Ghisallo Capital Management LLC

BOSTON, MA · CIK 1825214 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2020 · limited liability company

Assets managed$4.9bn
Staff39 · 23 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (3 hedge) · $4.9bn gross assets
Form ADV · 2026-08-25SEC adviser record

Legal entityGHISALLO CAPITAL MANAGEMENT LLC (US)

$5.1bn reported value +40.4% vs Q1 2026

339positions

42.6%in top 10

187 new 12 added 51 reduced 123 sold out vs Q1 2026

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	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	5,678,145	$970.2m19.03%	19.03%	New
2	DIGITAL RLTY TR INC COM DLR	DLR	1,198,100	$215.2m4.22%	4.22%	New
3	MIDEA 051333 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		1,172,000,000	$149.2m2.93%	2.93%	New
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	400,000	$142.9m2.80%	2.80%	New
5	ALPHABET INC CAP STK CL C GOOG	GOOG	400,000	$141.3m2.77%	2.77%	New
6	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	4,365,060	$128.0m2.51%	2.51%	New
7	MEDLINE INC COM CL A MDLN	MDLN	3,000,000	$118.3m2.32%	2.32%	Reduced -1.5m	-1,546,674 -34.0%
8	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	400,000	$110.5m2.17%	2.17%	Reduced -175.0k	-175,000 -30.4%
9	XPENG INC ADS XPEV	XPEV	7,500,000	$99.3m1.95%	1.95%	Unchanged
10	MIDEA 051127 CVT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		750,000,000	$96.0m1.88%	1.88%	New
11	AURORA INNOVATION INC CLASS A COM AUR	AUR	11,906,578	$81.2m1.59%	1.59%	New
12	ZTOEC 0.925 03/01/31 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		73,000,000	$70.3m1.38%	1.38%	New
13	AMERICAN ELEC PWR CO INC COM AEP	AEP	500,000	$68.4m1.34%	1.34%	New
14	FORGENT POWER SOLUTIONS INC COM SHS CL A FPS	FPS	1,175,000	$65.6m1.29%	1.29%	Reduced -675.0k	-675,000 -36.5%
15	LNVGY 062533 CVT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		65,000,000	$62.6m1.23%	1.23%	New
16	DOLLAR TREE INC COM DLTR	DLTR	500,000	$60.5m1.19%	1.19%	New
17	CEREBRAS SYSTEMS INC COM CL A CBRS	CBRS	270,000	$59.7m1.17%	1.17%	New
18	JOHNSON CTLS INTL PLC SHS JCI	JCI	400,000	$58.4m1.15%	1.15%	Reduced -150.0k	-150,000 -27.3%
19	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	1,150,000	$57.6m1.13%	1.13%	New
20	CHPAC 09/18/30 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		445,000,000	$54.4m1.07%	1.07%	New
21	ORACLE CORP COM ORCL	ORCL	350,000	$51.3m1.01%	1.01%	Reduced -107.0k	-107,000 -23.4%
22	BLTIV 020533 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		424,000,000	$48.1m0.94%	0.94%	New
23	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	900,000	$46.0m0.90%	0.90%	New
24	BAIDU INC SPON ADR REP A BIDU	BIDU	400,000	$45.7m0.90%	0.90%	New
25	HUTAI 020827 CVT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		360,000,000	$45.4m0.89%	0.89%	New
26	DIAMONDBACK ENERGY INC COM FANG	FANG	250,000	$43.9m0.86%	0.86%	Added +150.0k	+150,000 150.0%
27	LEGENCE CORP CL A LGN	LGN	500,000	$42.6m0.84%	0.84%	Unchanged
28	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	750,000	$40.3m0.79%	0.79%	New
29	INNIO NV ORDINARY SHARES INIO	INIO	1,000,000	$39.5m0.78%	0.78%	New
30	TRANE TECHNOLOGIES PLC SHS TT	TT	75,000	$36.8m0.72%	0.72%	Reduced -100.0k	-100,000 -57.1%
31	JANUS LIVING INC CL A-1 JAN	JAN	1,100,000	$31.6m0.62%	0.62%	Added +350.0k	+350,000 46.7%
32	MADISON AIR SOLUTIONS CORP COM SHS CL A MAIR	MAIR	800,000	$31.2m0.61%	0.61%	New
33	MINERALYS THERAPEUTICS INC COM MLYS	MLYS	1,125,000	$30.4m0.60%	0.60%	New
34	LEGEND BIOTECH CORP SPONSORED ADS LEGN	LEGN	1,000,000	$28.9m0.57%	0.57%	New
35	HYUHI 050431 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		23,000,000	$27.8m0.54%	0.54%	New
36	SRIAD 020333 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		233,000,000	$27.0m0.53%	0.53%	New
37	MMG 062327 CVT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		27,000,000	$26.7m0.52%	0.52%	New
38	CIEN 091531 CVT CONVERTIBLE BOND · principal CIEN 0 09.15.31 · principal	CIEN 0 09.15.31	25,000,000	$26.2m0.51%	0.51%	New
39	UL SOLUTIONS INC CLASS A COM SHS ULS	ULS	250,000	$25.5m0.50%	0.50%	Reduced -250.0k	-250,000 -50.0%
40	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	500,000	$25.2m0.50%	0.50%	New
41	ARXIS INC CL A COM ARXS	ARXS	500,000	$23.1m0.45%	0.45%	New
42	ENTERGY CORP NEW COM ETR	ETR	200,000	$23.0m0.45%	0.45%	New
43	GDS HLDGS LTD SPONSORED ADS GDS	GDS	750,000	$22.5m0.44%	0.44%	Unchanged
44	BABA 09/15/32 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		25,000,000	$22.2m0.44%	0.44%	New
45	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	400,000	$20.9m0.41%	0.41%	Added +250.0k	+250,000 166.7%
46	PINGA 06/11/30 CVT PUT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		151,000,000	$20.8m0.41%	0.41%	New
47	INTELLIA THERAPEUTICS INC COM NTLA	NTLA	1,200,000	$20.3m0.40%	0.40%	New
48	AMER SPORTS INC COM SHS AS	AS	600,000	$20.3m0.40%	0.40%	Reduced -600.0k	-600,000 -50.0%
49	SWPAC 061627 CVT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		142,000,000	$19.0m0.37%	0.37%	New
50	MIAMI INTL HLDGS INC COM MIAX	MIAX	500,000	$18.6m0.36%	0.36%	Reduced -500.0k	-500,000 -50.0%
51	STANDARDAERO INC COM SARO	SARO	600,000	$17.9m0.35%	0.35%	Reduced -600.0k	-600,000 -50.0%
52	NIO INC SPON ADS NIO	NIO	3,500,000	$17.7m0.35%	0.35%	Reduced -500.0k	-500,000 -12.5%
53	GE VERNOVA INC COM GEV	GEV	15,000	$17.6m0.35%	0.35%	Reduced -25.0k	-25,000 -62.5%
54	QXO INC COM NEW QXO	QXO	1,000,000	$17.3m0.34%	0.34%	Unchanged
55	SENSIENT TECHNOLOGIES CORP COM SXT	SXT	140,000	$17.3m0.34%	0.34%	New
56	SOLV ENERGY INC COM SHS CL A MWH	MWH	500,000	$17.0m0.33%	0.33%	Added +300.0k	+300,000 150.0%
57	MACERICH CO COM MAC	MAC	673,590	$17.0m0.33%	0.33%	New
58	QUANTINUUM INC CL A COM QNT	QNT	200,000	$16.3m0.32%	0.32%	New
59	ALLIANCE LAUNDRY HLDGS INC COM ALH	ALH	600,000	$15.9m0.31%	0.31%	Unchanged
60	CARDINAL INFRASTRUCTURE GROU CL A CDNL	CDNL	167,297	$15.8m0.31%	0.31%	Added +67.3k	+67,297 67.3%
61	DIGITALOCEAN HLDGS INC COM DOCN	DOCN	100,000	$15.7m0.31%	0.31%	Reduced -280.0k	-280,000 -73.7%
62	KODIAK GAS SVCS INC COM KGS	KGS	200,000	$15.0m0.29%	0.29%	Reduced -300.0k	-300,000 -60.0%
63	HOOD 100129 CVT CONVERTIBLE BOND · principal HOOD 0 10.01.29 · principal	HOOD 0 10.01.29	15,000,000	$15.0m0.29%	0.29%	New
64	DPC HOLDINGS PLC ORDINARY SHARES DPC	DPC	300,000	$14.7m0.29%	0.29%	New
65	FIREFLY AEROSPACE INC COM FLY	FLY	500,000	$14.7m0.29%	0.29%	Added +340.0k	+340,000 212.5%
66	FERVO ENERGY CO CL A COM FRVO	FRVO	500,000	$14.6m0.29%	0.29%	New
67	CYTOKINETICS INC COM NEW CYTK	CYTK	170,000	$14.5m0.28%	0.28%	New
68	GUMNG 063027 CVT CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		105,000,000	$13.9m0.27%	0.27%	New
69	JPM 0.10 01/12/29 MTN CONVERTIBLE BOND · principal CONVERTIBLE BOND · principal		12,000,000	$13.3m0.26%	0.26%	New
70	HERTZ GLOBAL HLDGS INC COM NEW HTZ	HTZ	5,744,624	$13.0m0.26%	0.26%	New
71	BBB FOODS INC CL A COM TBBB	TBBB	307,618	$12.8m0.25%	0.25%	Added +207.6k	+207,618 207.6%
72	CHEESECAKE FACTORY INC NOTE 2.000% 3/1 · principal CAKE 2 03.15.30 · principal	CAKE 2 03.15.30	10,000,000	$12.7m0.25%	0.25%	New
73	ROLLINS INC COM ROL	ROL	300,000	$12.5m0.25%	0.25%	Reduced -450.0k	-450,000 -60.0%
74	TERAWULF INC COM WULF	WULF	500,000	$12.3m0.24%	0.24%	New
75	AKAM 051530 CVT 05/15/30 CVT · principal AKAM 0 05.15.30 · principal	AKAM 0 05.15.30	12,500,000	$11.7m0.23%	0.23%	New
76	VSE CORP COM VSEC	VSEC	50,000	$11.4m0.22%	0.22%	Reduced -100.0k	-100,000 -66.7%
77	NORFOLK SOUTHN CORP COM NSC	NSC	36,000	$11.3m0.22%	0.22%	Reduced -16.0k	-16,000 -30.8%
78	USA RARE EARTH INC COM USAR	USAR	500,000	$10.8m0.21%	0.21%	Unchanged
79	RICE ACQUISITION CORP 3 ORD SHS CL A KRSP	KRSP	1,000,000	$10.5m0.21%	0.21%	Unchanged
80	PONY AI INC SPONSORED ADS PONY	PONY	1,500,000	$10.4m0.20%	0.20%	New
81	TITAN ACQUISITION CORP CL A TACH	TACH	1,000,000	$10.4m0.20%	0.20%	Unchanged
82	NEW PROVIDENCE ACQUISITION C USD CL A ORD SHS NPAC	NPAC	1,000,000	$10.4m0.20%	0.20%	Unchanged
83	GENERAL CATALYST GBL RESIL M UNIT 04/13/2031 GCGRU	GCGRU	1,000,000	$10.3m0.20%	0.20%	New
84	INGRAM MICRO HLDG CORP COM INGM	INGM	375,000	$10.3m0.20%	0.20%	Added +234.5k	+234,502 166.9%
85	BAIN CAP GSS INVT CORP ORD CL A BCSS	BCSS	1,000,000	$10.3m0.20%	0.20%	Unchanged
86	REALLOYS INC COM ALOY	ALOY	701,754	$10.1m0.20%	0.20%	New
87	KARBON CAP PARTNERS CORP ORD SHS CL A KBON	KBON	1,000,000	$10.1m0.20%	0.20%	Unchanged
88	NEWBURY STR II ACQUISITION C ORD SHS CL A NTWO	NTWO	950,000	$10.1m0.20%	0.20%	Unchanged
89	BEL FUSE INC CL B BELFB	BELFB	30,000	$10.0m0.20%	0.20%	New
90	KARMAN HLDGS INC COMMON STOCK KRMN	KRMN	200,000	$10.0m0.20%	0.20%	Reduced -25.0k	-25,000 -11.1%
91	M3BRIGADE ACQUISITION V CORP CL A VLOS	VLOS	921,000	$10.0m0.20%	0.20%	New
92	KRATOS DEFENSE & SEC SOLUTIO COM NEW KTOS	KTOS	200,000	$10.0m0.20%	0.20%	Reduced -400.0k	-400,000 -66.7%
93	COREWEAVE INC COM CL A CRWV	CRWV	100,000	$10.0m0.20%	0.20%	Unchanged
94	CAVA GROUP INC COM CAVA	CAVA	125,000	$9.8m0.19%	0.19%	New
95	NOVANTA INC COM NOVT	NOVT	60,010	$9.7m0.19%	0.19%	New
96	ALDEL FINL II INC CL A ALDF	ALDF	900,000	$9.6m0.19%	0.19%	Unchanged
97	PATTERN GROUP INC COM SER A PTRN	PTRN	380,000	$9.6m0.19%	0.19%	Added +180.0k	+180,000 90.0%
98	REVOLUTION MEDICINES INC COM RVMD	RVMD	50,000	$9.4m0.18%	0.18%	New
99	COINBASE GLOBAL INC NOTE 0.250% 4/0 · principal COIN 0.25 04.01.30 · principal	COIN 0.25 04.01.30	10,000,000	$9.0m0.18%	0.18%	New
100	IREN 1 12/01/33 CONVERTIBLE BOND · principal IREN 1 12.01.33 · principal	IREN 1 12.01.33	10,000,000	$8.7m0.17%	0.17%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HYUHI 05/04/31 CVT PUT 009540	009540	110,000,000	$110.3m110.0m shares
TESLA INC TSLA	TSLA	275,000	$102.2m275.0k shares
NVIDIA CORPORATION NVDA	NVDA	550,000	$95.9m550.0k shares
ZTOEC 0.925 03/01/31 CVT PUT		95,000,000	$95.4m95.0m shares
MICROSOFT CORP MSFT	MSFT	250,000	$92.5m250.0k shares
WIWYNN 04/01/31 WIWYNN 0 04.01.31	WIWYNN 0 04.01.31	90,000,000	$87.8m90.0m shares
CHPAC 09/18/30 CVT PUT 601601	601601	675,000,000	$87.5m675.0m shares
GLOBALFOUNDRIES INC GFS	GFS	1,800,000	$80.1m1.8m shares
NIPST 02/14/29 CVT		10,590,000,000	$68.0m10.6bn shares
J plus T GLOBAL EXPRESS LTD USD 0.000002 JTGLF	JTGLF	544,000,000	$65.5m544.0m shares
NBIS 1 1/4 03/15/31 NBIS 1.25 03.15.31	NBIS 1.25 03.15.31	60,000,000	$57.5m60.0m shares
NBIS 2 5/8 03/15/33 . NBIS 2.625 03.15.33 .	NBIS 2.625 03.15.33 .	55,000,000	$51.2m55.0m shares
HUTAI 02/08/27 CVT 601688	601688	400,000,000	$49.9m400.0m shares
NIPST 02/14/31 CVT PUT		6,990,000,000	$45.1m7.0bn shares
GLXY 0.500 05/01/31 CVT GLXYLP 0.5 05.01.31	GLXYLP 0.5 05.01.31	58,300,000	$41.3m58.3m shares
BABA 09/15/32 CVT PUT		42,500,000	$40.9m42.5m shares
Zijin Mining Group Co Ltd ZIJMF	ZIJMF	41,000,000	$37.9m41.0m shares
DUK 3.000 03/15/29 CVT DUK 3 03.15.29	DUK 3 03.15.29	35,000,000	$35.1m35.0m shares
SRIAD 02/03/33 CVT PUT HNSPF	HNSPF	273,000,000	$33.2m273.0m shares
PING AN INSURANCE PIAIF	PIAIF	191,000,000	$28.6m191.0m shares
LSB INDS INC LXU	LXU	1,900,000	$28.3m1.9m shares
LITHIUM ARGENTINA AG LAR	LAR	3,919,802	$26.2m3.9m shares
ZOOM COMMUNICATIONS INC ZM	ZM	325,000	$26.1m325.0k shares
JOBY AVIATION INC JOBY	JOBY	3,129,666	$25.9m3.1m shares
LATAM AIRLINES GROUP SA LTM	LTM	500,000	$24.7m500.0k shares

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
INFLECTION PT ACQUISIT CORP IPFXU · 13G · filed 2026-05-12	IPFXU	5.9%≈ $16.4m	new	13G	2026-05-12
NEWBURY STR II ACQUISITION C NTWOU · 13G · filed 2025-02-12	NTWOU	5.3%	new	13G	2025-02-12