BLUECREST CAPITAL MANAGEMENT LTD

Filed: 8/14/2025ACC: 0000905148-25-002935

📋 What this filing means

BLUECREST CAPITAL MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 96 equity positions with a total reported market value of $2.62B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$2.62B

Total AUM (reported)

82.99M

Total Shares

Allocation by class

GOLD SHS$700.34M26.7%

UNIT SER 1$363.53M13.9%

SHS BEN INT$255.30M9.7%

COM$224.53M8.6%

CL A NEW$218.28M8.3%

CAP STK CL C$141.91M5.4%

IBOXX HI YD ETF$106.72M4.1%

Portfolio Concentration

Top 3$1.32B50.3%

4–10$746.24M28.4%

11–25$307.39M11.7%

Rest$251.91M9.6%

Top 3 weight

50.3%

Top 10 weight

78.7%

Voting Authority Distribution

Total shares with voting rights: 82.99M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

24.19M

% of voting shares29.2%

None

No voting authority

58.80M

% of voting shares70.8%

Investment Discretion (by position count)

Sole0

Shared0

Other96

Dominant voting typeNone · 70.8% of voting shares

Institutional Holdings96

Rows:

SPDR GOLD TR

OTR

GOLD SHS

Shares2.30M

TypeSH

Market value$700.34M

26.68%

Sole

0.00

Shared

2.30M

None

0.00

INVESCO QQQ TR

OTR

UNIT SER 1

Shares659K

TypeSH

Market value$363.53M

13.85%

Sole

0.00

Shared

659K

None

0.00

ISHARES BITCOIN TRUST ETF

OTR

SHS BEN INT

Shares4.17M

TypeSH

Market value$255.30M

9.73%

Sole

0.00

Shared

4.17M

None

0.00

MICROSTRATEGY INC

OTR

CL A NEW

Shares540K

TypeSH

Market value$218.28M

8.32%

Sole

0.00

Shared

540K

None

0.00

ALPHABET INC

OTR

CAP STK CL C

Shares800K

TypeSH

Market value$141.91M

5.41%

Sole

0.00

Shared

800K

None

0.00

ISHARES TR

OTR

IBOXX HI YD ETF

Shares1.32M

TypeSH

Market value$106.72M

4.07%

Sole

0.00

Shared

1.32M

None

0.00

NVIDIA CORPORATION

OTR

COM

Shares649.96K

TypeSH

Market value$102.69M

3.91%

Sole

0.00

Shared

649.96K

None

0.00

ALIBABA GROUP HLDG LTD

OTR

CRITEO S A

OTR

SPONS ADS

Shares2.26M

TypeSH

Market value$54.15M

2.06%

Sole

0.00

Shared

2.26M

None

0.00

UNITEDHEALTH GROUP INC

OTR

COM

Shares137.59K

TypeSH

Market value$42.92M

1.64%

Sole

0.00

Shared

137.59K

None

0.00

META PLATFORMS INC

OTR

CL A

Shares45K

TypeSH

Market value$33.21M

1.27%

Sole

0.00

Shared

45K

None

0.00

FISERV INC

OTR

COM

Shares178.91K

TypeSH

Market value$30.85M

1.18%

Sole

0.00

Shared

178.91K

None

0.00

ISHARES ETHEREUM TR

OTR

SHS

Shares1.50M

TypeSH

Market value$28.61M

1.09%

Sole

0.00

Shared

1.50M

None

0.00

SPDR S&P 500 ETF TR

OTR

TR UNIT

Shares34.61K

TypeSH

Market value$21.38M

0.81%

Sole

0.00

Shared

34.61K

None

0.00

RITHM CAPITAL CORP

OTR

COM NEW

Shares1.89M

TypeSH

Market value$21.30M

0.81%

Sole

0.00

Shared

1.89M

None

0.00

UNITED AIRLS HLDGS INC

OTR

COM

Shares264.20K

TypeSH

Market value$21.04M

0.80%

Sole

0.00

Shared

264.20K

None

0.00

GAMESTOP CORP NEW

OTR

CL A

Shares860.59K

TypeSH

Market value$20.99M

0.80%

Sole

0.00

Shared

860.59K

None

0.00

DELTA AIR LINES INC DEL

OTR

COM NEW

Shares417.80K

TypeSH

Market value$20.55M

0.78%

Sole

0.00

Shared

417.80K

None

0.00

BRIGHTSPRING HEALTH SVCS INC

OTR

UNIT 02/01/2027

Shares236.89K

TypeSH

Market value$19.55M

0.75%

Sole

0.00

Shared

236.89K

None

0.00

SHIFT4 PMTS INC

OTR

6 SER A CNV PREF

Shares150.18K

TypeSH

Market value$17.30M

0.66%

Sole

0.00

Shared

150.18K

None

0.00

ETORO GROUP LTD

OTR

SHS CL A

Shares252K

TypeSH

Market value$16.78M

0.64%

Sole

0.00

Shared

252K

None

0.00

ITRON INC

OTR

NOTE 3/1

Shares14.08M

TypePRN

Market value$15.96M

0.61%

Sole

0.00

Shared

0.00

None

14.08M

KRANESHARES TRUST

OTR

CSI CHI INTERNET

Shares408K

TypeSH

Market value$14.01M

0.53%

Sole

0.00

Shared

408K

None

0.00

NEXTERA ENERGY INC

OTR

UNIT 06/01/2027

Shares278.73K

TypeSH

Market value$13.13M

0.50%

Sole

0.00

Shared

278.73K

None

0.00

ALIBABA GROUP HLDG LTD

OTR

NOTE 0.500% 6/0

Shares10M

TypePRN

Market value$12.74M

0.49%

Sole

0.00

Shared

0.00

None

10M

Issuer	Class	Shares	Type	Value / Portfolio %	Shared	None
SPDR GOLD TROTR	GOLD SHS	2.30M	SH	$700.34M 26.68%	2.30M	0.00
INVESCO QQQ TROTR	UNIT SER 1	659K	SH	$363.53M 13.85%	659K	0.00
ISHARES BITCOIN TRUST ETFOTR	SHS BEN INT	4.17M	SH	$255.30M 9.73%	4.17M	0.00
MICROSTRATEGY INCOTR	CL A NEW	540K	SH	$218.28M 8.32%	540K	0.00
ALPHABET INCOTR	CAP STK CL C	800K	SH	$141.91M 5.41%	800K	0.00
ISHARES TROTR	IBOXX HI YD ETF	1.32M	SH	$106.72M 4.07%	1.32M	0.00
NVIDIA CORPORATIONOTR	COM	649.96K	SH	$102.69M 3.91%	649.96K	0.00
ALIBABA GROUP HLDG LTDOTR	SPONSORED ADS	701.57K	SH	$79.57M 3.03%	701.57K	0.00
CRITEO S AOTR	SPONS ADS	2.26M	SH	$54.15M 2.06%	2.26M	0.00
UNITEDHEALTH GROUP INCOTR	COM	137.59K	SH	$42.92M 1.64%	137.59K	0.00
META PLATFORMS INCOTR	CL A	45K	SH	$33.21M 1.27%	45K	0.00
FISERV INCOTR	COM	178.91K	SH	$30.85M 1.18%	178.91K	0.00
ISHARES ETHEREUM TROTR	SHS	1.50M	SH	$28.61M 1.09%	1.50M	0.00
SPDR S&P 500 ETF TROTR	TR UNIT	34.61K	SH	$21.38M 0.81%	34.61K	0.00
RITHM CAPITAL CORPOTR	COM NEW	1.89M	SH	$21.30M 0.81%	1.89M	0.00
UNITED AIRLS HLDGS INCOTR	COM	264.20K	SH	$21.04M 0.80%	264.20K	0.00
GAMESTOP CORP NEWOTR	CL A	860.59K	SH	$20.99M 0.80%	860.59K	0.00
DELTA AIR LINES INC DELOTR	COM NEW	417.80K	SH	$20.55M 0.78%	417.80K	0.00
BRIGHTSPRING HEALTH SVCS INCOTR	UNIT 02/01/2027	236.89K	SH	$19.55M 0.75%	236.89K	0.00
SHIFT4 PMTS INCOTR	6 SER A CNV PREF	150.18K	SH	$17.30M 0.66%	150.18K	0.00
ETORO GROUP LTDOTR	SHS CL A	252K	SH	$16.78M 0.64%	252K	0.00
ITRON INCOTR	NOTE 3/1	14.08M	PRN	$15.96M 0.61%	0.00	14.08M
KRANESHARES TRUSTOTR	CSI CHI INTERNET	408K	SH	$14.01M 0.53%	408K	0.00
NEXTERA ENERGY INCOTR	UNIT 06/01/2027	278.73K	SH	$13.13M 0.50%	278.73K	0.00
ALIBABA GROUP HLDG LTDOTR	NOTE 0.500% 6/0	10M	PRN	$12.74M 0.49%	0.00	10M

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