Ghisallo Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Ghisallo Capital Management LLC reported 272 stock positions worth $3.6 billion. Its top holding was Medline Class A (MDLN) at 5.6% of the portfolio, followed by Xpeng Inc. - ADR (XPEV, 3.6%) and Hyuhi 05/04/31 CVT Put (3.1%). Compared with Q4 2025, it opened 136 new positions, sold out of 69, added to 16 and reduced 25. The biggest buy was Medline Class A (MDLN, shares +405%) and the biggest sale an exit from Chpac 091830 CVT Put.
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001825214
- Portfolio Value
- $3.6B (Q1 2026)
- SEC Filing
- 0001172661-26-002270 ↗ filed May 15, 2026
Holdings Value
Holdings 272 stocks · $3.6B
| MDLN Medline Inc. Class A | 5.61% | 4,546,674 | $202.3M | Add +405.2% |
| XPEV Xpeng Inc. - ADR | 3.56% | 7,500,000 | $128.3M | No change |
| HYUHI 05/04/31 CVT PUT | 3.06% | 110,000,000 | $110.3M | New |
| TSLA Tesla Inc. | 2.83% | 275,000 | $102.2M | New |
| NVDA Nvidia Corp. | 2.66% | 550,000 | $95.9M | New |
| ZTOEC 0925 030131 CVT PUT | 2.64% | 95,000,000 | $95.4M | New |
| MSFT Microsoft Corp. | 2.56% | 250,000 | $92.5M | New |
| WIWYNN CORP (WIWYNN 0 04/01/31) | 2.43% | 90,000,000 | $87.8M | New |
| CHPAC 09/18/30 CVT PUT | 2.42% | 675,000,000 | $87.5M | New |
| GFS Globalfoundries Inc. | 2.22% | 1,800,000 | $80.1M | New |
| TT Trane Technologies PLC | 2.02% | 175,000 | $72.9M | New |
| JCI Johnson Controls Internation | 2.00% | 550,000 | $72.0M | New |
| NIPST 02/14/29 CVT | 1.88% | 10,590,000,000 | $68.0M | New |
| ORCL Oracle Corp. | 1.86% | 457,000 | $67.2M | New |
| JTGLF J&T Global Express Ltd. filed as BLTIV 02/05/33 CVT PUT | 1.82% | 544,000,000 | $65.5M | New |
| NBIS Nebius Group NV | 1.65% | 575,000 | $59.7M | No change |
| NEBIUS GROUP NV (NBIS 1.25 03/15/31) filed as NBIS 1.250 03/15/31 CVT | 1.59% | 60,000,000 | $57.5M | New |
| FPS Forgent Power Solutions Class A | 1.50% | 1,850,000 | $54.1M | New |
| NEBIUS GROUP NV (NBIS 2.625 03/15/33 .) filed as NBIS 2.625 03/15/33 CVT | 1.42% | 55,000,000 | $51.2M | New |
| HUTAI 02/08/27 CVT | 1.38% | 400,000,000 | $49.9M | New |
| NIPST 02/14/31 CVT PUT | 1.25% | 6,990,000,000 | $45.1M | New |
| ULS Ul Solutions Inc. Class A | 1.19% | 500,000 | $42.9M | Reduce -64.3% |
| KTOS Kratos Defense & Security | 1.17% | 600,000 | $42.3M | Add +200.0% |
| GALAXY DIGITAL HOLDIN LP (GLXYLP 0.5 05/01/31) filed as GLXY 0.500 05/01/31 CVT | 1.14% | 58,300,000 | $41.3M | Reduce -38.6% |
| BABA 091532 CVT PUT | 1.13% | 42,500,000 | $40.9M | Reduce -68.9% |
| ROL Rollins Inc. | 1.11% | 750,000 | $40.1M | Reduce -25.0% |
| AS Amer Sports Inc. | 1.09% | 1,200,000 | $39.5M | Add +380.0% |
| MIAX Miami International Holdings | 1.08% | 1,000,000 | $38.9M | Add +79.4% |
| ZIJMF Zijin Mining Group Co. Ltd. Class H filed as ZJMGC 02/05/31 CVT PUT | 1.05% | 41,000,000 | $37.9M | New |
| DUKE ENERGY CORP (DUK 3 03/15/29) filed as DUK 3.000 03/15/29 CVT | 0.97% | 35,000,000 | $35.1M | New |
| GEV GE Vernova Inc. | 0.97% | 40,000 | $34.9M | New |
| HNSPF Hansoh Pharmaceutical Group filed as SRIAD 02/03/33 CVT PUT | 0.92% | 273,000,000 | $33.2M | New |
| DOCN Digitalocean Holdings Inc. | 0.90% | 380,000 | $32.6M | New |
| SARO Standardaero Inc. | 0.86% | 1,200,000 | $31.0M | Add +500.0% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.84% | 750,000 | $30.2M | New |
| KGS Kodiak Gas Services Inc. | 0.81% | 500,000 | $29.2M | Reduce -58.3% |
| PIAIF Ping An Insurance Group Co. Class H filed as PINGA 06/11/30 CVT PUT | 0.79% | 191,000,000 | $28.6M | New |
| LXU LSB Industries Inc. | 0.78% | 1,900,000 | $28.3M | New |
| LGN Legence Corp. Class A | 0.78% | 500,000 | $28.2M | No change |
| VSEC Vse Corp. | 0.77% | 150,000 | $27.7M | Add +328.6% |
| LAR Lithium Argentina AG | 0.73% | 3,919,802 | $26.2M | New |
| ZM Zoom Communications Inc. | 0.72% | 325,000 | $26.1M | New |
| JOBY Joby Aviation Inc. | 0.72% | 3,129,666 | $25.9M | Add +943.2% |
| LTM Latam Airlines Group SA-ADR | 0.68% | 500,000 | $24.7M | New |
| HEI Heico Corp. | 0.68% | 90,000 | $24.7M | New |
| NIO Nio Inc. - ADR | 0.67% | 4,000,000 | $24.1M | Reduce -50.0% |
| IONQ Ionq Inc. | 0.60% | 750,000 | $21.6M | New |
| WICOF Wistron Corp. filed as WISTR 10/23/30 CVT PUT | 0.58% | 23,900,000 | $20.8M | New |
| RDDT Reddit Inc. Class A | 0.56% | 150,000 | $20.2M | New |
| FANG Diamondback Energy Inc. | 0.55% | 100,000 | $19.8M | No change |
| QXO Qxo Inc. | 0.54% | 1,000,000 | $19.4M | Add +400.0% |
| VNOM Viper Energy Inc. Class A | 0.52% | 400,000 | $18.8M | Add +300.0% |
| BKV BKV Corporation | 0.51% | 650,000 | $18.5M | Add +116.7% |
| KRMN Karman Holdings Inc. | 0.50% | 225,000 | $18.0M | No change |
| JAN Janus Living Inc. Class-A-1 | 0.49% | 750,000 | $17.7M | New |
| VIPS Vipshop Holdings Ltd. - ADR | 0.44% | 999,999 | $15.7M | New |
| IPFXU Inflection Point Acquisition | 0.42% | 1,500,000 | $15.2M | New |
| NSC Norfolk Southern Corp. | 0.41% | 52,000 | $14.9M | New |
| FTW Presidio Production Co. Class A | 0.39% | 1,264,412 | $13.9M | New |
| JPM 010 011229 MTN | 0.38% | 12,000,000 | $13.7M | New |
| SYM Symbotic Inc. | 0.37% | 250,000 | $13.3M | Reduce -76.4% |
| TTAN Servicetitan Inc. Class A | 0.35% | 200,000 | $12.7M | No change |
| COREWEAVE INC (CRWV 1.75 12/01/31) | 0.35% | 12,500,000 | $12.6M | Add +19.1% |
| ALH Alliance Laundry Holdings Inc. | 0.34% | 600,000 | $12.4M | No change |
| BE Bloom Energy Corp. Class A | 0.34% | 90,000 | $12.2M | New |
| HSAI Hesai Group | 0.32% | 600,000 | $11.5M | New |
| LOAR Loar Holdings Inc. | 0.32% | 200,000 | $11.5M | No change |
| MDA Mda Space Ltd. | 0.32% | 450,000 | $11.4M | New |
| VNET Vnet Group Inc.-ADR | 0.29% | 1,250,000 | $10.5M | New |
| KCCOP 1.750 07/10/30 CVT PUT | 0.29% | 10,000,000 | $10.4M | New |
| WEC 3.375 06/01/28 CVT | 0.29% | 10,000,000 | $10.4M | New |
| TACH Titan Acquisition Corp. Class A | 0.29% | 1,000,000 | $10.3M | No change |
| KRSP Rice Acquisition Corp. 3-A | 0.29% | 1,000,000 | $10.3M | No change |
| NPAC New Providence Acquisition-A | 0.28% | 1,000,000 | $10.3M | No change |
| KOS Kosmos Energy Ltd. | 0.28% | 3,675,000 | $10.2M | New |
| BCSS Bain Capital GSS Inv- A | 0.28% | 1,000,000 | $10.1M | No change |
| KBON Karbon Capital Partners Class A | 0.28% | 1,000,000 | $10.1M | No change |
| NTWO Newbury Street II Ac Class A | 0.28% | 950,000 | $10.0M | No change |
| APP AppLovin Corp. Class A | 0.28% | 25,000 | $9.9M | New |
| AST SPACEMOBILE INC (ASTS 2.25 04/15/36) filed as ASTS 2.250 04/15/36 CVT | 0.27% | 10,000,000 | $9.6M | New |
| ALDF Aldel Financial II Inc. | 0.26% | 900,000 | $9.5M | No change |
| GLXY Galaxy Digital Inc. Class A | 0.26% | 500,000 | $9.2M | No change |
| YSS York Space Systems Inc. | 0.25% | 407,837 | $9.0M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.24% | 7,500,000 | $8.8M | New |
| WAY Waystar Holding Corp. | 0.23% | 350,000 | $8.4M | No change |
| ATII Archimedes Tech Spac Partner | 0.23% | 800,000 | $8.3M | No change |
| EVAC.U Eqv Ventures Acquisition Cor | 0.23% | 800,000 | $8.1M | No change |
| WBI Waterbridge Infrastruc Class A | 0.22% | 300,000 | $8.0M | No change |
| POR Portland General Electric Co. | 0.22% | 150,000 | $7.9M | New |
| CRWV Coreweave Inc. Class A | 0.21% | 100,000 | $7.7M | No change |
| USAR USA Rare Earth Inc. | 0.21% | 500,000 | $7.6M | New |
| DMII Drugs Made in America Acquis | 0.21% | 750,000 | $7.5M | No change |
| CTRI Centuri Holdings Inc. | 0.20% | 250,000 | $7.3M | Reduce -37.5% |
| SLDE Slide Insurance Holdings Inc. | 0.20% | 400,000 | $7.2M | No change |
| EQPT Equipmentshare.com Inc. Class A | 0.20% | 350,000 | $7.1M | New |
| LASR Nlight Inc. | 0.20% | 125,000 | $7.1M | New |
| AHR American Healthcare REIT Inc. | 0.20% | 150,000 | $7.1M | No change |
| LB Landbridge Co. LLC-A | 0.19% | 100,000 | $6.9M | Add +99.1% |
| FIGR Figure Technology Solut Class A | 0.19% | 200,000 | $6.8M | No change |
| ANSC Agriculture & Natural Soluti | 0.19% | 600,000 | $6.8M | No change |
Other holdings (3): bonds, preferreds, convertibles and warrants · $20.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 450,000 | $20.6M | New |
| IEAGR Infinite Eagle Acquis-Rights | RIGHT 01/13/2031 | 450,000 | $81K | New |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 750,000 | $60K | No change |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q4 2025 → Q1 2026
| CHPAC 091830 CVT PUT | Sold out | 0.00% | −5.52 |
| BABA 091532 CVT PUT | Reduce -68.9% | 1.13% | −5.14 |
| PINGA 061130 CVT PUT | Sold out | 0.00% | −3.77 |
| ULS Ul Solutions Inc. Class A | Reduce -64.3% | 1.19% | −3.74 |
| ITT Itt Inc. | Sold out | 0.00% | −3.49 |
| SYM Symbotic Inc. | Reduce -76.4% | 0.37% | −2.45 |
| GALAXY DIGITAL HOLDIN LP (GLXYLP 0.5 05/01/31) | Reduce -38.6% | 1.14% | −2.07 |
| NNE Nano Nuclear Energy Inc. | Sold out | 0.00% | −1.71 |
| ROL Rollins Inc. | Reduce -25.0% | 1.11% | −1.57 |
| BABA 07/09/32 CVT PUT | Sold out | 0.00% | −1.56 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −1.30 |
| KGS Kodiak Gas Services Inc. | Reduce -58.3% | 0.81% | −1.20 |
| NIO Nio Inc. - ADR | Reduce -50.0% | 0.67% | −1.15 |
| WISTR 10/23/30 CVT PUT | Sold out | 0.00% | −1.09 |
| ZOETIS INC (ZTS 0.25 06/15/29) | Sold out | 0.00% | −1.05 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.92 |
| CAI Caris Life Sciences Inc. | Reduce -70.4% | 0.12% | −0.89 |
| STC Stewart Information Services | Sold out | 0.00% | −0.88 |
| NBIS 2 3/4 09/15/32 | Sold out | 0.00% | −0.85 |
| BITDEER TECHNOLOGIES GRP (BTDR 4 11/15/31) | Sold out | 0.00% | −0.81 |
| VOYAGER SPACE HOLDINGS I (VOYG 0.75 11/15/30) | Sold out | 0.00% | −0.77 |
| NVTS Navitas Semiconductor Corp. | Sold out | 0.00% | −0.71 |
| CLEANSPARK INC (CLSK 0 02/15/32) | Sold out | 0.00% | −0.67 |
| CHECK POINT SOFTWARE (CHKP 0 12/15/30) | Sold out | 0.00% | −0.67 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.65 |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | Sold out | 0.00% | −0.59 |
| TE T1 Energy Inc. | Sold out | 0.00% | −0.58 |
| OGE Oge Energy Corp. | Sold out | 0.00% | −0.57 |
| EXELON CORP (EXC 3.25 03/15/29) | Sold out | 0.00% | −0.53 |
| ALM Almonty Industries Inc. | Sold out | 0.00% | −0.51 |
| KCCOP 1.750 07/10/30 CVT PUT | Sold out | 0.00% | −0.51 |
| FTW Eqv Ventures Acquisition C-A | Sold out | 0.00% | −0.47 |
| MDU Mdu Resources Group Inc. | Sold out | 0.00% | −0.39 |
| TERAWULF INC (WULF 0 05/01/32) | Sold out | 0.00% | −0.38 |
| RAMACO RESOURCES INC (METC 0 11/01/31) | Sold out | 0.00% | −0.36 |
| FORD MOTOR COMPANY (F 0 03/15/26) | Sold out | 0.00% | −0.35 |
| AST SPACEMOBILE INC (ASTS 2 01/15/36) | Sold out | 0.00% | −0.33 |
| NBIS 1.000 09/15/30 CVT | Sold out | 0.00% | −0.33 |
| XTEPI 1.500 02/18/26 CVT | Sold out | 0.00% | −0.32 |
| FWDI Forward Industries Inc. | Reduce -25.5% | 0.12% | −0.28 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −0.26 |
| COIN 10/01/32 CVT | Sold out | 0.00% | −0.26 |
| NIQ Niq Global Intelligence PLC | Reduce -44.4% | 0.08% | −0.25 |
| CTRI Centuri Holdings Inc. | Reduce -37.5% | 0.20% | −0.25 |
| MRTFC 0.500 12/16/28 CVT | Sold out | 0.00% | −0.23 |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | Sold out | 0.00% | −0.22 |
| HYMC Hycroft Mining Holding Co. Class A | Sold out | 0.00% | −0.21 |
| IREN LTD (IREN 1 06/01/33 33) | Sold out | 0.00% | −0.21 |
| COIN 10/01/29 CVT | Sold out | 0.00% | −0.21 |
| CHYM Chime Financial Inc. Class A | Reduce -55.6% | 0.05% | −0.20 |
Portfolio Buys Q4 2025 → Q1 2026
| MDLN Medline Inc. Class A | Add +405.2% | 5.61% | +3.92 |
| HYUHI 05/04/31 CVT PUT | New | 3.06% | +3.06 |
| TSLA Tesla Inc. | New | 2.83% | +2.83 |
| NVDA Nvidia Corp. | New | 2.66% | +2.66 |
| ZTOEC 0925 030131 CVT PUT | New | 2.64% | +2.64 |
| MSFT Microsoft Corp. | New | 2.56% | +2.56 |
| WIWYNN CORP (WIWYNN 0 04/01/31) | New | 2.43% | +2.43 |
| CHPAC 09/18/30 CVT PUT | New | 2.42% | +2.42 |
| GFS Globalfoundries Inc. | New | 2.22% | +2.22 |
| TT Trane Technologies PLC | New | 2.02% | +2.02 |
| JCI Johnson Controls Internation | New | 2.00% | +2.00 |
| NIPST 02/14/29 CVT | New | 1.88% | +1.88 |
| ORCL Oracle Corp. | New | 1.86% | +1.86 |
| JTGLF J&T Global Express Ltd. | New | 1.82% | +1.82 |
| NEBIUS GROUP NV (NBIS 1.25 03/15/31) | New | 1.59% | +1.59 |
| FPS Forgent Power Solutions Class A | New | 1.50% | +1.50 |
| NEBIUS GROUP NV (NBIS 2.625 03/15/33 .) | New | 1.42% | +1.42 |
| HUTAI 02/08/27 CVT | New | 1.38% | +1.38 |
| NIPST 02/14/31 CVT PUT | New | 1.25% | +1.25 |
| ZIJMF Zijin Mining Group Co. Ltd. Class H | New | 1.05% | +1.05 |
| DUKE ENERGY CORP (DUK 3 03/15/29) | New | 0.97% | +0.97 |
| GEV GE Vernova Inc. | New | 0.97% | +0.97 |
| HNSPF Hansoh Pharmaceutical Group | New | 0.92% | +0.92 |
| DOCN Digitalocean Holdings Inc. | New | 0.90% | +0.90 |
| GDS GDS Holdings Ltd. - ADR | New | 0.84% | +0.84 |
| PIAIF Ping An Insurance Group Co. Class H | New | 0.79% | +0.79 |
| LXU LSB Industries Inc. | New | 0.78% | +0.78 |
| LAR Lithium Argentina AG | New | 0.73% | +0.73 |
| ZM Zoom Communications Inc. | New | 0.72% | +0.72 |
| LTM Latam Airlines Group SA-ADR | New | 0.68% | +0.68 |
| HEI Heico Corp. | New | 0.68% | +0.68 |
| AS Amer Sports Inc. | Add +380.0% | 1.09% | +0.68 |
| SARO Standardaero Inc. | Add +500.0% | 0.86% | +0.60 |
| IONQ Ionq Inc. | New | 0.60% | +0.60 |
| WICOF Wistron Corp. | New | 0.58% | +0.58 |
| RDDT Reddit Inc. Class A | New | 0.56% | +0.56 |
| JOBY Joby Aviation Inc. | Add +943.2% | 0.72% | +0.54 |
| VSEC Vse Corp. | Add +328.6% | 0.77% | +0.50 |
| KTOS Kratos Defense & Security | Add +200.0% | 1.17% | +0.49 |
| JAN Janus Living Inc. Class-A-1 | New | 0.49% | +0.49 |
| VIPS Vipshop Holdings Ltd. - ADR | New | 0.44% | +0.44 |
| IPFXU Inflection Point Acquisition | New | 0.42% | +0.42 |
| NSC Norfolk Southern Corp. | New | 0.41% | +0.41 |
| FTW Presidio Production Co. Class A | New | 0.39% | +0.39 |
| JPM 010 011229 MTN | New | 0.38% | +0.38 |
| QXO Qxo Inc. | Add +400.0% | 0.54% | +0.37 |
| VNOM Viper Energy Inc. Class A | Add +300.0% | 0.52% | +0.35 |
| BE Bloom Energy Corp. Class A | New | 0.34% | +0.34 |
| HSAI Hesai Group | New | 0.32% | +0.32 |
| MDA Mda Space Ltd. | New | 0.32% | +0.32 |
Notes & Other Activity Q4 2025 → Q1 2026
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 450,000 | $20.6M |
| IEAGR Infinite Eagle Acquis-Rights | RIGHT 01/13/2031 | New | 450,000 | $81K |
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 | 291 | $4.1B | SPCX, DLR, GOOGL, GOOG, SMCI |
| Q1 2026 | 272 | $3.6B | MDLN, XPEV, HYUHI 05/04/31 CVT PUT, TSLA, NVDA |
| Q4 2025 | 205 | $2.2B | XPEV, BABA 091532 CVT PUT, CHPAC 091830 CVT PUT, ULS, PINGA 061130 CVT PUT |
| Q3 2025 | 215 | $3.1B | BABA 091532 CVT PUT, NBIS, CHPAC 091830 CVT PUT, FOX, PINGA 061130 CVT PUT |
| Q2 2025 | 183 | $3.7B | TMUS, BRO, DELL, PINGA 061130 CVT PUT, ADT |
| Q1 2025 | 105 | $1.1B | AEP, PRMB, LINE, ULS, BABA 0.500 06/01/31 CVT PUT |
| Q4 2024 | 106 | $1.7B | BA, AJG, LINE, VIK, FANG |
| Q3 2024 | 130 | $1.8B | FANG, DELL, GEHC, PIAIF, TCOM |
| Q2 2024Amended | 118 | $1.1B | CCC, BABA 0.500 06/01/31 CVT PUT, DLR, KVUE, BIRK |
| Q1 2024 | 99 | $791.9M | NDAQ, ARM, BUD, MTDR, CRBG |