ARENA CAPITAL ADVISORS, LLC- CA

Filed: 2/4/2026ACC: 0001833078-26-000013

📋 What this filing means

ARENA CAPITAL ADVISORS, LLC- CA filed this quarterly 13F‑HR report disclosing 19 equity positions with a total reported market value of $165.33M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$165.33M

Total AUM (reported)

155.51M

Total Shares

Allocation by class

NOTE 4.250%12/0$41.93M25.4%

NOTE 4.250% 6/1$35.84M21.7%

NOTE 2.250% 6/0$25.39M15.4%

NOTE 3.875% 9/1$24.22M14.6%

DEBT 4.500% 8/1$21.03M12.7%

COM SHS$9.13M5.5%

COM CL A$3.05M1.8%

Portfolio Concentration

Top 3$103.16M62.4%

4–10$60.90M36.8%

11–25$1.27M0.8%

Top 3 weight

62.4%

Top 10 weight

99.2%

Voting Authority Distribution

Total shares with voting rights: 155.51M

Sole

Full voting authority

155.51M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole19

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings19

Rows:

PG&E CORP

SOLE

NOTE 4.250%12/0

Shares40.70M

TypePRN

Market value$41.93M

25.36%

Sole

40.70M

Shared

0.00

None

0.00

HERBALIFE LTD

SOLE

NOTE 4.250% 6/1

Shares33.05M

TypePRN

Market value$35.84M

21.68%

Sole

33.05M

Shared

0.00

None

0.00

ALARM COM HLDGS INC

SOLE

NOTE 2.250% 6/0

Shares26.60M

TypePRN

Market value$25.39M

15.36%

Sole

26.60M

Shared

0.00

None

0.00

CSG SYS INTL INC

SOLE

NOTE 3.875% 9/1

Shares20.43M

TypePRN

Market value$24.22M

14.65%

Sole

20.43M

Shared

0.00

None

0.00

EVOLENT HEALTH INC

SOLE

DEBT 4.500% 8/1

Shares29.62M

TypePRN

Market value$21.03M

12.72%

Sole

29.62M

Shared

0.00

None

0.00

UNITI GROUP LLC

SOLE

COM SHS

Shares1.17M

TypeSH

Market value$8.22M

4.97%

Sole

1.17M

Shared

0.00

None

0.00

PLANET LABS PBC

SOLE

COM CL A

Shares154.43K

TypeSH

Market value$3.05M

1.84%

Sole

154.43K

Shared

0.00

None

0.00

SPECTRUM BRANDS INC

SOLE

NOTE 3.375% 6/0

Shares2.68M

TypePRN

Market value$2.54M

1.54%

Sole

2.68M

Shared

0.00

None

0.00

JEFFERIES FINL GROUP INC

SOLE

COM

Shares15K

TypeSH

Market value$929.5K

0.56%

Sole

15K

Shared

0.00

None

0.00

HERBALIFE LTD

SOLE

COM SHS

Shares70.91K

TypeSH

Market value$914.0K

0.55%

Sole

70.91K

Shared

0.00

None

0.00

INNOVATE CORP

SOLE

COM NEW

Shares127.93K

TypeSH

Market value$578.3K

0.35%

Sole

127.93K

Shared

0.00

None

0.00

TABOOLA.COM LTD

SOLE

ORD SHS

Shares51.97K

TypeSH

Market value$239.6K

0.14%

Sole

51.97K

Shared

0.00

None

0.00

PG&E CORP

SOLE

COM

Shares14.75K

TypeSH

Market value$237.0K

0.14%

Sole

14.75K

Shared

0.00

None

0.00

SIX FLAGS ENTERTAINMENT CORP

SOLE

COM

Shares10K

TypeSH

Market value$153.4K

0.09%

Sole

10K

Shared

0.00

None

0.00

NAMIB MINERALS

SOLE

*W EXP 06/05/203

Shares540.93K

TypeSH

Market value$38.8K

0.02%

Sole

540.93K

Shared

0.00

None

0.00

MOBIX LABS INC

SOLE

*W EXP 12/21/202

Shares190.62K

TypeSH

Market value$17.2K

0.01%

Sole

190.62K

Shared

0.00

None

0.00

AURORA INNOVATION INC

SOLE

*W EXP 11/03/202

Shares20.29K

TypeSH

Market value$4.6K

<0.01%

Sole

20.29K

Shared

0.00

None

0.00

LIMINATUS PHARMA INC.

SOLE

*W EXP 04/30/203

Shares29.17K

TypeSH

Market value$1.0K

<0.01%

Sole

29.17K

Shared

0.00

None

0.00

BANZAI INTERNATIONAL INC

SOLE

*W EXP 12/14/202

Shares39.03K

TypeSH

Market value$546.00

<0.01%

Sole

39.03K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
PG&E CORPSOLE	NOTE 4.250%12/0	40.70M	PRN	$41.93M 25.36%	40.70M
HERBALIFE LTDSOLE	NOTE 4.250% 6/1	33.05M	PRN	$35.84M 21.68%	33.05M
ALARM COM HLDGS INCSOLE	NOTE 2.250% 6/0	26.60M	PRN	$25.39M 15.36%	26.60M
CSG SYS INTL INCSOLE	NOTE 3.875% 9/1	20.43M	PRN	$24.22M 14.65%	20.43M
EVOLENT HEALTH INCSOLE	DEBT 4.500% 8/1	29.62M	PRN	$21.03M 12.72%	29.62M
UNITI GROUP LLCSOLE	COM SHS	1.17M	SH	$8.22M 4.97%	1.17M
PLANET LABS PBCSOLE	COM CL A	154.43K	SH	$3.05M 1.84%	154.43K
SPECTRUM BRANDS INCSOLE	NOTE 3.375% 6/0	2.68M	PRN	$2.54M 1.54%	2.68M
JEFFERIES FINL GROUP INCSOLE	COM	15K	SH	$929.5K 0.56%	15K
HERBALIFE LTDSOLE	COM SHS	70.91K	SH	$914.0K 0.55%	70.91K
INNOVATE CORPSOLE	COM NEW	127.93K	SH	$578.3K 0.35%	127.93K
TABOOLA.COM LTDSOLE	ORD SHS	51.97K	SH	$239.6K 0.14%	51.97K
PG&E CORPSOLE	COM	14.75K	SH	$237.0K 0.14%	14.75K
SIX FLAGS ENTERTAINMENT CORPSOLE	COM	10K	SH	$153.4K 0.09%	10K
NAMIB MINERALSSOLE	*W EXP 06/05/203	540.93K	SH	$38.8K 0.02%	540.93K
MOBIX LABS INCSOLE	*W EXP 12/21/202	190.62K	SH	$17.2K 0.01%	190.62K
AURORA INNOVATION INCSOLE	*W EXP 11/03/202	20.29K	SH	$4.6K <0.01%	20.29K
LIMINATUS PHARMA INC.SOLE	*W EXP 04/30/203	29.17K	SH	$1.0K <0.01%	29.17K
BANZAI INTERNATIONAL INCSOLE	*W EXP 12/14/202	39.03K	SH	$546.00 <0.01%	39.03K