FOURSIXTHREE CAPITAL LP

NEW YORK, NY · CIK 1897652 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2021 · limited partnership

$217.9m reported value +2.7% vs Q1 2025

15positions

98.1%in top 10

2 new 4 added 3 reduced 2 sold out vs Q1 2025

Options: 2 call positions ($13.7m notional), 2 put positions ($55.1m notional) – listed below, not included above.

Holdings, Q2 2025

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	TELEPHONE & DATA SYS INC COM NEW TDS	TDS	1,623,799	$57.8m26.51%	26.51%	Added +187.9k	+187,888 13.1%
2	LUMENTUM HLDGS INC NOTE 1.500%12/1 · principal LITE 1.5 12.15.29 · principal	LITE 1.5 12.15.29	27,000,000	$41.4m19.02%	19.02%	Unchanged
3	COMMSCOPE HLDG CO INC COM VISN	VISN	4,104,879	$34.0m15.60%	15.60%	Reduced -3.0m	-3,043,568 -42.6%
4	CIENA CORP COM NEW CIEN	CIEN	287,247	$23.4m10.72%	10.72%	New
5	CAPITAL SOUTHWEST CORP NOTE 5.125%11/1 · principal CSWC 5.125 11.15.29 · principal	CSWC 5.125 11.15.29	21,500,000	$21.2m9.72%	9.72%	Unchanged
6	ROIVANT SCIENCES LTD SHS ROIV	ROIV	900,000	$10.1m4.65%	4.65%	Added +50.0k	+50,000 5.9%
7	ARBUTUS BIOPHARMA CORP COM ABUS	ABUS	2,557,367	$7.9m3.63%	3.63%	Added +106.9k	+106,946 4.4%
8	ALTICE USA INC CL A OPTU	OPTU	3,577,458	$7.7m3.51%	3.51%	Added +2.1m	+2,059,640 135.7%
9	STAR HLDGS SHS BEN INT STHO	STHO	883,897	$6.9m3.17%	3.17%	Unchanged
10	IHEARTMEDIA INC COM CL A IHRT	IHRT	1,891,770	$3.3m1.53%	1.53%	Unchanged
11	LUMENTUM HLDGS INC COM LITE	LITE	23,779	$2.3m1.04%	1.04%	Reduced -148.6k	-148,589 -86.2%
12	ANYWHERE REAL ESTATE INC COM HOUS	HOUS	545,115	$2.0m0.91%	0.91%	Reduced -106.3k	-106,266 -16.3%
13	SPECTRAL AI INC *W EXP 99/99/999 MDAIW	MDAIW	11,666	$8.2k0.00%	0.00%	Unchanged
14	BRIDGER AEROSPACE GRP HLDGS *W EXP 01/24/202 BAERW	BAERW	10,000	$7750.00%	0.00%	New
15	SUNCAR TECHNOLOGY GROUP INC *W EXP 05/17/202 SDAWW	SDAWW	10,000	$7000.00%	0.00%	Unchanged

Security	Ticker	Shares held before	Value then
TALEN ENERGY CORP TLN	TLN	87,564	$17.5m87.6k shares
NEBIUS GROUP N.V. NBIS	NBIS	171,000	$3.6m171.0k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
TELEPHONE & DATA SYS INC TDS · Put	TDS	Put	1,525,800	$54.3m1.5m shares	Added
COMMSCOPE HLDG CO INC VISN · Call	VISN	Call	1,122,000	$9.3m1.1m shares	New
ARBOR REALTY TRUST INC ABR · Call	ABR	Call	412,500	$4.4m412.5k shares	New
KOHLS CORP KSS · Put	KSS	Put	100,000	$848.0k100.0k shares	Unchanged