Mint Tower Capital Management B.V.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Mint Tower Capital Management B.V. reported 108 stock positions worth $407.4 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 42.5% of the portfolio, followed by Launch Two Acquisition Class A (LPBB, 2.5%) and Uber Technologies (UBER, 2.3%). Compared with Q2 2025, it opened 44 new positions, sold out of 24, added to 5 and reduced 8. The biggest buy was a new position in iShares Ethereum Trust ETF (ETHA) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −7%).

Most Recent 13F
Q2 2026
Location
AMSTERDAM, P7
CIK
0001666606
Portfolio Value
$407.4M (Q3 2025)
SEC Filing
0001666606-25-000005 ↗ filed Nov 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $80.3M Q1 2024 Q2 2024: $81.3M Q2 2024 Q3 2024: $101.5M Q3 2024 Q4 2024: $119.9M Q4 2024 Q1 2025: $130.8M Q1 2025 Q2 2025: $349.7M Q2 2025 Q3 2025: $407.4M $407.4M Q3 2025 Q4 2025: $318.8M Q4 2025 Q1 2026: $460.3M Q1 2026 Q2 2026: $408.0M Q2 2026

Holdings 108 stocks · $407.4M
IBIT iShares Bitcoin Trust ETF 42.47% 2,661,535 $173.0M Reduce -6.6%
LPBB Launch Two Acquisition Class A 2.51% 980,000 $10.2M No change
UBER Uber Technologies Inc. 2.32% 96,410 $9.4M Reduce -8.3%
ETHA iShares Ethereum Trust ETF 2.05% 265,500 $8.4M New
HCMAU HCM III Acquisition Corp. 1.90% 750,000 $7.7M New
NHIC Newhold Investment Cor III-A 1.75% 700,000 $7.1M No change
JACS Jackson Acquisition Co. Class A 1.66% 650,000 $6.7M No change
IBAC Ib Acquisition Corp. 1.29% 500,000 $5.3M No change
TACH Titan Acquisition Corp. Class A 1.27% 509,497 $5.2M No change
NPAC New Providence Acquisition-A 1.25% 500,000 $5.1M No change
SPEGU Silver Pegasus Acquisition C 1.25% 500,000 $5.1M New
MBVIU M3-Brigade Acquisition Vi Co. 1.24% 500,000 $5.1M New
OBAWU Oxley Bridge Acquisition Ltd. 1.23% 500,000 $5.0M No change
EMISU Emmis Acquisition Corp. 1.23% 500,000 $5.0M New
SVACU Spring Valley Acquisition Co. 1.14% 450,000 $4.6M New
IPCX Inflection Point Acquisiti-A 1.11% 450,000 $4.5M No change
TLNCU Talon Capital Corp. 1.11% 450,000 $4.5M New
NSC Norfolk Southern Corp. 1.11% 15,000 $4.5M New
CCIIU Cohen Circle Acquisition Cor 1.01% 400,000 $4.1M New
FOX Fox Corp. Class B 0.99% 70,633 $4.0M No change
PACHU Pioneer Acquisition I Corp. 0.99% 400,000 $4.0M No change
CAEP Cantor Equity Partners III-A 0.93% 367,050 $3.8M Reduce -8.2%
TXNM TXNM Energy Inc. 0.83% 60,095 $3.4M Add +9.1%
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.78% 300,000 $3.2M No change
ATII Archimedes Tech Spac Partner 0.75% 300,000 $3.1M No change
FERA Fifth Era Acquisition Corp. Class A 0.75% 300,000 $3.1M No change
SHOP Shopify Inc. Class A 0.74% 20,300 $3.0M New
WENN Wen Acquisition Corp. Class A 0.71% 286,642 $2.9M No change
XRPN Armada Acquisition Class A 0.64% 250,000 $2.6M New
CEPF Cantor Equity Partners Class A 0.63% 250,000 $2.5M New
GSHR Gesher Acquisition Corp. II-A 0.62% 250,000 $2.5M No change
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.62% 250,000 $2.5M New
CRAQ Cal Redwood Acquisit Class A 0.61% 250,000 $2.5M No change
DMIIU Drugs Made in America Acquis 0.61% 250,000 $2.5M New
CUK Carnival PLC-ADR 0.61% 93,690 $2.5M No change
CYBR Cyberark Software Ltd./Israel 0.59% 5,000 $2.4M New
FIGXU Figx Capital Acquisition Cor 0.56% 225,000 $2.3M No change
INAC Indigo Acquisition Corp. 0.55% 225,000 $2.2M New
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.53% 204,293 $2.2M Reduce -20.1%
ONCHU 1RT Acquisition Corp. 0.52% 200,000 $2.1M New
ALDF Aldel Financial II Inc. 0.51% 200,000 $2.1M No change
SVCC Stellar V Capital Corp. Class A 0.51% 200,000 $2.1M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.50% 200,000 $2.0M No change
BDCIU BTC Development Corp. 0.50% 200,000 $2.0M New
LWACU Lightwave Acquisition Corp. 0.49% 200,000 $2.0M No change
BACC Blue Acquisition Corp. Class A 0.49% 200,000 $2.0M No change
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.49% 200,000 $2.0M No change
AXIN Axiom Intelligence Class A 0.49% 200,000 $2.0M No change
TYL Tyler Technologies Inc. 0.48% 3,700 $1.9M New
SCPH Scpharmaceuticals Inc. 0.47% 335,000 $1.9M New
MRUS Merus NV 0.46% 20,000 $1.9M New
ASPC A Spac III Acquisition Class A 0.44% 175,000 $1.8M No change
VNMEU Vendome Acquisition Corp. I 0.43% 175,000 $1.8M New
HAYMAKER ACQUISITION CORP 4 0.42% 150,000 $1.7M No change
CEPT Cantor Equity Partners Class A 0.41% 157,929 $1.7M No change
LEGT Legato Merger Corp. III 0.40% 150,000 $1.6M No change
FCRS.U Futurecrest Acquisition Corp. 0.39% 150,000 $1.6M New
IMAX Imax Corp. 0.38% 47,600 $1.6M New
PELI Pelican Acquisition Corp. 0.37% 150,000 $1.5M No change
ARIS WATER SOLUTIONS INC-A 0.37% 61,110 $1.5M New
OYSE Oyster Enterprises II Acq-A 0.37% 150,000 $1.5M No change
CHECU Chenghe Acquisition III Co. 0.37% 150,000 $1.5M New
INFA Informatica Inc. Class A 0.34% 56,110 $1.4M No change
LEN Lennar Corp. Class A 0.34% 10,875 $1.4M Add +129.0%
GTLS Chart Industries Inc. 0.31% 6,292 $1.3M Reduce -69.7%
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 0.30% 95,424 $1.2M New
PRA Proassurance Corp. 0.29% 50,000 $1.2M Add +35.1%
NETD Nabors Energy Transition C-A 0.28% 100,000 $1.1M No change
MCGA Yorkville Acquisition Corp. Class A 0.26% 100,000 $1.1M New
LPAA Launch One Acquisition Corp. 0.26% 100,000 $1.1M No change
TAVI Tavia Acquisition Corp. 0.25% 100,000 $1.0M No change
MLAC Mountain Lake Acquisition-A 0.25% 100,000 $1.0M No change
ETNB 89BIO Inc. 0.25% 70,000 $1.0M New
UYSC Uy Scuti Acquisition Corp. 0.25% 100,000 $1.0M No change
EGHA Egh Acquisition Co. Class A 0.25% 100,000 $1.0M No change
EVAC.U Eqv Ventures Acquisition Cor 0.25% 100,000 $1.0M New
APADU A Paradise Acquisition Corp. 0.24% 100,000 $998K New
LATAU Galata Acquisition Corp. II 0.24% 100,000 $998K New
SRDX Surmodics Inc. 0.22% 30,043 $898K No change
RANG Range Capital Acquisition Co. 0.21% 85,000 $875K No change
RFAI RF Acquisition Corp. II 0.21% 80,000 $859K No change
FYBR Frontier Communications Pare 0.18% 20,000 $747K No change
CCRN Cross Country Healthcare Inc. 0.18% 50,785 $721K Add +23.5%
CEPO Cantor Equity Partners I-A 0.17% 65,376 $684K Reduce -34.6%
CCIX Churchill Capital Corp. Ix 0.13% 50,000 $524K No change
PCAP Procap Acquisition Corp. Class A 0.13% 50,000 $514K No change
DISTOKEN ACQUISITION CORP 0.12% 299,840 $507K Reduce -38.5%
MKLYU McKinley Acquisition Corp. 0.12% 50,000 $500K New
BRR Columbus Circle Capital Co. Class A 0.11% 44,879 $454K No change
BSAA Best Spac I Acquisition-A 0.11% 45,000 $452K New
URA Global X Uranium ETF 0.09% 7,500 $358K Reduce -53.4%
MTH Meritage Homes Corp. 0.09% 4,800 $348K New
VRNA Verona Pharma Ltd. 0.08% 3,134 $334K New
HOUS Anywhere Real Estate Inc. 0.07% 25,000 $265K New
BLZRU Trailblazer Acquisition Corp. 0.06% 25,000 $256K New
HVMCU Highview Merger Corp. 0.06% 25,000 $253K New
D Dominion Energy Inc. 0.03% 2,000 $122K New
HEI.A Heico Corp. Class A 0.03% 444 $113K No change
AIIO Robo.ai Inc. 0.02% 24,804 $65K No change
KRE SS SPDR S&P Regional Bank 0.02% 1,000 $63K New

Show all 108 holdings

Options reported separately and not counted above: UBER puts ($16.0M), KRE calls ($7.3M), KRE puts ($7.0M), RY calls ($5.2M), RY puts ($5.0M), ENB calls ($2.5M), ENB puts ($2.5M), D calls ($612K), D puts ($612K).

Other holdings (85): bonds, preferreds, convertibles and warrants · $390.3M (not counted above)
SecurityClassShares / PrincipalValueChange
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 85,500,000$157.6MAdd +16.3%
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal 26,600,000$51.5MNew
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 20,500,000$45.8MReduce -19.6%
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 13,000,000$35.1MNo change
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 11,000,000$27.0MNew
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 5,988,000$18.8MNew
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 7,000,000$11.0MNew
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 10,000,000$9.9MNew
ENPHASE ENERGY INC (ENPH 0 03/01/26) NOTE 3/0 · principal 4,000,000$3.9MNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 350,000$3.6MNo change
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal 2,000,000$2.6MNew
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 254,748$2.6MNo change
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal 1,865,000$2.3MNew
BILL HOLDINGS INC (BILL 0 12/01/25) NOTE 12/0 · principal 1,993,000$2.0MNo change
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal 1,500,000$1.9MNew
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 166,666$1.7MNew
ATIIW Archimedes Tech-30 *W EXP 10/15/202 150,000$1.5MNo change
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 143,321$1.4MNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 125,000$1.3MNo change
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 100,000$1.0MNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 100,000$1.0MNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 100,000$997KNo change
VWAVW Visionwave Holdings Inc. *W EXP 07/14/203 100,000$953KNew
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 50,000$536KNew
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 50,000$506KNo change
PEW.WS Grabagun Digital Holdings Inc. *W EXP 99/99/999 99,495$464KNew
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 33,333$355KNo change
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 25,000$322KNo change
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 264,000$258KNew
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 33,505$201KReduce -53.8%
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 450,000$198KNew
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 490,000$181KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 650,000$176KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 16,666$171KNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 119,930$146KReduce -20.1%
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 300,000$135KNo change
OCSAW Oculis Holding AG -30 *W EXP 03/06/202 18,333$124KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 125,000$119KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 300,000$80KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 250,000$55KNew
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 100,000$54KNo change
AIIOW NWTN Inc. -CW27 *W EXP 11/11/202 20,000$52KNo change
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 500,000$42KNo change
PELIR Pelican Acquisition Corp.-RTS RIGHT 05/02/2030 150,000$41KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 85,000$40KNo change
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 225,000$36KNew
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 199,600$36KNo change
ESHAR Esh Acquisition Corp. - Right RIGHT 06/13/2028 150,000$33KNo change
ASPCR A Spac III Acquisition Corp. RIGHT 01/02/2026 175,000$33KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 200,000$32KNo change
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 200,000$32KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 125,000$31KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 75,000$30KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 75,000$28KNo change
UYSCR Uy Scuti Acquisition Corp. RIGHT 03/03/2030 100,000$27KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 150,000$26KNo change
BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 100,000$25KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 12,500$22KNo change
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 100,000$22KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 100,000$21KNo change
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 100,000$18KNo change
EURKR Eureka Acquisition Corp.-RTS RIGHT 07/03/2026 64,777$16KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 100,000$15KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 50,000$14KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 10,000$13KNo change
GRRRW Gorilla Technology Group-CW *W EXP 99/99/999 20,997$12KNew
HSPRF Horizon Space Acquisition-RT RIGHT 12/27/2024 75,000$12KNo change
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 50,000$11KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 12,500$10KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 20,000$10KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 12,500$8KNo change
COOTW Australian Oilseeds Holdi-29 *W EXP 03/22/202 347,226$7KNo change
BSAAR Best Spac I Acquisition - RT RIGHT 05/27/2030 45,000$6KNo change
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 80,000$6KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 02/14/203 25,000$5KNo change
HSPWF Horizon Space Acquisition-28 *W EXP 12/27/202 75,000$5KNo change
LOTWW Lotus Technology Inc.-28 *W EXP 02/22/202 58,507$4KNo change
OSRHW Bellevue Life Sciences-WRNT *W EXP 02/09/202 75,000$3KNo change
DHAIW Aurora Technology Acquis -28 *W EXP 04/20/202 175,000$2KNo change
DFLIW Chardan Nextech Acquisi-CW27 *W EXP 10/07/202 37,500$2KNo change
OPTXW Omnilit Acquisition Class A -23 *W EXP 99/99/999 22,644$2KNo change
NIVFW Newgenivf Group Ltd.-28 *W EXP 04/03/202 150,000$2KNo change
PBMWW Psyence Biomedical Ltd. *W EXP 01/22/202 50,000$1KNo change
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 25,000$1KNo change
PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 9,570$0No change

Total filed on the 13F, all lines: $797.6M.

Portfolio Sells Q2 2025 → Q3 2025
IBIT iShares Bitcoin Trust ETF Reduce -6.6% 42.47% −7.41
HES Hess Corp. Sold out 0.00% −1.61
GTLS Chart Industries Inc. Reduce -69.7% 0.31% −0.67
BPMC Blueprint Medicines Corp. Sold out 0.00% −0.55
K Kellanova Sold out 0.00% −0.55
SKX Skechers USA Inc. Class A Sold out 0.00% −0.54
UBER Uber Technologies Inc. Reduce -8.3% 2.32% −0.49
IMSR Terrestrial Energy Inc. Sold out 0.00% −0.46
JNPR Juniper Networks Inc. Sold out 0.00% −0.43
SWTX Springworks Therapeutics Inc. Sold out 0.00% −0.40
ANSS Ansys Inc. Sold out 0.00% −0.40
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.34
VLOS Velos Acquisition I Corp. Reduce -20.1% 0.53% −0.30
DNB Dun & Bradstreet Holdings Inc. Sold out 0.00% −0.29
ETWO E2OPEN Parent Holdings Inc. Sold out 0.00% −0.28
CAEP Cantor Equity Partners III-A Reduce -8.2% 0.93% −0.28
FL Foot Locker Inc. Sold out 0.00% −0.20
EURK Eureka Acquisition Corp. Sold out 0.00% −0.19
PARAA Paramount Global Class B Sold out 0.00% −0.18
CEPO Cantor Equity Partners I-A Reduce -34.6% 0.17% −0.17
BRDG Bridge Investment Grp HDS-A Sold out 0.00% −0.14
VIGL Vigil Neuroscience Inc. Sold out 0.00% −0.14
CIFR Cipher Digital Inc. Sold out 0.00% −0.10
URA Global X Uranium ETF Reduce -53.4% 0.09% −0.09
SPKLF Spark I Acquisition Corp. Sold out 0.00% −0.08
BASE Couchbase Inc. Sold out 0.00% −0.07
CTLP Cantaloupe Inc. Sold out 0.00% −0.06
AMED Amedisys Inc. Sold out 0.00% −0.03
DTI Drilling Tools International Sold out 0.00% −0.01
DIH HLDG US INC Sold out 0.00% −0.00
CCIR Cohen Circle Acquisitio Class A Sold out 0.00% 0.00
DISTOKEN ACQUISITION CORP Reduce -38.5% 0.12% +0.10

Portfolio Buys Q2 2025 → Q3 2025
ETHA iShares Ethereum Trust ETF New 2.05% +2.05
HCMAU HCM III Acquisition Corp. New 1.90% +1.90
SPEGU Silver Pegasus Acquisition C New 1.25% +1.25
MBVIU M3-Brigade Acquisition Vi Co. New 1.24% +1.24
EMISU Emmis Acquisition Corp. New 1.23% +1.23
SVACU Spring Valley Acquisition Co. New 1.14% +1.14
TLNCU Talon Capital Corp. New 1.11% +1.11
NSC Norfolk Southern Corp. New 1.11% +1.11
CCIIU Cohen Circle Acquisition Cor New 1.01% +1.01
SHOP Shopify Inc. Class A New 0.74% +0.74
XRPN Armada Acquisition Class A New 0.64% +0.64
CEPF Cantor Equity Partners Class A New 0.63% +0.63
FAC Factorial Energy Inc. New 0.62% +0.62
DMIIU Drugs Made in America Acquis New 0.61% +0.61
CYBR Cyberark Software Ltd./Israel New 0.59% +0.59
INAC Indigo Acquisition Corp. New 0.55% +0.55
ONCHU 1RT Acquisition Corp. New 0.52% +0.52
BDCIU BTC Development Corp. New 0.50% +0.50
TYL Tyler Technologies Inc. New 0.48% +0.48
SCPH Scpharmaceuticals Inc. New 0.47% +0.47
MRUS Merus NV New 0.46% +0.46
VNMEU Vendome Acquisition Corp. I New 0.43% +0.43
FCRS.U Futurecrest Acquisition Corp. New 0.39% +0.39
IMAX Imax Corp. New 0.38% +0.38
ARIS WATER SOLUTIONS INC-A New 0.37% +0.37
CHECU Chenghe Acquisition III Co. New 0.37% +0.37
INFQ Infleqtion Inc. New 0.30% +0.30
MCGA Yorkville Acquisition Corp. Class A New 0.26% +0.26
ETNB 89BIO Inc. New 0.25% +0.25
EVAC.U Eqv Ventures Acquisition Cor New 0.25% +0.25
APADU A Paradise Acquisition Corp. New 0.24% +0.24
LATAU Galata Acquisition Corp. II New 0.24% +0.24
LEN Lennar Corp. Class A Add +129.0% 0.34% +0.19
MKLYU McKinley Acquisition Corp. New 0.12% +0.12
BSAA Best Spac I Acquisition-A New 0.11% +0.11
MTH Meritage Homes Corp. New 0.09% +0.09
VRNA Verona Pharma Ltd. New 0.08% +0.08
HOUS Anywhere Real Estate Inc. New 0.07% +0.07
BLZRU Trailblazer Acquisition Corp. New 0.06% +0.06
HVMCU Highview Merger Corp. New 0.06% +0.06
PRA Proassurance Corp. Add +35.1% 0.29% +0.05
D Dominion Energy Inc. New 0.03% +0.03
CCRN Cross Country Healthcare Inc. Add +23.5% 0.18% +0.02
KRE SS SPDR S&P Regional Bank New 0.02% +0.02
VTLE Vital Energy Inc. New 0.01% +0.01
ALE Allete Inc. Add +236.8% 0.01% +0.01
IMXI International Money Express New 0.00% +0.00
PFSA Profusa Inc. New 0.00% +0.00
TXNM TXNM Energy Inc. Add +9.1% 0.83% −0.05

Options Activity Q2 2025 → Q3 2025
UBER Uber Technologies Inc. put Add +63.0% 163,000 $16.0M
KRE SS SPDR S&P Regional Bank call New 115,000 $7.3M
KRE SS SPDR S&P Regional Bank put New 110,000 $7.0M
RY Royal Bank of Canada call New 35,000 $5.2M
RY Royal Bank of Canada put New 33,900 $5.0M
ENB Enbridge Inc. call New 50,000 $2.5M
ENB Enbridge Inc. put New 50,000 $2.5M
D Dominion Energy Inc. call New 10,000 $612K
D Dominion Energy Inc. put New 10,000 $612K

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

Notes & Other Activity Q2 2025 → Q3 2025
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Add +16.3% 85,500,000 $157.6M
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal New 26,600,000 $51.5M
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal Reduce -19.6% 20,500,000 $45.8M
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Sold out 21,342,000 $37.9Mbefore exit
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal Sold out 27,500,000 $27.5Mbefore exit
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal New 11,000,000 $27.0M
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal New 5,988,000 $18.8M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Sold out 7,250,000 $11.1Mbefore exit
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal New 7,000,000 $11.0M
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal New 10,000,000 $9.9M
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 Sold out 661,557 $7.2Mbefore exit
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal Sold out 5,300,000 $5.3Mbefore exit
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Sold out 2,500,000 $3.3Mbefore exit
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal Sold out 3,000,000 $3.1Mbefore exit
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal New 2,000,000 $2.6M
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal New 1,865,000 $2.3M
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal New 1,500,000 $1.9M
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 New 166,666 $1.7M
VWAVW Visionwave Holdings Inc. *W EXP 07/14/203 New 100,000 $953K
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 New 50,000 $536K
PEW.WS Grabagun Digital Holdings Inc. *W EXP 99/99/999 New 99,495 $464K
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal New 264,000 $258K
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 Reduce -53.8% 33,505 $201K
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 New 450,000 $198K
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 Sold out 78,908 $158Kbefore exit
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 Reduce -20.1% 119,930 $146K
JVSAR Jvspac Acquisition Corp.-RTS RIGHT 11/26/2026 Sold out 99,900 $87Kbefore exit
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 New 250,000 $55K
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 New 225,000 $36K
GRRRW Gorilla Technology Group-CW *W EXP 99/99/999 New 20,997 $12K
CDROW Codere Online Luxembou -CW *W EXP 11/23/202 Sold out 8,219 $8Kbefore exit
ZCARW Zoomcar Holdings Inc. *W EXP 05/31/202 Sold out 25,000 $0before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 179$408.0MLPBB, ZKP, UBER, ARTC, AACO
Q1 2026 177$460.3MIBIT, LPBB, UBER, ZKP, ARTC
Q4 2025 139$318.8MIBIT, UBER, LPBB, SVAQU, HCMA
Q3 2025 108$407.4MIBIT, LPBB, UBER, ETHA, HCMAU
Q2 2025 92$349.7MIBIT, LPBB, UBER, NHIC, JACS
Q1 2025 73$130.8MIBIT, LPBB, NHICU, JACS, HES
Q4 2024 69$119.9MIBIT, LPBB, CCIR, JACS.U, HES
Q3 2024 69$101.5MFBTC, IBIT, HES, IBAC, DIST
Q2 2024 63$81.3MHES, CVII, DIST, FBTC, ANSS
Q1 2024 72$80.3MHES, CVII, IBACU, DIST, NWSA