Magnetar Financial LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Magnetar Financial LLC reported 942 stock positions worth $9.2 billion. Its top holding was Coreweave Class A (CRWV) at 51.3% of the portfolio, followed by Sumisho Air Lease (AL, 0.9%) and Chart Industries (GTLS, 0.9%). Compared with Q4 2025, it opened 517 new positions, sold out of 334, added to 143 and reduced 161. The biggest buy was a new position in Penumbra (PEN) and the biggest sale an exit from Comerica (CMA).

Most Recent 13F
Q2 2026
Location
EVANSTON, IL
CIK
0001352851
Portfolio Value
$9.2B (Q1 2026)
SEC Filing
0001104659-26-059841 ↗ filed May 13, 2026

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 Q2 2025 Q3 2025: $15.5B Q3 2025 Q4 2025: $9.5B Q4 2025 Q1 2026: $9.2B $9.2B Q1 2026 Q2 2026: $9.9B Q2 2026

Holdings 942 stocks · $9.2B
CRWV Coreweave Inc. Class A 51.30% 68,566,394 $4.7B Add +0.6%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.94% 1,342,230 $87.2M Reduce -15.4%
GTLS Chart Industries Inc. 0.94% 420,404 $86.9M Reduce -16.2%
TXNM TXNM Energy Inc. 0.93% 1,475,138 $86.2M Reduce -13.2%
PEN Penumbra Inc. 0.89% 251,433 $82.6M New
WBD Warner Bros Discovery Inc. 0.88% 3,017,092 $81.7M Reduce -5.2%
PRA Proassurance Corp. 0.87% 3,246,435 $80.3M Reduce -6.8%
KVUE Kenvue Inc. 0.86% 4,605,598 $79.4M Reduce -12.5%
WBS Webster Financial Corp. 0.85% 1,136,712 $78.9M Add +14912.0%
AAUC Allied Gold Corp. 0.84% 2,518,867 $78.1M New
NSC Norfolk Southern Corp. 0.84% 275,161 $77.7M Reduce -20.0%
TECK Teck Resources Ltd.-CLS B 0.84% 1,497,834 $77.5M Reduce -20.4%
MASI Masimo Corp. 0.82% 427,081 $76.0M Add +7729.2%
DBRG Digitalbridge Group Inc. 0.70% 4,215,748 $65.0M Add +91.3%
CSGS CSG Systems Intl Inc. 0.70% 807,431 $64.5M Add +0.4%
FOLD Amicus Therapeutics Inc. 0.62% 3,986,058 $57.6M Add +0.5%
TPH Tri Pointe Homes Inc. 0.60% 1,188,448 $55.5M Add +1684.0%
SLAB Silicon Laboratories Inc. 0.55% 245,824 $51.2M New
WTRG Essential Utilities Inc. 0.52% 1,203,685 $48.5M Add +0.4%
VAL Valaris Ltd. 0.52% 487,289 $47.8M Add +5972.1%
NSA National Storage Affiliates 0.50% 1,228,472 $46.4M New
ACLX Arcellx Inc. 0.49% 394,931 $45.3M New
UNF Unifirst Corp. 0.47% 171,873 $43.2M New
VECO Veeco Instruments Inc. 0.46% 1,266,626 $42.9M Reduce -25.1%
QRVO Qorvo Inc. 0.45% 541,194 $41.9M Reduce -0.3%
THR Thermon Group Holdings Inc. 0.41% 757,996 $38.2M New
LBRDK Liberty Broadband-C 0.39% 723,751 $36.4M Reduce -1.9%
APLS Apellis Pharmaceuticals Inc. 0.38% 869,229 $35.0M New
SKYT Skywater Technology Inc. 0.35% 1,175,584 $32.2M New
IMXI International Money Express 0.33% 1,924,410 $30.4M Add +0.4%
STEL Stellar Bancorp Inc. 0.32% 812,216 $29.7M New
CTLP Cantaloupe Inc. 0.31% 2,680,584 $29.0M Reduce -26.6%
SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC 0.31% 1,715,845 $28.3M New
CCXI Churchill Capital Corp. Class A 0.30% 2,700,000 $27.4M No change
DMII Drugs Made in America Acquis 0.29% 2,700,000 $26.9M No change
EVAC Eqv Ventures Acquisition C-A 0.27% 2,499,993 $25.2M No change
TACH Titan Acquisition Corp. Class A 0.25% 2,200,000 $22.7M No change
TALK Talkspace Inc. 0.24% 4,258,633 $22.0M New
RPT Rithm Property Trust Inc. 0.24% 1,639,033 $21.9M No change
LPBB Launch Two Acquisition Class A 0.23% 1,980,000 $21.0M No change
LPAA Launch One Acquisition Corp. 0.23% 1,945,196 $20.9M No change
SIMA Sim Acquisition Corp. I-A 0.23% 1,945,196 $20.8M No change
RAC Rithm Acquisition Corp. Class A 0.22% 1,980,000 $20.7M No change
CUB Lionheart Holdings Class A 0.22% 1,910,254 $20.6M No change
AXTA Axalta Coating Systems Ltd. 0.22% 741,572 $20.5M Add +0.4%
ALDF Aldel Financial II Inc. 0.22% 1,899,098 $20.1M No change
ALF Centurion Acquisition Corp. 0.22% 1,856,250 $20.0M No change
MLAC Mountain Lake Acquisition-A 0.22% 1,900,000 $20.0M No change
MLAA Mountain Lake Acquisiti Class A 0.21% 2,000,000 $19.7M New
KCHV Kochav Defense Acquisition-A 0.21% 1,900,000 $19.5M No change
AACOU Abony Acquisition Corp. I 0.21% 1,950,000 $19.4M New
VNME Vendome Acquisition Corp. Class A 0.20% 1,850,000 $18.7M No change
ILLUU Illumination Acquisition Cor 0.20% 1,850,000 $18.4M New
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.20% 1,750,000 $18.2M No change
SDHI Siddhi Acquisition Corp. Class A 0.20% 1,750,000 $18.1M No change
SZZL Sizzle Acquisition Corp. Class A 0.19% 1,750,000 $18.0M No change
SOUL Soulpower Acquisition Co. Class A 0.19% 1,750,000 $17.9M No change
NPAC New Providence Acquisition-A 0.19% 1,749,990 $17.9M No change
ZKP Lafayette Digital Acquisitio 0.19% 1,800,000 $17.9M New
DBCAU D Boral Acquisition I Corp. 0.19% 1,750,000 $17.7M New
CVGW Calavo Growers Inc. 0.19% 671,272 $17.3M New
TONT Graf Global Corp. Class A 0.19% 1,613,354 $17.3M No change
SORN Soren Acquisition Corp. Class A 0.19% 1,749,993 $17.2M New
CAQUU Cambridge Acquisition Corp. 0.18% 1,700,000 $16.9M New
TACO Berto Acquisition Corp. 0.18% 1,650,000 $16.9M No change
ZIM Zim Integrated Shipping Serv 0.17% 595,256 $15.7M New
KCAC.U Kensington Capital Acquisiti 0.17% 1,549,399 $15.6M New
FERA Fifth Era Acquisition Corp. Class A 0.17% 1,500,000 $15.4M No change
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.17% 1,500,000 $15.4M No change
PMTR Perimeter Acquis Corp. I Class A 0.17% 1,500,000 $15.4M No change
NTWO Newbury Street II Ac Class A 0.17% 1,450,000 $15.3M No change
IEAG Infinite Eagle Class-A 0.16% 1,500,000 $15.0M New
POLE Andretti Acquisition Corp. Class A 0.16% 1,400,000 $14.9M No change
SUMAU Suma Acquisition Corp. 0.16% 1,485,000 $14.9M New
CRAC Crown Reserve Acquisiti Class A 0.16% 1,485,000 $14.8M No change
TERN Terns Pharmaceuticals Inc. 0.16% 281,614 $14.8M New
IRHO Iron Horse Acquisitions Corp. 0.16% 1,500,000 $14.8M No change
KRAQ Krakacquisition Corp. Class A 0.16% 1,500,000 $14.8M New
PTOR Praetorian Acquisition Cor-A 0.16% 1,500,000 $14.7M New
TVA Texas Ventures Acquisition-A 0.16% 1,400,000 $14.5M No change
RNGT Range Capital Acquisit Class A 0.15% 1,400,000 $14.0M No change
DAWN Day One Biopharmaceuticals I 0.15% 645,173 $13.8M New
XCBE X3 Acquisition Corp. Ltd. Class A 0.15% 1,400,000 $13.8M New
TDAC Translational Development Ac 0.15% 1,300,000 $13.7M No change
SVCC Stellar V Capital Corp. Class A 0.15% 1,300,000 $13.6M No change
ATII Archimedes Tech Spac Partner 0.15% 1,300,000 $13.6M No change
OYSE Oyster Enterprises II Acq-A 0.14% 1,300,000 $13.2M No change
NWE Northwestern Energy Group Inc. 0.14% 198,460 $13.1M Add +0.4%
KFII K&F Growth Acquisition Cor-A 0.14% 1,250,000 $13.0M No change
BBCQ Bleichroeder Acquis II Class A 0.14% 1,299,993 $13.0M New
NHIC Newhold Investment Cor III-A 0.14% 1,250,000 $13.0M No change
OBA Oxley Bridge Acquisitio Class A 0.14% 1,250,000 $12.7M No change
GSRF GSR IV Acquisition Corp. Class A 0.14% 1,249,976 $12.5M New
AMWD American Woodmark Corp. 0.14% 313,986 $12.5M Add +0.4%
ALUB Alussa Energy Acquisit II-A 0.14% 1,249,992 $12.5M New
IACOU Idea Acquisition Corp. 0.13% 1,250,000 $12.4M New
ITHA Ithax Acquisition Corp. Class A 0.13% 1,250,000 $12.4M No change
MESH Meshflow Acquisition Co. Class A 0.13% 1,249,992 $12.4M New
BACC Blue Acquisition Corp. Class A 0.13% 1,198,763 $12.2M No change
AEXA American Exceptionalism Class A 0.13% 1,100,000 $11.9M No change

Show all 942 holdings

Options reported separately and not counted above: IWM puts ($13.8M).

Other holdings (187): bonds, preferreds, convertibles and warrants · $587.2M (not counted above)
SecurityClassShares / PrincipalValueChange
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 74,694,000$74.6MAdd +27.1%
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 69,425,000$71.6MAdd +11.2%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 59,021,000$61.3MAdd +57.3%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 925,000$60.3MAdd +85.0%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 1,025,000$58.9MNew
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 32,736,000$45.5MReduce -24.3%
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 650,000$29.8MNew
NOVANTA INC (NOVT 6.5 11/01/28) UNIT 11/01/2028 500,000$26.8MAdd +400.0%
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 450,000$22.6MNew
WHEELER REIT INC (WHLR 7 12/31/31) 7% SR NT 31 190,823$18.1MNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 250,000$18.0MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 250,000$14.7MNo change
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 382,250$14.0MReduce -57.9%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 11,673,000$10.8MNo change
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 145,660$8.0MReduce -78.7%
MARA HOLDINGS INC (MARA 0 03/01/30) NOTE 3/0 · principal 7,000,000$6.2MReduce -86.3%
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 4,000,000$4.6MNew
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 77,250$4.4MReduce -77.9%
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 100,000$4.3MNew
IMSRW HCM II Acquisition Corp. - 29 *W EXP 10/28/203 780,000$2.0MReduce -13.8%
WHEELER REIT INC (WHLR 9 PERP B) CV PFD SER B 218,512$1.6MNo change
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 495,008$1.4MReduce -17.4%
INFQ.WS Churchill Capital Corp. X *W EXP 02/17/203 300,000$1.3MNew
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 874,600$1.3MReduce -0.1%
FTW.WS Presidio Pubco Inc. *W EXP 03/04/203 623,224$505KNew
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 375,000$497KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 1,900,000$494KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 750,000$450KNo change
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 1,900,000$437KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 1,500,000$422KNo change
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 433,331$412KNew
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 660,000$410KNo change
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 178,568$381KNew
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 1,750,000$371KNo change
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 799,984$361KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 500,000$358KNo change
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 1,185,000$356KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 1,750,000$347KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 1,000,000$345KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 700,000$336KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 737,000$332KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 650,000$332KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 1,750,000$315KNo change
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 1,100,000$308KNo change
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 972,598$304KNo change
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 949,549$304KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 625,000$281KNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 268,080$279KNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 1,030,100$278KReduce -0.7%
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 1,500,000$270KNew
SAAQW Space Asset Acquisition Corp. *W EXP 03/31/203 300,000$263KNew
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 833,331$258KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 800,000$240KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 825,000$235KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 700,000$231KNew
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 925,000$227KNo change
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 375,000$225KNew
CRACR Crown Reserve Acquisitio-RTS RIGHT 10/06/2030 1,485,000$223KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 1,300,000$221KNo change
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 500,000$220KNo change
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 2,700,000$216KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 341,200$205KNo change
IRHOR Iron Horse Acquisiti- Rights RIGHT 07/11/2030 1,500,000$203KNo change
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 695,261$201KNew
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 700,000$200KNo change
CCXIW Churchill Capital Corp. Xi *W EXP 12/10/203 270,000$196KNo change
SORNW Soren Acquisition Corp. *W EXP 12/19/203 583,331$187KNew
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 637,500$185KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 600,000$183KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,250,000$178KNo change
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 650,000$176KNo change
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 700,000$175KNew
IGACR Invest Green Acquisition-RTS RIGHT 11/17/2030 1,000,000$170KNo change
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 419,597$168KReduce -20.9%
ALUB.WS Alussa Energy Acquisition-30 *W EXP 99/99/999 416,664$167KNo change
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 900,000$165KNo change
ARCIW Archimedes Tech Spac Partner *W EXP 01/23/203 300,000$165KNew
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 600,000$163KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 308,022$162KReduce -6.1%
PTORW Praetorian Acquisition Corp. *W EXP 01/16/203 500,000$160KNew
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 990,000$155KNo change
SVAQW Silicon Valley Acquisition C *W EXP 12/08/203 550,000$154KNo change
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 725,000$152KNo change
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 450,000$152KNew
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 499,999$149KNo change
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 1,078,110$148KNo change
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 250,000$148KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 730,033$146KNo change
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 375,000$141KNo change
KTWOR K2 Capital Acquisition C-RTS RIGHT 07/30/2027 650,000$137KNew
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 800,000$136KNo change
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 972,598$136KNo change
UAC.WS United Acquisition Corp. I *W EXP 99/99/999 250,000$135KNew
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 464,644$135KNo change
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 900,000$134KNo change
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 266,664$133KNew
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 237,500$133KNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 175,000$133KNo change
ITHAW Ithax Acquisition Corp. III *W EXP 11/17/203 625,000$132KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 333,329$132KNo change
MLAAW Mountain Lake Acquisition Co. *W EXP 99/99/999 1,000,000$130KNew
EVOXW Evolution Global Acquisition *W EXP 10/22/203 350,000$130KNew
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 375,000$129KNo change
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 625,000$128KNo change
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 511,400$128KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 255,681$128KNo change
SCPQW Social Commerce Partner - 30 *W EXP 02/13/203 408,974$127KNo change
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 366,665$127KNew
MESHW Meshflow Acquisition Corp. *W EXP 11/20/203 416,664$125KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 250,000$122KNo change
LEGO.WS Legato Merger Corp. IV *W EXP 99/99/999 366,665$122KNew
AEAQW Activate Energy Acquisition *W EXP 11/10/203 400,000$122KNo change
ALOVW Aldabra 4 Liquidity Opportun *W EXP 12/23/203 400,000$120KNew
ZKPW Lafayette Digital Acqu - 31 *W EXP 12/23/203 450,000$119KNew
BIII.WS Black Spade Acquisition III *W EXP 99/99/999 333,331$117KNew
HCACR Hall Chadwick Acquisi-Rights RIGHT 11/20/2030 500,000$115KNo change
KBONW Karbon Capital Partners Corp. *W EXP 12/11/203 250,000$115KNo change
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 928,125$115KNo change
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 955,127$115KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 450,000$114KNo change
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 333,330$114KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 583,330$111KNo change
GPACW General Purpose Acquisition *W EXP 12/03/203 460,820$111KNo change
XSLLW Xsolla Spac 1 *W EXP 01/12/203 550,000$110KNew
MUZEW Muzero Acquisition - 30 *W EXP 01/30/203 472,275$109KNew
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 500,000$106KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 600,000$105KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 500,000$105KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 806,677$105KNo change
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 175,000$103KNew
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 400,000$100KNo change
ADACW American Dr Acq A -30 *W EXP 02/06/203 333,330$100KNo change
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 425,000$98KNo change
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 650,000$96KNo change
VHCPW Vine Hill Capital Investment *W EXP 11/25/203 262,531$96KAdd +31.1%
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 700,000$92KNo change
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 250,000$91KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 298,964$90KNo change
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 325,000$89KNo change
LFACW Leapfrog Acquisition Corp. *W EXP 11/10/203 350,000$89KNo change
DNMXW Dynamix Corp. III *W EXP 10/10/203 300,000$89KNo change
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 187,500$88KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 400,000$84KNo change
GIXXR GIGCAPITAL9 Corp.-RTS RIGHT 12/01/2030 375,000$83KNew
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 70,741$81KNew
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 300,000$78KNo change
BLRKW Bluerock Acquisition Corp. *W EXP 12/12/203 266,664$77KNo change
ARTCW Art Technology Acquisition C *W EXP 12/19/203 250,000$76KNew
LPCVW Launchpad Cadenza Acquisitio *W EXP 12/15/203 333,330$75KNo change
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 233,331$72KNew
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 150,000$72KNo change
FGIIW FG Imperii Acquisition Corp. *W EXP 10/14/203 400,000$70KNew
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 233,329$70KNew
TWLVR Twelve Seas Investment Co. II RIGHT 11/21/2030 400,000$70KNo change
HAVAR Harvard Ave Acquisition RIGHT 99/99/9999 550,000$69KNo change
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 349,997$67KNew
SCIIR SC II Acquisition Corp.-RT RIGHT 11/26/2030 300,000$65KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 250,000$64KNo change
DSACW Daedalus Spec Acq -30 *W EXP 11/24/203 150,000$63KNo change
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 400,000$62KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 187,915$62KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 350,000$61KNo change
DYORW Insight Digital Partners II *W EXP 10/28/203 200,000$61KNo change
SVIAW Procap Financial Inc. *W EXP 12/05/203 205,000$58KNo change
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 90,000$56KNo change
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 425,000$54KNo change
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 75,000$51KNo change
BEBE.WS Tge Value Creative Solutions *W EXP 09/16/203 200,000$47KNo change
OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 66,665$46KNew
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 200,500$45KNo change
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 175,000$44KNo change
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 273,700$41KNo change
CRACW Crown Reserve Acquisition Co. *W EXP 10/06/203 742,500$35KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 150,481$33KReduce -19.5%
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 300,000$33KNo change
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 225,000$31KNo change
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 200,000$26KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 185,625$23KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 66,664$23KNo change
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 100,000$19KNo change
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 75,000$18KNo change
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 99,000$12KNo change
GTERR Globa Terra Acquisition-RTS RIGHT 06/17/2030 100,000$12KNo change
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 25,000$11KNo change
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 75,000$11KNo change
GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 75,000$10KNo change
NAMMW Namib Minerals *W EXP 06/05/203 70,000$9KReduce -73.8%

Total filed on the 13F, all lines: $9.8B.

Portfolio Sells Q4 2025 → Q1 2026
CMA Comerica Inc. Sold out 0.00% −1.05
REVG Rev Group Inc. Sold out 0.00% −1.03
FYBR Frontier Communications Pare Sold out 0.00% −0.94
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.94
TGNA Tegna Inc. Sold out 0.00% −0.89
RNAM Avidity Biosciences Inc. Sold out 0.00% −0.88
CFLT Confluent Inc. Class A Sold out 0.00% −0.84
EXAS Exact Sciences Corp. Sold out 0.00% −0.76
STAA Staar Surgical Co. Sold out 0.00% −0.60
HOUS Anywhere Real Estate Inc. Sold out 0.00% −0.59
DAY Dayforce Inc. Sold out 0.00% −0.57
CDTX Cidara Therapeutics Inc. Sold out 0.00% −0.54
AHL Aspen Insurance Holdings Class A Sold out 0.00% −0.48
ATXS Astria Therapeutics Inc. Sold out 0.00% −0.47
NGD New Gold Inc. Sold out 0.00% −0.47
FTW Eqv Ventures Acquisition C-A Sold out 0.00% −0.37
VACH Voyager Acquisition Corp. Sold out 0.00% −0.24
MOFG Midwestone Financial Group I Sold out 0.00% −0.23
NSC Norfolk Southern Corp. Reduce -20.0% 0.84% −0.21
CCIX Churchill Capital Corp. Ix Sold out 0.00% −0.21
SHCO Soho House & Co. Inc. Sold out 0.00% −0.20
GTLS Chart Industries Inc. Reduce -16.2% 0.94% −0.15
GSRFU GSR IV Acquisition Corp. Reduce -100.0% 0.00% −0.14
AL Sumisho Air Lease Corp. Reduce -15.4% 0.94% −0.13
ALUB.U Alussa Energy Acquisition Co. Reduce -100.0% 0.00% −0.13
MESHU Meshflow Acquisition Corp. Reduce -100.0% 0.00% −0.13
DVAX Dynavax Technologies Corp. Sold out 0.00% −0.13
TXNM TXNM Energy Inc. Reduce -13.2% 0.93% −0.12
INFQ Infleqtion Inc. Sold out 0.00% −0.12
MBVIU M3-Brigade Acquisition Vi Co. Reduce -100.0% 0.00% −0.12
TECK Teck Resources Ltd.-CLS B Reduce -20.4% 0.84% −0.11
SBXE.U Silverbox Corp. V Reduce -100.0% 0.00% −0.11
ADACU American Drive Acquisition C Reduce -100.0% 0.00% −0.11
VHCP Vine Hill Capital Inves Class A Reduce -76.4% 0.08% −0.11
LPCVU Launchpad Cadenza Acquisitio Reduce -100.0% 0.00% −0.11
BIXIU Bitcoin Infrastructure Acqui Reduce -100.0% 0.00% −0.11
CHAC Crane Harbor Acqu Corp. Class A Sold out 0.00% −0.10
KVUE Kenvue Inc. Reduce -12.5% 0.86% −0.10
GPACU General Purpose Acquisition Reduce -100.0% 0.00% −0.10
CTLP Cantaloupe Inc. Reduce -26.6% 0.31% −0.10
TLNCU Talon Capital Corp. Reduce -100.0% 0.00% −0.09
SCPQU Social Commerce Partners Cor Reduce -100.0% 0.00% −0.09
BA The Boeing Co. Sold out 0.00% −0.08
WBD Warner Bros Discovery Inc. Reduce -5.2% 0.88% −0.08
BLRKU Bluerock Acquisition Corp. Reduce -100.0% 0.00% −0.08
CIO City Office REIT Inc. Sold out 0.00% −0.07
VACI.U Viking Acquisitions Corp. I Reduce -100.0% 0.00% −0.07
LATAU Galata Acquisition Corp. II Reduce -100.0% 0.00% −0.07
YCY.U Aa Mission Acquisition Corp. Reduce -100.0% 0.00% −0.07
ZEUS Olympic Steel Inc. Sold out 0.00% −0.07

Portfolio Buys Q4 2025 → Q1 2026
PEN Penumbra Inc. New 0.89% +0.89
WBS Webster Financial Corp. Add +14912.0% 0.85% +0.85
AAUC Allied Gold Corp. New 0.84% +0.84
MASI Masimo Corp. Add +7729.2% 0.82% +0.81
TPH Tri Pointe Homes Inc. Add +1684.0% 0.60% +0.58
SLAB Silicon Laboratories Inc. New 0.55% +0.55
VAL Valaris Ltd. Add +5972.1% 0.52% +0.51
NSA National Storage Affiliates New 0.50% +0.50
ACLX Arcellx Inc. New 0.49% +0.49
UNF Unifirst Corp. New 0.47% +0.47
THR Thermon Group Holdings Inc. New 0.41% +0.41
APLS Apellis Pharmaceuticals Inc. New 0.38% +0.38
SKYT Skywater Technology Inc. New 0.35% +0.35
DBRG Digitalbridge Group Inc. Add +91.3% 0.70% +0.35
STEL Stellar Bancorp Inc. New 0.32% +0.32
SNCY Sun Country Airlines Holding New 0.31% +0.31
TALK Talkspace Inc. New 0.24% +0.24
MLAA Mountain Lake Acquisiti Class A New 0.21% +0.21
AACOU Abony Acquisition Corp. I New 0.21% +0.21
ILLUU Illumination Acquisition Cor New 0.20% +0.20
ZKP Lafayette Digital Acquisitio New 0.19% +0.19
DBCAU D Boral Acquisition I Corp. New 0.19% +0.19
CVGW Calavo Growers Inc. New 0.19% +0.19
SORN Soren Acquisition Corp. Class A New 0.19% +0.19
CAQUU Cambridge Acquisition Corp. New 0.18% +0.18
ZIM Zim Integrated Shipping Serv New 0.17% +0.17
KCAC.U Kensington Capital Acquisiti New 0.17% +0.17
IEAG Infinite Eagle Class-A New 0.16% +0.16
SUMAU Suma Acquisition Corp. New 0.16% +0.16
TERN Terns Pharmaceuticals Inc. New 0.16% +0.16
KRAQ Krakacquisition Corp. Class A New 0.16% +0.16
PTOR Praetorian Acquisition Cor-A New 0.16% +0.16
DAWN Day One Biopharmaceuticals I New 0.15% +0.15
XCBE X3 Acquisition Corp. Ltd. Class A New 0.15% +0.15
BBCQ Bleichroeder Acquis II Class A New 0.14% +0.14
GSRF GSR IV Acquisition Corp. Class A New 0.14% +0.14
ALUB Alussa Energy Acquisit II-A New 0.14% +0.14
IACOU Idea Acquisition Corp. New 0.13% +0.13
MESH Meshflow Acquisition Co. Class A New 0.13% +0.13
ALOV Aldabra 4 Liquidity Opp Class A New 0.13% +0.13
ARCI Archimedes Tech Spac Partner New 0.13% +0.13
MBVI M3-Brigade Acquisition Class A New 0.12% +0.12
TMTSU Spartacus Acqu Corp. II New 0.12% +0.12
LEGO Legato Merger Corp. IV New 0.12% +0.12
XSLL Xsolla Spac 1 Class A New 0.12% +0.12
SVIVU Spring Valley Acquisition Co. New 0.11% +0.11
MTAL.U Metals Acquisition Corp. II New 0.11% +0.11
HACQU HCM IV Acquisition Corp. New 0.11% +0.11
FVAV Fortress Value Acquis V Class A New 0.11% +0.11
ACAAU Averin Capital Acquisition C New 0.11% +0.11

Options Activity Q4 2025 → Q1 2026
ISHARES TR put Sold out 235,000 $25.5Mbefore exit
IWM iShares Russell 2000 ETF put New 57,500 $13.8M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2025 → Q1 2026
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal Add +27.1% 74,694,000 $74.6M
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal Add +11.2% 69,425,000 $71.6M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Add +57.3% 59,021,000 $61.3M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +85.0% 925,000 $60.3M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG New 1,025,000 $58.9M
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Reduce -24.3% 32,736,000 $45.5M
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal Sold out 39,700,000 $42.6Mbefore exit
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal Sold out 14,442,000 $33.1Mbefore exit
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal Sold out 36,500,000 $32.6Mbefore exit
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Sold out 31,030,000 $30.8Mbefore exit
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 650,000 $29.8M
NOVANTA INC (NOVT 6.5 11/01/28) UNIT 11/01/2028 Add +400.0% 500,000 $26.8M
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 New 450,000 $22.6M
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal Sold out 16,457,000 $18.4Mbefore exit
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Reduce -57.9% 382,250 $14.0M
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Sold out 13,503,000 $13.0Mbefore exit
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF Reduce -78.7% 145,660 $8.0M
MARA HOLDINGS INC (MARA 0 03/01/30) NOTE 3/0 · principal Reduce -86.3% 7,000,000 $6.2M
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal New 4,000,000 $4.6M
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Reduce -77.9% 77,250 $4.4M
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A New 100,000 $4.3M
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 Sold out 500,000 $3.9Mbefore exit
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal Sold out 3,000,000 $3.5Mbefore exit
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Sold out 3,062,000 $3.1Mbefore exit
IMSRW HCM II Acquisition Corp. - 29 *W EXP 10/28/203 Reduce -13.8% 780,000 $2.0M
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 Reduce -17.4% 495,008 $1.4M
INFQ.WS Churchill Capital Corp. X *W EXP 02/17/203 New 300,000 $1.3M
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 Reduce -0.1% 874,600 $1.3M
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 Sold out 580,000 $1.0Mbefore exit
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 Sold out 900,000 $720Kbefore exit
FTW.WS Presidio Pubco Inc. *W EXP 03/04/203 New 623,224 $505K
EQV VENTURES ACQUISITION *W EXP 07/01/203 Sold out 925,000 $472Kbefore exit
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 New 433,331 $412K
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 New 178,568 $381K
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 Reduce -0.7% 1,030,100 $278K
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 New 1,500,000 $270K
SAAQW Space Asset Acquisition Corp. *W EXP 03/31/203 New 300,000 $263K
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 New 700,000 $231K
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 New 375,000 $225K
BACQR Inflection Point Acquisition RIGHT 11/04/2026 Sold out 300,000 $221Kbefore exit
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 New 695,261 $201K
SORNW Soren Acquisition Corp. *W EXP 12/19/203 New 583,331 $187K
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 New 700,000 $175K
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 Reduce -20.9% 419,597 $168K
ARCIW Archimedes Tech Spac Partner *W EXP 01/23/203 New 300,000 $165K
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 Reduce -6.1% 308,022 $162K
PTORW Praetorian Acquisition Corp. *W EXP 01/16/203 New 500,000 $160K
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 New 450,000 $152K
KTWOR K2 Capital Acquisition C-RTS RIGHT 07/30/2027 New 650,000 $137K
UAC.WS United Acquisition Corp. I *W EXP 99/99/999 New 250,000 $135K

Showing the first 50 of 73.

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