Crystalline Management Inc.

Montreal, Quebec, Z4 · CIK 1891834 · 13F filing filed 2024-11-08

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.

Legal entityGESTION CRISTALLIN INC. (CA)

Others nearbyMontréal

$97.1m reported value +12.1% vs Q2 2024

72positions

63.6%in top 10

29 new 4 added 8 reduced 40 sold out vs Q2 2024

Options: 3 call positions ($1.7m notional), 8 put positions ($13.0m notional) – listed below, not included above.

Holdings, Q3 2024

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	CHEFS WHSE INC NOTE 2.375%12/1 · principal CHEF 2.375 12.15.28 · principal	CHEF 2.375 12.15.28	7,500,000	$8.9m9.12%	9.12%	New
2	INTEGER HLDGS CORP NOTE 2.125% 2/1 · principal ITGR 2.125 02.15.28 · principal	ITGR 2.125 02.15.28	5,035,000	$8.0m8.19%	8.19%	Added +2.0m	+2,000,000 65.9%
3	ALTAIR ENGR INC NOTE 1.750% 6/1 · principal ALTR 1.75 06.15.27 · principal	ALTR 1.75 06.15.27	5,500,000	$7.9m8.09%	8.09%	Unchanged
4	HUBSPOT INC NOTE 0.375% 6/0 · principal HUBS 0.375 06.01.25 · principal	HUBS 0.375 06.01.25	4,000,000	$7.5m7.77%	7.77%	New
5	POST HLDGS INC NOTE 2.500% 8/1 · principal POST 2.5 08.15.27 · principal	POST 2.5 08.15.27	6,000,000	$7.2m7.38%	7.38%	Unchanged
6	ENVESTNET INC NOTE 0.750% 8/1 · principal ENV 0.75 08.15.25 · principal	ENV 0.75 08.15.25	5,500,000	$5.4m5.61%	5.61%	New
7	FORD MTR CO DEL NOTE 3/1 · principal F 0 03.15.26 · principal	F 0 03.15.26	5,000,000	$4.9m5.04%	5.04%	New
8	GATOS SILVER INC COM COM		261,114	$4.1m4.22%	4.22%	New
9	MOUNTAIN & CO I ACQUISITN CO CLASS A ORD CLASS A ORD		349,401	$4.1m4.21%	4.21%	Unchanged
10	LEARN CW INVESTMENT COR CL A ORD SHS CL A ORD SHS		350,000	$3.8m3.96%	3.96%	Added +300.0k	+300,000 600.0%
11	RIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 · principal RIVN 4.625 03.15.29 · principal	RIVN 4.625 03.15.29	3,000,000	$2.7m2.79%	2.79%	Unchanged
12	TLGY ACQUISITION CORPORATION CLASS A ORD SHS CLASS A ORD SHS		167,958	$1.9m2.00%	2.00%	Reduced -125.0k	-125,000 -42.7%
13	PETIQ INC COM CL A PETQ	PETQ	60,000	$1.8m1.90%	1.90%	New
14	OAK WOODS ACQUISITION CORP CL A OAKU	OAKU	164,069	$1.8m1.88%	1.88%	New
15	LATAMGROWTH SPAC CLASS A ORD SHS CLASS A ORD SHS		155,000	$1.8m1.85%	1.85%	New
16	THE AARONS COMPANY INC COM COM		177,122	$1.8m1.82%	1.82%	Added +100.4k	+100,442 131.0%
17	FORTUNE RISE ACQUISITION COR CL A CL A		150,000	$1.7m1.76%	1.76%	Unchanged
18	PERFICIENT INC COM PRFT	PRFT	20,000	$1.5m1.55%	1.55%	New
19	SMARTSHEET INC COM CL A SMAR	SMAR	25,000	$1.4m1.43%	1.43%	New
20	EVANS BANCORP INC COM NEW EVBN	EVBN	35,416	$1.4m1.42%	1.42%	New
21	AETHERIUM ACQUISITION CORP CLASS A COM CLASS A COM		125,000	$1.4m1.40%	1.40%	New
22	NUVEI CORPORATION SUB VTG SHS NVEI	NVEI	37,533	$1.3m1.29%	1.29%	Unchanged
23	ITERIS INC NEW COM ITI	ITI	168,622	$1.2m1.24%	1.24%	New
24	METAL SKY STAR ACQUISITION C ORDINARY SHARES ORDINARY SHARES		104,915	$1.2m1.24%	1.24%	Added +6.5k	+6,515 6.6%
25	EMBRACE CHANGE ACQUISITN COR ORDINARY SHARES EMCGF	EMCGF	100,000	$1.1m1.18%	1.18%	Reduced -56.5k	-56,489 -36.1%
26	TELLURIAN INC NEW COM TELL	TELL	1,106,403	$1.1m1.10%	1.10%	New
27	HENNESSY CAPITAL INVST CORP CLASS A COM CLASS A COM		100,000	$1.1m1.10%	1.10%	New
28	R1 RCM INC COM COM		65,401	$926.7k0.95%	0.95%	New
29	STERICYCLE INC COM SRCL	SRCL	15,000	$915.0k0.94%	0.94%	New
30	INSTRUCTURE HLDGS INC COM COM		35,019	$824.7k0.85%	0.85%	New
31	MANITEX INTL INC COM MNTX	MNTX	127,887	$720.0k0.74%	0.74%	New
32	AXONICS INC COM AXNX	AXNX	10,000	$696.0k0.72%	0.72%	Reduced -20.0k	-20,000 -66.7%
33	BATTALION OIL CORP COM BATL	BATL	100,000	$667.0k0.69%	0.69%	Reduced -51	-51 -0.1%
34	AUGMEDIX INC COM AUGX	AUGX	266,614	$626.5k0.65%	0.65%	New
35	ENVESTNET INC COM ENV	ENV	10,000	$626.2k0.65%	0.65%	New
36	SQUARESPACE INC CLASS A SQSP	SQSP	12,463	$578.7k0.60%	0.60%	New
37	VECTOR GROUP LTD COM VGR	VGR	37,881	$565.2k0.58%	0.58%	New
38	CEPTON INC COM NEW COM NEW		119,086	$371.5k0.38%	0.38%	New
39	VILLAGE BK & TR FINL CORP COM NEW COM NEW		4,538	$346.0k0.36%	0.36%	New
40	GAN LTD SHS GANGB	GANGB	189,752	$335.9k0.35%	0.35%	Unchanged
41	CANNA GLOBAL ACQUISITION COR CLASS A COM CLASS A COM		29,298	$322.3k0.33%	0.33%	Reduced -20.9k	-20,900 -41.6%
42	ARC DOCUMENT SOLUTIONS INC COM COM		75,028	$253.6k0.26%	0.26%	New
43	SOUTHWESTERN ENERGY CO COM SWN	SWN	30,000	$213.3k0.22%	0.22%	New
44	SEQUANS COMMUNICATIONS S A SPONSORED ADS SPONSORED ADS		40,000	$47.6k0.05%	0.05%	New
45	A SPAC II ACQUISITION CORP RIGHT 10/15/2026 ASCRF	ASCRF	50,000	$25.1k0.03%	0.03%	Unchanged
46	DISTOKEN ACQUISITION CORP RIGHT 99/99/9999 RIGHT 99/99/9999		200,000	$23.7k0.02%	0.02%	Unchanged
47	IRON HORSE ACQUISITIONS CORP RIGHT 99/99/9999 RIGHT 99/99/9999		94,900	$18.1k0.02%	0.02%	Unchanged
48	PONO CAP TWO INC *W EXP 07/31/202 SBCWW	SBCWW	80,000	$12.0k0.01%	0.01%	Unchanged
49	GLOBAL STAR ACQUISITION INC RIGHT 06/21/2024 RIGHT 06/21/2024		80,000	$10.4k0.01%	0.01%	Unchanged
50	CONSILIUM ACQUISITN CORP I L W EXP 06/01/202 W EXP 06/01/202		75,000	$9.0k0.01%	0.01%	Unchanged
51	BANNIX ACQUISITION CORP RIGHT 07/31/2026 RIGHT 07/31/2026		85,000	$7.6k0.01%	0.01%	Unchanged
52	MURANO GLOBAL INVTS PLC *W EXP 03/19/202 MRNOW	MRNOW	40,000	$6.0k0.01%	0.01%	Reduced -10.0k	-10,000 -20.0%
53	DISTOKEN ACQUISITION CORP *W EXP 11/30/202 DISTW	DISTW	200,000	$4.7k0.00%	0.00%	Unchanged
54	COMPLETE SOLARIA INC *W EXP 07/31/202 SPWRW	SPWRW	13,975	$3.8k0.00%	0.00%	Unchanged
55	INFLECTION PT ACQUISITN CRP W EXP 08/31/202 W EXP 08/31/202		12,500	$3.0k0.00%	0.00%	Unchanged
56	IRON HORSE ACQUISITIONS CORP *W EXP 99/99/999 UCFIW	UCFIW	94,900	$2.9k0.00%	0.00%	Unchanged
57	KEEN VISION ACQUISITION CORP *W EXP 03/15/202 KVAWF	KVAWF	59,700	$2.9k0.00%	0.00%	Reduced -300	-300 -0.5%
58	AI TRANSN ACQUISITION CORP RIGHT 09/01/2028 RIGHT 09/01/2028		14,998	$2.5k0.00%	0.00%	Reduced -2	-2 -0.0%
59	HAYMAKER ACQUISITION CORP IV W EXP 05/31/202 W EXP 05/31/202		12,500	$2.1k0.00%	0.00%	Unchanged
60	FOUR LEAF ACQUISITION CORP *W EXP 03/15/202 FORLW	FORLW	40,000	$1.8k0.00%	0.00%	Unchanged
61	BANNIX ACQUISITION CORP W EXP 07/31/202 W EXP 07/31/202		85,000	$1.7k0.00%	0.00%	Unchanged
62	GLOBAL STAR ACQUISITION INC W EXP 07/15/202 W EXP 07/15/202		80,000	$1.6k0.00%	0.00%	Unchanged
63	SRIVARU HOLDING LIMITED *W EXP 12/08/202 SVUWF	SVUWF	75,000	$1.1k0.00%	0.00%	Unchanged
64	MOOLEC SCIENCE SA *W EXP 12/30/202 MLECW	MLECW	25,000	$1.0k0.00%	0.00%	Unchanged
65	A SPAC II ACQUISITION CORP *W EXP 10/15/202 ASCWF	ASCWF	50,000	$9300.00%	0.00%	Unchanged
66	GRIID INFRASTRUCTURE INC W EXP 12/29/202 W EXP 12/29/202		24,300	$8140.00%	0.00%	Unchanged
67	BENEFICIENT *W EXP 06/07/202 BENFW	BENFW	86,250	$7420.00%	0.00%	Unchanged
68	MOUNTAIN & CO I ACQUISITN CO W EXP 09/30/202 W EXP 09/30/202		50,000	$6630.00%	0.00%	Unchanged
69	ISRAEL ACQUISITIONS CORP *W EXP 99/99/999 ISLWF	ISLWF	20,000	$6180.00%	0.00%	Unchanged
70	ONYX ACQUISITION CO I W EXP 11/30/202 W EXP 11/30/202		50,000	$5650.00%	0.00%	Unchanged
71	EMBRACE CHANGE ACQUISITN COR W EXP 10/25/202 W EXP 10/25/202		37,000	$5440.00%	0.00%	Unchanged
72	GOAL ACQUISITIONS CORP *W EXP 02/11/202 PUCKW	PUCKW	20,000	$2900.00%	0.00%	New

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
VEECO INSTRS INC DEL VECO 2.875 06.01.29	VECO 2.875 06.01.29	5,000,000	$8.7m5.0m shares
TORTOISEECOFIN ACQUISITION C		458,582	$5.0m458.6k shares
RIGEL RESOURCE ACQ CORP		400,000	$4.5m400.0k shares
MONTEREY CAP ACQUISITION COR		360,502	$4.1m360.5k shares
EQUITRANS MIDSTREAM CORP ETRN	ETRN	200,000	$2.6m200.0k shares
IX ACQUISITION CORP IXAQF	IXAQF	200,000	$2.3m200.0k shares
GOLDEN STAR ACQUISITION CORP		200,000	$2.2m200.0k shares
OCA ACQUISITION CORP		192,110	$2.2m192.1k shares
BLUE WORLD ACQUISITION CORP		140,593	$1.6m140.6k shares
DOMA HOLDINGS INC		209,199	$1.3m209.2k shares
NATIONAL WESTN LIFE GROUP IN NWLI	NWLI	2,500	$1.2m2.5k shares
WHOLE EARTH BRANDS INC		247,938	$1.2m247.9k shares
ZALATORIS ACQUISITION CORP		95,895	$1.1m95.9k shares
EVERBRIDGE INC EVBG	EVBG	28,545	$998.8k28.5k shares
OVERSEAS SHIPHOLDING GROUP I		117,575	$997.0k117.6k shares
MACATAWA BK CORP		67,425	$984.4k67.4k shares
10X CAPITAL VENTURE ACQ III		87,500	$962.9k87.5k shares
POWERSCHOOL HOLDINGS INC		35,000	$783.6k35.0k shares
HESS CORP HES	HES	4,463	$658.4k4.5k shares
TSR INC		44,684	$597.9k44.7k shares
CONSILIUM ACQUISITN CORP I L		52,757	$593.0k52.8k shares
CORE SCIENTIFIC INC NEW CORZZ	CORZZ	46,600	$405.0k46.6k shares
CEREVEL THERAPEUTICS HLDNG I CERE	CERE	8,918	$364.7k8.9k shares
CLOVER LEAF CAPITAL CORP		23,669	$288.8k23.7k shares
ENPHYS ACQUISITION CORP NFYS	NFYS	25,000	$274.5k25.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES TR HYG · Put	HYG	Put	110,000	$6.5m110.0k shares	New
ALIBABA GROUP HLDG LTD BABA · Put	BABA	Put	30,000	$2.4m30.0k shares	Reduced
FORD MTR CO F · Put	F	Put	200,000	$1.6m200.0k shares	New
RIVIAN AUTOMOTIVE INC RIVN · Put	RIVN	Put	70,000	$622.2k70.0k shares	New
DUN & BRADSTREET HLDGS INC DNB · Call	DNB	Call	70,000	$595.7k70.0k shares	New
DUN & BRADSTREET HLDGS INC DNB · Put	DNB	Put	70,000	$595.7k70.0k shares	New
RIVIAN AUTOMOTIVE INC RIVN · Call	RIVN	Call	75,000	$580.7k75.0k shares	New
VANECK ETF TRUST GDXJ · Put	GDXJ	Put	15,000	$541.3k15.0k shares	New
ALGOMA STL GROUP INC ASTL · Call	ASTL	Call	69,700	$527.2k69.7k shares	New
ISHARES TR TLT · Put	TLT	Put	6,000	$435.2k6.0k shares	New
PELOTON INTERACTIVE INC PTON · Put	PTON	Put	100,000	$346.0k100.0k shares	Added