Polygon Management Ltd.
- SEC CIK
- 0001515070
- Latest filing
- Aug 12, 2026
Holdings in Q3 2021
Holdings as of Sep 30, 2021, filed Nov 15, 2021. Long positions only; changes compare share counts with Q2 2021.
- Positions
- 202
- +11 vs. Q2 2021
- Portfolio value
- $1.63B
- −$202.9M (−11.1%) vs. Q2 2021
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| American Eagle Outfitters IN02553EAB2 | NOTE 3.750% 4/1 | – | $139.9M | 8.6% | – | – | – |
| Snap Inc83304AAB2 | NOTE 0.750% 8/0 | – | $114.4M | 7.0% | – | – | – |
| Cleveland-Cliffs Inc.185899AA9 | DBCV 1.500% 1/1 | – | $111.0M | 6.8% | – | – | – |
| Envista Holdings Corp29415FAB0 | NOTE 2.375% 6/0 | – | $107.7M | 6.6% | – | – | – |
| Liberty Media Corp Del530715AN1 | DEB 3.500% 1/1 | – | $64.1M | 3.9% | – | – | – |
| Palo Alto Networks Inc697435AF2 | NOTE 0.375% 6/0 | – | $63.8M | 3.9% | – | – | – |
| NCL Corp Ltd62886HAT8 | NOTE 6.000% 5/1 | – | $58.5M | 3.6% | – | – | – |
| Cytokinetics Inc23282WAA8 | NOTE 4.000%11/1 | – | $50.1M | 3.1% | – | – | – |
| Nice Sys Inc65366HAB9 | NOTE 1.250% 1/1 | – | $46.1M | 2.8% | – | – | – |
| 2U, LLC90214JAB7 | NOTE 2.250% 5/0 | – | $35.1M | 2.2% | – | – | – |
| World Wrestling Entmt Inc98156QAB4 | NOTE 3.375%12/1 | – | $34.9M | 2.1% | – | – | – |
| Nuance Communications, Inc.67020YAK6 | DBCV 1.000%12/1 | – | $28.5M | 1.7% | – | – | – |
| Lyft, Inc.55087PAB0 | NOTE 1.500% 5/1 | – | $28.5M | 1.7% | – | – | – |
| Cinemark Hldgs Inc17243VAB8 | NOTE 4.500% 8/1 | – | $26.2M | 1.6% | – | New | – |
| Akamai Technologies Inc00971TAJ0 | NOTE 0.125% 5/0 | – | $25.9M | 1.6% | – | – | – |
| First Majestic Silver Corp32076VAB9 | NOTE 1.875% 3/0 | – | $23.4M | 1.4% | – | – | – |
| Allegheny Technologies Inc01741RAG7 | NOTE 4.750% 7/0 | – | $22.9M | 1.4% | – | – | – |
| TAKTakeda Pharmaceutical Co Ltd | ADR | 1,346,933 | $22.1M | 1.4% | 00.0% | Unchanged | History |
| Ligand Pharmaceuticals Inc53220KAF5 | NOTE 0.750% 5/1 | – | $21.8M | 1.3% | – | – | – |
| BridgeBio Pharma, Inc.10806XAB8 | NOTE 2.500% 3/1 | – | $20.8M | 1.3% | – | – | – |
| PetIQ, Inc.71639TAB2 | NOTE 4.000% 6/0 | – | $19.7M | 1.2% | – | – | – |
| BALYBally's Corp | COM | 375,000 | $18.8M | 1.2% | +25,000+7.1% | Added | History |
| Splunk Inc848637AD6 | NOTE 1.125% 9/1 | – | $18.4M | 1.1% | – | – | – |
| United States STL Corp New912909AT5 | NOTE 5.000%11/0 | – | $17.9M | 1.1% | – | – | – |
| Eagle Bulk Shipping Inc.269442AB5 | CONVERTIBLE BOND | – | $17.3M | 1.1% | – | – | – |
| AUTLAutolus Therapeutics plc | SPON ADS | 2,500,000 | $16.4M | 1.0% | 00.0% | Unchanged | History |
| Snap Inc83304AAD8 | NOTE 0.250% 5/0 | – | $15.4M | 0.9% | – | – | – |
| Bandwidth Inc.05988JAB9 | NOTE 0.250% 3/0 | – | $13.4M | 0.8% | – | – | – |
| PINGPing Identity Holding Corp. | COM | 496,256 | $12.2M | 0.7% | −3,744−0.7% | Reduced | History |
| Coupa Software Inc22266LAC0 | NOTE 0.125% 6/1 | – | $12.1M | 0.7% | – | – | – |
| Chesapeake Energy Corp165167164 | *W EXP 99/99/999 | 327,138 | $11.9M | 0.7% | +258,430+376.1% | Added | – |
| Antero Resources Corp03674XAM8 | NOTE 4.250% 9/0 | – | $10.9M | 0.7% | – | New | – |
| KKR Acquisition Holding I Co48253T109 | COM CLASS A | 1,074,802 | $10.5M | 0.6% | 00.0% | Unchanged | – |
| FVIVFortress Value Acquisition Corp. IV | COM CL A | 1,067,595 | $10.4M | 0.6% | 00.0% | Unchanged | History |
| Corenergy Infrastructure Tr21870UAC0 | NOTE 5.875% 8/1 | – | $8.94M | 0.5% | – | – | – |
| Health Catalyst, Inc.42225TAB3 | NOTE 2.500% 4/1 | – | $8.79M | 0.5% | – | – | – |
| Airship AI Holdings, Inc.G1R25Q105 | CLASS A ORD SHS | 850,000 | $8.25M | 0.5% | 00.0% | Unchanged | – |
| Zillow Group, Inc.98954MAH4 | NOTE 2.750% 5/1 | – | $7.85M | 0.5% | – | – | – |
| G Squared Ascend I IncG4204R109 | SHS CL A | 750,000 | $7.40M | 0.5% | 00.0% | Unchanged | – |
| VAQCVector Acquisition Corp II | CL A SHS | 750,330 | $7.32M | 0.4% | 00.0% | Unchanged | History |
| WPCBWarburg Pincus Capital Corp I-B | SHS CL A | 747,000 | $7.31M | 0.4% | 00.0% | Unchanged | History |
| Accelerate Acquisition Corp.00439D102 | COM CL A | 750,000 | $7.30M | 0.4% | 00.0% | Unchanged | – |
| Virgin Group Acquisit Corp IG9460K102 | SHS CL A | 750,000 | $7.28M | 0.4% | 00.0% | Unchanged | – |
| Intrexon Corp46122TAA0 | NOTE 3.500% 7/0 | – | $7.19M | 0.4% | – | – | – |
| GIGCAPITAL4 Inc37518G101 | COM | 700,000 | $6.90M | 0.4% | 00.0% | Unchanged | – |
| Peridot Acquisition Corp. IIG7008B105 | SHS CL A | 700,000 | $6.80M | 0.4% | 00.0% | Unchanged | – |
| Isis Pharmaceuticals Inc Del464337AJ3 | NOTE 1.000%11/1 | – | $6.75M | 0.4% | – | – | – |
| ROSSBPGC Acquisition Corp. | SHS CL A | 675,493 | $6.55M | 0.4% | 00.0% | Unchanged | History |
| LGVLongview Acquisition Corp. II | COM CL A | 650,000 | $6.43M | 0.4% | 00.0% | Unchanged | History |
| Zillow Group, Inc.98954MAG6 | NOTE 1.375% 9/0 | – | $6.42M | 0.4% | – | – | – |
| TCW Special Purpose Acqu Cor87301L106 | COM CL A | 650,000 | $6.36M | 0.4% | 00.0% | Unchanged | – |
| Pathfinder Acquisition CorpG04119106 | CL A | 635,619 | $6.28M | 0.4% | 00.0% | Unchanged | – |
| Gores Holdings VII Inc38286T101 | COM CL A | 623,700 | $6.14M | 0.4% | 00.0% | Unchanged | – |
| Independence Holdings CorpG4761A101 | CLASS A ORD SHS | 600,000 | $5.86M | 0.4% | 00.0% | Unchanged | – |
| HERAFTAC Hera Acquisition Corp. | CLASS A ORD SHS | 600,000 | $5.84M | 0.4% | 00.0% | Unchanged | History |
| Agile Growth Corp.G01202103 | CLASS A ORD | 556,632 | $5.40M | 0.3% | 00.0% | Unchanged | – |
| Sandbridge X2 Corp799792106 | COM CLASS A | 550,000 | $5.34M | 0.3% | 00.0% | Unchanged | – |
| Lexicon Pharmaceuticals, Inc.528872AB0 | NOTE 5.250%12/0 | – | $5.33M | 0.3% | – | – | – |
| Silver Spike Acquisitn CorpG8201H105 | CLASS A ORD SHS | 530,200 | $5.20M | 0.3% | 00.0% | Unchanged | – |
| DHB Capital Corp23291W109 | CL A COM | 524,877 | $5.09M | 0.3% | +2,106+0.4% | Added | – |
| National Vision Hldgs Inc63845RAB3 | NOTE 2.500% 5/1 | – | $5.07M | 0.3% | – | – | – |
| Corsair Partnering CorpG2540H108 | SHS CL A | 500,000 | $4.92M | 0.3% | +500,000 | New | – |
| TPG Pace Beneficial II CorpG89826104 | COMMON STOCK | 500,000 | $4.92M | 0.3% | 00.0% | Unchanged | – |
| TCVATCV Acquisition Corp. | CL A SHS | 500,000 | $4.90M | 0.3% | 00.0% | Unchanged | History |
| BSKYBig Sky Growth Partners, Inc. | CLASS A COM | 500,000 | $4.89M | 0.3% | 00.0% | Unchanged | History |
| Austerlitz Acquisition CorpG0633U101 | COM CL A | 500,000 | $4.88M | 0.3% | 00.0% | Unchanged | – |
| THCPThunder Bridge Capital Partners IV, Inc. | CLASS A COM | 500,000 | $4.85M | 0.3% | +500,000 | New | History |
| Tio Tech AG8T10C106 | CLASS A ORD SHS | 500,000 | $4.83M | 0.3% | 00.0% | Unchanged | – |
| Chesapeake Energy Corp165167172 | *W EXP 99/99/999 | 146,481 | $4.78M | 0.3% | +94,807+183.5% | Added | – |
| PFTAPerception Capital Corp. III | CLASS A ORD SHS | 487,506 | $4.70M | 0.3% | +487,506 | New | History |
| Gores Technology Partners II38287L107 | CLASS A COM | 440,922 | $4.34M | 0.3% | 00.0% | Unchanged | – |
| Post Holdings Partnering Cor737465104 | COM SER A | 450,000 | $4.34M | 0.3% | +450,000 | New | – |
| Insight Enterprises Inc45765UAB9 | NOTE 0.750% 2/1 | – | $4.21M | 0.3% | – | – | – |
| Livent Corp.53814LAB4 | NOTE 4.125% 7/1 | – | $4.21M | 0.3% | – | – | – |
| TPG Pace Solutions Corp.G8656V104 | SHS CL A | 395,936 | $3.98M | 0.2% | −200,000−33.6% | Reduced | – |
| CHAACatcha Investment Corp | SHS CL A | 407,868 | $3.98M | 0.2% | 00.0% | Unchanged | History |
| Khosla Ventures Acqut Co III482506102 | COM CL A | 400,000 | $3.92M | 0.2% | 00.0% | Unchanged | – |
| LCALandcadia Holdings IV, Inc. | CLASS A COM | 400,000 | $3.90M | 0.2% | 00.0% | Unchanged | History |
| Tailwind Internatnal Acq CorG8662F101 | COM CL A | 400,000 | $3.88M | 0.2% | 00.0% | Unchanged | – |
| World Quantum Growth AcquisiG5596W119 | UNIT 99/99/9999 | 375,000 | $3.77M | 0.2% | +375,000 | New | – |
| Freeline Therapeutics Hldgs35655L107 | SPONSORED ADS | 1,100,000 | $3.75M | 0.2% | +350,000+46.7% | Added | – |
| Summit Healthcre Acquistn CoG8566R102 | CLASS A ORD SHS | 375,000 | $3.66M | 0.2% | +375,000 | New | – |
| Okta, Inc.679295AD7 | NOTE 0.125% 9/0 | – | $3.54M | 0.2% | – | – | – |
| Colliers Intl Group Inc194693AB3 | NOTE 4.000% 6/0 | – | $3.43M | 0.2% | – | – | – |
| TWOAtwo | COM CL A | 350,000 | $3.43M | 0.2% | 00.0% | Unchanged | History |
| TB SA Acquisition CorpG8657L105 | CLASS A ORD SHS | 350,000 | $3.42M | 0.2% | 00.0% | Unchanged | – |
| Nextgen Acquisition Corp IIG65317102 | CLASS A ORD SHS | 332,977 | $3.30M | 0.2% | −36,640−9.9% | Reduced | – |
| Austerlitz Acquisition CorpG0633D109 | SHS CL A | 325,000 | $3.23M | 0.2% | 00.0% | Unchanged | – |
| Artisan Acquisition CorpG0509L102 | CLASS A ORD SHS | 325,000 | $3.22M | 0.2% | +325,000 | New | – |
| G Squared Ascend II IncG42041106 | COM CL A | 325,000 | $3.18M | 0.2% | +325,000 | New | – |
| WPCAWarburg Pincus Capital Corp I-A | SHS CL A | 320,488 | $3.15M | 0.2% | 00.0% | Unchanged | History |
| Black Spade Acquisition CoG11537100 | SHS CL A | 325,000 | $3.14M | 0.2% | +325,000 | New | – |
| Twelve Seas Investment Co. II90118T106 | COM CL A | 314,936 | $3.06M | 0.2% | 00.0% | Unchanged | – |
| ECATBlackRock ESG Capital Allocation Term Trust | SHS BEN INT | 150,000 | $3.02M | 0.2% | +150,000 | New | History |
| Aurora Cannabis Inc05156XAG3 | CONVERTIBLE BOND | – | $3.01M | 0.2% | – | – | – |
| VLATValor Latitude Acquisition Corp. | CLASS A ORD SHS | 300,000 | $2.92M | 0.2% | 00.0% | Unchanged | History |
| HCNEJaws Hurricane Acquisition Corp | CLASS A COM | 300,000 | $2.92M | 0.2% | +300,000 | New | History |
| Alpha Healthcare Acqu Corp I02073F104 | CLASS A COM | 300,000 | $2.90M | 0.2% | +300,000 | New | – |
| ITRGIntegra Resources Corp. | COM NEW | 1,222,211 | $2.79M | 0.2% | +392,156+47.2% | Added | History |
| Wayfair Inc.94419LAF8 | NOTE 1.000% 8/1 | – | $2.78M | 0.2% | – | – | – |
Options (2)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| GEOGeo Group Inc | COM | – | $194.0K |
| iShares Tr464288513 | IBOXX HI YD ETF | $36.0K | – |
Sold out since Q2 2021 (20)
Positions held at the end of Q2 2021 that are gone from this filing.
| Security | Class | Shares in Q2 2021 | Value in Q2 2021 | % of portfolio in Q2 2021 | History |
|---|---|---|---|---|---|
| Teradyne, Inc880770AG7 | NOTE 1.250%12/1 | – | $106.0M | 5.8% | – |
| Dick's Sporting Goods, Inc.253393AD4 | NOTE 3.250% 4/1 | – | $93.0M | 5.1% | – |
| Burlington Stores, Inc.122017AB2 | NOTE 2.250% 4/1 | – | $20.0M | 1.1% | – |
| GEOGeo Group Inc | COM | 1,400,000 | $9.97M | 0.5% | History |
| MPMP Materials Corp. | COM CL A | 178,600 | $6.58M | 0.4% | History |
| Thunder Bridge Capital Partners IV, Inc.88605L206 | UNIT 06/30/2026 | 500,000 | $4.96M | 0.3% | – |
| Post Holdings Partnering Cor737465203 | UNIT 99/99/9999 | 450,000 | $4.68M | 0.3% | – |
| Summit Healthcre Acquistn CoG8566R128 | UNIT 06/03/2026 | 375,000 | $3.75M | 0.2% | – |
| G Squared Ascend II IncG42041114 | UNIT 99/99/9999 | 325,000 | $3.25M | 0.2% | – |
| Artisan Acquisition CorpG0509L110 | UNIT 03/26/2026 | 325,000 | $3.24M | 0.2% | – |
| Jaws Hurricane Acquisitn Cor47201B202 | UNIT 06/08/2026 | 300,000 | $3.02M | 0.2% | – |
| Catalyst Partnrs Acquisitn CG19550113 | UNIT 99/99/9999 | 250,000 | $2.52M | 0.1% | – |
| CGAUCenterra Gold Inc. | COM | 259,704 | $1.97M | 0.1% | History |
| KGCKinross Gold Corp | COM | 308,000 | $1.96M | 0.1% | History |
| Reinvent Technology PartnersG7483N129 | CL A | 88,078 | $879.0K | <0.1% | – |
| SENSSenseonics Holdings, Inc. | COM | 139,578 | $536.0K | <0.1% | History |
| Reinvent Technology PartnersG74847107 | SHS CL A | 48,761 | $484.0K | <0.1% | – |
| NVTSNavitas Semiconductor Corp | COM CL A | 30,560 | $303.0K | <0.1% | History |
| Star Peak Corp II855179107 | COM CL A | 24,001 | $238.0K | <0.1% | – |
| HLHecla Mining Co | COM | 9,075 | $68.0K | <0.1% | History |