DeepCurrents Investment Group LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$3.9B

Holdings

145

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (145 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IWMISHARES TR	12,609	$305.1M	7.83%	Put
2	BE 3 06/01/28BLOOM ENERGY CORP	50,576,000	$229.1M	5.88%
3	SEALTD 2.375 12/01/25SEA LTD	85,206,000	$168.4M	4.32%
4	NVMI 0 10/15/25NOVA LTD	34,500,000	$147.9M	3.79%
5	LRN 1.125 09/01/27STRIDE INC	38,300,000	$108.2M	2.78%
6	IONS 0 04/01/26IONIS PHARMACEUTICALS INC	70,427,000	$86.7M	2.22%
7	SPOT 0 03/15/26SPOTIFY USA INC	63,128,000	$86.5M	2.22%
8	MSTR 0.625 09/15/28STRATEGY INC	45,655,000	$86.5M	2.22%
9	FOUR 0 12/15/25SHIFT4 PMTS INC	80,933,000	$83.3M	2.14%
10	DXCM 0.25 11/15/25DEXCOM INC	83,213,000	$82.7M	2.12%
11	NET 0 08/15/26CLOUDFLARE INC	60,601,000	$75.4M	1.93%
12	NVCR 0 11/01/25NOVOCURE LTD	69,468,000	$69.1M	1.77%
13	SPYSPDR S&P 500 ETF TR	1,733	$67.1M	1.72%	Call
14	MMYT 0 02/15/28MAKEMYTRIP LIMITED MAURITIUS	24,676,000	$60.1M	1.54%
15	DKNG 0 03/15/28DRAFTKINGS INC NEW	62,164,000	$56.1M	1.44%
16	WK 1.25 08/15/28WORKIVA INC	56,500,000	$55.9M	1.43%
17	HALO 0.25 03/01/27HALOZYME THERAPEUTICS INC	45,017,000	$51.6M	1.32%
18	TDOC 1.25 06/01/27TELADOC HEALTH INC	55,000,000	$51.5M	1.32%
19	CNMD 2.25 06/15/27CONMED CORP	50,952,000	$48.5M	1.25%
20	FVRR 0 11/01/25FIVERR INTL LTD	47,447,000	$47.2M	1.21%
21	APLS 3.5 09/15/26APELLIS PHARMACEUTICALS INC	44,194,000	$45.9M	1.18%
22	TMDX 1.5 06/01/28TRANSMEDICS GROUP INC	30,824,000	$43.8M	1.12%
23	BSY 0.125 01/15/26BENTLEY SYS INC	44,334,000	$43.7M	1.12%
24	ETSY 0.125 10/01/26ETSY INC	40,948,000	$42.6M	1.09%
25	BTU 3.25 03/01/28PEABODY ENGR CORP	27,800,000	$41.8M	1.07%
26	IMAX 0.5 04/01/26IMAX CORP	35,000,000	$41.4M	1.06%
27	SEALTD 0.25 09/15/26SEA LTD	42,500,000	$40.8M	1.05%
28	IBITISHARES BITCOIN TRUST ETF	6,256	$40.7M	1.04%	Call
29	RPD 0.25 03/15/27RAPID7 INC	42,500,000	$40.0M	1.03%
30	COIN 0.5 06/01/26COINBASE GLOBAL INC	33,884,000	$37.7M	0.97%
31	SHAK 0 03/01/28SHAKE SHACK INC	38,269,000	$36.1M	0.93%
32	PRCH 9 05/15/30PORCH GROUP INC	24,100,000	$36.1M	0.93%
33	ASND 2.25 04/01/28ASCENDIS PHARMA A/S	25,894,000	$35.4M	0.91%
34	DXCM 0.375 05/15/28DEXCOM INC	38,250,000	$34.9M	0.89%
35	WBDWARNER BROS DISCOVERY INC	17,494	$34.2M	0.88%	Call
36	XLESELECT SECTOR SPDR TR	3,807	$34.0M	0.87%	Put
37	RIOTRIOT PLATFORMS INC	17,632	$33.6M	0.86%	Call
38	GES 3.75 04/15/28GUESS INC	33,249,000	$33.0M	0.85%
39	CHEF 2.375 12/15/28CHEFS WHSE INC	22,173,000	$32.1M	0.82%
40	LNTH 2.625 12/15/27LANTHEUS HLDGS INC	30,500,000	$32.1M	0.82%
41	DAY 0.25 03/15/26DAYFORCE INC	31,745,000	$31.1M	0.80%
42	QTWO 0.125 11/15/25Q2 HLDGS INC	31,402,000	$31.1M	0.80%
43	MSTRSTRATEGY INC	13,700,000	$30.7M	0.79%
44	ENPH 0 03/01/26ENPHASE ENERGY INC	31,422,000	$30.7M	0.79%
45	SATSECHOSTAR CORP	4,000	$30.5M	0.78%	Call
46	PAR 1.5 10/15/27PAR TECHNOLOGY CORP	31,000,000	$29.9M	0.77%
47	TLRY 5.2 06/15/27TILRAY BRANDS INC	25,050,000	$28.0M	0.72%
48	PTCT 1.5 09/15/26PTC THERAPEUTICS INC	21,401,000	$27.5M	0.70%
49	MGNI 0.25 03/15/26MAGNITE INC	28,000,000	$27.3M	0.70%
50	AFRM 0 11/15/26AFFIRM HLDGS INC	28,167,000	$26.9M	0.69%
51	GPRO 1.25 11/15/25GOPRO INC	25,110,000	$25.0M	0.64%
52	IRWD 1.5 06/15/26IRONWOOD PHARMACEUTICALS INC	27,000,000	$24.4M	0.62%
53	HYGISHARES TR	3,000	$24.4M	0.62%	Put
54	RDFN 0.5 04/01/27REDFIN CORP	26,000,000	$24.1M	0.62%
55	—MITEK SYS INC	23,755,000	$23.3M	0.60%
56	BSY 0.375 07/01/27BENTLEY SYS INC	24,500,000	$23.1M	0.59%
57	NIO 4.625 10/15/30NIO INC	21,482,000	$22.6M	0.58%
58	TRIP 0.25 04/01/26TRIPADVISOR INC	23,000,000	$22.4M	0.57%
59	NVDANVIDIA CORPORATION	1,200	$22.4M	0.57%	Put
60	TSLATESLA INC	500	$22.2M	0.57%	Call
61	ENOV 3.875 10/15/28ENOVIS CORPORATION	22,500,000	$22.2M	0.57%
62	FUBO 3.25 02/15/26FUBOTV INC	21,833,000	$21.6M	0.55%
63	RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC	23,029,000	$21.3M	0.55%
64	COIN 0.25 04/01/30COINBASE GLOBAL INC	16,500,000	$20.8M	0.53%
65	KWEBKRANESHARES TRUST	4,700	$19.7M	0.51%	Call
66	GOSS 5 06/01/27GOSSAMER BIO INC	27,860,000	$19.7M	0.51%
67	FSLY 0 03/15/26FASTLY INC	20,000,000	$19.5M	0.50%
68	TAT&T INC	245,436	$19.2M	0.49%	Put
69	BOX 0 01/15/26BOX INC	15,338,000	$19.2M	0.49%
70	MIGASTRATEGY INC	570	$18.4M	0.47%	Put
71	IRENIREN LIMITED	3,900	$18.3M	0.47%	Put
72	ITRI 0 03/15/26ITRON INC	16,290,000	$17.3M	0.44%
73	MFCMANULIFE FINL CORP	18,361	$17.0M	0.44%	Put
74	DDOGDATADOG INC	1,100	$15.7M	0.40%	Put
75	PI 1.125 05/15/27IMPINJ INC	8,500,000	$14.2M	0.36%
76	DBX 0 03/01/26DROPBOX INC	14,021,000	$13.9M	0.36%
77	PPHVANECK ETF TRUST	1,500	$13.6M	0.35%	Put
78	LARCN 1.75 01/15/27LITHIUM ARGENTINA AG	14,655,000	$13.5M	0.35%
79	LI 0.25 05/01/28LI AUTO INC	11,150,000	$12.8M	0.33%
80	OMER 9.5 06/15/29OMEROS CORP	14,614,000	$12.5M	0.32%
81	AXON 0.5 12/15/27AXON ENTERPRISE INC	3,900,000	$12.3M	0.31%
82	BCEBCE INC	5,000	$11.6M	0.30%	Put
83	XYZ 0.25 11/01/27BLOCK INC	12,500,000	$11.4M	0.29%
84	NBISNEBIUS GROUP N.V.	1,000	$11.2M	0.29%	Call
85	EB 0.75 09/15/26EVENTBRITE INC	11,625,000	$11.0M	0.28%
86	JDJD.COM INC	3,042	$10.6M	0.27%	Call
87	CRCLCIRCLE INTERNET GROUP INC	800	$10.6M	0.27%	Put
88	BYND 0 03/15/27BEYOND MEAT INC	49,198,000	$10.3M	0.27%
89	NWSANEWS CORP NEW	332,204	$10.2M	0.26%
90	PRGSPROGRESS SOFTWARE CORP	9,800,000	$9.8M	0.25%
91	CAKE 0.375 06/15/26CHEESECAKE FACTORY INC	9,491,000	$9.4M	0.24%
92	JAZZJAZZ PHARMACEUTICALS PLC	70,350	$9.3M	0.24%
93	ARKKARK ETF TR	1,050	$9.1M	0.23%	Put
94	HAE 0 03/01/26HAEMONETICS CORP MASS	9,224,000	$9.0M	0.23%
95	BEBLOOM ENERGY CORP	1,040	$8.8M	0.23%	Put
96	ESPR 4 11/15/25ESPERION THERAPEUTICS INC NE	8,396,000	$8.3M	0.21%
97	SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC	8,000,000	$8.2M	0.21%
98	GRPN 6.25 03/15/27 *GROUPON INC	6,996,000	$8.1M	0.21%
99	ATEC 0.75 08/01/26ALPHATEC HLDGS INC	7,433,000	$7.8M	0.20%
100	NKENIKE INC	1,000	$7.0M	0.18%	Call

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