Q2 2025 · 13F-HR
Radcliffe Capital Management, L.P.holdings as filed
Filed 2025-08-14 · accession 0001104659-25-078036
$1.31B
Reported value
145
Positions
2025-06-30
Period end
The Brief · Radcliffe Capital Management, L.P. · Q2 2025
AI · grounded in 13F
Radcliffe Capital Management, L.P. established a new position in DigitalOcean Holdings Inc [[stock:DOCN 0 12/01/26]] valued at $144.8M. The fund also opened new positions in Enphase Energy Inc [[stock:ENPH 0 03/01/26]] for $133.9M and Fiverr International Ltd [[stock:FVRR 0 11/01/25]] for $98.3M. Additional new entries include Teladoc Health Inc [[stock:TDOC 1.25 06/01/27]] and Nice Ltd [[stock:NICEIT 0 09/15/25]].
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 25402DAB8 | DOCN 0 12/01/26 | DigitalOcean Holdings Inc | $144.8M | 11.0% | 155,235,000 | Common | SOLE |
| 29355AAH0 | ENPH 0 03/01/26 | Enphase Energy Inc | $133.9M | 10.2% | 140,250,000 | Common | SOLE |
| 33835LAA3 | FVRR 0 11/01/25 | Fiverr International Ltd | $98.3M | 7.48% | 100,677,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | Teladoc Health Inc | $87.2M | 6.64% | 94,750,000 | Common | SOLE |
| 653656AB4 | NICEIT 0 09/15/25 | Nice Ltd | $80.0M | 6.09% | 81,181,000 | Common | SOLE |
| 55955DAB6 | MGNI 0.25 03/15/26 | Magnite Inc. | $71.9M | 5.48% | 74,767,000 | Common | SOLE |
| 647551AE0 | NMFC 7.5 10/15/25 | New Mountain Finance Corporation | $67.2M | 5.12% | 67,047,000 | Common | SOLE |
| 76680RAH0 | RNG 0 03/15/26 | RingCentral Inc | $40.5M | 3.08% | 42,230,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | Enphase Energy Inc | $34.6M | 2.64% | 42,639,000 | Common | SOLE |
| 29786AAN6 | ETSY 0.25 06/15/28 | Etsy Inc | $32.6M | 2.48% | 38,000,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | Bandwidth Inc | $32.5M | 2.48% | 38,900,000 | Common | SOLE |
| 12685JAE5 | CABO 0 03/15/26 | Cable One Inc | $32.4M | 2.47% | 34,255,000 | Common | SOLE |
| 92940WAD1 | WIX 0 08/15/25 | Wix.com Ltd | $28.3M | 2.15% | 28,500,000 | Common | SOLE |
| 00827BAB2 | AFRM 0 11/15/26 | Affirm Holdings Inc | $24.2M | 1.84% | 25,822,000 | Common | SOLE |
| 91332UAB7 | U 0 11/15/26 | Unity Software Inc | $17.2M | 1.31% | 18,461,000 | Common | SOLE |
| 02376RAF9 | AAL 6.5 07/01/25 | American Airlines Group Inc | $17.0M | 1.29% | 17,000,000 | Common | SOLE |
| 695127AF7 | PCRX 0.75 08/01/25 | Pacira Biosciences Inc. | $16.5M | 1.26% | 16,688,000 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | Upwork Inc | $14.7M | 1.12% | 15,600,000 | Common | SOLE |
| 011642AB1 | ALRM 0 01/15/26 | Alarm.com Holdings Inc | $13.1M | 1.00% | 13,500,000 | Common | SOLE |
| 29786AAL0 | ETSY 0.125 09/01/27 | Etsy Inc | $10.3M | 0.79% | 11,600,000 | Common | SOLE |
| 98980GAB8 | ZS 0.125 07/01/25 | Zscaler Inc | $10.2M | 0.78% | 5,000,000 | Common | SOLE |
| 04271TAB6 | ARRY 1 12/01/28 | Array Technologies Inc | $9.5M | 0.72% | 12,000,000 | Common | SOLE |
| 009066AB7 | ABNB 0 03/15/26 | Airbnb Inc | $8.0M | 0.61% | 8,270,000 | Common | SOLE |
| 09239BAD1 | BL 0 03/15/26 | BlackLine Inc | $7.8M | 0.59% | 8,092,000 | Common | SOLE |
| 68213NAD1 | OMCL 0.25 09/15/25 | Omnicell Inc | $7.8M | 0.59% | 7,886,000 | Common | SOLE |
| 594972AJ0 | MSTR 0.625 03/15/30 | MICROSTRATEGY INC | $6.9M | 0.53% | 2,500,000 | Common | SOLE |
| G4002F109 | GTEN | Gores Holdings X Inc | $6.7M | 0.51% | 658,063 | Common | SOLE |
| 090043AD2 | BILL 0 04/01/27 | BILL Holdings Inc | $6.6M | 0.51% | 7,302,000 | Common | SOLE |
| G24243100 | COPL | Copley Acquisition Corp | $6.2M | 0.47% | 616,879 | Common | SOLE |
| G4405D107 | HVII | Hennessy Capital Investment Corp VII | $5.7M | 0.44% | 563,399 | Common | SOLE |
| G6861F120 | OYSEU | Oyster Enterprises II Acquisition Corp | $5.6M | 0.42% | 551,079 | Common | SOLE |
| G4992A110 | JACS | Jackson Acquisition Co II | $5.5M | 0.42% | 537,100 | Common | SOLE |
| G87890128 | TVAIU | Thayer Ventures Acquisition Corp II | $5.4M | 0.41% | 533,683 | Common | SOLE |
| G0R38G104 | XRPN | Armada Acquisition Corp II | $5.4M | 0.41% | 535,030 | Common | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BlackLine Inc | $5.3M | 0.40% | 5,000,000 | Common | SOLE |
| G93A7H104 | VACH | Voyager Acquisition Corp | $5.2M | 0.40% | 500,000 | Common | SOLE |
| G5304D122 | KCHVU | Kochav Defense Acquisition Corp | $5.1M | 0.39% | 500,000 | Common | SOLE |
| 26210CAD6 | DBX 0 03/01/28 | Dropbox Inc | $5.1M | 0.39% | 5,000,000 | Common | SOLE |
| G8118C124 | SDHI | Siddhi Acquisition Corp | $5.1M | 0.39% | 500,978 | Common | SOLE |
| G17564108 | CRAQ | Cal Redwood Acquisition Corp. | $5.0M | 0.38% | 504,694 | Common | SOLE |
| G1331A124 | BACCU | Blue Acquisition Corp | $5.0M | 0.38% | 500,000 | Common | SOLE |
| G17564116 | CRAQR | Cal Redwood Acquisition Corp. | $5.0M | 0.38% | 503,394 | Common | SOLE |
| G1368E122 | BLUWU | Blue Water Acquisition Corp III | $5.0M | 0.38% | 500,000 | Common | SOLE |
| G6858G123 | OBAWU | Oxley Bridge Acquisition Ltd | $5.0M | 0.38% | 500,000 | Common | SOLE |
| G7117W123 | PACHU | Pioneer Acquisition I Corp | $5.0M | 0.38% | 500,000 | Common | SOLE |
| 679295AD7 | OKTA 0.125 09/01/25 | Okta Inc | $5.0M | 0.38% | 5,019,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $4.8M | 0.37% | 5,000,000 | Common | SOLE |
| G8193F109 | SZZL | Sizzle Acquisition Corp II | $4.8M | 0.37% | 480,265 | Common | SOLE |
| G24979109 | CHAC | Crane Harbor Acquisition Corp | $4.7M | 0.36% | 464,049 | Common | SOLE |
| G82745103 | SOUL | Soulpower Acquisition Corp | $4.4M | 0.34% | 439,784 | Common | SOLE |
| G8772L105 | TVA | Texas Ventures Acquisition III Corp | $4.2M | 0.32% | 419,832 | Common | SOLE |
| G75751100 | RAC | Rithm Acquisition Corp | $4.0M | 0.31% | 394,533 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | Coinbase Global Inc | $3.9M | 0.30% | 3,000,000 | Common | SOLE |
| G5490M118 | LWACU | Lightwave Acquisition Corp | $3.9M | 0.29% | 384,680 | Common | SOLE |
| G0750N120 | AXINU | Axiom Intelligence Acquisition Corp 1 | $3.8M | 0.29% | 375,664 | Common | SOLE |
| G0131Y100 | ANSC | Agriculture & Natural Solutions Acquisition Corp | $3.7M | 0.28% | 336,632 | Common | SOLE |
| 92343XAC4 | VRNT 0.25 04/15/26 | Verint Systems Inc | $3.6M | 0.28% | 3,801,000 | Common | SOLE |
| G52258111 | KFII | K&F Growth Acquisition Corp II | $3.6M | 0.27% | 349,331 | Common | SOLE |
| G04537109 | ATII | Archimedes Tech SPAC Partners Co | $3.3M | 0.25% | 326,920 | Common | SOLE |
| G73944103 | RAAQ | Real Asset Acquisition Corp | $3.3M | 0.25% | 325,971 | Common | SOLE |
| G7134A104 | PLMK | Plum Acquisition Corp IV | $3.2M | 0.24% | 311,355 | Common | SOLE |
| G1828A108 | CAEP | Cantor Equity Partners III Inc | $3.2M | 0.24% | 300,000 | Common | SOLE |
| G6004G100 | MACI | Melar Acquisition Corp I | $3.1M | 0.24% | 294,375 | Common | SOLE |
| G2867S109 | IPOD | Dune Acquisition Corp II | $3.1M | 0.23% | 306,721 | Common | SOLE |
| G3473K126 | FIGXU | FIGX Capital Acquisition Corp | $3.0M | 0.23% | 300,000 | Common | SOLE |
| G2124S124 | CHPGU | ChampionsGate Acquisition Corp | $2.9M | 0.22% | 289,416 | Common | SOLE |
| G6439S109 | NTWO | Newbury Street II Acquisition Corp | $2.9M | 0.22% | 276,699 | Common | SOLE |
| G8431T101 | SIMA | SIM Acquisition Corp I | $2.8M | 0.21% | 270,579 | Common | SOLE |
| G6363K106 | — | Nabors Energy Transition Corp II | $2.8M | 0.21% | 250,000 | Common | SOLE |
| G0509J115 | AACB | Artius II Acquisition Inc | $2.7M | 0.21% | 268,002 | Common | SOLE |
| G2946P126 | EGHAU | EGH Acquisition Corp | $2.7M | 0.21% | 264,763 | Common | SOLE |
| G8901A103 | TACH | Titan Acquisition Corp | $2.7M | 0.20% | 265,523 | Common | SOLE |
| G5093B121 | JENA/U | Jena Acquisition Corp II | $2.6M | 0.20% | 257,046 | Common | SOLE |
| G6993G103 | — | Pelican Acquisition Corp | $2.5M | 0.19% | 251,272 | Common | SOLE |
| G26745102 | POLE | Andretti Acquisition Corp II | $2.4M | 0.18% | 229,842 | Common | SOLE |
| G8193F133 | SZZLR | Sizzle Acquisition Corp II | $2.3M | 0.18% | 232,571 | Common | SOLE |
| G8089R100 | PGAC | Aifeex Nexus Acquisition Corp | $2.3M | 0.18% | 229,090 | Common | SOLE |
| G2003N105 | BEAG | Bold Eagle Acquisition Corp | $2.2M | 0.17% | 214,221 | Common | SOLE |
| G8118C116 | SDHIR | Siddhi Acquisition Corp | $2.2M | 0.17% | 217,245 | Common | SOLE |
| G82745137 | SOUL-R | Soulpower Acquisition Corp | $2.0M | 0.15% | 202,149 | Common | SOLE |
| G5451A103 | LEGT | Legato Merger Corp III | $2.0M | 0.15% | 188,446 | Common | SOLE |
| G2130T124 | CCCXU | Churchill Capital Corp X | $2.0M | 0.15% | 191,516 | Common | SOLE |
| G2296A109 | CCCMUSD | Columbus Circle Capital Corp I | $1.9M | 0.15% | 179,930 | Common | SOLE |
| G6486E102 | NHIC | NewHold Investment Corp III | $1.9M | 0.14% | 183,091 | Common | SOLE |
| G7633M104 | DRDB | Roman DBDR Acquisition Corp II | $1.9M | 0.14% | 179,440 | Common | SOLE |
| G9008W105 | TDAC | Translational Development Acquisition Corp | $1.8M | 0.14% | 175,304 | Common | SOLE |
| G1069P137 | BSAAU | BEST SPAC I Acquisition Corp | $1.7M | 0.13% | 170,000 | Common | SOLE |
| G81354105 | SBXD | Silverbox Corp IV | $1.7M | 0.13% | 155,037 | Common | SOLE |
| G98659108 | MCGAU | Yorkville Acquisition Corp | $1.7M | 0.13% | 150,000 | Common | SOLE |
| G2949D104 | DYNC | Dynamix Corp | $1.6M | 0.12% | 155,118 | Common | SOLE |
| G4035N103 | GPAT | GP-Act III Acquisition Corp | $1.6M | 0.12% | 147,743 | Common | SOLE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $1.5M | 0.11% | 143,626 | Common | SOLE |
| G9R39C129 | WENNU | Wen Acquisition Corp | $1.4M | 0.11% | 132,621 | Common | SOLE |
| G2847J104 | DMAA | Drugs Made In America Acquisition Corp | $1.3M | 0.10% | 126,722 | Common | SOLE |
| G1169T104 | MRLN | Bleichroeder Acquisition Corp I | $1.3M | 0.10% | 125,300 | Common | SOLE |
| G9717M125 | WTGUU | Wintergreen Acquisition Corp | $1.3M | 0.10% | 125,000 | Common | SOLE |
| G93Y0A104 | UYSC | UY Scuti Acquisition Corp | $1.3M | 0.10% | 125,125 | Common | SOLE |
| G4R103107 | — | GSR III Acquisition Corp | $1.3M | 0.10% | 116,500 | Common | SOLE |
| G1000R101 | AAM | AA Mission Acquisition Corp | $1.2M | 0.09% | 117,075 | Common | SOLE |
| 55955D100 | MGNI | Magnite Inc. | $1.2M | 0.09% | 50,000 | Common | SOLE |
| G7010A103 | PMTRU | Perimeter Acquisition Corp I | $1.2M | 0.09% | 112,600 | Common | SOLE |
| G3415K101 | FERA | Fifth Era Acquisition Corp I | $1.1M | 0.08% | 104,558 | Common | SOLE |
| G01558108 | ALDF | Aldel Financial II Inc | $1.0M | 0.08% | 95,798 | Common | SOLE |
| G5353S103 | LCCC | Lakeshore Acquisition III Corp | $1.0M | 0.08% | 100,000 | Common | SOLE |
| G5S87A105 | LPBB | Launch Two Acquisition Corp | $946,907 | 0.07% | 90,874 | Common | SOLE |
| G6717R104 | OACC | Oaktree Acquisition Corp III Life Sciences | $855,991 | 0.07% | 81,913 | Common | SOLE |
| G7490F101 | RTAC | Renatus Tactical Acquisition Corp I | $826,000 | 0.06% | 70,000 | Common | SOLE |
| G5353S137 | LCCCR | Lakeshore Acquisition III Corp | $820,247 | 0.06% | 81,843 | Common | SOLE |
| G5501C109 | CUB | Lionheart Holdings | $810,600 | 0.06% | 77,200 | Common | SOLE |
| G7257A113 | PCAPU | ProCap Acquisition Corp | $804,000 | 0.06% | 75,000 | Common | SOLE |
| G3852D107 | GSHR | Gesher Acquisition Corp II | $787,133 | 0.06% | 77,550 | Common | SOLE |
| G2868C103 | DAAQ | Digital Asset Acquisition Corp | $786,000 | 0.06% | 75,000 | Common | SOLE |
| G3106N109 | FTW | EQV Ventures Acquisition Corp | $706,766 | 0.05% | 67,247 | Common | SOLE |
| G93Y09107 | — | Vine Hill Capital Investment Corp | $583,679 | 0.04% | 56,123 | Common | SOLE |
| G8316B100 | SPKL | Spark I Acquisition Corp | $530,917 | 0.04% | 48,708 | Common | SOLE |
| 15677JAD0 | DAY 0.25 03/15/26 | Dayforce Inc. | $481,000 | 0.04% | 500,000 | Common | SOLE |
| G0544A103 | ASPC | A SPAC III Acquisition Corp | $336,260 | 0.03% | 32,870 | Common | SOLE |
| G9675P102 | WLAC | Willow Lane Acquisition Corp | $294,276 | 0.02% | 28,766 | Common | SOLE |
| G1993W109 | CAPN | Cayson Acquisition Corp | $279,802 | 0.02% | 26,904 | Common | SOLE |
| G7314B104 | QSEA | Quartzsea Acquisition Corp | $266,725 | 0.02% | 26,553 | Common | SOLE |
| 87918A105 | TDOC | Teladoc Health Inc | $238,654 | 0.02% | 27,400 | Common | SOLE |
| G86880104 | TAVI | Tavia Acquisition Corp | $223,922 | 0.02% | 21,846 | Common | SOLE |
| G6001J107 | IPEX | Maywood Acquisition Corp | $211,174 | 0.02% | 20,867 | Common | SOLE |
| G7375C108 | RANG | Range Capital Acquisition Corp | $187,578 | 0.01% | 18,390 | Common | SOLE |
| G20315100 | ALF | Centurion Acquisition Corp | $162,029 | 0.01% | 15,402 | Common | SOLE |
| G4627B103 | HSPT | HORIZON SPACE ACQUISITION II Corp | $153,624 | 0.01% | 15,017 | Common | SOLE |
| G6476A128 | NPACU | New Providence Acquisition Corp III | $150,802 | 0.01% | 14,417 | Common | SOLE |
| G2296A117 | — | Columbus Circle Capital Corp I | $114,252 | 0.01% | 62,776 | Common | SOLE |
| G4375F108 | HYAC | Haymaker Acquisition Corp 4 | $111,122 | 0.01% | 10,011 | Common | SOLE |
| G5509P102 | LOKV | Live Oak Acquisition Corp V | $107,663 | 0.01% | 10,062 | Common | SOLE |
| G4002F125 | GTENW | Gores Holdings X Inc | $100,346 | 0.01% | 164,515 | Common | SOLE |
| G0R38G112 | XRPNW | Armada Acquisition Corp II | $73,580 | 0.01% | 267,515 | Common | SOLE |
| G7490F127 | RTACW | Renatus Tactical Acquisition Corp I | $49,398 | 0.00% | 24,394 | Common | SOLE |
| G19307126 | CGCTW | Cartesian Growth Corporation III | $39,358 | 0.00% | 145,742 | Common | SOLE |
| G2867S117 | IPODW | Dune Acquisition Corp II | $38,952 | 0.00% | 210,324 | Common | SOLE |
| G8772L113 | TVACW | Texas Ventures Acquisition III Corp | $32,258 | 0.00% | 124,069 | Common | SOLE |
| G24243126 | COPL/WS | Copley Acquisition Corp | $26,043 | 0.00% | 157,739 | Common | SOLE |
| G1051H119 | TACOW | BERTO ACQUISITION CORP | $18,046 | 0.00% | 26,343 | Common | SOLE |
| G8901A111 | TACHW | Titan Acquisition Corp | $5,197 | 0.00% | 13,499 | Common | SOLE |
| G93Y09115 | VCICW | Vine Hill Capital Investment Corp | $3,829 | 0.00% | 14,448 | Common | SOLE |
| G1000R127 | AAM | AA Mission Acquisition Corp | $3,580 | 0.00% | 35,448 | Common | SOLE |
| G0232F133 | ALCWF | Alchemy Investments Acquisition Corp 1 | $3,387 | 0.00% | 30,000 | Common | SOLE |
| G6301B101 | MLAC | Mountain Lake Acquisition Corp | $0 | — | 96,854 | Common | SOLE |
| G38648104 | GIG | GigCapital7 Corp | $0 | — | 15,684 | Common | SOLE |
| G38648120 | GIGGW | GigCapital7 Corp | $0 | — | 73,758 | 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.