WHITEBOX ADVISORS LLC

13F filer, CIK 1257391, MINNEAPOLIS, MN

WHITEBOX ADVISORS LLC reported $6,649,374,977 across 429 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 47.02% of the portfolio.

Filed 2025-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 03:02:25 UTC13F-HR 0001257391-25-000009

Period: 2025-09-30
Reported value: $6.65B
Holdings: 429
Top 10 weight: 47.02%
New: 124
Sold out: 79

Stakes and trades reported after 2025-09-30

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

KLXE KLX ENERGY SERVICES HOLDINGS: 13D 13,055,633 shares, 12.4% of the class, 13D filed 2026-10-06, 0000905148-26-004377 Timeline
Accepted 2026-10-06 20:28:30 UTC, ingested 2026-10-06 20:29:49 UTC

Largest buys vs the previous quarter

Security	Shares change	Approx. value
VERONA PHARMA PLCnew	+1,566,501	$167M
CYBERARK SOFTWARE LTD/ISRAELnew	+138,001	$66.7M
GTLSnew	+317,606	$63.6M
WNS HLDGS LTD COM SHSnew	+779,591	$59.5M
GPORadded	+164,178	$29.7M

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
CHAMPIONX CORPORATIONexited	-3,271,356	-$81.3M
AZEK CO INCexited	-1,073,501	-$58.3M
BLUEPRINT MEDICINES CORPexited	-310,001	-$39.7M
SPRINGWORKS THERAPEUTICS INCexited	-795,191	-$37.4M
MR COOPER GROUP INCreduced	-169,695	-$35.8M

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

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001257391-25-000009, largest first. % of portfolio is the value over $5,376,138,798, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
VERONA PHARMA PLCVERONA PHARMA PLC	1,566,501	$167M	3.11%	new
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC	163,101,000	$166M	3.09%	-10,000,000
LBRDKLIBERTY BROADBAND CORP	1,451,280	$92.2M	1.72%	+66,672	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	138,001	$66.7M	1.24%	new
MR COOPER GROUP INCMR COOPER GROUP INC	315,155	$66.4M	1.24%	-169,695
GTLSCHART INDS INC	317,606	$63.6M	1.18%	new	Timeline
WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHS	779,591	$59.5M	1.11%	new
TFPMTRIPLE FLAG PRECIOUS METAL	1,798,962	$52.6M	0.98%	-611,095	Timeline
GPORGULFPORT ENERGY CORP	274,627	$49.7M	0.92%	+164,178	Timeline
HEI-AHEICO CORP NEW	122,799	$31.2M	0.58%	+3,845	Timeline
GRFSGRIFOLS S A	2,621,468	$26.1M	0.49%	0	Timeline
KKELLANOVA	315,001	$25.8M	0.48%	-68,845	Timeline
DCHDAUCH CORP	4,221,891	$25.4M	0.47%	-1,377,123	Timeline
FOXFOX CORP	422,182	$24.2M	0.45%	new	Timeline
INFORMATICA INCINFORMATICA INC	912,963	$22.7M	0.42%	-1,137,038
LBRDALIBERTY BROADBAND CORP	348,076	$22M	0.41%	0	Timeline
UPWHEELS UP EXPERIENCE INC	28,365,086	$19.3M	0.36%	-10,295,817	Timeline
CHRDCHORD ENERGY CORPORATION	174,476	$17.3M	0.32%	0	Timeline
CIVICIVITAS RESOURCES INC	400,000	$13M	0.24%	new	Timeline
PPLIPEOPLE INC	375,808	$12.8M	0.24%	+55,900	Timeline
GLIBKLIBERTY CAP CORP	342,215	$12.8M	0.24%	new	Timeline
VALVALARIS LTD	253,925	$12.4M	0.23%	-205,186	Timeline
BLCOBAUSCH PLUS LOMB CORP	807,125	$12.2M	0.23%	-484,520	Timeline
UAAUNDER ARMOUR INC	2,251,897	$11.2M	0.21%	new	Timeline
CSTMCONSTELLIUM SE	661,260	$9.84M	0.18%	-181,729	Timeline
SVCSERVICE PPTYS TR	3,496,236	$9.47M	0.18%	-255,063	Timeline
NWSANEWS CORP NEW	280,440	$8.61M	0.16%	new	Timeline
VNMEVENDOME ACQUISITION CORP I	825,000	$8.19M	0.15%	new	Timeline
TACHTITAN ACQUISITION CORP	800,000	$8.1M	0.15%	0	Timeline
HDRNGIGCAPITAL7 CORP	760,000	$8.02M	0.15%	0	Timeline
CYHCOMMUNITY HEALTH SYS INC NEW	2,385,086	$7.66M	0.14%	+250,000	Timeline
FERAFIFTH ERA ACQUISITION CORP I	750,000	$7.63M	0.14%	0	Timeline
MGMMGM RESORTS INTERNATIONAL	214,161	$7.42M	0.14%	+52,831	Timeline
SOULSOULPOWER ACQUISITION CORP	650,000	$6.56M	0.12%	0	Timeline
SZZLSIZZLE ACQUISITION CORP. II	650,000	$6.55M	0.12%	0	Timeline
BCARD. BORAL ARC ACQ I CORP.	650,000	$6.45M	0.12%	new	Timeline
CUKCARNIVAL PLC	237,685	$6.28M	0.12%	-181,922	Timeline
WENNWEN ACQUISITION CORP	600,000	$6.07M	0.11%	new	Timeline
GTGOODYEAR TIRE & RUBR CO	786,089	$5.88M	0.11%	+136,659	Timeline
ACIALBERTSONS COMPANIES INC	334,582	$5.86M	0.11%	+37,667	Timeline
NCMINATIONAL CINEMEDIA INC	1,242,084	$5.6M	0.1%	0	Timeline
FACCARTESIAN GROWTH CORP III	550,000	$5.52M	0.1%	new	Timeline
HOUSANYWHERE REAL ESTATE INC	512,880	$5.43M	0.1%	-163,067	Timeline
SIMASIM ACQUISITION CORP. I	500,000	$5.27M	0.1%	0	Timeline
NPACNEW PROVIDENCE ACQUISITION C	500,000	$5.08M	0.09%	0	Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGS	3,209,984	$5.07M	0.09%	-23,500	Timeline
RAAQREAL ASSET ACQUISITION CORP	500,000	$5.07M	0.09%	0	Timeline
THCTENET HEALTHCARE CORP	24,515	$4.98M	0.09%	-5,500	Timeline
AAMAA MISSION ACQUISITION COR-A	450,000	$4.73M	0.09%	0	Timeline
CEPFCANTOR EQUITY PARTNERS IV IN	450,000	$4.58M	0.09%	new	Timeline
TGNATEGNA INC	221,537	$4.5M	0.08%	-129,451	Timeline
DMIIUDRUGS MADE IN AMER ACQ II CO	450,000	$4.48M	0.08%	new	Timeline
CVLTCOMMVAULT SYS INC	23,000	$4.34M	0.08%	new	Timeline
ALDFALDEL FINL II INC	400,000	$4.18M	0.08%	0	Timeline
BEAGBOLD EAGLE ACQUISITION CORP	400,000	$4.16M	0.08%	0	Timeline
CHARCHARLTON ARIA ACQUISITION CO	399,000	$4.13M	0.08%	0	Timeline
DRDBROMAN DBDR ACQUISITION CORP	400,000	$4.13M	0.08%	0	Timeline
SVCCSTELLAR V CAP CORP	400,000	$4.12M	0.08%	0	Timeline
DMAADRUGS MADE IN AMER ACQUTN CO	400,000	$4.11M	0.08%	0	Timeline
RACRITHM ACQUISITION CORP	400,000	$4.1M	0.08%	0	Timeline
DAAQDIGITAL ASSET ACQUISITION CO	400,000	$4.08M	0.08%	0	Timeline
CCAQCOLLECTIVE ACQUISITION CORP	400,000	$4.04M	0.08%	0	Timeline
EMMIS ACQUISITION CORP.EMMIS ACQUISITION CORP.	400,000	$3.99M	0.07%	new
EVACEQV VENTURES AC CORP. II	400,000	$3.98M	0.07%	new	Timeline
NOEMCO2 ENERGY TRANSITION CORP	390,000	$3.98M	0.07%	0	Timeline
NTWONEWBURY STR II ACQUISITION C	375,000	$3.88M	0.07%	0	Timeline
SIRISIRIUSXM HOLDINGS INC	165,943	$3.86M	0.07%	-6,000	Timeline
EWZISHARES INC	123,285	$3.82M	0.07%	-51,595	Timeline
LPBBLAUNCH TWO ACQUISITION CORP.	350,000	$3.66M	0.07%	0	Timeline
WOLFWOLFSPEED INC	124,348	$3.56M	0.07%	new	Timeline
OTGAUOTG ACQUISITION CORP. I	350,000	$3.52M	0.07%	new	Timeline
DMBBNY MELLON MUN BD INFRASTRUC	310,458	$3.32M	0.06%	-10,438	Timeline
WLACWILLOW LANE ACQUISITION CORP	275,000	$3.18M	0.06%	-125,000	Timeline
TDACTRANSLATIONAL DEV ACQUISITIO	305,000	$3.16M	0.06%	0	Timeline
CEPTCANTOR EQUITY PARTNERS II IN	300,000	$3.15M	0.06%	0	Timeline
FTWEQV VENTURES ACQUISITION C-A	300,000	$3.11M	0.06%	0	Timeline
TAVITAVIA ACQUISITION CORP	300,000	$3.1M	0.06%	0	Timeline
MLACMOUNTAIN LAKE ACQUISITION CO	300,000	$3.09M	0.06%	0	Timeline
RDAGREPUBLIC DIGITAL ACQUISITION	300,000	$3.06M	0.06%	0	Timeline
GSHRGESHER ACQUISITION CORP. II	300,000	$3.04M	0.06%	0	Timeline
COPLCOPLEY ACQUISITION CORP	300,000	$3.03M	0.06%	0	Timeline
IPCXINFLECTION PT ACQUISITION CO	300,000	$3.02M	0.06%	new	Timeline
TLNCUTALON CAP CORP	300,000	$3.01M	0.06%	new	Timeline
PACHPIONEER ACQUISITION I CORP	300,000	$2.99M	0.06%	new	Timeline
PAIIPYROPHYTE ACQUISITION CORP.	300,000	$2.99M	0.06%	new	Timeline
ECHISHARES INC	86,718	$2.86M	0.05%	+29,718	Timeline
VCICVINE HILL CAP INVT CORP.	265,000	$2.84M	0.05%	0	Timeline
MERUS N VMERUS N V	30,001	$2.82M	0.05%	new
CHENGHE ACQUISITION III COCHENGHE ACQUISITION III CO	275,000	$2.74M	0.05%	new
ONCH1RT ACQUISITION CORP.	260,000	$2.72M	0.05%	new	Timeline
TONTGRAF GLOBAL CORP	250,000	$2.63M	0.05%	0	Timeline
OACCOAKTREE ACQUISITION CORP III	250,000	$2.63M	0.05%	0	Timeline
LPAALAUNCH ONE ACQUISITION CORP	250,000	$2.62M	0.05%	0	Timeline
GLIBALIBERTY CAP CORP	69,614	$2.61M	0.05%	new	Timeline
FACTFACT II ACQUISITION CORP	250,000	$2.58M	0.05%	0	Timeline
RANGRANGE CAP ACQUISITION CORP	250,000	$2.57M	0.05%	0	Timeline
ATIIARCHIMEDES TECH SPAC PARTNER	250,000	$2.55M	0.05%	0	Timeline
NHICNEWHOLD INVT CORP III	250,000	$2.54M	0.05%	0	Timeline
OYSEOYSTER ENTERPRISES II ACQUIS	250,000	$2.51M	0.05%	new	Timeline
SPEGSILVER PEGASUS ACQUISITION C	250,000	$2.49M	0.05%	new	Timeline
BLUWBLUE WTR ACQUISITION CORP. I	250,000	$2.49M	0.05%	new	Timeline
GMGENERAL MTRS CO	39,022	$2.38M	0.04%	-14,000	Timeline
KFIIK&F GROWTH ACQUISITION CORP	225,000	$2.3M	0.04%	0	Timeline
CHACCRANE HARBOR ACQU CORP - A	225,000	$2.28M	0.04%	0	Timeline
MBIMBIA INC	304,461	$2.27M	0.04%	-12,645	Timeline
BHCBAUSCH HEALTH COS INC	350,829	$2.26M	0.04%	-200,000	Timeline
LCCCLAKESHORE ACQUISITION III CO	218,500	$2.2M	0.04%	0	Timeline
POLEANDRETTI ACQUISITION CORP II	200,000	$2.09M	0.04%	0	Timeline
XRPNARMADA ACQUISITION CORP II	200,000	$2.09M	0.04%	new	Timeline
ONENHENNESSY CAP INVT CORP VII	200,000	$2.04M	0.04%	0	Timeline
TVAITHAYER VENTURES ACQ CORP II	200,000	$2.01M	0.04%	new	Timeline
GALATA ACQUISITION CORP IIGALATA ACQUISITION CORP II	200,000	$2M	0.04%	new
DSMBNY MELLON STRATEGIC MUN BD	335,217	$1.98M	0.04%	-43,776	Timeline
ENHAA PARADISE ACQUISITION CORP	200,000	$1.98M	0.04%	new	Timeline
EWWISHARES INC	28,453	$1.94M	0.04%	-3,297	Timeline
INFQINFLEQTION INC	150,000	$1.93M	0.04%	new	Timeline
LEOBNY MELLON STRATEGIC MUNS IN	305,421	$1.91M	0.04%	0	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	115,000	$1.89M	0.04%	-203,914
COHUCOHU INC	92,054	$1.87M	0.03%	new	Timeline
JACSJACKSON ACQUISITION CO II	175,000	$1.82M	0.03%	0	Timeline
CXEMFS HIGH INCOME MUN TR	483,300	$1.8M	0.03%	0	Timeline
BACCBLUE ACQUISITION CORP.	175,000	$1.75M	0.03%	new	Timeline
INACINDIGO ACQUISITION CORP	175,000	$1.74M	0.03%	new	Timeline
AXINAXIOM INTELLIGENCE AC CORP 1	175,000	$1.74M	0.03%	new	Timeline
CARAVIS BUDGET GROUP INC	10,771	$1.73M	0.03%	+200	Timeline
CEPOCANTOR EQUITY PARTNERS I INC	155,000	$1.62M	0.03%	-5,000	Timeline
SBIWESTERN ASSET INTER MUNI	204,801	$1.62M	0.03%	-47,825	Timeline
FCRSUFUTURECREST ACQUISITION CORP	150,000	$1.59M	0.03%	new	Timeline
VACHVOYAGER ACQUISITION CORP	150,000	$1.57M	0.03%	0	Timeline
JENAUJENA ACQUISITION CORP II	150,000	$1.56M	0.03%	0	Timeline
MERCMERCER INTL INC	536,019	$1.54M	0.03%	+96,596	Timeline
SVACUSPRING VY ACQUISITION CORP I	150,000	$1.54M	0.03%	new	Timeline
COLACOLUMBUS ACQUISITION CORP	150,000	$1.53M	0.03%	0	Timeline
TBNTAMBORAN RES CORP	56,022	$1.53M	0.03%	0	Timeline
STARRY SEA ACQUISITION CORPSTARRY SEA ACQUISITION CORP	150,000	$1.52M	0.03%	new
MBVIUM3-BRIGADE ACQUISITION VI CO	150,000	$1.52M	0.03%	new	Timeline
KOYNUCSLM DIGITA ASSET ACQ CORP I	150,000	$1.51M	0.03%	new	Timeline
CHPGCHAMPIONSGATE ACQUISITION CO	150,000	$1.51M	0.03%	0	Timeline
PELIPELICAN ACQUISITION CORP SHS (	150,000	$1.51M	0.03%	new	Timeline
WTGWINTERGREEN ACQUISITION CORP	150,000	$1.51M	0.03%	new	Timeline
EGHAEGH ACQUISITION CORP.	150,000	$1.5M	0.03%	new	Timeline
CRAQCAL REDWOOD ACQUISITION CORP	150,000	$1.5M	0.03%	new	Timeline
FIGXFIGX CAP ACQUISITION CORP.	150,000	$1.5M	0.03%	new	Timeline
GTERAGLOBA TERRA ACQUISITION COR	150,000	$1.5M	0.03%	new	Timeline
TROXTRONOX HOLDINGS PLC	369,723	$1.49M	0.03%	new	Timeline
BLACKROCK N Y MUN INCOME TRUBLACKROCK N Y MUN INCOME TRU	145,147	$1.47M	0.03%	-7,360
VLOSVELOS ACQUISITION I CORP	130,000	$1.37M	0.03%	+20,000	Timeline
CAPNCAYSON ACQUISITION CORP	125,000	$1.31M	0.02%	0	Timeline
VSXYVICTORIAS SECRET AND CO	47,640	$1.29M	0.02%	-17,700	Timeline
CAEPCANTOR EQUITY PARTNERS III I	125,000	$1.29M	0.02%	0	Timeline
IPEXINFLECTION POINT ACQU CORP V	125,000	$1.28M	0.02%	0	Timeline
RIBBRIBBON ACQUISITION CORP	125,000	$1.28M	0.02%	0	Timeline
CCIICOHEN CIRCLE ACQUISIT CORP I	125,000	$1.27M	0.02%	new	Timeline
XPCQXPIMCO CALIF MUN INCOME FD	145,476	$1.27M	0.02%	new	Timeline
COLOGLOBAL X FDS	38,100	$1.25M	0.02%	0	Timeline
LWACLIGHTWAVE ACQUISITION CORP	125,000	$1.24M	0.02%	new	Timeline
BLACKROCK MUNIHLDGS NY QLTYBLACKROCK MUNIHLDGS NY QLTY	121,671	$1.24M	0.02%	0
AFBALLIANCEBERNSTEIN NATL MUN I	113,648	$1.23M	0.02%	0	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	200,000	$1.2M	0.02%	0
WBDWARNER BROS DISCOVERY INC	59,739	$1.17M	0.02%	-121,000	Timeline
RRYDER SYS INC	6,014	$1.13M	0.02%	-3,000	Timeline
MCGAYORKVILLE ACQUISITION CORP.	100,000	$1.07M	0.02%	new	Timeline
CUBLIONHEART HOLDINGS	100,000	$1.05M	0.02%	0	Timeline
FVNFUTURE VISION II ACQUISITION	100,000	$1.05M	0.02%	0	Timeline
PIIMPINJ INC	5,715	$1.03M	0.02%	new	Timeline
PLMKPLUM ACQUISITION CORP IV	100,000	$1.03M	0.02%	0	Timeline
BLZRUTRAILBLAZER ACQUISITION CORP	100,000	$1.02M	0.02%	new	Timeline
HVMCUHIGHVIEW MERGER CORP	100,000	$1.01M	0.02%	new	Timeline
HCMAHCM III ACQUISITION CORP	100,000	$1.01M	0.02%	new	Timeline
BTC DEV CORPBTC DEV CORP	100,000	$1.01M	0.02%	new
MKLYUMCKINLEY ACQUISITION CORP	100,000	$999K	0.02%	new	Timeline
SOCASOLARIUS CAPITAL ACQU CORP	100,000	$996K	0.02%	new	Timeline
OBAOXLEY BRIDGE ACQ LTD	100,000	$996K	0.02%	new	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	2,100	$958K	0.02%	new	Timeline
SKYDPARAMOUNT SKYDANCE CORP	50,548	$956K	0.02%	new	Timeline
WHRWHIRLPOOL CORP	11,313	$889K	0.02%	-2,500	Timeline
CZRCAESARS ENTERTAINMENT INC NE	31,618	$854K	0.02%	new	Timeline
PCAPPROCAP ACQUISITION CORP	70,281	$722K	0.01%	new	Timeline
KYIVWKYIVSTAR GROUP LTD	150,000	$609K	0.01%	new	Timeline
Spring Valley Acquisition C…Spring Valley Acquisition Corp II	464,261	$604K	0.01%	0
WLACWWILLOW LANE ACQUISITION CORP	200,000	$560K	0.01%	0	Timeline
BULLWWEBULL CORP	89,397	$544K	0.01%	0	Timeline
IAUX/WSI-80 GOLD CORP	1,117,500	$503K	0.01%	new	Timeline
BLACKROCK MUNIHOLDINGS QUAL…BLACKROCK MUNIHOLDINGS QUALITY	46,481	$468K	0.01%	-6,531
GIGGWGIGCAPITAL7 CORP	804,500	$362K	0.01%	0	Timeline
ELBMELECTRA BATTERY MATERIALS CO	296,965	$359K	0.01%	0	Timeline
RIGTRANSOCEAN LTD	100,000	$312K	0.01%	new	Timeline
CVSCVS HEALTH CORP	4,050	$305K	0.01%	0	Timeline
PCGPG&E CORP	15,000	$226K	<0.01%	0	Timeline
VCICWVINE HILL CAP INVT CORP.	132,500	$212K	<0.01%	0	Timeline
NBRNABORS INDUSTRIES LTD	4,900	$200K	<0.01%	-8,096	Timeline
FERARFIFTH ERA ACQUISITION CORP I	750,000	$199K	<0.01%	0	Timeline
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	50,000	$178K	<0.01%	new
WENNWWEN ACQUISITION CORP	300,000	$168K	<0.01%	new	Timeline
CRMLWCRITICAL METALS CORP	69,750	$147K	<0.01%	0	Timeline
IPCXRINFLECTION PT ACQUISITION CO	300,000	$132K	<0.01%	new	Timeline
BZAIWBLAIZE HLDGS INC	209,250	$130K	<0.01%	0	Timeline
SOULPOWER ACQUISITION CORPSOULPOWER ACQUISITION CORP	650,000	$124K	<0.01%	0
DAAQWDIGITAL ASSET ACQUISITION CO	200,000	$122K	<0.01%	0	Timeline
TACHWTITAN ACQUISITION CORP	400,000	$120K	<0.01%	0	Timeline
RANGRRANGE CAP ACQUISITION CORP	250,000	$118K	<0.01%	0	Timeline
SZZLRSIZZLE ACQUISITION CORP. II	650,000	$117K	<0.01%	0	Timeline
RAAQWREAL ASSET ACQUISITION CORP	250,000	$112K	<0.01%	0	Timeline
RTS/IRON HORSE ACQUISITIONS…RTS/IRON HORSE ACQUISITIONS CORP …	150,000	$110K	<0.01%	0
ALDFWALDEL FINL II INC	200,000	$108K	<0.01%	0	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	400,000	$108K	<0.01%	0	Timeline
BIGBEAR AI HLDGS INCBIGBEAR AI HLDGS INC	50,598	$107K	<0.01%	0
DRDBWROMAN DBDR ACQUISITION CORP	200,000	$103K	<0.01%	0	Timeline
RDAGWREPUBLIC DIGITAL ACQUISITION	150,000	$97.5K	<0.01%	0	Timeline
XRPNWARMADA ACQUISITION CORP II	100,000	$95K	<0.01%	new	Timeline
NOEMRCO2 ENERGY TRANSITION CORP	390,000	$93.6K	<0.01%	0	Timeline
SIMAWSIM ACQUISITION CORP. I	250,000	$92.5K	<0.01%	0	Timeline
VLOSWVELOS ACQUISITION I CORP	75,000	$91.5K	<0.01%	0	Timeline
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	75,000	$90K	<0.01%	0
RACWSRITHM ACQUISITION CORP	133,333	$88K	<0.01%	0	Timeline
DMAARDRUGS MADE IN AMER ACQUTN CO	400,000	$87K	<0.01%	0	Timeline
CHARRCHARLTON ARIA ACQUISITION CO	399,000	$85.4K	<0.01%	0	Timeline
RTACWRENATUS TACTICAL ACQUIS	70,000	$84K	<0.01%	0	Timeline
VNMEWVENDOME ACQUISITION CORP I	412,500	$82.5K	<0.01%	new	Timeline
AA MISSION ACQUISITI…AA MISSION ACQUISITION …	475,000	$76K	<0.01%	0
IPEXRINFLECTION POINT ACQU CORP V	125,000	$75K	<0.01%	0	Timeline
RZLVWREZOLVE AI PLC	46,500	$74.6K	<0.01%	0	Timeline
NPACWNEW PROVIDENCE ACQUISITION C	166,666	$73.3K	<0.01%	0	Timeline
BCARWD. BORAL ARC ACQ I CORP.	325,000	$71.5K	<0.01%	new	Timeline
SVCCWSTELLAR V CAP CORP	200,000	$70K	<0.01%	0	Timeline
CRANE HBR ACQUISITION CORPCRANE HBR ACQUISITION CORP	225,000	$69.8K	<0.01%	0
CGCTWCARTESIAN GROWTH CORP III	275,000	$68.8K	<0.01%	new	Timeline
TAVIRTAVIA ACQUISITION CORP	300,000	$66K	<0.01%	0	Timeline
NOEMWCO2 ENERGY TRANSITION CORP	390,000	$65.9K	<0.01%	0	Timeline
LPBBWLAUNCH TWO ACQUISITION CORP.	175,000	$64.8K	<0.01%	0	Timeline
CCAQWCOLLECTIVE ACQUISITION CORP	300,000	$63.1K	<0.01%	0	Timeline
SPEGRSILVER PEGASUS ACQUISITION C	250,000	$62.5K	<0.01%	new	Timeline
ONCHW1RT ACQUISITION CORP.	65,000	$57.9K	<0.01%	new	Timeline
LPAAWLAUNCH ONE ACQUISITION CORP	255,571	$56.2K	<0.01%	0	Timeline
HVIIRHENNESSY CAP INVT CORP VII	200,000	$54K	<0.01%	0	Timeline
BTMWQBITCOIN DEPOT INC	213,750	$53K	<0.01%	0	Timeline
PYROPHYTE ACQUISITION CORP.PYROPHYTE ACQUISITION CORP.	150,000	$52.5K	<0.01%	new
GSHRWGESHER ACQUISITION CORP. II	150,000	$50.2K	<0.01%	0	Timeline
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	99,997	$50K	<0.01%	0
ATIIWARCHIMEDES TECH SPAC PARTNER	125,000	$48.8K	<0.01%	0	Timeline
NTWOWNEWBURY STR II ACQUISITION C	187,500	$47.7K	<0.01%	0	Timeline
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	175,000	$47.2K	<0.01%	0
DRTSWALPHA TAU MEDICAL LTD	136,018	$46.9K	<0.01%	0	Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	300,000	$45K	<0.01%	0	Timeline
NHICWNEWHOLD INVT CORP III	125,000	$45K	<0.01%	0	Timeline
LCCCRLAKESHORE ACQUISITION III CO	218,500	$44.6K	<0.01%	0	Timeline
TDACWTRANSLATIONAL DEV ACQUISITIO	152,500	$44.2K	<0.01%	0	Timeline
OYSEROYSTER ENTERPRISES II ACQUIS	250,000	$42.5K	<0.01%	new	Timeline
BKHARBLACK HAWK ACQUISITION CORP	25,000	$42.5K	<0.01%	0	Timeline
GRAF GLOBAL CORPGRAF GLOBAL CORP	125,000	$41.2K	<0.01%	0
PELIRPELICAN ACQUISITION CORP RT	150,000	$40.5K	<0.01%	new	Timeline
MCGAWYORKVILLE ACQUISITION CORP.	33,333	$40K	<0.01%	new	Timeline
HOVRWNEW HORIZON AIRCRAFT LTD	100,000	$38.8K	<0.01%	0	Timeline
VWAVWVISIONWAVE HOLDINGS INC	93,000	$38.3K	<0.01%	new	Timeline
OACCWOAKTREE ACQUISITION CORP III	50,000	$37.5K	<0.01%	0	Timeline
CNCKWCOINCHECK GROUP NV	50,079	$36.1K	<0.01%	0	Timeline
FACTWFACT II ACQUISITION CORP	125,000	$35K	<0.01%	0	Timeline
TVAIRTHAYER VENTURES ACQ CORP II	200,000	$34K	<0.01%	new	Timeline
KFIIRK&F GROWTH ACQUISITION CORP	225,000	$33.8K	<0.01%	0	Timeline
CRAQRCAL REDWOOD ACQUISITION CORP	150,000	$33K	<0.01%	new	Timeline
PACHWPIONEER ACQUISITION I CORP	150,000	$33K	<0.01%	new	Timeline
VACHWVOYAGER ACQUISITION CORP	193,612	$32.9K	<0.01%	0	Timeline
EQV VENTURES AC CORP. IIEQV VENTURES AC CORP. II	133,333	$32K	<0.01%	new
EGHAREGH ACQUISITION CORP.	150,000	$31.5K	<0.01%	new	Timeline
COPLEY ACQUISITION CORPCOPLEY ACQUISITION CORP	150,000	$30.1K	<0.01%	0
CCIIWCOHEN CIRCLE ACQUISIT CORP I	31,249	$29.7K	<0.01%	new	Timeline
BACCRBLUE ACQUISITION CORP.	175,000	$28.2K	<0.01%	new	Timeline
AXINRAXIOM INTELLIGENCE AC CORP 1	175,000	$28K	<0.01%	new	Timeline
INACRINDIGO ACQUISITION CORP	175,000	$28K	<0.01%	new	Timeline
RIBBRRIBBON ACQUISITION CORP	125,000	$27.5K	<0.01%	0	Timeline
COLARCOLUMBUS ACQUISITION CORP	150,000	$27K	<0.01%	0	Timeline
WINTERGREEN ACQUISITION CORPWINTERGREEN ACQUISITION CORP	150,000	$24K	<0.01%	new
HCMAWHCM III ACQUISITION CORP	33,333	$23.6K	<0.01%	new	Timeline
FLDDWFOLD HLDGS INC	46,500	$23.3K	<0.01%	0	Timeline
GTERRGLOBA TERRA ACQUISITION COR	150,000	$22.5K	<0.01%	new	Timeline
CAPNRCAYSON ACQUISITION CORP	125,000	$22.4K	<0.01%	0	Timeline
ENGNWENGENE HOLDINGS INC	31,000	$22K	<0.01%	0	Timeline
CHPGRCHAMPIONSGATE ACQUISITION CO	150,000	$21K	<0.01%	0	Timeline
POLEWANDRETTI ACQUISITION CORP II	100,000	$20K	<0.01%	0	Timeline
DYCQRDT CLOUD ACQUISITION CORP RT 0	107,306	$19.3K	<0.01%	0	Timeline
VGASWVERDE CLEAN FUELS INC	177,090	$18.2K	<0.01%	0	Timeline
FIGXWFIGX CAP ACQUISITION CORP.	75,000	$18K	<0.01%	new	Timeline
FVNNRFUTURE VISION II ACQUISITION	100,000	$18K	<0.01%	0	Timeline
BLUWWBLUE WTR ACQUISITION CORP. I	125,000	$17.7K	<0.01%	new	Timeline
OAK WOODS ACQUISITION CORPOAK WOODS ACQUISITION CORP	68,000	$17K	<0.01%	0
GTERWGLOBA TERRA ACQUISITION COR	112,500	$16.3K	<0.01%	new	Timeline
FLYEXCLUSIVE INCFLYEXCLUSIVE INC	50,422	$16K	<0.01%	0
PCAPWPROCAP ACQUISITION CORP	23,427	$15.2K	<0.01%	new	Timeline
CN HEALTHY FOOD TECH GROUP CCN HEALTHY FOOD TECH GROUP C	150,000	$15.2K	<0.01%	0
PLMKWPLUM ACQUISITION CORP IV	50,000	$13.5K	<0.01%	0	Timeline
CUBWWLIONHEART HOLDINGS	50,000	$12.8K	<0.01%	0	Timeline
SOCAWSOLARIUS CAPITAL ACQU CORP	50,000	$12.4K	<0.01%	new	Timeline
LWACWLIGHTWAVE ACQUISITION CORP	62,500	$12K	<0.01%	new	Timeline
NUAIWNEW ERA ENERGY & DIGITAL INC	34,875	$11.8K	<0.01%	0	Timeline
NVNIWNVNI GROUP LIMITED	162,750	$11.7K	<0.01%	0	Timeline
BRLSWBOREALIS FOODS INC	148,800	$11.4K	<0.01%	0	Timeline
TGEWSGENERATION ESSENTIALS GROUP	83,333	$10.9K	<0.01%	0	Timeline
BGLWWBLUE GOLD LTD	23,250	$10.6K	<0.01%	0	Timeline
ZOOZWZOOZ STRATEGY LTD	58,750	$10.4K	<0.01%	0	Timeline
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	25,000	$9.88K	<0.01%	0
DISTOKEN ACQUISITION CORPDISTOKEN ACQUISITION CORP	100,000	$9.09K	<0.01%	new
HOLLEY INCHOLLEY INC	79,311	$8.67K	<0.01%	0
OBAWWOXLEY BRIDGE ACQ LTD	50,000	$8.51K	<0.01%	new	Timeline
MOBXWMOBIX LABS INC	93,000	$8.37K	<0.01%	0	Timeline
DTSQRDT CLOUD STAR ACQUISITION CO	50,000	$7.5K	<0.01%	0	Timeline
SBCWWSBC MED GROUP HLDGS INC	35,000	$7.3K	<0.01%	0	Timeline
CYCUWCYCURION INC	164,500	$7.24K	<0.01%	0	Timeline
GCLWWGCL GLOBAL HLDGS LTD	95,000	$6.65K	<0.01%	0	Timeline
COCHWENVOY MEDICAL INC	174,000	$6.54K	<0.01%	0	Timeline
OPTXWSYNTEC OPTICS HLDGS INC	69,750	$6.08K	<0.01%	0	Timeline
TVGNWTEVOGEN INC	86,292	$4.79K	<0.01%	0	Timeline
KVACWKEEN VISION ACQUISITION CORP	75,000	$4.51K	<0.01%	0	Timeline
ANNAWALEANNA INC	23,250	$4.42K	<0.01%	0	Timeline
RMSGWREAL MESSENGER CORP.	74,400	$4.35K	<0.01%	0	Timeline
RMCOWROYALTY MGMT HLDG CORP	81,519	$4.12K	<0.01%	0	Timeline
VSEEWVSEE HEALTH INC	232,500	$3.93K	<0.01%	0	Timeline
KIDZWKIDZ AI INC	46,500	$3.73K	<0.01%	0	Timeline
MSAIWMULTISENSOR AI HOLDINGS INC	96,838	$3.68K	<0.01%	0	Timeline
EON RESOURCES INCEON RESOURCES INC	71,250	$3.56K	<0.01%	0
ASBPWASPIRE-LAKEWOOD HOLDINGS INC	118,750	$3.55K	<0.01%	0	Timeline
DAICWCID HOLDCO INC	23,250	$3.55K	<0.01%	0	Timeline
MRNOWMURANO GLOBAL INVT PLC	23,500	$3.43K	<0.01%	0	Timeline
BAERWBRIDGER AEROSPACE GRP HLDGS	41,500	$3.2K	<0.01%	0	Timeline
ONMDWONEMEDNET CORP	49,700	$2.6K	<0.01%	0	Timeline
ZEOWWZEO ENERGY CORP	46,500	$2.56K	<0.01%	0	Timeline
Oak Woods Acquisition CorpOak Woods Acquisition Corp	68,000	$2.38K	<0.01%	0
ESLAWESTRELLA IMMUNOPHARMA INC	42,293	$2.19K	<0.01%	0	Timeline
SCAGWSCAGE FUTURE	41,850	$1.99K	<0.01%	0	Timeline
BDMDWBAIRD MED INVT HLDGS LTD	23,250	$1.8K	<0.01%	0	Timeline
00	90,000	$1.57K	<0.01%	0
RDZNWROADZEN INC	18,600	$1.3K	<0.01%	0	Timeline
VEEAWVEEA INC	13,700	$959	<0.01%	0	Timeline
WTS PHOENIX BIOTECH ACQUISI…WTS PHOENIX BIOTECH ACQUISITIO	23,250	$309	<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	650,000	$433M	-200,000
IBITISHARES BITCOIN TRUST ETF SHS	put	2,000,000	$130M	0
IWMISHARES TR SHS	put	500,000	$121M	+150,000
AAPLAPPLE INC COM	put	400,000	$102M	+100,000
OIHVANECK ETF TRUST OIL SERVICES ETF	put	227,700	$59.2M	-222,300
SMCISUPER MICRO COMPUTER INC COM NEW	put	1,200,000	$57.5M	new
MARAMARA HOLDINGS INC Stock	put	2,869,200	$52.4M	+1,587,700
TSLATESLA INC COM	put	100,000	$44.5M	new
NVDANVIDIA CORPORATION COM	put	200,000	$37.3M	+100,000
XOPSPDR SERIES TRUST S&P OILGAS EXP	put	200,000	$26.4M	+50,000
LUMNLUMEN TECHNOLOGIES INC COM	put	4,300,000	$26.3M	0
KKRKKR & CO INC COM	put	200,000	$26M	new
RIVNRIVIAN AUTOMOTIVE INC Stock	put	1,456,300	$21.4M	0
KKELLANOVA COM	put	232,200	$19M	new
RUNSUNRUN INC COM	put	962,500	$16.6M	0
SRPTSAREPTA THERAPEUTICS INC COM	put	810,800	$15.6M	+96,200
RKTROCKET COS INC COM CL A	put	700,000	$13.6M	new
HTZHERTZ GLOBAL HLDGS INC COM NEW	put	1,669,700	$11.4M	+100,000
MPTMEDICAL PROPERTIES TRUST INC REIT	put	1,776,000	$9M	+276,000
HLFHERBALIFE LTD COM SHS	put	970,000	$8.19M	0
AMCAMC ENTMT HLDGS INC CL A NEW	put	2,778,400	$8.06M	+778,400
XRXXEROX HOLDINGS CORP COM NEW	put	2,000,000	$7.52M	+500,000
JBLUJETBLUE AIRWAYS CORP COM	call	1,250,000	$6.15M	0
WOLFWOLFSPEED INC COMMON STOCK	put	4,000,000	$4.84M	new
NIONIO INC ADR	put	485,000	$3.7M	-15,000
SVCSERVICE PPTYS TR COM SH BEN INT	call	1,250,000	$3.39M	0
RIGTRANSOCEAN LTD Stock	put	1,000,000	$3.12M	0
SABRSABRE CORP Stock	call	1,000,000	$1.83M	0
BYNDBEYOND MEAT INC COM	put	955,600	$1.81M	-1,800
NFENEW FORTRESS ENERGY INC COM CL A	put	400,000	$884K	0
TEADTEADS HLDG CO COM	put	500,000	$825K	0
WOLFWOLFSPEED INC COMMON STOCK	call	600,000	$726K	new
AISPWAIRSHIP AI HLDGS INC *W EXP 12/21/202	call	21,750	$36.3K	new
AIRJWAIRJOULE TECHNOLOGIES CORP *W EXP 03/15/202	call	46,500	$35K	new
APADRA PARADISE ACQUISITION CORP RIGHT 07/29/2025	call	200,000	$31K	new
AMODWALPHA MODUS HLDGS INC SPAC Combination	call	69,750	$5.47K	new
AERTWAERIES TECHNOLOGY INC SPAC Combination	call	56,416	$2.27K	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
WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1	principal	204,400,000	$656M	+42,500,000
BLOOM ENERGY CORPBLOOM ENERGY CORP NOTE 3.000% 6/0	principal	99,776,000	$414M	+10,000,000
BLOOM ENERGY CORPBLOOM ENERGY CORP Bond	principal	64,362,000	$292M	+5,500,000
SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0	principal	130,950,000	$199M	new
STRATEGY INCSTRATEGY INC NOTE 2.250% 6/1	principal	111,500,000	$199M	0
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1	principal	66,442,000	$160M	+17,000,000
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0	principal	111,770,000	$140M	+33,025,000
TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1	principal	106,000,000	$135M	+76,500,000
SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0	principal	84,207,000	$132M	new
ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0	principal	70,728,000	$130M	+46,000,000
SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT CO Convertible	principal	66,618,000	$126M	+2,118,000
ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3	principal	42,202,086	$104M	+2,597,000
JETBLUE AIRWAYS CORPJETBLUE AIRWAYS CORP NOTE 2.500% 9/0	principal	94,300,000	$97.4M	new
STRATEGY INCSTRATEGY INC NOTE 0.625% 9/1	principal	37,000,000	$69.8M	new
WAYFAIR INCWAYFAIR INC Convertible bond	principal	28,550,000	$59.2M	-8,500,000
SUNRUN INCSUNRUN INC NOTE 4.000% 3/0	principal	42,550,000	$57.2M	-2,000,000
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1	principal	56,737,000	$52.1M	-3,000,000
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 4.000% 3/1	principal	50,012,000	$49.4M	-500,000
SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0	principal	24,000,000	$47.2M	+10,000,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	25,800,000	$43.4M	+7,300,000
MARA HOLDINGS INCMARA HOLDINGS INC NOTE 2.125% 9/0	principal	35,950,000	$43.4M	new
COLLEGIUM PHARMACEUTICAL INCCOLLEGIUM PHARMACEUTICAL INC NOTE 2.875% 2/1	principal	36,200,000	$42.7M	0
SEA LTDSEA LTD NOTE 2.375%12/0	principal	20,095,000	$39.7M	-16,000,000
FRESHPET INCFRESHPET INC NOTE 3.000% 4/0	principal	31,436,000	$35.3M	-9,794,000
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0	principal	28,771,000	$31.9M	-3,150,000
WISDOMTREE INCWISDOMTREE INC NOTE 3.250% 8/1	principal	23,950,000	$31.3M	new
TYLER TEX INDPT SCH DISTTYLER TEX INDPT SCH DIST NOTE 0.250% 3/1	principal	25,859,000	$28.4M	+2,500,000
HERBALIFE LTDHERBALIFE LTD NOTE 4.250% 6/1	principal	29,571,000	$27.3M	0
PTC THERAPEUTICS INCPTC THERAPEUTICS INC NOTE 1.500% 9/1	principal	19,000,000	$24.4M	0
PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNV	principal	21,250,000	$22.8M	-17,500,000
NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1	principal	29,894,000	$22.7M	0
AMC GLOBAL MEDIA INCAMC GLOBAL MEDIA INC NOTE 4.250% 2/1	principal	23,730,000	$22.6M	-175,000
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0	principal	19,000,000	$21.6M	-7,000,000
XEROX HOLDINGS CORPXEROX HOLDINGS CORP NOTE 3.750% 3/1	principal	44,600,000	$21M	0
STRATEGY INCSTRATEGY INC NOTE 0.875% 3/1	principal	13,096,000	$20.5M	0
WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0	principal	16,800,000	$20.1M	-19,000,000
SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1	principal	18,000,000	$20M	-5,000,000
NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0	principal	15,242,000	$18M	+1,000,000
PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1	principal	13,606,000	$16.2M	0
EVOLENT HEALTH INCEVOLENT HEALTH INC DEBT 4.500% 8/1	principal	15,500,000	$15.5M	new
MACOM TECH SOLUTIONS HLDGS IMACOM TECH SOLUTIONS HLDGS I NOTE 0.250% 3/1	principal	10,200,000	$15.5M	+5,000,000
NIO INCNIO INC NOTE 4.625%10/1	principal	14,000,000	$14.6M	-14,950,000
ZYNEX INCZYNEX INC NOTE 5.000% 5/1	principal	25,000,000	$14.1M	0
OMEROS CORPOMEROS CORP NOTE 9.500% 6/1	principal	16,273,000	$13.7M	+2,000,000
TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1	principal	9,279,000	$9.26M	0
HERTZ CORPHERTZ CORP NOTE 8.000% 7/1	principal	6,399,997	$8.48M	+1,399,997
OATLY GROUP ABOATLY GROUP AB NOTE 9.250% 9/1	principal	9,024,806	$8.04M	-2,500,000
PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0	principal	8,000,000	$7.93M	0
GROUPON INCGROUPON INC NOTE 6.250% 3/1	principal	6,300,000	$7.31M	0
UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1	principal	7,604,000	$7.2M	0
CARDLYTICS INCCARDLYTICS INC NOTE 4.250% 4/0	principal	12,079,000	$6.36M	-5,671,000
LI AUTO INCLI AUTO INC NOTE 0.250% 5/0	principal	5,500,000	$6.27M	0
BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1	principal	30,609,000	$6.05M	0
VERITONE INCVERITONE INC NOTE 1.750%11/1	principal	8,000,000	$5.74M	+350,000
LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 11.500% 1/1	principal	15,503,000	$5.64M	-3,250,000
GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0	principal	6,504,000	$4.48M	0
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 3.750% 2/1	principal	43,663,000	$3.6M	0
XOMETRY INCXOMETRY INC NOTE 1.000% 2/0	principal	2,454,000	$2.95M	-2,500,000
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1	principal	21,809,000	$1.96M	0

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
SPYSTATE STR SPDR S&P 500 ETF T	200,000	$124M	call
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION	3,271,356	$81.3M	shares
AZEK CO INCAZEK CO INC	1,073,501	$58.3M	shares
AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC	57,486,000	$57.4M	principal
SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC	56,000,000	$40.9M	principal
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP	310,001	$39.7M	shares
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC	795,191	$37.4M	shares
FXIISHARES TR	1,000,000	$36.8M	put
JD.COM INCJD.COM INC	27,500,000	$28.6M	principal
NOVAVAX INCNOVAVAX INC	27,750,000	$27.5M	principal
EVERGY INCEVERGY INC	22,500,000	$26.3M	principal
WOLFSPEED INCWOLFSPEED INC	86,000,000	$21.3M	principal
ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC	21,637,000	$17.1M	principal
CANADIAN SOLAR INCCANADIAN SOLAR INC	14,382,000	$13.8M	principal
SITIO ROYALTIES CORPSITIO ROYALTIES CORP	721,581	$13.3M	shares
HESS CORPHESS CORP	83,669	$11.6M	shares
NENOBLE CORP PLC	365,083	$9.69M	shares
OIHVANECK ETF TRUST	40,000	$9.21M	shares
AAPLAPPLE INC	40,000	$8.21M	shares
ENCORE CAP GROUP INCENCORE CAP GROUP INC	7,550,000	$7.87M	principal
FIVE9 INCFIVE9 INC	7,302,000	$6.36M	principal
WENNUWEN ACQUISITION CORP	600,000	$6.34M	shares
CARTESIAN GROWTH CORP IIICARTESIAN GROWTH CORP III	550,000	$5.57M	shares
FLSFLOWSERVE CORP	95,052	$4.98M	shares
COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR	400,000	$4.39M	shares
XOPSPDR SERIES TRUST	32,903	$4.14M	shares
INNOVATE CORPINNOVATE CORP	6,887,000	$3.35M	principal
IPCXUINFLECTION PT ACQUISITION CO	300,000	$3.15M	shares
PACHUPIONEER ACQUISITION I CORP	300,000	$3M	shares
CARDLYTICS INCCARDLYTICS INC	3,000,000	$2.88M	principal
OYSTER ENTERPRISES II ACQUISOYSTER ENTERPRISES II ACQUIS	250,000	$2.53M	shares
BLUWUBLUE WTR ACQUISITION CORP. I	250,000	$2.5M	shares
KSSKOHLS CORP	290,013	$2.46M	shares
FARO Technologies IncFARO Technologies Inc	2,000,000	$2.41M	principal
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	200,000	$2.06M	shares
XRPNUARMADA ACQUISITION CORP II	200,000	$2.04M	shares
TVAIUTHAYER VENTURES ACQ CORP II	200,000	$2.03M	shares
WOLFSPEED INCWOLFSPEED INC	7,639,000	$1.89M	principal
PARAMOUNT GLOBALPARAMOUNT GLOBAL	143,186	$1.85M	shares
AXINUAXIOM INTELLIGENCE AC CORP 1	175,000	$1.77M	shares
BACCUBLUE ACQUISITION CORP.	175,000	$1.76M	shares
TPI COMPOSITES INCTPI COMPOSITES INC	29,912,000	$1.73M	principal
CRAQUCAL REDWOOD ACQUISITION CORP	150,000	$1.54M	shares
EGHAUEGH ACQUISITION CORP.	150,000	$1.53M	shares
Pelican Acquisition Corp Un…Pelican Acquisition Corp Unit 05/…	150,000	$1.52M	shares
WTGUUWINTERGREEN ACQUISITION CORP	150,000	$1.51M	shares
FIGX CAP ACQUISITION CORP.FIGX CAP ACQUISITION CORP.	150,000	$1.5M	shares
KKRKKR & CO INC	10,000	$1.33M	shares
LIGHTWAVE ACQUISITION CORPLIGHTWAVE ACQUISITION CORP	125,000	$1.26M	shares
MCGAUYORKVILLE ACQUISITION CORP.	100,000	$1.12M	shares
OBAWUOXLEY BRIDGE ACQ LTD	100,000	$1M	shares
WOLFSPEED INCWOLFSPEED INC	2,500,000	$997K	put
RTACRENATUS TACTICAL ACQUIS	80,000	$944K	shares
PIMCO CALIFORNIA MUNICIPAL …PIMCO CALIFORNIA MUNICIPAL INC	149,518	$801K	shares
PROCAP ACQUISITION CORPPROCAP ACQUISITION CORP	70,281	$753K	shares
MTBASIMPLIFY EXCHANGE TRADED FUN	11,306	$566K	shares
HYACHAYMAKER ACQUISITION CORP IV	50,000	$555K	shares
NNNEXTNAV INC	36,299	$552K	shares
DTSQDT CLOUD STAR ACQUISITION CO	50,000	$519K	shares
HPPHUDSON PAC PPTYS INC	146,560	$402K	shares
FARO TECHNOLOGIES INCFARO TECHNOLOGIES INC	8,132	$357K	shares
PIMCO NY MUNICIPAL INCOME FDPIMCO NY MUNICIPAL INCOME FD	45,163	$316K	shares
PNIPIMCO NEW YORK MUN FD II	46,192	$310K	shares
COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION …	150,000	$300K	shares
LUCID GROUP INCLUCID GROUP INC	142,100	$300K	shares
WOLFSPEED INCWOLFSPEED INC	600,000	$239K	call
AMCAMC ENTMT HLDGS INC	64,144	$199K	shares
PIMCO NEW YORK MUN INCMPIMCO NEW YORK MUN INCM	33,371	$175K	shares
OPITQOFFICE PPTYS INCOME TR COM SHS	291,197	$71.9K	shares
FLYYSPIRIT AVIATION HLDGS INC COM(	12,182	$61.7K	shares
AISPWAIRSHIP AI HLDGS INC	21,750	$43.3K	shares
AIRJWAIRJOULE TECHNOLOGIES CORP	46,500	$30.2K	shares
DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) …	100,000	$29K	shares
GOLD ROYALTY CORPGOLD ROYALTY CORP	36,032	$12.6K	shares
Distoken Acquisition CorpDistoken Acquisition Corp	100,000	$12K	shares
AMODWALPHA MODUS HLDGS INC	69,750	$7.74K	shares
DIGIASISIA WARRANTSDIGIASISIA WARRANTS	116,194	$5.8K	shares
SUMMIT HEALTHCARE ACQUISITI…SUMMIT HEALTHCARE ACQUISITION	125,000	$4.99K	shares
AERTWAERIES TECHNOLOGY INC	56,416	$1.62K	shares

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 0001257391-25-000009	base		2025-11-14	acceptance time not in the bulk data set	2026-10-07 03:02:25 UTC
13F-HR/A 0000905148-26-003954	added	new holdings	2026-08-26	acceptance time not in the bulk data set	2026-10-06 09:57:27 UTC