Radcliffe Capital Management, L.P.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Radcliffe Capital Management, L.P. reported 92 stock positions worth $217.8 million. Its top holding was Gores Holdings X Class A (GTEN) at 3.1% of the portfolio, followed by Copley Acquisition Class A (COPL, 2.9%) and One Nuclear Energy (ONEN, 2.6%). Compared with Q1 2025, it opened 88 new positions, sold out of 2, added to 1 and reduced 2. The biggest buy was a new position in Gores Holdings X Class A (GTEN) and the biggest sale an exit from Ares Acquisition Corp. II.

Most Recent 13F
Q2 2026
Location
BALA CYNWYD, PA
CIK
0001218275
Portfolio Value
$217.8M (Q2 2025)
SEC Filing
0001104659-25-078036 ↗ filed Aug 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $129.6M Q1 2024 Q2 2024: $9.7M Q2 2024 Q3 2024: $13.1M Q3 2024 Q4 2024: $8.4M Q4 2024 Q1 2025: $5.6M Q1 2025 Q2 2025: $217.8M $217.8M Q2 2025 Q3 2025: $488.9M Q3 2025 Q4 2025: $706.4M Q4 2025 Q1 2026: $884.6M Q1 2026 Q2 2026: $971.9M Q2 2026

Holdings 92 stocks · $217.8M
GTEN Gores Holdings X Inc. Class A 3.10% 658,063 $6.7M New
COPL Copley Acquisition Corp. Class A 2.85% 616,879 $6.2M New
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 2.63% 563,399 $5.7M New
OYSEU Oyster Enterprises II Acquis 2.56% 551,079 $5.6M New
JACS Jackson Acquisition Co. Class A 2.54% 537,100 $5.5M New
TVAIU Thayer Ventures Acquisition 2.49% 533,683 $5.4M New
XRPN Armada Acquisition Class A 2.47% 535,030 $5.4M New
VACH Voyager Acquisition Corp. 2.38% 500,000 $5.2M New
KCHVU Kochav Defense Acquisition C 2.34% 500,000 $5.1M New
SDHI Siddhi Acquisition Corp. Class A 2.33% 500,978 $5.1M New
CRAQ Cal Redwood Acquisit Class A 2.31% 504,694 $5.0M New
BACCU Blue Acquisition Corp. 2.31% 500,000 $5.0M New
BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I 2.30% 500,000 $5.0M New
OBAWU Oxley Bridge Acquisition Ltd. 2.30% 500,000 $5.0M New
PACHU Pioneer Acquisition I Corp. 2.30% 500,000 $5.0M New
SZZL Sizzle Acquisition Corp. Class A 2.22% 480,265 $4.8M New
CHAC Crane Harbor Acqu Corp. Class A 2.15% 464,049 $4.7M New
SOUL Soulpower Acquisition Co. Class A 2.03% 439,784 $4.4M New
TVA Texas Ventures Acquisition-A 1.95% 419,832 $4.2M New
RAC Rithm Acquisition Corp. Class A 1.85% 394,533 $4.0M New
LWACU Lightwave Acquisition Corp. 1.78% 384,680 $3.9M New
AXINU Axiom Intelligence Acquisiti 1.74% 375,664 $3.8M New
ANSC Agriculture & Natural Soluti 1.68% 336,632 $3.7M New
KFII K&F Growth Acquisition Cor-A 1.63% 349,331 $3.6M New
ATII Archimedes Tech Spac Partner 1.54% 326,920 $3.3M New
RAAQ Real Asset Acquisiti Class A 1.52% 325,971 $3.3M New
PLMK Plum Acquisition Corp. IV 1.47% 311,355 $3.2M New
CAEP Cantor Equity Partners III-A 1.45% 300,000 $3.2M New
MACI Melar Acquisition Corp. I-A 1.42% 294,375 $3.1M New
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 1.42% 306,721 $3.1M New
FIGXU Figx Capital Acquisition Cor 1.38% 300,000 $3.0M New
CHPGU Championsgate Acquisition Co. 1.35% 289,416 $2.9M New
NTWO Newbury Street II Ac Class A 1.31% 276,699 $2.9M New
SIMA Sim Acquisition Corp. I-A 1.29% 270,579 $2.8M New
NETD Nabors Energy Transition C-A 1.27% 250,000 $2.8M New
AACB Artius II Acquisition Inc. Class A 1.25% 268,002 $2.7M New
EGHAU Egh Acquisition Corp. 1.24% 264,763 $2.7M New
TACH Titan Acquisition Corp. Class A 1.23% 265,523 $2.7M New
JENA.U Jena Acquisition Corp. II 1.21% 257,046 $2.6M New
PELI Pelican Acquisition Corp. 1.16% 251,272 $2.5M New
POLE Andretti Acquisition Corp. Class A 1.10% 229,842 $2.4M New
PGAC Pantages Capital Acquisition filed as AIFEEX NEXUS ACQUISITION COR 1.07% 229,090 $2.3M New
BEAG Bold Eagle Acquisition Cor-A 1.03% 214,221 $2.2M New
LEGT Legato Merger Corp. III 0.92% 188,446 $2.0M New
CCCXU Churchill Capital Corp. X 0.91% 191,516 $2.0M New
BRR Columbus Circle Capital Co. Class A 0.88% 179,930 $1.9M New
NHIC Newhold Investment Cor III-A 0.85% 183,091 $1.9M New
DRDB Roman DBDR Acquisition Corp. 0.85% 179,440 $1.9M New
TDAC Translational Development Ac 0.83% 175,304 $1.8M New
BSAAU Best Spac I Acquisition Corp. 0.78% 170,000 $1.7M New
SBXDF Silverbox Corp. IV-A 0.78% 155,037 $1.7M New
MCGAU Yorkville Acquisition Corp. 0.77% 150,000 $1.7M New
DYNC Dynamix Corp. 0.73% 155,118 $1.6M New
GPAT GP-Act III Acquisition-A 0.72% 147,743 $1.6M New
TACO Berto Acquisition Corp. 0.69% 143,626 $1.5M New
WENNU Wen Acquisition Corp. 0.64% 132,621 $1.4M New
DMAA Drugs Made in America Acquis 0.59% 126,722 $1.3M New
MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR 0.59% 125,300 $1.3M New
WTGUU Wintergreen Acquisition Corp. 0.58% 125,000 $1.3M New
UYSC Uy Scuti Acquisition Corp. 0.58% 125,125 $1.3M New
GSRT GSR III Acquisition Corp. 0.58% 116,500 $1.3M Reduce -33.0%
AAM Aa Mission Acquisition Cor-A 0.56% 117,075 $1.2M New
MGNI Magnite Inc. 0.55% 50,000 $1.2M No change
PMTRU Perimeter Acquisition Corp. I 0.55% 112,600 $1.2M New
FERA Fifth Era Acquisition Corp. Class A 0.49% 104,558 $1.1M New
ALDF Aldel Financial II Inc. 0.46% 95,798 $1.0M New
LCCC Lakeshore Acquisition III Co. 0.46% 100,000 $1.0M New
LPBB Launch Two Acquisition Class A 0.43% 90,874 $947K New
OACC Oaktree Acquisition Corp. I-A 0.39% 81,913 $856K New
RTAC Renatus Tactical Acquisiti-A 0.38% 70,000 $826K New
CUB Lionheart Holdings Class A 0.37% 77,200 $811K New
PCAPU Procap Acquisition Corp. 0.37% 75,000 $804K New
GSHR Gesher Acquisition Corp. II-A 0.36% 77,550 $787K New
DAAQ Digital Asset Acquisiti Class A 0.36% 75,000 $786K New
FTW Eqv Ventures Acquisition C-A 0.32% 67,247 $707K New
VCIC Vine Hill Capital Class A 0.27% 56,123 $584K Add +94.2%
SPKLF Spark I Acquisition Corp. 0.24% 48,708 $531K New
ASPC A Spac III Acquisition Class A 0.15% 32,870 $336K New
WLAC Willow Lane Acquisition Class A 0.14% 28,766 $294K New
CAPN Cayson Acquisition Corp. 0.13% 26,904 $280K New
QSEA Quartzsea Acquisition Corp. 0.12% 26,553 $267K New
TDOC Teladoc Health Inc. 0.11% 27,400 $239K New
TAVI Tavia Acquisition Corp. 0.10% 21,846 $224K New
IPEX Inflection Point Acquisition filed as MAYWOOD ACQUISITION CORP 0.10% 20,867 $211K New
RANG Range Capital Acquisition Co. 0.09% 18,390 $188K New
ALF Centurion Acquisition Corp. 0.07% 15,402 $162K New
HSPT Horizon Space Acquisition II 0.07% 15,017 $154K New
NPACU New Providence Acquisition C 0.07% 14,417 $151K New
HAYMAKER ACQUISITION CORP 4 0.05% 10,011 $111K Reduce -73.5%
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.05% 10,062 $108K New
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.00% 15,684 $0 New
MLAC Mountain Lake Acquisition-A 0.00% 96,854 $0 New
Other holdings (53): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)
SecurityClassShares / PrincipalValueChange
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 155,235,000$144.8MReduce -11.9%
ENPHASE ENERGY INC (ENPH 0 03/01/26) NOTE 3/0 · principal 140,250,000$133.9MAdd +100.9%
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) NOTE 11/0 · principal 100,677,000$98.3MAdd +182.2%
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 94,750,000$87.2MAdd +4.1%
NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal 81,181,000$80.0MAdd +7.7%
MAGNITE INC (MGNI 0.25 03/15/26) NOTE 0.250% 3/1 · principal 74,767,000$71.9MAdd +7.2%
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal 67,047,000$67.2MNo change
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 42,230,000$40.5MAdd +33.1%
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 42,639,000$34.6MAdd +6.2%
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 38,000,000$32.6MNo change
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 38,900,000$32.5MAdd +31.2%
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 34,255,000$32.4MAdd +87.6%
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal 28,500,000$28.3MNew
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 25,822,000$24.2MNo change
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 18,461,000$17.2MNo change
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 17,000,000$17.0MNew
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) NOTE 0.750% 8/0 · principal 16,688,000$16.5MAdd +28.5%
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal 15,600,000$14.7MNo change
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 13,500,000$13.1MAdd +92.9%
ETSY INC (ETSY 0.125 09/01/27) NOTE 0.125% 9/0 · principal 11,600,000$10.3MNo change
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 5,000,000$10.2MNo change
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 12,000,000$9.5MNew
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 8,270,000$8.0MAdd +230.8%
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 8,092,000$7.8MAdd +47.1%
OMNICELL INC (OMCL 0.25 09/15/25) NOTE 0.250% 9/1 · principal 7,886,000$7.8MAdd +124.0%
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 2,500,000$6.9MNo change
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 7,302,000$6.6MAdd +217.2%
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal 5,000,000$5.3MNew
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 5,000,000$5.1MNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 503,394$5.0MNew
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal 5,019,000$5.0MNew
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 5,000,000$4.8MNo change
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 3,000,000$3.9MNo change
VERINT SYSTEMS INC (VRNT 0.25 04/15/26) NOTE 0.250% 4/1 · principal 3,801,000$3.6MNew
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 232,571$2.3MNew
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 217,245$2.2MNew
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 202,149$2.0MNew
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 81,843$820KNew
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal 500,000$481KNew
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 62,776$114KNew
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 164,515$100KNew
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 267,515$74KNew
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 24,394$49KNew
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 145,742$39KNew
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 210,324$39KNew
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 124,069$32KNew
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 157,739$26KNew
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 26,343$18KNew
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 13,499$5KNew
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 14,448$4KNo change
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 35,448$4KReduce -59.4%
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 30,000$3KNo change
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 73,758$0New

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q1 2025 → Q2 2025
ARES ACQUISITION CORP II Sold out 0.00% −39.47
GSRT GSR III Acquisition Corp. Reduce -33.0% 0.58% −30.23
HAYMAKER ACQUISITION CORP 4 Reduce -73.5% 0.05% −7.31
BITCOIN DEPOT INC Sold out 0.00% −7.07

Portfolio Buys Q1 2025 → Q2 2025
GTEN Gores Holdings X Inc. Class A New 3.10% +3.10
COPL Copley Acquisition Corp. Class A New 2.85% +2.85
ONEN One Nuclear Energy Inc. New 2.63% +2.63
OYSEU Oyster Enterprises II Acquis New 2.56% +2.56
JACS Jackson Acquisition Co. Class A New 2.54% +2.54
TVAIU Thayer Ventures Acquisition New 2.49% +2.49
XRPN Armada Acquisition Class A New 2.47% +2.47
VACH Voyager Acquisition Corp. New 2.38% +2.38
KCHVU Kochav Defense Acquisition C New 2.34% +2.34
SDHI Siddhi Acquisition Corp. Class A New 2.33% +2.33
CRAQ Cal Redwood Acquisit Class A New 2.31% +2.31
BACCU Blue Acquisition Corp. New 2.31% +2.31
BLUWU Blue Water Acquisition III New 2.30% +2.30
OBAWU Oxley Bridge Acquisition Ltd. New 2.30% +2.30
PACHU Pioneer Acquisition I Corp. New 2.30% +2.30
SZZL Sizzle Acquisition Corp. Class A New 2.22% +2.22
CHAC Crane Harbor Acqu Corp. Class A New 2.15% +2.15
SOUL Soulpower Acquisition Co. Class A New 2.03% +2.03
TVA Texas Ventures Acquisition-A New 1.95% +1.95
RAC Rithm Acquisition Corp. Class A New 1.85% +1.85
LWACU Lightwave Acquisition Corp. New 1.78% +1.78
AXINU Axiom Intelligence Acquisiti New 1.74% +1.74
ANSC Agriculture & Natural Soluti New 1.68% +1.68
KFII K&F Growth Acquisition Cor-A New 1.63% +1.63
ATII Archimedes Tech Spac Partner New 1.54% +1.54
RAAQ Real Asset Acquisiti Class A New 1.52% +1.52
PLMK Plum Acquisition Corp. IV New 1.47% +1.47
CAEP Cantor Equity Partners III-A New 1.45% +1.45
MACI Melar Acquisition Corp. I-A New 1.42% +1.42
CCAQ Collective Acquisition Corp. New 1.42% +1.42
FIGXU Figx Capital Acquisition Cor New 1.38% +1.38
CHPGU Championsgate Acquisition Co. New 1.35% +1.35
NTWO Newbury Street II Ac Class A New 1.31% +1.31
SIMA Sim Acquisition Corp. I-A New 1.29% +1.29
NETD Nabors Energy Transition C-A New 1.27% +1.27
AACB Artius II Acquisition Inc. Class A New 1.25% +1.25
EGHAU Egh Acquisition Corp. New 1.24% +1.24
TACH Titan Acquisition Corp. Class A New 1.23% +1.23
JENA.U Jena Acquisition Corp. II New 1.21% +1.21
PELI Pelican Acquisition Corp. New 1.16% +1.16
POLE Andretti Acquisition Corp. Class A New 1.10% +1.10
PGAC Pantages Capital Acquisition New 1.07% +1.07
BEAG Bold Eagle Acquisition Cor-A New 1.03% +1.03
LEGT Legato Merger Corp. III New 0.92% +0.92
CCCXU Churchill Capital Corp. X New 0.91% +0.91
BRR Columbus Circle Capital Co. Class A New 0.88% +0.88
NHIC Newhold Investment Cor III-A New 0.85% +0.85
DRDB Roman DBDR Acquisition Corp. New 0.85% +0.85
TDAC Translational Development Ac New 0.83% +0.83
BSAAU Best Spac I Acquisition Corp. New 0.78% +0.78

Notes & Other Activity Q1 2025 → Q2 2025
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal Reduce -11.9% 155,235,000 $144.8M
ENPHASE ENERGY INC (ENPH 0 03/01/26) NOTE 3/0 · principal Add +100.9% 140,250,000 $133.9M
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) NOTE 11/0 · principal Add +182.2% 100,677,000 $98.3M
LIVONGO HEALTH (TDOC 0.875 06/01/25) NOTE 0.875% 6/0 · principal Sold out 93,004,000 $92.1Mbefore exit
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal Add +4.1% 94,750,000 $87.2M
NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal Add +7.7% 81,181,000 $80.0M
MAGNITE INC (MGNI 0.25 03/15/26) NOTE 0.250% 3/1 · principal Add +7.2% 74,767,000 $71.9M
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal Add +33.1% 42,230,000 $40.5M
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal Add +6.2% 42,639,000 $34.6M
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal Add +31.2% 38,900,000 $32.5M
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal Add +87.6% 34,255,000 $32.4M
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal New 28,500,000 $28.3M
FIVE9 INC (FIVN 0.5 06/01/25) NOTE 0.500% 6/0 · principal Sold out 22,329,000 $22.1Mbefore exit
REPAY HOLDINGS (RPAY 0 02/01/26 *) NOTE 2/0 · principal Sold out 22,026,000 $21.0Mbefore exit
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal New 17,000,000 $17.0M
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) NOTE 0.750% 8/0 · principal Add +28.5% 16,688,000 $16.5M
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal Add +92.9% 13,500,000 $13.1M
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal New 12,000,000 $9.5M
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Add +230.8% 8,270,000 $8.0M
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal Sold out 7,000,000 $7.8Mbefore exit
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Add +47.1% 8,092,000 $7.8M
OMNICELL INC (OMCL 0.25 09/15/25) NOTE 0.250% 9/1 · principal Add +124.0% 7,886,000 $7.8M
LYFT INC (LYFT 1.5 05/15/25) NOTE 1.500% 5/1 · principal Sold out 6,868,000 $6.8Mbefore exit
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal Add +217.2% 7,302,000 $6.6M
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal New 5,000,000 $5.3M
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 New 503,394 $5.0M
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal New 5,019,000 $5.0M
VERINT SYSTEMS INC (VRNT 0.25 04/15/26) NOTE 0.250% 4/1 · principal New 3,801,000 $3.6M
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 New 232,571 $2.3M
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 New 217,245 $2.2M
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 New 202,149 $2.0M
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 New 81,843 $820K
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal New 500,000 $481K
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 New 62,776 $114K
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 New 164,515 $100K
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 New 267,515 $74K
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 New 24,394 $49K
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 New 145,742 $39K
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 New 210,324 $39K
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 New 124,069 $32K
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 New 157,739 $26K
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 New 26,343 $18K
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 Sold out 52,042 $15Kbefore exit
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 New 13,499 $5K
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 Reduce -59.4% 35,448 $4K
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 New 73,758 $0

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 251$971.9MAAC.U, GUACU, DBCA, EVAC, MTNE.U
Q1 2026 231$884.6MDBCA, EVAC, MESH, WENN, ALOV
Q4 2025 186$706.4MEVAC, MESHU, EVOX, HCMA, SDHI
Q3 2025 146$488.9MMRLN, EVAC, GTEN, AACB, ATII
Q2 2025 92$217.8MGTEN, COPL, ONEN, OYSEU, JACS
Q1 2025 6$5.6MARES ACQUISITION CORP II, GSRT, MGNI, HAYMAKER ACQUISITION CORP 4, BITCOIN DEPOT INC
Q4 2024 8$8.4MARES ACQUISITION CORP II, RRACF, GSRT, TDACU, BITCOIN DEPOT INC
Q3 2024 10$13.1MAAM, ARES ACQUISITION CORP II, RRACF, USAR, ALCYF
Q2 2024 8$9.7MZLSSF, ARES ACQUISITION CORP II, RRACF, USAR, ALCYF
Q1 2024 39$129.6MSCRM, RRACF, USAR, ARES ACQUISITION CORP II, PLAOF