DLD Asset Management, LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), DLD Asset Management, LP reported 173 stock positions worth $289.4 million. Its top holding was Marti Technologies (MRT) at 5.4% of the portfolio, followed by Welltower (WELL, 4.2%) and Elme Communities (ELME, 3.3%). Compared with Q3 2025, it opened 77 new positions, sold out of 40, added to 67 and reduced 22. The biggest buy was a new position in Macom Technology Solutions H (MTSI) and the biggest sale an exit from Nabors Energy Transition C-A (NETD).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001578299
Portfolio Value
$289.4M (Q4 2025)
SEC Filing
0001578299-26-000004 ↗ filed Feb 13, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $39.6M Q1 2024 Q2 2024: $49.5M Q2 2024 Q3 2024: $39.1M Q3 2024 Q4 2024: $76.8M Q4 2024 Q1 2025: $115.9M Q1 2025 Q2 2025: $206.7M Q2 2025 Q3 2025: $238.3M Q3 2025 Q4 2025: $289.4M $289.4M Q4 2025 Q1 2026: $331.3M Q1 2026 Q2 2026: $366.9M Q2 2026

Holdings 173 stocks · $289.4M
MRT Marti Technologies Inc. 5.39% 6,586,184 $15.6M Add +17.9%
WELL Welltower Inc. 4.21% 65,720 $12.2M Add +3.0%
ELME Elme Communities 3.34% 555,000 $9.7M Add +28.4%
MTSI Macom Technology Solutions H 2.52% 42,600 $7.3M New
ASTS Ast Spacemobile Inc. 2.33% 92,924 $6.7M Add +231.8%
MCGA Yorkville Acquisition Corp. Class A 2.15% 613,276 $6.2M Add +22.2%
FTW Eqv Ventures Acquisition C-A 1.98% 626,734 $5.7M Add +25.1%
SEE Sealed Air Corp. 1.90% 132,900 $5.5M New
TEM Tempus AI Inc. Class A 1.84% 90,270 $5.3M New
MRLN Merlin Inc. filed as INFLECTION POINT ACQUISITION 1.83% 493,926 $5.3M Add +82.5%
TXNM TXNM Energy Inc. 1.73% 85,081 $5.0M Add +17.9%
CEPT Cantor Equity Partners Class A 1.56% 400,000 $4.5M Add +135.5%
GTLS Chart Industries Inc. 1.53% 21,485 $4.4M Reduce -17.8%
ITRI Itron Inc. 1.38% 43,100 $4.0M Reduce -32.0%
DYNC Dynamix Corp. 1.37% 384,163 $4.0M Add +22.4%
LBRDK Liberty Broadband-C 1.36% 80,755 $3.9M Add +10.7%
BEAG Bold Eagle Acquisition Cor-A 1.28% 350,000 $3.7M Add +66.9%
NSC Norfolk Southern Corp. 1.22% 12,189 $3.5M Add +259.1%
EVAC Eqv Ventures Acquisition C-A 1.17% 336,989 $3.4M Add +12.3%
WENN Wen Acquisition Corp. Class A 1.16% 333,341 $3.4M Add +33.3%
GWRE Guidewire Software Inc. 1.07% 15,400 $3.1M No change
CCIX Churchill Capital Corp. Ix 0.96% 260,862 $2.8M Reduce -39.2%
DDOG Datadog Inc. Class A 0.95% 20,184 $2.7M Reduce -18.4%
GSRF GSR IV Acquisition Corp. Class A 0.92% 266,667 $2.7M Add +33.3%
CEPF Cantor Equity Partners Class A 0.92% 258,177 $2.7M Add +28.8%
CHAC Crane Harbor Acqu Corp. Class A 0.91% 244,834 $2.6M Add +63.2%
BCSS Bain Capital GSS Inv- A 0.89% 256,045 $2.6M New
BEBE.U Tge Value Creative Solutions 0.86% 250,000 $2.5M New
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.82% 229,977 $2.4M Add +21.0%
OTGA Otg Acquisition Corp. I Class A 0.81% 234,933 $2.3M Add +17.5%
HAYMAKER ACQUISITION CORP 4 0.80% 204,028 $2.3M Add +3.5%
KBONU Karbon Capital Partners Corp. 0.78% 225,000 $2.3M New
NPAC New Providence Acquisition-A 0.78% 219,510 $2.3M Add +9.8%
RAC Rithm Acquisition Corp. Class A 0.77% 215,596 $2.2M Reduce -13.8%
AIV Apartment Invt & Mgmt Co. Class A 0.77% 376,869 $2.2M New
HCMA HCM III Acquisition Cor Class A 0.73% 210,000 $2.1M Add +1938.8%
ATII Archimedes Tech Spac Partner 0.72% 200,000 $2.1M Add +33.3%
IPEX Inflection Point Acquisition 0.71% 200,000 $2.1M No change
PMTR Perimeter Acquis Corp. I Class A 0.71% 199,351 $2.0M Add +0.1%
CCII Cohen Circle Acquisit II - A 0.71% 200,000 $2.0M Add +33.3%
XRPN Armada Acquisition Class A 0.70% 199,130 $2.0M New
CRAQ Cal Redwood Acquisit Class A 0.70% 200,200 $2.0M Add +0.1%
AXIN Axiom Intelligence Class A 0.70% 200,043 $2.0M Add +0.0%
CWAN Clearwater Analytics HDS-A 0.69% 83,300 $2.0M New
DSACU Daedalus Special Acquisition 0.69% 200,000 $2.0M New
VHCPU Vine Hill Capital Investment 0.69% 200,000 $2.0M New
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.69% 31,149 $2.0M Reduce -40.5%
WLAC Willow Lane Acquisition Class A 0.64% 146,788 $1.9M Add +105.7%
IVOL Quadratic Int Rte Vol Infl H 0.62% 93,000 $1.8M Add +45.3%
TACO Berto Acquisition Corp. 0.59% 168,806 $1.7M Add +0.0%
RTAC Renatus Tactical Acquisiti-A 0.59% 160,000 $1.7M Add +151.2%
RDAG Republic Digital Acquis Class A 0.58% 166,667 $1.7M Add +33.3%
NWAX.U New America Acquisition I Co. 0.58% 160,200 $1.7M New
APXT Apex Treasury Corp. Class A 0.57% 165,668 $1.6M New
GTEN Gores Holdings X Inc. Class A 0.55% 155,501 $1.6M New
PCAP Procap Acquisition Corp. Class A 0.55% 156,815 $1.6M Add +33.3%
KFII K&F Growth Acquisition Cor-A 0.54% 151,135 $1.6M Reduce -24.4%
NHIC Newhold Investment Cor III-A 0.54% 150,127 $1.6M Reduce -24.9%
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.52% 146,667 $1.5M Add +31.3%
LFACU Leapfrog Acquisition Corp. 0.52% 150,000 $1.5M New
SCPQU Social Commerce Partners Cor 0.52% 150,000 $1.5M New
AACB Artius II Acquisition Inc. Class A 0.50% 140,894 $1.5M Add +244.5%
OACC Oaktree Acquisition Corp. I-A 0.50% 135,535 $1.4M Add +7.4%
LION Lionsgate Studios Corp. 0.49% 155,500 $1.4M New
VCIC Vine Hill Capital Class A 0.48% 128,836 $1.4M New
KCHV Kochav Defense Acquisition-A 0.47% 133,333 $1.4M Add +33.3%
OBA Oxley Bridge Acquisitio Class A 0.46% 133,333 $1.3M Add +33.3%
SOCA Solarius Capital Acquis Class A 0.46% 133,333 $1.3M Add +33.3%
BCAR D. Boral Arc Acquisit Class A 0.46% 133,333 $1.3M Add +33.3%
AIIA AI Infrastructure Ac-A 0.46% 133,333 $1.3M New
NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I 0.46% 133,333 $1.3M New
GIW GIGCAPITAL8 Corp. Class A 0.46% 133,333 $1.3M New
MLAC Mountain Lake Acquisition-A 0.45% 124,750 $1.3M Add +24.8%
SBXDF Silverbox Corp. IV-A 0.44% 121,473 $1.3M Add +1.2%
DAAQ Digital Asset Acquisiti Class A 0.44% 126,399 $1.3M Add +169.5%
PACH Pioneer Acquisition I Class A 0.44% 127,737 $1.3M Add +27.7%
IGACU Invest Green Acquisition Cor 0.43% 125,000 $1.3M New
FERA Fifth Era Acquisition Corp. Class A 0.43% 121,540 $1.3M Add +21.5%
RNGT Range Capital Acquisit Class A 0.43% 125,000 $1.2M New
RANG Range Capital Acquisition Co. 0.43% 119,308 $1.2M Add +19.3%
MTH Meritage Homes Corp. 0.41% 18,140 $1.2M Reduce -28.9%
TLNC Talon Capital Corp. Class A 0.41% 117,535 $1.2M Add +17.5%
LEGT Legato Merger Corp. III 0.41% 107,984 $1.2M New
GSHR Gesher Acquisition Corp. II-A 0.39% 110,023 $1.1M Reduce -12.0%
ANSC Agriculture & Natural Soluti 0.39% 100,012 $1.1M New
ONCH 1RT Acquisition Corp. Class A 0.39% 109,331 $1.1M Add +28.6%
FG MERGER II CORP 0.38% 110,725 $1.1M Add +10.7%
DMII Drugs Made in America Acquis 0.38% 112,200 $1.1M Add +12.2%
RAAQ Real Asset Acquisiti Class A 0.38% 106,424 $1.1M Add +6.8%
BDCI BTC Development Corp. Class A 0.37% 108,100 $1.1M Add +8.1%
LGN Legence Corp. Class A 0.37% 25,000 $1.1M New
SOUL Soulpower Acquisition Co. Class A 0.37% 106,001 $1.1M Reduce -47.0%
EMIS Emmis Acquisition Corp. Class A 0.36% 105,621 $1.1M Add +5.6%
NTWO Newbury Street II Ac Class A 0.36% 100,376 $1.0M Add +0.4%
DRDB Roman DBDR Acquisition Corp. 0.36% 100,044 $1.0M Reduce -33.3%
DMAA Drugs Made in America Acquis 0.36% 100,559 $1.0M Reduce -11.5%
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 0.36% 102,600 $1.0M Add +2.6%
JENA Jena Acquisition Corp. II - A 0.36% 102,384 $1.0M New
DNMX Dynamix Corp. III Class A 0.36% 105,235 $1.0M New
COPL Copley Acquisition Corp. Class A 0.36% 100,294 $1.0M No change
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.36% 100,000 $1.0M Reduce -1.8%
CAEP Cantor Equity Partners III-A 0.35% 100,000 $1.0M Reduce -24.9%
TVA Texas Ventures Acquisition-A 0.35% 95,267 $1.0M Add +471.6%
ABVX Abivax SA-ADR 0.35% 7,500 $1.0M New
OYSE Oyster Enterprises II Acq-A 0.35% 100,038 $1.0M Add +0.0%
LWAC Lightwave Acquisition Corp. Class A 0.35% 100,808 $1.0M Add +0.8%
ALUB.U Alussa Energy Acquisition Co. 0.35% 100,000 $1.0M New
SPEG Silver Pegasus Acquisition-A 0.35% 100,003 $1.0M Add +0.0%
CRANU Crane Harbor Acquisition Cor 0.35% 100,000 $1.0M New
INAC Indigo Acquisition Corp. 0.35% 100,063 $1.0M Add +0.1%
HVMC Highview Merger Corp. Class A 0.35% 100,307 $1.0M Add +0.3%
AEAQU Activate Energy Acquisition 0.35% 100,000 $1000K New
LPCVU Launchpad Cadenza Acquisitio 0.34% 100,000 $998K New
ADACU American Drive Acquisition C 0.34% 100,000 $997K New
BIXIU Bitcoin Infrastructure Acqui 0.34% 100,000 $996K New
TDAC Translational Development Ac 0.34% 94,853 $995K No change
SVAQU Silicon Valley Acquisition C 0.34% 100,000 $995K New
AEXA American Exceptionalism Class A 0.33% 84,952 $968K Add +33.3%
RNAM Avidity Biosciences Inc. 0.28% 11,200 $808K New
SAC.U Safeguard Acquisition Corp. 0.26% 75,300 $759K New
MESHU Meshflow Acquisition Corp. 0.26% 75,000 $750K New
EXAS Exact Sciences Corp. 0.24% 6,900 $701K New
BLZR Trailblazer Acquisition Class A 0.23% 66,667 $667K Add +33.3%
DYOR Insight Digital Partners I-A 0.23% 66,667 $661K New
NKE Nike Inc. Class B 0.22% 9,937 $633K New
SDHI Siddhi Acquisition Corp. Class A 0.20% 56,000 $576K No change
TIPT Tiptree Inc. 0.19% 29,614 $541K Add +43.1%
KRSP Rice Acquisition Corp. 3-A 0.19% 52,408 $537K New
TONT Graf Global Corp. Class A 0.18% 48,255 $519K Add +0.1%
LBRDA Liberty Broadband-A 0.18% 10,681 $516K No change
USAS Americas Gold and Silver Cor 0.18% 100,010 $511K New
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 0.18% 32,707 $510K Reduce -84.4%
TVAI Thayer Ventures Acquis Class A 0.17% 48,730 $493K No change
WBD Warner Bros Discovery Inc. 0.17% 17,100 $493K New
OSG Octave Specialty Group Inc. 0.16% 60,421 $470K Reduce -23.8%
CCXIU Churchill Capital Corp. Xi 0.15% 41,529 $424K New
ARKK ARK Innovation ETF 0.14% 5,378 $414K New
KOYN CSLM Digital Asset Acqu - A 0.14% 40,000 $398K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 1,342 $398K New
ALM Almonty Industries Inc. 0.14% 45,000 $396K New
PLTR Palantir Technologies Inc. Class A 0.14% 2,227 $396K New
FCRS Futurecrest Acquisition Class A 0.12% 33,333 $337K New
MSFT Microsoft Corp. 0.12% 693 $335K New
BACC Blue Acquisition Corp. Class A 0.11% 31,266 $319K Reduce -68.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.11% 466 $318K New
FIGX Figx Capital Acquisition C-A 0.11% 30,781 $310K Add +0.1%
GE General Electric filed as GE AEROSPACE 0.10% 982 $302K New
PYPL PayPal Holdings Inc. 0.10% 5,123 $299K New
TII Titan Mining Corp. 0.10% 100,000 $296K New
APP AppLovin Corp. Class A 0.10% 433 $292K New
AAPL Apple Inc. 0.10% 1,062 $289K New
SHOP Shopify Inc. Class A 0.10% 1,757 $283K New
SMH Vaneck Semiconductor ETF 0.09% 723 $260K New
GDOT Green Dot Corp. Class A 0.09% 20,000 $256K New
BABA Alibaba Group Holding-SP ADR 0.09% 1,741 $255K New
XLK SS Technology Select Sector 0.09% 1,739 $250K New
SCHL Scholastic Corp. 0.08% 8,000 $237K New
TQQQ Proshares Ultrapro QQQ 0.08% 4,481 $236K New
STRZ Starz Entertainment Corp. 0.08% 20,000 $234K New
SLNO Soleno Therapeutics Inc. 0.08% 5,000 $232K New
HOOD Robinhood Markets Inc. Class A 0.08% 1,949 $220K New
SOFI Sofi Technologies Inc. 0.07% 8,251 $216K New
MS Morgan Stanley 0.07% 1,206 $214K New
GS Goldman Sachs Group Inc. 0.07% 241 $212K Reduce -12.4%
COIN Coinbase Global Inc. Class A 0.07% 916 $207K New
NVDA Nvidia Corp. 0.07% 1,096 $204K New
TERN Terns Pharmaceuticals Inc. 0.07% 5,000 $202K Reduce -50.0%
TAC Transalta Corp. 0.05% 12,000 $152K New
CEPV Cantor Equity Partners Class A 0.05% 14,635 $150K New
TRVI Trevi Therapeutics Inc. 0.04% 10,000 $125K Reduce -81.8%
ZVRA Zevra Therapeutics Inc. 0.03% 10,000 $90K Reduce -75.0%
AMCI AMC Robotics Corp. 0.03% 10,679 $84K New
LCTX Lineage Cell Therapeutics Inc. 0.01% 20,000 $33K New

Options reported separately and not counted above: SPY puts ($44.3M), RIVN puts ($38.5M), CDTX calls ($26.3M), BTDR puts ($18.7M), MARA puts ($14.8M), BABA puts ($14.7M), BTG puts ($14.4M), BAC puts ($13.7M), FLNC puts ($11.9M), PGY puts ($11.5M), INBX calls ($11.3M), CIFR puts ($11.1M), and 85 more.

Other holdings (105): bonds, preferreds, convertibles and warrants · $673.3M (not counted above)
SecurityClassShares / PrincipalValueChange
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 40,000,000$134.4MAdd +23.1%
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 37,500,000$51.3MNew
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal 37,500,000$50.6MNew
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 26,500,000$42.3MAdd +6.0%
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal 37,500,000$37.5MAdd +7.1%
TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal 26,000,000$35.9MReduce -11.9%
CENTRUS ENERGY CORP (LEU 2.25 11/01/30) NOTE 2.250%11/0 · principal 12,450,000$33.5MNew
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) MTNF 0.600% 5/2 · principal 30,000,000$32.7MReduce -36.8%
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 15,000,000$32.4MNo change
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 18,250,000$30.0MNew
WOLFSPEED INC (WOLF 2.5 06/15/31) NOTE 2.500% 6/1 · principal 20,000,000$29.9MNew
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 27,500,000$28.6MNo change
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 22,500,000$26.2MNew
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 13,250,000$21.6MAdd +12.8%
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 21,500,000$19.3MNew
PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) NOTE 6.125%10/0 · principal 10,000,000$18.3MNew
MARA HOLDINGS INC (MARA 2.125 09/01/31) NOTE 2.125% 9/0 · principal 12,500,000$10.3MNew
XEROX HOLDINGS CORP (XRX 3.75 03/15/30) NOTE 3.750% 3/1 · principal 33,500,000$10.1MNo change
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 5,500,000$9.4MReduce -26.7%
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal 5,000,000$8.0MNew
CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) NOTE 0.625% 6/1 · principal 7,000,000$6.8MReduce -55.7%
EVOXW Evolution Global Acquisition *W EXP 10/22/203 150,000$1.0MNew
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 94,607$194KNew
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 179,281$159KNew
ATIIW Archimedes Tech-30 *W EXP 10/15/202 341,901$109KNew
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 297,582$95KNew
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 132,764$94KNew
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 288,333$93KNew
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 226,476$91KNew
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 90,000$81KNew
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 100,000$79KNew
BACQR Inflection Point Acquisition RIGHT 11/04/2026 107,317$79KNew
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 325,000$78KNew
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 30,576$73KAdd +6.9%
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 220,035$70KAdd +120.0%
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 130,299$65KNew
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 466,667$61KNew
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 88,433$61KNew
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 100,000$60KNew
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 124,749$56KNew
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 100,039$55KNew
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 119,570$54KNew
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 166,499$52KNew
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 140,632$49KNew
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 156,484$44KNew
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 150,235$42KNew
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 50,000$41KNew
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 77,737$39KNew
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 106,775$39KNew
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 102,595$38KNew
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 62,500$36KNew
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 205,518$36KNew
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 106,713$35KNew
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 133,333$35KNew
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 133,333$32KNew
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 44,519$32KNew
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 100,000$31KNew
IMSRW HCM II Acquisition Corp. - 29 *W EXP 10/28/203 14,323$30KNew
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 97,726$30KNew
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 153,733$30KNew
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 110,446$30KNew
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 87,998$29KNew
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 110,193$28KNew
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 66,667$27KNew
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 84,313$27KNew
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 75,000$26KNew
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 37,500$26KNew
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 162,317$26KNew
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 16,236$25KNew
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 102,000$24KNew
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 90,500$24KNew
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 82,833$23KNew
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 50,947$22KNew
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 37,134$22KAdd +11.5%
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 106,092$21KNew
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 33,332$21KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 98,730$21KNew
JACKSON ACQUISITION CO II RIGHT 99/99/9999 82,200$21KNew
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 62,500$20KNew
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 52,272$19KNew
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 101,594$19KNew
DNMXW Dynamix Corp. III *W EXP 10/10/203 52,616$19KNew
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 74,667$19KNew
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 44,443$19KNew
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 55,100$18KNew
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 25,000$17KNo change
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 60,517$17KNew
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 27,209$16KNew
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 112,200$16KAdd +12.2%
EMISR Emmis Acquisition Corp. RIGHT 09/12/2030 100,000$15KNo change
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 66,667$15KNew
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 53,629$14KAdd +7.3%
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 49,015$14KNew
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 21,208$14KNew
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 50,000$14KNew
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 50,389$13KNew
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 50,000$13KNew
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 14,563$13KNew
NOEMW CO2 Energy Transition -28 *W EXP 08/17/202 74,591$13KNew
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 31,268$13KNew
DYORW Insight Digital Partners II *W EXP 10/28/203 33,333$11KNew
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 22,221$11KAdd +33.5%
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 20,501$6KNew
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 20,000$3KNew
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 15,138$2KNew

Total filed on the 13F, all lines: $962.7M.

Portfolio Sells Q3 2025 → Q4 2025
NETD Nabors Energy Transition C-A Sold out 0.00% −2.98
U Unity Software Inc. Sold out 0.00% −2.55
VRNS Varonis Systems Inc. Sold out 0.00% −2.13
ITRI Itron Inc. Reduce -32.0% 1.38% −1.93
EA Electronic Arts Inc. Sold out 0.00% −1.68
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −1.44
ALE Allete Inc. Sold out 0.00% −1.16
XBI SS SPDR S&P Biotech ETF Sold out 0.00% −1.14
IBAC Ib Acquisition Corp. Sold out 0.00% −1.06
K Kellanova Sold out 0.00% −1.03
MRUS Merus NV Sold out 0.00% −1.00
INFQ Infleqtion Inc. Reduce -84.4% 0.18% −0.96
CCIX Churchill Capital Corp. Ix Reduce -39.2% 0.96% −0.93
AL Sumisho Air Lease Corp. Reduce -40.5% 0.69% −0.71
GTLS Chart Industries Inc. Reduce -17.8% 1.53% −0.66
ARKG ARK Genomic Revolution ETF Sold out 0.00% −0.63
KYIV Kyivstar Group Ltd. Sold out 0.00% −0.55
DDOG Datadog Inc. Class A Reduce -18.4% 0.95% −0.53
ZK Zeekr Intelligent Techno-ADR Sold out 0.00% −0.53
TMQ Trilogy Metals Inc. Sold out 0.00% −0.52
SOUL Soulpower Acquisition Co. Class A Reduce -47.0% 0.37% −0.48
AVTX Avalo Therapeutics Inc. Sold out 0.00% −0.40
FRNM Freenome Inc. Sold out 0.00% −0.40
MTH Meritage Homes Corp. Reduce -28.9% 0.41% −0.36
CMPS Compass Pathways PLC Sold out 0.00% −0.36
VLOS Velos Acquisition I Corp. Sold out 0.00% −0.33
KFII K&F Growth Acquisition Cor-A Reduce -24.4% 0.54% −0.32
NHIC Newhold Investment Cor III-A Reduce -24.9% 0.54% −0.32
BACC Blue Acquisition Corp. Class A Reduce -68.7% 0.11% −0.31
RAC Rithm Acquisition Corp. Class A Reduce -13.8% 0.77% −0.30
MDXG Mimedx Group Inc. Sold out 0.00% −0.29
DRDB Roman DBDR Acquisition Corp. Reduce -33.3% 0.36% −0.29
SOC Sable Offshore Corp. Sold out 0.00% −0.26
CYTK Cytokinetics Inc. Sold out 0.00% −0.25
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.24
CAEP Cantor Equity Partners III-A Reduce -24.9% 0.35% −0.22
HOUS Anywhere Real Estate Inc. Sold out 0.00% −0.22
SYRE Spyre Therapeutics Inc. Sold out 0.00% −0.21
JNJ Johnson & Johnson Sold out 0.00% −0.21
HELP Cybin Inc. Sold out 0.00% −0.20
FIP Ftai Infrastructure Inc. Sold out 0.00% −0.20
SRDX Surmodics Inc. Sold out 0.00% −0.19
ZURA Zura Bio Ltd. Sold out 0.00% −0.18
TRVI Trevi Therapeutics Inc. Reduce -81.8% 0.04% −0.17
DSGN Design Therapeutics Inc. Sold out 0.00% −0.16
ZYME Zymeworks Inc. Sold out 0.00% −0.14
GSHR Gesher Acquisition Corp. II-A Reduce -12.0% 0.39% −0.14
ATAIBECKLEY INC Sold out 0.00% −0.13
DMAA Drugs Made in America Acquis Reduce -11.5% 0.36% −0.13
ZVRA Zevra Therapeutics Inc. Reduce -75.0% 0.03% −0.13

Portfolio Buys Q3 2025 → Q4 2025
MTSI Macom Technology Solutions H New 2.52% +2.52
SEE Sealed Air Corp. New 1.90% +1.90
TEM Tempus AI Inc. Class A New 1.84% +1.84
ASTS Ast Spacemobile Inc. Add +231.8% 2.33% +1.75
BCSS Bain Capital GSS Inv- A New 0.89% +0.89
BEBE.U Tge Value Creative Solutions New 0.86% +0.86
CEPT Cantor Equity Partners Class A Add +135.5% 1.56% +0.81
NSC Norfolk Southern Corp. Add +259.1% 1.22% +0.79
KBONU Karbon Capital Partners Corp. New 0.78% +0.78
AIV Apartment Invt & Mgmt Co. Class A New 0.77% +0.77
XRPN Armada Acquisition Class A New 0.70% +0.70
CWAN Clearwater Analytics HDS-A New 0.69% +0.69
DSACU Daedalus Special Acquisition New 0.69% +0.69
VHCPU Vine Hill Capital Investment New 0.69% +0.69
HCMA HCM III Acquisition Cor Class A Add +1938.8% 0.73% +0.68
MRLN Merlin Inc. Add +82.5% 1.83% +0.65
MRT Marti Technologies Inc. Add +17.9% 5.39% +0.61
NWAX.U New America Acquisition I Co. New 0.58% +0.58
APXT Apex Treasury Corp. Class A New 0.57% +0.57
GTEN Gores Holdings X Inc. Class A New 0.55% +0.55
LFACU Leapfrog Acquisition Corp. New 0.52% +0.52
SCPQU Social Commerce Partners Cor New 0.52% +0.52
LION Lionsgate Studios Corp. New 0.49% +0.49
VCIC Vine Hill Capital Class A New 0.48% +0.48
AIIA AI Infrastructure Ac-A New 0.46% +0.46
NSTR Northstar Earth & Space Ente New 0.46% +0.46
GIW GIGCAPITAL8 Corp. Class A New 0.46% +0.46
IGACU Invest Green Acquisition Cor New 0.43% +0.43
RNGT Range Capital Acquisit Class A New 0.43% +0.43
LEGT Legato Merger Corp. III New 0.41% +0.41
ANSC Agriculture & Natural Soluti New 0.39% +0.39
LGN Legence Corp. Class A New 0.37% +0.37
BEAG Bold Eagle Acquisition Cor-A Add +66.9% 1.28% +0.36
JENA Jena Acquisition Corp. II - A New 0.36% +0.36
DNMX Dynamix Corp. III Class A New 0.36% +0.36
ABVX Abivax SA-ADR New 0.35% +0.35
ALUB.U Alussa Energy Acquisition Co. New 0.35% +0.35
CRANU Crane Harbor Acquisition Cor New 0.35% +0.35
AEAQU Activate Energy Acquisition New 0.35% +0.35
LPCVU Launchpad Cadenza Acquisitio New 0.34% +0.34
ADACU American Drive Acquisition C New 0.34% +0.34
BIXIU Bitcoin Infrastructure Acqui New 0.34% +0.34
SVAQU Silicon Valley Acquisition C New 0.34% +0.34
AACB Artius II Acquisition Inc. Class A Add +244.5% 0.50% +0.33
RTAC Renatus Tactical Acquisiti-A Add +151.2% 0.59% +0.30
WLAC Willow Lane Acquisition Class A Add +105.7% 0.64% +0.29
RNAM Avidity Biosciences Inc. New 0.28% +0.28
ELME Elme Communities Add +28.4% 3.34% +0.28
TVA Texas Ventures Acquisition-A Add +471.6% 0.35% +0.28
CHAC Crane Harbor Acqu Corp. Class A Add +63.2% 0.91% +0.27

Options Activity Q3 2025 → Q4 2025
LEU Centrus Energy Corp. Class A put Sold out 276,400 $86.1Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -54.0% 65,000 $44.3M
IBB iShares Biotechnology ETF put Sold out 275,000 $39.7Mbefore exit
RIVN Rivian Automotive Inc. Class A put Add +1.9% 1,950,000 $38.5M
CDTX Cidara Therapeutics Inc. call New 119,000 $26.3M
BTDR Bitdeer Technologies Group-A put Add +426.4% 1,663,500 $18.7M
BMY Bristol-Myers Squibb Co. call Sold out 396,600 $17.9Mbefore exit
MARA Mara Holdings Inc. put Add +24.6% 1,646,000 $14.8M
BTG B2GOLD Corp. put Add +0.4% 3,190,000 $14.4M
NVO Novo-Nordisk A/S-Spons ADR call Sold out 247,100 $13.7Mbefore exit
FLNC Fluence Energy Inc. put Reduce -54.5% 602,500 $11.9M
PGY Pagaya Technologies Ltd. Class A put Add +66.5% 551,000 $11.5M
INBX Inhibrx Biosciences Inc. call New 143,500 $11.3M
CIFR Cipher Digital Inc. put Add +87.5% 750,000 $11.1M
UUUU Energy Fuels Inc. put New 675,000 $9.8M
RIG Transocean Ltd. put Sold out 2,906,200 $9.1Mbefore exit
GEO The Geo Group Inc. call Add +0.8% 556,900 $9.0M
BMY Bristol-Myers Squibb Co. put Sold out 183,400 $8.3Mbefore exit
VRTX Vertex Pharmaceuticals Inc. put Sold out 18,600 $7.3Mbefore exit
PRGS Progress Software Corp. put Reduce -26.7% 165,000 $7.1M
OSG Octave Specialty Group Inc. call Sold out 838,100 $7.0Mbefore exit
EOSE Eos Energy Enterprises Inc. put New 600,000 $6.9M
SMCI Super Micro Computer Inc. put New 225,000 $6.6M
HTZ Hertz Global Hldgs Inc. put Add +141.9% 1,209,600 $6.2M
UTHR United Therapeutics Corp. put Add +1150.0% 12,500 $6.1M
GRAB Grab Holdings Ltd. Class A put Add +62.0% 1,215,000 $6.1M
GDX Vaneck Gold Miners ETF put Sold out 75,000 $5.7Mbefore exit
GME Gamestop Corp. Class A put Sold out 200,000 $5.5Mbefore exit
CORZ Core Scientific Inc. put Add +0.3% 351,000 $5.1M
PPTA Perpetua Resources Corp. call Sold out 244,600 $5.0Mbefore exit
INBX Inhibrx Biosciences Inc. put New 61,100 $4.8M
IONS Ionis Pharmaceuticals Inc. call Sold out 71,500 $4.7Mbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 56,300 $4.6Mbefore exit
OPEN Opendoor Technologies Inc. put Sold out 550,000 $4.4Mbefore exit
UAMY United States Antimony Corp. call Add +770.1% 870,100 $4.4M
UTHR United Therapeutics Corp. call Sold out 10,400 $4.4Mbefore exit
MMYT Makemytrip Ltd. put New 50,000 $4.1M
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) call Sold out 29,500 $3.9Mbefore exit
BIIB Biogen Inc. call Sold out 27,500 $3.9Mbefore exit
XRX Xerox Holdings Corp. put Add +13.2% 1,415,300 $3.4M
CBRL Cracker Barrel Old Country put Sold out 76,000 $3.3Mbefore exit
LQD Ishr Ibx Usd Invgd CB ETF-Ui put Sold out 30,000 $3.3Mbefore exit
UAMY United States Antimony Corp. put Sold out 533,200 $3.3Mbefore exit
PRAX Praxis Precision Medicines I put New 10,400 $3.1M
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) put Sold out 30,300 $2.8Mbefore exit
TMQ Trilogy Metals Inc. call Sold out 1,213,900 $2.5Mbefore exit
HELP Cybin Inc. call Add +1.3% 283,600 $2.3M
SOC Sable Offshore Corp. call New 251,500 $2.3M
SLNO Soleno Therapeutics Inc. call Sold out 30,000 $2.0Mbefore exit
PTON Peloton Interactive Inc. Class A put Sold out 219,700 $2.0Mbefore exit

Showing the first 50 of 230.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2025 → Q4 2025
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Add +23.1% 40,000,000 $134.4M
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal New 37,500,000 $51.3M
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal New 37,500,000 $50.6M
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal Sold out 30,000,000 $42.3Mbefore exit
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal Add +6.0% 26,500,000 $42.3M
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal Add +7.1% 37,500,000 $37.5M
SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) NOTE 3.250%11/0 · principal Sold out 25,000,000 $37.0Mbefore exit
TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal Reduce -11.9% 26,000,000 $35.9M
CENTRUS ENERGY CORP (LEU 2.25 11/01/30) NOTE 2.250%11/0 · principal New 12,450,000 $33.5M
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) MTNF 0.600% 5/2 · principal Reduce -36.8% 30,000,000 $32.7M
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal New 18,250,000 $30.0M
WOLFSPEED INC (WOLF 2.5 06/15/31) NOTE 2.500% 6/1 · principal New 20,000,000 $29.9M
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal Sold out 28,500,000 $28.3Mbefore exit
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal New 22,500,000 $26.2M
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Sold out 25,000,000 $25.4Mbefore exit
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal Add +12.8% 13,250,000 $21.6M
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal New 21,500,000 $19.3M
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal Sold out 20,000,000 $18.5Mbefore exit
PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) NOTE 6.125%10/0 · principal New 10,000,000 $18.3M
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal Sold out 15,000,000 $14.1Mbefore exit
AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) NOTE 4.250% 2/1 · principal Sold out 11,500,000 $11.1Mbefore exit
MARA HOLDINGS INC (MARA 2.125 09/01/31) NOTE 2.125% 9/0 · principal New 12,500,000 $10.3M
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal Reduce -26.7% 5,500,000 $9.4M
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal New 5,000,000 $8.0M
CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) NOTE 0.625% 6/1 · principal Reduce -55.7% 7,000,000 $6.8M
EVOXW Evolution Global Acquisition *W EXP 10/22/203 New 150,000 $1.0M
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 New 94,607 $194K
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 New 179,281 $159K
ATIIW Archimedes Tech-30 *W EXP 10/15/202 New 341,901 $109K
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 New 297,582 $95K
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 New 132,764 $94K
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 New 288,333 $93K
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 New 226,476 $91K
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 New 90,000 $81K
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 New 100,000 $79K
BACQR Inflection Point Acquisition RIGHT 11/04/2026 New 107,317 $79K
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 New 325,000 $78K
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 Add +6.9% 30,576 $73K
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 Add +120.0% 220,035 $70K
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 New 130,299 $65K
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 New 466,667 $61K
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 New 88,433 $61K
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 New 100,000 $60K
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 New 124,749 $56K
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 New 100,039 $55K
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 New 119,570 $54K
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 New 166,499 $52K
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 New 140,632 $49K
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 New 156,484 $44K
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 New 150,235 $42K

Showing the first 50 of 106.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 222$366.9MAMKR, AUR, MRT, NSC, DYNC
Q1 2026 197$331.3MMRT, MDLN, SARO, DBCA, CEPT
Q4 2025 173$289.4MMRT, WELL, ELME, MTSI, ASTS
Q3 2025Amended 136$238.3MMRT, WELL, ITRI, ELME, NETD
Q2 2025Amended 102$206.7MWELL, MRT, SPOTIFY USA INC (SPOT 0 03/15/26), NETD, GWRE
Q1 2025Amended 58$115.9MMRT, ARES ACQUISITION CORP II, OACC, FTW, RAC.U
Q4 2024 31$76.8MMRT, KDP, MIDD, FYBR, ALE
Q3 2024 15$39.1MMIDD, IRTC, K, ALE, HES
Q2 2024 34$49.5MMIDD, ZS, IRTC, ALNY, MRO
Q1 2024 25$39.6MBUD, MCHP, Z, HES, TYL