# EDGAR Filing Document

**Accession Number:** 0001218275
**File Stem:** 0001104659-25-111926
**Filing Date:** 2025-11
**Character Count:** 30375
**Document Hash:** 48fc56497c7350a73dbf60a405c9c59a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-111926.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001104659-25-111926

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Radcliffe Capital Management, L.P.
- **CENTRAL INDEX KEY:** 0001218275

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10367
- **FILM NUMBER:** 251481129

**BUSINESS ADDRESS:**
- **STREET 1:** 50 MONUMENT ROAD, SUITE 300
- **CITY:** BALA CYNWYD
- **STATE:** PA
- **ZIP:** 19004
- **BUSINESS PHONE:** 6106175900

**MAIL ADDRESS:**
- **STREET 1:** 50 MONUMENT ROAD, SUITE 300
- **CITY:** BALA CYNWYD
- **STATE:** PA
- **ZIP:** 19004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RG CAPITAL MANAGEMENT LP
- **DATE OF NAME CHANGE:** 20030211

### 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:** Radcliffe Capital Management L.P.<br>**Address:** 50 MONUMENT ROAD SUITE 300<br>BALA CYNWYD, PA 19004

**Form 13F File Number:** 028-10367

**CRD Number (if applicable):** 000136028

**SEC File Number (if applicable):** 801-65461

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:** Steven Katznelson<br>**Title:** Chief Investment Officer<br>**Phone:** 610-617-5900

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

/s/ Steven Katznelson  Bala Cynwyd, PA  11-14-2025<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:** 237

**Form 13F Information Table Value Total:** $1614254317

      (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 | Warrant | G6757R113 |  | 13569 | 14830 | SH |  | SOLE |  | 14830 | 0 | 0 |
| 1RT Acquisition Corp | Common Stock | G6757R105 |  | 639780 | 61223 | SH |  | SOLE |  | 61223 | 0 | 0 |
| A Paradise Acquisition Corp | Right | G04819119 |  | 371625 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| A Paradise Acquisition Corp | Common Stock | G04819101 |  | 3468500 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| A SPAC III Acquisition Corp | Common Stock | G0544A103 |  | 339876 | 32870 | SH |  | SOLE |  | 32870 | 0 | 0 |
| AA Mission Acquisition Corp | Warrant | G1000R127 |  | 6685 | 38199 | SH |  | SOLE |  | 38199 | 0 | 0 |
| AA Mission Acquisition Corp | Common Stock | G1000R101 |  | 5436484 | 516776 | SH |  | SOLE |  | 516776 | 0 | 0 |
| Agriculture  Natural Solutions Acquisition Corp | Common Stock | G0131Y100 |  | 4412637 | 404458 | SH |  | SOLE |  | 404458 | 0 | 0 |
| Airbnb Inc | Conv | 009066AB7 |  | 7604950 | 7780000 | PRN |  | SOLE |  | 4220000 | 0 | 3560000 |
| Alarm.com Holdings Inc | Conv | 011642AB1 |  | 21894000 | 22250000 | PRN |  | SOLE |  | 21520000 | 0 | 730000 |
| Alchemy Investments Acquisition Corp 1 | Warrant | G0232F133 |  | 4350 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| Aldel Financial II Inc | Common Stock | G01558108 |  | 3469734 | 332032 | SH |  | SOLE |  | 332032 | 0 | 0 |
| American Exceptionalism Acquisition Corp A | Common Stock | G0273J101 |  | 4372000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| Andretti Acquisition Corp II | Common Stock | G26745102 |  | 4989430 | 477001 | SH |  | SOLE |  | 477001 | 0 | 0 |
| Archimedes Tech SPAC Partners Co | Common Stock | G04537109 |  | 6258928 | 611522 | SH |  | SOLE |  | 611522 | 0 | 0 |
| Armada Acquisition Corp II | Warrant | G0R38G112 |  | 252802 | 267515 | SH |  | SOLE |  | 267515 | 0 | 0 |
| Armada Acquisition Corp II | Common Stock | G0R38G104 |  | 4999879 | 479191 | SH |  | SOLE |  | 479191 | 0 | 0 |
| Array Technologies Inc | Conv | 04271TAB6 |  | 13419391 | 15500000 | PRN |  | SOLE |  | 15500000 | 0 | 0 |
| Artius II Acquisition Inc | Right | G0509J123 |  | 253810 | 25006 | SH |  | SOLE |  | 25006 | 0 | 0 |
| Artius II Acquisition Inc | Common Stock | G0509J115 |  | 6597500 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| Axiom Intelligence Acquisition Corp 1 | Right | G0750N112 |  | 407167 | 40880 | SH |  | SOLE |  | 40880 | 0 | 0 |
| Axiom Intelligence Acquisition Corp 1 | Common Stock | G0750N104 |  | 4702983 | 472187 | SH |  | SOLE |  | 472187 | 0 | 0 |
| Bain Capital GSS Investment Corp | Unit | G0R78B122 |  | 1809369 | 179323 | SH |  | SOLE |  | 179323 | 0 | 0 |
| Bandwidth Inc | Conv | 05988JAD5 |  | 42365100 | 49900000 | PRN |  | SOLE |  | 49900000 | 0 | 0 |
| BERTO ACQUISITION CORP | Warrant | G1051H119 |  | 18042 | 26343 | SH |  | SOLE |  | 26343 | 0 | 0 |
| BERTO ACQUISITION CORP | Common Stock | G1051H101 |  | 3581573 | 344382 | SH |  | SOLE |  | 344382 | 0 | 0 |
| BEST SPAC I Acquisition Corp | Right | G1069P129 |  | 170850 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| BEST SPAC I Acquisition Corp | Common Stock | G1069P103 |  | 1708500 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| BILL Holdings Inc | Conv | 090043AD2 |  | 6787209 | 7302000 | PRN |  | SOLE |  | 7142000 | 0 | 160000 |
| BlackLine Inc | Conv | 09239BAF6 |  | 5185800 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| BlackLine Inc | Conv | 09239BAD1 |  | 10414008 | 10692000 | PRN |  | SOLE |  | 10532000 | 0 | 160000 |
| Bleichroeder Acquisition Corp I | Common Stock | G1169T104 |  | 9487286 | 912239 | SH |  | SOLE |  | 912239 | 0 | 0 |
| Blue Acquisition Corp | Right | G1331A116 |  | 499750 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| Blue Acquisition Corp | Common Stock | G1331A108 |  | 4789804 | 479220 | SH |  | SOLE |  | 479220 | 0 | 0 |
| Blue Water Acquisition Corp III | Warrant | G1368E114 |  | 32636 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| Blue Water Acquisition Corp III | Common Stock | G1368E106 |  | 4740500 | 475000 | SH |  | SOLE |  | 475000 | 0 | 0 |
| Bold Eagle Acquisition Corp | Common Stock | G2003N105 |  | 3327282 | 319931 | SH |  | SOLE |  | 319931 | 0 | 0 |
| BTC Development Corp | Unit | G0701G125 |  | 1540250 | 152500 | SH |  | SOLE |  | 152500 | 0 | 0 |
| Cable One Inc | Conv | 12685JAE5 |  | 33364530 | 34255000 | PRN |  | SOLE |  | 32692000 | 0 | 1563000 |
| Cal Redwood Acquisition Corp. | Right | G17564116 |  | 503439 | 50339 | SH |  | SOLE |  | 50339 | 0 | 0 |
| Cal Redwood Acquisition Corp. | Common Stock | G17564108 |  | 4690882 | 469046 | SH |  | SOLE |  | 469046 | 0 | 0 |
| Cantor Equity Partners I Inc | Common Stock | G1827K107 |  | 135729 | 12976 | SH |  | SOLE |  | 12976 | 0 | 0 |
| Cantor Equity Partners II Inc | Common Stock | G1827P106 |  | 466991 | 44433 | SH |  | SOLE |  | 44433 | 0 | 0 |
| Cantor Equity Partners III Inc | Common Stock | G1828A108 |  | 3335321 | 323190 | SH |  | SOLE |  | 323190 | 0 | 0 |
| Cantor Equity Partners IV Inc | Common Stock | G1828E100 |  | 5133739 | 504049 | SH |  | SOLE |  | 504049 | 0 | 0 |
| Cartesian Growth Corporation III | Warrant | G19307126 |  | 38986 | 145742 | SH |  | SOLE |  | 145742 | 0 | 0 |
| Cartesian Growth Corporation III | Common Stock | G19307100 |  | 5107009 | 508413 | SH |  | SOLE |  | 508413 | 0 | 0 |
| Cayson Acquisition Corp | Common Stock | G1993W109 |  | 282492 | 26904 | SH |  | SOLE |  | 26904 | 0 | 0 |
| Centurion Acquisition Corp | Common Stock | G20315100 |  | 4397187 | 416795 | SH |  | SOLE |  | 416795 | 0 | 0 |
| ChampionsGate Acquisition Corp | Right | G2124S116 |  | 364845 | 36177 | SH |  | SOLE |  | 36177 | 0 | 0 |
| ChampionsGate Acquisition Corp | Common Stock | G2124S108 |  | 2417758 | 239738 | SH |  | SOLE |  | 239738 | 0 | 0 |
| Charlton Aria Acquisition Corp | Common Stock | G9877L107 |  | 777528 | 75051 | SH |  | SOLE |  | 75051 | 0 | 0 |
| Chenghe Acquisition III Co | Unit | G2086N113 |  | 2994000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| Churchill Capital Corp IX | Common Stock | G21301109 |  | 1425123 | 135985 | SH |  | SOLE |  | 135985 | 0 | 0 |
| Churchill Capital Corp X | Common Stock | G2130T108 |  | 3651173 | 283917 | SH |  | SOLE |  | 283917 | 0 | 0 |
| CO2 Energy Transition Corp | Common Stock | 12664M103 |  | 308362 | 30291 | SH |  | SOLE |  | 30291 | 0 | 0 |
| Cohen Circle Acquisition Corp II | Warrant | G2254C113 |  | 100000 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| Cohen Circle Acquisition Corp II | Common Stock | G2254C121 |  | 5582500 | 550000 | SH |  | SOLE |  | 550000 | 0 | 0 |
| Coinbase Global Inc | Conv | 19260QAF4 |  | 7533000 | 6000000 | PRN |  | SOLE |  | 6000000 | 0 | 0 |
| Columbus Acquisition Corp | Common Stock | G2295P107 |  | 594722 | 58050 | SH |  | SOLE |  | 58050 | 0 | 0 |
| Columbus Circle Capital Corp I | Warrant | G2296A117 |  | 72506 | 62776 | SH |  | SOLE |  | 62776 | 0 | 0 |
| Columbus Circle Capital Corp I | Common Stock | G2296A109 |  | 1820892 | 179930 | SH |  | SOLE |  | 179930 | 0 | 0 |
| Copley Acquisition Corp | Warrant | G24243126 |  | 33914 | 157739 | SH |  | SOLE |  | 157739 | 0 | 0 |
| Copley Acquisition Corp | Common Stock | G24243100 |  | 5298721 | 523589 | SH |  | SOLE |  | 523589 | 0 | 0 |
| Crane Harbor Acquisition Corp | Common Stock | G24979109 |  | 5323500 | 525000 | SH |  | SOLE |  | 525000 | 0 | 0 |
| CSLM Digital Asset Acquisition Corp III Ltd | Warrant | G2584S119 |  | 91594 | 228986 | SH |  | SOLE |  | 228986 | 0 | 0 |
| CSLM Digital Asset Acquisition Corp III Ltd | Common Stock | G2584S101 |  | 4607959 | 464278 | SH |  | SOLE |  | 464278 | 0 | 0 |
| D Boral ARC Acquisition I Corp | Warrant | G2616F119 |  | 33767 | 177673 | SH |  | SOLE |  | 177673 | 0 | 0 |
| D Boral ARC Acquisition I Corp | Common Stock | G2616F101 |  | 4521616 | 455349 | SH |  | SOLE |  | 455349 | 0 | 0 |
| DexCom Inc. | Conv | 252131AM9 |  | 4557500 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| DexCom Inc. | Conv | 252131AK3 |  | 118074784 | 119027000 | PRN |  | SOLE |  | 103007000 | 0 | 16020000 |
| Digital Asset Acquisition Corp | Common Stock | G2868C103 |  | 1316222 | 129168 | SH |  | SOLE |  | 129168 | 0 | 0 |
| Dropbox Inc | Conv | 26210CAD6 |  | 5160000 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| Drugs Made In America Acquisition Corp | Right | G2847J112 |  | 3338777 | 325100 | SH |  | SOLE |  | 325100 | 0 | 0 |
| Drugs Made In America Acquisition Corp | Common Stock | G2847J104 |  | 5423587 | 528100 | SH |  | SOLE |  | 528100 | 0 | 0 |
| Drugs Made In America Acquisition II Corp | Unit | G2851K120 |  | 5718375 | 575000 | SH |  | SOLE |  | 575000 | 0 | 0 |
| Dune Acquisition Corp II | Warrant | G2867S117 |  | 44799 | 210324 | SH |  | SOLE |  | 210324 | 0 | 0 |
| Dune Acquisition Corp II | Common Stock | G2867S109 |  | 4048000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| EGH Acquisition Corp | Right | G2946P118 |  | 266678 | 26562 | SH |  | SOLE |  | 26562 | 0 | 0 |
| EGH Acquisition Corp | Common Stock | G2946P100 |  | 4808879 | 478972 | SH |  | SOLE |  | 478972 | 0 | 0 |
| Emmis Acquisition Corp | Unit | G3037D121 |  | 4742875 | 475000 | SH |  | SOLE |  | 475000 | 0 | 0 |
| Enphase Energy Inc | Conv | 29355AAK3 |  | 36929288 | 42639000 | PRN |  | SOLE |  | 42639000 | 0 | 0 |
| Enphase Energy Inc | Conv | 29355AAH0 |  | 139009696 | 142750000 | PRN |  | SOLE |  | 127140000 | 0 | 15610000 |
| EQV Ventures Acquisition Corp | Common Stock | G3106N109 |  | 4121192 | 397032 | SH |  | SOLE |  | 397032 | 0 | 0 |
| EQV Ventures Acquisition Corp II | Warrant | G3106Q128 |  | 65333 | 266665 | SH |  | SOLE |  | 266665 | 0 | 0 |
| EQV Ventures Acquisition Corp II | Common Stock | G3106Q102 |  | 8557000 | 860000 | SH |  | SOLE |  | 860000 | 0 | 0 |
| Etsy Inc | Conv | 29786AAL0 |  | 10669240 | 11600000 | PRN |  | SOLE |  | 11600000 | 0 | 0 |
| Etsy Inc | Conv | 29786AAN6 |  | 33516000 | 38000000 | PRN |  | SOLE |  | 38000000 | 0 | 0 |
| Fact II Acquisition Corp | Common Stock | G32901103 |  | 5160050 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| Fifth Era Acquisition Corp I | Right | G3415K135 |  | 117018 | 11495 | SH |  | SOLE |  | 11495 | 0 | 0 |
| Fifth Era Acquisition Corp I | Common Stock | G3415K101 |  | 3351276 | 329202 | SH |  | SOLE |  | 329202 | 0 | 0 |
| FIGX Capital Acquisition Corp | Warrant | G3473K118 |  | 34542 | 153145 | SH |  | SOLE |  | 153145 | 0 | 0 |
| FIGX Capital Acquisition Corp | Common Stock | G3473K100 |  | 3066460 | 306953 | SH |  | SOLE |  | 306953 | 0 | 0 |
| Five9 Inc | Common Stock | 338307101 |  | 1875500 | 77500 | SH |  | SOLE |  | 77500 | 0 | 0 |
| Five9 Inc | Conv | 338307AF8 |  | 6626250 | 7500000 | PRN |  | SOLE |  | 7500000 | 0 | 0 |
| Fiverr International Ltd | Conv | 33835LAA3 |  | 103179350 | 103677000 | PRN |  | SOLE |  | 91107000 | 0 | 12570000 |
| FuboTV Inc | Conv | 35953DAB0 |  | 11590288 | 11737000 | PRN |  | SOLE |  | 11267000 | 0 | 470000 |
| FutureCrest Acquisition Corp | Unit | G3730U123 |  | 795000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| Galata Acquisition Corp II | Unit | G3R25N124 |  | 3493000 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| Gesher Acquisition Corp II | Common Stock | G3852D107 |  | 1715740 | 168706 | SH |  | SOLE |  | 168706 | 0 | 0 |
| GigCapital7 Corp | Warrant | G38648120 |  | 14762 | 31747 | SH |  | SOLE |  | 31747 | 0 | 0 |
| GigCapital7 Corp | Common Stock | G38648104 |  | 5527915 | 523973 | SH |  | SOLE |  | 523973 | 0 | 0 |
| Gladstone Capital Corp | Conv | 376535AG5 |  | 17806573 | 18000000 | PRN |  | SOLE |  | 18000000 | 0 | 0 |
| Globa Terra Acquisition Corp | Right | G3933N132 |  | 249500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| Globa Terra Acquisition Corp | Warrant | G3933N124 |  | 24356 | 187500 | SH |  | SOLE |  | 187500 | 0 | 0 |
| Globa Terra Acquisition Corp | Common Stock | G3933N116 |  | 2994000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| Gores Holdings X Inc | Warrant | G4002F125 |  | 133257 | 164515 | SH |  | SOLE |  | 164515 | 0 | 0 |
| Gores Holdings X Inc | Common Stock | G4002F109 |  | 6718823 | 658063 | SH |  | SOLE |  | 658063 | 0 | 0 |
| GP-Act III Acquisition Corp | Warrant | G4035N129 |  | 3464 | 13070 | SH |  | SOLE |  | 13070 | 0 | 0 |
| GP-Act III Acquisition Corp | Common Stock | G4035N103 |  | 6072687 | 572895 | SH |  | SOLE |  | 572895 | 0 | 0 |
| Graf Global Corp | Common Stock | G4036C106 |  | 670934 | 63656 | SH |  | SOLE |  | 63656 | 0 | 0 |
| GSR III Acquisition Corp | Common Stock | G4R103107 |  | 811012 | 78283 | SH |  | SOLE |  | 78283 | 0 | 0 |
| GSR IV Acquisition Corp | Unit | G4R12K123 |  | 4093638 | 403911 | SH |  | SOLE |  | 403911 | 0 | 0 |
| Haymaker Acquisition Corp 4 | Common Stock | G4375F108 |  | 868996 | 76631 | SH |  | SOLE |  | 76631 | 0 | 0 |
| HCM III Acquisition Corp | Warrant | G4365E111 |  | 135124 | 191665 | SH |  | SOLE |  | 191665 | 0 | 0 |
| HCM III Acquisition Corp | Common Stock | G4365E103 |  | 5810375 | 575000 | SH |  | SOLE |  | 575000 | 0 | 0 |
| Hennessy Capital Investment Corp VII | Right | G4405D115 |  | 7294 | 25151 | SH |  | SOLE |  | 25151 | 0 | 0 |
| Hennessy Capital Investment Corp VII | Common Stock | G4405D107 |  | 5789633 | 568447 | SH |  | SOLE |  | 568447 | 0 | 0 |
| Highview Merger Corp | Unit | G4569C127 |  | 5385874 | 532201 | SH |  | SOLE |  | 532201 | 0 | 0 |
| HORIZON SPACE ACQUISITION II Corp | Common Stock | G4627B103 |  | 155501 | 15017 | SH |  | SOLE |  | 15017 | 0 | 0 |
| Indigo Acquisition Corp | Right | G4791J114 |  | 249250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| Indigo Acquisition Corp | Common Stock | G4791J106 |  | 2492500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Inflection Point Acquisition Corp III | Common Stock | G47875102 |  | 2660927 | 264243 | SH |  | SOLE |  | 264243 | 0 | 0 |
| Jackson Acquisition Co II | Common Stock | G4992A110 |  | 5316356 | 512173 | SH |  | SOLE |  | 512173 | 0 | 0 |
| Janus Henderson AAA CLO ETF | Mutual Fund | 47103U845 |  | 727627 | 14329 | SH |  | SOLE |  | 14329 | 0 | 0 |
| Jena Acquisition Corp II | Right | G5093B113 |  | 276477 | 27239 | SH |  | SOLE |  | 27239 | 0 | 0 |
| Jena Acquisition Corp II | Common Stock | G5093B105 |  | 4218685 | 415634 | SH |  | SOLE |  | 415634 | 0 | 0 |
| K Growth Acquisition Corp II | Right | G52258129 |  | 245740 | 24057 | SH |  | SOLE |  | 24057 | 0 | 0 |
| K Growth Acquisition Corp II | Common Stock | G52258111 |  | 5192193 | 508291 | SH |  | SOLE |  | 508291 | 0 | 0 |
| Kochav Defense Acquisition Corp | Right | G5304D114 |  | 716428 | 71429 | SH |  | SOLE |  | 71429 | 0 | 0 |
| Kochav Defense Acquisition Corp | Common Stock | G5304D106 |  | 5265750 | 525000 | SH |  | SOLE |  | 525000 | 0 | 0 |
| Lakeshore Acquisition III Corp | Right | G5353S137 |  | 137499 | 13641 | SH |  | SOLE |  | 13641 | 0 | 0 |
| Lakeshore Acquisition III Corp | Common Stock | G5353S103 |  | 1008524 | 100052 | SH |  | SOLE |  | 100052 | 0 | 0 |
| Launch One Acquisition Corp | Common Stock | G5S86M100 |  | 587003 | 55905 | SH |  | SOLE |  | 55905 | 0 | 0 |
| Launch Two Acquisition Corp | Common Stock | G5S87A105 |  | 2105529 | 201486 | SH |  | SOLE |  | 201486 | 0 | 0 |
| Legato Merger Corp III | Common Stock | G5451A103 |  | 3900403 | 362491 | SH |  | SOLE |  | 362491 | 0 | 0 |
| Lightwave Acquisition Corp | Warrant | G5490M126 |  | 46513 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Lightwave Acquisition Corp | Common Stock | G5490M100 |  | 4726250 | 475000 | SH |  | SOLE |  | 475000 | 0 | 0 |
| Lionheart Holdings | Common Stock | G5501C109 |  | 2620622 | 248872 | SH |  | SOLE |  | 248872 | 0 | 0 |
| Live Oak Acquisition Corp V | Common Stock | G5509P102 |  | 5865000 | 575000 | SH |  | SOLE |  | 575000 | 0 | 0 |
| M3-Brigade Acquisition V Corp | Common Stock | G63212107 |  | 543568 | 51523 | SH |  | SOLE |  | 51523 | 0 | 0 |
| M3-Brigade Acquisition VI Corp | Unit | G63221124 |  | 5819000 | 575000 | SH |  | SOLE |  | 575000 | 0 | 0 |
| Magnite Inc. | Common Stock | 55955D100 |  | 871200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| Magnite Inc. | Conv | 55955DAB6 |  | 72695954 | 74767000 | PRN |  | SOLE |  | 67619000 | 0 | 7148000 |
| Marriott Vacations Worldwide Corp | Conv | 57164YAD9 |  | 56534000 | 57500000 | PRN |  | SOLE |  | 52865000 | 0 | 4635000 |
| Maywood Acquisition Corp | Common Stock | G6001J107 |  | 1147392 | 112050 | SH |  | SOLE |  | 112050 | 0 | 0 |
| McKinley Acquisition Corp | Unit | G6005T127 |  | 3496500 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| Melar Acquisition Corp I | Common Stock | G6004G100 |  | 4482860 | 426939 | SH |  | SOLE |  | 426939 | 0 | 0 |
| MICROSTRATEGY INC | Conv | 594972AJ0 |  | 5596250 | 2500000 | PRN |  | SOLE |  | 2500000 | 0 | 0 |
| Mountain Lake Acquisition Corp | Common Stock | G6301B101 |  | 1993314 | 193057 | SH |  | SOLE |  | 193057 | 0 | 0 |
| Nabors Energy Transition Corp II | Common Stock | G6363K106 |  | 2802500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| New Mountain Finance Corporation | Conv | 647551AE0 |  | 113989977 | 114047000 | PRN |  | SOLE |  | 105426000 | 0 | 8621000 |
| New Providence Acquisition Corp III | Common Stock | G6476A102 |  | 5678786 | 558386 | SH |  | SOLE |  | 558386 | 0 | 0 |
| Newbury Street II Acquisition Corp | Common Stock | G6439S109 |  | 3526927 | 340437 | SH |  | SOLE |  | 340437 | 0 | 0 |
| NewHold Investment Corp III | Common Stock | G6486E102 |  | 5020817 | 493204 | SH |  | SOLE |  | 493204 | 0 | 0 |
| NMP Acquisition Corp | Right | G6375X112 |  | 744750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| NMP Acquisition Corp | Common Stock | G6375X104 |  | 3722757 | 374900 | SH |  | SOLE |  | 374900 | 0 | 0 |
| Novocure Ltd | Conv | 67011XAB9 |  | 5425200 | 5480000 | PRN |  | SOLE |  | 5440000 | 0 | 40000 |
| Oaktree Acquisition Corp III Life Sciences | Common Stock | G6717R104 |  | 2371708 | 225662 | SH |  | SOLE |  | 225662 | 0 | 0 |
| OTG Acquisition Corp I | Unit | G6791A126 |  | 5538500 | 550000 | SH |  | SOLE |  | 550000 | 0 | 0 |
| Oxley Bridge Acquisition Ltd | Warrant | G6858G115 |  | 45250 | 249999 | SH |  | SOLE |  | 249999 | 0 | 0 |
| Oxley Bridge Acquisition Ltd | Common Stock | G6858G107 |  | 5351295 | 538089 | SH |  | SOLE |  | 538089 | 0 | 0 |
| Oyster Enterprises II Acquisition Corp | Right | G6861F138 |  | 552732 | 55108 | SH |  | SOLE |  | 55108 | 0 | 0 |
| Oyster Enterprises II Acquisition Corp | Common Stock | G6861F104 |  | 5266853 | 525110 | SH |  | SOLE |  | 525110 | 0 | 0 |
| Pacira Biosciences Inc. | Common Stock | 695127100 |  | 1226369 | 47589 | SH |  | SOLE |  | 47589 | 0 | 0 |
| Pantages Capital Acquisition Corporation | Common Stock | G8089R100 |  | 2350463 | 229090 | SH |  | SOLE |  | 229090 | 0 | 0 |
| Pelican Acquisition Corp | Common Stock | G6993G103 |  | 2508612 | 249365 | SH |  | SOLE |  | 249365 | 0 | 0 |
| Perceptive Capital Solutions Corp | Common Stock | G70077105 |  | 127847 | 12027 | SH |  | SOLE |  | 12027 | 0 | 0 |
| Perimeter Acquisition Corp I | Warrant | G7010A111 |  | 33783 | 56300 | SH |  | SOLE |  | 56300 | 0 | 0 |
| Perimeter Acquisition Corp I | Common Stock | G7010A129 |  | 2065090 | 203057 | SH |  | SOLE |  | 203057 | 0 | 0 |
| Pioneer Acquisition I Corp | Warrant | G7117W115 |  | 52500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Pioneer Acquisition I Corp | Common Stock | G7117W107 |  | 5895126 | 592475 | SH |  | SOLE |  | 592475 | 0 | 0 |
| Plum Acquisition Corp IV | Common Stock | G7134A104 |  | 4389406 | 425330 | SH |  | SOLE |  | 425330 | 0 | 0 |
| ProCap Acquisition Corp | Warrant | G7257A121 |  | 20542 | 30432 | SH |  | SOLE |  | 30432 | 0 | 0 |
| ProCap Acquisition Corp | Common Stock | G7257A105 |  | 3522220 | 342962 | SH |  | SOLE |  | 342962 | 0 | 0 |
| Pyrophyte Acquisition Corp II | Warrant | G7309T110 |  | 27293 | 77981 | SH |  | SOLE |  | 77981 | 0 | 0 |
| Pyrophyte Acquisition Corp II | Common Stock | G7309T102 |  | 3217707 | 323063 | SH |  | SOLE |  | 323063 | 0 | 0 |
| Quantumsphere Acquisition Corp | Unit | G7387B122 |  | 1519500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Quartzsea Acquisition Corp | Common Stock | G7314B104 |  | 268982 | 26553 | SH |  | SOLE |  | 26553 | 0 | 0 |
| Range Capital Acquisition Corp | Right | G7375C116 |  | 104050 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| Range Capital Acquisition Corp | Common Stock | G7375C108 |  | 267471 | 25706 | SH |  | SOLE |  | 25706 | 0 | 0 |
| Real Asset Acquisition Corp | Common Stock | G73944103 |  | 3930673 | 384606 | SH |  | SOLE |  | 384606 | 0 | 0 |
| Renatus Tactical Acquisition Corp I | Warrant | G7490F127 |  | 28663 | 24394 | SH |  | SOLE |  | 24394 | 0 | 0 |
| Renatus Tactical Acquisition Corp I | Common Stock | G7490F101 |  | 1233692 | 113079 | SH |  | SOLE |  | 113079 | 0 | 0 |
| Republic Digital Acquisition Co | Common Stock | G7515A103 |  | 1470485 | 144024 | SH |  | SOLE |  | 144024 | 0 | 0 |
| RF Acquisition Corp II | Common Stock | G75389109 |  | 322909 | 30066 | SH |  | SOLE |  | 30066 | 0 | 0 |
| RingCentral Inc | Conv | 76680RAH0 |  | 66271847 | 68006000 | PRN |  | SOLE |  | 60796000 | 0 | 7210000 |
| Rithm Acquisition Corp | Common Stock | G75751100 |  | 4090785 | 399101 | SH |  | SOLE |  | 399101 | 0 | 0 |
| Roman DBDR Acquisition Corp II | Common Stock | G7633M104 |  | 5417475 | 525000 | SH |  | SOLE |  | 525000 | 0 | 0 |
| Siddhi Acquisition Corp | Right | G8118C116 |  | 383143 | 37730 | SH |  | SOLE |  | 37730 | 0 | 0 |
| Siddhi Acquisition Corp | Common Stock | G8118C124 |  | 5585250 | 550000 | SH |  | SOLE |  | 550000 | 0 | 0 |
| Silver Pegasus Acquisition Corp | Right | G8192J136 |  | 328230 | 32922 | SH |  | SOLE |  | 32922 | 0 | 0 |
| Silver Pegasus Acquisition Corp | Common Stock | G8192J102 |  | 3176621 | 318618 | SH |  | SOLE |  | 318618 | 0 | 0 |
| Silverbox Corp IV | Common Stock | G81354105 |  | 1857504 | 177412 | SH |  | SOLE |  | 177412 | 0 | 0 |
| SIM Acquisition Corp I | Common Stock | G8431T101 |  | 5375737 | 510032 | SH |  | SOLE |  | 510032 | 0 | 0 |
| Sizzle Acquisition Corp II | Right | G8193F133 |  | 342671 | 33995 | SH |  | SOLE |  | 33995 | 0 | 0 |
| Sizzle Acquisition Corp II | Common Stock | G8193F109 |  | 4308646 | 427445 | SH |  | SOLE |  | 427445 | 0 | 0 |
| Snowflake Inc | Conv | 833445AB5 |  | 7590000 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| Solarius Capital Acquisition Corp | Warrant | G82617112 |  | 27585 | 125100 | SH |  | SOLE |  | 125100 | 0 | 0 |
| Solarius Capital Acquisition Corp | Common Stock | G82617104 |  | 2988398 | 300040 | SH |  | SOLE |  | 300040 | 0 | 0 |
| Soulpower Acquisition Corp | Right | G82745137 |  | 328722 | 32579 | SH |  | SOLE |  | 32579 | 0 | 0 |
| Soulpower Acquisition Corp | Common Stock | G82745103 |  | 5550771 | 550126 | SH |  | SOLE |  | 550126 | 0 | 0 |
| Spark I Acquisition Corp | Common Stock | G8316B100 |  | 566474 | 48708 | SH |  | SOLE |  | 48708 | 0 | 0 |
| Spring Valley Acquisition Corp. III | Unit | G8377R127 |  | 3649112 | 354972 | SH |  | SOLE |  | 354972 | 0 | 0 |
| Starry Sea Acquisition Corp | Unit | G8559L104 |  | 1301692 | 128372 | SH |  | SOLE |  | 128372 | 0 | 0 |
| Stellar V Capital Corp | Common Stock | G8475V103 |  | 1187745 | 115315 | SH |  | SOLE |  | 115315 | 0 | 0 |
| StoneBridge Acquisition II Corp | Unit | G85096124 |  | 1595200 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| Talon Capital Corp | Unit | G86652115 |  | 5318147 | 529232 | SH |  | SOLE |  | 529232 | 0 | 0 |
| Tavia Acquisition Corp | Common Stock | G86880104 |  | 1024192 | 98908 | SH |  | SOLE |  | 98908 | 0 | 0 |
| Tavia Acquisition Corp | Right | G86880146 |  | 1883575 | 181900 | SH |  | SOLE |  | 181900 | 0 | 0 |
| Teladoc Health Inc | Common Stock | 87918A105 |  | 2028352 | 262400 | SH |  | SOLE |  | 262400 | 0 | 0 |
| Teladoc Health Inc | Conv | 87918AAF2 |  | 108109867 | 115750000 | PRN |  | SOLE |  | 111250000 | 0 | 4500000 |
| Texas Ventures Acquisition III Corp | Warrant | G8772L113 |  | 96638 | 85900 | SH |  | SOLE |  | 85900 | 0 | 0 |
| Texas Ventures Acquisition III Corp | Common Stock | G8772L105 |  | 4735866 | 442191 | SH |  | SOLE |  | 442191 | 0 | 0 |
| Thayer Ventures Acquisition Corp II | Right | G87890110 |  | 538762 | 53688 | SH |  | SOLE |  | 53688 | 0 | 0 |
| Thayer Ventures Acquisition Corp II | Common Stock | G87890102 |  | 5017500 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| The Ether Reserve LLC | Common Stock | G2949D104 |  | 1152262 | 110688 | SH |  | SOLE |  | 110688 | 0 | 0 |
| Titan Acquisition Corp | Warrant | G8901A111 |  | 4395 | 13499 | SH |  | SOLE |  | 13499 | 0 | 0 |
| Titan Acquisition Corp | Common Stock | G8901A103 |  | 5313000 | 525000 | SH |  | SOLE |  | 525000 | 0 | 0 |
| Trailblazer Acquisition Corp | Unit | G9009S129 |  | 5242409 | 512705 | SH |  | SOLE |  | 512705 | 0 | 0 |
| Translational Development Acquisition Corp | Common Stock | G9008W105 |  | 5222078 | 504305 | SH |  | SOLE |  | 504305 | 0 | 0 |
| Tristar Acquisition I Corp. | Common Stock | G4R52R103 |  | 36589 | 10514 | SH |  | SOLE |  | 10514 | 0 | 0 |
| Unity Software Inc | Conv | 91332UAB7 |  | 17556411 | 18461000 | PRN |  | SOLE |  | 16881000 | 0 | 1580000 |
| Upwork Inc | Conv | 91688FAB0 |  | 10754995 | 11123000 | PRN |  | SOLE |  | 11083000 | 0 | 40000 |
| UY Scuti Acquisition Corp | Common Stock | G93Y0A104 |  | 1272521 | 125125 | SH |  | SOLE |  | 125125 | 0 | 0 |
| Vail Resorts Inc | Conv | 91879QAN9 |  | 9860000 | 10000000 | PRN |  | SOLE |  | 9095000 | 0 | 905000 |
| Vendome Acquisition Corp I | Warrant | G9580A117 |  | 37875 | 187500 | SH |  | SOLE |  | 187500 | 0 | 0 |
| Vendome Acquisition Corp I | Common Stock | G9580A109 |  | 3632265 | 365419 | SH |  | SOLE |  | 365419 | 0 | 0 |
| Vine Hill Capital Investment Corp | Common Stock | G93Y09107 |  | 2705207 | 252587 | SH |  | SOLE |  | 252587 | 0 | 0 |
| Voyager Acquisition Corp | Common Stock | G93A7H104 |  | 5247750 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| Wen Acquisition Corp | Warrant | G9R39C111 |  | 65446 | 113810 | SH |  | SOLE |  | 113810 | 0 | 0 |
| Wen Acquisition Corp | Common Stock | G9R39C103 |  | 4329103 | 427777 | SH |  | SOLE |  | 427777 | 0 | 0 |
| Willow Lane Acquisition Corp | Common Stock | G9675P102 |  | 558156 | 48200 | SH |  | SOLE |  | 48200 | 0 | 0 |
| Wintergreen Acquisition Corp | Right | G9717M117 |  | 163576 | 16252 | SH |  | SOLE |  | 16252 | 0 | 0 |
| Wintergreen Acquisition Corp | Common Stock | G9717M109 |  | 996596 | 99016 | SH |  | SOLE |  | 99016 | 0 | 0 |
| Yorkville Acquisition Corp | Warrant | G98659124 |  | 62374 | 49899 | SH |  | SOLE |  | 49899 | 0 | 0 |
| Yorkville Acquisition Corp | Common Stock | G98659116 |  | 3173812 | 297731 | SH |  | SOLE |  | 297731 | 0 | 0 |

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