Highbridge Capital Management portfolio

What changed this quarter

247 positions with a change (66 new, 101 added to, 24 trimmed, 56 sold); also, 23 entered through an IPO, 10 exited through an acquisition or merger, 38 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Sharplink+1,984%more sharesIncreased
  0.4% → 3.7%
• Liberty Live Holdings+650%more sharesIncreased
  0.6% → 3.3%
• WIX−2.1 ppof portfolioSold out
  3.5% → —
• Kenvue+156%more sharesIncreased
  1.8% → 3.1%
• Enviri−1.9 ppof portfolioSold out
  3.1% → —
• BEL Fuse−1.4 ppof portfolioSold out
  2.3% → —
• Ishares Tr+1.3 ppof portfolioNew
  — → 1.3%
• People−98%fewer sharesReduced
  2.0% → under 0.1%
• Apogee Therapeutics+1.1 ppof portfolioNew
  — → 1.1%
• Drugs Made In America Acquisition II+896%more sharesIncreased
  0.2% → 1.2%
• Warner Bros. Discovery+134%more sharesIncreased
  1.3% → 1.9%
• Axiom Intelligence Acquisition Corp 1+267,082%more sharesIncreased
  under 0.1% → 1.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• AlphabetGOOGL(preferred)7.8%
• Super Micro Computer(preferred)7.1%
• Electronic ArtsEA6.1%
• SharplinkSBET3.7%
• Liberty Live HoldingsLLYVK3.3%
• KenvueKVUE3.1%
• Nextera Energy(preferred)2.1%
• Warner Bros. DiscoveryWBD1.9%
• Brighthouse FinancialBHF1.7%
• Northwestern Energy GroupNWE1.4%
• Ishares TrHYG1.3%
• Roman DBDR Acquisition Corp. IIDRDB1.2%
• Drugs Made In America Acquisition IIDMII1.2%
• Apogee Therapeutics1.1%
• Axiom Intelligence Acquisition Corp 1AXIN1.0%
• Apex TreasuryAPXT1.0%
• Hennessy Capital Investment Corp. VIIONEN1.0%
• FACT II AcquisitionFACT0.9%
• Bleichroeder Acquisiti0.9%
• Crown Reserve Acquisition Corp. ICRAC0.9%
• JAB Acquisition Corp IATLQU(unit)0.9%
• Apogee Acquisition2659054D0.9%
• M3-brigade Acquisition VIMBVI0.8%
• D. Boral ARC ACQ I0.8%
• Art Technology AcquisitionARTC0.8%
• Oceanhawk AcquisitionOHAC0.8%
• Disciplined GrowthDGAC/U(unit)0.8%
• Viking Acquisition Corp IVACI0.8%
• SPACSphere AcquisitionSSAC0.8%
• GigCapital9GIX0.7%
• Shift4 Pmts(preferred)0.7%
• Mountain Lake Acquisition Corp. IIMLAA0.7%
• K2 Capital AcquisitionKTWO0.7%
• EchoStarECHO0.7%
• RokuROKU0.6%
• Aeon Acquisition IAESPU(unit)0.6%
• Breeze Acquisition Corp. IIBREZ0.6%
• Texas Ventures Acquisition IIITVA0.6%
• ARC Group Acquisition IARCL0.6%
• Churchill Capital Corp IX/Cayman0.6%
• ELME CommunitiesELME0.6%
• GalaxyEdge AcquisitionGLED0.6%
• QuasarEdge AcquisitionQRED0.6%
• Copley AcquisitionCOPL0.6%
• Bold Eagle AcquisitionBEAG0.6%
• APEX Tech AcquisitionTRAD0.6%
• Future Money AcquisitionFMAC0.6%
• Pershing Square USAPSUS0.6%
• Shreya Acquisition GroupSAGU0.6%
• HCM III AcquisitionHCMA0.6%
• Star HoldingsSTHO0.6%
• Crane Harbor Acquisition Corp. IICRAN0.5%
• HCM IV AcquisitionHACQ0.5%
• PONO Capital FourPONO0.5%
• Plutonian Acquisition Corp IIPLUN0.5%
• Vernal Capital AcquisitionVECA0.5%
• Empery DigitalEMPD0.5%
• Ocean Capital AcquisitionOCAC/U(unit)0.5%
• Alpex AcquisitionALPXU(unit)0.5%
• XFLH CapitalXFLH0.5%
• BHAV AcquisitionBHAV0.5%
• Jackson Acquisition Company IIJACS0.5%
• Translational Development AcquisitionTDAC0.5%
• ClearThink 1 AcquisitionCTAA0.5%
• FG Imperii AcquisitionFGII0.5%
• Drugs Made In America AcquisitionDMAA0.5%
• SC II AcquisitionSCII0.5%
• Aperture ACAPUR0.5%
• Qdro AcquisitionQADR0.5%
• PubmaticPUBM0.5%
• WEN AcquisitionWENN0.5%
• Lionheart HoldingsCUB0.4%
• RMG ML Sports HoldingsSHOTU(unit)0.4%
• Futurewave AcquisitionFWACU(unit)0.4%
• Maywood Acquisition Corp. 2MYX0.4%
• Quantum Leap AcquisitionQLEP0.4%
• SUMA AcquisitionSUMA0.4%
• FreenomeFRNM0.4%
• Agriculture & Natural Solutions Acquisition0.4%
• Launch Two AcquisitionLPBB0.4%
• TOYOTOYO0.4%
• K&f Growth Acquisition Corp. IIKFII0.4%
• Berto AcquisitionTACO0.4%
• Starlink AI AcquisitionOTAI0.3%
• American Exceptionalism Acquisition Corp. AAEXA0.3%
• Lake Superior AcquisitionLKSP0.3%
• Andretti Acquisition Corp. IIPOLE0.3%
• Cantor Equity Partners VCEPV0.3%
• Cantor Equity Partners VIICAES0.3%
• Range Capital Acquisition Corp IIRNGT0.3%
• Galata Acquisition Corp. IILATA0.3%
• Mountain Crest Acquisition 6MCAH0.3%
• Armada Acquisition Corp. IIXRPN0.3%
• DauchDCH0.3%
• OPKO HealthOPK0.3%
• Newbridge AcquisitionNBRG0.3%
• Iron Horse Acquisition IIIRHO0.3%
• New Providence Acquisition Corp. III/CaymanNPAC0.3%