Q4 2025 · 13F-HR
Aequim Alternative Investments LPholdings as filed
Filed 2026-02-17 · accession 0001420506-26-000579
$5.06B
Reported value
103
Positions
2025-12-31
Period end
The Brief · Aequim Alternative Investments LP · Q4 2025
AI · grounded in 13F
Aequim Alternative Investments LP closed its position in SPY, reducing exposure by $433.02M. The fund also exited positions in BrightSpring Health Svcs Inc [[stock:BTSG 6.75 02/01/27]] for $130.41M and Chart Inds Inc [[stock:GTLS 6.75 12/15/25 B]] for $71.06M. On the buy side, the fund established new positions in Akamai Technologies Inc [[stock:AKAM 1.125 02/15/29]] for $71.81M and Guidewire Software Inc [[stock:GWRE 1.25 11/01/29]] for $70.28M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 81180WBL4 | STX 3.5 06/01/28 | SEAGATE HDD CAYMAN | $386.8M | 7.65% | 115,000,000 | Common | SOLE |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $282.5M | 5.58% | 181,600,000 | Common | SOLE |
| 42824C208 | HPE 7.625 09/01/27 | HEWLETT PACKARD ENTERPRISE C | $218.1M | 4.31% | 3,270,000 | Common | SOLE |
| 833445AB5 | SNOW 0 10/01/27 | SNOWFLAKE INC | $217.8M | 4.31% | 146,500,000 | Common | SOLE |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $175.4M | 3.47% | 168,500,000 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | $166.9M | 3.30% | 148,500,000 | Common | SOLE |
| 30034WAD8 | EVRG 4.5 12/15/27 | EVERGY INC | $163.3M | 3.23% | 134,000,000 | Common | SOLE |
| 69349HAF4 | TXNM 5.75 06/01/54 | TXNM ENERGY INC | $147.8M | 2.92% | 110,000,000 | Common | SOLE |
| 92939UAR7 | WEC 4.375 06/01/29 | WEC ENERGY GROUP INC | $144.4M | 2.85% | 123,500,000 | Common | SOLE |
| 92277GAZ0 | VTR 3.75 06/01/26 | VENTAS RLTY LTD PARTNERSHIP | $141.4M | 2.80% | 100,000,000 | Common | SOLE |
| 116794207 | BRKR 6.375 09/01/28 | BRUKER CORP | $136.4M | 2.70% | 374,000 | Common | SOLE |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC | $133.9M | 2.65% | 135,000,000 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $130.7M | 2.58% | 28,500,000 | Common | SOLE |
| 89677QAB3 | TCOM 0.75 06/15/29 | TRIP COM GROUP LTD | $127.8M | 2.53% | 103,500,000 | Common | SOLE |
| 15189TBD8 | CNP 4.25 08/15/26 | CENTERPOINT ENERGY INC | $117.5M | 2.32% | 107,250,000 | Common | SOLE |
| 097023204 | BA 6 10/15/27 | BOEING CO | $111.3M | 2.20% | 1,600,000 | Common | SOLE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | $103.1M | 2.04% | 100,000,000 | Common | SOLE |
| 902681AB1 | UGI 5 06/01/28 | UGI CORP NEW | $102.9M | 2.03% | 72,500,000 | Common | SOLE |
| 45867GAD3 | IDCC 3.5 06/01/27 | INTERDIGITAL INC | $91.9M | 1.82% | 22,300,000 | Common | SOLE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $89.3M | 1.76% | 81,350,000 | Common | SOLE |
| 69331C306 | PCG 6 12/01/27 A | PG&E CORP | $82.0M | 1.62% | 2,000,000 | Common | SOLE |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $81.9M | 1.62% | 24,500,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $81.0M | 1.60% | 80,000,000 | Common | SOLE |
| 125896BX7 | CMS 3.375 05/01/28 | CMS ENERGY CORP | $80.4M | 1.59% | 75,000,000 | Common | SOLE |
| 03040WBE4 | AWK 3.625 06/15/26 | AMERICAN WTR CAP CORP | $79.8M | 1.58% | 80,000,000 | Common | SOLE |
| 92939UAP1 | WEC 4.375 06/01/27 | WEC ENERGY GROUP INC | $76.3M | 1.51% | 67,500,000 | Common | SOLE |
| 018802AC2 | LNT 3.875 03/15/26 | ALLIANT ENERGY CORP | $75.3M | 1.49% | 72,325,000 | Common | SOLE |
| 40131MAD1 | GH 1.25 02/15/31 | GUARDANT HEALTH INC | $73.4M | 1.45% | 40,005,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $71.8M | 1.42% | 72,500,000 | Common | SOLE |
| 40171VAC4 | GWRE 1.25 11/01/29 | GUIDEWIRE SOFTWARE INC | $70.3M | 1.39% | 63,775,000 | Common | SOLE |
| 69331CAL2 | PCG 4.25 12/01/27 | PG&E CORP | $63.1M | 1.25% | 61,250,000 | Common | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $58.0M | 1.15% | 39,825,000 | Common | SOLE |
| 011642AB1 | ALRM 0 01/15/26 | ALARM COM HLDGS INC | $57.6M | 1.14% | 57,500,000 | Common | SOLE |
| 387328AF4 | GVA 3.25 06/15/30 | GRANITE CONSTR INC | $56.0M | 1.11% | 35,000,000 | Common | SOLE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC | $50.7M | 1.00% | 50,000,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $49.8M | 0.99% | 50,000,000 | Common | SOLE |
| 20717MAB9 | CFLT 0 01/15/27 | CONFLUENT INC | $40.6M | 0.80% | 41,719,000 | Common | SOLE |
| 67000B203 | NOVT 6.5 11/01/28 | NOVANTA INC | $38.5M | 0.76% | 700,000 | Common | SOLE |
| 09239BAD1 | BL 0 03/15/26 | BLACKLINE INC | $38.2M | 0.75% | 38,500,000 | Common | SOLE |
| 65339F663 | NEE 7.299 06/01/27 | NEXTERA ENERGY INC | $37.5M | 0.74% | 725,000 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $27.6M | 0.55% | 47,500 | Common | SOLE |
| 472145AH4 | JAZZ 3.125 09/15/30 | JAZZ INVESTMENTS I LTD | $26.7M | 0.53% | 20,000,000 | Common | SOLE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES INC | $26.0M | 0.51% | 20,000,000 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAP FDG INC | $24.7M | 0.49% | 22,500,000 | Common | SOLE |
| 194014AB2 | ENOV 3.875 10/15/28 | ENOVIS CORPORATION | $24.5M | 0.48% | 25,000,000 | Common | SOLE |
| 01625VAB0 | ALHC 4.25 11/15/29 | ALIGNMENT HEALTHCARE INC | $22.8M | 0.45% | 15,000,000 | Common | SOLE |
| 47074LAB1 | JAMF 0.125 09/01/26 | JAMF HLDG CORP | $22.2M | 0.44% | 22,500,000 | Common | SOLE |
| 08265TAB5 | BSY 0.125 01/15/26 | BENTLEY SYS INC | $20.0M | 0.39% | 20,000,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $19.8M | 0.39% | 21,000,000 | Common | SOLE |
| 29355AAH0 | ENPH 0 03/01/26 | ENPHASE ENERGY INC | $19.8M | 0.39% | 20,000,000 | Common | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $19.2M | 0.38% | 85,091 | Common | SOLE |
| 91332UAB7 | U 0 11/15/26 | UNITY SOFTWARE INC | $18.1M | 0.36% | 18,674,000 | Common | SOLE |
| 92538JAB2 | VERX 0.75 05/01/29 | VERTEX INC | $17.7M | 0.35% | 18,600,000 | Common | SOLE |
| 35137L204 | FOX | FOX CORP | $16.8M | 0.33% | 258,453 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $16.1M | 0.32% | 325,000 | Common | SOLE |
| 604749AB7 | MIRM 4 05/01/29 | MIRUM PHARMACEUTICALS INC | $15.5M | 0.31% | 6,000,000 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $15.3M | 0.30% | 34,400 | Common | SOLE |
| 767292AB1 | RIOT 0.75 01/15/30 | RIOT PLATFORMS INC | $15.3M | 0.30% | 13,500,000 | Common | SOLE |
| 89377MAB5 | TMDX 1.5 06/01/28 | TRANSMEDICS GROUP INC | $15.0M | 0.30% | 10,000,000 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $14.2M | 0.28% | 69,417 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $14.0M | 0.28% | 352,672 | Common | SOLE |
| 37940XAU6 | GPN 1.5 03/01/31 | GLOBAL PMTS INC | $13.9M | 0.28% | 15,500,000 | Common | SOLE |
| 337932AR8 | FE 4 05/01/26 | FIRSTENERGY CORP | $12.8M | 0.25% | 12,500,000 | Common | SOLE |
| 163072101 | CAKE | CHEESECAKE FACTORY INC | $12.3M | 0.24% | 243,875 | Common | SOLE |
| 29786AAN6 | ETSY 0.25 06/15/28 | ETSY INC | $11.2M | 0.22% | 12,500,000 | Common | SOLE |
| 67059N108 | NTNX | NUTANIX INC | $11.0M | 0.22% | 213,026 | Common | SOLE |
| 833445AD1 | SNOW 0 10/01/29 | SNOWFLAKE INC | $10.7M | 0.21% | 6,900,000 | Common | SOLE |
| 26884U208 | EPR 5.75 PERP C | EPR PPTYS | $10.1M | 0.20% | 440,000 | Common | SOLE |
| 465741AN6 | ITRI 0 03/15/26 | ITRON INC | $9.9M | 0.20% | 10,000,000 | Common | SOLE |
| 922280AD4 | VRNS 1 09/15/29 | VARONIS SYS INC | $9.3M | 0.18% | 10,000,000 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY INDS | $8.2M | 0.16% | 5,000,000 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $6.3M | 0.13% | 242,945 | Common | SOLE |
| 21874A114 | CORZW | CORE SCIENTIFIC INC NEW | $6.2M | 0.12% | 736,969 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $5.9M | 0.12% | 293,124 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $5.8M | 0.12% | 81,633 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $5.4M | 0.11% | 6,000,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPHASE ENERGY INC | $5.2M | 0.10% | 6,000,000 | Common | SOLE |
| M7518J104 | ODD | ODDITY TECH LTD | $5.1M | 0.10% | 127,452 | Common | SOLE |
| 70202L102 | PSN | PARSONS CORP DEL | $4.8M | 0.09% | 77,434 | Common | SOLE |
| 55306N104 | MKSI | MKS INC. | $4.5M | 0.09% | 28,189 | Common | SOLE |
| 758075AF2 | RWT 7.75 06/15/27 | REDWOOD TRUST INC | $4.2M | 0.08% | 4,250,000 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $3.9M | 0.08% | 44,815 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $2.7M | 0.05% | 200,000 | Common | SOLE |
| 405024AB6 | HAE 0 03/01/26 | HAEMONETICS CORP MASS | $2.5M | 0.05% | 2,500,000 | Common | SOLE |
| 46270CAB5 | IREN 3.25 06/15/30 | IREN LIMITED | $2.5M | 0.05% | 1,000,000 | Common | SOLE |
| 011642AD7 | ALRM 2.25 06/01/29 | ALARM COM HLDGS INC | $2.4M | 0.05% | 2,500,000 | Common | SOLE |
| 842587107 | SO | SOUTHERN CO | $2.2M | 0.04% | 25,382 | Common | SOLE |
| 40637HAD1 | HALO 0.25 03/01/27 | HALOZYME THERAPEUTICS INC | $2.2M | 0.04% | 2,000,000 | Common | SOLE |
| 26884U307 | EPR 9 PERP E | EPR PPTYS | $2.1M | 0.04% | 71,692 | Common | SOLE |
| 76029L100 | RPAY | REPAY HLDGS CORP | $2.1M | 0.04% | 578,484 | Common | SOLE |
| 651229106 | NWL | NEWELL BRANDS INC | $2.0M | 0.04% | 540,000 | Common | SOLE |
| 29786A106 | ETSY | ETSY INC | $1.5M | 0.03% | 26,907 | Common | SOLE |
| 674599162 | OXY/WS | OCCIDENTAL PETE CORP | $1.4M | 0.03% | 75,000 | Common | SOLE |
| G0084W101 | ADNT | ADIENT PLC | $1.3M | 0.03% | 70,000 | Common | SOLE |
| 071813109 | BAX | BAXTER INTL INC | $1.1M | 0.02% | 60,000 | Common | SOLE |
| 78462F953 | SPY | SPDR S&P 500 ETF TR | $1.0M | 0.02% | 7,500 | PUT | SOLE |
| 668771116 | GENVR | GEN DIGITAL INC | $882,000 | 0.02% | 200,000 | Common | SOLE |
| 68268W103 | OMF | ONEMAIN HLDGS INC | $569,176 | 0.01% | 8,426 | Common | SOLE |
| 538146309 | LPSN | LIVEPERSON INC | $469,114 | 0.01% | 121,218 | Common | SOLE |
| 67098H104 | OI | O-I GLASS INC | $295,200 | 0.01% | 20,000 | Common | SOLE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $262,800 | 0.01% | 30,000 | Common | SOLE |
| 015658115 | ASTLW | ALGOMA STL GROUP INC | $35,206 | 0.00% | 414,191 | Common | SOLE |
| 124155110 | BFLYW | BUTTERFLY NETWORK INC | $869 | 0.00% | 49,393 | 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.