Magnetar Financial LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Magnetar Financial LLC reported 769 stock positions worth $19.8 billion. Its top holding was Coreweave Class A (CRWV) at 78.8% of the portfolio, followed by Dun & Bradstreet (DNB, 0.5%) and Springworks Therapeutics (SWTX, 0.5%). Compared with Q1 2025, it opened 446 new positions, sold out of 350, added to 168 and reduced 134. The biggest buy was a new position in Dun & Bradstreet (DNB) and the biggest sale an exit from Beacon Roofing Supply (BECN).

Most Recent 13F
Q2 2026
Location
EVANSTON, IL
CIK
0001352851
Portfolio Value
$19.8B (Q2 2025)
SEC Filing
0001104659-25-076542 ↗ filed Aug 12, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $3.8B Q1 2024 Q2 2024: $4.2B Q2 2024 Q3 2024: $3.9B Q3 2024 Q4 2024: $3.7B Q4 2024 Q1 2025: $7.0B Q1 2025 Q2 2025: $19.8B $19.8B Q2 2025 Q3 2025: $15.5B Q3 2025 Q4 2025: $9.5B Q4 2025 Q1 2026: $9.2B Q1 2026 Q2 2026: $9.9B Q2 2026

Holdings 769 stocks · $19.8B
CRWV Coreweave Inc. Class A 78.82% 95,818,248 $15.6B No change
DNB Dun & Bradstreet Holdings Inc. 0.49% 10,636,170 $96.7M New
SWTX Springworks Therapeutics Inc. 0.49% 2,052,642 $96.5M New
BPMC Blueprint Medicines Corp. 0.47% 730,047 $93.6M Add +15881.8%
TXNM TXNM Energy Inc. 0.47% 1,650,082 $93.3M New
SKX Skechers USA Inc. Class A 0.45% 1,416,775 $89.4M New
K Kellanova 0.45% 1,116,749 $88.8M Reduce -1.3%
ANSS Ansys Inc. 0.45% 251,751 $88.4M Reduce -1.6%
JNPR Juniper Networks Inc. 0.42% 2,099,555 $83.8M Reduce -2.8%
AVDX Avidxchange Holdings Inc. 0.42% 8,447,908 $82.7M New
AZEK The Azek Co. Inc. 0.41% 1,479,488 $80.4M Add +108.0%
FYBR Frontier Communications Pare 0.40% 2,178,449 $79.3M Add +0.4%
IPG Interpublic Group of Cos Inc. 0.36% 2,947,129 $72.1M Add +0.4%
LBRDK Liberty Broadband-C 0.35% 713,970 $70.2M Add +1.4%
CHX Championx Corp. 0.35% 2,765,396 $68.7M Add +0.4%
PRA Proassurance Corp. 0.34% 2,956,808 $67.5M Add +27.6%
FARO Faro Technologies Inc. 0.33% 1,483,329 $65.1M New
AMED Amedisys Inc. 0.32% 644,894 $63.5M Add +1.1%
ETWO E2OPEN Parent Holdings Inc. 0.31% 19,058,482 $61.6M New
COOP Mr Cooper Group Inc. 0.29% 380,966 $56.8M Add +1179.3%
RDUS Radius Recycling Inc. Class A 0.25% 1,637,146 $48.6M Add +155.8%
RDFN Redfin Corp. 0.24% 4,252,556 $47.6M Add +0.4%
SPR Spirit Aerosystems Hold Class A 0.21% 1,067,468 $40.7M No change
FTW Eqv Ventures Acquisition C-A 0.18% 3,430,350 $36.4M No change
CTLP Cantaloupe Inc. 0.18% 3,257,595 $35.8M Add +10162.7%
CCRN Cross Country Healthcare Inc. 0.16% 2,474,331 $32.3M No change
SPTN Spartannash Co. 0.14% 1,065,628 $28.2M New
RITHM PPTY TR INC 0.13% 9,834,208 $26.6M No change
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.13% 2,117,288 $26.3M New
VACH Voyager Acquisition Corp. 0.11% 2,156,220 $22.4M New
TACH Titan Acquisition Corp. Class A 0.11% 2,200,000 $22.2M New
CCIX Churchill Capital Corp. Ix 0.11% 1,982,756 $21.0M New
LPBB Launch Two Acquisition Class A 0.10% 1,980,000 $20.7M New
CCCXU Churchill Capital Corp. X 0.10% 2,000,000 $20.6M New
SIMA Sim Acquisition Corp. I-A 0.10% 1,945,196 $20.4M New
RAC Rithm Acquisition Corp. Class A 0.10% 1,980,000 $20.3M No change
LPAA Launch One Acquisition Corp. 0.10% 1,945,196 $20.3M New
CUB Lionheart Holdings Class A 0.10% 1,910,254 $20.2M New
ALDF Aldel Financial II Inc. 0.10% 1,899,098 $19.8M New
ALF Centurion Acquisition Corp. 0.10% 1,856,250 $19.6M New
MLAC Mountain Lake Acquisition-A 0.10% 1,900,000 $19.5M New
KCHVU Kochav Defense Acquisition C 0.10% 1,900,000 $19.3M New
VCIC Vine Hill Capital Class A 0.09% 1,800,000 $18.7M New
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.09% 1,750,000 $18.4M No change
NPAC New Providence Acquisition-A 0.09% 1,749,990 $18.2M New
SOUL.U Soulpower Acquisition Corp. 0.09% 1,750,000 $18.1M New
SDHI Siddhi Acquisition Corp. Class A 0.09% 1,750,000 $17.7M New
SZZL Sizzle Acquisition Corp. Class A 0.09% 1,750,000 $17.6M New
TACO Berto Acquisition Corp. 0.09% 1,650,000 $17.1M New
TONT Graf Global Corp. Class A 0.09% 1,613,354 $16.9M New
IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP 0.08% 1,397,166 $16.5M Reduce -28.7%
GSRT GSR III Acquisition Corp. 0.08% 1,410,000 $15.5M New
PMTR Perimeter Acquis Corp. I Class A 0.08% 1,500,000 $15.3M New
FERA Fifth Era Acquisition Corp. Class A 0.08% 1,500,000 $15.2M No change
BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I 0.08% 1,500,000 $15.0M New
NTWO Newbury Street II Ac Class A 0.08% 1,450,000 $14.9M New
POLE Andretti Acquisition Corp. Class A 0.07% 1,400,000 $14.5M New
TVACU Texas Ventures Acquisition I 0.07% 1,400,000 $14.4M New
TDAC Translational Development Ac 0.07% 1,300,000 $13.3M New
SVCC Stellar V Capital Corp. Class A 0.07% 1,300,000 $13.3M No change
ATII Archimedes Tech Spac Partner 0.07% 1,300,000 $13.2M No change
OYSEU Oyster Enterprises II Acquis 0.07% 1,300,000 $13.2M New
WLAC Willow Lane Acquisition Class A 0.07% 1,250,000 $12.9M No change
NHIC Newhold Investment Cor III-A 0.06% 1,250,000 $12.7M No change
KFII K&F Growth Acquisition Cor-A 0.06% 1,250,000 $12.7M New
OBAWU Oxley Bridge Acquisition Ltd. 0.06% 1,250,000 $12.5M New
BACCU Blue Acquisition Corp. 0.06% 1,200,000 $12.0M New
BRDG Bridge Investment Grp HDS-A 0.06% 1,117,825 $11.2M Add +299.5%
INFA Informatica Inc. Class A 0.06% 456,793 $11.1M New
FACT Fact II Acquisition Corp. 0.05% 1,061,498 $10.9M New
INTU Intuit Inc. 0.05% 13,599 $10.7M Add +1737.7%
GDDY GoDaddy Inc. Class A 0.05% 59,292 $10.7M New
IPCX Inflection Point Acquisiti-A 0.05% 1,000,000 $10.5M New
RDAG Republic Digital Acquis Class A 0.05% 1,000,000 $10.5M New
GTEN Gores Holdings X Inc. Class A 0.05% 1,022,724 $10.5M New
DRDB Roman DBDR Acquisition Corp. 0.05% 1,000,000 $10.3M No change
LWACU Lightwave Acquisition Corp. 0.05% 1,022,800 $10.3M New
CMCSA Comcast Corp. Class A 0.05% 287,276 $10.3M Add +939.6%
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.05% 1,000,000 $10.0M New
PACHU Pioneer Acquisition I Corp. 0.05% 1,000,000 $10.0M New
ROST Ross Stores Inc. 0.05% 78,459 $10.0M New
OC Owens Corning 0.05% 70,132 $9.6M Add +112.6%
PCAPU Procap Acquisition Corp. 0.05% 896,900 $9.6M New
IT Gartner Inc. 0.05% 23,756 $9.6M Reduce -18.0%
MFC Manulife Financial Corp. 0.05% 299,075 $9.6M New
PCTY Paylocity Holding Corp. 0.05% 52,507 $9.5M Add +109.2%
PODD Insulet Corp. 0.05% 30,043 $9.4M New
CRH CRH PLC 0.05% 102,605 $9.4M Add +39.2%
LMT Lockheed Martin Corp. 0.05% 20,222 $9.4M Add +60.6%
PRMB Primo Brands Corp. 0.05% 314,373 $9.3M New
CNC Centene Corp. 0.05% 171,417 $9.3M Add +34.1%
IEX Idex Corp. 0.05% 52,885 $9.3M Add +0.9%
CCIR Cohen Circle Acquisitio Class A 0.05% 860,000 $9.3M Add +54.3%
KEYS Keysight Technologies Inc. 0.05% 56,595 $9.3M Add +160.0%
JENA.U Jena Acquisition Corp. II 0.05% 900,000 $9.3M New
PSA Public Storage 0.05% 31,424 $9.2M New
HUM Humana Inc. 0.05% 37,627 $9.2M New
STE Steris PLC 0.05% 38,287 $9.2M New
INVH Invitation Homes Inc. 0.05% 277,950 $9.1M Add +70.5%
MDT Medtronic PLC 0.05% 104,353 $9.1M Reduce -14.5%

Show all 769 holdings

Options reported separately and not counted above: HYG puts ($15.5M).

Other holdings (100): bonds, preferreds, convertibles and warrants · $813.9M (not counted above)
SecurityClassShares / PrincipalValueChange
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 51,136,000$65.4MNew
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 60,950,000$60.6MAdd +118.1%
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 51,425,000$57.0MNew
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 47,849,000$50.0MNew
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 29,250,000$38.3MNew
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 36,500,000$38.2MAdd +37.7%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 37,246,000$35.1MAdd +15.1%
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 25,692,000$34.8MReduce -36.4%
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 30,620,000$30.3MReduce -47.4%
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 30,000,000$28.9MAdd +30.4%
WHEELER REIT INC (WHLR 7 12/31/31) 7% SR NT 31 190,823$28.9MNo change
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 25,100,000$24.8MAdd +47.9%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 460,000$24.7MAdd +76.9%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 25,000,000$24.3MNew
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 20,000,000$20.4MNew
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B 310,000$18.9MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 250,000$18.8MNo change
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 16,895,000$17.9MReduce -47.6%
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal 9,978,000$17.7MReduce -4.2%
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 19,275,000$17.3MAdd +119.7%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 350,000$16.5MNo change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 15,500,000$16.2MNew
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 250,000$14.8MNo change
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal 11,437,000$13.7MNo change
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 12,500,000$13.3MNew
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 10,000,000$11.4MNo change
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 10,000,000$10.3MAdd +17.6%
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 6,880,000$10.2MNew
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 314,750$10.1MReduce -40.0%
TXNM ENERGY INC (TXNM 5.75 06/01/54) NOTE 5.750% 6/0 · principal 7,000,000$9.1MNew
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 100,000$6.8MNew
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 50,000$5.8MNew
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 980,099$2.3MNo change
GSRTR GSR III Acquisition Corp. RIGHT 99/99/9999 285,425$2.0MNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 1,105,644$1.9MNew
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 559,005$1.1MAdd +67.7%
WHEELER REIT INC (WHLR 9 PERP B) CV PFD SER B 218,512$866KNew
EQV VENTURES ACQUISITION *W EXP 07/01/203 1,143,450$839KNo change
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 375,000$638KNew
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 875,000$613KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 825,000$565KNew
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 502,508$503KNew
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 949,549$494KNew
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 750,000$488KNew
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 990,000$416KNew
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 1,100,000$407KNew
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 1,500,000$406KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 1,750,000$403KNew
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 1,000,000$400KNew
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 583,330$359KNew
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 1,750,000$350KNew
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 955,127$347KNew
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 500,000$345KNew
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 660,000$323KAdd +0.1%
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 375,000$319KNew
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 1,078,110$313KNew
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 150,000$306KNew
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 1,900,000$304KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 625,000$303KNo change
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 928,125$297KNew
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 972,598$272KNew
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 972,598$267KNew
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 900,000$264KNew
ATIIW Archimedes Tech-30 *W EXP 10/15/202 650,000$251KNo change
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 500,000$250KNew
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 900,000$239KNew
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 806,677$230KNew
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 625,000$225KNew
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 193,330$222KNew
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 700,000$217KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 730,033$201KNew
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 800,000$200KNew
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 650,000$188KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,250,000$181KNo change
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 650,000$176KNew
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 700,000$175KNo change
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 375,000$171KNew
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 600,000$168KNo change
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 725,000$167KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 600,000$165KNew
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 255,681$151KNew
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 530,749$146KNew
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 450,000$144KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 500,000$133KNew
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 400,000$126KNo change
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 637,500$121KNew
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 407,133$110KNew
BACQR Inflection Point Acquisition RIGHT 11/04/2026 300,000$97KNew
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 250,000$71KNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 175,000$63KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 185,625$61KNew
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 250,000$53KNew
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 273,700$46KNew
PELIR Pelican Acquisition Corp.-RTS RIGHT 05/02/2030 194,996$37KNew
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 200,000$36KNo change
TGE.WS Generation Essentials - 30 *W EXP 02/15/202 70,000$28KNew
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 75,000$11KNew
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 75,000$8KNew
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 99,000$7KNew
BARK.WS Original Bark Co./the -CW25 *W EXP 05/01/202 228,861$3KReduce -18.7%

Total filed on the 13F, all lines: $20.6B.

Portfolio Sells Q1 2025 → Q2 2025
BECN Beacon Roofing Supply Inc. Sold out 0.00% −1.31
DFS Discover Financial Services Sold out 0.00% −1.24
VRN Veren Inc. Sold out 0.00% −1.20
PYCR Paycor HCM Inc. Sold out 0.00% −1.18
BERY Berry Global Group Inc. Sold out 0.00% −1.11
PLYA Playa Hotels & Resorts NV Sold out 0.00% −0.95
K Kellanova Reduce -1.3% 0.45% −0.88
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −0.82
PTVE Pactiv Evergreen Inc. Sold out 0.00% −0.79
ANSS Ansys Inc. Reduce -1.6% 0.45% −0.71
HEES H&E Equipment Services Inc. Sold out 0.00% −0.69
JNPR Juniper Networks Inc. Reduce -2.8% 0.42% −0.69
ACCD Accolade Inc. Sold out 0.00% −0.57
CMRX Chimerix Inc. Sold out 0.00% −0.48
CCIXU Churchill Capital Corp. Ix Sold out 0.00% −0.37
FBMS First Bancshares Inc. Sold out 0.00% −0.37
VLOSU M3-Brigade Acquisition V Cor Reduce -100.0% 0.00% −0.36
VACHU Voyager Acquisition Corp. Sold out 0.00% −0.32
LPBBU Launch Two Acquisition Corp. Sold out 0.00% −0.29
CUBWU Lionheart Holdings Reduce -100.0% 0.00% −0.29
LPAAU Launch One Acquisition Corp. Reduce -100.0% 0.00% −0.29
SIMAU Sim Acquisition Corp. I Reduce -100.0% 0.00% −0.29
ALDFU Aldel Financial II Inc. Reduce -100.0% 0.00% −0.28
ALFUU Centurion Acquisition Corp. Sold out 0.00% −0.27
VCICU Vine Hill Cap Invest-Unit Sold out 0.00% −0.26
SASR Sandy Spring Bancorp Inc. Sold out 0.00% −0.26
TONT.U Graf Global Corp. Reduce -100.0% 0.00% −0.24
IMSR Terrestrial Energy Inc. Reduce -28.7% 0.08% −0.21
AVGO Broadcom Inc. Sold out 0.00% −0.16
KNX Knight-Swift Transportation Sold out 0.00% −0.16
SYF Synchrony Financial Sold out 0.00% −0.16
ACM Aecom Reduce -98.3% 0.00% −0.16
ADI Analog Devices Inc. Sold out 0.00% −0.16
HPQ HP Inc. Reduce -94.6% 0.00% −0.16
OKTA Okta Inc. Sold out 0.00% −0.16
TRI Thomson Reuters Corp. Sold out 0.00% −0.15
FACTU Fact II Acquisition Corp. Reduce -100.0% 0.00% −0.15
SM SM Energy Co. Sold out 0.00% −0.15
USFD US Foods Holding Corp. Sold out 0.00% −0.14
HST Host Hotels & Resorts Inc. Sold out 0.00% −0.14
AWI Armstrong World Industries Sold out 0.00% −0.14
EQIX Equinix Inc. Reduce -70.3% 0.02% −0.14
PSX Phillips 66 Reduce -75.1% 0.01% −0.14
ECL Ecolab Inc. Reduce -67.5% 0.02% −0.14
NOW ServiceNow Inc. Reduce -96.2% 0.00% −0.13
J Jacobs Solutions Inc. Reduce -55.8% 0.03% −0.13
ICLR Icon PLC Reduce -91.4% 0.00% −0.13
A Agilent Technologies Inc. Reduce -32.1% 0.04% −0.13
IT Gartner Inc. Reduce -18.0% 0.05% −0.13
CEG Constellation Energy Sold out 0.00% −0.12

Portfolio Buys Q1 2025 → Q2 2025
DNB Dun & Bradstreet Holdings Inc. New 0.49% +0.49
SWTX Springworks Therapeutics Inc. New 0.49% +0.49
TXNM TXNM Energy Inc. New 0.47% +0.47
BPMC Blueprint Medicines Corp. Add +15881.8% 0.47% +0.47
SKX Skechers USA Inc. Class A New 0.45% +0.45
AVDX Avidxchange Holdings Inc. New 0.42% +0.42
FARO Faro Technologies Inc. New 0.33% +0.33
ETWO E2OPEN Parent Holdings Inc. New 0.31% +0.31
COOP Mr Cooper Group Inc. Add +1179.3% 0.29% +0.24
CTLP Cantaloupe Inc. Add +10162.7% 0.18% +0.18
SPTN Spartannash Co. New 0.14% +0.14
VLOS Velos Acquisition I Corp. New 0.13% +0.13
VACH Voyager Acquisition Corp. New 0.11% +0.11
TACH Titan Acquisition Corp. Class A New 0.11% +0.11
CCIX Churchill Capital Corp. Ix New 0.11% +0.11
LPBB Launch Two Acquisition Class A New 0.10% +0.10
CCCXU Churchill Capital Corp. X New 0.10% +0.10
SIMA Sim Acquisition Corp. I-A New 0.10% +0.10
LPAA Launch One Acquisition Corp. New 0.10% +0.10
CUB Lionheart Holdings Class A New 0.10% +0.10
ALDF Aldel Financial II Inc. New 0.10% +0.10
ALF Centurion Acquisition Corp. New 0.10% +0.10
MLAC Mountain Lake Acquisition-A New 0.10% +0.10
KCHVU Kochav Defense Acquisition C New 0.10% +0.10
VCIC Vine Hill Capital Class A New 0.09% +0.09
NPAC New Providence Acquisition-A New 0.09% +0.09
SOUL.U Soulpower Acquisition Corp. New 0.09% +0.09
SDHI Siddhi Acquisition Corp. Class A New 0.09% +0.09
SZZL Sizzle Acquisition Corp. Class A New 0.09% +0.09
TACO Berto Acquisition Corp. New 0.09% +0.09
TONT Graf Global Corp. Class A New 0.09% +0.09
GSRT GSR III Acquisition Corp. New 0.08% +0.08
PMTR Perimeter Acquis Corp. I Class A New 0.08% +0.08
BLUWU Blue Water Acquisition III New 0.08% +0.08
NTWO Newbury Street II Ac Class A New 0.08% +0.08
POLE Andretti Acquisition Corp. Class A New 0.07% +0.07
TVACU Texas Ventures Acquisition I New 0.07% +0.07
TDAC Translational Development Ac New 0.07% +0.07
OYSEU Oyster Enterprises II Acquis New 0.07% +0.07
KFII K&F Growth Acquisition Cor-A New 0.06% +0.06
OBAWU Oxley Bridge Acquisition Ltd. New 0.06% +0.06
BACCU Blue Acquisition Corp. New 0.06% +0.06
INFA Informatica Inc. Class A New 0.06% +0.06
FACT Fact II Acquisition Corp. New 0.05% +0.05
GDDY GoDaddy Inc. Class A New 0.05% +0.05
IPCX Inflection Point Acquisiti-A New 0.05% +0.05
RDAG Republic Digital Acquis Class A New 0.05% +0.05
GTEN Gores Holdings X Inc. Class A New 0.05% +0.05
LWACU Lightwave Acquisition Corp. New 0.05% +0.05
ROST Ross Stores Inc. New 0.05% +0.05

Notes & Other Activity Q1 2025 → Q2 2025
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal New 51,136,000 $65.4M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Add +118.1% 60,950,000 $60.6M
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal Sold out 56,650,000 $57.4Mbefore exit
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal New 51,425,000 $57.0M
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal New 47,849,000 $50.0M
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal New 29,250,000 $38.3M
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal Add +37.7% 36,500,000 $38.2M
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal Add +15.1% 37,246,000 $35.1M
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal Reduce -36.4% 25,692,000 $34.8M
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Reduce -47.4% 30,620,000 $30.3M
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Add +30.4% 30,000,000 $28.9M
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal Sold out 28,797,000 $27.3Mbefore exit
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal Add +47.9% 25,100,000 $24.8M
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Add +76.9% 460,000 $24.7M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal New 25,000,000 $24.3M
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal New 20,000,000 $20.4M
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal Sold out 22,700,000 $19.8Mbefore exit
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal Sold out 15,000,000 $18.1Mbefore exit
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Reduce -47.6% 16,895,000 $17.9M
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Reduce -4.2% 9,978,000 $17.7M
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal Add +119.7% 19,275,000 $17.3M
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal New 15,500,000 $16.2M
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal New 12,500,000 $13.3M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal Sold out 11,210,000 $10.5Mbefore exit
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal Add +17.6% 10,000,000 $10.3M
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal New 6,880,000 $10.2M
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Reduce -40.0% 314,750 $10.1M
TXNM ENERGY INC (TXNM 5.75 06/01/54) NOTE 5.750% 6/0 · principal New 7,000,000 $9.1M
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Sold out 200,000 $8.8Mbefore exit
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal Sold out 9,594,000 $8.4Mbefore exit
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 100,000 $6.8M
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF New 50,000 $5.8M
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal Sold out 4,000,000 $4.0Mbefore exit
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 New 1,105,644 $1.9M
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 Add +67.7% 559,005 $1.1M
WHEELER REIT INC (WHLR 9 PERP B) CV PFD SER B New 218,512 $866K
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 New 375,000 $638K
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 New 825,000 $565K
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 New 502,508 $503K
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 New 949,549 $494K
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 New 750,000 $488K
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 New 990,000 $416K
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 New 1,100,000 $407K
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 New 1,750,000 $403K
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 New 1,000,000 $400K
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 New 583,330 $359K
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 New 1,750,000 $350K
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 New 955,127 $347K
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 New 500,000 $345K
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 Add +0.1% 660,000 $323K

Showing the first 50 of 82.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 894$9.9BCRWV, WBS, KVUE, GTLS, NSC
Q1 2026 942$9.2BCRWV, AL, GTLS, TXNM, PEN
Q4 2025 763$9.5BCRWV, GTLS, AL, TXNM, NSC
Q3 2025 738$15.5BCRWV, NSC, CYBR, AL, MRUS
Q2 2025 769$19.8BCRWV, DNB, SWTX, BPMC, TXNM
Q1 2025 684$7.0BCRWV, K, BECN, DFS, VRN
Q4 2024 554$3.7BSNY, ELAN, JNPR, DFS, BDX
Q3 2024 468$3.9BELAN, GMED, SNY, JNPR, SRCL
Q2 2024 448$4.2BZBH, NVS, BDX, SNY, ELAN
Q1 2024 312$3.8BNVS, MDT, ZBH, SWN, PXD