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Polygon Management Ltd.

SEC CIK
0001515070
Latest filing
Aug 12, 2026

Holdings in Q2 2022

Holdings as of Jun 30, 2022, filed Aug 15, 2022. Long positions only; changes compare share counts with Q1 2022.

Institution overview
Positions
194
−27 vs. Q1 2022
Portfolio value
$1.42B
−$782.0M (−35.5%) vs. Q1 2022
Filed
Aug 15, 2022
SEC
Holdings of Polygon Management Ltd. in Q2 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Envista Holdings Corp29415FAB0NOTE 2.375% 6/0–$107.2M7.5%–––
Chesapeake Energy Corp165167172*W EXP 99/99/9991,410,389$79.8M5.6%−800,444−36.2%Reduced–
Chesapeake Energy Corp165167164*W EXP 99/99/9991,269,399$77.6M5.5%−288,226−18.5%Reduced–
Chesapeake Energy Corp165167180*W EXP 03/01/2021,236,899$65.4M4.6%−184,743−13.0%Reduced–
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$60.1M4.2%–––
Nortonlifelock Inc668771AB4NOTE 2.000% 8/1–$43.6M3.1%–––
World Wrestling Entmt Inc98156QAB4NOTE 3.375%12/1–$38.2M2.7%–––
Allegheny Technologies Inc01741RAK8NOTE 3.500% 6/1–$32.6M2.3%–––
PATHUiPath, Inc.Stock1,750,000$31.8M2.2%+750,000+75.0%AddedHistory
United States STL Corp New912909AT5NOTE 5.000%11/0–$31.4M2.2%–––
Nice Sys Inc65366HAB9NOTE 1.250% 1/1–$31.3M2.2%–––
NCL Corp Ltd62886HAT8NOTE 6.000% 5/1–$29.6M2.1%–––
SNOWSnowflake Inc.Stock200,000$27.8M2.0%+100,000+100.0%AddedHistory
BALYBally's CorpCOM1,400,000$27.7M1.9%+199,999+16.7%AddedHistory
LYFTLyft, Inc.CL A COM1,950,000$25.9M1.8%+1,750,000+875.0%AddedHistory
Coinbase Global, Inc.19260QAB3NOTE 0.500% 6/0–$23.8M1.7%–New–
Guardant Health, Inc.40131MAB5NOTE 11/1–$23.1M1.6%–––
CRWDCrowdStrike Holdings, Inc.Stock135,000$22.8M1.6%+85,000+170.0%AddedHistory
Silicon Laboratories Inc.826919AD4NOTE 0.625% 6/1–$21.3M1.5%–––
Ligand Pharmaceuticals Inc53220KAF5NOTE 0.750% 5/1–$21.0M1.5%–––
Insulet Corp45784PAK7NOTE 0.375% 9/0–$20.0M1.4%–––
Eagle Bulk Shipping Inc.269442AB5CONVERTIBLE BOND–$18.7M1.3%–––
MongoDB, Inc.60937PAD8NOTE 0.250% 1/1–$18.0M1.3%–––
TAKTakeda Pharmaceutical Co LtdADR1,275,656$17.9M1.3%00.0%UnchangedHistory
Antero Resources Corp03674XAM8NOTE 4.250% 9/0–$17.7M1.2%–––
Cutera Inc232109AB4NOTE 2.250% 3/1–$16.9M1.2%–––
PINGPing Identity Holding Corp.COM883,657$16.0M1.1%+308,657+53.7%AddedHistory
DocuSign, Inc.256163AD8NOTE 1/1–$16.0M1.1%–––
Ahren Acquisition Corp.G01322109CLASS A ORD SHS1,366,660$13.6M1.0%+396,660+40.9%Added–
PetIQ, Inc.71639TAB2NOTE 4.000% 6/0–$11.9M0.8%–––
2U, LLC90214JAB7NOTE 2.250% 5/0–$11.6M0.8%–––
VAQCVector Acquisition Corp IICL A SHS1,125,330$11.0M0.8%00.0%UnchangedHistory
MicroStrategy Inc594972AC5NOTE 0.750%12/1–$10.5M0.7%–––
TCW Special Purpose Acqu Cor87301L106COM CL A1,073,982$10.5M0.7%00.0%Unchanged–
FVIVFortress Value Acquisition Corp. IVCOM CL A1,067,595$10.4M0.7%00.0%UnchangedHistory
Ross Acquisition Corp IIG7641C106SHS CL A1,006,229$9.88M0.7%+18,736+1.9%Added–
Pathfinder Acquisition CorpG04119106CL A976,149$9.58M0.7%+130,530+15.4%Added–
Summit Healthcre Acquistn CoG8566R102CLASS A ORD SHS980,646$9.54M0.7%+335,646+52.0%Added–
Tio Tech AG8T10C106CLASS A ORD SHS950,600$9.29M0.7%+200,000+26.6%Added–
Peridot Acquisition Corp. IIG7008B105SHS CL A915,000$8.98M0.6%00.0%Unchanged–
HTZWWHertz Global Holdings, IncCommon Stock898,359$8.79M0.6%+697,069+346.3%AddedHistory
TCVATCV Acquisition Corp.CL A SHS900,000$8.78M0.6%+400,000+80.0%AddedHistory
AUTLAutolus Therapeutics plcSPON ADS3,019,413$8.54M0.6%+193,476+6.8%AddedHistory
Airship AI Holdings, Inc.G1R25Q105CLASS A ORD SHS862,500$8.49M0.6%00.0%Unchanged–
BridgeBio Pharma, Inc.10806XAB8NOTE 2.500% 3/1–$8.38M0.6%–––
CHAACatcha Investment CorpSHS CL A850,368$8.35M0.6%+250,000+41.6%AddedHistory
Spotify USA Inc84921RAB6NOTE 3/1–$7.92M0.6%–––
HERAFTAC Hera Acquisition Corp.CLASS A ORD SHS805,000$7.89M0.6%+180,000+28.8%AddedHistory
Corenergy Infrastructure Tr21870UAC0NOTE 5.875% 8/1–$7.79M0.5%–––
CXMSprinklr, Inc.CL A750,000$7.58M0.5%+457,269+156.2%AddedHistory
Corsair Partnering CorpG2540H108SHS CL A762,762$7.38M0.5%+50,000+7.0%Added–
G Squared Ascend I IncG4204R109SHS CL A750,000$7.36M0.5%00.0%Unchanged–
WPCBWarburg Pincus Capital Corp I-BSHS CL A747,000$7.32M0.5%00.0%UnchangedHistory
Accelerate Acquisition Corp.00439D102COM CL A750,000$7.32M0.5%00.0%Unchanged–
Heska Corp42805EAB4NOTE 3.750% 9/1–$7.04M0.5%–––
Allscripts Healthcare Solutn01988PAF5NOTE 0.875% 1/0–$6.70M0.5%–––
Black Spade Acquisition CoG11537100SHS CL A690,000$6.69M0.5%+315,000+84.0%Added–
LGVLongview Acquisition Corp. IICOM CL A675,000$6.59M0.5%00.0%UnchangedHistory
HAIAHealthcare AI Acquisition Corp.CLASS A ORD SHS644,549$6.39M0.4%00.0%UnchangedHistory
Silver Spike Acquisitn CorpG8201H105CLASS A ORD SHS630,200$6.17M0.4%+100,000+18.9%Added–
Cree Inc225447AD3NOTE 1.750% 5/0–$6.09M0.4%–––
Independence Holdings CorpG4761A101CLASS A ORD SHS612,500$6.00M0.4%00.0%Unchanged–
National Vision Hldgs Inc63845RAB3NOTE 2.500% 5/1–$5.78M0.4%–––
DHB Capital Corp23291W109CL A COM587,267$5.74M0.4%00.0%Unchanged–
World Quantum Growth AcquisiG5596W101SHS CL A575,000$5.71M0.4%00.0%Unchanged–
Forbion European Acqustn CorG3619H102CLASS A ORD SHS550,000$5.50M0.4%00.0%Unchanged–
Agile Growth Corp.G01202103CLASS A ORD556,632$5.47M0.4%00.0%Unchanged–
Intrexon Corp46122TAA0NOTE 3.500% 7/0–$5.39M0.4%–––
Sandbridge X2 Corp799792106COM CLASS A550,000$5.36M0.4%00.0%Unchanged–
Zeo Energy Corp.G3R95N103SHS CL A503,531$5.05M0.4%−500,000−49.8%Reduced–
VLATValor Latitude Acquisition Corp.CLASS A ORD SHS507,232$4.94M0.3%+207,232+69.1%AddedHistory
THCPThunder Bridge Capital Partners IV, Inc.CLASS A COM500,000$4.88M0.3%00.0%UnchangedHistory
TPG Pace Beneficial II CorpG89826104COMMON STOCK500,000$4.87M0.3%00.0%Unchanged–
PFTAPerception Capital Corp. IIICLASS A ORD SHS487,506$4.73M0.3%00.0%UnchangedHistory
Twitter, Inc.90184LAN2NOTE 3/1–$4.46M0.3%–––
Post Holdings Partnering Cor737465104COM SER A450,000$4.37M0.3%00.0%Unchanged–
MicroStrategy Inc594972AE1NOTE 2/1–$4.32M0.3%–––
Bandwidth Inc.05988JAB9NOTE 0.250% 3/0–$4.31M0.3%–––
Sound Point Acquisition CorpG8274F101CLASS A ORD SHS400,000$4.02M0.3%+400,000New–
Cazoo Group LtdG2007L105COM5,535,220$3.98M0.3%+3,700,000+201.6%Added–
Accuray Inc004397AK1NOTE 3.750% 6/0–$3.91M0.3%–New–
TWOAtwoCOM CL A400,000$3.91M0.3%00.0%UnchangedHistory
Khosla Ventures Acqut Co III482506102COM CL A400,000$3.89M0.3%00.0%Unchanged–
Twelve Seas Investment Co. II90118T106COM CL A394,300$3.85M0.3%00.0%Unchanged–
Ascendant Digital Acq Corp IG05157105CL A COM350,000$3.50M0.2%00.0%Unchanged–
TB SA Acquisition CorpG8657L105CLASS A ORD SHS350,000$3.43M0.2%00.0%Unchanged–
Cable One, Inc.12685JAE5NOTE 3/1–$3.31M0.2%–––
Freeline Therapeutics Hldgs35655L107SPONSORED ADS3,760,508$3.27M0.2%+60,508+1.6%Added–
G Squared Ascend II IncG42041106COM CL A325,000$3.19M0.2%00.0%Unchanged–
WPCAWarburg Pincus Capital Corp I-ASHS CL A320,488$3.14M0.2%00.0%UnchangedHistory
Colliers Intl Group Inc194693AB3NOTE 4.000% 6/0–$2.95M0.2%–––
HCNEJaws Hurricane Acquisition CorpCLASS A COM300,000$2.91M0.2%00.0%UnchangedHistory
CVIIChurchill Capital Corp VIICOM CL A272,508$2.66M0.2%00.0%UnchangedHistory
Cable One, Inc.12685JAG0NOTE 1.125% 3/1–$2.52M0.2%–––
Catalyst Partnrs Acquisitn CG19550105CLASS A ORD SHS250,000$2.44M0.2%00.0%Unchanged–
Carnival Corp143658BE1NOTE 5.750% 4/0–$2.23M0.2%–––
7 Acquisition CorpG80694105SHS CL A200,492$2.00M0.1%−100,000−33.3%Reduced–
Aurora Cannabis Inc05156XAG3CONVERTIBLE BOND–$1.92M0.1%–––
Lazard Growth Acquisition CoG54035103SHS165,380$1.62M0.1%00.0%Unchanged–
APGBApollo Strategic Growth Capital IISHS CL A149,123$1.47M0.1%00.0%UnchangedHistory

Options (2)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Polygon Management Ltd. in Q2 2022
SecurityClassPutsCalls
iShares Tr464288513IBOXX HI YD ETF–$36.8M
GEOGeo Group IncCOM–$165.0K

Sold out since Q1 2022 (33)

Positions held at the end of Q1 2022 that are gone from this filing.

Positions of Polygon Management Ltd. sold out since Q1 2022
SecurityClassShares in Q1 2022Value in Q1 2022% of portfolio in Q1 2022History
American Eagle Outfitters IN02553EAB2NOTE 3.750% 4/1–$100.3M4.5%–
Cytokinetics Inc23282WAA8NOTE 4.000%11/1–$82.9M3.8%–
Snap Inc83304AAB2NOTE 0.750% 8/0–$65.6M3.0%–
Arch Resources, Inc.039389AB7NOTE 5.250%11/1–$55.4M2.5%–
Akamai Technologies Inc00971TAJ0NOTE 0.125% 5/0–$28.1M1.3%–
Lyft, Inc.55087PAB0NOTE 1.500% 5/1–$25.0M1.1%–
Austerlitz Acquisition CorpG0633U101COM CL A1,927,600$18.9M0.9%–
Datadog, Inc.23804LAB9NOTE 0.125% 6/1–$17.7M0.8%–
Splunk Inc848637AD6NOTE 1.125% 9/1–$15.0M0.7%–
Tailwind Internatnal Acq CorG8662F101COM CL A1,171,000$11.5M0.5%–
Austerlitz Acquisition CorpG0633D109SHS CL A947,626$9.31M0.4%–
Snap Inc83304AAD8NOTE 0.250% 5/0–$8.06M0.4%–
Coupa Software Inc22266LAC0NOTE 0.125% 6/1–$7.80M0.4%–
Virgin Group Acquisit Corp IG9460K102SHS CL A750,000$7.39M0.3%–
RCACRevelstone Capital Acquisition Corp.CLASS A COM750,000$7.33M0.3%History
Health Catalyst, Inc.42225TAB3NOTE 2.500% 4/1–$6.87M0.3%–
Heartland Media Acquisition Corp.42237V108CL A COM575,000$5.68M0.3%–
BSKYBig Sky Growth Partners, Inc.CLASS A COM500,000$4.86M0.2%History
Livent Corp.53814LAB4NOTE 4.125% 7/1–$4.65M0.2%–
Gores Technology Partners II38287L107CLASS A COM440,922$4.31M0.2%–
LCALandcadia Holdings IV, Inc.CLASS A COM422,441$4.15M0.2%History
Sound Point Acquisition CorpG8274F127UNIT 02/25/2027400,000$4.02M0.2%–
Artisan Acquisition CorpG0509L102CLASS A ORD SHS325,000$3.21M0.1%–
CIIG Capital Partners II, Inc.12561U109COM CL A313,071$3.11M0.1%–
Alpha Healthcare Acqu Corp I02073F104CLASS A COM300,000$2.92M0.1%–
DGNUDragoneer Growth Opportunities Corp. IIICL A SHS287,500$2.82M0.1%History
Gores Hldgs VIII Inc382863108CL A274,100$2.73M0.1%–
MIDDLEBY Corp596278AB7NOTE 1.000% 9/0–$2.66M0.1%–
Dropbox, Inc.26210CAD6NOTE 3/0–$1.88M0.1%–
BBAIBigBear.ai Holdings, Inc.COM202,100$1.67M0.1%History
Tuatara Capital Acquisitn CoG9118J101CL A SHS100,000$988.0K<0.1%–
Burlington Stores, Inc.122017AB2NOTE 2.250% 4/1–$116.0K<0.1%–
Artisan Acquisition CorpG0509L128*W EXP 03/26/202108,333$29.0K<0.1%–