Linden Advisors LP

Name: Linden Advisors LP 13F holdings, Q3 2024
Creator: Linden Advisors LP
Published: 2024-11-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q2 2024Q1 2024

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Linden Advisors LP reported 23 stock positions worth $174.0 million. Its top holding was Eqv Ventures Acquisition Cor (FTW.U) at 18.1% of the portfolio, followed by Ares Acquisition Corp. II (13.7%) and Silverbox Corp. IV (SBXUF, 11.5%). Compared with Q2 2024, it opened 9 new positions and sold out of 5. The biggest buy was a new position in Eqv Ventures Acquisition Cor (FTW.U) and the biggest sale an exit from Spark I Acquisition (SPKUF).

Most Recent 13F: Q2 2026
Location: New York, NY
CIK: 0001279396
Portfolio Value: $174.0M (Q3 2024)
SEC Filing: 0000950123-24-011534 ↗ filed Nov 14, 2024

Holdings Value

Holdings 23 stocks · $174.0M


FTW.U Eqv Ventures Acquisition Cor	18.07%	3,165,000	$31.4M	New
ARES ACQUISITION CORP II	13.70%	2,200,000	$23.8M	No change
SBXUF Silverbox Corp. IV	11.53%	2,000,000	$20.1M	New
TONT.U Graf Global Corp.	8.65%	1,500,000	$15.0M	No change
USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP	6.17%	1,000,000	$10.7M	No change
NETD Nabors Energy Transition C-A	6.12%	1,000,000	$10.7M	No change
HAYMAKER ACQUISITION CORP 4	5.51%	900,000	$9.6M	No change
BSIIU Black Spade Acquisition II C	4.30%	750,000	$7.5M	New
CLBR.U Colombier Acquis Corp. II	3.88%	650,000	$6.8M	No change
ALCYF Alchemy Investments Acquisit	3.13%	500,000	$5.4M	No change
ANSCU Agriculture & Natural Soluti	3.05%	500,000	$5.3M	No change
LEGT.U Legato Merger Corp. III	2.67%	450,000	$4.6M	No change
VCICU Vine Hill Cap Invest-Unit	2.59%	450,000	$4.5M	New
CCIXU Churchill Capital Corp. Ix	2.36%	400,000	$4.1M	No change
SPKLF Spark I Acquisition Corp.	1.81%	300,000	$3.1M	New
POLEU Andretti Acquisition Corp. II	1.72%	300,000	$3.0M	New
BOWN Bowen Acquisition Corp.	1.55%	250,000	$2.7M	No change
SKGR SK Growth Opportunities Co. Class A	0.98%	150,000	$1.7M	New
SBXC Silverbox Corp. III-A	0.92%	150,000	$1.6M	No change
ESHA Esh Acquisition Corp. Class A	0.61%	100,000	$1.1M	No change
OKLO Oklo Inc.	0.47%	100,000	$809K	New
ULS Ul Solutions Inc. Class A	0.21%	7,500	$370K	New
ABPWW Atlantic Coastal Aqstn Corp.	0.01%	499,999	$17K	No change

Other holdings (254): bonds, preferreds, convertibles and warrants · $11.7B (not counted above)

Security	Class	Shares / Principal	Value	Change
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	233,419,000	$318.6M	Add +52.7%
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	133,663,000	$307.2M	Add +13.7%
CONFLUENT INC (CFLT 0 01/15/27)	NOTE 1/1 · principal	322,599,000	$286.6M	Add +0.3%
LI AUTO INC (LI 0.25 05/01/28)	NOTE 0.250% 5/0 · principal	220,770,000	$263.5M	Add +49.2%
UNITED STATES STEEL CORP (X 5 11/01/26)	NOTE 5.000%11/0 · principal	94,961,000	$253.6M	Add +30.5%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28)	NOTE 1.500% 6/0 · principal	132,242,000	$244.1M	Add +7.3%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	277,307,000	$241.2M	Reduce -11.9%
MONGODB INC (MDB 0.25 01/15/26)	NOTE 0.250% 1/1 · principal	164,975,000	$227.8M	Reduce -4.1%
SEA LTD (SEALTD 0.25 09/15/26)	NOTE 0.250% 9/1 · principal	247,745,000	$224.2M	Add +37.6%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27)	NOTE 1.500% 9/0 · principal	207,858,000	$222.3M	Add +12.7%
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	168,737,000	$218.8M	Add +20.5%
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	260,640,000	$208.6M	Reduce -0.2%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	175,247,000	$204.7M	Add +25.0%
MAKEMYTRIP LIMITED (MMYT 0 02/15/28)	NOTE 2/1 · principal	84,266,000	$204.6M	Add +19.2%
LIVONGO HEALTH (TDOC 0.875 06/01/25)	NOTE 0.875% 6/0 · principal	186,476,000	$180.8M	Add +0.1%
IMPINJ INC (PI 1.125 05/15/27)	NOTE 1.125% 5/1 · principal	75,040,000	$150.0M	Reduce -3.2%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	144,910,000	$149.9M	Add +181.9%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	172,518,000	$149.5M	Add +4.9%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	159,292,000	$147.2M	Add +0.4%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28)	NOTE 2.500% 9/1 · principal	137,283,000	$145.1M	New
RAPID7 INC (RPD 0.25 03/15/27)	NOTE 0.250% 3/1 · principal	157,312,000	$144.0M	No change
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29)	NOTE 2.875% 2/1 · principal	112,600,000	$142.1M	Add +15.4%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	154,159,000	$136.7M	Add +20.1%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	132,060,000	$135.8M	Reduce -0.9%
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	153,790,000	$132.2M	Add +19.4%
WAYFAIR INC (W 3.5 11/15/28)	NOTE 3.500%11/1 · principal	88,900,000	$131.0M	Add +464.4%
CAMTEK LTD/ISRAEL (CAMT 0 12/01/26)	NOTE 12/0 · principal	86,380,000	$128.2M	New
H WORLD GROUP LTD (HTHT 3 05/01/26)	NOTE 3.000% 5/0 · principal	110,900,000	$126.1M	Add +20.7%
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	127,613,000	$125.3M	Reduce -1.5%
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	130,737,000	$122.3M	Add +190.6%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	125,342,000	$121.8M	Add +67.3%
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	127,901,000	$120.3M	Add +3.1%
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26)	NOTE 1.750%12/1 · principal	130,664,000	$120.1M	Add +10.1%
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	128,703,000	$120.0M	Add +10.8%
SEMTECH CORP (SMTC 1.625 11/01/27)	NOTE 1.625%11/0 · principal	84,400,000	$119.7M	Add +72.6%
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	143,500,000	$117.6M	Add +60.0%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	102,640,000	$116.7M	Reduce -36.5%
DAYFORCE INC (DAY 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	122,626,000	$115.7M	Reduce -20.4%
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	123,525,000	$114.9M	Add +8.3%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	115,560,000	$113.7M	Reduce -7.2%
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29)	NOTE 2.875% 6/0 · principal	83,200,000	$112.8M	Add +34.6%
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	124,637,000	$107.9M	Add +2.1%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29)	NOTE 1.500%12/1 · principal	86,355,000	$100.2M	Reduce -9.8%
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	114,223,000	$98.1M	Add +1.4%
CANADIAN SOLAR INC (CSIQ 2.5 10/01/25)	NOTE 2.500%10/0 · principal	101,231,000	$96.4M	No change
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	107,271,000	$96.0M	Add +43.4%
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	106,428,000	$94.1M	Add +42.2%
CHEGG INC (CHGG 0.125 03/15/25)	NOTE 0.125% 3/1 · principal	94,818,000	$91.1M	Add +11.2%
BILIBILI INC (BILI 0.5 12/01/26)	NOTE 0.500%12/0 · principal	87,846,000	$86.9M	Add +10.4%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27)	NOTE 0.250% 3/0 · principal	82,630,000	$82.9M	Reduce -15.3%
JAMF HOLDING CORP (JAMF 0.125 09/01/26)	NOTE 0.125% 9/0 · principal	91,540,000	$82.6M	Add +14.9%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	92,956,000	$82.4M	Reduce -42.4%
CABLE ONE INC (CABO 0 03/15/26)	NOTE 3/1 · principal	87,869,000	$80.7M	Reduce -6.4%
ENPHASE ENERGY INC (ENPH 0 03/01/26)	NOTE 3/0 · principal	85,644,000	$80.6M	Add +4.9%
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	64,925,000	$78.3M	Add +69.0%
NIO INC (NIO 0.5 02/01/27)	NOTE 0.500% 2/0 · principal	77,894,000	$75.9M	Add +99.0%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	48,540,000	$75.5M	Add +219.6%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	88,235,000	$73.8M	Add +7.3%
DROPBOX INC (DBX 0 03/01/26)	NOTE 3/0 · principal	75,439,000	$73.2M	Reduce -36.2%
LIVENT CORP (LTHM 4.125 07/15/25)	NOTE 4.125% 7/1 · principal	67,977,000	$72.9M	Add +7.9%
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27)	UNIT 02/01/2027	1,285,000	$72.4M	Add +55.8%
HEALTH CATALYST INC (HCAT 2.5 04/15/25)	NOTE 2.500% 4/1 · principal	70,360,000	$69.2M	Add +0.5%
WORKIVA INC (WK 1.25 08/15/28)	NOTE 1.250% 8/1 · principal	72,898,000	$69.1M	New
CALLAWAY GOLF CO (CALY 2.75 05/01/26)	NOTE 2.750% 5/0 · principal	67,203,000	$68.5M	Reduce -7.6%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	71,619,000	$67.2M	Add +57.9%
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28)	NOTE 3.875% 9/1 · principal	66,320,000	$66.4M	New
INNOVIVA INC (INVA 2.125 03/15/28)	NOTE 2.125% 3/1 · principal	67,896,000	$65.7M	Reduce -30.6%
VERINT SYSTEMS INC (VRNT 0.25 04/15/26)	NOTE 0.250% 4/1 · principal	69,991,000	$65.3M	Add +2.5%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	61,893,000	$63.9M	Reduce -3.5%
INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25)	NOTE 0.500% 8/1 · principal	66,500,000	$63.3M	No change
EVENTBRITE INC (EB 0.75 09/15/26)	NOTE 0.750% 9/1 · principal	71,331,000	$61.5M	No change
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27)	NOTE 1.500%10/1 · principal	60,720,000	$60.5M	Reduce -3.2%
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30)	NOTE 2.250% 9/1 · principal	64,158,000	$59.0M	New
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	52,292,000	$57.0M	Reduce -26.1%
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26)	NOTE 1.500% 2/1 · principal	60,102,000	$56.9M	Add +5.3%
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	60,244,000	$55.1M	No change
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	60,563,000	$54.0M	Reduce -26.0%
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29)	NOTE 2.000% 3/1 · principal	49,690,000	$52.7M	New
OMNICELL INC (OMCL 0.25 09/15/25)	NOTE 0.250% 9/1 · principal	54,641,000	$52.3M	Add +2.2%
WAYFAIR INC (W 0.625 10/01/25)	NOTE 0.625%10/0 · principal	53,593,000	$51.3M	Add +2.4%
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	57,988,000	$50.2M	Add +155.8%
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26)	NOTE 4.250% 8/1 · principal	49,500,000	$50.2M	New
MARA HOLDINGS INC (MARA 1 12/01/26)	NOTE 1.000%12/0 · principal	55,500,000	$49.2M	New
PROS HOLDINGS INC (PRO 2.25 09/15/27)	NOTE 2.250% 9/1 · principal	53,316,000	$47.6M	Reduce -30.4%
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	25,457,000	$47.3M	Add +86.2%
ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29)	NOTE 4.000% 3/1 · principal	46,465,000	$46.9M	Add +11.3%
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	51,477,000	$46.8M	New
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	37,676,000	$46.5M	Reduce -67.0%
NOVOCURE LTD (NVCR 0 11/01/25)	NOTE 11/0 · principal	48,961,000	$46.2M	Add +12.4%
MITEK SYSTEMS INC (MITK 0.75 02/01/26)	NOTE 0.750% 2/0 · principal	48,749,000	$45.5M	No change
NEOGENOMICS INC (NEO 0.25 01/15/28)	NOTE 0.250% 1/1 · principal	54,576,000	$45.2M	Reduce -1.8%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	42,500,000	$45.0M	Add +51.8%
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29)	NOTE 3.875% 8/1 · principal	45,997,000	$43.3M	New
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26)	NOTE 1.500% 9/1 · principal	40,479,000	$42.0M	Add +5.2%
VAREX IMAGING CORPORATIO (VREX 4 06/01/25)	NOTE 4.000% 6/0 · principal	41,132,000	$40.9M	No change
HAEMONETICS CORP (HAE 0 03/01/26)	NOTE 3/0 · principal	43,507,000	$40.4M	Add +1.2%
PAR TECHNOLOGY CORP (PAR 2.875 04/15/26)	NOTE 2.875% 4/1 · principal	29,360,000	$39.6M	Add +16.9%
LIVEPERSON INC (LPSN 0 12/15/26)	NOTE 12/1 · principal	86,158,000	$38.7M	No change
LCI INDUSTRIES (LCII 1.125 05/15/26)	NOTE 1.125% 5/1 · principal	37,842,000	$38.4M	Add +23.1%
NEOGENOMICS INC (NEO 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	39,111,000	$38.2M	Reduce -20.4%
Q2 HOLDINGS INC (QTWO 0.125 11/15/25)	NOTE 0.125%11/1 · principal	39,595,000	$38.0M	No change
EZCORP INC (EZPW 2.375 05/01/25)	NOTE 2.375% 5/0 · principal	38,302,000	$37.8M	Add +2.9%
BLOCK INC (XYZ 0 05/01/26)	NOTE 5/0 · principal	39,941,000	$36.9M	Reduce -39.0%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	37,957,000	$35.9M	New
PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28)	NOTE 3.250% 4/0 · principal	15,140,000	$35.8M	Reduce -1.0%
RAPID7 INC (RPD 1.25 03/15/29)	NOTE 1.250% 3/1 · principal	37,138,000	$35.1M	New
TRIPADVISOR INC (TRIP 0.25 04/01/26)	NOTE 0.250% 4/0 · principal	37,357,000	$34.8M	No change
MANNKIND CORP (MNKD 2.5 03/01/26)	NOTE 2.500% 3/0 · principal	25,781,000	$34.4M	Reduce -10.4%
RINGCENTRAL INC (RNG 0 03/15/26)	NOTE 3/1 · principal	36,458,000	$33.5M	Reduce -54.4%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28)	NOTE 1.750% 6/1 · principal	30,765,000	$31.9M	Reduce -50.0%
BILL HOLDINGS INC (BILL 0 04/01/27)	NOTE 4/0 · principal	34,772,000	$30.8M	Reduce -1.2%
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	37,392,000	$30.0M	New
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26)	NOTE 2.750% 5/1 · principal	27,597,000	$29.9M	Reduce -35.2%
ACCOLADE INC (ACCD 0.5 04/01/26)	NOTE 0.500% 4/0 · principal	32,083,000	$29.3M	No change
CERENCE INC (CRNC 1.5 07/01/28)	NOTE 1.500% 7/0 · principal	52,500,000	$28.4M	New
CERENCE INC (CRNC 3 06/01/25)	NOTE 3.000% 6/0 · principal	27,242,000	$25.5M	No change
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25)	NOTE 0.750% 8/0 · principal	25,900,000	$24.7M	Add +28.5%
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29)	NOTE 2.250% 3/0 · principal	27,743,000	$24.0M	Add +553.9%
APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26)	NOTE 3.500% 9/1 · principal	21,767,000	$23.7M	No change
OIL STATES INTL INC (OIS 4.75 04/01/26)	NOTE 4.750% 4/0 · principal	24,364,000	$23.5M	Add +31.7%
CORZW Core Scientific Inc. - 27	*W EXP 01/23/202	3,384,718	$22.8M	Add +130.7%
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28)	NOTE 3.750% 5/1 · principal	12,500,000	$22.5M	New
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	19,500,000	$20.7M	Reduce -78.8%
SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25)	NOTE 9/1 · principal	21,587,000	$20.1M	Reduce -43.0%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	16,291,000	$19.1M	Reduce -67.8%
PAGERDUTY INC. (PD 1.25 07/01/25)	NOTE 1.250% 7/0 · principal	19,010,000	$18.3M	No change
TANDEM DIABETES CARE INC (TNDM 1.5 05/01/25)	NOTE 1.500% 5/0 · principal	17,874,000	$17.5M	No change
MAGNITE INC (MGNI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	19,000,000	$17.5M	New
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28)	NOTE 1.750%12/0 · principal	10,737,000	$16.3M	Add +188.4%
INFINERA CORP (INFN 3.75 08/01/28)	NOTE 3.750% 8/0 · principal	13,235,000	$15.0M	Add +36.0%
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	19,115,000	$14.4M	Reduce -18.4%
ZIFF DAVIS INC (ZD 3.625 03/01/28)	DEBT 3.625% 3/0 · principal	13,736,000	$13.1M	New
MESA LABORATORIES INC (MLAB 1.375 08/15/25)	NOTE 1.375% 8/1 · principal	13,429,000	$12.8M	No change
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	8,633,000	$12.2M	New
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	9,565,000	$11.4M	Reduce -64.0%
BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	7,315,000	$10.6M	Add +1440.0%
INOTIV INC (NOTV 3.25 10/15/27)	NOTE 3.250%10/1 · principal	40,725,000	$10.5M	No change
RAPID7 INC (RPD 2.25 05/01/25)	NOTE 2.250% 5/0 · principal	10,240,000	$10.1M	No change
PDD HOLDINGS INC (PDD 0 12/01/25)	NOTE 12/0 · principal	10,000,000	$10.1M	New
WIX LTD (WIX 0 08/15/25)	NOTE 8/1 · principal	9,487,000	$9.1M	Reduce -89.5%
WORKIVA INC (WK 1.125 08/15/26)	NOTE 1.125% 8/1 · principal	7,300,000	$8.4M	No change
CLOUDFLARE INC (NET 0 08/15/26)	NOTE 8/1 · principal	7,970,000	$7.4M	Reduce -96.6%
I3 VERTICALS LLC (IIIV 1 02/15/25)	NOTE 1.000% 2/1 · principal	7,509,000	$7.3M	No change
8X8 INC (EGHT 4 02/01/28)	NOTE 4.000% 2/0 · principal	7,733,000	$5.8M	Reduce -54.4%
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	NOTE 0.750% 3/1 · principal	5,257,000	$5.2M	New
LYFT INC (LYFT 1.5 05/15/25)	NOTE 1.500% 5/1 · principal	4,678,000	$4.6M	Reduce -93.7%
ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27)	NOTE 1.750% 6/1 · principal	2,313,000	$3.3M	No change
CARDLYTICS INC (CDLX 1 09/15/25)	NOTE 1.000% 9/1 · principal	3,500,000	$3.2M	No change
VEECO INSTRUMENTS INC (VECO 3.5 01/15/25)	NOTE 3.500% 1/1 · principal	2,200,000	$3.1M	No change
EVENTBRITE INC (EB 5 12/01/25)	NOTE 5.000%12/0 · principal	3,000,000	$3.0M	Reduce -92.4%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	2,654,000	$2.9M	Reduce -91.5%
JBT MAREL CORP (JBTM 0.25 05/15/26)	NOTE 0.250% 5/1 · principal	2,948,000	$2.8M	No change
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	1,768,000	$1.7M	Reduce -96.1%
IQIYI INC (IQ 2 04/01/25)	NOTE 2.000% 4/0 · principal	1,500,000	$1.5M	No change
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	950,000	$1.1M	Reduce -81.0%
ALVOW Alvotech SA -27	*W EXP 99/99/999	273,180	$833K	Reduce -0.1%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	438,000	$514K	Reduce -98.4%
HP ENTERPRISE CO (HPE 7.625 09/01/27)	7.625 MAND CONV	5,000	$303K	New
PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26)	NOTE 2.250% 2/1 · principal	250,000	$301K	Reduce -97.4%
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	241,000	$253K	Reduce -89.3%
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	250,000	$249K	No change
GBGWF Global Blue Group Holding AG	*W EXP 08/28/202	2,144,522	$197K	No change
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27)	NOTE 6.750% 7/1 · principal	182,000	$196K	Reduce -99.2%
AILWQ Arrowroot Acquisition -CW26	*W EXP 04/16/202	649,950	$172K	Reduce -1.0%
USARW Inflection Point Acquis-C-28	*W EXP 08/31/202	750,000	$169K	Add +50.0%
AISPW Airship AI Holdings Inc.-CW28	*W EXP 12/21/202	744,543	$168K	No change
KDKRW Ares Acquisition Corp. II-28	*W EXP 99/99/999	1,000,000	$160K	No change
CDROW Codere Online Luxembou -CW	*W EXP 11/23/202	144,411	$147K	Reduce -8.5%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	123,000	$146K	No change
LUNRW Intuitive Machines Inc.-CW	*W EXP 99/99/999	52,000	$129K	New
SLND.WS Legato Merger Corp. II -CW23	*W EXP 02/14/202	399,999	$123K	No change
MRNOW Murano Global BV-28	*W EXP 03/19/202	749,999	$102K	No change
TALKW Hudson Executive Inv -CW25	*W EXP 06/21/202	1,071,902	$80K	No change
HYAC.WS Haymaker Acquisition Corp.-28	*W EXP 05/31/202	450,001	$77K	No change
CRMLW Critical Metals Corp.-28	*W EXP 02/27/202	299,999	$75K	No change
ANSCW Agriculture & Natural Solu-W	*W EXP 10/01/202	250,000	$68K	New
SVIRF Spring Valley Acquisit-Right	RIGHT 02/25/2026	600,000	$60K	No change
PSQH.WS Colombier Acq Class A -CW28	*W EXP 07/19/202	275,024	$51K	No change
BOWNR Bowen Acquisition Corp.-RTS	RIGHT 99/99/9999	250,000	$49K	No change
CRTWF Cartica Acquisition A -28	*W EXP 04/30/202	300,000	$47K	No change
NETDW Nabors Energy Transiti-CW	*W EXP 09/01/202	500,000	$47K	No change
ATMVR Alphavest Acquisition Co.-RT	RIGHT 01/22/2026	300,000	$42K	No change
AMBWQ Ambipar Emergency Respons-28	*W EXP 03/03/202	123,683	$41K	No change
RFACR RF Acquisition Corp.- Rights	RIGHT 05/01/2028	375,000	$41K	No change
GHIXW Gores Holding Ix -CW24	*W EXP 01/14/202	416,665	$37K	No change
AIRJW Power & Digital Acq -CW24	*W EXP 03/15/202	79,845	$35K	Reduce -1.5%
ASBPW Aspire Biopharma Holdin-CW27	*W EXP 05/23/202	899,999	$34K	No change
XAGEW Alpha Healthcare Acquis-CW27	*W EXP 07/12/202	371,248	$33K	No change
PITWF Heramba Electric PLC-28	*W EXP 07/26/202	367,855	$32K	New
CLRRF Climaterock -RTS	RIGHT 10/31/2028	300,000	$30K	No change
BYNOW Bynordic Acquisition -CW27	*W EXP 07/01/202	349,999	$30K	No change
CRGOW Freightos Ltd.-CW28	*W EXP 99/99/999	487,500	$30K	No change
LANWF Lanvin Group Holdings Ltd.-27	*W EXP 01/14/202	1,138,687	$29K	No change
VSEEW Digital Health Acquist-CW23	*W EXP 99/99/999	500,000	$29K	No change
XBPEW CF Acquisition Viii A -CW27	*W EXP 11/30/202	1,040,133	$26K	No change
ALCWF Alchemy Investments Acqui-28	*W EXP 11/30/202	249,999	$23K	No change
MLECW Moolec Science SA	*W EXP 12/30/202	594,637	$23K	No change
SKGRW SK Growth Opportunities -29	*W EXP 06/28/202	108,000	$23K	No change
NIOBW Niocorp Developments Ltd. -28	*W EXP 03/17/202	194,210	$23K	No change
GRDIW Griid Infrastructure Inc.-28	*W EXP 12/29/202	786,403	$22K	No change

Largest 200 of 254 shown.

Total filed on the 13F, all lines: $11.9B.

Portfolio Sells Q2 2024 → Q3 2024


SPKUF Spark I Acquisition Corp.	Sold out	0.00%	−3.00
MMSI Merit Medical Systems Inc.	Sold out	0.00%	−2.10
SEDG Solaredge Technologies Inc.	Sold out	0.00%	−0.38
LONGEVITY HEALTH HLDGS INC	Sold out	0.00%	−0.08
LEAFLY HOLDINGS INC	Sold out	0.00%	−0.00

Portfolio Buys Q2 2024 → Q3 2024


FTW.U Eqv Ventures Acquisition Cor	New	18.07%	+18.07
SBXUF Silverbox Corp. IV	New	11.53%	+11.53
BSIIU Black Spade Acquisition II C	New	4.30%	+4.30
VCICU Vine Hill Cap Invest-Unit	New	2.59%	+2.59
SPKLF Spark I Acquisition Corp.	New	1.81%	+1.81
POLEU Andretti Acquisition Corp. II	New	1.72%	+1.72
SKGR SK Growth Opportunities Co. Class A	New	0.98%	+0.98
OKLO Oklo Inc.	New	0.47%	+0.47
ULS Ul Solutions Inc. Class A	New	0.21%	+0.21

Notes & Other Activity Q2 2024 → Q3 2024


MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	Add +52.7%	233,419,000	$318.6M
SEA LTD (SEALTD 2.375 12/01/25)	NOTE 2.375%12/0 · principal	Sold out	288,643,000	$309.3Mbefore exit
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	Add +13.7%	133,663,000	$307.2M
SPOTIFY USA INC (SPOT 0 03/15/26)	NOTE 3/1 · principal	Sold out	301,441,000	$287.2Mbefore exit
CONFLUENT INC (CFLT 0 01/15/27)	NOTE 1/1 · principal	Add +0.3%	322,599,000	$286.6M
LI AUTO INC (LI 0.25 05/01/28)	NOTE 0.250% 5/0 · principal	Add +49.2%	220,770,000	$263.5M
UNITED STATES STEEL CORP (X 5 11/01/26)	NOTE 5.000%11/0 · principal	Add +30.5%	94,961,000	$253.6M
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28)	NOTE 1.500% 6/0 · principal	Add +7.3%	132,242,000	$244.1M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Reduce -11.9%	277,307,000	$241.2M
MONGODB INC (MDB 0.25 01/15/26)	NOTE 0.250% 1/1 · principal	Reduce -4.1%	164,975,000	$227.8M
SEA LTD (SEALTD 0.25 09/15/26)	NOTE 0.250% 9/1 · principal	Add +37.6%	247,745,000	$224.2M
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27)	NOTE 1.500% 9/0 · principal	Add +12.7%	207,858,000	$222.3M
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	Add +20.5%	168,737,000	$218.8M
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	Reduce -0.2%	260,640,000	$208.6M
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	Add +25.0%	175,247,000	$204.7M
MAKEMYTRIP LIMITED (MMYT 0 02/15/28)	NOTE 2/1 · principal	Add +19.2%	84,266,000	$204.6M
LIVONGO HEALTH (TDOC 0.875 06/01/25)	NOTE 0.875% 6/0 · principal	Add +0.1%	186,476,000	$180.8M
IMPINJ INC (PI 1.125 05/15/27)	NOTE 1.125% 5/1 · principal	Reduce -3.2%	75,040,000	$150.0M
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	Add +181.9%	144,910,000	$149.9M
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	Add +4.9%	172,518,000	$149.5M
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	Add +0.4%	159,292,000	$147.2M
ADVANCED ENERGY IND (AEIS 2.5 09/15/28)	NOTE 2.500% 9/1 · principal	New	137,283,000	$145.1M
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29)	NOTE 2.875% 2/1 · principal	Add +15.4%	112,600,000	$142.1M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	Add +20.1%	154,159,000	$136.7M
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	Reduce -0.9%	132,060,000	$135.8M
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	Add +19.4%	153,790,000	$132.2M
WAYFAIR INC (W 3.5 11/15/28)	NOTE 3.500%11/1 · principal	Add +464.4%	88,900,000	$131.0M
CAMTEK LTD/ISRAEL (CAMT 0 12/01/26)	NOTE 12/0 · principal	New	86,380,000	$128.2M
H WORLD GROUP LTD (HTHT 3 05/01/26)	NOTE 3.000% 5/0 · principal	Add +20.7%	110,900,000	$126.1M
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	Reduce -1.5%	127,613,000	$125.3M
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	Add +190.6%	130,737,000	$122.3M
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	Add +67.3%	125,342,000	$121.8M
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	Add +3.1%	127,901,000	$120.3M
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26)	NOTE 1.750%12/1 · principal	Add +10.1%	130,664,000	$120.1M
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	Add +10.8%	128,703,000	$120.0M
SEMTECH CORP (SMTC 1.625 11/01/27)	NOTE 1.625%11/0 · principal	Add +72.6%	84,400,000	$119.7M
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	Add +60.0%	143,500,000	$117.6M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	Reduce -36.5%	102,640,000	$116.7M
DAYFORCE INC (DAY 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	Reduce -20.4%	122,626,000	$115.7M
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	Add +8.3%	123,525,000	$114.9M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	Reduce -7.2%	115,560,000	$113.7M
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29)	NOTE 2.875% 6/0 · principal	Add +34.6%	83,200,000	$112.8M
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	Add +2.1%	124,637,000	$107.9M
CYBERARK SOFTWARE LTD (CYBR 0 11/15/24)	NOTE 11/1 · principal	Sold out	58,152,000	$101.2Mbefore exit
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29)	NOTE 1.500%12/1 · principal	Reduce -9.8%	86,355,000	$100.2M
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	Add +1.4%	114,223,000	$98.1M
NEXTERA ENERGY INC (NEE 7.299 06/01/27)	UNIT 06/01/2027	Sold out	1,985,000	$97.7Mbefore exit
AIRBNB INC (ABNB 0 03/15/26)	NOTE 3/1 · principal	Sold out	105,470,000	$96.6Mbefore exit
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	Add +43.4%	107,271,000	$96.0M
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	Add +42.2%	106,428,000	$94.1M

Showing the first 50 of 195.

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	245	$2.3B	GOOG, GOOGL, HOOD, SBXDF, CUB
Q1 2026	211	$1.7B	SBXDF, IPCX, CRGY, TVAI, ZKP
Q4 2025	159	$1.3B	ZTS, FTW, SBXDF, IPCX, TVAI
Q3 2025	126	$1.1B	FTW, NVMI, SBXDF, IPCX, BXP
Q2 2025	106	$952.4M	NET, FTW, ARES ACQUISITION CORP II, WEC, CYBR
Q1 2025	53	$457.5M	MCHP, FTW, ARES ACQUISITION CORP II, IMSR, SBXDF
Q4 2024	38	$303.2M	FTW, ARES ACQUISITION CORP II, SBXDF, DDOG, TONT
Q3 2024	23	$174.0M	FTW.U, ARES ACQUISITION CORP II, SBXUF, TONT.U, USAR
Q2 2024	19	$106.3M	ARES ACQUISITION CORP II, TONT.U, USAR, NETD, HAYMAKER ACQUISITION CORP 4
Q1 2024	25	$116.4M	ARES ACQUISITION CORP II, PLAOF, SCRM, USAR, NETD