Warberg Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Warberg Asset Management LLC reported 58 stock positions worth $23.6 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 11.9% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 4.8%) and Tavia Acquisition (TAVI, 4.8%). Compared with Q4 2024, it opened 30 new positions, sold out of 28, added to 4 and reduced 9. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +100%) and the biggest sale an exit from iShares Ultra Short Duration (ICSH).
- Most Recent 13F
- Q2 2026
- Location
- WINNETKA, IL
- CIK
- 0001597506
- Portfolio Value
- $23.6M (Q1 2025)
- SEC Filing
- 0001597506-25-000002 ↗ filed May 9, 2025
Holdings Value
Holdings 58 stocks · $23.6M
| QQQ Invesco QQQ Trust Series 1 | 11.95% | 6,000 | $2.8M | Add +100.0% |
| SGOV iShares 0-3 Month Treasury B | 4.82% | 11,265 | $1.1M | New |
| TAVI Tavia Acquisition Corp. | 4.80% | 112,410 | $1.1M | Reduce -0.5% |
| CHAR Charlton Aria Acquisiti Class A | 4.23% | 98,665 | $996K | No change |
| DMAA Drugs Made in America Acquis | 3.92% | 92,055 | $922K | New |
| CLRCF Climaterock Class A | 3.84% | 75,393 | $905K | Add +0.0% |
| FORL Four Leaf Acquisition Cor-A | 3.65% | 75,932 | $860K | No change |
| VCIC Vine Hill Capital Class A | 3.63% | 84,156 | $855K | Reduce -1.1% |
| NEN New England Realty Assoc-LP | 3.33% | 9,649 | $785K | Reduce -15.2% |
| BKHA Black Hawk Acquisition Cor-A | 3.31% | 74,120 | $780K | No change |
| AAPL Apple Inc. | 3.25% | 3,450 | $766K | New |
| PGAC Pantages Capital Acquisition filed as AIFEEX NEXUS ACQUISITION COR | 3.24% | 76,190 | $763K | New |
| TDAC Translational Development Ac | 3.19% | 74,420 | $750K | No change |
| AAM Aa Mission Acquisition Cor-A | 2.94% | 67,196 | $692K | No change |
| GSRT GSR III Acquisition Corp. | 2.89% | 67,998 | $681K | No change |
| ATLX Atlas Lithium Inc. | 2.79% | 126,999 | $657K | New |
| UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP | 2.78% | 62,417 | $655K | Add +87.1% |
| XLF SS Financial Select Sector | 2.75% | 13,000 | $648K | New |
| STXS Stereotaxis Inc. | 2.49% | 333,622 | $587K | Add +476.8% |
| KVACF Keen Vision Acquisition Corp. | 2.19% | 46,000 | $517K | No change |
| RDAC Rising Dragon Acquisition Co. | 1.99% | 45,979 | $469K | No change |
| OAKU Oak Woods Acquisition Corp. Class A | 1.96% | 39,912 | $462K | Reduce -0.2% |
| SBUX Starbucks Corp. | 1.87% | 4,500 | $441K | Reduce -43.8% |
| RFAI RF Acquisition Corp. II | 1.67% | 38,000 | $394K | No change |
| GDXJ Vaneck Junior Gold Miners | 1.64% | 6,750 | $386K | New |
| FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR | 1.31% | 29,931 | $308K | No change |
| DYCQ DT Cloud Acquisition Corp. | 1.17% | 25,815 | $276K | No change |
| FGMCU FG Merger II Corp. | 1.04% | 25,000 | $244K | New |
| QSEAU Quartzsea Acquisition Corp. | 1.03% | 24,000 | $242K | New |
| DRDB Roman DBDR Acquisition Corp. | 1.02% | 23,910 | $240K | Reduce -4.4% |
| ALPHATIME ACQUISITION CORP | 0.90% | 18,275 | $213K | New |
| ASPC A Spac III Acquisition Class A | 0.85% | 20,000 | $201K | No change |
| RANG Range Capital Acquisition Co. | 0.80% | 18,645 | $187K | Reduce -4.4% |
| RIBB Ribbon Acquisition Corp. | 0.75% | 17,800 | $178K | New |
| EURK Eureka Acquisition Corp. | 0.66% | 15,000 | $155K | No change |
| JVSA Jvspac Acquisition Corp. Class A | 0.64% | 14,141 | $151K | New |
| UYSCU Uy Scuti Acquisition Corp. | 0.64% | 14,900 | $150K | New |
| SMR Nuscale Power Corp. | 0.63% | 10,501 | $149K | New |
| FG MERGER II CORP | 0.61% | 15,000 | $144K | New |
| FSHP Flag Ship Acquisition Corp. | 0.44% | 10,000 | $103K | No change |
| ATIIU Archimedes Tech Spac Partner | 0.43% | 10,000 | $101K | New |
| PROP Prairie Operating Co. | 0.36% | 15,835 | $85K | New |
| CATHETER PRECISION INC | 0.26% | 180,100 | $62K | Reduce -41.9% |
| ANVS Annovis Bio | 0.25% | 39,000 | $59K | New |
| BIOMX INC | 0.23% | 99,616 | $55K | New |
| XTIA Xti Aerospace Inc. | 0.12% | 25,000 | $27K | New |
| CAPS Capstone Holding Corp. | 0.11% | 11,000 | $27K | New |
| TRANSCODE THERAPEUTICS INC | 0.11% | 50,000 | $25K | New |
| IVF Invo Fertility Inc. filed as NAYA BIOSCIENCES INC | 0.10% | 11,294 | $23K | New |
| FPAYQ Flexshopper Inc. | 0.09% | 16,493 | $22K | New |
| HUMA Humacyte Inc. | 0.07% | 10,000 | $17K | New |
| HKPD Cellyan Biotechnology Co. Class A filed as HONG KONG PHARMA DIGITAL TEC | 0.07% | 15,000 | $16K | New |
| NXPL Nextplat Corp. | 0.04% | 12,500 | $10K | New |
| NRSN Neurosense Therapeutics Ltd. | 0.04% | 10,700 | $10K | No change |
| IRD Opus Genetics Inc. | 0.04% | 10,000 | $10K | New |
| BIOAFFINITY TECHNOLOGIES INC | 0.02% | 22,500 | $6K | New |
| EONR Eon Resources Inc. | 0.02% | 10,000 | $5K | Reduce -20.0% |
| CYPH Cypherpunk Technologies Inc. filed as LEAP THERAPEUTICS INC | 0.02% | 15,000 | $5K | New |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($195.8M), INVESCO QQQ TR puts ($22.0M), APPLE INC puts ($4.0M), SPDR GOLD TR puts ($2.9M), ISHARES TR puts ($2.7M), TESLA INC puts ($2.1M), SELECT SECTOR SPDR TR puts ($1.5M), STARBUCKS CORP puts ($1.5M), ISHARES SILVER TR calls ($1.2M), CARVANA CO puts ($1.0M), VANECK ETF TRUST calls ($965K), OCCIDENTAL PETE CORP calls ($740K), and 10 more.
Other holdings (111): bonds, preferreds, convertibles and warrants · $341.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 6,699,000 | $21.2M | Reduce -0.9% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 7,287,000 | $17.0M | Add +39.8% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 10,066,000 | $14.7M | Add +18.1% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 11,291,000 | $14.0M | Add +5.8% |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 9,937,000 | $13.2M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | 8,976,000 | $12.3M | No change |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 7,000,000 | $12.3M | Add +28.3% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 5,131,000 | $12.0M | Reduce -24.1% |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 5,023,000 | $11.9M | New |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 8,000,000 | $11.8M | Add +87.4% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 9,361,000 | $11.3M | Add +89.2% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 7,757,000 | $10.3M | Add +144.3% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 8,000,000 | $10.2M | Add +66.7% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 5,873,000 | $10.1M | Add +89.3% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 8,178,000 | $9.8M | Add +2.6% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 8,045,000 | $9.7M | Add +14.2% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 8,000,000 | $9.0M | Reduce -10.2% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,556,000 | $8.0M | Add +216.3% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 6,121,000 | $7.9M | New |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 7,158,000 | $7.8M | New |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 6,370,000 | $7.2M | Add +99.4% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 2,625,000 | $7.1M | No change |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 5,022,000 | $6.7M | Reduce -51.8% |
| BLOOMIN BRANDS INC (BLMN 5 05/01/25) | NOTE 5.000% 5/0 · principal | 6,644,000 | $6.6M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 6,000,000 | $6.4M | Add +14.9% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,500,000 | $6.3M | Add +124.3% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 2,500,000 | $6.1M | New |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 4,924,000 | $5.6M | Add +62.7% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 5,464,000 | $5.4M | Add +19.8% |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | 4,000,000 | $4.0M | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 1,605,000 | $3.9M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 3,000,000 | $3.6M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 3,413,000 | $3.4M | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 3,165,000 | $3.4M | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 3,273,000 | $3.3M | Add +107.3% |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | 1,556,000 | $2.9M | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 2,500,000 | $2.6M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,500,000 | $2.5M | New |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 2,500,000 | $2.5M | New |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 709,000 | $2.4M | Add +2736.0% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 2,035,000 | $2.1M | Add +1.5% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 90,180 | $2.1M | Add +0.2% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 2,003,000 | $2.0M | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 1,440,000 | $1.6M | Add +98.3% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,189,000 | $1.4M | Reduce -26.1% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 531,128 | $924K | Add +1.1% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 14,408 | $789K | Add +2.9% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 10,511 | $768K | Add +0.0% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 211,823 | $642K | Reduce -33.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 528,000 | $515K | Reduce -50.9% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 314,000 | $352K | Reduce -24.1% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 160,342 | $345K | New |
| NEOVW Neovolta Inc. -CW27 | *W EXP 04/01/202 | 272,482 | $234K | Reduce -23.1% |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 41,780 | $223K | Reduce -27.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 204,000 | $194K | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 127,600 | $157K | Reduce -1.6% |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 51,408 | $141K | Reduce -56.4% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 24,999 | $110K | Add +13.6% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 84,000 | $89K | Reduce -65.3% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 102,000 | $88K | No change |
| NXGLW Nexgel Inc. -CW26 | *W EXP 12/27/202 | 207,255 | $84K | Add +0.5% |
| NVAWW Nova Minerals Ltd. -29 | *W EXP 07/24/202 | 19,748 | $77K | Reduce -62.4% |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | 16,000 | $69K | Reduce -21.0% |
| MTEKW Maris - Tech Ltd. -23 | *W EXP 02/04/202 | 243,350 | $54K | Add +29.2% |
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | 139,117 | $50K | Reduce -10.9% |
| MDCXW Medicus Pharma Ltd. -29 | *W EXP 11/15/202 | 65,019 | $46K | Add +136.7% |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | 31,619 | $38K | Add +15.1% |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 150,942 | $38K | New |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 649,040 | $37K | Reduce -0.3% |
| ONFOW Onfolio Holdings Inc. -27 | *W EXP 01/02/202 | 148,170 | $34K | Reduce -32.0% |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 198,728 | $22K | Reduce -0.6% |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 200,000 | $19K | Reduce -8.4% |
| FMSTW Foremost Clean Energy Ltd. | *W EXP 08/24/202 | 110,837 | $15K | Reduce -3.4% |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 18,038 | $15K | New |
| NEXTPLAT CORP | *W EXP 06/02/202 | 45,686 | $11K | Add +12.0% |
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | 30,000 | $10K | Reduce -34.8% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 14,800 | $8K | No change |
| ILLRW Agba Acquisition Ltd. -CW24 | *W EXP 11/14/202 | 60,900 | $7K | New |
| NXLIW Nexalin Technology Inc.- 27 | *W EXP 99/99/999 | 37,649 | $7K | Reduce -66.6% |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 28,200 | $7K | No change |
| BTBDW BT Brands Inc. -CW26 | *W EXP 11/12/202 | 117,882 | $6K | No change |
| FGIWW Fgi Industries Ltd. -23 | *W EXP 99/99/999 | 121,152 | $5K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 20,000 | $5K | No change |
| RBOT.WS Vicarious Surgical Inc.-CW27 | *W EXP 09/17/202 | 112,000 | $4K | No change |
| SVREW Saverone 2014 Ltd. -CW27 | *W EXP 06/02/202 | 144,961 | $4K | No change |
| APLMW Apollomics Inc.-27 | *W EXP 04/01/202 | 436,987 | $4K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 292,107 | $4K | Add +1.4% |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 50,000 | $4K | No change |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 88,901 | $3K | Reduce -40.2% |
| PXSAW Pyxis Tankers Inc. -CW25 | *W EXP 10/13/202 | 104,611 | $3K | Reduce -33.4% |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 29,798 | $3K | Reduce -0.3% |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | 15,000 | $3K | New |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 | 95,027 | $3K | No change |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 20,000 | $3K | Reduce -33.3% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 18,443 | $2K | New |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 16,360 | $2K | New |
| DFSCW Kwesst Micro Systems Inc.-27 | *W EXP 09/01/202 | 103,347 | $2K | Reduce -69.0% |
| SWAGW Stran & Co. -CW26 | *W EXP 99/99/999 | 168,734 | $2K | No change |
| NRSNW Neurosense Therapeuti -CW23 | *W EXP 11/10/202 | 10,000 | $2K | Reduce -44.3% |
| KTTAW Pasithea Therapeutics -CW26 | *W EXP 08/12/202 | 100,000 | $2K | Reduce -60.7% |
| AIMDW Ainos Inc. - 27 | *W EXP 07/29/202 | 17,622 | $2K | Reduce -6.2% |
| HUBCW Hub Cyber Security Ltd.-28 | *W EXP 02/27/202 | 162,771 | $2K | Reduce -4.9% |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | 57,750 | $2K | No change |
| OCEAW Aesther Healthcare Acq -CW23 | *W EXP 02/14/202 | 58,542 | $1K | Reduce -35.3% |
| PTIXW Protagenic Therapeutic -CW25 | *W EXP 04/26/202 | 170,242 | $1K | No change |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | 54,062 | $1K | Reduce -31.9% |
| SBEVW Splash Beverage Group -CW | *W EXP 06/15/202 | 70,150 | $702 | No change |
| ANGHW Anghami Inc. -CW27 | *W EXP 02/03/202 | 40,409 | $525 | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 13,826 | $512 | Reduce -30.3% |
| TNONW Tenon Medical Inc.-28 | *W EXP 06/16/202 | 22,587 | $465 | Reduce -95.7% |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 10,000 | $204 | No change |
Total filed on the 13F, all lines: $365.3M.
Portfolio Sells Q4 2024 → Q1 2025
| ICSH iShares Ultra Short Duration | Sold out | 0.00% | −10.31 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −3.78 |
| BUJA Bukit Jalil Global Acquisiti | Sold out | 0.00% | −3.56 |
| PGACU Pantages Capital Acquisition | Sold out | 0.00% | −3.42 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −3.32 |
| QETA Quetta Acquisition Corp. | Sold out | 0.00% | −2.94 |
| CVNA Carvana Co. | Sold out | 0.00% | −2.48 |
| CRTAF Cartica Acquisition Corp. Class A | Sold out | 0.00% | −2.38 |
| BRAC Broad Capital Acquisition Co. | Sold out | 0.00% | −2.33 |
| PLMJF Plum Acquisition Corp. III | Sold out | 0.00% | −1.87 |
| AIMTF Aimfinity Investment-Subunit | Sold out | 0.00% | −1.37 |
| BYNO Bynordic Acquisition Corp. | Sold out | 0.00% | −1.10 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −1.03 |
| SBUX Starbucks Corp. | Reduce -43.8% | 1.87% | −1.00 |
| AFJK Aimei Health Technology Co. | Sold out | 0.00% | −0.63 |
| BOWN Bowen Acquisition Corp. | Sold out | 0.00% | −0.43 |
| NEN New England Realty Assoc-LP | Reduce -15.2% | 3.33% | −0.33 |
| PROPHASE LABS INC | Sold out | 0.00% | −0.30 |
| CATHETER PRECISION INC | Reduce -41.9% | 0.26% | −0.29 |
| SRXH SRX Global Inc. | Sold out | 0.00% | −0.22 |
| SYRA Syra Health Corp. Class A | Sold out | 0.00% | −0.16 |
| P3 HEALTH PARTNERS INC | Sold out | 0.00% | −0.13 |
| MRM Medirom Healthcare Technolog | Sold out | 0.00% | −0.09 |
| ZTEKF Zentek Ltd. | Sold out | 0.00% | −0.06 |
| OCGN Ocugen Inc. | Sold out | 0.00% | −0.06 |
| KWESST MICRO SYSTEMS INC | Sold out | 0.00% | −0.05 |
| CVM Cel-Sci Corp. | Sold out | 0.00% | −0.04 |
| INUV Inuvo Inc. | Sold out | 0.00% | −0.02 |
| SCPX Scorpius Holdings Inc. | Sold out | 0.00% | −0.02 |
| EONR Eon Resources Inc. | Reduce -20.0% | 0.02% | −0.02 |
| LONGEVITY HEALTH HLDGS INC | Sold out | 0.00% | −0.02 |
| OGEN Oragenics Inc. | Sold out | 0.00% | −0.01 |
| RANG Range Capital Acquisition Co. | Reduce -4.4% | 0.80% | +0.02 |
| DRDB Roman DBDR Acquisition Corp. | Reduce -4.4% | 1.02% | +0.04 |
| OAKU Oak Woods Acquisition Corp. Class A | Reduce -0.2% | 1.96% | +0.17 |
| VCIC Vine Hill Capital Class A | Reduce -1.1% | 3.63% | +0.27 |
| TAVI Tavia Acquisition Corp. | Reduce -0.5% | 4.80% | +0.38 |
Portfolio Buys Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | Add +100.0% | 11.95% | +5.90 |
| SGOV iShares 0-3 Month Treasury B | New | 4.82% | +4.82 |
| DMAA Drugs Made in America Acquis | New | 3.92% | +3.92 |
| AAPL Apple Inc. | New | 3.25% | +3.25 |
| PGAC Pantages Capital Acquisition | New | 3.24% | +3.24 |
| ATLX Atlas Lithium Inc. | New | 2.79% | +2.79 |
| XLF SS Financial Select Sector | New | 2.75% | +2.75 |
| STXS Stereotaxis Inc. | Add +476.8% | 2.49% | +1.97 |
| GDXJ Vaneck Junior Gold Miners | New | 1.64% | +1.64 |
| UCFI CN Healthy Food Tech Group C | Add +87.1% | 2.78% | +1.43 |
| FGMCU FG Merger II Corp. | New | 1.04% | +1.04 |
| QSEAU Quartzsea Acquisition Corp. | New | 1.03% | +1.03 |
| ALPHATIME ACQUISITION CORP | New | 0.90% | +0.90 |
| RIBB Ribbon Acquisition Corp. | New | 0.75% | +0.75 |
| JVSA Jvspac Acquisition Corp. Class A | New | 0.64% | +0.64 |
| UYSCU Uy Scuti Acquisition Corp. | New | 0.64% | +0.64 |
| SMR Nuscale Power Corp. | New | 0.63% | +0.63 |
| FG MERGER II CORP | New | 0.61% | +0.61 |
| ATIIU Archimedes Tech Spac Partner | New | 0.43% | +0.43 |
| PROP Prairie Operating Co. | New | 0.36% | +0.36 |
| CLRCF Climaterock Class A | Add +0.0% | 3.84% | +0.33 |
| ANVS Annovis Bio | New | 0.25% | +0.25 |
| BIOMX INC | New | 0.23% | +0.23 |
| XTIA Xti Aerospace Inc. | New | 0.12% | +0.12 |
| CAPS Capstone Holding Corp. | New | 0.11% | +0.11 |
| TRANSCODE THERAPEUTICS INC | New | 0.11% | +0.11 |
| IVF Invo Fertility Inc. | New | 0.10% | +0.10 |
| FPAYQ Flexshopper Inc. | New | 0.09% | +0.09 |
| HUMA Humacyte Inc. | New | 0.07% | +0.07 |
| HKPD Cellyan Biotechnology Co. Class A | New | 0.07% | +0.07 |
| NXPL Nextplat Corp. | New | 0.04% | +0.04 |
| IRD Opus Genetics Inc. | New | 0.04% | +0.04 |
| BIOAFFINITY TECHNOLOGIES INC | New | 0.02% | +0.02 |
| CYPH Cypherpunk Technologies Inc. | New | 0.02% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| STATE STR SPDR S&P 500 ETF T | put | Reduce -13.6% | 350,000 | $195.8M |
| INVESCO QQQ TR | put | Reduce -19.0% | 47,000 | $22.0M |
| APPLE INC | put | Add +260.0% | 18,000 | $4.0M |
| SPDR GOLD TR | put | New | 10,000 | $2.9M |
| ISHARES TR | put | Add +50.0% | 30,000 | $2.7M |
| MICROSOFT CORP | put | Sold out | 5,000 | $2.1Mbefore exit |
| TESLA INC | put | New | 8,000 | $2.1M |
| SELECT SECTOR SPDR TR | put | New | 30,000 | $1.5M |
| STARBUCKS CORP | put | Reduce -25.0% | 15,000 | $1.5M |
| PALANTIR TECHNOLOGIES INC | put | Sold out | 19,000 | $1.4Mbefore exit |
| ISHARES SILVER TR | call | Reduce -11.1% | 40,000 | $1.2M |
| CARVANA CO | put | Add +66.7% | 5,000 | $1.0M |
| VANECK ETF TRUST | call | Reduce -32.3% | 21,000 | $965K |
| BERKSHIRE HATHAWAY INC DEL | put | Sold out | 2,000 | $907Kbefore exit |
| OCCIDENTAL PETE CORP | call | Reduce -91.7% | 15,000 | $740K |
| PALANTIR TECHNOLOGIES INC | call | Sold out | 8,600 | $651Kbefore exit |
| GAMESTOP CORP | call | New | 27,000 | $603K |
| CANTALOUPE INC | call | Reduce -1.7% | 73,700 | $580K |
| SCORPIO TANKERS INC | call | Sold out | 10,200 | $507Kbefore exit |
| JPMORGAN CHASE & CO | call | Sold out | 2,000 | $479Kbefore exit |
| STRATEGY INC | put | Sold out | 1,400 | $405Kbefore exit |
| ALAMOS GOLD INC | put | New | 14,000 | $374K |
| UNITED AIRLS HLDGS INC | call | New | 5,000 | $345K |
| PRAIRIE OPER CO | call | New | 60,000 | $321K |
| INNOVATIVE INDL PPTYS INC | put | New | 5,000 | $270K |
| NUSCALE PWR CORP | put | Reduce -21.7% | 18,000 | $255K |
| SUPER MICRO COMPUTER INC | put | Sold out | 7,000 | $213Kbefore exit |
| INTEL CORP | call | Sold out | 10,000 | $201Kbefore exit |
| CANTALOUPE INC | put | Sold out | 20,000 | $190Kbefore exit |
| GPGI INC | put | Sold out | 11,800 | $181Kbefore exit |
| FLAGSTAR FINANCIAL INC | call | Sold out | 16,800 | $157Kbefore exit |
| RIVIAN AUTOMOTIVE INC | call | Sold out | 10,000 | $133Kbefore exit |
| PSQ HOLDINGS INC | call | Sold out | 10,000 | $45Kbefore exit |
| ESPERION THERAPEUTICS INC NE | call | Sold out | 10,000 | $22Kbefore 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 2024 → Q1 2025
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 5,709,000 | $26.5Mbefore exit |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Reduce -0.9% | 6,699,000 | $21.2M |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 641,155 | $17.7Mbefore exit |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Add +39.8% | 7,287,000 | $17.0M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Add +18.1% | 10,066,000 | $14.7M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Add +5.8% | 11,291,000 | $14.0M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Add +28.3% | 7,000,000 | $12.3M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -24.1% | 5,131,000 | $12.0M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | New | 5,023,000 | $11.9M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +87.4% | 8,000,000 | $11.8M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Add +89.2% | 9,361,000 | $11.3M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +144.3% | 7,757,000 | $10.3M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +66.7% | 8,000,000 | $10.2M |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | Add +89.3% | 5,873,000 | $10.1M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +2.6% | 8,178,000 | $9.8M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +14.2% | 8,045,000 | $9.7M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Reduce -10.2% | 8,000,000 | $9.0M |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 3,614,000 | $8.9Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +216.3% | 6,556,000 | $8.0M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 6,121,000 | $7.9M |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | New | 7,158,000 | $7.8M |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | Add +99.4% | 6,370,000 | $7.2M |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | Reduce -51.8% | 5,022,000 | $6.7M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +14.9% | 6,000,000 | $6.4M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +124.3% | 4,500,000 | $6.3M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | New | 2,500,000 | $6.1M |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Add +62.7% | 4,924,000 | $5.6M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +19.8% | 5,464,000 | $5.4M |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/25) | NOTE 1.625% 2/1 · principal | Sold out | 2,039,000 | $5.2Mbefore exit |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Sold out | 3,003,000 | $4.4Mbefore exit |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | Sold out | 47,922 | $4.1Mbefore exit |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | New | 4,000,000 | $4.0M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | New | 3,000,000 | $3.6M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 3,413,000 | $3.4M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +107.3% | 3,273,000 | $3.3M |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | New | 1,556,000 | $2.9M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | New | 2,500,000 | $2.6M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | New | 2,500,000 | $2.5M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | New | 2,500,000 | $2.5M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Sold out | 2,559,000 | $2.5Mbefore exit |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Add +2736.0% | 709,000 | $2.4M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +1.5% | 2,035,000 | $2.1M |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +0.2% | 90,180 | $2.1M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | New | 2,003,000 | $2.0M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Add +98.3% | 1,440,000 | $1.6M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 571,000 | $1.5Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 2 02/15/25) | NOTE 2.000% 2/1 · principal | Sold out | 1,226,000 | $1.5Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -26.1% | 1,189,000 | $1.4M |
| EXEEW Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | Sold out | 9,694 | $926Kbefore exit |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | Add +1.1% | 531,128 | $924K |
Showing the first 50 of 110.
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 | 69 | $60.6M | NN, CLM, STXS, FGII, XSLL |
| Q1 2026 | 90 | $48.6M | CLM, STXS, XLE, QQQ, SGOV |
| Q4 2025 | 80 | $31.4M | STXS, VNME, BCAR, NEN, TAVI |
| Q3 2025 | 68 | $27.8M | STXS, BCAR, VNME, TAVI, CHAR |
| Q2 2025 | 55 | $23.6M | PARAA, STXS, TAVI, CHAR, DMAA |
| Q1 2025 | 58 | $23.6M | QQQ, SGOV, TAVI, CHAR, DMAA |
| Q4 2024 | 56 | $25.4M | ICSH, QQQ, TAVI, CHAR, SHV |
| Q3 2024 | 60 | $24.4M | SGOV, VCICU, GBTC, CLRCF, BELLEVUE LIFE SCNCS AQSTN CO |
| Q2 2024 | 65 | $20.9M | SHV, NEN, BLUAF, AOGO, CLRCF |
| Q1 2024 | 60 | $21.4M | STXS, GBIL, NEN, CLRCF, ACAC |