Context Capital Management, LLC

CIK: 0001301396SEC EDGAR →

Portfolio Value

$3.9B

Holdings

327

As of

Q4 2025

New Positions

Closed Positions

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	MSTR 0 12/01/29 STRATEGY INC	227,716,000	$187.5M	4.83%
2	SATS 3.875 11/30/30 ECHOSTAR CORP	47,840,217	$159.9M	4.12%
3	PTON 5.5 12/01/29 PELOTON INTERACTIVE INC	80,936,000	$135.0M	3.48%
4	MARA 0 06/01/31 MARA HOLDINGS INC	144,000,000	$120.5M	3.11%
5	CNMD 2.25 06/15/27 CONMED CORP	119,429,000	$114.7M	2.95%
6	TDOC 1.25 06/01/27 TELADOC HEALTH INC	117,115,000	$111.8M	2.88%
7	FLNC 2.25 06/15/30 FLUENCE ENERGY INC	77,173,000	$93.6M	2.41%
8	BBIO 2.25 02/01/29 BRIDGEBIO PHARMA INC	79,754,000	$89.8M	2.31%
9	SMCI 3.5 03/01/29 SUPER MICRO COMPUTER INC	97,362,000	$86.9M	2.24%
10	TNDM 1.5 03/15/29 2024 TANDEM DIABETES CARE INC	81,129,000	$82.7M	2.13%

Quarterly Changes

Top Buys

MSTR 0 12/01/29NEW

$187.5M

MARA 0 06/01/31NEW

$120.5M

FLNC 2.25 06/15/30NEW

$93.6M

CLSK 0 06/15/30NEW

$81.2M

PMT 8.5 06/01/29↑ Increased

$62.1M

Top Sells

BE 3 06/01/28CLOSED

$212.4M

SATS 3.875 11/30/30↓ Decreased

$99.0M

BE 3 06/01/29CLOSED

$64.0M

AGCN 0.375 01/15/27CLOSED

$30.0M

SMTC 4 11/01/28CLOSED

$27.4M

New Positions (113)

MSTR 0 12/01/29

$187.5M · 227.7M shares

MARA 0 06/01/31

$120.5M · 144.0M shares

FLNC 2.25 06/15/30

$93.6M · 77.2M shares

CLSK 0 06/15/30

$81.2M · 78.1M shares

APLD 2.75 06/01/30

$57.1M · 21.1M shares

UPST 1 11/15/30

$52.7M · 60.2M shares

LEU 2.25 11/01/30

$52.2M · 19.4M shares

ENPH 0 03/01/28

$47.4M · 54.3M shares

METC 0 11/01/31

$32.5M · 38.2M shares

GPRE 5.25 11/01/30 UNRS

$29.0M · 27.5M shares

ALHC 4.25 11/15/29

$28.2M · 18.5M shares

BYND 7 10/15/30

$24.1M · 31.1M shares

AFRM 0.75 12/15/29

$23.1M · 20.8M shares

TE 5.25 12/01/30

$17.9M · 14.0M shares

ATRO 5.5 03/15/30

$17.7M · 6.9M shares

SEI 0.25 10/01/31

$15.8M · 14.6M shares

ANIP 2.25 09/01/29

$12.6M · 10.0M shares

WOLF 2.5 06/15/31

$9.5M · 6.4M shares

HTZ 8 07/15/29

$8.9M · 7.8M shares

GPRE 5.25 11/01/30 144A

$8.8M · 8.4M shares

MBVI

$7.9M · 791K shares

HLF 4.25 06/15/28

$7.8M · 7.2M shares

DMII

$7.4M · 750K shares

SPRING VY ACQUISITION CORP I

$6.5M · 641K shares

$6.5M · 650K shares

$6.0M · 600K shares

$5.5M · 100K shares

$5.1M · 500K shares

$5.0M · 500K shares

MCKINLEY ACQUISITION CORP

$5.0M · 500K shares

SILICON VY ACQUISITION CORP

$5.0M · 500K shares

CROWN RESV ACQUISITION CORP

$5.0M · 500K shares

ZTS

$4.7M · 37K shares

TALON CAP CORP

$4.5M · 450K shares

$4.5M · 450K shares

$4.3M · 425K shares

$4.0M · 400K shares

$4.0M · 400K shares

$4.0M · 400K shares

$4.0M · 400K shares

$3.5M · 350K shares

CSLM DIGITA ASSET ACQ CORP I

$3.5M · 350K shares

$3.5M · 3.8M shares

$3.4M · 48K shares

$3.0M · 300K shares

$3.0M · 300K shares

$3.0M · 300K shares

$3.0M · 300K shares

$2.7M · 275K shares

$2.6M · 250K shares

$2.5M · 250K shares

$2.5M · 250K shares

$2.5M · 250K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$1.7M · 175K shares

BAIN CAP GSS INVT CORP

$1.5M · 150K shares

BLZR

$1.5M · 150K shares

HVMC

$1.5M · 150K shares

RANGE CAP ACQUISITION CORP I

$1.5M · 150K shares

APEX TREAS CORP

$1.5M · 150K shares

CHEC

$1.4M · 136K shares

FCRS

$1.0M · 100K shares

SOCIAL COMM PARTNERS CORP

$1.0M · 100K shares

$990K · 100K shares

$499K · 50K shares

$463K · 63K shares

$257K · 25K shares

$229K · 23K shares

$135K · 57K shares

SPRING VY ACQUISITION CORP I

$134K · 215K shares

DMII

$105K · 750K shares

CROWN RESV ACQUISITION CORP

$102K · 500K shares

MBVI

$97K · 264K shares

TALON CAP CORP

$88K · 150K shares

EVOX

$66K · 150K shares

MKLY

$64K · 500K shares

CSLM DIGITA ASSET ACQ CORP I

$61K · 175K shares

BTC DEV CORP

$59K · 88K shares

$53K · 150K shares

$52K · 75K shares

$49K · 150K shares

$48K · 300K shares

$47K · 250K shares

$45K · 25K shares

$33K · 300K shares

$32K · 83K shares

$32K · 200K shares

$32K · 100K shares

$24K · 50K shares

RANGE CAP ACQUISITION CORP I

$24K · 75K shares

LATA

$23K · 67K shares

YCY

$22K · 100K shares

CROWN RESV ACQUISITION CORP

$21K · 250K shares

HVMC

$20K · 75K shares

APEX TREAS CORP

$20K · 75K shares

BAIN CAP GSS INVT CORP

$19K · 30K shares

$18K · 25K shares

$18K · 55K shares

$12K · 68K shares

$11K · 100K shares

$9K · 24K shares

$3K · 4K shares

$2K · 5K shares

$2K · 5K shares

$2K · 72K shares

$1K · 98K shares

$1K · 75K shares

$0 · 33K shares

Closed Positions (55)

$212.4M · 47K shares

$64.0M · 15K shares

$30.0M · 28K shares

$27.4M · 8K shares

$24.4M · 19K shares

$21.2M · 19K shares

$14.6M · 71K shares

$14.3M · 16K shares

$12.8M · 10K shares

$12.4M · 12K shares

$12.0M · 305K shares

$11.2M · 9K shares

$10.4M · 150K shares

$9.9M · 200K shares

$9.7M · 8K shares

$9.7M · 26K shares

$9.4M · 144K shares

$9.1M · 9K shares

$8.9M · 880K shares

$8.4M · 5K shares

$7.5M · 750K shares

SPRING VY ACQUISITION CORP I

$6.6M · 646K shares

$6.4M · 9K shares

$6.4M · 11K shares

$6.0M · 6K shares

$5.0M · 500K shares

$4.8M · 5K shares

$4.6M · 450K shares

$4.5M · 450K shares

$4.4M · 5K shares

CSLM DIGITA ASSET ACQ CORP I

$3.5M · 350K shares

$3.5M · 350K shares

$3.2M · 9K shares

$3.1M · 300K shares

$3.0M · 300K shares

$3.0M · 4K shares

$3.0M · 300K shares

$2.9M · 290K shares

GRPN 4.875 06/30/30 RSTR

$2.8M · 3K shares

$2.7M · 3K shares

$2.5M · 3K shares

$2.1M · 2K shares

$2.1M · 200K shares

$2.0M · 200K shares

$1.5M · 150K shares

$1.5M · 150K shares

$1.4M · 136K shares

$963K · 734 shares

$820K · 555 shares

$210K · 175K shares

$48K · 116K shares

GSR III ACQUISITION CORP

$43K · 4K shares

ABVEW

$14K · 60K shares

CEROW

$2K · 122K shares

COIN 0.25 04/01/30

$0 · 0 shares

Sector Breakdown

Sector	# Holdings	Value	%
Unknown	126	$3.6B	91.7%
Financial Services	154	$228.2M	5.9%
Consumer Cyclical	3	$55.8M	1.4%
Technology	31	$30.1M	0.8%
Healthcare	6	$5.1M	0.1%
Communication Services	1	$2.6M	0.1%
Industrials	4	$64K	0.0%
Basic Materials	1	$9K	0.0%
Real Estate	1	$1K	0.0%