Elequin Capital, LP

NEW YORK, NY · CIK 1810873 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2024 · limited partnership

Assets managed$2.1bn
Staff30 · 13 in investment roles
Main clients (by assets)Private funds 100%
Private funds4 (4 hedge) · $3.3bn gross assets
Websiteelequincapital.com
Form ADV · 2026-09-04SEC adviser record

Legal entityELEQUIN CAPITAL, LP (US)

Kindhedge funds, futures
Others nearbyNew York, NY, Darien, CT, Wayne, PA

As an employer

Offices in1 country
Private fundshedge 4

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States	about 11
Darien, CTUnited States	United States	1
Radnor, PAUnited States	United States	1

US visa salary filings

Filings FY2024–20256
Median salary offered$187,500
Middle half$157,500 – $195,000
Job titles4
E-3 (Australians)1

Job title	Filings	Median	Range
Portfolio ManagerNew York, NY	3	$195,000	$195,000 – $200,000
Regulatory Compliance AssociateNew York, NY	1	$180,000
Quantitative ResearcherNew York, NY	1	$150,000
Software EngineerNew York, NY	1	$124,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Elequin Capital, LP..

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$3.0bn reported value +174.0% vs Q1 2026

680positions

80.5%in top 10

322 new 173 added 151 reduced 262 sold out vs Q1 2026

Options: 5 call positions ($99.1m notional), 8 put positions ($264.9m 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	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	34,792,000	$586.9m19.61%	19.61%	New
2	SEAGATE HDD CAYMAN NOTE 3.500% 6/0 · principal STX 3.5 06.01.28 · principal	STX 3.5 06.01.28	41,274,000	$481.5m16.09%	16.09%	New
3	LUMENTUM HLDGS INC NOTE 0.500% 6/1 · principal LITE 0.5 06.15.28 · principal	LITE 0.5 06.15.28	56,729,000	$370.4m12.37%	12.37%	New
4	CENTERPOINT ENERGY INC NOTE 4.250% 8/1 · principal CNP 4.25 08.15.26 · principal	CNP 4.25 08.15.26	272,994,000	$328.4m10.97%	10.97%	New
5	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	2,542,566	$154.5m5.16%	5.16%	Added +2.5m	+2,535,358 35174.2%
6	LUMENTUM HLDGS INC NOTE 0.500%12/1 · principal LITE 0.5 12.15.26 · principal	LITE 0.5 12.15.26	17,710,000	$153.1m5.12%	5.12%	New
7	GRANITE CONSTR INC NOTE 3.750% 5/1 · principal GVA 3.75 05.15.28 · principal	GVA 3.75 05.15.28	32,964,000	$109.0m3.64%	3.64%	New
8	ADVANCED ENERGY INDS NOTE 2.500% 9/1 · principal AEIS 2.5 09.15.28 · principal	AEIS 2.5 09.15.28	31,597,000	$86.2m2.88%	2.88%	New
9	NVIDIA CORPORATION COM NVDA	NVDA	400,000	$80.0m2.67%	2.67%	Reduced -12.8k	-12,824 -3.1%
10	BLOOM ENERGY CORP NOTE 3.000% 6/0 · principal BE 3 06.01.29 · principal	BE 3 06.01.29	4,000,000	$58.1m1.94%	1.94%	New
11	MICROSOFT CORP COM MSFT	MSFT	150,000	$56.0m1.87%	1.87%	Added +150.0k	+149,998 7499900.0%
12	LUMENTUM HLDGS INC NOTE 1.500%12/1 · principal LITE 1.5 12.15.29 · principal	LITE 1.5 12.15.29	4,143,000	$51.0m1.70%	1.70%	Added +3.4m	+3,364,000 431.8%
13	APPLE INC COM AAPL	AAPL	140,003	$40.5m1.35%	1.35%	Added +140.0k	+140,000 4666666.7%
14	INTEL CORP COM INTC	INTC	200,051	$27.9m0.93%	0.93%	Added +196.7k	+196,717 5900.3%
15	AMAZON COM INC COM AMZN	AMZN	100,000	$23.8m0.80%	0.80%	Added +99.9k	+99,876 80545.2%
16	ALPHABET INC CAP STK CL C GOOG	GOOG	52,159	$18.4m0.62%	0.62%	New
17	POET TECHNOLOGIES INC COM NEW POET	POET	1,642,105	$16.9m0.56%	0.56%	New
18	ISHARES TR SHRT NAT MUN ETF SUB	SUB	117,318	$12.5m0.42%	0.42%	New
19	J P MORGAN EXCHANGE TRADED F ULTRA SHT MUNCPL JMST	JMST	236,301	$12.1m0.40%	0.40%	Added +154.4k	+154,398 188.5%
20	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	15,598	$11.6m0.39%	0.39%	Reduced -19.7k	-19,681 -55.8%
21	ALPHABET INC CAP STK CL A GOOGL	GOOGL	31,963	$11.4m0.38%	0.38%	Added +31.8k	+31,845 26987.3%
22	ROCKET LAB CORP COM RKLB	RKLB	90,667	$9.2m0.31%	0.31%	Added +83.7k	+83,725 1206.1%
23	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	167,788	$8.5m0.28%	0.28%	New
24	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	223,068	$7.7m0.26%	0.26%	Added +113.7k	+113,715 104.0%
25	MARVELL TECHNOLOGY INC COM MRVL	MRVL	23,554	$7.0m0.23%	0.23%	Added +23.5k	+23,452 22992.2%
26	AXT INC COM AXTI	AXTI	81,004	$5.8m0.20%	0.20%	New
27	CAPITAL GROUP GLOBAL EQUITY SHS CGGE	CGGE	155,662	$5.5m0.18%	0.18%	New
28	MICROSTRATEGY INC CL A NEW MSTR	MSTR	60,421	$5.3m0.18%	0.18%	Added +27.3k	+27,280 82.3%
29	VANGUARD MUN BD FDS CORE TAX EXEMPT VCRM	VCRM	64,144	$4.9m0.16%	0.16%	New
30	ISHARES INC MSCI STH KOR ETF EWY	EWY	22,906	$4.6m0.15%	0.15%	New
31	DIMENSIONAL ETF TRUST NATL MUN BD ETF DFNM	DFNM	91,480	$4.4m0.15%	0.15%	New
32	CAPITAL GROUP GROWTH ETF SHS CREATION UNI CGGR	CGGR	91,935	$4.3m0.14%	0.14%	New
33	INTERDIGITAL INC NOTE 3.500% 6/0 · principal IDCC 3.5 06.01.27 · principal	IDCC 3.5 06.01.27	1,181,000	$4.3m0.14%	0.14%	New
34	AMERICAN CENTY ETF TR DIVERSIFIED MU TAXF	TAXF	83,501	$4.2m0.14%	0.14%	Added +59.3k	+59,327 245.4%
35	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	94,228	$4.2m0.14%	0.14%	Added +5.8k	+5,820 6.6%
36	IREN LIMITED ORDINARY SHARES IREN	IREN	88,185	$4.0m0.13%	0.13%	Added +87.7k	+87,690 17715.2%
37	ADVISORSHARES TR PURE US CANNABIS MSOS	MSOS	788,113	$4.0m0.13%	0.13%	New
38	KKR & CO INC COM KKR	KKR	42,528	$3.9m0.13%	0.13%	Added +37.0k	+36,981 666.7%
39	APPLIED OPTOELECTRONICS INC COM AAOI	AAOI	26,316	$3.9m0.13%	0.13%	Added +25.9k	+25,903 6271.9%
40	NEXTERA ENERGY INC UNIT 06/01/2027 NEE 7.299 06.01.27	NEE 7.299 06.01.27	70,277	$3.8m0.13%	0.13%	Reduced -165.6k	-165,627 -70.2%
41	NEW YORK LIFE INVTS ACTIVE E NYLI MACKAY MUN MMIT	MMIT	154,863	$3.8m0.13%	0.13%	New
42	FRANKLIN TEMPLETON ETF TR FRANKLIN DYN MUN FLMI	FLMI	149,287	$3.8m0.13%	0.13%	New
43	ISHARES TR NEW YORK MUN ETF NYF	NYF	66,671	$3.6m0.12%	0.12%	New
44	CAPITAL GROUP DIVIDEND GROWE SHS ETF CGDG	CGDG	93,703	$3.5m0.12%	0.12%	New
45	SPDR SER TR NUVEEN BLMBRG SH SHM	SHM	73,072	$3.5m0.12%	0.12%	Added +41.9k	+41,858 134.1%
46	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	67,265	$3.4m0.11%	0.11%	New
47	BLACKROCK ETF TRUST II ISHARES SHORT-TE CALI	CALI	64,841	$3.3m0.11%	0.11%	New
48	BRIGHTSPRING HEALTH SVCS INC UNIT 02/01/2027 BTSG 6.75 02.01.27	BTSG 6.75 02.01.27	14,046	$3.2m0.11%	0.11%	Added +4.3k	+4,335 44.6%
49	VANGUARD WELLINGTON FD SHORT TRM TAX EX VTES	VTES	31,278	$3.2m0.11%	0.11%	Added +27.4k	+27,392 704.9%
50	MORGAN STANLEY ETF TRUST EATON VANCE INTE EVIM	EVIM	57,568	$3.1m0.10%	0.10%	New
51	BLACKROCK ETF TRUST ISHARES DEFENSE IDEF	IDEF	96,009	$3.1m0.10%	0.10%	New
52	SPDR SER TR NUVEEN BLMBRG MU TFI	TFI	66,250	$3.0m0.10%	0.10%	New
53	FIRST TR EXCH TRADED FD III MANAGD MUN ETF FMB	FMB	58,398	$3.0m0.10%	0.10%	New
54	TESLA INC COM TSLA	TSLA	7,123	$3.0m0.10%	0.10%	Reduced -615	-615 -8.0%
55	SPDR SER TR BBG CONV SEC ETF CWB	CWB	26,815	$2.9m0.10%	0.10%	New
56	RBB FUND TRUST FIRST EAGLE OVER FEOE	FEOE	53,821	$2.9m0.10%	0.10%	New
57	INVESCO EXCH TRD SLF IDX FD BULSHS 2028 MUNI BSMS	BSMS	117,520	$2.8m0.09%	0.09%	New
58	MORGAN STANLEY ETF TRUST EATON VANCE HIGH EVYM	EVYM	52,842	$2.7m0.09%	0.09%	New
59	FIRST TR EXCH TRADED FD III CALIF MUN INCM FCAL	FCAL	54,092	$2.7m0.09%	0.09%	New
60	FIRST TR EXCHANGE-TRADED FD SSI STRG ETF FCVT	FCVT	49,825	$2.7m0.09%	0.09%	New
61	FIRST TR EXCH TRADED FD III SHRT DUR MNG MUN FSMB	FSMB	133,130	$2.7m0.09%	0.09%	New
62	FIRST TR EXCHANGE TRADED FD NASDAQ CYB ETF CIBR	CIBR	29,029	$2.6m0.09%	0.09%	New
63	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	87,828	$2.6m0.09%	0.09%	Reduced -22.8k	-22,774 -20.6%
64	CAPITAL GRP FIXED INCM ETF T SHORT DURATION M CGSM	CGSM	95,551	$2.5m0.08%	0.08%	New
65	CAPITAL GRP FIXED INCM ETF T MUNICIPAL HIGH I CGHM	CGHM	97,437	$2.5m0.08%	0.08%	New
66	HARTFORD FDS EXCHANGE TRADED MUN OPORTUNITE HMOP	HMOP	62,992	$2.5m0.08%	0.08%	Added +55.6k	+55,629 755.5%
67	MICRON TECHNOLOGY INC COM MU	MU	2,116	$2.4m0.08%	0.08%	Added +1.5k	+1,540 267.4%
68	INVESCO EXCH TRADED FD TR II NATL AMT MUNI PZA	PZA	94,637	$2.2m0.07%	0.07%	Added +28.9k	+28,937 44.0%
69	PIMCO ETF TR INTER MUN BD ACT MUNI	MUNI	41,227	$2.2m0.07%	0.07%	New
70	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	42,116	$2.2m0.07%	0.07%	New
71	BRUKER CORP 6.375 PREF SER A BRKR 6.375 09.01.28	BRKR 6.375 09.01.28	4,783	$2.1m0.07%	0.07%	Added +3.6k	+3,635 316.6%
72	TIDAL TRUST II ROUNDHILL GENER CHAT	CHAT	21,439	$2.1m0.07%	0.07%	New
73	ISHARES INC MSCI JPN ETF NEW EWJ	EWJ	22,089	$2.1m0.07%	0.07%	New
74	BITMINE IMMERSION TECNOLOGIE COM NEW BMNR	BMNR	154,052	$2.1m0.07%	0.07%	Added +65.8k	+65,819 74.6%
75	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	58,871	$2.0m0.07%	0.07%	Reduced -106.4k	-106,393 -64.4%
76	PPL CORP COM PPL	PPL	52,780	$1.9m0.06%	0.06%	New
77	SOUTHERN CO UNIT 12/15/2028 SO 7.125 12.15.28 A	SO 7.125 12.15.28 A	37,571	$1.9m0.06%	0.06%	New
78	J P MORGAN EXCHANGE TRADED F MUNICIPAL ETF JMUB	JMUB	36,929	$1.9m0.06%	0.06%	New
79	VANGUARD MUN BD FDS INTERMEDIATE TRM VTEI	VTEI	18,378	$1.9m0.06%	0.06%	Added +6.0k	+6,017 48.7%
80	PUTNAM ETF TRUST FRANKLIN SHT TRM FTMS	FTMS	183,254	$1.8m0.06%	0.06%	New
81	AB ACTIVE ETFS INC CALIFORNIA INTER CAM	CAM	70,620	$1.8m0.06%	0.06%	New
82	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	25,768	$1.7m0.06%	0.06%	New
83	VANECK ETF TRUST LONG MUNI ETF MLN	MLN	97,300	$1.7m0.06%	0.06%	New
84	ALBEMARLE CORP 7.25% DEP SHS A ALB 7.25 03.01.27	ALB 7.25 03.01.27	30,997	$1.7m0.06%	0.06%	Reduced -8.2k	-8,231 -21.0%
85	PIMCO ETF TR MUNI INCOME OPP MINO	MINO	36,511	$1.7m0.06%	0.06%	New
86	SPDR SER TR NUVEEN BLOOMBERG HYMB	HYMB	64,728	$1.6m0.06%	0.06%	New
87	AB ACTIVE ETFS INC TAX AWARE SHRT TAFI	TAFI	64,454	$1.6m0.05%	0.05%	Added +25	+25 0.0%
88	PROFESIONALLY MANAGED PORTFO AKRE FOCUS ETF AKRE	AKRE	30,334	$1.6m0.05%	0.05%	New
89	SCHWAB STRATEGIC TR INTERNL DIVID SCHY	SCHY	50,285	$1.6m0.05%	0.05%	Reduced -242.4k	-242,373 -82.8%
90	FIRST TR EXCHANGE-TRADED FD NASDQ CLN EDGE GRID	GRID	8,281	$1.6m0.05%	0.05%	Reduced -207.8k	-207,780 -96.2%
91	BLACKROCK ETF TRUST ISHA SYST AL ETF IALT	IALT	56,013	$1.6m0.05%	0.05%	New
92	MICROCHIP TECHNOLOGY INC. DEP SHS REPSTG MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	19,750	$1.5m0.05%	0.05%	Reduced -43.6k	-43,614 -68.8%
93	VANECK ETF TRUST SHRT HGH YLD MUN SHYD	SHYD	65,662	$1.5m0.05%	0.05%	New
94	GLOBAL X FDS DATA CTR DIG ETF DTCR	DTCR	47,347	$1.4m0.05%	0.05%	New
95	J P MORGAN EXCHANGE TRADED F SUSTAINABLE MUNI JMSI	JMSI	28,342	$1.4m0.05%	0.05%	New
96	BLACKROCK ETF TRUST II SHORT DURATION H SHYM	SHYM	63,097	$1.4m0.05%	0.05%	New
97	NOVANTA INC UNIT 11/01/2028 NOVT 6.5 11.01.28	NOVT 6.5 11.01.28	20,314	$1.4m0.05%	0.05%	New
98	WISDOMTREE TR EFFICIENT GLD PL GDE	GDE	22,620	$1.4m0.05%	0.05%	New
99	J P MORGAN EXCHANGE TRADED F HIGH YIELD MUNI JMHI	JMHI	27,187	$1.4m0.05%	0.05%	New
100	VANGUARD CALIF TAX FREE FDS TAX EXEMPT BD FD VTEC	VTEC	13,497	$1.4m0.05%	0.05%	Added +3.8k	+3,781 38.9%

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	463,249,000	$510.9m463.2m shares
H WORLD GROUP LTD HTHT 3 05.01.26	HTHT 3 05.01.26	69,562,000	$93.6m69.6m shares
VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26	VTR 3.75 06.01.26	33,700,000	$50.2m33.7m shares
FIRSTENERGY CORP FE 4 05.01.26	FE 4 05.01.26	45,877,000	$50.1m45.9m shares
CNX RES CORP CNX 2.25 05.01.26	CNX 2.25 05.01.26	8,106,000	$24.8m8.1m shares
INVESCO EXCH TRD SLF IDX FD BSMT	BSMT	943,376	$22.1m943.4k shares
BITWISE SOLANA STAKING ETF BSOL	BSOL	839,953	$9.3m840.0k shares
GRAYSCALE SOLANA STAKING ETF GSOL	GSOL	831,068	$5.1m831.1k shares
RBB FUND TRUST FEGE	FEGE	69,416	$3.3m69.4k shares
INDEXIQ ACTIVE ETF TR MMIN	MMIN	132,867	$3.2m132.9k shares
PIMCO ETF TR LONZ	LONZ	75,760	$3.1m75.8k shares
CAPITAL GROUP DIVIDEND VALUE CGDV	CGDV	72,059	$3.1m72.1k shares
BOEING CO BA	BA	13,587	$2.7m13.6k shares
FRANKLIN TEMPLETON ETF TR INCM	INCM	84,333	$2.4m84.3k shares
VANECK ETF TRUST GDX	GDX	60,173	$2.1m60.2k shares
ARES MANAGEMENT CORPORATION ARES 6.75 10.01.27 B	ARES 6.75 10.01.27 B	42,954	$1.6m43.0k shares
VANECK SOLANA TR VSOL	VSOL	137,200	$1.5m137.2k shares
GLOBAL X FDS SHLD	SHLD	17,829	$1.3m17.8k shares
WHIRLPOOL CORP WHR 8.5 02.15.29 A	WHR 8.5 02.15.29 A	23,122	$950.1k23.1k shares
SOUTHERN COPPER CORP SCCO	SCCO	4,728	$813.5k4.7k shares
TIDAL TRUST III AIS	AIS	18,562	$777.9k18.6k shares
CREDICORP LTD BAP	BAP	2,265	$768.2k2.3k shares
ISHARES STAKED ETHEREUM TR E ETHB	ETHB	23,323	$629.0k23.3k shares
QXO INC QXO	QXO	25,282	$491.0k25.3k shares
ADVANCED MICRO DEVICES INC AMD	AMD	2,245	$456.7k2.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
NVIDIA CORPORATION NVDA · Put	NVDA	Put	400,000	$80.0m400.0k shares	Reduced
MICROSOFT CORP MSFT · Put	MSFT	Put	150,000	$56.0m150.0k shares	New
ISHARES BITCOIN TRUST ETF IBIT · Call	IBIT	Call	1,349,000	$44.9m1.3m shares	Added
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	56,000	$41.8m56.0k shares	Added
APPLE INC AAPL · Put	AAPL	Put	140,000	$40.5m140.0k shares	New
INTEL CORP INTC · Put	INTC	Put	200,000	$27.9m200.0k shares	New
AMAZON COM INC AMZN · Put	AMZN	Put	100,000	$23.8m100.0k shares	New
ALPHABET INC GOOG · Put	GOOG	Put	50,000	$17.7m50.0k shares	New
ALPHABET INC GOOGL · Put	GOOGL	Put	30,000	$10.7m30.0k shares	New
POET TECHNOLOGIES INC POET · Put	POET	Put	800,100	$8.2m800.1k shares	New
SPDR GOLD TR GLD · Call	GLD	Call	15,000	$5.5m15.0k shares	Reduced
BARCLAYS BANK PLC VXX · Call	VXX	Call	222,100	$4.9m222.1k shares	New
UNITED STS OIL FD LP USO · Call	USO	Call	15,000	$1.9m15.0k shares	New