Wolverine Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Wolverine Asset Management LLC reported 732 stock positions worth $1.4 billion. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 5.2% of the portfolio, followed by Voyager Acquisition (VACH, 1.9%) and Aa Mission Acquisition Cor-A (AAM, 1.7%). Compared with Q1 2025, it opened 207 new positions, sold out of 207, added to 256 and reduced 151. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +176%) and the biggest sale an exit from Microsoft (MSFT).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001279891
- Portfolio Value
- $1.4B (Q2 2025)
- SEC Filing
- 0001279891-25-000027 ↗ filed Aug 4, 2025
Holdings Value
Holdings 732 stocks · $1.4B
| IBIT iShares Bitcoin Trust ETF | 5.15% | 1,162,794 | $71.2M | Add +176.1% |
| VACH Voyager Acquisition Corp. | 1.87% | 2,492,417 | $25.9M | Add +76.8% |
| AAM Aa Mission Acquisition Cor-A | 1.72% | 2,280,397 | $23.8M | Add +25.4% |
| ARES ACQUISITION CORP II | 1.66% | 2,023,711 | $22.9M | Add +155.6% |
| AAPL Apple Inc. | 1.53% | 102,861 | $21.1M | Add +28.4% |
| ANSC Agriculture & Natural Soluti | 1.36% | 1,735,466 | $18.8M | Add +42.8% |
| SNAP Snap Inc. Class A | 1.30% | 2,074,450 | $18.0M | Add +4.7% |
| ETHA iShares Ethereum Trust ETF | 1.24% | 900,834 | $17.2M | Add +24.9% |
| MLAC Mountain Lake Acquisition-A | 1.15% | 1,553,458 | $15.9M | Add +224.0% |
| NETD Nabors Energy Transition C-A | 1.07% | 1,337,286 | $14.8M | Add +67.2% |
| VCIC Vine Hill Capital Class A | 1.04% | 1,377,809 | $14.3M | Add +35.6% |
| TDAC Translational Development Ac | 1.01% | 1,354,691 | $14.0M | Add +76.6% |
| TONT Graf Global Corp. Class A | 0.89% | 1,169,995 | $12.2M | Add +201.5% |
| ASTS Ast Spacemobile Inc. | 0.87% | 258,478 | $12.1M | Add +705.4% |
| HAYMAKER ACQUISITION CORP 4 | 0.81% | 1,002,049 | $11.1M | Add +34.2% |
| POLE Andretti Acquisition Corp. Class A | 0.80% | 1,058,178 | $11.0M | Add +60.8% |
| CIM Chimera Investment Corp. | 0.76% | 761,822 | $10.6M | Add +206.1% |
| DMAA Drugs Made in America Acquis | 0.75% | 1,021,906 | $10.4M | Add +69.5% |
| CUB Lionheart Holdings Class A | 0.71% | 940,546 | $9.9M | Add +12.7% |
| SPKLF Spark I Acquisition Corp. | 0.71% | 902,388 | $9.8M | Add +32.2% |
| XRPN Armada Acquisition Class A | 0.70% | 959,819 | $9.6M | New |
| TSLA Tesla Inc. | 0.69% | 29,915 | $9.5M | Reduce -22.0% |
| NTWO Newbury Street II Ac Class A | 0.67% | 903,993 | $9.3M | Add +688.2% |
| RFAI RF Acquisition Corp. II | 0.66% | 863,687 | $9.1M | Add +36.9% |
| MFA Mfa Financial Inc. | 0.66% | 960,986 | $9.1M | New |
| TAVI Tavia Acquisition Corp. | 0.66% | 883,892 | $9.1M | Add +124.2% |
| SBUX Starbucks Corp. | 0.64% | 96,112 | $8.8M | Add +7.8% |
| SZZL Sizzle Acquisition Corp. Class A | 0.63% | 871,919 | $8.8M | New |
| W Wayfair Inc. Class A | 0.61% | 164,973 | $8.4M | Reduce -17.9% |
| RANG Range Capital Acquisition Co. | 0.60% | 815,626 | $8.3M | Add +12.9% |
| ALF Centurion Acquisition Corp. | 0.59% | 777,419 | $8.2M | Add +137.5% |
| TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP | 0.58% | 744,028 | $8.0M | Add +168.5% |
| CHAR Charlton Aria Acquisiti Class A | 0.56% | 757,117 | $7.8M | Add +5.2% |
| PGAC Pantages Capital Acquisition filed as AIFEEX NEXUS ACQUISITION COR | 0.56% | 754,678 | $7.7M | Add +200.1% |
| LOW Lowe's Cos Inc. | 0.55% | 34,288 | $7.6M | Add +31.6% |
| IVR Invesco Mortgage Capital | 0.55% | 964,658 | $7.6M | Add +134.6% |
| UNH Unitedhealth Group Inc. | 0.54% | 24,085 | $7.5M | New |
| IBAC Ib Acquisition Corp. | 0.54% | 706,796 | $7.4M | Add +6.7% |
| ESRT Empire State Realty Trust-A | 0.53% | 901,931 | $7.3M | Add +172.7% |
| AG First Majestic Silver Corp. | 0.52% | 861,015 | $7.1M | Add +57.4% |
| HSPT Horizon Space Acquisition II | 0.51% | 683,133 | $7.0M | Add +71.8% |
| KVACF Keen Vision Acquisition Corp. | 0.51% | 614,364 | $7.0M | Reduce -0.5% |
| LITE Lumentum Holdings Inc. | 0.48% | 70,333 | $6.7M | Add +0.2% |
| PLMK Plum Acquisition Corp. IV | 0.48% | 648,206 | $6.7M | Add +90.5% |
| WBA Walgreens Boots Alliance Inc. | 0.48% | 580,985 | $6.7M | Add +64.8% |
| JACS Jackson Acquisition Co. Class A | 0.47% | 626,322 | $6.5M | Add +85.1% |
| FACT Fact II Acquisition Corp. | 0.46% | 620,224 | $6.4M | Add +91.5% |
| ACN Accenture PLC Class A | 0.46% | 21,158 | $6.3M | Reduce -42.7% |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.44% | 586,705 | $6.1M | Add +4.0% |
| XOM Exxon Mobil Corp. | 0.44% | 56,255 | $6.1M | Add +194.1% |
| LPAA Launch One Acquisition Corp. | 0.43% | 572,310 | $6.0M | Reduce -15.3% |
| ASPC A Spac III Acquisition Class A | 0.43% | 583,560 | $6.0M | Add +166.5% |
| CAPN Cayson Acquisition Corp. | 0.43% | 571,280 | $5.9M | Add +10.9% |
| CCL Carnival Corp. | 0.42% | 208,665 | $5.9M | Reduce -33.9% |
| COP Conocophillips | 0.42% | 65,012 | $5.8M | Add +100.6% |
| MCHP Microchip Technology Inc. | 0.42% | 82,738 | $5.8M | Add +42.1% |
| CRM Salesforce Inc. | 0.42% | 21,050 | $5.7M | Reduce -15.6% |
| DTSQ DT Cloud Star Acquisition Co. | 0.41% | 540,421 | $5.6M | Add +0.2% |
| WLAC Willow Lane Acquisition Class A | 0.39% | 530,874 | $5.4M | Add +18.9% |
| CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II | 0.39% | 537,900 | $5.4M | New |
| COLA Columbus Acquisition Corp. | 0.39% | 531,784 | $5.4M | Add +5108.5% |
| QSEA Quartzsea Acquisition Corp. | 0.39% | 533,325 | $5.4M | Add +74.9% |
| GPAT GP-Act III Acquisition-A | 0.38% | 501,000 | $5.3M | Add +62.1% |
| APLE Apple Hospitality REIT Inc. | 0.38% | 449,698 | $5.2M | New |
| LIN Linde PLC | 0.38% | 11,111 | $5.2M | Add +5.9% |
| FSHP Flag Ship Acquisition Corp. | 0.38% | 494,117 | $5.2M | Add +1.4% |
| NMAI Nuveen Multi-Asset Income | 0.37% | 406,739 | $5.1M | Add +85.4% |
| TGI Triumph Group Inc. | 0.37% | 197,608 | $5.1M | Add +159.0% |
| KCHVU Kochav Defense Acquisition C | 0.36% | 490,600 | $5.0M | New |
| TVA Texas Ventures Acquisition-A | 0.36% | 493,958 | $5.0M | New |
| LPBB Launch Two Acquisition Class A | 0.36% | 473,055 | $4.9M | Reduce -31.2% |
| TY Tri-Continental Corp. | 0.35% | 154,054 | $4.9M | Add +14.3% |
| SOUL Soulpower Acquisition Co. Class A | 0.35% | 484,786 | $4.9M | New |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 0.34% | 449,324 | $4.6M | Reduce -59.4% |
| BDN Brandywine Realty Trust | 0.33% | 1,064,258 | $4.6M | New |
| RMT Royce Micro-Cap Trust Inc. | 0.33% | 492,646 | $4.6M | Add +28.3% |
| SWTX Springworks Therapeutics Inc. | 0.33% | 96,924 | $4.6M | New |
| RIBB Ribbon Acquisition Corp. | 0.33% | 446,082 | $4.5M | Add +111.2% |
| PELI Pelican Acquisition Corp. | 0.33% | 452,731 | $4.5M | New |
| AFJK Aimei Health Technology Co. | 0.32% | 404,757 | $4.5M | Reduce -0.8% |
| HSPOF Horizon Space Acquisition I | 0.32% | 367,049 | $4.4M | Reduce -2.8% |
| AZEK The Azek Co. Inc. | 0.32% | 80,607 | $4.4M | New |
| WTGUU Wintergreen Acquisition Corp. | 0.31% | 424,319 | $4.3M | New |
| UYSC Uy Scuti Acquisition Corp. | 0.31% | 425,000 | $4.3M | New |
| KFII K&F Growth Acquisition Cor-A | 0.30% | 412,535 | $4.2M | Add +1942.3% |
| EURK Eureka Acquisition Corp. | 0.30% | 400,000 | $4.2M | Reduce -18.0% |
| LLY Eli Lilly & Co. | 0.30% | 5,370 | $4.2M | Add +2386.1% |
| LEGT Legato Merger Corp. III | 0.30% | 387,184 | $4.1M | Add +1.4% |
| SIMA Sim Acquisition Corp. I-A | 0.30% | 395,016 | $4.1M | Reduce -44.1% |
| VZ Verizon Communications Inc. | 0.30% | 95,139 | $4.1M | Add +56.2% |
| MACI Melar Acquisition Corp. I-A | 0.30% | 390,052 | $4.1M | Reduce -67.3% |
| FVN Future Vision II Acquisition | 0.29% | 390,362 | $4.1M | Add +108.6% |
| INTC Intel Corp. | 0.29% | 180,333 | $4.0M | Reduce -2.6% |
| CAR Avis Budget Group Inc. | 0.29% | 23,771 | $4.0M | No change |
| OAKU Oak Woods Acquisition Corp. Class A | 0.29% | 336,511 | $4.0M | Add +8.8% |
| JNJ Johnson & Johnson | 0.29% | 25,890 | $4.0M | New |
| ABBV Abbvie Inc. | 0.29% | 21,256 | $3.9M | Add +1338.2% |
| XNIEX Virtus Equity & Convertible | 0.28% | 163,143 | $3.9M | Add +1725.9% |
| K Kellanova | 0.28% | 48,604 | $3.9M | Add +22.8% |
| ORC Orchid Island Capital Inc. | 0.28% | 550,501 | $3.9M | Reduce -31.1% |
Options reported separately and not counted above: MSTR puts ($574.3M), RIVN puts ($185.3M), COIN puts ($169.5M), RKLB puts ($127.4M), MARA puts ($126.7M), NVDA puts ($89.5M), AVGO puts ($81.3M), NIO puts ($75.6M), SMCI puts ($68.6M), AAPL puts ($67.8M), IREN puts ($64.4M), TSLA puts ($61.0M), and 453 more.
Other holdings (402): bonds, preferreds, convertibles and warrants · $4.6B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 100,135,000 | $177.8M | Reduce -0.1% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 131,242,000 | $167.5M | New |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 77,600,000 | $166.5M | New |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 86,137,000 | $128.1M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 117,938,000 | $123.7M | Add +14.6% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 103,085,000 | $119.4M | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 91,650,000 | $114.9M | Add +11.6% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 90,165,000 | $112.8M | Add +50.9% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 39,199,000 | $109.0M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 89,484,000 | $106.3M | Add +1.3% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 61,307,000 | $98.3M | Add +257.3% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 63,884,000 | $98.1M | Reduce -4.5% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 99,587,000 | $96.1M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 92,510,000 | $94.4M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 103,148,000 | $92.7M | Reduce -25.7% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 69,814,000 | $86.9M | Add +218.8% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 46,996,000 | $83.5M | Reduce -7.8% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 82,500,000 | $82.0M | Add +39.8% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 75,201,000 | $80.1M | Reduce -14.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 82,793,000 | $79.3M | Reduce -15.3% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 42,640,000 | $76.8M | Reduce -45.6% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 81,862,000 | $75.7M | Add +67.4% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 54,450,000 | $69.8M | Reduce -24.3% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 29,999,000 | $63.6M | No change |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 57,000,000 | $61.7M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 66,233,000 | $61.6M | Add +3.6% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 50,690,000 | $60.7M | New |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 42,000,000 | $59.5M | No change |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 54,850,000 | $58.4M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 58,570,000 | $58.3M | Add +7.3% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 56,340,000 | $56.2M | New |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 48,300,000 | $56.2M | Add +21.4% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 41,872,000 | $53.2M | Reduce -12.5% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 70,650,000 | $50.4M | No change |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 50,444,000 | $49.1M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 42,470,000 | $47.1M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 674,999 | $46.1M | Add +5.7% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 38,073,000 | $43.7M | No change |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 42,893,000 | $43.2M | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 41,131,000 | $42.5M | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 40,271,000 | $42.4M | Reduce -18.1% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 44,500,000 | $41.6M | Add +7.2% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 33,905,000 | $40.7M | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 31,846,000 | $39.8M | Add +32.3% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 34,409,000 | $39.3M | Add +158.5% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 37,475,000 | $36.4M | Reduce -11.8% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 435,663 | $36.0M | Add +92.5% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 30,818,000 | $35.8M | Reduce -28.3% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 29,499,000 | $33.7M | Reduce -24.2% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 36,392,000 | $33.1M | New |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 33,500,000 | $32.0M | Reduce -19.3% |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 24,665,000 | $32.0M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 267,021 | $30.9M | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 29,868,000 | $30.3M | Add +53.2% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 25,947,000 | $27.6M | No change |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 30,275,000 | $27.5M | Add +9.0% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 19,631,000 | $26.9M | New |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 18,500,000 | $24.0M | New |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 22,467,000 | $23.9M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 595,026 | $22.5M | Reduce -7.7% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 21,500,000 | $22.4M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 23,150,000 | $22.1M | Reduce -46.4% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 25,561,000 | $20.9M | Add +80.9% |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 20,042,000 | $20.8M | Reduce -1.8% |
| PROS HOLDINGS INC (PRO 2.5 07/01/30) | DEBT 2.500% 7/0 · principal | 18,669,000 | $20.2M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 17,415,000 | $18.5M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 19,000,000 | $17.8M | Reduce -63.3% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 15,825,000 | $17.8M | Add +84.5% |
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | 12,950,000 | $17.6M | Add +1.6% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 438,212 | $17.4M | Add +55.7% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 19,645,000 | $17.1M | Add +132.0% |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | 13,521,000 | $16.4M | Add +0.2% |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | 34,467,000 | $16.2M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 8,500,000 | $16.0M | No change |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 16,021,000 | $15.9M | Reduce -57.6% |
| PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) | NOTE 2.250% 2/1 · principal | 13,450,000 | $15.8M | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 17,500,000 | $15.2M | Reduce -46.1% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 14,000,000 | $14.9M | Add +833.3% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 14,834,000 | $14.5M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 12,536,000 | $14.2M | Reduce -45.9% |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 13,747,000 | $13.6M | Reduce -15.4% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 203,768 | $12.4M | Add +7.9% |
| WISDOMTREE INC (WT 5.75 08/15/28) | NOTE 5.750% 8/1 · principal | 8,530,000 | $11.6M | Add +0.2% |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 21,996,000 | $11.5M | Reduce -0.5% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 172,067 | $10.6M | New |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 7,950,000 | $10.3M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 117,820,000 | $10.2M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 296,698 | $9.6M | Reduce -28.1% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 9,665,000 | $9.0M | Reduce -60.2% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 9,000,000 | $9.0M | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 9,150,000 | $8.7M | Reduce -68.1% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 9,089,000 | $8.2M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 8,000,000 | $7.6M | Add +220.0% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 9,940,000 | $7.3M | Reduce -75.4% |
| LUMINAR TECHNOLOGIES INC (LAZR 9 01/15/30) | DEBT 9.000% 1/1 · principal | 14,771,000 | $7.0M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 119,346 | $6.4M | Add +183.5% |
| CARDLYTICS INC (CDLX 4.25 04/01/29) | NOTE 4.250% 4/0 · principal | 14,879,000 | $6.2M | New |
| ZYNEX INC (ZYXI 5 05/15/26) | NOTE 5.000% 5/1 · principal | 9,500,000 | $6.1M | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 6,589,000 | $6.0M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 97,166 | $5.7M | Reduce -39.9% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 5,681,000 | $5.1M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 5,000,000 | $4.7M | Reduce -16.7% |
| EXEEZ Chesapeake Energy -CW26 | *W EXP 02/09/202 | 41,606 | $4.7M | Add +72.8% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 90,927 | $4.0M | Reduce -54.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,225 | $3.9M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 77,277 | $3.6M | Reduce -35.4% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 312,841 | $3.4M | Add +57.4% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 26,650 | $3.0M | Add +14.0% |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 2,967,000 | $3.0M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 4,000,000 | $2.5M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 2,363,000 | $2.5M | Reduce -92.8% |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 179,844 | $2.1M | Reduce -26.8% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,000,000 | $2.0M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 21,095 | $1.6M | New |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | 1,573,000 | $1.5M | Reduce -93.4% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 9,176 | $1000K | Add +9.8% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 16,499 | $764K | Add +29.2% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 28,413 | $724K | Add +5.0% |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 165,340 | $719K | Reduce -8.4% |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 357,675 | $608K | Reduce -1.2% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 9,471 | $508K | Reduce -13.3% |
| USA RARE EARTH INC | *W EXP 03/13/203 | 183,001 | $436K | Reduce -1.5% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 58,654 | $372K | Add +20.4% |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 200,878 | $364K | Add +19.4% |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 394,275 | $326K | Add +1112.2% |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 137,952 | $275K | Add +101.8% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 407,803 | $261K | Add +0.9% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 342,209 | $222K | Reduce -2.6% |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 55,254 | $219K | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 173 | $202K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 497,395 | $192K | Add +17.5% |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 214,439 | $187K | Reduce -7.5% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 5,845 | $183K | Reduce -37.4% |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 25,202 | $181K | Add +76.0% |
| EXEEW Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,253 | $141K | Reduce -7.5% |
| AEVAW Interprivate Acquisiti -CW24 | *W EXP 03/12/202 | 118,074 | $139K | New |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 393,953 | $118K | Reduce -3.5% |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 208,726 | $115K | Add +14.4% |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 220,066 | $114K | Add +34.5% |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 57,961 | $114K | Reduce -36.2% |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 67,247 | $112K | New |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 33,382 | $108K | Reduce -10.7% |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 441,663 | $106K | Reduce -0.7% |
| QSEAR Quartzsea Acquisition Corp. | RIGHT 02/18/2030 | 305,000 | $104K | New |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 575,000 | $98K | No change |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 429,700 | $95K | No change |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 481,823 | $92K | New |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 414,599 | $83K | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 34,128 | $82K | Add +410.2% |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 295,100 | $80K | No change |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 170,379 | $78K | Add +20.1% |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 1,043,003 | $77K | Add +3.2% |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 378,120 | $76K | New |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 395,395 | $75K | New |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 384,618 | $75K | New |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 58,556 | $73K | Reduce -0.8% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 31,055 | $73K | Reduce -54.1% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 601,038 | $72K | Reduce -0.3% |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 113,940 | $71K | New |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 81,658 | $71K | Reduce -35.1% |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 178,254 | $71K | Add +1290.3% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 420,000 | $69K | No change |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 78,750 | $67K | New |
| ABLLW East Resources Acquis -CW27 | *W EXP 06/30/202 | 54,875 | $61K | New |
| SOUNW Soundhound AI Inc. | *W EXP 04/26/202 | 13,365 | $60K | Add +175.8% |
| NXATW K Wave Media Ltd.-28 | *W EXP 05/14/203 | 434,969 | $59K | New |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 | 145,313 | $58K | New |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 125,117 | $58K | Add +0.9% |
| ATMCR Alphatime Acquisition-Right | RIGHT 03/01/2028 | 263,549 | $53K | Reduce -8.4% |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 141,515 | $52K | New |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 193,440 | $52K | New |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 135,626 | $52K | New |
| MVSTW Microvast Hold Inc.-CW26 | *W EXP 07/23/202 | 141,734 | $52K | Add +258.1% |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 192,612 | $52K | New |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 189,998 | $51K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 187,500 | $51K | New |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 355,971 | $50K | Reduce -9.2% |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 310,006 | $50K | Reduce -1.9% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 68,293 | $49K | New |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 264,817 | $49K | No change |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 249,085 | $47K | Add +232.1% |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 477,193 | $47K | Reduce -0.7% |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 140,898 | $46K | Add +0.5% |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 308,900 | $46K | No change |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 268,494 | $46K | New |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 220,702 | $44K | New |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 52,475 | $43K | Reduce -0.7% |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 199,674 | $41K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 11,177 | $41K | New |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | 5,132 | $40K | Add +421.5% |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 77,668 | $39K | Reduce -19.0% |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 143,995 | $39K | New |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 155,000 | $39K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 198,400 | $39K | Add +0.9% |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 84,837 | $36K | Add +5.7% |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 339,954 | $36K | Reduce 0.0% |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 124,810 | $35K | Add +24.8% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 249,728 | $35K | Reduce -0.1% |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | 304,000 | $35K | No change |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 346,070 | $35K | New |
Largest 200 of 402 shown.
Total filed on the 13F, all lines: $6.0B.
Portfolio Sells Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.52 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.46 |
| GOOGL Alphabet Inc. Class A | Reduce -96.8% | 0.05% | −1.24 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.21 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.16 |
| OXY Occidental Petroleum Corp. | Reduce -93.8% | 0.06% | −1.07 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.90 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.87 |
| MS Morgan Stanley | Sold out | 0.00% | −0.87 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.82 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.81 |
| GSRT GSR III Acquisition Corp. | Reduce -93.5% | 0.05% | −0.74 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.74 |
| MACI Melar Acquisition Corp. I-A | Reduce -67.3% | 0.30% | −0.62 |
| CHEB Chenghe Acquisition II Co. | Sold out | 0.00% | −0.54 |
| MRLN Merlin Inc. | Reduce -59.4% | 0.34% | −0.49 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.47 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.45 |
| UCFI CN Healthy Food Tech Group C | Sold out | 0.00% | −0.42 |
| ACN Accenture PLC Class A | Reduce -42.7% | 0.46% | −0.41 |
| TCBI Texas Capital Bancshares Inc. | Sold out | 0.00% | −0.40 |
| GLACF Global Lights Acquisition Co. | Sold out | 0.00% | −0.40 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.40 |
| JWN Nordstrom Inc. | Sold out | 0.00% | −0.40 |
| JVSA Jvspac Acquisition Corp. Class A | Sold out | 0.00% | −0.40 |
| ALDF Aldel Financial II Inc. | Reduce -91.3% | 0.04% | −0.39 |
| AITR AI Transportation Acquisitio | Sold out | 0.00% | −0.34 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.34 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.33 |
| VLOS Velos Acquisition I Corp. | Reduce -80.9% | 0.08% | −0.31 |
| CUBI Customers Bancorp Inc. | Sold out | 0.00% | −0.30 |
| QCOM Qualcomm Inc. | Reduce -93.9% | 0.02% | −0.30 |
| AMAT Applied Materials Inc. | Reduce -91.0% | 0.04% | −0.30 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.28 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −0.28 |
| ASGI Abrdn Global Infrastructure | Reduce -97.9% | 0.01% | −0.26 |
| MXF Mexico Fund Inc. | Sold out | 0.00% | −0.25 |
| SWI Solarwinds Corp. | Sold out | 0.00% | −0.24 |
| SIMA Sim Acquisition Corp. I-A | Reduce -44.1% | 0.30% | −0.24 |
| ADBE Adobe Inc. | Reduce -46.5% | 0.26% | −0.24 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.24 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Sold out | 0.00% | −0.23 |
| HWC Hancock Whitney Corp. | Sold out | 0.00% | −0.23 |
| RENEF Cartesian Growth Corp. II- A | Sold out | 0.00% | −0.23 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Sold out | 0.00% | −0.23 |
| XLGIX Lazard GLBL TTL RTRN & Inc. | Sold out | 0.00% | −0.22 |
| DYCQ DT Cloud Acquisition Corp. | Reduce -74.6% | 0.07% | −0.22 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.22 |
| ATSG Air Transport Services Group | Sold out | 0.00% | −0.22 |
| ADX Adams Diversified Equity | Sold out | 0.00% | −0.22 |
Portfolio Buys Q1 2025 → Q2 2025
| IBIT iShares Bitcoin Trust ETF | Add +176.1% | 5.15% | +3.67 |
| ARES ACQUISITION CORP II | Add +155.6% | 1.66% | +1.00 |
| ASTS Ast Spacemobile Inc. | Add +705.4% | 0.87% | +0.82 |
| VACH Voyager Acquisition Corp. | Add +76.8% | 1.87% | +0.80 |
| MLAC Mountain Lake Acquisition-A | Add +224.0% | 1.15% | +0.79 |
| XRPN Armada Acquisition Class A | New | 0.70% | +0.70 |
| MFA Mfa Financial Inc. | New | 0.66% | +0.66 |
| SZZL Sizzle Acquisition Corp. Class A | New | 0.63% | +0.63 |
| TONT Graf Global Corp. Class A | Add +201.5% | 0.89% | +0.59 |
| NTWO Newbury Street II Ac Class A | Add +688.2% | 0.67% | +0.59 |
| UNH Unitedhealth Group Inc. | New | 0.54% | +0.54 |
| CIM Chimera Investment Corp. | Add +206.1% | 0.76% | +0.53 |
| ETHA iShares Ethereum Trust ETF | Add +24.9% | 1.24% | +0.50 |
| TDAC Translational Development Ac | Add +76.6% | 1.01% | +0.43 |
| NETD Nabors Energy Transition C-A | Add +67.2% | 1.07% | +0.42 |
| ANSC Agriculture & Natural Soluti | Add +42.8% | 1.36% | +0.39 |
| CCAQ Collective Acquisition Corp. | New | 0.39% | +0.39 |
| COLA Columbus Acquisition Corp. | Add +5108.5% | 0.39% | +0.38 |
| APLE Apple Hospitality REIT Inc. | New | 0.38% | +0.38 |
| PGAC Pantages Capital Acquisition | Add +200.1% | 0.56% | +0.37 |
| KCHVU Kochav Defense Acquisition C | New | 0.36% | +0.36 |
| TVA Texas Ventures Acquisition-A | New | 0.36% | +0.36 |
| TAVI Tavia Acquisition Corp. | Add +124.2% | 0.66% | +0.36 |
| SOUL Soulpower Acquisition Co. Class A | New | 0.35% | +0.35 |
| ALF Centurion Acquisition Corp. | Add +137.5% | 0.59% | +0.34 |
| ESRT Empire State Realty Trust-A | Add +172.7% | 0.53% | +0.33 |
| BDN Brandywine Realty Trust | New | 0.33% | +0.33 |
| SWTX Springworks Therapeutics Inc. | New | 0.33% | +0.33 |
| PELI Pelican Acquisition Corp. | New | 0.33% | +0.33 |
| AZEK The Azek Co. Inc. | New | 0.32% | +0.32 |
| WTGUU Wintergreen Acquisition Corp. | New | 0.31% | +0.31 |
| UYSC Uy Scuti Acquisition Corp. | New | 0.31% | +0.31 |
| IVR Invesco Mortgage Capital | Add +134.6% | 0.55% | +0.30 |
| TWO Two Harbors Investment Corp. | Add +168.5% | 0.58% | +0.30 |
| DMAA Drugs Made in America Acquis | Add +69.5% | 0.75% | +0.30 |
| AAM Aa Mission Acquisition Cor-A | Add +25.4% | 1.72% | +0.30 |
| POLE Andretti Acquisition Corp. Class A | Add +60.8% | 0.80% | +0.30 |
| LLY Eli Lilly & Co. | Add +2386.1% | 0.30% | +0.29 |
| KFII K&F Growth Acquisition Cor-A | Add +1942.3% | 0.30% | +0.29 |
| JNJ Johnson & Johnson | New | 0.29% | +0.29 |
| BSAAU Best Spac I Acquisition Corp. | New | 0.27% | +0.27 |
| XOM Exxon Mobil Corp. | Add +194.1% | 0.44% | +0.27 |
| XNIEX Virtus Equity & Convertible | Add +1725.9% | 0.28% | +0.27 |
| RLJ RLJ Lodging Trust | Add +6122.8% | 0.27% | +0.27 |
| ASPC A Spac III Acquisition Class A | Add +166.5% | 0.43% | +0.27 |
| VCIC Vine Hill Capital Class A | Add +35.6% | 1.04% | +0.26 |
| IPEX Inflection Point Acquisition | Add +3983.1% | 0.27% | +0.26 |
| ABBV Abbvie Inc. | Add +1338.2% | 0.29% | +0.26 |
| CHPG Championsgate Acquisitio-A | New | 0.26% | +0.26 |
| FAC Factorial Energy Inc. | New | 0.26% | +0.26 |
Options Activity Q1 2025 → Q2 2025
| MSTR Strategy Inc. | put | Add +0.9% | 1,420,800 | $574.3M |
| RIVN Rivian Automotive Inc. Class A | put | Add +9.8% | 13,489,800 | $185.3M |
| COIN Coinbase Global Inc. Class A | put | Reduce -23.3% | 483,700 | $169.5M |
| MARA Mara Holdings Inc. | put | Add +23.7% | 8,078,600 | $126.7M |
| NVDA Nvidia Corp. | put | Add +59.0% | 566,600 | $89.5M |
| AVGO Broadcom Inc. | put | Add +110.6% | 295,100 | $81.3M |
| NIO Nio Inc. - ADR | put | Add +14.7% | 22,052,400 | $75.6M |
| SMCI Super Micro Computer Inc. | put | Add +70.9% | 1,400,100 | $68.6M |
| AAPL Apple Inc. | put | Add +54.8% | 330,700 | $67.8M |
| IREN Iren Ltd. | put | Add +96.2% | 4,421,300 | $64.4M |
| TSLA Tesla Inc. | put | Add +62.5% | 192,100 | $61.0M |
| CLSK Cleanspark Inc. | put | Add +44.8% | 5,489,400 | $60.5M |
| AMZN Amazon.com Inc. | put | Add +71.5% | 271,000 | $59.5M |
| ASTS Ast Spacemobile Inc. | put | Add +27.7% | 1,225,500 | $57.3M |
| MSFT Microsoft Corp. | put | Add +23.2% | 114,200 | $56.8M |
| META Meta Platforms Inc. Class A | put | Add +95.1% | 75,300 | $55.6M |
| AMD Advanced Micro Devices | put | Add +40.8% | 390,100 | $55.4M |
| SE Sea Ltd.-ADR | put | Reduce -6.9% | 342,500 | $54.8M |
| W Wayfair Inc. Class A | put | Add +5.0% | 1,034,000 | $52.9M |
| BABA Alibaba Group Holding-SP ADR | put | Add +113.7% | 445,600 | $50.5M |
| NVDA Nvidia Corp. | call | Add +100.2% | 305,700 | $48.3M |
| AVGO Broadcom Inc. | call | Add +34.5% | 168,500 | $46.4M |
| AAPL Apple Inc. | call | Add +44.1% | 220,800 | $45.3M |
| AMZN Amazon.com Inc. | call | Add +53.4% | 206,100 | $45.2M |
| GOOGL Alphabet Inc. Class A | put | Add +45.0% | 231,800 | $40.9M |
| GOOG Alphabet Inc. Class C | put | Add +77.1% | 226,500 | $40.2M |
| GME Gamestop Corp. Class A | put | Add +69.7% | 1,606,800 | $39.2M |
| LCID Lucid Group Inc. | put | Add +33.4% | 16,560,800 | $34.9M |
| MSFT Microsoft Corp. | call | Add +74.1% | 70,000 | $34.8M |
| BE Bloom Energy Corp. Class A | put | Add +25.9% | 1,390,700 | $33.3M |
| AG First Majestic Silver Corp. | put | Add +4.7% | 3,966,400 | $32.8M |
| AMD Advanced Micro Devices | call | Add +40.3% | 227,300 | $32.3M |
| TXN Texas Instruments Inc. | put | Add +9.0% | 152,500 | $31.7M |
| WFC Wells Fargo & Co. | put | Add +33.3% | 394,500 | $31.6M |
| GOOG Alphabet Inc. Class C | call | Add +116.4% | 174,000 | $30.9M |
| BTDR Bitdeer Technologies Group-A | put | Add +38.4% | 2,563,400 | $29.4M |
| XOM Exxon Mobil Corp. | put | Add +32.9% | 261,500 | $28.2M |
| JPM JPMorgan Chase & Co. | put | Add +83.2% | 97,100 | $28.2M |
| SNAP Snap Inc. Class A | put | Add +4.4% | 3,229,800 | $28.1M |
| TSLA Tesla Inc. | call | Add +43.9% | 86,200 | $27.4M |
| MP MP Materials Corp. | put | Add +17.4% | 809,200 | $26.9M |
| ORCL Oracle Corp. | put | Add +141.8% | 120,900 | $26.4M |
| ORCL Oracle Corp. | call | Add +20.0% | 120,600 | $26.4M |
| META Meta Platforms Inc. Class A | call | Reduce -3.9% | 35,000 | $25.8M |
| C Citigroup Inc. | put | Add +21.4% | 297,200 | $25.3M |
| NFLX Netflix Inc. | put | Add +44.2% | 18,600 | $24.9M |
| CRM Salesforce Inc. | put | Add +74.7% | 90,500 | $24.7M |
| LLY Eli Lilly & Co. | put | Add +222.7% | 31,300 | $24.4M |
| GOOGL Alphabet Inc. Class A | call | Add +134.5% | 131,300 | $23.1M |
| LITE Lumentum Holdings Inc. | put | Reduce -16.4% | 242,800 | $23.1M |
Showing the first 50 of 362.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -0.1% | 100,135,000 | $177.8M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 131,242,000 | $167.5M |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | New | 77,600,000 | $166.5M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +14.6% | 117,938,000 | $123.7M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Add +11.6% | 91,650,000 | $114.9M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Add +50.9% | 90,165,000 | $112.8M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Add +1.3% | 89,484,000 | $106.3M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Add +257.3% | 61,307,000 | $98.3M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -4.5% | 63,884,000 | $98.1M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Reduce -25.7% | 103,148,000 | $92.7M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Add +218.8% | 69,814,000 | $86.9M |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | Reduce -7.8% | 46,996,000 | $83.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +39.8% | 82,500,000 | $82.0M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Reduce -14.3% | 75,201,000 | $80.1M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Reduce -15.3% | 82,793,000 | $79.3M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -45.6% | 42,640,000 | $76.8M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +67.4% | 81,862,000 | $75.7M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Reduce -24.3% | 54,450,000 | $69.8M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 57,000,000 | $61.7M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Add +3.6% | 66,233,000 | $61.6M |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | New | 50,690,000 | $60.7M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | New | 54,850,000 | $58.4M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Add +7.3% | 58,570,000 | $58.3M |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | New | 56,340,000 | $56.2M |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Sold out | 43,887,000 | $56.2Mbefore exit |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Add +21.4% | 48,300,000 | $56.2M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -12.5% | 41,872,000 | $53.2M |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | New | 50,444,000 | $49.1M |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | Sold out | 40,370,000 | $48.1Mbefore exit |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 42,470,000 | $47.1M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +5.7% | 674,999 | $46.1M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -18.1% | 40,271,000 | $42.4M |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Sold out | 41,038,000 | $42.1Mbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Add +7.2% | 44,500,000 | $41.6M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Add +32.3% | 31,846,000 | $39.8M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +158.5% | 34,409,000 | $39.3M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Sold out | 43,387,000 | $38.4Mbefore exit |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Reduce -11.8% | 37,475,000 | $36.4M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Add +92.5% | 435,663 | $36.0M |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | Reduce -28.3% | 30,818,000 | $35.8M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -24.2% | 29,499,000 | $33.7M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | New | 36,392,000 | $33.1M |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | Reduce -19.3% | 33,500,000 | $32.0M |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | New | 24,665,000 | $32.0M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 267,021 | $30.9M |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | Add +53.2% | 29,868,000 | $30.3M |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | Add +9.0% | 30,275,000 | $27.5M |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | New | 19,631,000 | $26.9M |
| BLOOM ENERGY CORP (BE 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | Sold out | 20,149,000 | $25.9Mbefore exit |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | New | 18,500,000 | $24.0M |
Showing the first 50 of 365.
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 |