Magnetar Financial LLC

13F filer, CIK 1352851, EVANSTON, IL

Magnetar Financial LLC reported $20,652,647,371 across 870 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-12. Its ten largest share positions make up 79.65% of the portfolio.

Filed 2025-08-12 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0001104659-25-076542

Period: 2025-06-30
Reported value: $20.7B
Holdings: 870
Top 10 weight: 79.65%
New: 536
Sold out: 383

Part of the filer group Magnetar Financial LLC

Magnetar Asset Management LLC

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
DUN & BRADSTREET HLDGS INCnew	+10,636,170	$96.7M
SPRINGWORKS THERAPEUTICS INCnew	+2,052,642	$96.5M
TXNMnew	+1,650,082	$93.3M
BLUEPRINT MEDICINES CORPadded	+725,479	$93M
SKXnew	+1,416,775	$89.4M

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

Largest sells vs the previous quarter

Security	Shares change	Approx. value
BEACON ROOFING SUPPLY INCexited	-744,640	-$92.1M
DISCOVER FINL SVCSexited	-507,338	-$86.6M
VEREN INCexited	-12,656,076	-$83.7M
PAYCOR HCM INCexited	-3,672,360	-$82.4M
BERRY GLOBAL GROUP INCexited	-1,118,266	-$78.1M

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 0001104659-25-076542, largest first. % of portfolio is the value over $20,637,140,971, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
ADBEADOBE INC	1,536	$594K	<0.01%	-1,045	Timeline
VTRSVIATRIS INC	66,206	$591K	<0.01%	-100,753	Timeline
MGPIMGP INGREDIENTS INC NEW	19,492	$584K	<0.01%	new	Timeline
ROGROGERS CORP	8,418	$576K	<0.01%	+3,825	Timeline
BHFBRIGHTHOUSE FINL INC	10,635	$572K	<0.01%	new	Timeline
NXTNEXTPOWER INC	10,414	$566K	<0.01%	new	Timeline
TACOWBERTO ACQUISITION CORP	825,000	$565K	<0.01%	new	Timeline
AIC3 AI INC	22,647	$556K	<0.01%	new	Timeline
SDRLSEADRILL LTD	20,866	$548K	<0.01%	new	Timeline
WLKWESTLAKE CORPORATION	7,187	$546K	<0.01%	-20,090	Timeline
CABOCABLE ONE INC	4,006	$544K	<0.01%	new	Timeline
HUBGHUB GROUP INC	16,223	$542K	<0.01%	+2,163	Timeline
HPQHP INC	22,127	$541K	<0.01%	-384,781	Timeline
AKRACADIA RLTY TR	29,075	$540K	<0.01%	+1,678	Timeline
JHGJANUS HENDERSON GROUP PLC	13,755	$534K	<0.01%	-148,978	Timeline
ZTSZOETIS INC	3,425	$534K	<0.01%	new	Timeline
VOYAVOYA FINANCIAL INC	7,509	$533K	<0.01%	-3,812	Timeline
GIBCGI INC	5,000	$525K	<0.01%	-12,594	Timeline
TSEMTOWER SEMICONDUCTOR LTD	12,026	$521K	<0.01%	+5,363	Timeline
CVLTCOMMVAULT SYS INC	2,975	$519K	<0.01%	new	Timeline
MAAMID-AMER APT CMNTYS INC	3,485	$516K	<0.01%	new	Timeline
PROPROS Holdings Inc	32,932	$516K	<0.01%	new	Timeline
RXORXO INC	32,761	$515K	<0.01%	new	Timeline
APOGAPOGEE ENTERPRISES INC	12,657	$514K	<0.01%	new	Timeline
IMXIINTERNATIONAL MONEY EXPRESS	50,859	$513K	<0.01%	+4,914	Timeline
BIRKBIRKENSTOCK HOLDING PLC	10,383	$511K	<0.01%	-12,974	Timeline
XRAYDENTSPLY SIRONA INC	32,121	$510K	<0.01%	+13,619	Timeline
VERINT SYS INCVERINT SYS INC	25,924	$510K	<0.01%	+4,194
LKQLKQ CORP	13,756	$509K	<0.01%	new	Timeline
MANHMANHATTAN ASSOCIATES INC	2,574	$508K	<0.01%	new	Timeline
PDFSPDF SOLUTIONS INC	23,725	$507K	<0.01%	new	Timeline
GRSDGRANDSTAND LTD	42,291	$503K	<0.01%	new	Timeline
CCIXWCHURCHILL CAPITAL CORP IX	502,508	$503K	<0.01%	new	Timeline
SCHWCHARLES SCHWAB CORP (THE)	5,491	$501K	<0.01%	new	Timeline
CAHCARDINAL HEALTH INC	2,982	$501K	<0.01%	new	Timeline
ALDFWALDEL FINL II INC	949,549	$494K	<0.01%	new	Timeline
EXLSEXLSERVICE HLDGS INC	11,197	$490K	<0.01%	+2,984	Timeline
SGHCSUPER GROUP SGHC LIMITED	44,679	$490K	<0.01%	+32,579	Timeline
PMTRWPERIMETER ACQUISITION CORP I	750,000	$488K	<0.01%	new	Timeline
ABNBAIRBNB INC	3,524	$484K	<0.01%	+1,125	Timeline
SNEXSTONEX GROUP INC	5,285	$482K	<0.01%	new	Timeline
MRXMAREX GROUP PLC	12,194	$481K	<0.01%	new	Timeline
AGCOAGCO CORP	4,646	$479K	<0.01%	new	Timeline
WDAYWORKDAY INC	1,992	$478K	<0.01%	new	Timeline
CLXCLOROX CO DEL	3,972	$477K	<0.01%	-49,671	Timeline
WMTWALMART INC	4,873	$476K	<0.01%	new	Timeline
CGBDCARLYLE SECURED LENDING INC	34,727	$475K	<0.01%	new	Timeline
DOLEDOLE PLC	33,900	$474K	<0.01%	-17,350	Timeline
OOMAOOMA INC	36,749	$474K	<0.01%	new	Timeline
SLBSLB LIMITED	13,960	$472K	<0.01%	new	Timeline
BANDBANDWIDTH INC	29,645	$471K	<0.01%	new	Timeline
PCARPACCAR INC	4,958	$471K	<0.01%	-6,401	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	970	$471K	<0.01%	new	Timeline
XELXCEL ENERGY INC	6,918	$471K	<0.01%	new	Timeline
VZVERIZON COMMUNICATIONS INC	10,885	$471K	<0.01%	new	Timeline
CHDNCHURCHILL DOWNS INC	4,656	$470K	<0.01%	+595	Timeline
PPGPPG INDS INC	4,127	$469K	<0.01%	-47,629	Timeline
CNPCENTERPOINT ENERGY INC	12,752	$469K	<0.01%	new	Timeline
GMGENERAL MTRS CO	9,519	$468K	<0.01%	new	Timeline
NOWSERVICENOW INC	454	$467K	<0.01%	-11,334	Timeline
ASCARDMORE SHIPPING CORP	48,583	$466K	<0.01%	new	Timeline
WHWYNDHAM HOTELS & RESORTS INC	5,740	$466K	<0.01%	-52,843	Timeline
TAPMOLSON COORS BEVERAGE CO	9,675	$465K	<0.01%	new	Timeline
GFLGFL ENVIRONMENTAL INC	9,176	$463K	<0.01%	new	Timeline
NWENORTHWESTERN ENERGY GROUP IN	9,023	$463K	<0.01%	new	Timeline
BKVBKV CORP	19,026	$459K	<0.01%	new	Timeline
TPLTEXAS PACIFIC LAND CORPORATI	434	$458K	<0.01%	new	Timeline
RVMDREVOLUTION MEDICINES INC	12,447	$458K	<0.01%	-20,525	Timeline
FCXFREEPORT MCMORAN INC	10,539	$457K	<0.01%	-60,483	Timeline
TIGOMILLICOM INTL CELLULAR S A	12,146	$455K	<0.01%	+4,454	Timeline
TRPTC ENERGY CORP	9,264	$452K	<0.01%	new	Timeline
PEBOPEOPLES BANCORP INC	14,793	$452K	<0.01%	new	Timeline
WSTWEST PHARMACEUTICAL SVSC INC	2,064	$452K	<0.01%	new	Timeline
CLMBCLIMB GLOBAL SOLUTIONS INC	4,164	$445K	<0.01%	+562	Timeline
OXYOCCIDENTAL PETE CORP	10,500	$441K	<0.01%	new	Timeline
KURAKURA ONCOLOGY INC	76,329	$440K	<0.01%	+64,345	Timeline
ACELACCEL ENTERTAINMENT INC	37,385	$440K	<0.01%	-37,626	Timeline
KRNTKORNIT DIGITAL LTD	22,042	$439K	<0.01%	new	Timeline
EFXEQUIFAX INC	1,680	$436K	<0.01%	new	Timeline
DOWDOW HLDGS INC	16,431	$435K	<0.01%	new	Timeline
MNROMONRO INC	28,963	$432K	<0.01%	new	Timeline
UPWKUPWORK INC	32,021	$430K	<0.01%	new	Timeline
TMUST-MOBILE US INC	1,798	$428K	<0.01%	+369	Timeline
SFNCSIMMONS FIRST NATL CORP	22,549	$428K	<0.01%	+7,040	Timeline
YEXTYEXT INC	50,139	$426K	<0.01%	new	Timeline
MACMACERICH CO	26,229	$424K	<0.01%	new	Timeline
EXPEAGLE MATLS INC	2,088	$422K	<0.01%	new	Timeline
SFDSMITHFIELD FOODS INC	17,802	$419K	<0.01%	new	Timeline
CAECAE INC	14,201	$416K	<0.01%	new	Timeline
LPBBWLAUNCH TWO ACQUISITION CORP.	990,000	$416K	<0.01%	new	Timeline
MSTRSTRATEGY INC	1,081	$413K	<0.01%	new	Timeline
COLMCOLUMBIA SPORTSWEAR CO	6,752	$412K	<0.01%	-16,731	Timeline
GNLGLOBAL NET LEASE INC	54,010	$408K	<0.01%	new	Timeline
TACHWTITAN ACQUISITION CORP	1,100,000	$407K	<0.01%	new	Timeline
FERARFIFTH ERA ACQUISITION CORP I	1,500,000	$406K	<0.01%	new	Timeline
SDHIRSIDDHI ACQUISITION CORP	1,750,000	$402K	<0.01%	new	Timeline
ACLSAXCELIS TECHNOLOGIES INC	5,769	$402K	<0.01%	-6,736	Timeline
IPCXRINFLECTION PT ACQUISITION CO	1,000,000	$400K	<0.01%	new	Timeline
HAPNHAPPEN INC	32,964	$397K	<0.01%	+16,591	Timeline
WEAVWEAVE COMMUNICATIONS INC	47,662	$397K	<0.01%	+4,079	Timeline
FERGFERGUSON ENTERPRISES INC	1,819	$396K	<0.01%	-3,973	Timeline
VIRTVIRTU FINL INC	8,840	$396K	<0.01%	new	Timeline
CVCOCAVCO INDS INC DEL	898	$390K	<0.01%	+357	Timeline
PHRPHREESIA INC	13,686	$390K	<0.01%	-5,117	Timeline
PLMRPALOMAR HLDGS INC	2,502	$386K	<0.01%	new	Timeline
CSXCSX CORP	11,825	$386K	<0.01%	-223,062	Timeline
ENTGENTEGRIS INC	4,752	$383K	<0.01%	new	Timeline
KVYOKLAVIYO INC	11,347	$381K	<0.01%	-1,902	Timeline
COURCOURSERA INC	43,268	$379K	<0.01%	new	Timeline
ICUIICU MED INC	2,857	$378K	<0.01%	new	Timeline
MOFGMIDWESTONE FINANCIAL GROUP I	13,117	$377K	<0.01%	new	Timeline
KGCKINROSS GOLD CORP	23,868	$373K	<0.01%	+2,946	Timeline
TXTTEXTRON INC	4,628	$372K	<0.01%	new	Timeline
CLSCELESTICA INC	2,378	$371K	<0.01%	-40,708	Timeline
AMRALPHA METALLURGICAL RESOUR I	3,258	$366K	<0.01%	-349	Timeline
GEVGE VERNOVA INC	690	$365K	<0.01%	-8,455	Timeline
DARDARLING INGREDIENTS INC	9,499	$360K	<0.01%	-173,286	Timeline
SNVSYNOVUS FINANCIAL CORP	6,960	$360K	<0.01%	new	Timeline
NABLN-ABLE INC	44,319	$359K	<0.01%	new	Timeline
NPACWNEW PROVIDENCE ACQUISITION C	583,330	$359K	<0.01%	new	Timeline
USNAUSANA HEALTH SCIENCES INC	11,720	$358K	<0.01%	-303	Timeline
OIIOCEANEERING INTL INC	17,181	$356K	<0.01%	new	Timeline
VKTXVIKING THERAPEUTICS INC	13,383	$355K	<0.01%	+3,696	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	3,884	$354K	<0.01%	new	Timeline
COHUCOHU INC	18,271	$352K	<0.01%	new	Timeline
WINAWINMARK CORP	930	$351K	<0.01%	new	Timeline
ALGALAMO GROUP INC	1,606	$351K	<0.01%	-184	Timeline
SZZLRSIZZLE ACQUISITION CORP. II	1,750,000	$350K	<0.01%	new	Timeline
CUBWWLIONHEART HOLDINGS	955,127	$347K	<0.01%	new	Timeline
TRVTRAVELERS COMPANIES INC	1,292	$346K	<0.01%	-1,317	Timeline
CGNTCOGNYTE SOFTWARE LTD	37,375	$345K	<0.01%	+23,764	Timeline
RDAGWREPUBLIC DIGITAL ACQUISITION	500,000	$345K	<0.01%	new	Timeline
FWONKLIBERTY MEDIA CORP DEL	3,298	$345K	<0.01%	new	Timeline
VIKVIKING HOLDINGS LTD	6,454	$344K	<0.01%	new	Timeline
TTDTHE TRADE DESK INC	4,760	$343K	<0.01%	-726	Timeline
KHCKRAFT HEINZ CO	13,244	$342K	<0.01%	new	Timeline
NSANATIONAL STORAGE AFFILIATES	10,686	$342K	<0.01%	new	Timeline
FIVNFIVE9 INC	12,774	$338K	<0.01%	-68,156	Timeline
TTANSERVICETITAN INC	3,149	$338K	<0.01%	new	Timeline
APTVAPTIV PLC	4,924	$336K	<0.01%	new	Timeline
ETRENTERGY CORP NEW	4,041	$336K	<0.01%	new	Timeline
AFLAFLAC INC	3,178	$335K	<0.01%	new	Timeline
ACICAMERICAN COASTAL INS CORP	29,980	$333K	<0.01%	new	Timeline
MITKMITEK SYS INC	33,646	$333K	<0.01%	new	Timeline
BRZEBRAZE INC	11,780	$331K	<0.01%	new	Timeline
BFSTBUSINESS FIRST BANCSHARES IN	13,392	$330K	<0.01%	new	Timeline
WAYWAYSTAR HLDG CORP	8,062	$329K	<0.01%	new	Timeline
UNMUNUM GROUP	4,077	$329K	<0.01%	-2,661	Timeline
WDFCWD 40 CO	1,443	$329K	<0.01%	-260	Timeline
BURLBURLINGTON STORES INC	1,408	$328K	<0.01%	new	Timeline
AAMIACADIAN ASSET MANAGEMENT INC	9,288	$327K	<0.01%	new	Timeline
SPOKSPOK HLDGS INC	18,480	$327K	<0.01%	new	Timeline
CWANCLEARWATER ANALYTICS HLDGS I	14,819	$325K	<0.01%	+1,393	Timeline
GTGOODYEAR TIRE & RUBR CO	31,245	$324K	<0.01%	new	Timeline
RACWSRITHM ACQUISITION CORP	660,000	$323K	<0.01%	new	Timeline
HTGCHERCULES CAPITAL INC	17,657	$323K	<0.01%	new	Timeline
PTLOPORTILLOS INC	27,620	$322K	<0.01%	new	Timeline
TTTRANE TECHNOLOGIES PLC	736	$322K	<0.01%	new	Timeline
CRSPCRISPR THERAPEUTICS AG	6,556	$319K	<0.01%	new	Timeline
DAAQWDIGITAL ASSET ACQUISITION CO	375,000	$319K	<0.01%	new	Timeline
ALBALBEMARLE CORP	5,220	$318K	<0.01%	new	Timeline
LIONLIONSGATE STUDIOS CORP	54,732	$318K	<0.01%	new	Timeline
CRVLCORVEL CORP	3,057	$314K	<0.01%	new	Timeline
RKLBROCKET LAB CORP	8,780	$314K	<0.01%	new	Timeline
BLZEBACKBLAZE INC	57,073	$314K	<0.01%	new	Timeline
LMNDLEMONADE INC	7,164	$314K	<0.01%	new	Timeline
VACHWVOYAGER ACQUISITION CORP	1,078,110	$313K	<0.01%	new	Timeline
CLBTCELLEBRITE DI LTD	19,529	$312K	<0.01%	new	Timeline
SITMSITIME CORP	1,465	$312K	<0.01%	new	Timeline
BIIBBIOGEN INC	2,484	$312K	<0.01%	-5,235	Timeline
APPNAPPIAN CORP	10,273	$307K	<0.01%	-762	Timeline
AMPHAMPHASTAR PHARMACEUTICALS IN	13,337	$306K	<0.01%	new	Timeline
RTACWRENATUS TACTICAL ACQUIS	150,000	$306K	<0.01%	new	Timeline
UDRUDR INC	7,469	$305K	<0.01%	new	Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	1,900,000	$304K	<0.01%	new	Timeline
WORWORTHINGTON ENTERPRISES INC	4,771	$304K	<0.01%	new	Timeline
NHICWNEWHOLD INVT CORP III	625,000	$303K	<0.01%	new	Timeline
FLGTFULGENT GENETICS INC	15,101	$300K	<0.01%	new	Timeline
PNRGPRIMEENERGY RESOURCES CORP	2,038	$298K	<0.01%	new	Timeline
INTAINTAPP INC	5,779	$298K	<0.01%	-10,257	Timeline
ALFUWCENTURION ACQUISITION CORP	928,125	$297K	<0.01%	new	Timeline
UALUNITED AIRLS HLDGS INC	3,703	$295K	<0.01%	-61,424	Timeline
SCSCSCANSOURCE INC	7,045	$295K	<0.01%	new	Timeline
AGXARGAN INC	1,333	$294K	<0.01%	new	Timeline
LADLITHIA MTRS INC	869	$294K	<0.01%	-268	Timeline
BAXBAXTER INTL INC	9,651	$292K	<0.01%	new	Timeline
CSLCARLISLE COS INC	777	$290K	<0.01%	new	Timeline
AGROADECOAGRO S A	31,615	$289K	<0.01%	+16,260	Timeline
STEPSTEPSTONE GROUP INC	5,201	$289K	<0.01%	new	Timeline
GLBEGLOBAL E ONLINE LTD	8,580	$288K	<0.01%	-188,576	Timeline
AMGAFFILIATED MANAGERS GROUP	1,448	$285K	<0.01%	new	Timeline
ZEUSOLYMPIC STEEL INC	8,708	$284K	<0.01%	new	Timeline
CXWCORECIVIC INC	13,438	$283K	<0.01%	new	Timeline
SNDKSANDISK CORP	6,227	$282K	<0.01%	new	Timeline
DLBDOLBY LABORATORIES INC	3,775	$280K	<0.01%	-16,907	Timeline
ENOVENOVIS CORPORATION	8,929	$280K	<0.01%	new	Timeline
FTDRFRONTDOOR INC	4,737	$279K	<0.01%	-5,536	Timeline
YELPYELP INC	8,120	$278K	<0.01%	new	Timeline
GICGLOBAL INDUSTRIAL COMPANY	10,226	$276K	<0.01%	-11,273	Timeline
UBERUBER TECHNOLOGIES INC	3,241	$276K	<0.01%	new	Timeline
WSMWILLIAMS SONOMA INC	1,681	$275K	<0.01%	-34,878	Timeline
OSONESTREAM INC	9,700	$275K	<0.01%	-3,455	Timeline
LPAAWLAUNCH ONE ACQUISITION CORP	972,598	$272K	<0.01%	new	Timeline
SMWBSIMILARWEB LTD	34,633	$272K	<0.01%	new	Timeline
TWTRADEWEB MKTS INC	1,853	$271K	<0.01%	new	Timeline
REXREX AMERICAN RES CORP	5,569	$271K	<0.01%	new	Timeline
SIMAWSIM ACQUISITION CORP. I	972,598	$267K	<0.01%	new	Timeline
KEKIMBALL ELECTRONICS INC	13,875	$267K	<0.01%	new	Timeline
PRVAPRIVIA HEALTH GROUP INC	11,493	$264K	<0.01%	new	Timeline
VCICWVINE HILL CAP INVT CORP.	900,000	$264K	<0.01%	new	Timeline
FFIVF5 INC	895	$263K	<0.01%	-2,666	Timeline
MRSHMARSH & MCLENNAN COS INC	1,201	$263K	<0.01%	new	Timeline
MMYTMAKEMYTRIP LIMITED MAURITIUS	2,668	$262K	<0.01%	new	Timeline
RBARB GLOBAL INC	2,418	$257K	<0.01%	new	Timeline
AVNTAVIENT CORPORATION	7,930	$256K	<0.01%	new	Timeline
NRDSNERDWALLET INC	23,329	$256K	<0.01%	+8,986	Timeline
ABXABACUS GLOBAL MGMT INC	49,493	$254K	<0.01%	new	Timeline
COPCONOCOPHILLIPS	2,834	$254K	<0.01%	new	Timeline
SEMRSEMRUSH HLDGS INC	28,048	$254K	<0.01%	+11,870	Timeline
MSCIMSCI INC	440	$254K	<0.01%	new	Timeline
HLNEHAMILTON LANE INC	1,778	$253K	<0.01%	new	Timeline
ATIIWARCHIMEDES TECH SPAC PARTNER	650,000	$251K	<0.01%	new	Timeline
FICOFAIR ISAAC CORP	137	$250K	<0.01%	new	Timeline
DRDBWROMAN DBDR ACQUISITION CORP	500,000	$250K	<0.01%	new	Timeline
SMCSUMMIT MIDSTREAM CORPORATION	10,162	$249K	<0.01%	new	Timeline
CPCANADIAN PACIFIC KANSAS CITY	3,130	$248K	<0.01%	-3,666	Timeline
REGNREGENERON PHARMACEUTICALS	470	$247K	<0.01%	-11,072	Timeline
AAPLAPPLE INC	1,192	$245K	<0.01%	new	Timeline
MSGSMADISON SQUARE GRDN SPRT COR	1,162	$243K	<0.01%	new	Timeline
WSOWATSCO INC	548	$242K	<0.01%	new	Timeline
PAXPATRIA INVESTMENTS LIMITED	17,201	$242K	<0.01%	new	Timeline
CMCOCOLUMBUS MCKINNON CORP N Y	15,795	$241K	<0.01%	new	Timeline
CRANE HBR ACQUISITION CORPCRANE HBR ACQUISITION CORP	900,000	$238K	<0.01%	new
LRNSTRIDE INC	1,641	$238K	<0.01%	-460	Timeline
MKCMCCORMICK & CO INC	3,137	$238K	<0.01%	new	Timeline
CRLCHARLES RIV LABS INTL INC	1,566	$238K	<0.01%	new	Timeline
ADTNADTRAN HOLDINGS INC	26,134	$234K	<0.01%	new	Timeline
BKRBAKER HUGHES COMPANY	6,114	$234K	<0.01%	new	Timeline
DVNDEVON ENERGY CORP NEW	7,367	$234K	<0.01%	+1,719	Timeline
ACMAECOM	2,055	$232K	<0.01%	-119,934	Timeline
OFGOFG BANCORP	5,411	$232K	<0.01%	new	Timeline
ALGNALIGN TECHNOLOGY INC	1,215	$230K	<0.01%	new	Timeline
GRAF GLOBAL CORPGRAF GLOBAL CORP	806,677	$230K	<0.01%	new
RBLXROBLOX CORP	2,183	$230K	<0.01%	new	Timeline
TCBXTHIRD COAST BANCSHARES INC	7,004	$229K	<0.01%	-4,999	Timeline
RDNTRADNET INC	3,993	$227K	<0.01%	new	Timeline
CHKPCHECK POINT SOFTWARE TECH LT	1,027	$227K	<0.01%	new	Timeline
TROWPRICE T ROWE GROUP INC	2,342	$226K	<0.01%	new	Timeline
AURAURORA INNOVATION INC	43,130	$226K	<0.01%	+27,392	Timeline
EXTREXTREME NETWORKS INC	12,585	$226K	<0.01%	new	Timeline
WLACWWILLOW LANE ACQUISITION CORP	625,000	$225K	<0.01%	new	Timeline
PNTGPENNANT GROUP INC	7,527	$225K	<0.01%	-5,049	Timeline
LIILENNOX INTL INC	389	$223K	<0.01%	new	Timeline
SILVERBOX CORP IVSILVERBOX CORP IV	193,330	$222K	<0.01%	new
BABOEING CO	1,102	$222K	<0.01%	new	Timeline
NTNXNUTANIX INC	2,907	$222K	<0.01%	-1,661	Timeline
GLGLOBE LIFE INC	1,769	$220K	<0.01%	new	Timeline
GPIGROUP 1 AUTOMOTIVE INC	498	$217K	<0.01%	new	Timeline
HVIIRHENNESSY CAP INVT CORP VII	700,000	$217K	<0.01%	new	Timeline
SYNASYNAPTICS INC	3,345	$217K	<0.01%	new	Timeline
AMPAMERIPRISE FINL INC	406	$217K	<0.01%	-9,255	Timeline
CTRICENTURI HOLDINGS INC	9,617	$216K	<0.01%	new	Timeline
REPXRILEY EXPLORATION PERMIAN IN	8,225	$216K	<0.01%	new	Timeline
OLO INCOLO INC	24,103	$215K	<0.01%	-74,977
ERIIENERGY RECOVERY INC	16,762	$214K	<0.01%	+2,699	Timeline
BARKBARK INC	250,000	$212K	<0.01%	-365,172	Timeline
CPRTCOPART INC	4,246	$208K	<0.01%	new	Timeline
IHSIHS HOLDING LIMITED	37,403	$208K	<0.01%	new	Timeline
UNPUNION PAC CORP	902	$208K	<0.01%	new	Timeline
MRNAMODERNA INC	7,460	$206K	<0.01%	new	Timeline
ENPHENPHASE ENERGY INC	5,171	$205K	<0.01%	new	Timeline
BOOTBOOT BARN HLDGS INC	1,348	$205K	<0.01%	-54,446	Timeline
IRTINDEPENDENCE RLTY TR INC	11,463	$203K	<0.01%	new	Timeline
TEMTEMPUS AI INC	3,177	$202K	<0.01%	new	Timeline
PTENPATTERSON-UTI ENERGY INC	33,909	$201K	<0.01%	new	Timeline
CRAQRCAL REDWOOD ACQUISITION CORP	730,033	$201K	<0.01%	new	Timeline
RANGRRANGE CAP ACQUISITION CORP	800,000	$200K	<0.01%	new	Timeline
CNHCNH INDL N V	15,110	$196K	<0.01%	new	Timeline
ETONETON PHARMACEUTICALS INC	13,731	$196K	<0.01%	new	Timeline
GTXGARRETT MOTION INC	18,605	$196K	<0.01%	new	Timeline
SIBNSI BONE INC	10,244	$193K	<0.01%	-9,417	Timeline
TDACWTRANSLATIONAL DEV ACQUISITIO	650,000	$188K	<0.01%	new	Timeline
RZLVREZOLVE AI PLC	60,000	$184K	<0.01%	-71,250	Timeline
LADRLADDER CAP CORP	17,094	$184K	<0.01%	+2,001	Timeline
KFIIRK&F GROWTH ACQUISITION CORP	1,250,000	$181K	<0.01%	new	Timeline
NUSNU SKIN ENTERPRISES INC	22,350	$179K	<0.01%	new	Timeline
BHVNBIOHAVEN LTD	12,551	$177K	<0.01%	0	Timeline
SVCCWSTELLAR V CAP CORP	650,000	$176K	<0.01%	new	Timeline
POLEWANDRETTI ACQUISITION CORP II	700,000	$175K	<0.01%	new	Timeline
ALLTALLOT LTD	20,212	$173K	<0.01%	new	Timeline
XPERXPERI INC	21,586	$171K	<0.01%	-27,408	Timeline
RAAQWREAL ASSET ACQUISITION CORP	375,000	$171K	<0.01%	new	Timeline
ARTIUS II ACQUISITION INCARTIUS II ACQUISITION INC	600,000	$168K	<0.01%	new
CSTMCONSTELLIUM SE	12,615	$168K	<0.01%	new	Timeline
HUNHUNTSMAN CORP	16,070	$167K	<0.01%	new	Timeline
NTWOWNEWBURY STR II ACQUISITION C	725,000	$167K	<0.01%	new	Timeline
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	600,000	$165K	<0.01%	new
NEXNNEXXEN INTL LTD	15,594	$162K	<0.01%	new	Timeline
LSPDLIGHTSPEED COMMERCE INC	13,295	$156K	<0.01%	new	Timeline
DBRGDIGITALBRIDGE GROUP INC	15,004	$155K	<0.01%	-25,724	Timeline
ZYMEZYMEWORKS INC	12,168	$153K	<0.01%	-280	Timeline
GTENWGORES HLDGS X INC	255,681	$151K	<0.01%	new	Timeline
FACTWFACT II ACQUISITION CORP	530,749	$146K	<0.01%	new	Timeline
GSHRWGESHER ACQUISITION CORP. II	450,000	$144K	<0.01%	new	Timeline
PERIPERION NETWORK LTD	14,159	$144K	<0.01%	new	Timeline
HPEHEWLETT PACKARD ENTERPRISE C	7,821	$143K	<0.01%	new	Timeline
SHMDSCHMID GROUP N.V.	48,049	$135K	<0.01%	new	Timeline
CGCTWCARTESIAN GROWTH CORP III	500,000	$133K	<0.01%	new	Timeline
PSFEPAYSAFE LIMITED	10,196	$129K	<0.01%	new	Timeline
AVOMISSION PRODUCE INC	10,755	$126K	<0.01%	-27,473	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	400,000	$126K	<0.01%	new	Timeline
ADTADT INC DEL	14,316	$121K	<0.01%	new	Timeline
CCAQWCOLLECTIVE ACQUISITION CORP	637,500	$121K	<0.01%	new	Timeline
XRPNWARMADA ACQUISITION CORP II	407,133	$110K	<0.01%	new	Timeline
ADCTADC THERAPEUTICS SA	39,092	$105K	<0.01%	-16,670	Timeline
BACQRINFLECTION PT ACQUISITION CORP	300,000	$97.1K	<0.01%	new	Timeline
IPEXRINFLECTION POINT ACQU CORP V	250,000	$71.2K	<0.01%	new	Timeline
RAINRAIN ENHANCEMENT TECHNOLOGIE	23,970	$70K	<0.01%	new	Timeline
COMPCOMPASS INC	10,904	$68.5K	<0.01%	new	Timeline
WESTWESTROCK COFFEE CO	11,313	$64.8K	<0.01%	new	Timeline
EVLVEVOLV TECHNOLOGIES HLDNGS IN	146,587	$64.5K	<0.01%	0	Timeline
DYNCWDYNAMIX CORP	175,000	$63K	<0.01%	new	Timeline
MELAR ACQUISITION CORP. IMELAR ACQUISITION CORP. I	185,625	$61.3K	<0.01%	new
PLMKWPLUM ACQUISITION CORP IV	250,000	$52.9K	<0.01%	new	Timeline
COPLEY ACQUISITION CORPCOPLEY ACQUISITION CORP	273,700	$45.9K	<0.01%	new
PELIRPELICAN ACQUISITION CORP RT	194,996	$37K	<0.01%	new	Timeline
TAVIRTAVIA ACQUISITION CORP	200,000	$35.5K	<0.01%	new	Timeline
TGEWSGENERATION ESSENTIALS GROUP	70,000	$28K	<0.01%	new	Timeline
DUKDUKE ENERGY CORP NEW	223	$25.7K	<0.01%	-9,279	Timeline
TMCTMC THE METALS COMPANY INC	50,260	$14.7K	<0.01%	0	Timeline
AKAMAKAMAI TECHNOLOGIES INC	164	$13.1K	<0.01%	new	Timeline
CAPNRCAYSON ACQUISITION CORP	75,000	$11.1K	<0.01%	new	Timeline
CHPGRCHAMPIONSGATE ACQUISITION CO	75,000	$7.5K	<0.01%	new	Timeline
RFAIRRF ACQUISITION CORP II	99,000	$7.5K	<0.01%	new	Timeline
BARK INCBARK INC	228,861	$2.98K	<0.01%	-52,590
GTENUGORES HLDGS X INC	12	$125	<0.01%	new	Timeline
NPACUNEW PROVIDENCE ACQUISITION C	10	$105	<0.01%	new	Timeline
VLOSUVELOS ACQUISITION I CORP	6	$71	<0.01%	-2,450,244	Timeline
NOGNORTHERN OIL & GAS INC	2	$63	<0.01%	new	Timeline
TONTUGRAF GLOBAL CORP	5	$53	<0.01%	-1,633,494	Timeline
LAUNCH ONE ACQUISITION CORPLAUNCH ONE ACQUISITION CORP	4	$47	<0.01%	-1,960,196
SIMAUSIM ACQUISITION CORP. I	4	$46	<0.01%	-1,960,196	Timeline
ALDEL FINL II INCALDEL FINL II INC	4	$44	<0.01%	-1,899,996
CUBWULIONHEART HOLDINGS	3	$35	<0.01%	-1,960,197	Timeline
XRPNUARMADA ACQUISITION CORP II	3	$31	<0.01%	new	Timeline
FACTUFACT II ACQUISITION CORP	2	$21	<0.01%	-1,061,498	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
HYGISHARES TR IBOXX HI YD ETF	put	195,000	$15.5M	0

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
ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0	principal	51,136,000	$65.4M	new
PG&E CORPPG&E CORP NOTE 4.250%12/0	principal	60,950,000	$60.6M	+33,000,000
TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1	principal	51,425,000	$57M	new
JD.COM INCJD.COM INC NOTE 0.250% 6/0	principal	47,849,000	$50M	new
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0	principal	29,250,000	$38.3M	new
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0	principal	36,500,000	$38.2M	+10,000,000
DEXCOM INCDEXCOM INC NOTE 0.375% 5/1	principal	37,246,000	$35.1M	+4,896,000
WAYFAIR INCWAYFAIR INC Convertible bond	principal	25,692,000	$34.8M	-14,708,000
FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1	principal	30,620,000	$30.3M	-27,574,000
AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A	principal	30,000,000	$28.9M	+7,000,000
NCL CORP LTDNCL CORP LTD BOND	principal	25,100,000	$24.8M	+8,133,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0	principal	25,000,000	$24.3M	new
Shopify IncShopify Inc Convertible bond	principal	20,000,000	$20.4M	new
DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND	principal	16,895,000	$17.9M	-15,365,000
SEA LTDSEA LTD NOTE 2.375%12/0	principal	9,978,000	$17.7M	-433,000
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1	principal	19,275,000	$17.3M	+10,500,000
NORTHERN OIL & GAS INCNORTHERN OIL & GAS INC NOTE 3.625% 4/1	principal	15,500,000	$16.2M	new
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1	principal	11,437,000	$13.7M	0
CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0	principal	12,500,000	$13.3M	new
WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1	principal	10,000,000	$11.4M	0
ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1	principal	10,000,000	$10.3M	+1,500,000
BLOOM ENERGY CORPBLOOM ENERGY CORP Bond	principal	6,880,000	$10.2M	new
TXNM ENERGY INCTXNM ENERGY INC NOTE 5.750% 6/0	principal	7,000,000	$9.11M	new

Sold out in Q2 2025

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

The largest 100 of 383. All 383

Security	Shares before	Value before	Type
BEACON ROOFING SUPPLY INCBEACON ROOFING SUPPLY INC	744,640	$92.1M	shares
DISCOVER FINL SVCSDISCOVER FINL SVCS	507,338	$86.6M	shares
VEREN INCVEREN INC	12,656,076	$83.7M	shares
PAYCOR HCM INCPAYCOR HCM INC	3,672,360	$82.4M	shares
BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC	1,118,266	$78.1M	shares
PLAYA HOTELS & RESORTS NVPLAYA HOTELS & RESORTS NV	4,969,952	$66.2M	shares
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	435,715	$57.5M	shares
FIRSTENERGY CORPFIRSTENERGY CORP	56,650,000	$57.4M	principal
PACTIV EVERGREEN INCPACTIV EVERGREEN INC	3,084,826	$55.6M	shares
H&E EQUIPMENT SERVICES INCH&E EQUIPMENT SERVICES INC	512,725	$48.6M	shares
ACCOLADE INCACCOLADE INC	5,750,393	$40.1M	shares
CHIMERIX INC COMCHIMERIX INC COM	3,917,413	$33.3M	shares
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC	28,797,000	$27.3M	principal
CHURCHILL CAPITAL CORP IXCHURCHILL CAPITAL CORP IX	2,422,158	$25.9M	shares
FIRST BANCSHARES INC MISSFIRST BANCSHARES INC MISS	758,210	$25.6M	shares
VOYAGER ACQUISITION CORPVOYAGER ACQUISITION CORP	2,156,220	$22.1M	shares
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	1,998,000	$20.5M	shares
LAUNCH TWO ACQUISITION CORP.LAUNCH TWO ACQUISITION CORP.	1,980,000	$20.2M	shares
RACURITHM ACQUISITION CORP	1,980,000	$20M	shares
WINNEBAGO INDS INCWINNEBAGO INDS INC	22,700,000	$19.8M	principal
MLACUMOUNTAIN LAKE ACQUISITION CO	1,900,000	$19.6M	shares
ALFUUCENTURION ACQUISITION CORP	1,856,250	$19.1M	shares
VINE HILL CAP INVT CORP.VINE HILL CAP INVT CORP.	1,800,000	$18.5M	shares
MIDDLEBY CORPMIDDLEBY CORP	15,000,000	$18.1M	principal
SANDY SPRING BANCORP INCSANDY SPRING BANCORP INC	645,406	$18M	shares
LOKVULIVE OAK ACQUISITION CORP V	1,750,000	$17.6M	shares
FERAUFIFTH ERA ACQUISITION CORP I	1,500,000	$15.1M	shares
NEWBURY STR II ACQUISITION CNEWBURY STR II ACQUISITION C	1,450,000	$14.7M	shares
POLEUANDRETTI ACQUISITION CORP II	1,400,000	$14.3M	shares
TDACUTRANSLATIONAL DEV ACQUISITIO	1,300,000	$13.2M	shares
SVCCUSTELLAR V CAP CORP	1,300,000	$13.2M	shares
ATIIUARCHIMEDES TECH SPAC PARTNER	1,300,000	$13.1M	shares
WILLOW LANE ACQUISITION CORPWILLOW LANE ACQUISITION CORP	1,250,000	$12.7M	shares
NHICUNEWHOLD INVT CORP III	1,250,000	$12.6M	shares
KFIIUK&F GROWTH ACQUISITION CORP	1,250,000	$12.6M	shares
AVGOBROADCOM INC	68,923	$11.5M	shares
KNXKNIGHT-SWIFT TRANSN HLDGS IN	262,171	$11.4M	shares
SYFSYNCHRONY FINANCIAL	214,910	$11.4M	shares
ADIANALOG DEVICES INC	55,608	$11.2M	shares
OKTAOKTA INC	103,952	$10.9M	shares
TRITHOMSON REUTERS CORP	62,316	$10.8M	shares
DRDBUROMAN DBDR ACQUISITION CORP	1,000,000	$10.5M	shares
SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC	11,210,000	$10.5M	principal
SMSM ENERGY COMPANY	346,986	$10.4M	shares
USFDUS FOODS HLDG CORP	152,278	$9.97M	shares
HSTHOST HOTELS & RESORTS INC	695,562	$9.88M	shares
AWIARMSTRONG WORLD INDS INC NEW	69,940	$9.85M	shares
GSHRUGESHER ACQUISITION CORP. II	900,000	$9.03M	shares
PG&E CORPPG&E CORP	200,000	$8.79M	shares
CEGCONSTELLATION ENERGY CORP	42,744	$8.62M	shares
COHEN CIRCLE ACQUISITION CO…COHEN CIRCLE ACQUISITION COR UNIT…	714,309	$8.57M	shares
DRAFTKINGS INC NEWDRAFTKINGS INC NEW	9,594,000	$8.37M	principal
RANGURANGE CAP ACQUISITION CORP	800,000	$8.22M	shares
BWXTBWX TECHNOLOGIES INC	82,150	$8.1M	shares
RJFRAYMOND JAMES FINL INC	56,969	$7.91M	shares
SFSTIFEL FINL CORP	78,863	$7.43M	shares
HDHOME DEPOT INC	19,543	$7.16M	shares
BROOGE ENERGY LTDBROOGE ENERGY LTD	5,630,899	$7.15M	shares
HVIIUHENNESSY CAP INVT CORP VII	700,000	$7.05M	shares
TMOTHERMO FISHER SCIENTIFIC INC	14,084	$7.01M	shares
IRINGERSOLL RAND INC	84,877	$6.79M	shares
BRKRBRUKER CORP	160,571	$6.7M	shares
DDOGDATADOG INC	66,792	$6.63M	shares
PNCPNC FINL SVCS GROUP INC	37,226	$6.54M	shares
RHPRYMAN HOSPITALITY PPTYS INC	68,719	$6.28M	shares
JACSUJACKSON ACQUISITION CO II	600,000	$6.17M	shares
SBXDUSILVERBOX CORP IV	594,000	$6.09M	shares
AACBUARTIUS II ACQUISITION INC	600,000	$6.07M	shares
TWLOTWILIO INC	60,850	$5.96M	shares
FLUTFLUTTER ENTMT PLC	26,823	$5.94M	shares
IBKRINTERACTIVE BROKERS GROUP IN	34,504	$5.71M	shares
UPSTUPSTART HLDGS INC	121,701	$5.6M	shares
COLDAMERICOLD REALTY TRUST INC	235,535	$5.05M	shares
PLMKUPLUM ACQUISITION CORP IV	500,000	$5.05M	shares
GVAGRANITE CONSTR INC	66,962	$5.05M	shares
RPRXROYALTY PHARMA PLC	161,496	$5.03M	shares
MTSIMACOM TECH SOLUTIONS HLDGS I	48,709	$4.89M	shares
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	470,071	$4.79M	shares
PFGCPERFORMANCE FOOD GROUP CO	60,919	$4.79M	shares
AIZASSURANT INC	22,180	$4.65M	shares
TFCTRUIST FINL CORP	103,069	$4.24M	shares
ROKUROKU INC	59,673	$4.2M	shares
NXPINXP SEMICONDUCTORS N V	21,816	$4.15M	shares
BEAGUBOLD EAGLE ACQUISITION CORP	400,000	$4.13M	shares
LBRTLIBERTY ENERGY INC	252,635	$4M	shares
NCL CORP LTDNCL CORP LTD	4,000,000	$3.98M	principal
TGTTARGET CORP	37,032	$3.86M	shares
MACIUMELAR ACQUISITION CORP. I	371,250	$3.82M	shares
ESEVERSOURCE ENERGY	61,458	$3.82M	shares
CIENCIENA CORP	59,933	$3.62M	shares
AFGAMERICAN FINANCIAL GROUP INC	27,334	$3.59M	shares
AXSAXIS CAP HLDGS LTD	35,781	$3.59M	shares
DYNCUDYNAMIX CORP	350,000	$3.54M	shares
AEEAMEREN CORP	35,068	$3.52M	shares
COOCOOPER COS INC	40,669	$3.43M	shares
LSTRLANDSTAR SYS INC	22,363	$3.36M	shares
ELANELANCO ANIMAL HEALTH INC	311,514	$3.27M	shares
AVYAVERY DENNISON CORP	17,799	$3.17M	shares
NDAQNASDAQ INC	40,665	$3.08M	shares
INFLECTION POINT ACQUISITIONINFLECTION POINT ACQUISITION	300,000	$3.05M	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 0001104659-25-076542	base		2025-08-12	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC