GLAZER CAPITAL, LLC

13F filer, CIK 1076809, New York, NY

GLAZER CAPITAL, LLC reported $2,978,918,000 across 308 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 40.78% of the portfolio.

Filed 2025-11-13 (acceptance time not in the bulk data set), ingested 2026-10-07 03:02:25 UTC13F-HR 0001076809-25-000131

Period: 2025-09-30
Reported value: $2.98B
Holdings: 308
Top 10 weight: 40.78%
New: 151
Sold out: 87

Part of the filer group GLAZER CAPITAL, LLC

Paul J. Glazer

How groups are built

Stakes and trades reported after 2025-09-30

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

UTZ UTZ BRANDS INC: 13G 4,446,531 shares, 5% of the class, 13G filed 2026-10-09, 0001076809-26-000119 Timeline
Accepted 2026-10-09 20:15:39 UTC, ingested 2026-10-09 20:17:07 UTC
SANG SANGOMA TECHNOLOGIES CORP: 13G 1,750,000 shares, 5.3% of the class, 13G filed 2026-10-09, 0001076809-26-000118 Timeline
Accepted 2026-10-09 20:15:30 UTC, ingested 2026-10-09 20:16:08 UTC
BOW BOWHEAD SPECIALTY HLDGS INC: 13G 1,697,694 shares, 5.2% of the class, 13G filed 2026-10-06, 0001076809-26-000115 Timeline
Accepted 2026-10-06 20:53:01 UTC, ingested 2026-10-06 20:53:48 UTC
SAFT SAFETY INS GROUP INC: 13G 750,000 shares, 5.1% of the class, 13G filed 2026-10-02, 0001076809-26-000112 Timeline
Accepted 2026-10-02 19:00:07 UTC, ingested 2026-10-06 10:24:57 UTC
ARX ACCELERANT HOLDINGS: 13G 5,969,101 shares, 5% of the class, 13G filed 2026-09-30, 0001076809-26-000110 Timeline
Accepted 2026-09-30 20:59:16 UTC, ingested 2026-10-06 10:15:08 UTC
BWIN THE BALDWIN INSURANCE GRP IN: 13G 5,179,906 shares, 5.35% of the class, 13G filed 2026-09-25, 0001076809-26-000105 Timeline
Accepted 2026-09-25 21:23:04 UTC, ingested 2026-10-06 10:29:35 UTC

Largest buys vs the previous quarter

Security	Shares change	Approx. value
VERONA PHARMA PLCnew	+3,205,878	$342M
CYBERARK SOFTWARE LTD/ISRAELnew	+340,441	$164M
MERUS N Vnew	+1,619,372	$152M
89BIO INCnew	+5,636,905	$82.9M
VERITEX HLDGS INCnew	+2,245,395	$75.3M

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
ENSTAR GROUP LIMITEDexited	-721,000	-$243M
SPRINGWORKS THERAPEUTICS INCexited	-4,107,199	-$193M
BLUEPRINT MEDICINES CORPexited	-1,331,300	-$171M
DUN & BRADSTREET HLDGS INCexited	-17,804,631	-$162M
SKXexited	-2,393,675	-$151M

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, Q3 2025

Share positions as resolved from 13F-HR 0001076809-25-000131, largest first. % of portfolio is the value over $2,977,979,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
VERONA PHARMA PLCVERONA PHARMA PLC	3,205,878	$342M	11.49%	new
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	340,441	$164M	5.52%	new
MERUS N VMERUS N V	1,619,372	$152M	5.12%	new
MR COOPER GROUP INCMR COOPER GROUP INC	576,677	$123M	4.13%	+334,683
AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC	8,548,774	$85.1M	2.86%	+3,423,774
89BIO INC89BIO INC	5,636,905	$82.9M	2.78%	new
VERITEX HLDGS INCVERITEX HLDGS INC	2,245,395	$75.3M	2.53%	new
WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHS	969,096	$73.9M	2.48%	new
VERINT SYS INCVERINT SYS INC	3,120,387	$63.2M	2.12%	new
PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INC	6,756,934	$52.2M	1.75%	new
ZIMVIE INCZIMVIE INC	2,294,392	$43.5M	1.46%	new
HARBORONE BANCORP INC NEWHARBORONE BANCORP INC NEW	3,014,812	$41M	1.38%	+1,078,299
DAYDAYFORCE INC	567,735	$39.1M	1.31%	new		Timeline
ASPEN INSURANCE HOLDINGS-AASPEN INSURANCE HOLDINGS-A	920,394	$33.8M	1.13%	new
KKELLANOVA	382,581	$31.4M	1.05%	+221,247		Timeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS	1,059,772	$29.6M	0.99%	new
POTBELLY CORPPOTBELLY CORP	1,631,301	$27.8M	0.93%	new
TASKTASKUS INC	1,536,143	$27.4M	0.92%	+218,241		Timeline
CUREVAC N VCUREVAC N V	4,546,634	$24.5M	0.82%	+3,951,789
PRAPROASSURANCE CORP	1,016,040	$24.4M	0.82%	new		Timeline
DMIIUDRUGS MADE IN AMER ACQ II CO	2,350,000	$23.4M	0.78%	new		Timeline
PGREPARAMOUNT GROUP INC	3,500,000	$22.9M	0.77%	new		Timeline
EVACEQV VENTURES AC CORP. II	2,223,529	$22.1M	0.74%	new		Timeline
Sandstorm Gold LtdSandstorm Gold Ltd	1,736,448	$21.7M	0.73%	new
INTEGRAL AD SCIENCE HLDNG COINTEGRAL AD SCIENCE HLDNG CO	2,096,797	$21.3M	0.72%	new
BCARD. BORAL ARC ACQ I CORP.	2,050,000	$20.4M	0.68%	new		Timeline
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	2,005,799	$20.3M	0.68%	+1,164,566
ANSCAGRICULTURE & NAT SOL ACQ CO	1,824,970	$19.9M	0.67%	-50,063		Timeline
TICTIC SOLUTIONS INC	1,448,370	$19.3M	0.65%	new		Timeline
DMAADRUGS MADE IN AMER ACQUTN CO	1,822,292	$18.7M	0.63%	-158		Timeline
TACOBERTO ACQUISITION CORP	1,791,122	$18.6M	0.63%	+728,504		Timeline
VIMEO INCVIMEO INC	2,289,561	$17.7M	0.6%	new
CTLPCANTALOUPE INC	1,674,225	$17.7M	0.59%	new		Timeline
GSRFUGSR IV ACQUISITION CORP	1,635,000	$16.6M	0.56%	new		Timeline
EAELECTRONIC ARTS INC	80,200	$16.2M	0.54%	new		Timeline
CIOCITY OFFICE REIT INC	2,272,878	$15.8M	0.53%	new		Timeline
IMXIINTERNATIONAL MONEY EXPRESS	1,110,800	$15.5M	0.52%	new		Timeline
PROVIDENT BANCORP INCPROVIDENT BANCORP INC	1,229,791	$15.4M	0.52%	+370,765
BTC DEV CORPBTC DEV CORP	1,525,554	$15.4M	0.52%	new
OYSEOYSTER ENTERPRISES II ACQUIS	1,499,883	$15M	0.5%	new		Timeline
UUNITY SOFTWARE INC	364,900	$14.6M	0.49%	new		Timeline
MTSRMETSERA INC	270,662	$14.2M	0.48%	new		Timeline
MBVIUM3-BRIGADE ACQUISITION VI CO	1,329,906	$13.5M	0.45%	new		Timeline
SOHO HOUSE & CO INCSOHO HOUSE & CO INC	1,516,374	$13.4M	0.45%	new
JACSJACKSON ACQUISITION CO II	1,229,465	$12.8M	0.43%	+5,001		Timeline
VNMEVENDOME ACQUISITION CORP I	1,273,889	$12.7M	0.42%	new		Timeline
EMSMART SH GLOBAL LTD	9,350,882	$12.6M	0.42%	new		Timeline
AACBARTIUS II ACQUISITION INC	1,194,892	$12.1M	0.41%	-23		Timeline
SCSSTEELCASE INC-CLASS A	702,573	$12.1M	0.41%	new		Timeline
ONENHENNESSY CAP INVT CORP VII	1,175,100	$12M	0.4%	-10,665		Timeline
AXINAXIOM INTELLIGENCE AC CORP 1	1,201,969	$12M	0.4%	new		Timeline
KFIIK&F GROWTH ACQUISITION CORP	1,167,152	$11.9M	0.4%	-6,763		Timeline
AAMAA MISSION ACQUISITION COR-A	1,124,752	$11.8M	0.4%	-14,041		Timeline
ENHAA PARADISE ACQUISITION CORP	1,174,355	$11.6M	0.39%	new		Timeline
CRAQCAL REDWOOD ACQUISITION CORP	1,155,002	$11.6M	0.39%	+11,002		Timeline
ALAIR LEASE CORP	178,496	$11.4M	0.38%	new		Timeline
HYACHAYMAKER ACQUISITION CORP IV	974,787	$11.1M	0.37%	-49,224		Timeline
KOYNCSLM DIGITA ASSET ACQ CORP I	1,100,000	$10.9M	0.37%	new		Timeline
BLUWBLUE WTR ACQUISITION CORP. I	1,078,363	$10.7M	0.36%	new		Timeline
KCHVKOCHAV DEFENSE ACQUI CO	1,069,300	$10.7M	0.36%	new		Timeline
GTENGORES HLDGS X INC	1,025,000	$10.5M	0.35%	-8,895		Timeline
FACCARTESIAN GROWTH CORP III	1,040,783	$10.5M	0.35%	-2,515		Timeline
PACHPIONEER ACQUISITION I CORP	1,050,650	$10.4M	0.35%	new		Timeline
OTGAUOTG ACQUISITION CORP. I	1,027,844	$10.3M	0.35%	new		Timeline
LBRDKLIBERTY BROADBAND CORP	156,861	$9.97M	0.33%	new		Timeline
SNVSYNOVUS FINANCIAL CORP	198,457	$9.74M	0.33%	new		Timeline
GTERAGLOBA TERRA ACQUISITION COR	955,594	$9.54M	0.32%	new		Timeline
ATIIARCHIMEDES TECH SPAC PARTNER	875,087	$8.94M	0.3%	0		Timeline
JENAJENA ACQUISITION CORP II	874,700	$8.88M	0.3%	new		Timeline
SPEGSILVER PEGASUS ACQUISITION C	889,014	$8.86M	0.3%	new		Timeline
OBAOXLEY BRIDGE ACQ LTD	890,515	$8.84M	0.3%	new		Timeline
DRDBROMAN DBDR ACQUISITION CORP	845,100	$8.72M	0.29%	0		Timeline
PNFPPINNACLE FINANCIAL PARTNERS	92,744	$8.7M	0.29%	new		Timeline
Tourmaline Bio IncTourmaline Bio Inc	180,155	$8.62M	0.29%	new
EMMIS ACQUISITION CORP.EMMIS ACQUISITION CORP.	800,000	$7.99M	0.27%	new
PLMKPLUM ACQUISITION CORP IV	770,232	$7.95M	0.27%	0		Timeline
SOCASOLARIUS CAPITAL ACQU CORP	795,038	$7.92M	0.27%	new		Timeline
SCPHARMACEUTICALS INCSCPHARMACEUTICALS INC	1,381,691	$7.83M	0.26%	new
STAASTAAR SURGICAL CO	287,000	$7.71M	0.26%	new		Timeline
CEPFCANTOR EQUITY PARTNERS IV IN	753,209	$7.67M	0.26%	new		Timeline
HVMCUHIGHVIEW MERGER CORP	749,774	$7.59M	0.25%	new		Timeline
LPBBLAUNCH TWO ACQUISITION CORP.	695,456	$7.27M	0.24%	0		Timeline
ALFCENTURION ACQUISITION CORP	684,779	$7.22M	0.24%	+261,888		Timeline
CCIICOHEN CIRCLE ACQUISIT CORP I	700,000	$7.11M	0.24%	new		Timeline
SDHISIDDHI ACQUISITION CORP	698,359	$7.09M	0.24%	0		Timeline
PAIIPYROPHYTE ACQUISITION CORP.	704,400	$7.02M	0.24%	new		Timeline
FERAFIFTH ERA ACQUISITION CORP I	686,640	$6.98M	0.23%	-3,122		Timeline
EGHAEGH ACQUISITION CORP.	686,893	$6.88M	0.23%	new		Timeline
SEMLER SCIENTIFIC INCSEMLER SCIENTIFIC INC	225,000	$6.75M	0.23%	new
MKLYUMCKINLEY ACQUISITION CORP	651,180	$6.5M	0.22%	new		Timeline
INACINDIGO ACQUISITION CORP	650,400	$6.48M	0.22%	new		Timeline
MLACMOUNTAIN LAKE ACQUISITION CO	624,612	$6.43M	0.22%	-3,388		Timeline
FACTFACT II ACQUISITION CORP	605,508	$6.25M	0.21%	-2,000		Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	554,603	$6.22M	0.21%	-7,934
RAAQREAL ASSET ACQUISITION CORP	606,137	$6.15M	0.21%	0		Timeline
COPLCOPLEY ACQUISITION CORP	597,553	$6.04M	0.2%	+142		Timeline
TVAITHAYER VENTURES ACQ CORP II	593,742	$5.96M	0.2%	new		Timeline
IPEXINFLECTION POINT ACQU CORP V	580,100	$5.94M	0.2%	-14,424		Timeline
MACIMELAR ACQUISITION CORP. I	556,374	$5.84M	0.2%	0		Timeline
RFAIRF ACQUISITION CORP II	518,917	$5.57M	0.19%	-30,653		Timeline
HDRNGIGCAPITAL7 CORP	509,827	$5.38M	0.18%	+22,140		Timeline
BCSSUBAIN CAP GSS INVT CORP	526,908	$5.32M	0.18%	new		Timeline
FIGXFIGX CAP ACQUISITION CORP.	532,135	$5.32M	0.18%	new		Timeline
NTWONEWBURY STR II ACQUISITION C	495,818	$5.14M	0.17%	-1		Timeline
CCAQCOLLECTIVE ACQUISITION CORP	498,458	$5.04M	0.17%	-1,479		Timeline
PELIPELICAN ACQUISITION CORP SHS (	500,000	$5.03M	0.17%	+17,372		Timeline
ORIQORIGIN INVT CORP I	493,321	$4.96M	0.17%	new		Timeline
RDAGREPUBLIC DIGITAL ACQUISITION	475,000	$4.85M	0.16%	-335,141		Timeline
BACCBLUE ACQUISITION CORP.	483,200	$4.83M	0.16%	new		Timeline
ALDFALDEL FINL II INC	453,582	$4.74M	0.16%	0		Timeline
CHACCRANE HARBOR ACQU CORP - A	460,098	$4.67M	0.16%	-44,161		Timeline
CHPGCHAMPIONSGATE ACQUISITION CO	450,000	$4.52M	0.15%	+25,000		Timeline
MMSIMERIT MED SYS INC	53,700	$4.47M	0.15%	new		Timeline
DTSQDT CLOUD STAR ACQUISITION CO	425,096	$4.45M	0.15%	-7,354		Timeline
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	421,738	$4.37M	0.15%	+71,638
ETSYETSY INC	65,300	$4.33M	0.15%	new		Timeline
TDACTRANSLATIONAL DEV ACQUISITIO	413,449	$4.28M	0.14%	-7,559		Timeline
QUMSUQUANTUMSPHERE ACQUISITION CO	420,542	$4.26M	0.14%	new		Timeline
GUESS? INCGUESS? INC	253,509	$4.24M	0.14%	new
APACUSTONEBRIDGE ACQUISITION II C	400,000	$3.99M	0.13%	new		Timeline
OACCOAKTREE ACQUISITION CORP III	365,100	$3.84M	0.13%	0		Timeline
PMTRPERIMETER ACQUISITION CORP I	375,187	$3.82M	0.13%	-41,141		Timeline
TAVITAVIA ACQUISITION CORP	347,776	$3.6M	0.12%	-2,225		Timeline
RDACRISING DRAGON ACQUISITION CO	340,100	$3.54M	0.12%	-7,114		Timeline
FSFGFIRST SVGS FINL GROUP INC	111,186	$3.5M	0.12%	new		Timeline
TVATEXAS VENTURES ACQUISITION I	325,000	$3.48M	0.12%	+49,900		Timeline
SAPIENS INTL CORP N V SHSSAPIENS INTL CORP N V SHS	79,866	$3.43M	0.12%	new
HANESBRANDS INCHANESBRANDS INC	510,000	$3.36M	0.11%	new
TMSLIVE OAK ACQUISITION CORP V	325,100	$3.32M	0.11%	0		Timeline
NPACNEW PROVIDENCE ACQUISITION C	321,480	$3.27M	0.11%	+13,725		Timeline
HCMAHCM III ACQUISITION CORP	300,000	$3.03M	0.1%	new		Timeline
COLACOLUMBUS ACQUISITION CORP	291,583	$2.98M	0.1%	-3,614		Timeline
CUBLIONHEART HOLDINGS	280,100	$2.94M	0.1%	0		Timeline
RACRITHM ACQUISITION CORP	284,406	$2.92M	0.1%	-5,194		Timeline
LEGTLEGATO MERGER CORP III	260,093	$2.79M	0.09%	0		Timeline
GPATGP-ACT III ACQUISITION CORP	260,100	$2.76M	0.09%	0		Timeline
WTGWINTERGREEN ACQUISITION CORP	273,454	$2.75M	0.09%	new		Timeline
LWACLIGHTWAVE ACQUISITION CORP	270,000	$2.69M	0.09%	new		Timeline
POLEANDRETTI ACQUISITION CORP II	255,144	$2.67M	0.09%	0		Timeline
SVCCSTELLAR V CAP CORP	254,076	$2.62M	0.09%	-1,024		Timeline
XRPNARMADA ACQUISITION CORP II	250,000	$2.61M	0.09%	-390,092		Timeline
NMPNMP ACQUISITION CORP	253,039	$2.51M	0.08%	new		Timeline
FVNFUTURE VISION II ACQUISITION	237,812	$2.49M	0.08%	-521		Timeline
YHNAYHN ACQUISITION I LTD	237,300	$2.48M	0.08%	0		Timeline
SIMASIM ACQUISITION CORP. I	235,100	$2.48M	0.08%	-15,000		Timeline
NHICNEWHOLD INVT CORP III	241,401	$2.46M	0.08%	0		Timeline
DYNCDYNAMIX CORP	235,012	$2.45M	0.08%	-760,087		Timeline
SVACUSPRING VY ACQUISITION CORP I	233,769	$2.4M	0.08%	new		Timeline
BANKFINANCIAL CORPBANKFINANCIAL CORP	192,541	$2.32M	0.08%	new
AEXAAMERICAN EXCEPTIONALISM ACQU	200,100	$2.19M	0.07%	new		Timeline
VACHVOYAGER ACQUISITION CORP	203,231	$2.13M	0.07%	-836		Timeline
STARRY SEA ACQUISITION CORPSTARRY SEA ACQUISITION CORP	210,000	$2.13M	0.07%	new
BRYBerry Corp	561,460	$2.12M	0.07%	new		Timeline
DAAQDIGITAL ASSET ACQUISITION CO	205,187	$2.09M	0.07%	-72,313		Timeline
PGACPANTAGES CAPITAL ACQUISITION	199,996	$2.05M	0.07%	0		Timeline
GSHRGESHER ACQUISITION CORP. II	199,955	$2.03M	0.07%	0		Timeline
WENNWEN ACQUISITION CORP	200,100	$2.02M	0.07%	new		Timeline
SZZLSIZZLE ACQUISITION CORP. II	199,124	$2.01M	0.07%	0		Timeline
PREMIER INCPREMIER INC	70,677	$1.97M	0.07%	new
LCCCLAKESHORE ACQUISITION III CO	194,438	$1.96M	0.07%	-10,002		Timeline
SOULSOULPOWER ACQUISITION CORP	193,564	$1.95M	0.07%	0		Timeline
RIBBRIBBON ACQUISITION CORP	189,895	$1.95M	0.07%	-9,019		Timeline
PCAPPROCAP ACQUISITION CORP	183,722	$1.89M	0.06%	new		Timeline
FTWEQV VENTURES ACQUISITION C-A	175,389	$1.82M	0.06%	+22,780		Timeline
HSPTHORIZON SPACE ACQUISITION II	175,099	$1.81M	0.06%	-18,369		Timeline
AFJKAIMEI HEALTH TECHNOLOGY CO L	150,099	$1.7M	0.06%	-37,056		Timeline
TELUS INTL CDA INCTELUS INTL CDA INC	374,862	$1.68M	0.06%	new
QSEAQUARTZSEA ACQUISITION CORP	163,753	$1.66M	0.06%	-1,247		Timeline
MCGAYORKVILLE ACQUISITION CORP.	141,105	$1.5M	0.05%	new		Timeline
BSAABEST SPAC I ACQUISITION CORP	149,172	$1.5M	0.05%	new		Timeline
IPCXINFLECTION PT ACQUISITION CO	148,570	$1.5M	0.05%	0		Timeline
TLNCUTALON CAP CORP	146,716	$1.47M	0.05%	new		Timeline
CAEPCANTOR EQUITY PARTNERS III I	130,914	$1.35M	0.05%	-157,840		Timeline
INFQINFLEQTION INC	101,000	$1.3M	0.04%	new		Timeline
BLZRUTRAILBLAZER ACQUISITION CORP	125,000	$1.28M	0.04%	new		Timeline
FGMCFG MERGER II CORP	125,395	$1.25M	0.04%	+474		Timeline
KVACKEEN VISION ACQUISITION CORP	100,000	$1.15M	0.04%	-90,102		Timeline
LPAALAUNCH ONE ACQUISITION CORP	102,186	$1.07M	0.04%	0		Timeline
MRLNMERLIN INC	100,000	$1.04M	0.03%	+13,605		Timeline
GUARANTY BANCSHARES INCGUARANTY BANCSHARES INC	20,625	$1M	0.03%	-58,125
GALATA ACQUISITION CORP IIGALATA ACQUISITION CORP II	100,000	$998K	0.03%	new
SPKLSPARK I ACQUISITION CORP	65,100	$757K	0.03%	-54,628		Timeline
TACHTITAN ACQUISITION CORP	66,118	$669K	0.02%	+26,001		Timeline
FCRSUFUTURECREST ACQUISITION CORP	62,390	$661K	0.02%	new		Timeline
VNMEUVENDOME ACQUISITION CORP I	63,042	$629K	0.02%	new		Timeline
TRAILBLAZER MERGER CORP ITRAILBLAZER MERGER CORP I	47,600	$556K	0.02%	0
MERIDIANLINK INCMERIDIANLINK INC	26,019	$519K	0.02%	new
CHARCHARLTON ARIA ACQUISITION CO	47,714	$494K	0.02%	0		Timeline
EVACUEQV VENTURES AC CORP. II	48,629	$487K	0.02%	new		Timeline
FRNMPERCEPTIVE CAP SOLUTIONS COR	35,074	$370K	0.01%	0		Timeline
VCICVINE HILL CAP INVT CORP.	29,517	$316K	0.01%	-3		Timeline
TONTGRAF GLOBAL CORP	25,326	$267K	0.01%	+7,222		Timeline
CCIXCHURCHILL CAPITAL CORP IX	25,000	$262K	0.01%	new		Timeline
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	209,800	$252K	0.01%	-40,197
TACOWBERTO ACQUISITION CORP	374,401	$251K	0.01%	-185,686		Timeline
IPEXRINFLECTION POINT ACQU CORP V	350,000	$210K	0.01%	-93,050		Timeline
SBXDFSILVERBOX CORP IV	20,000	$209K	0.01%	0		Timeline
ODPTHE ODP CORP	7,347	$205K	0.01%	new		Timeline
KCHVRKOCHAV DEFENSE ACQUI CO	853,013	$188K	0.01%	new		Timeline
DYNCWDYNAMIX CORP	86,835	$183K	0.01%	new		Timeline
EQV VENTURES AC CORP. IIEQV VENTURES AC CORP. II	741,173	$178K	0.01%	new
AXINRAXIOM INTELLIGENCE AC CORP 1	1,084,013	$173K	0.01%	new		Timeline
KOYNWCSLM DIGITA ASSET ACQ CORP I	399,660	$173K	0.01%	new		Timeline
OYSEROYSTER ENTERPRISES II ACQUIS	850,828	$145K	<0.01%	new		Timeline
APADRA PARADISE ACQUISITION CORP	888,745	$142K	<0.01%	new		Timeline
RDAGWREPUBLIC DIGITAL ACQUISITION	215,100	$140K	<0.01%	-184,351		Timeline
SPEGRSILVER PEGASUS ACQUISITION C	520,245	$130K	<0.01%	new		Timeline
DMAARDRUGS MADE IN AMER ACQUTN CO	588,300	$128K	<0.01%	-711,700		Timeline
CRAQRCAL REDWOOD ACQUISITION CORP	574,964	$126K	<0.01%	-469,766		Timeline
ARTIUS II ACQUISITION INCARTIUS II ACQUISITION INC	499,766	$110K	<0.01%	-271,582
EGHAREGH ACQUISITION CORP.	499,578	$105K	<0.01%	new		Timeline
GTERRGLOBA TERRA ACQUISITION COR	600,000	$90K	<0.01%	new		Timeline
CGCTWCARTESIAN GROWTH CORP III	346,286	$87K	<0.01%	-146,754		Timeline
PACHWPIONEER ACQUISITION I CORP	370,712	$82K	<0.01%	new		Timeline
BCARWD. BORAL ARC ACQ I CORP.	359,256	$79K	<0.01%	new		Timeline
DRDBWROMAN DBDR ACQUISITION CORP	146,340	$75K	<0.01%	-58,660		Timeline
BLUWWBLUE WTR ACQUISITION CORP. I	529,532	$75K	<0.01%	new		Timeline
BACCRBLUE ACQUISITION CORP.	450,200	$73K	<0.01%	new		Timeline
JENA ACQUISITION CORP IIJENA ACQUISITION CORP II	350,000	$70K	<0.01%	new
TVAIRTHAYER VENTURES ACQ CORP II	400,000	$68K	<0.01%	new		Timeline
INACRINDIGO ACQUISITION CORP	403,841	$65K	<0.01%	new		Timeline
KFIIRK&F GROWTH ACQUISITION CORP	490,400	$64K	<0.01%	-409,591		Timeline
SDHIRSIDDHI ACQUISITION CORP	300,000	$63K	<0.01%	-280,000		Timeline
RAAQWREAL ASSET ACQUISITION CORP	139,044	$63K	<0.01%	-75,952		Timeline
CCIIWCOHEN CIRCLE ACQUISIT CORP I	87,329	$61K	<0.01%	new		Timeline
PYROPHYTE ACQUISITION CORP.PYROPHYTE ACQUISITION CORP.	174,721	$59K	<0.01%	new
GIGGWGIGCAPITAL7 CORP	124,599	$56K	<0.01%	-425,400		Timeline
MCGAUYORKVILLE ACQUISITION CORP.	5,000	$55K	<0.01%	-90,000		Timeline
CHPGRCHAMPIONSGATE ACQUISITION CO	422,826	$55K	<0.01%	-2,174		Timeline
LOKVWLIVE OAK ACQUISITION CORP V	124,900	$52K	<0.01%	0		Timeline
SOCAWSOLARIUS CAPITAL ACQU CORP	199,989	$50K	<0.01%	new		Timeline
ATIIWARCHIMEDES TECH SPAC PARTNER	135,048	$47K	<0.01%	-114,890		Timeline
XRPNWARMADA ACQUISITION CORP II	50,000	$47K	<0.01%	-263,783		Timeline
GTERWGLOBA TERRA ACQUISITION COR	309,314	$45K	<0.01%	new		Timeline
HCMAWHCM III ACQUISITION CORP	62,501	$44K	<0.01%	new		Timeline
PROCAP ACQUISITION CORPPROCAP ACQUISITION CORP	4,025	$42K	<0.01%	-210,310
WENNWWEN ACQUISITION CORP	75,000	$41K	<0.01%	new		Timeline
PELIRPELICAN ACQUISITION CORP RT	170,984	$41K	<0.01%	-310,351		Timeline
HVIIRHENNESSY CAP INVT CORP VII	146,800	$40K	<0.01%	-153,200		Timeline
GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INC	209,417	$39K	<0.01%	0
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	150,000	$38K	<0.01%	-150,000
CCAQWCOLLECTIVE ACQUISITION CORP	179,984	$38K	<0.01%	-193,513		Timeline
PMTRWPERIMETER ACQUISITION CORP I	61,172	$37K	<0.01%	-137,428		Timeline
ORIQWORIGIN INVT CORP I	200,000	$36K	<0.01%	new		Timeline
FGMCRFG MERGER II CORP	80,489	$34K	<0.01%	new		Timeline
VNMEWVENDOME ACQUISITION CORP I	150,000	$30K	<0.01%	new		Timeline
OBAWWOXLEY BRIDGE ACQ LTD	175,000	$30K	<0.01%	new		Timeline
GIGCAPITAL7 CORPGIGCAPITAL7 CORP	2,481	$27K	<0.01%	-4
SZZLRSIZZLE ACQUISITION CORP. II	137,324	$25K	<0.01%	-500		Timeline
COLARCOLUMBUS ACQUISITION CORP	198,956	$24K	<0.01%	-97,287		Timeline
QSEARQUARTZSEA ACQUISITION CORP	100,000	$24K	<0.01%	-193,930		Timeline
TVACWTEXAS VENTURES ACQUISITION I	20,000	$22K	<0.01%	-79,576		Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	143,986	$22K	<0.01%	-62,873		Timeline
SOULPOWER ACQUISITION CORPSOULPOWER ACQUISITION CORP	100,000	$19K	<0.01%	-93,564
FIGXWFIGX CAP ACQUISITION CORP.	75,000	$18K	<0.01%	new		Timeline
RIBBRRIBBON ACQUISITION CORP	91,962	$18K	<0.01%	-105,736		Timeline
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	5,000	$18K	<0.01%	new
RAAQUREAL ASSET ACQUISITION CORP	1,617	$17K	<0.01%	0		Timeline
GSHRWGESHER ACQUISITION CORP. II	50,000	$16K	<0.01%	-47,945		Timeline
WINTERGREEN ACQUISITION CORPWINTERGREEN ACQUISITION CORP	99,977	$16K	<0.01%	new
COPLEY ACQUISITION CORPCOPLEY ACQUISITION CORP	75,000	$15K	<0.01%	-124,100
SVCCWSTELLAR V CAP CORP	39,418	$13K	<0.01%	-58,513		Timeline
PLMKWPLUM ACQUISITION CORP IV	49,500	$13K	<0.01%	-74,300		Timeline
FVNNRFUTURE VISION II ACQUISITION	97,431	$13K	<0.01%	-1,908		Timeline
AA MISSION ACQUISITI…AA MISSION ACQUISITION …	75,000	$12K	<0.01%	-274,673
FACTWFACT II ACQUISITION CORP	38,300	$11K	<0.01%	-59,814		Timeline
TONTUGRAF GLOBAL CORP	997	$11K	<0.01%	0		Timeline
DTSQUDT CLOUD STAR ACQUISITION CO	991	$10K	<0.01%	0		Timeline
TAVIRTAVIA ACQUISITION CORP	39,569	$8K	<0.01%	-58,380		Timeline
RFAIRRF ACQUISITION CORP II	100,000	$8K	<0.01%	-321,387		Timeline
RDACRRISING DRAGON ACQUISITION CO	50,000	$8K	<0.01%	-108,994		Timeline
TDACWTRANSLATIONAL DEV ACQUISITIO	23,900	$7K	<0.01%	-26,100		Timeline
FVNNUFUTURE VISION II ACQUISITION	672	$7K	<0.01%	0		Timeline
LIGHTWAVE ACQUISITION CORPLIGHTWAVE ACQUISITION CORP	582	$6K	<0.01%	-289,418
LAUNCH TWO ACQUISITION CORP.LAUNCH TWO ACQUISITION CORP.	385	$4K	<0.01%	0
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	295	$3K	<0.01%	+195
LEGTULEGATO MERGER CORP III	140	$2K	<0.01%	new		Timeline
LCCCRLAKESHORE ACQUISITION III CO	6,731	$1K	<0.01%	-197,709		Timeline
DAAQWDIGITAL ASSET ACQUISITION CO	2,645	$1K	<0.01%	-96,453		Timeline
INFLECTION POINT ACQUISITIONINFLECTION POINT ACQUISITION	100	$1K	<0.01%	0
POLEUANDRETTI ACQUISITION CORP II	1	$0	0%	0	Value filed as zero, left out of ratios.	Timeline
EGHAUEGH ACQUISITION CORP.	2	$0	0%	-686,891	Value filed as zero, left out of ratios.	Timeline
ANSCUAGRICULTURE & NAT SOL ACQ CO	5	$0	0%	0	Value filed as zero, left out of ratios.	Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	1	$0	0%	0	Value filed as zero, left out of ratios.

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
IBITISHARES BITCOIN TRUST ETF SHS	call	515	$309K	new
KDPKEURIG DR PEPPER INC Stock	call	1,750	$192K	new
KKELLANOVA COM	put	4,103	$172K	+152
MERUS N VMERUS N V COM	put	6,972	$108K	new
CRWVCOREWEAVE INC COM	put	808	$47K	new
89BIO INC89BIO INC COM	put	3,797	$36K	new
MR COOPER GROUP INCMR COOPER GROUP INC COM	put	304	$35K	new
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I SHS CL A	put	1,000	$18K	new
RKTROCKET COS INC COM CL A	put	2,850	$11K	new
MTSRMETSERA INC COM	put	243	$10K	new
STAASTAAR SURGICAL CO Stock	put	15	$1K	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
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0	principal	39,600,000	$49.8M	new
CABLE ONE INCCABLE ONE INC NOTE 3/1	principal	27,013,000	$26.4M	+2,479,000
SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0	principal	16,576,000	$26M	new
VERINT SYSTEMS INCVERINT SYSTEMS INC BOND	principal	25,701,000	$25.2M	new
FUBOTV INCFUBOTV INC NOTE 3.250% 2/1	principal	24,859,000	$24.6M	+560,000
FLUOR CORPFLUOR CORP NOTE 1.125% 8/1	principal	18,677,000	$22.2M	-8,392,000
MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 1/1	principal	19,500,000	$19.2M	new
DEXCOM INCDEXCOM INC NOTE 0.250%11/1	principal	19,000,000	$18.9M	new
JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD Convertible	principal	15,750,000	$18.7M	new
MKS INC.MKS INC. NOTE 1.250% 6/0	principal	14,000,000	$15.4M	+7,322,000
WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1	principal	3,091,000	$9.9M	-28,500,000
VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0	principal	7,055,000	$6.96M	new
LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible	principal	4,500,000	$4.73M	new

Sold out in Q3 2025

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

Security	Shares before	Value before	Type
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED	721,000	$243M	shares
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC	4,107,199	$193M	shares
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP	1,331,300	$171M	shares
DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC	17,804,631	$162M	shares
SKXSKECHERS U S A INC	2,393,675	$151M	shares
AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC	109,035,000	$109M	principal
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW	3,792,074	$97.6M	shares
AZEK CO INCAZEK CO INC	1,706,849	$92.6M	shares
MAG SILVER CORPMAG SILVER CORP	4,308,334	$91M	shares
EVERI HLDGS INCEVERI HLDGS INC	5,760,076	$82.1M	shares
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION	2,464,373	$61.2M	shares
REDFIN CORPREDFIN CORP	4,832,138	$54.3M	shares
WIX COM LTDWIX COM LTD	52,592,000	$52.2M	principal
JUNIPER NETWORKS INCJUNIPER NETWORKS INC	1,100,000	$43.9M	shares
PLAYAGS INCPLAYAGS INC	3,451,287	$43.1M	shares
E2OPEN PARENT HOLDINGS INCE2OPEN PARENT HOLDINGS INC	13,229,511	$42.7M	shares
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP	22,170,000	$26.2M	principal
VIGIL NEUROSCIENCE INCVIGIL NEUROSCIENCE INC	3,012,068	$23.9M	shares
EQXEQUINOX GOLD CORP	3,675,732	$21.3M	shares
GLOBAL PMTS INCGLOBAL PMTS INC	21,750,000	$19.4M	principal
INOZYME PHARMA INCINOZYME PHARMA INC	4,330,220	$17.3M	shares
OYSTER ENTERPRISES II ACQUISOYSTER ENTERPRISES II ACQUIS	1,499,883	$15.2M	shares
UBERUBER TECHNOLOGIES INC	160,700	$15M	shares
FYBRFRONTIER COMMUNICATIONS PARE	401,432	$14.6M	shares
AXINUAXIOM INTELLIGENCE AC CORP 1	1,202,000	$12.1M	shares
FOOT LOCKER INCFOOT LOCKER INC	489,352	$12M	shares
BURLINGTON STORES INCBURLINGTON STORES INC	8,914,000	$11.5M	principal
BRIDGE INVT GROUP HLDGS INCBRIDGE INVT GROUP HLDGS INC	1,136,733	$11.4M	shares
SEAGATE HDD CAYMANSEAGATE HDD CAYMAN	6,000,000	$10.8M	principal
PACHUPIONEER ACQUISITION I CORP	1,061,027	$10.6M	shares
BLUWUBLUE WTR ACQUISITION CORP. I	1,059,615	$10.6M	shares
KCHVUKOCHAV DEFENSE ACQUI CO	980,000	$9.97M	shares
NV5 HOLDINGS, INCNV5 HOLDINGS, INC	424,696	$9.81M	shares
JENAUJENA ACQUISITION CORP II	898,063	$9.23M	shares
OXLEY BRIDGE ACQ LTDOXLEY BRIDGE ACQ LTD	900,515	$9.01M	shares
ARES ACQUISITION CORP IIARES ACQUISITION CORP II	655,864	$7.43M	shares
GUILD HLDGS COGUILD HLDGS CO	348,404	$6.89M	shares
SITIO ROYALTIES CORPSITIO ROYALTIES CORP	340,341	$6.25M	shares
TVAIUTHAYER VENTURES ACQ CORP II	593,892	$6.03M	shares
GMS INCGMS INC	51,400	$5.59M	shares
FIGX CAP ACQUISITION CORP.FIGX CAP ACQUISITION CORP.	513,166	$5.14M	shares
BACCUBLUE ACQUISITION CORP.	502,000	$5.04M	shares
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	474,900	$4.89M	shares
WENNUWEN ACQUISITION CORP	444,776	$4.7M	shares
AMEDISYS INCAMEDISYS INC	44,669	$4.39M	shares
SAGE THERAPEUTICS INCSAGE THERAPEUTICS INC	441,108	$4.02M	shares
GEN DIGITAL INCGEN DIGITAL INC	396,507	$3.18M	shares
FSHPFLAG SHIP ACQUISITION CORP	293,297	$3.05M	shares
WTGUUWINTERGREEN ACQUISITION CORP	300,143	$3.03M	shares
CHENGHE ACQUISITION II COCHENGHE ACQUISITION II CO	288,846	$3.02M	shares
LUMENTUM HLDGS INCLUMENTUM HLDGS INC	1,349,000	$2.07M	principal
BSAAUBEST SPAC I ACQUISITION CORP	150,000	$1.51M	shares
BKHABLACK HAWK ACQUISITION CORP	131,243	$1.39M	shares
CEPTCANTOR EQUITY PARTNERS II IN	87,600	$966K	shares
EURKEUREKA ACQUISITION CORP	92,194	$961K	shares
EMBRACE CHANGE ACQUISITN COREMBRACE CHANGE ACQUISITN COR	79,771	$947K	shares
ALPHAVEST ACQUISITION CORPALPHAVEST ACQUISITION CORP	80,013	$941K	shares
VERVE THERAPEUTICS INCVERVE THERAPEUTICS INC	82,842	$930K	shares
TripAdvisor IncTripAdvisor Inc	750,000	$720K	principal
CEPOCANTOR EQUITY PARTNERS I INC	36,100	$430K	shares
SCHNITZER STEEL INDUSTRIES …SCHNITZER STEEL INDUSTRIES INC	12,546	$372K	shares
RTACRENATUS TACTICAL ACQUIS	25,000	$295K	shares
GTENWGORES HLDGS X INC	249,592	$147K	shares
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	14,500	$99K	shares
NPACWNEW PROVIDENCE ACQUISITION C	103,331	$65K	shares
FERARFIFTH ERA ACQUISITION CORP I	190,000	$48K	shares
CRANE HBR ACQUISITION CORPCRANE HBR ACQUISITION CORP	150,000	$41K	shares
YHNARYHN ACQUISITION I LTD	230,428	$38K	shares
DTSQRDT CLOUD STAR ACQUISITION CO	312,082	$34K	shares
SCHNITZER STEEL INDUSTRIES …SCHNITZER STEEL INDUSTRIES INC	353	$28K	put
HSPTRHORIZON SPACE ACQUISITION II	193,469	$27K	shares
SKXSKECHERS U S A INC	2,058	$24K	call
RACWSRITHM ACQUISITION CORP	50,000	$24K	shares
NHICWNEWHOLD INVT CORP III	74,997	$24K	shares
FSHPRFLAG SHIP ACQUISITION CORP	173,567	$23K	shares
RTACWRENATUS TACTICAL ACQUIS	9,998	$20K	shares
PGACRPANTAGES CAPITAL ACQUISITION	101,340	$16K	shares
DYCQRDT CLOUD ACQUISITION CORP RT 0	86,985	$15K	shares
HIMSHIMS & HERS HEALTH INC	500	$14K	put
IPCXRINFLECTION PT ACQUISITION CO	25,000	$9K	shares
AFJKRAIMEI HEALTH TECHNOLOGY CO L	38,931	$9K	shares
FYBRFRONTIER COMMUNICATIONS PARE	161	$8K	put
EURKREUREKA ACQUISITION CORP	34,723	$8K	shares
TACHWTITAN ACQUISITION CORP	20,058	$7K	shares
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW	57	$6K	put
Chenghe Acquisition II CoChenghe Acquisition II Co	34,236	$3K	shares
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC	10	$0	put

How Q3 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 0001076809-25-000131	base		2025-11-13	acceptance time not in the bulk data set	2026-10-07 03:02:25 UTC