M | New |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 5,500,000 | $8.0M | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 6,000,000 | $6.6M | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 3,035,000 | $4.4M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 3,000,000 | $3.0M | New |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 46,600 | $405K | New |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 94,900 | $25K | No change |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 200,000 | $22K | No change |
| CETUR Cetus Capital Acquisition Co. | RIGHT 03/31/2024 | 85,000 | $21K | No change |
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | 150,000 | $17K | No change |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 14,047 | $16K | No change |
| BNIXR Bannix Acquisition Corp.-RTS | RIGHT 07/31/2026 | 85,000 | $13K | No change |
| GLSTR Global Star Acquisition-RTS | RIGHT 99/99/9999 | 80,000 | $12K | No change |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | 75,000 | $11K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 50,000 | $8K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 80,000 | $6K | No change |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | 37,000 | $5K | No change |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 60,000 | $4K | No change |
| MCAAW Mountain & Co. I Acq -CW23 | *W EXP 09/30/202 | 50,000 | $4K | No change |
| ASCRF A Spac II Acquisition-Right | RIGHT 10/15/2026 | 50,000 | $4K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 94,900 | $3K | No change |
| AITRR AI Transportation Acquis-RTS | RIGHT 09/01/2028 | 15,000 | $3K | No change |
| DISTW Distoken Acquisition Corp.-28 | *W EXP 11/30/202 | 200,000 | $3K | No change |
| CETUW Cetus Capital Acquisition-28 | *W EXP 01/31/202 | 85,000 | $3K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 40,000 | $2K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 12,500 | $2K | No change |
| GLSTW Global Star Acquisition-27 A | *W EXP 07/15/202 | 80,000 | $2K | No change |
| BITE.WS Bite Acquisition Corp. -CW27 | *W EXP 02/12/203 | 32,500 | $2K | No change |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | 85,000 | $2K | No change |
| GRDIW Griid Infrastructure Inc.-28 | *W EXP 12/29/202 | 24,300 | $2K | No change |
| ONYXW Onyx Acq Co. I Class A -CW23 | *W EXP 11/30/202 | 50,000 | $1K | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 25,000 | $1K | No change |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | 12,500 | $1K | No change |
| MACAW Moringa Acquisition Cor-CW26 | *W EXP 02/22/202 | 12,500 | $1K | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 20,000 | $1K | No change |
| SVUWF Srivaru Holding Ltd.-28 | *W EXP 12/08/202 | 75,000 | $773 | No change |
| EMCWF Embrace Change Acquisitio-26 | *W EXP 10/25/202 | 37,000 | $738 | No change |
| ASCWF A Spac II Acquisition -CW27 | *W EXP 10/15/202 | 50,000 | $683 | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 13,975 | $679 | No change |
| BENFW Beneficient Co. Group -28 | *W EXP 06/07/202 | 86,250 | $630 | No change |
Total filed on the 13F, all lines: $86.6M.
Portfolio Sells Q1 2024 → Q2 2024
| ERF Enerplus Corp. | Sold out | 0.00% | −8.47 |
| HOLI Hollysys Automation Technolo | Sold out | 0.00% | −4.25 |
| APCA Ap Acquisition Corp. Class A | Sold out | 0.00% | −4.00 |
| GLST Global Star Acquisition Class A | Sold out | 0.00% | −3.85 |
| DSKE Daseke Inc. | Sold out | 0.00% | −3.19 |
| HUDA Hudson Acquisition I Corp. | Sold out | 0.00% | −2.45 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −2.25 |
| GMFI Aetherium Acquisition Corp. Class A | Sold out | 0.00% | −2.12 |
| KACLF Kairous Acquisition Corp. Ltd. | Sold out | 0.00% | −2.09 |
| DIST Distoken Acquisition Corp. | Sold out | 0.00% | −1.99 |
| BYNO Bynordic Acquisition Corp. | Sold out | 0.00% | −1.98 |
| ZLSSF Zalatoris II Acquisition Cor | Sold out | 0.00% | −1.86 |
| PLAOF Patria Latin American Opport | Sold out | 0.00% | −1.74 |
| ASCBF A Spac II Acquisition Corp. | Sold out | 0.00% | −1.72 |
| TCN Tricon Residential Inc. | Sold out | 0.00% | −1.61 |
| ACBA Ace Global Business Acquisit | Sold out | 0.00% | −1.58 |
| LCW Learn CW Investment Corp. Class A | Reduce -66.7% | 0.99% | −1.55 |
| SWSS Clean Energy Special Situati | Sold out | 0.00% | −1.31 |
| NFSCF Enphys Acquisition Corp. | Reduce -75.0% | 0.50% | −1.17 |
| HES Hess Corp. | Reduce -55.4% | 1.19% | −1.16 |
| XFIN Excelfin Acquisition Corp. Class A | Sold out | 0.00% | −1.10 |
| VZIO Vizio Holding Corp. Class A | Sold out | 0.00% | −1.05 |
| KVACF Keen Vision Acquisition Corp. | Sold out | 0.00% | −0.97 |
| UCFI CN Healthy Food Tech Group C | Sold out | 0.00% | −0.92 |
| INTE Integral Acquisition Corp. Class A | Sold out | 0.00% | −0.92 |
| SCTL Societal Cdmo Inc. | Sold out | 0.00% | −0.86 |
| GTH Genetron Holdings Ltd.-ADR | Sold out | 0.00% | −0.70 |
| LBTYK Liberty Global Ltd. Class C | Sold out | 0.00% | −0.64 |
| SCX Starrett (l.s.) Co. Class A | Sold out | 0.00% | −0.60 |
| CUK Carnival PLC-ADR | Sold out | 0.00% | −0.47 |
| SEDA SDCL Edge Acquisition Corp. Class A | Sold out | 0.00% | −0.39 |
| ZFOX Zerofox Holdings Inc. | Sold out | 0.00% | −0.38 |
| FUSN Fusion Pharmaceuticals Inc. | Sold out | 0.00% | −0.37 |
| AMBR Amber International Holding | Sold out | 0.00% | −0.30 |
| TAST Carrols Restaurant Group Inc. | Sold out | 0.00% | −0.24 |
| OSISKO DEVELOPMENT CORP | Sold out | 0.00% | −0.18 |
| XERS Xeris Biopharma Holdings Inc. | Sold out | 0.00% | −0.06 |
| AXONICS INC | Reduce -10.7% | 3.65% | +0.08 |
| MSSAF Metal SKY Star Acquisition C | Reduce -1.6% | 2.02% | +0.31 |
Portfolio Buys Q1 2024 → Q2 2024
| TRTLF Tortoiseecofin Acquisition-A | New | 9.06% | +9.06 |
| RRACF Rigel Resource Acquisit Class A | New | 8.19% | +8.19 |
| ETRN Equitrans Midstream Corp. | Add +1242.0% | 4.69% | +4.41 |
| GODN Golden Star Acquisition Corp. | New | 3.91% | +3.91 |
| EMCGF Embrace Change Acquisition C | New | 3.18% | +3.18 |
| FRLA Fortune Rise Acquisition Cor | New | 3.05% | +3.05 |
| TLGYF TLGY Acquisition Corp. Class A | Add +51.8% | 6.06% | +2.71 |
| DOMA Doma Holdings Inc. | New | 2.30% | +2.30 |
| NWLI National Western Life Grou-A | New | 2.25% | +2.25 |
| NVEI Nuvei Corp.-Subordinate VTG | New | 2.20% | +2.20 |
| EVBG Everbridge Inc. | New | 1.81% | +1.81 |
| OVERSEAS SHIPHOLDING GROUP-A | New | 1.80% | +1.80 |
| MCBC Macatawa Bank Corp. | New | 1.78% | +1.78 |
| FREE Whole Earth Brands Inc. | Add +288.7% | 2.18% | +1.70 |
| PWSC Powerschool Holdings Inc. Class A | New | 1.42% | +1.42 |
| AAN The Aaron's Co. Inc. | New | 1.38% | +1.38 |
| TSRI TSR Inc. | New | 1.08% | +1.08 |
| CERE Cerevel Therapeutics Holding | New | 0.66% | +0.66 |
| GAN Gan Ltd. | New | 0.51% | +0.51 |
| DPSI Decisionpoint Systems Inc. | New | 0.40% | +0.40 |
| ASXC Asensus Surgical Inc. | New | 0.31% | +0.31 |
| IAG Iamgold Corp. | New | 0.31% | +0.31 |
| CSLMF CSLM Acquisition Corp. | Add +5.5% | 1.07% | +0.22 |
| ALLGF Allego NV | New | 0.21% | +0.21 |
| BARCLAYS BANK PLC | New | 0.20% | +0.20 |
| RFAIU RF Acquisition Corp. II | New | 0.18% | +0.18 |
| PTON Peloton Interactive Inc. Class A | New | 0.09% | +0.09 |
| BEST Best Inc. - ADR | New | 0.07% | +0.07 |
| BATL Battalion Oil Corp. | Add +3.3% | 0.60% | −0.24 |
Options Activity Q1 2024 → Q2 2024
| SCZ iShares MSCI Eafe Small-Cap | put | New | 110,000 | $6.2M |
| EQX Equinox Gold Corp. | put | New | 55,000 | $5.8M |
| BABA Alibaba Group Holding-SP ADR | put | New | 36,000 | $1.9M |
| POST Post Holdings Inc. | put | New | 20,000 | $1.5M |
| MCHP Microchip Technology Inc. | put | New | 19,500 | $1.3M |
| STX Seagate Technology Holdings | put | New | 13,000 | $981K |
| ITRI Itron Inc. | put | New | 8,400 | $608K |
| BB Blackberry Ltd. | put | New | 75,000 | $136K |
| PTON Peloton Interactive Inc. Class A | put | New | 49,000 | $121K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | New | 5,000,000 | $8.7M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | New | 6,000,000 | $6.6M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | New | 3,000,000 | $3.0M |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | New | 46,600 | $405K |
| APCA.WS Ap Acquisition Corp.-A -23 | *W EXP 12/07/202 | Sold out | 15,000 | $600before exit |
| PUCKW Goal Acquisitions Corp.-CW | *W EXP 99/99/999 | Sold out | 20,000 | $126before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.