BOOTHBAY FUND MANAGEMENT, LLC

13F filer, CIK 1549230, NEW YORK, NY

BOOTHBAY FUND MANAGEMENT, LLC reported $3,795,022,229 across 1,357 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 16.24% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001549230-25-000012

Period: 2025-03-31
Reported value: $3.8B
Holdings: 1,357
Top 10 weight: 16.24%
New: 488
Sold out: 569

Largest buys vs the previous quarter

Security	Shares change	Approx. value
NVDAadded	+1,617,747	$175M
SPYadded	+61,465	$34.4M
WELLadded	+107,514	$16.5M
DOVnew	+84,887	$14.9M
CCCnew	+1,481,920	$13.4M

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
BITBexited	-1,104,412	-$56.2M
FBTCexited	-686,972	-$56M
IBITreduced	-992,138	-$46.4M
HODLexited	-300,000	-$31.7M
NFLXreduced	-27,222	-$25.4M

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 0001549230-25-000012, largest first. % of portfolio is the value over $2,842,739,568, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
HOVRWNEW HORIZON AIRCRAFT LTD	358,560	$186K	0.01%	0		Timeline
CHANNEL THERAPEUTICS CORPORACHANNEL THERAPEUTICS CORPORA	130,754	$186K	0.01%	new
XGLQXCLOUGH GLOBAL EQUITY FD	29,450	$185K	0.01%	0		Timeline
SVREWSAVERONE 2014 LTD	60,500	$182K	0.01%	0		Timeline
CMPSCOMPASS PATHWAYS PLC	62,300	$178K	0.01%	0		Timeline
PYXSPYXIS ONCOLOGY INC	181,042	$177K	0.01%	0		Timeline
BTMWQBITCOIN DEPOT INC	117,269	$177K	0.01%	0		Timeline
ESRTEMPIRE ST RLTY TR INC	22,602	$177K	0.01%	-15,091		Timeline
ESLAWESTRELLA IMMUNOPHARMA INC	189,899	$176K	0.01%	0		Timeline
GDYNGRID DYNAMICS HLDGS INC	11,210	$175K	0.01%	new		Timeline
GLVCLOUGH GLOBAL DIVID & INCOME	31,839	$174K	0.01%	0		Timeline
Bitcoin Depot IncBitcoin Depot Inc	114,933	$174K	0.01%	new
FULCFULCRUM THERAPEUTICS INC	59,533	$171K	0.01%	0		Timeline
CRNTCERAGON NETWORKS LTD	72,388	$170K	0.01%	new		Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	15,114	$169K	0.01%	new
IOVAIOVANCE BIOTHERAPEUTICS INC	50,000	$166K	0.01%	new		Timeline
YOTTA ACQUISITION CORPORATIOYOTTA ACQUISITION CORPORATIO	925,000	$164K	0.01%	0
GLUEMONTE ROSA THERAPEUTICS INC	35,152	$163K	0.01%	-56,122		Timeline
NUNU HLDGS LTD	15,756	$161K	0.01%	+4,387		Timeline
IFRXINFLARX NV	158,058	$161K	0.01%	0		Timeline
GREENLAND MINES LTDGREENLAND MINES LTD	700,000	$159K	0.01%	0
EOSEEOS ENERGY ENTERPRISES INC	41,275	$156K	0.01%	-9,210		Timeline
VFSWWVINFAST AUTO LTD	48,900	$156K	0.01%	0		Timeline
WULFTERAWULF INC	54,624	$149K	0.01%	-43,170		Timeline
SXCSUNCOKE ENERGY INC	16,119	$148K	0.01%	+1,509		Timeline
HTLDHEARTLAND EXPRESS INC	16,046	$148K	0.01%	new		Timeline
RMNIRIMINI STR INC DEL	41,293	$144K	0.01%	new		Timeline
LZLEGALZOOM COM INC	16,651	$143K	0.01%	-6,953		Timeline
ACELACCEL ENTERTAINMENT INC	13,955	$138K	<0.01%	new		Timeline
NATNORDIC AMERICAN TANKERS LIMI	54,393	$134K	<0.01%	new		Timeline
ARRYARRAY TECHNOLOGIES INC	27,368	$133K	<0.01%	+8,343		Timeline
BIOMX INCBIOMX INC	237,376	$132K	<0.01%	0
LYELL IMMUNOPHARMA INCLYELL IMMUNOPHARMA INC	244,714	$132K	<0.01%	-161,520
VIGIL NEUROSCIENCE INCVIGIL NEUROSCIENCE INC	73,375	$131K	<0.01%	-73,375
TSSITSS INC DEL	16,565	$130K	<0.01%	-70,397		Timeline
Aethlon Medical Inc OLDAethlon Medical Inc OLD	358,756	$128K	<0.01%	+142,156
RTS/IRON HORSE ACQUISITIONS…RTS/IRON HORSE ACQUISITIONS CORP …	334,020	$125K	<0.01%	0
HEALTHCARE TRIANGLE INCHEALTHCARE TRIANGLE INC	413,961	$124K	<0.01%	new
ANROALTO NEUROSCIENCE INC	56,132	$121K	<0.01%	-46,968		Timeline
DNAGINKGO BIOWORKS HOLDINGS INC	20,534	$117K	<0.01%	new		Timeline
PLCECHILDRENS PL INC NEW	13,335	$117K	<0.01%	-167,106		Timeline
EVE HLDG INCEVE HLDG INC	34,328	$114K	<0.01%	0
CEPOCANTOR EQUITY PARTNERS I INC	10,840	$111K	<0.01%	new		Timeline
CHWCALAMOS GBL DYN INCOME FUND	17,192	$110K	<0.01%	0		Timeline
ITEOS THERAPEUTICS INCITEOS THERAPEUTICS INC	18,279	$109K	<0.01%	0
SPKLWSPARK I ACQUISITION CORP	10,080	$109K	<0.01%	0		Timeline
MIND MEDICINE MINDMED INCMIND MEDICINE MINDMED INC	17,984	$105K	<0.01%	0
NYXHNYXOAH S A	14,743	$103K	<0.01%	0		Timeline
KZRKEZAR LIFE SCIENCES INC	20,900	$102K	<0.01%	0		Timeline
THRDTHIRD HARMONIC BIO INC	29,350	$102K	<0.01%	0		Timeline
CMRECOSTAMARE INC	10,295	$101K	<0.01%	-9,670		Timeline
SBHSALLY BEAUTY HLDGS INC	10,777	$97.3K	<0.01%	-4,457		Timeline
LASRNLIGHT INC	12,465	$96.9K	<0.01%	new		Timeline
MSAIWMULTISENSOR AI HOLDINGS INC	100,000	$93K	<0.01%	0		Timeline
NOEMRCO2 ENERGY TRANSITION CORP	375,000	$91K	<0.01%	new		Timeline
CLDTCHATHAM LODGING TR	12,246	$87.3K	<0.01%	new		Timeline
QETARQUETTA ACQUISITION CORP	52,348	$86.4K	<0.01%	0		Timeline
GERNGERON CORP	53,917	$85.7K	<0.01%	new		Timeline
IMMRIMMERSION CORP	11,096	$84.1K	<0.01%	new		Timeline
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	57,211	$84.1K	<0.01%	+23,659
SPRUCE BIOSCIENCES INCSPRUCE BIOSCIENCES INC	288,800	$83.8K	<0.01%	0
BITFBITFARMS LTD	105,055	$82.8K	<0.01%	0		Timeline
ACRSACLARIS THERAPEUTICS INC	53,478	$81.8K	<0.01%	-59,006		Timeline
ALPHATIME ACQUISITION CORPALPHATIME ACQUISITION CORP	438,093	$81.2K	<0.01%	0
AREBWAMERICAN REBEL HOLDINGS INC	60,240	$80.7K	<0.01%	0		Timeline
HSPTRHORIZON SPACE ACQUISITION II	574,990	$80.5K	<0.01%	new		Timeline
DCGODOCGO INC	30,311	$80K	<0.01%	+2,866		Timeline
TBMCRTRAILBLAZER MERGER CORP I RT	336,600	$79.1K	<0.01%	0		Timeline
GCLGCL GLOBAL HLDGS LTD	40,000	$78K	<0.01%	new		Timeline
BOLT PROJECTS HLDSBOLT PROJECTS HLDS	250,000	$76.8K	<0.01%	0
GILTGILAT SATELLITE NETWORKS LTD	12,076	$76.7K	<0.01%	-1,843		Timeline
TRAWTRAWS PHARMA INC	33,305	$76.6K	<0.01%	+4,874		Timeline
EARNELLINGTON CREDIT COMPANY	13,961	$75.5K	<0.01%	new		Timeline
ALLAKOS INCALLAKOS INC	322,697	$73.4K	<0.01%	+59,320
CMBMFCAMBIUM NETWORKS CORP SHS (CYM	101,233	$71.4K	<0.01%	-101,863		Timeline
GLOBAL BLOCKCHAIN ACQUI CORPGLOBAL BLOCKCHAIN ACQUI CORP	760,051	$69.9K	<0.01%	-181
DTSQRDT CLOUD STAR ACQUISITION CO	408,079	$67.1K	<0.01%	0		Timeline
RLGTRADIANT LOGISTICS INC	10,734	$66K	<0.01%	new		Timeline
CLRRFCLIMATEROCK USD RTS (CYM) 01/3	300,000	$65.6K	<0.01%	0		Timeline
CLYMCLIMB BIO INC	53,662	$65.5K	<0.01%	0		Timeline
PEPGPEPGEN INC	45,570	$64K	<0.01%	new		Timeline
AVAHAVEANNA HEALTHCARE HLDGS INC	11,600	$62.9K	<0.01%	new		Timeline
PGACRPANTAGES CAPITAL ACQUISITION	264,000	$62K	<0.01%	new		Timeline
Damon IncDamon Inc	4,397,637	$60.7K	<0.01%	new
MKDWWMKDWELL TECH INC	203,040	$60.4K	<0.01%	0		Timeline
DYCQRDT CLOUD ACQUISITION CORP RT 0	226,800	$60.1K	<0.01%	0		Timeline
EURKREUREKA ACQUISITION CORP	258,457	$60K	<0.01%	0		Timeline
ECXWWECARX HOLDINGS INC	47,575	$59.9K	<0.01%	-16,436		Timeline
KFIIRK&F GROWTH ACQUISITION CORP	432,000	$58.3K	<0.01%	new		Timeline
METAL SKY STAR ACQUISITION CMETAL SKY STAR ACQUISITION C	730,000	$57.7K	<0.01%	0
ONFOWONFOLIO HOLDINGS INC	60,000	$57K	<0.01%	0		Timeline
BAYARBAYVIEW ACQUISITION CORP	302,511	$56.7K	<0.01%	0		Timeline
TKNOALPHA TEKNOVA INC	10,916	$56.7K	<0.01%	new		Timeline
AXTIAXT INC	40,161	$56.6K	<0.01%	new		Timeline
OPALOPAL FUELS INC	30,628	$56.4K	<0.01%	0		Timeline
ABOSACUMEN PHARMACEUTICALS INC	51,042	$56.1K	<0.01%	0		Timeline
ASPCRA SPAC III ACQUISITION CORP	389,100	$55.2K	<0.01%	new		Timeline
IVDAWIVEDA SOLUTIONS INC	24,000	$54.2K	<0.01%	0		Timeline
TEWST1 ENERGY INC	42,510	$53.6K	<0.01%	0		Timeline
00	346,875	$53.4K	<0.01%	0
BKHARBLACK HAWK ACQUISITION CORP	35,375	$53.1K	<0.01%	0		Timeline
CANGO INC/KY - ADRCANGO INC/KY - ADR	12,995	$49.3K	<0.01%	0
GLOBAL LIGHTS ACQUISITION COGLOBAL LIGHTS ACQUISITION CO	196,397	$48.6K	<0.01%	0
BLZEBACKBLAZE INC	10,041	$48.5K	<0.01%	-6,946		Timeline
ELEVATION ONCOLOGY INC COMELEVATION ONCOLOGY INC COM	183,454	$47.5K	<0.01%	0
AI TRANSPORTATION ACQUIS-RTSAI TRANSPORTATION ACQUIS-RTS	288,342	$47.4K	<0.01%	0
FVNNRFUTURE VISION II ACQUISITION	289,614	$47.1K	<0.01%	0		Timeline
BUKIT JALIL GBL ACQUISITIONBUKIT JALIL GBL ACQUISITION	173,250	$45K	<0.01%	0
ATYRATYR PHARMA INC	14,568	$44K	<0.01%	0		Timeline
EVAXEVAXION AS	23,728	$43.9K	<0.01%	new		Timeline
EXFYEXPENSIFY INC	14,272	$43.4K	<0.01%	0		Timeline
HAOHAOXI HEALTH TECHNOLOGY LTD	34,186	$43.3K	<0.01%	new		Timeline
SENSEI BIOTHERAPEUTICS INCSENSEI BIOTHERAPEUTICS INC	108,658	$42.8K	<0.01%	-64,140
GCTSGCT SEMICONDUCTOR HLDG INC	25,971	$42.6K	<0.01%	new		Timeline
RZLTREZOLUTE INC	14,449	$41.9K	<0.01%	-232,982		Timeline
BRBSBLUE RIDGE BANKSHARES INC VA	12,752	$41.6K	<0.01%	0		Timeline
VYGRVOYAGER THERAPEUTICS INC	12,144	$41K	<0.01%	-782		Timeline
SGMTSAGIMET BIOSCIENCES INC	12,518	$40.8K	<0.01%	0		Timeline
AMERICAS GOLD AND SILVER CORAMERICAS GOLD AND SILVER COR	75,000	$40.1K	<0.01%	new
TOVXTHERIVA BIOLOGICS INC	35,601	$39.2K	<0.01%	new		Timeline
GAMEGAMESQUARE HLDGS INC	59,132	$35.2K	<0.01%	0		Timeline
IBACRIB ACQUISITION CORP	462,793	$34.7K	<0.01%	0		Timeline
FGMCRFG MERGER II CORP	177,500	$33.7K	<0.01%	new		Timeline
MOBBWMOBILICOM LTD	20,300	$33.5K	<0.01%	0		Timeline
ABLVWABLE VIEW GLOBAL INC	37,000	$33.3K	<0.01%	0		Timeline
CAPNRCAYSON ACQUISITION CORP	106,703	$31.7K	<0.01%	0		Timeline
KRMDKORU MEDICAL SYSTEMS INC	12,424	$31.6K	<0.01%	0		Timeline
YHNARYHN ACQUISITION I LTD	233,000	$30.3K	<0.01%	0		Timeline
MGNXMACROGENICS INC	23,512	$29.9K	<0.01%	0		Timeline
LYRA THERAPEUTICS INCLYRA THERAPEUTICS INC	233,989	$29.6K	<0.01%	0
LRMRLARIMAR THERAPEUTICS INC	13,731	$29.5K	<0.01%	0		Timeline
INOINOVIO PHARMACEUTICALS INC	18,000	$29.3K	<0.01%	-6,000		Timeline
CHEMOMAB THERAPEUTICS LTDCHEMOMAB THERAPEUTICS LTD	26,189	$28.5K	<0.01%	0
DOUGDOUGLAS ELLIMAN INC	16,256	$28K	<0.01%	0		Timeline
GNSSGENASYS INC	12,000	$27.2K	<0.01%	0		Timeline
TVGNWTEVOGEN INC	25,000	$27K	<0.01%	0		Timeline
DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) …	151,200	$26.6K	<0.01%	0
NEXALIN TECHNOLOGY INCNEXALIN TECHNOLOGY INC	13,500	$26.3K	<0.01%	0
NEXRWNEXERA TECHNOLOGIES LTD	24,038	$25K	<0.01%	0		Timeline
ANEBANEBULO PHARMACEUTICALS INC	18,836	$24.5K	<0.01%	0		Timeline
KOPNKOPIN CORP	25,832	$24.1K	<0.01%	-16,000		Timeline
CHGGCHEGG INC	36,250	$23.2K	<0.01%	new		Timeline
RZLVREZOLVE AI PLC	19,108	$23.1K	<0.01%	-21,180		Timeline
OAK WOODS ACQUISITION CORPOAK WOODS ACQUISITION CORP	86,600	$22.5K	<0.01%	0
TCRXTSCAN THERAPEUTICS INC	16,242	$22.4K	<0.01%	new		Timeline
JVSPAC ACQUISITION CORPJVSPAC ACQUISITION CORP	80,096	$22.1K	<0.01%	0
BIODESIX INCBIODESIX INC	34,112	$21.3K	<0.01%	0
CHARRCHARLTON ARIA ACQUISITION CO	105,890	$21.2K	<0.01%	0		Timeline
RMCOWROYALTY MGMT HLDG CORP	18,435	$20.5K	<0.01%	0		Timeline
CDIOWCARDIO DIAGNOSTICS HOLDGS IN	60,540	$20K	<0.01%	0		Timeline
DIH HLDG US INCDIH HLDG US INC	85,000	$19.7K	<0.01%	0
NUVEEN CR STRATEGIES INCOMENUVEEN CR STRATEGIES INCOME	649,167	$19.5K	<0.01%	new
IPEXRINFLECTION POINT ACQU CORP V	80,436	$19.3K	<0.01%	new		Timeline
OPKOPKO HEALTH INC	10,930	$18.1K	<0.01%	new		Timeline
ZOOZWZOOZ STRATEGY LTD	10,000	$17.7K	<0.01%	0		Timeline
RIBBRRIBBON ACQUISITION CORP	69,819	$17.5K	<0.01%	new		Timeline
AERTAERIES TECHNOLOGY INC	30,020	$17.4K	<0.01%	+20		Timeline
BWBABCOCK & WILCOX ENTERPRISES	23,032	$15.5K	<0.01%	0		Timeline
DRMAWDERMATA THERAPEUTICS INC	12,000	$13K	<0.01%	0		Timeline
HOOKHOOKIPA PHARMA INC COM NEW	11,688	$12.6K	<0.01%	0		Timeline
AIMDWAINOS INC	25,000	$12.3K	<0.01%	0		Timeline
AESTHER HC -CW23 EQUITYAESTHER HC -CW23 EQUITY	209,603	$11.3K	<0.01%	0
FSHPRFLAG SHIP ACQUISITION CORP	67,830	$10.9K	<0.01%	0		Timeline
CHRSCOHERUS ONCOLOGY INC	13,378	$10.8K	<0.01%	0		Timeline
RDACRRISING DRAGON ACQUISITION CO	58,000	$10.4K	<0.01%	0		Timeline
WAG GROUP CO COMMON STOCKWAG GROUP CO COMMON STOCK	60,000	$9.19K	<0.01%	0
ABVWFABOVE FOOD INGREDIENTS INC	13,700	$8.14K	<0.01%	0		Timeline
LDTDFLEDDARTECH HLDGS INC WT EXP 12	16,665	$7.67K	<0.01%	0		Timeline
BACQRINFLECTION PT ACQUISITION CORP	34,430	$7.23K	<0.01%	0		Timeline
ESHARESH ACQUISITION CORP	64,258	$7.15K	<0.01%	0		Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	30,000	$5.25K	<0.01%	new		Timeline
RFAIRRF ACQUISITION CORP II	51,130	$4.09K	<0.01%	0		Timeline
COLARCOLUMBUS ACQUISITION CORP	125,618	$0	0%	new	Value filed as zero, left out of ratios.	Timeline

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).

The largest 100 of 173. All 173

Security	Type	Amount	Value	Change
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	135,700	$75.9M	-45,700
XLISELECT SECTOR SPDR TR INDL	put	369,800	$48.5M	new
LLYELI LILLY & CO COM	put	48,100	$39.7M	new
QQQINVESCO QQQ TR COM	call	76,500	$35.9M	+70,200
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP COM	call	350,000	$31M	+209,800
IWMISHARES TR SHS	put	151,200	$30.2M	+119,400
MCDMCDONALDS CORP COM	call	75,000	$23.4M	new
CAHCARDINAL HEALTH INC COM	put	156,700	$21.6M	+76,200
TMUST-MOBILE US INC COM	put	54,400	$14.5M	new
METAMETA PLATFORMS INC COM	put	24,200	$13.9M	new
XRTSPDR SERIES TRUST ETF	put	196,000	$13.5M	new
MSCIMSCI INC Stock	call	23,800	$13.5M	new
GPNGLOBAL PMTS INC COM	call	137,000	$13.4M	new
ACADACADIA PHARMACEUTICALS INC COM	call	786,800	$13.1M	new
DTDYNATRACE INC Stock	call	250,200	$11.8M	new
INTCINTEL CORP COM	call	515,600	$11.7M	new
CBRECBRE GROUP INC Stock	call	89,200	$11.7M	new
WDCWESTERN DIGITAL CORP COM	call	279,600	$11.3M	-284,100
CORCENCORA INC Stock	put	38,100	$10.6M	new
CORTCORCEPT THERAPEUTICS INC COM	put	92,200	$10.5M	new
NVDANVIDIA CORPORATION COM	put	89,800	$9.73M	+85,800
MCKMCKESSON CORP Stock	put	14,200	$9.56M	new
BXBLACKSTONE INC COM	call	66,200	$9.25M	new
IWMISHARES TR SHS	call	45,600	$9.1M	new
QQQINVESCO QQQ TR COM	put	19,100	$8.96M	+3,400
AMZNAMAZON COM INC COM	call	44,200	$8.41M	new
KBWBINVESCO EXCH TRADED FD TR II KBW BK ETF	call	133,600	$8.39M	new
FISVFISERV INC COM	call	37,800	$8.35M	new
IBITISHARES BITCOIN TRUST ETF SHS	put	175,000	$8.19M	+55,300
BDXBECTON DICKINSON & CO COM	call	34,300	$7.86M	new
ITBISHARES TR US HOME CONS ETF	put	81,900	$7.8M	new
ORCLORACLE CORP COM	call	54,200	$7.58M	+44,800
XLVSELECT SECTOR SPDR TR SHS	put	50,000	$7.3M	new
WTWWILLIS TOWERS WATSON PLC LTD Stock	put	21,400	$7.23M	new
FISVFISERV INC COM	put	31,100	$6.87M	new
AONAON PLC Stock	put	17,000	$6.78M	+8,400
BBIOBRIDGEBIO PHARMA INC COM	call	192,600	$6.66M	-10,500
AVGOBROADCOM INC COM	call	38,600	$6.46M	+23,200
DHRDANAHER CORP DEL COM	put	31,400	$6.44M	new
WCNWASTE CONNECTIONS INC Stock	call	32,800	$6.4M	+4,900
FEZSPDR INDEX SHS FDS EURO STOXX 50	call	117,600	$6.4M	new
GOOGLALPHABET INC COM	call	41,300	$6.39M	new
AAPLAPPLE INC COM	call	28,300	$6.29M	-2,400
JNJJOHNSON & JOHNSON COM	call	37,500	$6.22M	new
XLFSELECT SECTOR SPDR TR SHS	put	121,500	$6.05M	new
WEXWEX INC COM	put	37,400	$5.87M	new
CRMSALESFORCE INC COM	call	21,300	$5.72M	-25,600
SLNOSOLENO THERAPEUTICS INC COM	call	77,900	$5.57M	new
KKRKKR & CO INC COM	put	48,000	$5.55M	-4,300
FTAIFTAI AVIATION LTD Stock	call	48,800	$5.42M	new
TRMBTRIMBLE INC Stock	put	78,800	$5.17M	-32,800
FEZSPDR INDEX SHS FDS EURO STOXX 50	put	94,600	$5.15M	new
NOWSERVICENOW INC COM	call	6,100	$4.86M	new
CIENCIENA CORP Stock	put	78,300	$4.73M	new
APOAPOLLO GLOBAL MGMT INC Stock	put	34,400	$4.71M	-32,700
DEDEERE & CO COM	put	9,700	$4.55M	new
APOAPOLLO GLOBAL MGMT INC Stock	call	33,100	$4.53M	new
CSGPCOSTAR GROUP INC Stock	call	56,400	$4.47M	new
IBMINTERNATIONAL BUSINESS MACHS COM	call	17,400	$4.33M	new
GDXVANECK ETF TRUST GOLD MINERS ETF	call	93,800	$4.31M	new
SIISPROTT INC COM NEW	call	93,700	$4.2M	new
MSFTMICROSOFT CORP COM	call	11,000	$4.13M	-7,500
METAMETA PLATFORMS INC COM	call	7,100	$4.09M	new
ECLECOLAB INC Stock	call	15,900	$4.03M	+2,900
TMOTHERMO FISHER SCIENTIFIC INC COM	call	7,900	$3.93M	new
ARKKARK ETF TR INNOVATION ETF	put	81,500	$3.88M	-128,600
SOXXISHARES TR COM	put	20,100	$3.78M	new
CORTCORCEPT THERAPEUTICS INC COM	call	32,000	$3.66M	new
HYGISHARES TR IBOXX HI YD ETF	put	45,100	$3.56M	+36,100
TAT&T INC COM	put	123,000	$3.48M	new
AVGOBROADCOM INC COM	put	20,200	$3.38M	new
WDAYWORKDAY INC Stock	call	14,300	$3.34M	new
XRTSPDR SERIES TRUST ETF	call	48,000	$3.32M	new
NFLXNETFLIX INC. COM	put	3,500	$3.26M	new
VLTOVERALTO CORP Stock	call	33,300	$3.25M	+30,200
PTCPTC INC Stock	call	20,900	$3.24M	+13,600
EMREMERSON ELEC CO Stock	call	28,800	$3.16M	-34,600
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW COM	call	122,800	$3.11M	new
PYPLPAYPAL HLDGS INC STOK	call	46,800	$3.05M	new
SLNOSOLENO THERAPEUTICS INC COM	put	41,300	$2.95M	+19,700
MRNAMODERNA INC COM	call	100,000	$2.83M	new
ITGARTNER INC STOK	call	6,600	$2.77M	new
HTZHERTZ GLOBAL HLDGS INC COM NEW	put	696,100	$2.74M	+496,100
BABAALIBABA GROUP HLDG LTD SPONSORED ADS	call	20,000	$2.64M	new
BHVNBIOHAVEN LTD COM	call	109,900	$2.64M	new
SJTSAN JUAN BASIN RTY TR UNIT BEN INT	call	465,000	$2.57M	new
RNAMAVIDITY BIOSCIENCES INC Stock	put	86,700	$2.56M	-29,400
WBDWARNER BROS DISCOVERY INC Stock	put	222,700	$2.39M	new
STZCONSTELLATION BRANDS INC Stock	call	13,000	$2.39M	new
VKTXVIKING THERAPEUTICS INC COM	call	98,100	$2.37M	+65,400
ACLXARCELLX INC Stock	put	35,800	$2.35M	new
TRUPTRUPANION INC COM	call	59,400	$2.21M	new
EEMISHARES TR MSCI EMG MKT ETF	put	50,000	$2.19M	new
IMVTIMMUNOVANT INC COM	put	124,900	$2.13M	new
CDNSCADENCE DESIGN SYSTEM INC Stock	call	6,800	$1.73M	new
VZVERIZON COMMUNICATIONS INC COM	call	37,700	$1.71M	-74,000
GEVGE VERNOVA INC COM	call	5,600	$1.71M	-16,200
MRSHMARSH & MCLENNAN COS INC COM	put	6,900	$1.68M	new
TTWOTAKE-TWO INTERACTIVE SOFTWAR Stock	put	8,100	$1.68M	new
FTNTFORTINET INC Stock	call	17,400	$1.67M	-28,900

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
CHEGG INCCHEGG INC NOTE 9/0	principal	5,525,000	$4.75M	+4,228,000
SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0	principal	3,750,000	$4.52M	0
PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1	principal	3,264,000	$3.49M	new
GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0	principal	2,875,000	$2.71M	new
PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1	principal	2,000,000	$1.81M	0
EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 3.500%12/0	principal	1,819,000	$1.48M	0
CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bond	principal	1,312,000	$1.28M	0
IQIYI INCIQIYI INC NOTE 6.500% 3/1	principal	900,000	$897K	-1,000,000
BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1	principal	6,450,000	$777K	+950,000
REDWOOD TRUST INCREDWOOD TRUST INC Convertible	principal	375,000	$373K	0
PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0	principal	200,000	$198K	new

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

The largest 100 of 569. All 569

Security	Shares before	Value before	Type
BITBBITWISE BITCOIN ETF TR	1,104,412	$56.2M	shares
FBTCFIDELITY WISE ORIGIN BITCOIN	686,972	$56M	shares
HODLVANECK BITCOIN ETF	300,000	$31.7M	shares
ELANELANCO ANIMAL HEALTH INC	2,055,567	$24.9M	shares
OXY/WSOCCIDENTAL PETE CORP	438,997	$21.7M	shares
SPLVINVESCO EXCH TRADED FD TR II	306,000	$21.4M	put
SNYSANOFI SA	393,814	$19M	shares
AAPLAPPLE INC	72,100	$18.1M	put
NOWSERVICENOW INC	14,400	$15.3M	put
AONAON PLC	39,700	$14.3M	call
DALDELTA AIR LINES INC	197,232	$11.9M	shares
XBISPDR SERIES TRUST	130,000	$11.7M	put
OREALTY INCOME CORP	218,852	$11.7M	shares
TSNTYSON FOODS INC	181,800	$10.4M	put
MSCIMSCI INC	17,274	$10.4M	shares
AMZNAMAZON COM INC	45,900	$10.1M	put
MSCIMSCI INC	16,000	$9.6M	put
STLDSTEEL DYNAMICS INC	83,459	$9.52M	shares
AJGGALLAGHER ARTHUR J & CO	33,300	$9.45M	put
INSMINSMED INC	136,700	$9.44M	call
TEAMATLASSIAN CORPORATION	38,263	$9.31M	shares
TEAMATLASSIAN CORPORATION	37,500	$9.13M	put
XBISPDR SERIES TRUST	101,000	$9.1M	call
BXBLACKSTONE INC	52,500	$9.05M	put
REGNREGENERON PHARMACEUTICALS	12,375	$8.82M	shares
TFXTELEFLEX INCORPORATED	48,510	$8.63M	shares
MTHMERITAGE HOMES CORP	55,523	$8.54M	shares
REXRREXFORD INDL RLTY INC	219,272	$8.48M	shares
REVANCE THERAPEUTICS INCREVANCE THERAPEUTICS INC	8,450,000	$8.11M	principal
ADPAUTOMATIC DATA PROCESSING IN	26,700	$7.82M	call
AVID BIOSERVICES INCAVID BIOSERVICES INC	617,072	$7.62M	shares
SAPSAP SE	30,900	$7.61M	call
WinVest Acquisition CorpWinVest Acquisition Corp	618,728	$7.57M	shares
COOCOOPER COS INC	80,875	$7.43M	shares
ADIANALOG DEVICES INC	34,100	$7.24M	call
WTS/EVERGREEN CORPORATION E…WTS/EVERGREEN CORPORATION EXP 02/…	600,000	$7.13M	shares
MRVLMARVELL TECHNOLOGY INC	64,349	$7.11M	shares
VTRVENTAS INC	119,549	$7.04M	shares
WHWYNDHAM HOTELS & RESORTS INC	69,057	$6.96M	shares
WHRWHIRLPOOL CORP	59,046	$6.76M	shares
FIVNFIVE9 INC	165,699	$6.73M	shares
ETNEATON CORP PLC	19,900	$6.6M	call
OPCHOPTION CARE HEALTH INC	281,161	$6.52M	shares
PAYXPAYCHEX INC	45,000	$6.31M	call
TSMTAIWAN SEMICONDUCTOR MANUFAC	30,900	$6.1M	put
OSBCOLD SECOND BANCORP INC DEL	342,206	$6.08M	shares
Futuretech II Acquisition C…Futuretech II Acquisition Corp	530,000	$6.07M	shares
TSLATESLA INC	15,000	$6.06M	call
ADBEADOBE INC	13,471	$5.99M	shares
DPSTDIREXION SHARES ETF TRUST	53,900	$5.92M	shares
RHRH	15,036	$5.92M	shares
CVBFCVB FINL CORP	271,786	$5.82M	shares
HSPTUHORIZON SPACE ACQUISITION II	574,990	$5.77M	shares
REVANCE THERAPEUTICS INCREVANCE THERAPEUTICS INC	1,865,000	$5.67M	put
AMGNAMGEN INC	21,600	$5.63M	call
WWAYFAIR INC	126,793	$5.62M	shares
PSAPUBLIC STORAGE	18,573	$5.56M	shares
QETAQUETTA ACQUISITION CORP	523,488	$5.52M	shares
SWKSSKYWORKS SOLUTIONS INC	61,100	$5.42M	call
INTUINTUIT	8,600	$5.41M	call
QDELQUIDELORTHO CORP	120,589	$5.37M	shares
IRINGERSOLL RAND INC	56,365	$5.1M	shares
EQBKEQUITY BANCSHARES INC	118,179	$5.01M	shares
CRWDCROWDSTRIKE HLDGS INC	14,500	$4.96M	call
VERITEX HLDGS INCVERITEX HLDGS INC	171,681	$4.66M	shares
TMOTHERMO FISHER SCIENTIFIC INC	8,900	$4.63M	put
RF ACQUISITION CORPRF ACQUISITION CORP	400,000	$4.56M	shares
ICEINTERCONTINENTAL EXCHANGE IN	30,000	$4.47M	call
AXSMAXSOME THERAPEUTICS INC.	52,100	$4.41M	call
KRCKILROY REALTY CORP	105,552	$4.27M	shares
HGVHILTON GRAND VACATIONS INC	106,419	$4.15M	shares
MACMACERICH CO	198,747	$3.96M	shares
DKDELEK US HLDGS INC NEW	213,586	$3.95M	shares
AVBAVALONBAY CMNTYS INC	17,907	$3.94M	shares
PPCPILGRIMS PRIDE CORP	86,600	$3.93M	put
ASPCUA SPAC III ACQUISITION CORP	389,100	$3.92M	shares
RSGREPUBLIC SVCS INC	19,000	$3.82M	call
ENBENBRIDGE INC	89,020	$3.78M	shares
NOEMUCO2 ENERGY TRANSITION CORP	375,000	$3.76M	shares
WTS/BELLEVUE LIFE SCNCS AQS…WTS/BELLEVUE LIFE SCNCS AQSTN CORP	311,040	$3.57M	shares
PANTAGES CAPITAL ACQUISITIONPANTAGES CAPITAL ACQUISITION	346,500	$3.47M	shares
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW	100,000	$3.4M	call
CMRCCOMMERCE.COM INC	554,017	$3.39M	shares
LIVNLIVANOVA PLC	72,741	$3.37M	shares
EWBCEAST WEST BANCORP INC	34,932	$3.35M	shares
GRMNGARMIN LTD	16,200	$3.34M	shares
HOODROBINHOOD MKTS INC	89,600	$3.34M	call
MCOMOODYS CORP	6,977	$3.3M	shares
ROSTROSS STORES INC	21,526	$3.26M	shares
TECHNOLOGY & TELECOMMUNICAT…TECHNOLOGY & TELECOMMUNICATION	262,500	$3.23M	shares
NDAQNASDAQ INC	41,505	$3.21M	shares
CBRECBRE GROUP INC	23,988	$3.15M	shares
QCOMQUALCOMM INC	20,500	$3.15M	call
CBRECBRE GROUP INC	23,500	$3.09M	put
SDRLSEADRILL LTD	79,041	$3.08M	shares
NMRANEUMORA THERAPEUTICS INC.	289,300	$3.07M	call
OGNORGANON & CO	204,456	$3.05M	shares
ASMLASML HLDG NV	4,298	$2.98M	shares
GRMNGARMIN LTD	14,300	$2.95M	put
MRSHMARSH & MCLENNAN COS INC	13,400	$2.85M	call

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 0001549230-25-000012	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC