Radcliffe Capital Management, L.P. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Callaway Golf Company	77,410,000	$76,930	4.2%	$0.99	—	CONV	131193AE4
—	Bentley Systems Inc	48,716,000	$48,594	2.6%	$1.00	—	CONV	08265TAB5
—	Marriott Vacations Worldwide Corp	9,000,000	$8,550	0.5%	$0.95	—	CONV	57164YAF4
MESHU	Meshflow Acquisition Corp	749,400	$7,494	0.4%	$10.00	—	Unit	G6032N127
EVOX	Evolution Global Acquisition Corp	720,988	$7,116	0.4%	$9.88	0.0%	Common Stock	G3226F101
—	Capital Southwest Corp	6,949,000	$6,862	0.4%	$0.99	—	CONV	140501AE7
ALUB/U	Alussa Energy Acquisition Corp II	675,000	$6,818	0.4%	$10.10	—	Unit	G0233J126
APXT	Apex Treasury Corp	675,000	$6,676	0.4%	$9.89	0.0%	Common Stock	G04104108
GIW	GigCapital8 Corp	650,000	$6,432	0.4%	$9.91	0.0%	Common Stock	G3864J100
SBXE/U	SilverBox Corp V	635,000	$6,394	0.3%	$10.07	—	Unit	G8148S123
MBVI	M3-Brigade Acquisition VI Corp	635,905	$6,359	0.3%	$10.06	0.0%	Common Stock	G63221108
GSRF	GSR IV Acquisition Corp	609,667	$6,091	0.3%	$10.02	0.0%	Common Stock	G4R12K107
IRHOU	Iron Horse Acquisition II Corp	603,644	$6,003	0.3%	$9.95	—	Unit	46283H202
LPCVU	Launchpad Cadenza Acquisition Corp I	600,000	$5,988	0.3%	$9.98	—	Unit	G6001S123
ADACU	10X Capital Venture Acquisition	600,000	$5,982	0.3%	$9.97	—	Unit	G0R91M121
BDCI	BTC Development Corp	581,316	$5,819	0.3%	$10.10	0.0%	Common Stock	G0701G109
DMII	Drugs Made In America Acquisition II Corp	575,607	$5,699	0.3%	$9.89	0.0%	Common Stock	G2851K104
VACI	Viking Acquisition Corp I	575,000	$5,693	0.3%	$9.92	0.0%	Common Stock	G9582G104
HCACU	Hall Chadwick Acquisition Corp	550,000	$5,511	0.3%	$10.02	—	Unit	G42386121
GPACU	General Purpose Acquisition Corp	550,000	$5,506	0.3%	$10.01	—	Unit	G3810N122
OTGA	OTG Acquisition Corp I	550,000	$5,500	0.3%	$10.02	0.0%	Common Stock	G6791A100
BIXI	Bitcoin Infrastructure Acquisition Corp Ltd	556,079	$5,477	0.3%	$9.85	0.0%	Common Stock	G1143H101
HAVA	Harvard Ave Acquisition Corp	550,000	$5,462	0.3%	$9.91	0.0%	Common Stock	G4330A103
IGAC	Invest Green Acquisition Corp	550,000	$5,412	0.3%	$9.85	0.0%	Common Stock	G4924G102
BLZR	Trailblazer Acquisition Corp	537,741	$5,383	0.3%	$10.08	0.0%	Common Stock	G9009S103
TLNC	Talon Capital Corp	530,385	$5,362	0.3%	$10.08	0.0%	Common Stock	G86652107
HVMC	Highview Merger Corp	532,201	$5,322	0.3%	$10.00	0.0%	Common Stock	G4569C101
ITHAU	ITHAX Acquisition Corp III	525,732	$5,244	0.3%	$9.97	—	Unit	G4977S128
SAC/U	Safeguard Acquisition Corp	500,000	$5,043	0.3%	$10.09	—	Unit	G77676123
CRANU	Crane Harbor Acquisition Corp II	500,000	$5,035	0.3%	$10.07	—	Unit	G25014120
EMIS	Emmis Acquisition Corp	499,126	$4,976	0.3%	$9.97	0.0%	Common Stock	G3037D105
TWLVU	Twelve Seas Investment Co III	500,000	$4,975	0.3%	$9.95	—	Unit	G9145D127
DYOR	Insight Digital Partners II	492,281	$4,879	0.3%	$9.91	0.0%	Common Stock	G4814G105
TDWD	Tailwind 2.0 Acquisition Corp	477,680	$4,705	0.3%	$9.86	0.0%	Common Stock	G8662J111
—	MICROSTRATEGY INC	5,000,000	$4,093	0.2%	$0.82	—	CONV	594972AS0
BLRKU	Bluerock Acquisition Corp	400,431	$4,004	0.2%	$10.00	—	Unit	G1352R121
SCPQU	Social Commerce Partners Corp	399,861	$3,999	0.2%	$10.00	—	Unit	G8254P129
SVAC	Spring Valley Acquisition Corp. III	383,498	$3,896	0.2%	$10.32	0.0%	Common Stock	G8377R101
DNMX	Dynamix Corp III	375,171	$3,710	0.2%	$9.91	0.0%	Common Stock	G2949T109
RNGT	Range Capital Acquisition Corp II	369,089	$3,680	0.2%	$9.99	0.0%	Common Stock	G7375J103
MKLY	McKinley Acquisition Corp	350,000	$3,490	0.2%	$9.95	0.0%	Common Stock	G6005T101
YCY	AA Mission Acquisition Corp II	350,000	$3,488	0.2%	$9.96	0.0%	Common Stock	G1000S109
LATA	Galata Acquisition Corp II	350,000	$3,479	0.2%	$9.97	0.0%	Common Stock	G3R25N108
CRAC	Crown Reserve Acquisition Corp I	350,000	$3,479	0.2%	$9.91	0.0%	Common Stock	G2574F119
VHCPU	Vine Hill Capital Investment Corp II	318,172	$3,188	0.2%	$10.02	—	Unit	G9709D125
AEAQU	Activate Energy Acquisition Corp	315,653	$3,155	0.2%	$10.00	—	Unit	G0081J129
CHEC	Chenghe Acquisition III Co	300,000	$2,991	0.2%	$9.96	0.0%	Common Stock	G2086N105
BCSS	Bain Capital GSS Investment Corp	264,693	$2,668	0.1%	$10.08	0.0%	Common Stock	G0R78B106
FCRS	FutureCrest Acquisition Corp	261,340	$2,640	0.1%	$10.11	0.0%	Common Stock	G3730U107
SVAQU	Silicon Valley Acquisition Corp	250,000	$2,486	0.1%	$9.95	—	Unit	G81306105
AIIA	AI Infrastructure Acquisition Corp	250,000	$2,485	0.1%	$9.93	0.0%	Common Stock	G01336109
CEPV	Cantor Equity Partners V Inc	218,727	$2,242	0.1%	$10.25	0.0%	Common Stock	G1828S109
BEBE/U	TGE Value Creative Solutions Corp	224,414	$2,231	0.1%	$9.94	—	Unit	G8773E126
LKSP	Lake Superior Acquisition Corp	210,000	$2,083	0.1%	$9.92	0.0%	Common Stock	G5354C107
LAFA	LaFayette Acquisition Corp	200,000	$1,980	0.1%	$9.89	0.0%	Common Stock	G53426105
MMTX	Miluna Acquisition Corp	175,000	$1,734	0.1%	$9.89	0.0%	Common Stock	G6180J100
BPACU	Blueport Acquisition Ltd	159,322	$1,601	0.1%	$10.05	—	Unit	G1196A128
APAC	StoneBridge Acquisition II Corp	160,000	$1,592	0.1%	$9.92	0.0%	Common Stock	G85096108
LFACU	Leapfrog Acquisition Corp	156,403	$1,565	0.1%	$10.01	—	Unit	G5414D129
DSACU	Daedalus Special Acquisition Corp	151,268	$1,519	0.1%	$10.04	—	Unit	G2616C124
QUMS	Quantumsphere Acquisition Corp	150,000	$1,502	0.1%	$9.98	0.0%	Common Stock	G7387B106
KBONU	Karbon Capital Partners Corp	146,195	$1,471	0.1%	$10.07	—	Unit	G5225W126
CXW	CoreCivic Inc	75,000	$1,433	0.1%	$18.32	0.0%	Common Stock	21871N101
SSEA	Starry Sea Acquisition Corp	128,372	$1,286	0.1%	$9.98	0.0%	Common Stock	G8559L112
ALIS	Calisa Acquisition Corp	125,000	$1,241	0.1%	$9.91	0.0%	Common Stock	G1771C101
SCIIU	SC II Acquisition Corp	100,000	$1,007	0.1%	$10.07	—	Unit	G7866D128
WSTN	Westin Acquisition Corp	100,000	$989	0.1%	$9.89	0.0%	Common Stock	G9584S106
DXCM	DexCom Inc.	13,000	$863	0.0%	$64.65	0.0%	Common Stock	252131107
VRRM	VM Consolidated Inc	30,000	$672	0.0%	$22.84	0.0%	Common Stock	92511U102
NWAX/U	New America Acquisition I Corp	30,000	$312	0.0%	$10.41	—	Unit	023634207
CCXIU	Churchill Capital Corp XI	22,500	$230	0.0%	$10.21	—	Unit	G2131A124
GIWWR	GigCapital8 Corp	550,000	$182	0.0%	$0.33	—	Right	G3864J118
EVOXW	Evolution Global Acquisition Corp	360,493	$148	0.0%	$0.41	—	Warrant	G3226F119
GSRFR	GSR IV Acquisition Corp	57,709	$142	0.0%	$2.46	—	Right	G4R12K115
ORIQ	Origin Investment Corp I	10,232	$104	0.0%	$10.13	0.0%	Common Stock	G67751100
IGACR	Invest Green Acquisition Corp	550,000	$102	0.0%	$0.18	—	Right	G4924G110
TLNCW	Talon Capital Corp	176,747	$97	0.0%	$0.55	—	Warrant	G86652123
BLZRW	Trailblazer Acquisition Corp	178,346	$92	0.0%	$0.52	—	Warrant	G9009S111
OTGAW	OTG Acquisition Corp I	275,000	$89	0.0%	$0.33	—	Warrant	G6791A118
APXTW	Apex Treasury Corp	298,983	$82	0.0%	$0.28	—	Warrant	G04104124
EMISR	Emmis Acquisition Corp	487,217	$78	0.0%	$0.16	—	Right	G3037D113
DMIIR	Drugs Made In America Acquisition II Corp	575,000	$75	0.0%	$0.13	—	Right	G2851K112
VACI/WS	Viking Acquisition Corp I	191,665	$75	0.0%	$0.39	—	Warrant	G9582G112
SVACW	Spring Valley Acquisition Corp. III	118,322	$75	0.0%	$0.63	—	Warrant	G8377R119
MBVIW	M3-Brigade Acquisition VI Corp	191,665	$74	0.0%	$0.38	—	Warrant	G63221116
CRACR	Crown Reserve Acquisition Corp I	350,000	$72	0.0%	$0.20	—	Right	G2574F127
TDWDR	Tailwind 2.0 Acquisition Corp	421,511	$72	0.0%	$0.17	—	Right	G8662J129
BIXIW	Bitcoin Infrastructure Acquisition Corp Ltd	278,039	$70	0.0%	$0.25	—	Warrant	G1143H119
HVMCW	Highview Merger Corp	266,099	$69	0.0%	$0.26	—	Warrant	G4569C119
HAVAR	Harvard Ave Acquisition Corp	550,000	$63	0.0%	$0.12	—	Right	G4330A111
PELIR	Pelican Acquisition Corp	251,272	$63	0.0%	$0.25	—	Right	G6993G111
ALISR	Calisa Acquisition Corp	125,000	$61	0.0%	$0.49	—	Right	G1771C127
RNGTW	Range Capital Acquisition Corp II	180,299	$58	0.0%	$0.32	—	Warrant	G7375J111
DYORW	Insight Digital Partners II	160,149	$57	0.0%	$0.36	—	Warrant	G4814G113
DNMXW	Dynamix Corp III	161,897	$56	0.0%	$0.34	—	Warrant	G2949T117
AIIA-R	AI Infrastructure Acquisition Corp	200,000	$53	0.0%	$0.27	—	Right	G01336117
MKLYR	McKinley Acquisition Corp	350,000	$44	0.0%	$0.13	—	Right	G6005T119
LATAW	Galata Acquisition Corp II	116,666	$44	0.0%	$0.38	—	Warrant	G3R25N116
YCY/WS	AA Mission Acquisition Corp II	174,999	$39	0.0%	$0.22	—	Warrant	G1000S125
QUMSR	Quantumsphere Acquisition Corp	150,000	$33	0.0%	$0.22	—	Right	G7387B114
BCSS/WS	Bain Capital GSS Investment Corp	47,003	$32	0.0%	$0.68	—	Warrant	G0R78B114
LAFAR	LaFayette Acquisition Corp	200,000	$31	0.0%	$0.15	—	Right	G53426113
SSEAR	Starry Sea Acquisition Corp	128,372	$29	0.0%	$0.22	—	Right	G8559L120
CHECW	Chenghe Acquisition III Co	149,999	$29	0.0%	$0.19	—	Warrant	G2086N121
APACR	StoneBridge Acquisition II Corp	160,000	$23	0.0%	$0.14	—	Right	G85096116
BDCIW	BTC Development Corp	38,124	$22	0.0%	$0.57	—	Warrant	G0701G117
MMTXW	Miluna Acquisition Corp	175,000	$20	0.0%	$0.12	—	Warrant	G6180J118
FCRS/WS	FutureCrest Acquisition Corp	25,000	$19	0.0%	$0.78	—	Warrant	G3730U115
WSTNR	Westin Acquisition Corp	100,000	$19	0.0%	$0.18	—	Right	G9584S114
CRACW	Crown Reserve Acquisition Corp I	175,000	$15	0.0%	$0.09	—	Warrant	G2574S103

Increased Positions (102)

— Marriott Vacations Worldwide Corp 6.2%

Value ($000) $113,365 (+100.5%) Shares 113,786,000 (+97.9%) Est. Cost $0.99 Unrealized —

— Cable One Inc 4.0%

Value ($000) $74,060 (+122.0%) Shares 75,188,000 (+119.5%) Est. Cost $0.97 Unrealized —

— Alarm.com Holdings Inc 3.1%

Value ($000) $57,276 (+161.6%) Shares 57,420,000 (+158.1%) Est. Cost $0.99 Unrealized —

— Vail Resorts Inc 1.8%

Value ($000) $33,692 (+241.7%) Shares 33,692,000 (+236.9%) Est. Cost $1.00 Unrealized —

— DexCom Inc. 1.3%

Value ($000) $23,907 (+424.6%) Shares 26,000,000 (+420.0%) Est. Cost $0.92 Unrealized —

— RingCentral Inc 4.4%

Value ($000) $80,247 (+21.1%) Shares 81,222,000 (+19.4%) Est. Cost $0.96 Unrealized —

— Five9 Inc 1.1%

Value ($000) $19,296 (+191.2%) Shares 21,500,000 (+186.7%) Est. Cost $0.89 Unrealized —

— Enphase Energy Inc 8.1%

Value ($000) $148,073 (+6.5%) Shares 149,750,000 (+4.9%) Est. Cost $0.95 Unrealized —

— Enphase Energy Inc 2.4%

Value ($000) $43,186 (+16.9%) Shares 49,639,000 (+16.4%) Est. Cost $0.84 Unrealized —

— Bandwidth Inc 2.6%

Value ($000) $48,549 (+14.6%) Shares 55,900,000 (+12.0%) Est. Cost $0.82 Unrealized —

DAAQ Digital Asset Acquisition Corp 0.3%

Value ($000) $4,822 (+266.3%) Shares 474,579 (+267.4%) Est. Cost $10.31 Unrealized -0.5%

— Magnite Inc. 4.1%

Value ($000) $75,761 (+4.2%) Shares 76,767,000 (+2.7%) Est. Cost $0.87 Unrealized —

— Gladstone Capital Corp 1.1%

Value ($000) $20,865 (+17.2%) Shares 21,400,000 (+18.9%) Est. Cost $0.99 Unrealized —

— Array Technologies Inc 0.9%

Value ($000) $16,299 (+21.5%) Shares 18,000,000 (+16.1%) Est. Cost $0.82 Unrealized —

WENN Wen Acquisition Corp 0.4%

Value ($000) $6,982 (+61.3%) Shares 691,263 (+61.6%) Est. Cost $10.19 Unrealized -0.1%

KOYN CSLM Digital Asset Acquisition Corp III Ltd 0.4%

Value ($000) $6,982 (+51.5%) Shares 701,739 (+51.1%) Est. Cost $9.94 Unrealized +0.2%

LPBB Launch Two Acquisition Corp 0.2%

Value ($000) $4,230 (+100.9%) Shares 403,258 (+100.1%) Est. Cost $10.42 Unrealized +0.5%

OACC Oaktree Acquisition Corp III Life Sciences 0.2%

Value ($000) $3,989 (+68.2%) Shares 377,065 (+67.1%) Est. Cost $10.49 Unrealized +0.9%

JACS Jackson Acquisition Co II 0.4%

Value ($000) $6,903 (+29.8%) Shares 662,430 (+29.3%) Est. Cost $10.23 Unrealized +1.8%

PCAP ProCap Acquisition Corp 0.3%

Value ($000) $5,003 (+42.0%) Shares 493,841 (+44.0%) Est. Cost $10.29 Unrealized -0.4%

SDHI Siddhi Acquisition Corp 0.4%

Value ($000) $7,025 (+25.8%) Shares 683,370 (+24.2%) Est. Cost $10.13 Unrealized +1.0%

KFII K&F Growth Acquisition Corp II 0.4%

Value ($000) $6,551 (+26.2%) Shares 633,889 (+24.7%) Est. Cost $10.13 Unrealized +1.5%

BEAG Bold Eagle Acquisition Corp 0.3%

Value ($000) $4,607 (+38.5%) Shares 435,448 (+36.1%) Est. Cost $10.45 Unrealized +1.9%

RDAG Republic Digital Acquisition Co 0.1%

Value ($000) $2,699 (+83.6%) Shares 266,602 (+85.1%) Est. Cost $10.27 Unrealized -0.1%

HCMA HCM III Acquisition Corp 0.4%

Value ($000) $7,028 (+21.0%) Shares 700,000 (+21.7%) Est. Cost $10.11 Unrealized +0.6%

NPAC New Providence Acquisition Corp III 0.4%

Value ($000) $6,827 (+20.2%) Shares 665,376 (+19.2%) Est. Cost $10.15 Unrealized +1.0%

SOUL Soulpower Acquisition Corp 0.4%

Value ($000) $6,655 (+19.9%) Shares 655,635 (+19.2%) Est. Cost $10.02 Unrealized +1.4%

TACH Titan Acquisition Corp 0.3%

Value ($000) $6,407 (+20.6%) Shares 625,010 (+19.0%) Est. Cost $10.11 Unrealized +1.2%

CUB Lionheart Holdings 0.2%

Value ($000) $3,670 (+40.0%) Shares 345,241 (+38.7%) Est. Cost $10.50 Unrealized +0.9%

OYSE Oyster Enterprises II Acquisition Corp 0.3%

Value ($000) $6,297 (+19.6%) Shares 623,741 (+18.8%) Est. Cost $10.02 Unrealized +0.5%

CGCT Cartesian Growth Corporation III 0.3%

Value ($000) $6,134 (+20.1%) Shares 595,796 (+17.2%) Est. Cost $10.05 Unrealized +0.9%

SVCC Stellar V Capital Corp 0.1%

Value ($000) $2,208 (+85.9%) Shares 213,002 (+84.7%) Est. Cost $10.31 Unrealized +0.5%

BCAR D Boral ARC Acquisition I Corp 0.3%

Value ($000) $5,513 (+21.9%) Shares 549,672 (+20.7%) Est. Cost $9.93 Unrealized +1.0%

OBA Oxley Bridge Acquisition Ltd 0.3%

Value ($000) $6,303 (+17.8%) Shares 625,296 (+16.2%) Est. Cost $9.95 Unrealized +0.7%

ALF Centurion Acquisition Corp 0.3%

Value ($000) $5,337 (+21.4%) Shares 501,086 (+20.2%) Est. Cost $10.54 Unrealized +0.7%

LWAC Lightwave Acquisition Corp 0.3%

Value ($000) $5,664 (+19.8%) Shares 564,160 (+18.8%) Est. Cost $9.98 Unrealized +0.7%

CRAQ Cal Redwood Acquisition Corp. 0.3%

Value ($000) $5,524 (+17.8%) Shares 545,628 (+16.3%) Est. Cost $10.00 Unrealized +0.9%

AXIN Axiom Intelligence Acquisition Corp 1 0.3%

Value ($000) $5,531 (+17.6%) Shares 549,758 (+16.4%) Est. Cost $9.98 Unrealized +0.7%

FERA Fifth Era Acquisition Corp I 0.2%

Value ($000) $4,161 (+24.2%) Shares 404,403 (+22.8%) Est. Cost $10.16 Unrealized +1.6%

NHIC NewHold Investment Corp III 0.3%

Value ($000) $5,814 (+15.8%) Shares 560,971 (+13.7%) Est. Cost $10.16 Unrealized +1.6%

NTWO Newbury Street II Acquisition Corp 0.2%

Value ($000) $4,318 (+22.4%) Shares 414,038 (+21.6%) Est. Cost $10.23 Unrealized +1.5%

PMTR Perimeter Acquisition Corp I 0.2%

Value ($000) $2,847 (+37.9%) Shares 276,973 (+36.4%) Est. Cost $10.24 Unrealized +0.7%

ONCH 1RT Acquisition Corp 0.1%

Value ($000) $1,421 (+122.1%) Shares 139,292 (+127.5%) Est. Cost $10.29 Unrealized +0.1%

CCII Cohen Circle Acquisition Corp II 0.3%

Value ($000) $6,314 (+13.1%) Shares 616,577 (+12.1%) Est. Cost $10.13 Unrealized +1.3%

JENA Jena Acquisition Corp II 0.3%

Value ($000) $4,891 (+15.9%) Shares 479,790 (+15.4%) Est. Cost $10.14 Unrealized +0.5%

NMPAR NMP Acquisition Corp 0.0%

Value ($000) $75 (-89.9%) Shares 375,000 (+400.0%) Est. Cost $2.15 Unrealized —

SZZL Sizzle Acquisition Corp II 0.3%

Value ($000) $4,973 (+15.4%) Shares 489,484 (+14.5%) Est. Cost $10.00 Unrealized +1.5%

PAII Pyrophyte Acquisition Corp II 0.2%

Value ($000) $3,872 (+20.3%) Shares 384,841 (+19.1%) Est. Cost $9.96 Unrealized +1.1%

GSHR Gesher Acquisition Corp II 0.1%

Value ($000) $2,331 (+35.9%) Shares 227,045 (+34.6%) Est. Cost $10.14 Unrealized +1.0%

KCHVR Kochav Defense Acquisition Corp 0.0%

Value ($000) $125 (-82.6%) Shares 500,000 (+600.0%) Est. Cost $1.65 Unrealized —

EVAC EQV Ventures Acquisition Corp II 0.5%

Value ($000) $9,136 (+6.8%) Shares 910,862 (+5.9%) Est. Cost $9.94 Unrealized +0.7%

ATII Archimedes Tech SPAC Partners Co 0.4%

Value ($000) $6,820 (+9.0%) Shares 658,322 (+7.7%) Est. Cost $10.16 Unrealized +1.9%

BACC Blue Acquisition Corp 0.3%

Value ($000) $5,351 (+11.7%) Shares 524,100 (+9.4%) Est. Cost $9.99 Unrealized +1.6%

COPL Copley Acquisition Corp 0.3%

Value ($000) $5,860 (+10.6%) Shares 572,786 (+9.4%) Est. Cost $10.04 Unrealized +1.5%

SBXD Silverbox Corp IV 0.1%

Value ($000) $2,406 (+29.6%) Shares 227,454 (+28.2%) Est. Cost $10.48 Unrealized +0.5%

MGNI Magnite Inc. 0.1%

Value ($000) $1,419 (+62.8%) Shares 87,400 (+118.5%) Est. Cost $16.30 Unrealized +1.8%

GTERA Globa Terra Acquisition Corp 0.2%

Value ($000) $3,535 (+18.1%) Shares 350,000 (+16.7%) Est. Cost $9.98 Unrealized +0.7%

EGHA EGH Acquisition Corp 0.3%

Value ($000) $5,295 (+10.1%) Shares 522,737 (+9.1%) Est. Cost $10.03 Unrealized +0.8%

KCHV Kochav Defense Acquisition Corp 0.3%

Value ($000) $5,741 (+9.0%) Shares 566,200 (+7.8%) Est. Cost $10.03 Unrealized +0.8%

OYSER Oyster Enterprises II Acquisition Corp 0.0%

Value ($000) $110 (-80.1%) Shares 551,079 (+900.0%) Est. Cost $1.18 Unrealized —

TVAIR Thayer Ventures Acquisition Corp II 0.0%

Value ($000) $97 (-82.1%) Shares 536,883 (+900.0%) Est. Cost $1.17 Unrealized —

PACH Pioneer Acquisition I Corp 0.3%

Value ($000) $6,324 (+7.3%) Shares 629,247 (+6.2%) Est. Cost $9.96 Unrealized +1.1%

ALDF Aldel Financial II Inc 0.2%

Value ($000) $3,886 (+12.0%) Shares 370,459 (+11.6%) Est. Cost $10.41 Unrealized +0.8%

BACCR Blue Acquisition Corp 0.0%

Value ($000) $112 (-77.7%) Shares 371,399 (+642.8%) Est. Cost $1.61 Unrealized —

CEPF Cantor Equity Partners IV Inc 0.3%

Value ($000) $5,498 (+7.1%) Shares 534,810 (+6.1%) Est. Cost $10.16 Unrealized +2.3%

CRAQR Cal Redwood Acquisition Corp. 0.0%

Value ($000) $153 (-69.6%) Shares 503,394 (+900.0%) Est. Cost $1.27 Unrealized —

CHPGR ChampionsGate Acquisition Corp 0.0%

Value ($000) $49 (-86.7%) Shares 289,416 (+700.0%) Est. Cost $1.41 Unrealized —

AXINR Axiom Intelligence Acquisition Corp 1 0.0%

Value ($000) $92 (-77.4%) Shares 408,802 (+900.0%) Est. Cost $1.20 Unrealized —

SOCA Solarius Capital Acquisition Corp 0.2%

Value ($000) $3,299 (+10.4%) Shares 328,299 (+9.4%) Est. Cost $9.99 Unrealized +0.9%

SIMA SIM Acquisition Corp I 0.3%

Value ($000) $5,680 (+5.7%) Shares 536,322 (+5.2%) Est. Cost $10.39 Unrealized +1.6%

PLMK Plum Acquisition Corp IV 0.3%

Value ($000) $4,693 (+6.9%) Shares 449,055 (+5.6%) Est. Cost $10.20 Unrealized +2.0%

SDHIR Siddhi Acquisition Corp 0.0%

Value ($000) $81 (-78.8%) Shares 377,295 (+900.0%) Est. Cost $1.20 Unrealized —

APADR A Paradise Acquisition Corp 0.0%

Value ($000) $71 (-81.0%) Shares 300,000 (+700.0%) Est. Cost $1.44 Unrealized —

TVAI Thayer Ventures Acquisition Corp II 0.3%

Value ($000) $5,313 (+5.9%) Shares 525,000 (+5.0%) Est. Cost $10.02 Unrealized +0.6%

SZZLR Sizzle Acquisition Corp II 0.0%

Value ($000) $53 (-84.6%) Shares 339,951 (+900.0%) Est. Cost $1.14 Unrealized —

FACT Fact II Acquisition Corp 0.3%

Value ($000) $5,447 (+5.6%) Shares 523,289 (+4.7%) Est. Cost $10.29 Unrealized +0.6%

IPOD Dune Acquisition Corp II 0.2%

Value ($000) $4,333 (+7.0%) Shares 424,606 (+6.2%) Est. Cost $10.05 Unrealized +1.3%

— Airbnb Inc 0.4%

Value ($000) $7,880 (+3.6%) Shares 7,964,000 (+2.4%) Est. Cost $0.96 Unrealized —

AACB Artius II Acquisition Inc 0.4%

Value ($000) $6,871 (+4.2%) Shares 667,119 (+2.6%) Est. Cost $10.09 Unrealized +1.6%

FIGX FIGX Capital Acquisition Corp 0.2%

Value ($000) $3,340 (+8.9%) Shares 331,994 (+8.2%) Est. Cost $10.00 Unrealized +0.6%

SOUL-R Soulpower Acquisition Corp 0.0%

Value ($000) $62 (-81.2%) Shares 325,790 (+900.0%) Est. Cost $1.17 Unrealized —

RTAC Renatus Tactical Acquisition Corp I 0.1%

Value ($000) $1,492 (+20.9%) Shares 139,812 (+23.6%) Est. Cost $11.30 Unrealized -3.4%

DMAA Drugs Made In America Acquisition Corp 0.3%

Value ($000) $5,673 (+4.6%) Shares 546,808 (+3.5%) Est. Cost $10.23 Unrealized +1.0%

SPEGR Silver Pegasus Acquisition Corp 0.0%

Value ($000) $89 (-72.9%) Shares 329,218 (+900.0%) Est. Cost $1.24 Unrealized —

LOKV Live Oak Acquisition Corp V 0.3%

Value ($000) $6,081 (+3.7%) Shares 590,384 (+2.7%) Est. Cost $10.29 Unrealized -0.2%

INACR Indigo Acquisition Corp 0.0%

Value ($000) $36 (-85.5%) Shares 250,000 (+900.0%) Est. Cost $1.13 Unrealized —

GTERR Globa Terra Acquisition Corp 0.0%

Value ($000) $37 (-85.0%) Shares 250,000 (+900.0%) Est. Cost $1.13 Unrealized —

AAM AA Mission Acquisition Corp 0.3%

Value ($000) $5,639 (+3.7%) Shares 528,530 (+2.3%) Est. Cost $10.45 Unrealized +1.4%

EGHAR EGH Acquisition Corp 0.0%

Value ($000) $69 (-74.1%) Shares 265,616 (+900.0%) Est. Cost $1.24 Unrealized —

CCIX Churchill Capital Corp IX 0.1%

Value ($000) $1,622 (+13.8%) Shares 152,581 (+12.2%) Est. Cost $10.55 Unrealized +0.9%

KFIIR K&F Growth Acquisition Corp II 0.0%

Value ($000) $55 (-77.8%) Shares 360,850 (+1400.0%) Est. Cost $0.82 Unrealized —

JENA-R Jena Acquisition Corp II 0.0%

Value ($000) $93 (-66.5%) Shares 544,782 (+1900.0%) Est. Cost $0.67 Unrealized —

AACBR Artius II Acquisition Inc 0.0%

Value ($000) $83 (-67.5%) Shares 250,059 (+900.0%) Est. Cost $1.31 Unrealized —

FIVN Five9 Inc 0.1%

Value ($000) $1,704 (-9.1%) Shares 85,000 (+9.7%) Est. Cost $25.98 Unrealized -18.3%

WTGUR Wintergreen Acquisition Corp 0.0%

Value ($000) $18 (-88.9%) Shares 130,016 (+700.0%) Est. Cost $1.38 Unrealized —

BSAAR BEST SPAC I Acquisition Corp 0.0%

Value ($000) $26 (-84.5%) Shares 170,000 (+900.0%) Est. Cost $1.14 Unrealized —

LCCCR Lakeshore Acquisition III Corp 0.0%

Value ($000) $19 (-86.5%) Shares 81,843 (+500.0%) Est. Cost $1.86 Unrealized —

FERAR Fifth Era Acquisition Corp I 0.0%

Value ($000) $38 (-67.6%) Shares 114,949 (+900.0%) Est. Cost $1.31 Unrealized —

GRAF Graf Global Corp 0.0%

Value ($000) $739 (+10.1%) Shares 68,712 (+7.9%) Est. Cost $10.51 Unrealized +1.5%

RANGR Range Capital Acquisition Corp 0.0%

Value ($000) $41 (-60.4%) Shares 100,000 (+900.0%) Est. Cost $1.41 Unrealized —

KOYNW CSLM Digital Asset Acquisition Corp III Ltd 0.0%

Value ($000) $141 (+53.5%) Shares 374,886 (+63.7%) Est. Cost $0.39 Unrealized —

TAVI Tavia Acquisition Corp 0.1%

Value ($000) $1,061 (+3.6%) Shares 101,709 (+2.8%) Est. Cost $10.26 Unrealized +1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Marriott Vacations Worldwide Corp	113,786,000 (+97.9%)	$113,365 (+100.5%)	6.2%	$0.99	—	CONV	57164YAD9
—	Cable One Inc	75,188,000 (+119.5%)	$74,060 (+122.0%)	4.0%	$0.97	—	CONV	12685JAE5
—	Alarm.com Holdings Inc	57,420,000 (+158.1%)	$57,276 (+161.6%)	3.1%	$0.99	—	CONV	011642AB1
—	Vail Resorts Inc	33,692,000 (+236.9%)	$33,692 (+241.7%)	1.8%	$1.00	—	CONV	91879QAN9
—	DexCom Inc.	26,000,000 (+420.0%)	$23,907 (+424.6%)	1.3%	$0.92	—	CONV	252131AM9
—	RingCentral Inc	81,222,000 (+19.4%)	$80,247 (+21.1%)	4.4%	$0.96	—	CONV	76680RAH0
—	Five9 Inc	21,500,000 (+186.7%)	$19,296 (+191.2%)	1.1%	$0.89	—	CONV	338307AF8
—	Enphase Energy Inc	149,750,000 (+4.9%)	$148,073 (+6.5%)	8.1%	$0.95	—	CONV	29355AAH0
—	Enphase Energy Inc	49,639,000 (+16.4%)	$43,186 (+16.9%)	2.4%	$0.84	—	CONV	29355AAK3
—	Bandwidth Inc	55,900,000 (+12.0%)	$48,549 (+14.6%)	2.6%	$0.82	—	CONV	05988JAD5
DAAQ	Digital Asset Acquisition Corp	474,579 (+267.4%)	$4,822 (+266.3%)	0.3%	$10.31	-0.5%	Common Stock	G2868C103
—	Magnite Inc.	76,767,000 (+2.7%)	$75,761 (+4.2%)	4.1%	$0.87	—	CONV	55955DAB6
—	Gladstone Capital Corp	21,400,000 (+18.9%)	$20,865 (+17.2%)	1.1%	$0.99	—	CONV	376535AG5
—	Array Technologies Inc	18,000,000 (+16.1%)	$16,299 (+21.5%)	0.9%	$0.82	—	CONV	04271TAB6
WENN	Wen Acquisition Corp	691,263 (+61.6%)	$6,982 (+61.3%)	0.4%	$10.19	-0.1%	Common Stock	G9R39C103
KOYN	CSLM Digital Asset Acquisition Corp III Ltd	701,739 (+51.1%)	$6,982 (+51.5%)	0.4%	$9.94	+0.2%	Common Stock	G2584S101
LPBB	Launch Two Acquisition Corp	403,258 (+100.1%)	$4,230 (+100.9%)	0.2%	$10.42	+0.5%	Common Stock	G5S87A105
OACC	Oaktree Acquisition Corp III Life Sciences	377,065 (+67.1%)	$3,989 (+68.2%)	0.2%	$10.49	+0.9%	Common Stock	G6717R104
JACS	Jackson Acquisition Co II	662,430 (+29.3%)	$6,903 (+29.8%)	0.4%	$10.23	+1.8%	Common Stock	G4992A110
PCAP	ProCap Acquisition Corp	493,841 (+44.0%)	$5,003 (+42.0%)	0.3%	$10.29	-0.4%	Common Stock	G7257A105
SDHI	Siddhi Acquisition Corp	683,370 (+24.2%)	$7,025 (+25.8%)	0.4%	$10.13	+1.0%	Common Stock	G8118C124
KFII	K&F Growth Acquisition Corp II	633,889 (+24.7%)	$6,551 (+26.2%)	0.4%	$10.13	+1.5%	Common Stock	G52258111
BEAG	Bold Eagle Acquisition Corp	435,448 (+36.1%)	$4,607 (+38.5%)	0.3%	$10.45	+1.9%	Common Stock	G2003N105
RDAG	Republic Digital Acquisition Co	266,602 (+85.1%)	$2,699 (+83.6%)	0.1%	$10.27	-0.1%	Common Stock	G7515A103
HCMA	HCM III Acquisition Corp	700,000 (+21.7%)	$7,028 (+21.0%)	0.4%	$10.11	+0.6%	Common Stock	G4365E103
NPAC	New Providence Acquisition Corp III	665,376 (+19.2%)	$6,827 (+20.2%)	0.4%	$10.15	+1.0%	Common Stock	G6476A102
SOUL	Soulpower Acquisition Corp	655,635 (+19.2%)	$6,655 (+19.9%)	0.4%	$10.02	+1.4%	Common Stock	G82745103
TACH	Titan Acquisition Corp	625,010 (+19.0%)	$6,407 (+20.6%)	0.3%	$10.11	+1.2%	Common Stock	G8901A103
CUB	Lionheart Holdings	345,241 (+38.7%)	$3,670 (+40.0%)	0.2%	$10.50	+0.9%	Common Stock	G5501C109
OYSE	Oyster Enterprises II Acquisition Corp	623,741 (+18.8%)	$6,297 (+19.6%)	0.3%	$10.02	+0.5%	Common Stock	G6861F104
CGCT	Cartesian Growth Corporation III	595,796 (+17.2%)	$6,134 (+20.1%)	0.3%	$10.05	+0.9%	Common Stock	G19307100
SVCC	Stellar V Capital Corp	213,002 (+84.7%)	$2,208 (+85.9%)	0.1%	$10.31	+0.5%	Common Stock	G8475V103
BCAR	D Boral ARC Acquisition I Corp	549,672 (+20.7%)	$5,513 (+21.9%)	0.3%	$9.93	+1.0%	Common Stock	G2616F101
OBA	Oxley Bridge Acquisition Ltd	625,296 (+16.2%)	$6,303 (+17.8%)	0.3%	$9.95	+0.7%	Common Stock	G6858G107
ALF	Centurion Acquisition Corp	501,086 (+20.2%)	$5,337 (+21.4%)	0.3%	$10.54	+0.7%	Common Stock	G20315100
LWAC	Lightwave Acquisition Corp	564,160 (+18.8%)	$5,664 (+19.8%)	0.3%	$9.98	+0.7%	Common Stock	G5490M100
CRAQ	Cal Redwood Acquisition Corp.	545,628 (+16.3%)	$5,524 (+17.8%)	0.3%	$10.00	+0.9%	Common Stock	G17564108
AXIN	Axiom Intelligence Acquisition Corp 1	549,758 (+16.4%)	$5,531 (+17.6%)	0.3%	$9.98	+0.7%	Common Stock	G0750N104
FERA	Fifth Era Acquisition Corp I	404,403 (+22.8%)	$4,161 (+24.2%)	0.2%	$10.16	+1.6%	Common Stock	G3415K101
NHIC	NewHold Investment Corp III	560,971 (+13.7%)	$5,814 (+15.8%)	0.3%	$10.16	+1.6%	Common Stock	G6486E102
NTWO	Newbury Street II Acquisition Corp	414,038 (+21.6%)	$4,318 (+22.4%)	0.2%	$10.23	+1.5%	Common Stock	G6439S109
PMTR	Perimeter Acquisition Corp I	276,973 (+36.4%)	$2,847 (+37.9%)	0.2%	$10.24	+0.7%	Common Stock	G7010A129
ONCH	1RT Acquisition Corp	139,292 (+127.5%)	$1,421 (+122.1%)	0.1%	$10.29	+0.1%	Common Stock	G6757R105
CCII	Cohen Circle Acquisition Corp II	616,577 (+12.1%)	$6,314 (+13.1%)	0.3%	$10.13	+1.3%	Common Stock	G2254C121
JENA	Jena Acquisition Corp II	479,790 (+15.4%)	$4,891 (+15.9%)	0.3%	$10.14	+0.5%	Common Stock	G5093B105
NMPAR	NMP Acquisition Corp	375,000 (+400.0%)	$75 (-89.9%)	0.0%	$2.15	—	Right	G6375X112
SZZL	Sizzle Acquisition Corp II	489,484 (+14.5%)	$4,973 (+15.4%)	0.3%	$10.00	+1.5%	Common Stock	G8193F109
PAII	Pyrophyte Acquisition Corp II	384,841 (+19.1%)	$3,872 (+20.3%)	0.2%	$9.96	+1.1%	Common Stock	G7309T102
GSHR	Gesher Acquisition Corp II	227,045 (+34.6%)	$2,331 (+35.9%)	0.1%	$10.14	+1.0%	Common Stock	G3852D107
KCHVR	Kochav Defense Acquisition Corp	500,000 (+600.0%)	$125 (-82.6%)	0.0%	$1.65	—	Right	G5304D114
EVAC	EQV Ventures Acquisition Corp II	910,862 (+5.9%)	$9,136 (+6.8%)	0.5%	$9.94	+0.7%	Common Stock	G3106Q102
ATII	Archimedes Tech SPAC Partners Co	658,322 (+7.7%)	$6,820 (+9.0%)	0.4%	$10.16	+1.9%	Common Stock	G04537109
BACC	Blue Acquisition Corp	524,100 (+9.4%)	$5,351 (+11.7%)	0.3%	$9.99	+1.6%	Common Stock	G1331A108
COPL	Copley Acquisition Corp	572,786 (+9.4%)	$5,860 (+10.6%)	0.3%	$10.04	+1.5%	Common Stock	G24243100
SBXD	Silverbox Corp IV	227,454 (+28.2%)	$2,406 (+29.6%)	0.1%	$10.48	+0.5%	Common Stock	G81354105
MGNI	Magnite Inc.	87,400 (+118.5%)	$1,419 (+62.8%)	0.1%	$16.30	+1.8%	Common Stock	55955D100
GTERA	Globa Terra Acquisition Corp	350,000 (+16.7%)	$3,535 (+18.1%)	0.2%	$9.98	+0.7%	Common Stock	G3933N116
EGHA	EGH Acquisition Corp	522,737 (+9.1%)	$5,295 (+10.1%)	0.3%	$10.03	+0.8%	Common Stock	G2946P100
KCHV	Kochav Defense Acquisition Corp	566,200 (+7.8%)	$5,741 (+9.0%)	0.3%	$10.03	+0.8%	Common Stock	G5304D106
OYSER	Oyster Enterprises II Acquisition Corp	551,079 (+900.0%)	$110 (-80.1%)	0.0%	$1.18	—	Right	G6861F138
TVAIR	Thayer Ventures Acquisition Corp II	536,883 (+900.0%)	$97 (-82.1%)	0.0%	$1.17	—	Right	G87890110
PACH	Pioneer Acquisition I Corp	629,247 (+6.2%)	$6,324 (+7.3%)	0.3%	$9.96	+1.1%	Common Stock	G7117W107
ALDF	Aldel Financial II Inc	370,459 (+11.6%)	$3,886 (+12.0%)	0.2%	$10.41	+0.8%	Common Stock	G01558108
BACCR	Blue Acquisition Corp	371,399 (+642.8%)	$112 (-77.7%)	0.0%	$1.61	—	Right	G1331A116
CEPF	Cantor Equity Partners IV Inc	534,810 (+6.1%)	$5,498 (+7.1%)	0.3%	$10.16	+2.3%	Common Stock	G1828E100
CRAQR	Cal Redwood Acquisition Corp.	503,394 (+900.0%)	$153 (-69.6%)	0.0%	$1.27	—	Right	G17564116
CHPGR	ChampionsGate Acquisition Corp	289,416 (+700.0%)	$49 (-86.7%)	0.0%	$1.41	—	Right	G2124S116
AXINR	Axiom Intelligence Acquisition Corp 1	408,802 (+900.0%)	$92 (-77.4%)	0.0%	$1.20	—	Right	G0750N112
SOCA	Solarius Capital Acquisition Corp	328,299 (+9.4%)	$3,299 (+10.4%)	0.2%	$9.99	+0.9%	Common Stock	G82617104
SIMA	SIM Acquisition Corp I	536,322 (+5.2%)	$5,680 (+5.7%)	0.3%	$10.39	+1.6%	Common Stock	G8431T101
PLMK	Plum Acquisition Corp IV	449,055 (+5.6%)	$4,693 (+6.9%)	0.3%	$10.20	+2.0%	Common Stock	G7134A104
SDHIR	Siddhi Acquisition Corp	377,295 (+900.0%)	$81 (-78.8%)	0.0%	$1.20	—	Right	G8118C116
APADR	A Paradise Acquisition Corp	300,000 (+700.0%)	$71 (-81.0%)	0.0%	$1.44	—	Right	G04819119
TVAI	Thayer Ventures Acquisition Corp II	525,000 (+5.0%)	$5,313 (+5.9%)	0.3%	$10.02	+0.6%	Common Stock	G87890102
SZZLR	Sizzle Acquisition Corp II	339,951 (+900.0%)	$53 (-84.6%)	0.0%	$1.14	—	Right	G8193F133
FACT	Fact II Acquisition Corp	523,289 (+4.7%)	$5,447 (+5.6%)	0.3%	$10.29	+0.6%	Common Stock	G32901103
IPOD	Dune Acquisition Corp II	424,606 (+6.2%)	$4,333 (+7.0%)	0.2%	$10.05	+1.3%	Common Stock	G2867S109
—	Airbnb Inc	7,964,000 (+2.4%)	$7,880 (+3.6%)	0.4%	$0.96	—	CONV	009066AB7
AACB	Artius II Acquisition Inc	667,119 (+2.6%)	$6,871 (+4.2%)	0.4%	$10.09	+1.6%	Common Stock	G0509J115
FIGX	FIGX Capital Acquisition Corp	331,994 (+8.2%)	$3,340 (+8.9%)	0.2%	$10.00	+0.6%	Common Stock	G3473K100
SOUL-R	Soulpower Acquisition Corp	325,790 (+900.0%)	$62 (-81.2%)	0.0%	$1.17	—	Right	G82745137
RTAC	Renatus Tactical Acquisition Corp I	139,812 (+23.6%)	$1,492 (+20.9%)	0.1%	$11.30	-3.4%	Common Stock	G7490F101
DMAA	Drugs Made In America Acquisition Corp	546,808 (+3.5%)	$5,673 (+4.6%)	0.3%	$10.23	+1.0%	Common Stock	G2847J104
SPEGR	Silver Pegasus Acquisition Corp	329,218 (+900.0%)	$89 (-72.9%)	0.0%	$1.24	—	Right	G8192J136
LOKV	Live Oak Acquisition Corp V	590,384 (+2.7%)	$6,081 (+3.7%)	0.3%	$10.29	-0.2%	Common Stock	G5509P102
INACR	Indigo Acquisition Corp	250,000 (+900.0%)	$36 (-85.5%)	0.0%	$1.13	—	Right	G4791J114
GTERR	Globa Terra Acquisition Corp	250,000 (+900.0%)	$37 (-85.0%)	0.0%	$1.13	—	Right	G3933N132
AAM	AA Mission Acquisition Corp	528,530 (+2.3%)	$5,639 (+3.7%)	0.3%	$10.45	+1.4%	Common Stock	G1000R101
EGHAR	EGH Acquisition Corp	265,616 (+900.0%)	$69 (-74.1%)	0.0%	$1.24	—	Right	G2946P118
CCIX	Churchill Capital Corp IX	152,581 (+12.2%)	$1,622 (+13.8%)	0.1%	$10.55	+0.9%	Common Stock	G21301109
KFIIR	K&F Growth Acquisition Corp II	360,850 (+1400.0%)	$55 (-77.8%)	0.0%	$0.82	—	Right	G52258129
JENA-R	Jena Acquisition Corp II	544,782 (+1900.0%)	$93 (-66.5%)	0.0%	$0.67	—	Right	G5093B113
AACBR	Artius II Acquisition Inc	250,059 (+900.0%)	$83 (-67.5%)	0.0%	$1.31	—	Right	G0509J123
FIVN	Five9 Inc	85,000 (+9.7%)	$1,704 (-9.1%)	0.1%	$25.98	-18.3%	Common Stock	338307101
WTGUR	Wintergreen Acquisition Corp	130,016 (+700.0%)	$18 (-88.9%)	0.0%	$1.38	—	Right	G9717M117
BSAAR	BEST SPAC I Acquisition Corp	170,000 (+900.0%)	$26 (-84.5%)	0.0%	$1.14	—	Right	G1069P129
LCCCR	Lakeshore Acquisition III Corp	81,843 (+500.0%)	$19 (-86.5%)	0.0%	$1.86	—	Right	G5353S137
FERAR	Fifth Era Acquisition Corp I	114,949 (+900.0%)	$38 (-67.6%)	0.0%	$1.31	—	Right	G3415K135
GRAF	Graf Global Corp	68,712 (+7.9%)	$739 (+10.1%)	0.0%	$10.51	+1.5%	Common Stock	G4036C106
RANGR	Range Capital Acquisition Corp	100,000 (+900.0%)	$41 (-60.4%)	0.0%	$1.41	—	Right	G7375C116
KOYNW	CSLM Digital Asset Acquisition Corp III Ltd	374,886 (+63.7%)	$141 (+53.5%)	0.0%	$0.39	—	Warrant	G2584S119
TAVI	Tavia Acquisition Corp	101,709 (+2.8%)	$1,061 (+3.6%)	0.1%	$10.26	+1.4%	Common Stock	G86880104

Exited Positions (38)

— DexCom Inc. 6.4%

Value ($000) $118,075 Shares 119,027,000 Est. Cost $0.99 Unrealized —

— New Mountain Finance Corporation 6.2%

Value ($000) $113,990 Shares 114,047,000 Est. Cost $1.01 Unrealized —

— Fiverr International Ltd 5.6%

Value ($000) $103,179 Shares 103,677,000 Est. Cost $0.96 Unrealized —

— Upwork Inc 0.6%

Value ($000) $10,755 Shares 11,123,000 Est. Cost $0.92 Unrealized —

MBVIU M3-Brigade Acquisition VI Corp 0.3%

Value ($000) $5,819 Shares 575,000 Est. Cost $10.12 Unrealized —

DMIIU Drugs Made In America Acquisition II Corp 0.3%

Value ($000) $5,718 Shares 575,000 Est. Cost $9.95 Unrealized —

— MICROSTRATEGY INC 0.3%

Value ($000) $5,596 Shares 2,500,000 Est. Cost $2.03 Unrealized —

OTGAU OTG Acquisition Corp I 0.3%

Value ($000) $5,539 Shares 550,000 Est. Cost $10.07 Unrealized —

— Novocure Ltd 0.3%

Value ($000) $5,425 Shares 5,480,000 Est. Cost $0.99 Unrealized —

HVMCU Highview Merger Corp 0.3%

Value ($000) $5,386 Shares 532,201 Est. Cost $10.12 Unrealized —

TLNCU Talon Capital Corp 0.3%

Value ($000) $5,318 Shares 529,232 Est. Cost $10.05 Unrealized —

BLZRU Trailblazer Acquisition Corp 0.3%

Value ($000) $5,242 Shares 512,705 Est. Cost $10.22 Unrealized —

— Emmis Acquisition Corp 0.3%

Value ($000) $4,743 Shares 475,000 Est. Cost $9.98 Unrealized —

GSRFU GSR IV Acquisition Corp 0.2%

Value ($000) $4,094 Shares 403,911 Est. Cost $10.13 Unrealized —

CCCX Churchill Capital Corp X 0.2%

Value ($000) $3,651 Shares 283,917 Est. Cost $12.86 Unrealized —

SVACU Spring Valley Acquisition Corp. III 0.2%

Value ($000) $3,649 Shares 354,972 Est. Cost $10.28 Unrealized —

MKLYU McKinley Acquisition Corp 0.2%

Value ($000) $3,497 Shares 350,000 Est. Cost $9.99 Unrealized —

LATAU Galata Acquisition Corp II 0.2%

Value ($000) $3,493 Shares 350,000 Est. Cost $9.98 Unrealized —

CHECU Chenghe Acquisition III Co 0.2%

Value ($000) $2,994 Shares 300,000 Est. Cost $9.98 Unrealized —

— Nabors Energy Transition Corp II 0.2%

Value ($000) $2,803 Shares 250,000 Est. Cost $11.10 Unrealized —

— Columbus Circle Capital Corp I 0.1%

Value ($000) $1,821 Shares 179,930 Est. Cost $10.62 Unrealized —

BCSS/U Bain Capital GSS Investment Corp 0.1%

Value ($000) $1,809 Shares 179,323 Est. Cost $10.09 Unrealized —

APACU StoneBridge Acquisition II Corp 0.1%

Value ($000) $1,595 Shares 160,000 Est. Cost $9.97 Unrealized —

BDCIU BTC Development Corp 0.1%

Value ($000) $1,540 Shares 152,500 Est. Cost $10.10 Unrealized —

QUMSU Quantumsphere Acquisition Corp 0.1%

Value ($000) $1,520 Shares 150,000 Est. Cost $10.13 Unrealized —

SSEAU Starry Sea Acquisition Corp 0.1%

Value ($000) $1,302 Shares 128,372 Est. Cost $10.14 Unrealized —

— GSR III Acquisition Corp 0.0%

Value ($000) $811 Shares 78,283 Est. Cost $9.89 Unrealized —

FCRS/U FutureCrest Acquisition Corp 0.0%

Value ($000) $795 Shares 75,000 Est. Cost $10.60 Unrealized —

JAAA Janus Henderson AAA CLO ETF 0.0%

Value ($000) $728 Shares 14,329 Est. Cost $50.78 Unrealized —

WLAC Willow Lane Acquisition Corp 0.0%

Value ($000) $558 Shares 48,200 Est. Cost $10.29 Unrealized +19.6%

ASPC A SPAC III Acquisition Corp 0.0%

Value ($000) $340 Shares 32,870 Est. Cost $10.16 Unrealized +17.4%

RFAI RF Acquisition Corp II 0.0%

Value ($000) $323 Shares 30,066 Est. Cost $10.59 Unrealized +1.3%

PCSC Perceptive Capital Solutions Corp 0.0%

Value ($000) $128 Shares 12,027 Est. Cost $10.58 Unrealized +6.5%

TVACW Texas Ventures Acquisition III Corp 0.0%

Value ($000) $97 Shares 85,900 Est. Cost $0.26 Unrealized —

— Columbus Circle Capital Corp I 0.0%

Value ($000) $73 Shares 62,776 Est. Cost $1.82 Unrealized —

RTACW Renatus Tactical Acquisition Corp I 0.0%

Value ($000) $29 Shares 24,394 Est. Cost $2.03 Unrealized —

GIGGW GigCapital7 Corp 0.0%

Value ($000) $15 Shares 31,747 Est. Cost — Unrealized —

HVIIR Hennessy Capital Investment Corp VII 0.0%

Value ($000) $7 Shares 25,151 Est. Cost $0.29 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DexCom Inc.	119,027,000	$118,075	6.4%	$0.99	—	—	252131AK3
—	New Mountain Finance Corporation	114,047,000	$113,990	6.2%	$1.01	—	—	647551AE0
—	Fiverr International Ltd	103,677,000	$103,179	5.6%	$0.96	—	—	33835LAA3
—	Upwork Inc	11,123,000	$10,755	0.6%	$0.92	—	—	91688FAB0
MBVIU	M3-Brigade Acquisition VI Corp	575,000	$5,819	0.3%	$10.12	—	—	G63221124
DMIIU	Drugs Made In America Acquisition II Corp	575,000	$5,718	0.3%	$9.95	—	—	G2851K120
—	MICROSTRATEGY INC	2,500,000	$5,596	0.3%	$2.03	—	—	594972AJ0
OTGAU	OTG Acquisition Corp I	550,000	$5,539	0.3%	$10.07	—	—	G6791A126
—	Novocure Ltd	5,480,000	$5,425	0.3%	$0.99	—	—	67011XAB9
HVMCU	Highview Merger Corp	532,201	$5,386	0.3%	$10.12	—	—	G4569C127
TLNCU	Talon Capital Corp	529,232	$5,318	0.3%	$10.05	—	—	G86652115
BLZRU	Trailblazer Acquisition Corp	512,705	$5,242	0.3%	$10.22	—	—	G9009S129
—	Emmis Acquisition Corp	475,000	$4,743	0.3%	$9.98	—	—	G3037D121
GSRFU	GSR IV Acquisition Corp	403,911	$4,094	0.2%	$10.13	—	—	G4R12K123
CCCX	Churchill Capital Corp X	283,917	$3,651	0.2%	$12.86	—	—	G2130T108
SVACU	Spring Valley Acquisition Corp. III	354,972	$3,649	0.2%	$10.28	—	—	G8377R127
MKLYU	McKinley Acquisition Corp	350,000	$3,497	0.2%	$9.99	—	—	G6005T127
LATAU	Galata Acquisition Corp II	350,000	$3,493	0.2%	$9.98	—	—	G3R25N124
CHECU	Chenghe Acquisition III Co	300,000	$2,994	0.2%	$9.98	—	—	G2086N113
—	Nabors Energy Transition Corp II	250,000	$2,803	0.2%	$11.10	—	—	G6363K106
—	Columbus Circle Capital Corp I	179,930	$1,821	0.1%	$10.62	—	—	G2296A109
BCSS/U	Bain Capital GSS Investment Corp	179,323	$1,809	0.1%	$10.09	—	—	G0R78B122
APACU	StoneBridge Acquisition II Corp	160,000	$1,595	0.1%	$9.97	—	—	G85096124
BDCIU	BTC Development Corp	152,500	$1,540	0.1%	$10.10	—	—	G0701G125
QUMSU	Quantumsphere Acquisition Corp	150,000	$1,520	0.1%	$10.13	—	—	G7387B122
SSEAU	Starry Sea Acquisition Corp	128,372	$1,302	0.1%	$10.14	—	—	G8559L104
—	GSR III Acquisition Corp	78,283	$811	0.0%	$9.89	—	—	G4R103107
FCRS/U	FutureCrest Acquisition Corp	75,000	$795	0.0%	$10.60	—	—	G3730U123
JAAA	Janus Henderson AAA CLO ETF	14,329	$728	0.0%	$50.78	—	—	47103U845
WLAC	Willow Lane Acquisition Corp	48,200	$558	0.0%	$10.29	+19.6%	—	G9675P102
ASPC	A SPAC III Acquisition Corp	32,870	$340	0.0%	$10.16	+17.4%	—	G0544A103
RFAI	RF Acquisition Corp II	30,066	$323	0.0%	$10.59	+1.3%	—	G75389109
PCSC	Perceptive Capital Solutions Corp	12,027	$128	0.0%	$10.58	+6.5%	—	G70077105
TVACW	Texas Ventures Acquisition III Corp	85,900	$97	0.0%	$0.26	—	—	G8772L113
—	Columbus Circle Capital Corp I	62,776	$73	0.0%	$1.82	—	—	G2296A117
RTACW	Renatus Tactical Acquisition Corp I	24,394	$29	0.0%	$2.03	—	—	G7490F127
GIGGW	GigCapital7 Corp	31,747	$15	0.0%	—	—	—	G38648120
HVIIR	Hennessy Capital Investment Corp VII	25,151	$7	0.0%	$0.29	—	—	G4405D115

Decreased Positions (24)

— Etsy Inc 0.2%

Value ($000) $3,717 (-65.2%) Shares 4,025,000 (-65.3%) Est. Cost $0.85 Unrealized —

BACQ Bleichroeder Acquisition Corp I 0.3%

Value ($000) $5,585 (-41.1%) Shares 521,028 (-42.9%) Est. Cost $10.33 Unrealized +5.2%

GIG GigCapital7 Corp 0.2%

Value ($000) $3,023 (-45.3%) Shares 286,789 (-45.3%) Est. Cost $10.38 Unrealized +2.7%

CHAC Crane Harbor Acquisition Corp 0.2%

Value ($000) $3,316 (-37.7%) Shares 307,926 (-41.3%) Est. Cost $9.99 Unrealized +11.5%

TVA Texas Ventures Acquisition III Corp 0.2%

Value ($000) $3,755 (-20.7%) Shares 352,594 (-20.3%) Est. Cost $10.05 Unrealized +8.1%

— Unity Software Inc 0.9%

Value ($000) $16,580 (-5.6%) Shares 17,181,000 (-6.9%) Est. Cost $0.88 Unrealized —

VCIC Vine Hill Capital Investment Corp 0.1%

Value ($000) $1,893 (-30.0%) Shares 175,730 (-30.4%) Est. Cost $10.41 Unrealized +5.1%

TDOC Teladoc Health Inc 0.1%

Value ($000) $1,409 (-30.5%) Shares 201,300 (-23.3%) Est. Cost $7.75 Unrealized +1.1%

HVII Hennessy Capital Investment Corp VII 0.3%

Value ($000) $5,451 (-5.9%) Shares 526,647 (-7.4%) Est. Cost $10.01 Unrealized +3.8%

CEPT Cantor Equity Partners II Inc 0.0%

Value ($000) $217 (-53.6%) Shares 19,229 (-56.7%) Est. Cost $10.76 Unrealized +4.9%

XRPN Armada Acquisition Corp II 0.3%

Value ($000) $4,780 (-4.4%) Shares 466,789 (-2.6%) Est. Cost $10.04 Unrealized +2.3%

ETHM The Ether Reserve LLC 0.1%

Value ($000) $938 (-18.6%) Shares 91,192 (-17.6%) Est. Cost $10.05 Unrealized +3.2%

AEXA American Exceptionalism Acquisition Corp A 0.2%

Value ($000) $4,173 (-4.5%) Shares 366,382 (-8.4%) Est. Cost $10.77 Unrealized +4.2%

PCRX Pacira Biosciences Inc. 0.1%

Value ($000) $1,031 (-15.9%) Shares 39,831 (-16.3%) Est. Cost $24.56 Unrealized -3.2%

MCGA Yorkville Acquisition Corp 0.2%

Value ($000) $2,985 (-5.9%) Shares 294,690 (-1.0%) Est. Cost $10.72 Unrealized -3.9%

COLA Columbus Acquisition Corp 0.0%

Value ($000) $442 (-25.7%) Shares 42,518 (-26.8%) Est. Cost $10.18 Unrealized +1.2%

SPKL Spark I Acquisition Corp 0.0%

Value ($000) $451 (-20.3%) Shares 39,488 (-18.9%) Est. Cost $10.84 Unrealized +4.9%

LEGT Legato Merger Corp III 0.2%

Value ($000) $3,806 (-2.4%) Shares 349,810 (-3.5%) Est. Cost $10.66 Unrealized +1.7%

BLUWW Blue Water Acquisition Corp III 0.0%

Value ($000) $121 (+272.0%) Shares 196,999 (-12.4%) Est. Cost $0.15 Unrealized —

CGCTW Cartesian Growth Corporation III 0.0%

Value ($000) $111 (+183.8%) Shares 135,242 (-7.2%) Est. Cost $0.27 Unrealized —

MCGAW Yorkville Acquisition Corp 0.0%

Value ($000) $17 (-72.1%) Shares 34,430 (-31.0%) Est. Cost $1.25 Unrealized —

XRPNW Armada Acquisition Corp II 0.0%

Value ($000) $210 (-16.9%) Shares 240,012 (-10.3%) Est. Cost $0.28 Unrealized —

CCIIW Cohen Circle Acquisition Corp II 0.0%

Value ($000) $89 (-11.0%) Shares 123,600 (-1.1%) Est. Cost $0.80 Unrealized —

RANG Range Capital Acquisition Corp 0.0%

Value ($000) $258 (-3.5%) Shares 24,735 (-3.8%) Est. Cost $10.19 Unrealized +2.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Etsy Inc	4,025,000 (-65.3%)	$3,717 (-65.2%)	0.2%	$0.85	—	CONV	29786AAL0
BACQ	Bleichroeder Acquisition Corp I	521,028 (-42.9%)	$5,585 (-41.1%)	0.3%	$10.33	+5.2%	Common Stock	G1169T104
GIG	GigCapital7 Corp	286,789 (-45.3%)	$3,023 (-45.3%)	0.2%	$10.38	+2.7%	Common Stock	G38648104
CHAC	Crane Harbor Acquisition Corp	307,926 (-41.3%)	$3,316 (-37.7%)	0.2%	$9.99	+11.5%	Common Stock	G24979109
TVA	Texas Ventures Acquisition III Corp	352,594 (-20.3%)	$3,755 (-20.7%)	0.2%	$10.05	+8.1%	Common Stock	G8772L105
—	Unity Software Inc	17,181,000 (-6.9%)	$16,580 (-5.6%)	0.9%	$0.88	—	CONV	91332UAB7
VCIC	Vine Hill Capital Investment Corp	175,730 (-30.4%)	$1,893 (-30.0%)	0.1%	$10.41	+5.1%	Common Stock	G93Y09107
TDOC	Teladoc Health Inc	201,300 (-23.3%)	$1,409 (-30.5%)	0.1%	$7.75	+1.1%	Common Stock	87918A105
HVII	Hennessy Capital Investment Corp VII	526,647 (-7.4%)	$5,451 (-5.9%)	0.3%	$10.01	+3.8%	Common Stock	G4405D107
CEPT	Cantor Equity Partners II Inc	19,229 (-56.7%)	$217 (-53.6%)	0.0%	$10.76	+4.9%	Common Stock	G1827P106
XRPN	Armada Acquisition Corp II	466,789 (-2.6%)	$4,780 (-4.4%)	0.3%	$10.04	+2.3%	Common Stock	G0R38G104
ETHM	The Ether Reserve LLC	91,192 (-17.6%)	$938 (-18.6%)	0.1%	$10.05	+3.2%	Common Stock	G2949D104
AEXA	American Exceptionalism Acquisition Corp A	366,382 (-8.4%)	$4,173 (-4.5%)	0.2%	$10.77	+4.2%	Common Stock	G0273J101
PCRX	Pacira Biosciences Inc.	39,831 (-16.3%)	$1,031 (-15.9%)	0.1%	$24.56	-3.2%	Common Stock	695127100
MCGA	Yorkville Acquisition Corp	294,690 (-1.0%)	$2,985 (-5.9%)	0.2%	$10.72	-3.9%	Common Stock	G98659116
COLA	Columbus Acquisition Corp	42,518 (-26.8%)	$442 (-25.7%)	0.0%	$10.18	+1.2%	Common Stock	G2295P107
SPKL	Spark I Acquisition Corp	39,488 (-18.9%)	$451 (-20.3%)	0.0%	$10.84	+4.9%	Common Stock	G8316B100
LEGT	Legato Merger Corp III	349,810 (-3.5%)	$3,806 (-2.4%)	0.2%	$10.66	+1.7%	Common Stock	G5451A103
BLUWW	Blue Water Acquisition Corp III	196,999 (-12.4%)	$121 (+272.0%)	0.0%	$0.15	—	Warrant	G1368E114
CGCTW	Cartesian Growth Corporation III	135,242 (-7.2%)	$111 (+183.8%)	0.0%	$0.27	—	Warrant	G19307126
MCGAW	Yorkville Acquisition Corp	34,430 (-31.0%)	$17 (-72.1%)	0.0%	$1.25	—	Warrant	G98659124
XRPNW	Armada Acquisition Corp II	240,012 (-10.3%)	$210 (-16.9%)	0.0%	$0.28	—	Warrant	G0R38G112
CCIIW	Cohen Circle Acquisition Corp II	123,600 (-1.1%)	$89 (-11.0%)	0.0%	$0.80	—	Warrant	G2254C113
RANG	Range Capital Acquisition Corp	24,735 (-3.8%)	$258 (-3.5%)	0.0%	$10.19	+2.8%	Common Stock	G7375C108

Unchanged Positions (73)

DMAAR Drugs Made In America Acquisition Corp 0.0%

Value ($000) $56 Shares 325,100 Est. Cost $10.27 Unrealized —

— Teladoc Health Inc 6.0%

Value ($000) $109,963 Shares 115,750,000 Est. Cost $0.87 Unrealized —

TAVIR Tavia Acquisition Corp 0.0%

Value ($000) $38 Shares 181,900 Est. Cost $10.36 Unrealized —

— Coinbase Global Inc 0.3%

Value ($000) $6,138 Shares 6,000,000 Est. Cost $1.09 Unrealized —

— Etsy Inc 1.8%

Value ($000) $33,896 Shares 38,000,000 Est. Cost $0.79 Unrealized —

— Snowflake Inc 0.4%

Value ($000) $7,428 Shares 5,000,000 Est. Cost $1.52 Unrealized —

BLUW Blue Water Acquisition Corp III 0.3%

Value ($000) $4,902 Shares 475,000 Est. Cost $9.97 Unrealized +1.6%

— BlackLine Inc 0.6%

Value ($000) $10,564 Shares 10,692,000 Est. Cost $0.93 Unrealized —

— FuboTV Inc 0.6%

Value ($000) $11,726 Shares 11,737,000 Est. Cost $0.99 Unrealized —

— Dropbox Inc 0.3%

Value ($000) $5,040 Shares 5,000,000 Est. Cost $0.96 Unrealized —

— BILL Holdings Inc 0.4%

Value ($000) $6,900 Shares 7,302,000 Est. Cost $0.89 Unrealized —

ANSC Agriculture & Natural Solutions Acquisition Corp 0.2%

Value ($000) $4,523 Shares 404,238 Est. Cost $10.76 Unrealized +3.1%

VACH Voyager Acquisition Corp 0.3%

Value ($000) $5,335 Shares 500,000 Est. Cost $10.30 Unrealized +2.2%

— BlackLine Inc 0.3%

Value ($000) $5,268 Shares 5,000,000 Est. Cost $1.06 Unrealized —

TDAC Translational Development Acquisition Corp 0.3%

Value ($000) $5,295 Shares 505,514 Est. Cost $10.28 Unrealized +1.5%

DRDB Roman DBDR Acquisition Corp II 0.3%

Value ($000) $5,479 Shares 525,266 Est. Cost $10.25 Unrealized +1.7%

TACO BERTO ACQUISITION CORP 0.2%

Value ($000) $3,523 Shares 347,482 Est. Cost $10.38 Unrealized -1.1%

RAC Rithm Acquisition Corp 0.2%

Value ($000) $4,147 Shares 399,101 Est. Cost $10.07 Unrealized +2.8%

MACI Melar Acquisition Corp I 0.2%

Value ($000) $4,538 Shares 426,939 Est. Cost $10.40 Unrealized +1.7%

GPAT GP-Act III Acquisition Corp 0.3%

Value ($000) $6,128 Shares 573,222 Est. Cost $10.54 Unrealized +1.1%

APAD A Paradise Acquisition Corp 0.2%

Value ($000) $3,518 Shares 350,000 Est. Cost $9.89 Unrealized +1.1%

FTW EQV Ventures Acquisition Corp 0.2%

Value ($000) $4,165 Shares 397,032 Est. Cost $10.40 Unrealized +0.5%

POLE Andretti Acquisition Corp II 0.3%

Value ($000) $5,031 Shares 478,664 Est. Cost $10.35 Unrealized +1.9%

VNME Vendome Acquisition Corp I 0.2%

Value ($000) $3,672 Shares 365,419 Est. Cost $9.92 Unrealized +1.1%

HCMAW HCM III Acquisition Corp 0.0%

Value ($000) $96 Shares 191,665 Est. Cost $0.71 Unrealized —

CAEP Cantor Equity Partners III Inc 0.2%

Value ($000) $3,301 Shares 323,608 Est. Cost $10.52 Unrealized -1.4%

NMP NMP Acquisition Corp 0.2%

Value ($000) $3,756 Shares 374,900 Est. Cost $9.92 Unrealized +0.9%

SPEG Silver Pegasus Acquisition Corp 0.2%

Value ($000) $3,208 Shares 318,618 Est. Cost $9.96 Unrealized +0.9%

BCARW D Boral ARC Acquisition I Corp 0.0%

Value ($000) $65 Shares 177,673 Est. Cost $0.19 Unrealized —

WENNW Wen Acquisition Corp 0.0%

Value ($000) $38 Shares 113,810 Est. Cost $0.58 Unrealized —

PGAC Pantages Capital Acquisition Corporation 0.1%

Value ($000) $2,378 Shares 229,090 Est. Cost $10.10 Unrealized +2.2%

GTEN Gores Holdings X Inc 0.4%

Value ($000) $6,745 Shares 658,063 Est. Cost $10.24 Unrealized +0.9%

CHPG ChampionsGate Acquisition Corp 0.1%

Value ($000) $2,443 Shares 239,738 Est. Cost $10.03 Unrealized +1.1%

EVAC/WS EQV Ventures Acquisition Corp II 0.0%

Value ($000) $89 Shares 266,665 Est. Cost $0.25 Unrealized —

PELI Pelican Acquisition Corp 0.1%

Value ($000) $2,531 Shares 249,365 Est. Cost $9.99 Unrealized +1.4%

INAC Indigo Acquisition Corp 0.1%

Value ($000) $2,513 Shares 250,000 Est. Cost $9.96 Unrealized +0.7%

MLAC Mountain Lake Acquisition Corp 0.1%

Value ($000) $2,008 Shares 193,057 Est. Cost $10.22 Unrealized +1.9%

VNMEW Vendome Acquisition Corp I 0.0%

Value ($000) $51 Shares 187,500 Est. Cost $0.20 Unrealized —

OBAWW Oxley Bridge Acquisition Ltd 0.0%

Value ($000) $59 Shares 249,999 Est. Cost $0.18 Unrealized —

RAAQ Real Asset Acquisition Corp 0.2%

Value ($000) $3,944 Shares 385,923 Est. Cost $10.15 Unrealized +1.5%

IPCX Inflection Point Acquisition Corp III 0.1%

Value ($000) $2,674 Shares 263,743 Est. Cost $10.15 Unrealized +0.1%

IPODW Dune Acquisition Corp II 0.0%

Value ($000) $57 Shares 210,324 Est. Cost $0.19 Unrealized —

BSAA BEST SPAC I Acquisition Corp 0.1%

Value ($000) $1,720 Shares 170,000 Est. Cost $10.02 Unrealized +0.8%

LWACW Lightwave Acquisition Corp 0.0%

Value ($000) $58 Shares 250,000 Est. Cost $0.19 Unrealized —

LCCC Lakeshore Acquisition III Corp 0.1%

Value ($000) $1,020 Shares 100,052 Est. Cost $10.01 Unrealized +1.3%

WTG Wintergreen Acquisition Corp 0.1%

Value ($000) $1,007 Shares 99,016 Est. Cost $10.05 Unrealized +0.8%

CHAR Charlton Aria Acquisition Corp 0.0%

Value ($000) $788 Shares 75,151 Est. Cost $10.32 Unrealized +0.9%

UYSC UY Scuti Acquisition Corp 0.1%

Value ($000) $1,283 Shares 125,125 Est. Cost $10.02 Unrealized +1.8%

SOCAW Solarius Capital Acquisition Corp 0.0%

Value ($000) $38 Shares 125,100 Est. Cost $0.22 Unrealized —

PCAPW ProCap Acquisition Corp 0.0%

Value ($000) $11 Shares 30,432 Est. Cost $0.68 Unrealized —

PMTRW Perimeter Acquisition Corp I 0.0%

Value ($000) $43 Shares 56,300 Est. Cost $0.60 Unrealized —

HPAI Tristar Acquisition I Corp. 0.0%

Value ($000) $44 Shares 10,514 Est. Cost $4.15 Unrealized -17.3%

PACHW Pioneer Acquisition I Corp 0.0%

Value ($000) $60 Shares 250,000 Est. Cost $0.21 Unrealized —

TACOW BERTO ACQUISITION CORP 0.0%

Value ($000) $11 Shares 26,343 Est. Cost $0.69 Unrealized —

GTENW Gores Holdings X Inc 0.0%

Value ($000) $140 Shares 164,515 Est. Cost $0.61 Unrealized —

FIGXW FIGX Capital Acquisition Corp 0.0%

Value ($000) $41 Shares 153,145 Est. Cost $0.23 Unrealized —

LPAA Launch One Acquisition Corp 0.0%

Value ($000) $592 Shares 55,905 Est. Cost $10.44 Unrealized +0.9%

IPEX Inflection Point Acquisition Corp. V 0.1%

Value ($000) $1,152 Shares 112,061 Est. Cost $10.14 Unrealized +1.6%

MBAV M3-Brigade Acquisition V Corp 0.0%

Value ($000) $548 Shares 51,523 Est. Cost $10.68 Unrealized -0.6%

PAII/WS Pyrophyte Acquisition Corp II 0.0%

Value ($000) $31 Shares 77,981 Est. Cost $0.35 Unrealized —

CAPN Cayson Acquisition Corp 0.0%

Value ($000) $286 Shares 26,875 Est. Cost $10.23 Unrealized +3.0%

ONCHW 1RT Acquisition Corp 0.0%

Value ($000) $10 Shares 14,830 Est. Cost $0.91 Unrealized —

NOEM CO2 Energy Transition Corp 0.0%

Value ($000) $312 Shares 30,291 Est. Cost $10.13 Unrealized +1.2%

HSPT HORIZON SPACE ACQUISITION II Corp 0.0%

Value ($000) $159 Shares 15,017 Est. Cost $10.16 Unrealized +2.8%

HYAC Haymaker Acquisition Corp 4 0.0%

Value ($000) $872 Shares 76,631 Est. Cost $11.06 Unrealized +2.4%

QSEA Quartzsea Acquisition Corp 0.0%

Value ($000) $272 Shares 26,553 Est. Cost $10.02 Unrealized +1.7%

GTERW Globa Terra Acquisition Corp 0.0%

Value ($000) $27 Shares 187,500 Est. Cost $0.13 Unrealized —

ALCYW Alchemy Investments Acquisition Corp 1 0.0%

Value ($000) $7 Shares 30,000 Est. Cost $0.18 Unrealized —

COPL/WS Copley Acquisition Corp 0.0%

Value ($000) $36 Shares 157,739 Est. Cost $0.17 Unrealized —

CEPO Cantor Equity Partners I Inc 0.0%

Value ($000) $135 Shares 12,976 Est. Cost $11.06 Unrealized -5.5%

— AA Mission Acquisition Corp 0.0%

Value ($000) $7 Shares 38,199 Est. Cost $0.06 Unrealized —

TACHW Titan Acquisition Corp 0.0%

Value ($000) $4 Shares 13,499 Est. Cost $0.38 Unrealized —

GPATW GP-Act III Acquisition Corp 0.0%

Value ($000) $3 Shares 13,070 Est. Cost $0.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DMAAR	Drugs Made In America Acquisition Corp	325,100	$56	0.0%	$10.27	—	Right	G2847J112
—	Teladoc Health Inc	115,750,000	$109,963	6.0%	$0.87	—	CONV	87918AAF2
TAVIR	Tavia Acquisition Corp	181,900	$38	0.0%	$10.36	—	Right	G86880146
—	Coinbase Global Inc	6,000,000	$6,138	0.3%	$1.09	—	CONV	19260QAF4
—	Etsy Inc	38,000,000	$33,896	1.8%	$0.79	—	CONV	29786AAN6
—	Snowflake Inc	5,000,000	$7,428	0.4%	$1.52	—	CONV	833445AB5
BLUW	Blue Water Acquisition Corp III	475,000	$4,902	0.3%	$9.97	+1.6%	Common Stock	G1368E106
—	BlackLine Inc	10,692,000	$10,564	0.6%	$0.93	—	CONV	09239BAD1
—	FuboTV Inc	11,737,000	$11,726	0.6%	$0.99	—	CONV	35953DAB0
—	Dropbox Inc	5,000,000	$5,040	0.3%	$0.96	—	CONV	26210CAD6
—	BILL Holdings Inc	7,302,000	$6,900	0.4%	$0.89	—	CONV	090043AD2
ANSC	Agriculture & Natural Solutions Acquisition Corp	404,238	$4,523	0.2%	$10.76	+3.1%	Common Stock	G0131Y100
VACH	Voyager Acquisition Corp	500,000	$5,335	0.3%	$10.30	+2.2%	Common Stock	G93A7H104
—	BlackLine Inc	5,000,000	$5,268	0.3%	$1.06	—	CONV	09239BAF6
TDAC	Translational Development Acquisition Corp	505,514	$5,295	0.3%	$10.28	+1.5%	Common Stock	G9008W105
DRDB	Roman DBDR Acquisition Corp II	525,266	$5,479	0.3%	$10.25	+1.7%	Common Stock	G7633M104
TACO	BERTO ACQUISITION CORP	347,482	$3,523	0.2%	$10.38	-1.1%	Common Stock	G1051H101
RAC	Rithm Acquisition Corp	399,101	$4,147	0.2%	$10.07	+2.8%	Common Stock	G75751100
MACI	Melar Acquisition Corp I	426,939	$4,538	0.2%	$10.40	+1.7%	Common Stock	G6004G100
GPAT	GP-Act III Acquisition Corp	573,222	$6,128	0.3%	$10.54	+1.1%	Common Stock	G4035N103
APAD	A Paradise Acquisition Corp	350,000	$3,518	0.2%	$9.89	+1.1%	Common Stock	G04819101
FTW	EQV Ventures Acquisition Corp	397,032	$4,165	0.2%	$10.40	+0.5%	Common Stock	G3106N109
POLE	Andretti Acquisition Corp II	478,664	$5,031	0.3%	$10.35	+1.9%	Common Stock	G26745102
VNME	Vendome Acquisition Corp I	365,419	$3,672	0.2%	$9.92	+1.1%	Common Stock	G9580A109
HCMAW	HCM III Acquisition Corp	191,665	$96	0.0%	$0.71	—	Warrant	G4365E111
CAEP	Cantor Equity Partners III Inc	323,608	$3,301	0.2%	$10.52	-1.4%	Common Stock	G1828A108
NMP	NMP Acquisition Corp	374,900	$3,756	0.2%	$9.92	+0.9%	Common Stock	G6375X104
SPEG	Silver Pegasus Acquisition Corp	318,618	$3,208	0.2%	$9.96	+0.9%	Common Stock	G8192J102
BCARW	D Boral ARC Acquisition I Corp	177,673	$65	0.0%	$0.19	—	Warrant	G2616F119
WENNW	Wen Acquisition Corp	113,810	$38	0.0%	$0.58	—	Warrant	G9R39C111
PGAC	Pantages Capital Acquisition Corporation	229,090	$2,378	0.1%	$10.10	+2.2%	Common Stock	G8089R100
GTEN	Gores Holdings X Inc	658,063	$6,745	0.4%	$10.24	+0.9%	Common Stock	G4002F109
CHPG	ChampionsGate Acquisition Corp	239,738	$2,443	0.1%	$10.03	+1.1%	Common Stock	G2124S108
EVAC/WS	EQV Ventures Acquisition Corp II	266,665	$89	0.0%	$0.25	—	Warrant	G3106Q128
PELI	Pelican Acquisition Corp	249,365	$2,531	0.1%	$9.99	+1.4%	Common Stock	G6993G103
INAC	Indigo Acquisition Corp	250,000	$2,513	0.1%	$9.96	+0.7%	Common Stock	G4791J106
MLAC	Mountain Lake Acquisition Corp	193,057	$2,008	0.1%	$10.22	+1.9%	Common Stock	G6301B101
VNMEW	Vendome Acquisition Corp I	187,500	$51	0.0%	$0.20	—	Warrant	G9580A117
OBAWW	Oxley Bridge Acquisition Ltd	249,999	$59	0.0%	$0.18	—	Warrant	G6858G115
RAAQ	Real Asset Acquisition Corp	385,923	$3,944	0.2%	$10.15	+1.5%	Common Stock	G73944103
IPCX	Inflection Point Acquisition Corp III	263,743	$2,674	0.1%	$10.15	+0.1%	Common Stock	G47875102
IPODW	Dune Acquisition Corp II	210,324	$57	0.0%	$0.19	—	Warrant	G2867S117
BSAA	BEST SPAC I Acquisition Corp	170,000	$1,720	0.1%	$10.02	+0.8%	Common Stock	G1069P103
LWACW	Lightwave Acquisition Corp	250,000	$58	0.0%	$0.19	—	Warrant	G5490M126
LCCC	Lakeshore Acquisition III Corp	100,052	$1,020	0.1%	$10.01	+1.3%	Common Stock	G5353S103
WTG	Wintergreen Acquisition Corp	99,016	$1,007	0.1%	$10.05	+0.8%	Common Stock	G9717M109
CHAR	Charlton Aria Acquisition Corp	75,151	$788	0.0%	$10.32	+0.9%	Common Stock	G9877L107
UYSC	UY Scuti Acquisition Corp	125,125	$1,283	0.1%	$10.02	+1.8%	Common Stock	G93Y0A104
SOCAW	Solarius Capital Acquisition Corp	125,100	$38	0.0%	$0.22	—	Warrant	G82617112
PCAPW	ProCap Acquisition Corp	30,432	$11	0.0%	$0.68	—	Warrant	G7257A121
PMTRW	Perimeter Acquisition Corp I	56,300	$43	0.0%	$0.60	—	Warrant	G7010A111
HPAI	Tristar Acquisition I Corp.	10,514	$44	0.0%	$4.15	-17.3%	Common Stock	G4R52R103
PACHW	Pioneer Acquisition I Corp	250,000	$60	0.0%	$0.21	—	Warrant	G7117W115
TACOW	BERTO ACQUISITION CORP	26,343	$11	0.0%	$0.69	—	Warrant	G1051H119
GTENW	Gores Holdings X Inc	164,515	$140	0.0%	$0.61	—	Warrant	G4002F125
FIGXW	FIGX Capital Acquisition Corp	153,145	$41	0.0%	$0.23	—	Warrant	G3473K118
LPAA	Launch One Acquisition Corp	55,905	$592	0.0%	$10.44	+0.9%	Common Stock	G5S86M100
IPEX	Inflection Point Acquisition Corp. V	112,061	$1,152	0.1%	$10.14	+1.6%	Common Stock	G6001J107
MBAV	M3-Brigade Acquisition V Corp	51,523	$548	0.0%	$10.68	-0.6%	Common Stock	G63212107
PAII/WS	Pyrophyte Acquisition Corp II	77,981	$31	0.0%	$0.35	—	Warrant	G7309T110
CAPN	Cayson Acquisition Corp	26,875	$286	0.0%	$10.23	+3.0%	Common Stock	G1993W109
ONCHW	1RT Acquisition Corp	14,830	$10	0.0%	$0.91	—	Warrant	G6757R113
NOEM	CO2 Energy Transition Corp	30,291	$312	0.0%	$10.13	+1.2%	Common Stock	12664M103
HSPT	HORIZON SPACE ACQUISITION II Corp	15,017	$159	0.0%	$10.16	+2.8%	Common Stock	G4627B103
HYAC	Haymaker Acquisition Corp 4	76,631	$872	0.0%	$11.06	+2.4%	Common Stock	G4375F108
QSEA	Quartzsea Acquisition Corp	26,553	$272	0.0%	$10.02	+1.7%	Common Stock	G7314B104
GTERW	Globa Terra Acquisition Corp	187,500	$27	0.0%	$0.13	—	Warrant	G3933N124
ALCYW	Alchemy Investments Acquisition Corp 1	30,000	$7	0.0%	$0.18	—	Warrant	G0232F133
COPL/WS	Copley Acquisition Corp	157,739	$36	0.0%	$0.17	—	Warrant	G24243126
CEPO	Cantor Equity Partners I Inc	12,976	$135	0.0%	$11.06	-5.5%	Common Stock	G1827K107
—	AA Mission Acquisition Corp	38,199	$7	0.0%	$0.06	—	Warrant	G1000R127
TACHW	Titan Acquisition Corp	13,499	$4	0.0%	$0.38	—	Warrant	G8901A111
GPATW	GP-Act III Acquisition Corp	13,070	$3	0.0%	$0.27	—	Warrant	G4035N129