Q4 2025 · 13F-HR
Radcliffe Capital Management, L.P.holdings as filed
Filed 2026-02-17 · accession 0001104659-26-015736
$1.84B
Reported value
309
Positions
2025-12-31
Period end
The Brief · Radcliffe Capital Management, L.P. · Q4 2025
AI · grounded in 13F
Radcliffe Capital Management, L.P. closed its position in [[stock:DXCM 0.25 11/15/25]] for a reduction of $118.1M. The fund also exited positions in [[stock:NMFC 7.5 10/15/25]] and [[stock:FVRR 0 11/01/25]], reducing holdings by $114M and $103.2M respectively. On the buy side, the fund established a new position in [[stock:CALY 2.75 05/01/26]] worth $76.9M and added [[stock:BSY 0.125 01/15/26]] for $48.6M. Overall, the fund added 221 positions and reduced 65.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 29355AAH0 | ENPH 0 03/01/26 | Enphase Energy Inc | $148.1M | 8.06% | 149,750,000 | Common | SOLE |
| 57164YAD9 | VAC 0 01/15/26 | Marriott Vacations Worldwide Corp | $113.4M | 6.17% | 113,786,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | Teladoc Health Inc | $110.0M | 5.99% | 115,750,000 | Common | SOLE |
| 76680RAH0 | RNG 0 03/15/26 | RingCentral Inc | $80.2M | 4.37% | 81,222,000 | Common | SOLE |
| 131193AE4 | CALY 2.75 05/01/26 | Callaway Golf Company | $76.9M | 4.19% | 77,410,000 | Common | SOLE |
| 55955DAB6 | MGNI 0.25 03/15/26 | Magnite Inc. | $75.8M | 4.12% | 76,767,000 | Common | SOLE |
| 12685JAE5 | CABO 0 03/15/26 | Cable One Inc | $74.1M | 4.03% | 75,188,000 | Common | SOLE |
| 011642AB1 | ALRM 0 01/15/26 | Alarm.com Holdings Inc | $57.3M | 3.12% | 57,420,000 | Common | SOLE |
| 08265TAB5 | BSY 0.125 01/15/26 | Bentley Systems Inc | $48.6M | 2.65% | 48,716,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | Bandwidth Inc | $48.5M | 2.64% | 55,900,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | Enphase Energy Inc | $43.2M | 2.35% | 49,639,000 | Common | SOLE |
| 29786AAN6 | ETSY 0.25 06/15/28 | Etsy Inc | $33.9M | 1.85% | 38,000,000 | Common | SOLE |
| 91879QAN9 | MTN 0 01/01/26 | Vail Resorts Inc | $33.7M | 1.83% | 33,692,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DexCom Inc. | $23.9M | 1.30% | 26,000,000 | Common | SOLE |
| 376535AG5 | GLAD 5.875 10/01/30 | Gladstone Capital Corp | $20.9M | 1.14% | 21,400,000 | Common | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | Five9 Inc | $19.3M | 1.05% | 21,500,000 | Common | SOLE |
| 91332UAB7 | U 0 11/15/26 | Unity Software Inc | $16.6M | 0.90% | 17,181,000 | Common | SOLE |
| 04271TAB6 | ARRY 1 12/01/28 | Array Technologies Inc | $16.3M | 0.89% | 18,000,000 | Common | SOLE |
| 35953DAB0 | FUBO 3.25 02/15/26 | FuboTV Inc | $11.7M | 0.64% | 11,737,000 | Common | SOLE |
| 09239BAD1 | BL 0 03/15/26 | BlackLine Inc | $10.6M | 0.58% | 10,692,000 | Common | SOLE |
| G3106Q102 | EVAC | EQV Ventures Acquisition Corp II | $9.1M | 0.50% | 910,862 | Common | SOLE |
| 57164YAF4 | VAC 3.25 12/15/27 | Marriott Vacations Worldwide Corp | $8.6M | 0.47% | 9,000,000 | Common | SOLE |
| 009066AB7 | ABNB 0 03/15/26 | Airbnb Inc | $7.9M | 0.43% | 7,964,000 | Common | SOLE |
| G6032N127 | MESHU | Meshflow Acquisition Corp | $7.5M | 0.41% | 749,400 | Common | SOLE |
| 833445AB5 | SNOW 0 10/01/27 | Snowflake Inc | $7.4M | 0.40% | 5,000,000 | Common | SOLE |
| G3226F101 | EVOX | Evolution Global Acquisition Corp | $7.1M | 0.39% | 720,988 | Common | SOLE |
| G4365E103 | HCMA | HCM III Acquisition Corp | $7.0M | 0.38% | 700,000 | Common | SOLE |
| G8118C124 | SDHI | Siddhi Acquisition Corp | $7.0M | 0.38% | 683,370 | Common | SOLE |
| G2584S101 | KOYN | CSLM Digital Asset Acquisition Corp III Ltd | $7.0M | 0.38% | 701,739 | Common | SOLE |
| G9R39C103 | WENN | Wen Acquisition Corp | $7.0M | 0.38% | 691,263 | Common | SOLE |
| G4992A110 | JACS | Jackson Acquisition Co II | $6.9M | 0.38% | 662,430 | Common | SOLE |
| 090043AD2 | BILL 0 04/01/27 | BILL Holdings Inc | $6.9M | 0.38% | 7,302,000 | Common | SOLE |
| G0509J115 | AACB | Artius II Acquisition Inc | $6.9M | 0.37% | 667,119 | Common | SOLE |
| 140501AE7 | CSWC 5.125 11/15/29 | Capital Southwest Corp | $6.9M | 0.37% | 6,949,000 | Common | SOLE |
| G6476A102 | NPAC | New Providence Acquisition Corp III | $6.8M | 0.37% | 665,376 | Common | SOLE |
| G04537109 | ATII | Archimedes Tech SPAC Partners Co | $6.8M | 0.37% | 658,322 | Common | SOLE |
| G0233J126 | ALUB/U | Alussa Energy Acquisition Corp II | $6.8M | 0.37% | 675,000 | Common | SOLE |
| G4002F109 | GTEN | Gores Holdings X Inc | $6.7M | 0.37% | 658,063 | Common | SOLE |
| G04104108 | APXT | Apex Treasury Corp | $6.7M | 0.36% | 675,000 | Common | SOLE |
| G82745103 | SOUL | Soulpower Acquisition Corp | $6.7M | 0.36% | 655,635 | Common | SOLE |
| G52258111 | KFII | K&F Growth Acquisition Corp II | $6.6M | 0.36% | 633,889 | Common | SOLE |
| G3864J100 | GIW | GigCapital8 Corp | $6.4M | 0.35% | 650,000 | Common | SOLE |
| G8901A103 | TACH | Titan Acquisition Corp | $6.4M | 0.35% | 625,010 | Common | SOLE |
| G8148S123 | SBXE/U | SilverBox Corp V | $6.4M | 0.35% | 635,000 | Common | SOLE |
| G63221108 | MBVI | M3-Brigade Acquisition VI Corp | $6.4M | 0.35% | 635,905 | Common | SOLE |
| G7117W107 | PACH | Pioneer Acquisition I Corp | $6.3M | 0.34% | 629,247 | Common | SOLE |
| G2254C121 | CCII | Cohen Circle Acquisition Corp II | $6.3M | 0.34% | 616,577 | Common | SOLE |
| G6858G107 | OBA | Oxley Bridge Acquisition Ltd | $6.3M | 0.34% | 625,296 | Common | SOLE |
| G6861F104 | OYSE | Oyster Enterprises II Acquisition Corp | $6.3M | 0.34% | 623,741 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | Coinbase Global Inc | $6.1M | 0.33% | 6,000,000 | Common | SOLE |
| G19307100 | CGCT | Cartesian Growth Corporation III | $6.1M | 0.33% | 595,796 | Common | SOLE |
| G4035N103 | GPAT | GP-Act III Acquisition Corp | $6.1M | 0.33% | 573,222 | Common | SOLE |
| G4R12K107 | GSRF | GSR IV Acquisition Corp | $6.1M | 0.33% | 609,667 | Common | SOLE |
| G5509P102 | LOKV | Live Oak Acquisition Corp V | $6.1M | 0.33% | 590,384 | Common | SOLE |
| 46283H202 | IRHOU | Iron Horse Acquisition II Corp | $6.0M | 0.33% | 603,644 | Common | SOLE |
| G6001S123 | LPCVU | Launchpad Cadenza Acquisition Corp I | $6.0M | 0.33% | 600,000 | Common | SOLE |
| G0R91M121 | ADACU | 10X Capital Venture Acquisition | $6.0M | 0.33% | 600,000 | Common | SOLE |
| G24243100 | COPL | Copley Acquisition Corp | $5.9M | 0.32% | 572,786 | Common | SOLE |
| G0701G109 | BDCI | BTC Development Corp | $5.8M | 0.32% | 581,316 | Common | SOLE |
| G6486E102 | NHIC | NewHold Investment Corp III | $5.8M | 0.32% | 560,971 | Common | SOLE |
| G5304D106 | KCHV | Kochav Defense Acquisition Corp | $5.7M | 0.31% | 566,200 | Common | SOLE |
| G2851K104 | DMII | Drugs Made In America Acquisition II Corp | $5.7M | 0.31% | 575,607 | Common | SOLE |
| G9582G104 | VACI | Viking Acquisition Corp I | $5.7M | 0.31% | 575,000 | Common | SOLE |
| G8431T101 | SIMA | SIM Acquisition Corp I | $5.7M | 0.31% | 536,322 | Common | SOLE |
| G2847J104 | DMAA | Drugs Made In America Acquisition Corp | $5.7M | 0.31% | 546,808 | Common | SOLE |
| G5490M100 | LWAC | Lightwave Acquisition Corp | $5.7M | 0.31% | 564,160 | Common | SOLE |
| G1000R101 | AAM | AA Mission Acquisition Corp | $5.6M | 0.31% | 528,530 | Common | SOLE |
| G1169T104 | MRLN | Bleichroeder Acquisition Corp I | $5.6M | 0.30% | 521,028 | Common | SOLE |
| G0750N104 | AXIN | Axiom Intelligence Acquisition Corp 1 | $5.5M | 0.30% | 549,758 | Common | SOLE |
| G17564108 | CRAQ | Cal Redwood Acquisition Corp. | $5.5M | 0.30% | 545,628 | Common | SOLE |
| G2616F101 | BCAR | D Boral ARC Acquisition I Corp | $5.5M | 0.30% | 549,672 | Common | SOLE |
| G42386121 | HCACU | Hall Chadwick Acquisition Corp | $5.5M | 0.30% | 550,000 | Common | SOLE |
| G3810N122 | GPACU | General Purpose Acquisition Corp | $5.5M | 0.30% | 550,000 | Common | SOLE |
| G6791A100 | OTGA | OTG Acquisition Corp I | $5.5M | 0.30% | 550,000 | Common | SOLE |
| G1828E100 | CEPF | Cantor Equity Partners IV Inc | $5.5M | 0.30% | 534,810 | Common | SOLE |
| G7633M104 | DRDB | Roman DBDR Acquisition Corp II | $5.5M | 0.30% | 525,266 | Common | SOLE |
| G1143H101 | BIXI | Bitcoin Infrastructure Acquisition Corp Ltd | $5.5M | 0.30% | 556,079 | Common | SOLE |
| G4330A103 | HAVA | Harvard Ave Acquisition Corp | $5.5M | 0.30% | 550,000 | Common | SOLE |
| G4405D107 | HVII | Hennessy Capital Investment Corp VII | $5.5M | 0.30% | 526,647 | Common | SOLE |
| G32901103 | FACT | Fact II Acquisition Corp | $5.4M | 0.30% | 523,289 | Common | SOLE |
| G4924G102 | IGAC | Invest Green Acquisition Corp | $5.4M | 0.29% | 550,000 | Common | SOLE |
| G9009S103 | BLZR | Trailblazer Acquisition Corp | $5.4M | 0.29% | 537,741 | Common | SOLE |
| G86652107 | TLNC | Talon Capital Corp | $5.4M | 0.29% | 530,385 | Common | SOLE |
| G1331A108 | BACC | Blue Acquisition Corp | $5.4M | 0.29% | 524,100 | Common | SOLE |
| G20315100 | ALF | Centurion Acquisition Corp | $5.3M | 0.29% | 501,086 | Common | SOLE |
| G93A7H104 | VACH | Voyager Acquisition Corp | $5.3M | 0.29% | 500,000 | Common | SOLE |
| G4569C101 | HVMC | Highview Merger Corp | $5.3M | 0.29% | 532,201 | Common | SOLE |
| G87890102 | TVAI | Thayer Ventures Acquisition Corp II | $5.3M | 0.29% | 525,000 | Common | SOLE |
| G2946P100 | EGHA | EGH Acquisition Corp | $5.3M | 0.29% | 522,737 | Common | SOLE |
| G9008W105 | TDAC | Translational Development Acquisition Corp | $5.3M | 0.29% | 505,514 | Common | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BlackLine Inc | $5.3M | 0.29% | 5,000,000 | Common | SOLE |
| G4977S128 | ITHAU | ITHAX Acquisition Corp III | $5.2M | 0.29% | 525,732 | Common | SOLE |
| G77676123 | SAC/U | Safeguard Acquisition Corp | $5.0M | 0.27% | 500,000 | Common | SOLE |
| 26210CAD6 | DBX 0 03/01/28 | Dropbox Inc | $5.0M | 0.27% | 5,000,000 | Common | SOLE |
| G25014120 | CRANU | Crane Harbor Acquisition Corp II | $5.0M | 0.27% | 500,000 | Common | SOLE |
| G26745102 | POLE | Andretti Acquisition Corp II | $5.0M | 0.27% | 478,664 | Common | SOLE |
| G7257A105 | PCAP | ProCap Acquisition Corp | $5.0M | 0.27% | 493,841 | Common | SOLE |
| G3037D105 | EMIS | Emmis Acquisition Corp | $5.0M | 0.27% | 499,126 | Common | SOLE |
| G9145D127 | TWLVU | Twelve Seas Investment Co III | $5.0M | 0.27% | 500,000 | Common | SOLE |
| G8193F109 | SZZL | Sizzle Acquisition Corp II | $5.0M | 0.27% | 489,484 | Common | SOLE |
| G1368E106 | BLUW | Blue Water Acquisition Corp III | $4.9M | 0.27% | 475,000 | Common | SOLE |
| G5093B105 | JENA | Jena Acquisition Corp II | $4.9M | 0.27% | 479,790 | Common | SOLE |
| G4814G105 | DYOR | Insight Digital Partners II | $4.9M | 0.27% | 492,281 | Common | SOLE |
| G2868C103 | DAAQ | Digital Asset Acquisition Corp | $4.8M | 0.26% | 474,579 | Common | SOLE |
| G0R38G104 | XRPN | Armada Acquisition Corp II | $4.8M | 0.26% | 466,789 | Common | SOLE |
| G8662J111 | TDWD | Tailwind 2.0 Acquisition Corp | $4.7M | 0.26% | 477,680 | Common | SOLE |
| G7134A104 | PLMK | Plum Acquisition Corp IV | $4.7M | 0.26% | 449,055 | Common | SOLE |
| G2003N105 | BEAG | Bold Eagle Acquisition Corp | $4.6M | 0.25% | 435,448 | Common | SOLE |
| G6004G100 | MACI | Melar Acquisition Corp I | $4.5M | 0.25% | 426,939 | Common | SOLE |
| G0131Y100 | ANSC | Agriculture & Natural Solutions Acquisition Corp | $4.5M | 0.25% | 404,238 | Common | SOLE |
| G2867S109 | IPOD | Dune Acquisition Corp II | $4.3M | 0.24% | 424,606 | Common | SOLE |
| G6439S109 | NTWO | Newbury Street II Acquisition Corp | $4.3M | 0.24% | 414,038 | Common | SOLE |
| G5S87A105 | LPBB | Launch Two Acquisition Corp | $4.2M | 0.23% | 403,258 | Common | SOLE |
| G0273J101 | AEXA | American Exceptionalism Acquisition Corp A | $4.2M | 0.23% | 366,382 | Common | SOLE |
| G3106N109 | FTW | EQV Ventures Acquisition Corp | $4.2M | 0.23% | 397,032 | Common | SOLE |
| G3415K101 | FERA | Fifth Era Acquisition Corp I | $4.2M | 0.23% | 404,403 | Common | SOLE |
| G75751100 | RAC | Rithm Acquisition Corp | $4.1M | 0.23% | 399,101 | Common | SOLE |
| 594972AS0 | MSTR 0 12/01/29 | MICROSTRATEGY INC | $4.1M | 0.22% | 5,000,000 | Common | SOLE |
| G1352R121 | BLRKU | Bluerock Acquisition Corp | $4.0M | 0.22% | 400,431 | Common | SOLE |
| G8254P129 | SCPQU | Social Commerce Partners Corp | $4.0M | 0.22% | 399,861 | Common | SOLE |
| G6717R104 | OACC | Oaktree Acquisition Corp III Life Sciences | $4.0M | 0.22% | 377,065 | Common | SOLE |
| G73944103 | RAAQ | Real Asset Acquisition Corp | $3.9M | 0.21% | 385,923 | Common | SOLE |
| G8377R101 | SVAC | Spring Valley Acquisition Corp. III | $3.9M | 0.21% | 383,498 | Common | SOLE |
| G01558108 | ALDF | Aldel Financial II Inc | $3.9M | 0.21% | 370,459 | Common | SOLE |
| G7309T102 | PAII | Pyrophyte Acquisition Corp II | $3.9M | 0.21% | 384,841 | Common | SOLE |
| G5451A103 | LEGT | Legato Merger Corp III | $3.8M | 0.21% | 349,810 | Common | SOLE |
| G6375X104 | NMP | NMP Acquisition Corp | $3.8M | 0.20% | 374,900 | Common | SOLE |
| G8772L105 | TVA | Texas Ventures Acquisition III Corp | $3.8M | 0.20% | 352,594 | Common | SOLE |
| 29786AAL0 | ETSY 0.125 09/01/27 | Etsy Inc | $3.7M | 0.20% | 4,025,000 | Common | SOLE |
| G2949T109 | DNMX | Dynamix Corp III | $3.7M | 0.20% | 375,171 | Common | SOLE |
| G7375J103 | RNGT | Range Capital Acquisition Corp II | $3.7M | 0.20% | 369,089 | Common | SOLE |
| G9580A109 | VNME | Vendome Acquisition Corp I | $3.7M | 0.20% | 365,419 | Common | SOLE |
| G5501C109 | CUB | Lionheart Holdings | $3.7M | 0.20% | 345,241 | Common | SOLE |
| G3933N116 | GTERA | Globa Terra Acquisition Corp | $3.5M | 0.19% | 350,000 | Common | SOLE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $3.5M | 0.19% | 347,482 | Common | SOLE |
| G04819101 | ENHA | A Paradise Acquisition Corp | $3.5M | 0.19% | 350,000 | Common | SOLE |
| G6005T101 | MKLY | McKinley Acquisition Corp | $3.5M | 0.19% | 350,000 | Common | SOLE |
| G1000S109 | YCY | AA Mission Acquisition Corp II | $3.5M | 0.19% | 350,000 | Common | SOLE |
| G2574F119 | CRAC | Crown Reserve Acquisition Corp I | $3.5M | 0.19% | 350,000 | Common | SOLE |
| G3R25N108 | LATA | Galata Acquisition Corp II | $3.5M | 0.19% | 350,000 | Common | SOLE |
| G3473K100 | FIGX | FIGX Capital Acquisition Corp | $3.3M | 0.18% | 331,994 | Common | SOLE |
| G24979109 | CHAC | Crane Harbor Acquisition Corp | $3.3M | 0.18% | 307,926 | Common | SOLE |
| G1828A108 | CAEP | Cantor Equity Partners III Inc | $3.3M | 0.18% | 323,608 | Common | SOLE |
| G82617104 | SOCA | Solarius Capital Acquisition Corp | $3.3M | 0.18% | 328,299 | Common | SOLE |
| G8192J102 | SPEG | Silver Pegasus Acquisition Corp | $3.2M | 0.17% | 318,618 | Common | SOLE |
| G9709D125 | VHCPU | Vine Hill Capital Investment Corp II | $3.2M | 0.17% | 318,172 | Common | SOLE |
| G0081J129 | AEAQU | Activate Energy Acquisition Corp | $3.2M | 0.17% | 315,653 | Common | SOLE |
| G38648104 | GIG | GigCapital7 Corp | $3.0M | 0.16% | 286,789 | Common | SOLE |
| G2086N105 | CHEC | Chenghe Acquisition III Co | $3.0M | 0.16% | 300,000 | Common | SOLE |
| G98659116 | MCGA | Yorkville Acquisition Corp | $3.0M | 0.16% | 294,690 | Common | SOLE |
| G7010A129 | PMTR | Perimeter Acquisition Corp I | $2.8M | 0.16% | 276,973 | Common | SOLE |
| G7515A103 | RDAG | Republic Digital Acquisition Co | $2.7M | 0.15% | 266,602 | Common | SOLE |
| G47875102 | IPCX | Inflection Point Acquisition Corp III | $2.7M | 0.15% | 263,743 | Common | SOLE |
| G0R78B106 | BCSS | Bain Capital GSS Investment Corp | $2.7M | 0.15% | 264,693 | Common | SOLE |
| G3730U107 | FCRS | FutureCrest Acquisition Corp | $2.6M | 0.14% | 261,340 | Common | SOLE |
| G6993G103 | — | Pelican Acquisition Corp | $2.5M | 0.14% | 249,365 | Common | SOLE |
| G4791J106 | INAC | Indigo Acquisition Corp | $2.5M | 0.14% | 250,000 | Common | SOLE |
| G81306105 | SVAQU | Silicon Valley Acquisition Corp | $2.5M | 0.14% | 250,000 | Common | SOLE |
| G01336109 | AIIA | AI Infrastructure Acquisition Corp | $2.5M | 0.14% | 250,000 | Common | SOLE |
| G2124S108 | CHPG | ChampionsGate Acquisition Corp | $2.4M | 0.13% | 239,738 | Common | SOLE |
| G81354105 | SBXD | Silverbox Corp IV | $2.4M | 0.13% | 227,454 | Common | SOLE |
| G8089R100 | PGAC | Pantages Capital Acquisition Corporation | $2.4M | 0.13% | 229,090 | Common | SOLE |
| G3852D107 | GSHR | Gesher Acquisition Corp II | $2.3M | 0.13% | 227,045 | Common | SOLE |
| G1828S109 | CEPV | Cantor Equity Partners V Inc | $2.2M | 0.12% | 218,727 | Common | SOLE |
| G8773E126 | BEBE/U | TGE Value Creative Solutions Corp | $2.2M | 0.12% | 224,414 | Common | SOLE |
| G8475V103 | SVCC | Stellar V Capital Corp | $2.2M | 0.12% | 213,002 | Common | SOLE |
| G5354C107 | LKSP | Lake Superior Acquisition Corp | $2.1M | 0.11% | 210,000 | Common | SOLE |
| G6301B101 | MLAC | Mountain Lake Acquisition Corp | $2.0M | 0.11% | 193,057 | Common | SOLE |
| G53426105 | LAFA | LaFayette Acquisition Corp | $2.0M | 0.11% | 200,000 | Common | SOLE |
| G93Y09107 | — | Vine Hill Capital Investment Corp | $1.9M | 0.10% | 175,730 | Common | SOLE |
| G6180J100 | MMTX | Miluna Acquisition Corp | $1.7M | 0.09% | 175,000 | Common | SOLE |
| G1069P103 | BSAA | BEST SPAC I Acquisition Corp | $1.7M | 0.09% | 170,000 | Common | SOLE |
| 338307101 | FIVN | Five9 Inc | $1.7M | 0.09% | 85,000 | Common | SOLE |
| G21301109 | CCIX | Churchill Capital Corp IX | $1.6M | 0.09% | 152,581 | Common | SOLE |
| G1196A128 | BPACU | Blueport Acquisition Ltd | $1.6M | 0.09% | 159,322 | Common | SOLE |
| G85096108 | APAC | StoneBridge Acquisition II Corp | $1.6M | 0.09% | 160,000 | Common | SOLE |
| G5414D129 | LFACU | Leapfrog Acquisition Corp | $1.6M | 0.09% | 156,403 | Common | SOLE |
| G2616C124 | DSACU | Daedalus Special Acquisition Corp | $1.5M | 0.08% | 151,268 | Common | SOLE |
| G7387B106 | QUMS | Quantumsphere Acquisition Corp | $1.5M | 0.08% | 150,000 | Common | SOLE |
| G7490F101 | RTAC | Renatus Tactical Acquisition Corp I | $1.5M | 0.08% | 139,812 | Common | SOLE |
| G5225W126 | KBONU | Karbon Capital Partners Corp | $1.5M | 0.08% | 146,195 | Common | SOLE |
| 21871N101 | CXW | CoreCivic Inc | $1.4M | 0.08% | 75,000 | Common | SOLE |
| G6757R105 | ONCH | 1RT Acquisition Corp | $1.4M | 0.08% | 139,292 | Common | SOLE |
| 55955D100 | MGNI | Magnite Inc. | $1.4M | 0.08% | 87,400 | Common | SOLE |
| 87918A105 | TDOC | Teladoc Health Inc | $1.4M | 0.08% | 201,300 | Common | SOLE |
| G8559L112 | SSEA | Starry Sea Acquisition Corp | $1.3M | 0.07% | 128,372 | Common | SOLE |
| G93Y0A104 | UYSC | UY Scuti Acquisition Corp | $1.3M | 0.07% | 125,125 | Common | SOLE |
| G1771C101 | ALIS | Calisa Acquisition Corp | $1.2M | 0.07% | 125,000 | Common | SOLE |
| G6001J107 | IPEX | Inflection Point Acquisition Corp. V | $1.2M | 0.06% | 112,061 | Common | SOLE |
| G86880104 | TAVI | Tavia Acquisition Corp | $1.1M | 0.06% | 101,709 | Common | SOLE |
| 695127100 | PCRX | Pacira Biosciences Inc. | $1.0M | 0.06% | 39,831 | Common | SOLE |
| G5353S103 | LCCC | Lakeshore Acquisition III Corp | $1.0M | 0.06% | 100,052 | Common | SOLE |
| G7866D128 | SCIIU | SC II Acquisition Corp | $1.0M | 0.05% | 100,000 | Common | SOLE |
| G9717M109 | WTG | Wintergreen Acquisition Corp | $1.0M | 0.05% | 99,016 | Common | SOLE |
| G9584S106 | WSTN | Westin Acquisition Corp | $989,000 | 0.05% | 100,000 | Common | SOLE |
| G2949D104 | DYNC | The Ether Reserve LLC | $938,366 | 0.05% | 91,192 | Common | SOLE |
| G4375F108 | HYAC | Haymaker Acquisition Corp 4 | $872,061 | 0.05% | 76,631 | Common | SOLE |
| 252131107 | DXCM | DexCom Inc. | $862,810 | 0.05% | 13,000 | Common | SOLE |
| G9877L107 | CHAR | Charlton Aria Acquisition Corp | $787,582 | 0.04% | 75,151 | Common | SOLE |
| G4036C106 | GRAF | Graf Global Corp | $738,998 | 0.04% | 68,712 | Common | SOLE |
| 92511U102 | VRRM | VM Consolidated Inc | $672,300 | 0.04% | 30,000 | Common | SOLE |
| G5S86M100 | LPAA | Launch One Acquisition Corp | $592,034 | 0.03% | 55,905 | Common | SOLE |
| G63212107 | MBAV | M3-Brigade Acquisition V Corp | $547,689 | 0.03% | 51,523 | Common | SOLE |
| G8316B100 | SPKL | Spark I Acquisition Corp | $451,348 | 0.02% | 39,488 | Common | SOLE |
| G2295P107 | COLA | Columbus Acquisition Corp | $441,677 | 0.02% | 42,518 | Common | SOLE |
| 023634207 | NWAX/U | New America Acquisition I Corp | $312,300 | 0.02% | 30,000 | Common | SOLE |
| 12664M103 | NOEM | CO2 Energy Transition Corp | $311,694 | 0.02% | 30,291 | Common | SOLE |
| G1993W109 | CAPN | Cayson Acquisition Corp | $285,950 | 0.02% | 26,875 | Common | SOLE |
| G7314B104 | QSEA | Quartzsea Acquisition Corp | $271,637 | 0.01% | 26,553 | Common | SOLE |
| G7375C108 | RANG | Range Capital Acquisition Corp | $258,110 | 0.01% | 24,735 | Common | SOLE |
| G2131A124 | CCXIU | Churchill Capital Corp XI | $229,725 | 0.01% | 22,500 | Common | SOLE |
| G1827P106 | CEPT | Cantor Equity Partners II Inc | $216,519 | 0.01% | 19,229 | Common | SOLE |
| G0R38G112 | XRPNW | Armada Acquisition Corp II | $210,011 | 0.01% | 240,012 | Common | SOLE |
| G3864J118 | GIWWR | GigCapital8 Corp | $181,500 | 0.01% | 550,000 | Common | SOLE |
| G4627B103 | HSPT | HORIZON SPACE ACQUISITION II Corp | $158,655 | 0.01% | 15,017 | Common | SOLE |
| G17564116 | CRAQR | Cal Redwood Acquisition Corp. | $153,107 | 0.01% | 503,394 | Common | SOLE |
| G3226F119 | EVOXW | Evolution Global Acquisition Corp | $147,802 | 0.01% | 360,493 | Common | SOLE |
| G4R12K115 | GSRFR | GSR IV Acquisition Corp | $141,676 | 0.01% | 57,709 | Common | SOLE |
| G2584S119 | KOYNW | CSLM Digital Asset Acquisition Corp III Ltd | $140,582 | 0.01% | 374,886 | Common | SOLE |
| G4002F125 | GTENW | Gores Holdings X Inc | $139,920 | 0.01% | 164,515 | Common | SOLE |
| G1827K107 | CEPO | Cantor Equity Partners I Inc | $135,080 | 0.01% | 12,976 | Common | SOLE |
| G5304D114 | KCHVR | Kochav Defense Acquisition Corp | $125,000 | 0.01% | 500,000 | Common | SOLE |
| G1368E114 | BLUWW | Blue Water Acquisition Corp III | $121,391 | 0.01% | 196,999 | Common | SOLE |
| G1331A116 | BACCR | Blue Acquisition Corp | $111,680 | 0.01% | 371,399 | Common | SOLE |
| G19307126 | CGCTW | Cartesian Growth Corporation III | $110,641 | 0.01% | 135,242 | Common | SOLE |
| G6861F138 | OYSER | Oyster Enterprises II Acquisition Corp | $110,188 | 0.01% | 551,079 | Common | SOLE |
| G67751100 | ORIQ | Origin Investment Corp I | $103,599 | 0.01% | 10,232 | Common | SOLE |
| G4924G110 | IGACR | Invest Green Acquisition Corp | $101,750 | 0.01% | 550,000 | Common | SOLE |
| G86652123 | TLNCW | Talon Capital Corp | $97,220 | 0.01% | 176,747 | Common | SOLE |
| G87890110 | TVAIR | Thayer Ventures Acquisition Corp II | $96,666 | 0.01% | 536,883 | Common | SOLE |
| G4365E111 | HCMAW | HCM III Acquisition Corp | $95,833 | 0.01% | 191,665 | Common | SOLE |
| G5093B113 | JENA-R | Jena Acquisition Corp II | $92,640 | 0.01% | 544,782 | Common | SOLE |
| G0750N112 | AXINR | Axiom Intelligence Acquisition Corp 1 | $91,980 | 0.01% | 408,802 | Common | SOLE |
| G9009S111 | BLZRW | Trailblazer Acquisition Corp | $91,857 | 0.01% | 178,346 | Common | SOLE |
| G6791A118 | OTGAW | OTG Acquisition Corp I | $89,375 | 0.00% | 275,000 | Common | SOLE |
| G3106Q128 | EVAC/WS | EQV Ventures Acquisition Corp II | $89,333 | 0.00% | 266,665 | Common | SOLE |
| G2254C113 | CCIIW | Cohen Circle Acquisition Corp II | $88,986 | 0.00% | 123,600 | Common | SOLE |
| G8192J136 | SPEGR | Silver Pegasus Acquisition Corp | $88,889 | 0.00% | 329,218 | Common | SOLE |
| G0509J123 | AACBR | Artius II Acquisition Inc | $82,519 | 0.00% | 250,059 | Common | SOLE |
| G04104124 | APXTW | Apex Treasury Corp | $82,235 | 0.00% | 298,983 | Common | SOLE |
| G8118C116 | SDHIR | Siddhi Acquisition Corp | $81,137 | 0.00% | 377,295 | Common | SOLE |
| G3037D113 | EMISR | Emmis Acquisition Corp | $78,320 | 0.00% | 487,217 | Common | SOLE |
| G6375X112 | NMPAR | NMP Acquisition Corp | $75,113 | 0.00% | 375,000 | Common | SOLE |
| G2851K112 | DMIIR | Drugs Made In America Acquisition II Corp | $74,779 | 0.00% | 575,000 | Common | SOLE |
| G9582G112 | VACI | Viking Acquisition Corp I | $74,749 | 0.00% | 191,665 | Common | SOLE |
| G8377R119 | SVACW | Spring Valley Acquisition Corp. III | $74,543 | 0.00% | 118,322 | Common | SOLE |
| G63221116 | MBVIW | M3-Brigade Acquisition VI Corp | $73,791 | 0.00% | 191,665 | Common | SOLE |
| G2574F127 | CRACR | Crown Reserve Acquisition Corp I | $71,750 | 0.00% | 350,000 | Common | SOLE |
| G8662J129 | TDWDR | Tailwind 2.0 Acquisition Corp | $71,678 | 0.00% | 421,511 | Common | SOLE |
| G04819119 | — | A Paradise Acquisition Corp | $70,500 | 0.00% | 300,000 | Common | SOLE |
| G1143H119 | BIXIW | Bitcoin Infrastructure Acquisition Corp Ltd | $69,690 | 0.00% | 278,039 | Common | SOLE |
| G4569C119 | HVMCW | Highview Merger Corp | $69,252 | 0.00% | 266,099 | Common | SOLE |
| G2946P118 | EGHAR | EGH Acquisition Corp | $69,060 | 0.00% | 265,616 | Common | SOLE |
| G2616F119 | BCARW | D Boral ARC Acquisition I Corp | $64,851 | 0.00% | 177,673 | Common | SOLE |
| G4330A111 | HAVAR | Harvard Ave Acquisition Corp | $63,278 | 0.00% | 550,000 | Common | SOLE |
| G6993G111 | PELIR | Pelican Acquisition Corp | $62,818 | 0.00% | 251,272 | Common | SOLE |
| G82745137 | SOUL-R | Soulpower Acquisition Corp | $61,868 | 0.00% | 325,790 | Common | SOLE |
| G1771C127 | ALISR | Calisa Acquisition Corp | $60,913 | 0.00% | 125,000 | Common | SOLE |
| G7117W115 | PACHW | Pioneer Acquisition I Corp | $60,000 | 0.00% | 250,000 | Common | SOLE |
| G6858G115 | OBAWW | Oxley Bridge Acquisition Ltd | $58,750 | 0.00% | 249,999 | Common | SOLE |
| G7375J111 | RNGTW | Range Capital Acquisition Corp II | $57,696 | 0.00% | 180,299 | Common | SOLE |
| G5490M126 | LWACW | Lightwave Acquisition Corp | $57,563 | 0.00% | 250,000 | Common | SOLE |
| G2867S117 | IPODW | Dune Acquisition Corp II | $57,387 | 0.00% | 210,324 | Common | SOLE |
| G4814G113 | DYORW | Insight Digital Partners II | $56,853 | 0.00% | 160,149 | Common | SOLE |
| G2847J112 | DMAAR | Drugs Made In America Acquisition Corp | $56,454 | 0.00% | 325,100 | Common | SOLE |
| G2949T117 | DNMXW | Dynamix Corp III | $55,854 | 0.00% | 161,897 | Common | SOLE |
| G52258129 | KFIIR | K&F Growth Acquisition Corp II | $54,633 | 0.00% | 360,850 | Common | SOLE |
| G01336117 | AIIA-R | AI Infrastructure Acquisition Corp | $53,000 | 0.00% | 200,000 | Common | SOLE |
| G8193F133 | SZZLR | Sizzle Acquisition Corp II | $52,692 | 0.00% | 339,951 | Common | SOLE |
| G9580A117 | VNMEW | Vendome Acquisition Corp I | $51,469 | 0.00% | 187,500 | Common | SOLE |
| G2124S116 | CHPGR | ChampionsGate Acquisition Corp | $48,506 | 0.00% | 289,416 | Common | SOLE |
| G4R52R103 | HPAI | Tristar Acquisition I Corp. | $44,159 | 0.00% | 10,514 | Common | SOLE |
| G6005T119 | MKLYR | McKinley Acquisition Corp | $43,750 | 0.00% | 350,000 | Common | SOLE |
| G3R25N116 | LATAW | Galata Acquisition Corp II | $43,750 | 0.00% | 116,666 | Common | SOLE |
| G7010A111 | PMTRW | Perimeter Acquisition Corp I | $43,351 | 0.00% | 56,300 | Common | SOLE |
| G7375C116 | RANGR | Range Capital Acquisition Corp | $41,250 | 0.00% | 100,000 | Common | SOLE |
| G3473K118 | FIGXW | FIGX Capital Acquisition Corp | $40,583 | 0.00% | 153,145 | Common | SOLE |
| G1000S125 | YCY/WS | AA Mission Acquisition Corp II | $38,526 | 0.00% | 174,999 | Common | SOLE |
| G86880146 | TAVIR | Tavia Acquisition Corp | $38,199 | 0.00% | 181,900 | Common | SOLE |
| G3415K135 | FERAR | Fifth Era Acquisition Corp I | $37,933 | 0.00% | 114,949 | Common | SOLE |
| G9R39C111 | WENNW | Wen Acquisition Corp | $37,563 | 0.00% | 113,810 | Common | SOLE |
| G82617112 | SOCAW | Solarius Capital Acquisition Corp | $37,536 | 0.00% | 125,100 | Common | SOLE |
| G3933N132 | GTERR | Globa Terra Acquisition Corp | $37,363 | 0.00% | 250,000 | Common | SOLE |
| G4791J114 | INACR | Indigo Acquisition Corp | $36,250 | 0.00% | 250,000 | Common | SOLE |
| G24243126 | COPL/WS | Copley Acquisition Corp | $35,594 | 0.00% | 157,739 | Common | SOLE |
| G7387B114 | QUMSR | Quantumsphere Acquisition Corp | $33,000 | 0.00% | 150,000 | Common | SOLE |
| G0R78B114 | BCSS/WS | Bain Capital GSS Investment Corp | $31,790 | 0.00% | 47,003 | Common | SOLE |
| G7309T110 | PAII/WS | Pyrophyte Acquisition Corp II | $31,192 | 0.00% | 77,981 | Common | SOLE |
| G53426113 | LAFAR | LaFayette Acquisition Corp | $30,500 | 0.00% | 200,000 | Common | SOLE |
| G8559L120 | SSEAR | Starry Sea Acquisition Corp | $28,511 | 0.00% | 128,372 | Common | SOLE |
| G2086N121 | CHECW | Chenghe Acquisition III Co | $28,500 | 0.00% | 149,999 | Common | SOLE |
| G3933N124 | GTERW | Globa Terra Acquisition Corp | $26,784 | 0.00% | 187,500 | Common | SOLE |
| G1069P129 | BSAAR | BEST SPAC I Acquisition Corp | $26,435 | 0.00% | 170,000 | Common | SOLE |
| G85096116 | APACR | StoneBridge Acquisition II Corp | $23,200 | 0.00% | 160,000 | Common | SOLE |
| G0701G117 | BDCIW | BTC Development Corp | $21,921 | 0.00% | 38,124 | Common | SOLE |
| G6180J118 | MMTXW | Miluna Acquisition Corp | $20,125 | 0.00% | 175,000 | Common | SOLE |
| G3730U115 | FCRS/WS | FutureCrest Acquisition Corp | $19,375 | 0.00% | 25,000 | Common | SOLE |
| G5353S137 | LCCCR | Lakeshore Acquisition III Corp | $18,587 | 0.00% | 81,843 | Common | SOLE |
| G9584S114 | WSTNR | Westin Acquisition Corp | $18,500 | 0.00% | 100,000 | Common | SOLE |
| G9717M117 | WTGUR | Wintergreen Acquisition Corp | $18,209 | 0.00% | 130,016 | Common | SOLE |
| G98659124 | MCGAW | Yorkville Acquisition Corp | $17,387 | 0.00% | 34,430 | Common | SOLE |
| G2574S103 | CRACW | Crown Reserve Acquisition Corp I | $15,313 | 0.00% | 175,000 | Common | SOLE |
| G7257A121 | PCAPW | ProCap Acquisition Corp | $10,653 | 0.00% | 30,432 | Common | SOLE |
| G1051H119 | TACOW | BERTO ACQUISITION CORP | $10,633 | 0.00% | 26,343 | Common | SOLE |
| G6757R113 | ONCHW | 1RT Acquisition Corp | $10,232 | 0.00% | 14,830 | Common | SOLE |
| G1000R127 | AAM | AA Mission Acquisition Corp | $7,197 | 0.00% | 38,199 | Common | SOLE |
| G0232F133 | ALCWF | Alchemy Investments Acquisition Corp 1 | $6,600 | 0.00% | 30,000 | Common | SOLE |
| G8901A111 | TACHW | Titan Acquisition Corp | $4,252 | 0.00% | 13,499 | Common | SOLE |
| G4035N129 | GPATW | GP-Act III Acquisition Corp | $3,344 | 0.00% | 13,070 | 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.