Ghisallo Capital Management LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$3.1B

Holdings

215

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (215 positions)

#	Stock	Shares	Value	% Portfolio
1	BABA 0 09/15/32BABA 09/15/32 CVT PUT	240,000,000	$274.5M	8.98%
2	NBISNEBIUS GROUP N.V.	1,604,028	$180.1M	5.89%
3	CNPCFN 0 09/18/30CHPAC 09/18/30 CVT PUT	1,220,000,000	$157.5M	5.16%
4	FOXFOX CORP	2,495,618	$143.0M	4.68%
5	PINGRP 0 06/11/30PINGA 06/11/30 CVT PUT	701,000,000	$98.7M	3.23%
6	NIONIO INC	12,000,000	$91.4M	2.99%
7	BABA 0 07/09/32BABA 07/09/32 CVT PUT	495,000,000	$79.2M	2.59%
8	QUBTQUANTUM COMPUTING INC	4,030,092	$74.2M	2.43%
9	QUANTA 0 10/02/30QUANC 10/02/30 CVT PUT	65,000,000	$64.6M	2.11%
10	JPXAEROVIRONMENT INC	200,000	$63.0M	2.06%
11	LOARLOAR HOLDINGS INC	750,000	$60.0M	1.96%
12	RIGTRANSOCEAN LTD	18,500,000	$57.7M	1.89%
13	PONYPONY AI INC	2,360,000	$53.1M	1.74%
14	ESLTELBIT SYS LTD	100,000	$51.0M	1.67%
15	BEKEKE HLDGS INC	2,500,000	$47.5M	1.55%
16	LTMLATAM AIRLINES GROUP SA	840,193	$38.0M	1.24%
17	NBIS 1 09/15/30NBIS 1.000 09/15/30 CVT	30,000,000	$34.9M	1.14%
18	TTANSERVICETITAN INC	341,541	$34.4M	1.13%
19	SNDKSANDISK CORP	300,000	$33.7M	1.10%
20	INTCINTEL CORP	1,000,000	$33.5M	1.10%
21	CAICARIS LIFE SCIENCES INC	1,048,163	$31.7M	1.04%
22	MMYTMAKEMYTRIP LIMITED MAURITIUS	333,400	$31.2M	1.02%
23	NBIS 2.75 09/15/32NBIS 2.750 09/15/32 CVT	25,000,000	$29.1M	0.95%
24	OKLOOKLO INC	250,000	$27.9M	0.91%
25	FWDIFORWARD INDS INC N Y	1,351,352	$25.0M	0.82%
26	BROBROWN & BROWN INC	250,000	$23.4M	0.77%
27	NDAQNASDAQ INC	250,000	$22.1M	0.72%
28	CIFR 0 10/01/31CIFR 10/01/31 CVT PUT	20,000,000	$22.0M	0.72%
29	MMLTF 0 10/08/30MMGLT 10/08/30 CVT PUT	20,000,000	$21.6M	0.71%
30	MMYT 0 07/01/30MMYT 07/01/30 CVT PUT	20,000,000	$20.5M	0.67%
31	SAROSTANDARDAERO INC	750,000	$20.5M	0.67%
32	BXP 2 10/01/30BXP 2.000 10/01/30 CVT	20,000,000	$19.9M	0.65%
33	CNPCENTERPOINT ENERGY INC	500,000	$19.4M	0.63%
34	WAYWAYSTAR HLDG CORP	500,000	$19.0M	0.62%
35	KTOSKRATOS DEFENSE & SEC SOLUTIO	200,000	$18.3M	0.60%
36	MIRMIRION TECHNOLOGIES INC	774,900	$18.0M	0.59%
37	BABAALIBABA GROUP HLDG LTD	100,000	$17.9M	0.58%
38	ASAMER SPORTS INC	500,000	$17.4M	0.57%
39	GLXYGALAXY DIGITAL INC.	500,000	$16.9M	0.55%
40	LPLALPL FINL HLDGS INC	50,000	$16.6M	0.54%
41	KRMNKARMAN HLDGS INC	225,000	$16.2M	0.53%
42	PINGRP 0.875 07/22/29PINGA 0.875 07/22/29	11,500,000	$15.6M	0.51%
43	LNT 3.25 05/30/28LNT 3.250 05/30/28 CVT	15,000,000	$15.5M	0.51%
44	ASSTSTRIVE INC	11,111,111	$15.0M	0.49%
45	FANGDIAMONDBACK ENERGY INC	100,000	$14.3M	0.47%
46	MBLYMOBILEYE GLOBAL INC	1,000,000	$14.1M	0.46%
47	HSAIHESAI GROUP	500,000	$14.1M	0.46%
48	AWCAMERICAN WTR WKS CO INC NEW	100,000	$13.9M	0.46%
49	KAUMKG 1.75 07/10/30KCCOP 1.750 07/10/30 CVT PUT	12,000,000	$13.9M	0.46%
50	SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC	12,500,000	$12.7M	0.41%
51	BNTXBIONTECH SE	125,000	$12.3M	0.40%
52	WUXAPP 0 10/19/25WUXIA 10/19/25 CVT EXCD	8,000,000	$12.1M	0.40%
53	XPEVXPENG INC	500,000	$11.7M	0.38%
54	—GRAB 06/15/30 CVT PUT	10,000,000	$11.6M	0.38%
55	SMASMARTSTOP SELF STORAG REIT I	300,000	$11.3M	0.37%
56	EXPE 0 02/15/26EXPEDIA GROUP INC	11,000,000	$11.1M	0.36%
57	MIAXMIAMI INTL HLDGS INC	275,000	$11.1M	0.36%
58	WIX 0 09/15/30WIXX 09/15/30 CVT	10,000,000	$10.9M	0.36%
59	COIN 0 10/01/29COIN 10/01/29 CVT	10,000,000	$10.6M	0.35%
60	FTWEQV VENTURES ACQUISITION COR	1,000,000	$10.4M	0.34%
61	FIGFIGMA INC	200,000	$10.4M	0.34%
62	CVLT 0 09/15/30CVLT 09/15/30 CVT	10,000,000	$10.3M	0.34%
63	NIQNIQ GLOBAL INTELLIGENCE PLC	650,000	$10.2M	0.33%
64	NPACNEW PROVIDENCE ACQUISITION C	1,000,000	$10.2M	0.33%
65	LILI AUTO INC	400,000	$10.1M	0.33%
66	SO 3.25 06/15/28SO 3.250 06/15/28 CVT	10,000,000	$10.1M	0.33%
67	TACHTITAN ACQUISITION CORP	1,000,000	$10.1M	0.33%
68	BCSSBAIN CAP GSS INVT CORP	1,000,000	$10.1M	0.33%
69	HAPEVH 0.5 07/16/30HPEVG 0.500 07/16/30 CVT PUT	80,000,000	$10.1M	0.33%
70	—RAMACO RES INC	300,000	$10.0M	0.33%
71	SAILSAILPOINT INC	450,000	$9.9M	0.33%
72	—NEWBURY STR II ACQUISITION C	950,000	$9.8M	0.32%
73	VNOMVIPER ENERGY INC	250,000	$9.6M	0.31%
74	ALDFALDEL FINL II INC	900,000	$9.4M	0.31%
75	SPXCSPX TECHNOLOGIES INC	50,000	$9.3M	0.31%
76	KGSKODIAK GAS SVCS INC	250,000	$9.2M	0.30%
77	LITE 0.375 03/15/32LITE 0.375 03/15/32 CVT	8,000,000	$9.2M	0.30%
78	BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD	5,000,000	$9.2M	0.30%
79	BIRKBIRKENSTOCK HOLDING PLC	200,000	$9.1M	0.30%
80	WULF 1 09/01/31WULF 1.000 09/01/31 CVT	7,500,000	$8.9M	0.29%
81	TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST	7,500,000	$8.2M	0.27%
82	ATIIARCHIMEDES TECH SPAC PARTNER	800,000	$8.2M	0.27%
83	FTWEQV VENTURES AC CORP. II	800,000	$8.0M	0.26%
84	GDSGDS HLDGS LTD	200,000	$7.7M	0.25%
85	LINELINEAGE INC	200,100	$7.7M	0.25%
86	ONDSONDAS HLDGS INC	1,000,000	$7.7M	0.25%
87	QXOQXO INC	400,000	$7.6M	0.25%
88	WBIWATERBRIDGE INFRASTRUCTURE L	300,000	$7.6M	0.25%
89	XTEINT 1.5 02/18/26XTEPI 1.500 02/18/26 CVT	56,000,000	$7.5M	0.24%
90	KCKINGSOFT CLOUD HLDGS LTD	500,000	$7.5M	0.24%
91	DMIIDRUGS MADE IN AMER ACQ II CO	750,000	$7.5M	0.24%
92	FIGRFIGURE TECHNOLOGY SOLUTIO	200,000	$7.3M	0.24%
93	ULSUL SOLUTIONS INC	100,000	$7.1M	0.23%
94	AVT 1.75 09/01/30AVT 1.750 09/01/30 CVT PUT	7,000,000	$7.1M	0.23%
95	BLSHBULLISH	110,000	$7.0M	0.23%
96	LBLANDBRIDGE COMPANY LLC	130,000	$6.9M	0.23%
97	CRWVCOREWEAVE INC	50,000	$6.8M	0.22%
98	TBBBBBB FOODS INC	250,000	$6.7M	0.22%
99	—NABORS ENERGY TRANSITION COR	599,800	$6.7M	0.22%
100	MPMP MATERIALS CORP	100,000	$6.7M	0.22%

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