Fore Capital, LLC

New York, NY · CIK 1714672 · 13F filing filed 2023-08-09

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 entityFORE CAPITAL, LLC (US)

$55.8m reported value -13.2% vs Q1 2023

14positions

98.0%in top 10

1 new 2 added 2 reduced 4 sold out vs Q1 2023

Options: 3 call positions ($5.9m notional), 10 put positions ($157.3m notional) – listed below, not included above.

Holdings, Q2 2023

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	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	10,000,000	$18.4m32.98%	32.98%	Unchanged
2	LI AUTO INC NOTE 0.250% 5/0 · principal LI 0.25 05.01.28 · principal	LI 0.25 05.01.28	8,000,000	$10.9m19.60%	19.60%	Added +3.0m	+3,000,000 60.0%
3	ETSY INC NOTE 0.125%10/0 · principal ETSY 0.125 10.01.26 · principal	ETSY 0.125 10.01.26	8,000,000	$9.5m17.02%	17.02%	Unchanged
4	ROYAL CARIBBEAN GROUP NOTE 2.875%11/1 · principal RCL 2.875 11.15.23 · principal	RCL 2.875 11.15.23	3,292,000	$4.2m7.58%	7.58%	Unchanged
5	LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 · principal LILAK 2 07.15.24 · principal	LILAK 2 07.15.24	3,000,000	$2.9m5.11%	5.11%	Unchanged
6	BOX INC NOTE 1/1 · principal BOX 0 01.15.26 · principal	BOX 0 01.15.26	2,000,000	$2.5m4.47%	4.47%	Unchanged
7	LENDINGTREE INC NOTE 0.500% 7/1 · principal TREE 0.5 07.15.25 · principal	TREE 0.5 07.15.25	3,000,000	$2.3m4.19%	4.19%	Unchanged
8	CABLE ONE INC NOTE 3/1 · principal CABO 0 03.15.26 · principal	CABO 0 03.15.26	2,000,000	$1.6m2.95%	2.95%	Reduced -2.0m	-2,000,000 -50.0%
9	WOLFSPEED INC NOTE 0.250% 2/1 · principal WOLF 0.25 02.15.28 · principal	WOLF 0.25 02.15.28	2,000,000	$1.5m2.76%	2.76%	New
10	SILICOM LTD ORD SILC	SILC	20,000	$737.2k1.32%	1.32%	Added +10.0k	+10,000 100.0%
11	PRECIGEN INC COM PGEN	PGEN	490,000	$563.5k1.01%	1.01%	Unchanged
12	DROPBOX INC NOTE 3/0 · principal DBX 0 03.01.28 · principal	DBX 0 03.01.28	500,000	$480.8k0.86%	0.86%	Unchanged
13	TRILOGY METALS INC NEW COM TMQ	TMQ	100,000	$59.4k0.11%	0.11%	Unchanged
14	BIOMERICA INC COM NEW BMRA	BMRA	20,682	$28.1k0.05%	0.05%	Reduced -29.0k	-28,998 -58.4%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
PALO ALTO NETWORKS INC PANW 0.375 06.01.25	PANW 0.375 06.01.25	5,000,000	$10.1m5.0m shares
SILICON LABORATORIES INC SLAB 0.625 06.15.25	SLAB 0.625 06.15.25	2,425,000	$3.6m2.4m shares
CABLE ONE INC CABO 1.125 03.15.28	CABO 1.125 03.15.28	2,000,000	$1.5m2.0m shares
U HAUL HOLDING COMPANY UHAL	UHAL	5,000	$298.2k5.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	161,000	$59.5m161.0k shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	85,000	$37.7m85.0k shares	Reduced
ISHARES TR HYG · Put	HYG	Put	310,000	$23.3m310.0k shares	New
APPLE INC AAPL · Put	AAPL	Put	54,000	$10.5m54.0k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	20,000	$8.5m20.0k shares	Reduced
MICROSOFT CORP MSFT · Put	MSFT	Put	20,000	$6.8m20.0k shares	New
SCHWAB CHARLES CORP SCHW · Put	SCHW	Put	85,000	$4.8m85.0k shares	New
VANECK ETF TRUST SMH · Put	SMH	Put	25,000	$3.8m25.0k shares	New
ISHARES SILVER TR SLV · Call	SLV	Call	170,000	$3.6m170.0k shares	Unchanged
ON SEMICONDUCTOR CORP ON · Call	ON	Call	20,000	$1.9m20.0k shares	New
META PLATFORMS INC META · Put	META	Put	5,000	$1.4m5.0k shares	Reduced
LENDINGTREE INC NEW TREE · Put	TREE	Put	50,000	$1.1m50.0k shares	New
LENDINGTREE INC NEW TREE · Call	TREE	Call	20,000	$442.2k20.0k shares	New