Saba Capital Management, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Saba Capital Management, L.P. reported 178 stock positions worth $3.6 billion. Its top holding was BlackRock ESG Cap All TRM TR (ECAT) at 12.6% of the portfolio, followed by BlackRock Tech & Priv Eqty (BTX, 12.2%) and PIMCO Dynamic Income Strat (PDX, 5.1%). Compared with Q1 2025, it opened 57 new positions, sold out of 18, added to 63 and reduced 37. The biggest buy was Gabelli Dividend & Income TR (XGDVX, shares +7%) and the biggest sale an exit from BlackRock HLTH Sci TRM TR II (BMEZ).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001510281
- Portfolio Value
- $3.6B (Q2 2025)
- SEC Filing
- 0001062993-25-014442 ↗ filed Aug 14, 2025
Holdings Value
Holdings 178 stocks · $3.6B
| ECAT BlackRock ESG Cap All TRM TR | 12.62% | 28,605,041 | $459.4M | No change |
| BTX BlackRock Tech & Priv Eqty | 12.24% | 60,675,395 | $445.4M | No change |
| PDX PIMCO Dynamic Income Strat | 5.10% | 7,527,897 | $185.6M | Reduce -0.2% |
| XGDVX Gabelli Dividend & Income TR | 4.84% | 6,768,149 | $176.0M | Add +6.6% |
| BCAT BlackRock Capital Alloc TR | 3.25% | 7,802,473 | $118.1M | Reduce -33.9% |
| NBXG Neuberger Next Generation Co. | 3.07% | 7,663,379 | $111.9M | No change |
| ASA ASA Gold and Precious Metals | 2.82% | 3,253,837 | $102.7M | No change |
| GAM General American Investors | 2.78% | 1,802,645 | $101.0M | Add +11.5% |
| NFJ Virtus DVD Intrst & PRM STR | 2.62% | 7,683,458 | $95.3M | Add +0.6% |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 2.44% | 6,259,969 | $89.0M | Add +0.4% |
| BSTZ BlackRock Sci & Tech TRM TR | 2.35% | 4,127,740 | $85.7M | Reduce -15.9% |
| ADX Adams Diversified Equity | 1.71% | 2,870,153 | $62.3M | Reduce -35.7% |
| PEO Adams Natural Resources Fund | 1.69% | 2,877,339 | $61.5M | Reduce -0.4% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 1.56% | 5,058,973 | $56.8M | No change |
| XBFZX BlackRock Ca Muni Inc. TR | 1.39% | 4,692,717 | $50.7M | Reduce -1.3% |
| XEVMX Eaton Vance Cal Muni Bond | 1.11% | 4,544,380 | $40.5M | Add +12.9% |
| CNNE Cannae Holdings Inc. | 1.11% | 1,935,921 | $40.4M | Add +5.5% |
| HQL Abrdn Life Sciences Investor | 1.06% | 3,017,539 | $38.7M | Reduce -5.4% |
| XMHIX Pioneer Muni High Inc. TR | 1.06% | 4,201,829 | $38.5M | Add +1.7% |
| XENWX Eaton Vance New York Municip | 1.00% | 3,898,946 | $36.2M | Add +10.4% |
| XPMAX Pioneer Municipal High Inc. | 0.92% | 4,015,961 | $33.3M | Add +2.4% |
| LEO BNY Mellon Strategic Muni | 0.91% | 5,581,552 | $33.0M | Add +9.1% |
| AFB Allianceberstein NTL Muni | 0.89% | 3,149,020 | $32.5M | No change |
| EVTL Vertical Aerospace Ltd. | 0.80% | 4,315,701 | $29.2M | Add +2.8% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.79% | 5,152,591 | $28.9M | Add +21.2% |
| IIF Morgan Stanley India Invest | 0.79% | 1,016,952 | $28.7M | Add +35.4% |
| BMBL Bumble Inc. Class A | 0.77% | 4,252,362 | $28.0M | Add +38.1% |
| TYG Tortoise Energy Infrastruct | 0.75% | 625,915 | $27.5M | Reduce -15.1% |
| XNXJX Nuveen NJ QLTY Muni Inc. | 0.72% | 2,300,764 | $26.1M | Reduce -39.0% |
| XMIOX Pioneer Muni High Inc. Opp | 0.70% | 2,161,352 | $25.5M | Add +2.3% |
| SABA Saba Capital Income & Opp II | 0.70% | 2,764,970 | $25.4M | Reduce -5.8% |
| WB Weibo Corp.-Spon ADR | 0.69% | 2,617,357 | $24.9M | Add +10.9% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.68% | 2,172,011 | $24.7M | Add +18.9% |
| GF The New Germany Fund Inc. | 0.64% | 1,938,389 | $23.1M | Add +13.6% |
| NMAI Nuveen Multi-Asset Income | 0.61% | 1,771,563 | $22.4M | Reduce -25.5% |
| WENNU Wen Acquisition Corp. | 0.57% | 1,963,229 | $20.8M | New |
| JOF Japan Smaller Capitalization | 0.56% | 2,107,155 | $20.3M | Add +32.9% |
| RDAG Republic Digital Acquis Class A | 0.54% | 1,900,000 | $19.5M | New |
| BTT BlackRock 2030 Muni TRGT TRM | 0.53% | 877,113 | $19.2M | Add +9.3% |
| MUC BlackRock Munihold Ca QLTY | 0.52% | 1,836,624 | $19.0M | Reduce -21.5% |
| XTEAX Tortoise Sust&social Imp Ter | 0.52% | 1,549,226 | $19.0M | Add +12.0% |
| GRX Gabelli Healthcare & Well | 0.51% | 1,976,875 | $18.7M | Add +1.0% |
| MHN BlackRock Muniholding NY QLT | 0.49% | 1,798,909 | $17.7M | Reduce -5.2% |
| XBNYX BlackRock New York Muni Inc. | 0.49% | 1,826,197 | $17.7M | Reduce -5.6% |
| ETOR Etoro Group Ltd. Class A | 0.48% | 260,000 | $17.3M | New |
| NBH Neuberger Municipal Fund Inc. | 0.47% | 1,746,177 | $17.2M | Reduce -4.7% |
| DMA Destra Multi-Alternative | 0.47% | 1,958,054 | $17.1M | Add +12.6% |
| ECF Ellsworth Growth and Income | 0.46% | 1,627,221 | $16.7M | Add +15.9% |
| BCX BlackRock Resources & Commod | 0.43% | 1,674,206 | $15.8M | Add +9.5% |
| MXF Mexico Fund Inc. | 0.42% | 866,862 | $15.2M | New |
| SNAP Snap Inc. Class A | 0.41% | 1,729,048 | $15.0M | Add +186.4% |
| GLO Clough Global Opportunities | 0.40% | 2,655,724 | $14.4M | Add +10.5% |
| DMB BNY Mellon Muni BND Infra | 0.36% | 1,287,011 | $13.2M | Add +3.5% |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | 0.35% | 1,816,687 | $12.8M | Add +7566.0% |
| MPA BlackRock Muniyield Pa Qltyv | 0.35% | 1,177,841 | $12.7M | Reduce -40.3% |
| PAGS Pagseguro Digital Ltd. Class A | 0.34% | 1,293,415 | $12.5M | Reduce -32.7% |
| UBER Uber Technologies Inc. | 0.33% | 128,836 | $12.0M | Add +217.0% |
| HFRO Highland Opport & Income | 0.32% | 2,271,159 | $11.8M | New |
| XJEQX Abrdn Japan Equity Fund Inc. | 0.31% | 1,516,469 | $11.4M | Add +51.2% |
| AMAT Applied Materials Inc. | 0.31% | 62,421 | $11.4M | New |
| XOM Exxon Mobil Corp. | 0.30% | 102,458 | $11.0M | New |
| PMTR Perimeter Acquis Corp. I Class A | 0.30% | 1,058,692 | $10.8M | New |
| PCAPU Procap Acquisition Corp. | 0.29% | 1,000,000 | $10.7M | New |
| GNT Gamco Natural Resources Gold | 0.29% | 1,693,672 | $10.7M | Reduce -6.2% |
| IHD Voya Emrg MRKT Hi DVD Eqty | 0.29% | 1,748,915 | $10.4M | Add +69.8% |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.28% | 712,188 | $10.2M | Add +144.7% |
| EOD Allspring Global Dividend Op | 0.28% | 1,888,921 | $10.2M | Reduce -3.2% |
| NML Neuberger Energy Infrastruct | 0.26% | 1,047,478 | $9.4M | Reduce -10.4% |
| XPCKX PIMCO California Municipa II | 0.26% | 1,758,771 | $9.4M | Add +0.7% |
| RA Brookfield Real Assets Incom | 0.25% | 693,898 | $9.3M | Add +6.0% |
| BIDU Baidu Inc. - Spon ADR | 0.25% | 107,068 | $9.2M | No change |
| BA The Boeing Co. | 0.25% | 43,368 | $9.1M | New |
| DAAQ Digital Asset Acquisiti Class A | 0.24% | 850,000 | $8.9M | New |
| STHO Star Holdings filed as STAR HLDGS | 0.24% | 1,108,520 | $8.7M | Reduce -2.5% |
| CXE MFS High Income Municipal TR | 0.23% | 2,387,798 | $8.5M | Add +6.2% |
| RAAQ Real Asset Acquisiti Class A | 0.23% | 822,246 | $8.3M | New |
| TACO Berto Acquisition Corp. | 0.20% | 700,000 | $7.3M | New |
| IREN Iren Ltd. filed as IREN LIMITED | 0.20% | 490,100 | $7.1M | Reduce -15.9% |
| DJT Trump Media & Technology Gro | 0.19% | 388,802 | $7.0M | New |
| MSFT Microsoft Corp. | 0.18% | 13,230 | $6.6M | New |
| MYN BlackRock Muniyield NY QLTY | 0.18% | 682,211 | $6.5M | Reduce -43.4% |
| SOC Sable Offshore Corp. | 0.18% | 291,402 | $6.4M | No change |
| LWACU Lightwave Acquisition Corp. | 0.17% | 600,000 | $6.0M | New |
| LNC Lincoln National Corp. | 0.16% | 170,125 | $5.9M | Add +33.3% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 0.15% | 123,446 | $5.5M | Add +250.2% |
| MFM Aberdeen Municipal Income | 0.15% | 1,041,627 | $5.4M | Add +52.3% |
| CEV Eaton Vance Ca Muni Inc. TRST | 0.15% | 551,061 | $5.3M | Reduce -13.7% |
| HUDSON PAC PPTYS INC | 0.15% | 1,940,488 | $5.3M | Add +0.1% |
| CAEP Cantor Equity Partners III-A | 0.14% | 500,000 | $5.3M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.14% | 167,174 | $5.1M | Add +8.4% |
| IPCX Inflection Point Acquisiti-A | 0.14% | 500,000 | $5.1M | New |
| NVDA Nvidia Corp. | 0.14% | 31,754 | $5.0M | New |
| CORZ Core Scientific Inc. | 0.13% | 285,000 | $4.9M | Add +11.9% |
| TDF Templeton Dragon Fund Inc. | 0.13% | 484,570 | $4.8M | New |
| BCV Bancroft Fund Ltd. | 0.13% | 252,145 | $4.8M | Reduce -2.9% |
| MUR Murphy Oil Corp. | 0.13% | 206,140 | $4.6M | Add +56.1% |
| VERX Vertex Inc. Class A | 0.12% | 125,076 | $4.4M | Add +5.6% |
| TY Tri-Continental Corp. | 0.11% | 131,968 | $4.2M | New |
| VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC | 0.11% | 487,184 | $4.0M | Reduce -14.6% |
| FMN Federated Herm Prem Muni Inc. | 0.11% | 374,908 | $4.0M | No change |
| ERH Allspring Utilities and High | 0.11% | 339,783 | $3.9M | Reduce -9.2% |
| ABUS Arbutus Biopharma Corp. | 0.11% | 1,260,129 | $3.9M | Add +28.6% |
| AES AES Corp. | 0.11% | 369,582 | $3.9M | New |
| XGLQX Clough Global Equity Fund | 0.10% | 535,253 | $3.8M | Add +1.7% |
| PGZ Principal Real Estate Income | 0.10% | 361,704 | $3.8M | Reduce -14.7% |
| F Ford Motor Co. filed as FORD MTR CO | 0.10% | 343,351 | $3.7M | New |
| EMBC Embecta Corp. | 0.10% | 379,209 | $3.7M | Add +622.3% |
| TROX Tronox Holdings PLC | 0.10% | 710,363 | $3.6M | Add +51.5% |
| UIS Unisys Corp. | 0.10% | 784,297 | $3.6M | Add +10.6% |
| GLV Clough Global Dividend & Inc. | 0.09% | 604,107 | $3.4M | Add +1.7% |
| POLESTAR AUTOMOTIVE HLDG UK | 0.09% | 3,193,804 | $3.4M | Add +42.0% |
| CEPT Cantor Equity Partners Class A | 0.09% | 300,000 | $3.3M | New |
| SABR Sabre Corp. | 0.09% | 1,036,309 | $3.3M | Add +111.8% |
| XPHDX Pioneer Floating Rate Fund | 0.09% | 319,614 | $3.1M | New |
| PACHU Pioneer Acquisition I Corp. | 0.08% | 298,473 | $3.0M | New |
| WGO Winnebago Industries | 0.08% | 101,884 | $3.0M | Add +6.8% |
| NPAC New Providence Acquisition-A | 0.08% | 286,897 | $2.9M | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.08% | 288,758 | $2.9M | New |
| TDS Telephone and Data Systems | 0.08% | 80,000 | $2.8M | New |
| AMD Advanced Micro Devices | 0.08% | 19,978 | $2.8M | New |
| XPHTX Pioneer High Income Fund | 0.08% | 350,342 | $2.8M | New |
| CBRE CBRE Group Inc. Class A | 0.08% | 20,000 | $2.8M | Reduce -15.4% |
| MOS The Mosaic Co. | 0.07% | 73,456 | $2.7M | New |
| PNI PIMCO NY Muni Inc. II FND | 0.07% | 384,989 | $2.6M | Add +14.1% |
| HQH Abrdn Healthcare Investors | 0.07% | 164,102 | $2.5M | Reduce -86.3% |
| RMT Royce Micro-Cap Trust Inc. | 0.07% | 271,614 | $2.5M | Add +474.9% |
| GEO The Geo Group Inc. | 0.07% | 103,914 | $2.5M | Add +50.8% |
| HEQ John Hancock Divers Inc. Fund | 0.07% | 230,747 | $2.4M | Add +8.8% |
| GRFS Grifols SA-ADR | 0.07% | 269,686 | $2.4M | New |
| ABNB Airbnb Inc. Class A | 0.07% | 18,378 | $2.4M | New |
| HOUS Anywhere Real Estate Inc. | 0.07% | 659,843 | $2.4M | Reduce -12.4% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.07% | 493,938 | $2.4M | Add +97.6% |
| XBGYX BlackRock Enh Intl DVD TR | 0.06% | 402,259 | $2.3M | Reduce -20.5% |
| VFL Abrdn National Municipal Inc. | 0.06% | 230,993 | $2.2M | Add +32.6% |
| CPRI Capri Holdings Ltd. | 0.06% | 122,261 | $2.2M | No change |
| XCAFX Morgan Stanley China A Share | 0.06% | 153,827 | $2.1M | New |
| WDC Western Digital Corp. | 0.06% | 32,751 | $2.1M | New |
| VOYG Voyager Technologies Inc. Class A | 0.06% | 52,094 | $2.0M | New |
| MUJ BlackRock Munihold NJ QLTY | 0.06% | 186,623 | $2.0M | Reduce -30.0% |
| FIGXU Figx Capital Acquisition Cor | 0.06% | 200,000 | $2.0M | New |
| PLAY Dave & Buster's Entertainmen | 0.05% | 60,000 | $1.8M | New |
| ARBE Arbe Robotics Ltd. | 0.05% | 1,000,000 | $1.8M | No change |
| XMVTX BlackRock Munivest Fund II | 0.05% | 170,229 | $1.8M | Add +57.6% |
| CYH Community Health Systems Inc. | 0.05% | 509,009 | $1.7M | New |
| CODI Compass Diversified Holdings | 0.04% | 255,825 | $1.6M | Add +98.6% |
| SWZ Total Return Securities Fund | 0.04% | 245,033 | $1.6M | Add +1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.04% | 32,482 | $1.5M | New |
| GM General Motors Co. | 0.04% | 28,600 | $1.4M | No change |
| MXE Mexico Equity and Income FD | 0.03% | 118,600 | $1.2M | No change |
| PYPL PayPal Holdings Inc. | 0.03% | 16,524 | $1.2M | New |
| BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I | 0.03% | 116,238 | $1.2M | New |
| MCGAU Yorkville Acquisition Corp. | 0.03% | 100,000 | $1.1M | New |
| CRML Critical Metals Corp. | 0.03% | 300,000 | $1.1M | No change |
| BRR Columbus Circle Capital Co. Class A | 0.03% | 100,000 | $1.1M | New |
| RTAC Renatus Tactical Acquisiti-A | 0.03% | 88,344 | $1.0M | New |
| CPZ Calamos LNG/SHRT Eqty & DYN | 0.02% | 53,861 | $874K | Reduce -87.9% |
| PYN PIMCO New York Muni FND III | 0.02% | 164,840 | $864K | Add +1208.3% |
| GRNT Granite Ridge Resources Inc. | 0.02% | 115,878 | $738K | No change |
| ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW | 0.02% | 74,255 | $676K | Reduce -84.4% |
| EMF Templeton Emerging Markets | 0.02% | 44,869 | $655K | No change |
| HIPO Hippo Holdings Inc. | 0.01% | 19,528 | $545K | No change |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.01% | 5,764 | $530K | New |
| KF Korea Fund Inc. | 0.01% | 19,633 | $529K | New |
| CHINA FUND INC | 0.01% | 35,164 | $524K | New |
| NCV Virtus Convertible & Income | 0.01% | 32,244 | $458K | New |
| RITM Rithm Capital Corp. | 0.01% | 40,000 | $452K | New |
| CMPS Compass Pathways PLC | 0.01% | 151,033 | $423K | No change |
| KYN Kayne Anderson Energy Infra | 0.01% | 32,266 | $410K | New |
| AR Antero Resources Corp. | 0.01% | 10,000 | $403K | No change |
| XHNWX Pioneer Diversified High | 0.01% | 28,082 | $351K | New |
| ZTR Virtus Total Return Fund Inc. | 0.01% | 47,645 | $297K | New |
| QVCAQ QVC Group Inc. | 0.01% | 100,714 | $277K | Reduce -67.5% |
| AEF Abrdn Emerging Markets Ex CH | 0.01% | 46,174 | $274K | Reduce -17.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.01% | 19,928 | $273K | New |
| UBS UBS Group AG-Reg | 0.01% | 7,844 | $265K | New |
| STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC | 0.01% | 94,264 | $193K | No change |
| ENGENE HOLDINGS INC | 0.00% | 178,334 | $146K | No change |
| GREENLAND MINES LTD filed as KLOTHO NEUROSCIENCES INC | 0.00% | 43,947 | $50K | New |
Options reported separately and not counted above: MSFT puts ($102.4M), AMD puts ($73.2M), UBER puts ($63.7M), BA puts ($62.5M), AMAT puts ($60.8M), XOM puts ($58.8M), WDC puts ($35.2M), MOS puts ($34.8M), NVDA puts ($28.9M), F puts ($28.7M), BAC puts ($9.9M), ABNB puts ($9.3M), and 6 more.
Other holdings (126): bonds, preferreds, convertibles and warrants · $30.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 10,000,000 | $10.0M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 5,000,000 | $5.4M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 2,000,000 | $1.8M | No change |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 5,000,000 | $1.2M | Reduce -38.6% |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | 32,248 | $1.0M | No change |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | 126,377 | $982K | Reduce -15.0% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 153,564 | $657K | Reduce -22.5% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 949,999 | $656K | New |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 1,368,295 | $544K | Reduce -26.4% |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 471,140 | $400K | New |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 568,730 | $395K | Reduce -1.0% |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 1,062,350 | $394K | New |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | 211,454 | $385K | Add +0.7% |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 1,144,838 | $371K | No change |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 554,845 | $355K | New |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 51,257 | $321K | Reduce -22.6% |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 687,813 | $316K | New |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 617,000 | $281K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 406,561 | $279K | New |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 149,170 | $274K | Reduce -30.8% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 733,911 | $225K | Add +0.0% |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 512,200 | $205K | New |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 231,592 | $170K | Add +34.4% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 275,647 | $169K | No change |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 352,804 | $168K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 438,551 | $153K | Add +20.6% |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 186,852 | $153K | No change |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 414,140 | $125K | No change |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 48,932 | $115K | Add +364.5% |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 56,866 | $115K | New |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 164,350 | $113K | New |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 472,500 | $109K | No change |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 252,283 | $98K | Add +308.7% |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | 699,290 | $97K | New |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 174,262 | $91K | Add +92.3% |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 260,059 | $91K | Reduce -13.1% |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 42,591 | $85K | Reduce -41.3% |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 67,710 | $78K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 500,000 | $70K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 710,648 | $69K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 237,350 | $65K | New |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 193,229 | $64K | No change |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | 199,659 | $60K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 175,286 | $59K | No change |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | 233,761 | $56K | New |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 175,000 | $54K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 95,631 | $54K | New |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 726,048 | $53K | New |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 349,998 | $48K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 726,030 | $46K | No change |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 983,603 | $44K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 59,763 | $40K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 200,000 | $39K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 55,110 | $39K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 249,200 | $37K | No change |
| FOXXW 1OXX | *W EXP 09/26/202 | 244,962 | $34K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 174,998 | $34K | No change |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 84,913 | $33K | No change |
| ARBEW Arbe Robotics Ltd. -CW26 | *W EXP 99/99/999 | 114,180 | $32K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 111,217 | $31K | New |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 500,000 | $30K | No change |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 99,762 | $29K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 541,499 | $28K | No change |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | 380,604 | $26K | Reduce -2.8% |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 273,057 | $26K | No change |
| GCLWW GCL Global Holdings-A -CW26 | *W EXP 02/13/203 | 275,000 | $26K | No change |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 500,000 | $26K | No change |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 332,000 | $25K | No change |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 230,500 | $25K | No change |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 49,998 | $24K | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 997,048 | $23K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 99,999 | $22K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 71,410 | $21K | Add +233.5% |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 31,616 | $19K | New |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 83,480 | $16K | New |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | 945,000 | $16K | No change |
| ZOOZW Zooz Strategy Ltd.-29 | *W EXP 04/02/202 | 262,498 | $16K | No change |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 166,894 | $15K | No change |
| TBLAW Taboola.com Ltd. -CW27 | *W EXP 99/99/999 | 72,280 | $15K | No change |
| HOLLEY INC | *W EXP 11/30/202 | 298,716 | $15K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 100,000 | $14K | No change |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 649,998 | $14K | No change |
| OSRHW Bellevue Life Sciences-WRNT | *W EXP 02/09/202 | 250,000 | $13K | No change |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 73,108 | $13K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 25,000 | $12K | New |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 303,596 | $12K | No change |
| VSEEW Digital Health Acquist-CW23 | *W EXP 99/99/999 | 243,249 | $11K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 211,075 | $11K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 132,013 | $11K | No change |
| DISTW Distoken Acquisition Corp.-28 | *W EXP 11/30/202 | 99,762 | $10K | No change |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 99,998 | $10K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 484,298 | $10K | New |
| CDTTW Murphy Canyon Acq-CW27 | *W EXP 09/22/202 | 765,000 | $8K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 295,913 | $7K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 212,302 | $7K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 400,330 | $6K | No change |
| STRATA CRITICAL MEDICAL INC | *W EXP 05/07/202 | 27,728 | $6K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 14,427 | $6K | New |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 297,847 | $6K | No change |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | 265,947 | $5K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 10,200 | $5K | No change |
| CGBWF Crown LNG Holdings Ltd.-28 | *W EXP 07/09/202 | 150,000 | $5K | No change |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 531,114 | $5K | No change |
| HUBCW Hub Cyber Security Ltd.-28 | *W EXP 02/27/202 | 179,799 | $5K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 122,683 | $4K | No change |
| LAKESHORE BIOPHARMA CO LTD | *W EXP 03/15/202 | 97,299 | $4K | No change |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 20,000 | $3K | No change |
| CDIOW Cardio Diagnostics-CW26 | *W EXP 10/25/202 | 199,839 | $3K | No change |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 26,945 | $3K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 49,203 | $3K | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 124,100 | $3K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 155,950 | $3K | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 170,222 | $3K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 43,358 | $3K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 21,669 | $2K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 65,000 | $2K | No change |
| ADVWW Advantage Solutions in-CW25 | *W EXP 10/28/202 | 151,879 | $2K | No change |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 81,901 | $2K | No change |
| PERFF Perfect Corp. | *W EXP 10/28/202 | 41,822 | $2K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 18,752 | $1K | No change |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 16,866 | $1K | No change |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | 41,097 | $958 | No change |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 22,099 | $600 | No change |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 19,443 | $576 | No change |
| XAGEW Alpha Healthcare Acquis-CW27 | *W EXP 07/12/202 | 19,604 | $525 | No change |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 11,937 | $488 | No change |
Total filed on the 13F, all lines: $3.7B.
Portfolio Sells Q1 2025 → Q2 2025
| BMEZ BlackRock HLTH Sci TRM TR II | Sold out | 0.00% | −8.55 |
| BCAT BlackRock Capital Alloc TR | Reduce -33.9% | 3.25% | −1.45 |
| ADX Adams Diversified Equity | Reduce -35.7% | 1.71% | −0.63 |
| XNXJX Nuveen NJ QLTY Muni Inc. | Reduce -39.0% | 0.72% | −0.51 |
| ASGI Abrdn Global Infrastructure | Sold out | 0.00% | −0.50 |
| HQH Abrdn Healthcare Investors | Reduce -86.3% | 0.07% | −0.47 |
| XAODX Abrdn Total Dynamic Dividend | Sold out | 0.00% | −0.37 |
| TBLD Thornburg Income Builder Opp | Sold out | 0.00% | −0.27 |
| MPA BlackRock Muniyield Pa Qltyv | Reduce -40.3% | 0.35% | −0.26 |
| EMO Clearbridge Energy Midstream | Sold out | 0.00% | −0.25 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.20 |
| NPCT Nuveen Core Plus Impact | Sold out | 0.00% | −0.18 |
| NMAI Nuveen Multi-Asset Income | Reduce -25.5% | 0.61% | −0.18 |
| MUC BlackRock Munihold Ca QLTY | Reduce -21.5% | 0.52% | −0.17 |
| CPZ Calamos LNG/SHRT Eqty & DYN | Reduce -87.9% | 0.02% | −0.17 |
| MYN BlackRock Muniyield NY QLTY | Reduce -43.4% | 0.18% | −0.15 |
| PEO Adams Natural Resources Fund | Reduce -0.4% | 1.69% | −0.13 |
| TYG Tortoise Energy Infrastruct | Reduce -15.1% | 0.75% | −0.12 |
| ACH Accendra Health Inc. | Reduce -84.4% | 0.02% | −0.10 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.09 |
| FGB First Trust Special Financ | Sold out | 0.00% | −0.08 |
| QVCAQ QVC Group Inc. | Reduce -67.5% | 0.01% | −0.08 |
| XLGIX Lazard GLBL TTL RTRN & Inc. | Sold out | 0.00% | −0.07 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -32.7% | 0.34% | −0.06 |
| XBNYX BlackRock New York Muni Inc. | Reduce -5.6% | 0.49% | −0.06 |
| HQL Abrdn Life Sciences Investor | Reduce -5.4% | 1.06% | −0.06 |
| NBH Neuberger Municipal Fund Inc. | Reduce -4.7% | 0.47% | −0.06 |
| BSTZ BlackRock Sci & Tech TRM TR | Reduce -15.9% | 2.35% | −0.05 |
| XBFZX BlackRock Ca Muni Inc. TR | Reduce -1.3% | 1.39% | −0.05 |
| GSHRU Gesher Acquisition Corp. II | Sold out | 0.00% | −0.05 |
| MHN BlackRock Muniholding NY QLT | Reduce -5.2% | 0.49% | −0.05 |
| VPV Invesco Pa Val Muni Inc. | Sold out | 0.00% | −0.05 |
| NML Neuberger Energy Infrastruct | Reduce -10.4% | 0.26% | −0.03 |
| CEV Eaton Vance Ca Muni Inc. TRST | Reduce -13.7% | 0.15% | −0.03 |
| STHO Star Holdings | Reduce -2.5% | 0.24% | −0.03 |
| NHICU Newhold Investment Corp. III | Sold out | 0.00% | −0.03 |
| MUJ BlackRock Munihold NJ QLTY | Reduce -30.0% | 0.06% | −0.03 |
| FWRD Forward Air Corp. | Sold out | 0.00% | −0.03 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.02 |
| PGZ Principal Real Estate Income | Reduce -14.7% | 0.10% | −0.02 |
| PDX PIMCO Dynamic Income Strat | Reduce -0.2% | 5.10% | −0.02 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -20.5% | 0.06% | −0.01 |
| CAR Avis Budget Group Inc. | Sold out | 0.00% | −0.01 |
| GNT Gamco Natural Resources Gold | Reduce -6.2% | 0.29% | −0.01 |
| CBRE CBRE Group Inc. Class A | Reduce -15.4% | 0.08% | −0.01 |
| SABA Saba Capital Income & Opp II | Reduce -5.8% | 0.70% | −0.01 |
| ERH Allspring Utilities and High | Reduce -9.2% | 0.11% | −0.01 |
| BHV BlackRock Virginia Muni BND | Sold out | 0.00% | −0.01 |
| XPCQX PIMCO California Muni Inc. FD | Sold out | 0.00% | −0.00 |
| HOUS Anywhere Real Estate Inc. | Reduce -12.4% | 0.07% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| XGDVX Gabelli Dividend & Income TR | Add +6.6% | 4.84% | +0.60 |
| WENNU Wen Acquisition Corp. | New | 0.57% | +0.57 |
| RDAG Republic Digital Acquis Class A | New | 0.54% | +0.54 |
| GAM General American Investors | Add +11.5% | 2.78% | +0.53 |
| ETOR Etoro Group Ltd. Class A | New | 0.48% | +0.48 |
| MXF Mexico Fund Inc. | New | 0.42% | +0.42 |
| EVTL Vertical Aerospace Ltd. | Add +2.8% | 0.80% | +0.41 |
| BMBL Bumble Inc. Class A | Add +38.1% | 0.77% | +0.40 |
| XIAEX Voya Asia Pac Hi DVD Eq Inc. | Add +7566.0% | 0.35% | +0.35 |
| HFRO Highland Opport & Income | New | 0.32% | +0.32 |
| AMAT Applied Materials Inc. | New | 0.31% | +0.31 |
| XOM Exxon Mobil Corp. | New | 0.30% | +0.30 |
| PMTR Perimeter Acquis Corp. I Class A | New | 0.30% | +0.30 |
| PCAPU Procap Acquisition Corp. | New | 0.29% | +0.29 |
| IIF Morgan Stanley India Invest | Add +35.4% | 0.79% | +0.28 |
| SNAP Snap Inc. Class A | Add +186.4% | 0.41% | +0.27 |
| BA The Boeing Co. | New | 0.25% | +0.25 |
| UBER Uber Technologies Inc. | Add +217.0% | 0.33% | +0.25 |
| DAAQ Digital Asset Acquisiti Class A | New | 0.24% | +0.24 |
| RAAQ Real Asset Acquisiti Class A | New | 0.23% | +0.23 |
| TACO Berto Acquisition Corp. | New | 0.20% | +0.20 |
| DJT Trump Media & Technology Gro | New | 0.19% | +0.19 |
| JOF Japan Smaller Capitalization | Add +32.9% | 0.56% | +0.19 |
| MSFT Microsoft Corp. | New | 0.18% | +0.18 |
| CNNE Cannae Holdings Inc. | Add +5.5% | 1.11% | +0.18 |
| GF The New Germany Fund Inc. | Add +13.6% | 0.64% | +0.17 |
| LWACU Lightwave Acquisition Corp. | New | 0.17% | +0.17 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +144.7% | 0.28% | +0.16 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Add +0.4% | 2.44% | +0.15 |
| CAEP Cantor Equity Partners III-A | New | 0.14% | +0.14 |
| IPCX Inflection Point Acquisiti-A | New | 0.14% | +0.14 |
| NVDA Nvidia Corp. | New | 0.14% | +0.14 |
| XJEQX Abrdn Japan Equity Fund Inc. | Add +51.2% | 0.31% | +0.13 |
| IHD Voya Emrg MRKT Hi DVD Eqty | Add +69.8% | 0.29% | +0.13 |
| TDF Templeton Dragon Fund Inc. | New | 0.13% | +0.13 |
| XBOEX BlackRock Enh GLBL DVD TR | Add +18.9% | 0.68% | +0.13 |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | Add +250.2% | 0.15% | +0.12 |
| DSM BNYM Strat Muni BND | Add +21.2% | 0.79% | +0.11 |
| TY Tri-Continental Corp. | New | 0.11% | +0.11 |
| AES AES Corp. | New | 0.11% | +0.11 |
| ECF Ellsworth Growth and Income | Add +15.9% | 0.46% | +0.11 |
| F Ford Motor Co. | New | 0.10% | +0.10 |
| CEPT Cantor Equity Partners Class A | New | 0.09% | +0.09 |
| XTEAX Tortoise Sust&social Imp Ter | Add +12.0% | 0.52% | +0.09 |
| XPHDX Pioneer Floating Rate Fund | New | 0.09% | +0.09 |
| XEVMX Eaton Vance Cal Muni Bond | Add +12.9% | 1.11% | +0.08 |
| CORZ Core Scientific Inc. | Add +11.9% | 0.13% | +0.08 |
| EMBC Embecta Corp. | Add +622.3% | 0.10% | +0.08 |
| PACHU Pioneer Acquisition I Corp. | New | 0.08% | +0.08 |
| NPAC New Providence Acquisition-A | New | 0.08% | +0.08 |
Options Activity Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | put | New | 205,800 | $102.4M |
| AMD Advanced Micro Devices | put | New | 515,700 | $73.2M |
| UBER Uber Technologies Inc. | put | New | 683,100 | $63.7M |
| BA The Boeing Co. | put | New | 298,300 | $62.5M |
| AMAT Applied Materials Inc. | put | New | 332,100 | $60.8M |
| XOM Exxon Mobil Corp. | put | New | 545,300 | $58.8M |
| AAL American Airlines Group Inc. | put | Sold out | 5,062,500 | $53.4Mbefore exit |
| WDC Western Digital Corp. | put | New | 550,800 | $35.2M |
| MOS The Mosaic Co. | put | New | 952,600 | $34.8M |
| NVDA Nvidia Corp. | put | New | 183,000 | $28.9M |
| F Ford Motor Co. | put | New | 2,642,800 | $28.7M |
| BAC Bank of America Corp. | put | New | 209,900 | $9.9M |
| ABNB Airbnb Inc. Class A | put | New | 70,400 | $9.3M |
| RITM Rithm Capital Corp. | put | New | 500,000 | $5.6M |
| PYPL PayPal Holdings Inc. | put | New | 75,700 | $5.6M |
| CF CF Industries Holdings Inc. | put | New | 26,800 | $2.5M |
| MARA Mara Holdings Inc. | put | Reduce -0.1% | 124,900 | $2.0M |
| UBS UBS Group AG-Reg | put | New | 53,700 | $1.8M |
| NU Nu Holdings Ltd./Cayman Isl-A | put | New | 94,800 | $1.3M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Reduce -38.6% | 5,000,000 | $1.2M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Sold out | 1,000,000 | $1.0Mbefore exit |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | Reduce -15.0% | 126,377 | $982K |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | Reduce -22.5% | 153,564 | $657K |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | New | 949,999 | $656K |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | Reduce -26.4% | 1,368,295 | $544K |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | New | 471,140 | $400K |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | Reduce -1.0% | 568,730 | $395K |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | New | 1,062,350 | $394K |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | Add +0.7% | 211,454 | $385K |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | New | 554,845 | $355K |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | Reduce -22.6% | 51,257 | $321K |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | New | 687,813 | $316K |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | New | 406,561 | $279K |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | Reduce -30.8% | 149,170 | $274K |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | Add +0.0% | 733,911 | $225K |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | New | 512,200 | $205K |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Sold out | 250,000 | $174Kbefore exit |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | Add +34.4% | 231,592 | $170K |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | Add +20.6% | 438,551 | $153K |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | Sold out | 187,585 | $118Kbefore exit |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | Add +364.5% | 48,932 | $115K |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | New | 56,866 | $115K |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | New | 164,350 | $113K |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | Add +308.7% | 252,283 | $98K |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | New | 699,290 | $97K |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | Add +92.3% | 174,262 | $91K |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | Reduce -13.1% | 260,059 | $91K |
| YOTAR Yotta Acquisition Corp. - RTS | RIGHT 03/15/2027 | Sold out | 497,412 | $88Kbefore exit |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | Reduce -41.3% | 42,591 | $85K |
| CLRRF Climaterock -RTS | RIGHT 10/31/2028 | Sold out | 350,000 | $70Kbefore exit |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | New | 237,350 | $65K |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | Sold out | 675,000 | $62Kbefore exit |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | New | 233,761 | $56K |
| MSSRF Metal SKY Star Acquisi-Right | RIGHT 12/31/2025 | Sold out | 600,000 | $54Kbefore exit |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | New | 95,631 | $54K |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | New | 726,048 | $53K |
| YOTAW Yotta Acquisition Corp. -27 | *W EXP 03/15/202 | Sold out | 800,012 | $44Kbefore exit |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | Sold out | 26,255 | $39Kbefore exit |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | New | 111,217 | $31K |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | Sold out | 704,071 | $28Kbefore exit |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | Reduce -2.8% | 380,604 | $26K |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | Add +233.5% | 71,410 | $21K |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | Sold out | 410,000 | $21Kbefore exit |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | New | 31,616 | $19K |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | Sold out | 675,000 | $19Kbefore exit |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | Sold out | 79,657 | $18Kbefore exit |
| NAMMW Namib Minerals | *W EXP 06/05/203 | New | 83,480 | $16K |
| IVAWF Investcorp India Acquisi -27 | *W EXP 06/01/202 | Sold out | 724,998 | $16Kbefore exit |
| GRMLW Anew Medical Inc. | *W EXP 06/21/202 | Sold out | 694,779 | $15Kbefore exit |
Showing the first 50 of 62.
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 | 226 | $3.2B | ASA, ECAT, BSTZ, NFJ, XGDVX |
| Q1 2026 | 223 | $3.1B | ASA, ECAT, PDX, XGDVX, NFJ |
| Q4 2025 | 199 | $2.9B | ECAT, ASA, XGDVX, PDX, GAM |
| Q3 2025 | 177 | $3.0B | ECAT, ASA, PDX, XGDVX, GAM |
| Q2 2025 | 178 | $3.6B | ECAT, BTX, PDX, XGDVX, BCAT |
| Q1 2025 | 140 | $3.6B | ECAT, BTX, BMEZ, PDX, BCAT |
| Q4 2024 | 143 | $3.9B | ECAT, BTX, BMEZ, BCAT, PDX |
| Q3 2024 | 167 | $4.5B | ECAT, BTX, BMEZ, BCAT, PDX |
| Q2 2024 | 185 | $4.5B | ECAT, BTX, BMEZ, BCAT, ADX |
| Q1 2024 | 184 | $4.5B | ECAT, BTX, BMEZ, BCAT, ADX |