Warberg Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Warberg Asset Management LLC reported 80 stock positions worth $31.4 million. Its top holding was Stereotaxis (STXS) at 8.1% of the portfolio, followed by Vendome Acquisition Class A (VNME, 4.4%) and D. Boral Arc Acquisit Class A (BCAR, 3.7%). Compared with Q3 2025, it opened 33 new positions, sold out of 20, added to 5 and reduced 13. The biggest buy was a new position in Rigetti Computing (RGTI) and the biggest sale an exit from Four Leaf Acquisition Cor-A (FORL).
- Most Recent 13F
- Q2 2026
- Location
- WINNETKA, IL
- CIK
- 0001597506
- Portfolio Value
- $31.4M (Q4 2025)
- SEC Filing
- 0001597506-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 80 stocks · $31.4M
| STXS Stereotaxis Inc. | 8.12% | 1,107,657 | $2.5M | Add +5.5% |
| VNME Vendome Acquisition Corp. Class A | 4.43% | 138,500 | $1.4M | No change |
| BCAR D. Boral Arc Acquisit Class A | 3.65% | 114,331 | $1.1M | Reduce -18.3% |
| NEN New England Realty Assoc-LP | 3.50% | 17,041 | $1.1M | Add +49.3% |
| TAVI Tavia Acquisition Corp. | 3.47% | 104,360 | $1.1M | Reduce -2.8% |
| CHAR Charlton Aria Acquisiti Class A | 3.29% | 98,665 | $1.0M | No change |
| DMAA Drugs Made in America Acquis | 3.04% | 92,055 | $955K | No change |
| RGTI Rigetti Computing Inc. | 2.94% | 41,700 | $924K | New |
| ORIQ Origin Investment Corp. I | 2.70% | 83,610 | $847K | No change |
| BKHA Black Hawk Acquisition Cor-A | 2.59% | 72,323 | $814K | Reduce -2.6% |
| PGAC Pantages Capital Acquisition | 2.52% | 76,190 | $791K | No change |
| KCHV Kochav Defense Acquisition-A | 2.48% | 76,791 | $779K | Reduce -0.5% |
| TDAC Translational Development Ac | 2.45% | 73,422 | $769K | No change |
| SVAQU Silicon Valley Acquisition C | 2.38% | 75,000 | $746K | New |
| VHCPU Vine Hill Capital Investment | 2.30% | 71,900 | $721K | New |
| AAM Aa Mission Acquisition Cor-A | 2.28% | 67,196 | $717K | No change |
| TLNC Talon Capital Corp. Class A | 1.86% | 57,674 | $583K | Reduce -3.9% |
| KVACF Keen Vision Acquisition Corp. | 1.72% | 45,988 | $541K | No change |
| PELI Pelican Acquisition Corp. | 1.62% | 50,000 | $508K | No change |
| CRAQ Cal Redwood Acquisit Class A | 1.61% | 49,900 | $505K | No change |
| CRAC Crown Reserve Acquisiti Class A | 1.56% | 49,310 | $490K | New |
| SCIIU SC II Acquisition Corp. | 1.49% | 46,300 | $466K | New |
| MMTX Miluna Acquisition Class A | 1.45% | 46,000 | $455K | New |
| TVAI Thayer Ventures Acquis Class A | 1.44% | 44,699 | $452K | No change |
| INAC Indigo Acquisition Corp. | 1.43% | 44,612 | $448K | No change |
| LKSP Lake Superior Acquisiti Class A | 1.42% | 44,947 | $447K | New |
| POST Post Holdings Inc. filed as POST HLDGS INC | 1.42% | 4,500 | $446K | New |
| QUMS Quantumsphere Acquisition Co. | 1.32% | 41,421 | $415K | No change |
| CRANU Crane Harbor Acquisition Cor | 1.26% | 39,200 | $395K | New |
| HAVA Harvard Ave Acquisition Class A | 1.19% | 37,500 | $372K | New |
| GTERA Globa Terra Acquisition Co. Class A | 1.17% | 36,300 | $367K | No change |
| OKLO Oklo Inc. | 1.14% | 5,000 | $359K | New |
| OTGA Otg Acquisition Corp. I Class A | 1.13% | 35,438 | $354K | Reduce -19.5% |
| CHPG Championsgate Acquisitio-A | 1.13% | 34,742 | $354K | No change |
| YCY Aa Mission Acquisition-A | 1.11% | 35,000 | $348K | New |
| USAR USA Rare Earth Inc. | 0.96% | 25,333 | $301K | New |
| CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II | 0.92% | 28,403 | $290K | Reduce -3.4% |
| MPTI M-Tron Industries Inc. | 0.89% | 5,258 | $280K | New |
| CAPN Cayson Acquisition Corp. | 0.89% | 26,207 | $279K | Add +52.1% |
| APAC Stonebridge Acquisition Class A | 0.87% | 27,500 | $274K | New |
| MKLY McKinley Acquisition Co. Class A | 0.86% | 27,000 | $269K | Reduce -22.9% |
| ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP | 0.80% | 25,000 | $251K | No change |
| SOCA Solarius Capital Acquis Class A | 0.80% | 24,895 | $250K | Reduce -0.4% |
| DRDB Roman DBDR Acquisition Corp. | 0.79% | 23,910 | $249K | No change |
| EVOX Evolution Global Acquis Class A | 0.79% | 25,000 | $247K | New |
| QSEA Quartzsea Acquisition Corp. | 0.78% | 24,000 | $246K | No change |
| TDWD Tailwind 2.0 Acquisitio Class A | 0.78% | 24,900 | $245K | New |
| WTG Wintergreen Acquisition Corp. | 0.77% | 23,964 | $243K | No change |
| LAFA Lafayette Acquisition Corp. | 0.77% | 24,553 | $243K | New |
| AXIN Axiom Intelligence Class A | 0.77% | 24,000 | $241K | No change |
| NSTR Northstar Earth & Space Ente filed as VIKING ACQUISITION CORP I | 0.67% | 21,201 | $210K | New |
| HCACU Hall Chadwick Acquisition Co. | 0.64% | 20,000 | $200K | New |
| BIXIU Bitcoin Infrastructure Acqui | 0.63% | 20,000 | $199K | New |
| RIBB Ribbon Acquisition Corp. | 0.59% | 17,800 | $185K | No change |
| COPL Copley Acquisition Corp. Class A | 0.57% | 17,400 | $178K | No change |
| EURK Eureka Acquisition Corp. | 0.55% | 15,783 | $173K | No change |
| PROF Profound Medical Corp. | 0.53% | 21,000 | $165K | New |
| KOYN CSLM Digital Asset Acqu - A | 0.50% | 15,828 | $157K | No change |
| FG MERGER II CORP | 0.48% | 15,000 | $151K | No change |
| UYSC Uy Scuti Acquisition Corp. | 0.48% | 14,600 | $150K | No change |
| EOSE Eos Energy Enterprises Inc. | 0.41% | 11,218 | $128K | New |
| RGNT Regentis Biomaterials Ltd. | 0.40% | 19,093 | $127K | New |
| ATII Archimedes Tech Spac Partner | 0.33% | 10,000 | $104K | No change |
| OYSE Oyster Enterprises II Acq-A | 0.32% | 10,000 | $101K | No change |
| CHECU Chenghe Acquisition III Co. | 0.32% | 10,000 | $101K | No change |
| AKTX Akari Therapeutics PLC | 0.28% | 308,340 | $89K | New |
| VANI Vivani Medical Inc. | 0.17% | 44,304 | $54K | New |
| CLRB Cellectar Biosciences Inc. | 0.13% | 13,900 | $41K | New |
| CRIS Curis Inc. | 0.13% | 40,286 | $40K | Reduce -7.9% |
| MODULAR MED INC | 0.11% | 92,935 | $34K | Add +106.7% |
| NXB Nextboat Inc. filed as OFF THE HOOK YS INC | 0.10% | 14,500 | $30K | New |
| INTS Intensity Therapeutics Inc. | 0.09% | 69,000 | $28K | Add +15.0% |
| SNYRQ Synergy CHC Corp. | 0.08% | 13,675 | $25K | Reduce -59.2% |
| ASNS Actelis Networks Inc. | 0.08% | 51,011 | $25K | New |
| VNRX Volitionrx Ltd. | 0.07% | 90,833 | $23K | New |
| REED Reed's Inc. | 0.07% | 10,705 | $22K | New |
| GAME Gamesquare Hldgs Inc. | 0.06% | 50,000 | $19K | New |
| EONR Eon Resources Inc. | 0.06% | 48,009 | $18K | Reduce -22.6% |
| SALARIUS PHARMACEUTICALS INC | 0.06% | 28,000 | $18K | New |
| SYNX Silynxcom Ltd. | 0.05% | 14,196 | $15K | Reduce -44.3% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($431.7M), INVESCO QQQ TR puts ($27.6M), PALANTIR TECHNOLOGIES INC puts ($5.2M), ISHARES TR puts ($4.4M), CARVANA CO puts ($3.8M), VANECK ETF TRUST puts ($3.3M), NVIDIA CORPORATION puts ($2.6M), ISHARES TR puts ($2.4M), CANTALOUPE INC puts ($2.4M), VANECK ETF TRUST calls ($1.9M), ISHARES SILVER TR calls ($1.6M), APPLE INC calls ($1.4M), and 16 more.
Other holdings (73): bonds, preferreds, convertibles and warrants · $301.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 12,059,000 | $30.4M | Add +92.0% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 5,731,000 | $26.3M | Reduce -18.6% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 11,650,000 | $24.2M | Add +62.4% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 7,976,000 | $22.8M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 6,284,000 | $21.1M | Reduce -30.9% |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | 11,106,000 | $19.9M | Add +22.1% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 10,617,000 | $15.4M | Add +0.5% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 10,243,000 | $14.5M | Add +53.0% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 11,302,000 | $13.2M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 8,000,000 | $10.6M | Add +55.6% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 8,888,000 | $9.6M | Add +5.9% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 2,360,000 | $8.8M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 5,002,000 | $7.4M | Add +66.7% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 6,152,000 | $7.0M | Add +1.0% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 6,606,000 | $6.6M | No change |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 4,136,000 | $6.1M | New |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 5,005,000 | $5.8M | Reduce -38.7% |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 5,017,000 | $5.8M | Add +0.3% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 4,000,000 | $5.5M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 4,326,000 | $4.5M | Add +6.6% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 3,000,000 | $3.3M | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 164,918 | $3.2M | Reduce -63.3% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 3,000,000 | $3.0M | Reduce -50.4% |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 2,500,000 | $3.0M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 2,751,000 | $2.7M | Add +8.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 1,903,000 | $2.5M | Add +474.9% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 97,144 | $2.2M | Reduce -31.8% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 221,900 | $1.9M | Add +15.2% |
| ASTRONICS CORP (ATRO 5.5 03/15/30) | NOTE 5.500% 3/1 · principal | 675,000 | $1.7M | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 1,565,000 | $1.7M | Add +7.9% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 55,449 | $1.7M | Add +201.1% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 1,527,000 | $1.5M | Add +0.9% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 873 | $1.1M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 730,000 | $926K | Add +1.5% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 757,000 | $852K | No change |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 661,000 | $805K | Add +30.9% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 12,034 | $709K | New |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 53,816 | $448K | Add +14.0% |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 188,000 | $397K | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 254,000 | $316K | Reduce -35.5% |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 74,396 | $295K | Add +62.4% |
| IAUX.WS I-80 Gold Corp. -26 | *W EXP 11/16/202 | 272,515 | $251K | Reduce -6.0% |
| NEOVW Neovolta Inc. -CW27 | *W EXP 04/01/202 | 213,368 | $213K | Reduce -14.6% |
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | 59,900 | $193K | Reduce -7.7% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 112,553 | $172K | No change |
| BIVIW Biovie Inc. -30 | *W EXP 08/08/203 | 461,937 | $139K | Add +64.1% |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 14,215 | $122K | New |
| VWAVW Visionwave Holdings Inc. | *W EXP 07/14/203 | 80,013 | $94K | New |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 30,564 | $61K | New |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 599,941 | $38K | Reduce -5.4% |
| NXGLW Nexgel Inc. -CW26 | *W EXP 12/27/202 | 146,091 | $34K | Reduce -12.4% |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 657,488 | $31K | Add +3.7% |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 377,800 | $30K | No change |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 10/28/203 | 11,000 | $23K | New |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 70,000 | $19K | No change |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 125,382 | $18K | No change |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 155,000 | $12K | Reduce -3.1% |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 | 35,775 | $5K | Reduce -16.1% |
| HUBCW Hub Cyber Security Ltd.-28 | *W EXP 02/27/202 | 162,771 | $3K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 292,107 | $3K | No change |
| SVREW Saverone 2014 Ltd. -CW27 | *W EXP 06/02/202 | 125,026 | $2K | Reduce -0.6% |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 | 70,787 | $2K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 82,639 | $2K | No change |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | 35,000 | $2K | No change |
| HAVAR Harvard Ave Acquisition | RIGHT 99/99/9999 | 16,400 | $2K | New |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | 11,900 | $2K | Reduce -56.7% |
| MMTXW Miluna Acquisition Corp. | *W EXP 09/29/203 | 15,295 | $2K | New |
| CRACW Crown Reserve Acquisition Co. | *W EXP 10/06/203 | 17,118 | $1K | New |
| BTBDW BT Brands Inc. -CW26 | *W EXP 11/12/202 | 10,000 | $1K | No change |
| APLMW Apollomics Inc.-27 | *W EXP 04/01/202 | 87,049 | $966 | No change |
| ANGHW Anghami Inc. -CW27 | *W EXP 02/03/202 | 40,409 | $950 | No change |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 46,472 | $446 | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 31,092 | $221 | No change |
Total filed on the 13F, all lines: $332.6M.
Portfolio Sells Q3 2025 → Q4 2025
| FORL Four Leaf Acquisition Cor-A | Sold out | 0.00% | −3.14 |
| OAKU Oak Woods Acquisition Corp. Class A | Sold out | 0.00% | −1.78 |
| RDAC Rising Dragon Acquisition Co. | Sold out | 0.00% | −1.72 |
| RFAI RF Acquisition Corp. II | Sold out | 0.00% | −1.47 |
| BCAR D. Boral Arc Acquisit Class A | Reduce -18.3% | 3.65% | −1.34 |
| MSTR Strategy Inc. | Sold out | 0.00% | −1.16 |
| FRNM Freenome Inc. | Sold out | 0.00% | −1.14 |
| VXX Ipath Series B S&P 500 Vix | Sold out | 0.00% | −0.83 |
| ASPC A Spac III Acquisition Class A | Sold out | 0.00% | −0.74 |
| BLUW Blue Water Acquisition C-A | Sold out | 0.00% | −0.72 |
| RANG Range Capital Acquisition Co. | Sold out | 0.00% | −0.70 |
| BDCIU BTC Development Corp. | Sold out | 0.00% | −0.69 |
| BRR Columbus Circle Capital Co. Class A | Sold out | 0.00% | −0.67 |
| TAVI Tavia Acquisition Corp. | Reduce -2.8% | 3.47% | −0.53 |
| OTGA Otg Acquisition Corp. I Class A | Reduce -19.5% | 1.13% | −0.46 |
| MKLY McKinley Acquisition Co. Class A | Reduce -22.9% | 0.86% | −0.40 |
| BKHA Black Hawk Acquisition Cor-A | Reduce -2.6% | 2.59% | −0.37 |
| DFSC Defsec Technologies Inc. | Sold out | 0.00% | −0.37 |
| STRIVE INC | Sold out | 0.00% | −0.36 |
| TLNC Talon Capital Corp. Class A | Reduce -3.9% | 1.86% | −0.31 |
| KCHV Kochav Defense Acquisition-A | Reduce -0.5% | 2.48% | −0.30 |
| SNYRQ Synergy CHC Corp. | Reduce -59.2% | 0.08% | −0.21 |
| INTELLIGENT BIO SOLUTIONS IN | Sold out | 0.00% | −0.16 |
| CCAQ Collective Acquisition Corp. | Reduce -3.4% | 0.92% | −0.15 |
| CBUS Cibus Inc. | Sold out | 0.00% | −0.14 |
| CRIS Curis Inc. | Reduce -7.9% | 0.13% | −0.13 |
| CLDI Calidi Biotherapeutics Inc. | Sold out | 0.00% | −0.10 |
| SOCA Solarius Capital Acquis Class A | Reduce -0.4% | 0.80% | −0.10 |
| SYNX Silynxcom Ltd. | Reduce -44.3% | 0.05% | −0.09 |
| EONR Eon Resources Inc. | Reduce -22.6% | 0.06% | −0.05 |
| RNTX Rein Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| AUTONOMIX MED INC | Sold out | 0.00% | −0.04 |
| VEEA INC | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| RGTI Rigetti Computing Inc. | New | 2.94% | +2.94 |
| SVAQU Silicon Valley Acquisition C | New | 2.38% | +2.38 |
| VHCPU Vine Hill Capital Investment | New | 2.30% | +2.30 |
| CRAC Crown Reserve Acquisiti Class A | New | 1.56% | +1.56 |
| SCIIU SC II Acquisition Corp. | New | 1.49% | +1.49 |
| MMTX Miluna Acquisition Class A | New | 1.45% | +1.45 |
| LKSP Lake Superior Acquisiti Class A | New | 1.42% | +1.42 |
| POST Post Holdings Inc. | New | 1.42% | +1.42 |
| CRANU Crane Harbor Acquisition Cor | New | 1.26% | +1.26 |
| HAVA Harvard Ave Acquisition Class A | New | 1.19% | +1.19 |
| OKLO Oklo Inc. | New | 1.14% | +1.14 |
| YCY Aa Mission Acquisition-A | New | 1.11% | +1.11 |
| USAR USA Rare Earth Inc. | New | 0.96% | +0.96 |
| MPTI M-Tron Industries Inc. | New | 0.89% | +0.89 |
| APAC Stonebridge Acquisition Class A | New | 0.87% | +0.87 |
| EVOX Evolution Global Acquis Class A | New | 0.79% | +0.79 |
| TDWD Tailwind 2.0 Acquisitio Class A | New | 0.78% | +0.78 |
| LAFA Lafayette Acquisition Corp. | New | 0.77% | +0.77 |
| NSTR Northstar Earth & Space Ente | New | 0.67% | +0.67 |
| HCACU Hall Chadwick Acquisition Co. | New | 0.64% | +0.64 |
| BIXIU Bitcoin Infrastructure Acqui | New | 0.63% | +0.63 |
| NEN New England Realty Assoc-LP | Add +49.3% | 3.50% | +0.53 |
| PROF Profound Medical Corp. | New | 0.53% | +0.53 |
| EOSE Eos Energy Enterprises Inc. | New | 0.41% | +0.41 |
| RGNT Regentis Biomaterials Ltd. | New | 0.40% | +0.40 |
| AKTX Akari Therapeutics PLC | New | 0.28% | +0.28 |
| CAPN Cayson Acquisition Corp. | Add +52.1% | 0.89% | +0.24 |
| VANI Vivani Medical Inc. | New | 0.17% | +0.17 |
| CLRB Cellectar Biosciences Inc. | New | 0.13% | +0.13 |
| NXB Nextboat Inc. | New | 0.10% | +0.10 |
| ASNS Actelis Networks Inc. | New | 0.08% | +0.08 |
| VNRX Volitionrx Ltd. | New | 0.07% | +0.07 |
| REED Reed's Inc. | New | 0.07% | +0.07 |
| GAME Gamesquare Hldgs Inc. | New | 0.06% | +0.06 |
| SALARIUS PHARMACEUTICALS INC | New | 0.06% | +0.06 |
| INTS Intensity Therapeutics Inc. | Add +15.0% | 0.09% | +0.04 |
| MODULAR MED INC | Add +106.7% | 0.11% | −0.01 |
| STXS Stereotaxis Inc. | Add +5.5% | 8.12% | −3.71 |
Options Activity Q3 2025 → Q4 2025
| STATE STR SPDR S&P 500 ETF T | put | Add +115.3% | 633,000 | $431.7M |
| INVESCO QQQ TR | put | Reduce -11.8% | 45,000 | $27.6M |
| PALANTIR TECHNOLOGIES INC | put | Reduce -17.1% | 29,000 | $5.2M |
| ISHARES TR | put | Reduce -16.7% | 50,000 | $4.4M |
| CARVANA CO | put | Add +350.0% | 9,000 | $3.8M |
| VANECK ETF TRUST | put | New | 39,000 | $3.3M |
| NVIDIA CORPORATION | put | Add +40.0% | 14,000 | $2.6M |
| APPLE INC | put | Sold out | 10,000 | $2.5Mbefore exit |
| CANTALOUPE INC | put | Reduce -18.3% | 225,800 | $2.4M |
| EQUINIX INC | put | Sold out | 3,000 | $2.3Mbefore exit |
| VANECK ETF TRUST | call | Add +4.8% | 22,000 | $1.9M |
| ISHARES SILVER TR | call | Add +25.0% | 25,000 | $1.6M |
| APPLE INC | call | New | 5,000 | $1.4M |
| RIGETTI COMPUTING INC | put | Add +50.3% | 59,800 | $1.3M |
| SELECT SECTOR SPDR TR | put | New | 20,000 | $1.1M |
| MICROSOFT CORP | put | Sold out | 2,000 | $1.0Mbefore exit |
| ROBINHOOD MKTS INC | call | Sold out | 7,000 | $1.0Mbefore exit |
| ISHARES BITCOIN TRUST ETF | put | Reduce -37.5% | 20,000 | $993K |
| MICRON TECHNOLOGY INC | call | New | 3,000 | $856K |
| ISHARES SILVER TR | put | New | 13,000 | $837K |
| PG&E CORP | call | Add +4.1% | 51,000 | $820K |
| INNOVATIVE INDL PPTYS INC | put | Sold out | 15,000 | $804Kbefore exit |
| NVIDIA CORPORATION | call | Reduce -60.0% | 4,000 | $746K |
| CENTRUS ENERGY CORP | put | Reduce -40.0% | 3,000 | $728K |
| CONSTELLATION BRANDS INC | put | Sold out | 5,000 | $673Kbefore exit |
| CIRCLE INTERNET GROUP INC | put | Sold out | 5,000 | $663Kbefore exit |
| STRATEGY INC | put | Sold out | 2,000 | $644Kbefore exit |
| NUSCALE PWR CORP | put | Sold out | 17,000 | $612Kbefore exit |
| SOLENO THERAPEUTICS INC | put | Sold out | 9,000 | $608Kbefore exit |
| MOSAIC CO | call | New | 25,000 | $602K |
| BARCLAYS BANK PLC | call | New | 20,900 | $553K |
| OKLO INC | put | Add +20.0% | 6,000 | $431K |
| IONQ INC | put | Sold out | 7,000 | $431Kbefore exit |
| ACM RESH INC | call | Sold out | 9,000 | $352Kbefore exit |
| OKLO INC | call | Sold out | 3,000 | $335Kbefore exit |
| CRITICAL METALS CORP | put | New | 33,000 | $229K |
| OPENDOOR TECHNOLOGIES INC | put | Sold out | 20,000 | $159Kbefore exit |
| RICHTECH ROBOTICS INC | put | Sold out | 30,000 | $129Kbefore exit |
| PRAIRIE OPER CO | call | Reduce -51.8% | 55,000 | $93K |
| ABACUS GLOBAL MGMT INC | put | Sold out | 16,000 | $92Kbefore exit |
| GOSSAMER BIO INC | call | New | 16,400 | $51K |
| BORR DRILLING LTD | call | Sold out | 18,500 | $50Kbefore exit |
| CINEVERSE CORP | put | Sold out | 12,000 | $40Kbefore exit |
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
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Add +92.0% | 12,059,000 | $30.4M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -18.6% | 5,731,000 | $26.3M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +62.4% | 11,650,000 | $24.2M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 12,103,000 | $23.9Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -30.9% | 6,284,000 | $21.1M |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | Add +22.1% | 11,106,000 | $19.9M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +0.5% | 10,617,000 | $15.4M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +53.0% | 10,243,000 | $14.5M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Sold out | 10,405,000 | $13.6Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +55.6% | 8,000,000 | $10.6M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Sold out | 3,537,000 | $10.0Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +5.9% | 8,888,000 | $9.6M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | New | 2,360,000 | $8.8M |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Sold out | 449,224 | $8.2Mbefore exit |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +66.7% | 5,002,000 | $7.4M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +1.0% | 6,152,000 | $7.0M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 4,136,000 | $6.1M |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | Reduce -38.7% | 5,005,000 | $5.8M |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | Add +0.3% | 5,017,000 | $5.8M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | New | 4,000,000 | $5.5M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 4,747,000 | $5.4Mbefore exit |
| PORCH GROUP INC (PRCH 9 05/15/30) | DEBT 9.000% 5/1 · principal | Sold out | 3,000,000 | $4.5Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +6.6% | 4,326,000 | $4.5M |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -63.3% | 164,918 | $3.2M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -50.4% | 3,000,000 | $3.0M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 2,782,000 | $2.8Mbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +8.3% | 2,751,000 | $2.7M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +474.9% | 1,903,000 | $2.5M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 33,343 | $2.4Mbefore exit |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Reduce -31.8% | 97,144 | $2.2M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Add +15.2% | 221,900 | $1.9M |
| ASTRONICS CORP (ATRO 5.5 03/15/30) | NOTE 5.500% 3/1 · principal | New | 675,000 | $1.7M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Add +7.9% | 1,565,000 | $1.7M |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Add +201.1% | 55,449 | $1.7M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Add +0.9% | 1,527,000 | $1.5M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 873 | $1.1M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +1.5% | 730,000 | $926K |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +30.9% | 661,000 | $805K |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 12,034 | $709K |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Sold out | 606,000 | $692Kbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Sold out | 7,399 | $516Kbefore exit |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | Add +14.0% | 53,816 | $448K |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | New | 188,000 | $397K |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | Sold out | 592,488 | $354Kbefore exit |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | Sold out | 277,000 | $327Kbefore exit |
| USA RARE EARTH INC | *W EXP 03/13/203 | Sold out | 44,000 | $318Kbefore exit |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -35.5% | 254,000 | $316K |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Add +62.4% | 74,396 | $295K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Sold out | 3,873 | $273Kbefore exit |
| IAUX.WS I-80 Gold Corp. -26 | *W EXP 11/16/202 | Reduce -6.0% | 272,515 | $251K |
Showing the first 50 of 78.
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 |