Q4 2025 · 13F-HR
PenderFund Capital Management Ltd.holdings as filed
Filed 2026-02-17 · accession 0001706164-26-000001
$634.7M
Reported value
219
Positions
2025-12-31
Period end
The Brief · PenderFund Capital Management Ltd. · Q4 2025
AI · grounded in 13F
PenderFund Capital Management Ltd. established a new position in Fluence Energy Inc [[stock:FLNC 2.25 06/15/30]] valued at $33.99M. The fund also opened a new position in Wolfspeed Inc [[stock:WOLF 2.5 06/15/31]] for $12.08M and increased its holdings in Northern Oil & Gas Inc [[stock:NOG 3.625 04/15/29]] by 300%. On the sell side, the fund closed its positions in PDD Holdings Inc [[stock:PDD 0 12/01/25]] and Beyond Meat Inc [[stock:BYND 0 03/15/27]], reducing exposure by $18.37M and $16.88M respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 32076VAD5 | AGCN 0.375 01/15/27 | FIRST MAJESTIC SILVER CORP | $54.6M | 8.60% | 44,040,000 | Common | SOLE |
| 003260106 | PPLT | ABRDN PLATINUM ETF TRUST | $45.1M | 7.11% | 242,000 | Common | SOLE |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $36.5M | 5.75% | 2,596,154 | Common | SOLE |
| 34379VAB9 | FLNC 2.25 06/15/30 | FLUENCE ENERGY INC | $34.0M | 5.36% | 28,000,000 | Common | SOLE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | $33.3M | 5.24% | 32,000,000 | Common | SOLE |
| 842587DZ7 | SO 4.5 06/15/27 | SOUTHERN CO | $32.1M | 5.07% | 30,000,000 | Common | SOLE |
| 29446YAC0 | EQXCN 4.75 10/15/28 | EQUINOX GOLD CORP | $28.5M | 4.50% | 12,077,000 | Common | SOLE |
| 784730AB9 | SSRMCN 2.5 04/01/39 | SSR MINING IN | $25.9M | 4.08% | 19,737,000 | Common | SOLE |
| 62914VAJ5 | NIO 3.875 10/15/29 | NIO INC | $24.1M | 3.79% | 25,270,000 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAP FDG INC | $21.0M | 3.31% | 19,000,000 | Common | SOLE |
| 62914VAK2 | NIO 4.625 10/15/30 | NIO INC | $19.8M | 3.12% | 22,150,000 | Common | SOLE |
| 665531AJ8 | NOG 3.625 04/15/29 | NORTHERN OIL & GAS INC | $19.5M | 3.07% | 20,000,000 | Common | SOLE |
| 14161WAD7 | CDLX 4.25 04/01/29 | CARDLYTICS INC | $19.4M | 3.05% | 47,710,000 | Common | SOLE |
| 29664W105 | ESPR | ESPERION THERAPEUTICS INC NE | $16.3M | 2.56% | 4,391,926 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $15.9M | 2.51% | 247,500 | Common | SOLE |
| 879512309 | TSAT | TELESAT CORP | $15.9M | 2.51% | 409,753 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $15.2M | 2.39% | 417,666 | Common | SOLE |
| 80100R408 | SANG | SANGOMA TECHNOLOGIES CORP | $14.2M | 2.23% | 2,821,433 | Common | SOLE |
| 55955DAB6 | MGNI 0.25 03/15/26 | MAGNITE INC | $14.1M | 2.22% | 14,225,000 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $13.4M | 2.11% | 565,000 | Common | SOLE |
| 977852AP7 | WOLF 2.5 06/15/31 | WOLFSPEED INC | $12.1M | 1.90% | 8,125,060 | Common | SOLE |
| 68375NAG8 | OPK 3.75 01/15/29 | OPKO HEALTH INC | $9.6M | 1.51% | 7,311,000 | Common | SOLE |
| 95766R104 | WIW | WESTERN AST INFL LKD OPP & I | $8.7M | 1.37% | 1,015,397 | Common | SOLE |
| 69349HAF4 | TXNM 5.75 06/01/54 | TXNM ENERGY INC | $8.0M | 1.25% | 5,900,000 | Common | SOLE |
| 30050BAH4 | EVH 3.5 12/01/29 | EVOLENT HEALTH INC | $5.9M | 0.94% | 8,769,000 | Common | SOLE |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC | $5.0M | 0.78% | 5,000,000 | Common | SOLE |
| 698884AE3 | PAR 1.5 10/15/27 | PAR TECHNOLOGY CORP | $4.9M | 0.77% | 5,000,000 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $4.4M | 0.70% | 497,990 | Common | SOLE |
| 30050BAJ0 | EVH 4.5 08/15/31 | EVOLENT HEALTH INC | $2.9M | 0.46% | 4,000,000 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $2.8M | 0.45% | 102,590 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $2.5M | 0.40% | 19,740 | Common | SOLE |
| 947890109 | WBS | WEBSTER FINL CORP | $2.4M | 0.38% | 37,838 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $2.4M | 0.37% | 256,800 | Common | SOLE |
| 428291108 | HXL | HEXCEL CORP NEW | $2.3M | 0.37% | 31,723 | Common | SOLE |
| 85423L103 | SARO | STANDARDAERO INC | $2.3M | 0.36% | 80,700 | Common | SOLE |
| 459506101 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $2.3M | 0.36% | 34,212 | Common | SOLE |
| 256746108 | DLTR | DOLLAR TREE INC | $2.3M | 0.36% | 18,530 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $2.1M | 0.33% | 46,110 | Common | SOLE |
| 103310108 | BGSI | BOYD GROUP SERVICES INC | $2.0M | 0.31% | 12,500 | Common | SOLE |
| L00849106 | AGRO | ADECOAGRO S A | $2.0M | 0.31% | 250,000 | Common | SOLE |
| 006739106 | ADUS | ADDUS HOMECARE CORP | $2.0M | 0.31% | 18,400 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $1.8M | 0.28% | 45,140 | Common | SOLE |
| G21810109 | CLVT | CLARIVATE PLC | $1.7M | 0.27% | 521,000 | Common | SOLE |
| G85158106 | STNE | STONECO LTD | $1.5M | 0.23% | 100,000 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $1.1M | 0.18% | 517 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $1.1M | 0.17% | 4,700 | Common | SOLE |
| 29977A105 | EVR | EVERCORE INC | $1.0M | 0.16% | 3,060 | Common | SOLE |
| 46500E867 | ISOU | ISOENERGY LTD | $1.0M | 0.16% | 111,600 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $993,016 | 0.16% | 7,600 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $945,286 | 0.15% | 14,835 | Common | SOLE |
| 586001109 | 75Z | SOHO HOUSE & CO INC | $886,995 | 0.14% | 98,995 | Common | SOLE |
| G16258108 | BEP | BROOKFIELD RENEWABLE PARTNER | $810,681 | 0.13% | 30,000 | Common | SOLE |
| 536797103 | LAD | LITHIA MTRS INC | $797,592 | 0.13% | 2,400 | Common | SOLE |
| 95766Q106 | XWIAX | WESTERN ASST INFLTN LKD INM | $793,512 | 0.13% | 96,300 | Common | SOLE |
| 56600D107 | MRVI | MARAVAI LIFESCIENCES HLDGS I | $716,625 | 0.11% | 220,500 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $676,697 | 0.11% | 40,000 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $668,438 | 0.11% | 7,300 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $652,750 | 0.10% | 3,500 | Common | SOLE |
| 01921D204 | AAUC | ALLIED GOLD CORP | $618,666 | 0.10% | 27,000 | Common | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $574,028 | 0.09% | 8,300 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $562,260 | 0.09% | 1,500 | Common | SOLE |
| 00217Y104 | ATS | ATS CORPORATION | $550,945 | 0.09% | 20,000 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $526,145 | 0.08% | 3,000 | Common | SOLE |
| 00164VAJ2 | AMCX 4.25 02/15/29 * | AMC NETWORKS INC | $521,377 | 0.08% | 501,000 | Common | SOLE |
| G2851K120 | DMIIU | DRUGS MADE IN AMER ACQ II CO | $497,000 | 0.08% | 49,700 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $489,818 | 0.08% | 7,626 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $484,176 | 0.08% | 16,800 | Common | SOLE |
| 92859G608 | VZLA | VIZSLA SILVER CORP | $454,010 | 0.07% | 83,000 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $446,060 | 0.07% | 1,000 | Common | SOLE |
| G8193F109 | SZZL | SIZZLE ACQUISITION CORP. II | $443,403 | 0.07% | 43,642 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $427,986 | 0.07% | 27,900 | Common | SOLE |
| 431571108 | 9HI | HILLENBRAND INC | $425,048 | 0.07% | 13,400 | Common | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $415,246 | 0.07% | 23,851 | Common | SOLE |
| 178587101 | CIO | CITY OFFICE REIT INC | $410,313 | 0.06% | 58,700 | Common | SOLE |
| 29975E109 | EB4 | EVENTBRITE INC | $408,510 | 0.06% | 91,800 | Common | SOLE |
| 83600C103 | SOHO | SOTHERLY HOTELS INC | $397,316 | 0.06% | 184,798 | Common | SOLE |
| 24869P104 | DENN | DENNYS CORP | $394,970 | 0.06% | 63,500 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $386,143 | 0.06% | 10,000 | Common | SOLE |
| G8901A103 | TACH | TITAN ACQUISITION CORP | $375,516 | 0.06% | 36,600 | Common | SOLE |
| 16115Q308 | GTLS | CHART INDS INC | $371,214 | 0.06% | 1,800 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $365,056 | 0.06% | 6,200 | Common | SOLE |
| G87890102 | TVAI | THAYER VENTURES ACQ CORP II | $364,320 | 0.06% | 36,000 | Common | SOLE |
| 12740C103 | CADE | CADENCE BANK | $341,649 | 0.05% | 7,975 | Common | SOLE |
| 87157B400 | SNCR | SYNCHRONOSS TECHNOLOGIES INC | $333,840 | 0.05% | 39,000 | Common | SOLE |
| G5S86M100 | LPAA | LAUNCH ONE ACQUISITION CORP | $332,526 | 0.05% | 31,400 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $327,756 | 0.05% | 4,400 | Common | SOLE |
| 74880P104 | QIPT | QUIPT HOME MEDICAL CORP | $327,741 | 0.05% | 92,629 | Common | SOLE |
| 138103106 | UTE0 | CANTALOUPE INC | $327,096 | 0.05% | 30,800 | Common | SOLE |
| 05370A108 | RNAGBP | AVIDITY BIOSCIENCES INC | $324,585 | 0.05% | 4,500 | Common | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $314,070 | 0.05% | 5,800 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $312,282 | 0.05% | 1,800 | Common | SOLE |
| 98420N105 | XENE | XENON PHARMACEUTICALS INC | $307,017 | 0.05% | 6,850 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $306,127 | 0.05% | 3,330 | Common | SOLE |
| G82745103 | SOUL | SOULPOWER ACQUISITION CORP | $305,018 | 0.05% | 30,051 | Common | SOLE |
| G2616F101 | BCAR | D. BORAL ARC ACQ I CORP. | $294,882 | 0.05% | 29,400 | Common | SOLE |
| G82617104 | SOCA | SOLARIUS CAPITAL ACQU CORP | $292,455 | 0.05% | 29,100 | Common | SOLE |
| 466313103 | JBL | JABIL INC | $286,621 | 0.05% | 1,257 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $286,098 | 0.05% | 24,600 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $285,440 | 0.04% | 500 | Common | SOLE |
| 03062D803 | USAS | AMERICAS GOLD AND SILVER COR | $273,896 | 0.04% | 53,400 | Common | SOLE |
| G93Y09107 | — | VINE HILL CAP INVT CORP. | $269,250 | 0.04% | 25,000 | Common | SOLE |
| 09549B104 | BLFY | BLUE FOUNDRY BANCORP | $268,488 | 0.04% | 21,600 | Common | SOLE |
| 126349109 | CSN | CSG SYS INTL INC | $268,415 | 0.04% | 3,500 | Common | SOLE |
| 014491104 | ALEX | ALEXANDER & BALDWIN INC NEW | $255,936 | 0.04% | 12,400 | Common | SOLE |
| 25264R207 | BVE | DIAMOND HILL INVT GROUP INC | $254,250 | 0.04% | 1,500 | Common | SOLE |
| G9709D125 | VHCPU | VINE HILL CAP INVTS CORP II | $250,525 | 0.04% | 25,000 | Common | SOLE |
| 39304D102 | GDOT | GREEN DOT CORP | $249,795 | 0.04% | 19,500 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $247,009 | 0.04% | 2,048 | Common | SOLE |
| 45791E206 | ISPO | INSPIRATO INCORPORATED | $246,447 | 0.04% | 59,100 | Common | SOLE |
| 077347201 | BELFA | BEL FUSE INC | $242,880 | 0.04% | 1,600 | Common | SOLE |
| G7490F101 | RTAC | RENATUS TACTICAL ACQUIS | $240,075 | 0.04% | 22,500 | Common | SOLE |
| G19307100 | CGCT | CARTESIAN GROWTH CORP III | $233,583 | 0.04% | 22,700 | Common | SOLE |
| G1368E106 | BLUW | BLUE WTR ACQUISITION CORP. I | $232,200 | 0.04% | 22,500 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MNY EXPRESS IN | $231,936 | 0.04% | 15,100 | Common | SOLE |
| 381013101 | GDEN | GOLDEN ENTMT INC | $231,115 | 0.04% | 8,500 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $227,128 | 0.04% | 9,401 | Common | SOLE |
| 89785L107 | 5TC | TRUECAR INC | $219,446 | 0.03% | 97,100 | Common | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORP | $218,744 | 0.03% | 2,110 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQUISITION CORP. I | $216,036 | 0.03% | 20,400 | Common | SOLE |
| 81686C104 | 628 | SEMRUSH HLDGS INC | $214,293 | 0.03% | 18,023 | Common | SOLE |
| 200340107 | CMA | COMERICA INC | $208,371 | 0.03% | 2,397 | Common | SOLE |
| 015658107 | ASTL | ALGOMA STL GROUP INC | $205,821 | 0.03% | 50,000 | Common | SOLE |
| 489398107 | KW | KENNEDY-WILSON HOLDINGS INC | $205,004 | 0.03% | 21,200 | Common | SOLE |
| G3106Q102 | EVAC | EQV VENTURES AC CORP. II | $200,600 | 0.03% | 20,000 | Common | SOLE |
| 171757206 | CDTX | CIDARA THERAPEUTICS INC | $198,801 | 0.03% | 900 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $187,891 | 0.03% | 2,900 | Common | SOLE |
| 668074305 | NWE | NORTHWESTERN ENERGY GROUP IN | $187,166 | 0.03% | 2,900 | Common | SOLE |
| 95805V108 | WRN | WESTERN COPPER & GOLD CORP | $183,159 | 0.03% | 68,500 | Common | SOLE |
| G4569C127 | HVMCU | HIGHVIEW MERGER CORP | $182,340 | 0.03% | 18,000 | Common | SOLE |
| G6005T127 | MKLYU | MCKINLEY ACQUISITION CORP | $181,800 | 0.03% | 18,000 | Common | SOLE |
| 50216C108 | LYTS | LSI INDS INC OHIO | $178,254 | 0.03% | 9,730 | Common | SOLE |
| G9R39C103 | WENN | WEN ACQUISITION CORP | $177,760 | 0.03% | 17,600 | Common | SOLE |
| G7375J129 | RNGTU | RANGE CAP ACQUISITION CORP I | $176,664 | 0.03% | 17,320 | Common | SOLE |
| G7117W107 | PACH | PIONEER ACQUISITION I CORP | $175,044 | 0.03% | 17,400 | Common | SOLE |
| 729640102 | PLYM | PLYMOUTH INDL REIT INC | $175,040 | 0.03% | 8,000 | Common | SOLE |
| 47074L105 | JAMF | JAMF HLDG CORP | $173,033 | 0.03% | 13,300 | Common | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $172,486 | 0.03% | 8,004 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $171,252 | 0.03% | 7,100 | Common | SOLE |
| 03152W109 | AM6 | AMICUS THERAPEUTICS INC | $169,456 | 0.03% | 11,900 | Common | SOLE |
| G4474Y214 | JHG | JANUS HENDERSON GROUP PLC | $166,495 | 0.03% | 3,500 | Common | SOLE |
| 83193E102 | EM | SMART SH GLOBAL LTD | $153,855 | 0.02% | 131,500 | Common | SOLE |
| 68339B104 | ONTF | ON24 INC | $150,444 | 0.02% | 18,900 | Common | SOLE |
| 344437405 | FONR | FONAR CORP | $150,336 | 0.02% | 8,100 | Common | SOLE |
| 402307102 | GIFI | GULF IS FABRICATION INC | $149,888 | 0.02% | 12,522 | Common | SOLE |
| 31620R303 | FNF | FIDELITY NATIONAL FINANCIAL | $147,065 | 0.02% | 2,694 | Common | SOLE |
| G6476A102 | NPAC | NEW PROVIDENCE ACQUISITION C | $141,229 | 0.02% | 13,765 | Common | SOLE |
| 598511103 | MOFG | MIDWESTONE FINL GROUP INC NE | $127,243 | 0.02% | 3,305 | Common | SOLE |
| 75605Y106 | — | ANYWHERE REAL ESTATE INC | $120,360 | 0.02% | 8,500 | Common | SOLE |
| G1069P103 | BSAA | BEST SPAC I ACQUISITION CORP | $119,534 | 0.02% | 11,800 | Common | SOLE |
| 00768Y453 | MSOS | ADVISORSHARES TR | $109,032 | 0.02% | 23,100 | Common | SOLE |
| G4036C106 | GRAF | GRAF GLOBAL CORP | $107,550 | 0.02% | 10,000 | Common | SOLE |
| G7515A103 | RDAG | REPUBLIC DIGITAL ACQUISITION | $107,325 | 0.02% | 10,600 | Common | SOLE |
| G63221124 | MBVIU | M3-BRIGADE ACQUISITION VI CO | $104,909 | 0.02% | 10,387 | Common | SOLE |
| G05384501 | 8ZV | ASPEN INSURANCE HOLDINGS LTD | $103,880 | 0.02% | 2,800 | Common | SOLE |
| G3415K101 | FERA | FIFTH ERA ACQUISITION CORP I | $103,525 | 0.02% | 10,100 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $102,800 | 0.02% | 10,000 | Common | SOLE |
| 34629L202 | FRGE | FORGE GLOBAL HOLDINGS INC | $102,488 | 0.02% | 2,300 | Common | SOLE |
| G5490M100 | LWAC | LIGHTWAVE ACQUISITION CORP | $102,470 | 0.02% | 10,196 | Common | SOLE |
| G9009S129 | BLZRU | TRAILBLAZER ACQUISITION CORP | $102,200 | 0.02% | 10,000 | Common | SOLE |
| G3R25N124 | LATAU | GALATA ACQUISITION CORP II | $100,700 | 0.02% | 10,000 | Common | SOLE |
| G2086N113 | CHECU | CHENGHE ACQUISITION III CO | $100,500 | 0.02% | 10,000 | Common | SOLE |
| G4977S128 | ITHAU | ITHAX ACQUISITION CORP III | $99,600 | 0.02% | 10,000 | Common | SOLE |
| 030506109 | AMWD | AMERICAN WOODMARK CORPORATIO | $97,020 | 0.02% | 1,800 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $93,690 | 0.01% | 1,500 | Common | SOLE |
| G6858G107 | OBA | OXLEY BRIDGE ACQ LTD | $91,546 | 0.01% | 9,100 | Common | SOLE |
| G3473K100 | FIGX | FIGX CAP ACQUISITION CORP. | $90,540 | 0.01% | 9,000 | Common | SOLE |
| 87901J105 | TGNA | TEGNA INC | $87,345 | 0.01% | 4,500 | Common | SOLE |
| G93A7H104 | VACH | VOYAGER ACQUISITION CORP | $84,293 | 0.01% | 7,900 | Common | SOLE |
| 68629Y103 | ONL | ORION PROPERTIES INC | $83,620 | 0.01% | 37,000 | Common | SOLE |
| G7010A129 | PMTR | PERIMETER ACQUISITION CORP I | $82,240 | 0.01% | 8,000 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $78,813 | 0.01% | 2,100 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $73,759 | 0.01% | 9,400 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $73,440 | 0.01% | 7,200 | Common | SOLE |
| G4365E103 | HCMA | HCM III ACQUISITION CORP | $72,432 | 0.01% | 7,200 | Common | SOLE |
| G1828S109 | CEPV | CANTOR EQUITY PARTNERS V INC | $51,250 | 0.01% | 5,000 | Common | SOLE |
| G3730U123 | FCRS/U | FUTURECREST ACQUISITION CORP | $51,200 | 0.01% | 5,000 | Common | SOLE |
| G6757R105 | ONCH | 1RT ACQUISITION CORP. | $51,000 | 0.01% | 5,000 | Common | SOLE |
| G47875102 | IPCX | INFLECTION PT ACQUISITION CO | $50,700 | 0.01% | 5,000 | Common | SOLE |
| G25014120 | CRANU | CRANE HBR ACQUISITION CORP I | $50,325 | 0.01% | 5,000 | Common | SOLE |
| G5414D129 | LFACU | LEAPFROG ACQUISITION CORP | $50,025 | 0.01% | 5,000 | Common | SOLE |
| G8254P129 | SCPQU | SOCIAL COMM PARTNERS CORP | $50,000 | 0.01% | 5,000 | Common | SOLE |
| G6001S123 | LPCVU | LAUNCHPAD CADENZA ACQUISITIO | $49,900 | 0.01% | 5,000 | Common | SOLE |
| 46283H202 | IRHOU | IRON HORSE ACQUISIT CORP II | $49,700 | 0.01% | 5,000 | Common | SOLE |
| 135086106 | GOOS | CANADA GOOSE HLDGS INC | $42,772 | 0.01% | 3,300 | Common | SOLE |
| 53578P105 | LNKB | LINKBANCORP INC | $42,746 | 0.01% | 5,175 | Common | SOLE |
| 916896103 | UEC | URANIUM ENERGY CORP | $38,544 | 0.01% | 3,300 | Common | SOLE |
| G3922B107 | G | GENPACT LIMITED | $37,939 | 0.01% | 811 | Common | SOLE |
| 518439104 | EL | LAUDER ESTEE COS INC | $37,176 | 0.01% | 355 | Common | SOLE |
| 589400100 | MCY | MERCURY GENL CORP NEW | $36,683 | 0.01% | 390 | Common | SOLE |
| 032108474 | MJ | AMPLIFY ETF TR | $35,748 | 0.01% | 1,200 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $33,488 | 0.01% | 440 | Common | SOLE |
| 92343E102 | VRSN | VERISIGN INC | $32,798 | 0.01% | 135 | Common | SOLE |
| G16234109 | — | BROOKFIELD BUSINESS PARTNERS | $32,776 | 0.01% | 925 | Common | SOLE |
| 465741106 | ITRI | ITRON INC | $31,572 | 0.00% | 340 | Common | SOLE |
| 099502106 | BAH | BOOZ ALLEN HAMILTON HLDG COR | $29,526 | 0.00% | 350 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $27,568 | 0.00% | 800 | Common | SOLE |
| 565394103 | CART | MAPLEBEAR INC | $26,763 | 0.00% | 595 | Common | SOLE |
| G2131A124 | CCXIU | CHURCHILL CAP CORP XI | $25,525 | 0.00% | 2,500 | Common | SOLE |
| G6791A126 | OTGAU | OTG ACQUISITION CORP. I | $25,475 | 0.00% | 2,500 | Common | SOLE |
| 216648501 | COO | COOPER COS INC | $24,588 | 0.00% | 300 | Common | SOLE |
| 607828100 | MOD | MODINE MFG CO | $24,032 | 0.00% | 180 | Common | SOLE |
| 750917106 | RMBS | RAMBUS INC DEL | $21,135 | 0.00% | 230 | Common | SOLE |
| 596304204 | MBCN | MIDDLEFIELD BANC CORP | $20,862 | 0.00% | 604 | Common | SOLE |
| 303075105 | FDS | FACTSET RESH SYS INC | $20,313 | 0.00% | 70 | Common | SOLE |
| G6180J126 | MMTXU | MILUNA ACQUISITION CORP | $14,046 | 0.00% | 1,406 | Common | SOLE |
| 33621E109 | FSFG | FIRST SVGS FINL GROUP INC | $12,744 | 0.00% | 400 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $8,396 | 0.00% | 352 | Common | SOLE |
| G19307126 | CGCTW | CARTESIAN GROWTH CORP III | $7,316 | 0.00% | 9,143 | Common | SOLE |
| 30190A104 | FG | F&G ANNUITIES & LIFE INC | $4,967 | 0.00% | 161 | Common | SOLE |
| 68162K106 | ZEUS | OLYMPIC STEEL INC | $4,664 | 0.00% | 109 | Common | SOLE |
| 084680107 | BBT | BEACON FINANCIAL CORP. | $3,059 | 0.00% | 116 | Common | SOLE |
| 902685106 | 7WH | UDEMY INC | $2,194 | 0.00% | 375 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. I | $2,085 | 0.00% | 9,678 | Common | SOLE |
| G3106Q128 | EVAC/WS | EQV VENTURES AC CORP. II | $1,973 | 0.00% | 5,636 | Common | SOLE |
| M549GJ111 | INCR | INTERCURE LTD | $1,799 | 0.00% | 1,977 | Common | SOLE |
| G7515A129 | RDAGW | REPUBLIC DIGITAL ACQUISITION | $1,500 | 0.00% | 2,500 | Common | SOLE |
| G6757R113 | ONCHW | 1RT ACQUISITION CORP. | $725 | 0.00% | 1,250 | Common | SOLE |
| 404251100 | HNI | HNI CORP | $42 | 0.00% | 1 | Common | SOLE |
| G5380J118 | LANV/WS | LANVIN GROUP HOLDINGS LIMITE | $39 | 0.00% | 2,500 | 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.