Radcliffe Capital Management, L.P. Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$1.6T

Holdings

237

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (237 positions)

#StockSharesValue% PortfolioType
1
ENPH 0 03/01/26Enphase Energy Inc
142,750,000$139.0B8.61%
2119,027,000$118.1B7.31%
3
NMFC 7.5 10/15/25New Mountain Finance Corporation
114,047,000$114.0B7.06%
4
TDOC 1.25 06/01/27Teladoc Health Inc
115,750,000$108.1B6.70%
5
FVRR 0 11/01/25Fiverr International Ltd
103,677,000$103.2B6.39%
6
MGNI 0.25 03/15/26Magnite Inc.
74,767,000$72.7B4.50%
7
RNG 0 03/15/26RingCentral Inc
68,006,000$66.3B4.11%
8
VAC 0 01/15/26Marriott Vacations Worldwide Corp
57,500,000$56.5B3.50%
9
BAND 0.5 04/01/28Bandwidth Inc
49,900,000$42.4B2.62%
10
ENPH 0 03/01/28Enphase Energy Inc
42,639,000$36.9B2.29%
1138,000,000$33.5B2.08%
12
CABO 0 03/15/26Cable One Inc
34,255,000$33.4B2.07%
13
ALRM 0 01/15/26Alarm.com Holdings Inc
22,250,000$21.9B1.36%
14
GLAD 5.875 10/01/30Gladstone Capital Corp
18,000,000$17.8B1.10%
15
U 0 11/15/26Unity Software Inc
18,461,000$17.6B1.09%
16
ARRY 1 12/01/28Array Technologies Inc
15,500,000$13.4B0.83%
1711,737,000$11.6B0.72%
1811,123,000$10.8B0.67%
1911,600,000$10.7B0.66%
20
BL 0 03/15/26BlackLine Inc
10,692,000$10.4B0.65%
21
MTN 0 01/01/26Vail Resorts Inc
10,000,000$9.9B0.61%
22
BACQBleichroeder Acquisition Corp I
912,239$9.5B0.59%
23
FTWEQV Ventures Acquisition Corp II
860,000$8.6B0.53%
24
ABNB 0 03/15/26Airbnb Inc
7,780,000$7.6B0.47%
25
SNOW 0 10/01/27Snowflake Inc
5,000,000$7.6B0.47%
26
COIN 0.25 04/01/30Coinbase Global Inc
6,000,000$7.5B0.47%
27
BILL 0 04/01/27BILL Holdings Inc
7,302,000$6.8B0.42%
28
GTENGores Holdings X Inc
658,063$6.7B0.42%
297,500,000$6.6B0.41%
30
AACBArtius II Acquisition Inc
650,000$6.6B0.41%
31
ATIIArchimedes Tech SPAC Partners Co
611,522$6.3B0.39%
32
GPATGP-Act III Acquisition Corp
572,895$6.1B0.38%
33
PACHPioneer Acquisition I Corp
592,475$5.9B0.37%
34
LOBLive Oak Acquisition Corp V
575,000$5.9B0.36%
35
MBVIM3-Brigade Acquisition VI Corp
575,000$5.8B0.36%
36
HCMAHCM III Acquisition Corp
575,000$5.8B0.36%
37
Hennessy Capital Investment Corp VII
568,447$5.8B0.36%
38
DMIIDrugs Made In America Acquisition II Corp
575,000$5.7B0.35%
39
NPACNew Providence Acquisition Corp III
558,386$5.7B0.35%
40
MSTRMICROSTRATEGY INC
2,500,000$5.6B0.35%
41
SDHISiddhi Acquisition Corp
550,000$5.6B0.35%
42
CCIICohen Circle Acquisition Corp II
550,000$5.6B0.35%
43
SOULSoulpower Acquisition Corp
550,126$5.6B0.34%
44
OTGAOTG Acquisition Corp I
550,000$5.5B0.34%
45
GIGGigCapital7 Corp
523,973$5.5B0.34%
46
YCYAA Mission Acquisition Corp
516,776$5.4B0.34%
47
NVCR 0 11/01/25Novocure Ltd
5,480,000$5.4B0.34%
48
DMIIDrugs Made In America Acquisition Corp
528,100$5.4B0.34%
49
DRDBRoman DBDR Acquisition Corp II
525,000$5.4B0.34%
50
HVMCHighview Merger Corp
532,201$5.4B0.33%
51
SIMASIM Acquisition Corp I
510,032$5.4B0.33%
52
OBAOxley Bridge Acquisition Ltd
538,089$5.4B0.33%
53
CHACRCrane Harbor Acquisition Corp
525,000$5.3B0.33%
54
TLNCUTalon Capital Corp
529,232$5.3B0.33%
55
JACSJackson Acquisition Co II
512,173$5.3B0.33%
56
TACHTitan Acquisition Corp
525,000$5.3B0.33%
57
COPLCopley Acquisition Corp
523,589$5.3B0.33%
58
OYSEOyster Enterprises II Acquisition Corp
525,110$5.3B0.33%
59
KCHVKochav Defense Acquisition Corp
525,000$5.3B0.33%
60
VACHVoyager Acquisition Corp
500,000$5.2B0.33%
61
BLZRTrailblazer Acquisition Corp
512,705$5.2B0.32%
62
TDACWTranslational Development Acquisition Corp
504,305$5.2B0.32%
63
KFIIK&F Growth Acquisition Corp II
508,291$5.2B0.32%
64
BL 1 06/01/29BlackLine Inc
5,000,000$5.2B0.32%
65
FACTFact II Acquisition Corp
500,000$5.2B0.32%
66
DBX 0 03/01/28Dropbox Inc
5,000,000$5.2B0.32%
67
CEPFCantor Equity Partners IV Inc
504,049$5.1B0.32%
68
CGCTCartesian Growth Corporation III
508,413$5.1B0.32%
69
NHICNewHold Investment Corp III
493,204$5.0B0.31%
70
TVAIThayer Ventures Acquisition Corp II
500,000$5.0B0.31%
71
XRPNArmada Acquisition Corp II
479,191$5.0B0.31%
72
POLEAndretti Acquisition Corp II
477,001$5.0B0.31%
73
EGHAEGH Acquisition Corp
478,972$4.8B0.30%
74
BACCBlue Acquisition Corp
479,220$4.8B0.30%
75
EMISEmmis Acquisition Corp
475,000$4.7B0.29%
76
BLUWBlue Water Acquisition Corp III
475,000$4.7B0.29%
77
TVATexas Ventures Acquisition III Corp
442,191$4.7B0.29%
78
LWACLightwave Acquisition Corp
475,000$4.7B0.29%
79
AXINAxiom Intelligence Acquisition Corp 1
472,187$4.7B0.29%
80
CRAQCal Redwood Acquisition Corp.
469,046$4.7B0.29%
81
CSLM Digital Asset Acquisition Corp III Ltd
464,278$4.6B0.29%
825,000,000$4.6B0.28%
83
BCARD Boral ARC Acquisition I Corp
455,349$4.5B0.28%
84
MACIMelar Acquisition Corp I
426,939$4.5B0.28%
85
ANSCAgriculture & Natural Solutions Acquisition Corp
404,458$4.4B0.27%
86
ALFCenturion Acquisition Corp
416,795$4.4B0.27%
87
PLMKPlum Acquisition Corp IV
425,330$4.4B0.27%
88
AEXAAmerican Exceptionalism Acquisition Corp A
400,000$4.4B0.27%
89
WENNWen Acquisition Corp
427,777$4.3B0.27%
90
SZZLSizzle Acquisition Corp II
427,445$4.3B0.27%
91
JENAJena Acquisition Corp II
415,634$4.2B0.26%
92
FTWEQV Ventures Acquisition Corp
397,032$4.1B0.26%
93
GSRFGSR IV Acquisition Corp
403,911$4.1B0.25%
94
RACRithm Acquisition Corp
399,101$4.1B0.25%
95
IPODDune Acquisition Corp II
400,000$4.0B0.25%
96
RAAQReal Asset Acquisition Corp
384,606$3.9B0.24%
97
LEGTLegato Merger Corp III
362,491$3.9B0.24%
98
NMPNMP Acquisition Corp
374,900$3.7B0.23%
99
CCCXChurchill Capital Corp X
283,917$3.7B0.23%
100
Spring Valley Acquisition Corp. III
354,972$3.6B0.23%
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