HIGHBRIDGE CAPITAL MANAGEMENT LLC Q4 2025 Filing
Filed February 11, 2026
Portfolio Value
$3.1T
Holdings
297
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (297 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | AQLTISHARES TR | 1,500,000 | $369.2B | 11.77% | Put |
| 2 | AQLTISHARES TR | 4,000,000 | $322.5B | 10.28% | Put |
| 3 | GLDSPDR GOLD TR | 500,000 | $198.2B | 6.32% | Put |
| 4 | F 0 03/15/26FORD MTR CO | 115,000,000 | $119.5B | 3.81% | |
| 5 | EAELECTRONIC ARTS INC | 528,950 | $108.1B | 3.44% | |
| 6 | ELMEELME COMMUNITIES | 5,638,128 | $98.1B | 3.13% | |
| 7 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 50,000,000 | $77.7B | 2.47% | |
| 8 | CYBRCYBERARK SOFTWARE LTD | 165,341 | $73.8B | 2.35% | |
| 9 | FOXFOX CORP | 893,359 | $58.0B | 1.85% | |
| 10 | FYBRFRONTIER COMMUNICATIONS PAR | 1,477,836 | $56.3B | 1.79% | |
| 11 | NGDNEW GOLD INC CDA | 6,240,314 | $54.4B | 1.73% | |
| 12 | BAC 0.6 05/25/27 MTNBOFA FIN LLC | 48,735,000 | $53.4B | 1.70% | |
| 13 | SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC | 57,306,000 | $51.7B | 1.65% | |
| 14 | HEIHEICO CORP NEW | 193,537 | $48.9B | 1.56% | |
| 15 | EXASEXACT SCIENCES CORP | 480,733 | $48.8B | 1.56% | |
| 16 | —AMAZON COM INC | 200,000 | $46.2B | 1.47% | Call |
| 17 | HOLXHOLOGIC INC | 611,860 | $45.6B | 1.45% | |
| 18 | NIO 3.875 10/15/29NIO INC | 47,000,000 | $45.5B | 1.45% | |
| 19 | IRWD 1.5 06/15/26IRONWOOD PHARMACEUTICALS IN | 46,942,000 | $44.7B | 1.43% | |
| 20 | AVDLAVADEL PHARMACEUTICALS PLC | 2,048,585 | $44.1B | 1.41% | |
| 21 | DBX 0 03/01/28DROPBOX INC | 43,553,000 | $43.8B | 1.40% | |
| 22 | SPOT 0 03/15/26SPOTIFY USA INC | 37,500,000 | $42.7B | 1.36% | |
| 23 | RNAAVIDITY BIOSCIENCES INC | 585,550 | $42.2B | 1.35% | |
| 24 | EB 0.75 09/15/26EVENTBRITE INC | 36,995,000 | $36.3B | 1.16% | |
| 25 | LRN 1.125 09/01/27STRIDE INC | 25,000,000 | $34.1B | 1.09% | |
| 26 | MSTRSTRATEGY INC | 25,892,000 | $32.8B | 1.05% | |
| 27 | MARA 0 03/01/30MARA HOLDINGS INC | 31,813,000 | $31.5B | 1.00% | |
| 28 | MSTR 0.625 09/15/28STRATEGY INC | 26,000,000 | $30.4B | 0.97% | |
| 29 | WK 1.25 08/15/28WORKIVA INC | 29,234,000 | $29.0B | 0.93% | |
| 30 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC | 32,500,000 | $29.0B | 0.92% | |
| 31 | BSY 0.125 01/15/26BENTLEY SYS INC | 28,559,000 | $28.5B | 0.91% | |
| 32 | CABO 0 03/15/26CABLE ONE INC | 28,668,000 | $28.3B | 0.90% | |
| 33 | NVRIENVIRI CORP | 1,495,645 | $26.8B | 0.85% | |
| 34 | QTWO 0.75 06/01/26Q2 HLDGS INC | 25,882,000 | $26.2B | 0.83% | |
| 35 | CDTXCIDARA THERAPEUTICS INC | 112,980 | $25.0B | 0.80% | |
| 36 | NBRNABORS INDUSTRIES LTD | 413,294 | $22.4B | 0.72% | |
| 37 | BACQINFLECTION POINT ACQUISITIO | 2,011,897 | $21.6B | 0.69% | |
| 38 | CGCTCARTESIAN GROWTH CORP III | 2,000,000 | $20.6B | 0.66% | |
| 39 | FWONALIBERTY MEDIA CORP DEL | 227,221 | $20.3B | 0.65% | |
| 40 | KVUEKENVUE INC | 1,174,353 | $20.3B | 0.65% | |
| 41 | GIGGIGCAPITAL7 CORP | 1,878,437 | $19.8B | 0.63% | |
| 42 | GES 3.75 04/15/28GUESS INC | 19,450,000 | $19.3B | 0.62% | |
| 43 | NWSANEWS CORP NEW | 727,579 | $19.0B | 0.61% | |
| 44 | NIONIO INC | 3,526,600 | $18.0B | 0.57% | Put |
| 45 | BHFBRIGHTHOUSE FINL INC | 275,390 | $17.8B | 0.57% | |
| 46 | LLYVALIBERTY LIVE HOLDINGS INC | 210,332 | $17.1B | 0.55% | |
| 47 | BATRAATLANTA BRAVES HLDGS INC | 426,160 | $16.8B | 0.54% | |
| 48 | 0J7QIAC INC | 417,452 | $16.3B | 0.52% | |
| 49 | GRAFGRAF GLOBAL CORP | 1,500,000 | $16.1B | 0.51% | |
| 50 | —HENNESSY CAP INVT CORP VII | 1,500,000 | $15.5B | 0.49% | |
| 51 | KMBKIMBERLY-CLARK CORP | 152,400 | $15.4B | 0.49% | Call |
| 52 | CEPFCANTOR EQUITY PARTNERS II I | 1,321,945 | $14.9B | 0.47% | |
| 53 | VCICVINE HILL CAP INVT CORP. | 1,373,824 | $14.8B | 0.47% | |
| 54 | MBVIM3-BRIGADE ACQUISITION VI C | 1,470,000 | $14.7B | 0.47% | |
| 55 | CENTACENTRAL GARDEN & PET CO | 460,169 | $13.4B | 0.43% | |
| 56 | GLIBKGCI LIBERTY INC | 341,070 | $12.7B | 0.40% | |
| 57 | IWMISHARES TR | 51,440 | $12.7B | 0.40% | |
| 58 | CRANUCRANE HBR ACQUISITION CORP | 1,200,000 | $12.1B | 0.38% | |
| 59 | BOX 0 01/15/26BOX INC | 9,808,000 | $11.5B | 0.37% | |
| 60 | PTON 0 02/15/26PELOTON INTERACTIVE INC | 11,314,000 | $11.1B | 0.35% | |
| 61 | HCMAHCM III ACQUISITION CORP | 1,000,000 | $10.1B | 0.32% | |
| 62 | STHOSTAR HLDGS | 1,194,275 | $9.8B | 0.31% | |
| 63 | WOLF 2.5 06/15/31WOLFSPEED INC | 5,990,000 | $9.2B | 0.29% | |
| 64 | APADA PARADISE ACQUISITION CORP | 884,351 | $8.9B | 0.28% | |
| 65 | CHACRCRANE HBR ACQUISITION CORP | 800,000 | $8.6B | 0.27% | |
| 66 | SRPTSAREPTA THERAPEUTICS INC | 400,000 | $8.6B | 0.27% | |
| 67 | EMPDEMPERY DIGITAL INC | 1,839,151 | $8.4B | 0.27% | |
| 68 | METC 0 11/01/31RAMACO RES INC | 9,000,000 | $7.7B | 0.24% | |
| 69 | CEPFCANTOR EQUITY PARTNERS III | 710,419 | $7.2B | 0.23% | |
| 70 | ZTSZOETIS INC | 55,667 | $7.0B | 0.22% | |
| 71 | NOTV 3.25 10/15/27INOTIV INC | 28,250,000 | $6.8B | 0.22% | |
| 72 | VCICVINE HILL CAP INVTS CORP II | 650,000 | $6.5B | 0.21% | |
| 73 | BILL 0 04/01/27BILL HOLDINGS INC | 7,103,000 | $6.2B | 0.20% | |
| 74 | CEPFCANTOR EQUITY PARTNERS V IN | 600,000 | $6.2B | 0.20% | |
| 75 | FGMCFG MERGER II CORP | 559,889 | $5.6B | 0.18% | |
| 76 | JAMFJAMF HLDG CORP | 422,704 | $5.5B | 0.18% | |
| 77 | TACOBERTO ACQUISITION CORP | 500,000 | $5.1B | 0.16% | |
| 78 | CCCXCHURCHILL CAP CORP X | 323,800 | $5.1B | 0.16% | |
| 79 | LEGTLEGATO MERGER CORP III | 444,487 | $4.8B | 0.15% | |
| 80 | NSCNORFOLK SOUTHN CORP | 16,560 | $4.8B | 0.15% | |
| 81 | GPRE 5.25 11/01/30 144AGREEN PLAINS INC | 4,504,000 | $4.7B | 0.15% | |
| 82 | TWLVTWELVE SEAS INVT CO III | 466,100 | $4.6B | 0.15% | |
| 83 | SBETSHARPLINK GAMING INC | 512,764 | $4.6B | 0.15% | |
| 84 | LPCVLAUNCHPAD CADENZA ACQUISITI | 458,162 | $4.6B | 0.15% | |
| 85 | CHKPCHECK POINT SOFTWARE TECH L | 22,976 | $4.3B | 0.14% | |
| 86 | GPRE 5.25 11/01/30 UNRSGREEN PLAINS INC | 4,048,000 | $4.2B | 0.13% | |
| 87 | WLACWILLOW LANE ACQUISITION COR | 321,813 | $4.1B | 0.13% | |
| 88 | CFLTCONFLUENT INC | 125,000 | $3.8B | 0.12% | |
| 89 | JBSJBS N.V. | 250,000 | $3.6B | 0.11% | Call |
| 90 | HTZWWHERTZ GLOBAL HLDGS INC | 1,333,071 | $3.6B | 0.11% | |
| 91 | HCACHALL CHADWICK ACQUISITION C | 350,000 | $3.5B | 0.11% | |
| 92 | ITHAITHAX ACQUISITION CORP III | 350,000 | $3.5B | 0.11% | |
| 93 | SCIISC II ACQUISITION CORP | 327,678 | $3.3B | 0.11% | |
| 94 | BTDRBITDEER TECHNOLOGIES GROUP | 283,500 | $3.2B | 0.10% | |
| 95 | —BAIN CAP GSS INVT CORP | 300,000 | $3.0B | 0.10% | |
| 96 | BDCIBTC DEV CORP | 300,000 | $3.0B | 0.10% | |
| 97 | DRDBROMAN DBDR ACQUISITION CORP | 250,000 | $2.6B | 0.08% | |
| 98 | GENVRGEN DIGITAL INC | 582,785 | $2.6B | 0.08% | |
| 99 | BPACBLUEPORT ACQUISITION LTD | 250,000 | $2.5B | 0.08% | |
| 100 | BEBETGE VALUE CREATIVE SOLUTION | 250,000 | $2.5B | 0.08% |
Page 1 of 3Next