Ghisallo Capital Management LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$2.2B

Holdings

206

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (206 positions)

#	Stock	Shares	Value	% Portfolio
1	XPEVXPENG INC	7,500,000	$152.1M	6.79%
2	BABA 0 09/15/32BABA 09/15/32 CVT PUT	136,500,000	$140.6M	6.28%
3	CNPCFN 0 09/18/30CHPAC 09/18/30 CVT PUT	900,000,000	$123.7M	5.52%
4	ULSUL SOLUTIONS INC	1,399,273	$110.3M	4.93%
5	PINGRP 0 06/11/30PINGA 06/11/30 CVT PUT	521,000,000	$84.5M	3.77%
6	ITTITT INC	450,000	$78.1M	3.49%
7	GLXYLP 0.5 05/01/31GLXY 0.500 05/01/31 CVT	95,000,000	$72.1M	3.22%
8	SYMSYMBOTIC INC	1,059,400	$63.0M	2.81%
9	ROLROLLINS INC	1,000,000	$60.0M	2.68%
10	NBISNEBIUS GROUP N.V.	575,000	$48.1M	2.15%
11	KGSKODIAK GAS SVCS INC	1,200,000	$44.9M	2.00%
12	NIONIO INC	8,000,000	$40.8M	1.82%
13	NNENANO NUCLEAR ENERGY INC	1,592,000	$38.2M	1.71%
14	MDLNMEDLINE INC	900,000	$37.8M	1.69%
15	BABA 0 07/09/32BABA 07/09/32 CVT PUT	255,000,000	$35.0M	1.56%
16	SOFISOFI TECHNOLOGIES INC	1,115,619	$29.2M	1.30%
17	MIAXMIAMI INTL HLDGS INC	557,500	$24.7M	1.10%
18	WISTRO 0 10/23/30WISTR 10/23/30 CVT PUT	25,000,000	$24.5M	1.09%
19	ZTS 0.25 06/15/29ZTS 0.250 06/15/29 CVT	23,000,000	$23.6M	1.05%
20	CAICARIS LIFE SCIENCES INC	845,332	$22.8M	1.02%
21	LGNLEGENCE CORP	500,000	$21.5M	0.96%
22	TTANSERVICETITAN INC	200,000	$21.3M	0.95%
23	MMYTMAKEMYTRIP LIMITED MAURITIUS	250,000	$20.5M	0.92%
24	STCSTEWART INFORMATION SVCS COR	280,000	$19.7M	0.88%
25	NBIS 2.75 09/15/32NBIS 2.750 09/15/32 CVT	20,000,000	$19.1M	0.85%
26	BTDR 4 11/15/31BTDR 4.000 11/15/31 CVT PUT	20,000,000	$18.1M	0.81%
27	VOYG 0.75 11/15/30VOYG 0.750 11/15/30 CVT	16,500,000	$17.2M	0.77%
28	KRMNKARMAN HLDGS INC	225,000	$16.5M	0.74%
29	NVTSNAVITAS SEMICONDUCTOR CORP	2,222,222	$15.9M	0.71%
30	KTOSKRATOS DEFENSE & SEC SOLUTIO	200,000	$15.2M	0.68%
31	CLSK 0 02/15/32CLSK 02/15/32 CVT	20,000,000	$15.1M	0.67%
32	FANGDIAMONDBACK ENERGY INC	100,000	$15.0M	0.67%
33	CHKP 0 12/15/30CHKP 12/15/30 CVT	15,000,000	$14.9M	0.67%
34	BABAALIBABA GROUP HLDG LTD	100,000	$14.7M	0.65%
35	LOARLOAR HOLDINGS INC	200,000	$13.6M	0.61%
36	JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD	10,000,000	$13.3M	0.59%
37	TET1 ENERGY INC	1,952,194	$13.0M	0.58%
38	OGEOGE ENERGY CORP	300,000	$12.8M	0.57%
39	ALHALLIANCE LAUNDRY HLDGS INC	600,000	$12.2M	0.55%
40	EXC 3.25 03/15/29EXC 3.250 03/15/29 CVT	12,000,000	$12.0M	0.53%
41	WAYWAYSTAR HLDG CORP	350,000	$11.5M	0.51%
42	AIIALMONTY INDS INC	1,300,000	$11.5M	0.51%
43	KAUMKG 1.75 07/10/30KCCOP 1.750 07/10/30 CVT PUT	10,000,000	$11.4M	0.51%
44	GLXYGALAXY DIGITAL INC.	500,000	$11.2M	0.50%
45	FTWEQV VENTURES ACQUISITION COR	1,000,000	$10.5M	0.47%
46	KRSPRICE ACQUISITION CORP 3	1,000,000	$10.3M	0.46%
47	NPACNEW PROVIDENCE ACQUISITION C	1,000,000	$10.3M	0.46%
48	TACHTITAN ACQUISITION CORP	1,000,000	$10.3M	0.46%
49	BCSSBAIN CAP GSS INVT CORP	1,000,000	$10.2M	0.46%
50	CTRICENTURI HOLDINGS INC	400,000	$10.1M	0.45%
51	KBONUKARBON CAP PARTNERS CORP	1,000,000	$10.1M	0.45%
52	—NEWBURY STR II ACQUISITION C	950,000	$9.9M	0.44%
53	CRWV 1.75 12/01/31CRWV 1.750 12/01/31 CVT	10,500,000	$9.9M	0.44%
54	ALDFALDEL FINL II INC	900,000	$9.5M	0.42%
55	ASAMER SPORTS INC	250,000	$9.3M	0.42%
56	FWDIFORWARD INDS INC N Y	1,351,352	$8.9M	0.40%
57	MDUMDU RES GROUP INC	451,229	$8.8M	0.39%
58	WULF 0 05/01/32WULF 05/01/32 CVT	10,000,000	$8.5M	0.38%
59	ATIIARCHIMEDES TECH SPAC PARTNER	800,000	$8.3M	0.37%
60	FIGRFIGURE TECHNOLOGY SOLUTIO	200,000	$8.2M	0.36%
61	BKVBKV CORP	300,000	$8.1M	0.36%
62	FTWEQV VENTURES AC CORP. II	800,000	$8.1M	0.36%
63	METC 0 11/01/31RAMACO RES INC	9,500,000	$8.0M	0.36%
64	SLDESLIDE INS HLDGS INC	400,000	$7.8M	0.35%
65	F 0 03/15/26FORD MTR CO	7,500,000	$7.8M	0.35%
66	FIGFIGMA INC	200,000	$7.5M	0.33%
67	ASTS 2 01/15/36ASTS 2.000 01/15/36 CVT	7,500,000	$7.4M	0.33%
68	DMIIDRUGS MADE IN AMER ACQ II CO	750,000	$7.4M	0.33%
69	NIQNIQ GLOBAL INTELLIGENCE PLC	450,000	$7.4M	0.33%
70	NBIS 1 09/15/30NBIS 1.000 09/15/30 CVT	7,500,000	$7.3M	0.33%
71	XTEINT 1.5 02/18/26XTEPI 1.500 02/18/26 CVT	56,000,000	$7.2M	0.32%
72	OKLOOKLO INC	100,000	$7.2M	0.32%
73	CRWVCOREWEAVE INC	100,000	$7.2M	0.32%
74	AHRAMERICAN HEALTHCARE REIT INC	150,000	$7.1M	0.32%
75	BETABETA TECHNOLOGIES INC	250,000	$7.1M	0.31%
76	ANSCAGRICULTURE & NAT SOL ACQ CO	600,000	$6.7M	0.30%
77	VSECVSE CORP	35,000	$6.0M	0.27%
78	WBIWATERBRIDGE INFRASTRUCTURE L	300,000	$6.0M	0.27%
79	MIRMIRION TECHNOLOGIES INC	250,000	$5.9M	0.26%
80	COIN 0 10/01/32COIN 10/01/32 CVT	6,500,000	$5.8M	0.26%
81	SAROSTANDARDAERO INC	200,000	$5.7M	0.26%
82	CHYMCHIME FINL INC	225,000	$5.7M	0.25%
83	CBCCENTRAL BANCOMPANY	220,000	$5.3M	0.24%
84	ANDGANDERSEN GROUP INC	200,000	$5.2M	0.23%
85	PMTRPERIMETER ACQUISITION CORP I	500,000	$5.1M	0.23%
86	NAVNNAVAN INC	300,000	$5.1M	0.23%
87	CEPFCANTOR EQUITY PARTNERS III I	500,000	$5.1M	0.23%
88	CMACG 0.5 12/16/28MRTFC 0.500 12/16/28 CVT	4,000,000	$5.1M	0.23%
89	MPMP MATERIALS CORP	100,000	$5.1M	0.23%
90	OBAOXLEY BRIDGE ACQ LTD	500,000	$5.0M	0.22%
91	ADACAMERICAN DRIVE ACQUISITION C	500,000	$5.0M	0.22%
92	LPCVLAUNCHPAD CADENZA ACQUISITIO	500,000	$5.0M	0.22%
93	COIN 0.5 06/01/26COINBASE GLOBAL INC	5,000,000	$5.0M	0.22%
94	AEROGRUPO AEROMEXICO SAB DE CV	225,000	$4.9M	0.22%
95	OACCOAKTREE ACQUISITION CORP III	450,000	$4.8M	0.21%
96	WLTHWEALTHFRONT CORP	350,000	$4.8M	0.21%
97	HYMCHYCROFT MINING HOLDING CORP	200,000	$4.8M	0.21%
98	KMTSKESTRA MED TECHNOLOGIES LTD	176,992	$4.7M	0.21%
99	IREN 1 06/01/33 33IRENX 1.000 06/01/33 CVT	5,000,000	$4.7M	0.21%
100	COIN 0 10/01/29COIN 10/01/29 CVT	5,000,000	$4.6M	0.21%

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