Mint Tower Capital Management B.V.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Mint Tower Capital Management B.V. reported 139 stock positions worth $318.8 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 3.9% of the portfolio, followed by Uber Technologies (UBER, 3.3%) and Launch Two Acquisition Class A (LPBB, 3.2%). Compared with Q3 2025, it opened 56 new positions, sold out of 24, added to 6 and reduced 7. The biggest buy was a new position in Silicon Valley Acquisition C (SVAQU) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −91%).

Most Recent 13F
Q2 2026
Location
AMSTERDAM, P7
CIK
0001666606
Portfolio Value
$318.8M (Q4 2025)
SEC Filing
0001666606-26-000001 ↗ filed Feb 12, 2026

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 Q3 2025 Q4 2025: $318.8M $318.8M Q4 2025 Q1 2026: $460.3M Q1 2026 Q2 2026: $408.0M Q2 2026

Holdings 139 stocks · $318.8M
IBIT iShares Bitcoin Trust ETF 3.92% 251,400 $12.5M Reduce -90.5%
UBER Uber Technologies Inc. 3.34% 130,260 $10.6M Add +35.1%
LPBB Launch Two Acquisition Class A 3.22% 980,000 $10.3M No change
SVAQU Silicon Valley Acquisition C 2.65% 850,000 $8.5M New
HCMA HCM III Acquisition Cor Class A 2.36% 750,000 $7.5M No change
NHIC Newhold Investment Cor III-A 2.28% 700,000 $7.3M No change
JACS Jackson Acquisition Co. Class A 2.12% 650,000 $6.8M No change
BLRKU Bluerock Acquisition Corp. 2.04% 650,000 $6.5M New
TACH Titan Acquisition Corp. Class A 1.64% 509,497 $5.2M No change
NPAC New Providence Acquisition-A 1.61% 500,000 $5.1M No change
SPEG Silver Pegasus Acquisition-A 1.61% 508,681 $5.1M New
CAEP Cantor Equity Partners III-A 1.60% 500,000 $5.1M Add +36.2%
OBA Oxley Bridge Acquisitio Class A 1.58% 500,000 $5.0M No change
MBVI M3-Brigade Acquisition Class A 1.57% 500,000 $5.0M No change
EMIS Emmis Acquisition Corp. Class A 1.56% 500,000 $5.0M No change
NSC Norfolk Southern Corp. 1.54% 17,000 $4.9M Add +13.3%
FOX Fox Corp. Class B 1.44% 70,633 $4.6M No change
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 1.43% 450,000 $4.6M No change
IPCX Inflection Point Acquisiti-A 1.43% 450,000 $4.6M No change
TLNC Talon Capital Corp. Class A 1.43% 450,000 $4.5M No change
LAFA Lafayette Acquisition Corp. 1.40% 450,000 $4.5M New
REVG Rev Group Inc. 1.34% 70,000 $4.3M New
TACO Berto Acquisition Corp. 1.31% 410,668 $4.2M New
CCII Cohen Circle Acquisit II - A 1.28% 400,000 $4.1M No change
PACH Pioneer Acquisition I Class A 1.26% 400,000 $4.0M No change
GIW GIGCAPITAL8 Corp. Class A 1.24% 400,000 $4.0M New
AVDL Avadel Pharmaceuticals Ltd. 1.01% 150,000 $3.2M New
WTRG Essential Utilities Inc. 1.00% 83,331 $3.2M New
HI Hillenbrand Inc. 0.99% 100,000 $3.2M New
ATII Archimedes Tech Spac Partner 0.97% 300,000 $3.1M No change
FERA Fifth Era Acquisition Corp. Class A 0.97% 300,000 $3.1M No change
GPACU General Purpose Acquisition 0.94% 300,000 $3.0M New
LPCVU Launchpad Cadenza Acquisitio 0.94% 300,000 $3.0M New
ITHAU Ithax Acquisition Corp. III 0.94% 300,000 $3.0M New
ADACU American Drive Acquisition C 0.94% 300,000 $3.0M New
WENN Wen Acquisition Corp. Class A 0.91% 286,642 $2.9M No change
CUK Carnival PLC-ADR 0.89% 93,690 $2.8M No change
KVUE Kenvue Inc. 0.81% 150,000 $2.6M New
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.81% 250,000 $2.6M No change
CFLT Confluent Inc. Class A 0.81% 85,000 $2.6M New
CEPF Cantor Equity Partners Class A 0.81% 250,000 $2.6M No change
GSHR Gesher Acquisition Corp. II-A 0.81% 250,000 $2.6M No change
XRPN Armada Acquisition Class A 0.80% 250,000 $2.6M No change
CRAQ Cal Redwood Acquisit Class A 0.80% 250,000 $2.5M No change
CRANU Crane Harbor Acquisition Cor 0.79% 250,000 $2.5M New
AXTA Axalta Coating Systems Ltd. 0.79% 77,500 $2.5M New
MESHU Meshflow Acquisition Corp. 0.78% 250,000 $2.5M New
RNGT Range Capital Acquisit Class A 0.78% 250,000 $2.5M New
IRHOU Iron Horse Acquisition II Co. 0.78% 250,000 $2.5M New
DMII Drugs Made in America Acquis 0.78% 250,000 $2.5M No change
FIGX Figx Capital Acquisition C-A 0.71% 225,000 $2.3M No change
INAC Indigo Acquisition Corp. 0.71% 225,000 $2.3M No change
CYBR Cyberark Software Ltd./Israel 0.70% 5,000 $2.2M No change
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.68% 204,293 $2.2M No change
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.66% 199,799 $2.1M Reduce -33.4%
ALDF Aldel Financial II Inc. 0.66% 200,000 $2.1M No change
SVCC Stellar V Capital Corp. Class A 0.65% 200,000 $2.1M No change
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.65% 200,000 $2.1M No change
TXNM TXNM Energy Inc. 0.65% 35,000 $2.1M Reduce -41.8%
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.65% 200,000 $2.1M No change
BACC Blue Acquisition Corp. Class A 0.64% 200,000 $2.0M No change
ONCH 1RT Acquisition Corp. Class A 0.64% 200,000 $2.0M No change
KBONU Karbon Capital Partners Corp. 0.63% 200,000 $2.0M New
AXIN Axiom Intelligence Class A 0.63% 200,000 $2.0M No change
DSACU Daedalus Special Acquisition 0.63% 200,000 $2.0M New
LWAC Lightwave Acquisition Corp. Class A 0.63% 200,000 $2.0M No change
BDCI BTC Development Corp. Class A 0.63% 200,000 $2.0M No change
AEAQU Activate Energy Acquisition 0.63% 200,000 $2.0M New
EVOX Evolution Global Acquis Class A 0.62% 200,000 $2.0M New
HOLX Hologic Inc. 0.58% 25,000 $1.9M New
BHF Brighthouse Financial Inc. 0.57% 28,000 $1.8M New
CEPT Cantor Equity Partners Class A 0.56% 157,929 $1.8M No change
VNME Vendome Acquisition Corp. Class A 0.55% 175,000 $1.8M No change
HAYMAKER ACQUISITION CORP 4 0.54% 150,000 $1.7M No change
LEGT Legato Merger Corp. III 0.51% 150,000 $1.6M No change
TYL Tyler Technologies Inc. 0.50% 3,500 $1.6M Reduce -5.4%
CEPV Cantor Equity Partners Class A 0.48% 150,000 $1.5M New
JAMF Jamf Holding Corp. filed as JAMF HLDG CORP 0.48% 117,500 $1.5M New
PELI Pelican Acquisition Corp. 0.48% 150,000 $1.5M No change
OYSE Oyster Enterprises II Acq-A 0.48% 150,000 $1.5M No change
FCRS Futurecrest Acquisition Class A 0.48% 150,000 $1.5M No change
LFACU Leapfrog Acquisition Corp. 0.47% 150,000 $1.5M New
CHEC Chenghe Acquisition II Class A 0.47% 150,000 $1.5M No change
BIXIU Bitcoin Infrastructure Acqui 0.47% 150,000 $1.5M New
WBD Warner Bros Discovery Inc. 0.45% 50,000 $1.4M New
LKSP Lake Superior Acquisiti Class A 0.44% 140,000 $1.4M New
OBTC Osprey Bitcoin Trust 0.43% 48,176 $1.4M New
YCY Aa Mission Acquisition-A 0.39% 125,000 $1.2M New
CDTX Cidara Therapeutics Inc. 0.35% 5,000 $1.1M New
LPAA Launch One Acquisition Corp. 0.33% 100,000 $1.1M No change
TAVI Tavia Acquisition Corp. 0.33% 100,000 $1.0M No change
MLAC Mountain Lake Acquisition-A 0.33% 100,000 $1.0M No change
UYSC Uy Scuti Acquisition Corp. 0.32% 100,000 $1.0M No change
EA Electronic Arts Inc. 0.32% 5,000 $1.0M New
EGHA Egh Acquisition Co. Class A 0.32% 100,000 $1.0M No change
MCGA Yorkville Acquisition Corp. Class A 0.32% 100,000 $1.0M No change
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.32% 100,000 $1.0M No change
EVAC Eqv Ventures Acquisition C-A 0.31% 100,000 $1.0M No change
IGACU Invest Green Acquisition Cor 0.31% 100,000 $1.0M New
LATA Galata Acqu Corp. II Class A 0.31% 100,000 $996K No change
TWLVU Twelve Seas Investment Co. II 0.31% 100,000 $995K New
DYOR Insight Digital Partners I-A 0.31% 100,000 $991K New
APXT Apex Treasury Corp. Class A 0.31% 100,000 $989K New
DNMX Dynamix Corp. III Class A 0.31% 100,000 $989K New
FYBR Frontier Communications Pare 0.31% 25,726 $979K Add +28.6%
RNAM Avidity Biosciences Inc. 0.29% 13,000 $938K New
RANG Range Capital Acquisition Co. 0.28% 85,000 $886K No change
QRVO Qorvo Inc. 0.27% 10,000 $845K New
TDWD Tailwind 2.0 Acquisitio Class A 0.23% 75,000 $739K New
CEPO Cantor Equity Partners I-A 0.21% 65,376 $681K No change
IMXI International Money Express 0.19% 40,000 $614K Add +12761.7%
CCIX Churchill Capital Corp. Ix 0.17% 50,000 $532K No change
PCAP Procap Acquisition Corp. Class A 0.16% 50,000 $507K No change
SAC.U Safeguard Acquisition Corp. 0.16% 50,000 $504K New
VACI.U Viking Acquisitions Corp. I 0.16% 50,000 $504K New
HCACU Hall Chadwick Acquisition Co. 0.16% 50,000 $501K New
MKLY McKinley Acquisition Co. Class A 0.16% 50,000 $499K No change
AIIA AI Infrastructure Ac-A 0.16% 50,000 $497K New
BSAA Best Spac I Acquisition-A 0.14% 45,000 $456K No change
CHAC Crane Harbor Acqu Corp. Class A 0.14% 40,000 $431K New
DISTOKEN ACQUISITION CORP 0.13% 299,840 $429K No change
HOUS Anywhere Real Estate Inc. 0.11% 25,000 $354K No change
VOYG Voyager Technologies Inc. Class A 0.09% 11,500 $301K New
VALE Vale SA-SP ADR 0.08% 20,000 $261K New
HVMC Highview Merger Corp. Class A 0.08% 25,000 $250K No change
BLZR Trailblazer Acquisition Class A 0.08% 25,000 $250K No change
D Dominion Energy Inc. 0.07% 4,000 $234K Add +100.0%
CCXIU Churchill Capital Corp. Xi 0.07% 22,500 $230K New
URA Global X Uranium ETF 0.07% 5,000 $214K Reduce -33.3%
BCSS Bain Capital GSS Inv- A 0.06% 20,000 $202K New
NWE Northwestern Energy Group Inc. 0.05% 2,422 $156K New
HEI.A Heico Corp. Class A 0.04% 444 $112K No change
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 0.02% 5,000 $78K Reduce -94.8%
MRSN Mersana Therapeutics Inc. 0.01% 1,035 $30K New
AIIO Robo.ai Inc. 0.00% 24,804 $8K No change
VACH Voyager Acquisition Corp. 0.00% 700 $7K No change
OSRH Osr Health Inc. filed as OSR HLDGS INC 0.00% 7,500 $4K No change
SCANTECH AI SYS INC 0.00% 750 $2K Reduce -95.0%
PFSA Profusa Inc. 0.00% 9,366 $1K No change

Options reported separately and not counted above: UBER puts ($11.4M), KRE calls ($7.5M), KRE puts ($7.1M), VALE puts ($4.0M), VALE calls ($3.7M), ENB calls ($1.1M), ENB puts ($885K), D puts ($586K), D calls ($586K), BYND puts ($8K).

Other holdings (118): bonds, preferreds, convertibles and warrants · $510.7M (not counted above)
SecurityClassShares / PrincipalValueChange
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 114,500,000$178.7MAdd +33.9%
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 21,830,000$74.0MAdd +98.5%
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 27,247,000$42.8MAdd +289.2%
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 25,500,000$32.4MAdd +24.4%
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal 26,600,000$31.2MNo change
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 5,000,000$18.6MNew
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 13,000,000$17.8MNo change
BLOOM ENERGY CORP (BE 3 06/01/29) NOTE 3.000% 6/0 · principal 4,100,000$17.4MNew
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 16,000,000$15.6MNew
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 5,988,000$15.1MNo change
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal 7,000,000$7.8MNew
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 6,164,000$6.0MNew
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 350,000$3.6MNo change
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 382,812$3.2MNew
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 254,748$2.6MNo change
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal 1,500,000$2.5MNo change
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal 2,200,000$2.5MAdd +10.0%
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 250,000$2.5MNew
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 250,000$2.5MNew
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 200,000$2.0MNew
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 166,666$1.7MNo change
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 166,666$1.7MNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 150,000$1.6MNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 150,000$1.5MAdd +0.1%
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 150,000$1.5MAdd +0.1%
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
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 125,000$1.3MNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 125,000$1.2MNew
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 100,000$1.2MNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 112,500$1.1MNew
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 100,000$1.0MNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 100,000$1.0MNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 100,000$1.0MNo change
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 100,000$1.0MNew
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 100,000$1.0MNew
EVOXW Evolution Global Acquisition *W EXP 10/22/203 100,000$987KNew
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 87,500$878KNew
VWAVW Visionwave Holdings Inc. *W EXP 07/14/203 75,000$695KReduce -25.0%
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 62,500$623KNew
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 50,000$533KNo change
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 50,000$510KNew
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 50,000$501KNo change
DYORW Insight Digital Partners II *W EXP 10/28/203 50,000$496KNew
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 50,000$495KNew
DNMXW Dynamix Corp. III *W EXP 10/10/203 50,000$495KNew
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 25,000$390KNo change
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 37,500$379KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 33,333$338KNo change
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 33,333$332KNo change
PEW.WS Grabagun Digital Holdings Inc. *W EXP 99/99/999 98,771$297KReduce -0.7%
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 50,000$177KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 450,000$170KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 16,666$169KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 650,000$163KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 490,000$155KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 02/14/203 25,000$132KNo change
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 12,500$125KNo change
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 400,000$124KNew
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 300,000$120KNo change
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 500,000$120KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 75,000$116KNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 119,930$105KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 125,000$99KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 8,333$83KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 250,000$81KNo change
EMISR Emmis Acquisition Corp. RIGHT 09/12/2030 500,000$76KNo change
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 200,000$65KNo change
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 450,000$61KNew
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 100,000$55KNo change
OCSAW Oculis Holding AG -30 *W EXP 03/06/202 5,833$50KReduce -68.2%
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 200,000$42KNo change
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 4,000$40KNew
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 500,000$39KNo change
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 20,000$39KNew
ESHAR Esh Acquisition Corp. - Right RIGHT 06/13/2028 150,000$38KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 85,000$38KNo change
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 225,000$36KNo change
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 250,000$35KNo change
PELIR Pelican Acquisition Corp.-RTS RIGHT 05/02/2030 150,000$35KNo change
ASPCR A Spac III Acquisition Corp. RIGHT 01/02/2026 175,000$33KNo change
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 77,930$32KReduce -74.0%
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 199,600$32KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 75,000$31KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 150,000$30KNo change
UYSCR Uy Scuti Acquisition Corp. RIGHT 03/03/2030 100,000$27KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 100,000$25KNo change
EURKR Eureka Acquisition Corp.-RTS RIGHT 07/03/2026 64,777$25KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 100,000$24KNo change
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 100,000$23KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 12,500$20KNo change
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 75,000$15KNo change
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 50,000$13KNew
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 50,000$13KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 33,333$12KNew
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 75,000$12KNew
BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 100,000$11KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 12,500$11KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 20,000$11KNo change
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 80,000$10KNo change
BSAAR Best Spac I Acquisition - RT RIGHT 05/27/2030 45,000$7KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 10,000$7KNo change
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 50,000$6KNo change
AIIOW NWTN Inc. -CW27 *W EXP 11/11/202 20,000$6KNo change
OPTXW Omnilit Acquisition Class A -23 *W EXP 99/99/999 22,644$5KNo change
COOTW Australian Oilseeds Holdi-29 *W EXP 03/22/202 347,226$5KNo change
GRRRW Gorilla Technology Group-CW *W EXP 99/99/999 20,997$5KNo change
OSRHW Bellevue Life Sciences-WRNT *W EXP 02/09/202 75,000$4KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 12,500$4KNo change
DFLIW Chardan Nextech Acquisi-CW27 *W EXP 10/07/202 37,500$3KNo change
LOTWW Lotus Technology Inc.-28 *W EXP 02/22/202 58,507$3KNo change
NIVFW Newgenivf Group Ltd.-28 *W EXP 04/03/202 150,000$3KNo change
HSPWF Horizon Space Acquisition-28 *W EXP 12/27/202 75,000$2KNo change
HSPRF Horizon Space Acquisition-RT RIGHT 12/27/2024 75,000$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
DHAIW Aurora Technology Acquis -28 *W EXP 04/20/202 175,000$0No change

Total filed on the 13F, all lines: $829.5M.

Portfolio Sells Q3 2025 → Q4 2025
IBIT iShares Bitcoin Trust ETF Reduce -90.5% 3.92% −38.55
ETHA iShares Ethereum Trust ETF Sold out 0.00% −2.05
IBAC Ib Acquisition Corp. Sold out 0.00% −1.29
SHOP Shopify Inc. Class A Sold out 0.00% −0.74
SCPH Scpharmaceuticals Inc. Sold out 0.00% −0.47
MRUS Merus NV Sold out 0.00% −0.46
ASPC A Spac III Acquisition Class A Sold out 0.00% −0.44
IMAX Imax Corp. Sold out 0.00% −0.38
ARIS WATER SOLUTIONS INC-A Sold out 0.00% −0.37
INFA Informatica Inc. Class A Sold out 0.00% −0.34
LEN Lennar Corp. Class A Sold out 0.00% −0.34
GTLS Chart Industries Inc. Sold out 0.00% −0.31
PRA Proassurance Corp. Sold out 0.00% −0.29
INFQ Infleqtion Inc. Reduce -94.8% 0.02% −0.28
NETD Nabors Energy Transition C-A Sold out 0.00% −0.28
ETNB 89BIO Inc. Sold out 0.00% −0.25
SRDX Surmodics Inc. Sold out 0.00% −0.22
RFAI RF Acquisition Corp. II Sold out 0.00% −0.21
TXNM TXNM Energy Inc. Reduce -41.8% 0.65% −0.19
CCRN Cross Country Healthcare Inc. Sold out 0.00% −0.18
HDRN Hadron Energy Inc. Reduce -33.4% 0.66% −0.12
BRR Columbus Circle Capital Co. Class A Sold out 0.00% −0.11
MTH Meritage Homes Corp. Sold out 0.00% −0.09
VRNA Verona Pharma Ltd. Sold out 0.00% −0.08
URA Global X Uranium ETF Reduce -33.3% 0.07% −0.02
KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.02
ALE Allete Inc. Sold out 0.00% −0.01
VTLE Vital Energy Inc. Sold out 0.00% −0.01
COOT Australian Oilseeds Holdings Sold out 0.00% −0.00
SCANTECH AI SYS INC Reduce -95.0% 0.00% −0.00
TYL Tyler Technologies Inc. Reduce -5.4% 0.50% +0.02

Portfolio Buys Q3 2025 → Q4 2025
SVAQU Silicon Valley Acquisition C New 2.65% +2.65
BLRKU Bluerock Acquisition Corp. New 2.04% +2.04
SPEG Silver Pegasus Acquisition-A New 1.61% +1.61
LAFA Lafayette Acquisition Corp. New 1.40% +1.40
REVG Rev Group Inc. New 1.34% +1.34
TACO Berto Acquisition Corp. New 1.31% +1.31
GIW GIGCAPITAL8 Corp. Class A New 1.24% +1.24
UBER Uber Technologies Inc. Add +35.1% 3.34% +1.02
AVDL Avadel Pharmaceuticals Ltd. New 1.01% +1.01
WTRG Essential Utilities Inc. New 1.00% +1.00
HI Hillenbrand Inc. New 0.99% +0.99
GPACU General Purpose Acquisition New 0.94% +0.94
LPCVU Launchpad Cadenza Acquisitio New 0.94% +0.94
ITHAU Ithax Acquisition Corp. III New 0.94% +0.94
ADACU American Drive Acquisition C New 0.94% +0.94
KVUE Kenvue Inc. New 0.81% +0.81
CFLT Confluent Inc. Class A New 0.81% +0.81
CRANU Crane Harbor Acquisition Cor New 0.79% +0.79
AXTA Axalta Coating Systems Ltd. New 0.79% +0.79
MESHU Meshflow Acquisition Corp. New 0.78% +0.78
RNGT Range Capital Acquisit Class A New 0.78% +0.78
IRHOU Iron Horse Acquisition II Co. New 0.78% +0.78
CAEP Cantor Equity Partners III-A Add +36.2% 1.60% +0.67
KBONU Karbon Capital Partners Corp. New 0.63% +0.63
DSACU Daedalus Special Acquisition New 0.63% +0.63
AEAQU Activate Energy Acquisition New 0.63% +0.63
EVOX Evolution Global Acquis Class A New 0.62% +0.62
HOLX Hologic Inc. New 0.58% +0.58
BHF Brighthouse Financial Inc. New 0.57% +0.57
CEPV Cantor Equity Partners Class A New 0.48% +0.48
JAMF Jamf Holding Corp. New 0.48% +0.48
LFACU Leapfrog Acquisition Corp. New 0.47% +0.47
BIXIU Bitcoin Infrastructure Acqui New 0.47% +0.47
WBD Warner Bros Discovery Inc. New 0.45% +0.45
LKSP Lake Superior Acquisiti Class A New 0.44% +0.44
NSC Norfolk Southern Corp. Add +13.3% 1.54% +0.43
OBTC Osprey Bitcoin Trust New 0.43% +0.43
YCY Aa Mission Acquisition-A New 0.39% +0.39
CDTX Cidara Therapeutics Inc. New 0.35% +0.35
EA Electronic Arts Inc. New 0.32% +0.32
IGACU Invest Green Acquisition Cor New 0.31% +0.31
TWLVU Twelve Seas Investment Co. II New 0.31% +0.31
DYOR Insight Digital Partners I-A New 0.31% +0.31
APXT Apex Treasury Corp. Class A New 0.31% +0.31
DNMX Dynamix Corp. III Class A New 0.31% +0.31
RNAM Avidity Biosciences Inc. New 0.29% +0.29
QRVO Qorvo Inc. New 0.27% +0.27
TDWD Tailwind 2.0 Acquisitio Class A New 0.23% +0.23
IMXI International Money Express Add +12761.7% 0.19% +0.19
SAC.U Safeguard Acquisition Corp. New 0.16% +0.16

Options Activity Q3 2025 → Q4 2025
UBER Uber Technologies Inc. put Reduce -14.7% 139,100 $11.4M
RY Royal Bank of Canada call Sold out 35,000 $5.2Mbefore exit
RY Royal Bank of Canada put Sold out 33,900 $5.0Mbefore exit
VALE Vale SA-SP ADR put New 309,900 $4.0M
VALE Vale SA-SP ADR call New 284,900 $3.7M
ENB Enbridge Inc. call Reduce -53.0% 23,500 $1.1M
ENB Enbridge Inc. put Reduce -63.0% 18,500 $885K
BYND Beyond Meat Inc. put New 10,000 $8K

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

Notes & Other Activity Q3 2025 → Q4 2025
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Add +33.9% 114,500,000 $178.7M
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Add +98.5% 21,830,000 $74.0M
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal Add +289.2% 27,247,000 $42.8M
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal Add +24.4% 25,500,000 $32.4M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal New 5,000,000 $18.6M
BLOOM ENERGY CORP (BE 3 06/01/29) NOTE 3.000% 6/0 · principal New 4,100,000 $17.4M
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal New 16,000,000 $15.6M
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Sold out 10,000,000 $9.9Mbefore exit
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal New 7,000,000 $7.8M
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal New 6,164,000 $6.0M
ENPHASE ENERGY INC (ENPH 0 03/01/26) NOTE 3/0 · principal Sold out 4,000,000 $3.9Mbefore exit
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 New 382,812 $3.2M
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal Add +10.0% 2,200,000 $2.5M
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 New 250,000 $2.5M
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 New 250,000 $2.5M
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 1,865,000 $2.3Mbefore exit
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 New 200,000 $2.0M
BILL HOLDINGS INC (BILL 0 12/01/25) NOTE 12/0 · principal Sold out 1,993,000 $2.0Mbefore exit
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 Add +0.1% 150,000 $1.5M
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 Add +0.1% 150,000 $1.5M
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 New 125,000 $1.2M
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 New 112,500 $1.1M
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 New 100,000 $1.0M
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 New 100,000 $1.0M
EVOXW Evolution Global Acquisition *W EXP 10/22/203 New 100,000 $987K
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 New 87,500 $878K
VWAVW Visionwave Holdings Inc. *W EXP 07/14/203 Reduce -25.0% 75,000 $695K
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 New 62,500 $623K
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 New 50,000 $510K
DYORW Insight Digital Partners II *W EXP 10/28/203 New 50,000 $496K
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 New 50,000 $495K
DNMXW Dynamix Corp. III *W EXP 10/10/203 New 50,000 $495K
PEW.WS Grabagun Digital Holdings Inc. *W EXP 99/99/999 Reduce -0.7% 98,771 $297K
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Sold out 264,000 $258Kbefore exit
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 Sold out 33,505 $201Kbefore exit
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 New 400,000 $124K
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 New 450,000 $61K
OCSAW Oculis Holding AG -30 *W EXP 03/06/202 Reduce -68.2% 5,833 $50K
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 New 4,000 $40K
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 New 20,000 $39K
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 Reduce -74.0% 77,930 $32K
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 Sold out 50,000 $14Kbefore exit
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 New 50,000 $13K
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 New 33,333 $12K
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 New 75,000 $12K

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