# EDGAR Filing Document

**Accession Number:** 0001581655
**File Stem:** 0002073679-26-000054
**Filing Date:** 2026-5
**Character Count:** 26948
**Document Hash:** 5bdc0e48a526e23b8eb1128ab026f28a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002073679-26-000054.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0002073679-26-000054

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alpine Global Management, LLC
- **CENTRAL INDEX KEY:** 0001581655

**ORGANIZATION NAME:**
- **EIN:** 461675291
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15932
- **FILM NUMBER:** 26985332

**BUSINESS ADDRESS:**
- **STREET 1:** 140 BROADWAY 38TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 646-961-3213

**MAIL ADDRESS:**
- **STREET 1:** 140 BROADWAY 38TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpine Partners VI, LLC
- **DATE OF NAME CHANGE:** 20130716

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Alpine Global Management LLC<br>**Address:** 140 BROADWAY 38TH FLOOR<br>NEW YORK, NY 10005

**Form 13F File Number:** 028-15932

**CRD Number (if applicable):** 000153062

**SEC File Number (if applicable):** 801-71246

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:** Arny Tarlowe<br>**Title:** Chief Operating Officer<br>**Phone:** 646-350-3385

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

Arny Tarlowe  New York, NY  05-15-2026<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:** 226

**Form 13F Information Table Value Total:** $667934163

      (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 |
| AGNC INVT CORP | COM | 00123Q104 |  | 136027 | 13562 | SH |  | SOLE |  | 13562 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 4664480 | 331049 | SH |  | SOLE |  | 331049 | 0 | 0 |
| ABRDN INCOME CREDIT STRATEGI | COM | 003057106 |  | 253669 | 49739 | SH |  | SOLE |  | 49739 | 0 | 0 |
| ACHIEVE LIFE SCIENCE INC | COM | 004468500 |  | 147000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| TIC SOLUTIONS INC | COM | 00510N102 |  | 296100 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 3961340 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| ALLEGRO MICROSYSTEMS INC | COM | 01749D105 |  | 398224 | 12630 | SH |  | SOLE |  | 12630 | 0 | 0 |
| ALLIED GOLD CORP | COM NEW | 01921D204 |  | 5911364 | 137091 | SH |  | SOLE |  | 137091 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 303408 | 917 | SH |  | SOLE |  | 917 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 267067 | 931 | SH |  | SOLE |  | 931 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 333857 | 1161 | SH |  | SOLE |  | 1161 | 0 | 0 |
| AMERICAN AIRLINES GROUP INC | PUT | 02376R952 |  | 627750 | 7750 | SH | Put | SOLE |  | 7750 | 0 | 0 |
| ANGEL OAK MORTGAGE REIT INC | COM | 03464Y108 |  | 513240 | 62438 | SH |  | SOLE |  | 62438 | 0 | 0 |
| APARTMENT INVT  MGMT CO | CL A | 03748R747 |  | 814000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 829130 | 73766 | SH |  | SOLE |  | 73766 | 0 | 0 |
| APOLLO COML REAL ESTATE FIN | COM | 03762U105 |  | 1771683 | 167773 | SH |  | SOLE |  | 167773 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 14702426 | 131955 | SH |  | SOLE |  | 131955 | 0 | 0 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 29115682 | 5631660 | SH |  | SOLE |  | 5631660 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 14690206 | 134649 | SH |  | SOLE |  | 134649 | 0 | 0 |
| ARES COML REAL ESTATE CORP | COM | 04013V108 |  | 3133723 | 652859 | SH |  | SOLE |  | 652859 | 0 | 0 |
| AURORA INNOVATION INC | *W EXP 11/03/202 | 051774115 |  | 2488 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2379644 | 11712 | SH |  | SOLE |  | 11712 | 0 | 0 |
| AVAX ONE TECHNOLOGY LTD | COM SHS | 05353F108 |  | 126716 | 211864 | SH |  | SOLE |  | 211864 | 0 | 0 |
| AVIS BUDGET GROUP INC | PUT | 053774955 |  | 291980 | 455 | SH | Put | SOLE |  | 455 | 0 | 0 |
| AXCELIS TECHNOLOGIES INC | COM NEW | 054540208 |  | 376416 | 4044 | SH |  | SOLE |  | 4044 | 0 | 0 |
| BAIN CAP SPECIALTY FIN INC | COM STK | 05684B107 |  | 1257162 | 101384 | SH |  | SOLE |  | 101384 | 0 | 0 |
| BANCO BBVA ARGENTINA S A | SPONSORED ADS | 058934100 |  | 3592574 | 223697 | SH |  | SOLE |  | 223697 | 0 | 0 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 11972000 | 3280000 | SH |  | SOLE |  | 3280000 | 0 | 0 |
| BANCO MACRO S A | SPON ADR B | 05961W105 |  | 5802750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| BANCO SANTANDER BRASIL S A | ADS REP 1 UNIT | 05967A107 |  | 4595750 | 775000 | SH |  | SOLE |  | 775000 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 14641433 | 123421 | SH |  | SOLE |  | 123421 | 0 | 0 |
| BEAZER HOMES USA INC | PUT | 07556Q951 |  | 323000 | 950 | SH | Put | SOLE |  | 950 | 0 | 0 |
| BITGO HOLDINGS INC | COM SHS CL A | 091947101 |  | 4027285 | 489342 | SH |  | SOLE |  | 489342 | 0 | 0 |
| BLACKROCK UTILS INFRASTRUCTU | COM | 09248D104 |  | 598087 | 22672 | SH |  | SOLE |  | 22672 | 0 | 0 |
| BLACKROCK UTILS INFRASTRUCTU | RIGHT 04/02/2026 | 09248D112 |  | 1140 | 142500 | SH |  | SOLE |  | 142500 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 698104 | 6071 | SH |  | SOLE |  | 6071 | 0 | 0 |
| BLACKROCK ESG CAP ALLC TERM | SHS BEN INT | 09262F100 |  | 475599 | 35022 | SH |  | SOLE |  | 35022 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 14266006 | 14834 | SH |  | SOLE |  | 14834 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 14477852 | 1585745 | SH |  | SOLE |  | 1585745 | 0 | 0 |
| BLUE OWL TECHNOLOGY FIN CORP | COMMON STOCK | 095924106 |  | 2213994 | 178692 | SH |  | SOLE |  | 178692 | 0 | 0 |
| BRIGHTSPIRE CAPITAL INC | COM CL A | 10949T109 |  | 5025994 | 897499 | SH |  | SOLE |  | 897499 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 446856 | 10053 | SH |  | SOLE |  | 10053 | 0 | 0 |
| BROOKFIELD BUSINESS CORP | CL A SUB VTG SH | 113006100 |  | 7366829 | 194305 | SH |  | SOLE |  | 194305 | 0 | 0 |
| CADIZ INC | COM NEW | 127537207 |  | 251328 | 51187 | SH |  | SOLE |  | 51187 | 0 | 0 |
| CARLYLE GROUP INC | COM | 14316J108 |  | 255983 | 5290 | SH |  | SOLE |  | 5290 | 0 | 0 |
| CARNIVAL PLC | ADS | 14365C103 |  | 5029016 | 195150 | SH |  | SOLE |  | 195150 | 0 | 0 |
| CHEESECAKE FACTORY INC | NOTE 2.000% 3/1 | 163072AC5 |  | 507944 | 500 | PRN |  | SOLE |  | 500 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 592491 | 2088 | SH |  | SOLE |  | 2088 | 0 | 0 |
| CION INVT CORP | COM | 17259U204 |  | 1327370 | 194060 | SH |  | SOLE |  | 194060 | 0 | 0 |
| CLEANCORE SOLUTIONS INC | CLASS B COM SHS | 184492106 |  | 295962 | 830655 | SH |  | SOLE |  | 830655 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 2396478 | 101331 | SH |  | SOLE |  | 101331 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 680893 | 80579 | SH |  | SOLE |  | 80579 | 0 | 0 |
| CLOUGH GLOBAL DIVID  INCOME | COM | 18913Y103 |  | 1023112 | 172823 | SH |  | SOLE |  | 172823 | 0 | 0 |
| CLOUGH GLOBAL EQUITY FD | COM | 18914C100 |  | 114373 | 15189 | SH |  | SOLE |  | 15189 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 1669460 | 88943 | SH |  | SOLE |  | 88943 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1091726 | 38026 | SH |  | SOLE |  | 38026 | 0 | 0 |
| CONFLUENT INC | NOTE 1/1 | 20717MAB9 |  | 1991200 | 2000 | PRN |  | SOLE |  | 2000 | 0 | 0 |
| CORNERSTONE STRATEGIC INVEST | COM | 21924B302 |  | 49608340 | 6814332 | SH |  | SOLE |  | 6814332 | 0 | 0 |
| CORNERSTONE TOTAL RETURN FD | COM | 21924U300 |  | 20711779 | 2980112 | SH |  | SOLE |  | 2980112 | 0 | 0 |
| COSAN S A | ADS | 22113B103 |  | 206000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CRESCENT CAP BDC INC | COM | 225655109 |  | 1571141 | 129312 | SH |  | SOLE |  | 129312 | 0 | 0 |
| NXG NEXTGEN INFRASTR INCM FD | COM | 231647207 |  | 6078883 | 110666 | SH |  | SOLE |  | 110666 | 0 | 0 |
| DAVITA INC | PUT | 23918K958 |  | 260070 | 455 | SH | Put | SOLE |  | 455 | 0 | 0 |
| DESTRA MULTI-ALTERNATIVE FD | COMMON SHARES | 25065A502 |  | 218654 | 26961 | SH |  | SOLE |  | 26961 | 0 | 0 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 2736282 | 294858 | SH |  | SOLE |  | 294858 | 0 | 0 |
| DIGITAL TURBINE INC | COM NEW | 25400W102 |  | 69062 | 23980 | SH |  | SOLE |  | 23980 | 0 | 0 |
| EAGLE NUCLEAR ENERGY CORP | COM | 269710109 |  | 104671 | 13629 | SH |  | SOLE |  | 13629 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 8052865 | 39500 | SH |  | SOLE |  | 39500 | 0 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/1 | 30063PAB1 |  | 6972333 | 6500 | PRN |  | SOLE |  | 6500 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 3217023 | 316014 | SH |  | SOLE |  | 316014 | 0 | 0 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 643758 | 126227 | SH |  | SOLE |  | 126227 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 857051 | 1498 | SH |  | SOLE |  | 1498 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 248888 | 1067 | SH |  | SOLE |  | 1067 | 0 | 0 |
| FIRST FNDTN INC | COM | 32026V104 |  | 138650 | 23500 | SH |  | SOLE |  | 23500 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 376764 | 1649 | SH |  | SOLE |  | 1649 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 348142 | 25301 | SH |  | SOLE |  | 25301 | 0 | 0 |
| FORD MTR CO | PUT | 345370950 |  | 237900 | 2600 | SH | Put | SOLE |  | 2600 | 0 | 0 |
| GABELLI EQUITY TR INC | COM | 362397101 |  | 1883487 | 336337 | SH |  | SOLE |  | 336337 | 0 | 0 |
| GABELLI EQUITY TR INC | RIGHT 04/14/2026 | 362397226 |  | 22717 | 3245215 | SH |  | SOLE |  | 3245215 | 0 | 0 |
| GEMINI SPACE STA INC | CL A COM | 36866J105 |  | 1243492 | 281333 | SH |  | SOLE |  | 281333 | 0 | 0 |
| GENERAL MTRS CO | PUT | 37045V950 |  | 349388 | 385 | SH | Put | SOLE |  | 385 | 0 | 0 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 1859159 | 146853 | SH |  | SOLE |  | 146853 | 0 | 0 |
| GOSSAMER BIO INC | COM | 38341P102 |  | 10784 | 32827 | SH |  | SOLE |  | 32827 | 0 | 0 |
| GROUPON INC | PUT | 399473956 |  | 25255 | 10102 | SH | Put | SOLE |  | 10102 | 0 | 0 |
| GROUPON INC | NOTE 4.875% 6/3 | 399473AK3 |  | 882188 | 1000 | PRN |  | SOLE |  | 1000 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 7940700 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| ENVIRI CORP | COM | 415864107 |  | 1471500 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | PUT | 42806J950 |  | 4226182 | 126116 | SH | Put | SOLE |  | 126116 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 6084995 | 80500 | SH |  | SOLE |  | 80500 | 0 | 0 |
| IMMUNOVANT INC | COM | 45258J102 |  | 65501217 | 2636925 | SH |  | SOLE |  | 2636925 | 0 | 0 |
| INVESTCORP CR MGMT BDC INC | COM | 46090R104 |  | 17358 | 10715 | SH |  | SOLE |  | 10715 | 0 | 0 |
| INVESCO PA VALUE MUN INC TR | COM | 46132K109 |  | 248184 | 23480 | SH |  | SOLE |  | 23480 | 0 | 0 |
| INVESCO QUALITY MUN INCOME T | COM | 46133G107 |  | 459124 | 47726 | SH |  | SOLE |  | 47726 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | NOTE 1.750% 6/1 | 462222AF7 |  | 907232 | 600 | PRN |  | SOLE |  | 600 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 513666 | 3012 | SH |  | SOLE |  | 3012 | 0 | 0 |
| ISHARES TR | PUT | 464287955 |  | 456623 | 345 | SH | Put | SOLE |  | 345 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 15012195 | 162294 | SH |  | SOLE |  | 162294 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 616561 | 21687 | SH |  | SOLE |  | 21687 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 1468500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 447000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 9780998 | 194763 | SH |  | SOLE |  | 194763 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 3326943 | 66142 | SH |  | SOLE |  | 66142 | 0 | 0 |
| LIBERTY LIVE HOLDINGS INC | COM SHS SER C | 530909308 |  | 941100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| LIONSGATE STUDIOS CORP | COM | 53626N102 |  | 563058 | 58713 | SH |  | SOLE |  | 58713 | 0 | 0 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 130351 | 13678 | SH |  | SOLE |  | 13678 | 0 | 0 |
| MSC INCOME FUND INC | COM | 55374X208 |  | 2509920 | 206069 | SH |  | SOLE |  | 206069 | 0 | 0 |
| MAGNERA CORP | COM SHS | 55939A107 |  | 951000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 231602 | 121 | SH |  | SOLE |  | 121 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 338751 | 3420 | SH |  | SOLE |  | 3420 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 2223375 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| MEXICO FD INC | COM | 592835102 |  | 498532 | 23819 | SH |  | SOLE |  | 23819 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7610325 | 20559 | SH |  | SOLE |  | 20559 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 10609498 | 85012 | SH |  | SOLE |  | 85012 | 0 | 0 |
| STRATEGY INC | NOTE 12/0 | 594972AS0 |  | 17522400 | 21000 | PRN |  | SOLE |  | 21000 | 0 | 0 |
| STRATEGY INC | NOTE 3/0 | 594972AU5 |  | 12006000 | 13800 | PRN |  | SOLE |  | 13800 | 0 | 0 |
| MILLROSE PPTYS INC | COM CL A | 601137102 |  | 898520 | 32090 | SH |  | SOLE |  | 32090 | 0 | 0 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 |  | 1281801 | 33964 | SH |  | SOLE |  | 33964 | 0 | 0 |
| NEUBERGER HIGH YIELD ST FD I | COM | 64128C106 |  | 3117055 | 481027 | SH |  | SOLE |  | 481027 | 0 | 0 |
| NEUBERGER HIGH YIELD ST FD I | RIGHT 04/15/2026 | 64128C130 |  | 3898 | 487222 | SH |  | SOLE |  | 487222 | 0 | 0 |
| FS SPECIALTY LENDING FD | COM SH BEN INT | 644323107 |  | 588083 | 47009 | SH |  | SOLE |  | 47009 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 3300500 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| NORTHFIELD BANCORP INC DEL | COM | 66611T108 |  | 2031000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 |  | 37991 | 80660 | SH |  | SOLE |  | 80660 | 0 | 0 |
| NUVEEN NY AMT FREE | COM | 670656107 |  | 1206546 | 118173 | SH |  | SOLE |  | 118173 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4973016 | 28515 | SH |  | SOLE |  | 28515 | 0 | 0 |
| NUVEEN NEW JERSEY | COM | 67069Y102 |  | 253737 | 20629 | SH |  | SOLE |  | 20629 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 418468 | 33939 | SH |  | SOLE |  | 33939 | 0 | 0 |
| NUVEEN PA INVT QUALITY MUN F | COM | 670972108 |  | 308104 | 25826 | SH |  | SOLE |  | 25826 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 5848900 | 6000 | PRN |  | SOLE |  | 6000 | 0 | 0 |
| THE ONCOLOGY INSTITUTE INC | *W EXP 99/99/999 | 68236X118 |  | 1391 | 25024 | SH |  | SOLE |  | 25024 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 882660 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| OXFORD LANE CAP CORP | COM | 691543847 |  | 2523162 | 257992 | SH |  | SOLE |  | 257992 | 0 | 0 |
| PAR TECHNOLOGY CORP | NOTE 1.500%10/1 | 698884AE3 |  | 922800 | 1000 | PRN |  | SOLE |  | 1000 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 583274 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| AXE COMPUTE INC | COM NEW | 74039M408 |  | 104503 | 64508 | SH |  | SOLE |  | 64508 | 0 | 0 |
| RAMACO RES INC | NOTE 11/0 | 75134PAB1 |  | 3000373 | 3859 | PRN |  | SOLE |  | 3859 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 40046063 | 2660868 | SH |  | SOLE |  | 2660868 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 4.625% 3/1 | 76954AAB9 |  | 13314445 | 12500 | PRN |  | SOLE |  | 12500 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 |  | 14538229 | 15000 | PRN |  | SOLE |  | 15000 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 285000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| RUNWAY GROWTH FINANCE CORP | COM | 78163D100 |  | 4680194 | 681251 | SH |  | SOLE |  | 681251 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 5859563 | 9010 | SH |  | SOLE |  | 9010 | 0 | 0 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 |  | 182122 | 27021 | SH |  | SOLE |  | 27021 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 931408 | 1466 | SH |  | SOLE |  | 1466 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 5151125 | 122500 | SH |  | SOLE |  | 122500 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 502333 | 3106 | SH |  | SOLE |  | 3106 | 0 | 0 |
| GENEDX HOLDINGS CORP | *W EXP 07/22/202 | 81663L119 |  | 160 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| SERITAGE GROWTH PPTYS | CL A | 81752R100 |  | 632250 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 577000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SKYWATER TECHNOLOGY INC | COM | 83089J108 |  | 1370500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SNAIL INC | CLASS A COM | 83301J100 |  | 9877 | 19329 | SH |  | SOLE |  | 19329 | 0 | 0 |
| SNOWFLAKE INC | NOTE 10/0 | 833445AB5 |  | 589400 | 500 | PRN |  | SOLE |  | 500 | 0 | 0 |
| STARZ ENTERTAINMENT CORP. | COM | 855919106 |  | 990150 | 86100 | SH |  | SOLE |  | 86100 | 0 | 0 |
| STUBHUB HLDGS INC | CL A | 86384P109 |  | 748800 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| STUBHUB HLDGS INC | PUT | 86384P959 |  | 335105 | 3073 | SH | Put | SOLE |  | 3073 | 0 | 0 |
| SUNRUN INC | PUT | 86771W955 |  | 59815 | 11963 | SH | Put | SOLE |  | 11963 | 0 | 0 |
| SUPER MICRO COMPUTER INC | PUT | 86800U952 |  | 963728 | 34654 | SH | Put | SOLE |  | 34654 | 0 | 0 |
| SUPER MICRO COMPUTER INC | NOTE 3.500% 3/0 | 86800UAB0 |  | 12736267 | 16000 | PRN |  | SOLE |  | 16000 | 0 | 0 |
| TOTAL RETURN SECURITIES FUND | COM | 870875101 |  | 481955 | 81274 | SH |  | SOLE |  | 81274 | 0 | 0 |
| CARLYLE SECURED LENDING INC | COM | 872280102 |  | 1265353 | 115663 | SH |  | SOLE |  | 115663 | 0 | 0 |
| TPG INC | COM CL A | 872657101 |  | 304028 | 7505 | SH |  | SOLE |  | 7505 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2830965 | 14334 | SH |  | SOLE |  | 14334 | 0 | 0 |
| TUTOR PERINI CORP | COM | 901109108 |  | 279119 | 3616 | SH |  | SOLE |  | 3616 | 0 | 0 |
| ULTRA CLEAN HLDGS INC | COM | 90385V107 |  | 1126950 | 18124 | SH |  | SOLE |  | 18124 | 0 | 0 |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 91060H116 |  | 173375 | 950000 | SH |  | SOLE |  | 950000 | 0 | 0 |
| UNUSUAL MACHS INC | COM SHS | 91532F102 |  | 596440 | 48100 | SH |  | SOLE |  | 48100 | 0 | 0 |
| UR-ENERGY INC | COM | 91688R108 |  | 335250 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| USA RARE EARTH INC | COM | 91733P107 |  | 529725 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1187390 | 3097 | SH |  | SOLE |  | 3097 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 946456 | 5388 | SH |  | SOLE |  | 5388 | 0 | 0 |
| VERSANT MEDIA GROUP INC | COM CL A | 925283103 |  | 1620069 | 43762 | SH |  | SOLE |  | 43762 | 0 | 0 |
| VILLAGE FARMS INTL INC | COM | 92707Y108 |  | 142000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| EMPERY DIGITAL INC | COM NEW | 92864V608 |  | 846000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 4599550 | 167500 | SH |  | SOLE |  | 167500 | 0 | 0 |
| XBP GLOBAL HOLDINGS INC | COM NEW | 98400V200 |  | 94679 | 21518 | SH |  | SOLE |  | 21518 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 363575 | 281841 | SH |  | SOLE |  | 281841 | 0 | 0 |
| XEROX HOLDINGS CORP | *W EXP 02/11/202 | 98421M114 |  | 12753 | 140920 | SH |  | SOLE |  | 140920 | 0 | 0 |
| XEROX HOLDINGS CORP | PUT | 98421M956 |  | 564521 | 2864 | SH | Put | SOLE |  | 2864 | 0 | 0 |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 |  | 9428880 | 204000 | SH |  | SOLE |  | 204000 | 0 | 0 |
| YORK SPACE SYSTEMS INC | COM | 987084100 |  | 5477741 | 247079 | SH |  | SOLE |  | 247079 | 0 | 0 |
| AMCOR PLC | COM NEW | G0250X149 |  | 993750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ARCHIMEDES TECH SPAC PTNRS I | ORD SHS | G0453R105 |  | 1477500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| ARCHIMEDES TECH SPAC PTNRS I | *W EXP 01/23/203 | G0453R113 |  | 20062 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| A PARADISE ACQUISITION CORP | RIGHT 07/29/2025 | G04819119 |  | 93535 | 207028 | SH |  | SOLE |  | 207028 | 0 | 0 |
| ARTIUS II ACQUISITION INC | RIGHT 11/27/2029 | G0509J123 |  | 87675 | 324602 | SH |  | SOLE |  | 324602 | 0 | 0 |
| AXIOM INTELLIGENCE AC CORP 1 | RIGHT 06/10/2030 | G0750N112 |  | 33773 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| CANTOR EQUITY PARTNERS I INC | SHS CL A | G1827K107 |  | 603099 | 57438 | SH |  | SOLE |  | 57438 | 0 | 0 |
| CANTOR EQUITY PARTNERS III I | SHS CL A | G1828A108 |  | 128875 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| CANTOR EQUITY PARTNERS IV IN | SHS CL A | G1828E100 |  | 1019000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| CANTOR EQUITY PARTNERS V INC | SHS CL A S | G1828S109 |  | 1515000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| DRUGS MADE IN AMER ACQUTN CO | RIGHT 10/15/2029 | G2847J112 |  | 21895 | 362500 | SH |  | SOLE |  | 362500 | 0 | 0 |
| DRUGS MADE IN AMER ACQ II CO | RIGHT 09/16/2030 | G2851K112 |  | 24000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | RIGHT 02/21/2030 | G3415K135 |  | 92370 | 307900 | SH |  | SOLE |  | 307900 | 0 | 0 |
| FUTURECREST ACQUISITION CORP | CL A ORD SHS | G3730U107 |  | 1006000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| GIGCAPITAL7 CORP | ORD SHS CL A | G38648104 |  | 106500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GIGCAPITAL8 CORP | RIGHT 09/30/2030 | G3864J118 |  | 100080 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| GRAB HOLDINGS LIMITED | *W EXP 99/99/999 | G4124C117 |  | 1356 | 17800 | SH |  | SOLE |  | 17800 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 5418867 | 105487 | SH |  | SOLE |  | 105487 | 0 | 0 |
| MCKINLEY ACQUISITION CORP | RIGHT 07/25/2030 | G6005T119 |  | 24000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| OYSTER ENTERPRISES II ACQUIS | RIGHT 05/22/2030 | G6861F138 |  | 36794 | 245295 | SH |  | SOLE |  | 245295 | 0 | 0 |
| SIZZLE ACQUISITION CORP. II | RIGHT 04/02/2030 | G8193F133 |  | 37775 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | G82745137 |  | 45000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| SPRING VY ACQUISITION CORP I | UNIT 01/22/2031 | G8377G121 |  | 1016000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SUNCAR TECHNOLOGY GROUP INC | CL A | G85727108 |  | 161500 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| TAILWIND 2.0 ACQUISITION COR | RIGHT 11/07/2030 | G8662J129 |  | 32846 | 234448 | SH |  | SOLE |  | 234448 | 0 | 0 |
| THAYER VENTURES ACQ CORP II | RIGHT 05/15/2030 | G87890110 |  | 42954 | 285978 | SH |  | SOLE |  | 285978 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 2801560 | 50010 | SH |  | SOLE |  | 50010 | 0 | 0 |
| ZIM INTEGRATED SHIPPING SERV | CALL | M9T951909 |  | 220179 | 901 | SH | Call | SOLE |  | 901 | 0 | 0 |
| KNOT OFFSHORE PARTNERS LP | COM UNITS | Y48125101 |  | 730800 | 72500 | SH |  | SOLE |  | 72500 | 0 | 0 |
| ALGOMA STL GROUP INC | PUT | 015658957 |  | 545 | 29 | SH | Put | SOLE |  | 29 | 0 | 0 |
| BEYOND MEAT INC | PUT | 08862E959 |  | 94567 | 8108 | SH | Put | SOLE |  | 8108 | 0 | 0 |
| CLEANSPARK INC | PUT | 18452B959 |  | 21900 | 600 | SH | Put | SOLE |  | 600 | 0 | 0 |
| DXC TECHNOLOGY CO | PUT | 23355L956 |  | 171563 | 1525 | SH | Put | SOLE |  | 1525 | 0 | 0 |
| ELECTRONIC ARTS INC | PUT | 285512959 |  | 11537 | 50 | SH | Put | SOLE |  | 50 | 0 | 0 |
| FLUENCE ENERGY INC | PUT | 34379V953 |  | 49000 | 3400 | SH | Put | SOLE |  | 3400 | 0 | 0 |
| GALAXY DIGITAL INC. | PUT | 36317J959 |  | 70972 | 1700 | SH | Put | SOLE |  | 1700 | 0 | 0 |
| HIMS  HERS HEALTH INC | PUT | 433000956 |  | 52000 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| IRON MTN INC DEL | PUT | 46284V951 |  | 184834 | 375 | SH | Put | SOLE |  | 375 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | PUT | 552953951 |  | 115875 | 750 | SH | Put | SOLE |  | 750 | 0 | 0 |
| PG CORP | PUT | 69331C958 |  | 84000 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| POST HLDGS INC | PUT | 737446954 |  | 161235 | 215 | SH | Put | SOLE |  | 215 | 0 | 0 |
| RAMACO RES INC | PUT | 75134P950 |  | 24375 | 250 | SH | Put | SOLE |  | 250 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | PUT | 78462F953 |  | 178500 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | PUT | 803607950 |  | 18070 | 3570 | SH | Put | SOLE |  | 3570 | 0 | 0 |
| SELECT SECTOR SPDR TR | PUT | 81369Y956 |  | 11600 | 800 | SH | Put | SOLE |  | 800 | 0 | 0 |
| TENET HEALTHCARE CORP | PUT | 88033G957 |  | 187768 | 190 | SH | Put | SOLE |  | 190 | 0 | 0 |

---