Mangrove Partners Portfolio holdings

AUM $931M

1-Year Return 45.39%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+3.51%

1 Year Return

+45.39%

3 Year Return

+156.75%

5 Year Return

+144.79%

10 Year Return

+262.25%

AUM

$1.65B

AUM Growth

+$574M (+54%)

Cap. Flow

+$566M

Cap. Flow % of AUM

34.36%

Top 10 Holdings % Top 10 Hldgs %

12.13%

Holding

662

New

313

Increased

Reduced

Closed

148

Top Buys

1	AZPN ASPEN TECHNOLOGY INC AZPN	$32.6M
2	Protagonist Therapeutics PTGX	$14.8M
3	CNH CNH Industrial CNH	$13.9M
4	ARNA Arena Pharmaceuticals Inc ARNA	$13.5M
5	Encompass Health EHC	$13.1M

Top Sells

1	KDMN Kadmon Holdings, Inc. KDMN	$20.8M
2	PSTH Pershing Square Tontine Holdings, Ltd. PSTH	$20.7M
3	Biogen BIIB	$13M
4	INFO IHS Markit Ltd. Common Shares INFO	$10.4M
5	BBL BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares) BBL	$8.31M

Sector Composition

1	Financials	17.62%
2	Healthcare	9.1%
3	Technology	7.2%
4	Communication Services	3.6%
5	Industrials	3.19%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
126	TLGYU 126 DELISTED TLGY Acquisition Corporation Unit TLGYU	$4.02M	0.24%	+400,000	New	+$4.02M
127	SVNAU 127 DELISTED 7 Acquisition Corporation Unit SVNAU	$4.02M	0.24%	+400,000	New	+$4.02M
128	MNTN.U 128 DELISTED Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant MNTN.U	$4.02M	0.24%	+400,000	New	+$4.02M
129	BLEUU 129 DELISTED bleuacacia ltd Unit BLEUU	$4.02M	0.24%	+400,000	New	+$4.02M
130	LGVCU 130 DELISTED LAMF Global Ventures Corp. I Unit LGVCU	$4.02M	0.24%	+400,000	New	+$4.02M
131	CRECU 131 DELISTED Crescera Capital Acquisition Corp Unit CRECU	$4.01M	0.24%	+400,000	New	+$4.01M
132	AHRNU 132 DELISTED Ahren Acquisition Corp. Unit AHRNU	$4.01M	0.24%	+400,000	New	+$4.01M
133	BRKHU 133 DELISTED BurTech Acquisition Corp. Unit BRKHU	$4M	0.24%	+400,000	New	+$4M
134	EVE.U 134 DELISTED EVe Mobility Acquisition Corp Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant EVE.U	$4M	0.24%	+400,000	New	+$4M
135	HAIAU 135 DELISTED Healthcare AI Acquisition Corp. Unit HAIAU	$4M	0.24%	+400,000	New	+$4M
136	PACI.U 136 DELISTED PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant PACI.U	$4M	0.24%	+400,000	New	+$4M
137	SCUA.U 137 DELISTED Sculptor Acquisition Corp I Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant SCUA.U	$4M	0.24%	+400,000	New	+$4M
138	STET.U 138 DELISTED ST Energy Transition I Ltd. SAIL securities, each consisting of one Class A ordinary share and one-half of one redeemable warrant STET.U	$4M	0.24%	+400,000	New	+$4M
139	SHAP.U 139 DELISTED Spree Acquisition Corp. 1 Limited Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant SHAP.U	$4M	0.24%	+400,000	New	+$4M
140	BPACU 140 DELISTED Bullpen Parlay Acquisition Company Unit BPACU	$4M	0.24%	+400,000	New	+$4M
141	BIOSU 141 DELISTED BioPlus Acquisition Corp. Unit BIOSU	$4M	0.24%	+400,000	New	+$4M
142	PRLHU 142 DELISTED Pearl Holdings Acquisition Corp Unit PRLHU	$4M	0.24%	+400,000	New	+$4M
143	BFAC.U 143 DELISTED Battery Future Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant BFAC.U	$4M	0.24%	+400,000	New	+$4M
144	PORT.U 144 DELISTED Southport Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one warrant PORT.U	$4M	0.24%	+400,000	New	+$4M
145	GFGDU 145 DELISTED The Growth for Good Acquisition Corporation Unit GFGDU	$3.99M	0.24%	+400,000	New	+$3.99M
146	ROCLU 146 DELISTED Roth CH Acquisition V Co. Unit ROCLU	$3.98M	0.24%	+400,000	New	+$3.98M
147	IVCPU 147 DELISTED Swiftmerge Acquisition Corp. Unit IVCPU	$3.98M	0.24%	+400,000	New	+$3.98M
148	TCOA.U 148 DELISTED Zalatoris Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one redeemable public warrant TCOA.U	$3.97M	0.24%	+400,000	New	+$3.97M
149	NFYS.U 149 DELISTED Enphys Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant NFYS.U	$3.97M	0.24%	+400,000	New	+$3.97M
150	150 Marti Technologies MRT $190M	$3.96M	0.24%	+400,000	New	+$3.96M