Arena Capital Advisors, LLC- CA Diversified Active

CIK: 0001833078 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 4, 2026

Total Value ($000): $165,329 (8.7% shares, 91.3% debt)

Holdings (19)

New Positions (3)

JEF JEFFERIES FINL GROUP INC 0.6%

Value ($000) $930 Shares 15,000 Est. Cost $56.69 Unrealized 0.0%

FUN SIX FLAGS ENTERTAINMENT CORP 0.1%

Value ($000) $153 Shares 10,000 Est. Cost $18.08 Unrealized 0.0%

NAMMW NAMIB MINERALS 0.0%

Value ($000) $39 Shares 540,930 Est. Cost $0.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINL GROUP INC	15,000	$930	0.6%	$56.69	0.0%	COM	47233W109
FUN	SIX FLAGS ENTERTAINMENT CORP	10,000	$153	0.1%	$18.08	0.0%	COM	83001C108
NAMMW	NAMIB MINERALS	540,930	$39	0.0%	$0.07	—	*W EXP 06/05/203	G63638111

Increased Positions (6)

— CSG SYS INTL INC 14.6%

Value ($000) $24,219 (+171.9%) Shares 20,425,000 (+155.3%) Est. Cost $1.16 Unrealized —

— HERBALIFE LTD 21.7%

Value ($000) $35,845 (+26.1%) Shares 33,052,000 (+8.4%) Est. Cost $0.94 Unrealized —

— EVOLENT HEALTH INC 12.7%

Value ($000) $21,030 (+20.5%) Shares 29,620,000 (+70.5%) Est. Cost $0.88 Unrealized —

— PG&E CORP 25.4%

Value ($000) $41,925 (+3.9%) Shares 40,700,000 (+2.3%) Est. Cost $1.01 Unrealized —

— SPECTRUM BRANDS INC 1.5%

Value ($000) $2,540 (+25.1%) Shares 2,679,000 (+22.9%) Est. Cost $0.93 Unrealized —

— ALARM COM HLDGS INC 15.4%

Value ($000) $25,390 (+0.8%) Shares 26,600,000 (+1.5%) Est. Cost $0.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CSG SYS INTL INC	20,425,000 (+155.3%)	$24,219 (+171.9%)	14.6%	$1.16	—	NOTE 3.875% 9/1	126349AH2
—	HERBALIFE LTD	33,052,000 (+8.4%)	$35,845 (+26.1%)	21.7%	$0.94	—	NOTE 4.250% 6/1	42703MAF0
—	EVOLENT HEALTH INC	29,620,000 (+70.5%)	$21,030 (+20.5%)	12.7%	$0.88	—	DEBT 4.500% 8/1	30050BAJ0
—	PG&E CORP	40,700,000 (+2.3%)	$41,925 (+3.9%)	25.4%	$1.01	—	NOTE 4.250%12/0	69331CAL2
—	SPECTRUM BRANDS INC	2,679,000 (+22.9%)	$2,540 (+25.1%)	1.5%	$0.93	—	NOTE 3.375% 6/0	84762LAZ8
—	ALARM COM HLDGS INC	26,600,000 (+1.5%)	$25,390 (+0.8%)	15.4%	$0.96	—	NOTE 2.250% 6/0	011642AD7

Exited Positions (9)

— DRAFTKINGS INC NEW 24.9%

Value ($000) $41,156 Shares 45,729,000 Est. Cost $0.90 Unrealized —

DBD DIEBOLD NIXDORF INC 21.1%

Value ($000) $34,874 Shares 611,495 Est. Cost $18.98 Unrealized +229.2%

— PEABODY ENGR CORP 15.3%

Value ($000) $25,339 Shares 16,879,000 Est. Cost $1.50 Unrealized —

— XEROX HOLDINGS CORP 2.6%

Value ($000) $4,370 Shares 9,500,000 Est. Cost $0.46 Unrealized —

GSM FERROGLOBE PLC 0.6%

Value ($000) $910 Shares 200,000 Est. Cost $4.60 Unrealized +0.1%

VSCO VICTORIAS SECRET AND CO 0.3%

Value ($000) $543 Shares 20,000 Est. Cost $29.40 Unrealized +35.1%

NIOBW NIOCORP DEVS LTD 0.1%

Value ($000) $144 Shares 78,035 Est. Cost $0.70 Unrealized —

ALVOW ALVOTECH 0.1%

Value ($000) $92 Shares 60,714 Est. Cost $0.84 Unrealized —

ECXWW ECARX HOLDINGS INC 0.0%

Value ($000) $3 Shares 48,842 Est. Cost $0.10 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DRAFTKINGS INC NEW	45,729,000	$41,156	24.9%	$0.90	—	—	26142RAB0
DBD	DIEBOLD NIXDORF INC	611,495	$34,874	21.1%	$18.98	+229.2%	—	253651202
—	PEABODY ENGR CORP	16,879,000	$25,339	15.3%	$1.50	—	—	704551AD2
—	XEROX HOLDINGS CORP	9,500,000	$4,370	2.6%	$0.46	—	—	98421MAE6
GSM	FERROGLOBE PLC	200,000	$910	0.6%	$4.60	+0.1%	—	G33856108
VSCO	VICTORIAS SECRET AND CO	20,000	$543	0.3%	$29.40	+35.1%	—	926400102
NIOBW	NIOCORP DEVS LTD	78,035	$144	0.1%	$0.70	—	—	654484153
ALVOW	ALVOTECH	60,714	$92	0.1%	$0.84	—	—	L01800116
ECXWW	ECARX HOLDINGS INC	48,842	$3	0.0%	$0.10	—	—	G29201111

Decreased Positions (1)

MOBXW MOBIX LABS INC 0.0%

Value ($000) $17 (-49.2%) Shares 190,616 (-49.2%) Est. Cost $0.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MOBXW	MOBIX LABS INC	190,616 (-49.2%)	$17 (-49.2%)	0.0%	$0.15	—	*W EXP 12/21/202	60743G118

Unchanged Positions (9)

UNIT UNITI GROUP LLC 5.0%

Value ($000) $8,221 Shares 1,172,703 Est. Cost $7.16 Unrealized -11.5%

PL PLANET LABS PBC 1.8%

Value ($000) $3,045 Shares 154,431 Est. Cost $9.47 Unrealized +51.3%

HLF HERBALIFE LTD 0.6%

Value ($000) $914 Shares 70,910 Est. Cost $11.79 Unrealized -10.2%

TBLA TABOOLA.COM LTD 0.1%

Value ($000) $240 Shares 51,973 Est. Cost $4.01 Unrealized -6.0%

VATE INNOVATE CORP 0.3%

Value ($000) $578 Shares 127,934 Est. Cost $5.20 Unrealized -4.5%

PCG PG&E CORP 0.1%

Value ($000) $237 Shares 14,750 Est. Cost $16.16 Unrealized -1.5%

AUROW AURORA INNOVATION INC 0.0%

Value ($000) $5 Shares 20,288 Est. Cost $3.11 Unrealized —

LIMNW LIMINATUS PHARMA INC. 0.0%

Value ($000) $1 Shares 29,166 Est. Cost $0.24 Unrealized —

BNZIW BANZAI INTERNATIONAL INC 0.0%

Value ($000) $1 Shares 39,028 Est. Cost $0.05 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UNIT	UNITI GROUP LLC	1,172,703	$8,221	5.0%	$7.16	-11.5%	COM SHS	912932100
PL	PLANET LABS PBC	154,431	$3,045	1.8%	$9.47	+51.3%	COM CL A	72703X106
HLF	HERBALIFE LTD	70,910	$914	0.6%	$11.79	-10.2%	COM SHS	G4412G101
TBLA	TABOOLA.COM LTD	51,973	$240	0.1%	$4.01	-6.0%	ORD SHS	M8744T106
VATE	INNOVATE CORP	127,934	$578	0.3%	$5.20	-4.5%	COM NEW	45784J303
PCG	PG&E CORP	14,750	$237	0.1%	$16.16	-1.5%	COM	69331C108
AUROW	AURORA INNOVATION INC	20,288	$5	0.0%	$3.11	—	*W EXP 11/03/202	051774115
LIMNW	LIMINATUS PHARMA INC.	29,166	$1	0.0%	$0.24	—	*W EXP 04/30/203	53271X116
BNZIW	BANZAI INTERNATIONAL INC	39,028	$1	0.0%	$0.05	—	*W EXP 12/14/202	06682J118