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Polygon Management Ltd.

SEC CIK
0001515070
Latest filing
Aug 12, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
36
+6 vs. Q1 2025
Portfolio value
$554.5M
+$242.7M (+77.8%) vs. Q1 2025
Filed
Aug 14, 2025
SEC
Holdings of Polygon Management Ltd. in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
PATHUiPath, Inc.Stock13,722,244$175.6M31.7%+4,772,244+53.3%AddedHistory
Alibaba Group Hldg Ltd01609WBG6NOTE 0.500% 6/0–$127.7M23.0%–New–
KGEIKolibri Global Energy Inc.COM NEW7,068,857$48.7M8.8%−1,7110.0%ReducedHistory
AUTLAutolus Therapeutics plcSPON ADS9,500,000$21.7M3.9%+900,000+10.5%AddedHistory
JD.com, Inc.47215PAJ5NOTE 0.250% 6/0–$20.9M3.8%–New–
CXMSprinklr, Inc.CL A2,200,000$18.6M3.4%00.0%UnchangedHistory
LYFTLyft, Inc.CL A COM1,000,000$15.8M2.8%00.0%UnchangedHistory
Lithium Amers Corp New53680QAA6NOTE 1.750% 1/1–$14.1M2.5%–––
Oatly Group AB67421JAC2NOTE 9.250% 9/1–$14.0M2.5%–––
Trip.com Group Ltd89677QAB3NOTE 0.750% 6/1–$11.1M2.0%–New–
WKWorkiva IncCOM CL A150,000$10.3M1.9%+150,000NewHistory
TARSTarsus Pharmaceuticals, Inc.COM250,000$10.1M1.8%+71,530+40.1%AddedHistory
First Majestic Silver Corp32076VAD5NOTE 0.375% 1/1–$7.29M1.3%–––
ANNXAnnexon, Inc.COM2,810,000$6.74M1.2%+160,000+6.0%AddedHistory
CLDXCelldex Therapeutics, Inc.COM NEW316,150$6.43M1.2%+55,150+21.1%AddedHistory
iShares Tr464288513IBOXX HI YD ETF68,660$5.54M1.0%+5,518+8.7%Added–
Cytokinetics Inc23282WAC4NOTE 3.500% 7/0–$5.39M1.0%–––
TECXTectonic Therapeutic, Inc.COM228,832$4.55M0.8%+41,332+22.0%AddedHistory
AXSMAxsome Therapeutics, Inc.COM41,531$4.34M0.8%+7,725+22.9%AddedHistory
SRRKScholar Rock Holding CorpCOM103,482$3.67M0.7%+103,482NewHistory
ACADAcadia Pharmaceuticals IncCOM161,396$3.48M0.6%+54,396+50.8%AddedHistory
PHVSPharvaris N.V.COM188,100$3.31M0.6%+61,105+48.1%AddedHistory
RLAYRelay Therapeutics, Inc.COM699,000$2.42M0.4%+80,000+12.9%AddedHistory
IMVTImmunovant, Inc.COM147,817$2.37M0.4%+16,650+12.7%AddedHistory
SNOWSnowflake Inc.Stock10,000$2.24M0.4%00.0%UnchangedHistory
KROSKeros Therapeutics, Inc.COM128,000$1.71M0.3%−55,000−30.1%ReducedHistory
CCJCameco CorpStock19,280$1.43M0.3%−2,020−9.5%ReducedHistory
AMLXAmylyx Pharmaceuticals, Inc.COM218,750$1.40M0.3%+218,750NewHistory
DYNDyne Therapeutics, Inc.COM138,375$1.32M0.2%+138,375NewHistory
HBMHudbay Minerals Inc.COM107,000$1.14M0.2%00.0%UnchangedHistory
ALKSAlkermes plc.SHS15,632$447.2K0.1%+15,632NewHistory
SQMChemical & Mining Co of Chile IncSPON ADR SER B7,700$271.6K<0.1%+7,700NewHistory
TECKTeck Resources LtdCL B6,368$257.1K<0.1%00.0%UnchangedHistory
YARWYarrow Bioscience, Inc.COM115,384$190.4K<0.1%+115,384NewHistory
Diana Shipping Inc.Y2066G138*W EXP 12/14/202301,200$24.1K<0.1%−600−0.2%Reduced–
Sonder Holdings Inc.83542D110CALL EXP31JAN2218,898$178<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 Q2 2025
SecurityClassPutsCalls
iShares Tr464288513IBOXX HI YD ETF$66.3M–

Sold out since Q1 2025 (4)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Polygon Management Ltd. sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
INFAInformatica Inc.COM CL A800,000$14.0M4.5%History
SSR MNG Inc784730AB9NOTE 2.500% 4/0–$4.08M1.3%–
BVNBuenaventura Mining Co IncSPONSORED ADR55,500$867.5K0.3%History
OTLYOatly Group ABSPONSORED ADS81,210$798.3K0.3%History