AAI

Aequim Alternative Investments Portfolio holdings

AUM $2.51B

This Quarter Return

-1.14%

1 Year Return

+1.04%

3 Year Return

+15.66%

5 Year Return

+63.49%

10 Year Return

–

AUM

$2.51B

AUM Growth

-$600M (-19%)

Cap. Flow

-$491M

Cap. Flow % of AUM

-19.6%

Top 10 Holdings %Top 10 Hldgs %

37.17%

Holding

111

New

Increased

Reduced

Closed

1	PCG.PRX PG&E Corporation 6.000% Series A Mandatory Convertible Preferred Stock PCG.PRX	$45M
2	BA.PRA The Boeing Company Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00 BA.PRA	$23.9M
3	BrightSpring Health Services, Inc. Tangible Equity Unit BTSGU	$9.89M
4	Spotify SPOT	$7.87M
5	Kellanova K	$4.33M

1	Occidental Petroleum Corporation Warrants to Purchase Common Stock OXY.WS	$235M
2	EXEEZ Expand Energy Corporation Class B Warrants EXEEZ	$207M
3	EXEEW Expand Energy Corporation Class A Warrants EXEEW	$109M
4	Fluor FLR	$15.7M
5	EXEEL Expand Energy Corporation Class C Warrants EXEEL	$14M

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Wolfspeed WOLF $216M	$1.93M	0.08%	630,885 +218,706	+53%	+$669K
27	27 Parsons PSN $8.19B	$1.73M	0.07%	29,300	–	–
28	28 Workiva WK $3.7B	$1.69M	0.07%	22,200	–	–
29	29 CompoSecure, Inc. Warrant CMPOW $727M	$897K	0.04%	231,114	–	–
30	30 Baxter International BAX $14.3B	$856K	0.03%	25,000	–	–
31	31 Cleveland-Cliffs CLF $4.64B	$600K	0.02%	73,000	–	–
32	32 OneMain Financial OMF $6.84B	$412K	0.02%	8,426	–	–
33	33 Cloudflare NET $66.3B	$372K	0.01%	+3,300	New	+$372K
34	34 Goodyear GT $3.12B	$277K	0.01%	30,000	–	–
35	35 Ziff Davis ZD $1.31B	$264K	0.01%	7,033	–	–
36	36 O-I Glass OI $2.25B	$229K	0.01%	20,000	–	–
37	37 Algoma Steel Group Warrant ASTLW $10.2M	$145K	0.01%	414,191	–	–
38	38 Butterfly Network, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share BFLY.WS $16.1M	$4.45K	﹤0.01%	+49,393	New	+$4.45K
39	IMTXW 39 DELISTED Immatics N.V. Warrants IMTXW	$3.99K	﹤0.01%	252,741	–	–
40	40 Adient ADNT $1.85B	–	–	-26,500	Closed	-$457K
41	41 Occidental Petroleum Corporation Warrants to Purchase Common Stock OXY.WS $20.6B	–	–	-8,542,000	Closed	-$235M
42	42 Uber UBER $189B	–	–	0	–	–
43	EXEEW 43 Expand Energy Corporation Class A Warrants EXEEW	–	–	-1,146,996	Closed	-$109M
44	EXEEZ 44 Expand Energy Corporation Class B Warrants EXEEZ	–	–	-2,295,261	Closed	-$207M