ARISTEIA CAPITAL, L.L.C. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$4.6B

Holdings

607

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (607 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NDQINVESCO QQQ TR	1,015,000	$623.5M	13.52%	Put
2	SPYSPDR S&P 500 ETF TR	600,000	$409.1M	8.87%	Put
3	HEIHEICO CORP NEW	889,228	$224.5M	4.87%
4	MSTR 0 12/01/29STRATEGY INC	271,968,000	$224.0M	4.86%
5	0J7QIAC INC	5,702,459	$223.0M	4.83%
6	CUKCARNIVAL PLC	4,130,919	$125.3M	2.72%
7	GH 0 11/15/27GUARDANT HEALTH INC	113,720,000	$122.9M	2.66%
8	NET 0 08/15/26CLOUDFLARE INC	103,712,000	$122.0M	2.64%
9	CIVICIVITAS RESOURCES INC	4,081,641	$110.6M	2.40%
10	SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC	120,864,000	$107.9M	2.34%
11	SNOW 0 10/01/27SNOWFLAKE INC	71,414,000	$106.2M	2.30%
12	LBRDKLIBERTY BROADBAND CORP	1,893,185	$92.0M	1.99%
13	BATRAATLANTA BRAVES HLDGS INC	2,053,678	$81.0M	1.76%
14	DUK 4.125 04/15/26DUKE ENERGY CORP NEW	77,740,000	$80.2M	1.74%
15	SPOT 0 03/15/26SPOTIFY USA INC	62,114,000	$70.7M	1.53%
16	XOPSPDR SERIES TRUST	500,500	$63.2M	1.37%	Put
17	LBRDALIBERTY BROADBAND CORP	1,259,939	$60.8M	1.32%
18	EVRG 4.5 12/15/27EVERGY INC	48,000,000	$58.5M	1.27%
19	AFRM 0.75 12/15/29AFFIRM HLDGS INC	52,500,000	$58.3M	1.26%
20	XYZ 0 05/01/26BLOCK INC	47,576,000	$46.9M	1.02%
21	FOXFOX CORP	705,456	$45.8M	0.99%
22	ABNB 0 03/15/26AIRBNB INC	43,761,000	$43.4M	0.94%
23	CORZWCORE SCIENTIFIC INC NEW	5,116,121	$43.2M	0.94%
24	WEC 4.375 06/01/27WEC ENERGY GROUP INC	25,000,000	$28.3M	0.61%
25	RNG 0 03/15/26RINGCENTRAL INC	28,000,000	$27.7M	0.60%
26	WWWW INTL INC	920,091	$26.9M	0.58%
27	F 0 03/15/26FORD MTR CO	24,500,000	$25.5M	0.55%
28	SOFI 0 10/15/26SOFI TECHNOLOGIES INC	17,000,000	$22.0M	0.48%
29	CFLT 0 01/15/27CONFLUENT INC	21,836,000	$21.3M	0.46%
30	NWSANEWS CORP NEW	801,012	$20.9M	0.45%
31	YCYAA MISSION ACQUISITION CORP	1,818,429	$19.4M	0.42%
32	BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC	10,000,000	$18.9M	0.41%
33	AFRM 0 11/15/26AFFIRM HLDGS INC	19,150,000	$18.5M	0.40%
34	TDSTELEPHONE & DATA SYS INC	450,000	$18.4M	0.40%
35	BCARD. BORAL ARC ACQ I CORP.	1,800,000	$18.1M	0.39%
36	SDHISIDDHI ACQUISITION CORP	1,650,000	$17.0M	0.37%
37	ANSCAGRICULTURE & NAT SOL ACQ CO	1,500,623	$16.8M	0.36%
38	SPHR 3.5 12/01/28SPHERE ENTERTAINMENT CO	6,000,000	$16.5M	0.36%
39	AEIS 2.5 09/15/28ADVANCED ENERGY INDS	10,000,000	$16.4M	0.36%
40	VCICVINE HILL CAP INVT CORP.	1,514,440	$16.3M	0.35%
41	IONS 1.75 06/15/28IONIS PHARMACEUTICALS INC	10,000,000	$15.9M	0.35%
42	BIXIBITCOIN INFRASTRUCTURE ACQUI	1,551,000	$15.3M	0.33%
43	TMDX 1.5 06/01/28TRANSMEDICS GROUP INC	10,000,000	$15.0M	0.33%
44	LOBLIVE OAK ACQUISITION CORP V	1,425,000	$14.7M	0.32%
45	FYBRFRONTIER COMMUNICATIONS PARE	373,385	$14.2M	0.31%
46	KCHVKOCHAV DEFENSE ACQUI CO	1,325,000	$13.4M	0.29%
47	CCIXCHURCHILL CAPITAL CORP IX	1,261,602	$13.4M	0.29%
48	DRDBROMAN DBDR ACQUISITION CORP	1,234,023	$12.9M	0.28%
49	GH 1.25 02/15/31GUARDANT HEALTH INC	7,000,000	$12.8M	0.28%
50	UPWK 0.25 08/15/26UPWORK INC	13,058,000	$12.8M	0.28%
51	ITHAITHAX ACQUISITION CORP III	1,250,000	$12.5M	0.27%
52	NPACNEW PROVIDENCE ACQUISITION C	1,200,000	$12.3M	0.27%
53	OTGAOTG ACQUISITION CORP. I	1,225,000	$12.3M	0.27%
54	FLNC 2.25 06/15/30FLUENCE ENERGY INC	10,000,000	$12.1M	0.26%
55	VACHVOYAGER ACQUISITION CORP	1,078,263	$11.5M	0.25%
56	MESHMESHFLOW ACQUISITION CORP	1,150,000	$11.5M	0.25%
57	TVAITHAYER VENTURES ACQ CORP II	1,125,000	$11.4M	0.25%
58	IPODDUNE ACQUISITION CORP II	1,100,000	$11.2M	0.24%
59	GVA 3.25 06/15/30GRANITE CONSTR INC	7,000,000	$11.2M	0.24%
60	COPLCOPLEY ACQUISITION CORP	1,085,430	$11.1M	0.24%
61	DMIIDRUGS MADE IN AMER ACQ II CO	1,100,000	$10.9M	0.24%
62	WWAYFAIR INC	4,750,000	$10.9M	0.24%
63	SZZLSIZZLE ACQUISITION CORP. II	1,050,000	$10.7M	0.23%
64	GIGGIGCAPITAL7 CORP	1,005,240	$10.6M	0.23%
65	OSIS 2.25 08/01/29OSI SYSTEMS INC	7,000,000	$10.4M	0.23%
66	CLSK 0 06/15/30CLEANSPARK INC	10,000,000	$10.4M	0.23%
67	RAAQREAL ASSET ACQUISITION CORP	1,000,000	$10.2M	0.22%
68	BEBETGE VALUE CREATIVE SOLUTIONS	1,021,200	$10.2M	0.22%
69	ADACAMERICAN DRIVE ACQUISITION C	1,016,800	$10.1M	0.22%
70	—BAIN CAP GSS INVT CORP	1,000,000	$10.1M	0.22%
71	LPCVLAUNCHPAD CADENZA ACQUISITIO	1,000,800	$10.0M	0.22%
72	TONXTON STRATEGY CO	4,849,363	$9.7M	0.21%
73	VNMEVENDOME ACQUISITION CORP I	925,000	$9.3M	0.20%
74	DMIIDRUGS MADE IN AMER ACQUTN CO	881,716	$9.1M	0.20%
75	TDOC 1.25 06/01/27TELADOC HEALTH INC	9,500,000	$9.1M	0.20%
76	—SILICON VY ACQUISITION CORP	900,000	$8.9M	0.19%
77	GSRFGSR IV ACQUISITION CORP	875,000	$8.7M	0.19%
78	PAIIPYROPHYTE ACQUISITION CORP.	850,000	$8.6M	0.19%
79	SOULSOULPOWER ACQUISITION CORP	829,341	$8.4M	0.18%
80	GIWGIGCAPITAL8 CORP	850,000	$8.4M	0.18%
81	GTENGORES HLDGS X INC	800,000	$8.2M	0.18%
82	SBXESILVERBOX CORP V	800,000	$8.1M	0.17%
83	MIRM 4 05/01/29MIRUM PHARMACEUTICALS INC	3,000,000	$7.8M	0.17%
84	CGCTCARTESIAN GROWTH CORP III	750,000	$7.7M	0.17%
85	IPCXINFLECTION PT ACQUISITION CO	750,000	$7.6M	0.16%
86	HLF 4.25 06/15/28HERBALIFE LTD	7,000,000	$7.6M	0.16%
87	UPST 2 10/01/29UPSTART HLDGS INC	6,000,000	$7.6M	0.16%
88	VGVENTURE GLOBAL INC	1,098,714	$7.5M	0.16%
89	GPORGULFPORT ENERGY CORP	35,275	$7.3M	0.16%
90	RRCRANGE RES CORP	204,226	$7.2M	0.16%
91	INVA 2.125 03/15/28INNOVIVA INC	7,000,000	$7.2M	0.16%
92	—GENERAL PURP ACQUISITION COR	701,357	$7.0M	0.15%
93	KOYNDIGITAL ASSET ACQUISITION CO	685,540	$7.0M	0.15%
94	PLMKPLUM ACQUISITION CORP IV	651,175	$6.8M	0.15%
95	DDOGDATADOG INC	49,851	$6.8M	0.15%
96	VLOVALERO ENERGY CORP	41,445	$6.7M	0.15%
97	EQTEQT CORP	125,601	$6.7M	0.15%
98	EXEEXPAND ENERGY CORPORATION	60,915	$6.7M	0.15%
99	SMSM ENERGY CO	354,788	$6.6M	0.14%
100	ARANTERO RESOURCES CORP	190,989	$6.6M	0.14%

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