HIGHBRIDGE CAPITAL MANAGEMENT LLC Q3 2025 Filing

Filed November 10, 2025

Portfolio Value

$2.3T

Holdings

307

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (307 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	QQQINVESCO QQQ TR	250,000	$150.1B	6.54%	Put
2	F 0 03/15/26FORD MTR CO	140,000,000	$142.1B	6.19%
3	BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD	70,000,000	$129.0B	5.62%
4	HYGISHARES TR	1,274,752	$103.5B	4.51%
5	AQLTISHARES TR	1,000,000	$81.2B	3.54%	Put
6	EVRG 4.5 12/15/27EVERGY INC	50,000,000	$62.8B	2.73%
7	SPOT 0 03/15/26SPOTIFY USA INC	40,000,000	$54.8B	2.39%
8	VRNAVERONA PHARMA PLC	500,000	$53.4B	2.32%
9	BSY 0.125 01/15/26BENTLEY SYS INC	44,559,000	$44.0B	1.91%
10	DBX 0 03/01/28DROPBOX INC	41,553,000	$42.9B	1.87%
11	UBER 0 12/15/25UBER TECHNOLOGIES INC	35,083,000	$42.8B	1.87%
12	NIO 3.875 10/15/29NIO INC	40,000,000	$42.2B	1.84%
13	WK 1.25 08/15/28WORKIVA INC	42,734,000	$42.2B	1.84%
14	DBX 0 03/01/26DROPBOX INC	42,000,000	$41.6B	1.81%
15	GMEGAMESTOP CORP NEW	1,500,000	$40.9B	1.78%	Put
16	BAC 0.6 05/25/27 MTNBOFA FIN LLC	40,500,000	$39.4B	1.72%
17	FYBRFRONTIER COMMUNICATIONS PARE	1,008,301	$37.7B	1.64%
18	TXNMTXNM ENERGY INC	649,067	$36.7B	1.60%
19	FOXFOX CORP	621,202	$35.6B	1.55%
20	UGI 5 06/01/28UGI CORP NEW	27,500,000	$35.1B	1.53%
21	ARKTARK ETF TR	400,000	$34.5B	1.50%	Put
22	SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC	37,000,000	$32.6B	1.42%
23	SO 4.5 06/15/27SOUTHERN CO	27,904,000	$31.0B	1.35%
24	FWONALIBERTY MEDIA CORP DEL	324,643	$30.9B	1.35%
25	WEC 4.375 06/01/27WEC ENERGY GROUP INC	25,000,000	$29.9B	1.30%
26	ITRI 0 03/15/26ITRON INC	27,173,000	$28.8B	1.25%
27	HEIHEICO CORP NEW	108,294	$27.5B	1.20%
28	SO 3.875 12/15/25SOUTHERN CO	24,000,000	$27.1B	1.18%
29	IRWD 1.5 06/15/26IRONWOOD PHARMACEUTICALS INC	29,842,000	$26.7B	1.16%
30	CRNC 1.5 07/01/28CERENCE INC	32,000,000	$26.6B	1.16%
31	CABO 0 03/15/26CABLE ONE INC	26,668,000	$26.1B	1.13%
32	GPRE 2.25 03/15/27GREEN PLAINS INC	25,500,000	$24.4B	1.06%
33	KELKELLANOVA	282,735	$23.2B	1.01%
34	NBRNABORS INDUSTRIES LTD	491,795	$20.1B	0.88%
35	NWSANEWS CORP NEW	645,632	$19.8B	0.86%
36	FWONALIBERTY MEDIA CORP DEL	208,179	$19.6B	0.85%
37	GLIBKGCI LIBERTY INC	523,459	$19.5B	0.85%
38	GES 3.75 04/15/28GUESS INC	19,450,000	$19.3B	0.84%
39	RDFN 0 10/15/25REDFIN CORP	19,000,000	$18.9B	0.82%
40	ARRY 1 12/01/28ARRAY TECHNOLOGIES INC	21,220,000	$18.4B	0.80%
41	VIAV 1.625 03/15/26VIAVI SOLUTIONS INC	17,500,000	$18.2B	0.79%
42	CCCXCHURCHILL CAP CORP X	1,383,928	$17.8B	0.77%
43	KPTI 6 05/13/29 *KARYOPHARM THERAPEUTICS INC	23,625,000	$17.7B	0.77%
44	EB 0.75 09/15/26EVENTBRITE INC	18,722,000	$17.6B	0.77%
45	CYBRCYBERARK SOFTWARE LTD	34,740	$16.8B	0.73%
46	0J7QIAC INC	484,325	$16.5B	0.72%
47	BATRAATLANTA BRAVES HLDGS INC	393,633	$16.4B	0.71%
48	GRAFGRAF GLOBAL CORP	1,500,000	$15.8B	0.69%
49	PCG 4.25 12/01/27PG&E CORP	15,000,000	$15.2B	0.66%
50	MBVIM3-BRIGADE ACQUISITION VI CO	1,470,000	$14.9B	0.65%
51	FOUR 0 12/15/25SHIFT4 PMTS INC	14,250,000	$14.6B	0.64%
52	HLF 4.25 06/15/28HERBALIFE LTD	15,050,000	$14.3B	0.62%
53	CENTACENTRAL GARDEN & PET CO	464,843	$13.7B	0.60%
54	MLNKMERIDIANLINK INC	662,128	$13.2B	0.57%
55	NTNX 0.25 10/01/27NUTANIX INC	9,253,000	$13.0B	0.57%
56	BOX 0 01/15/26BOX INC	9,808,000	$12.4B	0.54%
57	NIONIO INC	1,512,600	$11.5B	0.50%	Put
58	PTON 0 02/15/26PELOTON INTERACTIVE INC	11,314,000	$11.0B	0.48%
59	BTSG 6.75 02/01/27BRIGHTSPRING HEALTH SVCS INC	100,000	$10.1B	0.44%
60	HCMAHCM III ACQUISITION CORP	1,000,000	$10.1B	0.44%
61	MKLYMCKINLEY ACQUISITION CORP	1,000,000	$10.0B	0.44%
62	FUBO 3.25 02/15/26FUBOTV INC	10,000,000	$9.9B	0.43%
63	STHOSTAR HLDGS	1,196,132	$9.8B	0.43%
64	REAL 4 02/15/31THE REALREAL INC	7,672,000	$9.2B	0.40%
65	QTWO 0.75 06/01/26Q2 HLDGS INC	7,882,000	$9.0B	0.39%
66	EMPDEMPERY DIGITAL INC	1,138,621	$8.6B	0.37%
67	CORZWCORE SCIENTIFIC INC NEW	710,173	$8.3B	0.36%
68	CNNECANNAE HLDGS INC	442,713	$8.1B	0.35%
69	—GSR III ACQUISITION CORP	750,000	$7.8B	0.34%
70	GOSS 5 06/01/27GOSSAMER BIO INC	10,000,000	$7.1B	0.31%
71	NOTV 3.25 10/15/27INOTIV INC	28,250,000	$6.9B	0.30%
72	QUMSQUANTUMSPHERE ACQUISITION CO	600,000	$6.0B	0.26%
73	MRUSMERUS N V	58,605	$5.5B	0.24%
74	CVLTCOMMVAULT SYS INC	28,700	$5.4B	0.24%
75	RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC	5,000,000	$5.2B	0.23%
76	TACOBERTO ACQUISITION CORP	500,000	$5.2B	0.23%
77	HVMCHIGHVIEW MERGER CORP	512,296	$5.2B	0.23%
78	BTDRBITDEER TECHNOLOGIES GROUP	283,500	$4.8B	0.21%
79	LAZR 9 01/15/30LUMINAR TECHNOLOGIES INC	9,700,000	$4.6B	0.20%
80	FCRSFUTURECREST ACQUISITION CORP	400,000	$4.2B	0.18%
81	SSEASTARRY SEA ACQUISITION CORP	405,851	$4.1B	0.18%
82	BDCIBTC DEV CORP	400,000	$4.0B	0.18%
83	JBSJBS N.V.	270,323	$4.0B	0.18%
84	AISPWAIRSHIP AI HLDGS INC	2,313,165	$3.9B	0.17%
85	JBSJBS N.V.	250,000	$3.7B	0.16%	Call
86	APACSTONEBRIDGE ACQUISITION II C	365,000	$3.6B	0.16%
87	WOLFWOLFSPEED INC	124,184	$3.6B	0.15%
88	HTZWWHERTZ GLOBAL HLDGS INC	955,313	$3.5B	0.15%
89	COHUCOHU INC	172,602	$3.5B	0.15%
90	ENPH 0 03/01/28ENPHASE ENERGY INC	3,750,000	$3.2B	0.14%
91	GENVRGEN DIGITAL INC	465,074	$3.2B	0.14%
92	LITELUMENTUM HLDGS INC	18,900	$3.1B	0.13%
93	BCSSBAIN CAP GSS INVT CORP	300,000	$3.0B	0.13%
94	BRKR 6.375 09/01/28BRUKER CORP	10,000	$2.7B	0.12%
95	DRDBROMAN DBDR ACQUISITION CORP	250,000	$2.6B	0.11%
96	SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC	2,500,000	$2.6B	0.11%
97	FGMCFG MERGER II CORP	254,607	$2.5B	0.11%
98	AMPX/WSAMPRIUS TECHNOLOGIES INC	665,623	$2.4B	0.11%
99	AEXAAMERICAN EXCEPTIONALISM ACQU	212,500	$2.3B	0.10%
100	EMISEMMIS ACQUISITION CORP.	220,000	$2.2B	0.10%

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