Aequim Alternative Investments LP
Follow13F filer, CIK 1728201, MILL VALLEY, CA
Aequim Alternative Investments LP reported $2,525,530,370 across 92 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-13. Its ten largest share positions make up 37.17% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-000996
- Period
- 2025-03-31
- Reported value
- $2.53B
- Holdings
- 92
- Top 10 weight
- 37.17%
- New
- 15
- Sold out
- 20
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| PG&E CORPadded | +1,020,000 | $45M |
| BAPRAnew | +400,000 | $23.9M |
| BTSGadded | +150,000 | $9.89M |
| SPOTadded | +14,300 | $7.87M |
| Knew | +52,546 | $4.33M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| OXY/WSexited | -8,542,000 | -$235M |
| EXPAND ENERGY CORPORATIONexited | -2,295,261 | -$207M |
| EXPAND ENERGY CORPORATIONexited | -1,146,996 | -$109M |
| FLRreduced | -438,032 | -$15.7M |
| EXEELreduced | -139,709 | -$14M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q1 2025
Share positions as resolved from 13F-HR 0001420506-25-000996, largest first. % of portfolio is the value over $2,507,315,370, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| EXEELCHESAPEAKE ENERGY CORP -CW26 | 1,154,388 | $116M | 4.63% | -139,709 | Timeline | ||
| HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE C | 1,800,000 | $85.9M | 3.43% | 0 | |||
| BTSGBRIGHTSPRING HEALTH SVCS INC | 1,140,000 | $75.2M | 3% | +150,000 | Timeline | ||
| PG&E CORPPG&E CORP | 1,350,000 | $59.6M | 2.38% | +1,020,000 | |||
| NEENEXTERA ENERGY INC | 1,050,000 | $50.2M | 2% | 0 | Timeline | ||
| CHART INDS INCCHART INDS INC | 500,000 | $27.4M | 1.09% | +50,000 | |||
| ALBEMARLE CORPALBEMARLE CORP | 750,000 | $26.7M | 1.07% | -350,000 | |||
| CNKCINEMARK HLDGS INC | 1,000,209 | $24.9M | 0.99% | +40,413 | Timeline | ||
| BAPRABOEING CO | 400,000 | $23.9M | 0.95% | new | Timeline | ||
| CCLCARNIVAL CORP | 1,004,704 | $19.6M | 0.78% | 0 | Timeline | ||
| SPOTSPOTIFY TECHNOLOGY S A | 25,000 | $13.8M | 0.55% | +14,300 | Timeline | ||
| FLRFLUOR CORP | 375,318 | $13.4M | 0.54% | -438,032 | Timeline | ||
| DISCOVER FINL SVCSDISCOVER FINL SVCS | 62,478 | $10.7M | 0.43% | 0 | |||
| EPR PPTYSEPR PPTYS | 440,000 | $10.2M | 0.41% | 0 | |||
| COINCOINBASE GLOBAL INC | 58,800 | $10.1M | 0.4% | 0 | Timeline | ||
| SIRISIRIUSXM HOLDINGS INC | 293,124 | $6.61M | 0.26% | 0 | Timeline | ||
| KKELLANOVA | 52,546 | $4.33M | 0.17% | new | Timeline | ||
| ETSYETSY INC | 74,126 | $3.5M | 0.14% | new | Timeline | ||
| RPAYREPAY HLDGS CORP | 578,484 | $3.22M | 0.13% | 0 | Timeline | ||
| PDPAGERDUTY INC | 163,300 | $2.98M | 0.12% | 0 | Timeline | ||
| ALEALLETE INC | 38,525 | $2.53M | 0.1% | +12,049 | Timeline | ||
| EPR PPTYSEPR PPTYS | 69,492 | $2.09M | 0.08% | +19,492 | |||
| JAZZJAZZ PHARMACEUTICALS PLC | 16,700 | $2.07M | 0.08% | 0 | Timeline | ||
| GCM GROSVENOR INCGCM GROSVENOR INC | 1,151,021 | $1.98M | 0.08% | +66,021 | |||
| INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC | 15,000 | $1.98M | 0.08% | new | |||
| WOLFSPEED INCWOLFSPEED INC | 630,885 | $1.93M | 0.08% | +218,706 | |||
| PSNPARSONS CORP DEL | 29,300 | $1.73M | 0.07% | 0 | Timeline | ||
| WKWORKIVA INC | 22,200 | $1.69M | 0.07% | 0 | Timeline | ||
| COMPOSECURE INCCOMPOSECURE INC | 231,114 | $897K | 0.04% | 0 | |||
| BAXBAXTER INTL INC | 25,000 | $856K | 0.03% | 0 | Timeline | ||
| CLFCLEVELAND-CLIFFS INC NEW | 73,000 | $600K | 0.02% | 0 | Timeline | ||
| OMFONEMAIN HLDGS INC | 8,426 | $412K | 0.02% | 0 | Timeline | ||
| NETCLOUDFLARE INC | 3,300 | $372K | 0.01% | new | Timeline | ||
| GTGOODYEAR TIRE & RUBR CO | 30,000 | $277K | 0.01% | 0 | Timeline | ||
| ZDZIFF DAVIS INC | 7,033 | $264K | 0.01% | 0 | Timeline | ||
| OIO-I GLASS INC | 20,000 | $229K | 0.01% | 0 | Timeline | ||
| ALGOMA STL GROUP INCALGOMA STL GROUP INC | 414,191 | $145K | 0.01% | 0 | |||
| BUTTERFLY NETWORK INCBUTTERFLY NETWORK INC | 49,393 | $4.45K | <0.01% | new | |||
| IMMATICS N.VIMMATICS N.V | 252,741 | $3.99K | <0.01% | 0 |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| UBERUBER TECHNOLOGIES INC COM | call | 250,000 | $18.2M | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A | principal | 115,000,000 | $110M | +40,000,000 |
| SOUTHERN COSOUTHERN CO NOTE 3.875%12/1 | principal | 90,000,000 | $100M | 0 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 115,000,000 | $99.9M | +7,000,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 101,500,000 | $99.6M | 0 |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 77,500,000 | $84M | 0 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 70,000,000 | $82.4M | +20,000,000 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 75,000,000 | $77M | 0 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 59,500,000 | $76.7M | 0 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 60,000,000 | $66.5M | 0 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 60,000,000 | $64.3M | 0 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 62,500,000 | $63.4M | 0 |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 65,000,000 | $62.6M | 0 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 50,000,000 | $60.3M | 0 |
| INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0 | principal | 20,000,000 | $53.8M | 0 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 48,000,000 | $52.1M | 0 |
| Shopify IncShopify Inc Convertible bond | principal | 50,000,000 | $50.2M | 0 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1 | principal | 45,000,000 | $48.3M | 0 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 48,500,000 | $47.4M | +3,500,000 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 40,000,000 | $46.2M | -10,000,000 |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1 | principal | 42,500,000 | $40.8M | 0 |
| BLACKLINE INCBLACKLINE INC NOTE 3/1 | principal | 38,500,000 | $37M | 0 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1 | principal | 35,000,000 | $36.3M | new |
| NUTANIX INCNUTANIX INC Convertible | principal | 26,302,000 | $35.1M | new |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1 | principal | 37,500,000 | $34.5M | +2,500,000 |
| CONFLUENT INCCONFLUENT INC NOTE 1/1 | principal | 32,460,000 | $30M | +12,460,000 |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 30,000,000 | $29.1M | new |
| DATADOG INCDATADOG INC NOTE 0.125% 6/1 | principal | 25,550,000 | $28.7M | 0 |
| CSG SYS INTL INCCSG SYS INTL INC NOTE 3.875% 9/1 | principal | 20,000,000 | $21.7M | +7,500,000 |
| JAMF HLDG CORPJAMF HLDG CORP NOTE 0.125% 9/0 | principal | 22,500,000 | $21.2M | +2,000,000 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0 | principal | 17,500,000 | $20.1M | 0 |
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0 | principal | 20,000,000 | $20M | new |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 17,500,000 | $19.6M | 0 |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 17,500,000 | $18M | +5,000,000 |
| UNITY SOFTWARE INCUNITY SOFTWARE INC NOTE 11/1 | principal | 18,674,000 | $17.4M | -36,576,000 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 17,500,000 | $14.9M | 0 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 15,000,000 | $14.3M | new |
| PROS HOLDINGS INCPROS HOLDINGS INC NOTE 2.250% 9/1 | principal | 15,000,000 | $14.2M | 0 |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 15,500,000 | $14.1M | 0 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 9,000,000 | $12.5M | 0 |
| MIDDLEBY CORPMIDDLEBY CORP NOTE 1.000% 9/0 | principal | 10,326,000 | $12.5M | -9,674,000 |
| RAPID7 INCRAPID7 INC NOTE 2.250% 5/0 | principal | 11,925,000 | $11.9M | 0 |
| MIRUM PHARMACEUTICALS INCMIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 | principal | 6,000,000 | $9.76M | 0 |
| SNAP INCSNAP INC NOTE 5/0 | principal | 10,000,000 | $8.94M | 0 |
| VARONIS SYS INCVARONIS SYS INC BOND | principal | 5,000,000 | $6.67M | 0 |
| ACCOLADE INCACCOLADE INC NOTE 0.500% 4/0 | principal | 5,000,000 | $4.92M | new |
| LIVEPERSON INCLIVEPERSON INC NOTE 12/1 | principal | 9,400,000 | $3.71M | 0 |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0 | principal | 3,298,000 | $3.25M | 0 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 3,500,000 | $2.97M | 0 |
| AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC BOND | principal | 2,500,000 | $2.5M | new |
| EZCORP INCEZCORP INC NOTE 2.375% 5/0 | principal | 2,500,000 | $2.5M | new |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 2,500,000 | $2.42M | 0 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0 | principal | 2,500,000 | $2.4M | 0 |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| OXY/WSOCCIDENTAL PETE CORP | 8,542,000 | $235M | shares |
| EXPAND ENERGY CORPORATIONEXPAND ENERGY CORPORATION | 2,295,261 | $207M | shares |
| PG&E CORPPG&E CORP | 100,000,000 | $109M | principal |
| EXPAND ENERGY CORPORATIONEXPAND ENERGY CORPORATION | 1,146,996 | $109M | shares |
| GUARDANT HEALTH INCGUARDANT HEALTH INC | 60,000,000 | $50.5M | principal |
| INTEGER HLDGS CORPINTEGER HLDGS CORP | 20,000,000 | $32.1M | principal |
| FRESHPET INCFRESHPET INC | 10,000,000 | $22.1M | principal |
| ENPHASE ENERGY INCENPHASE ENERGY INC | 21,167,000 | $21.5M | principal |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC | 250,000 | $15.1M | call |
| GUIDEWIRE SOFTWARE INCGUIDEWIRE SOFTWARE INC | 6,514,000 | $9.65M | principal |
| SEMTECH CORPSEMTECH CORP | 3,750,000 | $6.64M | principal |
| PEGASYSTEMS INCPEGASYSTEMS INC | 5,000,000 | $4.97M | principal |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC | 5,000,000 | $4.85M | principal |
| EXACT SCIENCES CORPEXACT SCIENCES CORP | 4,675,000 | $4.67M | principal |
| PTC THERAPEUTICS INCPTC THERAPEUTICS INC | 3,000,000 | $3.36M | principal |
| CLOUDFLARE INCCLOUDFLARE INC | 3,500,000 | $3.35M | principal |
| CUTERA INCCUTERA INC | 20,355,000 | $2.81M | principal |
| CUTERA INCCUTERA INC | 9,500,000 | $855K | principal |
| ADNTADIENT PLC | 26,500 | $457K | shares |
| CUTERA INCCUTERA INC | 2,000,000 | $180K | principal |
How Q1 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001420506-25-000996 | base | 2025-05-13 | acceptance time not in the bulk data set |