Radcliffe Capital Management, L.P. Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$1.3B

Holdings

145

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (145 positions)

#	Stock	Shares	Value	% Portfolio
1	DOCN 0 12/01/26DigitalOcean Holdings Inc	155,235,000	$144.8M	11.03%
2	ENPH 0 03/01/26Enphase Energy Inc	140,250,000	$133.9M	10.20%
3	FVRR 0 11/01/25Fiverr International Ltd	100,677,000	$98.3M	7.48%
4	TDOC 1.25 06/01/27Teladoc Health Inc	94,750,000	$87.2M	6.64%
5	NICEIT 0 09/15/25Nice Ltd	81,181,000	$80.0M	6.09%
6	MGNI 0.25 03/15/26Magnite Inc.	74,767,000	$71.9M	5.48%
7	NMFC 7.5 10/15/25New Mountain Finance Corporation	67,047,000	$67.2M	5.12%
8	RNG 0 03/15/26RingCentral Inc	42,230,000	$40.5M	3.08%
9	ENPH 0 03/01/28Enphase Energy Inc	42,639,000	$34.6M	2.64%
10	ETSY 0.25 06/15/28Etsy Inc	38,000,000	$32.6M	2.48%
11	BAND 0.5 04/01/28Bandwidth Inc	38,900,000	$32.5M	2.48%
12	CABO 0 03/15/26Cable One Inc	34,255,000	$32.4M	2.47%
13	WIX 0 08/15/25Wix.com Ltd	28,500,000	$28.3M	2.15%
14	AFRM 0 11/15/26Affirm Holdings Inc	25,822,000	$24.2M	1.84%
15	U 0 11/15/26Unity Software Inc	18,461,000	$17.2M	1.31%
16	AAL 6.5 07/01/25American Airlines Group Inc	17,000,000	$17.0M	1.29%
17	PCRX 0.75 08/01/25Pacira Biosciences Inc.	16,688,000	$16.5M	1.26%
18	UPWK 0.25 08/15/26Upwork Inc	15,600,000	$14.7M	1.12%
19	ALRM 0 01/15/26Alarm.com Holdings Inc	13,500,000	$13.1M	1.00%
20	ETSY 0.125 09/01/27Etsy Inc	11,600,000	$10.3M	0.79%
21	ZS 0.125 07/01/25Zscaler Inc	5,000,000	$10.2M	0.78%
22	ARRY 1 12/01/28Array Technologies Inc	12,000,000	$9.5M	0.72%
23	ABNB 0 03/15/26Airbnb Inc	8,270,000	$8.0M	0.61%
24	BL 0 03/15/26BlackLine Inc	8,092,000	$7.8M	0.59%
25	OMCL 0.25 09/15/25Omnicell Inc	7,886,000	$7.8M	0.59%
26	MSTRMICROSTRATEGY INC	2,500,000	$6.9M	0.53%
27	GTENGores Holdings X Inc	658,063	$6.7M	0.51%
28	BILL 0 04/01/27BILL Holdings Inc	7,302,000	$6.6M	0.51%
29	COPLCopley Acquisition Corp	616,879	$6.2M	0.47%
30	—Hennessy Capital Investment Corp VII	563,399	$5.7M	0.44%
31	OYSEOyster Enterprises II Acquisition Corp	551,079	$5.6M	0.42%
32	JACSJackson Acquisition Co II	537,100	$5.5M	0.42%
33	TVAIThayer Ventures Acquisition Corp II	533,683	$5.4M	0.41%
34	XRPNArmada Acquisition Corp II	535,030	$5.4M	0.41%
35	BL 1 06/01/29BlackLine Inc	5,000,000	$5.3M	0.40%
36	VACHVoyager Acquisition Corp	500,000	$5.2M	0.40%
37	KCHVKochav Defense Acquisition Corp	500,000	$5.1M	0.39%
38	DBX 0 03/01/28Dropbox Inc	5,000,000	$5.1M	0.39%
39	SDHISiddhi Acquisition Corp	500,978	$5.1M	0.39%
40	CRAQCal Redwood Acquisition Corp.	504,694	$5.0M	0.38%
41	BACCBlue Acquisition Corp	500,000	$5.0M	0.38%
42	CRAQCal Redwood Acquisition Corp.	503,394	$5.0M	0.38%
43	—Blue Water Acquisition Corp III	500,000	$5.0M	0.38%
44	OBAOxley Bridge Acquisition Ltd	500,000	$5.0M	0.38%
45	PACHPioneer Acquisition I Corp	500,000	$5.0M	0.38%
46	OKTA 0.125 09/01/25Okta Inc	5,019,000	$5.0M	0.38%
47	AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC	5,000,000	$4.8M	0.37%
48	SZZLSizzle Acquisition Corp II	480,265	$4.8M	0.37%
49	CHACRCrane Harbor Acquisition Corp	464,049	$4.7M	0.36%
50	SOULSoulpower Acquisition Corp	439,784	$4.4M	0.34%
51	TVATexas Ventures Acquisition III Corp	419,832	$4.2M	0.32%
52	RACRithm Acquisition Corp	394,533	$4.0M	0.31%
53	COIN 0.25 04/01/30Coinbase Global Inc	3,000,000	$3.9M	0.30%
54	LWACLightwave Acquisition Corp	384,680	$3.9M	0.29%
55	AXINAxiom Intelligence Acquisition Corp 1	375,664	$3.8M	0.29%
56	ANSCAgriculture & Natural Solutions Acquisition Corp	336,632	$3.7M	0.28%
57	VRNT 0.25 04/15/26Verint Systems Inc	3,801,000	$3.6M	0.28%
58	KFIIK&F Growth Acquisition Corp II	349,331	$3.6M	0.27%
59	ATIIArchimedes Tech SPAC Partners Co	326,920	$3.3M	0.25%
60	RAAQReal Asset Acquisition Corp	325,971	$3.3M	0.25%
61	PLMKPlum Acquisition Corp IV	311,355	$3.2M	0.24%
62	CEPFCantor Equity Partners III Inc	300,000	$3.2M	0.24%
63	MACIMelar Acquisition Corp I	294,375	$3.1M	0.24%
64	IPODDune Acquisition Corp II	306,721	$3.1M	0.23%
65	—FIGX Capital Acquisition Corp	300,000	$3.0M	0.23%
66	CHPGChampionsGate Acquisition Corp	289,416	$2.9M	0.22%
67	—Newbury Street II Acquisition Corp	276,699	$2.9M	0.22%
68	SIMASIM Acquisition Corp I	270,579	$2.8M	0.21%
69	—Nabors Energy Transition Corp II	250,000	$2.8M	0.21%
70	AACBArtius II Acquisition Inc	268,002	$2.7M	0.21%
71	EGHAEGH Acquisition Corp	264,763	$2.7M	0.21%
72	TACHTitan Acquisition Corp	265,523	$2.7M	0.20%
73	JENAJena Acquisition Corp II	257,046	$2.6M	0.20%
74	PELIPelican Acquisition Corp	251,272	$2.5M	0.19%
75	POLEAndretti Acquisition Corp II	229,842	$2.4M	0.18%
76	SZZLSizzle Acquisition Corp II	232,571	$2.3M	0.18%
77	PGACAifeex Nexus Acquisition Corp	229,090	$2.3M	0.18%
78	BEAGBold Eagle Acquisition Corp	214,221	$2.2M	0.17%
79	SDHISiddhi Acquisition Corp	217,245	$2.2M	0.17%
80	SOULSoulpower Acquisition Corp	202,149	$2.0M	0.15%
81	LEGTLegato Merger Corp III	188,446	$2.0M	0.15%
82	CCCXUChurchill Capital Corp X	191,516	$2.0M	0.15%
83	CMIIUColumbus Circle Capital Corp I	179,930	$1.9M	0.15%
84	NHICNewHold Investment Corp III	183,091	$1.9M	0.14%
85	DRDBRoman DBDR Acquisition Corp II	179,440	$1.9M	0.14%
86	TDACWTranslational Development Acquisition Corp	175,304	$1.8M	0.14%
87	BSAABEST SPAC I Acquisition Corp	170,000	$1.7M	0.13%
88	SBXDSilverbox Corp IV	155,037	$1.7M	0.13%
89	MCGAYorkville Acquisition Corp	150,000	$1.7M	0.13%
90	ETHMDynamix Corp	155,118	$1.6M	0.12%
91	GPATGP-Act III Acquisition Corp	147,743	$1.6M	0.12%
92	TACOBERTO ACQUISITION CORP	143,626	$1.5M	0.11%
93	WENNWen Acquisition Corp	132,621	$1.4M	0.11%
94	DMIIDrugs Made In America Acquisition Corp	126,722	$1.3M	0.10%
95	BACQBleichroeder Acquisition Corp I	125,300	$1.3M	0.10%
96	WTGWintergreen Acquisition Corp	125,000	$1.3M	0.10%
97	UYSCUY Scuti Acquisition Corp	125,125	$1.3M	0.10%
98	—GSR III Acquisition Corp	116,500	$1.3M	0.10%
99	YCYAA Mission Acquisition Corp	117,075	$1.2M	0.09%
100	MGNIMagnite Inc.	50,000	$1.2M	0.09%

Page 1 of 2Next