Whitebox Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Whitebox Advisors LLC reported 94 stock positions worth $579.3 million. Its top holding was Liberty Broadband-C (LBRDK) at 11.5% of the portfolio, followed by People (PPLI, 7.0%) and Triple Flag Precious Met (TFPM, 6.0%). Compared with Q3 2024, it opened 22 new positions, sold out of 20, added to 26 and reduced 17. The biggest buy was a new position in Hess (HES) and the biggest sale Liberty Broadband-C (LBRDK, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001257391
- Portfolio Value
- $579.3M (Q4 2024)
- SEC Filing
- 0001257391-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 94 stocks · $579.3M
| LBRDK Liberty Broadband-C | 11.55% | 894,695 | $66.9M | Reduce -59.8% |
| PPLI People Inc. filed as IAC INC | 6.99% | 939,259 | $40.5M | Add +12.7% |
| TFPM Triple Flag Precious Met | 5.98% | 2,301,628 | $34.6M | Reduce -24.6% |
| HEI.A Heico Corp. Class A | 5.14% | 160,036 | $29.8M | Add +7.9% |
| GRFS Grifols SA-ADR | 5.07% | 3,947,631 | $29.4M | Reduce -6.5% |
| BLCO Bausch + Lomb Corp. | 4.50% | 1,443,101 | $26.1M | Add +16.1% |
| CHRD Chord Energy Corp. | 3.74% | 185,264 | $21.7M | No change |
| GPOR Gulfport Energy Corp. | 3.68% | 115,596 | $21.3M | Add +11.2% |
| VAL Valaris Ltd. | 3.51% | 459,111 | $20.3M | No change |
| UP Wheels Up Experience Inc. | 3.07% | 40,036,505 | $17.8M | Reduce -6.2% |
| CIVI Civitas Resources Inc. | 2.91% | 367,000 | $16.8M | Add +113.4% |
| LBRDA Liberty Broadband-A | 2.65% | 206,296 | $15.3M | Add +74.6% |
| HES Hess Corp. | 2.47% | 107,565 | $14.3M | New |
| NE Noble Corp. PLC | 1.98% | 365,083 | $11.5M | No change |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 1.90% | 1,892,723 | $11.0M | Add +33.7% |
| ACI Albertsons Cos Inc. Class A | 1.71% | 503,831 | $9.9M | Reduce -62.9% |
| BHC Bausch Health Cos Inc. | 1.66% | 1,190,809 | $9.6M | Reduce -17.1% |
| SIRI Sirius XM Holdings Inc. | 1.48% | 376,735 | $8.6M | Reduce -68.0% |
| NCMI National Cinemedia Inc. | 1.42% | 1,242,084 | $8.2M | Reduce -10.7% |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 1.31% | 760,000 | $7.6M | No change |
| CYH Community Health Systems Inc. | 1.19% | 2,300,111 | $6.9M | Add +57.2% |
| GT Goodyear Tire & Rubber Co. | 1.09% | 700,055 | $6.3M | Add +1.0% |
| CSTM Constellium SE | 0.98% | 552,284 | $5.7M | Add +23.5% |
| SVC Service Pptys TR | 0.94% | 2,144,899 | $5.4M | Add +234.8% |
| SIMA Sim Acquisition Corp. I-A | 0.87% | 500,000 | $5.0M | No change |
| AAM Aa Mission Acquisition Cor-A | 0.78% | 450,000 | $4.5M | No change |
| CCIR Cohen Circle Acquisitio Class A | 0.78% | 450,000 | $4.5M | New |
| GM General Motors Co. | 0.70% | 75,798 | $4.0M | Reduce -52.9% |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.69% | 400,000 | $4.0M | No change |
| WLACU Willow Lane Acquisition Corp. | 0.69% | 400,000 | $4.0M | New |
| DRDBU Roman DBDR Acquisition Corp. | 0.69% | 400,000 | $4.0M | New |
| CHAR Charlton Aria Acquisiti Class A | 0.69% | 399,000 | $4.0M | New |
| BEAG Bold Eagle Acquisition Cor-A | 0.68% | 400,000 | $3.9M | New |
| NOEMU CO2 Energy Transition Corp. | 0.67% | 390,000 | $3.9M | New |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.62% | 619,946 | $3.6M | Add +222.7% |
| LPBBU Launch Two Acquisition Corp. | 0.61% | 350,000 | $3.5M | New |
| THC Tenet Healthcare Corp. | 0.56% | 25,902 | $3.3M | Add +21.0% |
| CAR Avis Budget Group Inc. | 0.55% | 39,733 | $3.2M | Add +20.4% |
| FTW Eqv Ventures Acquisition C-A | 0.52% | 300,000 | $3.0M | No change |
| TAVI Tavia Acquisition Corp. | 0.51% | 300,000 | $3.0M | New |
| VCICU Vine Hill Cap Invest-Unit | 0.46% | 265,000 | $2.7M | No change |
| TGNA Tegna Inc. | 0.45% | 142,703 | $2.6M | Add +459.6% |
| CCO Clear Channel Outdoor Holdin | 0.44% | 1,854,586 | $2.5M | Add +2.6% |
| OACCU Oaktree Acquisition III Life | 0.44% | 250,000 | $2.5M | New |
| TONT Graf Global Corp. Class A | 0.44% | 250,000 | $2.5M | New |
| LPAA Launch One Acquisition Corp. | 0.43% | 250,000 | $2.5M | New |
| FACTU Fact II Acquisition Corp. | 0.43% | 250,000 | $2.5M | New |
| BSII Black Spade Acquisition II C | 0.43% | 250,000 | $2.5M | No change |
| VMO Invesco Municipal Opport | 0.43% | 254,394 | $2.5M | No change |
| JWN Nordstrom Inc. | 0.40% | 96,957 | $2.3M | Reduce -11.0% |
| DMB BNY Mellon Muni BND Infra | 0.40% | 225,910 | $2.3M | Add +79.4% |
| MBI Mbia Inc. | 0.38% | 344,431 | $2.2M | Reduce -59.2% |
| SBI Western Asset Intermediate | 0.36% | 271,438 | $2.1M | Add +58.3% |
| WBD Warner Bros Discovery Inc. | 0.35% | 191,832 | $2.0M | Reduce -26.7% |
| POLEU Andretti Acquisition Corp. II | 0.35% | 200,000 | $2.0M | No change |
| MERC Mercer International Inc. | 0.32% | 284,014 | $1.8M | Add +11.8% |
| JACS.U Jackson Acquisition Co. II | 0.30% | 175,000 | $1.8M | New |
| KSS Kohls Corp. | 0.30% | 123,320 | $1.7M | Add +96.5% |
| PARAA Paramount Global Class B | 0.29% | 158,723 | $1.7M | Reduce -3.0% |
| HOUS Anywhere Real Estate Inc. | 0.28% | 483,489 | $1.6M | Add +21.3% |
| XBNYX BlackRock New York Muni Inc. | 0.27% | 155,471 | $1.6M | Add +88.4% |
| UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP | 0.27% | 150,000 | $1.5M | No change |
| MHN BlackRock Muniholding NY QLT | 0.26% | 147,993 | $1.5M | No change |
| WHR Whirlpool Corp. | 0.26% | 13,350 | $1.5M | New |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 0.26% | 150,000 | $1.5M | No change |
| VACH Voyager Acquisition Corp. | 0.26% | 150,000 | $1.5M | No change |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.25% | 128,019 | $1.4M | Reduce -8.2% |
| BKHA Black Hawk Acquisition Cor-A | 0.22% | 125,000 | $1.3M | No change |
| CAPNU Cayson Acquisition Corp. | 0.22% | 125,000 | $1.3M | No change |
| AFB Allianceberstein NTL Muni | 0.21% | 113,955 | $1.2M | No change |
| DYCQ DT Cloud Acquisition Corp. | 0.19% | 107,306 | $1.1M | No change |
| FVNNU Future Vision II Acq Corp. | 0.18% | 100,000 | $1.1M | No change |
| R Ryder System Inc. | 0.18% | 6,514 | $1.0M | Reduce -35.0% |
| MUE BlackRock Munihold QLT FD II | 0.17% | 101,047 | $1.0M | No change |
| CUB Lionheart Holdings Class A | 0.17% | 100,000 | $1.0M | No change |
| AZUL S A | 0.16% | 559,775 | $935K | Add +39.0% |
| CXE MFS High Income Municipal TR | 0.15% | 229,223 | $844K | Add +96.5% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.14% | 72,679 | $821K | Reduce -90.8% |
| VOD Vodafone Group PLC-SP ADR | 0.13% | 90,585 | $769K | No change |
| NN Nextnav Inc. | 0.10% | 36,299 | $565K | Reduce -49.6% |
| MTBA Simplify MBS ETF | 0.10% | 11,306 | $562K | New |
| HAYMAKER ACQUISITION CORP 4 | 0.09% | 50,000 | $539K | No change |
| FMN Federated Herm Prem Muni Inc. | 0.09% | 46,426 | $507K | New |
| DTSQ DT Cloud Star Acquisition Co. | 0.09% | 50,000 | $504K | No change |
| CXH MFS Investment Grade Muni | 0.07% | 49,454 | $395K | No change |
| OPITQ Office Properties Income Tru | 0.05% | 291,197 | $291K | Add +84.7% |
| AMC AMC Entertainment HLDS Class A | 0.05% | 71,686 | $285K | New |
| MGM MGM Resorts International | 0.05% | 7,912 | $274K | Add +3.3% |
| CVS CVS Health Corp. | 0.04% | 5,550 | $249K | New |
| FARO Faro Technologies Inc. | 0.04% | 8,113 | $206K | New |
| HTZ Hertz Global Hldgs Inc. | 0.03% | 50,440 | $185K | New |
| URGENTLY INC | 0.02% | 278,189 | $142K | No change |
| BYND Beyond Meat Inc. | 0.01% | 20,557 | $77K | New |
| ENGENE HOLDINGS INC | 0.00% | 33,333 | $28K | No change |
Options reported separately and not counted above: SPY puts ($410.3M), XOP puts ($72.8M), KKR puts ($66.6M), OIH puts ($40.7M), AAPL puts ($37.6M), LUMN puts ($25.5M), RIVN puts ($19.9M), MARA puts ($18.4M), WOLF puts ($13.3M), RUN puts ($11.6M), HLF puts ($11.4M), AMC puts ($8.8M), and 8 more.
Other holdings (159): bonds, preferreds, convertibles and warrants · $2.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 100,720,000 | $208.0M | Add +4.7% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 116,050,000 | $153.8M | New |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 66,584,000 | $144.3M | Add +7.3% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 55,100,000 | $121.8M | Reduce -5.2% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 67,486,000 | $78.8M | Add +1.5% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 58,595,000 | $74.2M | Add +34.7% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 51,000,000 | $69.5M | New |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 49,862,000 | $68.8M | Add +152.9% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 35,500,000 | $62.7M | Reduce -38.7% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 27,482,000 | $59.6M | Add +7.8% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 62,737,000 | $56.0M | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 39,442,000 | $54.9M | Add +57.7% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 53,200,000 | $53.7M | Add +6.0% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 36,500,000 | $47.8M | Reduce -6.4% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 43,334,845 | $45.7M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 61,287,000 | $44.6M | Add +41.6% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 35,750,000 | $44.5M | No change |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 72,652,000 | $43.0M | Reduce -9.1% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 650,000 | $39.6M | New |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 37,450,000 | $39.2M | No change |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | 34,750,000 | $34.7M | No change |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 32,813,000 | $34.6M | Reduce -1.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 32,421,000 | $34.0M | Add +170.2% |
| CANADIAN SOLAR INC (CSIQ 2.5 10/01/25) | NOTE 2.500%10/0 · principal | 35,382,000 | $32.9M | No change |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 36,884,000 | $28.3M | Add +2.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 25,000,000 | $27.4M | New |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 61,000,000 | $25.3M | Reduce -20.8% |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | 16,250,000 | $25.1M | No change |
| ZYNEX INC (ZYXI 5 05/15/26) | NOTE 5.000% 5/1 · principal | 25,000,000 | $24.7M | No change |
| ARTIVION INC (AORT 4.25 07/01/25) | NOTE 4.250% 7/0 · principal | 19,250,000 | $24.7M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 18,524,000 | $22.3M | New |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 30,544,000 | $22.1M | Add +3.4% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 20,000,000 | $21.7M | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 20,000,000 | $19.2M | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 17,930,000 | $18.9M | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 26,000,000 | $17.8M | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 10,783,000 | $14.6M | Reduce -18.8% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 12,000,000 | $13.4M | Reduce -22.6% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 43,663,000 | $12.7M | No change |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 12,500,000 | $12.0M | New |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | 27,753,000 | $11.9M | Add +7.8% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 8,750,000 | $11.8M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 11,500,000 | $10.3M | Reduce -8.0% |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 10,605,000 | $9.8M | New |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 7,550,000 | $9.7M | No change |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 9,279,000 | $9.1M | No change |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 8,857,000 | $9.0M | New |
| OMEROS CORP (OMER 5.25 02/15/26) | NOTE 5.250% 2/1 · principal | 8,760,000 | $8.2M | Add +3.1% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 50,153,000 | $7.6M | Reduce -20.4% |
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | 11,015,348 | $7.4M | Add +63.7% |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 29,912,000 | $7.3M | Add +84.6% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 7,861,000 | $7.1M | No change |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 7,639,000 | $6.8M | No change |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 6,300,000 | $6.0M | New |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 10,004,000 | $5.4M | No change |
| EXACT SCIENCES CORP (EXAS 1 01/15/25) | NOTE 1.000% 1/1 · principal | 5,000,000 | $5.0M | New |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 14,559,000 | $4.5M | No change |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 6,000,000 | $4.4M | No change |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 5,685,000 | $4.4M | No change |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | 7,650,000 | $3.1M | No change |
| CARDLYTICS INC (CDLX 1 09/15/25) | NOTE 1.000% 9/1 · principal | 3,000,000 | $2.7M | No change |
| INNOVATE CORP (VATE 7.5 08/01/26 *) | NOTE 7.500% 8/0 · principal | 6,887,000 | $2.4M | No change |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | 2,000,000 | $2.0M | No change |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 3,250,000 | $1.2M | No change |
| CUTERA INC (CUTR 4 06/01/29) | NOTE 4.000% 6/0 · principal | 10,390,000 | $883K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 228,088 | $490K | Reduce -55.7% |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 16,833 | $91K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 400,000 | $90K | New |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 54,069 | $86K | Reduce -21.4% |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | 150,000 | $67K | New |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | 100,000 | $60K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 399,000 | $60K | New |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 50,000 | $55K | No change |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 190,419 | $53K | No change |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 804,500 | $52K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 21,750 | $45K | Reduce -5.4% |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 150,000 | $42K | No change |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 300,000 | $36K | New |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 99,997 | $36K | New |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 255,571 | $35K | Add +104.5% |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | 46,500 | $34K | Reduce -7.0% |
| BSIIW Black Spade Acquisition -30 | *W EXP 02/15/202 | 83,333 | $34K | New |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 475,000 | $33K | Add +111.1% |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 146,256 | $31K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 250,000 | $27K | New |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 25,000 | $25K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 464,261 | $24K | New |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | 225,000 | $24K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 193,612 | $23K | Add +158.2% |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | 34,875 | $17K | New |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 125,000 | $16K | No change |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 107,306 | $16K | No change |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 69,750 | $16K | Reduce -7.0% |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | 68,000 | $15K | No change |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | 116,194 | $15K | Reduce -7.0% |
| RFACR RF Acquisition Corp.- Rights | RIGHT 05/01/2028 | 95,000 | $15K | Reduce -5.0% |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 213,750 | $14K | Reduce -5.0% |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 75,000 | $14K | New |
| VSEEW Digital Health Acquist-CW23 | *W EXP 99/99/999 | 232,500 | $12K | Reduce -7.0% |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 148,800 | $11K | Reduce -7.0% |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 44,755 | $11K | No change |
| MOBXW Chavrant Capital Acq -CW23 | *W EXP 12/21/202 | 93,000 | $11K | Reduce -7.0% |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 100,000 | $11K | No change |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | 225,000 | $11K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 162,750 | $11K | Reduce -7.0% |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | 100,000 | $10K | No change |
| LAKESHORE BIOPHARMA CO LTD | *W EXP 03/15/202 | 125,000 | $10K | No change |
| EGUVF Evergreen Corporation -CW27 | *W EXP 02/08/202 | 332,500 | $9K | Reduce -5.0% |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 50,422 | $9K | Reduce -5.4% |
| BNIXR Bannix Acquisition Corp.-RTS | RIGHT 07/31/2026 | 93,000 | $9K | Reduce -7.0% |
| VMCWF Valuence Merger Corp. -CW27 | *W EXP 99/99/999 | 252,525 | $9K | New |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 35,000 | $8K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 174,000 | $8K | Reduce -5.4% |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 69,750 | $8K | Reduce -7.0% |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | 191,579 | $7K | Reduce -4.2% |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 50,000 | $7K | No change |
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | 42,300 | $6K | Reduce -6.0% |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 69,750 | $6K | New |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 05/23/202 | 118,750 | $6K | Reduce -5.0% |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 50,000 | $6K | New |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 150,000 | $5K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 23,500 | $5K | Reduce -6.0% |
| BUJAR Bukit Jalil Global Acquisiti | RIGHT 12/30/2024 | 50,000 | $5K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 46,500 | $5K | Reduce -7.0% |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 23,250 | $5K | New |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 86,292 | $5K | Reduce -7.0% |
| HOLLEY INC | *W EXP 11/30/202 | 79,311 | $4K | No change |
| PLMWF Plum Acquisition Corp. III-CW | *W EXP 03/31/202 | 23,250 | $4K | Reduce -7.0% |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 71,250 | $4K | Reduce -5.0% |
| ESLAW Tradeup Acquisition Corp.-CW | *W EXP 09/29/202 | 42,293 | $4K | Reduce -7.0% |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 96,838 | $4K | Reduce -7.0% |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 75,000 | $4K | No change |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 25,000 | $4K | New |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 25,000 | $4K | No change |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 164,500 | $3K | Reduce -6.0% |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 68,000 | $3K | No change |
| ZOOZW Zooz Strategy Ltd.-29 | *W EXP 04/02/202 | 58,750 | $3K | Reduce -6.0% |
| RFACW RF Acquisition Corp.-CW27 | *W EXP 05/01/202 | 95,000 | $3K | Reduce -5.0% |
| RMSGW Real Messenger Corp.-28 | *W EXP 11/19/202 | 74,400 | $3K | New |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 18,600 | $3K | Reduce -7.0% |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | 34,875 | $3K | Reduce -7.0% |
| AITRR AI Transportation Acquis-RTS | RIGHT 09/01/2028 | 20,000 | $3K | No change |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | 93,000 | $3K | Reduce -7.0% |
| REEWF Cartesian Growth Corp. II -28 | *W EXP 07/12/202 | 33,333 | $3K | No change |
| GATEW Marblegate Acquisition -CW22 | *W EXP 08/31/202 | 81,375 | $2K | Reduce -7.0% |
| AIMWF Aimfinity Investment-CW27 | *W EXP 99/99/999 | 336,000 | $2K | Reduce -4.0% |
| FTIIW Futuretech II Acq -CW27 | *W EXP 08/18/202 | 144,020 | $2K | Reduce -5.0% |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 13,700 | $2K | Reduce -3.5% |
| TETWF Technology & Telecommuni -27 | *W EXP 04/15/202 | 117,500 | $2K | Reduce -6.0% |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 | 56,416 | $2K | Reduce -7.0% |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 41,500 | $2K | Reduce -9.8% |
| DISTW Distoken Acquisition Corp.-28 | *W EXP 11/30/202 | 100,000 | $2K | No change |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | 21,150 | $2K | Reduce -6.0% |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 81,519 | $2K | Reduce -5.4% |
| ECD AUTOMOTIVE DESIGN INC | *W EXP 12/12/202 | 90,000 | $1K | No change |
| OCEAW Aesther Healthcare Acq -CW23 | *W EXP 02/14/202 | 46,500 | $1K | Reduce -7.0% |
| ONMDW Data Knights Acq Class A -CW28 | *W EXP 11/07/202 | 49,700 | $1K | No change |
| PITWF Heramba Electric PLC-28 | *W EXP 07/26/202 | 23,250 | $993 | Reduce -7.0% |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 25,000 | $208 | No change |
Total filed on the 13F, all lines: $2.7B.
Portfolio Sells Q3 2024 → Q4 2024
| LBRDK Liberty Broadband-C | Reduce -59.8% | 11.55% | −12.30 |
| SIRI Sirius XM Holdings Inc. | Reduce -68.0% | 1.48% | −2.38 |
| BITO Proshares Bitcoin ETF-Usd | Sold out | 0.00% | −1.86 |
| ACI Albertsons Cos Inc. Class A | Reduce -62.9% | 1.71% | −1.77 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -90.8% | 0.14% | −1.16 |
| TFPM Triple Flag Precious Met | Reduce -24.6% | 5.98% | −0.88 |
| EQC Equity Commonwealth | Sold out | 0.00% | −0.73 |
| GM General Motors Co. | Reduce -52.9% | 0.70% | −0.30 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −0.28 |
| BOX Box Inc. Class A | Sold out | 0.00% | −0.20 |
| XNXJX Nuveen NJ QLTY Muni Inc. | Sold out | 0.00% | −0.18 |
| T AT&T Inc. | Sold out | 0.00% | −0.17 |
| ELBM Electra Battery Materials Co. | Sold out | 0.00% | −0.14 |
| GRFS Grifols SA-ADR | Reduce -6.5% | 5.07% | −0.13 |
| KVACF Keen Vision Acquisition Corp. | Sold out | 0.00% | −0.11 |
| UP Wheels Up Experience Inc. | Reduce -6.2% | 3.07% | −0.07 |
| EBS Emergent Biosolutions Inc. | Sold out | 0.00% | −0.05 |
| QETA Quetta Acquisition Corp. | Sold out | 0.00% | −0.04 |
| MBI Mbia Inc. | Reduce -59.2% | 0.38% | −0.03 |
| AITR AI Transportation Acquisitio | Sold out | 0.00% | −0.03 |
| TSEOQ Trinseo PLC | Sold out | 0.00% | −0.03 |
| R Ryder System Inc. | Reduce -35.0% | 0.18% | −0.03 |
| XNOMX Nuveen Mo QLTY Muni Inc. | Sold out | 0.00% | −0.02 |
| NAZ Nuveen Az QLTY Muni Inc. | Sold out | 0.00% | −0.02 |
| ESPR Esperion Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| BURTECH ACQUISITION CORP | Sold out | 0.00% | −0.01 |
| POLESTAR AUTOMOTIVE HLDG UK | Sold out | 0.00% | −0.00 |
| NORTHVIEW ACQUISITION CORP | Sold out | 0.00% | −0.00 |
| AMODW Insight Acquisition Corp. | Sold out | 0.00% | −0.00 |
| ABPWW Atlantic Coastal Aqstn Corp. | Sold out | 0.00% | −0.00 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Reduce -8.2% | 0.25% | +0.00 |
| NN Nextnav Inc. | Reduce -49.6% | 0.10% | +0.02 |
| BHC Bausch Health Cos Inc. | Reduce -17.1% | 1.66% | +0.03 |
| PARAA Paramount Global Class B | Reduce -3.0% | 0.29% | +0.05 |
| WBD Warner Bros Discovery Inc. | Reduce -26.7% | 0.35% | +0.05 |
| NCMI National Cinemedia Inc. | Reduce -10.7% | 1.42% | +0.06 |
| JWN Nordstrom Inc. | Reduce -11.0% | 0.40% | +0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| HES Hess Corp. | New | 2.47% | +2.47 |
| CIVI Civitas Resources Inc. | Add +113.4% | 2.91% | +1.70 |
| GPOR Gulfport Energy Corp. | Add +11.2% | 3.68% | +1.49 |
| LBRDA Liberty Broadband-A | Add +74.6% | 2.65% | +1.39 |
| BLCO Bausch + Lomb Corp. | Add +16.1% | 4.50% | +1.17 |
| HEI.A Heico Corp. Class A | Add +7.9% | 5.14% | +0.95 |
| CCIR Cohen Circle Acquisitio Class A | New | 0.78% | +0.78 |
| PPLI People Inc. | Add +12.7% | 6.99% | +0.77 |
| DCH Dauch Corporation | Add +33.7% | 1.90% | +0.69 |
| WLACU Willow Lane Acquisition Corp. | New | 0.69% | +0.69 |
| DRDBU Roman DBDR Acquisition Corp. | New | 0.69% | +0.69 |
| CHAR Charlton Aria Acquisiti Class A | New | 0.69% | +0.69 |
| BEAG Bold Eagle Acquisition Cor-A | New | 0.68% | +0.68 |
| NOEMU CO2 Energy Transition Corp. | New | 0.67% | +0.67 |
| LPBBU Launch Two Acquisition Corp. | New | 0.61% | +0.61 |
| SVC Service Pptys TR | Add +234.8% | 0.94% | +0.54 |
| TAVI Tavia Acquisition Corp. | New | 0.51% | +0.51 |
| DSM BNYM Strat Muni BND | Add +222.7% | 0.62% | +0.46 |
| OACCU Oaktree Acquisition III Life | New | 0.44% | +0.44 |
| TONT Graf Global Corp. Class A | New | 0.44% | +0.44 |
| LPAA Launch One Acquisition Corp. | New | 0.43% | +0.43 |
| FACTU Fact II Acquisition Corp. | New | 0.43% | +0.43 |
| TGNA Tegna Inc. | Add +459.6% | 0.45% | +0.39 |
| JACS.U Jackson Acquisition Co. II | New | 0.30% | +0.30 |
| WHR Whirlpool Corp. | New | 0.26% | +0.26 |
| GT Goodyear Tire & Rubber Co. | Add +1.0% | 1.09% | +0.24 |
| DMB BNY Mellon Muni BND Infra | Add +79.4% | 0.40% | +0.21 |
| SBI Western Asset Intermediate | Add +58.3% | 0.36% | +0.17 |
| CAR Avis Budget Group Inc. | Add +20.4% | 0.55% | +0.15 |
| XBNYX BlackRock New York Muni Inc. | Add +88.4% | 0.27% | +0.15 |
| KSS Kohls Corp. | Add +96.5% | 0.30% | +0.12 |
| MTBA Simplify MBS ETF | New | 0.10% | +0.10 |
| FMN Federated Herm Prem Muni Inc. | New | 0.09% | +0.09 |
| CXE MFS High Income Municipal TR | Add +96.5% | 0.15% | +0.08 |
| MERC Mercer International Inc. | Add +11.8% | 0.32% | +0.08 |
| THC Tenet Healthcare Corp. | Add +21.0% | 0.56% | +0.07 |
| AMC AMC Entertainment HLDS Class A | New | 0.05% | +0.05 |
| CVS CVS Health Corp. | New | 0.04% | +0.04 |
| CCO Clear Channel Outdoor Holdin | Add +2.6% | 0.44% | +0.04 |
| FARO Faro Technologies Inc. | New | 0.04% | +0.04 |
| HTZ Hertz Global Hldgs Inc. | New | 0.03% | +0.03 |
| BYND Beyond Meat Inc. | New | 0.01% | +0.01 |
| MGM MGM Resorts International | Add +3.3% | 0.05% | +0.01 |
| OPITQ Office Properties Income Tru | Add +84.7% | 0.05% | +0.00 |
| HOUS Anywhere Real Estate Inc. | Add +21.3% | 0.28% | −0.01 |
| CSTM Constellium SE | Add +23.5% | 0.98% | −0.03 |
| AZUL S A | Add +39.0% | 0.16% | −0.03 |
| CYH Community Health Systems Inc. | Add +57.2% | 1.19% | −0.04 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -27.8% | 700,000 | $410.3M |
| RCL Royal Caribbean Cruises Ltd. | put | Sold out | 750,000 | $133.0Mbefore exit |
| KKR KKR & Co. Inc. | put | Reduce -43.8% | 450,000 | $66.6M |
| IWM iShares Russell 2000 ETF | put | Sold out | 300,000 | $66.3Mbefore exit |
| OIH Vaneck Oil Services ETF | put | Reduce -40.0% | 150,000 | $40.7M |
| AAPL Apple Inc. | put | Reduce -50.0% | 150,000 | $37.6M |
| CCL Carnival Corp. | put | Sold out | 1,750,000 | $32.3Mbefore exit |
| CNK Cinemark Holdings Inc. | put | Sold out | 1,000,000 | $27.8Mbefore exit |
| LUMN Lumen Technologies Inc. | put | Reduce -17.2% | 4,800,000 | $25.5M |
| MSTR Strategy Inc. | put | Sold out | 110,000 | $18.5Mbefore exit |
| MARA Mara Holdings Inc. | put | New | 1,100,000 | $18.4M |
| UAL United Airlines Holdings Inc. | put | Sold out | 270,000 | $15.4Mbefore exit |
| HLF Herbalife Ltd. | put | Reduce -43.3% | 1,700,000 | $11.4M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 22,100 | $10.8Mbefore exit |
| AAL American Airlines Group Inc. | put | Reduce -71.4% | 500,000 | $8.7M |
| NOVAQ Sunnova Energy International | put | Sold out | 800,000 | $7.8Mbefore exit |
| BYND Beyond Meat Inc. | put | Reduce -4.8% | 1,951,800 | $7.3M |
| EBS Emergent Biosolutions Inc. | put | Sold out | 500,000 | $4.2Mbefore exit |
| UPST Upstart Holdings Inc. | put | Sold out | 100,000 | $4.0Mbefore exit |
| BE Bloom Energy Corp. Class A | put | Sold out | 340,000 | $3.6Mbefore exit |
| AZUL S A | put | Add +100.0% | 1,000,000 | $1.7M |
| SAVEQ Spirit Airlines Inc. | put | Sold out | 500,000 | $1.2Mbefore exit |
| OPITQ Office Properties Income Tru | call | Sold out | 500,000 | $1.1Mbefore exit |
| SAVEQ Spirit Airlines Inc. | call | Sold out | 300,000 | $720Kbefore 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 2024 → Q4 2024
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Add +4.7% | 100,720,000 | $208.0M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 116,050,000 | $153.8M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Add +7.3% | 66,584,000 | $144.3M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Reduce -5.2% | 55,100,000 | $121.8M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +1.5% | 67,486,000 | $78.8M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +34.7% | 58,595,000 | $74.2M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | New | 51,000,000 | $69.5M |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Add +152.9% | 49,862,000 | $68.8M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Reduce -38.7% | 35,500,000 | $62.7M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Add +7.8% | 27,482,000 | $59.6M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 62,737,000 | $56.0M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +57.7% | 39,442,000 | $54.9M |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | Add +6.0% | 53,200,000 | $53.7M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Reduce -6.4% | 36,500,000 | $47.8M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | New | 43,334,845 | $45.7M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Add +41.6% | 61,287,000 | $44.6M |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | Reduce -9.1% | 72,652,000 | $43.0M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 650,000 | $39.6M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Sold out | 30,250,000 | $36.4Mbefore exit |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | Reduce -1.3% | 32,813,000 | $34.6M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Add +170.2% | 32,421,000 | $34.0M |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Add +2.8% | 36,884,000 | $28.3M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | New | 25,000,000 | $27.4M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -20.8% | 61,000,000 | $25.3M |
| ESPERION THERAPEUTICS (ESPR 4 11/15/25) | NOTE 4.000%11/1 · principal | Sold out | 23,850,000 | $22.6Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 18,524,000 | $22.3M |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Add +3.4% | 30,544,000 | $22.1M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 20,000,000 | $21.7M |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Sold out | 16,074,000 | $19.5Mbefore exit |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | New | 17,930,000 | $18.9M |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | Reduce -18.8% | 10,783,000 | $14.6M |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | Reduce -22.6% | 12,000,000 | $13.4M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | New | 12,500,000 | $12.0M |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | Add +7.8% | 27,753,000 | $11.9M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | New | 8,750,000 | $11.8M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 8,668,000 | $10.6Mbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -8.0% | 11,500,000 | $10.3M |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | New | 10,605,000 | $9.8M |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | Sold out | 10,755,000 | $9.5Mbefore exit |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | New | 8,857,000 | $9.0M |
| OMEROS CORP (OMER 5.25 02/15/26) | NOTE 5.250% 2/1 · principal | Add +3.1% | 8,760,000 | $8.2M |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Reduce -20.4% | 50,153,000 | $7.6M |
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | Add +63.7% | 11,015,348 | $7.4M |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | Add +84.6% | 29,912,000 | $7.3M |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | Sold out | 7,300,000 | $6.5Mbefore exit |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | New | 6,300,000 | $6.0M |
| EXACT SCIENCES CORP (EXAS 1 01/15/25) | NOTE 1.000% 1/1 · principal | New | 5,000,000 | $5.0M |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | Sold out | 9,577,000 | $2.9Mbefore exit |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | Sold out | 2,700,000 | $2.7Mbefore exit |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Reduce -55.7% | 228,088 | $490K |
Showing the first 50 of 176.
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 | 306 | $1.9B | PEN, TECH, WBS, CZR, AZUL |
| Q1 2026Amended | 276 | $1.8B | GTLS, PEN, WBS, SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29), LBRDK |
| Q4 2025Amended | 233 | $1.6B | SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29), CADE, GTLS, CMA, CYBR |
| Q3 2025Amended | 185 | $1.5B | VRNA, SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29), LBRDK, CYBR, COOP |
| Q2 2025Amended | 165 | $1.4B | SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29), LBRDK, CHX, COOP, AZEK |
| Q1 2025Amended | 126 | $1.2B | SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29), BERY, LBRDK, SPY, CHX |
| Q4 2024Amended | 94 | $579.3M | LBRDK, PPLI, TFPM, HEI.A, GRFS |
| Q3 2024Amended | 94 | $721.0M | LBRDK, TFPM, PPLI, GRFS, HEI.A |
| Q2 2024Amended | 98 | $745.0M | LBRDK, PPLI, TFPM, VAL, CHRD |
| Q1 2024Amended | 87 | $773.4M | LBRDK, PPLI, TFPM, AESI, VAL |