Q Global Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Q Global Advisors, LLC reported 14 stock positions worth $102.7 million. Its top holding was Ascendis Pharma A/S (ASND) at 22.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 12.7%) and Enova International (ENVA, 12.4%). Compared with Q4 2025, it opened 4 new positions, sold out of 4, added to 5 and reduced 3. The biggest buy was a new position in Ascendis Pharma A/S (ASND) and the biggest sale an exit from Ascendis Pharma A/S (ASND).

Most Recent 13F
Q2 2026
Location
FORT WORTH, TX
CIK
0001469589
Portfolio Value
$102.7M (Q1 2026)
SEC Filing
0001469589-26-000006 ↗ filed May 15, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $261.2M Q1 2024 Q2 2024: $139.6M Q2 2024 Q3 2024: $113.0M Q3 2024 Q4 2024: $95.6M Q4 2024 Q1 2025: $121.8M Q1 2025 Q2 2025: $117.2M Q2 2025 Q3 2025: $62.3M Q3 2025 Q4 2025: $101.0M Q4 2025 Q1 2026: $102.7M $102.7M Q1 2026 Q2 2026: $145.7M Q2 2026

Holdings 14 stocks · $102.7M
ASND Ascendis Pharma A/S 22.27% 100,000 $22.9M New
SPY SS SPDR S&P 500 ETF Trust-US 12.66% 20,000 $13.0M Add +36.4%
ENVA Enova International Inc. 12.39% 93,690 $12.7M Add +9.9%
CCL Carnival Corp. Ltd. 10.08% 400,000 $10.4M New
TDG Transdigm Group Inc. 7.08% 6,276 $7.3M No change
BX Blackstone Inc. 6.83% 61,000 $7.0M Add +378.7%
PGY Pagaya Technologies Ltd. Class A 6.10% 537,551 $6.3M Add +324.8%
KKR KKR & Co. Inc. 5.49% 61,000 $5.6M New
TRTX TPG Re Finance Trust Inc. 4.48% 589,903 $4.6M Reduce -6.2%
HLF Herbalife Ltd. 3.74% 260,790 $3.8M Reduce -32.9%
FBRT Franklin BSP Realty Trust Inc. 3.29% 398,078 $3.4M Add +32.1%
AMZN Amazon.com Inc. 3.12% 15,384 $3.2M New
NCLH Norwegian Cruise Line Holdin 2.22% 121,885 $2.3M Reduce -54.9%
GPMT Granite Point Mortgage Trust 0.26% 183,717 $266K No change

Options reported separately and not counted above: ASCENDIS PHARMA A/S calls ($9.4M).

Other holdings (34): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
HQWWW Horizon Quant -31 *W EXP 03/19/203 198,133$406KNew
NUCLW Eagle Nuclear Energy Corp. *W EXP 02/25/203 151,370$210KNew
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 64,500$117KReduce -14.0%
BZAIW Burtech Acquisition -CW23 *W EXP 01/13/203 150,000$57KNo change
MDAIW Spectral AI -CW27 *W EXP 09/11/202 99,670$56KNo change
FBYDW Falcon's Beyond Global-27 *W EXP 10/06/202 25,000$47KNo change
NAMMW Namib Minerals *W EXP 06/05/203 333,060$45KReduce -7.0%
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 169,164$44KReduce -12.9%
MNYWW Moneyhero Ltd.-28 *W EXP 09/13/202 470,085$40KNo change
CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 100,000$25KNo change
FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 99,600$24KReduce -11.9%
FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 203,778$22KNo change
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 25,090$18KNo change
RAINW Rain Enhancement-CW 29 *W EXP 12/31/202 85,137$18KNo change
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 224,685$17KNo change
RDZNW Vahanna Tech Edge -CW24 *W EXP 11/30/202 150,816$17KNo change
CNCKW Coincheck Group NV *W EXP 12/11/202 89,237$15KNo change
FUSEW CSLM Holdings Inc. - 30 *W EXP 10/22/203 179,614$13KNo change
GRRRW Gorilla Technology Group-CW *W EXP 99/99/999 43,676$13KNo change
RZLVW Rezolve AI PLC -CW27 *W EXP 08/15/202 13,356$12KNo change
SCAGW Scage Future -30 *W EXP 05/15/203 211,287$10KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 129,120$9KNo change
MRNOW Murano Global BV-28 *W EXP 03/19/202 218,153$9KNo change
NVNWF Nvni Group Ltd.-28 *W EXP 11/01/202 130,872$8KNo change
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 163,529$6KNo change
BDMDW Baird Medical Investment -28 *W EXP 10/01/202 72,992$6KNo change
AMODW Insight Acquisition Co. -CW23 *W EXP 12/13/202 99,534$4KNo change
TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 132,146$4KNo change
PSQH.WS Colombier Acq Class A -CW28 *W EXP 07/19/202 60,000$3KNo change
DAICW Cid Holdco Inc. -26 *W EXP 12/31/202 59,602$2KNo change
LNZAW Amci Acquisition II A -CW28 *W EXP 01/01/202 106,974$2KNo change
WGSWW Genedx Holdings Corp. *W EXP 07/22/202 111,701$1KNo change
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 19,614$1KNo change
TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 46,078$0No change

Total filed on the 13F, all lines: $104.0M.

Portfolio Sells Q4 2025 → Q1 2026
ASND Ascendis Pharma A/S Sold out 0.00% −40.11
NCLH Norwegian Cruise Line Holdin Reduce -54.9% 2.22% −3.75
CCL Carnival Corp. Sold out 0.00% −1.96
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −1.73
HLF Herbalife Ltd. Reduce -32.9% 3.74% −1.23
TRTX TPG Re Finance Trust Inc. Reduce -6.2% 4.48% −0.88
BRSP Brightspire Capital Inc. Sold out 0.00% −0.51

Portfolio Buys Q4 2025 → Q1 2026
ASND Ascendis Pharma A/S New 22.27% +22.27
CCL Carnival Corp. Ltd. New 10.08% +10.08
KKR KKR & Co. Inc. New 5.49% +5.49
BX Blackstone Inc. Add +378.7% 6.83% +4.88
PGY Pagaya Technologies Ltd. Class A Add +324.8% 6.10% +3.48
AMZN Amazon.com Inc. New 3.12% +3.12
SPY SS SPDR S&P 500 ETF Trust-US Add +36.4% 12.66% +2.77
FBRT Franklin BSP Realty Trust Inc. Add +32.1% 3.29% +0.30
ENVA Enova International Inc. Add +9.9% 12.39% −0.87

Options Activity Q4 2025 → Q1 2026
ASCENDIS PHARMA A/S call New 41,000 $9.4M

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
HQWWW Horizon Quant -31 *W EXP 03/19/203 New 198,133 $406K
NUCLW Eagle Nuclear Energy Corp. *W EXP 02/25/203 New 151,370 $210K
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 Reduce -14.0% 64,500 $117K
NAMMW Namib Minerals *W EXP 06/05/203 Reduce -7.0% 333,060 $45K
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 Reduce -12.9% 169,164 $44K
FLYX.WS Eg Acquisition Corp.-A -CW28 *W EXP 99/99/999 Reduce -11.9% 99,600 $24K
BSLKW Golden Arrow Merger A -CW26 *W EXP 08/13/202 Sold out 106,937 $2Kbefore exit
CRPWF Carbon Revolution PLC *W EXP 99/99/999 Sold out 105,521 $1Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$145.7MASND, MSFT, BX, GOOG, AMZN
Q1 2026 14$102.7MASND, SPY, ENVA, CCL, TDG
Q4 2025 14$101.0MASND, ENVA, SPY, TDG, NCLH
Q3 2025 6$62.3MASND, ENVA, TDG, TRTX, HLF
Q2 2025 10$117.2MASND, IWM, TDG, HLF, TRTX
Q1 2025 10$121.8MIWM, ASND, SPY, TDG, HLF
Q4 2024Amended 9$95.6MASND, MODVQ, PRKS, TDG, NICE
Q3 2024 10$113.0MASND, PRKS, XBI, MODVQ, CQQQ
Q2 2024 16$139.6MASND, PRKS, XBI, MODVQ, BLDR
Q1 2024 20$261.2MSPY, IWM, ASND, PRKS, XBI