CSS LLC/IL Q3 2025 Filing

Filed November 13, 2025

Portfolio Value

$2.2T

Holdings

827

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (827 positions)

#StockSharesValue% PortfolioType
1
MIGASTRATEGY INC
293,200$94.5B4.24%Put
2
SPYSPDR S&P 500 ETF TR
128,304$85.5B3.83%Put
327,274,000$77.1B3.46%
4
IONS 0 04/01/26IONIS PHARMACEUTICALS INC
62,382,000$76.7B3.44%
5
LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN
45,256,000$73.4B3.29%
6
JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD
62,574,000$66.3B2.97%
7
LITE 0.5 06/15/28LUMENTUM HLDGS INC
35,464,000$49.5B2.22%
8
GMEGAMESTOP CORP NEW
1,590,000$43.4B1.95%Put
9
BTU 3.25 03/01/28PEABODY ENGR CORP
25,518,000$38.5B1.73%
10
SNDKSANDISK CORP
330,000$37.0B1.66%Put
11
EQXCN 4.75 10/15/28EQUINOX GOLD CORP
18,936,000$36.4B1.63%
12
WWAYFAIR INC
17,191,000$35.7B1.60%
13
SATS 3.875 11/30/30ECHOSTAR CORP
14,408,709$35.4B1.59%
14
IONS 1.75 06/15/28IONIS PHARMACEUTICALS INC
24,500,000$33.9B1.52%
15
LITE 1.5 12/15/29LUMENTUM HLDGS INC
13,500,000$32.6B1.46%
16
RIG 4.625 09/30/29 *TRANSOCEAN INC
22,822,000$27.5B1.23%
1714,500,000$27.5B1.23%
18
MSTRSTRATEGY INC
11,240,000$25.2B1.13%
19
MSTR 2.25 06/15/32STRATEGY INC
11,897,000$21.2B0.95%
20
PTCT 1.5 09/15/26PTC THERAPEUTICS INC
16,000,000$20.6B0.92%
21
MARA 2.125 09/01/31MARA HOLDINGS INC
16,000,000$19.5B0.87%
22
VOOVANGUARD INDEX FDS
27,990$17.1B0.77%
23
RSPINVESCO EXCHANGE TRADED FD T
89,472$17.0B0.76%
24
WEC 4.375 06/01/27WEC ENERGY GROUP INC
13,976,000$16.8B0.75%
25
KIMCO RLTY CORP
276,272$16.7B0.75%
26
SNOW 0 10/01/27SNOWFLAKE INC
10,859,000$16.5B0.74%
27
GQ9SPDR GOLD TR
46,314$16.5B0.74%Put
28
AALAMERICAN AIRLS GROUP INC
1,421,760$16.0B0.72%Put
29
MNKD 2.5 03/01/26MANNKIND CORP
13,980,000$15.9B0.71%
30
SOFISOFI TECHNOLOGIES INC
578,600$15.3B0.69%Put
31
KELKELLANOVA
173,582$14.2B0.64%Put
32
PSKYPARAMOUNT SKYDANCE CORP
741,846$14.0B0.63%Put
33
RIG 4 12/15/25 *TRANSOCEAN INC
13,678,000$13.8B0.62%
34
IAU*ISHARES GOLD TR
185,240$13.5B0.60%
35
XXCHNXXCHINA FD INC
693,261$12.8B0.57%
368,037,000$12.6B0.57%
3711,261,000$11.9B0.53%
38
CORZWCORE SCIENTIFIC INC NEW
1,019,186$11.9B0.53%
39
ETNBGBP89BIO INC
797,571$11.7B0.53%Put
4039,853$10.8B0.48%
41
FOUR 0 12/15/25SHIFT4 PMTS INC
10,000,000$10.3B0.46%
42
6RJ0ROCKET LAB CORP
213,427$10.2B0.46%Put
43
VAC 0 01/15/26MARRIOTT VACATIONS WORLDWIDE
10,199,000$10.1B0.45%
44
GTLS 6.75 12/15/25 BCHART INDS INC
138,969$9.9B0.44%
45
SEDG 2.25 07/01/29SOLAREDGE TECHNOLOGIES INC
7,352,000$9.8B0.44%
46
WOLFWOLFSPEED INC
319,466$9.1B0.41%Put
47
IBITISHARES BITCOIN TRUST ETF
139,080$9.0B0.41%Put
48
CIFR 1.75 05/15/30CIPHER MINING INC
3,000,000$8.9B0.40%
49
STEWSRH TOTAL RETURN FUND INC
461,785$8.4B0.38%
50
ENOV 3.875 10/15/28ENOVIS CORPORATION
8,274,000$8.2B0.37%
51
DMIIDRUGS MADE IN AMER ACQ II CO
817,000$8.1B0.36%
52
SPE 2.75 01/27/27 CSPECIAL OPPORTUNITIES FD INC
303,909$7.6B0.34%
53136,315$7.6B0.34%
54
TACHTITAN ACQUISITION CORP
708,268$7.2B0.32%
55
NIONIO INC
940,300$7.2B0.32%Put
56
BDCIBTC DEV CORP
707,880$7.1B0.32%
57
AEBAALLETE INC
107,167$7.1B0.32%Put
58
COIN 0.25 04/01/30COINBASE GLOBAL INC
5,639,000$7.1B0.32%
597,000,000$6.9B0.31%
60
PMT 8.5 06/01/29PENNYMAC CORP
6,692,000$6.9B0.31%
61
RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC
7,500,000$6.9B0.31%
62
GPRE 2.25 03/15/27GREEN PLAINS INC
7,105,000$6.8B0.30%
63
AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC
7,036,000$6.6B0.30%
64
CEPFCANTOR EQUITY PARTNERS IV IN
650,000$6.6B0.30%
65
EVH 4.5 08/15/31EVOLENT HEALTH INC
6,500,000$6.5B0.29%
66
BKD 2 10/15/26BROOKDALE SR LIVING INC
5,632,000$6.5B0.29%
67
MARAMARA HOLDINGS INC
349,000$6.4B0.29%Put
68
WDCWESTERN DIGITAL CORP
48,753$6.2B0.28%Put
69
SATSECHOSTAR CORP
78,950$6.0B0.27%Put
70
ASND 2.25 04/01/28ASCENDIS PHARMA A/S
4,400,000$6.0B0.27%
71
HYGISHARES TR
70,000$5.7B0.25%Put
72
TMDX 1.5 06/01/28TRANSMEDICS GROUP INC
4,000,000$5.6B0.25%
73
DBMFLITMAN GREGORY FDS TR
205,764$5.6B0.25%
74
VRNAVERONA PHARMA PLC
52,300$5.6B0.25%Put
75
HTHT 3 05/01/26H WORLD GROUP LTD
5,000,000$5.6B0.25%
76
WENNWEN ACQUISITION CORP
547,631$5.5B0.25%
77
MPMP MATERIALS CORP
82,503$5.5B0.25%Put
78
ATEC 0.75 08/01/26ALPHATEC HLDGS INC
5,200,000$5.5B0.24%
79
EEMISHARES TR
100,510$5.4B0.24%Put
80
TLTISHARES TR
60,000$5.4B0.24%Put
815,000,000$5.3B0.24%
82
RIVNRIVIAN AUTOMOTIVE INC
351,200$5.2B0.23%Put
83
XLVSELECT SECTOR SPDR TR
35,000$4.9B0.22%Put
84
APO 6.75 07/31/26APOLLO GLOBAL MGMT INC
68,550$4.8B0.22%
85
DKSDICKS SPORTING GOODS INC
21,348$4.7B0.21%Put
86
RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC
4,552,000$4.7B0.21%
87
BAC 7.25 PERP LBANK AMERICA CORP
3,613$4.6B0.21%
88
UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC
3,116,000$4.6B0.21%
89
IPCXINFLECTION PT ACQUISITION CO
454,422$4.6B0.21%
90
LVLNSPDR SERIES TRUST
72,000$4.6B0.20%Put
91
COINCOINBASE GLOBAL INC
13,040$4.4B0.20%Put
92
BEBLOOM ENERGY CORP
50,724$4.3B0.19%Put
93
MXEMEXICO EQUITY & INCOME FD
361,276$4.3B0.19%
94
HTZ 8 07/15/29HERTZ CORP
3,165,999$4.3B0.19%
95
ARKKARK ETF TR
48,500$4.2B0.19%Put
96
CTASIMPLIFY EXCHANGE TRADED FUN
149,060$4.2B0.19%
97
ARISUSDARIS WATER SOLUTIONS INC
169,003$4.2B0.19%
98
XLESELECT SECTOR SPDR TR
45,914$4.1B0.18%Put
99
SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC
4,000,000$4.1B0.18%
100
RDAGREPUBLIC DIGITAL ACQUISITION
388,581$4.0B0.18%
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