Q3 2025 · 13F-HR
Saba Capital Management, L.P.holdings as filed
Filed 2025-11-14 · accession 0001062993-25-016858
$3.66B
Reported value
329
Positions
2025-09-30
Period end
The Brief · Saba Capital Management, L.P. · Q3 2025
AI · grounded in 13F
Saba Capital Management, L.P. established a new position in ECAT valued at $455.9M. The fund also initiated new stakes in ASA for $213.3M and PDX for $186.7M. Other new additions include XGDVX at $165.9M and GAM at $127M. Total assets under management stand at $3.66B across 310 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 09262F100 | ECAT | BLACKROCK ESG CAP ALLC TERM | $455.9M | 12.5% | 27,800,724 | Common | SOLE |
| G3156P103 | ASA | ASA GOLD AND PRECIOUS MTLS L | $213.3M | 5.83% | 4,656,677 | Common | SOLE |
| 69346N107 | PDX | PIMCO DYNAMIC INCOME STRATEG | $186.7M | 5.11% | 7,489,207 | Common | SOLE |
| 36242H104 | XGDVX | GABELLI DIVID & INCOME TR | $165.9M | 4.54% | 6,114,312 | Common | SOLE |
| 368802104 | GAM | GENERAL AMERN INVS CO INC | $127.0M | 3.47% | 2,041,561 | Common | SOLE |
| 64133Q108 | NBXG | NEUBERGER BERMAN NEXT GENERA | $118.8M | 3.25% | 7,721,404 | Common | SOLE |
| 92840R101 | NFJ | VIRTUS DIVIDEND INTEREST & P | $97.7M | 2.67% | 7,507,958 | Common | SOLE |
| 56064Q107 | MEGI | NYLI CBRE GBL INFR MEGTRNDS | $91.9M | 2.51% | 6,259,969 | Common | SOLE |
| 097023105 | BA | BOEING CO | $84.3M | 2.30% | 390,500 | PUT | SOLE |
| 09260K101 | BSTZ | BLACKROCK SCIENCE & TECHNOLO | $81.9M | 2.24% | 3,693,995 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $78.1M | 2.14% | 483,000 | PUT | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $70.4M | 1.92% | 377,100 | PUT | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $67.1M | 1.84% | 559,000 | PUT | SOLE |
| 00548F105 | PEO | ADAM NAT RES FD INC | $57.8M | 1.58% | 2,687,324 | Common | SOLE |
| 670972108 | XNQPX | NUVEEN PENNSYLVANIA QLT MUN | $56.6M | 1.55% | 4,718,866 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $54.8M | 1.50% | 105,800 | PUT | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $44.3M | 1.21% | 216,200 | PUT | SOLE |
| 27828A100 | XEVMX | EATON VANCE CALIF MUN BD FD | $43.1M | 1.18% | 4,544,380 | Common | SOLE |
| 87911K100 | HQL | ABRDN LIFE SCIENCES INVESTOR | $40.1M | 1.10% | 2,586,652 | Common | SOLE |
| 27827Y109 | XENWX | EATON VANCE NEW YORK MUN BD | $38.4M | 1.05% | 3,898,946 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $37.5M | 1.03% | 383,100 | PUT | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $36.8M | 1.01% | 221,000 | PUT | SOLE |
| 05588W108 | LEO | BNY MELLON STRATEGIC MUNS IN | $35.6M | 0.97% | 5,698,819 | Common | SOLE |
| 01864U106 | AFB | ALLIANCEBERNSTEIN NATL MUN I | $33.4M | 0.91% | 3,081,299 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $33.3M | 0.91% | 295,300 | PUT | SOLE |
| 09662E109 | DSM | BNY MELLON STRATEGIC MUN BD | $30.5M | 0.83% | 5,152,591 | Common | SOLE |
| 09248E102 | XBFZX | BLACKROCK CALIF MUN INCOME T | $30.3M | 0.83% | 2,768,024 | Common | SOLE |
| 006212104 | ADX | ADAMS DIVERSIFIED EQUITY FD | $29.9M | 0.82% | 1,339,238 | Common | SOLE |
| 092501105 | XBOEX | BLACKROCK ENHANCED GLOBAL DI | $27.7M | 0.76% | 2,394,538 | Common | SOLE |
| 61745C105 | IIF | MORGAN STANLEY INDIA INVT FD | $26.8M | 0.73% | 1,016,952 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $25.5M | 0.70% | 1,391,463 | Common | SOLE |
| 592835102 | MXF | MEXICO FD INC | $25.2M | 0.69% | 1,277,694 | Common | SOLE |
| 948596101 | WB | WEIBO CORP | $25.0M | 0.68% | 2,015,063 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $24.1M | 0.66% | 49,200 | PUT | SOLE |
| 47109U104 | JOF | JAPAN SMALLER CAPITALIZATION | $24.0M | 0.66% | 2,276,584 | Common | SOLE |
| 880198205 | SABA | SABA CAPITAL INCOME & OPPORT | $24.0M | 0.66% | 2,629,802 | Common | SOLE |
| 43010E404 | HFRO | HIGHLAND OPPS & INCOME FD | $23.7M | 0.65% | 3,729,880 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $23.1M | 0.63% | 51,900 | PUT | SOLE |
| 780910105 | RVT | ROYCE SMALL CAP TRUST INC | $22.6M | 0.62% | 1,404,173 | Common | SOLE |
| 644465106 | GF | NEW GERMANY FD INC | $22.6M | 0.62% | 1,954,112 | Common | SOLE |
| 895436103 | TY | TRI CONTL CORP | $22.0M | 0.60% | 647,684 | Common | SOLE |
| 12047B105 | BMBL | BUMBLE INC | $21.3M | 0.58% | 3,498,626 | Common | SOLE |
| G9471C206 | EVTL | VERTICAL AEROSPACE LTD | $21.3M | 0.58% | 4,097,857 | Common | SOLE |
| 25065A502 | DMA | DESTRA MULTI-ALTERNATIVE FD | $19.3M | 0.53% | 2,235,144 | Common | SOLE |
| 289074106 | ECF | ELLSWORTH GROWTH & INCOME FD | $19.0M | 0.52% | 1,635,252 | Common | SOLE |
| 36246K103 | GRX | GABELLI HLTHCARE & WELLNESS | $18.6M | 0.51% | 2,051,035 | Common | SOLE |
| 27901F109 | XTEAX | TORTOISE SUSTAINABLE & SOCIA | $18.2M | 0.50% | 1,549,226 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $17.9M | 0.49% | 120,700 | PUT | SOLE |
| G7515A103 | RDAG | REPUBLIC DIGITAL ACQUISITION | $16.8M | 0.46% | 1,650,000 | Common | SOLE |
| 09260U109 | BCAT | BLACKROCK CAP ALLOCATION TER | $15.9M | 0.44% | 1,078,049 | Common | SOLE |
| G9R39C103 | WENN | WEN ACQUISITION CORP | $15.8M | 0.43% | 1,563,222 | Common | SOLE |
| 67075F105 | XDIAX | NUVEEN DOW 30 DYNMC OVERWRT | $15.4M | 0.42% | 1,034,426 | Common | SOLE |
| 18914E106 | GLO | CLOUGH GLOBAL OPPORTUNITIES | $15.2M | 0.42% | 2,668,599 | Common | SOLE |
| 780915104 | RMT | ROYCE MICRO-CAP TR INC | $14.6M | 0.40% | 1,408,081 | Common | SOLE |
| 09248L106 | XBNYX | BLACKROCK N Y MUN INCOME TRU | $13.8M | 0.38% | 1,361,044 | Common | SOLE |
| 92912J102 | IAE | VOYA ASIA PAC HIGH DIV EQT I | $13.6M | 0.37% | 1,816,687 | Common | SOLE |
| 09662W109 | DMB | BNY MELLON MUN BD INFRASTRUC | $13.4M | 0.37% | 1,249,045 | Common | SOLE |
| G68707101 | PAGS | PAGSEGURO DIGITAL LTD | $12.9M | 0.35% | 1,293,415 | Common | SOLE |
| 09257A108 | BCX | BLACKROCK RES & COMMODITIES | $12.8M | 0.35% | 1,260,680 | Common | SOLE |
| 874036106 | TWN | TAIWAN FD INC | $12.3M | 0.34% | 226,694 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $11.3M | 0.31% | 85,800 | PUT | SOLE |
| 78573M104 | SABR | SABRE CORP | $11.1M | 0.30% | 6,050,565 | Common | SOLE |
| 92912P108 | IHD | VOYA EMERGING MKTS HIGH DIVI | $11.0M | 0.30% | 1,748,915 | Common | SOLE |
| 83304A106 | SNAP | SNAP INC | $11.0M | 0.30% | 1,421,784 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $10.8M | 0.30% | 209,900 | PUT | SOLE |
| G7010A129 | PMTR | PERIMETER ACQUISITION CORP I | $10.7M | 0.29% | 1,055,870 | Common | SOLE |
| 64124P101 | NBH | NEUBERGER BERMAN MUN FD INC | $10.4M | 0.29% | 1,012,131 | Common | SOLE |
| 140501AE7 | CSWC 5.125 11/15/29 | CAPITAL SOUTHWEST CORP | $9.9M | 0.27% | 10,000,000 | Common | SOLE |
| G4365E103 | HCMA | HCM III ACQUISITION CORP | $9.6M | 0.26% | 949,650 | Common | SOLE |
| 670750108 | NMAI | NUVEEN MULTI ASSET INCOME FU | $9.5M | 0.26% | 734,195 | Common | NONE |
| 72200N106 | XPCQX | PIMCO CALIF MUN INCOME FD | $9.4M | 0.26% | 1,079,027 | Common | SOLE |
| G7257A105 | PCAP | PROCAP ACQUISITION CORP | $9.2M | 0.25% | 895,996 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $9.1M | 0.25% | 69,068 | Common | SOLE |
| G2868C103 | DAAQ | DIGITAL ASSET ACQUISITION CO | $8.7M | 0.24% | 850,000 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $8.5M | 0.23% | 70,400 | PUT | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $8.5M | 0.23% | 45,569 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $8.4M | 0.23% | 52,055 | Common | SOLE |
| 85512G106 | STHO | STAR HLDGS | $8.3M | 0.23% | 1,012,616 | Common | SOLE |
| 59318D104 | CXE | MFS HIGH INCOME MUN TR | $8.3M | 0.23% | 2,218,692 | Common | SOLE |
| G73944103 | RAAQ | REAL ASSET ACQUISITION CORP | $8.1M | 0.22% | 797,246 | Common | SOLE |
| G6757R105 | ONCH | 1RT ACQUISITION CORP. | $8.1M | 0.22% | 774,932 | Common | SOLE |
| G0R78B122 | BCSS/U | BAIN CAP GSS INVT CORP | $8.1M | 0.22% | 800,000 | Common | SOLE |
| G9009S129 | BLZRU | TRAILBLAZER ACQUISITION CORP | $8.0M | 0.22% | 786,316 | Common | SOLE |
| G3106Q102 | EVAC | EQV VENTURES AC CORP. II | $7.6M | 0.21% | 759,738 | Common | SOLE |
| 097023105 | BA | BOEING CO | $7.5M | 0.21% | 34,779 | Common | SOLE |
| 36465E101 | GNT | GAMCO NAT RES GOLD & INCOME | $7.3M | 0.20% | 1,045,186 | Common | SOLE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $7.3M | 0.20% | 700,000 | Common | SOLE |
| G2254C121 | CCII | COHEN CIRCLE ACQUISIT CORP I | $6.9M | 0.19% | 684,000 | Common | SOLE |
| 059695106 | BCV | BANCROFT FD LTD | $6.9M | 0.19% | 314,539 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $6.7M | 0.18% | 192,600 | PUT | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $6.5M | 0.18% | 39,004 | Common | SOLE |
| 09254L107 | MUC | BLACKROCK MUNIHLDNGS CALI QL | $6.5M | 0.18% | 596,597 | Common | SOLE |
| 25400Q105 | DJT | TRUMP MEDIA & TECHNOLOGY GRO | $6.4M | 0.17% | 388,802 | Common | SOLE |
| 88018T101 | TDF | TEMPLETON DRAGON FD INC | $6.3M | 0.17% | 539,260 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $6.2M | 0.17% | 160,000 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $6.0M | 0.16% | 89,800 | PUT | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $5.8M | 0.16% | 11,739 | Common | SOLE |
| 64828T201 | RITM | RITHM CAPITAL CORP | $5.7M | 0.16% | 500,000 | PUT | SOLE |
| 94987C103 | EOD | ALLSPRING GLOBAL DIVIDEND OP | $5.7M | 0.16% | 996,353 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $5.6M | 0.15% | 57,158 | Common | SOLE |
| 534187109 | LNC | LINCOLN NATL CORP IND | $5.4M | 0.15% | 134,392 | Common | SOLE |
| 86887P309 | BNC | CEA INDUSTRIES INC | $5.3M | 0.15% | 683,174 | Common | SOLE |
| 85571BBA2 | STWD 6.75 07/15/27 | STARWOOD PPTY TR INC | $5.3M | 0.15% | 5,000,000 | Common | SOLE |
| G0701G125 | BDCIU | BTC DEV CORP | $5.3M | 0.14% | 525,000 | Common | SOLE |
| 444097109 | — | HUDSON PAC PPTYS INC | $5.2M | 0.14% | 1,876,339 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $5.2M | 0.14% | 500,000 | Common | SOLE |
| 92538J106 | VERX | VERTEX INC | $5.0M | 0.14% | 203,474 | Common | SOLE |
| 552738106 | MFM | MFS MUN INCOME TR | $5.0M | 0.14% | 918,910 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $4.8M | 0.13% | 32,224 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $4.7M | 0.13% | 22,948 | Common | SOLE |
| 617468103 | XCAFX | MORGAN STANLEY CHINA A SH FD | $4.6M | 0.13% | 275,011 | Common | SOLE |
| 626717102 | MUR | MURPHY OIL CORP | $4.6M | 0.12% | 160,298 | Common | SOLE |
| 00306J109 | XJEQX | ABRDN JAPAN EQUITY FUND INC | $4.3M | 0.12% | 551,552 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $4.1M | 0.11% | 406,500 | Common | SOLE |
| 31423P108 | FMN | FEDERATED HERMES PREM MUNI I | $4.1M | 0.11% | 374,908 | Common | SOLE |
| 29082K105 | EMBC | EMBECTA CORP | $4.1M | 0.11% | 292,209 | Common | SOLE |
| 00130H105 | AES | AES CORP | $4.1M | 0.11% | 311,582 | Common | SOLE |
| 18914C100 | XGLQX | CLOUGH GLOBAL EQUITY FD | $4.1M | 0.11% | 535,253 | Common | SOLE |
| 64129H104 | NML | NEUBERGER BERMAN ENERGY INFR | $4.0M | 0.11% | 464,003 | Common | SOLE |
| 67069Y102 | XNXJX | NUVEEN NEW JERSEY QULT MUN F | $4.0M | 0.11% | 319,759 | Common | NONE |
| 18913Y103 | GLV | CLOUGH GLOBAL DIVID & INCOME | $3.7M | 0.10% | 628,316 | Common | SOLE |
| 909214306 | UIS | UNISYS CORP | $3.6M | 0.10% | 935,855 | Common | SOLE |
| 27826F101 | CEV | EATON VANCE CALIF MUN INCOM | $3.6M | 0.10% | 352,693 | Common | SOLE |
| 345370860 | F | FORD MTR CO | $3.5M | 0.10% | 292,800 | PUT | SOLE |
| 88339P101 | REAL | THE REALREAL INC | $3.5M | 0.10% | 327,967 | Common | SOLE |
| 92337U302 | TONX | TON STRATEGY CO | $3.4M | 0.09% | 488,263 | Common | SOLE |
| 974637100 | WGO | WINNEBAGO INDS INC | $3.4M | 0.09% | 101,884 | Common | SOLE |
| 75605Y106 | — | ANYWHERE REAL ESTATE INC | $3.3M | 0.09% | 309,691 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $3.2M | 0.09% | 28,466 | Common | SOLE |
| 72369J102 | XPHDX | PIONEER FLOATING RATE FUND I | $3.2M | 0.09% | 319,614 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $3.2M | 0.09% | 26,210 | Common | SOLE |
| G1827P106 | CEPT | CANTOR EQUITY PARTNERS II IN | $3.2M | 0.09% | 300,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $3.1M | 0.09% | 175,000 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $3.1M | 0.09% | 80,000 | Common | SOLE |
| 03879J100 | ABUS | ARBUTUS BIOPHARMA CORP | $3.1M | 0.08% | 678,771 | Common | SOLE |
| 20337X109 | VISN | COMMSCOPE HLDG CO INC | $3.1M | 0.08% | 197,184 | Common | SOLE |
| 68236V302 | — | ETHZILLA CORPORATION | $3.0M | 0.08% | 1,265,037 | Common | SOLE |
| 731105201 | PSNY | POLESTAR AUTOMOTIVE HLDG UK | $3.0M | 0.08% | 3,193,804 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $2.9M | 0.08% | 22,139 | Common | SOLE |
| 203668108 | CYH | COMMUNITY HEALTH SYS INC NEW | $2.9M | 0.08% | 900,808 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $2.8M | 0.08% | 60,000 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $2.8M | 0.08% | 6,296 | Common | SOLE |
| 680665205 | OLN | OLIN CORP | $2.8M | 0.08% | 111,447 | Common | SOLE |
| 12811L107 | CHW | CALAMOS GBL DYN INCOME FUND | $2.8M | 0.08% | 368,645 | Common | SOLE |
| 47804L102 | HEQ | JOHN HANCOCK DIVERSIFIED INC | $2.7M | 0.07% | 253,370 | Common | SOLE |
| G3730U123 | FCRS/U | FUTURECREST ACQUISITION CORP | $2.6M | 0.07% | 249,900 | Common | SOLE |
| G8377R127 | SVACU | SPRING VY ACQUISITION CORP I | $2.6M | 0.07% | 250,000 | Common | SOLE |
| 82452JAB5 | FOUR 0 12/15/25 | SHIFT4 PMTS INC | $2.6M | 0.07% | 2,500,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $2.5M | 0.07% | 123,914 | Common | SOLE |
| G2086N113 | CHECU | CHENGHE ACQUISITION III CO | $2.5M | 0.07% | 252,900 | Common | SOLE |
| G6791A126 | OTGAU | OTG ACQUISITION CORP. I | $2.5M | 0.07% | 250,000 | Common | SOLE |
| G63221124 | MBVIU | M3-BRIGADE ACQUISITION VI CO | $2.5M | 0.07% | 247,577 | Common | SOLE |
| 125269100 | CF | CF INDS HLDGS INC | $2.4M | 0.07% | 26,800 | PUT | SOLE |
| 12504L109 | CBRE | CBRE GROUP INC | $2.4M | 0.06% | 15,000 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $2.2M | 0.06% | 110,773 | Common | SOLE |
| H42097107 | UBS | UBS GROUP AG | $2.2M | 0.06% | 53,700 | PUT | SOLE |
| 92892B103 | VOYG | VOYAGER TECHNOLOGIES INC | $2.1M | 0.06% | 69,665 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $2.1M | 0.06% | 30,835 | Common | SOLE |
| G86652115 | TLNCU | TALON CAP CORP | $2.0M | 0.05% | 198,517 | Common | SOLE |
| 20451Q104 | CODI | COMPASS DIVERSIFIED | $2.0M | 0.05% | 300,932 | Common | SOLE |
| G2851K120 | DMIIU | DRUGS MADE IN AMER ACQ II CO | $2.0M | 0.05% | 199,500 | Common | SOLE |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM ACQU | $1.9M | 0.05% | 169,900 | Common | SOLE |
| 870875101 | SWZ | TOTAL RETURN SECURITIES FUND | $1.8M | 0.05% | 302,612 | Common | SOLE |
| 25460G823 | UBOT | DIREXION SHS ETF TR | $1.8M | 0.05% | 73,068 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS INC NEW | $1.8M | 0.05% | 2,000,000 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $1.7M | 0.05% | 28,600 | Common | SOLE |
| 238337109 | PLAY | DAVE & BUSTERS ENTMT INC | $1.7M | 0.05% | 95,309 | Common | SOLE |
| 486606106 | KYN | KAYNE ANDERSON ENERGY INFRST | $1.7M | 0.05% | 139,244 | Common | NONE |
| M1R95N100 | ARBE | ARBE ROBOTICS LTD | $1.6M | 0.05% | 1,000,000 | Common | SOLE |
| 46222L116 | IONQ/WS | IONQ INC | $1.6M | 0.04% | 32,248 | Common | SOLE |
| 92864V608 | EMPD | EMPERY DIGITAL INC | $1.6M | 0.04% | 211,346 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $1.5M | 0.04% | 94,800 | PUT | SOLE |
| 87911J103 | HQH | ABRDN HEALTHCARE INVESTORS | $1.5M | 0.04% | 80,556 | Common | NONE |
| 376535AG5 | GLAD 5.875 10/01/30 | GLADSTONE CAP CORP | $1.5M | 0.04% | 1,500,000 | Common | SOLE |
| 592834105 | MXE | MEXICO EQUITY & INCOME FD | $1.4M | 0.04% | 118,600 | Common | SOLE |
| 74255X104 | PGZ | PRINCIPAL REAL ESTATE INCOME | $1.4M | 0.04% | 132,451 | Common | NONE |
| 24610T108 | VFL | ABRDN NATL MUN INCOME FD | $1.3M | 0.04% | 130,523 | Common | SOLE |
| G32089107 | ETOR | ETORO GROUP LTD | $1.3M | 0.04% | 31,441 | Common | SOLE |
| 09257P105 | BTT | BLACKROCK MUN TARGET TERM TR | $1.2M | 0.03% | 53,509 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $1.1M | 0.03% | 2,061 | Common | SOLE |
| 89147L886 | TYG | TORTOISE ENERGY INFRA CORP | $987,580 | 0.03% | 22,919 | Common | NONE |
| G9087Q102 | TROX | TRONOX HOLDINGS PLC | $983,561 | 0.03% | 244,667 | Common | SOLE |
| 500634209 | KF | KOREA FD INC | $977,167 | 0.03% | 31,949 | Common | SOLE |
| G7490F101 | RTAC | RENATUS TACTICAL ACQUIS | $963,833 | 0.03% | 88,344 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $936,117 | 0.03% | 26,993 | Common | SOLE |
| 95766R104 | WIW | WESTERN AST INFL LKD OPP & I | $889,000 | 0.02% | 100,000 | Common | NONE |
| 20451W101 | CMPS | COMPASS PATHWAYS PLC | $865,419 | 0.02% | 151,033 | Common | SOLE |
| 880191101 | EMF | TEMPLETON EMERGING MKTS FD | $751,107 | 0.02% | 44,869 | Common | SOLE |
| G2662B111 | CRMLW | CRITICAL METALS CORP | $668,224 | 0.02% | 317,899 | Common | SOLE |
| G7515A129 | RDAGW | REPUBLIC DIGITAL ACQUISITION | $636,499 | 0.02% | 949,999 | Common | SOLE |
| 387432107 | GRNT | GRANITE RIDGE RESOURCES INC | $626,900 | 0.02% | 115,878 | Common | SOLE |
| 092915115 | BZAIW | BLAIZE HLDGS INC | $614,912 | 0.02% | 989,878 | Common | SOLE |
| G9R39C111 | WENNW | WEN ACQUISITION CORP | $564,477 | 0.02% | 981,614 | Common | SOLE |
| G2949D112 | DYNCW | DYNAMIX CORP | $532,317 | 0.01% | 252,283 | Common | SOLE |
| 92838X805 | NCV | VIRTUS CONVERTIBLE & INCOME | $483,660 | 0.01% | 32,244 | Common | SOLE |
| 20459V113 | CMPOW | COMPOSECURE INC | $481,917 | 0.01% | 37,753 | Common | SOLE |
| G83752116 | — | SPRING VALLEY ACQUISTN CORP | $463,747 | 0.01% | 349,998 | Common | SOLE |
| G1169T138 | BACQR | BLEICHROEDER ACQUISITION COR | $460,473 | 0.01% | 719,489 | Common | SOLE |
| 64828T201 | RITM | RITHM CAPITAL CORP | $455,600 | 0.01% | 40,000 | Common | SOLE |
| 125269100 | CF | CF INDS HLDGS INC | $449,666 | 0.01% | 5,013 | Common | SOLE |
| G5568L117 | LZM/WS | LIFEZONE METALS LIMITED | $421,941 | 0.01% | 733,811 | Common | SOLE |
| 29415C101 | EOSE | EOS ENERGY ENTERPRISES INC | $398,650 | 0.01% | 35,000 | PUT | SOLE |
| 29415C101 | EOSE | EOS ENERGY ENTERPRISES INC | $398,650 | 0.01% | 35,000 | Common | SOLE |
| 68386H111 | OPFI/WS | OPPFI INC | $345,519 | 0.01% | 153,564 | Common | SOLE |
| 09174P113 | BTMWW | BITCOIN DEPOT INC | $336,733 | 0.01% | 1,357,795 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $335,600 | 0.01% | 10,000 | Common | SOLE |
| G7010A111 | PMTRW | PERIMETER ACQUISITION CORP I | $332,935 | 0.01% | 554,845 | Common | SOLE |
| G2868C111 | DAAQW | DIGITAL ASSET ACQUISITION CO | $320,399 | 0.01% | 471,140 | Common | SOLE |
| 306121112 | FBYDW | FALCONS BEYOND GLOBAL INC | $313,911 | 0.01% | 186,852 | Common | SOLE |
| 92835W107 | ZTR | VIRTUS TOTAL RETURN FD INC | $307,310 | 0.01% | 47,645 | Common | SOLE |
| G43658122 | IMSRW | HCM II ACQUISITION CORP | $295,305 | 0.01% | 48,932 | Common | SOLE |
| G73944111 | RAAQW | REAL ASSET ACQUISITION CORP | $292,321 | 0.01% | 687,813 | Common | SOLE |
| 345370860 | F | FORD MTR CO | $291,692 | 0.01% | 24,389 | Common | SOLE |
| 02156K103 | OPTU | ALTICE USA INC | $290,287 | 0.01% | 120,451 | Common | SOLE |
| 29103K118 | FLDDW | FOLD HLDGS INC | $285,389 | 0.01% | 568,730 | Common | SOLE |
| G1051H119 | TACOW | BERTO ACQUISITION CORP | $278,454 | 0.01% | 406,561 | Common | SOLE |
| 76883Y107 | RFMZ | RIVERNORTH FLEXIBLE MUNI INC | $275,055 | 0.01% | 21,077 | Common | NONE |
| G83752132 | SVIRF | SPRING VALLEY ACQUISTN CORP | $255,475 | 0.01% | 500,000 | Common | SOLE |
| G4365E111 | HCMAW | HCM III ACQUISITION CORP | $235,833 | 0.01% | 333,333 | Common | SOLE |
| 612160119 | AIRJW | AIRJOULE TECHNOLOGIES CORP | $234,300 | 0.01% | 275,647 | Common | SOLE |
| 09253T101 | XMVTX | BLACKROCK MUNIVEST FD II INC | $233,105 | 0.01% | 21,929 | Common | NONE |
| G1331C112 | BGLWW | BLUE GOLD LTD | $231,882 | 0.01% | 484,298 | Common | SOLE |
| G47875110 | IPCXR | INFLECTION PT ACQUISITION CO | $227,929 | 0.01% | 512,200 | Common | SOLE |
| G7257A121 | PCAPW | PROCAP ACQUISITION CORP | $224,999 | 0.01% | 333,332 | Common | SOLE |
| G63212115 | MBAVW | M3BRIGADE ACQUISITION V CORP | $199,888 | 0.01% | 149,170 | Common | SOLE |
| 12812C106 | CPZ | CALAMOS LNG SHR EQT DYNAMIC | $183,093 | 0.01% | 11,330 | Common | NONE |
| G6757R113 | ONCHW | 1RT ACQUISITION CORP. | $177,998 | 0.00% | 199,998 | Common | SOLE |
| G0R38G112 | XRPNW | ARMADA ACQUISITION CORP II | $174,399 | 0.00% | 183,597 | Common | SOLE |
| G1152A120 | FUFUW | BITFUFU INC | $165,697 | 0.00% | 414,140 | Common | SOLE |
| 64107A113 | NPWR/WS | NET POWER INC | $154,488 | 0.00% | 205,984 | Common | SOLE |
| G2254C113 | CCIIW | COHEN CIRCLE ACQUISIT CORP I | $149,999 | 0.00% | 187,499 | Common | SOLE |
| 94987E109 | ERH | ALLSPRING UTILITIES AND HIGH | $139,362 | 0.00% | 11,257 | Common | NONE |
| 36170N115 | GCTS/WS | GCT SEMICONDUCTOR HLDG INC | $137,653 | 0.00% | 710,648 | Common | SOLE |
| 27829C105 | ETW | EATON VANCE TAX-MANAGED GLOB | $135,985 | 0.00% | 15,026 | Common | NONE |
| 092524107 | XBGYX | BLACKROCK ENHANCED INTL DIV | $134,579 | 0.00% | 23,405 | Common | NONE |
| 29286M113 | — | ENGENE HOLDINGS INC | $127,509 | 0.00% | 178,334 | Common | SOLE |
| G3106N117 | FTW | EQV VENTURES ACQUISITION COR | $111,643 | 0.00% | 235,038 | Common | SOLE |
| 171756117 | DAICW | CID HOLDCO INC | $109,815 | 0.00% | 726,048 | Common | SOLE |
| G7633M112 | DRDBW | ROMAN DBDR ACQUISITION CORP | $89,710 | 0.00% | 174,262 | Common | SOLE |
| G49667119 | ISLWF | ISRAEL ACQUISITIONS CORP | $86,869 | 0.00% | 472,500 | Common | SOLE |
| G3106Q128 | EVAC/WS | EQV VENTURES AC CORP. II | $82,462 | 0.00% | 336,579 | Common | SOLE |
| G6363K114 | — | NABORS ENERGY TRANSITION COR | $81,780 | 0.00% | 352,804 | Common | SOLE |
| G5509P110 | LOKVW | LIVE OAK ACQUISITION CORP V | $79,726 | 0.00% | 164,350 | Common | SOLE |
| 64550A115 | HOVRW | NEW HORIZON AIRCRAFT LTD | $77,488 | 0.00% | 199,659 | Common | SOLE |
| 91060H116 | UHG | UNITED HOMES GROUP INC | $76,961 | 0.00% | 45,810 | Common | SOLE |
| 343928115 | FLYX/WS | FLYEXCLUSIVE INC | $73,184 | 0.00% | 230,500 | Common | SOLE |
| G32901129 | FACTW | FACT II ACQUISITION CORP | $71,193 | 0.00% | 237,350 | Common | SOLE |
| 008940116 | AISPW | AIRSHIP AI HLDGS INC | $71,127 | 0.00% | 42,591 | Common | SOLE |
| G6004G118 | MACIW | MELAR ACQUISITION CORP. I | $68,589 | 0.00% | 438,551 | Common | SOLE |
| G7490F127 | RTACW | RENATUS TACTICAL ACQUIS | $68,234 | 0.00% | 56,866 | Common | SOLE |
| 83422N113 | SLDPW | SOLID POWER INC | $65,487 | 0.00% | 154,086 | Common | SOLE |
| 182744110 | KIDZW | CLASSOVER HLDGS INC | $56,083 | 0.00% | 699,290 | Common | SOLE |
| 91823B117 | UWMC | UWM HOLDINGS CORPORATION | $52,828 | 0.00% | 380,604 | Common | SOLE |
| G4035N129 | GPATW | GP-ACT III ACQUISITION CORP | $51,206 | 0.00% | 193,229 | Common | SOLE |
| G4405D115 | HVIIR | HENNESSY CAP INVT CORP VII | $50,750 | 0.00% | 175,000 | Common | SOLE |
| G0131Y118 | ANSCW | AGRICULTURE & NAT SOL ACQ CO | $50,475 | 0.00% | 249,200 | Common | SOLE |
| M2573A197 | ZOOZW | ZOOZ PWR LTD | $46,305 | 0.00% | 262,498 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. I | $45,933 | 0.00% | 111,217 | Common | SOLE |
| 73245B115 | SBCWW | SBC MED GROUP HLDGS INC | $43,350 | 0.00% | 200,000 | Common | SOLE |
| G4124C117 | GRABW | GRAB HOLDINGS LIMITED | $42,762 | 0.00% | 84,913 | Common | SOLE |
| 84757T113 | MDAIW | SPECTRAL AI INC | $41,715 | 0.00% | 59,763 | Common | SOLE |
| G6476A110 | NPACW | NEW PROVIDENCE ACQUISITION C | $41,121 | 0.00% | 95,631 | Common | SOLE |
| 351665112 | FOXXW | FOXX DEV HLDGS INC | $37,663 | 0.00% | 244,962 | Common | SOLE |
| G5490M126 | LWACW | LIGHTWAVE ACQUISITION CORP | $36,742 | 0.00% | 197,486 | Common | SOLE |
| 98944F117 | ZEOWW | ZEO ENERGY CORP | $36,156 | 0.00% | 726,030 | Common | SOLE |
| G7606H116 | RDZNW | ROADZEN INC | $34,656 | 0.00% | 541,499 | Common | SOLE |
| 53271X116 | LIMNW | LIMINATUS PHARMA INC. | $34,585 | 0.00% | 233,761 | Common | SOLE |
| G7840J118 | SCAGW | SCAGE FUTURE | $33,038 | 0.00% | 660,109 | Common | SOLE |
| 43538H111 | HLLY/WS | HOLLEY INC | $32,650 | 0.00% | 298,716 | Common | SOLE |
| M1R95N118 | ARBEW | ARBE ROBOTICS LTD | $31,291 | 0.00% | 114,180 | Common | SOLE |
| 40472A128 | EONR/WS | EON RESOURCES INC | $31,250 | 0.00% | 500,000 | Common | SOLE |
| 738920115 | ASBPW | ASPIRE BIOPHARMA HLDGS INC | $29,410 | 0.00% | 983,603 | Common | SOLE |
| G7134A120 | PLMKW | PLUM ACQUISITION CORP IV | $29,005 | 0.00% | 99,999 | Common | SOLE |
| 87169M113 | OPTXW | SYNTEC OPTICS HLDGS INC | $28,950 | 0.00% | 332,000 | Common | SOLE |
| G81354121 | SBXD/WS | SILVERBOX CORP IV | $28,100 | 0.00% | 67,710 | Common | SOLE |
| 000847111 | ABPWW | ABPRO HLDGS INC | $27,219 | 0.00% | 997,048 | Common | SOLE |
| G63369113 | MRNOW | MURANO GLOBAL INVTS PLC | $25,532 | 0.00% | 174,998 | Common | SOLE |
| 95758L115 | CYCUW | CYCURION INC | $24,600 | 0.00% | 500,000 | Common | SOLE |
| G20315118 | ALFUW | CENTURION ACQUISITION CORP | $24,279 | 0.00% | 71,410 | Common | SOLE |
| G4002F125 | GTENW | GORES HLDGS X INC | $24,028 | 0.00% | 31,616 | Common | SOLE |
| G18932114 | CPTWF | CAPTIVISION INC | $23,367 | 0.00% | 649,998 | Common | SOLE |
| 337655112 | NOTEW | FISCALNOTE HOLDINGS INC | $21,162 | 0.00% | 273,057 | Common | SOLE |
| G3777K111 | GCLWW | GCL GLOBAL HLDGS LTD | $19,168 | 0.00% | 275,000 | Common | SOLE |
| G6486E110 | NHICW | NEWHOLD INVT CORP III | $18,249 | 0.00% | 49,998 | Common | SOLE |
| G75751118 | RAC/WS | RITHM ACQUISITION CORP | $15,923 | 0.00% | 25,000 | Common | SOLE |
| G50716110 | NVNIW | NVNI GROUP LIMITED | $15,197 | 0.00% | 211,075 | Common | SOLE |
| G52258129 | KFIIR | K&F GROWTH ACQUISITION CORP | $14,005 | 0.00% | 100,000 | Common | SOLE |
| 26916J114 | GWH/WS | ESS TECH INC | $13,191 | 0.00% | 303,596 | Common | SOLE |
| 09973D113 | BRLSW | BOREALIS FOODS INC | $12,559 | 0.00% | 166,894 | Common | SOLE |
| G63638111 | NAMMW | NAMIB MINERALS | $12,100 | 0.00% | 83,480 | Common | SOLE |
| G9878M112 | — | DISTOKEN ACQUISITION CORP | $11,971 | 0.00% | 99,762 | Common | SOLE |
| 68840D110 | OSRHW | OSR HLDGS INC | $9,788 | 0.00% | 250,000 | Common | SOLE |
| 23290B114 | DHAIW | DIH HLDG US INC | $9,639 | 0.00% | 945,000 | Common | SOLE |
| G0705H111 | BDMDW | BAIRD MED INVT HLDGS LTD | $9,413 | 0.00% | 132,013 | Common | SOLE |
| G9491K113 | GGROW | GOGORO INC | $9,408 | 0.00% | 400,330 | Common | SOLE |
| 20678X114 | CDTTW | CDT EQUITY INC | $9,065 | 0.00% | 765,000 | Common | SOLE |
| 923372114 | VGASW | VERDE CLEAN FUELS INC | $8,901 | 0.00% | 73,108 | Common | SOLE |
| 74449F118 | PBMWW | PSYENCE BIOMEDICAL LTD | $7,506 | 0.00% | 297,847 | Common | SOLE |
| G8267K117 | SMXWW | SMX SEC MATTERS PLC | $6,463 | 0.00% | 265,947 | Common | SOLE |
| M8744T114 | TBLAW | TABOOLA.COM LTD | $5,786 | 0.00% | 72,280 | Common | SOLE |
| 092667112 | SRTA | STRATA CRITICAL MEDICAL INC | $5,767 | 0.00% | 27,728 | Common | SOLE |
| 83542D110 | SONWQ | SONDER HOLDINGS INC | $5,736 | 0.00% | 531,114 | Common | SOLE |
| G5S87A113 | LPBBW | LAUNCH TWO ACQUISITION CORP. | $5,338 | 0.00% | 14,427 | Common | SOLE |
| 92919Y110 | VSEEW | VSEE HEALTH INC | $4,938 | 0.00% | 243,249 | Common | SOLE |
| 71902K113 | CEROW | CERO THERAPEUTICS HLDGS INC | $4,261 | 0.00% | 295,913 | Common | SOLE |
| 14159C111 | CDIOW | CARDIO DIAGNOSTICS HOLDGS IN | $4,087 | 0.00% | 199,839 | Common | SOLE |
| G9503X111 | WALDW | WALDENCAST PLC | $3,890 | 0.00% | 99,998 | Common | SOLE |
| 53838J113 | LVWR/WS | LIVEWIRE GROUP INC | $3,656 | 0.00% | 49,203 | Common | SOLE |
| M6000J127 | HUBCW | HUB CYBER SECURITY LTD | $3,353 | 0.00% | 179,799 | Common | SOLE |
| 06682J118 | BNZIW | BANZAI INTERNATIONAL INC | $3,313 | 0.00% | 124,100 | Common | SOLE |
| 02008G110 | ALURW | ALLURION TECHNOLOGIES INC | $3,294 | 0.00% | 122,683 | Common | SOLE |
| 104932116 | BNAIW | BRAND ENGAGEMENT NETWORK INC | $3,248 | 0.00% | 212,302 | Common | SOLE |
| G0232F133 | ALCWF | ALCHEMY INVTS ACQUISITN CORP | $3,142 | 0.00% | 21,669 | Common | SOLE |
| 68218J111 | OABIW | OMNIAB INC | $2,861 | 0.00% | 19,900 | Common | SOLE |
| 35088F115 | FORLW | FOUR LEAF ACQUISITION CORP | $2,675 | 0.00% | 65,000 | Common | SOLE |
| G29201111 | ECXWW | ECARX HOLDINGS INC | $2,419 | 0.00% | 43,358 | Common | SOLE |
| G86302117 | SWVLW | SWVL HOLDINGS CORP | $2,315 | 0.00% | 170,222 | Common | SOLE |
| 68622D114 | ORGNW | ORIGIN MATERIALS INC | $2,277 | 0.00% | 155,950 | Common | SOLE |
| 54572F119 | LOTWW | LOTUS TECHNOLOGY INC | $2,061 | 0.00% | 26,945 | Common | SOLE |
| G1893D110 | CRPWF | CARBON REVOLUTION LTD | $1,933 | 0.00% | 81,901 | Common | SOLE |
| 96812F110 | BAERW | BRIDGER AEROSPACE GRP HLDGS | $1,657 | 0.00% | 18,752 | Common | SOLE |
| 09769B115 | BSLKW | BOLT PROJS HLDGS INC | $1,644 | 0.00% | 41,097 | Common | SOLE |
| 015658115 | ASTLW | ALGOMA STL GROUP INC | $1,563 | 0.00% | 10,200 | Common | SOLE |
| 00791N110 | ADVWW | ADVANTAGE SOLUTIONS INC | $1,344 | 0.00% | 151,879 | Common | SOLE |
| 02369M110 | RMCOW | ROYALTY MGMT HLDG CORP | $982 | 0.00% | 19,443 | Common | SOLE |
| G7006A117 | PERFF | PERFECT CORP | $905 | 0.00% | 41,822 | Common | SOLE |
| G20707116 | CCGWW | CHECHE GROUP INC | $796 | 0.00% | 22,099 | Common | SOLE |
| 124155110 | BFLYW | BUTTERFLY NETWORK INC | $714 | 0.00% | 16,866 | Common | SOLE |
| G1281K114 | SLXNW | SILEXION THERAPEUTICS CORP | $421 | 0.00% | 11,937 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.