CCM

Context Capital Management Portfolio holdings

AUM $2.58B

This Quarter Return

-0.2%

1 Year Return

+0.35%

3 Year Return

+2.62%

5 Year Return

+35.94%

10 Year Return

+38.99%

AUM

$2.58B

AUM Growth

+$19.4M (+0.8%)

Cap. Flow

+$52.9M

Cap. Flow % of AUM

2.05%

Top 10 Holdings %Top 10 Hldgs %

26.94%

Holding

274

New

Increased

Reduced

Closed

Top Buys

1	KKR.PRD KKR & Co. Inc. 6.25% Series D Mandatory Convertible Preferred Stock KKR.PRD	$34.6M
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	MCHPP Microchip Technology Incorporated Depositary Shares Each Representing a 1/20th Interest in a Share of 7.50% Series A Mandatory Convertible Preferred Stock MCHPP	$7.55M
4	PLMK Plum Acquisition Corp. IV Class A Ordinary Shares PLMK	$7.03M
5	GSRT GSR III Acquisition Corp. Ordinary Shares GSRT	$5.01M

Top Sells

1	NEE.PRT NextEra Energy, Inc. 7.234% Corporate Units NEE.PRT	$11.4M
2	iShares Bitcoin Trust IBIT	$9.83M
3	ARES.PRB Ares Management Corporation 6.75% Series B Mandatory Convertible Preferred Stock ARES.PRB	$7.23M
4	GSRTU GSR III Acquisition Corp. Unit GSRTU	$5.03M
5	SBXD.U SilverBox Corp IV Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant SBXD.U	$4.71M

Sector Composition

1	Financials	2.16%
2	Technology	0.29%
3	Energy	0.03%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	BA.PRA 1 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 $8.45B	$35.9M	1.39%	600,000 +400,000	+200%	+$23.9M
2	KKR.PRD 2 KKR & Co. Inc. 6.25% Series D Mandatory Convertible Preferred Stock KKR.PRD $3.01B	$34.6M	1.34%	+700,000	New	+$34.6M
3	FACT 3 FACT II Acquisition Corp. Class A Ordinary Shares FACT $250M	$17M	0.66%	1,700,000	–	–
4	ARES.PRB 4 Ares Management Corporation 6.75% Series B Mandatory Convertible Preferred Stock ARES.PRB $1.69B	$15.7M	0.61%	325,000 -150,000	-32%	-$7.23M
5	PCG.PRX 5 PG&E Corporation 6.000% Series A Mandatory Convertible Preferred Stock PCG.PRX $1.18B	$11.4M	0.44%	255,000	–	–
6	NEE.PRT 6 NextEra Energy, Inc. 7.234% Corporate Units NEE.PRT $1.41B	$11.4M	0.44%	250,000 -250,000	-50%	-$11.4M
7	7 iShares Bitcoin Trust IBIT $83.6B	$9.88M	0.38%	211,000 -210,000	-50%	-$9.83M
8	MCHPP 8 Microchip Technology Incorporated Depositary Shares Each Representing a 1/20th Interest in a Share of 7.50% Series A Mandatory Convertible Preferred Stock MCHPP	$7.55M	0.29%	+150,000	New	+$7.55M
9	HPE.PRC 9 Hewlett Packard Enterprise Company 7.625% Series C Mandatory Convertible Preferred Stock HPE.PRC $1.8B	$7.16M	0.28%	150,000 -50,000	-25%	-$2.39M
10	PLMK 10 Plum Acquisition Corp. IV Class A Ordinary Shares PLMK $249M	$7.03M	0.27%	+700,000	New	+$7.03M
11	GSRT 11 GSR III Acquisition Corp. Ordinary Shares GSRT $326M	$5.01M	0.19%	+500,000	New	+$5.01M
12	EQV 12 EQV Ventures Acquisition Corp. EQV $468M	$4.97M	0.19%	490,720 -9,280	-2%	-$93.9K
13	SBXD 13 SilverBox Corp IV SBXD $275M	$4.71M	0.18%	+462,951	New	+$4.71M
14	SIMA 14 SIM Acquisition Corp. I Class A Ordinary Shares SIMA	$3.78M	0.15%	370,000	–	–
15	HOND 15 HCM II Acquisition Corp. Class A Ordinary Shares HOND $322M	$3.16M	0.12%	+300,000	New	+$3.16M
16	CEPO 16 Cantor Equity Partners I, Inc. Class A Ordinary Shares CEPO $364M	$3.07M	0.12%	+300,000	New	+$3.07M
17	FERAU 17 Fifth Era Acquisition Corp I Units FERAU $214M	$3.02M	0.12%	+300,000	New	+$3.02M
18	DMAAU 18 Drugs Made In America Acquisition Corp. Units DMAAU $212M	$2.54M	0.1%	+250,000	New	+$2.54M
19	NEE.PRS 19 NextEra Energy, Inc. 7.299% Corporate Units NEE.PRS $2B	$2.39M	0.09%	50,000	–	–
20	VACH 20 Voyager Acquisition Corp Class A Ordinary Shares VACH $329M	$2.02M	0.08%	198,200 -1,800	-0.9%	-$18.3K
21	HVII 21 Hennessy Capital Investment Corp. VII Ordinary Shares HVII $264M	$1.85M	0.07%	+187,500	New	+$1.85M
22	AACBU 22 Artius II Acquisition Inc. Units AACBU	$1.64M	0.06%	+162,191	New	+$1.64M
23	LPBB 23 Launch Two Acquisition Corp. Class A Ordinary Shares LPBB $300M	$1.27M	0.05%	125,000	–	–
24	CEP 24 Cantor Equity Partners, Inc. Class A Ordinary Shares CEP $431M	$1.07M	0.04%	100,000	–	–
25	NHICU 25 NewHold Investment Corp III Units NHICU $188M	$1.01M	0.04%	+100,000	New	+$1.01M