Crystalline Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Crystalline Management Inc. reported 36 stock positions worth $44.5 million. Its top holding was Gatos Silver (GATO) at 9.2% of the portfolio, followed by Mountain & Co. I Acquisition (MCAA, 9.2%) and Learn CW Investment Class A (LCW, 8.6%). Compared with Q2 2024, it opened 24 new positions, sold out of 31, added to 3 and reduced 5. The biggest buy was a new position in Gatos Silver (GATO) and the biggest sale an exit from Tortoiseecofin Acquisition-A (TRTLF).
- Most Recent 13F
- Q3 2024
- Location
- Montreal, Quebec, Z4
- CIK
- 0001891834
- Portfolio Value
- $44.5M (Q3 2024)
- SEC Filing
- 0001891834-24-000005 ↗ filed Nov 8, 2024
Holdings Value
Holdings 36 stocks · $44.5M
| GATO Gatos Silver Inc. | 9.20% | 261,114 | $4.1M | New |
| MCAA Mountain & Co. I Acquisition | 9.19% | 349,401 | $4.1M | No change |
| LCW Learn CW Investment Corp. Class A | 8.64% | 350,000 | $3.8M | Add +600.0% |
| TLGYF TLGY Acquisition Corp. Class A | 4.35% | 167,958 | $1.9M | Reduce -42.7% |
| PETQ Petiq Inc. | 4.15% | 60,000 | $1.8M | New |
| OAKU Oak Woods Acquisition Corp. Class A | 4.10% | 164,069 | $1.8M | New |
| LATG Chenghe Acquisition I Co. | 4.03% | 155,000 | $1.8M | New |
| AAN The Aaron's Co. Inc. filed as THE AARONS COMPANY INC | 3.96% | 177,122 | $1.8M | Add +131.0% |
| FRLA Fortune Rise Acquisition Cor | 3.83% | 150,000 | $1.7M | No change |
| PRFT Perficient Inc. | 3.39% | 20,000 | $1.5M | New |
| SMAR Smartsheet Inc. Class A | 3.11% | 25,000 | $1.4M | New |
| EVBN Evans Bancorp Inc. | 3.10% | 35,416 | $1.4M | New |
| GMFI Aetherium Acquisition Corp. Class A | 3.05% | 125,000 | $1.4M | New |
| NVEI Nuvei Corp.-Subordinate VTG | 2.81% | 37,533 | $1.3M | No change |
| ITI Iteris Inc. | 2.70% | 168,622 | $1.2M | New |
| MSSAF Metal SKY Star Acquisition C | 2.70% | 104,915 | $1.2M | Add +6.6% |
| EMCGF Embrace Change Acquisition C | 2.58% | 100,000 | $1.1M | Reduce -36.1% |
| TELL Tellurian Inc. | 2.41% | 1,106,403 | $1.1M | New |
| HCVI Hennessy Capital Invest Class A | 2.39% | 100,000 | $1.1M | New |
| RCM R1 RCM Inc. | 2.08% | 65,401 | $927K | New |
| SRCL Stericycle Inc. | 2.06% | 15,000 | $915K | New |
| INST Instructure Holdings Inc. | 1.85% | 35,019 | $825K | New |
| MNTX Manitex International Inc. | 1.62% | 127,887 | $720K | New |
| AXONICS INC | 1.56% | 10,000 | $696K | Reduce -66.7% |
| BATL Battalion Oil Corp. | 1.50% | 100,000 | $667K | Reduce -0.1% |
| AUGX Augmedix Inc. | 1.41% | 266,614 | $627K | New |
| ENV Envestnet Inc. | 1.41% | 10,000 | $626K | New |
| SQSP Squarespace Inc. Class A | 1.30% | 12,463 | $579K | New |
| VGR Vector Group Ltd. | 1.27% | 37,881 | $565K | New |
| CPTN Cepton Inc. | 0.83% | 119,086 | $372K | New |
| VBFC Village Bank and Trust Finan | 0.78% | 4,538 | $346K | New |
| GAN Gan Ltd. | 0.75% | 189,752 | $336K | No change |
| CNGL Canna-Global Acquisitio Class A | 0.72% | 29,298 | $322K | Reduce -41.6% |
| ARC Arc Document Solutions Inc. | 0.57% | 75,028 | $254K | New |
| SWN Southwestern Energy Co. | 0.48% | 30,000 | $213K | New |
| SEQUANS COMMUNICATIONS S A | 0.11% | 40,000 | $48K | New |
Options reported separately and not counted above: HYG puts ($6.5M), BABA puts ($2.4M), F puts ($1.6M), RIVN puts ($622K), DNB calls ($596K), DNB puts ($596K), RIVN calls ($581K), GDXJ puts ($541K), ASTL calls ($527K), TLT puts ($435K), PTON puts ($346K).
Other holdings (36): bonds, preferreds, convertibles and warrants · $52.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 7,500,000 | $8.9M | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 5,035,000 | $8.0M | Add +65.9% |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 5,500,000 | $7.9M | No change |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 4,000,000 | $7.5M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 6,000,000 | $7.2M | No change |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 5,500,000 | $5.4M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 5,000,000 | $4.9M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 3,000,000 | $2.7M | No change |
| ASCRF A Spac II Acquisition-Right | RIGHT 10/15/2026 | 50,000 | $25K | No change |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 200,000 | $24K | No change |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 94,900 | $18K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 80,000 | $12K | No change |
| GLSTR Global Star Acquisition-RTS | RIGHT 99/99/9999 | 80,000 | $10K | No change |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | 75,000 | $9K | No change |
| BNIXR Bannix Acquisition Corp.-RTS | RIGHT 07/31/2026 | 85,000 | $8K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 40,000 | $6K | Reduce -20.0% |
| DISTW Distoken Acquisition Corp.-28 | *W EXP 11/30/202 | 200,000 | $5K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 13,975 | $4K | No change |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | 12,500 | $3K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 94,900 | $3K | No change |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 59,700 | $3K | Reduce -0.5% |
| AITRR AI Transportation Acquis-RTS | RIGHT 09/01/2028 | 14,998 | $2K | Reduce -0.0% |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 12,500 | $2K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 40,000 | $2K | No change |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | 85,000 | $2K | No change |
| GLSTW Global Star Acquisition-27 A | *W EXP 07/15/202 | 80,000 | $2K | No change |
| SVUWF Srivaru Holding Ltd.-28 | *W EXP 12/08/202 | 75,000 | $1K | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 25,000 | $1K | No change |
| ASCWF A Spac II Acquisition -CW27 | *W EXP 10/15/202 | 50,000 | $930 | No change |
| GRDIW Griid Infrastructure Inc.-28 | *W EXP 12/29/202 | 24,300 | $814 | No change |
| BENFW Beneficient Co. Group -28 | *W EXP 06/07/202 | 86,250 | $742 | No change |
| MCAAW Mountain & Co. I Acq -CW23 | *W EXP 09/30/202 | 50,000 | $663 | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 20,000 | $618 | No change |
| ONYXW Onyx Acq Co. I Class A -CW23 | *W EXP 11/30/202 | 50,000 | $565 | No change |
| EMCWF Embrace Change Acquisitio-26 | *W EXP 10/25/202 | 37,000 | $544 | No change |
| PUCKW Goal Acquisitions Corp.-CW | *W EXP 99/99/999 | 20,000 | $290 | New |
Total filed on the 13F, all lines: $97.1M.
Portfolio Sells Q2 2024 → Q3 2024
| TRTLF Tortoiseecofin Acquisition-A | Sold out | 0.00% | −9.06 |
| RRACF Rigel Resource Acquisit Class A | Sold out | 0.00% | −8.19 |
| MONTEREY CAP ACQUISITION COR | Sold out | 0.00% | −7.36 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −4.69 |
| IXAQF Ix Acquisition Corp. Class A | Sold out | 0.00% | −4.12 |
| GODN Golden Star Acquisition Corp. | Sold out | 0.00% | −3.91 |
| OCAX Oca Acquisition Corp. Class A | Sold out | 0.00% | −3.89 |
| BWAQ Blue World Acquisition Corp. | Sold out | 0.00% | −2.87 |
| DOMA Doma Holdings Inc. | Sold out | 0.00% | −2.30 |
| NWLI National Western Life Grou-A | Sold out | 0.00% | −2.25 |
| FREE Whole Earth Brands Inc. | Sold out | 0.00% | −2.18 |
| AXONICS INC | Reduce -66.7% | 1.56% | −2.08 |
| TCOA Zalatoris Acquisition Corp. | Sold out | 0.00% | −1.92 |
| EVBG Everbridge Inc. | Sold out | 0.00% | −1.81 |
| OVERSEAS SHIPHOLDING GROUP-A | Sold out | 0.00% | −1.80 |
| MCBC Macatawa Bank Corp. | Sold out | 0.00% | −1.78 |
| VCXB 10X Capital Venture Acquis-A | Sold out | 0.00% | −1.74 |
| TLGYF TLGY Acquisition Corp. Class A | Reduce -42.7% | 4.35% | −1.71 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −1.42 |
| HES Hess Corp. | Sold out | 0.00% | −1.19 |
| TSRI TSR Inc. | Sold out | 0.00% | −1.08 |
| CSLMF CSLM Acquisition Corp. | Sold out | 0.00% | −1.07 |
| CERE Cerevel Therapeutics Holding | Sold out | 0.00% | −0.66 |
| EMCGF Embrace Change Acquisition C | Reduce -36.1% | 2.58% | −0.60 |
| CLOE Clover Leaf Capital Corp. Class A | Sold out | 0.00% | −0.52 |
| NFSCF Enphys Acquisition Corp. | Sold out | 0.00% | −0.50 |
| DPSI Decisionpoint Systems Inc. | Sold out | 0.00% | −0.40 |
| ASXC Asensus Surgical Inc. | Sold out | 0.00% | −0.31 |
| IAG Iamgold Corp. | Sold out | 0.00% | −0.31 |
| CNGL Canna-Global Acquisitio Class A | Reduce -41.6% | 0.72% | −0.22 |
| ALLGF Allego NV | Sold out | 0.00% | −0.21 |
| BARCLAYS BANK PLC | Sold out | 0.00% | −0.20 |
| RFAIU RF Acquisition Corp. II | Sold out | 0.00% | −0.18 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −0.09 |
| BEST Best Inc. - ADR | Sold out | 0.00% | −0.07 |
| BATL Battalion Oil Corp. | Reduce -0.1% | 1.50% | +0.89 |
Portfolio Buys Q2 2024 → Q3 2024
| GATO Gatos Silver Inc. | New | 9.20% | +9.20 |
| LCW Learn CW Investment Corp. Class A | Add +600.0% | 8.64% | +7.65 |
| PETQ Petiq Inc. | New | 4.15% | +4.15 |
| OAKU Oak Woods Acquisition Corp. Class A | New | 4.10% | +4.10 |
| LATG Chenghe Acquisition I Co. | New | 4.03% | +4.03 |
| PRFT Perficient Inc. | New | 3.39% | +3.39 |
| SMAR Smartsheet Inc. Class A | New | 3.11% | +3.11 |
| EVBN Evans Bancorp Inc. | New | 3.10% | +3.10 |
| GMFI Aetherium Acquisition Corp. Class A | New | 3.05% | +3.05 |
| ITI Iteris Inc. | New | 2.70% | +2.70 |
| AAN The Aaron's Co. Inc. | Add +131.0% | 3.96% | +2.58 |
| TELL Tellurian Inc. | New | 2.41% | +2.41 |
| HCVI Hennessy Capital Invest Class A | New | 2.39% | +2.39 |
| RCM R1 RCM Inc. | New | 2.08% | +2.08 |
| SRCL Stericycle Inc. | New | 2.06% | +2.06 |
| INST Instructure Holdings Inc. | New | 1.85% | +1.85 |
| MNTX Manitex International Inc. | New | 1.62% | +1.62 |
| AUGX Augmedix Inc. | New | 1.41% | +1.41 |
| ENV Envestnet Inc. | New | 1.41% | +1.41 |
| SQSP Squarespace Inc. Class A | New | 1.30% | +1.30 |
| VGR Vector Group Ltd. | New | 1.27% | +1.27 |
| CPTN Cepton Inc. | New | 0.83% | +0.83 |
| VBFC Village Bank and Trust Finan | New | 0.78% | +0.78 |
| MSSAF Metal SKY Star Acquisition C | Add +6.6% | 2.70% | +0.68 |
| ARC Arc Document Solutions Inc. | New | 0.57% | +0.57 |
| SWN Southwestern Energy Co. | New | 0.48% | +0.48 |
| SEQUANS COMMUNICATIONS S A | New | 0.11% | +0.11 |
Options Activity Q2 2024 → Q3 2024
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 110,000 | $6.5M |
| SCZ iShares MSCI Eafe Small-Cap | put | Sold out | 110,000 | $6.2Mbefore exit |
| EQX Equinox Gold Corp. | put | Sold out | 55,000 | $5.8Mbefore exit |
| BABA Alibaba Group Holding-SP ADR | put | Reduce -16.7% | 30,000 | $2.4M |
| F Ford Motor Co. | put | New | 200,000 | $1.6M |
| POST Post Holdings Inc. | put | Sold out | 20,000 | $1.5Mbefore exit |
| MCHP Microchip Technology Inc. | put | Sold out | 19,500 | $1.3Mbefore exit |
| STX Seagate Technology Holdings | put | Sold out | 13,000 | $981Kbefore exit |
| RIVN Rivian Automotive Inc. Class A | put | New | 70,000 | $622K |
| ITRI Itron Inc. | put | Sold out | 8,400 | $608Kbefore exit |
| DNB Dun & Bradstreet Holdings Inc. | call | New | 70,000 | $596K |
| DNB Dun & Bradstreet Holdings Inc. | put | New | 70,000 | $596K |
| RIVN Rivian Automotive Inc. Class A | call | New | 75,000 | $581K |
| GDXJ Vaneck Junior Gold Miners | put | New | 15,000 | $541K |
| ASTL Algoma Steel Group Inc. | call | New | 69,700 | $527K |
| TLT iShares 20+ Year Treasury BD | put | New | 6,000 | $435K |
| PTON Peloton Interactive Inc. Class A | put | Add +104.1% | 100,000 | $346K |
| BB Blackberry Ltd. | put | Sold out | 75,000 | $136Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | New | 7,500,000 | $8.9M |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | Sold out | 5,000,000 | $8.7Mbefore exit |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Add +65.9% | 5,035,000 | $8.0M |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | New | 4,000,000 | $7.5M |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | New | 5,500,000 | $5.4M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | New | 5,000,000 | $4.9M |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | Sold out | 46,600 | $405Kbefore exit |
| CETUR Cetus Capital Acquisition Co. | RIGHT 03/31/2024 | Sold out | 85,000 | $21Kbefore exit |
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | Sold out | 150,000 | $17Kbefore exit |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | Sold out | 14,047 | $16Kbefore exit |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | Reduce -20.0% | 40,000 | $6K |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | Sold out | 37,000 | $5Kbefore exit |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | Reduce -0.5% | 59,700 | $3K |
| CETUW Cetus Capital Acquisition-28 | *W EXP 01/31/202 | Sold out | 85,000 | $3Kbefore exit |
| AITRR AI Transportation Acquis-RTS | RIGHT 09/01/2028 | Reduce -0.0% | 14,998 | $2K |
| BITE.WS Bite Acquisition Corp. -CW27 | *W EXP 02/12/203 | Sold out | 32,500 | $2Kbefore exit |
| MACAW Moringa Acquisition Cor-CW26 | *W EXP 02/22/202 | Sold out | 12,500 | $1Kbefore exit |
| PUCKW Goal Acquisitions Corp.-CW | *W EXP 99/99/999 | New | 20,000 | $290 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.