Linden Advisors LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Linden Advisors LP reported 211 stock positions worth $1.7 billion. Its top holding was Silverbox Corp. IV-A (SBXDF) at 1.2% of the portfolio, followed by Inflection Point Acquisiti-A (IPCX, 1.1%) and Crescent Energy Class A (CRGY, 1.0%). Compared with Q4 2025, it opened 60 new positions, sold out of 7, added to 5 and reduced 8. The biggest buy was a new position in Crescent Energy Class A (CRGY) and the biggest sale an exit from Zoetis (ZTS).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001279396
Portfolio Value
$1.7B (Q1 2026)
SEC Filing
0001193125-26-225528 ↗ filed May 15, 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 Q4 2025 Q1 2026: $1.7B $1.7B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 211 stocks · $1.7B
SBXDF Silverbox Corp. IV-A 1.24% 2,000,000 $21.4M No change
IPCX Inflection Point Acquisiti-A 1.11% 1,865,000 $19.0M No change
CRGY Crescent Energy Inc. Class A 1.04% 1,326,700 $17.9M New
TVAI Thayer Ventures Acquis Class A 1.04% 1,750,000 $17.9M No change
ZKP Lafayette Digital Acquisitio 1.03% 1,800,000 $17.7M New
IACOU Idea Acquisition Corp. 1.01% 1,750,000 $17.3M New
RNGT Range Capital Acquisit Class A 1.00% 1,729,896 $17.3M No change
TLNC Talon Capital Corp. Class A 0.96% 1,622,152 $16.6M No change
BCAR D. Boral Arc Acquisit Class A 0.94% 1,600,000 $16.2M Add +481.8%
TONT Graf Global Corp. Class A 0.93% 1,500,000 $16.1M No change
JENA Jena Acquisition Corp. II - A 0.93% 1,550,000 $15.9M No change
SORN Soren Acquisition Corp. Class A 0.92% 1,600,000 $15.8M New
ARTC Art Technology Acquisit Class A 0.91% 1,600,000 $15.7M New
BBCQ Bleichroeder Acquis II Class A 0.90% 1,550,000 $15.5M New
TACO Berto Acquisition Corp. 0.89% 1,500,000 $15.4M No change
PMTR Perimeter Acquis Corp. I Class A 0.89% 1,500,000 $15.4M No change
EGHA Egh Acquisition Co. Class A 0.89% 1,500,000 $15.3M No change
IPFXU Inflection Point Acquisition 0.88% 1,500,000 $15.2M New
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.88% 1,463,732 $15.1M No change
GTEN Gores Holdings X Inc. Class A 0.87% 1,475,000 $15.1M Add +20.4%
SCII SC II Acquisition Corp. Class A 0.87% 1,498,500 $15.0M No change
IRHO Iron Horse Acquisitions Corp. 0.86% 1,500,000 $14.8M No change
FGII FG Imperii Acquisition Class A 0.86% 1,500,000 $14.8M New
MLAA Mountain Lake Acquisiti Class A 0.86% 1,500,000 $14.8M New
MKLY McKinley Acquisition Co. Class A 0.84% 1,445,000 $14.5M No change
KCHV Kochav Defense Acquisition-A 0.83% 1,400,000 $14.3M No change
CCII Cohen Circle Acquisit II - A 0.83% 1,394,511 $14.3M No change
AACIU Armada Acquisition Corp. III 0.81% 1,400,000 $14.0M New
XCBE X3 Acquisition Corp. Ltd. Class A 0.80% 1,400,000 $13.8M New
LPBB Launch Two Acquisition Class A 0.80% 1,296,800 $13.8M No change
RDAG Republic Digital Acquis Class A 0.79% 1,325,023 $13.5M No change
AACOU Abony Acquisition Corp. I 0.78% 1,350,000 $13.4M New
DSAC Daedalus Special Acquis Class A 0.78% 1,350,000 $13.4M No change
KFII K&F Growth Acquisition Cor-A 0.76% 1,250,000 $13.1M No change
OTGA Otg Acquisition Corp. I Class A 0.73% 1,250,000 $12.6M No change
GSRF GSR IV Acquisition Corp. Class A 0.73% 1,250,000 $12.5M No change
HACQU HCM IV Acquisition Corp. 0.73% 1,250,000 $12.5M New
FVAV Fortress Value Acquis V Class A 0.73% 1,250,000 $12.5M New
TACH Titan Acquisition Corp. Class A 0.72% 1,200,000 $12.4M No change
BIXI Bitcoin Infrastructure Class A 0.72% 1,250,000 $12.4M No change
MESH Meshflow Acquisition Co. Class A 0.72% 1,250,000 $12.4M No change
NPAC New Providence Acquisition-A 0.71% 1,200,000 $12.3M No change
CCIX Churchill Capital Corp. Ix 0.71% 1,150,000 $12.3M No change
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.71% 1,200,000 $12.2M No change
JACS Jackson Acquisition Co. Class A 0.71% 1,150,000 $12.2M No change
BEAG Bold Eagle Acquisition Cor-A 0.70% 1,150,000 $12.1M No change
HCMA HCM III Acquisition Cor Class A 0.70% 1,200,000 $12.1M No change
EVOX Evolution Global Acquis Class A 0.70% 1,201,000 $12.0M No change
CRAN Crane Harbor Acquisitio Class A 0.69% 1,200,000 $11.9M No change
ALOV Aldabra 4 Liquidity Opp Class A 0.69% 1,200,000 $11.9M New
ARCI Archimedes Tech Spac Partner 0.69% 1,200,000 $11.8M New
MEVO M Evo Global Acquisitio Class A filed as M EVO GBL ACQUISITION CORP I 0.69% 1,200,000 $11.8M New
OYSE Oyster Enterprises II Acq-A 0.68% 1,150,000 $11.8M No change
PAII Pyrophyte Acquisition Corp. Class A 0.68% 1,150,000 $11.7M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.66% 1,100,000 $11.4M No change
RAC Rithm Acquisition Corp. Class A 0.66% 1,100,000 $11.4M No change
BDCI BTC Development Corp. Class A 0.65% 1,125,000 $11.2M No change
WENN Wen Acquisition Corp. Class A 0.65% 1,100,000 $11.2M No change
MBVI M3-Brigade Acquisition Class A 0.64% 1,100,000 $11.1M No change
KBON Karbon Capital Partners Class A 0.64% 1,100,000 $11.1M Add +83.3%
AEAQ Activate Energy Acquisitio-A 0.63% 1,100,000 $10.9M No change
ALF Centurion Acquisition Corp. 0.63% 1,000,000 $10.8M No change
POLE Andretti Acquisition Corp. Class A 0.62% 1,000,000 $10.7M No change
LEGO Legato Merger Corp. IV 0.62% 1,070,000 $10.6M New
HCICU Hennessy Capital Investment 0.61% 1,050,000 $10.5M New
ATII Archimedes Tech Spac Partner 0.61% 1,000,000 $10.4M No change
HAYMAKER ACQUISITION CORP 4 0.60% 900,000 $10.4M No change
EVAC Eqv Ventures Acquisition C-A 0.60% 1,025,000 $10.3M No change
AACB Artius II Acquisition Inc. Class A 0.60% 1,000,000 $10.3M No change
ONCH 1RT Acquisition Corp. Class A 0.59% 1,010,100 $10.2M Add +98.0%
CEPF Cantor Equity Partners Class A 0.59% 1,000,000 $10.2M No change
CCXI Churchill Capital Corp. Class A 0.59% 1,000,000 $10.2M No change
PACH Pioneer Acquisition I Class A 0.59% 1,000,000 $10.2M No change
ALDF Aldel Financial II Inc. 0.58% 950,000 $10.0M No change
OIM Oneim Acquisition Class-A 0.58% 1,000,000 $10.0M New
TVA Texas Ventures Acquisition-A 0.58% 963,956 $10.0M Reduce -3.6%
ACAAU Averin Capital Acquisition C 0.58% 1,000,000 $10.0M New
ALUB Alussa Energy Acquisit II-A 0.58% 1,000,000 $10.0M No change
PAACU Proem Acquisition Corp. I 0.58% 1,000,000 $10.0M New
SBXE Silverbox Corp. V Class A 0.58% 1,000,000 $10.0M No change
MZYX.U Mozayyx Acquisition Corp. 0.58% 1,000,000 $10.0M New
IGAC Invest Green Acquisitio Class A 0.58% 1,000,000 $9.9M No change
IPXG Inflection Point Acquisition filed as COLUMBUS CIRCLE CAP CORP II 0.57% 1,000,000 $9.8M New
PCAP Procap Acquisition Corp. Class A 0.56% 950,000 $9.7M No change
LWAC Lightwave Acquisition Corp. Class A 0.56% 950,000 $9.7M No change
TMTSU Spartacus Acqu Corp. II 0.55% 950,000 $9.5M New
NTWO Newbury Street II Ac Class A 0.55% 900,000 $9.5M No change
ILLUU Illumination Acquisition Cor 0.55% 950,000 $9.4M New
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.54% 900,000 $9.3M No change
MLAC Mountain Lake Acquisition-A 0.53% 875,000 $9.2M No change
IPEX Inflection Point Acquisition 0.53% 875,716 $9.1M No change
TWLV Twelve Seas Investment Co. Class A 0.52% 900,000 $8.9M No change
TRGSU TRG Latin America Acquisitio 0.51% 875,000 $8.7M New
GPAT GP-Act III Acquisition-A 0.50% 797,584 $8.6M No change
SPEG Silver Pegasus Acquisition-A 0.50% 850,000 $8.6M No change
DYNC Dynamix Corp. 0.50% 819,611 $8.6M No change
APXT Apex Treasury Corp. Class A 0.49% 850,000 $8.5M No change
SDHI Siddhi Acquisition Corp. Class A 0.48% 800,000 $8.3M No change
XRPN Armada Acquisition Class A 0.48% 800,000 $8.2M No change
AEXA American Exceptionalism Class A 0.48% 757,850 $8.2M Reduce -10.8%
SAAQ Space Asset Acquisition Class A 0.47% 800,000 $8.0M New
KCAC.U Kensington Capital Acquisiti 0.47% 800,000 $8.0M New
PALOU Paloma Acquisition Corp. I 0.46% 800,000 $8.0M New
SVIV Spring Valley Acquisitio-A 0.46% 800,000 $7.9M New
ITHA Ithax Acquisition Corp. Class A 0.46% 800,000 $7.9M No change
VHCP Vine Hill Capital Inves Class A 0.46% 800,000 $7.9M Reduce -68.9%
BACC Blue Acquisition Corp. Class A 0.46% 775,000 $7.9M No change
IRAB Iris Acquisition Corp. I Class A 0.46% 800,000 $7.9M New
GTERA Globa Terra Acquisition Co. Class A 0.45% 760,850 $7.8M No change
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.45% 750,000 $7.7M No change
EMIS Emmis Acquisition Corp. Class A 0.44% 750,000 $7.5M No change
HVMC Highview Merger Corp. Class A 0.44% 750,000 $7.5M No change
LATA Galata Acqu Corp. II Class A 0.43% 750,000 $7.5M No change
FMACU Future Money Acquisition Cor 0.43% 750,000 $7.5M New
SAC Safeguard Acquisition C Class A 0.43% 750,000 $7.5M No change
BLRK Bluerock Acquisition Corp. Class A 0.43% 750,000 $7.4M No change
GPAC General Purpose Acquisit-A 0.43% 750,000 $7.4M No change
SVAQ Silicon Valley Acquisit Class A 0.43% 750,000 $7.4M No change
KTWO K2 Capital Acquisition Class A filed as K2 CAP ACQUISITION CORP 0.43% 750,000 $7.4M New
DBCA D. Boral Acquisition I Class A 0.43% 750,000 $7.4M New
PLMK Plum Acquisition Corp. IV 0.43% 700,000 $7.4M No change
SVCC Stellar V Capital Corp. Class A 0.43% 700,000 $7.3M No change
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 0.42% 714,749 $7.3M Reduce -28.5%
CRAQ Cal Redwood Acquisit Class A 0.41% 700,000 $7.1M No change
NHIC Newhold Investment Cor III-A 0.41% 675,000 $7.0M No change
NWAX New America Acquisition Class A 0.41% 700,000 $7.0M No change
NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I 0.41% 700,000 $7.0M No change
TDWD Tailwind 2.0 Acquisitio Class A 0.40% 700,000 $7.0M No change
HCAC Hall Chadwick Acquisition-A 0.40% 700,000 $7.0M No change
AXIN Axiom Intelligence Class A 0.38% 650,000 $6.6M No change
DYOR Insight Digital Partners I-A 0.38% 650,000 $6.5M No change
OACC Oaktree Acquisition Corp. I-A 0.37% 600,000 $6.4M No change
TDAC Translational Development Ac 0.37% 600,000 $6.3M No change
BWIV.U Blue Water Acquisition Corp. filed as BLUE WTR ACQUISITION CORP IV 0.36% 625,000 $6.2M New
SZZL Sizzle Acquisition Corp. Class A 0.36% 600,000 $6.2M No change
SOCA Solarius Capital Acquis Class A 0.35% 600,000 $6.1M No change
BCSS Bain Capital GSS Inv- A 0.35% 600,000 $6.1M No change
WLIIU Willow Lane Acquisition Corp. 0.35% 600,000 $6.1M New
KOYN CSLM Digital Asset Acqu - A 0.35% 600,000 $6.0M No change
LFAC Leapfrog Acquisition Class A 0.35% 600,000 $6.0M No change
DNMX Dynamix Corp. III Class A 0.33% 581,521 $5.8M No change
BEBE Tge Value Creative Solu Class A 0.32% 550,000 $5.4M No change
RANG Range Capital Acquisition Co. 0.31% 500,000 $5.3M No change
DRDB Roman DBDR Acquisition Corp. 0.30% 500,000 $5.2M No change
GSHR Gesher Acquisition Corp. II-A 0.30% 500,000 $5.2M No change
CAEP Cantor Equity Partners III-A 0.30% 500,000 $5.2M No change
FERA Fifth Era Acquisition Corp. Class A 0.30% 500,000 $5.2M No change
SOUL Soulpower Acquisition Co. Class A 0.30% 500,000 $5.1M No change
OBA Oxley Bridge Acquisitio Class A 0.29% 500,000 $5.1M No change
MTAL.U Metals Acquisition Corp. II 0.29% 500,000 $5.0M New
CHEC Chenghe Acquisition II Class A 0.29% 500,000 $5.0M No change
BLZR Trailblazer Acquisition Class A 0.29% 500,000 $5.0M No change
LEGT Legato Merger Corp. III 0.29% 450,658 $5.0M Add +0.1%
ADAC American Drive Acquisit Class A 0.29% 500,000 $5.0M No change
LPCV Launchpad Cadenza Acqui Class A 0.29% 500,000 $5.0M No change
VNME Vendome Acquisition Corp. Class A 0.28% 475,000 $4.8M No change
CEPO Cantor Equity Partners I-A 0.26% 434,241 $4.6M No change
CEPV Cantor Equity Partners Class A 0.26% 450,000 $4.5M No change
SSAC Spacsphere Acquisition Class A 0.26% 450,000 $4.5M New
WTG Wintergreen Acquisition Corp. 0.24% 400,000 $4.1M No change
QUMS Quantumsphere Acquisition Co. 0.23% 400,000 $4.0M No change
PONOU Pono Capital Four Inc. 0.22% 375,000 $3.7M New
SCPQ Social Commerce Partner Class-A 0.22% 375,000 $3.7M No change
CEPT Cantor Equity Partners Class A 0.21% 338,708 $3.7M Reduce -15.1%
CAQUU Cambridge Acquisition Corp. 0.20% 350,000 $3.5M New
XSLL Xsolla Spac 1 Class A 0.20% 350,000 $3.4M New
XNDU Xanadu Quantum Technolo Class B 0.20% 499,523 $3.4M New
DAAQ Digital Asset Acquisiti Class A 0.19% 311,840 $3.2M No change
FACT Fact II Acquisition Corp. 0.18% 300,000 $3.2M No change
CLBR.U Colombier Acqstn Corp. III 0.18% 300,000 $3.1M New
IEAG Infinite Eagle Class-A 0.17% 300,000 $3.0M New
LI Li Auto Inc. - ADR 0.17% 159,900 $2.9M New
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.15% 250,000 $2.7M No change
TAVI Tavia Acquisition Corp. 0.15% 250,000 $2.6M No change
KRSP Rice Acquisition Corp. 3-A 0.15% 250,000 $2.6M No change
YCY Aa Mission Acquisition-A 0.15% 250,000 $2.5M No change
CRAC Crown Reserve Acquisiti Class A 0.15% 250,000 $2.5M No change
BPAC Blueport Acquisition LT Class A 0.15% 250,000 $2.5M No change
HAVA Harvard Ave Acquisition Class A 0.15% 250,000 $2.5M No change
MMTX Miluna Acquisition Class A 0.15% 250,000 $2.5M No change
CTAAU Clearthink 1 Acquisition Cor 0.14% 250,000 $2.5M New
GIW GIGCAPITAL8 Corp. Class A 0.14% 250,000 $2.5M No change
QADRU Qdro Acquisition Corp. 0.14% 250,000 $2.5M New
WPAC White Pearl Acquisition Co. Class A 0.14% 250,000 $2.5M New
BIII Black Spade Acquisition Class A 0.14% 250,000 $2.5M New
PTOR Praetorian Acquisition Cor-A 0.14% 250,000 $2.5M New
KPET.U Kpet Ultra Paceline Corp. 0.14% 241,560 $2.4M New
INAC Indigo Acquisition Corp. 0.13% 225,000 $2.3M No change
NKLR Terra Innovatum Global NV 0.12% 454,228 $2.1M No change
CHPG Championsgate Acquisitio-A 0.12% 200,000 $2.0M No change
MCGA Yorkville Acquisition Corp. Class A 0.12% 200,000 $2.0M No change
MUZE Muzero Acquisition Corp. Class A 0.11% 200,000 $2.0M New
QSEA Quartzsea Acquisition Corp. 0.11% 175,000 $1.8M No change
CEPS Cantor Equity Partners Vi -A 0.10% 175,000 $1.8M New
SUMAU Suma Acquisition Corp. 0.10% 175,000 $1.8M New
LAFA Lafayette Acquisition Corp. 0.10% 175,000 $1.7M No change
RAAQ Real Asset Acquisiti Class A 0.09% 150,000 $1.6M Reduce -50.0%
RTAC Renatus Tactical Acquisiti-A 0.09% 150,000 $1.5M No change
FIGX Figx Capital Acquisition C-A 0.09% 150,000 $1.5M No change
GLED.U Galaxyedge Acquisition Corp. 0.09% 150,000 $1.5M New
LKSP Lake Superior Acquisiti Class A 0.08% 140,000 $1.4M No change
GIX GIGCAPITAL9 Corp. Class A 0.07% 125,000 $1.2M New
WLAC Willow Lane Acquisition Class A 0.06% 98,784 $1.1M Reduce -34.1%
FCRS Futurecrest Acquisition Class A 0.06% 100,000 $1.0M No change
RFAM RF Acquisition Corp. III 0.05% 95,000 $929K New
NUCL Eagle Nuclear Energy Corp. 0.03% 71,585 $550K New
KYIV Kyivstar Group Ltd. 0.03% 54,484 $496K Reduce -75.0%
SPKLF Spark I Acquisition Corp. 0.02% 25,000 $283K No change
CNCK Coincheck Group NV 0.01% 157,170 $233K No change
BABA Alibaba Group Holding-SP ADR 0.01% 1,691 $212K New
DISTOKEN ACQUISITION CORP 0.00% 74,135 $0 No change
Other holdings (352): bonds, preferreds, convertibles and warrants · $16.1B (not counted above)
SecurityClassShares / PrincipalValueChange
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 281,381,000$1.5BReduce -1.0%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 93,648,000$944.3MAdd +0.3%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 84,348,000$595.4MReduce -6.0%
CENTRUS ENERGY CORP (LEU 2.25 11/01/30) NOTE 2.250%11/0 · principal 239,902,000$488.6MNo change
APPLIED DIGITAL CORP (APLD 2.75 06/01/30) NOTE 2.750% 6/0 · principal 130,530,000$346.5MAdd +0.1%
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 198,888,000$329.8MReduce -6.7%
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal 83,540,000$281.2MAdd +1.5%
UNITY SOFTWARE INC (U 0 03/15/30) NOTE 3/1 · principal 275,607,000$275.9MNew
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 239,048,000$268.5MAdd +11.7%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal 249,419,000$257.9MNo change
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 293,133,000$244.7MAdd +44.7%
INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) DBCV 1.875% 3/1 · principal 253,838,000$243.7MNew
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal 259,623,000$242.7MAdd +1.5%
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal 193,774,000$242.4MAdd +2.7%
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 236,601,000$227.5MAdd +13.7%
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal 92,715,000$226.4MReduce -0.7%
BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) NOTE 1.750% 3/0 · principal 132,723,000$225.4MNew
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 182,440,000$210.2MReduce -18.0%
SUNRUN INC (RUN 4 03/01/30) NOTE 4.000% 3/0 · principal 172,585,000$205.8MAdd +11.9%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 139,570,000$205.5MAdd +1.6%
BILL HOLDINGS INC (BILL 0 04/01/30) NOTE 4/0 · principal 223,559,000$199.2MReduce -28.9%
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal 115,820,000$194.9MAdd +41.5%
SILVERCORP METALS INC NOTE 4.750%12/1 · principal 74,768,000$192.3MAdd +14.6%
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal 139,590,000$187.4MAdd +1.4%
CLEANSPARK INC (CLSK 0 06/15/30) NOTE 6/1 · principal 191,496,000$186.2MReduce -8.6%
HAEMONETICS CORP (HAE 2.5 06/01/29) NOTE 2.500% 6/0 · principal 189,401,000$180.5MReduce -3.3%
FASTLY INC (FSLY 7.75 06/01/28) NOTE 7.750% 6/0 · principal 94,000,000$175.2MNew
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal 114,046,000$175.0MNo change
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 177,364,000$174.4MAdd +15.9%
UPSTART HOLDINGS INC (UPST 2 10/01/29) NOTE 2.000%10/0 · principal 176,645,000$173.2MReduce -5.6%
SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) NOTE 2.250% 7/0 · principal 99,473,000$171.0MAdd +57.0%
STRATEGY INC (MSTR 0 03/01/30) NOTE 3/0 · principal 192,225,000$167.5MNew
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 115,450,000$163.7MReduce -34.2%
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 135,690,000$157.7MAdd +0.7%
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 83,952,000$144.9MReduce -19.2%
RIOT PLATFORMS INC (RIOT 0.75 01/15/30) NOTE 0.750% 1/1 · principal 124,424,000$143.6MReduce -1.2%
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 152,347,000$135.7MAdd +0.7%
CIPHER DIGITAL INC (CIFR 1.75 05/15/30) NOTE 1.750% 5/1 · principal 44,000,000$135.6MNo change
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 139,220,000$135.2MAdd +0.0%
FORTUNA MINING CORP (FVICN 3.75 06/30/29) NOTE 3.750% 6/3 · principal 77,376,000$134.5MAdd +6.2%
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 132,639,000$127.9MAdd +25.6%
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal 101,062,000$127.9MAdd +18.1%
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal 123,038,000$126.1MAdd +27.3%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 50,507,000$121.5MReduce -13.7%
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal 86,800,000$120.4MAdd +5.1%
IREN LTD (IREN 3.25 06/15/30) NOTE 3.250% 6/1 · principal 51,777,000$118.2MNo change
PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) NOTE 2.125% 5/1 · principal 121,495,000$117.8MAdd +11.8%
SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) NOTE 4.750% 5/0 · principal 48,669,000$115.3MNo change
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 2,200,000$110.6MNew
MCEWEN INC (MUX 5.25 08/15/30) NOTE 5.250% 8/1 · principal 52,550,000$110.4MNew
LIVANOVA PLC (LIVN 2.5 03/15/29) NOTE 2.500% 3/1 · principal 91,015,000$106.2MReduce -11.1%
COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) NOTE 1.625%11/1 · principal 86,765,000$106.2MAdd +96.8%
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 60,256,000$105.4MAdd +9.4%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 58,430,000$105.3MReduce -25.5%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 111,426,000$103.7MAdd +2.5%
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 106,748,000$103.4MAdd +4.9%
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 99,437,000$100.2MNew
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 96,940,000$99.6MNo change
APPLIED OPTOELECTRONICS INC NOTE 2.750% 1/1 · principal 44,070,000$98.1MAdd +81.7%
ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) NOTE 4.000% 3/1 · principal 75,960,000$96.1MAdd +1.3%
ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) NOTE 1/1 · principal 92,395,000$95.8MNew
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 93,200,000$92.2MNo change
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 78,484,000$92.1MNo change
ALKAMI TECHNOLOGY INC (ALKTEC 1.5 03/15/30) NOTE 1.500% 3/1 · principal 101,596,000$91.6MNew
UPSTART HOLDINGS INC (UPST 1 11/15/30) NOTE 1.000%11/1 · principal 126,302,000$90.9MReduce -22.7%
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 112,358,000$90.2MAdd +44.3%
NIO INC (NIO 3.875 10/15/29) NOTE 3.875%10/1 · principal 86,767,000$89.3MAdd +110.2%
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal 101,989,000$88.8MReduce -11.7%
QFIN HOLDINGS INC NOTE 0.500% 4/0 · principal 102,339,000$87.6MNew
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 92,320,000$86.6MAdd +27.7%
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 93,574,000$84.6MNo change
ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) NOTE 4.250%11/1 · principal 58,700,000$82.8MAdd +31.3%
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal 90,836,000$81.9MNo change
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal 88,548,000$80.3MNo change
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal 73,289,000$74.4MAdd +30.2%
ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) NOTE 0.750% 3/1 · principal 69,900,000$71.8MNew
GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) NOTE 5.250%11/0 · principal 49,508,000$69.8MNo change
JOBY AVIATION INC (JOBY 0.75 02/15/32) NOTE 0.750% 2/1 · principal 79,750,000$68.6MNew
OMNICELL INC (OMCL 1 12/01/29) NOTE 1.000%12/0 · principal 64,400,000$62.8MNo change
T1 ENERGY INC (TE 5.25 12/01/30) NOTE 5.250%12/0 · principal 58,900,000$61.9MAdd +90.3%
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal 60,748,000$60.7MAdd +52.8%
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal 108,850,000$59.5MReduce -5.0%
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 47,431,000$56.6MAdd +288.8%
TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) NOTE 1.500% 3/1 · principal 54,791,000$55.9MReduce -30.4%
PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) NOTE 6.125%10/0 · principal 47,972,000$55.2MNo change
SYNAPTICS INC (SYNA 0.75 12/01/31) NOTE 0.750%12/0 · principal 51,300,000$53.1MReduce -6.4%
RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal 61,113,000$51.6MReduce -0.0%
IQIYI INC (IQ 4.625 03/15/30) NOTE 4.625% 3/1 · principal 57,200,000$51.2MNew
VNET GROUP INC NOTE 2.000%10/0 · principal 45,000,000$50.8MNew
BLACKBERRY LTD (BBCN 3 02/15/29) NOTE 3.000% 2/1 · principal 41,471,000$47.9MNo change
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 48,555,000$46.7MNo change
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 47,086,000$46.4MAdd +3.3%
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 42,396,000$46.0MReduce -37.1%
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 38,109,000$45.2MAdd +34.8%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 40,500,000$43.4MNo change
CERENCE INC (CRNC 1.5 07/01/28) NOTE 1.500% 7/0 · principal 44,725,000$39.4MNo change
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 42,670,000$38.6MAdd +51.5%
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal 37,821,000$37.8MNew
SEMTECH CORP (SMTC 1.625 11/01/27) NOTE 1.625%11/0 · principal 16,664,000$35.2MNo change
PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) NOTE 2.000% 8/1 · principal 33,500,000$33.7MAdd +19.6%
LEMAITRE VASCULAR INC (LMAT 2.5 02/01/30) NOTE 2.500% 2/0 · principal 29,000,000$32.8MNo change
APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) NOTE 3.500% 9/1 · principal 28,138,000$29.6MNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 19,916,000$26.9MReduce -2.0%
RAMACO RESOURCES INC (METC 0 11/01/31) NOTE 11/0 · principal 33,330,000$25.7MAdd +357.8%
MARA HOLDINGS INC (MARA 2.125 09/01/31) NOTE 2.125% 9/0 · principal 29,100,000$24.7MReduce -31.7%
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) NOTE 1.500% 9/1 · principal 18,227,000$24.3MReduce -8.8%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 15,827,000$20.5MReduce -69.8%
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 21,300,000$20.4MAdd +18.3%
SUPER MICRO COMPUTER INC (SMCI 2.25 07/15/28) NOTE 2.250% 7/1 · principal 22,500,000$19.6MNew
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 2,013,335$17.6MNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 12,993,000$16.7MNo change
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal 12,486,000$13.4MNo change
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal 10,843,000$11.9MNo change
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal 12,130,000$11.4MAdd +42.7%
GREEN PLAINS INC DEBT 5.250%11/0 · principal 7,738,000$10.9MAdd +63.5%
WEIBO CORP (WB 1.375 12/01/30) NOTE 1.375%12/0 · principal 8,400,000$8.9MReduce -87.9%
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal 8,798,000$8.8MReduce -96.6%
ZENAS BIOPHARMA INC (ZBIO 2.5 04/01/32) NOTE 2.500% 4/0 · principal 7,500,000$7.8MNew
INOTIV INC (NOTV 3.25 10/15/27) NOTE 3.250%10/1 · principal 31,725,000$7.5MNo change
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal 13,650,000$6.9MAdd +203.3%
ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) NOTE 0.750% 8/0 · principal 6,314,000$6.2MNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 2,000,000$6.0MNo change
HERTZ CORP/THE (HTZ 8 07/15/29) NOTE 8.000% 7/1 · principal 5,165,679$5.1MAdd +4.0%
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 4,086,000$4.5MReduce -83.0%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 4,151,000$4.0MReduce -97.4%
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal 3,103,000$3.1MNo change
OPKO HEALTH INC (OPK 3.75 01/15/29) NOTE 3.750% 1/1 · principal 2,235,000$2.8MNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 1,500,000$2.3MNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 1,755,761$1.9MNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 450,001$1.3MNo change
NUCLW Eagle Nuclear Energy Corp. *W EXP 02/25/203 911,423$1.3MNew
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal 1,500,000$1.3MReduce -94.8%
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal 715,000$966KReduce -97.7%
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 549,999$795KNo change
INFQ.WS Churchill Capital Corp. X *W EXP 02/17/203 168,476$737KNew
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 1,118,198$665KNo change
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 1,203,590$656KAdd +775.3%
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 622,988$598KNew
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 1,121,356$589KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 1,690,000$583KNo change
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 1,200,000$556KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 850,000$553KNo change
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 172,252$528KNo change
IMSRW HCM II Acquisition Corp. - 29 *W EXP 10/28/203 194,560$500KNo change
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 1,425,000$461KNo change
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 456,000$454KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 624,999$447KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 1,594,130$446KAdd +7.2%
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 859,207$438KAdd +7.0%
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 1,417,000$432KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 2,000,000$424KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 2,414,026$423KNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 525,001$420KNo change
FTW.WS Presidio Pubco Inc. *W EXP 03/04/203 506,300$418KNew
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 1,375,000$412KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 681,000$402KNo change
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 1,672,700$401KNo change
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 1,198,467$387KNo change
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 178,571$381KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 860,962$379KNo change
EVOXW Evolution Global Acquisition *W EXP 10/22/203 1,005,041$372KNo change
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 1,443,732$370KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 750,000$346KNo change
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 1,500,000$345KNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 333,233$340KReduce -0.0%
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 1,754,801$333KNo change
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 194,210$326KNo change
SCIIR SC II Acquisition Corp.-RT RIGHT 11/26/2030 1,498,500$326KNo change
PGACR Pantages Capital Acquis-RT RIGHT 11/15/2029 1,500,000$326KNo change
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 1,700,000$312KAdd +41.7%
NWAX.WS New America Acquisition I Co. *W EXP 99/99/999 607,978$308KAdd +73.7%
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 1,750,000$306KNo change
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 224,999$274KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,850,000$263KNo change
SVIAW Procap Financial Inc. *W EXP 12/05/203 908,915$258KNo change
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 662,511$255KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 1,175,000$247KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 739,800$244KNo change
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 637,029$233KAdd +69.9%
ALISR Calisa Acquisition Corp. RIGHT 09/11/2030 400,233$229KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 1,300,000$228KNo change
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 366,666$228KNo change
DNMXW Dynamix Corp. III *W EXP 10/10/203 744,670$220KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 450,000$214KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 744,699$212KNo change
HQWWW Horizon Quant -31 *W EXP 03/19/203 93,669$204KNew
IRHOR Iron Horse Acquisiti- Rights RIGHT 07/11/2030 1,500,000$203KNo change
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 599,999$203KNew
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 150,000$203KNo change
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 294,852$199KNo change
SAAQW Space Asset Acquisition Corp. *W EXP 03/31/203 266,665$199KNew
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 518,875$192KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 666,667$191KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 800,000$184KNo change
TWLVR Twelve Seas Investment Co. II RIGHT 11/21/2030 1,050,000$183KAdd +16.7%
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 625,000$182KNo change
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 511,206$177KNo change
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 699,999$175KNew
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 624,999$172KNo change
IGACR Invest Green Acquisition-RTS RIGHT 11/17/2030 1,000,000$170KNo change

Largest 200 of 352 shown.

Total filed on the 13F, all lines: $17.9B.

Portfolio Sells Q4 2025 → Q1 2026
ZTS Zoetis Inc. Sold out 0.00% −2.43
FTW Eqv Ventures Acquisition C-A Sold out 0.00% −2.39
VHCP Vine Hill Capital Inves Class A Reduce -68.9% 0.46% −0.87
MRLN Merlin Inc. Sold out 0.00% −0.61
COLA Columbus Acquisition Corp. Sold out 0.00% −0.47
GFUZ General Fusion Group Ltd. Reduce -28.5% 0.42% −0.35
CHAC Crane Harbor Acqu Corp. Class A Sold out 0.00% −0.29
PELI Pelican Acquisition Corp. Sold out 0.00% −0.28
AEXA American Exceptionalism Class A Reduce -10.8% 0.48% −0.26
TVA Texas Ventures Acquisition-A Reduce -3.6% 0.58% −0.22
KYIV Kyivstar Group Ltd. Reduce -75.0% 0.03% −0.16
RAAQ Real Asset Acquisiti Class A Reduce -50.0% 0.09% −0.14
CEPT Cantor Equity Partners Class A Reduce -15.1% 0.21% −0.13
WLAC Willow Lane Acquisition Class A Reduce -34.1% 0.06% −0.08
BILI Bilibili Inc.-Sponsored ADR Sold out 0.00% −0.02

Portfolio Buys Q4 2025 → Q1 2026
CRGY Crescent Energy Inc. Class A New 1.04% +1.04
ZKP Lafayette Digital Acquisitio New 1.03% +1.03
IACOU Idea Acquisition Corp. New 1.01% +1.01
SORN Soren Acquisition Corp. Class A New 0.92% +0.92
ARTC Art Technology Acquisit Class A New 0.91% +0.91
BBCQ Bleichroeder Acquis II Class A New 0.90% +0.90
IPFXU Inflection Point Acquisition New 0.88% +0.88
FGII FG Imperii Acquisition Class A New 0.86% +0.86
MLAA Mountain Lake Acquisiti Class A New 0.86% +0.86
AACIU Armada Acquisition Corp. III New 0.81% +0.81
XCBE X3 Acquisition Corp. Ltd. Class A New 0.80% +0.80
AACOU Abony Acquisition Corp. I New 0.78% +0.78
BCAR D. Boral Arc Acquisit Class A Add +481.8% 0.94% +0.73
HACQU HCM IV Acquisition Corp. New 0.73% +0.73
FVAV Fortress Value Acquis V Class A New 0.73% +0.73
ALOV Aldabra 4 Liquidity Opp Class A New 0.69% +0.69
ARCI Archimedes Tech Spac Partner New 0.69% +0.69
MEVO M Evo Global Acquisitio Class A New 0.69% +0.69
LEGO Legato Merger Corp. IV New 0.62% +0.62
HCICU Hennessy Capital Investment New 0.61% +0.61
OIM Oneim Acquisition Class-A New 0.58% +0.58
ACAAU Averin Capital Acquisition C New 0.58% +0.58
PAACU Proem Acquisition Corp. I New 0.58% +0.58
MZYX.U Mozayyx Acquisition Corp. New 0.58% +0.58
IPXG Inflection Point Acquisition New 0.57% +0.57
TMTSU Spartacus Acqu Corp. II New 0.55% +0.55
ILLUU Illumination Acquisition Cor New 0.55% +0.55
TRGSU TRG Latin America Acquisitio New 0.51% +0.51
SAAQ Space Asset Acquisition Class A New 0.47% +0.47
KCAC.U Kensington Capital Acquisiti New 0.47% +0.47
PALOU Paloma Acquisition Corp. I New 0.46% +0.46
SVIV Spring Valley Acquisitio-A New 0.46% +0.46
IRAB Iris Acquisition Corp. I Class A New 0.46% +0.46
FMACU Future Money Acquisition Cor New 0.43% +0.43
KTWO K2 Capital Acquisition Class A New 0.43% +0.43
DBCA D. Boral Acquisition I Class A New 0.43% +0.43
BWIV.U Blue Water Acquisition Corp. New 0.36% +0.36
WLIIU Willow Lane Acquisition Corp. New 0.35% +0.35
MTAL.U Metals Acquisition Corp. II New 0.29% +0.29
SSAC Spacsphere Acquisition Class A New 0.26% +0.26
PONOU Pono Capital Four Inc. New 0.22% +0.22
CAQUU Cambridge Acquisition Corp. New 0.20% +0.20
ONCH 1RT Acquisition Corp. Class A Add +98.0% 0.59% +0.20
XNDU Xanadu Quantum Technolo Class B New 0.20% +0.20
XSLL Xsolla Spac 1 Class A New 0.20% +0.20
KBON Karbon Capital Partners Class A Add +83.3% 0.64% +0.18
CLBR.U Colombier Acqstn Corp. III New 0.18% +0.18
IEAG Infinite Eagle Class-A New 0.17% +0.17
LI Li Auto Inc. - ADR New 0.17% +0.17
CTAAU Clearthink 1 Acquisition Cor New 0.14% +0.14

Notes & Other Activity Q4 2025 → Q1 2026
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Reduce -1.0% 281,381,000 $1.5B
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Add +0.3% 93,648,000 $944.3M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal Reduce -6.0% 84,348,000 $595.4M
APPLIED DIGITAL CORP (APLD 2.75 06/01/30) NOTE 2.750% 6/0 · principal Add +0.1% 130,530,000 $346.5M
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Reduce -6.7% 198,888,000 $329.8M
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal Add +1.5% 83,540,000 $281.2M
UNITY SOFTWARE INC (U 0 03/15/30) NOTE 3/1 · principal New 275,607,000 $275.9M
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal Add +11.7% 239,048,000 $268.5M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal Sold out 238,106,000 $244.9Mbefore exit
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal Add +44.7% 293,133,000 $244.7M
INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) DBCV 1.875% 3/1 · principal New 253,838,000 $243.7M
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal Add +1.5% 259,623,000 $242.7M
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal Add +2.7% 193,774,000 $242.4M
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Add +13.7% 236,601,000 $227.5M
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal Reduce -0.7% 92,715,000 $226.4M
BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) NOTE 1.750% 3/0 · principal New 132,723,000 $225.4M
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Sold out 139,376,000 $216.9Mbefore exit
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal Reduce -18.0% 182,440,000 $210.2M
SUNRUN INC (RUN 4 03/01/30) NOTE 4.000% 3/0 · principal Add +11.9% 172,585,000 $205.8M
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal Add +1.6% 139,570,000 $205.5M
BILL HOLDINGS INC (BILL 0 04/01/30) NOTE 4/0 · principal Reduce -28.9% 223,559,000 $199.2M
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal Add +41.5% 115,820,000 $194.9M
SILVERCORP METALS INC NOTE 4.750%12/1 · principal Add +14.6% 74,768,000 $192.3M
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal Add +1.4% 139,590,000 $187.4M
CLEANSPARK INC (CLSK 0 06/15/30) NOTE 6/1 · principal Reduce -8.6% 191,496,000 $186.2M
HAEMONETICS CORP (HAE 2.5 06/01/29) NOTE 2.500% 6/0 · principal Reduce -3.3% 189,401,000 $180.5M
FASTLY INC (FSLY 7.75 06/01/28) NOTE 7.750% 6/0 · principal New 94,000,000 $175.2M
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal Add +15.9% 177,364,000 $174.4M
UPSTART HOLDINGS INC (UPST 2 10/01/29) NOTE 2.000%10/0 · principal Reduce -5.6% 176,645,000 $173.2M
SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) NOTE 2.250% 7/0 · principal Add +57.0% 99,473,000 $171.0M
STRATEGY INC (MSTR 0 03/01/30) NOTE 3/0 · principal New 192,225,000 $167.5M
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal Reduce -34.2% 115,450,000 $163.7M
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal Add +0.7% 135,690,000 $157.7M
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal Reduce -19.2% 83,952,000 $144.9M
RIOT PLATFORMS INC (RIOT 0.75 01/15/30) NOTE 0.750% 1/1 · principal Reduce -1.2% 124,424,000 $143.6M
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal Add +0.7% 152,347,000 $135.7M
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal Add +0.0% 139,220,000 $135.2M
FORTUNA MINING CORP (FVICN 3.75 06/30/29) NOTE 3.750% 6/3 · principal Add +6.2% 77,376,000 $134.5M
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal Add +25.6% 132,639,000 $127.9M
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal Add +18.1% 101,062,000 $127.9M
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal Add +27.3% 123,038,000 $126.1M
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal Reduce -13.7% 50,507,000 $121.5M
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal Add +5.1% 86,800,000 $120.4M
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Sold out 25,867,000 $118.7Mbefore exit
PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) NOTE 2.125% 5/1 · principal Add +11.8% 121,495,000 $117.8M
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 New 2,200,000 $110.6M
MCEWEN INC (MUX 5.25 08/15/30) NOTE 5.250% 8/1 · principal New 52,550,000 $110.4M
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal Sold out 121,632,000 $106.3Mbefore exit
LIVANOVA PLC (LIVN 2.5 03/15/29) NOTE 2.500% 3/1 · principal Reduce -11.1% 91,015,000 $106.2M
COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) NOTE 1.625%11/1 · principal Add +96.8% 86,765,000 $106.2M

Showing the first 50 of 177.

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