Polar Asset Management Partners Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Polar Asset Management Partners Inc. reported 303 stock positions worth $2.2 billion. Its top holding was Sprott Physical Gold Trust (PHYS) at 4.3% of the portfolio, followed by Sprott Physical Silver Trust (PSLV, 2.7%) and Medtronic (MDT, 2.0%). Compared with Q4 2024, it opened 104 new positions, sold out of 241, added to 48 and reduced 84. The biggest buy was a new position in Intra-Cellular Therapies (ITCI) and the biggest sale an exit from iShares Core S&P 500 ETF (IVV).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001326389
Portfolio Value
$2.2B (Q1 2025)
SEC Filing
0001041062-25-000132 ↗ filed May 15, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $2.8B Q1 2024 Q2 2024: $2.6B Q2 2024 Q3 2024: $2.9B Q3 2024 Q4 2024: $5.1B Q4 2024 Q1 2025: $2.2B $2.2B Q1 2025 Q2 2025: $3.0B Q2 2025 Q3 2025: $3.4B Q3 2025 Q4 2025: $3.9B Q4 2025 Q1 2026: $3.1B Q1 2026 Q2 2026: $4.1B Q2 2026

Holdings 303 stocks · $2.2B
PHYS Sprott Physical Gold Trust 4.25% 3,821,555 $91.9M Reduce -12.6%
PSLV Sprott Physical Silver Trust 2.73% 5,079,061 $58.9M Reduce -33.1%
MDT Medtronic PLC 2.01% 482,632 $43.4M Add +228.8%
ITCI Intra-Cellular Therapies Inc. 1.98% 324,020 $42.7M New
PDCO Patterson Cos Inc. 1.81% 1,255,601 $39.2M Add +527.8%
DESP Despegar.com Corp. 1.73% 1,992,107 $37.4M New
DNB Dun & Bradstreet Holdings Inc. 1.65% 4,000,000 $35.8M New
JWN Nordstrom Inc. 1.55% 1,366,640 $33.4M New
MTSI Macom Technology Solutions H 1.53% 328,444 $33.0M Add +114.9%
FTW Eqv Ventures Acquisition C-A 1.50% 3,200,000 $32.4M No change
FYBR Frontier Communications Pare 1.49% 900,000 $32.3M Add +682.6%
PODD Insulet Corp. 1.48% 121,804 $32.0M Reduce -44.0%
VRN Veren Inc. 1.46% 4,750,000 $31.5M New
DXCM Dexcom Inc. 1.30% 411,507 $28.1M Add +765.2%
NOA North American Construction 1.28% 1,740,985 $27.6M Add +70.3%
AMPS Altus Power Inc. 1.16% 5,061,445 $25.1M New
GH Guardant Health Inc. 1.04% 525,702 $22.4M Add +15.7%
ALGN Align Technology Inc. 1.01% 137,033 $21.8M Add +241.7%
ALF Centurion Acquisition Corp. 0.94% 1,975,000 $20.3M No change
SBXDF Silverbox Corp. IV-A 0.93% 1,980,000 $20.1M No change
GSRT GSR III Acquisition Corp. 0.92% 1,980,000 $19.8M No change
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.89% 1,875,000 $19.2M No change
DMAA Drugs Made in America Acquis 0.88% 1,900,000 $19.0M New
MLAC Mountain Lake Acquisition-A 0.87% 1,880,000 $18.9M No change
OLED Universal Display Corp. 0.87% 135,064 $18.8M Add +12.6%
PLYA Playa Hotels & Resorts NV 0.82% 1,336,461 $17.8M New
POLE Andretti Acquisition Corp. Class A 0.82% 1,750,000 $17.7M No change
CRDO Credo Technology Group Holdi 0.80% 431,493 $17.3M New
GPAT GP-Act III Acquisition-A 0.80% 1,674,996 $17.3M No change
GMED Globus Medical Inc. Class A 0.80% 235,205 $17.2M Reduce -48.0%
META Meta Platforms Inc. Class A 0.80% 29,813 $17.2M Add +5.0%
ANET Arista Networks Inc. 0.76% 212,652 $16.5M Add +41.8%
TMUS T-Mobile US Inc. 0.75% 60,864 $16.2M Reduce -70.2%
ARES ACQUISITION CORP II 0.72% 1,394,317 $15.5M No change
TONT Graf Global Corp. Class A 0.71% 1,500,000 $15.4M No change
JACS Jackson Acquisition Co. Class A 0.71% 1,525,000 $15.4M No change
MACI Melar Acquisition Corp. I-A 0.70% 1,485,000 $15.2M No change
EVRI Everi Holdings Inc. 0.70% 1,108,816 $15.2M Add +216.8%
AACBU Artius II Acquisition Inc. 0.70% 1,500,000 $15.1M New
WDC Western Digital Corp. 0.70% 373,898 $15.1M Add +0.8%
FARO Faro Technologies Inc. 0.69% 548,753 $15.0M Reduce -0.7%
CALX Calix Inc. 0.68% 414,952 $14.7M Reduce -31.7%
BSII Black Spade Acquisition II C 0.66% 1,400,000 $14.2M No change
NVST Envista Holdings Corp. 0.63% 784,630 $13.5M Reduce -59.0%
ENTG Entegris Inc. 0.62% 153,391 $13.4M Reduce -0.3%
ATSG Air Transport Services Group 0.61% 585,000 $13.1M Add +1200.0%
ACCD Accolade Inc. 0.61% 1,873,557 $13.1M New
MNDY Monday.com Ltd. 0.60% 53,187 $12.9M Add +30.0%
NFLX Netflix Inc. 0.58% 13,500 $12.6M Reduce -48.7%
APP AppLovin Corp. Class A 0.58% 47,500 $12.6M Reduce -46.1%
MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR 0.58% 1,250,000 $12.5M No change
T AT&T Inc. 0.58% 441,800 $12.5M New
STX Seagate Technology Holdings 0.57% 144,704 $12.3M Reduce -21.2%
NVDA Nvidia Corp. 0.56% 111,979 $12.1M Reduce -93.7%
CSCO Cisco Systems Inc. 0.55% 193,969 $12.0M New
WST West Pharmaceutical Services 0.55% 53,070 $11.9M Add +106.5%
HURC Hurco Companies Inc. 0.55% 760,582 $11.8M Reduce -3.3%
XRT SS SPDR S&P Retail ETF 0.54% 170,100 $11.8M New
AMED Amedisys Inc. 0.54% 125,000 $11.6M Reduce -3.9%
UNH Unitedhealth Group Inc. 0.52% 21,472 $11.2M Add +450.6%
KRNT Kornit Digital Ltd. 0.52% 584,460 $11.2M Add +21.6%
PEN Penumbra Inc. 0.50% 40,259 $10.8M Reduce -67.0%
MDB Mongodb Inc. 0.50% 61,100 $10.7M Reduce -1.6%
ANSC Agriculture & Natural Soluti 0.49% 1,000,000 $10.7M No change
CHTR Charter Communications Inc. Class A 0.49% 28,500 $10.5M New
VRTX Vertex Pharmaceuticals Inc. 0.48% 21,594 $10.5M Reduce -62.1%
CMRX Chimerix Inc. 0.48% 1,220,500 $10.4M New
BEAG Bold Eagle Acquisition Cor-A 0.47% 1,000,000 $10.2M No change
EA Electronic Arts Inc. 0.47% 70,200 $10.1M New
CUB Lionheart Holdings Class A 0.47% 985,000 $10.1M No change
GWRS Global Water Resources Inc. 0.46% 737,193 $10.0M Reduce -2.7%
HAYMAKER ACQUISITION CORP 4 0.46% 900,000 $9.9M No change
BWMN Bowman Consulting Group Ltd. 0.46% 451,029 $9.8M Add +3.5%
XHB SS SPDR S&P Homebldrs ETF 0.46% 101,600 $9.8M Add +6.6%
TAVI Tavia Acquisition Corp. 0.45% 960,000 $9.6M No change
AAL American Airlines Group Inc. 0.43% 887,038 $9.4M Add +93.0%
RANG Range Capital Acquisition Co. 0.43% 925,000 $9.3M No change
CCIX Churchill Capital Corp. Ix 0.43% 862,500 $9.3M No change
BKNG Booking Holdings Inc. 0.43% 2,000 $9.2M New
VCIC Vine Hill Capital Class A 0.42% 900,000 $9.1M No change
A Agilent Technologies Inc. 0.42% 77,592 $9.1M New
MSI Motorola Solutions Inc. 0.42% 20,706 $9.1M Add +5.6%
FOXA Fox Corp. Class A 0.42% 159,214 $9.0M Add +49.9%
NXPI NXP Semiconductors NV 0.41% 46,886 $8.9M New
TGI Triumph Group Inc. 0.41% 350,000 $8.9M New
SMTC Semtech Corp. 0.41% 256,207 $8.8M Add +124.0%
NOVT Novanta Inc. 0.40% 66,997 $8.6M New
SWI Solarwinds Corp. 0.38% 450,000 $8.3M New
LPBB Launch Two Acquisition Class A 0.37% 800,000 $8.1M No change
TDAC Translational Development Ac 0.37% 800,000 $8.1M No change
APH Amphenol Corp. Class A 0.36% 119,774 $7.9M Reduce -66.0%
CART Maplebear Inc. 0.35% 189,248 $7.5M New
VRNA Verona Pharma Ltd. 0.35% 118,827 $7.5M New
CDW CDW Corp. 0.34% 46,529 $7.5M New
EW Edwards Lifesciences Corp. 0.34% 102,525 $7.4M Reduce -73.7%
SITM Sitime Corp. 0.34% 48,076 $7.3M Add +118.5%
CVNA Carvana Co. 0.34% 34,900 $7.3M New
AZEK The Azek Co. Inc. 0.34% 148,355 $7.3M Add +57.7%
EQIX Equinix Inc. 0.34% 8,895 $7.3M Reduce -0.1%
BSX Boston Scientific Corp. 0.33% 70,517 $7.1M Reduce -85.4%

Show all 303 holdings

Options reported separately and not counted above: QQQ puts ($302.3M), SPY puts ($227.7M), SPY calls ($111.9M), IBIT calls ($93.6M), IWM puts ($89.8M), C calls ($35.5M), SMH puts ($31.4M), TSM calls ($30.6M), NVDA calls ($30.4M), TSLA calls ($25.9M), MTSI calls ($20.1M), META puts ($17.3M), and 37 more.

Other holdings (179): bonds, preferreds, convertibles and warrants · $855.7M (not counted above)
SecurityClassShares / PrincipalValueChange
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 61,500,000$165.4MNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 100,000,000$139.2MNo change
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 55,000,000$94.6MNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 25,000,000$61.0MNo change
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 25,117,000$59.0MReduce -76.3%
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 50,000,000$58.8MReduce -64.3%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 50,000,000$56.1MReduce -64.3%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 25,242,000$36.9MReduce -66.3%
WORLD KINECT GROUP (WKC 3.25 07/01/28) NOTE 3.250% 7/0 · principal 30,000,000$34.6MNo change
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 30,000,000$32.2MReduce -45.5%
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 25,000,000$26.4MNew
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 20,000,000$22.2MReduce -60.0%
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal 12,800,000$17.1MAdd +28.0%
VEECO INSTRUMENTS INC (VECO 3.75 06/01/27) NOTE 3.750% 6/0 · principal 8,171,000$12.1MNo change
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 10,000,000$10.8MNo change
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 8,302,154$9.3MReduce -19.4%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 6,500,000$8.4MNew
GSRTR GSR III Acquisition Corp. RIGHT 99/99/9999 282,857$416KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 1,066,666$384KNo change
JACKSON ACQUISITION CO II RIGHT 99/99/9999 1,525,000$381KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 1,250,000$363KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 1,880,000$346KNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 937,500$272KNo change
DMYYW DMY Squared Technology GR-27 *W EXP 99/99/999 299,500$270KNo change
SHMDW Schmid Group NV -28 *W EXP 04/30/202 719,762$262KNo change
SKGRW SK Growth Opportunities -29 *W EXP 06/28/202 400,000$260KReduce -19.7%
BACQR Inflection Point Acquisition RIGHT 11/04/2026 1,250,000$250KNo change
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 1,900,000$247KNew
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 660,000$231KNo change
HPAIW Helport AI Ltd. -29 *W EXP 03/31/202 820,835$231KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 1,237,500$230KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 1,000,000$230KNo change
ANNAW Aleanna Inc. Class A - 29 *W EXP 12/13/202 990,000$228KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 750,000$225KNo change
Colombier Acquisition - 29 *W EXP 11/24/202 283,333$224KNo change
YOTAR Yotta Acquisition Corp. - RTS RIGHT 03/15/2027 1,275,139$206KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 500,000$199KNo change
PGACR Pantages Capital Acquis-RT RIGHT 11/15/2029 700,000$175KNew
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 215,625$173KNo change
MSSRF Metal SKY Star Acquisi-Right RIGHT 12/31/2025 2,057,017$165KNo change
USA RARE EARTH INC *W EXP 03/13/203 235,173$158KNew
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 875,000$158KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 925,000$157KNo change
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 987,500$148KNo change
SBCWW Pono Capital Two Inc. -27 *W EXP 09/17/202 785,700$146KNo change
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 960,000$144KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 750,000$140KNo change
MRNOW Murano Global BV-28 *W EXP 03/19/202 569,000$131KNo change
BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 1,820,124$126KNo change
GBBKR Global Blockchain Acq - RTS RIGHT 05/09/2027 1,266,412$125KNo change
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 742,500$104KNo change
BSIIW Black Spade Acquisition -30 *W EXP 02/15/202 466,666$103KNo change
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 500,000$102KNew
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 742,500$100KNo change
RIBBR Ribbon Acquisition Corp. RIGHT 12/31/2026 400,000$100KNew
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 400,000$96KNew
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 450,000$95KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 450,000$90KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 400,000$84KNo change
SMNRW Denali Capital Acq-CW27 *W EXP 99/99/999 1,400,000$83KNo change
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 275,000$82KNew
HCVIW Hennessy Capital Inv A -CW27 *W EXP 99/99/999 534,087$80KNo change
RDACR Rising Dragon Acquisition Co. RIGHT 11/15/2028 500,000$80KNo change
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 400,000$80KNew
DYCQR DT Cloud Acquisition Cor-RTS RIGHT 02/14/2029 325,000$78KNo change
GLLRF Global Lights Acquisition Co. RIGHT 99/99/9999 350,000$77KNo change
ATMCR Alphatime Acquisition-Right RIGHT 03/01/2028 475,000$76KNo change
CLRRF Climaterock -RTS RIGHT 10/31/2028 343,770$75KNo change
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 494,000$72KNo change
YOTAW Yotta Acquisition Corp. -27 *W EXP 03/15/202 1,275,139$70KNo change
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 100,000$69KNew
HSPTR Horizon Space Acquisition II RIGHT 03/30/2026 525,000$68KNo change
CYCUW Cycurion Inc.-CW27 *W EXP 02/13/203 1,600,000$64KNo change
BZAIW Burtech Acquisition -CW23 *W EXP 01/13/203 315,000$60KNew
NOEMR CO2 Energy Transition Co.-RTS RIGHT 10/15/2028 290,000$59KNo change
EMCRF Embrace Change Acq-Rights RIGHT 10/25/2026 325,000$59KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 350,000$58KNew
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 743,475$57KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 600,000$54KNo change
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 915,973$52KNo change
AMODW Insight Acquisition Co. -CW23 *W EXP 12/13/202 891,000$52KNo change
BOWNR Bowen Acquisition Corp.-RTS RIGHT 99/99/9999 200,000$51KNo change
BAYAR Bayview Acquisition Corp. RIGHT 11/17/2028 270,000$51KNo change
FOXXW 1OXX *W EXP 09/26/202 280,000$49KNo change
GCLWW GCL Global Holdings-A -CW26 *W EXP 02/13/203 852,580$48KNew
FSHPR Flag Ship Acquisition Corp. RIGHT 03/31/2026 377,000$47KNo change
ASPCR A Spac III Acquisition Corp. RIGHT 01/02/2026 340,000$47KNew
MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 445,735$46KNo change
ATMVR Alphavest Acquisition Co.-RT RIGHT 01/22/2026 200,000$45KNo change
DISTR Distoken Acquisition Corp. RIGHT 99/99/9999 250,000$44KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 300,000$42KNo change
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 300,000$41KNo change
HSPRF Horizon Space Acquisition-RT RIGHT 12/27/2024 275,000$40KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 200,000$39KNo change
BUJAR Bukit Jalil Global Acquisiti RIGHT 12/30/2024 150,000$39KNo change
RDZNW Vahanna Tech Edge -CW24 *W EXP 11/30/202 687,278$38KNo change
GBBKW Global Blockchain Acq-CW27 *W EXP 05/09/202 1,266,412$38KNo change
TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 700,000$38KNo change
YHNAR YHN Acquisition I Ltd. RIGHT 08/15/2029 290,000$38KNo change
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 500,000$38KNo change
RAINW Rain Enhancement-CW 29 *W EXP 12/31/202 419,810$37KNew
OAKUR Oak Woods Acquisition Cor-RT RIGHT 03/23/2028 135,000$35KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 225,000$35KNo change
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 300,000$33KNo change
JVSAR Jvspac Acquisition Corp.-RTS RIGHT 11/26/2026 115,000$32KNo change
COLAR Columbus Acquisition Corp. RIGHT 99/99/9999 200,000$32KNew
JQCNR Nuveen Credit Strategies-RTS RIGHT 04/29/2025 869,142$32KNew
BKHAR Black Hawk Acquisition C-RTS RIGHT 06/20/2025 20,000$30KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 250,000$30KNew
NOEMW CO2 Energy Transition -28 *W EXP 08/17/202 290,000$29KNew
EURKR Eureka Acquisition Corp.-RTS RIGHT 07/03/2026 125,000$29KNew
AIMWF Aimfinity Investment-CW27 *W EXP 99/99/999 370,000$29KNo change
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 250,000$28KNo change
ESHAR Esh Acquisition Corp. - Right RIGHT 06/13/2028 300,000$26KNo change
CGBWF Crown LNG Holdings Ltd.-28 *W EXP 07/09/202 674,836$25KNo change
BKSYW Blacksky Technology -CW24 *W EXP 09/09/202 175,000$23KReduce -50.0%
IROHR Iron Horse Acquisitions Righ RIGHT 99/99/9999 75,000$23KNo change
VEEAW Plum Acquisition I A -CW28 *W EXP 09/13/202 280,100$22KNo change
CRMLW Critical Metals Corp.-28 *W EXP 02/27/202 124,057$21KReduce -44.6%
MSSWF Metal SKY Star Acq -CW27 *W EXP 03/31/202 1,649,999$20KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 132,600$20KNo change
REEWF Cartesian Growth Corp. II -28 *W EXP 07/12/202 266,666$19KNo change
COOTW Australian Oilseeds Holdi-29 *W EXP 03/22/202 629,400$19KNo change
CRPWF Carbon Revolution PLC *W EXP 99/99/999 474,900$19KNo change
ECD AUTOMOTIVE DESIGN INC *W EXP 12/12/202 990,000$18KNo change
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 225,000$18KNo change
PETWQ Wag! Group Co. *W EXP 07/30/202 1,315,200$17KNo change
QETAR Quetta Acquisition Corp.-RTS RIGHT 99/99/9999 10,000$17KNew
FVNNR Future Vision II Acquisi-RTS RIGHT 06/29/2029 100,000$16KNo change
RMSGW Real Messenger Corp.-28 *W EXP 11/19/202 363,837$16KNo change
EONR.WS HNR Acquisition Corp. -CW23 *W EXP 11/15/202 290,827$16KNo change
GRMLW Anew Medical Inc. *W EXP 06/21/202 683,790$15KNo change
HOVRW Pono Capital Three Inc.-A-28 *W EXP 02/14/202 435,000$14KNo change
OSRHW Bellevue Life Sciences-WRNT *W EXP 02/09/202 360,000$14KNew
ABLVW Able View Global Inc.-28 *W EXP 08/18/202 600,000$14KNo change
DHAIW Aurora Technology Acquis -28 *W EXP 04/20/202 1,100,000$14KNo change
PBMWW Psyence Biomedical Ltd. *W EXP 01/22/202 733,000$12KNo change
KVAWF Keen Vision Acquisition C-28 *W EXP 03/15/202 367,000$12KNo change
BSLKW Golden Arrow Merger A -CW26 *W EXP 08/13/202 297,954$12KNo change
NIVFW Newgenivf Group Ltd.-28 *W EXP 04/03/202 637,966$11KNo change
OPTXW Omnilit Acquisition Class A -23 *W EXP 99/99/999 221,775$11KNo change
EMCWF Embrace Change Acquisitio-26 *W EXP 10/25/202 325,000$11KNo change
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 75,000$11KNo change
ABPWW Atlantic Coast Acq -CW23 *W EXP 11/12/202 378,328$11KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 02/14/203 138,536$10KNew
NVNWF Nvni Group Ltd.-28 *W EXP 11/01/202 187,423$10KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 297,100$10KNo change
BARK.WS Original Bark Co./the -CW25 *W EXP 05/01/202 133,599$9KNo change
ONMDW Data Knights Acq Class A -CW28 *W EXP 11/07/202 356,916$9KNo change
IVAWF Investcorp India Acquisi -27 *W EXP 06/01/202 450,000$9KNo change
BDMDW Baird Medical Investment -28 *W EXP 10/01/202 100,000$9KNo change
CDTTW Murphy Canyon Acq-CW27 *W EXP 09/22/202 950,000$9KNo change
VSTWF Vast Solar PTY Ltd. -28 *W EXP 07/01/202 250,000$8KNo change
FASWF Stonebridge Acquisition-CW23 *W EXP 04/02/202 270,764$8KNo change
CHEB.WS Chenghe Acquisition II - 29 *W EXP 05/30/203 162,500$8KNo change
DSYWW Big Tree Cloud Holdings -29 *W EXP 05/31/202 332,000$8KNo change
AITRR AI Transportation Acquis-RTS RIGHT 09/01/2028 50,000$8KNo change
FORLW Four Leaf Acquisition Cor-28 *W EXP 03/15/202 152,000$8KNo change
ZOOZW Zooz Strategy Ltd.-29 *W EXP 04/02/202 150,000$8KNo change
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 182,850$7KNo change
PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 296,500$7KNo change
DISTW Distoken Acquisition Corp.-28 *W EXP 11/30/202 250,000$6KNo change
ATMCW Alphatime Acquisition Cor-28 *W EXP 03/01/202 475,000$6KNo change
MAPSW WM Technology Inc.-CW24 *W EXP 06/16/202 251,467$6KNo change
ZCARW Zoomcar Holdings Inc. *W EXP 05/31/202 408,000$6KNo change
RMCOW American Acq Class A -CW26 *W EXP 10/31/202 344,874$5KNo change
CLRWF Climaterock Class A -27 *W EXP 99/99/999 171,885$5KNo change
HSPWF Horizon Space Acquisition-28 *W EXP 12/27/202 275,000$5KNo change
OAKUW Oak Woods Acquisition -28 *W EXP 99/99/999 135,000$5KNo change
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 65,375$4KNo change
MKDWW MKD Tech Inc. -29 *W EXP 06/10/202 292,000$4KNo change
XBPEW CF Acquisition Viii A -CW27 *W EXP 11/30/202 75,600$4KNo change
SDSTW Global Partner Acq A -CW27 *W EXP 06/21/202 46,800$3KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 166,930$3KNo change
BUJAW Bukit Jalil Global Acquis-28 *W EXP 12/30/202 75,000$3KNo change
UCFIW Iron Horse Acquisition Co.-29 *W EXP 09/30/203 75,000$2KNo change
HYMCL Hycroft Mining Holding -CW25 *W EXP 10/06/202 50,000$2KNo change
ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 74,973$2KNo change
ZAPWF Zapp Electric Vehicles -28 *W EXP 99/99/999 93,522$823No change

Total filed on the 13F, all lines: $3.0B.

Portfolio Sells Q4 2024 → Q1 2025
IVV iShares Core S&P 500 ETF Sold out 0.00% −9.62
NVDA Nvidia Corp. Reduce -93.7% 0.56% −4.11
MSFT Microsoft Corp. Sold out 0.00% −3.80
AMZN Amazon.com Inc. Sold out 0.00% −3.43
AAPL Apple Inc. Sold out 0.00% −2.89
TJX TJX Companies Inc. Sold out 0.00% −1.88
SMAR Smartsheet Inc. Class A Sold out 0.00% −1.63
AMAT Applied Materials Inc. Sold out 0.00% −1.46
LIN Linde PLC Sold out 0.00% −1.38
EDR Endeavor Group Hold Class A Sold out 0.00% −1.31
AVGO Broadcom Inc. Reduce -93.8% 0.13% −1.13
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −1.11
KO The Coca-Cola Co. Sold out 0.00% −1.05
GEV GE Vernova Inc. Sold out 0.00% −0.96
MCD McDonald's Corp. Sold out 0.00% −0.96
HON Honeywell International Inc. Sold out 0.00% −0.95
ADI Analog Devices Inc. Sold out 0.00% −0.95
PEP Pepsico Inc. Sold out 0.00% −0.93
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.78
JNJ Johnson & Johnson Sold out 0.00% −0.76
ETN Eaton Corp. PLC Sold out 0.00% −0.74
HCP Hashicorp Inc. Class A Sold out 0.00% −0.72
ADBE Adobe Inc. Sold out 0.00% −0.69
UBER Uber Technologies Inc. Sold out 0.00% −0.65
TXN Texas Instruments Inc. Sold out 0.00% −0.59
FISV Fiserv Inc. Sold out 0.00% −0.52
BSX Boston Scientific Corp. Reduce -85.4% 0.33% −0.51
NEE Nextera Energy Inc. Sold out 0.00% −0.49
AMGN Amgen Inc. Sold out 0.00% −0.48
CVX Chevron Corp. Sold out 0.00% −0.47
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.46
SPGI S&P Global Inc. Sold out 0.00% −0.46
TFC Truist Financial Corp. Sold out 0.00% −0.44
PSX Phillips 66 Sold out 0.00% −0.44
TER Teradyne Inc. Sold out 0.00% −0.42
SHW The Sherwin-Williams Co. Sold out 0.00% −0.41
HD Home Depot Inc. Sold out 0.00% −0.40
BARNES GROUP INC Sold out 0.00% −0.40
PNR Pentair PLC Sold out 0.00% −0.39
GKOS Glaukos Corp. Reduce -88.7% 0.08% −0.38
COHR Coherent Corp. Sold out 0.00% −0.34
DIS The Walt Disney Co. Sold out 0.00% −0.29
ITT Itt Inc. Sold out 0.00% −0.29
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.29
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd Sold out 0.00% −0.29
ZUO Zuora Inc. Class A Sold out 0.00% −0.28
VZ Verizon Communications Inc. Sold out 0.00% −0.27
MCHP Microchip Technology Inc. Reduce -73.2% 0.31% −0.27
TRMB Trimble Inc. Sold out 0.00% −0.24
TREX Trex Company Inc. Sold out 0.00% −0.23

Portfolio Buys Q4 2024 → Q1 2025
ITCI Intra-Cellular Therapies Inc. New 1.98% +1.98
MDT Medtronic PLC Add +228.8% 2.01% +1.78
DESP Despegar.com Corp. New 1.73% +1.73
PDCO Patterson Cos Inc. Add +527.8% 1.81% +1.69
DNB Dun & Bradstreet Holdings Inc. New 1.65% +1.65
JWN Nordstrom Inc. New 1.55% +1.55
VRN Veren Inc. New 1.46% +1.46
FYBR Frontier Communications Pare Add +682.6% 1.49% +1.42
DXCM Dexcom Inc. Add +765.2% 1.30% +1.23
AMPS Altus Power Inc. New 1.16% +1.16
MTSI Macom Technology Solutions H Add +114.9% 1.53% +1.14
DMAA Drugs Made in America Acquis New 0.88% +0.88
NOA North American Construction Add +70.3% 1.28% +0.85
ALGN Align Technology Inc. Add +241.7% 1.01% +0.84
PLYA Playa Hotels & Resorts NV New 0.82% +0.82
CRDO Credo Technology Group Holdi New 0.80% +0.80
GH Guardant Health Inc. Add +15.7% 1.04% +0.77
AACBU Artius II Acquisition Inc. New 0.70% +0.70
EVRI Everi Holdings Inc. Add +216.8% 0.70% +0.61
ACCD Accolade Inc. New 0.61% +0.61
ATSG Air Transport Services Group Add +1200.0% 0.61% +0.59
T AT&T Inc. New 0.58% +0.58
CSCO Cisco Systems Inc. New 0.55% +0.55
XRT SS SPDR S&P Retail ETF New 0.54% +0.54
OLED Universal Display Corp. Add +12.6% 0.87% +0.53
CHTR Charter Communications Inc. Class A New 0.49% +0.49
UNH Unitedhealth Group Inc. Add +450.6% 0.52% +0.48
CMRX Chimerix Inc. New 0.48% +0.48
META Meta Platforms Inc. Class A Add +5.0% 0.80% +0.47
EA Electronic Arts Inc. New 0.47% +0.47
ANET Arista Networks Inc. Add +41.8% 0.76% +0.44
BKNG Booking Holdings Inc. New 0.43% +0.43
A Agilent Technologies Inc. New 0.42% +0.42
NXPI NXP Semiconductors NV New 0.41% +0.41
MNDY Monday.com Ltd. Add +30.0% 0.60% +0.41
TGI Triumph Group Inc. New 0.41% +0.41
NOVT Novanta Inc. New 0.40% +0.40
WST West Pharmaceutical Services Add +106.5% 0.55% +0.39
SWI Solarwinds Corp. New 0.38% +0.38
CART Maplebear Inc. New 0.35% +0.35
VRNA Verona Pharma Ltd. New 0.35% +0.35
CDW CDW Corp. New 0.34% +0.34
CVNA Carvana Co. New 0.34% +0.34
EBAY eBay Inc. New 0.33% +0.33
PGAC Pantages Capital Acquisition New 0.32% +0.32
FOXA Fox Corp. Class A Add +49.9% 0.42% +0.32
AMT American Tower Corp. New 0.31% +0.31
ZBH Zimmer Biomet Holdings Inc. New 0.30% +0.30
EXPE Expedia Group Inc. New 0.29% +0.29
AAL American Airlines Group Inc. Add +93.0% 0.43% +0.28

Options Activity Q4 2024 → Q1 2025
QQQ Invesco QQQ Trust Series 1 put Reduce -24.2% 644,600 $302.3M
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -58.6% 407,000 $227.7M
SPY SS SPDR S&P 500 ETF Trust-US call Add +300.0% 200,000 $111.9M
AAPL Apple Inc. put Sold out 412,500 $103.3Mbefore exit
AMZN Amazon.com Inc. put Sold out 460,000 $100.9Mbefore exit
MSFT Microsoft Corp. put Sold out 232,500 $98.0Mbefore exit
IBIT iShares Bitcoin Trust ETF call New 2,000,000 $93.6M
IWM iShares Russell 2000 ETF put Add +125.0% 450,000 $89.8M
TJX TJX Companies Inc. put Sold out 470,000 $56.8Mbefore exit
C Citigroup Inc. call New 500,000 $35.5M
SMH Vaneck Semiconductor ETF put Add +112.4% 148,700 $31.4M
TSM Taiwan Semiconductor-SP ADR call New 184,400 $30.6M
NVDA Nvidia Corp. call New 280,900 $30.4M
TSLA Tesla Inc. call New 100,000 $25.9M
MTSI Macom Technology Solutions H call New 200,000 $20.1M
META Meta Platforms Inc. Class A put New 30,000 $17.3M
APP AppLovin Corp. Class A put New 65,000 $17.2M
ZTS Zoetis Inc. call Sold out 100,000 $16.3Mbefore exit
SMAR Smartsheet Inc. Class A put Sold out 290,000 $16.2Mbefore exit
MTUM iShares MSCI USA Momentum Fa call Sold out 75,000 $15.5Mbefore exit
LUV Southwest Airlines Co. put New 450,000 $15.1M
ALGN Align Technology Inc. put New 91,500 $14.5M
MTSI Macom Technology Solutions H put New 142,800 $14.3M
ANET Arista Networks Inc. call New 178,500 $13.8M
ARKG ARK Genomic Revolution ETF put New 610,000 $12.7M
X United States Steel Corp. call Sold out 370,600 $12.6Mbefore exit
GH Guardant Health Inc. put New 283,000 $12.1M
MSTR Strategy Inc. call Add +300.0% 40,000 $11.5M
IHI iShares U.S. Medical Devices put Reduce -54.3% 183,000 $11.0M
MDT Medtronic PLC put New 122,000 $11.0M
STX Seagate Technology Holdings put New 119,000 $10.1M
AVGO Broadcom Inc. call New 59,500 $10.0M
XBI SS SPDR S&P Biotech ETF put Reduce -65.1% 122,000 $9.9M
XHB SS SPDR S&P Homebldrs ETF put New 100,000 $9.7M
CRDO Credo Technology Group Holdi put New 238,000 $9.6M
NSC Norfolk Southern Corp. put Sold out 40,000 $9.4Mbefore exit
ANET Arista Networks Inc. put New 119,000 $9.2M
NVDA Nvidia Corp. put Reduce -84.7% 83,300 $9.0M
VALE Vale SA-SP ADR call Sold out 1,000,000 $8.9Mbefore exit
SNOW Snowflake Inc. put New 60,000 $8.8M
SNOW Snowflake Inc. call New 60,000 $8.8M
TRMB Trimble Inc. put Sold out 120,000 $8.5Mbefore exit
AMED Amedisys Inc. put Reduce -32.0% 85,000 $7.9M
PNR Pentair PLC put New 90,000 $7.9M
APH Amphenol Corp. Class A call New 119,000 $7.8M
QCOM Qualcomm Inc. call Sold out 50,000 $7.7Mbefore exit
IOT Samsara Inc. Class A call New 200,000 $7.7M
SWKS Skyworks Solutions Inc. call Sold out 80,000 $7.1Mbefore exit
ILMN Illumina Inc. call Sold out 50,000 $6.7Mbefore exit
MCHP Microchip Technology Inc. put New 130,900 $6.3M

Showing the first 50 of 74.

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

Notes & Other Activity Q4 2024 → Q1 2025
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) NOTE 3.875% 8/1 · principal Sold out 87,250,000 $86.7Mbefore exit
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal Reduce -76.3% 25,117,000 $59.0M
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal Reduce -64.3% 50,000,000 $58.8M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Reduce -64.3% 50,000,000 $56.1M
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal Sold out 47,500,000 $55.7Mbefore exit
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Sold out 30,000,000 $39.8Mbefore exit
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal Reduce -66.3% 25,242,000 $36.9M
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal Reduce -45.5% 30,000,000 $32.2M
PEABODY ENERGY CORP (BTU 3.25 03/01/28) NOTE 3.250% 3/0 · principal Sold out 25,000,000 $31.7Mbefore exit
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal New 25,000,000 $26.4M
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal Sold out 20,000,000 $24.2Mbefore exit
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal Reduce -60.0% 20,000,000 $22.2M
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal Add +28.0% 12,800,000 $17.1M
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal Sold out 13,500,000 $17.0Mbefore exit
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal Sold out 15,700,000 $14.6Mbefore exit
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Sold out 10,000,000 $9.9Mbefore exit
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Reduce -19.4% 8,302,154 $9.3M
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal New 6,500,000 $8.4M
LIVENT CORP (LTHM 4.125 07/15/25) NOTE 4.125% 7/1 · principal Sold out 5,000,000 $7.3Mbefore exit
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 Sold out 594,487 $297Kbefore exit
SKGRW SK Growth Opportunities -29 *W EXP 06/28/202 Reduce -19.7% 400,000 $260K
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 New 1,900,000 $247K
CSLRF Consilium Acquisition -Right RIGHT 99/99/9999 Sold out 1,357,937 $204Kbefore exit
PGACR Pantages Capital Acquis-RT RIGHT 11/15/2029 New 700,000 $175K
CRTWF Cartica Acquisition A -28 *W EXP 04/30/202 Sold out 589,054 $159Kbefore exit
USA RARE EARTH INC *W EXP 03/13/203 New 235,173 $158K
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 Sold out 266,666 $120Kbefore exit
HUDAR Hudson Acquisition I Corp.-RT RIGHT 99/99/9999 Sold out 540,000 $119Kbefore exit
GLSTR Global Star Acquisition-RTS RIGHT 99/99/9999 Sold out 750,000 $112Kbefore exit
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 New 500,000 $102K
RIBBR Ribbon Acquisition Corp. RIGHT 12/31/2026 New 400,000 $100K
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 New 400,000 $96K
GDSTR Goldenstone Acquisitio-Right RIGHT 07/15/2026 Sold out 540,000 $87Kbefore exit
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 New 275,000 $82K
AQUNR Aquaron Acquisition Corp.-RTS RIGHT 07/15/2026 Sold out 475,000 $81Kbefore exit
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 New 400,000 $80K
MARXR Mars Acquisition Corp.-Rights RIGHT 99/99/9999 Sold out 200,000 $76Kbefore exit
BRACR Broad Capital Acquis-Right RIGHT 01/10/2027 Sold out 500,000 $72Kbefore exit
RFACR RF Acquisition Corp.- Rights RIGHT 05/01/2028 Sold out 475,000 $71Kbefore exit
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 New 100,000 $69K
RZLVW Rezolve AI PLC -CW27 *W EXP 08/15/202 Sold out 81,900 $61Kbefore exit
BZAIW Burtech Acquisition -CW23 *W EXP 01/13/203 New 315,000 $60K
WTMAR Welsbach Tech Metals Acq -RT RIGHT 12/22/2026 Sold out 579,000 $58Kbefore exit
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 New 350,000 $58K
CSLWF Consilium Acquisition -27 *W EXP 99/99/999 Sold out 687,500 $55Kbefore exit
GCLWW GCL Global Holdings-A -CW26 *W EXP 02/13/203 New 852,580 $48K
ASPCR A Spac III Acquisition Corp. RIGHT 01/02/2026 New 340,000 $47K
BLACR Bellevue Life Sciences-RTS RIGHT 02/09/2028 Sold out 360,000 $47Kbefore exit
RFACW RF Acquisition Corp.-CW27 *W EXP 05/01/202 Sold out 1,052,580 $37Kbefore exit
RAINW Rain Enhancement-CW 29 *W EXP 12/31/202 New 419,810 $37K

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 509$4.1BMSFT, TD, SLF, MFC, SPY
Q1 2026 420$3.1BNVDA, CWAN, OS, TPH, EA
Q4 2025 419$3.9BPHYS, AMZN, NVDA, PLTR, DAY
Q3 2025Amended 398$3.4BPHYS, VRNA, NVDA, HD, AAPL
Q2 2025 379$3.0BPHYS, SKX, DNB, AZEK, PSLV
Q1 2025 303$2.2BPHYS, PSLV, MDT, ITCI, PDCO
Q4 2024Amended 441$5.1BIVV, NVDA, MSFT, AMZN, AAPL
Q3 2024 467$2.9BPHYS, PSLV, EDR, PODD, PWSC
Q2 2024 438$2.6BPHYS, PSLV, BDX, ISRG, PODD
Q1 2024 468$2.8BPHYS, SPY, PODD, PSLV, PXD