Aequim Alternative Investments LP
Follow13F filer, CIK 1728201, MILL VALLEY, CA
Aequim Alternative Investments LP reported $3,068,153,675 across 96 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-01. Its ten largest share positions make up 35.23% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-001642
- Period
- 2025-06-30
- Reported value
- $3.07B
- Holdings
- 96
- Top 10 weight
- 35.23%
- New
- 21
- Sold out
- 17
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BAPRAadded | +700,000 | $47.6M |
| BTSGadded | +150,000 | $12.4M |
| MCHPnew | +171,000 | $12M |
| NTNXnew | +134,916 | $10.3M |
| SPOTadded | +7,500 | $5.76M |
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 |
|---|---|---|
| EXEELreduced | -416,406 | -$45.2M |
| CNKexited | -1,000,209 | -$24.9M |
| DISCOVER FINL SVCSexited | -62,478 | -$10.7M |
| PDexited | -163,300 | -$2.98M |
| ALEexited | -38,525 | -$2.53M |
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, Q2 2025
Share positions as resolved from 13F-HR 0001420506-25-001642, largest first. % of portfolio is the value over $3,067,940,786, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| BTSGBRIGHTSPRING HEALTH SVCS INC | 1,290,000 | $106M | 3.47% | +150,000 | Timeline | ||
| HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE C | 1,800,000 | $106M | 3.45% | 0 | |||
| EXEELCHESAPEAKE ENERGY CORP -CW26 | 737,982 | $80M | 2.61% | -416,406 | Timeline | ||
| BAPRABOEING CO | 1,100,000 | $74.8M | 2.44% | +700,000 | Timeline | ||
| PG&E CORPPG&E CORP | 1,500,000 | $56.4M | 1.84% | +150,000 | |||
| NEENEXTERA ENERGY INC | 1,050,000 | $49.4M | 1.61% | 0 | Timeline | ||
| CCLCARNIVAL CORP | 1,004,704 | $28.3M | 0.92% | 0 | Timeline | ||
| CHART INDS INCCHART INDS INC | 465,000 | $28.1M | 0.92% | -35,000 | |||
| ALBEMARLE CORPALBEMARLE CORP | 800,000 | $25.7M | 0.84% | +50,000 | |||
| SPOTSPOTIFY TECHNOLOGY S A | 32,500 | $24.9M | 0.81% | +7,500 | Timeline | ||
| COINCOINBASE GLOBAL INC | 68,600 | $24M | 0.78% | +9,800 | Timeline | ||
| FLRFLUOR CORP | 375,318 | $19.2M | 0.63% | 0 | Timeline | ||
| MCHPMICROCHIP TECHNOLOGY INC. | 171,000 | $12M | 0.39% | new | Timeline | ||
| EPR PPTYSEPR PPTYS | 440,000 | $11M | 0.36% | 0 | |||
| NTNXNUTANIX INC | 134,916 | $10.3M | 0.34% | new | Timeline | ||
| SIRISIRIUSXM HOLDINGS INC | 293,124 | $6.73M | 0.22% | 0 | Timeline | ||
| ETSYETSY INC | 122,074 | $6.12M | 0.2% | +47,948 | Timeline | ||
| CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL | 12,727 | $5.18M | 0.17% | new | |||
| KKELLANOVA | 64,546 | $5.13M | 0.17% | +12,000 | Timeline | ||
| NETCLOUDFLARE INC | 23,519 | $4.61M | 0.15% | +20,219 | Timeline | ||
| NEXTERA ENERGY INCNEXTERA ENERGY INC | 100,000 | $3.97M | 0.13% | new | |||
| CAKECHEESECAKE FACTORY INC | 53,600 | $3.36M | 0.11% | new | Timeline | ||
| RPAYREPAY HLDGS CORP | 578,484 | $2.79M | 0.09% | 0 | Timeline | ||
| EPR PPTYSEPR PPTYS | 71,692 | $2.24M | 0.07% | +2,200 | |||
| PSNPARSONS CORP DEL | 29,300 | $2.1M | 0.07% | 0 | Timeline | ||
| JAZZJAZZ PHARMACEUTICALS PLC | 16,700 | $1.77M | 0.06% | 0 | Timeline | ||
| GENVRGEN DIGITAL INC | 200,000 | $1.63M | 0.05% | new | Timeline | ||
| CLFCLEVELAND-CLIFFS INC NEW | 200,000 | $1.52M | 0.05% | +127,000 | Timeline | ||
| WKWORKIVA INC | 22,200 | $1.52M | 0.05% | 0 | Timeline | ||
| COMPOSECURE INCCOMPOSECURE INC | 231,114 | $1.44M | 0.05% | 0 | |||
| ADNTADIENT PLC | 70,000 | $1.36M | 0.04% | new | Timeline | ||
| OXY/WSOCCIDENTAL PETE CORP | 62,810 | $1.3M | 0.04% | new | Timeline | ||
| GCM GROSVENOR INCGCM GROSVENOR INC | 1,657,604 | $1.06M | 0.03% | +506,583 | |||
| BAXBAXTER INTL INC | 25,000 | $757K | 0.02% | 0 | Timeline | ||
| OMFONEMAIN HLDGS INC | 8,426 | $480K | 0.02% | 0 | Timeline | ||
| GTGOODYEAR TIRE & RUBR CO | 30,000 | $311K | 0.01% | 0 | Timeline | ||
| OIO-I GLASS INC | 20,000 | $295K | 0.01% | 0 | Timeline | ||
| ALGOMA STL GROUP INCALGOMA STL GROUP INC | 414,191 | $211K | 0.01% | 0 | |||
| BUTTERFLY NETWORK INCBUTTERFLY NETWORK INC | 49,393 | $2.98K | <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 |
|---|---|---|---|---|
| ZDZIFF DAVIS INC COM | call | 7,033 | $213K | 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 |
|---|---|---|---|---|
| TXNM ENERGY INCTXNM ENERGY INC NOTE 5.750% 6/0 | principal | 110,000,000 | $143M | new |
| AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A | principal | 125,000,000 | $121M | +10,000,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 63,000,000 | $113M | +13,000,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 115,000,000 | $103M | 0 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 80,000,000 | $102M | new |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 101,500,000 | $101M | 0 |
| UGI CORP NEWUGI CORP NEW NOTE 5.000% 6/0 | principal | 70,000,000 | $96.8M | new |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 75,000,000 | $87.9M | +5,000,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 75,000,000 | $86.7M | new |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 77,500,000 | $84M | 0 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 75,000,000 | $75.7M | 0 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 59,500,000 | $71.3M | 0 |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 71,500,000 | $69.3M | +6,500,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 60,000,000 | $63.9M | 0 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 60,000,000 | $61.8M | 0 |
| INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0 | principal | 20,000,000 | $58.3M | 0 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 58,500,000 | $58.2M | +10,000,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0 | principal | 50,000,000 | $56.6M | new |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1 | principal | 57,500,000 | $56.1M | +15,000,000 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1 | principal | 45,000,000 | $53.8M | 0 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 48,000,000 | $50.8M | 0 |
| Shopify IncShopify Inc Convertible bond | principal | 50,000,000 | $50.7M | 0 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 37,500,000 | $48.8M | -2,500,000 |
| SOUTHERN COSOUTHERN CO NOTE 3.875%12/1 | principal | 43,500,000 | $48.2M | -46,500,000 |
| BLACKLINE INCBLACKLINE INC NOTE 3/1 | principal | 38,500,000 | $37.1M | 0 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1 | principal | 37,500,000 | $35.8M | 0 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 29,500,000 | $32.6M | new |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 30,000,000 | $29.8M | new |
| CONFLUENT INCCONFLUENT INC NOTE 1/1 | principal | 30,960,000 | $28.6M | -1,500,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1 | principal | 20,000,000 | $23.4M | -15,000,000 |
| CSG SYS INTL INCCSG SYS INTL INC NOTE 3.875% 9/1 | principal | 20,000,000 | $22.6M | 0 |
| JAMF HLDG CORPJAMF HLDG CORP NOTE 0.125% 9/0 | principal | 22,500,000 | $21.3M | 0 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 20,000,000 | $20.1M | -42,500,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 20,000,000 | $19.2M | +5,000,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 17,500,000 | $18.9M | 0 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0 | principal | 17,500,000 | $18.7M | 0 |
| UNITY SOFTWARE INCUNITY SOFTWARE INC NOTE 11/1 | principal | 18,674,000 | $17.5M | 0 |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 17,500,000 | $17.3M | 0 |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 18,000,000 | $17M | +2,500,000 |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 15,000,000 | $15.7M | -15,000,000 |
| PROS HOLDINGS INCPROS HOLDINGS INC NOTE 2.250% 9/1 | principal | 15,000,000 | $14.2M | 0 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 9,000,000 | $13.8M | 0 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 9,000,000 | $12.9M | new |
| VERTEX INCVERTEX INC NOTE 0.750% 5/0 | principal | 10,000,000 | $12M | new |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 12,500,000 | $10.8M | -5,000,000 |
| MIRUM PHARMACEUTICALS INCMIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 | principal | 6,000,000 | $10.7M | 0 |
| SNAP INCSNAP INC NOTE 5/0 | principal | 10,000,000 | $9.07M | 0 |
| VARONIS SYS INCVARONIS SYS INC BOND | principal | 5,000,000 | $8.28M | 0 |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 5,000,000 | $4.99M | +2,500,000 |
| LIVEPERSON INCLIVEPERSON INC NOTE 12/1 | principal | 9,400,000 | $3.71M | 0 |
| WOLFSPEED INCWOLFSPEED INC NOTE 1.750% 5/0 | principal | 13,660,000 | $3.52M | new |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0 | principal | 3,298,000 | $3.28M | 0 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 3,500,000 | $2.85M | 0 |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 2.250% 6/0 | principal | 2,500,000 | $2.43M | new |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0 | principal | 2,500,000 | $2.42M | 0 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 2,500,000 | $2.25M | new |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NUTANIX INCNUTANIX INC | 26,302,000 | $35.1M | principal |
| DATADOG INCDATADOG INC | 25,550,000 | $28.7M | principal |
| CNKCINEMARK HLDGS INC | 1,000,209 | $24.9M | shares |
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO | 20,000,000 | $20M | principal |
| UBERUBER TECHNOLOGIES INC | 250,000 | $18.2M | call |
| MIDDLEBY CORPMIDDLEBY CORP | 10,326,000 | $12.5M | principal |
| RAPID7 INCRAPID7 INC | 11,925,000 | $11.9M | principal |
| DISCOVER FINL SVCSDISCOVER FINL SVCS | 62,478 | $10.7M | shares |
| ACCOLADE INCACCOLADE INC | 5,000,000 | $4.92M | principal |
| PDPAGERDUTY INC | 163,300 | $2.98M | shares |
| ALEALLETE INC | 38,525 | $2.53M | shares |
| AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC | 2,500,000 | $2.5M | principal |
| EZCORP INCEZCORP INC | 2,500,000 | $2.5M | principal |
| INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC | 15,000 | $1.98M | shares |
| WOLFSPEED INCWOLFSPEED INC | 630,885 | $1.93M | shares |
| ZDZIFF DAVIS INC | 7,033 | $264K | shares |
| IMMATICS N.VIMMATICS N.V | 252,741 | $3.99K | shares |
How Q2 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 0001420506-25-001642 | base | 2025-08-01 | acceptance time not in the bulk data set |