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Livermore
Livermore
ZHEN

Polygon Management Ltd.

SEC CIK
0001515070
Latest filing
Aug 12, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 14, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
69
−77 vs. Q3 2022
Portfolio value
$697.5M
−$132.1M (−15.9%) vs. Q3 2022
Filed
Feb 14, 2023
SEC
Holdings of Polygon Management Ltd. in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Chesapeake Energy Corp165167164*W EXP 99/99/9991,224,755$103.1M14.8%+91,452+8.1%Added–
Envista Holdings Corp29415FAB0NOTE 2.375% 6/0–$94.4M13.5%–––
World Wrestling Entmt Inc98156QAB4NOTE 3.375%12/1–$41.7M6.0%–––
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$36.9M5.3%–––
LYFTLyft, Inc.CL A COM3,250,000$35.8M5.1%+1,050,000+47.7%AddedHistory
PATHUiPath, Inc.Stock2,815,530$35.8M5.1%+815,530+40.8%AddedHistory
Nice Sys Inc65366HAB9NOTE 1.250% 1/1–$31.1M4.5%–––
TAKTakeda Pharmaceutical Co LtdADR1,903,662$29.7M4.3%+220,828+13.1%AddedHistory
CRWDCrowdStrike Holdings, Inc.Stock250,000$26.3M3.8%+150,000+150.0%AddedHistory
NCL Corp Ltd62886HAT8NOTE 6.000% 5/1–$21.6M3.1%–––
Guardant Health, Inc.40131MAB5NOTE 11/1–$19.7M2.8%–––
BALYBally's CorpCOM936,884$18.2M2.6%−63,116−6.3%ReducedHistory
Lithium Amers Corp New53680QAA6NOTE 1.750% 1/1–$18.1M2.6%–New–
CXMSprinklr, Inc.CL A2,197,855$18.0M2.6%+197,855+9.9%AddedHistory
Antero Resources Corp03674XAM8NOTE 4.250% 9/0–$17.9M2.6%–––
AUTLAutolus Therapeutics plcSPON ADS8,300,000$15.8M2.3%+5,260,619+173.1%AddedHistory
Eagle Bulk Shipping Inc.269442AB5CONVERTIBLE BOND–$11.8M1.7%–––
Cutera Inc232109AB4NOTE 2.250% 3/1–$11.4M1.6%–––
HTZWWHertz Global Holdings, IncCommon Stock1,462,077$10.9M1.6%+117,549+8.7%AddedHistory
Allegheny Technologies Inc01741RAK8NOTE 3.500% 6/1–$8.07M1.2%–––
MicroStrategy Inc594972AC5NOTE 0.750%12/1–$8.04M1.2%–––
iShares Tr464288513IBOXX HI YD ETF100,920$7.43M1.1%+100,920New–
SNOWSnowflake Inc.Stock50,000$7.18M1.0%00.0%UnchangedHistory
Corenergy Infrastructure Tr21870UAC0NOTE 5.875% 8/1–$7.06M1.0%–––
Spotify USA Inc84921RAB6NOTE 3/1–$5.87M0.8%–––
Coinbase Global, Inc.19260QAB3NOTE 0.500% 6/0–$5.74M0.8%–––
BridgeBio Pharma, Inc.10806XAB8NOTE 2.500% 3/1–$4.62M0.7%–––
2U, LLC90214JAB7NOTE 2.250% 5/0–$4.55M0.7%–––
Ahren Acquisition Corp.G01322109CLASS A ORD SHS350,000$3.58M0.5%00.0%Unchanged–
VanEck ETF Trust92189F791JUNIOR GOLD MINE99,930$3.56M0.5%+99,930New–
Heska Corp42805EAB4NOTE 3.750% 9/1–$3.39M0.5%–––
SDRLSEADRILL LtdCOM98,457$3.21M0.5%+98,457NewHistory
Colliers Intl Group Inc194693AB3NOTE 4.000% 6/0–$2.52M0.4%–––
Aurora Cannabis Inc05156XAG3CONVERTIBLE BOND–$1.94M0.3%–––
Freeline Therapeutics Hldgs35655L107SPONSORED ADS4,000,000$1.90M0.3%00.0%Unchanged–
OKTAOkta, Inc.CL A25,000$1.71M0.2%−45,000−64.3%ReducedHistory
Lazard Growth Acquisition CoG54035103SHS165,380$1.67M0.2%00.0%Unchanged–
ROSSBPGC Acquisition Corp.SHS CL A150,493$1.52M0.2%00.0%UnchangedHistory
APGBApollo Strategic Growth Capital IISHS CL A149,123$1.49M0.2%00.0%UnchangedHistory
WPCBWarburg Pincus Capital Corp I-BSHS CL A147,000$1.48M0.2%00.0%UnchangedHistory
Cazoo Group LtdG2007L105COM8,735,220$1.37M0.2%+1,000,000+12.9%Added–
INFAInformatica Inc.COM CL A79,187$1.29M0.2%+79,187NewHistory
0000000000Stock286,881$1.27M0.2%+286,881New–
SLAMSlam Corp.CL A SHS115,082$1.16M0.2%00.0%UnchangedHistory
Inseego Corp.45782BAD6NOTE 3.250% 5/0–$1.04M0.1%–––
SVF Investment Corp.G8601L102CL A SHS100,000$1.01M0.1%00.0%Unchanged–
TECKTeck Resources LtdCL B26,130$988.2K0.1%−2,258−8.0%ReducedHistory
JWSMFJaws Mustang Acquisition CorpSHS CL A96,487$975.0K0.1%00.0%UnchangedHistory
Churchill Capital Corp V17144T107COM CL A78,396$779.3K0.1%00.0%Unchanged–
WPCAWarburg Pincus Capital Corp I-ASHS CL A70,488$711.9K0.1%00.0%UnchangedHistory
Panacea Acquisition Corp. IIG6882C106CL A SHS59,681$599.8K0.1%00.0%Unchanged–
New Vista Acquisition CorpG6529L105CL A SHS52,821$533.2K0.1%00.0%Unchanged–
Blueriver Acquisition CorpG1261Q107SHS CL A50,004$504.5K0.1%00.0%Unchanged–
MSDAMSD Acquisition Corp.CLASS A ORD SHS24,300$245.2K<0.1%00.0%UnchangedHistory
ITRGIntegra Resources Corp.COM NEW311,664$197.3K<0.1%−607,515−66.1%ReducedHistory
Gol Linhas Aereas Inteligent38045R206SPON ADR PFD NEW25,553$68.2K<0.1%00.0%Unchanged–
Skillsoft Corp.83066P119*W EXP 06/11/202450,630$57.2K<0.1%00.0%Unchanged–
Ahren Acquisition Corp.G01322125*W EXP 12/09/202175,000$14.9K<0.1%−200,000−53.3%Reduced–
Apollo Strategic GRWT CPTL IG0412A128*W EXP 02/12/20229,824$4.17K<0.1%00.0%Unchanged–
Ross Acquisition Corp IIG7641C114*W EXP 02/01/20250,164$2.51K<0.1%−175,000−77.7%Reduced–
Allego N VN0796A118*W EXP 03/16/20224,328$2.43K<0.1%00.0%Unchanged–
Slam Corp.G8210L121*W EXP 02/23/20225,020$2.20K<0.1%00.0%Unchanged–
JWSWFJaws Mustang Acquisition Corp*W EXP 01/30/20224,121$1.57K<0.1%00.0%UnchangedHistory
Sonder Holdings Inc.83542D110CALL EXP31JAN2218,898$1.53K<0.1%00.0%Unchanged–
SBIGWSBIG Holdings, Inc.*W EXP 06/14/20250,000$1.05K<0.1%00.0%UnchangedHistory
New Vista Acquisition CorpG6529L121*W EXP 02/01/20217,607$1.02K<0.1%00.0%Unchanged–
Tritium DCFC Ltd -CW24Q9225T116TRITIUM DCFC LTD3,333$977<0.1%+3,333New–
Blueriver Acquisition CorpG1261Q115*W EXP 01/04/20216,639$265<0.1%00.0%Unchanged–
Lazard Growth Acquisition CoG54035111*W EXP 02/10/20233,075$198<0.1%00.0%Unchanged–

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 Q4 2022
SecurityClassPutsCalls
IAGIamgold CorpCOM$1.29M–
GEOGeo Group IncCOM–$273.8K

Sold out since Q3 2022 (84)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Polygon Management Ltd. sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
Chesapeake Energy Corp165167172*W EXP 99/99/999417,255$31.8M3.8%–
United States STL Corp New912909AT5NOTE 5.000%11/0–$31.2M3.8%–
Chesapeake Energy Corp165167180*W EXP 03/01/202123,265$9.03M1.1%–
TCVATCV Acquisition Corp.CL A SHS900,000$8.82M1.1%History
HERAFTAC Hera Acquisition Corp.CLASS A ORD SHS805,000$7.99M1.0%History
G Squared Ascend I IncG4204R109SHS CL A750,000$7.44M0.9%–
Pathfinder Acquisition CorpG04119106CL A735,615$7.31M0.9%–
DHB Capital Corp23291W109CL A COM587,267$5.78M0.7%–
World Quantum Growth AcquisiG5596W101SHS CL A575,000$5.77M0.7%–
TCW Special Purpose Acqu Cor87301L106COM CL A573,982$5.63M0.7%–
THCPThunder Bridge Capital Partners IV, Inc.CLASS A COM500,000$4.87M0.6%History
Sound Point Acquisition CorpG8274F101CLASS A ORD SHS400,000$4.08M0.5%–
MicroStrategy Inc594972AE1NOTE 2/1–$3.41M0.4%–
CVIIChurchill Capital Corp VIICOM CL A272,508$2.68M0.3%History
7 Acquisition CorpG80694105SHS CL A200,492$2.02M0.2%–
KKR Acquisition Holding I Co48253T109COM CLASS A124,802$1.23M0.1%–
FVIVFortress Value Acquisition Corp. IVCOM CL A117,295$1.15M0.1%History
Gores Technology Partners IN382870103CLASS A COM106,170$1.04M0.1%–
CONXCONX Corp.COM CL A104,242$1.04M0.1%History
Gores Holdings VII Inc38286T101COM CL A101,500$1.00M0.1%–
Social Capital Hedosopha HLDG8251L105SHS CL A99,789$998.0K0.1%–
FVTFortress Value Acquisition Corp. IIICOM CL A98,539$976.0K0.1%History
ALBAlbemarle CorpStock3,185$842.0K0.1%History
Bridgetown Holdings LtdG1355U113COM CL A66,889$671.0K0.1%–
Social Capital Hedosopha HLDG82514103SHS CL A50,554$506.0K0.1%–
HBMHudbay Minerals Inc.COM107,437$432.0K0.1%History
Compute Health Acquisitin Co204833107COM CL A25,000$247.0K<0.1%–
Hennessy Capital Invs Corp V42589T107COM CL A11,915$118.0K<0.1%–
PRENWPrenetics Global Ltd*W EXP 05/18/202108,333$49.0K<0.1%History
Byte Acquisition CorpG1R25Q113*W EXP 03/18/202425,000$42.0K<0.1%–
Revelstone Capital Acqstn Co76137R114*W EXP 09/15/202375,000$38.0K<0.1%–
GROVWGrove Collaborative Holdings, Inc.*W EXP 06/16/202150,000$38.0K<0.1%History
Healthcare AI Acquisition Corp.G4373K117*W EXP 99/99/999250,000$36.0K<0.1%–
Portage Fintech Acquisitn CoG7185D114*W EXP 07/08/202162,502$33.0K<0.1%–
Heartland Media Acquisition Corp.42237V116*W EXP 99/99/999287,500$32.0K<0.1%–
Sound Point Acquisition CorpG8274F119*W EXP 02/25/202200,000$31.0K<0.1%–
Forbion European Acqustn CorG3619H110*W EXP 12/10/202150,000$30.0K<0.1%–
Summit Healthcre Acquistn CoG8566R110*W EXP 06/03/202187,500$28.0K<0.1%–
KKR Acquisition Holding I Co48253T117*W EXP 99/99/999206,200$25.0K<0.1%–
Virgin Orbit Holdings, Inc.92771A119*W EXP 99/99/99981,773$24.0K<0.1%–
Fortress Value Acquisi Corp34964K116*W EXP 03/18/202133,449$23.0K<0.1%–
Gores Hldgs VIII Inc382863116*W EXP 03/01/20224,262$23.0K<0.1%–
Alpha Healthcare Acqu Corp I02073F112*W EXP 04/01/20275,000$22.0K<0.1%–
7 Acquisition CorpG80694113*W EXP 11/05/202150,246$21.0K<0.1%–
Tio Tech AG8T10C114*W EXP 04/12/202249,999$19.0K<0.1%–
Black Spade Acquisition CoG11537118*W EXP 99/99/999162,500$19.0K<0.1%–
Landcadia Holdings IV, Inc.51477A112*W EXP 03/29/202100,000$18.0K<0.1%–
Peridot Acquisition Corp. IIG7008B121*W EXP 04/30/202140,000$17.0K<0.1%–
Post Holdings Partnering Cor737465112*W EXP 04/12/202150,000$16.0K<0.1%–
Accelerate Acquisition Corp.00439D110*W EXP 06/15/202200,000$14.0K<0.1%–
Gores Technology Partners II38287L115*W EXP 03/16/20288,184$14.0K<0.1%–
Jaws Hurricane Acquisitn Cor47201B111*W EXP 03/26/20275,000$14.0K<0.1%–
Corsair Partnering CorpG2540H116*W EXP 07/06/202166,666$14.0K<0.1%–
TCW Special Purpose Acqu Cor87301L114*W EXP 99/99/999216,666$13.0K<0.1%–
Austerlitz Acquisition CorpG0633U127*W EXP 02/19/202125,000$13.0K<0.1%–
FTAC Hera Acquisition Corp.G3728Y111*W EXP 02/28/202150,000$13.0K<0.1%–
Agile Growth Corp.G01202111*W EXP 03/09/202185,544$12.0K<0.1%–
Valor Latitude Acquisitn CorG9460N122*W EXP 04/02/202100,000$12.0K<0.1%–
Independence Holdings CorpG4761A127*W EXP 03/31/202120,000$11.0K<0.1%–
G Squared Ascend II IncG42041122*W EXP 12/31/202108,333$11.0K<0.1%–
Big Sky Growth Partners, Inc.08954L110*W EXP 04/01/202125,000$10.0K<0.1%–
DHB Capital Corp23291W117*W EXP 03/31/202174,257$9.00K<0.1%–
Gores Holdings VII Inc38286T119*W EXP 02/25/20277,962$9.00K<0.1%–
Sandbridge X2 Corp799792114*W EXP 03/11/202183,333$9.00K<0.1%–
Warburg Pincus Captal Corp IG9460M124*W EXP 99/99/999149,400$9.00K<0.1%–
Thunder BRDG Cap Prtnrs IV I88605L115*W EXP 04/30/202100,000$9.00K<0.1%–
World Quantum Growth AcquisiG5596W127*W EXP 08/04/202187,500$9.00K<0.1%–
G Squared Ascend I IncG4204R117*W EXP 02/01/202100,000$8.00K<0.1%–
Austerlitz Acquisition CorpG0633D125*W EXP 02/19/20281,250$8.00K<0.1%–
CIIG Capital Partners II, Inc.12561U117*W EXP 02/28/20275,000$8.00K<0.1%–
Esgen Acquisition CorpG3R95N111*W EXP 10/18/202100,000$8.00K<0.1%–
Churchill Capital Corp VII17144M110*W EXP 02/29/20254,501$7.00K<0.1%–
Silver Spike Acquisitn CorpG8201H113*W EXP 02/26/202132,550$7.00K<0.1%–
Gores Technology Partners IN382870111*W EXP 03/16/20221,234$6.00K<0.1%–
Catcha Investment CorpG1962Y110*W EXP 99/99/999135,956$6.00K<0.1%–
TB SA Acquisition CorpG8657L121*W EXP 03/25/202116,666$6.00K<0.1%–
Warburg Pincus Captal Corp IG9461D115*W EXP 99/99/99964,098$6.00K<0.1%–
AUROWAurora Innovation, Inc.EQUITY WRT12,500$6.00K<0.1%History
Catalyst Partnrs Acquisitn CG19550121*W EXP 05/12/20250,000$6.00K<0.1%–
Twelve Seas Investment Co. II90118T114*W EXP 03/02/202104,978$5.00K<0.1%–
Ascendant Digital Acq Corp IG05157113*W EXP 99/99/999100,000$5.00K<0.1%–
Bigbear AI Hldgs Inc08975B117*W EXP 99/99/99925,000$4.00K<0.1%–
Pathfinder Acquisition CorpG04119122*W EXP 02/19/202127,123$3.00K<0.1%–
Tailwind Internatnal Acq CorG8662F119*W EXP 03/01/202133,333$3.00K<0.1%–