WOLVERINE ASSET MANAGEMENT LLC

CHICAGO, IL · CIK 1279891 · 13F filing filed 2026-08-10

SEC-registered investment adviser since 2011 · limited liability company

Assets managed$14.8bn
Staff44 · 20 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $14.8bn gross assets
Websitewolve.com
Form ADV · 2026-06-12SEC adviser record

Legal entityWOLVERINE ASSET MANAGEMENT, LLC (US)
Part of WOLVERINE HOLDINGS, LLC (US)

Other 13F filers in this group: WOLVERINE TRADING, LLC last filed Q3 2025, Wolverine Holdings, L.P. last filed Q3 2025

$7.7bn reported value +19.3% vs Q1 2026

1,262positions

25.7%in top 10

308 new 327 added 386 reduced 321 sold out vs Q1 2026

Options: 128 call positions ($633.4m notional), 278 put positions ($3.1bn notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Wolverine Holdings, L.P. – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

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	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	312,210,000	$368.0m4.81%	4.81%	Added +65.5m	+65,468,000 26.5%
2	BLOOM ENERGY CORP NOTE 3.000% 6/0 · principal BE 3 06.01.29 · principal	BE 3 06.01.29	23,137,000	$336.0m4.39%	4.39%	Unchanged
3	STRATEGY INC NOTE 0.625% 9/1 · principal MSTR 0.625 09.15.28 · principal	MSTR 0.625 09.15.28	180,135,000	$183.9m2.40%	2.40%	Added +47.8m	+47,800,000 36.1%
4	CLOUDFLARE INC NOTE 6/1 · principal NET 0 06.15.30 · principal	NET 0 06.15.30	143,657,000	$182.1m2.38%	2.38%	New
5	DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal	DASH 0 05.15.30	161,157,000	$158.5m2.07%	2.07%	New
6	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	3,133,921	$157.1m2.05%	2.05%	New
7	AKAMAI TECHNOLOGIES INC NOTE 0.250% 5/1 · principal AKAM 0.25 05.15.33 · principal	AKAM 0.25 05.15.33	103,978,000	$151.9m1.99%	1.99%	New
8	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	3,004,911	$151.8m1.98%	1.98%	New
9	TRIP COM GROUP LTD NOTE 0.750% 6/1 · principal TCOM 0.75 06.15.29 · principal	TCOM 0.75 06.15.29	144,616,000	$142.5m1.86%	1.86%	Added +38.5m	+38,500,000 36.3%
10	BRIDGEBIO PHARMA INC NOTE 2.500% 3/1 · principal BBIO 2.5 03.15.27 · principal	BBIO 2.5 03.15.27	76,538,000	$136.3m1.78%	1.78%	Reduced -5.5m	-5,500,000 -6.7%
11	RIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 · principal RIVN 4.625 03.15.29 · principal	RIVN 4.625 03.15.29	112,010,000	$132.4m1.73%	1.73%	Added +19.5m	+19,500,000 21.1%
12	RUBRIK INC. NOTE 6/1 · principal RBRK 0 06.15.30 · principal	RBRK 0 06.15.30	125,683,000	$128.5m1.68%	1.68%	New
13	JD.COM INC NOTE 0.250% 6/0 · principal JD 0.25 06.01.29 · principal	JD 0.25 06.01.29	126,628,000	$124.6m1.63%	1.63%	Added +17.0m	+17,000,000 15.5%
14	GAMESTOP CORP NOTE 4/0 · principal GME 0 04.01.30 · principal	GME 0 04.01.30	118,500,000	$121.0m1.58%	1.58%	New
15	SUPER MICRO COMPUTER INC NOTE 3.500% 3/0 · principal SMCI 3.5 03.01.29 · principal	SMCI 3.5 03.01.29	130,119,000	$120.5m1.57%	1.57%	Reduced -34.0m	-34,050,000 -20.7%
16	PG&E CORP NOTE 4.250%12/0 · principal PCG 4.25 12.01.27 · principal	PCG 4.25 12.01.27	107,214,000	$109.7m1.43%	1.43%	Unchanged
17	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	1,924,254	$98.8m1.29%	1.29%	New
18	AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 · principal AKAM 0.375 09.01.27 · principal	AKAM 0.375 09.01.27	79,145,000	$95.0m1.24%	1.24%	New
19	UBER TECHNOLOGIES INC NOTE 5/1 · principal UBER 0 05.15.28 · principal	UBER 0 05.15.28	74,300,000	$86.1m1.13%	1.13%	New
20	GUIDEWIRE SOFTWARE INC NOTE 1.250%11/0 · principal GWRE 1.25 11.01.29 · principal	GWRE 1.25 11.01.29	88,681,000	$85.4m1.12%	1.12%	Added +17.1m	+17,053,000 23.8%
21	BRIDGEBIO PHARMA INC NOTE 1.750% 3/0 · principal BBIO 1.75 03.01.31 · principal	BBIO 1.75 03.01.31	50,493,000	$84.9m1.11%	1.11%	Added +44.9m	+44,863,000 796.9%
22	ALBEMARLE CORP 7.25% DEP SHS A ALB 7.25 03.01.27	ALB 7.25 03.01.27	1,494,059	$82.9m1.08%	1.08%	Reduced -29.3k	-29,314 -1.9%
23	MAKEMYTRIP LIMITED MAURITIUS NOTE 7/0 · principal MMYT 0 07.01.30 · principal	MMYT 0 07.01.30	88,118,000	$80.1m1.05%	1.05%	New
24	GAMESTOP CORP NOTE 6/1 · principal GME 0 06.15.32 · principal	GME 0 06.15.32	75,000,000	$76.2m1.00%	1.00%	New
25	STRATEGY INC NOTE 3/0 · principal MSTR 0 03.01.30 · principal	MSTR 0 03.01.30	85,750,000	$75.9m0.99%	0.99%	Unchanged
26	TRANSMEDICS GROUP INC NOTE 1.500% 6/0 · principal TMDX 1.5 06.01.28 · principal	TMDX 1.5 06.01.28	69,459,000	$75.4m0.98%	0.98%	Added +3.0m	+3,000,000 4.5%
27	PPL CAP FDG INC NOTE 2.875% 3/1 · principal PPL 2.875 03.15.28 · principal	PPL 2.875 03.15.28	65,500,000	$74.4m0.97%	0.97%	Unchanged
28	NIO INC NOTE 3.875%10/1 · principal NIO 3.875 10.15.29 · principal	NIO 3.875 10.15.29	72,650,000	$73.5m0.96%	0.96%	Added +2.0m	+2,000,000 2.8%
29	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal	IRTC 1.5 09.01.29	66,375,000	$73.2m0.96%	0.96%	Added +19.4m	+19,362,000 41.2%
30	ITRON INC NOTE 1.375% 7/1 · principal ITRI 1.375 07.15.30 · principal	ITRI 1.375 07.15.30	72,696,000	$72.6m0.95%	0.95%	Added +1.7m	+1,726,000 2.4%
31	JOBY AVIATION INC NOTE 0.750% 2/1 · principal JOBY 0.75 02.15.32 · principal	JOBY 0.75 02.15.32	78,000,000	$71.1m0.93%	0.93%	Added +2.5m	+2,500,000 3.3%
32	STRATEGY INC NOTE 2.250% 6/1 · principal MSTR 2.25 06.15.32 · principal	MSTR 2.25 06.15.32	73,600,000	$70.7m0.92%	0.92%	Unchanged
33	FLUOR CORP NOTE 1.125% 8/1 · principal FLR 1.125 08.15.29 · principal	FLR 1.125 08.15.29	52,529,000	$69.7m0.91%	0.91%	Added +3.3m	+3,255,000 6.6%
34	WORKIVA INC NOTE 1.250% 8/1 · principal WK 1.25 08.15.28 · principal	WK 1.25 08.15.28	68,182,000	$63.9m0.83%	0.83%	Reduced -1.5m	-1,500,000 -2.1%
35	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	937,835	$63.6m0.83%	0.83%	New
36	ALIGNMENT HEALTHCARE INC NOTE 4.250%11/1 · principal ALHC 4.25 11.15.29 · principal	ALHC 4.25 11.15.29	36,000,000	$61.8m0.81%	0.81%	Reduced -10.0m	-10,000,000 -21.7%
37	BLACKBERRY LTD NOTE 3.000% 2/1 · principal BBCN 3 02.15.29 · principal	BBCN 3 02.15.29	18,955,000	$61.6m0.80%	0.80%	Unchanged
38	LYFT INC NOTE 0.625% 3/0 · principal LYFT 0.625 03.01.29 · principal	LYFT 0.625 03.01.29	52,526,000	$55.0m0.72%	0.72%	Added +4.8m	+4,827,000 10.1%
39	ALARM COM HLDGS INC NOTE 2.250% 6/0 · principal ALRM 2.25 06.01.29 · principal	ALRM 2.25 06.01.29	56,461,000	$53.6m0.70%	0.70%	Added +2.5m	+2,517,000 4.7%
40	XOMETRY INC NOTE 0.750% 6/1 · principal XMTR 0.75 06.15.30 · principal	XMTR 0.75 06.15.30	23,900,000	$53.1m0.69%	0.69%	New
41	FIRSTENERGY CORP NOTE 3.625% 1/1 · principal FE 3.625 01.15.29 · principal	FE 3.625 01.15.29	48,314,000	$52.7m0.69%	0.69%	New
42	REPLIGEN CORP NOTE 1.000%12/1 · principal RGEN 1 12.15.28 · principal	RGEN 1 12.15.28	51,224,000	$52.5m0.69%	0.69%	New
43	STRATEGY INC NOTE 0.625% 3/1 · principal MSTR 0.625 03.15.30 · principal	MSTR 0.625 03.15.30	50,699,000	$51.6m0.67%	0.67%	Added +12.5m	+12,500,000 32.7%
44	IREN LIMITED NOTE 3.250% 6/1 · principal IREN 3.25 06.15.30 · principal	IREN 3.25 06.15.30	17,252,000	$50.3m0.66%	0.66%	Unchanged
45	IREN LIMITED ORDINARY SHARES IREN	IREN	1,079,196	$49.4m0.64%	0.64%	Reduced -155.6k	-155,555 -12.6%
46	INNOVIVA INC NOTE 2.125% 3/1 · principal INVA 2.125 03.15.28 · principal	INVA 2.125 03.15.28	42,990,000	$46.3m0.61%	0.61%	Added +10.4m	+10,397,000 31.9%
47	A10 NETWORKS INC NOTE 2.750% 4/0 · principal ATEN 2.75 04.01.30 · principal	ATEN 2.75 04.01.30	27,250,000	$46.2m0.60%	0.60%	New
48	ALKAMI TECHNOLOGY INC NOTE 1.500% 3/1 · principal ALKTEC 1.5 03.15.30 · principal	ALKTEC 1.5 03.15.30	43,591,000	$41.8m0.55%	0.55%	Added +3.5m	+3,500,000 8.7%
49	SHIFT4 PMTS INC 6 SER A CNV PREF FOUR 6 05.01.28	FOUR 6 05.01.28	667,140	$41.4m0.54%	0.54%	Reduced -39.4k	-39,440 -5.6%
50	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	881,373	$39.5m0.52%	0.52%	Added +147.1k	+147,076 20.0%
51	SPECTRUM BRANDS INC NOTE 3.375% 6/0 · principal SPB 3.375 06.01.29 · principal	SPB 3.375 06.01.29	37,592,000	$39.1m0.51%	0.51%	Reduced -3.8m	-3,800,000 -9.2%
52	AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 · principal AKAM 1.125 02.15.29 · principal	AKAM 1.125 02.15.29	32,740,000	$39.0m0.51%	0.51%	Added +30.2m	+30,240,000 1209.6%
53	BRUKER CORP 6.375 PREF SER A BRKR 6.375 09.01.28	BRKR 6.375 09.01.28	82,458	$36.8m0.48%	0.48%	Reduced -45.3k	-45,333 -35.5%
54	COGENT BIOSCIENCES INC NOTE 1.625%11/1 · principal COGT 1.625 11.15.31 · principal	COGT 1.625 11.15.31	29,500,000	$36.2m0.47%	0.47%	Unchanged
55	NEXTERA ENERGY INC UNIT 02/15/2029 NEE 7.375 02.15.29	NEE 7.375 02.15.29	645,172	$30.9m0.40%	0.40%	Added +183.2k	+183,198 39.7%
56	RIOT PLATFORMS INC NOTE 0.750% 1/1 · principal RIOT 0.75 01.15.30 · principal	RIOT 0.75 01.15.30	15,112,000	$30.4m0.40%	0.40%	New
57	LIFE360 INC NOTE 6/0 · principal LIF 0 06.01.30 · principal	LIF 0 06.01.30	28,300,000	$29.5m0.38%	0.38%	New
58	NOVANTA INC UNIT 11/01/2028 NOVT 6.5 11.01.28	NOVT 6.5 11.01.28	428,610	$29.3m0.38%	0.38%	Added +125.9k	+125,871 41.6%
59	VERTEX INC NOTE 0.750% 5/0 · principal VERX 0.75 05.01.29 · principal	VERX 0.75 05.01.29	31,055,000	$27.8m0.36%	0.36%	Reduced -27.3m	-27,296,000 -46.8%
60	BRIDGEBIO PHARMA INC NOTE 2.250% 2/0 · principal BBIO 2.25 02.01.29 · principal	BBIO 2.25 02.01.29	24,392,000	$27.0m0.35%	0.35%	Reduced -3.5m	-3,500,000 -12.6%
61	ETSY INC NOTE 0.125% 9/0 · principal ETSY 0.125 09.01.27 · principal	ETSY 0.125 09.01.27	27,880,000	$26.4m0.34%	0.34%	Unchanged
62	INTEGER HLDGS CORP NOTE 2.125% 2/1 · principal ITGR 2.125 02.15.28 · principal	ITGR 2.125 02.15.28	21,373,000	$26.2m0.34%	0.34%	Reduced -43.0k	-43,000 -0.2%
63	EQV VENTURES AC CORP. II ORD SHS CL A EVAC	EVAC	2,551,137	$26.0m0.34%	0.34%	Reduced -3.3k	-3,300 -0.1%
64	MARA HOLDINGS INC COM MARA	MARA	1,694,207	$23.5m0.31%	0.31%	New
65	AGRICULTURE & NAT SOL ACQ CO SHS CL A SHS CL A		1,985,341	$22.7m0.30%	0.30%	Reduced -3.1k	-3,118 -0.2%
66	PARSONS CORP DEL NOTE 2.625% 3/0 · principal PSN 2.625 03.01.29 · principal	PSN 2.625 03.01.29	22,654,000	$22.4m0.29%	0.29%	Added +276.0k	+276,000 1.2%
67	QXO INC 5.50 DEP PFD QXO 5.5 05.15.28 B	QXO 5.5 05.15.28 B	455,737	$22.3m0.29%	0.29%	Added +233.0k	+233,006 104.6%
68	LANTHEUS HLDGS INC NOTE 2.625%12/1 · principal LNTH 2.625 12.15.27 · principal	LNTH 2.625 12.15.27	15,138,000	$22.1m0.29%	0.29%	Reduced -31.3m	-31,300,000 -67.4%
69	OPKO HEALTH INC NOTE 3.750% 1/1 · principal OPK 3.75 01.15.29 · principal	OPK 3.75 01.15.29	13,785,000	$20.4m0.27%	0.27%	Added +835.0k	+835,000 6.5%
70	MICROCHIP TECHNOLOGY INC. DEP SHS REPSTG MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	264,806	$20.3m0.27%	0.27%	Added +175.0k	+174,963 194.7%
71	OMNICELL COM NOTE 1.000%12/0 · principal OMCL 1 12.01.29 · principal	OMCL 1 12.01.29	18,241,000	$19.3m0.25%	0.25%	Reduced -5.0m	-5,000,000 -21.5%
72	DRUGS MADE IN AMER ACQ II CO USD ORD SHS DMII	DMII	1,855,222	$18.7m0.24%	0.24%	Added +59.9k	+59,931 3.3%
73	META PLATFORMS INC CL A META	META	31,893	$18.0m0.23%	0.23%	Reduced -15.5k	-15,488 -32.7%
74	TESLA INC COM TSLA	TSLA	41,907	$17.6m0.23%	0.23%	Reduced -33.0k	-33,048 -44.1%
75	ZIFF DAVIS INC DEBT 3.625% 3/0 · principal ZD 3.625 03.01.28 · principal	ZD 3.625 03.01.28	17,500,000	$17.5m0.23%	0.23%	New
76	SNOWFLAKE INC CL A SNOW	SNOW	67,776	$17.2m0.23%	0.23%	Added +10.2k	+10,213 17.7%
77	IMPINJ INC NOTE 1.125% 5/1 · principal PI 1.125 05.15.27 · principal	PI 1.125 05.15.27	12,051,000	$17.0m0.22%	0.22%	Unchanged
78	MFA FINL INC COM MFA	MFA	1,709,312	$16.6m0.22%	0.22%	Added +176.0k	+176,026 11.5%
79	WHIRLPOOL CORP 8.5 DEP SR A CNV WHR 8.5 02.15.29 A	WHR 8.5 02.15.29 A	441,252	$15.5m0.20%	0.20%	Added +220.1k	+220,051 99.5%
80	CAPITAL SOUTHWEST CORP NOTE 5.125%11/1 · principal CSWC 5.125 11.15.29 · principal	CSWC 5.125 11.15.29	14,834,000	$15.4m0.20%	0.20%	Unchanged
81	CHIMERA INVT CORP COM SHS CIM	CIM	1,112,637	$14.8m0.19%	0.19%	Added +176.8k	+176,762 18.9%
82	AEROVIRONMENT INC NOTE 7/1 · principal AVAV 0 07.15.30 · principal	AVAV 0 07.15.30	15,248,000	$14.5m0.19%	0.19%	Reduced -35.2m	-35,200,000 -69.8%
83	ANDRETTI ACQUISITION CORP II ORD SHS CL A POLE	POLE	1,344,191	$14.5m0.19%	0.19%	Reduced -120	-120 -0.0%
84	APEX TREAS CORP ORD SHS CL A APXT	APXT	1,425,998	$14.3m0.19%	0.19%	Added +439.5k	+439,542 44.6%
85	BEYOND MEAT INC DEBT 7.000%10/1 · principal BYND 7 10.15.30 · principal	BYND 7 10.15.30	20,071,441	$14.0m0.18%	0.18%	Reduced -3.4m	-3,414,559 -14.5%
86	PG&E CORP PFD CONV SER A PCG 6 12.01.27 A	PCG 6 12.01.27 A	324,120	$13.5m0.18%	0.18%	Reduced -90.9k	-90,882 -21.9%
87	BRIGHTSPRING HEALTH SVCS INC UNIT 02/01/2027 BTSG 6.75 02.01.27	BTSG 6.75 02.01.27	54,193	$12.5m0.16%	0.16%	Reduced -287.8k	-287,769 -84.2%
88	SOULPOWER ACQUISITION CORP USD CL A ORD SHS SOUL	SOUL	1,206,963	$12.5m0.16%	0.16%	Reduced -12.5k	-12,533 -1.0%
89	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV HPE 7.625 09.01.27	HPE 7.625 09.01.27	106,270	$12.4m0.16%	0.16%	Reduced -86.6k	-86,553 -44.9%
90	TXNM ENERGY INC NOTE 5.750% 6/0 · principal TXNM 5.75 06.01.54 · principal	TXNM 5.75 06.01.54	9,450,000	$12.3m0.16%	0.16%	Added +1.5m	+1,500,000 18.9%
91	D BORAL ACQUISITION I CORP ORD SHS CL A DBCA	DBCA	1,218,217	$12.1m0.16%	0.16%	Reduced -13.7k	-13,692 -1.1%
92	XOMETRY INC NOTE 1.000% 2/0 · principal XMTR 1 02.01.27 · principal	XMTR 1 02.01.27	7,000,000	$12.1m0.16%	0.16%	Added +5.0m	+5,000,000 250.0%
93	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	191,532	$11.7m0.15%	0.15%	Added +67.2k	+67,245 54.1%
94	SPACSPHERE ACQUISITION CORP CL A SHS SSAC	SSAC	1,163,230	$11.6m0.15%	0.15%	Added +826.1k	+826,067 245.0%
95	GLOBA TERRA ACQUISITION COR CL A ORD SHS GTERA	GTERA	1,123,010	$11.6m0.15%	0.15%	Reduced -9.7k	-9,701 -0.9%
96	CIPHER MINING INC COM CIFR	CIFR	470,596	$11.5m0.15%	0.15%	Reduced -105.4k	-105,415 -18.3%
97	BTC DEV CORP ORD SHS CL A BDCI	BDCI	1,143,985	$11.5m0.15%	0.15%	Added +801.0k	+801,008 233.6%
98	ON SEMICONDUCTOR CORP COM ON	ON	121,103	$11.4m0.15%	0.15%	New
99	NEWBURY STR II ACQUISITION C ORD SHS CL A NTWO	NTWO	1,075,994	$11.4m0.15%	0.15%	Reduced -364	-364 -0.0%
100	WEN ACQUISITION CORP COM CL A WENN	WENN	1,106,466	$11.4m0.15%	0.15%	Reduced -7.9k	-7,867 -0.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ASCENDIS PHARMA A/S ASND 2.25 04.01.28	ASND 2.25 04.01.28	79,235,000	$116.3m79.2m shares
COINBASE GLOBAL INC COIN 0.5 06.01.26	COIN 0.5 06.01.26	103,085,000	$102.3m103.1m shares
LI AUTO INC LI 0.25 05.01.28	LI 0.25 05.01.28	89,484,000	$89.7m89.5m shares
ON SEMICONDUCTOR CORP ON 0.5 03.01.29	ON 0.5 03.01.29	84,316,000	$82.4m84.3m shares
CSG SYS INTL INC CSGS 3.875 09.15.28	CSGS 3.875 09.15.28	52,387,000	$63.8m52.4m shares
H WORLD GROUP LTD HTHT 3 05.01.26	HTHT 3 05.01.26	43,050,000	$58.0m43.0m shares
STRATEGY INC MSTR 0 12.01.29	MSTR 0 12.01.29	65,500,000	$54.9m65.5m shares
GUARDANT HEALTH INC GH 1.25 02.15.31	GH 1.25 02.15.31	27,256,000	$45.9m27.3m shares
SHIFT4 PMTS INC FOUR 0.5 08.01.27	FOUR 0.5 08.01.27	46,921,000	$44.0m46.9m shares
DRAFTKINGS INC NEW DKNG 0 03.15.28	DKNG 0 03.15.28	42,878,000	$38.7m42.9m shares
BLOOM ENERGY CORP BE 3 06.01.28	BE 3 06.01.28	5,343,000	$38.4m5.3m shares
ENPHASE ENERGY INC ENPH 0 03.01.28	ENPH 0 03.01.28	41,985,000	$37.6m42.0m shares
VEECO INSTRS INC DEL VECO 2.875 06.01.29	VECO 2.875 06.01.29	25,947,000	$35.9m25.9m shares
BLACKLINE INC BL 1 06.01.29	BL 1 06.01.29	37,000,000	$34.8m37.0m shares
REDFIN CORP RDFN 0.5 04.01.27	RDFN 0.5 04.01.27	30,500,000	$29.1m30.5m shares
MARA HOLDINGS INC MARA 2.125 09.01.31	MARA 2.125 09.01.31	32,820,000	$26.5m32.8m shares
ENCORE CAP GROUP INC ECPG 4 03.15.29	ECPG 4 03.15.29	20,375,000	$25.7m20.4m shares
FORTUNA MNG CORP FVICN 3.75 06.30.29	FVICN 3.75 06.30.29	14,059,000	$24.4m14.1m shares
FASTLY INC FSLY 7.75 06.01.28	FSLY 7.75 06.01.28	12,250,000	$22.8m12.2m shares
HAEMONETICS CORP MASS HAE 2.5 06.01.29	HAE 2.5 06.01.29	23,840,000	$22.8m23.8m shares
SUPER MICRO COMPUTER INC SMCI 2.25 07.15.28	SMCI 2.25 07.15.28	17,500,000	$15.3m17.5m shares
COINBASE GLOBAL INC COIN 0.25 04.01.30	COIN 0.25 04.01.30	14,128,000	$13.2m14.1m shares
MARRIOTT VACATIONS WORLDWIDE VAC 3.25 12.15.27	VAC 3.25 12.15.27	12,750,000	$12.3m12.8m shares
MELAR ACQUISITION CORP. I MACI	MACI	1,026,683	$11.1m1.0m shares
AMAZON COM INC AMZN	AMZN	53,076	$11.1m53.1k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
IREN LIMITED IREN · Put	IREN	Put	4,030,200	$184.3m4.0m shares	Reduced
RIVIAN AUTOMOTIVE INC RIVN · Put	RIVN	Put	10,345,900	$179.5m10.3m shares	Added
BLOOM ENERGY CORP BE · Put	BE	Put	551,800	$167.0m551.8k shares	Reduced
NEBIUS GROUP N.V. NBIS · Put	NBIS	Put	580,300	$160.3m580.3k shares	Reduced
MICROSTRATEGY INC MSTR · Put	MSTR	Put	1,358,400	$118.1m1.4m shares	Added
MARA HOLDINGS INC MARA · Put	MARA	Put	7,802,700	$108.4m7.8m shares	Reduced
SUPER MICRO COMPUTER INC SMCI · Put	SMCI	Put	3,382,200	$99.2m3.4m shares	Reduced
AST SPACEMOBILE INC ASTS · Put	ASTS	Put	815,800	$72.5m815.8k shares	Added
LUCID GROUP INC LCID · Put	LCID	Put	10,794,400	$72.2m10.8m shares	Added
APPLE INC AAPL · Call	AAPL	Call	248,400	$71.9m248.4k shares	Reduced
NIO INC NIO · Put	NIO	Put	14,183,100	$71.8m14.2m shares	Reduced
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	119,100	$69.2m119.1k shares	Reduced
OSCAR HEALTH INC OSCR · Put	OSCR	Put	2,167,800	$61.8m2.2m shares	Reduced
CLEANSPARK INC CLSK · Put	CLSK	Put	4,184,600	$60.9m4.2m shares	Reduced
SNOWFLAKE INC SNOW · Put	SNOW	Put	220,500	$56.1m220.5k shares	Reduced
APPLE INC AAPL · Put	AAPL	Put	183,800	$53.2m183.8k shares	Reduced
SEAGATE TECHNOLOGY HLDNGS PL STX · Put	STX	Put	55,000	$53.1m55.0k shares	Unchanged
TERAWULF INC WULF · Put	WULF	Put	1,889,300	$46.7m1.9m shares	Reduced
ALPHABET INC GOOGL · Put	GOOGL	Put	128,500	$45.9m128.5k shares	Added
RIOT PLATFORMS INC RIOT · Put	RIOT	Put	1,614,400	$44.2m1.6m shares	Reduced
NVIDIA CORPORATION NVDA · Put	NVDA	Put	216,900	$43.4m216.9k shares	Reduced
GAMESTOP CORP NEW GME · Put	GME	Put	1,827,700	$40.4m1.8m shares	Added
AMAZON COM INC AMZN · Call	AMZN	Call	163,400	$38.9m163.4k shares	Reduced
COINBASE GLOBAL INC COIN · Put	COIN	Put	261,900	$38.3m261.9k shares	Added
META PLATFORMS INC META · Put	META	Put	66,600	$37.5m66.6k shares	Reduced

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
NEWBRIDGE ACQUISITION LTD NBRG · 13G · filed 2026-10-06	NBRG	8.8%≈ $5.3m	+2.8 pts	13G	2026-10-06
CHARLTON ARIA ACQUISITION CO CHAR · 13G · filed 2025-05-01	CHAR	8.1%≈ $7.8m	+2.6 pts	13G	2025-05-01
NMP ACQUISITION CORP NMP · 13G · filed 2026-04-20	NMP	7.2%≈ $9.0m	+1.0 pts	13G	2026-04-20
PANTAGES CAPITAL ACQUISITION PGAC · 13G · filed 2026-10-06	PGAC	6.6%≈ $2.1m	-1.1 pts	13G	2026-10-06
UY SCUTI ACQUISITION CORP. UYSC · 13G · filed 2026-02-03	UYSC	6.6%≈ $4.0m	+1.0 pts	13G	2026-02-03
GLOBA TERRA ACQUISITION COR GTERA · 13G · filed 2025-10-10	GTERA	6.6%≈ $11.9m	new	13G	2025-10-10
AGRICULTURE & NAT SOL ACQ CO 13G · filed 2026-02-02		6.0%≈ $22.7m	+1.0 pts	13G	2026-02-02
WINTERGREEN ACQUISITION CORP WTGUU · 13G · filed 2025-10-10	WTGUU	6.0%	-1.3 pts	13G	2025-10-10
TRIBECA STRATEGIC ACQUISITIO BIDWU · 13G · filed 2026-10-07	BIDWU	5.9%	new	13G	2026-10-07
BTC DEV CORP BDCI · 13G · filed 2026-10-07	BDCI	5.8%≈ $15.1m	new	13G	2026-10-07
AMPERCAP ACQUISITION CO APMC · 13G · filed 2026-10-07	APMC	5.6%≈ $11.1m	new	13G	2026-10-07
GSR V ACQUISITION CORP GSRVU · 13G · filed 2026-10-07	GSRVU	5.6%	new	13G	2026-10-07
SPACSPHERE ACQUISITION CORP SSAC · 13G · filed 2026-10-06	SSAC	5.2%≈ $9.5m	-1.2 pts	13G	2026-10-06
ORIGIN INVT CORP I ORIQ · 13G · filed 2026-10-06	ORIQ	5.2%≈ $4.6m	+0.2 pts	13G	2026-10-06
LAKESHORE ACQUISITION III CO LCCC · 13G · filed 2026-10-07	LCCC	5.2%≈ $2.1m	new	13G	2026-10-07
MILUNA ACQUISITION CORP MMTX · 13G · filed 2026-04-20	MMTX	5.2%≈ $4.6m	new	13G	2026-04-20
D BORAL ACQUISITION I CORP DBCA · 13G · filed 2026-10-07	DBCA	5.1%≈ $15.8m	new	13G	2026-10-07
BLACK HAWK ACQUISITION CORP BKHA · 13G · filed 2026-10-07	BKHA	5.1%≈ $2.5m	-3.6 pts	13G	2026-10-07
STARRY SEA ACQUISITION CORP SSEA · 13G · filed 2026-10-06	SSEA	5.0%≈ $3.9m	-1.8 pts	13G	2026-10-06
XFLH CAP CORP XFLH · 13G · filed 2026-10-06	XFLH	5.0%≈ $7.0m	new	13G	2026-10-06