Linden Advisors LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Linden Advisors LP reported 38 stock positions worth $303.2 million. Its top holding was Eqv Ventures Acquisition C-A (FTW) at 10.4% of the portfolio, followed by Ares Acquisition Corp. II (8.0%) and Silverbox Corp. IV-A (SBXDF, 6.7%). Compared with Q3 2024, it opened 27 new positions, sold out of 11, added to 1 and reduced 1. The biggest buy was a new position in Datadog Class A (DDOG) and the biggest sale an exit from USA Rare Earth (USAR).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001279396
Portfolio Value
$303.2M (Q4 2024)
SEC Filing
0000950123-25-002376 ↗ filed Feb 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $116.4M Q1 2024 Q2 2024: $106.3M Q2 2024 Q3 2024: $174.0M Q3 2024 Q4 2024: $303.2M $303.2M Q4 2024 Q1 2025: $457.5M Q1 2025 Q2 2025: $952.4M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.7B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 38 stocks · $303.2M
FTW Eqv Ventures Acquisition C-A 10.42% 3,165,000 $31.6M No change
ARES ACQUISITION CORP II 7.97% 2,200,000 $24.2M No change
SBXDF Silverbox Corp. IV-A 6.66% 2,000,000 $20.2M No change
DDOG Datadog Inc. Class A 6.13% 130,081 $18.6M New
TONT Graf Global Corp. Class A 4.99% 1,500,000 $15.1M New
NETD Nabors Energy Transition C-A 3.56% 1,000,000 $10.8M No change
DYNC Dynamix Corp. 3.55% 1,100,000 $10.8M New
CCIRU Cohen Circle Acquisition Cor 3.33% 998,000 $10.1M New
GSRTU GSR III Acquisition Corp. 3.30% 998,000 $10.0M New
LPBBU Launch Two Acquisition Corp. 3.30% 998,000 $10.0M New
HAYMAKER ACQUISITION CORP 4 3.20% 900,000 $9.7M No change
ALDFU Aldel Financial II Inc. 3.15% 950,000 $9.6M New
NTWOU Newbury Street II Acquisitio 2.97% 900,000 $9.0M New
MLACU Mountain Lake Acquisition Co. 2.89% 875,000 $8.8M New
BEAGU Bold Eagle Acquisition Corp. 2.66% 800,000 $8.1M New
JACS.U Jackson Acquisition Co. II 2.65% 800,000 $8.0M New
COLOMBIER ACQUISITION CORP 2.52% 650,000 $7.6M New
BSII Black Spade Acquisition II C 2.46% 750,000 $7.4M No change
BORR Borr Drilling Ltd. 2.08% 1,620,841 $6.3M New
OACCU Oaktree Acquisition III Life 2.01% 600,000 $6.1M New
TDACU Translational Development Ac 1.98% 600,000 $6.0M New
SKGR SK Growth Opportunities Co. Class A 1.91% 500,000 $5.8M Add +233.3%
ANSC Agriculture & Natural Soluti 1.73% 500,000 $5.2M New
BACQU Bleichroeder Acquisition Cor 1.66% 500,000 $5.0M New
RANGU Range Capital Acquisition Co. 1.66% 500,000 $5.0M New
LEGT Legato Merger Corp. III 1.53% 450,000 $4.6M New
VCICU Vine Hill Cap Invest-Unit 1.50% 450,000 $4.5M No change
WLACU Willow Lane Acquisition Corp. 1.40% 425,000 $4.2M New
CCIX Churchill Capital Corp. Ix 1.37% 400,000 $4.1M New
SPKLF Spark I Acquisition Corp. 1.05% 300,000 $3.2M No change
POLEU Andretti Acquisition Corp. II 0.99% 300,000 $3.0M No change
FACTU Fact II Acquisition Corp. 0.99% 300,000 $3.0M New
DRDBU Roman DBDR Acquisition Corp. 0.99% 300,000 $3.0M New
TAVIU Tavia Acquisition Corp. 0.83% 250,000 $2.5M New
CNCK Coincheck Group NV 0.46% 157,170 $1.4M New
ULS Ul Solutions Inc. Class A 0.10% 5,802 $289K Reduce -22.6%
MAXNQ Maxeon Solar Technologie 0.06% 22,775 $172K New
LEAFLY HOLDINGS INC 0.00% 1,500 $2K New
Other holdings (226): bonds, preferreds, convertibles and warrants · $11.8B (not counted above)
SecurityClassShares / PrincipalValueChange
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal 323,112,000$668.7MAdd +38.4%
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 369,652,000$490.6MNew
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 327,445,000$295.1MAdd +1.5%
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal 236,770,000$271.0MAdd +7.3%
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 89,269,000$260.8MAdd +5.9%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal 243,410,000$252.0MAdd +68.0%
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal 112,518,000$244.5MReduce -15.8%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 286,119,000$244.2MAdd +3.2%
UNITED STATES STEEL CORP (X 5 11/01/26) NOTE 5.000%11/0 · principal 87,461,000$225.0MReduce -7.9%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 229,039,000$221.7MAdd +32.8%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 223,365,000$221.3MAdd +7.5%
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal 261,640,000$214.3MAdd +0.4%
SEMTECH CORP (SMTC 1.625 11/01/27) NOTE 1.625%11/0 · principal 119,970,000$212.4MAdd +42.1%
CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal 171,152,000$204.8MAdd +1.4%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 169,247,000$186.5MReduce -3.4%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 158,074,000$163.3MAdd +19.5%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 139,283,000$152.0MAdd +1.5%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 159,292,000$149.2MNo change
RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 157,312,000$146.0MNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 132,000,000$143.5MNew
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal 148,162,000$137.5MAdd +18.2%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 96,605,000$134.8MAdd +11.9%
ETSY INC (ETSY 0.125 09/01/27) NOTE 0.125% 9/0 · principal 152,790,000$132.0MReduce -0.7%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 115,560,000$127.5MNo change
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 135,775,000$126.2MAdd +9.9%
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 118,700,000$125.9MAdd +7.0%
CAMTEK LTD/ISRAEL (CAMT 0 12/01/26) NOTE 12/0 · principal 82,717,000$124.1MReduce -4.2%
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal 128,703,000$122.5MNo change
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 85,040,000$120.9MAdd +13.3%
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 113,850,000$119.8MAdd +1.1%
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 141,500,000$116.5MReduce -1.4%
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 57,333,000$115.6MNew
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal 93,575,000$112.0MAdd +12.5%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 122,425,000$108.3MAdd +70.9%
PAGERDUTY INC. (PD 1.5 10/15/28 *) NOTE 1.500%10/1 · principal 106,786,000$104.3MNew
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal 120,100,000$102.9MNew
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 113,046,000$101.2MAdd +76.2%
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 122,816,000$101.1MAdd +15.4%
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal 115,223,000$100.1MAdd +0.9%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 90,606,000$99.9MReduce -11.7%
LIVENT CORP (LTHM 4.125 07/15/25) NOTE 4.125% 7/1 · principal 67,977,000$99.2MNo change
WAYFAIR INC (W 1 08/15/26) NOTE 1.000% 8/1 · principal 106,518,000$98.7MReduce -18.5%
CANADIAN SOLAR INC (CSIQ 2.5 10/01/25) NOTE 2.500%10/0 · principal 101,231,000$94.6MNo change
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) NOTE 11/0 · principal 99,401,000$94.6MReduce -22.3%
CHEGG INC (CHGG 0.125 03/15/25) NOTE 0.125% 3/1 · principal 94,838,000$92.6MAdd +0.0%
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal 67,000,000$91.5MNew
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 65,648,000$90.9MAdd +285326.1%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 100,993,000$90.0MAdd +8.7%
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 84,913,000$89.0MReduce -33.5%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 102,235,000$87.5MAdd +15.9%
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 93,991,000$87.4MAdd +7.0%
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 93,327,000$87.1MReduce -28.6%
JAMF HOLDING CORP (JAMF 0.125 09/01/26) NOTE 0.125% 9/0 · principal 91,540,000$83.7MNo change
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 90,571,000$82.7MReduce -15.6%
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 40,931,000$80.4MAdd +227.4%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 83,930,000$80.3MAdd +1.6%
ENPHASE ENERGY INC (ENPH 0 03/01/26) NOTE 3/0 · principal 85,644,000$80.2MNo change
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal 76,741,000$78.7MNew
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 73,228,000$77.8MNew
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 27,957,000$70.3MAdd +9.8%
WEIBO CORP (WB 1.375 12/01/30) NOTE 1.375%12/0 · principal 60,926,000$67.1MNew
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 66,320,000$66.9MNo change
VERINT SYSTEMS INC (VRNT 0.25 04/15/26) NOTE 0.250% 4/1 · principal 69,991,000$65.8MNo change
CALLAWAY GOLF CO (CALY 2.75 05/01/26) NOTE 2.750% 5/0 · principal 67,203,000$65.2MNo change
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal 67,126,000$64.8MReduce -45.3%
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) NOTE 1.500%10/1 · principal 56,220,000$64.8MReduce -7.4%
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal 52,292,000$64.7MNo change
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 67,896,000$63.9MNo change
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 47,440,000$63.4MReduce -2.3%
EVENTBRITE INC (EB 0.75 09/15/26) NOTE 0.750% 9/1 · principal 71,331,000$62.6MNo change
HEALTH CATALYST INC (HCAT 2.5 04/15/25) NOTE 2.500% 4/1 · principal 63,360,000$62.6MReduce -9.9%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 57,507,000$62.2MReduce -56.5%
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 70,804,000$62.0MAdd +22.1%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 57,239,000$60.8MReduce -21.5%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 56,400,000$59.1MReduce -8.9%
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) NOTE 1.500% 2/1 · principal 60,528,000$58.7MAdd +0.7%
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal 62,068,000$58.7MAdd +123.7%
NIO INC (NIO 0.5 02/01/27) NOTE 0.500% 2/0 · principal 59,063,000$58.5MReduce -24.2%
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) NOTE 1.500% 9/1 · principal 49,979,000$55.8MAdd +23.5%
ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) NOTE 4.000% 3/1 · principal 55,015,000$55.8MAdd +18.4%
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal 60,563,000$55.3MNo change
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 41,700,000$52.7MAdd +4289.5%
PROS HOLDINGS INC (PRO 2.25 09/15/27) NOTE 2.250% 9/1 · principal 54,834,000$52.3MAdd +2.9%
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal 57,802,000$52.1MAdd +12.3%
NEOGENOMICS INC (NEO 0.25 01/15/28) NOTE 0.250% 1/1 · principal 59,576,000$50.2MAdd +9.2%
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 38,392,000$48.3MNew
NOVOCURE LTD (NVCR 0 11/01/25) NOTE 11/0 · principal 49,961,000$47.7MAdd +2.0%
MITEK SYSTEMS INC (MITK 0.75 02/01/26) NOTE 0.750% 2/0 · principal 48,749,000$47.0MNo change
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 49,624,000$46.3MReduce -0.1%
PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) NOTE 3.250% 4/0 · principal 17,140,000$43.1MAdd +13.2%
RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal 43,638,000$41.5MAdd +17.5%
VAREX IMAGING CORPORATIO (VREX 4 06/01/25) NOTE 4.000% 6/0 · principal 40,532,000$40.5MReduce -1.5%
Q2 HOLDINGS INC (QTWO 0.125 11/15/25) NOTE 0.125%11/1 · principal 39,595,000$39.3MNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 39,558,000$39.1MAdd +4.2%
EZCORP INC (EZPW 2.375 05/01/25) NOTE 2.375% 5/0 · principal 38,324,000$38.3MAdd +0.1%
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 37,842,000$37.2MNo change
CERENCE INC (CRNC 1.5 07/01/28) NOTE 1.500% 7/0 · principal 52,500,000$35.6MNo change
TRIPADVISOR INC (TRIP 0.25 04/01/26) NOTE 0.250% 4/0 · principal 37,357,000$35.0MNo change
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal 35,244,000$32.6MReduce -41.5%
APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) NOTE 3.500% 9/1 · principal 27,838,000$32.2MAdd +27.9%
ACCOLADE INC (ACCD 0.5 04/01/26) NOTE 0.500% 4/0 · principal 32,083,000$30.2MNo change
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 31,681,000$29.3MNew
LIVEPERSON INC (LPSN 0 12/15/26) NOTE 12/1 · principal 86,158,000$28.6MNo change
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 28,486,000$27.9MAdd +107.4%
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 3,384,718$27.8MNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 22,607,000$27.7MAdd +751.8%
NEOGENOMICS INC (NEO 1.25 05/01/25) NOTE 1.250% 5/0 · principal 28,111,000$27.6MReduce -28.1%
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 25,458,000$25.3MReduce -66.3%
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) NOTE 0.750% 8/0 · principal 25,916,000$25.2MAdd +0.1%
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 24,500,000$25.1MReduce -50.5%
OIL STATES INTL INC (OIS 4.75 04/01/26) NOTE 4.750% 4/0 · principal 25,196,000$24.6MAdd +3.4%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 23,578,000$23.3MReduce -23.4%
CERENCE INC (CRNC 3 06/01/25) NOTE 3.000% 6/0 · principal 21,242,000$20.9MReduce -22.0%
PAGERDUTY INC. (PD 1.25 07/01/25) NOTE 1.250% 7/0 · principal 19,010,000$18.4MNo change
MAGNITE INC (MGNI 0.25 03/15/26) NOTE 0.250% 3/1 · principal 19,000,000$17.7MNo change
TANDEM DIABETES CARE INC (TNDM 1.5 05/01/25) NOTE 1.500% 5/0 · principal 16,374,000$16.1MReduce -8.4%
INOTIV INC (NOTV 3.25 10/15/27) NOTE 3.250%10/1 · principal 40,725,000$15.5MNo change
INFINERA CORP (INFN 3.75 08/01/28) NOTE 3.750% 8/0 · principal 13,235,000$15.5MNo change
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 19,115,000$14.8MNo change
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 14,950,000$14.4MAdd +49.5%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 9,303,000$12.7MReduce -75.3%
BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28) NOTE 4.250% 6/1 · principal 7,315,000$12.6MNo change
MESA LABORATORIES INC (MLAB 1.375 08/15/25) NOTE 1.375% 8/1 · principal 12,929,000$12.6MReduce -3.7%
OMNICELL INC (OMCL 0.25 09/15/25) NOTE 0.250% 9/1 · principal 12,366,000$11.9MReduce -77.4%
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) NOTE 0.750% 8/0 · principal 12,000,000$11.4MNew
WORKIVA INC (WK 1.125 08/15/26) NOTE 1.125% 8/1 · principal 7,300,000$10.3MNo change
RAPID7 INC (RPD 2.25 05/01/25) NOTE 2.250% 5/0 · principal 10,240,000$10.1MNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 10,000,000$9.3MReduce -75.0%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 10,000,000$9.0MNew
PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) NOTE 2.875% 4/1 · principal 4,450,000$7.7MReduce -84.8%
APPLIED OPTOELECTRONICS INC NOTE 2.750% 1/1 · principal 6,500,000$7.2MNew
8X8 INC (EGHT 4 02/01/28) NOTE 4.000% 2/0 · principal 7,733,000$6.6MNo change
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 5,000,000$4.3MReduce -96.0%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 3,750,000$4.1MAdd +2948.8%
ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) NOTE 1.750% 6/1 · principal 2,313,000$3.6MNo change
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal 3,000,000$3.0MNo change
JBT MAREL CORP (JBTM 0.25 05/15/26) NOTE 0.250% 5/1 · principal 2,948,000$2.9MNo change
VEECO INSTRUMENTS INC (VECO 3.5 01/15/25) NOTE 3.500% 1/1 · principal 2,200,000$2.5MNo change
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 1,768,000$1.8MNo change
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 744,543$1.5MNo change
IQIYI INC (IQ 2 04/01/25) NOTE 2.000% 4/0 · principal 1,500,000$1.5MNo change
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 1,750,000$1.5MReduce -95.3%
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 505,000$1.3MNew
CNCKW Coincheck Group NV *W EXP 12/11/202 444,735$867KNew
ALVOW Alvotech SA -27 *W EXP 99/99/999 261,490$863KReduce -4.3%
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) NOTE 2.750% 5/1 · principal 597,000$657KReduce -97.8%
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 10,000$630KReduce -99.2%
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 1,250,000$613KAdd +66.7%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 438,000$564KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 1,055,000$375KNew
Colombier Acquisition - 29 *W EXP 11/24/202 216,665$327KNew
PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) NOTE 2.250% 2/1 · principal 250,000$283KNo change
PLMWF Plum Acquisition Corp. III-CW *W EXP 03/31/202 1,500,000$250KNew
PSQH.WS Colombier Acq Class A -CW28 *W EXP 07/19/202 275,024$209KNo change
MRNOW Murano Global BV-28 *W EXP 03/19/202 749,999$177KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 1,000,000$156KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 666,667$153KNew
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 550,001$149KNew
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal 179,000$148KNew
TALKW Hudson Executive Inv -CW25 *W EXP 06/21/202 1,071,902$143KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 499,999$142KAdd +100.0%
BSIIW Black Spade Acquisition -30 *W EXP 02/15/202 301,207$136KNew
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 750,000$109KNo change
CRTWF Cartica Acquisition A -28 *W EXP 04/30/202 300,000$90KNo change
AIRJW Power & Digital Acq -CW24 *W EXP 03/15/202 79,845$89KNo change
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 399,999$89KNo change
CDROW Codere Online Luxembou -CW *W EXP 11/23/202 144,407$87KReduce 0.0%
CRGOW Freightos Ltd.-CW28 *W EXP 99/99/999 487,500$84KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 500,000$83KNo change
GBGWF Global Blue Group Holding AG *W EXP 08/28/202 2,144,522$80KNo change
CRMLW Critical Metals Corp.-28 *W EXP 02/27/202 299,999$77KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 450,001$68KNo change
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 150,000$68KNew
SKGRW SK Growth Opportunities -29 *W EXP 06/28/202 108,000$63KNo change
BDMDW Baird Medical Investment -28 *W EXP 10/01/202 250,000$61KNew
RFACR RF Acquisition Corp.- Rights RIGHT 05/01/2028 375,000$52KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 360,400$50KNew
XBPEW CF Acquisition Viii A -CW27 *W EXP 11/30/202 1,040,133$46KNo change
LMND.WS Lemonade Inc.-28 *W EXP 02/09/202 324,359$44KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 224,999$44KNew
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 100,000$44KNew
RDZNW Vahanna Tech Edge -CW24 *W EXP 11/30/202 249,999$43KNo change
ATMVR Alphavest Acquisition Co.-RT RIGHT 01/22/2026 300,000$42KNo change
BOWNR Bowen Acquisition Corp.-RTS RIGHT 99/99/9999 250,000$42KNo change
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 1,138,687$42KNo change
TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 649,999$40KNo change
AMBWQ Ambipar Emergency Respons-28 *W EXP 03/03/202 123,683$39KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 05/23/202 899,999$36KNo change
ABPWW Atlantic Coast Acq -CW23 *W EXP 11/12/202 499,999$32KNew
HPAIW Helport AI Ltd. -29 *W EXP 03/31/202 133,265$31KNo change
CLRRF Climaterock -RTS RIGHT 10/31/2028 300,000$28KNo change
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 249,999$24KNo change
VSEEW Digital Health Acquist-CW23 *W EXP 99/99/999 500,000$23KNo change
MARXR Mars Acquisition Corp.-Rights RIGHT 99/99/9999 60,000$22KNo change
XAGEW Alpha Healthcare Acquis-CW27 *W EXP 07/12/202 371,248$21KNo change
PITWF Heramba Electric PLC-28 *W EXP 07/26/202 367,855$20KNo change
MLECW Moolec Science SA *W EXP 12/30/202 594,637$19KNo change
NVNWF Nvni Group Ltd.-28 *W EXP 11/01/202 249,999$18KNo change
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 194,210$18KNo change
ZOOZW Zooz Strategy Ltd.-29 *W EXP 04/02/202 254,999$18KNo change

Largest 200 of 226 shown.

Total filed on the 13F, all lines: $12.1B.

Portfolio Sells Q3 2024 → Q4 2024
USAR USA Rare Earth Inc. Sold out 0.00% −6.17
CLBR.U Colombier Acquis Corp. II Sold out 0.00% −3.88
ALCYF Alchemy Investments Acquisit Sold out 0.00% −3.13
ANSCU Agriculture & Natural Soluti Sold out 0.00% −3.05
LEGT.U Legato Merger Corp. III Sold out 0.00% −2.67
CCIXU Churchill Capital Corp. Ix Sold out 0.00% −2.36
BOWN Bowen Acquisition Corp. Sold out 0.00% −1.55
SBXC Silverbox Corp. III-A Sold out 0.00% −0.92
ESHA Esh Acquisition Corp. Class A Sold out 0.00% −0.61
OKLO Oklo Inc. Sold out 0.00% −0.47
ULS Ul Solutions Inc. Class A Reduce -22.6% 0.10% −0.12
ABPWW Atlantic Coastal Aqstn Corp. Sold out 0.00% −0.01

Portfolio Buys Q3 2024 → Q4 2024
DDOG Datadog Inc. Class A New 6.13% +6.13
TONT Graf Global Corp. Class A New 4.99% +4.99
DYNC Dynamix Corp. New 3.55% +3.55
CCIRU Cohen Circle Acquisition Cor New 3.33% +3.33
GSRTU GSR III Acquisition Corp. New 3.30% +3.30
LPBBU Launch Two Acquisition Corp. New 3.30% +3.30
ALDFU Aldel Financial II Inc. New 3.15% +3.15
NTWOU Newbury Street II Acquisitio New 2.97% +2.97
MLACU Mountain Lake Acquisition Co. New 2.89% +2.89
BEAGU Bold Eagle Acquisition Corp. New 2.66% +2.66
JACS.U Jackson Acquisition Co. II New 2.65% +2.65
COLOMBIER ACQUISITION CORP New 2.52% +2.52
BORR Borr Drilling Ltd. New 2.08% +2.08
OACCU Oaktree Acquisition III Life New 2.01% +2.01
TDACU Translational Development Ac New 1.98% +1.98
ANSC Agriculture & Natural Soluti New 1.73% +1.73
BACQU Bleichroeder Acquisition Cor New 1.66% +1.66
RANGU Range Capital Acquisition Co. New 1.66% +1.66
LEGT Legato Merger Corp. III New 1.53% +1.53
WLACU Willow Lane Acquisition Corp. New 1.40% +1.40
CCIX Churchill Capital Corp. Ix New 1.37% +1.37
FACTU Fact II Acquisition Corp. New 0.99% +0.99
DRDBU Roman DBDR Acquisition Corp. New 0.99% +0.99
SKGR SK Growth Opportunities Co. Class A Add +233.3% 1.91% +0.94
TAVIU Tavia Acquisition Corp. New 0.83% +0.83
CNCK Coincheck Group NV New 0.46% +0.46
MAXNQ Maxeon Solar Technologie New 0.06% +0.06
LEAFLY HOLDINGS INC New 0.00% +0.00

Notes & Other Activity Q3 2024 → Q4 2024
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal Add +38.4% 323,112,000 $668.7M
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal New 369,652,000 $490.6M
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal Add +1.5% 327,445,000 $295.1M
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal Add +7.3% 236,770,000 $271.0M
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal Add +5.9% 89,269,000 $260.8M
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal Add +68.0% 243,410,000 $252.0M
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal Reduce -15.8% 112,518,000 $244.5M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal Add +3.2% 286,119,000 $244.2M
MONGODB INC (MDB 0.25 01/15/26) NOTE 0.250% 1/1 · principal Sold out 164,975,000 $227.8Mbefore exit
UNITED STATES STEEL CORP (X 5 11/01/26) NOTE 5.000%11/0 · principal Reduce -7.9% 87,461,000 $225.0M
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal Sold out 247,745,000 $224.2Mbefore exit
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Add +32.8% 229,039,000 $221.7M
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal Add +7.5% 223,365,000 $221.3M
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal Add +0.4% 261,640,000 $214.3M
SEMTECH CORP (SMTC 1.625 11/01/27) NOTE 1.625%11/0 · principal Add +42.1% 119,970,000 $212.4M
CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal Add +1.4% 171,152,000 $204.8M
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal Reduce -3.4% 169,247,000 $186.5M
LIVONGO HEALTH (TDOC 0.875 06/01/25) NOTE 0.875% 6/0 · principal Sold out 186,476,000 $180.8Mbefore exit
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal Add +19.5% 158,074,000 $163.3M
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal Add +1.5% 139,283,000 $152.0M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal New 132,000,000 $143.5M
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal Add +18.2% 148,162,000 $137.5M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal Sold out 154,159,000 $136.7Mbefore exit
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Add +11.9% 96,605,000 $134.8M
ETSY INC (ETSY 0.125 09/01/27) NOTE 0.125% 9/0 · principal Reduce -0.7% 152,790,000 $132.0M
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal Sold out 88,900,000 $131.0Mbefore exit
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal Add +9.9% 135,775,000 $126.2M
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal Add +7.0% 118,700,000 $125.9M
CAMTEK LTD/ISRAEL (CAMT 0 12/01/26) NOTE 12/0 · principal Reduce -4.2% 82,717,000 $124.1M
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal Add +13.3% 85,040,000 $120.9M
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal Add +1.1% 113,850,000 $119.8M
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal Reduce -1.4% 141,500,000 $116.5M
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal New 57,333,000 $115.6M
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal Add +12.5% 93,575,000 $112.0M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal Add +70.9% 122,425,000 $108.3M
PAGERDUTY INC. (PD 1.5 10/15/28 *) NOTE 1.500%10/1 · principal New 106,786,000 $104.3M
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal New 120,100,000 $102.9M
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Add +76.2% 113,046,000 $101.2M
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal Add +15.4% 122,816,000 $101.1M
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal Add +0.9% 115,223,000 $100.1M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal Reduce -11.7% 90,606,000 $99.9M
WAYFAIR INC (W 1 08/15/26) NOTE 1.000% 8/1 · principal Reduce -18.5% 106,518,000 $98.7M
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) NOTE 11/0 · principal Reduce -22.3% 99,401,000 $94.6M
CHEGG INC (CHGG 0.125 03/15/25) NOTE 0.125% 3/1 · principal Add +0.0% 94,838,000 $92.6M
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal New 67,000,000 $91.5M
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal Add +285326.1% 65,648,000 $90.9M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal Add +8.7% 100,993,000 $90.0M
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal Reduce -33.5% 84,913,000 $89.0M
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal Add +15.9% 102,235,000 $87.5M
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal Add +7.0% 93,991,000 $87.4M

Showing the first 50 of 182.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 245$2.3BGOOG, GOOGL, HOOD, SBXDF, CUB
Q1 2026 211$1.7BSBXDF, IPCX, CRGY, TVAI, ZKP
Q4 2025 159$1.3BZTS, FTW, SBXDF, IPCX, TVAI
Q3 2025 126$1.1BFTW, NVMI, SBXDF, IPCX, BXP
Q2 2025 106$952.4MNET, FTW, ARES ACQUISITION CORP II, WEC, CYBR
Q1 2025 53$457.5MMCHP, FTW, ARES ACQUISITION CORP II, IMSR, SBXDF
Q4 2024 38$303.2MFTW, ARES ACQUISITION CORP II, SBXDF, DDOG, TONT
Q3 2024 23$174.0MFTW.U, ARES ACQUISITION CORP II, SBXUF, TONT.U, USAR
Q2 2024 19$106.3MARES ACQUISITION CORP II, TONT.U, USAR, NETD, HAYMAKER ACQUISITION CORP 4
Q1 2024 25$116.4MARES ACQUISITION CORP II, PLAOF, SCRM, USAR, NETD