Polar Asset Management Partners Inc. Q1 2025 Filing

Filed May 15, 2025

Portfolio Value

$4.3B

Holdings

501

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (501 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF TR	607,000	$339.5M	7.83%	Put
2	NDQINVESCO QQQ TR	644,600	$302.3M	6.97%	Put
3	IDCC 3.5 06/01/27INTERDIGITAL INC	61,500,000	$165.4M	3.81%
4	LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN	100,000,000	$139.2M	3.21%
5	GVA 3.75 05/15/28GRANITE CONSTR INC	55,000,000	$94.6M	2.18%
6	IBITISHARES BITCOIN TRUST ETF	2,000,000	$93.6M	2.16%	Call
7	PHYS/USPROTT PHYSICAL GOLD TR	3,821,555	$91.9M	2.12%
8	IWMISHARES TR	450,000	$89.8M	2.07%	Put
9	MTSIMACOM TECH SOLUTIONS HLDGS I	671,244	$67.4M	1.55%	Put
10	LRN 1.125 09/01/27STRIDE INC	25,000,000	$61.0M	1.41%
11	AXON 0.5 12/15/27AXON ENTERPRISE INC	25,117,000	$59.0M	1.36%
12	PSLV/USPROTT PHYSICAL SILVER TR	5,079,061	$58.9M	1.36%
13	EVRG 4.5 12/15/27EVERGY INC	50,000,000	$58.8M	1.36%
14	PPL 2.875 03/15/28PPL CAP FDG INC	50,000,000	$56.1M	1.29%
15	MDTMEDTRONIC PLC	604,632	$54.3M	1.25%	Put
16	NVDANVIDIA CORPORATION	476,179	$51.6M	1.19%	Put
17	ITCIEURINTRA-CELLULAR THERAPIES INC	324,020	$42.7M	0.99%
18	GHGUARDANT HEALTH INC	955,102	$40.7M	0.94%	Put
19	ANETARISTA NETWORKS INC	510,152	$39.5M	0.91%	Put
20	PDCOEURPATTERSON COS INC	1,255,601	$39.2M	0.90%
21	DESPDESPEGAR COM CORP	2,008,907	$37.7M	0.87%	Put
22	TSMTAIWAN SEMICONDUCTOR MFG LTD	225,693	$37.5M	0.86%	Call
23	ITGR 2.125 02/15/28INTEGER HLDGS CORP	25,242,000	$36.9M	0.85%
24	AFWALIGN TECHNOLOGY INC	228,533	$36.3M	0.84%	Put
25	DNBDUN & BRADSTREET HLDGS INC	4,000,000	$35.8M	0.82%
26	TRVCCITIGROUP INC	500,000	$35.5M	0.82%	Call
27	WKC 3.25 07/01/28WORLD KINECT CORPORATION	30,000,000	$34.6M	0.80%
28	METAMETA PLATFORMS INC	59,813	$34.5M	0.79%	Put
29	JWNUSDNORDSTROM INC	1,366,640	$33.4M	0.77%
30	FTWEQV VENTURES ACQUISITION COR	3,200,000	$32.4M	0.75%
31	FYBRFRONTIER COMMUNICATIONS PARE	900,000	$32.3M	0.74%
32	LNT 3.875 03/15/26ALLIANT ENERGY CORP	30,000,000	$32.2M	0.74%
33	PODDINSULET CORP	121,804	$32.0M	0.74%
34	016VEREN INC	4,750,000	$31.5M	0.73%
35	SMHVANECK ETF TRUST	148,700	$31.4M	0.73%	Put
36	APPAPPLOVIN CORP	112,500	$29.8M	0.69%	Put
37	DC4DEXCOM INC	411,507	$28.1M	0.65%
38	NOANORTH AMERN CONSTR GROUP LTD	1,740,985	$27.6M	0.64%
39	CRDOCREDO TECHNOLOGY GROUP HOLDI	669,493	$26.9M	0.62%	Put
40	PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP	25,000,000	$26.4M	0.61%
41	TSLATESLA INC	100,000	$25.9M	0.60%	Call
42	AMPSUSDALTUS POWER INC	5,061,445	$25.1M	0.58%
43	STXSEAGATE TECHNOLOGY HLDNGS PL	263,704	$22.4M	0.52%	Put
44	CMS 3.375 05/01/28CMS ENERGY CORP	20,000,000	$22.2M	0.51%
45	ALFCENTURION ACQUISITION CORP	1,975,000	$20.3M	0.47%
46	SBXDSILVERBOX CORP IV	1,980,000	$20.1M	0.46%
47	—GSR III ACQUISITION CORP	1,980,000	$19.8M	0.46%
48	XHBSPDR SER TR	201,600	$19.5M	0.45%	Put
49	AMEDAMEDISYS INC	210,000	$19.5M	0.45%	Put
50	—M3BRIGADE ACQUISITION V CORP	1,875,000	$19.2M	0.44%
51	DMIIDRUGS MADE IN AMER ACQUTN CO	1,900,000	$19.0M	0.44%
52	MLACMOUNTAIN LAKE ACQUISITION CO	1,880,000	$18.9M	0.44%
53	OLEDUNIVERSAL DISPLAY CORP	135,064	$18.8M	0.43%
54	PLYAPLAYA HOTELS & RESORTS NV	1,336,461	$17.8M	0.41%
55	NVSTENVISTA HOLDINGS CORPORATION	1,028,630	$17.8M	0.41%	Put
56	POLEANDRETTI ACQUISITION CORP II	1,750,000	$17.7M	0.41%
57	SNOWSNOWFLAKE INC	120,000	$17.5M	0.40%	Put
58	GPATGP-ACT III ACQUISITION CORP	1,674,996	$17.3M	0.40%
59	GMEDGLOBUS MED INC	235,205	$17.2M	0.40%
60	EQXCN 4.75 10/15/28EQUINOX GOLD CORP	12,800,000	$17.1M	0.40%
61	MNDYMONDAY COM LTD	68,187	$16.6M	0.38%	Put
62	TMUST-MOBILE US INC	60,864	$16.2M	0.37%
63	APHAMPHENOL CORP NEW	238,774	$15.7M	0.36%	Call
64	—ARES ACQUISITION CORP II	1,394,317	$15.5M	0.36%
65	GRAFGRAF GLOBAL CORP	1,500,000	$15.4M	0.35%
66	JACSJACKSON ACQUISITION CO II	1,525,000	$15.4M	0.35%
67	XRTSPDR SER TR	220,100	$15.2M	0.35%	Put
68	MACIMELAR ACQUISITION CORP. I	1,485,000	$15.2M	0.35%
69	G2CEVERI HLDGS INC	1,108,816	$15.2M	0.35%
70	AACBARTIUS II ACQUISITION INC	1,500,000	$15.1M	0.35%
71	WDCWESTERN DIGITAL CORP	373,898	$15.1M	0.35%
72	LUVSOUTHWEST AIRLS CO	450,000	$15.1M	0.35%	Put
73	FAROFARO TECHNOLOGIES INC	548,753	$15.0M	0.35%
74	CALXCALIX INC	414,952	$14.7M	0.34%
75	BIIIBLACK SPADE ACQUISITION II C	1,400,000	$14.2M	0.33%
76	SMTCSEMTECH CORP	405,007	$13.9M	0.32%	Call
77	ENQENTEGRIS INC	153,391	$13.4M	0.31%
78	ATSG*AIR TRANSPORT SERVICES GRP I	585,000	$13.1M	0.30%
79	ACCDEURACCOLADE INC	1,873,557	$13.1M	0.30%
80	MCHPMICROCHIP TECHNOLOGY INC.	269,535	$13.0M	0.30%	Put
81	AVGOBROADCOM INC	76,874	$12.9M	0.30%	Call
82	ARKGARK ETF TR	610,000	$12.7M	0.29%	Put
83	NFLXNETFLIX INC	13,500	$12.6M	0.29%
84	BACQBLEICHROEDER ACQUISITION COR	1,250,000	$12.5M	0.29%
85	TAT&T INC	441,800	$12.5M	0.29%
86	VECO 3.75 06/01/27VEECO INSTRS INC DEL	8,171,000	$12.1M	0.28%
87	CSCOCISCO SYS INC	193,969	$12.0M	0.28%
88	WSTWEST PHARMACEUTICAL SVSC INC	53,070	$11.9M	0.27%
89	HURCHURCO CO	760,582	$11.8M	0.27%
90	MIGAMICROSTRATEGY INC	40,000	$11.5M	0.27%	Call
91	HOODROBINHOOD MKTS INC	273,100	$11.4M	0.26%	Put
92	UNHUNITEDHEALTH GROUP INC	21,472	$11.2M	0.26%
93	KRNTKORNIT DIGITAL LTD	584,460	$11.2M	0.26%
94	IHIISHARES TR	183,000	$11.0M	0.25%	Put
95	COLL 2.875 02/15/29COLLEGIUM PHARMACEUTICAL INC	10,000,000	$10.8M	0.25%
96	PENPENUMBRA INC	40,259	$10.8M	0.25%
97	MDBMONGODB INC	61,100	$10.7M	0.25%
98	ANSCAGRICULTURE & NAT SOL ACQ CO	1,000,000	$10.7M	0.25%
99	CHTRCHARTER COMMUNICATIONS INC N	28,500	$10.5M	0.24%
100	VRTXVERTEX PHARMACEUTICALS INC	21,594	$10.5M	0.24%

Page 1 of 6Next