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Livermore
Livermore
ZHEN

CNH Partners LLC

SEC CIK
0001167456
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
497
+49 vs. Q3 2025
Portfolio value
$4.75B
+$820.4M (+20.9%) vs. Q3 2025
Filed
Feb 17, 2026
SEC
Holdings of CNH Partners LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
QRVOQorvo, Inc.Stock1,398,701$118.2M2.5%+1,398,701NewHistory
TECKTeck Resources LtdCL B2,366,021$113.3M2.4%+2,106,866+813.0%AddedHistory
NSCNorfolk Southern CorpStock342,479$98.9M2.1%+146,160+74.5%AddedHistory
Cyberark Software LtdM2682V108SHS217,384$97.0M2.0%+95,003+77.6%Added–
DraftKings Inc.26142RAB0NOTE 3/1–$96.1M2.0%–––
ALSumisho Air Lease CorpCL A1,485,209$95.4M2.0%+476,571+47.2%AddedHistory
CADECadence BancorporationEQUITY US CM2,179,665$93.4M2.0%+2,179,665NewHistory
New Gold Inc Cda644535106COM10,530,591$91.7M1.9%+10,530,591New–
GTLSChart Industries IncCOM433,498$89.4M1.9%+54,918+14.5%AddedHistory
CMAComerica IncCOM1,009,326$87.7M1.8%+1,009,326NewHistory
On Semiconductor Corp682189AU9NOTE 0.500% 3/0–$85.8M1.8%–––
Snap Inc83304AAK2NOTE 0.500% 5/0–$81.8M1.7%–––
Dexcom Inc252131AM9NOTE 0.375% 5/1–$76.9M1.6%–––
FYBRFrontier Communications Parent, Inc.COM1,998,580$76.1M1.6%+417,640+26.4%AddedHistory
TXNMTXNM Energy IncCOM1,180,015$69.5M1.5%+132,908+12.7%AddedHistory
EAElectronic Arts Inc.COM337,241$68.9M1.4%+236,936+236.2%AddedHistory
KVUEKenvue Inc.Stock3,502,931$60.4M1.3%+3,502,931NewHistory
LBRDKLiberty Broadband CorpCOM SER C1,069,280$52.0M1.1%+211,804+24.7%AddedHistory
DAYDayforce, Inc.COM742,018$51.3M1.1%+427,136+135.6%AddedHistory
Strategy Inc594972AS0NOTE 12/0–$51.2M1.1%–New–
WBDWarner Bros. Discovery, Inc.Stock1,731,448$49.9M1.0%+1,731,448NewHistory
Super Micro Computer, Inc.86800UAB0NOTE 3.500% 3/0–$47.0M1.0%–––
SEESealed Air CorpCOM1,054,612$43.7M0.9%+1,054,612NewHistory
RIORio Tinto PLCADR536,093$42.9M0.9%+275,093+105.4%AddedHistory
CFLTConfluent, Inc.CLASS A COM1,405,524$42.5M0.9%+1,405,524NewHistory
REVGREV Group, Inc.COM680,243$41.4M0.9%+680,243NewHistory
NWENorthWestern Energy Group, Inc.COM NEW607,028$39.2M0.8%+583,081+2,434.9%AddedHistory
CSGSCSG Systems International IncCOM503,695$38.6M0.8%+503,695NewHistory
WisdomTree, Inc.97717PAH7NOTE 3.250% 8/1–$38.0M0.8%–––
Global PMTS Inc37940XAU6NOTE 1.500% 3/0–$36.8M0.8%–New–
BHFBrighthouse Financial, Inc.COM566,154$36.7M0.8%+566,154NewHistory
WTRGEssential Utilities, Inc.COM948,884$36.4M0.8%+948,884NewHistory
Patk703343AG812/01/2028–$36.0M0.8%–––
CDTXCidara Therapeutics, Inc.COM NEW157,709$34.8M0.7%+157,709NewHistory
HIHillenbrand, Inc.COM1,047,360$33.2M0.7%+1,047,360NewHistory
CWANClearwater Analytics Holdings, Inc.CL A1,320,128$31.8M0.7%+1,320,128NewHistory
HOLXHologic IncCOM419,657$31.3M0.7%+419,657NewHistory
JD.com, Inc.47215PAJ5NOTE 0.250% 6/0–$28.9M0.6%–––
Trip.com Group Ltd89677QAB3NOTE 0.750% 6/1–$28.6M0.6%–New–
FOLDAmicus Therapeutics, Inc.COM1,983,109$28.2M0.6%+1,983,109NewHistory
Box Inc10316TAD6NOTE 1.500% 9/1–$26.9M0.6%–New–
HOUSAnywhere Real Estate Inc.COM1,870,356$26.5M0.6%+926,711+98.2%AddedHistory
Alibaba Group Hldg Ltd01609WBG6NOTE 0.500% 6/0–$26.4M0.6%–––
Groupon, Inc.399473AK3NOTE 4.875% 6/3–$26.0M0.5%–––
WEIBO Corp948596AJ0NOTE 1.375%12/0–$25.9M0.5%–New–
FTWPresidio Production CoCL A ORD SHS2,423,674$25.4M0.5%00.0%UnchangedHistory
Ford MTR Co Del345370CZ1NOTE 3/1–$25.0M0.5%–––
Blackline, Inc.09239BAF6NOTE 1.000% 6/0–$25.0M0.5%–––
Progress Software Corp743312AD2NOTE 3.500% 3/0–$24.2M0.5%–––
Vishay Intertechnology Inc928298AR9NOTE 2.250% 9/1–$24.0M0.5%–––
Microchip Technology Inc595017BG8NOTE 0.750% 6/0–$23.0M0.5%–New–
Agriculture & Nat Sol Acq CoG0131Y100SHS CL A2,035,706$22.7M0.5%00.0%Unchanged–
Strategy Inc594972AN1NOTE 2.250% 6/1–$22.1M0.5%–New–
BEAGBold Eagle Acquisition Corp.CL A2,020,363$21.4M0.4%00.0%UnchangedHistory
STAAStaar Surgical CoCOM PAR $0.01914,573$21.1M0.4%+284,073+45.1%AddedHistory
PagerDuty, Inc.69553PAD2NOTE 1.500%10/1–$20.3M0.4%–––
Alarm Com Hldgs Inc011642AD7NOTE 2.250% 6/0–$20.0M0.4%–––
EXASExact Sciences CorpCOM191,853$19.5M0.4%+191,853NewHistory
Workiva Inc98139AAD7NOTE 1.250% 8/1–$19.4M0.4%–New–
ALFCenturion Acquisition Corp.SHS CL A1,749,642$18.7M0.4%00.0%UnchangedHistory
AXTAAxalta Coating Systems Ltd.COM568,154$18.4M0.4%+568,154NewHistory
SEMRSEMrush Holdings, Inc.CL A COM1,509,678$18.0M0.4%+1,509,678NewHistory
Penguin Solutions, Inc.83205YAE4NOTE 2.000% 8/1–$17.6M0.4%–––
AMWDAmerican Woodmark CorpCOM319,888$17.2M0.4%+84,393+35.8%AddedHistory
TACHTitan Acquisition Corp.CL A1,666,912$17.1M0.4%00.0%UnchangedHistory
DBRGDigitalBridge Group, Inc.CL A NEW1,112,891$17.1M0.4%+1,112,891NewHistory
ALDFAldel Financial II Inc.CL A1,614,870$17.0M0.4%00.0%UnchangedHistory
GPATGP-Act III Acquisition Corp.CL A1,576,119$16.9M0.4%00.0%UnchangedHistory
Coinbase Global, Inc.19260QAF4NOTE 0.250% 4/0–$16.8M0.4%–––
CUBLionheart HoldingsSHS CL A1,572,344$16.8M0.4%00.0%UnchangedHistory
GIWGigCapital8 Corp.COM1,694,769$16.8M0.4%+1,694,769NewHistory
LPAALaunch One Acquisition Corp.SHS CLASS A1,573,742$16.7M0.4%00.0%UnchangedHistory
NPACNew Providence Acquisition Corp. III/CaymanCOM1,613,382$16.6M0.3%00.0%UnchangedHistory
TONTGraf Global Corp.ORD SHS CL A1,511,378$16.3M0.3%00.0%UnchangedHistory
LPBBLaunch Two Acquisition Corp.ORD SHS CL A1,509,683$15.9M0.3%00.0%UnchangedHistory
SIMASIM Acquisition Corp. ISHS CL A1,455,722$15.4M0.3%00.0%UnchangedHistory
Artius II Acquisition IncG0509J115SHS CL A1,490,205$15.3M0.3%00.0%Unchanged–
SNVSynovus Financial CorpCOM NEW302,981$15.2M0.3%+302,981NewHistory
Voyager Acquisition CorpG93A7H104CL A1,418,939$15.1M0.3%00.0%Unchanged–
RACRithm Acquisition Corp.COM1,451,934$15.1M0.3%00.0%UnchangedHistory
AVAVAeroVironment IncCOM62,300$15.1M0.3%+62,300NewHistory
Avidity Biosciences, Inc.05370A108COM208,705$15.1M0.3%+208,705New–
LEGTLegato Merger Corp. IIIORD SHS1,380,892$15.0M0.3%00.0%UnchangedHistory
OACCOaktree Acquisition Corp. III Life SciencesSHS CL A1,412,750$15.0M0.3%00.0%UnchangedHistory
POLEAndretti Acquisition Corp. IIUNIT 99/99/99991,400,933$14.8M0.3%00.0%UnchangedHistory
Mountain Lake Acquisition Corp.G6301B101SHS CL A1,405,707$14.6M0.3%−94,199−6.3%Reduced–
KCHVKochav Defense Acquisition Corp.SHS CL A1,429,380$14.5M0.3%00.0%UnchangedHistory
Aspen Insurance Holdings LtdG05384501ORD SHS CL A388,918$14.4M0.3%+138,252+55.2%Added–
SBXDSilverBox Corp IVSHS CL A1,347,002$14.3M0.3%00.0%UnchangedHistory
FERAFifth Era Acquisition Corp IORD SHS CL A1,386,220$14.2M0.3%00.0%UnchangedHistory
SDHISiddhi Acquisition Corp (Cayman Islands)CL A SHS1,307,013$13.4M0.3%00.0%UnchangedHistory
FACTFACT II Acquisition Corp.ORD SHS CL A1,277,639$13.3M0.3%00.0%UnchangedHistory
SZZLSizzle Acquisition Corp. IIUSD CL A ORD SHS1,305,022$13.3M0.3%00.0%UnchangedHistory
SOULSoulpower Acquisition Corp.USD CL A ORD SHS1,305,022$13.2M0.3%00.0%UnchangedHistory
TGNATegna IncCOM659,164$12.8M0.3%+92,593+16.3%AddedHistory
HVMCHighview Merger Corp.ORD SH CL A1,268,222$12.7M0.3%+1,268,222NewHistory
JACSJackson Acquisition Co IICOM SHS CL A1,216,792$12.7M0.3%00.0%UnchangedHistory
JHGJanus Henderson Group Ltd.ORD SHS264,560$12.6M0.3%+264,560NewHistory
KOYNCSLM Digital Asset Acquisition Corp III, LtdUSD CL A ORD SHS1,213,440$12.1M0.3%+1,213,440NewHistory
BCSSBain Capital GSS Investment Corp.ORD CL A1,184,700$11.9M0.3%+1,184,700NewHistory

Sold out since Q3 2025 (109)

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

The largest 100 of 109 by value last quarter.

Positions of CNH Partners LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
IPGInterpublic Group of Companies, Inc.COM3,633,044$101.4M2.6%History
ALEAllete IncCOM NEW1,372,186$91.1M2.3%History
Sandstorm Gold Ltd Com New80013R206Stock6,061,783$75.9M1.9%–
KKellanovaStock880,941$72.1M1.8%History
VRNAVerona Pharma plcSPONSORED ADS513,778$54.8M1.4%History
AVDXAvidXchange Holdings, Inc.COM5,268,902$52.4M1.3%History
WNSWNS (Holdings) LtdCOM SHS666,844$50.9M1.3%History
Transocean Ltd.893830BW8DEB 4.625% 9/3–$42.8M1.1%–
SPRSpirit AeroSystems Holdings, Inc.COM CL A930,112$35.9M0.9%History
World Kinect Corp98149GAB6NOTE 3.250% 7/0–$34.9M0.9%–
HBIHanesbrands Inc.COM5,108,216$33.6M0.9%History
Etsy Inc29786AAJ5NOTE 0.125%10/0–$31.7M0.8%–
INFAInformatica Inc.COM CL A1,236,458$30.7M0.8%History
VBTXVeritex Holdings, Inc.COM813,371$27.3M0.7%History
Firstenergy Corp337932AR8NOTE 4.000% 5/0–$26.7M0.7%–
KKR.PDKKR & Co. Inc.6.25 CON SER D500,000$26.2M0.7%History
SCSSteelcase IncCL A1,388,663$23.9M0.6%History
Duke Energy CORP26441CBY0NOTE 4.125% 4/1–$21.6M0.5%–
Pinnacle West Cap Corp723484AK7NOTE 4.750% 6/1–$20.2M0.5%–
MRUSMerus N.V.COM204,994$19.3M0.5%History
Dynavax Technologies Corp268158AE2DEBT 2.000% 3/1–$17.9M0.5%–
TRMLTourmaline Bio, Inc.COM374,785$17.9M0.5%History
VMEOVimeo, Inc.COMMON STOCK2,243,567$17.4M0.4%History
SHIFT4 PMTS Inc82452JAB5NOTE 12/1–$15.5M0.4%–
Bain Capital GSS Investment Corp.G0R78B122COM1,500,000$15.0M0.4%–
DMIIUDrugs Made In America Acquisition II Corp.UNIT 09/16/20301,500,000$14.9M0.4%History
MRCMRC Global Inc.COM1,019,159$14.7M0.4%History
Spring Vy Acquisition Corp IG8377R127UNIT 09/04/20301,300,000$13.5M0.3%–
Biomarin Pharmaceutical Inc09061GAK7NOTE 1.250% 5/1–$13.4M0.3%–
GSRFUGSR IV Acquisition Corp.UNIT 08/22/20301,300,000$13.2M0.3%History
HVMCUHighview Merger Corp.UNIT 07/24/20301,268,226$12.8M0.3%History
KOYNUCSLM Digital Asset Acquisition Corp III, LtdUNIT 08/12/20301,213,440$12.3M0.3%History
PNFPPinnacle Financial Partners, Inc.COM128,144$12.0M0.3%History
TLNCUTalon Capital Corp.UNIT 08/27/20301,158,216$11.6M0.3%History
MBVIUM3-Brigade Acquisition VI Corp.UNIT 08/18/20301,141,831$11.6M0.3%History
BDCIUBTC Development Corp.UNIT 09/11/20301,125,000$11.3M0.3%History
CCRNCross Country Healthcare IncCOM762,647$10.8M0.3%History
PROPROS Holdings, Inc.COM460,205$10.5M0.3%History
BLZRUTrailblazer Acquisition Corp.UNIT 08/21/20301,000,000$10.3M0.3%History
IASIntegral Ad Science Holding Corp.COM991,705$10.1M0.3%History
ALB.PAAlbemarle Corp7.25% DEP SHS A251,600$9.61M0.2%History
MKLYUMcKinley Acquisition CorpUNIT 07/25/2030950,571$9.50M0.2%History
LATAUGalata Acquisition Corp. IIUNIT 09/12/2030900,000$8.98M0.2%History
VRNTVerint Systems IncCOM433,256$8.77M0.2%History
VLOSVelos Acquisition I Corp.CL A830,918$8.77M0.2%History
Shopify Inc.82509LAA5NOTE 0.125%11/0–$8.42M0.2%–
OTGAUOTG Acquisition Corp. IUNIT 09/05/2030800,000$8.06M0.2%History
Sapiens Intl Corp N VG7T16G103SHS186,172$8.01M0.2%–
Metals Acquisition CorpG60409110ORD SHS640,206$7.82M0.2%–
CHECUChenghe Acquisition III Co.UNIT 09/09/2030700,000$6.99M0.2%History
VTLEVital Energy, Inc.COM371,963$6.28M0.2%History
Emmis Acquisition Corp.G3037D121UNIT 09/12/2030600,000$5.99M0.2%–
BRRSilvia, Inc.SHS CL A583,941$5.91M0.2%History
Rapid7, Inc.753422AH7NOTE 1.250% 3/1–$5.60M0.1%–
Curevac N VN2451R105COM991,688$5.35M0.1%–
NETDNabors Energy Transition Corp. IICL A469,798$5.27M0.1%History
TBMCTrailblazer Merger Corp ICL A435,910$5.10M0.1%History
ODPODP CorpCOM180,260$5.02M0.1%History
KDKKodiak AI, Inc.COM702,094$4.80M0.1%History
Expedia Group, Inc.30212PBE4NOTE 2/1–$4.59M0.1%–
SRDXSurmodics IncCOM149,086$4.46M0.1%History
ETNB89bio, Inc.COM296,445$4.36M0.1%History
DTSQDT Cloud Star Acquisition CorpSHS400,900$4.20M0.1%History
PGREParamount Group, Inc.COM610,083$3.99M0.1%History
HCMAUHCM III Acquisition Corp.UNIT 07/23/2030379,400$3.91M0.1%History
APACUStoneBridge Acquisition II CorpUNIT 09/09/2030375,000$3.74M0.1%History
FutureCrest Acquisition Corp.G3730U123COM346,500$3.67M0.1%–
ZIMVZimVie Inc.Stock177,454$3.36M0.1%History
PINCPremier, Inc.CL A118,050$3.28M0.1%History
QUMSUQuantumsphere Acquisition CorpUNIT 07/30/2030322,660$3.27M0.1%History
PHLTPerformant Healthcare IncCOM418,967$3.24M0.1%History
GSR III Acquisition Corp.G4R103131RIGHT 99/99/9999297,167$2.48M0.1%–
MLNKMeridianLink, Inc.COMMON STOCK120,388$2.40M0.1%History
CETCentral Securities CorpCOM44,081$2.26M0.1%History
BULLWebull CorpORD SHS146,070$2.16M0.1%History
MTSRMetsera, Inc.COM38,959$2.04M0.1%History
INFQInfleqtion, Inc.SHS CL A150,846$1.94M<0.1%History
ASPCASPAC III Acquisition Corp.ORD SHS CL A181,223$1.88M<0.1%History
AMCIAMC Robotics CorpORDINARY SHARES149,997$1.79M<0.1%History
IMSRWTerrestrial Energy Inc.*W EXP 99/99/999241,236$1.32M<0.1%History
CHWCalamos Global Dynamic Income FundCOM153,184$1.16M<0.1%History
HTDJohn Hancock Tax-Advantaged Dividend Income FundCOM39,209$972.4K<0.1%History
RABrookfield Real Assets Income Fund Inc.SHS BEN INT44,331$592.3K<0.1%History
ISRLFIsrael Acquisitions CorpCLASS A ORD39,143$492.4K<0.1%History
COOPMaverick Merger Sub 2, LLCCOM2,319$488.8K<0.1%History
Jazz Investments I Ltd472145AF8NOTE 2.000% 6/1–$351.5K<0.1%–
Iron Horse Acquisitions Corp462837121RIGHT 99/99/9999455,257$332.3K<0.1%–
Spring Valley Acquistn CorpG83752116*W EXP 02/25/202229,541$298.4K<0.1%–
FFCFlaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INCCOM17,311$292.4K<0.1%History
ECFEllsworth Growth & Income Fund LtdCOM24,981$289.8K<0.1%History
InterDigital, Inc.45867GAD3NOTE 3.500% 6/0–$268.4K<0.1%–
ETGEaton Vance Tax-Advantaged Global Dividend Income FundCOM12,644$267.2K<0.1%History
XFLTXAI Floating Rate & Alternative Income TrustCOM48,378$255.7K<0.1%History
Spring Valley Acquistn CorpG83752132RIGHT 02/25/2026459,084$230.4K<0.1%–
Alnylam Pharmaceuticals, Inc.02043QAB3NOTE 1.000% 9/1–$214.0K<0.1%–
Alphavest Acquisition CorpG0283A116RIGHT 06/19/2024344,586$210.2K<0.1%–
Nabors Energy Transition CorG6363K114*W EXP 09/01/202495,238$134.8K<0.1%–
Rapid7, Inc.753422AF1NOTE 0.250% 3/1–$89.1K<0.1%–
MKS Inc55306NAB0NOTE 1.250% 6/0–$87.8K<0.1%–
ISLWFIsrael Acquisitions Corp*W EXP 99/99/999397,864$72.6K<0.1%History