# EDGAR Filing Document

**Accession Number:** 0001257391
**File Stem:** 0002073679-25-000003
**Filing Date:** 2025-8
**Character Count:** 45334
**Document Hash:** 369defba081d1b073705bc32a6d67105
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002073679-25-000003.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0002073679-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WHITEBOX ADVISORS LLC
- **CENTRAL INDEX KEY:** 0001257391

**ORGANIZATION NAME:**
- **EIN:** 411957584
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10715
- **FILM NUMBER:** 251220473

**BUSINESS ADDRESS:**
- **STREET 1:** 3033 EXCELSIOR BLVD.
- **STREET 2:** SUITE 500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416
- **BUSINESS PHONE:** 612-253-6001

**MAIL ADDRESS:**
- **STREET 1:** 3033 EXCELSIOR BLVD.
- **STREET 2:** SUITE 500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** WHITEBOX ADVISORS LLC<br>**Address:** 3033 EXCELSIOR BLVD.<br>SUITE 500<br>MINNEAPOLIS, MN 55416

**Form 13F File Number:** 028-10715

**CRD Number (if applicable):** 000121995

**SEC File Number (if applicable):** 801-65882

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:** Lisa Conrad<br>**Title:** General Counsel  Chief Compliance Officer<br>**Phone:** 612-701-7103

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

Lisa Conrad  New York, NY  08-14-2025<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:** 382

**Form 13F Information Table Value Total:** $4710431394

      (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 |
| AA MISSION ACQUISITION CORP | ORD SHS CL A | G1000R101 |  | 4689000 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| AA MISSION ACQUISITION CORP | *W EXP 08/01/203 | G1000R127 |  | 46740 | 475000 | SH |  | SOLE |  | 0 | 0 | 0 |
| AERIES TECHNOLOGY INC | *W EXP 11/06/202 | G0136H110 |  | 1625 | 56416 | SH |  | SOLE |  | 0 | 0 | 0 |
| AIRJOULE TECHNOLOGIES CORP | *W EXP 03/15/202 | 612160119 |  | 30179 | 46500 | SH |  | SOLE |  | 0 | 0 | 0 |
| AIRSHIP AI HLDGS INC | *W EXP 12/21/202 | 008940116 |  | 43283 | 21750 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 6386642 | 296915 | SH |  | SOLE |  | 296915 | 0 | 0 |
| ALDEL FINL II INC | CL A | G01558108 |  | 4196000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| ALDEL FINL II INC | *W EXP 09/26/203 | G01558124 |  | 104000 | 200000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALEANNA INC | *W EXP 12/13/202 | 01444V111 |  | 5464 | 23250 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE 0.500% 6/0 | 01609WBG6 |  | 31499125 | 24728000 | PRN |  | SOLE |  | 24728000 | 0 | 0 |
| ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 |  | 1171711 | 113648 | SH |  | SOLE |  | 113648 | 0 | 0 |
| ALPHA MODUS HLDGS INC | *W EXP 12/13/202 | 020952115 |  | 7742 | 69750 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHA TAU MEDICAL LTD | *W EXP 99/99/999 | M0740A116 |  | 32658 | 136018 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMC ENTMT HLDGS INC | CL A NEW | 00165C302 |  | 6200000 | 2000000 | SH | Put | SOLE |  | 2000000 | 0 | 0 |
| AMC ENTMT HLDGS INC | CL A NEW | 00165C302 |  | 198846 | 64144 | SH |  | SOLE |  | 64144 | 0 | 0 |
| AMC NETWORKS INC | NOTE 4.250% 2/1 | 00164VAJ2 |  | 20080200 | 23905000 | PRN |  | SOLE |  | 23905000 | 0 | 0 |
| AMERICAN AIRLINES GROUP INC | NOTE 6.500% 7/0 | 02376RAF9 |  | 57428479 | 57486000 | PRN |  | SOLE |  | 57486000 | 0 | 0 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 22843977 | 5599014 | SH |  | SOLE |  | 5599014 | 0 | 0 |
| ANDRETTI ACQUISITION CORP II | ORD SHS CL A | G26745102 |  | 2076000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| ANDRETTI ACQUISITION CORP II | *W EXP 06/01/203 | G26745128 |  | 20000 | 100000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ANYWHERE REAL ESTATE INC | COM | 75605Y106 |  | 2446928 | 675947 | SH |  | SOLE |  | 675947 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 61551000 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 8206800 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| ARCHIMEDES TECH SPAC PARTNER | ORD SHS | G04537109 |  | 2557500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| ARCHIMEDES TECH SPAC PARTNER | *W EXP 10/15/202 | G04537125 |  | 50749 | 125000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARMADA ACQUISITION CORP II | UNIT 05/21/2030 | G0R38G120 |  | 2042000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | NOTE 1.000%12/0 | 04271TAB6 |  | 17135236 | 21637000 | PRN |  | SOLE |  | 21637000 | 0 | 0 |
| ASPIRE BIOPHARMA HLDGS INC | *W EXP 02/14/203 | 738920115 |  | 5308 | 118750 | SH |  | SOLE |  | 0 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 1787028 | 10571 | SH |  | SOLE |  | 10571 | 0 | 0 |
| AXIOM INTELLIGENCE AC CORP 1 | UNIT 06/10/2030 | G0750N120 |  | 1765750 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| AZEK CO INC | CL A | 05478C105 |  | 58344779 | 1073501 | SH |  | SOLE |  | 1073501 | 0 | 0 |
| BAIRD MED INVT HLDGS LTD | *W EXP 10/01/202 | G0705H111 |  | 1862 | 23250 | SH |  | SOLE |  | 0 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 3668521 | 550829 | SH |  | SOLE |  | 550829 | 0 | 0 |
| BAUSCH PLUS LOMB CORP | COMMON SHARES | 071705107 |  | 16804301 | 1291645 | SH |  | SOLE |  | 1291645 | 0 | 0 |
| BEYOND MEAT INC | NOTE 3/1 | 08862EAB5 |  | 2433421 | 30609000 | PRN |  | SOLE |  | 30609000 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 3341326 | 957400 | SH | Put | SOLE |  | 957400 | 0 | 0 |
| BIGBEAR AI HLDGS INC | *W EXP 12/08/202 | 08975B117 |  | 121435 | 50598 | SH |  | SOLE |  | 0 | 0 | 0 |
| BITCOIN DEPOT INC | *W EXP 06/30/202 | 09174P113 |  | 85051 | 213750 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACK HAWK ACQUISITION CORP | RIGHT 06/20/2025 | G1148A119 |  | 34690 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 |  | 1194809 | 121671 | SH |  | SOLE |  | 121671 | 0 | 0 |
| BLACKROCK MUNIHOLDINGS QUALI | COM | 09254C107 |  | 507855 | 53012 | SH |  | SOLE |  | 53012 | 0 | 0 |
| BLACKROCK N Y MUN INCOME TRU | SH BEN INT | 09248L106 |  | 1474743 | 152507 | SH |  | SOLE |  | 152507 | 0 | 0 |
| BLAIZE HLDGS INC | *W EXP 01/13/203 | 092915115 |  | 80394 | 209250 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLOOM ENERGY CORP | NOTE 3.000% 6/0 | 093712AK3 |  | 87056898 | 58862000 | PRN |  | SOLE |  | 58862000 | 0 | 0 |
| BLOOM ENERGY CORP | NOTE 3.000% 6/0 | 093712AM9 |  | 127086906 | 89776000 | PRN |  | SOLE |  | 89776000 | 0 | 0 |
| BLUE ACQUISITION CORP. | UNIT 06/02/2030 | G1331A124 |  | 1757000 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| BLUE GOLD LTD | *W EXP 04/01/203 | G1331C112 |  | 4418 | 23250 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLUE WTR ACQUISITION CORP. I | UNIT 05/23/2030 | G1368E122 |  | 2502500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| BLUEPRINT MEDICINES CORP | COM | 09627Y109 |  | 39735928 | 310001 | SH |  | SOLE |  | 310001 | 0 | 0 |
| BNY MELLON MUN BD INFRASTRUC | COM SHS | 09662W109 |  | 3279557 | 320896 | SH |  | SOLE |  | 320896 | 0 | 0 |
| BNY MELLON STRATEGIC MUN BD | COM | 09662E109 |  | 2122361 | 378993 | SH |  | SOLE |  | 378993 | 0 | 0 |
| BNY MELLON STRATEGIC MUNS IN | COM | 05588W108 |  | 1808092 | 305421 | SH |  | SOLE |  | 305421 | 0 | 0 |
| BOLD EAGLE ACQUISITION CORP | CL A | G2003N105 |  | 4188000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| BOLD EAGLE ACQUISITION CORP | RIGHT 10/11/2029 | G2003N121 |  | 125600 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| BOREALIS FOODS INC | *W EXP 02/07/202 | 09973D113 |  | 13407 | 148800 | SH |  | SOLE |  | 0 | 0 | 0 |
| BRIDGER AEROSPACE GRP HLDGS | *W EXP 01/24/202 | 96812F110 |  | 3216 | 41500 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAL REDWOOD ACQUISITION CORP | UNIT 05/15/2030 | G17564124 |  | 1539000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CANADIAN SOLAR INC | NOTE 2.500%10/0 | 136635AG4 |  | 13842066 | 14382000 | PRN |  | SOLE |  | 14382000 | 0 | 0 |
| CANTOR EQUITY PARTNERS I INC | SHS CL A | G1827K107 |  | 1904000 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| CANTOR EQUITY PARTNERS II IN | CL A ORD SHS | G1827P106 |  | 3309000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| CANTOR EQUITY PARTNERS III I | SHS CL A | G1828A108 |  | 1318750 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| CARDLYTICS INC | NOTE 1.000% 9/1 | 14161WAB1 |  | 2880000 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| CARDLYTICS INC | NOTE 4.250% 4/0 | 14161WAD7 |  | 7082250 | 17750000 | PRN |  | SOLE |  | 17750000 | 0 | 0 |
| CARNIVAL PLC | ADS | 14365C103 |  | 10704175 | 419607 | SH |  | SOLE |  | 419607 | 0 | 0 |
| CARTESIAN GROWTH CORP III | UNIT 02/28/2032 | G19307118 |  | 5571500 | 550000 | SH |  | SOLE |  | 550000 | 0 | 0 |
| CAYSON ACQUISITION CORP | SHS | G1993W109 |  | 1290000 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| CAYSON ACQUISITION CORP | RIGHT 99/99/9999 | G1993W117 |  | 17500 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| CERO THERAPEUTICS HLDGS INC | *W EXP 02/13/202 | 71902K113 |  | 554 | 23250 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHAMPIONSGATE ACQUISITION CO | SHS CL A | G2124S108 |  | 1500000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CHAMPIONSGATE ACQUISITION CO | RIGHT 05/14/2030 | G2124S116 |  | 15000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CHAMPIONX CORPORATION | COM | 15872M104 |  | 81260483 | 3271356 | SH |  | SOLE |  | 3271356 | 0 | 0 |
| CHARLTON ARIA ACQUISITION CO | ORD SHS CL A | G9877L107 |  | 4101720 | 399000 | SH |  | SOLE |  | 399000 | 0 | 0 |
| CHARLTON ARIA ACQUISITION CO | RIGHT 12/31/2026 | G9877L115 |  | 59890 | 399000 | SH |  | SOLE |  | 399000 | 0 | 0 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 |  | 16898001 | 174476 | SH |  | SOLE |  | 174476 | 0 | 0 |
| CHURCHILL CAP CORP X | UNIT 05/14/2030 | G2130T124 |  | 2060140 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| CID HOLDCO INC | *W EXP 12/31/202 | 171756117 |  | 1837 | 23250 | SH |  | SOLE |  | 0 | 0 | 0 |
| CLASSOVER HLDGS INC | *W EXP 04/03/203 | 182744110 |  | 6185 | 46500 | SH |  | SOLE |  | 0 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 |  | 3783176 | 3233484 | SH |  | SOLE |  | 3233484 | 0 | 0 |
| CO2 ENERGY TRANSITION CORP | COM | 12664M103 |  | 3927300 | 390000 | SH |  | SOLE |  | 390000 | 0 | 0 |
| CO2 ENERGY TRANSITION CORP | RIGHT 10/15/2028 | 12664M129 |  | 68250 | 390000 | SH |  | SOLE |  | 390000 | 0 | 0 |
| CO2 ENERGY TRANSITION CORP | *W EXP 08/17/202 | 12664M111 |  | 35100 | 390000 | SH |  | SOLE |  | 0 | 0 | 0 |
| COHEN CIRCLE ACQUISITION COR | SHS CL A | G3730H106 |  | 4388000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| COHEN CIRCLE ACQUISITION COR | *W EXP 01/31/202 | G3730H114 |  | 300000 | 150000 | SH |  | SOLE |  | 0 | 0 | 0 |
| COINBASE GLOBAL INC | NOTE 0.250% 4/0 | 19260QAF4 |  | 102801598 | 78745000 | PRN |  | SOLE |  | 78745000 | 0 | 0 |
| COINBASE GLOBAL INC | NOTE 0.500% 6/0 | 19260QAB3 |  | 36852795 | 31921000 | PRN |  | SOLE |  | 31921000 | 0 | 0 |
| COINCHECK GROUP NV | *W EXP 12/11/202 | N20967100 |  | 43569 | 50079 | SH |  | SOLE |  | 0 | 0 | 0 |
| COLLEGIUM PHARMACEUTICAL INC | NOTE 2.875% 2/1 | 19459JAC8 |  | 38788300 | 36200000 | PRN |  | SOLE |  | 36200000 | 0 | 0 |
| COLUMBUS ACQUISITION CORP | SHS | G2295P107 |  | 1520430 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| COLUMBUS ACQUISITION CORP | RIGHT 09/30/2025 | G2295P115 |  | 27632 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| COLUMBUS CIRCLE CAP CORP. I | *W EXP 05/16/203 | G2296A117 |  | 124500 | 75000 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMMUNITY HEALTH SYS INC NEW | COM | 203668108 |  | 7259292 | 2135086 | SH |  | SOLE |  | 2135086 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 11211754 | 842989 | SH |  | SOLE |  | 842989 | 0 | 0 |
| COPLEY ACQUISITION CORP | ORD SHS CL A | G24243100 |  | 3021000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| COPLEY ACQUISITION CORP | *W EXP 99/99/999 | G24243126 |  | 25140 | 150000 | SH |  | SOLE |  | 0 | 0 | 0 |
| CRANE HBR ACQUISITION CORP | CL A | G24979109 |  | 2265750 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| CRANE HBR ACQUISITION CORP | RIGHT 04/17/2030 | G24979117 |  | 60750 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| CRITICAL METALS CORP | *W EXP 02/27/202 | G2662B111 |  | 31820 | 69750 | SH |  | SOLE |  | 0 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 279369 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| CYCURION INC | *W EXP 02/13/203 | 95758L115 |  | 9870 | 164500 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIGIASIA CORP | *W EXP 04/02/202 | G27617110 |  | 5798 | 116194 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIGITAL ASSET ACQUISITION CO | SHS CL A | G2868C103 |  | 4192000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| DIGITAL ASSET ACQUISITION CO | *W EXP 04/01/203 | G2868C111 |  | 170000 | 200000 | SH |  | SOLE |  | 0 | 0 | 0 |
| DISTOKEN ACQUISITION CORP | RIGHT 99/99/9999 | G27740136 |  | 29000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| DISTOKEN ACQUISITION CORP | *W EXP 11/30/202 | G27740102 |  | 12000 | 100000 | SH |  | SOLE |  | 0 | 0 | 0 |
| DRUGS MADE IN AMER ACQUTN CO | ORD SHS | G2847J104 |  | 4080000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| DRUGS MADE IN AMER ACQUTN CO | RIGHT 10/15/2029 | G2847J112 |  | 48080 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| DT CLOUD ACQUISITION CORP | RIGHT 02/14/2029 | G28524133 |  | 18242 | 107306 | SH |  | SOLE |  | 107306 | 0 | 0 |
| DT CLOUD STAR ACQUISITION CO | SHS | G2853N106 |  | 519000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| DT CLOUD STAR ACQUISITION CO | RIGHT 07/09/2029 | G2853N114 |  | 6105 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| DUNE ACQUISITION CORP II | SHS CL A | G2867S109 |  | 4020000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| DUNE ACQUISITION CORP II | *W EXP 04/04/203 | G2867S117 |  | 57000 | 300000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ECD AUTOMOTIVE DESIGN INC | *W EXP 12/12/202 | 27877D112 |  | 2151 | 90000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ECHOSTAR CORP | NOTE 3.875%11/3 | 278768AB2 |  | 46634989 | 39605086 | PRN |  | SOLE |  | 39605086 | 0 | 0 |
| EGH ACQUISITION CORP. | UNIT 99/99/9999 | G2946P126 |  | 1528500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| ELECTRA BATTERY MATERIALS CO | COM | 28474P706 |  | 322610 | 296965 | SH |  | SOLE |  | 296965 | 0 | 0 |
| ENCORE CAP GROUP INC | NOTE 3.250%10/0 | 292554AM4 |  | 7873472 | 7550000 | PRN |  | SOLE |  | 7550000 | 0 | 0 |
| ENCORE CAP GROUP INC | NOTE 4.000% 3/1 | 292554AP7 |  | 47418140 | 50512000 | PRN |  | SOLE |  | 50512000 | 0 | 0 |
| ENGENE HOLDINGS INC | *W EXP 10/31/202 | 29286M113 |  | 25420 | 31000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ENVOY MEDICAL INC | *W EXP 09/29/202 | 29415V117 |  | 6142 | 174000 | SH |  | SOLE |  | 0 | 0 | 0 |
| EON RESOURCES INC | *W EXP 02/04/202 | 40472A128 |  | 3641 | 71250 | SH |  | SOLE |  | 0 | 0 | 0 |
| EQV VENTURES ACQUISITION COR | CL A ORD SHS | G3106N109 |  | 3153000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| EQV VENTURES ACQUISITION COR | *W EXP 07/01/203 | G3106N117 |  | 73398 | 99997 | SH |  | SOLE |  | 0 | 0 | 0 |
| ESTRELLA IMMUNOPHARMA INC | *W EXP 09/29/202 | 297584112 |  | 2009 | 42293 | SH |  | SOLE |  | 0 | 0 | 0 |
| EVERGY INC | NOTE 4.500%12/1 | 30034WAD8 |  | 26313750 | 22500000 | PRN |  | SOLE |  | 22500000 | 0 | 0 |
| FACT II ACQUISITION CORP | ORD SHS CL A | G32901103 |  | 2572500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| FACT II ACQUISITION CORP | *W EXP 11/26/203 | G32901129 |  | 37500 | 125000 | SH |  | SOLE |  | 0 | 0 | 0 |
| FARO TECHNOLOGIES INC | NOTE 5.500% 2/0 | 311642AB8 |  | 2409993 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| FARO TECHNOLOGIES INC | COM | 311642102 |  | 357157 | 8132 | SH |  | SOLE |  | 8132 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | ORD SHS CL A | G3415K101 |  | 7612500 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | RIGHT 02/21/2030 | G3415K135 |  | 210975 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| FIGX CAP ACQUISITION CORP. | UNIT 06/17/2030 | G3473K126 |  | 1502250 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| FIVE9 INC | NOTE 1.000% 3/1 | 338307AF8 |  | 6363693 | 7302000 | PRN |  | SOLE |  | 7302000 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 4975972 | 95052 | SH |  | SOLE |  | 95052 | 0 | 0 |
| FLYEXCLUSIVE INC | *W EXP 99/99/999 | 343928115 |  | 5042 | 50422 | SH |  | SOLE |  | 0 | 0 | 0 |
| FOLD HLDGS INC | *W EXP 02/14/203 | 29103K118 |  | 33015 | 46500 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 |  | 51207660 | 41230000 | PRN |  | SOLE |  | 41230000 | 0 | 0 |
| FUTURE VISION II ACQUISITION | SHS | G37068106 |  | 1042000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| FUTURE VISION II ACQUISITION | RIGHT 06/29/2029 | G37068114 |  | 19000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| GCL GLOBAL HLDGS LTD | *W EXP 02/13/203 | G3777K111 |  | 8911 | 95000 | SH |  | SOLE |  | 0 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2609213 | 53022 | SH |  | SOLE |  | 53022 | 0 | 0 |
| GENERATION ESSENTIALS GROUP | *W EXP 02/15/202 | G38268119 |  | 33333 | 83333 | SH |  | SOLE |  | 0 | 0 | 0 |
| GESHER ACQUISITION CORP. II | USD CL A ORD SHS | G3852D107 |  | 3045000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| GESHER ACQUISITION CORP. II | *W EXP 10/31/203 | G3852D115 |  | 42180 | 150000 | SH |  | SOLE |  | 0 | 0 | 0 |
| GIGCAPITAL7 CORP | ORD SHS CL A | G38648104 |  | 7888800 | 760000 | SH |  | SOLE |  | 760000 | 0 | 0 |
| GIGCAPITAL7 CORP | *W EXP 08/29/202 | G38648120 |  | 120675 | 804500 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X FDS | GLBX MSCI COLUM | 37954Y327 |  | 1098804 | 38100 | SH |  | SOLE |  | 38100 | 0 | 0 |
| GOLD ROYALTY CORP | *W EXP 05/31/202 | 38071H122 |  | 12611 | 36032 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 6734589 | 649430 | SH |  | SOLE |  | 649430 | 0 | 0 |
| GOSSAMER BIO INC | NOTE 5.000% 6/0 | 38341PAA0 |  | 3385886 | 6504000 | PRN |  | SOLE |  | 6504000 | 0 | 0 |
| GRAF GLOBAL CORP | ORD SHS CL A | G4036C106 |  | 2615000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| GRAF GLOBAL CORP | *W EXP 05/31/203 | G4036C122 |  | 36275 | 125000 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRIFOLS S A | SP ADR REP B NVT | 398438408 |  | 23698071 | 2621468 | SH |  | SOLE |  | 2621468 | 0 | 0 |
| GROUPON INC | NOTE 6.250% 3/1 | 399473AH0 |  | 8778373 | 6300000 | PRN |  | SOLE |  | 6300000 | 0 | 0 |
| GULFPORT ENERGY CORP | COMMON SHARES | 402635502 |  | 22219025 | 110449 | SH |  | SOLE |  | 110449 | 0 | 0 |
| HAYMAKER ACQUISITION CORP IV | CLASS A | G4375F108 |  | 555000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| HAYMAKER ACQUISITION CORP IV | *W EXP 05/31/202 | G4375F116 |  | 9000 | 25000 | SH |  | SOLE |  | 0 | 0 | 0 |
| HCM II ACQUISITION CORP | SHS CL A | G43658106 |  | 3539945 | 318914 | SH |  | SOLE |  | 318914 | 0 | 0 |
| HCM II ACQUISITION CORP | *W EXP 99/99/999 | G43658122 |  | 470000 | 200000 | SH |  | SOLE |  | 0 | 0 | 0 |
| HEICO CORP NEW | CL A | 422806208 |  | 30779348 | 118954 | SH |  | SOLE |  | 118954 | 0 | 0 |
| HENNESSY CAP INVT CORP VII | ORD SHS CL A | G4405D107 |  | 2032000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| HENNESSY CAP INVT CORP VII | RIGHT 01/17/2030 | G4405D115 |  | 66000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| HERBALIFE LTD | NOTE 4.250% 6/1 | 42703MAF0 |  | 26761755 | 29571000 | PRN |  | SOLE |  | 29571000 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 8361400 | 970000 | SH | Put | SOLE |  | 970000 | 0 | 0 |
| HERTZ CORP | NOTE 8.000% 7/1 | 428040DE6 |  | 6525000 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 10721051 | 1569700 | SH | Put | SOLE |  | 1569700 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 11591503 | 83669 | SH |  | SOLE |  | 83669 | 0 | 0 |
| HOLLEY INC | *W EXP 11/30/202 | 43538H111 |  | 3902 | 79311 | SH |  | SOLE |  | 0 | 0 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097109 |  | 401574 | 146560 | SH |  | SOLE |  | 146560 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 |  | 11945365 | 319908 | SH |  | SOLE |  | 319908 | 0 | 0 |
| INFLECTION PT ACQUISITION CO | UNIT 03/01/2027 | G47875128 |  | 3151500 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| INFORMATICA INC | COM CL A | 45674M101 |  | 49917524 | 2050001 | SH |  | SOLE |  | 2050001 | 0 | 0 |
| INNOVATE CORP | NOTE 7.500% 8/0 | 404139AG2 |  | 3354123 | 6887000 | PRN |  | SOLE |  | 6887000 | 0 | 0 |
| IRON HORSE ACQUISITIONS CORP | RIGHT 99/99/9999 | 462837121 |  | 74760 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| IRON HORSE ACQUISITIONS CORP | *W EXP 99/99/999 | 462837113 |  | 9000 | 150000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 122420000 | 2000000 | SH | Put | SOLE |  | 2000000 | 0 | 0 |
| ISHARES INC | MSCI CHILE ETF | 464286640 |  | 1792650 | 57000 | SH |  | SOLE |  | 57000 | 0 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 1922780 | 31750 | SH |  | SOLE |  | 31750 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 5045288 | 174880 | SH |  | SOLE |  | 174880 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 36760000 | 1000000 | SH | Put | SOLE |  | 1000000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 75526500 | 350000 | SH | Put | SOLE |  | 350000 | 0 | 0 |
| JACKSON ACQUISITION CO II | COM SHS CL A | G4992A110 |  | 1802500 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | G4992A136 |  | 49000 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| JD.COM INC | NOTE 0.250% 6/0 | 47215PAJ5 |  | 28613750 | 27500000 | PRN |  | SOLE |  | 27500000 | 0 | 0 |
| JENA ACQUISITION CORP II | UNIT 99/99/9999 | G5093B121 |  | 1542000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 |  | 5287500 | 1250000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| K GROWTH ACQUISITION CORP | SHS CL A | G52258111 |  | 2290500 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| K GROWTH ACQUISITION CORP | RIGHT 08/29/2031 | G52258129 |  | 35933 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| KEEN VISION ACQUISITION CORP | *W EXP 03/15/202 | G52443127 |  | 4050 | 75000 | SH |  | SOLE |  | 0 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 30527272 | 383846 | SH |  | SOLE |  | 383846 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 1330300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 2459310 | 290013 | SH |  | SOLE |  | 290013 | 0 | 0 |
| LAKESHORE ACQUISITION III CO | USD ORD SHS | G5353S103 |  | 2189851 | 218500 | SH |  | SOLE |  | 218500 | 0 | 0 |
| LAKESHORE ACQUISITION III CO | RIGHT 04/30/2025 | G5353S137 |  | 43700 | 218500 | SH |  | SOLE |  | 218500 | 0 | 0 |
| LAKESHORE BIOPHARMA CO LTD | *W EXP 03/15/202 | G9845F117 |  | 4988 | 125000 | SH |  | SOLE |  | 0 | 0 | 0 |
| LAUNCH ONE ACQUISITION CORP | SHS CLASS A | G5S86M100 |  | 2603750 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| LAUNCH ONE ACQUISITION CORP | *W EXP 06/01/203 | G5S86M126 |  | 69004 | 255571 | SH |  | SOLE |  | 0 | 0 | 0 |
| LAUNCH TWO ACQUISITION CORP. | ORD SHS CL A | G5S87A105 |  | 3647000 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| LAUNCH TWO ACQUISITION CORP. | *W EXP 10/09/202 | G5S87A113 |  | 80868 | 175000 | SH |  | SOLE |  | 0 | 0 | 0 |
| LI AUTO INC | NOTE 0.250% 5/0 | 50202MAB8 |  | 6522308 | 5500000 | PRN |  | SOLE |  | 5500000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 34048794 | 348076 | SH |  | SOLE |  | 348076 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 136217735 | 1384608 | SH |  | SOLE |  | 1384608 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | DEB 3.750% 2/1 | 530715AL5 |  | 4366300 | 43663000 | PRN |  | SOLE |  | 43663000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | DEB 4.000%11/1 | 530715AG6 |  | 2180900 | 21809000 | PRN |  | SOLE |  | 21809000 | 0 | 0 |
| LIGHTWAVE ACQUISITION CORP | UNIT 06/06/2030 | G5490M118 |  | 1257500 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| LIONHEART HOLDINGS | SHS CL A | G5501C109 |  | 1050000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| LIONHEART HOLDINGS | *W EXP 06/07/203 | G5501C117 |  | 17005 | 50000 | SH |  | SOLE |  | 0 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 |  | 299831 | 142100 | SH |  | SOLE |  | 142100 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 18834000 | 4300000 | SH | Put | SOLE |  | 4300000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 21733167 | 18500000 | PRN |  | SOLE |  | 18500000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 1.500%12/1 | 55024UAH2 |  | 75819307 | 49442000 | PRN |  | SOLE |  | 49442000 | 0 | 0 |
| LUMINAR TECHNOLOGIES INC | DEBT 11.500% 1/1 | 550424AE5 |  | 8541991 | 18753000 | PRN |  | SOLE |  | 18753000 | 0 | 0 |
| M3BRIGADE ACQUISITION V CORP | CL A | G63212107 |  | 1241900 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| M3BRIGADE ACQUISITION V CORP | *W EXP 99/99/999 | G63212115 |  | 131250 | 75000 | SH |  | SOLE |  | 0 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | NOTE 0.250% 3/1 | 55405YAB6 |  | 9074000 | 5200000 | PRN |  | SOLE |  | 5200000 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 20093920 | 1281500 | SH | Put | SOLE |  | 1281500 | 0 | 0 |
| MAYWOOD ACQUISITION CORP | ORD SHS CL A | G6001J107 |  | 1261250 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| MAYWOOD ACQUISITION CORP | RIGHT 99/99/9999 | G6001J131 |  | 34000 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| MBIA INC | COM | 55262C100 |  | 1376240 | 317106 | SH |  | SOLE |  | 317106 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 6465000 | 1500000 | SH | Put | SOLE |  | 1500000 | 0 | 0 |
| MERCER INTL INC | COM | 588056101 |  | 1537981 | 439423 | SH |  | SOLE |  | 439423 | 0 | 0 |
| MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 |  | 1730214 | 483300 | SH |  | SOLE |  | 483300 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 5548139 | 161330 | SH |  | SOLE |  | 161330 | 0 | 0 |
| MICROSTRATEGY INC | NOTE 0.875% 3/1 | 594972AL5 |  | 24679412 | 13096000 | PRN |  | SOLE |  | 13096000 | 0 | 0 |
| MICROSTRATEGY INC | NOTE 2.250% 6/1 | 594972AN1 |  | 239334750 | 111500000 | PRN |  | SOLE |  | 111500000 | 0 | 0 |
| MOBIX LABS INC | *W EXP 99/99/999 | 60743G118 |  | 9291 | 93000 | SH |  | SOLE |  | 0 | 0 | 0 |
| MOUNTAIN LAKE ACQUISITION CO | SHS CL A | G6301B101 |  | 3078000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| MOUNTAIN LAKE ACQUISITION CO | RIGHT 11/15/2028 | G6301B127 |  | 51000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 72344469 | 484850 | SH |  | SOLE |  | 484850 | 0 | 0 |
| MULTISENSOR AI HOLDINGS INC | *W EXP 12/19/202 | 456948116 |  | 3128 | 96838 | SH |  | SOLE |  | 0 | 0 | 0 |
| MURANO GLOBAL INVTS PLC | *W EXP 03/19/202 | G63369113 |  | 4583 | 23500 | SH |  | SOLE |  | 0 | 0 | 0 |
| NABORS INDS INC | NOTE 1.750% 6/1 | 62957HAL9 |  | 17114315 | 29894000 | PRN |  | SOLE |  | 29894000 | 0 | 0 |
| NABORS INDUSTRIES LTD | SHS | G6359F137 |  | 364148 | 12996 | SH |  | SOLE |  | 12996 | 0 | 0 |
| NATIONAL CINEMEDIA INC | COM NEW | 635309206 |  | 6017897 | 1242084 | SH |  | SOLE |  | 1242084 | 0 | 0 |
| NEW ERA HELIUM INC | *W EXP 12/10/202 | 64428N117 |  | 3240 | 34875 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 1328000 | 400000 | SH | Put | SOLE |  | 400000 | 0 | 0 |
| NEW HORIZON AIRCRAFT LTD | *W EXP 02/14/202 | 64550A115 |  | 28920 | 100000 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEW PROVIDENCE ACQUISITION C | USD CL A ORD SHS | G6476A102 |  | 5100000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| NEW PROVIDENCE ACQUISITION C | *W EXP 04/24/203 | G6476A110 |  | 104166 | 166666 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEWBURY STR II ACQUISITION C | ORD SHS CL A | G6439S109 |  | 3858750 | 375000 | SH |  | SOLE |  | 375000 | 0 | 0 |
| NEWBURY STR II ACQUISITION C | *W EXP 06/01/203 | G6439S117 |  | 46875 | 187500 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEWHOLD INVT CORP III | ORD SHS CL A | G6486E102 |  | 2542500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| NEWHOLD INVT CORP III | *W EXP 01/30/203 | G6486E110 |  | 40738 | 125000 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEXTERA ENERGY CAP HLDGS INC | NOTE 3.000% 3/0 | 65339KCY4 |  | 16193154 | 14242000 | PRN |  | SOLE |  | 14242000 | 0 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 |  | 551745 | 36299 | SH |  | SOLE |  | 36299 | 0 | 0 |
| NIO INC | NOTE 4.625%10/1 | 62914VAK2 |  | 18224025 | 28950000 | PRN |  | SOLE |  | 28950000 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 1715000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 9692954 | 365083 | SH |  | SOLE |  | 365083 | 0 | 0 |
| NOVAVAX INC | NOTE 5.000%12/1 | 670002AD6 |  | 27455156 | 27750000 | PRN |  | SOLE |  | 27750000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 15799000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| NVNI GROUP LIMITED | *W EXP 11/01/202 | G50716110 |  | 8382 | 162750 | SH |  | SOLE |  | 0 | 0 | 0 |
| OAK WOODS ACQUISITION CORP | RIGHT 03/23/2028 | 67190B120 |  | 14831 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |
| OAK WOODS ACQUISITION CORP | *W EXP 99/99/999 | 67190B112 |  | 2040 | 68000 | SH |  | SOLE |  | 0 | 0 | 0 |
| OAKTREE ACQUISITION CORP III | SHS CL A | G6717R104 |  | 2612500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| OAKTREE ACQUISITION CORP III | *W EXP 09/01/203 | G6717R112 |  | 43750 | 50000 | SH |  | SOLE |  | 0 | 0 | 0 |
| OATLY GROUP AB | NOTE 9.250% 9/1 | 67421JAC2 |  | 7968607 | 11524806 | PRN |  | SOLE |  | 11524806 | 0 | 0 |
| OFFICE PPTYS INCOME TR | COM SHS BEN INT | 67623C109 |  | 71926 | 291197 | SH |  | SOLE |  | 291197 | 0 | 0 |
| OMEROS CORP | NOTE 9.500% 6/1 | 682143AK8 |  | 10964755 | 14273000 | PRN |  | SOLE |  | 14273000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 5/0 | 682189AS4 |  | 30781400 | 26000000 | PRN |  | SOLE |  | 26000000 | 0 | 0 |
| ONEMEDNET CORP | *W EXP 11/07/202 | 68270C111 |  | 1342 | 49700 | SH |  | SOLE |  | 0 | 0 | 0 |
| OXLEY BRIDGE ACQ LTD | UNIT 06/17/2030 | G6858G123 |  | 1001000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| OYSTER ENTERPRISES II ACQUIS | UNIT 05/22/2030 | G6861F120 |  | 2530000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 1847099 | 143186 | SH |  | SOLE |  | 143186 | 0 | 0 |
| PDD HOLDINGS INC | NOTE 12/0 | 722304AC6 |  | 7780000 | 8000000 | PRN |  | SOLE |  | 8000000 | 0 | 0 |
| PELICAN ACQUISITION CORP | UNIT 05/13/2030 | G6993G129 |  | 1524000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 209100 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| PIMCO CALIF MUN INCOME FD II | COM | 72200M108 |  | 801416 | 149518 | SH |  | SOLE |  | 149518 | 0 | 0 |
| PIMCO NEW YORK MUN FD II | COM | 72200Y102 |  | 310410 | 46192 | SH |  | SOLE |  | 46192 | 0 | 0 |
| PIMCO NEW YORK MUN INCOME FD | COM | 72200T103 |  | 315689 | 45163 | SH |  | SOLE |  | 45163 | 0 | 0 |
| PIMCO NEW YORK MUN INCOME FD | COM | 72201E105 |  | 174864 | 33371 | SH |  | SOLE |  | 33371 | 0 | 0 |
| PINNACLE WEST CAP CORP | NOTE 4.750% 6/1 | 723484AK7 |  | 41966250 | 38750000 | PRN |  | SOLE |  | 38750000 | 0 | 0 |
| PIONEER ACQUISITION I CORP | UNIT 06/16/2030 | G7117W123 |  | 3001500 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| PLUM ACQUISITION CORP IV | SHS CL A | G7134A104 |  | 1028000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| PLUM ACQUISITION CORP IV | *W EXP 08/19/202 | G7134A120 |  | 12000 | 50000 | SH |  | SOLE |  | 0 | 0 | 0 |
| PROCAP ACQUISITION CORP | UNIT 05/16/2030 | G7257A113 |  | 753412 | 70281 | SH |  | SOLE |  | 70281 | 0 | 0 |
| PTC THERAPEUTICS INC | NOTE 1.500% 9/1 | 69366JAD3 |  | 21885625 | 19000000 | PRN |  | SOLE |  | 19000000 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | NOTE 7.250% 8/1 | 74623VAB9 |  | 16980288 | 13606000 | PRN |  | SOLE |  | 13606000 | 0 | 0 |
| RANGE CAP ACQUISITION CORP | ORD SHS | G7375C108 |  | 2550000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| RANGE CAP ACQUISITION CORP | RIGHT 99/99/9999 | G7375C116 |  | 62500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| REAL ASSET ACQUISITION CORP | SHS CL A | G73944103 |  | 5075000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| REAL ASSET ACQUISITION CORP | *W EXP 04/24/203 | G73944111 |  | 115000 | 250000 | SH |  | SOLE |  | 0 | 0 | 0 |
| REAL MESSENGER CORP. | *W EXP 11/19/202 | G7410G114 |  | 3341 | 74400 | SH |  | SOLE |  | 0 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | SHS CL A | G7490F101 |  | 944000 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | *W EXP 05/15/203 | G7490F127 |  | 142800 | 70000 | SH |  | SOLE |  | 0 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | USD CL A ORD SHS | G7515A103 |  | 3078000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | *W EXP 05/01/203 | G7515A129 |  | 108000 | 150000 | SH |  | SOLE |  | 0 | 0 | 0 |
| REZOLVE AI PLC | *W EXP 08/15/202 | G75398118 |  | 37195 | 46500 | SH |  | SOLE |  | 0 | 0 | 0 |
| RIBBON ACQUISITION CORP | ORD SHS CL A | G7552W109 |  | 1263750 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| RIBBON ACQUISITION CORP | RIGHT 12/31/2026 | G7552W117 |  | 25881 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| RITHM ACQUISITION CORP | CL A | G75751100 |  | 4076000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| RITHM ACQUISITION CORP | *W EXP 99/99/999 | G75751118 |  | 65320 | 133333 | SH |  | SOLE |  | 0 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 |  | 53554221 | 59737000 | PRN |  | SOLE |  | 59737000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 20009562 | 1456300 | SH | Put | SOLE |  | 1456300 | 0 | 0 |
| ROADZEN INC | *W EXP 11/30/202 | G7606H116 |  | 950 | 18600 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROMAN DBDR ACQUISITION CORP | ORD SHS CL A | G7633M104 |  | 4124000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| ROMAN DBDR ACQUISITION CORP | *W EXP 10/31/203 | G7633M112 |  | 100000 | 200000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ROYALTY MGMT HLDG CORP | *W EXP 05/28/202 | 02369M110 |  | 1793 | 81519 | SH |  | SOLE |  | 0 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 |  | 1433226 | 9014 | SH |  | SOLE |  | 9014 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 3160000 | 1000000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | NOTE 1.250% 9/1 | 803607AD2 |  | 40852000 | 56000000 | PRN |  | SOLE |  | 56000000 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 |  | 12219660 | 714600 | SH | Put | SOLE |  | 714600 | 0 | 0 |
| SBC MED GROUP HLDGS INC | *W EXP 09/17/202 | 73245B115 |  | 6759 | 35000 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCAGE FUTURE | *W EXP 05/15/203 | G7840J118 |  | 3352 | 41850 | SH |  | SOLE |  | 0 | 0 | 0 |
| SEA LTD | NOTE 2.375%12/0 | 81141RAF7 |  | 64114979 | 36095000 | PRN |  | SOLE |  | 36095000 | 0 | 0 |
| SEMTECH CORP | NOTE 1.625%11/0 | 816850AF8 |  | 20131095 | 14000000 | PRN |  | SOLE |  | 14000000 | 0 | 0 |
| SERVICE PPTYS TR | COM SH BEN INT | 81761L102 |  | 2987500 | 1250000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SERVICE PPTYS TR | COM SH BEN INT | 81761L102 |  | 8965605 | 3751299 | SH |  | SOLE |  | 3751299 | 0 | 0 |
| SIM ACQUISITION CORP. I | SHS CL A | G8431T101 |  | 5211050 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| SIM ACQUISITION CORP. I | *W EXP 06/01/203 | G8431T119 |  | 68425 | 250000 | SH |  | SOLE |  | 0 | 0 | 0 |
| SIMPLIFY EXCHANGE TRADED FUN | MBS ETF | 82889N525 |  | 566318 | 11306 | SH |  | SOLE |  | 11306 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 3949531 | 171943 | SH |  | SOLE |  | 171943 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 |  | 13262659 | 721581 | SH |  | SOLE |  | 721581 | 0 | 0 |
| SIZZLE ACQUISITION CORP. II | USD CL A ORD SHS | G8193F109 |  | 6532500 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| SIZZLE ACQUISITION CORP. II | RIGHT 04/02/2030 | G8193F133 |  | 130000 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| SOULPOWER ACQUISITION CORP | USD CL A ORD SHS | G82745103 |  | 6526000 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | G82745137 |  | 130000 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 |  | 25300253 | 23000000 | PRN |  | SOLE |  | 23000000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 525172500 | 850000 | SH | Put | SOLE |  | 850000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 123570000 | 200000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 18870000 | 150000 | SH | Put | SOLE |  | 150000 | 0 | 0 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 4139197 | 32903 | SH |  | SOLE |  | 32903 | 0 | 0 |
| SPHERE ENTERTAINMENT CO | NOTE 3.500%12/0 | 55826TAB8 |  | 90396750 | 64500000 | PRN |  | SOLE |  | 64500000 | 0 | 0 |
| SPIRIT AVIATION HLDGS INC | COM | 84863V101 |  | 61677 | 12182 | SH |  | SOLE |  | 12182 | 0 | 0 |
| SPRING VALLEY ACQUISTN CORP | *W EXP 02/25/202 | G83752116 |  | 64997 | 464261 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPRINGWORKS THERAPEUTICS INC | COM | 85205L107 |  | 37366025 | 795191 | SH |  | SOLE |  | 795191 | 0 | 0 |
| STELLAR V CAP CORP | SHS CL A | G8475V103 |  | 4088000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| STELLAR V CAP CORP | *W EXP 10/15/202 | G8475V111 |  | 54000 | 200000 | SH |  | SOLE |  | 0 | 0 | 0 |
| SUNRUN INC | NOTE 4.000% 3/0 | 86771WAD7 |  | 31501305 | 44550000 | PRN |  | SOLE |  | 44550000 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 7873250 | 962500 | SH | Put | SOLE |  | 962500 | 0 | 0 |
| SYNTEC OPTICS HLDGS INC | *W EXP 99/99/999 | 87169M113 |  | 6061 | 69750 | SH |  | SOLE |  | 0 | 0 | 0 |
| TAMBORAN RES CORP | COM | 87507T101 |  | 1194389 | 56022 | SH |  | SOLE |  | 56022 | 0 | 0 |
| TAVIA ACQUISITION CORP | SHS | G86880104 |  | 3075000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| TAVIA ACQUISITION CORP | RIGHT 11/26/2029 | G86880146 |  | 49500 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| TEADS HLDG CO | COM | 69002R103 |  | 1240000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 5882559 | 350988 | SH |  | SOLE |  | 350988 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 5282640 | 30015 | SH |  | SOLE |  | 30015 | 0 | 0 |
| TEVOGEN BIO HLDGS INC | *W EXP 02/14/202 | 88165K119 |  | 6032 | 86292 | SH |  | SOLE |  | 0 | 0 | 0 |
| THAYER VENTURES ACQ CORP II | UNIT 05/15/2030 | G87890128 |  | 2032000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| TITAN ACQUISITION CORP | CL A | G8901A103 |  | 8064000 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| TITAN ACQUISITION CORP | *W EXP 05/16/203 | G8901A111 |  | 148000 | 400000 | SH |  | SOLE |  | 0 | 0 | 0 |
| TPI COMPOSITES INC | NOTE 5.250% 3/1 | 87266JAB0 |  | 1734896 | 29912000 | PRN |  | SOLE |  | 29912000 | 0 | 0 |
| TRANSLATIONAL DEV ACQUISITIO | COM CL A | G9008W105 |  | 3132350 | 305000 | SH |  | SOLE |  | 305000 | 0 | 0 |
| TRANSLATIONAL DEV ACQUISITIO | *W EXP 12/18/202 | G9008W113 |  | 38186 | 152500 | SH |  | SOLE |  | 0 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 2590000 | 1000000 | SH | Put | SOLE |  | 1000000 | 0 | 0 |
| TRIP COM GROUP LTD | NOTE 0.750% 6/1 | 89677QAB3 |  | 32730250 | 29500000 | PRN |  | SOLE |  | 29500000 | 0 | 0 |
| TRIPLE FLAG PRECIOUS METAL | COM | 89679M104 |  | 57098748 | 2410057 | SH |  | SOLE |  | 2410057 | 0 | 0 |
| TWO HARBORS INVENTMENT CORPO | NOTE 6.250% 1/1 | 90187BAB7 |  | 9102699 | 9279000 | PRN |  | SOLE |  | 9279000 | 0 | 0 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 28708211 | 23359000 | PRN |  | SOLE |  | 23359000 | 0 | 0 |
| UPSTART HLDGS INC | NOTE 0.250% 8/1 | 91680MAB3 |  | 7185780 | 7604000 | PRN |  | SOLE |  | 7604000 | 0 | 0 |
| VALARIS LTD | CL A | G9460G101 |  | 19333164 | 459111 | SH |  | SOLE |  | 459111 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 |  | 103630500 | 450000 | SH | Put | SOLE |  | 450000 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 |  | 9211600 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| VEEA INC | *W EXP 09/13/202 | 693489114 |  | 1863 | 13700 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERDE CLEAN FUELS INC | *W EXP 02/15/202 | 923372114 |  | 30336 | 177090 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERITONE INC | NOTE 1.750%11/1 | 92347MAB6 |  | 3136500 | 7650000 | PRN |  | SOLE |  | 7650000 | 0 | 0 |
| VICTORIAS SECRET AND CO | COMMON STOCK | 926400102 |  | 1210097 | 65340 | SH |  | SOLE |  | 65340 | 0 | 0 |
| VINE HILL CAP INVT CORP. | ORD SHS CL A | G93Y09107 |  | 2756000 | 265000 | SH |  | SOLE |  | 265000 | 0 | 0 |
| VINE HILL CAP INVT CORP. | *W EXP 07/01/203 | G93Y09115 |  | 32042 | 132500 | SH |  | SOLE |  | 0 | 0 | 0 |
| VOYAGER ACQUISITION CORP | CL A | G93A7H104 |  | 1558020 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| VOYAGER ACQUISITION CORP | *W EXP 05/16/203 | G93A7H112 |  | 58064 | 193612 | SH |  | SOLE |  | 0 | 0 | 0 |
| VSEE HEALTH INC | *W EXP 99/99/999 | 92919Y110 |  | 8254 | 232500 | SH |  | SOLE |  | 0 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 2071269 | 180739 | SH |  | SOLE |  | 180739 | 0 | 0 |
| WAYFAIR INC | NOTE 3.500%11/1 | 94419LAR2 |  | 50050006 | 37050000 | PRN |  | SOLE |  | 37050000 | 0 | 0 |
| WEBULL CORP | *W EXP 04/10/203 | G9572D111 |  | 361164 | 89397 | SH |  | SOLE |  | 0 | 0 | 0 |
| WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAP1 |  | 40325120 | 35800000 | PRN |  | SOLE |  | 35800000 | 0 | 0 |
| WEN ACQUISITION CORP | UNIT 05/16/2030 | G9R39C129 |  | 6342000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| WESTERN ASSET INTER MUNI FD | COM | 958435109 |  | 1899748 | 252626 | SH |  | SOLE |  | 252626 | 0 | 0 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 290610500 | 161900000 | PRN |  | SOLE |  | 161900000 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 |  | 1400914 | 13813 | SH |  | SOLE |  | 13813 | 0 | 0 |
| WILLOW LANE ACQUISITION CORP | ORD SHS CL A | G9675P102 |  | 4092000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| WILLOW LANE ACQUISITION CORP | *W EXP 10/31/203 | G9675P110 |  | 72000 | 200000 | SH |  | SOLE |  | 0 | 0 | 0 |
| WINTERGREEN ACQUISITION CORP | UNIT 05/21/2030 | G9717M125 |  | 1513500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| WOLFSPEED INC | NOTE 1.750% 5/0 | 225447AD3 |  | 1890653 | 7639000 | PRN |  | SOLE |  | 7639000 | 0 | 0 |
| WOLFSPEED INC | NOTE 1.875%12/0 | 977852AD4 |  | 21285000 | 86000000 | PRN |  | SOLE |  | 86000000 | 0 | 0 |
| WOLFSPEED INC | COM | 977852102 |  | 239280 | 600000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| WOLFSPEED INC | COM | 977852102 |  | 997000 | 2500000 | SH | Put | SOLE |  | 2500000 | 0 | 0 |
| XEROX HOLDINGS CORP | NOTE 3.750% 3/1 | 98421MAE6 |  | 25310500 | 44600000 | PRN |  | SOLE |  | 44600000 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 7905000 | 1500000 | SH | Put | SOLE |  | 1500000 | 0 | 0 |
| XOMETRY INC | NOTE 1.000% 2/0 | 98423FAB5 |  | 5003540 | 4954000 | PRN |  | SOLE |  | 4954000 | 0 | 0 |
| YORKVILLE ACQUISITION CORP. | UNIT 06/06/2030 | G98659108 |  | 1125000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ZEO ENERGY CORP | *W EXP 03/13/202 | 98944F117 |  | 2971 | 46500 | SH |  | SOLE |  | 0 | 0 | 0 |
| ZOOZ PWR LTD | *W EXP 04/02/202 | M2573A197 |  | 4248 | 58750 | SH |  | SOLE |  | 0 | 0 | 0 |
| ZYNEX INC | NOTE 5.000% 5/1 | 98986MAD5 |  | 15875000 | 25000000 | PRN |  | SOLE |  | 25000000 | 0 | 0 |

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