Q Global Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Q Global Advisors, LLC reported 10 stock positions worth $121.8 million. Its top holding was iShares Russell 2000 ETF (IWM) at 35.2% of the portfolio, followed by Ascendis Pharma A/S (ASND, 31.8%) and SS SPDR S&P 500 ETF Trust-US (SPY, 14.0%). Compared with Q4 2024, it opened 3 new positions, sold out of 4, added to 4 and reduced 2. The biggest buy was a new position in iShares Russell 2000 ETF (IWM) and the biggest sale an exit from Modivcare (MODVQ).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001469589
- Portfolio Value
- $121.8M (Q1 2025)
- SEC Filing
- 0001469589-25-000003 ↗ filed May 14, 2025
Holdings Value
Holdings 10 stocks · $121.8M
| IWM iShares Russell 2000 ETF | 35.17% | 214,780 | $42.8M | New |
| ASND Ascendis Pharma A/S | 31.84% | 248,887 | $38.8M | Add +13.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 14.02% | 30,541 | $17.1M | New |
| TDG Transdigm Group Inc. | 8.31% | 7,321 | $10.1M | No change |
| HLF Herbalife Ltd. | 3.15% | 444,765 | $3.8M | Add +22.1% |
| RCL Royal Caribbean Cruises Ltd. | 2.28% | 13,532 | $2.8M | Add +0.0% |
| MCHI iShares MSCI China ETF | 1.58% | 35,468 | $1.9M | Reduce -33.3% |
| ENVA Enova International Inc. | 1.50% | 18,928 | $1.8M | New |
| CQQQ Invesco China Technology ETF | 1.46% | 40,250 | $1.8M | Reduce -33.3% |
| XBI SS SPDR S&P Biotech ETF | 0.67% | 10,000 | $811K | Add +0.0% |
Other holdings (41): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | 215,971 | $205K | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 203,778 | $151K | New |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | 111,451 | $72K | No change |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 332,842 | $63K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 50,090 | $56K | Reduce -33.3% |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | 358,060 | $54K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 218,153 | $50K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 89,237 | $50K | No change |
| GRRRW Gorilla Technology Group-CW | *W EXP 99/99/999 | 43,676 | $47K | Reduce -70.9% |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 43,911 | $44K | No change |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | 150,000 | $39K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 204,670 | $29K | No change |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | 196,700 | $28K | No change |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 163,529 | $26K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 100,000 | $26K | No change |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 224,685 | $25K | No change |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 111,701 | $23K | No change |
| CLSKW Cleanspark Inc.-29 | *W EXP 12/29/202 | 100,000 | $18K | No change |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 470,085 | $17K | No change |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 92,579 | $15K | No change |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 | 60,000 | $14K | No change |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 113,099 | $11K | No change |
| GATEW Marblegate Acquisition -CW22 | *W EXP 08/31/202 | 52,549 | $8K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 150,816 | $8K | No change |
| TBLAW Taboola.com Ltd. -CW27 | *W EXP 99/99/999 | 50,000 | $8K | No change |
| RAINW Rain Enhancement-CW 29 | *W EXP 12/31/202 | 85,137 | $7K | New |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 132,146 | $7K | No change |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 99,534 | $6K | No change |
| LNZAW Amci Acquisition II A -CW28 | *W EXP 01/01/202 | 106,974 | $6K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 72,992 | $5K | No change |
| LAKESHORE BIOPHARMA CO LTD | *W EXP 03/15/202 | 130,600 | $5K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 194,164 | $4K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 129,120 | $4K | No change |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 105,521 | $4K | No change |
| CGBWF Crown LNG Holdings Ltd.-28 | *W EXP 07/09/202 | 125,488 | $4K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 130,872 | $4K | No change |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | 106,937 | $3K | No change |
| REEWF Cartesian Growth Corp. II -28 | *W EXP 07/12/202 | 46,740 | $3K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 170,785 | $2K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 19,614 | $1K | No change |
| ADVWW Advantage Solutions in-CW25 | *W EXP 10/28/202 | 39,401 | $0 | No change |
Total filed on the 13F, all lines: $123.0M.
Portfolio Sells Q4 2024 → Q1 2025
| MODVQ Modivcare Inc. | Sold out | 0.00% | −24.37 |
| PRKS United Parks & Resorts Inc. | Sold out | 0.00% | −17.66 |
| NICE Nice Ltd. - Spon ADR | Sold out | 0.00% | −4.81 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −4.19 |
| MCHI iShares MSCI China ETF | Reduce -33.3% | 1.58% | −1.03 |
| CQQQ Invesco China Technology ETF | Reduce -33.3% | 1.46% | −1.02 |
Portfolio Buys Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | New | 35.17% | +35.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 14.02% | +14.02 |
| RCL Royal Caribbean Cruises Ltd. | Add +0.0% | 2.28% | +2.28 |
| ENVA Enova International Inc. | New | 1.50% | +1.50 |
| XBI SS SPDR S&P Biotech ETF | Add +0.0% | 0.67% | +0.67 |
| HLF Herbalife Ltd. | Add +22.1% | 3.15% | +0.60 |
| ASND Ascendis Pharma A/S | Add +13.4% | 31.84% | +0.23 |
Notes & Other Activity Q4 2024 → Q1 2025
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | New | 203,778 | $151K |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | New | 332,842 | $63K |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | Reduce -33.3% | 50,090 | $56K |
| GRRRW Gorilla Technology Group-CW | *W EXP 99/99/999 | Reduce -70.9% | 43,676 | $47K |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | Sold out | 179,614 | $14Kbefore exit |
| RAINW Rain Enhancement-CW 29 | *W EXP 12/31/202 | New | 85,137 | $7K |
| BYNOW Bynordic Acquisition -CW27 | *W EXP 07/01/202 | Sold out | 193,320 | $6Kbefore exit |
| AILWQ Arrowroot Acquisition -CW26 | *W EXP 04/16/202 | Sold out | 140,014 | $3Kbefore exit |
| PPYAW Papaya Growth Opportuni-CW23 | *W EXP 12/31/202 | Sold out | 95,517 | $2Kbefore exit |
| XFINW Excelfin Acquisition -CW23 | *W EXP 10/25/202 | Sold out | 0 | $0before exit |
| GHIXW Gores Holding Ix -CW24 | *W EXP 01/14/202 | Sold out | 0 | $0before exit |
| AMODW Insight Acquisition Corp. | *W EXP 08/26/202 | Sold out | 0 | $0before exit |
| ROCLW Roth CH Acquisition V -CW23 | *W EXP 12/10/202 | Sold out | 0 | $0before exit |
| SHCRW Sharecare Inc. -CW27 | *W EXP 07/01/202 | Sold out | 0 | $0before exit |
| THCPW Thunder Bridge Capital-CW | *W EXP 04/30/202 | Sold out | 0 | $0before exit |
| ONYXW Onyx Acq Co. I Class A -CW23 | *W EXP 11/30/202 | Sold out | 0 | $0before exit |
| SEDA.WS SDCL Edge Acq Class A -CW28 | *W EXP 99/99/999 | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $145.7M | ASND, MSFT, BX, GOOG, AMZN |
| Q1 2026 | 14 | $102.7M | ASND, SPY, ENVA, CCL, TDG |
| Q4 2025 | 14 | $101.0M | ASND, ENVA, SPY, TDG, NCLH |
| Q3 2025 | 6 | $62.3M | ASND, ENVA, TDG, TRTX, HLF |
| Q2 2025 | 10 | $117.2M | ASND, IWM, TDG, HLF, TRTX |
| Q1 2025 | 10 | $121.8M | IWM, ASND, SPY, TDG, HLF |
| Q4 2024Amended | 9 | $95.6M | ASND, MODVQ, PRKS, TDG, NICE |
| Q3 2024 | 10 | $113.0M | ASND, PRKS, XBI, MODVQ, CQQQ |
| Q2 2024 | 16 | $139.6M | ASND, PRKS, XBI, MODVQ, BLDR |
| Q1 2024 | 20 | $261.2M | SPY, IWM, ASND, PRKS, XBI |