Linden Advisors LP

13F filer, CIK 1279396, New York, NY

Linden Advisors LP reported $16,290,614,416 across 376 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 23.11% of the portfolio.

Filed 2025-08-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0000950123-25-008124

Period: 2025-06-30
Reported value: $16.3B
Holdings: 376
Top 10 weight: 23.11%
New: 131
Sold out: 62

Part of the filer group Linden Advisors LP

Linden GP LLCSiu Min Wong +1 other

Linden GP LLC
Siu Min Wong
Linden Capital L.P.

How groups are built

Stakes and trades reported after 2025-06-30

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.

Southport Acquisition Corp. II: 13G 1,500,000 shares, 6.9% of the class, 13G filed 2026-10-07, 0001193125-26-416970
Accepted 2026-10-07 20:11:46 UTC, ingested 2026-10-07 20:25:31 UTC
NHIV NEWHOLD INVTS CORP IV: 13G 1,284,999 shares, 6.2% of the class, 13G filed 2026-09-28, 0001193125-26-404422 Timeline
Accepted 2026-09-28 16:14:01 UTC, ingested 2026-10-06 10:11:52 UTC

Largest buys vs the previous quarter

Security	Shares change	Approx. value
NETnew	+248,523	$48.7M
WECnew	+235,404	$24.5M
CYBERARK SOFTWARE LTD/ISRAELnew	+59,291	$24.1M
DUKnew	+161,120	$19M
TVAIUnew	+1,750,000	$17.8M

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
MCHPexited	-825,500	-$40M
CORZWreduced	-2,278,887	-$24.7M
RACUexited	-1,100,000	-$11.1M
LOKVUexited	-1,100,000	-$11.1M
AACBUexited	-1,000,000	-$10.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0000950123-25-008124, largest first. % of portfolio is the value over $16,290,614,416, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
NETCLOUDFLARE INC	248,523	$48.7M	0.3%	new	Timeline
FTWEQV VENTURES ACQUISITION C-A	3,165,000	$33.3M	0.2%	0	Timeline
CORZWCORE SCIENTIFIC INC NEW	2,813,335	$30.5M	0.19%	-2,278,887	Timeline
ARES ACQUISITION CORP IIARES ACQUISITION CORP II	2,200,000	$24.9M	0.15%	0
WECWEC ENERGY GROUP INC	235,404	$24.5M	0.15%	new	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	59,291	$24.1M	0.15%	new
SBXDFSILVERBOX CORP IV	2,000,000	$21.9M	0.13%	0	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	1,950,000	$21.6M	0.13%	-50,000
DUKDUKE ENERGY CORP NEW	161,120	$19M	0.12%	new	Timeline
TVAIUTHAYER VENTURES ACQ CORP II	1,750,000	$17.8M	0.11%	new	Timeline
IPCXINFLECTION PT ACQUISITION CO	1,590,000	$16.3M	0.1%	new	Timeline
TONTGRAF GLOBAL CORP	1,500,000	$15.7M	0.1%	0	Timeline
PMTRPERIMETER ACQUISITION CORP I	1,500,000	$15.3M	0.09%	new	Timeline
CNPCENTERPOINT ENERGY INC	401,400	$14.7M	0.09%	new	Timeline
KCHVUKOCHAV DEFENSE ACQUI CO	1,400,000	$14.2M	0.09%	new	Timeline
RDAGREPUBLIC DIGITAL ACQUISITION	1,325,023	$13.6M	0.08%	new	Timeline
TACOBERTO ACQUISITION CORP	1,250,000	$13M	0.08%	new	Timeline
KFIIK&F GROWTH ACQUISITION CORP	1,250,000	$12.7M	0.08%	0	Timeline
GTENGORES HLDGS X INC	1,225,000	$12.6M	0.08%	new	Timeline
ONENHENNESSY CAP INVT CORP VII	1,213,732	$12.3M	0.08%	0	Timeline
EGHAUEGH ACQUISITION CORP.	1,200,000	$12.2M	0.08%	new	Timeline
NPACNEW PROVIDENCE ACQUISITION C	1,200,000	$12.2M	0.07%	new	Timeline
CCIXCHURCHILL CAPITAL CORP IX	1,150,000	$12.1M	0.07%	+750,000	Timeline
TACHTITAN ACQUISITION CORP	1,200,000	$12.1M	0.07%	new	Timeline
BEAGBOLD EAGLE ACQUISITION CORP	1,150,000	$12M	0.07%	+350,000	Timeline
TMSLIVE OAK ACQUISITION CORP V	1,100,000	$11.8M	0.07%	new	Timeline
SBSWSIBANYE STILLWATER LTD	1,570,808	$11.3M	0.07%	+1,404,199	Timeline
RACRITHM ACQUISITION CORP	1,100,000	$11.2M	0.07%	new	Timeline
DYNCDYNAMIX CORP	1,100,000	$11.2M	0.07%	0	Timeline
COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR	1,017,450	$11.2M	0.07%	+19,450
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	1,000,000	$11.1M	0.07%	0
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	998,000	$10.8M	0.07%	0
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	1,000,000	$10.6M	0.07%	new
ALFCENTURION ACQUISITION CORP	1,000,000	$10.6M	0.06%	new	Timeline
LPBBLAUNCH TWO ACQUISITION CORP.	998,000	$10.4M	0.06%	0	Timeline
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	1,000,000	$10.3M	0.06%	new
ATIIARCHIMEDES TECH SPAC PARTNER	1,000,000	$10.2M	0.06%	new	Timeline
PROCAP ACQUISITION CORPPROCAP ACQUISITION CORP	950,000	$10.2M	0.06%	new
OYSTER ENTERPRISES II ACQUISOYSTER ENTERPRISES II ACQUIS	1,000,000	$10.1M	0.06%	new
AACBARTIUS II ACQUISITION INC	1,000,000	$10.1M	0.06%	new	Timeline
TVATEXAS VENTURES ACQUISITION I	1,000,000	$10.1M	0.06%	new	Timeline
HYACHAYMAKER ACQUISITION CORP IV	900,000	$9.99M	0.06%	0	Timeline
ALDFALDEL FINL II INC	950,000	$9.97M	0.06%	0	Timeline
LUCID GROUP INCLUCID GROUP INC	4,684,700	$9.88M	0.06%	new
WENNUWEN ACQUISITION CORP	900,000	$9.54M	0.06%	new	Timeline
NTWONEWBURY STR II ACQUISITION C	900,000	$9.26M	0.06%	0	Timeline
BLUWUBLUE WTR ACQUISITION CORP. I	900,000	$9M	0.06%	new	Timeline
MLACMOUNTAIN LAKE ACQUISITION CO	875,000	$8.98M	0.06%	0	Timeline
JACSJACKSON ACQUISITION CO II	800,000	$8.24M	0.05%	0	Timeline
JENAUJENA ACQUISITION CORP II	800,000	$8.22M	0.05%	new	Timeline
SDHISIDDHI ACQUISITION CORP	800,000	$8.08M	0.05%	new	Timeline
XRPNARMADA ACQUISITION CORP II	800,000	$8.02M	0.05%	new	Timeline
NTNXNUTANIX INC	103,193	$7.89M	0.05%	new	Timeline
DDOGDATADOG INC	57,800	$7.76M	0.05%	new	Timeline
MRLNMERLIN INC	750,000	$7.75M	0.05%	0	Timeline
PACHUPIONEER ACQUISITION I CORP	750,000	$7.51M	0.05%	new	Timeline
FACCARTESIAN GROWTH CORP III	750,000	$7.5M	0.05%	new	Timeline
BACCUBLUE ACQUISITION CORP.	725,000	$7.28M	0.04%	new	Timeline
PLMKPLUM ACQUISITION CORP IV	700,000	$7.21M	0.04%	0	Timeline
SVCCSTELLAR V CAP CORP	700,000	$7.16M	0.04%	0	Timeline
CEPOCANTOR EQUITY PARTNERS I INC	600,000	$7.14M	0.04%	0	Timeline
LIGHTWAVE ACQUISITION CORPLIGHTWAVE ACQUISITION CORP	700,000	$7.04M	0.04%	new
CRAQCAL REDWOOD ACQUISITION CORP	700,000	$6.98M	0.04%	new	Timeline
NHICNEWHOLD INVT CORP III	675,000	$6.86M	0.04%	new	Timeline
CMSCMS ENERGY CORP	97,500	$6.75M	0.04%	new	Timeline
AXINUAXIOM INTELLIGENCE AC CORP 1	650,000	$6.57M	0.04%	new	Timeline
OACCOAKTREE ACQUISITION CORP III	600,000	$6.29M	0.04%	0	Timeline
TDACTRANSLATIONAL DEV ACQUISITIO	600,000	$6.18M	0.04%	0	Timeline
SZZLSIZZLE ACQUISITION CORP. II	600,000	$6.03M	0.04%	new	Timeline
ANSCAGRICULTURE & NAT SOL ACQ CO	500,000	$5.42M	0.03%	0	Timeline
CAEPCANTOR EQUITY PARTNERS III I	500,000	$5.28M	0.03%	new	Timeline
DRDBROMAN DBDR ACQUISITION CORP	500,000	$5.16M	0.03%	0	Timeline
RANGRANGE CAP ACQUISITION CORP	500,000	$5.14M	0.03%	0	Timeline
FERAFIFTH ERA ACQUISITION CORP I	500,000	$5.08M	0.03%	new	Timeline
GSHRGESHER ACQUISITION CORP. II	500,000	$5.08M	0.03%	new	Timeline
SOULSOULPOWER ACQUISITION CORP	500,000	$5.02M	0.03%	new	Timeline
OXLEY BRIDGE ACQ LTDOXLEY BRIDGE ACQ LTD	500,000	$5M	0.03%	new
LEGTLEGATO MERGER CORP III	450,000	$4.81M	0.03%	0	Timeline
VCICVINE HILL CAP INVT CORP.	450,000	$4.68M	0.03%	0	Timeline
USA RARE EARTH INCUSA RARE EARTH INC	1,889,011	$4.47M	0.03%	-583,579
CEPTCANTOR EQUITY PARTNERS II IN	400,000	$4.41M	0.03%	new	Timeline
SNOWSNOWFLAKE INC	19,700	$4.41M	0.03%	new	Timeline
WLACWILLOW LANE ACQUISITION CORP	425,000	$4.35M	0.03%	0	Timeline
WTGUUWINTERGREEN ACQUISITION CORP	400,000	$4.03M	0.02%	new	Timeline
CHACCRANE HARBOR ACQU CORP - A	400,000	$4.03M	0.02%	new	Timeline
AURAURORA INNOVATION INC	767,161	$4.02M	0.02%	new	Timeline
PPLPPL CORP	110,400	$3.74M	0.02%	new	Timeline
PELIPELICAN ACQUISITION CORP SHS (	370,000	$3.7M	0.02%	new	Timeline
SPKLSPARK I ACQUISITION CORP	300,000	$3.27M	0.02%	0	Timeline
DAAQDIGITAL ASSET ACQUISITION CO	311,840	$3.26M	0.02%	new	Timeline
POLEANDRETTI ACQUISITION CORP II	300,000	$3.11M	0.02%	0	Timeline
FACTFACT II ACQUISITION CORP	300,000	$3.1M	0.02%	0	Timeline
RAAQREAL ASSET ACQUISITION CORP	300,000	$3.05M	0.02%	new	Timeline
IPEXINFLECTION POINT ACQU CORP V	300,000	$3.04M	0.02%	0	Timeline
MCGAUYORKVILLE ACQUISITION CORP.	250,000	$2.81M	0.02%	new	Timeline
TAVITAVIA ACQUISITION CORP	250,000	$2.57M	0.02%	0	Timeline
CRMLCRITICAL METALS CORP	625,000	$2.24M	0.01%	0	Timeline
CHPGCHAMPIONSGATE ACQUISITION CO	200,000	$2M	0.01%	new	Timeline
ARES ACQUISITION CORP II-28ARES ACQUISITION CORP II-28	1,755,761	$1.97M	0.01%	+583,562
CHTRCHARTER COMMUNICATIONS INC	4,499	$1.84M	0.01%	new	Timeline
RTACRENATUS TACTICAL ACQUIS	150,000	$1.77M	0.01%	new	Timeline
QSEAQUARTZSEA ACQUISITION CORP	175,000	$1.76M	0.01%	new	Timeline
CBRLCRACKER BARREL OLD CTRY STOR	27,624	$1.69M	0.01%	new	Timeline
MMSIMERIT MED SYS INC	17,300	$1.62M	0.01%	new	Timeline
ARCHER AVIATION INCARCHER AVIATION INC	494,721	$1.6M	0.01%	new
FIGX CAP ACQUISITION CORP.FIGX CAP ACQUISITION CORP.	150,000	$1.5M	0.01%	new
PNWPINNACLE WEST CAP CORP	13,500	$1.21M	0.01%	new	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	500,000	$1.18M	0.01%	0
CCIXWCHURCHILL CAPITAL CORP IX	1,121,356	$1.09M	0.01%	+921,356	Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	2,250,000	$1.07M	0.01%	0
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	142,571	$978K	0.01%	0
MNSOMINISO GROUP HLDG LTD	50,590	$922K	0.01%	-34,101	Timeline
COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION …	482,666	$912K	0.01%	0
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	500,000	$910K	0.01%	new
CNCKCOINCHECK GROUP NV	157,170	$860K	0.01%	0	Timeline
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	1,055,000	$770K	<0.01%	0
SILVERBOX CORP IVSILVERBOX CORP IV	666,667	$767K	<0.01%	0
BACQRINFLECTION PT ACQUISITION CORP	2,275,000	$737K	<0.01%	0	Timeline
FLDDWFOLD HLDGS INC	1,000,000	$695K	<0.01%	0	Timeline
IPCXRINFLECTION PT ACQUISITION CO	1,690,000	$676K	<0.01%	new	Timeline
PMTRWPERIMETER ACQUISITION CORP I	850,000	$584K	<0.01%	new	Timeline
TACOWBERTO ACQUISITION CORP	744,699	$510K	<0.01%	new	Timeline
SDHIRSIDDHI ACQUISITION CORP	2,000,000	$470K	<0.01%	new	Timeline
RDAGWREPUBLIC DIGITAL ACQUISITION	662,511	$457K	<0.01%	new	Timeline
ALVOWALVOTECH	252,884	$453K	<0.01%	0	Timeline
HVIIRHENNESSY CAP INVT CORP VII	1,443,732	$448K	<0.01%	+230,000	Timeline
SZZLRSIZZLE ACQUISITION CORP. II	2,414,026	$447K	<0.01%	new	Timeline
DAAQWDIGITAL ASSET ACQUISITION CO	518,875	$441K	<0.01%	new	Timeline
CNCKWCOINCHECK GROUP NV	456,286	$440K	<0.01%	0	Timeline
BULLWWEBULL CORP	108,000	$435K	<0.01%	new	Timeline
CRMLWCRITICAL METALS CORP	877,989	$401K	<0.01%	0	Timeline
SOULPOWER ACQUISITION CORPSOULPOWER ACQUISITION CORP	1,754,801	$377K	<0.01%	new
LOKVWLIVE OAK ACQUISITION CORP V	549,999	$377K	<0.01%	new	Timeline
CRANE HBR ACQUISITION CORPCRANE HBR ACQUISITION CORP	1,400,000	$371K	<0.01%	new
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	1,300,000	$358K	<0.01%	0
ARTIUS II ACQUISITION INCARTIUS II ACQUISITION INC	1,375,000	$344K	<0.01%	new
AISPWAIRSHIP AI HLDGS INC	162,704	$324K	<0.01%	0	Timeline
PGACRPANTAGES CAPITAL ACQUISITION	1,500,000	$308K	<0.01%	0	Timeline
RANGRRANGE CAP ACQUISITION CORP	1,487,022	$290K	<0.01%	+450,000	Timeline
KFIIRK&F GROWTH ACQUISITION CORP	1,850,000	$268K	<0.01%	0	Timeline
ALDFWALDEL FINL II INC	475,000	$244K	<0.01%	0	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	800,000	$244K	<0.01%	0	Timeline
TACHWTITAN ACQUISITION CORP	600,000	$231K	<0.01%	new	Timeline
NPACWNEW PROVIDENCE ACQUISITION C	400,000	$224K	<0.01%	new	Timeline
GRAF GLOBAL CORPGRAF GLOBAL CORP	750,000	$214K	<0.01%	0
DYNCWDYNAMIX CORP	550,001	$212K	<0.01%	0	Timeline
LPBBWLAUNCH TWO ACQUISITION CORP.	499,000	$210K	<0.01%	0	Timeline
TVACWTEXAS VENTURES ACQUISITION I	750,000	$195K	<0.01%	new	Timeline
CRAQRCAL REDWOOD ACQUISITION CORP	700,000	$191K	<0.01%	new	Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	1,175,000	$188K	<0.01%	+300,000	Timeline
XRPNWARMADA ACQUISITION CORP II	681,000	$187K	<0.01%	new	Timeline
GTENWGORES HLDGS X INC	306,249	$184K	<0.01%	new	Timeline
ATIIWARCHIMEDES TECH SPAC PARTNER	499,999	$180K	<0.01%	new	Timeline
RACWSRITHM ACQUISITION CORP	366,666	$172K	<0.01%	new	Timeline
DMY SQUARED TECHNOLOGY GROUPDMY SQUARED TECHNOLOGY GROUP	93,669	$170K	<0.01%	0
NHICWNEWHOLD INVT CORP III	337,499	$164K	<0.01%	new	Timeline
RTACWRENATUS TACTICAL ACQUIS	75,000	$152K	<0.01%	new	Timeline
CDROWCODERE ONLINE LUXEMBOURG S A	144,407	$144K	<0.01%	0	Timeline
TGEWSGENERATION ESSENTIALS GROUP	301,207	$143K	<0.01%	new	Timeline
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	450,001	$137K	<0.01%	0
FERARFIFTH ERA ACQUISITION CORP I	500,000	$135K	<0.01%	new	Timeline
MRNOWMURANO GLOBAL INVT PLC	749,999	$130K	<0.01%	0	Timeline
PELIRPELICAN ACQUISITION CORP RT	670,000	$124K	<0.01%	new	Timeline
NTWOWNEWBURY STR II ACQUISITION C	525,000	$121K	<0.01%	+75,000	Timeline
GPATWGP-ACT III ACQUISITION CORP	360,400	$114K	<0.01%	0	Timeline
OACCWOAKTREE ACQUISITION CORP III	120,000	$105K	<0.01%	0	Timeline
ALPHAVEST ACQUISITION CORPALPHAVEST ACQUISITION CORP	300,000	$102K	<0.01%	0
CGCTWCARTESIAN GROWTH CORP III	374,999	$99.4K	<0.01%	new	Timeline
CRGOWFREIGHTOS LTD	487,500	$97.2K	<0.01%	0	Timeline
SOUTHLAND HLDGS INCSOUTHLAND HLDGS INC	399,999	$95.2K	<0.01%	0
SVCCWSTELLAR V CAP CORP	350,000	$94.7K	<0.01%	0	Timeline
TDACWTRANSLATIONAL DEV ACQUISITIO	299,999	$92.5K	<0.01%	0	Timeline
NIOBWNIOCORP DEVS LTD	194,210	$92.2K	<0.01%	0	Timeline
IPEXRINFLECTION POINT ACQU CORP V	300,000	$85.5K	<0.01%	0	Timeline
WLACWWILLOW LANE ACQUISITION CORP	212,500	$82.9K	<0.01%	0	Timeline
DRDBWROMAN DBDR ACQUISITION CORP	150,000	$78.8K	<0.01%	0	Timeline
ANSCWAGRICULTURE & NAT SOL ACQ CO	499,999	$75K	<0.01%	0	Timeline
PLMKWPLUM ACQUISITION CORP IV	350,000	$74.1K	<0.01%	0	Timeline
TALKWTALKSPACE INC	1,071,902	$72.4K	<0.01%	0	Timeline
GSHRWGESHER ACQUISITION CORP. II	249,999	$70.3K	<0.01%	new	Timeline
MAXNQMAXEON SOLAR TECHNOLOGIES LT	22,775	$69.7K	<0.01%	0	Timeline
RAAQWREAL ASSET ACQUISITION CORP	150,000	$68.2K	<0.01%	new	Timeline
VCICWVINE HILL CAP INVT CORP.	224,999	$59.6K	<0.01%	0	Timeline
PSQ HOLDINGS INCPSQ HOLDINGS INC	275,024	$57.8K	<0.01%	0
ISLWFISRAEL ACQUISITIONS CORP WT EX	250,000	$57.7K	<0.01%	0	Timeline
LEGATO MERGER CORP IIILEGATO MERGER CORP III	224,999	$56.8K	<0.01%	0
LIMNWLIMINATUS PHARMA INC.	268,199	$56.3K	<0.01%	new	Timeline
BOWEN ACQUISITION CORPBOWEN ACQUISITION CORP	250,000	$53.2K	<0.01%	0
QSEARQUARTZSEA ACQUISITION CORP	175,000	$52.5K	<0.01%	new	Timeline
EGHAREGH ACQUISITION CORP.	217,000	$48.8K	<0.01%	new	Timeline
AIRJWAIRJOULE TECHNOLOGIES CORP	79,845	$48.4K	<0.01%	0	Timeline
TAVIRTAVIA ACQUISITION CORP	250,000	$44.4K	<0.01%	0	Timeline
XBP GLOBAL HOLDINGS INCXBP GLOBAL HOLDINGS INC	1,040,133	$43.8K	<0.01%	0
TVGNWTEVOGEN INC	649,999	$42.2K	<0.01%	0	Timeline
FACTWFACT II ACQUISITION CORP	149,999	$41.2K	<0.01%	0	Timeline
Spring Valley Acquisition C…Spring Valley Acquisition Corp II	299,999	$40.7K	<0.01%	0
ASBPWASPIRE-LAKEWOOD HOLDINGS INC	899,999	$40.5K	<0.01%	0	Timeline
BDMDWBAIRD MED INVT HLDGS LTD	435,179	$35.9K	<0.01%	0	Timeline
POLEWANDRETTI ACQUISITION CORP II	150,000	$35.2K	<0.01%	0	Timeline
GCLWWGCL GLOBAL HLDGS LTD	375,000	$33.5K	<0.01%	0	Timeline
SCAGWSCAGE FUTURE	318,749	$28.7K	<0.01%	new	Timeline
ALCWFALCHEMY INVTS ACQUISITN CORP	249,999	$28.2K	<0.01%	0	Timeline
CELULARITY INCCELULARITY INC	550,119	$27.5K	<0.01%	0
SPKLWSPARK I ACQUISITION CORP	150,000	$26.5K	<0.01%	0	Timeline
HPAIWHELPORT AI LTD	133,265	$25.1K	<0.01%	0	Timeline
LEMONADE INCLEMONADE INC	324,359	$25K	<0.01%	0
ABVWFABOVE FOOD INGREDIENTS INC	466,193	$24.1K	<0.01%	0	Timeline
VSEEWVSEE HEALTH INC	500,000	$23.4K	<0.01%	0	Timeline
CHPGRCHAMPIONSGATE ACQUISITION CO	200,000	$22K	<0.01%	new	Timeline
DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) …	75,000	$21.8K	<0.01%	0
LANVIN GROUP HOLDINGS LIMITELANVIN GROUP HOLDINGS LIMITE	1,138,687	$21.5K	<0.01%	0
AMBWQAMBIPAR EMERGENCY RESPONSE WT	123,683	$21.1K	<0.01%	0	Timeline
ZOOZWZOOZ STRATEGY LTD	254,999	$14.7K	<0.01%	0	Timeline
SLXNWSILEXION THERAPEUTICS CORP	337,500	$14K	<0.01%	0	Timeline
RDZNWROADZEN INC	249,999	$13K	<0.01%	0	Timeline
NVNIWNVNI GROUP LIMITED	249,999	$12.9K	<0.01%	0	Timeline
ABPWWABPRO HLDGS INC WT EXP 11/12/2	499,999	$11.6K	<0.01%	0	Timeline
LONGEVITY HEALTH HLDGS INCLONGEVITY HEALTH HLDGS INC	371,248	$9.95K	<0.01%	0
ESHARESH ACQUISITION CORP	100,000	$9.88K	<0.01%	0	Timeline
MOOLEC SCIENCE SAMOOLEC SCIENCE SA	594,637	$8.62K	<0.01%	0
Distoken Acquisition CorpDistoken Acquisition Corp	74,135	$8.15K	<0.01%	0
PARAWBANZAI INTERNATIONAL INC	335,465	$7.65K	<0.01%	0	Timeline
WTS PHOENIX BIOTECH ACQUISI…WTS PHOENIX BIOTECH ACQUISITIO	249,999	$5.72K	<0.01%	0
CPTWFCAPTIVISION INC	249,999	$5.22K	<0.01%	0	Timeline
ICUCWSEASTAR MEDICAL HOLDING CORP	218,073	$4.41K	<0.01%	0	Timeline
REVBWREVELATION BIOSCIENCES INC	338,110	$4K	<0.01%	0	Timeline
UCOMMUNE INTERNATIONAL LTDUCOMMUNE INTERNATIONAL LTD	207,680	$1.56K	<0.01%	0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

The largest 100 of 149. All 149

Security	Type	Amount	Value	Change
STRATEGY INCSTRATEGY INC NOTE 0.625% 3/1	principal	274,640,000	$765M	+6,700,000
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0	principal	384,176,000	$503M	+45,240,000
TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1	principal	362,635,000	$402M	new
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0	principal	362,108,000	$378M	-31,025,000
LI AUTO INCLI AUTO INC NOTE 0.250% 5/0	principal	271,707,000	$323M	+17,312,000
ZTO EXPRESS CAYMAN INCZTO EXPRESS CAYMAN INC NOTE 1.500% 9/0	principal	324,304,000	$323M	+108,439,000
TRANSMEDICS GROUP INCTRANSMEDICS GROUP INC NOTE 1.500% 6/0	principal	181,374,000	$291M	+5,500,000
SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1	principal	278,210,000	$290M	+13,300,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1	principal	242,826,000	$251M	+74,000
MAKEMYTRIP LIMITED MAURITIUSMAKEMYTRIP LIMITED MAURITIUS NOTE 2/1	principal	93,255,000	$238M	+494,000
DRAFTKINGS INC NEWDRAFTKINGS INC NEW CNV	principal	243,873,000	$219M	-12,889,000
PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 5.500%12/0	principal	117,950,000	$216M	new
MKS INC.MKS INC. NOTE 1.250% 6/0	principal	217,136,000	$215M	new
STRATEGY INCSTRATEGY INC NOTE 2.250% 6/1	principal	98,959,000	$213M	new
SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1	principal	284,547,000	$209M	+131,441,000
IRHYTHM HOLDINGS INCIRHYTHM HOLDINGS INC NOTE 1.500% 9/0	principal	156,346,000	$200M	-22,500,000
ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond	principal	154,747,000	$194M	-14,500,000
FIVE9 INCFIVE9 INC CNV	principal	221,411,000	$194M	-4,275,000
SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0	principal	133,664,000	$192M	+6,780,000
CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0	principal	175,652,000	$187M	+2,000,000
STRATEGY INCSTRATEGY INC NOTE 0.875% 3/1	principal	98,404,000	$185M	+8,624,000
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1	principal	186,841,000	$178M	+37,179,000
GRANITE CONSTR INCGRANITE CONSTR INC NOTE 3.250% 6/1	principal	128,347,000	$176M	new
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	147,425,000	$173M	-697,000
VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1	principal	192,690,000	$173M	+36,030,000
HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 2.500% 6/0	principal	163,707,000	$163M	new
CONFLUENT INCCONFLUENT INC NOTE 1/1	principal	171,645,000	$160M	-145,300,000
ITRON INCITRON INC NOTE 1.375% 7/1	principal	133,316,000	$159M	new
BLOOM ENERGY CORPBLOOM ENERGY CORP NOTE 3.000% 6/0	principal	108,816,000	$154M	new
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0	principal	163,997,000	$150M	+28,572,000
RAPID7 INCRAPID7 INC NOTE 0.250% 3/1	principal	157,312,000	$145M	0
MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1	principal	155,299,000	$145M	-3,600,000
PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0	principal	123,950,000	$144M	+1,950,000
ETSY INCETSY INC NOTE 0.125% 9/0	principal	160,328,000	$144M	-2,500,000
H WORLD GROUP LTDH WORLD GROUP LTD Convertible bond	principal	134,142,000	$142M	+18,991,000
DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV	principal	151,166,000	$141M	+1,769,000
BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible	principal	148,048,000	$139M	+11,250,000
STRIDE INCSTRIDE INC NOTE 1.125% 9/0	principal	48,554,000	$135M	0
BLOOM ENERGY CORPBLOOM ENERGY CORP Bond	principal	89,648,000	$133M	-4,500,000
CONMED CORPCONMED CORP NOTE 2.250% 6/1	principal	139,675,000	$133M	-1,100,000
IMPINJ INCIMPINJ INC NOTE 1.125% 5/1	principal	104,399,000	$130M	+8,179,000
ETSY INCETSY INC NOTE 0.250% 6/1	principal	148,500,000	$128M	+4,000,000
CAMTEK LTDCAMTEK LTD BOND	principal	82,907,000	$128M	0
INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0	principal	43,457,000	$127M	0
SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT CO Convertible	principal	87,400,000	$123M	+20,400,000
COLLEGIUM PHARMACEUTICAL INCCOLLEGIUM PHARMACEUTICAL INC NOTE 2.875% 2/1	principal	112,550,000	$121M	0
LYFT INCLYFT INC Convertible	principal	112,566,000	$121M	-15,546,000
MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 1/1	principal	123,703,000	$120M	-3,500,000
SNAP INCSNAP INC Convertible	principal	139,062,000	$118M	new
CSG SYS INTL INCCSG SYS INTL INC NOTE 3.875% 9/1	principal	103,292,000	$117M	-1,000,000
PAGERDUTY INCPAGERDUTY INC NOTE 1.500%10/1	principal	112,236,000	$107M	+5,450,000
EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 3.500%12/0	principal	125,100,000	$107M	-1,000,000
LIVANOVA PLCLIVANOVA PLC NOTE 2.500% 3/1	principal	103,415,000	$105M	+13,370,000
PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 2.125% 5/1	principal	106,970,000	$105M	new
ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1	principal	102,348,000	$101M	+4,370,000
TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0	principal	108,153,000	$99.9M	0
ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0	principal	121,632,000	$99.4M	-1,200,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1	principal	64,536,000	$99.2M	-31,500,000
BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1	principal	78,930,000	$98.7M	+12,000,000
CANADIAN SOLAR INCCANADIAN SOLAR INC NOTE 2.500%10/0	principal	101,231,000	$98.4M	0
HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0	principal	97,930,000	$97.6M	+14,500,000
VEECO INSTRS INC DELVEECO INSTRS INC DEL NOTE 2.875% 6/0	principal	90,825,000	$96.5M	-2,750,000
WORKIVA INCWORKIVA INC NOTE 1.250% 8/1	principal	100,775,000	$93.7M	+4,750,000
ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1	principal	77,052,000	$92.5M	+5,769,000
WEIBO CORPWEIBO CORP CNV	principal	80,676,000	$90.5M	+13,750,000
TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1	principal	93,250,000	$90M	-52,106,000
TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV	principal	94,068,000	$89.7M	0
GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1	principal	97,440,000	$88.6M	+30,000,000
GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1	principal	76,067,000	$88.5M	-6,003,000
ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0	principal	68,872,000	$88M	new
JAMF HLDG CORPJAMF HLDG CORP NOTE 0.125% 9/0	principal	91,540,000	$86.3M	0
SPECTRUM BRANDS INCSPECTRUM BRANDS INC Convertible Bond	principal	93,800,000	$85.4M	new
CALLAWAY GOLF COCALLAWAY GOLF CO NOTE 2.750% 5/0	principal	87,703,000	$85.2M	-1,500,000
Dropbox IncDropbox Inc Convertible bond	principal	84,279,000	$83.6M	+10,273,000
WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1	principal	45,952,000	$82.5M	-334,800,000
BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0	principal	76,660,000	$81.6M	new
AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1	principal	92,674,000	$80.4M	0
PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR NOTE 1.750%12/1	principal	84,853,000	$80.3M	-12,474,000
Dynavax Technologies CorpDynavax Technologies Corp Convertible bond	principal	86,148,000	$78.2M	+31,500,000
ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1	principal	83,302,000	$77.5M	-2,000,000
WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1	principal	89,479,000	$77.3M	+1,018,000
GRANITE CONSTR INCGRANITE CONSTR INC NOTE 3.750% 5/1	principal	36,931,000	$76.9M	-7,500,000
IMMUNOCORE HLDGS PLCIMMUNOCORE HLDGS PLC NOTE 2.500% 2/0	principal	83,886,000	$72.6M	+38,625,000
LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible	principal	55,940,000	$71.1M	-2,000,000
JBT MAREL CORPORATIONJBT MAREL CORPORATION NOTE 0.250% 5/1	principal	69,871,000	$69.6M	0
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0	principal	74,231,000	$68.7M	new
INNOVIVA INCINNOVIVA INC NOTE 2.125% 3/1	principal	67,896,000	$68.4M	0
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 4.000% 3/1	principal	71,460,000	$67.5M	+8,970,000
PROS HOLDINGS INCPROS HOLDINGS INC DEBT 2.500% 7/0	principal	62,350,000	$67.4M	new
IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 4/0	principal	64,522,000	$65.2M	0
SUMMIT HOTEL PPTYSSUMMIT HOTEL PPTYS NOTE 1.500% 2/1	principal	67,307,000	$65.1M	+20,000
EVENTBRITE INCEVENTBRITE INC NOTE 0.750% 9/1	principal	70,231,000	$63.1M	-1,100,000
FORTUNA MNG CORPFORTUNA MNG CORP NOTE 3.750% 6/3	principal	47,888,000	$61.9M	new
Q2 HLDGS INCQ2 HLDGS INC NOTE 0.750% 6/0	principal	51,317,000	$60.8M	-2,500,000
CIPHER DIGITAL INCCIPHER DIGITAL INC NOTE 1.750% 5/1	principal	47,000,000	$60M	new
UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1	principal	62,463,000	$59.2M	-600,000
FLUOR CORPFLUOR CORP NOTE 1.125% 8/1	principal	43,947,000	$57.7M	+36,600,000
WAYFAIR INCWAYFAIR INC Convertible bond	principal	42,100,000	$56.9M	new
REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1	principal	56,841,000	$56.5M	-13,300,000
BLACKBERRY LTDBLACKBERRY LTD NOTE 3.000% 2/1	principal	38,971,000	$55.4M	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
PG&E CORPPG&E CORP	286,461,000	$304M	principal
INSMED INCINSMED INC	117,383,000	$279M	principal
UNITED STATES STL CORPUNITED STATES STL CORP	77,461,000	$246M	principal
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN	119,993,000	$167M	principal
CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC	111,432,000	$121M	principal
FIVERR INTL LTDFIVERR INTL LTD	99,401,000	$96.4M	principal
DEXCOM INCDEXCOM INC	83,750,000	$74.8M	principal
HEALTH CATALYST INCHEALTH CATALYST INC	63,360,000	$63M	principal
VERINT SYSTEMS INCVERINT SYSTEMS INC	64,991,000	$61.9M	principal
DAYFORCE INCDAYFORCE INC	61,626,000	$59M	principal
COINBASE GLOBAL INCCOINBASE GLOBAL INC	55,696,000	$54.6M	principal
CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR	48,309,000	$47M	principal
VAREX IMAGING CORPVAREX IMAGING CORP	40,532,000	$40.6M	principal
MCHPMICROCHIP TECHNOLOGY INC.	825,500	$40M	shares
EZCORP INCEZCORP INC	38,324,000	$38.4M	principal
TripAdvisor IncTripAdvisor Inc	37,357,000	$35.8M	principal
CERENCE INCCERENCE INC	33,542,000	$33.1M	principal
INSULET CORPINSULET CORP	24,277,000	$30.8M	principal
UNITY SOFTWARE INCUNITY SOFTWARE INC	31,745,000	$29.4M	principal
NEOGENOMICS INCNEOGENOMICS INC	28,111,000	$27.9M	principal
PAGERDUTY INCPAGERDUTY INC	19,010,000	$18.7M	principal
MAGNITE INCMAGNITE INC	19,250,000	$18.4M	principal
INFINERA CORPINFINERA CORP	13,235,000	$16.9M	principal
TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC	16,184,000	$16.1M	principal
RACURITHM ACQUISITION CORP	1,100,000	$11.1M	shares
LOKVULIVE OAK ACQUISITION CORP V	1,100,000	$11.1M	shares
RAPID7 INCRAPID7 INC	10,240,000	$10.2M	principal
AACBUARTIUS II ACQUISITION INC	1,000,000	$10.1M	shares
ATIIUARCHIMEDES TECH SPAC PARTNER	1,000,000	$10.1M	shares
DROPBOX INCDROPBOX INC	8,768,000	$8.65M	principal
PPL CAP FDG INCPPL CAP FDG INC	7,500,000	$8.41M	principal
DEXCOM INCDEXCOM INC	8,100,000	$7.89M	principal
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	750,000	$7.61M	shares
LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL	6,204,000	$7.57M	principal
CINEMARK HLDGS INCCINEMARK HLDGS INC	4,000,000	$6.99M	principal
NHICUNEWHOLD INVT CORP III	675,000	$6.81M	shares
8X8 INC NEW8X8 INC NEW	7,733,000	$6.49M	principal
COLOMBIERACQUISITIONCORPICOLOMBIERACQUISITIONCORPI	590,000	$6.28M	shares
SK GROWTH OPPORTUNITIES CORPSK GROWTH OPPORTUNITIES CORP	500,000	$6.1M	shares
FIFTH ERA ACQUISITION CORP IFIFTH ERA ACQUISITION CORP I	500,000	$5.04M	shares
GSHRUGESHER ACQUISITION CORP. II	500,000	$5.01M	shares
PDD HOLDINGS INCPDD HOLDINGS INC	4,950,000	$4.89M	principal
HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC	3,750,000	$4.81M	principal
BLOCK INCBLOCK INC	5,000,000	$4.41M	principal
OMNICELL COMOMNICELL COM	4,366,000	$4.26M	principal
CABLE ONE INCCABLE ONE INC	4,269,000	$3.39M	principal
BTSGBRIGHTSPRING HEALTH SVCS INC	35,000	$2.31M	shares
QSEAUQUARTZSEA ACQUISITION CORP	175,000	$1.77M	shares
KKR & CO INCKKR & CO INC	27,850	$1.36M	shares
AXON ENTERPRISE INCAXON ENTERPRISE INC	505,000	$1.19M	principal
PENN ENTERTAINMENT INCPENN ENTERTAINMENT INC	597,000	$613K	principal
COLOMBIER ACQUISITION CORP ICOLOMBIER ACQUISITION CORP I	196,665	$151K	shares
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	301,207	$79.2K	shares
SK GROWTH OPPORTUNITIES CORPSK GROWTH OPPORTUNITIES CORP	108,000	$68K	shares
CLRRFCLIMATEROCK USD RTS (CYM) 01/3	300,000	$59.8K	shares
GLOBAL BLUE GROUP HOLDING AGGLOBAL BLUE GROUP HOLDING AG	2,144,522	$47.8K	shares
VAST RENEWABLES LIMITEDVAST RENEWABLES LIMITED	199,999	$8.16K	shares
ZCARWZOOMCAR HLDGS INC WT EXP 12/31	375,000	$4.72K	shares
HERAMBA ELECTRIC EQHERAMBA ELECTRIC EQ	367,855	$3.86K	shares
ClimateRockClimateRock	149,999	$3.75K	shares
HALL OF FAME RESORT & ENTMTHALL OF FAME RESORT & ENTMT	991,928	$3.27K	shares
HYCROFT MINING HOLDING CORPHYCROFT MINING HOLDING CORP	753,819	$1.73K	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 0000950123-25-008124	base		2025-08-14	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC