Highbridge Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Highbridge Capital Management LLC reported 106 stock positions worth $1.3 billion. Its top holding was Electronic Arts (EA) at 8.6% of the portfolio, followed by Elme Communities (ELME, 7.8%) and Cyberark Software Ltd./Israel (CYBR, 5.8%). Compared with Q3 2025, it opened 64 new positions, sold out of 32, added to 13 and reduced 11. The biggest buy was Electronic Arts (EA, shares +10479%) and the biggest sale an exit from Ishr Ibx Usd Hiyld CB ETF-Ui (HYG).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000919185
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0000919185-26-000002 ↗ filed Feb 11, 2026
Holdings Value
Holdings 106 stocks · $1.3B
| EA Electronic Arts Inc. | 8.57% | 528,950 | $108.1M | Add +10479.0% |
| ELME Elme Communities | 7.78% | 5,638,128 | $98.1M | New |
| CYBR Cyberark Software Ltd./Israel | 5.85% | 165,341 | $73.8M | Add +375.9% |
| FOX Fox Corp. Class B | 4.60% | 893,359 | $58.0M | Add +43.8% |
| FYBR Frontier Communications Pare | 4.46% | 1,477,836 | $56.3M | Add +46.6% |
| NGD New Gold Inc. | 4.31% | 6,240,314 | $54.4M | New |
| HEI.A Heico Corp. Class A | 3.87% | 193,537 | $48.9M | Add +78.7% |
| EXAS Exact Sciences Corp. | 3.87% | 480,733 | $48.8M | New |
| HOLX Hologic Inc. | 3.61% | 611,860 | $45.6M | New |
| AVDL Avadel Pharmaceuticals Ltd. | 3.50% | 2,048,585 | $44.1M | New |
| RNAM Avidity Biosciences Inc. | 3.35% | 585,550 | $42.2M | New |
| NVRI Enviri Corp. | 2.13% | 1,495,645 | $26.8M | New |
| CDTX Cidara Therapeutics Inc. | 1.98% | 112,980 | $25.0M | New |
| NBR Nabors Industries Ltd. | 1.78% | 413,294 | $22.4M | Reduce -16.0% |
| MRLN Merlin Inc. filed as INFLECTION POINT ACQUISITION | 1.71% | 2,011,897 | $21.6M | New |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 1.63% | 2,000,000 | $20.6M | New |
| FWONA Liberty Media Corp. Class A | 1.61% | 227,221 | $20.3M | Reduce -30.0% |
| KVUE Kenvue Inc. | 1.61% | 1,174,353 | $20.3M | New |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 1.57% | 1,878,437 | $19.8M | New |
| NWSA News Corp. Class A | 1.51% | 727,579 | $19.0M | Add +12.7% |
| BHF Brighthouse Financial Inc. | 1.41% | 275,390 | $17.8M | New |
| LLYVA Liberty Live Holdings Class A | 1.36% | 210,332 | $17.1M | Add +1.0% |
| BATRK Atlanta Braves Holdings in-C | 1.33% | 426,160 | $16.8M | Add +8.3% |
| PPLI People Inc. filed as IAC INC | 1.29% | 417,452 | $16.3M | Reduce -13.8% |
| TONT Graf Global Corp. Class A | 1.28% | 1,500,000 | $16.1M | No change |
| ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII | 1.23% | 1,500,000 | $15.5M | New |
| CEPT Cantor Equity Partners Class A | 1.18% | 1,321,945 | $14.9M | New |
| VCIC Vine Hill Capital Class A | 1.17% | 1,373,824 | $14.8M | New |
| MBVI M3-Brigade Acquisition Class A | 1.17% | 1,470,000 | $14.7M | No change |
| CENTA Central Garden and Pet Co. Class A | 1.07% | 460,169 | $13.4M | Reduce -1.0% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 1.01% | 341,070 | $12.7M | Reduce -34.8% |
| IWM iShares Russell 2000 ETF | 1.00% | 51,440 | $12.7M | New |
| CRANU Crane Harbor Acquisition Cor | 0.96% | 1,200,000 | $12.1M | New |
| HCMA HCM III Acquisition Cor Class A | 0.80% | 1,000,000 | $10.1M | No change |
| STHO Star Holdings filed as STAR HLDGS | 0.78% | 1,194,275 | $9.8M | Reduce -0.2% |
| ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP | 0.70% | 884,351 | $8.9M | New |
| CHAC Crane Harbor Acqu Corp. Class A | 0.68% | 800,000 | $8.6M | New |
| SRPT Sarepta Therapeutics Inc. | 0.68% | 400,000 | $8.6M | New |
| EMPD Empery Digital Inc. | 0.67% | 1,839,151 | $8.4M | Add +61.5% |
| CAEP Cantor Equity Partners III-A | 0.57% | 710,419 | $7.2M | New |
| ZTS Zoetis Inc. | 0.56% | 55,667 | $7.0M | New |
| VHCPU Vine Hill Capital Investment | 0.52% | 650,000 | $6.5M | New |
| CEPV Cantor Equity Partners Class A | 0.49% | 600,000 | $6.2M | New |
| FG MERGER II CORP | 0.45% | 559,889 | $5.6M | Add +119.9% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.44% | 422,704 | $5.5M | New |
| TACO Berto Acquisition Corp. | 0.40% | 500,000 | $5.1M | No change |
| INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X | 0.40% | 323,800 | $5.1M | Reduce -76.6% |
| LEGT Legato Merger Corp. III | 0.38% | 444,487 | $4.8M | New |
| NSC Norfolk Southern Corp. | 0.38% | 16,560 | $4.8M | Add +728.0% |
| TWLVU Twelve Seas Investment Co. II | 0.37% | 466,100 | $4.6M | New |
| SBET Sharplink Inc. | 0.36% | 512,764 | $4.6M | Add +5947.5% |
| LPCVU Launchpad Cadenza Acquisitio | 0.36% | 458,162 | $4.6M | New |
| CHKP Check Point Software Tech | 0.34% | 22,976 | $4.3M | New |
| WLAC Willow Lane Acquisition Class A | 0.32% | 321,813 | $4.1M | New |
| CFLT Confluent Inc. Class A | 0.30% | 125,000 | $3.8M | New |
| HCACU Hall Chadwick Acquisition Co. | 0.28% | 350,000 | $3.5M | New |
| ITHAU Ithax Acquisition Corp. III | 0.28% | 350,000 | $3.5M | New |
| SCIIU SC II Acquisition Corp. | 0.26% | 327,678 | $3.3M | New |
| BTDR Bitdeer Technologies Group-A | 0.25% | 283,500 | $3.2M | No change |
| BCSS Bain Capital GSS Inv- A | 0.24% | 300,000 | $3.0M | No change |
| BDCI BTC Development Corp. Class A | 0.24% | 300,000 | $3.0M | Reduce -25.0% |
| DRDB Roman DBDR Acquisition Corp. | 0.21% | 250,000 | $2.6M | No change |
| BPACU Blueport Acquisition Ltd. | 0.20% | 250,000 | $2.5M | New |
| BEBE.U Tge Value Creative Solutions | 0.20% | 250,000 | $2.5M | New |
| MESHU Meshflow Acquisition Corp. | 0.19% | 233,986 | $2.3M | New |
| SVAQU Silicon Valley Acquisition C | 0.16% | 200,000 | $2.0M | New |
| CEPF Cantor Equity Partners Class A | 0.13% | 163,658 | $1.7M | New |
| WHR Whirlpool Corp. | 0.13% | 23,000 | $1.7M | New |
| OKUR Onkure Therapeutics Inc. Class A | 0.12% | 542,361 | $1.6M | Reduce -16.6% |
| IMSR Terrestrial Energy Inc. | 0.12% | 244,000 | $1.5M | New |
| AEXA American Exceptionalism Class A | 0.11% | 117,000 | $1.3M | Reduce -44.9% |
| SM SM Energy Co. | 0.10% | 66,000 | $1.2M | Add +32.0% |
| JBS JBS NV-A | 0.09% | 76,200 | $1.1M | Reduce -71.8% |
| DK Delek US Holdings Inc. | 0.09% | 36,837 | $1.1M | New |
| GTEN Gores Holdings X Inc. Class A | 0.08% | 100,000 | $1.0M | No change |
| TMUS T-Mobile US Inc. | 0.08% | 5,000 | $1.0M | New |
| SCPQU Social Commerce Partners Cor | 0.08% | 100,000 | $1.0M | New |
| GLIBA Liberty Capital Corp. filed as GCI LIBERTY INC | 0.08% | 26,541 | $979K | No change |
| GPACU General Purpose Acquisition | 0.07% | 89,282 | $894K | New |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 0.07% | 135,000 | $865K | New |
| NAVI Navient Corp. | 0.07% | 65,000 | $845K | New |
| BLRKU Bluerock Acquisition Corp. | 0.06% | 78,850 | $789K | New |
| HTZ Hertz Global Hldgs Inc. | 0.05% | 122,442 | $629K | New |
| LLYVK Liberty Live Holdings Class C | 0.05% | 7,045 | $586K | New |
| CMCSA Comcast Corp. Class A | 0.04% | 18,000 | $538K | New |
| SAC.U Safeguard Acquisition Corp. | 0.04% | 45,963 | $464K | New |
| TDS Telephone and Data Systems | 0.03% | 10,000 | $410K | No change |
| NWL Newell Brands Inc. | 0.02% | 58,000 | $216K | New |
| DSACU Daedalus Special Acquisition | 0.02% | 21,319 | $214K | New |
| ULYX Urgent.ly Inc. | 0.02% | 68,748 | $201K | No change |
| BDMD Baird Medical Investment Hol | 0.01% | 125,000 | $170K | No change |
| HPAI Helport AI Ltd. | 0.01% | 37,375 | $157K | No change |
| OPEN Opendoor Technologies Inc. | 0.01% | 24,540 | $143K | New |
| KBONU Karbon Capital Partners Corp. | 0.01% | 11,465 | $115K | New |
| RNW Renew Energy Global PLC-A | 0.01% | 17,238 | $97K | New |
| ALPHA MODUS HLDGS INC | 0.00% | 112,500 | $52K | No change |
| CID HOLDCO INC | 0.00% | 100,000 | $45K | No change |
| CCXIU Churchill Capital Corp. Xi | 0.00% | 1,000 | $10K | New |
| LFACU Leapfrog Acquisition Corp. | 0.00% | 1,000 | $10K | New |
| AEAQU Activate Energy Acquisition | 0.00% | 1,000 | $10K | New |
| SD Sandridge Energy Inc. | 0.00% | 575 | $8K | No change |
| CLASSOVER HLDGS INC | 0.00% | 26,701 | $5K | New |
| CNCK Coincheck Group NV | 0.00% | 1,135 | $3K | New |
| CLDI Calidi Biotherapeutics Inc. | 0.00% | 1,042 | $1K | No change |
| HAYMAKER ACQUISITION CORP 4 | 0.00% | 100 | $1K | New |
| MRNO Murano Global Investments PL | 0.00% | 200 | $116 | No change |
Options reported separately and not counted above: ISHARES TR puts ($369.2M), ISHARES TR puts ($322.5M), SPDR GOLD TR puts ($198.2M), AMAZON COM INC calls ($46.2M), NIO INC puts ($18.0M), KIMBERLY-CLARK CORP calls ($15.4M), JBS N.V. calls ($3.6M).
Other holdings (184): bonds, preferreds, convertibles and warrants · $903.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 115,000,000 | $119.5M | Reduce -17.9% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 50,000,000 | $77.7M | Reduce -28.6% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 48,735,000 | $53.4M | Add +20.3% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 57,306,000 | $51.7M | Add +54.9% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 47,000,000 | $45.6M | Add +17.5% |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 46,942,000 | $44.7M | Add +57.3% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 43,553,000 | $43.8M | Add +4.8% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 37,500,000 | $42.7M | Reduce -6.3% |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 36,995,000 | $36.3M | Add +97.6% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 25,000,000 | $34.1M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 25,892,000 | $32.8M | New |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 31,813,000 | $31.5M | New |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 26,000,000 | $30.4M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 29,234,000 | $29.0M | Reduce -31.6% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 32,500,000 | $29.0M | Add +1200.0% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 28,559,000 | $28.5M | Reduce -35.9% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 28,668,000 | $28.3M | Add +7.5% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 25,882,000 | $26.2M | Add +228.4% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 19,450,000 | $19.3M | No change |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 9,808,000 | $11.5M | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 11,314,000 | $11.1M | No change |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 5,990,000 | $9.2M | New |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | 9,000,000 | $7.7M | New |
| INOTIV INC (NOTV 3.25 10/15/27) | NOTE 3.250%10/1 · principal | 28,250,000 | $6.8M | No change |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 7,103,000 | $6.2M | New |
| GREEN PLAINS INC | DEBT 5.250%11/0 · principal | 4,504,000 | $4.7M | New |
| GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) | NOTE 5.250%11/0 · principal | 4,048,000 | $4.2M | New |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 · principal | 1,333,071 | $3.6M | Add +39.5% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 582,785 | $2.6M | Add +25.3% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 45,000 | $2.5M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 2,981,000 | $2.4M | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 2,500,000 | $2.3M | New |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 3,000,000 | $2.1M | Reduce -70.0% |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 · principal | 1,708,795 | $1.4M | Reduce -26.1% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 · principal | 140,486 | $1.2M | Reduce -80.2% |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 · principal | 380,992 | $979K | Reduce -42.8% |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 1,000,000 | $939K | New |
| VWAVW Visionwave Holdings Inc. | *W EXP 07/14/203 · principal | 738,755 | $864K | Reduce -22.3% |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 · principal | 518,213 | $725K | Reduce -16.6% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 10/28/203 · principal | 305,000 | $647K | New |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 · principal | 395,813 | $606K | Reduce -36.2% |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 · principal | 670,020 | $586K | Add +379.3% |
| IAUX.WS I-80 Gold Corp. -26 | *W EXP 11/16/202 · principal | 700,000 | $570K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 · principal | 711,721 | $570K | Add +304.9% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 · principal | 1,278,608 | $525K | Reduce -0.6% |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 · principal | 334,191 | $488K | Add +143.9% |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | 1,685,264 | $409K | Add +3.1% |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 900,000 | $360K | Add +39.8% |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 140,857 | $287K | Reduce -1.9% |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 · principal | 522,046 | $251K | Add +30.5% |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | 897,322 | $224K | Reduce -4.7% |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 1,178,372 | $224K | Reduce -16.6% |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 · principal | 2,175,712 | $222K | Reduce -11.3% |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 1,836,641 | $220K | Reduce -26.8% |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 490,956 | $216K | Reduce -54.8% |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 · principal | 136,928 | $212K | Reduce -63.5% |
| GIWWR GIGCAPITAL8 Corp.-RTS | RIGHT 09/30/2030 | 625,000 | $194K | New |
| VNMEW Vendome Acquisition Corp. I | *W EXP 07/03/202 · principal | 774,071 | $194K | Reduce -3.1% |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 · principal | 218,985 | $186K | Add +218885.0% |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 142,544 | $185K | Add +0.1% |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 · principal | 408,848 | $185K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 · principal | 407,105 | $179K | Reduce -44.4% |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | 674,389 | $175K | New |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 · principal | 414,619 | $170K | Add +211.2% |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 · principal | 454,484 | $168K | New |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 · principal | 602,900 | $167K | New |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 803,560 | $165K | Add +3.5% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 1,024,112 | $162K | Add +4.1% |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 809,082 | $160K | No change |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 · principal | 225,825 | $158K | New |
| NMPAR NMP Acquisition Corp. | RIGHT 06/27/2030 | 731,280 | $147K | Add +0.1% |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 · principal | 691,430 | $145K | Reduce -1.1% |
| QUMSR Quantumsphere Acquisition Co. | RIGHT 08/06/2030 | 684,037 | $144K | Reduce -2.3% |
| GTERR Globa Terra Acquisition-RTS | RIGHT 06/17/2030 | 1,066,316 | $139K | Reduce -14.8% |
| SSEAR Starry Sea Acquisition C-RTS | RIGHT 07/07/2030 | 466,132 | $133K | Add +14.8% |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 530,657 | $133K | Reduce -11.6% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 · principal | 566,762 | $130K | Add +13.7% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 · principal | 676,948 | $128K | Reduce -19.8% |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 · principal | 737,405 | $125K | Add +16.0% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 540,845 | $123K | Add +0.1% |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 483,666 | $121K | Reduce -12.2% |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 564,913 | $119K | No change |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 385,733 | $116K | Reduce -39.3% |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 588,770 | $112K | No change |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 · principal | 441,338 | $110K | Add +8.5% |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 · principal | 408,108 | $110K | New |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 562,398 | $110K | Reduce -6.3% |
| MKLYR McKinley Acquisition Corp. | RIGHT 07/25/2030 | 1,000,000 | $110K | No change |
| LKSPR Lake Superior Acquisition Co. | RIGHT 09/19/2030 | 58,835 | $109K | New |
| CRACR Crown Reserve Acquisitio-RTS | RIGHT 10/06/2030 | 600,000 | $108K | New |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 400,000 | $108K | No change |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 576,739 | $107K | Add +5.8% |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 · principal | 525,648 | $105K | Reduce -42.0% |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 400,549 | $96K | Add +0.1% |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 · principal | 299,600 | $96K | Reduce -32.5% |
| INACR Indigo Acquisition Corp. | RIGHT 04/02/2027 | 580,860 | $92K | Add +22.3% |
| HSPTR Horizon Space Acquisition II | RIGHT 03/30/2026 | 563,884 | $90K | Add +6.5% |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 · principal | 191,991 | $87K | Reduce -20.0% |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 659,799 | $86K | Add +0.6% |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 · principal | 494,830 | $84K | Reduce -15.0% |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 · principal | 387,628 | $83K | Reduce -5.4% |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 · principal | 181,272 | $82K | Reduce -52.8% |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 451,449 | $81K | Reduce -1.1% |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 · principal | 311,191 | $81K | Reduce -37.4% |
| QSEAR Quartzsea Acquisition Corp. | RIGHT 02/18/2030 | 400,000 | $80K | No change |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 312,328 | $78K | Add +24.4% |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 · principal | 207,508 | $77K | No change |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 364,673 | $76K | Reduce -24.1% |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 · principal | 2,885,542 | $76K | Reduce -2.6% |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 359,794 | $76K | No change |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 387,486 | $74K | Add +15.9% |
| GRMLW Anew Medical Inc. | *W EXP 06/21/202 · principal | 720,744 | $70K | Reduce -12.3% |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 526,411 | $69K | Add +18.5% |
| GTERW Globa Terra Acquisition - 30 | *W EXP 06/17/203 · principal | 543,457 | $68K | Reduce -42.1% |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 384,355 | $67K | Add +83.3% |
| SCAGW Scage Future -30 | *W EXP 05/15/203 · principal | 976,051 | $63K | Reduce -0.2% |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 449,500 | $63K | Reduce -0.1% |
| BCARW D Boral Arc Acquisition - 30 | *W EXP 07/23/203 · principal | 170,807 | $62K | Reduce -40.6% |
| DYORW Insight Digital Partners II | *W EXP 10/28/203 · principal | 186,087 | $61K | New |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 · principal | 4,613,706 | $61K | Reduce -0.9% |
| PERFF Perfect Corp. | *W EXP 10/28/202 · principal | 2,026,005 | $61K | Reduce -0.2% |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 · principal | 234,248 | $60K | Reduce -29.8% |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 200,000 | $60K | No change |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 260,069 | $60K | Reduce -42.2% |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 · principal | 130,971 | $59K | Reduce -47.4% |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 · principal | 186,192 | $59K | Reduce -29.0% |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 · principal | 148,244 | $57K | New |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 · principal | 149,856 | $55K | New |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 · principal | 364,389 | $55K | No change |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 · principal | 366,859 | $55K | Reduce -38.0% |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 · principal | 130,958 | $54K | New |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 · principal | 234,159 | $53K | No change |
| VFSWW Vinfast Auto Ltd.-28 | *W EXP 08/11/202 · principal | 264,782 | $52K | Reduce -35.0% |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 · principal | 89,542 | $52K | Reduce -10.5% |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 147,365 | $52K | Reduce -50.5% |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | 429,699 | $52K | Add +17.7% |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 · principal | 589,681 | $51K | Reduce -7.2% |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 197,115 | $49K | No change |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 · principal | 680,354 | $48K | Add +7.2% |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 · principal | 867,055 | $44K | Add +0.7% |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 632,289 | $44K | Add +2.7% |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 · principal | 197,257 | $43K | Reduce -33.0% |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | 259,076 | $41K | Reduce -1.4% |
| YCY.WS Aa Mission Acquisition -31 | *W EXP 07/23/203 · principal | 200,000 | $40K | New |
| MMTXW Miluna Acquisition Corp. | *W EXP 09/29/203 · principal | 300,000 | $39K | New |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | 219,480 | $36K | New |
| NAMMW Namib Minerals | *W EXP 06/05/203 · principal | 493,585 | $35K | Reduce -29.1% |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 · principal | 98,503 | $34K | Reduce -21.2% |
| ORIQW Origin Investment Corp. I -30 | *W EXP 06/27/203 · principal | 179,322 | $34K | Reduce -10.3% |
| OSRHW Bellevue Life Sciences-WRNT | *W EXP 02/09/202 · principal | 736,858 | $33K | Reduce -4.9% |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 · principal | 117,844 | $32K | Reduce -19.7% |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 · principal | 388,671 | $32K | Reduce -74.8% |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 · principal | 2,355,872 | $31K | Reduce -0.0% |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | 200,000 | $30K | Reduce -9.1% |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 · principal | 212,999 | $30K | No change |
| BSAAR Best Spac I Acquisition - RT | RIGHT 05/27/2030 | 186,925 | $28K | Add +24.9% |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 · principal | 72,785 | $27K | Reduce -71.8% |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 112,000 | $27K | No change |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 · principal | 2,177,084 | $26K | Reduce -4.5% |
| FOXXW 1OXX | *W EXP 09/26/202 · principal | 190,227 | $23K | Reduce -59.7% |
| CRACW Crown Reserve Acquisition Co. | *W EXP 10/06/203 · principal | 244,468 | $21K | New |
| IGACR Invest Green Acquisition-RTS | RIGHT 11/17/2030 | 97,793 | $19K | New |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 108,056 | $17K | Add +0.1% |
| GIBOW Gibo Holdings Ltd.-30 | *W EXP 05/08/203 · principal | 669,680 | $15K | Reduce -0.0% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 · principal | 4,820 | $15K | New |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 · principal | 140,447 | $13K | Reduce -6.7% |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 · principal | 43,612 | $12K | New |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 · principal | 137,407 | $11K | Reduce -16.1% |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 · principal | 290,215 | $11K | Reduce -15.9% |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 · principal | 214,141 | $10K | Reduce -42.8% |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 · principal | 525,333 | $9K | Reduce -5.1% |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 · principal | 97,204 | $8K | Reduce -20.5% |
| BED BATH & BEYOND INC | *W EXP 10/07/202 · principal | 10,157 | $7K | New |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 · principal | 10,109 | $6K | No change |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 · principal | 158,468 | $6K | Add +9.7% |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 · principal | 158,605 | $5K | Reduce -63.1% |
| NSTR.WS Viking Acquisition Corp. I | *W EXP 11/03/203 · principal | 8,333 | $4K | New |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 · principal | 1,891 | $2K | Reduce -94.7% |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 · principal | 108,307 | $975 | Reduce -94.7% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 · principal | 1,849 | $880 | Reduce -99.3% |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 875 | $210 | Reduce -12.5% |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 1,003 | $140 | Reduce -96.0% |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 · principal | 100 | $48 | No change |
| DISTOKEN ACQUISITION CORP | *W EXP 11/08/203 · principal | 355,974 | $35 | No change |
Total filed on the 13F, all lines: $2.2B.
Portfolio Sells Q3 2025 → Q4 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −14.83 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −7.64 |
| TXNM TXNM Energy Inc. | Sold out | 0.00% | −5.26 |
| K Kellanova | Sold out | 0.00% | −3.32 |
| FWONA Liberty Media Corp. Class A | Reduce -30.0% | 1.61% | −2.82 |
| INFQ Infleqtion Inc. | Reduce -76.6% | 0.40% | −2.15 |
| MLNK Meridianlink Inc. | Sold out | 0.00% | −1.89 |
| GLIBK Liberty Capital Corp. Class C | Reduce -34.8% | 1.01% | −1.79 |
| MKLYU McKinley Acquisition Corp. | Sold out | 0.00% | −1.43 |
| CNNE Cannae Holdings Inc. | Sold out | 0.00% | −1.16 |
| GSRT GSR III Acquisition Corp. | Sold out | 0.00% | −1.11 |
| NBR Nabors Industries Ltd. | Reduce -16.0% | 1.78% | −1.10 |
| PPLI People Inc. | Reduce -13.8% | 1.29% | −1.07 |
| CENTA Central Garden and Pet Co. Class A | Reduce -1.0% | 1.07% | −0.90 |
| QUMS Quantumsphere Acquisition Co. | Sold out | 0.00% | −0.86 |
| MRUS Merus NV | Sold out | 0.00% | −0.79 |
| CVLT Commvault Systems Inc. | Sold out | 0.00% | −0.78 |
| HVMCU Highview Merger Corp. | Sold out | 0.00% | −0.74 |
| STHO Star Holdings | Reduce -0.2% | 0.78% | −0.63 |
| FCRS.U Futurecrest Acquisition Corp. | Sold out | 0.00% | −0.61 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.51 |
| COHU Cohu Inc. | Sold out | 0.00% | −0.50 |
| JBS JBS NV-A | Reduce -71.8% | 0.09% | −0.49 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.44 |
| BDCI BTC Development Corp. Class A | Reduce -25.0% | 0.24% | −0.34 |
| AEXA American Exceptionalism Class A | Reduce -44.9% | 0.11% | −0.23 |
| KW Kennedy-Wilson Holdings Inc. | Sold out | 0.00% | −0.22 |
| PI Impinj Inc. | Sold out | 0.00% | −0.21 |
| OSCR Oscar Health Inc. Class A | Sold out | 0.00% | −0.19 |
| OKUR Onkure Therapeutics Inc. Class A | Reduce -16.6% | 0.12% | −0.13 |
| IRWD Ironwood Pharmaceuticals Inc. | Sold out | 0.00% | −0.10 |
| ESPR Esperion Therapeutics Inc. | Sold out | 0.00% | −0.10 |
| OTGAU Otg Acquisition Corp. I | Sold out | 0.00% | −0.08 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −0.07 |
| NTWOU Newbury Street II Acquisitio | Sold out | 0.00% | −0.04 |
| BLZRU Trailblazer Acquisition Corp. | Sold out | 0.00% | −0.04 |
| DMIIU Drugs Made in America Acquis | Sold out | 0.00% | −0.04 |
| FIGXU Figx Capital Acquisition Cor | Sold out | 0.00% | −0.03 |
| HOUS Anywhere Real Estate Inc. | Sold out | 0.00% | −0.02 |
| SBXUF Silverbox Corp. IV | Sold out | 0.00% | −0.00 |
| GSRFU GSR IV Acquisition Corp. | Sold out | 0.00% | −0.00 |
| CHECU Chenghe Acquisition III Co. | Sold out | 0.00% | −0.00 |
| SHMD Schmid Group NV | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| EA Electronic Arts Inc. | Add +10479.0% | 8.57% | +8.43 |
| ELME Elme Communities | New | 7.78% | +7.78 |
| NGD New Gold Inc. | New | 4.31% | +4.31 |
| EXAS Exact Sciences Corp. | New | 3.87% | +3.87 |
| HOLX Hologic Inc. | New | 3.61% | +3.61 |
| AVDL Avadel Pharmaceuticals Ltd. | New | 3.50% | +3.50 |
| CYBR Cyberark Software Ltd./Israel | Add +375.9% | 5.85% | +3.44 |
| RNAM Avidity Biosciences Inc. | New | 3.35% | +3.35 |
| NVRI Enviri Corp. | New | 2.13% | +2.13 |
| CDTX Cidara Therapeutics Inc. | New | 1.98% | +1.98 |
| MRLN Merlin Inc. | New | 1.71% | +1.71 |
| FAC Factorial Energy Inc. | New | 1.63% | +1.63 |
| KVUE Kenvue Inc. | New | 1.61% | +1.61 |
| HDRN Hadron Energy Inc. | New | 1.57% | +1.57 |
| BHF Brighthouse Financial Inc. | New | 1.41% | +1.41 |
| ONEN One Nuclear Energy Inc. | New | 1.23% | +1.23 |
| CEPT Cantor Equity Partners Class A | New | 1.18% | +1.18 |
| VCIC Vine Hill Capital Class A | New | 1.17% | +1.17 |
| IWM iShares Russell 2000 ETF | New | 1.00% | +1.00 |
| CRANU Crane Harbor Acquisition Cor | New | 0.96% | +0.96 |
| ENHA Enhanced Group Inc. | New | 0.70% | +0.70 |
| CHAC Crane Harbor Acqu Corp. Class A | New | 0.68% | +0.68 |
| SRPT Sarepta Therapeutics Inc. | New | 0.68% | +0.68 |
| CAEP Cantor Equity Partners III-A | New | 0.57% | +0.57 |
| ZTS Zoetis Inc. | New | 0.56% | +0.56 |
| VHCPU Vine Hill Capital Investment | New | 0.52% | +0.52 |
| CEPV Cantor Equity Partners Class A | New | 0.49% | +0.49 |
| JAMF Jamf Holding Corp. | New | 0.44% | +0.44 |
| LEGT Legato Merger Corp. III | New | 0.38% | +0.38 |
| TWLVU Twelve Seas Investment Co. II | New | 0.37% | +0.37 |
| LPCVU Launchpad Cadenza Acquisitio | New | 0.36% | +0.36 |
| SBET Sharplink Inc. | Add +5947.5% | 0.36% | +0.34 |
| CHKP Check Point Software Tech | New | 0.34% | +0.34 |
| WLAC Willow Lane Acquisition Class A | New | 0.32% | +0.32 |
| CFLT Confluent Inc. Class A | New | 0.30% | +0.30 |
| NSC Norfolk Southern Corp. | Add +728.0% | 0.38% | +0.29 |
| HCACU Hall Chadwick Acquisition Co. | New | 0.28% | +0.28 |
| ITHAU Ithax Acquisition Corp. III | New | 0.28% | +0.28 |
| SCIIU SC II Acquisition Corp. | New | 0.26% | +0.26 |
| BPACU Blueport Acquisition Ltd. | New | 0.20% | +0.20 |
| BEBE.U Tge Value Creative Solutions | New | 0.20% | +0.20 |
| MESHU Meshflow Acquisition Corp. | New | 0.19% | +0.19 |
| SVAQU Silicon Valley Acquisition C | New | 0.16% | +0.16 |
| CEPF Cantor Equity Partners Class A | New | 0.13% | +0.13 |
| WHR Whirlpool Corp. | New | 0.13% | +0.13 |
| IMSR Terrestrial Energy Inc. | New | 0.12% | +0.12 |
| DK Delek US Holdings Inc. | New | 0.09% | +0.09 |
| FG MERGER II CORP | Add +119.9% | 0.45% | +0.08 |
| TMUS T-Mobile US Inc. | New | 0.08% | +0.08 |
| SCPQU Social Commerce Partners Cor | New | 0.08% | +0.08 |
Options Activity Q3 2025 → Q4 2025
| ISHARES TR | put | New | 1,500,000 | $369.2M |
| ISHARES TR | put | Add +300.0% | 4,000,000 | $322.5M |
| SPDR GOLD TR | put | New | 500,000 | $198.2M |
| INVESCO QQQ TR | put | Sold out | 250,000 | $150.1Mbefore exit |
| AMAZON COM INC | call | New | 200,000 | $46.2M |
| GAMESTOP CORP | put | Sold out | 1,500,000 | $40.9Mbefore exit |
| ARK ETF TR | put | Sold out | 400,000 | $34.5Mbefore exit |
| NIO INC | put | Add +133.2% | 3,526,600 | $18.0M |
| KIMBERLY-CLARK CORP | call | New | 152,400 | $15.4M |
| WOLFSPEED INC | put | Sold out | 64,557 | $1.8Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -17.9% | 115,000,000 | $119.5M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -28.6% | 50,000,000 | $77.7M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Sold out | 50,000,000 | $62.8Mbefore exit |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Add +20.3% | 48,735,000 | $53.4M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +54.9% | 57,306,000 | $51.7M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +17.5% | 47,000,000 | $45.6M |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | Add +57.3% | 46,942,000 | $44.7M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +4.8% | 43,553,000 | $43.8M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 35,083,000 | $42.8Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -6.3% | 37,500,000 | $42.7M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Sold out | 42,000,000 | $41.6Mbefore exit |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | Add +97.6% | 36,995,000 | $36.3M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Sold out | 27,500,000 | $35.1Mbefore exit |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | New | 25,000,000 | $34.1M |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | New | 25,892,000 | $32.8M |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | New | 31,813,000 | $31.5M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Sold out | 27,904,000 | $31.0Mbefore exit |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | New | 26,000,000 | $30.4M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Sold out | 25,000,000 | $29.9Mbefore exit |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -31.6% | 29,234,000 | $29.0M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +1200.0% | 32,500,000 | $29.0M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Sold out | 27,173,000 | $28.8Mbefore exit |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Reduce -35.9% | 28,559,000 | $28.5M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +7.5% | 28,668,000 | $28.3M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 24,000,000 | $27.1Mbefore exit |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | Sold out | 32,000,000 | $26.6Mbefore exit |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | Add +228.4% | 25,882,000 | $26.2M |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Sold out | 25,500,000 | $24.4Mbefore exit |
| REDFIN CORP (RDFN 0 10/15/25) | NOTE 10/1 · principal | Sold out | 19,000,000 | $18.9Mbefore exit |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Sold out | 21,220,000 | $18.4Mbefore exit |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | Sold out | 17,500,000 | $18.2Mbefore exit |
| KARYOPHARM THERAPEUTICS (KPTI 6 05/13/29 *) | NOTE 6.000% 5/1 · principal | Sold out | 23,625,000 | $17.7Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Sold out | 15,000,000 | $15.2Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 14,250,000 | $14.6Mbefore exit |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Sold out | 15,050,000 | $14.3Mbefore exit |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 9,253,000 | $13.0Mbefore exit |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Sold out | 100,000 | $10.1Mbefore exit |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Sold out | 10,000,000 | $9.9Mbefore exit |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | New | 5,990,000 | $9.2M |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | Sold out | 7,672,000 | $9.2Mbefore exit |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | New | 9,000,000 | $7.7M |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | New | 7,103,000 | $6.2M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Sold out | 5,000,000 | $5.2Mbefore exit |
| GREEN PLAINS INC | DEBT 5.250%11/0 · principal | New | 4,504,000 | $4.7M |
| LUMINAR TECHNOLOGIES INC (LAZR 9 01/15/30) | DEBT 9.000% 1/1 · principal | Sold out | 9,700,000 | $4.6Mbefore exit |
| GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) | NOTE 5.250%11/0 · principal | New | 4,048,000 | $4.2M |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 · principal | Add +39.5% | 1,333,071 | $3.6M |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | Sold out | 3,750,000 | $3.2Mbefore exit |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | Sold out | 10,000 | $2.7Mbefore exit |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | Add +25.3% | 582,785 | $2.6M |
Showing the first 50 of 240.
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 |