ARISTEIA CAPITAL, L.L.C.

GREENWICH, CT · CIK 1080171 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2005 · limited liability company

Assets managed$13.7bn
Staff65 · 24 in investment roles
Main clients (by assets)Private funds 77%, Sovereign wealth funds 19%, State and local governments 4%
Private funds3 (3 hedge) · $10.6bn gross assets
Websitearisteiacapital.com
Form ADV · 2026-03-31SEC adviser record

Legal entityARISTEIA CAPITAL, L.L.C. (US)

Kindhedge funds, futures
Others nearbyGreenwich, CT, New York, NY

As an employer

Offices in1 country
Private fundshedge 3

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Greenwich, CT (main office)United States	United States	about 23
New York, NYUnited States	United States	1

US visa salary filings

Filings FY2024–20255
Median salary offered$140,000
Middle half$140,000 – $195,000
Job titles4

Job title	Filings	Median
Information Management AnalystNew York, NY	2	$140,000
Senior Fundamental Investment AnalystGreenwich, CT	1	$215,000
Quantitative Risk AnalystGreenwich, CT	1	$195,000
Software DeveloperNew York, NY	1	$132,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Aristeia Capital, LLC.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.5bn reported value +9.3% vs Q1 2025

480positions

49.4%in top 10

206 new 92 added 91 reduced 156 sold out vs Q1 2025

Options: 0 call positions (— notional), 3 put positions ($146.1m notional) – listed below, not included above.

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	5,952,190	$585.6m16.57%	16.57%	Reduced -503.0k	-503,006 -7.8%
2	CARNIVAL PLC ADS CUK	CUK	8,473,196	$216.2m6.12%	6.12%	Reduced -3.9m	-3,919,879 -31.6%
3	LIBERTY BROADBAND CORP COM SER A LBRDA	LBRDA	1,599,197	$156.4m4.43%	4.43%	Reduced -66.8k	-66,832 -4.0%
4	HEICO CORP NEW CL A HEI.A	HEI.A	590,977	$152.9m4.33%	4.33%	Added +269.3k	+269,273 83.7%
5	CIVITAS RESOURCES INC COM NEW CIVI	CIVI	4,560,655	$125.5m3.55%	3.55%	Added +2.7m	+2,708,944 146.3%
6	SUPER MICRO COMPUTER INC NOTE 3.500% 3/0 · principal SMCI 3.5 03.01.29 · principal	SMCI 3.5 03.01.29	110,364,000	$115.6m3.27%	3.27%	Reduced -5.0m	-5,000,000 -4.3%
7	ATLANTA BRAVES HLDGS INC COM SER C BATRK	BATRK	2,239,461	$104.7m2.96%	2.96%	Reduced -230.6k	-230,591 -9.3%
8	GUARDANT HEALTH INC NOTE 11/1 · principal GH 0 11.15.27 · principal	GH 0 11.15.27	107,184,000	$97.5m2.76%	2.76%	Added +63.8m	+63,800,000 147.1%
9	SPOTIFY USA INC NOTE 3/1 · principal SPOT 0 03.15.26 · principal	SPOT 0 03.15.26	63,114,000	$95.8m2.71%	2.71%	Reduced -12.1m	-12,074,000 -16.1%
10	CLOUDFLARE INC NOTE 8/1 · principal NET 0 08.15.26 · principal	NET 0 08.15.26	79,613,000	$94.3m2.67%	2.67%	Added +15.1m	+15,065,000 23.3%
11	DUKE ENERGY CORP NEW NOTE 4.125% 4/1 · principal DUK 4.125 04.15.26 · principal	DUK 4.125 04.15.26	83,740,000	$88.7m2.51%	2.51%	Reduced -500.0k	-500,000 -0.6%
12	EVERGY INC NOTE 4.500%12/1 · principal EVRG 4.5 12.15.27 · principal	EVRG 4.5 12.15.27	70,000,000	$82.0m2.32%	2.32%	Added +14.5m	+14,500,000 26.1%
13	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	2,129,296	$77.5m2.19%	2.19%	Reduced -69.5k	-69,526 -3.2%
14	SHOPIFY INC NOTE 0.125%11/0 · principal SHOPCN 0.125 11.01.25 · principal	SHOPCN 0.125 11.01.25	73,436,000	$74.5m2.11%	2.11%	Added +28.7m	+28,686,000 64.1%
15	WIX COM LTD NOTE 8/1 · principal WIX 0 08.15.25 · principal	WIX 0 08.15.25	59,902,000	$59.8m1.69%	1.69%	Reduced -22.5m	-22,500,000 -27.3%
16	BLOCK INC NOTE 5/0 · principal XYZ 0 05.01.26 · principal	XYZ 0 05.01.26	61,576,000	$59.0m1.67%	1.67%	Reduced -16.0m	-16,000,000 -20.6%
17	CORE SCIENTIFIC INC NEW *W EXP 01/23/202 CORZW	CORZW	4,932,985	$53.4m1.51%	1.51%	Added +317.8k	+317,791 6.9%
18	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.27 · principal	WEC 4.375 06.01.27	43,000,000	$48.7m1.38%	1.38%	New
19	PPL CAP FDG INC NOTE 2.875% 3/1 · principal PPL 2.875 03.15.28 · principal	PPL 2.875 03.15.28	39,750,000	$43.0m1.22%	1.22%	New
20	DIGITALOCEAN HLDGS INC NOTE 12/0 · principal DOCN 0 12.01.26 · principal	DOCN 0 12.01.26	42,620,000	$39.9m1.13%	1.13%	Reduced -39.0k	-39,000 -0.1%
21	CONFLUENT INC NOTE 1/1 · principal CFLT 0 01.15.27 · principal	CFLT 0 01.15.27	32,336,000	$29.9m0.85%	0.85%	Added +24.8m	+24,836,000 331.1%
22	DEXCOM INC NOTE 0.375% 5/1 · principal DXCM 0.375 05.15.28 · principal	DXCM 0.375 05.15.28	31,500,000	$29.7m0.84%	0.84%	Added +27.5m	+27,500,000 687.5%
23	BRIDGEBIO PHARMA INC NOTE 2.250% 2/0 · principal BBIO 2.25 02.01.29 · principal	BBIO 2.25 02.01.29	28,000,000	$26.2m0.74%	0.74%	Reduced -2.0m	-2,000,000 -6.7%
24	RINGCENTRAL INC NOTE 3/1 · principal RNG 0 03.15.26 · principal	RNG 0 03.15.26	25,000,000	$24.0m0.68%	0.68%	Added +5.5m	+5,500,000 28.2%
25	AIRBNB INC NOTE 3/1 · principal ABNB 0 03.15.26 · principal	ABNB 0 03.15.26	21,670,000	$20.9m0.59%	0.59%	Reduced -25.6m	-25,625,000 -54.2%
26	ARES ACQUISITION CORP II SHS CLASS A KDK	KDK	1,798,169	$20.4m0.58%	0.58%	Reduced -112.2k	-112,173 -5.9%
27	INSULET CORP NOTE 0.375% 9/0 · principal PODD 0.375 09.01.26 · principal	PODD 0.375 09.01.26	14,345,000	$20.2m0.57%	0.57%	New
28	CENTERPOINT ENERGY INC NOTE 4.250% 8/1 · principal CNP 4.25 08.15.26 · principal	CNP 4.25 08.15.26	18,500,000	$20.1m0.57%	0.57%	Added +8.5m	+8,500,000 85.0%
29	AA MISSION ACQUISITION CORP ORD SHS CL A AAM	AAM	1,818,429	$18.9m0.54%	0.54%	Added +218.4k	+218,429 13.7%
30	VINE HILL CAP INVT CORP. ORD SHS CL A ORD SHS CL A		1,764,440	$18.4m0.52%	0.52%	Reduced -35.6k	-35,560 -2.0%
31	TRANSOCEAN INC DEB 4.000%12/1 · principal RIG 4 12.15.25 * · principal	RIG 4 12.15.25 *	18,292,000	$18.3m0.52%	0.52%	Reduced -1.5m	-1,500,000 -7.6%
32	GIGCAPITAL7 CORP ORD SHS CL A HDRN	HDRN	1,715,431	$17.8m0.50%	0.50%	Reduced -34.6k	-34,569 -2.0%
33	TETRA TECH INC NEW DBCV 2.250% 8/1 · principal TTEK 2.25 08.15.28 · principal	TTEK 2.25 08.15.28	15,500,000	$17.5m0.50%	0.50%	New
34	SIDDHI ACQUISITION CORP CL A SHS SDHI	SDHI	1,650,000	$16.7m0.47%	0.47%	New
35	AFFIRM HLDGS INC NOTE 11/1 · principal AFRM 0 11.15.26 · principal	AFRM 0 11.15.26	17,650,000	$16.6m0.47%	0.47%	Reduced -3.0m	-3,000,000 -14.5%
36	COMPOSECURE INC *W EXP 12/27/202 CMPOW	CMPOW	2,627,211	$16.5m0.47%	0.47%	Added +221.3k	+221,257 9.2%
37	BLOOM ENERGY CORP NOTE 3.000% 6/0 · principal BE 3 06.01.28 · principal	BE 3 06.01.28	11,067,000	$16.4m0.46%	0.46%	Reduced -10.0m	-9,992,000 -47.5%
38	AGRICULTURE & NAT SOL ACQ CO SHS CL A SHS CL A		1,500,623	$16.3m0.46%	0.46%	Added +633.6k	+633,623 73.1%
39	NABORS ENERGY TRANSITION COR CL A CL A		1,462,530	$16.2m0.46%	0.46%	Reduced -37.5k	-37,470 -2.5%
40	LIVE OAK ACQUISITION CORP V CL A SHS TMS	TMS	1,425,000	$15.2m0.43%	0.43%	New
41	KOCHAV DEFENSE ACQUI CO UNIT 05/21/2030 KCHVU	KCHVU	1,325,000	$13.5m0.38%	0.38%	New
42	CHURCHILL CAPITAL CORP IX CL A SHS CL A SHS		1,261,602	$13.3m0.38%	0.38%	Reduced -37.6k	-37,593 -2.9%
43	ROMAN DBDR ACQUISITION CORP ORD SHS CL A DRDB	DRDB	1,234,023	$12.7m0.36%	0.36%	New
44	GRANITE CONSTR INC NOTE 3.750% 5/1 · principal GVA 3.75 05.15.28 · principal	GVA 3.75 05.15.28	6,000,000	$12.5m0.35%	0.35%	Unchanged
45	UPWORK INC NOTE 0.250% 8/1 · principal UPWK 0.25 08.15.26 · principal	UPWK 0.25 08.15.26	13,058,000	$12.4m0.35%	0.35%	Added +2.5m	+2,500,000 23.7%
46	NEW PROVIDENCE ACQUISITION C USD CL A ORD SHS NPAC	NPAC	1,200,000	$12.2m0.35%	0.35%	New
47	AMERICAN WTR CAP CORP NOTE 3.625% 6/1 · principal AWK 3.625 06.15.26 · principal	AWK 3.625 06.15.26	11,500,000	$11.6m0.33%	0.33%	Reduced -2.0m	-2,000,000 -14.8%
48	SAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 · principal SRPT 1.25 09.15.27 · principal	SRPT 1.25 09.15.27	16,000,000	$11.6m0.33%	0.33%	Added +3.5m	+3,500,000 28.0%
49	THAYER VENTURES ACQ CORP II UNIT 05/15/2030 TVAIU	TVAIU	1,125,000	$11.4m0.32%	0.32%	New
50	STRATEGY INC NOTE 0.875% 3/1 · principal MSTR 0.875 03.15.31 · principal	MSTR 0.875 03.15.31	6,000,000	$11.3m0.32%	0.32%	Reduced -22.3m	-22,309,000 -78.8%
51	VOYAGER ACQUISITION CORP CL A CL A		1,078,263	$11.2m0.32%	0.32%	Reduced -21.7k	-21,737 -2.0%
52	DUNE ACQUISITION CORP II SHS CL A CCAQ	CCAQ	1,100,000	$11.1m0.31%	0.31%	New
53	COPLEY ACQUISITION CORP ORD SHS CL A COPL	COPL	1,085,430	$10.9m0.31%	0.31%	New
54	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	6,000,000	$10.8m0.31%	0.31%	Reduced -47.1m	-47,108,000 -88.7%
55	MIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 · principal MIRM 4 05.01.29 · principal	MIRM 4 05.01.29	6,000,000	$10.7m0.30%	0.30%	Unchanged
56	SIZZLE ACQUISITION CORP. II USD CL A ORD SHS SZZL	SZZL	1,050,000	$10.6m0.30%	0.30%	New
57	REAL ASSET ACQUISITION CORP SHS CL A SHS CL A		1,000,000	$10.2m0.29%	0.29%	New
58	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	42,935	$10.1m0.29%	0.29%	Added +5.0k	+5,041 13.3%
59	TRANSMEDICS GROUP INC NOTE 1.500% 6/0 · principal TMDX 1.5 06.01.28 · principal	TMDX 1.5 06.01.28	6,000,000	$9.6m0.27%	0.27%	Unchanged
60	GUARDANT HEALTH INC DEBT 1.250% 2/1 · principal GH 1.25 02.15.31 · principal	GH 1.25 02.15.31	8,167,000	$9.5m0.27%	0.27%	Reduced -80.2m	-80,196,000 -90.8%
61	CHEFS WHSE INC NOTE 2.375%12/1 · principal CHEF 2.375 12.15.28 · principal	CHEF 2.375 12.15.28	6,000,000	$9.4m0.27%	0.27%	Unchanged
62	TELADOC HEALTH INC NOTE 1.250% 6/0 · principal TDOC 1.25 06.01.27 · principal	TDOC 1.25 06.01.27	10,000,000	$9.2m0.26%	0.26%	Unchanged
63	DRUGS MADE IN AMER ACQUTN CO ORD SHS DMAA	DMAA	881,716	$9.0m0.25%	0.25%	Reduced -18.3k	-18,284 -2.0%
64	NUTANIX INC CL A NTNX	NTNX	111,600	$8.5m0.24%	0.24%	Reduced -3.0k	-3,000 -2.6%
65	BLOOM ENERGY CORP NOTE 3.000% 6/0 · principal BE 3 06.01.29 · principal	BE 3 06.01.29	6,000,000	$8.5m0.24%	0.24%	New
66	SOULPOWER ACQUISITION CORP USD CL A ORD SHS SOUL	SOUL	829,341	$8.3m0.24%	0.24%	New
67	SOUTHERN CO NOTE 4.500% 6/1 · principal SO 4.5 06.15.27 · principal	SO 4.5 06.15.27	7,500,000	$8.3m0.23%	0.23%	New
68	GORES HLDGS X INC SHS CL A GTEN	GTEN	800,000	$8.2m0.23%	0.23%	New
69	WAYFAIR INC NOTE 3.500%11/1 · principal W 3.5 11.15.28 · principal	W 3.5 11.15.28	6,000,000	$8.1m0.23%	0.23%	Unchanged
70	DAYFORCE INC NOTE 0.250% 3/1 · principal DAY 0.25 03.15.26 · principal	DAY 0.25 03.15.26	8,288,000	$8.0m0.23%	0.23%	Reduced -3.0m	-3,000,000 -26.6%
71	LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 · principal FWONK 2.25 08.15.27 · principal	FWONK 2.25 08.15.27	6,000,000	$8.0m0.23%	0.23%	Unchanged
72	DIGITAL ASSET ACQUISITION CO SHS CL A DAAQ	DAAQ	735,540	$7.7m0.22%	0.22%	New
73	INFLECTION PT ACQUISITION CO CL A ORD SHS CL A ORD SHS		750,000	$7.6m0.22%	0.22%	New
74	DATADOG INC CL A COM DDOG	DDOG	56,853	$7.6m0.22%	0.22%	Reduced -3.1k	-3,100 -5.2%
75	CARTESIAN GROWTH CORP III COM CL A FAC	FAC	750,000	$7.5m0.21%	0.21%	New
76	FRESHPET INC NOTE 3.000% 4/0 · principal FRPT 3 04.01.28 · principal	FRPT 3 04.01.28	6,000,000	$7.5m0.21%	0.21%	New
77	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	17,700	$7.2m0.20%	0.20%	New
78	WORLD KINECT CORPORATION NOTE 3.250% 7/0 · principal WKC 3.25 07.01.28 · principal	WKC 3.25 07.01.28	6,000,000	$7.0m0.20%	0.20%	Unchanged
79	WAYFAIR INC NOTE 3.250% 9/1 · principal W 3.25 09.15.27 · principal	W 3.25 09.15.27	6,000,000	$6.9m0.19%	0.19%	Unchanged
80	PLUM ACQUISITION CORP IV SHS CL A PLMK	PLMK	651,175	$6.7m0.19%	0.19%	Added +551.2k	+551,175 551.2%
81	CYTOKINETICS INC NOTE 3.500% 7/0 · principal CYTK 3.5 07.01.27 · principal	CYTK 3.5 07.01.27	6,000,000	$6.4m0.18%	0.18%	Unchanged
82	CMS ENERGY CORP NOTE 3.375% 5/0 · principal CMS 3.375 05.01.28 · principal	CMS 3.375 05.01.28	6,000,000	$6.4m0.18%	0.18%	Added +3.0m	+3,000,000 100.0%
83	GREENBRIER COS INC NOTE 2.875% 4/1 · principal GBX 2.875 04.15.28 · principal	GBX 2.875 04.15.28	6,000,000	$6.4m0.18%	0.18%	Unchanged
84	NEXTNAV INC W EXP 99/99/999 W EXP 99/99/999		998,847	$6.3m0.18%	0.18%	Added +62.8k	+62,803 6.7%
85	SSR MINING IN NOTE 2.500% 4/0 · principal SSRMCN 2.5 04.01.39 · principal	SSRMCN 2.5 04.01.39	6,000,000	$6.2m0.18%	0.18%	Unchanged
86	PEABODY ENGR CORP NOTE 3.250% 3/0 · principal BTU 3.25 03.01.28 · principal	BTU 3.25 03.01.28	6,000,000	$6.2m0.18%	0.18%	New
87	GRAF GLOBAL CORP ORD SHS CL A TONT	TONT	588,958	$6.2m0.17%	0.17%	Reduced -11.0k	-11,042 -1.8%
88	OPPFI INC W EXP 07/20/202 W EXP 07/20/202		1,509,569	$6.1m0.17%	0.17%	Added +744.4k	+744,351 97.3%
89	INNOVIVA INC NOTE 2.125% 3/1 · principal INVA 2.125 03.15.28 · principal	INVA 2.125 03.15.28	6,000,000	$6.0m0.17%	0.17%	Unchanged
90	NCL CORP LTD NOTE 2.500% 2/1 · principal NCLH 2.5 02.15.27 · principal	NCLH 2.5 02.15.27	6,000,000	$6.0m0.17%	0.17%	New
91	TOPGOLF CALLAWAY BRANDS CORP NOTE 2.750% 5/0 · principal CALY 2.75 05.01.26 · principal	CALY 2.75 05.01.26	6,000,000	$5.9m0.17%	0.17%	Unchanged
92	CO2 ENERGY TRANSITION CORP COM NOEM	NOEM	578,096	$5.8m0.16%	0.16%	Reduced -11.9k	-11,904 -2.0%
93	SUMMIT HOTEL PPTYS NOTE 1.500% 2/1 · principal INN 1.5 02.15.26 · principal	INN 1.5 02.15.26	6,000,000	$5.8m0.16%	0.16%	Unchanged
94	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.29 · principal	WEC 4.375 06.01.29	5,000,000	$5.8m0.16%	0.16%	New
95	ENCORE CAP GROUP INC NOTE 4.000% 3/1 · principal ECPG 4 03.15.29 · principal	ECPG 4 03.15.29	6,000,000	$5.7m0.16%	0.16%	Unchanged
96	BEYOND MEAT INC NOTE 3/1 · principal BYND 0 03.15.27 · principal	BYND 0 03.15.27	66,325,000	$5.6m0.16%	0.16%	Unchanged
97	MARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 · principal VAC 3.25 12.15.27 · principal	VAC 3.25 12.15.27	6,000,000	$5.6m0.16%	0.16%	New
98	SNAP INC NOTE 0.500% 5/0 · principal SNAP 0.5 05.01.30 · principal	SNAP 0.5 05.01.30	6,500,000	$5.5m0.16%	0.16%	New
99	HERBALIFE LTD NOTE 4.250% 6/1 · principal HLF 4.25 06.15.28 · principal	HLF 4.25 06.15.28	6,000,000	$5.5m0.15%	0.15%	New
100	HERTZ GLOBAL HLDGS INC *W EXP 06/30/205 HTZWW	HTZWW	1,479,914	$5.4m0.15%	0.15%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
LANTHEUS HLDGS INC LNTH 2.625 12.15.27	LNTH 2.625 12.15.27	26,000,000	$36.8m26.0m shares
FIRSTENERGY CORP FE 4 05.01.26	FE 4 05.01.26	35,900,000	$36.4m35.9m shares
LIVONGO HEALTH INC TDOC 0.875 06.01.25	TDOC 0.875 06.01.25	36,550,000	$36.3m36.5m shares
SEA LTD SEALTD 2.375 12.01.25	SEALTD 2.375 12.01.25	21,000,000	$31.0m21.0m shares
SEAGATE HDD CAYMAN STX 3.5 06.01.28	STX 3.5 06.01.28	19,000,000	$22.9m19.0m shares
ALNYLAM PHARMACEUTICALS INC ALNY 1 09.15.27	ALNY 1 09.15.27	18,000,000	$20.8m18.0m shares
ZSCALER INC ZS 0.125 07.01.25	ZS 0.125 07.01.25	13,152,000	$17.5m13.2m shares
PURECYCLE TECHNOLOGIES INC PCT 7.25 08.15.30	PCT 7.25 08.15.30	18,760,000	$15.6m18.8m shares
ROMAN DBDR ACQUISITION CORP DRDBU	DRDBU	1,259,400	$12.9m1.3m shares
LIVE OAK ACQUISITION CORP V		1,250,000	$12.6m1.2m shares
WOLFSPEED INC WOLF 1.75 05.01.26	WOLF 1.75 05.01.26	14,300,000	$9.1m14.3m shares
CABLE ONE INC CABO 0 03.15.26	CABO 0 03.15.26	9,382,000	$8.9m9.4m shares
PATRICK INDS INC PATK 1.75 12.01.28	PATK 1.75 12.01.28	6,000,000	$8.4m6.0m shares
SEMTECH CORP SMTC 1.625 11.01.27	SMTC 1.625 11.01.27	6,000,000	$7.4m6.0m shares
SEMTECH CORP SMTC 4 11.01.28	SMTC 4 11.01.28	4,000,000	$7.3m4.0m shares
BLACK SPADE ACQUISITION II C		700,000	$7.1m700.0k shares
PTC THERAPEUTICS INC PTCT 1.5 09.15.26	PTCT 1.5 09.15.26	6,000,000	$7.0m6.0m shares
COLLEGIUM PHARMACEUTICAL INC COLL 2.875 02.15.29	COLL 2.875 02.15.29	6,000,000	$6.5m6.0m shares
CANTOR EQUITY PARTNERS INC CEPN	CEPN	600,000	$6.4m600.0k shares
PAR TECHNOLOGY CORP PAR 1.5 10.15.27	PAR 1.5 10.15.27	6,000,000	$6.4m6.0m shares
LIBERTY MEDIA CORP DEL SIRI 3.75 03.15.28	SIRI 3.75 03.15.28	6,000,000	$6.2m6.0m shares
ORMAT TECHNOLOGIES INC ORA 2.5 07.15.27	ORA 2.5 07.15.27	6,000,000	$6.2m6.0m shares
DEXCOM INC DXCM 0.25 11.15.25	DXCM 0.25 11.15.25	6,000,000	$5.9m6.0m shares
INTEGER HLDGS CORP ITGR 2.125 02.15.28	ITGR 2.125 02.15.28	4,000,000	$5.8m4.0m shares
XOMETRY INC XMTR 1 02.01.27	XMTR 1 02.01.27	6,000,000	$5.8m6.0m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR SER TR XOP · Put	XOP	Put	618,600	$77.8m618.6k shares	Reduced
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	100,000	$61.8m100.0k shares	Reduced
COREWEAVE INC CRWV · Put	CRWV	Put	40,000	$6.5m40.0k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on. The largest 25 of 50.

Company	Ticker	Stake	Change	Schedule	Last filed
XSOLLA SPAC 1 XSLLU · 13G · filed 2026-05-14	XSLLU	9.3%≈ $19.6m	new	13G	2026-05-14
TON STRATEGY CO TONX · 13G · filed 2026-04-02	TONX	8.7%≈ $12.5m	+0.4 pts	13G	2026-04-02
COLLECTIVE ACQUISITION CORP CAIIU · 13G · filed 2026-08-14	CAIIU	8.6%≈ $21.9m	new	13G	2026-08-14
CLEARTHINK 1 ACQUISITION COR CTAA · 13G · filed 2026-08-14	CTAA	8.0%≈ $9.9m		13G	2026-08-14
IAC INC PPLI · 13G · filed 2026-02-17	PPLI	8.0%≈ $263.2m	new	13G	2026-02-17
ARC GROUP ACQUISITION I CORP ARCL · 13G · filed 2026-08-14	ARCL	7.8%≈ $9.9m	new	13G	2026-08-14
DUNE ACQUISITION CORP II CCAQ · 13G · filed 2025-08-14	CCAQ	7.6%≈ $11.5m	new	13G	2025-08-14
MUZERO ACQUISITION CORP MUZEU · 13G · filed 2026-05-14	MUZEU	7.6%≈ $15.7m	new	13G	2026-05-14
FORTUNEX ACQUISITION CORP FXACU · 13G · filed 2026-08-14	FXACU	7.5%≈ $6.6m	new	13G	2026-08-14
WW INTL INC WW · 13G · filed 2026-05-14	WW	7.5%≈ $12.0m	-1.5 pts	13G	2026-05-14
OPPFI INC 13G · filed 2025-11-14		7.3%≈ $65.6k	+2.1 pts	13G	2025-11-14
K2 CAP ACQUISITION CORP KTWO · 13G · filed 2026-05-14	KTWO	7.1%≈ $9.9m	new	13G	2026-05-14
APOGEE ACQUISITION CORP 2659054D · 13G · filed 2026-08-14	2659054D	7.0%≈ $12.4m	new	13G	2026-08-14
LIBERTY BROADBAND CORP LBRDA · 13G · filed 2025-11-14	LBRDA	6.9%≈ $41.9m	-2.3 pts	13G	2025-11-14
BITCOIN INFRASTRUCTURE ACQUI BIXI · 13G · filed 2026-02-17	BIXI	6.8%≈ $15.5m	new	13G	2026-02-17
TGE VALUE CREATIVE SOLUTIONS BEBE.U · 13G · filed 2026-02-17	BEBE.U	6.8%	new	13G	2026-02-17
IRIS ACQUISITION CORP II IRAB.U · 13G · filed 2026-05-14	IRAB.U	6.7%	new	13G	2026-05-14
WHITE PEARL ACQUISITION CORP WPAC · 13G · filed 2026-05-14	WPAC	6.6%≈ $7.6m	new	13G	2026-05-14
HADRON ENERGY INC HDRN · 13G · filed 2026-08-14	HDRN	6.6%≈ $9.8m		13G	2026-08-14
NEWBRIDGE ACQUISITION LTD NBRGU · 13G · filed 2026-05-14	NBRGU	6.5%	new	13G	2026-05-14
ARMADA ACQUISITION CORP III AACIU · 13G · filed 2026-05-14	AACIU	6.5%	new	13G	2026-05-14
CLEARTHINK 1 ACQUISITION COR CTAAU · 13G · filed 2026-05-14	CTAAU	6.4%	new	13G	2026-05-14
BLACK SPADE ACQUISITION III BIII · 13G · filed 2026-05-14	BIII	6.4%≈ $10.9m	new	13G	2026-05-14
ROMAN DBDR ACQUISITION CORP DRDBU · 13G · filed 2025-02-14	DRDBU	6.3%	new	13G	2025-02-14
QDRO ACQUISITION CORP QADRU · 13G · filed 2026-05-14	QADRU	6.2%≈ $12.5m	new	13G	2026-05-14