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Context Capital Management, LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1301396
Institutional-grade research for retail investors

Sector Allocation

  • Technology26.2%$1.3B
  • Other24.4%$1.2B
  • Financials17.0%$842.6M
  • Healthcare13.2%$655.2M
  • Communication Services4.8%$238.4M
  • Materials4.5%$224.7M
  • Consumer Discretionary3.9%$195.2M
  • Energy2.8%$136.5M
  • Industrials2.1%$106.0M
  • Real Estate0.5%$22.5M

AUM History

13fpro.ai/research/fund/context-capital-management-llc-1301396

Conviction and streaks

Diversifying · top 10 = 25.2%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

ECHO$ECHOConviction hold3.5% weight · held 4 quartersSMCI$SMCIConviction hold2.8% weight · held 6 quartersENOV$ENOVConviction hold2.3% weight · held 7 quartersPTON$PTONConviction hold2.2% weight · held 5 quartersTDOC$TDOCConviction hold2.1% weight · held 10 quartersSMCI$SMCIAccumulating+1487586% shares · 5 quarters runningPCRX$PCRXAccumulating+118034% shares · 4 quarters runningPRCH$PRCHAccumulating+316433% shares · 4 quarters runningENOV$ENOVAccumulating+363561% shares · 3 quarters running$Accumulating+487562% shares · 3 quarters runningFACT$FACTTrimming-13% shares · 3 quarters runningPTON$PTONTrimming-17% shares · 2 quarters runningBBIO$BBIOTrimming-29% shares · 2 quarters runningCLSK$CLSKTrimming-40% shares · 2 quarters runningGRPN$GRPNTrimming-16% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/context-capital-management-llc-1301396

Context Capital Management, LLC 13F holdings — Q2 2026

$5.1B portfolio (+19.0% QoQ) · 427 holdings · Q2 2026 13F · top 10 are 25% of the stock portfolio

Includes $191.9M of put/call options ($191.9M puts, $0 calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $5.0B. Weights use the stock portfolio.

All holdings — Context Capital Management, LLC (Q2 2026)

427 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
IBIT$IBITPUTiShares Bitcoin Trust ETF$191.3MNew
— RIVIAN AUTOMOTIVE INC - NOTE 4.625% 3/1note$97.5M-17%
GOOG$GOOGAlphabet Inc.$91.6MNew
SNAP$SNAPSnap Incnote$91.2M+4%
APLD$APLDApplied Digital Corp.note$90.8M—
PCRX$PCRXPacira BioSciences, Inc.note$88.7M+9%
— ALPHABET INC - DEP SHS RP1/20 B$88.0MNew
CENX$CENXCENTURY ALUMINUM COnote$86.0M-13%
— AMPHASTAR PHARMACEUTICALS IN - NOTE 2.000% 3/1note$85.2M+40%
SMCI$SMCISuper Micro Computer, Inc.$79.2MNew
— JOBY AVIATION INC - NOTE 0.750% 2/1note$76.6M-3%
— DOORDASH INC - NOTE 5/1note$73.7MNew
PRCH$PRCHPorch Group, Inc.$68.9M+2%
CRNC$CRNCCerence Inc.note$65.6M+7%
SEI$SEISolaris Energy Infrastructure, Inc.note$64.8M+66%

What changed in Q2 2026

Against the previous quarter's 13F: 79 new, 27 added to, 42 trimmed, 46 sold out. Share-count changes; largest moves by dollar size first.

New positions (79)

  • IBIT$IBITPUTiShares Bitcoin Trust ETF$191.3M

    first bought this quarter

  • MAKEMYTRIP LIMITED MAURITIUS - NOTE 7/0$150.8M

    first bought this quarter

  • GME$GMEGameStop Corp.$144.6M

    first bought this quarter

  • GME$GMEGameStop Corp.$103.3M

    first bought this quarter

  • GOOG$GOOGAlphabet Inc.$91.6M

    first bought this quarter

  • ALPHABET INC - DEP SHS RP1/20 B$88.0M

    first bought this quarter

+73 more in the Excel export

Added to (27)

  • MARA$MARAMARA Holdings, Inc.+95%

    now $110.2M · held 4 qtrs

  • SMCI$SMCISuper Micro Computer, Inc.+53%

    now $139.9M · held 6+ qtrs, 5 adds in a row

  • SUPER MICRO COMPUTER INC - NOTE 2.250% 7/1+928%

    now $53.0M

  • SEI$SEISolaris Energy Infrastructure, Inc.+66%

    now $64.8M · held 5 qtrs

  • AMPHASTAR PHARMACEUTICALS IN - NOTE 2.000% 3/1+40%

    now $85.2M

  • PCT$PCTPureCycle Technologies, Inc.+76%

    now $45.3M · held 6+ qtrs

+21 more in the Excel export

Trimmed (42)

  • MSTR$MSTRStrategy Inc-51%

    now $100.0M · held 6+ qtrs

  • FLNC$FLNCFluence Energy, Inc.-55%

    now $45.5M · held 3 qtrs

  • CLSK$CLSKCLEANSPARK, INC.-34%

    now $60.5M · held 3 qtrs, 2 trims in a row

  • STRATEGY INC - NOTE 3/0-40%

    now $31.1M

  • RIVIAN AUTOMOTIVE INC - NOTE 4.625% 3/1-17%

    now $97.5M

  • INTEGER HLDGS CORP - DBCV 1.875% 3/1-27%

    now $51.5M

+36 more in the Excel export

Sold out (46)

  • CNMD$CNMDCONMED Corpwas $115.9M

    held 8+ qtrs

  • ENPH$ENPHEnphase Energy, Inc.was $76.4M

    held 2 qtrs

  • IRWD$IRWDIRONWOOD PHARMACEUTICALS INCwas $58.1M

    held 7+ qtrs

  • NEXTERA ENERGY INCwas $47.0M
  • DKNG$DKNGDraftKings Inc.was $46.0M
  • W$WWayfair Inc.was $40.5M

+40 more in the Excel export

Firm AUM (Form ADV): $8.0B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F Context Capital Management, LLC has filed, 40 earlier quarters. Pick one to see what it held then.

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Is it too late to follow Context Capital Management?

Q2 2026 13F filed with the SEC on Jul 23, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of Context Capital Management's top 20 holdings: 48/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)

Top 10 since filing

-0.7%

Value-weighted move of the 10 largest stock positions

Turnover

26%

Last quarter; 93% over the last 4

Top 10 weight

25%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

68%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Context Capital Management, LLC disclosed 427 positions worth $5.1B in its Form 13F-HR for Q2 2026 — $5.0B in common stock plus $191.9M of put/call option positions (reported at underlying notional value, not premium at risk), led by $ECHO (EchoStar CORP) at 3.5% of the equity portfolio. During the quarter the fund opened 79 new positions and exited 46 — including a new stake in $IBIT and a full exit from $CNMD. The portfolio is most concentrated in Technology (26.2% of disclosed assets). All figures are sourced directly from Context Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1301396.

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AI-Powered Hedge Fund Analysis: Context Capital Management, LLC

13F Pro is an AI hedge fund tracker and stock research platform. For Context Capital Management, LLC (SEC CIK: 1301396), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Context Capital Management, LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.