Q3 2025 · 13F-HR
DeepCurrents Investment Group LLCholdings as filed
Filed 2025-11-14 · accession 0001420506-25-003336
$3.90B
Reported value
152
Positions
2025-09-30
Period end
The Brief · DeepCurrents Investment Group LLC · Q3 2025
AI · grounded in 13F
DeepCurrents Investment Group LLC closed its position in [[stock:MIDD 1 09/01/25]] for a reduction of $79.2M. The fund established new positions in [[stock:MSTR 0.625 09/15/28]] and [[stock:HALO 0.25 03/01/27]], adding $86.5M and $51.6M respectively. Other notable exits include closing positions in [[stock:VRNS 1.25 08/15/25]] and INNOVIVA INC.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287655 | IWM | ISHARES TR | $290.4M | 7.45% | 12,000 | CALL | SOLE |
| 093712AK3 | BE 3 06/01/28 | BLOOM ENERGY CORP | $229.1M | 5.88% | 50,576,000 | Common | SOLE |
| 81141RAF7 | SEALTD 2.375 12/01/25 | SEA LTD | $168.4M | 4.32% | 85,206,000 | Common | SOLE |
| 66980MAB2 | NVMI 0 10/15/25 | NOVA LTD | $147.9M | 3.79% | 34,500,000 | Common | SOLE |
| 86333MAA6 | LRN 1.125 09/01/27 | STRIDE INC | $108.2M | 2.78% | 38,300,000 | Common | SOLE |
| 462222AD2 | IONS 0 04/01/26 | IONIS PHARMACEUTICALS INC | $86.7M | 2.22% | 70,427,000 | Common | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $86.5M | 2.22% | 63,128,000 | Common | SOLE |
| 594972AQ4 | MSTR 0.625 09/15/28 | STRATEGY INC | $86.5M | 2.22% | 45,655,000 | Common | SOLE |
| 82452JAB5 | FOUR 0 12/15/25 | SHIFT4 PMTS INC | $83.3M | 2.14% | 80,933,000 | Common | SOLE |
| 252131AK3 | DXCM 0.25 11/15/25 | DEXCOM INC | $82.7M | 2.12% | 83,213,000 | Common | SOLE |
| 18915MAC1 | NET 0 08/15/26 | CLOUDFLARE INC | $75.4M | 1.93% | 60,601,000 | Common | SOLE |
| 67011XAB9 | NVCR 0 11/01/25 | NOVOCURE LTD | $69.1M | 1.77% | 69,468,000 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $66.6M | 1.71% | 1,000 | CALL | SOLE |
| 56087FAB0 | MMYT 0 02/15/28 | MAKEMYTRIP LIMITED MAURITIUS | $60.1M | 1.54% | 24,676,000 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS INC NEW | $56.1M | 1.44% | 62,164,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $55.9M | 1.43% | 56,500,000 | Common | SOLE |
| 40637HAD1 | HALO 0.25 03/01/27 | HALOZYME THERAPEUTICS INC | $51.6M | 1.32% | 45,017,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $51.5M | 1.32% | 55,000,000 | Common | SOLE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP | $48.5M | 1.25% | 50,952,000 | Common | SOLE |
| 33835LAA3 | FVRR 0 11/01/25 | FIVERR INTL LTD | $47.2M | 1.21% | 47,447,000 | Common | SOLE |
| 03753UAB2 | APLS 3.5 09/15/26 | APELLIS PHARMACEUTICALS INC | $45.9M | 1.18% | 44,194,000 | Common | SOLE |
| 89377MAB5 | TMDX 1.5 06/01/28 | TRANSMEDICS GROUP INC | $43.8M | 1.12% | 30,824,000 | Common | SOLE |
| 08265TAB5 | BSY 0.125 01/15/26 | BENTLEY SYS INC | $43.7M | 1.12% | 44,334,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $42.6M | 1.09% | 40,948,000 | Common | SOLE |
| 704551AD2 | BTU 3.25 03/01/28 | PEABODY ENGR CORP | $41.8M | 1.07% | 27,800,000 | Common | SOLE |
| 45245EAJ8 | IMAX 0.5 04/01/26 | IMAX CORP | $41.4M | 1.06% | 35,000,000 | Common | SOLE |
| 81141RAG5 | SEALTD 0.25 09/15/26 | SEA LTD | $40.8M | 1.05% | 42,500,000 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $40.7M | 1.04% | 6,256 | CALL | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $40.0M | 1.03% | 42,500,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $37.7M | 0.97% | 33,884,000 | Common | SOLE |
| 819047AB7 | SHAK 0 03/01/28 | SHAKE SHACK INC | $36.1M | 0.93% | 38,269,000 | Common | SOLE |
| 733245AD6 | PRCH 9 05/15/30 | PORCH GROUP INC | $36.1M | 0.93% | 24,100,000 | Common | SOLE |
| 04351PAD3 | ASND 2.25 04/01/28 | ASCENDIS PHARMA A/S | $35.4M | 0.91% | 25,894,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $34.9M | 0.89% | 38,250,000 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $34.2M | 0.88% | 17,494 | CALL | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $33.6M | 0.86% | 17,632 | CALL | SOLE |
| 401617AF2 | GES 3.75 04/15/28 | GUESS INC | $33.0M | 0.85% | 33,249,000 | Common | SOLE |
| 163086AE1 | CHEF 2.375 12/15/28 | CHEFS WHSE INC | $32.1M | 0.82% | 22,173,000 | Common | SOLE |
| 516544AB9 | LNTH 2.625 12/15/27 | LANTHEUS HLDGS INC | $32.1M | 0.82% | 30,500,000 | Common | SOLE |
| 15677JAD0 | DAY 0.25 03/15/26 | DAYFORCE INC | $31.1M | 0.80% | 31,745,000 | Common | SOLE |
| 74736LAF6 | QTWO 0.125 11/15/25 | Q2 HLDGS INC | $31.1M | 0.80% | 31,402,000 | Common | SOLE |
| 594972AJ0 | MSTR 0.625 03/15/30 | STRATEGY INC | $30.7M | 0.79% | 13,700,000 | Common | SOLE |
| 29355AAH0 | ENPH 0 03/01/26 | ENPHASE ENERGY INC | $30.7M | 0.79% | 31,422,000 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $30.5M | 0.78% | 4,000 | CALL | SOLE |
| 698884AE3 | PAR 1.5 10/15/27 | PAR TECHNOLOGY CORP | $29.9M | 0.77% | 31,000,000 | Common | SOLE |
| 88688TAC4 | TLRY 5.2 06/15/27 | TILRAY BRANDS INC | $28.0M | 0.72% | 25,050,000 | Common | SOLE |
| 69366JAD3 | PTCT 1.5 09/15/26 | PTC THERAPEUTICS INC | $27.5M | 0.70% | 21,401,000 | Common | SOLE |
| 55955DAB6 | MGNI 0.25 03/15/26 | MAGNITE INC | $27.3M | 0.70% | 28,000,000 | Common | SOLE |
| 00827BAB2 | AFRM 0 11/15/26 | AFFIRM HLDGS INC | $26.9M | 0.69% | 28,167,000 | Common | SOLE |
| 38268TAD5 | GPRO 1.25 11/15/25 | GOPRO INC | $25.0M | 0.64% | 25,110,000 | Common | SOLE |
| 46333XAH1 | IRWD 1.5 06/15/26 | IRONWOOD PHARMACEUTICALS INC | $24.4M | 0.62% | 27,000,000 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $24.4M | 0.62% | 3,000 | PUT | SOLE |
| 75737FAE8 | RDFN 0.5 04/01/27 | REDFIN CORP | $24.1M | 0.62% | 26,000,000 | Common | SOLE |
| 606710AA9 | MITK 0.75 02/01/26 | MITEK SYS INC | $23.3M | 0.60% | 23,755,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $23.1M | 0.59% | 24,500,000 | Common | SOLE |
| 62914VAK2 | NIO 4.625 10/15/30 | NIO INC | $22.6M | 0.58% | 21,482,000 | Common | SOLE |
| 896945AD4 | TRIP 0.25 04/01/26 | TRIPADVISOR INC | $22.4M | 0.57% | 23,000,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $22.4M | 0.57% | 1,200 | PUT | SOLE |
| 88160R101 | TSLA | TESLA INC | $22.2M | 0.57% | 500 | CALL | SOLE |
| 194014AB2 | ENOV 3.875 10/15/28 | ENOVIS CORPORATION | $22.2M | 0.57% | 22,500,000 | Common | SOLE |
| 35953DAB0 | FUBO 3.25 02/15/26 | FUBOTV INC | $21.6M | 0.55% | 21,833,000 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | $21.3M | 0.55% | 23,029,000 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COINBASE GLOBAL INC | $20.8M | 0.53% | 16,500,000 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $19.7M | 0.51% | 4,700 | CALL | SOLE |
| 38341PAA0 | GOSS 5 06/01/27 | GOSSAMER BIO INC | $19.7M | 0.51% | 27,860,000 | Common | SOLE |
| 31188VAB6 | FSLY 0 03/15/26 | FASTLY INC | $19.5M | 0.50% | 20,000,000 | Common | SOLE |
| 10316TAB0 | BOX 0 01/15/26 | BOX INC | $19.2M | 0.49% | 15,338,000 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $18.4M | 0.47% | 570 | PUT | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $18.3M | 0.47% | 3,900 | PUT | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $17.9M | 0.46% | 2,000 | PUT | SOLE |
| 465741AN6 | ITRI 0 03/15/26 | ITRON INC | $17.3M | 0.44% | 16,290,000 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP | $16.6M | 0.43% | 5,324 | PUT | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $16.1M | 0.41% | 1,807 | CALL | SOLE |
| 23804L103 | DDOG | DATADOG INC | $15.7M | 0.40% | 1,100 | PUT | SOLE |
| 00206R102 | T | AT&T INC | $15.5M | 0.40% | 9,850 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $14.7M | 0.38% | 609 | PUT | SOLE |
| 453204AD1 | PI 1.125 05/15/27 | IMPINJ INC | $14.2M | 0.36% | 8,500,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $13.9M | 0.36% | 14,021,000 | Common | SOLE |
| 92189F692 | PPH | VANECK ETF TRUST | $13.6M | 0.35% | 1,500 | PUT | SOLE |
| 53680QAA6 | LARCN 1.75 01/15/27 | LITHIUM ARGENTINA AG | $13.5M | 0.35% | 14,655,000 | Common | SOLE |
| 50202MAB8 | LI 0.25 05/01/28 | LI AUTO INC | $12.8M | 0.33% | 11,150,000 | Common | SOLE |
| 682143AK8 | OMER 9.5 06/15/29 | OMEROS CORP | $12.5M | 0.32% | 14,614,000 | Common | SOLE |
| 05464CAB7 | AXON 0.5 12/15/27 | AXON ENTERPRISE INC | $12.3M | 0.31% | 3,900,000 | Common | SOLE |
| 852234AK9 | XYZ 0.25 11/01/27 | BLOCK INC | $11.4M | 0.29% | 12,500,000 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $11.2M | 0.29% | 1,000 | CALL | SOLE |
| 29975EAD1 | EB 0.75 09/15/26 | EVENTBRITE INC | $11.0M | 0.28% | 11,625,000 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $10.6M | 0.27% | 3,042 | CALL | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $10.6M | 0.27% | 800 | PUT | SOLE |
| 08862EAB5 | BYND 0 03/15/27 | BEYOND MEAT INC | $10.3M | 0.27% | 49,198,000 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $10.2M | 0.26% | 332,204 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $9.8M | 0.25% | 9,800,000 | Common | SOLE |
| 163072AA9 | CAKE 0.375 06/15/26 | CHEESECAKE FACTORY INC | $9.4M | 0.24% | 9,491,000 | Common | SOLE |
| G50871105 | JAZZ | JAZZ PHARMACEUTICALS PLC | $9.3M | 0.24% | 70,350 | Common | SOLE |
| 00214Q104 | ARKK | ARK ETF TR | $9.1M | 0.23% | 1,050 | PUT | SOLE |
| 405024AB6 | HAE 0 03/01/26 | HAEMONETICS CORP MASS | $9.0M | 0.23% | 9,224,000 | Common | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $8.8M | 0.23% | 1,040 | PUT | SOLE |
| 29664WAB1 | ESPR 4 11/15/25 | ESPERION THERAPEUTICS INC NE | $8.3M | 0.21% | 8,396,000 | Common | SOLE |
| 86800UAB0 | SMCI 3.5 03/01/29 | SUPER MICRO COMPUTER INC | $8.2M | 0.21% | 8,000,000 | Common | SOLE |
| 399473AH0 | GRPN 6.25 03/15/27 * | GROUPON INC | $8.1M | 0.21% | 6,996,000 | Common | SOLE |
| 02081GAB8 | ATEC 0.75 08/01/26 | ALPHATEC HLDGS INC | $7.8M | 0.20% | 7,433,000 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $7.0M | 0.18% | 1,000 | CALL | SOLE |
| 05534B760 | BCE | BCE INC | $5.8M | 0.15% | 2,500 | PUT | SOLE |
| 05534B760 | BCE | BCE INC | $5.8M | 0.15% | 2,500 | CALL | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES N | $5.8M | 0.15% | 1,182 | CALL | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $5.8M | 0.15% | 316 | PUT | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $5.7M | 0.15% | 6,750,000 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $5.2M | 0.13% | 43,116 | Common | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $5.0M | 0.13% | 176,231 | Common | SOLE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $4.9M | 0.13% | 2,000 | CALL | SOLE |
| 46435G334 | EWU | ISHARES TR | $4.2M | 0.11% | 1,000 | PUT | SOLE |
| 093712AM9 | BE 3 06/01/29 | BLOOM ENERGY CORP | $4.1M | 0.11% | 1,000,000 | Common | SOLE |
| 00206R102 | T | AT&T INC | $3.7M | 0.10% | 235,586 | Common | SOLE |
| 565788106 | MARA | MARA HOLDINGS INC | $3.7M | 0.09% | 2,000 | CALL | SOLE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $3.6M | 0.09% | 3,574,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $3.6M | 0.09% | 2,000 | CALL | SOLE |
| 14161WAD7 | CDLX 4.25 04/01/29 | CARDLYTICS INC | $3.6M | 0.09% | 6,610,000 | Common | SOLE |
| 37940X102 | GPN | GLOBAL PMTS INC | $2.9M | 0.07% | 34,951 | Common | SOLE |
| 29975EAB5 | EB 5 12/01/25 | EVENTBRITE INC | $2.8M | 0.07% | 2,800,000 | Common | SOLE |
| 399909100 | GGAL | GRUPO FINANCIERO GALICIA S.A | $2.8M | 0.07% | 1,000 | CALL | SOLE |
| 74623V103 | PCT | PURECYCLE TECHNOLOGIES INC | $2.6M | 0.07% | 199,103 | Common | SOLE |
| 04546CAB2 | ASRT 6.5 09/01/27 | ASSERTIO HOLDINGS INC | $2.5M | 0.07% | 2,750,000 | Common | SOLE |
| 88080T104 | WULF | TERAWULF INC | $2.3M | 0.06% | 2,000 | CALL | SOLE |
| 82489W107 | SHLS | SHOALS TECHNOLOGIES GROUP IN | $2.2M | 0.06% | 3,000 | CALL | SOLE |
| 131193AE4 | CALY 2.75 05/01/26 | TOPGOLF CALLAWAY BRANDS CORP | $2.2M | 0.06% | 2,250,000 | Common | SOLE |
| 45783QAB6 | NOTV 3.25 10/15/27 | INOTIV INC | $2.0M | 0.05% | 8,455,000 | Common | SOLE |
| 30050BAJ0 | EVH 4.5 08/15/31 | EVOLENT HEALTH INC | $2.0M | 0.05% | 2,000,000 | Common | SOLE |
| 98986MAD5 | ZYXI 5 05/15/26 | ZYNEX INC | $2.0M | 0.05% | 3,500,000 | Common | SOLE |
| 30050BAH4 | EVH 3.5 12/01/29 | EVOLENT HEALTH INC | $2.0M | 0.05% | 2,407,000 | Common | SOLE |
| 91680MAB3 | UPST 0.25 08/15/26 | UPSTART HLDGS INC | $1.9M | 0.05% | 2,000,000 | Common | SOLE |
| 88554DAD8 | DDD 0 11/15/26 | 3D SYS CORP DEL | $1.8M | 0.05% | 1,981,000 | Common | SOLE |
| 29415F104 | NVST | ENVISTA HOLDINGS CORPORATION | $1.4M | 0.04% | 69,831 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $1.3M | 0.03% | 892 | CALL | SOLE |
| 011642105 | ALRM | ALARM COM HLDGS INC | $1.2M | 0.03% | 22,240 | Common | SOLE |
| 08862E109 | BYND | BEYOND MEAT INC | $1.1M | 0.03% | 5,922 | PUT | SOLE |
| 803607100 | SRPT | SAREPTA THERAPEUTICS INC | $963,500 | 0.02% | 500 | PUT | SOLE |
| 76029N106 | REPL | REPLIMUNE GROUP INC | $839,676 | 0.02% | 2,004 | CALL | SOLE |
| 097023105 | BA | BOEING CO | $784,110 | 0.02% | 3,633 | Common | SOLE |
| 92766K403 | SPCE | VIRGIN GALACTIC HOLDINGS INC | $782,036 | 0.02% | 2,026 | PUT | SOLE |
| 008073AA6 | AVAV 0 07/15/30 | AEROVIRONMENT INC | $613,959 | 0.02% | 497,000 | Common | SHARED |
| 55306N104 | MKSI | MKS INC. | $594,096 | 0.02% | 48 | CALL | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $566,808 | 0.01% | 1,243 | Common | SOLE |
| 682143102 | OMER | OMEROS CORP | $495,764 | 0.01% | 120,918 | Common | SHARED |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $488,310 | 0.01% | 733 | Common | SHARED |
| 56501R106 | MFC | MANULIFE FINL CORP | $405,972 | 0.01% | 13,037 | Common | SHARED |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $355,131 | 0.01% | 7,516 | Common | SOLE |
| 04010L103 | ARCC | ARES CAPITAL CORP | $347,113 | 0.01% | 17,007 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $243,344 | 0.01% | 3,038 | Common | SOLE |
| 550424303 | LAZRQ | LUMINAR TECHNOLOGIES INC | $207,344 | 0.01% | 108,557 | Common | SHARED |
| 47100L301 | DFDV | DEFI DEVELOPMENT CORP | $154,019 | 0.00% | 10,060 | Common | SOLE |
| 82489W107 | SHLS | SHOALS TECHNOLOGIES GROUP IN | $85,245 | 0.00% | 11,504 | Common | SOLE |
| G1281K114 | SLXNW | SILEXION THERAPEUTICS CORP | $48,222 | 0.00% | 14,183 | CALL | SOLE |
| L64875112 | MLECW | MOOLEC SCIENCE SA | $15,997 | 0.00% | 16,313 | CALL | 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.