Polygon Management Ltd.
- SEC CIK
- 0001515070
- Latest filing
- Aug 12, 2026
Holdings in Q4 2021
Holdings as of Dec 31, 2021, filed Feb 14, 2022. Long positions only; changes compare share counts with Q3 2021.
- Positions
- 211
- +9 vs. Q3 2021
- Portfolio value
- $1.65B
- +$19.6M (+1.2%) vs. Q3 2021
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| American Eagle Outfitters IN02553EAB2 | NOTE 3.750% 4/1 | – | $138.3M | 8.4% | – | – | – |
| Envista Holdings Corp29415FAB0 | NOTE 2.375% 6/0 | – | $115.4M | 7.0% | – | – | – |
| Snap Inc83304AAB2 | NOTE 0.750% 8/0 | – | $81.4M | 4.9% | – | – | – |
| Cytokinetics Inc23282WAA8 | NOTE 4.000%11/1 | – | $78.8M | 4.8% | – | – | – |
| Palo Alto Networks Inc697435AF2 | NOTE 0.375% 6/0 | – | $75.0M | 4.5% | – | – | – |
| Nice Sys Inc65366HAB9 | NOTE 1.250% 1/1 | – | $49.2M | 3.0% | – | – | – |
| NCL Corp Ltd62886HAT8 | NOTE 6.000% 5/1 | – | $45.7M | 2.8% | – | – | – |
| Chesapeake Energy Corp165167164 | *W EXP 99/99/999 | 982,808 | $39.1M | 2.4% | +655,670+200.4% | Added | – |
| MongoDB, Inc.60937PAD8 | NOTE 0.250% 1/1 | – | $38.3M | 2.3% | – | New | – |
| Arch Resources, Inc.039389AB7 | NOTE 5.250%11/1 | – | $38.2M | 2.3% | – | New | – |
| Silicon Laboratories Inc.826919AD4 | NOTE 0.625% 6/1 | – | $37.6M | 2.3% | – | New | – |
| Insulet Corp45784PAK7 | NOTE 0.375% 9/0 | – | $33.2M | 2.0% | – | New | – |
| World Wrestling Entmt Inc98156QAB4 | NOTE 3.375%12/1 | – | $30.9M | 1.9% | – | – | – |
| National Vision Hldgs Inc63845RAB3 | NOTE 2.500% 5/1 | – | $30.4M | 1.8% | – | – | – |
| Nuance Communications, Inc.67020YAK6 | DBCV 1.000%12/1 | – | $28.6M | 1.7% | – | – | – |
| Akamai Technologies Inc00971TAJ0 | NOTE 0.125% 5/0 | – | $28.0M | 1.7% | – | – | – |
| Lyft, Inc.55087PAB0 | NOTE 1.500% 5/1 | – | $26.8M | 1.6% | – | – | – |
| MicroStrategy Inc594972AC5 | NOTE 0.750%12/1 | – | $22.8M | 1.4% | – | New | – |
| Ligand Pharmaceuticals Inc53220KAF5 | NOTE 0.750% 5/1 | – | $21.8M | 1.3% | – | – | – |
| 2U, LLC90214JAB7 | NOTE 2.250% 5/0 | – | $21.4M | 1.3% | – | – | – |
| Datadog, Inc.23804LAB9 | NOTE 0.125% 6/1 | – | $20.1M | 1.2% | – | New | – |
| United States STL Corp New912909AT5 | NOTE 5.000%11/0 | – | $18.8M | 1.1% | – | – | – |
| BALYBally's Corp | COM | 475,000 | $18.1M | 1.1% | +100,000+26.7% | Added | History |
| PetIQ, Inc.71639TAB2 | NOTE 4.000% 6/0 | – | $18.1M | 1.1% | – | – | – |
| TAKTakeda Pharmaceutical Co Ltd | ADR | 1,275,656 | $17.4M | 1.1% | −71,277−5.3% | Reduced | History |
| Eagle Bulk Shipping Inc.269442AB5 | CONVERTIBLE BOND | – | $16.7M | 1.0% | – | – | – |
| Allegheny Technologies Inc01741RAG7 | NOTE 4.750% 7/0 | – | $15.6M | 0.9% | – | – | – |
| AUTLAutolus Therapeutics plc | SPON ADS | 2,700,000 | $14.0M | 0.8% | +200,000+8.0% | Added | History |
| Splunk Inc848637AD6 | NOTE 1.125% 9/1 | – | $13.9M | 0.8% | – | – | – |
| PINGPing Identity Holding Corp. | COM | 600,000 | $13.7M | 0.8% | +103,744+20.9% | Added | History |
| Heska Corp42805EAB4 | NOTE 3.750% 9/1 | – | $11.9M | 0.7% | – | New | – |
| Bandwidth Inc.05988JAB9 | NOTE 0.250% 3/0 | – | $11.8M | 0.7% | – | – | – |
| BridgeBio Pharma, Inc.10806XAB8 | NOTE 2.500% 3/1 | – | $10.9M | 0.7% | – | – | – |
| Chesapeake Energy Corp165167172 | *W EXP 99/99/999 | 296,078 | $10.6M | 0.6% | +149,597+102.1% | Added | – |
| 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 |
| Antero Resources Corp03674XAM8 | NOTE 4.250% 9/0 | – | $10.3M | 0.6% | – | – | – |
| Snap Inc83304AAD8 | NOTE 0.250% 5/0 | – | $10.0M | 0.6% | – | – | – |
| Cree Inc225447AD3 | NOTE 1.750% 5/0 | – | $9.84M | 0.6% | – | New | – |
| Coupa Software Inc22266LAC0 | NOTE 0.125% 6/1 | – | $9.81M | 0.6% | – | – | – |
| Corenergy Infrastructure Tr21870UAC0 | NOTE 5.875% 8/1 | – | $8.97M | 0.5% | – | – | – |
| Health Catalyst, Inc.42225TAB3 | NOTE 2.500% 4/1 | – | $8.75M | 0.5% | – | – | – |
| Cinemark Hldgs Inc17243VAB8 | NOTE 4.500% 8/1 | – | $8.70M | 0.5% | – | – | – |
| Airship AI Holdings, Inc.G1R25Q105 | CLASS A ORD SHS | 850,000 | $8.32M | 0.5% | 00.0% | Unchanged | – |
| Ahren Acquisition Corp.G01322117 | UNIT 12/09/2026 | 750,000 | $7.51M | 0.5% | +750,000 | New | – |
| Revelstone Capital Acquisition Corp.76137R205 | UNIT 12/17/2026 | 750,000 | $7.41M | 0.4% | +750,000 | New | – |
| G Squared Ascend I IncG4204R109 | SHS CL A | 750,000 | $7.41M | 0.4% | 00.0% | Unchanged | – |
| Virgin Group Acquisit Corp IG9460K102 | SHS CL A | 750,000 | $7.40M | 0.4% | 00.0% | Unchanged | – |
| VAQCVector Acquisition Corp II | CL A SHS | 750,330 | $7.33M | 0.4% | 00.0% | Unchanged | History |
| WPCBWarburg Pincus Capital Corp I-B | SHS CL A | 747,000 | $7.29M | 0.4% | 00.0% | Unchanged | History |
| Accelerate Acquisition Corp.00439D102 | COM CL A | 750,000 | $7.29M | 0.4% | 00.0% | Unchanged | – |
| Intrexon Corp46122TAA0 | NOTE 3.500% 7/0 | – | $6.88M | 0.4% | – | – | – |
| Peridot Acquisition Corp. IIG7008B105 | SHS CL A | 700,000 | $6.81M | 0.4% | 00.0% | Unchanged | – |
| ROSSBPGC Acquisition Corp. | SHS CL A | 675,493 | $6.59M | 0.4% | 00.0% | Unchanged | History |
| Zillow Group, Inc.98954MAH4 | NOTE 2.750% 5/1 | – | $6.46M | 0.4% | – | – | – |
| LGVLongview Acquisition Corp. II | COM CL A | 650,000 | $6.40M | 0.4% | 00.0% | Unchanged | History |
| TCW Special Purpose Acqu Cor87301L106 | COM CL A | 650,000 | $6.34M | 0.4% | 00.0% | Unchanged | – |
| Pathfinder Acquisition CorpG04119106 | CL A | 635,619 | $6.17M | 0.4% | 00.0% | Unchanged | – |
| Gores Holdings VII Inc38286T101 | COM CL A | 623,700 | $6.10M | 0.4% | 00.0% | Unchanged | – |
| Burlington Stores, Inc.122017AB2 | NOTE 2.250% 4/1 | – | $5.99M | 0.4% | – | New | – |
| HERAFTAC Hera Acquisition Corp. | CLASS A ORD SHS | 600,000 | $5.86M | 0.4% | 00.0% | Unchanged | History |
| Independence Holdings CorpG4761A101 | CLASS A ORD SHS | 600,000 | $5.83M | 0.4% | 00.0% | Unchanged | – |
| DHB Capital Corp23291W109 | CL A COM | 574,877 | $5.61M | 0.3% | +50,000+9.5% | Added | – |
| Agile Growth Corp.G01202103 | CLASS A ORD | 556,632 | $5.40M | 0.3% | 00.0% | Unchanged | – |
| Sandbridge X2 Corp799792106 | COM CLASS A | 550,000 | $5.35M | 0.3% | 00.0% | Unchanged | – |
| Silver Spike Acquisitn CorpG8201H105 | CLASS A ORD SHS | 530,200 | $5.15M | 0.3% | 00.0% | Unchanged | – |
| Guardant Health, Inc.40131MAB5 | NOTE 11/1 | – | $5.06M | 0.3% | – | New | – |
| Healthcare AI Acquisition Corp.G4373K125 | UNIT 12/07/2026 | 500,000 | $5.00M | 0.3% | +500,000 | New | – |
| Zeo Energy Corp.G3R95N103 | SHS CL A | 500,000 | $4.96M | 0.3% | +500,000 | New | – |
| TCVATCV Acquisition Corp. | CL A SHS | 500,000 | $4.93M | 0.3% | 00.0% | Unchanged | History |
| Zillow Group, Inc.98954MAG6 | NOTE 1.375% 9/0 | – | $4.92M | 0.3% | – | – | – |
| TPG Pace Beneficial II CorpG89826104 | COMMON STOCK | 500,000 | $4.90M | 0.3% | 00.0% | Unchanged | – |
| THCPThunder Bridge Capital Partners IV, Inc. | CLASS A COM | 500,000 | $4.88M | 0.3% | 00.0% | Unchanged | History |
| Corsair Partnering CorpG2540H108 | SHS CL A | 500,000 | $4.88M | 0.3% | 00.0% | Unchanged | – |
| Tio Tech AG8T10C106 | CLASS A ORD SHS | 500,000 | $4.87M | 0.3% | 00.0% | Unchanged | – |
| Austerlitz Acquisition CorpG0633U101 | COM CL A | 500,000 | $4.86M | 0.3% | 00.0% | Unchanged | – |
| BSKYBig Sky Growth Partners, Inc. | CLASS A COM | 500,000 | $4.86M | 0.3% | 00.0% | Unchanged | History |
| PFTAPerception Capital Corp. III | CLASS A ORD SHS | 487,506 | $4.74M | 0.3% | 00.0% | Unchanged | History |
| Forbion European Acqustn CorG3619H128 | UNIT 12/10/2026 | 450,000 | $4.58M | 0.3% | +450,000 | New | – |
| Livent Corp.53814LAB4 | NOTE 4.125% 7/1 | – | $4.43M | 0.3% | – | – | – |
| Post Holdings Partnering Cor737465104 | COM SER A | 450,000 | $4.41M | 0.3% | 00.0% | Unchanged | – |
| Gores Technology Partners II38287L107 | CLASS A COM | 440,922 | $4.37M | 0.3% | 00.0% | Unchanged | – |
| LYFTLyft, Inc. | CL A COM | 100,000 | $4.27M | 0.3% | +100,000 | New | History |
| Carnival Corp143658BE1 | NOTE 5.750% 4/0 | – | $4.26M | 0.3% | – | New | – |
| CHAACatcha Investment Corp | SHS CL A | 407,868 | $3.98M | 0.2% | 00.0% | Unchanged | History |
| Colliers Intl Group Inc194693AB3 | NOTE 4.000% 6/0 | – | $3.97M | 0.2% | – | – | – |
| Khosla Ventures Acqut Co III482506102 | COM CL A | 400,000 | $3.90M | 0.2% | 00.0% | Unchanged | – |
| Tailwind Internatnal Acq CorG8662F101 | COM CL A | 400,000 | $3.90M | 0.2% | 00.0% | Unchanged | – |
| LCALandcadia Holdings IV, Inc. | CLASS A COM | 400,000 | $3.89M | 0.2% | 00.0% | Unchanged | History |
| World Quantum Growth AcquisiG5596W101 | SHS CL A | 375,000 | $3.68M | 0.2% | +375,000 | New | – |
| Summit Healthcre Acquistn CoG8566R102 | CLASS A ORD SHS | 375,000 | $3.64M | 0.2% | 00.0% | Unchanged | – |
| TB SA Acquisition CorpG8657L105 | CLASS A ORD SHS | 350,000 | $3.42M | 0.2% | 00.0% | Unchanged | – |
| TWOAtwo | COM CL A | 350,000 | $3.41M | 0.2% | 00.0% | Unchanged | History |
| Okta, Inc.679295AD7 | NOTE 0.125% 9/0 | – | $3.40M | 0.2% | – | – | – |
| Artisan Acquisition CorpG0509L102 | CLASS A ORD SHS | 325,000 | $3.22M | 0.2% | 00.0% | Unchanged | – |
| G Squared Ascend II IncG42041106 | COM CL A | 325,000 | $3.17M | 0.2% | 00.0% | Unchanged | – |
| Black Spade Acquisition CoG11537100 | SHS CL A | 325,000 | $3.14M | 0.2% | 00.0% | Unchanged | – |
| WPCAWarburg Pincus Capital Corp I-A | SHS CL A | 320,488 | $3.14M | 0.2% | 00.0% | Unchanged | History |
| MIDDLEBY Corp596278AB7 | NOTE 1.000% 9/0 | – | $3.10M | 0.2% | – | – | – |
| Aurora Cannabis Inc05156XAG3 | CONVERTIBLE BOND | – | $3.07M | 0.2% | – | – | – |
Options (3)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
Sold out since Q3 2021 (26)
Positions held at the end of Q3 2021 that are gone from this filing.
| Security | Class | Shares in Q3 2021 | Value in Q3 2021 | % of portfolio in Q3 2021 | History |
|---|---|---|---|---|---|
| Cleveland-Cliffs Inc.185899AA9 | DBCV 1.500% 1/1 | – | $111.0M | 6.8% | – |
| Liberty Media Corp Del530715AN1 | DEB 3.500% 1/1 | – | $64.1M | 3.9% | – |
| First Majestic Silver Corp32076VAB9 | NOTE 1.875% 3/0 | – | $23.4M | 1.4% | – |
| GIGCAPITAL4 Inc37518G101 | COM | 700,000 | $6.90M | 0.4% | – |
| Isis Pharmaceuticals Inc Del464337AJ3 | NOTE 1.000%11/1 | – | $6.75M | 0.4% | – |
| Lexicon Pharmaceuticals, Inc.528872AB0 | NOTE 5.250%12/0 | – | $5.33M | 0.3% | – |
| Insight Enterprises Inc45765UAB9 | NOTE 0.750% 2/1 | – | $4.21M | 0.3% | – |
| TPG Pace Solutions Corp.G8656V104 | SHS CL A | 395,936 | $3.98M | 0.2% | – |
| World Quantum Growth AcquisiG5596W119 | UNIT 99/99/9999 | 375,000 | $3.77M | 0.2% | – |
| Nextgen Acquisition Corp IIG65317102 | CLASS A ORD SHS | 332,977 | $3.30M | 0.2% | – |
| ECATBlackRock ESG Capital Allocation Term Trust | SHS BEN INT | 150,000 | $3.02M | 0.2% | History |
| AURAurora Innovation, Inc. | CLASS A ORD SHS | 200,100 | $1.99M | 0.1% | History |
| SQMChemical & Mining Co of Chile Inc | SPON ADR SER B | 33,100 | $1.78M | 0.1% | History |
| Coupa Software Inc22266LAF3 | NOTE 0.375% 6/1 | – | $1.63M | 0.1% | – |
| CIIG Capital Partners II, Inc.12561U208 | UNIT 02/28/2028 | 150,000 | $1.51M | 0.1% | – |
| Far Peak Acquisition CorpG3312L103 | SHS CL A | 150,000 | $1.49M | 0.1% | – |
| HBMHudbay Minerals Inc. | COM | 225,000 | $1.40M | 0.1% | History |
| Dragoneer Growth Oppty CorpG28314105 | SHS CL A | 59,384 | $591.0K | <0.1% | – |
| BHILBenson Hill, Inc. | COMMON STOCK | 24,001 | $171.0K | <0.1% | History |
| Nextgen Acquisition Corp IIG65317128 | *W EXP 03/23/202 | 88,183 | $148.0K | <0.1% | – |
| PGENPrecigen, Inc. | COM | 25,078 | $125.0K | <0.1% | History |
| Altimar Acquisition Corp IIG03709105 | SHS CL A | 10,000 | $99.0K | <0.1% | – |
| Pine Is Acquisition Corp722615101 | CL A | 6,951 | $68.0K | <0.1% | – |
| GIGCAPITAL4 Inc37518G119 | *W EXP 02/08/202 | 50,000 | $53.0K | <0.1% | – |
| UHGUnited Homes Group, Inc. | CL A | 5,000 | $49.0K | <0.1% | History |
| Ecp Environmental GW Opt Cor26829T100 | COM CL A | 5,000 | $49.0K | <0.1% | – |