CDC Financial, Inc.

CHICAGO, IL · CIK 2077836 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyChicago, IL

$130.2m reported value +7.8% vs Q1 2026

38positions

72.8%in top 10

7 new 15 added 14 reduced 7 sold out vs Q1 2026

Options: 7 call positions ($8.6m notional), 8 put positions ($100.1m notional) – listed below, not included above.

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

COGHILL CLINT D – reports through this filing

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	HEALTH CATALYST INC COM HCAT	HCAT	7,092,698	$14.1m10.84%	10.84%	Added +785.6k	+785,644 12.5%
2	INHIBRX BIOSCIENCES INC COM INBX	INBX	140,130	$13.3m10.20%	10.20%	Added +15.6k	+15,600 12.5%
3	AMPLIFY ENERGY CORP NEW COM AMPY	AMPY	2,587,347	$10.3m7.91%	7.91%	Unchanged
4	LEGALZOOM COM INC COM LZ	LZ	1,601,436	$9.8m7.54%	7.54%	Added +1.2m	+1,209,371 308.5%
5	ATLAS ENERGY SOLUTIONS INC COM NEW AESI	AESI	552,750	$9.2m7.05%	7.05%	Added +34.7k	+34,659 6.7%
6	IMMERSION CORP COM IMMR	IMMR	1,293,007	$8.8m6.73%	6.73%	Reduced -144.4k	-144,390 -10.1%
7	CENTURY ALUM CO COM CENX	CENX	181,430	$8.3m6.41%	6.41%	Reduced -65.2k	-65,250 -26.4%
8	VOX ROYALTY CORP COM VOXR	VOXR	1,759,374	$8.3m6.39%	6.39%	Added +102.1k	+102,070 6.2%
9	ALGOMA STL GROUP INC COM ASTL	ASTL	1,745,647	$7.1m5.43%	5.43%	Added +131.9k	+131,898 8.2%
10	AFC GAMMA INC COM AFCG	AFCG	1,797,359	$5.6m4.28%	4.28%	Added +324.2k	+324,181 22.0%
11	INSPIRED ENTMT INC COM INSE	INSE	506,004	$4.2m3.21%	3.21%	Added +53.6k	+53,559 11.8%
12	SIMILARWEB LTD SHS SMWB	SMWB	674,233	$4.1m3.18%	3.18%	Added +35.2k	+35,219 5.5%
13	RING ENERGY INC COM REI	REI	3,539,562	$3.8m2.94%	2.94%	Added +80.0k	+80,000 2.3%
14	TURTLE BEACH CORP COM NEW TBCH	TBCH	236,852	$2.9m2.27%	2.27%	Added +82.9k	+82,870 53.8%
15	THRYV HLDGS INC COM NEW THRY	THRY	702,024	$2.8m2.13%	2.13%	Reduced -381.7k	-381,727 -35.2%
16	RYERSON HLDG CORP COM RYZ	RYZ	78,446	$1.9m1.48%	1.48%	Reduced -35.7k	-35,714 -31.3%
17	CHICAGO ATLANTIC REAL ESTATE COM REFI	REFI	163,704	$1.8m1.35%	1.35%	Added +22.2k	+22,154 15.7%
18	CHICAGO ATLANTIC BDC INC COM LIEN	LIEN	177,391	$1.7m1.33%	1.33%	Added +17.8k	+17,773 11.1%
19	VONTIER CORPORATION COM VNT	VNT	50,000	$1.4m1.11%	1.11%	Reduced -2.0k	-2,000 -3.9%
20	AERSALE CORPORATION COM ASLE	ASLE	217,495	$1.4m1.06%	1.06%	Reduced -85.0k	-85,000 -28.1%
21	CRONOS GROUP INC COM CRON	CRON	433,133	$1.2m0.93%	0.93%	Reduced -493.7k	-493,699 -53.3%
22	SERVICENOW INC COM NOW	NOW	11,400	$1.1m0.87%	0.87%	Reduced -1.6k	-1,600 -12.3%
23	RISKIFIED LTD SHS CL A RSKD	RSKD	219,155	$1.1m0.85%	0.85%	Reduced -102.0k	-102,000 -31.8%
24	SALESFORCE INC COM CRM	CRM	7,000	$1.1m0.84%	0.84%	Added +1.0k	+1,000 16.7%
25	ZENTALIS PHARMACEUTICALS INC COM ZNTL	ZNTL	177,762	$862.1k0.66%	0.66%	Reduced -106.0k	-106,000 -37.4%
26	WEALTHFRONT CORP COM WLTH	WLTH	95,523	$854.0k0.66%	0.66%	Reduced -4.0k	-4,000 -4.0%
27	DUOS TECHNOLOGIES GROUP INC COM DUOT	DUOT	40,000	$480.0k0.37%	0.37%	New
28	SPROTT FDS TR JUNIOR URANIUM URNJ	URNJ	20,300	$471.6k0.36%	0.36%	Reduced -11.0k	-11,000 -35.1%
29	OPERA LTD SPONSORED ADS OPRA	OPRA	23,546	$466.9k0.36%	0.36%	Reduced -17.5k	-17,454 -42.6%
30	ANTERO RESOURCES CORP COM AR	AR	12,000	$421.7k0.32%	0.32%	New
31	SHENANDOAH TELECOMMUNICATION COM SHEN	SHEN	22,300	$336.3k0.26%	0.26%	Added +9.0k	+9,000 67.7%
32	NETGEAR INC COM NTGR	NTGR	14,000	$326.9k0.25%	0.25%	New
33	COURSERA INC COM COUR	COUR	40,000	$225.6k0.17%	0.17%	New
34	ALGOMA STL GROUP INC W EXP 10/19/202 W EXP 10/19/202		4,153,996	$124.6k0.10%	0.10%	Unchanged
35	THE BEAUTY HEALTH COMPANY COM CL A COM CL A		119,000	$82.4k0.06%	0.06%	New
36	MATCH GROUP INC NEW COM MTCH	MTCH	2,000	$76.1k0.06%	0.06%	Reduced -27.5k	-27,500 -93.2%
37	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	500	$43.5k0.03%	0.03%	New
38	C4 THERAPEUTICS INC COM STK CCCC	CCCC	1,000	$4.7k0.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GOHEALTH INC		753,033	$1.1m753.0k shares
INTAPP INC INTA	INTA	20,918	$537.4k20.9k shares
UPWORK INC UPWK	UPWK	47,000	$515.1k47.0k shares
TECK RESOURCES LTD TECK	TECK	3,550	$183.7k3.5k shares
SANUWAVE HEALTH INC SNWV	SNWV	6,500	$112.4k6.5k shares
VILLAGE FARMS INTL INC VFF	VFF	27,000	$76.7k27.0k shares
COMMERCIAL VEH GROUP INC CVGI	CVGI	4,653	$15.9k4.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	49,500	$37.0m49.5k shares	Added
ISHARES TR IWM · Put	IWM	Put	92,000	$27.6m92.0k shares	New
INVESCO QQQ TR QQQ · Put	QQQ	Put	31,900	$23.5m31.9k shares	Added
HUMANA INC HUM · Put	HUM	Put	15,000	$6.0m15.0k shares	New
INHIBRX BIOSCIENCES INC INBX · Call	INBX	Call	30,000	$2.8m30.0k shares	Reduced
GARMIN LTD GRMN · Put	GRMN	Put	9,000	$2.1m9.0k shares	New
TARGET CORP TGT · Put	TGT	Put	15,000	$2.0m15.0k shares	New
TURTLE BEACH CORP TBCH · Call	TBCH	Call	150,000	$1.9m150.0k shares	New
LEGALZOOM COM INC LZ · Call	LZ	Call	290,000	$1.8m290.0k shares	New
INNOVATIVE INDL PPTYS INC IIPR · Put	IIPR	Put	20,000	$1.2m20.0k shares	Unchanged
GROUPON INC GRPN · Call	GRPN	Call	40,000	$962.4k40.0k shares	New
SERVICENOW INC NOW · Call	NOW	Call	7,000	$695.0k7.0k shares	Reduced
COREWEAVE INC CRWV · Put	CRWV	Put	6,700	$666.9k6.7k shares	New
SALESFORCE INC CRM · Call	CRM	Call	2,000	$313.3k2.0k shares	Reduced
ALGOMA STL GROUP INC ASTL · Call	ASTL	Call	40,000	$162.0k40.0k shares	Reduced