Magnetar Financial LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$10.2B

Holdings

896

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (896 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	CRWVCOREWEAVE INC	68,191,394	$4.9B	47.84%
2	GTLSCHART INDS INC	501,505	$103.4M	1.01%
3	ALAIR LEASE CORP	1,586,800	$101.9M	1.00%
4	TXNMTXNM ENERGY INC	1,698,961	$100.0M	0.98%
5	NSCNORFOLK SOUTHN CORP	343,984	$99.3M	0.97%
6	CMACOMERICA INC	1,139,969	$99.1M	0.97%
7	1RGREV GROUP INC	1,608,032	$97.8M	0.96%
8	WBDWARNER BROS DISCOVERY INC	3,183,153	$91.7M	0.90%
9	KVUEKENVUE INC	5,263,903	$90.8M	0.89%
10	TECK/BTECK RESOURCES LTD	1,881,954	$90.1M	0.88%
11	FYBRFRONTIER COMMUNICATIONS PARE	2,343,223	$89.2M	0.87%
12	CYBRCYBERARK SOFTWARE LTD	199,487	$89.0M	0.87%
13	TGNATEGNA INC	4,355,886	$84.5M	0.83%
14	PRAPROASSURANCE CORP	3,484,563	$84.2M	0.82%
15	RNAAVIDITY BIOSCIENCES INC	1,158,603	$83.6M	0.82%
16	CFLTCONFLUENT INC	2,630,482	$79.5M	0.78%
17	TCOM 0.75 06/15/29TRIP COM GROUP LTD	62,425,000	$76.8M	0.75%
18	EXASEXACT SCIENCES CORP	708,272	$71.9M	0.70%
19	BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD	43,236,000	$67.2M	0.66%
20	CSGSCSG SYS INTL INC	804,349	$61.7M	0.60%
21	JD 0.25 06/01/29JD.COM INC	58,749,000	$58.7M	0.58%
22	STAASTAAR SURGICAL CO	2,472,390	$57.1M	0.56%
23	AM6AMICUS THERAPEUTICS INC	3,967,915	$56.5M	0.55%
24	HOUSANYWHERE REAL ESTATE INC	3,956,298	$56.0M	0.55%
25	FOUR 6 05/01/28SHIFT4 PMTS INC	685,000	$54.8M	0.54%
26	DAYDAYFORCE INC	781,152	$54.0M	0.53%
27	CDTXCIDARA THERAPEUTICS INC	232,537	$51.4M	0.50%
28	VECOVEECO INSTRS INC DEL	1,691,446	$48.3M	0.47%
29	WTRGESSENTIAL UTILS INC	1,199,090	$46.0M	0.45%
30	QRVOQORVO INC	542,786	$45.9M	0.45%
31	ARES 6.75 10/01/27 BARES MANAGEMENT CORPORATION	907,250	$45.8M	0.45%
32	AHLASPEN INSURANCE HOLDINGS LTD ORD S	1,218,999	$45.2M	0.44%
33	CATBUSDASTRIA THERAPEUTICS INC	3,431,007	$44.9M	0.44%
34	NGDNEW GOLD INC CDA	5,064,109	$44.1M	0.43%
35	CMS 3.375 05/01/28CMS ENERGY CORP	39,700,000	$42.6M	0.42%
36	MARA 0 03/01/30MARA HOLDINGS INC	51,000,000	$40.2M	0.39%
37	CTLPCANTALOUPE INC	3,654,521	$38.8M	0.38%
38	PCG 4.25 12/01/27PG&E CORP	37,521,000	$38.6M	0.38%
39	LBRDKLIBERTY BROADBAND CORP	737,805	$35.9M	0.35%
40	FTWEQV VENTURES ACQUISITION COR CL A	3,370,168	$35.4M	0.35%
41	DBRGDIGITALBRIDGE GROUP INC	2,203,909	$33.8M	0.33%
42	HPE 7.625 09/01/27HEWLETT PACKARD ENTERPRISE C 7.625	500,000	$33.2M	0.33%
43	WWAYFAIR INC	14,442,000	$33.1M	0.32%
44	SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC	36,500,000	$32.6M	0.32%
45	ABNB 0 03/15/26AIRBNB INC	31,030,000	$30.8M	0.30%
46	IMXIINTERNATIONAL MNY EXPRESS IN	1,916,571	$29.4M	0.29%
47	CCXIUCHURCHILL CAP CORP XI	2,700,000	$27.6M	0.27%
48	RPTRITHM PPTY TR INC	1,639,033	$27.2M	0.27%
49	DMIIDRUGS MADE IN AMER ACQ II CO USD O	2,700,000	$26.7M	0.26%
50	AQLTISHARES TR	235,000	$25.5M	0.25%	Put
51	FTWEQV VENTURES AC CORP. II	2,499,993	$25.1M	0.25%
52	AXTAAXALTA COATING SYS LTD	738,401	$23.9M	0.23%
53	VACHVOYAGER ACQUISITION CORP	2,156,220	$23.0M	0.23%
54	TACHTITAN ACQUISITION CORP	2,200,000	$22.6M	0.22%
55	MOFGMIDWESTONE FINL GROUP INC NE	563,016	$21.7M	0.21%
56	LPBBLAUNCH TWO ACQUISITION CORP. ORD S	1,980,000	$20.8M	0.20%
57	SIMASIM ACQUISITION CORP. I	1,945,196	$20.6M	0.20%
58	LPAALAUNCH ONE ACQUISITION CORP	1,945,196	$20.6M	0.20%
59	RACRITHM ACQUISITION CORP	1,980,000	$20.6M	0.20%
60	CUBLIONHEART HOLDINGS	1,910,254	$20.4M	0.20%
61	ALDFALDEL FINL II INC	1,899,098	$20.0M	0.20%
62	ALFCENTURION ACQUISITION CORP	1,856,250	$19.8M	0.19%
63	MLACMOUNTAIN LAKE ACQUISITION CO SHS C	1,900,000	$19.8M	0.19%
64	CCIXCHURCHILL CAPITAL CORP IX	1,843,554	$19.6M	0.19%
65	KCHVKOCHAV DEFENSE ACQUI CO	1,900,000	$19.3M	0.19%
66	APO 6.75 07/31/26APOLLO GLOBAL MGMT INC	250,000	$18.9M	0.18%
67	VNMEVENDOME ACQUISITION CORP I	1,850,000	$18.6M	0.18%
68	75ZSOHO HOUSE & CO INC	2,078,038	$18.6M	0.18%
69	RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC	16,457,000	$18.4M	0.18%
70	NEE 7.299 06/01/27NEXTERA ENERGY INC	350,000	$18.1M	0.18%
71	LOBLIVE OAK ACQUISITION CORP V	1,750,000	$18.0M	0.18%
72	VCICVINE HILL CAP INVT CORP.	1,669,999	$18.0M	0.18%
73	SDHISIDDHI ACQUISITION CORP	1,750,000	$18.0M	0.18%
74	NPACNEW PROVIDENCE ACQUISITION C USD C	1,749,990	$18.0M	0.18%
75	SZZLSIZZLE ACQUISITION CORP. II	1,750,000	$17.8M	0.17%
76	SOULSOULPOWER ACQUISITION CORP	1,750,000	$17.8M	0.17%
77	GRAFGRAF GLOBAL CORP	1,613,354	$17.4M	0.17%
78	AMWDAMERICAN WOODMARK CORPORATIO	312,728	$16.9M	0.17%
79	TACOBERTO ACQUISITION CORP	1,650,000	$16.7M	0.16%
80	WHLR 7 12/31/31WHEELER REAL ESTATE INVT TR	190,823	$16.7M	0.16%
81	BLUWBLUE WTR ACQUISITION CORP. I ORD S	1,500,000	$15.5M	0.15%
82	PMTRPERIMETER ACQUISITION CORP I COM C	1,500,000	$15.4M	0.15%
83	FERAFIFTH ERA ACQUISITION CORP I ORD S	1,500,000	$15.4M	0.15%
84	—NEWBURY STR II ACQUISITION C ORD S	1,450,000	$15.2M	0.15%
85	IRHOUIRON HORSE ACQUISIT CORP II	1,500,000	$14.9M	0.15%
86	TVATEXAS VENTURES ACQUISITION I USD C	1,400,000	$14.9M	0.15%
87	—CROWN RESV ACQUISITION CORP	1,485,000	$14.8M	0.14%
88	POLEANDRETTI ACQUISITION CORP II ORD S	1,400,000	$14.8M	0.14%
89	ALB 7.25 03/01/27ALBEMARLE CORP	250,000	$14.7M	0.14%
90	—RANGE CAP ACQUISITION CORP I UNIT	1,400,000	$14.3M	0.14%
91	TDACWTRANSLATIONAL DEV ACQUISITIO COM C	1,300,000	$13.6M	0.13%
92	SVCCUSTELLAR V CAP CORP	1,300,000	$13.5M	0.13%
93	ATIIARCHIMEDES TECH SPAC PARTNER ORD S	1,300,000	$13.5M	0.13%
94	OYSEOYSTER ENTERPRISES II ACQUIS ORD S	1,300,000	$13.1M	0.13%
95	WLACWILLOW LANE ACQUISITION CORP	1,034,591	$13.1M	0.13%
96	NOG 3.625 04/15/29NORTHERN OIL & GAS INC	13,503,000	$13.0M	0.13%
97	NHICNEWHOLD INVT CORP III	1,250,000	$12.9M	0.13%
98	KFIIK&F GROWTH ACQUISITION CORP	1,250,000	$12.9M	0.13%
99	GSRFGSR IV ACQUISITION CORP	1,250,000	$12.9M	0.13%
100	NWENORTHWESTERN ENERGY GROUP IN	197,657	$12.8M	0.12%

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