HIGHBRIDGE CAPITAL MANAGEMENT LLC Q4 2025 Filing

Filed February 11, 2026

Portfolio Value

$3.1B

Holdings

297

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (297 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	AQLTISHARES TR	1,500,000	$369.2M	11.77%	Put
2	AQLTISHARES TR	4,000,000	$322.5M	10.28%	Put
3	GLDSPDR GOLD TR	500,000	$198.2M	6.32%	Put
4	F 0 03/15/26FORD MTR CO	115,000,000	$119.5M	3.81%
5	EAELECTRONIC ARTS INC	528,950	$108.1M	3.44%
6	ELMEELME COMMUNITIES	5,638,128	$98.1M	3.13%
7	BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD	50,000,000	$77.7M	2.47%
8	CYBRCYBERARK SOFTWARE LTD	165,341	$73.8M	2.35%
9	FOXFOX CORP	893,359	$58.0M	1.85%
10	FYBRFRONTIER COMMUNICATIONS PAR	1,477,836	$56.3M	1.79%
11	NGDNEW GOLD INC CDA	6,240,314	$54.4M	1.73%
12	BAC 0.6 05/25/27 MTNBOFA FIN LLC	48,735,000	$53.4M	1.70%
13	SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC	57,306,000	$51.7M	1.65%
14	HEIHEICO CORP NEW	193,537	$48.9M	1.56%
15	EXASEXACT SCIENCES CORP	480,733	$48.8M	1.56%
16	—AMAZON COM INC	200,000	$46.2M	1.47%	Call
17	HOLXHOLOGIC INC	611,860	$45.6M	1.45%
18	NIO 3.875 10/15/29NIO INC	47,000,000	$45.5M	1.45%
19	IRWD 1.5 06/15/26IRONWOOD PHARMACEUTICALS IN	46,942,000	$44.7M	1.43%
20	AVDLAVADEL PHARMACEUTICALS PLC	2,048,585	$44.1M	1.41%
21	DBX 0 03/01/28DROPBOX INC	43,553,000	$43.8M	1.40%
22	SPOT 0 03/15/26SPOTIFY USA INC	37,500,000	$42.7M	1.36%
23	RNAAVIDITY BIOSCIENCES INC	585,550	$42.2M	1.35%
24	EB 0.75 09/15/26EVENTBRITE INC	36,995,000	$36.3M	1.16%
25	LRN 1.125 09/01/27STRIDE INC	25,000,000	$34.1M	1.09%
26	MSTRSTRATEGY INC	25,892,000	$32.8M	1.05%
27	MARA 0 03/01/30MARA HOLDINGS INC	31,813,000	$31.5M	1.00%
28	MSTR 0.625 09/15/28STRATEGY INC	26,000,000	$30.4M	0.97%
29	WK 1.25 08/15/28WORKIVA INC	29,234,000	$29.0M	0.93%
30	SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC	32,500,000	$29.0M	0.92%
31	BSY 0.125 01/15/26BENTLEY SYS INC	28,559,000	$28.5M	0.91%
32	CABO 0 03/15/26CABLE ONE INC	28,668,000	$28.3M	0.90%
33	NVRIENVIRI CORP	1,495,645	$26.8M	0.85%
34	QTWO 0.75 06/01/26Q2 HLDGS INC	25,882,000	$26.2M	0.83%
35	CDTXCIDARA THERAPEUTICS INC	112,980	$25.0M	0.80%
36	NBRNABORS INDUSTRIES LTD	413,294	$22.4M	0.72%
37	BACQINFLECTION POINT ACQUISITIO	2,011,897	$21.6M	0.69%
38	CGCTCARTESIAN GROWTH CORP III	2,000,000	$20.6M	0.66%
39	FWONALIBERTY MEDIA CORP DEL	227,221	$20.3M	0.65%
40	KVUEKENVUE INC	1,174,353	$20.3M	0.65%
41	GIGGIGCAPITAL7 CORP	1,878,437	$19.8M	0.63%
42	GES 3.75 04/15/28GUESS INC	19,450,000	$19.3M	0.62%
43	NWSANEWS CORP NEW	727,579	$19.0M	0.61%
44	NIONIO INC	3,526,600	$18.0M	0.57%	Put
45	BHFBRIGHTHOUSE FINL INC	275,390	$17.8M	0.57%
46	LLYVALIBERTY LIVE HOLDINGS INC	210,332	$17.1M	0.55%
47	BATRAATLANTA BRAVES HLDGS INC	426,160	$16.8M	0.54%
48	0J7QIAC INC	417,452	$16.3M	0.52%
49	GRAFGRAF GLOBAL CORP	1,500,000	$16.1M	0.51%
50	—HENNESSY CAP INVT CORP VII	1,500,000	$15.5M	0.49%
51	KMBKIMBERLY-CLARK CORP	152,400	$15.4M	0.49%	Call
52	CEPFCANTOR EQUITY PARTNERS II I	1,321,945	$14.9M	0.47%
53	VCICVINE HILL CAP INVT CORP.	1,373,824	$14.8M	0.47%
54	MBVIM3-BRIGADE ACQUISITION VI C	1,470,000	$14.7M	0.47%
55	CENTACENTRAL GARDEN & PET CO	460,169	$13.4M	0.43%
56	GLIBKGCI LIBERTY INC	341,070	$12.7M	0.40%
57	IWMISHARES TR	51,440	$12.7M	0.40%
58	CRANUCRANE HBR ACQUISITION CORP	1,200,000	$12.1M	0.38%
59	BOX 0 01/15/26BOX INC	9,808,000	$11.5M	0.37%
60	PTON 0 02/15/26PELOTON INTERACTIVE INC	11,314,000	$11.1M	0.35%
61	HCMAHCM III ACQUISITION CORP	1,000,000	$10.1M	0.32%
62	STHOSTAR HLDGS	1,194,275	$9.8M	0.31%
63	WOLF 2.5 06/15/31WOLFSPEED INC	5,990,000	$9.2M	0.29%
64	APADA PARADISE ACQUISITION CORP	884,351	$8.9M	0.28%
65	CHACRCRANE HBR ACQUISITION CORP	800,000	$8.6M	0.27%
66	SRPTSAREPTA THERAPEUTICS INC	400,000	$8.6M	0.27%
67	EMPDEMPERY DIGITAL INC	1,839,151	$8.4M	0.27%
68	METC 0 11/01/31RAMACO RES INC	9,000,000	$7.7M	0.24%
69	CEPFCANTOR EQUITY PARTNERS III	710,419	$7.2M	0.23%
70	ZTSZOETIS INC	55,667	$7.0M	0.22%
71	NOTV 3.25 10/15/27INOTIV INC	28,250,000	$6.8M	0.22%
72	VCICVINE HILL CAP INVTS CORP II	650,000	$6.5M	0.21%
73	BILL 0 04/01/27BILL HOLDINGS INC	7,103,000	$6.2M	0.20%
74	CEPFCANTOR EQUITY PARTNERS V IN	600,000	$6.2M	0.20%
75	FGMCFG MERGER II CORP	559,889	$5.6M	0.18%
76	JAMFJAMF HLDG CORP	422,704	$5.5M	0.18%
77	TACOBERTO ACQUISITION CORP	500,000	$5.1M	0.16%
78	CCCXCHURCHILL CAP CORP X	323,800	$5.1M	0.16%
79	LEGTLEGATO MERGER CORP III	444,487	$4.8M	0.15%
80	NSCNORFOLK SOUTHN CORP	16,560	$4.8M	0.15%
81	GPRE 5.25 11/01/30 144AGREEN PLAINS INC	4,504,000	$4.7M	0.15%
82	TWLVTWELVE SEAS INVT CO III	466,100	$4.6M	0.15%
83	SBETSHARPLINK GAMING INC	512,764	$4.6M	0.15%
84	LPCVLAUNCHPAD CADENZA ACQUISITI	458,162	$4.6M	0.15%
85	CHKPCHECK POINT SOFTWARE TECH L	22,976	$4.3M	0.14%
86	GPRE 5.25 11/01/30 UNRSGREEN PLAINS INC	4,048,000	$4.2M	0.13%
87	WLACWILLOW LANE ACQUISITION COR	321,813	$4.1M	0.13%
88	CFLTCONFLUENT INC	125,000	$3.8M	0.12%
89	JBSJBS N.V.	250,000	$3.6M	0.11%	Call
90	HTZWWHERTZ GLOBAL HLDGS INC	1,333,071	$3.6M	0.11%
91	HCACHALL CHADWICK ACQUISITION C	350,000	$3.5M	0.11%
92	ITHAITHAX ACQUISITION CORP III	350,000	$3.5M	0.11%
93	SCIISC II ACQUISITION CORP	327,678	$3.3M	0.11%
94	BTDRBITDEER TECHNOLOGIES GROUP	283,500	$3.2M	0.10%
95	—BAIN CAP GSS INVT CORP	300,000	$3.0M	0.10%
96	BDCIBTC DEV CORP	300,000	$3.0M	0.10%
97	DRDBROMAN DBDR ACQUISITION CORP	250,000	$2.6M	0.08%
98	GENVRGEN DIGITAL INC	582,785	$2.6M	0.08%
99	BPACBLUEPORT ACQUISITION LTD	250,000	$2.5M	0.08%
100	BEBETGE VALUE CREATIVE SOLUTION	250,000	$2.5M	0.08%

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