DeepCurrents Investment Group LLC

NEW YORK, NY · CIK 1754535 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2017 · limited liability company

Assets managed$4.6bn
Staff12 · 6 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $3.5bn gross assets
Websitedeepcurrentsinvestment.com
Form ADV · 2026-03-31SEC adviser record

Legal entityDEEPCURRENTS INVESTMENT GROUP LLC (US)

$2.9bn reported value +19.9% vs Q1 2026

103positions

33.7%in top 10

33 new 27 added 16 reduced 29 sold out vs Q1 2026

Options: 26 call positions ($207.6m notional), 14 put positions ($177.9m notional) – listed below, not included above.

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

Verition Fund Management LLC – files its own report too; $77.0m of shares are in both

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	INTERDIGITAL INC NOTE 3.500% 6/0 · principal IDCC 3.5 06.01.27 · principal	IDCC 3.5 06.01.27	41,800,000	$153.2m5.25%	5.25%	Unchanged
2	APPLIED DIGITAL CORP NOTE 2.750% 6/0 · principal APLD 2.75 06.01.30 · principal	APLD 2.75 06.01.30	35,000,000	$139.2m4.77%	4.77%	New
3	REPLIGEN CORP NOTE 1.000%12/1 · principal RGEN 1 12.15.28 · principal	RGEN 1 12.15.28	94,439,000	$96.8m3.32%	3.32%	Unchanged
4	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	31,035,000	$91.6m3.14%	3.14%	Added +4.0m	+4,000,000 14.8%
5	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.27 · principal	SNOW 0 10.01.27	55,000,000	$91.6m3.14%	3.14%	Added +13.0m	+13,000,000 30.9%
6	BRIDGEBIO PHARMA INC NOTE 2.500% 3/1 · principal BBIO 2.5 03.15.27 · principal	BBIO 2.5 03.15.27	50,245,000	$89.7m3.08%	3.08%	Added +40.7m	+40,745,000 428.9%
7	CLOUDFLARE INC NOTE 8/1 · principal NET 0 08.15.26 · principal	NET 0 08.15.26	69,601,000	$89.6m3.07%	3.07%	Reduced -500.0k	-500,000 -0.7%
8	DRAFTKINGS INC NEW NOTE 3/1 · principal DKNG 0 03.15.28 · principal	DKNG 0 03.15.28	85,982,000	$80.2m2.75%	2.75%	Added +8.8m	+8,818,000 11.4%
9	ALIGNMENT HEALTHCARE INC NOTE 4.250%11/1 · principal ALHC 4.25 11.15.29 · principal	ALHC 4.25 11.15.29	45,750,000	$78.7m2.70%	2.70%	Added +17.5m	+17,500,000 62.0%
10	TELADOC HEALTH INC NOTE 1.250% 6/0 · principal TDOC 1.25 06.01.27 · principal	TDOC 1.25 06.01.27	73,000,000	$71.0m2.44%	2.44%	Added +18.0m	+18,000,000 32.7%
11	XOMETRY INC NOTE 0.750% 6/1 · principal XMTR 0.75 06.15.30 · principal	XMTR 0.75 06.15.30	31,500,000	$70.1m2.40%	2.40%	New
12	WORKIVA INC NOTE 1.250% 8/1 · principal WK 1.25 08.15.28 · principal	WK 1.25 08.15.28	70,700,000	$66.3m2.27%	2.27%	Unchanged
13	UPWORK INC NOTE 0.250% 8/1 · principal UPWK 0.25 08.15.26 · principal	UPWK 0.25 08.15.26	63,286,000	$62.8m2.16%	2.16%	Added +10.0m	+10,000,000 18.8%
14	LANTHEUS HLDGS INC NOTE 2.625%12/1 · principal LNTH 2.625 12.15.27 · principal	LNTH 2.625 12.15.27	41,000,000	$60.1m2.06%	2.06%	Added +10.5m	+10,500,000 34.4%
15	TRANSMEDICS GROUP INC NOTE 1.500% 6/0 · principal TMDX 1.5 06.01.28 · principal	TMDX 1.5 06.01.28	54,174,000	$58.8m2.02%	2.02%	Added +23.4m	+23,350,000 75.8%
16	CHEFS WHSE INC NOTE 2.375%12/1 · principal CHEF 2.375 12.15.28 · principal	CHEF 2.375 12.15.28	23,673,000	$52.8m1.81%	1.81%	Unchanged
17	SOLAREDGE TECHNOLOGIES INC NOTE 2.250% 7/0 · principal SEDG 2.25 07.01.29 · principal	SEDG 2.25 07.01.29	26,734,000	$51.5m1.77%	1.77%	Added +20.1m	+20,132,000 304.9%
18	ETSY INC NOTE 0.125%10/0 · principal ETSY 0.125 10.01.26 · principal	ETSY 0.125 10.01.26	50,248,000	$51.1m1.75%	1.75%	Added +9.3m	+9,300,000 22.7%
19	STRATEGY INC NOTE 0.625% 9/1 · principal MSTR 0.625 09.15.28 · principal	MSTR 0.625 09.15.28	49,655,000	$50.8m1.74%	1.74%	Unchanged
20	GUARDANT HEALTH INC NOTE 11/1 · principal GH 0 11.15.27 · principal	GH 0 11.15.27	40,285,000	$50.1m1.72%	1.72%	New
21	RIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 · principal RIVN 3.625 10.15.30 · principal	RIVN 3.625 10.15.30	45,529,000	$48.7m1.67%	1.67%	Added +2.5m	+2,500,000 5.8%
22	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	25,150,000	$45.8m1.57%	1.57%	New
23	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal	IRTC 1.5 09.01.29	38,500,000	$42.5m1.46%	1.46%	Added +4.0m	+4,000,000 11.6%
24	SEA LTD NOTE 0.250% 9/1 · principal SEALTD 0.25 09.15.26 · principal	SEALTD 0.25 09.15.26	42,500,000	$42.1m1.44%	1.44%	Unchanged
25	BILL HOLDINGS INC NOTE 4/0 · principal BILL 0 04.01.30 · principal	BILL 0 04.01.30	48,400,000	$41.9m1.44%	1.44%	Added +26.5m	+26,500,000 121.0%
26	GAMESTOP CORP NOTE 4/0 · principal GME 0 04.01.30 · principal	GME 0 04.01.30	40,480,000	$41.4m1.42%	1.42%	New
27	AMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 · principal AMPH 2 03.15.29 · principal	AMPH 2 03.15.29	45,016,000	$41.0m1.41%	1.41%	New
28	RAPID7 INC NOTE 0.250% 3/1 · principal RPD 0.25 03.15.27 · principal	RPD 0.25 03.15.27	42,500,000	$40.9m1.40%	1.40%	Unchanged
29	LITHIUM ARGENTINA AG NOTE 1.750% 1/1 · principal LARCN 1.75 01.15.27 · principal	LARCN 1.75 01.15.27	40,538,000	$40.0m1.37%	1.37%	Added +18.9m	+18,883,000 87.2%
30	STRIDE INC NOTE 1.125% 9/0 · principal LRN 1.125 09.01.27 · principal	LRN 1.125 09.01.27	23,098,000	$39.0m1.34%	1.34%	Added +98.0k	+98,000 0.4%
31	MAKEMYTRIP LIMITED MAURITIUS NOTE 2/1 · principal MMYT 0 02.15.28 · principal	MMYT 0 02.15.28	24,676,000	$37.7m1.29%	1.29%	Unchanged
32	JOBY AVIATION INC NOTE 0.750% 2/1 · principal JOBY 0.75 02.15.32 · principal	JOBY 0.75 02.15.32	39,500,000	$36.0m1.24%	1.24%	Added +1.0m	+1,000,000 2.6%
33	SHAKE SHACK INC NOTE 3/0 · principal SHAK 0 03.01.28 · principal	SHAK 0 03.01.28	38,269,000	$35.5m1.22%	1.22%	Unchanged
34	RIOT PLATFORMS INC NOTE 0.750% 1/1 · principal RIOT 0.75 01.15.30 · principal	RIOT 0.75 01.15.30	17,413,000	$35.1m1.20%	1.20%	New
35	UGI CORP NEW NOTE 5.000% 6/0 · principal UGI 5 06.01.28 · principal	UGI 5 06.01.28	25,000,000	$33.5m1.15%	1.15%	New
36	SHIFT4 PMTS INC NOTE 0.500% 8/0 · principal FOUR 0.5 08.01.27 · principal	FOUR 0.5 08.01.27	31,842,000	$30.4m1.04%	1.04%	Added +27.5m	+27,500,000 633.4%
37	HERBALIFE LTD NOTE 4.250% 6/1 · principal HLF 4.25 06.15.28 · principal	HLF 4.25 06.15.28	25,948,000	$30.0m1.03%	1.03%	Unchanged
38	WOLFSPEED INC NOTE 2.500% 6/1 · principal WOLF 2.5 06.15.31 · principal	WOLF 2.5 06.15.31	7,530,000	$29.6m1.02%	1.02%	Unchanged
39	ALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 · principal ALNY 1 09.15.27 · principal	ALNY 1 09.15.27	24,000,000	$28.9m0.99%	0.99%	Unchanged
40	DEXCOM INC NOTE 0.375% 5/1 · principal DXCM 0.375 05.15.28 · principal	DXCM 0.375 05.15.28	30,750,000	$28.7m0.98%	0.98%	Reduced -5.0m	-5,000,000 -14.0%
41	MARA HOLDINGS INC NOTE 3/0 · principal MARA 0 03.01.30 · principal	MARA 0 03.01.30	28,500,000	$28.7m0.98%	0.98%	New
42	NUTANIX INC NOTE 0.250%10/0 · principal NTNX 0.25 10.01.27 · principal	NTNX 0.25 10.01.27	24,171,000	$27.3m0.94%	0.94%	Added +7.8m	+7,767,000 47.4%
43	SITIME CORP NOTE 6/1 · principal SITM 0 06.15.31 · principal	SITM 0 06.15.31	23,500,000	$26.1m0.89%	0.89%	New
44	PTC THERAPEUTICS INC NOTE 1.500% 9/1 · principal PTCT 1.5 09.15.26 · principal	PTCT 1.5 09.15.26	16,343,000	$25.5m0.87%	0.87%	Reduced -2.1m	-2,058,000 -11.2%
45	REDFIN CORP NOTE 0.500% 4/0 · principal RDFN 0.5 04.01.27 · principal	RDFN 0.5 04.01.27	26,000,000	$25.1m0.86%	0.86%	Unchanged
46	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	50,000	$23.9m0.82%	0.82%	New
47	ENOVIS CORPORATION NOTE 3.875%10/1 · principal ENOV 3.875 10.15.28 · principal	ENOV 3.875 10.15.28	24,500,000	$23.5m0.81%	0.81%	Unchanged
48	ARROWHEAD PHARMACEUTICALS IN NOTE 1/1 · principal ARWR 0 01.15.32 · principal	ARWR 0 01.15.32	19,000,000	$22.8m0.78%	0.78%	New
49	TETRA TECH INC NEW DBCV 2.250% 8/1 · principal TTEK 2.25 08.15.28 · principal	TTEK 2.25 08.15.28	21,360,000	$22.5m0.77%	0.77%	Reduced -3.0m	-3,000,000 -12.3%
50	EVOLENT HEALTH INC NOTE 3.500%12/0 · principal EVH 3.5 12.01.29 · principal	EVH 3.5 12.01.29	29,987,000	$22.4m0.77%	0.77%	Added +5.8m	+5,819,000 24.1%
51	FASTLY INC NOTE 7.750% 6/0 · principal FSLY 7.75 06.01.28 · principal	FSLY 7.75 06.01.28	15,250,000	$22.2m0.76%	0.76%	Added +250.0k	+250,000 1.7%
52	BLACKLINE INC NOTE 1.000% 6/0 · principal BL 1 06.01.29 · principal	BL 1 06.01.29	23,612,000	$21.7m0.74%	0.74%	Added +5.0m	+5,000,000 26.9%
53	THE REALREAL INC DEBT 4.000% 2/1 · principal REAL 4 02.15.31 · principal	REAL 4 02.15.31	14,768,000	$20.8m0.71%	0.71%	Unchanged
54	JAZZ PHARMACEUTICALS PLC SHS USD JAZZ	JAZZ	79,900	$19.3m0.66%	0.66%	Added +8.3k	+8,264 11.5%
55	OMEROS CORP NOTE 9.500% 6/1 · principal OMER 9.5 06.15.29 · principal	OMER 9.5 06.15.29	9,864,000	$18.4m0.63%	0.63%	Reduced -6.0m	-6,000,000 -37.8%
56	TANDEM DIABETES CARE INC NOTE 1.500% 3/1 · principal TNDM 1.5 03.15.29 2024 · principal	TNDM 1.5 03.15.29 2024	17,804,000	$16.9m0.58%	0.58%	Reduced -1.5m	-1,500,000 -7.8%
57	NIO INC NOTE 4.625%10/1 · principal NIO 4.625 10.15.30 · principal	NIO 4.625 10.15.30	16,732,000	$16.7m0.57%	0.57%	Unchanged
58	SAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 · principal SRPT 1.25 09.15.27 · principal	SRPT 1.25 09.15.27	17,245,000	$16.1m0.55%	0.55%	New
59	PAGERDUTY INC NOTE 1.500%10/1 · principal PD 1.5 10.15.28 * · principal	PD 1.5 10.15.28 *	16,000,000	$15.0m0.52%	0.52%	Unchanged
60	TILRAY BRANDS INC NOTE 5.200% 6/1 · principal TLRY 5.2 06.15.27 · principal	TLRY 5.2 06.15.27	13,050,000	$13.1m0.45%	0.45%	Reduced -12.0m	-12,000,000 -47.9%
61	FLUENCE ENERGY INC NOTE 2.250% 6/1 · principal FLNC 2.25 06.15.30 · principal	FLNC 2.25 06.15.30	10,000,000	$12.9m0.44%	0.44%	Reduced -5.0m	-5,000,000 -33.3%
62	VIRIDIAN THERAPEUTICS INC NOTE 1.750% 5/1 · principal VRDN 1.75 05.15.32 · principal	VRDN 1.75 05.15.32	11,960,000	$12.8m0.44%	0.44%	New
63	PAGAYA U S HLDG CO LLC NOTE 6.125%10/0 · principal PGY 6.125 10.01.29 · principal	PGY 6.125 10.01.29	8,000,000	$12.7m0.44%	0.44%	Unchanged
64	COINBASE GLOBAL INC NOTE 0.250% 4/0 · principal COIN 0.25 04.01.30 · principal	COIN 0.25 04.01.30	14,000,000	$12.6m0.43%	0.43%	Reduced -2.5m	-2,500,000 -15.2%
65	SUPER MICRO COMPUTER INC NOTE 3.500% 3/0 · principal SMCI 3.5 03.01.29 · principal	SMCI 3.5 03.01.29	13,500,000	$12.4m0.43%	0.43%	Unchanged
66	BIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 · principal BMRN 1.25 05.15.27 · principal	BMRN 1.25 05.15.27	10,000,000	$9.7m0.33%	0.33%	Unchanged
67	PAR TECHNOLOGY CORP NOTE 1.500%10/1 · principal PAR 1.5 10.15.27 · principal	PAR 1.5 10.15.27	9,758,000	$9.3m0.32%	0.32%	Unchanged
68	VNET GROUP INC NOTE 2.000%10/0 · principal VNET 2 10.01.27 · principal	VNET 2 10.01.27	7,500,000	$8.7m0.30%	0.30%	New
69	TRAVERE THERAPEUTICS INC NOTE 0.500% 5/1 · principal TVTX 0.5 05.15.32 · principal	TVTX 0.5 05.15.32	7,300,000	$8.6m0.29%	0.29%	New
70	MACOM TECH SOLUTIONS HLDGS I NOTE 12/1 · principal MTSI 0 12.15.29 · principal	MTSI 0 12.15.29	3,500,000	$8.1m0.28%	0.28%	New
71	GROUPON INC NOTE 6.250% 3/1 · principal GRPN 6.25 03.15.27 * · principal	GRPN 6.25 03.15.27 *	6,996,000	$7.9m0.27%	0.27%	Unchanged
72	ALPHATEC HLDGS INC NOTE 0.750% 8/0 · principal ATEC 0.75 08.01.26 · principal	ATEC 0.75 08.01.26	7,433,000	$7.4m0.25%	0.25%	Unchanged
73	NEWS CORP NEW CL A NWSA	NWSA	243,695	$6.1m0.21%	0.21%	Reduced -123.8k	-123,798 -33.7%
74	GOSSAMER BIO INC COM GOSS	GOSS	37,665,073	$6.0m0.21%	0.21%	New
75	ALKAMI TECHNOLOGY INC NOTE 1.500% 3/1 · principal ALKTEC 1.5 03.15.30 · principal	ALKTEC 1.5 03.15.30	6,100,000	$5.9m0.20%	0.20%	Reduced -5.0m	-5,000,000 -45.0%
76	PEABODY ENGR CORP NOTE 3.250% 3/0 · principal BTU 3.25 03.01.28 · principal	BTU 3.25 03.01.28	4,170,000	$5.6m0.19%	0.19%	Reduced -23.6m	-23,630,000 -85.0%
77	BCE INC COM NEW BCE	BCE	168,318	$3.6m0.12%	0.12%	New
78	NEOGENOMICS INC NOTE 0.250% 1/1 · principal NEO 0.25 01.15.28 · principal	NEO 0.25 01.15.28	3,780,000	$3.6m0.12%	0.12%	Reduced -9.2m	-9,220,000 -70.9%
79	IONIS PHARMACEUTICALS INC COM IONS	IONS	36,212	$2.9m0.10%	0.10%	Added +8.8k	+8,790 32.0%
80	PORCH GROUP INC DEBT 9.000% 5/1 · principal PRCH 9 05.15.30 · principal	PRCH 9 05.15.30	1,830,000	$2.7m0.09%	0.09%	Reduced -6.0m	-6,020,000 -76.7%
81	NIO INC NOTE 3.875%10/1 · principal NIO 3.875 10.15.29 · principal	NIO 3.875 10.15.29	2,500,000	$2.5m0.09%	0.09%	New
82	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	119,222	$2.5m0.09%	0.09%	New
83	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	64,746	$2.2m0.07%	0.07%	New
84	UPSTART HLDGS INC NOTE 0.250% 8/1 · principal UPST 0.25 08.15.26 · principal	UPST 0.25 08.15.26	2,000,000	$2.0m0.07%	0.07%	Unchanged
85	SPDR GOLD TR GOLD SHS GLD	GLD	5,309	$2.0m0.07%	0.07%	Added +2.3k	+2,309 77.0%
86	PTC THERAPEUTICS INC COM PTCT	PTCT	20,696	$1.7m0.06%	0.06%	New
87	NUVATION BIO INC NOTE 0.750% 7/0 · principal NUVB 0.75 07.01.32 · principal	NUVB 0.75 07.01.32	1,500,000	$1.6m0.05%	0.05%	New
88	SELECT SECTOR SPDR TR ENERGY XLE	XLE	27,185	$1.4m0.05%	0.05%	New
89	ALPHABET INC CAP STK CL A GOOGL	GOOGL	3,635	$1.3m0.04%	0.04%	New
90	CARDLYTICS INC NOTE 4.250% 4/0 · principal CDLX 4.25 04.01.29 · principal	CDLX 4.25 04.01.29	4,435,000	$1.2m0.04%	0.04%	Unchanged
91	CLIMB BIO INC COM CLYM	CLYM	64,286	$838.3k0.03%	0.03%	New
92	BOEING CO COM BA	BA	3,791	$820.6k0.03%	0.03%	Reduced -67	-67 -1.7%
93	SOLID BIOSCIENCES INC COM NEW SLDB	SLDB	59,173	$591.1k0.02%	0.02%	New
94	PAR TECHNOLOGY CORP COM PAR	PAR	32,464	$565.5k0.02%	0.02%	New
95	DEFI DEVELOPMENT CORP COM DFDV	DFDV	152,257	$447.6k0.02%	0.02%	Unchanged
96	ARRIVENT BIOPHARMA INC COM AVBP	AVBP	11,227	$390.0k0.01%	0.01%	New
97	BEYOND MEAT INC DEBT 7.000%10/1 · principal BYND 7 10.15.30 · principal	BYND 7 10.15.30	493,016	$338.6k0.01%	0.01%	Reduced -12.2m	-12,168,984 -96.1%
98	CG ONCOLOGY INC COM CGON	CGON	4,133	$293.6k0.01%	0.01%	New
99	OCCIDENTAL PETE CORP COM OXY	OXY	5,747	$279.1k0.01%	0.01%	Added +2.6k	+2,572 81.0%
100	FEDEX CORP COM FDX	FDX	827	$259.0k0.01%	0.01%	Unchanged

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	49,894,000	$73.3m49.9m shares
COINBASE GLOBAL INC COIN 0.5 06.01.26	COIN 0.5 06.01.26	58,884,000	$58.4m58.9m shares
CONMED CORP CNMD 2.25 06.15.27	CNMD 2.25 06.15.27	50,952,000	$49.5m51.0m shares
APELLIS PHARMACEUTICALS INC APLS 3.5 09.15.26	APLS 3.5 09.15.26	44,494,000	$47.2m44.5m shares
TOPGOLF CALLAWAY BRANDS CORP CALY 2.75 05.01.26	CALY 2.75 05.01.26	45,783,000	$45.8m45.8m shares
Q2 HLDGS INC QTWO 0.75 06.01.26	QTWO 0.75 06.01.26	32,500,000	$32.3m32.5m shares
AFFIRM HLDGS INC AFRM 0 11.15.26	AFRM 0 11.15.26	28,167,000	$27.3m28.2m shares
LI AUTO INC LI 0.25 05.01.28	LI 0.25 05.01.28	26,015,000	$26.0m26.0m shares
PROGRESS SOFTWARE CORP PRGS 1 04.15.26	PRGS 1 04.15.26	25,275,000	$25.2m25.3m shares
IRONWOOD PHARMACEUTICALS INC IRWD 1.5 06.15.26	IRWD 1.5 06.15.26	25,500,000	$25.1m25.5m shares
WAYFAIR INC W 3.25 09.15.27	W 3.25 09.15.27	17,320,000	$23.4m17.3m shares
BENTLEY SYS INC BSY 0.375 07.01.27	BSY 0.375 07.01.27	18,500,000	$17.6m18.5m shares
CELCUITY INC CELC 2.75 08.01.31	CELC 2.75 08.01.31	6,000,000	$14.7m6.0m shares
GOSSAMER BIO INC GOSS 5 06.01.27	GOSS 5 06.01.27	29,860,000	$11.8m29.9m shares
BLOCK INC XYZ 0.25 11.01.27	XYZ 0.25 11.01.27	10,400,000	$9.8m10.4m shares
CHEESECAKE FACTORY INC CAKE 0.375 06.15.26	CAKE 0.375 06.15.26	9,491,000	$9.4m9.5m shares
NUTANIX INC NTNX 0.5 12.15.29	NTNX 0.5 12.15.29	8,404,000	$7.6m8.4m shares
STRATEGY INC MSTR 0 12.01.29	MSTR 0 12.01.29	7,000,000	$5.9m7.0m shares
BANDWIDTH INC BAND 0.5 04.01.28	BAND 0.5 04.01.28	5,750,000	$5.2m5.8m shares
ISHARES TR EFA	EFA	50,000	$4.9m50.0k shares
ADVANCED ENERGY INDS AEIS 2.5 09.15.28	AEIS 2.5 09.15.28	1,335,000	$3.2m1.3m shares
INOTIV INC NOTV 3.25 10.15.27	NOTV 3.25 10.15.27	8,455,000	$2.0m8.5m shares
CIRCLE INTERNET GROUP INC CRCL	CRCL	14,000	$1.3m14.0k shares
ECHOSTAR CORP ECHO	ECHO	8,000	$936.6k8.0k shares
MICROSTRATEGY INC MSTR	MSTR	6,363	$794.1k6.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR GOLD TR GLD · Call	GLD	Call	1,300	$47.9m1.3k shares	New
ISHARES TR IWM · Put	IWM	Put	1,288	$38.7m1.3k shares	Added
ISHARES TR TLT · Call	TLT	Call	2,500	$21.6m2.5k shares	Unchanged
VANECK ETF TRUST SMH · Put	SMH	Put	300	$19.7m300 shares	New
CARVANA CO CVNA · Put	CVNA	Put	2,896	$19.1m2.9k shares	New
IREN LIMITED IREN · Put	IREN	Put	4,000	$18.3m4.0k shares	New
ISHARES ETHEREUM TR ETHA · Put	ETHA	Put	13,602	$16.2m13.6k shares	New
ISHARES BITCOIN TRUST ETF IBIT · Put	IBIT	Put	4,600	$15.3m4.6k shares	New
BITDEER TECHNOLOGIES GROUP BTDR · Call	BTDR	Call	9,502	$15.1m9.5k shares	New
SPDR SER TR XBI · Put	XBI	Put	875	$13.8m875 shares	Added
ECHOSTAR CORP ECHO · Call	ECHO	Call	1,200	$12.2m1.2k shares	New
SPDR SER TR KRE · Put	KRE	Put	1,500	$11.2m1.5k shares	New
GALAXY DIGITAL INC. GLXY · Call	GLXY	Call	4,000	$10.9m4.0k shares	New
EQT CORP EQT · Call	EQT	Call	2,000	$10.6m2.0k shares	New
AEVA TECHNOLOGIES INC AEVA · Call	AEVA	Call	3,638	$10.4m3.6k shares	New
DEVON ENERGY CORP NEW DVN · Call	DVN	Call	2,500	$10.3m2.5k shares	New
CIPHER MINING INC CIFR · Call	CIFR	Call	4,000	$9.8m4.0k shares	New
KRANESHARES TRUST KWEB · Call	KWEB	Call	4,000	$9.8m4.0k shares	Added
ANTERO RESOURCES CORP AR · Call	AR	Call	2,648	$9.3m2.6k shares	New
NETFLIX INC NFLX · Call	NFLX	Call	1,000	$7.1m1.0k shares	Reduced
HIMS & HERS HEALTH INC HIMS · Call	HIMS	Call	2,000	$6.9m2.0k shares	New
SELECT SECTOR SPDR TR XLE · Put	XLE	Put	1,299	$6.9m1.3k shares	New
SPDR INDEX SHS FDS FEZ · Put	FEZ	Put	1,000	$6.9m1.0k shares	Unchanged
TERAWULF INC WULF · Put	WULF	Put	2,256	$5.6m2.3k shares	New
AST SPACEMOBILE INC ASTS · Call	ASTS	Call	600	$5.3m600 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
GOSSAMER BIO INC GOSS · 13G · filed 2026-06-11	GOSS	7.7%≈ $6.2m	new	13G	2026-06-11