Wolverine Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Wolverine Asset Management LLC reported 742 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 1.5% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 1.5%) and Nvidia (NVDA, 1.5%). Compared with Q4 2024, it opened 217 new positions, sold out of 215, added to 252 and reduced 164. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +1087%) and the biggest sale Fidelity Wise Origin Bitcoin (FBTC, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001279891
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001279891-25-000020 ↗ filed May 12, 2025
Holdings Value
Holdings 742 stocks · $1.3B
| MSFT Microsoft Corp. | 1.52% | 54,179 | $20.3M | Add +172.8% |
| IBIT iShares Bitcoin Trust ETF | 1.48% | 421,153 | $19.7M | Add +1086.5% |
| NVDA Nvidia Corp. | 1.46% | 180,326 | $19.5M | Add +267.0% |
| AAM Aa Mission Acquisition Cor-A | 1.42% | 1,817,902 | $19.0M | Add +16.6% |
| AAPL Apple Inc. | 1.33% | 80,131 | $17.8M | Add +1761.3% |
| SNAP Snap Inc. Class A | 1.29% | 1,980,788 | $17.3M | Add +268.8% |
| GOOGL Alphabet Inc. Class A | 1.28% | 110,675 | $17.1M | Add +1314.4% |
| AMD Advanced Micro Devices | 1.21% | 156,680 | $16.1M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 1.16% | 81,233 | $15.5M | Add +6.1% |
| OXY Occidental Petroleum Corp. | 1.13% | 304,267 | $15.0M | New |
| VACH Voyager Acquisition Corp. | 1.08% | 1,409,806 | $14.4M | Add +46.8% |
| ANSC Agriculture & Natural Soluti | 0.97% | 1,214,987 | $13.0M | Add +5.2% |
| MACI Melar Acquisition Corp. I-A | 0.92% | 1,194,001 | $12.2M | Add +264.9% |
| GOOG Alphabet Inc. Class C | 0.90% | 76,649 | $12.0M | Add +100753.9% |
| FBTC Fidelity Wise Origin Bitcoin | 0.87% | 161,813 | $11.6M | Reduce -83.5% |
| MS Morgan Stanley | 0.87% | 99,159 | $11.6M | Add +154.1% |
| ACN Accenture PLC Class A | 0.86% | 36,923 | $11.5M | Add +309.1% |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 0.83% | 1,106,088 | $11.1M | Add +408.3% |
| TXN Texas Instruments Inc. | 0.82% | 61,239 | $11.0M | Add +45.9% |
| AVGO Broadcom Inc. | 0.81% | 64,491 | $10.8M | New |
| GSRT GSR III Acquisition Corp. | 0.80% | 1,063,447 | $10.6M | Add +374.3% |
| VCIC Vine Hill Capital Class A | 0.77% | 1,015,734 | $10.3M | Add +452.9% |
| ETHA iShares Ethereum Trust ETF | 0.75% | 721,254 | $10.0M | Add +110.9% |
| TSLA Tesla Inc. | 0.75% | 38,372 | $9.9M | Reduce -44.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.74% | 237,356 | $9.9M | Add +306.5% |
| ARES ACQUISITION CORP II | 0.66% | 791,918 | $8.8M | Reduce -2.1% |
| NETD Nabors Energy Transition C-A | 0.66% | 799,764 | $8.8M | Add +26.1% |
| SBUX Starbucks Corp. | 0.66% | 89,168 | $8.7M | Add +40.0% |
| CUB Lionheart Holdings Class A | 0.64% | 834,681 | $8.6M | Add +55.8% |
| HAYMAKER ACQUISITION CORP 4 | 0.61% | 746,664 | $8.2M | Add +5.8% |
| TDAC Translational Development Ac | 0.58% | 767,085 | $7.7M | New |
| SPKLF Spark I Acquisition Corp. | 0.55% | 682,588 | $7.4M | Add +43.4% |
| CHAR Charlton Aria Acquisiti Class A | 0.54% | 719,900 | $7.3M | Add +47.3% |
| RANG Range Capital Acquisition Co. | 0.54% | 722,214 | $7.3M | Add +312.7% |
| SIMA Sim Acquisition Corp. I-A | 0.54% | 706,302 | $7.2M | Add +14.2% |
| CHEB Chenghe Acquisition II Co. | 0.54% | 700,459 | $7.2M | Add +35.7% |
| LPBB Launch Two Acquisition Class A | 0.52% | 687,348 | $7.0M | Add +71.0% |
| KVACF Keen Vision Acquisition Corp. | 0.52% | 617,323 | $6.9M | Reduce -0.9% |
| LPAA Launch One Acquisition Corp. | 0.52% | 675,755 | $6.9M | Add +32.3% |
| IBAC Ib Acquisition Corp. | 0.51% | 662,496 | $6.8M | Add +16.6% |
| ADBE Adobe Inc. | 0.51% | 17,621 | $6.8M | Reduce -44.3% |
| CRM Salesforce Inc. | 0.50% | 24,933 | $6.7M | Add +1211.6% |
| POLE Andretti Acquisition Corp. Class A | 0.50% | 658,099 | $6.7M | Add +234.9% |
| RFAI RF Acquisition Corp. II | 0.49% | 630,855 | $6.5M | Add +6.4% |
| W Wayfair Inc. Class A | 0.48% | 200,841 | $6.4M | Reduce -13.9% |
| WFC Wells Fargo & Co. | 0.47% | 86,606 | $6.2M | Add +116.2% |
| CCL Carnival Corp. | 0.46% | 315,510 | $6.2M | Reduce -30.0% |
| LOW Lowe's Cos Inc. | 0.46% | 26,050 | $6.1M | Add +10489.4% |
| DMAA Drugs Made in America Acquis | 0.45% | 603,038 | $6.0M | New |
| ORC Orchid Island Capital Inc. | 0.45% | 798,360 | $6.0M | Add +416.3% |
| META Meta Platforms Inc. Class A | 0.45% | 10,361 | $6.0M | Reduce -19.6% |
| MLACU Mountain Lake Acquisition Co. | 0.44% | 575,000 | $5.9M | No change |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.43% | 563,976 | $5.7M | Add +86.3% |
| UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP | 0.42% | 535,815 | $5.6M | Add +18.5% |
| ALDF Aldel Financial II Inc. | 0.41% | 547,122 | $5.5M | New |
| DTSQ DT Cloud Star Acquisition Co. | 0.41% | 539,469 | $5.5M | Add +0.3% |
| TCBI Texas Capital Bancshares Inc. | 0.40% | 71,915 | $5.4M | Add +36.9% |
| GLACF Global Lights Acquisition Co. | 0.40% | 491,902 | $5.3M | Reduce -0.4% |
| ITCI Intra-Cellular Therapies Inc. | 0.40% | 40,265 | $5.3M | New |
| JWN Nordstrom Inc. | 0.40% | 217,199 | $5.3M | Add +8253.8% |
| JVSA Jvspac Acquisition Corp. Class A | 0.40% | 495,315 | $5.3M | Add +4.2% |
| CAPN Cayson Acquisition Corp. | 0.39% | 515,107 | $5.3M | Add +27.6% |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 0.39% | 510,524 | $5.2M | Add +16.8% |
| FSHP Flag Ship Acquisition Corp. | 0.38% | 487,559 | $5.0M | Add +4.9% |
| EURK Eureka Acquisition Corp. | 0.38% | 487,940 | $5.0M | Add +0.1% |
| LIN Linde PLC | 0.37% | 10,496 | $4.9M | Reduce -39.0% |
| MLAC Mountain Lake Acquisition-A | 0.36% | 479,517 | $4.8M | New |
| CRH CRH PLC | 0.35% | 53,000 | $4.7M | Add +20.4% |
| AITR AI Transportation Acquisitio | 0.34% | 419,616 | $4.6M | Reduce -0.2% |
| SCHW Schwab (charles) Corp. | 0.34% | 57,575 | $4.5M | Add +147.9% |
| HSPOF Horizon Space Acquisition I | 0.34% | 377,729 | $4.5M | Reduce -5.3% |
| AFJK Aimei Health Technology Co. | 0.34% | 407,799 | $4.5M | Reduce -37.6% |
| WLAC Willow Lane Acquisition Class A | 0.34% | 446,680 | $4.5M | Add +446580.0% |
| AMAT Applied Materials Inc. | 0.34% | 30,805 | $4.5M | Add +293.4% |
| PDCO Patterson Cos Inc. | 0.33% | 142,530 | $4.5M | Add +460.4% |
| PGACU Pantages Capital Acquisition filed as AIFEEX NEXUS ACQUISITION COR | 0.33% | 429,700 | $4.4M | No change |
| LITE Lumentum Holdings Inc. | 0.33% | 70,199 | $4.4M | New |
| TAVIU Tavia Acquisition Corp. | 0.32% | 420,000 | $4.3M | No change |
| QCOM Qualcomm Inc. | 0.32% | 27,925 | $4.3M | Reduce -6.4% |
| INTC Intel Corp. | 0.32% | 185,239 | $4.2M | Add +224.2% |
| TY Tri-Continental Corp. | 0.31% | 134,784 | $4.1M | Add +6.2% |
| TGT Target Corp. | 0.31% | 39,079 | $4.1M | New |
| CUBI Customers Bancorp Inc. | 0.30% | 81,034 | $4.1M | Add +31.4% |
| HSPT Horizon Space Acquisition II | 0.30% | 397,655 | $4.0M | New |
| LEGT Legato Merger Corp. III | 0.30% | 382,043 | $4.0M | Add +570.6% |
| TONT Graf Global Corp. Class A | 0.30% | 388,042 | $4.0M | Add +23.0% |
| TAVI Tavia Acquisition Corp. | 0.30% | 394,203 | $4.0M | New |
| DYCQ DT Cloud Acquisition Corp. | 0.30% | 367,743 | $3.9M | Add +57.5% |
| WBA Walgreens Boots Alliance Inc. | 0.30% | 352,653 | $3.9M | Add +78.6% |
| ARR Armour Residential REIT Inc. | 0.30% | 230,238 | $3.9M | New |
| BAYA Bayview Acquisition Corp. Class A | 0.29% | 360,045 | $3.9M | Add +4.6% |
| SVCCU Stellar V Capital Corp. | 0.28% | 375,000 | $3.8M | New |
| NFLX Netflix Inc. | 0.28% | 4,067 | $3.8M | New |
| DRDB Roman DBDR Acquisition Corp. | 0.28% | 369,923 | $3.7M | New |
| DESP Despegar.com Corp. | 0.28% | 197,094 | $3.7M | New |
| TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP | 0.28% | 277,071 | $3.7M | Reduce -60.1% |
| BKHA Black Hawk Acquisition Cor-A | 0.28% | 351,530 | $3.7M | Add +10.2% |
| AG First Majestic Silver Corp. | 0.27% | 547,004 | $3.7M | Add +38.2% |
| ASGI Abrdn Global Infrastructure | 0.27% | 196,033 | $3.6M | Add +1104.7% |
| CET Central Securities Corp. | 0.27% | 79,881 | $3.6M | Add +254.7% |
Options reported separately and not counted above: MSTR puts ($406.0M), RIVN puts ($153.0M), COIN puts ($108.7M), MARA puts ($75.1M), NIO puts ($73.3M), RKLB puts ($63.7M), SE puts ($48.0M), AAPL puts ($47.5M), NVDA puts ($38.6M), SPR puts ($36.5M), MSFT puts ($34.8M), AAPL calls ($34.0M), and 418 more.
Other holdings (380): bonds, preferreds, convertibles and warrants · $3.8B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 100,182,000 | $147.7M | Reduce -5.9% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 138,752,000 | $121.4M | Reduce -6.7% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 86,137,000 | $113.3M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 88,344,000 | $104.2M | Add +2.9% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 103,085,000 | $101.0M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 87,701,000 | $100.8M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 102,938,000 | $99.8M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 82,157,000 | $97.6M | Add +8.5% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 99,587,000 | $95.1M | Reduce -7.0% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 78,439,000 | $94.5M | Add +89.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 97,793,000 | $93.0M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 66,884,000 | $92.9M | Reduce -11.9% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 92,510,000 | $90.4M | Add +0.0% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 50,996,000 | $83.3M | Reduce -8.9% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 39,199,000 | $79.9M | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 71,950,000 | $75.0M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 59,765,000 | $68.2M | Add +24.8% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 47,872,000 | $67.7M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 59,000,000 | $62.6M | Add +29.7% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 63,933,000 | $59.7M | Reduce -17.6% |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 43,887,000 | $56.2M | Reduce -37.5% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 54,570,000 | $54.9M | Reduce -21.0% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 70,650,000 | $53.1M | No change |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 42,000,000 | $52.7M | New |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 29,999,000 | $52.4M | Reduce -23.6% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 40,370,000 | $48.1M | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 49,171,000 | $47.7M | Reduce -33.7% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 38,894,000 | $46.4M | Add +213.8% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 51,800,000 | $46.2M | Add +15.6% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 39,800,000 | $46.0M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 42,962,000 | $45.2M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 41,131,000 | $42.7M | Add +57.4% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 48,890,000 | $42.2M | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 41,038,000 | $42.1M | Reduce -0.3% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 42,893,000 | $41.4M | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 41,500,000 | $41.2M | No change |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 38,073,000 | $40.9M | Reduce -11.6% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 42,475,000 | $39.9M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 43,150,000 | $39.8M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 43,387,000 | $38.4M | Reduce -43.3% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 638,568 | $37.7M | Add +7.4% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 40,440,000 | $37.7M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 41,500,000 | $37.3M | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 37,821,000 | $37.2M | Reduce -20.9% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 33,905,000 | $34.9M | Reduce -16.1% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 33,023,000 | $33.0M | New |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 21,900,000 | $31.1M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 644,603 | $28.4M | Add +354.0% |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 27,775,000 | $27.5M | New |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 24,076,000 | $27.4M | Add +9.1% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 25,947,000 | $27.4M | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 32,500,000 | $27.3M | New |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 28,650,000 | $27.0M | Reduce -72.9% |
| BLOOM ENERGY CORP (BE 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 20,149,000 | $25.9M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 23,171,000 | $25.0M | Add +49.3% |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 22,467,000 | $23.3M | No change |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 24,265,000 | $22.7M | No change |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | 23,919,000 | $22.3M | Reduce -36.1% |
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | 12,750,000 | $20.6M | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 20,404,000 | $20.4M | Add +289.7% |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | 16,860,000 | $20.2M | Reduce -37.5% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 19,500,000 | $18.6M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 17,415,000 | $18.5M | Add +10.7% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 17,157,000 | $18.4M | Reduce -45.1% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 13,309,000 | $17.1M | Reduce -43.1% |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 16,247,000 | $16.0M | No change |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | 34,467,000 | $15.9M | No change |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 226,366 | $14.9M | Add +8.3% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 412,819 | $14.8M | Reduce -43.4% |
| PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) | NOTE 2.250% 2/1 · principal | 13,450,000 | $14.7M | No change |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 14,834,000 | $14.5M | Add +97.8% |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | 13,500,000 | $14.1M | Add +50.0% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 117,820,000 | $13.7M | Reduce -0.8% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 13,366,000 | $13.3M | Reduce -67.2% |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 22,096,000 | $12.1M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 8,500,000 | $12.0M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 14,130,000 | $12.0M | Reduce -70.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 13,222,000 | $11.6M | Reduce -46.3% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 281,391 | $11.5M | Add +34.3% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 188,799 | $10.4M | Add +6.1% |
| WISDOMTREE INC (WT 5.75 08/15/28) | NOTE 5.750% 8/1 · principal | 8,515,000 | $9.9M | Add +4.1% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 8,750,000 | $9.1M | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 198,259 | $9.0M | Reduce -34.1% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 9,000,000 | $8.9M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 8,575,000 | $8.8M | New |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | 6,335,000 | $8.4M | Add +40.8% |
| ZYNEX INC (ZYXI 5 05/15/26) | NOTE 5.000% 5/1 · principal | 9,500,000 | $8.1M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 9,763,000 | $7.9M | Reduce -84.8% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 161,784 | $7.8M | Reduce -22.1% |
| LUMINAR TECHNOLOGIES INC (LAZR 9 01/15/30) | DEBT 9.000% 1/1 · principal | 14,771,000 | $7.6M | No change |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 8,468,000 | $7.5M | Reduce -7.6% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 7,752,000 | $6.8M | Reduce -31.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 119,590 | $5.8M | Add +1.8% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 6,000,000 | $5.7M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 5,681,000 | $4.9M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 5,819,000 | $4.9M | Reduce -94.8% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 5,220,000 | $4.4M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,225 | $4.0M | No change |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 5,538,000 | $3.9M | Reduce -76.4% |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 2,967,000 | $3.1M | Add +11.3% |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 245,556 | $3.1M | Reduce -8.6% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 4,000,000 | $2.9M | No change |
| EXEEZ Chesapeake Energy -CW26 | *W EXP 02/09/202 | 24,071 | $2.5M | Add +141.6% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 23,368 | $2.4M | Add +42.3% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,500,000 | $2.3M | Reduce -64.3% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 42,097 | $2.0M | Reduce -13.4% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,000,000 | $1.9M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 1,500,000 | $1.7M | New |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 1,715,000 | $1.5M | New |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 362,119 | $1.1M | Add +0.8% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 8,359 | $795K | New |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 404,325 | $704K | Add +0.7% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 27,069 | $625K | No change |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 198,712 | $602K | Add +13.3% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 12,771 | $582K | Add +178.5% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 10,917 | $535K | New |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 231,800 | $327K | Reduce -7.3% |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 90,794 | $316K | Add +49.0% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 9,338 | $280K | Reduce -34.0% |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 180,532 | $280K | Reduce -14.0% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 48,725 | $214K | Reduce -13.5% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 173 | $209K | Reduce -36.6% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 351,364 | $199K | Reduce -7.7% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 423,288 | $195K | Reduce -2.8% |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 444,654 | $160K | No change |
| EXEEW Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,354 | $144K | Reduce -65.2% |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 1,010,707 | $134K | Add +100.5% |
| USA RARE EARTH INC | *W EXP 03/13/203 | 185,853 | $125K | New |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 14,321 | $88K | Add +8.7% |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 124,050 | $87K | Reduce -0.1% |
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 8,884 | $80K | Reduce -30.0% |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 163,593 | $79K | Reduce -3.0% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 603,038 | $78K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 68,360 | $77K | Add +125.8% |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 59,014 | $74K | Reduce -30.7% |
| CLRRF Climaterock -RTS | RIGHT 10/31/2028 | 332,022 | $73K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 125,874 | $71K | Add +10621.8% |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 37,388 | $67K | Reduce -2.8% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 408,453 | $61K | No change |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 324,022 | $57K | No change |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | 570,164 | $56K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 308,900 | $56K | No change |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | 304,000 | $55K | No change |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 52,829 | $53K | Reduce -10.6% |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 267,658 | $51K | Reduce -4.9% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 67,730 | $47K | Reduce -35.1% |
| ATMCR Alphatime Acquisition-Right | RIGHT 03/01/2028 | 287,889 | $46K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 196,547 | $45K | Reduce -8.2% |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 140,191 | $43K | Add +376.6% |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 175,000 | $42K | No change |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 339,956 | $42K | Reduce -8.9% |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 5,684 | $41K | Reduce -57.2% |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | 151,726 | $40K | Reduce -16.5% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 250,000 | $39K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 392,154 | $38K | Reduce -0.5% |
| AITRR AI Transportation Acquis-RTS | RIGHT 09/01/2028 | 237,348 | $37K | No change |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | 139,159 | $36K | No change |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 80,286 | $36K | Reduce -9.8% |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | 199,584 | $35K | Add +3.5% |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 79,216 | $35K | Add +2.9% |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 141,978 | $33K | No change |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 182,505 | $33K | Reduce -10.8% |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 480,415 | $32K | No change |
| HSPRF Horizon Space Acquisition-RT | RIGHT 12/27/2024 | 213,972 | $31K | Reduce -0.5% |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 168,281 | $31K | Reduce -2.6% |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 178,404 | $31K | Add +320.5% |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 278,484 | $31K | Reduce -4.6% |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 20,000 | $30K | No change |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 493,339 | $30K | Reduce -1.9% |
| VFSWW Vinfast Auto Ltd.-28 | *W EXP 08/11/202 | 86,022 | $29K | Add +7.3% |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 201,785 | $28K | No change |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 203,000 | $26K | No change |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 329,845 | $26K | No change |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 | 69,691 | $26K | Reduce -30.9% |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 141,812 | $24K | Reduce -35.5% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 31,893 | $24K | New |
| ATMVR Alphavest Acquisition Co.-RT | RIGHT 01/22/2026 | 103,980 | $23K | No change |
| JVSAR Jvspac Acquisition Corp.-RTS | RIGHT 11/26/2026 | 79,456 | $22K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 181,245 | $22K | Reduce -5.1% |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | 639,971 | $22K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 89,692 | $21K | Reduce -9.3% |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 32,527 | $21K | Reduce -34.8% |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 227,170 | $20K | Add +739.3% |
| MSSRF Metal SKY Star Acquisi-Right | RIGHT 12/31/2025 | 247,765 | $20K | Reduce -1.4% |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 96,603 | $20K | Reduce -4.5% |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 75,757 | $19K | Add +141.0% |
| DFNSW T3 Defense Inc.-CW28 | *W EXP 12/22/202 | 195,231 | $19K | Reduce -26.8% |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | 585,000 | $18K | No change |
| EOS ENERGY ENTER -CW26 | *W EXP 11/17/202 | 57,001 | $17K | Add +84.8% |
| SOUNW Soundhound AI Inc. | *W EXP 04/26/202 | 4,846 | $17K | Add +5001.1% |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 41,390 | $17K | Reduce -10.3% |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 95,857 | $15K | Add +0.6% |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 85,083 | $15K | Reduce -27.6% |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 252,645 | $15K | Reduce -19.0% |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 6,272 | $14K | Reduce -40.4% |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 178,502 | $13K | Add +39.4% |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 195,944 | $13K | New |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | 34,711 | $13K | Add +8.3% |
| GBGWF Global Blue Group Holding AG | *W EXP 08/28/202 | 550,083 | $12K | Reduce -26.9% |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 472,132 | $12K | Reduce -0.5% |
Largest 200 of 380 shown.
Total filed on the 13F, all lines: $5.1B.
Portfolio Sells Q4 2024 → Q1 2025
| FBTC Fidelity Wise Origin Bitcoin | Reduce -83.5% | 0.87% | −5.18 |
| MSTR Strategy Inc. | Sold out | 0.00% | −2.50 |
| GEO The Geo Group Inc. | Sold out | 0.00% | −1.51 |
| TSLA Tesla Inc. | Reduce -44.0% | 0.75% | −1.34 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −1.06 |
| INFN Infinera Corp. | Sold out | 0.00% | −0.98 |
| BA The Boeing Co. | Reduce -91.3% | 0.09% | −0.94 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.92 |
| CAR Avis Budget Group Inc. | Reduce -85.4% | 0.14% | −0.85 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.85 |
| COP Conocophillips | Reduce -75.7% | 0.26% | −0.74 |
| Z Zillow Group Inc. Class C | Reduce -84.7% | 0.12% | −0.73 |
| CZR Caesars Entertainment Inc. | Reduce -71.5% | 0.18% | −0.69 |
| ORCL Oracle Corp. | Reduce -83.1% | 0.11% | −0.65 |
| ADBE Adobe Inc. | Reduce -44.3% | 0.51% | −0.55 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.52 |
| DHR Danaher Corp. | Reduce -99.4% | 0.00% | −0.51 |
| SKGR SK Growth Opportunities Co. Class A | Sold out | 0.00% | −0.51 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.50 |
| BST BlackRock Science & Tech TR | Sold out | 0.00% | −0.42 |
| FETH Fidelity Ethereum Fund | Sold out | 0.00% | −0.41 |
| XOM Exxon Mobil Corp. | Reduce -73.2% | 0.17% | −0.41 |
| CCL Carnival Corp. | Reduce -30.0% | 0.46% | −0.39 |
| BOWN Bowen Acquisition Corp. | Sold out | 0.00% | −0.39 |
| IMSR Terrestrial Energy Inc. | Reduce -66.8% | 0.20% | −0.38 |
| EGRVF Evergreen Corporation Class A | Sold out | 0.00% | −0.38 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.37 |
| ISRLF Israel Acquisitions Corp. Class A | Reduce -85.3% | 0.06% | −0.36 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.36 |
| PLAOF Patria Latin American Opport | Sold out | 0.00% | −0.36 |
| TMO Thermo Fisher Scientific Inc. | Reduce -82.4% | 0.07% | −0.35 |
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −0.34 |
| TWO Two Harbors Investment Corp. | Reduce -60.1% | 0.28% | −0.34 |
| VCICU Vine Hill Cap Invest-Unit | Sold out | 0.00% | −0.34 |
| AMD Advanced Micro Devices | Reduce -5.0% | 1.21% | −0.30 |
| W Wayfair Inc. Class A | Reduce -13.9% | 0.48% | −0.30 |
| STK Columbia Slgmn Prem Tech GR | Sold out | 0.00% | −0.28 |
| BUJA Bukit Jalil Global Acquisiti | Sold out | 0.00% | −0.27 |
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −0.27 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.26 |
| APG Api Group Corp. | Reduce -81.1% | 0.06% | −0.24 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.24 |
| PMT Pennymac Mortgage Investment | Sold out | 0.00% | −0.24 |
| BALY Bally's Corp. | Sold out | 0.00% | −0.23 |
| TETEF Technology & Telecommunicati | Sold out | 0.00% | −0.23 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.23 |
| GVA Granite Construction Inc. | Sold out | 0.00% | −0.22 |
| DNP DNP Select Income Fund Inc. | Sold out | 0.00% | −0.22 |
| JNPR Juniper Networks Inc. | Reduce -70.6% | 0.08% | −0.21 |
| ACV Virtus Divers Inc. & Convert | Reduce -94.0% | 0.01% | −0.21 |
Portfolio Buys Q4 2024 → Q1 2025
| IBIT iShares Bitcoin Trust ETF | Add +1086.5% | 1.48% | +1.34 |
| AAPL Apple Inc. | Add +1761.3% | 1.33% | +1.25 |
| GOOGL Alphabet Inc. Class A | Add +1314.4% | 1.28% | +1.17 |
| OXY Occidental Petroleum Corp. | New | 1.13% | +1.13 |
| NVDA Nvidia Corp. | Add +267.0% | 1.46% | +0.97 |
| GOOG Alphabet Inc. Class C | Add +100753.9% | 0.90% | +0.90 |
| MSFT Microsoft Corp. | Add +172.8% | 1.52% | +0.89 |
| SNAP Snap Inc. Class A | Add +268.8% | 1.29% | +0.86 |
| AVGO Broadcom Inc. | New | 0.81% | +0.81 |
| MRLN Merlin Inc. | Add +408.3% | 0.83% | +0.67 |
| MACI Melar Acquisition Corp. I-A | Add +264.9% | 0.92% | +0.67 |
| VCIC Vine Hill Capital Class A | Add +452.9% | 0.77% | +0.63 |
| GSRT GSR III Acquisition Corp. | Add +374.3% | 0.80% | +0.63 |
| ACN Accenture PLC Class A | Add +309.1% | 0.86% | +0.62 |
| TDAC Translational Development Ac | New | 0.58% | +0.58 |
| BAC Bank of America Corp. | Add +306.5% | 0.74% | +0.55 |
| MS Morgan Stanley | Add +154.1% | 0.87% | +0.50 |
| CRM Salesforce Inc. | Add +1211.6% | 0.50% | +0.45 |
| DMAA Drugs Made in America Acquis | New | 0.45% | +0.45 |
| LOW Lowe's Cos Inc. | Add +10489.4% | 0.46% | +0.45 |
| ALDF Aldel Financial II Inc. | New | 0.41% | +0.41 |
| RANG Range Capital Acquisition Co. | Add +312.7% | 0.54% | +0.41 |
| ITCI Intra-Cellular Therapies Inc. | New | 0.40% | +0.40 |
| JWN Nordstrom Inc. | Add +8253.8% | 0.40% | +0.39 |
| MLAC Mountain Lake Acquisition-A | New | 0.36% | +0.36 |
| ORC Orchid Island Capital Inc. | Add +416.3% | 0.45% | +0.36 |
| POLE Andretti Acquisition Corp. Class A | Add +234.9% | 0.50% | +0.35 |
| VACH Voyager Acquisition Corp. | Add +46.8% | 1.08% | +0.35 |
| WLAC Willow Lane Acquisition Class A | Add +446580.0% | 0.34% | +0.34 |
| LITE Lumentum Holdings Inc. | New | 0.33% | +0.33 |
| TGT Target Corp. | New | 0.31% | +0.31 |
| HSPT Horizon Space Acquisition II | New | 0.30% | +0.30 |
| TAVI Tavia Acquisition Corp. | New | 0.30% | +0.30 |
| ARR Armour Residential REIT Inc. | New | 0.30% | +0.30 |
| SVCCU Stellar V Capital Corp. | New | 0.28% | +0.28 |
| NFLX Netflix Inc. | New | 0.28% | +0.28 |
| DRDB Roman DBDR Acquisition Corp. | New | 0.28% | +0.28 |
| DESP Despegar.com Corp. | New | 0.28% | +0.28 |
| PDCO Patterson Cos Inc. | Add +460.4% | 0.33% | +0.27 |
| LEGT Legato Merger Corp. III | Add +570.6% | 0.30% | +0.26 |
| PLMK Plum Acquisition Corp. IV | New | 0.26% | +0.26 |
| DYNC Dynamix Corp. | New | 0.26% | +0.26 |
| WFC Wells Fargo & Co. | Add +116.2% | 0.47% | +0.25 |
| ASGI Abrdn Global Infrastructure | Add +1104.7% | 0.27% | +0.25 |
| SWI Solarwinds Corp. | New | 0.24% | +0.24 |
| IVR Invesco Mortgage Capital | New | 0.24% | +0.24 |
| FACT Fact II Acquisition Corp. | New | 0.24% | +0.24 |
| KFIIU K&F Growth Acquisition Corp. | New | 0.24% | +0.24 |
| AMAT Applied Materials Inc. | Add +293.4% | 0.34% | +0.24 |
| CUB Lionheart Holdings Class A | Add +55.8% | 0.64% | +0.23 |
Options Activity Q4 2024 → Q1 2025
| MSTR Strategy Inc. | put | Reduce -14.4% | 1,408,300 | $406.0M |
| RIVN Rivian Automotive Inc. Class A | put | Reduce -1.1% | 12,291,300 | $153.0M |
| RCL Royal Caribbean Cruises Ltd. | put | Sold out | 605,700 | $139.7Mbefore exit |
| COIN Coinbase Global Inc. Class A | put | Reduce -33.5% | 630,900 | $108.7M |
| MARA Mara Holdings Inc. | put | Add +16.2% | 6,529,400 | $75.1M |
| NIO Nio Inc. - ADR | put | Reduce -1.9% | 19,230,500 | $73.3M |
| RKLB Rocket Lab USA Inc. | put | Reduce -19.2% | 3,562,800 | $63.7M |
| SE Sea Ltd.-ADR | put | Reduce -29.4% | 368,000 | $48.0M |
| AAPL Apple Inc. | put | Reduce -18.4% | 213,700 | $47.5M |
| BILI Bilibili Inc.-Sponsored ADR | put | Sold out | 2,429,100 | $44.0Mbefore exit |
| NVDA Nvidia Corp. | put | Add +27.2% | 356,400 | $38.6M |
| SPR Spirit Aerosystems Hold Class A | put | Reduce -25.9% | 1,060,200 | $36.5M |
| MSFT Microsoft Corp. | put | Add +24.3% | 92,700 | $34.8M |
| AAPL Apple Inc. | call | Reduce -2.2% | 153,200 | $34.0M |
| W Wayfair Inc. Class A | put | Reduce -16.2% | 984,800 | $31.5M |
| TSLA Tesla Inc. | put | Reduce -14.5% | 118,200 | $30.6M |
| AMZN Amazon.com Inc. | put | Reduce -35.6% | 158,000 | $30.1M |
| LCID Lucid Group Inc. | put | Reduce -18.0% | 12,414,800 | $30.0M |
| ADBE Adobe Inc. | call | Add +18.0% | 78,100 | $30.0M |
| AMD Advanced Micro Devices | put | Add +3.9% | 277,000 | $28.5M |
| SMCI Super Micro Computer Inc. | put | Add +115.6% | 819,300 | $28.1M |
| BABA Alibaba Group Holding-SP ADR | put | Add +50.4% | 208,500 | $27.6M |
| SBUX Starbucks Corp. | put | Reduce -13.7% | 280,700 | $27.5M |
| SNAP Snap Inc. Class A | put | Reduce -35.9% | 3,093,100 | $26.9M |
| AMZN Amazon.com Inc. | call | Add +9.6% | 134,400 | $25.6M |
| CLSK Cleanspark Inc. | put | Add +315.4% | 3,790,000 | $25.5M |
| AG First Majestic Silver Corp. | put | Reduce -5.2% | 3,790,000 | $25.4M |
| TXN Texas Instruments Inc. | put | Add +18.0% | 139,900 | $25.1M |
| GOOGL Alphabet Inc. Class A | put | Add +70.7% | 159,900 | $24.7M |
| AVGO Broadcom Inc. | put | Reduce -45.3% | 140,100 | $23.5M |
| XOM Exxon Mobil Corp. | put | Add +11.5% | 196,800 | $23.4M |
| META Meta Platforms Inc. Class A | put | Reduce -49.3% | 38,600 | $22.2M |
| GEO The Geo Group Inc. | put | Reduce -42.6% | 755,300 | $22.1M |
| ASTS Ast Spacemobile Inc. | put | New | 959,900 | $21.8M |
| BE Bloom Energy Corp. Class A | put | Reduce -19.2% | 1,104,900 | $21.7M |
| WFC Wells Fargo & Co. | put | Add +20.7% | 296,000 | $21.2M |
| GME Gamestop Corp. Class A | put | New | 946,600 | $21.1M |
| META Meta Platforms Inc. Class A | call | Add +22.6% | 36,400 | $21.0M |
| AVGO Broadcom Inc. | call | Reduce -29.6% | 125,300 | $21.0M |
| COP Conocophillips | put | Reduce -3.7% | 192,200 | $20.2M |
| GOOG Alphabet Inc. Class C | put | Reduce -4.0% | 127,900 | $20.0M |
| MS Morgan Stanley | put | Reduce -26.4% | 167,100 | $19.5M |
| C Citigroup Inc. | call | Reduce -18.4% | 271,400 | $19.3M |
| BAC Bank of America Corp. | put | Add +173.2% | 455,900 | $19.0M |
| LITE Lumentum Holdings Inc. | put | Reduce -19.0% | 290,400 | $18.1M |
| SE Sea Ltd.-ADR | call | Add +3942.4% | 133,400 | $17.4M |
| C Citigroup Inc. | put | Reduce -58.3% | 244,900 | $17.4M |
| ADBE Adobe Inc. | put | Reduce -39.1% | 45,300 | $17.4M |
| SPCE Virgin Galactic Holdings Inc. | put | Reduce -0.9% | 5,678,300 | $17.2M |
| MP MP Materials Corp. | put | Reduce -16.0% | 689,200 | $16.8M |
Showing the first 50 of 447.
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
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -5.9% | 100,182,000 | $147.7M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Reduce -6.7% | 138,752,000 | $121.4M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Add +2.9% | 88,344,000 | $104.2M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 102,938,000 | $99.8M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Add +8.5% | 82,157,000 | $97.6M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -7.0% | 99,587,000 | $95.1M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +89.0% | 78,439,000 | $94.5M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -11.9% | 66,884,000 | $92.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +0.0% | 92,510,000 | $90.4M |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | Reduce -8.9% | 50,996,000 | $83.3M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 72,831,000 | $80.3Mbefore exit |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | New | 39,199,000 | $79.9M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | New | 71,950,000 | $75.0M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 75,739,000 | $72.7Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 74,949,000 | $72.5Mbefore exit |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Sold out | 78,986,000 | $70.4Mbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Add +24.8% | 59,765,000 | $68.2M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +29.7% | 59,000,000 | $62.6M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -17.6% | 63,933,000 | $59.7M |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Reduce -37.5% | 43,887,000 | $56.2M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -21.0% | 54,570,000 | $54.9M |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | New | 42,000,000 | $52.7M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Reduce -23.6% | 29,999,000 | $52.4M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -33.7% | 49,171,000 | $47.7M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +213.8% | 38,894,000 | $46.4M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +15.6% | 51,800,000 | $46.2M |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | New | 42,962,000 | $45.2M |
| ENPHASE ENERGY INC (ENPH 0.25 03/01/25) | NOTE 0.250% 3/0 · principal | Sold out | 43,105,000 | $44.1Mbefore exit |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Sold out | 52,685,000 | $43.4Mbefore exit |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Add +57.4% | 41,131,000 | $42.7M |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Reduce -0.3% | 41,038,000 | $42.1M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Sold out | 29,485,000 | $41.1Mbefore exit |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | Reduce -11.6% | 38,073,000 | $40.9M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -43.3% | 43,387,000 | $38.4M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +7.4% | 638,568 | $37.7M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | New | 40,440,000 | $37.7M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | New | 41,500,000 | $37.3M |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | Reduce -20.9% | 37,821,000 | $37.2M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Sold out | 30,015,000 | $36.0Mbefore exit |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Reduce -16.1% | 33,905,000 | $34.9M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 33,023,000 | $33.0M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | New | 21,900,000 | $31.1M |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | Sold out | 28,467,000 | $30.3Mbefore exit |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | Sold out | 9,780,000 | $28.6Mbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +354.0% | 644,603 | $28.4M |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | New | 27,775,000 | $27.5M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Add +9.1% | 24,076,000 | $27.4M |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | New | 32,500,000 | $27.3M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Reduce -72.9% | 28,650,000 | $27.0M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Sold out | 28,580,000 | $25.7Mbefore exit |
Showing the first 50 of 336.
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 | 849 | $1.9B | IREN, EVAC, MARA, ANSC, DMII |
| Q1 2026 | 873 | $1.9B | IREN, TSLA, ETH, META, EVAC |
| Q4 2025 | 785 | $1.7B | IREN, BA, AAM, VACH, ETH |
| Q3 2025 | 702 | $1.4B | IBIT, AAM, VACH, ANSC, ETHA |
| Q2 2025 | 732 | $1.4B | IBIT, VACH, AAM, ARES ACQUISITION CORP II, AAPL |
| Q1 2025 | 742 | $1.3B | MSFT, IBIT, NVDA, AAM, AAPL |
| Q4 2024 | 740 | $1.3B | FBTC, MSTR, TSLA, GEO, AMD |
| Q3 2024 | 715 | $1.0B | FBTC, RCL, W, GOOG, MSTR |
| Q2 2024 | 729 | $1.0B | FBTC, BN, RCL, LIN, TRTLF |
| Q1 2024 | 733 | $1.1B | SPY, FBTC, RCL, TWO, AAPL |