In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Tetragon Partners GP Ltd reported 11 stock positions worth $211.9 million . Its top holding was Uipath Class A (PATH) at 26.7% of the portfolio, followed by Autolus Therapeutics (AUTL, 22.7% ) and Sprinklr Class A (CXM, 12.7% ). Compared with Q4 2023, it sold out of 3, added to 3 and reduced 4. The biggest buy was Uipath Class A (PATH, shares +9% ) and the biggest sale an exit from Takeda Pharmaceutic-SP ADR (TAK).
Location GRAND CAYMAN, E9
CIK 0001515070
Portfolio Value $211.9M (Q1 2024) Holdings 11 stocks · $211.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 PATH Uipath Inc. Class A 2,500,000 $56.7M Add +8.7% AUTL Autolus Therapeutics PLC 7,525,682 $48.0M Reduce -5.9% CXM Sprinklr Inc. Class A 2,200,000 $27.0M No change KGEI Kolibri Global Energy Inc. 7,070,568 $22.1M No change BALY Bally's Corp. 1,500,000 $20.9M No change TARS Tarsus Pharmaceuticals Inc. 450,000 $16.4M Reduce -43.8% LYFT LYFT Inc. Class A 600,000 $11.6M Reduce -72.7% HYG Ishr Ibx Usd Hiyld CB ETF-Ui 77,831 $6.0M Add +118.0% SNOW Snowflake Inc. 10,000 $1.6M No change TECK Teck Resources Ltd.-CLS B 25,487 $1.2M Add +24.1% OTLY Oatly Group AB 373,800 $422K Reduce -80.2%
Options reported separately and not counted above: HYG puts ($77.7M).
Other holdings (18): bonds, preferreds, convertibles and warrants · $151.8M (not counted above) Security Class Shares / Principal Value Change CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal 20,000,000 $31.8M Add +75.8% FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal 36,920,000 $29.2M Add +720.4% LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 31,309,000 $24.3M Reduce -2.5% NCL CORPORATION LTD (NCLH 6 05/15/24) NOTE 6.000% 5/1 · principal 12,062,000 $18.7M No change EAGLE BULK SHIPPING INC (EGLE 5 08/01/24) NOTE 5.000% 8/0 · principal 7,031,000 $14.0M No change SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal 13,500,000 $12.3M New MARCUS CORPORATION (MCS 5 09/15/25) NOTE 5.000% 9/1 · principal 5,000,000 $7.2M No change ATI INC (ATI 3.5 06/15/25) NOTE 3.500% 6/1 · principal 1,750,000 $5.8M Reduce -56.3% CUTERA INC (CUTR 2.25 06/01/28) NOTE 2.250% 6/0 · principal 13,500,000 $3.2M No change PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal 2,500,000 $2.6M New NE.WS Noble Corp. PLC-28 *W EXP 02/04/202 45,691 $1.3M Add +53.5% CUTERA INC (CUTR 4 06/01/29) NOTE 4.000% 6/0 · principal 5,019,000 $1.1M No change HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 46,204 $205K No change DSX.WS Diana Shipping Inc.-28 *W EXP 12/14/202 78,873 $38K New JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 24,121 $5K No change SLMWF Slam Corp.-A -CW27 *W EXP 99/99/999 25,020 $5K No change BLUAW Blueriver Acquisit A -CW26 *W EXP 01/04/202 16,639 $1K No change SONWQ Gores Metropoulos II -CW28 *W EXP 01/18/202 18,898 $153 No change
Total filed on the 13F, all lines: $363.7M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ TAK Takeda Pharmaceutic-SP ADR Sold out 0.00% −9.49 AYX Alteryx Inc. Class A Sold out 0.00% −6.59 LYFT LYFT Inc. Class A Reduce -72.7% 5.48% −6.04 OTLY Oatly Group AB Reduce -80.2% 0.20% −0.58 ALB Albemarle Corp. Sold out 0.00% −0.12 TARS Tarsus Pharmaceuticals Inc. Reduce -43.8% 7.72% +2.06 AUTL Autolus Therapeutics PLC Reduce -5.9% 22.65% +4.66
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ PATH Uipath Inc. Class A Add +8.7% 26.74% +6.79 HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +118.0% 2.85% +1.89 TECK Teck Resources Ltd.-CLS B Add +24.1% 0.55% +0.25
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 1,000,000 $77.7M HYG Ishr Ibx Usd Hiyld CB ETF-Ui call Sold out 275,000 $21.3Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal Add +75.8% 20,000,000 $31.8M FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal Add +720.4% 36,920,000 $29.2M LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal Reduce -2.5% 31,309,000 $24.3M SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal New 13,500,000 $12.3M CHART INDUSTRIES INC (GTLS 1 11/15/24) NOTE 1.000%11/1 · principal Sold out 3,000,000 $7.0Mbefore exit ATI INC (ATI 3.5 06/15/25) NOTE 3.500% 6/1 · principal Reduce -56.3% 1,750,000 $5.8M PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal New 2,500,000 $2.6M NE.WS Noble Corp. PLC-28 *W EXP 02/04/202 Add +53.5% 45,691 $1.3M DSX.WS Diana Shipping Inc.-28 *W EXP 12/14/202 New 78,873 $38K ROSS.WS Ross Acquisition Corp. -CW26 *W EXP 02/01/202 Sold out 50,164 $3Kbefore exit
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 32 $614.3M PATH, KGEI, AUTL, LYFT, DFTX Q1 2026 34 $508.9M PATH, KGEI, WBD, WK, LYFT Q4 2025 28 $474.3M PATH, KGEI, LYFT, AUTL, CXM Q3 2025 34 $414.0M PATH, KGEI, LYFT, CXM, AUTL Q2 2025 27 $354.0M PATH, KGEI, AUTL, CXM, LYFT Q1 2025 23 $254.6M PATH, KGEI, CXM, INFA, AUTL Q4 2024 Amended 17 $234.4M PATH, KGEI, AUTL, CXM, INFA Q3 2024 13 $222.3M PATH, AUTL, KGEI, TARS, CXM Q2 2024 13 $213.8M PATH, AUTL, KGEI, CXM, BALY Q1 2024 11 $211.9M PATH, AUTL, CXM, KGEI, BALY