Radcliffe Capital Management, L.P.
CIK: 0001218275Latest portfolio: $1.8B · Q4 2025
Holdings
309
Total Value
$1.8B
New Positions
45
Closed Positions
14
Top Holdings
View All 309 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | ENPH 0 03/01/26Enphase Energy Inc | 149,750,000 | $148.1M | 8.06% | +7.0M | |
| 2 | VAC 0 01/15/26Marriott Vacations Worldwide Corp | 113,786,000 | $113.4M | 6.17% | +56.3M | |
| 3 | TDOC 1.25 06/01/27Teladoc Health Inc | 115,750,000 | $110.0M | 5.99% | — | |
| 4 | RNG 0 03/15/26RingCentral Inc | 81,222,000 | $80.2M | 4.37% | +13.2M | |
| 5 | CALY 2.75 05/01/26Callaway Golf Company | 77,410,000 | $76.9M | 4.19% | NEW | |
| 6 | MGNI 0.25 03/15/26Magnite Inc. | 76,767,000 | $75.8M | 4.12% | +2.0M | |
| 7 | CABO 0 03/15/26Cable One Inc | 75,188,000 | $74.1M | 4.03% | +40.9M | |
| 8 | ALRM 0 01/15/26Alarm.com Holdings Inc | 57,420,000 | $57.3M | 3.12% | +35.2M | |
| 9 | BSY 0.125 01/15/26Bentley Systems Inc | 48,716,000 | $48.6M | 2.65% | NEW | |
| 10 | BAND 0.5 04/01/28Bandwidth Inc | 55,900,000 | $48.5M | 2.64% | +6.0M | |
| 11 | ENPH 0 03/01/28Enphase Energy Inc | 49,639,000 | $43.2M | 2.35% | +7.0M | |
| 12 | ETSY 0.25 06/15/28Etsy Inc | 38,000,000 | $33.9M | 1.85% | — | |
| 13 | MTN 0 01/01/26Vail Resorts Inc | 33,692,000 | $33.7M | 1.83% | +23.7M | |
| 14 | DXCM 0.375 05/15/28DexCom Inc. | 26,000,000 | $23.9M | 1.30% | +21.0M | |
| 15 | GLAD 5.875 10/01/30Gladstone Capital Corp | 21,400,000 | $20.9M | 1.14% | +3.4M | |
| 16 | FIVN 1 03/15/29Five9 Inc | 21,500,000 | $19.3M | 1.05% | +14.0M | |
| 17 | U 0 11/15/26Unity Software Inc | 17,181,000 | $16.6M | 0.90% | -1,280,000 | |
| 18 | ARRY 1 12/01/28Array Technologies Inc | 18,000,000 | $16.3M | 0.89% | +2.5M | |
| 19 | FUBO 3.25 02/15/26FuboTV Inc | 11,737,000 | $11.7M | 0.64% | — | |
| 20 | BL 0 03/15/26BlackLine Inc | 10,692,000 | $10.6M | 0.58% | — | |
| 21 | FTWEQV Ventures Acquisition Corp II | 910,862 | $9.1M | 0.50% | +51K | |
| 22 | VAC 3.25 12/15/27Marriott Vacations Worldwide Corp | 9,000,000 | $8.6M | 0.47% | NEW | |
| 23 | ABNB 0 03/15/26Airbnb Inc | 7,964,000 | $7.9M | 0.43% | +184K | |
| 24 | MESHMeshflow Acquisition Corp | 749,400 | $7.5M | 0.41% | NEW | |
| 25 | SNOW 0 10/01/27Snowflake Inc | 5,000,000 | $7.4M | 0.40% | — |
Quarterly Changes
New Positions
Closed Positions
- DXCM 0.25 11/15/25CLOSED$118.1B
- NMFC 7.5 10/15/25CLOSED$114.0B
- FVRR 0 11/01/25CLOSED$103.2B
- UPWK 0.25 08/15/26CLOSED$10.8B
- MBVICLOSED$5.8B
- DMIICLOSED$5.7B
- MSTRCLOSED$5.6B
- OTGACLOSED$5.5B
- NVCR 0 11/01/25CLOSED$5.4B
- HVMCCLOSED$5.4B
Increased Positions
| Name | Shares | Change |
|---|---|---|
| CABO 0 03/15/26 | 75.2M | +40.9M |
| ALRM 0 01/15/26 | 57.4M | +35.2M |
| MTN 0 01/01/26 | 33.7M | +23.7M |
| RNG 0 03/15/26 | 81.2M | +13.2M |
| ENPH 0 03/01/26 | 149.8M | +7.0M |
| ENPH 0 03/01/28 | 49.6M | +7.0M |
| BAND 0.5 04/01/28 | 55.9M | +6.0M |
| GLAD 5.875 10/01/30 | 21.4M | +3.4M |
| ARRY 1 12/01/28 | 18.0M | +2.5M |
| MGNI 0.25 03/15/26 | 76.8M | +2.0M |
Sector Breakdown
Financial ServicesNaN% ($InfinityT)
Unknown0.0% ($1.4807211336410997e+235T)
Technology0.0% ($7.025600355115479e+54T)
Healthcare0.0% ($14.1B)
Consumer Cyclical0.0% ($2.2M)
Real Estate0.0% ($1.4M)
Communication Services0.0% ($1.4M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $1.8B | 309 |
| Q3 2025 | Nov 14, 2025 | $1.6T | 237 |
| Q2 2025 | Aug 14, 2025 | $1.3T | 145 |
| Q1 2025 | May 15, 2025 | $970.9B | 42 |
| Q4 2024 | Feb 14, 2025 | $875.9B | 49 |
| Q3 2024 | Nov 14, 2024 | $589.1T | 39 |
| Q2 2024 | Aug 14, 2024 | $514.3T | 45 |
| Q1 2024 | May 15, 2024 | $526.8T | 81 |
| Q4 2023 | Feb 14, 2024 | $746.6T | 198 |
| Q3 2023 | Nov 14, 2023 | $803.8T | 476 |
| Q2 2023 | Aug 14, 2023 | $1174.7T | 587 |
| Q1 2023 | May 15, 2023 | $1599.5T | 690 |
| Q4 2022 | Feb 14, 2023 | $3141.4T | 880 |
| Q3 2022 | Nov 14, 2022 | $4.1T | 1,190 |
| Q2 2022 | Aug 15, 2022 | $4.4T | 1,242 |
| Q1 2022 | May 16, 2022 | $4.4T | 1,224 |
| Q4 2021 | Feb 14, 2022 | $3.8T | 1,056 |
| Q3 2021 | Nov 15, 2021 | $3.4T | 903 |
| Q2 2021 | Aug 16, 2021 | $3.2T | 917 |
| Q1 2021 | May 17, 2021 | $2.5T | 687 |
| Q4 2020 | Feb 16, 2021 | $1.6T | 345 |
| Q3 2020 | Nov 16, 2020 | $1.1T | 208 |
| Q2 2020 | Aug 14, 2020 | $729.1B | 150 |
| Q1 2020 | May 15, 2020 | $532.2B | 117 |
| Q4 2019 | Feb 14, 2020 | $450.8B | 30 |
| Q3 2019 | Nov 14, 2019 | $513.1B | 38 |
| Q2 2019 | Aug 14, 2019 | $567.6B | 39 |
| Q1 2019 | May 15, 2019 | $611.8B | 29 |
| Q4 2018 | Feb 14, 2019 | $587.1B | 22 |
| Q3 2018 | Nov 14, 2018 | $517.4B | 20 |
| Q2 2018 | Aug 14, 2018 | $491.8B | 20 |
| Q1 2018 | May 15, 2018 | $663.8B | 24 |
| Q4 2017 | Feb 14, 2018 | $675.4B | 25 |
| Q3 2017 | Nov 14, 2017 | $697.0B | 26 |
| Q2 2017 | Aug 14, 2017 | $670.6B | 29 |
| Q1 2017 | May 15, 2017 | $490.3B | 26 |
| Q4 2016 | Feb 14, 2017 | $458.0B | 27 |
| Q3 2016 | Nov 14, 2016 | $412.7B | 27 |
| Q2 2016 | Aug 15, 2016 | $411.1B | 30 |
| Q1 2016 | May 16, 2016 | $544.7B | 32 |
Fund Information
Radcliffe Capital Management, L.P. 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 $1.8B across 309 holdings. The largest position is Enphase Energy Inc (ENPH 0 03/01/26), representing 8.1% of the portfolio. Compared to the previous quarter, the fund opened 110 new positions and closed 38 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.