APPLIED DIGITAL CORP

CUSIP: 038169AB4 Class: NOTE

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (23)

Graham Capital Management, L.P.
Value ($000) $171,702 Shares 63,738,000
WHITEBOX ADVISORS LLC
Value ($000) $163,932 Shares 60,800,000
LINDEN ADVISORS LP
Value ($000) $350,858 Shares 130,435,000
Context Capital Management, LLC
Value ($000) $57,095 Shares 21,117,000
K2 PRINCIPAL FUND, L.P.
Value ($000) $18,841 Shares 7,000
SUSQUEHANNA ADVISORS GROUP, INC.
Value ($000) $82,542 Shares 30,606,000
Point72 Asset Management, L.P.
Value ($000) $82,012 Shares 30,318,000
GABELLI FUNDS LLC
Value ($000) $6,338 Shares 2,350,000
BNP PARIBAS ARBITRAGE, SA
Value ($000) $53,812 Shares 19,958,000
D. E. Shaw & Co., Inc.
Value ($000) $37,777 Shares 14,000,000
Thrivent Financial for Lutherans
Value ($000) $33 Shares 12,210,000
STATE STREET CORP
Value ($000) $25,031 Shares 9,332,000
FMR LLC
Value ($000) $13,878 Shares 5,147,000
BlackRock, Inc.
Value ($000) $15,301 Shares 5,675,000
JPMORGAN CHASE & CO
Value ($000) $3,536 Shares 3,536,000
GAMCO INVESTORS, INC. ET AL
Value ($000) $270 Shares 100,000
Universal- Beteiligungs- und Servicegesellschaft mbH
Value ($000) $675 Shares 250,000
MILLENNIUM MANAGEMENT LLC
Value ($000) $1,012 Shares 375,000
LAZARD ASSET MANAGEMENT LLC
Value ($000) $343 Shares 12,680,000
BANK OF AMERICA CORP /DE/
Value ($000) $391 Shares 145,000