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Livermore
Livermore
ZHEN

Shaolin Capital Management LLC

SEC CIK
0001766806
Latest filing
Aug 14, 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.

Institution overview
Positions
316
+49 vs. Q2 2025
Portfolio value
$2.09B
−$204.8M (−8.9%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Shaolin Capital Management LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Apollo Global Mgmt Inc03769M304SER A MAND CNV2,850,000$201.0M9.6%+700,000+32.6%Added–
HPE.PCHewlett Packard Enterprise Co7.625 MAND CONV2,554,385$174.3M8.3%+389,385+18.0%AddedHistory
Duke Energy CORP26441CBY0NOTE 4.125% 4/1–$170.2M8.1%–––
CNX Res Corp12653CAG3NOTE 2.250% 5/0–$159.5M7.6%–––
BA.PABoeing CoDEP CONV PFD A1,454,795$102.5M4.9%+306,448+26.7%AddedHistory
Firstenergy Corp337932AR8NOTE 4.000% 5/0–$97.9M4.7%–––
Dropbox, Inc.26210CAD6NOTE 3/0–$77.6M3.7%–––
TheRealReal, Inc.88339PAJ0DEBT 4.000% 2/1–$62.3M3.0%–––
Peabody Engr Corp704551AD2NOTE 3.250% 3/0–$62.3M3.0%–––
Uber Technologies, Inc90353TAJ9NOTE 12/1–$54.3M2.6%–New–
TXNM Energy Inc69349HAF4NOTE 5.750% 6/0–$50.5M2.4%–––
Spotify USA Inc84921RAB6NOTE 3/1–$44.4M2.1%–New–
Pennymac Corp70932AAF0NOTE 5.500% 3/1–$44.0M2.1%–––
Dropbox, Inc.26210CAC8NOTE 3/0–$34.6M1.7%–New–
PureCycle Technologies, Inc.74623VAB9NOTE 7.250% 8/1–$32.3M1.5%–––
Dynavax Technologies Corp268158AD4NOTE 2.500% 5/1–$31.9M1.5%–––
NEE.PSNextera Energy IncUNIT 06/01/2027535,000$26.8M1.3%+535,000NewHistory
Ford MTR Co Del345370CZ1NOTE 3/1–$25.3M1.2%–New–
Q2 Hldgs Inc74736LAF6NOTE 0.125%11/1–$23.0M1.1%–New–
IRENIREN LtdORDINARY SHARES386,697$18.1M0.9%+386,697NewHistory
WOLFWolfspeed, Inc.COMMON STOCK591,613$16.9M0.8%+591,613NewHistory
Gossamer Bio, Inc.38341PAA0NOTE 5.000% 6/0–$15.9M0.8%–––
BTDRBitdeer Technologies GroupCL A ORD SHS823,501$14.1M0.7%+173,834+26.8%AddedHistory
Pinnacle West Cap Corp723484AK7NOTE 4.750% 6/1–$13.6M0.7%–––
Shopify Inc.82509LAA5NOTE 0.125%11/0–$12.2M0.6%–New–
MCHPMicrochip Technology IncStock189,261$12.2M0.6%−24,302−11.4%ReducedHistory
OTGAUOTG Acquisition Corp. IUNIT 09/05/20301,150,000$11.6M0.6%+1,150,000NewHistory
LCIDLucid Group, Inc.Stock486,472$11.6M0.6%+486,472NewHistory
NEENextera Energy IncStock147,274$11.1M0.5%−810,706−84.6%ReducedHistory
GSRFUGSR IV Acquisition Corp.UNIT 08/22/2030900,000$9.12M0.4%+900,000NewHistory
HVMCUHighview Merger Corp.UNIT 07/24/2030840,000$8.50M0.4%+840,000NewHistory
KCHVKochav Defense Acquisition Corp.SHS CL A800,000$8.02M0.4%+800,000NewHistory
DMIIUDrugs Made In America Acquisition II Corp.UNIT 09/16/2030800,000$7.96M0.4%+800,000NewHistory
BCARD. Boral ARC Acquisition I Corp.SHS CL A799,000$7.93M0.4%+799,000NewHistory
LITELumentum Holdings Inc.COM47,000$7.65M0.4%+47,000NewHistory
Penn Natl Gaming Inc707569AU3NOTE 2.750% 5/1–$7.32M0.3%–New–
Spring Vy Acquisition Corp IG8377R127UNIT 09/04/2030700,000$7.20M0.3%+700,000New–
PACHPioneer Acquisition I CorpCL A ORD SHS700,000$6.97M0.3%+700,000NewHistory
Silvia, Inc.G2296A109SHS CL A682,005$6.90M0.3%+407,005+148.0%Added–
MBVIUM3-Brigade Acquisition VI Corp.UNIT 08/18/2030650,000$6.58M0.3%+650,000NewHistory
NMPNMP Acquisition Corp.CL A650,000$6.45M0.3%+650,000NewHistory
MCHPPMicrochip Technology IncDEP SHS REPSTG105,753$6.27M0.3%+105,753NewHistory
SOCASolarius Capital Acquisition Corp.SHS CL A604,600$6.02M0.3%+604,600NewHistory
EVACEQV Ventures Acquisition Corp. IICOM600,000$5.97M0.3%+600,000NewHistory
VNMEVendome Acquisition Corp ICOM CL A590,907$5.87M0.3%+590,907NewHistory
MKLYUMcKinley Acquisition CorpUNIT 07/25/2030550,000$5.49M0.3%+550,000NewHistory
BLUWBlue Water Acquisition Corp. IIIORD SHS CL A547,806$5.46M0.3%+547,806NewHistory
GTERAGloba Terra Acquisition CorpCL A ORD SHS545,400$5.44M0.3%+545,400NewHistory
Zynga Inc98986TAD0NOTE 12/1–$5.39M0.3%–––
DDOGDatadog, Inc.CL A COM37,750$5.38M0.3%+6,050+19.1%AddedHistory
Workiva Inc98139AAB1NOTE 1.125% 8/1–$5.31M0.3%–––
Factorial Energy Inc.G19307100COM CL A500,000$5.02M0.2%−300,000−37.5%Reduced–
BLZRUTrailblazer Acquisition Corp.UNIT 08/21/2030488,524$5.00M0.2%+488,524NewHistory
BOXBox IncCL A154,326$4.98M0.2%+83,399+117.6%AddedHistory
PAIIPyrophyte Acquisition Corp. IICL A SHS500,000$4.98M0.2%+500,000NewHistory
LWACLightWave Acquisition Corp.USD CL A ORD SHS500,000$4.97M0.2%+500,000NewHistory
GTENGores Holdings X, Inc.SHS CL A450,000$4.59M0.2%−522,889−53.7%ReducedHistory
KIM.PNKimco Realty CorpDP CV CL N 7.25%75,991$4.56M0.2%−22,197,359−99.7%ReducedHistory
COPLCopley Acquisition CorpORD SHS CL A450,000$4.55M0.2%−150,000−25.0%ReducedHistory
BDCIUBTC Development Corp.UNIT 09/11/2030449,480$4.54M0.2%+449,480NewHistory
LATAUGalata Acquisition Corp. IIUNIT 09/12/2030450,000$4.49M0.2%+450,000NewHistory
INACIndigo Acquisition Corp.ORD SHS450,000$4.49M0.2%+450,000NewHistory
SPEGSilver Pegasus Acquisition Corp.SHS CL A450,000$4.49M0.2%+450,000NewHistory
AXINAxiom Intelligence Acquisition Corp 1COM450,000$4.48M0.2%+450,000NewHistory
SZZLSizzle Acquisition Corp. IIUSD CL A ORD SHS434,972$4.38M0.2%−115,028−20.9%ReducedHistory
Agriculture & Nat Sol Acq CoG0131Y100SHS CL A400,000$4.36M0.2%−1170.0%Reduced–
FIGXFIGX Capital Acquisition Corp.USD CL A ORD SHS434,900$4.34M0.2%+434,900NewHistory
Bain Capital GSS Investment Corp.G0R78B122COM429,842$4.34M0.2%+429,842New–
NPACNew Providence Acquisition Corp. III/CaymanCOM425,000$4.32M0.2%+25,000+6.3%AddedHistory
LPAALaunch One Acquisition Corp.SHS CLASS A400,000$4.20M0.2%+50,000+14.3%AddedHistory
SDHISiddhi Acquisition Corp (Cayman Islands)CL A SHS411,268$4.17M0.2%−88,732−17.7%ReducedHistory
PCAPProCap Acquisition CorpSHS CL A400,000$4.11M0.2%+400,000NewHistory
KFIIK&F Growth Acquisition Corp. IISHS CL A402,141$4.11M0.2%+2,141+0.5%AddedHistory
JENAJena Acquisition Corp IIUSD CL A ORD SHS400,000$4.06M0.2%+400,000NewHistory
WENNWEN Acquisition CorpCOM400,000$4.05M0.2%+400,000NewHistory
KOYNUCSLM Digital Asset Acquisition Corp III, LtdUNIT 08/12/2030400,000$4.04M0.2%+400,000NewHistory
SOULSoulpower Acquisition Corp.USD CL A ORD SHS400,000$4.04M0.2%00.0%UnchangedHistory
ORIQOrigin Investment Corp IORD SHS400,000$4.02M0.2%+400,000NewHistory
CCIICohen Circle Acquisition Corp. IICOM395,153$4.01M0.2%+395,153NewHistory
EGHAEGH Acquisition Corp.SHS CL A400,000$4.00M0.2%+400,000NewHistory
CHECUChenghe Acquisition III Co.UNIT 09/09/2030400,000$3.99M0.2%+400,000NewHistory
AEXAAmerican Exceptionalism Acquisition Corp. AORD CL A350,000$3.83M0.2%+350,000NewHistory
CVLTCommvault Systems IncCOM20,100$3.79M0.2%+20,100NewHistory
Artius II Acquisition IncG0509J115SHS CL A371,756$3.78M0.2%+221,756+147.8%Added–
TVAIThayer Ventures Acquisition Corp IICL A375,000$3.77M0.2%+375,000NewHistory
MTSIMACOM Technology Solutions Holdings, Inc.COM30,000$3.73M0.2%+3,500+13.2%AddedHistory
APACUStoneBridge Acquisition II CorpUNIT 09/09/2030370,000$3.69M0.2%+370,000NewHistory
OACCOaktree Acquisition Corp. III Life SciencesSHS CL A350,866$3.69M0.2%+156,104+80.2%AddedHistory
HYACHaymaker Acquisition Corp VCLASS A325,000$3.69M0.2%+200,000+160.0%AddedHistory
Churchill Capital Corp IX/CaymanG21301109CL A SHS350,000$3.67M0.2%+150,000+75.0%Added–
CHPGChampionsGate Acquisition CorpSHS CL A360,021$3.63M0.2%+100,018+38.5%AddedHistory
DRDBRoman DBDR Acquisition Corp. IICOM350,000$3.61M0.2%+149,647+74.7%AddedHistory
GSHRGesher Acquisition Corp. IIUSD CL A ORD SHS350,000$3.55M0.2%00.0%UnchangedHistory
WTGWintergreen Acquisition Corp.SHS352,753$3.55M0.2%+352,753NewHistory
LCCCLakeshore Acquisition III Corp.USD ORD SHS350,100$3.53M0.2%−200,000−36.4%ReducedHistory
PMTRPerimeter Acquisition Corp. ICOM CL A342,829$3.49M0.2%−283,606−45.3%ReducedHistory
BACCBlue Acquisition Corp/CaymanORD SHS CL A320,000$3.20M0.2%+320,000NewHistory
Voyager Acquisition CorpG93A7H104CL A300,000$3.15M0.2%00.0%Unchanged–
FACTFACT II Acquisition Corp.ORD SHS CL A303,750$3.13M0.1%+200,000+192.8%AddedHistory
XRPNArmada Acquisition Corp. IICOM300,000$3.13M0.1%−250,000−45.5%ReducedHistory

Options (11)

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

Option positions of Shaolin Capital Management LLC in Q3 2025
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$83.3M–
LCIDLucid Group, Inc.Stock$39.5M–
BTUPeabody Energy CorpCOM–$19.4M
NEENextera Energy IncStock–$18.9M
PCTPureCycle Technologies, Inc.COM$14.8M$3.29M
HPEHewlett Packard Enterprise CoCOM$12.3M–
FOURShift4 Payments, Inc.CL A$11.6M–
PAASPan American Silver CorpStock$9.68M–
MCHPMicrochip Technology IncStock–$4.82M
DDOGDatadog, Inc.CL A COM–$3.56M
GMEGameStop Corp.Stock–$2.05M

Sold out since Q2 2025 (62)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Shaolin Capital Management LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
Cinemark Hldgs Inc17243VAB8NOTE 4.500% 8/1–$160.2M7.0%–
Evergy, Inc.30034WAD8NOTE 4.500%12/1–$137.8M6.0%–
American Airls Group Inc02376RAF9NOTE 6.500% 7/0–$122.5M5.3%–
Integra Lifesciences Hldgs C457985AM1NOTE 0.500% 8/1–$86.9M3.8%–
On Semiconductor Corp682189AS4NOTE 5/0–$63.7M2.8%–
Western Digital Corp958102AT2NOTE 3.000%11/1–$45.0M2.0%–
Cree Inc225447AD3NOTE 1.750% 5/0–$39.2M1.7%–
Pebblebrook Hotel Tr70509VAA8NOTE 1.750%12/1–$35.5M1.5%–
Wec Energy Group, Inc.92939UAP1NOTE 4.375% 6/0–$31.1M1.4%–
Green Plains Inc.393222AK0NOTE 2.250% 3/1–$21.7M0.9%–
BLUWUBlue Water Acquisition Corp. IIIUNIT 05/23/2030907,459$9.08M0.4%History
Jena Acquisition Corp IIG5093B121UNIT 99/99/9999800,000$8.22M0.4%–
FLYYSpirit Aviation Holdings, Inc.COM1,413,482$7.05M0.3%History
PACHUPioneer Acquisition I CorpUNIT 06/16/2030650,000$6.50M0.3%History
KCHVUKochav Defense Acquisition Corp.UNIT 05/21/2030600,000$6.11M0.3%History
EGHAUEGH Acquisition Corp.UNIT 99/99/9999500,000$5.09M0.2%History
BACCUBlue Acquisition Corp/CaymanUNIT 06/02/2030500,000$5.02M0.2%History
TVAIUThayer Ventures Acquisition Corp IIUNIT 05/15/2030450,000$4.57M0.2%History
AXINUAxiom Intelligence Acquisition Corp 1UNIT 06/10/2030450,000$4.54M0.2%History
OBAWUOxley Bridge Acquisition LtdUNIT 06/17/2030440,000$4.40M0.2%History
Infleqtion, Inc.G2130T124UNIT 05/14/2030425,000$4.38M0.2%–
LWACULightWave Acquisition Corp.UNIT 06/06/2030400,000$4.02M0.2%History
FOURShift4 Payments, Inc.CL A34,154$3.39M0.1%History
WisdomTree Invts Inc97717PAD6NOTE 3.250% 6/1–$3.36M0.1%–
BBOTBridgeBio Oncology Therapeutics, Inc.CL A ORD SHS292,338$3.10M0.1%History
OYSEUOyster Enterprises II Acquisition CorpUNIT 05/22/2030300,000$3.04M0.1%History
GHGuardant Health, Inc.COM55,000$2.86M0.1%History
NCL Corp Ltd62886HAX9NOTE 5.375% 8/0–$2.84M0.1%–
LYFTLyft, Inc.CL A COM177,500$2.80M0.1%History
NETDNabors Energy Transition Corp. IICL A200,000$2.22M0.1%History
PCAPUProCap Acquisition CorpUNIT 05/16/2030183,937$1.97M0.1%History
WENNUWEN Acquisition CorpUNIT 05/16/2030158,824$1.68M0.1%History
WTGUUWintergreen Acquisition Corp.UNIT 05/21/2030150,053$1.51M0.1%History
FIGXUFIGX Capital Acquisition Corp.UNIT 06/17/2030138,756$1.39M0.1%History
SEDGSolaredge Technologies, Inc.COM66,800$1.36M0.1%History
Kodiak AI, Inc.G33033104SHS CLASS A100,000$1.13M<0.1%–
MCGAUYorkville Acquisition Corp.UNIT 06/06/2030100,000$1.13M<0.1%History
CEPOCantor Equity Partners I, Inc.COM90,000$1.07M<0.1%History
XMTRXometry, Inc.CLASS A COM21,790$736.3K<0.1%History
IMSRTerrestrial Energy Inc.SHS CL A50,000$555.0K<0.1%History
BSAAUBEST SPAC I Acquisition Corp.UNIT 05/27/203050,000$502.0K<0.1%History
Cohen Circle Acquisition CorG3730H106SHS CL A40,000$438.8K<0.1%–
dMY Squared Technology Group, Inc.233276112*W EXP 99/99/999175,000$334.3K<0.1%–
Cohen Circle Acquisition CorG3730H114*W EXP 01/31/202162,520$325.0K<0.1%–
BULLWWebull Corp*W EXP 04/10/20375,000$303.0K<0.1%History
Bitcoin Depot IN09174P113EQUITY WRT500,000$198.9K<0.1%–
PSECProspect Capital CorpCOM50,000$159.0K<0.1%History
Jvspac Acquisition CorpG5212E113RIGHT 11/26/202670,000$60.9K<0.1%–
CRMLWCritical Metals Corp.*W EXP 02/27/202127,377$58.1K<0.1%History
REALTheRealReal, Inc.COM10,556$50.6K<0.1%History
NXATWNexus Advanced Technologies Inc.*W EXP 05/14/203275,000$37.6K<0.1%History
Chenghe Acquisition II CoG20873116*W EXP 05/30/203249,300$21.9K<0.1%–
HPAIWHelport AI Ltd*W EXP 03/31/20290,000$19.8K<0.1%History
CRGOWFreightos Ltd*W EXP 99/99/99987,996$17.5K<0.1%History
Lavoro LtdG5391L110*W EXP 02/27/202453,401$16.1K<0.1%–
AENTWAlliance Entertainment Holding CorpCOM80,000$14.4K<0.1%History
BDMDWBaird Medical Investment Holdings Ltd*W EXP 10/01/202175,000$14.0K<0.1%History
UCFIWCN Healthy Food Tech Group Corp.*W EXP 99/99/999225,566$13.5K<0.1%History
NIOBWNiocorp Developments Ltd*W EXP 03/17/20225,000$12.7K<0.1%History
GCT Semiconductor Hldg Inc36170N115*W EXP 03/01/202105,363$10.2K<0.1%–
PSQ Holdings, Inc.693691115Warrant25,000$5.25K<0.1%–
Embrace Change Acquisitn CorG3034H125*W EXP 10/25/202190,000$3.80K<0.1%–