# EDGAR Filing Document

**Accession Number:** 0001491072
**File Stem:** 0001193125-26-053482
**Filing Date:** 2026-2
**Character Count:** 16412
**Document Hash:** ad4dd2a79bfa0d4a080ca0d44e52c5cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-053482.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001193125-26-053482

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Anson Funds Management LP
- **CENTRAL INDEX KEY:** 0001491072

**ORGANIZATION NAME:**
- **EIN:** 300134498
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16678
- **FILM NUMBER:** 26637678

**BUSINESS ADDRESS:**
- **STREET 1:** 16000 DALLAS PARKWAY
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75248
- **BUSINESS PHONE:** 214.866.0202

**MAIL ADDRESS:**
- **STREET 1:** 16000 DALLAS PARKWAY
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75248

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Frigate Ventures LP
- **DATE OF NAME CHANGE:** 20100504

### FORM 13F COVER PAGE

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

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Anson Funds Management LP<br>**Address:** 16000 DALLAS PARKWAY<br>SUITE 800<br>DALLAS, TX 75248

**Form 13F File Number:** 028-16678

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:** Tony Moore<br>**Title:** Manager of the General Partner<br>**Phone:** 214-866-0200

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

/s/ Tony Moore  Dallas, TX  02-17-2026<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:** 122

**Form 13F Information Table Value Total:** $1061282492

      (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 |
| 22ND CENTURY GROUP INC | Equity | 90137F509 |  | 587673 | 763212 | SH |  | DFND |  | 763212 | 0 | 0 |
| AdvisorShares Pure US Cannabis ETF | Exchange Traded Fund | 00768Y453 |  | 36995827 | 7838099 | SH |  | DFND |  | 7838099 | 0 | 0 |
| AdvisorShares Pure US Cannabis ETF | Option | 00768Y453 |  | 11500752 | 2436600 | SH | Call | DFND |  | 2436600 | 0 | 0 |
| Alibaba Group Holding Ltd | ADR | 01609W102 |  | 1172640 | 8000 | SH |  | DFND |  | 8000 | 0 | 0 |
| Alight Inc | Equity | 01626W101 |  | 4777500 | 2450000 | SH |  | DFND |  | 2450000 | 0 | 0 |
| Allurion Technologies Inc | Equity | 02008G110 |  | 73654 | 59881 | SH |  | DFND |  | 59881 | 0 | 0 |
| AMAZON.COM INC. | Equity | 023135106 |  | 890734 | 3859 | SH |  | DFND |  | 3859 | 0 | 0 |
| American Assets Trust Inc | Equity | 024013104 |  | 1434610 | 75785 | SH |  | DFND |  | 75785 | 0 | 0 |
| Americas Gold  Silver Corp | Equity | 03062D803 |  | 512970 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| Americold Realty Trust Inc | Option | 03064D108 |  | 2636300 | 205000 | SH | Call | DFND |  | 205000 | 0 | 0 |
| AppLovin Corp | Equity | 03831W108 |  | 1853005 | 2750 | SH |  | DFND |  | 2750 | 0 | 0 |
| ArriVent Biopharma Inc | Equity | 04272N102 |  | 711564 | 35366 | SH |  | DFND |  | 35366 | 0 | 0 |
| AvalonBay Communities Inc | Option | 053484101 |  | 18131000 | 100000 | SH | Call | DFND |  | 100000 | 0 | 0 |
| Barrick Mining Corp | Option | 06849F108 |  | 1089150 | 25000 | SH | Call | DFND |  | 25000 | 0 | 0 |
| BCE Inc | Option | 05534B760 |  | 11928009 | 500000 | SH | Call | DFND |  | 500000 | 0 | 0 |
| Berkshire Hathaway Inc | Equity | 084670702 |  | 868077 | 1727 | SH |  | DFND |  | 1727 | 0 | 0 |
| Biohaven Ltd | Equity | G1110E107 |  | 7534731 | 667381 | SH |  | DFND |  | 667381 | 0 | 0 |
| Blue Water Acquisition Corp III | Equity | G1368E106 |  | 25645200 | 2485000 | SH |  | DFND |  | 2485000 | 0 | 0 |
| Blue Water Acquisition Corp III | Equity Unit | G1368E122 |  | 1055000 | 100000 | SH |  | DFND |  | 100000 | 0 | 0 |
| Blue Water Acquisition Corp III | Warrant | G1368E114 |  | 13013840 | 1261031 | SH |  | DFND |  | 1261031 | 0 | 0 |
| Braemar Hotels  Resorts Inc | Equity | 10482B101 |  | 3495382 | 1217903 | SH |  | DFND |  | 1217903 | 0 | 0 |
| Broadstone Net Lease Inc | Equity | 11135E203 |  | 1389600 | 80000 | SH |  | DFND |  | 80000 | 0 | 0 |
| Brookdale Senior Living Inc | Equity | 112463104 |  | 3663108 | 339491 | SH |  | DFND |  | 339491 | 0 | 0 |
| Bullfrog AI Holdings Inc | Warrant | 12021E117 |  | 71286 | 80750 | SH |  | DFND |  | 80750 | 0 | 0 |
| CAE Inc | Equity | 124765108 |  | 4405785 | 145000 | SH |  | DFND |  | 145000 | 0 | 0 |
| Canadian Pacific Kansas City Ltd | Option | 13646K108 |  | 22089027 | 300000 | SH | Call | DFND |  | 300000 | 0 | 0 |
| Cantor Equity Partners I Inc | Equity | G1827K107 |  | 21233798 | 2039750 | SH |  | DFND |  | 2039750 | 0 | 0 |
| CAPRICOR THERAPEUTICS INC | Equity | 14070B309 |  | 1962999 | 68018 | SH |  | DFND |  | 68018 | 0 | 0 |
| CARVANA CO | Equity | 146869102 |  | 422020 | 1000 | SH |  | DFND |  | 1000 | 0 | 0 |
| Centerspace | Equity | 15202L107 |  | 1778488 | 26656 | SH |  | DFND |  | 26656 | 0 | 0 |
| Chewy Inc | Equity | 16679L109 |  | 991500 | 30000 | SH |  | DFND |  | 30000 | 0 | 0 |
| Churchill Capital Corp XI | Equity Unit | G2131A124 |  | 13282945 | 1300974 | SH |  | DFND |  | 1300974 | 0 | 0 |
| Clear Channel Outdoor Holdings Inc | Equity | 18453H106 |  | 43851819 | 19842452 | SH |  | DFND |  | 19842452 | 0 | 0 |
| Colliers International Group Inc | Equity | 194693107 |  | 3675250 | 25000 | SH |  | DFND |  | 25000 | 0 | 0 |
| Costco Wholesale Corp | Equity | 22160K105 |  | 787316 | 913 | SH |  | DFND |  | 913 | 0 | 0 |
| Cushman  Wakefield Ltd | Equity | G2717C106 |  | 2413978 | 149103 | SH |  | DFND |  | 149103 | 0 | 0 |
| Dave Inc | Warrant | 23834J110 |  | 420679 | 1900 | SH |  | DFND |  | 1900 | 0 | 0 |
| Digital Currency X Technology Inc | Equity | G4465R129 |  | 63935 | 171685 | SH |  | DFND |  | 171685 | 0 | 0 |
| Edible Garden AG Inc | Warrant | 28059P113 |  | 30405 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| Eightco Holdings Inc | Equity | 22890A302 |  | 14219178 | 8219178 | SH |  | DFND |  | 8219178 | 0 | 0 |
| Empery Digital Inc | Equity | 92864V608 |  | 10185857 | 2231294 | SH |  | DFND |  | 2231294 | 0 | 0 |
| Equinox Gold Corp | Option | 29446Y502 |  | 1404000 | 100000 | SH | Call | DFND |  | 100000 | 0 | 0 |
| ESSEX PROPERTY TRUST INC | Equity | 297178105 |  | 2381288 | 9100 | SH |  | DFND |  | 9100 | 0 | 0 |
| Fermi Inc | Equity | 314911108 |  | 2821376 | 352672 | SH |  | DFND |  | 352672 | 0 | 0 |
| FGI Industries Ltd | Warrant | G3302D111 |  | 4223649 | 740991 | SH |  | DFND |  | 740991 | 0 | 0 |
| FirstService Corp | Equity | 33767E202 |  | 2192973 | 14100 | SH |  | DFND |  | 14100 | 0 | 0 |
| Fiserv Inc | Equity | 337738108 |  | 1679250 | 25000 | SH |  | DFND |  | 25000 | 0 | 0 |
| Five9 Inc | Equity | 338307101 |  | 30864389 | 1539371 | SH |  | DFND |  | 1539371 | 0 | 0 |
| FutureCrest Acquisition Corp | Equity Unit | G3730U123 |  | 26511002 | 2588965 | SH |  | DFND |  | 2588965 | 0 | 0 |
| Globalstar Inc | Equity | 378973507 |  | 3052000 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| Gold Royalty Corp | Equity | 38071H106 |  | 11110000 | 2750000 | SH |  | DFND |  | 2750000 | 0 | 0 |
| Gold Royalty Corp | Warrant | 38071H122 |  | 2727000 | 675000 | SH |  | DFND |  | 675000 | 0 | 0 |
| Granite Real Estate Investment Trust | Equity | 387437205 |  | 2274353 | 38200 | SH |  | DFND |  | 38200 | 0 | 0 |
| Hudson Pacific Properties Inc | Option | 444097406 |  | 3611805 | 333500 | SH | Call | DFND |  | 333500 | 0 | 0 |
| Hudson Pacific Properties Inc | Equity | 444097406 |  | 2327356 | 214899 | SH |  | DFND |  | 214899 | 0 | 0 |
| i-80 Gold Corp | Warrant | 44955L155 |  | 4436003 | 3013847 | SH |  | DFND |  | 3013847 | 0 | 0 |
| Imperial Petroleum Inc | Equity | Y3894J187 |  | 15782328 | 4359759 | SH |  | DFND |  | 4359759 | 0 | 0 |
| iShares MSCI Canada ETF | Option | 464286509 |  | 53930000 | 1000000 | SH | Put | DFND |  | 1000000 | 0 | 0 |
| JAKKS Pacific Inc | Equity | 47012E403 |  | 2137869 | 126651 | SH |  | DFND |  | 126651 | 0 | 0 |
| Kartoon Studios Inc | Equity | 37229T509 |  | 3742836 | 5198384 | SH |  | DFND |  | 5198384 | 0 | 0 |
| Kilroy Realty Corp | Equity | 49427F108 |  | 2615900 | 70000 | SH |  | DFND |  | 70000 | 0 | 0 |
| Kite Realty Group Trust | Equity | 49803T300 |  | 2170963 | 90570 | SH |  | DFND |  | 90570 | 0 | 0 |
| Lamb Weston Holdings Inc | Equity | 513272104 |  | 6249443 | 149187 | SH |  | DFND |  | 149187 | 0 | 0 |
| Laser Photonics Corp | Equity | 51807Q100 |  | 1017855 | 412087 | SH |  | DFND |  | 412087 | 0 | 0 |
| Lionsgate Studios Corp | Equity | 53626N102 |  | 87254935 | 9556948 | SH |  | DFND |  | 9556948 | 0 | 0 |
| LOVESAC CO/THE | Option | 54738L109 |  | 4425000 | 300000 | SH | Call | DFND |  | 300000 | 0 | 0 |
| LOVESAC CO/THE | Equity | 54738L109 |  | 15792309 | 1070665 | SH |  | DFND |  | 1070665 | 0 | 0 |
| M3-Brigade Acquisition V Corp | Equity | G63212107 |  | 30192570 | 2840317 | SH |  | DFND |  | 2840317 | 0 | 0 |
| Markel Group Inc | Equity | 570535104 |  | 947996 | 441 | SH |  | DFND |  | 441 | 0 | 0 |
| Match Group Inc | Equity | 57667L107 |  | 42231413 | 1307879 | SH |  | DFND |  | 1307879 | 0 | 0 |
| Medicus Pharma Ltd | Warrant | 58471K111 |  | 64872 | 42400 | SH |  | DFND |  | 42400 | 0 | 0 |
| Mount Logan Capital Inc | Equity | 62188E103 |  | 3792244 | 459666 | SH |  | DFND |  | 459666 | 0 | 0 |
| New America Acquisition I Corp | Equity Unit | 023634207 |  | 30901991 | 2968491 | SH |  | DFND |  | 2968491 | 0 | 0 |
| NIKE Inc | Option | 654106103 |  | 3185500 | 50000 | SH | Call | DFND |  | 50000 | 0 | 0 |
| NRX Therapeutics Inc | Equity | 629444209 |  | 8249123 | 3043957 | SH |  | DFND |  | 3043957 | 0 | 0 |
| NVIDIA CORP | Equity | 67066G104 |  | 42874485 | 229890 | SH |  | DFND |  | 229890 | 0 | 0 |
| OmniAb Inc | Warrant | 68218J111 |  | 21891 | 11833 | SH |  | DFND |  | 11833 | 0 | 0 |
| Onfolio Holdings Inc | Warrant | 68277K124 |  | 121195 | 178490 | SH |  | DFND |  | 178490 | 0 | 0 |
| OR Royalties Inc | Option | 68390D106 |  | 3542699 | 100000 | SH | Call | DFND |  | 100000 | 0 | 0 |
| Oracle Corp | Option | 68389X105 |  | 9745500 | 50000 | SH | Call | DFND |  | 50000 | 0 | 0 |
| Osisko Development Corp | Equity | 68828E809 |  | 968185 | 277417 | SH |  | DFND |  | 277417 | 0 | 0 |
| Procap Financial Inc | Equity | 74277P105 |  | 8660064 | 2453276 | SH |  | DFND |  | 2453276 | 0 | 0 |
| Purple Innovation Inc | Equity | 74640Y106 |  | 207150 | 300000 | SH |  | DFND |  | 300000 | 0 | 0 |
| Rail Vision Ltd | Warrant | M8186D114 |  | 73263 | 226120 | SH |  | DFND |  | 226120 | 0 | 0 |
| Rekor Systems Inc | Equity | 759419104 |  | 10394600 | 7532319 | SH |  | DFND |  | 7532319 | 0 | 0 |
| RenX Enterprises Corp | Equity | 78637J204 |  | 13650 | 71840 | SH |  | DFND |  | 71840 | 0 | 0 |
| Resideo Technologies Inc | Equity | 76118Y104 |  | 3160800 | 90000 | SH |  | DFND |  | 90000 | 0 | 0 |
| Richtech Robotics Inc | Option | 765504105 |  | 969000 | 300000 | SH | Call | DFND |  | 300000 | 0 | 0 |
| Riskified Ltd | Equity | M8216R109 |  | 3149718 | 633746 | SH |  | DFND |  | 633746 | 0 | 0 |
| Rivian Automotive Inc | Option | 76954A103 |  | 492750 | 25000 | SH | Call | DFND |  | 25000 | 0 | 0 |
| Sea Ltd | ADR | 81141R100 |  | 2551400 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| SharkNinja Inc | Equity | G8068L108 |  | 559500 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| SITE Centers Corp | Equity | 82981J851 |  | 2189381 | 341025 | SH |  | DFND |  | 341025 | 0 | 0 |
| SL Green Realty Corp | Equity | 78440X887 |  | 917400 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| Solidion Technology Inc | Equity | 834212201 |  | 1704436 | 240400 | SH |  | DFND |  | 240400 | 0 | 0 |
| Sono Group NV | Equity | N81409125 |  | 266378 | 38054 | SH |  | DFND |  | 38054 | 0 | 0 |
| SPDR S 500 ETF Trust | Option | 78462F103 |  | 34096000 | 50000 | SH | Put | DFND |  | 50000 | 0 | 0 |
| Spero Therapeutics Inc | Equity | 84833T103 |  | 1456394 | 625062 | SH |  | DFND |  | 625062 | 0 | 0 |
| Strategy Inc | Option | 594972408 |  | 113962500 | 750000 | SH | Put | DFND |  | 750000 | 0 | 0 |
| Sun Communities Inc | Equity | 866674104 |  | 2849930 | 23000 | SH |  | DFND |  | 23000 | 0 | 0 |
| Super Group SGHC Ltd | Equity | G8588X103 |  | 3047250 | 255000 | SH |  | DFND |  | 255000 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co Ltd | ADR | 874039100 |  | 1063615 | 3500 | SH |  | DFND |  | 3500 | 0 | 0 |
| Tapestry Inc | Equity | 876030107 |  | 3833100 | 30000 | SH |  | DFND |  | 30000 | 0 | 0 |
| TELUS Corp | Equity | 87971M103 |  | 5272515 | 400000 | SH |  | DFND |  | 400000 | 0 | 0 |
| Tenaya Therapeutics Inc | Equity | 87990A106 |  | 2954835 | 4152966 | SH |  | DFND |  | 4152966 | 0 | 0 |
| TESLA INC. | Equity | 88160R101 |  | 8601794 | 19127 | SH |  | DFND |  | 19127 | 0 | 0 |
| Texas Ventures Acquisition III Corp | Warrant | G8772L113 |  | 9052500 | 850000 | SH |  | DFND |  | 850000 | 0 | 0 |
| Texas Ventures Acquisition III Corp | Equity | G8772L105 |  | 23429382 | 2199942 | SH |  | DFND |  | 2199942 | 0 | 0 |
| Trip.com Group Ltd | ADR | 89677Q107 |  | 719100 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| Upstart Holdings Inc | Equity | 91680M107 |  | 342362 | 7829 | SH |  | DFND |  | 7829 | 0 | 0 |
| UWM Holdings Corp | Option | 91823B109 |  | 2224164 | 507800 | SH | Call | DFND |  | 507800 | 0 | 0 |
| VanEck Junior Gold Miners ETF | Option | 92189F791 |  | 15166874 | 133300 | SH | Put | DFND |  | 133300 | 0 | 0 |
| Vistra Corp | Equity | 92840M102 |  | 806650 | 5000 | SH |  | DFND |  | 5000 | 0 | 0 |
| VYNE Therapeutics Inc | Equity | 92941V308 |  | 739271 | 1274386 | SH |  | DFND |  | 1274386 | 0 | 0 |
| Welltower Inc | Equity | 95040Q104 |  | 2876955 | 15500 | SH |  | DFND |  | 15500 | 0 | 0 |
| West Fraser Timber Co Ltd | Equity | 952845105 |  | 1227178 | 20100 | SH |  | DFND |  | 20100 | 0 | 0 |
| Wolfspeed Inc | Equity | 97785W106 |  | 745444 | 42817 | SH |  | DFND |  | 42817 | 0 | 0 |
| XBP Global Holdings Inc | Warrant | 98400V119 |  | 85377 | 12537 | SH |  | DFND |  | 12537 | 0 | 0 |
| Yorkville Acquisition Corp | Warrant | G98659124 |  | 4634141 | 457467 | SH |  | DFND |  | 457467 | 0 | 0 |
| Yorkville Acquisition Corp | Equity | G98659116 |  | 17972140 | 1774150 | SH |  | DFND |  | 1774150 | 0 | 0 |
| Zeta Network Group | Equity | G2287A134 |  | 344794 | 595397 | SH |  | DFND |  | 595397 | 0 | 0 |
| Zillow Group Inc | Equity | 98954M200 |  | 2046600 | 30000 | SH |  | DFND |  | 30000 | 0 | 0 |

---