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Livermore
Livermore
ZHEN

Aristeia Capital LLC

SEC CIK
0001080171
Latest filing
Aug 14, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
604
+73 vs. Q3 2025
Portfolio value
$3.52B
+$258.2M (+7.9%) vs. Q3 2025
Filed
Feb 17, 2026
SEC
Holdings of Aristeia Capital LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
HEI.AHeico CorpCL A889,228$224.5M6.4%+276,425+45.1%AddedHistory
Strategy Inc594972AS0NOTE 12/0–$224.0M6.4%–New–
PPLIPeople IncCOM NEW5,702,459$223.0M6.3%+2,861,871+100.7%AddedHistory
Carnival Corp Ltd.14365C103ADR4,130,919$125.3M3.6%−2,735,161−39.8%Reduced–
Guardant Health, Inc.40131MAB5NOTE 11/1–$122.9M3.5%–––
Cloudflare, Inc.18915MAC1NOTE 8/1–$122.0M3.5%–––
CIVICivitas Resources, Inc.EQUITY US CM4,081,641$110.6M3.1%−2,030,727−33.2%ReducedHistory
Super Micro Computer, Inc.86800UAB0NOTE 3.500% 3/0–$107.9M3.1%–––
Snowflake Inc.833445AB5NOTE 10/0–$106.2M3.0%–––
LBRDKLiberty Broadband CorpCOM SER C1,893,185$92.0M2.6%−1,600,000−45.8%ReducedHistory
BATRKAtlanta Braves Holdings, Inc.COM SER C2,053,678$81.0M2.3%00.0%UnchangedHistory
Duke Energy CORP26441CBY0NOTE 4.125% 4/1–$80.2M2.3%–––
Spotify USA Inc84921RAB6NOTE 3/1–$70.7M2.0%–––
LBRDALiberty Broadband CorpCOM SER A1,259,939$60.8M1.7%00.0%UnchangedHistory
Evergy, Inc.30034WAD8NOTE 4.500%12/1–$58.5M1.7%–––
Affirm Hldgs Inc00827BAD8NOTE 0.750%12/1–$58.3M1.7%–New–
Block, Inc.852234AJ2NOTE 5/0–$46.9M1.3%–––
FOXFox CorpCL B COM705,456$45.8M1.3%+705,456NewHistory
Airbnb, Inc.009066AB7NOTE 3/1–$43.4M1.2%–––
CORZWCore Scientific, Inc.*W EXP 01/23/2025,116,121$43.2M1.2%−184,944−3.5%ReducedHistory
Wec Energy Group, Inc.92939UAP1NOTE 4.375% 6/0–$28.3M0.8%–––
RingCentral, Inc.76680RAH0NOTE 3/1–$27.7M0.8%–––
WWWW International, Inc.COM NEW920,091$26.9M0.8%+20,091+2.2%AddedHistory
Ford MTR Co Del345370CZ1NOTE 3/1–$25.5M0.7%–New–
SoFi Technologies, Inc.83406FAA0BOND–$22.0M0.6%–New–
Confluent, Inc.20717MAB9NOTE 1/1–$21.3M0.6%–––
NWSANews CorpCL A801,012$20.9M0.6%+663,165+481.1%AddedHistory
AA Mission Acquisition Corp.G1000R101ORD SHS CL A1,818,429$19.4M0.6%00.0%Unchanged–
BridgeBio Pharma, Inc.10806XAB8NOTE 2.500% 3/1–$18.9M0.5%–––
Affirm Hldgs Inc00827BAB2NOTE 11/1–$18.5M0.5%–––
TDSTelephone & Data Systems IncCOM NEW450,000$18.4M0.5%00.0%UnchangedHistory
BCARD. Boral ARC Acquisition I Corp.SHS CL A1,800,000$18.1M0.5%00.0%UnchangedHistory
SDHISiddhi Acquisition Corp (Cayman Islands)CL A SHS1,650,000$17.0M0.5%00.0%UnchangedHistory
Agriculture & Nat Sol Acq CoG0131Y100SHS CL A1,500,623$16.8M0.5%00.0%Unchanged–
Sphere Entertainment Co.55826TAB8NOTE 3.500%12/0–$16.5M0.5%–––
Advanced Energy Inds007973AE0NOTE 2.500% 9/1–$16.4M0.5%–New–
VCICOdysseus (Cayman) LtdORD SHS CL A1,514,440$16.3M0.5%−250,000−14.2%ReducedHistory
Ionis Pharmaceuticals Inc462222AF7NOTE 1.750% 6/1–$15.9M0.5%–New–
BIXIBitcoin Infrastructure Acquisition Corp LtdUSD CL A ORD SHS1,551,000$15.3M0.4%+1,551,000NewHistory
TransMedics Group, Inc.89377MAB5NOTE 1.500% 6/0–$15.0M0.4%–––
Teamshares IncG5509P102CL A SHS1,425,000$14.7M0.4%00.0%Unchanged–
FYBRFrontier Communications Parent, Inc.COM373,385$14.2M0.4%−886,801−70.4%ReducedHistory
KCHVKochav Defense Acquisition Corp.SHS CL A1,325,000$13.4M0.4%00.0%UnchangedHistory
Churchill Capital Corp IX/CaymanG21301109CL A SHS1,261,602$13.4M0.4%00.0%Unchanged–
DRDBRoman DBDR Acquisition Corp. IICOM1,234,023$12.9M0.4%00.0%UnchangedHistory
Guardant Health, Inc.40131MAD1DEBT 1.250% 2/1–$12.8M0.4%–New–
Upwork, Inc91688FAB0NOTE 0.250% 8/1–$12.8M0.4%–––
ITHAUITHAX Acquisition Corp IIIUNIT 11/17/20301,250,000$12.5M0.4%+1,250,000NewHistory
NPACNew Providence Acquisition Corp. III/CaymanCOM1,200,000$12.3M0.4%00.0%UnchangedHistory
OTGAOTG Acquisition Corp. IORD CL A1,225,000$12.3M0.3%+1,225,000NewHistory
Fluence Energy, Inc.34379VAB9NOTE 2.250% 6/1–$12.1M0.3%–New–
Voyager Acquisition CorpG93A7H104CL A1,078,263$11.5M0.3%00.0%Unchanged–
MESHUMeshflow Acquisition CorpUNIT 11/19/20301,150,000$11.5M0.3%+1,150,000NewHistory
TVAIThayer Ventures Acquisition Corp IICL A1,125,000$11.4M0.3%00.0%UnchangedHistory
CCAQCollective Acquisition Corp.COM1,100,000$11.2M0.3%00.0%UnchangedHistory
Granite Constr Inc387328AF4NOTE 3.250% 6/1–$11.2M0.3%–New–
COPLCopley Acquisition CorpORD SHS CL A1,085,430$11.1M0.3%00.0%UnchangedHistory
DMIIDrugs Made In America Acquisition II Corp.USD ORD SHS1,100,000$10.9M0.3%+1,100,000NewHistory
Wayfair Inc.94419LAR2NOTE 3.500%11/1–$10.9M0.3%–––
SZZLSizzle Acquisition Corp. IIUSD CL A ORD SHS1,050,000$10.7M0.3%00.0%UnchangedHistory
HDRNHadron Energy, Inc.ORD SHS CL A1,005,240$10.6M0.3%−710,191−41.4%ReducedHistory
Osi Systems Inc671044AF2NOTE 2.250% 8/0–$10.4M0.3%–New–
Cleanspark, Inc.18452BAC4NOTE 6/1–$10.4M0.3%–New–
Real Asset Acquisition Corp.G73944103SHS CL A1,000,000$10.2M0.3%00.0%Unchanged–
TGE Value Creative Solutions CorpG8773E126UNIT 99/99/99991,021,200$10.2M0.3%+1,021,200New–
ADACUAmerican Drive Acquisition CoUNIT 12/04/20301,016,800$10.1M0.3%+1,016,800NewHistory
BCSSBain Capital GSS Investment Corp.ORD CL A1,000,000$10.1M0.3%+1,000,000NewHistory
LPCVULaunchpad Cadenza Acquisition Corp IUNIT 12/15/20301,000,800$9.99M0.3%+1,000,800NewHistory
TONXTON Strategy CoCOM4,849,363$9.65M0.3%+2,425,887+100.1%AddedHistory
VNMEVendome Acquisition Corp ICOM CL A925,000$9.28M0.3%00.0%UnchangedHistory
DMAADrugs Made In America Acquisition Corp.ORD SHS881,716$9.15M0.3%00.0%UnchangedHistory
Teladoc Health, Inc.87918AAF2NOTE 1.250% 6/0–$9.07M0.3%–––
SVAQUSilicon Valley Acquisition Corp.UNIT 12/08/2030900,000$8.95M0.3%+900,000NewHistory
GSRFGSR IV Acquisition Corp.CL A SHS875,000$8.74M0.2%+875,000NewHistory
PAIIPyrophyte Acquisition Corp. IICL A SHS850,000$8.55M0.2%00.0%UnchangedHistory
SOULSoulpower Acquisition Corp.USD CL A ORD SHS829,341$8.42M0.2%00.0%UnchangedHistory
GIWGigCapital8 Corp.COM850,000$8.41M0.2%+850,000NewHistory
GTENGores Holdings X, Inc.SHS CL A800,000$8.20M0.2%00.0%UnchangedHistory
SilverBox Corp VG8148S123UNIT 99/99/9999800,000$8.06M0.2%+800,000New–
Mirum Pharmaceuticals, Inc.604749AB7NOTE 4.000% 5/0–$7.75M0.2%–––
Factorial Energy Inc.G19307100COM CL A750,000$7.72M0.2%00.0%Unchanged–
IPCXInflection Point Acquisition Corp. IIICOM750,000$7.61M0.2%00.0%UnchangedHistory
Herbalife Ltd.42703MAF0NOTE 4.250% 6/1–$7.59M0.2%–––
Upstart Hldgs Inc91680MAD9NOTE 2.000%10/0–$7.59M0.2%–New–
VGVenture Global, Inc.COM CL A1,098,714$7.49M0.2%+463,743+73.0%AddedHistory
GPORGulfport Energy CorpCOMMON SHARES35,275$7.34M0.2%−17,465−33.1%ReducedHistory
RRCRange Resources CorpCOM204,226$7.20M0.2%−78,562−27.8%ReducedHistory
Innoviva, Inc.45781MAD3NOTE 2.125% 3/1–$7.15M0.2%–––
GPACUGeneral Purpose Acquisition Corp.UNIT 12/03/2030701,357$7.02M0.2%+701,357NewHistory
DAAQDigital Asset Acquisition Corp.SHS CL A685,540$6.97M0.2%00.0%UnchangedHistory
PLMKPlum Acquisition Corp. IVSHS CL A651,175$6.81M0.2%00.0%UnchangedHistory
DDOGDatadog, Inc.CL A COM49,851$6.78M0.2%−9,102−15.4%ReducedHistory
VLOValero Energy CorpStock41,445$6.75M0.2%+41,445NewHistory
EQTEQT CorpStock125,601$6.73M0.2%−62,111−33.1%ReducedHistory
EXEExpand Energy CorpCOM60,915$6.72M0.2%−38,654−38.8%ReducedHistory
SMSM Energy CoCOM354,788$6.63M0.2%+342,566+2,802.9%AddedHistory
ARAntero Resources CorpCOM190,989$6.58M0.2%−101,413−34.7%ReducedHistory
Collegium Pharmaceutical, Inc19459JAC8NOTE 2.875% 2/1–$6.36M0.2%–New–
TONTGraf Global Corp.ORD SHS CL A588,958$6.33M0.2%00.0%UnchangedHistory
CNXCNX Resources CorpCOM166,119$6.11M0.2%−153,528−48.0%ReducedHistory

Options (3)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Aristeia Capital LLC in Q4 2025
SecurityClassPutsCalls
Invesco QQQ Trust Series I46090E103ETF$623.5M–
SPYSPDR S&P 500 ETF TrustETF$409.1M–
SPDR Series Trust78468R556SP O&G EXPL PRO$63.2M–

Sold out since Q3 2025 (149)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 149 by value last quarter.

Positions of Aristeia Capital LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
Shopify Inc.82509LAA5NOTE 0.125%11/0–$52.7M1.6%–
RGTIWRigetti Computing, Inc.*W EXP 99/99/9991,606,989$29.5M0.9%History
Bloom Energy Corp093712AM9NOTE 3.000% 6/0–$24.8M0.8%–
Digitalocean Hldgs Inc25402DAB8NOTE 12/0–$14.5M0.4%–
Beyond Meat, Inc.08862EAB5NOTE 3/1–$13.6M0.4%–
OTGAUOTG Acquisition Corp. IUNIT 09/05/20301,225,000$12.3M0.4%History
HSDTSolana CoCOM CL A NEW1,089,957$12.2M0.4%History
DMIIUDrugs Made In America Acquisition II Corp.UNIT 09/16/20301,100,000$10.9M0.3%History
FWDIForward Industries, Inc.COM NEW540,541$10.4M0.3%History
Bain Capital GSS Investment Corp.G0R78B122COM1,000,000$10.1M0.3%–
Western Digital Corp958102AT2NOTE 3.000%11/1–$9.63M0.3%–
Peabody Engr Corp704551AD2NOTE 3.250% 3/0–$9.01M0.3%–
GSRFUGSR IV Acquisition Corp.UNIT 08/22/2030875,000$8.87M0.3%History
Chefs Whse Inc163086AE1NOTE 2.375%12/1–$8.69M0.3%–
VLOSVelos Acquisition I Corp.CL A803,405$8.48M0.3%History
ZOOZZOOZ Strategy Ltd.SHARE5,000,000$8.03M0.2%History
Liberty Media Corp531229AQ5NOTE 2.250% 8/1–$7.64M0.2%–
APLDApplied Digital Corp.COM NEW320,169$7.34M0.2%History
GWREGuidewire Software, Inc.COM30,935$7.11M0.2%History
World Kinect Corp98149GAB6NOTE 3.250% 7/0–$6.34M0.2%–
KDKKodiak AI, Inc.COM914,678$6.26M0.2%History
LITELumentum Holdings Inc.COM38,300$6.23M0.2%History
USA Rare Earth, Inc.91733P115*W EXP 08/31/202814,435$5.84M0.2%–
Callaway Golf Co131193AE4NOTE 2.750% 5/0–$5.68M0.2%–
Emmis Acquisition Corp.G3037D121UNIT 09/12/2030560,246$5.59M0.2%–
Vail Resorts Inc91879QAN9NOTE 1/0–$4.75M0.1%–
CVLTCommvault Systems IncCOM24,400$4.61M0.1%History
NTNXNutanix, Inc.Stock58,400$4.34M0.1%History
BDCIUBTC Development Corp.UNIT 09/11/2030400,000$4.04M0.1%History
Spring Vy Acquisition Corp IG8377R127UNIT 09/04/2030350,000$3.60M0.1%–
MBVIUM3-Brigade Acquisition VI Corp.UNIT 08/18/2030350,000$3.54M0.1%History
CHECUChenghe Acquisition III Co.UNIT 09/09/2030353,228$3.53M0.1%History
BRRSilvia, Inc.SHS CL A312,621$3.16M0.1%History
KOYNUCSLM Digital Asset Acquisition Corp III, LtdUNIT 08/12/2030305,386$3.08M0.1%History
Green Plains Inc.393222AK0NOTE 2.250% 3/1–$2.88M0.1%–
FutureCrest Acquisition Corp.G3730U123COM250,000$2.65M0.1%–
BLZRUTrailblazer Acquisition Corp.UNIT 08/21/2030250,000$2.56M0.1%History
Cipher Mining Inc17253J114*W EXP 10/22/202482,370$2.43M0.1%–
Dexcom Inc252131AM9NOTE 0.375% 5/1–$2.28M0.1%–
D-Wave Quantum Inc.26740W117*W EXP 08/05/20283,792$2.05M0.1%–
MKLYUMcKinley Acquisition CorpUNIT 07/25/2030200,000$2.00M0.1%History
APACUStoneBridge Acquisition II CorpUNIT 09/09/2030200,000$1.99M0.1%History
Ziff Davis, Inc.48123VAH5DEBT 3.625% 3/0–$1.94M0.1%–
HVMCUHighview Merger Corp.UNIT 07/24/2030187,433$1.90M0.1%History
VSHVishay Intertechnology IncCOM104,000$1.59M<0.1%History
JBTMJBT Marel CorpCOM10,400$1.46M<0.1%History
IMSRWTerrestrial Energy Inc.*W EXP 99/99/999229,314$1.38M<0.1%History
GCM Grosvenor Inc.36831E116*W EXP 11/17/2022,023,481$1.21M<0.1%–
INFQInfleqtion, Inc.SHS CL A83,083$1.07M<0.1%History
BSAAUBEST SPAC I Acquisition Corp.UNIT 05/27/203095,000$965.2K<0.1%History
ALNYAlnylam Pharmaceuticals, Inc.COM2,100$957.6K<0.1%History
CCOICogent Communications Holdings, Inc.COM NEW24,549$941.5K<0.1%History
Spring Valley Acquistn CorpG83752116*W EXP 02/25/202647,811$858.4K<0.1%–
GPIGroup 1 Automotive IncCOM1,948$852.3K<0.1%History
CABOCable One, Inc.COM4,591$812.8K<0.1%History
KSSKOHLS CorpStock46,824$719.7K<0.1%History
CRWVCoreWeave, Inc.Stock5,179$708.7K<0.1%History
TSATTelesat CorpCL A & CL B SHS26,740$708.6K<0.1%History
AMKRAmkor Technology, Inc.COM22,608$642.1K<0.1%History
PPCPilgrims Pride CorpStock15,501$631.2K<0.1%History
QVCGAOld QVC Group, Inc.COM SER A NEW46,191$623.1K<0.1%History
EATBrinker International, IncStock4,850$614.4K<0.1%History
DHCDiversified Healthcare TrustCOM SH BEN INT138,691$611.6K<0.1%History
PHINPhinia Inc.COMMON STOCK10,107$581.0K<0.1%History
RNGRingCentral, Inc.CL A20,189$572.2K<0.1%History
DANDANA IncCOM28,393$569.0K<0.1%History
AMCAMC Entertainment Holdings, Inc.CL A NEW195,307$566.4K<0.1%History
LEVILevi Strauss & CoCL A COM STK23,950$558.0K<0.1%History
TILEInterface IncCOM19,138$553.9K<0.1%History
ACAArcosa, Inc.COM5,767$540.4K<0.1%History
HIHillenbrand, Inc.COM19,214$519.5K<0.1%History
STSensata Technologies Holding plcSHS16,914$516.7K<0.1%History
CXWCoreCivic, Inc.COM25,326$515.4K<0.1%History
JELDJELD-WEN Holding, Inc.COM100,247$492.2K<0.1%History
CDECoeur Mining, Inc.COM NEW25,925$486.4K<0.1%History
BWXTBWX Technologies, Inc.COM2,602$479.7K<0.1%History
TPHTri Pointe Homes, Inc.COM14,077$478.2K<0.1%History
BLDQXO Insulation, LLCStock1,215$474.9K<0.1%History
LYVLive Nation Entertainment, Inc.COM2,870$469.0K<0.1%History
CRLCharles River Laboratories International, Inc.COM2,868$448.7K<0.1%History
WCCWesco International IncCOM2,065$436.7K<0.1%History
YUMYum Brands IncStock2,859$434.6K<0.1%History
STGWStagwell IncCOM CL A76,534$430.9K<0.1%History
TNETTrinet Group, Inc.COM6,435$430.4K<0.1%History
ECHOEchoStar CORPCL A5,515$421.1K<0.1%History
APGAPi Group CorpCOM STK11,952$410.8K<0.1%History
ARMKAramarkCOM10,645$408.8K<0.1%History
ZBRAZebra Technologies CorpCL A1,373$408.0K<0.1%History
OIIOceaneering International IncStock16,061$398.0K<0.1%History
CCKCrown Holdings, Inc.COM4,105$396.5K<0.1%History
AROCArchrock, Inc.COM14,584$383.7K<0.1%History
BALLBALL CorpCOM7,506$378.5K<0.1%History
MATWMatthews International CorpCL A15,471$375.6K<0.1%History
ALSNAllison Transmission Holdings IncStock4,261$361.7K<0.1%History
WBDWarner Bros. Discovery, Inc.Stock18,278$357.0K<0.1%History
NENoble Corp plcORD SHS A12,568$355.4K<0.1%History
ESIElement Solutions IncCOM14,030$353.1K<0.1%History
HOLXHologic IncCOM5,184$349.9K<0.1%History
PATKPatrick Industries IncCOM3,380$349.6K<0.1%History
USFDUS Foods Holding Corp.COM4,468$342.3K<0.1%History