Context Capital Management, LLC
- SEC CIK
- 0001301396
- Latest filing
- Jul 23, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 13, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 327
- +59 vs. Q3 2025
- Portfolio value
- $3.88B
- +$637.0M (+19.6%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Strategy Inc594972AS0 | NOTE 12/0 | – | $187.5M | 4.8% | – | New | – |
| EchoStar CORP278768AB2 | NOTE 3.875%11/3 | – | $159.9M | 4.1% | – | – | – |
| Peloton Interactive, Inc.70614WAD2 | NOTE 5.500%12/0 | – | $135.0M | 3.5% | – | – | – |
| MARA Holdings, Inc.565788AH9 | NOTE 6/0 | – | $120.5M | 3.1% | – | New | – |
| CONMED Corp207410AH4 | NOTE 2.250% 6/1 | – | $114.7M | 3.0% | – | – | – |
| Teladoc Health, Inc.87918AAF2 | NOTE 1.250% 6/0 | – | $111.8M | 2.9% | – | – | – |
| Fluence Energy, Inc.34379VAB9 | NOTE 2.250% 6/1 | – | $93.6M | 2.4% | – | New | – |
| BridgeBio Pharma, Inc.10806XAD4 | NOTE 2.250% 2/0 | – | $89.8M | 2.3% | – | – | – |
| Super Micro Computer, Inc.86800UAB0 | NOTE 3.500% 3/0 | – | $86.9M | 2.2% | – | – | – |
| Tandem Diabetes Care Inc875372AD6 | NOTE 1.500% 3/1 | – | $82.7M | 2.1% | – | – | – |
| Travere Therapeutics, Inc.89422GAA5 | NOTE 2.250% 3/0 | – | $82.0M | 2.1% | – | – | – |
| Cleanspark, Inc.18452BAC4 | NOTE 6/1 | – | $81.2M | 2.1% | – | New | – |
| Enovis CORP194014AB2 | NOTE 3.875%10/1 | – | $80.8M | 2.1% | – | – | – |
| Pennymac Corp70932AAH6 | NOTE 8.500% 6/0 | – | $78.6M | 2.0% | – | – | – |
| Century Alum Co156431AQ1 | NOTE 2.750% 5/0 | – | $71.0M | 1.8% | – | – | – |
| Rivian Automotive, Inc.76954AAB9 | NOTE 4.625% 3/1 | – | $69.9M | 1.8% | – | – | – |
| Pacira BioSciences, Inc.695127AJ9 | NOTE 2.125% 5/1 | – | $69.4M | 1.8% | – | – | – |
| Immunocore Hldgs PLC45258DAB1 | NOTE 2.500% 2/0 | – | $65.0M | 1.7% | – | – | – |
| Groupon, Inc.399473AK3 | NOTE 4.875% 6/3 | – | $61.7M | 1.6% | – | – | – |
| Array Technologies, Inc.04271TAB6 | NOTE 1.000%12/0 | – | $57.2M | 1.5% | – | – | – |
| Applied Digital Corp.038169AB4 | NOTE 2.750% 6/0 | – | $57.1M | 1.5% | – | New | – |
| PagerDuty, Inc.69553PAD2 | NOTE 1.500%10/1 | – | $55.2M | 1.4% | – | – | – |
| SSR MNG Inc784730AB9 | NOTE 2.500% 4/0 | – | $54.8M | 1.4% | – | – | – |
| Wayfair Inc.94419LAR2 | NOTE 3.500%11/1 | – | $53.0M | 1.4% | – | – | – |
| Upstart Hldgs Inc91680MAF4 | NOTE 1.000%11/1 | – | $52.7M | 1.4% | – | New | – |
| Centrus Energy Corp15643UAE4 | NOTE 2.250%11/0 | – | $52.2M | 1.3% | – | New | – |
| Cerence Inc.156727AD1 | NOTE 1.500% 7/0 | – | $50.7M | 1.3% | – | – | – |
| Equinox Gold Corp.29446YAC0 | NOTE 4.750%10/1 | – | $50.2M | 1.3% | – | – | – |
| Evolent Health, Inc.30050BAH4 | NOTE 3.500%12/0 | – | $49.8M | 1.3% | – | – | – |
| Enphase Energy, Inc.29355AAK3 | NOTE 3/0 | – | $47.4M | 1.2% | – | New | – |
| Solaredge Technologies, Inc.83417MAE4 | NOTE 2.250% 7/0 | – | $45.3M | 1.2% | – | – | – |
| Strategy Inc594972AL5 | NOTE 0.875% 3/1 | – | $43.0M | 1.1% | – | – | – |
| PureCycle Technologies, Inc.74623VAB9 | NOTE 7.250% 8/1 | – | $42.9M | 1.1% | – | – | – |
| Porch Group, Inc.733245AD6 | DEBT 9.000% 5/1 | – | $41.2M | 1.1% | – | – | – |
| Ironwood Pharmaceuticals Inc46333XAH1 | NOTE 1.500% 6/1 | – | $39.8M | 1.0% | – | – | – |
| Celcuity Inc.15102KAA8 | NOTE 2.750% 8/0 | – | $37.9M | 1.0% | – | – | – |
| TXNM Energy Inc69349HAF4 | NOTE 5.750% 6/0 | – | $37.6M | 1.0% | – | – | – |
| Rivian Automotive, Inc.76954AAD5 | NOTE 3.625%10/1 | – | $37.3M | 1.0% | – | – | – |
| Omeros Corp682143AK8 | NOTE 9.500% 6/1 | – | $36.3M | 0.9% | – | – | – |
| Mitek Sys Inc606710AA9 | NOTE 0.750% 2/0 | – | $33.4M | 0.9% | – | – | – |
| ALB.PAAlbemarle Corp | 7.25% DEP SHS A | 550,000 | $32.7M | 0.8% | 00.0% | Unchanged | History |
| Ramaco Res Inc75134PAB1 | NOTE 11/0 | – | $32.5M | 0.8% | – | New | – |
| Amphastar Pharmaceuticals IN03209RAB9 | NOTE 2.000% 3/1 | – | $29.4M | 0.8% | – | – | – |
| NIO Inc.62914VAJ5 | NOTE 3.875%10/1 | – | $29.0M | 0.7% | – | – | – |
| Vishay Intertechnology Inc928298AR9 | NOTE 2.250% 9/1 | – | $29.0M | 0.7% | – | – | – |
| Green Plains Inc.393222AM6 | NOTE 5.250%11/0 | – | $29.0M | 0.7% | – | New | – |
| Alignment Healthcare, Inc.01625VAB0 | NOTE 4.250%11/1 | – | $28.2M | 0.7% | – | New | – |
| Solaris Energy Infras Inc83419XAA6 | NOTE 4.750% 5/0 | – | $24.1M | 0.6% | – | – | – |
| Beyond Meat, Inc.08862EAD1 | DEBT 7.000%10/1 | – | $24.1M | 0.6% | – | New | – |
| Haemonetics Corp Mass405024AD2 | NOTE 2.500% 6/0 | – | $23.6M | 0.6% | – | – | – |
| Affirm Hldgs Inc00827BAD8 | NOTE 0.750%12/1 | – | $23.1M | 0.6% | – | New | – |
| Gossamer Bio, Inc.38341PAA0 | NOTE 5.000% 6/0 | – | $22.7M | 0.6% | – | – | – |
| Eventbrite, Inc.29975EAD1 | NOTE 0.750% 9/1 | – | $22.6M | 0.6% | – | – | – |
| Assertio Holdings, Inc.04546CAB2 | NOTE 6.500% 9/0 | – | $22.0M | 0.6% | – | – | – |
| Starwood Ppty Tr Inc85571BBA2 | NOTE 6.750% 7/1 | – | $20.0M | 0.5% | – | – | – |
| Alphatec Hldgs Inc02081GAB8 | NOTE 0.750% 8/0 | – | $18.8M | 0.5% | – | – | – |
| Groupon, Inc.399473AF4 | NOTE 1.125% 3/1 | – | $18.5M | 0.5% | – | – | – |
| BRKRPBruker Corp | 6.375 PREF SER A | 50,000 | $18.3M | 0.5% | −25,000−33.3% | Reduced | History |
| Redwood Trust Inc758075AF2 | NOTE 7.750% 6/1 | – | $18.2M | 0.5% | – | – | – |
| Applied Optoelectronics, Inc.03823UAE2 | NOTE 2.750% 1/1 | – | $18.0M | 0.5% | – | – | – |
| T1 Energy Inc.35834FAB0 | NOTE 5.250%12/0 | – | $17.9M | 0.5% | – | New | – |
| Astronics Corp046433AD0 | NOTE 5.500% 3/1 | – | $17.7M | 0.5% | – | New | – |
| Veritone, Inc.92347MAB6 | NOTE 1.750%11/1 | – | $16.4M | 0.4% | – | – | – |
| Solaris Energy Infras Inc83419XAB4 | NOTE 0.250%10/0 | – | $15.8M | 0.4% | – | New | – |
| CSG Sys Intl Inc126349AH2 | NOTE 3.875% 9/1 | – | $14.5M | 0.4% | – | – | – |
| Par Technology Corp698884AE3 | NOTE 1.500%10/1 | – | $13.7M | 0.4% | – | – | – |
| Capital Southwest Corp140501AE7 | NOTE 5.125%11/1 | – | $13.4M | 0.3% | – | – | – |
| Ani Pharmaceuticals Inc00182CAC7 | NOTE 2.250% 9/0 | – | $12.6M | 0.3% | – | New | – |
| NEE.PTNextera Energy Inc | UNIT 11/01/2027 | 250,000 | $12.2M | 0.3% | 00.0% | Unchanged | History |
| Sphere Entertainment Co.55826TAB8 | NOTE 3.500%12/0 | – | $11.0M | 0.3% | – | – | – |
| NIO Inc.62914VAK2 | NOTE 4.625%10/1 | – | $10.1M | 0.3% | – | – | – |
| Gladstone Cap Corp376535AG5 | NOTE 5.875%10/0 | – | $10.0M | 0.3% | – | – | – |
| Wolfspeed, Inc.977852AP7 | NOTE 2.500% 6/1 | – | $9.47M | 0.2% | – | New | – |
| Mannkind Corp56400PAQ5 | NOTE 2.500% 3/0 | – | $9.15M | 0.2% | – | – | – |
| Hertz Corp428040DE6 | NOTE 8.000% 7/1 | – | $8.88M | 0.2% | – | New | – |
| Green Plains Inc.393222AL8 | DEBT 5.250%11/0 | – | $8.83M | 0.2% | – | New | – |
| FOUR.PAShift4 Payments, Inc. | 6 SER A CNV PREF | 100,000 | $8.00M | 0.2% | 00.0% | Unchanged | History |
| MBVIM3-Brigade Acquisition VI Corp. | ORD SHS CL A | 791,300 | $7.91M | 0.2% | +791,300 | New | History |
| Herbalife Ltd.42703MAF0 | NOTE 4.250% 6/1 | – | $7.83M | 0.2% | – | New | – |
| DMIIDrugs Made In America Acquisition II Corp. | USD ORD SHS | 750,000 | $7.42M | 0.2% | +750,000 | New | History |
| PLMKPlum Acquisition Corp. IV | SHS CL A | 700,000 | $7.32M | 0.2% | 00.0% | Unchanged | History |
| Evolent Health, Inc.30050BAJ0 | DEBT 4.500% 8/1 | – | $7.24M | 0.2% | – | – | – |
| Cipher Mining Inc17253JAA4 | NOTE 1.750% 5/1 | – | $6.99M | 0.2% | – | – | – |
| GFUZGeneral Fusion Group Ltd. | Equity | 641,420 | $6.52M | 0.2% | +641,420 | New | History |
| HCACUHall Chadwick Acquisition Corp | UNIT 11/20/2030 | 650,000 | $6.51M | 0.2% | +650,000 | New | History |
| Cardlytics, Inc.14161WAD7 | NOTE 4.250% 4/0 | – | $6.18M | 0.2% | – | – | – |
| SZZLSizzle Acquisition Corp. II | USD CL A ORD SHS | 599,812 | $6.09M | 0.2% | −1880.0% | Reduced | History |
| BCARD. Boral ARC Acquisition I Corp. | SHS CL A | 600,000 | $6.02M | 0.2% | 00.0% | Unchanged | History |
| BIXIUBitcoin Infrastructure Acquisition Corp Ltd | UNIT 11/06/2030 | 600,000 | $5.98M | 0.2% | +600,000 | New | History |
| SOULSoulpower Acquisition Corp. | USD CL A ORD SHS | 582,480 | $5.91M | 0.2% | 00.0% | Unchanged | History |
| QXO.PBQXO, Inc. | 5.50 DEP PFD | 100,000 | $5.51M | 0.1% | −240,000−70.6% | Reduced | History |
| NOVTUNovanta Inc | UNIT 11/01/2028 | 100,000 | $5.50M | 0.1% | +100,000 | New | History |
| Green Plains Inc.393222AK0 | NOTE 2.250% 3/1 | – | $5.29M | 0.1% | – | – | – |
| CEPVCantor Equity Partners V, Inc. | SHS CL A S | 500,000 | $5.13M | 0.1% | +500,000 | New | History |
| RDAGRepublic Digital Acquisition Co | COM | 500,000 | $5.06M | 0.1% | 00.0% | Unchanged | History |
| GTERAGloba Terra Acquisition Corp | CL A ORD SHS | 500,000 | $5.05M | 0.1% | −200,000−28.6% | Reduced | History |
| HCMAHCM III Acquisition Corp. | ORD SHS CL A | 500,000 | $5.02M | 0.1% | 00.0% | Unchanged | History |
| MESHUMeshflow Acquisition Corp | UNIT 11/19/2030 | 500,000 | $5.00M | 0.1% | +500,000 | New | History |
| MKLYMcKinley Acquisition Corp | SHS CL A | 500,000 | $4.99M | 0.1% | +500,000 | New | History |
| SVAQUSilicon Valley Acquisition Corp. | UNIT 12/08/2030 | 500,000 | $4.97M | 0.1% | +500,000 | New | History |
Sold out since Q3 2025 (54)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| Bloom Energy Corp093712AK3 | NOTE 3.000% 6/0 | – | $212.4M | 6.5% | – |
| Bloom Energy Corp093712AM9 | NOTE 3.000% 6/0 | – | $64.0M | 2.0% | – |
| First Majestic Silver Corp32076VAD5 | NOTE 0.375% 1/1 | – | $30.0M | 0.9% | – |
| Semtech Corp816850AH4 | NOTE 4.000%11/0 | – | $27.4M | 0.8% | – |
| PROS Holdings, Inc.74346YAK9 | DEBT 2.500% 7/0 | – | $24.4M | 0.8% | – |
| Southern Co842587DZ7 | NOTE 4.500% 6/1 | – | $21.2M | 0.7% | – |
| Beyond Meat, Inc.08862EAB5 | NOTE 3/1 | – | $14.6M | 0.4% | – |
| 3D Sys Corp Del88554DAD8 | NOTE 11/1 | – | $14.3M | 0.4% | – |
| Ugi Corp902681AB1 | NOTE 5.000% 6/0 | – | $12.8M | 0.4% | – |
| Esperion Therapeutics Inc Ne29664WAB1 | NOTE 4.000%11/1 | – | $12.4M | 0.4% | – |
| PCG.PXPG&E Corp | PFD CONV SER A | 305,000 | $12.0M | 0.4% | History |
| AeroVironment Inc008073AA6 | NOTE 7/1 | – | $11.2M | 0.3% | – |
| BA.PABoeing Co | DEP CONV PFD A | 150,000 | $10.4M | 0.3% | History |
| ARES.PBAres Management Corp | 6.75 SE B PFD | 200,000 | $9.94M | 0.3% | History |
| MARA Holdings, Inc.565788AD8 | NOTE 2.125% 9/0 | – | $9.70M | 0.3% | – |
| Luminar Technologies, Inc.550424AE5 | DEBT 11.500% 1/1 | – | $9.67M | 0.3% | – |
| IBITiShares Bitcoin Trust ETF | ETF | 144,000 | $9.36M | 0.3% | History |
| Innoviva, Inc.45781MAD3 | NOTE 2.125% 3/1 | – | $9.12M | 0.3% | – |
| MBVIUM3-Brigade Acquisition VI Corp. | UNIT 08/18/2030 | 880,000 | $8.91M | 0.3% | History |
| Fortuna MNG Corp349915AE8 | NOTE 3.750% 6/3 | – | $8.36M | 0.3% | – |
| DMIIUDrugs Made In America Acquisition II Corp. | UNIT 09/16/2030 | 750,000 | $7.46M | 0.2% | History |
| Spring Vy Acquisition Corp IG8377R127 | UNIT 09/04/2030 | 646,003 | $6.64M | 0.2% | – |
| Karyopharm Therapeutics Inc.48576UAD8 | NOTE 6% 5/13/29 | – | $6.40M | 0.2% | – |
| Zynex Inc98986MAD5 | NOTE 5.000% 5/1 | – | $6.39M | 0.2% | – |
| Pennymac Corp70932AAF0 | NOTE 5.500% 3/1 | – | $6.00M | 0.2% | – |
| MKLYUMcKinley Acquisition Corp | UNIT 07/25/2030 | 500,000 | $5.00M | 0.2% | History |
| Marriott Vacations Worldwide Corp57164YAF4 | NOTE 3.250%12/1 | – | $4.78M | 0.1% | – |
| GSRFUGSR IV Acquisition Corp. | UNIT 08/22/2030 | 450,000 | $4.56M | 0.1% | History |
| TLNCUTalon Capital Corp. | UNIT 08/27/2030 | 450,000 | $4.52M | 0.1% | History |
| Five9, Inc.338307AF8 | NOTE 1.000% 3/1 | – | $4.44M | 0.1% | – |
| BDCIUBTC Development Corp. | UNIT 09/11/2030 | 350,000 | $3.54M | 0.1% | History |
| KOYNUCSLM Digital Asset Acquisition Corp III, Ltd | UNIT 08/12/2030 | 350,000 | $3.54M | 0.1% | History |
| Luminar Technologies, Inc.550424AD7 | NOTE 9.000% 1/1 | – | $3.22M | 0.1% | – |
| BLZRUTrailblazer Acquisition Corp. | UNIT 08/21/2030 | 300,000 | $3.07M | 0.1% | History |
| OTGAUOTG Acquisition Corp. I | UNIT 09/05/2030 | 300,000 | $3.02M | 0.1% | History |
| Snap Inc83304AAK2 | NOTE 0.500% 5/0 | – | $3.01M | 0.1% | – |
| Emmis Acquisition Corp.G3037D121 | UNIT 09/12/2030 | 300,000 | $3.00M | 0.1% | – |
| BRRSilvia, Inc. | SHS CL A | 290,000 | $2.93M | 0.1% | History |
| Groupon, Inc.399473AJ6 | DEBT 4.875% 6/3 | – | $2.76M | 0.1% | – |
| PROS Holdings, Inc.74346YAG8 | NOTE 2.250% 9/1 | – | $2.75M | 0.1% | – |
| New MTN Fin Corp647551AE0 | NOTE 7.500%10/1 | – | $2.50M | 0.1% | – |
| Duke Energy CORP26441CBY0 | NOTE 4.125% 4/1 | – | $2.15M | 0.1% | – |
| FutureCrest Acquisition Corp.G3730U123 | COM | 200,000 | $2.12M | 0.1% | – |
| LATAUGalata Acquisition Corp. II | UNIT 09/12/2030 | 200,000 | $2.00M | 0.1% | History |
| HVMCUHighview Merger Corp. | UNIT 07/24/2030 | 150,000 | $1.52M | <0.1% | History |
| Bain Capital GSS Investment Corp.G0R78B122 | COM | 150,000 | $1.51M | <0.1% | – |
| CHECUChenghe Acquisition III Co. | UNIT 09/09/2030 | 136,151 | $1.36M | <0.1% | History |
| WisdomTree, Inc.97717PAH7 | NOTE 3.250% 8/1 | – | $963.0K | <0.1% | – |
| Spirit Aerosystems Inc85205TAQ3 | NOTE 3.250%11/0 | – | $819.7K | <0.1% | – |
| Silvia, Inc.G2296A117 | *W EXP 05/16/203 | 175,000 | $210.0K | <0.1% | – |
| VWAVWVisionWave Holdings, Inc. | COM | 115,819 | $47.6K | <0.1% | History |
| GSR III Acquisition Corp.G4R103107 | CL A | 4,144 | $42.9K | <0.1% | – |
| Above Food Ingredients Inc.00373V118 | *W EXP 06/28/202 | 60,000 | $14.4K | <0.1% | – |
| CEROWCero Therapeutics Holdings, Inc. | *W EXP 09/01/202 | 122,013 | $1.62K | <0.1% | History |