The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADT Inc COM 00090Q103 2,069,379 318,366 SH SOLE 318,366 0 0
Alibaba Group Holding Ltd CALL 01609W102 1,950 15,000 SH Call SOLE 15,000 0 0
Alibaba Group Holding Ltd NOTE 0.500% 6/0 01609W102 2,362,000 2,000,000 PRN SOLE 2,000,000 0 0
Alphabet Inc DEP SHS RP1/20 A 02079K305 1,875,000 37,500 SH SOLE 37,500 0 0
Alphabet Inc DEP SHS RP1/20 B 02079K107 1,875,000 37,500 SH SOLE 37,500 0 0
Amazon.com Inc CALL 023135106 226,250 50,000 SH Call SOLE 50,000 0 0
Amazon.com Inc CALL 023135106 298,750 50,000 SH Call SOLE 50,000 0 0
Amazon.com Inc CALL 023135106 226,000 100,000 SH Call SOLE 100,000 0 0
Apple Inc CALL 037833100 275,000 25,000 SH Call SOLE 25,000 0 0
Apple Inc PUT 037833100 51,000 30,000 SH Put SOLE 30,000 0 0
Ares Management Corp 6.75 SE B PFD 03990B101 720,000 20,000 SH SOLE 20,000 0 0
Arko Petroleum Corp CL A COM 04124A100 761,879 40,418 SH SOLE 40,418 0 0
Babcock & Wilcox Enterprises Inc COM 05614L209 2,893,320 205,200 SH SOLE 205,200 0 0
Bain Capital GSS Investment Corp *W EXP 01/01/202 G0R78B106 136,459 200,675 SH Call SOLE 200,675 0 0
Bain Capital GSS Investment Corp ORD CL A G0R78B106 10,304,702 1,003,379 SH SOLE 1,003,379 0 0
Bit Digital, Inc SHS G1144A105 315,000 175,000 SH SOLE 175,000 0 0
Bitdeer Technologies Group PUT G11448100 35,625 25,000 SH Put SOLE 25,000 0 0
Boeing Co DEP CONV PFD A 097023105 1,005,000 15,000 SH SOLE 15,000 0 0
Briacell Therapeutics Corp *W EXP 01/15/203 107930307 22,250 25,000 SH Call SOLE 25,000 0 0
Briacell Therapeutics Corp COM 107930307 48,600 15,000 SH SOLE 15,000 0 0
Celsius Holdings Inc CALL 15118V207 139,875 75,000 SH Call SOLE 75,000 0 0
Celsius Holdings Inc CALL 15118V207 127,750 50,000 SH Call SOLE 50,000 0 0
Cipher Digital Inc NOTE 1.750% 5/1 17253J106 11,224,919 2,000,000 PRN SOLE 2,000,000 0 0
Cipher Digital Inc PUT 17253J106 37,275 15,000 SH Put SOLE 15,000 0 0
Coca-Cola Co PUT 191216100 55,500 75,000 SH Put SOLE 75,000 0 0
Equipmentshare.Com Inc COM CL A 29445S100 484,599 24,649 SH SOLE 24,649 0 0
EQV Ventures Acquisition Corp II UNIT 06/30/2032 G3106Q110 4,369,000 425,000 SH SOLE 425,000 0 0
Evergy Inc NOTE 4.500%12/1 30034W106 1,423,650 1,000,000 PRN SOLE 1,000,000 0 0
Firefly Aerospace Inc. COM 31816X106 661,500 22,500 SH SOLE 22,500 0 0
Flutter Entertainment PLC CALL G3643J108 45,410 23,900 SH Call SOLE 23,900 0 0
Flutter Entertainment PLC CALL G3643J108 52,400 104,800 SH Call SOLE 104,800 0 0
Ford Motor Co COM 345370860 2,293,500 165,000 SH SOLE 165,000 0 0
Ford Motor Co PUT 345370860 263,250 150,000 SH Put SOLE 150,000 0 0
Ford Motor Co PUT 345370860 168,000 150,000 SH Put SOLE 150,000 0 0
Greenland Energy Co *W EXP 04/21/203 70580B106 85,000 100,000 SH Call SOLE 100,000 0 0
HawkEye 360 Inc COM SHS 420201105 1,668,150 82,500 SH SOLE 82,500 0 0
Humacyte Inc COM 44486Q103 507,260 650,000 SH SOLE 650,000 0 0
IREN Ltd NOTE 3.250% 6/1 Q4982L109 5,851,000 2,000,000 PRN SOLE 2,000,000 0 0
iShares MSCI Emerging Markets ETF MSCI EMG MKT ETF 464287234 684,100 10,000 SH SOLE 10,000 0 0
iShares MSCI Emerging Markets ETF PUT 464287234 48,000 50,000 SH Put SOLE 50,000 0 0
iShares MSCI Emerging Markets ETF PUT 464287234 60,550 35,000 SH Put SOLE 35,000 0 0
iShares Russell 2000 ETF PUT 464287655 34,200 30,000 SH Put SOLE 30,000 0 0
iShares Russell 2000 ETF PUT 464287655 74,000 25,000 SH Put SOLE 25,000 0 0
iShares Russell 2000 ETF PUT 464287655 21,300 30,000 SH Put SOLE 30,000 0 0
iShares Russell 2000 ETF PUT 464287655 22,250 10,000 SH Put SOLE 10,000 0 0
iShares Russell 2000 ETF PUT 464287655 229,500 150,000 SH Put SOLE 150,000 0 0
iShares Russell 2000 ETF PUT 464287655 25,800 30,000 SH Put SOLE 30,000 0 0
iShares Russell 2000 ETF PUT 464287655 46,250 25,000 SH Put SOLE 25,000 0 0
iShares Russell 2000 ETF RUSSELL 2000 ETF 464287655 6,009,000 20,000 SH SOLE 20,000 0 0
iShares Trust - iShares U.S. Real Estate ETF PUT 464287739 56,875 65,000 SH Put SOLE 65,000 0 0
iShares Trust - iShares U.S. Real Estate ETF PUT 464287739 100,000 100,000 SH Put SOLE 100,000 0 0
iShares Trust - iShares U.S. Real Estate ETF U.S. REAL ES ETF 464287739 2,045,000 20,000 SH SOLE 20,000 0 0
Jaguar Uranium Corp CL A COM SHS 47010E108 184,762 110,636 SH SOLE 110,636 0 0
JetBlue Airways Corp NOTE 2.500% 9/0 477143101 5,543,250 5,000,000 PRN SOLE 5,000,000 0 0
Joby Aviation Inc NOTE 0.750% 2/1 G65163100 912,000 1,000,000 PRN SOLE 1,000,000 0 0
K&F Growth Acquisition II Corp UNIT 99/99/9999 G52258103 7,965,000 750,000 SH SOLE 750,000 0 0
Karman Holdings Inc CALL 485924104 15,750 30,000 SH Call SOLE 30,000 0 0
Karman Holdings Inc COMMON STOCK 485924104 3,494,400 70,000 SH SOLE 70,000 0 0
Keel Infrastructure Corp PUT 486917107 17,750 25,000 SH Put SOLE 25,000 0 0
KKR & Co Inc 6.25 CON SER D 48251W104 780,000 20,000 SH SOLE 20,000 0 0
KraneShares CSI China Internet ETF CALL 500767306 136,250 50,000 SH Call SOLE 50,000 0 0
KraneShares CSI China Internet ETF CALL 500767306 2,250 50,000 SH Call SOLE 50,000 0 0
Live Nation Entertainment Inc NOTE 2.875% 1/1 538034109 1,196,000 1,000,000 PRN SOLE 1,000,000 0 0
Macerich Co COM 554382101 755,700 30,000 SH SOLE 30,000 0 0
McEwen Inc NOTE 5.250% 8/1 58039P305 1,920,500 1,000,000 PRN SOLE 1,000,000 0 0
Nebius Group NV PUT N97284108 118,500 7,500 SH Put SOLE 7,500 0 0
Netflix Inc CALL 64110L106 78,250 50,000 SH Call SOLE 50,000 0 0
Netflix Inc CALL 64110L106 131,250 75,000 SH Call SOLE 75,000 0 0
New Era Energy & Digital Inc COM 64428N109 159,500 25,000 SH SOLE 25,000 0 0
Nextera Energy Inc UNIT 02/15/2029 65339F101 956,000 20,000 SH SOLE 20,000 0 0
Nouveau Monde Graphite Inc COM NEW 66979W842 442,500 295,000 SH SOLE 295,000 0 0
NVIDIA Corp CALL 67066G104 105,000 25,000 SH Call SOLE 25,000 0 0
NVIDIA Corp CALL 67066G104 241,250 50,000 SH Call SOLE 50,000 0 0
NVIDIA Corp CALL 67066G104 195,500 20,000 SH Call SOLE 20,000 0 0
NVIDIA Corp CALL 67066G104 191,875 25,000 SH Call SOLE 25,000 0 0
NVIDIA Corp CALL 67066G104 124,000 40,000 SH Call SOLE 40,000 0 0
Oracle Corp 6.5 DEP CUM SR D 68389X105 921,850 20,600 SH SOLE 20,600 0 0
Presidio Production Co CL A COM 74102N101 3,284,392 270,098 SH SOLE 270,098 0 0
QXO Inc CALL 82846H405 77,500 50,000 SH Call SOLE 50,000 0 0
QXO Inc COM NEW 82846H405 2,592,000 150,000 SH SOLE 150,000 0 0
Ramaco Resources Inc NOTE 11/0 75134P600 748,400 1,000,000 PRN SOLE 1,000,000 0 0
Riot Platforms Inc NOTE 0.750% 1/1 767292105 4,021,440 2,000,000 PRN SOLE 2,000,000 0 0
Roundhill Magnificent Seven ETF CALL 53656G498 195,000 50,000 SH Call SOLE 50,000 0 0
Roundhill Magnificent Seven ETF CALL 53656G498 70,625 25,000 SH Call SOLE 25,000 0 0
SharonAI Holdings Inc COM CL A 778920306 3,079,423 36,374 SH SOLE 36,374 0 0
SharonAI Holdings Inc PUT 778920306 98,000 20,000 SH Put SOLE 20,000 0 0
Snowflake Inc NOTE 10/0 833445109 1,664,451 1,000,000 PRN SOLE 1,000,000 0 0
Snowflake Inc NOTE 10/0 833445109 1,770,600 1,000,000 PRN SOLE 1,000,000 0 0
Sonida Senior Living Inc COM 140475203 10,557,000 258,750 SH SOLE 258,750 0 0
Southern Co NOTE 3.250% 6/1 842587107 2,528,914 2,500,000 PRN SOLE 2,500,000 0 0
Southern Co NOTE 4.500% 6/1 842587107 1,654,125 1,500,000 PRN SOLE 1,500,000 0 0
Space Exploration Technologies Corp CALL 84615Q103 4,000 2,500 SH Call SOLE 2,500 0 0
SPDR Series Trust - SPDR S&P Homebuilders ETF PUT 78464A888 66,000 20,000 SH Put SOLE 20,000 0 0
State Street Energy Select Sector SPDR ETF PUT 81369Y506 213,000 100,000 SH Put SOLE 100,000 0 0
State Street Energy Select Sector SPDR ETF ST STR ENERG ETF 81369Y506 1,991,625 37,500 SH SOLE 37,500 0 0
State Street Industrial Select Sector SPDR ETF PUT 81369Y704 9,750 10,000 SH Put SOLE 10,000 0 0
State Street Industrial Select Sector SPDR ETF PUT 81369Y704 60,000 25,000 SH Put SOLE 25,000 0 0
State Street SPDR S&P 500 ETF PUT 78462F103 34,800 40,000 SH Put SOLE 40,000 0 0
State Street SPDR S&P 500 ETF PUT 78462F103 135,000 50,000 SH Put SOLE 50,000 0 0
State Street SPDR S&P 500 ETF PUT 78462F103 36,100 20,000 SH Put SOLE 20,000 0 0
State Street SPDR S&P 500 ETF PUT 78462F103 79,875 25,000 SH Put SOLE 25,000 0 0
State Street SPDR S&P 500 ETF PUT 78462F103 688,750 250,000 SH Put SOLE 250,000 0 0
State Street SPDR S&P 500 ETF TR UNIT 78462F103 59,741,600 80,000 SH SOLE 80,000 0 0
State Street SPDR S&P Oil & Gas Expl & Prod ETF PUT 78468R556 235,750 50,000 SH Put SOLE 50,000 0 0
State Street SPDR S&P Oil & Gas Expl & Prod ETF SP O&G EXPL PRO 78468R556 1,542,600 10,000 SH SOLE 10,000 0 0
State Street Utilities Select Sector SPDR ETF PUT 81369Y886 63,750 85,000 SH Put SOLE 85,000 0 0
Sunrun Inc NOTE 4.000% 3/0 86771W105 3,648,473 3,074,000 PRN SOLE 3,074,000 0 0
Target Corp COM 87612E106 10,448,800 80,000 SH SOLE 80,000 0 0
Target Corp PUT 87612E106 145,000 25,000 SH Put SOLE 25,000 0 0
Target Corp PUT 87612E106 553,125 75,000 SH Put SOLE 75,000 0 0
TJX Companies Inc COM 872540109 12,877,500 85,000 SH SOLE 85,000 0 0
TJX Companies Inc PUT 872540109 960,000 200,000 SH Put SOLE 200,000 0 0
TXO Partners LP COM UNIT 87313P103 1,021,663 81,733 SH SOLE 81,733 0 0
Uber Technologies Inc NOTE 0.875%12/0 90353T100 1,198,000 1,000,000 PRN SOLE 1,000,000 0 0
Upstart Holdings Inc NOTE 1.000%11/1 91680M107 1,229,716 1,500,000 PRN SOLE 1,500,000 0 0
VanEck Semiconductor ETF PUT 92189F676 78,375 7,500 SH Put SOLE 7,500 0 0
Whitehawk Minerals Corp CL A 96524T101 2,165,843 77,852 SH SOLE 77,852 0 0
X-Energy Inc COM CL A 98386P102 1,836,000 100,000 SH SOLE 100,000 0 0