Polygon Management Ltd.
- SEC CIK
- 0001515070
- Latest filing
- Aug 12, 2026
Holdings in Q3 2025
Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.
- Positions
- 43
- +7 vs. Q2 2025
- Portfolio value
- $688.6M
- +$134.2M (+24.2%) vs. Q2 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| PATHUiPath, Inc. | Stock | 16,950,000 | $226.8M | 32.9% | +3,227,756+23.5% | Added | History |
| Alibaba Group Hldg Ltd01609WBG6 | NOTE 0.500% 6/0 | – | $174.8M | 25.4% | – | – | – |
| KGEIKolibri Global Energy Inc. | COM NEW | 7,070,568 | $39.2M | 5.7% | +1,7110.0% | Added | History |
| Lithium Amers Corp New53680QAA6 | NOTE 1.750% 1/1 | – | $24.6M | 3.6% | – | – | – |
| LYFTLyft, Inc. | CL A COM | 1,000,000 | $22.0M | 3.2% | 00.0% | Unchanged | History |
| Cable One, Inc.12685JAE5 | NOTE 3/1 | – | $20.8M | 3.0% | – | New | – |
| Progress Software Corp743312AB6 | NOTE 1.000% 4/1 | – | $20.6M | 3.0% | – | New | – |
| Oatly Group AB67421JAC2 | NOTE 9.250% 9/1 | – | $18.4M | 2.7% | – | – | – |
| CXMSprinklr, Inc. | CL A | 2,200,000 | $17.0M | 2.5% | 00.0% | Unchanged | History |
| AUTLAutolus Therapeutics plc | SPON ADS | 9,500,000 | $15.5M | 2.2% | 00.0% | Unchanged | History |
| WKWorkiva Inc | COM CL A | 150,000 | $12.9M | 1.9% | 00.0% | Unchanged | History |
| First Majestic Silver Corp32076VAD5 | NOTE 0.375% 1/1 | – | $7.97M | 1.2% | – | – | – |
| CLDXCelldex Therapeutics, Inc. | COM NEW | 303,600 | $7.85M | 1.1% | −12,550−4.0% | Reduced | History |
| Celcuity Inc.15102KAA8 | NOTE 2.750% 8/0 | – | $7.44M | 1.1% | – | New | – |
| TARSTarsus Pharmaceuticals, Inc. | COM | 125,000 | $7.43M | 1.1% | −125,000−50.0% | Reduced | History |
| ANNXAnnexon, Inc. | COM | 2,112,455 | $6.44M | 0.9% | −697,545−24.8% | Reduced | History |
| iShares Tr464288513 | IBOXX HI YD ETF | 72,961 | $5.92M | 0.9% | +4,301+6.3% | Added | – |
| AXSMAxsome Therapeutics, Inc. | COM | 46,456 | $5.64M | 0.8% | +4,925+11.9% | Added | History |
| PHVSPharvaris N.V. | COM | 194,612 | $4.86M | 0.7% | +6,512+3.5% | Added | History |
| SRRKScholar Rock Holding Corp | COM | 117,882 | $4.39M | 0.6% | +14,400+13.9% | Added | History |
| TECXTectonic Therapeutic, Inc. | COM | 243,728 | $3.82M | 0.6% | +14,896+6.5% | Added | History |
| AMLXAmylyx Pharmaceuticals, Inc. | COM | 258,242 | $3.51M | 0.5% | +39,492+18.1% | Added | History |
| MBXMBX Biosciences, Inc. | COM | 177,840 | $3.11M | 0.5% | +177,840 | New | History |
| IMVTImmunovant, Inc. | COM | 188,379 | $3.04M | 0.4% | +40,562+27.4% | Added | History |
| DYNDyne Therapeutics, Inc. | COM | 223,181 | $2.82M | 0.4% | +84,806+61.3% | Added | History |
| ARWRArrowhead Pharmaceuticals, Inc. | COM | 81,841 | $2.82M | 0.4% | +81,841 | New | History |
| ALKSAlkermes plc. | SHS | 89,612 | $2.69M | 0.4% | +73,980+473.3% | Added | History |
| ABVXAbivax S.A. | SPONSORED ADS | 30,000 | $2.55M | 0.4% | +30,000 | New | History |
| SNOWSnowflake Inc. | Stock | 10,000 | $2.26M | 0.3% | 00.0% | Unchanged | History |
| ACADAcadia Pharmaceuticals Inc | COM | 86,071 | $1.84M | 0.3% | −75,325−46.7% | Reduced | History |
| HBMHudbay Minerals Inc. | COM | 117,500 | $1.78M | 0.3% | +10,500+9.8% | Added | History |
| CCJCameco Corp | Stock | 16,015 | $1.34M | 0.2% | −3,265−16.9% | Reduced | History |
| RLAYRelay Therapeutics, Inc. | COM | 223,123 | $1.16M | 0.2% | −475,877−68.1% | Reduced | History |
| FOLDAmicus Therapeutics, Inc. | COM | 121,212 | $955.2K | 0.1% | +121,212 | New | History |
| KRYSKrystal Biotech, Inc. | COM | 4,870 | $859.7K | 0.1% | +4,870 | New | History |
| TECKTeck Resources Ltd | CL B | 18,068 | $793.0K | 0.1% | +11,700+183.7% | Added | History |
| KROSKeros Therapeutics, Inc. | COM | 43,000 | $680.3K | 0.1% | −85,000−66.4% | Reduced | History |
| LARLithium Argentina AG | Stock | 200,000 | $668.0K | 0.1% | +200,000 | New | History |
| RAREUltragenyx Pharmaceutical Inc. | COM | 17,718 | $533.0K | 0.1% | +17,718 | New | History |
| WBIWaterBridge Infrastructure LLC | CL A SHS REPSTG | 20,000 | $504.4K | 0.1% | +20,000 | New | History |
| NXENexGen Energy Ltd. | COM | 42,000 | $375.9K | 0.1% | +42,000 | New | History |
| Diana Shipping Inc.Y2066G138 | *W EXP 12/14/202 | 233,400 | $22.8K | <0.1% | −67,800−22.5% | Reduced | – |
| Sonder Holdings Inc.83542D110 | CALL EXP31JAN22 | 18,898 | $204 | <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.
| Security | Class | Puts | Calls |
|---|---|---|---|
| iShares Tr464288513 | IBOXX HI YD ETF | $59.0M | – |
Sold out since Q2 2025 (5)
Positions held at the end of Q2 2025 that are gone from this filing.
| Security | Class | Shares in Q2 2025 | Value in Q2 2025 | % of portfolio in Q2 2025 | History |
|---|---|---|---|---|---|
| JD.com, Inc.47215PAJ5 | NOTE 0.250% 6/0 | – | $20.9M | 3.8% | – |
| Trip.com Group Ltd89677QAB3 | NOTE 0.750% 6/1 | – | $11.1M | 2.0% | – |
| Cytokinetics Inc23282WAC4 | NOTE 3.500% 7/0 | – | $5.39M | 1.0% | – |
| SQMChemical & Mining Co of Chile Inc | SPON ADR SER B | 7,700 | $271.6K | <0.1% | History |
| YARWYarrow Bioscience, Inc. | COM | 115,384 | $190.4K | <0.1% | History |