Linden Advisors LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Linden Advisors LP reported 159 stock positions worth $1.3 billion. Its top holding was Zoetis (ZTS) at 2.4% of the portfolio, followed by Eqv Ventures Acquisition C-A (FTW, 2.4%) and Silverbox Corp. IV-A (SBXDF, 1.6%). Compared with Q3 2025, it opened 48 new positions, sold out of 15, added to 8 and reduced 3. The biggest buy was a new position in Zoetis (ZTS) and the biggest sale an exit from Nova (NVMI).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001279396
Portfolio Value
$1.3B (Q4 2025)
SEC Filing
0001193125-26-053352 ↗ filed Feb 17, 2026

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 Q4 2024 Q1 2025: $457.5M Q1 2025 Q2 2025: $952.4M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.3B $1.3B Q4 2025 Q1 2026: $1.7B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 159 stocks · $1.3B
ZTS Zoetis Inc. 2.43% 255,200 $32.1M New
FTW Eqv Ventures Acquisition C-A 2.39% 3,009,198 $31.6M No change
SBXDF Silverbox Corp. IV-A 1.60% 2,000,000 $21.2M No change
IPCX Inflection Point Acquisiti-A 1.43% 1,865,000 $18.9M No change
TVAI Thayer Ventures Acquis Class A 1.34% 1,750,000 $17.7M No change
RNGT Range Capital Acquisit Class A 1.31% 1,729,896 $17.3M New
TLNC Talon Capital Corp. Class A 1.24% 1,622,152 $16.4M Add +8.1%
TONT Graf Global Corp. Class A 1.22% 1,500,000 $16.1M No change
JENA Jena Acquisition Corp. II - A 1.20% 1,550,000 $15.8M No change
PMTR Perimeter Acquis Corp. I Class A 1.17% 1,500,000 $15.4M No change
TACO Berto Acquisition Corp. 1.15% 1,500,000 $15.2M Add +20.0%
EGHA Egh Acquisition Co. Class A 1.15% 1,500,000 $15.2M No change
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 1.15% 1,463,732 $15.1M Add +20.6%
SCIIU SC II Acquisition Corp. 1.14% 1,498,500 $15.1M New
IRHOU Iron Horse Acquisition II Co. 1.13% 1,500,000 $14.9M New
MKLY McKinley Acquisition Co. Class A 1.09% 1,445,000 $14.4M No change
CCII Cohen Circle Acquisit II - A 1.08% 1,394,511 $14.3M No change
KCHV Kochav Defense Acquisition-A 1.07% 1,400,000 $14.2M No change
LPBB Launch Two Acquisition Class A 1.03% 1,296,800 $13.6M No change
DSACU Daedalus Special Acquisition 1.03% 1,350,000 $13.6M New
RDAG Republic Digital Acquis Class A 1.01% 1,325,023 $13.4M No change
KFII K&F Growth Acquisition Cor-A 0.98% 1,250,000 $12.9M No change
GTEN Gores Holdings X Inc. Class A 0.95% 1,225,000 $12.6M No change
MESHU Meshflow Acquisition Corp. 0.95% 1,250,000 $12.5M New
OTGA Otg Acquisition Corp. I Class A 0.95% 1,250,000 $12.5M No change
GSRF GSR IV Acquisition Corp. Class A 0.94% 1,250,000 $12.5M No change
BIXI Bitcoin Infrastructure Class A 0.93% 1,250,000 $12.3M New
NPAC New Providence Acquisition-A 0.93% 1,200,000 $12.3M No change
TACH Titan Acquisition Corp. Class A 0.93% 1,200,000 $12.3M No change
CCIX Churchill Capital Corp. Ix 0.92% 1,150,000 $12.2M No change
BEAG Bold Eagle Acquisition Cor-A 0.92% 1,150,000 $12.2M No change
CRANU Crane Harbor Acquisition Cor 0.91% 1,200,000 $12.1M New
HCMA HCM III Acquisition Cor Class A 0.91% 1,200,000 $12.1M Add +20.0%
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.91% 1,200,000 $12.1M No change
JACS Jackson Acquisition Co. Class A 0.91% 1,150,000 $12.0M No change
EVOX Evolution Global Acquis Class A 0.90% 1,201,000 $11.9M New
OYSE Oyster Enterprises II Acq-A 0.88% 1,150,000 $11.6M No change
PAII Pyrophyte Acquisition Corp. Class A 0.88% 1,150,000 $11.6M No change
RAC Rithm Acquisition Corp. Class A 0.86% 1,100,000 $11.4M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.86% 1,100,000 $11.3M No change
BDCI BTC Development Corp. Class A 0.85% 1,125,000 $11.3M No change
WENN Wen Acquisition Corp. Class A 0.84% 1,100,000 $11.1M Add +22.2%
MBVI M3-Brigade Acquisition Class A 0.83% 1,100,000 $11.0M No change
AEAQU Activate Energy Acquisition 0.83% 1,100,000 $11.0M New
ALF Centurion Acquisition Corp. 0.81% 1,000,000 $10.7M No change
TVA Texas Ventures Acquisition-A 0.81% 1,000,000 $10.7M No change
POLE Andretti Acquisition Corp. Class A 0.80% 1,000,000 $10.5M Add +233.3%
ATII Archimedes Tech Spac Partner 0.78% 1,000,000 $10.4M No change
AACB Artius II Acquisition Inc. Class A 0.78% 1,000,000 $10.3M No change
EVAC Eqv Ventures Acquisition C-A 0.78% 1,025,000 $10.3M No change
CEPF Cantor Equity Partners Class A 0.78% 1,000,000 $10.3M No change
HAYMAKER ACQUISITION CORP 4 0.77% 900,000 $10.2M No change
CCXIU Churchill Capital Corp. Xi 0.77% 1,000,000 $10.2M New
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 0.77% 1,000,000 $10.2M No change
ALUB.U Alussa Energy Acquisition Co. 0.76% 1,000,000 $10.1M New
SBXE.U Silverbox Corp. V 0.76% 1,000,000 $10.1M New
PACH Pioneer Acquisition I Class A 0.76% 1,000,000 $10.1M No change
ALDF Aldel Financial II Inc. 0.76% 950,000 $10.0M No change
IGAC Invest Green Acquisitio Class A 0.74% 1,000,000 $9.8M New
AEXA American Exceptionalism Class A 0.73% 850,000 $9.7M No change
PCAP Procap Acquisition Corp. Class A 0.73% 950,000 $9.6M No change
VCIC Vine Hill Capital Class A 0.72% 888,000 $9.6M No change
LWAC Lightwave Acquisition Corp. Class A 0.72% 950,000 $9.5M No change
NTWO Newbury Street II Ac Class A 0.71% 900,000 $9.4M No change
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.70% 900,000 $9.3M No change
MLAC Mountain Lake Acquisition-A 0.69% 875,000 $9.1M No change
IPEX Inflection Point Acquisition 0.68% 875,716 $9.0M Add +9.5%
TWLVU Twelve Seas Investment Co. II 0.68% 900,000 $9.0M New
SPEG Silver Pegasus Acquisition-A 0.65% 850,000 $8.6M No change
GPAT GP-Act III Acquisition-A 0.65% 797,584 $8.5M No change
DYNC Dynamix Corp. 0.64% 819,611 $8.4M No change
APXT Apex Treasury Corp. Class A 0.64% 850,000 $8.4M New
SDHI Siddhi Acquisition Corp. Class A 0.62% 800,000 $8.2M No change
XRPN Armada Acquisition Class A 0.62% 800,000 $8.2M No change
MRLN Merlin Inc. filed as INFLECTION POINT ACQUISITION 0.61% 750,000 $8.0M No change
VHCPU Vine Hill Capital Investment 0.61% 800,000 $8.0M New
ITHAU Ithax Acquisition Corp. III 0.60% 800,000 $8.0M New
BACC Blue Acquisition Corp. Class A 0.60% 775,000 $7.9M Add +6.9%
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.58% 750,000 $7.7M No change
GTERA Globa Terra Acquisition Co. Class A 0.58% 760,850 $7.7M No change
SAC.U Safeguard Acquisition Corp. 0.57% 750,000 $7.6M New
GPACU General Purpose Acquisition 0.57% 750,000 $7.5M New
BLRKU Bluerock Acquisition Corp. 0.57% 750,000 $7.5M New
HVMC Highview Merger Corp. Class A 0.57% 750,000 $7.5M No change
EMIS Emmis Acquisition Corp. Class A 0.57% 750,000 $7.5M No change
LATA Galata Acqu Corp. II Class A 0.57% 750,000 $7.5M No change
SVAQU Silicon Valley Acquisition C 0.56% 750,000 $7.5M New
PLMK Plum Acquisition Corp. IV 0.55% 700,000 $7.3M No change
NWAX.U New America Acquisition I Co. 0.55% 700,000 $7.3M New
SVCC Stellar V Capital Corp. Class A 0.55% 700,000 $7.3M No change
CRAQ Cal Redwood Acquisit Class A 0.54% 700,000 $7.1M No change
HCACU Hall Chadwick Acquisition Co. 0.53% 700,000 $7.0M New
NHIC Newhold Investment Cor III-A 0.53% 675,000 $7.0M No change
NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I 0.52% 700,000 $6.9M New
TDWD Tailwind 2.0 Acquisitio Class A 0.52% 700,000 $6.9M New
AXIN Axiom Intelligence Class A 0.50% 650,000 $6.5M No change
DYOR Insight Digital Partners I-A 0.49% 650,000 $6.4M New
OACC Oaktree Acquisition Corp. I-A 0.48% 600,000 $6.4M No change
TDAC Translational Development Ac 0.48% 600,000 $6.3M No change
COLA Columbus Acquisition Corp. 0.47% 600,000 $6.2M New
SZZL Sizzle Acquisition Corp. Class A 0.46% 600,000 $6.1M No change
BCSS Bain Capital GSS Inv- A 0.46% 600,000 $6.0M No change
KBONU Karbon Capital Partners Corp. 0.46% 600,000 $6.0M New
SOCA Solarius Capital Acquis Class A 0.46% 600,000 $6.0M No change
LFACU Leapfrog Acquisition Corp. 0.45% 600,000 $6.0M New
KOYN CSLM Digital Asset Acqu - A 0.45% 600,000 $6.0M No change
DNMX Dynamix Corp. III Class A 0.44% 581,521 $5.8M New
BEBE.U Tge Value Creative Solutions 0.41% 550,000 $5.5M New
RANG Range Capital Acquisition Co. 0.40% 500,000 $5.3M No change
DRDB Roman DBDR Acquisition Corp. 0.39% 500,000 $5.2M No change
ONCH 1RT Acquisition Corp. Class A 0.39% 510,100 $5.2M No change
FERA Fifth Era Acquisition Corp. Class A 0.39% 500,000 $5.1M No change
GSHR Gesher Acquisition Corp. II-A 0.39% 500,000 $5.1M No change
CAEP Cantor Equity Partners III-A 0.39% 500,000 $5.1M No change
SOUL Soulpower Acquisition Co. Class A 0.38% 500,000 $5.1M No change
OBA Oxley Bridge Acquisitio Class A 0.38% 500,000 $5.0M No change
BLZR Trailblazer Acquisition Class A 0.38% 500,000 $5.0M No change
ADACU American Drive Acquisition C 0.38% 500,000 $5.0M New
CHEC Chenghe Acquisition II Class A 0.38% 500,000 $5.0M No change
LPCVU Launchpad Cadenza Acquisitio 0.38% 500,000 $5.0M New
LEGT Legato Merger Corp. III 0.37% 450,000 $4.9M No change
VNME Vendome Acquisition Corp. Class A 0.36% 475,000 $4.8M No change
CEPV Cantor Equity Partners Class A 0.35% 450,000 $4.6M New
CEPO Cantor Equity Partners I-A 0.34% 434,241 $4.5M No change
CEPT Cantor Equity Partners Class A 0.34% 398,700 $4.5M Reduce -0.3%
WTG Wintergreen Acquisition Corp. 0.31% 400,000 $4.1M No change
QUMS Quantumsphere Acquisition Co. 0.30% 400,000 $4.0M No change
CHAC Crane Harbor Acqu Corp. Class A 0.29% 350,000 $3.8M Reduce -12.5%
PELI Pelican Acquisition Corp. 0.28% 370,000 $3.8M No change
SCPQU Social Commerce Partners Cor 0.28% 375,000 $3.8M New
DAAQ Digital Asset Acquisiti Class A 0.24% 311,840 $3.2M No change
FACT Fact II Acquisition Corp. 0.24% 300,000 $3.1M No change
RAAQ Real Asset Acquisiti Class A 0.23% 300,000 $3.1M No change
BCAR D. Boral Arc Acquisit Class A 0.21% 275,000 $2.8M No change
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.20% 250,000 $2.6M New
TAVI Tavia Acquisition Corp. 0.20% 250,000 $2.6M No change
KRSP Rice Acquisition Corp. 3-A 0.19% 250,000 $2.6M New
KYIV Kyivstar Group Ltd. 0.19% 217,932 $2.5M Reduce -12.3%
BPACU Blueport Acquisition Ltd. 0.19% 250,000 $2.5M New
YCY Aa Mission Acquisition-A 0.19% 250,000 $2.5M New
HAVA Harvard Ave Acquisition Class A 0.19% 250,000 $2.5M New
CRAC Crown Reserve Acquisiti Class A 0.19% 250,000 $2.5M New
MMTX Miluna Acquisition Class A 0.19% 250,000 $2.5M New
GIW GIGCAPITAL8 Corp. Class A 0.19% 250,000 $2.5M New
INAC Indigo Acquisition Corp. 0.17% 225,000 $2.3M No change
NKLR Terra Innovatum Global NV 0.16% 454,228 $2.1M New
CHPG Championsgate Acquisitio-A 0.15% 200,000 $2.0M No change
MCGA Yorkville Acquisition Corp. Class A 0.15% 200,000 $2.0M No change
WLAC Willow Lane Acquisition Class A 0.14% 150,000 $1.9M No change
QSEA Quartzsea Acquisition Corp. 0.14% 175,000 $1.8M No change
LAFA Lafayette Acquisition Corp. 0.13% 175,000 $1.7M New
RTAC Renatus Tactical Acquisiti-A 0.12% 150,000 $1.6M No change
FIGX Figx Capital Acquisition C-A 0.11% 150,000 $1.5M No change
LKSP Lake Superior Acquisiti Class A 0.11% 140,000 $1.4M New
FCRS Futurecrest Acquisition Class A 0.08% 100,000 $1.0M No change
CNCK Coincheck Group NV 0.03% 157,170 $396K No change
SPKLF Spark I Acquisition Corp. 0.02% 25,000 $282K No change
BILI Bilibili Inc.-Sponsored ADR 0.02% 11,122 $273K New
DISTOKEN ACQUISITION CORP 0.00% 74,135 $0 No change
Other holdings (313): bonds, preferreds, convertibles and warrants · $14.9B (not counted above)
SecurityClassShares / PrincipalValueChange
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 284,221,000$807.1MAdd +7.1%
CENTRUS ENERGY CORP (LEU 2.25 11/01/30) NOTE 2.250%11/0 · principal 239,902,000$644.0MNew
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 93,336,000$496.0MAdd +4.5%
APPLIED DIGITAL CORP (APLD 2.75 06/01/30) NOTE 2.750% 6/0 · principal 130,435,000$350.9MNew
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 89,731,000$333.0MAdd +5.0%
BILL HOLDINGS INC (BILL 0 04/01/30) NOTE 4/0 · principal 314,207,000$289.5MNew
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal 255,708,000$283.4MNew
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 222,440,000$281.2MAdd +40.0%
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 213,119,000$272.5MAdd +2.3%
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal 261,707,000$263.6MReduce -3.1%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal 249,419,000$251.1MReduce -10.7%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 238,106,000$244.9MReduce -4.0%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 214,048,000$241.0MAdd +22.3%
UPSTART HOLDINGS INC (UPST 2 10/01/29) NOTE 2.000%10/0 · principal 187,145,000$236.8MNew
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 175,450,000$234.0MReduce -39.2%
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal 137,643,000$229.1MAdd +0.6%
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal 82,290,000$226.5MAdd +1.3%
SUNRUN INC (RUN 4 03/01/30) NOTE 4.000% 3/0 · principal 154,261,000$218.6MAdd +30.7%
CLEANSPARK INC (CLSK 0 06/15/30) NOTE 6/1 · principal 209,496,000$217.2MNew
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 139,376,000$216.9MReduce -16.2%
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal 188,600,000$204.3MNew
HAEMONETICS CORP (HAE 2.5 06/01/29) NOTE 2.500% 6/0 · principal 195,904,000$203.6MAdd +20.2%
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal 93,372,000$202.5MAdd +118.4%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 137,397,000$195.1MReduce -5.2%
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 134,690,000$190.4MAdd +19.5%
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 208,038,000$187.5MAdd +0.0%
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal 114,046,000$169.4MAdd +2.7%
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 78,484,000$168.9MReduce -20.1%
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 202,633,000$166.5MNew
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 152,964,000$166.2MAdd +41.6%
CIPHER DIGITAL INC (CIFR 1.75 05/15/30) NOTE 1.750% 5/1 · principal 44,000,000$153.4MReduce -18.5%
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 151,347,000$153.4MNo change
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 158,451,000$151.0MAdd +0.0%
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal 81,820,000$149.7MAdd +39.9%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 78,430,000$148.0MNo change
UPSTART HOLDINGS INC (UPST 1 11/15/30) NOTE 1.000%11/1 · principal 163,302,000$142.7MNew
RIOT PLATFORMS INC (RIOT 0.75 01/15/30) NOTE 0.750% 1/1 · principal 125,924,000$142.4MNew
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 103,952,000$141.9MAdd +190.4%
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 139,175,000$133.4MNo change
SILVERCORP METALS INC NOTE 4.750%12/1 · principal 65,268,000$133.3MNew
IREN LTD (IREN 3.25 06/15/30) NOTE 3.250% 6/1 · principal 51,777,000$127.0MNew
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 55,084,000$126.3MAdd +5.8%
FORTUNA MINING CORP (FVICN 3.75 06/30/29) NOTE 3.750% 6/3 · principal 72,876,000$123.6MAdd +9.2%
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal 85,562,000$122.0MReduce -5.5%
LIVANOVA PLC (LIVN 2.5 03/15/29) NOTE 2.500% 3/1 · principal 102,415,000$118.7MNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 25,867,000$118.7MReduce -60.0%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 108,676,000$111.4MAdd +29.1%
PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) NOTE 2.125% 5/1 · principal 108,720,000$109.6MAdd +2.4%
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 105,639,000$108.4MAdd +3.9%
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal 96,649,000$107.3MNo change
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 121,632,000$106.3MNo change
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal 115,439,000$104.2MReduce -32.2%
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 96,940,000$104.1MNo change
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal 82,575,000$102.6MNo change
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 112,000,000$100.1MReduce -15.2%
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 101,748,000$99.7MNo change
SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) NOTE 4.750% 5/0 · principal 48,669,000$97.5MAdd +7.8%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 58,552,000$96.1MAdd +11.4%
DYNAVAX TECHNOLOGIES CORP DEBT 2.000% 3/1 · principal 86,598,000$90.4MNo change
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 93,200,000$88.4MNo change
PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) NOTE 6.125%10/0 · principal 47,972,000$87.5MNew
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 93,574,000$86.6MNo change
MARA HOLDINGS INC (MARA 0 03/01/30) NOTE 3/0 · principal 106,500,000$83.9MNew
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal 88,548,000$83.3MReduce -0.5%
ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) NOTE 4.000% 3/1 · principal 74,960,000$82.7MNo change
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal 90,836,000$82.3MAdd +1.7%
WEIBO CORP (WB 1.375 12/01/30) NOTE 1.375%12/0 · principal 69,471,000$80.6MReduce -7.3%
TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) NOTE 1.500% 3/1 · principal 78,683,000$80.2MAdd +23.6%
SNAP INC (SNAP 0.5 05/01/30) NOTE 0.500% 5/0 · principal 90,118,000$79.0MReduce -41.9%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 52,327,000$78.4MReduce -53.2%
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal 114,600,000$77.4MNo change
SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) NOTE 2.250% 7/0 · principal 63,338,000$73.8MAdd +12.7%
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal 75,854,000$72.9MAdd +0.1%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 72,275,000$71.5MReduce -42.3%
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 77,858,000$69.5MReduce -70.6%
OMNICELL INC (OMCL 1 12/01/29) NOTE 1.000%12/0 · principal 64,400,000$69.5MNew
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 67,396,000$68.8MNo change
ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) NOTE 4.250%11/1 · principal 44,700,000$67.9MNew
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal 56,274,000$67.8MNo change
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal 54,324,000$65.8MNew
MARA HOLDINGS INC (MARA 0 06/01/31) NOTE 6/0 · principal 69,715,000$58.4MNew
SYNAPTICS INC (SYNA 0.75 12/01/31) NOTE 0.750%12/0 · principal 54,800,000$57.8MNew
RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal 61,138,000$55.8MAdd +8.9%
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 60,130,000$54.0MNew
BLACKBERRY LTD (BBCN 3 02/15/29) NOTE 3.000% 2/1 · principal 41,471,000$52.3MNo change
GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) NOTE 5.250%11/0 · principal 49,508,000$52.2MNew
COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) NOTE 1.625%11/1 · principal 44,100,000$51.7MNew
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 40,500,000$50.9MNew
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 55,278,000$50.6MReduce -70.3%
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 28,262,000$46.1MReduce -0.5%
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 45,586,000$44.7MNo change
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 48,555,000$44.2MAdd +2.5%
ETSY INC (ETSY 0.125 09/01/27) NOTE 0.125% 9/0 · principal 45,982,000$42.7MReduce -30.4%
CERENCE INC (CRNC 1.5 07/01/28) NOTE 1.500% 7/0 · principal 44,725,000$40.3MReduce -21.8%
T1 ENERGY INC (TE 5.25 12/01/30) NOTE 5.250%12/0 · principal 30,950,000$39.5MNew
NIO INC (NIO 3.875 10/15/29) NOTE 3.875%10/1 · principal 41,282,000$39.0MReduce -0.6%
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal 31,127,000$37.5MReduce -19.0%
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal 39,748,000$36.0MReduce -29.4%
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal 35,244,000$34.4MNo change
MARA HOLDINGS INC (MARA 2.125 09/01/31) NOTE 2.125% 9/0 · principal 42,600,000$34.3MAdd +173.1%
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 20,327,000$34.0MReduce -56.2%
SEMTECH CORP (SMTC 1.625 11/01/27) NOTE 1.625%11/0 · principal 16,664,000$33.9MReduce -88.0%
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 24,086,000$33.7MReduce -73.8%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 19,930,000$31.7MNo change
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) NOTE 1.500% 9/1 · principal 19,979,000$29.7MNo change
APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) NOTE 3.500% 9/1 · principal 28,138,000$29.1MNo change
LEMAITRE VASCULAR INC (LMAT 2.5 02/01/30) NOTE 2.500% 2/0 · principal 29,000,000$29.0MNew
PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) NOTE 2.000% 8/1 · principal 28,000,000$28.6MAdd +4.1%
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal 21,650,000$28.3MNew
APPLIED OPTOELECTRONICS INC NOTE 2.750% 1/1 · principal 24,250,000$28.1MNo change
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal 28,700,000$27.2MNo change
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 28,170,000$25.5MNo change
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) NOTE 1.500%10/1 · principal 23,220,000$22.7MNo change
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal 12,852,000$20.5MReduce -89.2%
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 18,000,000$20.2MNew
VARONIS SYSTEM INC (VRNS 1 09/15/29) NOTE 1.000% 9/1 · principal 21,403,000$19.9MAdd +72.3%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 12,993,000$17.3MNo change
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 2,013,335$17.0MReduce -28.4%
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal 17,550,000$16.0MReduce -61.3%
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal 12,486,000$15.7MNo change
VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) NOTE 1.625% 3/1 · principal 10,000,000$13.5MNew
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 12,200,000$13.2MNew
NUTANIX INC (NTNX 0.5 12/15/29) NOTE 0.500%12/1 · principal 13,500,000$13.0MNew
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal 10,843,000$12.7MAdd +1186.2%
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal 8,500,000$8.3MNo change
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) NOTE 0.750% 8/0 · principal 6,314,000$7.9MReduce -0.1%
INOTIV INC (NOTV 3.25 10/15/27) NOTE 3.250%10/1 · principal 31,725,000$7.5MNo change
RAMACO RESOURCES INC (METC 0 11/01/31) NOTE 11/0 · principal 7,280,000$6.2MNew
HERTZ CORP/THE (HTZ 8 07/15/29) NOTE 8.000% 7/1 · principal 4,967,000$5.7MAdd +148.3%
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 2,000,000$5.2MNo change
GREEN PLAINS INC DEBT 5.250%11/0 · principal 4,734,000$5.0MNew
PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) NOTE 2.875% 4/1 · principal 4,450,000$4.5MNo change
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal 4,500,000$3.2MNo change
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal 3,103,000$3.0MReduce -88.4%
OPKO HEALTH INC (OPK 3.75 01/15/29) NOTE 3.750% 1/1 · principal 2,235,000$3.0MNo change
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal 2,653,000$2.9MReduce -80.6%
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 1,755,761$2.7MNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 1,500,000$2.2MNew
BACQR Inflection Point Acquisition RIGHT 11/04/2026 2,275,000$1.7MNo change
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) NOTE 4/0 · principal 1,062,000$1.5MReduce -99.0%
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 168,476$1.3MReduce -38.7%
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 1,400,000$1.1MNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 525,001$945KReduce -4.5%
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 1,121,356$925KNo change
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 1,118,198$751KAdd +272.7%
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 172,252$741KReduce -8.1%
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 450,001$700KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 750,000$656KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 850,000$655KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 1,690,000$642KNo change
SVIAW Procap Financial Inc. *W EXP 12/05/203 908,915$629KNew
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 617,000$616KNew
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 1,487,022$613KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 681,000$596KNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 549,999$542KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 1,055,000$538KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 624,999$511KAdd +66.7%
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 1,198,467$499KNew
ATIIW Archimedes Tech-30 *W EXP 10/15/202 860,962$460KAdd +47.1%
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 456,000$458KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 1,375,000$454KNo change
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 1,672,700$452KAdd +2.3%
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 802,949$442KAdd +60.8%
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 178,571$438KReduce -0.1%
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 2,000,000$430KNo change
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 1,425,000$428KNo change
IMSRW HCM II Acquisition Corp. - 29 *W EXP 10/28/203 194,560$413KNew
EVOXW Evolution Global Acquisition *W EXP 10/22/203 1,005,041$412KNew
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 224,999$405KNo change
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 1,443,732$397KNo change
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 1,500,000$375KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 1,417,000$368KNo change
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 194,210$366KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 750,000$364KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 2,414,026$362KNo change
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 662,511$358KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 1,300,000$351KNo change
PGACR Pantages Capital Acquis-RT RIGHT 11/15/2029 1,500,000$345KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 1,754,801$333KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 1,750,000$315KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 1,175,000$306KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 744,699$298KNo change
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 73,315$290KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,850,000$288KNo change
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 1,200,000$282KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 800,000$268KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 450,000$264KNo change
PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) NOTE 2.250% 2/1 · principal 250,000$258KNo change
DNMXW Dynamix Corp. III *W EXP 10/10/203 744,670$257KNew
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 846,325$256KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 306,249$250KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 470,081$247KNo change
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 366,666$235KNo change
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 475,000$228KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 739,800$227KNew
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 518,875$218KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 950,000$214KNo change
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 294,852$212KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 666,667$210KNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 333,333$210KNo change

Largest 200 of 313 shown.

Total filed on the 13F, all lines: $16.2B.

Portfolio Sells Q3 2025 → Q4 2025
NVMI Nova Ltd. Sold out 0.00% −2.76
BXP BXP Inc. Sold out 0.00% −1.77
JBTM JBT Marel Corp. Sold out 0.00% −1.15
INFQ Infleqtion Inc. Sold out 0.00% −1.04
BRR Columbus Circle Capital Co. Class A Sold out 0.00% −0.96
TCOM Trip.com Group Ltd.-ADR Sold out 0.00% −0.91
ALNY Alnylam Pharmaceuticals Inc. Sold out 0.00% −0.62
LIVEPERSON INC Sold out 0.00% −0.61
ANSC Agriculture & Natural Soluti Sold out 0.00% −0.52
GSRT GSR III Acquisition Corp. Sold out 0.00% −0.39
SBSW Sibanye-Stillwater Ltd.-ADR Sold out 0.00% −0.36
IMSR Terrestrial Energy Inc. Sold out 0.00% −0.33
CHAC Crane Harbor Acqu Corp. Class A Reduce -12.5% 0.29% −0.10
ATRO Astronics Corp. Sold out 0.00% −0.09
KYIV Kyivstar Group Ltd. Reduce -12.3% 0.19% −0.07
CEPT Cantor Equity Partners Class A Reduce -0.3% 0.34% −0.06
CRML Critical Metals Corp. Sold out 0.00% −0.02
GSRTU GSR III Acquisition Corp. Sold out 0.00% −0.01

Portfolio Buys Q3 2025 → Q4 2025
ZTS Zoetis Inc. New 2.43% +2.43
RNGT Range Capital Acquisit Class A New 1.31% +1.31
SCIIU SC II Acquisition Corp. New 1.14% +1.14
IRHOU Iron Horse Acquisition II Co. New 1.13% +1.13
DSACU Daedalus Special Acquisition New 1.03% +1.03
MESHU Meshflow Acquisition Corp. New 0.95% +0.95
BIXI Bitcoin Infrastructure Class A New 0.93% +0.93
CRANU Crane Harbor Acquisition Cor New 0.91% +0.91
EVOX Evolution Global Acquis Class A New 0.90% +0.90
AEAQU Activate Energy Acquisition New 0.83% +0.83
CCXIU Churchill Capital Corp. Xi New 0.77% +0.77
ALUB.U Alussa Energy Acquisition Co. New 0.76% +0.76
SBXE.U Silverbox Corp. V New 0.76% +0.76
IGAC Invest Green Acquisitio Class A New 0.74% +0.74
TWLVU Twelve Seas Investment Co. II New 0.68% +0.68
APXT Apex Treasury Corp. Class A New 0.64% +0.64
VHCPU Vine Hill Capital Investment New 0.61% +0.61
ITHAU Ithax Acquisition Corp. III New 0.60% +0.60
SAC.U Safeguard Acquisition Corp. New 0.57% +0.57
GPACU General Purpose Acquisition New 0.57% +0.57
BLRKU Bluerock Acquisition Corp. New 0.57% +0.57
SVAQU Silicon Valley Acquisition C New 0.56% +0.56
NWAX.U New America Acquisition I Co. New 0.55% +0.55
HCACU Hall Chadwick Acquisition Co. New 0.53% +0.53
NSTR Northstar Earth & Space Ente New 0.52% +0.52
TDWD Tailwind 2.0 Acquisitio Class A New 0.52% +0.52
POLE Andretti Acquisition Corp. Class A Add +233.3% 0.80% +0.50
DYOR Insight Digital Partners I-A New 0.49% +0.49
COLA Columbus Acquisition Corp. New 0.47% +0.47
KBONU Karbon Capital Partners Corp. New 0.46% +0.46
LFACU Leapfrog Acquisition Corp. New 0.45% +0.45
DNMX Dynamix Corp. III Class A New 0.44% +0.44
BEBE.U Tge Value Creative Solutions New 0.41% +0.41
ADACU American Drive Acquisition C New 0.38% +0.38
LPCVU Launchpad Cadenza Acquisitio New 0.38% +0.38
CEPV Cantor Equity Partners Class A New 0.35% +0.35
SCPQU Social Commerce Partners Cor New 0.28% +0.28
HDRN Hadron Energy Inc. New 0.20% +0.20
KRSP Rice Acquisition Corp. 3-A New 0.19% +0.19
BPACU Blueport Acquisition Ltd. New 0.19% +0.19
YCY Aa Mission Acquisition-A New 0.19% +0.19
HAVA Harvard Ave Acquisition Class A New 0.19% +0.19
CRAC Crown Reserve Acquisiti Class A New 0.19% +0.19
MMTX Miluna Acquisition Class A New 0.19% +0.19
GIW GIGCAPITAL8 Corp. Class A New 0.19% +0.19
NKLR Terra Innovatum Global NV New 0.16% +0.16
LAFA Lafayette Acquisition Corp. New 0.13% +0.13
LKSP Lake Superior Acquisiti Class A New 0.11% +0.11
BILI Bilibili Inc.-Sponsored ADR New 0.02% +0.02
WENN Wen Acquisition Corp. Class A Add +22.2% 0.84% −0.02

Notes & Other Activity Q3 2025 → Q4 2025
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Add +7.1% 284,221,000 $807.1M
CENTRUS ENERGY CORP (LEU 2.25 11/01/30) NOTE 2.250%11/0 · principal New 239,902,000 $644.0M
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal Sold out 120,624,000 $546.2Mbefore exit
BLOOM ENERGY CORP (BE 3 06/01/29) NOTE 3.000% 6/0 · principal Sold out 122,915,000 $508.8Mbefore exit
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Add +4.5% 93,336,000 $496.0M
APPLIED DIGITAL CORP (APLD 2.75 06/01/30) NOTE 2.750% 6/0 · principal New 130,435,000 $350.9M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal Add +5.0% 89,731,000 $333.0M
BILL HOLDINGS INC (BILL 0 04/01/30) NOTE 4/0 · principal New 314,207,000 $289.5M
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal New 255,708,000 $283.4M
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal Add +40.0% 222,440,000 $281.2M
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Add +2.3% 213,119,000 $272.5M
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal Reduce -3.1% 261,707,000 $263.6M
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal Reduce -10.7% 249,419,000 $251.1M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal Reduce -4.0% 238,106,000 $244.9M
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal Add +22.3% 214,048,000 $241.0M
UPSTART HOLDINGS INC (UPST 2 10/01/29) NOTE 2.000%10/0 · principal New 187,145,000 $236.8M
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal Sold out 244,980,000 $235.6Mbefore exit
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal Reduce -39.2% 175,450,000 $234.0M
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal Add +0.6% 137,643,000 $229.1M
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal Add +1.3% 82,290,000 $226.5M
SUNRUN INC (RUN 4 03/01/30) NOTE 4.000% 3/0 · principal Add +30.7% 154,261,000 $218.6M
CLEANSPARK INC (CLSK 0 06/15/30) NOTE 6/1 · principal New 209,496,000 $217.2M
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Reduce -16.2% 139,376,000 $216.9M
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal New 188,600,000 $204.3M
HAEMONETICS CORP (HAE 2.5 06/01/29) NOTE 2.500% 6/0 · principal Add +20.2% 195,904,000 $203.6M
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal Add +118.4% 93,372,000 $202.5M
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal Reduce -5.2% 137,397,000 $195.1M
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal Add +19.5% 134,690,000 $190.4M
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Add +0.0% 208,038,000 $187.5M
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal Add +2.7% 114,046,000 $169.4M
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal Reduce -20.1% 78,484,000 $168.9M
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal New 202,633,000 $166.5M
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal Add +41.6% 152,964,000 $166.2M
CIPHER DIGITAL INC (CIFR 1.75 05/15/30) NOTE 1.750% 5/1 · principal Reduce -18.5% 44,000,000 $153.4M
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal Add +0.0% 158,451,000 $151.0M
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal Add +39.9% 81,820,000 $149.7M
RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal Sold out 156,062,000 $146.9Mbefore exit
UPSTART HOLDINGS INC (UPST 1 11/15/30) NOTE 1.000%11/1 · principal New 163,302,000 $142.7M
RIOT PLATFORMS INC (RIOT 0.75 01/15/30) NOTE 0.750% 1/1 · principal New 125,924,000 $142.4M
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal Add +190.4% 103,952,000 $141.9M
SILVERCORP METALS INC NOTE 4.750%12/1 · principal New 65,268,000 $133.3M
IREN LTD (IREN 3.25 06/15/30) NOTE 3.250% 6/1 · principal New 51,777,000 $127.0M
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal Add +5.8% 55,084,000 $126.3M
FORTUNA MINING CORP (FVICN 3.75 06/30/29) NOTE 3.750% 6/3 · principal Add +9.2% 72,876,000 $123.6M
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal Reduce -5.5% 85,562,000 $122.0M
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Reduce -60.0% 25,867,000 $118.7M
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Add +29.1% 108,676,000 $111.4M
PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) NOTE 2.125% 5/1 · principal Add +2.4% 108,720,000 $109.6M
PAGERDUTY INC. (PD 1.5 10/15/28 *) NOTE 1.500%10/1 · principal Sold out 111,736,000 $109.5Mbefore exit
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal Add +3.9% 105,639,000 $108.4M

Showing the first 50 of 185.

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