Context Capital Management, LLC

CIK

1301396

Location

LAJOLLA, CA

Portfolio Value

Small $646,978,216

Diversification

Diversified

Filing Date

Global Rank

#511 / 2,968 ▲ 2812

Top Industry

Shell Companies 88.1%

3Y Alpha vs SPY

-10.5%

Period ended 29 days ago

Filed Jul 23, 2026 · 6d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+27.3%

SPY

+67.9%

Annualised alpha

-10.5%

Max drawdown

−33.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

29.6%

+27.1 pts

Top 5

39.1%

+28.5 pts

Top 10

44.5%

+25.2 pts

HHI

934

Diversified+818

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	61.6%	$398,763,397	130
Unclassified	30.1%	$194,502,669	3
Industrials	3.2%	$20,408,447	2
Healthcare	3.0%	$19,316,305	2
Real Estate	0.8%	$4,982,547	1
Consumer Cyclical	0.6%	$3,994,558	1
Technology	0.6%	$3,929,433	3
Energy	0.2%	$1,080,860	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
GFUZ	General Fusion Group Ltd.	−300,000	141,420	$1,450,969
BCAR	D. Boral ARC Acquisition I Corp.	−150,000	205,099	$2,139,182
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
IBIT	iShares Bitcoin Trust ETF	5,746,100	$191,287,669
GSRV	GSR V Acquisition Corp.	1,950,000	$19,519,500
SPCE	Virgin Galactic Holdings, Inc	6,559,681	$18,957,478
LGND	Ligand Pharmaceuticals Inc	46,000	$14,540,140
WLCOU	Wilco 63 Corp	900,000	$8,955,000
CAES	Cantor Equity Partners VII, Inc.	550,000	$5,549,500
CGCFU	Cartesian Growth Corp IV	550,000	$5,500,000
OHAC	Oceanhawk Acquisition Corp.	550,000	$5,445,000
ALF	Centurion Acquisition Corp.	500,000	$5,440,000
MZYX	MOZAYYX Acquisition Corp.	500,000	$4,985,000
PEB	Pebblebrook Hotel Trust	256,700	$4,982,547
QRED	QuasarEdge Acquisition Corp	500,000	$4,965,000
SUMA	SUMA Acquisition Corp	500,000	$4,945,000
GOSS	Gossamer Bio, Inc.	28,946,459	$4,776,165
AACI	Armada Acquisition Corp. III	400,000	$3,996,000
LCID	Lucid Group, Inc.	597,094	$3,994,558
RREV	RRE Ventures Acquisition Corp.	400,000	$3,948,000
CAII	Collective Acquisition Corp. II	300,000	$3,015,000
PAAC	Proem Acquisition Corp. I	300,000	$2,982,000
GLED	GalaxyEdge Acquisition Corp	300,000	$2,982,000
GDS	GDS Holdings Ltd	98,300	$2,951,949
ILLU	Illumination Acquisition Corp. I	280,000	$2,772,000
FXAC	FortuneX Acquisition Corp	275,000	$2,763,750
GHXIU	Gores Holdings XI, Inc.	250,000	$2,537,500
CTAA	Clearthink 1 Acquisition Corp.	250,000	$2,477,500
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
PLMK	Plum Acquisition Corp, IV	597,999	$6,314,869
LBRT	Liberty Energy Inc.	189,400	$5,454,720
RAAQ	Real Asset Acquisition Corp.	300,000	$3,150,000
SIMA	SIM Acquisition Corp. I	270,000	$2,894,400
DMAA	Drugs Made In America Acquisition Corp.	250,000	$2,620,000
CAEP	Cantor Equity Partners III, Inc.	200,000	$2,062,000
CEPO	Cantor Equity Partners I, Inc.	115,123	$1,208,791
FAC	Factorial Energy Inc.	100,000	$1,025,500
CEPT	Cantor Equity Partners II, Inc.	79,964	$870,807
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

143 tracked positions · $646,978,216 total · as of Jun 30, 2026

All sectors Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 143 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IBIT	iShares Bitcoin Trust ETF PUT	NEW	5,746,100	NEW	$191,287,669	NEW	29.57%
GSRV	GSR V Acquisition Corp. Financial Services	NEW	1,950,000	NEW	$19,519,500	NEW	3.02%
SPCE	Virgin Galactic Holdings, Inc Industrials	NEW	6,559,681	NEW	$18,957,478	NEW	2.93%
LGND	Ligand Pharmaceuticals Inc Healthcare	NEW	46,000	NEW	$14,540,140	NEW	2.25%
WLCOU	Wilco 63 Corp Financial Services	NEW	900,000	NEW	$8,955,000	NEW	1.38%
MBVI	M3-Brigade Acquisition VI Corp. Financial Services	Held	791,300	0	$8,015,869	+0.8%	1.24%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Held	750,000	0	$7,545,000	+0.9%	1.17%
HCAC	Hall Chadwick Acquisition Corp Financial Services	Held	650,000	0	$6,526,000	+1.1%	1.01%
SZZL	Sizzle Acquisition Corp. II Financial Services	Held	599,812	0	$6,214,052	+0.8%	0.96%
SOUL	Soulpower Acquisition Corp. Financial Services	Held	582,480	0	$6,028,668	+1.0%	0.93%
BIXI	Bitcoin Infrastructure Acquisition Corp Ltd Financial Services	Held	600,000	0	$5,997,000	+0.8%	0.93%
CAES	Cantor Equity Partners VII, Inc. Financial Services	NEW	550,000	NEW	$5,549,500	NEW	0.86%
CGCFU	Cartesian Growth Corp IV Financial Services	NEW	550,000	NEW	$5,500,000	NEW	0.85%
OHAC	Oceanhawk Acquisition Corp. Financial Services	NEW	550,000	NEW	$5,445,000	NEW	0.84%
ALF	Centurion Acquisition Corp. Financial Services	NEW	500,000	NEW	$5,440,000	NEW	0.84%
RDAG	Republic Digital Acquisition Co Financial Services	Held	500,000	0	$5,160,000	+0.9%	0.80%
CEPV	Cantor Equity Partners V, Inc. Financial Services	Held	500,000	0	$5,156,500	+2.1%	0.80%
GTERA	Globa Terra Acquisition Corp Financial Services	Held	500,000	0	$5,155,000	+1.0%	0.80%
HCMA	Hcm III Acquisition Corp. Financial Services	Held	500,000	0	$5,140,000	+2.0%	0.79%
MKLY	McKinley Acquisition Corp Financial Services	Held	500,000	0	$5,075,000	+1.2%	0.78%
CRAC	Crown Reserve Acquisition Corp. I Financial Services	Held	500,000	0	$5,055,000	+1.0%	0.78%
SVAQ	Silicon Valley Acquisition Corp. Financial Services	Held	500,000	0	$5,045,000	+2.0%	0.78%
MESH	Meshflow Acquisition Corp Financial Services	Held	500,000	0	$5,005,000	+1.2%	0.77%
MZYX	MOZAYYX Acquisition Corp. Financial Services	NEW	500,000	NEW	$4,985,000	NEW	0.77%
DBCA	D. Boral Acquisition I Corp. Financial Services	Held	500,000	0	$4,985,000	+1.1%	0.77%
PEB	Pebblebrook Hotel Trust Real Estate	NEW	256,700	NEW	$4,982,547	NEW	0.77%
WENN	WEN Acquisition Corp Financial Services	Held	483,500	0	$4,975,215	+1.1%	0.77%
QRED	QuasarEdge Acquisition Corp Financial Services	NEW	500,000	NEW	$4,965,000	NEW	0.77%
SUMA	SUMA Acquisition Corp Financial Services	NEW	500,000	NEW	$4,945,000	NEW	0.76%
GOSS	Gossamer Bio, Inc. Healthcare	NEW	28,946,459	NEW	$4,776,165	NEW	0.74%
TLNC	Talon Capital Corp. Financial Services	Held	448,165	0	$4,620,581	+1.1%	0.71%
EVAC	EQV Ventures Acquisition Corp. II Financial Services	Held	450,000	0	$4,581,000	+0.9%	0.71%
CRAN	Crane Harbor Acquisition Corp. II Financial Services	Held	450,000	0	$4,558,500	+2.2%	0.70%
SCII	SC II Acquisition Corp. Financial Services	Held	425,000	0	$4,262,750	+0.6%	0.66%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Held	400,000	0	$4,160,000	+2.1%	0.64%
CCII	Cohen Circle Acquisition Corp. II Financial Services	Held	400,000	0	$4,120,000	+0.8%	0.64%
GSRF	GSR IV Acquisition Corp. Financial Services	Held	400,000	0	$4,064,000	+1.3%	0.63%
CMII	Columbus Circle Capital Corp II Financial Services	Held	400,000	0	$4,056,000	+3.2%	0.63%
IRHO	Iron Horse Acquisition II Corp. Financial Services	Held	400,000	0	$4,012,000	+1.7%	0.62%
ADAC	American Drive Acquisition Co Financial Services	Held	400,000	0	$4,008,000	+1.2%	0.62%
LPCV	Launchpad Cadenza Acquisition Corp I Financial Services	Held	400,000	0	$4,000,000	+1.0%	0.62%
AACI	Armada Acquisition Corp. III Financial Services	NEW	400,000	NEW	$3,996,000	NEW	0.62%
LCID	Lucid Group, Inc. Consumer Cyclical	NEW	597,094	NEW	$3,994,558	NEW	0.62%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	Held	400,000	0	$3,976,000	+1.1%	0.61%
RREV	RRE Ventures Acquisition Corp. Financial Services	NEW	400,000	NEW	$3,948,000	NEW	0.61%
XSLL	Xsolla SPAC 1 Financial Services	Held	385,000	0	$3,811,500	+0.7%	0.59%
XRPN	Armada Acquisition Corp. II Financial Services	Held	350,000	0	$3,647,000	+1.1%	0.56%
CEPS	Cantor Equity Partners VI, Inc. Financial Services	Held	350,000	0	$3,629,500	+2.7%	0.56%
KCHV	Kochav Defense Acquisition Corp. Financial Services	Held	350,000	0	$3,629,500	+1.2%	0.56%
KOYN	CSLM Digital Asset Acquisition Corp III, Ltd Financial Services	Held	350,000	0	$3,549,000	+1.0%	0.55%

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.