Context Capital Management, LLC

Registered adviser

CIK

1301396

Location

LAJOLLA, CA

Portfolio Value

Small $960,434,756

Diversification

Diversified

Filing Date

Global Rank

#2,594 / 8,818 ▲ 1405

Top Industry

Shell Companies 55.0%

Period ended 4 months ago

Filed Jul 23, 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 115167

Roster of Oct 1, 2026

Regulatory AUM

$8,008,157,694

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

1 fund · Hedge funds

Focus by gross assets, Schedule D of Dec 11, 2024

$4,011,840,340 gross assets

LEI

549300PEJVCMJCZEGI13

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

As filed Dec 11, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,221,566,643 gross assets in 1 fund Hedge funds $1,221,566,643 (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	$8,008,157,694	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$5,018,359,000	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$2,579,641,000	Pooled investment vehicles (100%)
Jul 2023 to Mar 2024	$1,781,877,859	Pooled investment vehicles (100%)
May 2023 to Jun 2023	$1,314,954,949	Pooled investment vehicles (100%)
Apr 2023	$1,314,954,949	Pooled investment vehicles (100%)

8 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 47.7%, 14.2 effective positions, active share 93.7% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

84.7% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.0 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 93.7%; sector active share 59.6% 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

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

Top Position

19.9%

+16.2 pts

Top 5

51.2%

+37.8 pts

Top 10

57.3%

+35.8 pts

HHI

849

Diversified+733

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	43.8%	$421,030,962	256
Unclassified	20.3%	$194,502,669	5
Communication Services	18.7%	$179,632,475	3
Technology	9.4%	$89,908,433	9
Healthcare	4.3%	$41,711,805	10
Industrials	2.4%	$22,963,447	7
Real Estate	0.5%	$4,982,547	2
Consumer Cyclical	0.4%	$3,994,558	3
Energy	0.1%	$1,080,860	1
Utilities	0.1%	$627,000	2
Consumer Defensive	0.0%	$0	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

8 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	$2,139,183
HCACR	Hall Chadwick Acquisition Corp	−150,000	500,000	$0
AXINR	Axiom Intelligence Acquisition Corp 1	−100,000	150,000	$0
FACTW	FACT II Acquisition Corp.	−56,380	740,596	$0
BCARW	D. Boral ARC Acquisition I Corp.	−50,700	149,300	$0
SVAQW	Silicon Valley Acquisition Corp.	−50,000	200,000	$0
RMSGW	Real Messenger Corp	−37,700	50,000	$0
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
GOOGM	Alphabet Inc.	1,800,000	$91,602,000
GOOGN	Alphabet Inc.	1,750,000	$88,025,000
SMCIP	Super Micro Computer, Inc.	1,525,000	$79,239,000
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
WLCO	Wilco 63 Corp	900,000	$8,955,000
CAES	Cantor Equity Partners VII, Inc.	550,000	$5,549,500
CGCF	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
YICCU	Yorkville International Capital Corp.	400,000	$4,016,000
TVIVU	Texas Ventures Acquisition IV Corp	400,000	$4,000,000
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
PAAC	Proem Acquisition Corp. I	300,000	$2,982,000
GLED	GalaxyEdge Acquisition Corp	300,000	$2,982,000
CAII	Collective Acquisition Corp. II	300,000	$2,970,000
GDS	GDS Holdings Ltd	98,300	$2,951,949
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
PPLC	PPL Corp	300,000	$15,387,000
VSECU	Vse Corp	200,000	$10,060,000
PLMK	Plum Acquisition Corp. IV	597,999	$6,314,869
LBRT	Liberty Energy Inc.	189,400	$5,454,720
SUMAU	SUMA Acquisition Corp	500,000	$5,010,000
—		300,000	$3,150,000
PAACU	Proem Acquisition Corp. I	300,000	$3,003,000
SIMA	SIM Acquisition Corp. I	270,000	$2,894,400
ILLUU	Illumination Acquisition Corp. I	280,000	$2,777,600
DMAA	Drugs Made In America Acquisition Corp.	250,000	$2,620,000
CTAAU	Clearthink 1 Acquisition Corp.	250,000	$2,500,000
—		200,000	$2,062,000
IPFXU	Inflection Point Acquisition Corp. VI	200,000	$2,024,000
QADRU	QDRO Acquisition Corp.	200,000	$1,982,000
IACOU	Idea Acquisition Corp.	200,000	$1,982,000
CEPO	Cantor Equity Partners I, Inc.	115,123	$1,208,791
FAC	Factorial Energy Inc.	100,000	$1,025,500
—		79,964	$870,808
WLIIU	Willow Lane Acquisition Corp. II	75,000	$757,500
—		132,700	$176,491
—		100,000	$15,100
CCXIW	Churchill Capital Corp XI	2,250	$1,688
ALCWF	Alchemy Investments Acquisition Corp 1	50,000	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

299 tracked positions · $960,434,756 total · filing declares 427 positions · $5,148,022,830 · as of Jun 30, 2026

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

Showing 1–50 of 299 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IBIT	iShares Bitcoin Trust ETF PUT	NEW	5,746,100	NEW	$191,287,669	NEW	—	—	19.92%
GOOGM	Alphabet Inc. Communication Services	NEW	1,800,000	NEW	$91,602,000	NEW	1	unpriced	9.54%
GOOGN	Alphabet Inc. Communication Services	NEW	1,750,000	NEW	$88,025,000	NEW	1	unpriced	9.17%
SMCIP	Super Micro Computer, Inc. Technology	NEW	1,525,000	NEW	$79,239,000	NEW	1	unpriced	8.25%
BRKRP	Bruker Corp Healthcare	Held	50,000	0	$22,395,500	+58.7%	4	unpriced	2.33%
GSRV	GSR V Acquisition Corp. Financial Services	NEW	1,950,000	NEW	$19,519,500	NEW	1	unpriced	2.03%
SPCE	Virgin Galactic Holdings, Inc Industrials	NEW	6,559,681	NEW	$18,957,478	NEW	1	$3.27	1.97%
LGND	Ligand Pharmaceuticals Inc Healthcare	NEW	46,000	NEW	$14,540,140	NEW	1	$235.63	1.51%
WLCO	Wilco 63 Corp Financial Services	NEW	900,000	NEW	$8,955,000	NEW	1	unpriced	0.93%
MBVI	M3-Brigade Acquisition VI Corp. Financial Services	Held	791,300	0	$8,015,869	+0.8%	3	$10.06	0.83%
HACQU	HCM IV Acquisition Corp. Financial Services	Held	750,000	0	$7,590,000	+0.9%	2	$10.05	0.79%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Held	750,000	0	$7,545,000	+0.9%	3	$9.89	0.79%
NOVTU	Novanta Inc Technology	Held	100,000	0	$6,740,000	+25.7%	3	$52.43	0.70%
HCAC	Hall Chadwick Acquisition Corp Financial Services	Held	650,000	0	$6,526,000	+1.1%	2	$9.99	0.68%
SZZL	Sizzle Acquisition Corp. II Financial Services	Held	599,812	0	$6,214,052	+0.8%	5	$9.98	0.65%
SOUL	Soulpower Acquisition Corp. Financial Services	Held	582,480	0	$6,028,668	+1.0%	4	$10.07	0.63%
BIXI	Bitcoin Infrastructure Acquisition Corp Ltd Financial Services	Held	600,000	0	$5,997,000	+0.8%	2	$9.90	0.62%
CAES	Cantor Equity Partners VII, Inc. Financial Services	NEW	550,000	NEW	$5,549,500	NEW	1	unpriced	0.58%
CGCF	Cartesian Growth Corp IV Financial Services	NEW	550,000	NEW	$5,500,000	NEW	1	unpriced	0.57%
OHAC	Oceanhawk Acquisition Corp. Financial Services	NEW	550,000	NEW	$5,445,000	NEW	1	unpriced	0.57%
ALF	Centurion Acquisition Corp. Financial Services	NEW	500,000	NEW	$5,440,000	NEW	1	$10.83	0.57%
RDAG	Republic Digital Acquisition Co Financial Services	Held	500,000	0	$5,160,000	+0.9%	5	unpriced	0.54%
CEPV	Cantor Equity Partners V, Inc. Financial Services	Held	500,000	0	$5,156,500	+2.1%	3	$10.25	0.54%
GTERA	Globa Terra Acquisition Corp Financial Services	Held	500,000	0	$5,155,000	+1.0%	4	$9.96	0.54%
HCMA	Hcm III Acquisition Corp. Financial Services	Held	500,000	0	$5,140,000	+2.0%	4	unpriced	0.54%
MKLY	McKinley Acquisition Corp Financial Services	Held	500,000	0	$5,075,000	+1.2%	3	$9.95	0.53%
CRAC	Crown Reserve Acquisition Corp. I Financial Services	Held	500,000	0	$5,055,000	+1.0%	3	unpriced	0.53%
SVAQ	Silicon Valley Acquisition Corp. Financial Services	Held	500,000	0	$5,045,000	+2.0%	2	$9.89	0.53%
MESH	Meshflow Acquisition Corp Financial Services	Held	500,000	0	$5,005,000	+1.2%	2	$9.90	0.52%
MZYX	MOZAYYX Acquisition Corp. Financial Services	NEW	500,000	NEW	$4,985,000	NEW	1	$9.91	0.52%
DBCA	D. Boral Acquisition I Corp. Financial Services	Held	500,000	0	$4,985,000	+1.1%	2	$9.85	0.52%
PEB	Pebblebrook Hotel Trust Real Estate	NEW	256,700	NEW	$4,982,547	NEW	1	$15.41	0.52%
WENN	WEN Acquisition Corp Financial Services	Held	483,500	0	$4,975,215	+1.1%	4	$10.20	0.52%
QRED	QuasarEdge Acquisition Corp Financial Services	NEW	500,000	NEW	$4,965,000	NEW	1	$9.93	0.52%
SUMA	SUMA Acquisition Corp Financial Services	NEW	500,000	NEW	$4,945,000	NEW	1	$9.85	0.51%
GOSS	Gossamer Bio, Inc. Healthcare	NEW	28,946,459	NEW	$4,776,165	NEW	1	$0.28	0.50%
TLNC	Talon Capital Corp. Financial Services	Held	448,165	0	$4,620,581	+1.1%	3	$10.07	0.48%
EVAC	EQV Ventures Acquisition Corp. II Financial Services	Held	450,000	0	$4,581,000	+0.9%	4	$9.94	0.48%
CRAN	Crane Harbor Acquisition Corp. II Financial Services	Held	450,000	0	$4,558,500	+2.2%	2	$9.95	0.47%
SCII	SC II Acquisition Corp. Financial Services	Held	425,000	0	$4,262,750	+0.6%	2	$9.98	0.44%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Held	400,000	0	$4,160,000	+2.1%	4	$10.15	0.43%
CCII	Cohen Circle Acquisition Corp. II Financial Services	Held	400,000	0	$4,120,000	+0.8%	4	$10.11	0.43%
GSRF	GSR IV Acquisition Corp. Financial Services	Held	400,000	0	$4,064,000	+1.3%	3	$10.02	0.42%
IPXG	Inflection Point Acquisition Corp. VII Financial Services	Held	400,000	0	$4,056,000	+3.2%	2	$9.84	0.42%
YICCU	Yorkville International Capital Corp. Financial Services	NEW	400,000	NEW	$4,016,000	NEW	1	unpriced	0.42%
IRHO	Iron Horse Acquisition II Corp. Financial Services	Held	400,000	0	$4,012,000	+1.7%	2	$9.87	0.42%
ADAC	American Drive Acquisition Co Financial Services	Held	400,000	0	$4,008,000	+1.2%	2	$9.90	0.42%
LPCV	Launchpad Cadenza Acquisition Corp I Financial Services	Held	400,000	0	$4,000,000	+1.0%	2	$9.92	0.42%
TVIVU	Texas Ventures Acquisition IV Corp Financial Services	NEW	400,000	NEW	$4,000,000	NEW	1	unpriced	0.42%
AACI	Armada Acquisition Corp. III Financial Services	NEW	400,000	NEW	$3,996,000	NEW	1	$9.92	0.42%

Showing the top 50 of 299 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.