13F HOLDINGS REPORT

UBS OCONNOR LLC

Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001132716-26-000004

Total Value

$857.8M

Positions

221

Other Managers

Confidential Omitted

Yes

View on SEC.gov

Holdings (221)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	EXACT SCIE	30063PAB1	90,000,000	$93.7M	10.92%
2	CIDARA THE	171757206	315,474	$69.7M	8.12%
3	SYNOVUS FI	87161C501	699,181	$35.0M	4.08%
4	BROADCOM I	AVGO	78,896	$27.3M	3.18%
5	PELOTON IN	PTON	27,352,000	$27.1M	3.16%
6	MATTEL INC	MAT	973,829	$19.3M	2.25%
7	SNOWFLAKE	SNOW	12,300,000	$19.0M	2.22%
8	DRAFTKINGS	DKNG	20,000,000	$18.3M	2.14%
9	NVIDIA COR	NVDA	97,116	$18.1M	2.11%
10	AMERICAN E	025537101	130,250	$15.0M	1.75%
11	CENTERPOIN	CNP	381,495	$14.6M	1.71%
12	ALLIANT EN	LNT	224,205	$14.6M	1.70%
13	AMICUS THE	FOLD	1,000,000	$14.2M	1.66%
14	CRH PLC	CRH	109,645	$13.7M	1.60%
15	PARKER-HAN	PH	15,460	$13.6M	1.58%
16	WASTE MGMT	94106L109	61,675	$13.6M	1.58%
17	ISHARES TR	464287655	52,000	$12.8M	1.49%
18	BOEING CO	BA-PA	51,535	$11.2M	1.30%
19	CROCS INC	CROX	124,000	$10.6M	1.24%
20	FIRSTENERG	FE	10,000,000	$10.2M	1.19%
21	TALEN ENER	TLN	26,225	$9.8M	1.15%
22	NEXTERA EN	NEE-PW	109,300	$8.8M	1.02%
23	B2GOLD COR	BTG	1,842,462	$8.3M	0.97%
24	PALO ALTO	PANW	45,000	$8.3M	0.97%
25	SOUTHERN C	SOMN	7,500,000	$8.0M	0.93%
26	ALPHABET I	GOOG	25,010	$7.8M	0.91%
27	JENA ACQUI	JENA-UN	700,000	$7.1M	0.83%
28	TOAST INC	TOST	200,000	$7.1M	0.83%
29	KNIGHT-SWI	499049104	133,935	$7.0M	0.82%
30	TESLA INC	TSLA	13,617	$6.1M	0.71%
31	TE CONNECT	TEL	26,355	$6.0M	0.70%
32	FUTU HLDGS	FUTU	36,021	$5.9M	0.69%
33	UNITED AIR	UNTCW	50,000	$5.6M	0.65%
34	SAIA INC	SAIA	15,840	$5.2M	0.60%
35	EGH ACQUIS	EGHAU	500,000	$5.1M	0.59%
36	MERCADOLIB	MELI	2,500	$5.0M	0.59%
37	FLOWSERVE	FLS	72,341	$5.0M	0.59%
38	HONEYWELL	438516106	25,712	$5.0M	0.58%
39	LIVE NATIO	LYV	34,200	$4.9M	0.57%
40	GORES HLDG	G4002F109	474,941	$4.9M	0.57%
41	CANTOR EQU	CEPV	450,000	$4.6M	0.54%
42	AXALTA COA	AXTA	140,600	$4.5M	0.53%
43	ENTERGY CO	ENO	48,830	$4.5M	0.53%
44	UNITED REN	URI	5,400	$4.4M	0.51%
45	AGRICULTUR	G0131Y100	384,160	$4.3M	0.50%
46	BOOKING HO	BKNG	800	$4.3M	0.50%
47	CONSTELLAT	CEG	12,100	$4.3M	0.50%
48	LUCID GROU	LCID	2,777,800	$4.1M	0.48%
49	HOWMET AER	HWM	20,000	$4.1M	0.48%
50	DELTA AIR	DAL	58,731	$4.1M	0.48%
51	TRAILBLAZE	BLZRW	400,000	$4.0M	0.47%
52	SYNOPSYS I	SNPS	8,000	$3.8M	0.44%
53	COHERENT C	COHR	20,257	$3.7M	0.44%
54	INTEL CORP	INTC	100,000	$3.7M	0.43%
55	VERTIV HOL	VRT	22,057	$3.6M	0.42%
56	PDD HOLDIN	PDD	31,107	$3.5M	0.41%
57	NEWHOLD IN	G6486E102	324,604	$3.4M	0.39%
58	LIVE OAK A	LOKVW	324,923	$3.3M	0.39%
59	OAKTREE AC	OACCW	300,000	$3.2M	0.37%
60	TKO GROUP	TKO	15,000	$3.1M	0.37%
61	SPRING VY	G8377R101	300,000	$3.0M	0.35%
62	NORWEGIAN	NCLH	135,000	$3.0M	0.35%
63	AMPHENOL C	032095101	22,110	$3.0M	0.35%
64	FIRST SOLA	FSLR	11,300	$3.0M	0.34%
65	C H ROBINS	CHRW	18,170	$2.9M	0.34%
66	ACCEL ENTE	ACEL	246,728	$2.8M	0.33%
67	GP-ACT III	GPATW	250,000	$2.7M	0.31%
68	AA MISSION	YCY-WT	250,000	$2.7M	0.31%
69	STELLAR V	SVCCW	250,000	$2.6M	0.30%
70	BLUE WTR A	G1368E106	250,000	$2.6M	0.30%
71	CARTESIAN	CGCTW	250,000	$2.6M	0.30%
72	NEW PROVID	G6476A102	250,000	$2.6M	0.30%
73	PFIZER INC	PFE	102,623	$2.6M	0.30%
74	DUNE ACQUI	IPODW	250,000	$2.5M	0.30%
75	EQV VENTUR	G3106N109	242,175	$2.5M	0.30%
76	THAYER VEN	G87890102	250,000	$2.5M	0.29%
77	TALON CAP	TLNCW	250,000	$2.5M	0.29%
78	OXLEY BRID	OBAWW	250,000	$2.5M	0.29%
79	PIONEER AC	PACHW	250,000	$2.5M	0.29%
80	SOLARIUS C	SOCAW	250,000	$2.5M	0.29%
81	GE VERNOVA	GEV	3,834	$2.5M	0.29%
82	M3-BRIGADE	MBVIW	250,000	$2.5M	0.29%
83	HIGHVIEW M	HVMCW	250,000	$2.5M	0.29%
84	CSLM DIGIT	CMXHF	250,000	$2.5M	0.29%
85	BOLD EAGLE	BEAGU	219,217	$2.3M	0.27%
86	TJX COS IN	872540109	15,000	$2.3M	0.27%
87	RANGE CAP	G7375J103	225,000	$2.2M	0.26%
88	ASML HOLDI	ASMLF	2,000	$2.1M	0.25%
89	WABTEC	929740108	10,000	$2.1M	0.25%
90	CHURCHILL	CCIXW	199,274	$2.1M	0.25%
91	ARCHIMEDES	G04537109	200,000	$2.1M	0.24%
92	COHEN CIRC	COHN	200,000	$2.0M	0.24%
93	GESHER ACQ	GSHRW	200,000	$2.0M	0.24%
94	BLUE ACQUI	BACCU	200,000	$2.0M	0.24%
95	CAL REDWOO	CRAQU	200,000	$2.0M	0.24%
96	D. BORAL A	G2616F101	200,000	$2.0M	0.23%
97	CHECK POIN	M22465104	10,370	$1.9M	0.22%
98	BURLINGTON	BURL	6,500	$1.9M	0.22%
99	CANTOR EQU	G1828E100	174,570	$1.8M	0.21%
100	AXIOM INTE	G0750N104	175,000	$1.8M	0.21%
101	OTG ACQUIS	OTGAW	175,000	$1.8M	0.20%
102	ARTIUS II	AACBU	160,000	$1.6M	0.19%
103	CENTURION	ALFUW	150,000	$1.6M	0.19%
104	ANDRETTI A	POLEW	150,000	$1.6M	0.18%
105	MOUNTAIN L	MLACU	149,912	$1.6M	0.18%
106	ARMADA ACQ	XRPNW	150,000	$1.5M	0.18%
107	CUMMINS IN	CMI	3,000	$1.5M	0.18%
108	SOULPOWER	SOUL-UN	150,000	$1.5M	0.18%
109	FUTURECRES	FCRS-WT	150,000	$1.5M	0.18%
110	PYROPHYTE	PAII-WT	150,000	$1.5M	0.18%
111	EQV VENTUR	G3106Q102	150,000	$1.5M	0.18%
112	TOWER SEMI	TSEM	12,739	$1.5M	0.17%
113	AA MISSION	YCY-WT	150,000	$1.5M	0.17%
114	VIKING ACQ	VACI-WT	150,000	$1.5M	0.17%
115	WARNER BRO	WBD	50,000	$1.4M	0.17%
116	ALCHEMY IN	G0232F109	100,248	$1.4M	0.17%
117	ACM RESH I	00108J109	35,958	$1.4M	0.17%
118	TAPESTRY I	TPR	10,000	$1.3M	0.15%
119	CHENGHE AC	CHECW	125,000	$1.2M	0.15%
120	GALATA ACQ	LATAW	125,000	$1.2M	0.15%
121	GEN DIGITA	GENVR	274,523	$1.2M	0.14%
122	DOLLAR TRE	DLTR	10,000	$1.2M	0.14%
123	SILVER PEG	SPEGU	120,000	$1.2M	0.14%
124	CANADIAN S	CSIQ	47,962	$1.1M	0.13%
125	LUMENTUM H	LITE	3,083	$1.1M	0.13%
126	HAYMAKER A	G4375F108	100,248	$1.1M	0.13%
127	SHARKNINJA	SN	10,020	$1.1M	0.13%
128	WALMART IN	WMT	10,000	$1.1M	0.13%
129	LEGATO MER	LEGT-WT	100,000	$1.1M	0.13%
130	ALDEL FINL	G01558108	100,000	$1.1M	0.12%
131	ROMAN DBDR	DRDBW	100,000	$1.0M	0.12%
132	JACKSON AC	JACS-UN	100,000	$1.0M	0.12%
133	RITHM ACQU	RAC-WT	100,000	$1.0M	0.12%
134	COPLEY ACQ	COPL-WT	100,000	$1.0M	0.12%
135	1RT ACQUIS	ONCHW	100,000	$1.0M	0.12%
136	CANTOR EQU	G1828A108	100,000	$1.0M	0.12%
137	PELICAN AC	PELI	100,000	$1.0M	0.12%
138	SIZZLE ACQ	SZZLU	100,000	$1.0M	0.12%
139	BERTO ACQU	TACOW	100,000	$1.0M	0.12%
140	INFLECTION	G47875102	100,000	$1.0M	0.12%
141	OYSTER ENT	OYSEU	100,000	$1.0M	0.12%
142	WEN ACQUIS	WENNW	100,000	$1.0M	0.12%
143	FIGX CAP A	G3473K100	100,000	$1.0M	0.12%
144	BTC DEV CO	BDCIW	100,000	$1.0M	0.12%
145	MCKINLEY A	MKLYU	100,000	$997,000	0.12%
146	IRON HORSE	46283H202	100,000	$994,000	0.12%
147	APEX TREAS	APXTW	100,000	$989,000	0.12%
148	SPDR GOLD	GLD	2,450	$970,960	0.11%
149	META PLATF	META	1,411	$931,387	0.11%
150	NEWMONT CO	NEMCL	9,270	$925,610	0.11%
151	REAL ASSET	RAAQW	89,610	$914,022	0.11%
152	ROSS STORE	ROST	5,000	$900,700	0.10%
153	PACKAGING	695156109	4,290	$884,727	0.10%
154	MASCO CORP	MAS	12,020	$762,789	0.09%
155	H WORLD GR	HWLDF	16,167	$760,657	0.09%
156	INDIGO ACQ	INACU	75,000	$756,000	0.09%
157	SPARK I AC	SPKLW	66,832	$754,533	0.09%
158	HUNT J B T	445658107	3,880	$754,039	0.09%
159	HERTZ GLOB	HTZWW	1,194,300	$752,450	0.09%
160	STRATEGY I	STRD	9,500	$751,118	0.09%
161	SABRE CORP	SABR	550,900	$749,224	0.09%
162	SABRE CORP	SABR	688,600	$705,815	0.08%
163	CENTRUS EN	LEU	2,695	$654,238	0.08%
164	CAMECO COR	CCJ	7,138	$653,056	0.08%
165	CHEMOURS C	CC	46,900	$619,080	0.07%
166	AMERICAN E	AEXA	50,000	$569,500	0.07%
167	HARLEY DAV	HOG	250,000	$550,000	0.06%
168	AMERICAN A	02376R102	5,460,000	$534,225	0.06%
169	SEA LTD	SE	4,000	$510,280	0.06%
170	CHARTER CO	16119P108	21,100	$509,735	0.06%
171	GRAB HOLDI	GRABW	101,500	$506,485	0.06%
172	SILVERBOX	SBXD-WT	47,830	$506,041	0.06%
173	BAIN CAP G	G0R78B106	50,000	$504,000	0.06%
174	TRANSOCEAN	RIG	400,000	$460,000	0.05%
175	FORD MTR C	345370860	900,000	$447,800	0.05%
176	CROCS INC	CROX	81,000	$425,250	0.05%
177	SKILLSOFT	SKILW	41,692	$387,736	0.05%
178	TRANSOCEAN	RIG	483,400	$188,075	0.02%
179	MGM RESORT	MGM	82,600	$181,431	0.02%
180	COMCAST CO	CCZ	100,000	$172,500	0.02%
181	XPLR INFRA	NEE-PW	20,600	$163,770	0.02%
182	BOLD EAGLE	BEAGU	400,000	$134,000	0.02%
183	B & G FOOD	BGS	113,600	$79,520	0.01%
184	TRAILBLAZE	BLZRW	133,333	$68,680	0.01%
185	AMC ENTMT	00165C302	39,688	$61,913	0.01%
186	BLUE ACQUI	BACCU	200,000	$60,140	0.01%
187	CALUMET IN	CLMT	175,000	$50,500	0.01%
188	EQV VENTUR	G3106N117	80,724	$41,177	0.00%
189	HERBALIFE	HLF	82,400	$32,960	0.00%
190	SPRING VY	G8377R119	50,000	$31,500	0.00%
191	STARWOOD P	STHO	172,500	$30,188	0.00%
192	WISDOMTREE	WT	100,000	$30,000	0.00%
193	ROYALTY MG	02369M110	221,686	$28,841	0.00%
194	FIRSTENERG	FE	26,000	$26,000	0.00%
195	VORNADO RL	929042109	33,500	$25,125	0.00%
196	CID HOLDCO	DAICW	282,640	$23,657	0.00%
197	CHEESECAKE	CAKE	20,000	$21,000	0.00%
198	VIKING ACQ	VACI-WT	50,000	$19,500	0.00%
199	MACYS INC	55616P104	80,000	$18,800	0.00%
200	PELOTON IN	PTON	400,000	$14,000	0.00%
201	MCKINLEY A	MKLYU	100,000	$12,500	0.00%
202	INDIGO ACQ	INACU	75,000	$10,875	0.00%
203	ISHARES TR	464287655	45,000	$10,800	0.00%
204	SYNCHRONY	SYF-PB	21,900	$9,308	0.00%
205	EXPAND ENE	EXE	20,000	$8,400	0.00%
206	SYNTEC OPT	OPTXW	32,034	$8,329	0.00%
207	SCAGE FUTU	SCAGW	127,590	$7,987	0.00%
208	TEVOGEN BI	TVGNW	181,387	$6,965	0.00%
209	BRAND ENGA	BNAIW	150,251	$6,851	0.00%
210	BROADCOM I	AVGO	40,000	$6,200	0.00%
211	LAS VEGAS	LVS	37,200	$5,931	0.00%
212	NORWEGIAN	NCLH	188,800	$5,664	0.00%
213	ONEMAIN HL	OMF	34,400	$5,640	0.00%
214	MULTISENSO	MSAIW	142,585	$5,575	0.00%
215	BOREALIS F	BRLSW	70,030	$3,831	0.00%
216	VIASAT INC	VSAT	73,300	$3,665	0.00%
217	DIGITALOCE	DOCN	15,000	$3,000	0.00%
218	MEDICAL PP	58463J304	396,500	$1,982	0.00%
219	BOLT PROJS	09769B115	110,914	$1,863	0.00%
220	ADVANCE AU	AAP	12,000	$1,260	0.00%
221	MAGNITE IN	MGNI	32,000	$800	0.00%