Who are PAII's closest competitors?

The closest Shell Companies peers to Pyrophyte (PAII) are CCXIW, APXT, APXTU. Compare valuation, margins, growth, and insider activity side by side.

How does PAII compare to Shell Companies peers?

Side-by-side comparison of Pyrophyte (PAII) against industry peers — P/E, ROE, margins, growth rates, and smart-money positioning.

Which Shell Companies stocks have the highest insider activity?

Rank Shell Companies peers by recent insider buying, congressional activity, and hedge-fund accumulation.

PAII vs CCXIW, APXT, APXTU

$10.33

+0.00 (+0.00%)

Weekly Expected Move ±0.2%

$10 $10 $10 $10 $10

NYSE · Financial Services · Shell Companies · Tech Score Buy · Power 62 · $356.3M mcap · 20M float · 0.144% daily turnover · Short 30% of daily vol

Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Dividends Analysis Technicals Weather Peers ESG Institutions Dark Pool Short Interest

#? of ?

Shell Companies

Financial Services · Small Cap · 371 peers

Technical Signal Map

162 Bullish

46 Neutral

164 Bearish

6 Bullish

5 Neutral

10 Bearish

313 Bullish

109 Neutral

694 Bearish

Peer Comparison

Symbol	Mkt Cap	P/E	ROE %	ROIC %	Net Mgn %	Rev Grw %	Piotroski	Signal	1Y Ret %
PAII Pyrophyte Acquisition Corp. II	$360M	—	—	—	—	—	—	BULLISH	—
XRPNW Armada Acquisition Corp. II	$2.0B	338.1	-14.8	1.7	—	—	2	BULLISH	—
JENA-UN Jena Acquisition Corporation II	$310M	—	—	—	—	—	—	BULLISH	6.3
XFLH XFLH Capital Corporation	$140M	—	—	—	—	—	—	BULLISH	—
DTSQU DT Cloud Star Acquisition Corporation	$120M	76.1	1.8	-4.3	—	-100.0	2	BULLISH	12.2
XRPNU Armada Acquisition Corp. II â Units	$1.4B	338.1	-14.8	1.7	—	—	2	BULLISH	—
TLNC Talon Capital Corp. Class A Ordinary Shares	$350M	—	—	—	—	—	—	BULLISH	—
SOUL Soulpower Acquisition Corp.	$270M	39.5	3.0	-0.8	—	—	3	BULLISH	4.0
COPL Copley Acquisition Corp	$250M	—	—	—	—	—	—	BULLISH	4.6
LPAA Launch One Acquisition Corp.	$320M	41.7	3.2	-0.8	—	—	3	BULLISH	3.0
OBA Oxley Bridge Acquisition Limited	$330M	27.8	2.4	-0.1	—	—	2	BULLISH	4.8
ALUB-UN Alussa Energy Acquisition Corp.	$260M	—	—	—	—	—	—	BULLISH	—
SCGX Saxon Capital Group, Inc.	$160M	-1184.2	-65.2	-55.5	-539.7	—	2	BULLISH	33.3
SBXE SilverBox Corp V	$350M	—	—	—	—	—	—	BULLISH	—
SHOTU RMG ML Sports Holdings	$220M	—	—	—	—	—	—	BULLISH	—
KRSP-UN Rice Acquisition Corporation 3	$490M	—	—	—	—	—	—	BULLISH	4.8
WENN Wen Acquisition Corp Class A Ordinary Shares	$390M	—	—	—	—	—	—	BULLISH	2.6
TACH Titan Acquisition Corp.	$360M	33.6	3.1	-0.8	—	—	3	BULLISH	4.2
GSHR Gesher Acquisition Corp. II	$220M	46.2	1.3	-0.5	—	—	2	BULLISH	4.0
CRAC Crown Reserve Acquisition Corp. I	$190M	—	—	—	—	—	—	BULLISH	—
EGHA EGH Acquisition Corp. Class A Ordinary Shares	$160M	—	—	—	—	—	—	BULLISH	4.2
EMIS Emmis Acquisition Corp.	$160M	—	—	—	—	—	—	BULLISH	—
LKSP Lake Superior Acquisition Corp.	$160M	50.5	1.3	-0.5	—	—	2	BULLISH	—
HAVA Harvard Ave Acquisition Corporation Class A Ordinary Share	$160M	97.8	2.2	-0.4	—	—	4	BULLISH	—
KCHV Kochav Defense Acquisition Corp.	$360M	—	—	—	—	—	—	BULLISH	4.4
DVTC Development Technologies Corp.	$330M	—	—	—	—	—	—	BULLISH	20.0
LEGO Legato Merger Corp. IV	$320M	—	—	—	—	—	—	BULLISH	3.4
SVAQ Silicon Valley Acquisition Corp. Class A Ordinary Shares	$220M	—	—	—	—	—	—	BULLISH	—
IGACU Invest Green Acquisition Corporation	$190M	105.4	13.1	-1.4	—	—	4	BULLISH	2.0
AACPU Apogee Acquisition Corp Units	$190M	—	—	—	—	—	—	BULLISH	—
ETSS Energy Transition Special Opportunities	$150M	—	—	—	—	—	—	BULLISH	—
WLIIU Willow Lane Acquisition Corp. II Unit	$140M	—	—	—	—	—	—	BULLISH	—
DSACW Daedalus Special Acquisition Corp.	$410M	56.5	1.5	-0.7	—	—	2	BULLISH	—
RNGTU Range Capital Acquisition Corp II Units	$210M	—	—	—	—	—	—	BULLISH	—
QSEAU Quartzsea Acquisition Corporation Units	$130M	83.4	1.3	-0.5	—	—	2	BULLISH	5.6
HAVAU Harvard Ave Acquisition Corporation Unit	$150M	107.0	853.7	-0.3	—	—	3	BULLISH	—
LPCV Launchpad Cadenza Acquisition Corp I Class A Ordinary Share	$230M	—	—	—	—	—	—	BULLISH	—
RDAG Republic Digital Acquisition Company Class A	$390M	—	—	—	—	—	—	BULLISH	1.9
SPEG Silver Pegasus Acquisition Corp.	$120M	145.1	0.9	-0.3	—	—	2	BULLISH	4.0
KPET KPET Ultra Paceline Corporation	$290M	—	—	—	—	—	—	BULLISH	—
DAAQ Digital Asset Acquisition Corp.	$180M	25.2	1.4	-0.3	—	—	2	BULLISH	0.1
IACO Idea Acquisition Corp. Class A Ordinary Shares	$440M	—	—	—	—	—	—	BULLISH	—
DMAAU Drugs Made In America Acquisition Corp. Units	$360M	55.4	3.3	-1.9	—	—	3	BULLISH	5.8
NPAC New Providence Acquisition Corp. III	$330M	43.5	-40.6	14.6	—	—	2	BULLISH	2.3
DMAA Drugs Made In America Acquisition Corp. Ordinary Shares	$260M	55.4	3.3	-1.9	—	—	3	BULLISH	6.0
SVCCU Stellar V Capital Corp.	$230M	46.5	2.9	-0.7	—	—	2	BULLISH	4.5
CHEC Chenghe Acquisition III Co. Class A Ordinary Share	$180M	—	—	—	—	—	—	BULLISH	—
PGACU Pantages Capital Acquisition Corp	$120M	45.7	-75.6	99.3	—	—	2	BULLISH	7.8
LPBBU Launch Two Acquisition Corp.	$310M	41.3	3.2	-0.7	—	—	3	BULLISH	1.8
SOUL-UN Soulpower Acquisition Corporation	$270M	39.5	3.0	-0.8	—	—	3	BULLISH	0.8
PCAP ProCap Acquisition Corp	$260M	31.6	1.6	-0.1	—	—	2	BULLISH	-0.7
IRHO Iron Horse Acquisitions II Corp. Common Stock	$240M	122.3	1.2	-0.5	—	—	2	BULLISH	—
GSRF GSR IV Acquisition Corp. Class A ordinary share	$240M	35.4	1.5	-0.3	—	—	2	BULLISH	—
TDWDU Tailwind 2.0 Acquisition Corp. Unit	$180M	—	—	—	—	—	—	BULLISH	—
CXII Churchill Capital Corp. Xii	$450M	—	—	—	—	—	—	BULLISH	—
YCY AA Mission Acquisition Corp. II	$150M	—	—	—	—	—	—	BULLISH	—
ALFUW Centurion Acquisition Corp.	$650M	40.9	4.2	-0.8	—	100.0	3	BULLISH	-0.1
FGIIU FG Imperii Acquisition Corp.	$230M	—	—	—	—	—	—	BULLISH	—
WPAC White Pearl Acquisition Corp.	$120M	—	—	—	—	—	—	BULLISH	—
LPCVU Launchpad Cadenza Acquisition Corp I	$240M	—	—	—	—	—	—	BULLISH	—
AXIN Axiom Intelligence Acquisition Corp 1	$350M	34.3	1.7	-0.4	—	—	2	BULLISH	3.9
BLZR Trailblazer Acquisition Corp.	$350M	—	—	—	—	—	—	BULLISH	—
SVCC Stellar V Capital Corp. Class A Ordinary Shares	$230M	46.5	2.9	-0.7	—	—	2	BULLISH	3.9
BRTMU B&R Technology Merger Corp.	$330M	—	—	—	—	—	—	BULLISH	—
SSACU SPACSphere Acquisition Corp.	$240M	—	—	—	—	—	—	BULLISH	—
AACO Abony Acquisition Corp. I Class A Ordinary Share	$240M	—	—	—	—	—	—	BULLISH	—
CAII Collective Acquisition Corp. II	$220M	—	—	—	—	—	—	BULLISH	—
SOCAU Solarius Capital Acquisition Corp	$200M	—	—	—	—	—	—	BULLISH	10.2
INAC Indigo Acquisition Corp.	$150M	29.6	2.4	-0.4	—	—	2	BULLISH	4.3
UAC United Acquisition Corp I	$140M	—	—	—	—	—	—	BULLISH	—
AESP Aeon Acquisition I Corp.	$140M	—	—	—	—	—	—	BULLISH	—
GTERA Globa Terra Acquisition Corporation	$190M	—	—	—	—	—	—	BULLISH	—
APXT Apex Treasury Corporation Class A	$1.9B	29.9	16.2	158.3	22.1	-18.1	5	BULLISH	0.6
SBXD-UN SilverBox Corp IV	$320M	50.0	2.5	-0.5	—	—	2	BULLISH	11.6
HVIIR Hennessy Capital Investment Corp. VII	$290M	40.4	2.0	-1.7	—	—	2	BULLISH	13.1
LAFA LaFayette Acquisition Corp. Ordinary Share	$160M	-116.8	1.3	-0.3	—	—	2	BULLISH	—
CHAR Charlton Aria Acquisition Corporation	$120M	43.9	3.1	-0.7	—	—	3	BULLISH	6.3
HACQU HCM IV Acquisition Corp. Unit	$260M	—	—	—	—	—	—	BULLISH	—
CUB Lionheart Holdings	$320M	198.4	0.9	-3.9	—	—	2	BULLISH	3.6
HCACU Hall Chadwick Acquisition Corp.	$260M	—	—	—	—	—	—	BULLISH	—
KOYN CSLM Digital Asset Acquisition Corp III Class A Ordinary Shares	$250M	27.5	1.2	-0.6	—	—	2	BULLISH	3.3
LATA Galata Acquisition Corp. II Class A Ordinary Shares	$180M	—	—	—	—	—	—	BULLISH	—
RDAGU Republic Digital Acquisition Company Unit	$390M	—	—	—	—	—	—	BULLISH	0.1
MESH Meshflow Acquisition Corp.	$440M	—	—	—	—	—	—	BULLISH	—
KFII K&F Growth Acquisition Corp. II Class A Ordinary shares	$420M	38.9	1.7	-0.1	—	—	2	BULLISH	4.5
GPAT GP-Act III Acquisition Corp.	$400M	45.6	4.6	-2.7	—	—	2	BULLISH	3.8
ALUB Alussa Energy Acquisition Corp. II	$360M	—	—	—	—	—	—	BULLISH	—
ATII Archimedes Tech SPAC Partners II Co. Ordinary Shares	$320M	-2.4	-135.5	-1.4	—	—	2	BULLISH	4.6
SORN Soren Acquisition Corp.	$260M	—	—	—	—	—	—	BULLISH	—
CCCTU Columbus Circle Capital Corp III	$200M	—	—	—	—	—	—	BULLISH	—
QRED Quasaredge Acquisition Corporation	$160M	—	—	—	—	—	—	BULLISH	—
ALPX Alpex Acquisition Corp.	$120M	—	—	—	—	—	—	BULLISH	—
DYOR Insight Digital Partners II	$180M	90.4	0.6	-0.1	—	—	2	BULLISH	—
MCGAU Yorkville Acquisition Corp. Unit	$180M	—	—	—	—	—	—	BULLISH	-5.7
KEYY Keystone Acquisition Corp.	$250M	—	—	—	—	—	—	BULLISH	—
DNMX Dynamix Corporation III Class A Ordinary Shares	$200M	—	—	—	—	—	—	BULLISH	—
RNGT Range Capital Acquisition Corp II Class A Ordinary Shares	$240M	—	—	—	—	—	—	BULLISH	—
KFIIU K&F Growth Acquisition Corp. II	$420M	38.9	1.7	-0.1	—	—	2	BULLISH	3.5
HVMCU Highview Merger Corp.	$250M	—	—	—	—	—	—	BULLISH	3.1
LATAU Galata Acquisition Corp. II Units	$180M	—	—	—	—	—	—	BULLISH	3.1
SDHI Siddhi Acquisition Corp	$370M	34.0	7.8	-0.3	—	—	4	BULLISH	-1.8
BLUW Blue Water Acquisition Corp III	$340M	—	—	—	—	—	—	BULLISH	3.5
TVAI Thayer Ventures Acquisition Corporation II Class A Ordinary Shares	$280M	40.2	1.2	-0.4	—	—	2	BULLISH	3.5
CAQUU Cambridge Acquisition Corp. Unit	$200M	—	—	—	—	—	—	BULLISH	—
GLED GalaxyEdge Acquisition Corporation	$160M	—	—	—	—	—	—	BULLISH	—
DMAAR Drugs Made In America Acquisition Corp. Rights	$290M	55.4	3.3	-1.9	—	—	3	BULLISH	-41.5
IACQU Irenic Acquisition Corp. Unit	$250M	—	—	—	—	—	—	BULLISH	—
IGAC Invest Green Acquisition Corp.	$180M	105.4	3.6	-0.8	—	—	3	BULLISH	2.5
BIDWU Tribeca Strategic Acquisition Corp. Unit	$150M	—	—	—	—	—	—	BULLISH	—
BEBE TGE Value Creative Solutions Corp	$150M	-30.9	-1.3	-5.1	0.0	4.0	5	BULLISH	944.7
THEO BOA Acquisition Corp. II	$140M	—	—	—	—	—	—	BULLISH	—
FXAC FortuneX Acquisition Corp	$130M	—	—	—	—	—	—	BULLISH	—
NPACU New Providence Acquisition Corp. III Units	$320M	43.5	-40.6	14.6	—	—	2	BULLISH	2.8
KOYNU CSLM Digital Asset Acquisition Corp III Units	$250M	27.5	1.2	-0.6	—	—	2	BULLISH	2.2
IRHOR Iron Horse Acquisitions Corp. II Rights	$210M	—	—	—	—	—	—	BULLISH	—
FIGXU FIGX Capital Acquisition Corp. Units	$200M	—	—	—	—	—	—	BULLISH	2.6
TAVI Tavia Acquisition Corp.	$170M	71.3	3.0	-4.3	—	—	3	BULLISH	4.1
WENNU WEN Acquisition Corp	$390M	—	—	—	—	—	—	BULLISH	2.0
IPEXR Inflection Point Acquisition Corp. V	$200M	—	—	—	—	—	—	BULLISH	—
AIIA AI Infrastructure Acquisition Corp.	$150M	—	—	—	—	—	—	BULLISH	—
PECEW Peace Acquisition Corp Warrant	$120M	—	—	—	—	—	—	BULLISH	—
BWIV Blue Water Acquisition Corp. IV	$180M	—	—	—	—	—	—	LEAN BULL	—
LWAC LightWave Acquisition Corp.	$310M	—	—	—	—	—	—	LEAN BULL	4.2
GIW GigCapital8 Corp.	$260M	—	—	—	—	—	—	LEAN BULL	—
FIGX FIGX Capital Acquisition Corp.	$200M	—	—	—	—	—	—	LEAN BULL	3.9
ONCH 1RT Acquisition Corp.	$180M	—	—	—	—	—	—	LEAN BULL	-0.2
TDWD Tailwind 2.0 Acquisition Corp. Class A Ordinary Shares	$150M	—	—	—	—	—	—	LEAN BULL	—
PLMKW Plum Acquisition Corp. IV	$290M	0.3	2.9	-1.0	—	—	3	LEAN BULL	58.0
GHXIU Gores Holdings XI, Inc.	$370M	—	—	—	—	—	—	LEAN BULL	—
JACS Jackson Acquisition Company II	$320M	36.4	3.5	-0.2	—	—	4	LEAN BULL	4.0
XCBE X3 Acquisition Corp. Ltd.	$280M	—	—	—	—	—	—	LEAN BULL	—
GSRFR GSR IV Acquisition Corp. Rights	$260M	35.4	1.5	-0.3	—	—	2	LEAN BULL	—
DYNC Dynamix Corporation	$240M	—	—	—	—	—	—	LEAN BULL	—
SCPQ Social Commerce Partners Corporation Class A Ordinary Shares	$140M	—	—	—	—	—	—	LEAN BULL	—
FERAR Fifth Era Acquisition Corp I	$340M	—	—	—	—	—	—	LEAN BULL	35.0
POLE Andretti Acquisition Corp. II	$320M	40.5	3.3	-0.6	—	—	4	LEAN BULL	2.7
HVMC Highview Merger Corp. Class A Ordinary Share	$300M	—	—	—	—	—	—	LEAN BULL	—
BDCIU BTC Development Corp. Unit	$270M	—	—	—	—	—	—	LEAN BULL	1.9
ALPXU Alpex Acquisition Corp	$120M	—	—	—	—	—	—	LEAN BULL	—
PMTR Perimeter Acquisition Corp. I Class A Ordinary Shares	$260M	—	—	—	—	—	—	LEAN BULL	1.8
CCCT Columbus Circle Cap Corp. Iii	$310M	—	—	—	—	—	—	LEAN BULL	—
EVOX Evolution Global Acquisition Corp Class A Ordinary Shares	$330M	-549.0	-0.9	-0.1	—	—	2	LEAN BULL	—
PACH Pioneer Acquisition I Corp	$330M	27.9	1.6	-0.2	—	—	2	LEAN BULL	4.4
CRAQ Cal Redwood Acquisition Corp.	$250M	—	—	—	—	—	—	LEAN BULL	4.1
BIXIU Bitcoin Infrastructure Acquisition Corp Ltd. Unit	$230M	—	—	—	—	—	—	LEAN BULL	—
MKLY McKinley Acquisition Corporation	$180M	—	—	—	—	—	—	LEAN BULL	—
TVA Texas Ventures Acquisition III Corp	$320M	—	—	—	—	—	—	LEAN BULL	-0.9
VHCP Vine Hill Capital Investment Corp. II Class A Ordinary Shares	$230M	—	—	—	—	—	—	LEAN BULL	—
APMC Ampercap Acquisition Co.	$200M	—	—	—	—	—	—	LEAN BULL	—
WENC West Enclave Merger Corp.	$160M	—	—	—	—	—	—	LEAN BULL	—
XSLLU Xsolla SPAC 1	$280M	—	—	—	—	—	—	LEAN BULL	—
JONEU Jones Ventures INTL Acquisition1 Corp	$210M	—	—	—	—	—	—	LEAN BULL	—
GPAC General Purpose Acquisition Corp.	$240M	-8.4	165.7	2.5	—	100.0	5	LEAN BULL	-6.8
SDHIU Siddhi Acquisition Corp Unit	$370M	34.0	7.8	-0.3	—	—	4	LEAN BULL	3.1
RFAI RF Acquisition Corp II Ordinary Shares	$320M	338.0	1.8	-3.0	—	—	3	LEAN BULL	259.6
ACAA Averin Capital Acquisition Corp.	$360M	—	—	—	—	—	—	LEAN BULL	—
ALOV Aldabra 4 Liquidity Opportunity Vehicle Inc.	$300M	—	—	—	—	—	—	LEAN BULL	—
FMAC Future Money Acquisition Corp	$160M	9.1	-144.0	24.8	—	—	2	LEAN BULL	1.8
MTAKU Market Technology Acquisition Corp.	$210M	—	—	—	—	—	—	LEAN BULL	—
FERA Fifth Era Acquisition Corp I Class A Ordinary Shares	$330M	—	—	—	—	—	—	LEAN BULL	3.7
PTACU Patriot Acquisition Corp.	$250M	—	—	—	—	—	—	LEAN BULL	—
BLRKU Bluerock Acquisition Corp.	$180M	—	—	—	—	—	—	LEAN BULL	—
IDACU Iron Dome Acquisition I Corp. Units	$200M	—	—	—	—	—	—	NEUTRAL	—
SOCA Solarius Capital Acquisition Corp.	$180M	—	—	—	—	—	—	NEUTRAL	4.0
TRAD APEX Tech Acquisition Inc.	$150M	—	—	—	—	—	—	NEUTRAL	—
OTAI Starlink Ai Acquisition Corp.	$140M	—	—	—	—	—	—	NEUTRAL	—
KTWO K2 Capital Acquisition Corporation	$140M	-25.4	-19.5	-11.0	-22.2	11.3	3	NEUTRAL	-47.8
RTAC Renatus Tactical Acquisition Corp I Class A Ordinary Shares	$330M	36.9	2.3	-0.4	—	—	2	NEUTRAL	-5.6
FACT FACT II Acquisition Corp	$260M	54.0	2.2	-1.6	—	-100.0	4	NEUTRAL	4.0
CXIIU Churchill Capital Corp XII Units	$460M	—	—	—	—	—	—	NEUTRAL	—
AACI Armada Acquisition Corp. III	$260M	125.6	1.3	-0.3	—	—	2	NEUTRAL	0.0
SZZL Sizzle Acquisition Corp. II	$250M	33.7	3.4	-0.5	—	—	2	NEUTRAL	3.8
MCGA Yorkville Acquisition Corp.	$180M	—	—	—	—	—	—	NEUTRAL	-2.9
ALDFU Aldel Financial II Inc.	$320M	30.0	2.8	-0.2	—	—	5	NEUTRAL	1.4
IPHXU Inflection Point Acquisition Corp. VIII	$250M	—	—	—	—	—	—	NEUTRAL	—
RFAM RF Acquisition Corp III Ordinary Shares	$140M	—	—	—	—	—	—	NEUTRAL	—
OTGA OTG Acquisition Corp. I Class A Ordinary Share	$360M	—	—	—	—	—	—	NEUTRAL	—
ZKP Lafayette Digital Acquisition Corp. I Class A Ordinary Shares	$390M	—	—	—	—	—	—	NEUTRAL	—
FCRS FutureCrest Acquisition Corp.	$370M	—	—	—	—	—	—	NEUTRAL	—
ATIIU Archimedes Tech SPAC Partners II Co. Unit	$310M	-2.4	-135.5	-1.4	—	—	2	NEUTRAL	9.9
ACAAU Averin Capital Acquisition Corp. Units	$290M	—	—	—	—	—	—	NEUTRAL	—
RFAIU RF Acquisition Corp II Unit	$660M	338.0	1.8	-3.0	—	—	3	NEUTRAL	327.5
EVAC EQV Ventures Acquisition Corp. II	$480M	—	—	—	—	—	—	N/A	—
OYSER Oyster Enterprises II Acquisition Corp	$410M	31.4	1.7	-0.1	—	—	2	NEUTRAL	-29.8
LOVIU Live Oak Acquisition Corp. VI Units	$230M	—	—	—	—	—	—	N/A	—
DGAC Disciplined Growth Acquisition Corp	$230M	—	—	—	—	—	—	NEUTRAL	—
WLII Willow Lane Acquisition Corp. II Class A Ordinary Shares	$210M	—	—	—	—	—	—	NEUTRAL	—
PNAQ Pinnacle Acquisition Corp.	$200M	—	—	—	—	—	—	N/A	—
ARCLU ARC Group Acquisition I Corp Unit	$160M	—	—	—	—	—	—	NEUTRAL	—
LEDRU Leader's Advantage Acquisition Corp. Units	$150M	—	—	—	—	—	—	N/A	—
BRRKU Bluerock Acquisition Corp. II	$150M	—	—	—	—	—	—	N/A	—
XIIIW Churchill Capital Corp XIII Warrants	$130M	—	—	—	—	—	—	N/A	—
YICCU Yorkville International Capital Corp.	$360M	—	—	—	—	—	—	NEUTRAL	—
ACGC ACP Holdings Acquisition Corp. Class A Ordinary Shares	$220M	—	—	—	—	—	—	NEUTRAL	—
MYXXW Maywood Acquisition Corp. 2 Warrants	$120M	—	—	—	—	—	—	NEUTRAL	—
SUMAU SUMA Acquisition Corporation	$150M	—	—	—	—	—	—	NEUTRAL	—
BRKH Burtech Acquisition Corp II	$120M	-15.3	-388.1	1077.9	-827.4	602.3	4	NEUTRAL	-9.0
ITHAU ITHAX Acquisition Corp III	$240M	—	—	—	—	—	—	NEUTRAL	—
THEOU Boa Acquisition Corp. Ii	$150M	—	—	—	—	—	—	NEUTRAL	—
AACOU Abony Acquisition Corp. I Units	$210M	—	—	—	—	—	—	NEUTRAL	—
NMP NMP Acquisition Corp.	$130M	36.9	1.9	-0.3	—	—	2	NEUTRAL	4.4
KRAQU KRAKacquisition Corp Unit	$350M	—	—	—	—	—	—	NEUTRAL	—
MTNE CH4 Natural Solutions Corporation	$300M	—	—	—	—	—	—	NEUTRAL	—
FDMMU Freedom Metals Acquisition Corp.	$280M	—	—	—	—	—	—	NEUTRAL	—
SAMO Samos Energy Acquisition Corp.	$230M	—	—	—	—	—	—	NEUTRAL	—
IDAC Iron Dome Acquisition I Corp.	$160M	—	—	—	—	—	—	NEUTRAL	—
SAGU Shreya Acquisition Group	$160M	—	—	—	—	—	—	NEUTRAL	—
TBCVU Thunder Bridge Capital Partners V L	$270M	—	—	—	—	—	—	NEUTRAL	—
TACO Berto Acquisition Corp.	$390M	31.7	1.1	-0.7	—	—	2	LEAN BEAR	0.6
WLCO Wilco 63 Corp.	$230M	—	—	—	—	—	—	LEAN BEAR	—
ZKPW Lafayette Digital Acquisition Corp. I Warrant 2026-16.12.30 On Lafayette Digital	$350M	—	—	—	—	—	—	LEAN BEAR	—
LAFAU LaFayette Acquisition Corp.	$140M	58.0	1.3	-0.3	—	—	2	LEAN BEAR	—
DMIIU Drugs Made In America Acquisition II Corp. Unit	$710M	—	—	—	—	—	—	LEAN BEAR	2.5
LPBB Launch Two Acquisition Corp. Class A	$310M	41.3	3.2	-0.7	—	—	3	LEAN BEAR	3.4
HCIC Hennessy Capital Investment Corp. VIII	$250M	150.2	8.0	-3.3	—	—	3	LEAN BEAR	2.0
ADAC American Drive Acquisition Company Class A Ordinary Shares	$230M	—	—	—	—	—	—	LEAN BEAR	—
BLZRU Trailblazer Acquisition Corp. Unit	$350M	—	—	—	—	—	—	LEAN BEAR	0.8
MBVI M3-Brigade Acquisition VI Corp. Class A Ordinary Shares	$350M	—	—	—	—	—	—	LEAN BEAR	—
OIMAU Oneim Acquisition Corp.	$300M	—	—	—	—	—	—	LEAN BEAR	—
FGII FG Imperii Acquisition Corp. Class A Ordinary Shares	$230M	—	—	—	—	—	—	LEAN BEAR	—
GIX GigCapital9 Corp. Class A Ordinary Share	$220M	—	—	—	—	—	—	LEAN BEAR	—
DNMXU Dynamix Corporation III	$200M	—	—	—	—	—	—	LEAN BEAR	—
CCII Cohen Circle Acquisition Corp. II	$360M	42.9	1.5	-0.3	—	—	2	LEAN BEAR	1.8
MUZE Muzero Acquisition Corp Class A Ordinary Shares	$210M	—	—	—	—	—	—	LEAN BEAR	—
CTAA ClearThink 1 Acquisition Corp. Class A Ordinary Shares	$120M	—	—	—	—	—	—	LEAN BEAR	—
HLXC Helix Acquisition Corp. III Class A Ordinary Shares	$190M	—	—	—	—	—	—	LEAN BEAR	—
TDAC Translational Development Acquisition Corp.	$270M	42.0	3.4	-0.9	—	-66.9	4	LEAN BEAR	4.6
IPFX Inflection Point Acquisition Corp. VI	$220M	—	—	—	—	—	—	LEAN BEAR	—
RANGR Range Capital Acquisition Corp.	$200M	46.0	5.2	-3.5	—	—	3	LEAN BEAR	-35.6
MBAV Velos Acquisition I Corp.	$390M	73.0	1.4	-2.5	—	—	2	LEAN BEAR	2.1
AAC-UN Ares Acquisition Corporation III	$500M	23933.3	-99.3	19.7	—	—	3	LEAN BEAR	-1.4
GHXIW Gores Holdings XI, Inc. Warrant	$370M	—	—	—	—	—	—	LEAN BEAR	—
EVOXU Evolution Global Acquisition Corp Units	$250M	—	—	—	—	—	—	LEAN BEAR	—
OTGAU OTG Acquisition Corp. I Unit	$250M	—	—	—	—	—	—	LEAN BEAR	3.3
GSHRU Gesher Acquisition Corp. II Units	$220M	46.2	1.3	-0.5	—	—	2	LEAN BEAR	1.1
ISNR Snow Rothschild Acquisition Corp.	$220M	—	—	—	—	—	—	LEAN BEAR	—
MZYX MOZAYYX Acquisition Corp.	$370M	—	—	—	—	—	—	LEAN BEAR	—
AXINU Axiom Intelligence Acquisition Corp 1 Units	$360M	34.3	2.0	-0.4	—	-286.5	4	LEAN BEAR	5.0
SUMA SUMA Acquisition Corporation Class A Ordinary Shares	$180M	—	—	—	—	—	—	LEAN BEAR	—
XIIIU Churchill Capital Corp XIII Units	$430M	—	—	—	—	—	—	LEAN BEAR	—
MIACU Meridian3 Industrials Acquisition Corp	$200M	—	—	—	—	—	—	LEAN BEAR	—
APXTU Apex Treasury Corporation	$1.9B	29.9	13.4	137.0	22.1	—	4	LEAN BEAR	—
XSLL Xsolla SPAC 1 Class A Ordinary Shares	$280M	—	—	—	—	—	—	LEAN BEAR	—
GCGRU General Catalyst Global Resilience Merger Corp. Units	$420M	—	—	—	—	—	—	LEAN BEAR	—
BLZRW Trailblazer Acquisition Corp. Warrant	$260M	—	—	—	—	—	—	BEARISH	—
IRHOU Iron Horse Acquisitions Corp. II Units	$240M	—	—	—	—	—	—	BEARISH	—
ADACW American Drive Acquisition Company Warrant	$220M	—	—	—	—	—	—	BEARISH	—
MLAAU Mountain Lake Acquisition Corp. II Units	$370M	—	—	—	—	—	—	BEARISH	—
AESPU Aeon Acquisition I Corp. Units	$150M	—	—	—	—	—	—	BEARISH	—
CTAAU ClearThink 1 Acquisition Corp.	$120M	—	—	—	—	—	—	BEARISH	—
TLNCU Talon Capital Corp.	$270M	—	—	—	—	—	—	BEARISH	4.1
SCIIU SC II Acquisition Corp. Units	$180M	—	—	—	—	—	—	BEARISH	—
NHICU NewHold Investment Corp III	$240M	864.0	-0.2	-2.7	—	—	1	BEARISH	-1.8
ARCL ARC Group Acquisition I Corp Class A Ordinary Shares	$180M	—	—	—	—	—	—	BEARISH	—
OCLTU OceanLight Acquisition Corporation Units	$120M	—	—	—	—	—	—	BEARISH	—
BCSS Bain Capital GSS Investment Cor	$480M	—	—	—	—	—	—	BEARISH	—
BACC Blue Acquisition Corp.	$290M	—	—	—	—	—	—	BEARISH	4.9
PLMKU Plum Acquisition Corp. I	$260M	0.3	2.9	-1.0	—	—	3	BEARISH	3.9
NMPAR NMP Acquisition Corp. Right	$190M	36.9	1.9	-0.3	—	—	2	BEARISH	—
SIMA SIM Acquisition Corp. I	$340M	46.8	5.8	-23.2	—	—	3	BEARISH	4.1
CGCF Cartesian Growth Corp. Iv	$270M	—	—	—	—	—	—	BEARISH	—
OIM OneIM Acquisition Corp. Class A Ordinary Shares	$300M	—	—	—	—	—	—	BEARISH	—
DGAC-UN Disciplined Growth Acquisition	$230M	—	—	—	—	—	—	BEARISH	—
KOYNW CSLM Digital Asset Acquisition Corp III Warrants	$220M	27.5	1.2	-0.6	—	—	2	BEARISH	—
MCGAW Yorkville Acquisition Corp. Wt	$180M	—	—	—	—	—	—	BEARISH	-80.2
CRAN Crane Harbor Acquisition Corp. II Class A Ordinary Shares	$470M	78.5	1.7	-0.1	—	—	2	BEARISH	—
BDCI BTC Development Corp. Class A Ordinary Shares	$350M	109.4	-48.6	4.1	—	—	2	BEARISH	—
CUBWU Lionheart Holdings Unit	$290M	198.4	0.9	-3.9	—	—	1	BEARISH	4.3
BIII-UN Black Spade Acquisition III Co	$230M	—	—	—	—	—	—	BEARISH	—
SVCCW Stellar V Capital Corp. Warrant	$200M	46.5	2.9	-0.7	—	—	2	BEARISH	—
LFAC Leapfrog Acquisition Corporation	$190M	36.8	2.1	-0.9	—	-199.8	3	BEARISH	-5.0
ONCHU 1RT Acquisition Corp. Units	$180M	—	—	—	—	—	—	BEARISH	-0.9
BACCU Blue Acquisition Corp. Unit	$300M	—	—	—	—	—	—	BEARISH	8.1
AMACU AMR Resources Acquisition Corp	$250M	—	—	—	—	—	—	BEARISH	—
ZKPU Lafayette Digital Acquisition Corp. I Unit	$250M	—	—	—	—	—	—	BEARISH	—
IPVVU InterPrivate Investment Partners V, Inc. Units	$200M	—	—	—	—	—	—	BEARISH	—
ATIIW Archimedes Tech SPAC Partners II Co. Warrant	$230M	-2.4	-135.5	-1.4	—	—	2	BEARISH	225.7
CCXI Churchill Capital Corp XI	$500M	-5.0	-74.2	-32.2	—	-46.6	3	BEARISH	-48.7
KRAQ KRAKacquisition Corp Class A Ordinary Shares	$430M	—	—	—	—	—	—	BEARISH	—
APMCU AmperCap Acquisition Company	$130M	—	—	—	—	—	—	BEARISH	—
CLBR Colombier Acquisition Corp. III	$310M	-171.1	-17.2	-9.5	—	-84.1	4	BEARISH	-0.9
SOCAW Solarius Capital Acquisition Corp. Warrant	$130M	—	—	—	—	—	—	BEARISH	—
PACHU Pioneer Acquisition I Corp Units	$330M	27.9	1.6	-0.2	—	—	2	BEARISH	3.6
SVIVU Spring Valley Acquisition Corp. IV Units	$320M	—	—	—	—	—	—	BEARISH	—
CRAQR Cal Redwood Acquisition Corp. Right	$190M	—	—	—	—	—	—	BEARISH	—
IRAB Iris Acquisition Corp II	$170M	—	—	—	—	—	—	BEARISH	—
BIXI Bitcoin Infrastructure Acquisition Corp Ltd.	$230M	—	—	—	—	—	—	BEARISH	—
WLCOU Wilco 63 Corporation	$230M	—	—	—	—	—	—	BEARISH	—
CEPV Cantor Equity Partners V, Inc. Class A Ordinary Shares	$260M	—	—	—	—	—	—	BEARISH	—
KCAC-UN Kensington Capital Acquisition Corp. IV	$240M	-34.3	-10.1	-10.0	-22.4	—	1	BEARISH	—
AEAQ Activate Energy Acquisition Corp.	$240M	—	—	—	—	—	—	BEARISH	—
AACP Apogee Acquisition Corp Class A Ordinary Shares	$180M	—	—	—	—	—	—	BEARISH	—
IEAG Infinite Eagle Acquisition Corp. Class A Ordinary Shares	$310M	—	—	—	—	—	—	BEARISH	—
GUAC Berto Acquisition Corp. II	$390M	—	—	—	—	—	—	BEARISH	—
RTACU Renatus Tactical Acquisition Corp I	$330M	36.9	2.3	-0.4	—	—	2	BEARISH	-6.1
RREVU RRE Ventures Acquisition Corp. Units	$250M	—	—	—	—	—	—	BEARISH	—
VHCPU Vine Hill Capital Investment Corp. II	$310M	—	—	—	—	—	—	BEARISH	—
PALOU Paloma Acquisition Corp I	$170M	—	—	—	—	—	—	BEARISH	—
MACIW Melar Acquisition Corp. I Warrant	$150M	55.2	3.9	-286.6	—	—	3	BEARISH	-63.7
BEAG Bold Eagle Acquisition Corp.	$340M	42.7	2.4	-0.4	—	—	3	BEARISH	2.6
OBAWU Oxley Bridge Acquisition Limited Unit	$320M	27.8	2.4	-0.1	—	—	2	BEARISH	3.7
LPAAU Launch One Acquisition Corp. Unit	$250M	41.7	3.2	-0.8	—	—	3	BEARISH	2.7
CAQ Cambridge Acquisition Corp. Class A Ordinary Shares	$250M	—	—	—	—	—	—	BEARISH	—
GTEN Gores Holdings X, Inc.	$470M	74.7	0.6	4.1	—	—	3	BEARISH	2.6
CCIIW Cohen Circle Acquisition Corp. II Warrant	$310M	42.9	1.5	-0.3	—	—	2	BEARISH	-30.0
PMTRU Perimeter Acquisition Corp. I	$250M	—	—	—	—	—	—	BEARISH	4.1
ITHAW ITHAX Acquisition Corp.	$180M	—	—	—	—	—	—	BEARISH	—
TVACU Texas Ventures Acquisition III Corp Units	$560M	-6.9	7.3	17.0	-8.1	—	2	BEARISH	-5.8
AEAQU Activate Energy Acquisition Corp. Unit	$240M	67.4	0.2	-0.1	—	—	2	BEARISH	—
CATLU Catalyst Acquisition Corp. Units	$200M	—	—	—	—	—	—	BEARISH	—
AACPW Apogee Acquisition Corp	$180M	—	—	—	—	—	—	BEARISH	—
CCXIW Churchill Capital Corp XI Warrants	$2.2B	—	—	—	—	—	—	BEARISH	—
NTWOW Newbury Street II Acquisition Corp	$500M	52.0	2.8	-1.1	—	—	3	BEARISH	578.1
GCGR General Catalyst Global Resilience Merger Corp.	$420M	—	—	—	—	—	—	BEARISH	—
AEXA American Exceptionalism Acquisition Corp. A	$390M	—	—	—	—	—	—	BEARISH	1.8
ALFUU Centurion Acquisition Corp. Unit	$390M	40.9	4.2	-0.8	—	100.0	3	BEARISH	2.4
MRCOU Mercator Acquisition Corp.	$330M	—	—	—	—	—	—	BEARISH	—
SDHIR Siddhi Acquisition Corp.	$310M	34.0	7.8	-0.3	—	—	4	BEARISH	—
HACQ HCM IV Acquisition Corp. Class A Ordinary Share	$290M	—	—	—	—	—	—	BEARISH	—
MACIU Melar Acquisition Corp. I	$250M	55.2	3.9	-286.6	—	—	3	BEARISH	7.2
PTORU Praetorian Acquisition Corp. Units	$220M	—	—	—	—	—	—	BEARISH	—
DBCA D. Boral Acquisition I Corp. Class A Ordinary Shares	$310M	—	—	—	—	—	—	BEARISH	—
SVIV Spring Valley Acquisition Corp. IV Class A Ordinary Shares	$230M	—	—	—	—	—	—	BEARISH	—
CEPO Cantor Equity Partners I, Inc. Class A Ordinary Shares	$220M	-39.3	-7.5	-0.5	—	—	3	BEARISH	2.7
BID Tribeca Strategic Acquisition Corp.	$200M	—	—	—	—	—	—	BEARISH	—
PAAC Proem Acquisition Corp I Ordinary Shares	$180M	—	—	—	—	—	—	BEARISH	—
BCCQ Bleichroeder Acquisition Corp. Iii	$300M	—	—	—	—	—	—	BEARISH	—
KBON Karbon Capital Partners Corp.	$360M	—	—	—	—	—	—	BEARISH	—
OACC Oaktree Acquisition Corp. II	$260M	38.0	3.6	-0.6	—	—	4	BEARISH	2.1
GSRV GSR V Acquisition Corp.	$370M	—	—	—	—	—	—	BEARISH	—
VACI-UN Viking Acquisition Corp. I	$230M	—	—	—	—	—	—	BEARISH	—
CCIIU Cohen Circle Acquisition Corp. II Unit	$360M	42.9	1.5	-0.3	—	—	2	BEARISH	1.4
ARCI Archimedes Tech SPAC Partners III Co.	$360M	—	—	—	—	—	—	BEARISH	—
CRANU Crane Harbor Acquisition Corp. II Units	$360M	171.8	1.8	-0.2	—	—	2	BEARISH	—
CAIIU Collective Acquisition Corp. II Units	$300M	—	—	—	—	—	—	BEARISH	—
WENNW Wen Acquisition Corp Warrant	$280M	—	—	—	—	—	—	BEARISH	-62.0
FACTU FACT II Acquisition Corp. Unit	$260M	54.0	2.2	-1.6	—	-100.0	4	BEARISH	4.4
HCMAU HCM III Acquisition Corp.	$230M	62.8	0.6	-0.3	—	—	2	BEARISH	1.2
ARCIU Archimedes Tech SPAC Partners III Co. Units	$210M	—	—	—	—	—	—	BEARISH	—
MAQCU Maquia Capital Acquisition Corporation	$210M	-16.9	-36.7	28.3	—	324.1	5	BEARISH	0.0
TVIVU Texas Ventures Acquisition IV Corp	$170M	—	—	—	—	—	—	BEARISH	—
DYNCW Dynamix Corporation Warrant - on Dynamix	$160M	—	—	—	—	—	—	BEARISH	—
LGYV Legacy Ventures International, Inc.	$130M	-1923.1	67.1	39.8	—	100.0	3	BEARISH	0.0
RAC Rithm Acquisition Corp.	$250M	35.5	3.7	-0.4	—	—	2	BEARISH	2.9
CHECU Chenghe Acquisition III Co. Units	$130M	—	—	—	—	—	—	BEARISH	2.7
BCCQU Bleichroeder Acquisition Corp. III	$350M	—	—	—	—	—	—	BEARISH	—
MRCOW Mercator Acquisition Corp. Warrant	$220M	—	—	—	—	—	—	BEARISH	—
CEPF Cantor Equity Partners IV, Inc. Class A Ordinary Shares	$470M	41.2	1.7	-0.1	—	—	2	BEARISH	0.5
GTENW Gores Holdings X, Inc. Warrants	$330M	74.7	0.6	4.1	—	—	3	BEARISH	—
GSRFU GSR IV Acquisition Corp. Units	$280M	—	—	—	—	—	—	BEARISH	3.9
GTENU Gores Holdings X, Inc. Units	$470M	74.7	0.6	4.1	—	—	3	BEARISH	2.5
TACOU Berto Acquisition Corp. Unit	$370M	63.2	1.1	-0.7	—	—	2	BEARISH	0.3
OACCU Oaktree Acquisition Corp. III Life Sciences Unit	$260M	38.0	3.6	-0.6	—	—	4	BEARISH	2.6
PUCKU Goal Acquisitions Corp.	$270M	-68.8	34.0	15.7	—	—	2	BEARISH	0.0
PTOR Praetorian Acquisition Corp.	$250M	—	—	—	—	—	—	BEARISH	—
OACCW Oaktree Acquisition Corp. III Life Sciences	$240M	38.0	1.5	-0.4	—	—	2	BEARISH	—
FTRA Futurecorp Space Acquisition 1	$230M	—	—	—	—	—	—	BEARISH	—
SAAQU Space Asset Acquisition Corp. Units	$200M	—	—	—	—	—	—	BEARISH	—
CEPS Cantor Equity Partners VI, Inc. Class A Ordinary Shares	$120M	—	—	—	—	—	—	BEARISH	—
IPFXW Inflection Point Acquisition Corp. VI Warrant	$120M	—	—	—	—	—	—	BEARISH	—
NWAX-UN New America Acquisition I Corp.	$500M	—	—	—	—	—	—	BEARISH	—
MTAL Metals Acquisition Corp. II	$390M	-17.7	-12.3	6.6	-47.0	-0.2	5	BEARISH	-0.8
SIMAU SIM Acquisition Corp. I Unit	$310M	46.8	-268.2	-23.2	—	—	3	BEARISH	2.6
IEAGU Infinite Eagle Acquisition Corp. Unit	$310M	—	—	—	—	—	—	BEARISH	—
FVAV Fortress Value Acquisition Corp. V	$290M	—	—	—	—	—	—	BEARISH	—
CAES Cantor Equity Partners Vii Inc.	$260M	—	—	—	—	—	—	BEARISH	—
IACQ Irenic Acquisition Corp.	$260M	—	—	—	—	—	—	BEARISH	—
SVAQU Silicon Valley Acquisition Corp. Units	$230M	—	—	—	—	—	—	BEARISH	—
IPFXU Inflection Point Acquisition Corp. VI Units	$230M	—	—	—	—	—	—	BEARISH	—
TMTS Spartacus Acquisition Corp. II	$230M	—	—	—	—	—	—	BEARISH	-2.9
DAAQU Digital Asset Acquisition Corp. Units	$220M	25.2	1.4	-0.3	—	—	2	BEARISH	0.2
RENEF Cartesian Growth Corporation II	$170M	—	—	—	—	—	—	BEARISH	—
PAII Pyrophyte Acquisition Corp. II	$360M	—	—	—	—	—	—	BULLISH	—
MFGI Merchants Financial Group, Inc.	$370M	10.4	9.1	22.5	18.9	9.0	8	BULLISH	68.5
MSBC Mission Bancorp	$360M	10.5	15.3	16.2	28.2	14.6	5	BULLISH	35.7
FUFUW BitFuFu Inc.	$360M	-2.0	-80.3	0.9	-48.1	-3.3	3	BULLISH	-37.5
KCLI Kansas City Life Insurance Company	$350M	15.3	3.6	3.4	6.2	1.2	5	BULLISH	12.5
RVRF River Financial Corp.	$370M	7.3	17.2	-21.5	23.4	11.5	8	BULLISH	34.6
GHXI Gores Holdings XI, Inc. Class A Ordinary Shares	$360M	—	—	—	—	—	—	NEUTRAL	—
GECCI Great Elm Capital Corp. 8.50% Notes DUE 2029	$350M	-1.6	13.5	9.2	74.5	75.4	7	NEUTRAL	1.4
OIG Orion180 Insurance Group, Inc. Class A	$370M	-0.1	559.5	-143.3	-25.3	109.5	3	N/A	-46.9
WDH Waterdrop Inc.	$370M	0.6	9.4	9.2	8.7	54.3	6	NEUTRAL	-44.4
NWFL Norwood Financial Corp.	$370M	10.8	11.2	-20.3	21.7	33.1	9	NEUTRAL	34.7
BRBS Blue Ridge Bankshares, Inc.	$350M	36.7	3.4	15.2	-0.7	-14.1	4	LEAN BEAR	-2.7
NECB Northeast Community Bancorp, Inc.	$370M	8.3	12.1	7.7	26.7	-4.4	5	LEAN BEAR	31.7
TSBK Timberland Bancorp, Inc.	$360M	11.3	11.9	12.4	36.3	1.8	7	BEARISH	39.3
FAHE The Fahey Banking Company	$360M	—	—	—	—	—	—	BEARISH	0.3
TREE LendingTree, Inc.	$340M	1.9	82.8	47.4	3.1	25.3	7	BEARISH	-61.9
SOR Source Capital, Inc.	$370M	7.4	19.4	18.3	106.6	20.4	5	BEARISH	0.7
CION CION Investment Corporation	$350M	25.9	1.8	3.7	98.0	42.8	6	BEARISH	-23.1
WSBF Waterstone Financial, Inc.	$360M	11.6	8.7	3.2	116.1	-16.8	6	BEARISH	30.2
GBLI Global Indemnity Group, LLC	$350M	10.3	4.9	-5.7	9.5	3.8	5	BEARISH	-16.2
HTT High Templar Tech Limited	$370M	3.6	3.4	-7.1	8933.0	—	2	BEARISH	-47.6
PAII Pyrophyte Acquisition Corp. II	$360M	—	—	—	—	—	—	BULLISH	—
ALORY Alior Bank S.A.	$9.7B	8.4	16.8	15.4	19.4	18.1	5	BULLISH	26.3
BDGSF Lion Finance Group PLC	$8.5B	2.4	27.3	14.4	50.7	2.3	5	BULLISH	90.0
ASXFF ASX Limited	$8.0B	23.5	25.6	55.5	20.0	-22.4	5	BULLISH	2.4
XRPNW Armada Acquisition Corp. II	$2.0B	338.1	-14.8	1.7	—	—	2	BULLISH	—
CBNK Capital Bancorp, Inc.	$660M	11.8	14.1	15.3	20.4	3.6	7	BULLISH	30.9
MFGI Merchants Financial Group, Inc.	$370M	10.4	9.1	22.5	18.9	9.0	8	BULLISH	68.5
SAZ Saratoga Investment Corp 8.50%	$320M	16.5	9.3	3.3	-17.5	5.4	4	BULLISH	2.7
JENA-UN Jena Acquisition Corporation II	$310M	—	—	—	—	—	—	BULLISH	6.3
XFLH XFLH Capital Corporation	$140M	—	—	—	—	—	—	BULLISH	—
DTSQU DT Cloud Star Acquisition Corporation	$120M	76.1	1.8	-4.3	—	-100.0	2	BULLISH	12.2
CRVL CorVel Corporation	$3.9B	33.5	30.8	58.3	12.5	7.0	8	BULLISH	2.6
XRPNU Armada Acquisition Corp. II â Units	$1.4B	338.1	-14.8	1.7	—	—	2	BULLISH	—
THVB Thomasville Bancshares, Inc.	$660M	15.1	14.8	8.7	28.6	5.9	6	BULLISH	18.8
OPRT Oportun Financial Corporation	$380M	20.9	5.0	0.7	3.6	12.0	8	BULLISH	37.6
MSBC Mission Bancorp	$360M	10.5	15.3	16.2	28.2	14.6	5	BULLISH	35.7
CFFI C&F Financial Corporation	$320M	11.0	11.2	-23.5	17.1	9.2	7	BULLISH	49.5
CD Chaince Digital Holdings Inc.	$540M	-74.7	-22.4	-109.4	-238.6	170.3	6	BULLISH	-63.9
TLNC Talon Capital Corp. Class A Ordinary Shares	$350M	—	—	—	—	—	—	BULLISH	—
SOUL Soulpower Acquisition Corp.	$270M	39.5	3.0	-0.8	—	—	3	BULLISH	4.0
COPL Copley Acquisition Corp	$250M	—	—	—	—	—	—	BULLISH	4.6
AMG Affiliated Managers Group, Inc.	$9.8B	11.9	27.3	10.2	28.4	24.5	7	BULLISH	60.8
JXN-PA Jackson Financial Inc.	$9.4B	164.4	1.0	0.0	389.9	18.6	7	BULLISH	0.0
VCTR Victory Capital Holdings, Inc.	$7.1B	20.6	19.0	17.0	32.0	51.5	7	BULLISH	82.4
ATLCL Atlanticus Holdings Corporation 6.125% Senior Notes due 2026	$1.7B	9.6	23.6	3.5	9.0	212.1	7	BULLISH	2.4
LPAA Launch One Acquisition Corp.	$320M	41.7	3.2	-0.8	—	—	3	BULLISH	3.0
SAY Saratoga Investment Corp.	$320M	16.5	9.3	3.3	-17.5	5.4	4	BULLISH	1.4
BCAL California BanCorp	$700M	11.7	10.6	21.8	25.4	-2.4	8	BULLISH	31.7
OBA Oxley Bridge Acquisition Limited	$330M	27.8	2.4	-0.1	—	—	2	BULLISH	4.8
FDBC Fidelity D & D Bancorp, Inc.	$320M	10.5	13.0	-9.0	21.1	9.8	7	BULLISH	28.1
ALUB-UN Alussa Energy Acquisition Corp.	$260M	—	—	—	—	—	—	BULLISH	—
SCGX Saxon Capital Group, Inc.	$160M	-1184.2	-65.2	-55.5	-539.7	—	2	BULLISH	33.3
SBXE SilverBox Corp V	$350M	—	—	—	—	—	—	BULLISH	—
SHOTU RMG ML Sports Holdings	$220M	—	—	—	—	—	—	BULLISH	—
DMII Drugs Made In America Acquisition II Corp. Ordinary Shares	$650M	0.3	1.8	-0.0	—	—	2	BULLISH	—
KRSP-UN Rice Acquisition Corporation 3	$490M	—	—	—	—	—	—	BULLISH	4.8
WENN Wen Acquisition Corp Class A Ordinary Shares	$390M	—	—	—	—	—	—	BULLISH	2.6
TACH Titan Acquisition Corp.	$360M	33.6	3.1	-0.8	—	—	3	BULLISH	4.2
GSHR Gesher Acquisition Corp. II	$220M	46.2	1.3	-0.5	—	—	2	BULLISH	4.0
CRAC Crown Reserve Acquisition Corp. I	$190M	—	—	—	—	—	—	BULLISH	—
EGHA EGH Acquisition Corp. Class A Ordinary Shares	$160M	—	—	—	—	—	—	BULLISH	4.2
EMIS Emmis Acquisition Corp.	$160M	—	—	—	—	—	—	BULLISH	—
LKSP Lake Superior Acquisition Corp.	$160M	50.5	1.3	-0.5	—	—	2	BULLISH	—
HAVA Harvard Ave Acquisition Corporation Class A Ordinary Share	$160M	97.8	2.2	-0.4	—	—	4	BULLISH	—
TVAVF Tel Aviv Stock Exchange Ltd.	$4.2B	49.9	42.2	71.8	42.6	34.9	9	BULLISH	87.1
SUGBY Suruga Bank Ltd.	$3.4B	11.7	11.4	-37.6	60.6	18.1	4	BULLISH	146.4
GRGCF Georgia Capital PLC	$1.9B	0.7	53.8	15.1	98.0	1237.1	7	BULLISH	85.4
KMPB Kemper Corporation 5.875% Fixed	$1.7B	-3.1	-19.3	-13.1	-42.5	-4.1	4	BULLISH	6.3
EGBN Eagle Bancorp, Inc.	$870M	-22.5	-3.3	-2.3	5.0	-11.4	3	BULLISH	40.6
WCCB West Coast Community Bancorp	$640M	11.9	14.1	20.6	27.6	38.8	7	BULLISH	43.9
DBIN Dacotah Banks, Inc.	$610M	12.7	10.5	10.3	17.0	19.4	6	BULLISH	28.4
KCHV Kochav Defense Acquisition Corp.	$360M	—	—	—	—	—	—	BULLISH	4.4
DVTC Development Technologies Corp.	$330M	—	—	—	—	—	—	BULLISH	20.0
LEGO Legato Merger Corp. IV	$320M	—	—	—	—	—	—	BULLISH	3.4
RILYG B. Riley Financial, Inc. 5.00% Senior Notes due 2026	$310M	0.4	-393.0	35.3	8.3	63.1	5	BULLISH	29.6
SVAQ Silicon Valley Acquisition Corp. Class A Ordinary Shares	$220M	—	—	—	—	—	—	BULLISH	—
IGACU Invest Green Acquisition Corporation	$190M	105.4	13.1	-1.4	—	—	4	BULLISH	2.0
AACPU Apogee Acquisition Corp Units	$190M	—	—	—	—	—	—	BULLISH	—
ETSS Energy Transition Special Opportunities	$150M	—	—	—	—	—	—	BULLISH	—
WLIIU Willow Lane Acquisition Corp. II Unit	$140M	—	—	—	—	—	—	BULLISH	—
TMS Teamshares Inc.	$550M	—	—	—	—	—	—	BULLISH	—
DSACW Daedalus Special Acquisition Corp.	$410M	56.5	1.5	-0.7	—	—	2	BULLISH	—
RNGTU Range Capital Acquisition Corp II Units	$210M	—	—	—	—	—	—	BULLISH	—
QSEAU Quartzsea Acquisition Corporation Units	$130M	83.4	1.3	-0.5	—	—	2	BULLISH	5.6
GDV-PH The Gabelli Dividend & Income Trust	$2.6B	5.2	29.8	18.9	139.5	157.2	6	BULLISH	-7.5
HAVAU Harvard Ave Acquisition Corporation Unit	$150M	107.0	853.7	-0.3	—	—	3	BULLISH	—
LPCV Launchpad Cadenza Acquisition Corp I Class A Ordinary Share	$230M	—	—	—	—	—	—	BULLISH	—
RDAG Republic Digital Acquisition Company Class A	$390M	—	—	—	—	—	—	BULLISH	1.9
SPEG Silver Pegasus Acquisition Corp.	$120M	145.1	0.9	-0.3	—	—	2	BULLISH	4.0
MFICL MidCap Financial Investment Corporation 8.00% Notes due 2028	$2.3B	-23.9	-2.4	2.7	-25.7	10.9	5	BULLISH	1.7
KPET KPET Ultra Paceline Corporation	$290M	—	—	—	—	—	—	BULLISH	—
DAAQ Digital Asset Acquisition Corp.	$180M	25.2	1.4	-0.3	—	—	2	BULLISH	0.1
MKTX MarketAxess Holdings Inc.	$5.8B	19.3	23.3	25.1	31.2	3.9	4	BULLISH	-3.5
RITPF RIT Capital Partners plc	$4.8B	4.9	24.7	23.1	2488.8	206.4	6	BULLISH	29.1
SAFT Safety Insurance Group, Inc.	$1.5B	22.2	7.8	-10.4	6.6	23.8	6	BULLISH	49.8
PFBC Preferred Bank	$1.3B	9.5	17.6	31.6	26.7	0.7	8	BULLISH	19.2
AMTB Amerant Bancorp Inc.	$1.2B	21.2	6.7	3.4	20.9	-3.1	7	BULLISH	54.8
FFMR First Farmers Financial Corporation	$770M	12.3	17.7	16.3	25.7	5.3	7	BULLISH	73.5
NMFCZ New Mountain Finance Corporation 8.250% Notes due 2028	$730M	-14.5	-4.1	2.2	104.6	-50.2	5	BULLISH	0.1
CRD-B Crawford & Company	$650M	26.4	12.9	11.7	4.1	-4.8	5	BULLISH	15.1
HEHSF Euronext Athens Holding S.A.	$610M	12.0	35.4	521.9	53.3	68.1	9	BULLISH	28.3
FWDI Forward Industries, Inc.	$600M	-0.7	-461.4	-8.1	-639.7	171.6	3	BULLISH	-69.5
AVBC Avidia Bancorp, Inc.	$450M	23.4	4.5	3.2	18.3	—	4	BULLISH	49.8
IACO Idea Acquisition Corp. Class A Ordinary Shares	$440M	—	—	—	—	—	—	BULLISH	—
DMAAU Drugs Made In America Acquisition Corp. Units	$360M	55.4	3.3	-1.9	—	—	3	BULLISH	5.8
NPAC New Providence Acquisition Corp. III	$330M	43.5	-40.6	14.6	—	—	2	BULLISH	2.3
VLOSU Velos Acquisition I Corp. Units Cons of 1 Sh + 1/2 Red Wt	$320M	—	—	—	—	—	—	BULLISH	—
WT WisdomTree, Inc.	$3.7B	43.5	18.7	13.0	25.0	37.1	6	BULLISH	80.0
PWP Perella Weinberg Partners	$1.6B	48.5	-12.2	107.5	3.4	-20.9	5	BULLISH	-23.5
DMAA Drugs Made In America Acquisition Corp. Ordinary Shares	$260M	55.4	3.3	-1.9	—	—	3	BULLISH	6.0
SVCCU Stellar V Capital Corp.	$230M	46.5	2.9	-0.7	—	—	2	BULLISH	4.5
CHEC Chenghe Acquisition III Co. Class A Ordinary Share	$180M	—	—	—	—	—	—	BULLISH	—
PGACU Pantages Capital Acquisition Corp	$120M	45.7	-75.6	99.3	—	—	2	BULLISH	7.8
ABGSF ABG Sundal Collier Holding ASA	$400M	9.5	31.4	52.9	18.9	9.7	4	BULLISH	13.7
LPBBU Launch Two Acquisition Corp.	$310M	41.3	3.2	-0.7	—	—	3	BULLISH	1.8
SOUL-UN Soulpower Acquisition Corporation	$270M	39.5	3.0	-0.8	—	—	3	BULLISH	0.8
PCAP ProCap Acquisition Corp	$260M	31.6	1.6	-0.1	—	—	2	BULLISH	-0.7
IRHO Iron Horse Acquisitions II Corp. Common Stock	$240M	122.3	1.2	-0.5	—	—	2	BULLISH	—
GSRF GSR IV Acquisition Corp. Class A ordinary share	$240M	35.4	1.5	-0.3	—	—	2	BULLISH	—
TDWDU Tailwind 2.0 Acquisition Corp. Unit	$180M	—	—	—	—	—	—	BULLISH	—
GRWXF Molten Ventures Ord	$1.6B	9.9	9.3	9.9	66.7	118.4	5	BULLISH	123.5
PWRL Powerlaw Corp. Common Stock	$490M	—	—	—	—	—	—	BULLISH	—
CXII Churchill Capital Corp. Xii	$450M	—	—	—	—	—	—	BULLISH	—
YCY AA Mission Acquisition Corp. II	$150M	—	—	—	—	—	—	BULLISH	—
AAMI Acadian Asset Management	$3.4B	33.2	200.4	49.4	14.2	31.3	6	BULLISH	103.7
DBRG DigitalBridge Group, Inc.	$3.0B	10.1	15.8	21.9	44.7	194.7	6	BULLISH	35.7
ALFUW Centurion Acquisition Corp.	$650M	40.9	4.2	-0.8	—	100.0	3	BULLISH	-0.1
CWBC Community West Bancshares	$560M	14.3	7.3	16.9	5.5	4.9	4	BULLISH	29.0
RILYT B. Riley Financial, Inc. 6.00% Senior Notes Due 2028	$310M	0.4	-393.0	35.3	8.3	63.1	5	BULLISH	51.0
FGIIU FG Imperii Acquisition Corp.	$230M	—	—	—	—	—	—	BULLISH	—
WPAC White Pearl Acquisition Corp.	$120M	—	—	—	—	—	—	BULLISH	—
BKCYF Bank of Cyprus Holdings Public Limited Company	$5.6B	3.9	16.0	-14.3	43.7	-24.2	6	BULLISH	41.5
TBCCF TBC Bank Group Plc	$3.8B	1.9	22.9	11.9	47.9	86.9	5	BULLISH	13.0
ASST Strive, Inc.	$3.0B	-0.2	-169.2	-6.2	-9650.2	1052.6	3	BULLISH	-40.2
RCBC River City Bank	$780M	10.0	10.8	33.7	25.0	1226.4	7	BULLISH	40.9
VALU Value Line, Inc.	$380M	19.2	20.8	12.5	44.7	-4.7	6	BULLISH	5.0
LPCVU Launchpad Cadenza Acquisition Corp I	$240M	—	—	—	—	—	—	BULLISH	—
MSBIP Midland States Bancorp, Inc.	$700M	20.7	7.5	-4.1	17.8	-19.9	8	BULLISH	4.2
BTGO BitGo Holdings, Inc.	$790M	-8.0	-18.8	1.6	-0.4	—	2	BULLISH	—
HACBY The Hachijuni Bank, Ltd.	$7.3B	17.5	6.1	12.9	17.5	69.8	5	BULLISH	58.2
HYKUF The Hyakugo Bank, Ltd.	$1.1B	20.1	5.7	7.1	21.0	46.2	5	BULLISH	inf
ORBS Eightco Holdings Inc.	$450M	-0.6	-80.3	-14.5	855.8	—	2	BULLISH	-85.7
AXIN Axiom Intelligence Acquisition Corp 1	$350M	34.3	1.7	-0.4	—	—	2	BULLISH	3.9
BLZR Trailblazer Acquisition Corp.	$350M	—	—	—	—	—	—	BULLISH	—
CLIUF City of London Investment Group PLC	$330M	13.9	30.2	33.5	33.5	28.3	8	BULLISH	49.9
SVCC Stellar V Capital Corp. Class A Ordinary Shares	$230M	46.5	2.9	-0.7	—	—	2	BULLISH	3.9
AMAL Amalgamated Financial Corp.	$1.4B	12.7	14.3	12.5	26.9	9.8	8	BULLISH	63.1
BRTMU B&R Technology Merger Corp.	$330M	—	—	—	—	—	—	BULLISH	—
FKKFY Fukuoka Financial Group, Inc.	$9.5B	16.1	7.6	1.8	26.3	15.8	6	BULLISH	89.8
WABC Westamerica Bancorporation	$1.4B	13.1	12.5	15.7	41.4	-8.5	5	BULLISH	20.4
OPY Oppenheimer Holdings Inc.	$1.3B	12.3	10.9	9.8	6.0	20.6	5	BULLISH	66.3
FUFUW BitFuFu Inc.	$360M	-2.0	-80.3	0.9	-48.1	-3.3	3	BULLISH	-37.5
SAT Saratoga Investment Corp 6.00%	$320M	16.5	9.3	3.3	-17.5	5.4	4	BULLISH	2.1
SSACU SPACSphere Acquisition Corp.	$240M	—	—	—	—	—	—	BULLISH	—
AACO Abony Acquisition Corp. I Class A Ordinary Share	$240M	—	—	—	—	—	—	BULLISH	—
CAII Collective Acquisition Corp. II	$220M	—	—	—	—	—	—	BULLISH	—
SOCAU Solarius Capital Acquisition Corp	$200M	—	—	—	—	—	—	BULLISH	10.2
INAC Indigo Acquisition Corp.	$150M	29.6	2.4	-0.4	—	—	2	BULLISH	4.3
UAC United Acquisition Corp I	$140M	—	—	—	—	—	—	BULLISH	—
AESP Aeon Acquisition I Corp.	$140M	—	—	—	—	—	—	BULLISH	—
RTBBF Rathbones Group Plc	$2.9B	12.4	13.7	-1150.3	9.6	38.9	6	BULLISH	8.4
SBET Sharplink, Inc.	$1.8B	-1.1	-183.6	5.7	-3420.1	1496.7	4	BULLISH	-46.2
DSFGY Dah Sing Financial Holdings Limited	$1.8B	7.1	10.3	12.9	41.9	-7.8	6	BULLISH	48.9
BSVN Bank7 Corp.	$530M	12.5	16.9	-723.2	28.8	-2.4	4	BULLISH	20.3
GTERA Globa Terra Acquisition Corporation	$190M	—	—	—	—	—	—	BULLISH	—
MTPOY Metropolitan Bank & Trust Company	$4.7B	5.7	12.5	14.5	21.7	34.5	2	BULLISH	-23.1
APXT Apex Treasury Corporation Class A	$1.9B	29.9	16.2	158.3	22.1	-18.1	5	BULLISH	0.6
SBXD-UN SilverBox Corp IV	$320M	50.0	2.5	-0.5	—	—	2	BULLISH	11.6
HVIIR Hennessy Capital Investment Corp. VII	$290M	40.4	2.0	-1.7	—	—	2	BULLISH	13.1
LAFA LaFayette Acquisition Corp. Ordinary Share	$160M	-116.8	1.3	-0.3	—	—	2	BULLISH	—
CHAR Charlton Aria Acquisition Corporation	$120M	43.9	3.1	-0.7	—	—	3	BULLISH	6.3
SAV Saratoga Investment Corp 7.50%	$400M	—	—	—	—	—	—	BULLISH	—
OPP-PC RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 6.00% Series C Term Preferred Stock	$310M	—	—	—	—	—	—	BULLISH	—
HACQU HCM IV Acquisition Corp. Unit	$260M	—	—	—	—	—	—	BULLISH	—
ILPMF Permanent TSB Group Holdings plc	$1.9B	16.0	11.1	6.4	8.7	38.5	6	BULLISH	36.5
SVCTF Senvest Capital Inc.	$770M	1.7	28.6	26.4	76.3	38.1	6	BULLISH	20.0
CUB Lionheart Holdings	$320M	198.4	0.9	-3.9	—	—	2	BULLISH	3.6
HCACU Hall Chadwick Acquisition Corp.	$260M	—	—	—	—	—	—	BULLISH	—
KOYN CSLM Digital Asset Acquisition Corp III Class A Ordinary Shares	$250M	27.5	1.2	-0.6	—	—	2	BULLISH	3.3
LATA Galata Acquisition Corp. II Class A Ordinary Shares	$180M	—	—	—	—	—	—	BULLISH	—
FCBC First Community Bankshares, Inc.	$910M	15.1	11.4	-8.6	329.4	-20.9	4	BULLISH	40.6
RDAGU Republic Digital Acquisition Company Unit	$390M	—	—	—	—	—	—	BULLISH	0.1
KCLI Kansas City Life Insurance Company	$350M	15.3	3.6	3.4	6.2	1.2	5	BULLISH	12.5
BCML BayCom Corp	$340M	26.0	3.9	7.4	-20.6	2.7	7	BULLISH	12.0
MRX Marex Group Limited	$5.2B	18.5	50.2	-55.6	13.2	956.3	6	BULLISH	137.4
PRCH Porch Group, Inc.	$2.0B	-141.2	27.5	-40.2	4.0	15.8	6	BULLISH	2.4
RRBI Red River Bancshares, Inc.	$680M	14.8	12.8	-8.4	26.7	7.6	8	BULLISH	60.7
MESH Meshflow Acquisition Corp.	$440M	—	—	—	—	—	—	BULLISH	—
KFII K&F Growth Acquisition Corp. II Class A Ordinary shares	$420M	38.9	1.7	-0.1	—	—	2	BULLISH	4.5
GPAT GP-Act III Acquisition Corp.	$400M	45.6	4.6	-2.7	—	—	2	BULLISH	3.8
ALUB Alussa Energy Acquisition Corp. II	$360M	—	—	—	—	—	—	BULLISH	—
CCFN Muncy Columbia Financial Corporation	$320M	11.4	15.2	-23.4	27.6	8.8	8	BULLISH	92.8
ATII Archimedes Tech SPAC Partners II Co. Ordinary Shares	$320M	-2.4	-135.5	-1.4	—	—	2	BULLISH	4.6
SORN Soren Acquisition Corp.	$260M	—	—	—	—	—	—	BULLISH	—
CCCTU Columbus Circle Capital Corp III	$200M	—	—	—	—	—	—	BULLISH	—
QRED Quasaredge Acquisition Corporation	$160M	—	—	—	—	—	—	BULLISH	—
ALPX Alpex Acquisition Corp.	$120M	—	—	—	—	—	—	BULLISH	—
FMCB Farmers & Merchants Bancorp	$1.0B	10.4	14.9	-28.7	31.9	7.1	8	BULLISH	40.7
FSBW FS Bancorp, Inc.	$330M	10.0	10.8	4.9	72.6	-17.2	5	BULLISH	12.0
HGTY Hagerty, Inc.	$4.7B	32.9	10.8	-11.6	0.1	7.8	4	BULLISH	13.6
GGT-PG The Gabelli Multimedia Trust Inc.	$670M	—	—	—	—	—	—	BULLISH	-8.5
CYPH Cypherpunk Technologies Inc.	$320M	5.1	-32.5	9.6	—	-10.7	3	BULLISH	476.2
DYOR Insight Digital Partners II	$180M	90.4	0.6	-0.1	—	—	2	BULLISH	—
MCGAU Yorkville Acquisition Corp. Unit	$180M	—	—	—	—	—	—	BULLISH	-5.7
KEYY Keystone Acquisition Corp.	$250M	—	—	—	—	—	—	BULLISH	—
DNMX Dynamix Corporation III Class A Ordinary Shares	$200M	—	—	—	—	—	—	BULLISH	—
BRBI BRBI BR Partners S.A. ADSs	$3.7B	—	—	—	—	—	—	BULLISH	-11.5
RNGT Range Capital Acquisition Corp II Class A Ordinary Shares	$240M	—	—	—	—	—	—	BULLISH	—
KFIIU K&F Growth Acquisition Corp. II	$420M	38.9	1.7	-0.1	—	—	2	BULLISH	3.5
RVRF River Financial Corp.	$370M	7.3	17.2	-21.5	23.4	11.5	8	BULLISH	34.6
HVMCU Highview Merger Corp.	$250M	—	—	—	—	—	—	BULLISH	3.1
LATAU Galata Acquisition Corp. II Units	$180M	—	—	—	—	—	—	BULLISH	3.1
SFNC Simmons First National Corporation	$3.3B	-7.6	-9.9	-29.2	18.8	-59.8	4	BULLISH	13.1
UFCS United Fire Group, Inc.	$1.4B	10.0	15.5	14.3	8.7	11.4	7	BULLISH	82.7
HIPO Hippo Holdings Inc.	$850M	6.7	30.4	169.7	7.0	19.3	6	BULLISH	-9.8
GAINI Gladstone Investment Corporation	$670M	3.7	33.6	10.8	324.9	138.3	3	BULLISH	1.2
SDHI Siddhi Acquisition Corp	$370M	34.0	7.8	-0.3	—	—	4	BULLISH	-1.8
BLUW Blue Water Acquisition Corp III	$340M	—	—	—	—	—	—	BULLISH	3.5
TVAI Thayer Ventures Acquisition Corporation II Class A Ordinary Shares	$280M	40.2	1.2	-0.4	—	—	2	BULLISH	3.5
CAQUU Cambridge Acquisition Corp. Unit	$200M	—	—	—	—	—	—	BULLISH	—
GLED GalaxyEdge Acquisition Corporation	$160M	—	—	—	—	—	—	BULLISH	—
FMAO Farmers & Merchants Bancorp, Inc.	$490M	12.2	10.9	9.0	23.2	7.1	8	BULLISH	40.7
CBNA Chain Bridge Bancorp, Inc.	$310M	11.6	15.6	-3.6	53.7	54.9	7	BULLISH	44.1
DMAAR Drugs Made In America Acquisition Corp. Rights	$290M	55.4	3.3	-1.9	—	—	3	BULLISH	-41.5
IACQU Irenic Acquisition Corp. Unit	$250M	—	—	—	—	—	—	BULLISH	—
IGAC Invest Green Acquisition Corp.	$180M	105.4	3.6	-0.8	—	—	3	BULLISH	2.5
BIDWU Tribeca Strategic Acquisition Corp. Unit	$150M	—	—	—	—	—	—	BULLISH	—
BEBE TGE Value Creative Solutions Corp	$150M	-30.9	-1.3	-5.1	0.0	4.0	5	BULLISH	944.7
THEO BOA Acquisition Corp. II	$140M	—	—	—	—	—	—	BULLISH	—
FXAC FortuneX Acquisition Corp	$130M	—	—	—	—	—	—	BULLISH	—
WTBA West Bancorporation, Inc.	$510M	13.3	14.7	21.6	21.7	0.4	7	BULLISH	52.9
PRHIZ Presurance Holdings, Inc. 9.75% Senior Unsecured Notes due 2028	$330M	-0.7	-42.8	20.7	27.7	—	1	BULLISH	—
VBNK VersaBank	$720M	30.3	6.2	18.5	25.8	-3.8	6	BULLISH	82.9
NPACU New Providence Acquisition Corp. III Units	$320M	43.5	-40.6	14.6	—	—	2	BULLISH	2.8
KOYNU CSLM Digital Asset Acquisition Corp III Units	$250M	27.5	1.2	-0.6	—	—	2	BULLISH	2.2
IRHOR Iron Horse Acquisitions Corp. II Rights	$210M	—	—	—	—	—	—	BULLISH	—
FIGXU FIGX Capital Acquisition Corp. Units	$200M	—	—	—	—	—	—	BULLISH	2.6
TAVI Tavia Acquisition Corp.	$170M	71.3	3.0	-4.3	—	—	3	BULLISH	4.1
WEDXF Aventus Capital Inc	$500M	-3.2	-23.6	-59.3	-820.6	61.5	4	BULLISH	-30.2
WENNU WEN Acquisition Corp	$390M	—	—	—	—	—	—	BULLISH	2.0
IPEXR Inflection Point Acquisition Corp. V	$200M	—	—	—	—	—	—	BULLISH	—
AIIA AI Infrastructure Acquisition Corp.	$150M	—	—	—	—	—	—	BULLISH	—
PECEW Peace Acquisition Corp Warrant	$120M	—	—	—	—	—	—	BULLISH	—
SRCE 1st Source Corporation	$2.1B	12.4	13.6	1802.1	30.5	4.2	8	LEAN BULL	43.6
MCBS MetroCity Bankshares, Inc.	$1.0B	12.1	15.9	10.3	31.4	11.9	5	LEAN BULL	28.0
ALRS Alerus Financial Corporation	$820M	29.7	5.0	2.9	20.1	-10.8	6	LEAN BULL	49.6
BWIV Blue Water Acquisition Corp. IV	$180M	—	—	—	—	—	—	LEAN BULL	—
WAL-PA Western Alliance Bancorporation	$9.2B	8.5	13.2	-173.2	29.5	0.9	5	LEAN BULL	10.9
LWAC LightWave Acquisition Corp.	$310M	—	—	—	—	—	—	LEAN BULL	4.2
GIW GigCapital8 Corp.	$260M	—	—	—	—	—	—	LEAN BULL	—
FIGX FIGX Capital Acquisition Corp.	$200M	—	—	—	—	—	—	LEAN BULL	3.9
ONCH 1RT Acquisition Corp.	$180M	—	—	—	—	—	—	LEAN BULL	-0.2
TDWD Tailwind 2.0 Acquisition Corp. Class A Ordinary Shares	$150M	—	—	—	—	—	—	LEAN BULL	—
PLMKW Plum Acquisition Corp. IV	$290M	0.3	2.9	-1.0	—	—	3	LEAN BULL	58.0
OAK-PA Brookfield Oaktree Holdings, LLC 6.625 % Non-Cum Red Perp Pfd Units Series A	$2.4B	8.1	15.6	22.4	34.7	-13.0	3	LEAN BULL	-5.1
HTH Hilltop Holdings Inc.	$2.2B	14.2	7.5	17.1	9.4	2.9	6	LEAN BULL	17.3
CCORF Canaccord Genuity Group Inc.	$1.0B	-13.6	-8.7	18.5	12.1	26.5	7	LEAN BULL	29.1
PDLB Ponce Financial Group, Inc.	$490M	14.3	6.2	4.7	16.0	13.7	7	LEAN BULL	39.3
PLBC Plumas Bancorp	$440M	12.1	15.4	-17.0	30.1	38.9	5	LEAN BULL	47.1
GHXIU Gores Holdings XI, Inc.	$370M	—	—	—	—	—	—	LEAN BULL	—
JACS Jackson Acquisition Company II	$320M	36.4	3.5	-0.2	—	—	4	LEAN BULL	4.0
SAJ Saratoga Investment Corp 8.00%	$310M	16.5	9.3	3.3	-17.5	5.4	4	LEAN BULL	1.4
XCBE X3 Acquisition Corp. Ltd.	$280M	—	—	—	—	—	—	LEAN BULL	—
GSRFR GSR IV Acquisition Corp. Rights	$260M	35.4	1.5	-0.3	—	—	2	LEAN BULL	—
DYNC Dynamix Corporation	$240M	—	—	—	—	—	—	LEAN BULL	—
SCPQ Social Commerce Partners Corporation Class A Ordinary Shares	$140M	—	—	—	—	—	—	LEAN BULL	—
GEGGL Great Elm Group, Inc. 7.25% Notes due 2027	$720M	-1.9	-63.8	-2.4	10.1	70.2	6	LEAN BULL	3.4
FERAR Fifth Era Acquisition Corp I	$340M	—	—	—	—	—	—	LEAN BULL	35.0
POLE Andretti Acquisition Corp. II	$320M	40.5	3.3	-0.6	—	—	4	LEAN BULL	2.7
HVMC Highview Merger Corp. Class A Ordinary Share	$300M	—	—	—	—	—	—	LEAN BULL	—
BDCIU BTC Development Corp. Unit	$270M	—	—	—	—	—	—	LEAN BULL	1.9
ALPXU Alpex Acquisition Corp	$120M	—	—	—	—	—	—	LEAN BULL	—
BBAJF Banco del BajÃo, S.A., InstituciÃ³n de Banca MÃºltiple	$4.0B	7.6	17.8	12.5	20.8	31.4	7	LEAN BULL	38.0
MBINM Merchants Bancorp	$2.5B	10.0	11.7	3.5	26.6	-6.4	3	LEAN BULL	4.4
MGLLF Magellan Financial Group Limited	$2.0B	16.2	24.4	27.9	17.5	-26.5	7	LEAN BULL	5.0
BOW Bowhead Specialty Holdings Inc.	$1.1B	17.9	14.1	-4.9	9.8	24.9	7	LEAN BULL	35.2
SBNCN Southern BancShares (N.C.), Inc. PFD CL C	$990M	15.6	9.5	15.7	48.1	—	5	LEAN BULL	0.0
PMTR Perimeter Acquisition Corp. I Class A Ordinary Shares	$260M	—	—	—	—	—	—	LEAN BULL	1.8
SPNT SiriusPoint Ltd.	$2.8B	5.9	23.1	-17.3	9.2	22.7	6	LEAN BULL	37.9
CCCT Columbus Circle Cap Corp. Iii	$310M	—	—	—	—	—	—	LEAN BULL	—
SLFPF Aberdeen Group plc	$5.8B	11.1	14.3	21.2	34.2	9.4	6	LEAN BULL	25.5
BKQNY Bank of Queensland Limited	$3.1B	42.6	5.2	1.3	5.7	35.4	6	LEAN BULL	6.2
LCSHF Lancashire Holdings Limited	$2.1B	6.6	16.8	72.1	19.1	4.9	4	LEAN BULL	3.8
KEGS 1812 Brewing Company Inc.	$1.0B	-14648.2	-2.3	-2.3	13.9	97.6	6	LEAN BULL	82976.9
EVOX Evolution Global Acquisition Corp Class A Ordinary Shares	$330M	-549.0	-0.9	-0.1	—	—	2	LEAN BULL	—
PACH Pioneer Acquisition I Corp	$330M	27.9	1.6	-0.2	—	—	2	LEAN BULL	4.4
CRAQ Cal Redwood Acquisition Corp.	$250M	—	—	—	—	—	—	LEAN BULL	4.1
BIXIU Bitcoin Infrastructure Acquisition Corp Ltd. Unit	$230M	—	—	—	—	—	—	LEAN BULL	—
MKLY McKinley Acquisition Corporation	$180M	—	—	—	—	—	—	LEAN BULL	—
GCMG GCM Grosvenor Inc.	$800M	16.7	682.1	48.3	7.2	4.2	7	LEAN BULL	12.0
PCB PCB Bancorp	$400M	9.6	10.8	8.8	19.7	6.3	7	LEAN BULL	35.0
RREV RRE Ventures Acquisition Corp.	$330M	—	—	—	—	—	—	LEAN BULL	—
NASB NASB Financial, Inc.	$330M	9.0	8.4	5.9	22.4	22.5	7	LEAN BULL	29.4
TVA Texas Ventures Acquisition III Corp	$320M	—	—	—	—	—	—	LEAN BULL	-0.9
VHCP Vine Hill Capital Investment Corp. II Class A Ordinary Shares	$230M	—	—	—	—	—	—	LEAN BULL	—
APMC Ampercap Acquisition Co.	$200M	—	—	—	—	—	—	LEAN BULL	—
WENC West Enclave Merger Corp.	$160M	—	—	—	—	—	—	LEAN BULL	—
BLX Bladex, Inc.	$1.6B	9.0	14.7	5.8	29.6	-26.0	6	LEAN BULL	22.0
TMP Tompkins Financial Corporation	$1.4B	8.0	20.4	7.6	110.2	8.3	5	LEAN BULL	52.9
UVE Universal Insurance Holdings, Inc.	$1.2B	5.6	40.2	705.6	13.9	3.6	7	LEAN BULL	72.0
SBNC Southern BancShares (N.C.), Inc.	$1.0B	15.6	9.5	15.7	48.1	—	5	LEAN BULL	42.5
CAC Camden National Corp.	$970M	10.9	12.9	5.9	29.1	6.0	9	LEAN BULL	51.5
ACNB ACNB Corporation	$650M	12.1	13.3	7.6	29.0	24.2	8	LEAN BULL	47.7
AII American Integrity Insurance Group, Inc.	$510M	5.8	26.2	-75.9	29.6	351.3	7	LEAN BULL	17.1
CZFS Citizens Financial Services, Inc.	$390M	9.4	12.3	19.0	23.4	3.2	5	LEAN BULL	35.0
XSLLU Xsolla SPAC 1	$280M	—	—	—	—	—	—	LEAN BULL	—
JONEU Jones Ventures INTL Acquisition1 Corp	$210M	—	—	—	—	—	—	LEAN BULL	—
NSLRL Neostellar Capital Corp.	$660M	—	—	—	—	—	—	LEAN BULL	—
GPAC General Purpose Acquisition Corp.	$240M	-8.4	165.7	2.5	—	100.0	5	LEAN BULL	-6.8
BWIN The Baldwin Insurance Group, Inc.	$2.6B	-27.2	-10.7	-2.2	-7.9	20.5	3	LEAN BULL	17.1
CBC Central Bancompany	$7.7B	—	—	—	—	—	—	LEAN BULL	—
SDHIU Siddhi Acquisition Corp Unit	$370M	34.0	7.8	-0.3	—	—	4	LEAN BULL	3.1
RFAI RF Acquisition Corp II Ordinary Shares	$320M	338.0	1.8	-3.0	—	—	3	LEAN BULL	259.6
ACAA Averin Capital Acquisition Corp.	$360M	—	—	—	—	—	—	LEAN BULL	—
ALOV Aldabra 4 Liquidity Opportunity Vehicle Inc.	$300M	—	—	—	—	—	—	LEAN BULL	—
FMAC Future Money Acquisition Corp	$160M	9.1	-144.0	24.8	—	—	2	LEAN BULL	1.8
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund	$2.3B	—	—	—	—	—	—	LEAN BULL	-8.9
MTAKU Market Technology Acquisition Corp.	$210M	—	—	—	—	—	—	LEAN BULL	—
SREDF Storebrand ASA	$8.8B	16.9	15.3	6.9	—	-0.0	3	LEAN BULL	36.6
HCXLY Hiscox Ltd	$8.1B	12.6	33.6	75.5	10.3	35.3	5	LEAN BULL	45.0
ARX Accelerant Holdings	$4.3B	-3.0	-190.5	-12.0	22.1	—	3	LEAN BULL	39.2
MAUSY Matsui Securities Co., Ltd.	$3.6B	15.6	19.9	5.0	31.2	40.1	5	LEAN BULL	28.3
ABXL Abacus Global Management, Inc. - 9.875% Fixed Rate Senior Notes due 2028	$2.5B	—	—	—	—	—	—	LEAN BULL	—
KRKKF KRUK SpÃ³lka Akcyjna	$2.4B	6.8	20.5	15.3	46.4	7.6	5	LEAN BULL	36.9
OAK-PB Brookfield Oaktree Holdings LLC 6.55% Non-Cum Red Pfd Units Series B	$2.4B	8.0	15.6	24.2	34.7	-40.3	4	LEAN BULL	-5.2
HBT HBT Financial, Inc.	$1.3B	15.5	11.6	-10.2	27.7	13.8	5	LEAN BULL	46.8
PPTTF Perpetual Limited	$1.2B	21.4	1.9	14.5	7.8	6.9	9	LEAN BULL	-13.7
GSBC Great Southern Bancorp, Inc.	$860M	13.1	10.6	5.8	19.8	-10.7	6	LEAN BULL	30.6
WFHG World Financial Holding Group	$720M	-22330.0	25.3	84.0	—	—	1	LEAN BULL	53.4
VINP Vinci Compass Investments Ltd.	$600M	7.7	21.5	7.4	17.1	104.7	6	LEAN BULL	-9.8
FERA Fifth Era Acquisition Corp I Class A Ordinary Shares	$330M	—	—	—	—	—	—	LEAN BULL	3.7
PTACU Patriot Acquisition Corp.	$250M	—	—	—	—	—	—	LEAN BULL	—
BLRKU Bluerock Acquisition Corp.	$180M	—	—	—	—	—	—	LEAN BULL	—
BKEAY The Bank of East Asia, Limited	$6.4B	14.8	7.8	7.9	12.9	-2.3	3	NEUTRAL	61.3
WTBFB W.T.B. Financial Corporation	$1.2B	9.3	10.0	7.0	20.6	-0.0	8	NEUTRAL	46.8
PCDVF Pacific Century Regional Developments Limited	$910M	-87.0	-4.0	1.1	37.7	-26.3	3	NEUTRAL	0.0
BFCC BankFirst Capital Corporation	$340M	11.0	7.4	7.8	17.3	10.3	6	NEUTRAL	40.4
IDACU Iron Dome Acquisition I Corp. Units	$200M	—	—	—	—	—	—	NEUTRAL	—
SOCA Solarius Capital Acquisition Corp.	$180M	—	—	—	—	—	—	NEUTRAL	4.0
TRAD APEX Tech Acquisition Inc.	$150M	—	—	—	—	—	—	NEUTRAL	—
OTAI Starlink Ai Acquisition Corp.	$140M	—	—	—	—	—	—	NEUTRAL	—
KTWO K2 Capital Acquisition Corporation	$140M	-25.4	-19.5	-11.0	-22.2	11.3	3	NEUTRAL	-47.8
CFIGF Challenger Limited	$3.8B	12.2	17.6	16.1	18.8	-6.0	6	NEUTRAL	-3.3
MLCIL Mount Logan Capital Inc. 8.00% Notes Due 2031	$1.9B	—	—	—	—	—	—	NEUTRAL	—
ATLCZ Atlanticus Holdings Corporation 9.25% Senior Notes due 2029	$1.7B	9.6	23.6	3.5	9.0	212.1	7	NEUTRAL	-0.2
BWFG Bankwell Financial Group, Inc.	$530M	12.3	14.1	18.7	22.3	9.0	6	NEUTRAL	53.9
GHXI Gores Holdings XI, Inc. Class A Ordinary Shares	$360M	—	—	—	—	—	—	NEUTRAL	—
RTAC Renatus Tactical Acquisition Corp I Class A Ordinary Shares	$330M	36.9	2.3	-0.4	—	—	2	NEUTRAL	-5.6
TCPC BlackRock TCP Capital Corp.	$330M	-3.1	-16.8	-3.6	4.2	-12.1	4	NEUTRAL	-32.0
FACT FACT II Acquisition Corp	$260M	54.0	2.2	-1.6	—	-100.0	4	NEUTRAL	4.0
HCXY Hercules Capital Inc	$3.1B	8.0	17.3	10.1	83.0	8.5	4	NEUTRAL	-0.2
GCBC Greene County Bancorp, Inc.	$580M	14.2	15.9	87.5	30.4	9.7	8	NEUTRAL	53.6
CXIIU Churchill Capital Corp XII Units	$460M	—	—	—	—	—	—	NEUTRAL	—
UNJCF Unicaja Banco S.A.	$7.8B	13.0	8.9	6.0	32.7	-13.0	3	NEUTRAL	36.8
TKYVY Turkiye Vakiflar Bankasi Turk Anonim Ortakligi Unsponsored ADR	$6.7B	4.3	24.8	6.1	5.0	24.7	7	NEUTRAL	7.1
FIISO Financial Institutions, Inc. 8.48% SRB1 PFD B	$2.3B	9.8	13.3	-243.0	22.5	47.3	7	NEUTRAL	-9.5
AACI Armada Acquisition Corp. III	$260M	125.6	1.3	-0.3	—	—	2	NEUTRAL	0.0
SZZL Sizzle Acquisition Corp. II	$250M	33.7	3.4	-0.5	—	—	2	NEUTRAL	3.8
MCGA Yorkville Acquisition Corp.	$180M	—	—	—	—	—	—	NEUTRAL	-2.9
GECCI Great Elm Capital Corp. 8.50% Notes DUE 2029	$350M	-1.6	13.5	9.2	74.5	75.4	7	NEUTRAL	1.4
ALDFU Aldel Financial II Inc.	$320M	30.0	2.8	-0.2	—	—	5	NEUTRAL	1.4
IPHXU Inflection Point Acquisition Corp. VIII	$250M	—	—	—	—	—	—	NEUTRAL	—
RFAM RF Acquisition Corp III Ordinary Shares	$140M	—	—	—	—	—	—	NEUTRAL	—
CNO-PA CNO Financial Group, Inc. 5.125	$5.2B	18.1	10.9	-11.8	9.8	6.0	6	NEUTRAL	-18.3
OBT Orange County Bancorp, Inc.	$510M	10.6	16.9	-11.8	39.1	1.2	7	NEUTRAL	51.3
SYANY Sydbank A/S	$5.5B	20.7	9.5	5.4	30.5	22.4	5	NEUTRAL	62.7
RHNO Rhino Bitcoin Inc.	$640M	-225.0	-9.6	-8.4	-70.8	—	1	NEUTRAL	—
OTGA OTG Acquisition Corp. I Class A Ordinary Share	$360M	—	—	—	—	—	—	NEUTRAL	—
HCI HCI Group, Inc.	$2.4B	7.1	33.8	168.0	29.9	22.8	7	NEUTRAL	-1.2
CHCO City Holding Company	$2.0B	15.6	16.8	-26.5	41.5	-0.2	6	NEUTRAL	17.4
SMBC Southern Missouri Bancorp, Inc.	$800M	11.3	12.7	34.0	27.9	1.3	6	NEUTRAL	38.9
MVBF MVB Financial Corp.	$390M	10.0	12.0	43.2	18.2	2.9	5	NEUTRAL	20.4
ZKP Lafayette Digital Acquisition Corp. I Class A Ordinary Shares	$390M	—	—	—	—	—	—	NEUTRAL	—
FCRS FutureCrest Acquisition Corp.	$370M	—	—	—	—	—	—	NEUTRAL	—
OITAF The Oita Bank, Ltd.	$330M	21.8	4.7	9.2	10.2	83.5	6	NEUTRAL	-80.7
ATIIU Archimedes Tech SPAC Partners II Co. Unit	$310M	-2.4	-135.5	-1.4	—	—	2	NEUTRAL	9.9
ACAAU Averin Capital Acquisition Corp. Units	$290M	—	—	—	—	—	—	NEUTRAL	—
BBAGF BB Biotech AG	$4.9B	2.1	-19.3	-1.6	-223087.0	-147.0	5	N/A	3.9
CALEF Caledonia Investments plc	$2.7B	15.1	9.4	9.7	74.2	-58.3	5	N/A	—
DCOM Dime Community Bancshares, Inc.	$1.8B	14.3	8.7	-9.5	18.7	14.8	8	NEUTRAL	34.9
ASBH American Savings Bank, N.A.	$1.1B	—	—	—	—	—	—	N/A	—
RFAIU RF Acquisition Corp II Unit	$660M	338.0	1.8	-3.0	—	—	3	NEUTRAL	327.5
KKRT KKR & Co. Inc. 6.875% Subordina	$530M	—	—	—	—	—	—	N/A	—
CRBD Corebridge Financial Inc. 6.375	$500M	—	—	—	—	—	—	N/A	—
EVAC EQV Ventures Acquisition Corp. II	$480M	—	—	—	—	—	—	N/A	—
XIII Churchill Capital Corp. Xiii	$430M	—	—	—	—	—	—	N/A	—
OYSER Oyster Enterprises II Acquisition Corp	$410M	31.4	1.7	-0.1	—	—	2	NEUTRAL	-29.8
SVIA Silvia, Inc.	$390M	—	—	—	—	—	—	N/A	—
OIG Orion180 Insurance Group, Inc. Class A	$370M	-0.1	559.5	-143.3	-25.3	109.5	3	N/A	-46.9
BRTM B&R Technology Merger Corp. Class A	$330M	—	—	—	—	—	—	N/A	—
LOVIU Live Oak Acquisition Corp. VI Units	$230M	—	—	—	—	—	—	N/A	—
DGAC Disciplined Growth Acquisition Corp	$230M	—	—	—	—	—	—	NEUTRAL	—
WLII Willow Lane Acquisition Corp. II Class A Ordinary Shares	$210M	—	—	—	—	—	—	NEUTRAL	—
PNAQ Pinnacle Acquisition Corp.	$200M	—	—	—	—	—	—	N/A	—
ARCLU ARC Group Acquisition I Corp Unit	$160M	—	—	—	—	—	—	NEUTRAL	—
LEDRU Leader's Advantage Acquisition Corp. Units	$150M	—	—	—	—	—	—	N/A	—
BRRKU Bluerock Acquisition Corp. II	$150M	—	—	—	—	—	—	N/A	—
XIIIW Churchill Capital Corp XIII Warrants	$130M	—	—	—	—	—	—	N/A	—
MAPTX Matthews Pacific Tiger Fund Investor Class	$8.6B	—	—	—	—	—	—	NEUTRAL	24.2
TSLX Sixth Street Specialty Lending, Inc.	$1.7B	19.0	5.6	4.0	34.0	-5.6	4	NEUTRAL	-16.8
HRTG Heritage Insurance Holdings, Inc.	$1.0B	4.8	45.3	-384.9	28.8	-7.1	7	NEUTRAL	43.6
YICCU Yorkville International Capital Corp.	$360M	—	—	—	—	—	—	NEUTRAL	—
ACGC ACP Holdings Acquisition Corp. Class A Ordinary Shares	$220M	—	—	—	—	—	—	NEUTRAL	—
MYXXW Maywood Acquisition Corp. 2 Warrants	$120M	—	—	—	—	—	—	NEUTRAL	—
CARE Carter Bankshares, Inc.	$680M	5.2	27.2	-90.4	32.0	41.9	7	NEUTRAL	59.2
SAC Safeguard Acquisition Corp.	$320M	—	—	—	—	—	—	NEUTRAL	—
SUMAU SUMA Acquisition Corporation	$150M	—	—	—	—	—	—	NEUTRAL	—
BRKH Burtech Acquisition Corp II	$120M	-15.3	-388.1	1077.9	-827.4	602.3	4	NEUTRAL	-9.0
VNRGF Vienna Insurance Group AG	$9.5B	9.2	12.5	-4.8	6.5	11.3	6	NEUTRAL	182.4
ITHAU ITHAX Acquisition Corp III	$240M	—	—	—	—	—	—	NEUTRAL	—
NBTB NBT Bancorp Inc.	$2.7B	12.6	11.4	9.6	22.5	14.4	7	NEUTRAL	25.5
GABC German American Bancorp, Inc.	$1.9B	13.0	12.5	11.0	30.1	21.7	8	NEUTRAL	27.6
CTBI Community Trust Bancorp, Inc.	$1.4B	12.7	12.7	10.2	27.2	7.8	7	NEUTRAL	39.9
THEOU Boa Acquisition Corp. Ii	$150M	—	—	—	—	—	—	NEUTRAL	—
CMGGF Commercial International Bank (Egypt) S.A.E	$8.8B	5.3	42.3	-112.0	34.5	17.5	7	NEUTRAL	117.1
ITCFY Investec Group	$7.9B	7.9	25.3	34.5	15.3	36.3	3	NEUTRAL	5.0
MCY Mercury General Corporation	$5.7B	6.0	39.0	54.2	15.7	10.0	7	NEUTRAL	22.5
PURR Hyperliquid Strategies Inc Common Stock	$1.6B	—	—	—	—	—	—	NEUTRAL	—
SRXXF Sparx Group Co., Ltd.	$500M	13.7	17.6	20.0	31.3	45.2	6	NEUTRAL	25.4
AACOU Abony Acquisition Corp. I Units	$210M	—	—	—	—	—	—	NEUTRAL	—
NMP NMP Acquisition Corp.	$130M	36.9	1.9	-0.3	—	—	2	NEUTRAL	4.4
NBBK NB Bancorp, Inc. Common Stock	$940M	14.9	7.5	16.9	18.0	17.7	6	NEUTRAL	28.9
SMBK SmartFinancial, Inc.	$870M	14.9	10.5	129.6	19.0	9.8	7	NEUTRAL	44.0
FBIZ First Business Financial Services, Inc.	$590M	10.7	15.0	12.1	21.2	6.6	7	NEUTRAL	42.6
CZNC Citizens & Northern Corporation	$460M	17.4	8.0	-17.3	35.9	3.5	5	NEUTRAL	32.1
BMRC Bank of Marin Bancorp	$450M	6.8	15.5	-5.2	27.0	50.5	6	NEUTRAL	16.0
WDH Waterdrop Inc.	$370M	0.6	9.4	9.2	8.7	54.3	6	NEUTRAL	-44.4
KRAQU KRAKacquisition Corp Unit	$350M	—	—	—	—	—	—	NEUTRAL	—
MTNE CH4 Natural Solutions Corporation	$300M	—	—	—	—	—	—	NEUTRAL	—
FDMMU Freedom Metals Acquisition Corp.	$280M	—	—	—	—	—	—	NEUTRAL	—
SAMO Samos Energy Acquisition Corp.	$230M	—	—	—	—	—	—	NEUTRAL	—
IDAC Iron Dome Acquisition I Corp.	$160M	—	—	—	—	—	—	NEUTRAL	—
SAGU Shreya Acquisition Group	$160M	—	—	—	—	—	—	NEUTRAL	—
BGC BGC Group, Inc	$5.6B	28.3	19.5	13.9	8.4	33.3	8	NEUTRAL	15.8
SLDE Slide Insurance Holdings, Inc. Common Stock	$2.8B	5.2	53.9	-66.5	34.9	430.9	7	NEUTRAL	58.4
IBCP Independent Bank Corporation	$750M	10.5	14.4	52.3	22.8	1.4	7	NEUTRAL	19.8
CICC CION Investment Corp. 7.5 % Notes 2026-31.03.31	$420M	—	—	—	—	—	—	NEUTRAL	—
NWFL Norwood Financial Corp.	$370M	10.8	11.2	-20.3	21.7	33.1	9	NEUTRAL	34.7
SNLC Security National Corporation	$340M	—	—	—	—	—	—	NEUTRAL	33.7
CYFL Century Financial Corporation	$320M	8.7	14.7	14.9	28.3	4.2	8	NEUTRAL	3.5
FCCO First Community Corporation	$310M	12.0	12.1	7.5	22.5	14.7	6	NEUTRAL	19.4
TBCVU Thunder Bridge Capital Partners V L	$270M	—	—	—	—	—	—	NEUTRAL	—
TACO Berto Acquisition Corp.	$390M	31.7	1.1	-0.7	—	—	2	LEAN BEAR	0.6
WLCO Wilco 63 Corp.	$230M	—	—	—	—	—	—	LEAN BEAR	—
FBKIF First International Bank of Israel Ltd	$5.0B	10.6	14.7	-4.1	32.4	15.7	4	LEAN BEAR	0.0
SFFFF Peugeot Invest S.A.	$1.8B	5.4	6.1	10.8	91.2	-44.7	4	LEAN BEAR	0.0
BSMAF Bursa Malaysia Berhad	$1.8B	24.0	33.2	133.9	34.1	7.0	6	LEAN BEAR	66.4
ZKPW Lafayette Digital Acquisition Corp. I Warrant 2026-16.12.30 On Lafayette Digital	$350M	—	—	—	—	—	—	LEAN BEAR	—
LAFAU LaFayette Acquisition Corp.	$140M	58.0	1.3	-0.3	—	—	2	LEAN BEAR	—
NHMAF Nihon M&A Center Holdings Inc.	$1.3B	15.0	25.7	89.1	19.7	14.7	6	LEAN BEAR	inf
DMIIU Drugs Made In America Acquisition II Corp. Unit	$710M	—	—	—	—	—	—	LEAN BEAR	2.5
GEMI Gemini Space Station, Inc.	$570M	-1.1	-110.4	-96.6	-236.9	—	2	LEAN BEAR	-79.5
INTR Inter & Co, Inc.	$2.4B	8.2	15.5	5.0	9.4	42.3	3	LEAN BEAR	-39.4
QCRH QCR Holdings, Inc.	$1.7B	11.9	12.9	9.9	24.1	8.5	9	LEAN BEAR	32.5
FNLC The First Bancorp, Inc.	$390M	10.0	13.5	7.2	21.5	1.1	6	LEAN BEAR	33.6
LPBB Launch Two Acquisition Corp. Class A	$310M	41.3	3.2	-0.7	—	—	3	LEAN BEAR	3.4
BUSE First Busey Corporation	$2.5B	10.7	9.6	5.5	59.6	14.8	6	LEAN BEAR	30.2
BFC Bank First Corporation	$1.7B	19.8	11.3	165.4	28.8	24.0	6	LEAN BEAR	25.2
HAFC Hanmi Financial Corporation	$940M	10.6	11.3	-16.9	42.3	-10.7	7	LEAN BEAR	30.7
MPB Mid Penn Bancorp, Inc.	$920M	11.7	8.1	71.8	20.3	16.3	7	LEAN BEAR	27.5
HCIC Hennessy Capital Investment Corp. VIII	$250M	150.2	8.0	-3.3	—	—	3	LEAN BEAR	2.0
ADAC American Drive Acquisition Company Class A Ordinary Shares	$230M	—	—	—	—	—	—	LEAN BEAR	—
WBHC Wilson Bank Holding Company	$6.8B	80.5	14.6	-17.7	22.0	9.9	7	LEAN BEAR	214.3
MNGPF Man Group Limited	$4.5B	14.7	29.9	37.4	21.9	-3.6	7	LEAN BEAR	67.8
FFXDF Fairfax India Holdings Corporation	$1.9B	11.5	7.5	9.1	83.5	-63.3	6	LEAN BEAR	0.1
BLZRU Trailblazer Acquisition Corp. Unit	$350M	—	—	—	—	—	—	LEAN BEAR	0.8
MBVI M3-Brigade Acquisition VI Corp. Class A Ordinary Shares	$350M	—	—	—	—	—	—	LEAN BEAR	—
COSO CoastalSouth Bancshares, Inc.	$320M	11.7	11.5	-70.3	20.5	318.6	7	LEAN BEAR	25.3
OIMAU Oneim Acquisition Corp.	$300M	—	—	—	—	—	—	LEAN BEAR	—
FGII FG Imperii Acquisition Corp. Class A Ordinary Shares	$230M	—	—	—	—	—	—	LEAN BEAR	—
GIX GigCapital9 Corp. Class A Ordinary Share	$220M	—	—	—	—	—	—	LEAN BEAR	—
DNMXU Dynamix Corporation III	$200M	—	—	—	—	—	—	LEAN BEAR	—
UBSI United Bankshares, Inc.	$6.5B	12.8	9.5	53.9	31.4	5.8	9	LEAN BEAR	28.7
RBB RBB Bancorp	$440M	10.7	7.9	5.0	16.9	3.0	8	LEAN BEAR	28.9
NIC Nicolet Bankshares, Inc.	$2.9B	18.0	8.9	7.0	41.7	-2.7	5	LEAN BEAR	26.9
STBA S&T Bancorp, Inc.	$1.8B	13.3	9.9	8.8	28.6	-0.2	7	LEAN BEAR	34.5
SHBI Shore Bancshares, Inc.	$770M	11.6	11.2	-30.1	21.7	2.9	8	LEAN BEAR	41.3
CIVB Civista Bancshares, Inc.	$560M	10.0	11.2	83.8	36.4	-8.9	6	LEAN BEAR	34.8
FRST Primis Financial Corp	$390M	7.2	13.1	6.1	12.0	16.3	4	LEAN BEAR	51.6
CCII Cohen Circle Acquisition Corp. II	$360M	42.9	1.5	-0.3	—	—	2	LEAN BEAR	1.8
CMBNF Cembra Money Bank AG	$3.7B	13.7	29.4	12.2	30.0	7.4	6	LEAN BEAR	38.0
AMLTF AMP Limited	$3.2B	34.1	9.9	0.8	12.0	50.2	4	LEAN BEAR	14.0
SWRD Stewards Inc.	$510M	—	—	—	—	—	—	LEAN BEAR	—
MUZE Muzero Acquisition Corp Class A Ordinary Shares	$210M	—	—	—	—	—	—	LEAN BEAR	—
CTAA ClearThink 1 Acquisition Corp. Class A Ordinary Shares	$120M	—	—	—	—	—	—	LEAN BEAR	—
HLXC Helix Acquisition Corp. III Class A Ordinary Shares	$190M	—	—	—	—	—	—	LEAN BEAR	—
AAC Ares Acquisition Corp. III Class A	$400M	-2976.0	-99.3	19.7	—	—	3	LEAN BEAR	0.3
TDAC Translational Development Acquisition Corp.	$270M	42.0	3.4	-0.9	—	-66.9	4	LEAN BEAR	4.6
IPFX Inflection Point Acquisition Corp. VI	$220M	—	—	—	—	—	—	LEAN BEAR	—
RANGR Range Capital Acquisition Corp.	$200M	46.0	5.2	-3.5	—	—	3	LEAN BEAR	-35.6
MBAV Velos Acquisition I Corp.	$390M	73.0	1.4	-2.5	—	—	2	LEAN BEAR	2.1
VONHF Vontobel Holding AG	$3.9B	13.2	26.3	3.5	20.3	13.1	4	LEAN BEAR	0.0
CLBK Columbia Financial, Inc.	$2.5B	43.8	5.0	3.7	11.8	9.2	8	LEAN BEAR	70.8
CCXIU Churchill Capital Corp XI Units	$520M	-5.2	-50.0	-11.8	—	—	2	LEAN BEAR	—
AAC-UN Ares Acquisition Corporation III	$500M	23933.3	-99.3	19.7	—	—	3	LEAN BEAR	-1.4
GHXIW Gores Holdings XI, Inc. Warrant	$370M	—	—	—	—	—	—	LEAN BEAR	—
BRBS Blue Ridge Bankshares, Inc.	$350M	36.7	3.4	15.2	-0.7	-14.1	4	LEAN BEAR	-2.7
EVOXU Evolution Global Acquisition Corp Units	$250M	—	—	—	—	—	—	LEAN BEAR	—
SFNXF Sofina S.A.	$9.6B	6.2	16.9	15.1	1532.9	3.6	4	LEAN BEAR	-9.4
AFFT AmTrust Financial Services Inc 7.5 % Notes 2015-15.9.55	$3.0B	—	—	—	—	—	—	LEAN BEAR	-4.4
OTGAU OTG Acquisition Corp. I Unit	$250M	—	—	—	—	—	—	LEAN BEAR	3.3
GSHRU Gesher Acquisition Corp. II Units	$220M	46.2	1.3	-0.5	—	—	2	LEAN BEAR	1.1
ISNR Snow Rothschild Acquisition Corp.	$220M	—	—	—	—	—	—	LEAN BEAR	—
HWCPZ Hancock Whitney Corporation - 6	$6.0B	14.2	9.7	8.6	24.4	-2.7	5	LEAN BEAR	-12.6
BHFAM Brighthouse Financial, Inc.	$3.5B	3.9	13.6	32.2	60.5	2.2	5	LEAN BEAR	-17.0
ACGP Associated Capital Group, Inc.	$700M	—	—	—	—	—	—	LEAN BEAR	—
BHB Bar Harbor Bankshares	$660M	13.3	9.7	22.7	39.0	2.4	6	LEAN BEAR	30.8
BTBT Bit Digital, Inc.	$570M	-1.9	-56.7	9.7	-333.9	-21.2	2	LEAN BEAR	-50.3
COFS ChoiceOne Financial Services, Inc.	$500M	9.1	12.0	15.8	997.8	2.7	6	LEAN BEAR	17.5
USCB USCB Financial Holdings, Inc.	$410M	14.7	12.4	7.0	21.0	-5.1	6	LEAN BEAR	31.3
NECB Northeast Community Bancorp, Inc.	$370M	8.3	12.1	7.7	26.7	-4.4	5	LEAN BEAR	31.7
MZYX MOZAYYX Acquisition Corp.	$370M	—	—	—	—	—	—	LEAN BEAR	—
AXINU Axiom Intelligence Acquisition Corp 1 Units	$360M	34.3	2.0	-0.4	—	-286.5	4	LEAN BEAR	5.0
LRBI Lake Ridge Bancorp Inc.	$310M	—	—	—	—	—	—	LEAN BEAR	—
SUMA SUMA Acquisition Corporation Class A Ordinary Shares	$180M	—	—	—	—	—	—	LEAN BEAR	—
VRTS Virtus Investment Partners, Inc.	$890M	7.5	12.9	2.2	26.7	-14.4	5	LEAN BEAR	-28.1
XIIIU Churchill Capital Corp XIII Units	$430M	—	—	—	—	—	—	LEAN BEAR	—
MIACU Meridian3 Industrials Acquisition Corp	$200M	—	—	—	—	—	—	LEAN BEAR	—
FBNC First Bancorp	$2.6B	19.4	8.1	-13.9	238.2	-21.4	5	LEAN BEAR	18.1
APXTU Apex Treasury Corporation	$1.9B	29.9	13.4	137.0	22.1	—	4	LEAN BEAR	—
BOMXF Bolsa Mexicana de Valores, S.A.B. de C.V.	$1.1B	13.2	22.5	38.0	34.0	11.0	8	LEAN BEAR	-0.9
ALPIB Alpine Banks of Colorado	$400M	10.0	12.8	15.2	20.4	9.8	5	LEAN BEAR	55.1
XSLL Xsolla SPAC 1 Class A Ordinary Shares	$280M	—	—	—	—	—	—	LEAN BEAR	—
GCGRU General Catalyst Global Resilience Merger Corp. Units	$420M	—	—	—	—	—	—	LEAN BEAR	—
LGNRF Legend Holdings Corporation	$2.7B	20.5	4.8	14.3	0.6	2.6	6	BEARISH	0.0
ACIC American Coastal Insurance Corporation	$450M	4.5	31.7	60.6	26.5	3.4	4	BEARISH	-16.3
SNEX StoneX Group Inc.	$7.8B	10.7	21.9	9.9	0.3	20.6	6	BEARISH	-34.9
FMCCT Freddie Mac 6.42% Non-Cum. Perp. Pfd.	$7.2B	-1073.0	18.2	3.0	11.2	6.5	9	BEARISH	-60.7
FULTP Fulton Financial Corporation	$4.6B	10.9	11.1	-46.3	20.2	-0.1	7	BEARISH	-14.9
TRRSF Trisura Group Ltd.	$1.4B	12.6	16.9	16.5	6.4	-1.3	6	BEARISH	6.9
EIG Employers Holdings, Inc.	$1.0B	71.2	0.8	-5.8	13.2	-5.9	5	BEARISH	17.1
SPME Sound Point Meridian Capital, Inc.	$510M	—	—	—	—	—	—	BEARISH	—
BLZRW Trailblazer Acquisition Corp. Warrant	$260M	—	—	—	—	—	—	BEARISH	—
IRHOU Iron Horse Acquisitions Corp. II Units	$240M	—	—	—	—	—	—	BEARISH	—
ADACW American Drive Acquisition Company Warrant	$220M	—	—	—	—	—	—	BEARISH	—
GBDC Golub Capital BDC, Inc.	$3.3B	22.8	3.8	4.8	20.0	6.0	7	BEARISH	-4.6
OBK Origin Bancorp, Inc.	$1.7B	16.6	8.0	7.9	22.4	4.5	8	BEARISH	56.7
HFWA Heritage Financial Corporation	$1.2B	13.3	7.8	3.4	28.2	3.4	6	BEARISH	17.7
MCB Metropolitan Bank Holding Corp.	$1.1B	11.2	10.2	3.6	276.7	-16.6	5	BEARISH	20.4
FRBA First Bank	$450M	10.3	9.7	6.1	18.3	3.6	9	BEARISH	11.8
NEWTH NewtekOne, Inc.	$430M	4.7	18.0	25.6	15.4	-5.7	4	BEARISH	0.8
MLAAU Mountain Lake Acquisition Corp. II Units	$370M	—	—	—	—	—	—	BEARISH	—
AESPU Aeon Acquisition I Corp. Units	$150M	—	—	—	—	—	—	BEARISH	—
CTAAU ClearThink 1 Acquisition Corp.	$120M	—	—	—	—	—	—	BEARISH	—
AKBTY Akbank T.A.S.	$7.2B	5.2	23.2	8.7	26.9	-2.4	6	BEARISH	-10.7
BANFP BFC Capital Trust II PFD TR 7.20%	$3.6B	14.4	13.7	-7.3	36.5	-16.7	7	BEARISH	2.3
HBIA Hills Bancorporation	$3.3B	43.4	12.7	38.4	35.3	9.4	8	BEARISH	-41.4
FMBL Farmers & Merchants Bank of Long Beach	$1.2B	12.5	5.9	3.1	26.5	14.2	6	BEARISH	38.4
ESQ Esquire Financial Holdings, Inc.	$1.0B	18.9	18.3	-24.1	27.2	20.0	7	BEARISH	19.4
HBNC Horizon Bancorp, Inc.	$1.0B	-6.2	-19.0	1042.4	24.8	-74.3	5	BEARISH	22.2
FDCHF Funding Circle Holdings Plc	$840M	8.9	38.1	15.6	15.7	48.2	4	BEARISH	92.8
FDUS Fidus Investment Corporation	$730M	9.2	10.8	11.5	40.0	25.7	2	BEARISH	-2.8
PRAA PRA Group, Inc.	$720M	-2.8	-22.3	44.1	15.6	19.4	5	BEARISH	24.1
OTCM OTC Markets Group Inc.	$650M	19.4	73.6	597.0	24.6	12.9	8	BEARISH	7.8
ITIC Investors Title Company	$550M	13.6	14.6	18.1	16.9	8.7	6	BEARISH	11.6
CHMG Chemung Financial Corporation	$390M	11.8	13.3	28.7	48.8	2.2	6	BEARISH	56.2
TSBK Timberland Bancorp, Inc.	$360M	11.3	11.9	12.4	36.3	1.8	7	BEARISH	39.3
JMSB John Marshall Bancorp, Inc.	$320M	13.3	9.2	6.1	22.5	5.1	8	BEARISH	14.5
OSPRU Osprey Acquisition Corp. III	$310M	—	—	—	—	—	—	BEARISH	—
TLNCU Talon Capital Corp.	$270M	—	—	—	—	—	—	BEARISH	4.1
SCIIU SC II Acquisition Corp. Units	$180M	—	—	—	—	—	—	BEARISH	—
FCODF Compagnie de l'Odet	$4.6B	60.5	-7.1	-5.3	3.3	-108.7	3	BEARISH	-35.5
ECCC Eagle Point Credit Company Inc.	$510M	-2.8	-17.1	-8.5	-112.0	-96.4	2	BEARISH	6.8
NHICU NewHold Investment Corp III	$240M	864.0	-0.2	-2.7	—	—	1	BEARISH	-1.8
ARCL ARC Group Acquisition I Corp Class A Ordinary Shares	$180M	—	—	—	—	—	—	BEARISH	—
PLGO Pelagos Insurance Capital Limit	$2.1B	—	—	—	—	—	—	BEARISH	—
OCLTU OceanLight Acquisition Corporation Units	$120M	—	—	—	—	—	—	BEARISH	—
PBNNF PT Bank Negara Indonesia (Persero) Tbk	$8.9B	4.1	12.7	11.9	20.5	25.5	6	BEARISH	-2.6
ODMUF Old Mutual Limited	$3.1B	6.6	25.4	176.9	4.2	57.6	7	BEARISH	24.1
OSHDF Oshidori International Holdings Limited	$2.4B	54.6	11.5	1.4	743.1	-1.2	4	BEARISH	843.6
CRPFY CorporaciÃ³n Financiera Colombiana S.A.	$2.2B	9.6	4.4	1.9	3.1	9.3	5	BEARISH	0.0
JFHHF Jupiter Fund Management Plc	$1.3B	8.1	19.2	32.8	10.7	19.5	7	BEARISH	50.9
IPZYF IP Group Plc	$800M	4.8	0.3	-17.2	1485.7	65.8	4	BEARISH	33.5
ALEDY Allied Group Limited	$700M	8.8	2.6	18.9	6.4	50.5	8	BEARISH	0.0
AOHLF Autohellas S.A.	$650M	7.4	18.6	9.4	5.4	-1.7	3	BEARISH	0.0
BCSS Bain Capital GSS Investment Cor	$480M	—	—	—	—	—	—	BEARISH	—
FPLPF Vanquis Banking Group plc	$400M	16.6	-13.1	6.0	2.4	-10.3	3	BEARISH	1.3
BACC Blue Acquisition Corp.	$290M	—	—	—	—	—	—	BEARISH	4.9
PLMKU Plum Acquisition Corp. I	$260M	0.3	2.9	-1.0	—	—	3	BEARISH	3.9
NMPAR NMP Acquisition Corp. Right	$190M	36.9	1.9	-0.3	—	—	2	BEARISH	—
BKAHF Bank of Ayudhya Public Company Limited	$5.2B	8.0	7.9	6.1	21.4	-0.3	5	BEARISH	1.8
CVBF CVB Financial Corp.	$3.2B	14.7	7.6	-8.2	22.0	11.7	7	BEARISH	19.2
AEOJF AEON Financial Service Co., Ltd.	$1.9B	12.4	3.1	1.8	473.9	-46.4	4	BEARISH	0.0
FSUN FirstSun Capital Bancorp	$1.9B	23.7	3.2	4.5	-14.7	7.6	4	BEARISH	1.7
LNDAF Linea Directa Aseguradora S.A.	$1.5B	9.6	29.1	75.7	8.7	87.8	5	BEARISH	-10.8
FMBH First Mid Bancshares, Inc.	$1.3B	12.4	10.0	48.0	24.2	0.5	6	BEARISH	34.5
BFST Business First Bancshares, Inc.	$1.0B	11.0	10.0	601.5	39.5	-7.6	6	BEARISH	22.9
BSRR Sierra Bancorp	$520M	11.6	12.5	-9.7	20.0	4.8	8	BEARISH	39.9
SIMA SIM Acquisition Corp. I	$340M	46.8	5.8	-23.2	—	—	3	BEARISH	4.1
CGCF Cartesian Growth Corp. Iv	$270M	—	—	—	—	—	—	BEARISH	—
FRRPF Fiera Capital Corporation	$310M	23.3	7.9	7.7	2.3	93.6	7	BEARISH	-35.8
OIM OneIM Acquisition Corp. Class A Ordinary Shares	$300M	—	—	—	—	—	—	BEARISH	—
DGAC-UN Disciplined Growth Acquisition	$230M	—	—	—	—	—	—	BEARISH	—
KOYNW CSLM Digital Asset Acquisition Corp III Warrants	$220M	27.5	1.2	-0.6	—	—	2	BEARISH	—
MCGAW Yorkville Acquisition Corp. Wt	$180M	—	—	—	—	—	—	BEARISH	-80.2
FDS FactSet Research Systems Inc.	$9.5B	18.2	25.5	17.4	19.1	6.7	5	BEARISH	-6.8
HASI HA Sustainable Infrastructure Capital, Inc.	$4.6B	55.0	3.4	1.4	106.5	-12.8	4	BEARISH	16.6
CSQ Calamos Strategic Total Return Fund	$3.3B	3.1	44.4	30.8	194.8	92.7	6	BEARISH	7.5
LKFN Lakeland Financial Corporation	$1.5B	13.5	15.0	14.4	26.4	1.8	7	BEARISH	-6.2
CCNEP CNB Financial Corporation	$1.0B	10.9	12.4	8.0	22.3	27.2	6	BEARISH	-1.1
CCBG Capital City Bank Group, Inc.	$850M	13.8	11.3	10.8	22.5	3.5	7	BEARISH	19.7
SPFI South Plains Financial, Inc.	$820M	11.3	12.0	-10.0	23.5	4.8	7	BEARISH	12.5
FISI Financial Institutions, Inc.	$790M	9.8	13.3	4.7	69.3	22.6	6	BEARISH	48.9
PFIS Peoples Financial Services Corp.	$690M	12.2	11.0	8.1	19.9	0.9	6	BEARISH	46.1
PRLPF Propel Holdings Inc.	$680M	12.1	21.6	14.8	9.0	23.8	5	BEARISH	-17.6
CRAN Crane Harbor Acquisition Corp. II Class A Ordinary Shares	$470M	78.5	1.7	-0.1	—	—	2	BEARISH	—
BDCI BTC Development Corp. Class A Ordinary Shares	$350M	109.4	-48.6	4.1	—	—	2	BEARISH	—
NODK NI Holdings, Inc.	$310M	39.8	3.2	3.9	0.2	-13.9	4	BEARISH	12.4
CUBWU Lionheart Holdings Unit	$290M	198.4	0.9	-3.9	—	—	1	BEARISH	4.3
BIII-UN Black Spade Acquisition III Co	$230M	—	—	—	—	—	—	BEARISH	—
SVCCW Stellar V Capital Corp. Warrant	$200M	46.5	2.9	-0.7	—	—	2	BEARISH	—
LFAC Leapfrog Acquisition Corporation	$190M	36.8	2.1	-0.9	—	-199.8	3	BEARISH	-5.0
ONCHU 1RT Acquisition Corp. Units	$180M	—	—	—	—	—	—	BEARISH	-0.9
OXLCG Oxford Lane Capital Corp. 7.95% Notes due 2032	$8.4B	-1.5	-58.4	-24.4	-364.5	—	3	BEARISH	-1.2
BY Byline Bancorp, Inc.	$1.7B	11.3	12.0	72.4	25.1	2.3	7	BEARISH	38.0
ASIC Ategrity Specialty Holdings LLC	$1.3B	11.7	12.7	421.6	22.5	—	4	BEARISH	46.6
GOLD Gold.com, Inc.	$1.2B	13.6	10.8	29.5	0.2	132.4	7	BEARISH	60.5
EFGZF EFG Holding S.A.E. Sponsored GDR RegS	$720M	9.8	10.8	1.0	6.3	40.2	5	BEARISH	0.0
GAINZ Gladstone Investment Corporation 4.875% Notes due 2028	$650M	3.7	33.4	10.8	324.9	24.9	4	BEARISH	2.3
BACCU Blue Acquisition Corp. Unit	$300M	—	—	—	—	—	—	BEARISH	8.1
AMACU AMR Resources Acquisition Corp	$250M	—	—	—	—	—	—	BEARISH	—
ZKPU Lafayette Digital Acquisition Corp. I Unit	$250M	—	—	—	—	—	—	BEARISH	—
IPVVU InterPrivate Investment Partners V, Inc. Units	$200M	—	—	—	—	—	—	BEARISH	—
AUB Atlantic Union Bankshares Corporation	$5.5B	11.6	9.8	8.3	27.9	34.0	6	BEARISH	11.6
EBC Eastern Bankshares, Inc.	$5.0B	12.2	9.4	-105.4	30.1	49.3	6	BEARISH	18.5
TFSL TFS Financial Corporation	$4.7B	46.0	5.3	1.2	15.1	4.9	4	BEARISH	30.7
CATY Cathay General Bancorp	$4.1B	11.8	11.7	192.4	26.4	1.2	8	BEARISH	28.2
WSFS WSFS Financial Corporation	$4.1B	13.1	11.9	-7.4	24.3	-1.2	7	BEARISH	46.4
NTB The Bank of N.T. Butterfield & Son Limited	$2.3B	10.1	20.5	-3.3	29.3	-12.3	7	BEARISH	39.4
HOPE Hope Bancorp, Inc.	$1.8B	13.7	5.7	6.0	13.2	8.4	7	BEARISH	29.9
OSBC Old Second Bancorp, Inc.	$1.3B	14.0	11.4	7.1	31.7	27.3	6	BEARISH	44.3
UVSP Univest Financial Corporation	$1.1B	12.0	10.5	8.6	18.2	2.5	9	BEARISH	41.7
CFFN Capitol Federal Financial, Inc.	$1.1B	13.2	8.0	3.1	22.4	6.3	8	BEARISH	38.8
HTB HomeTrust Bancshares, Inc.	$780M	12.0	11.2	18.2	22.5	-2.3	6	BEARISH	15.1
ATIIW Archimedes Tech SPAC Partners II Co. Warrant	$230M	-2.4	-135.5	-1.4	—	—	2	BEARISH	225.7
CCXI Churchill Capital Corp XI	$500M	-5.0	-74.2	-32.2	—	-46.6	3	BEARISH	-48.7
KRAQ KRAKacquisition Corp Class A Ordinary Shares	$430M	—	—	—	—	—	—	BEARISH	—
RMGOF Remgro Limited	$5.6B	77.1	4.0	8.5	-15.6	2.4	7	BEARISH	35.7
CSASF Credit Saison Co., Ltd.	$3.4B	9.1	8.6	2.6	10.3	11.7	4	BEARISH	18.7
CBGPF Close Brothers Group plc	$1.1B	-7.0	-8.7	2.3	0.2	-5.8	4	BEARISH	28.1
AELIY Anadolu Hayat Emeklilik Anonim Sirketi	$880M	6.0	59.8	40.3	17.1	33.9	6	BEARISH	0.0
ABTC American Bitcoin Corp	$620M	-3.0	-59.0	-30.2	-85.3	1178.5	5	BEARISH	-92.1
FAHE The Fahey Banking Company	$360M	—	—	—	—	—	—	BEARISH	0.3
SLMBP SLM Corporation	$6.6B	6.3	30.3	20.0	8.7	5.4	8	BEARISH	0.3
APMCU AmperCap Acquisition Company	$130M	—	—	—	—	—	—	BEARISH	—
ZIONP Zions Bancorporation, National Association	$9.8B	8.0	16.4	-11.1	30.6	3.9	9	BEARISH	-18.8
MEBUF Mebuki Financial Group, Inc.	$7.9B	—	—	—	—	—	—	BEARISH	inf
CCGDF China Cinda Asset Management Co., Ltd.	$5.1B	-49.9	2.7	3.5	5.7	23.1	6	BEARISH	0.0
NEA Nuveen AMT-Free Quality Municipal Income Fund	$3.0B	13.1	6.7	6.0	30.1	-25.3	4	BEARISH	-9.9
ELLA Ellington Credit Co. 8.5% 30-MAR-2031	$2.7B	—	—	—	—	—	—	BEARISH	—
CLBR Colombier Acquisition Corp. III	$310M	-171.1	-17.2	-9.5	—	-84.1	4	BEARISH	-0.9
SOCAW Solarius Capital Acquisition Corp. Warrant	$130M	—	—	—	—	—	—	BEARISH	—
AGRPY Absa Group Limited	$9.8B	7.5	28.7	18.0	11.3	16.5	4	BEARISH	14.0
SLFPY Abrdn Plc	$5.9B	11.1	14.2	14.5	35.6	8.1	5	BEARISH	24.7
STEP StepStone Group Inc.	$5.8B	-5.9	457.6	356.7	-1.3	69.7	5	BEARISH	-29.0
BIPH Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global	$5.6B	23.6	-1.7	5.9	-0.4	12.2	4	BEARISH	-11.0
CNO CNO Financial Group, Inc.	$5.0B	18.1	10.9	-11.8	9.8	6.0	6	BEARISH	38.2
FIBK First Interstate BancSystem, Inc.	$3.5B	11.1	9.6	-7.6	136.0	-33.4	7	BEARISH	15.1
HG Hamilton Insurance Group, Ltd.	$3.4B	5.8	21.7	-72.7	17.0	36.9	8	BEARISH	39.2
PLMR Palomar Holdings, Inc.	$3.4B	16.5	22.2	-70.3	16.7	60.6	6	BEARISH	15.1
TRMK Trustmark Corporation	$2.7B	11.6	11.1	66.6	26.8	17.0	8	BEARISH	18.2
CUBI Customers Bancorp, Inc.	$2.5B	8.9	14.3	6.3	20.8	15.6	7	BEARISH	17.1
SKWD Skyward Specialty Insurance Group, Inc.	$2.2B	12.4	17.3	-26.6	10.3	30.4	7	BEARISH	22.6
KNEVF Kinnevik AB	$1.8B	-2.4	-21.2	-22.5	99.1	—	2	BEARISH	—
TRST TrustCo Bank Corp NY	$950M	15.5	9.6	4.3	58.1	-10.4	6	BEARISH	55.4
NAVI Navient Corporation	$860M	-18.8	-2.0	1.9	3.7	-18.8	5	BEARISH	-29.6
WRLD World Acceptance Corporation	$810M	20.3	8.8	3.5	20.4	3.7	5	BEARISH	2.9
WASH Washington Trust Bancorp, Inc.	$730M	13.2	10.2	5.3	17.0	25.4	8	BEARISH	36.0
AROW Arrow Financial Corporation	$620M	12.1	12.0	3.6	45.2	-7.9	5	BEARISH	37.0
PKBK Parke Bancorp, Inc.	$390M	8.4	13.9	7.2	313.4	-15.1	5	BEARISH	55.9
AVBH Avidbank Holdings, Inc.	$340M	10.4	9.9	-22.0	67.3	—	4	BEARISH	22.8
PACHU Pioneer Acquisition I Corp Units	$330M	27.9	1.6	-0.2	—	—	2	BEARISH	3.6
SVIVU Spring Valley Acquisition Corp. IV Units	$320M	—	—	—	—	—	—	BEARISH	—
CRAQR Cal Redwood Acquisition Corp. Right	$190M	—	—	—	—	—	—	BEARISH	—
IRAB Iris Acquisition Corp II	$170M	—	—	—	—	—	—	BEARISH	—
GAMI GAMCO Investors, Inc.	$550M	8.0	40.2	66.3	30.9	10.1	7	BEARISH	9.5
NEWTP NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B	$410M	4.7	15.8	21.5	15.4	—	2	BEARISH	-0.2
FCBM First Carolina Financial Services	$380M	—	—	—	—	—	—	BEARISH	—
MARA Marathon Digital Holdings, Inc.	$4.3B	-1.2	-107.1	-17.1	-348.6	0.7	4	BEARISH	-39.7
CLSK CleanSpark, Inc.	$3.3B	-3.4	-68.6	-24.4	-173.8	7.5	4	BEARISH	-12.7
HFAHF Navigator Global Investments Limited	$880M	42.6	17.7	19.8	8.9	106.3	7	BEARISH	6.6
GLAD Gladstone Capital Corporation	$430M	8.9	9.9	5.9	67.3	-17.3	2	BEARISH	-9.9
BIXI Bitcoin Infrastructure Acquisition Corp Ltd.	$230M	—	—	—	—	—	—	BEARISH	—
WLCOU Wilco 63 Corporation	$230M	—	—	—	—	—	—	BEARISH	—
VOYA Voya Financial, Inc.	$8.8B	16.2	13.1	8.4	5.0	-25.5	6	BEARISH	31.1
EDNMY Edenred S.A.	$7.3B	12.7	-103.1	-124.4	15.7	20.7	8	BEARISH	26.1
ACT Enact Holdings Inc.	$6.3B	9.5	12.9	-145.4	55.1	2.4	7	BEARISH	20.2
HWC Hancock Whitney Corporation	$5.9B	14.2	9.7	8.6	24.4	-2.7	5	BEARISH	17.9
HOMB Home Bancshares, Inc.	$5.8B	11.8	11.1	9.3	30.6	-3.8	7	BEARISH	2.5
ONEXF Onex Corporation	$5.6B	11.0	5.3	5.0	207.9	-67.0	4	BEARISH	-15.1
FFIN First Financial Bankshares, Inc.	$4.6B	17.1	14.4	15.0	32.4	10.5	6	BEARISH	-3.9
UCB United Community Banks, Inc.	$4.1B	11.1	10.3	-336.3	30.2	5.6	8	BEARISH	11.2
AOZOY Aozora Bank, Ltd.	$2.7B	15.2	5.6	-17.7	6.6	168.8	5	BEARISH	25.5
ZIZTF Zip Co Limited	$1.7B	22.6	36.6	16.0	9.4	55.0	6	BEARISH	-56.4
PEBO Peoples Bancorp Inc.	$1.4B	11.2	10.0	5.5	18.7	-1.4	6	BEARISH	27.8
JCAP Jefferson Capital, Inc. Common Stock	$1.2B	7.2	34.6	6.1	23.3	—	4	BEARISH	10.6
THFF First Financial Corporation	$890M	10.5	13.4	606.6	24.0	-1.5	6	BEARISH	35.9
TCBX Third Coast Bancshares, Inc.	$610M	9.2	12.7	-19.5	43.2	-0.8	6	BEARISH	16.2
CSHX Cashmere Valley Bank	$330M	12.4	11.1	8.8	22.3	13.4	6	BEARISH	28.8
FVCB FVCBankcorp, Inc.	$320M	12.4	10.2	9.1	270.9	-17.3	7	BEARISH	39.3
CEPV Cantor Equity Partners V, Inc. Class A Ordinary Shares	$260M	—	—	—	—	—	—	BEARISH	—
KCAC-UN Kensington Capital Acquisition Corp. IV	$240M	-34.3	-10.1	-10.0	-22.4	—	1	BEARISH	—
AEAQ Activate Energy Acquisition Corp.	$240M	—	—	—	—	—	—	BEARISH	—
AACP Apogee Acquisition Corp Class A Ordinary Shares	$180M	—	—	—	—	—	—	BEARISH	—
RWAYI Runway Growth Finance Corp. 7.25% Notes due 2031	$890M	—	—	—	—	—	—	BEARISH	—
IEAG Infinite Eagle Acquisition Corp. Class A Ordinary Shares	$310M	—	—	—	—	—	—	BEARISH	—
NXP Nuveen Select Tax-Free Income Portfolio	$840M	—	—	—	—	—	—	BEARISH	-7.6
BRSGF Queen's Road Capital Investment Ltd.	$530M	2.1	55.0	40.4	-853.6	37.3	7	BEARISH	60.7
PBFS Pioneer Bancorp, Inc.	$450M	25.4	6.2	15.2	16.4	13.0	4	BEARISH	35.2
CFR-PB Cullen/Frost Bankers, Inc.	$9.8B	14.6	15.5	7.3	29.8	-8.0	6	BEARISH	-13.1
ABDBY Alm. Brand A/S	$3.4B	25.5	8.1	8.5	1.0	94.1	6	BEARISH	23.8
FRMEP First Merchants Corporation	$2.8B	12.8	7.4	47.5	14.8	5.0	4	BEARISH	-0.7
AJMPF Ashmore Group plc	$1.8B	13.4	22.1	29.9	56.2	-25.2	6	BEARISH	20.3
NUV Nuveen Municipal Value Fund, Inc.	$1.7B	—	—	—	—	—	—	BEARISH	-6.8
PAX Patria Investments Ltd	$1.6B	22.7	12.3	11.5	9.1	9.5	5	BEARISH	-27.8
BCSF Bain Capital Specialty Finance, Inc.	$720M	11.1	5.8	4.2	31.0	-6.1	5	BEARISH	-18.5
GUAC Berto Acquisition Corp. II	$390M	—	—	—	—	—	—	BEARISH	—
TREE LendingTree, Inc.	$340M	1.9	82.8	47.4	3.1	25.3	7	BEARISH	-61.9
RTACU Renatus Tactical Acquisition Corp I	$330M	36.9	2.3	-0.4	—	—	2	BEARISH	-6.1
TBCRF Timbercreek Financial Corp.	$310M	17.5	3.8	2.4	19.8	-4.6	5	BEARISH	-32.3
RREVU RRE Ventures Acquisition Corp. Units	$250M	—	—	—	—	—	—	BEARISH	—
FCFS FirstCash Holdings, Inc	$9.1B	24.0	17.4	10.1	8.7	21.6	7	BEARISH	38.9
AZIHF Azimut Holding S.p.A.	$5.9B	10.2	28.0	33.2	29.4	22.9	7	BEARISH	2.6
ELFIF E-L Financial Corporation Limited	$4.3B	3.3	20.1	23.7	56.8	20.5	6	BEARISH	6.5
EQGPF EQB Inc.	$3.2B	-592.2	-0.0	0.0	-15.7	81.4	3	BEARISH	31.6
ECPG Encore Capital Group, Inc.	$2.1B	7.1	30.5	9.6	13.0	29.4	6	BEARISH	136.3
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund	$1.7B	—	—	—	—	—	—	BEARISH	7.1
CNOBP ConnectOne Bancorp, Inc.	$1.6B	9.1	10.2	18.2	141.6	11.9	6	BEARISH	7.4
TRIN Trinity Capital Inc.	$1.6B	9.2	15.3	8.5	63.8	4.1	3	BEARISH	15.7
MBWM Mercantile Bank Corporation	$1.0B	10.5	13.7	38.5	26.4	4.3	6	BEARISH	33.8
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund	$490M	3.6	30.8	22.8	162.3	16.2	7	BEARISH	10.0
VHCPU Vine Hill Capital Investment Corp. II	$310M	—	—	—	—	—	—	BEARISH	—
PALOU Paloma Acquisition Corp I	$170M	—	—	—	—	—	—	BEARISH	—
MACIW Melar Acquisition Corp. I Warrant	$150M	55.2	3.9	-286.6	—	—	3	BEARISH	-63.7
FFBC First Financial Bancorp.	$3.3B	11.1	10.3	-14.8	24.3	8.3	6	BEARISH	27.1
FBK FB Financial Corporation	$2.8B	14.2	10.0	8.1	23.0	16.9	7	BEARISH	-4.3
TCBK TriCo Bancshares	$1.7B	12.5	10.4	10.5	24.8	4.3	9	BEARISH	21.4
LAUCF Laurentian Bank of Canada	$1.4B	-80.2	-0.3	-0.1	0.3	-17.5	4	BEARISH	73.8
TGONF Tetragon Financial Group Limited	$1.1B	3.6	5.9	5.8	134.8	-47.6	4	BEARISH	-29.2
CVTGF Clairvest Group Inc.	$660M	7.8	10.5	13.0	-105.2	-33.8	4	BEARISH	0.0
GLOH Glow Holdings, Inc.	$380M	—	—	—	—	—	—	BEARISH	56.2
BEAG Bold Eagle Acquisition Corp.	$340M	42.7	2.4	-0.4	—	—	3	BEARISH	2.6
OBAWU Oxley Bridge Acquisition Limited Unit	$320M	27.8	2.4	-0.1	—	—	2	BEARISH	3.7
LPAAU Launch One Acquisition Corp. Unit	$250M	41.7	3.2	-0.8	—	—	3	BEARISH	2.7
CAQ Cambridge Acquisition Corp. Class A Ordinary Shares	$250M	—	—	—	—	—	—	BEARISH	—
FHI Federated Hermes, Inc.	$4.3B	10.3	34.8	31.4	20.7	15.5	7	BEARISH	11.1
SFB Stifel Financial Corporation 5.20% Senior Notes due 2047	$1.9B	7.7	8.0	10.7	15.7	—	2	BEARISH	—
ATLCP Atlanticus Holdings Corporation	$1.6B	9.6	23.6	3.5	9.0	212.1	7	BEARISH	-2.0
AMBZ American Business Bank	$640M	10.7	14.4	17.3	30.4	18.5	7	BEARISH	32.8
GTEN Gores Holdings X, Inc.	$470M	74.7	0.6	4.1	—	—	3	BEARISH	2.6
CCIIW Cohen Circle Acquisition Corp. II Warrant	$310M	42.9	1.5	-0.3	—	—	2	BEARISH	-30.0
PMTRU Perimeter Acquisition Corp. I	$250M	—	—	—	—	—	—	BEARISH	4.1
ITHAW ITHAX Acquisition Corp.	$180M	—	—	—	—	—	—	BEARISH	—
AHL-PE Aspen Insurance Holdings Limited	$3.2B	23.4	9.7	-8.6	16.5	-2.5	5	BEARISH	-15.8
CEVIF China Everbright Limited	$1.3B	-2.3	-15.6	9.2	-168.2	58.5	5	BEARISH	-37.7
TVACU Texas Ventures Acquisition III Corp Units	$560M	-6.9	7.3	17.0	-8.1	—	2	BEARISH	-5.8
AEAQU Activate Energy Acquisition Corp. Unit	$240M	67.4	0.2	-0.1	—	—	2	BEARISH	—
CATLU Catalyst Acquisition Corp. Units	$200M	—	—	—	—	—	—	BEARISH	—
AACPW Apogee Acquisition Corp	$180M	—	—	—	—	—	—	BEARISH	—
JYSKY Jyske Bank A/S	$7.6B	12.5	10.7	1.0	20.4	-4.8	5	BEARISH	39.5
MORN Morningstar, Inc.	$6.9B	17.3	32.0	18.8	16.3	9.3	6	BEARISH	-19.0
CGABL The Carlyle Group Inc. 4.625% Subordinated Notes due 2061	$5.5B	39.3	5.2	1.2	12.2	-41.9	3	BEARISH	-13.8
SIGIP Selective Insurance Group, Inc.	$5.3B	10.6	14.2	11.4	9.3	6.9	8	BEARISH	-13.7
JSM Navient Corporation SR NT 6% 121543	$4.6B	-34.8	-2.0	42.7	3.7	-40.5	6	BEARISH	-14.8
AMMHF AMMB Holdings Berhad	$4.2B	10.0	9.9	4.8	31.5	43.6	8	BEARISH	-3.9
BOH-PA Bank of Hawaii Corporation	$3.1B	12.8	13.0	17.0	23.7	5.6	9	BEARISH	-13.7
CFNCF Compagnie FinanciÃ¨re Tradition S.A.	$2.6B	13.4	57.9	59.8	13.2	12.0	7	BEARISH	135.3
WAFDP WaFd, Inc.	$2.6B	9.4	8.5	4.5	18.6	-4.6	6	BEARISH	-5.2
AGM Federal Agricultural Mortgage	$2.3B	11.7	13.5	1.4	14.9	-12.6	7	BEARISH	31.8
OFG OFG Bancorp	$2.2B	10.2	16.1	-17.0	25.5	8.5	7	BEARISH	19.9
CCXIW Churchill Capital Corp XI Warrants	$2.2B	—	—	—	—	—	—	BEARISH	—
UWMC UWM Holdings Corporation	$1.9B	-15.7	-24.0	5.3	-9.1	70.1	3	BEARISH	-79.5
RBCAA Republic Bancorp, Inc.	$1.6B	14.4	11.5	12.6	25.5	-1.5	7	BEARISH	32.1
ORRF Orrstown Financial Services, Inc.	$820M	8.9	14.8	-83.4	23.9	0.0	5	BEARISH	24.7
LCLN Lincoln International Inc.	$820M	—	—	—	—	—	—	BEARISH	—
NRK Nuveen New York AMT-Free Quality Municipal Income Fund	$820M	-10.6	1.9	1.5	-226.8	2.9	7	BEARISH	-6.7
SGCFF Sagicor Financial Company Ltd.	$790M	6.7	11.7	20.6	18.1	31.3	7	BEARISH	34.7
PGC Peapack-Gladstone Financial Corporation	$790M	15.2	7.7	71.7	13.1	11.2	8	BEARISH	64.3
MHLA Maiden Holdings, Ltd. 6.625 NT 2046	$780M	-4.5	-147.1	1.1	-61.5	-57.8	3	BEARISH	-40.9
CPPTL Copper Property CTL Pass Through Trust	$770M	22.0	3.7	-3.8	56.1	-1.8	5	BEARISH	-14.3
CSHR CoinShares PLC Ordinary Shares	$650M	—	—	—	—	—	—	BEARISH	—
RPC Ridgepost Capital, Inc.	$600M	30.5	4.3	3.1	9.0	—	4	BEARISH	—
BWB Bridgewater Bancshares, Inc.	$580M	10.9	11.0	12.4	58.1	-5.2	5	BEARISH	19.8
NTWOW Newbury Street II Acquisition Corp	$500M	52.0	2.8	-1.1	—	—	3	BEARISH	578.1
GLRE Greenlight Capital Re, Ltd.	$490M	9.8	7.5	49.4	-17.9	0.3	6	BEARISH	18.0
ALTI AlTi Global, Inc.	$430M	-2.9	-17.4	-9.0	-40.5	28.4	6	BEARISH	-14.9
GCGR General Catalyst Global Resilience Merger Corp.	$420M	—	—	—	—	—	—	BEARISH	—
HKHC Horizon Kinetics Holding Corporation	$420M	9.1	12.7	1.5	-96.5	5.5	3	BEARISH	-39.3
AEXA American Exceptionalism Acquisition Corp. A	$390M	—	—	—	—	—	—	BEARISH	1.8
ALFUU Centurion Acquisition Corp. Unit	$390M	40.9	4.2	-0.8	—	100.0	3	BEARISH	2.4
MRCOU Mercator Acquisition Corp.	$330M	—	—	—	—	—	—	BEARISH	—
SDHIR Siddhi Acquisition Corp.	$310M	34.0	7.8	-0.3	—	—	4	BEARISH	—
HACQ HCM IV Acquisition Corp. Class A Ordinary Share	$290M	—	—	—	—	—	—	BEARISH	—
MACIU Melar Acquisition Corp. I	$250M	55.2	3.9	-286.6	—	—	3	BEARISH	7.2
PTORU Praetorian Acquisition Corp. Units	$220M	—	—	—	—	—	—	BEARISH	—
GLXY Galaxy Digital	$7.7B	-54.5	18.2	11.9	-0.2	564.4	6	BEARISH	-6.7
BBDC Barings BDC, Inc.	$900M	10.4	7.5	5.7	21.9	29.0	7	BEARISH	3.0
SOR Source Capital, Inc.	$370M	7.4	19.4	18.3	106.6	20.4	5	BEARISH	0.7
CION CION Investment Corporation	$350M	25.9	1.8	3.7	98.0	42.8	6	BEARISH	-23.1
DBCA D. Boral Acquisition I Corp. Class A Ordinary Shares	$310M	—	—	—	—	—	—	BEARISH	—
SVIV Spring Valley Acquisition Corp. IV Class A Ordinary Shares	$230M	—	—	—	—	—	—	BEARISH	—
CEPO Cantor Equity Partners I, Inc. Class A Ordinary Shares	$220M	-39.3	-7.5	-0.5	—	—	3	BEARISH	2.7
BID Tribeca Strategic Acquisition Corp.	$200M	—	—	—	—	—	—	BEARISH	—
PAAC Proem Acquisition Corp I Ordinary Shares	$180M	—	—	—	—	—	—	BEARISH	—
ENVA Enova International, Inc.	$4.3B	12.1	26.1	10.0	21.3	2.8	6	BEARISH	54.0
RNST Renasant Corporation	$3.6B	11.9	8.2	3.4	71.4	6.3	6	BEARISH	10.2
PRK Park National Corporation	$3.3B	16.3	12.6	5.2	72.6	-8.2	6	BEARISH	15.3
TKKHF Tikehau Capital	$3.3B	11.7	13.3	12.6	42.6	15.2	7	BEARISH	-12.0
NINTF Ninety One Group	$2.5B	11.8	56.7	81.7	22.3	12.6	6	BEARISH	3.6
SYBT Stock Yards Bancorp, Inc.	$2.3B	15.6	13.6	14.9	31.2	5.1	6	BEARISH	14.2
NWBI Northwest Bancshares, Inc.	$2.2B	14.4	8.6	14.5	37.5	3.0	4	BEARISH	25.5
TBBK The Bancorp, Inc.	$2.0B	9.1	29.6	591.4	29.6	-7.2	5	BEARISH	-33.8
UNPA UNB Corp.	$1.9B	—	—	—	—	—	—	BEARISH	23.9
CSWC Capital Southwest Corporation	$1.5B	12.3	11.9	6.1	50.9	35.5	4	BEARISH	11.8
GDOT Green Dot Corporation	$710M	-26.2	-2.8	-9.1	-0.4	17.7	4	BEARISH	-4.3
TIPT Tiptree Inc.	$650M	1.7	56.9	2.9	—	-73.7	5	BEARISH	-7.2
OCCIM OFS Credit Company, Inc.	$730M	—	—	—	—	—	—	BEARISH	—
BCCQ Bleichroeder Acquisition Corp. Iii	$300M	—	—	—	—	—	—	BEARISH	—
KBON Karbon Capital Partners Corp.	$360M	—	—	—	—	—	—	BEARISH	—
FINN First National of Nebraska, Inc.	$5.2B	8.4	8.0	32.2	0.0	-46.4	4	BEARISH	38.9
FNNTF flatexDEGIRO AG	$3.6B	15.5	38.3	-10.4	33.8	34.3	7	BEARISH	4.3
ZNKKY ZENKOKU HOSHO Co.,Ltd.	$2.6B	12.0	13.5	18.3	60.5	3.9	7	BEARISH	-13.5
SHGKY Sun Hung Kai & Co. Limited	$770M	5.6	11.8	14.0	28.3	139.3	6	BEARISH	-21.0
OACC Oaktree Acquisition Corp. II	$260M	38.0	3.6	-0.6	—	—	4	BEARISH	2.1
STJPF St. James's Place plc	$7.1B	9.7	80.9	64.5	1.4	56.1	6	BEARISH	-15.7
SFBS ServisFirst Bancshares, Inc.	$4.4B	13.7	17.3	64.8	32.6	3.5	8	BEARISH	-50.0
BANF BancFirst Corporation	$3.6B	14.4	13.7	-7.3	36.5	-16.7	7	BEARISH	-13.7
FHB First Hawaiian, Inc.	$3.1B	10.9	10.3	5.7	66.4	-12.5	6	BEARISH	4.0
EHMEF goeasy Ltd.	$490M	-2.1	-34.0	7.9	4.1	19.5	5	BEARISH	-75.6
GSRV GSR V Acquisition Corp.	$370M	—	—	—	—	—	—	BEARISH	—
VACI-UN Viking Acquisition Corp. I	$230M	—	—	—	—	—	—	BEARISH	—
NDBKY Nedbank Group Limited Sponsored ADR	$7.9B	14.8	27.9	51.2	9.8	25.4	6	BEARISH	35.0
LNC Lincoln National Corporation	$7.7B	3.4	22.6	-6.9	29.3	7.2	4	BEARISH	1.6
THG The Hanover Insurance Group, Inc.	$7.6B	10.3	21.9	30.2	11.1	5.8	8	BEARISH	21.5
KNSL Kinsale Capital Group, Inc.	$7.5B	13.3	30.3	27.9	32.1	15.8	7	BEARISH	-21.0
RIOT Riot Platforms, Inc.	$7.5B	-5.4	-48.2	-17.3	-136.1	24.5	5	BEARISH	4.2
FGN F&G Annuities & Life, Inc.	$4.2B	7.3	9.3	54.4	-5.3	14.8	6	BEARISH	-9.9
BFH Bread Financial Holdings, Inc.	$4.0B	7.5	17.4	19.1	12.3	0.7	7	BEARISH	79.1
INDB Independent Bank Corp.	$3.9B	14.5	8.2	5.6	28.3	26.5	7	BEARISH	15.8
CNS Cohen & Steers, Inc.	$3.8B	22.3	30.1	138.4	29.6	5.9	4	BEARISH	14.2
SII Sprott Inc.	$3.0B	28.4	28.6	47.5	43.1	107.3	7	BEARISH	41.8
AFFS AmTrust Financial Services, Inc.	$3.0B	-0.0	5.6	-14.8	-5.4	0.4	5	BEARISH	-7.7
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund	$2.9B	—	—	—	—	—	—	BEARISH	5.1
BANR Banner Corporation	$2.3B	11.1	10.8	4.5	82.8	-22.1	7	BEARISH	7.6
FCF First Commonwealth Financial Corporation	$2.1B	12.5	10.9	168.6	66.6	-12.0	7	BEARISH	23.0
USA Liberty All-Star Equity Fund	$1.8B	—	—	—	—	—	—	BEARISH	-6.4
EZPW EZCORP, Inc.	$1.8B	11.7	14.7	9.9	9.1	28.6	6	BEARISH	66.6
BHRB Burke & Herbert Financial Services Corp.	$1.4B	11.1	9.8	-48.8	11.8	-10.1	5	BEARISH	16.1
NBN Northeast Bank	$1.1B	9.8	19.6	7.4	32.8	10.5	3	BEARISH	28.8
MHNC Maiden Holdings North America, Ltd.	$1.0B	-5.2	-83.5	-847.4	-61.5	3.0	2	BEARISH	-39.9
PSEC-PA Prospect Capital Corporation	$1.0B	35.7	4.1	5.2	-1.2	331.0	6	BEARISH	-6.9
EQBK Equity Bancshares, Inc.	$980M	26.8	4.9	-9.6	22.8	14.8	4	BEARISH	18.3
KBDC Kayne Anderson BDC, Inc.	$840M	11.6	6.7	-1.1	24.6	9.5	7	BEARISH	-3.6
SYBJF Security Bank Corporation	$750M	3.9	7.8	7.4	16.5	27.0	5	BEARISH	-28.3
FMNB Farmers National Banc Corp.	$680M	10.7	9.8	5.5	22.3	3.2	5	BEARISH	8.9
DGICA Donegal Group Inc.	$670M	9.3	11.2	34.1	9.3	-3.1	5	BEARISH	-4.2
HIFS Hingham Institution for Savings	$630M	9.5	13.9	3.5	35.3	12.9	6	BEARISH	8.9
SFST Southern First Bancshares, Inc.	$580M	12.9	9.9	7.1	18.2	-2.3	7	BEARISH	39.3
NML Neuberger Energy Infrastructure and Income Fund Inc.	$570M	4.1	38.1	29.1	273.0	37.2	6	BEARISH	17.4
NOAH Noah Holdings Limited	$520M	1.2	6.2	13.0	37.5	1.0	8	BEARISH	-35.8
CBK Commercial Bancgroup, Inc. Common Stock	$440M	10.8	9.8	9.4	31.1	—	4	BEARISH	—
AMSF AMERISAFE, Inc.	$440M	9.4	18.2	13.1	15.9	9.5	4	BEARISH	-43.5
NEWTI NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028	$420M	4.7	18.0	21.5	15.4	-7.0	4	BEARISH	2.2
NEWTG NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029	$420M	—	—	—	—	—	—	BEARISH	2.9
TRRVX T. Rowe Price Target 2025	$400M	—	—	—	—	—	—	BEARISH	-1.2
ISTR Investar Holding Corporation	$400M	11.3	9.9	37.2	16.8	22.1	6	BEARISH	27.8
CNND Canandaigua National Corporation	$400M	6.9	26.9	14.6	29.3	8.0	6	BEARISH	15.8
AMIVF Atrium Mortgage Investment Corporation	$380M	11.4	9.1	7.4	62.9	-4.0	7	BEARISH	-5.4
CCIIU Cohen Circle Acquisition Corp. II Unit	$360M	42.9	1.5	-0.3	—	—	2	BEARISH	1.4
WSBF Waterstone Financial, Inc.	$360M	11.6	8.7	3.2	116.1	-16.8	6	BEARISH	30.2
ARCI Archimedes Tech SPAC Partners III Co.	$360M	—	—	—	—	—	—	BEARISH	—
CRANU Crane Harbor Acquisition Corp. II Units	$360M	171.8	1.8	-0.2	—	—	2	BEARISH	—
CAIIU Collective Acquisition Corp. II Units	$300M	—	—	—	—	—	—	BEARISH	—
FRMO FRMO Corp.	$300M	3.1	0.9	6.6	-1673.1	108.4	9	BEARISH	-21.6
WENNW Wen Acquisition Corp Warrant	$280M	—	—	—	—	—	—	BEARISH	-62.0
FACTU FACT II Acquisition Corp. Unit	$260M	54.0	2.2	-1.6	—	-100.0	4	BEARISH	4.4
HCMAU HCM III Acquisition Corp.	$230M	62.8	0.6	-0.3	—	—	2	BEARISH	1.2
ARCIU Archimedes Tech SPAC Partners III Co. Units	$210M	—	—	—	—	—	—	BEARISH	—
MAQCU Maquia Capital Acquisition Corporation	$210M	-16.9	-36.7	28.3	—	324.1	5	BEARISH	0.0
TVIVU Texas Ventures Acquisition IV Corp	$170M	—	—	—	—	—	—	BEARISH	—
DYNCW Dynamix Corporation Warrant - on Dynamix	$160M	—	—	—	—	—	—	BEARISH	—
LGYV Legacy Ventures International, Inc.	$130M	-1923.1	67.1	39.8	—	100.0	3	BEARISH	0.0
UMBF UMB Financial Corporation	$9.9B	10.8	12.3	7.4	24.9	41.6	7	BEARISH	11.1
SSB SouthState Bank Corp.	$9.9B	10.6	10.6	18.9	58.2	7.5	6	BEARISH	4.2
WTFC Wintrust Financial Corporation	$9.8B	11.5	12.2	-29.1	21.2	6.1	8	BEARISH	10.6
ORI Old Republic International Corporation	$9.3B	8.1	18.6	20.4	12.9	11.6	7	BEARISH	-10.4
PRI Primerica, Inc.	$8.6B	11.0	33.0	31.1	23.4	7.6	8	BEARISH	-0.1
COLB Columbia Banking System, Inc.	$8.2B	11.5	11.0	6.2	22.0	21.2	7	BEARISH	12.9
PB Prosperity Bancshares, Inc.	$8.1B	11.7	7.1	6.3	32.4	2.0	7	BEARISH	1.5
CBSH Commerce Bancshares, Inc.	$8.1B	13.5	14.6	-27.4	32.0	2.6	5	BEARISH	-6.4
BOKF BOK Financial Corporation	$7.8B	12.1	10.9	23.8	20.1	3.4	9	BEARISH	15.9
OMF OneMain Holdings, Inc.	$6.5B	8.4	23.3	5.4	9.4	7.0	7	BEARISH	2.1
FAF First American Financial Corporation	$6.4B	8.6	13.9	8.6	1776.4	-35.7	7	BEARISH	-1.4
FNB F.N.B. Corporation	$6.2B	10.3	9.0	5.3	22.0	3.7	7	BEARISH	9.6
IGGRF IG Group Holdings plc	$6.0B	9.3	29.5	47.7	27.1	10.8	5	BEARISH	14.6
JMCEX JPMorgan Mid Cap Equity R2	$5.9B	—	—	—	—	—	—	BEARISH	5.0
ESNT Essent Group Ltd.	$5.5B	8.3	12.0	1468.8	52.3	1.3	5	BEARISH	-2.7
MTG MGIC Investment Corporation	$5.5B	8.4	13.9	-290.7	61.7	-1.9	4	BEARISH	-3.6
CACC Credit Acceptance Corporation	$5.5B	11.4	31.9	9.9	23.1	3.8	9	BEARISH	10.1
ABCB Ameris Bancorp	$5.5B	14.7	9.4	7.2	11.9	4.7	6	BEARISH	11.5
AX Axos Financial, Inc.	$5.1B	10.3	16.8	15.9	21.9	13.5	6	BEARISH	6.5
RYAN Ryan Specialty Holdings, Inc.	$4.9B	39.6	33.6	13.4	11.8	15.2	9	BEARISH	-30.7
IBOC International Bancshares Corporation	$4.3B	10.5	12.9	11.3	36.3	2.1	6	BEARISH	1.8
RDN Radian Group Inc.	$4.3B	8.2	11.5	9.4	20.2	30.0	6	BEARISH	-7.9
PSKRF Protector Forsikring ASA	$4.2B	16.9	51.5	24.3	18.6	16.7	4	BEARISH	339.1
FBP First BanCorp.	$4.1B	11.3	19.5	23.0	29.7	5.3	8	BEARISH	25.8
BANC-PF Banc of California, Inc.	$4.0B	-43.3	-0.6	2.6	-57.9	1.0	5	BEARISH	1.8
GNW Genworth Financial, Inc.	$3.7B	17.5	2.4	-0.9	2.5	-1.1	7	BEARISH	8.0
SEZL Sezzle Inc.	$3.6B	22.5	88.9	63.8	27.2	43.1	9	BEARISH	36.3
PJT PJT Partners Inc.	$3.5B	15.4	83.2	71.0	9.4	22.9	9	BEARISH	-20.0
SPIZF Sparebanken Norge	$3.4B	12.6	14.1	2.1	52.1	50.8	7	BEARISH	13.5
TOWN TowneBank	$3.3B	10.1	12.0	9.6	38.8	23.6	6	BEARISH	5.3
WWUEY WÃ¼stenrot & WÃ¼rttembergische AG	$3.3B	9.2	3.9	-38.6	3.6	-6.0	6	BEARISH	5.3
MCHB Mechanics Bank	$3.3B	11.9	18.2	-15.6	22.0	46.1	6	BEARISH	14.7
CBU Community Bank System, Inc.	$3.2B	14.1	11.5	-11.7	22.9	7.1	9	BEARISH	5.1
SBCF Seacoast Banking Corporation of Florida	$3.2B	19.7	6.1	-14.5	23.3	13.8	6	BEARISH	7.8
NMIH NMI Holdings, Inc.	$3.0B	7.5	15.4	13.0	56.3	7.5	7	BEARISH	3.5
PFS Provident Financial Services, Inc.	$2.9B	9.4	11.1	6.9	23.9	104.2	6	BEARISH	18.2
BBT Beacon Financial Corp.	$2.4B	21.5	6.0	3.5	20.2	62.4	5	BEARISH	21.6
KYN Kayne Anderson Energy Infrastructure Fund Inc.	$2.4B	4.8	19.7	2.1	9.4	353.8	4	BEARISH	14.9
EFSC Enterprise Financial Services Corp	$2.2B	11.9	9.6	7.8	16.9	19.9	8	BEARISH	5.4
HMN Horace Mann Educators Corporation	$1.8B	10.5	12.4	-4.8	9.4	8.0	7	BEARISH	2.7
NBHC National Bank Holdings Corporation	$1.7B	14.8	6.5	55.0	20.8	0.8	5	BEARISH	0.0
LOB Live Oak Bancshares, Inc.	$1.7B	12.7	11.6	28.3	13.5	11.2	5	BEARISH	4.6
GSHD Goosehead Insurance, Inc	$1.7B	31.8	-37.0	36.4	8.9	17.7	6	BEARISH	-36.2
SPXXF SpareBank 1 Nord-Norge	$1.6B	11.7	14.2	7.0	34.7	25.0	5	BEARISH	18.3
TFIN Triumph Financial, Inc.	$1.5B	42.0	4.1	5.5	10.5	-2.9	5	BEARISH	30.5
CYMBF Cymbria Corporation	$1.4B	8.0	13.7	13.4	162.2	22.3	5	BEARISH	6.2
PRG PROG Holdings, Inc.	$1.2B	8.4	19.9	10.4	6.1	0.2	3	BEARISH	-2.8
FSBC Five Star Bancorp	$1.1B	12.9	16.2	17.5	26.1	19.5	7	BEARISH	36.8
IGIC International General Insurance Holdings Ltd.	$1.1B	9.9	16.3	-19.0	14.7	-5.4	4	BEARISH	4.5
EMO ClearBridge Energy Midstream Opportunity Fund Inc	$1.0B	4.5	41.9	27.4	1051.7	-61.0	4	BEARISH	14.1
CPF Central Pacific Financial Corp.	$950M	11.6	14.2	-5.9	49.5	-9.1	7	BEARISH	22.2
CHY Calamos Convertible and High Income Fund	$940M	2.9	42.2	29.0	313.1	661.5	7	BEARISH	7.3
AGFMF AGF Management Limited	$690M	7.0	11.6	11.1	20.5	11.2	7	BEARISH	4.9
BOE BlackRock Enhanced Global Dividend Trust	$650M	7.0	21.8	16.1	103.0	337.3	7	BEARISH	1.8
KRNY Kearny Financial Corp.	$590M	16.1	4.8	4.3	8.2	1.1	8	BEARISH	44.5
UNTY Unity Bancorp, Inc.	$560M	9.5	17.0	18.3	29.8	18.2	7	BEARISH	14.5
NRIM Northrim BanCorp, Inc.	$550M	8.0	21.5	-37.6	24.0	11.6	7	BEARISH	16.2
SBIGY Sabre Insurance Group plc	$530M	11.5	31.6	28.8	18.3	4.2	6	BEARISH	27.1
HBCP Home Bancorp, Inc.	$530M	11.2	10.8	-52.6	21.9	2.1	9	BEARISH	25.3
PBAM Private Bancorp of America, Inc.	$500M	11.2	18.1	138.1	29.6	17.6	7	BEARISH	46.9
CBAN Colony Bankcorp, Inc.	$430M	12.4	9.6	2.5	137.3	-12.9	4	BEARISH	21.7
IMMFF Omni Bridgeway Limited	$320M	8.1	87.1	-0.1	-112.6	95.1	4	BEARISH	19.6
TWFG TWFG, Inc. Common Stock	$320M	40.3	14.1	-216.9	2.7	37.3	7	BEARISH	-7.2
RAC Rithm Acquisition Corp.	$250M	35.5	3.7	-0.4	—	—	2	BEARISH	2.9
CHECU Chenghe Acquisition III Co. Units	$130M	—	—	—	—	—	—	BEARISH	2.7
BCCQU Bleichroeder Acquisition Corp. III	$350M	—	—	—	—	—	—	BEARISH	—
MRCOW Mercator Acquisition Corp. Warrant	$220M	—	—	—	—	—	—	BEARISH	—
WSBCO WesBanco, Inc.	$3.9B	10.9	4.4	33.2	24.0	—	4	BEARISH	—
LAZ Lazard Inc	$3.5B	15.8	27.4	15.3	0.6	6.9	5	BEARISH	-29.2
PLSQF Plus500 Ltd.	$3.4B	10.6	85.9	-172.9	32.8	9.5	7	BEARISH	17.9
AGM-PG Federal Agricultural Mortgage Corporation	$2.0B	11.7	13.5	1.4	14.9	-12.6	7	BEARISH	-13.6
PSUS Pershing Square USA, Ltd.	$1.5B	—	—	—	—	—	—	BEARISH	—
INJJF Intrum AB (publ)	$940M	-1.0	-15.7	6.3	4.4	-0.4	5	BEARISH	-94.7
FRBT Forbright, Inc. Class A Common Stock	$910M	—	—	—	—	—	—	BEARISH	—
PRRCF ProCredit Holding AG & Co. KGaA	$540M	6.7	8.0	18.9	15.2	24.7	3	BEARISH	-23.6
OPP-PA RiverNorth/DoubleLine Strategic Opportunity Fund	$460M	12.0	15.4	15.4	83.7	0.7	5	BEARISH	-11.6
MYN BlackRock MuniYield New York Quality Fund, Inc.	$340M	55.9	1.7	9.5	247.3	11.3	7	BEARISH	-9.5
NAN Nuveen New York Quality Municipal Income Fund	$320M	-13.2	-2.5	2.3	-188.2	4.8	5	BEARISH	-12.0
PPT Franklin Premier Income Trust	$310M	—	—	—	—	—	—	BEARISH	-8.9
IFS Intercorp Financial Services Inc.	$5.9B	9.7	17.2	-11.2	24.0	23.3	7	BEARISH	33.0
LTSAP Osaic Financial Services, Inc.	$3.5B	156.2	8.8	8.0	33.2	92.2	5	BEARISH	1.3
JTSCX JPMorgan SmartRetirement 2050 Fund Class C	$2.8B	—	—	—	—	—	—	BEARISH	5.2
NP Neptune Insurance Holdings Inc.	$2.6B	19.3	-12.4	-64.2	28.3	—	4	BEARISH	10.7
OCSL Oaktree Specialty Lending Corporation	$1.1B	24.6	3.0	4.2	50.2	77.1	6	BEARISH	-5.4
GSBD Goldman Sachs BDC, Inc.	$1.0B	17.8	4.1	4.4	22.5	5.3	6	BEARISH	-8.8
GAIN Gladstone Investment Corp.	$620M	3.7	33.4	10.8	324.9	24.9	4	BEARISH	13.7
TRRWX T. Rowe Price Target 2030	$550M	—	—	—	—	—	—	BEARISH	-0.2
RPGRX T. Rowe Price Target Retirement 2035 Fund	$510M	—	—	—	—	—	—	BEARISH	1.5
RPTFX T. Rowe Price Target Retirement 2045 Fund	$470M	—	—	—	—	—	—	BEARISH	6.3
CEPF Cantor Equity Partners IV, Inc. Class A Ordinary Shares	$470M	41.2	1.7	-0.1	—	—	2	BEARISH	0.5
TRHRX T. Rowe Price Target Retirement 2040 Fund	$450M	9.7	13.2	8.1	11.3	0.9	9	BEARISH	4.2
TRFOX T. Rowe Price Target Retirement 2050 Fund	$430M	11.4	13.2	8.1	11.3	0.9	9	BEARISH	8.1
GTENW Gores Holdings X, Inc. Warrants	$330M	74.7	0.6	4.1	—	—	3	BEARISH	—
TRFFX T. Rowe Price Target Retirement 2055 Fund	$320M	—	—	—	—	—	—	BEARISH	8.8
PSBD Palmer Square Capital BDC Inc.	$300M	-9.9	-0.0	-0.0	35.3	-18.2	4	BEARISH	-19.7
GSRFU GSR IV Acquisition Corp. Units	$280M	—	—	—	—	—	—	BEARISH	3.9
NDBKF Nedbank Group	$7.7B	14.8	28.7	37.4	10.9	27.0	6	BEARISH	25.6
AVAL Grupo Aval Acciones y Valores S.A.	$5.7B	10.8	9.7	5.0	4.6	35.3	8	BEARISH	45.9
RLI RLI Corp.	$5.1B	11.8	25.2	24.8	29.2	8.7	7	BEARISH	-8.5
MAIN Main Street Capital Corporation	$5.1B	11.1	14.9	7.5	98.7	-7.2	2	BEARISH	-11.1
BXRBF Bendigo and Adelaide Bank Limited	$4.1B	15.5	4.0	3.1	15.8	23.7	4	BEARISH	10.7
CMPRF Gentera, S.A.B. de C.V.	$3.2B	6.4	25.4	17.8	15.4	18.8	8	BEARISH	-23.9
HTGC Hercules Capital, Inc.	$3.1B	8.0	17.3	9.5	83.0	33.9	5	BEARISH	-7.7
TCAPF TP ICAP Group plc	$3.1B	12.4	18.1	-345.6	8.0	10.8	5	BEARISH	6.9
KGTHY Krungthai Card Public Company Limited	$2.8B	10.4	19.3	9.5	37.5	2.6	6	BEARISH	23.0
APAM Artisan Partners Asset Management Inc.	$2.5B	8.2	71.1	74.2	17.0	25.2	5	BEARISH	-16.0
FBAK First National Bank Alaska	$1.0B	12.2	14.2	7.5	30.1	-4.1	6	BEARISH	19.0
CUBB Customers Bancorp, Inc 5.375% S	$710M	2.4	14.3	-5.1	42.6	120.8	5	BEARISH	-1.6
ADBKF Addiko Bank AG	$540M	10.6	0.1	18.2	-43.7	0.7	4	BEARISH	6.2
BGY BlackRock Enhanced International Dividend Trust	$510M	8.9	16.4	17.9	91.1	450.3	6	BEARISH	-2.9
GTENU Gores Holdings X, Inc. Units	$470M	74.7	0.6	4.1	—	—	3	BEARISH	2.5
TACOU Berto Acquisition Corp. Unit	$370M	63.2	1.1	-0.7	—	—	2	BEARISH	0.3
FBIP FNB Bancorp, Inc.	$330M	—	—	—	—	—	—	BEARISH	153.3
OACCU Oaktree Acquisition Corp. III Life Sciences Unit	$260M	38.0	3.6	-0.6	—	—	4	BEARISH	2.6
JEF Jefferies Financial Group Inc.	$9.3B	12.1	8.6	2.1	7.5	16.6	6	BEARISH	-27.1
HLI Houlihan Lokey, Inc.	$8.8B	20.8	18.8	28.8	15.7	9.5	9	BEARISH	-36.8
PSHZF Pershing Square Holdings, Ltd.	$8.7B	3.8	7.2	-16288.7	107.2	-89.0	4	BEARISH	-21.6
WULF TeraWulf Inc.	$7.7B	-3.5	-1212.1	-11.1	-2099.6	14.6	3	BEARISH	35.0
VLYPN Valley National Bancorp	$7.6B	10.6	9.0	15.5	52.4	-15.1	6	BEARISH	-4.0
PRH Prudential Financial, Inc. 5.95	$7.2B	10.1	12.4	-1.5	5.8	9.4	7	BEARISH	-18.3
AXS AXIS Capital Holdings Limited	$6.9B	5.9	19.4	65.0	21.9	11.6	8	BEARISH	0.7
PRS Prudential Financial, Inc. 5.62	$6.9B	10.1	12.4	-1.4	5.8	9.4	7	BEARISH	-19.7
ICGUF ICG plc	$6.3B	10.6	37.1	13.8	45.9	11.2	6	BEARISH	-15.9
FNMFO Federal National Mortgage Association	$6.3B	2.7	13.8	2.2	9.8	458.9	5	BEARISH	-55.4
SCE-PG SCE Trust II TR PFD SECS 5.1%	$6.2B	—	—	—	—	—	—	BEARISH	-4.5
EFGIF EFG International AG	$5.9B	17.1	29.0	-561.4	14.1	76.0	4	BEARISH	-2.5
GGAL Grupo Financiero Galicia S.A.	$5.8B	53.9	2.1	2.8	9.3	55.0	4	BEARISH	35.4
GBCI Glacier Bancorp, Inc.	$5.7B	17.8	7.9	5.0	26.8	19.1	8	BEARISH	-7.5
ASB-PF Associated Banc-Corp	$5.6B	10.0	9.7	11.4	17.6	21.3	7	BEARISH	-12.2
OZKAP Bank OZK	$5.2B	7.7	11.3	12.8	24.9	-0.4	6	BEARISH	-14.7
FIGR Figure Technology Solutions, Inc. Class A Common Stock	$5.2B	25.9	16.8	23.7	46.5	—	2	BEARISH	-24.6
WTM White Mountains Insurance Group, Ltd.	$5.0B	4.6	22.3	26.1	23.6	8.6	6	BEARISH	22.4
FLG Flagstar Financial, Inc.	$4.9B	343.1	0.6	2.3	3.2	-21.2	6	BEARISH	0.1
HLNE Hamilton Lane Incorporated	$4.8B	13.1	30.5	30.0	34.2	6.5	5	BEARISH	-32.1
KLAR Klarna Group plc	$4.7B	-32.7	-5.9	6.6	0.4	—	1	BEARISH	-66.4
NNI Nelnet, Inc.	$4.5B	14.9	8.2	4.5	20.0	-4.6	7	BEARISH	-2.1
PIPR Piper Sandler Companies	$4.4B	14.4	23.6	29.4	13.7	34.7	5	BEARISH	-80.7
BMA Banco Macro S.A.	$4.1B	15.8	7.9	6.6	13.9	-6.9	5	BEARISH	61.9
TCBIO Texas Capital Bancshares, Inc.	$4.1B	12.1	10.2	-9.9	19.3	9.3	8	BEARISH	-10.4
LMND Lemonade, Inc.	$3.6B	-24.9	-27.0	-72.1	-15.8	55.0	5	BEARISH	-11.3
PFSI PennyMac Financial Services, Inc.	$3.2B	8.2	9.4	2.2	2.2	38.9	3	BEARISH	-50.6
BKU BankUnited, Inc.	$3.1B	12.0	9.2	-3.1	31.6	-4.6	5	BEARISH	15.3
MAURY Marui Group Co., Ltd.	$3.1B	16.5	11.7	3.9	9.9	10.3	6	BEARISH	-12.7
AGO Assured Guaranty Ltd.	$3.0B	9.3	6.3	252.7	19.8	-13.6	5	BEARISH	-17.9
EUZOF Eurazeo SE	$2.9B	-23.5	-10.8	-6.0	-2.8	-90.7	4	BEARISH	-24.6
BBAR Banco BBVA Argentina S.A.	$2.5B	14.1	10.8	14.7	8.0	49.0	6	BEARISH	54.7
BKCPF Blockchain Capital Tokenhub Pte. Ltd.	$2.5B	—	—	—	—	—	—	BEARISH	—
ZZHGF ZhongAn Online P & C Insurance Co., Ltd.	$2.5B	6.9	13.4	103.7	8.6	24.1	7	BEARISH	0.0
FMCKM Freddie Mac 5.57% Non-Cum. Perp. Pfd.	$2.2B	-1073.0	18.2	3.0	11.2	487.6	8	BEARISH	-61.8
LIFE Ethos Technologies Inc.	$2.2B	-13.0	-53.7	-35.5	10.3	10659.7	6	BEARISH	1907.1
ETOR eToro Group Ltd.	$2.1B	8.4	19.5	145.4	22.3	306.2	9	BEARISH	-34.9
WU The Western Union Company	$1.9B	4.8	44.0	62.6	7.6	-1.7	6	BEARISH	-25.6
HAPN Happen, Inc. Common Stock	$1.8B	—	—	—	—	—	—	BEARISH	—
NAC Nuveen California Quality Municipal Income Fund	$1.6B	-12.6	4.4	6.6	-204.3	80.7	5	BEARISH	-10.3
STC Stewart Information Services Corporation	$1.6B	11.2	8.7	7.3	4.1	22.5	6	BEARISH	-28.6
CASH Pathward Financial, Inc.	$1.6B	9.2	21.0	-55.7	15.2	20.3	6	BEARISH	0.5
KMPR Kemper Corporation	$1.5B	-3.1	-19.3	-13.1	-42.5	-4.1	4	BEARISH	-49.0
GAM-PB General American Investors Company, Inc.	$1.4B	—	—	—	—	—	—	BEARISH	-9.6
XZO Exzeo Group, Inc.	$1.3B	15.5	22.8	38.0	40.3	—	3	BEARISH	—
WD Walker & Dunlop, Inc.	$1.2B	29.0	2.3	3.1	1.0	6.1	4	BEARISH	-59.3
BCTCF OSL Group Limited	$1.1B	-5.2	-65.2	-62.8	-1.5	20044.2	3	BEARISH	-41.3
RTOBF Ratos AB (publ)	$1.1B	-108.1	-1.4	-9.6	18.3	-33.2	3	BEARISH	-5.0
TRUP Trupanion, Inc.	$1.0B	44.5	6.1	18.4	1.7	11.8	8	BEARISH	-45.7
OCFC OceanFirst Financial Corp.	$1.0B	19.8	2.4	2.0	-1.4	4.8	5	BEARISH	-2.3
SBSI Southside Bancshares, Inc.	$910M	12.1	9.0	13.8	22.8	1.9	6	BEARISH	10.8
LU Lufax Holding Ltd	$880M	-1.3	-3.0	-0.9	-7.2	-35.9	4	BEARISH	-76.6
AGBK AGI Inc	$870M	—	—	—	—	—	—	BEARISH	—
QFIN Qfin Holdings, Inc.	$840M	0.9	15.2	19.6	11.4	-3.1	5	BEARISH	-78.2
ABX Abacus Global Management, Inc.	$790M	28.3	4.8	5.0	9.1	—	4	BEARISH	—
TYG Tortoise Energy Infrastructure Corporation	$660M	5.4	31.9	8.6	832.5	-6.4	4	BEARISH	-10.5
ROOT Root, Inc.	$650M	12.5	21.4	-16.0	6.5	14.9	6	BEARISH	-47.5
RA Brookfield Real Assets Income	$640M	12.0	16.5	15.1	60.5	34.6	6	BEARISH	-11.8
HYPOF Hypoport SE	$630M	15.9	7.6	5.1	3.4	-4.7	7	BEARISH	-55.9
CCB Coastal Financial Corporation	$610M	-160.7	-0.8	15.1	-13.9	46.5	6	BEARISH	-63.6
SUPV Grupo Supervielle S.A.	$600M	-19.9	-7.0	-5.1	2.3	13.3	3	BEARISH	46.5
VEL Velocity Financial, Inc.	$570M	5.2	16.3	4.7	14.1	32.5	6	BEARISH	-19.9
GKSGF Grenke AG	$570M	6.4	5.3	0.8	8.8	2.4	6	BEARISH	-16.2
NPB Northpointe Bancshares, Inc.	$530M	6.5	22.2	2.7	33.2	—	6	BEARISH	-10.7
MSIF MSC Income Fund, Inc.	$530M	5.5	13.5	9.1	64.3	179.8	6	BEARISH	-9.3
PBBGF Deutsche Pfandbriefbank AG	$520M	-7.9	1.9	0.3	1.5	29.3	2	BEARISH	-20.7
IIM Invesco Value Municipal Income Trust	$510M	28.0	6.5	5.8	229.2	-15.9	6	BEARISH	-13.9
OPFI OppFi Inc.	$510M	1.8	47.6	28.5	10.2	10.2	8	BEARISH	-46.6
SCE-PM SCE Trust VII	$490M	—	—	—	—	—	—	BEARISH	-3.1
GGPXF G-Resources Group Limited	$440M	10.5	6.2	7.9	-14.5	-32.8	5	BEARISH	48.7
VCV Invesco California Value Municipal Income Trust	$430M	34.5	5.7	5.0	297.3	-15.8	4	BEARISH	-13.6
GBLI Global Indemnity Group, LLC	$350M	10.3	4.9	-5.7	9.5	3.8	5	BEARISH	-16.2
CSCHF China Renaissance Holdings Limited	$340M	16.3	1.7	8.2	8.3	21.0	5	BEARISH	-9.1
VKI Invesco Advantage Municipal Income Trust II	$340M	30.7	6.0	5.6	246.2	-8.2	6	BEARISH	-11.3
PUCKU Goal Acquisitions Corp.	$270M	-68.8	34.0	15.7	—	—	2	BEARISH	0.0
PTOR Praetorian Acquisition Corp.	$250M	—	—	—	—	—	—	BEARISH	—
OACCW Oaktree Acquisition Corp. III Life Sciences	$240M	38.0	1.5	-0.4	—	—	2	BEARISH	—
FTRA Futurecorp Space Acquisition 1	$230M	—	—	—	—	—	—	BEARISH	—
SAAQU Space Asset Acquisition Corp. Units	$200M	—	—	—	—	—	—	BEARISH	—
CEPS Cantor Equity Partners VI, Inc. Class A Ordinary Shares	$120M	—	—	—	—	—	—	BEARISH	—
IPFXW Inflection Point Acquisition Corp. VI Warrant	$120M	—	—	—	—	—	—	BEARISH	—
GBLBF Groupe Bruxelles Lambert S.A.	$9.8B	-14.3	-2.4	6.9	1.5	65.5	5	BEARISH	-6.3
SCE-PL SCE Trust VI 5% TR PREF SECS	$6.1B	—	—	—	—	—	—	BEARISH	-5.6
BXSL Blackstone Secured Lending Fund	$5.5B	18.6	4.8	4.6	3.4	4.8	6	BEARISH	-9.2
OBDC Blue Owl Capital Corporation	$5.1B	18.4	3.9	3.8	16.4	13.2	7	BEARISH	-17.5
OTF Blue Owl Technology Finance Corp.	$4.4B	7.4	4.8	4.5	47.9	367.7	6	BEARISH	-29.5
FMCKJ Federal Home Loan Mortgage Corporation	$4.4B	-1073.0	18.2	3.0	11.2	487.6	8	BEARISH	-58.1
MC Moelis & Company	$4.2B	18.6	44.7	38.8	11.9	13.7	6	BEARISH	-17.2
QUCOF QuÃ¡litas Controladora, S.A.B. de C.V.	$3.4B	13.2	18.3	19.7	7.5	6.0	5	BEARISH	-3.3
WNDLF Wendel	$3.3B	-65.0	16.3	12.6	1.8	5.6	7	BEARISH	-7.8
QUILF Quilter plc	$3.3B	19.9	8.2	-0.2	0.7	100.7	8	BEARISH	10.0
AB AllianceBernstein Holding L.P.	$3.3B	10.4	19.4	25.1	89.6	-17.2	6	BEARISH	-4.0
FREJO Federal Home Loan Mortgage Corporation PFD 5.1% SAL	$3.2B	-1073.0	18.2	3.0	11.2	487.6	8	BEARISH	-40.7
MIAX Miami International Holdings, Inc.	$3.2B	17.7	12.4	57.9	11.4	—	4	BEARISH	-15.3
FSK FS KKR Capital Corp.	$3.1B	-8.1	-6.6	-0.0	-11.7	23.8	4	BEARISH	-22.5
FMCKK Federal Home Loan Mortgage Corporation PFD	$2.8B	-1073.0	18.2	3.0	11.2	487.6	8	BEARISH	-59.1
FREJP Federal Home Loan Mortgage Corporation PFD 5.30%	$2.7B	-1073.0	18.2	3.0	11.2	487.6	8	BEARISH	-58.7
FMCKP Freddie Mac 5.7 % Non-Cum Pfd	$2.5B	-1073.0	18.2	3.0	11.2	487.6	8	BEARISH	-57.5
PFLA PennantPark Floating Rate Capital Ltd.	$2.5B	—	—	—	—	—	—	BEARISH	—
UPST Upstart Holdings, Inc.	$2.2B	36.7	7.9	2.5	4.4	46.6	4	BEARISH	-56.2
SEBNF Seven Bank, Ltd.	$2.1B	23.5	3.4	-2.9	8.3	-8.1	2	BEARISH	inf
TY-P Tri-Continental Corporation PFD $2.50	$1.8B	5.5	28.2	18.2	222.7	15.9	7	BEARISH	-11.7
FLTLF Flow Traders Ltd.	$1.3B	—	—	—	—	—	—	BEARISH	—
MSDL Morgan Stanley Direct Lending Fund	$1.1B	19.7	3.5	4.5	9.6	0.6	6	BEARISH	-14.4
DCBG Dime Commercial Bancshares, Inc.	$1.1B	—	—	—	—	—	—	BEARISH	—
MNXBF Monex Group, Inc.	$1.1B	15.8	8.8	-10.8	6.3	71.8	6	BEARISH	inf
FPF First Trust Intermediate Duration Preferred & Income Fund	$970M	6.2	21.3	17.1	24.5	115.6	6	BEARISH	-15.2
RNP Cohen & Steers REIT and Preferred Income Fund, Inc.	$890M	7.8	22.1	16.3	154.1	18.6	6	BEARISH	-15.6
BUR Burford Capital Limited	$800M	-45.6	-98.3	-45.3	101.6	-373.1	1	BEARISH	-69.1
JSEJF JSE Limited	$750M	10.5	48.9	-77.3	15.7	102.2	8	BEARISH	21.8
TIGR UP Fintech Holding Ltd. Sponsored ADR Class A	$740M	6.6	10.9	-4.6	21.6	53.0	8	BEARISH	-60.8
CGBD Carlyle Secured Lending, Inc.	$740M	20.9	3.2	4.1	-0.1	54.7	6	BEARISH	-14.2
FINV FinVolution Group	$720M	2.5	13.9	24.9	12.9	-1.1	4	BEARISH	-61.3
NEWTO NewtekOne, Inc. 8.5 % Notes -01.02.31	$720M	—	—	—	—	—	—	BEARISH	—
MFIC MidCap Financial Investment Corporation	$710M	-23.9	-2.4	2.7	-25.7	10.9	5	BEARISH	-24.7
NMFC New Mountain Finance Corporation	$660M	-14.5	-4.1	2.2	104.6	-50.2	5	BEARISH	-28.8
SLRC SLR Investment Corp.	$630M	8.6	7.5	16.2	21.0	7.8	7	BEARISH	-21.5
MAMTF MCAN Mortgage Corporation	$590M	10.0	13.2	2.8	28.8	8.0	7	BEARISH	-6.0
NCDL Nuveen Churchill Direct Lending Corp.	$540M	11.6	5.4	3.3	10.9	-29.4	5	BEARISH	-19.4
EGTIF eGuarantee, Inc.	$500M	21.0	16.1	53.7	32.6	8.5	6	BEARISH	-3.3
NWAX-UN New America Acquisition I Corp.	$500M	—	—	—	—	—	—	BEARISH	—
OPP-PB RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	$490M	12.0	15.4	15.4	83.7	0.7	5	BEARISH	-12.7
BRLGF Dominion Lending Centres Inc.	$440M	29.0	16.2	17.0	28.3	11.6	7	BEARISH	-19.8
RIV-PA RiverNorth Opportunities Fund, Inc.	$440M	—	—	—	—	—	—	BEARISH	-10.8
MTAL Metals Acquisition Corp. II	$390M	-17.7	-12.3	6.6	-47.0	-0.2	5	BEARISH	-0.8
SWZNF Schweizerische Nationalbank	$380M	0.0	1.7	0.8	6.2	-103.8	2	BEARISH	-7.7
HTT High Templar Tech Limited	$370M	3.6	3.4	-7.1	8933.0	—	2	BEARISH	-47.6
CCAP Crescent Capital BDC, Inc.	$330M	-100.2	-0.5	3.3	-15.9	-12.8	4	BEARISH	-36.5
GCSSF Gecoss Corporation	$320M	9.7	7.6	7.4	4.8	-9.6	8	BEARISH	—
SIMAU SIM Acquisition Corp. I Unit	$310M	46.8	-268.2	-23.2	—	—	3	BEARISH	2.6
IEAGU Infinite Eagle Acquisition Corp. Unit	$310M	—	—	—	—	—	—	BEARISH	—
FCMGF Firm Capital Mortgage Investment Corporation	$300M	11.8	8.2	9.6	63.7	-9.0	7	BEARISH	-5.8
FVAV Fortress Value Acquisition Corp. V	$290M	—	—	—	—	—	—	BEARISH	—
CAES Cantor Equity Partners Vii Inc.	$260M	—	—	—	—	—	—	BEARISH	—
IACQ Irenic Acquisition Corp.	$260M	—	—	—	—	—	—	BEARISH	—
SVAQU Silicon Valley Acquisition Corp. Units	$230M	—	—	—	—	—	—	BEARISH	—
IPFXU Inflection Point Acquisition Corp. VI Units	$230M	—	—	—	—	—	—	BEARISH	—
TMTS Spartacus Acquisition Corp. II	$230M	—	—	—	—	—	—	BEARISH	-2.9
DAAQU Digital Asset Acquisition Corp. Units	$220M	25.2	1.4	-0.3	—	—	2	BEARISH	0.2
RENEF Cartesian Growth Corporation II	$170M	—	—	—	—	—	—	BEARISH	—

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