Institutional Manager · CIK 0001218275
Radcliffe Capital Management, L.P.
Bala Cynwyd, PA · File #028-10367
Latest AUM
$1.84B
Positions
309
Top-10 Concentration
65.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | DexCom Inc. | 252131AK3 | -119,027,000 | -$118.1M | $0 |
| EXITED | New Mountain Finance Corporation | 647551AE0 | -114,047,000 | -$114.0M | $0 |
| EXITED | Fiverr International Ltd | 33835LAA3 | -103,677,000 | -$103.2M | $0 |
| NEW | Callaway Golf Company | 131193AE4 | +77,410,000 | +$76.9M | $0 |
| ADD | Marriott Vacations Worldwide Corp | VAC | +56,286,000 | +$56.1M | +$753,250 |
| NEW | Bentley Systems Inc | BSY | +48,716,000 | +$48.6M | $0 |
| ADD | Cable One Inc | CABO | +40,933,000 | +$40.3M | +$376,645 |
| ADD | Alarm.com Holdings Inc | ALRM | +35,170,000 | +$35.1M | +$300,375 |
| ADD | Vail Resorts Inc | MTN | +23,692,000 | +$23.7M | +$140,000 |
| ADD | DexCom Inc. | DXCM | +21,000,000 | +$19.3M | +$40,000 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025309 pos · $1.84B
- 13F HOLDINGS REPORTQ/E Sep 2025237 pos · $1.61B
- 13F HOLDINGS REPORTQ/E Jun 2025145 pos · $1.31B
- 13F HOLDINGS REPORTQ/E Mar 202542 pos · $970.9M
- 13F HOLDINGS REPORTQ/E Dec 202449 pos · $875.9M
- 13F HOLDINGS REPORTQ/E Sep 202439 pos · $589.1M
- 13F HOLDINGS REPORTQ/E Jun 202445 pos · $514.3M
- 13F HOLDINGS REPORTQ/E Mar 202481 pos · $526.8M
- 13F HOLDINGS REPORTQ/E Dec 2023476 pos · $803.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Enphase Energy Inc | ENPH | 149,750,000 | $148.1M | 11.66% |
| 2 | Marriott Vacations Worldwide Corp | VAC | 113,786,000 | $113.4M | 8.93% |
| 3 | Teladoc Health Inc | TDOC | 115,750,000 | $110.0M | 8.66% |
| 4 | RingCentral Inc | RNG | 81,222,000 | $80.2M | 6.32% |
| 5 | Callaway Golf Company | 131193AE4 | 77,410,000 | $76.9M | 6.06% |
| 6 | Magnite Inc. | MGNI | 76,767,000 | $75.8M | 5.97% |
| 7 | Cable One Inc | CABO | 75,188,000 | $74.1M | 5.83% |
| 8 | Alarm.com Holdings Inc | ALRM | 57,420,000 | $57.3M | 4.51% |
| 9 | Bentley Systems Inc | BSY | 48,716,000 | $48.6M | 3.83% |
| 10 | Bandwidth Inc | BAND | 55,900,000 | $48.5M | 3.82% |
| 11 | Enphase Energy Inc | ENPH | 49,639,000 | $43.2M | 3.40% |
| 12 | Etsy Inc | ETSY | 38,000,000 | $33.9M | 2.67% |
| 13 | Vail Resorts Inc | MTN | 33,692,000 | $33.7M | 2.65% |
| 14 | DexCom Inc. | DXCM | 26,000,000 | $23.9M | 1.88% |
| 15 | Gladstone Capital Corp | GLAD | 21,400,000 | $20.9M | 1.64% |
| 16 | Five9 Inc | FIVN | 21,500,000 | $19.3M | 1.52% |
| 17 | Unity Software Inc | U | 17,181,000 | $16.6M | 1.31% |
| 18 | Array Technologies Inc | ARRY | 18,000,000 | $16.3M | 1.28% |
| 19 | FuboTV Inc | FUBO | 11,737,000 | $11.7M | 0.92% |
| 20 | BlackLine Inc | BL | 10,692,000 | $10.6M | 0.83% |