Rivernorth Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Rivernorth Capital Management, LLC reported 205 stock positions worth $1.9 billion. Its top holding was Nuveen Quality Municipal (NAD) at 3.9% of the portfolio, followed by Nuveen Municipal Value (NUV, 3.6%) and Nuveen Amt-FR Muni CRDT (NVG, 2.9%). Compared with Q4 2024, it opened 31 new positions, sold out of 51, added to 44 and reduced 63. The biggest buy was Nuveen Pa QLTY Muni (XNQPX, shares +864%) and the biggest sale BlackRock Capital Alloc TR (BCAT, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- WEST PALM BEACH, FL
- CIK
- 0001447578
- Portfolio Value
- $1.9B (Q1 2025)
- SEC Filing
- 0001398344-25-009645 ↗ filed May 15, 2025
Holdings Value
Holdings 205 stocks · $1.9B
| NAD Nuveen Quality Municipal Inc. | 3.94% | 6,438,797 | $74.2M | Reduce -22.5% |
| NUV Nuveen Municipal Value | 3.61% | 7,734,691 | $67.8M | Reduce -12.9% |
| NVG Nuveen Amt-FR Muni CRDT | 2.86% | 4,344,737 | $53.8M | Reduce -21.6% |
| MMU Western Asset Managed Munici | 2.62% | 4,796,245 | $49.4M | Reduce -13.1% |
| XMYDX BlackRock Muniyield Fund | 2.54% | 4,536,095 | $47.9M | Reduce -1.1% |
| MHD BlackRock Muniholdings Fund | 2.52% | 4,040,146 | $47.4M | Reduce -2.0% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 2.33% | 3,908,812 | $43.8M | Reduce -28.9% |
| PDX PIMCO Dynamic Income Strat | 2.26% | 1,732,791 | $42.5M | Reduce -12.1% |
| VMO Invesco Municipal Opport | 2.16% | 4,274,605 | $40.6M | Reduce -0.0% |
| BLE BlackRock Muni Inc. TR II | 2.08% | 3,761,585 | $39.1M | Reduce -1.0% |
| BFK BlackRock Municipal Inc. TRST | 1.86% | 3,528,058 | $34.9M | Add +0.6% |
| VKQ Invesco Municipal Trust | 1.78% | 3,474,819 | $33.5M | Reduce -9.4% |
| BTT BlackRock 2030 Muni TRGT TRM | 1.77% | 1,566,174 | $33.2M | Reduce -0.2% |
| MQY BlackRock Muniyield Quality | 1.70% | 2,734,818 | $32.0M | Reduce -1.0% |
| BMEZ BlackRock HLTH Sci TRM TR II | 1.61% | 2,036,349 | $30.3M | Add +4.9% |
| NZF Nuveen Municipal Credit Inc. | 1.51% | 2,315,534 | $28.3M | Reduce -27.0% |
| VGM Invesco Trust for Investmen | 1.39% | 2,632,775 | $26.2M | Reduce -7.3% |
| XMVTX BlackRock Munivest Fund II | 1.31% | 2,327,843 | $24.6M | No change |
| XAODX Abrdn Total Dynamic Dividend | 1.29% | 2,882,462 | $24.2M | Reduce -7.8% |
| BSTZ BlackRock Sci & Tech TRM TR | 1.28% | 1,354,756 | $24.0M | Reduce -5.5% |
| SABA Saba Capital Income & Opp II | 1.27% | 2,748,263 | $23.9M | Add +3.5% |
| XMVFX BlackRock Munivest Fund | 1.22% | 3,269,092 | $22.9M | Reduce -15.2% |
| ECAT BlackRock ESG Cap All TRM TR | 1.15% | 1,367,673 | $21.6M | Reduce -50.1% |
| MUE BlackRock Munihold QLT FD II | 1.12% | 2,108,064 | $21.1M | Reduce -0.1% |
| PFN PIMCO Income Strategy FD II | 1.08% | 2,699,440 | $20.4M | No change |
| ACP Abrdn Income Credit Strat | 1.08% | 3,449,997 | $20.3M | Reduce -24.1% |
| MYI BlackRock Muniyield QLTY III | 1.07% | 1,832,401 | $20.1M | Reduce -8.2% |
| BCAT BlackRock Capital Alloc TR | 1.07% | 1,393,325 | $20.1M | Reduce -56.1% |
| DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC | 1.00% | 2,614,908 | $18.8M | Add +7.0% |
| BRW Saba Capital Income & Opport | 0.99% | 2,404,274 | $18.7M | Reduce -14.3% |
| XMIOX Pioneer Muni High Inc. Opp | 0.99% | 1,575,851 | $18.6M | Add +10.1% |
| XMHIX Pioneer Muni High Inc. TR | 0.93% | 1,897,129 | $17.5M | Add +15.6% |
| WIW Western Asst Infl-LNK Opp | 0.92% | 1,967,769 | $17.3M | Reduce -3.8% |
| PHK PIMCO High Income Fund | 0.90% | 3,466,841 | $17.0M | Reduce -29.0% |
| FTHY First Trust Hi YLD Opp 2027 | 0.83% | 1,085,915 | $15.7M | Add +18.2% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.82% | 1,379,388 | $15.5M | Reduce -42.7% |
| GLO Clough Global Opportunities | 0.81% | 3,112,150 | $15.2M | Add +26.6% |
| MUC BlackRock Munihold Ca QLTY | 0.81% | 1,420,247 | $15.2M | Reduce -48.8% |
| PML PIMCO Municipal Income FD II | 0.77% | 1,779,602 | $14.4M | Add +20.9% |
| LEO BNY Mellon Strategic Muni | 0.75% | 2,293,542 | $14.0M | Reduce -2.2% |
| XMQTX BlackRock Muniyield QLTY II | 0.73% | 1,380,360 | $13.8M | Add +2.5% |
| XPMQX PIMCO Muni Income Fund III | 0.73% | 1,910,192 | $13.7M | Add +71.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.71% | 253,536 | $13.3M | Add +74.9% |
| XPMAX Pioneer Municipal High Inc. | 0.66% | 1,489,569 | $12.4M | Add +4.0% |
| AFB Allianceberstein NTL Muni | 0.63% | 1,091,414 | $11.9M | Reduce -8.8% |
| BTX BlackRock Tech & Priv Eqty | 0.60% | 1,803,435 | $11.3M | Add +85.3% |
| IQI Invesco Quality Muni Inc. TR | 0.60% | 1,165,816 | $11.3M | Reduce -20.9% |
| TONT Graf Global Corp. Class A | 0.60% | 1,100,000 | $11.3M | No change |
| XBKNX BlackRock Invest QLTY Muni | 0.60% | 976,750 | $11.2M | Add +2.4% |
| PFL PIMCO Income Strategy Fund | 0.58% | 1,275,940 | $11.0M | No change |
| SDHY Pgim SHRT Durat Hi YLD | 0.57% | 649,178 | $10.7M | Reduce -9.0% |
| SBI Western Asset Intermediate | 0.51% | 1,223,607 | $9.5M | Reduce -20.7% |
| BCX BlackRock Resources & Commod | 0.51% | 1,021,566 | $9.5M | Reduce -11.3% |
| XGLQX Clough Global Equity Fund | 0.49% | 1,465,302 | $9.2M | Add +34.5% |
| DMB BNY Mellon Muni BND Infra | 0.49% | 865,594 | $9.1M | Add +20.0% |
| CPZ Calamos LNG/SHRT Eqty & DYN | 0.48% | 578,930 | $9.0M | Reduce -0.8% |
| MYN BlackRock Muniyield NY QLTY | 0.48% | 901,809 | $9.0M | Reduce -1.5% |
| BYM BlackRock Muni Inc. QLTY | 0.47% | 820,515 | $8.8M | Add +7.7% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.47% | 1,515,874 | $8.7M | Reduce -1.3% |
| LEGT Legato Merger Corp. III | 0.44% | 784,752 | $8.2M | No change |
| NBH Neuberger Municipal Fund Inc. | 0.44% | 790,858 | $8.2M | Reduce -8.7% |
| MHN BlackRock Muniholding NY QLT | 0.40% | 744,895 | $7.6M | Reduce -30.4% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.39% | 653,641 | $7.3M | Add +863.9% |
| EIM Eaton Vance Municipal Bond | 0.39% | 735,044 | $7.3M | Reduce -24.4% |
| VKI Invesco Adv Muni Inc. TR II | 0.37% | 809,034 | $6.9M | Reduce -37.3% |
| XPCKX PIMCO California Municipa II | 0.36% | 1,211,000 | $6.8M | Add +14.1% |
| XPCQX PIMCO California Muni Inc. FD | 0.36% | 759,403 | $6.7M | Add +21.3% |
| XCMUX MFS High Yield Municipal TR | 0.36% | 1,914,727 | $6.7M | Add +42.1% |
| XPMFX PIMCO Municipal Income Fund | 0.33% | 711,719 | $6.3M | Add +34.3% |
| FGMCU FG Merger II Corp. | 0.33% | 642,969 | $6.3M | New |
| NUW Nuveen Amt-Free Muni Val | 0.33% | 452,238 | $6.2M | Reduce -11.1% |
| ALDFU Aldel Financial II Inc. | 0.33% | 600,000 | $6.2M | No change |
| XEMDX Western Asset Emrg MRKT DBT | 0.32% | 617,883 | $6.1M | Reduce -11.0% |
| LPBB Launch Two Acquisition Class A | 0.32% | 600,000 | $6.1M | No change |
| HSPTU Horizon Space Acquisition II | 0.32% | 595,000 | $6.1M | No change |
| HCVI Hennessy Capital Invest Class A | 0.32% | 555,000 | $6.0M | No change |
| FSHP Flag Ship Acquisition Corp. | 0.32% | 577,000 | $6.0M | Add +7.1% |
| XEADX Allspring Income Opport | 0.31% | 850,644 | $5.8M | Reduce -30.7% |
| CUB Lionheart Holdings Class A | 0.30% | 545,154 | $5.6M | Add +4.5% |
| XPZCX PIMCO California Muni FD III | 0.29% | 845,437 | $5.5M | Add +20.7% |
| ASPCU A Spac III Acquisition Corp. | 0.29% | 540,000 | $5.5M | No change |
| VCIC Vine Hill Capital Class A | 0.29% | 528,394 | $5.4M | No change |
| POLE Andretti Acquisition Corp. Class A | 0.28% | 525,332 | $5.3M | No change |
| UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP | 0.28% | 494,256 | $5.2M | Reduce -2.7% |
| SVCCU Stellar V Capital Corp. | 0.27% | 510,255 | $5.2M | New |
| MLACU Mountain Lake Acquisition Co. | 0.27% | 500,000 | $5.2M | No change |
| GSRTU GSR III Acquisition Corp. | 0.27% | 500,000 | $5.1M | No change |
| KFIIU K&F Growth Acquisition Corp. | 0.27% | 510,000 | $5.1M | New |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 0.27% | 500,000 | $5.1M | No change |
| OCSL Oaktree Specialty Lending Co. | 0.27% | 331,903 | $5.1M | New |
| IFN Aberdeen India Fund Inc. | 0.27% | 321,905 | $5.1M | Reduce -3.9% |
| TDACU Translational Development Ac | 0.27% | 500,000 | $5.1M | No change |
| WLACU Willow Lane Acquisition Corp. | 0.27% | 500,000 | $5.1M | No change |
| FTW Eqv Ventures Acquisition C-A | 0.27% | 499,995 | $5.1M | No change |
| QSEAU Quartzsea Acquisition Corp. | 0.27% | 500,000 | $5.0M | New |
| NTWOU Newbury Street II Acquisitio | 0.27% | 500,000 | $5.0M | No change |
| RDAC Rising Dragon Acquisition Co. | 0.27% | 495,000 | $5.0M | No change |
| LOKVU Live Oak Acquisition Corp. V | 0.27% | 500,000 | $5.0M | New |
| FACTU Fact II Acquisition Corp. | 0.27% | 500,000 | $5.0M | No change |
| NHICU Newhold Investment Corp. III | 0.27% | 500,000 | $5.0M | New |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 0.27% | 500,000 | $5.0M | No change |
| DYNC Dynamix Corp. | 0.26% | 500,000 | $5.0M | No change |
| PGACU Pantages Capital Acquisition filed as AIFEEX NEXUS ACQUISITION COR | 0.24% | 450,000 | $4.6M | No change |
| CAPN Cayson Acquisition Corp. | 0.24% | 450,000 | $4.6M | No change |
| LPAA Launch One Acquisition Corp. | 0.24% | 448,642 | $4.6M | Add +22.2% |
| YHNA YHN Acquisition I Ltd. | 0.24% | 445,000 | $4.5M | No change |
| ATIIU Archimedes Tech Spac Partner | 0.24% | 450,000 | $4.5M | New |
| GSHRU Gesher Acquisition Corp. II | 0.24% | 450,000 | $4.5M | New |
| MIY BlackRock Muniyield Mi QLTY | 0.24% | 389,517 | $4.4M | Reduce -3.7% |
| GPAT GP-Act III Acquisition-A | 0.23% | 421,842 | $4.3M | No change |
| NOEMU CO2 Energy Transition Corp. | 0.23% | 428,479 | $4.3M | No change |
| DMAAU Drugs Made in America Acquis | 0.23% | 420,498 | $4.3M | New |
| VACH Voyager Acquisition Corp. | 0.23% | 420,000 | $4.3M | No change |
| NMCO Nuveen Municipal Credit Opp | 0.23% | 397,642 | $4.3M | Reduce -54.5% |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.22% | 400,000 | $4.2M | No change |
| DYCQ DT Cloud Acquisition Corp. | 0.22% | 400,000 | $4.2M | No change |
| COLOMBIER ACQUISITION CORP | 0.22% | 387,294 | $4.1M | No change |
| RIBBU Ribbon Acquisition Corp. | 0.22% | 400,000 | $4.1M | New |
| JACS.U Jackson Acquisition Co. II | 0.22% | 400,000 | $4.1M | No change |
| RANGU Range Capital Acquisition Co. | 0.22% | 399,765 | $4.1M | No change |
| SIMA Sim Acquisition Corp. I-A | 0.22% | 401,902 | $4.1M | No change |
| ALF Centurion Acquisition Corp. | 0.22% | 400,000 | $4.1M | No change |
| DRDBU Roman DBDR Acquisition Corp. | 0.22% | 400,000 | $4.1M | No change |
| CXH MFS Investment Grade Muni | 0.22% | 512,860 | $4.1M | Add +19.6% |
| HVIIU Hennessy Capital Investment | 0.21% | 400,000 | $4.0M | New |
| FERAU Fifth Era Acquisition Corp. I | 0.21% | 400,000 | $4.0M | New |
| FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR | 0.21% | 381,540 | $3.9M | Add +15.1% |
| PLMKU Plum Acquisition Corp. IV | 0.20% | 370,437 | $3.7M | New |
| ARES ACQUISITION CORP II | 0.20% | 333,769 | $3.7M | No change |
| FVN Future Vision II Acquisition | 0.19% | 350,000 | $3.6M | Add +11.1% |
| CXE MFS High Income Municipal TR | 0.19% | 944,613 | $3.5M | No change |
| AEF Abrdn Emerging Markets Ex CH | 0.18% | 691,164 | $3.4M | Add +24.6% |
| XBNYX BlackRock New York Muni Inc. | 0.18% | 333,170 | $3.4M | No change |
| MFM Aberdeen Municipal Income | 0.17% | 620,908 | $3.3M | Add +562.5% |
| CEP Cantor Equity Partners Inc. | 0.17% | 305,949 | $3.3M | No change |
| BSL Blackstone SNR Fltng RT | 0.17% | 228,455 | $3.2M | Reduce -17.2% |
| BKHA Black Hawk Acquisition Cor-A | 0.17% | 301,040 | $3.2M | Reduce -4.4% |
| IHD Voya Emrg MRKT Hi DVD Eqty | 0.16% | 575,000 | $3.1M | No change |
| MACI Melar Acquisition Corp. I-A | 0.16% | 299,998 | $3.1M | No change |
| SBXDF Silverbox Corp. IV-A | 0.16% | 299,997 | $3.1M | No change |
| COLAU Columbus Acquisition Corp. | 0.16% | 300,000 | $3.0M | New |
| AACBU Artius II Acquisition Inc. | 0.16% | 300,000 | $3.0M | New |
| CHAR Charlton Aria Acquisiti Class A | 0.16% | 300,000 | $3.0M | No change |
| GLV Clough Global Dividend & Inc. | 0.16% | 544,453 | $3.0M | Reduce -6.0% |
| DTSQ DT Cloud Star Acquisition Co. | 0.16% | 290,000 | $3.0M | Add +31.8% |
| PNI PIMCO NY Muni Inc. II FND | 0.16% | 412,590 | $2.9M | Add +72.2% |
| XBTAX BlackRock LNG-TRM Muni Adv | 0.15% | 295,134 | $2.9M | New |
| XPGPX PIMCO GLBL Stockspl & Inc. | 0.15% | 352,351 | $2.9M | Reduce -2.3% |
| YOTA Yotta Acquisition Corp. | 0.15% | 248,680 | $2.8M | No change |
| TAVIU Tavia Acquisition Corp. | 0.14% | 262,528 | $2.7M | No change |
| CEPO Cantor Equity Partners I-A | 0.14% | 250,000 | $2.6M | New |
| JVSA Jvspac Acquisition Corp. Class A | 0.14% | 239,218 | $2.6M | Reduce -3.1% |
| MAYWOOD ACQUISITION CORP | 0.14% | 250,000 | $2.5M | New |
| UYSCU Uy Scuti Acquisition Corp. | 0.13% | 250,000 | $2.5M | New |
| PMO Franklin Muncipl Opps Tst-Ui | 0.13% | 245,696 | $2.5M | Reduce -6.4% |
| CHEB Chenghe Acquisition II Co. | 0.13% | 236,700 | $2.4M | No change |
| XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER BERMAN REAL ESTATE | 0.13% | 735,022 | $2.4M | New |
| NCV Virtus Convertible & Income | 0.13% | 184,971 | $2.4M | Add +40.7% |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.13% | 236,019 | $2.4M | Add +15.1% |
| MUA BlackRock Muniassets Fund | 0.12% | 215,445 | $2.3M | Add +1449.4% |
| EURK Eureka Acquisition Corp. | 0.12% | 225,000 | $2.3M | No change |
| WELSBACH TECH METALS ACQU CO | 0.12% | 200,000 | $2.3M | No change |
| PFO Flaherty & Crumrine P&I Opp | 0.12% | 243,417 | $2.2M | Add +26.7% |
| OIA Invesco Municipal Income Opp | 0.12% | 365,136 | $2.2M | New |
| JHI John Hancock Investors TR | 0.11% | 155,575 | $2.1M | Reduce -16.5% |
| AAM Aa Mission Acquisition Cor-A | 0.11% | 200,000 | $2.1M | No change |
| NNY Nuveen New York Muni Val | 0.11% | 251,888 | $2.1M | Reduce -4.7% |
| HQL Abrdn Life Sciences Investor | 0.11% | 162,683 | $2.1M | Add +308.6% |
| VPV Invesco Pa Val Muni Inc. | 0.11% | 197,825 | $2.0M | Add +12.8% |
| WINV Winvest Acquisition Corp. | 0.10% | 150,000 | $1.9M | No change |
| TBMC Trailblazer Merger Corp. I | 0.10% | 161,088 | $1.8M | No change |
| NRK Nuveen NY Amt-FR Muni Inc. | 0.10% | 174,922 | $1.8M | No change |
| GBBK Global Blockchain Acquisitio | 0.09% | 152,462 | $1.7M | No change |
| BSII Black Spade Acquisition II C | 0.09% | 170,523 | $1.7M | No change |
| SPE Special Opportunities Fund | 0.08% | 103,488 | $1.6M | Reduce -48.8% |
| IBAC Ib Acquisition Corp. | 0.08% | 142,964 | $1.5M | No change |
| NDMO Nuveen Dynamic Municipal Opp | 0.08% | 139,862 | $1.4M | Reduce -73.5% |
| GDST Goldenstone Acquisition Ltd. | 0.07% | 119,167 | $1.4M | No change |
| DTF DTF Tax-Free Income 2028 Ter | 0.07% | 116,351 | $1.3M | Reduce -46.0% |
| NETD Nabors Energy Transition C-A | 0.07% | 118,992 | $1.3M | No change |
| PXH Inves Rafi Emer MRKT-Usd Inc. | 0.06% | 55,600 | $1.2M | No change |
| HYI Western Asset High Yield Opp | 0.06% | 98,577 | $1.2M | New |
| MXE Mexico Equity and Income FD | 0.06% | 132,187 | $1.2M | New |
| PYN PIMCO New York Muni FND III | 0.06% | 199,844 | $1.1M | Add +343.1% |
| VFL Abrdn National Municipal Inc. | 0.05% | 100,181 | $1.0M | No change |
| XHNWX Pioneer Diversified High | 0.05% | 83,499 | $997K | New |
| RFAI RF Acquisition Corp. II | 0.05% | 93,513 | $970K | No change |
| SPKLF Spark I Acquisition Corp. | 0.05% | 89,186 | $959K | No change |
| XCHYX Calamos Convert & High Inc. | 0.05% | 94,353 | $953K | New |
| FORL Four Leaf Acquisition Cor-A | 0.05% | 81,934 | $927K | No change |
| PMM Franklin Managed Municipal I | 0.05% | 149,544 | $917K | Add +13.8% |
| FLC Flaherty & Crumrine TTL RTRN | 0.05% | 52,726 | $885K | Add +4.8% |
| FGB First Trust Special Financ | 0.04% | 177,521 | $763K | Reduce -32.3% |
| RAC.U Rithm Acquisition Corp. | 0.04% | 75,000 | $758K | New |
| KIO KKR Income Opportunities | 0.04% | 60,042 | $738K | New |
| PFD Flaherty & Crumrin Pre&inc F | 0.04% | 65,467 | $735K | New |
| VTN Invesco TR for Invest GRD NY | 0.04% | 68,254 | $713K | Reduce -74.2% |
| XPNFX PIMCO New York Muni Inc. FD | 0.04% | 90,447 | $677K | New |
| HAYMAKER ACQUISITION CORP 4 | 0.03% | 53,552 | $589K | No change |
| XBFZX BlackRock Ca Muni Inc. TR | 0.03% | 50,601 | $556K | No change |
| SWZ Total Return Securities Fund | 0.02% | 44,833 | $413K | New |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.02% | 21,615 | $344K | Reduce -69.5% |
| XNXNX Nuveen NY Sel Tax-FR Inc. | 0.02% | 24,737 | $292K | Add +29.2% |
| TBLD Thornburg Income Builder Opp | 0.01% | 13,620 | $244K | No change |
| DTSQU DT Cloud Star Acquisition Co. | 0.01% | 10,000 | $100K | Reduce -87.5% |
Other holdings (155): bonds, preferreds, convertibles and warrants · $3.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 508,133 | $152K | No change |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 200,000 | $138K | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 367,930 | $107K | No change |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | 133,112 | $106K | No change |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 500,000 | $100K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 550,000 | $99K | No change |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 62,997 | $94K | No change |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 400,000 | $92K | No change |
| HUDAR Hudson Acquisition I Corp.-RT | RIGHT 99/99/9999 | 400,000 | $88K | No change |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | 495,000 | $79K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 399,484 | $79K | No change |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 250,000 | $73K | No change |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 577,000 | $72K | Add +7.1% |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 250,000 | $71K | Add +2.0% |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | 99,999 | $70K | No change |
| YOTAR Yotta Acquisition Corp. - RTS | RIGHT 03/15/2027 | 425,000 | $69K | No change |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | 456,085 | $68K | No change |
| BRACR Broad Capital Acquis-Right | RIGHT 01/10/2027 | 350,000 | $67K | No change |
| GLLRF Global Lights Acquisition Co. | RIGHT 99/99/9999 | 296,802 | $65K | No change |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | 318,133 | $65K | Reduce -42.2% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 450,000 | $63K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 300,000 | $63K | No change |
| JVSAR Jvspac Acquisition Corp.-RTS | RIGHT 11/26/2026 | 246,818 | $62K | No change |
| AQUNR Aquaron Acquisition Corp.-RTS | RIGHT 07/15/2026 | 400,000 | $60K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 166,665 | $60K | No change |
| USA RARE EARTH INC | *W EXP 03/13/203 | 88,684 | $59K | New |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 445,000 | $58K | No change |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 142,499 | $57K | No change |
| ATMVR Alphavest Acquisition Co.-RT | RIGHT 01/22/2026 | 250,000 | $56K | No change |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 264,197 | $56K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 300,000 | $54K | No change |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 225,000 | $52K | No change |
| WTMAR Welsbach Tech Metals Acq -RT | RIGHT 12/22/2026 | 322,133 | $48K | No change |
| GATEW Marblegate Acquisition -CW22 | *W EXP 08/31/202 | 299,601 | $48K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 262,666 | $47K | Add +3.3% |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 350,000 | $46K | Add +11.1% |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 290,000 | $45K | Add +31.8% |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 225,599 | $42K | No change |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 172,789 | $39K | No change |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 198,887 | $37K | No change |
| CLRRF Climaterock -RTS | RIGHT 10/31/2028 | 169,230 | $37K | No change |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | 161,088 | $35K | No change |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 99,999 | $35K | No change |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 272,577 | $33K | Add +4.5% |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 224,321 | $33K | Add +22.2% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 210,000 | $32K | No change |
| HSPRF Horizon Space Acquisition-RT | RIGHT 12/27/2024 | 214,357 | $32K | No change |
| ATMCR Alphatime Acquisition-Right | RIGHT 03/01/2028 | 200,000 | $30K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 200,000 | $30K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 200,951 | $26K | No change |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 147,684 | $26K | No change |
| YOTAW Yotta Acquisition Corp. -27 | *W EXP 03/15/202 | 425,000 | $23K | No change |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 236,019 | $23K | Add +15.1% |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 199,036 | $22K | No change |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 | 74,999 | $21K | No change |
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | 175,000 | $21K | No change |
| EUDAW 8I Acquisition 2 Corp. -CW22 | *W EXP 11/22/202 | 175,000 | $21K | No change |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 122,499 | $21K | Reduce -44.9% |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 149,999 | $20K | No change |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | 137,612 | $19K | New |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 74,999 | $19K | No change |
| BUJAR Bukit Jalil Global Acquisiti | RIGHT 12/30/2024 | 71,934 | $19K | No change |
| WINVR Winvest Acquisition Corp.-RTS | RIGHT 99/99/9999 | 150,000 | $18K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 85,043 | $18K | No change |
| GCLWW GCL Global Holdings-A -CW26 | *W EXP 02/13/203 | 350,000 | $18K | New |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | 66,934 | $17K | No change |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | 200,000 | $17K | No change |
| GDSTR Goldenstone Acquisitio-Right | RIGHT 07/15/2026 | 185,000 | $16K | No change |
| MSSRF Metal SKY Star Acquisi-Right | RIGHT 12/31/2025 | 200,000 | $16K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 508,133 | $15K | No change |
| ILLRW Agba Acquisition Ltd. -CW24 | *W EXP 11/14/202 | 136,978 | $15K | New |
| BOWNR Bowen Acquisition Corp.-RTS | RIGHT 99/99/9999 | 56,000 | $14K | Reduce -72.0% |
| NKGNW Graf Acquisition Corp.-CW28 | *W EXP 05/31/202 | 652,432 | $13K | No change |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 146,934 | $13K | No change |
| BSIIW Black Spade Acquisition -30 | *W EXP 02/15/202 | 56,841 | $13K | No change |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 62,900 | $12K | No change |
| BNIXR Bannix Acquisition Corp.-RTS | RIGHT 07/31/2026 | 175,000 | $12K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 50,000 | $12K | New |
| BYNOW Bynordic Acquisition -CW27 | *W EXP 07/01/202 | 742,500 | $11K | No change |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 100,000 | $11K | No change |
| ZOOZW Zooz Strategy Ltd.-29 | *W EXP 04/02/202 | 200,000 | $10K | No change |
| OSRHW Bellevue Life Sciences-WRNT | *W EXP 02/09/202 | 250,000 | $10K | New |
| RMSGW Real Messenger Corp.-28 | *W EXP 11/19/202 | 165,000 | $9K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 150,000 | $9K | No change |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 55,916 | $9K | Reduce -15.2% |
| PETWQ Wag! Group Co. | *W EXP 07/30/202 | 600,000 | $8K | No change |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | 300,000 | $8K | No change |
| GDSTW Goldenstone Acquisitio -CW23 | *W EXP 07/15/202 | 185,000 | $7K | No change |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 100,000 | $7K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 61,935 | $7K | No change |
| ABLVW Able View Global Inc.-28 | *W EXP 08/18/202 | 250,000 | $7K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 100,000 | $7K | No change |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 130,610 | $7K | No change |
| KITTW Cleantech Acquisition Corpcw | *W EXP 03/15/202 | 84,776 | $6K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 48,465 | $6K | No change |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | 154,800 | $6K | No change |
| CHEB.WS Chenghe Acquisition II - 29 | *W EXP 05/30/203 | 125,000 | $6K | No change |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | 199,299 | $6K | New |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 150,000 | $6K | No change |
| GRMLW Anew Medical Inc. | *W EXP 06/21/202 | 275,000 | $6K | No change |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | 158,025 | $5K | No change |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | 87,500 | $5K | No change |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 231,610 | $5K | No change |
| VSEEW Digital Health Acquist-CW23 | *W EXP 99/99/999 | 75,000 | $4K | No change |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | 325,000 | $4K | No change |
| BENFW Beneficient Co. Group -28 | *W EXP 06/07/202 | 562,494 | $4K | No change |
| HSPWF Horizon Space Acquisition-28 | *W EXP 12/27/202 | 214,357 | $4K | No change |
| DFLIW Chardan Nextech Acquisi-CW27 | *W EXP 10/07/202 | 187,500 | $4K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 124,999 | $4K | No change |
| AITRR AI Transportation Acquis-RTS | RIGHT 09/01/2028 | 26,934 | $4K | No change |
| RAINW Rain Enhancement-CW 29 | *W EXP 12/31/202 | 38,535 | $3K | New |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 | 113,187 | $3K | No change |
| ONMDW Data Knights Acq Class A -CW28 | *W EXP 11/07/202 | 147,479 | $3K | No change |
| DFNSW T3 Defense Inc.-CW28 | *W EXP 12/22/202 | 32,042 | $3K | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 128,720 | $3K | No change |
| WINVW Winvest Acquisition -CW23 | *W EXP 08/09/202 | 150,000 | $3K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 81,934 | $3K | No change |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | 38,415 | $3K | No change |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 | 200,000 | $3K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 49,999 | $3K | No change |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | 175,000 | $3K | No change |
| DSYWW Big Tree Cloud Holdings -29 | *W EXP 05/31/202 | 105,000 | $3K | No change |
| NIVFW Newgenivf Group Ltd.-28 | *W EXP 04/03/202 | 143,997 | $3K | No change |
| DISTW Distoken Acquisition Corp.-28 | *W EXP 11/30/202 | 147,684 | $2K | No change |
| MSSWF Metal SKY Star Acq -CW27 | *W EXP 03/31/202 | 200,000 | $2K | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 215,000 | $2K | No change |
| MSPRZ MSP Recovery -CW26 | *W EXP 05/23/202 | 118,881 | $2K | No change |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 66,934 | $2K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 56,244 | $2K | No change |
| HUBCW Hub Cyber Security Ltd.-28 | *W EXP 02/27/202 | 202,274 | $2K | No change |
| CDTTW Murphy Canyon Acq-CW27 | *W EXP 09/22/202 | 200,000 | $2K | No change |
| CLRWF Climaterock Class A -27 | *W EXP 99/99/999 | 84,615 | $2K | No change |
| COEPW Bull Horn Holdings Corp.-CW25 | *W EXP 10/28/202 | 150,000 | $2K | No change |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 48,401 | $2K | No change |
| SHFSW Northern Lights Acquis -CW22 | *W EXP 09/28/202 | 87,500 | $2K | No change |
| COOTW Australian Oilseeds Holdi-29 | *W EXP 03/22/202 | 50,000 | $1K | No change |
| BUJAW Bukit Jalil Global Acquis-28 | *W EXP 12/30/202 | 35,967 | $1K | No change |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | 39,633 | $1K | No change |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 14,999 | $1K | No change |
| PITWF Heramba Electric PLC-28 | *W EXP 07/26/202 | 99,998 | $1K | New |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 12,500 | $750 | No change |
| FTIIW Futuretech II Acq -CW27 | *W EXP 08/18/202 | 125,000 | $713 | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 24,999 | $657 | No change |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 49,999 | $650 | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 24,999 | $637 | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 33,332 | $633 | No change |
| PPYAW Papaya Growth Opportuni-CW23 | *W EXP 12/31/202 | 34,899 | $523 | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 48,517 | $412 | New |
| CGBWF Crown LNG Holdings Ltd.-28 | *W EXP 07/09/202 | 11,000 | $385 | New |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 24,998 | $362 | No change |
| PRENW Prenetics Global Ltd. -CW26 | *W EXP 05/18/202 | 32,770 | $347 | No change |
| NMHIW Nature's Miracle Cali - 29 | *W EXP 02/15/202 | 111,491 | $290 | No change |
| ZAPWF Zapp Electric Vehicles -28 | *W EXP 99/99/999 | 24,999 | $220 | No change |
| MMVXF Multimetaverse Holdings -27 | *W EXP 01/04/202 | 85,850 | $137 | No change |
| AILWQ Arrowroot Acquisition -CW26 | *W EXP 04/16/202 | 65,898 | $7 | No change |
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q4 2024 → Q1 2025
| BCAT BlackRock Capital Alloc TR | Reduce -56.1% | 1.07% | −1.25 |
| ECAT BlackRock ESG Cap All TRM TR | Reduce -50.1% | 1.15% | −1.02 |
| NAD Nuveen Quality Municipal Inc. | Reduce -22.5% | 3.94% | −0.73 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -28.9% | 2.33% | −0.66 |
| MUC BlackRock Munihold Ca QLTY | Reduce -48.8% | 0.81% | −0.61 |
| SKGR SK Growth Opportunities Co. Class A | Sold out | 0.00% | −0.56 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -42.7% | 0.82% | −0.49 |
| IIM Invesco Value Municipal Inco | Sold out | 0.00% | −0.43 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -21.6% | 2.86% | −0.42 |
| NZF Nuveen Municipal Credit Inc. | Reduce -27.0% | 1.51% | −0.36 |
| PTA Cohen & Steers Tax-Advantage | Sold out | 0.00% | −0.34 |
| TYG Tortoise Energy Infrastruct | Sold out | 0.00% | −0.34 |
| BFACF Battery Future Acquisition-A | Sold out | 0.00% | −0.28 |
| FLD Fold Holdings Inc. | Sold out | 0.00% | −0.27 |
| CCTSF Cactus Acquisition Corp. 1 LT | Sold out | 0.00% | −0.27 |
| PHK PIMCO High Income Fund | Reduce -29.0% | 0.90% | −0.24 |
| ACP Abrdn Income Credit Strat | Reduce -24.1% | 1.08% | −0.23 |
| PDX PIMCO Dynamic Income Strat | Reduce -12.1% | 2.26% | −0.22 |
| NMCO Nuveen Municipal Credit Opp | Reduce -54.5% | 0.23% | −0.22 |
| IXAQF Ix Acquisition Corp. Class A | Sold out | 0.00% | −0.21 |
| XMUIX BlackRock Municipal Income | Sold out | 0.00% | −0.20 |
| BRAC Broad Capital Acquisition Co. | Sold out | 0.00% | −0.18 |
| MARX Mars Acquisition Corp. | Sold out | 0.00% | −0.18 |
| NDMO Nuveen Dynamic Municipal Opp | Reduce -73.5% | 0.08% | −0.18 |
| VKI Invesco Adv Muni Inc. TR II | Reduce -37.3% | 0.37% | −0.18 |
| BSTZ BlackRock Sci & Tech TRM TR | Reduce -5.5% | 1.28% | −0.15 |
| RFAC RF Acquisition Corp. Class A | Sold out | 0.00% | −0.14 |
| MHN BlackRock Muniholding NY QLT | Reduce -30.4% | 0.40% | −0.13 |
| KTF DWS Municipal Income Trust | Sold out | 0.00% | −0.13 |
| BGX Blackstone Long-Short Credit | Sold out | 0.00% | −0.13 |
| NEW AMERICA HIGH INCOME FUND | Sold out | 0.00% | −0.12 |
| ALPHATIME ACQUISITION CORP | Sold out | 0.00% | −0.11 |
| BOWN Bowen Acquisition Corp. | Sold out | 0.00% | −0.11 |
| NCA Nuveen California Muni Val | Sold out | 0.00% | −0.10 |
| IQI Invesco Quality Muni Inc. TR | Reduce -20.9% | 0.60% | −0.10 |
| XEADX Allspring Income Opport | Reduce -30.7% | 0.31% | −0.10 |
| BWG Brandywineglobal Global Inco | Sold out | 0.00% | −0.10 |
| CCIR Cohen Circle Acquisitio Class A | Sold out | 0.00% | −0.10 |
| EIM Eaton Vance Municipal Bond | Reduce -24.4% | 0.39% | −0.10 |
| VTN Invesco TR for Invest GRD NY | Reduce -74.2% | 0.04% | −0.10 |
| MMU Western Asset Managed Munici | Reduce -13.1% | 2.62% | −0.09 |
| XMVFX BlackRock Munivest Fund | Reduce -15.2% | 1.22% | −0.09 |
| AFJK Aimei Health Technology Co. | Sold out | 0.00% | −0.09 |
| EVN Eaton Vance Muni Inc. TR | Sold out | 0.00% | −0.09 |
| KACLF Kairous Acquisition Corp. Ltd. | Sold out | 0.00% | −0.09 |
| NAN Nuveen NY QLTY Muni Inc. | Sold out | 0.00% | −0.08 |
| NUV Nuveen Municipal Value | Reduce -12.9% | 3.61% | −0.07 |
| SBI Western Asset Intermediate | Reduce -20.7% | 0.51% | −0.07 |
| SPE Special Opportunities Fund | Reduce -48.8% | 0.08% | −0.06 |
| INTE Integral Acquisition Corp. Class A | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| XNQPX Nuveen Pa QLTY Muni Inc. | Add +863.9% | 0.39% | +0.35 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +74.9% | 0.71% | +0.34 |
| FGMCU FG Merger II Corp. | New | 0.33% | +0.33 |
| XPMQX PIMCO Muni Income Fund III | Add +71.0% | 0.73% | +0.33 |
| SVCCU Stellar V Capital Corp. | New | 0.27% | +0.27 |
| KFIIU K&F Growth Acquisition Corp. | New | 0.27% | +0.27 |
| OCSL Oaktree Specialty Lending Co. | New | 0.27% | +0.27 |
| QSEAU Quartzsea Acquisition Corp. | New | 0.27% | +0.27 |
| LOKVU Live Oak Acquisition Corp. V | New | 0.27% | +0.27 |
| NHICU Newhold Investment Corp. III | New | 0.27% | +0.27 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +4.9% | 1.61% | +0.27 |
| BTX BlackRock Tech & Priv Eqty | Add +85.3% | 0.60% | +0.25 |
| ATIIU Archimedes Tech Spac Partner | New | 0.24% | +0.24 |
| GSHRU Gesher Acquisition Corp. II | New | 0.24% | +0.24 |
| DMAAU Drugs Made in America Acquis | New | 0.23% | +0.23 |
| RIBBU Ribbon Acquisition Corp. | New | 0.22% | +0.22 |
| FERAU Fifth Era Acquisition Corp. I | New | 0.21% | +0.21 |
| HVIIU Hennessy Capital Investment | New | 0.21% | +0.21 |
| GLO Clough Global Opportunities | Add +26.6% | 0.81% | +0.20 |
| PLMKU Plum Acquisition Corp. IV | New | 0.20% | +0.20 |
| XMHIX Pioneer Muni High Inc. TR | Add +15.6% | 0.93% | +0.20 |
| FTHY First Trust Hi YLD Opp 2027 | Add +18.2% | 0.83% | +0.19 |
| PML PIMCO Municipal Income FD II | Add +20.9% | 0.77% | +0.19 |
| BFK BlackRock Municipal Inc. TRST | Add +0.6% | 1.86% | +0.19 |
| XMIOX Pioneer Muni High Inc. Opp | Add +10.1% | 0.99% | +0.17 |
| COLAU Columbus Acquisition Corp. | New | 0.16% | +0.16 |
| DMF BNYM Municipal Income | Add +7.0% | 1.00% | +0.16 |
| AACBU Artius II Acquisition Inc. | New | 0.16% | +0.16 |
| XBTAX BlackRock LNG-TRM Muni Adv | New | 0.15% | +0.15 |
| MFM Aberdeen Municipal Income | Add +562.5% | 0.17% | +0.15 |
| XGLQX Clough Global Equity Fund | Add +34.5% | 0.49% | +0.14 |
| CEPO Cantor Equity Partners I-A | New | 0.14% | +0.14 |
| MAYWOOD ACQUISITION CORP | New | 0.14% | +0.14 |
| UYSCU Uy Scuti Acquisition Corp. | New | 0.13% | +0.13 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | New | 0.13% | +0.13 |
| XCMUX MFS High Yield Municipal TR | Add +42.1% | 0.36% | +0.13 |
| DMB BNY Mellon Muni BND Infra | Add +20.0% | 0.49% | +0.13 |
| OIA Invesco Municipal Income Opp | New | 0.12% | +0.12 |
| MUA BlackRock Muniassets Fund | Add +1449.4% | 0.12% | +0.12 |
| SABA Saba Capital Income & Opp II | Add +3.5% | 1.27% | +0.11 |
| XPMFX PIMCO Municipal Income Fund | Add +34.3% | 0.33% | +0.10 |
| XMQTX BlackRock Muniyield QLTY II | Add +2.5% | 0.73% | +0.09 |
| HQL Abrdn Life Sciences Investor | Add +308.6% | 0.11% | +0.08 |
| XPCQX PIMCO California Muni Inc. FD | Add +21.3% | 0.36% | +0.08 |
| XBKNX BlackRock Invest QLTY Muni | Add +2.4% | 0.60% | +0.08 |
| XPMAX Pioneer Municipal High Inc. | Add +4.0% | 0.66% | +0.08 |
| PNI PIMCO NY Muni Inc. II FND | Add +72.2% | 0.16% | +0.07 |
| BYM BlackRock Muni Inc. QLTY | Add +7.7% | 0.47% | +0.07 |
| XPCKX PIMCO California Municipa II | Add +14.1% | 0.36% | +0.07 |
| LPAA Launch One Acquisition Corp. | Add +22.2% | 0.24% | +0.07 |
Notes & Other Activity Q4 2024 → Q1 2025
| ROCLW Roth CH Acquisition V -CW23 | *W EXP 12/10/202 | Sold out | 191,139 | $76Kbefore exit |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | Add +7.1% | 577,000 | $72K |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | Add +2.0% | 250,000 | $71K |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | Sold out | 117,962 | $65Kbefore exit |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | Reduce -42.2% | 318,133 | $65K |
| USA RARE EARTH INC | *W EXP 03/13/203 | New | 88,684 | $59K |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | Sold out | 104,199 | $51Kbefore exit |
| HOLOW Golden Path Acq -CW28 | *W EXP 01/31/202 | Sold out | 148,500 | $50Kbefore exit |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | Add +3.3% | 262,666 | $47K |
| RFACR RF Acquisition Corp.- Rights | RIGHT 05/01/2028 | Sold out | 292,192 | $46Kbefore exit |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | Add +11.1% | 350,000 | $46K |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | Add +31.8% | 290,000 | $45K |
| GODNR Golden Star Acquisitio-Right | RIGHT 03/30/2025 | Sold out | 132,508 | $44Kbefore exit |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | Sold out | 142,679 | $40Kbefore exit |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | Sold out | 1,581,661 | $40Kbefore exit |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | Sold out | 56,125 | $34Kbefore exit |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | Add +4.5% | 272,577 | $33K |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | Add +22.2% | 224,321 | $33K |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | Sold out | 66,666 | $30Kbefore exit |
| KACRF Kairous Acquisition Corp.-RTS | RIGHT 09/15/2026 | Sold out | 148,636 | $30Kbefore exit |
| IXQWF Ix Acquisition Corp. -CW26 | *W EXP 07/31/202 | Sold out | 490,000 | $29Kbefore exit |
| BLACR Bellevue Life Sciences-RTS | RIGHT 02/09/2028 | Sold out | 250,000 | $29Kbefore exit |
| QOMOR Qomolangma Acquisition-Right | RIGHT 09/29/2027 | Sold out | 250,000 | $27Kbefore exit |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | Add +15.1% | 236,019 | $23K |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | Reduce -44.9% | 122,499 | $21K |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | New | 137,612 | $19K |
| GCLWW GCL Global Holdings-A -CW26 | *W EXP 02/13/203 | New | 350,000 | $18K |
| ILLRW Agba Acquisition Ltd. -CW24 | *W EXP 11/14/202 | New | 136,978 | $15K |
| BOWNR Bowen Acquisition Corp.-RTS | RIGHT 99/99/9999 | Reduce -72.0% | 56,000 | $14K |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | New | 50,000 | $12K |
| GRRRW Gorilla Technology Group-CW | *W EXP 99/99/999 | Sold out | 11,852 | $11Kbefore exit |
| RFACW RF Acquisition Corp.-CW27 | *W EXP 05/01/202 | Sold out | 350,000 | $11Kbefore exit |
| CLSKW Cleanspark Inc.-29 | *W EXP 12/29/202 | Sold out | 14,320 | $10Kbefore exit |
| OSRHW Bellevue Life Sciences-WRNT | *W EXP 02/09/202 | New | 250,000 | $10K |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | Reduce -15.2% | 55,916 | $9K |
| MCAGR Mountain Crest Acquisiti-RTS | RIGHT 08/30/2022 | Sold out | 215,000 | $7Kbefore exit |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | New | 199,299 | $6K |
| EVE.WS Eve Mobility Acquisit A -23 | *W EXP 12/31/202 | Sold out | 125,000 | $6Kbefore exit |
| NVACR Northview Acquisition Co.-RTS | RIGHT 99/99/9999 | Sold out | 250,000 | $5Kbefore exit |
| FNVWF Finnovate Acquisition -CW23 | *W EXP 09/30/202 | Sold out | 93,745 | $5Kbefore exit |
| BOCNW Blue Ocean Acquisition A -23 | *W EXP 99/99/999 | Sold out | 186,296 | $5Kbefore exit |
| QOMOW Qomolangma Acquisition Co.-27 | *W EXP 09/29/202 | Sold out | 250,000 | $4Kbefore exit |
| BFQWF Battery Future Acquis A -23 | *W EXP 99/99/999 | Sold out | 125,000 | $4Kbefore exit |
| INTEW Integral Acquisition -CW28 | *W EXP 05/31/202 | Sold out | 324,999 | $4Kbefore exit |
| RAINW Rain Enhancement-CW 29 | *W EXP 12/31/202 | New | 38,535 | $3K |
| GLLIR Globalink Investment Inc.-RTS | RIGHT 12/06/2026 | Sold out | 213,000 | $3Kbefore exit |
| ALSTF Alpha Star Acq Corp. - Rights | RIGHT 12/13/2026 | Sold out | 98,841 | $3Kbefore exit |
| MITAW Coliseum Acquisition A -CW28 | *W EXP 08/22/202 | Sold out | 38,535 | $3Kbefore exit |
| ATEKW Athena Technology Acq -CW23 | *W EXP 10/17/202 | Sold out | 75,353 | $2Kbefore exit |
| CTSWF Cactus Acquisition Corp.-CW23 | *W EXP 08/17/202 | Sold out | 124,999 | $2Kbefore exit |
Showing the first 50 of 61.
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 | 320 | $2.1B | MHD, MQY, PSUS, MYI, HYT |
| Q1 2026 | 312 | $2.0B | MHD, MQY, MYI, HYT, VKQ |
| Q4 2025 | 299 | $2.1B | VKQ, PDI, MHD, XMYDX, BLE |
| Q3 2025 | 294 | $1.7B | MHD, XMYDX, VKQ, PML, BLE |
| Q2 2025 | 232 | $1.8B | NAD, MHD, NUV, XMYDX, MMU |
| Q1 2025 | 205 | $1.9B | NAD, NUV, NVG, MMU, XMYDX |
| Q4 2024 | 227 | $2.1B | NAD, NUV, NVG, XNEAX, MMU |
| Q3 2024Amended | 208 | $2.1B | NAD, XNEAX, NUV, MMU, NVG |
| Q2 2024 | 247 | $2.1B | NAD, XNEAX, BCAT, NVG, ECAT |
| Q1 2024 | 251 | $2.1B | NAD, XNEAX, BCAT, NVG, MMU |