DeepCurrents Investment Group LLC
CIK: 0001754535Latest portfolio: $3.1B · Q4 2025
Holdings
141
Total Value
$3.1B
New Positions
45
Closed Positions
49
Top Holdings
View All 141 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | IDCC 3.5 06/01/27INTERDIGITAL INC | 41,900,000 | $172.7M | 5.66% | NEW | |
| 2 | SPOT 0 03/15/26SPOTIFY USA INC | 65,628,000 | $74.7M | 2.45% | +2.5M | |
| 3 | NET 0 08/15/26CLOUDFLARE INC | 60,601,000 | $71.3M | 2.34% | — | |
| 4 | DKNG 0 03/15/28DRAFTKINGS INC NEW | 77,164,000 | $70.7M | 2.32% | +15.0M | |
| 5 | WK 1.25 08/15/28WORKIVA INC | 70,700,000 | $70.0M | 2.29% | +14.2M | |
| 6 | IONS 0 04/01/26IONIS PHARMACEUTICALS INC | 50,427,000 | $69.5M | 2.28% | -20,000,000 | |
| 7 | W 3.25 09/15/27WAYFAIR INC | 34,715,000 | $58.0M | 1.90% | NEW | |
| 8 | MSTR 0.625 09/15/28STRATEGY INC | 45,655,000 | $53.5M | 1.75% | — | |
| 9 | MMYT 0 02/15/28MAKEMYTRIP LIMITED MAURITIUS | 24,676,000 | $53.2M | 1.74% | — | |
| 10 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 55,000,000 | $52.4M | 1.72% | — | |
| 11 | NTNX 0.5 12/15/29NUTANIX INC | 54,000,000 | $52.1M | 1.71% | NEW | |
| 12 | CNMD 2.25 06/15/27CONMED CORP | 50,952,000 | $48.8M | 1.60% | — | |
| 13 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 43,029,000 | $48.4M | 1.59% | +20.0M | |
| 14 | ASND 2.25 04/01/28ASCENDIS PHARMA A/S | 33,394,000 | $47.4M | 1.55% | +7.5M | |
| 15 | ENPH 0 03/01/26ENPHASE ENERGY INC | 47,397,000 | $47.0M | 1.54% | +16.0M | |
| 16 | BTU 3.25 03/01/28PEABODY ENGR CORP | 27,800,000 | $46.7M | 1.53% | — | |
| 17 | OMER 9.5 06/15/29OMEROS CORP | 15,614,000 | $46.6M | 1.53% | +1.0M | |
| 18 | TMDX 1.5 06/01/28TRANSMEDICS GROUP INC | 30,824,000 | $46.4M | 1.52% | — | |
| 19 | RGEN 1 12/15/28REPLIGEN CORP | 41,529,000 | $45.6M | 1.49% | +38.0M | |
| 20 | APLS 3.5 09/15/26APELLIS PHARMACEUTICALS INC | 44,194,000 | $45.6M | 1.49% | — | |
| 21 | IBITISHARES BITCOIN TRUST ETF | 8,700 | $43.2M | 1.42% | +2K | Call |
| 22 | ALHC 4.25 11/15/29ALIGNMENT HEALTHCARE INC | 28,250,000 | $43.2M | 1.41% | NEW | |
| 23 | CALY 2.75 05/01/26TOPGOLF CALLAWAY BRANDS CORP | 41,783,000 | $41.7M | 1.37% | +39.5M | |
| 24 | ETSY 0.125 10/01/26ETSY INC | 40,948,000 | $41.4M | 1.36% | — | |
| 25 | SEALTD 0.25 09/15/26SEA LTD | 42,500,000 | $41.2M | 1.35% | — |
Quarterly Changes
New Positions
Closed Positions
- BE 3 06/01/28CLOSED$229.1B
- SEALTD 2.375 12/01/25CLOSED$168.4B
- NVMI 0 10/15/25CLOSED$147.9B
- FOUR 0 12/15/25CLOSED$83.3B
- DXCM 0.25 11/15/25CLOSED$82.7B
- NVCR 0 11/01/25CLOSED$69.1B
- SPYCLOSED$67.1B
- HALO 0.25 03/01/27CLOSED$51.6B
- FVRR 0 11/01/25CLOSED$47.2B
- IMAX 0.5 04/01/26CLOSED$41.4B
Increased Positions
| Name | Shares | Change |
|---|---|---|
| CALY 2.75 05/01/26 | 41.8M | +39.5M |
| RGEN 1 12/15/28 | 41.5M | +38.0M |
| RIVN 3.625 10/15/30 | 43.0M | +20.0M |
| ENPH 0 03/01/26 | 47.4M | +16.0M |
| DKNG 0 03/15/28 | 77.2M | +15.0M |
| WK 1.25 08/15/28 | 70.7M | +14.2M |
| ASND 2.25 04/01/28 | 33.4M | +7.5M |
| COIN 0.5 06/01/26 | 38.9M | +5.0M |
| AXON 0.5 12/15/27 | 8.9M | +5.0M |
| NIO 4.625 10/15/30 | 24.7M | +3.3M |
Decreased Positions
| Name | Shares | Change |
|---|---|---|
| BSY 0.125 01/15/26 | 11.6M | -32770000 |
| IONS 0 04/01/26 | 50.4M | -20000000 |
| LRN 1.125 09/01/27 | 23.0M | -15300000 |
| DAY 0.25 03/15/26 | 19.2M | -12500000 |
| PRCH 9 05/15/30 | 19.1M | -5000000 |
| BSY 0.375 07/01/27 | 21.0M | -3500000 |
| CDLX 4.25 04/01/29 | 4.4M | -2175000 |
| XYZ 0.25 11/01/27 | 10.4M | -2100000 |
| MSTR | 11.7M | -2000000 |
| PTCT 1.5 09/15/26 | 19.9M | -1500000 |
Sector Breakdown
UnknownNaN% ($InfinityT)
Financial Services0.0% ($4.319533056193141e+52T)
Technology0.0% ($3.460924012179992e+46T)
Healthcare0.0% ($11982128910.8T)
Communication Services0.0% ($132561256.5T)
Consumer Cyclical0.0% ($3633.6T)
Industrials0.0% ($915.9B)
Energy0.0% ($16.4B)
Utilities0.0% ($2.1M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 13, 2026 | $3.1B | 273 |
| Q3 2025 | Nov 14, 2025 | $3.9T | 288 |
| Q2 2025 | Aug 14, 2025 | $3.0T | 313 |
| Q1 2025 | May 15, 2025 | $3.3T | 346 |
| Q4 2024 | Feb 14, 2025 | $3.2T | 314 |
| Q3 2024 | Nov 14, 2024 | $3320.0T | 321 |
| Q2 2024 | Aug 14, 2024 | $2539.5T | 264 |
| Q1 2024 | May 15, 2024 | $2595.7T | 312 |
| Q4 2023 | Feb 14, 2024 | $2759.6T | 299 |
| Q3 2023 | Nov 14, 2023 | $2299.5T | 390 |
| Q2 2023 | Aug 14, 2023 | $2531.1T | 278 |
| Q1 2023 | May 15, 2023 | $2566.8T | 286 |
| Q4 2022 | Feb 14, 2023 | $2575.3T | 321 |
| Q3 2022 | Nov 14, 2022 | $2.6T | 382 |
| Q2 2022 | Aug 15, 2022 | $2.5T | 383 |
| Q1 2022 | May 16, 2022 | $3.2T | 379 |
| Q4 2021 | Feb 14, 2022 | $3.2T | 337 |
| Q3 2021 | Nov 15, 2021 | $3.4T | 330 |
| Q2 2021 | Aug 16, 2021 | $3.3T | 360 |
| Q1 2021 | May 17, 2021 | $2.9T | 614 |
| Q4 2020 | Feb 16, 2021 | $3.8T | 271 |
| Q3 2020 | Nov 16, 2020 | $3.0T | 203 |
| Q2 2020 | Aug 14, 2020 | $2.7T | 229 |
| Q1 2020 | May 15, 2020 | $2.0T | 228 |
| Q4 2019 | Feb 14, 2020 | $2.2T | 204 |
| Q3 2019 | Nov 14, 2019 | $1.5T | 168 |
| Q2 2019 | Aug 14, 2019 | $1.2T | 166 |
| Q1 2019 | May 15, 2019 | $1.2T | 163 |
| Q4 2018 | Feb 14, 2019 | $804.0B | 163 |
Fund Information
DeepCurrents Investment Group LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $3.1B across 141 holdings. The largest position is INTERDIGITAL INC (IDCC 3.5 06/01/27), representing 5.7% of the portfolio. Compared to the previous quarter, the fund opened 48 new positions and closed 52 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.