Highbridge Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Highbridge Capital Management LLC reported 77 stock positions worth $642.4 million. Its top holding was Hess (HES) at 12.3% of the portfolio, followed by Allete (ALE, 9.0%) and Heico Class A (HEI.A, 7.7%). Compared with Q1 2025, it opened 42 new positions, sold out of 23, added to 14 and reduced 9. The biggest buy was Heico Class A (HEI.A, shares +78%) and the biggest sale iShares Russell 2000 ETF (IWM, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000919185
- Portfolio Value
- $642.4M (Q2 2025)
- SEC Filing
- 0000919185-25-000007 ↗ filed Aug 12, 2025
Holdings Value
Holdings 77 stocks · $642.4M
| HES Hess Corp. | 12.29% | 569,964 | $79.0M | Add +8.1% |
| ALE Allete Inc. | 8.96% | 898,146 | $57.5M | Add +7.5% |
| HEI.A Heico Corp. Class A | 7.71% | 191,457 | $49.5M | Add +78.3% |
| FYBR Frontier Communications Pare | 5.43% | 958,301 | $34.9M | Reduce -14.0% |
| FWONA Liberty Media Corp. Class A | 5.40% | 365,000 | $34.7M | Add +27.8% |
| AMED Amedisys Inc. | 5.18% | 338,364 | $33.3M | Add +3.1% |
| K Kellanova | 4.38% | 354,066 | $28.2M | Add +15.6% |
| SKX Skechers USA Inc. Class A | 3.93% | 399,893 | $25.2M | New |
| BPMC Blueprint Medicines Corp. | 3.79% | 189,822 | $24.3M | New |
| NWSA News Corp. Class A | 3.03% | 654,242 | $19.4M | New |
| FOX Fox Corp. Class B | 2.69% | 335,027 | $17.3M | New |
| TONT Graf Global Corp. Class A | 2.44% | 1,500,000 | $15.7M | No change |
| CENTA Central Garden and Pet Co. Class A | 2.39% | 491,134 | $15.4M | Add +2.9% |
| LLYVA Liberty Media Corp.-Liberty-A | 2.22% | 179,577 | $14.3M | Add +13.4% |
| BATRK Atlanta Braves Holdings in-C | 2.12% | 291,868 | $13.7M | Add +26.7% |
| LBRDK Liberty Broadband-C | 1.73% | 112,815 | $11.1M | Reduce -20.5% |
| NBR Nabors Industries Ltd. | 1.69% | 387,576 | $10.9M | Reduce -37.3% |
| LLYVK Liberty Media Corp.-Liberty-C | 1.67% | 131,960 | $10.7M | Add +13.6% |
| PPLI People Inc. filed as IAC INC | 1.67% | 286,735 | $10.7M | Add +24.3% |
| SBXDF Silverbox Corp. IV-A | 1.62% | 948,800 | $10.4M | Reduce -5.1% |
| EVRI Everi Holdings Inc. | 1.53% | 690,189 | $9.8M | Reduce -60.2% |
| STHO Star Holdings filed as STAR HLDGS | 1.48% | 1,216,864 | $9.5M | Add +5.8% |
| CNNE Cannae Holdings Inc. | 1.28% | 394,313 | $8.2M | Reduce -29.9% |
| IWM iShares Russell 2000 ETF | 1.14% | 34,000 | $7.3M | Reduce -92.7% |
| VIGL Vigil Neuroscience Inc. | 1.07% | 865,036 | $6.9M | New |
| JENA.U Jena Acquisition Corp. II | 1.07% | 667,999 | $6.9M | New |
| CYBR Cyberark Software Ltd./Israel | 0.93% | 14,700 | $6.0M | New |
| TACO Berto Acquisition Corp. | 0.81% | 500,000 | $5.2M | New |
| FIGXU Figx Capital Acquisition Cor | 0.78% | 500,000 | $5.0M | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.78% | 500,000 | $5.0M | New |
| PACHU Pioneer Acquisition I Corp. | 0.78% | 499,200 | $5.0M | New |
| WTGUU Wintergreen Acquisition Corp. | 0.55% | 350,000 | $3.5M | New |
| TVAIU Thayer Ventures Acquisition | 0.51% | 322,400 | $3.3M | New |
| BTDR Bitdeer Technologies Group-A | 0.51% | 283,500 | $3.3M | New |
| LCID Lucid Group Inc. | 0.51% | 1,537,989 | $3.2M | New |
| DRDB Roman DBDR Acquisition Corp. | 0.40% | 250,000 | $2.6M | No change |
| BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I | 0.39% | 250,000 | $2.5M | New |
| HTZ Hertz Global Hldgs Inc. | 0.34% | 320,000 | $2.2M | New |
| CAEP Cantor Equity Partners III-A | 0.33% | 200,000 | $2.1M | New |
| AXINU Axiom Intelligence Acquisiti | 0.31% | 199,993 | $2.0M | New |
| LWACU Lightwave Acquisition Corp. | 0.31% | 200,000 | $2.0M | New |
| BACCU Blue Acquisition Corp. | 0.31% | 200,000 | $2.0M | New |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 0.31% | 196,907 | $2.0M | New |
| TXNM TXNM Energy Inc. | 0.26% | 30,000 | $1.7M | New |
| ARES ACQUISITION CORP II | 0.25% | 141,800 | $1.6M | New |
| OKUR Onkure Therapeutics Inc. Class A | 0.25% | 663,607 | $1.6M | Add +51.2% |
| BSAAU Best Spac I Acquisition Corp. | 0.23% | 150,000 | $1.5M | New |
| CHPG Championsgate Acquisitio-A | 0.23% | 150,000 | $1.5M | New |
| KW Kennedy-Wilson Holdings Inc. | 0.22% | 210,000 | $1.4M | New |
| SM SM Energy Co. | 0.19% | 50,000 | $1.2M | Reduce -38.8% |
| MIR Mirion Technologies Inc. | 0.19% | 57,352 | $1.2M | New |
| CCCXU Churchill Capital Corp. X | 0.16% | 100,000 | $1.0M | New |
| RDAG Republic Digital Acquis Class A | 0.16% | 100,000 | $1.0M | New |
| GTEN Gores Holdings X Inc. Class A | 0.16% | 100,000 | $1.0M | New |
| FG MERGER II CORP | 0.15% | 96,705 | $954K | New |
| NPAC New Providence Acquisition-A | 0.10% | 62,447 | $634K | New |
| GOSS Gossamer Bio Inc. | 0.10% | 497,694 | $612K | No change |
| CID HOLDCO INC | 0.08% | 100,000 | $513K | New |
| MCGAU Yorkville Acquisition Corp. | 0.08% | 45,275 | $509K | New |
| XRPN Armada Acquisition Class A | 0.08% | 50,400 | $506K | New |
| BDMD Baird Medical Investment Hol | 0.07% | 125,000 | $458K | No change |
| FGMCU FG Merger II Corp. | 0.07% | 42,219 | $427K | New |
| TDS Telephone and Data Systems | 0.06% | 10,000 | $356K | No change |
| ACHV Achieve Life Sciences Inc. | 0.05% | 132,937 | $300K | New |
| ESPR Esperion Therapeutics Inc. | 0.04% | 254,265 | $250K | No change |
| HPAI Helport AI Ltd. | 0.03% | 37,375 | $179K | No change |
| ALPHA MODUS HLDGS INC | 0.02% | 112,500 | $128K | No change |
| WDC Western Digital Corp. | 0.01% | 1,000 | $64K | Reduce -96.4% |
| PCAPU Procap Acquisition Corp. | 0.00% | 1,000 | $11K | New |
| WENNU Wen Acquisition Corp. | 0.00% | 1,000 | $11K | New |
| OYSEU Oyster Enterprises II Acquis | 0.00% | 1,000 | $10K | New |
| EGHA Egh Acquisition Co. Class A | 0.00% | 1,000 | $10K | New |
| SD Sandridge Energy Inc. | 0.00% | 575 | $6K | No change |
| CLDI Calidi Biotherapeutics Inc. | 0.00% | 12,501 | $3K | No change |
| MRNO Murano Global Investments PL | 0.00% | 100 | $1K | No change |
| VFS Vinfast Auto Ltd. | 0.00% | 180 | $643 | No change |
| STARDUST PWR INC | 0.00% | 891 | $176 | Add +190.2% |
Options reported separately and not counted above: ISHARES TR puts ($377.6M), STRATEGY INC calls ($50.5M), STATE STR SPDR S&P 500 ETF T puts ($43.2M), GAMESTOP CORP puts ($36.6M), TRUMP MEDIA & TECHNOLOGY GRO puts ($5.4M), HERTZ GLOBAL HLDGS INC puts ($3.4M), ADS TEC ENERGY PLC calls ($628K), NIO INC puts ($515K), GORILLA TECHNOLOGY GROUP INC calls ($123K).
Other holdings (203): bonds, preferreds, convertibles and warrants · $1.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 145,000,000 | $143.1M | Add +5.5% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 85,000,000 | $107.9M | New |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 50,000,000 | $69.1M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 43,000,000 | $65.2M | Reduce -9.5% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 59,246,000 | $58.8M | Add +9.2% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 44,673,000 | $50.6M | Add +27.6% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 35,083,000 | $42.1M | Reduce -33.2% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 41,553,000 | $41.8M | Add +80.7% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 42,500,000 | $41.7M | Reduce -48.8% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 42,000,000 | $41.2M | Add +7.7% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 39,274,000 | $36.5M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 32,904,000 | $36.2M | New |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 32,500,000 | $33.0M | Reduce -14.5% |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 40,500,000 | $31.3M | Add +5.5% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 40,000,000 | $29.6M | Add +5.3% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 25,000,000 | $28.2M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 23,500,000 | $27.8M | Reduce -47.8% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 37,000,000 | $26.6M | Add +2.8% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 24,000,000 | $26.6M | Reduce -40.0% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 20,000,000 | $23.4M | Reduce -55.6% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 23,817,000 | $21.7M | Reduce -17.4% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 225,016 | $18.6M | Reduce -50.0% |
| REDFIN CORP (RDFN 0 10/15/25) | NOTE 10/1 · principal | 19,000,000 | $18.5M | New |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 19,450,000 | $18.5M | Add +42.0% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 14,250,000 | $17.9M | Add +226.1% |
| KARYOPHARM THERAPEUTICS (KPTI 6 05/13/29 *) | NOTE 6.000% 5/1 · principal | 23,625,000 | $17.7M | New |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 18,842,000 | $16.1M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 14,668,000 | $13.9M | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 12,675,000 | $13.2M | Reduce -50.6% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 9,808,000 | $13.1M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 9,253,000 | $13.0M | Reduce -75.5% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 11,217,000 | $12.8M | Reduce -63.2% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 16,220,000 | $12.8M | New |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | 14,400,000 | $12.2M | Add +80.7% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 100,000 | $11.6M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 13,816,000 | $10.6M | New |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 · principal | 904,924 | $9.8M | Reduce -7.3% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 10,000,000 | $9.8M | No change |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 154,400 | $9.6M | New |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 17,000,000 | $8.9M | Reduce -31.3% |
| INOTIV INC (NOTV 3.25 10/15/27) | NOTE 3.250%10/1 · principal | 28,500,000 | $6.7M | Reduce -12.3% |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 · principal | 2,723,175 | $5.4M | Add +27.0% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 5,500,000 | $4.7M | Reduce -70.3% |
| LUMINAR TECHNOLOGIES INC (LAZR 9 01/15/30) | DEBT 9.000% 1/1 · principal | 9,700,000 | $4.6M | Reduce -17.1% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 450,900 | $3.7M | New |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 · principal | 721,967 | $2.6M | New |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 · principal | 494,116 | $2.0M | New |
| TILRAY BRANDS INC (TLRY 5.2 06/15/27) | NOTE 5.200% 6/1 · principal | 2,050,000 | $1.9M | Add +32.3% |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 2,000,000 | $1.8M | New |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 · principal | 2,537,996 | $1.3M | Reduce -2.5% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 · principal | 575,000 | $633K | Add +283.6% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 · principal | 872,419 | $619K | Add +25.8% |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | 1,640,668 | $612K | Add +0.6% |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 · principal | 3,000,000 | $585K | Add +1.8% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 · principal | 1,271,917 | $492K | Reduce -15.2% |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 968,785 | $481K | Reduce -1.2% |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 · principal | 669,247 | $468K | Reduce -15.3% |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 · principal | 861,094 | $396K | Reduce -9.2% |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 · principal | 1,003,861 | $392K | New |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 · principal | 926,042 | $356K | Reduce -30.8% |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 · principal | 838,438 | $354K | Reduce -15.8% |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 · principal | 2,435,762 | $347K | Reduce -0.3% |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 · principal | 2,279,097 | $303K | New |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 1,173,004 | $293K | Reduce -10.4% |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 · principal | 1,075,965 | $280K | Reduce -29.5% |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 · principal | 1,606,006 | $275K | Reduce -4.7% |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 · principal | 1,072,541 | $252K | Add +3.3% |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 · principal | 2,457,168 | $251K | Reduce -1.2% |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 881,380 | $247K | Reduce -40.5% |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 1,086,415 | $239K | Reduce -12.6% |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 2,507,239 | $226K | Reduce -0.4% |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 · principal | 244,279 | $213K | Add +294.1% |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 1,414,526 | $212K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 · principal | 1,063,558 | $202K | New |
| GRMLW Anew Medical Inc. | *W EXP 06/21/202 · principal | 841,130 | $202K | Add +43.2% |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 127,109 | $191K | Add +8.5% |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | 943,150 | $189K | Reduce -0.0% |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 · principal | 395,620 | $186K | Reduce -17.7% |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 1,350,059 | $185K | No change |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 149,005 | $174K | No change |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 · principal | 795,129 | $167K | Reduce -42.5% |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 · principal | 1,698,824 | $165K | Reduce -21.3% |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 · principal | 501,687 | $161K | Reduce -17.6% |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 · principal | 1,525,560 | $160K | Reduce -15.2% |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 · principal | 80,193 | $158K | Reduce -19.8% |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 · principal | 227,508 | $156K | New |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 · principal | 912,495 | $155K | No change |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 643,758 | $155K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 · principal | 454,415 | $145K | Reduce -18.5% |
| VFSWW Vinfast Auto Ltd.-28 | *W EXP 08/11/202 · principal | 527,650 | $145K | Reduce -2.8% |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 · principal | 119,999 | $144K | Reduce -60.9% |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 · principal | 436,059 | $144K | Reduce -16.8% |
| NAMMW Namib Minerals | *W EXP 06/05/203 · principal | 695,727 | $137K | New |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 · principal | 486,514 | $136K | Reduce -10.8% |
| QSEAR Quartzsea Acquisition Corp. | RIGHT 02/18/2030 | 400,000 | $136K | New |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 · principal | 12,960 | $127K | New |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 550,912 | $127K | New |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 · principal | 364,390 | $124K | Reduce -39.2% |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 707,050 | $120K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 · principal | 445,000 | $120K | Reduce -25.0% |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 · principal | 408,906 | $119K | Reduce -13.0% |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 · principal | 420,000 | $118K | Reduce -16.0% |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 · principal | 366,004 | $113K | Reduce -26.6% |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 · principal | 659,066 | $112K | Add +35.5% |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 · principal | 1,299,920 | $107K | Reduce -42.7% |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 · principal | 295,665 | $106K | Reduce -1.4% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 850,000 | $106K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 · principal | 1,496,386 | $105K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 · principal | 248,942 | $105K | New |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 · principal | 5,054,625 | $96K | Reduce -9.1% |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 589,694 | $92K | Reduce 0.0% |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 · principal | 750,000 | $90K | No change |
| SCAGW Scage Future -30 | *W EXP 05/15/203 · principal | 988,151 | $89K | New |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 637,402 | $89K | Add +2.4% |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 400,000 | $88K | No change |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 · principal | 297,330 | $87K | Reduce -17.5% |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 450,000 | $86K | New |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 250,000 | $85K | No change |
| AMBWQ Ambipar Emergency Respons-28 | *W EXP 03/03/202 · principal | 500,000 | $85K | Add +87.1% |
| PERFF Perfect Corp. | *W EXP 10/28/202 · principal | 2,304,267 | $84K | Reduce -0.5% |
| ATMVR Alphavest Acquisition Co.-RT | RIGHT 01/22/2026 | 267,780 | $80K | Reduce -15.7% |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 400,000 | $80K | Add +158.1% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 480,789 | $79K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 · principal | 156,666 | $77K | New |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 539,168 | $75K | No change |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 297,670 | $75K | Reduce -0.8% |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 · principal | 497,445 | $75K | Reduce -10.5% |
| HSPTR Horizon Space Acquisition II | RIGHT 03/30/2026 | 529,989 | $74K | Reduce 0.0% |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 · principal | 699,390 | $74K | Reduce -6.8% |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 · principal | 97,800 | $72K | Reduce -46.2% |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 · principal | 214,713 | $71K | Reduce -43.4% |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 · principal | 333,468 | $70K | New |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 · principal | 143,877 | $69K | Reduce -88.7% |
| FOXXW 1OXX | *W EXP 09/26/202 · principal | 488,656 | $68K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 · principal | 253,361 | $68K | Reduce -15.1% |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 776,705 | $66K | No change |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 346,590 | $66K | Add +0.2% |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 · principal | 341,722 | $65K | Reduce -40.0% |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 334,399 | $60K | Reduce -0.2% |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 · principal | 2,500,000 | $60K | Reduce -21.9% |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 459,248 | $60K | Add +0.3% |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 200,000 | $56K | New |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 197,115 | $55K | Reduce -1.4% |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 200,000 | $55K | New |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 544,374 | $54K | New |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 · principal | 589,955 | $53K | Reduce -0.0% |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 251,000 | $53K | New |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 · principal | 646,612 | $50K | Reduce -55.2% |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 · principal | 100,000 | $50K | Reduce -20.0% |
| OSRHW Bellevue Life Sciences-WRNT | *W EXP 02/09/202 · principal | 774,767 | $50K | No change |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 450,000 | $50K | No change |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 · principal | 569,109 | $49K | Reduce -0.6% |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 · principal | 907,900 | $49K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 · principal | 175,780 | $48K | New |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 · principal | 157,654 | $47K | Reduce -1.0% |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 · principal | 1,043,735 | $47K | Reduce -30.1% |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 · principal | 125,000 | $46K | New |
| DISTW Distoken Acquisition Corp.-28 | *W EXP 11/30/202 · principal | 355,974 | $43K | Reduce -52.5% |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 · principal | 250,000 | $41K | No change |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 · principal | 101,735 | $41K | New |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 200,000 | $40K | New |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 · principal | 234,159 | $39K | New |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 · principal | 384,241 | $38K | Reduce -1.6% |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 · principal | 751,044 | $37K | Reduce -20.9% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 · principal | 50,000 | $36K | New |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 · principal | 699,580 | $36K | Reduce -88.4% |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 · principal | 432,300 | $34K | New |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 · principal | 133,861 | $33K | New |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 127,199 | $32K | Reduce -31.6% |
| HSPRF Horizon Space Acquisition-RT | RIGHT 12/27/2024 | 161,286 | $29K | Add +0.8% |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 · principal | 724,608 | $29K | Reduce -3.4% |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 189,421 | $28K | Reduce -5.3% |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 · principal | 145,557 | $28K | Reduce -2.6% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 · principal | 99,869 | $26K | New |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 615,749 | $25K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 · principal | 39,765 | $24K | New |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 · principal | 87,499 | $24K | New |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | 205,062 | $23K | Reduce -0.0% |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 · principal | 74,889 | $22K | Add +9.7% |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 · principal | 424,700 | $22K | Reduce -30.4% |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 107,949 | $22K | New |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 · principal | 400,000 | $21K | No change |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 · principal | 700,000 | $21K | Reduce -19.9% |
| BOWNR Bowen Acquisition Corp.-RTS | RIGHT 99/99/9999 | 97,940 | $21K | Reduce -23.4% |
| GIBOW Gibo Holdings Ltd.-30 | *W EXP 05/08/203 · principal | 749,001 | $20K | New |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 · principal | 605,435 | $17K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 · principal | 494,017 | $15K | Reduce -29.8% |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 · principal | 25,000 | $15K | New |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 · principal | 53,608 | $13K | Reduce -46.4% |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 · principal | 212,183 | $13K | Reduce -63.7% |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 · principal | 536,933 | $12K | Reduce -31.1% |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 · principal | 393,782 | $10K | Reduce -53.8% |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 · principal | 190,564 | $10K | Reduce -72.0% |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 23,842 | $7K | Reduce -76.3% |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 · principal | 10,109 | $4K | New |
| ANGHW Anghami Inc. -CW27 | *W EXP 02/03/202 · principal | 157,700 | $2K | Reduce -79.6% |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 · principal | 500 | $325 | New |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 1,000 | $230 | New |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 · principal | 100 | $204 | New |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 · principal | 100 | $100 | No change |
Largest 200 of 203 shown.
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q1 2025 → Q2 2025
| IWM iShares Russell 2000 ETF | Reduce -92.7% | 1.14% | −13.90 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −3.02 |
| CKPT Checkpoint Therapeutics Inc. | Sold out | 0.00% | −2.49 |
| NBR Nabors Industries Ltd. | Reduce -37.3% | 1.69% | −2.46 |
| EVRI Everi Holdings Inc. | Reduce -60.2% | 1.53% | −2.29 |
| VLOS Velos Acquisition I Corp. | Sold out | 0.00% | −2.07 |
| FYBR Frontier Communications Pare | Reduce -14.0% | 5.43% | −1.01 |
| RAC.U Rithm Acquisition Corp. | Sold out | 0.00% | −0.81 |
| ITGR Integer Holdings Corp. | Sold out | 0.00% | −0.78 |
| GATE Marblegate Acquisition Cor-A | Sold out | 0.00% | −0.71 |
| SOLARBANK CORPORATION | Sold out | 0.00% | −0.56 |
| CNNE Cannae Holdings Inc. | Reduce -29.9% | 1.28% | −0.38 |
| IBAC Ib Acquisition Corp. | Sold out | 0.00% | −0.33 |
| IPEX Inflection Point Acquisition | Sold out | 0.00% | −0.24 |
| GRRR Gorilla Technology Group Inc. | Sold out | 0.00% | −0.23 |
| REEAF Ree Automotive Ltd. Class A | Sold out | 0.00% | −0.23 |
| LBRDK Liberty Broadband-C | Reduce -20.5% | 1.73% | −0.22 |
| SM SM Energy Co. | Reduce -38.8% | 0.19% | −0.20 |
| WDC Western Digital Corp. | Reduce -96.4% | 0.01% | −0.17 |
| LPA Logistic Properties of the A | Sold out | 0.00% | −0.16 |
| LCII Lci Industries | Sold out | 0.00% | −0.08 |
| ADSE ADS-Tec Energy PLC | Sold out | 0.00% | −0.07 |
| ULYX Urgent.ly Inc. | Sold out | 0.00% | −0.05 |
| ATIIU Archimedes Tech Spac Partner | Sold out | 0.00% | −0.04 |
| SBXDF Silverbox Corp. IV-A | Reduce -5.1% | 1.62% | −0.02 |
| PITEF Heramba Electric PLC | Sold out | 0.00% | −0.01 |
| SATL Satellogic Inc. Class A | Sold out | 0.00% | −0.00 |
| LZM Lifezone Metals Ltd. | Sold out | 0.00% | −0.00 |
| HYPR Hyperfine Inc. | Sold out | 0.00% | 0.00 |
| SLND Southland Holdings Inc. | Sold out | 0.00% | 0.00 |
| MDAI Spectral AI Inc. | Sold out | 0.00% | 0.00 |
| MLKMF Waldencast PLC-A | Sold out | 0.00% | 0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| HEI.A Heico Corp. Class A | Add +78.3% | 7.71% | +4.06 |
| SKX Skechers USA Inc. Class A | New | 3.93% | +3.93 |
| BPMC Blueprint Medicines Corp. | New | 3.79% | +3.79 |
| NWSA News Corp. Class A | New | 3.03% | +3.03 |
| FOX Fox Corp. Class B | New | 2.69% | +2.69 |
| FWONA Liberty Media Corp. Class A | Add +27.8% | 5.40% | +1.65 |
| VIGL Vigil Neuroscience Inc. | New | 1.07% | +1.07 |
| JENA.U Jena Acquisition Corp. II | New | 1.07% | +1.07 |
| CYBR Cyberark Software Ltd./Israel | New | 0.93% | +0.93 |
| TACO Berto Acquisition Corp. | New | 0.81% | +0.81 |
| FIGXU Figx Capital Acquisition Cor | New | 0.78% | +0.78 |
| OBAWU Oxley Bridge Acquisition Ltd. | New | 0.78% | +0.78 |
| PACHU Pioneer Acquisition I Corp. | New | 0.78% | +0.78 |
| BATRK Atlanta Braves Holdings in-C | Add +26.7% | 2.12% | +0.64 |
| WTGUU Wintergreen Acquisition Corp. | New | 0.55% | +0.55 |
| TVAIU Thayer Ventures Acquisition | New | 0.51% | +0.51 |
| LLYVA Liberty Media Corp.-Liberty-A | Add +13.4% | 2.22% | +0.51 |
| BTDR Bitdeer Technologies Group-A | New | 0.51% | +0.51 |
| LCID Lucid Group Inc. | New | 0.51% | +0.51 |
| LLYVK Liberty Media Corp.-Liberty-C | Add +13.6% | 1.67% | +0.39 |
| BLUWU Blue Water Acquisition III | New | 0.39% | +0.39 |
| HTZ Hertz Global Hldgs Inc. | New | 0.34% | +0.34 |
| CAEP Cantor Equity Partners III-A | New | 0.33% | +0.33 |
| K Kellanova | Add +15.6% | 4.38% | +0.31 |
| AXINU Axiom Intelligence Acquisiti | New | 0.31% | +0.31 |
| LWACU Lightwave Acquisition Corp. | New | 0.31% | +0.31 |
| BACCU Blue Acquisition Corp. | New | 0.31% | +0.31 |
| FAC Factorial Energy Inc. | New | 0.31% | +0.31 |
| AMED Amedisys Inc. | Add +3.1% | 5.18% | +0.28 |
| TXNM TXNM Energy Inc. | New | 0.26% | +0.26 |
| ARES ACQUISITION CORP II | New | 0.25% | +0.25 |
| BSAAU Best Spac I Acquisition Corp. | New | 0.23% | +0.23 |
| CHPG Championsgate Acquisitio-A | New | 0.23% | +0.23 |
| KW Kennedy-Wilson Holdings Inc. | New | 0.22% | +0.22 |
| MIR Mirion Technologies Inc. | New | 0.19% | +0.19 |
| CCCXU Churchill Capital Corp. X | New | 0.16% | +0.16 |
| RDAG Republic Digital Acquis Class A | New | 0.16% | +0.16 |
| GTEN Gores Holdings X Inc. Class A | New | 0.16% | +0.16 |
| FG MERGER II CORP | New | 0.15% | +0.15 |
| ALE Allete Inc. | Add +7.5% | 8.96% | +0.12 |
| NPAC New Providence Acquisition-A | New | 0.10% | +0.10 |
| CID HOLDCO INC | New | 0.08% | +0.08 |
| MCGAU Yorkville Acquisition Corp. | New | 0.08% | +0.08 |
| XRPN Armada Acquisition Class A | New | 0.08% | +0.08 |
| FGMCU FG Merger II Corp. | New | 0.07% | +0.07 |
| ACHV Achieve Life Sciences Inc. | New | 0.05% | +0.05 |
| PCAPU Procap Acquisition Corp. | New | 0.00% | +0.00 |
| EGHA Egh Acquisition Co. Class A | New | 0.00% | +0.00 |
| OYSEU Oyster Enterprises II Acquis | New | 0.00% | +0.00 |
| WENNU Wen Acquisition Corp. | New | 0.00% | +0.00 |
Options Activity Q1 2025 → Q2 2025
| ISHARES TR | put | Add +75.0% | 1,750,000 | $377.6M |
| STRATEGY INC | call | New | 125,000 | $50.5M |
| STATE STR SPDR S&P 500 ETF T | put | New | 70,000 | $43.2M |
| GAMESTOP CORP | put | New | 1,500,000 | $36.6M |
| TRUMP MEDIA & TECHNOLOGY GRO | put | New | 300,000 | $5.4M |
| HERTZ GLOBAL HLDGS INC | put | New | 500,000 | $3.4M |
| INTRA-CELLULAR THERAPIES INC | put | Sold out | 9,700 | $1.3Mbefore exit |
| ADS TEC ENERGY PLC | call | New | 45,500 | $628K |
| NIO INC | put | Reduce -73.9% | 150,000 | $515K |
| ARQIT QUANTUM INC | call | Sold out | 20 | $277before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +5.5% | 145,000,000 | $143.1M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 85,000,000 | $107.9M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Sold out | 90,000,000 | $91.2Mbefore exit |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 74,000,000 | $85.5Mbefore exit |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | New | 50,000,000 | $69.1M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 53,447,000 | $67.5Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -9.5% | 43,000,000 | $65.2M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 50,187,000 | $60.2Mbefore exit |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +9.2% | 59,246,000 | $58.8M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 49,794,000 | $53.9Mbefore exit |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Add +27.6% | 44,673,000 | $50.6M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 48,831,000 | $48.8Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Reduce -33.2% | 35,083,000 | $42.1M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +80.7% | 41,553,000 | $41.8M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Reduce -48.8% | 42,500,000 | $41.7M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Add +7.7% | 42,000,000 | $41.2M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 32,302,000 | $39.3Mbefore exit |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | New | 39,274,000 | $36.5M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 32,904,000 | $36.2M |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | Reduce -14.5% | 32,500,000 | $33.0M |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | Add +5.5% | 40,500,000 | $31.3M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +5.3% | 40,000,000 | $29.6M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | New | 25,000,000 | $28.2M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -47.8% | 23,500,000 | $27.8M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +2.8% | 37,000,000 | $26.6M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Reduce -40.0% | 24,000,000 | $26.6M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Sold out | 530,267 | $26.1Mbefore exit |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Sold out | 26,000,000 | $24.4Mbefore exit |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -55.6% | 20,000,000 | $23.4M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 15,500,000 | $22.6Mbefore exit |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Reduce -17.4% | 23,817,000 | $21.7M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Reduce -50.0% | 225,016 | $18.6M |
| REDFIN CORP (RDFN 0 10/15/25) | NOTE 10/1 · principal | New | 19,000,000 | $18.5M |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | Add +42.0% | 19,450,000 | $18.5M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +226.1% | 14,250,000 | $17.9M |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | Sold out | 21,250,000 | $17.8Mbefore exit |
| KARYOPHARM THERAPEUTICS (KPTI 6 05/13/29 *) | NOTE 6.000% 5/1 · principal | New | 23,625,000 | $17.7M |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | Sold out | 17,647,000 | $17.3Mbefore exit |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | New | 18,842,000 | $16.1M |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Sold out | 15,338,000 | $15.0Mbefore exit |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | New | 14,668,000 | $13.9M |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | Reduce -50.6% | 12,675,000 | $13.2M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -75.5% | 9,253,000 | $13.0M |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | Reduce -63.2% | 11,217,000 | $12.8M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | New | 16,220,000 | $12.8M |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | Add +80.7% | 14,400,000 | $12.2M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 100,000 | $11.6M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | New | 13,816,000 | $10.6M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 · principal | Reduce -7.3% | 904,924 | $9.8M |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | Sold out | 10,700,000 | $9.7Mbefore exit |
Showing the first 50 of 217.
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 | 219 | $1.5B | EA, SBET, LLYVK, KVUE, WBD |
| Q1 2026 | 169 | $1.0B | EA, HOLX, WIX, CWAN, NVRI |
| Q4 2025 | 106 | $1.3B | EA, ELME, CYBR, FOX, FYBR |
| Q3 2025 | 77 | $698.0M | HYG, VRNA, FYBR, TXNM, FOX |
| Q2 2025 | 77 | $642.4M | HES, ALE, HEI.A, FYBR, FWONA |
| Q1 2025 | 59 | $620.9M | IWM, HES, ALE, FYBR, AMED |
| Q4 2024 | 79 | $697.9M | HES, ALE, SUM, FYBR, AMED |
| Q3 2024 | 57 | $574.7M | LBRDK, HES, HEI.A, LLYVK, AMED |
| Q2 2024 | 48 | $378.9M | LBRDK, HES, LLYVK, AMED, NVEI |
| Q1 2024 | 33 | $333.9M | LBRDK, PXD, LLYVK, HES, NEE |