# EDGAR Filing Document

**Accession Number:** 0001510281
**File Stem:** 0001062993-26-000994
**Filing Date:** 2026-2
**Character Count:** 41772
**Document Hash:** 63772f9c765d005974a69e6ad75d1ccb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-26-000994.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001062993-26-000994

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Saba Capital Management, L.P.
- **CENTRAL INDEX KEY:** 0001510281

**ORGANIZATION NAME:**
- **EIN:** 800361690
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14282
- **FILM NUMBER:** 26641731

**BUSINESS ADDRESS:**
- **STREET 1:** 405 LEXINGTON AVENUE
- **STREET 2:** 58TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10174
- **BUSINESS PHONE:** 212-542-4635

**MAIL ADDRESS:**
- **STREET 1:** 405 LEXINGTON AVENUE
- **STREET 2:** 58TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10174

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Saba Capital Management L.P.<br>**Address:** 405 LEXINGTON AVENUE<br>58TH FLOOR<br>NEW YORK, NY 10174

**Form 13F File Number:** 028-14282

**CRD Number (if applicable):** 000154362

**SEC File Number (if applicable):** 801-71740

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Benjamin Vice<br>**Title:** Senior Compliance Officer Legal Counsel<br>**Phone:** 212-542-3610

**Signature, Place, and Date of Signing:**

Benjamin Vice  New York, NY  02-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 350

**Form 13F Information Table Value Total:** $3365149020

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 1RT ACQUISITION CORP. | USD CL A ORD SHS | G6757R105 |  | 7904306 | 774932 | SH |  | SOLE |  | 774932 | 0 | 0 |
| 1RT ACQUISITION CORP. | *W EXP 06/26/203 | G6757R113 |  | 137989 | 199998 | SH |  | SOLE |  | 199998 | 0 | 0 |
| ABPRO HLDGS INC | *W EXP 11/12/202 | 000847111 |  | 16352 | 997048 | SH |  | SOLE |  | 997048 | 0 | 0 |
| ABRDN LIFE SCIENCES INVESTOR | SH BEN INT | 87911K100 |  | 35526180 | 2117174 | SH |  | SOLE |  | 1849086 | 0 | 268088 |
| ABRDN NATL MUN INCOME FD | SH BEN INT | 24610T108 |  | 879574 | 85645 | SH |  | SOLE |  | 68461 | 0 | 17184 |
| ACTIVATE ENERGY ACQUISITION | UNIT 11/10/2030 | G0081J129 |  | 6992592 | 699609 | SH |  | SOLE |  | 699609 | 0 | 0 |
| ADAM NAT RES FD INC | COM | 00548F105 |  | 58659955 | 2698250 | SH |  | SOLE |  | 2662160 | 0 | 36090 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 33815864 | 157900 | SH | Put | SOLE |  | 157900 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 2308431 | 10779 | SH |  | SOLE |  | 10779 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 3226242 | 224982 | SH |  | SOLE |  | 224982 | 0 | 0 |
| AGRICULTURE  NAT SOL ACQ CO | *W EXP 10/01/202 | G0131Y118 |  | 83208 | 249200 | SH |  | SOLE |  | 249200 | 0 | 0 |
| AI INFRASTRUCTURE ACQUISI | ORD SHS CL A | G01336109 |  | 2256380 | 227000 | SH |  | SOLE |  | 227000 | 0 | 0 |
| AI INFRASTRUCTURE ACQUISI | RIGHT 99/99/9999 | G01336117 |  | 60155 | 227000 | SH |  | SOLE |  | 227000 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 9554688 | 70400 | SH | Put | SOLE |  | 70400 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 320978 | 2365 | SH |  | SOLE |  | 2365 | 0 | 0 |
| AIRJOULE TECHNOLOGIES CORP | *W EXP 03/15/202 | 612160119 |  | 247076 | 275647 | SH |  | SOLE |  | 275647 | 0 | 0 |
| AIRSCULPT TECHNOLOGIES INC | COM | 009496100 |  | 619825 | 313043 | SH |  | SOLE |  | 313043 | 0 | 0 |
| AIRSHIP AI HLDGS INC | *W EXP 12/21/202 | 008940116 |  | 38332 | 42591 | SH |  | SOLE |  | 42591 | 0 | 0 |
| ALCHEMY INVTS ACQUISITN CORP | *W EXP 11/30/202 | G0232F133 |  | 4767 | 21669 | SH |  | SOLE |  | 21669 | 0 | 0 |
| ALGOMA STL GROUP INC | *W EXP 10/19/202 | 015658115 |  | 842 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 7737372 | 52786 | SH |  | SOLE |  | 52786 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 24317622 | 165900 | SH | Put | SOLE |  | 165900 | 0 | 0 |
| ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 |  | 29865970 | 2760256 | SH |  | SOLE |  | 2542343 | 0 | 217913 |
| ALLURION TECHNOLOGIES INC | *W EXP 08/01/203 | 02008G110 |  | 1871 | 122683 | SH |  | SOLE |  | 122683 | 0 | 0 |
| ALPS GROUP INC | ORD SHS | G0231P108 |  | 16930 | 19473 | SH |  | SOLE |  | 19473 | 0 | 0 |
| ALUSSA ENERGY ACQUISITION CO | UNIT 99/99/9999 | G0233J126 |  | 1487609 | 147288 | SH |  | SOLE |  | 147288 | 0 | 0 |
| AMERICAN DRIVE ACQUISITION C | UNIT 12/04/2030 | G0R91M121 |  | 1994000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| AMERICAN EXCEPTIONALISM ACQU | ORD CL A | G0273J101 |  | 1935161 | 169900 | SH |  | SOLE |  | 169900 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1923740 | 5200 | SH | Put | SOLE |  | 5200 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 463177 | 1252 | SH |  | SOLE |  | 1252 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 323924 | 9400 | SH |  | SOLE |  | 9400 | 0 | 0 |
| ANYWHERE REAL ESTATE INC | COM | 75605Y106 |  | 1062000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| APEX TREAS CORP | ORD SHS CL A | G04104108 |  | 5934000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| APEX TREAS CORP | *W EXP 10/07/203 | G04104124 |  | 83310 | 299999 | SH |  | SOLE |  | 299999 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 28354998 | 104300 | SH | Put | SOLE |  | 104300 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 7434012 | 27345 | SH |  | SOLE |  | 27345 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2878288 | 11200 | SH | Put | SOLE |  | 11200 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 204050 | 794 | SH |  | SOLE |  | 794 | 0 | 0 |
| ARBE ROBOTICS LTD | ORDINARY SHARES | M1R95N100 |  | 590000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| ARBE ROBOTICS LTD | *W EXP 99/99/999 | M1R95N118 |  | 8849 | 114180 | SH |  | SOLE |  | 114180 | 0 | 0 |
| ARBUTUS BIOPHARMA CORP | COM | 03879J100 |  | 1673327 | 347885 | SH |  | SOLE |  | 347885 | 0 | 0 |
| ARMADA ACQUISITION CORP II | *W EXP 05/21/203 | G0R38G112 |  | 163401 | 183597 | SH |  | SOLE |  | 183597 | 0 | 0 |
| ASA GOLD AND PRECIOUS MTLS L | SHS | G3156P103 |  | 321723515 | 5391713 | SH |  | SOLE |  | 4816585 | 0 | 575128 |
| ASP ISOTOPES INC | COM | 00218A105 |  | 1906617 | 356377 | SH |  | SOLE |  | 356377 | 0 | 0 |
| ASPIRE BIOPHARMA HLDGS INC | *W EXP 02/14/203 | 738920115 |  | 19328 | 983603 | SH |  | SOLE |  | 983603 | 0 | 0 |
| BABCOCK  WILCOX ENTERPRISES | COM | 05614L209 |  | 4318206 | 681105 | SH |  | SOLE |  | 681105 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 7032513 | 53823 | SH |  | SOLE |  | 53823 | 0 | 0 |
| BAIN CAP GSS INVT CORP | ORD CL A | G0R78B106 |  | 5398646 | 535580 | SH |  | SOLE |  | 535580 | 0 | 0 |
| BAIRD MED INVT HLDGS LTD | *W EXP 10/01/202 | G0705H111 |  | 7333 | 132013 | SH |  | SOLE |  | 132013 | 0 | 0 |
| BANCROFT FD LTD | COM | 059695106 |  | 7984597 | 361294 | SH |  | SOLE |  | 326609 | 0 | 34685 |
| BANZAI INTERNATIONAL INC | *W EXP 12/14/202 | 06682J118 |  | 1855 | 124100 | SH |  | SOLE |  | 124100 | 0 | 0 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 256181 | 12758 | SH |  | SOLE |  | 12758 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 1654410 | 86573 | SH |  | SOLE |  | 86573 | 0 | 0 |
| BERTO ACQUISITION CORP | ORD SHS | G1051H101 |  | 3549000 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| BERTO ACQUISITION CORP | *W EXP 05/01/203 | G1051H119 |  | 164108 | 406561 | SH |  | SOLE |  | 406561 | 0 | 0 |
| BITCOIN DEPOT INC | *W EXP 06/30/202 | 09174P113 |  | 150851 | 1357795 | SH |  | SOLE |  | 1357795 | 0 | 0 |
| BITCOIN INFRASTRUCTURE ACQUI | UNIT 11/06/2030 | G1143H127 |  | 2297792 | 230702 | SH |  | SOLE |  | 230702 | 0 | 0 |
| BITFARMS LTD | COM | 09173B107 |  | 44885 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| BITFUFU INC | *W EXP 03/01/202 | G1152A120 |  | 92146 | 414140 | SH |  | SOLE |  | 414140 | 0 | 0 |
| BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 |  | 13954600 | 1299311 | SH |  | SOLE |  | 725565 | 0 | 573746 |
| BLACKROCK ENHANCED GLOBAL DI | COM | 092501105 |  | 29919788 | 2555063 | SH |  | SOLE |  | 1655449 | 0 | 899614 |
| BLACKROCK ESG CAP ALLC TERM | SHS BEN INT | 09262F100 |  | 405051633 | 26336257 | SH |  | SOLE |  | 24288089 | 0 | 2048168 |
| BLACKROCK SCIENCE  TECHNOLO | SHS BEN INT | 09260K101 |  | 103044872 | 4557491 | SH |  | SOLE |  | 3326124 | 0 | 1231367 |
| BLAIZE HLDGS INC | *W EXP 01/13/203 | 092915115 |  | 331943 | 874225 | SH |  | SOLE |  | 874225 | 0 | 0 |
| BLUE GOLD LTD | *W EXP 04/01/203 | G1331C112 |  | 203986 | 484298 | SH |  | SOLE |  | 484298 | 0 | 0 |
| BLUEROCK ACQUISITION CORP | UNIT 11/06/2030 | G1352R121 |  | 1000000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| BLUEROCK PVT REAL ESTATE FD | COM | 09631P102 |  | 46119225 | 3074615 | SH |  | SOLE |  | 2876909 | 0 | 197706 |
| BNY MELLON MUN BD INFRASTRUC | COM SHS | 09662W109 |  | 17199526 | 1565016 | SH |  | SOLE |  | 1162490 | 0 | 402526 |
| BNY MELLON STRATEGIC MUN BD | COM | 09662E109 |  | 31957151 | 5179441 | SH |  | SOLE |  | 4816005 | 0 | 363436 |
| BNY MELLON STRATEGIC MUNS IN | COM | 05588W108 |  | 38648575 | 6076820 | SH |  | SOLE |  | 5268734 | 0 | 808086 |
| BOEING CO | COM | 097023105 |  | 29636880 | 136500 | SH | Put | SOLE |  | 136500 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 6598711 | 30392 | SH |  | SOLE |  | 30392 | 0 | 0 |
| BOLT PROJS HLDGS INC | *W EXP 08/13/202 | 09769B115 |  | 682 | 41097 | SH |  | SOLE |  | 41097 | 0 | 0 |
| BOREALIS FOODS INC | *W EXP 02/07/202 | 09973D113 |  | 8361 | 166894 | SH |  | SOLE |  | 166894 | 0 | 0 |
| BRAND ENGAGEMENT NETWORK INC | *W EXP 03/14/202 | 104932116 |  | 9681 | 212302 | SH |  | SOLE |  | 212302 | 0 | 0 |
| BRIDGER AEROSPACE GRP HLDGS | *W EXP 01/24/202 | 96812F110 |  | 3739 | 18752 | SH |  | SOLE |  | 18752 | 0 | 0 |
| BTC DEV CORP | ORD SHS CL A | G0701G109 |  | 5255250 | 525000 | SH |  | SOLE |  | 525000 | 0 | 0 |
| BTC DEV CORP | *W EXP 09/11/203 | G0701G117 |  | 75468 | 131249 | SH |  | SOLE |  | 131249 | 0 | 0 |
| BUMBLE INC | COM CL A | 12047B105 |  | 19055050 | 5337549 | SH |  | SOLE |  | 5337549 | 0 | 0 |
| BUTTERFLY NETWORK INC | *W EXP 02/12/202 | 124155110 |  | 322 | 16866 | SH |  | SOLE |  | 16866 | 0 | 0 |
| CALAMOS GBL DYN INCOME FUND | COM | 12811L107 |  | 2218243 | 299358 | SH |  | SOLE |  | 108223 | 0 | 191135 |
| CANNAE HLDGS INC | COM | 13765N107 |  | 26976856 | 1714994 | SH |  | SOLE |  | 1714994 | 0 | 0 |
| CANTOR EQUITY PARTNERS II IN | CL A ORD SHS | G1827P106 |  | 3378000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| CANTOR EQUITY PARTNERS III I | SHS CL A | G1828A108 |  | 5100000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| CANTOR EQUITY PARTNERS IV IN | SHS CL A | G1828E100 |  | 4178820 | 406500 | SH |  | SOLE |  | 406500 | 0 | 0 |
| CANTOR EQUITY PARTNERS V INC | SHS CL A S | G1828S109 |  | 5125000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 9597456 | 39600 | SH | Put | SOLE |  | 39600 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2421903 | 9993 | SH |  | SOLE |  | 9993 | 0 | 0 |
| CAPITAL SOUTHWEST CORP | NOTE 5.125%11/1 | 140501AE7 |  | 9954500 | 10000000 | PRN |  | SOLE |  | 10000000 | 0 | 0 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 2702861 | 110773 | SH |  | SOLE |  | 110773 | 0 | 0 |
| CAPTIVISION INC | *W EXP 11/15/202 | G18932114 |  | 8385 | 649998 | SH |  | SOLE |  | 649998 | 0 | 0 |
| CARBON REVOLUTION LTD | *W EXP 99/99/999 | G1893D110 |  | 786 | 81901 | SH |  | SOLE |  | 81901 | 0 | 0 |
| CARDIO DIAGNOSTICS HOLDGS IN | *W EXP 10/25/202 | 14159C111 |  | 4776 | 199839 | SH |  | SOLE |  | 199839 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 2411850 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CDT EQUITY INC | *W EXP 09/22/202 | 20678X114 |  | 4208 | 765000 | SH |  | SOLE |  | 765000 | 0 | 0 |
| CEA INDUSTRIES INC | COM | 86887P309 |  | 7095968 | 1105291 | SH |  | SOLE |  | 1105291 | 0 | 0 |
| CENTURION ACQUISITION CORP | *W EXP 05/31/203 | G20315118 |  | 20698 | 71410 | SH |  | SOLE |  | 71410 | 0 | 0 |
| CHECHE GROUP INC | *W EXP 10/01/203 | G20707116 |  | 451 | 22099 | SH |  | SOLE |  | 22099 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 3905350 | 105550 | SH |  | SOLE |  | 105550 | 0 | 0 |
| CHURCHILL CAP CORP XI | UNIT 12/10/2030 | G2131A124 |  | 1352233 | 132442 | SH |  | SOLE |  | 132442 | 0 | 0 |
| CID HOLDCO INC | *W EXP 12/31/202 | 171756117 |  | 58156 | 726048 | SH |  | SOLE |  | 726048 | 0 | 0 |
| CLASSOVER HLDGS INC | *W EXP 04/03/203 | 182744110 |  | 8426 | 699290 | SH |  | SOLE |  | 699290 | 0 | 0 |
| CLOUGH GLOBAL DIVID  INCOME | COM | 18913Y103 |  | 5198294 | 870736 | SH |  | SOLE |  | 810638 | 0 | 60098 |
| CLOUGH GLOBAL EQUITY FD | COM | 18914C100 |  | 7699143 | 1005110 | SH |  | SOLE |  | 922937 | 0 | 82173 |
| CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 |  | 17240020 | 3045940 | SH |  | SOLE |  | 2916396 | 0 | 129544 |
| COHEN CIRCLE ACQUISIT CORP I | SHS CL A | G2254C121 |  | 7004160 | 684000 | SH |  | SOLE |  | 684000 | 0 | 0 |
| COHEN CIRCLE ACQUISIT CORP I | *W EXP 07/01/203 | G2254C113 |  | 134990 | 187499 | SH |  | SOLE |  | 187499 | 0 | 0 |
| COINBASE GLOBAL INC | NOTE 0.500% 6/0 | 19260QAB3 |  | 4999600 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| COMMSCOPE HLDG CO INC | COM | 20337X109 |  | 2542352 | 140229 | SH |  | SOLE |  | 140229 | 0 | 0 |
| COMMUNITY HEALTH SYS INC NEW | COM | 203668108 |  | 1250521 | 400808 | SH |  | SOLE |  | 400808 | 0 | 0 |
| COMPASS DIVERSIFIED | SH BEN INT | 20451Q104 |  | 1964443 | 409259 | SH |  | SOLE |  | 409259 | 0 | 0 |
| COMPASS PATHWAYS PLC | SPONSORED ADS | 20451W101 |  | 1042128 | 151033 | SH |  | SOLE |  | 151033 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 806092 | 46568 | SH |  | SOLE |  | 46568 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 4368000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| CRANE HBR ACQUISITION CORP I | UNIT 12/09/2030 | G25014120 |  | 2999390 | 297854 | SH |  | SOLE |  | 297854 | 0 | 0 |
| CRITICAL METALS CORP | PUBCO ORD SHS | G2662B103 |  | 69400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 41344632 | 88200 | SH | Put | SOLE |  | 88200 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 11460713 | 24449 | SH |  | SOLE |  | 24449 | 0 | 0 |
| CYCURION INC | *W EXP 02/13/203 | 95758L115 |  | 17025 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| DAVE  BUSTERS ENTMT INC | COM | 238337109 |  | 5192209 | 320309 | SH |  | SOLE |  | 320309 | 0 | 0 |
| DESTRA MULTI-ALTERNATIVE FD | COMMON SHARES | 25065A502 |  | 19919213 | 2220648 | SH |  | SOLE |  | 1953410 | 0 | 267238 |
| DIGITAL ASSET ACQUISITION CO | SHS CL A | G2868C103 |  | 8636000 | 850000 | SH |  | SOLE |  | 850000 | 0 | 0 |
| DIGITAL ASSET ACQUISITION CO | *W EXP 04/01/203 | G2868C111 |  | 197879 | 471140 | SH |  | SOLE |  | 471140 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY ROBOTICS | 25460G823 |  | 2846542 | 111280 | SH |  | SOLE |  | 111280 | 0 | 0 |
| DISTOKEN ACQUISITION CORP | *W EXP 11/30/202 | G9878M112 |  | 11971 | 99762 | SH |  | SOLE |  | 99762 | 0 | 0 |
| DUFF  PHELPS UTLITY AND INF | COM | 26433C105 |  | 906198 | 71298 | SH |  | SOLE |  | 0 | 0 | 71298 |
| DYNAMIX CORP | *W EXP 10/25/202 | G2949D112 |  | 407952 | 226640 | SH |  | SOLE |  | 226640 | 0 | 0 |
| DYNAMIX CORP III | *W EXP 10/10/203 | G2949T117 |  | 60375 | 174999 | SH |  | SOLE |  | 174999 | 0 | 0 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829C105 |  | 4047534 | 438995 | SH |  | SOLE |  | 0 | 0 | 438995 |
| ECARX HOLDINGS INC | *W EXP 99/99/999 | G29201111 |  | 2060 | 43358 | SH |  | SOLE |  | 43358 | 0 | 0 |
| ELLSWORTH GROWTH  INCOME FD | COM | 289074106 |  | 19545611 | 1680620 | SH |  | SOLE |  | 1493982 | 0 | 186638 |
| EMBECTA CORP | COMMON STOCK | 29082K105 |  | 4141475 | 348609 | SH |  | SOLE |  | 348609 | 0 | 0 |
| EMPERY DIGITAL INC | COM NEW | 92864V608 |  | 964794 | 211346 | SH |  | SOLE |  | 211346 | 0 | 0 |
| ENGENE HOLDINGS INC | *W EXP 10/31/202 | 29286M113 |  | 391470 | 137358 | SH |  | SOLE |  | 137358 | 0 | 0 |
| EON RESOURCES INC | *W EXP 02/04/202 | 40472A128 |  | 21625 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| EQV VENTURES AC CORP. II | ORD SHS CL A | G3106Q102 |  | 7620172 | 759738 | SH |  | SOLE |  | 759738 | 0 | 0 |
| EQV VENTURES AC CORP. II | *W EXP 06/30/203 | G3106Q128 |  | 112754 | 336579 | SH |  | SOLE |  | 336579 | 0 | 0 |
| EQV VENTURES ACQUISITION COR | *W EXP 07/01/203 | G3106N117 |  | 119881 | 235038 | SH |  | SOLE |  | 235038 | 0 | 0 |
| ESS TECH INC | *W EXP 10/08/202 | 26916J114 |  | 15514 | 303596 | SH |  | SOLE |  | 303596 | 0 | 0 |
| ETHZILLA CORPORATION | COM SHS | 68236V401 |  | 2257474 | 460709 | SH |  | SOLE |  | 460709 | 0 | 0 |
| ETORO GROUP LTD | SHS CL A | G32089107 |  | 2787179 | 79339 | SH |  | SOLE |  | 79339 | 0 | 0 |
| EVOLUTION GLOBAL ACQUISITION | USD CL A ORD SHS | G3226F101 |  | 4441500 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| EVOLUTION GLOBAL ACQUISITION | *W EXP 10/22/203 | G3226F119 |  | 92250 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| FACT II ACQUISITION CORP | *W EXP 11/26/203 | G32901129 |  | 83096 | 237350 | SH |  | SOLE |  | 237350 | 0 | 0 |
| FALCONS BEYOND GLOBAL INC | *W EXP 10/06/202 | 306121112 |  | 377441 | 186852 | SH |  | SOLE |  | 186852 | 0 | 0 |
| FEDERATED HERMES PREM MUNI I | COM | 31423P108 |  | 4058772 | 365326 | SH |  | SOLE |  | 332525 | 0 | 32801 |
| FISCALNOTE HOLDINGS INC | *W EXP 07/29/202 | 337655112 |  | 8342 | 273057 | SH |  | SOLE |  | 273057 | 0 | 0 |
| FLYEXCLUSIVE INC | *W EXP 99/99/999 | 343928115 |  | 61947 | 230500 | SH |  | SOLE |  | 230500 | 0 | 0 |
| FOLD HLDGS INC | *W EXP 02/14/203 | 29103K118 |  | 93442 | 568730 | SH |  | SOLE |  | 568730 | 0 | 0 |
| FOXX DEV HLDGS INC | *W EXP 09/26/202 | 351665112 |  | 30130 | 244962 | SH |  | SOLE |  | 244962 | 0 | 0 |
| FUSEMACHINES INC | COM SHS | 36118R103 |  | 111723 | 67711 | SH |  | SOLE |  | 67711 | 0 | 0 |
| FUSEMACHINES INC | *W EXP 10/22/203 | 36118R111 |  | 36776 | 524998 | SH |  | SOLE |  | 524998 | 0 | 0 |
| FUTURECREST ACQUISITION CORP | CL A ORD SHS | G3730U107 |  | 3182157 | 315065 | SH |  | SOLE |  | 315065 | 0 | 0 |
| FUTURECREST ACQUISITION CORP | *W EXP 09/30/203 | G3730U115 |  | 61043 | 78765 | SH |  | SOLE |  | 78765 | 0 | 0 |
| GABELLI DIVID  INCOME TR | COM | 36242H104 |  | 159712435 | 5751258 | SH |  | SOLE |  | 5167108 | 0 | 584150 |
| GABELLI HLTHCARE  WELLNESS | SHS | 36246K103 |  | 20398276 | 2118201 | SH |  | SOLE |  | 1857399 | 0 | 260802 |
| GCL GLOBAL HLDGS LTD | *W EXP 02/13/203 | G3777K111 |  | 7219 | 275000 | SH |  | SOLE |  | 275000 | 0 | 0 |
| GCT SEMICONDUCTOR HLDG INC | *W EXP 03/01/202 | 36170N115 |  | 58735 | 710648 | SH |  | SOLE |  | 710648 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 5584000 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| GENERAL AMERN INVS CO INC | COM | 368802104 |  | 122504026 | 2085885 | SH |  | SOLE |  | 1870705 | 0 | 215180 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2022184 | 24867 | SH |  | SOLE |  | 24867 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 2692153 | 167007 | SH |  | SOLE |  | 167007 | 0 | 0 |
| GOGORO INC | *W EXP 04/04/202 | G9491K113 |  | 3523 | 400330 | SH |  | SOLE |  | 400330 | 0 | 0 |
| GORES HLDGS X INC | *W EXP 05/02/203 | G4002F125 |  | 26889 | 31616 | SH |  | SOLE |  | 31616 | 0 | 0 |
| GP-ACT III ACQUISITION CORP | *W EXP 05/13/202 | G4035N129 |  | 52095 | 193229 | SH |  | SOLE |  | 193229 | 0 | 0 |
| GRAB HOLDINGS LIMITED | *W EXP 99/99/999 | G4124C117 |  | 25538 | 84913 | SH |  | SOLE |  | 84913 | 0 | 0 |
| GRANITE RIDGE RESOURCES INC | COM | 387432107 |  | 544627 | 115878 | SH |  | SOLE |  | 115878 | 0 | 0 |
| HALL CHADWICK ACQUISITION CO | UNIT 11/20/2030 | G42386121 |  | 8720556 | 870315 | SH |  | SOLE |  | 870315 | 0 | 0 |
| HCM III ACQUISITION CORP | ORD SHS CL A | G4365E103 |  | 9534486 | 949650 | SH |  | SOLE |  | 949650 | 0 | 0 |
| HCM III ACQUISITION CORP | *W EXP 07/23/203 | G4365E111 |  | 166667 | 333333 | SH |  | SOLE |  | 333333 | 0 | 0 |
| HENNESSY CAP INVT CORP VII | RIGHT 01/17/2030 | G4405D115 |  | 48825 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| HIGHLAND OPPS  INCOME FD | HIGHLAND INCOME | 43010E404 |  | 27950616 | 4674016 | SH |  | SOLE |  | 4162511 | 0 | 511505 |
| HOLLEY INC | *W EXP 11/30/202 | 43538H111 |  | 43702 | 298716 | SH |  | SOLE |  | 298716 | 0 | 0 |
| HUB CYBER SECURITY LTD | *W EXP 02/27/202 | M6000J127 |  | 3003 | 179799 | SH |  | SOLE |  | 179799 | 0 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097406 |  | 6015079 | 555409 | SH |  | SOLE |  | 555409 | 0 | 0 |
| HYPERLIQUID STRATEGIES INC | COM | 44916Y106 |  | 2494367 | 700665 | SH |  | SOLE |  | 700665 | 0 | 0 |
| INFLECTION POINT ACQUISITION | RIGHT 11/04/2026 | G1169T138 |  | 408910 | 539815 | SH |  | SOLE |  | 539815 | 0 | 0 |
| INFLECTION PT ACQUISITION CO | RIGHT 04/25/2030 | G47875110 |  | 193612 | 512200 | SH |  | SOLE |  | 512200 | 0 | 0 |
| INSIGHT DIGITAL PARTNERS II | CL A ORD | G4814G105 |  | 3898247 | 393365 | SH |  | SOLE |  | 393365 | 0 | 0 |
| INSIGHT DIGITAL PARTNERS II | *W EXP 10/28/203 | G4814G113 |  | 69822 | 196682 | SH |  | SOLE |  | 196682 | 0 | 0 |
| INVEST GREEN ACQUISITION COR | UNIT 11/04/2030 | G4924G128 |  | 1230129 | 122645 | SH |  | SOLE |  | 122645 | 0 | 0 |
| IONQ INC | *W EXP 10/01/202 | 46222L116 |  | 1078696 | 32248 | SH |  | SOLE |  | 32248 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 2643900 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| IRON HORSE ACQUISIT CORP II | UNIT 07/11/2030 | 46283H202 |  | 3978000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 1732077 | 15719 | SH |  | SOLE |  | 15719 | 0 | 0 |
| ITHAX ACQUISITION CORP III | UNIT 11/17/2030 | G4977S128 |  | 2493750 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| JAPAN SMALLER CAPITALIZATION | COM | 47109U104 |  | 18088432 | 1632530 | SH |  | SOLE |  | 1407191 | 0 | 225339 |
| JOHN HANCOCK DIVERSIFIED INC | COM | 47804L102 |  | 3024276 | 281328 | SH |  | SOLE |  | 263622 | 0 | 17706 |
| K GROWTH ACQUISITION CORP | RIGHT 08/29/2031 | G52258129 |  | 15140 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 1723841 | 139244 | SH |  | SOLE |  | 0 | 0 | 139244 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 |  | 832171 | 86057 | SH |  | SOLE |  | 86057 | 0 | 0 |
| KINDLY MD INC | COM | 49457M106 |  | 1398972 | 3984539 | SH |  | SOLE |  | 3984539 | 0 | 0 |
| KOREA FD INC | COM NEW | 500634209 |  | 2528489 | 69617 | SH |  | SOLE |  | 61274 | 0 | 8343 |
| LAUNCH TWO ACQUISITION CORP. | *W EXP 10/09/202 | G5S87A113 |  | 5161 | 14427 | SH |  | SOLE |  | 14427 | 0 | 0 |
| LAUNCHPAD CADENZA ACQUISITIO | UNIT 12/15/2030 | G6001S123 |  | 1996000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| LEAPFROG ACQUISITION CORP | UNIT 11/10/2030 | G5414D129 |  | 3839899 | 383798 | SH |  | SOLE |  | 383798 | 0 | 0 |
| LIFEZONE METALS LIMITED | *W EXP 07/05/202 | G5568L117 |  | 301450 | 733811 | SH |  | SOLE |  | 733811 | 0 | 0 |
| LIGHTWAVE ACQUISITION CORP | *W EXP 06/06/203 | G5490M126 |  | 45471 | 197486 | SH |  | SOLE |  | 197486 | 0 | 0 |
| LIMINATUS PHARMA INC. | *W EXP 04/30/203 | 53271X116 |  | 8941 | 233761 | SH |  | SOLE |  | 233761 | 0 | 0 |
| LIVE OAK ACQUISITION CORP V | *W EXP 99/99/999 | G5509P110 |  | 161885 | 164350 | SH |  | SOLE |  | 164350 | 0 | 0 |
| LIVEWIRE GROUP INC | *W EXP 09/26/202 | 53838J113 |  | 3543 | 49203 | SH |  | SOLE |  | 49203 | 0 | 0 |
| LOTUS TECHNOLOGY INC | *W EXP 02/22/202 | 54572F119 |  | 1685 | 26945 | SH |  | SOLE |  | 26945 | 0 | 0 |
| M3BRIGADE ACQUISITION V CORP | CL A | G63212107 |  | 151254 | 14229 | SH |  | SOLE |  | 14229 | 0 | 0 |
| M3BRIGADE ACQUISITION V CORP | *W EXP 99/99/999 | G63212115 |  | 136841 | 149170 | SH |  | SOLE |  | 149170 | 0 | 0 |
| MELAR ACQUISITION CORP. I | *W EXP 06/01/203 | G6004G118 |  | 70190 | 438551 | SH |  | SOLE |  | 438551 | 0 | 0 |
| MESHFLOW ACQUISITION CORP | UNIT 11/19/2030 | G6032N127 |  | 9496000 | 949600 | SH |  | SOLE |  | 949600 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2039678 | 3090 | SH |  | SOLE |  | 3090 | 0 | 0 |
| MEXICO EQUITY  INCOME FD | COM | 592834105 |  | 1468268 | 118600 | SH |  | SOLE |  | 116657 | 0 | 1943 |
| MEXICO FD INC | COM | 592835102 |  | 34062782 | 1691300 | SH |  | SOLE |  | 1501268 | 0 | 190032 |
| MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 |  | 4454511 | 1203922 | SH |  | SOLE |  | 1070789 | 0 | 133133 |
| MFS MUN INCOME TR | SH BEN INT | 552738106 |  | 1443294 | 265800 | SH |  | SOLE |  | 216881 | 0 | 48919 |
| MORGAN STANLEY CHINA A SH FD | COM | 617468103 |  | 11022784 | 634953 | SH |  | SOLE |  | 588603 | 0 | 46350 |
| MORGAN STANLEY INDIA INVT FD | COM | 61745C105 |  | 24703322 | 988924 | SH |  | SOLE |  | 920967 | 0 | 67957 |
| MOUNTAIN LAKE ACQUISITION CO | RIGHT 11/15/2028 | G6301B127 |  | 84004 | 350017 | SH |  | SOLE |  | 350017 | 0 | 0 |
| MURANO GLOBAL INVTS PLC | *W EXP 03/19/202 | G63369113 |  | 4602 | 174998 | SH |  | SOLE |  | 174998 | 0 | 0 |
| NAMIB MINERALS | *W EXP 06/05/203 | G63638111 |  | 6261 | 83480 | SH |  | SOLE |  | 83480 | 0 | 0 |
| NET POWER INC | *W EXP 06/08/202 | 64107A113 |  | 95017 | 180984 | SH |  | SOLE |  | 180984 | 0 | 0 |
| NEUBERGER ENGY INFRSTR  INC | COM | 64129H104 |  | 12040097 | 1416482 | SH |  | SOLE |  | 500059 | 0 | 916423 |
| NEUBERGER MUN FD INC | COM | 64124P101 |  | 1114374 | 110116 | SH |  | SOLE |  | 68120 | 0 | 41996 |
| NEUBERGER NEXT GENERATION | COMMON STOCK | 64133Q108 |  | 111119193 | 7695235 | SH |  | SOLE |  | 6953450 | 0 | 741785 |
| NEW GERMANY FD INC | COM | 644465106 |  | 25244538 | 2210555 | SH |  | SOLE |  | 1993228 | 0 | 217327 |
| NEW HORIZON AIRCRAFT LTD | *W EXP 02/14/202 | 64550A115 |  | 63302 | 199659 | SH |  | SOLE |  | 199659 | 0 | 0 |
| NEW PROVIDENCE ACQUISITION C | *W EXP 04/24/203 | G6476A110 |  | 48322 | 95631 | SH |  | SOLE |  | 95631 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 |  | 2352759 | 632462 | SH |  | SOLE |  | 632462 | 0 | 0 |
| NEWHOLD INVT CORP III | *W EXP 01/30/203 | G6486E110 |  | 21002 | 49998 | SH |  | SOLE |  | 49998 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 1586952 | 94800 | SH | Put | SOLE |  | 94800 | 0 | 0 |
| NUVEEN DOW 30 DYNMC OVERWRT | SHS | 67075F105 |  | 24412124 | 1599746 | SH |  | SOLE |  | 1353389 | 0 | 246357 |
| NUVEEN MULTI ASSET INCOME FU | COM | 670750108 |  | 981638 | 75279 | SH |  | SOLE |  | 0 | 0 | 75279 |
| NUVEEN PENNSYLVANIA QLT MUN | COM | 670972108 |  | 35653592 | 2998620 | SH |  | SOLE |  | 2675330 | 0 | 323290 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 38400350 | 205900 | SH | Put | SOLE |  | 205900 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7101734 | 38079 | SH |  | SOLE |  | 38079 | 0 | 0 |
| NVNI GROUP LIMITED | *W EXP 11/01/202 | G50716110 |  | 14163 | 211075 | SH |  | SOLE |  | 211075 | 0 | 0 |
| NYLI CBRE GBL INFR MEGTRNDS | COM | 56064Q107 |  | 76970110 | 5593758 | SH |  | SOLE |  | 5083267 | 0 | 510491 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 2775035 | 133223 | SH |  | SOLE |  | 133223 | 0 | 0 |
| OMNIAB INC | *W EXP 99/99/999 | 68218J111 |  | 2165 | 19900 | SH |  | SOLE |  | 19900 | 0 | 0 |
| OPPFI INC | *W EXP 07/20/202 | 68386H111 |  | 234953 | 153564 | SH |  | SOLE |  | 153564 | 0 | 0 |
| OPTIMUM COMMUNICATIONS INC | CL A | 02156K103 |  | 2238865 | 1356888 | SH |  | SOLE |  | 1356888 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 2826195 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| ORIGIN MATERIALS INC | *W EXP 06/25/202 | 68622D114 |  | 608 | 155950 | SH |  | SOLE |  | 155950 | 0 | 0 |
| OSR HLDGS INC | *W EXP 02/09/202 | 68840D110 |  | 11813 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| OTG ACQUISITION CORP. I | ORD CL A | G6791A100 |  | 2500000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| OTG ACQUISITION CORP. I | *W EXP 09/05/203 | G6791A118 |  | 40000 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 12468521 | 1293415 | SH |  | SOLE |  | 1293415 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 823158 | 14100 | SH | Put | SOLE |  | 14100 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 374508 | 6415 | SH |  | SOLE |  | 6415 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 4118098 | 36318 | SH |  | SOLE |  | 36318 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 9728862 | 85800 | SH | Put | SOLE |  | 85800 | 0 | 0 |
| PERFECT CORP | *W EXP 99/99/999 | G7006A117 |  | 1255 | 41822 | SH |  | SOLE |  | 41822 | 0 | 0 |
| PERIMETER ACQUISITION CORP I | COM CL A | G7010A129 |  | 10854344 | 1055870 | SH |  | SOLE |  | 1055870 | 0 | 0 |
| PERIMETER ACQUISITION CORP I | *W EXP 05/13/203 | G7010A111 |  | 427231 | 554845 | SH |  | SOLE |  | 554845 | 0 | 0 |
| PIMCO CALIF MUN INCOME FD | COM | 72200N106 |  | 9922265 | 1136571 | SH |  | SOLE |  | 1020080 | 0 | 116491 |
| PIMCO DYNAMIC INCOME STRATEG | COM SHS BEN INT | 69346N107 |  | 127631321 | 6796130 | SH |  | SOLE |  | 6218536 | 0 | 577594 |
| PLUM ACQUISITION CORP IV | *W EXP 08/19/202 | G7134A120 |  | 29995 | 99999 | SH |  | SOLE |  | 99999 | 0 | 0 |
| POLESTAR AUTOMOTIVE HLDG UK | SPONSORED ADS | 731105409 |  | 2274986 | 106457 | SH |  | SOLE |  | 106457 | 0 | 0 |
| PROCAP ACQUISITION CORP | SHS CL A | G7257A105 |  | 6543939 | 645996 | SH |  | SOLE |  | 645996 | 0 | 0 |
| PROCAP ACQUISITION CORP | *W EXP 05/16/203 | G7257A121 |  | 123700 | 333332 | SH |  | SOLE |  | 333332 | 0 | 0 |
| PROCAP FINL INC | COM SHS | 74277P105 |  | 557856 | 158033 | SH |  | SOLE |  | 158033 | 0 | 0 |
| PROSHARES TR II | ULTRASHORT GOLD | 74347Y698 |  | 9478721 | 362475 | SH |  | SOLE |  | 362475 | 0 | 0 |
| PSYENCE BIOMEDICAL LTD | *W EXP 01/25/202 | 74449F118 |  | 4706 | 297847 | SH |  | SOLE |  | 297847 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 38417830 | 224600 | SH | Put | SOLE |  | 224600 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 4868767 | 28464 | SH |  | SOLE |  | 28464 | 0 | 0 |
| RANGE CAP ACQUISITION CORP I | CL A ORD SHS | G7375J103 |  | 7228250 | 725000 | SH |  | SOLE |  | 725000 | 0 | 0 |
| RANGE CAP ACQUISITION CORP I | *W EXP 09/29/203 | G7375J111 |  | 156000 | 487499 | SH |  | SOLE |  | 487499 | 0 | 0 |
| REAL ASSET ACQUISITION CORP | SHS CL A | G73944103 |  | 8147854 | 797246 | SH |  | SOLE |  | 797246 | 0 | 0 |
| REAL ASSET ACQUISITION CORP | *W EXP 04/24/203 | G73944111 |  | 326711 | 687813 | SH |  | SOLE |  | 687813 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | SHS CL A | G7490F101 |  | 942630 | 88344 | SH |  | SOLE |  | 88344 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | *W EXP 05/15/203 | G7490F127 |  | 47844 | 56866 | SH |  | SOLE |  | 56866 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | USD CL A ORD SHS | G7515A103 |  | 16665345 | 1645960 | SH |  | SOLE |  | 1645960 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | *W EXP 05/01/203 | G7515A129 |  | 550999 | 949999 | SH |  | SOLE |  | 949999 | 0 | 0 |
| RICE ACQUISITION CORP 3 | ORD SHS CL A | G7553X106 |  | 2275265 | 221437 | SH |  | SOLE |  | 221437 | 0 | 0 |
| RICE ACQUISITION CORP 3 | *W EXP 99/99/999 | G7553X114 |  | 106065 | 132581 | SH |  | SOLE |  | 132581 | 0 | 0 |
| RITHM ACQUISITION CORP | *W EXP 99/99/999 | G75751118 |  | 15000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 5450000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 436000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| RIVERNORTH FLEXIBLE MUNI INC | COM | 76883Y107 |  | 7665567 | 605495 | SH |  | SOLE |  | 0 | 0 | 605495 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 |  | 6743700 | 6000000 | PRN |  | SOLE |  | 6000000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 2960442 | 150200 | SH | Put | SOLE |  | 150200 | 0 | 0 |
| ROADZEN INC | *W EXP 11/30/202 | G7606H116 |  | 148912 | 541499 | SH |  | SOLE |  | 541499 | 0 | 0 |
| ROMAN DBDR ACQUISITION CORP | *W EXP 10/31/203 | G7633M112 |  | 106300 | 174262 | SH |  | SOLE |  | 174262 | 0 | 0 |
| ROYALTY MGMT HLDG CORP | *W EXP 05/28/202 | 02369M110 |  | 2529 | 19443 | SH |  | SOLE |  | 19443 | 0 | 0 |
| ROYCE MICRO-CAP TR INC | COM | 780915104 |  | 27273501 | 2614909 | SH |  | SOLE |  | 2248180 | 0 | 366729 |
| ROYCE SMALL CAP TRUST INC | COM | 780910105 |  | 23138163 | 1437153 | SH |  | SOLE |  | 1258121 | 0 | 179032 |
| SABA CAPITAL INCOME  OPPORT | COM NEW | 880198205 |  | 18075486 | 2190968 | SH |  | SOLE |  | 1888570 | 0 | 302398 |
| SABRE CORP | COM | 78573M104 |  | 12075688 | 8879182 | SH |  | SOLE |  | 8879182 | 0 | 0 |
| SBC MED GROUP HLDGS INC | *W EXP 09/17/202 | 73245B115 |  | 45900 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| SCAGE FUTURE | *W EXP 05/15/203 | G7840J118 |  | 41290 | 660109 | SH |  | SOLE |  | 660109 | 0 | 0 |
| SHARPS TECHNOLOGY INC | COM | 82003F309 |  | 411587 | 202752 | SH |  | SOLE |  | 202752 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 21763144 | 135200 | SH | Put | SOLE |  | 135200 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 4552071 | 28279 | SH |  | SOLE |  | 28279 | 0 | 0 |
| SILEXION THERAPEUTICS CORP | *W EXP 08/15/202 | G1281K114 |  | 318 | 11937 | SH |  | SOLE |  | 11937 | 0 | 0 |
| SILICON VY ACQUISITION CORP | UNIT 12/08/2030 | G81306105 |  | 497250 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SILVERBOX CORP IV | *W EXP 08/19/202 | G81354121 |  | 18966 | 67710 | SH |  | SOLE |  | 67710 | 0 | 0 |
| SIM ACQUISITION CORP. I | *W EXP 06/01/203 | G8431T119 |  | 23956 | 111217 | SH |  | SOLE |  | 111217 | 0 | 0 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 |  | 1534307 | 100020 | SH |  | SOLE |  | 100020 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 5312833 | 137389 | SH |  | SOLE |  | 137389 | 0 | 0 |
| SMX SEC MATTERS PLC | *W EXP 03/07/202 | G8267K117 |  | 12140 | 265947 | SH |  | SOLE |  | 265947 | 0 | 0 |
| SNAP INC | CL A | 83304A106 |  | 11473797 | 1421784 | SH |  | SOLE |  | 1421784 | 0 | 0 |
| SOLID POWER INC | *W EXP 12/08/202 | 83422N113 |  | 105759 | 144086 | SH |  | SOLE |  | 144086 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A375 |  | 2104639 | 62249 | SH |  | SOLE |  | 62249 | 0 | 0 |
| SPECTRAL AI INC | *W EXP 99/99/999 | 84757T113 |  | 26893 | 59763 | SH |  | SOLE |  | 59763 | 0 | 0 |
| SPRING VY ACQUISITION CORP I | SHS CL A | G8377R101 |  | 2540000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| SPRING VY ACQUISITION CORP I | *W EXP 09/04/203 | G8377R119 |  | 51874 | 83332 | SH |  | SOLE |  | 83332 | 0 | 0 |
| STAR HLDGS | SHS BEN INT | 85512G106 |  | 7735986 | 939974 | SH |  | SOLE |  | 939974 | 0 | 0 |
| STARWOOD PPTY TR INC | NOTE 6.750% 7/1 | 85571BBA2 |  | 5190000 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| STRATA CRITICAL MEDICAL INC | *W EXP 05/07/202 | 092667112 |  | 2995 | 27728 | SH |  | SOLE |  | 27728 | 0 | 0 |
| STRATEGY INC | NOTE 12/0 | 594972AS0 |  | 4122550 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 25831500 | 170000 | SH | Put | SOLE |  | 170000 | 0 | 0 |
| SWVL HOLDINGS CORP | *W EXP 99/99/999 | G86302117 |  | 1532 | 170222 | SH |  | SOLE |  | 170222 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 6340680 | 76000 | SH | Put | SOLE |  | 76000 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1635311 | 19601 | SH |  | SOLE |  | 19601 | 0 | 0 |
| SYNTEC OPTICS HLDGS INC | *W EXP 99/99/999 | 87169M113 |  | 79381 | 332000 | SH |  | SOLE |  | 332000 | 0 | 0 |
| TABOOLA.COM LTD | *W EXP 99/99/999 | M8744T114 |  | 3433 | 72280 | SH |  | SOLE |  | 72280 | 0 | 0 |
| TAIWAN FD INC | COM | 874036106 |  | 12100926 | 226694 | SH |  | SOLE |  | 204160 | 0 | 22534 |
| TELEPHONE  DATA SYS INC | COM NEW | 879433829 |  | 3280000 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| TEMPLETON DRAGON FD INC | COM | 88018T101 |  | 6072068 | 539260 | SH |  | SOLE |  | 468835 | 0 | 70425 |
| TERRESTRIAL ENERGY INC | *W EXP 10/28/203 | 881454110 |  | 160444 | 75681 | SH |  | SOLE |  | 75681 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 50863332 | 113100 | SH | Put | SOLE |  | 113100 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 8167365 | 18161 | SH |  | SOLE |  | 18161 | 0 | 0 |
| TGE VALUE CREATIVE SOLUTIONS | UNIT 99/99/9999 | G8773E126 |  | 2236500 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 1338708 | 48034 | SH |  | SOLE |  | 48034 | 0 | 0 |
| TON STRATEGY CO | COM | 92337U302 |  | 1647710 | 827995 | SH |  | SOLE |  | 827995 | 0 | 0 |
| TOTAL RETURN SECURITIES FUND | COM | 870875101 |  | 3764493 | 605224 | SH |  | SOLE |  | 557926 | 0 | 47298 |
| TRAILBLAZER ACQUISITION CORP | ORD SHS CL A | G9009S103 |  | 7871023 | 786316 | SH |  | SOLE |  | 786316 | 0 | 0 |
| TRAILBLAZER ACQUISITION CORP | *W EXP 09/30/203 | G9009S111 |  | 134996 | 262103 | SH |  | SOLE |  | 262103 | 0 | 0 |
| TRI CONTL CORP | COM | 895436103 |  | 22914289 | 701601 | SH |  | SOLE |  | 439820 | 0 | 261781 |
| TRONOX HOLDINGS PLC | SHS | G9087Q102 |  | 592419 | 142067 | SH |  | SOLE |  | 142067 | 0 | 0 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 4551938 | 343802 | SH |  | SOLE |  | 343802 | 0 | 0 |
| TWELVE SEAS INVT CO III | UNIT 11/21/2030 | G9145D127 |  | 995000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2707706 | 33138 | SH |  | SOLE |  | 33138 | 0 | 0 |
| UNISYS CORP | COM NEW | 909214306 |  | 4282104 | 1551487 | SH |  | SOLE |  | 1551487 | 0 | 0 |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 91060H116 |  | 15113 | 45810 | SH |  | SOLE |  | 45810 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 1924682 | 24140 | SH |  | SOLE |  | 24140 | 0 | 0 |
| VERDE CLEAN FUELS INC | *W EXP 02/15/202 | 923372114 |  | 6017 | 73108 | SH |  | SOLE |  | 73108 | 0 | 0 |
| VERTEX INC | CL A | 92538J106 |  | 5261576 | 263474 | SH |  | SOLE |  | 263474 | 0 | 0 |
| VERTICAL AEROSPACE LTD | SHS NEW | G9471C206 |  | 21048405 | 3949044 | SH |  | SOLE |  | 3949044 | 0 | 0 |
| VIRTUS CONVERTIBLE  INCOME | COM NEW | 92838X805 |  | 2316041 | 152874 | SH |  | SOLE |  | 125634 | 0 | 27240 |
| VIRTUS DIVIDEND INTEREST  P | COM | 92840R101 |  | 111370000 | 8640031 | SH |  | SOLE |  | 7339214 | 0 | 1300817 |
| VIRTUS EQUITY  CONV INCM FD | COM | 92841M101 |  | 7431144 | 298200 | SH |  | SOLE |  | 118575 | 0 | 179625 |
| VOYA ASIA PAC HIGH DIV EQT I | COM | 92912J102 |  | 13225481 | 1816687 | SH |  | SOLE |  | 1496166 | 0 | 320521 |
| VOYA EMERGING MKTS HIGH DIVI | COM | 92912P108 |  | 10965697 | 1748915 | SH |  | SOLE |  | 1572620 | 0 | 176295 |
| VOYAGER TECHNOLOGIES INC | COM CL A | 92892B103 |  | 940622 | 35984 | SH |  | SOLE |  | 35984 | 0 | 0 |
| VSEE HEALTH INC | *W EXP 99/99/999 | 92919Y110 |  | 21649 | 243249 | SH |  | SOLE |  | 243249 | 0 | 0 |
| WALDENCAST PLC | *W EXP 07/27/202 | G9503X111 |  | 3635 | 99998 | SH |  | SOLE |  | 99998 | 0 | 0 |
| WEIBO CORP | SPONSORED ADR | 948596101 |  | 20593944 | 2015063 | SH |  | SOLE |  | 2015063 | 0 | 0 |
| WEN ACQUISITION CORP | COM CL A | G9R39C103 |  | 15788542 | 1563222 | SH |  | SOLE |  | 1563222 | 0 | 0 |
| WEN ACQUISITION CORP | *W EXP 99/99/999 | G9R39C111 |  | 304595 | 981614 | SH |  | SOLE |  | 981614 | 0 | 0 |
| WESTERN AST INFL LKD OPP  I | COM | 95766R104 |  | 3647116 | 424577 | SH |  | SOLE |  | 0 | 0 | 424577 |
| WINNEBAGO INDS INC | COM | 974637100 |  | 3317940 | 81884 | SH |  | SOLE |  | 81884 | 0 | 0 |
| ZEO ENERGY CORP | *W EXP 03/13/202 | 98944F117 |  | 27625 | 726030 | SH |  | SOLE |  | 726030 | 0 | 0 |
| ZOOZ STRATEGY LTD | *W EXP 04/02/202 | M2573A197 |  | 10474 | 262498 | SH |  | SOLE |  | 262498 | 0 | 0 |

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