Shaolin Capital Management LLC

13F filer, CIK 1766806, Miami, FL

Shaolin Capital Management LLC reported $2,316,370,555 across 328 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 55.5% of the portfolio.

Filed 2025-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 03:02:25 UTC13F-HR 0001172661-25-005092

Period: 2025-09-30
Reported value: $2.32B
Holdings: 328
Top 10 weight: 55.5%
New: 121
Sold out: 70

Largest buys vs the previous quarter

Security	Shares change	Approx. value
APOLLO GLOBAL MGMT INCadded	+700,000	$49.4M
NEEnew	+535,000	$26.8M
HEWLETT PACKARD ENTERPRISE Cadded	+389,385	$26.6M
BAPRAadded	+306,448	$21.6M
IRENnew	+386,697	$18.1M

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.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
KIMCO REALTY CORPreduced	-22,197,359	-$1.33B
NEEreduced	-810,706	-$61.2M
BLUWUexited	-907,459	-$9.08M
JENAUexited	-800,000	-$8.22M
FLYYexited	-1,413,482	-$7.05M

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 0001172661-25-005092, largest first. % of portfolio is the value over $2,093,241,131, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
APOLLO GLOBAL MGMT INCAPOLLO GLOBAL MGMT INC	2,850,000	$201M	9.6%	+700,000
HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE C	2,554,385	$174M	8.33%	+389,385
BAPRABOEING CO	1,454,795	$102M	4.9%	+306,448	Timeline
NEENEXTERA ENERGY INC	535,000	$26.8M	1.28%	new	Timeline
IRENIREN LIMITED	386,697	$18.1M	0.87%	new	Timeline
WOLFWOLFSPEED INC	591,613	$16.9M	0.81%	new	Timeline
BTDRBITDEER TECHNOLOGIES GROUP	823,501	$14.1M	0.67%	+173,834	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	189,261	$12.2M	0.58%	-24,302	Timeline
OTGAUOTG ACQUISITION CORP. I	1,150,000	$11.6M	0.55%	new	Timeline
LCIDLUCID GROUP INC	486,472	$11.6M	0.55%	new	Timeline
NEENEXTERA ENERGY INC	147,274	$11.1M	0.53%	-810,706	Timeline
GSRFUGSR IV ACQUISITION CORP	900,000	$9.12M	0.44%	new	Timeline
HVMCUHIGHVIEW MERGER CORP	840,000	$8.5M	0.41%	new	Timeline
KCHVKOCHAV DEFENSE ACQUI CO	800,000	$8.02M	0.38%	new	Timeline
DMIIUDRUGS MADE IN AMER ACQ II CO	800,000	$7.96M	0.38%	new	Timeline
BCARD. BORAL ARC ACQ I CORP.	799,000	$7.93M	0.38%	new	Timeline
LITELUMENTUM HLDGS INC	47,000	$7.65M	0.37%	new	Timeline
SVACUSPRING VY ACQUISITION CORP I	700,000	$7.2M	0.34%	new	Timeline
PACHPIONEER ACQUISITION I CORP	700,000	$6.97M	0.33%	new	Timeline
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	682,005	$6.9M	0.33%	+407,005
MBVIUM3-BRIGADE ACQUISITION VI CO	650,000	$6.58M	0.31%	new	Timeline
NMPNMP ACQUISITION CORP	650,000	$6.45M	0.31%	new	Timeline
MCHPPMICROCHIP TECHNOLOGY INC.	105,753	$6.27M	0.3%	new	Timeline
SOCASOLARIUS CAPITAL ACQU CORP	604,600	$6.02M	0.29%	new	Timeline
EVACEQV VENTURES AC CORP. II	600,000	$5.97M	0.29%	new	Timeline
VNMEVENDOME ACQUISITION CORP I	590,907	$5.87M	0.28%	new	Timeline
MKLYUMCKINLEY ACQUISITION CORP	550,000	$5.49M	0.26%	new	Timeline
BLUWBLUE WTR ACQUISITION CORP. I	547,806	$5.46M	0.26%	new	Timeline
GTERAGLOBA TERRA ACQUISITION COR	545,400	$5.44M	0.26%	new	Timeline
DDOGDATADOG INC	37,750	$5.38M	0.26%	+6,050	Timeline
FACCARTESIAN GROWTH CORP III	500,000	$5.02M	0.24%	-300,000	Timeline
BLZRUTRAILBLAZER ACQUISITION CORP	488,524	$5M	0.24%	new	Timeline
BOXBOX INC	154,326	$4.98M	0.24%	+83,399	Timeline
PAIIPYROPHYTE ACQUISITION CORP.	500,000	$4.98M	0.24%	new	Timeline
LWACLIGHTWAVE ACQUISITION CORP	500,000	$4.97M	0.24%	new	Timeline
GTENGORES HLDGS X INC	450,000	$4.59M	0.22%	-522,889	Timeline
KIMCO REALTY CORPKIMCO REALTY CORP	75,991	$4.56M	0.22%	-22,197,359
COPLCOPLEY ACQUISITION CORP	450,000	$4.55M	0.22%	-150,000	Timeline
BTC DEV CORPBTC DEV CORP	449,480	$4.54M	0.22%	new
GALATA ACQUISITION CORP IIGALATA ACQUISITION CORP II	450,000	$4.49M	0.21%	new
INACINDIGO ACQUISITION CORP	450,000	$4.49M	0.21%	new	Timeline
SPEGSILVER PEGASUS ACQUISITION C	450,000	$4.49M	0.21%	new	Timeline
AXINAXIOM INTELLIGENCE AC CORP 1	450,000	$4.48M	0.21%	new	Timeline
SZZLSIZZLE ACQUISITION CORP. II	434,972	$4.38M	0.21%	-115,028	Timeline
ANSCAGRICULTURE & NAT SOL ACQ CO	400,000	$4.36M	0.21%	-117	Timeline
FIGXFIGX CAP ACQUISITION CORP.	434,900	$4.34M	0.21%	new	Timeline
BCSSUBAIN CAP GSS INVT CORP	429,842	$4.34M	0.21%	new	Timeline
NPACNEW PROVIDENCE ACQUISITION C	425,000	$4.32M	0.21%	+25,000	Timeline
LPAALAUNCH ONE ACQUISITION CORP	400,000	$4.2M	0.2%	+50,000	Timeline
SDHISIDDHI ACQUISITION CORP	411,268	$4.17M	0.2%	-88,732	Timeline
PCAPPROCAP ACQUISITION CORP	400,000	$4.11M	0.2%	new	Timeline
KFIIK&F GROWTH ACQUISITION CORP	402,141	$4.11M	0.2%	+2,141	Timeline
JENAJENA ACQUISITION CORP II	400,000	$4.06M	0.19%	new	Timeline
WENNWEN ACQUISITION CORP	400,000	$4.05M	0.19%	new	Timeline
KOYNUCSLM DIGITA ASSET ACQ CORP I	400,000	$4.04M	0.19%	new	Timeline
SOULSOULPOWER ACQUISITION CORP	400,000	$4.04M	0.19%	0	Timeline
ORIQORIGIN INVT CORP I	400,000	$4.02M	0.19%	new	Timeline
CCIICOHEN CIRCLE ACQUISIT CORP I	395,153	$4.01M	0.19%	new	Timeline
EGHAEGH ACQUISITION CORP.	400,000	$4M	0.19%	new	Timeline
CHENGHE ACQUISITION III COCHENGHE ACQUISITION III CO	400,000	$3.99M	0.19%	new
AEXAAMERICAN EXCEPTIONALISM ACQU	350,000	$3.83M	0.18%	new	Timeline
CVLTCOMMVAULT SYS INC	20,100	$3.79M	0.18%	new	Timeline
AACBARTIUS II ACQUISITION INC	371,756	$3.78M	0.18%	+221,756	Timeline
TVAITHAYER VENTURES ACQ CORP II	375,000	$3.77M	0.18%	new	Timeline
MTSIMACOM TECH SOLUTIONS HLDGS I	30,000	$3.73M	0.18%	+3,500	Timeline
APACUSTONEBRIDGE ACQUISITION II C	370,000	$3.69M	0.18%	new	Timeline
OACCOAKTREE ACQUISITION CORP III	350,866	$3.69M	0.18%	+156,104	Timeline
HYACHAYMAKER ACQUISITION CORP IV	325,000	$3.69M	0.18%	+200,000	Timeline
CCIXCHURCHILL CAPITAL CORP IX	350,000	$3.67M	0.18%	+150,000	Timeline
CHPGCHAMPIONSGATE ACQUISITION CO	360,021	$3.63M	0.17%	+100,018	Timeline
DRDBROMAN DBDR ACQUISITION CORP	350,000	$3.61M	0.17%	+149,647	Timeline
GSHRGESHER ACQUISITION CORP. II	350,000	$3.55M	0.17%	0	Timeline
WTGWINTERGREEN ACQUISITION CORP	352,753	$3.55M	0.17%	new	Timeline
LCCCLAKESHORE ACQUISITION III CO	350,100	$3.53M	0.17%	-200,000	Timeline
PMTRPERIMETER ACQUISITION CORP I	342,829	$3.49M	0.17%	-283,606	Timeline
BACCBLUE ACQUISITION CORP.	320,000	$3.2M	0.15%	new	Timeline
VACHVOYAGER ACQUISITION CORP	300,000	$3.15M	0.15%	0	Timeline
FACTFACT II ACQUISITION CORP	303,750	$3.13M	0.15%	+200,000	Timeline
XRPNARMADA ACQUISITION CORP II	300,000	$3.13M	0.15%	-250,000	Timeline
TMSLIVE OAK ACQUISITION CORP V	300,000	$3.06M	0.15%	0	Timeline
CEPFCANTOR EQUITY PARTNERS IV IN	300,000	$3.06M	0.15%	new	Timeline
MRLNMERLIN INC	292,170	$3.04M	0.15%	new	Timeline
TACHTITAN ACQUISITION CORP	300,000	$3.04M	0.15%	0	Timeline
CCAQCOLLECTIVE ACQUISITION CORP	300,000	$3.03M	0.14%	+100,000	Timeline
VLOSVELOS ACQUISITION I CORP	286,902	$3.03M	0.14%	+196,902	Timeline
IPCXINFLECTION PT ACQUISITION CO	300,000	$3.02M	0.14%	-89,570	Timeline
UYSCUY SCUTI ACQUISITION CORP.	279,600	$2.84M	0.14%	0	Timeline
PELIPELICAN ACQUISITION CORP SHS (	275,900	$2.78M	0.13%	+900	Timeline
CRAQCAL REDWOOD ACQUISITION CORP	275,000	$2.75M	0.13%	-75,000	Timeline
BEAGBOLD EAGLE ACQUISITION CORP	250,000	$2.6M	0.12%	-25,000	Timeline
FTWEQV VENTURES ACQUISITION C-A	250,400	$2.6M	0.12%	+400	Timeline
STARRY SEA ACQUISITION CORPSTARRY SEA ACQUISITION CORP	250,000	$2.54M	0.12%	new
HCMAHCM III ACQUISITION CORP	250,000	$2.53M	0.12%	new	Timeline
OYSEOYSTER ENTERPRISES II ACQUIS	249,654	$2.5M	0.12%	new	Timeline
OBAOXLEY BRIDGE ACQ LTD	250,000	$2.49M	0.12%	new	Timeline
TLNCUTALON CAP CORP	228,129	$2.29M	0.11%	new	Timeline
RAAQREAL ASSET ACQUISITION CORP	225,003	$2.28M	0.11%	-99,997	Timeline
DYNCDYNAMIX CORP	215,000	$2.24M	0.11%	+115,000	Timeline
SIMASIM ACQUISITION CORP. I	201,350	$2.12M	0.1%	+101,350	Timeline
FRNMPERCEPTIVE CAP SOLUTIONS COR	200,000	$2.12M	0.1%	0	Timeline
TACOBERTO ACQUISITION CORP	200,000	$2.08M	0.1%	+75,000	Timeline
TDACTRANSLATIONAL DEV ACQUISITIO	200,946	$2.08M	0.1%	0	Timeline
SBXDFSILVERBOX CORP IV	196,925	$2.06M	0.1%	+100,000	Timeline
CHACCRANE HARBOR ACQU CORP - A	202,533	$2.05M	0.1%	+2,533	Timeline
RACRITHM ACQUISITION CORP	200,000	$2.05M	0.1%	-100,000	Timeline
ATIIARCHIMEDES TECH SPAC PARTNER	200,000	$2.04M	0.1%	0	Timeline
RDAGREPUBLIC DIGITAL ACQUISITION	200,000	$2.04M	0.1%	+50,000	Timeline
NHICNEWHOLD INVT CORP III	200,000	$2.04M	0.1%	0	Timeline
BSAABEST SPAC I ACQUISITION CORP	200,110	$2.01M	0.1%	new	Timeline
ENHAA PARADISE ACQUISITION CORP	200,000	$1.98M	0.09%	new	Timeline
ALFCENTURION ACQUISITION CORP	182,794	$1.93M	0.09%	+107,794	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	4,104	$1.87M	0.09%	new	Timeline
DAAQDIGITAL ASSET ACQUISITION CO	182,050	$1.86M	0.09%	-17,950	Timeline
COLACOLUMBUS ACQUISITION CORP	175,001	$1.79M	0.09%	0	Timeline
QSEAQUARTZSEA ACQUISITION CORP	175,000	$1.77M	0.08%	-48,637	Timeline
VCICVINE HILL CAP INVT CORP.	153,000	$1.64M	0.08%	-22,210	Timeline
TVATEXAS VENTURES ACQUISITION I	150,000	$1.61M	0.08%	-100,000	Timeline
JACSJACKSON ACQUISITION CO II	150,000	$1.56M	0.07%	-217,000	Timeline
SVCCSTELLAR V CAP CORP	150,000	$1.54M	0.07%	-50,000	Timeline
DMAADRUGS MADE IN AMER ACQUTN CO	150,000	$1.54M	0.07%	+50,000	Timeline
LPBBLAUNCH TWO ACQUISITION CORP.	120,000	$1.25M	0.06%	-30,000	Timeline
HCM III ACQUISITION CORPHCM III ACQUISITION CORP	120,417	$1.24M	0.06%	new
CEPTCANTOR EQUITY PARTNERS II IN	110,000	$1.16M	0.06%	0	Timeline
LEGTLEGATO MERGER CORP III	104,082	$1.12M	0.05%	+4,082	Timeline
GPATGP-ACT III ACQUISITION CORP	100,000	$1.06M	0.05%	0	Timeline
FCRSUFUTURECREST ACQUISITION CORP	100,000	$1.06M	0.05%	new	Timeline
ALDFALDEL FINL II INC	100,100	$1.05M	0.05%	+100	Timeline
FVNFUTURE VISION II ACQUISITION	100,000	$1.05M	0.05%	0	Timeline
RANGRANGE CAP ACQUISITION CORP	100,000	$1.03M	0.05%	new	Timeline
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	98,910	$1.02M	0.05%	-65,690
ONENHENNESSY CAP INVT CORP VII	100,000	$1.02M	0.05%	-93,430	Timeline
FERAFIFTH ERA ACQUISITION CORP I	100,000	$1.02M	0.05%	0	Timeline
RFAIRF ACQUISITION CORP II	87,500	$940K	0.04%	new	Timeline
ONCH1RT ACQUISITION CORP.	79,759	$833K	0.04%	new	Timeline
HTZHERTZ GLOBAL HLDGS INC	120,384	$819K	0.04%	new	Timeline
WLACWWILLOW LANE ACQUISITION CORP	285,000	$798K	0.04%	-15,000	Timeline
INFQINFLEQTION INC	50,000	$643K	0.03%	new	Timeline
VCICWVINE HILL CAP INVT CORP.	400,000	$640K	0.03%	-51,264	Timeline
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	175,000	$621K	0.03%	new
IPEXINFLECTION POINT ACQU CORP V	59,074	$605K	0.03%	new	Timeline
Bitcoin Depot IncBitcoin Depot Inc	175,000	$588K	0.03%	-79,619
WLACWILLOW LANE ACQUISITION CORP	50,000	$579K	0.03%	-50,042	Timeline
VLOSWVELOS ACQUISITION I CORP	450,000	$549K	0.03%	0	Timeline
RTACRENATUS TACTICAL ACQUIS	50,000	$546K	0.03%	-2,295	Timeline
MCGAYORKVILLE ACQUISITION CORP.	50,000	$533K	0.03%	new	Timeline
CAEPCANTOR EQUITY PARTNERS III I	51,242	$529K	0.03%	new	Timeline
PGACPANTAGES CAPITAL ACQUISITION	50,000	$513K	0.02%	0	Timeline
XRPNWARMADA ACQUISITION CORP II	500,000	$475K	0.02%	-22,865	Timeline
DYNCWDYNAMIX CORP	225,000	$475K	0.02%	0	Timeline
KIMKIMCO REALTY CORP	20,735	$453K	0.02%	new	Timeline
BACQRINFLECTION PT ACQUISITION CORP	625,553	$425K	0.02%	+125,553	Timeline
KYIVWKYIVSTAR GROUP LTD	100,000	$406K	0.02%	new	Timeline
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	43,507	$369K	0.02%	-161,493
IPCXRINFLECTION PT ACQUISITION CO	834,377	$367K	0.02%	+96,398	Timeline
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	300,000	$360K	0.02%	+112,502
TVACWTEXAS VENTURES ACQUISITION I	325,000	$358K	0.02%	-175,000	Timeline
ADGMADAGIO MED HLDGS INC	180,000	$349K	0.02%	-436,160	Timeline
Spring Valley Acquisition C…Spring Valley Acquisition Corp II	255,000	$332K	0.02%	-295,000
KDKRWKODIAK AI INC.	300,000	$320K	0.02%	new	Timeline
USA RARE EARTH INCUSA RARE EARTH INC	40,000	$289K	0.01%	-60,000
IPEXRINFLECTION POINT ACQU CORP V	450,000	$270K	0.01%	+100,000	Timeline
DRDBWROMAN DBDR ACQUISITION CORP	500,000	$257K	0.01%	-37,994	Timeline
HVIIRHENNESSY CAP INVT CORP VII	950,000	$256K	0.01%	0	Timeline
FGMCRFG MERGER II CORP	599,468	$252K	0.01%	-532	Timeline
TACOWBERTO ACQUISITION CORP	350,000	$234K	0.01%	+50,000	Timeline
LOKVWLIVE OAK ACQUISITION CORP V	400,000	$217K	0.01%	0	Timeline
ATIIWARCHIMEDES TECH SPAC PARTNER	550,000	$214K	0.01%	-34,603	Timeline
GTENWGORES HLDGS X INC	272,150	$207K	0.01%	+4,650	Timeline
RACWSRITHM ACQUISITION CORP	309,998	$205K	0.01%	0	Timeline
LEGATO MERGER CORP IIILEGATO MERGER CORP III	549,200	$204K	0.01%	-800
TDACWTRANSLATIONAL DEV ACQUISITIO	700,000	$203K	0.01%	0	Timeline
ALDFWALDEL FINL II INC	361,154	$195K	0.01%	0	Timeline
SPKLWSPARK I ACQUISITION CORP	325,000	$195K	0.01%	-45,000	Timeline
CCIXWCHURCHILL CAPITAL CORP IX	249,600	$195K	0.01%	-25,400	Timeline
PMTRWPERIMETER ACQUISITION CORP I	317,217	$190K	0.01%	+4,716	Timeline
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	700,000	$189K	0.01%	0
ARTIUS II ACQUISITION INCARTIUS II ACQUISITION INC	750,000	$180K	0.01%	-100,000
KFIIRK&F GROWTH ACQUISITION CORP	1,200,000	$180K	0.01%	0	Timeline
CGCTWCARTESIAN GROWTH CORP III	693,600	$173K	0.01%	+37,600	Timeline
ANSCWAGRICULTURE & NAT SOL ACQ CO	600,000	$161K	0.01%	-100,000	Timeline
NMPARNMP ACQUISITION CORP	750,000	$158K	0.01%	new	Timeline
JENA ACQUISITION CORP IIJENA ACQUISITION CORP II	785,100	$157K	0.01%	new
FERARFIFTH ERA ACQUISITION CORP I	575,000	$152K	0.01%	-75,000	Timeline
PLMKWPLUM ACQUISITION CORP IV	550,000	$148K	0.01%	-100,000	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	550,000	$148K	0.01%	-50,000	Timeline
EGHAREGH ACQUISITION CORP.	700,000	$147K	0.01%	new	Timeline
NHICWNEWHOLD INVT CORP III	400,000	$144K	0.01%	+50,001	Timeline
QSEARQUARTZSEA ACQUISITION CORP	500,000	$144K	0.01%	0	Timeline
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	285,200	$143K	0.01%	-14,800
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	352,023	$139K	0.01%	+2,023
FLDDWFOLD HLDGS INC	275,929	$138K	0.01%	-88,472	Timeline
FACTWFACT II ACQUISITION CORP	491,192	$138K	0.01%	-8,808	Timeline
PYROPHYTE ACQUISITION CORP.PYROPHYTE ACQUISITION CORP.	387,500	$136K	0.01%	new
TAVIRTAVIA ACQUISITION CORP	600,000	$132K	0.01%	-150,485	Timeline
SVCCWSTELLAR V CAP CORP	375,298	$131K	0.01%	0	Timeline
MCGAWYORKVILLE ACQUISITION CORP.	108,332	$130K	0.01%	new	Timeline
LPBBWLAUNCH TWO ACQUISITION CORP.	343,858	$127K	0.01%	+20,427	Timeline
RAAQWREAL ASSET ACQUISITION CORP	278,865	$125K	0.01%	+13,865	Timeline
DMAARDRUGS MADE IN AMER ACQUTN CO	575,000	$125K	0.01%	new	Timeline
PACHWPIONEER ACQUISITION I CORP	566,223	$125K	0.01%	new	Timeline
HCMAWHCM III ACQUISITION CORP	173,330	$123K	0.01%	new	Timeline
ALFUWCENTURION ACQUISITION CORP	351,129	$119K	0.01%	+1,129	Timeline
GPATWGP-ACT III ACQUISITION CORP	450,057	$117K	0.01%	+57	Timeline
KCHVRKOCHAV DEFENSE ACQUI CO	515,485	$113K	0.01%	new	Timeline
LCCCRLAKESHORE ACQUISITION III CO	550,100	$112K	0.01%	0	Timeline
AXINRAXIOM INTELLIGENCE AC CORP 1	700,000	$112K	0.01%	new	Timeline
BCARWD. BORAL ARC ACQ I CORP.	499,499	$110K	0.01%	new	Timeline
CRANE HBR ACQUISITION CORPCRANE HBR ACQUISITION CORP	350,000	$108K	0.01%	-100,000
SDHIRSIDDHI ACQUISITION CORP	500,000	$105K	0.01%	0	Timeline
FIGXWFIGX CAP ACQUISITION CORP.	425,309	$102K	<0.01%	new	Timeline
SPEGRSILVER PEGASUS ACQUISITION C	400,000	$100K	<0.01%	new	Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	650,000	$97.6K	<0.01%	0	Timeline
LPAAWLAUNCH ONE ACQUISITION CORP	435,852	$95.9K	<0.01%	-14,148	Timeline
EQV VENTURES AC CORP. IIEQV VENTURES AC CORP. II	398,553	$95.7K	<0.01%	new
CCIIWCOHEN CIRCLE ACQUISIT CORP I	100,000	$95K	<0.01%	new	Timeline
TVAIRTHAYER VENTURES ACQ CORP II	550,000	$93.6K	<0.01%	new	Timeline
GSHRWGESHER ACQUISITION CORP. II	274,999	$92.1K	<0.01%	0	Timeline
LWACWLIGHTWAVE ACQUISITION CORP	476,503	$91.4K	<0.01%	new	Timeline
RANGRRANGE CAP ACQUISITION CORP	192,718	$90.6K	<0.01%	0	Timeline
PCAPWPROCAP ACQUISITION CORP	139,262	$90.5K	<0.01%	new	Timeline
TACHWTITAN ACQUISITION CORP	300,000	$90.4K	<0.01%	+75,001	Timeline
GRAF GLOBAL CORPGRAF GLOBAL CORP	272,905	$90.1K	<0.01%	0
SILVERBOX CORP IVSILVERBOX CORP IV	199,555	$87.8K	<0.01%	+284
VACHWVOYAGER ACQUISITION CORP	509,080	$86.5K	<0.01%	+9,080	Timeline
UYSCRUY SCUTI ACQUISITION CORP.	320,200	$86.5K	<0.01%	+80,600	Timeline
OACCWOAKTREE ACQUISITION CORP III	115,000	$86.2K	<0.01%	0	Timeline
BKHARBLACK HAWK ACQUISITION CORP	50,000	$85K	<0.01%	0	Timeline
NPACWNEW PROVIDENCE ACQUISITION C	191,665	$84.3K	<0.01%	+33,333	Timeline
NTWOWNEWBURY STR II ACQUISITION C	330,000	$84K	<0.01%	0	Timeline
SIMAWSIM ACQUISITION CORP. I	225,000	$83.2K	<0.01%	-25,000	Timeline
CUBWWLIONHEART HOLDINGS	325,000	$82.9K	<0.01%	-50,000	Timeline
WENNWWEN ACQUISITION CORP	147,473	$82.6K	<0.01%	new	Timeline
INACRINDIGO ACQUISITION CORP	500,000	$80K	<0.01%	new	Timeline
Spring Valley Acquisition C…Spring Valley Acquisition Corp II	150,000	$78K	<0.01%	-100,000
RTACWRENATUS TACTICAL ACQUIS	64,447	$77.3K	<0.01%	+39,447	Timeline
CRAQRCAL REDWOOD ACQUISITION CORP	350,000	$77K	<0.01%	-76,490	Timeline
OYSEROYSTER ENTERPRISES II ACQUIS	450,000	$76.5K	<0.01%	new	Timeline
SOULPOWER ACQUISITION CORPSOULPOWER ACQUISITION CORP	393,200	$74.7K	<0.01%	-6,800
AA MISSION ACQUISITI…AA MISSION ACQUISITION …	450,000	$72K	<0.01%	-25,000
SOCAWSOLARIUS CAPITAL ACQU CORP	289,000	$71.7K	<0.01%	new	Timeline
GTERRGLOBA TERRA ACQUISITION COR	471,840	$70.8K	<0.01%	new	Timeline
CHPGRCHAMPIONSGATE ACQUISITION CO	502,354	$70.3K	<0.01%	0	Timeline
POLEWANDRETTI ACQUISITION CORP II	350,700	$70.1K	<0.01%	+700	Timeline
SZZLRSIZZLE ACQUISITION CORP. II	383,500	$69K	<0.01%	-16,500	Timeline
ALCWFALCHEMY INVTS ACQUISITN CORP	400,000	$68K	<0.01%	0	Timeline
RDAGWREPUBLIC DIGITAL ACQUISITION	99,999	$65K	<0.01%	-1	Timeline
AFJKRAIMEI HEALTH TECHNOLOGY CO L	199,220	$63.8K	<0.01%	0	Timeline
DAAQWDIGITAL ASSET ACQUISITION CO	100,000	$61K	<0.01%	0	Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	217,614	$60.9K	<0.01%	0
GTERWGLOBA TERRA ACQUISITION COR	401,500	$58.2K	<0.01%	new	Timeline
APADRA PARADISE ACQUISITION CORP	374,000	$58K	<0.01%	new	Timeline
VNMEWVENDOME ACQUISITION CORP I	287,498	$57.5K	<0.01%	new	Timeline
CCAQWCOLLECTIVE ACQUISITION CORP	269,921	$56.8K	<0.01%	0	Timeline
BACCRBLUE ACQUISITION CORP.	350,000	$56.5K	<0.01%	new	Timeline
WINTERGREEN ACQUISITION CORPWINTERGREEN ACQUISITION CORP	353,053	$56.5K	<0.01%	new
COPLEY ACQUISITION CORPCOPLEY ACQUISITION CORP	271,440	$54.5K	<0.01%	0
FVNNRFUTURE VISION II ACQUISITION	300,000	$54K	<0.01%	0	Timeline
BLUWWBLUE WTR ACQUISITION CORP. I	375,000	$53.2K	<0.01%	new	Timeline
ISLWFISRAEL ACQUISITIONS CORP WT EX	275,000	$50.2K	<0.01%	-25,000	Timeline
COLARCOLUMBUS ACQUISITION CORP	275,300	$49.6K	<0.01%	0	Timeline
PELIRPELICAN ACQUISITION CORP RT	175,000	$47.2K	<0.01%	0	Timeline
HSPTRHORIZON SPACE ACQUISITION II	310,000	$46.5K	<0.01%	0	Timeline
BGLWWBLUE GOLD LTD	100,000	$45.8K	<0.01%	new	Timeline
DTSQRDT CLOUD STAR ACQUISITION CO	300,000	$45K	<0.01%	0	Timeline
BZAIWBLAIZE HLDGS INC	70,000	$43.5K	<0.01%	-80,000	Timeline
OBAWWOXLEY BRIDGE ACQ LTD	245,000	$41.7K	<0.01%	new	Timeline
MELAR ACQUISITION CORP. IMELAR ACQUISITION CORP. I	250,000	$39.1K	<0.01%	0
DAICWCID HOLDCO INC	242,800	$37K	<0.01%	-107,200	Timeline
ORIQWORIGIN INVT CORP I	200,000	$36K	<0.01%	new	Timeline
ANNAWALEANNA INC	173,316	$32.9K	<0.01%	-15,896	Timeline
THCHTH INTERNATIONAL LIMITED	12,599	$32.6K	<0.01%	0	Timeline
PGACRPANTAGES CAPITAL ACQUISITION	160,000	$32K	<0.01%	0	Timeline
NOEMWCO2 ENERGY TRANSITION CORP	186,992	$31.6K	<0.01%	+1,475	Timeline
NAMMWNAMIB MINERALS	225,000	$31.5K	<0.01%	-125,000	Timeline
CAPNRCAYSON ACQUISITION CORP	159,600	$28.6K	<0.01%	0	Timeline
DYCQRDT CLOUD ACQUISITION CORP RT 0	158,103	$28.5K	<0.01%	0	Timeline
SPWRWSUNPOWER INC	100,000	$26.6K	<0.01%	0	Timeline
Horizon Space Acquisition I…Horizon Space Acquisition I Corp	375,000	$26.2K	<0.01%	0
HORIZON SPACE ACQUSTN I CORPHORIZON SPACE ACQUSTN I CORP	150,000	$24K	<0.01%	0
BAYARBAYVIEW ACQUISITION CORP	133,919	$21.4K	<0.01%	0	Timeline
ONCHW1RT ACQUISITION CORP.	19,938	$17.7K	<0.01%	new	Timeline
ATMCWALPHATIME ACQUISITION CORP RED	208,500	$14.9K	<0.01%	0	Timeline
VGASWVERDE CLEAN FUELS INC	138,980	$14.3K	<0.01%	-11,020	Timeline
SBCWWSBC MED GROUP HLDGS INC	65,000	$13.6K	<0.01%	-35,000	Timeline
BRLSWBOREALIS FOODS INC	149,620	$11.4K	<0.01%	-75,380	Timeline
SOUTHLAND HLDGS INCSOUTHLAND HLDGS INC	45,024	$8.69K	<0.01%	-29,976
SCAGWSCAGE FUTURE	175,000	$8.33K	<0.01%	-150,000	Timeline
BSAARBEST SPAC I ACQUISITION CORP	50,000	$7K	<0.01%	new	Timeline
VEEAWVEEA INC	93,200	$6.52K	<0.01%	-6,800	Timeline
KVACWKEEN VISION ACQUISITION CORP	92,178	$5.55K	<0.01%	0	Timeline
KIDZWKIDZ AI INC	60,000	$4.81K	<0.01%	-90,000	Timeline
FORLWWTS/FOUR LEAF ACQUISITION CORPORA…	122,415	$4.37K	<0.01%	0	Timeline
GIBO HOLDINGS LTD.GIBO HOLDINGS LTD.	70,000	$2.45K	<0.01%	-12,674
Oak Woods Acquisition CorpOak Woods Acquisition Corp	17,298	$605	<0.01%	0

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
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	125,000	$83.3M	-562,500
LCIDLUCID GROUP INC Stock	put	1,660,600	$39.5M	new
BTUPEABODY ENGR CORP COM	call	750,000	$19.4M	new
NEENEXTERA ENERGY INC COM	call	250,000	$18.9M	new
PCTPURECYCLE TECHNOLOGIES INC COM	put	1,125,000	$14.8M	+1,000,000
HPEHEWLETT PACKARD ENTERPRISE C Stock	put	500,000	$12.3M	0
FOURSHIFT4 PMTS INC Stock	put	150,000	$11.6M	new
PAASPAN AMERN SILVER CORP COM	put	250,000	$9.68M	new
MCHPMICROCHIP TECHNOLOGY INC. Stock	call	75,000	$4.82M	new
DDOGDATADOG INC STOK	call	25,000	$3.56M	new
PCTPURECYCLE TECHNOLOGIES INC COM	call	250,000	$3.29M	new
GMEGAMESTOP CORP CL A	call	75,000	$2.05M	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
DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND	principal	155,500,000	$170M	-59,500,000
CNX RES CORPCNX RES CORP NOTE 2.250% 5/0	principal	63,500,000	$159M	+14,000,000
FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0	principal	92,562,000	$97.9M	+77,562,000
DROPBOX INCDROPBOX INC NOTE 3/0	principal	75,000,000	$77.6M	+7,500,000
THE REALREAL INCTHE REALREAL INC DEBT 4.000% 2/1	principal	48,250,000	$62.3M	+10,750,000
PEABODY ENGR CORPPEABODY ENGR CORP NOTE 3.250% 3/0	principal	41,250,000	$62.3M	-6,250,000
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1	principal	44,500,000	$54.3M	new
TXNM ENERGY INCTXNM ENERGY INC NOTE 5.750% 6/0	principal	38,100,000	$50.5M	-1,900,000
SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1	principal	32,500,000	$44.4M	new
PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1	principal	44,000,000	$44M	-6,000,000
Dropbox IncDropbox Inc Convertible bond	principal	35,000,000	$34.6M	new
PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1	principal	26,600,000	$32.3M	+4,600,000
Dynavax Technologies Corp.Dynavax Technologies Corp. CCB	principal	29,000,000	$31.9M	+14,820,000
FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1	principal	25,000,000	$25.3M	new
Q2 HLDGS INCQ2 HLDGS INC NOTE 0.125%11/1	principal	23,175,000	$23M	new
GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0	principal	22,250,000	$15.9M	-11,250,000
PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNV	principal	12,500,000	$13.6M	-45,000,000
Shopify IncShopify Inc Convertible bond	principal	11,600,000	$12.2M	new
PENN ENTERTAINMENT INCPENN ENTERTAINMENT INC NOTE 2.750% 5/1	principal	7,000,000	$7.32M	new
ZYNGA INCZYNGA INC NOTE 12/1	principal	5,000,000	$5.39M	0
WORKIVA INCWORKIVA INC NOTE 1.125% 8/1	principal	4,500,000	$5.31M	0
BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1	principal	4,500,000	$902K	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
CINEMARK HLDGS INCCINEMARK HLDGS INC	75,000,000	$160M	principal
EVERGY INCEVERGY INC	117,500,000	$138M	principal
AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC	118,600,000	$122M	principal
INTEGRA LIFESCIENCES HLDGS CINTEGRA LIFESCIENCES HLDGS C	87,500,000	$86.9M	principal
HYGISHARES TR	1,000,000	$80.7M	put
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP	53,830,000	$63.7M	principal
WESTERN DIGITAL CORPWESTERN DIGITAL CORP	25,000,000	$45M	principal
WOLFSPEED INCWOLFSPEED INC	155,000,000	$39.2M	principal
PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR	37,500,000	$35.5M	principal
WEC ENERGY GROUP INCWEC ENERGY GROUP INC	27,500,000	$31.1M	principal
MCHPMICROCHIP TECHNOLOGY INC.	375,000	$26.4M	put
GREEN PLAINS INCGREEN PLAINS INC	25,350,000	$21.7M	principal
BABOEING CO	100,000	$21M	put
NEENEXTERA ENERGY INC	250,000	$17.4M	put
BLUWUBLUE WTR ACQUISITION CORP. I	907,459	$9.08M	shares
JENAUJENA ACQUISITION CORP II	800,000	$8.22M	shares
FLYYSPIRIT AVIATION HLDGS INC COM(	1,413,482	$7.05M	shares
PACHUPIONEER ACQUISITION I CORP	650,000	$6.5M	shares
KCHVUKOCHAV DEFENSE ACQUI CO	600,000	$6.11M	shares
EGHAUEGH ACQUISITION CORP.	500,000	$5.09M	shares
BACCUBLUE ACQUISITION CORP.	500,000	$5.02M	shares
TVAIUTHAYER VENTURES ACQ CORP II	450,000	$4.57M	shares
AXINUAXIOM INTELLIGENCE AC CORP 1	450,000	$4.54M	shares
OBAWUOXLEY BRIDGE ACQ LTD	440,000	$4.4M	shares
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	425,000	$4.38M	shares
LIGHTWAVE ACQUISITION CORPLIGHTWAVE ACQUISITION CORP	400,000	$4.02M	shares
FOURSHIFT4 PMTS INC	34,154	$3.39M	shares
WISDOMTREE INCWISDOMTREE INC	3,000,000	$3.36M	principal
HELIX ACQUISITION CORP IIHELIX ACQUISITION CORP II	292,338	$3.1M	shares
OYSTER ENTERPRISES II ACQUISOYSTER ENTERPRISES II ACQUIS	300,000	$3.04M	shares
GHGUARDANT HEALTH INC	55,000	$2.86M	shares
NCL CORP LTDNCL CORP LTD	2,500,000	$2.84M	principal
LYFTLYFT INC	177,500	$2.8M	shares
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	200,000	$2.22M	shares
PROCAP ACQUISITION CORPPROCAP ACQUISITION CORP	183,937	$1.97M	shares
WENNUWEN ACQUISITION CORP	158,824	$1.68M	shares
WTGUUWINTERGREEN ACQUISITION CORP	150,053	$1.51M	shares
FIGX CAP ACQUISITION CORP.FIGX CAP ACQUISITION CORP.	138,756	$1.39M	shares
SEDGSOLAREDGE TECHNOLOGIES INC	66,800	$1.36M	shares
PSECPROSPECT CAP CORP	400,000	$1.27M	put
ARES ACQUISITION CORP IIARES ACQUISITION CORP II	100,000	$1.13M	shares
MCGAUYORKVILLE ACQUISITION CORP.	100,000	$1.12M	shares
CEPOCANTOR EQUITY PARTNERS I INC	90,000	$1.07M	shares
WOLFSPEED INCWOLFSPEED INC	2,500,000	$1M	put
XMTRXOMETRY INC	21,790	$736K	shares
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	50,000	$555K	shares
BSAAUBEST SPAC I ACQUISITION CORP	50,000	$502K	shares
COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR	40,000	$439K	shares
ARES ACQUISITION CORP II-28ARES ACQUISITION CORP II-28	350,000	$385K	shares
DMY SQUARED TECHNOLOGY GROUPDMY SQUARED TECHNOLOGY GROUP	175,000	$334K	shares
COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION …	162,520	$325K	shares
BULLWWEBULL CORP	75,000	$303K	shares
BTMWQBITCOIN DEPOT INC	500,000	$199K	shares
PSECPROSPECT CAP CORP	50,000	$159K	shares
JVSPAC ACQUISITION CORPJVSPAC ACQUISITION CORP	70,000	$60.9K	shares
CRMLWCRITICAL METALS CORP	127,377	$58.1K	shares
REALTHE REALREAL INC	10,556	$50.6K	shares
NXATWNEXUS ADVANCED TECHNOLOGIES	275,000	$37.6K	shares
Chenghe Acquisition II CoChenghe Acquisition II Co	249,300	$21.9K	shares
HPAIWHELPORT AI LTD	90,000	$19.8K	shares
CRGOWFREIGHTOS LTD	87,996	$17.5K	shares
LAVORO LTD WT EXP (CYM)LAVORO LTD WT EXP (CYM)	453,401	$16.1K	shares
AENTWALLIANCE ENTERTAINMENT HOLDI	80,000	$14.4K	shares
BDMDWBAIRD MED INVT HLDGS LTD	175,000	$14K	shares
CN HEALTHY FOOD TECH GROUP CCN HEALTHY FOOD TECH GROUP C	225,566	$13.5K	shares
NIOBWNIOCORP DEVS LTD	25,000	$12.7K	shares
GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INC	105,363	$10.2K	shares
PSQ HOLDINGS INCPSQ HOLDINGS INC	25,000	$5.25K	shares
EMCWFEMBRACE CHANGE ACQUISITION COR	190,000	$3.8K	shares
WOLFSPEED INCWOLFSPEED INC	3,200	$1.28K	call

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 0001172661-25-005092	base		2025-11-14	acceptance time not in the bulk data set	2026-10-07 03:02:25 UTC