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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F Institutional Ownership · BDCIW

BDCIW BDCIW

Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31.

52 new0 added0 reduced0 exited
Total Institutional Holders
52
as of 2025-12-31
Top Holder
METEORA CAPITAL, LLC
$18.3M
Largest QoQ Increase
METEORA CAPITAL, LLC
+1,831,855 sh
Largest QoQ Decrease
—

New Positions(52)

ManagerSharesΔ SharesValueΔ Value% Δ
METEORA CAPITAL, LLC1,831,855+1,831,855$18.3M+$18.3M—
TORONTO DOMINION BANK1,332,581+1,332,581$13.3M+$13.3M—
Linden Advisors LP1,125,000+1,125,000$11.3M+$11.3M—
TENOR CAPITAL MANAGEMENT Co., L.P.1,125,000+1,125,000$11.3M+$11.3M—
LMR Partners LLP1,025,000+1,025,000$10.3M+$10.3M—
ADAGE CAPITAL PARTNERS GP, L.L.C.1,000,000+1,000,000$10.0M+$10.0M—
AQR Arbitrage LLC888,512+888,512$8.9M+$8.9M—
Verition Fund Management LLC819,179+819,179$8.2M+$8.2M—
Magnetar Financial LLC750,000+750,000$7.5M+$7.5M—
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND750,000+750,000$7.5M+$7.5M—
First Trust Capital Management L.P.750,000+750,000$7.5M+$7.5M—
Polar Asset Management Partners Inc.713,394+713,394$7.1M+$7.1M—
Harraden Circle Investments, LLC666,903+666,903$6.7M+$6.7M—
Radcliffe Capital Management, L.P.581,316+581,316$5.8M+$5.8M—
Alberta Investment Management Corp525,000+525,000$5.3M+$5.3M—
Saba Capital Management, L.P.525,000+525,000$5.3M+$5.3M—
Periscope Capital Inc.493,802+493,802$4.9M+$4.9M—
Hudson Bay Capital Management LP400,000+400,000$4.0M+$4.0M—
ARISTEIA CAPITAL LLC400,000+400,000$4.0M+$4.0M—
MOORE CAPITAL MANAGEMENT, LP400,000+400,000$4.0M+$4.0M—
Shaolin Capital Management LLC397,348+397,348$4.0M+$4.0M—
TWO SIGMA INVESTMENTS, LP396,439+396,439$4.0M+$4.0M—
MILLENNIUM MANAGEMENT LLC373,000+373,000$3.7M+$3.7M—
Context Capital Management, LLC350,000+350,000$3.5M+$3.5M—
Wealthspring Capital LLC334,252+334,252$3.3M+$3.3M—
MIZUHO SECURITIES USA LLC306,042+306,042$3.1M+$3.1M—
HIGHBRIDGE CAPITAL MANAGEMENT LLC300,000+300,000$3.0M+$3.0M—
BERKLEY W R CORP260,103+260,103$2.6M+$2.6M—
Clear Street Group Inc.259,653+259,653$2.6M+$2.6M—
BNP PARIBAS ARBITRAGE, SNC236,472+236,472$2.4M+$2.4M—
FIFTH LANE CAPITAL, LP225,000+225,000$2.3M+$2.3M—
Lineage Point Capital LP200,000+200,000$2.0M+$2.0M—
Governors Lane LP200,000+200,000$2.0M+$2.0M—
DLD Asset Management, LP108,100+108,100$1.1M+$1.1M—
MARSHALL WACE, LLP100,000+100,000$1.0M+$1.0M—
DRIEHAUS CAPITAL MANAGEMENT LLC100,000+100,000$1.0M+$1.0M—
UBS OCONNOR LLC100,000+100,000$1.0M+$1.0M—
WHITEBOX ADVISORS LLC100,000+100,000$1.0M+$1.0M—
CANTOR FITZGERALD, L. P.98,000+98,000$981.5K+$981.5K—
StoneX Group Inc.52,500+52,500$525.5K+$525.5K—
Centiva Capital, LP50,000+50,000$500.8K+$500.8K—
BOOTHBAY FUND MANAGEMENT, LLC34,988+34,988$350.2K+$350.2K—
SUSQUEHANNA INTERNATIONAL GROUP, LLP27,773+27,773$278.1K+$278.1K—
Crossingbridge Advisors, LLC25,000+25,000$250.4K+$250.4K—
PICTON MAHONEY ASSET MANAGEMENT20,000+20,000$200.2K+$200.2K—
ABC ARBITRAGE SA20,000+20,000$200.2K+$200.2K—
WOLVERINE ASSET MANAGEMENT LLC20,000+20,000$200.2K+$200.2K—
Decagon Asset Management LLP51,491+51,491$35.0K+$35.0K—
GLAZER CAPITAL, LLC1,174,323+1,174,323$11.8K+$11.8K—
Mint Tower Capital Management B.V.200,000+200,000$2.0K+$2.0K—
Virtu Financial LLC84,574+84,574$847+$847—
MORGAN STANLEY69+69$691+$691—

Top Holders by reported value

Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.

ManagerShares$ ValueΔ SharesQoQ %
METEORA CAPITAL, LLC1,831,855$18.3M+1,831,855—
TORONTO DOMINION BANK1,332,581$13.3M+1,332,581—
Linden Advisors LP1,125,000$11.3M+1,125,000—
TENOR CAPITAL MANAGEMENT Co., L.P.1,125,000$11.3M+1,125,000—
LMR Partners LLP1,025,000$10.3M+1,025,000—
ADAGE CAPITAL PARTNERS GP, L.L.C.1,000,000$10.0M+1,000,000—
AQR Arbitrage LLC888,512$8.9M+888,512—
Verition Fund Management LLC819,179$8.2M+819,179—
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND750,000$7.5M+750,000—
Magnetar Financial LLC750,000$7.5M+750,000—
First Trust Capital Management L.P.750,000$7.5M+750,000—
Polar Asset Management Partners Inc.713,394$7.1M+713,394—
Harraden Circle Investments, LLC666,903$6.7M+666,903—
Radcliffe Capital Management, L.P.581,316$5.8M+581,316—
Alberta Investment Management Corp525,000$5.3M+525,000—
Saba Capital Management, L.P.525,000$5.3M+525,000—
Periscope Capital Inc.493,802$4.9M+493,802—
Hudson Bay Capital Management LP400,000$4.0M+400,000—
MOORE CAPITAL MANAGEMENT, LP400,000$4.0M+400,000—
ARISTEIA CAPITAL LLC400,000$4.0M+400,000—

New & Closed Positions this quarter

Closed Positions
0 managers exited
Top five by prior-quarter value

No managers exited their positions this quarter.

Methodology

Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.

Quarter-over-quarter deltas compare each manager's most recently reported share count for BDCIW against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.

Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.