Crossingbridge Advisors, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MPKOF	MERCER PARK OPPORTUNITIES CO	2,091,900	$22,279	4.0%	$10.65	—	Common	G6002A105
WENN	WEN ACQUISITION CORP-A	1,475,694	$15,023	2.7%	$10.15	0.0%	Common	G9R39C103
MBAV	M3-BRIGADE ACQUISITION V-A	1,390,442	$14,933	2.7%	$10.66	0.0%	Common	G63212107
POLE	Andretti Acquisition Corp II	1,037,522	$11,044	2.0%	$10.58	0.0%	Common	G26745102
DRDB	ROMAN DBDR ACQUISITION CORP	1,032,500	$10,810	2.0%	$10.47	0.0%	Common	G7633M104
HVII	HENNESSY CAPITAL INVESTMENT	940,222	$9,731	1.8%	$10.34	0.0%	Common	G4405D107
RDAG	REPUBLIC DIGITAL ACQUIS-CL A	887,311	$9,077	1.6%	$10.22	0.0%	Common	G7515A103
APAD	A PARADISE ACQUISITION - A	865,915	$8,806	1.6%	$10.07	0.0%	Common	G04819101
MCGA	YORKVILLE ACQUISITION CORP-A	850,000	$8,594	1.6%	$10.15	0.0%	Common	G98659116
SOCA	SOLARIUS CAPITAL ACQUIS-CL A	842,682	$8,579	1.6%	$10.11	0.0%	Common	G82617104
DAAQ	DIGITAL ASSET ACQUISITI-CL A	793,921	$8,130	1.5%	$10.22	0.0%	Common	G2868C103
TACH	TITAN ACQUISITION CORP-CL A	645,696	$6,645	1.2%	$10.28	0.0%	Common	G8901A103
TACO	BERTO ACQUISITION CORP	635,000	$6,508	1.2%	$10.18	0.0%	Common	G1051H101
AXIN	AXIOM INTELLIGENCE-CL A	554,000	$5,612	1.0%	$10.11	0.0%	Common	G0750N104
OTGA	OTG ACQUISITION CORP I-CL A	523,504	$5,266	1.0%	$10.05	0.0%	Common	G6791A100
APXT	APEX TREASURY CORP-CL A	475,000	$4,724	0.9%	$9.94	0.0%	Common	G04104108
MLAC	MOUNTAIN LAKE ACQUISITION-A	442,460	$4,659	0.8%	$10.45	0.0%	Common	G6301B101
HAVA	HARVARD AVE ACQUISITION-CL A	450,000	$4,505	0.8%	$9.98	0.0%	Common	G4330A103
TRAD/U	APEX TECH ACQUISITION INC	450,000	$4,502	0.8%	$10.01	—	Common	G0R21F121
BEBE	TGE VALUE CREATIVE SOLU-CL A	450,000	$4,446	0.8%	$9.88	—	Common	G8773E100
XFLH	XFLH CAPITAL CORP	450,000	$4,442	0.8%	$9.87	—	Common	G9834D107
ETHM	DYNAMIX CORP	387,717	$4,059	0.7%	$10.35	0.0%	Common	G2949D104
DBCAU	D BORAL ACQUISITION I CORP	400,000	$4,038	0.7%	$10.10	—	Unit	G2616T127
AACIU	ARMADA ACQUISITION CORP III	400,000	$3,996	0.7%	$9.99	—	Common	G0R38M127
XSLLU	XSOLLA SPAC 1	385,000	$3,812	0.7%	$9.90	—	Common	G9833K128
SVIVU	SPRING VALLEY ACQUISITION CO IV	350,000	$3,556	0.6%	$10.16	—	Common	G8377G121
DMII	DRUGS MADE IN AMERICA ACQUISITION	350,000	$3,493	0.6%	$9.96	0.0%	Common	G2851K104
IRAB/U	IRIS ACQUISITION CORP II	350,000	$3,490	0.6%	$9.97	—	Common	G4940M125
WPAC/U	WHITE PEARL ACQUISITION CORP	300,000	$3,075	0.6%	$10.25	—	Common	G96193118
MEVOU	M EVO GLOBAL ACQUISITION CORP	300,000	$3,003	0.5%	$10.01	—	Common	G6071J128
TWLV	TWELVE SEAS INVESTMENT CO-A	300,000	$2,962	0.5%	$9.87	—	Common	G9145D101
CRAQ	CAL REDWOOD ACQUISIT-CL A	250,000	$2,546	0.5%	$10.15	0.0%	Common	G17564108
AIIA	AI INFRASTRUCTURE AC-A	250,000	$2,508	0.5%	$10.00	0.0%	Common	G01336109
GIW	GIGCAPITAL8 CORP-A	250,000	$2,493	0.5%	$9.96	0.0%	Common	G3864J100
CRAN	CRANE HARBOR ACQUISITIO-CL A	250,000	$2,475	0.4%	$9.90	—	Common	G25014104
MUZEU	MUZERO ACQUISITION CORP	225,000	$2,234	0.4%	$9.93	—	Common	G8775A122
KTWO	K2 CAPITAL ACQUISITION CORP.-CL A	225,000	$2,221	0.4%	$9.87	—	Common	G5226B105
WSTN	WESTIN ACQUISITION CORP-A	215,000	$2,148	0.4%	$9.95	0.0%	Common	G9584S106
SDHI	SIDDHI ACQUISITION CORP-A	200,000	$2,076	0.4%	$10.28	0.0%	Common	G8118C124
VCIC	VINE HILL CAPITAL-CLASS A	187,736	$2,005	0.4%	$10.68	0.0%	Common	G93Y09107
PALOU	PALOMA ACQUISITION CORP I	200,000	$1,996	0.4%	$9.98	—	Common	G6881J128
VHCP	VINE HILL CAPITAL INVES-CL A	200,000	$1,980	0.4%	$9.90	—	Common	G9709D109
CUB	LIONHEART HOLDINGS - CL A	177,611	$1,909	0.3%	$10.68	0.0%	Common	G5501C109
NBRGU	NEWBRIDGE ACQUISITION LTD	175,000	$1,755	0.3%	$10.03	—	Common	G6464L110
SZZL	SIZZLE ACQUISITION CORP II-CL A	164,154	$1,684	0.3%	$10.24	0.0%	Common	G8193F109
EVOX	EVOLUTION GLOBAL ACQUIS-CL A	150,000	$1,496	0.3%	$9.98	0.0%	Common	G3226F101
CMIIU	COLUMBUS CIRCLE CAPITAL CORP II	150,000	$1,491	0.3%	$9.94	—	Common	G2296M111
GPAC	General Purpose Acquisition Corp	150,000	$1,487	0.3%	$9.91	—	Common	G3810N106
WPAC	WHITE PEARL ACQUISITION CO-A	150,000	$1,479	0.3%	$9.86	—	Common	G96193100
BTRMF	BATTERY MINERAL RESOURCES CO	17,615,500	$1,457	0.3%	$0.08	—	Common	07133G109
UNH	UNITEDHEALTH GROUP INC	5,000	$1,353	0.2%	$308.69	0.0%	Common	91324P102
SGU	STAR GROUP LP	109,777	$1,348	0.2%	$12.66	0.0%	Common	85512C105
MKLY	MCKINLEY ACQUISITION CO-CL A	123,355	$1,241	0.2%	$10.02	0.0%	Common	G6005T101
ALF	CENTURION ACQUISITION CORP	106,228	$1,143	0.2%	$10.70	0.0%	Common	G20315100
IPEX	INFLECTION POINT ACQUISITION	109,237	$1,136	0.2%	$10.32	0.0%	Common	G6001J107
PGAC	PANTAGES CAPITAL ACQUISITION	108,032	$1,132	0.2%	$10.41	0.0%	Common	G8089R100
CGCT	CARTESIAN GROWTH CORP I-CL A	110,372	$1,132	0.2%	$10.29	0.0%	Common	G19307100
BACC	BLUE ACQUISITION CORP-CL A	110,552	$1,129	0.2%	$10.23	0.0%	Common	G1331A108
SIMA	SIM ACQUISITION CORP I-A	104,500	$1,121	0.2%	$10.64	0.0%	Common	G8431T101
LKSP	LAKE SUPERIOR ACQUISITI-CL A	110,000	$1,106	0.2%	$9.99	0.0%	Common	G5354C107
QUMS	QUANTUMSPHERE ACQUISITION CO	107,825	$1,091	0.2%	$10.05	0.0%	Common	G7387B106
SSACU	SPACSPHERE ACQUISITION CORP	100,000	$1,007	0.2%	$10.07	—	Common	G8T088125
KOYN	CSLM DIGITAL ASSET ACQU - A	100,000	$1,004	0.2%	$10.02	0.0%	Common	G2584S101
TMTSU	SPARTACUS ACQU CORP II	100,000	$1,004	0.2%	$10.04	—	Common	G8303R126
BPAC	BLUEPORT ACQUISITION LT-CL A	100,000	$1,001	0.2%	$10.01	—	Common	G1196A102
LAFA	LAFAYETTE ACQUISITION CORP	100,000	$997	0.2%	$9.96	0.0%	Common	G53426105
AEAQ	ACTIVATE ENERGY ACQUISITIO-A	100,000	$989	0.2%	$9.89	—	Common	G0081J103
LFAC	LEAPFROG ACQUISITION CL A	95,000	$943	0.2%	$9.92	—	Common	G5414D103
—	ORACLE CORP 6.5 1/15/2029	20,000	$900	0.2%	$45.01	—	Preferred	68389X204
BLDR	BUILDERS FIRSTSOURCE INC	10,000	$823	0.1%	$117.53	0.0%	Common	12008R107
DSAC	DAEDALUS SPECIAL ACQUIS-CL A	80,000	$793	0.1%	$9.91	—	Common	G2616C108
APAC	STONEBRIDGE ACQUISITION CORP	75,000	$754	0.1%	$10.02	0.0%	Common	G85096108
MMTX	MILUNA ACQUISITION CL A	75,000	$751	0.1%	$9.97	0.0%	Common	G6180J100
IGAC	INVEST GREEN ACQUISITIO-CL A	75,000	$746	0.1%	$9.92	0.0%	Common	G4924G102
ITHA	ITHAX Acquisition Corp III	75,000	$743	0.1%	$9.90	—	Common	G4977S102
PNNT	PENNANTPARK INVESTMENT CORP	155,950	$700	0.1%	$5.58	0.0%	Common	708062104
EGHA	EGH ACQUISITION CO-A	50,750	$518	0.1%	$10.22	0.0%	Common	G2946P100
YCY	AA MISSION ACQUISITION-A	50,000	$504	0.1%	$10.03	0.0%	Common	G1000S109
SCII	SC II ACQUISITION CORP-CL A	50,000	$499	0.1%	$9.97	—	Common	G7866D102
BIXI	BITCOIN INFRASTRUCTURE-CL A	50,000	$496	0.1%	$9.89	0.0%	Common	G1143H101
BLRK	BLUEROCK ACQUISITION CORP-A	50,000	$495	0.1%	$9.90	—	Common	G1352R105
MESH	MESHFLOW ACQUISITION CO-CL A	50,000	$495	0.1%	$9.89	—	Common	G6032N101
NTPIF	NAM TAI PROPERTY INC	91,924	$476	0.1%	$4.91	0.0%	Common	G63907102
CHEC	CHENGHE ACQUISITION II-CL A	35,000	$353	0.1%	$10.03	0.0%	Common	G2086N105
—	PRIORITY INCOME FUND 6 12/31/2028	12,708	$318	0.1%	$25.01	—	Preferred	74274W772
AACB	Artius II Acquisition Inc	25,000	$259	0.0%	$10.34	0.0%	Common	G0509J115
TVAI	THAYER VENTURES ACQUIS CL A	25,000	$255	0.0%	$10.16	0.0%	Common	G87890102
INAC	Indigo Acquisition Corp	25,000	$254	0.0%	$10.10	0.0%	Common	G4791J106
HACQU	HCM IV ACQUISITION CORP	25,000	$251	0.0%	$10.03	—	Common	G4365S128
DYOR	Insight Digital Partners II	24,985	$249	0.0%	$9.95	0.0%	Common	G4814G105
XTRAF	XTRACT ONE TECHNOLOGIES INC	574,600	$190	0.0%	$0.43	0.0%	Common	98422Q106
UMH	UMH PROPERTIES INC	10,000	$144	0.0%	$14.43	—	Common	903002103
MDV	MODIV INDUSTRIAL INC	10,000	$143	0.0%	$14.32	—	Common	60784B101
MIAPF	MINTO APARTMENT REAL ESTATE	10,000	$126	0.0%	$12.63	—	Common	60448E103
XFLH-R	XFLH CAPITAL CORP. RIGHTS	450,000	$56	0.0%	$0.13	—	Rights	G9834D115
KTWOR	K2 CAPITAL ACQUISITION CORP.	225,000	$47	0.0%	$0.21	—	Rights	G5226B113
WSTNR	WESTIN ACQ. CORP. RIGHTS	154,800	$33	0.0%	$0.21	—	Rights	G9584S114
ANGI	ANGI INC	3,400	$23	0.0%	$11.50	0.0%	Common	00183L201
LAFAR	LAFAYETTE ACQUISITION CORP	148,649	$18	0.0%	$0.12	—	Rights	G53426113
MKLYR	MCKINLEY ACQUISITION CORP.	123,355	$14	0.0%	$0.11	—	Equity Rights	G6005T119
ITHAW	ITHAX ACQUISITION CORP III WARRANTS	37,500	$9	0.0%	$0.23	—	Warrants	G4977S110
DSACW	DAEDALUS SPECIAL ACQUIS-CL A WRNT 9/17/2030	20,000	$8	0.0%	$0.42	—	Warrants	G2616C116
LFACW	LEAPFROG ACQUISITION CL A WRNT 1/26/2031	31,500	$8	0.0%	$0.25	—	Warrants	G5414D111
APACR	StoneBridge Acquisition II	26,700	$3	0.0%	$0.12	—	Rights	G85096116
MESHW	MESHFLOW ACQUISITION CO-CL A WRNT 9/16/2030	8,122	$2	0.0%	$0.26	—	Warrant	G6032N119
CRACW	CROWN RESERVE ACQUISITI-CL A WRNT 11/6/2030	22,500	$1	0.0%	$0.05	—	Warrants	G2574S103

Increased Positions (26)

— ZIFF DAVIS INC 1.75 11/1/2026 5.9%

Value ($000) $32,401 (+453.6%) Shares 32,978,000 (+449.6%) Est. Cost $0.98 Unrealized —

ANSC AGRICULTURE & NATURAL SOLUTIONS 3.3%

Value ($000) $18,178 (+4927.9%) Shares 1,611,550 (+345.7%) Est. Cost $11.19 Unrealized +0.2%

CCIX CHURCHILL CAPITAL CORP IX 2.6%

Value ($000) $14,439 (+3115.2%) Shares 1,351,927 (+201.1%) Est. Cost $10.65 Unrealized +0.0%

CAEP CANTOR EQUITY PARTNERS III-A 2.1%

Value ($000) $11,603 (+700.8%) Shares 1,125,401 (+19.2%) Est. Cost $10.35 Unrealized -1.2%

— JAMF HOLDING CORP 0.125 9/1/2026 1.8%

Value ($000) $9,767 (+280.0%) Shares 9,804,000 (+277.1%) Est. Cost $0.99 Unrealized —

IPCX INFLECTION POINT ACQUISITION-A 2.3%

Value ($000) $12,858 (+95.2%) Shares 1,236,344 (+90.3%) Est. Cost $10.16 Unrealized +0.0%

SOUL SOULPOWER ACQUISITION CO-A 2.3%

Value ($000) $12,604 (+75.3%) Shares 1,229,634 (+73.6%) Est. Cost $10.18 Unrealized +0.3%

VNME VENDOME ACQUISITION CORP-A 1.6%

Value ($000) $8,958 (+138.2%) Shares 888,735 (+137.0%) Est. Cost $10.01 Unrealized +0.7%

EEFT EURONET WORLDWIDE INC 1.7%

Value ($000) $9,212 (-33.8%) Shares 138,799 (+24.6%) Est. Cost $82.70 Unrealized -12.3%

LPAA LAUNCH ONE ACQUISITION CORP 0.9%

Value ($000) $5,053 (+475.4%) Shares 471,550 (+468.6%) Est. Cost $10.62 Unrealized +0.2%

LOKV LIVE OAK ACQUISITION CORP-A 2.2%

Value ($000) $11,898 (+45.9%) Shares 1,144,004 (+44.2%) Est. Cost $10.28 Unrealized +0.3%

SBXD SILVERBOX CORP IV-A 1.9%

Value ($000) $10,455 (+55.1%) Shares 977,013 (+53.2%) Est. Cost $10.57 Unrealized +0.6%

FACT FACT II ACQUISITION CORP 1.3%

Value ($000) $7,142 (+99.5%) Shares 680,175 (+97.4%) Est. Cost $10.41 Unrealized +0.6%

JACS JACKSON ACQUISITION CO-CL A 0.6%

Value ($000) $3,466 (+1958314.8%) Shares 327,398 (+1925770.6%) Est. Cost $10.48 Unrealized +0.0%

INGM INGRAM MICRO HOLDING CORP 1.2%

Value ($000) $6,480 (+109.7%) Shares 277,971 (+99.1%) Est. Cost $21.04 Unrealized +0.8%

— BRAEMAR HOTELS & RESORTS 4.5 6/1/2026 3.4%

Value ($000) $18,786 (+19.4%) Shares 19,000,000 (+18.8%) Est. Cost $0.97 Unrealized —

TDAC TRANSLATIONAL DEVELOPMENT AC 0.6%

Value ($000) $3,063 (+1125.4%) Shares 290,100 (+16.0%) Est. Cost $10.11 Unrealized +4.0%

CRAC CROWN RESERVE ACQUISITI-CL A 1.5%

Value ($000) $8,267 (+38.4%) Shares 825,900 (+37.4%) Est. Cost $9.93 Unrealized +0.5%

GTERA GLOBA TERRA ACQUISITION CO-A 1.4%

Value ($000) $7,726 (+39.2%) Shares 753,710 (+37.0%) Est. Cost $10.01 Unrealized +1.3%

MACI MELAR ACQUISITION CORP I-A 0.7%

Value ($000) $3,826 (+70.4%) Shares 355,236 (+67.9%) Est. Cost $10.62 Unrealized +0.6%

CEPO CANTOR EQUITY PARTNERS I-A 1.8%

Value ($000) $10,139 (+6.6%) Shares 965,601 (+5.7%) Est. Cost $10.46 Unrealized -0.1%

SMA SMARTSTOP SELF STORAGE REIT 0.2%

Value ($000) $908 (+44.1%) Shares 30,000 (+50.0%) Est. Cost $31.86 Unrealized —

AHRT ARMADA HOFFLER PROPERTIES INC 0.1%

Value ($000) $633 (+59.5%) Shares 115,000 (+91.7%) Est. Cost $6.26 Unrealized —

CTO CTO REALTY GROWTH INC 0.2%

Value ($000) $932 (+29.9%) Shares 50,400 (+12.0%) Est. Cost $16.72 Unrealized —

BFS SAUL CENTERS INC 0.2%

Value ($000) $1,140 (+20.5%) Shares 35,000 (+16.7%) Est. Cost $36.57 Unrealized —

MGTE MARBLEGATE CAPITAL CORP 0.0%

Value ($000) $64 (+215.2%) Shares 28,246 (+219.4%) Est. Cost $2.10 Unrealized +3.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ZIFF DAVIS INC 1.75 11/1/2026	32,978,000 (+449.6%)	$32,401 (+453.6%)	5.9%	$0.98	—	Convertible Bond	48123VAE2
ANSC	AGRICULTURE & NATURAL SOLUTIONS	1,611,550 (+345.7%)	$18,178 (+4927.9%)	3.3%	$11.19	+0.2%	Common	G0131Y100
CCIX	CHURCHILL CAPITAL CORP IX	1,351,927 (+201.1%)	$14,439 (+3115.2%)	2.6%	$10.65	+0.0%	Common	G21301109
CAEP	CANTOR EQUITY PARTNERS III-A	1,125,401 (+19.2%)	$11,603 (+700.8%)	2.1%	$10.35	-1.2%	Common	G1828A108
—	JAMF HOLDING CORP 0.125 9/1/2026	9,804,000 (+277.1%)	$9,767 (+280.0%)	1.8%	$0.99	—	Convertible Bond	47074LAB1
IPCX	INFLECTION POINT ACQUISITION-A	1,236,344 (+90.3%)	$12,858 (+95.2%)	2.3%	$10.16	+0.0%	Common	G47875102
SOUL	SOULPOWER ACQUISITION CO-A	1,229,634 (+73.6%)	$12,604 (+75.3%)	2.3%	$10.18	+0.3%	Common	G82745103
VNME	VENDOME ACQUISITION CORP-A	888,735 (+137.0%)	$8,958 (+138.2%)	1.6%	$10.01	+0.7%	Common	G9580A109
EEFT	EURONET WORLDWIDE INC	138,799 (+24.6%)	$9,212 (-33.8%)	1.7%	$82.70	-12.3%	Common	298736109
LPAA	LAUNCH ONE ACQUISITION CORP	471,550 (+468.6%)	$5,053 (+475.4%)	0.9%	$10.62	+0.2%	Common	G5S86M100
LOKV	LIVE OAK ACQUISITION CORP-A	1,144,004 (+44.2%)	$11,898 (+45.9%)	2.2%	$10.28	+0.3%	Common	G5509P102
SBXD	SILVERBOX CORP IV-A	977,013 (+53.2%)	$10,455 (+55.1%)	1.9%	$10.57	+0.6%	Common	G81354105
FACT	FACT II ACQUISITION CORP	680,175 (+97.4%)	$7,142 (+99.5%)	1.3%	$10.41	+0.6%	Common	G32901103
JACS	JACKSON ACQUISITION CO-CL A	327,398 (+1925770.6%)	$3,466 (+1958314.8%)	0.6%	$10.48	+0.0%	Common	G4992A110
INGM	INGRAM MICRO HOLDING CORP	277,971 (+99.1%)	$6,480 (+109.7%)	1.2%	$21.04	+0.8%	Common	457152106
—	BRAEMAR HOTELS & RESORTS 4.5 6/1/2026	19,000,000 (+18.8%)	$18,786 (+19.4%)	3.4%	$0.97	—	Convertible Bond	10482BAB7
TDAC	TRANSLATIONAL DEVELOPMENT AC	290,100 (+16.0%)	$3,063 (+1125.4%)	0.6%	$10.11	+4.0%	Common	G9008W105
CRAC	CROWN RESERVE ACQUISITI-CL A	825,900 (+37.4%)	$8,267 (+38.4%)	1.5%	$9.93	+0.5%	Common	G2574F119
GTERA	GLOBA TERRA ACQUISITION CO-A	753,710 (+37.0%)	$7,726 (+39.2%)	1.4%	$10.01	+1.3%	Common	G3933N116
MACI	MELAR ACQUISITION CORP I-A	355,236 (+67.9%)	$3,826 (+70.4%)	0.7%	$10.62	+0.6%	Common	G6004G100
CEPO	CANTOR EQUITY PARTNERS I-A	965,601 (+5.7%)	$10,139 (+6.6%)	1.8%	$10.46	-0.1%	Common	G1827K107
SMA	SMARTSTOP SELF STORAGE REIT	30,000 (+50.0%)	$908 (+44.1%)	0.2%	$31.86	—	Common	83192D402
AHRT	ARMADA HOFFLER PROPERTIES INC	115,000 (+91.7%)	$633 (+59.5%)	0.1%	$6.26	—	Common	04208T108
CTO	CTO REALTY GROWTH INC	50,400 (+12.0%)	$932 (+29.9%)	0.2%	$16.72	—	Common	22948Q101
BFS	SAUL CENTERS INC	35,000 (+16.7%)	$1,140 (+20.5%)	0.2%	$36.57	—	Common	804395101
MGTE	MARBLEGATE CAPITAL CORP	28,246 (+219.4%)	$64 (+215.2%)	0.0%	$2.10	+3.9%	Common	56608R108

Exited Positions (55)

— CONFLUENT INC 0 1/15/2027 4.4%

Value ($000) $24,169 Shares 24,827,000 Est. Cost $0.97 Unrealized —

— BENTLEY SYSTEMS INC 0.125 1/15/2026 4.1%

Value ($000) $22,513 Shares 22,500,000 Est. Cost $1.00 Unrealized —

— FUBOTV INC 3.25 2/15/2026 3.9%

Value ($000) $21,320 Shares 21,076,000 Est. Cost $1.01 Unrealized —

— DROPBOX INC 0 3/1/2026 3.6%

Value ($000) $19,860 Shares 20,000,000 Est. Cost $0.99 Unrealized —

— DAYFORCE INC 0.25 3/15/2026 3.4%

Value ($000) $18,971 Shares 19,100,000 Est. Cost $0.98 Unrealized —

— AIRBNB INC 0 3/15/2027 3.3%

Value ($000) $18,344 Shares 18,520,000 Est. Cost $0.97 Unrealized —

— MAGNITE INC 0.25 3/15/2026 2.7%

Value ($000) $14,998 Shares 15,125,000 Est. Cost $0.96 Unrealized —

— VAIL RESORTS INC 0 1/1/2026 2.7%

Value ($000) $14,933 Shares 14,926,000 Est. Cost $1.00 Unrealized —

HAVAU HARVARD AVE ACQUISITION CORP 0.9%

Value ($000) $5,023 Shares 500,000 Est. Cost $10.05 Unrealized —

BEBE/U TGE VALUE CREATIVE SOLUTIONS 0.8%

Value ($000) $4,473 Shares 450,000 Est. Cost $9.94 Unrealized —

— GUESS INC 3.75 4/15/2028 0.7%

Value ($000) $4,002 Shares 4,000,000 Est. Cost $1.01 Unrealized —

— CABLE ONE INC 0 3/15/2026 0.6%

Value ($000) $3,455 Shares 3,500,000 Est. Cost $0.98 Unrealized —

GIWWU GIGCAPITAL8 CORP 0.5%

Value ($000) $2,801 Shares 274,996 Est. Cost $10.19 Unrealized —

APXTU APEX TREASURY CORP 0.5%

Value ($000) $2,764 Shares 275,000 Est. Cost $10.05 Unrealized —

CRANU CRANE HARBOR ACQUISITION CORP 0.5%

Value ($000) $2,515 Shares 250,000 Est. Cost $10.06 Unrealized —

VHCPU VINE HILL CAPITAL INVESTMENT 0.4%

Value ($000) $2,007 Shares 200,000 Est. Cost $10.04 Unrealized —

LAFAU LAFAYETTE ACQUISITION CORP 0.4%

Value ($000) $1,994 Shares 198,999 Est. Cost $10.02 Unrealized —

PINE ALPINE INCOME PROPERTY TRUST 0.3%

Value ($000) $1,853 Shares 112,674 Est. Cost $16.70 Unrealized —

WSTNU WESTIN ACQUISITION CORP 0.3%

Value ($000) $1,757 Shares 175,000 Est. Cost $10.04 Unrealized —

SVAC SPRING VALLEY ACQUISITION-A 0.3%

Value ($000) $1,543 Shares 150,000 Est. Cost $10.32 Unrealized +2.1%

EVOXU EVOLUTION GLOBAL ACQUISITION 0.3%

Value ($000) $1,508 Shares 150,000 Est. Cost $10.05 Unrealized —

AEAQU Activate Energy Acquisition Corp 0.3%

Value ($000) $1,502 Shares 150,000 Est. Cost $10.01 Unrealized —

GPACU GENERAL PURPOSE ACQUISITION 0.3%

Value ($000) $1,500 Shares 150,000 Est. Cost $10.00 Unrealized —

TWLVU TWELVE SEAS INVESTMENT CO II 0.3%

Value ($000) $1,493 Shares 150,000 Est. Cost $9.95 Unrealized —

LRN STRIDE INC 0.2%

Value ($000) $1,324 Shares 20,000 Est. Cost $90.80 Unrealized -13.9%

HCACU HALL CHADWICK ACQUISITION CO 0.2%

Value ($000) $1,254 Shares 125,000 Est. Cost $10.03 Unrealized —

MMTXU MILUNA ACQUISITION CORP 0.2%

Value ($000) $1,247 Shares 125,000 Est. Cost $9.98 Unrealized —

MKLYU MCKINLEY ACQUISITION CORP 0.2%

Value ($000) $1,242 Shares 123,355 Est. Cost $9.99 Unrealized —

SOCAU SOLARIUS CAPITAL ACQUISITION 0.2%

Value ($000) $1,019 Shares 100,000 Est. Cost $10.09 Unrealized —

BPACU BLUEPORT ACQUISITION LTD 0.2%

Value ($000) $1,009 Shares 100,000 Est. Cost $10.09 Unrealized —

LFACU LEAPFROG ACQUISITION CORP 0.2%

Value ($000) $1,000 Shares 100,000 Est. Cost $10.00 Unrealized —

MESHU MESHFLOW ACQUISITION CORP 0.2%

Value ($000) $1,000 Shares 100,000 Est. Cost $10.00 Unrealized —

BIXIU Bitcoin Infrastructure Acquisition Corp Ltd 0.2%

Value ($000) $996 Shares 100,000 Est. Cost $9.96 Unrealized —

IYR ISHARES US REAL ESTATE ETF 0.2%

Value ($000) $943 Shares 10,000 Est. Cost $94.27 Unrealized —

KVAC KEEN VISION ACQUISITION CORP 0.2%

Value ($000) $835 Shares 71,032 Est. Cost $11.52 Unrealized +3.0%

SPY SPDR S&P 500 ETF TRUST EQUITY HEDGEFUND 0.1 0.1%

Value ($000) $815 Shares 2,000 Est. Cost $407.68 Unrealized —

DSACU DAEDALUS SPECIAL ACQUISITION 0.1%

Value ($000) $803 Shares 80,000 Est. Cost $10.04 Unrealized —

SCIIU SC II ACQUISITION CORP 0.1%

Value ($000) $755 Shares 75,000 Est. Cost $10.07 Unrealized —

APACU STONEBRIDGE ACQUISITION II CORP 0.1%

Value ($000) $753 Shares 75,000 Est. Cost $10.00 Unrealized —

IGACU INVEST GREEN ACQUISITION COR 0.1%

Value ($000) $752 Shares 75,000 Est. Cost $10.03 Unrealized —

ITHAU ITHAX ACQUISITION CORP III 0.1%

Value ($000) $748 Shares 75,000 Est. Cost $9.97 Unrealized —

IBAC IB Acquisition Corp 0.1%

Value ($000) $735 Shares 70,000 Est. Cost $10.04 Unrealized +5.2%

VMCAF Valuence Merger Corp I 0.1%

Value ($000) $714 Shares 57,558 Est. Cost $12.03 Unrealized +4.5%

WELNF Integrated Wellness Acquisition Corp 0.1%

Value ($000) $691 Shares 53,530 Est. Cost $11.70 Unrealized +4.4%

YCY/U AA MISSION ACQUISITION CORP 0.1%

Value ($000) $504 Shares 50,000 Est. Cost $10.09 Unrealized —

VACI/U Viking Acquisition Corp I 0.1%

Value ($000) $504 Shares 50,000 Est. Cost $10.07 Unrealized —

BLRKU BLUEROCK ACQUISITION CORP 0.1%

Value ($000) $500 Shares 50,000 Est. Cost $10.00 Unrealized —

CRACU CROWN RESERVE ACQUISITION CO 0.1%

Value ($000) $454 Shares 45,000 Est. Cost $10.09 Unrealized —

CHECU CHENGHE ACQUISITION III CO 0.1%

Value ($000) $351 Shares 35,000 Est. Cost $9.98 Unrealized —

DYORU Insight Digital Partners II 0.0%

Value ($000) $253 Shares 24,985 Est. Cost $10.12 Unrealized —

BDCI BTC Development Corp 0.0%

Value ($000) $250 Shares 25,000 Est. Cost $10.10 Unrealized -0.3%

COLA COLUMBUS ACQUISITION CORP 0.0%

Value ($000) $118 Shares 118,214 Est. Cost $10.07 Unrealized +4.0%

CAPN Cayson Acquisition Corp 0.0%

Value ($000) $92 Shares 8,643 Est. Cost $10.54 Unrealized +1.8%

— VERANO HOLDINGS CORP 0.0%

Value ($000) $16 Shares 12,234 Est. Cost $1.27 Unrealized —

UPHL UPHEALTH INC 0.0%

Value ($000) $0 Shares 533,414 Est. Cost $0.00 Unrealized +14.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CONFLUENT INC 0 1/15/2027	24,827,000	$24,169	4.4%	$0.97	—	—	20717MAB9
—	BENTLEY SYSTEMS INC 0.125 1/15/2026	22,500,000	$22,513	4.1%	$1.00	—	—	08265TAB5
—	FUBOTV INC 3.25 2/15/2026	21,076,000	$21,320	3.9%	$1.01	—	—	35953DAB0
—	DROPBOX INC 0 3/1/2026	20,000,000	$19,860	3.6%	$0.99	—	—	26210CAC8
—	DAYFORCE INC 0.25 3/15/2026	19,100,000	$18,971	3.4%	$0.98	—	—	15677JAD0
—	AIRBNB INC 0 3/15/2027	18,520,000	$18,344	3.3%	$0.97	—	—	009066AB7
—	MAGNITE INC 0.25 3/15/2026	15,125,000	$14,998	2.7%	$0.96	—	—	55955DAB6
—	VAIL RESORTS INC 0 1/1/2026	14,926,000	$14,933	2.7%	$1.00	—	—	91879QAN9
HAVAU	HARVARD AVE ACQUISITION CORP	500,000	$5,023	0.9%	$10.05	—	—	G4330A129
BEBE/U	TGE VALUE CREATIVE SOLUTIONS	450,000	$4,473	0.8%	$9.94	—	—	G8773E126
—	GUESS INC 3.75 4/15/2028	4,000,000	$4,002	0.7%	$1.01	—	—	401617AF2
—	CABLE ONE INC 0 3/15/2026	3,500,000	$3,455	0.6%	$0.98	—	—	12685JAE5
GIWWU	GIGCAPITAL8 CORP	274,996	$2,801	0.5%	$10.19	—	—	G3864J126
APXTU	APEX TREASURY CORP	275,000	$2,764	0.5%	$10.05	—	—	G04104116
CRANU	CRANE HARBOR ACQUISITION CORP	250,000	$2,515	0.5%	$10.06	—	—	G25014120
VHCPU	VINE HILL CAPITAL INVESTMENT	200,000	$2,007	0.4%	$10.04	—	—	G9709D125
LAFAU	LAFAYETTE ACQUISITION CORP	198,999	$1,994	0.4%	$10.02	—	—	G53426121
PINE	ALPINE INCOME PROPERTY TRUST	112,674	$1,853	0.3%	$16.70	—	—	02083X103
WSTNU	WESTIN ACQUISITION CORP	175,000	$1,757	0.3%	$10.04	—	—	G9584S122
SVAC	SPRING VALLEY ACQUISITION-A	150,000	$1,543	0.3%	$10.32	+2.1%	—	G8377R101
EVOXU	EVOLUTION GLOBAL ACQUISITION	150,000	$1,508	0.3%	$10.05	—	—	G3226F127
AEAQU	Activate Energy Acquisition Corp	150,000	$1,502	0.3%	$10.01	—	—	G0081J129
GPACU	GENERAL PURPOSE ACQUISITION	150,000	$1,500	0.3%	$10.00	—	—	G3810N122
TWLVU	TWELVE SEAS INVESTMENT CO II	150,000	$1,493	0.3%	$9.95	—	—	G9145D127
LRN	STRIDE INC	20,000	$1,324	0.2%	$90.80	-13.9%	—	86333M108
HCACU	HALL CHADWICK ACQUISITION CO	125,000	$1,254	0.2%	$10.03	—	—	G42386121
MMTXU	MILUNA ACQUISITION CORP	125,000	$1,247	0.2%	$9.98	—	—	G6180J126
MKLYU	MCKINLEY ACQUISITION CORP	123,355	$1,242	0.2%	$9.99	—	—	G6005T127
SOCAU	SOLARIUS CAPITAL ACQUISITION	100,000	$1,019	0.2%	$10.09	—	—	G82617120
BPACU	BLUEPORT ACQUISITION LTD	100,000	$1,009	0.2%	$10.09	—	—	G1196A128
LFACU	LEAPFROG ACQUISITION CORP	100,000	$1,000	0.2%	$10.00	—	—	G5414D129
MESHU	MESHFLOW ACQUISITION CORP	100,000	$1,000	0.2%	$10.00	—	—	G6032N127
BIXIU	Bitcoin Infrastructure Acquisition Corp Ltd	100,000	$996	0.2%	$9.96	—	—	G1143H127
IYR	ISHARES US REAL ESTATE ETF	10,000	$943	0.2%	$94.27	—	—	464287739
KVAC	KEEN VISION ACQUISITION CORP	71,032	$835	0.2%	$11.52	+3.0%	—	G52443119
SPY	SPDR S&P 500 ETF TRUST EQUITY HEDGEFUND 0.1	2,000	$815	0.1%	$407.68	—	—	78462F103
DSACU	DAEDALUS SPECIAL ACQUISITION	80,000	$803	0.1%	$10.04	—	—	G2616C124
SCIIU	SC II ACQUISITION CORP	75,000	$755	0.1%	$10.07	—	—	G7866D128
APACU	STONEBRIDGE ACQUISITION II CORP	75,000	$753	0.1%	$10.00	—	—	G85096124
IGACU	INVEST GREEN ACQUISITION COR	75,000	$752	0.1%	$10.03	—	—	G4924G128
ITHAU	ITHAX ACQUISITION CORP III	75,000	$748	0.1%	$9.97	—	—	G4977S128
IBAC	IB Acquisition Corp	70,000	$735	0.1%	$10.04	+5.2%	—	44934N108
VMCAF	Valuence Merger Corp I	57,558	$714	0.1%	$12.03	+4.5%	—	G9R16L100
WELNF	Integrated Wellness Acquisition Corp	53,530	$691	0.1%	$11.70	+4.4%	—	G4828B100
YCY/U	AA MISSION ACQUISITION CORP	50,000	$504	0.1%	$10.09	—	—	G1000S117
VACI/U	Viking Acquisition Corp I	50,000	$504	0.1%	$10.07	—	—	G9582G120
BLRKU	BLUEROCK ACQUISITION CORP	50,000	$500	0.1%	$10.00	—	—	G1352R121
CRACU	CROWN RESERVE ACQUISITION CO	45,000	$454	0.1%	$10.09	—	—	G2574F101
CHECU	CHENGHE ACQUISITION III CO	35,000	$351	0.1%	$9.98	—	—	G2086N113
DYORU	Insight Digital Partners II	24,985	$253	0.0%	$10.12	—	—	G4814G121
BDCI	BTC Development Corp	25,000	$250	0.0%	$10.10	-0.3%	—	G0701G109
COLA	COLUMBUS ACQUISITION CORP	118,214	$118	0.0%	$10.07	+4.0%	—	G2295P107
CAPN	Cayson Acquisition Corp	8,643	$92	0.0%	$10.54	+1.8%	—	G1993W109
—	VERANO HOLDINGS CORP	12,234	$16	0.0%	$1.27	—	—	92338D101
UPHL	UPHEALTH INC	533,414	$0	0.0%	$0.00	+14.4%	—	91532B200

Decreased Positions (10)

KCHV KOCHAV DEFENSE ACQUISITION-A 1.9%

Value ($000) $10,250 (+754.2%) Shares 1,000,005 (-16.7%) Est. Cost $10.09 Unrealized +0.9%

GLIBK GCI LIBERTY INC-CL C 1.1%

Value ($000) $5,954 (-33.7%) Shares 160,000 (-36.0%) Est. Cost $35.09 Unrealized +8.7%

BCAR D. BORAL ARC ACQUISIT - CL A 0.2%

Value ($000) $1,116 (-52.3%) Shares 110,326 (-52.7%) Est. Cost $9.91 Unrealized +2.7%

AXR AMREP CORP 0.2%

Value ($000) $1,252 (+1825.7%) Shares 44,496 (-31.5%) Est. Cost $26.87 Unrealized -17.9%

EMIS EMMIS ACQUISITION CORP-CL A 0.5%

Value ($000) $2,759 (-20.7%) Shares 274,494 (-21.5%) Est. Cost $9.97 Unrealized +0.6%

FSHP FLAG SHIP ACQUISITION CORP 0.2%

Value ($000) $1,023 (-26.0%) Shares 93,552 (-27.2%) Est. Cost $10.52 Unrealized +2.9%

WSR WHITESTONE REIT 0.1%

Value ($000) $460 (+149.6%) Shares 28,490 (-5.0%) Est. Cost $10.16 Unrealized —

EURK EUREKA ACQUISITION CORP 0.2%

Value ($000) $1,324 (-8.2%) Shares 116,689 (-11.4%) Est. Cost $10.64 Unrealized +4.4%

QETA Quetta Acquisition Corp 0.1%

Value ($000) $829 (-4.9%) Shares 72,661 (-5.3%) Est. Cost $10.65 Unrealized +8.2%

DTSQ DT Cloud Star Acquisition Corp 0.1%

Value ($000) $512 (-4.8%) Shares 46,100 (-7.8%) Est. Cost $10.33 Unrealized +5.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KCHV	KOCHAV DEFENSE ACQUISITION-A	1,000,005 (-16.7%)	$10,250 (+754.2%)	1.9%	$10.09	+0.9%	Common	G5304D106
GLIBK	GCI LIBERTY INC-CL C	160,000 (-36.0%)	$5,954 (-33.7%)	1.1%	$35.09	+8.7%	Common	36164V800
BCAR	D. BORAL ARC ACQUISIT - CL A	110,326 (-52.7%)	$1,116 (-52.3%)	0.2%	$9.91	+2.7%	Common	G2616F101
AXR	AMREP CORP	44,496 (-31.5%)	$1,252 (+1825.7%)	0.2%	$26.87	-17.9%	Common	032159105
EMIS	EMMIS ACQUISITION CORP-CL A	274,494 (-21.5%)	$2,759 (-20.7%)	0.5%	$9.97	+0.6%	Common	G3037D105
FSHP	FLAG SHIP ACQUISITION CORP	93,552 (-27.2%)	$1,023 (-26.0%)	0.2%	$10.52	+2.9%	Common	G3530C109
WSR	WHITESTONE REIT	28,490 (-5.0%)	$460 (+149.6%)	0.1%	$10.16	—	Common	966084204
EURK	EUREKA ACQUISITION CORP	116,689 (-11.4%)	$1,324 (-8.2%)	0.2%	$10.64	+4.4%	Common	G32168109
QETA	Quetta Acquisition Corp	72,661 (-5.3%)	$829 (-4.9%)	0.1%	$10.65	+8.2%	Common	74841A105
DTSQ	DT Cloud Star Acquisition Corp	46,100 (-7.8%)	$512 (-4.8%)	0.1%	$10.33	+5.3%	Common	G2853N106

Unchanged Positions (14)

QSEA QUARTZSEA ACQUISITION CORP 0.3%

Value ($000) $1,455 Shares 140,189 Est. Cost $10.02 Unrealized +2.5%

CHAR CHARLTON ARIA ACQUISITI-CL A 0.2%

Value ($000) $1,216 Shares 115,000 Est. Cost $9.93 Unrealized +5.8%

GPK GRAPHIC PACKAGING HOLDING CO 0.1%

Value ($000) $547 Shares 55,000 Est. Cost $28.00 Unrealized -49.6%

NMP NMP ACQUISITION CORP - A 0.9%

Value ($000) $5,029 Shares 495,000 Est. Cost $9.92 Unrealized +1.5%

VACH VOYAGER ACQUISITION CORP 0.5%

Value ($000) $2,778 Shares 259,371 Est. Cost $10.50 Unrealized +1.5%

BKHA Black Hawk Acquisition Corp 0.1%

Value ($000) $615 Shares 53,024 Est. Cost $10.98 Unrealized +4.6%

AAT AMERICAN ASSETS TRUST INC 0.1%

Value ($000) $644 Shares 35,000 Est. Cost $19.85 Unrealized —

FGMC FG MERGER II CORP 0.1%

Value ($000) $615 Shares 60,904 Est. Cost $9.90 Unrealized +1.8%

— ASPIRE BIOPHARMA HOLDINGS INC 0.0%

Value ($000) $7 Shares 24,348 Est. Cost $0.30 Unrealized —

PLMK PLUM ACQUISITION CORP IV 0.0%

Value ($000) $264 Shares 25,000 Est. Cost $10.41 Unrealized +0.8%

SELF GLOBAL SELF STORAGE INC 0.0%

Value ($000) $180 Shares 35,271 Est. Cost $5.05 Unrealized —

ASBPW ASPIRE BIOPHARMA HOLDINGS INC WRNT 2/18/2030 0.0%

Value ($000) $3 Shares 49,846 Est. Cost $0.06 Unrealized —

SAC/U SAFEGUARD ACQUISITION CORP 0.1%

Value ($000) $330 Shares 32,607 Est. Cost $10.05 Unrealized —

DTSQR DT CLOUD STAR ACQUISITION 0.0%

Value ($000) $20 Shares 149,968 Est. Cost $0.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QSEA	QUARTZSEA ACQUISITION CORP	140,189	$1,455	0.3%	$10.02	+2.5%	Common	G7314B104
CHAR	CHARLTON ARIA ACQUISITI-CL A	115,000	$1,216	0.2%	$9.93	+5.8%	Common	G9877L107
GPK	GRAPHIC PACKAGING HOLDING CO	55,000	$547	0.1%	$28.00	-49.6%	Common	388689101
NMP	NMP ACQUISITION CORP - A	495,000	$5,029	0.9%	$9.92	+1.5%	Common	G6375X104
VACH	VOYAGER ACQUISITION CORP	259,371	$2,778	0.5%	$10.50	+1.5%	Common	G93A7H104
BKHA	Black Hawk Acquisition Corp	53,024	$615	0.1%	$10.98	+4.6%	Common	G1148A101
AAT	AMERICAN ASSETS TRUST INC	35,000	$644	0.1%	$19.85	—	Common	024013104
FGMC	FG MERGER II CORP	60,904	$615	0.1%	$9.90	+1.8%	Common	30334J102
—	ASPIRE BIOPHARMA HOLDINGS INC	24,348	$7	0.0%	$0.30	—	Common	738920107
PLMK	PLUM ACQUISITION CORP IV	25,000	$264	0.0%	$10.41	+0.8%	Common	G7134A104
SELF	GLOBAL SELF STORAGE INC	35,271	$180	0.0%	$5.05	—	Common	37955N106
ASBPW	ASPIRE BIOPHARMA HOLDINGS INC WRNT 2/18/2030	49,846	$3	0.0%	$0.06	—	Warrants	738920115
SAC/U	SAFEGUARD ACQUISITION CORP	32,607	$330	0.1%	$10.05	—	Common	G77676123
DTSQR	DT CLOUD STAR ACQUISITION	149,968	$20	0.0%	$0.15	—	Rights	G2853N114