Radcliffe Capital Management, L.P. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Radcliffe Capital Management, L.P. disclosed 237 US equity positions worth $1.6bn in its Q3 2025 13F filing. The largest position was Enphase Energy Inc at 8.6% of the reported book, followed by DexCom Inc. and New Mountain Finance Corporation. Against the Q2 2025 filing, it opened 18 new positions, added to 21 and reduced 2 among the top 50 holdings.
What did Radcliffe Capital Management, L.P. own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | Enphase Energy Inc | 8.6% | $139.0m | 142,750,000 | 2% | added | |
| 2 | DexCom Inc. | 7.3% | $118.1m | 119,027,000 | – | new | |
| 3 | New Mountain Finance Corporation | 7.1% | $114.0m | 114,047,000 | 70% | added | |
| 4 | TDOC Teladoc Health Inc | 6.7% | $108.1m | 115,750,000 | 22% | added | |
| 5 | Fiverr International Ltd | 6.4% | $103.2m | 103,677,000 | 3% | added | |
| 6 | Magnite Inc. | 4.5% | $72.7m | 74,767,000 | 0% | held | |
| 7 | RNG RingCentral Inc | 4.1% | $66.3m | 68,006,000 | 61% | added | |
| 8 | Marriott Vacations Worldwide Corp | 3.5% | $56.5m | 57,500,000 | – | new | |
| 9 | Bandwidth Inc | 2.6% | $42.4m | 49,900,000 | 28% | added | |
| 10 | Enphase Energy Inc | 2.3% | $36.9m | 42,639,000 | 0% | held | |
| 11 | ETSY Etsy Inc | 2.1% | $33.5m | 38,000,000 | 0% | held | |
| 12 | Cable One Inc | 2.1% | $33.4m | 34,255,000 | 0% | held | |
| 13 | ALRM Alarm.com Holdings Inc | 1.4% | $21.9m | 22,250,000 | 65% | added | |
| 14 | Gladstone Capital Corp | 1.1% | $17.8m | 18,000,000 | – | new | |
| 15 | U Unity Software Inc | 1.1% | $17.6m | 18,461,000 | 0% | held | |
| 16 | ARRY Array Technologies Inc | 0.8% | $13.4m | 15,500,000 | 29% | added | |
| 17 | FuboTV Inc | 0.7% | $11.6m | 11,737,000 | – | new | |
| 18 | UPWK Upwork Inc | 0.7% | $10.8m | 11,123,000 | -29% | reduced | |
| 19 | Etsy Inc | 0.7% | $10.7m | 11,600,000 | 0% | held | |
| 20 | BL BlackLine Inc | 0.6% | $10.4m | 10,692,000 | 32% | added | |
| 21 | MTN Vail Resorts Inc | 0.6% | $9.9m | 10,000,000 | – | new | |
| 22 | Bleichroeder Acquisition Corp I | 0.6% | $9.5m | 912,239 | 628% | added | |
| 23 | EQV Ventures Acquisition Corp II | 0.5% | $8.6m | 860,000 | – | new | |
| 24 | Airbnb Inc | 0.5% | $7.6m | 7,780,000 | -6% | reduced | |
| 25 | SNOW Snowflake Inc | 0.5% | $7.6m | 5,000,000 | – | new | |
| 26 | Coinbase Global Inc | 0.5% | $7.5m | 6,000,000 | 100% | added | |
| 27 | BILL Holdings Inc | 0.4% | $6.8m | 7,302,000 | 0% | held | |
| 28 | Gores Holdings X Inc | 0.4% | $6.7m | 658,063 | 0% | held | |
| 29 | Five9 Inc | 0.4% | $6.6m | 7,500,000 | – | new | |
| 30 | Artius II Acquisition Inc | 0.4% | $6.6m | 650,000 | 143% | added | |
| 31 | Archimedes Tech SPAC Partners Co | 0.4% | $6.3m | 611,522 | 87% | added | |
| 32 | GP-Act III Acquisition Corp | 0.4% | $6.1m | 572,895 | 288% | added | |
| 33 | Pioneer Acquisition I Corp | 0.4% | $5.9m | 592,475 | – | new | |
| 34 | Live Oak Acquisition Corp V | 0.4% | $5.9m | 575,000 | 5615% | added | |
| 35 | M3-Brigade Acquisition VI Corp | 0.4% | $5.8m | 575,000 | – | new | |
| 36 | HCM III Acquisition Corp | 0.4% | $5.8m | 575,000 | – | new | |
| 37 | Hennessy Capital Investment Corp VII | 0.4% | $5.8m | 568,447 | 1% | added | |
| 38 | Drugs Made In America Acquisition II Corp | 0.4% | $5.7m | 575,000 | – | new | |
| 39 | New Providence Acquisition Corp III | 0.4% | $5.7m | 558,386 | – | new | |
| 40 | MICROSTRATEGY INC | 0.3% | $5.6m | 2,500,000 | 0% | held | |
| 41 | Siddhi Acquisition Corp | 0.3% | $5.6m | 550,000 | 10% | added | |
| 42 | Cohen Circle Acquisition Corp II | 0.3% | $5.6m | 550,000 | – | new | |
| 43 | Soulpower Acquisition Corp | 0.3% | $5.6m | 550,126 | 25% | added | |
| 44 | OTG Acquisition Corp I | 0.3% | $5.5m | 550,000 | – | new | |
| 45 | GigCapital7 Corp | 0.3% | $5.5m | 523,973 | – | new | |
| 46 | AA Mission Acquisition Corp | 0.3% | $5.4m | 516,776 | 341% | added | |
| 47 | NVCR Novocure Ltd | 0.3% | $5.4m | 5,480,000 | – | new | |
| 48 | Drugs Made In America Acquisition Corp | 0.3% | $5.4m | 528,100 | 317% | added | |
| 49 | Roman DBDR Acquisition Corp II | 0.3% | $5.4m | 525,000 | 193% | added | |
| 50 | Highview Merger Corp | 0.3% | $5.4m | 532,201 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.