DaveManuel.com · Institutional Ownership · 13F Holdings

Periscope Capital Inc.

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

CIK

1695320

Reported value

$1.1B

Positions

477

Top 10 weight

44.1%

Filed

2026-08-11

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
BANK NOVA SCOTIA B C CALL+PUT	BNS	$173.9M	options only	15.26%	+11.42pp	5q	OPTIONS
ENBRIDGE INC CALL	ENB	$81.0M	options only	7.11%	-1.48pp	6q	OPTIONS
ISHARES TR PUT	HYG	$68.0M	options only	5.97%	-2.41pp	4q	OPTIONS
ROYAL BK CDA CALL	RY	$50.8M	options only	4.46%	-0.02pp	6q	OPTIONS
PEMBINA PIPELINE CORP CALL	PBA	$46.5M	options only	4.08%	-3.58pp	3q	OPTIONS
Sun Life Financial, Inc. CALL	SLF	$39.2M	options only	3.44%	+1.51pp	5q	OPTIONS
BCE INC CALL	BCE	$25.5M	options only	2.24%	-	new	OPTIONS
NVIDIA CORPORATION CALL+PUT	NVDA	$6.4M	options only	0.56%	-	new	OPTIONS
CRANE HBR ACQUISITION CORP I	CRAN	$5.8M	575,000	0.51%	-0.15pp	2q	-4.2%-$253.3K
ART TECHNOLOGY ACQ CRP; TNT ACQ DT: 4/6/2028; CASH: $10.00	ARTC	$5.8M	584,900	0.51%	-0.13pp	2q	HELD
TESLA INC CALL+PUT	TSLA	$5.5M	options only	0.48%	-	new	OPTIONS
Praetorian Acquisition Corp	PTOR	$5.0M	500,000	0.44%	-0.11pp	2q	HELD
Keystone Acquisition Corp	KEYY	$4.9M	499,800	0.43%	-	new	NEW
HCM III ACQUISITION CORP O	HCMA	$4.6M	450,000	0.41%	-0.10pp	3q	HELD
KARBON CAP PARTNERS CORP	KBON	$4.5M	450,000	0.40%	-0.10pp	2q	HELD
Silicon Valley Acquisition Corp	SVAQ	$4.5M	450,000	0.40%	-0.18pp	2q	-14.3%-$754.1K
BTC DEV CORP O	BDCI	$4.5M	450,000	0.40%	-0.10pp	3q	HELD
SILVERBOX CORP V	SBXE	$4.5M	450,107	0.40%	-0.10pp	2q	HELD
UNITED STS COMMODITY INDEX F CALL	CPER	$4.5M	options only	0.40%	-0.01pp	2q	OPTIONS
ARTIUS II ACQUISITION INC	AACB	$4.5M	425,000	0.39%	-0.04pp	5q	+13.3%+$524.5K
JENA ACQUI	JENA	$4.4M	425,000	0.39%	-0.04pp	4q	+11.8%+$466.4K
BAIN CAP GSS INVT CORP	BCSS	$4.4M	425,000	0.38%	-0.09pp	3q	HELD
FIGX CAP A	FIGX	$4.3M	425,000	0.38%	-0.01pp	4q	+21.4%+$767.2K
BITCOIN IN	BIXI	$4.3M	433,506	0.38%	-0.10pp	3q	HELD
COLUMBUS CIRCLE CAP CORP II	IPXG	$4.3M	425,000	0.38%	-0.14pp	2q	-10.5%-$502.9K
GALATA ACQ	LATA	$4.3M	425,000	0.38%	-0.09pp	3q	HELD
BOOST RUN INC	BRUN	$4.3M	127,988	0.37%	-	new	NEW
DYNAMIX CORP III	DNMX	$4.2M	425,000	0.37%	-0.09pp	3q	HELD
VINE HILL CAP INVTS CORP II	VHCP	$4.2M	425,100	0.37%	-0.09pp	2q	HELD
EQUINOX GOLD CORP		$4.2M	2,500,000	0.37%	-0.30pp	8q	DEBT
LEGATO MERGER CORP IV	LEGO	$4.2M	424,800	0.37%	-	new	NEW
BLACK SPADE ACQUISITION III	BIII	$4.2M	418,800	0.37%	-0.09pp	2q	HELD
COHEN CIRC	CCII	$4.1M	400,000	0.36%	-0.09pp	4q	HELD
ARCHIMEDES TECH SPAC PTNRS I	ARCI	$4.1M	409,001	0.36%	-0.09pp	2q	HELD
Willow Lane Acquisition Corp II	WLII	$4.1M	399,600	0.36%	-	new	NEW
OTG Acquisition Corp I	OTGA	$4.1M	400,000	0.36%	-0.09pp	3q	HELD
RITHM ACQUISITION CORP	RAC	$4.0M	385,400	0.35%	-0.06pp	5q	+6.9%+$261.5K
Kensington Cap Acquisition Unit 99/99/9999	KCAU	$4.0M	399,600	0.35%	-	new	NEW
INVEST GREEN ACQUISITION COR CL A O	IGAC	$4.0M	400,000	0.35%	-0.09pp	2q	HELD
BLUEROCK ACQ CRP; TNT ACQ DT: 12/11/2027; CASH: $10.00	BLRK	$4.0M	400,000	0.35%	-0.09pp	2q	HELD
JACKSON ACQUISITION CO II COM SHS CL A	JACS	$4.0M	375,000	0.35%	-0.03pp	6q	+15.4%+$532.0K
LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00	ZKP	$4.0M	399,600	0.35%	-0.09pp	2q	HELD
K&F GROWTH ACQUISITION CORP	KFII	$4.0M	375,000	0.35%	-0.09pp	5q	HELD
STELLAR V	SVCC	$4.0M	374,600	0.35%	-0.09pp	5q	HELD
MESHFLOW ACQUISITION CORP	MESH	$3.9M	389,669	0.34%	-0.06pp	2q	+6.9%+$250.3K
GLOBA TERRA ACQUISITION COR	GTERA	$3.9M	375,000	0.34%	-0.09pp	4q	HELD
SILVER PEG	SPEG	$3.9M	375,000	0.34%	-0.11pp	4q	-6.2%-$256.8K
Solarius Capital Acquisition Corp	SOCA	$3.8M	375,000	0.34%	-0.09pp	4q	HELD
LIGHTWAVE	LWAC	$3.8M	375,000	0.34%	-0.11pp	3q	-6.2%-$255.5K
EQV VENTURES AC CORP. II O	EVAC	$3.8M	375,000	0.34%	-0.08pp	4q	HELD
GSR IV ACQUISITION CORP C	GSRF	$3.8M	375,000	0.33%	-0.08pp	3q	HELD
M3-BRIGADE ACQUISITION VI CO ORD SH	MBVI	$3.8M	375,000	0.33%	-0.08pp	3q	HELD
GIGCAPITAL8 CORP O	GIW	$3.8M	375,000	0.33%	-0.08pp	3q	HELD
APEX TREAS	APXT	$3.8M	375,000	0.33%	-0.08pp	3q	HELD
EVOLUTION GLOBAL ACQUISITION	EVOX	$3.8M	375,000	0.33%	-0.08pp	3q	HELD
ALDEL FINL II INC CL A	ALDF	$3.7M	350,000	0.33%	-0.08pp	6q	HELD
BOLD EAGLE ACQUISITION CORP CL A	BEAG	$3.7M	350,000	0.33%	-0.08pp	6q	HELD
M EVO GBL ACQUISITION CORP I	MEVO	$3.7M	375,000	0.33%	-0.11pp	2q	-6.2%-$248.0K
GORES HLDGS X INC	GTEN	$3.7M	354,300	0.32%	-0.05pp	5q	+7.6%+$260.8K
SPRING VY ACQUISITION CORP I	SVIV	$3.7M	360,400	0.32%	-0.07pp	2q	HELD
INDIGO ACQ	INAC	$3.6M	350,000	0.31%	-0.08pp	4q	HELD
PYROPHYTE ACQUISITION CORP.	PAII	$3.6M	350,000	0.31%	-0.08pp	4q	HELD
NETFLIX INC. CALL+PUT	NFLX	$3.6M	options only	0.31%	-	new	OPTIONS
TRAILBLAZER ACQUISITION CORP ORD SH	BLZR	$3.6M	351,900	0.31%	-0.08pp	3q	HELD
HIGHVIEW MERGER CORP O	HVMC	$3.6M	350,000	0.31%	-0.08pp	3q	HELD
BERTO ACQUISITION CORP II	GUACU	$3.5M	350,000	0.31%	-	new	NEW
TWELVE SEAS ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	TWLV	$3.5M	350,000	0.31%	-0.05pp	2q	+7.7%+$249.8K
NEWBURY STR II ACQUISITION COR ORD SHS CL A	NTWO	$3.5M	327,300	0.31%	-0.08pp	6q	HELD
TGE VALUE CREATIVE SOLUTIONS	BEBE	$3.5M	350,000	0.31%	-0.08pp	2q	HELD
Proem Acquisition Corp I	PAAC	$3.5M	349,800	0.31%	-	new	NEW
MOUNTAIN LAKE ACQUISIT CORP	MLAA	$3.5M	350,000	0.31%	-0.24pp	2q	-30.0%-$1.5M
Aldabra 4 Liquidity Opportunity Vehicle Inc	ALOV	$3.5M	349,500	0.30%	-0.08pp	2q	HELD
Xsolla SPAC 1	XSLL	$3.5M	350,200	0.30%	-0.08pp	2q	HELD
MUZERO ACQUISITION CORP	MUZE	$3.5M	349,800	0.30%	-	new	NEW
CAMBRIDGE ACQUISITION CORP	CAQ	$3.5M	349,500	0.30%	-	new	NEW
OAKTREE AC	OACC	$3.5M	323,400	0.30%	-0.08pp	6q	HELD
Insight Digital Partners II	DYOR	$3.5M	344,000	0.30%	-0.05pp	3q	+7.8%+$251.0K
AGRICULTURE & NAT SOL ACQ CO	ANSC	$3.4M	300,000	0.30%	-0.07pp	10q	HELD
PERIMETER ACQUISITION CORP I COM C	PMTR	$3.4M	327,836	0.30%	-0.07pp	5q	+1.5%+$49.3K
LAFAYETTE	LAFA	$3.4M	336,900	0.30%	-0.07pp	3q	HELD
COPLEYACQUISITIONCORP	COPL	$3.4M	325,000	0.30%	-0.10pp	5q	-7.1%-$260.8K
Titan Acquisition Corp	TACH	$3.4M	325,000	0.30%	-0.07pp	5q	HELD
KOCHAV DEFENSE ACQUI CO	KCHV	$3.4M	325,000	0.30%	-0.07pp	4q	HELD
OXLEY BRID	OBA	$3.3M	325,000	0.29%	-0.07pp	4q	HELD
Spartacus Acquisition Corp II	TMTS	$3.3M	327,064	0.29%	-	new	NEW
LONG TABLE GROWTH CORP	LTGRU	$3.3M	325,000	0.29%	-	new	NEW
SNOW ROTHSCHILD ACQUISITION	ISNRU	$3.3M	325,000	0.29%	-	new	NEW
Thayer Ventures Acquisition Corp II	TVAI	$3.2M	312,500	0.28%	-0.07pp	4q	HELD
ACTIVATE ENERGY ACQUISIT COR	AEAQ	$3.2M	321,600	0.28%	-0.07pp	2q	HELD
IRENIC ACQUISITION CORP	IACQ	$3.2M	318,811	0.28%	-	new	NEW
Churchill Capital Corp XII	CXII	$3.2M	299,000	0.28%	-	new	NEW
SIDDHI ACQUISITION CORP C	SDHI	$3.1M	300,000	0.27%	-0.07pp	5q	HELD
NEW PROVID	NPAC	$3.1M	300,000	0.27%	-0.04pp	4q	+9.1%+$259.5K
FUTURECREST ACQUISITION CORP CL A O	FCRS	$3.1M	302,000	0.27%	-0.06pp	3q	HELD
REPUBLIC DIGITAL ACQUISITION	RDAG	$3.1M	300,000	0.27%	-0.08pp	5q	-3.6%-$115.6K
FG IMPERII ACQUISITION CORP	FGII	$3.1M	311,600	0.27%	-0.07pp	2q	HELD
CAL REDWOOD ACQUISITION COR	CRAQ	$3.1M	300,000	0.27%	-0.07pp	5q	HELD
CANTOR EQU	CEPF	$3.1M	296,699	0.27%	-0.06pp	4q	HELD
Pioneer Acquisition I Corp	PACH	$3.1M	300,000	0.27%	-0.07pp	4q	HELD
HCM IV ACQUISITION CORP	HACQ	$3.1M	305,686	0.27%	-	new	NEW
FORTUNA MNG CORP		$3.1M	2,000,000	0.27%	-0.12pp	5q	DEBT
MCKINLEY A	MKLY	$3.0M	300,000	0.27%	-0.07pp	3q	HELD
CSLM DIGIT	KOYN	$3.0M	300,000	0.27%	-0.07pp	3q	HELD
FORTRESS V	FVAV	$3.0M	300,006	0.27%	-0.01pp	2q	+20.0%+$505.6K
ONEIM ACQU	OIM	$3.0M	300,000	0.27%	-0.01pp	2q	+20.0%+$503.5K
Collective Acquisition Corp Unit 04/27/2031	CAIIU	$3.0M	300,000	0.26%	-	new	NEW
LEAPFROG ACQUISITION CORP	LFAC	$3.0M	300,000	0.26%	-0.07pp	2q	HELD
KRAKACQUISITION CORPORATION	KRAQ	$3.0M	299,600	0.26%	-0.01pp	2q	+20.0%+$500.0K
ARMADA ACQUISITION CORP III ORD SHS CL A	AACI	$3.0M	299,800	0.26%	-	new	NEW
X3 Acquisition Corp Ltd	XCBE	$3.0M	299,800	0.26%	-0.06pp	2q	HELD
SC ACQ CRP II; TNT ACQ DT: 5/25/2027; CASH: $10.00	SCII	$3.0M	294,700	0.26%	-0.07pp	2q	HELD
GESHER ACQ	GSHR	$2.9M	280,304	0.26%	-0.07pp	5q	HELD
GENERAL PURPOSE ACQ CRP; TNT ACQ DT: 12/04/2027; CASH: $10.00	GPAC	$2.9M	289,800	0.25%	-0.06pp	2q	HELD
BERTO ACQUISITION CORP	TACO	$2.9M	275,000	0.25%	-0.06pp	5q	HELD
AXIOM INTELLIGENCE AC CORP 1 ORD SH	AXIN	$2.8M	275,000	0.25%	-0.14pp	4q	-21.4%-$775.5K
DAEDALUS SPL ACQUISITION COR	DSAC	$2.8M	279,600	0.25%	-0.06pp	2q	HELD
Gores Holdings Xi Inc Unit 06/24/2031	GHXIU	$2.8M	275,000	0.24%	-	new	NEW
RANGE CAP ACQUISITION CORP I CL A O	RNGT	$2.8M	275,600	0.24%	-0.03pp	3q	+12.2%+$303.3K
Infinite Eagle Acquisition Corp	IEAG	$2.8M	275,000	0.24%	-0.06pp	2q	HELD
BLUE WTR ACQUISITION CORP. I ORD SH	BLUW	$2.8M	267,664	0.24%	-0.06pp	4q	HELD
Tailwind 2.0 Acquisition Corp	TDWD	$2.8M	275,000	0.24%	-0.06pp	3q	HELD
KPET ULTRA PACELINE CORP	KPET	$2.8M	275,800	0.24%	-	new	NEW
ITHAX ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	ITHA	$2.7M	275,000	0.24%	-0.09pp	2q	-8.3%-$249.5K
SAFEGUARD ACQUISITION CORP	SAC	$2.7M	272,433	0.24%	-0.06pp	2q	HELD
ILLUMINATION ACQUISITIO CORP	ILLU	$2.7M	276,800	0.24%	-	new	NEW
TALON CAP CORP O	TLNC	$2.7M	265,600	0.24%	-0.06pp	3q	HELD
AVERIN CAP ACQUISITION CORP	ACAA	$2.7M	274,800	0.24%	-	new	NEW
SOREN ACQ CRP; TNT ACQ DT: 1/7/2028; CASH: $10.00	SORN	$2.7M	274,500	0.24%	-0.06pp	2q	HELD
ENERGY TRANSITION SPL OPPORT	ETSS	$2.7M	274,800	0.24%	-	new	NEW
LAUNCH TWO ACQUISITION CORP.	LPBB	$2.7M	247,300	0.23%	-0.08pp	7q	-6.2%-$174.7K
EMMIS ACQUISITION CORP.	EMIS	$2.6M	258,700	0.23%	-0.08pp	3q	-5.9%-$164.9K
TEXAS VENTURES ACQUISITION I	TVIVU	$2.6M	256,970	0.23%	-	new	NEW
VIKING ACQUISITION CORP I O	VACI	$2.6M	250,000	0.22%	-0.20pp	3q	-34.8%-$1.4M
AA MISSION ACQUISITION CORP O	YCY	$2.5M	250,000	0.22%	-0.06pp	3q	HELD
OYSTER ENTERPRISES II ACQUIS ORD SH	OYSE	$2.5M	244,345	0.22%	-0.05pp	4q	HELD
Tribeca Strategic Acquisitio Unit 05/22/2031	BIDWU	$2.5M	250,000	0.22%	-	new	NEW
CHURCHILL CAP CORP XI	CCXI	$2.5M	142,500	0.22%	-0.26pp	2q	-66.5%-$4.9M
HENNESSY CAP INVTS CORP VIII	HCIC	$2.5M	250,000	0.22%	-	new	NEW
IDEA ACQUISITION CORP	IACO	$2.5M	249,600	0.22%	-	new	NEW
RRE Ventures Acquisition Corp	RREV	$2.5M	249,600	0.22%	-	new	NEW
K2 CAP ACQUISITION CORP	KTWO	$2.5M	246,902	0.22%	-0.05pp	2q	+0.8%+$18.9K
SILVERCORP METALS INC		$2.4M	1,000,000	0.21%	-0.07pp	3q	DEBT
BURTECH ACQUISITION CORP II	BRKHU	$2.4M	241,313	0.21%	-	new	NEW
WEN ACQUISITION CORP	WENN	$2.4M	235,000	0.21%	-0.05pp	4q	HELD
PROCAP ACQUISITION CORP	PCAP	$2.4M	234,200	0.21%	-0.05pp	4q	HELD
IRIS ACQUISITION CORP II	IRAB	$2.4M	241,000	0.21%	-0.05pp	2q	HELD
RF ACQUISITION CORP III	RFAM	$2.4M	240,000	0.21%	-0.05pp	2q	HELD
ROMAN DBDR ACQUISITION CORP	DRDB	$2.4M	225,000	0.21%	-0.05pp	6q	HELD
LIONHEART HOLDINGS SHS CL A	CUB	$2.4M	220,000	0.21%	-0.06pp	4q	-2.2%-$53.9K
JAB ACQUISITION CORP I	JABRU	$2.4M	236,000	0.21%	-	new	NEW
Ares Acquisition Corp Iii Unit 99/99/9999	AACU	$2.4M	235,275	0.21%	-	new	NEW
SIZZLE ACQUISITION CORP. II	SZZL	$2.3M	225,000	0.20%	-0.14pp	5q	-25.0%-$777.0K
CANTOR EQUITY PARTNERS V INC	CEPV	$2.3M	225,000	0.20%	-0.05pp	3q	HELD
NMP Acquisition Corp	NMP	$2.3M	223,985	0.20%	-0.05pp	4q	HELD
DRUGS MADE IN AMER ACQ II CO	DMII	$2.3M	225,000	0.20%	-0.05pp	3q	HELD
PPL CAP FDG INC		$2.3M	2,000,000	0.20%	-0.06pp	3q	DEBT
Wilco 63 Corp	WLCOU	$2.2M	225,000	0.20%	-	new	NEW
TRG Latin America Acquisitions Corp	TRGS	$2.2M	225,321	0.20%	-	new	NEW
FIRSTENERGY CORP		$2.2M	2,000,000	0.19%	-	new	DEBT
CH4 NATURAL SOLUTIONS CORP	MTNE	$2.2M	224,800	0.19%	-	new	NEW
NEWHOLD INVT CORP III	NHIC	$2.2M	200,000	0.19%	-0.30pp	5q	-52.9%-$2.5M
CHENGHE ACQUISITION III CO	CHEC	$2.2M	214,000	0.19%	-0.05pp	3q	HELD
TEXASVENTURESACQUISITIONI	TVA	$2.2M	205,000	0.19%	-0.05pp	5q	HELD
ANDRETTI ACQUISITION CORP II	POLE	$2.1M	200,000	0.19%	-0.05pp	6q	HELD
LAUNCHPAD CADENZA ACQU CORP	LPCV	$2.1M	211,000	0.19%	-0.05pp	2q	HELD
ORIGIN INVT CORP I	ORIQ	$2.1M	200,000	0.18%	-0.04pp	4q	HELD
NEWHOLD INVTS CORP IV	NHIVU	$2.0M	199,100	0.18%	-	new	NEW
VENDOME ACQUISITION CORP I C	VNME	$2.0M	200,000	0.18%	-0.05pp	4q	HELD
PATRIOT ACQUISITION CORP	PTACU	$2.0M	200,900	0.18%	-	new	NEW
WHITE PEARL ACQUISITION CORP	WPAC	$2.0M	200,000	0.18%	-0.04pp	2q	HELD
ACP Holdings Acquisition Corp	ACGC	$2.0M	200,000	0.17%	-	new	NEW
INTERPRIVATE INVTS PARTNERS	IPVVU	$2.0M	200,000	0.17%	-	new	NEW
ABONY ACQUISITION CORP I	AACO	$2.0M	199,800	0.17%	-	new	NEW
PALOMA ACQUISITION CORP I	PALO	$2.0M	198,000	0.17%	-	new	NEW
SPACE ASSET ACQUISITION CORP	SAAQ	$1.9M	187,700	0.17%	-0.04pp	2q	+1.6%+$29.6K
AMERICAN EXCEPTIONALISM ACQU	AEXA	$1.9M	160,000	0.17%	-0.03pp	4q	HELD
HALL CHADWICK ACQUISITION CO	HCAC	$1.9M	188,000	0.17%	-0.10pp	2q	-21.0%-$502.0K
ARCHIMEDES TECH SPAC PARTNER	ATII	$1.9M	175,000	0.17%	-0.24pp	5q	-50.4%-$1.9M
General Catalyst Global Resilience Merger Corp	GCGR	$1.9M	185,557	0.16%	-	new	NEW
MICROSOFT CORP CALL	MSFT	$1.9M	options only	0.16%	-	new	OPTIONS
FACT II ACQUISITION CORP ORD SHS CL A	FACT	$1.9M	175,000	0.16%	-0.07pp	6q	-12.5%-$265.8K
BARRICK MNG CORP CALL	B	$1.8M	options only	0.16%	-	new	OPTIONS
SUMA ACQUISITION CORP	SUMA	$1.8M	185,000	0.16%	-	new	NEW
PLUTONIAN ACQUISITION CORP I	PLUN	$1.8M	177,528	0.16%	-	new	NEW
AMPERCAP ACQUISITION CO	APMCU	$1.8M	175,500	0.15%	-	new	NEW
CARTESIAN GROWTH CORP IV	CGCFU	$1.8M	175,000	0.15%	-	new	NEW
MOZAYYX ACQUISITION CORP	MZYX	$1.7M	174,800	0.15%	-	new	NEW
Oceanhawk Acquisition Corp	OHAC	$1.7M	175,000	0.15%	-	new	NEW
D BORAL ACQUISITION I CORP	DBCA	$1.7M	173,400	0.15%	-0.04pp	2q	HELD
Iron Dome Acquisition I Corp Unit 02/27/2031	IDACU	$1.7M	171,042	0.15%	-	new	NEW
GP-ACT III ACQUISITION CORP	GPAT	$1.7M	150,000	0.15%	-0.15pp	8q	-40.0%-$1.1M
BLACKBERRY LTD		$1.6M	500,000	0.14%	+0.08pp	6q	DEBT
INVESCO EXCHANGE TRADED FD T	RSP	$1.6M	7,650	0.14%	-0.02pp	2q	HELD
GRAF GLOBAL CORP	TONT	$1.6M	150,000	0.14%	-0.15pp	7q	-39.4%-$1.1M
BLEICHROEDER ACQUISITI CORP	BBCQ	$1.6M	155,000	0.14%	-0.17pp	2q	-43.6%-$1.2M
1RT ACQUIS	ONCH	$1.6M	153,962	0.14%	-0.03pp	4q	HELD
NEW AMER ACQUISITION I CORP COM	NWAX	$1.6M	154,825	0.14%	-0.03pp	2q	HELD
OCEAN CAP ACQUISITION CORP	OCACU	$1.5M	150,000	0.13%	-	new	NEW
FOREFRONT TECHNOLOGY HOLDING	FTHAU	$1.5M	150,000	0.13%	-	new	NEW
CROWN RESV ACQUISITION CORP	CRAC	$1.5M	150,000	0.13%	-0.03pp	3q	HELD
Cantor Equity Partners VII Inc	CAES	$1.5M	150,000	0.13%	-	new	NEW
HELIX ACQUISITION CORP III	HLXC	$1.5M	141,780	0.13%	+0.07pp	2q	+146.4%+$894.9K
ALUSSA ENERGY ACQUISIT CORP	ALUB	$1.5M	150,000	0.13%	+0.10pp	2q	+400.0%+$1.2M
Iron Horse Acquisition II Corp	IRHO	$1.5M	150,000	0.13%	+0.04pp	2q	+70.5%+$621.9K
Inflection Point Acquisition Corp VI	IPFX	$1.5M	145,000	0.13%	-	new	NEW
Quantum Leap Acquisition Corp	QLEP	$1.5M	150,000	0.13%	-	new	NEW
XANADU QUANTUM TECHNOLO LTD	XNDU	$1.4M	174,585	0.12%	-	new	NEW
COLOMBIER ACQUISITION CORP I	CLBR	$1.4M	138,400	0.12%	-	new	NEW
ALPHABET INC CALL	GOOG	$1.4M	options only	0.12%	-	new	OPTIONS
METALS ACQUISITION CORP II	MTAL	$1.4M	137,549	0.12%	-	new	NEW
MELAR ACQUISITION CORP. I SHS CL A	MACI	$1.4M	125,000	0.12%	-0.03pp	8q	HELD
TRANSLATIONAL DEV ACQUISITIO	TDAC	$1.3M	125,000	0.12%	-0.23pp	6q	-58.3%-$1.9M
RENATUS TACTICAL ACQUIS SHS CL A	RTAC	$1.3M	125,000	0.11%	-0.03pp	5q	HELD
FIFTH ERA ACQUISITION CORP I ORD SH	FERA	$1.3M	125,000	0.11%	-0.11pp	4q	-37.5%-$781.5K
DIGITAL ASSET ACQUISITION CO	DAAQ	$1.3M	125,000	0.11%	-0.03pp	4q	HELD
SOULPOWER	SOUL	$1.3M	125,000	0.11%	-0.03pp	4q	HELD
INFLECTION PT ACQUISITION CO	IPCX	$1.3M	125,000	0.11%	-0.03pp	5q	HELD
EGH ACQUISITION CORP.	EGHA	$1.3M	125,000	0.11%	-0.03pp	4q	HELD
YORKVILLE ACQUISITION CORP.	MCGA	$1.3M	125,000	0.11%	-0.03pp	4q	HELD
RMG ML SPORTS HOLDINGS	SHOTU	$1.2M	125,000	0.11%	-	new	NEW
SPACSphere Acquisition Corp	SSAC	$1.2M	125,000	0.11%	-0.03pp	2q	HELD
WEST ENCLAVE MERGER CORP	WENC	$1.2M	125,000	0.11%	-	new	NEW
LAUNCH ONE ACQUISITION CORP	LPAA	$1.1M	100,000	0.10%	-0.10pp	7q	-37.7%-$655.8K
PLUM ACQUISITION CORP IV	PLMK	$1.1M	100,000	0.09%	-0.23pp	6q	-63.6%-$1.9M
BLUE ACQUISITION CORP. O	BACC	$1.1M	100,000	0.09%	-0.08pp	4q	-33.3%-$530.0K
INFLECTION POINT ACQU CORP V	IPEX	$1.1M	100,000	0.09%	-0.02pp	4q	HELD
HENNESSY CAP INVT CORP VII	HVII	$1.0M	100,000	0.09%	-0.05pp	6q	-20.0%-$261.2K
CHAMPIONSGATE ACQUISITION CO	CHPG	$1.0M	100,000	0.09%	-0.02pp	5q	HELD
ALPEX ACQUISITION CORP	ALPXU	$1.0M	100,000	0.09%	-	new	NEW
AMERICAN DRIVE ACQ CRP; TNT ACQ DT: 12/17/2027; CASH: $10.00	ADAC	$998.0K	99,600	0.09%	-0.02pp	2q	HELD
BLUE WTR ACQUISITION CORP IV	BWIV	$988.0K	99,800	0.09%	-	new	NEW
CANTOR EQUITY PARTNERS VI IN	CEPS	$985.1K	95,000	0.09%	-0.02pp	2q	HELD
DYNAMIX CORP SHS CL A	DYNC	$943.0K	87,400	0.08%	-0.02pp	7q	HELD
ARMADA ACQUISITION CORP II COM CL A	XRPN	$883.6K	84,800	0.08%	-0.07pp	5q	-32.2%-$418.9K
STRATEGY INC CALL	MSTR	$869.3K	options only	0.08%	-	new	OPTIONS
EL PASO ENERGY CAP TR I	EPPRC	$865.1K	17,135	0.08%	-0.02pp	3q	-1.2%-$10.1K
RICE ACQUISITION CORP 3	KRSP	$831.6K	79,200	0.07%	-0.02pp	3q	HELD
SILVERBOX CORP IV	SBXDF	$810.8K	75,000	0.07%	-0.08pp	7q	-40.0%-$540.5K
WINTERGREEN ACQUISITION CORP	WTG	$780.8K	75,000	0.07%	-0.02pp	4q	HELD
QUANTUMSPHERE ACQUISITION CO	QUMS	$766.5K	75,000	0.07%	-0.04pp	3q	-25.0%-$255.5K
TERRESTRIAL ENERGY INC	IMSR	$729.6K	122,000	0.06%	flat	3q	HELD
FUTUREWAVE ACQUISITION CORP	FWACU	$652.0K	65,000	0.06%	-	new	NEW
SPARK I ACQUISITION CORP ORD SHS	SPKL	$564.9K	45,000	0.05%	-0.11pp	10q	-64.0%-$1.0M
D. BORAL ARC ACQ I CORP.	BCAR	$521.5K	50,000	0.05%	-0.12pp	4q	-66.7%-$1.0M
Newbridge Acquisition Ltd	NBRG	$499.2K	50,000	0.04%	-	new	NEW
TERRESTRIAL ENERGY INC	IMSRW	$417.9K	152,500	0.04%	flat	3q	HELD
TRANSALTA CORP	TAC	$304.2K	22,000	0.03%	-	new	NEW
HADRON ENERGY INC	HDRN	$241.6K	141,304	0.02%	-	new	NEW
Amanat Acquisition Corp	AMAN	$228.6K	22,500	0.02%	-	new	NEW
BLUE ACQUISITION CORP.	BACCR	$214.5K	275,000	0.02%	+0.01pp	4q	-31.2%-$97.5K
ELME COMMUNITIES SH BEN INT	ELME	$207.2K	140,000	0.02%	-0.01pp	2q	HELD
Churchill Capital Corp XI	CCXIW	$204.9K	27,500	0.02%	+0.01pp	2q	-38.8%-$129.6K
NOUVEAU MONDE GRAPHITE INC	NMG	$187.5K	125,000	0.02%	-	new	NEW
Kentek Ltd	ZTEKF	$183.2K	400,000	0.02%	-	new	NEW
Crane Hbr Acquisition Corp I Right 12/09/2030	CRANR	$173.6K	723,504	0.02%	flat	2q	HELD
Columbus Circle Capital Corp II	IPXGW	$171.6K	130,000	0.02%	+0.01pp	2q	-17.8%-$37.2K
SPARK I ACQUISITION CORP	SPKWF	$160.3K	67,500	0.01%	+0.01pp	11q	-69.2%-$359.6K
PERIMETER ACQUISITION CORP I	PMTRW	$148.6K	165,100	0.01%	flat	5q	HELD
Titan Acquisition Corp	TACHW	$147.9K	200,000	0.01%	+0.01pp	5q	-11.1%-$18.4K
Bold Eagle Acquisition Corp Right 10/11/2029	BEAGR	$145.0K	500,000	0.01%	flat	7q	HELD
Silicon Valley Acquisition Corp	SVAQW	$144.3K	195,000	0.01%	flat	2q	-25.7%-$49.9K
SILVER BOW MNG CORP	SBMT	$142.0K	21,000	0.01%	-	new	NEW
Viking Acquisition Corp I	VACIWS	$134.9K	150,000	0.01%	flat	3q	-29.8%-$57.4K
NEWHOLD INVT CORP III	NHICW	$129.7K	62,500	0.01%	flat	5q	-71.1%-$318.9K
HCM III Acquisition Corp	HCMAW	$124.5K	191,600	0.01%	flat	3q	HELD
SIDDHI ACQUISITION CORP	SDHIR	$121.0K	500,000	0.01%	flat	5q	HELD
NEW FOUND GOLD CORP	NFGC	$115.8K	75,000	0.01%	-	new	NEW
KENSINGTON CP A VI CL 1 EQY WARRANTS	KCACWS	$114.9K	99,900	0.01%	-	new	NEW
Axiom Intelligence Ac Corp 1 Right 06/10/2030	AXINR	$112.9K	300,000	0.01%	flat	4q	-25.4%-$38.5K
Keystone Acquisition Corp	KEYYW	$109.9K	249,900	0.01%	-	new	NEW
SILVER PEGASUS ACQUISITION C	SPEGR	$104.7K	395,170	0.01%	flat	4q	HELD
Berto Acquisition Corp	TACOW	$99.0K	137,500	0.01%	flat	5q	HELD
KARBON CAP PARTNERS CORP	KBONW	$98.0K	130,700	0.01%	flat	2q	HELD
BAIN CAP GSS INVT CORP	BCSSWS	$97.9K	139,900	0.01%	flat	3q	HELD
Apex Treasury Corp	APXTW	$97.5K	300,000	0.01%	flat	3q	HELD
Invest Green Acquisition Cor Right 11/17/2030	IGACR	$94.7K	473,400	0.01%	flat	2q	HELD
Aldel Financial II Inc	ALDFW	$93.5K	275,000	0.01%	flat	6q	HELD
Dynamix Corp III	DNMXW	$92.9K	337,500	0.01%	flat	3q	HELD
Procap Finl Inc	SVIA	$92.5K	83,333	0.01%	-0.01pp	3q	HELD
Rithm Acquisition Corp	RACWS	$91.1K	145,800	0.01%	flat	5q	HELD
INFLECTION PT ACQUISITION CO	IPCXR	$90.0K	200,000	0.01%	flat	5q	HELD
Jena Acquisition Corp Ii Right 03/31/2030	JENART	$89.9K	529,000	0.01%	flat	4q	HELD
WILLOW LANE ACQUSTON II EQY WARRANTS	WLIIW	$88.9K	99,900	0.01%	-	new	NEW
COHEN CIRCLE ACQUISIT CORP I	CCIIW	$88.7K	123,200	0.01%	flat	4q	HELD
Spring Valley Acquisition Corp IV	SVIVW	$87.9K	90,100	0.01%	flat	2q	HELD
TGE Value Creative Solutions Corp	BEBEWS	$87.7K	224,900	0.01%	flat	2q	HELD
ARCHIMEDES TECH SPAC PARTNER	ATIIW	$87.6K	40,000	0.01%	flat	5q	-79.9%-$347.3K
BLEICHROEDER ACQUISITI CORP	BBCQW	$87.2K	40,000	0.01%	flat	2q	-56.8%-$114.5K
GORES HLDGS X INC	GTENW	$86.2K	115,000	0.01%	flat	5q	HELD
Evolution Global Acquisition Corp	EVOXW	$85.9K	203,400	0.01%	flat	3q	HELD
OTG Acquisition I Corp	OTGAW	$85.5K	208,200	0.01%	flat	3q	HELD
Translational Development Acquisition Corp	TDACW	$85.5K	60,000	0.01%	+0.01pp	6q	-52.0%-$92.6K
TEXAS VENTURES ACQUISITION I	TVACW	$84.8K	160,000	0.01%	flat	5q	HELD
THAYER VENTURES ACQ CORP II	TVAIR	$84.8K	484,500	0.01%	flat	4q	HELD
OAKTREE ACQUISITION CORP III	OACCW	$84.7K	90,000	0.01%	flat	6q	HELD
Bitcoin Infrastructure Acquisition Corp Ltd	BIXIW	$84.5K	267,200	0.01%	flat	3q	+10.6%+$8.1K
Hall Chadwick Acquisition Co Right 11/20/2030	HCACR	$79.8K	275,000	0.01%	flat	2q	HELD
Plum Acquisition Corp. IV	PLMKW	$78.8K	174,999	0.01%	flat	6q	HELD
Stellar V Capital Corp	SVCCW	$78.6K	252,039	0.01%	flat	5q	HELD
Gigcapital8 Corp Right 09/30/2030	GIWWR	$78.2K	300,600	0.01%	flat	3q	HELD
Solarius Capital Acquisition Corp	SOCAW	$77.6K	282,200	0.01%	flat	4q	HELD
M Evo Global Acquisition Corp II	MEVOW	$77.0K	200,000	0.01%	flat	2q	HELD
ARMADA ACQUISITION CORP II	XRPNW	$76.5K	90,000	0.01%	flat	5q	HELD
Kochav Defense Acqui Co Right 05/21/2030	KCHVR	$76.1K	376,700	0.01%	flat	4q	HELD
HENNESSY CAP INVT CORP VII	HVIIR	$75.4K	193,740	0.01%	flat	6q	-12.4%-$10.7K
Praetorian Acquisition Corp	PTORW	$74.3K	195,600	0.01%	flat	2q	HELD
CAL REDWOOD ACQUISITION CORP	CRAQR	$74.3K	271,251	0.01%	flat	5q	HELD
MCKINLEY ACQUISITION CORP	MKLYR	$73.9K	343,700	0.01%	flat	3q	HELD
M3-BRIGADE ACQUISITION VI CO	MBVIW	$72.3K	180,732	0.01%	flat	3q	HELD
LightWave Acquisition Corp	LWACW	$71.3K	235,500	0.01%	flat	3q	HELD
AGRICULTURE & NAT SOL ACQ CO	ANSCW	$71.3K	353,782	0.01%	flat	10q	HELD
CHENGHE ACQUISITION II CO		$69.1K	98,700	0.01%	flat	4q	HELD
K&F Growth Acquisition Corp Right 08/29/2031	KFIIR	$68.8K	550,000	0.01%	flat	6q	HELD
GSR IV ACQUISITION CORP	GSRFR	$68.4K	28,400	0.01%	flat	3q	HELD
INDIGO ACQUISITION CORP	INACR	$68.4K	546,911	0.01%	flat	4q	HELD
BTC DEV CORP	BDCIW	$68.2K	151,576	0.01%	flat	3q	HELD
Vine Hill Capital Investment Corp II	VHCPW	$66.6K	141,700	0.01%	flat	2q	HELD
LEGATO MERGER IV EQY WARRANT	LEGOWS	$66.6K	141,600	0.01%	-	new	NEW
FIGX CAP ACQUISITION CORP.	FIGXW	$66.5K	237,500	0.01%	flat	4q	HELD
Graf Global Corp	TONTWS	$66.5K	175,000	0.01%	flat	8q	-16.8%-$13.4K
PROEM ACQUISITION CORP I	PAACW	$66.5K	174,900	0.01%	-	new	NEW
Safeguard Acquisition Corp	SACWS	$66.0K	115,800	0.01%	flat	2q	HELD
Pioneer Acquisition I Corp	PACHW	$65.7K	304,700	0.01%	flat	4q	HELD
Newbury Street II Acquisition Corp	NTWOW	$63.7K	262,400	0.01%	flat	6q	HELD
Blue Moon Metals Inc.	BMM	$63.4K	10,000	0.01%	-	new	NEW
Infinite Eagle Acquisition C Right 01/13/2031	IEAGR	$63.4K	325,000	0.01%	flat	2q	HELD
ARCHIMEDES TECH SPAC PTNRS I	ARCIW	$63.2K	101,100	0.01%	flat	2q	HELD
ART TECHNOLOGY ACQUISITION C	ARTCW	$63.1K	159,600	0.01%	flat	2q	+8.5%+$4.9K
Bluerock Acquisition Corp	BLRKW	$62.5K	138,800	0.01%	flat	2q	HELD
EQV Ventures Acquisition Corp II	EVACWS	$60.5K	145,892	0.01%	flat	4q	HELD
Launch Two Acquisition Corp	LPBBW	$60.4K	175,000	0.01%	flat	7q	HELD
FACT II Acquisition Corp	FACTW	$58.9K	98,101	0.01%	flat	7q	HELD
MOUNTAIN LAKE ACQUISIT CORP	MLAAW	$57.4K	212,500	0.01%	flat	2q	-15.0%-$10.1K
Activate Energy Acquisition Corp	AEAQW	$57.2K	173,300	0.01%	flat	2q	HELD
INFLECTION PT ACQUISIT CORP	IPFXW	$56.4K	30,000	0.00%	-	new	NEW
Republic Digital Acquisition Co	RDAGW	$56.2K	149,900	0.00%	flat	5q	HELD
WHITE PEARL ACQUISITION CORP	WPACRT	$56.2K	200,000	0.00%	flat	2q	HELD
LEAPFROG ACQUISITION CL A WRNT 1/26/2031	LFACW	$56.0K	162,400	0.00%	flat	2q	HELD
INSIGHT DIGITAL PARTNERS II	DYORW	$55.8K	192,400	0.00%	flat	3q	HELD
SilverBox Corp V	SBXEWS	$55.7K	134,000	0.00%	flat	2q	HELD
SPACE ASSET ACQUISITION EQY WARRANTS	SAAQW	$55.4K	61,600	0.00%	flat	2q	HELD
Sizzle Acquisition Corp. Ii Right 04/02/2030	SZZLR	$55.3K	340,370	0.00%	flat	5q	HELD
SPARTACUS ACQUISITON II EQY WARRANTS	TMTSW	$54.8K	104,900	0.00%	-	new	NEW
D. BORAL ARC ACQ I CORP.	BCARW	$54.3K	30,000	0.00%	-0.01pp	4q	-80.0%-$217.2K
ALDABRA 4 LQDTY OPTY VH EQY WARRANTS	ALOVW	$53.6K	116,500	0.00%	flat	2q	HELD
Galata Acquisition Corp II	LATAW	$53.1K	143,200	0.00%	flat	3q	HELD
BLACK SPADE ACQUISITION III	BIIIWS	$53.0K	139,600	0.00%	flat	2q	HELD
BLUE WTR ACQUISITION CORP. I	BLUWW	$51.6K	124,900	0.00%	flat	4q	HELD
RENATUS TACTICAL ACQUIS	RTACW	$51.3K	67,500	0.00%	flat	5q	HELD
Tailwind 2.0 Acquisition Corp	TDWDR	$50.8K	406,335	0.00%	flat	3q	HELD
CHURCHILL CAP CORP XII	CXIIW	$50.8K	29,900	0.00%	-	new	NEW
MUZERO ACQUISITION EQY WARRANT	MUZEW	$50.7K	174,900	0.00%	-	new	NEW
Irenic Acquisition Corp	IACQW	$49.2K	79,400	0.00%	-	new	NEW
Sc Ii Acquisition Corp Right 11/26/2030	SCIIR	$49.1K	244,700	0.00%	flat	2q	HELD
SIM Acquisition I Corp	SIMAW	$48.3K	172,500	0.00%	flat	8q	HELD
K2 CAP ACQUISITION CORP	KTWOR	$48.0K	234,018	0.00%	flat	2q	HELD
ARMADA ACQUISITION III EQY WARRANT	AACIW	$47.6K	149,900	0.00%	-	new	NEW
ROMAN DBDR ACQUISITION CORP	DRDBW	$46.7K	190,000	0.00%	flat	6q	HELD
Twelve Seas Invt Co Iii Right 11/21/2030	TWLVR	$46.5K	300,000	0.00%	flat	2q	HELD
Highview Merger Corp	HVMCW	$45.9K	131,144	0.00%	flat	3q	HELD
GLOBA TERRA ACQUISITION COR	GTERR	$45.8K	508,332	0.00%	flat	4q	HELD
Launch One Acquisition Corp	LPAAW	$45.1K	237,500	0.00%	flat	8q	HELD
RRE Ventures Acquisition Corp	RREVW	$44.7K	83,200	0.00%	-	new	NEW
Gesher Acquisition II Corp	GSHRW	$43.1K	149,800	0.00%	flat	5q	HELD
JACKSON ACQUISITION CO II	JACSRT	$42.7K	275,000	0.00%	flat	6q	HELD
MESHFLOW ACQUISITION CO-CL A WRNT 9/16/2030	MESHW	$42.5K	141,600	0.00%	flat	2q	HELD
Pyrophyte Acquisition Corp II	PAIIWS	$42.3K	84,600	0.00%	flat	4q	HELD
GP-ACT III ACQUISITION CORP	GPATW	$42.1K	210,700	0.00%	flat	8q	HELD
ITHAX ACQUISITION CORP III WARRANTS	ITHAW	$42.1K	174,900	0.00%	flat	2q	HELD
DAEDALUS SPECIAL ACQUIS-CL A WRNT 9/17/2030	DSACW	$41.9K	69,900	0.00%	flat	2q	HELD
RANGE CAP ACQUISITION CORP I	RNGTW	$41.8K	122,800	0.00%	flat	3q	HELD
Oxley Bridge Acquisition Ltd	OBAWW	$41.4K	187,000	0.00%	flat	4q	HELD
Energy Transition Special Opportunities	ETSSWS	$41.2K	137,400	0.00%	-	new	NEW
Hennessy Capital Investment Corp. VIII	HCICR	$40.8K	250,000	0.00%	-	new	NEW
General Purpose Acquisition Corp	GPACW	$40.6K	144,900	0.00%	flat	2q	HELD
X3 Acquisition Corp Ltd	XCBEW	$40.5K	149,900	0.00%	flat	2q	HELD
Oyster Enterprises Ii Acquis Right 05/22/2030	OYSER	$40.5K	300,000	0.00%	flat	4q	HELD
GENERAL CATALYST GBL RESIL M	GCGRW	$39.5K	40,300	0.00%	-	new	NEW
Xsolla SPAC 1	XSLLW	$39.3K	175,100	0.00%	flat	2q	HELD
FG Imperii Acquisition Corp	FGIIW	$38.9K	155,800	0.00%	flat	2q	HELD
ARTIUS II ACQUISITION INC	AACBR	$38.9K	185,000	0.00%	flat	5q	+5.7%+$2.1K
HCM IV ACQUISITION CORP	HACQW	$38.4K	71,100	0.00%	-	new	NEW
Andretti Acquisition Corp II	POLEW	$38.2K	181,735	0.00%	flat	7q	HELD
Trg Latin Amer Acquis Corp Right 02/20/2031	TRGSR	$37.8K	210,000	0.00%	-	new	NEW
Metals Acquisition Corp II	MTALWS	$37.3K	33,900	0.00%	-	new	NEW
CH4 Natural Solutions Corp	MTNEWS	$37.1K	112,400	0.00%	-	new	NEW
FutureCrest Acquisition Corp	FCRSWS	$37.0K	43,500	0.00%	flat	3q	HELD
ILLUMINATION ACQUISITIO CORP	ILLUW	$36.3K	75,600	0.00%	-	new	NEW
CSLM DIGITA ASSET ACQ CORP I	KOYNW	$35.9K	174,900	0.00%	flat	3q	HELD
CAMBRIDGE ACQUISITION EQY WARRANTS	CAQUW	$35.0K	116,500	0.00%	-	new	NEW
NMP ACQUISITION CORP	NMPAR	$34.4K	173,985	0.00%	flat	4q	HELD
Lafayette Digital Acquisition Corp I	ZKPW	$34.0K	99,900	0.00%	flat	2q	HELD
Oceanhawk Acquisition Corp Right 05/19/2031	OHACR	$33.1K	125,000	0.00%	-	new	NEW
AA MISSION ACQUISITION CORP	YCYWS	$33.0K	150,000	0.00%	flat	3q	HELD
D Boral Acquisition I Corp	DBCAW	$32.9K	86,700	0.00%	flat	2q	HELD
Talon Capital Corp	TLNCW	$32.1K	45,200	0.00%	flat	3q	HELD
ABONY ACQUISITION I EQY WARRANTS	AACOW	$32.0K	66,600	0.00%	-	new	NEW
Centurion Acquisition Corp	ALFUW	$31.8K	137,551	0.00%	flat	8q	HELD
Crown Resv Acquisition Corp Right 10/06/2030	CRACR	$31.5K	197,300	0.00%	flat	3q	HELD
Churchill Capital Corp IX	CCIXW	$31.2K	40,000	0.00%	flat	8q	-64.9%-$57.8K

Showing the largest 400 of 477 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
Holding & Investment	$527.0M	46.2%
Banks & Lending	$228.3M	20.0%
Transport & Logistics	$81.0M	7.1%
Energy	$46.5M	4.1%
Insurance	$39.2M	3.4%
Telecom & Media	$33.2M	2.9%
Software & IT Services	$26.3M	2.3%
Other sectors	$40.4M	3.5%
Not classified	$117.6M	10.3%

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	+2.6%	+14.8%	-12.2%	96%
Q1 2026	+0.1%	-4.6%	+4.8%	95%
Q4 2025	+1.3%	+2.4%	-1.1%	96%
Q3 2025	+1.9%	+7.8%	-5.9%	96%
Q2 2025	+6.7%	+10.5%	-3.8%	89%
Q1 2025	+3.0%	-4.6%	+7.5%	85%
Q4 2024	+1.7%	+2.1%	-0.4%	77%
Q3 2024	+0.6%	+5.4%	-4.8%	79%

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	$1.1B	477	117	23	55	64	44.1%	42
Q1 2026	$902.0M	424	139	45	108	59	37.4%	44
Q4 2025	$874.4M	344	104	33	87	44	42.4%	41
Q3 2025	$628.5M	284	95	39	38	44	36.3%	44
Q2 2025	$453.9M	233	91	12	74	65	44.4%	45
Q1 2025	$230.9M	207	55	19	36	47	34.8%	43
Q4 2024	$180.6M	199	50	15	100	105	43.7%	41
Q3 2024	$192.4M	254	42	7	84	113	42.9%	43
Q2 2024	$295.0M	325	21	10	210	105	32.9%	44
Q1 2024	$395.9M	409	50	31	99	124	27.5%	43
Q4 2023	$592.8M	483	46	71	100	167	21.0%	44
Q3 2023	$884.2M	604	46	96	86	131	15.4%	37
Q2 2023	$1.3B	689	32	150	108	128	13.6%	45
Q1 2023	$2.2B	785	72	260	108	216	9.8%	42
Q4 2022	$2.3B	929	64	336	195	282	7.0%	44
Q3 2022	$3.4B	1,147	80	377	239	90	5.5%	39
Q2 2022	$3.7B	1,157	183	150	64	176	5.6%	46
Q1 2022	$3.9B	1,150	381	146	145	195	5.5%	46
Q4 2021	$3.7B	964	331	206	108	239	6.6%	45
Q3 2021	$3.4B	872	294	141	105	164	6.5%	43
Q2 2021	$3.1B	742	265	168	104	93	6.7%	44
Q1 2021	$2.5B	570	453	46	42	227	11.8%	44
Q4 2020	$1.9B	344	204	40	68	156	19.5%	41
Q3 2020	$1.4B	296	131	37	59	75	20.4%	33
Q2 2020	$1.1B	240	76	72	53	78	23.8%	42
Q1 2020	$822.7M	242	47	54	42	43	21.5%	44
Q4 2019	$830.0M	238	53	58	44	41	19.0%	45
Q3 2019	$770.6M	226	46	52	37	29	19.2%	37
Q2 2019	$697.1M	209	70	56	43	35	22.1%	33
Q1 2019	$579.9M	174	36	67	17	39	20.8%	32
Q4 2018	$536.3M	177	0	0	0	0	23.6%	44

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.