Magnetar Financial LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Magnetar Financial LLC reported 684 stock positions worth $7.0 billion. Its top holding was Coreweave Class A (CRWV) at 50.7% of the portfolio, followed by Kellanova (K, 1.3%) and Beacon Roofing Supply (BECN, 1.3%). Compared with Q4 2024, it opened 422 new positions, sold out of 292, added to 137 and reduced 89. The biggest buy was a new position in Coreweave Class A (CRWV) and the biggest sale an exit from Sanofi-ADR (SNY).
- Most Recent 13F
- Q2 2026
- Location
- EVANSTON, IL
- CIK
- 0001352851
- Portfolio Value
- $7.0B (Q1 2025)
- SEC Filing
- 0001104659-25-048974 ↗ filed May 15, 2025
Holdings Value
Holdings 684 stocks · $7.0B
| CRWV Coreweave Inc. Class A | 50.72% | 95,818,248 | $3.6B | New |
| K Kellanova | 1.33% | 1,131,157 | $93.3M | Add +20.3% |
| BECN Beacon Roofing Supply Inc. | 1.31% | 744,640 | $92.1M | New |
| DFS Discover Financial Services | 1.24% | 507,338 | $86.6M | Add +9.4% |
| VRN Veren Inc. | 1.20% | 12,656,076 | $83.7M | New |
| PYCR Paycor HCM Inc. | 1.18% | 3,672,360 | $82.4M | New |
| CHX Championx Corp. | 1.17% | 2,755,257 | $82.1M | Add +17.5% |
| ANSS Ansys Inc. | 1.16% | 255,781 | $81.0M | Add +16.5% |
| IPG Interpublic Group of Cos Inc. | 1.14% | 2,934,596 | $79.7M | Add +21.0% |
| JNPR Juniper Networks Inc. | 1.12% | 2,159,083 | $78.1M | Add +0.1% |
| BERY Berry Global Group Inc. | 1.11% | 1,118,266 | $78.1M | Add +0.6% |
| FYBR Frontier Communications Pare | 1.11% | 2,169,931 | $77.8M | Add +19.7% |
| PLYA Playa Hotels & Resorts NV | 0.95% | 4,969,952 | $66.2M | New |
| LBRDK Liberty Broadband-C | 0.86% | 704,444 | $59.9M | Add +12.3% |
| AMED Amedisys Inc. | 0.84% | 638,198 | $59.1M | Add +0.1% |
| ITCI Intra-Cellular Therapies Inc. | 0.82% | 435,715 | $57.5M | New |
| PTVE Pactiv Evergreen Inc. | 0.79% | 3,084,826 | $55.6M | Add +0.5% |
| PRA Proassurance Corp. | 0.77% | 2,317,816 | $54.1M | New |
| HEES H&E Equipment Services Inc. | 0.69% | 512,725 | $48.6M | New |
| ACCD Accolade Inc. | 0.57% | 5,750,393 | $40.1M | New |
| RDFN Redfin Corp. | 0.56% | 4,234,616 | $39.0M | New |
| CCRN Cross Country Healthcare Inc. | 0.53% | 2,474,331 | $36.8M | Add +8.5% |
| SPR Spirit Aerosystems Hold Class A | 0.53% | 1,067,468 | $36.8M | Add +19.1% |
| AZEK The Azek Co. Inc. | 0.50% | 711,428 | $34.8M | New |
| FTW Eqv Ventures Acquisition C-A | 0.50% | 3,430,350 | $34.7M | New |
| CMRX Chimerix Inc. | 0.48% | 3,917,413 | $33.3M | New |
| RITHM PPTY TR INC | 0.40% | 9,834,208 | $28.2M | No change |
| CCIXU Churchill Capital Corp. Ix | 0.37% | 2,422,158 | $25.9M | Reduce -1.1% |
| FBMS First Bancshares Inc. | 0.37% | 758,210 | $25.6M | Add +0.3% |
| VLOSU M3-Brigade Acquisition V Cor | 0.36% | 2,450,250 | $25.4M | No change |
| VACHU Voyager Acquisition Corp. | 0.32% | 2,156,220 | $22.1M | No change |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.30% | 1,959,198 | $20.7M | No change |
| GSRTU GSR III Acquisition Corp. | 0.29% | 1,998,000 | $20.5M | No change |
| LPBBU Launch Two Acquisition Corp. | 0.29% | 1,980,000 | $20.2M | No change |
| CUBWU Lionheart Holdings | 0.29% | 1,960,200 | $20.2M | No change |
| LPAAU Launch One Acquisition Corp. | 0.29% | 1,960,200 | $20.1M | No change |
| SIMAU Sim Acquisition Corp. I | 0.29% | 1,960,200 | $20.1M | No change |
| RAC.U Rithm Acquisition Corp. | 0.29% | 1,980,000 | $20.0M | New |
| MLACU Mountain Lake Acquisition Co. | 0.28% | 1,900,000 | $19.6M | No change |
| ALDFU Aldel Financial II Inc. | 0.28% | 1,900,000 | $19.5M | No change |
| ALFUU Centurion Acquisition Corp. | 0.27% | 1,856,250 | $19.1M | No change |
| RDUS Radius Recycling Inc. Class A | 0.26% | 639,986 | $18.5M | New |
| VCICU Vine Hill Cap Invest-Unit | 0.26% | 1,800,000 | $18.5M | No change |
| SASR Sandy Spring Bancorp Inc. | 0.26% | 645,406 | $18.0M | Add +2.6% |
| LOKVU Live Oak Acquisition Corp. V | 0.25% | 1,750,000 | $17.6M | New |
| TONT.U Graf Global Corp. | 0.24% | 1,633,499 | $16.9M | Reduce 0.0% |
| FERAU Fifth Era Acquisition Corp. I | 0.22% | 1,500,000 | $15.1M | New |
| NTWOU Newbury Street II Acquisitio | 0.21% | 1,450,000 | $14.7M | No change |
| POLEU Andretti Acquisition Corp. II | 0.20% | 1,400,000 | $14.3M | No change |
| TDACU Translational Development Ac | 0.19% | 1,300,000 | $13.2M | No change |
| SVCCU Stellar V Capital Corp. | 0.19% | 1,300,000 | $13.2M | New |
| ATIIU Archimedes Tech Spac Partner | 0.19% | 1,300,000 | $13.1M | New |
| WLACU Willow Lane Acquisition Corp. | 0.18% | 1,250,000 | $12.7M | No change |
| NHICU Newhold Investment Corp. III | 0.18% | 1,250,000 | $12.6M | New |
| KFIIU K&F Growth Acquisition Corp. | 0.18% | 1,250,000 | $12.6M | New |
| IT Gartner Inc. | 0.17% | 28,986 | $12.2M | Add +188.8% |
| A Agilent Technologies Inc. | 0.17% | 99,060 | $11.6M | Add +177.3% |
| AME Ametek Inc. | 0.16% | 67,044 | $11.5M | Add +759.8% |
| AVGO Broadcom Inc. | 0.16% | 68,923 | $11.5M | New |
| PEP Pepsico Inc. | 0.16% | 76,635 | $11.5M | New |
| KNX Knight-Swift Transportation | 0.16% | 262,171 | $11.4M | New |
| SYF Synchrony Financial | 0.16% | 214,910 | $11.4M | New |
| ACM Aecom | 0.16% | 121,989 | $11.3M | New |
| HPQ HP Inc. | 0.16% | 406,908 | $11.3M | Add +153.3% |
| ADI Analog Devices Inc. | 0.16% | 55,608 | $11.2M | New |
| J Jacobs Solutions Inc. | 0.16% | 91,792 | $11.1M | New |
| CME Cme Group Inc. | 0.16% | 41,369 | $11.0M | New |
| MDT Medtronic PLC | 0.16% | 122,023 | $11.0M | Reduce -82.4% |
| MRVL Marvell Technology Inc. | 0.16% | 178,084 | $11.0M | Add +704.0% |
| ECL Ecolab Inc. | 0.16% | 43,182 | $10.9M | Add +103.5% |
| OKTA Okta Inc. | 0.16% | 103,952 | $10.9M | Add +384.0% |
| EQIX Equinix Inc. | 0.16% | 13,354 | $10.9M | New |
| RY Royal Bank of Canada | 0.15% | 95,530 | $10.8M | New |
| TRI Thomson Reuters Corp. | 0.15% | 62,316 | $10.8M | Add +632.7% |
| DD Dupont DE Nemours Inc. | 0.15% | 143,913 | $10.7M | New |
| ALL Allstate Corp. | 0.15% | 51,809 | $10.7M | Add +802.1% |
| FACTU Fact II Acquisition Corp. | 0.15% | 1,061,500 | $10.7M | No change |
| CPT Camden Property Trust | 0.15% | 87,262 | $10.7M | New |
| PSX Phillips 66 | 0.15% | 85,895 | $10.6M | New |
| DRDBU Roman DBDR Acquisition Corp. | 0.15% | 1,000,000 | $10.5M | No change |
| CHRD Chord Energy Corp. | 0.15% | 92,993 | $10.5M | Add +218.1% |
| SM SM Energy Co. | 0.15% | 346,986 | $10.4M | Add +730.4% |
| HUBS HubSpot Inc. | 0.15% | 17,861 | $10.2M | Add +1804.2% |
| USFD US Foods Holding Corp. | 0.14% | 152,278 | $10.0M | Add +1459.6% |
| HST Host Hotels & Resorts Inc. | 0.14% | 695,562 | $9.9M | New |
| AWI Armstrong World Industries | 0.14% | 69,940 | $9.9M | New |
| ZBRA Zebra Technologies Corp. Class A | 0.14% | 33,975 | $9.6M | Add +98.6% |
| IEX Idex Corp. | 0.14% | 52,395 | $9.5M | Add +899.7% |
| NOW ServiceNow Inc. | 0.13% | 11,788 | $9.4M | New |
| ICLR Icon PLC | 0.13% | 53,587 | $9.4M | Add +161.4% |
| DXCM Dexcom Inc. | 0.13% | 136,096 | $9.3M | Add +54.0% |
| GSHRU Gesher Acquisition Corp. II | 0.13% | 900,000 | $9.0M | New |
| AN Autonation Inc. | 0.13% | 55,628 | $9.0M | New |
| MA Mastercard Inc. Class A | 0.12% | 15,932 | $8.7M | New |
| CEG Constellation Energy | 0.12% | 42,744 | $8.6M | Add +4132.1% |
| CCIRU Cohen Circle Acquisition Cor | 0.12% | 714,309 | $8.6M | Reduce -63.9% |
| ROP Roper Technologies Inc. | 0.12% | 14,429 | $8.5M | Add +24.6% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.12% | 106,411 | $8.3M | New |
| RANGU Range Capital Acquisition Co. | 0.12% | 800,000 | $8.2M | No change |
| CRM Salesforce Inc. | 0.12% | 30,310 | $8.1M | Add +1492.8% |
Options reported separately and not counted above: HYG puts ($15.1M).
Other holdings (32): bonds, preferreds, convertibles and warrants · $592.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 56,650,000 | $57.4M | Add +21.6% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 58,194,000 | $56.8M | Add +29.3% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 40,400,000 | $42.9M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 32,260,000 | $35.0M | Reduce -32.5% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 27,950,000 | $29.6M | Reduce -36.4% |
| WHEELER REIT INC (WHLR 7 12/31/31) | 7% SR NT 31 | 190,823 | $29.4M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 32,350,000 | $28.9M | Add +81.2% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 28,797,000 | $27.3M | Add +140.0% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 26,500,000 | $25.6M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 23,000,000 | $22.0M | Add +105.6% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 22,700,000 | $19.8M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 525,000 | $18.9M | Add +110.0% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 250,000 | $18.3M | New |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 15,000,000 | $18.1M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 310,000 | $17.2M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 350,000 | $16.9M | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 16,967,000 | $16.5M | Reduce -56.9% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 10,411,000 | $15.3M | Reduce -75.0% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 260,000 | $12.4M | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 11,437,000 | $12.2M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 250,000 | $12.0M | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 11,210,000 | $10.5M | Reduce -69.9% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 10,000,000 | $9.8M | New |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 8,500,000 | $9.1M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 200,000 | $8.8M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 9,594,000 | $8.4M | Reduce -76.9% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 8,775,000 | $7.6M | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 4,000,000 | $4.0M | Reduce -60.0% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 980,099 | $676K | New |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | 333,333 | $600K | New |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 1,143,450 | $440K | New |
| BARK.WS Original Bark Co./the -CW25 | *W EXP 05/01/202 | 281,451 | $20K | Reduce -43.0% |
Total filed on the 13F, all lines: $7.6B.
Portfolio Sells Q4 2024 → Q1 2025
| SNY Sanofi-ADR | Sold out | 0.00% | −4.39 |
| ELAN Elanco Animal Health Inc. | Reduce -97.4% | 0.05% | −3.92 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −2.16 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −2.15 |
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −2.09 |
| TFX Teleflex Inc. | Reduce -99.1% | 0.01% | −2.04 |
| REGN Regeneron Pharmaceuticals | Reduce -89.3% | 0.10% | −1.99 |
| HTLF Heartland Financial USA Inc. | Sold out | 0.00% | −1.76 |
| COO The Cooper Cos Inc. | Reduce -94.3% | 0.05% | −1.73 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −1.69 |
| TMO Thermo Fisher Scientific Inc. | Reduce -88.8% | 0.10% | −1.68 |
| INFN Infinera Corp. | Sold out | 0.00% | −1.53 |
| OPCH Option Care Health Inc. | Sold out | 0.00% | −1.49 |
| MDT Medtronic PLC | Reduce -82.4% | 0.16% | −1.35 |
| CI The Cigna Group | Sold out | 0.00% | −1.09 |
| QDEL Quidelortho Corp. | Reduce -99.2% | 0.00% | −1.06 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −1.00 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.00 |
| FTW.U Eqv Ventures Acquisition Cor | Sold out | 0.00% | −0.94 |
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −0.90 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.89 |
| ENOV Enovis Corp. | Sold out | 0.00% | −0.88 |
| GATO Gatos Silver Inc. | Sold out | 0.00% | −0.80 |
| MTTR Matterport Inc. | Sold out | 0.00% | −0.78 |
| USAP Universal Stainless & Alloy | Sold out | 0.00% | −0.74 |
| BSX Boston Scientific Corp. | Reduce -98.3% | 0.01% | −0.72 |
| LIVN Livanova PLC | Sold out | 0.00% | −0.71 |
| OGN Organon & Co. | Sold out | 0.00% | −0.70 |
| X United States Steel Corp. | Sold out | 0.00% | −0.63 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.53 |
| GMED Globus Medical Inc. Class A | Reduce -96.8% | 0.01% | −0.49 |
| EHC Encompass Health Corp. | Reduce -96.4% | 0.01% | −0.44 |
| CCIRU Cohen Circle Acquisition Cor | Reduce -63.9% | 0.12% | −0.42 |
| HUM Humana Inc. | Sold out | 0.00% | −0.41 |
| CTV Innovid Corp. | Sold out | 0.00% | −0.40 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.33 |
| CCIXU Churchill Capital Corp. Ix | Reduce -1.1% | 0.37% | −0.33 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.29 |
| TONT.U Graf Global Corp. | Reduce 0.0% | 0.24% | −0.22 |
| RVNC Revance Therapeutics Inc. | Sold out | 0.00% | −0.21 |
| ATEC Alphatec Holdings Inc. | Sold out | 0.00% | −0.18 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −0.16 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.16 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.16 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.16 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.15 |
| LDOS Leidos Holdings Inc. | Sold out | 0.00% | −0.15 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.15 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.15 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.15 |
Portfolio Buys Q4 2024 → Q1 2025
| CRWV Coreweave Inc. Class A | New | 50.72% | +50.72 |
| BECN Beacon Roofing Supply Inc. | New | 1.31% | +1.31 |
| VRN Veren Inc. | New | 1.20% | +1.20 |
| PYCR Paycor HCM Inc. | New | 1.18% | +1.18 |
| PLYA Playa Hotels & Resorts NV | New | 0.95% | +0.95 |
| ITCI Intra-Cellular Therapies Inc. | New | 0.82% | +0.82 |
| PRA Proassurance Corp. | New | 0.77% | +0.77 |
| HEES H&E Equipment Services Inc. | New | 0.69% | +0.69 |
| ACCD Accolade Inc. | New | 0.57% | +0.57 |
| RDFN Redfin Corp. | New | 0.56% | +0.56 |
| AZEK The Azek Co. Inc. | New | 0.50% | +0.50 |
| FTW Eqv Ventures Acquisition C-A | New | 0.50% | +0.50 |
| CMRX Chimerix Inc. | New | 0.48% | +0.48 |
| RAC.U Rithm Acquisition Corp. | New | 0.29% | +0.29 |
| RDUS Radius Recycling Inc. Class A | New | 0.26% | +0.26 |
| LOKVU Live Oak Acquisition Corp. V | New | 0.25% | +0.25 |
| FERAU Fifth Era Acquisition Corp. I | New | 0.22% | +0.22 |
| SVCCU Stellar V Capital Corp. | New | 0.19% | +0.19 |
| ATIIU Archimedes Tech Spac Partner | New | 0.19% | +0.19 |
| NHICU Newhold Investment Corp. III | New | 0.18% | +0.18 |
| KFIIU K&F Growth Acquisition Corp. | New | 0.18% | +0.18 |
| AVGO Broadcom Inc. | New | 0.16% | +0.16 |
| PEP Pepsico Inc. | New | 0.16% | +0.16 |
| KNX Knight-Swift Transportation | New | 0.16% | +0.16 |
| SYF Synchrony Financial | New | 0.16% | +0.16 |
| ACM Aecom | New | 0.16% | +0.16 |
| ADI Analog Devices Inc. | New | 0.16% | +0.16 |
| J Jacobs Solutions Inc. | New | 0.16% | +0.16 |
| CME Cme Group Inc. | New | 0.16% | +0.16 |
| EQIX Equinix Inc. | New | 0.16% | +0.16 |
| RY Royal Bank of Canada | New | 0.15% | +0.15 |
| DD Dupont DE Nemours Inc. | New | 0.15% | +0.15 |
| CPT Camden Property Trust | New | 0.15% | +0.15 |
| PSX Phillips 66 | New | 0.15% | +0.15 |
| HST Host Hotels & Resorts Inc. | New | 0.14% | +0.14 |
| AWI Armstrong World Industries | New | 0.14% | +0.14 |
| NOW ServiceNow Inc. | New | 0.13% | +0.13 |
| GSHRU Gesher Acquisition Corp. II | New | 0.13% | +0.13 |
| AN Autonation Inc. | New | 0.13% | +0.13 |
| HUBS HubSpot Inc. | Add +1804.2% | 0.15% | +0.13 |
| AME Ametek Inc. | Add +759.8% | 0.16% | +0.13 |
| MA Mastercard Inc. Class A | New | 0.12% | +0.12 |
| USFD US Foods Holding Corp. | Add +1459.6% | 0.14% | +0.12 |
| ALL Allstate Corp. | Add +802.1% | 0.15% | +0.12 |
| IFF Intl Flavors & Fragrances | New | 0.12% | +0.12 |
| CEG Constellation Energy | Add +4132.1% | 0.12% | +0.12 |
| TRI Thomson Reuters Corp. | Add +632.7% | 0.15% | +0.12 |
| RJF Raymond James Financial Inc. | New | 0.11% | +0.11 |
| CLX Clorox Company | New | 0.11% | +0.11 |
| CNC Centene Corp. | New | 0.11% | +0.11 |
Notes & Other Activity Q4 2024 → Q1 2025
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +21.6% | 56,650,000 | $57.4M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +29.3% | 58,194,000 | $56.8M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -32.5% | 32,260,000 | $35.0M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Sold out | 34,286,000 | $30.3Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -36.4% | 27,950,000 | $29.6M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +81.2% | 32,350,000 | $28.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +140.0% | 28,797,000 | $27.3M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 26,500,000 | $25.6M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 22,756,000 | $23.2Mbefore exit |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Sold out | 16,670,000 | $23.0Mbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +105.6% | 23,000,000 | $22.0M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | New | 22,700,000 | $19.8M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Sold out | 19,980,000 | $19.3Mbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +110.0% | 525,000 | $18.9M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | New | 250,000 | $18.3M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | New | 15,000,000 | $18.1M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 350,000 | $16.9M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Reduce -56.9% | 16,967,000 | $16.5M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 15,800,000 | $15.9Mbefore exit |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -75.0% | 10,411,000 | $15.3M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 15,217,000 | $14.6Mbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 260,000 | $12.4M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | New | 11,437,000 | $12.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 250,000 | $12.0M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Sold out | 11,010,000 | $11.4Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -69.9% | 11,210,000 | $10.5M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | New | 10,000,000 | $9.8M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 9,379,000 | $9.4Mbefore exit |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | New | 8,500,000 | $9.1M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 200,000 | $8.8M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Reduce -76.9% | 9,594,000 | $8.4M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 8,775,000 | $7.6M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 6,925,000 | $6.9Mbefore exit |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Reduce -60.0% | 4,000,000 | $4.0M |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Sold out | 4,015,000 | $3.5Mbefore exit |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 2,000,000 | $2.3Mbefore exit |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 1,000,000 | $994Kbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 2,330,000 | $968Kbefore exit |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | Sold out | 218,512 | $700Kbefore exit |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | New | 980,099 | $676K |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | New | 333,333 | $600K |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | New | 1,143,450 | $440K |
| NKGNW Graf Acquisition Corp.-CW28 | *W EXP 05/31/202 | Sold out | 713,357 | $71Kbefore exit |
| BARK.WS Original Bark Co./the -CW25 | *W EXP 05/01/202 | Reduce -43.0% | 281,451 | $20K |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | Sold out | 119,289 | $19Kbefore exit |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | Sold out | 11,822 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 894 | $9.9B | CRWV, WBS, KVUE, GTLS, NSC |
| Q1 2026 | 942 | $9.2B | CRWV, AL, GTLS, TXNM, PEN |
| Q4 2025 | 763 | $9.5B | CRWV, GTLS, AL, TXNM, NSC |
| Q3 2025 | 738 | $15.5B | CRWV, NSC, CYBR, AL, MRUS |
| Q2 2025 | 769 | $19.8B | CRWV, DNB, SWTX, BPMC, TXNM |
| Q1 2025 | 684 | $7.0B | CRWV, K, BECN, DFS, VRN |
| Q4 2024 | 554 | $3.7B | SNY, ELAN, JNPR, DFS, BDX |
| Q3 2024 | 468 | $3.9B | ELAN, GMED, SNY, JNPR, SRCL |
| Q2 2024 | 448 | $4.2B | ZBH, NVS, BDX, SNY, ELAN |
| Q1 2024 | 312 | $3.8B | NVS, MDT, ZBH, SWN, PXD |