Radcliffe Capital Management, L.P.

Registered adviser

CIK

1218275

Location

BALA CYNWYD, PA

Portfolio Value

Small $946,725,730

Diversification

Diversified

Filing Date

Global Rank

#2,616 / 8,819 ▼ 106

Top Industry

Shell Companies 98.5%

3Y Alpha vs SPY

-6.7%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 136028

Roster of Oct 1, 2026

Regulatory AUM

$5,144,022,980

Main clients

Pooled investment vehicles (81% of AUM)

Private funds

7 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$4,146,535,646 gross assets

LEI

254900NINK6RWFS5EE09

Private funds on Schedule D 7.B.(1)

As filed Jul 15, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$3,494,058,694 gross assets in 8 funds Hedge funds $2,866,328,312 (7) Other private funds $627,730,382 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$5,144,022,980	Pooled investment vehicles (81%)
Apr 2025 to Mar 2026	$4,356,491,582	Pooled investment vehicles (78%)
Apr 2024 to Mar 2025	$4,430,512,575	Pooled investment vehicles (79%)
Aug 2023 to Mar 2024	$5,805,732,007	Pooled investment vehicles (85%)
May 2023 to Jul 2023	$5,805,732,007	Pooled investment vehicles (85%)
Apr 2023	$5,805,732,007	Pooled investment vehicles (85%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 9.3%, 185.7 effective positions, active share 99.8% against the Russell 2000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

58.4% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.9 quarters (under 4)

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.8%; sector active share 86.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

391 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

1.4%

−0.1 pts

Top 5

5.4%

+0.3 pts

Top 10

9.3%

+0.0 pts

HHI

Diversified−4

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	97.2%	$920,310,772	379
Unclassified	1.3%	$12,628,797	4
Utilities	0.6%	$5,491,934	1
Industrials	0.5%	$5,126,515	1
Communication Services	0.2%	$1,469,052	1
Technology	0.2%	$1,429,844	4
Healthcare	0.0%	$268,816	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
RDAG	Republic Digital Acquisition Co	+227,633	543,393	$5,607,815
PMTR	Perimeter Acquisition Corp. I	+182,991	521,525	$5,434,290
RTAC	Renatus Tactical Acquisition Corp I	+180,289	365,480	$3,830,230
VHCP	Vine Hill Capital Investment Corp. II	+139,704	504,364	$5,033,552
HCIC	Hennessy Capital Investment Corp. VIII	+137,946	487,946	$4,845,303
NWAX	New America Acquisition I Corp.	+130,211	285,033	$2,893,084
FCRS	FutureCrest Acquisition Corp.	+114,908	531,949	$5,479,074
PTOR	Praetorian Acquisition Corp.	+114,477	281,839	$2,798,661
—		+100,000	504,238	$5,758,397
IEAG	Infinite Eagle Acquisition Corp.	+94,961	302,389	$3,060,176
ARCI	Archimedes Tech SPAC Partners III Co.	+90,376	504,673	$5,051,776
ARTC	Art Technology Acquisition Corp.	+79,242	213,494	$2,119,995
BCSS	Bain Capital GSS Investment Corp.	+73,919	412,365	$4,234,988
TACOW	Berto Acquisition Corp.	+67,529	93,872	$68,996
LEGO	Legato Merger Corp. IV	+56,967	360,576	$3,576,913
HCICR	Hennessy Capital Investment Corp. VIII	+54,500	404,500	$69,372
MLAA	Mountain Lake Acquisition Corp. II	+54,134	458,116	$4,549,091
CRAN	Crane Harbor Acquisition Corp. II	+53,498	633,764	$6,420,029
PCAP	ProCap Acquisition Corp	+52,693	586,055	$6,024,645
RNGT	Range Capital Acquisition Corp II	+52,562	434,513	$4,392,926
CCAQW	Collective Acquisition Corp.	+52,400	262,724	$106,403
KBON	Karbon Capital Partners Corp.	+48,705	217,789	$2,199,668
CEPS	Cantor Equity Partners VI, Inc.	+43,428	93,456	$969,138
SORN	Soren Acquisition Corp.	+41,813	106,330	$1,054,793
ONCH	1RT Acquisition Corp.	+40,296	425,732	$4,363,753
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BCAR	D. Boral ARC Acquisition I Corp.	−250,466	190,004	$1,981,742
—		−236,370	203,779	$2,102,999
TDAC	Translational Development Acquisition Corp.	−233,574	271,940	$2,907,038
ATII	Archimedes Tech SPAC Partners II Co.	−183,276	478,061	$5,153,497
TDOC	Teladoc Health, Inc.	−169,600	31,700	$268,816
TAVIR	Tavia Acquisition Corp.	−110,854	37,788	$4,157
XRPNW	Armada Acquisition Corp. II	−107,022	99,984	$81,487
DMAAR	Drugs Made In America Acquisition Corp.	−87,640	143,911	$16,543
BACC	Blue Acquisition Corp	−85,326	436,900	$4,631,140
NSTR	NorthStar Earth & Space Enterprises, Inc.	−73,384	501,616	$5,126,515
BSAAR	BEST SPAC I Acquisition Corp.	−70,000	100,000	$16,780
—		−61,331	499,640	$5,441,079
FIVN	Five9, Inc.	−47,500	37,500	$799,500
EGHAR	EGH Acquisition Corp.	−37,864	227,752	$85,464
DYNC	Dynamix Corp	−36,880	54,312	$586,026
MGNI	Magnite, Inc.	−35,000	77,400	$1,469,052
AXINR	Axiom Intelligence Acquisition Corp 1	−29,187	379,615	$142,849
TVA	Texas Ventures Acquisition III Corp	−25,894	300,000	$3,165,000
RANGR	Range Capital Acquisition Corp.	−25,817	68,704	$15,156
SVAQW	Silicon Valley Acquisition Corp.	−15,200	109,800	$86,083
FERAR	Fifth Era Acquisition Corp I	−14,861	100,088	$31,278
VRRM	VERRA MOBILITY Corp	−10,000	49,000	$208,250
AXIN	Axiom Intelligence Acquisition Corp 1	−7,932	541,826	$5,602,480
MCGAW	Yorkville Acquisition Corp.	−3,100	31,330	$9,167
XRPN	Armada Acquisition Corp. II	−2,944	463,845	$4,833,264
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
GUAC	Berto Acquisition Corp. II	1,300,000	$13,156,000
GHXI	Gores Holdings XI, Inc.	600,000	$6,090,000
CTAA	Clearthink 1 Acquisition Corp.	610,000	$6,045,100
TRGS	TRG Latin America Acquisitions Corp.	600,000	$5,934,000
ILLU	Illumination Acquisition Corp. I	499,184	$4,941,921
KEYY	Keystone Acquisition Corp.	499,900	$4,929,014
LTGR	Long Table Growth Corp.	488,868	$4,893,569
HACQ	HCM IV Acquisition Corp.	452,832	$4,541,904
KPET	KPET Ultra Paceline Corp	446,898	$4,460,042
CAII	Collective Acquisition Corp. II	425,000	$4,207,500
NHIV	NewHold Investment Corp IV	403,464	$4,034,640
IPVV	InterPrivate Investment Partners V, Inc.	400,000	$3,968,000
IACO	Idea Acquisition Corp.	400,036	$3,964,356
QADR	QDRO Acquisition Corp.	370,934	$3,675,955
AACO	Abony Acquisition Corp. I	361,159	$3,575,474
MZYX	MOZAYYX Acquisition Corp.	350,800	$3,497,476
YICCU	Yorkville International Capital Corp.	347,800	$3,491,912
AESP	Aeon Acquisition I Corp.	341,359	$3,447,726
ATLQ	JAB Acquisition Corp I	337,400	$3,384,122
RREV	RRE Ventures Acquisition Corp.	318,596	$3,144,542
SHOT	RMG ML Sports Holdings	300,000	$2,997,000
ISNR	Snow Rothschild Acquisition Corp.	299,172	$2,994,712
SUMA	SUMA Acquisition Corp	282,500	$2,793,925
ACAA	Averin Capital Acquisition Corp.	278,958	$2,778,421
BWIV	Blue Water Acquisition Corp. IV	275,100	$2,723,490
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
GPAT	GP-Act III Acquisition Corp.	623,267	$6,756,214
TMS	Teamshares Inc	590,384	$6,139,993
FAC	Factorial Energy Inc.	595,296	$6,104,760
CTAAU	Clearthink 1 Acquisition Corp.	610,000	$6,100,000
TRGSU	TRG Latin America Acquisitions Corp.	600,000	$5,970,000
SIMA	SIM Acquisition Corp. I	539,443	$5,782,828
DMAA	Drugs Made In America Acquisition Corp.	546,808	$5,730,547
ALF	Centurion Acquisition Corp.	501,086	$5,391,685
ILLUU	Illumination Acquisition Corp. I	499,161	$4,951,677
MACI	Melar Acquisition Corp. I	426,939	$4,598,133
—		385,249	$4,045,115
—		349,810	$3,844,412
CUB	Lionheart Holdings	345,241	$3,714,793
IACOU	Idea Acquisition Corp.	365,082	$3,617,962
ENHA	Enhanced Group Inc.	350,000	$3,559,500
—		323,608	$3,336,398
HACQU	HCM IV Acquisition Corp.	327,164	$3,281,454
AACOU	Abony Acquisition Corp. I	326,342	$3,243,839
HDRN	Hadron Energy, Inc.	286,789	$3,054,302
SUMAU	SUMA Acquisition Corp	275,500	$2,760,510
ACAAU	Averin Capital Acquisition Corp.	275,000	$2,750,000
TMTSU	Spartacus Acquisition Corp. II	250,000	$2,510,000
FMACU	Future Money Acquisition Corp	250,000	$2,497,500
PGAC	PANTAGES CAPITAL ACQUISITION Corp	229,090	$2,400,863
PONOU	Pono Capital Four, Inc.	237,034	$2,365,599
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

391 tracked positions · $946,725,730 total · filing declares 450 positions · $1,315,320,552 · as of Jun 30, 2026

All sectors Communication Services Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 391 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GUAC	Berto Acquisition Corp. II Financial Services	NEW	1,300,000	NEW	$13,156,000	NEW	1	unpriced	1.39%
DBCA	D. Boral Acquisition I Corp. Financial Services	Reduced	1,275,715	-614	$12,718,878	+1.1%	2	$9.85	1.34%
EVAC	EQV Ventures Acquisition Corp. II Financial Services	Held	910,862	0	$9,272,575	+0.9%	4	$9.94	0.98%
MESH	Meshflow Acquisition Corp Financial Services	Held	775,000	0	$7,757,750	+1.2%	2	$9.90	0.82%
WENN	WEN Acquisition Corp Financial Services	Added	742,039	+5,800	$7,635,581	+1.9%	4	$10.19	0.81%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	Held	750,000	0	$7,455,000	+1.1%	2	unpriced	0.79%
HCMA	Hcm III Acquisition Corp. Financial Services	Held	703,404	0	$7,230,993	+2.0%	4	unpriced	0.76%
SDHI	Siddhi Acquisition Corp (Cayman Islands) Financial Services	Held	693,837	0	$7,229,781	+0.8%	5	unpriced	0.76%
EVOX	Evolution Global Acquisition Corp Financial Services	Held	720,988	0	$7,224,299	+0.6%	3	unpriced	0.76%
JACS	Jackson Acquisition Co II Financial Services	Held	675,001	0	$7,182,010	+0.5%	5	$10.24	0.76%
		Held	678,671	0	$7,119,258	+1.5%	5	$10.09	0.75%
KOYN	CSLM Digital Asset Acquisition Corp III, Ltd Financial Services	Held	701,739	0	$7,115,633	+1.0%	4	unpriced	0.75%
KFII	K&F Growth Acquisition Corp. II Financial Services	Held	671,808	0	$7,087,574	+1.2%	5	$10.15	0.75%
NPAC	New Providence Acquisition Corp. III Financial Services	Held	665,376	0	$6,907,268	+1.2%	4	$10.15	0.73%
GTEN	Gores Holdings X, Inc. Financial Services	Reduced	657,563	-500	$6,858,382	+1.8%	5	unpriced	0.72%
SOUL	Soulpower Acquisition Corp. Financial Services	Held	655,635	0	$6,785,822	+1.0%	5	unpriced	0.72%
APXT	Apex Treasury Corp Financial Services	Held	675,000	0	$6,783,750	+1.1%	3	$9.89	0.72%
ALUB	Alussa Energy Acquisition Corp. II Financial Services	Held	675,000	0	$6,777,000	+0.6%	2	$10.02	0.72%
MBVI	M3-Brigade Acquisition VI Corp. Financial Services	Added	668,807	+29,964	$6,775,014	+5.5%	3	$10.06	0.72%
BLZR	Trailblazer Acquisition Corp. Financial Services	Added	662,271	+22,300	$6,702,182	+4.2%	3	$10.08	0.71%
BDCI	BTC Development Corp. Financial Services	Added	653,362	+2,042	$6,579,355	+1.1%	3	$10.09	0.69%
GIW	GigCapital8 Corp. Financial Services	Held	650,000	0	$6,544,850	+1.0%	3	$9.91	0.69%
TACH	Titan Acquisition Corp. Financial Services	Added	625,012	+2	$6,506,374	+1.2%	5	unpriced	0.69%
PACH	Pioneer Acquisition I Corp Financial Services	Added	629,549	+302	$6,440,286	+1.0%	4	$9.96	0.68%
CRAN	Crane Harbor Acquisition Corp. II Financial Services	Added	633,764	+53,498	$6,420,029	+11.6%	2	$9.96	0.68%
OYSE	Oyster Enterprises II Acquisition Corp Financial Services	Added	623,742	+1	$6,418,305	+1.2%	4	$10.02	0.68%
GSRF	GSR IV Acquisition Corp. Financial Services	Added	629,669	+2	$6,397,437	+1.3%	3	$10.02	0.68%
OBA	Oxley Bridge Acquisition Ltd Financial Services	Held	625,296	0	$6,390,525	+0.9%	4	$9.96	0.68%
SBXE	SilverBox Corp V Financial Services	Held	635,093	0	$6,389,035	+1.4%	2	unpriced	0.67%
CCII	Cohen Circle Acquisition Corp. II Financial Services	Added	618,077	+1,500	$6,366,193	+1.0%	4	$10.13	0.67%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Added	603,106	+2,538	$6,272,302	+2.5%	4	$10.19	0.66%
ZKP	Lafayette Digital Acquisition Corp. I Financial Services	Held	615,000	0	$6,131,550	+1.1%	2	$9.88	0.65%
IRHO	Iron Horse Acquisition II Corp. Financial Services	Held	607,182	0	$6,090,035	+1.7%	2	$9.87	0.64%
GHXI	Gores Holdings XI, Inc. Financial Services	NEW	600,000	NEW	$6,090,000	NEW	1	unpriced	0.64%
CTAA	Clearthink 1 Acquisition Corp. Financial Services	NEW	610,000	NEW	$6,045,100	NEW	1	$9.88	0.64%
PCAP	ProCap Acquisition Corp Financial Services	Added	586,055	+52,693	$6,024,645	+10.8%	4	$10.28	0.64%
ADAC	American Drive Acquisition Co Financial Services	Held	600,000	0	$6,012,000	+1.2%	2	$9.90	0.64%
LPCV	Launchpad Cadenza Acquisition Corp I Financial Services	Held	600,000	0	$6,000,000	+1.0%	2	$9.92	0.63%
COPL	Copley Acquisition Corp Financial Services	Held	572,786	0	$5,974,157	+1.1%	5	unpriced	0.63%
TRGS	TRG Latin America Acquisitions Corp. Financial Services	NEW	600,000	NEW	$5,934,000	NEW	1	$9.88	0.63%
KRAQ	KRAKacquisition Corp Financial Services	Added	587,686	+25,119	$5,876,860	+5.9%	2	unpriced	0.62%
KCHV	Kochav Defense Acquisition Corp. Financial Services	Held	566,346	0	$5,873,008	+1.2%	4	$10.03	0.62%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Held	575,721	0	$5,791,753	+0.9%	3	$9.89	0.61%
LWAC	LightWave Acquisition Corp. Financial Services	Added	564,260	+100	$5,766,737	+0.2%	4	$9.98	0.61%
		Added	504,238	+100,000	$5,758,397	+26.2%	5	$10.87	0.61%
XCBE	X3 Acquisition Corp. Ltd. Financial Services	Held	575,599	0	$5,750,234	+1.5%	2	unpriced	0.61%
JENA	JENA ACQUISITION Corp II Financial Services	Added	551,139	+17,467	$5,709,800	+4.7%	4	$10.16	0.60%
HVMC	Highview Merger Corp. Financial Services	Added	556,664	+14,053	$5,655,706	+3.7%	3	$10.00	0.60%
TLNC	Talon Capital Corp. Financial Services	Added	545,386	+15,001	$5,622,929	+3.9%	3	$10.08	0.59%
CRAQ	Cal Redwood Acquisition Corp. Financial Services	Held	545,628	0	$5,619,968	+1.5%	5	unpriced	0.59%

Showing the top 50 of 391 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.