HEIGHTS CAPITAL MANAGEMENT, INC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$278.8B
Holdings
192
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (192 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | FLUTFLUTTER ENTMT PLC | 294,180 | $63.3B | 22.69% | |
| 2 | NNENANO NUCLEAR ENERGY INC | 608,500 | $14.6B | 5.24% | Put |
| 3 | FGMCFG MERGER II CORP | 790,000 | $7.9B | 2.84% | |
| 4 | JACSJACKSON ACQUISITION CO II | 700,000 | $7.3B | 2.62% | |
| 5 | DMIIDRUGS MADE IN AMER ACQUTN CO | 650,000 | $6.7B | 2.42% | |
| 6 | DMIIDRUGS MADE IN AMER ACQ II CO | 519,400 | $5.2B | 1.86% | |
| 7 | CCXIUCHURCHILL CAP CORP XI | 499,000 | $5.1B | 1.83% | |
| 8 | KCHVKOCHAV DEFENSE ACQUI CO | 500,000 | $5.1B | 1.82% | |
| 9 | IRHOUIRON HORSE ACQUISIT CORP II | 470,000 | $4.7B | 1.68% | |
| 10 | EMPDEMPERY DIGITAL INC | 1,000,000 | $4.6B | 1.64% | |
| 11 | NMPNMP ACQUISITION CORP | 450,000 | $4.5B | 1.62% | |
| 12 | GPATGP-ACT III ACQUISITION CORP | 416,096 | $4.5B | 1.60% | |
| 13 | ABSIABSCI CORPORATION | 1,065,640 | $3.7B | 1.33% | |
| 14 | FERAFIFTH ERA ACQUISITION CORP I | 350,000 | $3.6B | 1.29% | |
| 15 | NYXHNYXOAH S A | 777,188 | $3.6B | 1.28% | |
| 16 | EMISEMMIS ACQUISITION CORP. | 350,000 | $3.5B | 1.25% | |
| 17 | TWLVTWELVE SEAS INVT CO III | 350,000 | $3.5B | 1.25% | |
| 18 | FVNFUTURE VISION II ACQUISITION | 325,000 | $3.4B | 1.23% | |
| 19 | FSHPFLAG SHIP ACQUISITION CORP | 306,569 | $3.3B | 1.18% | |
| 20 | CBIOCRESCENT BIOPHARMA INC. | 264,000 | $3.1B | 1.12% | |
| 21 | COPLCOPLEY ACQUISITION CORP | 300,000 | $3.1B | 1.10% | |
| 22 | AIIAAI INFRASTRUCTURE ACQUISI | 300,000 | $3.1B | 1.10% | |
| 23 | VACHVOYAGER ACQUISITION CORP | 250,000 | $2.7B | 0.96% | |
| 24 | PLMKPLUM ACQUISITION CORP IV | 250,000 | $2.6B | 0.93% | |
| 25 | KYTXKYVERNA THERAPEUTICS INC | 271,822 | $2.6B | 0.92% | |
| 26 | —ORIGIN INVT CORP I | 249,900 | $2.5B | 0.91% | |
| 27 | TVAITHAYER VENTURES ACQ CORP II | 250,000 | $2.5B | 0.91% | |
| 28 | OBAOXLEY BRIDGE ACQ LTD | 250,000 | $2.5B | 0.90% | |
| 29 | MESHMESHFLOW ACQUISITION CORP | 250,000 | $2.5B | 0.90% | |
| 30 | SLNHSOLUNA HOLDINGS INC | 2,043,964 | $2.4B | 0.86% | |
| 31 | CHPGCHAMPIONSGATE ACQUISITION CO | 212,182 | $2.2B | 0.77% | |
| 32 | LKSPLAKE SUPERIOR ACQUISITION CO | 210,000 | $2.1B | 0.75% | |
| 33 | RIBBRIBBON ACQUISITION CORP | 200,000 | $2.1B | 0.75% | |
| 34 | COLACOLUMBUS ACQUISITION CORP | 200,000 | $2.1B | 0.74% | |
| 35 | LCCCLAKESHORE ACQUISITION III CO | 200,000 | $2.0B | 0.73% | |
| 36 | SZZLSIZZLE ACQUISITION CORP. II | 200,000 | $2.0B | 0.73% | |
| 37 | SOULSOULPOWER ACQUISITION CORP | 200,000 | $2.0B | 0.73% | |
| 38 | YCYAA MISSION ACQUISITION CORP | 200,000 | $2.0B | 0.72% | |
| 39 | DNMXDYNAMIX CORP III | 200,000 | $2.0B | 0.72% | |
| 40 | SPEGSILVER PEGASUS ACQUISITION C | 199,100 | $2.0B | 0.72% | |
| 41 | APADA PARADISE ACQUISITION CORP | 199,600 | $2.0B | 0.72% | |
| 42 | —CROWN RESV ACQUISITION CORP | 200,000 | $2.0B | 0.71% | |
| 43 | AVXAVAX ONE TECHNOLOGY LTD | 1,300,000 | $2.0B | 0.70% | |
| 44 | XRPNARMADA ACQUISITION CORP II | 191,267 | $2.0B | 0.70% | |
| 45 | RDAGREPUBLIC DIGITAL ACQUISITION | 178,000 | $1.8B | 0.65% | |
| 46 | UYSCUY SCUTI ACQUISITION CORP. | 175,000 | $1.8B | 0.64% | |
| 47 | BSAABEST SPAC I ACQUISITION CORP | 175,000 | $1.8B | 0.64% | |
| 48 | CAPNCAYSON ACQUISITION CORP | 150,000 | $1.6B | 0.57% | |
| 49 | NVANOVA MINERALS LTD | 255,906 | $1.6B | 0.56% | |
| 50 | CGCTCARTESIAN GROWTH CORP III | 150,000 | $1.5B | 0.55% | |
| 51 | SCIISC II ACQUISITION CORP | 150,000 | $1.5B | 0.54% | |
| 52 | EVOXEVOLUTION GLOBAL ACQUISITION | 150,000 | $1.5B | 0.54% | |
| 53 | IGACINVEST GREEN ACQUISITION COR | 150,000 | $1.5B | 0.54% | |
| 54 | HCACHALL CHADWICK ACQUISITION CO | 150,000 | $1.5B | 0.54% | |
| 55 | QUMSQUANTUMSPHERE ACQUISITION CO | 150,000 | $1.5B | 0.54% | |
| 56 | GIWGIGCAPITAL8 CORP | 141,683 | $1.4B | 0.52% | |
| 57 | HYACHAYMAKER ACQUISITION CORP IV | 121,772 | $1.4B | 0.50% | |
| 58 | GTERAGLOBA TERRA ACQUISITION COR | 124,229 | $1.3B | 0.45% | |
| 59 | TACHTITAN ACQUISITION CORP | 120,000 | $1.2B | 0.44% | |
| 60 | BLZRTRAILBLAZER ACQUISITION CORP | 113,373 | $1.2B | 0.42% | |
| 61 | ITHAITHAX ACQUISITION CORP III | 110,000 | $1.1B | 0.39% | |
| 62 | GSRFGSR IV ACQUISITION CORP | 103,119 | $1.1B | 0.38% | |
| 63 | BACQINFLECTION POINT ACQU CORP V | 100,000 | $1.0B | 0.37% | |
| 64 | WTGWINTERGREEN ACQUISITION CORP | 100,000 | $1.0B | 0.37% | |
| 65 | TACOBERTO ACQUISITION CORP | 100,000 | $1.0B | 0.36% | |
| 66 | MKLYMCKINLEY ACQUISITION CORP | 100,000 | $1.0B | 0.36% | |
| 67 | BPACBLUEPORT ACQUISITION LTD | 100,000 | $1.0B | 0.36% | |
| 68 | INACINDIGO ACQUISITION CORP | 100,000 | $1.0B | 0.36% | |
| 69 | FIGXUFIGX CAP ACQUISITION CORP. | 100,000 | $1.0B | 0.36% | |
| 70 | PACHPIONEER ACQUISITION I CORP | 100,000 | $1.0B | 0.36% | |
| 71 | SSEASTARRY SEA ACQUISITION CORP | 100,000 | $1.0B | 0.36% | |
| 72 | LAFALAFAYETTE ACQUISITION CORP | 100,000 | $1.0B | 0.36% | |
| 73 | BLRKBLUEROCK ACQUISITION CORP | 100,000 | $1.0B | 0.36% | |
| 74 | TDWDTAILWIND 2.0 ACQUISITION COR | 100,000 | $986.0M | 0.35% | |
| 75 | FTWEQV VENTURES ACQUISITION COR | 93,574 | $981.0M | 0.35% | |
| 76 | —SPRING VY ACQUISITION CORP I | 86,481 | $893.0M | 0.32% | |
| 77 | ALISCALISA ACQUISITION CORP | 75,000 | $783.0M | 0.28% | |
| 78 | CRANUCRANE HBR ACQUISITION CORP I | 75,000 | $754.0M | 0.27% | |
| 79 | LFACLEAPFROG ACQUISITION CORP | 75,000 | $750.0M | 0.27% | |
| 80 | TAVITAVIA ACQUISITION CORP | 65,000 | $678.0M | 0.24% | |
| 81 | PGACPANTAGES CAPITAL ACQUISITION | 65,000 | $673.0M | 0.24% | |
| 82 | FACTFACT II ACQUISITION CORP | 60,000 | $625.0M | 0.22% | |
| 83 | —HENNESSY CAP INVT CORP VII | 60,000 | $621.0M | 0.22% | |
| 84 | CTXRCITIUS PHARMACEUTICALS INC | 799,934 | $621.0M | 0.22% | |
| 85 | PMTRPERIMETER ACQUISITION CORP I | 58,925 | $605.0M | 0.22% | |
| 86 | VCICVINE HILL CAP INVT CORP. | 55,790 | $600.0M | 0.22% | |
| 87 | MACIMELAR ACQUISITION CORP. I | 52,161 | $554.0M | 0.20% | |
| 88 | CUBLIONHEART HOLDINGS | 50,798 | $542.0M | 0.19% | |
| 89 | —RANGE CAP ACQUISITION CORP | 50,000 | $527.0M | 0.19% | |
| 90 | NPACNEW PROVIDENCE ACQUISITION C | 50,000 | $513.0M | 0.18% | |
| 91 | APACSTONEBRIDGE ACQUISITION II C | 50,500 | $509.0M | 0.18% | |
| 92 | PELIPELICAN ACQUISITION CORP | 50,000 | $508.0M | 0.18% | |
| 93 | IPCXINFLECTION PT ACQUISITION CO | 50,000 | $507.0M | 0.18% | |
| 94 | HVMCHIGHVIEW MERGER CORP | 50,000 | $506.0M | 0.18% | |
| 95 | OYSEOYSTER ENTERPRISES II ACQUIS | 50,000 | $505.0M | 0.18% | |
| 96 | —CSLM DIGITA ASSET ACQ CORP I | 49,900 | $504.0M | 0.18% | |
| 97 | AXINAXIOM INTELLIGENCE AC CORP 1 | 50,000 | $503.0M | 0.18% | |
| 98 | VACIVIKING ACQUISITION CORP I | 50,000 | $503.0M | 0.18% | |
| 99 | DYORINSIGHT DIGITAL PARTNERS II | 50,000 | $503.0M | 0.18% | |
| 100 | SOCASOLARIUS CAPITAL ACQU CORP | 50,000 | $502.0M | 0.18% |
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