Radcliffe Capital Management, L.P. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$1.8T

Holdings

309

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (309 positions)

#	Stock	Shares	Value	% Portfolio
101	BLUWBlue Water Acquisition Corp III	475,000	$4.9B	0.27%
102	JENAJena Acquisition Corp II	479,790	$4.9B	0.27%
103	DYORInsight Digital Partners II	492,281	$4.9B	0.27%
104	KOYNDigital Asset Acquisition Corp	474,579	$4.8B	0.26%
105	XRPNArmada Acquisition Corp II	466,789	$4.8B	0.26%
106	TDWDTailwind 2.0 Acquisition Corp	477,680	$4.7B	0.26%
107	PLMKPlum Acquisition Corp IV	449,055	$4.7B	0.26%
108	BEAGBold Eagle Acquisition Corp	435,448	$4.6B	0.25%
109	MACIMelar Acquisition Corp I	426,939	$4.5B	0.25%
110	ANSCAgriculture & Natural Solutions Acquisition Corp	404,238	$4.5B	0.25%
111	IPODDune Acquisition Corp II	424,606	$4.3B	0.24%
112	—Newbury Street II Acquisition Corp	414,038	$4.3B	0.24%
113	LPBBLaunch Two Acquisition Corp	403,258	$4.2B	0.23%
114	AEXAAmerican Exceptionalism Acquisition Corp A	366,382	$4.2B	0.23%
115	FTWEQV Ventures Acquisition Corp	397,032	$4.2B	0.23%
116	FERAFifth Era Acquisition Corp I	404,403	$4.2B	0.23%
117	RACRithm Acquisition Corp	399,101	$4.1B	0.23%
118	MSTR 0 12/01/29MICROSTRATEGY INC	5,000,000	$4.1B	0.22%
119	BLRKBluerock Acquisition Corp	400,431	$4.0B	0.22%
120	—Social Commerce Partners Corp	399,861	$4.0B	0.22%
121	OACCOaktree Acquisition Corp III Life Sciences	377,065	$4.0B	0.22%
122	RAAQReal Asset Acquisition Corp	385,923	$3.9B	0.21%
123	—Spring Valley Acquisition Corp. III	383,498	$3.9B	0.21%
124	ALDFAldel Financial II Inc	370,459	$3.9B	0.21%
125	PAIIPyrophyte Acquisition Corp II	384,841	$3.9B	0.21%
126	LEGTLegato Merger Corp III	349,810	$3.8B	0.21%
127	NMPNMP Acquisition Corp	374,900	$3.8B	0.20%
128	TVATexas Ventures Acquisition III Corp	352,594	$3.8B	0.20%
129	ETSY 0.125 09/01/27Etsy Inc	4,025,000	$3.7B	0.20%
130	DNMXDynamix Corp III	375,171	$3.7B	0.20%
131	—Range Capital Acquisition Corp II	369,089	$3.7B	0.20%
132	VNMEVendome Acquisition Corp I	365,419	$3.7B	0.20%
133	CUBLionheart Holdings	345,241	$3.7B	0.20%
134	GTERAGloba Terra Acquisition Corp	350,000	$3.5B	0.19%
135	TACOBERTO ACQUISITION CORP	347,482	$3.5B	0.19%
136	APADA Paradise Acquisition Corp	350,000	$3.5B	0.19%
137	—McKinley Acquisition Corp	350,000	$3.5B	0.19%
138	YCYAA Mission Acquisition Corp II	350,000	$3.5B	0.19%
139	—Crown Reserve Acquisition Corp I	350,000	$3.5B	0.19%
140	LATAGalata Acquisition Corp II	350,000	$3.5B	0.19%
141	FIGXUFIGX Capital Acquisition Corp	331,994	$3.3B	0.18%
142	CHACRCrane Harbor Acquisition Corp	307,926	$3.3B	0.18%
143	CEPFCantor Equity Partners III Inc	323,608	$3.3B	0.18%
144	SOCASolarius Capital Acquisition Corp	328,299	$3.3B	0.18%
145	SPEGSilver Pegasus Acquisition Corp	318,618	$3.2B	0.17%
146	VCICVine Hill Capital Investment Corp II	318,172	$3.2B	0.17%
147	AEAQActivate Energy Acquisition Corp	315,653	$3.2B	0.17%
148	GIGGigCapital7 Corp	286,789	$3.0B	0.16%
149	CHECChenghe Acquisition III Co	300,000	$3.0B	0.16%
150	MCGAYorkville Acquisition Corp	294,690	$3.0B	0.16%
151	PMTRPerimeter Acquisition Corp I	276,973	$2.8B	0.15%
152	RDAGRepublic Digital Acquisition Co	266,602	$2.7B	0.15%
153	IPCXInflection Point Acquisition Corp III	263,743	$2.7B	0.15%
154	—Bain Capital GSS Investment Corp	264,693	$2.7B	0.15%
155	FCRSFutureCrest Acquisition Corp	261,340	$2.6B	0.14%
156	PELIPelican Acquisition Corp	249,365	$2.5B	0.14%
157	INACIndigo Acquisition Corp	250,000	$2.5B	0.14%
158	—Silicon Valley Acquisition Corp	250,000	$2.5B	0.14%
159	AIIAAI Infrastructure Acquisition Corp	250,000	$2.5B	0.14%
160	CHPGChampionsGate Acquisition Corp	239,738	$2.4B	0.13%
161	SBXDSilverbox Corp IV	227,454	$2.4B	0.13%
162	PGACPantages Capital Acquisition Corporation	229,090	$2.4B	0.13%
163	GSHRGesher Acquisition Corp II	227,045	$2.3B	0.13%
164	CEPFCantor Equity Partners V Inc	218,727	$2.2B	0.12%
165	BEBETGE Value Creative Solutions Corp	224,414	$2.2B	0.12%
166	SVCCUStellar V Capital Corp	213,002	$2.2B	0.12%
167	LKSPLake Superior Acquisition Corp	210,000	$2.1B	0.11%
168	MLACMountain Lake Acquisition Corp	193,057	$2.0B	0.11%
169	—LaFayette Acquisition Corp	200,000	$2.0B	0.11%
170	VCICVine Hill Capital Investment Corp	175,730	$1.9B	0.10%
171	MMTXMiluna Acquisition Corp	175,000	$1.7B	0.09%
172	BSAABEST SPAC I Acquisition Corp	170,000	$1.7B	0.09%
173	FIVNFive9 Inc	85,000	$1.7B	0.09%
174	CCIXChurchill Capital Corp IX	152,581	$1.6B	0.09%
175	BPACBlueport Acquisition Ltd	159,322	$1.6B	0.09%
176	—StoneBridge Acquisition II Corp	160,000	$1.6B	0.09%
177	LFACLeapfrog Acquisition Corp	156,403	$1.6B	0.09%
178	DSACUDaedalus Special Acquisition Corp	151,268	$1.5B	0.08%
179	QUMSQuantumsphere Acquisition Corp	150,000	$1.5B	0.08%
180	RTACRenatus Tactical Acquisition Corp I	139,812	$1.5B	0.08%
181	KBONUKarbon Capital Partners Corp	146,195	$1.5B	0.08%
182	CXWCoreCivic Inc	75,000	$1.4B	0.08%
183	ONCH1RT Acquisition Corp	139,292	$1.4B	0.08%
184	MGNIMagnite Inc.	87,400	$1.4B	0.08%
185	TDOCTeladoc Health Inc	201,300	$1.4B	0.08%
186	SSEAStarry Sea Acquisition Corp	128,372	$1.3B	0.07%
187	UYSCUY Scuti Acquisition Corp	125,125	$1.3B	0.07%
188	ALISCalisa Acquisition Corp	125,000	$1.2B	0.07%
189	BACQInflection Point Acquisition Corp. V	112,061	$1.2B	0.06%
190	TAVITavia Acquisition Corp	101,709	$1.1B	0.06%
191	PCRXPacira Biosciences Inc.	39,831	$1.0B	0.06%
192	LCCCLakeshore Acquisition III Corp	100,052	$1.0B	0.06%
193	SCIISC II Acquisition Corp	100,000	$1.0B	0.05%
194	WTGWintergreen Acquisition Corp	99,016	$1.0B	0.05%
195	WSTNWestin Acquisition Corp	100,000	$989.0M	0.05%
196	ETHMThe Ether Reserve LLC	91,192	$938.0M	0.05%
197	HYACHaymaker Acquisition Corp 4	76,631	$872.0M	0.05%
198	DC4DexCom Inc.	13,000	$862.0M	0.05%
199	CHARCharlton Aria Acquisition Corp	75,151	$787.0M	0.04%
200	GRAFGraf Global Corp	68,712	$738.0M	0.04%

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