# EDGAR Filing Document

**Accession Number:** 0001714672
**File Stem:** 0001714672-25-000006
**Filing Date:** 2025-11
**Character Count:** 10108
**Document Hash:** 04a31e0f08ffabaf73a6a1aff8b26e42
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001714672-25-000006.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001714672-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fore Capital, LLC
- **CENTRAL INDEX KEY:** 0001714672

**ORGANIZATION NAME:**
- **EIN:** 821226121
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18644
- **FILM NUMBER:** 251476817

**BUSINESS ADDRESS:**
- **STREET 1:** 589 FIFTH AVENUE
- **STREET 2:** SUITE 808
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2129843850

**MAIL ADDRESS:**
- **STREET 1:** 589 FIFTH AVENUE
- **STREET 2:** SUITE 808
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Fore Capital LLC<br>**Address:** 589 FIFTH AVENUE<br>SUITE 808<br>NEW YORK, NY 10017

**Form 13F File Number:** 028-18644

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:** Ushane Sharma<br>**Title:** Authorized Signatory<br>**Phone:** 212-984-9850

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

Ushane Sharma  New York, NY  11-07-2025<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:** 61

**Form 13F Information Table Value Total:** $348454876

      (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 |
| ALIBABA GROUP HLDG LTD | NOTE  0.500% 6/0 | 01609WBG6 |  | 12876500 | 7000000 | PRN |  | SOLE | N/A | 7000000 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 580500 | 90000 | SH |  | SOLE | N/A | 90000 | 0 | 0 |
| BILL HOLDINGS INC | NOTE         4/0 | 090043AD2 |  | 716736 | 768000 | PRN |  | SOLE | N/A | 768000 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1248800 | 35000 | SH |  | SOLE | N/A | 35000 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 3032800 | 85000 | SH | Call | SOLE | N/A | 85000 | 0 | 0 |
| CHIME FINL INC | COM SHS CL A | 16935C109 |  | 403400 | 20000 | SH | Put | SOLE | N/A | 20000 | 0 | 0 |
| CHIME FINL INC | COM SHS CL A | 16935C109 |  | 484080 | 24000 | SH |  | SOLE | N/A | 24000 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 |  | 647800 | 410000 | SH |  | SOLE | N/A | 410000 | 0 | 0 |
| CYBIN INC | COM NEW | 23256X407 |  | 420670 | 71421 | SH |  | SOLE | N/A | 71421 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 1292480 | 4000 | SH |  | SOLE | N/A | 4000 | 0 | 0 |
| ENPHASE ENERGY INC | NOTE         3/0 | 29355AAK3 |  | 1737184 | 2000000 | PRN |  | SOLE | N/A | 2000000 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 |  | 1936998 | 31911 | SH |  | SOLE | N/A | 31911 | 0 | 0 |
| ETSY INC | NOTE  0.250% 6/1 | 29786AAN6 |  | 6200250 | 7000000 | PRN |  | SOLE | N/A | 7000000 | 0 | 0 |
| GLOBAL X FDS | GB MSCI AR ETF | 37950E259 |  | 279040 | 4000 | SH |  | SOLE | N/A | 4000 | 0 | 0 |
| GLOBAL X FDS | GB MSCI AR ETF | 37950E259 |  | 369728 | 5300 | SH | Put | SOLE | N/A | 5300 | 0 | 0 |
| GRAFTECH INTL LTD | COM NEW | 384313607 |  | 589720 | 46000 | SH |  | SOLE | N/A | 46000 | 0 | 0 |
| GRIFOLS S A | SP ADR REP B NVT | 398438408 |  | 298800 | 30000 | SH |  | SOLE | N/A | 30000 | 0 | 0 |
| HAEMONETICS CORP MASS | NOTE  2.500% 6/0 | 405024AD2 |  | 1855314 | 2000000 | PRN |  | SOLE | N/A | 2000000 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 546357 | 2100 | SH |  | SOLE | N/A | 2100 | 0 | 0 |
| I-80 GOLD CORP | *W EXP 11/16/202 | 44955L155 |  | 519750 | 1155000 | SH |  | SOLE | N/A | 1155000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 25815910 | 43000 | SH | Put | SOLE | N/A | 43000 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 493844 | 2600 | SH |  | SOLE | N/A | 2600 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 3900000 | 60000 | SH | Call | SOLE | N/A | 60000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 4875000 | 75000 | SH | Put | SOLE | N/A | 75000 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 15136160 | 208000 | SH |  | SOLE | N/A | 208000 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 79020050 | 1865000 | SH | Call | SOLE | N/A | 1865000 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 52773500 | 650000 | SH | Put | SOLE | N/A | 650000 | 0 | 0 |
| JD.COM INC | NOTE  0.250% 6/0 | 47215PAJ5 |  | 1615500 | 1500000 | PRN |  | SOLE | N/A | 1500000 | 0 | 0 |
| LITHIUM ARGENTINA AG | NOTE  1.750% 1/1 | 53680QAA6 |  | 2566850 | 2860000 | PRN |  | SOLE | N/A | 2860000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 303802 | 130 | SH |  | SOLE | N/A | 130 | 0 | 0 |
| MIND MEDICINE MINDMED INC | COM NEW | 60255C885 |  | 412650 | 35000 | SH |  | SOLE | N/A | 35000 | 0 | 0 |
| MIND MEDICINE MINDMED INC | COM NEW | 60255C885 |  | 1002150 | 85000 | SH | Call | SOLE | N/A | 85000 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 669760 | 3500 | SH | Call | SOLE | N/A | 3500 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 1530880 | 8000 | SH |  | SOLE | N/A | 8000 | 0 | 0 |
| NEOGENOMICS INC | NOTE  0.250% 1/1 | 64049MAB6 |  | 2595000 | 3000000 | PRN |  | SOLE | N/A | 3000000 | 0 | 0 |
| NOVAGOLD RES INC | COM NEW | 66987E206 |  | 88000 | 10000 | SH |  | SOLE | N/A | 10000 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1609210 | 29000 | SH |  | SOLE | N/A | 29000 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 1942150 | 35000 | SH | Put | SOLE | N/A | 35000 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 800500 | 50000 | SH | Put | SOLE | N/A | 50000 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 1120700 | 70000 | SH | Call | SOLE | N/A | 70000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3974154 | 21300 | SH | Put | SOLE | N/A | 21300 | 0 | 0 |
| OIL STS INTL INC | NOTE  4.750% 4/0 | 678026AK1 |  | 3003000 | 3000000 | PRN |  | SOLE | N/A | 3000000 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 481425 | 5250 | SH |  | SOLE | N/A | 5250 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 662550 | 35000 | SH | Call | SOLE | N/A | 35000 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 1419750 | 75000 | SH |  | SOLE | N/A | 75000 | 0 | 0 |
| OSISKO DEVELOPMENT CORP | *W EXP 05/27/202 | 68828E239 |  | 21450 | 15000 | SH |  | SOLE | N/A | 15000 | 0 | 0 |
| OSISKO DEVELOPMENT CORP | COM NEW | 68828E809 |  | 50850 | 15000 | SH |  | SOLE | N/A | 15000 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 1011500 | 50000 | SH |  | SOLE | N/A | 50000 | 0 | 0 |
| QFIN HOLDINGS INC | AMERICAN DEP | 88557W101 |  | 1726800 | 60000 | SH | Put | SOLE | N/A | 60000 | 0 | 0 |
| RAPID7 INC | NOTE  1.250% 3/1 | 753422AH7 |  | 2663511 | 3000000 | PRN |  | SOLE | N/A | 3000000 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 770250 | 3250 | SH |  | SOLE | N/A | 3250 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1948380 | 14000 | SH |  | SOLE | N/A | 14000 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE        12/1 | 82452JAB5 |  | 2057000 | 2000000 | PRN |  | SOLE | N/A | 2000000 | 0 | 0 |
| SHIFT4 PMTS INC | NOTE  0.500% 8/0 | 82452JAD1 |  | 986583 | 1000000 | PRN |  | SOLE | N/A | 1000000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 17773500 | 50000 | SH | Put | SOLE | N/A | 50000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 63287100 | 95000 | SH | Put | SOLE | N/A | 95000 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 4035900 | 110000 | SH |  | SOLE | N/A | 110000 | 0 | 0 |
| URANIUM RTY CORP | COM | 91702V101 |  | 258000 | 60000 | SH |  | SOLE | N/A | 60000 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 6357000 | 100000 | SH | Put | SOLE | N/A | 100000 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 815250 | 25000 | SH |  | SOLE | N/A | 25000 | 0 | 0 |
| VIZSLA SILVER CORP | COM NEW | 92859G608 |  | 842400 | 195000 | SH |  | SOLE | N/A | 195000 | 0 | 0 |

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