Shaolin Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Shaolin Capital Management LLC reported 184 stock positions worth $761.2 million. Its top holding was Boeing (BA) at 11.5% of the portfolio, followed by Microchip Technology (MCHP, 3.8%) and Nextera Energy (NEE, 2.3%). Compared with Q3 2025, it opened 58 new positions, sold out of 11, added to 52 and reduced 67. The biggest buy was a new position in Boeing (BA) and the biggest sale an exit from Iren (IREN).
- Most Recent 13F
- Q2 2026
- Location
- Miami, FL
- CIK
- 0001766806
- Portfolio Value
- $761.2M (Q4 2025)
- SEC Filing
- 0001172661-26-001021 ↗ filed Feb 17, 2026
Holdings Value
Holdings 184 stocks · $761.2M
| BA The Boeing Co. | 11.53% | 404,369 | $87.8M | New |
| MCHP Microchip Technology Inc. | 3.83% | 457,313 | $29.1M | Add +141.6% |
| NEE Nextera Energy Inc. | 2.27% | 215,481 | $17.3M | Add +46.3% |
| ZTS Zoetis Inc. | 1.53% | 92,780 | $11.7M | New |
| DDOG Datadog Inc. Class A | 1.34% | 75,000 | $10.2M | Add +98.7% |
| SCIIU SC II Acquisition Corp. | 1.32% | 999,977 | $10.1M | New |
| BTDR Bitdeer Technologies Group-A | 1.21% | 823,500 | $9.2M | Reduce 0.0% |
| BCAR D. Boral Arc Acquisit Class A | 1.12% | 850,000 | $8.5M | Add +6.4% |
| CRAC Crown Reserve Acquisiti Class A | 1.04% | 800,000 | $8.0M | New |
| DNMX Dynamix Corp. III Class A | 1.04% | 800,000 | $7.9M | New |
| GSRF GSR IV Acquisition Corp. Class A | 0.95% | 725,000 | $7.2M | Reduce -19.4% |
| ALUB.U Alussa Energy Acquisition Co. | 0.93% | 699,876 | $7.1M | New |
| APXT Apex Treasury Corp. Class A | 0.84% | 650,000 | $6.4M | New |
| SDHI Siddhi Acquisition Corp. Class A | 0.81% | 600,000 | $6.2M | Add +45.9% |
| GTERA Globa Terra Acquisition Co. Class A | 0.80% | 600,000 | $6.1M | Add +10.0% |
| CRANU Crane Harbor Acquisition Cor | 0.79% | 600,000 | $6.0M | New |
| GPACU General Purpose Acquisition | 0.79% | 600,000 | $6.0M | New |
| HVMC Highview Merger Corp. Class A | 0.79% | 600,000 | $6.0M | Reduce -28.6% |
| RNGT Range Capital Acquisit Class A | 0.79% | 599,885 | $6.0M | New |
| AIIA AI Infrastructure Ac-A | 0.78% | 600,000 | $6.0M | New |
| NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I | 0.78% | 600,000 | $5.9M | New |
| NMP NMP Acquisition Corp. Class A | 0.76% | 575,000 | $5.8M | Reduce -11.5% |
| LCID Lucid Group Inc. | 0.75% | 536,930 | $5.7M | Add +10.4% |
| KCHV Kochav Defense Acquisition-A | 0.73% | 550,000 | $5.6M | Reduce -31.3% |
| PCAP Procap Acquisition Corp. Class A | 0.73% | 550,000 | $5.6M | Add +37.5% |
| HCACU Hall Chadwick Acquisition Co. | 0.72% | 550,000 | $5.5M | New |
| BLZR Trailblazer Acquisition Class A | 0.72% | 550,000 | $5.5M | Add +12.6% |
| MKLY McKinley Acquisition Co. Class A | 0.72% | 550,000 | $5.5M | No change |
| BEBE.U Tge Value Creative Solutions | 0.71% | 547,083 | $5.4M | New |
| EVOX Evolution Global Acquis Class A | 0.71% | 550,000 | $5.4M | New |
| COPL Copley Acquisition Corp. Class A | 0.69% | 510,000 | $5.2M | Add +13.3% |
| MBVI M3-Brigade Acquisition Class A | 0.68% | 520,690 | $5.2M | Reduce -19.9% |
| SVAQU Silicon Valley Acquisition C | 0.67% | 511,752 | $5.1M | New |
| IPCX Inflection Point Acquisiti-A | 0.67% | 500,000 | $5.1M | Add +66.7% |
| AACB Artius II Acquisition Inc. Class A | 0.66% | 490,000 | $5.0M | Add +31.8% |
| SBXE.U Silverbox Corp. V | 0.66% | 500,000 | $5.0M | New |
| PACH Pioneer Acquisition I Class A | 0.66% | 500,000 | $5.0M | Reduce -28.6% |
| VNME Vendome Acquisition Corp. Class A | 0.66% | 500,000 | $5.0M | Reduce -15.4% |
| VHCPU Vine Hill Capital Investment | 0.66% | 500,000 | $5.0M | New |
| SCPQU Social Commerce Partners Cor | 0.66% | 500,000 | $5.0M | New |
| DYOR Insight Digital Partners I-A | 0.65% | 498,656 | $4.9M | New |
| TDWD Tailwind 2.0 Acquisitio Class A | 0.65% | 500,000 | $4.9M | New |
| AEXA American Exceptionalism Class A | 0.64% | 425,000 | $4.8M | Add +21.4% |
| QUMS Quantumsphere Acquisition Co. | 0.63% | 480,000 | $4.8M | New |
| INAC Indigo Acquisition Corp. | 0.62% | 470,000 | $4.7M | Add +4.4% |
| TVAI Thayer Ventures Acquis Class A | 0.61% | 457,947 | $4.6M | Add +22.1% |
| CCII Cohen Circle Acquisit II - A | 0.61% | 450,510 | $4.6M | Add +14.0% |
| KBONU Karbon Capital Partners Corp. | 0.59% | 450,000 | $4.5M | New |
| OTGA Otg Acquisition Corp. I Class A | 0.59% | 446,395 | $4.5M | Reduce -61.2% |
| GTEN Gores Holdings X Inc. Class A | 0.57% | 425,000 | $4.4M | Reduce -5.6% |
| BOX Box Inc. Class A | 0.57% | 145,568 | $4.4M | Reduce -5.7% |
| WTG Wintergreen Acquisition Corp. | 0.57% | 425,000 | $4.3M | Add +20.5% |
| SPEG Silver Pegasus Acquisition-A | 0.56% | 425,000 | $4.3M | Reduce -5.6% |
| DMII Drugs Made in America Acquis | 0.55% | 425,000 | $4.2M | Reduce -46.9% |
| CAEP Cantor Equity Partners III-A | 0.55% | 410,366 | $4.2M | Add +700.8% |
| JACS Jackson Acquisition Co. Class A | 0.55% | 400,000 | $4.2M | Add +166.7% |
| NWAX.U New America Acquisition I Co. | 0.55% | 400,000 | $4.2M | New |
| MLAC Mountain Lake Acquisition-A | 0.55% | 399,998 | $4.2M | New |
| NPAC New Providence Acquisition-A | 0.54% | 400,000 | $4.1M | Reduce -5.9% |
| TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V | 0.54% | 397,000 | $4.1M | Add +32.3% |
| LCCC Lakeshore Acquisition III Co. | 0.54% | 401,232 | $4.1M | Add +14.6% |
| JENA Jena Acquisition Corp. II - A | 0.53% | 400,000 | $4.1M | No change |
| DAAQ Digital Asset Acquisiti Class A | 0.53% | 400,000 | $4.1M | Add +119.7% |
| SZZL Sizzle Acquisition Corp. Class A | 0.53% | 400,000 | $4.1M | Reduce -8.0% |
| GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I | 0.53% | 400,000 | $4.1M | Reduce -42.9% |
| CHPG Championsgate Acquisitio-A | 0.53% | 397,637 | $4.1M | Add +10.4% |
| EVAC Eqv Ventures Acquisition C-A | 0.53% | 400,000 | $4.0M | Reduce -33.3% |
| LWAC Lightwave Acquisition Corp. Class A | 0.53% | 400,000 | $4.0M | Reduce -20.0% |
| LPCVU Launchpad Cadenza Acquisitio | 0.52% | 400,000 | $4.0M | New |
| YCY Aa Mission Acquisition-A | 0.52% | 400,000 | $4.0M | New |
| LATA Galata Acqu Corp. II Class A | 0.52% | 400,000 | $4.0M | Reduce -11.1% |
| BDCI BTC Development Corp. Class A | 0.52% | 397,348 | $4.0M | Reduce -11.6% |
| OACC Oaktree Acquisition Corp. I-A | 0.52% | 375,000 | $4.0M | Add +6.9% |
| TWLVU Twelve Seas Investment Co. II | 0.51% | 393,258 | $3.9M | New |
| SSEA Starry Sea Acquisition Corp. | 0.50% | 381,294 | $3.8M | New |
| PAII Pyrophyte Acquisition Corp. Class A | 0.50% | 379,263 | $3.8M | Reduce -24.1% |
| WENN Wen Acquisition Corp. Class A | 0.50% | 375,000 | $3.8M | Reduce -6.3% |
| AEAQU Activate Energy Acquisition | 0.49% | 375,000 | $3.7M | New |
| LAFA Lafayette Acquisition Corp. | 0.49% | 375,000 | $3.7M | New |
| IGACU Invest Green Acquisition Cor | 0.48% | 368,023 | $3.7M | New |
| DSACU Daedalus Special Acquisition | 0.48% | 366,860 | $3.7M | New |
| KFII K&F Growth Acquisition Cor-A | 0.48% | 350,000 | $3.6M | Reduce -13.0% |
| GSHR Gesher Acquisition Corp. II-A | 0.47% | 350,000 | $3.6M | No change |
| TACH Titan Acquisition Corp. Class A | 0.47% | 350,000 | $3.6M | Add +16.7% |
| ORIQ Origin Investment Corp. I | 0.47% | 350,000 | $3.5M | Reduce -12.5% |
| HAVAU Harvard Ave Acquisition Corp. | 0.46% | 350,000 | $3.5M | New |
| SAC.U Safeguard Acquisition Corp. | 0.46% | 350,000 | $3.5M | New |
| BCSS Bain Capital GSS Inv- A | 0.46% | 350,000 | $3.5M | Reduce -18.6% |
| LFACU Leapfrog Acquisition Corp. | 0.46% | 350,000 | $3.5M | New |
| MESHU Meshflow Acquisition Corp. | 0.46% | 350,000 | $3.5M | New |
| ADACU American Drive Acquisition C | 0.46% | 350,000 | $3.5M | New |
| BIXIU Bitcoin Infrastructure Acqui | 0.46% | 350,112 | $3.5M | New |
| KOYN CSLM Digital Asset Acqu - A | 0.46% | 350,000 | $3.5M | Reduce -12.5% |
| FTW Eqv Ventures Acquisition C-A | 0.45% | 329,946 | $3.5M | Add +31.8% |
| SOCA Solarius Capital Acquis Class A | 0.45% | 342,467 | $3.4M | Reduce -43.4% |
| EGHA Egh Acquisition Co. Class A | 0.44% | 333,017 | $3.4M | Reduce -16.8% |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 0.44% | 325,000 | $3.3M | Reduce -35.0% |
| OBA Oxley Bridge Acquisitio Class A | 0.43% | 325,000 | $3.3M | Add +30.0% |
| LPAA Launch One Acquisition Corp. | 0.42% | 300,000 | $3.2M | Reduce -25.0% |
| BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I | 0.41% | 300,000 | $3.1M | Reduce -45.2% |
Options reported separately and not counted above: LCID puts ($130.7M), APO puts ($98.7M), KIE puts ($75.2M), NBIS puts ($56.5M), PAAS puts ($51.8M), HPE puts ($50.7M), CRWV puts ($46.5M), IREN puts ($28.3M), ASTS puts ($10.9M), PCT puts ($9.8M), FOUR puts ($9.4M), DDOG calls ($8.5M), and 7 more.
Other holdings (202): bonds, preferreds, convertibles and warrants · $1.9B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 3,565,000 | $269.1M | Add +25.1% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 66,160,000 | $189.3M | Add +4.2% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 2,839,228 | $188.5M | Add +11.2% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 168,500,000 | $173.8M | Add +8.4% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 145,000,000 | $150.4M | Add +480.0% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 132,812,000 | $135.7M | Add +43.5% |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | 45,000,000 | $76.1M | Reduce -6.7% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 63,000,000 | $67.4M | Add +404.0% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 60,000,000 | $67.0M | New |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 44,256,000 | $59.3M | Add +16.2% |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | 38,905,000 | $57.1M | Add +34.2% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 53,280,000 | $52.8M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 500,000 | $39.9M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 30,000,000 | $38.0M | New |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 27,500,000 | $37.7M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 36,000,000 | $36.3M | Reduce -52.0% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 33,240,000 | $33.3M | Reduce -24.4% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 30,000,000 | $30.7M | New |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 26,750,000 | $26.9M | Add +0.6% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 15,000,000 | $25.1M | Reduce -63.6% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 442,208 | $22.8M | Reduce -17.3% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 17,500,000 | $17.3M | Add +150.0% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 15,000,000 | $15.1M | New |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 21,813,000 | $14.9M | Reduce -2.0% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 8,050,000 | $9.1M | New |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 145,524 | $8.7M | Add +91.5% |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 5,848,000 | $8.6M | New |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 6,000,000 | $6.5M | Add +20.0% |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 150,000 | $672K | Reduce -47.4% |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 746,538 | $664K | Add +49.3% |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 600,000 | $525K | Add +33.3% |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 225,000 | $461K | No change |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 545,702 | $401K | Reduce -12.8% |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 467,206 | $369K | Reduce -32.6% |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 350,000 | $345K | Reduce -12.5% |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 400,000 | $320K | Reduce -11.1% |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 90,000 | $319K | Reduce -10.0% |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 175,000 | $315K | Reduce -56.3% |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 197,510 | $306K | Reduce -43.9% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 200,000 | $306K | Reduce -33.3% |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 800,000 | $302K | Reduce -4.1% |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | 121,427 | $289K | Reduce -5.7% |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 300,000 | $279K | Add +10.2% |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | 500,000 | $275K | Reduce -16.6% |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 500,000 | $275K | Reduce -9.1% |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 450,000 | $270K | Reduce -10.0% |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | 372,200 | $261K | New |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 355,000 | $241K | Add +215.9% |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 350,000 | $240K | Add +12.9% |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 331,434 | $235K | Add +4.5% |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 282,211 | $226K | Reduce -19.4% |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 550,000 | $220K | Reduce -4.3% |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 650,000 | $215K | Reduce -13.3% |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 691,832 | $214K | Reduce -1.2% |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 386,158 | $212K | Add +6.9% |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 438,373 | $189K | Add +57.2% |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | 300,000 | $187K | Add +28.7% |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 744,332 | $186K | Add +6.3% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 203,415 | $183K | Reduce -37.4% |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 514,541 | $180K | New |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 | 500,000 | $179K | New |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 394,889 | $178K | Reduce -1.3% |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 200,000 | $177K | Reduce -19.9% |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 550,000 | $176K | Reduce -8.3% |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 491,192 | $172K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 525,000 | $168K | Reduce -4.5% |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 850,000 | $166K | Add +8.3% |
| BCARW D Boral Arc Acquisition - 30 | *W EXP 07/23/203 | 450,000 | $163K | Reduce -9.9% |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 650,000 | $163K | Reduce -7.1% |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 404,899 | $162K | Add +4.5% |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 300,000 | $159K | Reduce -20.0% |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 429,428 | $159K | Add +98.4% |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 600,000 | $156K | Add +6.0% |
| OTGAW Otg Acquisition Corp. I - 30 | *W EXP 09/05/203 | 484,432 | $155K | Reduce -15.8% |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 642,619 | $154K | Add +24.7% |
| NMPAR NMP Acquisition Corp. | RIGHT 06/27/2030 | 766,000 | $154K | Add +2.1% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 300,000 | $150K | Add +73.1% |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 423,493 | $148K | Add +6.3% |
| CRACR Crown Reserve Acquisitio-RTS | RIGHT 10/06/2030 | 800,000 | $144K | New |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 517,966 | $140K | Add +15.1% |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 650,000 | $137K | Reduce -7.1% |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 300,000 | $135K | Add +9.1% |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 494,513 | $134K | Reduce -10.1% |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 361,000 | $134K | Add +3.1% |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 | 479,999 | $133K | New |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 275,998 | $133K | Add +69.7% |
| DYORW Insight Digital Partners II | *W EXP 10/28/203 | 398,681 | $132K | New |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | 800,000 | $131K | New |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 1,000,000 | $130K | Reduce -16.7% |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 269,610 | $129K | Reduce -5.5% |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 476,503 | $129K | No change |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 550,000 | $126K | Reduce -8.3% |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 450,000 | $126K | Reduce -52.6% |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 375,298 | $124K | No change |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | 450,000 | $124K | Add +5.8% |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | 475,000 | $124K | New |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 272,905 | $123K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 300,000 | $123K | Reduce -45.4% |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | 452,633 | $122K | Add +7.8% |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | 275,000 | $121K | New |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 368,716 | $119K | Add +5.3% |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 562,750 | $118K | Add +2.3% |
| QSEAR Quartzsea Acquisition Corp. | RIGHT 02/18/2030 | 575,000 | $115K | Add +15.0% |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 479,500 | $115K | Reduce -26.2% |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 357,364 | $114K | Add +1.8% |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 450,000 | $113K | Reduce -18.2% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 600,000 | $112K | Add +4.3% |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 353,486 | $112K | Add +2.8% |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 350,000 | $110K | Add +16.7% |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 425,000 | $106K | Reduce -15.0% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 509,376 | $104K | Add +0.1% |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | 202,458 | $101K | Add +86.9% |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 299,914 | $101K | Add +8.9% |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 198,014 | $100K | Add +3.3% |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 122,145 | $99K | Add +89.5% |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | 350,000 | $98K | Add +21.1% |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 309,697 | $98K | Reduce -4.7% |
| ALISR Calisa Acquisition Corp. | RIGHT 09/11/2030 | 200,000 | $97K | New |
| QUMSR Quantumsphere Acquisition Co. | RIGHT 08/06/2030 | 460,000 | $97K | New |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | 299,942 | $96K | New |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 307,701 | $95K | Add +108.7% |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 502,554 | $93K | Add +0.0% |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 370,000 | $93K | Reduce -15.1% |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 450,000 | $90K | No change |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 275,000 | $89K | Reduce -21.4% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 151,661 | $88K | Add +51.7% |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 350,014 | $88K | Add +6.1% |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 300,000 | $87K | Reduce -14.5% |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 320,200 | $86K | No change |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | 130,000 | $85K | Add +51.2% |
| SPEGR Silver Pegasus Acquisition C | RIGHT 06/26/2030 | 350,000 | $84K | Reduce -12.5% |
| NSTR.WS Viking Acquisition Corp. I | *W EXP 11/03/203 | 199,999 | $84K | New |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 398,553 | $84K | Reduce -0.4% |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 222,583 | $83K | Add +59.8% |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 115,000 | $82K | No change |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 269,921 | $81K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 461,362 | $78K | Add +2.5% |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 310,413 | $78K | Reduce -17.0% |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 105,544 | $74K | Add +5.5% |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 525,000 | $74K | Reduce -34.4% |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 285,000 | $73K | Add +5.0% |
| VNMEW Vendome Acquisition Corp. I | *W EXP 07/03/202 | 287,498 | $72K | No change |
| INACR Indigo Acquisition Corp. | RIGHT 04/02/2027 | 450,000 | $72K | Reduce -10.0% |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 52,666 | $68K | Add +5.3% |
| MKLYR McKinley Acquisition Corp. | RIGHT 07/25/2030 | 525,000 | $68K | Reduce -4.5% |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 150,000 | $68K | Reduce -22.2% |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 156,099 | $62K | Add +56.1% |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 355,200 | $62K | Reduce -9.7% |
| LATAW Galata Acquisition Corp. - 30 | *W EXP 09/12/203 | 150,100 | $60K | Add +0.2% |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 270,000 | $59K | Add +10.2% |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | 425,000 | $57K | New |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 500,000 | $56K | New |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 150,000 | $56K | Reduce -24.7% |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 350,000 | $56K | Reduce -8.7% |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 199,555 | $56K | No change |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 325,000 | $55K | No change |
| GTERR Globa Terra Acquisition-RTS | RIGHT 06/17/2030 | 420,000 | $55K | Reduce -11.0% |
| GTERW Globa Terra Acquisition - 30 | *W EXP 06/17/203 | 425,000 | $53K | Add +5.8% |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | 353,053 | $53K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 235,000 | $51K | Add +4.4% |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | 300,000 | $50K | Reduce -18.9% |
| SSEAR Starry Sea Acquisition C-RTS | RIGHT 07/07/2030 | 230,000 | $49K | Reduce -8.0% |
| HSPTR Horizon Space Acquisition II | RIGHT 03/30/2026 | 368,411 | $47K | Add +18.8% |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 200,068 | $46K | Add +14.3% |
| YCY.WS Aa Mission Acquisition -31 | *W EXP 07/23/203 | 200,000 | $44K | New |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 299,234 | $42K | Reduce -0.3% |
| LKSPR Lake Superior Acquisition Co. | RIGHT 09/19/2030 | 21,427 | $42K | New |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | 275,000 | $42K | New |
| AENTW Adara Acquisition Class A -CW26 | *W EXP 02/11/202 | 48,100 | $41K | New |
| ORIQW Origin Investment Corp. I -30 | *W EXP 06/27/203 | 212,888 | $41K | Add +6.4% |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | 66,664 | $39K | Reduce -12.3% |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 300,000 | $39K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 250,081 | $35K | Add +0.0% |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 175,000 | $35K | Add +9.4% |
| BSAAR Best Spac I Acquisition - RT | RIGHT 05/27/2030 | 227,000 | $34K | Add +354.0% |
| CRACW Crown Reserve Acquisition Co. | *W EXP 10/06/203 | 400,000 | $34K | New |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 199,893 | $34K | Add +6.9% |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 56,804 | $33K | Add +184.9% |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 | 200,000 | $32K | New |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 75,000 | $31K | New |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 200,000 | $30K | Reduce -27.5% |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 250,000 | $30K | New |
| KRSP.WS Rice Acquisition Corp. 3 | *W EXP 99/99/999 | 34,762 | $28K | New |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | 37,499 | $27K | Add +50.0% |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | 130,000 | $26K | Reduce -35.0% |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 100,000 | $24K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 100,000 | $23K | Reduce -37.3% |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 300,000 | $22K | Add +33.3% |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 50,000 | $21K | Reduce -50.0% |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 100,000 | $20K | Reduce -25.3% |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 115,000 | $16K | Reduce -33.6% |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 40,000 | $16K | Reduce -42.9% |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 75,000 | $15K | Add +15.4% |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 150,000 | $14K | New |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 156,498 | $13K | Reduce -35.5% |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 | 175,000 | $12K | Reduce -16.1% |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 90,000 | $7K | Reduce -35.2% |
| FUSEW CSLM Holdings Inc. - 30 | *W EXP 10/22/203 | 100,000 | $6K | New |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 94,328 | $5K | Add +2.3% |
| LVRWF Lavoro Ltd.-27 | *W EXP 02/27/202 | 400,000 | $4K | New |
Largest 200 of 202 shown.
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q3 2025 → Q4 2025
| IREN Iren Ltd. | Sold out | 0.00% | −3.44 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −3.21 |
| OTGA Otg Acquisition Corp. I Class A | Reduce -61.2% | 0.59% | −1.61 |
| BTDR Bitdeer Technologies Group-A | Reduce 0.0% | 1.21% | −1.45 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −1.45 |
| BRR Columbus Circle Capital Co. Class A | Sold out | 0.00% | −1.31 |
| DMII Drugs Made in America Acquis | Reduce -46.9% | 0.55% | −0.95 |
| GFUZ General Fusion Group Ltd. | Reduce -42.9% | 0.53% | −0.83 |
| HVMC Highview Merger Corp. Class A | Reduce -28.6% | 0.79% | −0.82 |
| KCHV Kochav Defense Acquisition-A | Reduce -31.3% | 0.73% | −0.79 |
| GSRF GSR IV Acquisition Corp. Class A | Reduce -19.4% | 0.95% | −0.78 |
| CVLT Commvault Systems Inc. | Sold out | 0.00% | −0.72 |
| MTSI Macom Technology Solutions H | Sold out | 0.00% | −0.71 |
| SOCA Solarius Capital Acquis Class A | Reduce -43.4% | 0.45% | −0.69 |
| ANSC Agriculture & Natural Soluti | Reduce -75.0% | 0.15% | −0.68 |
| PACH Pioneer Acquisition I Class A | Reduce -28.6% | 0.66% | −0.66 |
| BLUW Blue Water Acquisition C-A | Reduce -45.2% | 0.41% | −0.63 |
| EVAC Eqv Ventures Acquisition C-A | Reduce -33.3% | 0.53% | −0.60 |
| MBVI M3-Brigade Acquisition Class A | Reduce -19.9% | 0.68% | −0.56 |
| AXIN Axiom Intelligence Class A | Reduce -45.6% | 0.32% | −0.53 |
| FAC Factorial Energy Inc. | Reduce -35.0% | 0.44% | −0.51 |
| FIGX Figx Capital Acquisition C-A | Reduce -39.1% | 0.35% | −0.47 |
| NMP NMP Acquisition Corp. Class A | Reduce -11.5% | 0.76% | −0.47 |
| VNME Vendome Acquisition Corp. Class A | Reduce -15.4% | 0.66% | −0.45 |
| PAII Pyrophyte Acquisition Corp. Class A | Reduce -24.1% | 0.50% | −0.44 |
| VLOS Velos Acquisition I Corp. | Reduce -65.1% | 0.14% | −0.43 |
| SOUL Soulpower Acquisition Co. Class A | Reduce -37.5% | 0.33% | −0.43 |
| CHEC Chenghe Acquisition II Class A | Reduce -35.0% | 0.34% | −0.42 |
| CCIX Churchill Capital Corp. Ix | Reduce -42.9% | 0.28% | −0.42 |
| LWAC Lightwave Acquisition Corp. Class A | Reduce -20.0% | 0.53% | −0.42 |
| HCMA HCM III Acquisition Cor Class A | Reduce -32.5% | 0.33% | −0.38 |
| LPAA Launch One Acquisition Corp. | Reduce -25.0% | 0.42% | −0.38 |
| BOX Box Inc. Class A | Reduce -5.7% | 0.57% | −0.37 |
| MRLN Merlin Inc. | Reduce -48.7% | 0.21% | −0.36 |
| BCSS Bain Capital GSS Inv- A | Reduce -18.6% | 0.46% | −0.36 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.35 |
| PMTR Perimeter Acquis Corp. I Class A | Reduce -32.8% | 0.31% | −0.35 |
| BACC Blue Acquisition Corp. Class A | Reduce -38.4% | 0.26% | −0.34 |
| BDCI BTC Development Corp. Class A | Reduce -11.6% | 0.52% | −0.34 |
| LATA Galata Acqu Corp. II Class A | Reduce -11.1% | 0.52% | −0.33 |
| HAYMAKER ACQUISITION CORP 4 | Reduce -23.1% | 0.37% | −0.32 |
| XRPN Armada Acquisition Class A | Reduce -33.3% | 0.27% | −0.32 |
| FACT Fact II Acquisition Corp. | Reduce -34.2% | 0.27% | −0.32 |
| VACH Voyager Acquisition Corp. | Reduce -33.3% | 0.28% | −0.32 |
| EGHA Egh Acquisition Co. Class A | Reduce -16.8% | 0.44% | −0.32 |
| KOYN CSLM Digital Asset Acqu - A | Reduce -12.5% | 0.46% | −0.31 |
| KFII K&F Growth Acquisition Cor-A | Reduce -13.0% | 0.48% | −0.30 |
| GTEN Gores Holdings X Inc. Class A | Reduce -5.6% | 0.57% | −0.30 |
| SZZL Sizzle Acquisition Corp. Class A | Reduce -8.0% | 0.53% | −0.30 |
| ORIQ Origin Investment Corp. I | Reduce -12.5% | 0.47% | −0.30 |
Portfolio Buys Q3 2025 → Q4 2025
| BA The Boeing Co. | New | 11.53% | +11.53 |
| ZTS Zoetis Inc. | New | 1.53% | +1.53 |
| MCHP Microchip Technology Inc. | Add +141.6% | 3.83% | +1.53 |
| SCIIU SC II Acquisition Corp. | New | 1.32% | +1.32 |
| CRAC Crown Reserve Acquisiti Class A | New | 1.04% | +1.04 |
| DNMX Dynamix Corp. III Class A | New | 1.04% | +1.04 |
| ALUB.U Alussa Energy Acquisition Co. | New | 0.93% | +0.93 |
| APXT Apex Treasury Corp. Class A | New | 0.84% | +0.84 |
| CRANU Crane Harbor Acquisition Cor | New | 0.79% | +0.79 |
| GPACU General Purpose Acquisition | New | 0.79% | +0.79 |
| RNGT Range Capital Acquisit Class A | New | 0.79% | +0.79 |
| AIIA AI Infrastructure Ac-A | New | 0.78% | +0.78 |
| NSTR Northstar Earth & Space Ente | New | 0.78% | +0.78 |
| HCACU Hall Chadwick Acquisition Co. | New | 0.72% | +0.72 |
| BEBE.U Tge Value Creative Solutions | New | 0.71% | +0.71 |
| EVOX Evolution Global Acquis Class A | New | 0.71% | +0.71 |
| SVAQU Silicon Valley Acquisition C | New | 0.67% | +0.67 |
| SBXE.U Silverbox Corp. V | New | 0.66% | +0.66 |
| VHCPU Vine Hill Capital Investment | New | 0.66% | +0.66 |
| SCPQU Social Commerce Partners Cor | New | 0.66% | +0.66 |
| DYOR Insight Digital Partners I-A | New | 0.65% | +0.65 |
| TDWD Tailwind 2.0 Acquisitio Class A | New | 0.65% | +0.65 |
| QUMS Quantumsphere Acquisition Co. | New | 0.63% | +0.63 |
| KBONU Karbon Capital Partners Corp. | New | 0.59% | +0.59 |
| NWAX.U New America Acquisition I Co. | New | 0.55% | +0.55 |
| MLAC Mountain Lake Acquisition-A | New | 0.55% | +0.55 |
| LPCVU Launchpad Cadenza Acquisitio | New | 0.52% | +0.52 |
| YCY Aa Mission Acquisition-A | New | 0.52% | +0.52 |
| TWLVU Twelve Seas Investment Co. II | New | 0.51% | +0.51 |
| SSEA Starry Sea Acquisition Corp. | New | 0.50% | +0.50 |
| AEAQU Activate Energy Acquisition | New | 0.49% | +0.49 |
| LAFA Lafayette Acquisition Corp. | New | 0.49% | +0.49 |
| IGACU Invest Green Acquisition Cor | New | 0.48% | +0.48 |
| DSACU Daedalus Special Acquisition | New | 0.48% | +0.48 |
| HAVAU Harvard Ave Acquisition Corp. | New | 0.46% | +0.46 |
| SAC.U Safeguard Acquisition Corp. | New | 0.46% | +0.46 |
| LFACU Leapfrog Acquisition Corp. | New | 0.46% | +0.46 |
| MESHU Meshflow Acquisition Corp. | New | 0.46% | +0.46 |
| ADACU American Drive Acquisition C | New | 0.46% | +0.46 |
| BIXIU Bitcoin Infrastructure Acqui | New | 0.46% | +0.46 |
| CAEP Cantor Equity Partners III-A | Add +700.8% | 0.55% | +0.45 |
| CCXIU Churchill Capital Corp. Xi | New | 0.40% | +0.40 |
| LKSP Lake Superior Acquisiti Class A | New | 0.39% | +0.39 |
| EMIS Emmis Acquisition Corp. Class A | New | 0.34% | +0.34 |
| BLRKU Bluerock Acquisition Corp. | New | 0.33% | +0.33 |
| MMTXU Miluna Acquisition Corp. | New | 0.33% | +0.33 |
| IRHOU Iron Horse Acquisition II Co. | New | 0.33% | +0.33 |
| DDOG Datadog Inc. Class A | Add +98.7% | 1.34% | +0.32 |
| BPACU Blueport Acquisition Ltd. | New | 0.30% | +0.30 |
| APAC Stonebridge Acquisition Class A | New | 0.26% | +0.26 |
Options Activity Q3 2025 → Q4 2025
| LCID Lucid Group Inc. | put | Add +644.4% | 12,360,600 | $130.7M |
| APO Apollo Global Management Inc. | put | New | 682,100 | $98.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 125,000 | $83.3Mbefore exit |
| KIE SS SPDR S&P Insurance ETF | put | New | 1,250,000 | $75.2M |
| NBIS Nebius Group NV | put | New | 675,000 | $56.5M |
| PAAS Pan American Silver Corp. | put | Add +300.0% | 1,000,000 | $51.8M |
| HPE Hewlett Packard Enterprise | put | Add +322.1% | 2,110,500 | $50.7M |
| CRWV Coreweave Inc. Class A | put | New | 650,000 | $46.5M |
| IREN Iren Ltd. | put | New | 750,000 | $28.3M |
| BTU Peabody Energy Corp. | call | Sold out | 750,000 | $19.4Mbefore exit |
| NEE Nextera Energy Inc. | call | Sold out | 250,000 | $18.9Mbefore exit |
| ASTS Ast Spacemobile Inc. | put | New | 150,000 | $10.9M |
| PCT Purecycle Technologies Inc. | put | Add +1.6% | 1,143,500 | $9.8M |
| DDOG Datadog Inc. Class A | call | Add +150.0% | 62,500 | $8.5M |
| BTDR Bitdeer Technologies Group-A | put | New | 500,000 | $5.6M |
| DDOG Datadog Inc. Class A | put | New | 25,000 | $3.4M |
| MCHP Microchip Technology Inc. | call | Reduce -33.3% | 50,000 | $3.2M |
| GME Gamestop Corp. Class A | call | Sold out | 75,000 | $2.0Mbefore exit |
| SPCE Virgin Galactic Holdings Inc. | put | New | 132,000 | $424K |
| WOLF Wolfspeed Inc. | put | New | 21,500 | $374K |
| DVAX Dynavax Technologies Corp. | call | New | 10,900 | $168K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +25.1% | 3,565,000 | $269.1M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Add +4.2% | 66,160,000 | $189.3M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +11.2% | 2,839,228 | $188.5M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +8.4% | 168,500,000 | $173.8M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +480.0% | 145,000,000 | $150.4M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +43.5% | 132,812,000 | $135.7M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Sold out | 1,454,795 | $102.5Mbefore exit |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | Reduce -6.7% | 45,000,000 | $76.1M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Add +404.0% | 63,000,000 | $67.4M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | New | 60,000,000 | $67.0M |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | Add +16.2% | 44,256,000 | $59.3M |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | Add +34.2% | 38,905,000 | $57.1M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 44,500,000 | $54.3Mbefore exit |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | New | 53,280,000 | $52.8M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 32,500,000 | $44.4Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 500,000 | $39.9M |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | New | 30,000,000 | $38.0M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | New | 27,500,000 | $37.7M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -52.0% | 36,000,000 | $36.3M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Sold out | 35,000,000 | $34.6Mbefore exit |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Reduce -24.4% | 33,240,000 | $33.3M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | New | 30,000,000 | $30.7M |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | Add +0.6% | 26,750,000 | $26.9M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Reduce -63.6% | 15,000,000 | $25.1M |
| Q2 HOLDINGS INC (QTWO 0.125 11/15/25) | NOTE 0.125%11/1 · principal | Sold out | 23,175,000 | $23.0Mbefore exit |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -17.3% | 442,208 | $22.8M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Add +150.0% | 17,500,000 | $17.3M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 15,000,000 | $15.1M |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | Reduce -2.0% | 21,813,000 | $14.9M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 11,600,000 | $12.2Mbefore exit |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | New | 8,050,000 | $9.1M |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Add +91.5% | 145,524 | $8.7M |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | New | 5,848,000 | $8.6M |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | Add +20.0% | 6,000,000 | $6.5M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Sold out | 105,753 | $6.3Mbefore exit |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | Sold out | 4,500,000 | $5.3Mbefore exit |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Sold out | 4,500,000 | $902Kbefore exit |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | Reduce -47.4% | 150,000 | $672K |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | Add +49.3% | 746,538 | $664K |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | Sold out | 175,000 | $621Kbefore exit |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | Add +33.3% | 600,000 | $525K |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | Reduce -12.8% | 545,702 | $401K |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | Sold out | 43,507 | $369Kbefore exit |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | Reduce -32.6% | 467,206 | $369K |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | Sold out | 300,000 | $360Kbefore exit |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | Reduce -12.5% | 350,000 | $345K |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | Sold out | 255,000 | $332Kbefore exit |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | Reduce -11.1% | 400,000 | $320K |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | Reduce -10.0% | 90,000 | $319K |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | Reduce -56.3% | 175,000 | $315K |
Showing the first 50 of 215.
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 | 262 | $877.1M | KKR, BOX, SO, BTDR, GSRVU |
| Q1 2026 | 233 | $899.9M | KKR, BA, SO, BOX, NEE |
| Q4 2025 | 184 | $761.2M | BA, MCHP, NEE, ZTS, DDOG |
| Q3 2025 | 140 | $527.8M | IREN, WOLF, BTDR, MCHP, OTGAU |
| Q2 2025 | 107 | $378.1M | NEE, MCHP, GTEN, BLUWU, JENA.U |
| Q1 2025 | 46 | $285.1M | NEE, BA, LOKVU, MSTR, RAC.U |
| Q4 2024 | 51 | $356.0M | NEE, MSTR, BA, SPY, GSRTU |
| Q3 2024Amended | 51 | $235.7M | NEE, MSTR, FTW.U, VACHU, AAM |
| Q2 2024 | 69 | $261.0M | NEE, PANW, RRACF, RENEF, USAR |
| Q1 2024Amended | 72 | $245.7M | MSTR, NEE, SOFI, LEGT.U, RENEF |