Q4 2025 · 13F-HR
Saba Capital Management, L.P.holdings as filed
Filed 2026-02-17 · accession 0001062993-26-000994
$3.37B
Reported value
350
Positions
2025-12-31
Period end
The Brief · Saba Capital Management, L.P. · Q4 2025
AI · grounded in 13F
Saba Capital Management, L.P. exited its position in WDC, reducing exposure by $67.1M. The fund also closed its position in MSFT for $55.9M and trimmed its holding in BA by 60.8%. On the buy side, the fund established a new position in BPRE worth $46.1M and added AAPL with a $35.8M investment. Additionally, the fund increased its stake in TSLA by 125.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 09262F100 | ECAT | BLACKROCK ESG CAP ALLC TERM | $405.1M | 12.0% | 26,336,257 | Common | SOLE |
| G3156P103 | ASA | ASA GOLD AND PRECIOUS MTLS L | $321.7M | 9.56% | 5,391,713 | Common | SOLE |
| 36242H104 | XGDVX | GABELLI DIVID & INCOME TR | $159.7M | 4.75% | 5,751,258 | Common | SOLE |
| 69346N107 | PDX | PIMCO DYNAMIC INCOME STRATEG | $127.6M | 3.79% | 6,796,130 | Common | SOLE |
| 368802104 | GAM | GENERAL AMERN INVS CO INC | $122.5M | 3.64% | 2,085,885 | Common | SOLE |
| 92840R101 | NFJ | VIRTUS DIVIDEND INTEREST & P | $111.4M | 3.31% | 8,640,031 | Common | SOLE |
| 64133Q108 | NBXG | NEUBERGER NEXT GENERATION | $111.1M | 3.30% | 7,695,235 | Common | SOLE |
| 09260K101 | BSTZ | BLACKROCK SCIENCE & TECHNOLO | $103.0M | 3.06% | 4,557,491 | Common | SOLE |
| 56064Q107 | MEGI | NYLI CBRE GBL INFR MEGTRNDS | $77.0M | 2.29% | 5,593,758 | Common | SOLE |
| 00548F105 | PEO | ADAM NAT RES FD INC | $58.7M | 1.74% | 2,698,250 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $50.9M | 1.51% | 113,100 | PUT | SOLE |
| 09631P102 | BPRE | BLUEROCK PVT REAL ESTATE FD | $46.1M | 1.37% | 3,074,615 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $41.3M | 1.23% | 88,200 | PUT | SOLE |
| 05588W108 | LEO | BNY MELLON STRATEGIC MUNS IN | $38.6M | 1.15% | 6,076,820 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $38.4M | 1.14% | 224,600 | PUT | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $38.4M | 1.14% | 205,900 | PUT | SOLE |
| 670972108 | XNQPX | NUVEEN PENNSYLVANIA QLT MUN | $35.7M | 1.06% | 2,998,620 | Common | SOLE |
| 87911K100 | HQL | ABRDN LIFE SCIENCES INVESTOR | $35.5M | 1.06% | 2,117,174 | Common | SOLE |
| 592835102 | MXF | MEXICO FD INC | $34.1M | 1.01% | 1,691,300 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $33.8M | 1.00% | 157,900 | PUT | SOLE |
| 09662E109 | DSM | BNY MELLON STRATEGIC MUN BD | $32.0M | 0.95% | 5,179,441 | Common | SOLE |
| 092501105 | XBOEX | BLACKROCK ENHANCED GLOBAL DI | $29.9M | 0.89% | 2,555,063 | Common | SOLE |
| 01864U106 | AFB | ALLIANCEBERNSTEIN NATL MUN I | $29.9M | 0.89% | 2,760,256 | Common | SOLE |
| 097023105 | BA | BOEING CO | $29.6M | 0.88% | 136,500 | PUT | SOLE |
| 037833100 | AAPL | APPLE INC | $28.4M | 0.84% | 104,300 | PUT | SOLE |
| 43010E404 | HFRO | HIGHLAND OPPS & INCOME FD | $28.0M | 0.83% | 4,674,016 | Common | SOLE |
| 780915104 | RMT | ROYCE MICRO-CAP TR INC | $27.3M | 0.81% | 2,614,909 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $27.0M | 0.80% | 1,714,994 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $25.8M | 0.77% | 170,000 | PUT | SOLE |
| 644465106 | GF | NEW GERMANY FD INC | $25.2M | 0.75% | 2,210,555 | Common | SOLE |
| 61745C105 | IIF | MORGAN STANLEY INDIA INVT FD | $24.7M | 0.73% | 988,924 | Common | SOLE |
| 67075F105 | XDIAX | NUVEEN DOW 30 DYNMC OVERWRT | $24.4M | 0.73% | 1,599,746 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $24.3M | 0.72% | 165,900 | PUT | SOLE |
| 780910105 | RVT | ROYCE SMALL CAP TRUST INC | $23.1M | 0.69% | 1,437,153 | Common | SOLE |
| 895436103 | TY | TRI CONTL CORP | $22.9M | 0.68% | 701,601 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $21.8M | 0.65% | 135,200 | PUT | SOLE |
| G9471C206 | EVTL | VERTICAL AEROSPACE LTD | $21.0M | 0.63% | 3,949,044 | Common | SOLE |
| 948596101 | WB | WEIBO CORP | $20.6M | 0.61% | 2,015,063 | Common | SOLE |
| 36246K103 | GRX | GABELLI HLTHCARE & WELLNESS | $20.4M | 0.61% | 2,118,201 | Common | SOLE |
| 25065A502 | DMA | DESTRA MULTI-ALTERNATIVE FD | $19.9M | 0.59% | 2,220,648 | Common | SOLE |
| 289074106 | ECF | ELLSWORTH GROWTH & INCOME FD | $19.5M | 0.58% | 1,680,620 | Common | SOLE |
| 12047B105 | BMBL | BUMBLE INC | $19.1M | 0.57% | 5,337,549 | Common | SOLE |
| 47109U104 | JOF | JAPAN SMALLER CAPITALIZATION | $18.1M | 0.54% | 1,632,530 | Common | SOLE |
| 880198205 | SABA | SABA CAPITAL INCOME & OPPORT | $18.1M | 0.54% | 2,190,968 | Common | SOLE |
| 18914E106 | GLO | CLOUGH GLOBAL OPPORTUNITIES | $17.2M | 0.51% | 3,045,940 | Common | SOLE |
| 09662W109 | DMB | BNY MELLON MUN BD INFRASTRUC | $17.2M | 0.51% | 1,565,016 | Common | SOLE |
| G7515A103 | RDAG | REPUBLIC DIGITAL ACQUISITION | $16.7M | 0.50% | 1,645,960 | Common | SOLE |
| G9R39C103 | WENN | WEN ACQUISITION CORP | $15.8M | 0.47% | 1,563,222 | Common | SOLE |
| 09248E102 | XBFZX | BLACKROCK CALIF MUN INCOME T | $14.0M | 0.41% | 1,299,311 | Common | SOLE |
| 92912J102 | IAE | VOYA ASIA PAC HIGH DIV EQT I | $13.2M | 0.39% | 1,816,687 | Common | SOLE |
| G68707101 | PAGS | PAGSEGURO DIGITAL LTD | $12.5M | 0.37% | 1,293,415 | Common | SOLE |
| 874036106 | TWN | TAIWAN FD INC | $12.1M | 0.36% | 226,694 | Common | SOLE |
| 78573M104 | SABR | SABRE CORP | $12.1M | 0.36% | 8,879,182 | Common | SOLE |
| 64129H104 | NML | NEUBERGER ENGY INFRSTR & INC | $12.0M | 0.36% | 1,416,482 | Common | NONE |
| 83304A106 | SNAP | SNAP INC | $11.5M | 0.34% | 1,421,784 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $11.5M | 0.34% | 24,449 | Common | SOLE |
| 617468103 | XCAFX | MORGAN STANLEY CHINA A SH FD | $11.0M | 0.33% | 634,953 | Common | SOLE |
| 92912P108 | IHD | VOYA EMERGING MKTS HIGH DIVI | $11.0M | 0.33% | 1,748,915 | Common | SOLE |
| G7010A129 | PMTR | PERIMETER ACQUISITION CORP I | $10.9M | 0.32% | 1,055,870 | Common | SOLE |
| 140501AE7 | CSWC 5.125 11/15/29 | CAPITAL SOUTHWEST CORP | $10.0M | 0.30% | 10,000,000 | Common | SOLE |
| 72200N106 | XPCQX | PIMCO CALIF MUN INCOME FD | $9.9M | 0.29% | 1,136,571 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $9.7M | 0.29% | 85,800 | PUT | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $9.6M | 0.29% | 39,600 | PUT | SOLE |
| 009066101 | ABNB | AIRBNB INC | $9.6M | 0.28% | 70,400 | PUT | SOLE |
| G4365E103 | HCMA | HCM III ACQUISITION CORP | $9.5M | 0.28% | 949,650 | Common | SOLE |
| G6032N127 | MESHU | MESHFLOW ACQUISITION CORP | $9.5M | 0.28% | 949,600 | Common | SOLE |
| 74347Y698 | GLL | PROSHARES TR II | $9.5M | 0.28% | 362,475 | Common | SOLE |
| G42386121 | HCACU | HALL CHADWICK ACQUISITION CO | $8.7M | 0.26% | 870,315 | Common | SOLE |
| G2868C103 | DAAQ | DIGITAL ASSET ACQUISITION CO | $8.6M | 0.26% | 850,000 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $8.2M | 0.24% | 18,161 | Common | SOLE |
| G73944103 | RAAQ | REAL ASSET ACQUISITION CORP | $8.1M | 0.24% | 797,246 | Common | SOLE |
| 059695106 | BCV | BANCROFT FD LTD | $8.0M | 0.24% | 361,294 | Common | SOLE |
| G6757R105 | ONCH | 1RT ACQUISITION CORP. | $7.9M | 0.23% | 774,932 | Common | SOLE |
| G9009S103 | BLZR | TRAILBLAZER ACQUISITION CORP | $7.9M | 0.23% | 786,316 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $7.7M | 0.23% | 52,786 | Common | SOLE |
| 85512G106 | STHO | STAR HLDGS | $7.7M | 0.23% | 939,974 | Common | SOLE |
| 18914C100 | XGLQX | CLOUGH GLOBAL EQUITY FD | $7.7M | 0.23% | 1,005,110 | Common | SOLE |
| 76883Y107 | RFMZ | RIVERNORTH FLEXIBLE MUNI INC | $7.7M | 0.23% | 605,495 | Common | NONE |
| G3106Q102 | EVAC | EQV VENTURES AC CORP. II | $7.6M | 0.23% | 759,738 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $7.4M | 0.22% | 27,345 | Common | SOLE |
| 92841M101 | XNIEX | VIRTUS EQUITY & CONV INCM FD | $7.4M | 0.22% | 298,200 | Common | NONE |
| G7375J103 | RNGT | RANGE CAP ACQUISITION CORP I | $7.2M | 0.21% | 725,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $7.1M | 0.21% | 38,079 | Common | SOLE |
| 86887P309 | BNC | CEA INDUSTRIES INC | $7.1M | 0.21% | 1,105,291 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $7.0M | 0.21% | 53,823 | Common | SOLE |
| G2254C121 | CCII | COHEN CIRCLE ACQUISIT CORP I | $7.0M | 0.21% | 684,000 | Common | SOLE |
| G0081J129 | AEAQU | ACTIVATE ENERGY ACQUISITION | $7.0M | 0.21% | 699,609 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | $6.7M | 0.20% | 6,000,000 | Common | SOLE |
| 097023105 | BA | BOEING CO | $6.6M | 0.20% | 30,392 | Common | SOLE |
| G7257A105 | PCAP | PROCAP ACQUISITION CORP | $6.5M | 0.19% | 645,996 | Common | SOLE |
| 87165B103 | SYF | SYNCHRONY FINANCIAL | $6.3M | 0.19% | 76,000 | PUT | SOLE |
| 88018T101 | TDF | TEMPLETON DRAGON FD INC | $6.1M | 0.18% | 539,260 | Common | SOLE |
| 444097406 | HPP | HUDSON PAC PPTYS INC | $6.0M | 0.18% | 555,409 | Common | SOLE |
| G04104108 | APXT | APEX TREAS CORP | $5.9M | 0.18% | 600,000 | Common | SOLE |
| 36165L108 | GDS | GDS HLDGS LTD | $5.6M | 0.17% | 160,000 | Common | SOLE |
| 64828T201 | RITM | RITHM CAPITAL CORP | $5.5M | 0.16% | 500,000 | PUT | SOLE |
| G0R78B106 | BCSS | BAIN CAP GSS INVT CORP | $5.4M | 0.16% | 535,580 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $5.3M | 0.16% | 137,389 | Common | SOLE |
| 92538J106 | VERX | VERTEX INC | $5.3M | 0.16% | 263,474 | Common | SOLE |
| G0701G109 | BDCI | BTC DEV CORP | $5.3M | 0.16% | 525,000 | Common | SOLE |
| 18913Y103 | GLV | CLOUGH GLOBAL DIVID & INCOME | $5.2M | 0.15% | 870,736 | Common | SOLE |
| 238337109 | PLAY | DAVE & BUSTERS ENTMT INC | $5.2M | 0.15% | 320,309 | Common | SOLE |
| 85571BBA2 | STWD 6.75 07/15/27 | STARWOOD PPTY TR INC | $5.2M | 0.15% | 5,000,000 | Common | SOLE |
| G1828S109 | CEPV | CANTOR EQUITY PARTNERS V INC | $5.1M | 0.15% | 500,000 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $5.1M | 0.15% | 500,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $5.0M | 0.15% | 5,000,000 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $4.9M | 0.14% | 28,464 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $4.6M | 0.14% | 28,279 | Common | SOLE |
| 25400Q105 | DJT | TRUMP MEDIA & TECHNOLOGY GRO | $4.6M | 0.14% | 343,802 | Common | SOLE |
| 59318D104 | CXE | MFS HIGH INCOME MUN TR | $4.5M | 0.13% | 1,203,922 | Common | SOLE |
| G3226F101 | EVOX | EVOLUTION GLOBAL ACQUISITION | $4.4M | 0.13% | 450,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $4.4M | 0.13% | 300,000 | Common | SOLE |
| 05614L209 | BW | BABCOCK & WILCOX ENTERPRISES | $4.3M | 0.13% | 681,105 | Common | SOLE |
| 909214306 | UIS | UNISYS CORP | $4.3M | 0.13% | 1,551,487 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $4.2M | 0.12% | 406,500 | Common | SOLE |
| 29082K105 | EMBC | EMBECTA CORP | $4.1M | 0.12% | 348,609 | Common | SOLE |
| 594972AS0 | MSTR 0 12/01/29 | STRATEGY INC | $4.1M | 0.12% | 5,000,000 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $4.1M | 0.12% | 36,318 | Common | SOLE |
| 31423P108 | FMN | FEDERATED HERMES PREM MUNI I | $4.1M | 0.12% | 365,326 | Common | SOLE |
| 27829C105 | ETW | EATON VANCE TAX-MANAGED GLOB | $4.0M | 0.12% | 438,995 | Common | NONE |
| 46283H202 | IRHOU | IRON HORSE ACQUISIT CORP II | $4.0M | 0.12% | 400,000 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $3.9M | 0.12% | 105,550 | Common | SOLE |
| G4814G105 | DYOR | INSIGHT DIGITAL PARTNERS II | $3.9M | 0.12% | 393,365 | Common | SOLE |
| G5414D129 | LFACU | LEAPFROG ACQUISITION CORP | $3.8M | 0.11% | 383,798 | Common | SOLE |
| 870875101 | SWZ | TOTAL RETURN SECURITIES FUND | $3.8M | 0.11% | 605,224 | Common | SOLE |
| 95766R104 | WIW | WESTERN AST INFL LKD OPP & I | $3.6M | 0.11% | 424,577 | Common | NONE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $3.5M | 0.11% | 350,000 | Common | SOLE |
| G1827P106 | CEPT | CANTOR EQUITY PARTNERS II IN | $3.4M | 0.10% | 300,000 | Common | SOLE |
| 974637100 | WGO | WINNEBAGO INDS INC | $3.3M | 0.10% | 81,884 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $3.3M | 0.10% | 80,000 | Common | SOLE |
| 00130H105 | AES | AES CORP | $3.2M | 0.10% | 224,982 | Common | SOLE |
| G3730U107 | FCRS | FUTURECREST ACQUISITION CORP | $3.2M | 0.09% | 315,065 | Common | SOLE |
| 47804L102 | HEQ | JOHN HANCOCK DIVERSIFIED INC | $3.0M | 0.09% | 281,328 | Common | SOLE |
| G25014120 | CRANU | CRANE HBR ACQUISITION CORP I | $3.0M | 0.09% | 297,854 | Common | SOLE |
| 76954A103 | RIVN | RIVIAN AUTOMOTIVE INC | $3.0M | 0.09% | 150,200 | PUT | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $2.9M | 0.09% | 11,200 | PUT | SOLE |
| 25460G823 | UBOT | DIREXION SHS ETF TR | $2.8M | 0.08% | 111,280 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $2.8M | 0.08% | 14,500 | Common | SOLE |
| G32089107 | ETOR | ETORO GROUP LTD | $2.8M | 0.08% | 79,339 | Common | SOLE |
| 680665205 | OLN | OLIN CORP | $2.8M | 0.08% | 133,223 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $2.7M | 0.08% | 33,138 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $2.7M | 0.08% | 110,773 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $2.7M | 0.08% | 167,007 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $2.6M | 0.08% | 70,000 | Common | SOLE |
| 20337X109 | VISN | COMMSCOPE HLDG CO INC | $2.5M | 0.08% | 140,229 | Common | SOLE |
| G8377R101 | SVAC | SPRING VY ACQUISITION CORP I | $2.5M | 0.08% | 250,000 | Common | SOLE |
| 500634209 | KF | KOREA FD INC | $2.5M | 0.08% | 69,617 | Common | SOLE |
| G6791A100 | OTGA | OTG ACQUISITION CORP. I | $2.5M | 0.07% | 250,000 | Common | SOLE |
| 44916Y106 | PURR | HYPERLIQUID STRATEGIES INC | $2.5M | 0.07% | 700,665 | Common | SOLE |
| G4977S128 | ITHAU | ITHAX ACQUISITION CORP III | $2.5M | 0.07% | 250,000 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $2.4M | 0.07% | 9,993 | Common | SOLE |
| 12504L109 | CBRE | CBRE GROUP INC | $2.4M | 0.07% | 15,000 | Common | SOLE |
| 651229106 | NWL | NEWELL BRANDS INC | $2.4M | 0.07% | 632,462 | Common | SOLE |
| 92838X805 | NCV | VIRTUS CONVERTIBLE & INCOME | $2.3M | 0.07% | 152,874 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $2.3M | 0.07% | 10,779 | Common | SOLE |
| G1143H127 | BIXIU | BITCOIN INFRASTRUCTURE ACQUI | $2.3M | 0.07% | 230,702 | Common | SOLE |
| G7553X106 | KRSP | RICE ACQUISITION CORP 3 | $2.3M | 0.07% | 221,437 | Common | SOLE |
| 731105409 | PSNY | POLESTAR AUTOMOTIVE HLDG UK | $2.3M | 0.07% | 106,457 | Common | SOLE |
| 68236V401 | FRMM | ETHZILLA CORPORATION | $2.3M | 0.07% | 460,709 | Common | SOLE |
| G01336109 | AIIA | AI INFRASTRUCTURE ACQUISI | $2.3M | 0.07% | 227,000 | Common | SOLE |
| 02156K103 | OPTU | OPTIMUM COMMUNICATIONS INC | $2.2M | 0.07% | 1,356,888 | Common | SOLE |
| G8773E126 | BEBE/U | TGE VALUE CREATIVE SOLUTIONS | $2.2M | 0.07% | 225,000 | Common | SOLE |
| 12811L107 | CHW | CALAMOS GBL DYN INCOME FUND | $2.2M | 0.07% | 299,358 | Common | NONE |
| 78464A375 | SPIB | SPDR SERIES TRUST | $2.1M | 0.06% | 62,249 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.0M | 0.06% | 3,090 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $2.0M | 0.06% | 24,867 | Common | SOLE |
| G6001S123 | LPCVU | LAUNCHPAD CADENZA ACQUISITIO | $2.0M | 0.06% | 200,000 | Common | SOLE |
| G0R91M121 | ADACU | AMERICAN DRIVE ACQUISITION C | $2.0M | 0.06% | 200,000 | Common | SOLE |
| 20451Q104 | CODI | COMPASS DIVERSIFIED | $2.0M | 0.06% | 409,259 | Common | SOLE |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM ACQU | $1.9M | 0.06% | 169,900 | Common | SOLE |
| 92206C409 | VCSH | VANGUARD SCOTTSDALE FDS | $1.9M | 0.06% | 24,140 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $1.9M | 0.06% | 5,200 | PUT | SOLE |
| 00218A105 | ASPI | ASP ISOTOPES INC | $1.9M | 0.06% | 356,377 | Common | SOLE |
| 464287242 | LQD | ISHARES TR | $1.7M | 0.05% | 15,719 | Common | SOLE |
| 486606106 | KYN | KAYNE ANDERSON ENERGY INFRST | $1.7M | 0.05% | 139,244 | Common | NONE |
| 03879J100 | ABUS | ARBUTUS BIOPHARMA CORP | $1.7M | 0.05% | 347,885 | Common | SOLE |
| 071813109 | BAX | BAXTER INTL INC | $1.7M | 0.05% | 86,573 | Common | SOLE |
| 92337U302 | TONX | TON STRATEGY CO | $1.6M | 0.05% | 827,995 | Common | SOLE |
| 87165B103 | SYF | SYNCHRONY FINANCIAL | $1.6M | 0.05% | 19,601 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $1.6M | 0.05% | 94,800 | PUT | SOLE |
| 83001C108 | FUN | SIX FLAGS ENTERTAINMENT CORP | $1.5M | 0.05% | 100,020 | Common | SOLE |
| G0233J126 | ALUB/U | ALUSSA ENERGY ACQUISITION CO | $1.5M | 0.04% | 147,288 | Common | SOLE |
| 592834105 | MXE | MEXICO EQUITY & INCOME FD | $1.5M | 0.04% | 118,600 | Common | SOLE |
| 552738106 | MFM | MFS MUN INCOME TR | $1.4M | 0.04% | 265,800 | Common | SOLE |
| 49457M106 | NAKA | KINDLY MD INC | $1.4M | 0.04% | 3,984,539 | Common | SOLE |
| G2131A124 | CCXIU | CHURCHILL CAP CORP XI | $1.4M | 0.04% | 132,442 | Common | SOLE |
| 134429109 | CPB | THE CAMPBELLS COMPANY | $1.3M | 0.04% | 48,034 | Common | SOLE |
| 203668108 | CYH | COMMUNITY HEALTH SYS INC NEW | $1.3M | 0.04% | 400,808 | Common | SOLE |
| G4924G128 | IGACU | INVEST GREEN ACQUISITION COR | $1.2M | 0.04% | 122,645 | Common | SOLE |
| 64124P101 | NBH | NEUBERGER MUN FD INC | $1.1M | 0.03% | 110,116 | Common | SOLE |
| 46222L116 | IONQ/WS | IONQ INC | $1.1M | 0.03% | 32,248 | Common | SOLE |
| 75605Y106 | — | ANYWHERE REAL ESTATE INC | $1.1M | 0.03% | 75,000 | Common | SOLE |
| 20451W101 | CMPS | COMPASS PATHWAYS PLC | $1.0M | 0.03% | 151,033 | Common | SOLE |
| G1352R121 | BLRKU | BLUEROCK ACQUISITION CORP | $1.0M | 0.03% | 100,000 | Common | SOLE |
| G9145D127 | TWLVU | TWELVE SEAS INVT CO III | $995,000 | 0.03% | 100,000 | Common | SOLE |
| 670750108 | NMAI | NUVEEN MULTI ASSET INCOME FU | $981,638 | 0.03% | 75,279 | Common | NONE |
| 92864V608 | EMPD | EMPERY DIGITAL INC | $964,794 | 0.03% | 211,346 | Common | SOLE |
| G7490F101 | RTAC | RENATUS TACTICAL ACQUIS | $942,630 | 0.03% | 88,344 | Common | SOLE |
| 92892B103 | VOYG | VOYAGER TECHNOLOGIES INC | $940,622 | 0.03% | 35,984 | Common | SOLE |
| 26433C105 | DPG | DUFF & PHELPS UTLITY AND INF | $906,198 | 0.03% | 71,298 | Common | NONE |
| 24610T108 | VFL | ABRDN NATL MUN INCOME FD | $879,574 | 0.03% | 85,645 | Common | SOLE |
| 489398107 | KW | KENNEDY-WILSON HOLDINGS INC | $832,171 | 0.02% | 86,057 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $823,158 | 0.02% | 14,100 | PUT | SOLE |
| 205887102 | CAG | CONAGRA BRANDS INC | $806,092 | 0.02% | 46,568 | Common | SOLE |
| 009496100 | AIRS | AIRSCULPT TECHNOLOGIES INC | $619,825 | 0.02% | 313,043 | Common | SOLE |
| G9087Q102 | TROX | TRONOX HOLDINGS PLC | $592,419 | 0.02% | 142,067 | Common | SOLE |
| M1R95N100 | ARBE | ARBE ROBOTICS LTD | $590,000 | 0.02% | 500,000 | Common | SOLE |
| 74277P105 | BRR | PROCAP FINL INC | $557,856 | 0.02% | 158,033 | Common | SOLE |
| G7515A129 | RDAGW | REPUBLIC DIGITAL ACQUISITION | $550,999 | 0.02% | 949,999 | Common | SOLE |
| 387432107 | GRNT | GRANITE RIDGE RESOURCES INC | $544,627 | 0.02% | 115,878 | Common | SOLE |
| G81306105 | SVAQU | SILICON VY ACQUISITION CORP | $497,250 | 0.01% | 50,000 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $463,177 | 0.01% | 1,252 | Common | SOLE |
| 64828T201 | RITM | RITHM CAPITAL CORP | $436,000 | 0.01% | 40,000 | Common | SOLE |
| G7010A111 | PMTRW | PERIMETER ACQUISITION CORP I | $427,231 | 0.01% | 554,845 | Common | SOLE |
| 82003F309 | STSS | SHARPS TECHNOLOGY INC | $411,587 | 0.01% | 202,752 | Common | SOLE |
| G1169T138 | BACQR | INFLECTION POINT ACQUISITION | $408,910 | 0.01% | 539,815 | Common | SOLE |
| G2949D112 | DYNCW | DYNAMIX CORP | $407,952 | 0.01% | 226,640 | Common | SOLE |
| 29286M113 | — | ENGENE HOLDINGS INC | $391,470 | 0.01% | 137,358 | Common | SOLE |
| 306121112 | FBYDW | FALCONS BEYOND GLOBAL INC | $377,441 | 0.01% | 186,852 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $374,508 | 0.01% | 6,415 | Common | SOLE |
| 092915115 | BZAIW | BLAIZE HLDGS INC | $331,943 | 0.01% | 874,225 | Common | SOLE |
| G73944111 | RAAQW | REAL ASSET ACQUISITION CORP | $326,711 | 0.01% | 687,813 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $323,924 | 0.01% | 9,400 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $320,978 | 0.01% | 2,365 | Common | SOLE |
| G9R39C111 | WENNW | WEN ACQUISITION CORP | $304,595 | 0.01% | 981,614 | Common | SOLE |
| G5568L117 | LZM/WS | LIFEZONE METALS LIMITED | $301,450 | 0.01% | 733,811 | Common | SOLE |
| 070830104 | BBWI | BATH & BODY WORKS INC | $256,181 | 0.01% | 12,758 | Common | SOLE |
| 612160119 | AIRJW | AIRJOULE TECHNOLOGIES CORP | $247,076 | 0.01% | 275,647 | Common | SOLE |
| 68386H111 | OPFI/WS | OPPFI INC | $234,953 | 0.01% | 153,564 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $204,050 | 0.01% | 794 | Common | SOLE |
| G1331C112 | BGLWW | BLUE GOLD LTD | $203,986 | 0.01% | 484,298 | Common | SOLE |
| G2868C111 | DAAQW | DIGITAL ASSET ACQUISITION CO | $197,879 | 0.01% | 471,140 | Common | SOLE |
| G47875110 | IPCXR | INFLECTION PT ACQUISITION CO | $193,612 | 0.01% | 512,200 | Common | SOLE |
| G4365E111 | HCMAW | HCM III ACQUISITION CORP | $166,667 | 0.00% | 333,333 | Common | SOLE |
| G1051H119 | TACOW | BERTO ACQUISITION CORP | $164,108 | 0.00% | 406,561 | Common | SOLE |
| G0R38G112 | XRPNW | ARMADA ACQUISITION CORP II | $163,401 | 0.00% | 183,597 | Common | SOLE |
| G5509P110 | LOKVW | LIVE OAK ACQUISITION CORP V | $161,885 | 0.00% | 164,350 | Common | SOLE |
| 881454110 | IMSRW | TERRESTRIAL ENERGY INC | $160,444 | 0.00% | 75,681 | Common | SOLE |
| G7375J111 | RNGTW | RANGE CAP ACQUISITION CORP I | $156,000 | 0.00% | 487,499 | Common | SOLE |
| G63212107 | MBAV | M3BRIGADE ACQUISITION V CORP | $151,254 | 0.00% | 14,229 | Common | SOLE |
| 09174P113 | BTMWW | BITCOIN DEPOT INC | $150,851 | 0.00% | 1,357,795 | Common | SOLE |
| G7606H116 | RDZNW | ROADZEN INC | $148,912 | 0.00% | 541,499 | Common | SOLE |
| G6757R113 | ONCHW | 1RT ACQUISITION CORP. | $137,989 | 0.00% | 199,998 | Common | SOLE |
| G63212115 | MBAVW | M3BRIGADE ACQUISITION V CORP | $136,841 | 0.00% | 149,170 | Common | SOLE |
| G9009S111 | BLZRW | TRAILBLAZER ACQUISITION CORP | $134,996 | 0.00% | 262,103 | Common | SOLE |
| G2254C113 | CCIIW | COHEN CIRCLE ACQUISIT CORP I | $134,990 | 0.00% | 187,499 | Common | SOLE |
| G7257A121 | PCAPW | PROCAP ACQUISITION CORP | $123,700 | 0.00% | 333,332 | Common | SOLE |
| G3106N117 | FTW | EQV VENTURES ACQUISITION COR | $119,881 | 0.00% | 235,038 | Common | SOLE |
| G3106Q128 | EVAC/WS | EQV VENTURES AC CORP. II | $112,754 | 0.00% | 336,579 | Common | SOLE |
| 36118R103 | FUSE | FUSEMACHINES INC | $111,723 | 0.00% | 67,711 | Common | SOLE |
| G7633M112 | DRDBW | ROMAN DBDR ACQUISITION CORP | $106,300 | 0.00% | 174,262 | Common | SOLE |
| G7553X114 | KRSP/WS | RICE ACQUISITION CORP 3 | $106,065 | 0.00% | 132,581 | Common | SOLE |
| 83422N113 | SLDPW | SOLID POWER INC | $105,759 | 0.00% | 144,086 | Common | SOLE |
| 64107A113 | NPWR/WS | NET POWER INC | $95,017 | 0.00% | 180,984 | Common | SOLE |
| 29103K118 | FLDDW | FOLD HLDGS INC | $93,442 | 0.00% | 568,730 | Common | SOLE |
| G3226F119 | EVOXW | EVOLUTION GLOBAL ACQUISITION | $92,250 | 0.00% | 225,000 | Common | SOLE |
| G1152A120 | FUFUW | BITFUFU INC | $92,146 | 0.00% | 414,140 | Common | SOLE |
| G6301B127 | MLACR | MOUNTAIN LAKE ACQUISITION CO | $84,004 | 0.00% | 350,017 | Common | SOLE |
| G04104124 | APXTW | APEX TREAS CORP | $83,310 | 0.00% | 299,999 | Common | SOLE |
| G0131Y118 | ANSCW | AGRICULTURE & NAT SOL ACQ CO | $83,208 | 0.00% | 249,200 | Common | SOLE |
| G32901129 | FACTW | FACT II ACQUISITION CORP | $83,096 | 0.00% | 237,350 | Common | SOLE |
| 87169M113 | OPTXW | SYNTEC OPTICS HLDGS INC | $79,381 | 0.00% | 332,000 | Common | SOLE |
| G0701G117 | BDCIW | BTC DEV CORP | $75,468 | 0.00% | 131,249 | Common | SOLE |
| G6004G118 | MACIW | MELAR ACQUISITION CORP. I | $70,190 | 0.00% | 438,551 | Common | SOLE |
| G4814G113 | DYORW | INSIGHT DIGITAL PARTNERS II | $69,822 | 0.00% | 196,682 | Common | SOLE |
| G2662B103 | CRML | CRITICAL METALS CORP | $69,400 | 0.00% | 10,000 | Common | SOLE |
| 64550A115 | HOVRW | NEW HORIZON AIRCRAFT LTD | $63,302 | 0.00% | 199,659 | Common | SOLE |
| 343928115 | FLYX/WS | FLYEXCLUSIVE INC | $61,947 | 0.00% | 230,500 | Common | SOLE |
| G3730U115 | FCRS/WS | FUTURECREST ACQUISITION CORP | $61,043 | 0.00% | 78,765 | Common | SOLE |
| G2949T117 | DNMXW | DYNAMIX CORP III | $60,375 | 0.00% | 174,999 | Common | SOLE |
| G01336117 | AIIA-R | AI INFRASTRUCTURE ACQUISI | $60,155 | 0.00% | 227,000 | Common | SOLE |
| 36170N115 | GCTS/WS | GCT SEMICONDUCTOR HLDG INC | $58,735 | 0.00% | 710,648 | Common | SOLE |
| 171756117 | DAICW | CID HOLDCO INC | $58,156 | 0.00% | 726,048 | Common | SOLE |
| G4035N129 | GPATW | GP-ACT III ACQUISITION CORP | $52,095 | 0.00% | 193,229 | Common | SOLE |
| G8377R119 | SVACW | SPRING VY ACQUISITION CORP I | $51,874 | 0.00% | 83,332 | Common | SOLE |
| G4405D115 | HVIIR | HENNESSY CAP INVT CORP VII | $48,825 | 0.00% | 175,000 | Common | SOLE |
| G6476A110 | NPACW | NEW PROVIDENCE ACQUISITION C | $48,322 | 0.00% | 95,631 | Common | SOLE |
| G7490F127 | RTACW | RENATUS TACTICAL ACQUIS | $47,844 | 0.00% | 56,866 | Common | SOLE |
| 73245B115 | SBCWW | SBC MED GROUP HLDGS INC | $45,900 | 0.00% | 200,000 | Common | SOLE |
| G5490M126 | LWACW | LIGHTWAVE ACQUISITION CORP | $45,471 | 0.00% | 197,486 | Common | SOLE |
| 09173B107 | 1B2 | BITFARMS LTD | $44,885 | 0.00% | 19,100 | Common | SOLE |
| 43538H111 | HLLY/WS | HOLLEY INC | $43,702 | 0.00% | 298,716 | Common | SOLE |
| G7840J118 | SCAGW | SCAGE FUTURE | $41,290 | 0.00% | 660,109 | Common | SOLE |
| G6791A118 | OTGAW | OTG ACQUISITION CORP. I | $40,000 | 0.00% | 125,000 | Common | SOLE |
| 008940116 | AISPW | AIRSHIP AI HLDGS INC | $38,332 | 0.00% | 42,591 | Common | SOLE |
| 36118R111 | FUSEW | FUSEMACHINES INC | $36,776 | 0.00% | 524,998 | Common | SOLE |
| 351665112 | FOXXW | FOXX DEV HLDGS INC | $30,130 | 0.00% | 244,962 | Common | SOLE |
| G7134A120 | PLMKW | PLUM ACQUISITION CORP IV | $29,995 | 0.00% | 99,999 | Common | SOLE |
| 98944F117 | ZEOWW | ZEO ENERGY CORP | $27,625 | 0.00% | 726,030 | Common | SOLE |
| 84757T113 | MDAIW | SPECTRAL AI INC | $26,893 | 0.00% | 59,763 | Common | SOLE |
| G4002F125 | GTENW | GORES HLDGS X INC | $26,889 | 0.00% | 31,616 | Common | SOLE |
| G4124C117 | GRABW | GRAB HOLDINGS LIMITED | $25,538 | 0.00% | 84,913 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. I | $23,956 | 0.00% | 111,217 | Common | SOLE |
| 92919Y110 | VSEEW | VSEE HEALTH INC | $21,649 | 0.00% | 243,249 | Common | SOLE |
| 40472A128 | EONR/WS | EON RESOURCES INC | $21,625 | 0.00% | 500,000 | Common | SOLE |
| G6486E110 | NHICW | NEWHOLD INVT CORP III | $21,002 | 0.00% | 49,998 | Common | SOLE |
| G20315118 | ALFUW | CENTURION ACQUISITION CORP | $20,698 | 0.00% | 71,410 | Common | SOLE |
| 738920115 | ASBPW | ASPIRE BIOPHARMA HLDGS INC | $19,328 | 0.00% | 983,603 | Common | SOLE |
| G81354121 | SBXD/WS | SILVERBOX CORP IV | $18,966 | 0.00% | 67,710 | Common | SOLE |
| 95758L115 | CYCUW | CYCURION INC | $17,025 | 0.00% | 500,000 | Common | SOLE |
| G0231P108 | ALPS | ALPS GROUP INC | $16,930 | 0.00% | 19,473 | Common | SOLE |
| 000847111 | ABPWW | ABPRO HLDGS INC | $16,352 | 0.00% | 997,048 | Common | SOLE |
| 26916J114 | GWH/WS | ESS TECH INC | $15,514 | 0.00% | 303,596 | Common | SOLE |
| G52258129 | KFIIR | K&F GROWTH ACQUISITION CORP | $15,140 | 0.00% | 100,000 | Common | SOLE |
| 91060H116 | UHG | UNITED HOMES GROUP INC | $15,113 | 0.00% | 45,810 | Common | SOLE |
| G75751118 | RAC/WS | RITHM ACQUISITION CORP | $15,000 | 0.00% | 25,000 | Common | SOLE |
| G50716110 | NVNIW | NVNI GROUP LIMITED | $14,163 | 0.00% | 211,075 | Common | SOLE |
| G8267K117 | SMXWW | SMX SEC MATTERS PLC | $12,140 | 0.00% | 265,947 | Common | SOLE |
| G9878M112 | — | DISTOKEN ACQUISITION CORP | $11,971 | 0.00% | 99,762 | Common | SOLE |
| 68840D110 | OSRHW | OSR HLDGS INC | $11,813 | 0.00% | 250,000 | Common | SOLE |
| M2573A197 | ZOOZW | ZOOZ STRATEGY LTD | $10,474 | 0.00% | 262,498 | Common | SOLE |
| 104932116 | BNAIW | BRAND ENGAGEMENT NETWORK INC | $9,681 | 0.00% | 212,302 | Common | SOLE |
| 53271X116 | LIMNW | LIMINATUS PHARMA INC. | $8,941 | 0.00% | 233,761 | Common | SOLE |
| M1R95N118 | ARBEW | ARBE ROBOTICS LTD | $8,849 | 0.00% | 114,180 | Common | SOLE |
| 182744110 | KIDZW | CLASSOVER HLDGS INC | $8,426 | 0.00% | 699,290 | Common | SOLE |
| G18932114 | CPTWF | CAPTIVISION INC | $8,385 | 0.00% | 649,998 | Common | SOLE |
| 09973D113 | BRLSW | BOREALIS FOODS INC | $8,361 | 0.00% | 166,894 | Common | SOLE |
| 337655112 | NOTEW | FISCALNOTE HOLDINGS INC | $8,342 | 0.00% | 273,057 | Common | SOLE |
| G0705H111 | BDMDW | BAIRD MED INVT HLDGS LTD | $7,333 | 0.00% | 132,013 | Common | SOLE |
| G3777K111 | GCLWW | GCL GLOBAL HLDGS LTD | $7,219 | 0.00% | 275,000 | Common | SOLE |
| G63638111 | NAMMW | NAMIB MINERALS | $6,261 | 0.00% | 83,480 | Common | SOLE |
| 923372114 | VGASW | VERDE CLEAN FUELS INC | $6,017 | 0.00% | 73,108 | Common | SOLE |
| G5S87A113 | LPBBW | LAUNCH TWO ACQUISITION CORP. | $5,161 | 0.00% | 14,427 | Common | SOLE |
| 14159C111 | CDIOW | CARDIO DIAGNOSTICS HOLDGS IN | $4,776 | 0.00% | 199,839 | Common | SOLE |
| G0232F133 | ALCWF | ALCHEMY INVTS ACQUISITN CORP | $4,767 | 0.00% | 21,669 | Common | SOLE |
| 74449F118 | PBMWW | PSYENCE BIOMEDICAL LTD | $4,706 | 0.00% | 297,847 | Common | SOLE |
| G63369113 | MRNOW | MURANO GLOBAL INVTS PLC | $4,602 | 0.00% | 174,998 | Common | SOLE |
| 20678X114 | CDTTW | CDT EQUITY INC | $4,208 | 0.00% | 765,000 | Common | SOLE |
| 96812F110 | BAERW | BRIDGER AEROSPACE GRP HLDGS | $3,739 | 0.00% | 18,752 | Common | SOLE |
| G9503X111 | WALDW | WALDENCAST PLC | $3,635 | 0.00% | 99,998 | Common | SOLE |
| 53838J113 | LVWR/WS | LIVEWIRE GROUP INC | $3,543 | 0.00% | 49,203 | Common | SOLE |
| G9491K113 | GGROW | GOGORO INC | $3,523 | 0.00% | 400,330 | Common | SOLE |
| M8744T114 | TBLAW | TABOOLA.COM LTD | $3,433 | 0.00% | 72,280 | Common | SOLE |
| M6000J127 | HUBCW | HUB CYBER SECURITY LTD | $3,003 | 0.00% | 179,799 | Common | SOLE |
| 092667112 | SRTA | STRATA CRITICAL MEDICAL INC | $2,995 | 0.00% | 27,728 | Common | SOLE |
| 02369M110 | RMCOW | ROYALTY MGMT HLDG CORP | $2,529 | 0.00% | 19,443 | Common | SOLE |
| 68218J111 | OABIW | OMNIAB INC | $2,165 | 0.00% | 19,900 | Common | SOLE |
| G29201111 | ECXWW | ECARX HOLDINGS INC | $2,060 | 0.00% | 43,358 | Common | SOLE |
| 02008G110 | ALURW | ALLURION TECHNOLOGIES INC | $1,871 | 0.00% | 122,683 | Common | SOLE |
| 06682J118 | BNZIW | BANZAI INTERNATIONAL INC | $1,855 | 0.00% | 124,100 | Common | SOLE |
| 54572F119 | LOTWW | LOTUS TECHNOLOGY INC | $1,685 | 0.00% | 26,945 | Common | SOLE |
| G86302117 | SWVLW | SWVL HOLDINGS CORP | $1,532 | 0.00% | 170,222 | Common | SOLE |
| G7006A117 | PERFF | PERFECT CORP | $1,255 | 0.00% | 41,822 | Common | SOLE |
| 015658115 | ASTLW | ALGOMA STL GROUP INC | $842 | 0.00% | 10,200 | Common | SOLE |
| G1893D110 | CRPWF | CARBON REVOLUTION LTD | $786 | 0.00% | 81,901 | Common | SOLE |
| 09769B115 | BSLKW | BOLT PROJS HLDGS INC | $682 | 0.00% | 41,097 | Common | SOLE |
| 68622D114 | ORGNW | ORIGIN MATERIALS INC | $608 | 0.00% | 155,950 | Common | SOLE |
| G20707116 | CCGWW | CHECHE GROUP INC | $451 | 0.00% | 22,099 | Common | SOLE |
| 124155110 | BFLYW | BUTTERFLY NETWORK INC | $322 | 0.00% | 16,866 | Common | SOLE |
| G1281K114 | SLXNW | SILEXION THERAPEUTICS CORP | $318 | 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.