Elequin Capital, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Elequin Capital, LP reported 184 stock positions worth $146.8 million. Its top holding was ARK 21SHARES Bitcoin ETF (ARKB) at 30.3% of the portfolio, followed by Bitwise Bitcoin ETF (BITB, 20.3%) and SS SPDR BB Conv Sec ETF (CWB, 13.5%). Compared with Q1 2024, it opened 151 new positions, sold out of 192, added to 10 and reduced 14. The biggest buy was SS SPDR BB Conv Sec ETF (CWB, shares +222%) and the biggest sale Fidelity Wise Origin Bitcoin (FBTC, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001810873
- Portfolio Value
- $146.8M (Q2 2024)
- SEC Filing
- 0001420506-24-001355 ↗ filed Aug 12, 2024
Holdings Value
Holdings 184 stocks · $146.8M
| ARKB ARK 21SHARES Bitcoin ETF | 30.34% | 742,481 | $44.5M | Add +7.1% |
| BITB Bitwise Bitcoin ETF | 20.33% | 912,687 | $29.8M | Reduce -28.7% |
| CWB SS SPDR BB Conv Sec ETF | 13.54% | 275,778 | $19.9M | Add +221.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 4.29% | 125,739 | $6.3M | New |
| CVRT Calamos Conv Eqty Alt ETF | 4.27% | 231,320 | $6.3M | Reduce -5.5% |
| ICVT iShares Convertible Bond ETF | 3.61% | 67,395 | $5.3M | New |
| FBTC Fidelity Wise Origin Bitcoin | 3.44% | 96,310 | $5.1M | Reduce -80.5% |
| HYD Vaneck High Yield Muni ETF | 3.36% | 95,446 | $4.9M | New |
| TFI SS SPDR N Ice Muni Bond ETF | 3.24% | 103,864 | $4.8M | New |
| BRRR Coinshares Bitcoin ETF | 2.93% | 253,466 | $4.3M | Add +26.1% |
| HYMB SS SPDR N Ice HY Muni ETF | 1.94% | 111,758 | $2.8M | New |
| HODL Vaneck Bitcoin ETF | 1.37% | 29,696 | $2.0M | Add +524.6% |
| MO Altria Group Inc. | 1.23% | 39,772 | $1.8M | Reduce -31.4% |
| SUB iShares Short-Term National | 1.07% | 15,002 | $1.6M | New |
| PZA Invesco National Amt-Free Mu | 0.99% | 61,447 | $1.5M | New |
| BTCW Wisdomtree Bitcoin Fund | 0.49% | 11,226 | $715K | Reduce -85.0% |
| FCVT First Trust Ssi Strategi ETF | 0.42% | 18,021 | $611K | Reduce -68.1% |
| FMB First Trust Managed Municipa | 0.35% | 10,175 | $520K | New |
| SPG Simon Property Group Inc. | 0.31% | 2,967 | $450K | New |
| SHYD Vaneck SH Hi YLD Muni | 0.19% | 12,495 | $280K | New |
| D Dominion Energy Inc. | 0.19% | 5,578 | $272K | New |
| BABA Alibaba Group Holding-SP ADR | 0.18% | 3,737 | $267K | Add +264.9% |
| PM Philip Morris International | 0.11% | 1,600 | $162K | Add +1484.2% |
| TAFI AB Tax Aware Short Dur Muni filed as AB ACTIVE ETFS INC | 0.10% | 6,120 | $153K | New |
| SHM SS SPDR N Ice St Muni ETF | 0.10% | 2,997 | $141K | New |
| BBY Best Buy Co. Inc. | 0.04% | 705 | $59K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.04% | 328 | $57K | Reduce -92.4% |
| PBR Petroleo Brasileiro-Spon ADR | 0.03% | 2,700 | $39K | New |
| TPG TPG Inc. | 0.02% | 880 | $36K | New |
| XRT SS SPDR S&P Retail ETF | 0.02% | 476 | $36K | New |
| BTI British American Tob-SP ADR | 0.02% | 1,100 | $34K | New |
| KGC Kinross Gold Corp. | 0.02% | 3,644 | $30K | New |
| SFM Sprouts Farmers Market Inc. | 0.02% | 357 | $30K | New |
| TRGP Targa Resources Corp. | 0.02% | 225 | $29K | New |
| SPXC SPX Technologies Inc. | 0.02% | 203 | $29K | New |
| EAT Brinker International Inc. | 0.02% | 392 | $28K | New |
| WMB Williams Cos Inc. | 0.02% | 660 | $28K | New |
| ACN Accenture PLC Class A | 0.02% | 92 | $28K | New |
| OKE Oneok Inc. | 0.02% | 342 | $28K | New |
| CLX Clorox Company | 0.02% | 204 | $28K | New |
| IBIT iShares Bitcoin Trust ETF | 0.02% | 805 | $27K | Reduce -81.2% |
| COST Costco Wholesale Corp. | 0.02% | 32 | $27K | New |
| PSX Phillips 66 | 0.02% | 192 | $27K | New |
| THC Tenet Healthcare Corp. | 0.02% | 202 | $27K | New |
| ETN Eaton Corp. PLC | 0.02% | 85 | $27K | New |
| WEX Wex Inc. | 0.02% | 149 | $26K | New |
| CPRI Capri Holdings Ltd. | 0.02% | 796 | $26K | New |
| KEY Keycorp | 0.02% | 1,849 | $26K | Reduce -64.8% |
| BA The Boeing Co. | 0.02% | 141 | $26K | New |
| CGMU Cap Group Municipal Income | 0.02% | 948 | $25K | New |
| CAMT Camtek Ltd. | 0.01% | 164 | $21K | New |
| CZR Caesars Entertainment Inc. | 0.01% | 500 | $20K | New |
| FICO Fair Isaac Corp. | 0.01% | 13 | $19K | New |
| AMGN Amgen Inc. | 0.01% | 61 | $19K | New |
| HUM Humana Inc. | 0.01% | 51 | $19K | New |
| HLT Hilton Worldwide Holdings Inc. | 0.01% | 87 | $19K | New |
| CRS Carpenter Technology | 0.01% | 173 | $19K | New |
| SEDG Solaredge Technologies Inc. | 0.01% | 750 | $19K | Add +14900.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.01% | 109 | $19K | New |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.01% | 211 | $19K | New |
| MMYT Makemytrip Ltd. | 0.01% | 224 | $19K | New |
| UBER Uber Technologies Inc. | 0.01% | 259 | $19K | New |
| GKOS Glaukos Corp. | 0.01% | 159 | $19K | New |
| TSN Tyson Foods Inc. Class A | 0.01% | 328 | $19K | New |
| GOOG Alphabet Inc. Class C | 0.01% | 102 | $19K | New |
| MAC The Macerich Co. | 0.01% | 1,208 | $19K | New |
| PB Prosperity Bancshares Inc. | 0.01% | 304 | $19K | New |
| CBSH Commerce Bancshares Inc. | 0.01% | 332 | $19K | New |
| RCL Royal Caribbean Cruises Ltd. | 0.01% | 116 | $18K | New |
| BG Bunge Global SA | 0.01% | 173 | $18K | New |
| POWI Power Integrations Inc. | 0.01% | 263 | $18K | New |
| C Citigroup Inc. | 0.01% | 290 | $18K | New |
| MAR Marriott International Class A | 0.01% | 76 | $18K | New |
| CAT Caterpillar Inc. | 0.01% | 55 | $18K | New |
| APA Apa Corp. | 0.01% | 622 | $18K | New |
| FDX FedEx Corp. | 0.01% | 61 | $18K | New |
| NVDA Nvidia Corp. | 0.01% | 148 | $18K | New |
| IBKR Interactive Brokers Gro Class A | 0.01% | 149 | $18K | New |
| CTAS Cintas Corp. | 0.01% | 26 | $18K | New |
| SPOT Spotify Technology SA | 0.01% | 58 | $18K | Add +152.2% |
| CFR Cullen/Frost Bankers Inc. | 0.01% | 179 | $18K | New |
| PFE Pfizer Inc. | 0.01% | 650 | $18K | New |
| U Unity Software Inc. | 0.01% | 1,117 | $18K | Add +27825.0% |
| WELL Welltower Inc. | 0.01% | 174 | $18K | Reduce -19.8% |
| LECO Lincoln Electric Holdings | 0.01% | 96 | $18K | New |
| LLY Eli Lilly & Co. | 0.01% | 20 | $18K | New |
| HOOD Robinhood Markets Inc. Class A | 0.01% | 797 | $18K | New |
| BSX Boston Scientific Corp. | 0.01% | 234 | $18K | New |
| MTN Vail Resorts Inc. | 0.01% | 100 | $18K | New |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.01% | 558 | $18K | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.01% | 126 | $18K | New |
| FOXA Fox Corp. Class A | 0.01% | 523 | $18K | New |
| ACI Albertsons Cos Inc. Class A | 0.01% | 910 | $18K | New |
| BRBR Bellring Brands Inc. | 0.01% | 314 | $18K | New |
| HIG Hartford Insurance Group Inc. | 0.01% | 178 | $18K | New |
| MPC Marathon Petroleum Corp. | 0.01% | 103 | $18K | New |
| IDCC Interdigital Inc. | 0.01% | 153 | $18K | New |
| TM Toyota Motor Corp. -Spon ADR | 0.01% | 87 | $18K | New |
| AMBA Ambarella Inc. | 0.01% | 330 | $18K | New |
| MU Micron Technology Inc. | 0.01% | 135 | $18K | New |
Other holdings (8): bonds, preferreds, convertibles and warrants · $231.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 43,565,000 | $148.3M | Reduce -42.9% |
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | 19,310,000 | $67.0M | New |
| REPLIGEN CORP (RGEN 0.375 07/15/24) | NOTE 0.375% 7/1 · principal | 8,189,000 | $9.8M | New |
| INSMED INC (INSM 1.75 01/15/25) | NOTE 1.750% 1/1 · principal | 1,660,000 | $2.9M | New |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 2,500,000 | $2.7M | New |
| GLAUKOS CORP (GKOS 2.75 06/15/27) | NOTE 2.750% 6/1 · principal | 240,000 | $530K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 47,317 | $6K | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 20,000 | $260 | No change |
Total filed on the 13F, all lines: $378.0M.
Portfolio Sells Q1 2024 → Q2 2024
| FBTC Fidelity Wise Origin Bitcoin | Reduce -80.5% | 3.44% | −15.36 |
| BITB Bitwise Bitcoin ETF | Reduce -28.7% | 20.33% | −10.16 |
| BTCW Wisdomtree Bitcoin Fund | Reduce -85.0% | 0.49% | −2.99 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -92.4% | 0.04% | −1.14 |
| BARCLAYS BANK PLC | Reduce -99.5% | 0.01% | −0.95 |
| FCVT First Trust Ssi Strategi ETF | Reduce -68.1% | 0.42% | −0.77 |
| MO Altria Group Inc. | Reduce -31.4% | 1.23% | −0.30 |
| IBIT iShares Bitcoin Trust ETF | Reduce -81.2% | 0.02% | −0.09 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.04 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.03 |
| KEY Keycorp | Reduce -64.8% | 0.02% | −0.03 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −0.03 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.03 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.02 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.02 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.02 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.02 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.02 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.02 |
| LSXMA Liberty Media Corp. Class A New | Sold out | 0.00% | −0.02 |
| GSL Global Ship Lease Inc. Class A | Sold out | 0.00% | −0.02 |
| SRPT Sarepta Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| XYZ Block Inc. | Sold out | 0.00% | −0.02 |
| RIG Transocean Ltd. | Sold out | 0.00% | −0.02 |
| EVRG Evergy Inc. | Sold out | 0.00% | −0.01 |
| PRGS Progress Software Corp. | Sold out | 0.00% | −0.01 |
| BOX Box Inc. Class A | Sold out | 0.00% | −0.01 |
| IONS Ionis Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| SMTC Semtech Corp. | Sold out | 0.00% | −0.01 |
| RGEN Repligen Corp. | Sold out | 0.00% | −0.01 |
| SWAV Shockwave Medical Inc. | Sold out | 0.00% | −0.01 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.01 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.01 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.01 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −0.01 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.01 |
| NIO Nio Inc. - ADR | Sold out | 0.00% | −0.01 |
| VSH Vishay Intertechnology Inc. | Sold out | 0.00% | −0.01 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.01 |
| FIVN FIVE9 Inc. | Sold out | 0.00% | −0.01 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −0.01 |
| FE Firstenergy Corp. | Sold out | 0.00% | −0.01 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.01 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.01 |
| PPL PPL Corp. | Sold out | 0.00% | −0.01 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.01 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.01 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| CWB SS SPDR BB Conv Sec ETF | Add +221.5% | 13.54% | +9.69 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 4.29% | +4.29 |
| ICVT iShares Convertible Bond ETF | New | 3.61% | +3.61 |
| HYD Vaneck High Yield Muni ETF | New | 3.36% | +3.36 |
| TFI SS SPDR N Ice Muni Bond ETF | New | 3.24% | +3.24 |
| HYMB SS SPDR N Ice HY Muni ETF | New | 1.94% | +1.94 |
| HODL Vaneck Bitcoin ETF | Add +524.6% | 1.37% | +1.14 |
| SUB iShares Short-Term National | New | 1.07% | +1.07 |
| PZA Invesco National Amt-Free Mu | New | 0.99% | +0.99 |
| BRRR Coinshares Bitcoin ETF | Add +26.1% | 2.93% | +0.45 |
| FMB First Trust Managed Municipa | New | 0.35% | +0.35 |
| SPG Simon Property Group Inc. | New | 0.31% | +0.31 |
| SHYD Vaneck SH Hi YLD Muni | New | 0.19% | +0.19 |
| D Dominion Energy Inc. | New | 0.19% | +0.19 |
| BABA Alibaba Group Holding-SP ADR | Add +264.9% | 0.18% | +0.14 |
| PM Philip Morris International | Add +1484.2% | 0.11% | +0.10 |
| TAFI AB Tax Aware Short Dur Muni | New | 0.10% | +0.10 |
| SHM SS SPDR N Ice St Muni ETF | New | 0.10% | +0.10 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +7.1% | 30.34% | +0.07 |
| BBY Best Buy Co. Inc. | New | 0.04% | +0.04 |
| PBR Petroleo Brasileiro-Spon ADR | New | 0.03% | +0.03 |
| TPG TPG Inc. | New | 0.02% | +0.02 |
| XRT SS SPDR S&P Retail ETF | New | 0.02% | +0.02 |
| BTI British American Tob-SP ADR | New | 0.02% | +0.02 |
| KGC Kinross Gold Corp. | New | 0.02% | +0.02 |
| SFM Sprouts Farmers Market Inc. | New | 0.02% | +0.02 |
| SPXC SPX Technologies Inc. | New | 0.02% | +0.02 |
| TRGP Targa Resources Corp. | New | 0.02% | +0.02 |
| EAT Brinker International Inc. | New | 0.02% | +0.02 |
| WMB Williams Cos Inc. | New | 0.02% | +0.02 |
| CLX Clorox Company | New | 0.02% | +0.02 |
| OKE Oneok Inc. | New | 0.02% | +0.02 |
| ACN Accenture PLC Class A | New | 0.02% | +0.02 |
| COST Costco Wholesale Corp. | New | 0.02% | +0.02 |
| PSX Phillips 66 | New | 0.02% | +0.02 |
| THC Tenet Healthcare Corp. | New | 0.02% | +0.02 |
| ETN Eaton Corp. PLC | New | 0.02% | +0.02 |
| WEX Wex Inc. | New | 0.02% | +0.02 |
| CPRI Capri Holdings Ltd. | New | 0.02% | +0.02 |
| BA The Boeing Co. | New | 0.02% | +0.02 |
| CGMU Cap Group Municipal Income | New | 0.02% | +0.02 |
| CAMT Camtek Ltd. | New | 0.01% | +0.01 |
| CZR Caesars Entertainment Inc. | New | 0.01% | +0.01 |
| FICO Fair Isaac Corp. | New | 0.01% | +0.01 |
| AMGN Amgen Inc. | New | 0.01% | +0.01 |
| HUM Humana Inc. | New | 0.01% | +0.01 |
| CRS Carpenter Technology | New | 0.01% | +0.01 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.01% | +0.01 |
| IRM Iron Mountain Inc. | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.01% | +0.01 |
Notes & Other Activity Q1 2024 → Q2 2024
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -42.9% | 43,565,000 | $148.3M |
| NEUROCRINE BIOSCIENCES (NBIX 2.25 05/15/24) | NOTE 2.250% 5/1 · principal | Sold out | 39,331,000 | $71.2Mbefore exit |
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | New | 19,310,000 | $67.0M |
| CLARIVATE PLC (CLVT 5.25 06/01/24 A) | 5.25% PFD CONV A | Sold out | 799,093 | $23.8Mbefore exit |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Sold out | 5,286,000 | $16.2Mbefore exit |
| REPLIGEN CORP (RGEN 0.375 07/15/24) | NOTE 0.375% 7/1 · principal | New | 8,189,000 | $9.8M |
| PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25) | NOTE 0.250% 5/1 · principal | Sold out | 3,332,000 | $9.2Mbefore exit |
| GUESS INC (GES 2 04/15/24) | NOTE 2.000% 4/1 · principal | Sold out | 7,629,000 | $8.5Mbefore exit |
| UGI CORP (UGI 7.25 06/01/24) | UNIT 06/01/2024 | Sold out | 78,979 | $4.6Mbefore exit |
| INSMED INC (INSM 1.75 01/15/25) | NOTE 1.750% 1/1 · principal | New | 1,660,000 | $2.9M |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | New | 2,500,000 | $2.7M |
| PARAMOUNT GLOBAL (SKYD 5.75 04/01/24 A) | 5.75% CONV PFD A | Sold out | 166,689 | $2.3Mbefore exit |
| ALGONQUIN PWR & (AQNCN 7.75 06/15/24) | UNIT 06/15/2024 | Sold out | 83,618 | $1.8Mbefore exit |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Sold out | 200,000 | $215Kbefore exit |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Sold out | 2,144 | $137Kbefore exit |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 3,016 | $119Kbefore exit |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 644 | $42Kbefore exit |
| RBC BEARINGS INC (RBC 5 10/15/24 A) | 5% CNV PFD SR A | Sold out | 218 | $27Kbefore exit |
| RPD RAPID7 Inc. | COM · principal | Sold out | 211 | $10Kbefore exit |
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 | 650 | $579.9M | NVDA, MSFT, AAPL, INTC, AMZN |
| Q1 2026 | 599 | $321.0M | NVDA, SPY, BSMT, TLT, CLOA |
| Q4 2025 | 374 | $650.7M | MSFT, TSLA, NVDA, BSOL, AMZN |
| Q3 2025 | 116 | $1.2B | SEA LTD (SEALTD 2.375 12/01/25), TSLA, MSFT, TSM, AMZN |
| Q2 2025 | 307 | $312.7M | IBIT, FBTC, FETH, ETHA, ETH |
| Q1 2025 | 282 | $379.0M | MSFT, AAPL, META, TSLA, NVDA |
| Q4 2024 | 487 | $646.0M | AAPL, MSFT, NVDA, ETH, ETHW |
| Q3 2024 | 360 | $44.6M | BITB, CWB, ARKB, FCVT, CVRT |
| Q2 2024 | 184 | $146.8M | ARKB, BITB, CWB, VTEB, CVRT |
| Q1 2024Amended | 225 | $162.6M | BITB, ARKB, FBTC, CVRT, CWB |