Heights Capital Management, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Heights Capital Management, Inc. reported 165 stock positions worth $354.0 million. Its top holding was Solid Power (SLDP) at 10.5% of the portfolio, followed by Flutter Entertainment PLC-Di (FLUT, 8.5%) and Ionq (IONQ, 6.6%). Compared with Q4 2025, it opened 74 new positions, sold out of 26 and reduced 8. The biggest buy was a new position in Solid Power (SLDP) and the biggest sale an exit from Absci (ABSI).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001081698
Portfolio Value
$354.0M (Q1 2026)
SEC Filing
0001081698-26-000005 ↗ filed May 15, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q3 2024: $125.9M Q3 2024 Q4 2024: $186.0M Q4 2024 Q1 2025: $195.3M Q1 2025 Q2 2025: $309.2M Q2 2025 Q3 2025: $301.2M Q3 2025 Q4 2025: $261.6M Q4 2025 Q1 2026: $354.0M $354.0M Q1 2026 Q2 2026: $425.0M Q2 2026

Holdings 165 stocks · $354.0M
SLDP Solid Power Inc. 10.51% 12,395,558 $37.2M New
FLUT Flutter Entertainment PLC-Di 8.47% 294,180 $30.0M No change
IONQ Ionq Inc. 6.64% 815,542 $23.5M New
CMPS Compass Pathways PLC 2.33% 1,492,415 $8.3M New
LAES Sealsq Corp. 2.32% 3,136,465 $8.2M New
FG MERGER II CORP 2.25% 790,000 $8.0M No change
JACS Jackson Acquisition Co. Class A 2.09% 700,000 $7.4M No change
DMAA Drugs Made in America Acquis 1.93% 650,000 $6.8M No change
PONOU Pono Capital Four Inc. 1.55% 550,000 $5.5M New
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 1.52% 500,000 $5.4M New
DMII Drugs Made in America Acquis 1.46% 519,400 $5.2M No change
KCHV Kochav Defense Acquisition-A 1.45% 500,000 $5.1M No change
BHAVU Bhav Acquisition Corp. 1.39% 495,000 $4.9M New
XFLH.U XFLH Capital Corp. 1.34% 475,000 $4.7M New
IRHO Iron Horse Acquisitions Corp. 1.31% 470,000 $4.6M No change
NMP NMP Acquisition Corp. Class A 1.29% 450,000 $4.6M No change
CCXI Churchill Capital Corp. Class A 1.29% 448,176 $4.6M Reduce -10.2%
EMPD Empery Digital Inc. 1.20% 1,000,000 $4.2M No change
GPAT GP-Act III Acquisition-A 1.19% 388,719 $4.2M Reduce -6.6%
CADL Candel Therapeutics Inc. 1.07% 775,000 $3.8M New
AACIU Armada Acquisition Corp. III 1.03% 365,000 $3.6M New
FERA Fifth Era Acquisition Corp. Class A 1.02% 350,000 $3.6M No change
EMIS Emmis Acquisition Corp. Class A 0.99% 350,000 $3.5M No change
FVN Future Vision II Acquisition 0.99% 325,000 $3.5M No change
TWLV Twelve Seas Investment Co. Class A 0.98% 350,000 $3.5M No change
FSHP Flag Ship Acquisition Corp. 0.93% 302,347 $3.3M Reduce -1.4%
COPL Copley Acquisition Corp. Class A 0.87% 300,000 $3.1M No change
AIIA AI Infrastructure Ac-A 0.85% 300,000 $3.0M No change
NBRGU Newbridge Acquisition Ltd. 0.85% 300,000 $3.0M New
HCICU Hennessy Capital Investment 0.85% 300,000 $3.0M New
FMACU Future Money Acquisition Cor 0.85% 300,000 $3.0M New
BBCQ Bleichroeder Acquis II Class A 0.79% 279,547 $2.8M New
PLMK Plum Acquisition Corp. IV 0.75% 250,000 $2.6M No change
TVAI Thayer Ventures Acquis Class A 0.72% 250,000 $2.6M No change
ORIQ Origin Investment Corp. I 0.72% 249,900 $2.6M No change
OBA Oxley Bridge Acquisitio Class A 0.72% 250,000 $2.5M No change
MESH Meshflow Acquisition Co. Class A 0.70% 250,000 $2.5M No change
CHPG Championsgate Acquisitio-A 0.61% 212,182 $2.2M No change
LKSP Lake Superior Acquisiti Class A 0.59% 210,000 $2.1M No change
LCCC Lakeshore Acquisition III Co. 0.58% 200,000 $2.1M No change
SZZL Sizzle Acquisition Corp. Class A 0.58% 200,000 $2.1M No change
SOUL Soulpower Acquisition Co. Class A 0.58% 200,000 $2.0M No change
SVIVU Spring Valley Acquisition Co. 0.57% 200,000 $2.0M New
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.57% 199,600 $2.0M No change
SPEG Silver Pegasus Acquisition-A 0.57% 199,100 $2.0M No change
YCY Aa Mission Acquisition-A 0.57% 200,000 $2.0M New
CRAC Crown Reserve Acquisiti Class A 0.57% 200,000 $2.0M No change
KRAQU Krakacquisition Corp. 0.57% 200,000 $2.0M New
DNMX Dynamix Corp. III Class A 0.56% 200,000 $2.0M No change
XRPN Armada Acquisition Class A 0.56% 191,267 $2.0M No change
SCYX Scynexis Inc. 0.54% 2,086,960 $1.9M New
IRAB.U Iris Acquisition Corp. II 0.52% 185,000 $1.8M New
UYSC Uy Scuti Acquisition Corp. 0.52% 175,000 $1.8M No change
RDAG Republic Digital Acquis Class A 0.51% 178,000 $1.8M No change
BSAA Best Spac I Acquisition-A 0.51% 175,000 $1.8M No change
CAPN Cayson Acquisition Corp. 0.47% 150,000 $1.6M No change
QADRU Qdro Acquisition Corp. 0.45% 160,000 $1.6M New
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.43% 150,000 $1.5M No change
IPFXU Inflection Point Acquisition 0.43% 150,000 $1.5M New
QUMS Quantumsphere Acquisition Co. 0.43% 150,000 $1.5M No change
KCAC.U Kensington Capital Acquisiti 0.43% 150,000 $1.5M New
GLED.U Galaxyedge Acquisition Corp. 0.42% 150,000 $1.5M New
WSTN Westin Acquisition Corp. Class A 0.42% 150,000 $1.5M New
SCII SC II Acquisition Corp. Class A 0.42% 150,000 $1.5M No change
IGAC Invest Green Acquisitio Class A 0.42% 150,000 $1.5M No change
XCBEU X3 Acquisition Corp. Ltd. 0.42% 150,000 $1.5M New
HCAC Hall Chadwick Acquisition-A 0.42% 149,990 $1.5M No change
GIW GIGCAPITAL8 Corp. Class A 0.40% 141,583 $1.4M No change
IMDX Insight Molecular Diagnostic 0.36% 392,545 $1.3M New
GTERA Globa Terra Acquisition Co. Class A 0.36% 124,229 $1.3M No change
CTAAU Clearthink 1 Acquisition Cor 0.35% 125,000 $1.2M New
ALOVU Aldabra 4 Liquidity Opportun 0.35% 125,000 $1.2M New
TACH Titan Acquisition Corp. Class A 0.35% 120,000 $1.2M No change
XSLLU Xsolla Spac 1 0.34% 122,500 $1.2M New
BLZR Trailblazer Acquisition Class A 0.32% 113,373 $1.1M No change
GWH Ess Tech Inc. 0.32% 963,495 $1.1M New
ITHA Ithax Acquisition Corp. Class A 0.31% 110,000 $1.1M No change
IPEX Inflection Point Acquisition 0.29% 100,000 $1.0M No change
WTG Wintergreen Acquisition Corp. 0.29% 100,000 $1.0M No change
TACO Berto Acquisition Corp. 0.29% 100,000 $1.0M No change
PACH Pioneer Acquisition I Class A 0.29% 100,000 $1.0M No change
SSEA Starry Sea Acquisition Corp. 0.29% 100,000 $1.0M No change
INAC Indigo Acquisition Corp. 0.29% 100,000 $1.0M No change
FIGX Figx Capital Acquisition C-A 0.29% 100,000 $1.0M No change
CEPS Cantor Equity Partners Vi -A 0.29% 100,000 $1.0M New
MKLY McKinley Acquisition Co. Class A 0.28% 100,000 $1.0M New
MEVOU M Evo Global Acquisition Cor filed as M EVO GBL ACQUISITION CORP I 0.28% 100,000 $1.0M New
BPAC Blueport Acquisition LT Class A 0.28% 100,000 $1.0M No change
LAFA Lafayette Acquisition Corp. 0.28% 100,000 $997K New
TDWD Tailwind 2.0 Acquisitio Class A 0.28% 100,000 $994K No change
GSRF GSR IV Acquisition Corp. Class A 0.28% 98,819 $992K New
BLRK Bluerock Acquisition Corp. Class A 0.28% 100,000 $990K No change
IACOU Idea Acquisition Corp. 0.27% 95,000 $941K New
NYXH Nyxoah SA 0.25% 308,490 $901K Reduce -60.3%
EVOX Evolution Global Acquis Class A 0.23% 82,652 $825K Reduce -44.9%
WPAC.U White Pearl Acquisition Corp. 0.22% 75,000 $769K New
CLBR.U Colombier Acqstn Corp. III 0.22% 75,000 $764K New
SORNU Soren Acquisition Corp. 0.21% 76,220 $757K New
TRAD.U Apex Tech Acquisition Inc. 0.21% 75,000 $751K New
ALIS Calisa Acquisition Corp. 0.21% 74,300 $745K New
LFAC Leapfrog Acquisition Class A 0.21% 74,990 $744K No change
CRAN Crane Harbor Acquisitio Class A 0.21% 75,000 $743K No change
RFAMU RF Acquisition Corp. III 0.21% 75,000 $743K New
TAVI Tavia Acquisition Corp. 0.19% 65,000 $687K No change
PGAC Pantages Capital Acquisition 0.19% 65,000 $681K No change
PMN Promis Neurosciences Inc. 0.18% 50,660 $643K New
FACT Fact II Acquisition Corp. 0.18% 60,000 $630K No change
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.18% 60,000 $621K No change
PMTR Perimeter Acquis Corp. I Class A 0.17% 58,925 $604K No change
DBCAU D Boral Acquisition I Corp. 0.17% 60,000 $600K New
BWIV.U Blue Water Acquisition Corp. filed as BLUE WTR ACQUISITION CORP IV 0.17% 60,000 $595K New
PTORU Praetorian Acquisition Corp. 0.17% 60,000 $593K New
CAQUU Cambridge Acquisition Corp. 0.15% 55,000 $548K New
HIT Health in Tech Inc. Class A 0.15% 373,298 $541K New
RANG Range Capital Acquisition Co. 0.15% 50,000 $526K No change
NPAC New Providence Acquisition-A 0.14% 50,000 $513K No change
OYSE Oyster Enterprises II Acq-A 0.14% 50,000 $511K No change
IPCX Inflection Point Acquisiti-A 0.14% 50,000 $511K No change
LWAC Lightwave Acquisition Corp. Class A 0.14% 50,000 $510K No change
SOCA Solarius Capital Acquis Class A 0.14% 50,000 $509K No change
APAC Stonebridge Acquisition Class A 0.14% 50,500 $508K New
AXIN Axiom Intelligence Class A 0.14% 50,000 $507K No change
HVMC Highview Merger Corp. Class A 0.14% 50,000 $503K New
GIXXU GIGCAPITAL9 Corp. 0.14% 50,000 $502K New
HACQU HCM IV Acquisition Corp. 0.14% 50,000 $502K New
SVAQU Silicon Valley Acquisition C 0.14% 50,000 $501K New
KOYN CSLM Digital Asset Acqu - A 0.14% 49,900 $501K New
PALOU Paloma Acquisition Corp. I 0.14% 50,000 $499K New
ADACU American Drive Acquisition C 0.14% 50,000 $499K No change
FGIIU FG Imperii Acquisition Corp. 0.14% 50,000 $499K New
DYOR Insight Digital Partners I-A 0.14% 50,000 $498K No change
MZYX.U Mozayyx Acquisition Corp. 0.14% 50,000 $498K New
TRGSU TRG Latin America Acquisitio 0.14% 50,000 $498K New
NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I 0.14% 50,000 $497K New
PAACU Proem Acquisition Corp. I 0.14% 48,200 $481K New
CHAR Charlton Aria Acquisiti Class A 0.12% 40,000 $423K No change
NOEM CO2 Energy Transition Corp. 0.12% 40,000 $415K No change
CHEC Chenghe Acquisition II Class A 0.11% 40,000 $403K No change
KTWOU K2 Capital Acquisition Corp. filed as K2 CAP ACQUISITION CORP 0.11% 40,000 $402K New
TMTSU Spartacus Acqu Corp. II 0.11% 40,000 $401K New
BEBE Tge Value Creative Solu Class A 0.11% 40,000 $395K No change
CUB Lionheart Holdings Class A 0.11% 36,606 $394K Reduce -27.9%
MUZEU Muzero Acquisition Corp. 0.11% 39,300 $390K New
MACI Melar Acquisition Corp. I-A 0.11% 34,755 $375K Reduce -33.4%
ILLUU Illumination Acquisition Cor 0.10% 35,600 $353K New
BACC Blue Acquisition Corp. Class A 0.10% 33,455 $342K No change
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 0.09% 30,000 $310K No change
VNME Vendome Acquisition Corp. Class A 0.09% 30,340 $307K No change
SUMAU Suma Acquisition Corp. 0.08% 30,000 $301K New
POLE Andretti Acquisition Corp. Class A 0.08% 26,600 $283K No change
NTWO Newbury Street II Ac Class A 0.08% 26,191 $276K Reduce -14.2%
TVA Texas Ventures Acquisition-A 0.08% 25,900 $269K No change
MODD Modular Medical Inc. 0.07% 50,000 $264K New
SSACU Spacsphere Acquisition Corp. 0.07% 25,000 $252K New
BCAR D. Boral Arc Acquisit Class A 0.07% 24,757 $251K No change
APXT Apex Treasury Corp. Class A 0.07% 25,000 $250K No change
AACOU Abony Acquisition Corp. I 0.07% 25,000 $249K New
IPXGU Columbus Circle Capital Corp. 0.07% 25,000 $249K New
TLNC Talon Capital Corp. Class A 0.07% 24,104 $247K New
LPCVU Launchpad Cadenza Acquisitio 0.06% 20,000 $200K No change
ACAAU Averin Capital Acquisition C 0.06% 20,000 $200K New
EURK Eureka Acquisition Corp. 0.05% 15,400 $175K No change
LATA Galata Acqu Corp. II Class A 0.04% 15,000 $150K New
HAVA Harvard Ave Acquisition Class A 0.03% 10,000 $100K New
UCAR U Power Ltd. Class A 0.01% 510,756 $19K New

Options reported separately and not counted above: NNE puts ($1.7M).

Other holdings (99): bonds, preferreds, convertibles and warrants · $3.1M (not counted above)
SecurityClassShares / PrincipalValueChange
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 249,397$412KNo change
BCTXL Briacell Therapeutics Corp. *W EXP 01/15/203 300,000$300KNew
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 93,182$89KNew
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 439,562$88KReduce -2.3%
AMPGR Amplitech Group Inc. RT-A RIGHT 07/18/2026 1,230,000$86KNew
JACKSON ACQUISITION CO II RIGHT 99/99/9999 700,000$81KNo change
BCTXZ Briacell Therapeutics - 30 *W EXP 99/99/999 540,098$76KReduce -0.8%
AMPGZ Amplitech Group Inc. RT-B RIGHT 11/20/2026 1,230,000$75KNew
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 300,000$75KNew
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 306,546$73KReduce -15.1%
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 95,633$57KNo change
TWLVR Twelve Seas Investment Co. II RIGHT 11/21/2030 350,000$53KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 75,000$53KNo change
IRHOR Iron Horse Acquisiti- Rights RIGHT 07/11/2030 470,000$52KNo change
EMISR Emmis Acquisition Corp. RIGHT 09/12/2030 350,000$51KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 250,000$50KNo change
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 191,510$50KReduce -3.8%
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 60,000$46KNo change
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 140,140$42KNew
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 89,000$39KNo change
SVIAW Procap Financial Inc. *W EXP 12/05/203 132,280$37KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 200,000$36KNo change
HCACR Hall Chadwick Acquisi-Rights RIGHT 11/20/2030 147,272$35KReduce -1.8%
QUMSR Quantumsphere Acquisition Co. RIGHT 08/06/2030 138,181$35KReduce -7.8%
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 428,784$34KNew
FVNNR Future Vision II Acquisi-RTS RIGHT 06/29/2029 256,994$33KReduce -9.5%
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 13,417$33KNew
CCXIW Churchill Capital Corp. Xi *W EXP 12/10/203 44,817$32KReduce -10.2%
RIBBR Ribbon Acquisition Corp. RIGHT 12/31/2026 183,715$32KReduce -1.4%
WSTNR Westin Acquisition Corp.-RTS RIGHT 09/17/2030 150,000$32KNew
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 174,809$31KReduce -0.8%
BSAAR Best Spac I Acquisition - RT RIGHT 05/27/2030 174,700$31KReduce -0.2%
SCIIR SC II Acquisition Corp.-RT RIGHT 11/26/2030 141,500$31KReduce -5.7%
FSHPR Flag Ship Acquisition Corp. RIGHT 03/31/2026 279,226$31KReduce -0.3%
DNMXW Dynamix Corp. III *W EXP 10/10/203 100,000$30KNew
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 28,724$30KNew
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 207,510$29KReduce -0.1%
IGACR Invest Green Acquisition-RTS RIGHT 11/17/2030 147,193$28KReduce -1.9%
BIVIW Biovie Inc. -30 *W EXP 08/08/203 90,000$28KNo change
UYSCR Uy Scuti Acquisition Corp. RIGHT 03/03/2030 170,665$27KReduce -0.1%
ALISR Calisa Acquisition Corp. RIGHT 09/11/2030 46,284$25KReduce -38.3%
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 125,000$25KNo change
ORIQW Origin Investment Corp. I -30 *W EXP 06/27/203 124,950$24KNo change
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 150,000$23KNo change
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 19,289$22KNew
MESHW Meshflow Acquisition Corp. *W EXP 11/20/203 83,333$22KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 70,938$20KReduce -56.5%
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 60,000$20KNo change
BPACR Blueport Acquisition Ltd. R RIGHT 02/13/2027 100,000$19KNo change
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 14,792$18KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 29,462$18KNo change
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 100,000$16KNew
ERNAW Ernexa Therapeutics Inc. - 31 *W EXP 02/04/203 400,000$16KNew
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 37,791$15KNew
EVOXW Evolution Global Acquisition *W EXP 10/22/203 41,326$15KNew
CRACR Crown Reserve Acquisitio-RTS RIGHT 10/06/2030 92,860$14KNew
SSEAR Starry Sea Acquisition C-RTS RIGHT 07/07/2030 72,060$14KReduce -27.9%
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 50,000$14KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 50,000$14KNo change
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 74,800$13KReduce -0.3%
ITHAW Ithax Acquisition Corp. III *W EXP 11/17/203 55,000$13KNo change
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 56,374$12KReduce -53.1%
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 97,489$12KReduce -2.5%
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 30,000$12KNo change
GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 93,171$12KNo change
GWHWW Ess Tech Inc. -CW27 *W EXP 10/08/202 586,218$12KNo change
GTERR Globa Terra Acquisition-RTS RIGHT 06/17/2030 92,276$12KReduce -25.7%
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 97,292$12KReduce -2.7%
BLRKW Bluerock Acquisition Corp. *W EXP 12/12/203 33,333$11KNo change
LFACW Leapfrog Acquisition Corp. *W EXP 11/10/203 37,495$11KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 50,000$11KNo change
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 100,179$10KReduce -37.8%
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 79,820$10KNew
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 46,014$9KReduce -8.0%
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 47,127$8KNew
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 37,500$8KNo change
DYORW Insight Digital Partners II *W EXP 10/28/203 25,000$7KNew
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 12,378$7KNo change
NOEMR CO2 Energy Transition Co.-RTS RIGHT 10/15/2028 39,996$7KNo change
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 25,000$7KNo change
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 24,950$6KNew
AIMDW Ainos Inc. - 27 *W EXP 07/29/202 55,837$6KNo change
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 25,000$6KNew
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 12,950$6KNo change
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 22,500$6KNo change
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 25,000$6KNo change
BEBE.WS Tge Value Creative Solutions *W EXP 09/16/203 20,000$6KNo change
APACR Stonebridge Acquisition II C RIGHT 09/09/2030 41,331$5KNew
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 16,666$5KNo change
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 20,000$5KNew
CRACW Crown Reserve Acquisition Co. *W EXP 10/06/203 100,000$5KNew
NOEMW CO2 Energy Transition -28 *W EXP 08/17/202 40,000$4KNo change
WTGUR Wintergreen Acquisition-RT RIGHT 99/99/9999 27,543$4KReduce -1.1%
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 22,500$4KNo change
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 15,170$4KNo change
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 12,500$3KNew
DTSTW Data Storage Corp. -CW26 *W EXP 05/18/202 29,000$2KNo change
IVDAW Iveda Solutions Inc. -CW27 *W EXP 04/01/202 35,193$1KNo change
TNONW Tenon Medical Inc.-28 *W EXP 06/16/202 140,236$1KNo change

Total filed on the 13F, all lines: $357.1M.

Portfolio Sells Q4 2025 → Q1 2026
ABSI Absci Corp. Sold out 0.00% −1.42
CBIO Crescent Biopharma Inc. Sold out 0.00% −1.20
NYXH Nyxoah SA Reduce -60.3% 0.25% −1.11
VACH Voyager Acquisition Corp. Sold out 0.00% −1.02
KYTX Kyverna Therapeutics Inc. Sold out 0.00% −0.98
SLNH Soluna Holdings Inc. Sold out 0.00% −0.91
RIBB Ribbon Acquisition Corp. Sold out 0.00% −0.79
COLA Columbus Acquisition Corp. Sold out 0.00% −0.79
YCY.U Aa Mission Acquisition Corp. Sold out 0.00% −0.77
AVX Avax One Technology Ltd. Sold out 0.00% −0.75
CCXI Churchill Capital Corp. Class A Reduce -10.2% 1.29% −0.66
NOVA MINERALS LTD-ADR Sold out 0.00% −0.60
HAYMAKER ACQUISITION CORP 4 Sold out 0.00% −0.53
GPAT GP-Act III Acquisition-A Reduce -6.6% 1.19% −0.51
GSRFU GSR IV Acquisition Corp. Sold out 0.00% −0.41
MKLYU McKinley Acquisition Corp. Sold out 0.00% −0.39
FTW Eqv Ventures Acquisition C-A Sold out 0.00% −0.38
EVOX Evolution Global Acquis Class A Reduce -44.9% 0.23% −0.34
SVACU Spring Valley Acquisition Co. Sold out 0.00% −0.34
FSHP Flag Ship Acquisition Corp. Reduce -1.4% 0.93% −0.33
CTXR Citius Pharmaceuticals Inc. Sold out 0.00% −0.24
VCIC Vine Hill Capital Class A Sold out 0.00% −0.23
APACU Stonebridge Acquisition II C Sold out 0.00% −0.19
PELI Pelican Acquisition Corp. Sold out 0.00% −0.19
HVMCU Highview Merger Corp. Sold out 0.00% −0.19
KOYNU CSLM Digital Asset Acquisiti Sold out 0.00% −0.19
MACI Melar Acquisition Corp. I-A Reduce -33.4% 0.11% −0.11
CUB Lionheart Holdings Class A Reduce -27.9% 0.11% −0.10
TLNCU Talon Capital Corp. Sold out 0.00% −0.09
HSPT Horizon Space Acquisition II Sold out 0.00% −0.08
LATAU Galata Acquisition Corp. II Sold out 0.00% −0.06
NTWO Newbury Street II Ac Class A Reduce -14.2% 0.08% −0.04
HAVAU Harvard Ave Acquisition Corp. Sold out 0.00% −0.04
ALLURION TECHNOLOGIES INC Sold out 0.00% −0.03

Portfolio Buys Q4 2025 → Q1 2026
SLDP Solid Power Inc. New 10.51% +10.51
IONQ Ionq Inc. New 6.64% +6.64
CMPS Compass Pathways PLC New 2.33% +2.33
LAES Sealsq Corp. New 2.32% +2.32
PONOU Pono Capital Four Inc. New 1.55% +1.55
VLOS Velos Acquisition I Corp. New 1.52% +1.52
BHAVU Bhav Acquisition Corp. New 1.39% +1.39
XFLH.U XFLH Capital Corp. New 1.34% +1.34
CADL Candel Therapeutics Inc. New 1.07% +1.07
AACIU Armada Acquisition Corp. III New 1.03% +1.03
NBRGU Newbridge Acquisition Ltd. New 0.85% +0.85
HCICU Hennessy Capital Investment New 0.85% +0.85
FMACU Future Money Acquisition Cor New 0.85% +0.85
BBCQ Bleichroeder Acquis II Class A New 0.79% +0.79
SVIVU Spring Valley Acquisition Co. New 0.57% +0.57
YCY Aa Mission Acquisition-A New 0.57% +0.57
KRAQU Krakacquisition Corp. New 0.57% +0.57
SCYX Scynexis Inc. New 0.54% +0.54
IRAB.U Iris Acquisition Corp. II New 0.52% +0.52
QADRU Qdro Acquisition Corp. New 0.45% +0.45
IPFXU Inflection Point Acquisition New 0.43% +0.43
KCAC.U Kensington Capital Acquisiti New 0.43% +0.43
GLED.U Galaxyedge Acquisition Corp. New 0.42% +0.42
WSTN Westin Acquisition Corp. Class A New 0.42% +0.42
XCBEU X3 Acquisition Corp. Ltd. New 0.42% +0.42
IMDX Insight Molecular Diagnostic New 0.36% +0.36
CTAAU Clearthink 1 Acquisition Cor New 0.35% +0.35
ALOVU Aldabra 4 Liquidity Opportun New 0.35% +0.35
XSLLU Xsolla Spac 1 New 0.34% +0.34
GWH Ess Tech Inc. New 0.32% +0.32
CEPS Cantor Equity Partners Vi -A New 0.29% +0.29
MKLY McKinley Acquisition Co. Class A New 0.28% +0.28
MEVOU M Evo Global Acquisition Cor New 0.28% +0.28
LAFA Lafayette Acquisition Corp. New 0.28% +0.28
GSRF GSR IV Acquisition Corp. Class A New 0.28% +0.28
IACOU Idea Acquisition Corp. New 0.27% +0.27
WPAC.U White Pearl Acquisition Corp. New 0.22% +0.22
CLBR.U Colombier Acqstn Corp. III New 0.22% +0.22
SORNU Soren Acquisition Corp. New 0.21% +0.21
TRAD.U Apex Tech Acquisition Inc. New 0.21% +0.21
ALIS Calisa Acquisition Corp. New 0.21% +0.21
RFAMU RF Acquisition Corp. III New 0.21% +0.21
PMN Promis Neurosciences Inc. New 0.18% +0.18
DBCAU D Boral Acquisition I Corp. New 0.17% +0.17
BWIV.U Blue Water Acquisition Corp. New 0.17% +0.17
PTORU Praetorian Acquisition Corp. New 0.17% +0.17
CAQUU Cambridge Acquisition Corp. New 0.15% +0.15
HIT Health in Tech Inc. Class A New 0.15% +0.15
APAC Stonebridge Acquisition Class A New 0.14% +0.14
HVMC Highview Merger Corp. Class A New 0.14% +0.14

Options Activity Q4 2025 → Q1 2026
NNE Nano Nuclear Energy Inc. put Reduce -86.7% 81,000 $1.7M

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
BCTXL Briacell Therapeutics Corp. *W EXP 01/15/203 New 300,000 $300K
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 New 93,182 $89K
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 Reduce -2.3% 439,562 $88K
AMPGR Amplitech Group Inc. RT-A RIGHT 07/18/2026 New 1,230,000 $86K
BCTXZ Briacell Therapeutics - 30 *W EXP 99/99/999 Reduce -0.8% 540,098 $76K
AMPGZ Amplitech Group Inc. RT-B RIGHT 11/20/2026 New 1,230,000 $75K
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 New 300,000 $75K
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 Reduce -15.1% 306,546 $73K
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 Sold out 199,500 $50Kbefore exit
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 Reduce -3.8% 191,510 $50K
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 New 140,140 $42K
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 Sold out 234,109 $37Kbefore exit
HCACR Hall Chadwick Acquisi-Rights RIGHT 11/20/2030 Reduce -1.8% 147,272 $35K
QUMSR Quantumsphere Acquisition Co. RIGHT 08/06/2030 Reduce -7.8% 138,181 $35K
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 New 428,784 $34K
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 Sold out 125,000 $34Kbefore exit
FVNNR Future Vision II Acquisi-RTS RIGHT 06/29/2029 Reduce -9.5% 256,994 $33K
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 New 13,417 $33K
CCXIW Churchill Capital Corp. Xi *W EXP 12/10/203 Reduce -10.2% 44,817 $32K
RIBBR Ribbon Acquisition Corp. RIGHT 12/31/2026 Reduce -1.4% 183,715 $32K
WSTNR Westin Acquisition Corp.-RTS RIGHT 09/17/2030 New 150,000 $32K
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 Reduce -0.8% 174,809 $31K
BSAAR Best Spac I Acquisition - RT RIGHT 05/27/2030 Reduce -0.2% 174,700 $31K
SCIIR SC II Acquisition Corp.-RT RIGHT 11/26/2030 Reduce -5.7% 141,500 $31K
FSHPR Flag Ship Acquisition Corp. RIGHT 03/31/2026 Reduce -0.3% 279,226 $31K
DNMXW Dynamix Corp. III *W EXP 10/10/203 New 100,000 $30K
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 New 28,724 $30K
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 Reduce -0.1% 207,510 $29K
IGACR Invest Green Acquisition-RTS RIGHT 11/17/2030 Reduce -1.9% 147,193 $28K
UYSCR Uy Scuti Acquisition Corp. RIGHT 03/03/2030 Reduce -0.1% 170,665 $27K
ALISR Calisa Acquisition Corp. RIGHT 09/11/2030 Reduce -38.3% 46,284 $25K
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 New 19,289 $22K
OAKUR Oak Woods Acquisition Cor-RT RIGHT 03/23/2028 Sold out 84,300 $21Kbefore exit
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 Reduce -56.5% 70,938 $20K
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 New 100,000 $16K
ERNAW Ernexa Therapeutics Inc. - 31 *W EXP 02/04/203 New 400,000 $16K
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 New 37,791 $15K
EVOXW Evolution Global Acquisition *W EXP 10/22/203 New 41,326 $15K
CRACR Crown Reserve Acquisitio-RTS RIGHT 10/06/2030 New 92,860 $14K
SSEAR Starry Sea Acquisition C-RTS RIGHT 07/07/2030 Reduce -27.9% 72,060 $14K
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 Reduce -0.3% 74,800 $13K
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 Reduce -53.1% 56,374 $12K
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 Reduce -2.5% 97,489 $12K
GTERR Globa Terra Acquisition-RTS RIGHT 06/17/2030 Reduce -25.7% 92,276 $12K
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 Reduce -2.7% 97,292 $12K
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 Reduce -37.8% 100,179 $10K
RMCOW American Acq Class A -CW26 *W EXP 10/31/202 Sold out 73,747 $10Kbefore exit
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 New 79,820 $10K
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 Sold out 29,655 $9Kbefore exit
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 Reduce -8.0% 46,014 $9K

Showing the first 50 of 67.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 197$425.0MFLUT, AMC, MGTX, TSHA, OTAI.U
Q1 2026 165$354.0MSLDP, FLUT, IONQ, CMPS, LAES
Q4 2025 120$261.6MFLUT, FG MERGER II CORP, JACS, DMAA, DMIIU
Q3 2025Amended 112$301.2MFLUT, IBRX, NNE, DFDV, FG MERGER II CORP
Q2 2025 92$309.2MFLUT, ACHR, NA, NNE, AMSC
Q1 2025 67$195.3MFLUT, PLUG, FGMCU, JACS.U, HUMA
Q4 2024 66$186.0MFLUT, NNE, ONDS, LB, JACS.U
Q3 2024 55$125.9MFLUT, SOC, GPAT, FVNNU, FSHP