Elequin Capital, LP

13F filer, CIK 1810873, NEW YORK, NY

Elequin Capital, LP reported $802,440,466 across 324 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-13. Its ten largest share positions make up 74.86% of the portfolio.

Filed 2025-05-13 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001420506-25-001034

Period: 2025-03-31
Reported value: $802M
Holdings: 324
Top 10 weight: 74.86%
New: 176
Sold out: 368

Largest buys vs the previous quarter

Security	Shares change	Approx. value
METAadded	+62,526	$36M
TSLAnew	+111,394	$28.9M
TFIadded	+347,498	$15.7M
UCONnew	+273,102	$6.76M
ICVTnew	+74,362	$6.22M

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
NVDAreduced	-239,927	-$26M
MSTRreduced	-89,075	-$25.7M
ETHWreduced	-1,559,760	-$20.5M
GOOGexited	-100,000	-$19M
IBITreduced	-389,809	-$18.2M

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 0001420506-25-001034, largest first. % of portfolio is the value over $532,565,569, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MSFTMICROSOFT CORP	181,552	$68.2M	12.8%	+16,528	Timeline
AAPLAPPLE INC	274,248	$60.9M	11.44%	-45,752	Timeline
METAMETA PLATFORMS INC	102,526	$59.1M	11.1%	+62,526	Timeline
TSLATESLA INC	111,394	$28.9M	5.42%	new	Timeline
NVDANVIDIA CORPORATION	200,465	$21.7M	4.08%	-239,927	Timeline
TFISPDR SERIES TRUST	356,854	$16.1M	3.02%	+347,498	Timeline
MSTRSTRATEGY INC	31,879	$9.19M	1.73%	-89,075	Timeline
FETHFIDELITY ETHEREUM FD	382,720	$6.98M	1.31%	-209,098	Timeline
UCONFIRST TR EXCHNG TRADED FD VI	273,102	$6.76M	1.27%	new	Timeline
IBITISHARES BITCOIN TRUST ETF	138,451	$6.48M	1.22%	-389,809	Timeline
ICVTISHARES TR	74,362	$6.22M	1.17%	new	Timeline
ETHGRAYSCALE ETHEREUM STAKING	350,729	$6.04M	1.13%	-951,417	Timeline
SUBISHARES TR	55,810	$5.89M	1.11%	new	Timeline
ETHVVANECK ETHEREUM TR	218,400	$5.84M	1.1%	-56,600	Timeline
BTCWWISDOMTREE BITCOIN FD	64,186	$5.6M	1.05%	+53,309	Timeline
PHYSSPROTT ASSET MANAGEMENT LP	148,682	$3.58M	0.67%	+147,889	Timeline
IJSISHARES TR	36,064	$3.52M	0.66%	new	Timeline
SMCISUPER MICRO COMPUTER INC	91,341	$3.13M	0.59%	+91,222	Timeline
SHMSPDR SERIES TRUST	60,071	$2.86M	0.54%	+14,779	Timeline
COINCOINBASE GLOBAL INC	16,330	$2.81M	0.53%	+16,189	Timeline
FCVTFIRST TR EXCHANGE-TRADED FD	67,999	$2.37M	0.45%	+43,166	Timeline
HYDVANECK ETF TRUST	45,474	$2.33M	0.44%	new	Timeline
QQQINVESCO QQQ TR	4,724	$2.22M	0.42%	+4,546	Timeline
VTECVANGUARD CALIF TAX FREE FDS	22,096	$2.17M	0.41%	+2,105	Timeline
BSMYINVESCO EXCH TRD SLF IDX FD	88,060	$2.12M	0.4%	new	Timeline
PZTINVESCO EXCH TRADED FD TR II	86,759	$1.92M	0.36%	new	Timeline
HYMBSPDR SERIES TRUST	64,986	$1.64M	0.31%	-131,615	Timeline
DFNMDIMENSIONAL ETF TRUST	33,207	$1.58M	0.3%	new	Timeline
NVDYTIDAL TRUST II	93,256	$1.43M	0.27%	new	Timeline
CGMUCAPITAL GRP FIXED INCM ETF T	48,924	$1.31M	0.25%	+45,176	Timeline
PLTRPALANTIR TECHNOLOGIES INC	15,372	$1.3M	0.24%	new	Timeline
HEFAISHARES TR	35,458	$1.29M	0.24%	new	Timeline
FBCGFIDELITY COVINGTON TRUST	31,843	$1.27M	0.24%	new	Timeline
HYGISHARES TR	15,948	$1.26M	0.24%	+10,194	Timeline
SRLNSSGA ACTIVE ETF TR	28,963	$1.19M	0.22%	new	Timeline
BAPRABOEING CO	20,000	$1.18M	0.22%	new	Timeline
FIXDFIRST TR EXCHNG TRADED FD VI	24,664	$1.08M	0.2%	-2,982	Timeline
CEFSPROTT ASSET MANAGEMENT LP	35,750	$1.02M	0.19%	+28,691	Timeline
NYFISHARES TR	18,016	$949K	0.18%	new	Timeline
CGSMCAPITAL GRP FIXED INCM ETF T	34,747	$904K	0.17%	new	Timeline
PG&E CORPPG&E CORP	19,000	$836K	0.16%	new
AMDADVANCED MICRO DEVICES INC	7,898	$811K	0.15%	-144,810	Timeline
INVESCOINVESCO	31,356	$768K	0.14%	new
ARES MANAGEMENT CORPORATIONARES MANAGEMENT CORPORATION	15,000	$710K	0.13%	new
SHYMBLACKROCK ETF TRUST II	27,450	$622K	0.12%	new	Timeline
BONDPIMCO ETF TR	6,172	$571K	0.11%	new	Timeline
BKLNINVESCO EXCH TRADED FD TR II	27,269	$564K	0.11%	new	Timeline
BCATBLACKROCK CAP ALLOCATION TER	34,464	$496K	0.09%	+23,751	Timeline
MUBISHARES TR	4,409	$465K	0.09%	+690	Timeline
INCMFRANKLIN TEMPLETON ETF TR	15,747	$419K	0.08%	new	Timeline
IWDISHARES TR	2,028	$382K	0.07%	new	Timeline
ECATBLACKROCK ESG CAP ALLC TERM	22,834	$360K	0.07%	new	Timeline
UTGREAVES UTIL INCOME FD	10,577	$344K	0.06%	new	Timeline
IWPISHARES TR	2,898	$340K	0.06%	+2,347	Timeline
AMLPALPS ETF TR	6,520	$339K	0.06%	+1,641	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	586	$328K	0.06%	+73	Timeline
NADNUVEEN QUALITY MUNCP INCOME	28,082	$324K	0.06%	new	Timeline
BDJBLACKROCK ENHANCED EQUITY DI	33,080	$284K	0.05%	+11,382	Timeline
PANWPALO ALTO NETWORKS INC	1,656	$283K	0.05%	+1,329	Timeline
NMZNUVEEN MUN HIGH INCOME OPPOR	23,541	$257K	0.05%	-2,123	Timeline
IGRCBRE GBL REAL ESTATE INC FD	46,668	$241K	0.05%	+33,582	Timeline
RQICOHEN & STEERS QUALITY INCOM	18,047	$227K	0.04%	new	Timeline
VHTVANGUARD WORLD FD	850	$225K	0.04%	+495	Timeline
IFNABERDEEN INDIA FD INC	13,145	$207K	0.04%	+4,043	Timeline
ETVEATON VANCE TAX-MANAGED BUY-	15,282	$202K	0.04%	new	Timeline
VTIVANGUARD INDEX FDS	686	$189K	0.04%	new	Timeline
USALIBERTY ALL STAR EQUITY FD	28,323	$186K	0.03%	+27,660	Timeline
EOSEATON VANCE ENHANCED EQUITY	8,469	$179K	0.03%	new	Timeline
DFGXDIMENSIONAL ETF TRUST	3,238	$169K	0.03%	-15,273	Timeline
IEFISHARES TR	1,762	$168K	0.03%	+452	Timeline
PDOPIMCO DYNAMIC INCOME OPRNTS	11,572	$161K	0.03%	new	Timeline
AIOVIRTUS ARTIFICIAL INTELLIGEN	7,653	$158K	0.03%	new	Timeline
XCHYXCALAMOS CONV & HIGH INCOME F	15,037	$152K	0.03%	new	Timeline
ASMLASML HLDG NV	219	$145K	0.03%	new	Timeline
FXIISHARES TR	3,976	$142K	0.03%	-2,353	Timeline
CHICALAMOS CONV OPPORTUNITIES &	14,577	$140K	0.03%	new	Timeline
BITBLACKROCK MULTI SECTOR INC T	9,653	$140K	0.03%	new	Timeline
ETWEATON VANCE TAX-MANAGED GLOB	16,777	$138K	0.03%	+9,066	Timeline
CIIBLACKROCK ENHANCED LARGE CAP	7,413	$137K	0.03%	new	Timeline
YIELDMAX SHORT TSLA OPTION …YIELDMAX SHORT TSLA OPTION INCOME…	18,658	$132K	0.02%	new
VCITVANGUARD SCOTTSDALE FDS	1,605	$131K	0.02%	new	Timeline
PMLPIMCO MUN INCOME FD II	16,030	$130K	0.02%	+14,545	Timeline
NVGNUVEEN AMT FREE MUN CR INC F	10,208	$126K	0.02%	+712	Timeline
WDIWESTERN ASSET DIVERSIFIED IN	8,655	$125K	0.02%	+6,868	Timeline
NMCONUVEEN MUN CR OPPORTUNITIES	11,424	$122K	0.02%	new	Timeline
TIDAL TRUST IITIDAL TRUST II	15,281	$121K	0.02%	new
VMBSVANGUARD SCOTTSDALE FDS	2,604	$121K	0.02%	+323	Timeline
IQIINVESCO QUALITY MUN INCOME T	12,170	$118K	0.02%	new	Timeline
NRKNUVEEN NY AMT FREE	11,058	$114K	0.02%	+7,266	Timeline
MLNVANECK ETF TRUST	6,533	$114K	0.02%	new	Timeline
WIWWESTERN AST INFL LKD OPP & I	12,704	$112K	0.02%	-3,666	Timeline
XETYXEATON VANCE TAX-MANAGED DIVE	7,753	$111K	0.02%	new	Timeline
CCDCALAMOS DYNAMIC CONV & INCOM	5,143	$109K	0.02%	new	Timeline
KRESPDR SERIES TRUST	1,918	$109K	0.02%	+1,873	Timeline
IBBISHARES TR	829	$106K	0.02%	new	Timeline
BMEZBLACKROCK HEALTH SCIENCES TE	7,079	$105K	0.02%	+1,214	Timeline
ETHAISHARES ETHEREUM TR	7,598	$105K	0.02%	-939,237	Timeline
NPCTNUVEEN CORE PLUS IMPACT FUND	9,757	$104K	0.02%	+3,078	Timeline
EOIEATON VANCE ENHANCED EQUITY	5,514	$103K	0.02%	+845	Timeline
NFJVIRTUS DIVIDEND INTEREST & P	8,513	$103K	0.02%	new	Timeline
GBABGUGGENHEIM TAXABLE MUNICP BO	6,636	$103K	0.02%	+6,014	Timeline
NZFNUVEEN MUN CR INCOME FD	8,235	$101K	0.02%	-32,288	Timeline
NCZVIRTUS CONVERTIBLE & INC FD	8,621	$99.7K	0.02%	new	Timeline
VKIINVESCO ADVANTAGE MUN INCOME	11,207	$95.7K	0.02%	new	Timeline
PFFISHARES TR	3,076	$94.5K	0.02%	new	Timeline
NFLXNETFLIX INC.	100	$93.3K	0.02%	+90	Timeline
XBGYXBLACKROCK ENHANCED INTL DIV	16,107	$90.4K	0.02%	+6,039	Timeline
XBMEXBLACKROCK HEALTH SCIENCES TR	2,262	$87.4K	0.02%	new	Timeline
BGRBLACKROCK ENERGY & RES TR	6,355	$86.3K	0.02%	+3,117	Timeline
TLTISHARES TR	948	$86.3K	0.02%	+710	Timeline
XEVVXEATON VANCE LIMITED DURATION	8,586	$85.7K	0.02%	-16,096	Timeline
NXPNUVEEN SELECT TAX-FREE INCOM	5,862	$84.2K	0.02%	new	Timeline
EFTEATON VANCE FLOATING RATE IN	6,675	$83.8K	0.02%	+3,439	Timeline
ETJEATON VANCE RISK-MANAGED DIV	9,795	$82.9K	0.02%	new	Timeline
XEFRXEATON VANCE SR FLTNG RTE TR	6,756	$82.8K	0.02%	+5,364	Timeline
DASHDOORDASH INC	449	$82.1K	0.02%	new	Timeline
XNXJXNUVEEN NEW JERSEY	6,930	$81.6K	0.02%	new	Timeline
PEOADAM NAT RES FD INC	3,541	$80.8K	0.02%	new	Timeline
BGHBARINGS GLOBAL SHORT DURATIO	5,156	$78K	0.01%	+994	Timeline
FTFFRANKLIN LTD DURATION INCOME	11,991	$77.5K	0.01%	new	Timeline
PHKPIMCO HIGH INCOME FD	15,716	$76.9K	0.01%	-3,414	Timeline
XBFZXBLACKROCK CA MUNI INC TR	6,866	$75.4K	0.01%	+2,200	Timeline
TETH21SHARES ETHEREUM STAKING ET	7,983	$72.9K	0.01%	-50,000	Timeline
PMOFRANKLIN MUN OPPORTUNITIES T	7,104	$72.4K	0.01%	new	Timeline
BITBBITWISE BITCOIN ETF TR	1,607	$72.1K	0.01%	-330,365	Timeline
GUGGUGGENHEIM ACTIVE ALLOC FD	4,408	$66.4K	0.01%	new	Timeline
VKQINVESCO MUNICIPAL TRUST	6,709	$64.7K	0.01%	new	Timeline
GOOGLALPHABET INC	414	$64K	0.01%	-29,586	Timeline
FCTFIRST TR SR FLTG RATE INCOME	6,292	$63.8K	0.01%	new	Timeline
FOXAFOX CORP	1,117	$63.2K	0.01%	new	Timeline
BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME QUA	5,854	$63.1K	0.01%	+777
EPREPR PPTYS	1,165	$61.3K	0.01%	new	Timeline
EEMISHARES TR	1,401	$61.2K	0.01%	+742	Timeline
NUVEEN PREFERRED & INCO…NUVEEN PREFERRED & INCOME	3,031	$59.6K	0.01%	+577
CHAUDIREXION SHARES ETF TRUST	4,125	$58.9K	0.01%	new	Timeline
KTFDWS MUN INCOME TR	6,066	$56.9K	0.01%	-1,077	Timeline
TEITEMPLETON EMERGING MKTS INCO	10,265	$55.2K	0.01%	new	Timeline
XLGIXLAZARD GLOBAL TOTAL RETURN &	3,460	$53.3K	0.01%	new	Timeline
EMBISHARES TR	574	$52K	0.01%	+156	Timeline
NXGNXG NEXTGEN INFRASTR INCM FD	1,083	$51K	0.01%	new	Timeline
RMTROYCE MICRO-CAP TR INC	6,023	$50.8K	0.01%	new	Timeline
VTESVANGUARD WELLINGTON FD	502	$50.5K	0.01%	-594	Timeline
IBMRISHARES TR	2,004	$50.2K	0.01%	new	Timeline
EHIWESTERN ASSET GBL HIGH INC F	7,561	$50K	0.01%	new	Timeline
BRRRCOINSHARES BITCOIN ETF	2,118	$49.3K	0.01%	-652,500	Timeline
GGNGAMCO GLOBAL GOLD NAT RES &	11,188	$48.9K	0.01%	+16	Timeline
NMAINUVEEN MULTI ASSET INCOME FU	4,048	$48.7K	0.01%	new	Timeline
HIOWESTERN ASSET HIGH INCOME OP	12,209	$48.6K	0.01%	new	Timeline
LQDISHARES TR	445	$48.4K	0.01%	new	Timeline
ARDCARES DYNAMIC CR ALLOCATION F	3,384	$47.8K	0.01%	+3,109	Timeline
DHFBNY MELLON HIGH YIELD STRATE	18,387	$46.9K	0.01%	new	Timeline
YANGDIREXION SHARES ETF TRUST	1,163	$46K	0.01%	0	Timeline
RABROOKFIELD REAL ASSETS INCOM	3,462	$45.6K	0.01%	new	Timeline
AEMAGNICO EAGLE MINES LTD	419	$45.4K	0.01%	+163	Timeline
JRSNUVEEN REAL ESTATE INCOME FD	5,465	$45K	0.01%	new	Timeline
LDPCOHEN & STEERS LTD DURATION	2,193	$44.6K	0.01%	+1,351	Timeline
ETBEATON VANCE TAX MNGED BUY WR	3,256	$44.4K	0.01%	new	Timeline
HSBCHSBC HLDGS PLC	772	$44.3K	0.01%	+570	Timeline
IIMINVESCO VALUE MUN INCOME TR	3,673	$44K	0.01%	-4,798	Timeline
HYTBLACKROCK CORPOR HI YLD FD I	4,519	$43.3K	0.01%	new	Timeline
XJQCXNUVEEN CR STRATEGIES INCOME	7,705	$41.5K	0.01%	-23,796	Timeline
BLACKROCK MUNIHOLDINGS QUAL…BLACKROCK MUNIHOLDINGS QUALITY	3,800	$38K	0.01%	-935
RLTYCOHEN & STEERS REAL ESTATE O	2,449	$37.6K	0.01%	new	Timeline
ACVVIRTUS DIVERSIFIED INCM & CO	1,871	$37.4K	0.01%	new	Timeline
EFAISHARES TR	447	$36.5K	0.01%	+138	Timeline
KMBKIMBERLY-CLARK CORP	255	$36.3K	0.01%	new	Timeline
BWGBRANDYWINEGBL GBL INCM OPP F	4,231	$35.3K	0.01%	new	Timeline
XEVGXEATON VANCE SHORT DURATION D	2,917	$32K	0.01%	new	Timeline
HYIWESTERN ASSET HIGH YIELD OPP	2,695	$31.9K	0.01%	-1,780	Timeline
CVXCHEVRON CORPORATION	188	$31.5K	0.01%	new	Timeline
MCHIISHARES TR	573	$31.2K	0.01%	new	Timeline
XOMEXXON MOBIL CORP	262	$31.2K	0.01%	new	Timeline
ULSUL SOLUTIONS INC	544	$30.7K	0.01%	new	Timeline
PIONEER HIGH INCOME FUND INCPIONEER HIGH INCOME FUND INC	3,952	$30.6K	0.01%	+3,153
LYVLIVE NATION ENTERTAINMENT IN	233	$30.4K	0.01%	-339	Timeline
LLOEWS CORP	331	$30.4K	0.01%	new	Timeline
TNLTRAVEL PLUS LEISURE CO	656	$30.4K	0.01%	new	Timeline
MOHMOLINA HEALTHCARE INC	92	$30.3K	0.01%	+58	Timeline
RSGREPUBLIC SVCS INC	125	$30.3K	0.01%	new	Timeline
ABTABBOTT LABORATORIES	228	$30.2K	0.01%	new	Timeline
ARCCARES CAPITAL CORP	1,363	$30.2K	0.01%	new	Timeline
DBXDROPBOX INC	1,130	$30.2K	0.01%	+469	Timeline
SAMBOSTON BEER INC	126	$30.1K	0.01%	new	Timeline
ORLYOREILLY AUTOMOTIVE INC	21	$30.1K	0.01%	new	Timeline
SSNCSS&C TECH HLDGS	360	$30.1K	0.01%	new	Timeline
RYNRAYONIER INC	1,077	$30K	0.01%	new	Timeline
CCEPCOCA-COLA EUROPACIFIC PARTNE	345	$30K	0.01%	+83	Timeline
EEFTEURONET WORLDWIDE INC	281	$30K	0.01%	new	Timeline
TAPMOLSON COORS BEVERAGE CO	493	$30K	0.01%	new	Timeline
RELYREMITLY GLOBAL INC	1,442	$30K	0.01%	new	Timeline
FMCFMC CORP	710	$30K	0.01%	new	Timeline
BCSBARCLAYS PLC	1,946	$29.9K	0.01%	new	Timeline
CHDNCHURCHILL DOWNS INC	265	$29.4K	0.01%	new	Timeline
WHWYNDHAM HOTELS & RESORTS INC	325	$29.4K	0.01%	new	Timeline
JEFJEFFERIES FINANCIAL GROUP IN	549	$29.4K	0.01%	+297	Timeline
MIYBLACKROCK MUNIYIELD MICH QU	2,534	$28.8K	0.01%	-1,808	Timeline
GPIGROUP 1 AUTOMOTIVE INC	75	$28.6K	0.01%	new	Timeline
BTCGRAYSCALE BITCOIN MINI TR ET	768	$28K	0.01%	new	Timeline
ECFELLSWORTH GROWTH & INCOME FD	2,991	$27.2K	0.01%	new	Timeline
ETHWBITWISE ETHEREUM ETF	2,025	$26.6K	<0.01%	-1,559,760	Timeline
GLOCLOUGH GLOBAL OPPORTUNITIES	5,300	$25.9K	<0.01%	new	Timeline
ARKBARK 21SHARES BITCOIN ETF	298	$24.5K	<0.01%	-155,823	Timeline
RMIRIVERNORTH OPPORTUNISTIC MUN	1,583	$23.6K	<0.01%	new	Timeline
LUVSOUTHWEST AIRLS CO	673	$22.6K	<0.01%	+86	Timeline
PIMCO MUN INCOME FD IIIPIMCO MUN INCOME FD III	3,136	$22.5K	<0.01%	+1,407
BGXBLACKSTONE LONG SHORT CR INC	1,801	$22.2K	<0.01%	new	Timeline
RFICOHEN & STEERS TOTAL RETURN	1,812	$21.9K	<0.01%	-3,708	Timeline
MSDMORGAN STANLEY EMKT DBT FD I	2,698	$21.7K	<0.01%	new	Timeline
ETOEATON VANCE TAX-ADVANTAGED G	870	$21.4K	<0.01%	new	Timeline
CHWCALAMOS GBL DYN INCOME FUND	3,343	$21.4K	<0.01%	-2,829	Timeline
JCENUVEEN CORE EQUITY ALPHA FD	1,438	$21K	<0.01%	new	Timeline
BSTBLACKROCK SCIENCE & TECHNOLO	603	$19.9K	<0.01%	-634	Timeline
VFLABRDN NATL MUN INCOME FD	1,945	$19.7K	<0.01%	new	Timeline
NEENEXTERA ENERGY INC	278	$19.7K	<0.01%	-1,014	Timeline
IGAVOYA GLBL ADV & PREM OPP FD	1,928	$18.9K	<0.01%	new	Timeline
SLVISHARES SILVER TR	595	$18.4K	<0.01%	-297	Timeline
VMOINVESCO MUN OPPORTUNIT TR	1,932	$18.3K	<0.01%	new	Timeline
BGBBLACKSTONE STRATEGIC CRED 20	1,499	$18.1K	<0.01%	-6,952	Timeline
MFMABERDEEN MUN INCOME FD	3,236	$17.2K	<0.01%	new	Timeline
DBLDOUBLELINE OPPORTUNISTIC CR	1,088	$17K	<0.01%	new	Timeline
XFOFXCOHEN & STEERS CLOSED-END	1,383	$16.7K	<0.01%	+105	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	100	$16.6K	<0.01%	-29,900	Timeline
PFDFLAHERTY & CRUMRINE PFD INCO	1,474	$16.5K	<0.01%	new	Timeline
NDMONUVEEN DYNAMIC MUN OPPORTUNI	1,599	$16.4K	<0.01%	-315	Timeline
RVTROYCE SMALL CAP TRUST INC	1,138	$16.2K	<0.01%	new	Timeline
BLACKROCK LONG-TERM MUNCIPA…BLACKROCK LONG-TERM MUNCIPAL A	1,651	$16K	<0.01%	new
XWIAXWESTERN ASSET INFLT LNK INC	1,907	$15.9K	<0.01%	new	Timeline
ACPABRDN INCOME CREDIT STRATEGI	2,683	$15.8K	<0.01%	new	Timeline
MOALTRIA GROUP INC	258	$15.5K	<0.01%	new	Timeline
BTIBRITISH AMERN TOB PLC	370	$15.3K	<0.01%	new	Timeline
CAVACAVA GROUP INC	175	$15.1K	<0.01%	new	Timeline
NYTNEW YORK TIMES CO MTN BE	304	$15.1K	<0.01%	new	Timeline
KMIKINDER MORGAN INC DEL	528	$15.1K	<0.01%	new	Timeline
XCAFXMORGAN STANLEY CHINA A SH FD	1,107	$14.5K	<0.01%	new	Timeline
AVGOBROADCOM INC	86	$14.4K	<0.01%	-99,914	Timeline
ERCALLSPRING MULTI SECTOR INCOM	1,532	$14.1K	<0.01%	new	Timeline
EVNEATON VANCE MUN INCOME TR	1,331	$13.7K	<0.01%	new	Timeline
PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME	1,463	$13.5K	<0.01%	new
EMOCLEARBRIDGE ENERGY MIDSTREAM	268	$13.3K	<0.01%	new	Timeline
ALBALBEMARLE CORP	183	$13.2K	<0.01%	-2,442	Timeline
DIAXNUVEEN DOW 30SM DYNAMIC OVERWR	895	$13K	<0.01%	new	Timeline
VCVINVESCO CALIF VALUE MUN INCO	1,207	$12.8K	<0.01%	new	Timeline
DPGDUFF & PHELPS UTLITY AND INF	1,047	$12.8K	<0.01%	new	Timeline
IIFMORGAN STANLEY INDIA INVT FD	482	$11.8K	<0.01%	-1,667	Timeline
BUIBLACKROCK UTILS INFRASTRUCTU	505	$11.4K	<0.01%	new	Timeline
PTACOHEN & STEERS TAX ADVAN PFD	572	$11.1K	<0.01%	new	Timeline
MCNXAI MADISON EQUITY PREMIUM I	1,680	$10.3K	<0.01%	new	Timeline
RIVRIVERNORTH OPPORTUNITIES FD	851	$10K	<0.01%	-5,594	Timeline
IWSISHARES TR	79	$9.95K	<0.01%	new	Timeline
PWZINVESCO EXCH TRADED FD TR II	406	$9.68K	<0.01%	new	Timeline
MMTABERDEEN MULTI-MARKET INCOME	1,974	$9.18K	<0.01%	+517	Timeline
HODLVANECK BITCOIN ETF	384	$8.95K	<0.01%	+288	Timeline
BLWBLACKROCK LTD DURATION INCOM	632	$8.94K	<0.01%	new	Timeline
PSFCOHEN & STEERS SELECT PFD &	406	$8.12K	<0.01%	+402	Timeline
EIMEATON VANCE MUN BD FD	788	$7.86K	<0.01%	-2,026	Timeline
PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME	929	$7.76K	<0.01%	new
APOAPOLLO GLOBAL MGMT INC	54	$7.39K	<0.01%	-298	Timeline
MBBISHARES TR	71	$6.66K	<0.01%	-1,883	Timeline
BITUPROSHARES TR	198	$6.59K	<0.01%	new	Timeline
XFFCXFLAHERTY & CRUMRIN PFD & INM	389	$6.2K	<0.01%	new	Timeline
IWMISHARES TR	30	$5.99K	<0.01%	-926	Timeline
UBERUBER TECHNOLOGIES INC	77	$5.61K	<0.01%	-553	Timeline
PFLPIMCO INCOME STRATEGY FD	641	$5.51K	<0.01%	new	Timeline
MSTZETF OPPORTUNITIES TRUST	368	$5.16K	<0.01%	0	Timeline
HPEHEWLETT PACKARD ENTERPRISE C	331	$5.11K	<0.01%	-1,423	Timeline
HPIHANCOCK JOHN PFD INCOME FD	305	$5.06K	<0.01%	-220	Timeline
ZTRVIRTUS TOTAL RETURN FD INC	769	$4.59K	<0.01%	-235	Timeline
MRKMERCK & CO INC	44	$3.95K	<0.01%	-41	Timeline
NANNUVEEN NY DIVI ADV	293	$3.33K	<0.01%	new	Timeline
SMHVANECK ETF TRUST	14	$2.96K	<0.01%	-46	Timeline
AMGAFFILIATED MANAGERS GROUP	17	$2.86K	<0.01%	-44	Timeline
LLYVALIBERTY MEDIA CORP	40	$2.69K	<0.01%	0	Timeline
BLACKROCK MUNIHLDGS NY QLTYBLACKROCK MUNIHLDGS NY QLTY	256	$2.6K	<0.01%	new
BAERWBRIDGER AEROSPACE GRP HLDGS	47,317	$2.53K	<0.01%	0	Timeline
SMART GLOBAL HLDGS INCSMART GLOBAL HLDGS INC	145	$2.52K	<0.01%	0
FAXABRDN ASIA PACIFIC INCOME FU	148	$2.32K	<0.01%	+132	Timeline
LCIILCI INDS	21	$1.84K	<0.01%	+2	Timeline
WIXWIX COM LTD	11	$1.8K	<0.01%	-8	Timeline
LUNRINTUITIVE MACHINES INC	100	$745	<0.01%	0	Timeline
VTNINVESCO TR INVT GRADE NEW YO	69	$720	<0.01%	new	Timeline
JBTMJBT MAREL CORPORATION	5	$611	<0.01%	-25	Timeline
BACBANK OF AMER CORP	12	$501	<0.01%	-10	Timeline
NUVEEN CR STRATEGIES INCOMENUVEEN CR STRATEGIES INCOME	16,105	$483	<0.01%	new
OIOWWOIO GROUP	20,000	$226	<0.01%	0	Timeline
CPTAFCAPTIVISION INC	300	$142	<0.01%	0	Timeline
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR	1	$65	<0.01%	0
CARAVELLE INTERNATIONAL GROUCARAVELLE INTERNATIONAL GROU	25	$28	<0.01%	0
FUBOFUBOTV INC	8	$23	<0.01%	0	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).

Security	Type	Amount	Value	Change
MSFTMICROSOFT CORP COM	put	182,600	$68.5M	+17,600
AAPLAPPLE INC COM	put	278,000	$61.8M	-42,000
METAMETA PLATFORMS INC COM	put	104,900	$60.5M	+64,900
TSLATESLA INC COM	put	104,100	$27M	new
NVDANVIDIA CORPORATION COM	put	237,500	$25.7M	-202,500
AMZNAMAZON COM INC COM	put	33,600	$6.39M	-36,400
GOOGLALPHABET INC COM	put	32,000	$4.95M	+2,000
GOOGLALPHABET INC COM	call	19,500	$3.02M	new
AMDADVANCED MICRO DEVICES INC COM	put	23,500	$2.41M	-126,500
QQQINVESCO QQQ TR COM	call	2,200	$1.03M	new
AMATAPPLIED MATLS INC COM	put	6,800	$987K	new
SHELSHELL PLC ADR	call	11,500	$843K	new
TSLATESLA INC COM	call	3,000	$777K	new
NVDANVIDIA CORPORATION COM	call	7,000	$759K	new
ZMZOOM COMMUNICATIONS INC Stock	call	10,000	$738K	new
AMZNAMAZON COM INC COM	call	3,700	$704K	new
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS	put	3,500	$581K	-26,500
SESEA LTD SPONSORD ADS	call	4,000	$522K	new
PANWPALO ALTO NETWORKS INC COM	put	3,000	$512K	new
COSTCOSTCO WHOLESALE CORPORATION COM	call	500	$473K	new
ABNBAIRBNB INC COM	call	3,000	$358K	new
COINCOINBASE GLOBAL INC Stock	put	2,000	$344K	new
MSFTMICROSOFT CORP COM	call	600	$225K	new
ABNBAIRBNB INC COM	put	1,700	$203K	new
AVGOBROADCOM INC COM	put	1,000	$167K	-99,000
ZMZOOM COMMUNICATIONS INC Stock	put	2,000	$148K	new
AMDADVANCED MICRO DEVICES INC COM	call	1,000	$103K	new
NFLXNETFLIX INC. COM	put	100	$93.3K	new
METAMETA PLATFORMS INC COM	call	100	$57.6K	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
BOOKING HOLDINGS INCBOOKING HOLDINGS INC NOTE 0.750% 5/0	principal	25,179,000	$62M	new
INFINERA CORPINFINERA CORP BOND	principal	26,650,000	$34.1M	+24,150,000
HUBSPOT INCHUBSPOT INC NOTE 0.375% 6/0	principal	13,473,000	$27.1M	new
NRG ENERGY INCNRG ENERGY INC DBCV 2.750% 6/0	principal	8,829,000	$20.6M	new
PALO ALTO NETWORKS INCPALO ALTO NETWORKS INC NOTE 0.375% 6/0	principal	1,116,000	$3.83M	new
AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC BOND	principal	2,000,000	$2M	0
INFINERA CORPINFINERA CORP BOND	principal	1,000,000	$1.2M	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 368. All 368

Security	Shares before	Value before	Type
INSIGHT ENTERPRISES INCINSIGHT ENTERPRISES INC	51,007,000	$114M	principal
PARSONS CORP DELPARSONS CORP DEL	25,084,000	$52M	principal
MSTRSTRATEGY INC	99,500	$28.8M	put
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN	16,767,000	$20.6M	principal
GOOGALPHABET INC	100,000	$19M	shares
GOOGALPHABET INC	100,000	$19M	put
GUIDEWIRE SOFTWARE INCGUIDEWIRE SOFTWARE INC	11,195,000	$16.6M	principal
AMZNAMAZON COM INC	70,000	$15.4M	shares
MUMICRON TECHNOLOGY INC	150,000	$12.6M	shares
MUMICRON TECHNOLOGY INC	150,000	$12.6M	put
GSGOLDMAN SACHS GROUP INC	20,000	$11.5M	shares
GSGOLDMAN SACHS GROUP INC	20,000	$11.5M	put
VEECO INSTRS INC DELVEECO INSTRS INC DEL	7,700,000	$8.7M	principal
CITHE CIGNA GROUP	30,000	$8.28M	shares
CITHE CIGNA GROUP	30,000	$8.28M	put
QCOMQUALCOMM INC	50,000	$7.68M	shares
QCOMQUALCOMM INC	50,000	$7.68M	put
SPYSTATE STR SPDR S&P 500 ETF T	8,000	$4.69M	put
WMTWALMART INC	50,000	$4.52M	shares
WMTWALMART INC	50,000	$4.52M	put
VXXBARCLAYS BANK PLC	28,000	$1.28M	call
PYLDPIMCO ETF TR	32,946	$854K	shares
SPYSTATE STR SPDR S&P 500 ETF T	1,400	$821K	call
PZAINVESCO EXCH TRADED FD TR II	22,839	$539K	shares
CVRTCALAMOS ETF TR	16,914	$508K	shares
FMBFIRST TR EXCH TRADED FD III	6,968	$355K	shares
QDTEROUNDHILL ETF TRUST	8,293	$332K	shares
XLUSELECT SECTOR SPDR TR	3,968	$300K	shares
IBMINTERNATIONAL BUSINESS MACHS	1,300	$286K	shares
CWBSPDR SERIES TRUST	2,804	$218K	shares
PDIPIMCO DYNAMIC INCOME FD	11,609	$213K	shares
MUCBLACKROCK MUNIHLDNGS CALI	17,965	$191K	shares
ASHRDBX ETF TR	7,052	$187K	shares
BTZBLACKROCK CR ALLOCATION	17,613	$184K	shares
XGDVXGABELLI DIVID & INCOME TR	7,139	$172K	shares
PCNPIMCO CORPORATE & INCM STRG	11,821	$159K	shares
CSQCALAMOS STRATEGIC TOTAL RETU	8,263	$146K	shares
XMYDXBLACKROCK MUNIYIELD FUND	13,603	$141K	shares
DVYISHARES TR	1,048	$138K	shares
XEXGXEATON VANCE TAX-MANAGED GLOB	16,653	$136K	shares
BABOEING CO	758	$134K	shares
GHYPGIM GLOBAL HIGH YIELD FD FO	10,870	$134K	shares
XRNPXCOHEN & STEERS REIT & PFD &	6,251	$131K	shares
BHKBLACKROCK CORE BD TR	12,375	$129K	shares
HQHABRDN HEALTHCARE INVESTORS	7,527	$121K	shares
MQYBLACKROCK MUNIYILD QULT FD I	9,331	$107K	shares
FTHYFIRST TR HIGH YIELD OPPRT 20	7,288	$106K	shares
JFRNUVEEN FLOATING RATE INCOME	11,821	$105K	shares
JRINUVEEN REAL ASSET INCOME & G	8,381	$102K	shares
VIRTUS ALLIANZGI CONVERTIBL…VIRTUS ALLIANZGI CONVERTIBLE &	29,219	$101K	shares
XBOEXBLACKROCK ENHANCED GLOBAL	9,177	$98.8K	shares
BABAALIBABA GROUP HLDG LTD	1,125	$95.4K	shares
NBBNUVEEN TAXABLE MUNICPAL INM	6,161	$92.3K	shares
VCSHVANGUARD SCOTTSDALE FDS	1,063	$82.9K	shares
DLYDOUBLELINE YIELD OPPORTUNITI	5,208	$82.4K	shares
MUJBLACKROCK MUNIHLDGS NJ QLTY	7,376	$81.7K	shares
ETGEATON VANCE TX ADV GLBL DIV	4,312	$78.6K	shares
NUVNUVEEN MUN VALUE FD INC	8,763	$75.3K	shares
JPCNUVEEN PFD & INCOME OPPORTUN	9,238	$72.6K	shares
MMDNYLIM MACKAY DEFINEDTERM MUN	4,682	$69.9K	shares
GABGABELLI EQUITY TR INC	12,861	$69.2K	shares
TIDAL TRUST IITIDAL TRUST II	5,292	$69K	shares
DIASTATE STR SPDR DOW JONES IND	156	$66.4K	shares
JEPIJ P MORGAN EXCHANGE TRADED F	1,150	$66.2K	shares
AKAMAKAMAI TECHNOLOGIES INC	679	$64.9K	shares
THWABRDN WORLD HEALTHCARE FUND	5,606	$61.7K	shares
BKNGBOOKING HOLDINGS INC	12	$59.6K	shares
BCXBLACKROCK RES & COMMODITIES	6,754	$57.7K	shares
BGTBLACKROCK FLOATING RATE INC	4,453	$57.3K	shares
XNQPXNUVEEN PA INVT QUALITY MUN F	5,116	$57.2K	shares
ROCKET LAB USA INCROCKET LAB USA INC	2,208	$56.2K	shares
CCLCARNIVAL CORP	2,183	$54.4K	shares
ADXADAMS DIVERSIFIED EQUITY FD	2,617	$52.9K	shares
ASGLIBERTY ALL-STAR GROWTH FD I	9,355	$52.9K	shares
WELLWELLTOWER INC	408	$51.4K	shares
EOTEATON VANCE NATL MUN OPPORT	3,032	$49.9K	shares
RIVNRIVIAN AUTOMOTIVE INC	3,673	$48.9K	shares
FPFFIRST TR INTER DURATN PFD &	2,692	$48.5K	shares
IWFISHARES TR	117	$47K	shares
XBKNXBLACKROCK INVEST QLTY MUNI	4,208	$46.9K	shares
SNOWSNOWFLAKE INC	301	$46.5K	shares
AXONAXON ENTERPRISE INC	78	$46.4K	shares
HTDHANCOCK JOHN TAX-ADVANTAGED	2,089	$46K	shares
BHPBHP BILLITON LIMITED	900	$43.9K	shares
SOFISOFI TECHNOLOGIES INC	2,726	$42K	shares
OIAINVESCO MUNI INCOME OPP TRST	6,963	$41.1K	shares
SOSOUTHERN CO	498	$41K	shares
TCOMTRIP COM GROUP LTD	579	$39.8K	shares
WDCWESTERN DIGITAL CORP	665	$39.7K	shares
LITELUMENTUM HLDGS INC	472	$39.6K	shares
RCLROYAL CARIBBEAN GROUP	171	$39.4K	shares
PCGPG&E CORP	1,941	$39.2K	shares
NCANUVEEN CALIFORNIA MUNI VLU F	4,619	$39K	shares
XMQTXBLACKROCK MUNIYIELD QLTY II	3,937	$38.8K	shares
GDXVANECK ETF TRUST	1,143	$38.8K	shares
TDFTEMPLETON DRAGON FD INC	4,514	$38.3K	shares
ETXEATON VANCE MUN INCOME TERM	2,140	$37.7K	shares
DSMBNY MELLON STRATEGIC MUN BD	6,232	$36.2K	shares
TFCTRUIST FINL CORP	800	$34.7K	shares
SESEA LTD	325	$34.5K	shares

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 0001420506-25-001034	base		2025-05-13	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC