CSS LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), CSS LLC reported 472 stock positions worth $537.1 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 3.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 3.0%) and iShares Gold Trust (IAU, 2.1%). Compared with Q1 2025, it opened 133 new positions, sold out of 121, added to 146 and reduced 153. The biggest buy was a new position in Blueprint Medicines (BPMC) and the biggest sale Axon Enterprise (AXON, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001103646
- Portfolio Value
- $537.1M (Q2 2025)
- SEC Filing
- 0001085146-25-005235 ↗ filed Aug 14, 2025
Holdings Value
Holdings 472 stocks · $537.1M
| RSP Invesco S&P 500 Equal Weight | 3.01% | 88,932 | $16.2M | Reduce -10.2% |
| VOO Vanguard S&P 500 ETF | 2.96% | 27,990 | $15.9M | Reduce -58.0% |
| IAU iShares Gold Trust | 2.05% | 176,840 | $11.0M | Add +1.4% |
| STEW SRH Total Return Fund Inc. | 1.52% | 461,785 | $8.2M | Reduce -26.1% |
| BPMC Blueprint Medicines Corp. | 1.43% | 59,886 | $7.7M | New |
| AZEK The Azek Co. Inc. | 1.33% | 131,073 | $7.1M | New |
| TACH Titan Acquisition Corp. Class A | 1.28% | 683,268 | $6.9M | New |
| WENNU Wen Acquisition Corp. | 1.26% | 641,531 | $6.8M | New |
| SOFI Sofi Technologies Inc. | 1.08% | 318,513 | $5.8M | Reduce -3.5% |
| RDAG Republic Digital Acquis Class A | 1.03% | 540,782 | $5.5M | New |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.99% | 205,764 | $5.3M | Add +2.0% |
| XJEQX Abrdn Japan Equity Fund Inc. | 0.96% | 684,964 | $5.2M | Add +52.8% |
| IPCX Inflection Point Acquisiti-A | 0.86% | 454,422 | $4.6M | New |
| MXE Mexico Equity and Income FD | 0.86% | 439,243 | $4.6M | No change |
| CAEP Cantor Equity Partners III-A | 0.77% | 392,663 | $4.1M | New |
| PARAA Paramount Global Class B | 0.77% | 320,095 | $4.1M | Add +62.4% |
| AXON Axon Enterprise Inc. | 0.76% | 4,934 | $4.1M | Reduce -89.6% |
| K Kellanova | 0.76% | 51,332 | $4.1M | Add +265.3% |
| LPBB Launch Two Acquisition Class A | 0.73% | 378,620 | $3.9M | No change |
| RAAQ Real Asset Acquisiti Class A | 0.72% | 382,974 | $3.9M | New |
| BRR Columbus Circle Capital Co. Class A | 0.71% | 356,720 | $3.8M | New |
| CTA Simplify Managed Futures St | 0.70% | 140,635 | $3.8M | Add +13.1% |
| DVN Devon Energy Corp. | 0.66% | 111,185 | $3.5M | Add +36.6% |
| IBIT iShares Bitcoin Trust ETF | 0.65% | 57,220 | $3.5M | Reduce -1.2% |
| AVES Avantis Emerging Markets Val | 0.63% | 62,973 | $3.4M | Add +5.3% |
| SWZ Total Return Securities Fund | 0.62% | 524,928 | $3.3M | Add +39.0% |
| LLYVA Liberty Media Corp.-Liberty-A | 0.62% | 41,755 | $3.3M | No change |
| COP Conocophillips | 0.60% | 35,961 | $3.2M | Add +126.9% |
| FIGXU Figx Capital Acquisition Cor | 0.56% | 300,000 | $3.0M | New |
| AVUV Avantis US Small Cap Value | 0.56% | 32,860 | $3.0M | Add +5.7% |
| DBC Invesco DB Commodity Index T | 0.54% | 132,642 | $2.9M | Add +6.4% |
| CHPGU Championsgate Acquisition Co. | 0.52% | 273,138 | $2.8M | New |
| INSM Insmed Inc. | 0.51% | 27,375 | $2.8M | New |
| CEPT Cantor Equity Partners Class A | 0.51% | 248,047 | $2.7M | New |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 0.51% | 268,652 | $2.7M | New |
| EWJV iShares MSCI Japan Value ETF | 0.50% | 77,582 | $2.7M | Add +6.4% |
| CCRN Cross Country Healthcare Inc. | 0.50% | 205,937 | $2.7M | Reduce -5.4% |
| FERA Fifth Era Acquisition Corp. Class A | 0.50% | 264,731 | $2.7M | New |
| XRSFX Rivernorth Capital & Income | 0.49% | 180,815 | $2.6M | Add +33.8% |
| CRAQ Cal Redwood Acquisit Class A | 0.47% | 255,600 | $2.5M | New |
| PEO Adams Natural Resources Fund | 0.47% | 119,193 | $2.5M | Reduce -2.7% |
| BP BP PLC-Spons ADR | 0.47% | 84,530 | $2.5M | Add +192.6% |
| GLD SPDR Gold Shares | 0.47% | 8,292 | $2.5M | Reduce -38.6% |
| LNSR Lensar Inc. | 0.45% | 183,070 | $2.4M | Add +751.5% |
| PACHU Pioneer Acquisition I Corp. | 0.45% | 240,212 | $2.4M | New |
| VST Vistra Corp. | 0.45% | 12,360 | $2.4M | Reduce -17.2% |
| T AT&T Inc. | 0.44% | 80,829 | $2.3M | Add +36.8% |
| OSIS Osi Systems Inc. | 0.43% | 10,296 | $2.3M | Add +8.7% |
| IVLU iShares MSCI International V | 0.43% | 70,300 | $2.3M | No change |
| XPHTX Pioneer High Income Fund | 0.42% | 278,444 | $2.3M | New |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.42% | 50,167 | $2.2M | Add +0.1% |
| RKLB Rocket Lab Corp. | 0.41% | 62,027 | $2.2M | Add +16.4% |
| RDFN Redfin Corp. | 0.40% | 193,471 | $2.2M | New |
| HES Hess Corp. | 0.40% | 15,500 | $2.1M | Reduce -11.4% |
| GAM General American Investors | 0.39% | 37,596 | $2.1M | Reduce -7.6% |
| CORZ Core Scientific Inc. | 0.39% | 122,951 | $2.1M | Add +35.5% |
| C Citigroup Inc. | 0.38% | 24,198 | $2.1M | Reduce -9.4% |
| TAP Molson Coors Beverage Co. Class B | 0.38% | 42,727 | $2.1M | Add +26.7% |
| CET Central Securities Corp. | 0.38% | 42,607 | $2.0M | No change |
| CHINA FUND INC | 0.38% | 135,947 | $2.0M | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.36% | 190,921 | $1.9M | New |
| GPOR Gulfport Energy Corp. | 0.35% | 9,440 | $1.9M | Reduce -9.2% |
| FANG Diamondback Energy Inc. | 0.35% | 13,690 | $1.9M | Reduce -17.1% |
| HAL Halliburton Co. | 0.34% | 90,670 | $1.8M | New |
| SPE Special Opportunities Fund | 0.34% | 118,279 | $1.8M | Reduce -29.5% |
| ALE Allete Inc. | 0.34% | 28,542 | $1.8M | Add +21.2% |
| MRK Merck & Co. Inc. | 0.34% | 22,965 | $1.8M | Add +29.2% |
| BCS Barclays PLC-Spons ADR | 0.34% | 97,551 | $1.8M | Reduce -9.3% |
| KMLM Kraneshares MT LC MN FT Id S | 0.34% | 68,687 | $1.8M | Add +6.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.33% | 19,690 | $1.8M | Add +11.4% |
| SNX TD Synnex Corp. | 0.33% | 12,916 | $1.8M | Add +9.0% |
| DFIV Dimensional International Va | 0.32% | 40,350 | $1.7M | No change |
| MO Altria Group Inc. | 0.32% | 29,410 | $1.7M | Add +7.3% |
| EVRI Everi Holdings Inc. | 0.32% | 119,665 | $1.7M | Add +13.6% |
| SHEL Shell PLC-ADR | 0.31% | 23,859 | $1.7M | Add +55.8% |
| HPE Hewlett Packard Enterprise | 0.31% | 81,702 | $1.7M | Reduce -5.6% |
| OVV Ovintiv Inc. | 0.31% | 43,806 | $1.7M | Reduce -26.0% |
| IVZ Invesco Ltd. | 0.31% | 103,977 | $1.6M | Add +34.1% |
| WBA Walgreens Boots Alliance Inc. | 0.30% | 142,688 | $1.6M | Add +4.1% |
| CNC Centene Corp. | 0.30% | 30,122 | $1.6M | Add +29.2% |
| MDT Medtronic PLC | 0.30% | 18,290 | $1.6M | Add +20.8% |
| ZTR Virtus Total Return Fund Inc. | 0.29% | 251,963 | $1.6M | Add +10.2% |
| FOX Fox Corp. Class B | 0.29% | 30,345 | $1.6M | Add +4.6% |
| STT State Street Corp. | 0.29% | 14,534 | $1.5M | Add +2.5% |
| COF Capital One Financial Corp. | 0.29% | 7,246 | $1.5M | Reduce -3.3% |
| CMCSA Comcast Corp. Class A | 0.29% | 42,978 | $1.5M | Reduce -7.2% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 32,960 | $1.5M | Add +22.0% |
| SSNC Ss&c Technologies Holdings | 0.28% | 18,330 | $1.5M | Add +34.4% |
| AMAT Applied Materials Inc. | 0.28% | 8,250 | $1.5M | Add +8.6% |
| BTX BlackRock Tech & Priv Eqty | 0.28% | 202,841 | $1.5M | Reduce -71.7% |
| JNJ Johnson & Johnson | 0.28% | 9,727 | $1.5M | Reduce -3.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.27% | 42,409 | $1.4M | New |
| TNL Travel + Leisure Co. | 0.27% | 27,605 | $1.4M | Add +29.0% |
| ADBE Adobe Inc. | 0.26% | 3,670 | $1.4M | Add +10.5% |
| SPR Spirit Aerosystems Hold Class A | 0.26% | 37,130 | $1.4M | Add +195.9% |
| SMR Nuscale Power Corp. | 0.26% | 35,702 | $1.4M | No change |
| ALSN Allison Transmission Holding | 0.26% | 14,650 | $1.4M | Add +16.4% |
| CHRD Chord Energy Corp. | 0.26% | 14,350 | $1.4M | Reduce -33.7% |
| GPN Global Payments Inc. | 0.26% | 17,294 | $1.4M | Add +22.3% |
| CMI Cummins Inc. | 0.26% | 4,190 | $1.4M | Add +12.6% |
Options reported separately and not counted above: MSTR puts ($110.6M), SPY calls ($45.7M), GME puts ($35.1M), SPY puts ($29.7M), NEE calls ($16.6M), TLT calls ($16.2M), SANDISK CORP puts ($15.0M), AAL puts ($14.2M), BPMC puts ($12.1M), SOFI puts ($9.6M), ARKK calls ($9.4M), IWP puts ($8.6M), and 268 more.
Other holdings (201): bonds, preferreds, convertibles and warrants · $1.0B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 27,274,000 | $75.9M | No change |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 57,350,000 | $58.0M | Add +27.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 52,050,000 | $52.6M | Add +7.2% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 34,474,000 | $43.5M | Add +62.1% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 19,458,000 | $35.0M | Add +303.1% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 400,466 | $33.0M | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 33,299,000 | $32.3M | No change |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 14,897,000 | $32.0M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 761,694 | $30.3M | Add +14559.2% |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 22,650,000 | $25.5M | Add +3.0% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 24,016,000 | $23.2M | Add +27.2% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 16,041,000 | $22.9M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 18,894 | $22.9M | Add +5076.4% |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 21,322,000 | $22.7M | Add +53.5% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 21,018,000 | $21.7M | Reduce -16.0% |
| TRAVERE THERAPEUTICS INC (TVTX 2.5 09/15/25) | NOTE 2.500% 9/1 · principal | 21,110,000 | $20.9M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 10,400,000 | $19.6M | Reduce -32.5% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 14,250,000 | $19.2M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 16,976,000 | $19.1M | New |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 16,000,000 | $18.5M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 16,550,000 | $17.9M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 11,584,000 | $17.8M | Add +313.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 17,700,000 | $17.5M | Add +1006.3% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 280,532 | $17.3M | Reduce -4.1% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 1,460,400 | $15.8M | Add +59.1% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 12,500,000 | $15.6M | Add +78.6% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 558,219 | $14.2M | Add +88.2% |
| MANNKIND CORP (MNKD 2.5 03/01/26) | NOTE 2.500% 3/0 · principal | 13,980,000 | $14.1M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 13,600,000 | $14.1M | New |
| TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *) | DEB 4.000%12/1 · principal | 13,678,000 | $13.7M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 10,282,000 | $11.7M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 10,000,000 | $11.3M | Add +100.0% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 10,212,000 | $10.3M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 8,500,000 | $9.9M | Add +750.0% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 13,160,000 | $9.4M | Add +39.9% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 61,491 | $7.1M | New |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | 285,886 | $7.1M | Add +0.1% |
| CANADIAN SOLAR INC (CSIQ 2.5 10/01/25) | NOTE 2.500%10/0 · principal | 6,732,000 | $6.6M | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 5,250,000 | $6.6M | Reduce -61.1% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 5,000,000 | $6.5M | New |
| BROOKDALE SENIOR LIVING (BKD 2 10/15/26) | NOTE 2.000%10/1 · principal | 5,632,000 | $5.9M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 6,238,000 | $5.8M | Add +38.6% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 6,642,000 | $5.7M | Add +7.3% |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 4,460,000 | $5.5M | Reduce -35.9% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 2,977,000 | $5.3M | Reduce -20.1% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 4,500,000 | $5.2M | New |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 4,985,000 | $5.0M | Reduce -5.8% |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 798,189 | $5.0M | Add +1178.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 5,150,000 | $4.9M | New |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 3,525,000 | $4.6M | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 7,000,000 | $4.4M | No change |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 4,319,000 | $4.3M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 3,604,000 | $4.3M | Reduce -78.8% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 4,000,000 | $4.0M | Add +300.0% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 2,500,000 | $4.0M | New |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 125,617 | $3.9M | Add +402.6% |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 3,000,000 | $3.9M | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,150,000 | $3.8M | Reduce -65.0% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 60,767 | $3.7M | New |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 · principal | 3,755,000 | $3.7M | Reduce -34.8% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 72,982 | $3.6M | Add +42.0% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 5,950,000 | $3.5M | Add +138.0% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 3,500,000 | $3.5M | Reduce -50.0% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 3,385,000 | $3.4M | New |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 3,200,000 | $3.2M | Add +28.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 3,000,000 | $3.0M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,905,000 | $2.7M | Reduce -25.6% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 3,000,000 | $2.7M | Add +200.0% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 2,500,000 | $2.7M | New |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 2,500,000 | $2.5M | Reduce -96.3% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 3,032,000 | $2.4M | Add +51.6% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 2,500,000 | $2.3M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 28,295 | $2.1M | Reduce -85.9% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 313,956 | $2.0M | Reduce -22.6% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 2,000,000 | $1.9M | Reduce -60.0% |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 1,476,000 | $1.8M | Reduce -65.7% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 29,831 | $1.8M | Reduce -78.2% |
| APPLIED OPTOELECTRONICS (AAOI 5.25 12/15/26) | NOTE 5.250%12/1 · principal | 1,000,000 | $1.7M | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 203,925 | $1.6M | New |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 5,939,000 | $1.5M | Add +69.7% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 2,000,000 | $1.5M | New |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 754,064 | $1.3M | Reduce -45.8% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,000,000 | $1.3M | Reduce -79.0% |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 4,900,000 | $1.2M | New |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 1,336,000 | $1.2M | No change |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 1,500,000 | $1.1M | New |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 11,233 | $1.0M | Reduce -0.8% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 1,000,000 | $976K | New |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 1,515,312 | $970K | Reduce -28.1% |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 554,725 | $921K | New |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 185,843 | $795K | Reduce -74.6% |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 13,355 | $774K | Add +20.1% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 3,000,000 | $749K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 31,991 | $663K | Reduce -9.3% |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 647,000 | $631K | No change |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 190,786 | $616K | Add +666.8% |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 471,000 | $469K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 1,548,361 | $464K | Add +140.6% |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | 230,096 | $460K | Reduce -37.0% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 377,000 | $431K | New |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 1,150,288 | $426K | New |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 950,373 | $418K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 1,311,024 | $380K | Add +8.8% |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 84,492 | $341K | New |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 5,813,000 | $332K | No change |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 152,044 | $303K | Reduce -11.5% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 300,000 | $295K | New |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 300,000 | $291K | No change |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 123,216 | $290K | Reduce -89.6% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 371,141 | $267K | New |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 663,814 | $264K | Add +96.5% |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 830,457 | $257K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 840,199 | $252K | Add +0.0% |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 431,688 | $237K | Add +34.2% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 213,466 | $235K | Add +1.1% |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 472,155 | $227K | No change |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 50,391 | $219K | New |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 532,646 | $216K | Add +29.8% |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 402,810 | $209K | No change |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 836,078 | $202K | No change |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 111,218 | $189K | New |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 45,442 | $181K | New |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 655,424 | $177K | Add +0.3% |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 225,000 | $176K | Reduce -55.0% |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 588,537 | $147K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 318,787 | $147K | New |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 203,099 | $144K | Add +10.9% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 394,899 | $143K | No change |
| NXATW K Wave Media Ltd.-28 | *W EXP 05/14/203 | 910,853 | $124K | New |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 246,166 | $121K | New |
| USA RARE EARTH INC | *W EXP 03/13/203 | 49,533 | $118K | Reduce -10.7% |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 375,778 | $113K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 833,864 | $113K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 443,780 | $111K | Add +3.7% |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | 13,948 | $109K | New |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 90,471 | $109K | Reduce -21.6% |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 110,427 | $102K | Add +84.1% |
| CIFRW Cipher Mining Inc. | *W EXP 08/27/202 | 131,208 | $99K | Reduce -44.2% |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 298,805 | $97K | New |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 30,780 | $95K | Reduce -35.0% |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 35,130 | $95K | New |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 33,473 | $94K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 335,762 | $91K | Add +8.4% |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 35,847 | $85K | Reduce -30.2% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 23,075 | $84K | New |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 307,110 | $84K | No change |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 97,533 | $81K | New |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 98,401 | $78K | New |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 372,908 | $75K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 271,579 | $73K | New |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 140,625 | $70K | No change |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 32,500 | $66K | New |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 226,262 | $64K | New |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 184,594 | $63K | Reduce -38.9% |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 265,398 | $62K | Add +26.1% |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 87,453 | $61K | New |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 59,000 | $61K | Reduce -99.6% |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 25,245 | $58K | Reduce -57.6% |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 20,000 | $56K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 220,835 | $53K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 158,948 | $52K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 251,454 | $49K | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 53,000 | $48K | New |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 275,000 | $47K | No change |
| ABLLW East Resources Acquis -CW27 | *W EXP 06/30/202 | 39,200 | $44K | New |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 16,662 | $40K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 262,100 | $39K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 748,037 | $38K | Add +74.8% |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 134,326 | $36K | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 100,000 | $36K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 13,960 | $31K | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 32,000 | $31K | New |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 31,000 | $31K | New |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 34,500 | $29K | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 28,000 | $29K | New |
| RIVERNORTH CAPITAL AND INCOM | RIGHT 07/07/2025 | 45,928 | $25K | New |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 500,179 | $24K | Reduce -4.1% |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | 11,290 | $22K | No change |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 100,000 | $19K | New |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 55,158 | $19K | Reduce -90.0% |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 60,034 | $16K | New |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 | 39,447 | $16K | New |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 49,400 | $15K | No change |
| GCLWW GCL Global Holdings-A -CW26 | *W EXP 02/13/203 | 150,000 | $14K | No change |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 25,656 | $10K | Reduce -17.4% |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 54,656 | $9K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 10,006 | $9K | New |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 | 37,179 | $8K | No change |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 25,000 | $7K | New |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 56,761 | $6K | No change |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 17,772 | $6K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 91,835 | $6K | New |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 51,000 | $6K | No change |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 40,000 | $3K | New |
| AIIOW NWTN Inc. -CW27 | *W EXP 11/11/202 | 27,550 | $3K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 36,478 | $3K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 39,487 | $3K | New |
| COEPW Bull Horn Holdings Corp.-CW25 | *W EXP 10/28/202 | 38,848 | $2K | No change |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 20,000 | $506 | No change |
| MYPSW Playstudios Inc. -CW26 | *W EXP 99/99/999 | 37,725 | $498 | No change |
Largest 200 of 201 shown.
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q1 2025 → Q2 2025
| AXON Axon Enterprise Inc. | Reduce -89.6% | 0.76% | −4.23 |
| VOO Vanguard S&P 500 ETF | Reduce -58.0% | 2.96% | −3.89 |
| ATII Archimedes Tech Spac Partner | Reduce -93.9% | 0.10% | −1.56 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.89 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.76 |
| ML Moneylion Inc. | Sold out | 0.00% | −0.75 |
| STEW SRH Total Return Fund Inc. | Reduce -26.1% | 1.52% | −0.64 |
| BTX BlackRock Tech & Priv Eqty | Reduce -71.7% | 0.28% | −0.62 |
| JNPR Juniper Networks Inc. | Reduce -92.1% | 0.04% | −0.44 |
| EVBN Evans Bancorp Inc. | Sold out | 0.00% | −0.44 |
| RSP Invesco S&P 500 Equal Weight | Reduce -10.2% | 3.01% | −0.43 |
| FBMS First Bancshares Inc. | Sold out | 0.00% | −0.42 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.42 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.41 |
| FNA Paragon 28 Inc. | Sold out | 0.00% | −0.37 |
| CVE Cenovus Energy Inc. | Reduce -61.8% | 0.20% | −0.37 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −0.37 |
| GLD SPDR Gold Shares | Reduce -38.6% | 0.47% | −0.31 |
| CTRA Coterra Energy Inc. | Reduce -48.9% | 0.22% | −0.31 |
| WEX Wex Inc. | Sold out | 0.00% | −0.30 |
| FFNW First Financial Northwest | Sold out | 0.00% | −0.30 |
| PR Permian Resources Corp. Class A | Reduce -99.7% | 0.00% | −0.26 |
| TBNK Territorial Bancorp Inc. | Sold out | 0.00% | −0.25 |
| NVRO Nevro LLC | Sold out | 0.00% | −0.24 |
| FLIC First of Long Island Corp. | Sold out | 0.00% | −0.23 |
| VOXX Voxx International Corp. | Sold out | 0.00% | −0.23 |
| CHRD Chord Energy Corp. | Reduce -33.7% | 0.26% | −0.23 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.23 |
| PLYA Playa Hotels & Resorts NV | Sold out | 0.00% | −0.22 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.22 |
| OVV Ovintiv Inc. | Reduce -26.0% | 0.31% | −0.20 |
| DDOG Datadog Inc. Class A | Reduce -61.9% | 0.18% | −0.19 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.18 |
| PTCT PTC Therapeutics Inc. | Sold out | 0.00% | −0.18 |
| ONEN One Nuclear Energy Inc. | Sold out | 0.00% | −0.18 |
| FANG Diamondback Energy Inc. | Reduce -17.1% | 0.35% | −0.18 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.18 |
| RYAAY Ryanair Holdings PLC-SP ADR | Sold out | 0.00% | −0.17 |
| SPE Special Opportunities Fund | Reduce -29.5% | 0.34% | −0.16 |
| CIVI Civitas Resources Inc. | Reduce -19.8% | 0.23% | −0.16 |
| HES Hess Corp. | Reduce -11.4% | 0.40% | −0.16 |
| GILD Gilead Sciences Inc. | Reduce -44.2% | 0.17% | −0.16 |
| ACCD Accolade Inc. | Sold out | 0.00% | −0.16 |
| UMBF Umb Financial Corp. | Sold out | 0.00% | −0.16 |
| PYCR Paycor HCM Inc. | Sold out | 0.00% | −0.16 |
| EFA iShares MSCI Eafe ETF | Reduce -40.0% | 0.24% | −0.16 |
| AB Alliancebernstein Holding LP | Sold out | 0.00% | −0.15 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.15 |
| CCRN Cross Country Healthcare Inc. | Reduce -5.4% | 0.50% | −0.15 |
| BRW Saba Capital Income & Opport | Reduce -39.9% | 0.20% | −0.15 |
Portfolio Buys Q1 2025 → Q2 2025
| BPMC Blueprint Medicines Corp. | New | 1.43% | +1.43 |
| AZEK The Azek Co. Inc. | New | 1.33% | +1.33 |
| TACH Titan Acquisition Corp. Class A | New | 1.28% | +1.28 |
| WENNU Wen Acquisition Corp. | New | 1.26% | +1.26 |
| RDAG Republic Digital Acquis Class A | New | 1.03% | +1.03 |
| IPCX Inflection Point Acquisiti-A | New | 0.86% | +0.86 |
| CAEP Cantor Equity Partners III-A | New | 0.77% | +0.77 |
| RAAQ Real Asset Acquisiti Class A | New | 0.72% | +0.72 |
| BRR Columbus Circle Capital Co. Class A | New | 0.71% | +0.71 |
| FIGXU Figx Capital Acquisition Cor | New | 0.56% | +0.56 |
| K Kellanova | Add +265.3% | 0.76% | +0.53 |
| CHPGU Championsgate Acquisition Co. | New | 0.52% | +0.52 |
| INSM Insmed Inc. | New | 0.51% | +0.51 |
| CEPT Cantor Equity Partners Class A | New | 0.51% | +0.51 |
| FAC Factorial Energy Inc. | New | 0.51% | +0.51 |
| FERA Fifth Era Acquisition Corp. Class A | New | 0.50% | +0.50 |
| CRAQ Cal Redwood Acquisit Class A | New | 0.47% | +0.47 |
| PACHU Pioneer Acquisition I Corp. | New | 0.45% | +0.45 |
| XPHTX Pioneer High Income Fund | New | 0.42% | +0.42 |
| RDFN Redfin Corp. | New | 0.40% | +0.40 |
| LNSR Lensar Inc. | Add +751.5% | 0.45% | +0.39 |
| XJEQX Abrdn Japan Equity Fund Inc. | Add +52.8% | 0.96% | +0.38 |
| CHINA FUND INC | New | 0.38% | +0.38 |
| OBAWU Oxley Bridge Acquisition Ltd. | New | 0.36% | +0.36 |
| HAL Halliburton Co. | New | 0.34% | +0.34 |
| PARAA Paramount Global Class B | Add +62.4% | 0.77% | +0.30 |
| BP BP PLC-Spons ADR | Add +192.6% | 0.47% | +0.28 |
| COP Conocophillips | Add +126.9% | 0.60% | +0.27 |
| SLB SLB Ltd. | New | 0.27% | +0.27 |
| CORZ Core Scientific Inc. | Add +35.5% | 0.39% | +0.26 |
| TACO Berto Acquisition Corp. | New | 0.25% | +0.25 |
| FL Foot Locker Inc. | New | 0.24% | +0.24 |
| PRA Proassurance Corp. | New | 0.24% | +0.24 |
| ESGR Enstar Group Ltd. | New | 0.23% | +0.23 |
| XRPN Armada Acquisition Class A | New | 0.23% | +0.23 |
| BULL Webull Corp. | New | 0.23% | +0.23 |
| RKLB Rocket Lab Corp. | Add +16.4% | 0.41% | +0.22 |
| PENN Penn Entertainment Inc. | New | 0.22% | +0.22 |
| U Unity Software Inc. | New | 0.21% | +0.21 |
| TSN Tyson Foods Inc. Class A | New | 0.21% | +0.21 |
| OMC Omnicom Group | New | 0.20% | +0.20 |
| BACCU Blue Acquisition Corp. | New | 0.20% | +0.20 |
| DAL Delta Air Lines Inc. | New | 0.18% | +0.18 |
| SPR Spirit Aerosystems Hold Class A | Add +195.9% | 0.26% | +0.18 |
| GB Global Blue Group Holding AG | Add +342.5% | 0.23% | +0.18 |
| UGI Ugi Corp. | Add +1702.7% | 0.18% | +0.17 |
| PEP Pepsico Inc. | Add +517.6% | 0.21% | +0.17 |
| NVEE NV5 Global Inc. | New | 0.16% | +0.16 |
| VRNS Varonis Systems Inc. | New | 0.16% | +0.16 |
| LMT Lockheed Martin Corp. | New | 0.16% | +0.16 |
Options Activity Q1 2025 → Q2 2025
| MSTR Strategy Inc. | put | Add +9.2% | 273,500 | $110.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +105.6% | 74,000 | $45.7M |
| GME Gamestop Corp. Class A | put | Add +244.4% | 1,440,500 | $35.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +6.7% | 48,000 | $29.7M |
| NEE Nextera Energy Inc. | call | Add +4690.0% | 239,500 | $16.6M |
| TLT iShares 20+ Year Treasury BD | call | Reduce -24.8% | 184,000 | $16.2M |
| AAL American Airlines Group Inc. | put | Reduce -34.6% | 1,268,400 | $14.2M |
| BPMC Blueprint Medicines Corp. | put | New | 94,300 | $12.1M |
| SOFI Sofi Technologies Inc. | put | Reduce -11.7% | 529,900 | $9.6M |
| ARKK ARK Innovation ETF | call | Add +125.8% | 134,100 | $9.4M |
| IWP iShares Russell Mid-Cap Grow | put | Reduce -0.2% | 62,100 | $8.6M |
| GLD SPDR Gold Shares | put | Add +73.3% | 26,000 | $7.9M |
| ARKK ARK Innovation ETF | put | Add +580.7% | 102,100 | $7.2M |
| BECN Beacon Roofing Supply Inc. | put | Sold out | 53,000 | $6.6Mbefore exit |
| EEM iShares MSCI Emerging Market | put | Add +91.3% | 134,100 | $6.5M |
| PARAA Paramount Global Class B | put | Add +92.5% | 457,900 | $5.9M |
| KRE SS SPDR S&P Regional Bank | call | New | 92,500 | $5.5M |
| RIVN Rivian Automotive Inc. Class A | put | Reduce -30.2% | 372,700 | $5.1M |
| IGV iShares Expanded Tech-Softwa | call | Add +4.6% | 45,700 | $5.0M |
| KRE SS SPDR S&P Regional Bank | put | Reduce -6.9% | 83,800 | $5.0M |
| MARA Mara Holdings Inc. | put | Add +74.7% | 312,200 | $4.9M |
| COIN Coinbase Global Inc. Class A | put | Add +187.2% | 13,500 | $4.7M |
| IWP iShares Russell Mid-Cap Grow | call | Add +69.2% | 33,000 | $4.6M |
| ZS Zscaler Inc. | call | New | 14,500 | $4.6M |
| EWL iShares MSCI Switzerland ETF | call | Sold out | 85,900 | $4.4Mbefore exit |
| WEX Wex Inc. | put | Sold out | 27,200 | $4.3Mbefore exit |
| SMCI Super Micro Computer Inc. | put | Add +1636.0% | 86,800 | $4.3M |
| ML Moneylion Inc. | put | Sold out | 45,300 | $3.9Mbefore exit |
| K Kellanova | call | New | 43,700 | $3.5M |
| X United States Steel Corp. | call | Sold out | 78,800 | $3.3Mbefore exit |
| XLE SS Energy Select Sector | put | Reduce -30.7% | 38,100 | $3.2M |
| IBIT iShares Bitcoin Trust ETF | put | Add +4545.4% | 51,100 | $3.1M |
| APD Air Products & Chemicals Inc. | put | Sold out | 10,500 | $3.1Mbefore exit |
| EWZ iShares MSCI Brazil ETF | call | New | 104,200 | $3.0M |
| XLV SS Health Care Select Sector | put | New | 20,000 | $2.7M |
| DDOG Datadog Inc. Class A | put | Sold out | 26,000 | $2.6Mbefore exit |
| NIO Nio Inc. - ADR | put | Add +27.2% | 741,600 | $2.5M |
| VERV Verve Therapeutics Inc. | put | New | 223,600 | $2.5M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | New | 31,100 | $2.5M |
| GM General Motors Co. | call | Add +100.8% | 50,200 | $2.5M |
| K Kellanova | put | New | 30,900 | $2.5M |
| SOFI Sofi Technologies Inc. | call | Add +279.8% | 133,700 | $2.4M |
| OPFI Oppfi Inc. | put | Reduce -26.8% | 164,900 | $2.3M |
| PYPL PayPal Holdings Inc. | call | Add +313.3% | 31,000 | $2.3M |
| HTZ Hertz Global Hldgs Inc. | put | Add +44.8% | 336,200 | $2.3M |
| AFRM Affirm Holdings Inc. | call | Add +135.7% | 33,000 | $2.3M |
| ROKU Roku Inc. | call | Add +63.0% | 22,000 | $1.9M |
| IBIT iShares Bitcoin Trust ETF | call | New | 30,000 | $1.8M |
| HUBS HubSpot Inc. | put | Sold out | 3,200 | $1.8Mbefore exit |
| AMZN Amazon.com Inc. | put | Sold out | 9,000 | $1.7Mbefore exit |
Showing the first 50 of 375.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Add +27.4% | 57,350,000 | $58.0M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Sold out | 22,586,000 | $53.4Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +7.2% | 52,050,000 | $52.6M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +62.1% | 34,474,000 | $43.5M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +303.1% | 19,458,000 | $35.0M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Sold out | 33,700,000 | $34.6Mbefore exit |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | New | 400,466 | $33.0M |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | New | 14,897,000 | $32.0M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +14559.2% | 761,694 | $30.3M |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | Add +3.0% | 22,650,000 | $25.5M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 24,500,000 | $24.4Mbefore exit |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Add +27.2% | 24,016,000 | $23.2M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 16,041,000 | $22.9M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +5076.4% | 18,894 | $22.9M |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | Add +53.5% | 21,322,000 | $22.7M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Reduce -16.0% | 21,018,000 | $21.7M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | Reduce -32.5% | 10,400,000 | $19.6M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | New | 14,250,000 | $19.2M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | New | 16,976,000 | $19.1M |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | New | 16,000,000 | $18.5M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 16,550,000 | $17.9M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +313.3% | 11,584,000 | $17.8M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +1006.3% | 17,700,000 | $17.5M |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Reduce -4.1% | 280,532 | $17.3M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Add +59.1% | 1,460,400 | $15.8M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Add +78.6% | 12,500,000 | $15.6M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 14,292,000 | $15.5Mbefore exit |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +88.2% | 558,219 | $14.2M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 13,600,000 | $14.1M |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Sold out | 12,221,000 | $14.1Mbefore exit |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Sold out | 11,539,611 | $12.9Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | New | 10,282,000 | $11.7M |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | Sold out | 5,700,000 | $11.6Mbefore exit |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Add +100.0% | 10,000,000 | $11.3M |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | New | 10,212,000 | $10.3M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +750.0% | 8,500,000 | $9.9M |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | Add +39.9% | 13,160,000 | $9.4M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Sold out | 7,500,000 | $7.4Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 61,491 | $7.1M |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | Add +0.1% | 285,886 | $7.1M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -61.1% | 5,250,000 | $6.6M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 5,000,000 | $6.5M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Add +38.6% | 6,238,000 | $5.8M |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Add +7.3% | 6,642,000 | $5.7M |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | Reduce -35.9% | 4,460,000 | $5.5M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 5,082,000 | $5.4Mbefore exit |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -20.1% | 2,977,000 | $5.3M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 5,135,000 | $5.3Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 4,500,000 | $5.2M |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | Reduce -5.8% | 4,985,000 | $5.0M |
Showing the first 50 of 186.
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 | 556 | $743.0M | RSP, VOO, WDC, IAU, SPY |
| Q1 2026 | 525 | $632.8M | RSP, VOO, IAU, PEN, HOLX |
| Q4 2025 | 528 | $597.7M | VOO, RSP, IAU, SWZ, SOFI |
| Q3 2025 | 480 | $573.5M | VOO, RSP, SPY, IAU, CHINA FUND INC |
| Q2 2025 | 472 | $537.1M | RSP, VOO, IAU, STEW, BPMC |
| Q1 2025 | 459 | $499.3M | VOO, AXON, RSP, STEW, IAU |
| Q4 2024 | 462 | $534.5M | VOO, MTSI, RSP, STEW, IAU |
| Q3 2024 | 420 | $554.6M | CCL, VOO, SPY, RSP, SMTC |
| Q2 2024 | 424 | $457.3M | VOO, SPY, RSP, STEW, ALFUU |
| Q1 2024 | 414 | $409.7M | SPY, VOO, STEW, RSP, PEO |