Boussard & Gavaudan Investment Management LLP

London, X0 · CIK 1614986 · 13F filing filed 2026-05-15

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 entityBOUSSARD & GAVAUDAN INVESTMENT MANAGEMENT LLP (GB)

KindFCA fund manager
Others nearbyLondon

As an employer

In the UK

FCA-authorised companies1
Manages investmentsyes
Runs fundsyes
Retail clientsno, professional only

Company	Town	Staff	Pay gap report	FCA register
BOUSSARD & GAVAUDAN INVESTMENT MANAGEMENT LLP Limited Liability PartnershipFCA: Authorised · manages investments, manages AIFs, advises, deals	London			Authorisedmanages investments, manages AIFs, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$1.0bn reported value -21.1% vs Q4 2025

84positions

58.5%in top 10

32 new 16 added 15 reduced 37 sold out vs Q4 2025

Options: 2 call positions ($17.0m notional), 3 put positions ($278.9k notional) – listed below, not included above.

Holdings, Q1 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	WESTERN DIGITAL CORP NOTE 3.000%11/1 WDC 3 11.15.28	WDC 3 11.15.28	27,450	$186.1m17.87%	17.87%	Reduced -2.0k	-2,049 -7.0%
2	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	2,299,611	$62.5m6.01%	6.01%	Added +1.6m	+1,573,286 216.6%
3	ADVANCED ENERGY INDS NOTE 2.500% 9/1 AEIS 2.5 09.15.28	AEIS 2.5 09.15.28	24,962	$56.8m5.45%	5.45%	Added +2.2k	+2,184 9.6%
4	ELECTRONIC ARTS INC COM EA	EA	258,844	$52.5m5.04%	5.04%	Added +137.3k	+137,310 113.0%
5	EQUINOX GOLD CORP NOTE 4.750%10/1 EQXCN 4.75 10.15.28	EQXCN 4.75 10.15.28	21,225	$50.2m4.82%	4.82%	Added +11.9k	+11,900 127.6%
6	BRIDGEBIO PHARMA INC NOTE 2.500% 3/1 BBIO 2.5 03.15.27	BBIO 2.5 03.15.27	26,000	$46.2m4.44%	4.44%	New
7	ALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 ALNY 1 09.15.27	ALNY 1 09.15.27	32,000	$40.8m3.92%	3.92%	Added +11.0k	+11,046 52.7%
8	NORFOLK SOUTHN CORP COM NSC	NSC	135,885	$38.5m3.70%	3.70%	Added +32.5k	+32,516 31.5%
9	GUARDANT HEALTH INC DEBT 1.250% 2/1 GH 1.25 02.15.31	GH 1.25 02.15.31	23,200	$38.3m3.67%	3.67%	New
10	SEAGATE HDD CAYMAN NOTE 3.500% 6/0 STX 3.5 06.01.28	STX 3.5 06.01.28	8,322	$37.4m3.59%	3.59%	Reduced -54.6k	-54,625 -86.8%
11	CHEFS WHSE INC NOTE 2.375%12/1 CHEF 2.375 12.15.28	CHEF 2.375 12.15.28	22,976	$33.6m3.23%	3.23%	Added +500	+500 2.2%
12	OSI SYSTEMS INC NOTE 2.250% 8/0 OSIS 2.25 08.01.29	OSIS 2.25 08.01.29	20,900	$32.1m3.09%	3.09%	Added +11.2k	+11,200 115.5%
13	WHITE MTNS INS GROUP LTD COM WTM	WTM	13,975	$31.0m2.97%	2.97%	New
14	GRANITE CONSTR INC NOTE 3.250% 6/1 GVA 3.25 06.15.30	GVA 3.25 06.15.30	15,000	$24.5m2.36%	2.36%	New
15	SNOWFLAKE INC NOTE 10/0 SNOW 0 10.01.29	SNOW 0 10.01.29	16,500	$20.0m1.92%	1.92%	Reduced -14.0k	-14,000 -45.9%
16	LCI INDS NOTE 3.000% 3/0 LCII 3 03.01.30	LCII 3 03.01.30	15,750	$18.9m1.81%	1.81%	New
17	ASCENDIS PHARMA A/S NOTE 2.250% 4/0 ASND 2.25 04.01.28	ASND 2.25 04.01.28	12,900	$18.8m1.81%	1.81%	Added +4.4k	+4,400 51.8%
18	ON SEMICONDUCTOR CORP NOTE 5/0 ON 0 05.01.27	ON 0 05.01.27	13,800	$17.3m1.66%	1.66%	Added +4.5k	+4,500 48.4%
19	LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 LYV 3.125 01.15.29	LYV 3.125 01.15.29	11,000	$16.6m1.60%	1.60%	Reduced -1.5k	-1,500 -12.0%
20	ANI PHARMACEUTICALS INC NOTE 2.250% 9/0 ANIP 2.25 09.01.29	ANIP 2.25 09.01.29	13,350	$16.5m1.58%	1.58%	Reduced -5.2k	-5,150 -27.8%
21	POST HLDGS INC NOTE 2.500% 8/1 POST 2.5 08.15.27	POST 2.5 08.15.27	14,827	$16.1m1.54%	1.54%	Added +10.5k	+10,525 244.7%
22	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 IRTC 1.5 09.01.29	IRTC 1.5 09.01.29	11,000	$12.0m1.15%	1.15%	New
23	MKS INC. NOTE 1.250% 6/0 MKSI 1.25 06.01.30	MKSI 1.25 06.01.30	6,300	$10.1m0.97%	0.97%	New
24	QNITY ELECTRONICS INC COMMON STOCK Q	Q	81,658	$9.0m0.87%	0.87%	Added +26.4k	+26,360 47.7%
25	RITHM ACQUISITION CORP CL A RAC	RAC	768,000	$8.0m0.77%	0.77%	Unchanged
26	OAKTREE ACQUISITION CORP III SHS CL A OACC	OACC	720,000	$7.6m0.73%	0.73%	Unchanged
27	AGRICULTURE & NAT SOL ACQ CO SHS CL A SHS CL A		672,000	$7.6m0.73%	0.73%	Unchanged
28	ALUSSA ENERGY ACQUISIT CORP ORD SHS CL A ALUB	ALUB	700,000	$7.0m0.67%	0.67%	New
29	WATERS CORP COM WAT	WAT	20,845	$6.2m0.60%	0.60%	New
30	BURLINGTON STORES INC NOTE 1.250%12/1 BURL 1.25 12.15.27	BURL 1.25 12.15.27	3,687	$6.0m0.58%	0.58%	Reduced -15.8k	-15,781 -81.1%
31	SOLSTICE ADVANCED MATLS INC COM SHS SOLS	SOLS	81,164	$6.0m0.57%	0.57%	Reduced -58.0k	-58,030 -41.7%
32	PENUMBRA INC COM PEN	PEN	18,147	$5.9m0.57%	0.57%	New
33	VERSANT MEDIA GROUP INC COM CL A VSNT	VSNT	152,952	$5.6m0.53%	0.53%	New
34	TRANSMEDICS GROUP INC NOTE 1.500% 6/0 TMDX 1.5 06.01.28	TMDX 1.5 06.01.28	4,000	$5.2m0.50%	0.50%	New
35	BAIN CAP GSS INVT CORP ORD CL A BCSS	BCSS	500,000	$5.0m0.48%	0.48%	Unchanged
36	LIBERTY BROADBAND CORP COM SER A LBRDA	LBRDA	101,035	$5.0m0.48%	0.48%	Added +8.9k	+8,937 9.7%
37	DUPONT DE NEMOURS INC COM DWDP	DWDP	104,826	$4.7m0.45%	0.45%	Added +24.1k	+24,125 29.9%
38	LIBERTY LIVE HOLDINGS INC COM SHS SER C LLYVK	LLYVK	48,397	$4.4m0.42%	0.42%	Unchanged
39	CENTURI HOLDINGS INC COM SHS CTRI	CTRI	154,273	$4.4m0.42%	0.42%	Reduced -63.5k	-63,527 -29.2%
40	COURSERA INC COM COUR	COUR	731,788	$4.3m0.41%	0.41%	New
41	ORMAT TECHNOLOGIES INC NOTE 2.500% 7/1 ORA 2.5 07.15.27	ORA 2.5 07.15.27	3,110	$4.1m0.39%	0.39%	Reduced -11.0k	-11,009 -78.0%
42	LAUDER ESTEE COS INC CL A EL	EL	57,824	$4.0m0.38%	0.38%	New
43	LIBERTY LIVE HOLDINGS INC COM SER A LLYVA	LLYVA	41,916	$3.7m0.36%	0.36%	Unchanged
44	SOUTHERN CO NOTE 4.500% 6/1 SO 4.5 06.15.27	SO 4.5 06.15.27	3,300	$3.7m0.35%	0.35%	New
45	MAGNUM ICE CREAM CO NV ORD SHS MICC	MICC	226,500	$3.3m0.32%	0.32%	New
46	SYNAPTICS INC NOTE 0.750%12/0 SYNA 0.75 12.01.31	SYNA 0.75 12.01.31	3,000	$3.0m0.29%	0.29%	Reduced -5.9k	-5,876 -66.2%
47	AMERICAN EXCEPTIONALISM ACQU ORD CL A AEXA	AEXA	275,000	$3.0m0.29%	0.29%	Unchanged
48	DUKE ENERGY CORP NEW NOTE 4.125% 4/1 DUK 4.125 04.15.26	DUK 4.125 04.15.26	2,600	$2.9m0.28%	0.28%	New
49	RIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 RIVN 4.625 03.15.29	RIVN 4.625 03.15.29	2,600	$2.8m0.27%	0.27%	New
50	HALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 HALO 1 08.15.28	HALO 1 08.15.28	2,100	$2.7m0.26%	0.26%	New
51	MISTER CAR WASH INC COM COM		352,529	$2.5m0.24%	0.24%	New
52	PYROPHYTE ACQUISITION CORP. CL A SHS PAII	PAII	240,000	$2.4m0.23%	0.23%	Unchanged
53	GLOBAL BUSINESS TRAVEL GROUP COM CL A COM CL A		430,176	$2.4m0.23%	0.23%	Added +286.0k	+285,973 198.3%
54	GODADDY INC CL A GDDY	GDDY	27,809	$2.3m0.22%	0.22%	New
55	AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 AKAM 1.125 02.15.29	AKAM 1.125 02.15.29	2,000	$2.3m0.22%	0.22%	New
56	RALLIANT CORP COM RAL	RAL	51,796	$2.1m0.20%	0.20%	Reduced -83.6k	-83,645 -61.8%
57	AMRIZE LTD SHS AMRZ	AMRZ	34,641	$1.9m0.18%	0.18%	Reduced -78.5k	-78,456 -69.4%
58	WEC ENERGY GROUP INC NOTE 4.375% 6/0 WEC 4.375 06.01.27	WEC 4.375 06.01.27	1,500	$1.9m0.18%	0.18%	New
59	SEMTECH CORP COM SMTC	SMTC	20,620	$1.5m0.15%	0.15%	New
60	IONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 IONS 1.75 06.15.28	IONS 1.75 06.15.28	1,000	$1.5m0.14%	0.14%	Reduced -11.8k	-11,750 -92.2%
61	JD.COM INC NOTE 0.250% 6/0 JD 0.25 06.01.29	JD 0.25 06.01.29	1,500	$1.5m0.14%	0.14%	Reduced -6.0k	-6,000 -80.0%
62	SUNBELT RENTALS HOLDINGS INC SHS SUNB	SUNB	19,438	$1.2m0.12%	0.12%	New
63	ATAIBECKLEY INC COM SHS ATAI	ATAI	295,264	$1.0m0.10%	0.10%	New
64	CHURCHILL CAP CORP XI CL A ORD SHS CCXI	CCXI	100,000	$1.0m0.10%	0.10%	New
65	KARBON CAP PARTNERS CORP ORD SHS CL A KBON	KBON	100,000	$1.0m0.10%	0.10%	New
66	GLOBAL PMTS INC NOTE 1.500% 3/0 GPN 1.5 03.01.31	GPN 1.5 03.01.31	1,000	$880.1k0.08%	0.08%	Reduced -6.0k	-6,000 -85.7%
67	MASTERBRAND INC COMMON STOCK MBC	MBC	93,024	$773.0k0.07%	0.07%	Added +38.7k	+38,699 71.2%
68	COINBASE GLOBAL INC NOTE 0.250% 4/0 COIN 0.25 04.01.30	COIN 0.25 04.01.30	800	$730.5k0.07%	0.07%	New
69	RITHM ACQUISITION CORP *W EXP 99/99/999 RAC.WS	RAC.WS	266,666	$170.7k0.02%	0.02%	Unchanged
70	OAKTREE ACQUISITION CORP III *W EXP 09/01/203 OACCW	OACCW	150,000	$112.5k0.01%	0.01%	Unchanged
71	KODIAK AI INC. *W EXP 09/25/203 KDKRW	KDKRW	100,000	$104.5k0.01%	0.01%	Unchanged
72	ALUSSA ENERGY ACQUISIT CORP *W EXP 99/99/999 ALUB.WS	ALUB.WS	233,333	$84.0k0.01%	0.01%	New
73	AGRICULTURE & NAT SOL ACQ CO W EXP 10/01/202 W EXP 10/01/202		350,000	$70.0k0.01%	0.01%	Unchanged
74	BAIN CAP GSS INVT CORP *W EXP 01/01/202 BCSS.WS	BCSS.WS	100,000	$62.0k0.01%	0.01%	Unchanged
75	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	1,155	$57.2k0.01%	0.01%	Unchanged
76	PYROPHYTE ACQUISITION CORP. *W EXP 07/30/203 PAII.WS	PAII.WS	125,000	$43.8k0.00%	0.00%	Unchanged
77	KARBON CAP PARTNERS CORP *W EXP 12/11/203 KBONW	KBONW	25,000	$12.9k0.00%	0.00%	New
78	BLACKSKY TECHNOLOGY INC W EXP 09/09/202 W EXP 09/09/202		237,226	$9.5k0.00%	0.00%	Unchanged
79	CHURCHILL CAP CORP XI *W EXP 12/10/203 CCXIW	CCXIW	10,000	$8.2k0.00%	0.00%	New
80	FTAC EMERALD ACQUISITION COR *W EXP 10/19/202 FLDDW	FLDDW	72,260	$7.9k0.00%	0.00%	Unchanged
81	LOTUS TECHNOLOGY INC *W EXP 02/22/202 LOTWW	LOTWW	91,666	$6.4k0.00%	0.00%	Unchanged
82	GCT SEMICONDUCTOR HLDG INC *W EXP 03/01/202 GCTS.WS	GCTS.WS	25,000	$4.7k0.00%	0.00%	Unchanged
83	LANVIN GROUP HOLDINGS LIMITE *W EXP 01/14/202 LANWF	LANWF	62,500	$6870.00%	0.00%	Unchanged
84	ORIGIN MATERIALS INC W EXP 06/25/202 W EXP 06/25/202		76,667	$1910.00%	0.00%	Unchanged

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
BLACKSTONE INC BX	BX	265,000	$41.0m265.0k shares
APPLE INC AAPL	AAPL	119,000	$32.5m119.0k shares
BOX INC BOX 0 01.15.26	BOX 0 01.15.26	27,237	$32.1m27.2k shares
INTEL CORP INTC	INTC	730,000	$27.2m730.0k shares
COSTCO WHSL CORP NEW COST	COST	30,000	$26.0m30.0k shares
AVIDITY BIOSCIENCES INC RNA	RNA	328,204	$23.7m328.2k shares
CYBERARK SOFTWARE LTD CYBR	CYBR	50,226	$22.7m50.2k shares
AXALTA COATING SYS LTD AXTA	AXTA	639,885	$21.0m639.9k shares
CLOUDFLARE INC NET 0 08.15.26	NET 0 08.15.26	15,000	$17.7m15.0k shares
SPOTIFY USA INC SPOT 0 03.15.26	SPOT 0 03.15.26	13,500	$15.3m13.5k shares
MICROSOFT CORP MSFT	MSFT	30,000	$14.6m30.0k shares
NVIDIA CORPORATION NVDA	NVDA	70,000	$13.1m70.0k shares
KLA CORP KLAC	KLAC	10,000	$12.5m10.0k shares
GRANITE CONSTR INC GVA 3.75 05.15.28	GVA 3.75 05.15.28	4,820	$12.4m4.8k shares
AMAZON COM INC AMZN	AMZN	50,000	$11.6m50.0k shares
TESLA INC TSLA	TSLA	25,000	$11.4m25.0k shares
DATADOG INC DDOG 0 12.01.29	DDOG 0 12.01.29	11,195	$11.2m11.2k shares
NEWMONT CORP NEM	NEM	110,000	$11.2m110.0k shares
SCHWAB CHARLES CORP SCHW	SCHW	110,000	$11.1m110.0k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	60,000	$10.9m60.0k shares
COLLEGIUM PHARMACEUTICAL INC COLL 2.875 02.15.29	COLL 2.875 02.15.29	7,500	$10.8m7.5k shares
JOHNSON & JOHNSON JNJ	JNJ	50,000	$10.3m50.0k shares
HOLOGIC INC HOLX	HOLX	117,910	$8.8m117.9k shares
SNAP INC SNAP 0.5 05.01.30	SNAP 0.5 05.01.30	10,000	$8.8m10.0k shares
ALIBABA GROUP HLDG LTD BABA 0.5 06.01.31	BABA 0.5 06.01.31	5,000	$7.8m5.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	1,125	$16.3m1.1k shares	New
LIONSGATE STUDIOS CORP LION · Call	LION	Call	5,527	$770.6k5.5k shares	Added
CBOE GLOBAL MKTS INC CBOE · Put	CBOE	Put	11,151	$263.9k11.2k shares	Added
ISHARES TR Put		Put	500	$15.0k500 shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	1,125	$301.1k shares	Reduced