Q4 2025 · 13F-HR
DeepCurrents Investment Group LLCholdings as filed
Filed 2026-02-13 · accession 0001420506-26-000373
$3.05B
Reported value
146
Positions
2025-12-31
Period end
The Brief · DeepCurrents Investment Group LLC · Q4 2025
AI · grounded in 13F
DeepCurrents Investment Group LLC closed its position in Bloom Energy Corp [[stock:BE 3 06/01/28]] for a reduction of $229.1M. The fund also exited positions in Sea Ltd [[stock:SEALTD 2.375 12/01/25]] and Nova Ltd, reducing exposure by $168.4M and $147.9M respectively. On the buy side, the fund established a new position in Interdigital Inc for $172.7M. Additional new entries include Wayfair Inc [[stock:W 3.25 09/15/27]] at $58.0M and Nutanix Inc [[stock:NTNX 0.5 12/15/29]] at $52.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 45867GAD3 | IDCC 3.5 06/01/27 | INTERDIGITAL INC | $172.7M | 5.66% | 41,900,000 | Common | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $74.7M | 2.45% | 65,628,000 | Common | SOLE |
| 18915MAC1 | NET 0 08/15/26 | CLOUDFLARE INC | $71.3M | 2.34% | 60,601,000 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS INC NEW | $70.7M | 2.32% | 77,164,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $70.0M | 2.29% | 70,700,000 | Common | SOLE |
| 462222AD2 | IONS 0 04/01/26 | IONIS PHARMACEUTICALS INC | $69.5M | 2.28% | 50,427,000 | Common | SOLE |
| 94419LAP6 | W 3.25 09/15/27 | WAYFAIR INC | $58.0M | 1.90% | 34,715,000 | Common | SOLE |
| 594972AQ4 | MSTR 0.625 09/15/28 | STRATEGY INC | $53.5M | 1.75% | 45,655,000 | Common | SOLE |
| 56087FAB0 | MMYT 0 02/15/28 | MAKEMYTRIP LIMITED MAURITIUS | $53.2M | 1.74% | 24,676,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $52.4M | 1.72% | 55,000,000 | Common | SOLE |
| 67059NAK4 | NTNX 0.5 12/15/29 | NUTANIX INC | $52.1M | 1.71% | 54,000,000 | Common | SOLE |
| 207410AH4 | CNMD 2.25 06/15/27 | CONMED CORP | $48.8M | 1.60% | 50,952,000 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | $48.4M | 1.59% | 43,029,000 | Common | SOLE |
| 04351PAD3 | ASND 2.25 04/01/28 | ASCENDIS PHARMA A/S | $47.4M | 1.55% | 33,394,000 | Common | SOLE |
| 29355AAH0 | ENPH 0 03/01/26 | ENPHASE ENERGY INC | $47.0M | 1.54% | 47,397,000 | Common | SOLE |
| 704551AD2 | BTU 3.25 03/01/28 | PEABODY ENGR CORP | $46.7M | 1.53% | 27,800,000 | Common | SOLE |
| 682143AK8 | OMER 9.5 06/15/29 | OMEROS CORP | $46.6M | 1.53% | 15,614,000 | Common | SOLE |
| 89377MAB5 | TMDX 1.5 06/01/28 | TRANSMEDICS GROUP INC | $46.4M | 1.52% | 30,824,000 | Common | SOLE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $45.6M | 1.49% | 41,529,000 | Common | SOLE |
| 03753UAB2 | APLS 3.5 09/15/26 | APELLIS PHARMACEUTICALS INC | $45.6M | 1.49% | 44,194,000 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $43.2M | 1.42% | 8,700 | CALL | SOLE |
| 01625VAB0 | ALHC 4.25 11/15/29 | ALIGNMENT HEALTHCARE INC | $43.2M | 1.41% | 28,250,000 | Common | SOLE |
| 131193AE4 | CALY 2.75 05/01/26 | TOPGOLF CALLAWAY BRANDS CORP | $41.7M | 1.37% | 41,783,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $41.4M | 1.36% | 40,948,000 | Common | SOLE |
| 81141RAG5 | SEALTD 0.25 09/15/26 | SEA LTD | $41.2M | 1.35% | 42,500,000 | Common | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $40.3M | 1.32% | 42,500,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $38.9M | 1.27% | 38,884,000 | Common | SOLE |
| 450056AB2 | IRTC 1.5 09/01/29 | IRHYTHM TECHNOLOGIES INC | $38.5M | 1.26% | 27,500,000 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $36.3M | 1.19% | 808 | CALL | SOLE |
| 163086AE1 | CHEF 2.375 12/15/28 | CHEFS WHSE INC | $36.1M | 1.18% | 23,673,000 | Common | SOLE |
| 819047AB7 | SHAK 0 03/01/28 | SHAKE SHACK INC | $36.0M | 1.18% | 38,269,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $35.3M | 1.16% | 38,250,000 | Common | SOLE |
| 516544AB9 | LNTH 2.625 12/15/27 | LANTHEUS HLDGS INC | $35.0M | 1.15% | 30,500,000 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $34.6M | 1.13% | 1,000 | CALL | SOLE |
| 401617AF2 | GES 3.75 04/15/28 | GUESS INC | $33.1M | 1.08% | 33,249,000 | Common | SOLE |
| 464287242 | LQD | ISHARES TR | $33.1M | 1.08% | 3,000 | PUT | SOLE |
| 86333MAA6 | LRN 1.125 09/01/27 | STRIDE INC | $31.5M | 1.03% | 23,000,000 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $30.4M | 1.00% | 2,000 | PUT | SOLE |
| 698884AE3 | PAR 1.5 10/15/27 | PAR TECHNOLOGY CORP | $30.4M | 1.00% | 31,000,000 | Common | SOLE |
| 565788AF3 | MARA 0 03/01/30 | MARA HOLDINGS INC | $30.2M | 0.99% | 38,200,000 | Common | SOLE |
| 47074LAB1 | JAMF 0.125 09/01/26 | JAMF HLDG CORP | $29.6M | 0.97% | 30,000,000 | Common | SOLE |
| 69366JAD3 | PTCT 1.5 09/15/26 | PTC THERAPEUTICS INC | $29.5M | 0.97% | 19,901,000 | Common | SOLE |
| 55955DAB6 | MGNI 0.25 03/15/26 | MAGNITE INC | $27.7M | 0.91% | 28,000,000 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC | $27.4M | 0.90% | 28,107,000 | Common | SOLE |
| 00827BAB2 | AFRM 0 11/15/26 | AFFIRM HLDGS INC | $27.2M | 0.89% | 28,167,000 | Common | SOLE |
| 88688TAC4 | TLRY 5.2 06/15/27 | TILRAY BRANDS INC | $26.3M | 0.86% | 25,050,000 | Common | SOLE |
| 75737FAE8 | RDFN 0.5 04/01/27 | REDFIN CORP | $24.7M | 0.81% | 26,000,000 | Common | SOLE |
| 46333XAH1 | IRWD 1.5 06/15/26 | IRONWOOD PHARMACEUTICALS INC | $24.2M | 0.79% | 25,500,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $24.0M | 0.79% | 24,161,000 | Common | SOLE |
| 194014AB2 | ENOV 3.875 10/15/28 | ENOVIS CORPORATION | $23.9M | 0.78% | 24,500,000 | Common | SOLE |
| 606710AA9 | MITK 0.75 02/01/26 | MITEK SYS INC | $23.7M | 0.78% | 23,755,000 | Common | SOLE |
| 91680MAD9 | UPST 2 10/01/29 | UPSTART HLDGS INC | $23.6M | 0.77% | 18,778,000 | Common | SOLE |
| 594972AS0 | MSTR 0 12/01/29 | STRATEGY INC | $23.4M | 0.77% | 28,500,000 | Common | SOLE |
| 896945AD4 | TRIP 0.25 04/01/26 | TRIPADVISOR INC | $22.7M | 0.74% | 23,000,000 | Common | SOLE |
| 05464CAB7 | AXON 0.5 12/15/27 | AXON ENTERPRISE INC | $22.5M | 0.74% | 8,900,000 | Common | SOLE |
| 62914VAK2 | NIO 4.625 10/15/30 | NIO INC | $22.3M | 0.73% | 24,732,000 | Common | SOLE |
| 88162GAB9 | TTEK 2.25 08/15/28 | TETRA TECH INC NEW | $21.6M | 0.71% | 19,860,000 | Common | SOLE |
| 733245AD6 | PRCH 9 05/15/30 | PORCH GROUP INC | $21.5M | 0.71% | 19,100,000 | Common | SOLE |
| 875372AD6 | TNDM 1.5 03/15/29 2024 | TANDEM DIABETES CARE INC | $20.4M | 0.67% | 20,000,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $19.8M | 0.65% | 21,000,000 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP | $19.3M | 0.63% | 5,324 | PUT | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BLACKLINE INC | $19.2M | 0.63% | 18,284,000 | Common | SOLE |
| 15677JAD0 | DAY 0.25 03/15/26 | DAYFORCE INC | $19.1M | 0.63% | 19,245,000 | Common | SOLE |
| 74736LAD1 | QTWO 0.75 06/01/26 | Q2 HLDGS INC | $18.7M | 0.61% | 18,500,000 | Common | SOLE |
| 38341PAA0 | GOSS 5 06/01/27 | GOSSAMER BIO INC | $18.7M | 0.61% | 27,860,000 | Common | SOLE |
| 34379VAB9 | FLNC 2.25 06/15/30 | FLUENCE ENERGY INC | $18.1M | 0.59% | 15,000,000 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $18.0M | 0.59% | 1,656 | CALL | SOLE |
| 10316TAB0 | BOX 0 01/15/26 | BOX INC | $17.8M | 0.58% | 15,338,000 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COINBASE GLOBAL INC | $16.9M | 0.55% | 16,500,000 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $16.4M | 0.54% | 4,762 | CALL | SOLE |
| 453204AD1 | PI 1.125 05/15/27 | IMPINJ INC | $15.6M | 0.51% | 9,621,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $15.1M | 0.49% | 15,000,000 | Common | SOLE |
| 594972AJ0 | MSTR 0.625 03/15/30 | STRATEGY INC | $14.8M | 0.49% | 11,700,000 | Common | SOLE |
| 69549FAB5 | PGY 6.125 10/01/29 | PAGAYA U S HLDG CO LLC | $14.5M | 0.48% | 8,000,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $13.9M | 0.46% | 14,021,000 | Common | SOLE |
| 53680QAA6 | LARCN 1.75 01/15/27 | LITHIUM ARGENTINA AG | $13.4M | 0.44% | 14,655,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $13.1M | 0.43% | 9,002 | CALL | SOLE |
| 72703H101 | PLNT | PLANET FITNESS INC | $13.0M | 0.43% | 1,200 | CALL | SOLE |
| 87971M103 | TU | TELUS CORPORATION | $13.0M | 0.43% | 9,850 | PUT | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $12.7M | 0.42% | 10,000 | CALL | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $12.0M | 0.39% | 13,750,000 | Common | SOLE |
| G50871105 | JAZZ | JAZZ PHARMACEUTICALS PLC | $12.0M | 0.39% | 70,486 | Common | SOLE |
| 08265TAB5 | BSY 0.125 01/15/26 | BENTLEY SYS INC | $11.5M | 0.38% | 11,564,000 | Common | SOLE |
| 29975EAD1 | EB 0.75 09/15/26 | EVENTBRITE INC | $11.4M | 0.37% | 11,625,000 | Common | SOLE |
| 50202MAB8 | LI 0.25 05/01/28 | LI AUTO INC | $11.3M | 0.37% | 11,150,000 | Common | SOLE |
| 977852AP7 | WOLF 2.5 06/15/31 | WOLFSPEED INC | $11.1M | 0.37% | 7,530,000 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $10.8M | 0.35% | 440 | PUT | SOLE |
| 88080T104 | WULF | TERAWULF INC | $10.3M | 0.34% | 9,000 | CALL | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $9.7M | 0.32% | 3,378 | CALL | SOLE |
| 08862EAD1 | BYND 7 10/15/30 | BEYOND MEAT INC | $9.7M | 0.32% | 12,662,000 | Common | SOLE |
| 852234AK9 | XYZ 0.25 11/01/27 | BLOCK INC | $9.6M | 0.32% | 10,400,000 | Common | SOLE |
| 64049MAB6 | NEO 0.25 01/15/28 | NEOGENOMICS INC | $9.4M | 0.31% | 10,500,000 | Common | SOLE |
| 86800UAB0 | SMCI 3.5 03/01/29 | SUPER MICRO COMPUTER INC | $9.4M | 0.31% | 10,500,000 | Common | SOLE |
| 163072AA9 | CAKE 0.375 06/15/26 | CHEESECAKE FACTORY INC | $9.4M | 0.31% | 9,491,000 | Common | SOLE |
| 02081GAB8 | ATEC 0.75 08/01/26 | ALPHATEC HLDGS INC | $9.3M | 0.31% | 7,433,000 | Common | SOLE |
| 405024AB6 | HAE 0 03/01/26 | HAEMONETICS CORP MASS | $9.1M | 0.30% | 9,224,000 | Common | SOLE |
| 42703MAF0 | HLF 4.25 06/15/28 | HERBALIFE LTD | $7.8M | 0.26% | 7,201,000 | Common | SOLE |
| 399473AH0 | GRPN 6.25 03/15/27 * | GROUPON INC | $7.5M | 0.25% | 6,996,000 | Common | SOLE |
| 465741AN6 | ITRI 0 03/15/26 | ITRON INC | $7.4M | 0.24% | 7,500,000 | Common | SOLE |
| 35834FAB0 | TE 5.25 12/01/30 | T1 ENERGY INC | $7.0M | 0.23% | 5,500,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $7.0M | 0.23% | 374 | PUT | SOLE |
| 18452BAC4 | CLSK 0 06/15/30 | CLEANSPARK INC | $7.0M | 0.23% | 6,750,000 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $6.8M | 0.22% | 261,103 | Common | SOLE |
| 767292AB1 | RIOT 0.75 01/15/30 | RIOT PLATFORMS INC | $6.8M | 0.22% | 6,000,000 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $6.0M | 0.20% | 2,500 | CALL | SOLE |
| 05534B760 | BCE | BCE INC | $6.0M | 0.20% | 2,500 | PUT | SOLE |
| 17253J106 | CIFR | CIPHER MINING INC | $5.9M | 0.19% | 4,000 | CALL | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $4.8M | 0.16% | 1,400 | CALL | SOLE |
| 46435G334 | EWU | ISHARES TR | $4.4M | 0.14% | 1,000 | PUT | SOLE |
| 67059NAH1 | NTNX 0.25 10/01/27 | NUTANIX INC | $3.9M | 0.13% | 3,500,000 | Common | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $3.4M | 0.11% | 1,500 | CALL | SOLE |
| 31188VAB6 | FSLY 0 03/15/26 | FASTLY INC | $3.2M | 0.11% | 3,250,000 | Common | SOLE |
| M22465104 | CHKP | CHECK POINT SOFTWARE TECH LT | $2.9M | 0.10% | 15,700 | Common | SOLE |
| 31188V100 | FSLY | FASTLY INC | $2.6M | 0.09% | 256,500 | Common | SOLE |
| 04546CAB2 | ASRT 6.5 09/01/27 | ASSERTIO HOLDINGS INC | $2.5M | 0.08% | 2,750,000 | Common | SOLE |
| G11448100 | BTDR | BITDEER TECHNOLOGIES GROUP | $2.2M | 0.07% | 2,000 | CALL | SOLE |
| 67079K100 | SMR | NUSCALE PWR CORP | $2.1M | 0.07% | 1,500 | PUT | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $2.1M | 0.07% | 144,720 | Common | SOLE |
| 45783QAB6 | NOTV 3.25 10/15/27 | INOTIV INC | $2.0M | 0.07% | 8,455,000 | Common | SOLE |
| 91680MAB3 | UPST 0.25 08/15/26 | UPSTART HLDGS INC | $1.9M | 0.06% | 2,000,000 | Common | SOLE |
| 14161WAD7 | CDLX 4.25 04/01/29 | CARDLYTICS INC | $1.8M | 0.06% | 4,435,000 | Common | SOLE |
| 46438R105 | ETHA | ISHARES ETHEREUM TR | $1.5M | 0.05% | 668 | CALL | SOLE |
| 29415F104 | NVST | ENVISTA HOLDINGS CORPORATION | $1.3M | 0.04% | 59,431 | Common | SOLE |
| 88080T104 | WULF | TERAWULF INC | $1.1M | 0.04% | 100,000 | Common | SOLE |
| 803607100 | SRPT | SAREPTA THERAPEUTICS INC | $1.1M | 0.04% | 500 | PUT | SOLE |
| 097023105 | BA | BOEING CO | $915,378 | 0.03% | 4,216 | Common | SOLE |
| 477143101 | JBLU | JETBLUE AWYS CORP | $910,000 | 0.03% | 2,000 | CALL | SOLE |
| 30050BAH4 | EVH 3.5 12/01/29 | EVOLENT HEALTH INC | $760,706 | 0.02% | 1,122,000 | Common | SOLE |
| 05534B760 | BCE | BCE INC | $656,932 | 0.02% | 27,579 | Common | SOLE |
| 47100L301 | DFDV | DEFI DEVELOPMENT CORP | $591,860 | 0.02% | 117,200 | Common | SOLE |
| 92766K403 | SPCE | VIRGIN GALACTIC HOLDINGS INC | $508,464 | 0.02% | 1,584 | PUT | SOLE |
| 78464A870 | XBI | SPDR SERIES TRUST | $414,562 | 0.01% | 34 | PUT | SOLE |
| 38341P102 | GOSS | GOSSAMER BIO INC | $379,750 | 0.01% | 1,225 | PUT | SOLE |
| 04010L103 | ARCC | ARES CAPITAL CORP | $358,779 | 0.01% | 17,735 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $309,058 | 0.01% | 7,516 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $295,354 | 0.01% | 3,038 | Common | SOLE |
| 86384P109 | STUB | STUBHUB HLDGS INC | $290,895 | 0.01% | 215 | CALL | SOLE |
| 87971M103 | TU | TELUS CORPORATION | $274,579 | 0.01% | 20,833 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $264,957 | 0.01% | 37 | PUT | SOLE |
| 565788106 | MARA | MARA HOLDINGS INC | $133,003 | 0.00% | 14,811 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $108,903 | 0.00% | 17,679 | Common | SOLE |
| 683712145 | OPENZ | OPENDOOR TECHNOLOGIES INC | $72,210 | 0.00% | 12,386 | CALL | SOLE |
| 683712137 | OPENL | OPENDOOR TECHNOLOGIES INC | $72,210 | 0.00% | 12,386 | CALL | SOLE |
| 683712129 | OPENW | OPENDOOR TECHNOLOGIES INC | $72,210 | 0.00% | 12,386 | CALL | SOLE |
| G6223S117 | MLECW | MOOLEC SCIENCE SA | $62,299 | 0.00% | 16,313 | CALL | SOLE |
| G1281K114 | SLXNW | SILEXION THERAPEUTICS CORP | $27,231 | 0.00% | 14,183 | CALL | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.