K2 Principal Fund, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), K2 Principal Fund, L.P. reported 97 stock positions worth $176.1 million. Its top holding was SPDR Gold Shares (GLD) at 10.7% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 6.0%) and One Nuclear Energy (ONEN, 5.9%). Compared with Q4 2024, it opened 38 new positions, sold out of 36, added to 22 and reduced 27. The biggest buy was SPDR Gold Shares (GLD, shares +485%) and the biggest sale an exit from iShares Gold Trust (IAU).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001461790
- Portfolio Value
- $176.1M (Q1 2025)
- SEC Filing
- 0001461790-25-000039 ↗ filed May 15, 2025
Holdings Value
Holdings 97 stocks · $176.1M
| GLD SPDR Gold Shares | 10.67% | 65,246 | $18.8M | Add +485.4% |
| IBIT iShares Bitcoin Trust ETF | 5.98% | 225,000 | $10.5M | Reduce -16.7% |
| ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII | 5.89% | 1,049,683 | $10.4M | New |
| SPRY Ars Pharmaceuticals Inc. | 3.47% | 485,355 | $6.1M | New |
| SEI Solaris Energy Infrastructur | 3.35% | 271,039 | $5.9M | Reduce -12.1% |
| HES Hess Corp. | 3.34% | 36,782 | $5.9M | Reduce -6.6% |
| TLN Talen Energy Corp. | 3.20% | 28,207 | $5.6M | Reduce -5.9% |
| FSLR First Solar Inc. | 3.17% | 44,104 | $5.6M | Add +341.0% |
| NLOP Net Lease Office Property | 2.49% | 140,000 | $4.4M | Add +4.3% |
| WLAC Willow Lane Acquisition Class A | 2.32% | 407,894 | $4.1M | Reduce -56.3% |
| CCIR Cohen Circle Acquisitio Class A | 2.12% | 333,306 | $3.7M | Reduce -40.7% |
| CEPO Cantor Equity Partners I-A | 2.10% | 361,517 | $3.7M | New |
| RAC.U Rithm Acquisition Corp. | 2.01% | 350,000 | $3.5M | New |
| SVCC Stellar V Capital Corp. Class A | 1.93% | 339,920 | $3.4M | New |
| BEAG Bold Eagle Acquisition Cor-A | 1.90% | 330,416 | $3.4M | Reduce -36.6% |
| NETD Nabors Energy Transition C-A | 1.87% | 300,000 | $3.3M | New |
| ATIIU Archimedes Tech Spac Partner | 1.83% | 319,790 | $3.2M | New |
| SRG Seritage Growth Prop- A | 1.82% | 991,196 | $3.2M | Reduce -0.9% |
| SLV iShares Silver Trust | 1.81% | 102,700 | $3.2M | New |
| NHICU Newhold Investment Corp. III | 1.78% | 311,335 | $3.1M | New |
| PDS Precision Drilling Corp. | 1.63% | 61,446 | $2.9M | Add +64.1% |
| AMZN Amazon.com Inc. | 1.55% | 14,372 | $2.7M | Add +7.9% |
| FYBR Frontier Communications Pare | 1.45% | 71,074 | $2.5M | No change |
| LOKVU Live Oak Acquisition Corp. V | 1.43% | 250,000 | $2.5M | New |
| UBER Uber Technologies Inc. | 1.42% | 34,430 | $2.5M | New |
| WDC Western Digital Corp. | 1.36% | 59,279 | $2.4M | New |
| SKGR SK Growth Opportunities Co. Class A | 1.20% | 172,857 | $2.1M | Reduce -6.3% |
| OACC Oaktree Acquisition Corp. I-A | 1.13% | 195,292 | $2.0M | No change |
| PLMK Plum Acquisition Corp. IV | 1.12% | 195,699 | $2.0M | Add +0.7% |
| FNV Franco-Nevada Corp. | 1.07% | 12,000 | $1.9M | New |
| FTW Eqv Ventures Acquisition C-A | 1.00% | 174,421 | $1.8M | No change |
| PPTA Perpetua Resources Corp. | 0.87% | 142,901 | $1.5M | Reduce -15.9% |
| FACT Fact II Acquisition Corp. | 0.85% | 149,498 | $1.5M | Reduce -41.9% |
| COLOMBIER ACQUISITION CORP | 0.83% | 137,945 | $1.5M | Add +70.8% |
| JACS Jackson Acquisition Co. Class A | 0.78% | 136,000 | $1.4M | No change |
| VRN Veren Inc. | 0.74% | 137,500 | $1.3M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.70% | 12,429 | $1.2M | Reduce -41.5% |
| AGS Playags Inc. | 0.69% | 99,918 | $1.2M | No change |
| TFII Tfi International Inc. | 0.68% | 15,393 | $1.2M | Add +47.3% |
| PTON Peloton Interactive Inc. Class A | 0.66% | 184,809 | $1.2M | Add +238.9% |
| BBOT Bridgebio Oncology Therapeut filed as HELIX ACQUISITION CORP II | 0.64% | 100,000 | $1.1M | New |
| AACBU Artius II Acquisition Inc. | 0.64% | 112,006 | $1.1M | New |
| BBU Brookfield Business PT-Unit | 0.64% | 47,851 | $1.1M | Reduce -8.7% |
| DRDB Roman DBDR Acquisition Corp. | 0.61% | 107,090 | $1.1M | Reduce -73.7% |
| MRK Merck & Co. Inc. | 0.60% | 11,784 | $1.1M | Reduce -9.6% |
| KEYS Keysight Technologies Inc. | 0.57% | 6,755 | $1.0M | Reduce -3.5% |
| MLAC Mountain Lake Acquisition-A | 0.57% | 100,000 | $1.0M | Reduce -86.7% |
| GSHRU Gesher Acquisition Corp. II | 0.56% | 99,180 | $995K | New |
| SOC Sable Offshore Corp. | 0.56% | 38,590 | $979K | Add +44.9% |
| NXPI NXP Semiconductors NV | 0.55% | 5,120 | $973K | Add +27.4% |
| PKST Peakstone Realty Trust | 0.48% | 67,509 | $851K | Add +74.0% |
| CEP Cantor Equity Partners Inc. | 0.48% | 78,449 | $843K | New |
| TGLS Tecnoglass Holdings Inc. | 0.46% | 11,394 | $815K | Reduce -36.8% |
| CCIX Churchill Capital Corp. Ix | 0.45% | 73,100 | $789K | No change |
| CIEN Ciena Corp. | 0.45% | 13,013 | $786K | Reduce -38.7% |
| PAR Par Technology Corp. | 0.44% | 12,648 | $776K | Reduce -82.3% |
| XPOF Xponential Fitness Inc. Class A | 0.43% | 90,000 | $750K | New |
| AVGO Broadcom Inc. | 0.39% | 4,072 | $682K | Reduce -23.2% |
| NVDA Nvidia Corp. | 0.37% | 6,000 | $650K | New |
| GFR Greenfire Resources Ltd. | 0.34% | 102,600 | $602K | New |
| RMBS Rambus Inc. | 0.34% | 11,520 | $597K | New |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 0.34% | 8,000 | $591K | New |
| CERT Certara Inc. | 0.33% | 58,951 | $584K | New |
| NBIS Nebius Group NV | 0.31% | 26,065 | $550K | Reduce -13.1% |
| ALDF Aldel Financial II Inc. | 0.28% | 49,297 | $498K | No change |
| CEVA Ceva Inc. | 0.28% | 18,952 | $485K | New |
| VBNK Versabank | 0.25% | 41,982 | $435K | Add +103.3% |
| KGC Kinross Gold Corp. | 0.24% | 33,000 | $416K | New |
| DYNC Dynamix Corp. | 0.23% | 40,992 | $408K | Reduce -95.3% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.18% | 20,830 | $310K | Add +28.0% |
| FACTU Fact II Acquisition Corp. | 0.17% | 30,000 | $301K | No change |
| ADX Adams Diversified Equity | 0.17% | 15,826 | $301K | Add +2.3% |
| BDJ BlackRock Enhanced Eqty DVD | 0.16% | 32,984 | $284K | Add +17.9% |
| W Wayfair Inc. Class A | 0.16% | 8,832 | $283K | New |
| ASGI Abrdn Global Infrastructure | 0.16% | 15,000 | $276K | Add +50.0% |
| RVT Royce Small-Cap Trust Inc. | 0.15% | 19,108 | $272K | Add +2.1% |
| PTA Cohen & Steers Tax-Advantage | 0.13% | 11,967 | $233K | New |
| DMYY DMY Squared Technology GR-A | 0.13% | 20,000 | $223K | Reduce -60.0% |
| BTX BlackRock Tech & Priv Eqty | 0.12% | 35,000 | $219K | New |
| ECF Ellsworth Growth and Income | 0.12% | 23,785 | $216K | Add +56.5% |
| CII BlackRock Enhan LRG Cap Core | 0.12% | 11,336 | $209K | Reduce -24.6% |
| ARES ACQUISITION CORP II | 0.12% | 18,722 | $209K | Reduce -62.6% |
| SABA Saba Capital Income & Opp II | 0.11% | 23,000 | $200K | No change |
| QBTS D-Wave Quantum Inc. | 0.10% | 24,000 | $182K | New |
| SPE Special Opportunities Fund | 0.10% | 11,878 | $178K | Add +18.8% |
| ITOS Iteos Therapeutics Inc. | 0.10% | 29,178 | $174K | New |
| XPL Solitario Resources Corp. | 0.10% | 284,791 | $171K | Reduce -18.4% |
| DMA Destra Multi-Alternative | 0.09% | 19,702 | $167K | Add +37.5% |
| RGTI Rigetti Computing Inc. | 0.09% | 20,000 | $158K | New |
| LEGT Legato Merger Corp. III | 0.08% | 13,798 | $145K | New |
| XTEAX Tortoise Sust&social Imp Ter | 0.07% | 11,119 | $126K | New |
| NPWR Net Power Inc. | 0.06% | 43,125 | $113K | Add +19.7% |
| PCF High Income Securities Fund | 0.06% | 16,717 | $111K | New |
| HPAI Helport AI Ltd. | 0.05% | 29,152 | $86K | No change |
| OXFORD LANE CAP CORP | 0.03% | 10,000 | $47K | New |
| XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER BERMAN REAL ESTATE | 0.02% | 10,400 | $34K | New |
| GETY Getty Images Holdings Inc. | 0.01% | 13,789 | $24K | New |
Options reported separately and not counted above: GLD calls ($20.2M), GOOG calls ($14.4M), GLD puts ($9.4M), VOO puts ($7.7M), VOO calls ($6.4M), ARKK puts ($5.2M), IONQ puts ($4.4M), TLN puts ($4.0M), IJR puts ($3.1M), OMC puts ($3.1M), IBIT calls ($2.8M), FNV calls ($2.8M), and 50 more.
Other holdings (158): bonds, preferreds, convertibles and warrants · $71.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 11,000 | $14.7M | Reduce -8.3% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 13,859 | $13.7M | Reduce -12.6% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 10,000 | $9.2M | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 9,321 | $9.1M | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 5,000 | $5.2M | New |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 5,000 | $5.0M | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 4,000 | $4.1M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 3,000 | $2.8M | No change |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 172,890 | $761K | Add +82.2% |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | 42,943 | $477K | Reduce -45.9% |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 690,879 | $380K | Reduce -0.3% |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | 539,612 | $351K | Reduce -5.2% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 390,183 | $289K | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 227,177 | $279K | Add +45.4% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 382,768 | $264K | Reduce -0.5% |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 988,295 | $247K | Reduce -0.0% |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | 135,397 | $244K | Reduce -31.5% |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 75,018 | $231K | New |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 1,086,568 | $217K | New |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 530,857 | $191K | Reduce -2.2% |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 629,642 | $183K | Reduce -24.2% |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | 199,060 | $159K | Add +40.6% |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 377,383 | $151K | Add +27.9% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 81,780 | $142K | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 572,194 | $132K | Add +5.0% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 39,668 | $120K | Reduce -90.5% |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 521,356 | $120K | Reduce -1.1% |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 372,500 | $108K | Reduce -21.6% |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 350,354 | $105K | New |
| STRATA CRITICAL MEDICAL INC | *W EXP 05/07/202 | 477,069 | $105K | Add +31.3% |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 490,776 | $98K | Reduce -50.9% |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 298,680 | $90K | Reduce -0.4% |
| USA RARE EARTH INC | *W EXP 03/13/203 | 130,125 | $87K | New |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 381,754 | $80K | Reduce -10.6% |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 1,277,536 | $77K | Reduce -1.4% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 258,953 | $75K | Reduce -54.9% |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 529,029 | $74K | Add +16.5% |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 367,983 | $74K | Add +43.6% |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 438,716 | $66K | Reduce -15.6% |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 366,749 | $59K | Reduce -51.0% |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 266,570 | $59K | No change |
| BSIIW Black Spade Acquisition -30 | *W EXP 02/15/202 | 262,382 | $58K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 300,000 | $54K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 406,721 | $53K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 276,675 | $50K | Reduce -26.6% |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 413,314 | $50K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 348,041 | $49K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 308,153 | $46K | Add +4.3% |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 457,063 | $46K | New |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 293,200 | $44K | Reduce -43.8% |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 295,689 | $41K | New |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 18,799 | $41K | New |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 193,134 | $41K | No change |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 190,000 | $36K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 299,909 | $36K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 169,960 | $36K | New |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 264,020 | $34K | Reduce -0.8% |
| SEATW Vivid Seats Inc. -CW26 | *W EXP 10/18/202 | 162,704 | $34K | Add +47.3% |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 103,595 | $33K | Reduce -49.1% |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 169,985 | $32K | New |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 140,174 | $32K | Reduce -1.1% |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 136,000 | $31K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 39,058 | $29K | No change |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 261,500 | $26K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 150,000 | $24K | New |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 111,237 | $20K | No change |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 500,340 | $20K | Reduce -0.1% |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 228,890 | $18K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 59,840 | $18K | Add +9.0% |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 99,000 | $16K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 15,679 | $15K | No change |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 9,000 | $14K | No change |
| OPENDOOR TECHNOLOGIES IN | 0.250 08/15/26 CVT · principal | 15,429 | $14K | Reduce -11.5% |
| VIRGIN GALATIC HOLDINGS | 2.500 02/01/27 CVT · principal | 33,000 | $14K | Add +15.8% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 14,000 | $13K | Add +21.7% |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 183,091 | $13K | No change |
| AIR CANADA | 4.00 7/1/2025 · principal | 13,230 | $13K | Add +1.1% |
| KAR AUCTION | 5.125 6/1/2025 · principal | 12,487 | $12K | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 233,305 | $12K | Add +30.4% |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 37,091 | $11K | Add +24.4% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 8,500 | $10K | No change |
| STRATHCONA RESOU | 6.875 01/08/2026 · principal | 10,000 | $10K | Add +25.0% |
| MICROSTRATEGY | 0 01/12/2029 · principal | 12,000 | $10K | No change |
| XPLR INFRASTRUCTURE LP | 2.500 06/15/26 CVT · principal | 10,000 | $10K | New |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 10,000 | $9K | No change |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 10,000 | $9K | No change |
| MARA Holdings Inc | CONV · principal | 12,500 | $9K | No change |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | 300,000 | $9K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 150,000 | $9K | No change |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 9,500 | $9K | No change |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | 9,082 | $9K | No change |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 7,000 | $9K | New |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 9,249 | $9K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 125,000 | $9K | No change |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 92,627 | $8K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 100,000 | $8K | No change |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | 10,000 | $8K | Add +11.1% |
| ACCOLADE INC (ACCD 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 8,000 | $8K | New |
| CEC ENTERTAIN | 6.75 01/05/2026 · principal | 7,961 | $8K | New |
| BOWNR Bowen Acquisition Corp.-RTS | RIGHT 99/99/9999 | 29,596 | $8K | No change |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 7,344 | $8K | No change |
| GREENFIRE RESOUR | 12.00 01/10/2028 · principal | 7,000 | $7K | New |
| H&E EQUIPMENT SERVICES (HEES 3.875 12/15/28 144A) | 3.875 15/12/2028 · principal | 7,230 | $7K | New |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | 7,100 | $7K | No change |
| AST SPACEMOBILE | 4.25 01/03/2032 · principal | 6,000 | $7K | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 6,000 | $7K | No change |
| GETTY IMAGES INC | 9.75 01/03/2027 · principal | 7,000 | $7K | New |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 5,750 | $7K | No change |
| MUVICO LLC | 8.000 04/30/30 CVT · principal | 7,158 | $7K | Add +38.8% |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 224,607 | $7K | No change |
| COIN 0.250 04/01/30 CVT | 0.25 01/04/2030 · principal | 7,000 | $7K | Add +75.0% |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 · principal | 8,000 | $6K | New |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 6,309 | $6K | No change |
| CORE SCIENTIFIC INC NEW | 06/15/31 CVT PUT · principal | 7,500 | $6K | New |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 6,000 | $6K | New |
| WISDOMTREE INC | 3.25 15/08/2029 · principal | 6,000 | $6K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 32,657 | $6K | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 6,000 | $6K | No change |
| MODIVCARE | 5.00 01/10/2029 · principal | 2,000 | $5K | No change |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 5,000 | $5K | New |
| CHEB.WS Chenghe Acquisition II - 29 | *W EXP 05/30/203 | 105,037 | $5K | No change |
| IRIS ENERGY LTD | 3.25 15/06/2030 · principal | 7,000 | $5K | Add +133.3% |
| TERAWULF INC | 2.75 01/02/2030 · principal | 6,500 | $5K | No change |
| GALAXY DIGITAL HOLDIN LP | 2.500 12/01/29 CVT · principal | 5,500 | $4K | Add +450.0% |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 3,500 | $4K | No change |
| GOPRO INC (GPRO 1.25 11/15/25) | NOTE 1.250%11/1 · principal | 5,000 | $4K | No change |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | 5,095 | $4K | No change |
| MARATHON DIGITAL | 2.125 01/09/2031 · principal | 5,000 | $4K | No change |
| LIB TRIP ADV HOL | 0.50 30/06/2051 · principal | 4,000 | $4K | No change |
| SPIRIT LOYALTY | 11.00 06/03/2030 · principal | 4,197 | $4K | New |
| MICROSTRATEGY | 0 01/03/2030 · principal | 4,000 | $4K | New |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 4,000 | $4K | No change |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | 4,000 | $4K | New |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 50,000 | $4K | No change |
| I-80 GOLD CORP | 8.00 22-FEB-27 PIK · principal | 4,000 | $3K | No change |
| CORZ 3 09/01/29 | FIXED INCOME · principal | 3,000 | $3K | New |
| B2GOLD CORP | 2.75 01/02/2030 · principal | 2,500 | $3K | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 2,888 | $3K | No change |
| BITDEER TECHNOLOGIES GRP | 5.250 12/01/29 CVT PUT · principal | 3,000 | $3K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 12,500 | $3K | No change |
| XPLR INFRASTRUCTURE LP (XIFR 0 11/15/25) | 0 15/11/2025 · principal | 2,500 | $2K | New |
| BEACON ROOFING S | 4.125 15/05/2029 · principal | 2,300 | $2K | New |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 55,548 | $2K | No change |
| PITWF Heramba Electric PLC-28 | *W EXP 07/26/202 | 214,336 | $2K | No change |
| GALAXY DIGITAL HOLDIN LP | 3.000 12/15/26 CVT · principal | 2,000 | $2K | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,000 | $2K | New |
| MKS INSTRUMENTS | 1.25 01/06/2030 · principal | 2,000 | $2K | New |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 2,000 | $2K | No change |
| RIOT 3/4 01/15/30 | 0.75 15/01/2030 · principal | 2,000 | $2K | New |
| MARA HOLDINGS | 0 01/06/2031 · principal | 2,000 | $1K | New |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 | 141,606 | $1K | No change |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 2,000 | $1K | New |
| BEACON ROOFING SUPPLY IN (BECN 6.5 08/01/30 144A) | 6.50 01/08/2030 · principal | 1,000 | $1K | New |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 1,000 | $997 | No change |
| MA-COM TECH | 0 15/12/2029 · principal | 1,000 | $904 | New |
| CANNABIST CO | 6.00 29/06/2025 · principal | 1,000 | $750 | No change |
| CANNABIST CO | 6.00 29/06/2025 · principal | 1,000 | $750 | No change |
| PAR TECH CORP | 1.00 15/01/2030 · principal | 500 | $474 | New |
Total filed on the 13F, all lines: $247.5M.
Portfolio Sells Q4 2024 → Q1 2025
| IAU iShares Gold Trust | Sold out | 0.00% | −6.11 |
| DYNC Dynamix Corp. | Reduce -95.3% | 0.23% | −3.97 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −3.95 |
| TDACU Translational Development Ac | Sold out | 0.00% | −3.34 |
| MLAC Mountain Lake Acquisition-A | Reduce -86.7% | 0.57% | −3.14 |
| VFC VF Corp. | Sold out | 0.00% | −3.07 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −2.86 |
| WLAC Willow Lane Acquisition Class A | Reduce -56.3% | 2.32% | −2.24 |
| PAR Par Technology Corp. | Reduce -82.3% | 0.44% | −2.12 |
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −2.03 |
| DRDB Roman DBDR Acquisition Corp. | Reduce -73.7% | 0.61% | −1.39 |
| BARNES GROUP INC | Sold out | 0.00% | −1.24 |
| IBIT iShares Bitcoin Trust ETF | Reduce -16.7% | 5.98% | −1.09 |
| SEI Solaris Energy Infrastructur | Reduce -12.1% | 3.35% | −1.03 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.87 |
| GENI Genius Sports Ltd. | Sold out | 0.00% | −0.85 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −0.74 |
| CCIR Cohen Circle Acquisitio Class A | Reduce -40.7% | 2.12% | −0.65 |
| BEAG Bold Eagle Acquisition Cor-A | Reduce -36.6% | 1.90% | −0.63 |
| BALY Bally's Corp. | Sold out | 0.00% | −0.62 |
| BSII Black Spade Acquisition II C | Sold out | 0.00% | −0.57 |
| FTII Futuretech II Acquisiti Class A | Sold out | 0.00% | −0.57 |
| ON On Semiconductor | Sold out | 0.00% | −0.53 |
| PLMJF Plum Acquisition Corp. III | Sold out | 0.00% | −0.52 |
| PLAOF Patria Latin American Opport | Sold out | 0.00% | −0.50 |
| DIS The Walt Disney Co. | Reduce -41.5% | 0.70% | −0.47 |
| CIEN Ciena Corp. | Reduce -38.7% | 0.45% | −0.44 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.44 |
| FACT Fact II Acquisition Corp. | Reduce -41.9% | 0.85% | −0.40 |
| SDIG Stronghold Digital Mining-A | Sold out | 0.00% | −0.39 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.39 |
| MRLN Merlin Inc. | Sold out | 0.00% | −0.37 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.36 |
| GATO Gatos Silver Inc. | Sold out | 0.00% | −0.31 |
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −0.27 |
| TGLS Tecnoglass Holdings Inc. | Reduce -36.8% | 0.46% | −0.24 |
| ASTS Ast Spacemobile Inc. | Sold out | 0.00% | −0.23 |
| AVGO Broadcom Inc. | Reduce -23.2% | 0.39% | −0.22 |
| SRG Seritage Growth Prop- A | Reduce -0.9% | 1.82% | −0.21 |
| HLF Herbalife Ltd. | Sold out | 0.00% | −0.20 |
| USNA Usana Health Sciences Inc. | Sold out | 0.00% | −0.18 |
| EQX Equinox Gold Corp. | Sold out | 0.00% | −0.17 |
| ARES ACQUISITION CORP II | Reduce -62.6% | 0.12% | −0.15 |
| BTMD Biote Corp. Class A | Sold out | 0.00% | −0.15 |
| DMYY DMY Squared Technology GR-A | Reduce -60.0% | 0.13% | −0.13 |
| PROF Profound Medical Corp. | Sold out | 0.00% | −0.13 |
| CLNE Clean Energy Fuels Corp. | Sold out | 0.00% | −0.12 |
| RZLV Rezolve AI PLC | Sold out | 0.00% | −0.12 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.12 |
| NBIS Nebius Group NV | Reduce -13.1% | 0.31% | −0.10 |
Portfolio Buys Q4 2024 → Q1 2025
| GLD SPDR Gold Shares | Add +485.4% | 10.67% | +9.34 |
| ONEN One Nuclear Energy Inc. | New | 5.89% | +5.89 |
| SPRY Ars Pharmaceuticals Inc. | New | 3.47% | +3.47 |
| FSLR First Solar Inc. | Add +341.0% | 3.17% | +2.30 |
| CEPO Cantor Equity Partners I-A | New | 2.10% | +2.10 |
| RAC.U Rithm Acquisition Corp. | New | 2.01% | +2.01 |
| SVCC Stellar V Capital Corp. Class A | New | 1.93% | +1.93 |
| NETD Nabors Energy Transition C-A | New | 1.87% | +1.87 |
| ATIIU Archimedes Tech Spac Partner | New | 1.83% | +1.83 |
| SLV iShares Silver Trust | New | 1.81% | +1.81 |
| NHICU Newhold Investment Corp. III | New | 1.78% | +1.78 |
| LOKVU Live Oak Acquisition Corp. V | New | 1.43% | +1.43 |
| UBER Uber Technologies Inc. | New | 1.42% | +1.42 |
| WDC Western Digital Corp. | New | 1.36% | +1.36 |
| PLMK Plum Acquisition Corp. IV | Add +0.7% | 1.12% | +1.10 |
| FNV Franco-Nevada Corp. | New | 1.07% | +1.07 |
| VRN Veren Inc. | New | 0.74% | +0.74 |
| BBOT Bridgebio Oncology Therapeut | New | 0.64% | +0.64 |
| AACBU Artius II Acquisition Inc. | New | 0.64% | +0.64 |
| GSHRU Gesher Acquisition Corp. II | New | 0.56% | +0.56 |
| PDS Precision Drilling Corp. | Add +64.1% | 1.63% | +0.50 |
| CEP Cantor Equity Partners Inc. | New | 0.48% | +0.48 |
| PTON Peloton Interactive Inc. Class A | Add +238.9% | 0.66% | +0.43 |
| NLOP Net Lease Office Property | Add +4.3% | 2.49% | +0.43 |
| XPOF Xponential Fitness Inc. Class A | New | 0.43% | +0.43 |
| NVDA Nvidia Corp. | New | 0.37% | +0.37 |
| COLOMBIER ACQUISITION CORP | Add +70.8% | 0.83% | +0.37 |
| GFR Greenfire Resources Ltd. | New | 0.34% | +0.34 |
| RMBS Rambus Inc. | New | 0.34% | +0.34 |
| NHI Natl Health Investors Inc. | New | 0.34% | +0.34 |
| CERT Certara Inc. | New | 0.33% | +0.33 |
| CEVA Ceva Inc. | New | 0.28% | +0.28 |
| PKST Peakstone Realty Trust | Add +74.0% | 0.48% | +0.27 |
| SOC Sable Offshore Corp. | Add +44.9% | 0.56% | +0.26 |
| KGC Kinross Gold Corp. | New | 0.24% | +0.24 |
| W Wayfair Inc. Class A | New | 0.16% | +0.16 |
| NXPI NXP Semiconductors NV | Add +27.4% | 0.55% | +0.14 |
| PTA Cohen & Steers Tax-Advantage | New | 0.13% | +0.13 |
| BTX BlackRock Tech & Priv Eqty | New | 0.12% | +0.12 |
| AMZN Amazon.com Inc. | Add +7.9% | 1.55% | +0.11 |
| VBNK Versabank | Add +103.3% | 0.25% | +0.11 |
| QBTS D-Wave Quantum Inc. | New | 0.10% | +0.10 |
| ITOS Iteos Therapeutics Inc. | New | 0.10% | +0.10 |
| RGTI Rigetti Computing Inc. | New | 0.09% | +0.09 |
| LEGT Legato Merger Corp. III | New | 0.08% | +0.08 |
| XTEAX Tortoise Sust&social Imp Ter | New | 0.07% | +0.07 |
| ASGI Abrdn Global Infrastructure | Add +50.0% | 0.16% | +0.07 |
| PCF High Income Securities Fund | New | 0.06% | +0.06 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +28.0% | 0.18% | +0.06 |
| ECF Ellsworth Growth and Income | Add +56.5% | 0.12% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| GLD SPDR Gold Shares | call | New | 70,000 | $20.2M |
| AMZN Amazon.com Inc. | call | Sold out | 70,000 | $15.4Mbefore exit |
| GOOG Alphabet Inc. Class C | call | Add +820.0% | 92,000 | $14.4M |
| GLD SPDR Gold Shares | put | Reduce -81.1% | 32,500 | $9.4M |
| RDDT Reddit Inc. Class A | put | Sold out | 56,000 | $9.2Mbefore exit |
| VOO Vanguard S&P 500 ETF | put | Reduce -18.9% | 15,000 | $7.7M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 15,000 | $7.7Mbefore exit |
| STLD Steel Dynamics Inc. | call | Sold out | 60,000 | $6.8Mbefore exit |
| SEI Solaris Energy Infrastructur | call | Sold out | 235,800 | $6.8Mbefore exit |
| VOO Vanguard S&P 500 ETF | call | Reduce -72.5% | 12,500 | $6.4M |
| MTUM iShares MSCI USA Momentum Fa | put | Sold out | 30,000 | $6.2Mbefore exit |
| ARKK ARK Innovation ETF | put | New | 110,000 | $5.2M |
| RTX RTX Corp. | put | Sold out | 40,000 | $4.6Mbefore exit |
| IONQ Ionq Inc. | put | Add +900.0% | 200,000 | $4.4M |
| LOW Lowe's Cos Inc. | put | Sold out | 17,000 | $4.2Mbefore exit |
| TLN Talen Energy Corp. | put | New | 20,000 | $4.0M |
| TSM Taiwan Semiconductor-SP ADR | call | Sold out | 16,000 | $3.2Mbefore exit |
| IJR iShares Core S&P Small-Cap E | put | New | 30,000 | $3.1M |
| OMC Omnicom Group | put | New | 37,000 | $3.1M |
| CHRW C.H. Robinson Worldwide Inc. | call | Sold out | 27,500 | $2.8Mbefore exit |
| IBIT iShares Bitcoin Trust ETF | call | New | 60,000 | $2.8M |
| FNV Franco-Nevada Corp. | call | Reduce -2.8% | 17,500 | $2.8M |
| HLT Hilton Worldwide Holdings Inc. | call | New | 12,000 | $2.7M |
| DOO BRP Inc./Ca- Sub Voting | put | New | 80,000 | $2.7M |
| PAR Par Technology Corp. | put | Sold out | 35,000 | $2.5Mbefore exit |
| FCX Freeport-McMoran Inc. | put | Sold out | 65,000 | $2.5Mbefore exit |
| LMT Lockheed Martin Corp. | put | Sold out | 5,000 | $2.4Mbefore exit |
| KD Kyndryl Holdings Inc. | call | Sold out | 70,000 | $2.4Mbefore exit |
| CIEN Ciena Corp. | call | Reduce -33.3% | 40,000 | $2.4M |
| ABNB Airbnb Inc. Class A | put | New | 20,000 | $2.4M |
| RGLD Royal Gold Inc. | call | Sold out | 17,700 | $2.3Mbefore exit |
| CVNA Carvana Co. | call | New | 11,000 | $2.3M |
| PLTR Palantir Technologies Inc. Class A | put | Sold out | 30,000 | $2.3Mbefore exit |
| AAPL Apple Inc. | put | New | 10,000 | $2.2M |
| UBER Uber Technologies Inc. | call | Sold out | 31,000 | $1.9Mbefore exit |
| AIQ Global X Art Intel & Tech | put | New | 50,000 | $1.8M |
| XBI SS SPDR S&P Biotech ETF | put | Sold out | 20,000 | $1.8Mbefore exit |
| DOCU Docusign Inc. | put | Sold out | 20,000 | $1.8Mbefore exit |
| CCJ Cameco Corp. | call | Sold out | 34,900 | $1.8Mbefore exit |
| ODFL Old Dominion Freight Line | call | Sold out | 10,000 | $1.8Mbefore exit |
| BA The Boeing Co. | put | New | 10,000 | $1.7M |
| DJT Trump Media & Technology Gro | put | Sold out | 50,000 | $1.7Mbefore exit |
| SLV iShares Silver Trust | put | New | 50,000 | $1.5M |
| BMRN Biomarin Pharmaceutical Inc. | call | Sold out | 23,000 | $1.5Mbefore exit |
| GRND Grindr Inc. | put | New | 80,000 | $1.4M |
| ACI Albertsons Cos Inc. Class A | call | Sold out | 70,000 | $1.4Mbefore exit |
| MGA Magna International Inc. | call | New | 40,000 | $1.4M |
| SRG Seritage Growth Prop- A | call | Sold out | 325,600 | $1.3Mbefore exit |
| GD General Dynamics Corp. | put | Sold out | 5,000 | $1.3Mbefore exit |
| SEI Solaris Energy Infrastructur | put | New | 60,000 | $1.3M |
Showing the first 50 of 111.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -8.3% | 11,000 | $14.7M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Reduce -12.6% | 13,859 | $13.7M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 9,500 | $9.6Mbefore exit |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Sold out | 6,000 | $8.0Mbefore exit |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | Sold out | 7,799 | $7.7Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | New | 5,000 | $5.2M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | Sold out | 2,396 | $2.4Mbefore exit |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | Add +82.2% | 172,890 | $761K |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | Reduce -45.9% | 42,943 | $477K |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | Reduce -0.3% | 690,879 | $380K |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | Reduce -5.2% | 539,612 | $351K |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | New | 390,183 | $289K |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Add +45.4% | 227,177 | $279K |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | Reduce -0.5% | 382,768 | $264K |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | Reduce -0.0% | 988,295 | $247K |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | Reduce -31.5% | 135,397 | $244K |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | New | 75,018 | $231K |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | New | 1,086,568 | $217K |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | Reduce -2.2% | 530,857 | $191K |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | Reduce -24.2% | 629,642 | $183K |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | Sold out | 372,529 | $183Kbefore exit |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | Add +40.6% | 199,060 | $159K |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | Add +27.9% | 377,383 | $151K |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | New | 81,780 | $142K |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | Add +5.0% | 572,194 | $132K |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Reduce -90.5% | 39,668 | $120K |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | Reduce -1.1% | 521,356 | $120K |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | Reduce -21.6% | 372,500 | $108K |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | New | 350,354 | $105K |
| STRATA CRITICAL MEDICAL INC | *W EXP 05/07/202 | Add +31.3% | 477,069 | $105K |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | Reduce -50.9% | 490,776 | $98K |
| ABLLW East Resources Acquis -CW27 | *W EXP 06/30/202 | Sold out | 87,357 | $92Kbefore exit |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | Reduce -0.4% | 298,680 | $90K |
| USA RARE EARTH INC | *W EXP 03/13/203 | New | 130,125 | $87K |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | Reduce -10.6% | 381,754 | $80K |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | Reduce -1.4% | 1,277,536 | $77K |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | Reduce -54.9% | 258,953 | $75K |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | Add +16.5% | 529,029 | $74K |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | Add +43.6% | 367,983 | $74K |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | Reduce -15.6% | 438,716 | $66K |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | Reduce -51.0% | 366,749 | $59K |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | Reduce -26.6% | 276,675 | $50K |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | Add +4.3% | 308,153 | $46K |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | New | 457,063 | $46K |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | Reduce -43.8% | 293,200 | $44K |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | New | 295,689 | $41K |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | New | 18,799 | $41K |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | New | 299,909 | $36K |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | New | 169,960 | $36K |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | Reduce -0.8% | 264,020 | $34K |
Showing the first 50 of 112.
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 | 189 | $384.8M | PFSI, GLD, GOOG, SUNC, DCH |
| Q1 2026 | 188 | $328.1M | GOOG, PFSI, DCH, SUNC, FSLR |
| Q4 2025 | 161 | $265.7M | BTI, XPOF, DCH, SUNC, FSLR |
| Q3 2025 | 126 | $278.7M | GLD, CORZ, OPEN, SPRY, SLV |
| Q2 2025 | 115 | $230.9M | IBIT, FSLR, MAG, CORZ, SPRY |
| Q1 2025 | 97 | $176.1M | GLD, IBIT, ONEN, SPRY, SEI |
| Q4 2024 | 95 | $202.7M | IBIT, IAU, WLAC, SEI, DYNC |
| Q3 2024 | 114 | $199.3M | IAU, VACHU, IBIT, HONDU, VCICU |
| Q2 2024 | 111 | $188.6M | SPRY, IAU, IBIT, ALFUU, CUBWU |
| Q1 2024 | 124 | $194.9M | SPRY, IAU, IBIT, COOP, PXD |