K2 PRINCIPAL FUND, L.P.

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

CIK

1461790

Reported value

$1.4B

Positions

462

Top 10 weight

19.0%

Filed

2026-08-07

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
SPDR GOLD TR OPT	GLD	$89.4M	32,180	6.55%	-2.11pp	10q	+120.4%+$48.9M
AAUC 8 3/4 09/07/28		$26.2M	15,973	1.92%	-	new	DEBT
VANECK ETF TRUST OPT	GDXJ	$25.1M	options only	1.84%	+0.39pp	4q	OPTIONS
STATE STR SPDR S&P 500 ETF T OPT	SPY	$20.0M	options only	1.47%	-4.42pp	3q	OPTIONS
PAR TECHNOLOGY CORP		$17.1M	13,900	1.25%	+0.20pp	2q	DEBT
AVT 1.750 09/01/30 CVT PUT		$16.8M	12,000	1.23%	-	new	DEBT
AST SPACEMOBILE INC		$16.7M	10,500	1.23%	+0.14pp	4q	DEBT
CLOUDFLARE INC		$16.5M	13,000	1.21%	-	new	DEBT
GLOBAL X FDS OPT	COPX	$16.2M	options only	1.18%	+0.10pp	3q	OPTIONS
STRATEGY INC		$15.4M	15,000	1.13%	-	new	DEBT
ABIVAX SA OPT	ABVX	$14.6M	24,403	1.07%	+0.57pp	3q	-54.6%-$17.5M
ON SEMICONDUCTOR CORP		$14.5M	12,000	1.06%	-	new	DEBT
WAYFAIR INC		$14.3M	9,349	1.05%	-	new	DEBT
GAMESTOP CORP		$14.3M	14,000	1.04%	-	new	DEBT
PENNYMAC FINL SVCS INC NEW	PFSI	$13.9M	159,766	1.02%	+0.53pp	4q	+97.2%+$6.9M
GLNGX 2.750 12/15/30 CVT		$13.7M	12,000	1.01%	+0.01pp	3q	DEBT
ISHARES SILVER TR OPT	SLV	$13.6M	options only	1.00%	-0.36pp	6q	OPTIONS
SOLARIS ENERGY INFRAS INC		$13.0M	8,000	0.95%	-0.10pp	3q	DEBT
MARA HOLDINGS INC		$12.6M	12,500	0.92%	+0.15pp	3q	DEBT
I-80 GOLD CORP		$12.2M	11,000	0.90%	+0.12pp	2q	DEBT
RUBRIK INC.		$12.2M	12,000	0.90%	-	new	DEBT
DROPBOX INC		$12.1M	12,000	0.89%	+0.09pp	3q	DEBT
VIRGIN GALACTIC		$12.0M	12,500	0.88%	-	new	DEBT
LUCID GROUP INC		$12.0M	12,500	0.88%	+0.06pp	4q	DEBT
CRWV 1.750 12/01/31 CVT		$11.9M	10,000	0.88%	+0.31pp	2q	DEBT
SUNRUN INC		$11.9M	10,000	0.87%	+0.21pp	5q	DEBT
FRESHPET INC		$11.7M	10,000	0.85%	+0.36pp	3q	DEBT
ETSY INC		$11.6M	10,000	0.85%	-	new	DEBT
DAUCH CORP OPT	DCH	$11.3M	1,297,209	0.83%	+0.16pp	4q	+9.5%+$979.4K
FREEPORT-MCMORAN INC OPT	FCX	$11.1M	options only	0.81%	-0.03pp	21q	OPTIONS
CERENCE INC		$11.1M	12,000	0.81%	-0.03pp	4q	DEBT
PEB 1 5/8 01/15/30		$10.8M	8,000	0.79%	+0.36pp	2q	DEBT
AKAMAI TECHNOLOGIES INC		$10.7M	9,000	0.79%	+0.15pp	2q	DEBT
ELECTRONIC ARTS INC OPT	EA	$10.4M	options only	0.76%	+0.69pp	2q	OPTIONS
SOUTHERN CO		$10.1M	10,000	0.74%	-	new	DEBT
SNAP INC		$10.0M	10,000	0.73%	+0.04pp	5q	DEBT
WIXX 09/15/30 CVT		$9.9M	13,000	0.73%	-0.11pp	2q	DEBT
Live Nation Entertainment Inc		$9.9M	9,000	0.73%	-	new	DEBT
UPSTART HLDGS INC		$9.9M	10,000	0.73%	+0.04pp	8q	DEBT
COINBASE GLOBAL INC		$9.9M	11,000	0.72%	+0.01pp	5q	DEBT
ISHARES TR OPT	IJR	$9.8M	options only	0.72%	+0.46pp	3q	OPTIONS
BOX INC		$9.8M	10,000	0.72%	+0.07pp	4q	DEBT
BLACKSKY TECHNOLOGY INC		$9.7M	7,507	0.71%	+0.07pp	4q	DEBT
UBER TECHNOLOGIES INC		$9.6M	8,000	0.70%	+0.03pp	3q	DEBT
BITDEER TECHNO		$9.6M	7,000	0.70%	+0.21pp	4q	DEBT
ALPHABET INC	GOOG	$9.5M	26,773	0.69%	+0.03pp	10q	-19.4%-$2.3M
T1 ENERGY INC		$9.4M	5,500	0.69%	-	new	DEBT
MUVICO LLC		$9.2M	11,345	0.67%	+0.16pp	4q	DEBT
VIRGIN GALACTIC		$9.1M	10,184	0.66%	-	new	DEBT
T1 ENERGY INC		$9.0M	5,250	0.66%	+0.46pp	3q	DEBT
MARRIOTT VACATIONS WORLDWIDE		$8.9M	9,000	0.65%	+0.05pp	3q	DEBT
MARA HOLDINGS INC		$8.7M	9,000	0.64%	+0.06pp	3q	DEBT
DENISON MINES CORP		$8.5M	6,000	0.63%	-0.03pp	3q	DEBT
DATADOG INC		$8.5M	6,000	0.62%	+0.42pp	2q	DEBT
SUNOCOCORP LLC	SUNC	$8.3M	122,821	0.61%	+0.16pp	3q	+16.9%+$1.2M
GALAXY DIG HO LP		$8.1M	5,500	0.60%	+0.16pp	4q	DEBT
OPENDOOR TECHNOL		$8.1M	8,150	0.59%	+0.07pp	4q	DEBT
FLUOR CORP		$7.9M	6,000	0.58%	+0.07pp	4q	DEBT
THE REALREAL INC		$7.6M	8,500	0.56%	+0.03pp	3q	DEBT
20464UAA8		$7.6M	7,000	0.56%	-	new	DEBT
ARRAY TECHNOLOGIES INC		$7.5M	6,000	0.55%	+0.29pp	3q	DEBT
PEBBLEBROOK HOTEL TR		$7.4M	7,473	0.54%	+0.03pp	5q	DEBT
VIZSLA SILVER CORP		$7.3M	7,210	0.53%	+0.03pp	3q	DEBT
Clear Channel Outdoor Holdings Inc		$7.3M	7,275	0.53%	+0.02pp	2q	DEBT
STRATEGY INC		$7.2M	7,000	0.52%	-0.04pp	3q	DEBT
STRATEGY INC		$7.1M	8,000	0.52%	+0.04pp	2q	DEBT
BORGWARNER INC OPT	BWA	$7.1M	101,430	0.52%	-	new	NEW
T1 ENERGY INC OPT	TE	$6.6M	options only	0.48%	+0.44pp	2q	OPTIONS
COLLIERS INTL GROUP INC	CIGI	$6.5M	69,557	0.48%	-	new	NEW
PELOTON INTERACTIVE INC		$6.5M	4,000	0.47%	+0.10pp	2q	DEBT
ISHARES TR OPT	EFA	$6.2M	options only	0.46%	-	new	OPTIONS
PAPA JOHNS INTL INC OPT	PZZA	$6.0M	109,300	0.44%	+0.28pp	2q	+49.3%+$2.0M
RIOT PLATFORMS INC		$6.0M	3,000	0.44%	+0.20pp	3q	DEBT
RAYONIER ADVANCED MATLS INC OPT	RYAM	$5.9M	615,738	0.44%	-0.47pp	4q	+92.2%+$2.8M
UNIQURE NV OPT	QURE	$5.9M	78,601	0.43%	+0.13pp	2q	-33.7%-$3.0M
XPONENTIAL FITNESS INC OPT	XPOF	$5.9M	537,923	0.43%	+0.18pp	6q	-10.3%-$677.1K
GUIDEWIRE SOFTWARE INC		$5.8M	6,000	0.42%	+0.01pp	2q	DEBT
APPLOVIN CORP	APP	$5.7M	11,079	0.42%	+0.14pp	5q	+10.0%+$520.9K
EVOLV TECHNOLOGIES HLDNGS IN OPT	EVLV	$5.7M	663,392	0.42%	-	new	NEW
ARCHIMEDES TECH SPAC PARTNER	ATII	$5.7M	526,227	0.42%	+0.35pp	5q	+498.7%+$4.7M
MARA HOLDINGS INC		$5.6M	6,000	0.41%	+0.01pp	12q	DEBT
977852AK8		$5.6M	5,051	0.41%	-	new	DEBT
ARRAY TECHNOLOGIES INC		$5.6M	6,000	0.41%	+0.22pp	3q	DEBT
FIRST SOLAR INC	FSLR	$5.5M	23,500	0.41%	-0.04pp	7q	-27.7%-$2.1M
COHEN CIRCLE ACQUISIT CORP I	CCII	$5.5M	530,739	0.40%	+0.12pp	4q	+33.0%+$1.4M
BRITISH AMERN TOB PLC OPT	BTI	$5.4M	38,000	0.40%	-0.05pp	5q	-36.3%-$3.1M
REDDIT INC OPT	RDDT	$5.4M	26,913	0.39%	+0.23pp	4q	+52.9%+$1.9M
UNITED STS OIL FD LP OPT	USO	$5.3M	options only	0.39%	-	new	OPTIONS
44988FAF7		$5.3M	5,000	0.39%	-	new	DEBT
NEKTAR THERAPEUTICS OPT	NKTR	$5.3M	50,465	0.39%	-	new	NEW
PLUG 6 3/4 12/01/33		$5.2M	3,875	0.38%	+0.08pp	2q	DEBT
INVESCO QQQ TR OPT	QQQ	$5.2M	options only	0.38%	-0.47pp	4q	OPTIONS
MICROSOFT CORP OPT	MSFT	$5.1M	11,638	0.37%	+0.22pp	2q	+94.0%+$2.5M
25400QAA3		$4.8M	5,000	0.35%	-	new	DEBT
NORFOLK SOUTHN CORP	NSC	$4.7M	14,991	0.35%	+0.06pp	4q	+6.4%+$283.1K
AMERICAN EXCEPTIONALISM ACQU OPT	AEXA	$4.6M	237,265	0.34%	+0.15pp	4q	+28.5%+$1.0M
SKYWATER TECHNOLOGY INC	SKYT	$4.6M	130,705	0.33%	+0.23pp	2q	+139.2%+$2.6M
WILLOW LANE ACQUISITION CRP		$4.5M	439,328	0.33%	-	new	NEW
GAMESTOP CORP OPT	GME	$4.4M	options only	0.32%	-0.41pp	3q	OPTIONS
KENVUE INC	KVUE	$4.4M	229,093	0.32%	-	new	NEW
RE MAX HLDGS INC	RMAX	$4.3M	434,766	0.31%	-	new	NEW
NORTHERN OIL & GAS INC		$4.2M	4,425	0.31%	-	new	DEBT
PAPA JOHN'S INTERNATIONA		$4.1M	4,250	0.30%	+0.17pp	2q	DEBT
ISHARES BITCOIN TRUST ETF	IBIT	$4.1M	122,542	0.30%	-0.06pp	10q	-8.4%-$375.5K
GREENFIRE RES LTD NEW	GFR	$4.1M	720,740	0.30%	+0.01pp	6q	+9.8%+$363.3K
COLUMBUS CIRCLE CAP CORP II	CMII	$4.1M	400,000	0.30%	+0.07pp	2q	+18.5%+$634.6K
ARES ACQUISITION CORP III	AAC-UN	$4.0M	400,000	0.29%	-	new	NEW
UPWORK INC		$4.0M	4,000	0.29%	+0.02pp	9q	DEBT
CLEANSPARK INC		$3.9M	3,000	0.29%	+0.09pp	3q	DEBT
OAKTREE ACQUISITION CORP III	OACC	$3.9M	365,900	0.29%	+0.14pp	7q	+87.4%+$1.8M
LIBERTY LIVE HOLDINGS INC	LLYVA	$3.8M	37,843	0.28%	-	new	NEW
GUARDANT HEALTH INC		$3.7M	3,000	0.27%	+0.06pp	5q	DEBT
IMAX CORP	IMAX	$3.7M	93,100	0.27%	-	new	NEW
METALLA RTY & STREAMING LTD	MTA	$3.7M	479,760	0.27%	+0.23pp	3q	+486.8%+$3.0M
97717PAJ3		$3.6M	2,973	0.26%	-	new	DEBT
ARS PHARMACEUTICALS INC OPT	SPRY	$3.4M	375,132	0.25%	-0.07pp	17q	-33.0%-$1.7M
LCI INDS		$3.4M	3,000	0.25%	-	new	DEBT
METALS ACQUISITION CORP II	MTAL-WT	$3.4M	332,197	0.25%	-	new	NEW
CANTOR EQUITY PARTNERS IV IN	CEPF	$3.3M	318,199	0.24%	+0.06pp	4q	+23.2%+$622.5K
ENERGY FUELS INC		$3.1M	3,000	0.23%	-0.02pp	2q	DEBT
PERIMETER ACQUISITION CORP I	PMTR	$3.1M	297,237	0.23%	+0.01pp	5q	HELD
ARCHIMEDES TECH SPAC PTNRS I	ARCI	$3.1M	308,333	0.23%	+0.02pp	2q	+2.9%+$88.1K
OTG ACQUISITION CORP. I	OTGA	$3.0M	300,000	0.22%	-	new	NEW
DIGITALBRIDGE GROUP INC	DBRG	$3.0M	190,000	0.22%	+0.02pp	3q	HELD
CORE SCIENTIFIC INC NEW	CORZW	$3.0M	158,192	0.22%	+0.12pp	8q	HELD
Organon & Co / Organon Foreign Debt Co-Issuer BV		$3.0M	3,000	0.22%	-	new	DEBT
INFINITE EAGLE ACQUISITION C	IEAG	$2.9M	288,400	0.21%	flat	2q	-3.9%-$117.4K
ASML HLDG NV	ASML	$2.9M	1,464	0.21%	+0.08pp	2q	-2.4%-$71.6K
KEYSTONE ACQUISITION CORP		$2.9M	293,023	0.21%	-	new	NEW
SERITAGE GROWTH PPTYS	SRG	$2.8M	1,081,400	0.21%	flat	18q	HELD
JENA ACQUISITION CORP II	JENA	$2.8M	273,000	0.21%	+0.01pp	4q	HELD
INFLECTION PT ACQUISIT CORP		$2.8M	271,366	0.21%	-	new	NEW
PROCAP FINANCIAL INC		$2.8M	3,000	0.20%	+0.09pp	3q	DEBT
TALON CAP CORP	TLNC	$2.7M	260,000	0.20%	+0.02pp	3q	+4.0%+$103.1K
BOLD EAGLE ACQUISITION CORP	BEAG	$2.7M	250,000	0.20%	-0.03pp	7q	-18.5%-$607.9K
CRANE HBR ACQUISITION CORP I	CRAN	$2.7M	262,019	0.19%	+0.13pp	2q	+162.0%+$1.6M
HCM III ACQUISITION CORP	HCMA	$2.6M	253,936	0.19%	+0.05pp	4q	+27.0%+$554.5K
PROCAP FINL INC	BRR	$2.6M	1,675,800	0.19%	-0.04pp	2q	+7.9%+$189.3K
NEWHOLD INVTS CORP IV		$2.6M	250,000	0.19%	-	new	NEW
CORE SCIENTIFIC INC NEW OPT	CORZ	$2.6M	options only	0.19%	+0.08pp	2q	OPTIONS
OR ROYALTIES INC.	OR	$2.5M	80,000	0.19%	-0.03pp	2q	HELD
FORTRESS VALUE ACQU CORP V	FVAV	$2.5M	250,000	0.19%	-	new	NEW
CAL REDWOOD ACQUISITION CORP	CRAQ	$2.5M	243,140	0.18%	+0.03pp	5q	+13.1%+$289.5K
ENTEGRIS INC	ENTG	$2.5M	13,739	0.18%	-	new	NEW
CHURCHILL CAP CORP XI	CCXI	$2.5M	140,403	0.18%	-	new	NEW
AMAZON COM INC OPT	AMZN	$2.4M	9,259	0.18%	-0.06pp	9q	-42.6%-$1.8M
GFL ENVIRONMENTAL INC	GFL	$2.4M	65,300	0.18%	-	new	NEW
PAR TECHNOLOGY CORP		$2.4M	2,500	0.17%	+0.01pp	6q	DEBT
QORVO INC	QRVO	$2.3M	24,836	0.17%	+0.09pp	2q	+71.5%+$965.9K
CANTOR EQUITY PARTNERS VII I	CAES	$2.3M	226,200	0.17%	-	new	NEW
GALAXY DIG HO LP		$2.3M	2,000	0.17%	+0.02pp	4q	DEBT
BROOKFIELD RENEWABLE ENERGY	BEP	$2.3M	65,400	0.17%	-0.12pp	3q	-48.0%-$2.1M
NOKIA CORP	NOK	$2.3M	170,300	0.17%	+0.15pp	2q	+386.6%+$1.8M
CH4 NATURAL SOLUTIONS CORP	MTNE-UN	$2.2M	227,188	0.16%	-	new	NEW
ROYAL GOLD INC	RGLD	$2.1M	10,625	0.16%	-0.03pp	3q	HELD
SPACE ASSET ACQUISITION CORP	SAAQ	$2.1M	207,061	0.15%	+0.01pp	2q	-2.4%-$52.0K
C7373NAA8		$2.1M	2,000	0.15%	-	new	DEBT
TEUCRIUM COMMODITY TR OPT	CORN	$2.1M	options only	0.15%	-	new	OPTIONS
PAR TECHNOLOGY CORP		$2.1M	2,583	0.15%	+0.01pp	2q	DEBT
NET LEASE OFFICE PROPERTIES	NLOP	$2.1M	186,702	0.15%	+0.02pp	10q	+16.5%+$294.0K
FUTURECREST ACQUISITION CORP	FCRS	$2.1M	200,872	0.15%	+0.08pp	3q	+100.9%+$1.0M
BAIN CAP GSS INVT CORP	BCSS	$2.1M	200,000	0.15%	+0.01pp	2q	HELD
COLOMBIER ACQUISITION CORP I	CLBR	$2.0M	200,000	0.15%	-0.11pp	2q	-46.3%-$1.8M
VIKING ACQUISITION CORP I	VACI	$2.0M	200,301	0.15%	+0.03pp	3q	+17.6%+$306.6K
EQV VENTURES AC CORP. II	EVAC	$2.0M	200,000	0.15%	+0.01pp	4q	HELD
GORES HOLDINGS XI INC	GHXIU	$2.0M	200,000	0.15%	-	new	NEW
YORKVILLE INTL CAP CORP		$2.0M	200,000	0.15%	-	new	NEW
LAM RESEARCH CORP	LRCX	$2.0M	4,631	0.15%	+0.12pp	2q	+131.5%+$1.1M
Clear Channel Outdoor Holdings Inc		$2.0M	2,000	0.15%	+0.01pp	2q	DEBT
SPARTACUS ACQUISITION CORP I		$2.0M	200,000	0.15%	-	new	NEW
KRAKACQUISITION CORPORATION	KRAQ	$2.0M	200,000	0.15%	-	new	NEW
IRENIC ACQUISITION CORP	IACQU	$2.0M	200,000	0.15%	-	new	NEW
GENERAL CATALYST GBL RESIL M		$2.0M	198,000	0.15%	-	new	NEW
D BORAL ACQUISITION I CORP	DBCA	$2.0M	200,000	0.15%	-0.04pp	2q	-27.6%-$759.9K
PERCEPTIVE CAP SOLUTIONS COR	PCSC	$2.0M	182,124	0.15%	-	new	NEW
OCEANHAWK ACQUISITION CORP	OHACR	$2.0M	200,000	0.15%	-	new	NEW
SUMA ACQUISITION CORP	SUMAR	$2.0M	198,490	0.14%	-	new	NEW
TPG INC OPT	TPG	$1.9M	options only	0.14%	-	new	OPTIONS
BITZERO HOLDINGS INC	AIBZ	$1.9M	282,631	0.14%	-	new	NEW
VISTRA CORP	VST	$1.9M	12,085	0.14%	-0.13pp	3q	-53.2%-$2.2M
COMPASS PATHWAYS PLC	CMPS	$1.9M	135,100	0.14%	-	new	NEW
DANA INC OPT	DAN	$1.8M	options only	0.13%	-	new	OPTIONS
FRANCO NEV CORP	FNV	$1.8M	8,625	0.13%	-0.02pp	4q	HELD
KPET ULTRA PACELINE CORP	KPET-WT	$1.8M	175,998	0.13%	-	new	NEW
AVERIN CAP ACQUISITION CORP		$1.6M	162,984	0.12%	-	new	NEW
WAYFAIR INC OPT	W	$1.6M	options only	0.12%	+0.02pp	2q	OPTIONS
MKS INC.	MKSI	$1.6M	3,500	0.11%	-	new	NEW
CARVANA CO OPT	CVNA	$1.5M	3,435	0.11%	-	new	NEW
SPDR SERIES TRUST OPT	KIE	$1.5M	options only	0.11%	+0.02pp	2q	OPTIONS
ALUSSA ENERGY ACQUISIT CORP	ALUB	$1.5M	150,000	0.11%	+0.01pp	2q	HELD
HCM IV ACQUISITION CORP		$1.5M	150,000	0.11%	-	new	NEW
KARBON CAP PARTNERS CORP	KBON	$1.5M	148,548	0.11%	-	new	NEW
RENATUS TACTICAL ACQUIS	RTAC	$1.5M	141,290	0.11%	+0.02pp	5q	+9.1%+$124.0K
ELEMENT SOLUTIONS INC	ESI	$1.4M	30,284	0.11%	-0.01pp	2q	-37.7%-$874.6K
CHURCHILL CAP CORP XII		$1.4M	133,130	0.10%	-	new	NEW
WEN ACQUISITION CORP	WENN	$1.4M	137,623	0.10%	+0.03pp	4q	+37.6%+$387.1K
00971TAR2		$1.4M	1,500	0.10%	-	new	DEBT
META PLATFORMS INC	META	$1.4M	2,500	0.10%	-	new	NEW
KEYSIGHT TECHNOLOGIES INC	KEYS	$1.4M	4,000	0.10%	+0.07pp	2q	+150.0%+$840.2K
AMC ENTERTAINMENT		$1.4M	1,400	0.10%	-	new	DEBT
SELECT SECTOR SPDR TR OPT	XLF	$1.3M	options only	0.10%	-	new	OPTIONS
IRON DOME ACQUISITION I CORP	IDACU	$1.3M	131,528	0.10%	-	new	NEW
SOLSTICE ADVANCED MATLS INC	SOLS	$1.3M	14,938	0.10%	-0.35pp	3q	-39.4%-$860.5K
BROADCOM INC	AVGO	$1.3M	3,500	0.10%	+0.05pp	2q	+62.8%+$510.0K
VOX ROYALTY CORP	VOXR	$1.3M	273,662	0.09%	-0.01pp	4q	-4.6%-$62.3K
BLACKSTONE INC OPT	BX	$1.3M	options only	0.09%	-	new	OPTIONS
ISHARES TR OPT	INDA	$1.2M	options only	0.09%	-	new	OPTIONS
SILVERBOX CORP V	SBXE	$1.2M	120,000	0.09%	-0.08pp	2q	-50.7%-$1.2M
STAGWELL INC OPT	STGW	$1.2M	61,619	0.09%	-0.09pp	2q	-73.1%-$3.3M
KYIVSTAR GROUP LTD	KYIVW	$1.2M	185,753	0.09%	+0.02pp	4q	-30.7%-$526.7K
GOLD ROYALTY CORP	GROYWS	$1.2M	1,183,387	0.09%	-0.05pp	9q	HELD
ADEIA INC	ADEA	$1.2M	35,406	0.09%	-	new	NEW
ORLA MNG LTD NEW	ORLA	$1.1M	116,828	0.08%	-	new	NEW
SELECT SECTOR SPDR TR OPT	XLU	$1.1M	options only	0.08%	-	new	OPTIONS
FLEX LTD	FLEX	$1.1M	6,900	0.08%	flat	2q	-62.7%-$1.9M
POWERFLEET INC OPT	AIOT	$1.1M	231,722	0.08%	-0.02pp	5q	-46.4%-$932.7K
LIONHEART HOLDINGS	CUB	$1.1M	100,000	0.08%	-	new	NEW
TEXAS VENTURES ACQUISITION I	TVA	$1.1M	101,251	0.08%	-	new	NEW
MGM RESORTS INTERNATIONAL	MGM	$1.1M	22,102	0.08%	+0.05pp	2q	HELD
KOCHAV DEFENSE ACQUI CO	KCHV	$1.0M	100,000	0.08%	flat	4q	HELD
CHAMPION IRON CANADA INC		$1.0M	1,000	0.08%	flat	4q	DEBT
BLUE WTR ACQUISITION CORP. I	BLUW	$1.0M	100,000	0.08%	flat	4q	HELD
CANTOR EQUITY PARTNERS V INC	CEPV	$1.0M	100,000	0.08%	+0.01pp	3q	HELD
SHOPIFY INC OPT	SHOP	$1.0M	options only	0.08%	-0.41pp	2q	OPTIONS
SILVER PEGASUS ACQUISITION C	SPEG	$1.0M	100,000	0.08%	flat	4q	HELD
1RT ACQUISITION CORP.	ONCH	$1.0M	100,000	0.08%	flat	4q	HELD
SPRING VY ACQUISITION CORP I	SVIV	$1.0M	100,000	0.07%	+0.01pp	2q	HELD
ONEIM ACQUISITION CORP	OIMAU	$1.0M	100,000	0.07%	-	new	NEW
FUTURECORP SPACE ACQUISITION	FTRA-UN	$1.0M	100,000	0.07%	-	new	NEW
UBER TECHNOLOGIES INC OPT	UBER	$1.0M	options only	0.07%	-0.52pp	2q	OPTIONS
SAFEGUARD ACQUISITION CORP	SAC	$1.0M	100,000	0.07%	flat	2q	HELD
QDRO ACQUISITION CORP	QADRU	$1.0M	100,491	0.07%	-0.06pp	2q	-49.7%-$993.1K
KENSINGTON CAP ACQUISITION		$1.0M	100,000	0.07%	-	new	NEW
SNOW ROTHSCHILD ACQUISITION	ISNRW	$1.0M	100,000	0.07%	-	new	NEW
BROOKFIELD INFRASTRUCTURE PA	BIP	$999.8K	27,400	0.07%	-0.02pp	3q	-28.3%-$394.1K
VINE HILL CAP INVTS CORP II	VHCP	$998.0K	100,000	0.07%	flat	2q	HELD
ACP HOLDINGS ACQUISITION COR		$994.0K	100,000	0.07%	-	new	NEW
QUANTUM LEAP ACQUISITION COR		$993.0K	100,000	0.07%	-	new	NEW
BLUE WTR ACQUISITION CORP IV		$990.0K	100,000	0.07%	-	new	NEW
TRG LATIN AMER ACQUIS CORP		$989.0K	100,000	0.07%	-	new	NEW
AFFIRM HLDGS INC OPT	AFRM	$978.6K	options only	0.07%	+0.05pp	2q	OPTIONS
STMICROELECTRONICS N V	STM	$973.6K	13,000	0.07%	-	new	NEW
REGAL REXNORD CORPORATION	RRX	$952.8K	4,000	0.07%	-	new	NEW
HORIZON QUANTUM HOLDINGS LTD	HQ	$943.8K	34,000	0.07%	-	new	NEW
ROGERS COMMUNICATIONS INC	RCI	$942.5K	29,000	0.07%	-	new	NEW
I-80 GOLD CORP	IAUXWS	$931.5K	1,350,000	0.07%	-0.03pp	4q	HELD
ISHARES TR OPT	IGV	$906.0K	options only	0.07%	-0.13pp	2q	OPTIONS
QUALCOMM INC	QCOM	$831.6K	4,500	0.06%	-	new	NEW
STRATEGY INC	STRK	$817.6K	13,900	0.06%	-	new	NEW
CHURCHILL CAP CORP XI	CCXIW	$809.9K	109,301	0.06%	-	new	NEW
CANTOR EQUITY PARTNERS VI IN	CEPS	$777.8K	75,000	0.06%	flat	2q	HELD
ONEIM ACQUISITION CORP	OIM	$777.7K	77,232	0.06%	flat	2q	HELD
AMBARELLA INC	AMBA	$772.2K	9,000	0.06%	-	new	NEW
ENBRIDGE INC	ENB	$758.9K	14,000	0.06%	-	new	NEW
TIC SOLUTIONS INC	TIC	$755.1K	93,340	0.06%	+0.01pp	4q	-12.7%-$109.8K
VALE S A OPT	VALE	$752.0K	options only	0.06%	-0.06pp	2q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$716.4K	1,500	0.05%	+0.03pp	2q	+36.4%+$191.0K
ISHARES INC OPT	EWY	$706.6K	options only	0.05%	-	new	OPTIONS
SYNAPTICS INC	SYNA	$695.7K	5,600	0.05%	-	new	NEW
SILICON VY ACQUISITION CORP	SVAQ	$694.8K	68,865	0.05%	-0.09pp	2q	-65.6%-$1.3M
GENERAL MTRS CO OPT	GM	$693.7K	options only	0.05%	-	new	OPTIONS
SPDR SERIES TRUST OPT	CWB	$690.0K	options only	0.05%	-	new	OPTIONS
M EVO GBL ACQUISITION CORP I	MEVO	$637.3K	64,243	0.05%	flat	2q	HELD
ARCHIMEDES TECH SPAC PARTNER	ATIIW	$614.8K	280,718	0.05%	+0.04pp	5q	+17.0%+$89.4K
CLEVELAND-CLIFFS INC NEW OPT	CLF	$574.7K	16,200	0.04%	-0.14pp	10q	-79.1%-$2.2M
NETFLIX INC OPT	NFLX	$571.2K	options only	0.04%	-0.05pp	2q	OPTIONS
VEON LTD	VEON	$556.3K	10,655	0.04%	-	new	NEW
VANECK ETF TRUST OPT	VNM	$554.1K	options only	0.04%	-	new	OPTIONS
ART TECHNOLOGY ACQUISITION C	ARTC	$539.2K	54,300	0.04%	+0.01pp	2q	+8.6%+$42.7K
LIONSGATE STUDIOS CORP	LION	$536.0K	35,013	0.04%	-0.28pp	4q	-91.7%-$5.9M
ROUNDHILL ETF TRUST		$531.7K	7,200	0.04%	-	new	NEW
LINDE PLC	LIN	$518.9K	1,000	0.04%	-	new	NEW
AMERICAN DRIVE ACQUISITION C	ADAC	$501.0K	50,000	0.04%	-0.03pp	2q	-50.0%-$501.0K
ACTIVATE ENERGY ACQUISIT COR	AEAQ	$500.0K	50,000	0.04%	-0.03pp	2q	-50.0%-$500.0K
TWELVE SEAS INVT CO III	TWLV	$499.5K	50,000	0.04%	-0.03pp	2q	-50.0%-$499.5K
X3 ACQUISITION CORP LTD	XCBE	$499.5K	50,000	0.04%	-0.07pp	2q	-67.9%-$1.1M
HENNESSY CAP INVT CORP VII	HVII	$490.3K	46,922	0.04%	flat	6q	HELD
INFLEQTION INC	INFQWS	$464.9K	67,665	0.03%	+0.01pp	2q	HELD
COLUMBUS MCKINNON CORP N Y OPT	CMCO	$453.9K	options only	0.03%	-0.20pp	3q	OPTIONS
WIX COM LTD OPT	WIX	$453.7K	options only	0.03%	-0.03pp	3q	OPTIONS
ARES MANAGEMENT CORPORATION OPT	ARES	$445.2K	options only	0.03%	-	new	OPTIONS
CHURCHILL CAPITAL CORP IX	CCIXW	$430.2K	551,577	0.03%	-	new	NEW
INSPIRE MED SYS INC OPT	INSP	$428.3K	options only	0.03%	-0.02pp	2q	OPTIONS
CANNABIST CO HLDGS INC		$424.3K	1,326	0.03%	flat	4q	DEBT
COHEN & STEERS INFRASTRUCTUR	UTF	$415.0K	15,043	0.03%	flat	3q	HELD
COLUMBUS CIRCLE CAP CORP II	CMIIW	$414.9K	314,345	0.03%	+0.03pp	2q	+336.7%+$319.9K
UNITED STS BRENT OIL FD LP OPT	BNO	$406.9K	options only	0.03%	-	new	OPTIONS
NEWHOLD INVT CORP III	NHICW	$376.7K	183,767	0.03%	+0.02pp	5q	-46.8%-$331.0K
VISHAY PRECISION GROUP INC	VPG	$374.8K	2,500	0.03%	-	new	NEW
ADAMS DIVERSIFIED EQUITY FD	ADX	$371.0K	14,520	0.03%	flat	7q	-15.5%-$68.2K
ISHARES INC OPT	EWZ	$345.0K	options only	0.03%	-	new	OPTIONS
COHEN CIRCLE ACQUISIT CORP I	CCIIW	$326.7K	460,194	0.02%	flat	4q	+4.7%+$14.7K
ELLSWORTH GROWTH & INCOME FD	ECF	$325.2K	24,619	0.02%	flat	7q	HELD
BLACKROCK ENHANCED EQUITY DI	BDJ	$315.7K	32,984	0.02%	flat	7q	HELD
OUSTER INC	OUST	$312.6K	5,000	0.02%	-	new	NEW
CAMBRIDGE ACQUISITION CORP	CAQ	$305.1K	30,787	0.02%	-	new	NEW
ROYCE SMALL CAP TRUST INC	RVT	$304.8K	16,503	0.02%	flat	8q	HELD
DOCEBO INC	DCBO	$302.5K	16,900	0.02%	-	new	NEW
GORES HLDGS X INC	GTEN	$302.4K	28,993	0.02%	-0.05pp	5q	-71.8%-$770.3K
LULULEMON ATHLETICA INC OPT	LULU	$296.9K	options only	0.02%	-0.09pp	3q	OPTIONS
CLEARFIELD INC	CLFD	$291.3K	7,320	0.02%	-	new	NEW
TEAMSHARES INC	TMSWW	$281.6K	34,254	0.02%	-	new	NEW
NXP SEMICONDUCTORS N V	NXPI	$281.0K	1,000	0.02%	-	new	NEW
PELOTON INTERACTIVE INC OPT	PTON	$267.4K	29,237	0.02%	-0.13pp	7q	-93.8%-$4.0M
BOLD EAGLE ACQUISITION CORP	BEAGR	$264.1K	910,704	0.02%	+0.01pp	7q	HELD
DESTRA MULTI-ALTERNATIVE FD	DMA	$259.6K	34,709	0.02%	flat	7q	HELD
VIKING ACQUISITION CORP I	VACIWS	$256.7K	285,221	0.02%	-	new	NEW
VERSABANK NEW	VBNK	$238.6K	10,280	0.02%	-0.01pp	8q	-65.7%-$457.3K
EAGLE POINT INCOME COMPANY I	EIC	$237.5K	23,584	0.02%	flat	4q	HELD
FRESHPET INC OPT	FRPT	$236.5K	options only	0.02%	-0.11pp	2q	OPTIONS
AIRJOULE TECHNOLOGIES CORP	AIRJW	$232.7K	178,982	0.02%	+0.01pp	3q	+54.4%+$82.0K
WILLOW LANE ACQUISITION CRP		$229.9K	258,280	0.02%	-	new	NEW
ARC GROUP ACQUISITION I CORP		$229.5K	22,500	0.02%	-	new	NEW
CERENCE INC OPT	CRNC	$226.4K	options only	0.02%	-	new	OPTIONS
ISHARES TR OPT	EIDO	$226.2K	options only	0.02%	-	new	OPTIONS
BAIN CAP GSS INVT CORP	BCSSWS	$222.8K	327,717	0.02%	-	new	NEW
TRIPADVISOR INC OPT	TRIP	$205.7K	options only	0.02%	flat	2q	OPTIONS
INFLECTION PT ACQUISIT CORP		$194.9K	103,653	0.01%	-	new	NEW
SABA CAPITAL INCOME & OPPORT	SABA	$189.5K	22,700	0.01%	flat	8q	HELD
EQV VENTURES AC CORP. II	EVACWS	$186.2K	465,445	0.01%	+0.01pp	4q	+120.5%+$101.7K
TIDAL TRUST II OPT	MSTX	$186.0K	options only	0.01%	-	new	OPTIONS
ARRAY TECHNOLOGIES INC OPT	ARRY	$185.2K	options only	0.01%	-	new	OPTIONS
YORKVILLE ACQUISITION CORP.	MCGA	$184.5K	18,075	0.01%	flat	4q	HELD
FS SPECIALTY LENDING FD	FSSL	$184.0K	16,500	0.01%	flat	2q	HELD
EMPERY DIGITAL INC	EMPD	$179.2K	50,327	0.01%	-	new	NEW
OCEANHAWK ACQUISITION CORP		$176.6K	706,216	0.01%	-	new	NEW
NEW AMER ACQUISITION I CORP	NWAX	$174.4K	17,180	0.01%	flat	2q	HELD
PAR TECHNOLOGY CORP OPT	PAR	$174.2K	options only	0.01%	-0.41pp	4q	OPTIONS
ARCHIMEDES TECH SPAC PTNRS I	ARCIW	$154.4K	308,837	0.01%	flat	2q	+9.6%+$13.5K
TENAX THERAPEUTICS INC	TENX	$145.5K	10,000	0.01%	-	new	NEW
TRANSLATIONAL DEV ACQUISITIO	TDACW	$143.5K	101,034	0.01%	+0.01pp	6q	-48.6%-$135.5K
BLUEROCK PVT REAL ESTATE FD	BPRE	$141.8K	10,900	0.01%	flat	2q	HELD
INFLECTION PT ACQUISITION CO	IPCXR	$141.0K	313,384	0.01%	flat	5q	-33.8%-$71.9K
GCT SEMICONDUCTOR HLDG INC	GCTSWS	$139.3K	284,294	0.01%	flat	10q	-51.2%-$146.4K
BERTO ACQUISITION CORP	TACOW	$137.1K	193,127	0.01%	+0.01pp	5q	-30.9%-$61.3K
ART TECHNOLOGY ACQUISITION C	ARTCW	$135.3K	338,240	0.01%	flat	2q	+1.8%+$2.4K
BRERA HOLDINGS PLC		$124.1K	24,525	0.01%	-	new	NEW
QUANTUM LEAP ACQUISITION COR		$123.5K	950,000	0.01%	-	new	NEW
NEW PROVIDENCE ACQUISITION C	NPACW	$120.2K	462,400	0.01%	flat	3q	-4.1%-$5.1K
INFINITE EAGLE ACQUISITION C	IEAGR	$120.1K	600,400	0.01%	flat	2q	+20.0%+$20.0K
MERLIN INC	MRLN	$113.8K	20,000	0.01%	-	new	NEW
TEAMSHARES INC		$111.9K	75,634	0.01%	-	new	NEW
X3 ACQUISITION CORP LTD	XCBEW	$110.6K	409,649	0.01%	flat	2q	+23.1%+$20.8K
GORES HLDGS X INC	GTENW	$108.7K	146,954	0.01%	flat	5q	-7.4%-$8.7K
SPARTACUS ACQUISITION CORP I		$105.7K	220,165	0.01%	-	new	NEW
PERIMETER ACQUISITION CORP I	PMTRW	$105.1K	116,818	0.01%	flat	5q	HELD
CAL REDWOOD ACQUISITION CORP	CRAQR	$104.5K	454,535	0.01%	flat	5q	+13.2%+$12.2K
BLUE ACQUISITION CORP.	BACCR	$101.5K	130,168	0.01%	flat	3q	-64.1%-$181.0K
PYROPHYTE ACQUISITION CORP.	PAIIWS	$99.7K	199,363	0.01%	-	new	NEW
HIGH INCOME SECS FD	PCF	$90.9K	16,617	0.01%	flat	6q	HELD
TALON CAP CORP	TLNCW	$82.8K	116,666	0.01%	flat	3q	HELD
HENNESSY CAP INVT CORP VII	HVIIR	$82.3K	211,027	0.01%	flat	6q	-31.7%-$38.3K
METALS ACQUISITION CORP II		$80.7K	73,399	0.01%	-	new	NEW
SPACE ASSET ACQUISITION CORP	SAAQW	$76.9K	85,438	0.01%	flat	2q	-2.2%-$1.8K
HALL CHADWICK ACQUISITION CO	HCACR	$76.4K	263,548	0.01%	-	new	NEW
FACT II ACQUISITION CORP	FACTW	$76.2K	127,021	0.01%	flat	7q	-30.7%-$33.8K
D BORAL ACQUISITION I CORP	DBCAW	$72.2K	189,922	0.01%	flat	2q	HELD
HIGHLAND OPPS & INCOME FD	HFRO	$71.5K	10,033	0.01%	flat	3q	HELD
LAUNCH TWO ACQUISITION CORP.	LPBBW	$68.7K	196,262	0.01%	flat	7q	-28.1%-$26.8K
SIM ACQUISITION CORP. I	SIMAW	$66.3K	265,272	0.00%	flat	8q	-11.9%-$9.0K
KEYSTONE ACQUISITION CORP		$66.0K	150,000	0.00%	-	new	NEW
GENERAL PURP ACQUISITION COR	GPACW	$64.3K	247,150	0.00%	flat	2q	+147.2%+$38.3K
RITHM ACQUISITION CORP	RACWS	$63.8K	116,000	0.00%	flat	5q	HELD
FORUM MARKETS INC	FRMM	$63.2K	11,644	0.00%	flat	3q	HELD
UNITED ACQUISITION CORP I	UACWS	$62.0K	50,000	0.00%	-	new	NEW
DIGITAL ASSET ACQUISITION CO	DAAQW	$60.7K	159,845	0.00%	flat	5q	HELD
ALDEL FINL II INC	ALDFW	$60.4K	208,269	0.00%	flat	7q	HELD
ONEIM ACQUISITION CORP	OIMAW	$57.9K	72,427	0.00%	flat	2q	HELD
EUREKA ACQUISITION CORP	EURKR	$56.5K	226,185	0.00%	flat	3q	-30.7%-$25.1K
VINE HILL CAP INVTS CORP II	VHCPW	$54.8K	116,666	0.00%	flat	2q	+75.0%+$23.5K
RENATUS TACTICAL ACQUIS	RTACW	$54.8K	72,047	0.00%	flat	5q	+21.3%+$9.6K
SUMA ACQUISITION CORP		$54.0K	200,000	0.00%	-	new	NEW
SIZZLE ACQUISITION CORP. II	SZZLR	$53.3K	333,426	0.00%	flat	5q	-21.4%-$14.5K
JENA ACQUISITION CORP II	JENART	$53.2K	312,735	0.00%	flat	4q	HELD
GRAF GLOBAL CORP	GRAFWS	$52.8K	138,827	0.00%	flat	8q	-11.1%-$6.6K
ZEO ENERGY CORP	ZEOWW	$51.1K	1,277,536	0.00%	flat	10q	HELD
CENTURION ACQUISITION CORP	ALFUW	$48.1K	209,348	0.00%	flat	8q	HELD
STELLAR V CAP CORP	SVCCW	$47.6K	169,960	0.00%	flat	6q	HELD
LIGHTWAVE ACQUISITION CORP	LWACW	$47.1K	156,950	0.00%	flat	3q	HELD
KRAKACQUISITION CORPORATION	KRAQW	$47.0K	100,000	0.00%	-	new	NEW
ALUSSA ENERGY ACQUISIT CORP	ALUBWS	$46.7K	116,666	0.00%	flat	2q	HELD
IRENIC ACQUISITION CORP		$45.8K	83,333	0.00%	-	new	NEW
M EVO GBL ACQUISITION CORP I	MEVOW	$43.7K	118,232	0.00%	flat	2q	+172.2%+$27.7K
REPUBLIC DIGITAL ACQUISITION	RDAGW	$43.6K	121,067	0.00%	flat	5q	HELD
RANGE CAP ACQUISITION CORP I	RNGTW	$41.5K	122,200	0.00%	flat	3q	HELD
COLOMBIER ACQUISITION CORP I	CLBRWS	$40.3K	50,400	0.00%	flat	2q	HELD
CH4 NATURAL SOLUTIONS CORP		$40.2K	121,744	0.00%	-	new	NEW
WEN ACQUISITION CORP	WENNW	$39.6K	113,158	0.00%	flat	4q	HELD
LIONHEART HOLDINGS	CUBWW	$38.6K	104,270	0.00%	flat	8q	-52.8%-$43.2K
FOLD HLDGS INC	FLDDW	$38.1K	380,780	0.00%	flat	6q	HELD
OAKTREE ACQUISITION CORP III	OACCW	$37.9K	40,369	0.00%	flat	7q	+3.4%+$1.2K
ACP HOLDINGS ACQUISITION COR		$37.5K	125,000	0.00%	-	new	NEW
CHURCHILL CAP CORP XII		$37.3K	21,963	0.00%	-	new	NEW
CRANE HBR ACQUISITION CORP I	CRANR	$37.3K	169,630	0.00%	flat	2q	+69.6%+$15.3K
TITAN ACQUISITION CORP	TACHW	$35.2K	54,150	0.00%	flat	5q	-55.5%-$43.9K
ALGOMA STL GROUP INC	ASTLW	$34.5K	690,879	0.00%	flat	8q	HELD
BLUE WTR ACQUISITION CORP IV		$34.0K	100,000	0.00%	-	new	NEW
SIDDHI ACQUISITION CORP	SDHIR	$33.4K	138,991	0.00%	flat	2q	HELD
EINRIDE AB		$32.2K	53,686	0.00%	-	new	NEW
NEUBERGER R/EST SECS INC FD	NRO	$31.5K	10,400	0.00%	flat	6q	HELD

Showing the largest 400 of 462 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
Capital Markets	$121.6M	8.9%
Holding & Investment	$100.6M	7.4%
Software & IT Services	$45.1M	3.3%
Biotech & Pharma	$31.2M	2.3%
Semiconductors & Electronics	$29.9M	2.2%
Funds & ETFs	$28.0M	2.1%
Banks & Lending	$24.6M	1.8%
Mining & Metals	$22.9M	1.7%
Autos & Aerospace	$21.0M	1.5%
Other sectors	$124.2M	9.1%
Not classified	$815.8M	59.8%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$1.4B	462	161	67	69	152	19.0%	38
Q1 2026	$1.4B	453	189	64	75	121	24.2%	44
Q4 2025	$1.2B	385	149	55	65	86	21.5%	44
Q3 2025	$1.2B	322	134	26	51	93	25.1%	44
Q2 2025	$725.2M	281	115	35	51	131	27.8%	45
Q1 2025	$788.2M	297	109	43	46	99	22.2%	45
Q4 2024	$900.6M	287	134	37	37	94	22.5%	45
Q3 2024	$694.7M	247	114	35	36	85	22.4%	46
Q2 2024	$537.7M	218	96	37	33	96	28.0%	45
Q1 2024	$579.0M	218	116	28	33	97	30.7%	44
Q4 2023	$785.2M	199	84	33	29	96	41.2%	45
Q3 2023	$477.3M	211	86	26	45	78	33.4%	44
Q2 2023	$437.2M	203	70	24	39	111	34.1%	46
Q1 2023	$726.6M	244	109	26	52	87	30.6%	41
Q4 2022	$658.1M	222	77	23	64	104	45.1%	41
Q3 2022	$870.9M	249	50	28	59	106	39.1%	45
Q2 2022	$906.5M	305	100	43	27	67	34.0%	43
Q1 2022	$1.2B	272	106	31	45	180	50.2%	46
Q4 2021	$1.5B	346	175	64	32	126	45.3%	42
Q3 2021	$1.2B	297	122	29	30	175	34.1%	43
Q2 2021	$1.2B	350	196	61	42	122	19.8%	44
Q1 2021	$1.3B	276	163	40	22	169	36.2%	44
Q4 2020	$1.1B	282	185	19	30	130	34.5%	43
Q3 2020	$668.9M	227	102	29	24	101	22.4%	44
Q2 2020	$629.2M	226	107	21	12	92	29.4%	44
Q1 2020	$527.6M	211	89	23	60	152	29.9%	45
Q4 2019	$1.2B	274	109	43	24	113	26.8%	44
Q3 2019	$924.6M	278	94	44	66	77	17.9%	46
Q2 2019	$828.5M	261	101	39	41	101	22.3%	45
Q1 2019	$784.7M	261	111	30	61	103	24.6%	44
Q4 2018	$659.3M	253	0	0	0	0	17.0%	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.