Radcliffe Capital Management, L.P.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Radcliffe Capital Management, L.P. reported 231 stock positions worth $884.6 million. Its top holding was D. Boral Acquisition I Class A (DBCA) at 1.4% of the portfolio, followed by Eqv Ventures Acquisition C-A (EVAC, 1.0%) and Meshflow Acquisition Class A (MESH, 0.9%). Compared with Q4 2025, it opened 62 new positions, sold out of 16, added to 57 and reduced 9. The biggest buy was a new position in D. Boral Acquisition I Class A (DBCA) and the biggest sale an exit from Aa Mission Acquisition Cor-A (AAM).

Most Recent 13F
Q2 2026
Location
BALA CYNWYD, PA
CIK
0001218275
Portfolio Value
$884.6M (Q1 2026)
SEC Filing
0001104659-26-061749 ↗ filed May 15, 2026

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 Q2 2025 Q3 2025: $488.9M Q3 2025 Q4 2025: $706.4M Q4 2025 Q1 2026: $884.6M $884.6M Q1 2026 Q2 2026: $971.9M Q2 2026

Holdings 231 stocks · $884.6M
DBCA D. Boral Acquisition I Class A 1.42% 1,276,329 $12.6M New
EVAC Eqv Ventures Acquisition C-A 1.04% 910,862 $9.2M No change
MESH Meshflow Acquisition Co. Class A 0.87% 775,000 $7.7M Add +3.4%
WENN Wen Acquisition Corp. Class A 0.85% 736,239 $7.5M Add +6.5%
ALOV Aldabra 4 Liquidity Opp Class A 0.84% 750,000 $7.4M New
EVOX Evolution Global Acquis Class A 0.81% 720,988 $7.2M No change
SDHI Siddhi Acquisition Corp. Class A 0.81% 693,837 $7.2M Add +1.5%
JACS Jackson Acquisition Co. Class A 0.81% 675,001 $7.1M Add +1.9%
HCMA HCM III Acquisition Cor Class A 0.80% 703,404 $7.1M Add +0.5%
KOYN CSLM Digital Asset Acqu - A 0.80% 701,739 $7.0M No change
AACB Artius II Acquisition Inc. Class A 0.79% 678,671 $7.0M Add +1.7%
KFII K&F Growth Acquisition Cor-A 0.79% 671,808 $7.0M Add +6.0%
ATII Archimedes Tech Spac Partner 0.78% 661,337 $6.9M Add +0.5%
NPAC New Providence Acquisition-A 0.77% 665,376 $6.8M No change
GPAT GP-Act III Acquisition-A 0.76% 623,267 $6.8M Add +8.7%
GTEN Gores Holdings X Inc. Class A 0.76% 658,063 $6.7M No change
ALUB Alussa Energy Acquisit II-A 0.76% 675,000 $6.7M No change
SOUL Soulpower Acquisition Co. Class A 0.76% 655,635 $6.7M No change
APXT Apex Treasury Corp. Class A 0.76% 675,000 $6.7M No change
BDCI BTC Development Corp. Class A 0.74% 651,320 $6.5M Add +12.0%
GIW GIGCAPITAL8 Corp. Class A 0.73% 650,000 $6.5M No change
BLZR Trailblazer Acquisition Class A 0.73% 639,971 $6.4M Add +19.0%
TACH Titan Acquisition Corp. Class A 0.73% 625,010 $6.4M No change
MBVI M3-Brigade Acquisition Class A 0.73% 638,843 $6.4M Add +0.5%
PACH Pioneer Acquisition I Class A 0.72% 629,247 $6.4M No change
OBA Oxley Bridge Acquisitio Class A 0.72% 625,296 $6.3M No change
OYSE Oyster Enterprises II Acq-A 0.72% 623,741 $6.3M No change
SBXE Silverbox Corp. V Class A 0.72% 635,093 $6.3M No change
GSRF GSR IV Acquisition Corp. Class A 0.71% 629,667 $6.3M Add +3.3%
CCII Cohen Circle Acquisit II - A 0.71% 616,577 $6.3M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.69% 590,384 $6.1M No change
CEPF Cantor Equity Partners Class A 0.69% 600,568 $6.1M Add +12.3%
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.69% 595,296 $6.1M Reduce -0.1%
CTAAU Clearthink 1 Acquisition Cor 0.69% 610,000 $6.1M New
ZKP Lafayette Digital Acquisitio 0.69% 615,000 $6.1M New
IRHO Iron Horse Acquisitions Corp. 0.68% 607,182 $6.0M Add +0.6%
TRGSU TRG Latin America Acquisitio 0.67% 600,000 $6.0M New
ADAC American Drive Acquisit Class A 0.67% 600,000 $5.9M No change
LPCV Launchpad Cadenza Acqui Class A 0.67% 600,000 $5.9M No change
COPL Copley Acquisition Corp. Class A 0.67% 572,786 $5.9M No change
NHIC Newhold Investment Cor III-A 0.66% 560,971 $5.8M No change
KCHV Kochav Defense Acquisition-A 0.66% 566,346 $5.8M Add +0.0%
SIMA Sim Acquisition Corp. I-A 0.65% 539,443 $5.8M Add +0.6%
CRAN Crane Harbor Acquisitio Class A 0.65% 580,266 $5.8M Add +16.1%
NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I 0.65% 575,000 $5.7M No change
DMII Drugs Made in America Acquis 0.65% 575,721 $5.7M Add +0.0%
DMAA Drugs Made in America Acquis 0.65% 546,808 $5.7M No change
LWAC Lightwave Acquisition Corp. Class A 0.65% 564,160 $5.7M No change
XCBE X3 Acquisition Corp. Ltd. Class A 0.64% 575,599 $5.7M New
AXIN Axiom Intelligence Class A 0.63% 549,758 $5.6M No change
CRAQ Cal Redwood Acquisit Class A 0.63% 545,628 $5.6M No change
KRAQ Krakacquisition Corp. Class A 0.63% 562,567 $5.5M New
OTGA Otg Acquisition Corp. I Class A 0.63% 550,000 $5.5M No change
GIX GIGCAPITAL9 Corp. Class A 0.62% 562,114 $5.5M New
BIXI Bitcoin Infrastructure Class A 0.62% 556,079 $5.5M No change
HAVA Harvard Ave Acquisition Class A 0.62% 550,000 $5.5M No change
DRDB Roman DBDR Acquisition Corp. 0.62% 525,266 $5.5M No change
FACT Fact II Acquisition Corp. 0.62% 522,789 $5.5M Reduce -0.1%
HCAC Hall Chadwick Acquisition-A 0.62% 550,000 $5.5M No change
IGAC Invest Green Acquisitio Class A 0.62% 550,000 $5.5M No change
JENA Jena Acquisition Corp. II - A 0.62% 533,672 $5.5M Add +11.2%
HVMC Highview Merger Corp. Class A 0.62% 542,611 $5.5M Add +2.0%
GPAC General Purpose Acquisit-A 0.62% 550,000 $5.5M No change
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.61% 525,544 $5.4M Reduce -0.2%
EGHA Egh Acquisition Co. Class A 0.61% 532,637 $5.4M Add +1.9%
PCAP Procap Acquisition Corp. Class A 0.61% 533,362 $5.4M Add +8.0%
CAQ Cambridge Acquisition Corp. Class A 0.61% 550,000 $5.4M New
TLNC Talon Capital Corp. Class A 0.61% 530,385 $5.4M No change
ALF Centurion Acquisition Corp. 0.61% 501,086 $5.4M No change
DYOR Insight Digital Partners I-A 0.61% 540,544 $5.4M Add +9.8%
TVAI Thayer Ventures Acquis Class A 0.61% 525,000 $5.4M No change
TDAC Translational Development Ac 0.60% 505,514 $5.3M No change
BACC Blue Acquisition Corp. Class A 0.60% 522,226 $5.3M Reduce -0.4%
SZZL Sizzle Acquisition Corp. Class A 0.60% 517,688 $5.3M Add +5.8%
BEAG Bold Eagle Acquisition Cor-A 0.60% 498,845 $5.3M Add +14.6%
ITHA Ithax Acquisition Corp. Class A 0.59% 525,887 $5.2M No change
CLBR Colombier Acq III Class A 0.59% 515,500 $5.2M New
POLE Andretti Acquisition Corp. Class A 0.58% 478,678 $5.1M Add +0.0%
EMIS Emmis Acquisition Corp. Class A 0.57% 499,126 $5.0M No change
SAC Safeguard Acquisition C Class A 0.56% 500,000 $5.0M No change
ILLUU Illumination Acquisition Cor 0.56% 499,161 $5.0M New
FGII FG Imperii Acquisition Class A 0.56% 500,000 $4.9M New
TWLV Twelve Seas Investment Co. Class A 0.56% 500,000 $4.9M No change
MEVO M Evo Global Acquisitio Class A filed as M EVO GBL ACQUISITION CORP I 0.56% 500,000 $4.9M New
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.55% 475,000 $4.9M No change
DAAQ Digital Asset Acquisiti Class A 0.55% 474,599 $4.9M Add +0.0%
XRPN Armada Acquisition Class A 0.54% 466,789 $4.8M No change
TDWD Tailwind 2.0 Acquisitio Class A 0.54% 481,146 $4.8M Add +0.7%
PLMK Plum Acquisition Corp. IV 0.54% 449,055 $4.7M No change
MACI Melar Acquisition Corp. I-A 0.52% 426,939 $4.6M No change
FERA Fifth Era Acquisition Corp. Class A 0.52% 443,395 $4.6M Add +9.6%
ANSC Agriculture & Natural Soluti 0.52% 404,238 $4.6M No change
PAII Pyrophyte Acquisition Corp. Class A 0.51% 446,058 $4.5M Add +15.9%
BCAR D. Boral Arc Acquisit Class A 0.50% 440,470 $4.5M Reduce -19.9%
BBCQ Bleichroeder Acquis II Class A 0.50% 440,149 $4.4M New
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 0.50% 424,606 $4.4M No change
NTWO Newbury Street II Ac Class A 0.49% 414,804 $4.4M Add +0.2%
KCAC.U Kensington Capital Acquisiti 0.49% 431,000 $4.3M New
LPBB Launch Two Acquisition Class A 0.49% 404,653 $4.3M Add +0.3%
RAC Rithm Acquisition Corp. Class A 0.48% 406,297 $4.2M Add +1.8%
DNMX Dynamix Corp. III Class A 0.48% 425,707 $4.2M Add +13.5%
AACI Armada Acq Corp. III-A 0.47% 425,859 $4.2M New
FCRS Futurecrest Acquisition Class A 0.47% 417,041 $4.2M Add +59.6%
ARCI Archimedes Tech Spac Partner 0.46% 414,297 $4.1M New
OACC Oaktree Acquisition Corp. I-A 0.46% 382,445 $4.1M Add +1.4%
RAAQ Real Asset Acquisiti Class A 0.46% 385,249 $4.0M Reduce -0.2%
ALDF Aldel Financial II Inc. 0.45% 379,584 $4.0M Add +2.5%
KPET.U Kpet Ultra Paceline Corp. 0.45% 400,000 $4.0M New
MLAA Mountain Lake Acquisiti Class A 0.45% 403,982 $4.0M New
AEXA American Exceptionalism Class A 0.45% 366,382 $4.0M No change
BLRK Bluerock Acquisition Corp. Class A 0.45% 400,431 $4.0M No change
SCPQ Social Commerce Partner Class-A 0.45% 399,861 $4.0M No change
MUZE Muzero Acquisition Corp. Class A 0.45% 400,400 $3.9M New
ONCH 1RT Acquisition Corp. Class A 0.44% 385,436 $3.9M Add +176.7%
LEGT Legato Merger Corp. III 0.43% 349,810 $3.8M No change
RNGT Range Capital Acquisit Class A 0.43% 381,951 $3.8M Add +3.5%
TACO Berto Acquisition Corp. 0.43% 371,764 $3.8M Add +7.0%
NMP NMP Acquisition Corp. Class A 0.43% 374,900 $3.8M No change
CUB Lionheart Holdings Class A 0.42% 345,241 $3.7M No change
SVIV Spring Valley Acquisitio-A 0.42% 373,796 $3.7M New
VNME Vendome Acquisition Corp. Class A 0.42% 365,419 $3.7M No change
IACOU Idea Acquisition Corp. 0.41% 365,082 $3.6M New
VHCP Vine Hill Capital Inves Class A 0.41% 364,660 $3.6M Reduce -45.5%
GTERA Globa Terra Acquisition Co. Class A 0.40% 350,000 $3.6M No change
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.40% 350,000 $3.6M No change
YCY Aa Mission Acquisition-A 0.40% 350,000 $3.5M No change
MKLY McKinley Acquisition Co. Class A 0.40% 350,000 $3.5M No change
CRAC Crown Reserve Acquisiti Class A 0.40% 350,000 $3.5M No change
LATA Galata Acqu Corp. II Class A 0.40% 350,000 $3.5M No change
PMTR Perimeter Acquis Corp. I Class A 0.39% 338,534 $3.5M Add +22.2%
BIII Black Spade Acquisition Class A 0.39% 350,018 $3.4M New
AEAQ Activate Energy Acquisitio-A 0.39% 347,977 $3.4M Add +10.2%
HCIC Hennessy Capital Invest-A 0.39% 350,000 $3.4M New
BCSS Bain Capital GSS Inv- A 0.39% 338,446 $3.4M Add +27.9%
TVA Texas Ventures Acquisition-A 0.38% 325,894 $3.4M Reduce -7.6%
IPXG Inflection Point Acquisition filed as COLUMBUS CIRCLE CAP CORP II 0.38% 342,802 $3.4M New
FIGX Figx Capital Acquisition C-A 0.38% 331,994 $3.4M No change
SOCA Solarius Capital Acquis Class A 0.38% 328,299 $3.3M No change
CAEP Cantor Equity Partners III-A 0.38% 323,608 $3.3M No change
XSLL Xsolla Spac 1 Class A 0.37% 334,185 $3.3M New
HACQU HCM IV Acquisition Corp. 0.37% 327,164 $3.3M New
AACOU Abony Acquisition Corp. I 0.37% 326,342 $3.2M New
SPEG Silver Pegasus Acquisition-A 0.37% 318,618 $3.2M No change
MZYX.U Mozayyx Acquisition Corp. 0.37% 325,800 $3.2M New
RDAG Republic Digital Acquis Class A 0.37% 315,760 $3.2M Add +18.4%
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.35% 286,789 $3.1M No change
CHEC Chenghe Acquisition II Class A 0.34% 300,000 $3.0M No change
LEGO Legato Merger Corp. IV 0.34% 303,609 $3.0M New
FVAV Fortress Value Acquis V Class A 0.34% 299,619 $3.0M New
MCGA Yorkville Acquisition Corp. Class A 0.34% 294,690 $3.0M No change
IRAB Iris Acquisition Corp. I Class A 0.33% 299,570 $2.9M New
OIM Oneim Acquisition Class-A 0.33% 294,978 $2.9M New
GSHR Gesher Acquisition Corp. II-A 0.33% 278,459 $2.9M Add +22.6%
CEPV Cantor Equity Partners Class A 0.31% 274,366 $2.8M Add +25.4%
SUMAU Suma Acquisition Corp. 0.31% 275,500 $2.8M New
ACAAU Averin Capital Acquisition C 0.31% 275,000 $2.8M New
BWIV.U Blue Water Acquisition Corp. filed as BLUE WTR ACQUISITION CORP IV 0.31% 275,000 $2.7M New
IPCX Inflection Point Acquisiti-A 0.30% 263,743 $2.7M No change
DSAC Daedalus Special Acquis Class A 0.30% 269,249 $2.7M Add +78.0%
INAC Indigo Acquisition Corp. 0.29% 250,000 $2.5M No change
TMTSU Spartacus Acqu Corp. II 0.28% 250,000 $2.5M New
AIIA AI Infrastructure Ac-A 0.28% 250,000 $2.5M No change
FMACU Future Money Acquisition Cor 0.28% 250,000 $2.5M New
SVAQ Silicon Valley Acquisit Class A 0.28% 250,000 $2.5M No change
CHPG Championsgate Acquisitio-A 0.28% 239,738 $2.5M No change
SBXDF Silverbox Corp. IV-A 0.28% 227,454 $2.4M No change
SVCC Stellar V Capital Corp. Class A 0.27% 231,848 $2.4M Add +8.8%
PGAC Pantages Capital Acquisition 0.27% 229,090 $2.4M No change
PONOU Pono Capital Four Inc. 0.27% 237,034 $2.4M New
BEBE Tge Value Creative Solu Class A 0.25% 224,414 $2.2M No change
UAC United Acquisition Corp. I-A 0.24% 215,801 $2.1M New
LKSP Lake Superior Acquisiti Class A 0.24% 210,000 $2.1M No change
IEAG Infinite Eagle Class-A 0.23% 207,428 $2.1M New
MLAC Mountain Lake Acquisition-A 0.23% 193,057 $2.0M No change
MTAL.U Metals Acquisition Corp. II 0.23% 200,000 $2.0M New
LAFA Lafayette Acquisition Corp. 0.23% 200,000 $2.0M No change
WPAC White Pearl Acquisition Co. Class A 0.22% 200,000 $2.0M New
RTAC Renatus Tactical Acquisiti-A 0.22% 185,191 $1.9M Add +32.5%
QADRU Qdro Acquisition Corp. 0.20% 177,905 $1.8M New
MMTX Miluna Acquisition Class A 0.20% 175,000 $1.8M No change
BSAA Best Spac I Acquisition-A 0.20% 170,000 $1.7M No change
HLXC Helix Acquisition Corp. Class A 0.20% 170,500 $1.7M New
KBON Karbon Capital Partners Class A 0.19% 169,084 $1.7M Add +15.7%
WLIIU Willow Lane Acquisition Corp. 0.19% 166,765 $1.7M New
GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I 0.19% 161,657 $1.6M Reduce -57.9%
PTOR Praetorian Acquisition Cor-A 0.19% 167,362 $1.6M New
APAC Stonebridge Acquisition Class A 0.18% 160,000 $1.6M No change
LFAC Leapfrog Acquisition Class A 0.18% 161,206 $1.6M Add +3.1%
BPAC Blueport Acquisition LT Class A 0.18% 159,322 $1.6M No change
NWAX New America Acquisition Class A 0.18% 154,822 $1.5M Add +416.1%
QUMS Quantumsphere Acquisition Co. 0.17% 150,000 $1.5M No change
KTWO K2 Capital Acquisition Class A filed as K2 CAP ACQUISITION CORP 0.17% 150,000 $1.5M New
PALOU Paloma Acquisition Corp. I 0.16% 142,812 $1.4M New
MGNI Magnite Inc. 0.15% 112,400 $1.3M Add +28.6%
ARTC Art Technology Acquisit Class A 0.15% 134,252 $1.3M New
SSEA Starry Sea Acquisition Corp. 0.15% 128,372 $1.3M No change
SAAQ Space Asset Acquisition Class A 0.15% 129,508 $1.3M New
FIVN FIVE9 Inc. 0.15% 85,000 $1.3M No change
ALIS Calisa Acquisition Corp. 0.14% 125,000 $1.3M No change
IPEX Inflection Point Acquisition 0.13% 112,061 $1.2M No change
TDOC Teladoc Health Inc. 0.12% 201,300 $1.1M No change
TAVI Tavia Acquisition Corp. 0.12% 101,709 $1.1M No change
LCCC Lakeshore Acquisition III Co. 0.12% 100,052 $1.0M No change
WTG Wintergreen Acquisition Corp. 0.12% 99,016 $1.0M No change
IPFXU Inflection Point Acquisition 0.11% 100,000 $1.0M New
NBRGU Newbridge Acquisition Ltd. 0.11% 100,000 $1.0M New
GLED.U Galaxyedge Acquisition Corp. 0.11% 100,000 $1000K New
WSTN Westin Acquisition Corp. Class A 0.11% 100,000 $999K No change
SCII SC II Acquisition Corp. Class A 0.11% 100,000 $997K No change
DYNC Dynamix Corp. 0.11% 91,192 $955K No change
VRRM Verra Mobility Corp. 0.10% 59,000 $843K Add +96.7%
CHAR Charlton Aria Acquisiti Class A 0.09% 75,151 $795K No change
SSAC Spacsphere Acquisition Class A 0.08% 75,000 $743K New
RFAM RF Acquisition Corp. III 0.08% 75,293 $737K New
TONT Graf Global Corp. Class A 0.08% 68,729 $736K Add +0.0%
SORN Soren Acquisition Corp. Class A 0.07% 64,517 $637K New
LPAA Launch One Acquisition Corp. 0.07% 55,905 $599K No change
PAACU Proem Acquisition Corp. I 0.06% 55,410 $554K New
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.06% 51,523 $553K No change
CEPS Cantor Equity Partners Vi -A 0.06% 50,028 $505K New
BHAVU Bhav Acquisition Corp. 0.06% 50,000 $499K New
SPKLF Spark I Acquisition Corp. 0.05% 39,488 $448K No change
NOEM CO2 Energy Transition Corp. 0.04% 30,291 $314K No change
GDDY GoDaddy Inc. Class A 0.03% 3,700 $306K New
XFLH XFLH Capital Corp. 0.03% 29,216 $288K New
QSEA Quartzsea Acquisition Corp. 0.03% 26,553 $275K No change
RANG Range Capital Acquisition Co. 0.03% 24,735 $260K No change
CCXI Churchill Capital Corp. Class A 0.03% 23,400 $238K Add +4.0%
CEPO Cantor Equity Partners I-A 0.02% 12,976 $136K No change
ORIQ Origin Investment Corp. I 0.01% 10,232 $104K No change
HPAI Helport AI Ltd. 0.00% 10,514 $16K No change
Other holdings (174): bonds, preferreds, convertibles and warrants · $449.6M (not counted above)
SecurityClassShares / PrincipalValueChange
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 115,750,000$110.4MNo change
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 56,258,000$55.8MNew
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 49,639,000$44.2MNo change
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal 43,506,000$37.7MAdd +102.3%
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 38,000,000$33.9MNo change
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 26,000,000$23.9MNo change
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal 21,400,000$20.0MNo change
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 22,304,000$19.9MReduce -60.1%
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 17,181,000$16.7MNo change
CALLAWAY GOLF CO (CALY 2.75 05/01/26) NOTE 2.750% 5/0 · principal 14,500,000$14.5MReduce -81.3%
TRIPADVISOR INC (TRIP 0.25 04/01/26) NOTE 0.250% 4/0 · principal 8,250,000$8.2MNew
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 7,302,000$7.0MNo change
ETSY INC (ETSY 0.125 09/01/27) NOTE 0.125% 9/0 · principal 7,025,000$6.5MAdd +74.5%
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal 5,000,000$5.9MNo change
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 6,000,000$5.6MNo change
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal 5,000,000$4.9MNew
DATADOG INC (DDOG 0 12/01/29) NOTE 12/0 · principal 5,000,000$4.8MNew
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 5,000,000$4.7MNo change
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal 5,000,000$4.7MNo change
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 5,000,000$4.1MNo change
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) NOTE 2.750% 5/1 · principal 4,000,000$4.0MNew
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 4,380,000$4.0MReduce -75.7%
DBCAW D. Boral Acquisition I Corp. *W EXP 01/30/203 638,164$187KNew
GIWWR GIGCAPITAL8 Corp.-RTS RIGHT 09/30/2030 550,000$151KNo change
EVOXW Evolution Global Acquisition *W EXP 10/22/203 382,993$142KAdd +6.2%
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 300,000$138KNo change
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 143,515$138KNew
HCACR Hall Chadwick Acquisi-Rights RIGHT 11/20/2030 550,000$127KNo change
GSRFR GSR IV Acquisition Corp.-RTS RIGHT 08/22/2030 57,709$126KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 207,006$122KReduce -13.8%
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 371,399$120KNo change
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 500,000$115KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 503,394$101KNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 100,000$99KNew
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 536,883$94KNo change
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 374,886$94KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 551,079$94KNo change
IGACR Invest Green Acquisition-RTS RIGHT 11/17/2030 550,000$94KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 196,799$92KReduce -0.1%
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 250,000$91KNo change
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 176,747$90KNo change
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 544,782$90KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 164,515$89KNo change
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 507,270$89KAdd +1.4%
TWLVR Twelve Seas Investment Co. II RIGHT 11/21/2030 500,000$85KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 120,000$85KReduce -11.3%
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 250,000$84KNew
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 123,600$83KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 266,665$83KNo change
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 140,641$82KNew
IRHOR Iron Horse Acquisiti- Rights RIGHT 07/11/2030 604,519$82KAdd +0.1%
BIXIW Bitcoin Infrastructure Acqui *W EXP 11/06/203 278,039$81KNo change
ALUB.WS Alussa Energy Acquisition-30 *W EXP 99/99/999 224,999$81KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 265,616$81KNo change
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 191,665$80KNo change
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 329,218$79KNo change
GIXXR GIGCAPITAL9 Corp.-RTS RIGHT 12/01/2030 362,114$78KNew
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 266,099$77KNo change
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 275,000$76KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 377,295$75KNo change
MESHW Meshflow Acquisition Corp. *W EXP 11/20/203 249,800$75KAdd +0.1%
ALOVW Aldabra 4 Liquidity Opportun *W EXP 12/23/203 249,999$75KNew
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 375,000$73KNo change
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 211,665$72KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 250,059$71KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 408,802$70KNo change
SVIVW Spring Valley Acquisition Co. *W EXP 01/22/203 91,248$69KNew
HAVAR Harvard Ave Acquisition RIGHT 99/99/9999 550,000$69KNo change
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 298,983$69KNo change
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 275,000$69KNew
EMISR Emmis Acquisition Corp. RIGHT 09/12/2030 487,217$68KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 178,346$68KNo change
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 191,665$66KNo change
GPACW General Purpose Acquisition *W EXP 12/03/203 275,000$66KNo change
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 421,511$65KNo change
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 250,000$63KNo change
SCPQW Social Commerce Partner - 30 *W EXP 02/13/203 199,929$62KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 325,790$62KNo change
HCICR Hennessy Capital Investm-RTS RIGHT 02/02/2031 350,000$61KNew
ADACW American Dr Acq A -30 *W EXP 02/06/203 199,998$61KNo change
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 191,665$60KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 180,299$60KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 339,951$60KNo change
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 210,324$59KNo change
DNMXW Dynamix Corp. III *W EXP 10/10/203 189,329$56KAdd +16.9%
ITHAW Ithax Acquisition Corp. III *W EXP 11/17/203 262,943$56KNo change
AACIW Armada Acquisition Corp. III *W EXP 02/13/203 212,929$54KNew
CLBR.WS Colombier Acquisition - 31 *W EXP 12/31/203 64,437$52KNew
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 250,000$51KNo change
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 249,999$51KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 360,850$51KNo change
CRACR Crown Reserve Acquisitio-RTS RIGHT 10/06/2030 350,000$49KNo change
DYORW Insight Digital Partners II *W EXP 10/28/203 160,149$49KNo change
ALISR Calisa Acquisition Corp. RIGHT 09/11/2030 84,712$49KReduce -32.2%
AEAQW Activate Energy Acquisition *W EXP 11/10/203 157,825$48KNo change
CAQUW Cambridge Acquisition Corp. *W EXP 01/30/203 183,332$48KNew
AI INFRASTRUCTURE ACQUISITIO RIGHT 99/99/9999 200,000$47KNo change
WHITE PEARL ACQUISITION CORP RIGHT 09/10/2030 200,000$46KNew
VNMEW Vendome Acquisition Corp. I *W EXP 07/03/202 187,500$46KNo change
MUZEW Muzero Acquisition - 30 *W EXP 01/30/203 200,200$45KNew
FGIIW FG Imperii Acquisition Corp. *W EXP 10/14/203 250,000$44KNew
ARCIW Archimedes Tech Spac Partner *W EXP 01/23/203 81,342$44KNew
LPCVW Launchpad Cadenza Acquisitio *W EXP 12/15/203 199,998$43KNo change
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 289,416$42KNo change
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 575,000$40KNo change
MLAAW Mountain Lake Acquisition Co. *W EXP 99/99/999 251,990$40KNew
BIII.WS Black Spade Acquisition III *W EXP 99/99/999 116,665$40KNew
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 113,810$39KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 153,145$39KNo change
BLRKW Bluerock Acquisition Corp. *W EXP 12/12/203 133,475$39KNo change
VHCPW Vine Hill Capital Investment *W EXP 11/25/203 106,190$39KAdd +0.2%
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 350,000$39KNo change
ZKPW Lafayette Digital Acqu - 31 *W EXP 12/23/203 153,750$39KNew
IPXGW Columbus Circle Capital Corp. *W EXP 02/11/203 109,059$38KNew
IRAB.WS Iris Acq Corp. II -31 *W EXP 08/15/203 149,785$37KNew
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 56,300$37KNo change
OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 49,011$36KNew
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 30,000$35KNew
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 116,666$35KNo change
SVAQW Silicon Valley Acquisition C *W EXP 12/08/203 125,000$35KNo change
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 250,000$34KNo change
SAAQW Space Asset Acquisition Corp. *W EXP 03/31/203 43,136$33KNew
YCY.WS Aa Mission Acquisition -31 *W EXP 07/23/203 174,999$33KNo change
QUMSR Quantumsphere Acquisition Co. RIGHT 08/06/2030 150,000$33KNo change
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 178,780$32KNew
XSLLW Xsolla Spac 1 *W EXP 01/12/203 167,092$32KNew
BPACR Blueport Acquisition Ltd. R RIGHT 02/13/2027 159,322$31KNo change
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 47,082$31KAdd +0.2%
KTWOR K2 Capital Acquisition C-RTS RIGHT 07/30/2027 150,000$30KNew
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 114,949$30KNo change
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 149,999$29KNo change
GTERR Globa Terra Acquisition-RTS RIGHT 06/17/2030 250,000$29KNo change
LEGO.WS Legato Merger Corp. IV *W EXP 99/99/999 84,689$28KNew
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 125,100$28KNo change
BEBE.WS Tge Value Creative Solutions *W EXP 09/16/203 112,206$27KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 94,521$26KReduce -5.5%
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 200,000$25KNo change
NWAX.WS New America Acquisition I Co. *W EXP 99/99/999 49,249$25KAdd +228.3%
SSEAR Starry Sea Acquisition C-RTS RIGHT 07/07/2030 128,372$25KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 77,981$25KNo change
UAC.WS United Acquisition Corp. I *W EXP 99/99/999 53,947$23KNew
WTGUR Wintergreen Acquisition-RT RIGHT 99/99/9999 130,016$23KNo change
BSAAR Best Spac I Acquisition - RT RIGHT 05/27/2030 170,000$23KNo change
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 157,739$22KNo change
MMTXW Miluna Acquisition Corp. *W EXP 09/29/203 175,000$22KNo change
SCIIR SC II Acquisition Corp.-RT RIGHT 11/26/2030 100,000$22KNo change
GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 187,500$22KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 58,160$20KNew
APACR Stonebridge Acquisition II C RIGHT 09/09/2030 160,000$20KNo change
LFACW Leapfrog Acquisition Corp. *W EXP 11/10/203 78,236$20KNo change
WSTNR Westin Acquisition Corp.-RTS RIGHT 09/17/2030 100,000$19KNo change
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 38,124$18KNo change
PTORW Praetorian Acquisition Corp. *W EXP 01/16/203 54,109$17KNew
KBONW Karbon Capital Partners Corp. *W EXP 12/11/203 36,548$17KNo change
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 148,642$17KReduce -18.3%
DSACW Daedalus Spec Acq -30 *W EXP 11/24/203 40,691$16KAdd +7.6%
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 81,843$15KNo change
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 25,000$15KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 34,430$14KNo change
DMAAR Drugs Made in America Ac-RTS RIGHT 12/09/2029 231,551$13KReduce -28.8%
SSACR Spacsphere Acquisition C-RTS RIGHT 02/06/2031 75,000$13KNew
ARTCW Art Technology Acquisition C *W EXP 12/19/203 30,841$10KNew
IPEXR Inflection Point Acquisition RIGHT 99/99/9999 15,730$9KNew
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 30,432$9KNo change
RFAMR RF Acquisition Corp. III RIGHT 01/28/2031 75,200$9KNew
CRACW Crown Reserve Acquisition Co. *W EXP 10/06/203 175,000$8KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 26,343$7KNo change
SORNW Soren Acquisition Corp. *W EXP 12/19/203 21,505$7KNew
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 14,830$7KNo change
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 30,000$5KNo change
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 13,499$4KNo change
XFLH CAPITAL CORP RIGHT 12/31/2029 29,216$4KNew
SSACW Spacsphere Acquisition - 31 *W EXP 02/06/203 37,499$3KNew
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 13,070$2KNo change

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

Portfolio Sells Q4 2025 → Q1 2026
AAM Aa Mission Acquisition Cor-A Sold out 0.00% −0.80
MRLN Merlin Inc. Sold out 0.00% −0.79
VACH Voyager Acquisition Corp. Sold out 0.00% −0.76
FTW Eqv Ventures Acquisition C-A Sold out 0.00% −0.59
CHAC Crane Harbor Acqu Corp. Class A Sold out 0.00% −0.47
GFUZ General Fusion Group Ltd. Reduce -57.9% 0.19% −0.37
PELI Pelican Acquisition Corp. Sold out 0.00% −0.36
VHCP Vine Hill Capital Inves Class A Reduce -45.5% 0.41% −0.31
BCAR D. Boral Arc Acquisit Class A Reduce -19.9% 0.50% −0.28
CCIX Churchill Capital Corp. Ix Sold out 0.00% −0.23
CXW Corecivic Inc. Sold out 0.00% −0.20
UYSC Uy Scuti Acquisition Corp. Sold out 0.00% −0.18
FAC Factorial Energy Inc. Reduce -0.1% 0.69% −0.18
ONEN One Nuclear Energy Inc. Reduce -0.2% 0.61% −0.16
BACC Blue Acquisition Corp. Class A Reduce -0.4% 0.60% −0.15
FACT Fact II Acquisition Corp. Reduce -0.1% 0.62% −0.15
TVA Texas Ventures Acquisition-A Reduce -7.6% 0.38% −0.15
PCRX Pacira Biosciences Inc. Sold out 0.00% −0.15
HAYMAKER ACQUISITION CORP 4 Sold out 0.00% −0.12
DXCM Dexcom Inc. Sold out 0.00% −0.12
RAAQ Real Asset Acquisiti Class A Reduce -0.2% 0.46% −0.10
COLA Columbus Acquisition Corp. Sold out 0.00% −0.06
CAPN Cayson Acquisition Corp. Sold out 0.00% −0.04
CEPT Cantor Equity Partners Class A Sold out 0.00% −0.03
HSPT Horizon Space Acquisition II Sold out 0.00% −0.02

Portfolio Buys Q4 2025 → Q1 2026
DBCA D. Boral Acquisition I Class A New 1.42% +1.42
ALOV Aldabra 4 Liquidity Opp Class A New 0.84% +0.84
CTAAU Clearthink 1 Acquisition Cor New 0.69% +0.69
ZKP Lafayette Digital Acquisitio New 0.69% +0.69
TRGSU TRG Latin America Acquisitio New 0.67% +0.67
XCBE X3 Acquisition Corp. Ltd. Class A New 0.64% +0.64
KRAQ Krakacquisition Corp. Class A New 0.63% +0.63
GIX GIGCAPITAL9 Corp. Class A New 0.62% +0.62
CAQ Cambridge Acquisition Corp. Class A New 0.61% +0.61
CLBR Colombier Acq III Class A New 0.59% +0.59
ILLUU Illumination Acquisition Cor New 0.56% +0.56
FGII FG Imperii Acquisition Class A New 0.56% +0.56
MEVO M Evo Global Acquisitio Class A New 0.56% +0.56
BBCQ Bleichroeder Acquis II Class A New 0.50% +0.50
KCAC.U Kensington Capital Acquisiti New 0.49% +0.49
AACI Armada Acq Corp. III-A New 0.47% +0.47
ARCI Archimedes Tech Spac Partner New 0.46% +0.46
KPET.U Kpet Ultra Paceline Corp. New 0.45% +0.45
MLAA Mountain Lake Acquisiti Class A New 0.45% +0.45
MUZE Muzero Acquisition Corp. Class A New 0.45% +0.45
SVIV Spring Valley Acquisitio-A New 0.42% +0.42
IACOU Idea Acquisition Corp. New 0.41% +0.41
BIII Black Spade Acquisition Class A New 0.39% +0.39
HCIC Hennessy Capital Invest-A New 0.39% +0.39
IPXG Inflection Point Acquisition New 0.38% +0.38
XSLL Xsolla Spac 1 Class A New 0.37% +0.37
HACQU HCM IV Acquisition Corp. New 0.37% +0.37
AACOU Abony Acquisition Corp. I New 0.37% +0.37
MZYX.U Mozayyx Acquisition Corp. New 0.37% +0.37
LEGO Legato Merger Corp. IV New 0.34% +0.34
FVAV Fortress Value Acquis V Class A New 0.34% +0.34
IRAB Iris Acquisition Corp. I Class A New 0.33% +0.33
OIM Oneim Acquisition Class-A New 0.33% +0.33
SUMAU Suma Acquisition Corp. New 0.31% +0.31
ACAAU Averin Capital Acquisition C New 0.31% +0.31
BWIV.U Blue Water Acquisition Corp. New 0.31% +0.31
TMTSU Spartacus Acqu Corp. II New 0.28% +0.28
FMACU Future Money Acquisition Cor New 0.28% +0.28
PONOU Pono Capital Four Inc. New 0.27% +0.27
ONCH 1RT Acquisition Corp. Class A Add +176.7% 0.44% +0.24
UAC United Acquisition Corp. I-A New 0.24% +0.24
IEAG Infinite Eagle Class-A New 0.23% +0.23
MTAL.U Metals Acquisition Corp. II New 0.23% +0.23
WPAC White Pearl Acquisition Co. Class A New 0.22% +0.22
QADRU Qdro Acquisition Corp. New 0.20% +0.20
HLXC Helix Acquisition Corp. Class A New 0.20% +0.20
WLIIU Willow Lane Acquisition Corp. New 0.19% +0.19
PTOR Praetorian Acquisition Cor-A New 0.19% +0.19
KTWO K2 Capital Acquisition Class A New 0.17% +0.17
PALOU Paloma Acquisition Corp. I New 0.16% +0.16

Notes & Other Activity Q4 2025 → Q1 2026
ENPHASE ENERGY INC (ENPH 0 03/01/26) NOTE 3/0 · principal Sold out 149,750,000 $148.1Mbefore exit
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal Sold out 113,786,000 $113.4Mbefore exit
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal Sold out 81,222,000 $80.2Mbefore exit
MAGNITE INC (MGNI 0.25 03/15/26) NOTE 0.250% 3/1 · principal Sold out 76,767,000 $75.8Mbefore exit
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal Sold out 75,188,000 $74.1Mbefore exit
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal Sold out 57,420,000 $57.3Mbefore exit
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal New 56,258,000 $55.8M
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal Sold out 48,716,000 $48.6Mbefore exit
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal Add +102.3% 43,506,000 $37.7M
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal Sold out 33,692,000 $33.7Mbefore exit
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal Reduce -60.1% 22,304,000 $19.9M
CALLAWAY GOLF CO (CALY 2.75 05/01/26) NOTE 2.750% 5/0 · principal Reduce -81.3% 14,500,000 $14.5M
FUBOTV INC (FUBO 3.25 02/15/26) NOTE 3.250% 2/1 · principal Sold out 11,737,000 $11.7Mbefore exit
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Sold out 10,692,000 $10.6Mbefore exit
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal Sold out 9,000,000 $8.6Mbefore exit
TRIPADVISOR INC (TRIP 0.25 04/01/26) NOTE 0.250% 4/0 · principal New 8,250,000 $8.2M
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Sold out 7,964,000 $7.9Mbefore exit
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal Sold out 6,949,000 $6.9Mbefore exit
ETSY INC (ETSY 0.125 09/01/27) NOTE 0.125% 9/0 · principal Add +74.5% 7,025,000 $6.5M
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal New 5,000,000 $4.9M
DATADOG INC (DDOG 0 12/01/29) NOTE 12/0 · principal New 5,000,000 $4.8M
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) NOTE 2.750% 5/1 · principal New 4,000,000 $4.0M
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal Reduce -75.7% 4,380,000 $4.0M
DBCAW D. Boral Acquisition I Corp. *W EXP 01/30/203 New 638,164 $187K
EVOXW Evolution Global Acquisition *W EXP 10/22/203 Add +6.2% 382,993 $142K
BBCQW Bleichroeder Acquisition Cor *W EXP 12/23/203 New 143,515 $138K
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 Reduce -13.8% 207,006 $122K
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal New 100,000 $99K
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 Reduce -0.1% 196,799 $92K
CRANR Crane Harbor Acquisition-RTS RIGHT 12/09/2030 Add +1.4% 507,270 $89K
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 Reduce -11.3% 120,000 $85K
MEVOW M Evo Global Acq -31 *W EXP 02/18/203 New 250,000 $84K
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 New 140,641 $82K
IRHOR Iron Horse Acquisiti- Rights RIGHT 07/11/2030 Add +0.1% 604,519 $82K
GIXXR GIGCAPITAL9 Corp.-RTS RIGHT 12/01/2030 New 362,114 $78K
MESHW Meshflow Acquisition Corp. *W EXP 11/20/203 Add +0.1% 249,800 $75K
ALOVW Aldabra 4 Liquidity Opportun *W EXP 12/23/203 New 249,999 $75K
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 Sold out 118,322 $75Kbefore exit
SVIVW Spring Valley Acquisition Co. *W EXP 01/22/203 New 91,248 $69K
XCBEW X3 Acquisition Corp. Ltd. *W EXP 12/19/203 New 275,000 $69K
BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 Sold out 177,673 $65Kbefore exit
PELIR Pelican Acquisition Corp.-RTS RIGHT 05/02/2030 Sold out 251,272 $63Kbefore exit
HCICR Hennessy Capital Investm-RTS RIGHT 02/02/2031 New 350,000 $61K
DNMXW Dynamix Corp. III *W EXP 10/10/203 Add +16.9% 189,329 $56K
AACIW Armada Acquisition Corp. III *W EXP 02/13/203 New 212,929 $54K
CLBR.WS Colombier Acquisition - 31 *W EXP 12/31/203 New 64,437 $52K
ALISR Calisa Acquisition Corp. RIGHT 09/11/2030 Reduce -32.2% 84,712 $49K
CAQUW Cambridge Acquisition Corp. *W EXP 01/30/203 New 183,332 $48K
WHITE PEARL ACQUISITION CORP RIGHT 09/10/2030 New 200,000 $46K
MUZEW Muzero Acquisition - 30 *W EXP 01/30/203 New 200,200 $45K

Showing the first 50 of 82.

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