TENOR CAPITAL MANAGEMENT Co., L.P.

13F filer, CIK 1346554, NEW YORK, NY

TENOR CAPITAL MANAGEMENT Co., L.P. reported $7,017,912,085 across 302 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 21.71% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001346554-25-000019

Period: 2025-03-31
Reported value: $7.02B
Holdings: 302
Top 10 weight: 21.71%
New: 55
Sold out: 44

Largest buys vs the previous quarter

Security	Shares change	Approx. value
ZIFF DAVIS INCnew	+94,500,000	$88.5M
KFIIUnew	+2,000,000	$20.2M
Dynavax Technologies Corpnew	+20,000,000	$19.8M
ATIIUnew	+1,500,000	$15.2M
LOKVUnew	+1,500,000	$15.1M

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
DRDBUexited	-1,010,000	-$10.1M
TDACUexited	-635,399	-$6.37M
FACTUexited	-600,000	-$5.99M
RANGUexited	-500,000	-$5.03M
MLACUexited	-500,000	-$5.01M

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

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001346554-25-000019, largest first. % of portfolio is the value over $7,017,911,977, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
ZIFF DAVIS INCZIFF DAVIS INC	94,500,000	$88.5M	1.26%	new
KFIIUK&F GROWTH ACQUISITION CORP	2,000,000	$20.2M	0.29%	new	Timeline
Dynavax Technologies CorpDynavax Technologies Corp	20,000,000	$19.8M	0.28%	new
ATIIUARCHIMEDES TECH SPAC PARTNER	1,500,000	$15.2M	0.22%	new	Timeline
LOKVULIVE OAK ACQUISITION CORP V	1,500,000	$15.1M	0.22%	new	Timeline
HVIIUHENNESSY CAP INVT CORP VII	1,500,000	$15.1M	0.22%	new	Timeline
FERAUFIFTH ERA ACQUISITION CORP I	1,500,000	$15.1M	0.22%	new	Timeline
CEPOCANTOR EQUITY PARTNERS I INC	1,268,007	$13M	0.19%	new	Timeline
DRDBROMAN DBDR ACQUISITION CORP	1,110,000	$11.1M	0.16%	new	Timeline
NHICUNEWHOLD INVT CORP III	800,000	$8.06M	0.11%	new	Timeline
GSHRUGESHER ACQUISITION CORP. II	769,478	$7.72M	0.11%	new	Timeline
PLMKPLUM ACQUISITION CORP IV	700,000	$7.03M	0.1%	new	Timeline
SVCCSTELLAR V CAP CORP	675,179	$6.75M	0.1%	new	Timeline
TDACTRANSLATIONAL DEV ACQUISITIO	635,399	$6.4M	0.09%	new	Timeline
ALDFALDEL FINL II INC	625,800	$6.2M	0.09%	0	Timeline
BEAGBOLD EAGLE ACQUISITION CORP	600,000	$6.09M	0.09%	0	Timeline
FACTFACT II ACQUISITION CORP	600,000	$6.01M	0.09%	new	Timeline
COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR	500,000	$5.61M	0.08%	0
RANGRANGE CAP ACQUISITION CORP	500,000	$5.03M	0.07%	new	Timeline
MLACMOUNTAIN LAKE ACQUISITION CO	500,000	$5.03M	0.07%	new	Timeline
ITGRINTEGER HLDGS CORP	41,188	$4.86M	0.07%	new	Timeline
TONTGRAF GLOBAL CORP	400,000	$4.1M	0.06%	0	Timeline
LPAALAUNCH ONE ACQUISITION CORP	400,000	$4.08M	0.06%	0	Timeline
JACSJACKSON ACQUISITION CO II	400,000	$4.03M	0.06%	new	Timeline
ALFCENTURION ACQUISITION CORP	300,000	$3.09M	0.04%	0	Timeline
OACCOAKTREE ACQUISITION CORP III	300,000	$3.07M	0.04%	0	Timeline
VACHVOYAGER ACQUISITION CORP	300,000	$3.05M	0.04%	0	Timeline
RACURITHM ACQUISITION CORP	300,000	$3.03M	0.04%	new	Timeline
CUBLIONHEART HOLDINGS	250,000	$2.57M	0.04%	0	Timeline
VLOSVELOS ACQUISITION I CORP	250,000	$2.56M	0.04%	0	Timeline
LPBBLAUNCH TWO ACQUISITION CORP.	250,000	$2.53M	0.04%	0	Timeline
NTWONEWBURY STR II ACQUISITION C	249,418	$2.51M	0.04%	0	Timeline
CCIXCHURCHILL CAPITAL CORP IX	200,000	$2.16M	0.03%	0	Timeline
WLACWILLOW LANE ACQUISITION CORP	185,916	$1.86M	0.03%	0	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	175,000	$1.84M	0.03%	0
INFLECTION POINT ACQU CORP VINFLECTION POINT ACQU CORP V	125,000	$1.27M	0.02%	new
BTDRBITDEER TECHNOLOGIES GROUP	133,800	$1.18M	0.02%	+200	Timeline
ARES ACQUISITION CORP IIARES ACQUISITION CORP II	100,000	$1.11M	0.02%	0
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	100,000	$1.09M	0.02%	0
CANTOR EQUITY PARTNERS INCCANTOR EQUITY PARTNERS INC	100,000	$1.07M	0.02%	0
FRNMPERCEPTIVE CAP SOLUTIONS COR	100,000	$1.03M	0.01%	0	Timeline
IBACIB ACQUISITION CORP	100,000	$1.03M	0.01%	0	Timeline
IRENIREN LIMITED	154,679	$942K	0.01%	0	Timeline
HYACHAYMAKER ACQUISITION CORP IV	50,099	$551K	0.01%	0	Timeline
GRPNGROUPON INC	29,150	$547K	0.01%	-29,150	Timeline
SPKLFSPARK I ACQUISITION CORP	50,000	$540K	0.01%	0	Timeline
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	50,000	$500K	0.01%	0
LEGTLEGATO MERGER CORP III	40,000	$420K	0.01%	0	Timeline
BKHABLACK HAWK ACQUISITION CORP	35,000	$369K	0.01%	0	Timeline
GCM GROSVENOR INCGCM GROSVENOR INC	200,902	$350K	<0.01%	0
COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION …	166,666	$300K	<0.01%	0
SHMDWSCHMID GROUP N.V.	462,500	$172K	<0.01%	0	Timeline
BIGBEAR AI HLDGS INCBIGBEAR AI HLDGS INC	200,000	$164K	<0.01%	0
DRDBWROMAN DBDR ACQUISITION CORP	505,000	$162K	<0.01%	new	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	600,000	$138K	<0.01%	0	Timeline
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	400,000	$100K	<0.01%	new
ALDFWALDEL FINL II INC	312,900	$93.9K	<0.01%	0	Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	500,000	$92K	<0.01%	new	Timeline
RANGRRANGE CAP ACQUISITION CORP	500,000	$85K	<0.01%	new	Timeline
SVCCWSTELLAR V CAP CORP	337,589	$74.3K	<0.01%	new	Timeline
TDACWTRANSLATIONAL DEV ACQUISITIO	317,699	$63.5K	<0.01%	new	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	87,500	$60.4K	<0.01%	0
PLMKWPLUM ACQUISITION CORP IV	350,000	$57.6K	<0.01%	new	Timeline
FACTWFACT II ACQUISITION CORP	300,000	$54K	<0.01%	new	Timeline
UNITED HOMES GROUP INCUNITED HOMES GROUP INC	75,000	$47.6K	<0.01%	0
OACCWOAKTREE ACQUISITION CORP III	60,000	$45K	<0.01%	0	Timeline
ADSEWADS TEC ENERGY PLC	12,500	$43.5K	<0.01%	0	Timeline
SATELLOGIC INCSATELLOGIC INC	91,779	$41.4K	<0.01%	0
GRRRWGORILLA TECHNOLOGY GROUP INC	37,500	$40.7K	<0.01%	0	Timeline
CCIXWCHURCHILL CAPITAL CORP IX	50,000	$40K	<0.01%	0	Timeline
MONEYLION INCMONEYLION INC	141,750	$37.6K	<0.01%	0
AMBWQAMBIPAR EMERGENCY RESPONSE WT	150,000	$37.5K	<0.01%	0	Timeline
VLOSWVELOS ACQUISITION I CORP	125,000	$36.2K	<0.01%	0	Timeline
GRAF GLOBAL CORPGRAF GLOBAL CORP	200,000	$36K	<0.01%	0
JSPRWJASPER THERAPEUTICS INC	250,000	$35.8K	<0.01%	0	Timeline
DRTSWALPHA TAU MEDICAL LTD	150,000	$35.6K	<0.01%	0	Timeline
GLOBAL BLUE GROUP HOLDING AGGLOBAL BLUE GROUP HOLDING AG	1,500,000	$33.3K	<0.01%	-1,000,000
ENGNWENGENE HOLDINGS INC	55,243	$33.2K	<0.01%	0	Timeline
RESERVOIR MEDIA INCRESERVOIR MEDIA INC	25,000	$31.2K	<0.01%	0
LPAAWLAUNCH ONE ACQUISITION CORP	200,000	$29K	<0.01%	0	Timeline
NTWOWNEWBURY STR II ACQUISITION C	124,709	$27.4K	<0.01%	0	Timeline
LPBBWLAUNCH TWO ACQUISITION CORP.	125,000	$26.2K	<0.01%	0	Timeline
BLACKSKY TECHNOLOGY INCBLACKSKY TECHNOLOGY INC	198,855	$25.7K	<0.01%	0
FBYDWFALCONS BEYOND GLOBAL INC	24,900	$24.9K	<0.01%	0	Timeline
LZMWSLIFEZONE METALS LIMITED	50,000	$23K	<0.01%	0	Timeline
VACHWVOYAGER ACQUISITION CORP	150,000	$22.5K	<0.01%	0	Timeline
ALFUWCENTURION ACQUISITION CORP	150,000	$22.5K	<0.01%	0	Timeline
AERTWAERIES TECHNOLOGY INC	750,000	$22.4K	<0.01%	0	Timeline
WLACWWILLOW LANE ACQUISITION CORP	92,958	$21.2K	<0.01%	0	Timeline
DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) …	100,000	$20.6K	<0.01%	0
CXAIWCXAPP INC	150,000	$19.9K	<0.01%	0	Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	50,000	$19.9K	<0.01%	0
OAK WOODS ACQUISITION CORPOAK WOODS ACQUISITION CORP	75,000	$19.5K	<0.01%	0
CUBWWLIONHEART HOLDINGS	125,000	$17.5K	<0.01%	0	Timeline
MDAIWSPECTRAL AI INC	66,666	$17.1K	<0.01%	0	Timeline
CRMLWCRITICAL METALS CORP	100,000	$16.9K	<0.01%	0	Timeline
KVACWKEEN VISION ACQUISITION CORP	513,600	$16.7K	<0.01%	0	Timeline
TMCWWTMC THE METALS COMPANY INC	67,500	$15K	<0.01%	0	Timeline
BAERWBRIDGER AEROSPACE GRP HLDGS	274,854	$14.7K	<0.01%	0	Timeline
ARES ACQUISITION CORP II-28ARES ACQUISITION CORP II-28	50,000	$14.5K	<0.01%	0
ZEOWWZEO ENERGY CORP	250,000	$14.2K	<0.01%	0	Timeline
RNWWWRENEW ENERGY GLOBAL PLC	116,666	$14K	<0.01%	0	Timeline
LNZAWLANZATECH GLOBAL INC	235,341	$13.9K	<0.01%	0	Timeline
WAG GROUP COWAG GROUP CO	990,000	$12.9K	<0.01%	0
BDMDWBAIRD MED INVT HLDGS LTD	150,000	$11.3K	<0.01%	0	Timeline
CNCKWCOINCHECK GROUP NV	20,000	$11.2K	<0.01%	0	Timeline
GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INC	125,000	$9.05K	<0.01%	0
PGYWWPAGAYA TECHNOLOGIES LTD	66,666	$9K	<0.01%	0	Timeline
EVLVWEVOLV TECHNOLOGIES HLDNGS IN	50,000	$8.99K	<0.01%	0	Timeline
LITHIA MTRS INC COMLITHIA MTRS INC COM	250,000	$7.85K	<0.01%	0
IBACRIB ACQUISITION CORP	100,000	$7.5K	<0.01%	0	Timeline
NVNIWNVNI GROUP LIMITED	250,000	$7.15K	<0.01%	0	Timeline
PDYNWPALLADYNE AI CORP	24,900	$6.97K	<0.01%	0	Timeline
TVGNWTEVOGEN INC	125,000	$6.74K	<0.01%	0	Timeline
CLSKWCLEANSPARK INC	37,500	$6.67K	<0.01%	0	Timeline
HERAMBA ELECTRIC EQHERAMBA ELECTRIC EQ	618,750	$6.25K	<0.01%	0
NIOBWNIOCORP DEVS LTD	33,333	$5.33K	<0.01%	0	Timeline
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	25,049	$5.25K	<0.01%	0
ABPWWABPRO HLDGS INC WT EXP 11/12/2	200,000	$5.1K	<0.01%	0	Timeline
VAST RENEWABLES LIMITEDVAST RENEWABLES LIMITED	150,000	$5.08K	<0.01%	0
AIIOWROBO.AI INC.	199,998	$5K	<0.01%	0	Timeline
SPWRWSUNPOWER INC	24,072	$4.81K	<0.01%	0	Timeline
ECXWWECARX HOLDINGS INC	75,000	$4.5K	<0.01%	0	Timeline
LIDRWAEYE INC	74,249	$4.42K	<0.01%	0	Timeline
LOTWWLOTUS TECHNOLOGY INC	33,333	$4.07K	<0.01%	0	Timeline
LEGATO MERGER CORP IIILEGATO MERGER CORP III	20,000	$3.86K	<0.01%	0
SPKLWSPARK I ACQUISITION CORP	25,000	$3.85K	<0.01%	0	Timeline
ISLWFISRAEL ACQUISITIONS CORP WT EX	35,000	$3.85K	<0.01%	0	Timeline
SLXNWSILEXION THERAPEUTICS CORP	50,000	$3.83K	<0.01%	0	Timeline
UWM HOLDINGS CORPORATIONUWM HOLDINGS CORPORATION	20,560	$3.61K	<0.01%	0
SDSTWSTARDUST PWR INC	49,432	$3.56K	<0.01%	0	Timeline
LIVEWIRE GROUP INCLIVEWIRE GROUP INC	160,820	$3.41K	<0.01%	0
VLNWFVALENS SEMICONDUCTOR LTD	75,000	$3.38K	<0.01%	0	Timeline
LEMONADE INCLEMONADE INC	50,242	$3.02K	<0.01%	0
CCGWWCHECHE GROUP INC	100,000	$3K	<0.01%	0	Timeline
FORLWWTS/FOUR LEAF ACQUISITION CORPORA…	60,000	$3K	<0.01%	0	Timeline
GDEVWGDEV INC	124,999	$2.95K	<0.01%	0	Timeline
RDZNWROADZEN INC	50,000	$2.81K	<0.01%	0	Timeline
ZCARWZOOMCAR HLDGS INC WT EXP 12/31	200,000	$2.76K	<0.01%	0	Timeline
Oak Woods Acquisition CorpOak Woods Acquisition Corp	75,000	$2.62K	<0.01%	0
ANGHWANGHAMI INC	200,000	$2.6K	<0.01%	0	Timeline
TWIN RIDGE CAPITAL ACQUISIT…TWIN RIDGE CAPITAL ACQUISITION	66,666	$2.6K	<0.01%	0
Distoken Acquisition CorpDistoken Acquisition Corp	100,000	$2.59K	<0.01%	0
PBMWWPSYENCE BIOMEDICAL LTD	150,000	$2.54K	<0.01%	0	Timeline
BENFWBENEFICIENT	300,000	$2.19K	<0.01%	0	Timeline
PERFECT CORPPERFECT CORP	50,000	$2.02K	<0.01%	0
LDTDFLEDDARTECH HLDGS INC WT EXP 12	33,333	$2.02K	<0.01%	0	Timeline
GGROWGOGORO INC	75,000	$1.93K	<0.01%	0	Timeline
COCHWENVOY MEDICAL INC	50,000	$1.65K	<0.01%	0	Timeline
VEEAWVEEA INC	20,000	$1.65K	<0.01%	0	Timeline
SWVLWSWVL HOLDINGS CORP	100,000	$1.54K	<0.01%	0	Timeline
ICUCWSEASTAR MEDICAL HOLDING CORP	40,000	$1.4K	<0.01%	0	Timeline
SSTPWSYSTEM1 INC WT EXP 01/27/27 (D	60,750	$1.21K	<0.01%	0	Timeline
PIIIWP3 HEALTH PARTNERS INC	100,624	$1.21K	<0.01%	0	Timeline
PARAWBANZAI INTERNATIONAL INC	50,000	$1.18K	<0.01%	0	Timeline
XBP GLOBAL HOLDINGS INCXBP GLOBAL HOLDINGS INC	25,000	$1.17K	<0.01%	0
CROWN LONG HOLDINGSCROWN LONG HOLDINGS	33,333	$1.17K	<0.01%	0
BZFDWBUZZFEED INC	16,666	$916	<0.01%	0	Timeline
WTS PHOENIX BIOTECH ACQUISI…WTS PHOENIX BIOTECH ACQUISITIO	50,000	$725	<0.01%	0
BNAIWBRAND ENGAGEMENT NETWORK INC	36,666	$678	<0.01%	0	Timeline
STLNWSTARLING ONCOLOGY INC	25,000	$677	<0.01%	0	Timeline
ALURWALLURION TECHNOLOGIES INC WT P	15,312	$444	<0.01%	0	Timeline
LANVIN GROUP HOLDINGS LIMITELANVIN GROUP HOLDINGS LIMITE	20,000	$396	<0.01%	0
ISPOWINSPIRATO INC WT EXP 02/09/27	37,500	$288	<0.01%	0	Timeline

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 138. All 138

Security	Type	Amount	Value	Change
HUBSPOT INCHUBSPOT INC NOTE 0.375% 6/0	principal	111,020,000	$233M	-1,000,000
RINGCENTRAL INCRINGCENTRAL INC NOTE 3/1	principal	213,202,000	$204M	+63,202,000
DEXCOM INCDEXCOM INC NOTE 0.250%11/1	principal	176,610,000	$172M	-3,390,000
CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1	principal	147,864,000	$149M	+47,864,000
LIVONGO HEALTH INCLIVONGO HEALTH INC NOTE 0.875% 6/0	principal	138,538,000	$138M	0
DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV	principal	140,023,000	$131M	+103,731,000
ZSCALER INCZSCALER INC NOTE 0.125% 7/0	principal	98,142,000	$130M	-1,000,000
Shift4 Payments IncShift4 Payments Inc Convertible bond	principal	110,000,000	$126M	+26,840,000
BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1	principal	129,411,000	$125M	+36,635,000
LYFT INCLYFT INC NOTE 1.500% 5/1	principal	115,742,000	$116M	0
TripAdvisor IncTripAdvisor Inc CONV	principal	115,893,000	$111M	+9,000
FIVE9 INCFIVE9 INC NOTE 0.500% 6/0	principal	109,805,000	$109M	0
EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 1.500%10/1	principal	108,650,000	$107M	0
HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0	principal	111,851,000	$107M	+11,175,000
JAMF HLDG CORPJAMF HLDG CORP NOTE 0.125% 9/0	principal	108,302,000	$102M	+43,268,000
Viavi Solutions IncViavi Solutions Inc Convertible bond	principal	92,845,000	$100M	+17,345,000
JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1	principal	93,036,000	$97M	+60,536,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	92,031,000	$95.5M	-5,829,000
TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0	principal	103,493,000	$95.4M	+15,993,000
IONIS PHARMACEUTICALS INIONIS PHARMACEUTICALS IN NOTE 4/0	principal	96,292,000	$95.4M	+7,292,000
NOVOCURE LTDNOVOCURE LTD NOTE 11/0	principal	97,695,000	$94.4M	0
AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A	principal	97,500,000	$93.2M	-17,500,000
UNITY SOFTWARE INCUNITY SOFTWARE INC NOTE 11/1	principal	97,915,000	$90.6M	-112,685,000
INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0	principal	32,324,000	$87.4M	+23,266,000
INTEGRA LIFESCIENCES HLDGS CINTEGRA LIFESCIENCES HLDGS C NOTE 0.500% 8/1	principal	86,161,000	$84.8M	+1,500,000
WIX COM LTDWIX COM LTD NOTE 8/1	principal	83,500,000	$82M	-16,500,000
UNITED STATES STL CORPUNITED STATES STL CORP NOTE 5.000%11/0	principal	25,012,000	$79.8M	0
ITRON INCITRON INC NOTE 3/1	principal	75,000,000	$77.2M	-8,000,000
RAPID7 INCRAPID7 INC NOTE 0.250% 3/1	principal	83,237,000	$76.6M	+5,850,000
SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1	principal	81,500,000	$76.2M	+26,500,000
HEALTH CATALYST INCHEALTH CATALYST INC BOND	principal	75,256,000	$76M	0
BLACKLINE INCBLACKLINE INC NOTE 3/1	principal	79,000,000	$75.7M	0
FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0	principal	78,000,000	$75.7M	+3,085,000
INFINERA CORPINFINERA CORP BOND	principal	58,000,000	$75.2M	0
UPWORK INCUPWORK INC NOTE 0.250% 8/1	principal	79,509,000	$74.5M	+4,701,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0	principal	75,750,000	$74M	new
JBT MAREL CORPORATIONJBT MAREL CORPORATION NOTE 0.250% 5/1	principal	73,344,000	$73.7M	+3,898,000
SOUTHERN COSOUTHERN CO NOTE 3.875%12/1	principal	65,000,000	$73.6M	new
IMAX CORPIMAX CORP NOTE 0.500% 4/0	principal	66,000,000	$73.3M	+16,351,000
DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1	principal	75,000,000	$71.8M	-32,912,000
INSULET CORPINSULET CORP NOTE 0.375% 9/0	principal	55,000,000	$71.2M	0
DATADOG INCDATADOG INC NOTE 0.125% 6/1	principal	63,105,000	$70.6M	0
VARONIS SYS INCVARONIS SYS INC BOND	principal	51,899,000	$69.4M	+1,749,000
GRANITE CONSTR INCGRANITE CONSTR INC NOTE 3.750% 5/1	principal	40,000,000	$69.3M	0
BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0	principal	72,595,000	$66.2M	+41,534,000
NEOGENOMICS INCNEOGENOMICS INC NOTE 0.250% 1/1	principal	75,597,000	$65.5M	+15,097,000
CONMED CORPCONMED CORP NOTE 2.250% 6/1	principal	67,100,000	$63.7M	+41,403,000
STRIDE INCSTRIDE INC NOTE 1.125% 9/0	principal	25,295,000	$61.8M	+3,937,000
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0	principal	70,000,000	$61.6M	+34,000,000
Q2 HLDGS INCQ2 HLDGS INC NOTE 0.750% 6/0	principal	53,423,000	$58.8M	+2,500,000
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0	principal	60,000,000	$58.4M	new
VERINT SYSTEMS INCVERINT SYSTEMS INC BOND	principal	59,309,000	$56.6M	-20,820,000
CINEMARK HLDGS INCCINEMARK HLDGS INC NOTE 4.500% 8/1	principal	30,982,000	$54.3M	+12,732,000
VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0	principal	54,299,000	$52.3M	-12,097,000
ETSY INCETSY INC NOTE 0.125% 9/0	principal	58,589,000	$51.8M	+3,570,000
Q2 HLDGS INCQ2 HLDGS INC NOTE 0.125%11/1	principal	50,055,000	$48.8M	0
INSMED INCINSMED INC NOTE 0.750% 6/0	principal	20,000,000	$47.5M	new
PROS HOLDINGS INCPROS HOLDINGS INC NOTE 2.250% 9/1	principal	50,000,000	$47.2M	0
NEOGENOMICS INCNEOGENOMICS INC Convertible Debt	principal	45,189,000	$45.3M	+36,000
VERADIGM INCVERADIGM INC BOND	principal	41,146,000	$44.5M	+7,500,000
EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1	principal	45,000,000	$44.5M	0
NATIONAL VISION HLDGS INCNATIONAL VISION HLDGS INC NOTE 2.500% 5/1	principal	40,029,000	$40.3M	+4,940,000
CALLAWAY GOLF COCALLAWAY GOLF CO NOTE 2.750% 5/0	principal	39,300,000	$39M	+6,800,000
OMNICELL COMOMNICELL COM NOTE 0.250% 9/1	principal	38,848,000	$37.9M	0
NCL CORP LTDNCL CORP LTD NOTE 5.375% 8/0	principal	31,672,000	$36.7M	new
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1	principal	39,500,000	$36.5M	+23,950,000
INNOVIVA INCINNOVIVA INC NOTE 2.500% 8/1	principal	32,076,000	$35.7M	0
PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR NOTE 1.750%12/1	principal	37,534,000	$35.4M	new
FASTLY INCFASTLY INC NOTE 3/1	principal	37,140,000	$35.3M	+400,000
NOVA LTDNOVA LTD BOND	principal	14,261,000	$35.2M	0
BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1	principal	30,000,000	$34.3M	new
ARTIVION INCARTIVION INC NOTE 4.250% 7/0	principal	30,500,000	$34.2M	+8,000,000
FIVE9 INCFIVE9 INC CNV	principal	40,000,000	$34.1M	new
LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible	principal	23,500,000	$33.5M	+1,000,000
CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1	principal	30,000,000	$32.7M	new
ACCURAY INC DELACCURAY INC DEL NOTE 3.750% 6/0	principal	34,804,000	$32.5M	0
ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026	principal	34,217,000	$32.5M	+6,330,000
CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv	principal	32,892,000	$32.1M	+2,951,000
STRATEGY INCSTRATEGY INC NOTE 0.625% 3/1	principal	15,000,000	$30.6M	new
3D SYS CORP DEL3D SYS CORP DEL NOTE 11/1	principal	32,283,000	$29.7M	+2,000,000
SEA LTDSEA LTD NOTE 2.375%12/0	principal	20,000,000	$29.6M	+8,350,000
BURLINGTON STORES INCBURLINGTON STORES INC NOTE 2.250% 4/1	principal	25,742,000	$28.3M	0
OKTA INCOKTA INC NOTE 0.375% 6/1	principal	27,156,000	$26.1M	+17,554,000
SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0	principal	28,072,000	$25.9M	0
SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0	principal	25,000,000	$25.1M	0
IAC FinanceCo 2, Inc.IAC FinanceCo 2, Inc. Note 0.875% 06/15	principal	25,070,000	$24.1M	new
CONFLUENT INCCONFLUENT INC NOTE 1/1	principal	25,000,000	$23.1M	new
PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1	principal	20,500,000	$22.3M	0
ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1	principal	23,009,000	$22.1M	-4,798,000
PAGERDUTY INCPAGERDUTY INC BOND	principal	21,219,000	$21.1M	0
VAREX IMAGING CORPVAREX IMAGING CORP NOTE 4.000% 6/0	principal	20,521,000	$20.8M	0
PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1	principal	19,054,000	$20.5M	new
ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1	principal	17,521,000	$20.2M	new
MITEK SYS INCMITEK SYS INC NOTE 0.750% 2/0	principal	20,000,000	$19.4M	+2,000,000
PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0	principal	19,582,000	$19.3M	-1,077,000
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1	principal	13,809,000	$19.3M	0
HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0	principal	17,000,000	$18M	-5,500,000
LIVEPERSON INCLIVEPERSON INC NOTE 12/1	principal	40,016,000	$16M	0
DEXCOM INCDEXCOM INC NOTE 0.375% 5/1	principal	17,500,000	$15.7M	new
APELLIS PHARMACEUTICALS INCAPELLIS PHARMACEUTICALS INC NOTE 3.500% 9/1	principal	11,950,000	$12.7M	0

Sold out in Q1 2025

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

Security	Shares before	Value before	Type
BLOCK INCBLOCK INC	269,601,000	$269M	principal
INSIGHT ENTERPRISES INCINSIGHT ENTERPRISES INC	96,427,000	$218M	principal
NUVASIVE INCNUVASIVE INC	135,000,000	$134M	principal
AXON ENTERPRISE INCAXON ENTERPRISE INC	45,847,000	$120M	principal
EURONET WORLDWIDE INCEURONET WORLDWIDE INC	111,492,000	$111M	principal
ZIFF DAVIS INCZIFF DAVIS INC	99,500,000	$99.1M	principal
SNAP INCSNAP INC	64,000,000	$55.7M	principal
Dynavax Technologies Corp.Dynavax Technologies Corp.	41,058,000	$54.2M	principal
CHEESECAKE FACTORY INCCHEESECAKE FACTORY INC	54,657,000	$53.9M	principal
RINGCENTRAL INCRINGCENTRAL INC	51,361,000	$50.8M	principal
SEA LTDSEA LTD	40,000,000	$36.4M	principal
GUIDEWIRE SOFTWARE INCGUIDEWIRE SOFTWARE INC	24,076,000	$35.8M	principal
EXACT SCIENCES CORPEXACT SCIENCES CORP	25,000,000	$25.1M	principal
Shopify IncShopify Inc	22,500,000	$23M	principal
NICE LTDNICE LTD	20,300,000	$19.5M	principal
VEECO INSTRS INC DELVEECO INSTRS INC DEL	16,600,000	$18.9M	principal
WESTERN DIGITAL CORPWESTERN DIGITAL CORP	12,500,000	$16.6M	principal
LCID 1 1/4 12/15/26LCID 1 1/4 12/15/26	20,000,000	$15.7M	principal
TECHTARGET INCTECHTARGET INC	12,500,000	$12.5M	principal
DRDBUROMAN DBDR ACQUISITION CORP	1,010,000	$10.1M	shares
MAKEMYTRIP LIMITED MAURITIUSMAKEMYTRIP LIMITED MAURITIUS	2,500,000	$7.3M	principal
BOX INCBOX INC	5,500,000	$6.96M	principal
TDACUTRANSLATIONAL DEV ACQUISITIO	635,399	$6.37M	shares
FACTUFACT II ACQUISITION CORP	600,000	$5.99M	shares
HAT HOLDINGS I LLCHAT HOLDINGS I LLC	5,000,000	$5.38M	principal
RANGURANGE CAP ACQUISITION CORP	500,000	$5.03M	shares
MLACUMOUNTAIN LAKE ACQUISITION CO	500,000	$5.01M	shares
BLOCK INCBLOCK INC	5,116,000	$4.76M	principal
HCI GROUP INCHCI GROUP INC	2,807,000	$4.34M	principal
JACSUJACKSON ACQUISITION CO II	400,000	$4.02M	shares
BANDWIDTH INCBANDWIDTH INC	1,845,000	$1.7M	principal
APLDAPPLIED DIGITAL CORP	200,000	$1.53M	shares
D-WAVE QUANTUM INCD-WAVE QUANTUM INC	108,000	$421K	shares
GRINDR INCGRINDR INC	50,000	$338K	shares
CUTERA INCCUTERA INC	2,500,000	$283K	principal
TH INTERNATIONAL LIMITEDTH INTERNATIONAL LIMITED	42,000	$29.8K	shares
Bynordic Acquisition CorpBynordic Acquisition Corp	742,500	$22.6K	shares
PROCAPS GROUP SAPROCAPS GROUP SA	400,000	$16.7K	shares
CARTICA ACQUISITION CORPCARTICA ACQUISITION CORP	50,000	$13.5K	shares
ELONG POWER HOLDING LTD.ELONG POWER HOLDING LTD.	10,000	$13.2K	shares
WTS-LEAFLY HLDGS 4FEB27WTS-LEAFLY HLDGS 4FEB27	286,595	$5.16K	shares
Papaya Growth Opportunity C…Papaya Growth Opportunity Corp I	125,000	$2.51K	shares
ILEARNINGENGINES INCILEARNINGENGINES INC	50,000	$1K	shares
HYZON MOTORS INCHYZON MOTORS INC	80,127	$401	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001346554-25-000019	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC