Context Capital Management, LLC
Follow13F filer, CIK 1301396, LAJOLLA, CA
Context Capital Management, LLC reported $2,958,951,676 across 251 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-06. Its ten largest share positions make up 28.36% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-001712
- Period
- 2025-06-30
- Reported value
- $2.96B
- Holdings
- 251
- Top 10 weight
- 28.36%
- New
- 83
- Sold out
- 40
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SHIFT4 PMTS INCnew | +300,000 | $34.6M |
| QXO INCnew | +340,000 | $21.1M |
| SZZLnew | +600,000 | $6.03M |
| SOULUnew | +582,480 | $6.02M |
| RDAGnew | +500,000 | $5.13M |
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 |
|---|---|---|
| FACTreduced | -1,400,000 | -$14.4M |
| MCHPPreduced | -100,000 | -$6.66M |
| ARES MANAGEMENT CORPORATIONreduced | -125,000 | -$6.62M |
| KKR & CO INCreduced | -100,000 | -$5.36M |
| GSR III ACQUISITION CORPreduced | -412,130 | -$4.45M |
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.
Back to all 132 share positions
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 |
|---|---|---|---|---|
| PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 5.500%12/0 | principal | 67,110 | $123M | new |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 108,000 | $99.9M | +18,000 |
| CONMED CORPCONMED CORP NOTE 2.250% 6/1 | principal | 104,850 | $99.6M | -1,000 |
| WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1 | principal | 80,879 | $92.4M | +11,308 |
| STRATEGY INCSTRATEGY INC NOTE 0.875% 3/1 | principal | 39,149 | $74M | +349 |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 2.125% 5/1 | principal | 75,174 | $73.8M | new |
| BLOOM ENERGY CORPBLOOM ENERGY CORP Bond | principal | 49,306 | $73M | +3,500 |
| IMMUNOCORE HLDGS PLCIMMUNOCORE HLDGS PLC NOTE 2.500% 2/0 | principal | 78,641 | $68.2M | +28,791 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 72,704 | $68.1M | +2,300 |
| NEW MTN FIN CORPNEW MTN FIN CORP BOND | principal | 66,582 | $66.9M | +2,100 |
| SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC NOTE 9/1 | principal | 66,695 | $65M | +7,195 |
| EQUINOX GOLD CORPEQUINOX GOLD CORP NOTE 4.750%10/1 | principal | 49,086 | $59.1M | +3,674 |
| PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1 | principal | 45,910 | $57.8M | +12,835 |
| UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1 | principal | 57,058 | $54.2M | 0 |
| PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 2/1 | principal | 50,128 | $48.5M | +3,337 |
| CENTURY ALUM COCENTURY ALUM CO NOTE 2.750% 5/0 | principal | 39,678 | $47.4M | 0 |
| EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 3.500%12/0 | principal | 52,914 | $45.2M | +9,437 |
| WAYFAIR INCWAYFAIR INC Convertible bond | principal | 32,600 | $44.1M | +15,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 48,163 | $43.3M | +19,500 |
| SSR Mining IncSSR Mining Inc Convertible bond | principal | 40,096 | $41.6M | +2,500 |
| GREEN PLAINS INCGREEN PLAINS INC NOTE 2.250% 3/1 | principal | 45,754 | $38.3M | -6,138 |
| TXNM ENERGY INCTXNM ENERGY INC NOTE 5.750% 6/0 | principal | 29,115 | $37.9M | new |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV | principal | 37,978 | $36.3M | +2,685 |
| EVENTBRITE INCEVENTBRITE INC NOTE 0.750% 9/1 | principal | 40,114 | $35.9M | +4,000 |
| FARO Technologies IncFARO Technologies Inc Convertible bond | principal | 29,180 | $35.5M | +3,905 |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 34,912 | $34.5M | +12,062 |
| MITEK SYS INCMITEK SYS INC NOTE 0.750% 2/0 | principal | 34,750 | $34.2M | 0 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 33,250 | $33.9M | -12,500 |
| ARBOR REALTY TRUST INCARBOR REALTY TRUST INC NOTE 7.500% 8/0 | principal | 33,190 | $33M | -4,500 |
| PROS HOLDINGS INCPROS HOLDINGS INC DEBT 2.500% 7/0 | principal | 29,883 | $32.3M | new |
| MIRUM PHARMACEUTICALS INCMIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 | principal | 17,895 | $31.8M | -1,000 |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 | principal | 42,484 | $30.7M | +32,984 |
| APPLIED OPTOELECTRONICS INCAPPLIED OPTOELECTRONICS INC NOTE 2.750% 1/1 | principal | 30,931 | $30.5M | -5,500 |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 33,431 | $30.2M | +2,500 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 32,044 | $28.8M | new |
| FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP NOTE 0.375% 1/1 | principal | 30,211 | $28.8M | 0 |
| IRONWOOD PHARMACEUTICALS INCIRONWOOD PHARMACEUTICALS INC NOTE 1.500% 6/1 | principal | 32,077 | $27.1M | -1,850 |
| ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC NOTE 1.000%12/0 | principal | 33,408 | $26.6M | +4,074 |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 25,000 | $24.9M | new |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bond | principal | 24,300 | $24M | -1,350 |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 | principal | 27,200 | $23.6M | +1,500 |
| BLOOM ENERGY CORPBLOOM ENERGY CORP NOTE 3.000% 6/0 | principal | 16,350 | $23.1M | new |
| CERENCE INCCERENCE INC NOTE 1.500% 7/0 | principal | 29,170 | $22.4M | 0 |
| ASSERTIO HOLDINGS INCASSERTIO HOLDINGS INC NOTE 6.500% 9/0 | principal | 23,380 | $21.2M | 0 |
| UGI CORP NEWUGI CORP NEW NOTE 5.000% 6/0 | principal | 15,000 | $20.7M | new |
| STARWOOD PPTY TR INCSTARWOOD PPTY TR INC NOTE 6.750% 7/1 | principal | 19,262 | $20.6M | -2,500 |
| TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1 | principal | 21,243 | $20.5M | +6,743 |
| NOVAVAX INCNOVAVAX INC NOTE 5.000%12/1 | principal | 19,538 | $19.4M | 0 |
| PORCH GROUP INCPORCH GROUP INC DEBT 9.000% 5/1 | principal | 15,000 | $18.9M | new |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 14,500 | $18.5M | new |
| GROUPON INCGROUPON INC NOTE 1.125% 3/1 | principal | 18,606 | $18.3M | -16,770 |
| Semtech CorpSemtech Corp Convertible bond | principal | 7,700 | $17.8M | +1,000 |
| PENNYMAC CORPPENNYMAC CORP Convertible Bond | principal | 15,902 | $16.1M | new |
| PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1 | principal | 14,012 | $16.1M | 0 |
| MESA LABS INCMESA LABS INC NOTE 1.375% 8/1 | principal | 16,047 | $16M | 0 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 12,000 | $15.8M | new |
| ALPHATEC HLDGS INCALPHATEC HLDGS INC NOTE 0.750% 8/0 | principal | 15,036 | $14.9M | +3,851 |
| INNOVIVA INCINNOVIVA INC NOTE 2.125% 3/1 | principal | 14,751 | $14.8M | 0 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0 | principal | 11,270 | $14.8M | -4,730 |
| SOLARIS ENERGY INFRAS INCSOLARIS ENERGY INFRAS INC NOTE 4.750% 5/0 | principal | 11,000 | $14.7M | new |
| GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0 | principal | 27,880 | $14.7M | +2,030 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 2.500% 6/0 | principal | 14,500 | $14.5M | new |
| CARDLYTICS INCCARDLYTICS INC BOND | principal | 14,070 | $13.6M | 0 |
| TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1 | principal | 12,100 | $13.5M | new |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 12,175 | $12.7M | +2,000 |
| REDWOOD TRUST INCREDWOOD TRUST INC Convertible | principal | 12,851 | $12.7M | 0 |
| Esperion Therapeutics IncEsperion Therapeutics Inc NOTE 4.000%11/15/25 | principal | 12,440 | $12.2M | 0 |
| LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 11.500% 1/1 | principal | 26,114 | $12.2M | 0 |
| WOLFSPEED INCWOLFSPEED INC NOTE 1.750% 5/0 | principal | 43,650 | $11.2M | +7,200 |
| 3D SYS CORP DEL3D SYS CORP DEL NOTE 11/1 | principal | 12,036 | $10.6M | -66,371 |
| VERITONE INCVERITONE INC NOTE 1.750%11/1 | principal | 26,194 | $10M | 0 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 7,800 | $9.14M | +2,000 |
| CARDLYTICS INCCARDLYTICS INC NOTE 4.250% 4/0 | principal | 20,536 | $8.27M | new |
| MANNKIND CORPMANNKIND CORP NOTE 2.500% 3/0 | principal | 8,060 | $8.06M | 0 |
| BANDWIDTH INCBANDWIDTH INC NOTE 0.500% 4/0 | principal | 9,552 | $8.04M | -11,500 |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC NOTE 2.500% 9/1 | principal | 8,000 | $7.89M | 0 |
| ZYNEX INCZYNEX INC NOTE 5.000% 5/1 | principal | 11,000 | $7.15M | 0 |
| NIO INCNIO INC NOTE 4.625%10/1 | principal | 10,863 | $6.89M | 0 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 6,012 | $5.97M | 0 |
| SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT CO Convertible | principal | 4,000 | $5.63M | +3,000 |
| BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1 | principal | 66,075 | $5.58M | 0 |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 5,000 | $5.42M | 0 |
| EVENTBRITE INCEVENTBRITE INC NOTE 5.000%12/0 | principal | 5,460 | $5.4M | 0 |
| KARYOPHARM THERAPEUTICS INCKARYOPHARM THERAPEUTICS INC NOTE 6.000% 5/1 | principal | 8,871 | $5.02M | new |
| SNAP INCSNAP INC NOTE 0.125% 3/0 | principal | 5,538 | $4.81M | 0 |
| BLOCK INCBLOCK INC NOTE 5/0 | principal | 5,000 | $4.79M | new |
| WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0 | principal | 18,263 | $4.7M | +7,872 |
| LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 9.000% 1/1 | principal | 8,835 | $4.23M | 0 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 4,000 | $4.21M | new |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0 | principal | 3,500 | $4.07M | 0 |
| KOSMOS ENERGY LTDKOSMOS ENERGY LTD NOTE 3.125% 3/1 | principal | 6,000 | $4.03M | -1,771 |
| CIPHER DIGITAL INCCIPHER DIGITAL INC NOTE 1.750% 5/1 | principal | 3,000 | $3.84M | new |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 2,795 | $3.03M | 0 |
| COLLEGIUM PHARMACEUTICAL INCCOLLEGIUM PHARMACEUTICAL INC NOTE 2.875% 2/1 | principal | 2,607 | $2.81M | 0 |
| NIO INCNIO INC NOTE 3.875%10/1 | principal | 3,933 | $2.8M | -2,067 |
| SOUTHERN COSOUTHERN CO NOTE 3.875%12/1 | principal | 2,500 | $2.77M | -5,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1 | principal | 2,292 | $2.68M | 0 |
| PROS HOLDINGS INCPROS HOLDINGS INC NOTE 2.250% 9/1 | principal | 2,772 | $2.63M | -23,298 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 2,500 | $2.59M | 0 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 2,500 | $2.33M | 0 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 2,000 | $2.12M | 0 |
| AMC GLOBAL MEDIA INCAMC GLOBAL MEDIA INC NOTE 4.250% 2/1 | principal | 2,500 | $2.11M | new |
| WOLFSPEED INCWOLFSPEED INC NOTE 0.250% 2/1 | principal | 8,049 | $2.07M | +564 |
| OMEROS CORPOMEROS CORP NOTE 9.500% 6/1 | principal | 2,459 | $1.93M | new |
| RAPID7 INCRAPID7 INC NOTE 0.250% 3/1 | principal | 2,000 | $1.86M | 0 |
| GROUPON INCGROUPON INC NOTE 6.250% 3/1 | principal | 1,250 | $1.74M | -62,193 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 1,500 | $1.74M | new |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1 | principal | 1,750 | $1.71M | 0 |
| ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 4.000% 3/1 | principal | 1,750 | $1.65M | 0 |
| BLOCK INCBLOCK INC NOTE 0.250%11/0 | principal | 1,810 | $1.62M | 0 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0 | principal | 1,386 | $1.48M | 0 |
| ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026 | principal | 1,400 | $1.34M | 0 |
| FORTUNA MNG CORPFORTUNA MNG CORP NOTE 3.750% 6/3 | principal | 1,000 | $1.27M | new |
| DEXCOM INCDEXCOM INC NOTE 0.250%11/1 | principal | 1,250 | $1.23M | 0 |
| XEROX HOLDINGS CORPXEROX HOLDINGS CORP NOTE 3.750% 3/1 | principal | 2,000 | $1.15M | -2,000 |
| DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1 | principal | 1,000 | $967K | 0 |
| WORKIVA INCWORKIVA INC NOTE 1.250% 8/1 | principal | 1,000 | $929K | new |
| SPIRIT AEROSYSTEMS INCSPIRIT AEROSYSTEMS INC CNV | principal | 555 | $812K | 0 |
| TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 | principal | 486 | $478K | 0 |
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 |
|---|---|---|---|
| COHERUS ONCOLOGY INCCOHERUS ONCOLOGY INC | 58,249 | $57.4M | principal |
| XOMETRY INCXOMETRY INC | 50,187 | $48.8M | principal |
| EXACT SCIENCES CORPEXACT SCIENCES CORP | 38,750 | $34.1M | principal |
| PLUG PWR INCPLUG PWR INC | 28,495 | $27.5M | principal |
| HEALTH CATALYST INCHEALTH CATALYST INC | 20,491 | $20.4M | principal |
| EXACT SCIENCES CORPEXACT SCIENCES CORP | 21,015 | $19.3M | principal |
| ARTIVION INCARTIVION INC | 14,790 | $16.6M | principal |
| WAYFAIR INCWAYFAIR INC | 12,500 | $11.7M | principal |
| FIRSTENERGY CORPFIRSTENERGY CORP | 10,500 | $10.6M | principal |
| TILRAY BRANDS INCTILRAY BRANDS INC | 9,400 | $8.85M | principal |
| EZCORP INCEZCORP INC | 6,426 | $6.43M | principal |
| OMEROS CORPOMEROS CORP | 6,709 | $6.17M | principal |
| SEA LTDSEA LTD | 5,270 | $4.92M | principal |
| SUNRUN INCSUNRUN INC | 6,191 | $4.44M | principal |
| WAYFAIR INCWAYFAIR INC | 4,500 | $4.39M | principal |
| CSG SYS INTL INCCSG SYS INTL INC | 4,000 | $4.33M | principal |
| DEXCOM INCDEXCOM INC | 4,140 | $3.71M | principal |
| SEA LTDSEA LTD | 2,500 | $3.69M | principal |
| NEENEXTERA ENERGY INC | 50,000 | $2.39M | shares |
| RAPID7 INCRAPID7 INC | 2,500 | $2.15M | principal |
| VACHVOYAGER ACQUISITION CORP | 198,200 | $2.02M | shares |
| CUTERA INCCUTERA INC | 35,814 | $1.92M | principal |
| AACBUARTIUS II ACQUISITION INC | 162,191 | $1.64M | shares |
| CANTOR EQUITY PARTNERS INCCANTOR EQUITY PARTNERS INC | 100,000 | $1.07M | shares |
| ACCOLADE INCACCOLADE INC | 1,000 | $983K | principal |
| CUTERA INCCUTERA INC | 14,735 | $788K | principal |
| VGVENTURE GLOBAL INC | 74,568 | $768K | shares |
| CUTERA INCCUTERA INC | 4,500 | $263K | principal |
| GSR III ACQUISITION CORPGSR III ACQUISITION CORP | 31,469 | $46.3K | shares |
| GLOBAL BLOCKCHAIN ACQUI CORPGLOBAL BLOCKCHAIN ACQUI CORP | 400,000 | $36.8K | shares |
| BANNIX ACQUISITION CORPBANNIX ACQUISITION CORP | 320,484 | $34.5K | shares |
| BANNIX ACQUISITION CORPBANNIX ACQUISITION CORP | 110,385 | $31.1K | shares |
| CARTICA ACQUISITION CORPCARTICA ACQUISITION CORP | 100,000 | $25K | shares |
| Valuence Merger Corp IValuence Merger Corp I | 75,000 | $11.9K | shares |
| GLOBAL BLK-CW27 EQUITYGLOBAL BLK-CW27 EQUITY | 400,000 | $11K | shares |
| NVNI GROUP LTDNVNI GROUP LTD | 40,000 | $8.57K | shares |
| Papaya Growth Opportunity C…Papaya Growth Opportunity Corp I | 250,000 | $5.62K | shares |
| Futuretech II Acquisition C…Futuretech II Acquisition Corp | 150,000 | $3.15K | shares |
| SRIVARU HOLDING LIMITEDSRIVARU HOLDING LIMITED | 454,100 | $2.68K | shares |
| HYCROFT MINING HOLDING CORPHYCROFT MINING HOLDING CORP | 22,500 | $56 | 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 0001420506-25-001712 | base | 2025-08-06 | acceptance time not in the bulk data set |