Shaolin Capital Management LLC

Miami, FL · CIK 1766806 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2019 · limited liability company

Assets managed$3.9bn
Staff14 · 7 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $1.7bn gross assets
Websiteshaolincapital.com
Form ADV · 2026-03-31SEC adviser record

$1.8bn reported value -26.2% vs Q1 2026

546positions

41.6%in top 10

143 new 126 added 265 reduced 80 sold out vs Q1 2026

Options: 0 call positions (— notional), 8 put positions ($333.6m 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	GAMESTOP CORP NOTE 6/1 · principal GME 0 06.15.32 · principal	GME 0 06.15.32	195,701	$199.0m11.28%	11.28%	New
2	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	1,600,000	$97.4m5.52%	5.52%	Reduced -900.0k	-900,000 -36.0%
3	PINNACLE WEST CAP CORP NOTE 4.750% 6/1 · principal PNW 4.75 06.15.27 · principal	PNW 4.75 06.15.27	78,787	$94.1m5.34%	5.34%	Reduced -5.7k	-5,713 -6.8%
4	TXNM ENERGY INC NOTE 5.750% 6/0 · principal TXNM 5.75 06.01.54 · principal	TXNM 5.75 06.01.54	57,300	$74.8m4.24%	4.24%	Added +1.1k	+1,077 1.9%
5	WOLFSPEED INC NOTE 2.500% 6/1 · principal WOLF 2.5 06.15.31 · principal	WOLF 2.5 06.15.31	16,670	$65.7m3.73%	3.73%	Added +10.8k	+10,822 185.1%
6	KKR & CO INC COM KKR	KKR	547,215	$50.2m2.85%	2.85%	Added +195.2k	+195,215 55.5%
7	STRATEGY INC NOTE 0.625% 3/1 · principal MSTR 0.625 03.15.30 · principal	MSTR 0.625 03.15.30	46,500	$47.7m2.70%	2.70%	Reduced -18.5k	-18,500 -28.5%
8	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	532,444	$36.1m2.04%	2.04%	Reduced -28.7k	-28,672 -5.1%
9	STRATEGY INC NOTE 3/0 · principal MSTR 0 03.01.30 · principal	MSTR 0 03.01.30	40,000	$35.5m2.01%	2.01%	Added +22.5k	+22,500 128.6%
10	NORTHERN OIL & GAS INC NOTE 3.625% 4/1 · principal NOG 3.625 04.15.29 · principal	NOG 3.625 04.15.29	33,425	$32.2m1.83%	1.83%	New
11	GOLAR LNG LTD NOTE 2.750%12/1 · principal GLNG 2.75 12.15.30 · principal	GLNG 2.75 12.15.30	26,262	$29.9m1.70%	1.70%	New
12	SYNAPTICS INC NOTE 0.750%12/0 · principal SYNA 0.75 12.01.31 · principal	SYNA 0.75 12.01.31	19,100	$28.4m1.61%	1.61%	New
13	THE REALREAL INC DEBT 4.000% 2/1 · principal REAL 4 02.15.31 · principal	REAL 4 02.15.31	19,979	$28.2m1.60%	1.60%	Reduced -7.2k	-7,191 -26.5%
14	BOX INC CL A BOX	BOX	1,053,001	$27.9m1.58%	1.58%	Added +37.0k	+36,983 3.6%
15	SOUTHERN CO COM SO	SO	262,895	$25.2m1.43%	1.43%	Reduced -32.8k	-32,838 -11.1%
16	PARSONS CORP DEL NOTE 2.625% 3/0 · principal PSN 2.625 03.01.29 · principal	PSN 2.625 03.01.29	17,649	$17.5m0.99%	0.99%	Added +9.8k	+9,828 125.7%
17	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.27 · principal	WEC 4.375 06.01.27	13,575	$16.5m0.94%	0.94%	New
18	BITDEER TECHNOLOGIES GROUP CL A ORD SHS BTDR	BTDR	823,500	$13.1m0.74%	0.74%	Unchanged
19	GSR V ACQUISITION CORP UNIT 05/12/2031 GSRVU	GSRVU	993,123	$9.9m0.56%	0.56%	New
20	KIMCO RLTY CORP DP CV CL N 7.25% KIM 7.25 PERP N	KIM 7.25 PERP N	147,274	$9.4m0.53%	0.53%	Unchanged
21	GORES HOLDINGS XI INC UNIT 06/24/2031 GHXIU	GHXIU	891,990	$9.1m0.51%	0.51%	New
22	WEC ENERGY GROUP INC NOTE 3.375% 6/0 · principal WEC 3.375 06.01.28 · principal	WEC 3.375 06.01.28	8,385	$8.7m0.50%	0.50%	New
23	CH4 NATURAL SOLUTIONS CORP UNIT 99/99/9999 MTNE.U	MTNE.U	806,940	$8.1m0.46%	0.46%	New
24	FG IMPERII ACQUISITION CORP ORD SHS CL A FGII	FGII	810,678	$8.1m0.46%	0.46%	Reduced -82.4k	-82,412 -9.2%
25	SIDDHI ACQUISITION CORP CL A SHS SDHI	SDHI	731,588	$7.6m0.43%	0.43%	Reduced -83.0k	-83,012 -10.2%
26	PRAETORIAN ACQUISITION CORP ORD SHS CL A PTOR	PTOR	764,800	$7.6m0.43%	0.43%	Reduced -85.2k	-85,200 -10.0%
27	BERTO ACQUISITION CORP II UNIT 03/06/2031 GUACU	GUACU	744,847	$7.5m0.43%	0.43%	New
28	JAB ACQUISITION CORP I UNIT 06/05/2031 ATLQU	ATLQU	735,318	$7.4m0.42%	0.42%	New
29	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	143,250	$7.3m0.42%	0.42%	New
30	YORKVILLE INTL CAP CORP UNIT 06/05/2031 YICCU	YICCU	715,500	$7.2m0.41%	0.41%	New
31	FUTURECORP SPACE ACQUISITION UNIT 99/99/9999 FTRA.U	FTRA.U	706,696	$7.2m0.41%	0.41%	New
32	KPET ULTRA PACELINE CORP ORD CL A KPET	KPET	699,975	$7.0m0.40%	0.40%	New
33	SNOW ROTHSCHILD ACQUISITION UNIT 05/22/2031 ISNRU	ISNRU	673,244	$6.7m0.38%	0.38%	New
34	CARTESIAN GROWTH CORP IV UNIT 06/08/2031 CGCFU	CGCFU	667,800	$6.7m0.38%	0.38%	New
35	PEABODY ENGR CORP NOTE 3.250% 3/0 · principal BTU 3.25 03.01.28 · principal	BTU 3.25 03.01.28	4,799	$6.5m0.37%	0.37%	Reduced -28.4k	-28,407 -85.5%
36	GLOBA TERRA ACQUISITION COR CL A ORD SHS GTERA	GTERA	609,525	$6.3m0.36%	0.36%	Reduced -90.5k	-90,475 -12.9%
37	ALDABRA 4 LQDTY OPP VEH INC CL A ORD SHS ALOV	ALOV	630,266	$6.3m0.36%	0.36%	Reduced -203.9k	-203,869 -24.4%
38	ZYNGA INC NOTE 12/1 · principal ZNGA 0 12.15.26 · principal	ZNGA 0 12.15.26	5,730	$6.2m0.35%	0.35%	Reduced -270	-270 -4.5%
39	ARES ACQUISITION CORP III UNIT 99/99/9999 AAC.U	AAC.U	620,000	$6.2m0.35%	0.35%	New
40	K2 CAP ACQUISITION CORP ORD SHS CL A KTWO	KTWO	615,943	$6.1m0.35%	0.35%	Reduced -86.9k	-86,908 -12.4%
41	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	122,250	$6.1m0.35%	0.35%	New
42	BOEING CO COM BA	BA	27,738	$6.0m0.34%	0.34%	Reduced -123.1k	-123,133 -81.6%
43	ILLUMINATION ACQUISITIO CORP ORD SHS CL A ILLU	ILLU	602,281	$6.0m0.34%	0.34%	New
44	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.29 · principal	WEC 4.375 06.01.29	4,780	$5.9m0.34%	0.34%	New
45	GSR IV ACQUISITION CORP CL A SHS GSRF	GSRF	573,600	$5.8m0.33%	0.33%	Reduced -145.3k	-145,308 -20.2%
46	TRG LATIN AMER ACQUIS CORP CL A ORD SHS TRGS	TRGS	573,600	$5.7m0.32%	0.32%	New
47	SC II ACQUISITION CORP ORD SHS CLASS A SCII	SCII	550,000	$5.5m0.31%	0.31%	Reduced -300.0k	-300,000 -35.3%
48	LONG TABLE GROWTH CORP UNIT 05/29/2031 LTGRU	LTGRU	539,548	$5.4m0.31%	0.31%	New
49	GIGCAPITAL9 CORP CL A GIX	GIX	528,084	$5.2m0.30%	0.30%	Reduced -21.9k	-21,916 -4.0%
50	K&F GROWTH ACQUISITION CORP SHS CL A KFII	KFII	492,340	$5.2m0.29%	0.29%	Reduced -54.1k	-54,074 -9.9%
51	PALOMA ACQUISITION CORP I ORD SHS CL A PALO	PALO	521,198	$5.2m0.29%	0.29%	New
52	ARCHIMEDES TECH SPAC PTNRS I ORD SHS ARCI	ARCI	510,386	$5.1m0.29%	0.29%	Reduced -30.1k	-30,068 -5.6%
53	KOCHAV DEFENSE ACQUI CO SHS CL A KCHV	KCHV	491,795	$5.1m0.29%	0.29%	Reduced -108.2k	-108,205 -18.0%
54	PATRIOT ACQUISITION CORP UNIT 05/11/2031 PTACU	PTACU	503,874	$5.0m0.29%	0.29%	New
55	OCEANHAWK ACQUISITION CORP CL A ORD SHS OHAC	OHAC	502,575	$5.0m0.28%	0.28%	New
56	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	97,800	$4.9m0.28%	0.28%	New
57	INTERPRIVATE INVTS PARTNERS UNIT 05/27/2031 IPVVU	IPVVU	496,883	$4.9m0.28%	0.28%	New
58	X3 ACQUISITION CORP LTD ORD SHS CL A XCBE	XCBE	492,810	$4.9m0.28%	0.28%	Reduced -307.2k	-307,190 -38.4%
59	HARVARD AVE ACQUISITION CORP USD CL A ORD SHS HAVA	HAVA	487,022	$4.9m0.28%	0.28%	Reduced -113.0k	-112,978 -18.8%
60	SOREN ACQUISITION CORP USD CL A ORD SHS SORN	SORN	478,000	$4.7m0.27%	0.27%	Reduced -71.3k	-71,300 -13.0%
61	XFLH CAP CORP ORD SHS XFLH	XFLH	462,565	$4.6m0.26%	0.26%	Reduced -187.4k	-187,435 -28.8%
62	FORTRESS VALUE ACQU CORP V ORD SHS CL A FVAV	FVAV	445,020	$4.5m0.26%	0.26%	Reduced -130.0k	-129,980 -22.6%
63	XSOLLA SPAC 1 USD CL A ORD SHS XSLL	XSLL	454,100	$4.5m0.25%	0.25%	Reduced -145.9k	-145,900 -24.3%
64	IRON DOME ACQUISITION I CORP UNIT 02/27/2031 IDACU	IDACU	444,058	$4.5m0.25%	0.25%	New
65	RMG ML SPORTS HOLDINGS UNIT 06/05/2031 SHOTU	SHOTU	448,829	$4.5m0.25%	0.25%	New
66	DIGITAL ASSET ACQUISITION CO SHS CL A DAAQ	DAAQ	430,000	$4.5m0.25%	0.25%	Reduced -170.0k	-170,000 -28.3%
67	KEYSTONE ACQUISITION CORP CL A KEYY	KEYY	448,734	$4.4m0.25%	0.25%	New
68	AVERIN CAP ACQUISITION CORP ORD SHS CL A ACAA	ACAA	444,057	$4.4m0.25%	0.25%	New
69	BAIN CAP GSS INVT CORP ORD CL A BCSS	BCSS	430,650	$4.4m0.25%	0.25%	Reduced -136.8k	-136,783 -24.1%
70	EGH ACQUISITION CORP. SHS CL A EGHA	EGHA	420,443	$4.3m0.25%	0.25%	Added +70.3k	+70,280 20.1%
71	DISCIPLINED GROWTH UNIT 99/99/9999 DGAC.U	DGAC.U	429,046	$4.3m0.24%	0.24%	New
72	M3-BRIGADE ACQUISITION VI CO ORD SHS CL A MBVI	MBVI	424,411	$4.3m0.24%	0.24%	Reduced -50.6k	-50,589 -10.7%
73	MOUNTAIN LAKE ACQUISIT CORP USD CL A ORD SHS MLAA	MLAA	428,537	$4.3m0.24%	0.24%	Reduced -308.8k	-308,763 -41.9%
74	HIGHVIEW MERGER CORP ORD SH CL A HVMC	HVMC	410,624	$4.2m0.24%	0.24%	Reduced -89.4k	-89,376 -17.9%
75	KENSINGTON CAP ACQUISITION UNIT 99/99/9999 KCA.U	KCA.U	409,686	$4.2m0.24%	0.24%	New
76	QUANTUMSPHERE ACQUISITION CO ORD SHS QUMS	QUMS	405,761	$4.1m0.24%	0.24%	Reduced -74.2k	-74,239 -15.5%
77	TITAN ACQUISITION CORP CL A TACH	TACH	396,316	$4.1m0.23%	0.23%	Added +96.3k	+96,316 32.1%
78	DYNAMIX CORP SHS CL A DYNC	DYNC	381,597	$4.1m0.23%	0.23%	Added +193.6k	+193,597 103.0%
79	NMP ACQUISITION CORP CL A NMP	NMP	400,907	$4.1m0.23%	0.23%	Reduced -74.1k	-74,093 -15.6%
80	APEX TREAS CORP ORD SHS CL A APXT	APXT	406,692	$4.1m0.23%	0.23%	Reduced -167.4k	-167,365 -29.1%
81	AMPERCAP ACQUISITION CO UNIT 05/22/2031 APMCU	APMCU	405,851	$4.1m0.23%	0.23%	New
82	CHURCHILL CAP CORP XII CL A ORD SHS CXII	CXII	382,000	$4.1m0.23%	0.23%	New
83	INDIGO ACQUISITION CORP ORD SHS INAC	INAC	396,147	$4.1m0.23%	0.23%	Reduced -73.9k	-73,853 -15.7%
84	HENNESSY CAP INVTS CORP VIII ORD CL A HCIC	HCIC	405,851	$4.0m0.23%	0.23%	New
85	SILVER PEGASUS ACQUISITION C SHS CL A SPEG	SPEG	382,697	$3.9m0.22%	0.22%	Reduced -42.3k	-42,303 -9.9%
86	THAYER VENTURES ACQ CORP II CL A TVAI	TVAI	377,208	$3.9m0.22%	0.22%	Reduced -81.2k	-81,195 -17.7%
87	ART TECHNOLOGY ACQUISITION C USD CL A ORD SHS ARTC	ARTC	390,524	$3.9m0.22%	0.22%	Reduced -519.5k	-519,476 -57.1%
88	PIONEER ACQUISITION I CORP CL A ORD SHS PACH	PACH	377,218	$3.9m0.22%	0.22%	Reduced -122.8k	-122,782 -24.6%
89	OXLEY BRIDGE ACQ LTD USD CL A ORD SHS OBA	OBA	377,001	$3.9m0.22%	0.22%	Reduced -60.2k	-60,208 -13.8%
90	LAFAYETTE DIGITAL ACQUISITIO ORD CLASS A ZKP	ZKP	381,999	$3.8m0.22%	0.22%	Reduced -118.0k	-118,001 -23.6%
91	LAFAYETTE ACQUISITION CORP ORD SHS LAFA	LAFA	377,304	$3.8m0.22%	0.22%	Reduced -72.7k	-72,696 -16.1%
92	RRE VENTURES ACQUISITION COR CL A ORD SHS RREV	RREV	382,801	$3.8m0.21%	0.21%	New
93	SPARTACUS ACQUISITION CORP I CL A ORD SHS TMTS	TMTS	377,208	$3.8m0.21%	0.21%	New
94	WHITE PEARL ACQUISITION CORP ORD SHS CL A WPAC	WPAC	375,000	$3.8m0.21%	0.21%	Reduced -125.0k	-125,000 -25.0%
95	JENA ACQUISITION CORP II USD CL A ORD SHS JENA	JENA	358,111	$3.7m0.21%	0.21%	Reduced -145.6k	-145,589 -28.9%
96	ARTIUS II ACQUISITION INC SHS CL A SHS CL A		351,827	$3.7m0.21%	0.21%	Reduced -198.2k	-198,173 -36.0%
97	EQV VENTURES AC CORP. II ORD SHS CL A EVAC	EVAC	358,786	$3.7m0.21%	0.21%	Reduced -41.2k	-41,214 -10.3%
98	INFLECTION PT ACQUISITION CO CL A ORD SHS CL A ORD SHS		352,978	$3.6m0.21%	0.21%	Reduced -197.0k	-197,022 -35.8%
99	GENERAL CATALYST GBL RESIL M CL A GCGR	GCGR	360,314	$3.6m0.21%	0.21%	New
100	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,168	$3.6m0.21%	0.21%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DUKE ENERGY CORP NEW DUK 4.125 04.15.26	DUK 4.125 04.15.26	249,999	$280.7m250.0k shares
CNX RES CORP CNX 2.25 05.01.26	CNX 2.25 05.01.26	68,060	$204.8m68.1k shares
FIRSTENERGY CORP FE 4 05.01.26	FE 4 05.01.26	146,108	$161.6m146.1k shares
JAZZ INVESTMENTS I LTD JAZZ 2 06.15.26	JAZZ 2 06.15.26	51,422	$62.9m51.4k shares
ETSY INC ETSY 0.125 10.01.26	ETSY 0.125 10.01.26	55,000	$54.0m55.0k shares
JOHN BEAN TECHNOLOGIES CORP JBTM 0.25 05.15.26	JBTM 0.25 05.15.26	45,000	$44.8m45.0k shares
HEWLETT PACKARD ENTERPRISE C HPE 7.625 09.01.27	HPE 7.625 09.01.27	525,000	$34.2m525.0k shares
MICROCHIP TECHNOLOGY INC. MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	450,000	$25.9m450.0k shares
NEXTERA ENERGY INC NEE 7.234 11.01.27	NEE 7.234 11.01.27	475,000	$24.9m475.0k shares
NEXTERA ENERGY INC NEE	NEE	235,232	$21.8m235.2k shares
KPET ULTRA PACELINE CORP KPET.U	KPET.U	800,000	$8.0m800.0k shares
HENNESSY CAP INVTS CORP VIII HCICU	HCICU	750,000	$7.5m750.0k shares
AVERIN CAP ACQUISITION CORP ACAAU	ACAAU	744,830	$7.4m744.8k shares
ILLUMINATION ACQUISITIO CORP ILLUU	ILLUU	702,425	$7.0m702.4k shares
TRG LATIN AMER ACQUIS CORP TRGSU	TRGSU	625,000	$6.2m625.0k shares
PALOMA ACQUISITION CORP I PALOU	PALOU	600,000	$6.0m600.0k shares
DRUGS MADE IN AMER ACQUTN CO DMAA	DMAA	550,000	$5.8m550.0k shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	86,712	$5.6m86.7k shares
SPARTACUS ACQUISITION CORP I TMTSU	TMTSU	507,864	$5.1m507.9k shares
KENSINGTON CAP ACQUIST CORP KCAC.U	KCAC.U	441,036	$4.4m441.0k shares
LIVE OAK ACQUISITION CORP V TMS	TMS	397,000	$4.1m397.0k shares
COLOMBIER ACQUISITION CORP I CLBR.U	CLBR.U	400,000	$4.1m400.0k shares
WILLOW LANE ACQUISITION CRP WLIIU	WLIIU	400,000	$4.0m400.0k shares
MOZAYYX ACQUISITION CORP MZYX.U	MZYX.U	400,000	$4.0m400.0k shares
CANTOR EQUITY PARTNERS III I CAEP	CAEP	250,000	$2.6m250.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES TR HYG · Put	HYG	Put	2,484,800	$198.7m2.5m shares	Added
SPDR SER TR KIE · Put	KIE	Put	954,100	$58.2m954.1k shares	Reduced
INVESCO DB US DLR INDEX TR UUP · Put	UUP	Put	1,706,000	$48.5m1.7m shares	New
JETBLUE AWYS CORP JBLU · Put	JBLU	Put	1,500,000	$8.6m1.5m shares	Added
LUCID GROUP INC LCID · Put	LCID	Put	1,250,000	$8.4m1.2m shares	New
IREN LIMITED IREN · Put	IREN	Put	167,200	$7.6m167.2k shares	New
TRUMP MEDIA & TECHNOLOGY GRO DJT · Put	DJT	Put	239,200	$1.9m239.2k shares	Reduced
CLEANSPARK INC CLSK · Put	CLSK	Put	119,500	$1.7m119.5k 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
GSR III ACQUISITION CORP 13G · filed 2025-02-14		8.0%	new	13G	2025-02-14
WESTIN ACQUISITION CORP WSTN · 13G · filed 2026-02-17	WSTN	6.6%≈ $4.0m	new	13G	2026-02-17
STONEBRIDGE ACQUISITION II C APACU · 13G · filed 2025-11-14	APACU	6.3%	new	13G	2025-11-14
WINTERGREEN ACQUISITION CORP WTG · 13G · filed 2026-01-15	WTG	5.8%≈ $1.1m	new	13G	2026-01-15
SC II ACQUISITION CORP SCIIU · 13G · filed 2026-01-15	SCIIU	5.7%	new	13G	2026-01-15
BLUEPORT ACQUISITION LTD BPAC · 13G · filed 2026-02-17	BPAC	5.5%≈ $3.3m	new	13G	2026-02-17
NEWBRIDGE ACQUISITION LTD NBRGU · 13G · filed 2026-02-17	NBRGU	5.4%	new	13G	2026-02-17
NMP ACQUISITION CORP NMP · 13G · filed 2025-11-14	NMP	5.4%≈ $6.7m	new	13G	2025-11-14
K2 CAP ACQUISITION CORP KTWOU · 13G · filed 2026-02-17	KTWOU	5.3%	new	13G	2026-02-17
LAKESHORE ACQUISITION III CO LCCC · 13G · filed 2025-07-22	LCCC	5.0%≈ $2.2m	new	13G	2025-07-22
XFLH CAP CORP XFLH · 13G · filed 2026-04-07	XFLH	5.0%≈ $7.0m	new	13G	2026-04-07