CSS LLC/IL Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$2.2B
Holdings
870
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (870 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SATS 3.875 11/30/30ECHOSTAR CORP | 37,825,753 | $126.5M | 5.62% | |
| 2 | LITE 0.5 06/15/28LUMENTUM HLDGS INC | 40,464,000 | $115.0M | 5.11% | |
| 3 | SPYSPDR S&P 500 ETF TR | 115,846 | $79.0M | 3.51% | Put |
| 4 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 65,074,000 | $75.4M | 3.35% | |
| 5 | IONS 0 04/01/26IONIS PHARMACEUTICALS INC | 44,792,000 | $61.5M | 2.73% | |
| 6 | WDCWESTERN DIGITAL CORP | 330,000 | $56.8M | 2.53% | Put |
| 7 | BTU 3.25 03/01/28PEABODY ENGR CORP | 30,268,000 | $50.9M | 2.26% | |
| 8 | LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN | 32,756,000 | $47.6M | 2.12% | |
| 9 | EQXCN 4.75 10/15/28EQUINOX GOLD CORP | 18,936,000 | $44.4M | 1.97% | |
| 10 | MIGASTRATEGY INC | 282,400 | $42.9M | 1.91% | Put |
| 11 | LITE 1.5 12/15/29LUMENTUM HLDGS INC | 7,500,000 | $39.9M | 1.77% | |
| 12 | RIG 4.625 09/30/29 *TRANSOCEAN INC | 27,333,000 | $37.6M | 1.67% | |
| 13 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 26,500,000 | $29.8M | 1.33% | |
| 14 | BAC 7.25 PERP LBANK AMERICA CORP | 23,661 | $29.5M | 1.31% | |
| 15 | GMEGAMESTOP CORP NEW | 1,469,360 | $29.5M | 1.31% | Put |
| 16 | GQ9SPDR GOLD TR | 74,230 | $29.4M | 1.31% | Put |
| 17 | SOFISOFI TECHNOLOGIES INC | 907,463 | $23.8M | 1.06% | Put |
| 18 | RSPINVESCO EXCHANGE TRADED FD T | 109,842 | $21.0M | 0.94% | Call |
| 19 | GH 1.25 02/15/31GUARDANT HEALTH INC | 11,000,000 | $20.1M | 0.89% | |
| 20 | VOOVANGUARD INDEX FDS | 31,650 | $19.8M | 0.88% | |
| 21 | AALAMERICAN AIRLS GROUP INC | 1,211,900 | $18.6M | 0.83% | Put |
| 22 | CORZWCORE SCIENTIFIC INC NEW | 2,031,951 | $17.2M | 0.76% | |
| 23 | IAU*ISHARES GOLD TR | 197,260 | $16.0M | 0.71% | |
| 24 | MNKD 2.5 03/01/26MANNKIND CORP | 13,980,000 | $15.9M | 0.71% | |
| 25 | SNOW 0 10/01/27SNOWFLAKE INC | 10,393,000 | $15.4M | 0.69% | |
| 26 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 15,505,000 | $15.4M | 0.68% | |
| 27 | COLL 2.875 02/15/29COLLEGIUM PHARMACEUTICAL INC | 10,500,000 | $14.8M | 0.66% | |
| 28 | 6RJ0ROCKET LAB CORP | 210,727 | $14.7M | 0.65% | Put |
| 29 | VTR 3.75 06/01/26VENTAS RLTY LTD PARTNERSHIP | 10,317,000 | $14.6M | 0.65% | |
| 30 | LRN 1.125 09/01/27STRIDE INC | 10,300,000 | $14.1M | 0.63% | |
| 31 | MARA 2.125 09/01/31MARA HOLDINGS INC | 17,000,000 | $13.8M | 0.61% | |
| 32 | BYND 7 10/15/30BEYOND MEAT INC | 17,118,000 | $13.1M | 0.58% | |
| 33 | HAE 2.5 06/01/29HAEMONETICS CORP MASS | 12,500,000 | $13.0M | 0.58% | |
| 34 | PPL 2.875 03/15/28PPL CAP FDG INC | 11,464,000 | $12.6M | 0.56% | |
| 35 | FLNC 2.25 06/15/30FLUENCE ENERGY INC | 10,140,000 | $12.3M | 0.55% | |
| 36 | WWAYFAIR INC | 5,124,000 | $11.8M | 0.52% | |
| 37 | —KIMCO RLTY CORP | 200,173 | $11.7M | 0.52% | |
| 38 | CIFR 1.75 05/15/30CIPHER MINING INC | 3,000,000 | $10.5M | 0.46% | |
| 39 | SWZTOTAL RETURN SECURITIES FUND | 1,659,007 | $10.3M | 0.46% | |
| 40 | WOLF 2.5 06/15/31WOLFSPEED INC | 6,822,000 | $10.1M | 0.45% | |
| 41 | F 0 03/15/26FORD MTR CO | 9,331,000 | $9.7M | 0.43% | |
| 42 | SATSECHOSTAR CORP | 85,200 | $9.3M | 0.41% | Put |
| 43 | CELC 2.75 08/01/31CELCUITY INC | 4,210,000 | $9.1M | 0.41% | |
| 44 | MARA 0 03/01/30MARA HOLDINGS INC | 11,500,000 | $9.0M | 0.40% | |
| 45 | PTCT 1.5 09/15/26PTC THERAPEUTICS INC | 6,000,000 | $8.9M | 0.40% | |
| 46 | MSTR 2.25 06/15/32STRATEGY INC | 7,885,000 | $8.8M | 0.39% | |
| 47 | PSKYPARAMOUNT SKYDANCE CORP | 652,379 | $8.7M | 0.39% | Put |
| 48 | STEWSRH TOTAL RETURN FUND INC | 461,965 | $8.6M | 0.38% | |
| 49 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC | 9,500,000 | $8.5M | 0.38% | |
| 50 | LYFT 0.625 03/01/29LYFT INC | 6,969,000 | $8.4M | 0.37% | |
| 51 | SPB 3.375 06/01/29SPECTRUM BRANDS INC | 8,780,000 | $8.3M | 0.37% | |
| 52 | SPE 2.75 01/27/27 CSPECIAL OPPORTUNITIES FD INC | 323,419 | $8.0M | 0.36% | |
| 53 | DMIIDRUGS MADE IN AMER ACQ II CO | 806,001 | $8.0M | 0.35% | |
| 54 | LNT 3.875 03/15/26ALLIANT ENERGY CORP | 7,585,000 | $7.9M | 0.35% | |
| 55 | BKD 2 10/15/26BROOKDALE SR LIVING INC | 5,632,000 | $7.7M | 0.34% | |
| 56 | IRHOUIRON HORSE ACQUISIT CORP II | 738,100 | $7.3M | 0.33% | |
| 57 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 6,480,000 | $7.3M | 0.32% | |
| 58 | TACHTITAN ACQUISITION CORP | 708,268 | $7.3M | 0.32% | |
| 59 | ITGR 2.125 02/15/28INTEGER HLDGS CORP | 6,372,000 | $7.2M | 0.32% | |
| 60 | RIVNRIVIAN AUTOMOTIVE INC | 360,100 | $7.1M | 0.32% | Put |
| 61 | GES 3.75 04/15/28GUESS INC | 7,000,000 | $7.0M | 0.31% | |
| 62 | WDCWESTERN DIGITAL CORP | 39,823 | $6.9M | 0.30% | |
| 63 | WENNWEN ACQUISITION CORP | 647,631 | $6.5M | 0.29% | |
| 64 | ATEC 0.75 08/01/26ALPHATEC HLDGS INC | 5,200,000 | $6.5M | 0.29% | |
| 65 | ITHAITHAX ACQUISITION CORP III | 593,710 | $5.9M | 0.26% | |
| 66 | CSGS 3.875 09/15/28CSG SYS INTL INC | 5,000,000 | $5.9M | 0.26% | |
| 67 | DBMFLITMAN GREGORY FDS TR | 205,764 | $5.8M | 0.26% | |
| 68 | NIONIO INC | 1,127,200 | $5.7M | 0.26% | Put |
| 69 | IBITISHARES BITCOIN TRUST ETF | 112,234 | $5.6M | 0.25% | Put |
| 70 | GPRE 5.25 11/01/30 UNRSGREEN PLAINS INC | 5,256,000 | $5.5M | 0.25% | |
| 71 | BRRPROCAP FINL INC | 1,548,500 | $5.5M | 0.24% | |
| 72 | IONS 1.75 06/15/28IONIS PHARMACEUTICALS INC | 3,429,000 | $5.4M | 0.24% | |
| 73 | CTASIMPLIFY EXCHANGE TRADED FUN | 193,515 | $5.3M | 0.23% | |
| 74 | BRWSABA CAPITAL INCOME & OPRNT | 739,304 | $5.2M | 0.23% | |
| 75 | MSTR 0.875 03/15/31STRATEGY INC | 5,037,000 | $5.2M | 0.23% | |
| 76 | ENOV 3.875 10/15/28ENOVIS CORPORATION | 4,974,000 | $4.9M | 0.22% | |
| 77 | HTHT 3 05/01/26H WORLD GROUP LTD | 3,796,000 | $4.8M | 0.22% | |
| 78 | XLFSELECT SECTOR SPDR TR | 87,500 | $4.8M | 0.21% | Put |
| 79 | LKSPLAKE SUPERIOR ACQUISITION CO | 465,815 | $4.7M | 0.21% | |
| 80 | EXAS 0.375 03/01/28EXACT SCIENCES CORP | 4,583,000 | $4.7M | 0.21% | |
| 81 | ARKKARK ETF TR | 61,000 | $4.7M | 0.21% | Call |
| 82 | BEBLOOM ENERGY CORP | 53,823 | $4.7M | 0.21% | Put |
| 83 | XLESELECT SECTOR SPDR TR | 103,800 | $4.6M | 0.21% | Put |
| 84 | IPCXINFLECTION PT ACQUISITION CO | 454,422 | $4.6M | 0.20% | |
| 85 | MSTR 0.625 09/15/28STRATEGY INC | 3,900,000 | $4.6M | 0.20% | |
| 86 | RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC | 3,639,000 | $4.6M | 0.20% | |
| 87 | NIO 4.625 10/15/30NIO INC | 5,000,000 | $4.5M | 0.20% | |
| 88 | MESHMESHFLOW ACQUISITION CORP | 446,548 | $4.5M | 0.20% | |
| 89 | XLVSELECT SECTOR SPDR TR | 28,700 | $4.4M | 0.20% | Put |
| 90 | MSTRSTRATEGY INC | 3,390,000 | $4.3M | 0.19% | |
| 91 | XRSFXRIVERNORTH CAP AND INCM FD I | 294,880 | $4.2M | 0.19% | |
| 92 | SEDG 2.25 07/01/29SOLAREDGE TECHNOLOGIES INC | 3,652,000 | $4.2M | 0.19% | |
| 93 | IWMISHARES TR | 17,088 | $4.2M | 0.19% | Put |
| 94 | MXEMEXICO EQUITY & INCOME FD | 332,579 | $4.1M | 0.18% | |
| 95 | AVUVAMERICAN CENTY ETF TR | 39,420 | $4.0M | 0.18% | |
| 96 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 2,550,000 | $4.0M | 0.18% | |
| 97 | RAAQREAL ASSET ACQUISITION CORP | 386,748 | $4.0M | 0.18% | |
| 98 | SMTCSEMTECH CORP | 53,535 | $3.9M | 0.18% | Put |
| 99 | TLTISHARES TR | 44,000 | $3.8M | 0.17% | Call |
| 100 | QXO 5.5 05/15/28QXO INC | 67,921 | $3.8M | 0.17% |
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