Radcliffe Capital Management, L.P. — Q2 2025 13F Holdings

Name: Radcliffe Capital Management, L.P. — 13F Holdings, Q2 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001218275

Total reported value

$1.3B

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	DOCN 0 12-01-26	Digitalocean Holdings	Stock-Tech	11.03%	—	-11.92%
2	ENPH 0 03-01-26	Enphase Energy INC	Stock-Tech	10.20%	-8.06%	EXIT
3	FVRR 0 11-01-25	Fiverr International LTD	Stock-Other	7.48%	—	+182.19%
4	TDOC 1.25 06-01-27	Teladoc Health INC	Stock-Healthcare	6.64%	—	+4.12%
5	NICEIT 0 09-15-25	Nice LTD	Stock-Other	6.09%	—	+7.71%
6	MGNI 0.25 03-15-26	Magnite INC	Stock-Other	5.48%	-4.12%	EXIT
7	NMFC 7.5 10-15-25	New Mountain Finance Cor	Stock-Other	5.12%	—	—
8	RNG 0 03-15-26	Ringcentral INC	Stock-Tech	3.08%	-4.37%	EXIT
9	ENPH 0 03-01-28	Enphase Energy INC	Stock-Tech	2.64%	—	+6.23%
10	ETSY 0.25 06-15-28	Etsy INC	Stock-Consumer Disc	2.48%	—	—
11	BAND 0.5 04-01-28	Bandwidth INC	Stock-Other	2.48%	-1.15%	+31.20%
12	CABO 0 03-15-26	Cable One INC	Stock-Comm Services	2.47%	-4.03%	EXIT
13	WIX 0 08-15-25	Wix LTD	Stock-Tech	2.15%	—	—
14	AFRM 0 11-15-26	Affirm Holdings INC	Stock-Financials	1.84%	—	—
15	U 0 11-15-26	Unity Software INC	Stock-Tech	1.31%	—	—
16	AAL 6.5 07-01-25	American Airlines Group	Stock-Industrials	1.29%	—	—
17	PCRX 0.75 08-01-25	Pacira Biosciences INC	Stock-Other	1.26%	—	+28.49%
18	UPWK 0.25 08-15-26	Upwork INC	Stock-Other	1.12%	—	—
19	ALRM 0 01-15-26	Alarm.com Hldgs INC	Stock-Other	1.00%	-3.12%	EXIT
20	ETSY 0.125 09-01-27	Etsy INC	Stock-Consumer Disc	0.79%	—	—
21	ZS 0.125 07-01-25	Zscaler INC.	Stock-Tech	0.78%	—	—
22	ARRY 1 12-01-28	Array Technologies INC	Stock-Other	0.72%	-0.59%	—
23	ABNB 0 03-15-26	Airbnb INC	Stock-Consumer Disc	0.61%	-0.43%	EXIT
24	BL 0 03-15-26	Blackline INC	Stock-Tech	0.59%	-0.58%	EXIT
25	OMCL 0.25 09-15-25	Omnicell INC	Stock-Healthcare	0.59%	—	+124.03%
26	MSTR 0.625 03-15-30	Strategy INC	Stock-Tech	0.53%	—	—
27	GTENU	Gores Holdings X, Inc.	Stock-Other	0.51%	—	—
28	BILL 0 04-01-27	Bill Holdings INC	Stock-Tech	0.51%	—	+217.20%
29	✓		Stock-Other	0.47%	—	—
30	✓		Stock-Other	0.44%	—	—
31	✓		Stock-Other	0.42%	—	—
32	✓	Jackson Acquisition Co Ii	Stock-Other	0.42%	—	—
33	✓	Thayer Ventures Acq CORP Ii	Stock-Other	0.41%	—	—
34	✓		Stock-Other	0.41%	—	—
35	BL 1 06-01-29	Blackline INC	Stock-Tech	0.40%	—	—
36	VOYG	Voyager Technologies, Inc.	Stock-Other	0.40%	-0.29%	EXIT
37	✓	Kochav Defense Acqui Co	Stock-Other	0.39%	—	—
38	DBX 0 03-01-28	Dropbox INC	Stock-Tech	0.39%	—	—
39	✓		Stock-Other	0.39%	—	—
40	✓		Stock-Other	0.38%	—	—
41	✓	Blue Acquisition CORP.	Stock-Other	0.38%	—	—
42	✓	Cal Redwood Acquisition CORP	Stock-Other	0.38%	—	—
43	✓	Blue Wtr Acquisition CORP. I	Stock-Other	0.38%	—	—
44	✓	Oxley Bridge Acq LTD	Stock-Other	0.38%	—	—
45	✓		Stock-Other	0.38%	—	—
46	OKTA 0.125 09-01-25	Okta INC	Stock-Tech	0.38%	—	—
47	AKAM 0.375 09-01-27	Akamai Technologies INC	Stock-Tech	0.37%	—	—
48	✓	Sizzle Acquisition CORP. Ii	Stock-Other	0.37%	—	—
49	✓		Stock-Other	0.36%	—	—
50	✓	Soulpower Acquisition CORP	Stock-Other	0.34%	—	—

1–50 of 145

Holding changes this quarter

Position changes disclosed by Radcliffe Capital Management, L.P. for the quarter ending Q2 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	FVRR 0 11-01-25	Fiverr International LTD	+3.9%	+182.19%	Add
2	ENPH 0 03-01-26	Enphase Energy INC	+3.4%	+100.93%	Add
3	WIX 0 08-15-25	Wix LTD	+2.2%	NEW	New buy
4	AAL 6.5 07-01-25	American Airlines Group	+1.3%	NEW	New buy
5	ARRY 1 12-01-28	Array Technologies INC	+0.7%	NEW	New buy
6	CABO 0 03-15-26	Cable One INC	+0.7%	+87.58%	Add
7	GTENU	Gores Holdings X, Inc.	+0.5%	NEW	New buy
8	✓		+0.5%	NEW	New buy
9	✓		+0.4%	NEW	New buy
10	✓		+0.4%	NEW	New buy
11	✓	Jackson Acquisition Co Ii	+0.4%	NEW	New buy
12	✓	Thayer Ventures Acq CORP Ii	+0.4%	NEW	New buy
13	✓		+0.4%	NEW	New buy
14	BL 1 06-01-29	Blackline INC	+0.4%	NEW	New buy
15	VOYG	Voyager Technologies, Inc.	+0.4%	NEW	New buy
16	✓	Kochav Defense Acqui Co	+0.4%	NEW	New buy
17	✓		+0.4%	NEW	New buy
18	✓		+0.4%	NEW	New buy
19	✓	Blue Acquisition CORP.	+0.4%	NEW	New buy
20	✓	Cal Redwood Acquisition CORP	+0.4%	NEW	New buy
21	✓	Blue Wtr Acquisition CORP. I	+0.4%	NEW	New buy
22	✓	Oxley Bridge Acq LTD	+0.4%	NEW	New buy
23	✓		+0.4%	NEW	New buy
24	OKTA 0.125 09-01-25	Okta INC	+0.4%	NEW	New buy
25	✓	Sizzle Acquisition CORP. Ii	+0.4%	NEW	New buy
26	ABNB 0 03-15-26	Airbnb INC	+0.4%	+230.80%	Add
27	✓		+0.4%	NEW	New buy
28	✓	Soulpower Acquisition CORP	+0.3%	NEW	New buy
29	✓	Texas Ventures Acquisition I	+0.3%	NEW	New buy
30	ALRM 0 01-15-26	Alarm.com Hldgs INC	+0.3%	+92.86%	Add
31	✓		+0.3%	NEW	New buy
32	BILL 0 04-01-27	Bill Holdings INC	+0.3%	+217.20%	Add
33	✓	Lightwave Acquisition CORP	+0.3%	NEW	New buy
34	✓		+0.3%	NEW	New buy
35	ANSCW	Agriculture & Natural Solutions Acquisition Corporation	+0.3%	NEW	New buy
36	VRNT 0.25 04-15-26	Verint Systems INC	+0.3%	NEW	New buy
37	OMCL 0.25 09-15-25	Omnicell INC	+0.2%	+124.03%	Add
38	ZS 0.125 07-01-25	Zscaler INC.	+0.1%	—	Unchanged
39	BAND 0.5 04-01-28	Bandwidth INC	0%	+31.20%	Add
40	RNG 0 03-15-26	Ringcentral INC	0%	+33.09%	Add
41	PCRX 0.75 08-01-25	Pacira Biosciences INC	-0.1%	+28.49%	Add
42	LYFT 1.5 05-15-25	Lyft INC	-0.7%	EXIT	Sold out
43	DDOG 0.125 06-15-25	Datadog INC	-0.8%	EXIT	Sold out
44	MGNI 0.25 03-15-26	Magnite INC	-1.4%	+7.17%	Add
45	NICEIT 0 09-15-25	Nice LTD	-1.5%	+7.71%	Add
46	TDOC 1.25 06-01-27	Teladoc Health INC	-2%	+4.12%	Add
47	RPAY 0 02-01-26 *	Repay Holdings	-2.2%	EXIT	Sold out
48	FIVN 0.5 06-01-25	Five9 INC	-2.3%	EXIT	Sold out
49	DOCN 0 12-01-26	Digitalocean Holdings	-5.9%	-11.92%	Trim
50	TDOC 0.875 06-01-25	Livongo Health	-9.5%	EXIT	Sold out