CSS LLC/IL

CHICAGO, IL · CIK 1103646 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityCSS, LLC (US)

$2.3bn reported value +25.4% vs Q1 2026

766positions

39.9%in top 10

211 new 186 added 195 reduced 184 sold out vs Q1 2026

Options: 101 call positions ($70.5m notional), 134 put positions ($243.8m notional) – listed below, not included above.

Holdings, Q2 2026

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	LUMENTUM HLDGS INC NOTE 0.500% 6/1 · principal LITE 0.5 06.15.28 · principal	LITE 0.5 06.15.28	37,554,000	$245.6m10.89%	10.89%	Reduced -2.9m	-2,910,000 -7.2%
2	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV HPE 7.625 09.01.27	HPE 7.625 09.01.27	1,276,322	$149.3m6.62%	6.62%	Added +1.2m	+1,161,821 1014.7%
3	ECHOSTAR CORP NOTE 3.875%11/3 · principal ECHO 3.875 11.30.30 · principal	ECHO 3.875 11.30.30	43,925,753	$137.4m6.10%	6.10%	Added +3.0m	+3,000,000 7.3%
4	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	1,361,499	$82.8m3.67%	3.67%	Added +1.1m	+1,084,181 390.9%
5	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	50,372	$63.3m2.81%	2.81%	Added +40.1k	+40,058 388.4%
6	WOLFSPEED INC NOTE 2.500% 6/1 · principal WOLF 2.5 06.15.31 · principal	WOLF 2.5 06.15.31	13,773,940	$54.2m2.40%	2.40%	Added +4.5m	+4,517,000 48.8%
7	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	878,227	$45.3m2.01%	2.01%	New
8	CORE SCIENTIFIC INC NEW *W EXP 01/23/202 CORZW	CORZW	2,351,492	$44.2m1.96%	1.96%	Added +268.4k	+268,373 12.9%
9	MICROCHIP TECHNOLOGY INC. DEP SHS REPSTG MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	558,552	$43.0m1.91%	1.91%	New
10	CLOUDFLARE INC NOTE 8/1 · principal NET 0 08.15.26 · principal	NET 0 08.15.26	26,112,000	$33.5m1.49%	1.49%	Added +12.7m	+12,700,000 94.7%
11	AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 · principal AKAM 1.125 02.15.29 · principal	AKAM 1.125 02.15.29	24,797,000	$29.6m1.31%	1.31%	Added +9.1m	+9,119,000 58.2%
12	ALBEMARLE CORP 7.25% DEP SHS A ALB 7.25 03.01.27	ALB 7.25 03.01.27	470,583	$26.1m1.16%	1.16%	Added +220.2k	+220,162 87.9%
13	CENTERPOINT ENERGY INC NOTE 4.250% 8/1 · principal CNP 4.25 08.15.26 · principal	CNP 4.25 08.15.26	21,000,000	$25.3m1.12%	1.12%	Unchanged
14	EQUINOX GOLD CORP NOTE 4.750%10/1 · principal EQXCN 4.75 10.15.28 · principal	EQXCN 4.75 10.15.28	14,895,000	$25.1m1.11%	1.11%	Added +7.0m	+6,959,000 87.7%
15	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	349,354	$23.6m1.05%	1.05%	New
16	TRANSOCEAN INC DEB 4.625% 9/3 · principal RIG 4.625 09.30.29 * · principal	RIG 4.625 09.30.29 *	15,168,000	$23.5m1.04%	1.04%	Reduced -9.2m	-9,250,000 -37.9%
17	EL PASO ENERGY CAP TR I PFD CV TR SEC 28 KMI 4.75 03.31.28	KMI 4.75 03.31.28	446,461	$22.6m1.00%	1.00%	Added +219.8k	+219,757 96.9%
18	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	104,072	$22.1m0.98%	0.98%	Added +590	+590 0.6%
19	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	32,210	$22.1m0.98%	0.98%	Unchanged
20	IREN LIMITED NOTE 3.500%12/1 · principal IREN 3.5 12.15.29 IREN · principal	IREN 3.5 12.15.29 IREN	6,000,000	$21.2m0.94%	0.94%	New
21	DIGITALOCEAN HLDGS INC NOTE 12/0 · principal DOCN 0 12.01.26 · principal	DOCN 0 12.01.26	17,243,000	$19.5m0.87%	0.87%	New
22	PTC THERAPEUTICS INC NOTE 1.500% 9/1 · principal PTCT 1.5 09.15.26 · principal	PTCT 1.5 09.15.26	12,002,000	$18.6m0.83%	0.83%	Added +9.1m	+9,119,000 316.3%
23	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.29 · principal	SNOW 0 10.01.29	9,300,000	$16.5m0.73%	0.73%	Reduced -3.7m	-3,700,000 -28.5%
24	WESTERN DIGITAL CORP COM WDC	WDC	24,933	$15.9m0.71%	0.71%	Reduced -500	-500 -2.0%
25	GAMESTOP CORP NOTE 6/1 · principal GME 0 06.15.32 · principal	GME 0 06.15.32	14,944,000	$15.2m0.67%	0.67%	New
26	ISHARES GOLD TR ISHARES NEW IAU	IAU	200,040	$15.1m0.67%	0.67%	Unchanged
27	KIMCO RLTY CORP DP CV CL N 7.25% KIM 7.25 PERP N	KIM 7.25 PERP N	237,147	$15.0m0.66%	0.66%	Added +33	+33 0.0%
28	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	266,589	$13.4m0.59%	0.59%	New
29	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	17,269	$12.9m0.57%	0.57%	New
30	PENUMBRA INC COM PEN	PEN	38,740	$12.2m0.54%	0.54%	Added +2.6k	+2,600 7.2%
31	IONIS PHARMACEUTICALS INC COM IONS	IONS	152,289	$12.1m0.54%	0.54%	Added +73.2k	+73,196 92.5%
32	BRIDGEBIO PHARMA INC NOTE 1.750% 3/0 · principal BBIO 1.75 03.01.31 · principal	BBIO 1.75 03.01.31	7,175,000	$12.1m0.54%	0.54%	Reduced -2.9m	-2,925,000 -29.0%
33	CELCUITY INC NOTE 2.750% 8/0 · principal CELC 2.75 08.01.31 · principal	CELC 2.75 08.01.31	5,310,000	$11.9m0.53%	0.53%	Reduced -1.0m	-1,000,000 -15.8%
34	HAEMONETICS CORP MASS NOTE 2.500% 6/0 · principal HAE 2.5 06.01.29 · principal	HAE 2.5 06.01.29	11,500,000	$11.6m0.52%	0.52%	Added +11.4m	+11,378,000 9326.2%
35	GUARDANT HEALTH INC DEBT 1.250% 2/1 · principal GH 1.25 02.15.31 · principal	GH 1.25 02.15.31	4,514,000	$11.3m0.50%	0.50%	Reduced -2.5m	-2,500,000 -35.6%
36	MARA HOLDINGS INC NOTE 2.125% 9/0 · principal MARA 2.125 09.01.31 · principal	MARA 2.125 09.01.31	10,000,000	$11.1m0.49%	0.49%	Reduced -6.5m	-6,500,000 -39.4%
37	BROOKDALE SR LIVING INC NOTE 2.000%10/1 · principal BKD 2 10.15.26 · principal	BKD 2 10.15.26	5,632,000	$11.0m0.49%	0.49%	Unchanged
38	ALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 · principal ALNY 1 09.15.27 · principal	ALNY 1 09.15.27	9,063,000	$10.9m0.48%	0.48%	Reduced -9.5m	-9,500,000 -51.2%
39	TRANSMEDICS GROUP INC NOTE 1.500% 6/0 · principal TMDX 1.5 06.01.28 · principal	TMDX 1.5 06.01.28	10,000,000	$10.9m0.48%	0.48%	New
40	ON SEMICONDUCTOR CORP NOTE 0.500% 3/0 · principal ON 0.5 03.01.29 · principal	ON 0.5 03.01.29	8,619,000	$10.4m0.46%	0.46%	Added +8.6m	+8,575,000 19488.6%
41	OCEANHAWK ACQUISITION CORP CL A ORD SHS OHAC	OHAC	1,038,610	$10.3m0.46%	0.46%	New
42	PPL CAP FDG INC NOTE 2.875% 3/1 · principal PPL 2.875 03.15.28 · principal	PPL 2.875 03.15.28	8,988,000	$10.2m0.45%	0.45%	Added +6.0m	+6,006,000 201.4%
43	FUTURECORP SPACE ACQUISITION UNIT 99/99/9999 FTRA.U	FTRA.U	1,000,000	$10.1m0.45%	0.45%	New
44	MARA HOLDINGS INC NOTE 3/0 · principal MARA 0 03.01.30 · principal	MARA 0 03.01.30	9,467,000	$9.5m0.42%	0.42%	Reduced -3.5m	-3,466,000 -26.8%
45	GUARDANT HEALTH INC NOTE 11/1 · principal GH 0 11.15.27 · principal	GH 0 11.15.27	7,577,000	$9.4m0.42%	0.42%	New
46	CHART INDS INC COM GTLS	GTLS	44,924	$9.4m0.42%	0.42%	Added +34.4k	+34,424 327.9%
47	BEYOND MEAT INC DEBT 7.000%10/1 · principal BYND 7 10.15.30 · principal	BYND 7 10.15.30	14,003,381	$9.3m0.41%	0.41%	Reduced -3.1m	-3,114,619 -18.2%
48	JANUS HENDERSON GROUP PLC ORD SHS ORD SHS		176,575	$9.2m0.41%	0.41%	Added +160.7k	+160,694 1011.9%
49	SPECIAL OPPORTUNITIES FD INC 2.75% CNV PFD C SPE 2.75 01.27.27 C	SPE 2.75 01.27.27 C	362,349	$9.0m0.40%	0.40%	Added +17.4k	+17,363 5.0%
50	LYFT INC NOTE 0.625% 3/0 · principal LYFT 0.625 03.01.29 · principal	LYFT 0.625 03.01.29	8,520,000	$8.9m0.40%	0.40%	Added +1.3m	+1,282,000 17.7%
51	SRH TOTAL RETURN FUND INC COM STEW	STEW	461,965	$8.3m0.37%	0.37%	Unchanged
52	NEXTERA ENERGY INC UNIT 02/15/2029 NEE 7.375 02.15.29	NEE 7.375 02.15.29	172,063	$8.2m0.37%	0.37%	Reduced -368.7k	-368,676 -68.2%
53	INTEGER HLDGS CORP DBCV 1.875% 3/1 · principal ITGR 1.875 03.15.30 · principal	ITGR 1.875 03.15.30	8,034,000	$7.8m0.34%	0.34%	Added +4.1m	+4,090,000 103.7%
54	TITAN ACQUISITION CORP CL A TACH	TACH	708,268	$7.4m0.33%	0.33%	Unchanged
55	GREEN PLAINS INC NOTE 5.250%11/0 · principal GPRE 5.25 11.01.30 UNRS · principal	GPRE 5.25 11.01.30 UNRS	5,256,000	$7.1m0.32%	0.32%	Unchanged
56	PEABODY ENGR CORP NOTE 3.250% 3/0 · principal BTU 3.25 03.01.28 · principal	BTU 3.25 03.01.28	5,224,000	$7.0m0.31%	0.31%	Reduced -15.4m	-15,438,000 -74.7%
57	JAZZ PHARMACEUTICALS PLC SHS USD JAZZ	JAZZ	29,041	$7.0m0.31%	0.31%	New
58	EQV VENTURES AC CORP. II ORD SHS CL A EVAC	EVAC	673,659	$6.9m0.30%	0.30%	Added +554.7k	+554,715 466.4%
59	WEN ACQUISITION CORP COM CL A WENN	WENN	647,631	$6.7m0.30%	0.30%	Unchanged
60	REVOLUTION MEDICINES INC *W EXP 12/17/202 RVMDW	RVMDW	78,367	$6.6m0.29%	0.29%	Added +60.9k	+60,862 347.7%
61	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	125,200	$6.3m0.28%	0.28%	New
62	LITMAN GREGORY FDS TR IMGP DBI MANAGED DBMF	DBMF	205,764	$6.3m0.28%	0.28%	Unchanged
63	STRATEGY INC NOTE 3/0 · principal MSTR 0 03.01.30 · principal	MSTR 0 03.01.30	7,000,000	$6.2m0.28%	0.28%	Unchanged
64	TOTAL RETURN SECURITIES FUND COM SWZ	SWZ	1,040,190	$6.2m0.27%	0.27%	Added +19.6k	+19,643 1.9%
65	LIONHEART HOLDINGS SHS CL A CUB	CUB	507,589	$5.5m0.24%	0.24%	New
66	AZUL S A SPONSORED ADS AZUL	AZUL	597,806	$5.4m0.24%	0.24%	New
67	TRG LATIN AMER ACQUIS CORP CL A ORD SHS TRGS	TRGS	532,949	$5.3m0.23%	0.23%	New
68	BLOOM ENERGY CORP COM CL A BE	BE	17,197	$5.2m0.23%	0.23%	Added +100	+100 0.6%
69	NEXTERA ENERGY INC UNIT 06/01/2027 NEE 7.299 06.01.27	NEE 7.299 06.01.27	97,165	$5.2m0.23%	0.23%	Added +48.7k	+48,688 100.4%
70	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	4,362,000	$5.1m0.23%	0.23%	Added +1.9m	+1,862,000 74.5%
71	SILA REALTY TRUST INC COMMON STOCK COMMON STOCK		169,320	$5.1m0.23%	0.23%	New
72	ARMADA ACQUISITION CORP III UNIT 02/13/2031 AACIU	AACIU	499,959	$5.0m0.22%	0.22%	Reduced -41	-41 -0.0%
73	SHIFT4 PMTS INC 6 SER A CNV PREF FOUR 6 05.01.28	FOUR 6 05.01.28	81,137	$5.0m0.22%	0.22%	Reduced -909	-909 -1.1%
74	SIMPLIFY EXCHANGE TRADED FUN MANAGED FUTURES CTA	CTA	193,879	$5.0m0.22%	0.22%	Unchanged
75	MACOM TECH SOLUTIONS HLDGS I COM MTSI	MTSI	13,148	$5.0m0.22%	0.22%	Added +1.9k	+1,900 16.9%
76	ELECTRONIC ARTS INC COM EA	EA	24,281	$5.0m0.22%	0.22%	Added +14.9k	+14,881 158.3%
77	ART TECHNOLOGY ACQUISITION C USD CL A ORD SHS ARTC	ARTC	487,763	$4.8m0.21%	0.21%	Added +396.3k	+396,263 433.1%
78	LAKE SUPERIOR ACQUISITION CO USD CL A ORD SHS LKSP	LKSP	465,598	$4.7m0.21%	0.21%	Unchanged
79	INFLECTION PT ACQUISITION CO CL A ORD SHS CL A ORD SHS		454,422	$4.7m0.21%	0.21%	Unchanged
80	SABA CAPITAL INCOME & OPRNT SHS NEW BRW	BRW	686,484	$4.5m0.20%	0.20%	Reduced -21.8k	-21,758 -3.1%
81	KEYSTONE ACQUISITION CORP CL A KEYY	KEYY	451,508	$4.5m0.20%	0.20%	New
82	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		273,096	$4.3m0.19%	0.19%	Added +10.8k	+10,848 4.1%
83	VIRIDIAN THERAPEUTICS INC NOTE 1.750% 5/1 · principal VRDN 1.75 05.15.32 · principal	VRDN 1.75 05.15.32	4,000,000	$4.3m0.19%	0.19%	New
84	LIBERTY LIVE HOLDINGS INC COM SER A LLYVA	LLYVA	41,755	$4.2m0.19%	0.19%	Unchanged
85	DIGITAL ASSET ACQUISITION CO SHS CL A DAAQ	DAAQ	405,083	$4.2m0.19%	0.19%	Added +36.5k	+36,502 9.9%
86	AMERICAN CENTY ETF TR EMERGING MKT VAL AVES	AVES	62,973	$4.1m0.18%	0.18%	Unchanged
87	FIVE9 INC NOTE 1.000% 3/1 · principal FIVN 1 03.15.29 · principal	FIVN 1 03.15.29	4,636,000	$4.1m0.18%	0.18%	Added +2.1m	+2,136,000 85.4%
88	PURECYCLE TECHNOLOGIES INC NOTE 4.750% 7/0 · principal PCT 4.75 07.01.32 · principal	PCT 4.75 07.01.32	4,000,000	$4.1m0.18%	0.18%	New
89	XEROX HOLDINGS CORP NOTE 3.750% 3/1 · principal XRX 3.75 03.15.30 · principal	XRX 3.75 03.15.30	11,634,000	$4.0m0.18%	0.18%	Added +7.5m	+7,500,000 181.4%
90	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	88,210	$4.0m0.18%	0.18%	Added +20.6k	+20,609 30.5%
91	MESHFLOW ACQUISITION CORP USD CL A ORD SHS MESH	MESH	395,826	$4.0m0.18%	0.18%	Reduced -721	-721 -0.2%
92	INTERNATIONAL MNY EXPRESS IN COM IMXI	IMXI	268,680	$3.9m0.17%	0.17%	Added +197.7k	+197,733 278.7%
93	WAYFAIR INC NOTE 3.250% 9/1 · principal W 3.25 09.15.27 · principal	W 3.25 09.15.27	2,500,000	$3.8m0.17%	0.17%	New
94	CHEESECAKE FACTORY INC NOTE 2.000% 3/1 · principal CAKE 2 03.15.30 · principal	CAKE 2 03.15.30	3,000,000	$3.8m0.17%	0.17%	Reduced -10.2m	-10,194,000 -77.3%
95	MEXICO EQUITY & INCOME FD COM MXE	MXE	291,255	$3.8m0.17%	0.17%	Reduced -742	-742 -0.2%
96	CANTOR EQUITY PARTNERS VII I CL A ORD SHS CAES	CAES	375,000	$3.8m0.17%	0.17%	New
97	ISHARES TR MSCI INTL VLU FT IVLU	IVLU	90,270	$3.8m0.17%	0.17%	Unchanged
98	UBER TECHNOLOGIES INC NOTE 5/1 · principal UBER 0 05.15.28 · principal	UBER 0 05.15.28	3,216,000	$3.7m0.17%	0.17%	New
99	INFLECTION PT ACQUISIT CORP CL A ORD SHS IPFX	IPFX	355,646	$3.7m0.16%	0.16%	New
100	JOBY AVIATION INC NOTE 0.750% 2/1 · principal JOBY 0.75 02.15.32 · principal	JOBY 0.75 02.15.32	4,000,000	$3.6m0.16%	0.16%	Reduced -1.0m	-1,000,000 -20.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
JAZZ INVESTMENTS I LTD JAZZ 2 06.15.26	JAZZ 2 06.15.26	52,574,000	$63.9m52.6m shares
LIVE NATION ENTERTAINMENT IN LYV 3.125 01.15.29	LYV 3.125 01.15.29	32,756,000	$49.9m32.8m shares
STRIDE INC LRN 1.125 09.01.27	LRN 1.125 09.01.27	10,300,000	$17.8m10.3m shares
CSG SYS INTL INC CSGS 3.875 09.15.28	CSGS 3.875 09.15.28	7,500,000	$9.1m7.5m shares
HOLOGIC INC HOLX	HOLX	117,968	$8.9m118.0k shares
SOUTHERN CO SO 4.5 06.15.27	SO 4.5 06.15.27	7,102,000	$7.9m7.1m shares
STRATEGY INC MSTR 2.25 06.15.32	MSTR 2.25 06.15.32	7,500,000	$7.7m7.5m shares
IRON HORSE ACQUISIT II CORP IRHO	IRHO	737,555	$7.3m737.6k shares
NEXTERA ENERGY CAP HLDGS INC NEE 3 03.01.27	NEE 3 03.01.27	5,000,000	$6.9m5.0m shares
FLUENCE ENERGY INC FLNC 2.25 06.15.30	FLNC 2.25 06.15.30	6,140,000	$6.2m6.1m shares
SPECTRUM BRANDS INC SPB 3.375 06.01.29	SPB 3.375 06.01.29	6,280,000	$6.2m6.3m shares
SUPER MICRO COMPUTER INC SMCI 2.25 07.15.28	SMCI 2.25 07.15.28	6,421,000	$5.6m6.4m shares
SPDR GOLD TR GLD	GLD	12,623	$5.4m12.6k shares
TRG LATIN AMER ACQUIS CORP TRGSU	TRGSU	533,252	$5.3m533.3k shares
AMPRIUS TECHNOLOGIES INC AMPX.WS	AMPX.WS	754,893	$5.2m754.9k shares
TOPGOLF CALLAWAY BRANDS CORP CALY 2.75 05.01.26	CALY 2.75 05.01.26	5,160,000	$5.2m5.2m shares
H WORLD GROUP LTD HTHT 3 05.01.26	HTHT 3 05.01.26	3,796,000	$5.1m3.8m shares
SOLAREDGE TECHNOLOGIES INC SEDG 2.25 07.01.29	SEDG 2.25 07.01.29	2,652,000	$4.6m2.7m shares
WORKIVA INC WK 1.25 08.15.28	WK 1.25 08.15.28	4,787,000	$4.5m4.8m shares
INFLECTION PT ACQUISIT CORP IPFXU	IPFXU	405,666	$4.1m405.7k shares
BAIN CAP GSS INVT CORP BCSS	BCSS	387,390	$3.9m387.4k shares
METALS ACQUISITION CORP II MTAL.U	MTAL.U	374,411	$3.8m374.4k shares
FG MERGER II CORP		352,136	$3.6m352.1k shares
MOZAYYX ACQUISITION CORP MZYX.U	MZYX.U	308,432	$3.1m308.4k shares
ETSY INC ETSY 0.125 10.01.26	ETSY 0.125 10.01.26	3,083,000	$3.0m3.1m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
GAMESTOP CORP NEW GME · Put	GME	Put	1,230,200	$27.2m1.2m shares	Added
KINDER MORGAN INC DEL KMI · Put	KMI	Put	678,900	$21.7m678.9k shares	New
XEROX HOLDINGS CORP Put		Put	5,100,000	$16.0m5.1m shares	Reduced
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	19,000	$14.2m19.0k shares	Reduced
PENUMBRA INC PEN · Put	PEN	Put	36,100	$11.4m36.1k shares	Reduced
ELECTRONIC ARTS INC EA · Put	EA	Put	47,800	$9.8m47.8k shares	Added
ISHARES TR TLT · Call	TLT	Call	90,000	$7.8m90.0k shares	Added
CHART INDS INC GTLS · Put	GTLS	Put	36,300	$7.6m36.3k shares	Added
SUPER MICRO COMPUTER INC SMCI · Put	SMCI	Put	253,900	$7.4m253.9k shares	Added
SELECT SECTOR SPDR TR XLE · Put	XLE	Put	119,700	$6.4m119.7k shares	Added
REVOLUTION MEDICINES INC RVMD · Put	RVMD	Put	29,600	$5.5m29.6k shares	Added
AMERICAN AIRLS GROUP INC AAL · Put	AAL	Put	292,500	$5.3m292.5k shares	Reduced
SHIFT4 PMTS INC FOUR · Put	FOUR	Put	107,800	$5.2m107.8k shares	Unchanged
ISHARES TR TLT · Put	TLT	Put	55,000	$4.8m55.0k shares	Reduced
MARA HOLDINGS INC MARA · Put	MARA	Put	341,400	$4.7m341.4k shares	Reduced
ECHOSTAR CORP ECHO · Put	ECHO	Put	45,200	$4.6m45.2k shares	Unchanged
DIGITALBRIDGE GROUP INC Put		Put	272,900	$4.3m272.9k shares	Reduced
SPDR GOLD TR GLD · Call	GLD	Call	11,000	$4.1m11.0k shares	Added
ISHARES TR HYG · Put	HYG	Put	50,000	$4.0m50.0k shares	Added
NEBIUS GROUP N.V. NBIS · Put	NBIS	Put	14,400	$4.0m14.4k shares	Reduced
NIO INC NIO · Put	NIO	Put	783,300	$4.0m783.3k shares	Added
SELECT SECTOR SPDR TR XLV · Put	XLV	Put	23,700	$3.8m23.7k shares	New
MICROSTRATEGY INC MSTR · Put	MSTR	Put	41,500	$3.6m41.5k shares	Reduced
HIMS & HERS HEALTH INC HIMS · Put	HIMS	Put	87,400	$3.0m87.4k shares	Unchanged
BOSTON SCIENTIFIC CORP BSX · Call	BSX	Call	68,000	$2.9m68.0k 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.

Company	Ticker	Stake	Change	Schedule	Last filed
TOTAL RETURN SECURITIES FUND SWZ · 13G · filed 2026-04-17	SWZ	7.9%≈ $6.1m	-2.1 pts	13G	2026-04-17
MEXICO EQUITY & INCOME FD MXE · 13G · filed 2026-02-13	MXE	7.6%≈ $4.3m	-1.4 pts	13G	2026-02-13
RIVERNORTH CAP AND INCM FD I XRSFX · 13G · filed 2025-12-19	XRSFX	6.3%≈ $3.9m	+1.2 pts	13G	2025-12-19
WOLFSPEED INC WOLF · 13G · filed 2026-06-08	WOLF	5.9%≈ $146.5m	new	13G	2026-06-08
HERZFELD CARIBBEAN BASIN FD HERZ · 13G · filed 2026-10-20	HERZ	5.5%≈ $1.9m	new	13G	2026-10-20
OCEANHAWK ACQUISITION CORP OHAC · 13G · filed 2026-10-06	OHAC	5.5%≈ $10.3m	new	13G	2026-10-06