Crystalline Management Inc.

Montreal, Quebec, Z4 · CIK 1891834 · 13F filing filed 2023-08-09

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)

$141.3m reported value +9.2% vs Q1 2023

129positions

38.6%in top 10

69 new 9 added 8 reduced 49 sold out vs Q1 2023

Holdings, Q2 2023

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	PENN ENTERTAINMENT INC NOTE 2.750% 5/1 · principal PENN 2.75 05.15.26 · principal	PENN 2.75 05.15.26	7,033,000	$8.7m6.19%	6.19%	Added +4.0m	+4,033,000 134.4%
2	UNIVAR SOLUTIONS INC COM UNVR	UNVR	225,400	$8.1m5.72%	5.72%	New
3	PERMIAN RESOURCES CORP NOTE 3.250% 4/0 · principal PR 3.25 04.01.28 · principal	PR 3.25 04.01.28	4,150,000	$8.0m5.67%	5.67%	Reduced -400.0k	-400,000 -8.8%
4	IVERIC BIO INC COM OPHT	OPHT	155,000	$6.1m4.32%	4.32%	New
5	RADIUS GLOBAL INFRASTRCTRE I COM CL A RADIG	RADIG	289,757	$4.3m3.06%	3.06%	New
6	HORIZON THERAPEUTICS PUB L SHS HZNP	HZNP	40,000	$4.1m2.91%	2.91%	Reduced -10.0k	-10,000 -20.0%
7	ARTEMIS STRATEGIC INVT CORP COM CL A COM CL A		360,700	$3.8m2.70%	2.70%	Added +270.0k	+270,000 297.7%
8	DIVERSEY HLDGS LTD ORD SHS ORD SHS		452,101	$3.8m2.68%	2.68%	New
9	BLOCK INC NOTE 0.125% 3/0 · principal XYZ 0.125 03.01.25 · principal	XYZ 0.125 03.01.25	4,000,000	$3.8m2.68%	2.68%	Reduced -3.0m	-3,000,000 -42.9%
10	PATRIA LATIN AMRCN OPPRNTY A CLASS A ORD SHS CLASS A ORD SHS		350,000	$3.8m2.66%	2.66%	New
11	NUVASIVE INC COM NUVA	NUVA	87,056	$3.6m2.56%	2.56%	New
12	PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG PBR.A	PBR.A	279,300	$3.5m2.45%	2.45%	New
13	PONO CAP TWO INC COM SBC	SBC	291,000	$3.0m2.12%	2.12%	Added +211.0k	+211,000 263.8%
14	INNOVIVA INC NOTE 2.500% 8/1 · principal INVA 2.5 08.15.25 · principal	INVA 2.5 08.15.25	3,000,000	$3.0m2.11%	2.11%	Unchanged
15	SYNEOS HEALTH INC CL A INCR	INCR	65,000	$2.7m1.94%	1.94%	New
16	COLOMBIER ACQUISITION CORP CL A CL A		261,058	$2.7m1.90%	1.90%	New
17	QUOTIENT TECHNOLOGY INC COM QUOT	QUOT	650,000	$2.5m1.77%	1.77%	New
18	MURPHY CANYON ACQUISITION CO CLASS A COM CLASS A COM		231,661	$2.5m1.75%	1.75%	Added +24.3k	+24,265 11.7%
19	MALVERN BANCORP INC COM MLVF	MLVF	133,865	$2.1m1.49%	1.49%	Unchanged
20	AROGO CAPITAL ACQUISITION CO CLASS A COM AOGO	AOGO	200,000	$2.1m1.49%	1.49%	New
21	TKB CRITICAL TECHNOLOGIES 1 CLASS A ORD CLASS A ORD		196,644	$2.1m1.48%	1.48%	New
22	ARCONIC CORPORATION COM COM		69,900	$2.1m1.46%	1.46%	New
23	DISTOKEN ACQUISITION CORP ORDINARY SHARES DIST	DIST	200,000	$2.1m1.46%	1.46%	New
24	FORGEROCK INC CL A CL A		100,000	$2.1m1.45%	1.45%	Added +9.9k	+9,883 11.0%
25	BANNIX ACQUISITION CORP COM BNIX	BNIX	195,000	$2.0m1.45%	1.45%	Added +91.7k	+91,734 88.8%
26	U S XPRESS ENTERPRISES INC COM CL A USX	USX	327,955	$2.0m1.43%	1.43%	New
27	M3 BRIGADE ACQUISITION II CO COM CL A COM CL A		196,613	$2.0m1.42%	1.42%	New
28	QUANTUM FINTECH ACQUISTIN CO COMMON STOCK COMMON STOCK		178,124	$1.9m1.31%	1.31%	Reduced -74.9k	-74,876 -29.6%
29	ABSOLUTE SOFTWARE CORP COM COM		155,949	$1.8m1.26%	1.26%	New
30	TESSCO TECHNOLOGIES INC COM TESS	TESS	196,734	$1.8m1.25%	1.25%	New
31	L CATTERTON ASIA ACQUISITION CLASS A ORD SHS LCAA	LCAA	150,000	$1.6m1.11%	1.11%	New
32	POWER & DIGITAL INFRASTRUCTU CLASS A COM CLASS A COM		150,000	$1.6m1.10%	1.10%	Reduced -100.0k	-100,000 -40.0%
33	OCA ACQUISITION CORP COM CL A COM CL A		148,110	$1.6m1.10%	1.10%	Added +67.3k	+67,343 83.4%
34	ZALATORIS ACQUISITION CORP COM CL A COM CL A		150,000	$1.6m1.10%	1.10%	New
35	M3 BRIGADE ACQUISITION III CL A COM CL A COM		140,130	$1.5m1.04%	1.04%	New
36	EMAGIN CORP COM NEW EMAN	EMAN	694,461	$1.4m0.97%	0.97%	New
37	WIRELESS TELECOM GROUP INC COM COM		626,771	$1.3m0.93%	0.93%	New
38	OSISKO DEVELOPMENT CORP COM NEW COM NEW		214,300	$1.3m0.93%	0.93%	New
39	SIRIUS XM HOLDINGS INC COM SIRI	SIRI	247,923	$1.1m0.79%	0.79%	New
40	MIDWEST HLDG INC COM NEW MDWT	MDWT	40,963	$1.1m0.76%	0.76%	New
41	FREEDOM ACQUISITION I CORP SHS CL A SHS CL A		100,305	$1.1m0.75%	0.75%	Added +44.4k	+44,405 79.4%
42	INFINITE ACQUISITION CORP CL A ORD SHS CL A ORD SHS		100,000	$1.1m0.75%	0.75%	Unchanged
43	A SPAC II ACQUISITION CORP ORD SHS CL A ASCBF	ASCBF	100,000	$1.1m0.75%	0.75%	New
44	YOTTA ACQUISITION CORPORATIO COMMON STOCK YOTA	YOTA	100,000	$1.0m0.74%	0.74%	New
45	NEWBURY STREET ACQUISITN COR COM COM		100,000	$1.0m0.73%	0.73%	New
46	COMPASS DIGITAL ACQUISITN CO CLASS A ORD CLASS A ORD		100,000	$1.0m0.73%	0.73%	Unchanged
47	SPECTRUM PHARMACEUTICALS INC COM SPPI	SPPI	1,063,056	$1.0m0.72%	0.72%	New
48	FIRST HORIZON CORPORATION COM FHN	FHN	90,000	$1.0m0.72%	0.72%	Reduced -105.1k	-105,147 -53.9%
49	SEAGEN INC COM SGEN	SGEN	5,000	$962.3k0.68%	0.68%	New
50	BLUESCAPE OPPORTUNITIES ACQU SHS SHS		95,979	$959.8k0.68%	0.68%	New
51	FOCUS FINL PARTNERS INC COM CL A FOCS	FOCS	18,133	$952.2k0.67%	0.67%	New
52	DICE THERAPEUTICS INC COM COM		20,000	$929.2k0.66%	0.66%	New
53	CETUS CAP ACQUISITION CORP CLASS A COM CLASS A COM		85,000	$874.6k0.62%	0.62%	New
54	GLOBAL STAR ACQUISITION INC CLASS A COM CLASS A COM		83,247	$871.6k0.62%	0.62%	Unchanged
55	ACRI CAPITAL ACQUISITION COR COM CL A COM CL A		80,000	$866.0k0.61%	0.61%	Unchanged
56	MOBIV ACQUISITION CORP CLASS A COM CLASS A COM		75,001	$793.1k0.56%	0.56%	Added +1	+1 0.0%
57	ELLIOTT OPPORTUNITY II CORP SHS CL A SHS CL A		75,000	$777.0k0.55%	0.55%	Unchanged
58	FRANCHISE GROUP INC COM COM		25,000	$716.0k0.51%	0.51%	New
59	ALSET CAPITAL ACQUISITION CO CLASS A COM CLASS A COM		60,365	$632.9k0.45%	0.45%	New
60	PAN AMERN SILVER CORP COM PAAS	PAAS	40,000	$583.2k0.41%	0.41%	New
61	ARGO GROUP INTL HLDGS LTD COM AGII	AGII	18,917	$560.1k0.40%	0.40%	New
62	MOUNTAIN & CO I ACQUISITN CO CLASS A ORD CLASS A ORD		49,401	$539.5k0.38%	0.38%	Reduced -50.6k	-50,599 -50.6%
63	LF CAPITAL ACQUISITION CORP CLASS A COM CLASS A COM		45,000	$480.6k0.34%	0.34%	New
64	OAK WOODS ACQUISITION CORP UNIT 03/23/2028 OAKUU	OAKUU	45,000	$471.6k0.33%	0.33%	New
65	STAR HLDGS SHS BEN INT STHO	STHO	29,975	$439.7k0.31%	0.31%	New
66	FOUR LEAF ACQUISITION CORP UNIT 03/15/2028 FORLU	FORLU	40,000	$416.4k0.29%	0.29%	New
67	EMBRACE CHANGE ACQUISITN COR UNIT 03/17/2027 EMCUF	EMCUF	37,000	$397.0k0.28%	0.28%	Unchanged
68	ISHARES TR 20 YR TR BD ETF TLT	TLT	3,700	$380.9k0.27%	0.27%	Reduced -300	-300 -7.5%
69	MIRATI THERAPEUTICS INC COM MRTX	MRTX	10,000	$361.3k0.26%	0.26%	Unchanged
70	HOLLYSYS AUTOMATION TCHNGY L SHS HOLI	HOLI	20,000	$351.8k0.25%	0.25%	Unchanged
71	AP ACQUISITION CORP UNIT 99/99/9999 UNIT 99/99/9999		30,000	$334.1k0.24%	0.24%	Unchanged
72	BERKSHIRE GREY INC COM CL A COM CL A		200,000	$282.0k0.20%	0.20%	New
73	CLOVER LEAF CAPITAL CORP COM CL A COM CL A		23,669	$276.2k0.20%	0.20%	Unchanged
74	INVESTCORP EUROPE ACQUISITIO UNIT 12/15/2026 IVCUF	IVCUF	25,000	$269.2k0.19%	0.19%	Unchanged
75	INFLECTION PT ACQUISITN CRP UNIT 08/29/2031 UNIT 08/29/2031		25,000	$253.0k0.18%	0.18%	New
76	GREENLIGHT BIOSCIENCS HLDS P COMMON STOCK COMMON STOCK		775,000	$231.0k0.16%	0.16%	New
77	ISRAEL ACQUISITIONS CORP UNIT 12/12/2027 ISLUF	ISLUF	20,000	$210.9k0.15%	0.15%	Unchanged
78	HOME PT CAPITAL INCORPORATED COM HMPT	HMPT	87,624	$203.3k0.14%	0.14%	New
79	CHINDATA GROUP HLDGS LTD ADS ADS		27,407	$196.2k0.14%	0.14%	New
80	REUNION NEUROSCIENCE INC COM COM		151,253	$170.9k0.12%	0.12%	New
81	ALCHEMY INVTS ACQUISITN CORP UNIT 11/30/2027 ALCUF	ALCUF	10,000	$102.5k0.07%	0.07%	New
82	OSISKO DEVELOPMENT CORP W EXP 12/01/202 W EXP 12/01/202		379,000	$45.6k0.03%	0.03%	New
83	DISTOKEN ACQUISITION CORP RIGHT 99/99/9999 RIGHT 99/99/9999		200,000	$41.3k0.03%	0.03%	New
84	SOUTHLAND HLDGS INC *W EXP 02/14/202 SLND.WS	SLND.WS	30,500	$32.0k0.02%	0.02%	New
85	CETUS CAP ACQUISITION CORP RIGHT 03/31/2024 RIGHT 03/31/2024		85,000	$21.2k0.02%	0.02%	New
86	CSLM ACQUISITION CORP RIGHT 07/01/2023 RIGHT 07/01/2023		150,000	$17.7k0.01%	0.01%	Unchanged
87	BANNIX ACQUISITION CORP RIGHT 07/31/2026 RIGHT 07/31/2026		85,000	$13.4k0.01%	0.01%	Unchanged
88	GLOBAL STAR ACQUISITION INC RIGHT 06/21/2024 RIGHT 06/21/2024		80,000	$10.3k0.01%	0.01%	Unchanged
89	A SPAC II ACQUISITION CORP RIGHT 10/15/2026 ASCRF	ASCRF	100,000	$9.5k0.01%	0.01%	New
90	CETUS CAP ACQUISITION CORP W EXP 01/31/202 W EXP 01/31/202		85,000	$8.5k0.01%	0.01%	New
91	BANYAN ACQUISITION CORPORATI *W EXP 09/30/202 PNSWQ	PNSWQ	35,000	$7.7k0.01%	0.01%	Unchanged
92	DISTOKEN ACQUISITION CORP *W EXP 11/30/202 DISTW	DISTW	200,000	$7.5k0.01%	0.01%	New
93	INFINITE ACQUISITION CORP W EXP 11/23/202 W EXP 11/23/202		49,975	$6.6k0.00%	0.00%	Unchanged
94	PHENOMEX INC COM BLI	BLI	12,092	$5.9k0.00%	0.00%	New
95	FREEDOM ACQUISITION I CORP *W EXP 99/99/999 SPWRW	SPWRW	13,975	$5.9k0.00%	0.00%	Unchanged
96	AMBIPAR EMERGENCY RESPONSE *W EXP 99/99/999 AMBWQ	AMBWQ	10,000	$5.0k0.00%	0.00%	New
97	COMPASS DIGITAL ACQUISITN CO W EXP 09/29/202 W EXP 09/29/202		33,333	$5.0k0.00%	0.00%	Unchanged
98	PONO CAP TWO INC *W EXP 07/31/202 SBCWW	SBCWW	80,000	$4.8k0.00%	0.00%	Unchanged
99	OPY ACQUISITION CORP I W EXP 09/22/202 W EXP 09/22/202		50,000	$4.3k0.00%	0.00%	Unchanged
100	BENEFICIENT *W EXP 06/07/202 BENFW	BENFW	86,250	$4.1k0.00%	0.00%	New

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
GLAUKOS CORP GKOS 2.75 06.15.27	GKOS 2.75 06.15.27	6,000,000	$7.4m6.0m shares
AMERICAN AIRLINES GROUP INC AAL 6.5 07.01.25	AAL 6.5 07.01.25	5,500,000	$6.8m5.5m shares
SHAW COMMUNICATIONS INC		165,000	$6.5m165.0k shares
IROBOT CORP IRBT	IRBT	129,893	$5.8m129.9k shares
MONEYGRAM INTL INC MGI	MGI	420,000	$4.5m420.0k shares
UNITED STATES STL CORP X 5 11.01.26	X 5 11.01.26	2,000,000	$4.5m2.0m shares
YAMANA GOLD INC YRI	YRI	652,871	$3.9m652.9k shares
APOLLO ENDOSURGERY INC		308,646	$3.0m308.6k shares
AVALON ACQUISITION INC		265,000	$2.7m265.0k shares
TALON 1 ACQUISITION CORP		249,954	$2.6m250.0k shares
MAXAR TECHNOLOGIES INC MAXR	MAXR	49,971	$2.6m50.0k shares
EURONAV NV CMBT	CMBT	97,224	$1.5m97.2k shares
BANYAN ACQUISITION CORPORATI PNSTQ	PNSTQ	135,000	$1.4m135.0k shares
TEGNA INC TGNA	TGNA	65,000	$1.3m65.0k shares
TPG PACE BENEFICIAL II CORP		130,000	$1.3m130.0k shares
SPDR S&P 500 ETF TR SPY	SPY	2,920	$1.2m2.9k shares
AXIOS SUSTAINABLE GRW ACQ CO AXAC	AXAC	100,100	$1.0m100.1k shares
ONYX ACQUISITION CO I		100,000	$1.0m100.0k shares
HCM ACQUISITION CO		100,000	$1.0m100.0k shares
A SPAC II ACQUISITION CORP ASUUF	ASUUF	100,000	$1.0m100.0k shares
JUPITER ACQUISITION CORP		100,000	$1.0m100.0k shares
ALPHABET INC GOOGL	GOOGL	10,000	$988.4k10.0k shares
JAWS MUSTANG ACQUISITION COR JWSMF	JWSMF	95,932	$972.8k95.9k shares
LIBERTY GLOBAL PLC LBTYK	LBTYK	27,490	$614.4k27.5k shares
ICONIC SPORTS ACQUISITION CO		50,000	$536.8k50.0k shares