CONTEXT CAPITAL MANAGEMENT LLC
Q3 2026 Form 13-F
LAJOLLA, CALIFORNIA
CIK 0001301396
· CRD 115167
· SEC-registered investment adviser
$4.9B Reported Value Total
CONTEXT CAPITAL MANAGEMENT LLC reports 3 total accounts under management (AUM). There are 3 discretionary accounts valued at $8,008,157,694, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
3 funds
· $4.1B gross asset value
Hedge Fund: $4.1B
Source: Form ADV filed 2026-08-25
Reported value
$4.9B
Quarter over quarter
-3.2%
Holdings
371
Top-10 concentration
25.8%
Filing Structure
Reports holdings for
- PRELUDE CAPITAL MANAGEMENT LLC · File #028-12257 · Q4 2014 – Q3 2018 · declared by one filing
Key People
Form ADV owners & control persons
Charles Edward Carnegie
MANAGING MEMBER AND CHIEF INVESTMENT OFFICER
Chesley David Berlinghof
MANAGING DIRECTOR, CONVERTIBLE TRADING
William David Fertig
MANAGING MEMBER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q3 2026 13F record
Q3 2026 13F filing summary
| Period of report | September 30, 2026 |
|---|---|
| Filed | November 04, 2026 |
| Form | 13F-HR |
| Reported value | $4.9B |
| Positions | 371 |
| Change in reported value | -5.1% |
| New positions | 102 |
| Exited positions | 66 |
| Position turnover | 38.4% |
| Top-10 concentration | 25.8% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 4, 2026
|
371 | $4.9B |
|
Q2 2026 13F
Filed Jul 23, 2026
|
328 | $5.1B |
|
Q1 2026 13F
Filed May 7, 2026
|
299 | $4.3B |
|
Q4 2025 13F
Filed Feb 13, 2026
|
241 | $3.9B |
|
Q3 2025 13F
Filed Nov 12, 2025
|
176 | $3.2B |
|
Q2 2025 13F
Filed Aug 6, 2025
|
132 | $3.0B |
|
Q1 2025 13F
Filed May 5, 2025
|
91 | $2.6B |
|
Q4 2024 13F
Filed Feb 11, 2025
|
110 | $2.6B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
101 | $3.7T |
|
Q2 2024 13F
Filed Aug 9, 2024
|
63 | $2.8T |
|
Q1 2024 13F
Filed May 2, 2024
|
136 | $2.1T |
|
Q4 2023 13F
Filed Feb 9, 2024
|
153 | $1.5B |
|
Q3 2023 13F
Filed Nov 13, 2023
|
164 | $1.2B |
|
Q2 2023 13F
Filed Aug 10, 2023
|
190 | $1.1B |
|
Q1 2023 13F
Filed May 8, 2023
|
229 | $1.2B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
321 | $1.4B |
|
Q3 2022 13F
Filed Nov 7, 2022
|
467 | $1.5B |
|
Q2 2022 13F
Filed Aug 3, 2022
|
522 | $1.4B |
|
Q1 2022 13F
Filed May 9, 2022
|
605 | $1.5B |
|
Q4 2021 13F
Filed Feb 9, 2022
|
500 | $1.3B |
28 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IBIT P ISHARES BITCOIN TRUST ETF | $177.3M | 3.63% |
| 2 | SMCI 3.5 03/01/29 SUPER MICRO COMPUTER INC | $157.3M | 3.22% |
| 3 | MMYT 0 07/01/30 MAKEMYTRIP LIMITED MAURITIUS | $144.9M | 2.96% |
| 4 | MSTR 0 12/01/29 STRATEGY INC | $129.7M | 2.65% |
| 5 | GME 0 06/15/32 GAMESTOP CORP | $128.3M | 2.63% |
| 6 | MARA 0 03/01/30 MARA HOLDINGS INC | $109.0M | 2.23% |
| 7 | ENOV 3.875 10/15/28 ENOVIS CORPORATION | $106.8M | 2.19% |
| 8 | MSTR 0 03/01/30 STRATEGY INC | $102.8M | 2.1% |
| 9 | GME 0 04/01/30 GAMESTOP CORP | $102.7M | 2.1% |
| 10 | TDOC 1.25 06/01/27 TELADOC HEALTH INC | $99.6M | 2.04% |
| 11 | SNAP 0.5 05/01/30 SNAP INC | $90.0M | 1.84% |
| 12 | PCRX 2.125 05/15/29 PACIRA BIOSCIENCES INC | $87.0M | 1.78% |
| 13 | PTON 5.5 12/01/29 PELOTON INTERACTIVE INC | $85.7M | 1.75% |
| 14 | AMPH 2 03/15/29 AMPHASTAR PHARMACEUTICALS IN | $84.6M | 1.73% |
| 15 | DDD 3D SYS CORP DEL | $80.9M | 1.65% |
| 16 | RIVN 4.625 03/15/29 RIVIAN AUTOMOTIVE INC | $80.8M | 1.65% |
| 17 | UPST 1 11/15/30 UPSTART HLDGS INC | $78.4M | 1.6% |
| 18 | SMCI 2.25 07/15/28 SUPER MICRO COMPUTER INC | $78.2M | 1.6% |
| 19 | FOUR 0.5 08/01/27 SHIFT4 PMTS INC | $77.6M | 1.59% |
| 20 | SMCIP SUPER MICRO COMPUTER INC | $77.3M | 1.58% |
Values as reported on the Q3 2026 Form 13F. Every position is in the holdings table below.