LINDEN ADVISORS LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CENTRUS ENERGY CORP 2.25 11/01/2030	239,902,000	$644,024	4.0%	$2.68	—	SDBCV	15643UAE4
—	APPLIED DIGITAL CORP 2.75 06/01/2030	130,435,000	$350,858	2.2%	$2.69	—	SDBCV	038169AB4
—	BILL HOLDINGS INC 0 04/01/2030 144A	314,207,000	$289,474	1.8%	$0.92	—	SDBCV	090043AF7
—	AFFIRM HOLDINGS INC 0.75 12/15/2029	255,708,000	$283,422	1.7%	$1.11	—	SDBCV	00827BAD8
—	UPSTART HOLDINGS INC 2 10/01/2029 144A	187,145,000	$236,795	1.5%	$1.27	—	SDBCV	91680MAD9
—	CLEANSPARK INC 0 06/15/2030 144A	209,496,000	$217,217	1.3%	$1.04	—	SDBCV	18452BAC4
—	SOLARIS ENERGY INFRASTRU 0.25 10/01/2031	188,600,000	$204,333	1.3%	$1.08	—	SDBCV	83419XAB4
—	STRATEGY INC NOTE 12/0	202,633,000	$166,470	1.0%	$0.82	—	SDBCV	594972AS0
—	UPSTART HOLDINGS INC 1 11/15/2030	163,302,000	$142,655	0.9%	$0.87	—	SDBCV	91680MAF4
—	RIOT PLATFORMS INC 0.75 01/15/2030 144A	125,924,000	$142,355	0.9%	$1.13	—	SDBCV	767292AB1
—	SILVERCORP METALS INC 4.75 12/15/2029 144A	65,268,000	$133,276	0.8%	$2.04	—	SDBCV	82835PAB9
—	IREN LTD 3.25 06/15/2030	51,777,000	$126,964	0.8%	$2.45	—	SDBCV	46270CAB5
—	PAGAYA TECHNOLOGIES LTD 6.125 10/01/2029	47,972,000	$87,496	0.5%	$1.82	—	SDBCV	69549FAB5
—	MARA HOLDINGS INC 0 03/01/2030 144A	106,500,000	$83,921	0.5%	$0.79	—	SDBCV	565788AF3
—	OMNICELL INC 1 12/01/2029	64,400,000	$69,476	0.4%	$1.08	—	SDBCV	68213NAF6
—	ALIGNMENT HEALTHCARE 4.25 11/15/2029 144A	44,700,000	$67,931	0.4%	$1.52	—	SDBCV	01625VAB0
—	FLUENCE ENERGY INC 2.25 06/15/2030	54,324,000	$65,794	0.4%	$1.21	—	SDBCV	34379VAB9
—	MARA HOLDINGS INC 0 06/01/2031	69,715,000	$58,360	0.4%	$0.84	—	SDBCV	565788AH9
—	SYNAPTICS INC 0.75 12/01/2031	54,800,000	$57,828	0.4%	$1.06	—	SDBCV	87157DAJ8
—	GLOBAL PAYMENTS INC 1.5 03/01/2031	60,130,000	$54,044	0.3%	$0.90	—	SDBCV	37940XAU6
—	GREEN PLAINS INC 5.25 11/01/2030	49,508,000	$52,159	0.3%	$1.05	—	SDBCV	393222AM6
—	COGENT BIOSCIENCES INC 1.625 11/15/2031	44,100,000	$51,713	0.3%	$1.17	—	SDBCV	19240QAA0
—	RIVIAN AUTO INC 4.625 03/15/2029	40,500,000	$50,927	0.3%	$1.26	—	SDBCV	76954AAB9
—	T1 ENERGY INC 5.25 12/01/2030	30,950,000	$39,530	0.2%	$1.28	—	SDBCV	35834FAB0
ZTS	ZOETIS INC	255,200	$32,109	0.2%	$130.26	0.0%	COM	98978V103
—	LEMAITRE VASCULAR INC 2.5 02/01/2030 144A	29,000,000	$28,956	0.2%	$1.00	—	SDBCV	525558AB8
—	SSR MINING INC 2.5 04/01/2039	21,650,000	$28,350	0.2%	$1.31	—	SDBCV	784730AB9
—	RIVIAN AUTO INC 3.625 10/15/2030	18,000,000	$20,206	0.1%	$1.12	—	SDBCV	76954AAD5
RNGT	RANGE CAPITAL ACQUISIT CL A	1,729,896	$17,264	0.1%	$9.99	0.0%	COM	G7375J103
TLNC	TALON CAPITAL CORP CL A	1,622,152	$16,384	0.1%	$10.08	0.0%	COM	G86652107
SCIIU	SC II ACQUISITION CORP	1,498,500	$15,097	0.1%	$10.08	—	COM	G7866D128
IRHOU	IRON HORSE ACQUISITION II CO	1,500,000	$14,910	0.1%	$9.94	—	COM	46283H202
MKLY	MCKINLEY ACQUISITION CO CL A	1,445,000	$14,407	0.1%	$9.95	0.0%	COM	G6005T101
DSACU	DAEDALUS SPECIAL ACQUISITION	1,350,000	$13,568	0.1%	$10.05	—	COM	G2616C124
—	VIAVI SOLUTIONS INC 1.625 03/15/2026	10,000,000	$13,505	0.1%	$1.35	—	SDBCV	925550AH8
—	HERBALIFE LTD 4.25 06/15/2028	12,200,000	$13,226	0.1%	$1.08	—	SDBCV	42703MAF0
—	NUTANIX INC 0.5 12/15/2029	13,500,000	$13,021	0.1%	$0.96	—	SDBCV	67059NAK4
MESHU	MESHFLOW ACQUISITION CORP	1,250,000	$12,500	0.1%	$10.00	—	COM	G6032N127
OTGA	OTG ACQUISITION CORP I CL A	1,250,000	$12,500	0.1%	$10.02	0.0%	COM	G6791A100
GSRF	GSR IV ACQUISITION CORP CL A	1,250,000	$12,488	0.1%	$10.02	0.0%	COM	G4R12K107
BIXI	BITCOIN INFRASTRUCTURE CL A	1,250,000	$12,325	0.1%	$9.85	0.0%	COM	G1143H101
CRANU	CRANE HARBOR ACQUISITION COR	1,200,000	$12,078	0.1%	$10.06	—	COM	G25014120
EVOX	EVOLUTION GLOBAL ACQUIS CL A	1,201,000	$11,854	0.1%	$9.88	0.0%	COM	G3226F101
BDCI	BTC DEVELOPMENT CORP CL A	1,125,000	$11,267	0.1%	$10.10	0.0%	COM	G0701G109
MBVI	M3 BRIGADE ACQUISITION CL A	1,100,000	$11,011	0.1%	$10.06	0.0%	COM	G63221108
AEAQU	ACTIVATE ENERGY ACQUISITION	1,100,000	$11,000	0.1%	$10.00	—	COM	G0081J129
CCXIU	CHURCHILL CAPITAL CORP XI	1,000,000	$10,210	0.1%	$10.21	—	COM	G2131A124
SVAC	SPRING VALLEY ACQUISITION A	1,000,000	$10,150	0.1%	$10.32	0.0%	COM	G8377R101
ALUB/U	ALUSSA ENERGY ACQUISITION CO	1,000,000	$10,100	0.1%	$10.10	—	COM	G0233J126
SBXE/U	SILVERBOX CORP V	1,000,000	$10,095	0.1%	$10.10	—	COM	G8148S123
IGAC	INVEST GREEN ACQUISITIO CL A	1,000,000	$9,840	0.1%	$9.85	0.0%	COM	G4924G102
TWLVU	TWELVE SEAS INVESTMENT CO II	900,000	$8,955	0.1%	$9.95	—	COM	G9145D127
APXT	APEX TREASURY CORP CL A	850,000	$8,407	0.1%	$9.89	0.0%	COM	G04104108
VHCPU	VINE HILL CAPITAL INVESTMENT	800,000	$8,024	0.0%	$10.03	—	COM	G9709D125
ITHAU	ITHAX ACQUISITION CORP III	800,000	$7,968	0.0%	$9.96	—	COM	G4977S128
SAC/U	SAFEGUARD ACQUISITION CORP	750,000	$7,564	0.0%	$10.09	—	COM	G77676123
GPACU	GENERAL PURPOSE ACQUISITION	750,000	$7,508	0.0%	$10.01	—	COM	G3810N122
HVMC	HIGHVIEW MERGER CORP CL A	750,000	$7,500	0.0%	$10.00	0.0%	COM	G4569C101
BLRKU	BLUEROCK ACQUISITION CORP	750,000	$7,500	0.0%	$10.00	—	COM	G1352R121
EMIS	EMMIS ACQUISITION CORP CL A	750,000	$7,478	0.0%	$9.97	0.0%	COM	G3037D105
LATA	GALATA ACQU CORP II CL A	750,000	$7,470	0.0%	$9.97	0.0%	COM	G3R25N108
SVAQU	SILICON VALLEY ACQUISITION C	750,000	$7,459	0.0%	$9.95	—	COM	G81306105
NWAX/U	NEW AMERICA ACQUISITION I CO	700,000	$7,287	0.0%	$10.41	—	COM	023634207
HCACU	HALL CHADWICK ACQUISITION CO	700,000	$7,018	0.0%	$10.03	—	COM	G42386121
VACI	VIKING ACQUISITION CORP A	700,000	$6,930	0.0%	$9.92	0.0%	COM	G9582G104
TDWD	TAILWIND 2.0 ACQUISITIO CL A	700,000	$6,902	0.0%	$9.86	0.0%	COM	G8662J111
DYOR	INSIGHT DIGITAL PARTNERS I A	650,000	$6,442	0.0%	$9.91	0.0%	COM	G4814G105
COLA	COLUMBUS ACQUISITION CORP	600,000	$6,210	0.0%	$10.30	0.0%	COM	G2295P107
—	RAMACO RESOURCES INC 0 11/01/2031	7,280,000	$6,165	0.0%	$0.85	—	SDBCV	75134PAB1
BCSS	BAIN CAPITAL GSS INV A	600,000	$6,048	0.0%	$10.08	0.0%	COM	G0R78B106
KBONU	KARBON CAPITAL PARTNERS CORP	600,000	$6,042	0.0%	$10.07	—	COM	G5225W126
LFACU	LEAPFROG ACQUISITION CORP	600,000	$6,003	0.0%	$10.01	—	COM	G5414D129
DNMX	DYNAMIX CORP III CL A	581,521	$5,751	0.0%	$9.91	0.0%	COM	G2949T109
BEBE/U	TGE VALUE CREATIVE SOLUTIONS	550,000	$5,467	0.0%	$9.94	—	COM	G8773E126
BLZR	TRAILBLAZER ACQUISITION CL A	500,000	$5,005	0.0%	$10.08	0.0%	COM	G9009S103
ADACU	AMERICAN DRIVE ACQUISITION C	500,000	$4,995	0.0%	$9.99	—	COM	G0R91M121
LPCVU	LAUNCHPAD CADENZA ACQUISITIO	500,000	$4,990	0.0%	$9.98	—	COM	G6001S123
CHEC	CHENGHE ACQUISITION II CL A	500,000	$4,990	0.0%	$9.96	0.0%	COM	G2086N105
—	GREEN PLAINS INC 5.25 11/01/2030 144A	4,734,000	$4,987	0.0%	$1.05	—	SDBCV	393222AL8
CEPV	CANTOR EQUITY PARTNERS CL A	450,000	$4,613	0.0%	$10.25	0.0%	COM	G1828S109
QUMS	QUANTUMSPHERE ACQUISITION CO	400,000	$4,004	0.0%	$9.98	0.0%	COM	G7387B106
SCPQU	SOCIAL COMMERCE PARTNERS COR	375,000	$3,750	0.0%	$10.00	—	COM	G8254P129
GIG	GIGCAPITAL7 CORP A	250,000	$2,635	0.0%	$10.66	0.0%	COM	G38648104
KRSP	RICE ACQUISITION CORP 3 A	250,000	$2,576	0.0%	$10.36	0.0%	COM	G7553X106
BPACU	BLUEPORT ACQUISITION LTD	250,000	$2,514	0.0%	$10.05	—	COM	G1196A128
YCY	AA MISSION ACQUISITION A	250,000	$2,490	0.0%	$9.96	0.0%	COM	G1000S109
HAVA	HARVARD AVE ACQUISITION CL A	250,000	$2,488	0.0%	$9.91	0.0%	COM	G4330A103
CRAC	CROWN RESERVE ACQUISITI CL A	250,000	$2,485	0.0%	$9.91	0.0%	COM	G2574F119
MMTX	MILUNA ACQUISITION CL A	250,000	$2,478	0.0%	$9.89	0.0%	COM	G6180J100
GIW	GIGCAPITAL8 CORP A	250,000	$2,474	0.0%	$9.91	0.0%	COM	G3864J100
—	LIVE NATION ENTERTAINMEN 3.125 01/15/2029	1,500,000	$2,182	0.0%	$1.45	—	SDBCV	538034BA6
NKLR	TERRA INNOVATUM GLOBAL NV	454,228	$2,056	0.0%	$7.45	0.0%	COM	N85083108
LAFA	LAFAYETTE ACQUISITION CORP	175,000	$1,733	0.0%	$9.89	0.0%	COM	G53426105
LKSP	LAKE SUPERIOR ACQUISITI CL A	140,000	$1,392	0.0%	$9.92	0.0%	COM	G5354C107
FCRS	FUTURECREST ACQUISITION CL A	100,000	$1,010	0.0%	$10.11	0.0%	COM	G3730U107
BRRWW	PROCAP FINANCIAL INC	908,915	$629	0.0%	$0.69	—	RT	74277P113
—	COINBASE GLOBAL INC 0.5 06/01/2026	617,000	$616	0.0%	$1.00	—	SDBCV	19260QAB3
GIGGW	GIGCAPITAL7 CORP A 29	1,198,467	$499	0.0%	$0.42	—	RT	G38648120
TLNCW	TALON CAPITAL CORP 30	802,949	$442	0.0%	$0.55	—	RT	G86652123
GSRFR	GSR IV ACQUISITION CORP RTS	178,571	$438	0.0%	$2.46	—	RT	G4R12K115
IMSRW	TERRESTRIAL ENERGY INC W EXP 10/28/203	194,560	$413	0.0%	$2.13	—	RT	881454110
EVOXW	EVOLUTION GLOBAL ACQUISITION	1,005,041	$412	0.0%	$0.41	—	RT	G3226F119
BILI	BILIBILI INC SPONS ADS REP Z	11,122	$273	0.0%	$24.59	—	COM	090040106
DNMXW	DYNAMIX CORP III	744,670	$257	0.0%	$0.34	—	RT	G2949T117
RNGTW	RANGE CAPITAL ACQUISITION CO	739,800	$227	0.0%	$0.31	—	RT	G7375J111
SVACW	SPRING VALLEY ACQ CO 30	333,333	$210	0.0%	$0.63	—	RT	G8377R119
OTGAW	OTG ACQUISITION CORP I 30	624,999	$203	0.0%	$0.33	—	RT	G6791A118
ALISR	CALISA ACQUISITION CORP	400,233	$194	0.0%	$0.48	—	RT	G1771C127
IGACR	INVEST GREEN ACQUISITION RTS	1,000,000	$185	0.0%	$0.18	—	RT	G4924G110
MKLYR	MCKINLEY ACQUISITION CORP	1,445,000	$181	0.0%	$0.13	—	RT	G6005T119
BDCIW	BTC DEVELOPMENT CORP 30	281,250	$162	0.0%	$0.58	—	RT	G0701G117
COLAR	COLUMBUS ACQUISITION CORP	461,566	$159	0.0%	$0.34	—	RT	G2295P115
BIXIW	BITCOIN INFRASTRUCTURE ACQUI	625,000	$157	0.0%	$0.25	—	RT	G1143H119
MBVIW	M3 BRIGADE ACQUISITION VI CO	366,666	$141	0.0%	$0.38	—	RT	G63221116
GIWWR	GIGCAPITAL8 CORP RTS	375,000	$124	0.0%	$0.33	—	RT	G3864J118
EMISR	EMMIS ACQUISITION CORP	750,000	$121	0.0%	$0.16	—	RT	G3037D113
VACI/WS	VIKING ACQUISITION CORP I	299,998	$120	0.0%	$0.40	—	RT	G9582G112
TDWDR	TAILWIND 2.0 ACQUISITION RTS	700,000	$119	0.0%	$0.17	—	RT	G8662J129
DMIIR	DRUGS MADE IN AMERICA ACQ RT	899,899	$117	0.0%	$0.13	—	RT	G2851K112
APXTW	APEX TREASURY CORP 30	425,001	$117	0.0%	$0.28	—	RT	G04104124
DYORW	INSIGHT DIGITAL PARTNERS II	324,999	$115	0.0%	$0.36	—	RT	G4814G113
HVMCW	HIGHVIEW MERGER CORP 30	375,001	$98	0.0%	$0.26	—	RT	G4569C119
LATAW	GALATA ACQUISITION CORP 30	250,000	$94	0.0%	$0.38	—	RT	G3R25N116
QUMSR	QUANTUMSPHERE ACQUISITION CO	400,000	$88	0.0%	$0.22	—	RT	G7387B114
BLZRW	TRAILBLAZER ACQUI CORP 30	166,665	$86	0.0%	$0.52	—	RT	G9009S111
BCSS/WS	BAIN CAPITAL GSS INVESTMENT	119,998	$81	0.0%	$0.68	—	RT	G0R78B114
CRACR	CROWN RESERVE ACQUISITIO RTS	250,000	$50	0.0%	$0.20	—	RT	G2574F127
CHECW	CHENGHE ACQUISITION III CO	250,000	$48	0.0%	$0.19	—	RT	G2086N121
KRSP/WS	RICE ACQUISITION CORP 3	41,666	$38	0.0%	$0.91	—	RT	G7553X114
LKSPR	LAKE SUPERIOR ACQUISITION CO	19,999	$36	0.0%	$1.79	—	RT	G5354C115
YCY/WS	AA MISSION ACQUISITION 31	124,999	$31	0.0%	$0.24	—	RT	G1000S125
HAVAR	HARVARD AVE ACQUISITION	250,000	$29	0.0%	$0.12	—	RT	G4330A111
MMTXW	MILUNA ACQUISITION CORP	250,000	$28	0.0%	$0.11	—	RT	G6180J118
LAFAR	LAFAYETTE ACQUISITION CORP	175,000	$27	0.0%	$0.15	—	RT	G53426113
FCRS/WS	FUTURECREST ACQUISITION CORP	24,999	$20	0.0%	$0.78	—	RT	G3730U115
CRACW	CROWN RESERVE ACQUISITION CO	125,000	$11	0.0%	$0.09	—	RT	G2574S103
MLECW	MOOLEC SCIENCE SA	594,637	$3	0.0%	$0.00	—	RT	G6223S117

Increased Positions (46)

— LUMENTUM HOLDINGS INC 0.5 06/15/2028 5.0%

Value ($000) $807,132 (+118.0%) Shares 284,221,000 (+7.1%) Est. Cost $1.01 Unrealized —

— LUMENTUM HOLDINGS INC 1.5 12/15/2029 3.1%

Value ($000) $495,985 (+129.8%) Shares 93,336,000 (+4.5%) Est. Cost $1.57 Unrealized —

— LUMENTUM HOLDINGS INC 0.5 12/15/2026 2.1%

Value ($000) $333,012 (+131.4%) Shares 89,731,000 (+5.0%) Est. Cost $1.05 Unrealized —

— CELCUITY INC 2.75 08/01/2031 1.2%

Value ($000) $202,498 (+254.6%) Shares 93,372,000 (+118.4%) Est. Cost $1.79 Unrealized —

— STRATEGY INC NOTE 0.625 3/1 1.7%

Value ($000) $281,171 (-21.0%) Shares 222,440,000 (+40.0%) Est. Cost $1.83 Unrealized —

— GUARDANT HEALTH INC 1.25 02/15/2031 0.9%

Value ($000) $149,703 (+96.7%) Shares 81,820,000 (+39.9%) Est. Cost $1.26 Unrealized —

— SPHERE ENTERTAINMENT CO 3.5 12/01/2028 1.4%

Value ($000) $226,542 (+47.3%) Shares 82,290,000 (+1.3%) Est. Cost $1.39 Unrealized —

— BRIDGEBIO PHARMA INC 2.25 02/01/2029 1.5%

Value ($000) $241,049 (+39.3%) Shares 214,048,000 (+22.3%) Est. Cost $0.90 Unrealized —

— SUNRUN INC 4 03/01/2030 144A 1.3%

Value ($000) $218,621 (+37.6%) Shares 154,261,000 (+30.7%) Est. Cost $1.17 Unrealized —

— COLLEGIUM PHARMA INC 2.875 02/15/2029 1.2%

Value ($000) $190,449 (+42.7%) Shares 134,690,000 (+19.5%) Est. Cost $1.25 Unrealized —

— HAEMONETICS CORP 2.5 06/01/2029 1.3%

Value ($000) $203,587 (+35.1%) Shares 195,904,000 (+20.2%) Est. Cost $1.00 Unrealized —

— STRATEGY INC 0.875 03/15/2031 0.7%

Value ($000) $108,376 (-32.3%) Shares 105,639,000 (+3.9%) Est. Cost $1.44 Unrealized —

— MKS INC 1.25 06/01/2030 1.7%

Value ($000) $272,519 (+19.1%) Shares 213,119,000 (+2.3%) Est. Cost $1.00 Unrealized —

— STRIDE INC 1.125 09/01/2027 0.9%

Value ($000) $141,896 (+40.1%) Shares 103,952,000 (+190.4%) Est. Cost $1.59 Unrealized —

— AEROVIRONMENT INC 0 07/15/2030 1.0%

Value ($000) $166,248 (+24.0%) Shares 152,964,000 (+41.6%) Est. Cost $1.20 Unrealized —

— TANDEM DIABETES CARE INC 1.5 03/15/2029 144A 0.5%

Value ($000) $80,207 (+43.8%) Shares 78,683,000 (+23.6%) Est. Cost $0.96 Unrealized —

— ADVANCED ENERGY IND 2.5 09/15/2028 0.6%

Value ($000) $96,131 (+32.0%) Shares 58,552,000 (+11.4%) Est. Cost $1.13 Unrealized —

— FORTUNA MINING CORP 3.75 06/30/2029 144A 0.8%

Value ($000) $123,639 (+18.0%) Shares 72,876,000 (+9.2%) Est. Cost $1.40 Unrealized —

— WAYFAIR INC 3.5 11/15/2028 0.8%

Value ($000) $126,276 (+16.8%) Shares 55,084,000 (+5.8%) Est. Cost $1.53 Unrealized —

— SOLARIS ENERGY INFRASTRU 4.75 05/01/2030 0.6%

Value ($000) $97,488 (+20.4%) Shares 48,669,000 (+7.7%) Est. Cost $1.56 Unrealized —

— MARA HOLDINGS INC 2.125 09/01/2031 144A 0.2%

Value ($000) $34,296 (+81.5%) Shares 42,600,000 (+173.1%) Est. Cost $0.95 Unrealized —

— STRATEGY INC NOTE 0.625 9/1 0.1%

Value ($000) $12,673 (+693.9%) Shares 10,843,000 (+1186.2%) Est. Cost $1.23 Unrealized —

— OSI SYSTEMS INC 2.25 08/01/2029 1.0%

Value ($000) $169,402 (+5.4%) Shares 114,046,000 (+2.7%) Est. Cost $1.45 Unrealized —

POLE ANDRETTI ACQUISITION CORP A 0.1%

Value ($000) $10,540 (+235.6%) Shares 1,000,000 (+233.3%) Est. Cost $10.40 Unrealized +1.4%

— VARONIS SYSTEM INC 1 09/15/2029 144A 0.1%

Value ($000) $19,905 (+48.2%) Shares 21,403,000 (+72.3%) Est. Cost $1.02 Unrealized —

— RAPID7 INC 1.25 03/15/2029 0.3%

Value ($000) $55,800 (+11.3%) Shares 61,138,000 (+8.9%) Est. Cost $0.93 Unrealized —

— COINBASE GLOBAL INC 0.25 04/01/2030 144A 0.7%

Value ($000) $111,405 (+5.2%) Shares 108,676,000 (+29.1%) Est. Cost $0.98 Unrealized —

— PENGUIN SOLUTIONS INC 2 08/15/2030 0.2%

Value ($000) $28,604 (-10.9%) Shares 28,000,000 (+4.1%) Est. Cost $1.19 Unrealized —

— HERTZ CORP/THE 8 07/15/2029 0.0%

Value ($000) $5,683 (+111.6%) Shares 4,967,000 (+148.3%) Est. Cost $1.22 Unrealized —

HVII HENNESSY CAPITAL INVESTMENT 0.1%

Value ($000) $15,150 (+21.8%) Shares 1,463,732 (+20.6%) Est. Cost $9.93 Unrealized +4.6%

TACO BERTO ACQUISITION CORP 0.1%

Value ($000) $15,210 (+16.9%) Shares 1,500,000 (+20.0%) Est. Cost $10.38 Unrealized -1.1%

WENN WEN ACQUISITION CORP A 0.1%

Value ($000) $11,110 (+21.9%) Shares 1,100,000 (+22.2%) Est. Cost $10.19 Unrealized -0.2%

HCMA HCM III ACQUISITION COR CL A 0.1%

Value ($000) $12,072 (+19.5%) Shares 1,200,000 (+20.0%) Est. Cost $10.11 Unrealized +0.6%

— PACIRA BIOSCIENCES INC 2.125 05/15/2029 0.7%

Value ($000) $109,631 (+1.8%) Shares 108,720,000 (+2.4%) Est. Cost $0.98 Unrealized —

— LITHIUM ARGENTINA AG 1.75 01/15/2027 0.3%

Value ($000) $44,197 (+4.2%) Shares 48,555,000 (+2.5%) Est. Cost $0.80 Unrealized —

— IMMUNOCORE HOLDINGS 2.5 02/01/2030 0.5%

Value ($000) $82,286 (+1.5%) Shares 90,836,000 (+1.7%) Est. Cost $0.86 Unrealized —

IPEX INFLECTION POINT ACQUISITION 0.1%

Value ($000) $8,985 (+9.3%) Shares 875,716 (+9.5%) Est. Cost $10.09 Unrealized +2.1%

BACC BLUE ACQUISITION CORP CL A 0.0%

Value ($000) $7,913 (+9.2%) Shares 775,000 (+6.9%) Est. Cost $9.99 Unrealized +1.6%

IPEXR INFLECTION POINT ACQUISITION 0.0%

Value ($000) $751 (+312.2%) Shares 1,118,198 (+272.7%) Est. Cost $0.56 Unrealized —

— SOLAR EDGE TECHNOLOGIES 2.25 07/01/2029 0.5%

Value ($000) $73,754 (-0.8%) Shares 63,338,000 (+12.7%) Est. Cost $1.30 Unrealized —

CGCTW CARTESIAN GROWTH CORP 30 0.0%

Value ($000) $511 (+409.7%) Shares 624,999 (+66.7%) Est. Cost $0.49 Unrealized —

ATIIW ARCHIMEDES TECH SPAC PARTNER W EXP 10/15/202 0.0%

Value ($000) $460 (+112.5%) Shares 860,962 (+47.1%) Est. Cost $0.42 Unrealized —

POLEW ANDRETTI ACQUISITION CORP 29 0.0%

Value ($000) $112 (+217.9%) Shares 400,000 (+166.7%) Est. Cost $0.25 Unrealized —

SPEGR SILVER PEGASUS ACQUISITION C 0.0%

Value ($000) $452 (+20.1%) Shares 1,672,700 (+2.3%) Est. Cost $0.23 Unrealized —

OBAWW OXLEY BRIDGE ACQ LTD 30 0.0%

Value ($000) $82 (+81.8%) Shares 350,000 (+40.0%) Est. Cost $0.20 Unrealized —

KOYNW CSLM DIGITAL ASSET ACQUISITI 0.0%

Value ($000) $138 (+14.9%) Shares 367,618 (+22.5%) Est. Cost $0.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LUMENTUM HOLDINGS INC 0.5 06/15/2028	284,221,000 (+7.1%)	$807,132 (+118.0%)	5.0%	$1.01	—	SDBCV	55024UAF6
—	LUMENTUM HOLDINGS INC 1.5 12/15/2029	93,336,000 (+4.5%)	$495,985 (+129.8%)	3.1%	$1.57	—	SDBCV	55024UAH2
—	LUMENTUM HOLDINGS INC 0.5 12/15/2026	89,731,000 (+5.0%)	$333,012 (+131.4%)	2.1%	$1.05	—	SDBCV	55024UAD1
—	CELCUITY INC 2.75 08/01/2031	93,372,000 (+118.4%)	$202,498 (+254.6%)	1.2%	$1.79	—	SDBCV	15102KAA8
—	STRATEGY INC NOTE 0.625 3/1	222,440,000 (+40.0%)	$281,171 (-21.0%)	1.7%	$1.83	—	SDBCV	594972AJ0
—	GUARDANT HEALTH INC 1.25 02/15/2031	81,820,000 (+39.9%)	$149,703 (+96.7%)	0.9%	$1.26	—	SDBCV	40131MAD1
—	SPHERE ENTERTAINMENT CO 3.5 12/01/2028	82,290,000 (+1.3%)	$226,542 (+47.3%)	1.4%	$1.39	—	SDBCV	55826TAB8
—	BRIDGEBIO PHARMA INC 2.25 02/01/2029	214,048,000 (+22.3%)	$241,049 (+39.3%)	1.5%	$0.90	—	SDBCV	10806XAD4
—	SUNRUN INC 4 03/01/2030 144A	154,261,000 (+30.7%)	$218,621 (+37.6%)	1.3%	$1.17	—	SDBCV	86771WAD7
—	COLLEGIUM PHARMA INC 2.875 02/15/2029	134,690,000 (+19.5%)	$190,449 (+42.7%)	1.2%	$1.25	—	SDBCV	19459JAC8
—	HAEMONETICS CORP 2.5 06/01/2029	195,904,000 (+20.2%)	$203,587 (+35.1%)	1.3%	$1.00	—	SDBCV	405024AD2
—	STRATEGY INC 0.875 03/15/2031	105,639,000 (+3.9%)	$108,376 (-32.3%)	0.7%	$1.44	—	SDBCV	594972AL5
—	MKS INC 1.25 06/01/2030	213,119,000 (+2.3%)	$272,519 (+19.1%)	1.7%	$1.00	—	SDBCV	55306NAB0
—	STRIDE INC 1.125 09/01/2027	103,952,000 (+190.4%)	$141,896 (+40.1%)	0.9%	$1.59	—	SDBCV	86333MAA6
—	AEROVIRONMENT INC 0 07/15/2030	152,964,000 (+41.6%)	$166,248 (+24.0%)	1.0%	$1.20	—	SDBCV	008073AA6
—	TANDEM DIABETES CARE INC 1.5 03/15/2029 144A	78,683,000 (+23.6%)	$80,207 (+43.8%)	0.5%	$0.96	—	SDBCV	875372AD6
—	ADVANCED ENERGY IND 2.5 09/15/2028	58,552,000 (+11.4%)	$96,131 (+32.0%)	0.6%	$1.13	—	SDBCV	007973AE0
—	FORTUNA MINING CORP 3.75 06/30/2029 144A	72,876,000 (+9.2%)	$123,639 (+18.0%)	0.8%	$1.40	—	SDBCV	349915AE8
—	WAYFAIR INC 3.5 11/15/2028	55,084,000 (+5.8%)	$126,276 (+16.8%)	0.8%	$1.53	—	SDBCV	94419LAR2
—	SOLARIS ENERGY INFRASTRU 4.75 05/01/2030	48,669,000 (+7.7%)	$97,488 (+20.4%)	0.6%	$1.56	—	SDBCV	83419XAA6
—	MARA HOLDINGS INC 2.125 09/01/2031 144A	42,600,000 (+173.1%)	$34,296 (+81.5%)	0.2%	$0.95	—	SDBCV	565788AD8
—	STRATEGY INC NOTE 0.625 9/1	10,843,000 (+1186.2%)	$12,673 (+693.9%)	0.1%	$1.23	—	SDBCV	594972AQ4
—	OSI SYSTEMS INC 2.25 08/01/2029	114,046,000 (+2.7%)	$169,402 (+5.4%)	1.0%	$1.45	—	SDBCV	671044AF2
POLE	ANDRETTI ACQUISITION CORP A	1,000,000 (+233.3%)	$10,540 (+235.6%)	0.1%	$10.40	+1.4%	COM	G26745102
—	VARONIS SYSTEM INC 1 09/15/2029 144A	21,403,000 (+72.3%)	$19,905 (+48.2%)	0.1%	$1.02	—	SDBCV	922280AD4
—	RAPID7 INC 1.25 03/15/2029	61,138,000 (+8.9%)	$55,800 (+11.3%)	0.3%	$0.93	—	SDBCV	753422AH7
—	COINBASE GLOBAL INC 0.25 04/01/2030 144A	108,676,000 (+29.1%)	$111,405 (+5.2%)	0.7%	$0.98	—	SDBCV	19260QAF4
—	PENGUIN SOLUTIONS INC 2 08/15/2030	28,000,000 (+4.1%)	$28,604 (-10.9%)	0.2%	$1.19	—	SDBCV	83205YAE4
—	HERTZ CORP/THE 8 07/15/2029	4,967,000 (+148.3%)	$5,683 (+111.6%)	0.0%	$1.22	—	SDBCV	428040DE6
HVII	HENNESSY CAPITAL INVESTMENT	1,463,732 (+20.6%)	$15,150 (+21.8%)	0.1%	$9.93	+4.6%	COM	G4405D107
TACO	BERTO ACQUISITION CORP	1,500,000 (+20.0%)	$15,210 (+16.9%)	0.1%	$10.38	-1.1%	COM	G1051H101
WENN	WEN ACQUISITION CORP A	1,100,000 (+22.2%)	$11,110 (+21.9%)	0.1%	$10.19	-0.2%	COM	G9R39C103
HCMA	HCM III ACQUISITION COR CL A	1,200,000 (+20.0%)	$12,072 (+19.5%)	0.1%	$10.11	+0.6%	COM	G4365E103
—	PACIRA BIOSCIENCES INC 2.125 05/15/2029	108,720,000 (+2.4%)	$109,631 (+1.8%)	0.7%	$0.98	—	SDBCV	695127AJ9
—	LITHIUM ARGENTINA AG 1.75 01/15/2027	48,555,000 (+2.5%)	$44,197 (+4.2%)	0.3%	$0.80	—	SDBCV	53680QAA6
—	IMMUNOCORE HOLDINGS 2.5 02/01/2030	90,836,000 (+1.7%)	$82,286 (+1.5%)	0.5%	$0.86	—	SDBCV	45258DAB1
IPEX	INFLECTION POINT ACQUISITION	875,716 (+9.5%)	$8,985 (+9.3%)	0.1%	$10.09	+2.1%	COM	G6001J107
BACC	BLUE ACQUISITION CORP CL A	775,000 (+6.9%)	$7,913 (+9.2%)	0.0%	$9.99	+1.6%	COM	G1331A108
IPEXR	INFLECTION POINT ACQUISITION	1,118,198 (+272.7%)	$751 (+312.2%)	0.0%	$0.56	—	RT	G6001J131
—	SOLAR EDGE TECHNOLOGIES 2.25 07/01/2029	63,338,000 (+12.7%)	$73,754 (-0.8%)	0.5%	$1.30	—	SDBCV	83417MAE4
CGCTW	CARTESIAN GROWTH CORP 30	624,999 (+66.7%)	$511 (+409.7%)	0.0%	$0.49	—	RT	G19307126
ATIIW	ARCHIMEDES TECH SPAC PARTNER W EXP 10/15/202	860,962 (+47.1%)	$460 (+112.5%)	0.0%	$0.42	—	RT	G04537125
POLEW	ANDRETTI ACQUISITION CORP 29	400,000 (+166.7%)	$112 (+217.9%)	0.0%	$0.25	—	RT	G26745128
SPEGR	SILVER PEGASUS ACQUISITION C	1,672,700 (+2.3%)	$452 (+20.1%)	0.0%	$0.23	—	RT	G8192J136
OBAWW	OXLEY BRIDGE ACQ LTD 30	350,000 (+40.0%)	$82 (+81.8%)	0.0%	$0.20	—	RT	G6858G115
KOYNW	CSLM DIGITAL ASSET ACQUISITI	367,618 (+22.5%)	$138 (+14.9%)	0.0%	$0.40	—	RT	G2584S119

Exited Positions (72)

— BLOOM ENERGY CORP 3 06/01/2028 3.4%

Value ($000) $546,242 Shares 120,624,000 Est. Cost $2.18 Unrealized —

— BLOOM ENERGY CORP 3 06/01/2029 144A 3.1%

Value ($000) $508,819 Shares 122,915,000 Est. Cost $1.73 Unrealized —

— EXACT SCIENCES CORP 0.375 03/15/2027 1.5%

Value ($000) $235,641 Shares 244,980,000 Est. Cost $0.93 Unrealized —

— RAPID7 INC 0.25 03/15/2027 0.9%

Value ($000) $146,884 Shares 156,062,000 Est. Cost $1.12 Unrealized —

— PAGERDUTY INC 1.5 10/15/2028 0.7%

Value ($000) $109,535 Shares 111,736,000 Est. Cost $0.98 Unrealized —

— ANI PHARMACEUTICALS INC 2.25 09/01/2029 144A 0.6%

Value ($000) $99,829 Shares 71,000,000 Est. Cost $1.41 Unrealized —

— JAMF HOLDING CORP 0.125 09/01/2026 0.5%

Value ($000) $87,336 Shares 90,840,000 Est. Cost $0.84 Unrealized —

— TOPGOLF CALL BRAN CORP 2.75 05/01/2026 0.5%

Value ($000) $86,525 Shares 87,703,000 Est. Cost $1.57 Unrealized —

— CONFLUENT INC 0 01/15/2027 0.5%

Value ($000) $82,055 Shares 86,949,000 Est. Cost $0.82 Unrealized —

— PROS HOLDINGS INC 2.5 07/01/2030 144A 0.5%

Value ($000) $80,554 Shares 62,350,000 Est. Cost $1.08 Unrealized —

— HALOZYME THERAPEUTICS IN 0.25 03/01/2027 0.5%

Value ($000) $77,956 Shares 67,930,000 Est. Cost $0.89 Unrealized —

— CSG SYSTEMS INTERNATIONA 3.875 09/15/2028 0.4%

Value ($000) $66,617 Shares 59,792,000 Est. Cost $1.03 Unrealized —

— FLUOR CORP 1.125 08/15/2029 0.3%

Value ($000) $55,152 Shares 46,413,000 Est. Cost $1.30 Unrealized —

— GRANITE CONSTRUCTION INC 3.75 05/15/2028 0.3%

Value ($000) $49,249 Shares 20,431,000 Est. Cost $1.90 Unrealized —

— Q2 HOLDINGS INC 0.75 06/01/2026 0.3%

Value ($000) $46,106 Shares 44,817,000 Est. Cost $1.08 Unrealized —

— ON SEMICONDUCTOR CORP 0.5 03/01/2029 0.2%

Value ($000) $36,247 Shares 39,131,000 Est. Cost $0.93 Unrealized —

— SAREPTA THERAPEUTICS INC 1.25 09/15/2027 0.2%

Value ($000) $35,641 Shares 40,510,000 Est. Cost $0.90 Unrealized —

NVMI NOVA LTD 0.2%

Value ($000) $29,083 Shares 90,980 Est. Cost $276.13 Unrealized +16.4%

— KOSMOS ENERGY LTD 3.125 03/15/2030 0.2%

Value ($000) $27,649 Shares 43,344,000 Est. Cost $0.76 Unrealized —

— SEMTECH CORP 4 11/01/2028 0.2%

Value ($000) $26,443 Shares 7,450,000 Est. Cost $2.32 Unrealized —

BXP BXP INC 0.1%

Value ($000) $18,724 Shares 251,871 Est. Cost $69.22 Unrealized +1.7%

— EVENTBRITE INC 0.75 09/15/2026 0.1%

Value ($000) $18,305 Shares 19,273,000 Est. Cost $0.86 Unrealized —

— OIL STATES INTL INC 4.75 04/01/2026 0.1%

Value ($000) $17,282 Shares 17,296,000 Est. Cost $0.98 Unrealized —

TLNCU TALON CAPITAL CORP 0.1%

Value ($000) $15,045 Shares 1,500,000 Est. Cost $10.03 Unrealized —

MKLYU MCKINLEY ACQUISITION CORP 0.1%

Value ($000) $14,436 Shares 1,445,000 Est. Cost $9.99 Unrealized —

GSRFU GSR IV ACQUISITION CORP 0.1%

Value ($000) $12,669 Shares 1,250,000 Est. Cost $10.13 Unrealized —

OTGAU OTG ACQUISITION CORP I 0.1%

Value ($000) $12,588 Shares 1,250,000 Est. Cost $10.07 Unrealized —

JBTM JBT MAREL CORP 0.1%

Value ($000) $12,149 Shares 86,500 Est. Cost $136.51 Unrealized +3.2%

BDCIU BTC DEVELOPMENT CORP 0.1%

Value ($000) $11,363 Shares 1,125,000 Est. Cost $10.10 Unrealized —

MBVIU M3 BRIGADE ACQUISITION VI CO 0.1%

Value ($000) $11,132 Shares 1,100,000 Est. Cost $10.12 Unrealized —

CCCX CHURCHILL CAPITAL CORP X A 0.1%

Value ($000) $10,931 Shares 850,000 Est. Cost $12.86 Unrealized —

SVACU SPRING VALLEY ACQUISITION CO 0.1%

Value ($000) $10,400 Shares 1,000,000 Est. Cost $10.40 Unrealized —

— COLUMBUS CIRCLE CAPITAL CO A 0.1%

Value ($000) $10,120 Shares 1,000,000 Est. Cost $10.62 Unrealized —

TCOM TRIP.COM GROUP LTD ADR 0.1%

Value ($000) $9,641 Shares 128,200 Est. Cost $75.20 Unrealized —

— PROS HOLDINGS INC 2.25 09/15/2027 0.1%

Value ($000) $9,137 Shares 9,204,000 Est. Cost $1.10 Unrealized —

HVMCU HIGHVIEW MERGER CORP 0.0%

Value ($000) $7,590 Shares 750,000 Est. Cost $10.12 Unrealized —

LATAU GALATA ACQUISITION CORP II 0.0%

Value ($000) $7,485 Shares 750,000 Est. Cost $9.98 Unrealized —

— EMMIS ACQUISITION CORP 0.0%

Value ($000) $7,485 Shares 750,000 Est. Cost $9.98 Unrealized —

ALNY ALNYLAM PHARMACEUTICALS INC 0.0%

Value ($000) $6,550 Shares 14,364 Est. Cost $407.20 Unrealized +8.7%

— LIVEPERSON INC 0.0%

Value ($000) $6,489 Shares 11,124,880 Est. Cost $0.58 Unrealized —

BCSS/U BAIN CAPITAL GSS INVESTMENT 0.0%

Value ($000) $6,054 Shares 600,000 Est. Cost $10.09 Unrealized —

ANSC AGRICULTURE & NATURAL SOLUTI 0.0%

Value ($000) $5,460 Shares 500,000 Est. Cost $10.41 Unrealized +6.5%

— TRIP COM GROUP LTD 0.75 06/15/2029 144A 0.0%

Value ($000) $5,310 Shares 4,135,000 Est. Cost $1.11 Unrealized —

BLZRU TRAILBLAZER ACQUISITION CORP 0.0%

Value ($000) $5,125 Shares 500,000 Est. Cost $10.25 Unrealized —

CHECU CHENGHE ACQUISITION III CO 0.0%

Value ($000) $4,990 Shares 500,000 Est. Cost $9.98 Unrealized —

— GSR III ACQUISITION CORP 0.0%

Value ($000) $4,090 Shares 542,000 Est. Cost $10.04 Unrealized —

QUMSU QUANTUMSPHERE ACQUISITION CO 0.0%

Value ($000) $4,052 Shares 400,000 Est. Cost $10.13 Unrealized —

SBSW SIBANYE STILLWATER LTD ADR 0.0%

Value ($000) $3,816 Shares 339,510 Est. Cost $6.94 Unrealized —

IMSR HCM II ACQUISITION CORP CL A 0.0%

Value ($000) $3,437 Shares 209,426 Est. Cost $10.14 Unrealized +31.8%

— EVENTBRITE INC 5 12/01/2025 0.0%

Value ($000) $2,977 Shares 3,000,000 Est. Cost $1.46 Unrealized —

IMSRW HCM II ACQUISITION CORP 29 0.0%

Value ($000) $2,716 Shares 450,000 Est. Cost $0.69 Unrealized —

— CLOUDFLARE INC 0 08/15/2026 0.0%

Value ($000) $1,244 Shares 1,000,000 Est. Cost $1.24 Unrealized —

— GSR III ACQUISITION CORP RIGHTS 0.0%

Value ($000) $1,227 Shares 142,571 Est. Cost $1.48 Unrealized —

SVIWF SPRING VALLEY ACQUISITION AW 0.0%

Value ($000) $1,208 Shares 911,423 Est. Cost $0.96 Unrealized —

FCRS/U FUTURECREST ACQUISITION CORP 0.0%

Value ($000) $1,060 Shares 100,000 Est. Cost $10.60 Unrealized —

SVIRF SPRING VALLEY ACQUISIT RIGHT 0.0%

Value ($000) $1,059 Shares 2,073,092 Est. Cost $0.51 Unrealized —

ATRO ASTRONICS CORP 0.0%

Value ($000) $992 Shares 21,746 Est. Cost $36.50 Unrealized +37.8%

CRMLW CRITICAL METALS CORP 28 0.0%

Value ($000) $914 Shares 436,053 Est. Cost $0.16 Unrealized —

— USA RARE EARTH INC W EXP 08/31/202 0.0%

Value ($000) $756 Shares 105,492 Est. Cost $0.68 Unrealized —

— COLUMBUS CIRCLE CAPITAL 30 0.0%

Value ($000) $578 Shares 500,000 Est. Cost $1.82 Unrealized —

— NABORS ENERGY TRANSITI CW 0.0%

Value ($000) $522 Shares 2,250,000 Est. Cost $0.33 Unrealized —

ACHR/WS ARCHER AVIATION INC CW26 0.0%

Value ($000) $323 Shares 147,231 Est. Cost $3.24 Unrealized —

— PARSONS CORP 2.625 03/01/2029 0.0%

Value ($000) $268 Shares 235,000 Est. Cost $1.00 Unrealized —

CRML CRITICAL METALS CORP 0.0%

Value ($000) $202 Shares 32,423 Est. Cost $4.56 Unrealized +139.3%

ATMVR ALPHAVEST ACQUISITION CO RT 0.0%

Value ($000) $188 Shares 300,000 Est. Cost $0.14 Unrealized —

— BOWEN ACQUISITION CORP RTS 0.0%

Value ($000) $60 Shares 250,000 Est. Cost $0.12 Unrealized —

— GSR III ACQUISITION CORP UNIT 0.0%

Value ($000) $54 Shares 20,703 Est. Cost $2.59 Unrealized —

ISLWF ISRAEL ACQUISITIONS CORP 28 0.0%

Value ($000) $46 Shares 250,000 Est. Cost $0.15 Unrealized —

— MOOLEC SCIENCE SA 0.0%

Value ($000) $7 Shares 594,637 Est. Cost $0.10 Unrealized —

AMBWQ AMBIPAR EMERGENCY RESPONS 28 0.0%

Value ($000) $6 Shares 123,683 Est. Cost $0.40 Unrealized —

CEROW CERO THERAPEUTICS HLDGS INC CW26 0.0%

Value ($000) $4 Shares 249,999 Est. Cost $0.22 Unrealized —

— UCOMMUNE INTERNATIONAL CW25 0.0%

Value ($000) $1 Shares 207,680 Est. Cost $0.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BLOOM ENERGY CORP 3 06/01/2028	120,624,000	$546,242	3.4%	$2.18	—	—	093712AK3
—	BLOOM ENERGY CORP 3 06/01/2029 144A	122,915,000	$508,819	3.1%	$1.73	—	—	093712AM9
—	EXACT SCIENCES CORP 0.375 03/15/2027	244,980,000	$235,641	1.5%	$0.93	—	—	30063PAB1
—	RAPID7 INC 0.25 03/15/2027	156,062,000	$146,884	0.9%	$1.12	—	—	753422AF1
—	PAGERDUTY INC 1.5 10/15/2028	111,736,000	$109,535	0.7%	$0.98	—	—	69553PAD2
—	ANI PHARMACEUTICALS INC 2.25 09/01/2029 144A	71,000,000	$99,829	0.6%	$1.41	—	—	00182CAC7
—	JAMF HOLDING CORP 0.125 09/01/2026	90,840,000	$87,336	0.5%	$0.84	—	—	47074LAB1
—	TOPGOLF CALL BRAN CORP 2.75 05/01/2026	87,703,000	$86,525	0.5%	$1.57	—	—	131193AE4
—	CONFLUENT INC 0 01/15/2027	86,949,000	$82,055	0.5%	$0.82	—	—	20717MAB9
—	PROS HOLDINGS INC 2.5 07/01/2030 144A	62,350,000	$80,554	0.5%	$1.08	—	—	74346YAK9
—	HALOZYME THERAPEUTICS IN 0.25 03/01/2027	67,930,000	$77,956	0.5%	$0.89	—	—	40637HAD1
—	CSG SYSTEMS INTERNATIONA 3.875 09/15/2028	59,792,000	$66,617	0.4%	$1.03	—	—	126349AH2
—	FLUOR CORP 1.125 08/15/2029	46,413,000	$55,152	0.3%	$1.30	—	—	343412AJ1
—	GRANITE CONSTRUCTION INC 3.75 05/15/2028	20,431,000	$49,249	0.3%	$1.90	—	—	387328AD9
—	Q2 HOLDINGS INC 0.75 06/01/2026	44,817,000	$46,106	0.3%	$1.08	—	—	74736LAD1
—	ON SEMICONDUCTOR CORP 0.5 03/01/2029	39,131,000	$36,247	0.2%	$0.93	—	—	682189AU9
—	SAREPTA THERAPEUTICS INC 1.25 09/15/2027	40,510,000	$35,641	0.2%	$0.90	—	—	803607AD2
NVMI	NOVA LTD	90,980	$29,083	0.2%	$276.13	+16.4%	—	M7516K103
—	KOSMOS ENERGY LTD 3.125 03/15/2030	43,344,000	$27,649	0.2%	$0.76	—	—	500688AH9
—	SEMTECH CORP 4 11/01/2028	7,450,000	$26,443	0.2%	$2.32	—	—	816850AH4
BXP	BXP INC	251,871	$18,724	0.1%	$69.22	+1.7%	—	101121101
—	EVENTBRITE INC 0.75 09/15/2026	19,273,000	$18,305	0.1%	$0.86	—	—	29975EAD1
—	OIL STATES INTL INC 4.75 04/01/2026	17,296,000	$17,282	0.1%	$0.98	—	—	678026AK1
TLNCU	TALON CAPITAL CORP	1,500,000	$15,045	0.1%	$10.03	—	—	G86652115
MKLYU	MCKINLEY ACQUISITION CORP	1,445,000	$14,436	0.1%	$9.99	—	—	G6005T127
GSRFU	GSR IV ACQUISITION CORP	1,250,000	$12,669	0.1%	$10.13	—	—	G4R12K123
OTGAU	OTG ACQUISITION CORP I	1,250,000	$12,588	0.1%	$10.07	—	—	G6791A126
JBTM	JBT MAREL CORP	86,500	$12,149	0.1%	$136.51	+3.2%	—	477839104
BDCIU	BTC DEVELOPMENT CORP	1,125,000	$11,363	0.1%	$10.10	—	—	G0701G125
MBVIU	M3 BRIGADE ACQUISITION VI CO	1,100,000	$11,132	0.1%	$10.12	—	—	G63221124
CCCX	CHURCHILL CAPITAL CORP X A	850,000	$10,931	0.1%	$12.86	—	—	G2130T108
SVACU	SPRING VALLEY ACQUISITION CO	1,000,000	$10,400	0.1%	$10.40	—	—	G8377R127
—	COLUMBUS CIRCLE CAPITAL CO A	1,000,000	$10,120	0.1%	$10.62	—	—	G2296A109
TCOM	TRIP.COM GROUP LTD ADR	128,200	$9,641	0.1%	$75.20	—	—	89677Q107
—	PROS HOLDINGS INC 2.25 09/15/2027	9,204,000	$9,137	0.1%	$1.10	—	—	74346YAG8
HVMCU	HIGHVIEW MERGER CORP	750,000	$7,590	0.0%	$10.12	—	—	G4569C127
LATAU	GALATA ACQUISITION CORP II	750,000	$7,485	0.0%	$9.98	—	—	G3R25N124
—	EMMIS ACQUISITION CORP	750,000	$7,485	0.0%	$9.98	—	—	G3037D121
ALNY	ALNYLAM PHARMACEUTICALS INC	14,364	$6,550	0.0%	$407.20	+8.7%	—	02043Q107
—	LIVEPERSON INC	11,124,880	$6,489	0.0%	$0.58	—	—	538146101
BCSS/U	BAIN CAPITAL GSS INVESTMENT	600,000	$6,054	0.0%	$10.09	—	—	G0R78B122
ANSC	AGRICULTURE & NATURAL SOLUTI	500,000	$5,460	0.0%	$10.41	+6.5%	—	G0131Y100
—	TRIP COM GROUP LTD 0.75 06/15/2029 144A	4,135,000	$5,310	0.0%	$1.11	—	—	89677QAB3
BLZRU	TRAILBLAZER ACQUISITION CORP	500,000	$5,125	0.0%	$10.25	—	—	G9009S129
CHECU	CHENGHE ACQUISITION III CO	500,000	$4,990	0.0%	$9.98	—	—	G2086N113
—	GSR III ACQUISITION CORP	542,000	$4,090	0.0%	$10.04	—	—	G4R103107
QUMSU	QUANTUMSPHERE ACQUISITION CO	400,000	$4,052	0.0%	$10.13	—	—	G7387B122
SBSW	SIBANYE STILLWATER LTD ADR	339,510	$3,816	0.0%	$6.94	—	—	82575P107
IMSR	HCM II ACQUISITION CORP CL A	209,426	$3,437	0.0%	$10.14	+31.8%	—	G43658106
—	EVENTBRITE INC 5 12/01/2025	3,000,000	$2,977	0.0%	$1.46	—	—	29975EAB5
IMSRW	HCM II ACQUISITION CORP 29	450,000	$2,716	0.0%	$0.69	—	—	G43658122
—	CLOUDFLARE INC 0 08/15/2026	1,000,000	$1,244	0.0%	$1.24	—	—	18915MAC1
—	GSR III ACQUISITION CORP RIGHTS	142,571	$1,227	0.0%	$1.48	—	—	G4R103131
SVIWF	SPRING VALLEY ACQUISITION AW	911,423	$1,208	0.0%	$0.96	—	—	G83752116
FCRS/U	FUTURECREST ACQUISITION CORP	100,000	$1,060	0.0%	$10.60	—	—	G3730U123
SVIRF	SPRING VALLEY ACQUISIT RIGHT	2,073,092	$1,059	0.0%	$0.51	—	—	G83752132
ATRO	ASTRONICS CORP	21,746	$992	0.0%	$36.50	+37.8%	—	046433108
CRMLW	CRITICAL METALS CORP 28	436,053	$914	0.0%	$0.16	—	—	G2662B111
—	USA RARE EARTH INC W EXP 08/31/202	105,492	$756	0.0%	$0.68	—	—	91733P115
—	COLUMBUS CIRCLE CAPITAL 30	500,000	$578	0.0%	$1.82	—	—	G2296A117
—	NABORS ENERGY TRANSITI CW	2,250,000	$522	0.0%	$0.33	—	—	G6363K114
ACHR/WS	ARCHER AVIATION INC CW26	147,231	$323	0.0%	$3.24	—	—	03945R110
—	PARSONS CORP 2.625 03/01/2029	235,000	$268	0.0%	$1.00	—	—	70202LAD4
CRML	CRITICAL METALS CORP	32,423	$202	0.0%	$4.56	+139.3%	—	G2662B103
ATMVR	ALPHAVEST ACQUISITION CO RT	300,000	$188	0.0%	$0.14	—	—	G0283A116
—	BOWEN ACQUISITION CORP RTS	250,000	$60	0.0%	$0.12	—	—	G12729128
—	GSR III ACQUISITION CORP UNIT	20,703	$54	0.0%	$2.59	—	—	G4R103123
ISLWF	ISRAEL ACQUISITIONS CORP 28	250,000	$46	0.0%	$0.15	—	—	G49667119
—	MOOLEC SCIENCE SA	594,637	$7	0.0%	$0.10	—	—	L64875112
AMBWQ	AMBIPAR EMERGENCY RESPONS 28	123,683	$6	0.0%	$0.40	—	—	G02532110
CEROW	CERO THERAPEUTICS HLDGS INC CW26	249,999	$4	0.0%	$0.22	—	—	71902K113
—	UCOMMUNE INTERNATIONAL CW25	207,680	$1	0.0%	$0.27	—	—	G9449A118

Decreased Positions (37)

— SEMTECH CORP 1.625 11/01/2027 0.2%

Value ($000) $33,933 (-87.4%) Shares 16,664,000 (-88.0%) Est. Cost $1.34 Unrealized —

— SUPER MICRO COMPUTER INC 3.5 03/01/2029 0.4%

Value ($000) $69,546 (-74.3%) Shares 77,858,000 (-70.6%) Est. Cost $0.97 Unrealized —

— GRANITE CONSTRUCTION INC 3.25 06/15/2030 0.1%

Value ($000) $20,515 (-88.8%) Shares 12,852,000 (-89.2%) Est. Cost $1.37 Unrealized —

— IONIS PHARMACEUTICALS IN 0 04/01/2026 0.0%

Value ($000) $1,459 (-98.9%) Shares 1,062,000 (-99.0%) Est. Cost $1.09 Unrealized —

— DRAFTKINGS HOLDINGS INC 0 03/15/2028 0.3%

Value ($000) $50,622 (-69.7%) Shares 55,278,000 (-70.3%) Est. Cost $0.79 Unrealized —

— JAZZ INVESTMENTS I LTD 3.125 09/15/2030 1.4%

Value ($000) $233,995 (-31.8%) Shares 175,450,000 (-39.2%) Est. Cost $1.19 Unrealized —

— IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029 0.2%

Value ($000) $33,721 (-73.3%) Shares 24,086,000 (-73.8%) Est. Cost $1.04 Unrealized —

— WESTERN DIGITAL CORP 3 11/15/2028 0.7%

Value ($000) $118,660 (-42.8%) Shares 25,867,000 (-60.0%) Est. Cost $1.87 Unrealized —

— ALIBABA GROUP HOLDING 0.5 06/01/2031 1.3%

Value ($000) $216,888 (-29.0%) Shares 139,376,000 (-16.2%) Est. Cost $1.61 Unrealized —

— TRANSMEDICS GROUP INC 1.5 06/01/2028 0.5%

Value ($000) $78,419 (-50.7%) Shares 52,327,000 (-53.2%) Est. Cost $1.59 Unrealized —

— BLACKLINE INC 1 06/01/2029 0.0%

Value ($000) $209 (-99.7%) Shares 197,000 (-99.7%) Est. Cost $1.06 Unrealized —

— MAKEMYTRIP LIMITED 0 02/15/2028 1.0%

Value ($000) $168,916 (-29.4%) Shares 78,484,000 (-20.1%) Est. Cost $1.72 Unrealized —

— SNAP INC 0.5 05/01/2030 144A 0.5%

Value ($000) $79,036 (-40.6%) Shares 90,118,000 (-41.9%) Est. Cost $0.85 Unrealized —

— WORKIVA INC 1.25 08/15/2028 0.4%

Value ($000) $71,476 (-42.3%) Shares 72,275,000 (-42.3%) Est. Cost $0.95 Unrealized —

— FIVE9 INC 1 03/15/2029 0.6%

Value ($000) $104,191 (-30.9%) Shares 115,439,000 (-32.2%) Est. Cost $0.85 Unrealized —

— LI AUTO INC 0.25 05/01/2028 1.6%

Value ($000) $263,568 (-14.7%) Shares 261,707,000 (-3.1%) Est. Cost $1.30 Unrealized —

— LIBERTY MEDIA CORP 3.75 03/15/2028 1.5%

Value ($000) $251,070 (-14.0%) Shares 249,419,000 (-10.7%) Est. Cost $1.07 Unrealized —

— WAYFAIR INC 3.25 09/15/2027 0.2%

Value ($000) $33,952 (-51.9%) Shares 20,327,000 (-56.2%) Est. Cost $1.34 Unrealized —

— SNAP INC 0.125 03/01/2028 0.1%

Value ($000) $15,968 (-60.7%) Shares 17,550,000 (-61.3%) Est. Cost $0.79 Unrealized —

— NIO INC 4.625 10/15/2030 0.2%

Value ($000) $35,988 (-39.3%) Shares 39,748,000 (-29.4%) Est. Cost $1.05 Unrealized —

— GREEN PLAINS INC 2.25 03/15/2027 0.0%

Value ($000) $2,978 (-88.4%) Shares 3,103,000 (-88.4%) Est. Cost $0.96 Unrealized —

— TRAVERE THERAPEUTICS INC 2.25 03/01/2029 0.8%

Value ($000) $122,037 (+19.3%) Shares 85,562,000 (-5.5%) Est. Cost $0.93 Unrealized —

— ETSY INC 0.125 09/01/2027 0.3%

Value ($000) $42,714 (-29.9%) Shares 45,982,000 (-30.4%) Est. Cost $0.84 Unrealized —

— ETSY INC 0.25 06/15/2028 0.6%

Value ($000) $100,126 (-14.7%) Shares 112,000,000 (-15.2%) Est. Cost $0.80 Unrealized —

— WEIBO CORP 1.375 12/01/2030 0.5%

Value ($000) $80,584 (-17.0%) Shares 69,471,000 (-7.3%) Est. Cost $1.10 Unrealized —

CORZW CORE SCIENTIFIC INC 27 0.1%

Value ($000) $17,013 (-47.7%) Shares 2,013,335 (-28.4%) Est. Cost $4.83 Unrealized —

— EXACT SCIENCES CORP 0.375 03/01/2028 1.5%

Value ($000) $244,860 (+6.4%) Shares 238,106,000 (-4.0%) Est. Cost $0.91 Unrealized —

— WISDOMTREE INC 3.25 08/15/2029 144A 0.2%

Value ($000) $37,491 (-25.3%) Shares 31,127,000 (-19.0%) Est. Cost $1.31 Unrealized —

— REPLIGEN CORP 1 12/15/2028 0.0%

Value ($000) $2,912 (-78.8%) Shares 2,653,000 (-80.6%) Est. Cost $1.03 Unrealized —

— CERENCE INC 1.5 07/01/2028 0.2%

Value ($000) $40,260 (-15.6%) Shares 44,725,000 (-21.8%) Est. Cost $0.55 Unrealized —

— CIPHER MINING 1.75 05/15/2030 0.9%

Value ($000) $153,450 (-3.7%) Shares 44,000,000 (-18.5%) Est. Cost $1.49 Unrealized —

— ASCENDIS PHARMA A/S 2.25 04/01/2028 1.2%

Value ($000) $195,071 (-1.5%) Shares 137,397,000 (-5.2%) Est. Cost $1.13 Unrealized —

CCCXW CHURCHILL CAPITAL CORP X 0.0%

Value ($000) $1,304 (+34.0%) Shares 168,476 (-38.7%) Est. Cost $3.54 Unrealized —

CHAC CRANE HARBOR ACQU CORP A 0.0%

Value ($000) $3,770 (-7.0%) Shares 350,000 (-12.5%) Est. Cost $9.98 Unrealized +11.6%

KYIV KYIVSTAR GROUP LTD ORD SHS 0.0%

Value ($000) $2,546 (-8.9%) Shares 217,932 (-12.3%) Est. Cost $11.39 Unrealized +15.7%

ETHMW DYNAMIX CORP 29 0.0%

Value ($000) $945 (-19.0%) Shares 525,001 (-4.5%) Est. Cost $0.27 Unrealized —

WLACW WILLOW LANE ACQUISITION 29 0.0%

Value ($000) $741 (+33.9%) Shares 172,252 (-8.1%) Est. Cost $0.26 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SEMTECH CORP 1.625 11/01/2027	16,664,000 (-88.0%)	$33,933 (-87.4%)	0.2%	$1.34	—	SDBCV	816850AF8
—	SUPER MICRO COMPUTER INC 3.5 03/01/2029	77,858,000 (-70.6%)	$69,546 (-74.3%)	0.4%	$0.97	—	SDBCV	86800UAB0
—	GRANITE CONSTRUCTION INC 3.25 06/15/2030	12,852,000 (-89.2%)	$20,515 (-88.8%)	0.1%	$1.37	—	SDBCV	387328AF4
—	IONIS PHARMACEUTICALS IN 0 04/01/2026	1,062,000 (-99.0%)	$1,459 (-98.9%)	0.0%	$1.09	—	SDBCV	462222AD2
—	DRAFTKINGS HOLDINGS INC 0 03/15/2028	55,278,000 (-70.3%)	$50,622 (-69.7%)	0.3%	$0.79	—	SDBCV	26142RAB0
—	JAZZ INVESTMENTS I LTD 3.125 09/15/2030	175,450,000 (-39.2%)	$233,995 (-31.8%)	1.4%	$1.19	—	SDBCV	472145AH4
—	IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029	24,086,000 (-73.8%)	$33,721 (-73.3%)	0.2%	$1.04	—	SDBCV	450056AB2
—	WESTERN DIGITAL CORP 3 11/15/2028	25,867,000 (-60.0%)	$118,660 (-42.8%)	0.7%	$1.87	—	SDBCV	958102AT2
—	ALIBABA GROUP HOLDING 0.5 06/01/2031	139,376,000 (-16.2%)	$216,888 (-29.0%)	1.3%	$1.61	—	SDBCV	01609WBG6
—	TRANSMEDICS GROUP INC 1.5 06/01/2028	52,327,000 (-53.2%)	$78,419 (-50.7%)	0.5%	$1.59	—	SDBCV	89377MAB5
—	BLACKLINE INC 1 06/01/2029	197,000 (-99.7%)	$209 (-99.7%)	0.0%	$1.06	—	SDBCV	09239BAF6
—	MAKEMYTRIP LIMITED 0 02/15/2028	78,484,000 (-20.1%)	$168,916 (-29.4%)	1.0%	$1.72	—	SDBCV	56087FAB0
—	SNAP INC 0.5 05/01/2030 144A	90,118,000 (-41.9%)	$79,036 (-40.6%)	0.5%	$0.85	—	SDBCV	83304AAK2
—	WORKIVA INC 1.25 08/15/2028	72,275,000 (-42.3%)	$71,476 (-42.3%)	0.4%	$0.95	—	SDBCV	98139AAD7
—	FIVE9 INC 1 03/15/2029	115,439,000 (-32.2%)	$104,191 (-30.9%)	0.6%	$0.85	—	SDBCV	338307AF8
—	LI AUTO INC 0.25 05/01/2028	261,707,000 (-3.1%)	$263,568 (-14.7%)	1.6%	$1.30	—	SDBCV	50202MAB8
—	LIBERTY MEDIA CORP 3.75 03/15/2028	249,419,000 (-10.7%)	$251,070 (-14.0%)	1.5%	$1.07	—	SDBCV	531229AP7
—	WAYFAIR INC 3.25 09/15/2027	20,327,000 (-56.2%)	$33,952 (-51.9%)	0.2%	$1.34	—	SDBCV	94419LAP6
—	SNAP INC 0.125 03/01/2028	17,550,000 (-61.3%)	$15,968 (-60.7%)	0.1%	$0.79	—	SDBCV	83304AAH9
—	NIO INC 4.625 10/15/2030	39,748,000 (-29.4%)	$35,988 (-39.3%)	0.2%	$1.05	—	SDBCV	62914VAK2
—	GREEN PLAINS INC 2.25 03/15/2027	3,103,000 (-88.4%)	$2,978 (-88.4%)	0.0%	$0.96	—	SDBCV	393222AK0
—	TRAVERE THERAPEUTICS INC 2.25 03/01/2029	85,562,000 (-5.5%)	$122,037 (+19.3%)	0.8%	$0.93	—	SDBCV	89422GAA5
—	ETSY INC 0.125 09/01/2027	45,982,000 (-30.4%)	$42,714 (-29.9%)	0.3%	$0.84	—	SDBCV	29786AAL0
—	ETSY INC 0.25 06/15/2028	112,000,000 (-15.2%)	$100,126 (-14.7%)	0.6%	$0.80	—	SDBCV	29786AAN6
—	WEIBO CORP 1.375 12/01/2030	69,471,000 (-7.3%)	$80,584 (-17.0%)	0.5%	$1.10	—	SDBCV	948596AJ0
CORZW	CORE SCIENTIFIC INC 27	2,013,335 (-28.4%)	$17,013 (-47.7%)	0.1%	$4.83	—	RT	21874A114
—	EXACT SCIENCES CORP 0.375 03/01/2028	238,106,000 (-4.0%)	$244,860 (+6.4%)	1.5%	$0.91	—	SDBCV	30063PAC9
—	WISDOMTREE INC 3.25 08/15/2029 144A	31,127,000 (-19.0%)	$37,491 (-25.3%)	0.2%	$1.31	—	SDBCV	97717PAH7
—	REPLIGEN CORP 1 12/15/2028	2,653,000 (-80.6%)	$2,912 (-78.8%)	0.0%	$1.03	—	SDBCV	759916AD1
—	CERENCE INC 1.5 07/01/2028	44,725,000 (-21.8%)	$40,260 (-15.6%)	0.2%	$0.55	—	SDBCV	156727AD1
—	CIPHER MINING 1.75 05/15/2030	44,000,000 (-18.5%)	$153,450 (-3.7%)	0.9%	$1.49	—	SDBCV	17253JAA4
—	ASCENDIS PHARMA A/S 2.25 04/01/2028	137,397,000 (-5.2%)	$195,071 (-1.5%)	1.2%	$1.13	—	SDBCV	04351PAD3
CCCXW	CHURCHILL CAPITAL CORP X	168,476 (-38.7%)	$1,304 (+34.0%)	0.0%	$3.54	—	RT	G2130T116
CHAC	CRANE HARBOR ACQU CORP A	350,000 (-12.5%)	$3,770 (-7.0%)	0.0%	$9.98	+11.6%	COM	G24979109
KYIV	KYIVSTAR GROUP LTD ORD SHS	217,932 (-12.3%)	$2,546 (-8.9%)	0.0%	$11.39	+15.7%	COM	G5331N101
ETHMW	DYNAMIX CORP 29	525,001 (-4.5%)	$945 (-19.0%)	0.0%	$0.27	—	RT	G2949D112
WLACW	WILLOW LANE ACQUISITION 29	172,252 (-8.1%)	$741 (+33.9%)	0.0%	$0.26	—	RT	G9675P110

Unchanged Positions (252)

— PELOTON INTERACTIVE INC 5.5 12/01/2029 1.4%

Value ($000) $229,099 Shares 137,643,000 Est. Cost $1.89 Unrealized —

— STRATEGY INC NOTE 2.250 6/1 0.7%

Value ($000) $107,325 Shares 96,649,000 Est. Cost $2.15 Unrealized —

— BRIDGEBIO PHARMA INC 2.5 03/15/2027 0.9%

Value ($000) $148,025 Shares 78,430,000 Est. Cost $1.06 Unrealized —

— EVOLENT HEALTH INC 3.5 12/01/2029 0.5%

Value ($000) $77,449 Shares 114,600,000 Est. Cost $0.85 Unrealized —

— GUARDANT HEALTH INC 0 11/15/2027 0.6%

Value ($000) $104,139 Shares 96,940,000 Est. Cost $0.89 Unrealized —

— DYNAVAX TECHNOLOGIES 2 03/15/2030 144A 0.6%

Value ($000) $90,385 Shares 86,598,000 Est. Cost $0.96 Unrealized —

— BLACKBERRY LTD 3 02/15/2029 0.3%

Value ($000) $52,319 Shares 41,471,000 Est. Cost $1.27 Unrealized —

— LIVANOVA PLC 2.5 03/15/2029 0.7%

Value ($000) $118,736 Shares 102,415,000 Est. Cost $0.96 Unrealized —

— ENCORE CAPITAL GROUP INC 4 03/15/2029 0.5%

Value ($000) $82,705 Shares 74,960,000 Est. Cost $0.95 Unrealized —

— NIO INC 3.875 10/15/2029 0.2%

Value ($000) $38,997 Shares 41,282,000 Est. Cost $0.87 Unrealized —

— LYFT INC 0.625 03/01/2029 0.4%

Value ($000) $67,771 Shares 56,274,000 Est. Cost $0.97 Unrealized —

— IONIS PHARMACEUTICALS IN 1.75 06/15/2028 0.2%

Value ($000) $31,697 Shares 19,930,000 Est. Cost $1.35 Unrealized —

— PTC THERAPEUTICS INC 1.5 09/15/2026 0.2%

Value ($000) $29,733 Shares 19,979,000 Est. Cost $1.06 Unrealized —

— APPLIED OPTOELECTRONICS 2.75 01/15/2030 0.2%

Value ($000) $28,051 Shares 24,250,000 Est. Cost $0.87 Unrealized —

— WINNEBAGO INDUSTRIES 3.25 01/15/2030 0.5%

Value ($000) $83,297 Shares 88,548,000 Est. Cost $0.88 Unrealized —

— VEECO INSTRUMENTS INC 2.875 06/01/2029 0.6%

Value ($000) $102,611 Shares 82,575,000 Est. Cost $1.58 Unrealized —

— INNOVIVA INC 2.125 03/15/2028 0.4%

Value ($000) $68,789 Shares 67,396,000 Est. Cost $0.80 Unrealized —

— VERTEX INC 0.75 05/01/2029 144A 0.2%

Value ($000) $27,231 Shares 28,700,000 Est. Cost $1.02 Unrealized —

— VISHAY INTERTECHNOLOGY 2.25 09/15/2030 1.2%

Value ($000) $187,507 Shares 208,038,000 Est. Cost $0.90 Unrealized —

— SPECTRUM BRANDS INC 3.375 06/01/2029 0.5%

Value ($000) $88,351 Shares 93,200,000 Est. Cost $0.91 Unrealized —

— IMPINJ INC 1.125 05/15/2027 0.3%

Value ($000) $46,078 Shares 28,262,000 Est. Cost $1.29 Unrealized —

— AMPHASTAR PHARMACEUTICAL 2 03/15/2029 0.5%

Value ($000) $86,580 Shares 93,574,000 Est. Cost $0.98 Unrealized —

— EVOLENT HEALTH INC 4.5 08/15/2031 144A 0.0%

Value ($000) $3,177 Shares 4,500,000 Est. Cost $1.00 Unrealized —

— PROGRESS SOFTWARE CORP 3.5 03/01/2030 0.9%

Value ($000) $153,382 Shares 151,347,000 Est. Cost $1.04 Unrealized —

— ALPHATEC HOLDINGS INC 0.75 08/01/2026 0.0%

Value ($000) $7,885 Shares 6,314,000 Est. Cost $0.95 Unrealized —

— ENVISTA HOLDINGS CORP 1.75 08/15/2028 0.4%

Value ($000) $72,922 Shares 75,854,000 Est. Cost $0.91 Unrealized —

— ARRAY TECHNOLOGIES INC 1 12/01/2028 0.2%

Value ($000) $25,541 Shares 28,170,000 Est. Cost $0.76 Unrealized —

— HALOZYME THERAPEUTICS IN 1 08/15/2028 0.1%

Value ($000) $17,262 Shares 12,993,000 Est. Cost $1.41 Unrealized —

— ENPHASE ENERGY INC 0 03/01/2028 0.7%

Value ($000) $106,295 Shares 121,632,000 Est. Cost $0.86 Unrealized —

KDKRW KODIAK AI INC W EXP 09/25/203 0.0%

Value ($000) $2,669 Shares 1,755,761 Est. Cost $1.06 Unrealized —

— MARRIOTT VACATION WORLDW 3.25 12/15/2027 0.9%

Value ($000) $150,959 Shares 158,451,000 Est. Cost $0.89 Unrealized —

— ENOVIS CORP 3.875 10/15/2028 0.6%

Value ($000) $99,690 Shares 101,748,000 Est. Cost $1.05 Unrealized —

— CONMED CORP 2.25 06/15/2027 0.8%

Value ($000) $133,443 Shares 139,175,000 Est. Cost $0.99 Unrealized —

— XOMETRY INC 1 02/01/2027 0.1%

Value ($000) $15,729 Shares 12,486,000 Est. Cost $0.97 Unrealized —

CHACR CRANE HARBOR ACQUISITION RTS 0.0%

Value ($000) $1,129 Shares 1,400,000 Est. Cost $0.27 Unrealized —

— ZIFF DAVIS INC 3.625 03/01/2028 144A 0.3%

Value ($000) $44,679 Shares 45,586,000 Est. Cost $0.96 Unrealized —

HYAC/WS HAYMAKER ACQUISITION CORP 28 0.0%

Value ($000) $700 Shares 450,001 Est. Cost $0.17 Unrealized —

— OPKO HEALTH INC 3.75 01/15/2029 0.0%

Value ($000) $2,958 Shares 2,235,000 Est. Cost $1.42 Unrealized —

AEXA AMERICAN EXCEPTIONALISM CL A 0.1%

Value ($000) $9,682 Shares 850,000 Est. Cost $10.77 Unrealized +4.2%

— MIRUM PHARMACEUTICALS 4 05/01/2029 0.0%

Value ($000) $5,171 Shares 2,000,000 Est. Cost $2.41 Unrealized —

FLDDW FOLD HOLDINGS INC 23 0.0%

Value ($000) $164 Shares 1,000,000 Est. Cost $0.72 Unrealized —

CNCK COINCHECK GROUP NV 0.0%

Value ($000) $396 Shares 157,170 Est. Cost $10.67 Unrealized -63.1%

BACQR INFLECTION POINT ACQUISITION 0.0%

Value ($000) $1,723 Shares 2,275,000 Est. Cost $0.21 Unrealized —

FTW EQV VENTURES ACQUISITION C A 0.2%

Value ($000) $31,566 Shares 3,009,198 Est. Cost $9.93 Unrealized +5.2%

GRAF GRAF GLOBAL CORP CL A 0.1%

Value ($000) $16,133 Shares 1,500,000 Est. Cost $10.04 Unrealized +6.2%

BLUW BLUE WATER ACQUISITION C A 0.1%

Value ($000) $9,288 Shares 900,000 Est. Cost $9.97 Unrealized +1.6%

— UPWORK INC 0.25 08/15/2026 0.2%

Value ($000) $34,414 Shares 35,244,000 Est. Cost $0.86 Unrealized —

— PAR TECHNOLOGY CORP 1.5 10/15/2027 0.1%

Value ($000) $22,719 Shares 23,220,000 Est. Cost $1.04 Unrealized —

LOKVW LIVE OAK ACQUISITION CO CW29 0.0%

Value ($000) $542 Shares 549,999 Est. Cost $0.68 Unrealized —

CEPT CANTOR EQUITY PARTNERS CL A 0.0%

Value ($000) $4,489 Shares 398,700 Est. Cost $11.29 Unrealized -0.1%

BACQ INFLECTION POINT ACQUISITION 0.0%

Value ($000) $8,040 Shares 750,000 Est. Cost $9.95 Unrealized +9.3%

SBXD SILVERBOX CORP IV A 0.1%

Value ($000) $21,160 Shares 2,000,000 Est. Cost $10.04 Unrealized +4.9%

BACCR BLUE ACQUISITION CORP RTS 0.0%

Value ($000) $428 Shares 1,425,000 Est. Cost $0.15 Unrealized —

TACOW BERTO ACQUISITION CORP 30 0.0%

Value ($000) $298 Shares 744,699 Est. Cost $0.69 Unrealized —

BEAG BOLD EAGLE ACQUISITION COR A 0.1%

Value ($000) $12,167 Shares 1,150,000 Est. Cost $10.10 Unrealized +5.4%

BLUWW BLUE WATER ACQUISITION CW26 0.0%

Value ($000) $264 Shares 450,000 Est. Cost $0.15 Unrealized —

EGHA EGH ACQUISITION CO A 0.1%

Value ($000) $15,210 Shares 1,500,000 Est. Cost $10.02 Unrealized +0.9%

ALVOW ALVOTECH SA 27 0.0%

Value ($000) $180 Shares 252,884 Est. Cost $0.67 Unrealized —

TVACW TEXAS VENTURES ACQ 31 0.0%

Value ($000) $656 Shares 750,000 Est. Cost $0.26 Unrealized —

CGCT CARTESIAN GROWTH CORP I CL A 0.0%

Value ($000) $7,718 Shares 750,000 Est. Cost $10.01 Unrealized +1.3%

APAD A PARADISE ACQUISITION A 0.1%

Value ($000) $12,060 Shares 1,200,000 Est. Cost $9.89 Unrealized +1.1%

CCIX CHURCHILL CAPITAL CORP IX 0.1%

Value ($000) $12,225 Shares 1,150,000 Est. Cost $10.63 Unrealized +0.1%

AACB ARTIUS II ACQUISITION INC A 0.1%

Value ($000) $10,300 Shares 1,000,000 Est. Cost $10.02 Unrealized +2.3%

TACH TITAN ACQUISITION CORP CL A 0.1%

Value ($000) $12,312 Shares 1,200,000 Est. Cost $10.05 Unrealized +1.7%

— INOTIV INC 3.25 10/15/2027 0.0%

Value ($000) $7,494 Shares 31,725,000 Est. Cost $0.41 Unrealized —

XRPN ARMADA ACQUISITION CLASS A 0.1%

Value ($000) $8,192 Shares 800,000 Est. Cost $10.04 Unrealized +2.3%

WLAC WILLOW LANE ACQUISITION CL A 0.0%

Value ($000) $1,896 Shares 150,000 Est. Cost $9.96 Unrealized +23.5%

RAC RITHM ACQUISITION CORP A 0.1%

Value ($000) $11,429 Shares 1,100,000 Est. Cost $10.06 Unrealized +2.9%

KCHV KOCHAV DEFENSE ACQUISITION A 0.1%

Value ($000) $14,196 Shares 1,400,000 Est. Cost $10.02 Unrealized +0.9%

KFII K&F GROWTH ACQUISITION COR A 0.1%

Value ($000) $12,925 Shares 1,250,000 Est. Cost $9.94 Unrealized +3.5%

CNCKW COINCHECK GROUP NV W EXP 12/11/202 0.0%

Value ($000) $157 Shares 456,286 Est. Cost $1.92 Unrealized —

TVAI THAYER VENTURES ACQUIS CL A 0.1%

Value ($000) $17,710 Shares 1,750,000 Est. Cost $10.02 Unrealized +0.7%

PMTRW PERIMETER ACQUIS CORP I 30 0.0%

Value ($000) $655 Shares 850,000 Est. Cost $0.69 Unrealized —

AACBR ARTIUS II ACQUISITION INC 0.0%

Value ($000) $454 Shares 1,375,000 Est. Cost $0.25 Unrealized —

— PAR TECHNOLOGY CORP 2.875 04/15/2026 0.0%

Value ($000) $4,538 Shares 4,450,000 Est. Cost $1.49 Unrealized —

DAAQW DIGITAL ASSET ACQUISITION 30 0.0%

Value ($000) $218 Shares 518,875 Est. Cost $0.85 Unrealized —

PCAP PROCAP ACQUISITION CORP A 0.1%

Value ($000) $9,624 Shares 950,000 Est. Cost $10.31 Unrealized -0.6%

LOKV LIVE OAK ACQUISITION CORP A 0.1%

Value ($000) $11,330 Shares 1,100,000 Est. Cost $10.26 Unrealized +0.1%

ALF CENTURION ACQUISITION CORP 0.1%

Value ($000) $10,680 Shares 1,000,000 Est. Cost $10.42 Unrealized +1.8%

ONCH 1RT ACQUISITION CORP A 0.0%

Value ($000) $5,203 Shares 510,100 Est. Cost $10.28 Unrealized +0.2%

AISPW AIRSHIP AI HOLDINGS INC CW28 0.0%

Value ($000) $147 Shares 162,704 Est. Cost $0.05 Unrealized —

CRAQ CAL REDWOOD ACQUISIT CL A 0.0%

Value ($000) $7,126 Shares 700,000 Est. Cost $9.99 Unrealized +1.0%

CCII COHEN CIRCLE ACQUISIT II A 0.1%

Value ($000) $14,280 Shares 1,394,511 Est. Cost $10.11 Unrealized +1.5%

WENNW WEN ACQUISITION CORP A 31 0.0%

Value ($000) $169 Shares 511,206 Est. Cost $0.57 Unrealized —

ATII ARCHIMEDES TECH SPAC PARTNER 0.1%

Value ($000) $10,360 Shares 1,000,000 Est. Cost $10.08 Unrealized +2.6%

NHIC NEWHOLD INVESTMENT CORP II A 0.0%

Value ($000) $6,993 Shares 675,000 Est. Cost $10.06 Unrealized +2.5%

PACH PIONEER ACQUISITION I CL A 0.1%

Value ($000) $10,060 Shares 1,000,000 Est. Cost $9.95 Unrealized +1.2%

— APELLIS PHARMACEUTICALS 3.5 09/15/2026 0.2%

Value ($000) $29,056 Shares 28,138,000 Est. Cost $1.71 Unrealized —

PAII PYROPHYTE ACQUISITION CORP A 0.1%

Value ($000) $11,569 Shares 1,150,000 Est. Cost $9.94 Unrealized +1.3%

RDAG REPUBLIC DIGITAL ACQUIS CL A 0.1%

Value ($000) $13,416 Shares 1,325,023 Est. Cost $10.33 Unrealized -0.8%

GRAF/WS GRAF GLOBAL CORP 29 0.0%

Value ($000) $364 Shares 750,000 Est. Cost $0.14 Unrealized —

NPAC NEW PROVIDENCE ACQUISITION A 0.1%

Value ($000) $12,312 Shares 1,200,000 Est. Cost $10.35 Unrealized -0.9%

MCGA YORKVILLE ACQUISITION CORP A 0.0%

Value ($000) $2,026 Shares 200,000 Est. Cost $10.72 Unrealized -3.9%

PCAPW PROCAP ACQ CORP A 30 0.0%

Value ($000) $111 Shares 316,666 Est. Cost $0.68 Unrealized —

SPEG SILVER PEGASUS ACQUISITION A 0.1%

Value ($000) $8,577 Shares 850,000 Est. Cost $9.96 Unrealized +0.9%

ETHM DYNAMIX CORP 0.1%

Value ($000) $8,434 Shares 819,611 Est. Cost $9.80 Unrealized +5.8%

OACC OAKTREE ACQUISITION CORP I A 0.0%

Value ($000) $6,378 Shares 600,000 Est. Cost $10.04 Unrealized +5.4%

NTWO NEWBURY STREET II AC CLASS A 0.1%

Value ($000) $9,414 Shares 900,000 Est. Cost $9.99 Unrealized +4.0%

IPCX INFLECTION POINT ACQUISITION 0.1%

Value ($000) $18,911 Shares 1,865,000 Est. Cost $10.20 Unrealized -0.5%

JENA JENA ACQUISITION CORP II A 0.1%

Value ($000) $15,826 Shares 1,550,000 Est. Cost $10.14 Unrealized +0.6%

IPCXR INFLECTION POINT ACQUISITION 0.0%

Value ($000) $642 Shares 1,690,000 Est. Cost $0.40 Unrealized —

SDHI SIDDHI ACQUISITION CORP A 0.1%

Value ($000) $8,216 Shares 800,000 Est. Cost $10.11 Unrealized +1.2%

GTERA GLOBA TERRA ACQUISITION CO A 0.0%

Value ($000) $7,685 Shares 760,850 Est. Cost $9.96 Unrealized +0.8%

CEPF CANTOR EQUITY PARTNERS CL A 0.1%

Value ($000) $10,280 Shares 1,000,000 Est. Cost $10.15 Unrealized +2.4%

MRNOW MURANO GLOBAL BV 28 0.0%

Value ($000) $20 Shares 749,999 Est. Cost $0.12 Unrealized —

MLACR MOUNTAIN LAKE ACQUISITION CO 0.0%

Value ($000) $306 Shares 1,175,000 Est. Cost $0.17 Unrealized —

— PENGUIN SOLUTIONS INC 2.25 02/15/2026 0.0%

Value ($000) $258 Shares 250,000 Est. Cost $1.36 Unrealized —

GTEN GORES HOLDINGS X INC CL A 0.1%

Value ($000) $12,605 Shares 1,225,000 Est. Cost $10.24 Unrealized +0.9%

APADR A PARADISE ACQUISITION CORP 0.0%

Value ($000) $282 Shares 1,200,000 Est. Cost $0.17 Unrealized —

TDAC TRANSLATIONAL DEVELOPMENT AC 0.0%

Value ($000) $6,294 Shares 600,000 Est. Cost $10.05 Unrealized +3.8%

EVAC EQV VENTURES ACQUISITION C A 0.1%

Value ($000) $10,281 Shares 1,025,000 Est. Cost $9.94 Unrealized +0.7%

OYSE OYSTER ENTERPRISES II ACQ A 0.1%

Value ($000) $11,627 Shares 1,150,000 Est. Cost $10.01 Unrealized +0.6%

GPAT GP ACT III ACQUISITION A 0.1%

Value ($000) $8,534 Shares 797,584 Est. Cost $10.57 Unrealized +0.8%

PLMK PLUM ACQUISITION CORP IV 0.0%

Value ($000) $7,301 Shares 700,000 Est. Cost $10.01 Unrealized +4.0%

LWAC LIGHTWAVE ACQUISITION CORP A 0.1%

Value ($000) $9,548 Shares 950,000 Est. Cost $9.97 Unrealized +0.8%

LPBB LAUNCH TWO ACQUISITION CL A 0.1%

Value ($000) $13,616 Shares 1,296,800 Est. Cost $10.12 Unrealized +3.5%

HCMAW HCM III ACQUISITION CORP 30 0.0%

Value ($000) $167 Shares 333,333 Est. Cost $0.71 Unrealized —

SBXD/WS SILVERBOX CORP IV A 29 0.0%

Value ($000) $210 Shares 666,667 Est. Cost $0.23 Unrealized —

RDAGW REPUBLIC DIGITAL ACQU 30 0.0%

Value ($000) $358 Shares 662,511 Est. Cost $0.69 Unrealized —

ANSCW AGRICULTURE & NATURAL SOLU W 0.0%

Value ($000) $167 Shares 499,999 Est. Cost $0.28 Unrealized —

MLAC MOUNTAIN LAKE ACQUISITION A 0.1%

Value ($000) $9,100 Shares 875,000 Est. Cost $10.00 Unrealized +4.1%

AXINR AXIOM INTELLIGENCE ACQUISITI 0.0%

Value ($000) $214 Shares 950,000 Est. Cost $0.16 Unrealized —

LEGT LEGATO MERGER CORP III 0.0%

Value ($000) $4,896 Shares 450,000 Est. Cost $10.26 Unrealized +5.6%

MCGAW YORKVILLE ACQUISITION 30 0.0%

Value ($000) $42 Shares 83,334 Est. Cost $1.25 Unrealized —

VNME VENDOME ACQUISITION CORP A 0.0%

Value ($000) $4,783 Shares 475,000 Est. Cost $9.92 Unrealized +1.1%

CRAQR CAL REDWOOD ACQUISITION CORP 0.0%

Value ($000) $256 Shares 846,325 Est. Cost $0.27 Unrealized —

DRDB ROMAN DBDR ACQUISITION CORP 0.0%

Value ($000) $5,215 Shares 500,000 Est. Cost $9.96 Unrealized +4.6%

CAEP CANTOR EQUITY PARTNERS III A 0.0%

Value ($000) $5,100 Shares 500,000 Est. Cost $10.53 Unrealized -1.5%

OBA OXLEY BRIDGE ACQUISITIO CL A 0.0%

Value ($000) $5,030 Shares 500,000 Est. Cost $9.94 Unrealized +0.8%

BEAGR BOLD EAGLE ACQUISITION CORP 0.0%

Value ($000) $268 Shares 800,000 Est. Cost $0.25 Unrealized —

TVA TEXAS VENTURES ACQUISITION A 0.1%

Value ($000) $10,650 Shares 1,000,000 Est. Cost $10.04 Unrealized +8.1%

AXIN AXIOM INTELLIGENCE CL A 0.0%

Value ($000) $6,546 Shares 650,000 Est. Cost $9.97 Unrealized +0.8%

ALDF ALDEL FINANCIAL II INC 0.1%

Value ($000) $9,985 Shares 950,000 Est. Cost $10.01 Unrealized +4.8%

SOCA SOLARIUS CAPITAL ACQUIS CL A 0.0%

Value ($000) $6,030 Shares 600,000 Est. Cost $9.98 Unrealized +1.0%

CRGOW FREIGHTOS LTD CW28 0.0%

Value ($000) $73 Shares 487,500 Est. Cost $0.20 Unrealized —

VCIC VINE HILL CAPITAL CLASS A 0.1%

Value ($000) $9,564 Shares 888,000 Est. Cost $10.29 Unrealized +6.4%

EGHAR EGH ACQUISITION CORP RTS 0.0%

Value ($000) $368 Shares 1,417,000 Est. Cost $0.22 Unrealized —

RDZNW ROADZEN INC W EXP 11/30/202 0.0%

Value ($000) $69 Shares 249,999 Est. Cost $0.04 Unrealized —

— GLADSTONE CAPITAL CORP 5.875 10/01/2030 0.1%

Value ($000) $8,301 Shares 8,500,000 Est. Cost $0.98 Unrealized —

PGACR PANTAGES CAPITAL ACQUIS RT 0.0%

Value ($000) $345 Shares 1,500,000 Est. Cost $0.23 Unrealized —

VCICW VINE HILL CAPITAL CLASS A 2 0.0%

Value ($000) $405 Shares 224,999 Est. Cost $0.35 Unrealized —

XRPNW Armada Acquisition Corp A 0.0%

Value ($000) $596 Shares 681,000 Est. Cost $0.28 Unrealized —

SZZLR SIZZLE ACQUISITION CORP RTS 0.0%

Value ($000) $362 Shares 2,414,026 Est. Cost $0.19 Unrealized —

JACS JACKSON ACQUISITION CO CL A 0.1%

Value ($000) $11,983 Shares 1,150,000 Est. Cost $10.12 Unrealized +2.9%

SVCC STELLAR V CAPITAL CORP CL A 0.0%

Value ($000) $7,256 Shares 700,000 Est. Cost $9.98 Unrealized +3.9%

PMTR PERIMETER ACQUIS CORP I CL A 0.1%

Value ($000) $15,420 Shares 1,500,000 Est. Cost $10.17 Unrealized +1.4%

NPACW NEW PROVIDENCE ACQ A CW28 0.0%

Value ($000) $247 Shares 470,081 Est. Cost $0.54 Unrealized —

WTG WINTERGREEN ACQUISITION CORP 0.0%

Value ($000) $4,068 Shares 400,000 Est. Cost $10.05 Unrealized +0.8%

RANGR RANGE CAPITAL ACQUISITION CO 0.0%

Value ($000) $613 Shares 1,487,022 Est. Cost $0.21 Unrealized —

PELI PELICAN ACQUISITION CORP 0.0%

Value ($000) $3,763 Shares 370,000 Est. Cost $9.99 Unrealized +1.4%

RANG RANGE CAPITAL ACQUISITION CO 0.0%

Value ($000) $5,275 Shares 500,000 Est. Cost $9.99 Unrealized +4.9%

CCIXW CHURCHILL CAPITAL CORP I 29 0.0%

Value ($000) $925 Shares 1,121,356 Est. Cost $0.90 Unrealized —

ZOOZW ZOOZ STRATEGY LTD 29 0.0%

Value ($000) $9 Shares 254,999 Est. Cost $0.03 Unrealized —

KCHVR KOCHAV DEFENSE ACQUISITION R 0.0%

Value ($000) $375 Shares 1,500,000 Est. Cost $0.23 Unrealized —

SLND/WS SOUTHLAND HLDGS INC W EXP 02/14/202 0.0%

Value ($000) $38 Shares 399,999 Est. Cost $0.79 Unrealized —

FTW/WS EQV VENTURES ACQUISITION 0.0%

Value ($000) $538 Shares 1,055,000 Est. Cost $0.35 Unrealized —

FACT FACT II ACQUISITION CORP 0.0%

Value ($000) $3,126 Shares 300,000 Est. Cost $9.96 Unrealized +4.0%

HYAC HAYMAKER ACQUISITION CORP 4 0.1%

Value ($000) $10,242 Shares 900,000 Est. Cost $10.24 Unrealized +10.6%

RTAC RENATUS TACTICAL ACQUISITI A 0.0%

Value ($000) $1,601 Shares 150,000 Est. Cost $11.48 Unrealized -5.0%

GSHR GESHER ACQUISITION CORP II A 0.0%

Value ($000) $5,120 Shares 500,000 Est. Cost $10.05 Unrealized +1.9%

SOCAW SOLARIUS CAPITAL ACQUI 30 0.0%

Value ($000) $135 Shares 450,000 Est. Cost $0.22 Unrealized —

— JD COM INC 0.25 06/01/2029 0.0%

Value ($000) $458 Shares 456,000 Est. Cost $1.04 Unrealized —

ABVEW ABOVE FOOD INGREDIENTS 29 0.0%

Value ($000) $130 Shares 366,193 Est. Cost $0.02 Unrealized —

VSEEW VSEE HEALTH INC CW23 0.0%

Value ($000) $43 Shares 500,000 Est. Cost $0.21 Unrealized —

EVAC/WS EQV VENTURES ACQUISITION COR 0.0%

Value ($000) $114 Shares 341,664 Est. Cost $0.24 Unrealized —

SPKLW SPARK I ACQUISITION CORP 28 0.0%

Value ($000) $48 Shares 150,000 Est. Cost $0.14 Unrealized —

ALDFW ALDEL FINANCIAL II INC 29 0.0%

Value ($000) $228 Shares 475,000 Est. Cost $0.32 Unrealized —

TALKW TALKSPACE INC CW25 0.0%

Value ($000) $16 Shares 1,071,902 Est. Cost $1.35 Unrealized —

BCAR D BORAL ARC ACQUISIT CL A 0.0%

Value ($000) $2,758 Shares 275,000 Est. Cost $9.91 Unrealized +1.2%

FERA FIFTH ERA ACQUISITION CORP A 0.0%

Value ($000) $5,125 Shares 500,000 Est. Cost $10.05 Unrealized +2.8%

SOUL SOULPOWER ACQUISITION CO A 0.0%

Value ($000) $5,075 Shares 500,000 Est. Cost $9.97 Unrealized +1.8%

KFIIR K&F GROWTH ACQUISITION CORP 0.0%

Value ($000) $288 Shares 1,850,000 Est. Cost $0.14 Unrealized —

LIMNW LIMINATUS PHARMA INC CL A 28 0.0%

Value ($000) $11 Shares 268,199 Est. Cost $0.21 Unrealized —

ONCHW 1RT ACQUISITION CORP A 31 0.0%

Value ($000) $88 Shares 127,524 Est. Cost $0.91 Unrealized —

PSQH/WS PSQ HOLDINGS INC W EXP 07/19/202 0.0%

Value ($000) $27 Shares 275,024 Est. Cost $1.35 Unrealized —

DMAAR DRUGS MADE IN AMERICA AC RTS 0.0%

Value ($000) $148 Shares 850,000 Est. Cost $0.21 Unrealized —

INAC INDIGO ACQUISITION CORP 0.0%

Value ($000) $2,268 Shares 225,000 Est. Cost $9.96 Unrealized +0.7%

RTACW RENATUS TACTICAL ACQU 30 0.0%

Value ($000) $63 Shares 75,000 Est. Cost $2.02 Unrealized —

BCARW D BORAL ARC ACQUISITION 30 0.0%

Value ($000) $50 Shares 137,499 Est. Cost $0.19 Unrealized —

SZZL SIZZLE ACQUISITION CORP CL A 0.0%

Value ($000) $6,096 Shares 600,000 Est. Cost $9.98 Unrealized +1.7%

PAII/WS PYROPHYTE ACQUISITION CORP I 0.0%

Value ($000) $190 Shares 475,584 Est. Cost $0.35 Unrealized —

CCIIW COHEN CIRCLE ACQ II 30 0.0%

Value ($000) $212 Shares 294,852 Est. Cost $0.80 Unrealized —

HVIIR HENNESSY CAPITAL INVESTMENT 0.0%

Value ($000) $397 Shares 1,443,732 Est. Cost $0.21 Unrealized —

ALCYW ALCHEMY INVESTMENTS ACQUI 28 0.0%

Value ($000) $58 Shares 249,999 Est. Cost $0.18 Unrealized —

TAVI TAVIA ACQUISITION CORP 0.0%

Value ($000) $2,610 Shares 250,000 Est. Cost $9.99 Unrealized +4.2%

NHICW NEWHOLD INVESTMENT CORP 30 0.0%

Value ($000) $142 Shares 337,499 Est. Cost $0.49 Unrealized —

RAAQ REAL ASSET ACQUISITI CLASS A 0.0%

Value ($000) $3,060 Shares 300,000 Est. Cost $10.15 Unrealized +1.4%

QSEA QUARTZSEA ACQUISITION CORP 0.0%

Value ($000) $1,794 Shares 175,000 Est. Cost $10.02 Unrealized +1.7%

CEPO CANTOR EQUITY PARTNERS I A 0.0%

Value ($000) $4,525 Shares 434,241 Est. Cost $10.11 Unrealized +3.4%

LWACW LIGHTWAVE ACQUISITION CORP 0.0%

Value ($000) $81 Shares 350,000 Est. Cost $0.18 Unrealized —

VNMEW VENDOME ACQUISITION CORP I 0.0%

Value ($000) $65 Shares 237,499 Est. Cost $0.20 Unrealized —

CHPG CHAMPIONSGATE ACQUISITIO A 0.0%

Value ($000) $2,034 Shares 200,000 Est. Cost $10.00 Unrealized +1.5%

GCLWW GCL GLOBAL HOLDINGS A CW26 0.0%

Value ($000) $10 Shares 375,000 Est. Cost $0.06 Unrealized —

GSHRW GESHER ACQUISITION CORP I 30 0.0%

Value ($000) $103 Shares 249,999 Est. Cost $0.28 Unrealized —

SVCCW STELLAR V CAPITAL CORP CL 29 0.0%

Value ($000) $109 Shares 350,000 Est. Cost $0.36 Unrealized —

KOYN CSLM DIGITAL ASSET ACQU A 0.0%

Value ($000) $5,970 Shares 600,000 Est. Cost $9.93 Unrealized +0.3%

NIOBW NIOCORP DEVELOPMENTS LTD 28 0.0%

Value ($000) $366 Shares 194,210 Est. Cost $0.69 Unrealized —

OYSER OYSTER ENTERPRISES II ACQUIS 0.0%

Value ($000) $190 Shares 1,000,000 Est. Cost $0.18 Unrealized —

LMND/WS LEMONADE INC 28 0.0%

Value ($000) $8 Shares 324,359 Est. Cost $0.03 Unrealized —

FACTW FACT II ACQUISITION CORP 29 0.0%

Value ($000) $58 Shares 149,999 Est. Cost $0.21 Unrealized —

JACS-R JACKSON ACQUISITION CO II 0.0%

Value ($000) $351 Shares 1,300,000 Est. Cost $0.25 Unrealized —

CELUW CELULARITY INC CW26 0.0%

Value ($000) $9 Shares 550,119 Est. Cost $1.14 Unrealized —

JENA-R JENA ACQUISITION CORP II RTS 0.0%

Value ($000) $148 Shares 800,000 Est. Cost $0.20 Unrealized —

XBPEW XBP GLOBAL HOLDINGS INC W EXP 11/30/202 0.0%

Value ($000) $29 Shares 1,040,133 Est. Cost $0.05 Unrealized —

CDROW CODERE ONLINE LUXEMBOU CW 0.0%

Value ($000) $116 Shares 144,407 Est. Cost $0.94 Unrealized —

TDACW TRANSLATIONAL DEV A CW26 0.0%

Value ($000) $85 Shares 299,999 Est. Cost $0.26 Unrealized —

PACHW PIONEER ACQUISITION I CORP 0.0%

Value ($000) $90 Shares 375,001 Est. Cost $0.21 Unrealized —

RAAQW REAL ASSET AQC Corp 30 0.0%

Value ($000) $75 Shares 150,000 Est. Cost $0.46 Unrealized —

FIGX FIGX CAPITAL ACQUISITION C A 0.0%

Value ($000) $1,509 Shares 150,000 Est. Cost $10.00 Unrealized +0.6%

LEGT/WS LEGATO MERGER CORP III 29 0.0%

Value ($000) $95 Shares 224,999 Est. Cost $0.19 Unrealized —

TVGNW TEVOGEN BIO HLDGS INC CW26 0.0%

Value ($000) $25 Shares 649,999 Est. Cost $0.08 Unrealized —

SDHIR SIDDHI ACQUISITION CORP 0.0%

Value ($000) $430 Shares 2,000,000 Est. Cost $0.23 Unrealized —

TGE/WS GENERATION ESSENTIALS 30 0.0%

Value ($000) $52 Shares 301,207 Est. Cost $0.47 Unrealized —

DRDBW ROMAN DBDR ACQUISITION 30 0.0%

Value ($000) $92 Shares 150,000 Est. Cost $0.36 Unrealized —

TVAIR THAYER VENTURES ACQUISITION 0.0%

Value ($000) $315 Shares 1,750,000 Est. Cost $0.17 Unrealized —

SOUL-R SOULPOWER ACQUISITION CORP 0.0%

Value ($000) $333 Shares 1,754,801 Est. Cost $0.21 Unrealized —

SPKL SPARK I ACQUISITION CORP 0.0%

Value ($000) $282 Shares 25,000 Est. Cost $10.44 Unrealized +9.0%

INACR INDIGO ACQUISITION CORP 0.0%

Value ($000) $54 Shares 375,000 Est. Cost $0.17 Unrealized —

QSEAR QUARTZSEA ACQUISITION CORP 0.0%

Value ($000) $39 Shares 175,000 Est. Cost $0.30 Unrealized —

NTWOW NEWBURY STREET II ACQ 29 0.0%

Value ($000) $139 Shares 525,000 Est. Cost $0.21 Unrealized —

FERAR FIFTH ERA ACQUISITION CORP I 0.0%

Value ($000) $165 Shares 500,000 Est. Cost $0.27 Unrealized —

ASBPW ASPIRE BIOPHARMA HOLDIN CW27 0.0%

Value ($000) $18 Shares 899,999 Est. Cost $0.07 Unrealized —

GTERW GLOBA TERRA ACQUISITION 30 0.0%

Value ($000) $82 Shares 570,637 Est. Cost $0.13 Unrealized —

BDMDW BAIRD MEDICAL INVESTMENT 28 0.0%

Value ($000) $24 Shares 435,179 Est. Cost $0.18 Unrealized —

NVNIW NVNI GROUP LTD 28 0.0%

Value ($000) $16 Shares 249,999 Est. Cost $0.04 Unrealized —

DAAQ DIGITAL ASSET ACQUISITI CL A 0.0%

Value ($000) $3,181 Shares 311,840 Est. Cost $10.57 Unrealized -3.0%

CAPTW CAPTIVISION INC 28 0.0%

Value ($000) $3 Shares 249,999 Est. Cost $0.08 Unrealized —

ABPWW ABPRO HLDGS INC CW23 0.0%

Value ($000) $9 Shares 499,999 Est. Cost $0.06 Unrealized —

PELIR PELICAN ACQUISITION CORP RTS 0.0%

Value ($000) $168 Shares 670,000 Est. Cost $0.18 Unrealized —

CHPGR CHAMPIONSGATE ACQUISITION CO 0.0%

Value ($000) $34 Shares 200,000 Est. Cost $0.11 Unrealized —

LANV/WS LANVIN GROUP HOLDINGS LTD 27 0.0%

Value ($000) $18 Shares 1,138,687 Est. Cost $0.31 Unrealized —

OACCW OAKTREE ACQUISITION III 31 0.0%

Value ($000) $99 Shares 120,000 Est. Cost $0.71 Unrealized —

SCAGW SCAGE FUTURE 30 0.0%

Value ($000) $20 Shares 318,749 Est. Cost $0.09 Unrealized —

BNZIW BANZAI INTERNATIONAL INC CW26 0.0%

Value ($000) $5 Shares 335,465 Est. Cost $0.04 Unrealized —

AIRJW AIRJOULE TECHNOLOGIES CORP CW24 0.0%

Value ($000) $72 Shares 79,845 Est. Cost $0.56 Unrealized —

SLXNW SILEXION THERAPEUTICS CORP W EXP 08/15/202 0.0%

Value ($000) $9 Shares 337,500 Est. Cost $0.05 Unrealized —

ICUCW SEASTAR MEDICAL HOLDING CORP CW26 0.0%

Value ($000) $2 Shares 218,073 Est. Cost $0.08 Unrealized —

GTERR GLOBA TERRA ACQUISITION RTS 0.0%

Value ($000) $114 Shares 760,850 Est. Cost $0.14 Unrealized —

TACHW Titan Acquisition Corp 30 0.0%

Value ($000) $192 Shares 600,000 Est. Cost $0.39 Unrealized —

PLMKW PLUM ACQUISITION CORP IV 30 0.0%

Value ($000) $105 Shares 350,000 Est. Cost $0.17 Unrealized —

GPATW GP ACT III ACQ CL A CW27 0.0%

Value ($000) $92 Shares 360,400 Est. Cost $0.14 Unrealized —

WTGUR WINTERGREEN ACQUISITION RT 0.0%

Value ($000) $56 Shares 400,000 Est. Cost $0.15 Unrealized —

LPBBW LAUNCH TWO ACQUISITION 29 0.0%

Value ($000) $179 Shares 499,000 Est. Cost $0.23 Unrealized —

FIGXW FIGX CAPITAL ACQUISITION COR 0.0%

Value ($000) $20 Shares 75,001 Est. Cost $0.23 Unrealized —

KYIVW KYIVSTAR GROUP LTD 30 0.0%

Value ($000) $290 Shares 73,315 Est. Cost $3.91 Unrealized —

ESHAR ESH ACQUISITION CORP RIGHT 0.0%

Value ($000) $23 Shares 100,000 Est. Cost $0.26 Unrealized —

RAC/WS RITHM ACQUISITION CORP 30 0.0%

Value ($000) $235 Shares 366,666 Est. Cost $0.47 Unrealized —

GTENW GORES HOLDINGS X INC 31 0.0%

Value ($000) $250 Shares 306,249 Est. Cost $0.60 Unrealized —

REVBW REVELATION BIOSC CW27 0.0%

Value ($000) $2 Shares 338,110 Est. Cost $0.08 Unrealized —

TAVIR TAVIA ACQUISITION CORP 0.0%

Value ($000) $53 Shares 250,000 Est. Cost $0.15 Unrealized —

HPAIW HELPORT AI LTD 29 0.0%

Value ($000) $22 Shares 133,265 Est. Cost $0.11 Unrealized —

— DISTOKEN ACQUISITION CORP W EXP 11/30/202 0.0%

Value ($000) $0 Shares 74,135 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PELOTON INTERACTIVE INC 5.5 12/01/2029	137,643,000	$229,099	1.4%	$1.89	—	SDBCV	70614WAD2
—	STRATEGY INC NOTE 2.250 6/1	96,649,000	$107,325	0.7%	$2.15	—	SDBCV	594972AN1
—	BRIDGEBIO PHARMA INC 2.5 03/15/2027	78,430,000	$148,025	0.9%	$1.06	—	SDBCV	10806XAB8
—	EVOLENT HEALTH INC 3.5 12/01/2029	114,600,000	$77,449	0.5%	$0.85	—	SDBCV	30050BAH4
—	GUARDANT HEALTH INC 0 11/15/2027	96,940,000	$104,139	0.6%	$0.89	—	SDBCV	40131MAB5
—	DYNAVAX TECHNOLOGIES 2 03/15/2030 144A	86,598,000	$90,385	0.6%	$0.96	—	SDBCV	268158AE2
—	BLACKBERRY LTD 3 02/15/2029	41,471,000	$52,319	0.3%	$1.27	—	SDBCV	09228FAM5
—	LIVANOVA PLC 2.5 03/15/2029	102,415,000	$118,736	0.7%	$0.96	—	SDBCV	53802LAB8
—	ENCORE CAPITAL GROUP INC 4 03/15/2029	74,960,000	$82,705	0.5%	$0.95	—	SDBCV	292554AP7
—	NIO INC 3.875 10/15/2029	41,282,000	$38,997	0.2%	$0.87	—	SDBCV	62914VAJ5
—	LYFT INC 0.625 03/01/2029	56,274,000	$67,771	0.4%	$0.97	—	SDBCV	55087PAD6
—	IONIS PHARMACEUTICALS IN 1.75 06/15/2028	19,930,000	$31,697	0.2%	$1.35	—	SDBCV	462222AF7
—	PTC THERAPEUTICS INC 1.5 09/15/2026	19,979,000	$29,733	0.2%	$1.06	—	SDBCV	69366JAD3
—	APPLIED OPTOELECTRONICS 2.75 01/15/2030	24,250,000	$28,051	0.2%	$0.87	—	SDBCV	03823UAE2
—	WINNEBAGO INDUSTRIES 3.25 01/15/2030	88,548,000	$83,297	0.5%	$0.88	—	SDBCV	974637AF7
—	VEECO INSTRUMENTS INC 2.875 06/01/2029	82,575,000	$102,611	0.6%	$1.58	—	SDBCV	922417AJ9
—	INNOVIVA INC 2.125 03/15/2028	67,396,000	$68,789	0.4%	$0.80	—	SDBCV	45781MAD3
—	VERTEX INC 0.75 05/01/2029 144A	28,700,000	$27,231	0.2%	$1.02	—	SDBCV	92538JAB2
—	VISHAY INTERTECHNOLOGY 2.25 09/15/2030	208,038,000	$187,507	1.2%	$0.90	—	SDBCV	928298AR9
—	SPECTRUM BRANDS INC 3.375 06/01/2029	93,200,000	$88,351	0.5%	$0.91	—	SDBCV	84762LAZ8
—	IMPINJ INC 1.125 05/15/2027	28,262,000	$46,078	0.3%	$1.29	—	SDBCV	453204AD1
—	AMPHASTAR PHARMACEUTICAL 2 03/15/2029	93,574,000	$86,580	0.5%	$0.98	—	SDBCV	03209RAB9
—	EVOLENT HEALTH INC 4.5 08/15/2031 144A	4,500,000	$3,177	0.0%	$1.00	—	SDBCV	30050BAJ0
—	PROGRESS SOFTWARE CORP 3.5 03/01/2030	151,347,000	$153,382	0.9%	$1.04	—	SDBCV	743312AD2
—	ALPHATEC HOLDINGS INC 0.75 08/01/2026	6,314,000	$7,885	0.0%	$0.95	—	SDBCV	02081GAB8
—	ENVISTA HOLDINGS CORP 1.75 08/15/2028	75,854,000	$72,922	0.4%	$0.91	—	SDBCV	29415FAD6
—	ARRAY TECHNOLOGIES INC 1 12/01/2028	28,170,000	$25,541	0.2%	$0.76	—	SDBCV	04271TAB6
—	HALOZYME THERAPEUTICS IN 1 08/15/2028	12,993,000	$17,262	0.1%	$1.41	—	SDBCV	40637HAF6
—	ENPHASE ENERGY INC 0 03/01/2028	121,632,000	$106,295	0.7%	$0.86	—	SDBCV	29355AAK3
KDKRW	KODIAK AI INC W EXP 09/25/203	1,755,761	$2,669	0.0%	$1.06	—	RT	500081112
—	MARRIOTT VACATION WORLDW 3.25 12/15/2027	158,451,000	$150,959	0.9%	$0.89	—	SDBCV	57164YAF4
—	ENOVIS CORP 3.875 10/15/2028	101,748,000	$99,690	0.6%	$1.05	—	SDBCV	194014AB2
—	CONMED CORP 2.25 06/15/2027	139,175,000	$133,443	0.8%	$0.99	—	SDBCV	207410AH4
—	XOMETRY INC 1 02/01/2027	12,486,000	$15,729	0.1%	$0.97	—	SDBCV	98423FAB5
CHACR	CRANE HARBOR ACQUISITION RTS	1,400,000	$1,129	0.0%	$0.27	—	RT	G24979117
—	ZIFF DAVIS INC 3.625 03/01/2028 144A	45,586,000	$44,679	0.3%	$0.96	—	SDBCV	48123VAH5
HYAC/WS	HAYMAKER ACQUISITION CORP 28	450,001	$700	0.0%	$0.17	—	RT	G4375F116
—	OPKO HEALTH INC 3.75 01/15/2029	2,235,000	$2,958	0.0%	$1.42	—	SDBCV	68375NAG8
AEXA	AMERICAN EXCEPTIONALISM CL A	850,000	$9,682	0.1%	$10.77	+4.2%	COM	G0273J101
—	MIRUM PHARMACEUTICALS 4 05/01/2029	2,000,000	$5,171	0.0%	$2.41	—	SDBCV	604749AB7
FLDDW	FOLD HOLDINGS INC 23	1,000,000	$164	0.0%	$0.72	—	RT	29103K118
CNCK	COINCHECK GROUP NV	157,170	$396	0.0%	$10.67	-63.1%	COM	N20967118
BACQR	INFLECTION POINT ACQUISITION	2,275,000	$1,723	0.0%	$0.21	—	RT	G1169T138
FTW	EQV VENTURES ACQUISITION C A	3,009,198	$31,566	0.2%	$9.93	+5.2%	COM	G3106N109
GRAF	GRAF GLOBAL CORP CL A	1,500,000	$16,133	0.1%	$10.04	+6.2%	COM	G4036C106
BLUW	BLUE WATER ACQUISITION C A	900,000	$9,288	0.1%	$9.97	+1.6%	COM	G1368E106
—	UPWORK INC 0.25 08/15/2026	35,244,000	$34,414	0.2%	$0.86	—	SDBCV	91688FAB0
—	PAR TECHNOLOGY CORP 1.5 10/15/2027	23,220,000	$22,719	0.1%	$1.04	—	SDBCV	698884AE3
LOKVW	LIVE OAK ACQUISITION CO CW29	549,999	$542	0.0%	$0.68	—	RT	G5509P110
CEPT	CANTOR EQUITY PARTNERS CL A	398,700	$4,489	0.0%	$11.29	-0.1%	COM	G1827P106
BACQ	INFLECTION POINT ACQUISITION	750,000	$8,040	0.0%	$9.95	+9.3%	COM	G1169T104
SBXD	SILVERBOX CORP IV A	2,000,000	$21,160	0.1%	$10.04	+4.9%	COM	G81354105
BACCR	BLUE ACQUISITION CORP RTS	1,425,000	$428	0.0%	$0.15	—	RT	G1331A116
TACOW	BERTO ACQUISITION CORP 30	744,699	$298	0.0%	$0.69	—	RT	G1051H119
BEAG	BOLD EAGLE ACQUISITION COR A	1,150,000	$12,167	0.1%	$10.10	+5.4%	COM	G2003N105
BLUWW	BLUE WATER ACQUISITION CW26	450,000	$264	0.0%	$0.15	—	RT	G1368E114
EGHA	EGH ACQUISITION CO A	1,500,000	$15,210	0.1%	$10.02	+0.9%	COM	G2946P100
ALVOW	ALVOTECH SA 27	252,884	$180	0.0%	$0.67	—	RT	L01800116
TVACW	TEXAS VENTURES ACQ 31	750,000	$656	0.0%	$0.26	—	RT	G8772L113
CGCT	CARTESIAN GROWTH CORP I CL A	750,000	$7,718	0.0%	$10.01	+1.3%	COM	G19307100
APAD	A PARADISE ACQUISITION A	1,200,000	$12,060	0.1%	$9.89	+1.1%	COM	G04819101
CCIX	CHURCHILL CAPITAL CORP IX	1,150,000	$12,225	0.1%	$10.63	+0.1%	COM	G21301109
AACB	ARTIUS II ACQUISITION INC A	1,000,000	$10,300	0.1%	$10.02	+2.3%	COM	G0509J115
TACH	TITAN ACQUISITION CORP CL A	1,200,000	$12,312	0.1%	$10.05	+1.7%	COM	G8901A103
—	INOTIV INC 3.25 10/15/2027	31,725,000	$7,494	0.0%	$0.41	—	SDBCV	45783QAB6
XRPN	ARMADA ACQUISITION CLASS A	800,000	$8,192	0.1%	$10.04	+2.3%	COM	G0R38G104
WLAC	WILLOW LANE ACQUISITION CL A	150,000	$1,896	0.0%	$9.96	+23.5%	COM	G9675P102
RAC	RITHM ACQUISITION CORP A	1,100,000	$11,429	0.1%	$10.06	+2.9%	COM	G75751100
KCHV	KOCHAV DEFENSE ACQUISITION A	1,400,000	$14,196	0.1%	$10.02	+0.9%	COM	G5304D106
KFII	K&F GROWTH ACQUISITION COR A	1,250,000	$12,925	0.1%	$9.94	+3.5%	COM	G52258111
CNCKW	COINCHECK GROUP NV W EXP 12/11/202	456,286	$157	0.0%	$1.92	—	RT	N20967100
TVAI	THAYER VENTURES ACQUIS CL A	1,750,000	$17,710	0.1%	$10.02	+0.7%	COM	G87890102
PMTRW	PERIMETER ACQUIS CORP I 30	850,000	$655	0.0%	$0.69	—	RT	G7010A111
AACBR	ARTIUS II ACQUISITION INC	1,375,000	$454	0.0%	$0.25	—	RT	G0509J123
—	PAR TECHNOLOGY CORP 2.875 04/15/2026	4,450,000	$4,538	0.0%	$1.49	—	SDBCV	698884AC7
DAAQW	DIGITAL ASSET ACQUISITION 30	518,875	$218	0.0%	$0.85	—	RT	G2868C111
PCAP	PROCAP ACQUISITION CORP A	950,000	$9,624	0.1%	$10.31	-0.6%	COM	G7257A105
LOKV	LIVE OAK ACQUISITION CORP A	1,100,000	$11,330	0.1%	$10.26	+0.1%	COM	G5509P102
ALF	CENTURION ACQUISITION CORP	1,000,000	$10,680	0.1%	$10.42	+1.8%	COM	G20315100
ONCH	1RT ACQUISITION CORP A	510,100	$5,203	0.0%	$10.28	+0.2%	COM	G6757R105
AISPW	AIRSHIP AI HOLDINGS INC CW28	162,704	$147	0.0%	$0.05	—	RT	008940116
CRAQ	CAL REDWOOD ACQUISIT CL A	700,000	$7,126	0.0%	$9.99	+1.0%	COM	G17564108
CCII	COHEN CIRCLE ACQUISIT II A	1,394,511	$14,280	0.1%	$10.11	+1.5%	COM	G2254C121
WENNW	WEN ACQUISITION CORP A 31	511,206	$169	0.0%	$0.57	—	RT	G9R39C111
ATII	ARCHIMEDES TECH SPAC PARTNER	1,000,000	$10,360	0.1%	$10.08	+2.6%	COM	G04537109
NHIC	NEWHOLD INVESTMENT CORP II A	675,000	$6,993	0.0%	$10.06	+2.5%	COM	G6486E102
PACH	PIONEER ACQUISITION I CL A	1,000,000	$10,060	0.1%	$9.95	+1.2%	COM	G7117W107
—	APELLIS PHARMACEUTICALS 3.5 09/15/2026	28,138,000	$29,056	0.2%	$1.71	—	SDBCV	03753UAB2
PAII	PYROPHYTE ACQUISITION CORP A	1,150,000	$11,569	0.1%	$9.94	+1.3%	COM	G7309T102
RDAG	REPUBLIC DIGITAL ACQUIS CL A	1,325,023	$13,416	0.1%	$10.33	-0.8%	COM	G7515A103
GRAF/WS	GRAF GLOBAL CORP 29	750,000	$364	0.0%	$0.14	—	RT	G4036C122
NPAC	NEW PROVIDENCE ACQUISITION A	1,200,000	$12,312	0.1%	$10.35	-0.9%	COM	G6476A102
MCGA	YORKVILLE ACQUISITION CORP A	200,000	$2,026	0.0%	$10.72	-3.9%	COM	G98659116
PCAPW	PROCAP ACQ CORP A 30	316,666	$111	0.0%	$0.68	—	RT	G7257A121
SPEG	SILVER PEGASUS ACQUISITION A	850,000	$8,577	0.1%	$9.96	+0.9%	COM	G8192J102
ETHM	DYNAMIX CORP	819,611	$8,434	0.1%	$9.80	+5.8%	COM	G2949D104
OACC	OAKTREE ACQUISITION CORP I A	600,000	$6,378	0.0%	$10.04	+5.4%	COM	G6717R104
NTWO	NEWBURY STREET II AC CLASS A	900,000	$9,414	0.1%	$9.99	+4.0%	COM	G6439S109
IPCX	INFLECTION POINT ACQUISITION	1,865,000	$18,911	0.1%	$10.20	-0.5%	COM	G47875102
JENA	JENA ACQUISITION CORP II A	1,550,000	$15,826	0.1%	$10.14	+0.6%	COM	G5093B105
IPCXR	INFLECTION POINT ACQUISITION	1,690,000	$642	0.0%	$0.40	—	RT	G47875110
SDHI	SIDDHI ACQUISITION CORP A	800,000	$8,216	0.1%	$10.11	+1.2%	COM	G8118C124
GTERA	GLOBA TERRA ACQUISITION CO A	760,850	$7,685	0.0%	$9.96	+0.8%	COM	G3933N116
CEPF	CANTOR EQUITY PARTNERS CL A	1,000,000	$10,280	0.1%	$10.15	+2.4%	COM	G1828E100
MRNOW	MURANO GLOBAL BV 28	749,999	$20	0.0%	$0.12	—	RT	G63369113
MLACR	MOUNTAIN LAKE ACQUISITION CO	1,175,000	$306	0.0%	$0.17	—	RT	G6301B127
—	PENGUIN SOLUTIONS INC 2.25 02/15/2026	250,000	$258	0.0%	$1.36	—	SDBCV	83205YAB0
GTEN	GORES HOLDINGS X INC CL A	1,225,000	$12,605	0.1%	$10.24	+0.9%	COM	G4002F109
APADR	A PARADISE ACQUISITION CORP	1,200,000	$282	0.0%	$0.17	—	RT	G04819119
TDAC	TRANSLATIONAL DEVELOPMENT AC	600,000	$6,294	0.0%	$10.05	+3.8%	COM	G9008W105
EVAC	EQV VENTURES ACQUISITION C A	1,025,000	$10,281	0.1%	$9.94	+0.7%	COM	G3106Q102
OYSE	OYSTER ENTERPRISES II ACQ A	1,150,000	$11,627	0.1%	$10.01	+0.6%	COM	G6861F104
GPAT	GP ACT III ACQUISITION A	797,584	$8,534	0.1%	$10.57	+0.8%	COM	G4035N103
PLMK	PLUM ACQUISITION CORP IV	700,000	$7,301	0.0%	$10.01	+4.0%	COM	G7134A104
LWAC	LIGHTWAVE ACQUISITION CORP A	950,000	$9,548	0.1%	$9.97	+0.8%	COM	G5490M100
LPBB	LAUNCH TWO ACQUISITION CL A	1,296,800	$13,616	0.1%	$10.12	+3.5%	COM	G5S87A105
HCMAW	HCM III ACQUISITION CORP 30	333,333	$167	0.0%	$0.71	—	RT	G4365E111
SBXD/WS	SILVERBOX CORP IV A 29	666,667	$210	0.0%	$0.23	—	RT	G81354121
RDAGW	REPUBLIC DIGITAL ACQU 30	662,511	$358	0.0%	$0.69	—	RT	G7515A129
ANSCW	AGRICULTURE & NATURAL SOLU W	499,999	$167	0.0%	$0.28	—	RT	G0131Y118
MLAC	MOUNTAIN LAKE ACQUISITION A	875,000	$9,100	0.1%	$10.00	+4.1%	COM	G6301B101
AXINR	AXIOM INTELLIGENCE ACQUISITI	950,000	$214	0.0%	$0.16	—	RT	G0750N112
LEGT	LEGATO MERGER CORP III	450,000	$4,896	0.0%	$10.26	+5.6%	COM	G5451A103
MCGAW	YORKVILLE ACQUISITION 30	83,334	$42	0.0%	$1.25	—	RT	G98659124
VNME	VENDOME ACQUISITION CORP A	475,000	$4,783	0.0%	$9.92	+1.1%	COM	G9580A109
CRAQR	CAL REDWOOD ACQUISITION CORP	846,325	$256	0.0%	$0.27	—	RT	G17564116
DRDB	ROMAN DBDR ACQUISITION CORP	500,000	$5,215	0.0%	$9.96	+4.6%	COM	G7633M104
CAEP	CANTOR EQUITY PARTNERS III A	500,000	$5,100	0.0%	$10.53	-1.5%	COM	G1828A108
OBA	OXLEY BRIDGE ACQUISITIO CL A	500,000	$5,030	0.0%	$9.94	+0.8%	COM	G6858G107
BEAGR	BOLD EAGLE ACQUISITION CORP	800,000	$268	0.0%	$0.25	—	RT	G2003N121
TVA	TEXAS VENTURES ACQUISITION A	1,000,000	$10,650	0.1%	$10.04	+8.1%	COM	G8772L105
AXIN	AXIOM INTELLIGENCE CL A	650,000	$6,546	0.0%	$9.97	+0.8%	COM	G0750N104
ALDF	ALDEL FINANCIAL II INC	950,000	$9,985	0.1%	$10.01	+4.8%	COM	G01558108
SOCA	SOLARIUS CAPITAL ACQUIS CL A	600,000	$6,030	0.0%	$9.98	+1.0%	COM	G82617104
CRGOW	FREIGHTOS LTD CW28	487,500	$73	0.0%	$0.20	—	RT	G51405119
VCIC	VINE HILL CAPITAL CLASS A	888,000	$9,564	0.1%	$10.29	+6.4%	COM	G93Y09107
EGHAR	EGH ACQUISITION CORP RTS	1,417,000	$368	0.0%	$0.22	—	RT	G2946P118
RDZNW	ROADZEN INC W EXP 11/30/202	249,999	$69	0.0%	$0.04	—	RT	G7606H116
—	GLADSTONE CAPITAL CORP 5.875 10/01/2030	8,500,000	$8,301	0.1%	$0.98	—	SDBCV	376535AG5
PGACR	PANTAGES CAPITAL ACQUIS RT	1,500,000	$345	0.0%	$0.23	—	RT	G8089R118
VCICW	VINE HILL CAPITAL CLASS A 2	224,999	$405	0.0%	$0.35	—	RT	G93Y09115
XRPNW	Armada Acquisition Corp A	681,000	$596	0.0%	$0.28	—	RT	G0R38G112
SZZLR	SIZZLE ACQUISITION CORP RTS	2,414,026	$362	0.0%	$0.19	—	RT	G8193F133
JACS	JACKSON ACQUISITION CO CL A	1,150,000	$11,983	0.1%	$10.12	+2.9%	COM	G4992A110
SVCC	STELLAR V CAPITAL CORP CL A	700,000	$7,256	0.0%	$9.98	+3.9%	COM	G8475V103
PMTR	PERIMETER ACQUIS CORP I CL A	1,500,000	$15,420	0.1%	$10.17	+1.4%	COM	G7010A129
NPACW	NEW PROVIDENCE ACQ A CW28	470,081	$247	0.0%	$0.54	—	RT	G6476A110
WTG	WINTERGREEN ACQUISITION CORP	400,000	$4,068	0.0%	$10.05	+0.8%	COM	G9717M109
RANGR	RANGE CAPITAL ACQUISITION CO	1,487,022	$613	0.0%	$0.21	—	RT	G7375C116
PELI	PELICAN ACQUISITION CORP	370,000	$3,763	0.0%	$9.99	+1.4%	COM	G6993G103
RANG	RANGE CAPITAL ACQUISITION CO	500,000	$5,275	0.0%	$9.99	+4.9%	COM	G7375C108
CCIXW	CHURCHILL CAPITAL CORP I 29	1,121,356	$925	0.0%	$0.90	—	RT	G21301117
ZOOZW	ZOOZ STRATEGY LTD 29	254,999	$9	0.0%	$0.03	—	RT	M2573A197
KCHVR	KOCHAV DEFENSE ACQUISITION R	1,500,000	$375	0.0%	$0.23	—	RT	G5304D114
SLND/WS	SOUTHLAND HLDGS INC W EXP 02/14/202	399,999	$38	0.0%	$0.79	—	RT	84445C118
FTW/WS	EQV VENTURES ACQUISITION	1,055,000	$538	0.0%	$0.35	—	RT	G3106N117
FACT	FACT II ACQUISITION CORP	300,000	$3,126	0.0%	$9.96	+4.0%	COM	G32901103
HYAC	HAYMAKER ACQUISITION CORP 4	900,000	$10,242	0.1%	$10.24	+10.6%	COM	G4375F108
RTAC	RENATUS TACTICAL ACQUISITI A	150,000	$1,601	0.0%	$11.48	-5.0%	COM	G7490F101
GSHR	GESHER ACQUISITION CORP II A	500,000	$5,120	0.0%	$10.05	+1.9%	COM	G3852D107
SOCAW	SOLARIUS CAPITAL ACQUI 30	450,000	$135	0.0%	$0.22	—	RT	G82617112
—	JD COM INC 0.25 06/01/2029	456,000	$458	0.0%	$1.04	—	SDBCV	47215PAJ5
ABVEW	ABOVE FOOD INGREDIENTS 29	366,193	$130	0.0%	$0.02	—	RT	00373V118
VSEEW	VSEE HEALTH INC CW23	500,000	$43	0.0%	$0.21	—	RT	92919Y110
EVAC/WS	EQV VENTURES ACQUISITION COR	341,664	$114	0.0%	$0.24	—	RT	G3106Q128
SPKLW	SPARK I ACQUISITION CORP 28	150,000	$48	0.0%	$0.14	—	RT	G8316B118
ALDFW	ALDEL FINANCIAL II INC 29	475,000	$228	0.0%	$0.32	—	RT	G01558124
TALKW	TALKSPACE INC CW25	1,071,902	$16	0.0%	$1.35	—	RT	87427V111
BCAR	D BORAL ARC ACQUISIT CL A	275,000	$2,758	0.0%	$9.91	+1.2%	COM	G2616F101
FERA	FIFTH ERA ACQUISITION CORP A	500,000	$5,125	0.0%	$10.05	+2.8%	COM	G3415K101
SOUL	SOULPOWER ACQUISITION CO A	500,000	$5,075	0.0%	$9.97	+1.8%	COM	G82745103
KFIIR	K&F GROWTH ACQUISITION CORP	1,850,000	$288	0.0%	$0.14	—	RT	G52258129
LIMNW	LIMINATUS PHARMA INC CL A 28	268,199	$11	0.0%	$0.21	—	RT	53271X116
ONCHW	1RT ACQUISITION CORP A 31	127,524	$88	0.0%	$0.91	—	RT	G6757R113
PSQH/WS	PSQ HOLDINGS INC W EXP 07/19/202	275,024	$27	0.0%	$1.35	—	RT	693691115
DMAAR	DRUGS MADE IN AMERICA AC RTS	850,000	$148	0.0%	$0.21	—	RT	G2847J112
INAC	INDIGO ACQUISITION CORP	225,000	$2,268	0.0%	$9.96	+0.7%	COM	G4791J106
RTACW	RENATUS TACTICAL ACQU 30	75,000	$63	0.0%	$2.02	—	RT	G7490F127
BCARW	D BORAL ARC ACQUISITION 30	137,499	$50	0.0%	$0.19	—	RT	G2616F119
SZZL	SIZZLE ACQUISITION CORP CL A	600,000	$6,096	0.0%	$9.98	+1.7%	COM	G8193F109
PAII/WS	PYROPHYTE ACQUISITION CORP I	475,584	$190	0.0%	$0.35	—	RT	G7309T110
CCIIW	COHEN CIRCLE ACQ II 30	294,852	$212	0.0%	$0.80	—	RT	G2254C113
HVIIR	HENNESSY CAPITAL INVESTMENT	1,443,732	$397	0.0%	$0.21	—	RT	G4405D115
ALCYW	ALCHEMY INVESTMENTS ACQUI 28	249,999	$58	0.0%	$0.18	—	RT	G0232F133
TAVI	TAVIA ACQUISITION CORP	250,000	$2,610	0.0%	$9.99	+4.2%	COM	G86880104
NHICW	NEWHOLD INVESTMENT CORP 30	337,499	$142	0.0%	$0.49	—	RT	G6486E110
RAAQ	REAL ASSET ACQUISITI CLASS A	300,000	$3,060	0.0%	$10.15	+1.4%	COM	G73944103
QSEA	QUARTZSEA ACQUISITION CORP	175,000	$1,794	0.0%	$10.02	+1.7%	COM	G7314B104
CEPO	CANTOR EQUITY PARTNERS I A	434,241	$4,525	0.0%	$10.11	+3.4%	COM	G1827K107
LWACW	LIGHTWAVE ACQUISITION CORP	350,000	$81	0.0%	$0.18	—	RT	G5490M126
VNMEW	VENDOME ACQUISITION CORP I	237,499	$65	0.0%	$0.20	—	RT	G9580A117
CHPG	CHAMPIONSGATE ACQUISITIO A	200,000	$2,034	0.0%	$10.00	+1.5%	COM	G2124S108
GCLWW	GCL GLOBAL HOLDINGS A CW26	375,000	$10	0.0%	$0.06	—	RT	G3777K111
GSHRW	GESHER ACQUISITION CORP I 30	249,999	$103	0.0%	$0.28	—	RT	G3852D115
SVCCW	STELLAR V CAPITAL CORP CL 29	350,000	$109	0.0%	$0.36	—	RT	G8475V111
KOYN	CSLM DIGITAL ASSET ACQU A	600,000	$5,970	0.0%	$9.93	+0.3%	COM	G2584S101
NIOBW	NIOCORP DEVELOPMENTS LTD 28	194,210	$366	0.0%	$0.69	—	RT	654484153
OYSER	OYSTER ENTERPRISES II ACQUIS	1,000,000	$190	0.0%	$0.18	—	RT	G6861F138
LMND/WS	LEMONADE INC 28	324,359	$8	0.0%	$0.03	—	RT	52567D115
FACTW	FACT II ACQUISITION CORP 29	149,999	$58	0.0%	$0.21	—	RT	G32901129
JACS-R	JACKSON ACQUISITION CO II	1,300,000	$351	0.0%	$0.25	—	RT	G4992A136
CELUW	CELULARITY INC CW26	550,119	$9	0.0%	$1.14	—	RT	151190113
JENA-R	JENA ACQUISITION CORP II RTS	800,000	$148	0.0%	$0.20	—	RT	G5093B113
XBPEW	XBP GLOBAL HOLDINGS INC W EXP 11/30/202	1,040,133	$29	0.0%	$0.05	—	RT	98400V119
CDROW	CODERE ONLINE LUXEMBOU CW	144,407	$116	0.0%	$0.94	—	RT	L18268117
TDACW	TRANSLATIONAL DEV A CW26	299,999	$85	0.0%	$0.26	—	RT	G9008W113
PACHW	PIONEER ACQUISITION I CORP	375,001	$90	0.0%	$0.21	—	RT	G7117W115
RAAQW	REAL ASSET AQC Corp 30	150,000	$75	0.0%	$0.46	—	RT	G73944111
FIGX	FIGX CAPITAL ACQUISITION C A	150,000	$1,509	0.0%	$10.00	+0.6%	COM	G3473K100
LEGT/WS	LEGATO MERGER CORP III 29	224,999	$95	0.0%	$0.19	—	RT	G5451A111
TVGNW	TEVOGEN BIO HLDGS INC CW26	649,999	$25	0.0%	$0.08	—	RT	88165K119
SDHIR	SIDDHI ACQUISITION CORP	2,000,000	$430	0.0%	$0.23	—	RT	G8118C116
TGE/WS	GENERATION ESSENTIALS 30	301,207	$52	0.0%	$0.47	—	RT	G38268119
DRDBW	ROMAN DBDR ACQUISITION 30	150,000	$92	0.0%	$0.36	—	RT	G7633M112
TVAIR	THAYER VENTURES ACQUISITION	1,750,000	$315	0.0%	$0.17	—	RT	G87890110
SOUL-R	SOULPOWER ACQUISITION CORP	1,754,801	$333	0.0%	$0.21	—	RT	G82745137
SPKL	SPARK I ACQUISITION CORP	25,000	$282	0.0%	$10.44	+9.0%	COM	G8316B100
INACR	INDIGO ACQUISITION CORP	375,000	$54	0.0%	$0.17	—	RT	G4791J114
QSEAR	QUARTZSEA ACQUISITION CORP	175,000	$39	0.0%	$0.30	—	RT	G7314B120
NTWOW	NEWBURY STREET II ACQ 29	525,000	$139	0.0%	$0.21	—	RT	G6439S117
FERAR	FIFTH ERA ACQUISITION CORP I	500,000	$165	0.0%	$0.27	—	RT	G3415K135
ASBPW	ASPIRE BIOPHARMA HOLDIN CW27	899,999	$18	0.0%	$0.07	—	RT	738920115
GTERW	GLOBA TERRA ACQUISITION 30	570,637	$82	0.0%	$0.13	—	RT	G3933N124
BDMDW	BAIRD MEDICAL INVESTMENT 28	435,179	$24	0.0%	$0.18	—	RT	G0705H111
NVNIW	NVNI GROUP LTD 28	249,999	$16	0.0%	$0.04	—	RT	G50716110
DAAQ	DIGITAL ASSET ACQUISITI CL A	311,840	$3,181	0.0%	$10.57	-3.0%	COM	G2868C103
CAPTW	CAPTIVISION INC 28	249,999	$3	0.0%	$0.08	—	RT	G18932114
ABPWW	ABPRO HLDGS INC CW23	499,999	$9	0.0%	$0.06	—	RT	000847111
PELIR	PELICAN ACQUISITION CORP RTS	670,000	$168	0.0%	$0.18	—	RT	G6993G111
CHPGR	CHAMPIONSGATE ACQUISITION CO	200,000	$34	0.0%	$0.11	—	RT	G2124S116
LANV/WS	LANVIN GROUP HOLDINGS LTD 27	1,138,687	$18	0.0%	$0.31	—	RT	G5380J118
OACCW	OAKTREE ACQUISITION III 31	120,000	$99	0.0%	$0.71	—	RT	G6717R112
SCAGW	SCAGE FUTURE 30	318,749	$20	0.0%	$0.09	—	RT	G7840J118
BNZIW	BANZAI INTERNATIONAL INC CW26	335,465	$5	0.0%	$0.04	—	RT	06682J118
AIRJW	AIRJOULE TECHNOLOGIES CORP CW24	79,845	$72	0.0%	$0.56	—	RT	612160119
SLXNW	SILEXION THERAPEUTICS CORP W EXP 08/15/202	337,500	$9	0.0%	$0.05	—	RT	G1281K114
ICUCW	SEASTAR MEDICAL HOLDING CORP CW26	218,073	$2	0.0%	$0.08	—	RT	81256L112
GTERR	GLOBA TERRA ACQUISITION RTS	760,850	$114	0.0%	$0.14	—	RT	G3933N132
TACHW	Titan Acquisition Corp 30	600,000	$192	0.0%	$0.39	—	RT	G8901A111
PLMKW	PLUM ACQUISITION CORP IV 30	350,000	$105	0.0%	$0.17	—	RT	G7134A120
GPATW	GP ACT III ACQ CL A CW27	360,400	$92	0.0%	$0.14	—	RT	G4035N129
WTGUR	WINTERGREEN ACQUISITION RT	400,000	$56	0.0%	$0.15	—	RT	G9717M117
LPBBW	LAUNCH TWO ACQUISITION 29	499,000	$179	0.0%	$0.23	—	RT	G5S87A113
FIGXW	FIGX CAPITAL ACQUISITION COR	75,001	$20	0.0%	$0.23	—	RT	G3473K118
KYIVW	KYIVSTAR GROUP LTD 30	73,315	$290	0.0%	$3.91	—	RT	G5331N119
ESHAR	ESH ACQUISITION CORP RIGHT	100,000	$23	0.0%	$0.26	—	RT	296424112
RAC/WS	RITHM ACQUISITION CORP 30	366,666	$235	0.0%	$0.47	—	RT	G75751118
GTENW	GORES HOLDINGS X INC 31	306,249	$250	0.0%	$0.60	—	RT	G4002F125
REVBW	REVELATION BIOSC CW27	338,110	$2	0.0%	$0.08	—	RT	76135L119
TAVIR	TAVIA ACQUISITION CORP	250,000	$53	0.0%	$0.15	—	RT	G86880146
HPAIW	HELPORT AI LTD 29	133,265	$22	0.0%	$0.11	—	RT	G4R52R111
—	DISTOKEN ACQUISITION CORP W EXP 11/30/202	74,135	$0	0.0%	—	—	RT	G9878M112