CONTEXT CAPITAL MANAGEMENT LLC
Q2 2026 Form 13-F
LAJOLLA, CALIFORNIA
CIK 0001301396
· CRD 115167
· SEC-registered investment adviser
$5.1B 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
$5.1B
Quarter over quarter
+6.8%
Holdings
328
Top-10 concentration
26.0%
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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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | July 23, 2026 |
| Form | 13F-HR |
| Reported value | $5.1B |
| Positions | 328 |
| Change in reported value | +19.0% |
| New positions | 87 |
| Exited positions | 58 |
| Position turnover | 37.6% |
| Top-10 concentration | 26.0% |
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 · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IBIT P ISHARES BITCOIN TRUST ETF | $191.3M | 3.72% |
| 2 | ECHO 3.875 11/30/30 ECHOSTAR CORP | $172.1M | 3.34% |
| 3 | MMYT 0 07/01/30 MAKEMYTRIP LIMITED MAURITIUS | $150.8M | 2.93% |
| 4 | GME 0 04/01/30 GAMESTOP CORP | $144.6M | 2.81% |
| 5 | SMCI 3.5 03/01/29 SUPER MICRO COMPUTER INC | $139.9M | 2.72% |
| 6 | ENOV 3.875 10/15/28 ENOVIS CORPORATION | $115.4M | 2.24% |
| 7 | MARA 0 03/01/30 MARA HOLDINGS INC | $110.2M | 2.14% |
| 8 | PTON 5.5 12/01/29 PELOTON INTERACTIVE INC | $108.5M | 2.11% |
| 9 | GME 0 06/15/32 GAMESTOP CORP | $103.3M | 2.01% |
| 10 | TDOC 1.25 06/01/27 TELADOC HEALTH INC | $102.8M | 2.0% |
| 11 | MSTR 0 12/01/29 STRATEGY INC | $100.0M | 1.94% |
| 12 | RIVN 4.625 03/15/29 RIVIAN AUTOMOTIVE INC | $97.5M | 1.89% |
| 13 | GGLAP ALPHABET INC | $91.6M | 1.78% |
| 14 | SNAP 0.5 05/01/30 SNAP INC | $91.2M | 1.77% |
| 15 | APLD 2.75 06/01/30 APPLIED DIGITAL CORP | $90.8M | 1.76% |
| 16 | PCRX 2.125 05/15/29 PACIRA BIOSCIENCES INC | $88.7M | 1.72% |
| 17 | GGLBP ALPHABET INC | $88.0M | 1.71% |
| 18 | CENX 2.75 05/01/28 CENTURY ALUM CO | $86.0M | 1.67% |
| 19 | AMPH 2 03/15/29 AMPHASTAR PHARMACEUTICALS IN | $85.2M | 1.66% |
| 20 | SMCIP SUPER MICRO COMPUTER INC | $79.2M | 1.54% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.