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Livermore
Livermore
ZHEN

Polygon Management Ltd.

SEC CIK
0001515070
Latest filing
Aug 12, 2026

Holdings in Q3 2022

Holdings as of Sep 30, 2022, filed Nov 14, 2022. Long positions only; changes compare share counts with Q2 2022.

Institution overview
Positions
146
−48 vs. Q2 2022
Portfolio value
$829.5M
−$593.1M (−41.7%) vs. Q2 2022
Filed
Nov 14, 2022
SEC
Holdings of Polygon Management Ltd. in Q3 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Envista Holdings Corp29415FAB0NOTE 2.375% 6/0–$92.9M11.2%–––
Chesapeake Energy Corp165167164*W EXP 99/99/9991,133,303$91.1M11.0%−136,096−10.7%Reduced–
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$51.7M6.2%–––
World Wrestling Entmt Inc98156QAB4NOTE 3.375%12/1–$42.8M5.2%–––
Chesapeake Energy Corp165167172*W EXP 99/99/999417,255$31.8M3.8%−993,134−70.4%Reduced–
United States STL Corp New912909AT5NOTE 5.000%11/0–$31.2M3.8%–––
Nice Sys Inc65366HAB9NOTE 1.250% 1/1–$30.5M3.7%–––
NCL Corp Ltd62886HAT8NOTE 6.000% 5/1–$30.0M3.6%–––
LYFTLyft, Inc.CL A COM2,200,000$29.0M3.5%+250,000+12.8%AddedHistory
Guardant Health, Inc.40131MAB5NOTE 11/1–$26.7M3.2%–––
PATHUiPath, Inc.Stock2,000,000$25.2M3.0%+250,000+14.3%AddedHistory
Coinbase Global, Inc.19260QAB3NOTE 0.500% 6/0–$23.2M2.8%–––
TAKTakeda Pharmaceutical Co LtdADR1,682,834$21.8M2.6%+407,178+31.9%AddedHistory
BALYBally's CorpCOM1,000,000$19.8M2.4%−400,000−28.6%ReducedHistory
CXMSprinklr, Inc.CL A2,000,000$18.4M2.2%+1,250,000+166.7%AddedHistory
Antero Resources Corp03674XAM8NOTE 4.250% 9/0–$17.6M2.1%–––
CRWDCrowdStrike Holdings, Inc.Stock100,000$16.5M2.0%−35,000−25.9%ReducedHistory
MicroStrategy Inc594972AC5NOTE 0.750%12/1–$12.8M1.5%–––
HTZWWHertz Global Holdings, IncCommon Stock1,344,528$12.0M1.4%+446,169+49.7%AddedHistory
Allegheny Technologies Inc01741RAK8NOTE 3.500% 6/1–$11.9M1.4%–––
Cutera Inc232109AB4NOTE 2.250% 3/1–$11.8M1.4%–––
Eagle Bulk Shipping Inc.269442AB5CONVERTIBLE BOND–$11.7M1.4%–––
2U, LLC90214JAB7NOTE 2.250% 5/0–$9.76M1.2%–––
Chesapeake Energy Corp165167180*W EXP 03/01/202123,265$9.03M1.1%−1,113,634−90.0%Reduced–
TCVATCV Acquisition Corp.CL A SHS900,000$8.82M1.1%00.0%UnchangedHistory
SNOWSnowflake Inc.Stock50,000$8.50M1.0%−150,000−75.0%ReducedHistory
HERAFTAC Hera Acquisition Corp.CLASS A ORD SHS805,000$7.99M1.0%00.0%UnchangedHistory
G Squared Ascend I IncG4204R109SHS CL A750,000$7.44M0.9%00.0%Unchanged–
Pathfinder Acquisition CorpG04119106CL A735,615$7.31M0.9%−240,534−24.6%Reduced–
Corenergy Infrastructure Tr21870UAC0NOTE 5.875% 8/1–$7.16M0.9%–––
AUTLAutolus Therapeutics plcSPON ADS3,039,381$6.50M0.8%+19,968+0.7%AddedHistory
BridgeBio Pharma, Inc.10806XAB8NOTE 2.500% 3/1–$5.97M0.7%–––
Heska Corp42805EAB4NOTE 3.750% 9/1–$5.85M0.7%–––
Spotify USA Inc84921RAB6NOTE 3/1–$5.78M0.7%–––
DHB Capital Corp23291W109CL A COM587,267$5.78M0.7%00.0%Unchanged–
World Quantum Growth AcquisiG5596W101SHS CL A575,000$5.77M0.7%00.0%Unchanged–
TCW Special Purpose Acqu Cor87301L106COM CL A573,982$5.63M0.7%−500,000−46.6%Reduced–
THCPThunder Bridge Capital Partners IV, Inc.CLASS A COM500,000$4.87M0.6%00.0%UnchangedHistory
Sound Point Acquisition CorpG8274F101CLASS A ORD SHS400,000$4.08M0.5%00.0%Unchanged–
OKTAOkta, Inc.CL A70,000$3.98M0.5%+70,000NewHistory
Cazoo Group LtdG2007L105COM7,735,220$3.56M0.4%+2,200,000+39.7%Added–
Ahren Acquisition Corp.G01322109CLASS A ORD SHS350,000$3.52M0.4%−1,016,660−74.4%Reduced–
MicroStrategy Inc594972AE1NOTE 2/1–$3.41M0.4%–––
Freeline Therapeutics Hldgs35655L107SPONSORED ADS4,000,000$2.80M0.3%+239,492+6.4%Added–
CVIIChurchill Capital Corp VIICOM CL A272,508$2.68M0.3%00.0%UnchangedHistory
Colliers Intl Group Inc194693AB3NOTE 4.000% 6/0–$2.52M0.3%–––
7 Acquisition CorpG80694105SHS CL A200,492$2.02M0.2%00.0%Unchanged–
Aurora Cannabis Inc05156XAG3CONVERTIBLE BOND–$1.84M0.2%–––
Lazard Growth Acquisition CoG54035103SHS165,380$1.64M0.2%00.0%Unchanged–
ROSSBPGC Acquisition Corp.SHS CL A150,493$1.49M0.2%−855,736−85.0%ReducedHistory
APGBApollo Strategic Growth Capital IISHS CL A149,123$1.47M0.2%00.0%UnchangedHistory
WPCBWarburg Pincus Capital Corp I-BSHS CL A147,000$1.46M0.2%−600,000−80.3%ReducedHistory
KKR Acquisition Holding I Co48253T109COM CLASS A124,802$1.23M0.1%00.0%Unchanged–
Inseego Corp.45782BAD6NOTE 3.250% 5/0–$1.18M0.1%–––
FVIVFortress Value Acquisition Corp. IVCOM CL A117,295$1.15M0.1%−950,300−89.0%ReducedHistory
SLAMSlam Corp.CL A SHS115,082$1.14M0.1%00.0%UnchangedHistory
Gores Technology Partners IN382870103CLASS A COM106,170$1.04M0.1%00.0%Unchanged–
CONXCONX Corp.COM CL A104,242$1.04M0.1%00.0%UnchangedHistory
Gores Holdings VII Inc38286T101COM CL A101,500$1.00M0.1%00.0%Unchanged–
Social Capital Hedosopha HLDG8251L105SHS CL A99,789$998.0K0.1%00.0%Unchanged–
SVF Investment Corp.G8601L102CL A SHS100,000$996.0K0.1%00.0%Unchanged–
FVTFortress Value Acquisition Corp. IIICOM CL A98,539$976.0K0.1%00.0%UnchangedHistory
JWSMFJaws Mustang Acquisition CorpSHS CL A96,487$959.0K0.1%00.0%UnchangedHistory
TECKTeck Resources LtdCL B28,388$863.0K0.1%+13,620+92.2%AddedHistory
ALBAlbemarle CorpStock3,185$842.0K0.1%+320+11.2%AddedHistory
Churchill Capital Corp V17144T107COM CL A78,396$776.0K0.1%00.0%Unchanged–
WPCAWarburg Pincus Capital Corp I-ASHS CL A70,488$699.0K0.1%−250,000−78.0%ReducedHistory
Bridgetown Holdings LtdG1355U113COM CL A66,889$671.0K0.1%00.0%Unchanged–
Panacea Acquisition Corp. IIG6882C106CL A SHS59,681$585.0K0.1%00.0%Unchanged–
New Vista Acquisition CorpG6529L105CL A SHS52,821$525.0K0.1%00.0%Unchanged–
Social Capital Hedosopha HLDG82514103SHS CL A50,554$506.0K0.1%00.0%Unchanged–
Blueriver Acquisition CorpG1261Q107SHS CL A50,004$495.0K0.1%00.0%Unchanged–
ITRGIntegra Resources Corp.COM NEW919,179$494.0K0.1%−144,154−13.6%ReducedHistory
HBMHudbay Minerals Inc.COM107,437$432.0K0.1%00.0%UnchangedHistory
Compute Health Acquisitin Co204833107COM CL A25,000$247.0K<0.1%00.0%Unchanged–
MSDAMSD Acquisition Corp.CLASS A ORD SHS24,300$241.0K<0.1%00.0%UnchangedHistory
Hennessy Capital Invs Corp V42589T107COM CL A11,915$118.0K<0.1%00.0%Unchanged–
Skillsoft Corp.83066P119*W EXP 06/11/202450,630$90.0K<0.1%00.0%Unchanged–
Gol Linhas Aereas Inteligent38045R206SPON ADR PFD NEW25,553$84.0K<0.1%00.0%Unchanged–
PRENWPrenetics Global Ltd*W EXP 05/18/202108,333$49.0K<0.1%00.0%UnchangedHistory
Ahren Acquisition Corp.G01322125*W EXP 12/09/202375,000$47.0K<0.1%00.0%Unchanged–
Byte Acquisition CorpG1R25Q113*W EXP 03/18/202425,000$42.0K<0.1%00.0%Unchanged–
Revelstone Capital Acqstn Co76137R114*W EXP 09/15/202375,000$38.0K<0.1%00.0%Unchanged–
GROVWGrove Collaborative Holdings, Inc.*W EXP 06/16/202150,000$38.0K<0.1%00.0%UnchangedHistory
Healthcare AI Acquisition Corp.G4373K117*W EXP 99/99/999250,000$36.0K<0.1%00.0%Unchanged–
Portage Fintech Acquisitn CoG7185D114*W EXP 07/08/202162,502$33.0K<0.1%00.0%Unchanged–
Heartland Media Acquisition Corp.42237V116*W EXP 99/99/999287,500$32.0K<0.1%00.0%Unchanged–
Sound Point Acquisition CorpG8274F119*W EXP 02/25/202200,000$31.0K<0.1%00.0%Unchanged–
Forbion European Acqustn CorG3619H110*W EXP 12/10/202150,000$30.0K<0.1%00.0%Unchanged–
Summit Healthcre Acquistn CoG8566R110*W EXP 06/03/202187,500$28.0K<0.1%00.0%Unchanged–
KKR Acquisition Holding I Co48253T117*W EXP 99/99/999206,200$25.0K<0.1%00.0%Unchanged–
Virgin Orbit Holdings, Inc.92771A119*W EXP 99/99/99981,773$24.0K<0.1%00.0%Unchanged–
Fortress Value Acquisi Corp34964K116*W EXP 03/18/202133,449$23.0K<0.1%00.0%Unchanged–
Gores Hldgs VIII Inc382863116*W EXP 03/01/20224,262$23.0K<0.1%00.0%Unchanged–
Alpha Healthcare Acqu Corp I02073F112*W EXP 04/01/20275,000$22.0K<0.1%00.0%Unchanged–
7 Acquisition CorpG80694113*W EXP 11/05/202150,246$21.0K<0.1%00.0%Unchanged–
Tio Tech AG8T10C114*W EXP 04/12/202249,999$19.0K<0.1%00.0%Unchanged–
Black Spade Acquisition CoG11537118*W EXP 99/99/999162,500$19.0K<0.1%00.0%Unchanged–
Landcadia Holdings IV, Inc.51477A112*W EXP 03/29/202100,000$18.0K<0.1%00.0%Unchanged–
Ross Acquisition Corp IIG7641C114*W EXP 02/01/202225,164$18.0K<0.1%00.0%Unchanged–

Options (1)

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 Q3 2022
SecurityClassPutsCalls
GEOGeo Group IncCOM–$193.0K

Sold out since Q2 2022 (49)

Positions held at the end of Q2 2022 that are gone from this filing.

Positions of Polygon Management Ltd. sold out since Q2 2022
SecurityClassShares in Q2 2022Value in Q2 2022% of portfolio in Q2 2022History
Nortonlifelock Inc668771AB4NOTE 2.000% 8/1–$43.6M3.1%–
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%–
MongoDB, Inc.60937PAD8NOTE 0.250% 1/1–$18.0M1.3%–
PINGPing Identity Holding Corp.COM883,657$16.0M1.1%History
DocuSign, Inc.256163AD8NOTE 1/1–$16.0M1.1%–
PetIQ, Inc.71639TAB2NOTE 4.000% 6/0–$11.9M0.8%–
VAQCVector Acquisition Corp IICL A SHS1,125,330$11.0M0.8%History
Summit Healthcre Acquistn CoG8566R102CLASS A ORD SHS980,646$9.54M0.7%–
Tio Tech AG8T10C106CLASS A ORD SHS950,600$9.29M0.7%–
Peridot Acquisition Corp. IIG7008B105SHS CL A915,000$8.98M0.6%–
Airship AI Holdings, Inc.G1R25Q105CLASS A ORD SHS862,500$8.49M0.6%–
CHAACatcha Investment CorpSHS CL A850,368$8.35M0.6%History
Corsair Partnering CorpG2540H108SHS CL A762,762$7.38M0.5%–
Accelerate Acquisition Corp.00439D102COM CL A750,000$7.32M0.5%–
Allscripts Healthcare Solutn01988PAF5NOTE 0.875% 1/0–$6.70M0.5%–
Black Spade Acquisition CoG11537100SHS CL A690,000$6.69M0.5%–
LGVLongview Acquisition Corp. IICOM CL A675,000$6.59M0.5%History
HAIAHealthcare AI Acquisition Corp.CLASS A ORD SHS644,549$6.39M0.4%History
Silver Spike Acquisitn CorpG8201H105CLASS A ORD SHS630,200$6.17M0.4%–
Cree Inc225447AD3NOTE 1.750% 5/0–$6.09M0.4%–
Independence Holdings CorpG4761A101CLASS A ORD SHS612,500$6.00M0.4%–
National Vision Hldgs Inc63845RAB3NOTE 2.500% 5/1–$5.78M0.4%–
Forbion European Acqustn CorG3619H102CLASS A ORD SHS550,000$5.50M0.4%–
Agile Growth Corp.G01202103CLASS A ORD556,632$5.47M0.4%–
Intrexon Corp46122TAA0NOTE 3.500% 7/0–$5.39M0.4%–
Sandbridge X2 Corp799792106COM CLASS A550,000$5.36M0.4%–
Zeo Energy Corp.G3R95N103SHS CL A503,531$5.05M0.4%–
VLATValor Latitude Acquisition Corp.CLASS A ORD SHS507,232$4.94M0.3%History
TPG Pace Beneficial II CorpG89826104COMMON STOCK500,000$4.87M0.3%–
PFTAPerception Capital Corp. IIICLASS A ORD SHS487,506$4.73M0.3%History
Twitter, Inc.90184LAN2NOTE 3/1–$4.46M0.3%–
Post Holdings Partnering Cor737465104COM SER A450,000$4.37M0.3%–
Bandwidth Inc.05988JAB9NOTE 0.250% 3/0–$4.31M0.3%–
Accuray Inc004397AK1NOTE 3.750% 6/0–$3.91M0.3%–
TWOAtwoCOM CL A400,000$3.91M0.3%History
Khosla Ventures Acqut Co III482506102COM CL A400,000$3.89M0.3%–
Twelve Seas Investment Co. II90118T106COM CL A394,300$3.85M0.3%–
Ascendant Digital Acq Corp IG05157105CL A COM350,000$3.50M0.2%–
TB SA Acquisition CorpG8657L105CLASS A ORD SHS350,000$3.43M0.2%–
Cable One, Inc.12685JAE5NOTE 3/1–$3.31M0.2%–
G Squared Ascend II IncG42041106COM CL A325,000$3.19M0.2%–
HCNEJaws Hurricane Acquisition CorpCLASS A COM300,000$2.91M0.2%History
Cable One, Inc.12685JAG0NOTE 1.125% 3/1–$2.52M0.2%–
Catalyst Partnrs Acquisitn CG19550105CLASS A ORD SHS250,000$2.44M0.2%–
Carnival Corp143658BE1NOTE 5.750% 4/0–$2.23M0.2%–
Cohn Robbins Holdings CorpG23726105COM CL A146,699$1.46M0.1%–
Beyond Meat, Inc.08862EAB5NOTE 3/1–$1.43M0.1%–