Elequin Capital, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Elequin Capital, LP reported 599 stock positions worth $321.0 million. Its top holding was Nvidia (NVDA) at 22.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 7.1%) and Invesco Bulletshares 2029 MB (BSMT, 6.9%). Compared with Q4 2025, it opened 328 new positions, sold out of 103, added to 52 and reduced 213. The biggest buy was Invesco Bulletshares 2029 MB (BSMT, shares +1110%) and the biggest sale Microsoft (MSFT, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001810873
- Portfolio Value
- $321.0M (Q1 2026)
- SEC Filing
- 0001420506-26-000905 ↗ filed May 11, 2026
Holdings Value
Holdings 599 stocks · $321.0M
| NVDA Nvidia Corp. | 22.43% | 412,824 | $72.0M | Reduce -10.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 7.15% | 35,279 | $22.9M | Reduce -21.6% |
| BSMT Invesco Bulletshares 2029 MB | 6.90% | 943,376 | $22.1M | Add +1110.5% |
| TLT iShares 20+ Year Treasury BD | 6.34% | 395,380 | $20.3M | New |
| CLOA iShares Aaa Clo Act ETF-Usdi | 3.92% | 317,152 | $12.6M | Add +157687.1% |
| BSOL Bitwise Solana Staking ETF | 2.89% | 839,953 | $9.3M | Reduce -78.7% |
| BITB Bitwise Bitcoin ETF | 2.64% | 230,080 | $8.5M | Add +43.8% |
| GCAL Dynamic California Muni ETF | 2.54% | 160,596 | $8.2M | New |
| SCHY Schwab International DVD ETF | 2.48% | 292,658 | $7.9M | New |
| CGMU Cap Group Municipal Income | 2.25% | 274,283 | $7.2M | Add +1608.9% |
| FEMB First Trust Emerging Markets | 2.09% | 153,638 | $6.7M | Add +2424.4% |
| IBIT iShares Bitcoin Trust ETF | 1.98% | 165,264 | $6.3M | Add +491.2% |
| FBTC Fidelity Wise Origin Bitcoin | 1.72% | 93,700 | $5.5M | Add +1071.3% |
| GRID First TRST Nasd Class Edg Sgiif | 1.66% | 216,061 | $5.3M | New |
| GSOL Grayscale Solana Staking ETF | 1.59% | 831,068 | $5.1M | Reduce -52.5% |
| COIN Coinbase Global Inc. Class A | 1.32% | 24,245 | $4.2M | Add +25.1% |
| MSTR Strategy Inc. | 1.29% | 33,141 | $4.1M | Add +10.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.28% | 81,903 | $4.1M | Reduce -41.9% |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | 1.11% | 73,087 | $3.6M | New |
| PVAL Putnam Focused LRG Cap Value | 1.10% | 401,086 | $3.5M | New |
| FEGE First Eagle GL Equity ETF | 1.02% | 69,416 | $3.3M | New |
| MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E | 0.99% | 132,867 | $3.2M | Add +169.1% |
| LONZ PIMCO Senior Loan Active ETF | 0.98% | 75,760 | $3.1M | Add +94600.0% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.95% | 72,059 | $3.1M | New |
| TSLA Tesla Inc. | 0.90% | 7,738 | $2.9M | Reduce -97.1% |
| EVSM Eaton Vance SHRT Dur Muni | 0.88% | 56,315 | $2.8M | New |
| BA The Boeing Co. | 0.84% | 13,587 | $2.7M | Add +743.9% |
| SMCI Super Micro Computer Inc. | 0.78% | 110,602 | $2.5M | Add +205.3% |
| INCM Franklin Income Focus ETF | 0.75% | 84,333 | $2.4M | Add +9291.2% |
| PLTR Palantir Technologies Inc. Class A | 0.75% | 16,369 | $2.4M | Reduce -15.5% |
| VRIG Invesco Variable Rate Invest | 0.71% | 46,037 | $2.3M | Add +32320.4% |
| HIMS Hims & Hers Health Inc. | 0.71% | 109,353 | $2.3M | Add +44352.4% |
| GDX Vaneck Gold Miners ETF | 0.65% | 60,173 | $2.1M | Add +482.6% |
| ARKB ARK 21SHARES Bitcoin ETF | 0.65% | 92,916 | $2.1M | Add +5411.0% |
| GDMN Wisdomtree Eff Gold PL Miner | 0.63% | 24,123 | $2.0M | New |
| HYGH iShares Int Rate Hedg HY ETF | 0.56% | 21,199 | $1.8M | New |
| BMNR Bitmine Immersion Technologi | 0.54% | 88,233 | $1.7M | New |
| TAFI AB Tax Aware Short Dur Muni filed as AB ACTIVE ETFS INC | 0.51% | 64,429 | $1.6M | New |
| PZA Invesco National Amt-Free Mu | 0.47% | 65,700 | $1.5M | New |
| VSOL Vaneck Solana ETF | 0.47% | 137,200 | $1.5M | Add +5.5% |
| SHLD Global X Defense Tech ETF | 0.39% | 17,829 | $1.3M | New |
| TAXF American Century Diver Muni | 0.38% | 24,174 | $1.2M | New |
| VTEI Vanguard Int Tax-Exempt Bond | 0.33% | 12,361 | $1.1M | Reduce -12.1% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.30% | 9,716 | $963K | Add +323766.7% |
| MSTZ T-Rex 2X Inverse MSTR DT ETF | 0.29% | 41,107 | $937K | Add +11070.4% |
| SHM SS SPDR N Ice St Muni ETF | 0.29% | 31,214 | $921K | New |
| VSEC Vse Corp. | 0.27% | 4,766 | $879K | New |
| SCCO Southern Copper Corp. | 0.25% | 4,728 | $814K | New |
| JPM JPMorgan Chase & Co. | 0.25% | 2,711 | $797K | New |
| BRRR Coinshares Bitcoin ETF | 0.25% | 41,168 | $788K | Add +1515.1% |
| EWQ iShares MSCI France ETF | 0.24% | 12,292 | $786K | New |
| AIS Vistashares Ais ETF | 0.24% | 18,562 | $778K | New |
| BAP Credicorp Ltd. | 0.24% | 2,265 | $768K | New |
| PSLV Sprott Physical Silver Trust | 0.23% | 30,000 | $732K | New |
| ETHB Ishr Staked Ether TRST ETF | 0.20% | 23,323 | $629K | New |
| RGTI Rigetti Computing Inc. | 0.18% | 41,561 | $584K | New |
| LTM Latam Airlines Group SA-ADR | 0.17% | 11,276 | $557K | New |
| CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS | 0.17% | 46,811 | $531K | New |
| KKR KKR & Co. Inc. | 0.16% | 5,547 | $513K | Add +3752.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.16% | 1,514 | $512K | Reduce -39.4% |
| QXO Qxo Inc. | 0.15% | 25,282 | $491K | Add +10892.2% |
| AMD Advanced Micro Devices | 0.14% | 2,245 | $457K | Reduce -97.8% |
| AVGO Broadcom Inc. | 0.14% | 1,472 | $456K | Reduce -97.1% |
| RKLB Rocket Lab Corp. | 0.14% | 6,942 | $446K | New |
| FSOL Fidelity Solana Fund | 0.13% | 43,567 | $425K | Reduce -88.2% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.12% | 3,886 | $393K | New |
| AZN Astrazeneca PLC | 0.11% | 1,753 | $346K | New |
| CAIE Calamos Autocallable Inc. ETF | 0.10% | 11,330 | $309K | Reduce -65.7% |
| MUST Columbia Multi-Sect Muni Inc. | 0.09% | 14,820 | $304K | New |
| HMOP Hartford Municipal Opp ETF | 0.09% | 7,363 | $285K | New |
| FIVA Fidelity Intl Val Fact ETF | 0.09% | 8,132 | $283K | New |
| ULTY Yieldmax Ultra Option Inc. | 0.09% | 8,924 | $274K | Reduce -42.1% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | 0.08% | 370 | $260K | New |
| HUBB Hubbell Inc. | 0.08% | 524 | $257K | New |
| NGG National Grid PLC-SP ADR | 0.08% | 3,021 | $256K | New |
| KTOS Kratos Defense & Security | 0.07% | 3,381 | $238K | New |
| FSM Fortuna Mining Corp. | 0.07% | 22,996 | $228K | New |
| NOVT Novanta Inc. | 0.07% | 1,895 | $224K | Add +396.1% |
| ETN Eaton Corp. PLC | 0.07% | 597 | $214K | New |
| RTX RTX Corp. | 0.07% | 1,094 | $211K | New |
| TTE Totalenergies SE | 0.07% | 2,313 | $210K | New |
| MU Micron Technology Inc. | 0.06% | 576 | $195K | New |
| SO The Southern Co. | 0.06% | 1,983 | $191K | Reduce -69.5% |
| EMR Emerson Electric Co. | 0.06% | 1,430 | $187K | New |
| NOC Northrop Grumman Corp. | 0.05% | 243 | $166K | New |
| PULS Pgim Ultra Short Bond ETF | 0.05% | 3,306 | $165K | Add +43.7% |
| MUNY Vanguard NY Tax-Ex Bond | 0.05% | 1,597 | $164K | Reduce -93.2% |
| LHX L3HARRIS Technologies Inc. | 0.05% | 449 | $155K | New |
| B Barrick Mining Corp. | 0.05% | 3,787 | $154K | New |
| NWG Natwest Group PLC -Spon ADR | 0.05% | 10,317 | $154K | New |
| INTC Intel Corp. | 0.05% | 3,334 | $147K | New |
| WPM Wheaton Precious Metals Corp. | 0.05% | 1,109 | $145K | New |
| APLD Applied Digital Corp. | 0.04% | 6,058 | $144K | Add +398.2% |
| VNET Vnet Group Inc.-ADR | 0.04% | 16,917 | $142K | New |
| EQIX Equinix Inc. | 0.04% | 143 | $140K | New |
| WELL Welltower Inc. | 0.04% | 702 | $139K | Add +44.4% |
| MELI MercadoLibre Inc. | 0.04% | 79 | $137K | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.04% | 3,380 | $136K | Add +734.6% |
| WDC Western Digital Corp. | 0.04% | 495 | $134K | Reduce -59.3% |
| UI Ubiquiti Inc. | 0.04% | 169 | $134K | New |
Options reported separately and not counted above: NVDA puts ($71.5M), GLD calls ($11.6M), IBIT calls ($8.4M), SPY calls ($5.3M), SPY puts ($585K), HSY puts ($104K).
Other holdings (21): bonds, preferreds, convertibles and warrants · $771.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 463,249,000 | $510.9M | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 69,562,000 | $93.6M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 33,700,000 | $50.2M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 45,877,000 | $50.1M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 8,106,000 | $24.8M | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 235,904 | $12.2M | Add +1401.8% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 779,000 | $7.9M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 63,959 | $4.2M | New |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 88,408 | $4.1M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 63,364 | $3.7M | Add +247.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 39,228 | $3.1M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 40,541 | $1.7M | Add +123.6% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 42,954 | $1.6M | Add +275.7% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 9,711 | $1.4M | Add +7313.0% |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 23,122 | $950K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 7,208 | $481K | New |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 1,148 | $303K | Add +1234.9% |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | 5,061 | $252K | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 411 | $22K | New |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 47,317 | $18K | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 20,000 | $2K | No change |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -100.0% | 0.00% | −18.58 |
| TSLA Tesla Inc. | Reduce -97.1% | 0.90% | −17.50 |
| BSOL Bitwise Solana Staking ETF | Reduce -78.7% | 2.89% | −7.03 |
| AMZN Amazon.com Inc. | Reduce -99.9% | 0.01% | −5.31 |
| AMD Advanced Micro Devices | Reduce -97.8% | 0.14% | −3.29 |
| AVGO Broadcom Inc. | Reduce -97.1% | 0.14% | −2.52 |
| AAPL Apple Inc. | Reduce -100.0% | 0.00% | −2.09 |
| GSOL Grayscale Solana Staking ETF | Reduce -52.5% | 1.59% | −0.86 |
| XOVR Ershares Private-Public Cros | Sold out | 0.00% | −0.77 |
| DFNM Dimensional National Muni BD | Sold out | 0.00% | −0.74 |
| FLMI Franklin Dynamic Municipal B | Sold out | 0.00% | −0.71 |
| FSOL Fidelity Solana Fund | Reduce -88.2% | 0.13% | −0.69 |
| BSMR Invesco Bulletshares 2027 MB | Sold out | 0.00% | −0.56 |
| HYMB SS SPDR N Ice HY Muni ETF | Sold out | 0.00% | −0.51 |
| MMIT Nylim Mackay Muni Intermedia | Sold out | 0.00% | −0.50 |
| VCRM Vanguard Core Tax-Ex Bond | Sold out | 0.00% | −0.41 |
| JMSI JPM Sus Municipal Income | Sold out | 0.00% | −0.36 |
| BSSX Invesco Bulletshares 2033 MB | Sold out | 0.00% | −0.35 |
| TAFM AB Tax Aware Inter Muni | Sold out | 0.00% | −0.34 |
| BSMZ Inves Bltshrs 2035 MB ETF | Sold out | 0.00% | −0.33 |
| MUNY Vanguard NY Tax-Ex Bond | Reduce -93.2% | 0.05% | −0.32 |
| DFCA Dimensional Calfornia MB ETF | Sold out | 0.00% | −0.26 |
| BSMV Invesco Bulletshares 2031 MB | Sold out | 0.00% | −0.24 |
| SMMU PIMCO SHRT TRM Muni BND ETF | Sold out | 0.00% | −0.23 |
| PWZ Invesco California Amt-Free | Sold out | 0.00% | −0.23 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Sold out | 0.00% | −0.23 |
| BSMU Invesco Bulletshares 2030 MB | Sold out | 0.00% | −0.22 |
| BSMQ Invesco Bulletshares 2026 MB | Sold out | 0.00% | −0.20 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.20 |
| TLTW iShares 20+ Bond Buywrite | Sold out | 0.00% | −0.19 |
| MINO PIMCO Municipal Income Oppor | Sold out | 0.00% | −0.19 |
| IBMT iShares Ibonds Dec 2031 Muni | Sold out | 0.00% | −0.18 |
| HIMU iShares High Yild Muni A ETF | Sold out | 0.00% | −0.17 |
| VSDM Vanguard Short Tax-Ex Bond | Sold out | 0.00% | −0.17 |
| FSMB First Trust Short Dur Manag | Sold out | 0.00% | −0.16 |
| SCMB Schwab Municipal Bond ETF | Sold out | 0.00% | −0.14 |
| BSMW Invesco Bulletshares 2032 MB | Sold out | 0.00% | −0.13 |
| JMUB JPMorgan Municipal ETF | Sold out | 0.00% | −0.13 |
| FMB First Trust Managed Municipa | Sold out | 0.00% | −0.13 |
| FTHI Fthi/First Trust Exchange-TR | Sold out | 0.00% | −0.12 |
| MUNI PIMCO Intermediate Municipal | Sold out | 0.00% | −0.12 |
| BSMY Invesco Bulletshares 2034 MB | Sold out | 0.00% | −0.12 |
| MEAR Ishrs Short Mat Muni Act ETF | Sold out | 0.00% | −0.12 |
| IBMR iShares Ibonds Dec 2029 M BD | Sold out | 0.00% | −0.12 |
| FCVT First Trust Ssi Strategi ETF | Sold out | 0.00% | −0.12 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.10 |
| SHYM iShares Short Duration High | Sold out | 0.00% | −0.10 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.09 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -99.6% | 0.00% | −0.08 |
| INMU iShares Intermediate Muni Inc. | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2025 → Q1 2026
| BSMT Invesco Bulletshares 2029 MB | Add +1110.5% | 6.90% | +6.62 |
| TLT iShares 20+ Year Treasury BD | New | 6.34% | +6.34 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Add +157687.1% | 3.92% | +3.92 |
| GCAL Dynamic California Muni ETF | New | 2.54% | +2.54 |
| SCHY Schwab International DVD ETF | New | 2.48% | +2.48 |
| CGMU Cap Group Municipal Income | Add +1608.9% | 2.25% | +2.18 |
| FEMB First Trust Emerging Markets | Add +2424.4% | 2.09% | +2.06 |
| IBIT iShares Bitcoin Trust ETF | Add +491.2% | 1.98% | +1.76 |
| GRID First TRST Nasd Class Edg Sgiif | New | 1.66% | +1.66 |
| FBTC Fidelity Wise Origin Bitcoin | Add +1071.3% | 1.72% | +1.63 |
| BITB Bitwise Bitcoin ETF | Add +43.8% | 2.64% | +1.47 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | New | 1.11% | +1.11 |
| PVAL Putnam Focused LRG Cap Value | New | 1.10% | +1.10 |
| FEGE First Eagle GL Equity ETF | New | 1.02% | +1.02 |
| LONZ PIMCO Senior Loan Active ETF | Add +94600.0% | 0.98% | +0.98 |
| CGDV Cap Group Dividend Value | New | 0.95% | +0.95 |
| EVSM Eaton Vance SHRT Dur Muni | New | 0.88% | +0.88 |
| MMIN Nylim Mackay Muni Insured Et | Add +169.1% | 0.99% | +0.81 |
| BA The Boeing Co. | Add +743.9% | 0.84% | +0.79 |
| INCM Franklin Income Focus ETF | Add +9291.2% | 0.75% | +0.75 |
| VRIG Invesco Variable Rate Invest | Add +32320.4% | 0.71% | +0.71 |
| HIMS Hims & Hers Health Inc. | Add +44352.4% | 0.71% | +0.71 |
| COIN Coinbase Global Inc. Class A | Add +25.1% | 1.32% | +0.65 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +5411.0% | 0.65% | +0.64 |
| GDMN Wisdomtree Eff Gold PL Miner | New | 0.63% | +0.63 |
| SMCI Super Micro Computer Inc. | Add +205.3% | 0.78% | +0.62 |
| MSTR Strategy Inc. | Add +10.6% | 1.29% | +0.59 |
| HYGH iShares Int Rate Hedg HY ETF | New | 0.56% | +0.56 |
| BMNR Bitmine Immersion Technologi | New | 0.54% | +0.54 |
| GDX Vaneck Gold Miners ETF | Add +482.6% | 0.65% | +0.52 |
| TAFI AB Tax Aware Short Dur Muni | New | 0.51% | +0.51 |
| PZA Invesco National Amt-Free Mu | New | 0.47% | +0.47 |
| SHLD Global X Defense Tech ETF | New | 0.39% | +0.39 |
| TAXF American Century Diver Muni | New | 0.38% | +0.38 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +323766.7% | 0.30% | +0.30 |
| MSTZ T-Rex 2X Inverse MSTR DT ETF | Add +11070.4% | 0.29% | +0.29 |
| SHM SS SPDR N Ice St Muni ETF | New | 0.29% | +0.29 |
| VSEC Vse Corp. | New | 0.27% | +0.27 |
| SCCO Southern Copper Corp. | New | 0.25% | +0.25 |
| JPM JPMorgan Chase & Co. | New | 0.25% | +0.25 |
| EWQ iShares MSCI France ETF | New | 0.24% | +0.24 |
| AIS Vistashares Ais ETF | New | 0.24% | +0.24 |
| BAP Credicorp Ltd. | New | 0.24% | +0.24 |
| BRRR Coinshares Bitcoin ETF | Add +1515.1% | 0.25% | +0.24 |
| PSLV Sprott Physical Silver Trust | New | 0.23% | +0.23 |
| ETHB Ishr Staked Ether TRST ETF | New | 0.20% | +0.20 |
| RGTI Rigetti Computing Inc. | New | 0.18% | +0.18 |
| LTM Latam Airlines Group SA-ADR | New | 0.17% | +0.17 |
| CCU Cia Cervecerias Uni-Spon ADR | New | 0.17% | +0.17 |
| KKR KKR & Co. Inc. | Add +3752.1% | 0.16% | +0.16 |
Options Activity Q4 2025 → Q1 2026
| TSLA Tesla Inc. | put | Sold out | 310,000 | $139.4Mbefore exit |
| MSFT Microsoft Corp. | put | Sold out | 250,000 | $120.9Mbefore exit |
| NVDA Nvidia Corp. | put | Reduce -46.0% | 410,000 | $71.5M |
| NVDA Nvidia Corp. | call | Sold out | 300,000 | $56.0Mbefore exit |
| AMZN Amazon.com Inc. | put | Sold out | 150,000 | $34.6Mbefore exit |
| AMD Advanced Micro Devices | put | Sold out | 106,000 | $22.7Mbefore exit |
| TSLA Tesla Inc. | call | Sold out | 50,000 | $22.5Mbefore exit |
| AVGO Broadcom Inc. | put | Sold out | 50,000 | $17.3Mbefore exit |
| AAPL Apple Inc. | put | Sold out | 50,000 | $13.6Mbefore exit |
| GLD SPDR Gold Shares | call | New | 27,000 | $11.6M |
| IBIT iShares Bitcoin Trust ETF | call | Add +68.5% | 219,000 | $8.4M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 8,100 | $5.3M |
| META Meta Platforms Inc. Class A | put | Sold out | 2,500 | $1.7Mbefore exit |
| META Meta Platforms Inc. Class A | call | Sold out | 1,500 | $990Kbefore exit |
| TSM Taiwan Semiconductor-SP ADR | put | Sold out | 2,500 | $760Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 900 | $585K |
| AMD Advanced Micro Devices | call | Sold out | 2,000 | $428Kbefore exit |
| XOM Exxon Mobil Corp. | call | Sold out | 3,000 | $361Kbefore exit |
| ASML ASML Holding NV-NY Reg SHS | put | Sold out | 100 | $107Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | New | 463,249,000 | $510.9M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | New | 69,562,000 | $93.6M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Sold out | 27,856,000 | $70.1Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 33,700,000 | $50.2M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | New | 45,877,000 | $50.1M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Sold out | 22,938,000 | $26.9Mbefore exit |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | New | 8,106,000 | $24.8M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +1401.8% | 235,904 | $12.2M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 10,415,000 | $11.6Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | New | 779,000 | $7.9M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 63,959 | $4.2M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 88,408 | $4.1M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +247.7% | 63,364 | $3.7M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 39,228 | $3.1M |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | Sold out | 1,500,000 | $2.0Mbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +123.6% | 40,541 | $1.7M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +275.7% | 42,954 | $1.6M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Add +7313.0% | 9,711 | $1.4M |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | New | 23,122 | $950K |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Sold out | 10,246 | $497Kbefore exit |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | New | 7,208 | $481K |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Sold out | 7,842 | $405Kbefore exit |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | Add +1234.9% | 1,148 | $303K |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | New | 5,061 | $252K |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Sold out | 419 | $23Kbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 411 | $22K |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Sold out | 104 | $94before exit |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Sold out | 104 | $54before exit |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Sold out | 104 | $42before 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 |