Filed: 11/14/2025ACC: 0001104659-25-111926
📋 What this filing means
RADCLIFFE CAPITAL MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 237 equity positions with a total reported market value of $1.61B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
237
Positions
$1.61B
Total AUM (reported)
1.20B
Total Shares
Allocation by class
CONV$1.11B68.8%
COMMON STOCK$424.15M26.3%
UNIT$64.05M4.0%
RIGHT$13.55M0.8%
WARRANT$1.70M0.1%
MUTUAL FUND$727.6K0.0%
Portfolio Concentration
Top 3$371.07M23.0%
4–10$486.09M30.1%
11–25$224.08M13.9%
Rest$533.01M33.0%
Top 3 weight
23.0%
Top 10 weight
53.1%
Voting Authority Distribution
Total shares with voting rights: 1.20B
Sole
Full voting authority
1.11B
shares
% of voting shares92.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
85.52M
shares
% of voting shares7.1%
Investment Discretion (by position count)
Sole237
Shared0
Other0
Dominant voting typeSole · 92.9% of voting shares
Institutional Holdings237
Rows:
Enphase Energy Inc
SOLEShares142.75M
TypePRN
Market value$139.01M
8.61%
Sole
127.14M
Shared
0.00
None
15.61M
DexCom Inc.
SOLEShares119.03M
TypePRN
Market value$118.07M
7.31%
Sole
103.01M
Shared
0.00
None
16.02M
New Mountain Finance Corporation
SOLEShares114.05M
TypePRN
Market value$113.99M
7.06%
Sole
105.43M
Shared
0.00
None
8.62M
Teladoc Health Inc
SOLEShares115.75M
TypePRN
Market value$108.11M
6.70%
Sole
111.25M
Shared
0.00
None
4.50M
Fiverr International Ltd
SOLEShares103.68M
TypePRN
Market value$103.18M
6.39%
Sole
91.11M
Shared
0.00
None
12.57M
Magnite Inc.
SOLEShares74.77M
TypePRN
Market value$72.70M
4.50%
Sole
67.62M
Shared
0.00
None
7.15M
RingCentral Inc
SOLEShares68.01M
TypePRN
Market value$66.27M
4.11%
Sole
60.80M
Shared
0.00
None
7.21M
Marriott Vacations Worldwide Corp
SOLEShares57.50M
TypePRN
Market value$56.53M
3.50%
Sole
52.87M
Shared
0.00
None
4.63M
Bandwidth Inc
SOLEShares49.90M
TypePRN
Market value$42.37M
2.62%
Sole
49.90M
Shared
0.00
None
0.00
Enphase Energy Inc
SOLEShares42.64M
TypePRN
Market value$36.93M
2.29%
Sole
42.64M
Shared
0.00
None
0.00
Etsy Inc
SOLEShares38M
TypePRN
Market value$33.52M
2.08%
Sole
38M
Shared
0.00
None
0.00
Cable One Inc
SOLEShares34.26M
TypePRN
Market value$33.36M
2.07%
Sole
32.69M
Shared
0.00
None
1.56M
Alarm.com Holdings Inc
SOLEShares22.25M
TypePRN
Market value$21.89M
1.36%
Sole
21.52M
Shared
0.00
None
730K
Gladstone Capital Corp
SOLEShares18M
TypePRN
Market value$17.81M
1.10%
Sole
18M
Shared
0.00
None
0.00
Unity Software Inc
SOLEShares18.46M
TypePRN
Market value$17.56M
1.09%
Sole
16.88M
Shared
0.00
None
1.58M
Array Technologies Inc
SOLEShares15.50M
TypePRN
Market value$13.42M
0.83%
Sole
15.50M
Shared
0.00
None
0.00
FuboTV Inc
SOLEShares11.74M
TypePRN
Market value$11.59M
0.72%
Sole
11.27M
Shared
0.00
None
470K
Upwork Inc
SOLEShares11.12M
TypePRN
Market value$10.75M
0.67%
Sole
11.08M
Shared
0.00
None
40K
Etsy Inc
SOLEShares11.60M
TypePRN
Market value$10.67M
0.66%
Sole
11.60M
Shared
0.00
None
0.00
BlackLine Inc
SOLEShares10.69M
TypePRN
Market value$10.41M
0.65%
Sole
10.53M
Shared
0.00
None
160K
Vail Resorts Inc
SOLEShares10M
TypePRN
Market value$9.86M
0.61%
Sole
9.10M
Shared
0.00
None
905K
Bleichroeder Acquisition Corp I
SOLEShares912.24K
TypeSH
Market value$9.49M
0.59%
Sole
912.24K
Shared
0.00
None
0.00
EQV Ventures Acquisition Corp II
SOLEShares860K
TypeSH
Market value$8.56M
0.53%
Sole
860K
Shared
0.00
None
0.00
Airbnb Inc
SOLEShares7.78M
TypePRN
Market value$7.60M
0.47%
Sole
4.22M
Shared
0.00
None
3.56M
Snowflake Inc
SOLEShares5M
TypePRN
Market value$7.59M
0.47%
Sole
5M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Enphase Energy IncSOLE | Conv | 142.75M | PRN | $139.01M 8.61% | 127.14M | 0.00 | 15.61M |
DexCom Inc.SOLE | Conv | 119.03M | PRN | $118.07M 7.31% | 103.01M | 0.00 | 16.02M |
New Mountain Finance CorporationSOLE | Conv | 114.05M | PRN | $113.99M 7.06% | 105.43M | 0.00 | 8.62M |
Teladoc Health IncSOLE | Conv | 115.75M | PRN | $108.11M 6.70% | 111.25M | 0.00 | 4.50M |
Fiverr International LtdSOLE | Conv | 103.68M | PRN | $103.18M 6.39% | 91.11M | 0.00 | 12.57M |
Magnite Inc.SOLE | Conv | 74.77M | PRN | $72.70M 4.50% | 67.62M | 0.00 | 7.15M |
RingCentral IncSOLE | Conv | 68.01M | PRN | $66.27M 4.11% | 60.80M | 0.00 | 7.21M |
Marriott Vacations Worldwide CorpSOLE | Conv | 57.50M | PRN | $56.53M 3.50% | 52.87M | 0.00 | 4.63M |
Bandwidth IncSOLE | Conv | 49.90M | PRN | $42.37M 2.62% | 49.90M | 0.00 | 0.00 |
Enphase Energy IncSOLE | Conv | 42.64M | PRN | $36.93M 2.29% | 42.64M | 0.00 | 0.00 |
Etsy IncSOLE | Conv | 38M | PRN | $33.52M 2.08% | 38M | 0.00 | 0.00 |
Cable One IncSOLE | Conv | 34.26M | PRN | $33.36M 2.07% | 32.69M | 0.00 | 1.56M |
Alarm.com Holdings IncSOLE | Conv | 22.25M | PRN | $21.89M 1.36% | 21.52M | 0.00 | 730K |
Gladstone Capital CorpSOLE | Conv | 18M | PRN | $17.81M 1.10% | 18M | 0.00 | 0.00 |
Unity Software IncSOLE | Conv | 18.46M | PRN | $17.56M 1.09% | 16.88M | 0.00 | 1.58M |
Array Technologies IncSOLE | Conv | 15.50M | PRN | $13.42M 0.83% | 15.50M | 0.00 | 0.00 |
FuboTV IncSOLE | Conv | 11.74M | PRN | $11.59M 0.72% | 11.27M | 0.00 | 470K |
Upwork IncSOLE | Conv | 11.12M | PRN | $10.75M 0.67% | 11.08M | 0.00 | 40K |
Etsy IncSOLE | Conv | 11.60M | PRN | $10.67M 0.66% | 11.60M | 0.00 | 0.00 |
BlackLine IncSOLE | Conv | 10.69M | PRN | $10.41M 0.65% | 10.53M | 0.00 | 160K |
Vail Resorts IncSOLE | Conv | 10M | PRN | $9.86M 0.61% | 9.10M | 0.00 | 905K |
Bleichroeder Acquisition Corp ISOLE | Common Stock | 912.24K | SH | $9.49M 0.59% | 912.24K | 0.00 | 0.00 |
EQV Ventures Acquisition Corp IISOLE | Common Stock | 860K | SH | $8.56M 0.53% | 860K | 0.00 | 0.00 |
Airbnb IncSOLE | Conv | 7.78M | PRN | $7.60M 0.47% | 4.22M | 0.00 | 3.56M |
Snowflake IncSOLE | Conv | 5M | PRN | $7.59M 0.47% | 5M | 0.00 | 0.00 |
Page 1 of 10
…