Skaana Management L.P. Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$309.0M

Holdings

149

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (149 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	CORZWCORE SCIENTIFIC INC NEW	5,054,830	$42.8M	13.84%
2	ASTSAST SPACEMOBILE INC	505,700	$36.7M	11.89%	Put
3	CNP 3.36916 09/15/29CENTERPOINT ENERGY INC CONV PFD TAXBL	797,072	$28.7M	9.28%
4	SPYSPDR S&P 500 ETF TR	22,000	$15.0M	4.86%	Put
5	LCIDLUCID GROUP INC	1,060,415	$11.2M	3.63%	Put
6	EOSEEOS ENERGY ENTERPRISES INC	968,646	$11.1M	3.59%	Put
7	OXY/WSOCCIDENTAL PETE CORP	435,290	$8.4M	2.71%
8	BBAIBIGBEAR AI HLDGS INC	1,519,122	$8.2M	2.65%	Put
9	BTUPEABODY ENERGY CORP	271,300	$8.1M	2.61%	Put
10	CORZCORE SCIENTIFIC INC NEW	448,700	$6.5M	2.11%	Put
11	APOAPOLLO GLOBAL MGMT INC	44,400	$6.4M	2.08%	Put
12	EPR 5.75 PERP CEPR PPTYS	277,813	$6.2M	1.99%
13	AAUC 8.75 09/07/28AAUC 8 3/4 09/07/28	4,000,000	$6.0M	1.94%
14	BULLWEBULL CORP	687,426	$5.3M	1.73%	Put
15	STWD 6.75 07/15/27STARWOOD PPTY TR INC	4,665,000	$4.8M	1.57%
16	BYND 7 10/15/30BEYOND MEAT INC	5,979,000	$4.7M	1.51%
17	JBLU 2.5 09/01/29JETBLUE AIRWAYS CORP	4,697,000	$4.6M	1.48%
18	CLSK 0 02/15/32CLSK 0 02/15/32	6,000,000	$4.6M	1.47%
19	GPGICOMPOSECURE INC	226,100	$4.4M	1.41%	Call
20	BULLWEBULL CORP	1,308,903	$3.8M	1.21%
21	PLUG 6.75 12/01/33PLUG 6 3/4 12/01/33	3,500,000	$3.5M	1.13%
22	REAL 4 02/15/31THE REALREAL INC	2,000,000	$3.4M	1.10%
23	APO 6.75 07/31/26APOLLO GLOBAL MGMT INC	41,124	$3.1M	1.00%
24	GMEGAMESTOP CORP NEW	154,100	$3.1M	1.00%	Put
25	ASTS 2 01/15/36ASTS 2 01/15/36	3,000,000	$3.0M	0.98%
26	VOYG 0.75 11/15/30VOYG 3/4 11/15/30	2,598,000	$2.7M	0.89%
27	ENVXENOVIX CORPORATION	362,600	$2.6M	0.86%	Call
28	HTZ 5.5 10/01/30HTZ 5 1/2 10/01/30	3,250,000	$2.5M	0.82%
29	GME 0 06/15/32GME 0 06/15/32	2,500,000	$2.4M	0.79%
30	EOSE 1.75 12/01/31EOSE 1 3/4 12/01/31	2,500,000	$2.4M	0.79%
31	FLNC 2.25 06/15/30FLUENCE ENERGY INC	2,000,000	$2.4M	0.78%
32	ENVX 4.75 09/15/30ENVX 4 3/4 09/15/30	2,250,000	$2.2M	0.71%
33	DVAX 2 03/15/30DYNAVAX TECHNOLOGIES CORP	2,000,000	$2.1M	0.67%
34	BA 6 10/15/27BOEING CO	29,778	$2.1M	0.67%
35	IREN 0.25 06/01/32IREN 1/4 06/01/32	2,000,000	$1.9M	0.61%
36	IREN 0 07/01/31IREN 0 07/01/31	2,500,000	$1.9M	0.61%
37	LCID 5 04/01/30LCID 5 04/01/30	3,000,000	$1.8M	0.57%
38	IREN 1 06/01/33 33IREN 1 06/01/33 33	1,750,000	$1.6M	0.53%
39	RIOT 0.75 01/15/30RIOT PLATFORMS INC	1,408,000	$1.6M	0.52%
40	CCLCARNIVAL CORP	49,996	$1.5M	0.49%	Put
41	LUNR 2.5 10/01/30LUNR 2 1/2 10/01/30	1,000,000	$1.5M	0.49%
42	TXNM 5.75 06/01/54TXNM ENERGY INC	1,000,000	$1.3M	0.44%
43	MARA 0 08/01/32MARA 0 08/01/32	1,935,000	$1.3M	0.43%
44	BYNDBEYOND MEAT INC	1,557,800	$1.3M	0.41%	Put
45	NVV1NOVAVAX INC	190,100	$1.3M	0.41%	Put
46	CIFR 0 10/01/31CIFR 0 10/01/31	1,050,000	$1.3M	0.41%
47	ALB 7.25 03/01/27ALBEMARLE CORP	19,264	$1.1M	0.37%
48	AMC 6 04/30/30 144AAMC 6 04/30/30 144A	1,560,912	$1.1M	0.37%
49	BORRNO 5 02/08/28BORRNO 5 02/08/28	1,000,000	$1.0M	0.33%
50	ALBALBEMARLE CORP	7,000	$990K	0.32%	Call
51	NVAX 4.625 09/01/31NVAX 4 5/8 09/01/31	1,000,000	$989K	0.32%
52	PEB 1.625 01/15/30PEB 1 5/8 01/15/30	1,000,000	$974K	0.32%
53	CRWV 1.75 12/01/31CRWV 1 3/4 12/01/31	1,000,000	$951K	0.31%
54	MARA 0 06/01/31MARA HOLDINGS INC	1,000,000	$838K	0.27%
55	AAOIAPPLIED OPTOELECTRONICS INC	23,700	$825K	0.27%	Put
56	IRENIREN LIMITED	21,000	$793K	0.26%	Put
57	BABOEING CO	3,600	$781K	0.25%	Call
58	WWAYFAIR INC	7,143	$716K	0.23%	Put
59	CLSKCLEANSPARK INC	69,500	$702K	0.23%	Put
60	JBLUJETBLUE AWYS CORP	142,600	$648K	0.21%	Put
61	ASTS 2.375 10/15/32ASTS 2 3/8 10/15/32	490,000	$647K	0.21%
62	KKRKKR & CO INC	5,000	$637K	0.21%	Put
63	TE 5.25 12/01/30T1 ENERGY INC	500,000	$633K	0.20%
64	NBIS 1 09/15/30NBIS 1 09/15/30	600,000	$592K	0.19%
65	KKR 6.25 03/01/28 DKKR & CO INC	11,002	$570K	0.18%
66	CRWVCOREWEAVE INC	7,500	$536K	0.17%	Put
67	CIFRCIPHER MINING INC	35,000	$515K	0.17%	Put
68	ATRO 0 01/15/31ATRO 0 01/15/31	400,000	$469K	0.15%
69	JOBYJOBY AVIATION INC	117,921	$466K	0.15%
70	MARAMARA HOLDINGS INC	50,900	$456K	0.15%	Put
71	HTZHERTZ GLOBAL HLDGS INC	86,400	$443K	0.14%	Put
72	FFORD MTR CO	33,400	$438K	0.14%	Call
73	DJTTRUMP MEDIA & TECHNOLOGY	32,700	$432K	0.14%	Put
74	PLUNPLUG POWER INC	219,400	$431K	0.14%	Put
75	NOVT 6.5 11/01/28NOVANTA INC	5,873	$322K	0.10%
76	HLFHERBALIFE LTD	24,840	$320K	0.10%	Put
77	FSLYFASTLY INC	31,000	$314K	0.10%	Put
78	EPR 9 PERP EEPR PPTYS	10,148	$303K	0.10%
79	MAXNMAXEON SOLAR TECHNOLOGIES	108,700	$298K	0.10%	Put
80	NXNVWWTS/NEXTNAV INC EXP06/01/2027	21,000	$294K	0.10%
81	PGYPAGAYA TECHNOLOGIES LTD	13,300	$277K	0.09%	Put
82	RUNSUNRUN INC	15,000	$276K	0.09%	Put
83	RIVNRIVIAN AUTOMOTIVE INC	12,600	$247K	0.08%	Put
84	APLDAPPLIED DIGITAL CORP	10,000	$245K	0.08%	Call
85	PAYOPAYONEER GLOBAL INC	42,500	$238K	0.08%	Put
86	PRCHPORCH GROUP INC	25,000	$228K	0.07%	Call
87	OPENLOPENDOOR TECHNOLOGIES INC	439,135	$228K	0.07%
88	STEMSTEM INC	15,000	$225K	0.07%	Call
89	VWAVWVISIONWAVE HOLDINGS INC	173,105	$202K	0.07%
90	PL/WSPLANET LABS PBC	23,440	$201K	0.07%
91	OPENWOPENDOOR TECHNOLOGIES INC	189,347	$170K	0.06%
92	CRMLCRITICAL METALS CORP	62,286	$170K	0.06%
93	MPMP MATERIALS CORP	3,000	$151K	0.05%	Call
94	VOYGVOYAGER TECHNOLOGIES INC	5,000	$130K	0.04%	Put
95	STWDSTARWOOD PPTY TR INC	6,500	$117K	0.04%	Call
96	WULFTERAWULF INC	10,000	$114K	0.04%	Put
97	OPENOPENDOOR TECHNOLOGIES INC	19,000	$110K	0.04%	Call
98	ADTNADTRAN HOLDINGS INC	10,600	$92K	0.03%
99	LVWR/WSLIVEWIRE GROUP INC	1,344,955	$84K	0.03%
100	LUNRINTUITIVE MACHINES INC	5,000	$81K	0.03%	Call

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