DaveManuel.com · Institutional Ownership · 13F Holdings

RIVERNORTH CAPITAL MANAGEMENT, LLC

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK

1447578

Reported value

$2.1B

Positions

585

Top 10 weight

28.3%

Filed

2026-08-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
BLACKROCK MUNIHOLDINGS FD IN	MHD	$142.6M	11,987,371	6.78%	-0.27pp	22q	-4.1%-$6.2M
BLACKROCK MUNIYILD QULT FD I	MQY	$82.3M	7,094,331	3.91%	-0.42pp	16q	-10.2%-$9.3M
PERSHING SQUARE USA LTD	PSUS	$78.1M	2,089,216	3.71%	-	new	NEW
BLACKROCK MUNIYIELD QUALITY	MYI	$52.9M	4,760,961	2.51%	-0.25pp	19q	-9.4%-$5.5M
BLACKROCK CORPOR HI YLD FD I	HYT	$47.3M	5,529,831	2.25%	-0.26pp	2q	-6.3%-$3.2M
BLACKROCK SCIENCE & TECHNOLO	BSTZ	$45.4M	1,511,481	2.16%	+0.50pp	11q	+1.2%+$526.8K
BLUE OWL TECHNOLOGY FIN CORP	OTF	$39.2M	3,788,852	1.86%	+0.52pp	4q	+74.1%+$16.7M
GABELLI EQUITY TR INC	GAB	$37.4M	6,609,367	1.78%	-	new	NEW
ISHARES TR	MUB	$36.7M	340,663	1.74%	-0.04pp	3q	+1.1%+$399.5K
PIMCO MUN INCOME FD II	PML	$34.1M	4,482,914	1.62%	+0.01pp	7q	+5.4%+$1.8M
FS SPECIALTY LENDING FD	FSSL	$31.2M	2,800,048	1.48%	+0.04pp	3q	+20.9%+$5.4M
GUGGENHEIM STRATEGIC OPPORTU	GOF	$29.1M	2,666,430	1.38%	+0.34pp	3q	+41.2%+$8.5M
INVESCO MUNICIPAL TRUST	VKQ	$27.6M	2,749,965	1.31%	-0.78pp	19q	-37.3%-$16.4M
VANGUARD MUN BD FDS	VTEB	$27.4M	541,385	1.30%	-	new	NEW
FS CREDIT OPPORTUNITIES CORP	FSCO	$27.2M	5,444,012	1.29%	+0.27pp	2q	+35.8%+$7.2M
BLACKROCK TAX MUNICPAL BD TR	BBN	$26.2M	1,622,646	1.25%	+1.06pp	2q	+594.6%+$22.5M
LIBERTY ALL STAR EQUITY FD	USA	$25.2M	4,332,937	1.20%	-0.24pp	4q	-16.6%-$5.0M
BLACKROCK TECH AND PRIVATE E	BTX	$24.7M	2,737,496	1.18%	+0.33pp	2q	+6.5%+$1.5M
PIMCO CALIF MUN INCOME FD	PCQ	$23.1M	2,575,012	1.10%	+0.02pp	14q	+2.5%+$565.2K
PIMCO DYNAMIC INCOME STRATEG	PDX	$22.9M	1,101,509	1.09%	-0.17pp	29q	-3.3%-$772.2K
SABA CAPITAL INCOME & OPPORT	SABA	$22.6M	2,711,592	1.08%	-0.11pp	8q	-5.1%-$1.2M
WESTERN ASSET MANAGED MUNS F	MMU	$18.3M	1,757,452	0.87%	-0.13pp	26q	-9.4%-$1.9M
INVESCO MUN OPPORTUNIT TR	VMO	$16.8M	1,703,324	0.80%	-0.50pp	18q	-37.7%-$10.2M
SIXTH STREET SPECIALTY LENDI	TSLX	$16.6M	969,599	0.79%	+0.52pp	2q	+233.2%+$11.7M
BLACKROCK MUNIYIELD N Y QUAL	MYN	$16.5M	1,624,077	0.78%	-0.04pp	16q	-5.7%-$1.0M
EATON VANCE MUN BD FD	EIM	$15.1M	1,512,949	0.72%	-0.07pp	31q	-6.1%-$976.1K
Pershing Square Inc.	PS	$14.8M	450,000	0.70%	-	new	NEW
FIRST TR HIGH YIELD OPPRT 20	FTHY	$14.0M	1,022,036	0.67%	-0.02pp	18q	HELD
BLACKROCK HEALTH SCIENCES TE	BMEZ	$13.4M	873,816	0.64%	+0.06pp	4q	+8.0%+$991.9K
BLUE OWL CAPITAL CORPORATION	OBDC	$13.0M	1,192,576	0.62%	-0.17pp	4q	-16.4%-$2.5M
BNY MELLON STRATEGIC MUNS IN	LEO	$13.0M	2,006,388	0.62%	-0.01pp	12q	+1.1%+$136.9K
SABA CAPITAL INCOME & OPRNT	BRW	$12.2M	1,861,414	0.58%	-0.09pp	17q	-7.1%-$934.2K
ALLIANCEBERNSTEIN NATL MUN I	AFB	$12.0M	1,047,724	0.57%	flat	31q	-1.3%-$157.0K
ROYCE MICRO-CAP TR INC	RMT	$11.9M	813,982	0.57%	+0.06pp	5q	-9.4%-$1.2M
GRAF GLOBAL CORP	TONT	$11.9M	1,097,311	0.57%	-0.02pp	7q	HELD
BNY MELLON STRATEGIC MUN BD	DSM	$11.8M	1,920,587	0.56%	+0.06pp	23q	+15.7%+$1.6M
BLACKROCK MUNIHLDNGS CALI	MUC	$11.7M	1,066,052	0.56%	-0.62pp	17q	-52.8%-$13.1M
ROYCE SMALL CAP TRUST INC	RVT	$11.2M	607,243	0.53%	+0.03pp	5q	+0.9%+$97.3K
BLACKROCK MUN TARGET TERM TR	BTT	$11.2M	493,001	0.53%	-0.47pp	22q	-44.1%-$8.8M
NUVEEN MUN HIGH INCOME OPPOR	NMZ	$11.1M	1,049,891	0.53%	-	new	NEW
FRANKLIN MUN OPPORTUNITIES T	PMO	$10.0M	949,042	0.48%	+0.12pp	9q	+38.4%+$2.8M
NEUBERGER MUN FD INC	NBH	$9.9M	937,491	0.47%	flat	14q	+0.8%+$81.4K
WESTERN ASSET INTER MUNI	SBI	$9.7M	1,231,561	0.46%	flat	22q	+3.7%+$343.4K
KAYNE ANDERSON ENERGY INFRST	KYN	$9.6M	697,198	0.46%	-0.04pp	4q	+0.6%+$59.5K
BLACKROCK MUNIASSETS FD INC	MUA	$9.5M	868,104	0.45%	+0.28pp	3q	+177.9%+$6.0M
BlackRock MuniYield PA Quality	MPA	$9.3M	814,371	0.44%	-0.05pp	4q	-9.0%-$910.6K
NEUBERGER HIGH YIELD ST FD I	NHS	$8.6M	1,371,413	0.41%	-	new	NEW
ABERDEEN MUN INCOME FD	MFM	$8.5M	1,509,877	0.40%	+0.16pp	13q	+66.3%+$3.4M
CRESCENT CAP BDC INC	CCAP	$7.7M	702,796	0.36%	-	new	NEW
PIMCO NEW YORK MUN FD II	PNI	$7.4M	1,044,735	0.35%	-0.01pp	2q	-1.2%-$93.1K
WESTERN AST INFL LKD OPP & I	WIW	$7.4M	875,999	0.35%	-0.06pp	15q	-9.1%-$734.5K
NUVEEN AMT-FREE MUN VALUE FD	NUW	$7.3M	504,767	0.35%	+0.04pp	22q	+20.3%+$1.2M
CALAMOS STRATEGIC TOTAL RETU	CSQ	$7.2M	351,534	0.34%	+0.20pp	2q	+103.8%+$3.7M
FG MERGER II CORP	FGMC	$6.7M	642,969	0.32%	-0.01pp	4q	HELD
CLOUGH GLOBAL OPPORTUNITIES	GLO	$6.6M	1,081,372	0.31%	-0.31pp	14q	-51.6%-$7.1M
Solarius Capital Acquisition Corp	SOCA	$6.3M	610,009	0.30%	-0.01pp	4q	HELD
BLACKROCK MULTI SECTOR INC T	BIT	$6.1M	487,034	0.29%	-0.47pp	4q	-60.0%-$9.2M
CALAMOS LNG SHR EQT DYNAMIC	CPZ	$6.1M	465,879	0.29%	-0.02pp	26q	+0.7%+$44.1K
LAUNCH TWO ACQUISITION CORP.	LPBB	$6.1M	563,656	0.29%	-0.01pp	7q	HELD
HOWARD HUGHES HOLDINGS INC	HHH	$6.1M	85,000	0.29%	-0.18pp	4q	-43.0%-$4.6M
ALDEL FINL II INC CL A	ALDF	$6.1M	563,655	0.29%	-0.01pp	4q	HELD
GIGCAPITAL8 CORP O	GIW	$6.1M	599,124	0.29%	-0.01pp	2q	HELD
CREDIT SUISSE HIGH YIELD BD	DHY	$5.9M	3,313,798	0.28%	-	new	NEW
PIMCO INCOME STRATEGY FD II	PFN	$5.8M	819,721	0.28%	-0.01pp	14q	-2.2%-$130.9K
QuasarEdge Acquisition Corp	QRED	$5.5M	550,000	0.26%	-	new	NEW
TRANSLATIONAL DEV ACQUISITIO	TDAC	$5.4M	500,000	0.26%	-0.01pp	4q	HELD
STELLAR V	SVCC	$5.4M	507,754	0.26%	-0.01pp	4q	HELD
AI INFRASTRUCTURE ACQUISI	AIIA	$5.4M	526,500	0.26%	-0.01pp	2q	HELD
PIMCO DYNAMIC INCOME FD	PDI	$5.4M	320,522	0.25%	-	new	NEW
NEWBURY STR II ACQUISITION COR ORD SHS CL A	NTWO	$5.3M	499,329	0.25%	-0.01pp	4q	HELD
QUARTZSEAACQUISITIONCORP	QSEA	$5.3M	499,664	0.25%	-0.01pp	4q	HELD
NEWHOLD INVT CORP III	NHIC	$5.3M	499,648	0.25%	-0.01pp	4q	HELD
ANDRETTI ACQUISITION CORP II	POLE	$5.3M	490,332	0.25%	-0.01pp	7q	HELD
NMP Acquisition Corp	NMP	$5.3M	511,346	0.25%	-0.01pp	4q	HELD
ARMADA ACQUISITION CORP II COM CL A	XRPN	$5.3M	502,222	0.25%	-	new	NEW
CAMBRIDGE ACQUISITION CORP	CAQ	$5.2M	520,905	0.25%	-	new	NEW
KOCHAV DEFENSE ACQUI CO	KCHV	$5.2M	497,500	0.25%	-0.01pp	4q	HELD
HALL CHADWICK ACQUISITION CO	HCAC	$5.1M	510,686	0.24%	-0.01pp	2q	HELD
NEWHOLD INVTS CORP IV	NHIVU	$5.1M	500,000	0.24%	-	new	NEW
ACTIVATE ENERGY ACQUISIT COR	AEAQ	$5.1M	511,388	0.24%	-0.01pp	2q	HELD
K&F GROWTH ACQUISITION CORP	KFII	$5.1M	484,329	0.24%	-0.01pp	4q	HELD
BITCOIN IN	BIXI	$5.1M	511,388	0.24%	-0.01pp	2q	HELD
PIMCO CORPORATE & INCM STRG	PCN	$5.1M	428,965	0.24%	+0.03pp	3q	+20.7%+$880.8K
INVEST GREEN ACQUISITION COR CL A O	IGAC	$5.1M	510,686	0.24%	-0.01pp	2q	HELD
EQV VENTURES AC CORP. II O	EVAC	$5.1M	497,847	0.24%	-0.01pp	4q	HELD
CSLM DIGIT	KOYN	$5.1M	499,124	0.24%	-0.01pp	2q	HELD
MOUNTAIN CREST ACQUISITION 6	MCAHU	$5.1M	499,592	0.24%	-	new	NEW
ARCHIMEDES TECH SPAC PTNRS I	ARCI	$5.1M	500,000	0.24%	-	new	NEW
BLUEPORT ACQUISITION LTD	BPAC	$5.1M	500,000	0.24%	-0.01pp	2q	HELD
CRANE HBR ACQUISITION CORP I	CRAN	$5.1M	500,000	0.24%	-0.01pp	2q	HELD
StoneBridge Acquisition II Corp	APAC	$5.0M	494,133	0.24%	-0.01pp	2q	HELD
DISCIPLINED GROWTH	DGACU	$5.0M	500,000	0.24%	-	new	NEW
TWELVE SEAS ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	TWLV	$5.0M	500,000	0.24%	-0.01pp	2q	HELD
Silicon Valley Acquisition Corp	SVAQ	$5.0M	500,000	0.24%	-0.01pp	2q	HELD
LEAPFROG ACQUISITION CORP	LFAC	$5.0M	500,000	0.24%	-0.01pp	2q	HELD
Social Commerce Partners Corp	SCPQ	$5.0M	500,000	0.24%	-0.01pp	2q	HELD
VINE HILL CAP INVTS CORP II	VHCP	$5.0M	499,998	0.24%	-0.01pp	2q	HELD
CAYSON ACQUISITION CORP	CAPN	$5.0M	450,000	0.24%	-0.01pp	7q	HELD
HENNESSY CAP INVTS CORP VIII	HCIC	$5.0M	500,000	0.24%	-	new	NEW
LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00	ZKP	$5.0M	499,388	0.24%	-0.01pp	2q	HELD
MAYWOOD ACQ CRP II; TNT ACQ DT: 7/14/2027; CASH: $10.00	MYX	$5.0M	500,000	0.24%	-	new	NEW
LEGATO MERGER CORP IV	LEGO	$5.0M	499,386	0.24%	-	new	NEW
GALAXYEDGE ACQUISITION CORP	GLED	$5.0M	500,000	0.24%	-	new	NEW
FG IMPERII ACQUISITION CORP	FGII	$5.0M	500,000	0.24%	-	new	NEW
GigCapital9 Corp	GIX	$5.0M	499,531	0.24%	-	new	NEW
MOUNTAIN LAKE ACQUISIT CORP	MLAA	$5.0M	499,531	0.24%	-	new	NEW
MUZERO ACQUISITION CORP	MUZE	$5.0M	500,000	0.24%	-	new	NEW
SOREN ACQ CRP; TNT ACQ DT: 1/7/2028; CASH: $10.00	SORN	$5.0M	499,995	0.24%	-0.01pp	2q	HELD
Tribeca Strategic Acquisitio Unit 05/22/2031	BIDWU	$5.0M	500,000	0.24%	-	new	NEW
XFLH Capital Corp	XFLH	$5.0M	495,000	0.24%	-	new	NEW
SUMA ACQUISITION CORP	SUMA	$5.0M	499,388	0.24%	-	new	NEW
BLUE WTR ACQUISITION CORP IV	BWIV	$5.0M	500,000	0.24%	-	new	NEW
ILLUMINATION ACQUISITIO CORP	ILLU	$5.0M	499,998	0.24%	-	new	NEW
CLEARTHINK 1 ACQUISITION COR	CTAA	$5.0M	500,000	0.24%	-	new	NEW
BHAV Acquisition Corp	BHAV	$4.9M	494,592	0.24%	-	new	NEW
APOGEE ACQ CRP; TNT ACQ DT: 7/07/2027; CASH: $10.05	AACP	$4.9M	490,000	0.23%	-	new	NEW
OYSTER ENTERPRISES II ACQUIS ORD SH	OYSE	$4.9M	475,000	0.23%	-0.01pp	4q	HELD
YHN ACQUISITION I LTD	YHNA	$4.9M	445,000	0.23%	-0.01pp	7q	HELD
GSR IV ACQUISITION CORP C	GSRF	$4.8M	475,489	0.23%	-0.01pp	2q	HELD
Titan Acquisition Corp	TACH	$4.8M	455,000	0.23%	-0.01pp	4q	HELD
GESHER ACQ	GSHR	$4.7M	449,664	0.22%	-0.01pp	4q	HELD
BLUE WTR ACQUISITION CORP. I ORD SH	BLUW	$4.7M	451,223	0.22%	-0.01pp	4q	HELD
FOREFRONT TECHNOLOGY HOLDING	FTHAU	$4.6M	450,000	0.22%	-	new	NEW
CO2 Energy Transition Corp	NOEM	$4.6M	427,327	0.22%	flat	4q	HELD
ARC Group Acquisition I Corp	ARCL	$4.6M	460,000	0.22%	-	new	NEW
TORTOISE ENERGY INFRSTRCTR C	TYG	$4.6M	106,305	0.22%	-	new	NEW
APEX TECH ACQ CRP; TNT ACQ DT: 5/26/2027; CASH: $10.00	TRAD	$4.5M	450,000	0.21%	-	new	NEW
CLOUGH GLOBAL EQUITY FD	GLQ	$4.5M	523,377	0.21%	-0.25pp	14q	-57.4%-$6.1M
SC ACQ CRP II; TNT ACQ DT: 5/25/2027; CASH: $10.00	SCII	$4.4M	432,097	0.21%	-0.01pp	2q	HELD
QUANTUMSPHERE ACQUISITION CO	QUMS	$4.4M	424,124	0.21%	-0.01pp	2q	HELD
RIBBON ACQUISITION CORP	RIBB	$4.3M	400,000	0.21%	flat	4q	HELD
Shreya Acquisition Group	SAGU	$4.3M	430,212	0.20%	-	new	NEW
SOULPOWER	SOUL	$4.2M	407,250	0.20%	-0.01pp	4q	HELD
ABONY ACQUISITION CORP I	AACO	$4.2M	424,998	0.20%	-	new	NEW
HENNESSY CAP INVT CORP VII	HVII	$4.2M	398,656	0.20%	-0.01pp	4q	HELD
COPLEYACQUISITIONCORP	COPL	$4.2M	399,664	0.20%	-0.01pp	4q	HELD
FIFTH ERA ACQUISITION CORP I ORD SH	FERA	$4.2M	399,775	0.20%	-0.01pp	4q	HELD
LAKESHORE ACQUISITION III CO	LCCC	$4.2M	397,500	0.20%	-0.01pp	4q	HELD
GUGGENHEIM TAXABLE MUNICP BO	GBAB	$4.2M	288,901	0.20%	-	new	NEW
Thayer Ventures Acquisition Corp II	TVAI	$4.1M	398,000	0.20%	-0.01pp	4q	HELD
CAL REDWOOD ACQUISITION COR	CRAQ	$4.1M	397,500	0.20%	-0.01pp	4q	HELD
EGH ACQUISITION CORP.	EGHA	$4.1M	397,500	0.20%	-0.01pp	4q	HELD
COLOMBIER ACQUISITION CORP I	CLBR	$4.1M	400,000	0.20%	-	new	NEW
GSR V ACQUISITION CORP	GSRVU	$4.1M	385,000	0.19%	-	new	NEW
STARLINK AI ACQUISITION CORP	OTAIU	$4.1M	400,000	0.19%	-	new	NEW
SPACE ASSET ACQUISITION CORP	SAAQ	$4.1M	399,618	0.19%	-	new	NEW
M3-BRIGADE ACQUISITION VI CO ORD SH	MBVI	$4.1M	399,121	0.19%	-0.01pp	2q	HELD
TRAILBLAZER ACQUISITION CORP ORD SH	BLZR	$4.1M	399,996	0.19%	-0.01pp	2q	HELD
OCEANHAWK ACQUISITION CORP	OHACU	$4.1M	400,000	0.19%	-	new	NEW
RANGE CAP ACQUISITION CORP I CL A O	RNGT	$4.0M	399,124	0.19%	-0.01pp	2q	HELD
CHENGHE ACQUISITION III CO	CHEC	$4.0M	394,000	0.19%	-0.01pp	2q	HELD
Tailwind 2.0 Acquisition Corp	TDWD	$4.0M	400,000	0.19%	-0.01pp	2q	HELD
PONO CAP FOUR INC	PONO	$4.0M	400,000	0.19%	-	new	NEW
D BORAL ACQUISITION I CORP	DBCA	$4.0M	400,000	0.19%	-0.01pp	2q	HELD
M EVO GBL ACQUISITION CORP I	MEVO	$4.0M	400,000	0.19%	-0.01pp	2q	HELD
Quantum Leap Acquisition Corp	QLEP	$4.0M	399,592	0.19%	-	new	NEW
X3 Acquisition Corp Ltd	XCBE	$4.0M	399,592	0.19%	-	new	NEW
APERTURE AC	APUR	$4.0M	400,000	0.19%	-	new	NEW
Xsolla SPAC 1	XSLL	$4.0M	400,000	0.19%	-	new	NEW
UNITED ACQUISITION CORP I	UAC	$4.0M	399,388	0.19%	-0.01pp	2q	HELD
LAUNCH ONE ACQUISITION CORP	LPAA	$4.0M	366,473	0.19%	-0.01pp	7q	HELD
TEXASVENTURESACQUISITIONI	TVA	$3.9M	375,000	0.19%	-0.01pp	4q	HELD
FUTURE MONEY ACQUISITION COR	FMAC	$3.9M	390,000	0.19%	-	new	NEW
JACKSON ACQUISITION CO II COM SHS CL A	JACS	$3.8M	359,329	0.18%	-0.01pp	4q	HELD
BREEZE ACQ CRP II; TNT ACQ DT: 5/13/2027; CASH: $10.03	BREZ	$3.7M	375,000	0.18%	-	new	NEW
SIDDHI ACQUISITION CORP C	SDHI	$3.7M	354,664	0.18%	-0.01pp	4q	HELD
PLUM ACQUISITION CORP IV	PLMK	$3.6M	344,056	0.17%	-0.01pp	4q	HELD
EMMIS ACQUISITION CORP.	EMIS	$3.6M	350,000	0.17%	-0.01pp	3q	HELD
INDIGO ACQ	INAC	$3.5M	343,701	0.17%	-0.01pp	4q	HELD
DUNEACQUISITIONCORPII	CCAQ	$3.5M	337,760	0.17%	-0.01pp	4q	HELD
Spartacus Acquisition Corp II	TMTS	$3.5M	349,998	0.17%	-	new	NEW
SPACSphere Acquisition Corp	SSAC	$3.5M	350,000	0.17%	-0.01pp	2q	HELD
JAB ACQUISITION CORP I	JABRU	$3.5M	350,000	0.17%	-	new	NEW
FIGX CAP A	FIGX	$3.5M	341,260	0.17%	-0.01pp	4q	HELD
AEON ACQUISITION I CORP	AESPU	$3.5M	340,000	0.16%	-	new	NEW
PIMCO HIGH INCOME FD	PHK	$3.4M	736,603	0.16%	+0.06pp	18q	+64.5%+$1.3M
BERTO ACQUISITION CORP II	GUACU	$3.4M	334,828	0.16%	-	new	NEW
NEW PROVID	NPAC	$3.4M	324,999	0.16%	-0.01pp	4q	HELD
CLOUGH GLOBAL DIV AND INC	GLV	$3.3M	502,286	0.16%	flat	9q	-5.8%-$204.5K
CHARLTONARIAACQUISITIONCO	CHAR	$3.3M	299,329	0.16%	flat	7q	HELD
Newbridge Acquisition Ltd	NBRG	$3.2M	325,000	0.15%	-	new	NEW
SILVERBOX CORP IV	SBXDF	$3.2M	299,997	0.15%	-0.01pp	7q	HELD
ARMADA ACQUISITION CORP III ORD SHS CL A	AACI	$3.2M	320,798	0.15%	-	new	NEW
SILVER PEG	SPEG	$3.2M	310,546	0.15%	-0.01pp	4q	HELD
LIGHTWAVE	LWAC	$3.2M	311,494	0.15%	-0.01pp	4q	HELD
ABRDN NATL MUN INCOME FD	VFL	$3.2M	308,511	0.15%	+0.04pp	12q	+42.8%+$959.4K
VERNAL CAP ACQUISITION CORP	VECA	$3.2M	318,014	0.15%	-	new	NEW
ABERDEEN MULTI-MARKET INCOME	MMT	$3.2M	718,955	0.15%	+0.07pp	2q	+113.2%+$1.7M
BURTECH ACQUISITION CORP II	BRKHU	$3.1M	299,592	0.15%	-	new	NEW
ARTIUS II ACQUISITION INC	AACB	$3.1M	297,500	0.15%	flat	4q	HELD
FORTUNEX ACQUISITION CORP	FXACU	$3.1M	299,592	0.15%	-	new	NEW
Willow Lane Acquisition Corp II	WLII	$3.1M	300,000	0.15%	-	new	NEW
CALISA ACQUISITION CORP	ALIS	$3.1M	300,000	0.15%	flat	2q	HELD
LAKE SUPERIOR ACQUISITION CO	LKSP	$3.1M	299,992	0.15%	-0.01pp	2q	HELD
WESTIN ACQUISITION CORP	WSTN	$3.0M	300,000	0.14%	-0.01pp	2q	HELD
GALATA ACQ	LATA	$3.0M	299,997	0.14%	-0.01pp	2q	HELD
DRUGS MADE IN AMER ACQ II CO	DMII	$3.0M	300,000	0.14%	-0.01pp	2q	HELD
LAFAYETTE	LAFA	$3.0M	300,000	0.14%	-0.01pp	2q	HELD
ALUSSA ENERGY ACQUISIT CORP	ALUB	$3.0M	299,120	0.14%	-0.01pp	2q	HELD
BLUEROCK ACQ CRP; TNT ACQ DT: 12/11/2027; CASH: $10.00	BLRK	$3.0M	299,997	0.14%	flat	2q	HELD
Collective Acquisition Corp Unit 04/27/2031	CAIIU	$3.0M	300,000	0.14%	-	new	NEW
K2 CAP ACQUISITION CORP	KTWO	$3.0M	300,000	0.14%	flat	2q	HELD
MESHFLOW ACQUISITION CORP	MESH	$3.0M	299,997	0.14%	-0.01pp	2q	HELD
PIMCO GLOBAL STOCKSPLS INCM	PGP	$3.0M	349,408	0.14%	flat	14q	+1.0%+$29.8K
TALON CAP CORP O	TLNC	$3.0M	293,997	0.14%	-0.01pp	2q	HELD
ITHAX ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	ITHA	$3.0M	300,000	0.14%	-0.01pp	2q	HELD
WHITE PEARL ACQUISITION CORP	WPAC	$3.0M	300,000	0.14%	flat	2q	HELD
AMPERCAP ACQUISITION CO	APMCU	$3.0M	300,000	0.14%	-	new	NEW
MCKINLEY A	MKLY	$3.0M	294,000	0.14%	flat	2q	HELD
ABRDN LIFE SCIENCES INVESTOR	HQL	$3.0M	150,000	0.14%	-0.02pp	7q	-24.5%-$975.1K
TGE VALUE CREATIVE SOLUTIONS	BEBE	$3.0M	300,000	0.14%	-0.01pp	2q	HELD
RF ACQUISITION CORP III	RFAM	$3.0M	300,000	0.14%	-0.01pp	2q	HELD
PIMCO CORPORATE & INCOME OPP	PTY	$2.9M	242,427	0.14%	-0.03pp	3q	-15.3%-$528.5K
PCM FD INC	PCM	$2.9M	512,236	0.14%	flat	3q	+6.8%+$182.6K
CROWN RESV ACQUISITION CORP	CRAC	$2.7M	261,602	0.13%	flat	2q	HELD
BLACKROCK ETF TRUST II	BINC	$2.7M	50,793	0.13%	flat	12q	+7.1%+$176.3K
INFLECTION POINT ACQU CORP V	IPEX	$2.6M	249,720	0.12%	-	new	NEW
STARRY SEA ACQUISITION CORP	SSEA	$2.6M	250,000	0.12%	flat	2q	HELD
Pioneer Acquisition I Corp	PACH	$2.6M	249,758	0.12%	flat	4q	HELD
APEX TREAS	APXT	$2.5M	251,464	0.12%	flat	2q	HELD
DAEDALUS SPL ACQUISITION COR	DSAC	$2.5M	249,796	0.12%	flat	2q	HELD
VIKING ACQUISITION CORP I O	VACI	$2.5M	249,701	0.12%	-0.08pp	2q	-37.5%-$1.5M
PLUTONIAN ACQUISITION CORP I	PLUNU	$2.5M	249,796	0.12%	-	new	NEW
ISHARES TR	SUB	$2.5M	23,678	0.12%	+0.03pp	2q	+40.7%+$729.9K
ALPEX ACQUISITION CORP	ALPXU	$2.5M	250,000	0.12%	-	new	NEW
WEST ENCLAVE MERGER CORP	WENC	$2.5M	250,000	0.12%	-	new	NEW
Kensington Cap Acquisition Unit 99/99/9999	KCAU	$2.5M	244,444	0.12%	-	new	NEW
TEXAS VENTURES ACQUISITION I	TVIVU	$2.3M	225,000	0.11%	-	new	NEW
Wilco 63 Corp	WLCOU	$2.2M	225,000	0.11%	-	new	NEW
CHURCHILL CAP CORP XII	CXIIU	$2.2M	200,000	0.10%	-	new	NEW
PATRIOT ACQUISITION CORP	PTACU	$2.2M	215,000	0.10%	-	new	NEW
VENDOME ACQUISITION CORP I C	VNME	$2.1M	208,492	0.10%	flat	4q	HELD
GORES HLDGS X INC	GTEN	$2.1M	198,748	0.10%	flat	4q	HELD
HIGHVIEW MERGER CORP O	HVMC	$2.1M	205,738	0.10%	flat	2q	HELD
REPUBLIC DIGITAL ACQUISITION	RDAG	$2.1M	198,750	0.10%	flat	4q	HELD
PROCAP ACQUISITION CORP	PCAP	$2.1M	198,999	0.10%	flat	4q	HELD
HCM III ACQUISITION CORP O	HCMA	$2.1M	199,996	0.10%	flat	2q	HELD
KEYSTONE ACQUISITION CORP	KEYYU	$2.0M	200,000	0.10%	-	new	NEW
FUTUREWAVE ACQUISITION CORP	FWACU	$2.0M	200,000	0.10%	-	new	NEW
YORKVILLE INTL CAP CORP	YICCU	$2.0M	200,000	0.10%	-	new	NEW
HCM IV ACQUISITION CORP	HACQ	$2.0M	200,000	0.10%	-	new	NEW
BTC DEV CORP O	BDCI	$2.0M	199,562	0.10%	flat	2q	HELD
COLUMBUS CIRCLE CAP CORP II	IPXG	$2.0M	199,998	0.10%	flat	2q	HELD
Praetorian Acquisition Corp	PTOR	$2.0M	199,998	0.09%	-	new	NEW
UYSCUTIACQUISITIONCORP.	UYSC	$2.0M	184,375	0.09%	-0.04pp	4q	-26.2%-$704.1K
IRIS ACQUISITION CORP II	IRAB	$2.0M	200,000	0.09%	flat	2q	HELD
SLR INVESTMENT CORP	SLRC	$1.9M	155,715	0.09%	-	new	NEW
DOUBLELINE INCOME SOLUTIONS	DSL	$1.9M	170,093	0.09%	+0.01pp	3q	+14.7%+$241.5K
BERTO ACQUISITION CORP	TACO	$1.8M	173,606	0.09%	flat	4q	HELD
INVESCO EXCH TRADED FD TR II	PXH	$1.7M	62,713	0.08%	flat	31q	+7.1%+$115.3K
BARINGS BDC INC	BBDC	$1.7M	205,194	0.08%	-	new	NEW
FEDERATED HERMES PREM MUNI I	FMN	$1.7M	147,928	0.08%	flat	3q	+0.7%+$11.5K
OCEAN CAP ACQUISITION CORP	OCACU	$1.7M	160,000	0.08%	-	new	NEW
LAUNCHPAD CADENZA ACQU CORP	LPCV	$1.6M	162,594	0.08%	flat	2q	HELD
XAI FLOATING RATE & ALTER IN	XFLT	$1.6M	91,734	0.08%	-	new	NEW
COHEN & STEERS INFRASTRUCTUR	UTF	$1.6M	58,094	0.08%	-0.72pp	3q	-90.5%-$15.3M
CHAMPIONSGATE ACQUISITION CO	CHPG	$1.6M	149,062	0.07%	flat	4q	HELD
NYLIM MACKAY DEFINEDTERM MUN	MMD	$1.5M	99,375	0.07%	+0.02pp	3q	+44.9%+$477.6K
Cantor Equity Partners VII Inc	CAES	$1.5M	150,000	0.07%	-	new	NEW
RENATUS TACTICAL ACQUIS SHS CL A	RTAC	$1.5M	144,000	0.07%	flat	4q	HELD
BNY MELLON HIGH YIELD STRATE	DHF	$1.4M	567,426	0.07%	+0.02pp	3q	+54.7%+$485.4K
BLACKROCK CORE BD TR	BHK	$1.3M	144,930	0.06%	-	new	NEW
SPROTT FOCUS TR INC	FUND	$1.3M	138,901	0.06%	flat	5q	HELD
PEACE ACQUISITION CORP	PECEU	$1.3M	125,000	0.06%	-	new	NEW
NYLIM ACTIVE ETF TR	MMIT	$1.3M	52,832	0.06%	-	new	NEW
GLOBA TERRA ACQUISITION COR	GTERA	$1.2M	117,221	0.06%	flat	4q	HELD
LIONHEART HOLDINGS SHS CL A	CUB	$1.2M	107,687	0.06%	-0.22pp	7q	-79.1%-$4.4M
INFLECTION PT ACQUISITION CO	IPCX	$1.1M	234,375	0.05%	-0.07pp	4q	HELD
COHEN CIRC	CCII	$1.1M	106,000	0.05%	flat	4q	HELD
ENERGY TRANSITION SPL OPPORT	ETSSU	$1.1M	107,505	0.05%	-	new	NEW
BLACKSTONE SENI FLTN RAT 202	BSL	$1.0M	80,558	0.05%	flat	18q	+3.4%+$34.3K
WEN ACQUISITION CORP	WENN	$1.0M	99,374	0.05%	flat	4q	HELD
OXLEY BRID	OBA	$1.0M	100,000	0.05%	flat	4q	HELD
AA MISSION ACQUISITION CORP O	YCY	$1.0M	100,000	0.05%	flat	2q	HELD
SPRING VY ACQUISITION CORP I	SVIV	$1.0M	99,996	0.05%	flat	2q	HELD
NEW MTN FIN CORP	NMFC	$1.0M	140,634	0.05%	-	new	NEW
EVOLUTION GLOBAL ACQUISITION	EVOX	$1.0M	99,720	0.05%	flat	2q	HELD
Aldabra 4 Liquidity Opportunity Vehicle Inc	ALOV	$1,000.0K	99,999	0.05%	-	new	NEW
ACP Holdings Acquisition Corp	ACGC	$999.0K	100,000	0.05%	-	new	NEW
MOZAYYX ACQUISITION CORP	MZYX	$998.0K	100,000	0.05%	-	new	NEW
Proem Acquisition Corp I	PAAC	$997.0K	100,000	0.05%	-	new	NEW
ART TECHNOLOGY ACQ CRP; TNT ACQ DT: 4/6/2028; CASH: $10.00	ARTC	$996.5K	100,000	0.05%	flat	2q	HELD
IDEA ACQUISITION CORP	IACO	$996.0K	99,999	0.05%	-	new	NEW
RRE Ventures Acquisition Corp	RREV	$993.5K	99,999	0.05%	-	new	NEW
ABERDEEN INDIA FD INC	IFN	$986.3K	83,942	0.05%	-	new	NEW
RIVERNORTH FLEXIBLE MUN INCO	RFM	$945.7K	63,987	0.04%	+0.01pp	3q	+34.3%+$241.4K
AXIOM INTELLIGENCE AC CORP 1 ORD SH	AXIN	$934.3K	90,800	0.04%	-0.06pp	4q	-54.6%-$1.1M
1RT ACQUIS	ONCH	$905.0K	88,032	0.04%	flat	4q	HELD
RIVERNORTH FLEXIBLE MUNI INC	RFMZ	$899.7K	66,008	0.04%	flat	3q	HELD
RITHM ACQUISITION CORP	RAC	$783.6K	74,628	0.04%	flat	4q	HELD
BLACK SPADE ACQUISITION III	BIII	$778.0K	78,114	0.04%	flat	2q	HELD
BNY MELLON MUN BD INFRASTRUC	DMB	$763.1K	69,118	0.04%	-0.03pp	15q	-43.6%-$591.0K
AMERICAN DRIVE ACQ CRP; TNT ACQ DT: 12/17/2027; CASH: $10.00	ADAC	$757.5K	75,000	0.04%	flat	2q	HELD
DYNAMIX CORP III	DNMX	$753.0K	75,000	0.04%	flat	2q	HELD
ALLIANCEBERNSTEIN GLOBAL HIG	AWF	$710.6K	68,986	0.03%	-0.01pp	2q	-20.7%-$185.4K
SL SCIENCE HLDG LTD	SLBT	$622.7K	130,000	0.03%	-	new	NEW
RIVERNORTH MANAGED DUR MUN I	RMMZ	$605.3K	40,249	0.03%	+0.01pp	2q	+62.3%+$232.3K
CN HEALTHY FOOD TECH GROUP C	UCFI	$559.3K	101,506	0.03%	flat	3q	HELD
HIGH INCOME SECS FD	PCF	$553.4K	101,167	0.03%	flat	3q	-1.4%-$7.6K
FG MERGER II CORP	FGMCR	$533.7K	642,969	0.03%	+0.01pp	4q	HELD
Iron Horse Acquisition II Corp	IRHO	$499.5K	49,900	0.02%	flat	2q	HELD
Translational Development Acquisition Corp	TDACW	$475.0K	250,000	0.02%	+0.02pp	4q	HELD
APPLE INC	AAPL	$453.7K	1,568	0.02%	-0.02pp	2q	-50.2%-$456.9K
NEWHOLD INVT CORP III	NHICW	$449.9K	249,936	0.02%	+0.02pp	4q	HELD
WINTERGREEN ACQUISITION CORP	WTG	$389.3K	37,187	0.02%	flat	4q	HELD
INVESCO MUNI INCOME OPP TRST	OIA	$387.2K	62,345	0.02%	-	new	NEW
Teamshares Inc	TMSWW	$369.9K	249,936	0.02%	-	new	NEW
ARCHIMEDES TECH SPAC PARTNER	ATIIW	$323.9K	224,942	0.02%	+0.01pp	4q	HELD
SPRING VY ACQUISITION CORP I	SVACW	$305.8K	172,268	0.01%	+0.01pp	2q	HELD
PIMCO ACCESS INCOME FUND	PAXS	$290.9K	19,996	0.01%	-0.05pp	2q	-78.8%-$1.1M
EAGLE POINT INCOME CO	EIC	$251.8K	25,000	0.01%	-0.35pp	3q	-96.8%-$7.5M
CANTOR EQUITY PARTNERS V INC	CEPV	$249.5K	24,062	0.01%	flat	3q	HELD
SPECIAL OPPORTUNITIES FD INC	SPE	$233.7K	17,348	0.01%	-0.05pp	20q	-78.9%-$871.8K
Graf Global Corp	TONTWS	$214.5K	550,000	0.01%	+0.01pp	7q	HELD
Presidio Production Co	FTWWS	$209.6K	143,563	0.01%	flat	2q	-13.9%-$33.7K
FLAHERTY & CRUMRINE PFD INCO	PFO	$208.2K	22,537	0.01%	flat	11q	+7.1%+$13.8K
EATON VANCE NATL MUN OPPORT	EOT	$202.7K	11,504	0.01%	-	new	NEW
Legato Merger Corp III	ENRDW	$195.7K	399,484	0.01%	-	new	NEW
BLUE ACQUISITION CORP.	BACCR	$188.1K	446,469	0.01%	flat	4q	HELD
Calisa Acquisition Corp	ALISR	$180.0K	300,000	0.01%	flat	2q	HELD
ARMADA ACQUISITION CORP II	XRPNW	$177.2K	253,166	0.01%	flat	4q	HELD
INFLECTION POINT ACQU CORP V	IPEXR	$172.4K	249,893	0.01%	-	new	NEW
Lionheart Holdings	CUBWW	$158.1K	272,577	0.01%	+0.01pp	7q	HELD
QUASAREDGE ACQUISITION CORP	QREDRT	$157.3K	550,000	0.01%	-	new	NEW
GSR IV ACQUISITION CORP	GSRFU	$152.4K	14,400	0.01%	flat	4q	HELD
Egh Acquisition Corp. Right 99/99/9999	EGHAR	$152.0K	399,872	0.01%	flat	4q	HELD
Titan Acquisition Corp	TACHW	$150.7K	249,936	0.01%	flat	4q	HELD
Gigcapital8 Corp Right 09/30/2030	GIWWR	$149.9K	599,512	0.01%	flat	2q	HELD
Gigcapital9 Corp Right 12/01/2030	GIXXR	$145.0K	500,000	0.01%	-	new	NEW
Apex Tech Acquisition Inc Right 02/17/2027	TRADRT	$141.8K	450,000	0.01%	-	new	NEW
Silicon Valley Acquisition Corp	SVAQW	$140.9K	250,000	0.01%	flat	2q	HELD
SPACE ASSET ACQUISITION EQY WARRANTS	SAAQW	$133.3K	133,331	0.01%	-	new	NEW
COLUMBUS ACQUISITION CORP	COLAR	$131.9K	299,872	0.01%	flat	4q	HELD
Ai Infrastructure Acquisi Right 99/99/9999	AIIART	$126.4K	526,500	0.01%	flat	2q	HELD
GSR IV ACQUISITION CORP	GSRFR	$126.3K	67,926	0.01%	flat	2q	HELD
FIFTH ERA ACQUISITION CORP I	FERAR	$126.0K	399,872	0.01%	flat	4q	HELD
Hall Chadwick Acquisition Co Right 11/20/2030	HCACR	$122.7K	511,268	0.01%	flat	2q	HELD
Suma Acquisition Corp Right 03/05/2031	SUMAR	$122.6K	500,000	0.01%	-	new	NEW
GLOBA TERRA ACQUISITION COR	GTERU	$120.0K	11,453	0.01%	flat	4q	HELD
WHITE PEARL ACQUISITION CORP	WPACRT	$120.0K	300,000	0.01%	flat	2q	HELD
CANTOR EQU	CEPF	$118.8K	11,410	0.01%	flat	4q	HELD
VENDOME ACQUISITION CORP I	VNMEU	$118.5K	11,500	0.01%	flat	4q	HELD
TEXAS VENTURES ACQUISITION I	TVACW	$117.7K	199,936	0.01%	flat	4q	HELD
NAMIBMINERALS	NAMMW	$113.7K	446,085	0.01%	flat	5q	HELD
Clearthink 1 Acquisition Cor Right 01/26/2031	CTAAR	$112.5K	500,000	0.01%	-	new	NEW
QUARTZSEA ACQUISITION CORP	QSEAR	$109.3K	499,872	0.01%	flat	4q	HELD
HENNESSY CAP INVT CORP VII	HVIIR	$107.8K	399,487	0.01%	flat	4q	HELD
Maywood Acquisition Corp 2	MYXXR	$103.5K	500,000	0.00%	-	new	NEW
Crane Hbr Acquisition Corp I Right 12/09/2030	CRANR	$100.0K	500,000	0.00%	flat	2q	HELD
United Acquisition Corp I	UACWS	$100.0K	125,000	0.00%	flat	2q	HELD
COLLECTIVE ACQUISITION CORP	CCAQW	$99.3K	254,652	0.00%	flat	4q	HELD
Bhav Acquisition Corp Right 03/18/2031	BHAVR	$99.1K	495,000	0.00%	-	new	NEW
SHREYA ACQUISITION GROUP	SAGURT	$98.8K	430,212	0.00%	-	new	NEW
PONO CAP FOUR INC	PONOR	$96.0K	400,000	0.00%	-	new	NEW
RANGE CAP ACQUISITION CORP RT EXP	RANGR	$95.9K	399,765	0.00%	flat	4q	HELD
Viking Acquisition Corp I	VACIWS	$95.9K	133,169	0.00%	flat	2q	HELD
CAL REDWOOD ACQUISITION CORP	CRAQR	$94.0K	399,872	0.00%	flat	4q	HELD
Invest Green Acquisition Cor Right 11/17/2030	IGACR	$92.9K	511,268	0.00%	flat	2q	HELD
M3-Brigade Acquisition V Corp	VLOSW	$92.5K	250,000	0.00%	flat	7q	HELD
Arc Group Acquisition I Corp Right 04/21/2031	ARCLR	$92.1K	460,000	0.00%	-	new	NEW
Black Hawk Acquisition Corp	BKHAR	$91.3K	62,997	0.00%	flat	9q	HELD
BREEZE ACQUISITION CORP II	BREZR	$90.0K	375,000	0.00%	-	new	NEW
Apogee Acquisition Corp Right 03/27/2031	AACPR	$88.2K	490,000	0.00%	-	new	NEW
Aperture Ac Right 05/06/2031	APURR	$88.0K	400,000	0.00%	-	new	NEW
RIBBON ACQUISITION CORP	RIBBR	$88.0K	400,000	0.00%	flat	4q	HELD
VERNAL CAP ACQUISITION CORP	VECART	$87.8K	318,014	0.00%	-	new	NEW
Social Commerce Partners Corp	SCPQW	$87.5K	250,000	0.00%	flat	2q	HELD
Newbury Street II Acquisition Corp	NTWOW	$87.5K	249,872	0.00%	flat	4q	HELD
INFLECTION PT ACQUISITION CO	IPCXR	$87.4K	249,920	0.00%	flat	4q	HELD
SILVER PEGASUS ACQUISITION C	SPEGR	$87.2K	311,422	0.00%	flat	4q	HELD
Activate Energy Acquisition Corp	AEAQW	$87.0K	256,000	0.00%	flat	2q	HELD
Launch Two Acquisition Corp	LPBBW	$87.0K	300,000	0.00%	flat	7q	HELD
Aldel Financial II Inc	ALDFW	$87.0K	299,743	0.00%	flat	4q	HELD
Solarius Capital Acquisition Corp	SOCAW	$85.6K	305,705	0.00%	flat	4q	HELD
Twelve Seas Invt Co Iii Right 11/21/2030	TWLVR	$85.1K	500,000	0.00%	flat	2q	HELD
LEAPFROG ACQUISITION CL A WRNT 1/26/2031	LFACW	$85.0K	250,000	0.00%	flat	2q	HELD
NUVEEN REAL ESTATE INCOME FD	JRS	$84.3K	10,000	0.00%	flat	4q	-32.9%-$41.4K
Gesher Acquisition II Corp	GSHRW	$83.2K	224,936	0.00%	flat	4q	HELD
D Boral Acquisition I Corp	DBCAW	$83.0K	200,000	0.00%	flat	2q	HELD
Sc Ii Acquisition Corp Right 11/26/2030	SCIIR	$82.2K	432,700	0.00%	flat	2q	HELD
ARCHIMEDES TECH SPAC PTNRS I	ARCIW	$81.2K	125,000	0.00%	-	new	NEW
CAYSON ACQUISITION CORP	CAPNR	$81.0K	450,000	0.00%	flat	7q	HELD
Galaxyedge Acquisition Corp Right 99/99/9999	GLEDRT	$80.0K	500,000	0.00%	-	new	NEW
Stellar V Capital Corp	SVCCW	$77.7K	255,063	0.00%	flat	4q	HELD
Sizzle Acquisition Corp. Ii Right 04/02/2030	SZZLR	$77.5K	499,872	0.00%	flat	4q	HELD
BLUEPORT ACQUISITION LTD	BPACR	$77.3K	500,000	0.00%	flat	2q	HELD
NMP ACQUISITION CORP	NMPAR	$77.2K	511,346	0.00%	flat	4q	HELD
PANTAGES CAPITAL ACQUISITION	PGACR	$76.5K	450,000	0.00%	flat	4q	HELD
SOULPOWER ACQUISITION CORP	SOULRT	$76.5K	449,885	0.00%	flat	4q	HELD
Hennessy Capital Investment Corp. VIII	HCICR	$75.1K	500,000	0.00%	-	new	NEW
Blue Water Acquisition Corp IV	BWIVWS	$75.0K	250,000	0.00%	-	new	NEW
MUZERO ACQUISITION EQY WARRANT	MUZEW	$75.0K	250,000	0.00%	-	new	NEW
Apogee Acquisition Corp Unit 03/27/2031	AACPU	$74.8K	7,308	0.00%	-	new	NEW
Axiom Intelligence Ac Corp 1 Right 06/10/2030	AXINR	$74.0K	200,000	0.00%	flat	4q	HELD
Future Money Acquisition Cor Right 03/16/2031	FMACR	$73.9K	390,000	0.00%	-	new	NEW
ILLUMINATION ACQUISITIO CORP	ILLUW	$73.3K	166,666	0.00%	-	new	NEW
Plum Acquisition Corp. IV	PLMKW	$72.1K	184,993	0.00%	flat	4q	HELD
KENSINGTON CP A VI CL 1 EQY WARRANTS	KCACWS	$72.1K	61,111	0.00%	-	new	NEW
MCKINLEY ACQUISITION CORP	MKLYR	$72.0K	294,000	0.00%	flat	2q	HELD
SIDDHI ACQUISITION CORP	SDHIR	$70.0K	399,872	0.00%	flat	4q	HELD

Showing the largest 400 of 585 positions.

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Funds & ETFs	$1.3B	60.0%
Holding & Investment	$635.6M	30.2%
Other sectors	$79.8M	3.8%
Not classified	$125.6M	6.0%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q2 2026	+3.3%	+14.8%	-11.5%	97%
Q1 2026	-2.2%	-4.6%	+2.5%	87%
Q4 2025	-0.4%	+2.4%	-2.8%	97%
Q3 2025	+2.9%	+7.8%	-4.9%	93%
Q2 2025	-0.1%	+10.5%	-10.6%	96%
Q1 2025	-0.2%	-4.6%	+4.4%	97%
Q4 2024	-4.6%	+2.1%	-6.7%	97%
Q3 2024	+4.2%	+5.4%	-1.2%	96%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$2.1B	585	156	41	46	113	28.3%	45
Q1 2026	$2.0B	542	200	43	66	134	26.7%	45
Q4 2025	$2.1B	476	85	161	50	88	19.9%	48
Q3 2025	$1.8B	479	214	26	115	92	22.6%	45
Q2 2025	$1.8B	357	58	40	72	61	23.5%	45
Q1 2025	$1.9B	360	43	53	64	92	26.9%	45
Q4 2024	$2.1B	409	103	45	60	82	28.8%	45
Q3 2024	$2.1B	388	54	63	56	108	30.9%	64
Q2 2024	$2.1B	442	35	45	69	57	31.3%	45
Q1 2024	$2.1B	464	39	40	99	60	30.8%	45
Q4 2023	$2.1B	485	57	65	78	114	31.1%	45
Q3 2023	$1.9B	542	54	89	76	93	31.0%	45
Q2 2023	$2.0B	581	114	103	54	169	32.7%	45
Q1 2023	$2.1B	636	140	81	73	221	28.8%	45
Q4 2022	$2.2B	717	115	135	78	264	27.5%	45
Q3 2022	$2.2B	866	126	141	80	79	22.3%	45
Q2 2022	$2.5B	819	91	130	91	97	24.5%	46
Q1 2022	$2.7B	825	215	124	166	108	23.9%	46
Q4 2021	$2.5B	718	264	93	53	115	24.6%	45
Q3 2021	$1.9B	569	269	77	50	184	23.4%	46
Q2 2021	$1.8B	484	97	61	98	71	28.4%	47
Q1 2021	$1.7B	458	239	56	68	136	31.3%	47
Q4 2020	$1.7B	355	165	48	113	144	29.0%	47
Q3 2020	$1.6B	334	163	43	86	92	30.3%	47
Q2 2020	$1.8B	263	66	75	90	75	29.9%	45
Q1 2020	$1.5B	272	59	69	57	50	27.2%	48
Q4 2019	$1.7B	263	57	60	62	52	30.7%	45
Q3 2019	$2.2B	258	48	61	61	33	45.7%	45
Q2 2019	$2.3B	243	31	43	61	22	51.1%	45
Q1 2019	$1.5B	234	24	46	74	82	30.4%	45
Q4 2018	$1.7B	292	0	0	0	0	26.1%	45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.