Heights Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 18, 2025), Heights Capital Management, Inc. reported 112 stock positions worth $301.2 million. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 24.8% of the portfolio, followed by Immunitybio (IBRX, 5.4%) and Nano Nuclear Energy (NNE, 4.7%). Compared with Q2 2025, it opened 44 new positions, sold out of 21 and reduced 19. The biggest buy was a new position in Immunitybio (IBRX) and the biggest sale an exit from Archer Aviation Class A (ACHR).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001081698
- Portfolio Value
- $301.2M (Q3 2025)
- SEC Filing
- 0001081698-25-000010 ↗ filed Nov 18, 2025
Holdings Value
Holdings 112 stocks · $301.2M
| FLUT Flutter Entertainment PLC-Di | 24.81% | 294,180 | $74.7M | No change |
| IBRX Immunitybio Inc. | 5.36% | 6,565,709 | $16.2M | New |
| NNE Nano Nuclear Energy Inc. | 4.68% | 365,867 | $14.1M | Reduce -2.3% |
| DFDV Defi Development Corp. | 2.98% | 586,312 | $9.0M | New |
| FG MERGER II CORP | 2.62% | 790,000 | $7.9M | No change |
| EMPD Empery Digital Inc. | 2.50% | 1,000,000 | $7.5M | New |
| JACS Jackson Acquisition Co. Class A | 2.41% | 700,000 | $7.3M | No change |
| DMAA Drugs Made in America Acquis | 2.22% | 650,000 | $6.7M | No change |
| ABSI Absci Corp. | 2.02% | 2,000,440 | $6.1M | New |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 1.75% | 500,000 | $5.3M | New |
| DMIIU Drugs Made in America Acquis | 1.72% | 519,400 | $5.2M | New |
| KCHV Kochav Defense Acquisition-A | 1.67% | 500,000 | $5.0M | No change |
| CABA Cabaletta Bio Inc. | 1.62% | 2,084,202 | $4.9M | Reduce -33.7% |
| NMPAU NMP Acquisition Corp. | 1.51% | 450,000 | $4.5M | New |
| GPAT GP-Act III Acquisition-A | 1.48% | 421,175 | $4.5M | Reduce -8.3% |
| AGRIFORCE GROWING SYSTEMS LT | 1.40% | 1,300,000 | $4.2M | New |
| FERA Fifth Era Acquisition Corp. Class A | 1.18% | 350,000 | $3.6M | No change |
| EMISU Emmis Acquisition Corp. | 1.16% | 350,000 | $3.5M | New |
| FVN Future Vision II Acquisition | 1.13% | 325,000 | $3.4M | No change |
| FSHP Flag Ship Acquisition Corp. | 1.09% | 308,447 | $3.3M | Reduce -1.8% |
| COPL Copley Acquisition Corp. Class A | 1.01% | 300,000 | $3.0M | New |
| BMEA Biomea Fusion Inc. | 0.96% | 1,437,646 | $2.9M | Reduce -62.5% |
| MBOT Microbot Medical Inc. | 0.89% | 883,104 | $2.7M | New |
| BRR Columbus Circle Capital Co. Class A | 0.89% | 264,561 | $2.7M | Reduce -2.4% |
| EVEX Eve Holding Inc. filed as EVE HLDG INC | 0.88% | 696,055 | $2.7M | New |
| VACH Voyager Acquisition Corp. | 0.87% | 250,000 | $2.6M | No change |
| WELLGISTICS HEALTH INC | 0.86% | 2,917,078 | $2.6M | New |
| PLMK Plum Acquisition Corp. IV | 0.86% | 250,000 | $2.6M | No change |
| ORIQU Origin Investment Corp. I | 0.84% | 250,000 | $2.5M | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.83% | 250,000 | $2.5M | No change |
| TVAI Thayer Ventures Acquis Class A | 0.83% | 250,000 | $2.5M | No change |
| LTM Latam Airlines Group SA-ADR | 0.75% | 50,000 | $2.3M | New |
| IBAC Ib Acquisition Corp. | 0.73% | 207,787 | $2.2M | Reduce -16.6% |
| CHPG Championsgate Acquisitio-A | 0.71% | 212,182 | $2.1M | No change |
| RIBB Ribbon Acquisition Corp. | 0.68% | 200,000 | $2.0M | No change |
| BLZRU Trailblazer Acquisition Corp. | 0.68% | 199,700 | $2.0M | New |
| COLA Columbus Acquisition Corp. | 0.68% | 200,000 | $2.0M | No change |
| SPEGU Silver Pegasus Acquisition C | 0.68% | 200,000 | $2.0M | New |
| SZZL Sizzle Acquisition Corp. Class A | 0.67% | 200,000 | $2.0M | No change |
| SOUL Soulpower Acquisition Co. Class A | 0.67% | 200,000 | $2.0M | No change |
| LCCC Lakeshore Acquisition III Co. | 0.67% | 200,000 | $2.0M | No change |
| XRPN Armada Acquisition Class A | 0.66% | 191,267 | $2.0M | New |
| APADU A Paradise Acquisition Corp. | 0.66% | 200,000 | $2.0M | New |
| RDAG Republic Digital Acquis Class A | 0.60% | 178,000 | $1.8M | No change |
| UYSC Uy Scuti Acquisition Corp. | 0.59% | 175,000 | $1.8M | No change |
| BSAAU Best Spac I Acquisition Corp. | 0.59% | 175,000 | $1.8M | No change |
| HAYMAKER ACQUISITION CORP 4 | 0.57% | 151,719 | $1.7M | Reduce -22.2% |
| CAPN Cayson Acquisition Corp. | 0.52% | 150,000 | $1.6M | No change |
| QUMSU Quantumsphere Acquisition Co. | 0.50% | 150,000 | $1.5M | New |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 0.50% | 150,000 | $1.5M | New |
| OTLY Oatly Group AB | 0.49% | 91,239 | $1.5M | New |
| UPXI Upexi Inc. | 0.48% | 250,000 | $1.4M | New |
| ADCT Adc Therapeutics SA | 0.43% | 326,766 | $1.3M | Reduce -88.5% |
| GTERU Globa Terra Acquisition Corp. | 0.42% | 125,000 | $1.3M | New |
| GSRFU GSR IV Acquisition Corp. | 0.42% | 125,000 | $1.3M | New |
| TACH Titan Acquisition Corp. Class A | 0.40% | 120,000 | $1.2M | No change |
| TACO Berto Acquisition Corp. | 0.35% | 100,000 | $1.0M | No change |
| IPEX Inflection Point Acquisition filed as MAYWOOD ACQUISITION CORP | 0.34% | 100,000 | $1.0M | No change |
| SVACU Spring Valley Acquisition Co. | 0.34% | 97,950 | $1.0M | New |
| SSEAU Starry Sea Acquisition Corp. | 0.34% | 100,000 | $1.0M | New |
| INACU Indigo Acquisition Corp. | 0.34% | 100,000 | $1.0M | New |
| FIGXU Figx Capital Acquisition Cor | 0.33% | 100,000 | $1.0M | No change |
| WTG Wintergreen Acquisition Corp. | 0.33% | 100,000 | $1.0M | No change |
| PACHU Pioneer Acquisition I Corp. | 0.33% | 100,000 | $1.0M | No change |
| DTSQ DT Cloud Star Acquisition Co. | 0.33% | 95,695 | $1.0M | Reduce -4.3% |
| MKLYU McKinley Acquisition Corp. | 0.33% | 100,000 | $999K | New |
| FTW Eqv Ventures Acquisition C-A | 0.32% | 93,574 | $971K | No change |
| DYCQ DT Cloud Acquisition Corp. | 0.31% | 85,207 | $942K | Reduce -5.5% |
| CUB Lionheart Holdings Class A | 0.24% | 67,952 | $714K | Reduce -31.5% |
| MACI Melar Acquisition Corp. I-A | 0.22% | 64,366 | $676K | Reduce -35.6% |
| TAVI Tavia Acquisition Corp. | 0.22% | 65,000 | $672K | No change |
| PGAC Pantages Capital Acquisition | 0.22% | 65,000 | $668K | No change |
| GSRT GSR III Acquisition Corp. | 0.21% | 60,900 | $631K | No change |
| ASPC A Spac III Acquisition Class A | 0.21% | 60,000 | $621K | No change |
| FACT Fact II Acquisition Corp. | 0.21% | 60,000 | $618K | No change |
| ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII | 0.20% | 60,000 | $615K | No change |
| PMTR Perimeter Acquis Corp. I Class A | 0.20% | 58,925 | $604K | Reduce -17.4% |
| NA Nano Labs Ltd. Class A | 0.20% | 111,033 | $600K | Reduce -92.3% |
| VCIC Vine Hill Capital Class A | 0.20% | 55,790 | $598K | No change |
| RANG Range Capital Acquisition Co. | 0.17% | 50,000 | $524K | No change |
| NPAC New Providence Acquisition-A | 0.17% | 50,000 | $509K | No change |
| BACCU Blue Acquisition Corp. | 0.17% | 50,000 | $507K | No change |
| CHAC Crane Harbor Acqu Corp. Class A | 0.17% | 50,000 | $507K | New |
| HVMCU Highview Merger Corp. | 0.17% | 50,000 | $506K | New |
| KOYNU CSLM Digital Asset Acquisiti | 0.17% | 50,000 | $505K | New |
| SOCAU Solarius Capital Acquisition | 0.17% | 50,000 | $505K | New |
| AXINU Axiom Intelligence Acquisiti | 0.17% | 50,000 | $504K | No change |
| IPCX Inflection Point Acquisiti-A | 0.17% | 50,000 | $504K | No change |
| PELI Pelican Acquisition Corp. | 0.17% | 50,000 | $503K | New |
| LWACU Lightwave Acquisition Corp. | 0.17% | 50,000 | $502K | No change |
| OYSE Oyster Enterprises II Acq-A | 0.17% | 50,000 | $501K | No change |
| APACU Stonebridge Acquisition II C | 0.17% | 50,000 | $499K | New |
| CHAR Charlton Aria Acquisiti Class A | 0.14% | 40,000 | $415K | No change |
| NOEM CO2 Energy Transition Corp. | 0.14% | 40,000 | $408K | No change |
| CHECU Chenghe Acquisition III Co. | 0.13% | 40,000 | $399K | New |
| RDAC Rising Dragon Acquisition Co. | 0.13% | 38,196 | $398K | Reduce -2.1% |
| HCMAU HCM III Acquisition Corp. | 0.13% | 36,855 | $380K | New |
| NTWO Newbury Street II Ac Class A | 0.12% | 36,300 | $376K | Reduce -18.2% |
| CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II | 0.10% | 30,000 | $304K | No change |
| VNMEU Vendome Acquisition Corp. I | 0.10% | 30,340 | $303K | New |
| POLE Andretti Acquisition Corp. Class A | 0.09% | 26,600 | $279K | No change |
| TVA Texas Ventures Acquisition-A | 0.09% | 25,900 | $277K | No change |
| BCARU D Boral Arc Acquisition I Co. | 0.08% | 25,057 | $251K | New |
| TLNCU Talon Capital Corp. | 0.08% | 24,900 | $250K | New |
| HSPT Horizon Space Acquisition II | 0.07% | 20,000 | $207K | No change |
| EURK Eureka Acquisition Corp. | 0.05% | 15,400 | $165K | No change |
| ANSC Agriculture & Natural Soluti | 0.05% | 14,231 | $155K | Reduce -59.9% |
| LATAU Galata Acquisition Corp. II | 0.05% | 15,000 | $150K | New |
| IMRX Immuneering Corp. Class A | 0.05% | 20,000 | $140K | New |
| CCIIU Cohen Circle Acquisition Cor | 0.04% | 10,594 | $109K | New |
| CLGN Collplant Biotechnologies LT | 0.02% | 19,258 | $52K | Reduce -93.0% |
| PEPG Pepgen Inc. | 0.02% | 10,000 | $46K | New |
Options reported separately and not counted above: NNE puts ($35.8M), DFDV puts ($563K).
Other holdings (68): bonds, preferreds, convertibles and warrants · $13.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | 12,052,970 | $10.7M | No change |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 249,397 | $446K | No change |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 700,000 | $189K | No change |
| BCTXZ Briacell Therapeutics - 30 | *W EXP 99/99/999 | 544,698 | $186K | Reduce -1.3% |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | 440,191 | $185K | Reduce -38.6% |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 132,280 | $147K | New |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 60,000 | $126K | No change |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 473,695 | $104K | Reduce -5.3% |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 95,633 | $91K | Reduce -4.4% |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 243,207 | $64K | Reduce -21.7% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 289,302 | $63K | Reduce -54.4% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 89,000 | $58K | New |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 307,370 | $55K | Reduce -2.5% |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 281,123 | $53K | Reduce -10.4% |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 171,392 | $46K | Reduce -2.1% |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 250,000 | $45K | No change |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 188,714 | $42K | Reduce -5.6% |
| BIVIW Biovie Inc. -30 | *W EXP 08/08/203 | 90,000 | $41K | New |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 200,000 | $41K | New |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 200,000 | $38K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 50,000 | $35K | New |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 125,000 | $34K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 198,000 | $34K | Reduce -1.0% |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 167,733 | $30K | Reduce -13.7% |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 150,000 | $30K | No change |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 211,481 | $30K | New |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 46,173 | $28K | Reduce -53.7% |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 95,375 | $25K | Reduce -22.4% |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 586,218 | $25K | No change |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 14,792 | $24K | Reduce -35.8% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 122,555 | $22K | Reduce -17.7% |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | 85,000 | $21K | No change |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 37,500 | $19K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 75,000 | $19K | No change |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 45,462 | $18K | Reduce -2.6% |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 60,000 | $18K | No change |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 29,462 | $18K | New |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 320,978 | $16K | Reduce -9.0% |
| TNONW Tenon Medical Inc.-28 | *W EXP 06/16/202 | 846,723 | $16K | No change |
| AIMDW Ainos Inc. - 27 | *W EXP 07/29/202 | 82,500 | $15K | No change |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 72,300 | $14K | Reduce -21.0% |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 179,984 | $14K | Reduce -26.6% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 12,950 | $14K | No change |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | 86,387 | $14K | Reduce -13.6% |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 31,683 | $13K | Reduce -9.9% |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 58,400 | $12K | Reduce -4.9% |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 39,996 | $10K | No change |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 49,191 | $9K | Reduce -17.0% |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 30,000 | $8K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 149,100 | $8K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 32,149 | $7K | Reduce -19.6% |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 40,000 | $7K | No change |
| IVDAW Iveda Solutions Inc. -CW27 | *W EXP 04/01/202 | 54,000 | $6K | No change |
| LMND.WS Lemonade Inc.-28 | *W EXP 02/09/202 | 88,946 | $6K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 22,500 | $6K | No change |
| VSSYW Versus Systems -CW26 | *W EXP 11/22/202 | 100,000 | $5K | No change |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 22,500 | $5K | New |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 27,483 | $5K | Reduce -45.0% |
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | 29,000 | $4K | No change |
| LEXXW Lexaria Bioscience -CW25 | *W EXP 01/14/202 | 41,251 | $3K | No change |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 16,293 | $3K | Reduce -83.0% |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 13,516 | $3K | Reduce -7.5% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 13,802 | $3K | Reduce -78.5% |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | 11,714 | $3K | Reduce -73.8% |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | 16,385 | $3K | Reduce -57.6% |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 39,772 | $1K | Reduce -8.1% |
| SVREW Saverone 2014 Ltd. -CW27 | *W EXP 06/02/202 | 40,000 | $700 | No change |
| HYMCL Hycroft Mining Holding -CW25 | *W EXP 10/06/202 | 15,174 | $121 | No change |
Total filed on the 13F, all lines: $314.6M.
Portfolio Sells Q2 2025 → Q3 2025
| ACHR Archer Aviation Inc. Class A | Sold out | 0.00% | −8.11 |
| NA Nano Labs Ltd. Class A | Reduce -92.3% | 0.20% | −4.12 |
| AMSC American Superconductor Corp. | Sold out | 0.00% | −4.04 |
| ALVO Alvotech SA | Sold out | 0.00% | −3.22 |
| ONDS Ondas Inc. | Sold out | 0.00% | −2.39 |
| ADCT Adc Therapeutics SA | Reduce -88.5% | 0.43% | −2.02 |
| BMEA Biomea Fusion Inc. | Reduce -62.5% | 0.96% | −1.27 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −1.13 |
| ACHV Achieve Life Sciences Inc. | Sold out | 0.00% | −0.72 |
| FBRX Forte Biosciences Inc. | Sold out | 0.00% | −0.60 |
| DYNC Dynamix Corp. | Sold out | 0.00% | −0.40 |
| ALLT Allot Ltd. | Sold out | 0.00% | −0.28 |
| SNTI Senti Biosciences Inc. | Sold out | 0.00% | −0.26 |
| DRDB Roman DBDR Acquisition Corp. | Sold out | 0.00% | −0.24 |
| REVIVA PHARMACEUTCLS HLDGS I | Sold out | 0.00% | −0.23 |
| NETD Nabors Energy Transition C-A | Sold out | 0.00% | −0.18 |
| CHACU Crane Harbor Acquisition Cor | Sold out | 0.00% | −0.17 |
| PELIU Pelican Acquisition Corp. | Sold out | 0.00% | −0.16 |
| ISOU Isoenergy Ltd. | Sold out | 0.00% | −0.13 |
| HAYMAKER ACQUISITION CORP 4 | Reduce -22.2% | 0.57% | −0.13 |
| BRR Columbus Circle Capital Co. Class A | Reduce -2.4% | 0.89% | −0.12 |
| IBAC Ib Acquisition Corp. | Reduce -16.6% | 0.73% | −0.12 |
| WLAC Willow Lane Acquisition Class A | Sold out | 0.00% | −0.12 |
| MACI Melar Acquisition Corp. I-A | Reduce -35.6% | 0.22% | −0.12 |
| CCIX Churchill Capital Corp. Ix | Sold out | 0.00% | −0.11 |
| CLGN Collplant Biotechnologies LT | Reduce -93.0% | 0.02% | −0.10 |
| CUB Lionheart Holdings Class A | Reduce -31.5% | 0.24% | −0.10 |
| YHNA YHN Acquisition I Ltd. | Sold out | 0.00% | −0.09 |
| GPAT GP-Act III Acquisition-A | Reduce -8.3% | 1.48% | −0.09 |
| CTXR Citius Pharmaceuticals Inc. | Sold out | 0.00% | −0.08 |
| ANSC Agriculture & Natural Soluti | Reduce -59.9% | 0.05% | −0.07 |
| PMTR Perimeter Acquis Corp. I Class A | Reduce -17.4% | 0.20% | −0.04 |
| SENS Senseonics Holdings Inc. | Sold out | 0.00% | −0.03 |
| NTWO Newbury Street II Ac Class A | Reduce -18.2% | 0.12% | −0.02 |
| DYCQ DT Cloud Acquisition Corp. | Reduce -5.5% | 0.31% | −0.00 |
| DTSQ DT Cloud Star Acquisition Co. | Reduce -4.3% | 0.33% | −0.00 |
| RDAC Rising Dragon Acquisition Co. | Reduce -2.1% | 0.13% | +0.00 |
| FSHP Flag Ship Acquisition Corp. | Reduce -1.8% | 1.09% | +0.02 |
| CABA Cabaletta Bio Inc. | Reduce -33.7% | 1.62% | +0.07 |
| NNE Nano Nuclear Energy Inc. | Reduce -2.3% | 4.68% | +0.51 |
Portfolio Buys Q2 2025 → Q3 2025
| IBRX Immunitybio Inc. | New | 5.36% | +5.36 |
| DFDV Defi Development Corp. | New | 2.98% | +2.98 |
| EMPD Empery Digital Inc. | New | 2.50% | +2.50 |
| ABSI Absci Corp. | New | 2.02% | +2.02 |
| VLOS Velos Acquisition I Corp. | New | 1.75% | +1.75 |
| DMIIU Drugs Made in America Acquis | New | 1.72% | +1.72 |
| NMPAU NMP Acquisition Corp. | New | 1.51% | +1.51 |
| AGRIFORCE GROWING SYSTEMS LT | New | 1.40% | +1.40 |
| EMISU Emmis Acquisition Corp. | New | 1.16% | +1.16 |
| COPL Copley Acquisition Corp. Class A | New | 1.01% | +1.01 |
| MBOT Microbot Medical Inc. | New | 0.89% | +0.89 |
| EVEX Eve Holding Inc. | New | 0.88% | +0.88 |
| WELLGISTICS HEALTH INC | New | 0.86% | +0.86 |
| ORIQU Origin Investment Corp. I | New | 0.84% | +0.84 |
| LTM Latam Airlines Group SA-ADR | New | 0.75% | +0.75 |
| BLZRU Trailblazer Acquisition Corp. | New | 0.68% | +0.68 |
| SPEGU Silver Pegasus Acquisition C | New | 0.68% | +0.68 |
| XRPN Armada Acquisition Class A | New | 0.66% | +0.66 |
| APADU A Paradise Acquisition Corp. | New | 0.66% | +0.66 |
| QUMSU Quantumsphere Acquisition Co. | New | 0.50% | +0.50 |
| FAC Factorial Energy Inc. | New | 0.50% | +0.50 |
| OTLY Oatly Group AB | New | 0.49% | +0.49 |
| UPXI Upexi Inc. | New | 0.48% | +0.48 |
| GTERU Globa Terra Acquisition Corp. | New | 0.42% | +0.42 |
| GSRFU GSR IV Acquisition Corp. | New | 0.42% | +0.42 |
| SVACU Spring Valley Acquisition Co. | New | 0.34% | +0.34 |
| SSEAU Starry Sea Acquisition Corp. | New | 0.34% | +0.34 |
| INACU Indigo Acquisition Corp. | New | 0.34% | +0.34 |
| MKLYU McKinley Acquisition Corp. | New | 0.33% | +0.33 |
| CHAC Crane Harbor Acqu Corp. Class A | New | 0.17% | +0.17 |
| HVMCU Highview Merger Corp. | New | 0.17% | +0.17 |
| KOYNU CSLM Digital Asset Acquisiti | New | 0.17% | +0.17 |
| SOCAU Solarius Capital Acquisition | New | 0.17% | +0.17 |
| PELI Pelican Acquisition Corp. | New | 0.17% | +0.17 |
| APACU Stonebridge Acquisition II C | New | 0.17% | +0.17 |
| CHECU Chenghe Acquisition III Co. | New | 0.13% | +0.13 |
| HCMAU HCM III Acquisition Corp. | New | 0.13% | +0.13 |
| VNMEU Vendome Acquisition Corp. I | New | 0.10% | +0.10 |
| BCARU D Boral Arc Acquisition I Co. | New | 0.08% | +0.08 |
| TLNCU Talon Capital Corp. | New | 0.08% | +0.08 |
| LATAU Galata Acquisition Corp. II | New | 0.05% | +0.05 |
| IMRX Immuneering Corp. Class A | New | 0.05% | +0.05 |
| CCIIU Cohen Circle Acquisition Cor | New | 0.04% | +0.04 |
| PEPG Pepgen Inc. | New | 0.02% | +0.02 |
Options Activity Q2 2025 → Q3 2025
| NNE Nano Nuclear Energy Inc. | put | Reduce -23.8% | 929,600 | $35.8M |
| AMSC American Superconductor Corp. | put | Sold out | 342,900 | $12.6Mbefore exit |
| DFDV Defi Development Corp. | put | New | 36,800 | $563K |
| ADSE ADS-Tec Energy PLC | put | Sold out | 19,000 | $262Kbefore exit |
| USAR USA Rare Earth Inc. | put | Sold out | 15,300 | $168Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| BCTXZ Briacell Therapeutics - 30 | *W EXP 99/99/999 | Reduce -1.3% | 544,698 | $186K |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | Reduce -38.6% | 440,191 | $185K |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | New | 132,280 | $147K |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | Reduce -5.3% | 473,695 | $104K |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | Reduce -4.4% | 95,633 | $91K |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | Reduce -21.7% | 243,207 | $64K |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | Reduce -54.4% | 289,302 | $63K |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | New | 89,000 | $58K |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | Reduce -2.5% | 307,370 | $55K |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | Reduce -10.4% | 281,123 | $53K |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | Reduce -2.1% | 171,392 | $46K |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | Reduce -5.6% | 188,714 | $42K |
| BIVIW Biovie Inc. -30 | *W EXP 08/08/203 | New | 90,000 | $41K |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | New | 200,000 | $41K |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | New | 50,000 | $35K |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | Reduce -1.0% | 198,000 | $34K |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | Reduce -13.7% | 167,733 | $30K |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | New | 211,481 | $30K |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | Reduce -53.7% | 46,173 | $28K |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | Sold out | 104,874 | $26Kbefore exit |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | Reduce -22.4% | 95,375 | $25K |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | Sold out | 48,957 | $24Kbefore exit |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | Reduce -35.8% | 14,792 | $24K |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | Reduce -17.7% | 122,555 | $22K |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | Sold out | 309,520 | $19Kbefore exit |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | Reduce -2.6% | 45,462 | $18K |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | New | 29,462 | $18K |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | Reduce -9.0% | 320,978 | $16K |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | Reduce -21.0% | 72,300 | $14K |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | Reduce -26.6% | 179,984 | $14K |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | Reduce -13.6% | 86,387 | $14K |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | Reduce -9.9% | 31,683 | $13K |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | Reduce -4.9% | 58,400 | $12K |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | Sold out | 98,600 | $11Kbefore exit |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | Sold out | 16,666 | $10Kbefore exit |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | Reduce -17.0% | 49,191 | $9K |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | Reduce -19.6% | 32,149 | $7K |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | Sold out | 17,500 | $6Kbefore exit |
| SBEVW Splash Beverage Group -CW | *W EXP 06/15/202 | Sold out | 288,884 | $6Kbefore exit |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | Sold out | 87,043 | $5Kbefore exit |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | New | 22,500 | $5K |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | Reduce -45.0% | 27,483 | $5K |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | Sold out | 28,371 | $5Kbefore exit |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | Reduce -83.0% | 16,293 | $3K |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | Reduce -7.5% | 13,516 | $3K |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | Reduce -78.5% | 13,802 | $3K |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | Reduce -73.8% | 11,714 | $3K |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | Reduce -57.6% | 16,385 | $3K |
| HSPTR Horizon Space Acquisition II | RIGHT 03/30/2026 | Sold out | 19,864 | $3Kbefore exit |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | Sold out | 100,000 | $2Kbefore exit |
Showing the first 50 of 53.
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 | 197 | $425.0M | FLUT, AMC, MGTX, TSHA, OTAI.U |
| Q1 2026 | 165 | $354.0M | SLDP, FLUT, IONQ, CMPS, LAES |
| Q4 2025 | 120 | $261.6M | FLUT, FG MERGER II CORP, JACS, DMAA, DMIIU |
| Q3 2025Amended | 112 | $301.2M | FLUT, IBRX, NNE, DFDV, FG MERGER II CORP |
| Q2 2025 | 92 | $309.2M | FLUT, ACHR, NA, NNE, AMSC |
| Q1 2025 | 67 | $195.3M | FLUT, PLUG, FGMCU, JACS.U, HUMA |
| Q4 2024 | 66 | $186.0M | FLUT, NNE, ONDS, LB, JACS.U |
| Q3 2024 | 55 | $125.9M | FLUT, SOC, GPAT, FVNNU, FSHP |