Radcliffe Capital Management, L.P.
- SEC CIK
- 0001218275
- Latest filing
- Aug 14, 2026
The latest 13F from Radcliffe Capital Management, L.P. covers Q2 2026 (filed Aug 14, 2026): 450 long positions worth $1.32B. The top 10 holdings make up 23.0% of the portfolio, and the largest is Teladoc Health, Inc. at 4.6%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 114
- Est. +$269.5M
- Added
- 80
- Est. +$27.1M
- Reduced
- 39
- Est. −$16.1M
- Sold out
- 69
- Est. −$279.6M
Top 5 holdings
Share of this quarter's portfolio value
- Teladoc Health, Inc.87918AAF24.6%$60.4M
- Enphase Energy, Inc.29355AAK33.5%$46.1M
- Five9, Inc.338307AF82.9%$38.5M
- Etsy Inc29786AAN62.8%$36.5M
- Rapid7, Inc.753422AF12.7%$35.0M
Share of portfolio
Top 5 holdings and the other 445 positions, by share of portfolio value
- Teladoc Health, Inc.4.6%
- Enphase Energy, Inc.3.5%
- Five9, Inc.2.9%
- Etsy Inc2.8%
- Rapid7, Inc.2.7%
- Other 445 positions83.5%
Biggest buys
New and added positions, by estimated amount bought
- Rapid7, Inc.753422AF1+$35.0MNew
- Ares Acquisition Corp IIIG3303U112+$14.0MNew
- GUACUBerto Acquisition Corp. II
- Snowflake Inc.833445AD1+$8.84MNew
- CH4 Natural Solutions CorpG2104X127+$8.00MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Rapid7, Inc.753422AF1+2.66 pp0.0% → 2.7%
- Ares Acquisition Corp IIIG3303U112+1.06 pp0.0% → 1.1%
- GUACUBerto Acquisition Corp. II
- Snowflake Inc.833445AD1+0.67 pp0.0% → 0.7%
- CH4 Natural Solutions CorpG2104X127+0.61 pp0.0% → 0.6%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Coinbase Global, Inc.19260QAB3−$55.8MSold out
- Bandwidth Inc.05988JAD5−$19.9MSold out
- Unity Software Inc.91332UAB7−$16.7MSold out
- Callaway Golf Co131193AE4−$14.5MSold out
- TripAdvisor, Inc.896945AD4−$8.23MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Coinbase Global, Inc.19260QAB3−4.18 pp4.2% → 0.0%
- Bandwidth Inc.05988JAD5−1.49 pp1.5% → 0.0%
- Unity Software Inc.91332UAB7−1.25 pp1.2% → 0.0%
- Callaway Golf Co131193AE4−1.09 pp1.1% → 0.0%
- TripAdvisor, Inc.896945AD4−0.62 pp0.6% → 0.0%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $1.32B
- −$18.9M (−1.4%) vs. prior quarter
- Positions
- 450
- +45 vs. prior quarter
- Top 10 concentration
- 23.0%
- Top 10 as share of value
- Turnover
- 22.3%
- Q2 2026, one quarter
- Average holding period
- 3.7 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $3.16B (Q1 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | 450 | $1.32B | Teladoc Health, Inc.Enphase Energy, Inc.Five9, Inc. | vs. Q1 2026 | SEC |
| Q1 2026 | May 15, 2026 | 405 | $1.33B | Teladoc Health, Inc.Coinbase Global, Inc.Enphase Energy, Inc. | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 17, 2026 | 309 | $1.84B | Enphase Energy, Inc.Marriott Vacations Worldwide CorpTeladoc Health, Inc. | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 14, 2025 | 237 | $1.60B | Enphase Energy, Inc.Dexcom IncNew MTN Fin Corp | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 14, 2025 | 145 | $1.30B | Digitalocean Hldgs IncEnphase Energy, Inc.Fiverr Intl Ltd | vs. Q1 2025 | SEC |
| Q1 2025 | May 15, 2025 | 42 | $970.9M | Digitalocean Hldgs IncLivongo Health IncTeladoc Health, Inc. | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 14, 2025 | 49 | $875.9M | Digitalocean Hldgs IncLivongo Health IncTeladoc Health, Inc. | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 14, 2024 | 39 | $589.1M | Digitalocean Hldgs IncTeladoc Health, Inc.Magnite, Inc. | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 14, 2024 | 39 | $509.3M | Digitalocean Hldgs IncMagnite, Inc.New MTN Fin Corp | vs. Q1 2024 | SEC |
| Q1 2024 | May 15, 2024 | 73 | $519.4M | Digitalocean Hldgs IncNew MTN Fin CorpBlackline, Inc. | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 14, 2024 | 198 | $746.6M | DocuSign, Inc.New MTN Fin CorpAlteryx, Inc. | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 14, 2023 | 476 | $803.8M | Alteryx, Inc.Spotify USA IncMagnite, Inc. | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 14, 2023 | 587 | $1.17B | New MTN Fin CorpSplunk IncAlteryx, Inc. | vs. Q1 2023 | SEC |
| Q1 2023 | May 15, 2023 | 690 | $1.60B | Supernus Pharmaceuticals, Inc.New MTN Fin CorpNuvasive Inc | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 17, 2023Amended | 881 | $2.34B | Supernus Pharmaceuticals, Inc.New MTN Fin CorpPatrick Inds Inc | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 14, 2022 | 1,187 | $3.06B | Supernus Pharmaceuticals, Inc.New MTN Fin CorpDISH Network CORP | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 15, 2022 | 1,236 | $3.14B | Supernus Pharmaceuticals, Inc.New MTN Fin CorpDISH Network CORP | vs. Q1 2022 | SEC |
| Q1 2022 | May 16, 2022 | 1,213 | $3.16B | Fireeye IncSupernus Pharmaceuticals, Inc.New MTN Fin Corp | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 14, 2022 | 1,047 | $2.75B | Fireeye IncSupernus Pharmaceuticals, Inc.New MTN Fin Corp | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 894 | $2.46B | Fireeye IncSupernus Pharmaceuticals, Inc.New MTN Fin Corp | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 16, 2021 | 913 | $2.37B | Fireeye IncSupernus Pharmaceuticals, Inc.New MTN Fin Corp | vs. Q1 2021 | SEC |
| Q1 2021 | May 17, 2021 | 687 | $2.15B | Fireeye IncSupernus Pharmaceuticals, Inc.BlackRock Cap Invt Corp | – | SEC |
13D and 13G filings
Companies where Radcliffe Capital Management, L.P. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.
Current stakes of 5% or more
Radcliffe Capital Management, L.P. does not currently report owning 5% or more of any company.
Latest filings
263 filings on file made by Radcliffe Capital Management, L.P. or listing it as a reporting person; the latest 20 are shown.
| Company | Filed (ET) | Form | Stake | Change | Event date | Filing |
|---|---|---|---|---|---|---|
| NMFCNew Mountain Finance Corp | Nov 14, 2024 | 13G/AOld format | – | – | – | SEC |
| NMFCNew Mountain Finance Corp | Nov 14, 2024 | 13G/AOld format | – | – | – | SEC |
| NMFCNew Mountain Finance Corp | Oct 18, 2024 | 13G/AOld format | – | – | – | SEC |
| Corner Growth Acquisition Corp. 2 | Oct 18, 2024 | 13G/AOld format | – | – | – | SEC |
| PFTAPerception Capital Corp. III | Oct 18, 2024 | 13G/AOld format | – | – | – | SEC |
| HHLAHH&L Acquisition Co. | Oct 18, 2024 | 13G/AOld format | – | – | – | SEC |
| BTMBitcoin Depot Inc. | Oct 18, 2024 | 13G/AOld format | – | – | – | SEC |
| BlueRiver Acquisition Corp. | Oct 18, 2024 | 13G/AOld format | – | – | – | SEC |
| ROSSBPGC Acquisition Corp. | Jun 28, 20245:10 PM ET | 13G/AOld format | – | – | – | SEC |
| CBGGFChain Bridge I | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| ANGXAngel Studios, Inc. | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| NFYSEnphys Acquisition Corp. | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| SEPASEP Acquisition Corp. | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| PEGRProject Energy Reimagined Acquisition Corp. | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| CITECartica Acquisition Corp | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| QSIQuantum-Si Inc | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| KRNLKernel Group Holdings, Inc. | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| CDAQCompass Digital Acquisition Corp. | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| BHACFocus Impact BH3 Acquisition Co | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |
| IXAQFIX Acquisition Corp. | Jun 28, 2024 | 13G/AOld format | – | – | – | SEC |