TENOR CAPITAL MANAGEMENT Co., L.P.

13F filer, CIK 1346554, NEW YORK, NY

TENOR CAPITAL MANAGEMENT Co., L.P. reported $7,414,455,217 across 363 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 22.71% of the portfolio.

Filed 2025-08-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0001346554-25-000068

Period: 2025-06-30
Reported value: $7.41B
Holdings: 363
Top 10 weight: 22.71%
New: 112
Sold out: 51

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CHACnew	+2,160,000	$21.8M
GTENnew	+2,000,000	$20.5M
KFIInew	+2,000,000	$20.4M
TACHnew	+2,000,000	$20.2M
TMSnew	+1,750,000	$18.7M

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
ZIFF DAVIS INCexited	-94,500,000	-$88.5M
KFIIUexited	-2,000,000	-$20.2M
Dynavax Technologies Corpexited	-20,000,000	-$19.8M
ATIIUexited	-1,500,000	-$15.2M
LOKVUexited	-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.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001346554-25-000068, largest first. % of portfolio is the value over $7,414,455,217, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
CHACCRANE HARBOR ACQU CORP - A	2,160,000	$21.8M	0.29%	new	Timeline
GTENGORES HLDGS X INC	2,000,000	$20.5M	0.28%	new	Timeline
KFIIK&F GROWTH ACQUISITION CORP	2,000,000	$20.4M	0.27%	new	Timeline
TACHTITAN ACQUISITION CORP	2,000,000	$20.2M	0.27%	new	Timeline
TMSLIVE OAK ACQUISITION CORP V	1,750,000	$18.7M	0.25%	new	Timeline
TVATEXAS VENTURES ACQUISITION I	1,750,000	$17.7M	0.24%	new	Timeline
SZZLSIZZLE ACQUISITION CORP. II	1,750,000	$17.6M	0.24%	new	Timeline
SOULSOULPOWER ACQUISITION CORP	1,750,000	$17.3M	0.23%	new	Timeline
ATIIARCHIMEDES TECH SPAC PARTNER	1,500,000	$15.3M	0.21%	new	Timeline
XRPNUARMADA ACQUISITION CORP II	1,500,000	$15.3M	0.21%	new	Timeline
NPACNEW PROVIDENCE ACQUISITION C	1,500,000	$15.3M	0.21%	new	Timeline
ONENHENNESSY CAP INVT CORP VII	1,500,000	$15.2M	0.21%	new	Timeline
FERAFIFTH ERA ACQUISITION CORP I	1,500,000	$15.2M	0.21%	new	Timeline
FACCARTESIAN GROWTH CORP III	1,500,000	$15M	0.2%	new	Timeline
SDHIUSIDDHI ACQUISITION CORP	1,374,599	$14.2M	0.19%	new	Timeline
DAAQDIGITAL ASSET ACQUISITION CO	1,250,000	$13.1M	0.18%	new	Timeline
IPCXINFLECTION PT ACQUISITION CO	1,250,000	$12.7M	0.17%	new	Timeline
RAAQREAL ASSET ACQUISITION CORP	1,250,000	$12.7M	0.17%	new	Timeline
CRAQUCAL REDWOOD ACQUISITION CORP	1,200,000	$12.3M	0.17%	new	Timeline
GSHRGESHER ACQUISITION CORP. II	1,200,000	$12.1M	0.16%	new	Timeline
BACCUBLUE ACQUISITION CORP.	1,200,000	$12M	0.16%	new	Timeline
DRDBROMAN DBDR ACQUISITION CORP	1,110,000	$11.4M	0.15%	0	Timeline
ANSCAGRICULTURE & NAT SOL ACQ CO	1,000,000	$10.8M	0.15%	new	Timeline
LEGTLEGATO MERGER CORP III	1,000,000	$10.7M	0.14%	+960,000	Timeline
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	1,000,000	$10.3M	0.14%	new
JENAUJENA ACQUISITION CORP II	1,000,000	$10.3M	0.14%	new	Timeline
RDAGREPUBLIC DIGITAL ACQUISITION	1,000,000	$10.3M	0.14%	new	Timeline
CCAQUCOLLECTIVE ACQUISITION CORP	1,000,000	$10.2M	0.14%	new	Timeline
TVAIUTHAYER VENTURES ACQ CORP II	1,000,000	$10.2M	0.14%	new	Timeline
LWACULIGHTWAVE ACQUISITION CORP	1,000,000	$10.1M	0.14%	new	Timeline
BLUWUBLUE WTR ACQUISITION CORP. I	1,000,000	$10M	0.14%	new	Timeline
NHICNEWHOLD INVT CORP III	1,000,000	$9.95M	0.13%	new	Timeline
OYSTER ENTERPRISES II ACQUISOYSTER ENTERPRISES II ACQUIS	900,000	$9.11M	0.12%	new
FACTFACT II ACQUISITION CORP	849,950	$8.75M	0.12%	+249,950	Timeline
VLOSVELOS ACQUISITION I CORP	750,000	$8.47M	0.11%	+500,000	Timeline
WENNUWEN ACQUISITION CORP	800,000	$8.46M	0.11%	new	Timeline
TACOBERTO ACQUISITION CORP	800,000	$8.34M	0.11%	new	Timeline
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	750,000	$7.96M	0.11%	new
ALFCENTURION ACQUISITION CORP	750,000	$7.89M	0.11%	+450,000	Timeline
LPAALAUNCH ONE ACQUISITION CORP	750,000	$7.81M	0.11%	+350,000	Timeline
GPATGP-ACT III ACQUISITION CORP	750,000	$7.8M	0.11%	new	Timeline
VCICVINE HILL CAP INVT CORP.	750,000	$7.8M	0.11%	new	Timeline
POLEANDRETTI ACQUISITION CORP II	750,000	$7.79M	0.1%	new	Timeline
COPLCOPLEY ACQUISITION CORP	750,000	$7.55M	0.1%	new	Timeline
ALDFALDEL FINL II INC	699,234	$7.33M	0.1%	+73,434	Timeline
PLMKPLUM ACQUISITION CORP IV	700,000	$7.2M	0.1%	0	Timeline
EGHAUEGH ACQUISITION CORP.	700,000	$7.13M	0.1%	new	Timeline
SVCCSTELLAR V CAP CORP	675,179	$6.75M	0.09%	0	Timeline
AXINUAXIOM INTELLIGENCE AC CORP 1	650,000	$6.56M	0.09%	new	Timeline
TDACTRANSLATIONAL DEV ACQUISITIO	635,399	$6.53M	0.09%	0	Timeline
PCAPUPROCAP ACQUISITION CORP	600,000	$6.43M	0.09%	new	Timeline
BEAGBOLD EAGLE ACQUISITION CORP	600,000	$6.28M	0.08%	0	Timeline
TONTGRAF GLOBAL CORP	600,020	$6.28M	0.08%	+200,020	Timeline
JACSJACKSON ACQUISITION CO II	600,000	$6.18M	0.08%	+200,000	Timeline
OBAWUOXLEY BRIDGE ACQ LTD	600,000	$6.01M	0.08%	new	Timeline
PACHUPIONEER ACQUISITION I CORP	600,000	$6M	0.08%	new	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	14,700	$5.98M	0.08%	new
HYACHAYMAKER ACQUISITION CORP IV	500,000	$5.55M	0.07%	+449,901	Timeline
COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR	497,116	$5.45M	0.07%	-2,884
CEPOCANTOR EQUITY PARTNERS I INC	450,000	$5.36M	0.07%	-818,007	Timeline
HDRNGIGCAPITAL7 CORP	507,699	$5.27M	0.07%	new	Timeline
MLACMOUNTAIN LAKE ACQUISITION CO	500,000	$5.13M	0.07%	0	Timeline
LPBBLAUNCH TWO ACQUISITION CORP.	489,947	$5.11M	0.07%	+239,947	Timeline
RANGRANGE CAP ACQUISITION CORP	500,000	$5.1M	0.07%	0	Timeline
IRENIREN LIMITED	349,879	$5.1M	0.07%	+195,200	Timeline
KCHVUKOCHAV DEFENSE ACQUI CO	500,000	$5.09M	0.07%	new	Timeline
CAEPCANTOR EQUITY PARTNERS III I	425,000	$4.48M	0.06%	new	Timeline
RTACRENATUS TACTICAL ACQUIS	300,000	$3.54M	0.05%	new	Timeline
CEPTCANTOR EQUITY PARTNERS II IN	300,000	$3.31M	0.04%	new	Timeline
OACCOAKTREE ACQUISITION CORP III	300,000	$3.13M	0.04%	0	Timeline
VACHVOYAGER ACQUISITION CORP	300,000	$3.12M	0.04%	0	Timeline
RACRITHM ACQUISITION CORP	300,000	$3.06M	0.04%	new	Timeline
FIGXUFIGX CAP ACQUISITION CORP.	300,000	$3M	0.04%	new	Timeline
WLACWILLOW LANE ACQUISITION CORP	285,956	$2.93M	0.04%	+100,040	Timeline
CUBLIONHEART HOLDINGS	250,000	$2.62M	0.04%	0	Timeline
NTWONEWBURY STR II ACQUISITION C	249,418	$2.57M	0.03%	0	Timeline
MCGAUYORKVILLE ACQUISITION CORP.	200,000	$2.25M	0.03%	new	Timeline
CCIXCHURCHILL CAPITAL CORP IX	200,000	$2.1M	0.03%	0	Timeline
ARAYACCURAY INC DEL	1,500,000	$2.06M	0.03%	new	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	142,960	$1.59M	0.02%	-32,040
IPEXINFLECTION POINT ACQU CORP V	125,000	$1.26M	0.02%	new	Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	100,000	$1.11M	0.01%	0
FRNMPERCEPTIVE CAP SOLUTIONS COR	100,000	$1.06M	0.01%	0	Timeline
PMTRUPERIMETER ACQUISITION CORP I	100,000	$1.05M	0.01%	new	Timeline
IBACIB ACQUISITION CORP	100,000	$1.05M	0.01%	0	Timeline
CHPGUCHAMPIONSGATE ACQUISITION CO	100,000	$1.02M	0.01%	new	Timeline
MIRMIRION TECHNOLOGIES INC	42,998	$926K	0.01%	new	Timeline
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	375,000	$622K	0.01%	new
SPKLFSPARK I ACQUISITION CORP	50,000	$545K	0.01%	0	Timeline
GSR III ACQUISITION CORPGSR III ACQUISITION CORP	50,000	$540K	0.01%	0
CRANE HBR ACQUISITION CORPCRANE HBR ACQUISITION CORP	1,980,000	$535K	0.01%	new
DAAQWDIGITAL ASSET ACQUISITION CO	625,000	$531K	0.01%	new	Timeline
LOKVWLIVE OAK ACQUISITION CORP V	750,000	$525K	0.01%	new	Timeline
IPCXRINFLECTION PT ACQUISITION CO	1,250,000	$498K	0.01%	new	Timeline
HVIIRHENNESSY CAP INVT CORP VII	1,500,000	$495K	0.01%	new	Timeline
BIGBEAR AI HLDGS INCBIGBEAR AI HLDGS INC	200,000	$480K	0.01%	0
FERARFIFTH ERA ACQUISITION CORP I	1,500,000	$422K	0.01%	new	Timeline
RTACWRENATUS TACTICAL ACQUIS	200,000	$408K	0.01%	new	Timeline
BKHABLACK HAWK ACQUISITION CORP	35,000	$372K	0.01%	0	Timeline
TACHWTITAN ACQUISITION CORP	1,000,000	$370K	<0.01%	new	Timeline
RDAGWREPUBLIC DIGITAL ACQUISITION	500,000	$360K	<0.01%	new	Timeline
SZZLRSIZZLE ACQUISITION CORP. II	1,750,000	$350K	<0.01%	new	Timeline
BTDRBITDEER TECHNOLOGIES GROUP	29,800	$342K	<0.01%	-104,000	Timeline
COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION …	163,179	$326K	<0.01%	-3,487
KFIIRK&F GROWTH ACQUISITION CORP	2,000,000	$319K	<0.01%	new	Timeline
TACOWBERTO ACQUISITION CORP	400,000	$318K	<0.01%	new	Timeline
NPACWNEW PROVIDENCE ACQUISITION C	500,000	$312K	<0.01%	new	Timeline
ATIIWARCHIMEDES TECH SPAC PARTNER	750,000	$304K	<0.01%	new	Timeline
GTENWGORES HLDGS X INC	500,000	$295K	<0.01%	new	Timeline
RAAQWREAL ASSET ACQUISITION CORP	625,000	$288K	<0.01%	new	Timeline
DRDBWROMAN DBDR ACQUISITION CORP	505,000	$252K	<0.01%	0	Timeline
TVACWTEXAS VENTURES ACQUISITION I	875,000	$236K	<0.01%	new	Timeline
SOULPOWER ACQUISITION CORPSOULPOWER ACQUISITION CORP	1,750,000	$228K	<0.01%	new
VLOSWVELOS ACQUISITION I CORP	125,000	$219K	<0.01%	0	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	87,500	$206K	<0.01%	0
CGCTWCARTESIAN GROWTH CORP III	750,000	$203K	<0.01%	new	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	600,000	$188K	<0.01%	0	Timeline
FLYYSPIRIT AVIATION HLDGS INC COM(	37,241	$186K	<0.01%	new	Timeline
GSHRWGESHER ACQUISITION CORP. II	600,000	$169K	<0.01%	new	Timeline
ALDFWALDEL FINL II INC	312,900	$163K	<0.01%	0	Timeline
SHMDWSCHMID GROUP N.V.	462,500	$139K	<0.01%	0	Timeline
NHICWNEWHOLD INVT CORP III	400,000	$130K	<0.01%	new	Timeline
GCM GROSVENOR INCGCM GROSVENOR INC	200,902	$129K	<0.01%	0
RANGRRANGE CAP ACQUISITION CORP	500,000	$125K	<0.01%	0	Timeline
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	400,000	$112K	<0.01%	0
TMCWWTMC THE METALS COMPANY INC	67,500	$99.2K	<0.01%	0	Timeline
SVCCWSTELLAR V CAP CORP	337,589	$91.1K	<0.01%	0	Timeline
FACTWFACT II ACQUISITION CORP	300,000	$90K	<0.01%	0	Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	500,000	$85K	<0.01%	0	Timeline
PLMKWPLUM ACQUISITION CORP IV	350,000	$84K	<0.01%	0	Timeline
TDACWTRANSLATIONAL DEV ACQUISITIO	317,699	$79.6K	<0.01%	0	Timeline
COPLEY ACQUISITION CORPCOPLEY ACQUISITION CORP	375,000	$62.9K	<0.01%	new
UNITED HOMES GROUP INCUNITED HOMES GROUP INC	75,000	$60.8K	<0.01%	0
BLACKSKY TECHNOLOGY INCBLACKSKY TECHNOLOGY INC	198,855	$58.8K	<0.01%	0
GRAF GLOBAL CORPGRAF GLOBAL CORP	200,000	$58K	<0.01%	0
LPBBWLAUNCH TWO ACQUISITION CORP.	125,000	$57.8K	<0.01%	0	Timeline
ARES ACQUISITION CORP II-28ARES ACQUISITION CORP II-28	50,000	$55K	<0.01%	0
LPAAWLAUNCH ONE ACQUISITION CORP	200,000	$54K	<0.01%	0	Timeline
OACCWOAKTREE ACQUISITION CORP III	60,000	$52.5K	<0.01%	0	Timeline
RACWSRITHM ACQUISITION CORP	100,000	$49K	<0.01%	new	Timeline
CCIXWCHURCHILL CAPITAL CORP IX	50,000	$47.5K	<0.01%	0	Timeline
MDAIWSPECTRAL AI INC	66,666	$46.7K	<0.01%	0	Timeline
CRMLWCRITICAL METALS CORP	100,000	$45.6K	<0.01%	0	Timeline
ENGNWENGENE HOLDINGS INC	55,243	$45.3K	<0.01%	0	Timeline
ALFUWCENTURION ACQUISITION CORP	150,000	$45K	<0.01%	0	Timeline
VACHWVOYAGER ACQUISITION CORP	150,000	$45K	<0.01%	0	Timeline
CUBWWLIONHEART HOLDINGS	125,000	$42.5K	<0.01%	0	Timeline
DRTSWALPHA TAU MEDICAL LTD	150,000	$36K	<0.01%	0	Timeline
IPEXRINFLECTION POINT ACQU CORP V	125,000	$34K	<0.01%	new	Timeline
WLACWWILLOW LANE ACQUISITION CORP	92,958	$33.5K	<0.01%	0	Timeline
RESERVOIR MEDIA INCRESERVOIR MEDIA INC	25,000	$31.2K	<0.01%	0
JSPRWJASPER THERAPEUTICS INC	250,000	$31.2K	<0.01%	0	Timeline
NTWOWNEWBURY STR II ACQUISITION C	124,709	$31.2K	<0.01%	0	Timeline
GRRRWGORILLA TECHNOLOGY GROUP INC	37,500	$29.9K	<0.01%	0	Timeline
KVACWKEEN VISION ACQUISITION CORP	513,600	$27.7K	<0.01%	0	Timeline
EVLVWEVOLV TECHNOLOGIES HLDNGS IN	50,000	$27.5K	<0.01%	0	Timeline
AMBWQAMBIPAR EMERGENCY RESPONSE WT	150,000	$25.5K	<0.01%	0	Timeline
ADSEWADS TEC ENERGY PLC	12,500	$24.6K	<0.01%	0	Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	50,000	$24.1K	<0.01%	0
AERTWAERIES TECHNOLOGY INC	750,000	$21.6K	<0.01%	0	Timeline
BAERWBRIDGER AEROSPACE GRP HLDGS	274,854	$21.3K	<0.01%	0	Timeline
DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) …	100,000	$20.6K	<0.01%	0
FBYDWFALCONS BEYOND GLOBAL INC	24,900	$20.2K	<0.01%	0	Timeline
LZMWSLIFEZONE METALS LIMITED	50,000	$19.4K	<0.01%	0	Timeline
BGLWWBLUE GOLD LTD	100,000	$19K	<0.01%	new	Timeline
CNCKWCOINCHECK GROUP NV	20,000	$17.4K	<0.01%	0	Timeline
NIOBWNIOCORP DEVS LTD	33,333	$16.9K	<0.01%	0	Timeline
OAK WOODS ACQUISITION CORPOAK WOODS ACQUISITION CORP	75,000	$16.4K	<0.01%	0
ZEOWWZEO ENERGY CORP	250,000	$16K	<0.01%	0	Timeline
CLSKWCLEANSPARK INC	37,500	$15.9K	<0.01%	0	Timeline
WAG GROUP COWAG GROUP CO	990,000	$15.8K	<0.01%	0
RNWWWRENEW ENERGY GLOBAL PLC	116,666	$15.8K	<0.01%	0	Timeline
NVNIWNVNI GROUP LIMITED	250,000	$12.9K	<0.01%	0	Timeline
GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INC	125,000	$12.1K	<0.01%	0
BDMDWBAIRD MED INVT HLDGS LTD	150,000	$12K	<0.01%	0	Timeline
Distoken Acquisition CorpDistoken Acquisition Corp	100,000	$12K	<0.01%	0
AIIOWROBO.AI INC.	199,998	$11.3K	<0.01%	0	Timeline
PGYWWPAGAYA TECHNOLOGIES LTD	66,666	$11.2K	<0.01%	0	Timeline
CXAIWCXAPP INC	150,000	$11.1K	<0.01%	0	Timeline
KIDZWKIDZ AI INC	75,000	$9.97K	<0.01%	new	Timeline
PDYNWPALLADYNE AI CORP	24,900	$9.47K	<0.01%	0	Timeline
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	25,049	$9.02K	<0.01%	0
DAICWCID HOLDCO INC	112,500	$8.89K	<0.01%	new	Timeline
TVGNWTEVOGEN INC	125,000	$8.74K	<0.01%	0	Timeline
LIVEWIRE GROUP INCLIVEWIRE GROUP INC	160,820	$8.2K	<0.01%	0
SPWRWSUNPOWER INC	24,072	$7.83K	<0.01%	0	Timeline
ISLWFISRAEL ACQUISITIONS CORP WT EX	35,000	$7.79K	<0.01%	0	Timeline
LITHIA MTRS INC COMLITHIA MTRS INC COM	250,000	$7.28K	<0.01%	0
LIDRWAEYE INC	74,249	$6.34K	<0.01%	0	Timeline
LNZAWLANZATECH GLOBAL INC	235,341	$6.24K	<0.01%	0	Timeline
LEGATO MERGER CORP IIILEGATO MERGER CORP III	20,000	$5.4K	<0.01%	0
SPKLWSPARK I ACQUISITION CORP	25,000	$4.87K	<0.01%	0	Timeline
ECXWWECARX HOLDINGS INC	75,000	$4.45K	<0.01%	0	Timeline
LEMONADE INCLEMONADE INC	50,242	$4.21K	<0.01%	0
ABPWWABPRO HLDGS INC WT EXP 11/12/2	200,000	$4.14K	<0.01%	0	Timeline
IBACRIB ACQUISITION CORP	100,000	$4.11K	<0.01%	0	Timeline
VLNWFVALENS SEMICONDUCTOR LTD	75,000	$3.87K	<0.01%	0	Timeline
LOTWWLOTUS TECHNOLOGY INC	33,333	$3.5K	<0.01%	0	Timeline
PBMWWPSYENCE BIOMEDICAL LTD	150,000	$3.04K	<0.01%	0	Timeline
VEEAWVEEA INC	20,000	$2.72K	<0.01%	0	Timeline
RDZNWROADZEN INC	50,000	$2.56K	<0.01%	0	Timeline
CCGWWCHECHE GROUP INC	100,000	$2.53K	<0.01%	0	Timeline
ANGHWANGHAMI INC	200,000	$2.36K	<0.01%	0	Timeline
Oak Woods Acquisition CorpOak Woods Acquisition Corp	75,000	$2.25K	<0.01%	0
BENFWBENEFICIENT	300,000	$2.07K	<0.01%	0	Timeline
SLXNWSILEXION THERAPEUTICS CORP	50,000	$2.04K	<0.01%	0	Timeline
PERFECT CORPPERFECT CORP	50,000	$1.81K	<0.01%	0
FORLWWTS/FOUR LEAF ACQUISITION CORPORA…	60,000	$1.8K	<0.01%	0	Timeline
COCHWENVOY MEDICAL INC	50,000	$1.76K	<0.01%	0	Timeline
SWVLWSWVL HOLDINGS CORP	100,000	$1.68K	<0.01%	0	Timeline
GDEVWGDEV INC	124,999	$1.64K	<0.01%	0	Timeline
UWM HOLDINGS CORPORATIONUWM HOLDINGS CORPORATION	20,560	$1.44K	<0.01%	0
XBP GLOBAL HOLDINGS INCXBP GLOBAL HOLDINGS INC	25,000	$1.36K	<0.01%	0
BZFDWBUZZFEED INC	16,666	$1.34K	<0.01%	0	Timeline
SDSTWSTARDUST PWR INC	49,432	$1.32K	<0.01%	0	Timeline
STLNWSTARLING ONCOLOGY INC	25,000	$1.28K	<0.01%	0	Timeline
PARAWBANZAI INTERNATIONAL INC	50,000	$1.25K	<0.01%	0	Timeline
WTS PHOENIX BIOTECH ACQUISI…WTS PHOENIX BIOTECH ACQUISITIO	50,000	$1.19K	<0.01%	0
TWIN RIDGE CAPITAL ACQUISIT…TWIN RIDGE CAPITAL ACQUISITION	66,666	$1.17K	<0.01%	0
PIIIWP3 HEALTH PARTNERS INC	100,624	$1.13K	<0.01%	0	Timeline
BNAIWBRAND ENGAGEMENT NETWORK INC	36,666	$1.1K	<0.01%	0	Timeline
CROWN LONG HOLDINGSCROWN LONG HOLDINGS	33,333	$1.06K	<0.01%	0
GGROWGOGORO INC	75,000	$975	<0.01%	0	Timeline
ICUCWSEASTAR MEDICAL HOLDING CORP	40,000	$796	<0.01%	0	Timeline
ALURWALLURION TECHNOLOGIES INC WT P	15,312	$481	<0.01%	0	Timeline
ISPOWINSPIRATO INC WT EXP 02/09/27	37,500	$469	<0.01%	0	Timeline
LANVIN GROUP HOLDINGS LIMITELANVIN GROUP HOLDINGS LIMITE	20,000	$380	<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 136. All 136

Security	Type	Amount	Value	Change
CARNIVAL CORPCARNIVAL CORP NOTE 5.750% 12/1	principal	110,000,000	$243M	new
CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1	principal	162,364,000	$193M	+14,500,000
RINGCENTRAL INCRINGCENTRAL INC NOTE 3/1	principal	200,000,000	$193M	-13,202,000
DEXCOM INCDEXCOM INC NOTE 0.250%11/1	principal	191,713,000	$189M	+15,103,000
INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0	principal	55,000,000	$161M	+22,676,000
UNITY SOFTWARE INCUNITY SOFTWARE INC NOTE 11/1	principal	168,246,000	$157M	+70,331,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0	principal	143,514,000	$140M	+67,764,000
Shift4 Payments IncShift4 Payments Inc Convertible bond	principal	110,500,000	$140M	+500,000
BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1	principal	138,536,000	$138M	+9,125,000
DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV	principal	140,023,000	$131M	0
TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0	principal	130,000,000	$120M	+26,507,000
HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0	principal	119,217,000	$115M	+7,366,000
Viavi Solutions IncViavi Solutions Inc Convertible bond	principal	110,100,000	$112M	+17,255,000
TripAdvisor IncTripAdvisor Inc CONV	principal	115,893,000	$112M	0
EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 1.500%10/1	principal	108,650,000	$108M	0
IONIS PHARMACEUTICALS INIONIS PHARMACEUTICALS IN NOTE 4/0	principal	106,292,000	$108M	+10,000,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	90,843,000	$107M	-1,188,000
JAMF HLDG CORPJAMF HLDG CORP NOTE 0.125% 9/0	principal	108,302,000	$103M	0
CONMED CORPCONMED CORP NOTE 2.250% 6/1	principal	103,000,000	$98M	+35,900,000
NOVOCURE LTDNOVOCURE LTD NOTE 11/0	principal	97,695,000	$95.6M	0
MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0	principal	96,675,000	$95.2M	new
CONFLUENT INCCONFLUENT INC NOTE 1/1	principal	100,106,000	$93.5M	+75,106,000
JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1	principal	88,536,000	$89.8M	-4,500,000
ZIFF DAVIS INCZIFF DAVIS INC DEBT 3.625% 3/0	principal	94,500,000	$89.7M	new
DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1	principal	90,000,000	$87M	+15,000,000
VARONIS SYS INCVARONIS SYS INC BOND	principal	51,999,000	$86.3M	+100,000
INTEGRA LIFESCIENCES HLDGS CINTEGRA LIFESCIENCES HLDGS C NOTE 0.500% 8/1	principal	86,161,000	$85.7M	0
STRATEGY INCSTRATEGY INC NOTE 0.625% 3/1	principal	30,000,000	$83.6M	+15,000,000
GRANITE CONSTR INCGRANITE CONSTR INC NOTE 3.750% 5/1	principal	40,000,000	$83.4M	0
RAPID7 INCRAPID7 INC NOTE 0.250% 3/1	principal	89,537,000	$83.3M	+6,300,000
WIX COM LTDWIX COM LTD NOTE 8/1	principal	83,500,000	$83M	0
NEOGENOMICS INCNEOGENOMICS INC NOTE 0.250% 1/1	principal	92,722,000	$79.7M	+17,125,000
VERINT SYSTEMS INCVERINT SYSTEMS INC BOND	principal	82,309,000	$79.1M	+23,000,000
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0	principal	84,000,000	$76.9M	+14,000,000
FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0	principal	78,000,000	$76.5M	0
BLACKLINE INCBLACKLINE INC NOTE 3/1	principal	79,000,000	$76.1M	0
UPWORK INCUPWORK INC NOTE 0.250% 8/1	principal	79,509,000	$75.4M	0
JBT MAREL CORPORATIONJBT MAREL CORPORATION NOTE 0.250% 5/1	principal	75,344,000	$75M	+2,000,000
ITRON INCITRON INC NOTE 3/1	principal	65,000,000	$73.5M	-10,000,000
BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1	principal	77,575,000	$73.3M	new
ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1	principal	54,335,000	$70.9M	+36,814,000
BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0	principal	72,595,000	$68.7M	0
STRIDE INCSTRIDE INC NOTE 1.125% 9/0	principal	24,203,000	$67.5M	-1,092,000
IMAX CORPIMAX CORP NOTE 0.500% 4/0	principal	56,500,000	$63.7M	-9,500,000
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0	principal	60,000,000	$63.5M	0
PROS HOLDINGS INCPROS HOLDINGS INC DEBT 2.500% 7/0	principal	56,854,000	$61.4M	new
CINEMARK HLDGS INCCINEMARK HLDGS INC NOTE 4.500% 8/1	principal	28,250,000	$60.4M	-2,732,000
ETSY INCETSY INC NOTE 0.125% 9/0	principal	65,339,000	$58.5M	+6,750,000
ETSY INCETSY INC NOTE 0.125%10/0	principal	58,265,000	$56.6M	+50,275,000
VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0	principal	54,299,000	$52.9M	0
TRANSMEDICS GROUP INCTRANSMEDICS GROUP INC NOTE 1.500% 6/0	principal	31,405,000	$50.5M	new
EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1	principal	50,000,000	$48.8M	+5,000,000
AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A	principal	50,000,000	$48.2M	-47,500,000
INNOVIVA INCINNOVIVA INC NOTE 2.500% 8/1	principal	40,110,000	$47.2M	+8,034,000
Q2 HLDGS INCQ2 HLDGS INC NOTE 0.750% 6/0	principal	38,441,000	$45.5M	-14,982,000
UGI CORP NEWUGI CORP NEW NOTE 5.000% 6/0	principal	32,500,000	$45.1M	new
Q2 HLDGS INCQ2 HLDGS INC NOTE 0.125%11/1	principal	45,055,000	$44.6M	-5,000,000
SEA LTDSEA LTD NOTE 2.375%12/0	principal	25,000,000	$44.4M	+5,000,000
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1	principal	44,500,000	$42.6M	+5,000,000
OMNICELL COMOMNICELL COM NOTE 0.250% 9/1	principal	38,848,000	$38.5M	0
BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1	principal	30,000,000	$37.6M	0
POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1	principal	32,500,000	$37.5M	new
FASTLY INCFASTLY INC NOTE 3/1	principal	37,140,000	$35.9M	0
SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1	principal	47,500,000	$35.8M	-34,000,000
PEBBLEBROOK HOTEL TRPEBBLEBROOK HOTEL TR NOTE 1.750%12/1	principal	37,534,000	$35.6M	0
NCL CORP LTDNCL CORP LTD NOTE 5.375% 8/0	principal	30,976,000	$35.4M	-696,000
FIVE9 INCFIVE9 INC CNV	principal	40,000,000	$35.2M	0
CALLAWAY GOLF COCALLAWAY GOLF CO NOTE 2.750% 5/0	principal	35,640,000	$34.9M	-3,660,000
SOUTHERN COSOUTHERN CO NOTE 3.875%12/1	principal	30,000,000	$33.3M	-35,000,000
CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1	principal	30,000,000	$33M	0
ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026	principal	34,550,000	$33M	+333,000
CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0	principal	30,000,000	$32.1M	new
ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1	principal	31,000,000	$30.9M	new
SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0	principal	28,072,000	$30.1M	0
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1	principal	19,000,000	$29.5M	+5,191,000
OKTA INCOKTA INC NOTE 0.375% 6/1	principal	27,156,000	$26.1M	0
IAC FinanceCo 2, Inc.IAC FinanceCo 2, Inc. Note 0.875% 06/15	principal	25,070,000	$24.2M	0
PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1	principal	20,500,000	$23.7M	0
ORMAT TECHNOLOGIES INCORMAT TECHNOLOGIES INC NOTE 2.500% 7/1	principal	20,694,000	$22.9M	new
PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1	principal	19,054,000	$22.8M	0
ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1	principal	22,009,000	$21.4M	-1,000,000
MITEK SYS INCMITEK SYS INC NOTE 0.750% 2/0	principal	20,000,000	$19.7M	0
PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0	principal	19,582,000	$19.5M	0
DEXCOM INCDEXCOM INC NOTE 0.375% 5/1	principal	20,000,000	$18.8M	+2,500,000
Dynavax Technologies CorpDynavax Technologies Corp Convertible bond	principal	20,000,000	$18.3M	new
WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1	principal	10,000,000	$18M	new
SNAP INCSNAP INC NOTE 5/0	principal	19,632,000	$17.8M	new
HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0	principal	17,000,000	$17M	0
BILL HOLDINGS INCBILL HOLDINGS INC NOTE 4/0	principal	17,795,000	$16.2M	+14,404,000
LIVEPERSON INCLIVEPERSON INC NOTE 12/1	principal	40,016,000	$16M	0
LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible	principal	12,500,000	$15.9M	-11,000,000
SNAP INCSNAP INC NOTE 0.125% 3/0	principal	16,775,000	$14.6M	+13,275,000
NUTANIX INCNUTANIX INC Convertible	principal	10,000,000	$14.1M	+2,813,000
UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1	principal	14,439,000	$13.8M	new
SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1	principal	12,000,000	$13.2M	new
LCID 1 1/4 12/15/26LCID 1 1/4 12/15/26 FIXED INCOME	principal	15,000,000	$13.2M	new
PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 2.875% 4/1	principal	7,850,000	$12.8M	0
WORKIVA INCWORKIVA INC NOTE 1.250% 8/1	principal	13,531,000	$12.7M	new
FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP NOTE 0.375% 1/1	principal	12,674,000	$12.3M	0
APELLIS PHARMACEUTICALS INCAPELLIS PHARMACEUTICALS INC NOTE 3.500% 9/1	principal	11,950,000	$12.2M	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
HUBSPOT INCHUBSPOT INC	111,020,000	$233M	principal
LIVONGO HEALTH INCLIVONGO HEALTH INC	138,538,000	$138M	principal
ZSCALER INCZSCALER INC	98,142,000	$130M	principal
LYFT INCLYFT INC	115,742,000	$116M	principal
FIVE9 INCFIVE9 INC	109,805,000	$109M	principal
ZIFF DAVIS INCZIFF DAVIS INC	94,500,000	$88.5M	shares
UNITED STATES STL CORPUNITED STATES STL CORP	25,012,000	$79.8M	principal
HEALTH CATALYST INCHEALTH CATALYST INC	75,256,000	$76M	principal
INFINERA CORPINFINERA CORP	58,000,000	$75.2M	principal
INSULET CORPINSULET CORP	55,000,000	$71.2M	principal
DATADOG INCDATADOG INC	63,105,000	$70.6M	principal
INSMED INCINSMED INC	20,000,000	$47.5M	principal
NEOGENOMICS INCNEOGENOMICS INC	45,189,000	$45.3M	principal
VERADIGM INCVERADIGM INC	41,146,000	$44.5M	principal
NATIONAL VISION HLDGS INCNATIONAL VISION HLDGS INC	40,029,000	$40.3M	principal
NOVA LTDNOVA LTD	14,261,000	$35.2M	principal
ARTIVION INCARTIVION INC	30,500,000	$34.2M	principal
ACCURAY INC DELACCURAY INC DEL	34,804,000	$32.5M	principal
BURLINGTON STORES INCBURLINGTON STORES INC	25,742,000	$28.3M	principal
SOUTHWEST AIRLS COSOUTHWEST AIRLS CO	25,000,000	$25.1M	principal
PAGERDUTY INCPAGERDUTY INC	21,219,000	$21.1M	principal
VAREX IMAGING CORPVAREX IMAGING CORP	20,521,000	$20.8M	principal
KFIIUK&F GROWTH ACQUISITION CORP	2,000,000	$20.2M	shares
Dynavax Technologies CorpDynavax Technologies Corp	20,000,000	$19.8M	shares
ATIIUARCHIMEDES TECH SPAC PARTNER	1,500,000	$15.2M	shares
LOKVULIVE OAK ACQUISITION CORP V	1,500,000	$15.1M	shares
HVIIUHENNESSY CAP INVT CORP VII	1,500,000	$15.1M	shares
FERAUFIFTH ERA ACQUISITION CORP I	1,500,000	$15.1M	shares
VEECO INSTRS INC DELVEECO INSTRS INC DEL	8,164,000	$12.3M	principal
NHICUNEWHOLD INVT CORP III	800,000	$8.06M	shares
GSHRUGESHER ACQUISITION CORP. II	769,478	$7.72M	shares
RAPID7 INCRAPID7 INC	7,455,000	$7.5M	principal
CERENCE INCCERENCE INC	7,000,000	$7.03M	principal
ACCOLADE INCACCOLADE INC	6,250,000	$6.17M	principal
ITGRINTEGER HLDGS CORP	41,188	$4.86M	shares
SOLAREDGE TECHNOLOGIES INCSOLAREDGE TECHNOLOGIES INC	4,600,000	$4.47M	principal
IMPINJ INCIMPINJ INC	2,750,000	$3.14M	principal
RACURITHM ACQUISITION CORP	300,000	$3.03M	shares
SUMMIT HOTEL PPTYSSUMMIT HOTEL PPTYS	2,000,000	$1.92M	principal
INFLECTION POINT ACQU CORP VINFLECTION POINT ACQU CORP V	125,000	$1.27M	shares
ARES ACQUISITION CORP IIARES ACQUISITION CORP II	100,000	$1.11M	shares
CANTOR EQUITY PARTNERS INCCANTOR EQUITY PARTNERS INC	100,000	$1.07M	shares
GRPNGROUPON INC	29,150	$547K	shares
SATELLOGIC INCSATELLOGIC INC	91,779	$41.4K	shares
MONEYLION INCMONEYLION INC	141,750	$37.6K	shares
GLOBAL BLUE GROUP HOLDING AGGLOBAL BLUE GROUP HOLDING AG	1,500,000	$33.3K	shares
HERAMBA ELECTRIC EQHERAMBA ELECTRIC EQ	618,750	$6.25K	shares
VAST RENEWABLES LIMITEDVAST RENEWABLES LIMITED	150,000	$5.08K	shares
ZCARWZOOMCAR HLDGS INC WT EXP 12/31	200,000	$2.76K	shares
LDTDFLEDDARTECH HLDGS INC WT EXP 12	33,333	$2.02K	shares
SSTPWSYSTEM1 INC WT EXP 01/27/27 (D	60,750	$1.21K	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 0001346554-25-000068	base		2025-08-14	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC