# EDGAR Filing Document

**Accession Number:** 0001144208
**File Stem:** 0001144208-26-000003
**Filing Date:** 2026-4
**Character Count:** 14350
**Document Hash:** 28698eb88ac571aa91430cd7a65de0c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001144208-26-000003.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001144208-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLUEFIN CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001144208

**ORGANIZATION NAME:**
- **EIN:** 134176094
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20399
- **FILM NUMBER:** 26911715

**BUSINESS ADDRESS:**
- **STREET 1:** 41 MADISON AVENUE
- **STREET 2:** 36TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 646--915-1832

**MAIL ADDRESS:**
- **STREET 1:** 41 MADISON AVENUE
- **STREET 2:** 36TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLUEFIN TRADING, LLC
- **DATE OF NAME CHANGE:** 20200106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLUEFIN CAPITAL MANAGEMENT, LLC
- **DATE OF NAME CHANGE:** 20200106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLUEFIN TRADING, LLC
- **DATE OF NAME CHANGE:** 20040213

### 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:** BLUEFIN CAPITAL MANAGEMENT LLC<br>**Address:** 41 MADISON AVENUE<br>36TH FLOOR<br>NEW YORK, NY 10010

**Form 13F File Number:** 028-20399

**CRD Number (if applicable):** 000113892

**SEC File Number (if applicable):** 8-53382

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:** Jeffrey Jacobus<br>**Title:** Chief Compliance Office<br>**Phone:** 646-963-2717

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

/s/ Jeffrey Jacobus  New York, NY  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:** 91

**Form 13F Information Table Value Total:** $312512924

      (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 |
| ACRIVON THERAPEUTICS INC | COMMON STOCK | 004890109 | BBG011RWR2R3 | 76091 | 42039 | SH |  | SOLE |  | 42039 | 0 | 0 |
| ADICET BIO INC | COM | 007002108 | BBG00JCXSJQ2 | 54165 | 66854 | SH |  | SOLE |  | 66854 | 0 | 0 |
| ALLETE INC | COM NEW | 018522300 | BBG001S77110 | 21600 | 72000 | SH | Put | SOLE |  | 72000 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG001S5NSK6 | 200104 | 1617 | SH |  | SOLE |  | 1617 | 0 | 0 |
| ATEA PHARMACEUTICALS INC | COM | 04683R106 | BBG00TZNCJ84 | 70226 | 24216 | SH |  | SOLE |  | 24216 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 | BBG00DYPZ4V7 | 23035 | 27100 | SH | Put | SOLE |  | 27100 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1276330 | 28300 | PRN |  | SOLE |  | 28300 | 0 | 0 |
| CENTURY THERAPEUTICS INC | COM | 15673T100 | BBG00PM8N5Y8 | 11961 | 24018 | SH |  | SOLE |  | 24018 | 0 | 0 |
| CHART INDS INC | 6.75DP CNV PFD B | 16115Q407 |  | 22383900 | 315000 | SH |  | SOLE |  | 315000 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 | BBG001SQV7W4 | 7980 | 22800 | SH | Put | SOLE |  | 22800 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 3594964 | 23150 | PRN |  | SOLE |  | 23150 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 | BBG00XYHY0L1 | 367275 | 29172 | SH |  | SOLE |  | 29172 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 2050300 | 20200 | PRN |  | SOLE |  | 20200 | 0 | 0 |
| CLIMB BIO INC | COM | 28658R106 | BBG00ZNKL0L5 | 120570 | 59985 | SH |  | SOLE |  | 59985 | 0 | 0 |
| COHEN  STEERS INFRASTRUCTUR | RIGHT 10/16/2025 | 19248A117 | BBG01X5Z37C1 | 10632 | 136311 | SH |  | SOLE |  | 136311 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 | BBG00J5SXTJ1 | 397766 | 49535 | SH |  | SOLE |  | 49535 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 | BBG00J5SXTJ1 | 219385 | 98600 | SH | Call | SOLE |  | 98600 | 0 | 0 |
| COMPOSECURE INC | *W EXP 12/27/202 | 20459V113 |  | 334184 | 26149 | PRN |  | SOLE |  | 26149 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A114 |  | 311254 | 26763 | SH |  | SOLE |  | 26763 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 10915737 | 608458 | SH |  | SOLE |  | 608458 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 638625 | 340600 | PRN | Call | SOLE |  | 340600 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 3098237 | 1564200 | SH | Call | SOLE |  | 1564200 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 263354 | 622800 | SH | Put | SOLE |  | 622800 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 103918416 | 759360 | SH |  | SOLE |  | 759360 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 47685067 | 2494402 | SH | Call | SOLE |  | 2494402 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 21820205 | 670700 | PRN | Call | SOLE |  | 670700 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 207985 | 95700 | PRN | Put | SOLE |  | 95700 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 729514 | 506300 | SH | Put | SOLE |  | 506300 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 30000 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 9375 | 75000 | SH | Put | SOLE |  | 75000 | 0 | 0 |
| EASTERN BANKSHARES INC | COM | 27627N105 | BBG00W9KWY41 | 257603 | 14193 | SH |  | SOLE |  | 14193 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 5472324 | 318900 | PRN |  | SOLE |  | 318900 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 40004 | 128000 | PRN | Put | SOLE |  | 128000 | 0 | 0 |
| ENOVIS CORPORATION | COM | 194014502 | BBG001SC04J1 | 455100 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| FG MERGER II CORP | RIGHT 02/11/2030 | 30334J128 | BBG01S6Z72D7 | 87909 | 209356 | SH |  | SOLE |  | 209356 | 0 | 0 |
| FORD MTR CO | COM | 345370860 | BBG001S5TZ33 | 1056068 | 88300 | PRN |  | SOLE |  | 88300 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 | BBG01R72Q570 | 488183 | 66060 | SH |  | SOLE |  | 66060 | 0 | 0 |
| GREYSTONE HOUSING IMPACT INV | BEN UNIT CTF | 02364V206 | BBG001S5NXK5 | 1062970 | 103201 | PRN |  | SOLE |  | 103201 | 0 | 0 |
| ICAHN ENTERPRISES LP | DEPOSITARY UNIT | 451100101 | BBG001S5NBT4 | 318276 | 37800 | PRN |  | SOLE |  | 37800 | 0 | 0 |
| INOTIV INC | COM | 45783Q100 | BBG001SBF7J0 | 141810 | 97800 | PRN |  | SOLE |  | 97800 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 | BBG001T0NSB6 | 451565 | 38928 | SH |  | SOLE |  | 38928 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 | BBG001T0NSB6 | 3248603 | 280052 | PRN |  | SOLE |  | 280052 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 20465413 | 34088 | SH |  | SOLE |  | 34088 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 377900 | 70000 | PRN | Call | SOLE |  | 70000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 165150 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 785400 | 100000 | PRN | Put | SOLE |  | 100000 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 | BBG001SFGL81 | 2360556 | 37104 | SH |  | SOLE |  | 37104 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 5302762 | 65313 | SH |  | SOLE |  | 65313 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 2400 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| KELLANOVA | COM | 487836108 | BBG001S5SJL0 | 61581 | 102700 | SH | Put | SOLE |  | 102700 | 0 | 0 |
| KEZAR LIFE SCIENCES INC | COM NEW | 49372L209 | BBG009DVZVW5 | 131079 | 33610 | SH |  | SOLE |  | 33610 | 0 | 0 |
| KODIAK AI INC. | *W EXP 09/25/203 | 500081112 |  | 41416 | 38888 | SH |  | SOLE |  | 38888 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 | BBG001V0GFD7 | 2750267 | 120944 | SH |  | SOLE |  | 120944 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 | BBG001V0GFD7 | 638250 | 111000 | SH | Put | SOLE |  | 111000 | 0 | 0 |
| MAGNERA CORP | COM SHS | 55939A107 | BBG001S5RLF3 | 398914 | 34037 | SH |  | SOLE |  | 34037 | 0 | 0 |
| MBIA INC | COM | 55262C100 | BBG001S5T021 | 506667 | 68009 | SH |  | SOLE |  | 68009 | 0 | 0 |
| MYERS INDS INC | COM | 628464109 | BBG001S5TH97 | 1290421 | 76176 | SH |  | SOLE |  | 76176 | 0 | 0 |
| NET LEASE OFFICE PROPERTIES | COM | 64110Y108 | BBG01JKVZRT7 | 738415 | 24896 | PRN |  | SOLE |  | 24896 | 0 | 0 |
| NET POWER INC | *W EXP 06/08/202 | 64107A113 |  | 36135 | 48180 | SH |  | SOLE |  | 48180 | 0 | 0 |
| NEURONETICS INC | COM | 64131A105 | BBG001SSSWY7 | 116585 | 42705 | SH |  | SOLE |  | 42705 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 | BBG00MJH9M32 | 5000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG001S5TZG9 | 264931 | 5607 | SH |  | SOLE |  | 5607 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 843720 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 7194424 | 380255 | SH |  | SOLE |  | 380255 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 82625 | 54900 | SH | Call | SOLE |  | 54900 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 94389 | 43800 | PRN | Call | SOLE |  | 43800 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 53289 | 1166100 | SH | Put | SOLE |  | 1166100 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 15602 | 47300 | PRN | Put | SOLE |  | 47300 | 0 | 0 |
| PLIANT THERAPEUTICS INC | COM | 729139105 | BBG00C8083P2 | 61044 | 41246 | PRN |  | SOLE |  | 41246 | 0 | 0 |
| PROSHARES TR | BITCOIN ETF | 74347G440 | BBG0131STKH5 | 543168 | 27600 | PRN |  | SOLE |  | 27600 | 0 | 0 |
| PROSHARES TR | BITCOIN ETF | 74347G440 | BBG0131STKH5 | 728 | 20800 | PRN | Put | SOLE |  | 20800 | 0 | 0 |
| RALLIANT CORP | COM | 750940108 | BBG01V4YRP33 | 218650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 6245983 | 357731 | SH |  | SOLE |  | 357731 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 53735 | 183600 | PRN | Call | SOLE |  | 183600 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 374591 | 917000 | SH | Call | SOLE |  | 917000 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 1923120 | 977600 | SH | Put | SOLE |  | 977600 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 355470 | 1000 | PRN |  | SOLE |  | 1000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 477000 | 60000 | PRN | Call | SOLE |  | 60000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 18586422 | 27900 | SH |  | SOLE |  | 27900 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 240250 | 50000 | PRN | Call | SOLE |  | 50000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 140500 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 231300 | 70000 | PRN | Put | SOLE |  | 70000 | 0 | 0 |
| STAR HLDGS | SHS BEN INT | 85512G106 | BBG01C70G355 | 1062880 | 129147 | SH |  | SOLE |  | 129147 | 0 | 0 |
| STAR HLDGS | SHS BEN INT | 85512G106 | BBG01C70G355 | 985460 | 119740 | PRN |  | SOLE |  | 119740 | 0 | 0 |
| SUTRO BIOPHARMA INC | COM | 869367102 | BBG001T94MP6 | 30337 | 34934 | SH |  | SOLE |  | 34934 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 878600 | 11500 | PRN |  | SOLE |  | 11500 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 193750 | 50000 | PRN | Call | SOLE |  | 50000 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 | BBG001T60G06 | 1089330 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 | BBG001T60G06 | 108125 | 25000 | PRN | Call | SOLE |  | 25000 | 0 | 0 |
| VISIONWAVE HOLDINGS INC | *W EXP 07/14/203 | 927950113 |  | 13326 | 32400 | SH |  | SOLE |  | 32400 | 0 | 0 |
| ZENTALIS PHARMACEUTICALS INC | COM | 98943L107 | BBG00R2K8TG4 | 47212 | 31266 | SH |  | SOLE |  | 31266 | 0 | 0 |

---