Wolverine Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Wolverine Asset Management LLC reported 702 stock positions worth $1.4 billion. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 2.5% of the portfolio, followed by Aa Mission Acquisition Cor-A (AAM, 1.9%) and Voyager Acquisition (VACH, 1.8%). Compared with Q2 2025, it opened 188 new positions, sold out of 214, added to 195 and reduced 182. The biggest buy was a new position in Seagate Technology (STX) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001279891
- Portfolio Value
- $1.4B (Q3 2025)
- SEC Filing
- 0001279891-25-000042 ↗ filed Oct 28, 2025
Holdings Value
Holdings 702 stocks · $1.4B
| IBIT iShares Bitcoin Trust ETF | 2.53% | 553,690 | $36.0M | Reduce -52.4% |
| AAM Aa Mission Acquisition Cor-A | 1.89% | 2,558,810 | $26.9M | Add +12.2% |
| VACH Voyager Acquisition Corp. | 1.83% | 2,490,048 | $26.1M | Reduce -0.1% |
| ANSC Agriculture & Natural Soluti | 1.38% | 1,795,829 | $19.6M | Add +3.5% |
| ETHA iShares Ethereum Trust ETF | 1.36% | 614,234 | $19.4M | Reduce -31.8% |
| MLAC Mountain Lake Acquisition-A | 1.19% | 1,642,711 | $16.9M | Add +5.8% |
| HAYMAKER ACQUISITION CORP 4 | 1.15% | 1,442,432 | $16.4M | Add +44.0% |
| TDAC Translational Development Ac | 1.13% | 1,557,134 | $16.1M | Add +14.9% |
| MFA Mfa Financial Inc. | 0.98% | 1,513,503 | $13.9M | Add +57.5% |
| STX Seagate Technology Holdings | 0.96% | 57,979 | $13.7M | New |
| CUB Lionheart Holdings Class A | 0.93% | 1,263,435 | $13.3M | Add +34.3% |
| DMAA Drugs Made in America Acquis | 0.90% | 1,249,128 | $12.8M | Add +22.2% |
| ARR Armour Residential REIT Inc. | 0.89% | 848,724 | $12.7M | Add +570.6% |
| ASTS Ast Spacemobile Inc. | 0.88% | 256,401 | $12.6M | Reduce -0.8% |
| KFII K&F Growth Acquisition Cor-A | 0.85% | 1,189,395 | $12.1M | Add +188.3% |
| ESRT Empire State Realty Trust-A | 0.84% | 1,561,474 | $12.0M | Add +73.1% |
| TONT Graf Global Corp. Class A | 0.81% | 1,100,516 | $11.6M | Reduce -5.9% |
| GTERA Globa Terra Acquisition Co. Class A | 0.81% | 1,149,484 | $11.5M | New |
| POLE Andretti Acquisition Corp. Class A | 0.80% | 1,087,579 | $11.4M | Add +2.8% |
| NETD Nabors Energy Transition C-A | 0.78% | 987,310 | $11.1M | Reduce -26.2% |
| SNOW Snowflake Inc. | 0.75% | 47,461 | $10.7M | New |
| NTWO Newbury Street II Ac Class A | 0.73% | 1,006,617 | $10.4M | Add +11.3% |
| JACS Jackson Acquisition Co. Class A | 0.72% | 987,487 | $10.3M | Add +57.7% |
| ALF Centurion Acquisition Corp. | 0.71% | 964,289 | $10.2M | Add +24.0% |
| GPAT GP-Act III Acquisition-A | 0.71% | 954,866 | $10.1M | Add +90.6% |
| MACI Melar Acquisition Corp. I-A | 0.68% | 926,328 | $9.7M | Add +137.5% |
| ELME Elme Communities | 0.68% | 574,937 | $9.7M | Add +306.6% |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.66% | 890,035 | $9.4M | Add +51.7% |
| TAVI Tavia Acquisition Corp. | 0.66% | 902,571 | $9.3M | Add +2.1% |
| SSK Rex Osprey Sol Staking ETF | 0.65% | 289,301 | $9.3M | New |
| RFAI RF Acquisition Corp. II | 0.64% | 851,974 | $9.2M | Reduce -1.4% |
| IVR Invesco Mortgage Capital | 0.63% | 1,191,069 | $9.0M | Add +23.5% |
| EVAC Eqv Ventures Acquisition C-A | 0.60% | 856,869 | $8.5M | New |
| BCAR D. Boral Arc Acquisit Class A | 0.59% | 850,000 | $8.4M | New |
| RANG Range Capital Acquisition Co. | 0.59% | 816,149 | $8.4M | Add +0.1% |
| SZZL Sizzle Acquisition Corp. Class A | 0.57% | 810,419 | $8.2M | Reduce -7.0% |
| CHAR Charlton Aria Acquisiti Class A | 0.55% | 759,988 | $7.9M | Add +0.4% |
| PGAC Pantages Capital Acquisition | 0.54% | 750,245 | $7.7M | Reduce -0.6% |
| FACT Fact II Acquisition Corp. | 0.54% | 744,598 | $7.7M | Add +20.1% |
| BDN Brandywine Realty Trust | 0.54% | 1,837,528 | $7.7M | Add +72.7% |
| SIMA Sim Acquisition Corp. I-A | 0.54% | 723,945 | $7.6M | Add +83.3% |
| HTZ Hertz Global Hldgs Inc. | 0.53% | 1,113,919 | $7.6M | Add +203.6% |
| NMP NMP Acquisition Corp. Class A | 0.52% | 752,862 | $7.5M | New |
| AG First Majestic Silver Corp. | 0.52% | 598,028 | $7.3M | Reduce -30.5% |
| LPAA Launch One Acquisition Corp. | 0.52% | 699,179 | $7.3M | Add +22.2% |
| DMIIU Drugs Made in America Acquis | 0.50% | 715,057 | $7.1M | New |
| SBXDF Silverbox Corp. IV-A | 0.49% | 672,612 | $7.0M | Add +1163.0% |
| CIM Chimera Investment Corp. | 0.49% | 526,925 | $7.0M | Reduce -30.8% |
| HSPT Horizon Space Acquisition II | 0.48% | 656,189 | $6.8M | Reduce -3.9% |
| PACH Pioneer Acquisition I Class A | 0.47% | 677,208 | $6.7M | New |
| CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II | 0.47% | 665,087 | $6.7M | Add +23.6% |
| CRM Salesforce Inc. | 0.47% | 28,242 | $6.7M | Add +34.2% |
| PLMK Plum Acquisition Corp. IV | 0.47% | 643,869 | $6.6M | Reduce -0.7% |
| LIN Linde PLC | 0.46% | 13,931 | $6.6M | Add +25.4% |
| LYV Live Nation Entertainment Inc. | 0.46% | 39,780 | $6.5M | New |
| OBA Oxley Bridge Acquisitio Class A | 0.44% | 624,224 | $6.2M | Add +345.9% |
| DRDB Roman DBDR Acquisition Corp. | 0.43% | 588,302 | $6.1M | Add +428.6% |
| ASPC A Spac III Acquisition Class A | 0.42% | 578,010 | $6.0M | Reduce -0.9% |
| CAPN Cayson Acquisition Corp. | 0.42% | 568,452 | $5.9M | Reduce -0.5% |
| QSEA Quartzsea Acquisition Corp. | 0.42% | 584,505 | $5.9M | Add +9.6% |
| PDM Piedmont Realty Trust Inc. | 0.41% | 652,512 | $5.9M | Add +50.7% |
| SOCA Solarius Capital Acquis Class A | 0.41% | 585,106 | $5.8M | New |
| HST Host Hotels & Resorts Inc. | 0.41% | 339,252 | $5.8M | New |
| ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP | 0.40% | 581,000 | $5.8M | New |
| ISRG Intuitive Surgical Inc. | 0.40% | 12,670 | $5.7M | New |
| ENPH Enphase Energy Inc. | 0.39% | 157,970 | $5.6M | Add +840.2% |
| COLA Columbus Acquisition Corp. | 0.38% | 537,058 | $5.5M | Add +1.0% |
| ETSY Etsy Inc. | 0.38% | 81,979 | $5.4M | Add +10.7% |
| BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I | 0.37% | 530,393 | $5.3M | Add +430.4% |
| SOUL Soulpower Acquisition Co. Class A | 0.36% | 501,956 | $5.1M | Add +3.5% |
| OTGAU Otg Acquisition Corp. I | 0.35% | 500,000 | $5.0M | New |
| LEGT Legato Merger Corp. III | 0.33% | 442,944 | $4.8M | Add +14.4% |
| UYSC Uy Scuti Acquisition Corp. | 0.33% | 463,078 | $4.7M | Add +9.0% |
| HOUS Anywhere Real Estate Inc. | 0.33% | 441,002 | $4.7M | No change |
| ATII Archimedes Tech Spac Partner | 0.33% | 456,326 | $4.7M | Add +2913.8% |
| COOP Mr Cooper Group Inc. | 0.33% | 22,071 | $4.7M | Add +10.9% |
| PELI Pelican Acquisition Corp. | 0.33% | 461,569 | $4.6M | Add +1.9% |
| STAG Stag Industrial Inc. | 0.32% | 129,263 | $4.6M | Add +408.1% |
| RIBB Ribbon Acquisition Corp. | 0.32% | 444,185 | $4.5M | Reduce -0.4% |
| AFJK Aimei Health Technology Co. | 0.32% | 401,754 | $4.5M | Reduce -0.7% |
| IPG Interpublic Group of Cos Inc. | 0.32% | 162,814 | $4.5M | Add +82.8% |
| HSPOF Horizon Space Acquisition I | 0.32% | 365,655 | $4.5M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.31% | 28,758 | $4.4M | Add +51.4% |
| K Kellanova | 0.31% | 53,864 | $4.4M | Add +10.8% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 0.31% | 57,680 | $4.4M | New |
| WTG Wintergreen Acquisition Corp. | 0.31% | 436,398 | $4.4M | Add +2.9% |
| ORIQ Origin Investment Corp. I | 0.31% | 436,403 | $4.4M | New |
| NMAI Nuveen Multi-Asset Income | 0.31% | 336,983 | $4.4M | Reduce -17.1% |
| KRG Kite Realty Group Trust | 0.31% | 196,035 | $4.4M | New |
| PKG Packaging Corp. of America | 0.31% | 20,000 | $4.4M | No change |
| CCL Carnival Corp. | 0.31% | 150,365 | $4.3M | Reduce -27.9% |
| USA Liberty All Star Equity Fund | 0.30% | 683,152 | $4.3M | Add +259.0% |
| EURK Eureka Acquisition Corp. | 0.30% | 398,378 | $4.3M | Reduce -0.4% |
| HALO Halozyme Therapeutics Inc. | 0.30% | 57,860 | $4.2M | New |
| ALE Allete Inc. | 0.30% | 63,568 | $4.2M | Add +13.3% |
| INFA Informatica Inc. Class A | 0.30% | 169,234 | $4.2M | Add +2869.0% |
| GTLS Chart Industries Inc. | 0.29% | 20,878 | $4.2M | Add +184.5% |
| EMISU Emmis Acquisition Corp. | 0.29% | 418,256 | $4.2M | New |
| XNIEX Virtus Equity & Convertible | 0.29% | 165,473 | $4.2M | Add +1.4% |
| HCMA HCM III Acquisition Cor Class A | 0.29% | 408,826 | $4.1M | New |
Options reported separately and not counted above: LCID puts ($483.0M), MSTR puts ($429.8M), IREN puts ($247.3M), RIVN puts ($205.4M), RKLB puts ($170.7M), NIO puts ($164.3M), COIN puts ($157.6M), MARA puts ($149.3M), NVDA puts ($130.5M), BABA puts ($129.3M), AAPL puts ($116.8M), META puts ($108.0M), and 472 more.
Other holdings (405): bonds, preferreds, convertibles and warrants · $5.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 216,242,000 | $397.7M | Add +64.8% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 86,137,000 | $389.6M | No change |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 124,835,000 | $236.1M | New |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 100,135,000 | $197.9M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 136,938,000 | $139.9M | Add +16.1% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 77,600,000 | $138.5M | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 93,235,000 | $127.2M | Add +1.7% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 90,165,000 | $126.6M | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 103,085,000 | $114.8M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 89,484,000 | $102.6M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 99,587,000 | $97.5M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 95,964,000 | $97.2M | Add +16.3% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 92,510,000 | $96.3M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 106,346,000 | $95.6M | Add +3.1% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 67,564,000 | $94.3M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 62,107,000 | $88.3M | Add +1.3% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 38,199,000 | $85.5M | Reduce -2.5% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 78,457,000 | $82.5M | Add +87.4% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 82,793,000 | $81.0M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 70,814,000 | $79.7M | Add +1.4% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 72,900,000 | $78.4M | Add +27.9% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 57,019,000 | $78.2M | Add +4.7% |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 25,825,000 | $77.1M | Add +39.6% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 70,650,000 | $75.9M | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 57,199,000 | $74.0M | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 53,203,000 | $73.7M | Add +56.9% |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 56,000,000 | $73.0M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 50,470,000 | $64.4M | Add +18.8% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 49,350,000 | $62.0M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 55,600,000 | $59.7M | Add +158.6% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 52,387,000 | $58.4M | Add +317.9% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 554,985 | $56.2M | Add +27.4% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 56,340,000 | $52.1M | No change |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 50,690,000 | $51.7M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 1,332,695 | $51.1M | Add +349.2% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 50,444,000 | $48.4M | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 48,733,000 | $48.2M | Reduce -26.4% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 34,488,000 | $44.2M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 44,500,000 | $44.0M | No change |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 40,750,000 | $42.3M | Reduce -25.7% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 42,893,000 | $42.0M | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 601,022 | $41.9M | Reduce -11.0% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 32,820,000 | $39.9M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 28,562,000 | $39.5M | Reduce -29.1% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 41,392,000 | $38.6M | Add +13.7% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 35,475,000 | $38.3M | Reduce -5.3% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 41,000,000 | $38.0M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 384,348 | $36.5M | Add +43.9% |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | NOTE 2.250% 7/0 · principal | 27,425,000 | $36.3M | New |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 25,947,000 | $33.3M | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 33,500,000 | $32.8M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 32,318,000 | $32.5M | Add +4.9% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 27,849,000 | $31.0M | Add +98.9% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 23,288,000 | $30.2M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 117,820,000 | $29.3M | No change |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 18,159,000 | $28.6M | Reduce -26.4% |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 18,955,000 | $28.1M | Reduce -54.9% |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 30,275,000 | $28.1M | No change |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 18,167,000 | $27.6M | New |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 21,800,000 | $24.2M | Reduce -54.9% |
| PROS HOLDINGS INC (PRO 2.5 07/01/30) | DEBT 2.500% 7/0 · principal | 18,669,000 | $24.1M | No change |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 88,082 | $23.9M | New |
| GROUPON INC (GRPN 4.875 06/30/30 UNRS) | NOTE 4.875% 6/3 · principal | 25,200,000 | $23.6M | New |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 17,925,000 | $23.0M | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 14,511,000 | $20.6M | Reduce -27.6% |
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | 12,950,000 | $19.9M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 21,187,000 | $19.3M | Add +11.5% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 15,553,000 | $19.3M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 481,621 | $19.1M | Reduce -19.1% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 21,966,000 | $19.0M | Reduce -14.1% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 11,800,000 | $18.5M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 20,021,000 | $18.4M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 17,415,000 | $18.4M | No change |
| PENGUIN SOLUTIONS CAYMEN (PENG 2.25 02/15/26) | NOTE 2.250% 2/1 · principal | 13,450,000 | $18.3M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 16,930,000 | $18.3M | Add +7.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 10,884,000 | $17.7M | Reduce -83.0% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 16,258,000 | $17.6M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 239,041 | $17.0M | Add +17.3% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 9,740,000 | $16.3M | Reduce -69.4% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 10,131,000 | $15.3M | Reduce -75.4% |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 21,996,000 | $15.1M | No change |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 14,834,000 | $14.8M | No change |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 14,000,000 | $14.0M | New |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 13,747,000 | $13.7M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 8,500,000 | $13.4M | No change |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | 34,467,000 | $12.8M | No change |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 12,923,000 | $12.5M | Reduce -66.1% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 14,000,000 | $12.4M | New |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 7,499,000 | $11.5M | Reduce -61.8% |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 7,950,000 | $10.4M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 4,250,000 | $10.3M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 10,050,000 | $9.1M | Reduce -82.8% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 9,000,000 | $9.0M | No change |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 158,787 | $8.7M | Reduce -7.7% |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 7,064,000 | $8.2M | New |
| CARDLYTICS INC (CDLX 4.25 04/01/29) | NOTE 4.250% 4/0 · principal | 14,879,000 | $7.7M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 7,816,000 | $7.2M | Reduce -90.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 137,818 | $6.9M | Add +15.5% |
| ZYNEX INC (ZYXI 5 05/15/26) | NOTE 5.000% 5/1 · principal | 9,500,000 | $6.1M | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 5,681,000 | $5.2M | No change |
| LUMINAR TECHNOLOGIES INC (LAZR 9 01/15/30) | DEBT 9.000% 1/1 · principal | 14,771,000 | $4.9M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 5,000,000 | $4.7M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 64,180 | $4.4M | Reduce -34.0% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,205 | $4.1M | Reduce -0.6% |
| EXEEZ Chesapeake Energy -CW26 | *W EXP 02/09/202 | 40,906 | $4.1M | Reduce -1.7% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 290,591 | $3.4M | Reduce -7.1% |
| GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) | NOTE 5.875%10/0 · principal | 3,250,000 | $3.2M | New |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 3,122,000 | $3.2M | Add +5.2% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 42,477 | $3.0M | Add +101.4% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 59,441 | $3.0M | Reduce -23.1% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 2,000,000 | $2.1M | Reduce -50.0% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 20,771 | $2.0M | Reduce -22.1% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,000,000 | $2.0M | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 37,605 | $2.0M | Add +297.1% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 41,476 | $2.0M | Reduce -54.4% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 2,050,000 | $1.9M | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 2,000,000 | $1.8M | Reduce -88.6% |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 477,428 | $1.7M | Add +21.1% |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 193,950 | $1.6M | Add +7.8% |
| USA RARE EARTH INC | *W EXP 03/13/203 | 123,355 | $890K | Reduce -32.6% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 8,716 | $799K | Reduce -5.0% |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 209,101 | $765K | Reduce -5.0% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 26,283 | $668K | Reduce -7.5% |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 160,424 | $542K | Reduce -3.0% |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 342,420 | $517K | Reduce -4.3% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 9,399 | $451K | Reduce -43.0% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 61,728 | $338K | Add +5.2% |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 153,696 | $323K | Reduce -9.8% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 491,863 | $310K | Reduce -1.1% |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 26,908 | $231K | Add +6.8% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 431,699 | $229K | Add +5.9% |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 54,230 | $229K | Reduce -1.9% |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 54,977 | $223K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 132,272 | $221K | Reduce -4.1% |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 118,220 | $218K | Add +52.2% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 270,836 | $204K | Reduce -20.9% |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 251,649 | $184K | Add +20.6% |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 164,853 | $179K | Reduce -17.9% |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 27,812 | $167K | Reduce -18.5% |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 237,138 | $138K | Add +10.6% |
| EXEEW Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,243 | $129K | Reduce -0.8% |
| SOUNW Soundhound AI Inc. | *W EXP 04/26/202 | 17,399 | $125K | Add +30.2% |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 206,560 | $124K | Reduce -30.0% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 563,138 | $122K | Reduce -6.3% |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 361,093 | $116K | Reduce -18.2% |
| NMPAR NMP Acquisition Corp. | RIGHT 06/27/2030 | 521,162 | $109K | New |
| VWAVW Visionwave Holdings Inc. | *W EXP 07/14/203 | 259,594 | $107K | New |
| GTERR Globa Terra Acquisition-RTS | RIGHT 06/17/2030 | 701,679 | $105K | New |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 132,057 | $99K | Reduce -6.3% |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 158,928 | $99K | Add +17.2% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 84,948 | $93K | Reduce -55.3% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 130,584 | $92K | New |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 580,000 | $90K | New |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 52,661 | $88K | Add +0.3% |
| GTERW Globa Terra Acquisition - 30 | *W EXP 06/17/203 | 595,328 | $86K | New |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 76,947 | $86K | Add +32.8% |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 426,700 | $85K | Reduce -0.7% |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 385,803 | $85K | Reduce -21.4% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 384,194 | $84K | Reduce -8.5% |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 378,285 | $80K | Reduce -4.3% |
| AENTW Adara Acquisition Class A -CW26 | *W EXP 02/11/202 | 134,452 | $79K | Add +7.7% |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 519,833 | $78K | Reduce -9.6% |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 4,275 | $77K | Add +228.6% |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 468,875 | $75K | Reduce -1.7% |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 402,467 | $72K | Reduce -2.9% |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 1,035,828 | $72K | Reduce -0.7% |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | 423,019 | $68K | Reduce -0.3% |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 308,415 | $66K | Reduce -0.2% |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 23,550 | $66K | Add +209.3% |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 184,186 | $64K | Reduce -1.8% |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 80,004 | $63K | Reduce -36.1% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 352,272 | $60K | Reduce -10.6% |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 306,390 | $58K | Reduce -19.0% |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 46,540 | $56K | Reduce -30.8% |
| EOS ENERGY ENTER -CW26 | *W EXP 11/17/202 | 31,523 | $56K | Add +264.2% |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 374,299 | $52K | Reduce -2.7% |
| BSAAR Best Spac I Acquisition - RT | RIGHT 05/27/2030 | 372,741 | $52K | Reduce -0.9% |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 191,886 | $52K | Reduce -60.2% |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 58,556 | $52K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 69,863 | $50K | Reduce -14.4% |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 113,140 | $50K | Reduce -0.7% |
| NXATW K Wave Media Ltd.-28 | *W EXP 05/14/203 | 335,626 | $49K | Reduce -22.8% |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 346,070 | $48K | No change |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 21,795 | $48K | Reduce -34.7% |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 264,817 | $48K | No change |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 309,772 | $47K | Add +1785.8% |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 310,006 | $47K | No change |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 249,085 | $45K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 243,076 | $44K | Reduce -2.7% |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 143,803 | $42K | Reduce -7.2% |
| ATMCR Alphatime Acquisition-Right | RIGHT 03/01/2028 | 146,713 | $42K | Reduce -44.3% |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 243,018 | $41K | Reduce -1.2% |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 183,709 | $40K | Reduce -8.0% |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 182,344 | $40K | Add +32.1% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 61,467 | $40K | Reduce -10.0% |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 547,673 | $40K | Reduce -0.5% |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 130,473 | $39K | Reduce -7.8% |
| YDESW YD Bio Ltd. -30 | *W EXP 08/28/203 | 18,134 | $39K | New |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 154,783 | $38K | Reduce -13.2% |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 199,806 | $38K | Reduce -25.6% |
Largest 200 of 405 shown.
Total filed on the 13F, all lines: $6.8B.
Portfolio Sells Q2 2025 → Q3 2025
| IBIT iShares Bitcoin Trust ETF | Reduce -52.4% | 2.53% | −2.63 |
| ARES ACQUISITION CORP II | Sold out | 0.00% | −1.66 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.53 |
| SNAP Snap Inc. Class A | Reduce -86.8% | 0.15% | −1.16 |
| VCIC Vine Hill Capital Class A | Reduce -90.1% | 0.10% | −0.93 |
| SPKLF Spark I Acquisition Corp. | Sold out | 0.00% | −0.71 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.69 |
| XRPN Armada Acquisition Class A | Reduce -83.4% | 0.12% | −0.58 |
| W Wayfair Inc. Class A | Reduce -94.4% | 0.06% | −0.55 |
| LOW Lowe's Cos Inc. | Reduce -99.9% | 0.00% | −0.55 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.54 |
| SBUX Starbucks Corp. | Reduce -77.3% | 0.13% | −0.51 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.48 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.48 |
| IBAC Ib Acquisition Corp. | Reduce -85.8% | 0.07% | −0.46 |
| MCHP Microchip Technology Inc. | Reduce -98.8% | 0.00% | −0.42 |
| TWO Two Harbors Investment Corp. | Reduce -68.3% | 0.16% | −0.42 |
| DTSQ DT Cloud Star Acquisition Co. | Sold out | 0.00% | −0.41 |
| WLAC Willow Lane Acquisition Class A | Sold out | 0.00% | −0.39 |
| TGI Triumph Group Inc. | Sold out | 0.00% | −0.37 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −0.33 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.32 |
| TY Tri-Continental Corp. | Reduce -89.6% | 0.04% | −0.31 |
| ACN Accenture PLC Class A | Reduce -59.7% | 0.15% | −0.31 |
| NETD Nabors Energy Transition C-A | Reduce -26.2% | 0.78% | −0.30 |
| INTC Intel Corp. | Sold out | 0.00% | −0.29 |
| OAKU Oak Woods Acquisition Corp. Class A | Sold out | 0.00% | −0.29 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.29 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.29 |
| CIM Chimera Investment Corp. | Reduce -30.8% | 0.49% | −0.28 |
| XOM Exxon Mobil Corp. | Reduce -62.4% | 0.17% | −0.27 |
| NML Neuberger Energy Infrastruct | Sold out | 0.00% | −0.27 |
| RDUS Radius Recycling Inc. Class A | Sold out | 0.00% | −0.27 |
| FSHP Flag Ship Acquisition Corp. | Reduce -70.2% | 0.11% | −0.27 |
| KVACF Keen Vision Acquisition Corp. | Reduce -51.6% | 0.24% | −0.27 |
| CHX Championx Corp. | Sold out | 0.00% | −0.26 |
| COP Conocophillips | Reduce -62.5% | 0.16% | −0.26 |
| DYNC Dynamix Corp. | Reduce -96.0% | 0.01% | −0.24 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −0.23 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.22 |
| TGT Target Corp. | Reduce -95.4% | 0.01% | −0.21 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.21 |
| EMCGF Embrace Change Acquisition C | Sold out | 0.00% | −0.21 |
| LLY Eli Lilly & Co. | Reduce -64.7% | 0.10% | −0.20 |
| APLE Apple Hospitality REIT Inc. | Reduce -52.7% | 0.18% | −0.20 |
| PACHU Pioneer Acquisition I Corp. | Reduce -100.0% | 0.00% | −0.20 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.19 |
| NBXG Neuberger Next Generation Co. | Sold out | 0.00% | −0.19 |
| YHNA YHN Acquisition I Ltd. | Sold out | 0.00% | −0.18 |
| TVA Texas Ventures Acquisition-A | Reduce -51.1% | 0.18% | −0.18 |
Portfolio Buys Q2 2025 → Q3 2025
| STX Seagate Technology Holdings | New | 0.96% | +0.96 |
| GTERA Globa Terra Acquisition Co. Class A | New | 0.81% | +0.81 |
| SNOW Snowflake Inc. | New | 0.75% | +0.75 |
| ARR Armour Residential REIT Inc. | Add +570.6% | 0.89% | +0.74 |
| SSK Rex Osprey Sol Staking ETF | New | 0.65% | +0.65 |
| EVAC Eqv Ventures Acquisition C-A | New | 0.60% | +0.60 |
| BCAR D. Boral Arc Acquisit Class A | New | 0.59% | +0.59 |
| KFII K&F Growth Acquisition Cor-A | Add +188.3% | 0.85% | +0.55 |
| NMP NMP Acquisition Corp. Class A | New | 0.52% | +0.52 |
| ELME Elme Communities | Add +306.6% | 0.68% | +0.52 |
| DMIIU Drugs Made in America Acquis | New | 0.50% | +0.50 |
| PACH Pioneer Acquisition I Class A | New | 0.47% | +0.47 |
| LYV Live Nation Entertainment Inc. | New | 0.46% | +0.46 |
| SBXDF Silverbox Corp. IV-A | Add +1163.0% | 0.49% | +0.45 |
| SOCA Solarius Capital Acquis Class A | New | 0.41% | +0.41 |
| HST Host Hotels & Resorts Inc. | New | 0.41% | +0.41 |
| ENHA Enhanced Group Inc. | New | 0.40% | +0.40 |
| ISRG Intuitive Surgical Inc. | New | 0.40% | +0.40 |
| MACI Melar Acquisition Corp. I-A | Add +137.5% | 0.68% | +0.39 |
| OTGAU Otg Acquisition Corp. I | New | 0.35% | +0.35 |
| HTZ Hertz Global Hldgs Inc. | Add +203.6% | 0.53% | +0.35 |
| ENPH Enphase Energy Inc. | Add +840.2% | 0.39% | +0.34 |
| DRDB Roman DBDR Acquisition Corp. | Add +428.6% | 0.43% | +0.34 |
| HAYMAKER ACQUISITION CORP 4 | Add +44.0% | 1.15% | +0.34 |
| OBA Oxley Bridge Acquisitio Class A | Add +345.9% | 0.44% | +0.33 |
| GPAT GP-Act III Acquisition-A | Add +90.6% | 0.71% | +0.33 |
| MFA Mfa Financial Inc. | Add +57.5% | 0.98% | +0.32 |
| ATII Archimedes Tech Spac Partner | Add +2913.8% | 0.33% | +0.32 |
| ESRT Empire State Realty Trust-A | Add +73.1% | 0.84% | +0.31 |
| WNS WNS Holdings Ltd. | New | 0.31% | +0.31 |
| ORIQ Origin Investment Corp. I | New | 0.31% | +0.31 |
| KRG Kite Realty Group Trust | New | 0.31% | +0.31 |
| BLUW Blue Water Acquisition C-A | Add +430.4% | 0.37% | +0.30 |
| HALO Halozyme Therapeutics Inc. | New | 0.30% | +0.30 |
| EMISU Emmis Acquisition Corp. | New | 0.29% | +0.29 |
| HCMA HCM III Acquisition Cor Class A | New | 0.29% | +0.29 |
| VRNA Verona Pharma Ltd. | New | 0.29% | +0.29 |
| INFA Informatica Inc. Class A | Add +2869.0% | 0.30% | +0.28 |
| TXN Texas Instruments Inc. | New | 0.28% | +0.28 |
| BSAA Best Spac I Acquisition-A | New | 0.27% | +0.27 |
| INAC Indigo Acquisition Corp. | New | 0.26% | +0.26 |
| STAG Stag Industrial Inc. | Add +408.1% | 0.32% | +0.25 |
| JACS Jackson Acquisition Co. Class A | Add +57.7% | 0.72% | +0.25 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.25% | +0.25 |
| BTX BlackRock Tech & Priv Eqty | Add +4287.9% | 0.25% | +0.24 |
| SIMA Sim Acquisition Corp. I-A | Add +83.3% | 0.54% | +0.24 |
| MBVIU M3-Brigade Acquisition Vi Co. | New | 0.23% | +0.23 |
| DRH Diamondrock Hospitality Co. | New | 0.23% | +0.23 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +5782.1% | 0.23% | +0.22 |
| AL Sumisho Air Lease Corp. | New | 0.22% | +0.22 |
Options Activity Q2 2025 → Q3 2025
| LCID Lucid Group Inc. | put | Add +1125.8% | 20,300,700 | $483.0M |
| MSTR Strategy Inc. | put | Reduce -6.1% | 1,334,000 | $429.8M |
| IREN Iren Ltd. | put | Add +19.2% | 5,270,600 | $247.3M |
| RIVN Rivian Automotive Inc. Class A | put | Add +3.7% | 13,989,800 | $205.4M |
| NIO Nio Inc. - ADR | put | Reduce -2.2% | 21,562,300 | $164.3M |
| COIN Coinbase Global Inc. Class A | put | Reduce -3.5% | 467,000 | $157.6M |
| MARA Mara Holdings Inc. | put | Add +1.2% | 8,175,100 | $149.3M |
| NVDA Nvidia Corp. | put | Add +23.5% | 699,500 | $130.5M |
| BABA Alibaba Group Holding-SP ADR | put | Add +62.4% | 723,500 | $129.3M |
| AAPL Apple Inc. | put | Add +38.7% | 458,600 | $116.8M |
| META Meta Platforms Inc. Class A | put | Add +95.3% | 147,100 | $108.0M |
| V Visa Inc. Class A | call | Add +1981.0% | 305,900 | $104.4M |
| W Wayfair Inc. Class A | put | Add +10.1% | 1,138,600 | $101.7M |
| ASTS Ast Spacemobile Inc. | put | Add +59.0% | 1,947,900 | $95.6M |
| BE Bloom Energy Corp. Class A | put | Reduce -19.8% | 1,116,000 | $94.4M |
| AAPL Apple Inc. | call | Add +66.8% | 368,200 | $93.8M |
| TSLA Tesla Inc. | put | Add +3.3% | 198,400 | $88.2M |
| NVDA Nvidia Corp. | call | Add +49.2% | 456,000 | $85.1M |
| AVGO Broadcom Inc. | put | Reduce -15.7% | 248,700 | $82.0M |
| CLSK Cleanspark Inc. | put | Add +1.6% | 5,579,500 | $80.9M |
| SMCI Super Micro Computer Inc. | put | Reduce -1.7% | 1,376,400 | $66.0M |
| AMZN Amazon.com Inc. | put | Add +7.4% | 291,100 | $63.9M |
| MSFT Microsoft Corp. | put | Add +4.1% | 118,900 | $61.6M |
| GME Gamestop Corp. Class A | put | Add +31.5% | 2,112,800 | $57.6M |
| SE Sea Ltd.-ADR | put | Reduce -7.2% | 318,000 | $56.8M |
| AMD Advanced Micro Devices | put | Reduce -13.5% | 337,600 | $54.6M |
| INTC Intel Corp. | call | Add +266.5% | 1,608,700 | $54.0M |
| GOOGL Alphabet Inc. Class A | put | Reduce -9.4% | 210,000 | $51.1M |
| AG First Majestic Silver Corp. | put | Add +1.9% | 4,041,400 | $49.7M |
| BTDR Bitdeer Technologies Group-A | put | Add +12.0% | 2,871,900 | $49.1M |
| WULF Terawulf Inc. | put | Add +2.4% | 4,265,000 | $48.7M |
| GOOG Alphabet Inc. Class C | put | Reduce -12.1% | 199,000 | $48.5M |
| GOOG Alphabet Inc. Class C | call | Add +14.2% | 198,700 | $48.4M |
| MP MP Materials Corp. | put | Reduce -14.8% | 689,200 | $46.2M |
| AMZN Amazon.com Inc. | call | Add +1.9% | 210,000 | $46.1M |
| RIOT Riot Platforms Inc. | put | Add +24.2% | 2,389,900 | $45.5M |
| INTC Intel Corp. | put | Add +98.3% | 1,350,300 | $45.3M |
| BA The Boeing Co. | put | Add +124.9% | 204,000 | $44.0M |
| MSFT Microsoft Corp. | call | Add +20.1% | 84,100 | $43.6M |
| BAC Bank of America Corp. | put | Add +132.8% | 842,800 | $43.5M |
| TSLA Tesla Inc. | call | Add +13.0% | 97,400 | $43.3M |
| META Meta Platforms Inc. Class A | call | Add +54.0% | 53,900 | $39.6M |
| AMD Advanced Micro Devices | call | Add +2.6% | 233,300 | $37.7M |
| BAC Bank of America Corp. | call | Add +280.3% | 730,200 | $37.7M |
| ORCL Oracle Corp. | put | Add +7.4% | 129,900 | $36.5M |
| AVGO Broadcom Inc. | call | Reduce -34.7% | 110,000 | $36.3M |
| SNOW Snowflake Inc. | put | Add +21428.6% | 150,700 | $34.0M |
| GOOGL Alphabet Inc. Class A | call | Add +5.8% | 138,900 | $33.8M |
| QCOM Qualcomm Inc. | put | Add +55.7% | 201,900 | $33.6M |
| SEDG Solaredge Technologies Inc. | put | Add +15.3% | 786,700 | $29.1M |
Showing the first 50 of 353.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +64.8% | 216,242,000 | $397.7M |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | New | 124,835,000 | $236.1M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +16.1% | 136,938,000 | $139.9M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Add +1.7% | 93,235,000 | $127.2M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +16.3% | 95,964,000 | $97.2M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +3.1% | 106,346,000 | $95.6M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 67,564,000 | $94.3M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Add +1.3% | 62,107,000 | $88.3M |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | Reduce -2.5% | 38,199,000 | $85.5M |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | Sold out | 46,996,000 | $83.5Mbefore exit |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Add +87.4% | 78,457,000 | $82.5M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Sold out | 75,201,000 | $80.1Mbefore exit |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Add +1.4% | 70,814,000 | $79.7M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Add +27.9% | 72,900,000 | $78.4M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Add +4.7% | 57,019,000 | $78.2M |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | Add +39.6% | 25,825,000 | $77.1M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 42,640,000 | $76.8Mbefore exit |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | New | 57,199,000 | $74.0M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Add +56.9% | 53,203,000 | $73.7M |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | New | 56,000,000 | $73.0M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +18.8% | 50,470,000 | $64.4M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Sold out | 29,999,000 | $63.6Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 49,350,000 | $62.0M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +158.6% | 55,600,000 | $59.7M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +317.9% | 52,387,000 | $58.4M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Add +27.4% | 554,985 | $56.2M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +349.2% | 1,332,695 | $51.1M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -26.4% | 48,733,000 | $48.2M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | New | 34,488,000 | $44.2M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | Reduce -25.7% | 40,750,000 | $42.3M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -11.0% | 601,022 | $41.9M |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | New | 32,820,000 | $39.9M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -29.1% | 28,562,000 | $39.5M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Sold out | 34,409,000 | $39.3Mbefore exit |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | Add +13.7% | 41,392,000 | $38.6M |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Reduce -5.3% | 35,475,000 | $38.3M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | New | 41,000,000 | $38.0M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Add +43.9% | 384,348 | $36.5M |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | NOTE 2.250% 7/0 · principal | New | 27,425,000 | $36.3M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Sold out | 29,499,000 | $33.7Mbefore exit |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | Add +4.9% | 32,318,000 | $32.5M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +98.9% | 27,849,000 | $31.0M |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | Sold out | 29,868,000 | $30.3Mbefore exit |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | New | 23,288,000 | $30.2M |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | Reduce -26.4% | 18,159,000 | $28.6M |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | Reduce -54.9% | 18,955,000 | $28.1M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 18,167,000 | $27.6M |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Reduce -54.9% | 21,800,000 | $24.2M |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | New | 88,082 | $23.9M |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | Sold out | 22,467,000 | $23.9Mbefore exit |
Showing the first 50 of 371.
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 |