Cowen Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
5 01 ACQUISITION CORP	COM CL A	33836P105	687	70,000	SH		DFND		70,000	0	0
890 5TH AVE PARTNERS INC	UNIT 01/12/2026	28250A204	1,548	150,000	SH		DFND		150,000	0	0
ACCELERATE ACQUISITION CORP	UNIT 99/99/9999	00439D201	1,004	100,000	SH		DFND		100,000	0	0
ACE CONVERGENCE ACQU CORP	CL A	G0083D120	1,982	200,000	SH		DFND		200,000	0	0
ACKRELL SPAC PARTNERS I CO	UNIT 12/01/2026	00461L204	767	75,000	SH		DFND		75,000	0	0
ADARA ACQUISITION CORP	UNIT 99/99/9999	00653H201	501	50,000	SH		DFND		50,000	0	0
ADIT EDTECH ACQUISITION CORP	COMMON STOCK	007024102	487	50,000	SH		DFND		50,000	0	0
ADIT EDTECH ACQUISITION CORP	UNIT 99/99/9999	007024201	2,246	225,000	SH		DFND		225,000	0	0
AEQUI ACQUISITION CORP	UNIT 11/30/2027	00775W201	3,493	350,000	SH		DFND		350,000	0	0
AF ACQUISITION CORP	UNIT 03/23/2028	001040203	980	100,000	SH		DFND		100,000	0	0
AFRICAN GOLD ACQUISITION COR	UNIT 99/99/9999	G0112R116	505	50,000	SH		DFND		50,000	0	0
AFTERNEXT HEALTHTECH ACQUISI	UNIT 99/99/9999	G01109118	376	37,765	SH		DFND		37,765	0	0
ALLIED ESPORTS ENTMT INC	COM	019170109	137	77,498	SH		DFND		77,498	0	0
AMCI ACQUISITION CORP II	UNIT 03/24/2026	00166R209	1,488	150,000	SH		DFND		150,000	0	0
ANZU SPECIAL ACQUISITIN CORP	UNIT 01/27/2026	03737A200	495	50,000	SH		DFND		50,000	0	0
APOLLO STRATEGIC GROWTH CAPT	SHS CL A	G0411R106	732	75,000	SH		DFND		75,000	0	0
APOLLO STRATEGIC GRWT CPTL I	*W EXP 02/12/202	G0412A128	93	100,000	SH		DFND		100,000	0	0
APOLLO STRATEGIC GRWT CPTL I	UNIT 99/99/9999	G0412A110	498	50,000	SH		DFND		50,000	0	0
ARCHIMEDES TECH SPAC PARTNR	UNIT 03/10/2026	039562202	498	50,000	SH		DFND		50,000	0	0
ARCTOS NORTHSTAR ACQUIS CORP	UNIT 99/99/9999	G0477L118	493	50,000	SH		DFND		50,000	0	0
ARES ACQUISITION CORPORATION	UNIT 99/99/9999	G33032114	990	100,000	SH		DFND		100,000	0	0
ARIES I ACQUISITION CORP	UNIT 03/18/2026	G0542N115	509	50,000	SH		DFND		50,000	0	0
ARMADA ACQUISITION CORP I	UNIT 08/13/2026	04208V202	12,251	1,235,000	SH		DFND		1,235,000	0	0
ATHLON ACQUISITION CORP	UNIT 01/12/2026	04748A205	2,508	250,000	SH		DFND		250,000	0	0
ATLANTIC AVE ACQUISITION COR	*W EXP 10/06/202	04906P119	200	297,915	SH		DFND		297,915	0	0
ATLANTIC COASTAL ACQUISTN CO	UNIT 03/02/2026	048453203	247	25,000	SH		DFND		25,000	0	0
AUSTERLITZ ACQUISITION CORP	SHS CL A	G0633D109	2,982	300,000	SH		DFND		300,000	0	0
AUTHENTIC EQUITY ACQUISTN CO	UNIT 10/31/2027	G06607116	502	50,000	SH		DFND		50,000	0	0
BIG CYPRESS ACQUISITION CORP	UNIT 07/25/2027	089115208	1,113	100,000	SH		DFND		100,000	0	0
BIG SKY GROWTH PARTNERS INC	UNIT 04/01/2026	08954L201	998	100,000	SH		DFND		100,000	0	0
BILANDER ACQUISITION CORP	UNIT 05/19/2026	09001T205	2,000	200,000	SH		DFND		200,000	0	0
BIOTECH ACQUISITION COMPANY	UNIT 11/30/2027	G1125A124	1,255	125,000	SH		DFND		125,000	0	0
BITE ACQUISITION CORP	UNIT 99/99/9999	09175K204	1,497	150,000	SH		DFND		150,000	0	0
BLUE SAFARI GRP ACQUISITN CO	UNIT 06/10/2026	G1195R122	511	50,000	SH		DFND		50,000	0	0
BLUERIVER ACQUISITION CORP	UNIT 01/04/2026	G1261Q123	995	100,000	SH		DFND		100,000	0	0
BOA ACQUISITION CORP	UNIT 99/99/9999	05601A208	988	100,000	SH		DFND		100,000	0	0
BREEZE HOLDINGS ACQUISITN CO	COM	106762107	464	45,950	SH		DFND		45,950	0	0
BROADSCALE ACQUISITION CORP	UNIT 02/02/2026	11134Y200	989	100,000	SH		DFND		100,000	0	0
BULL HORN HLDGS CORP	SHS	G1686P106	498	50,000	SH		DFND		50,000	0	0
BURGUNDY TECHNOLOGY ACQU COR	CL A	G1702T116	498	50,000	SH		DFND		50,000	0	0
BYTE ACQUISITION CORP	CLASS A ORD SHS	G1R25Q105	1,214	125,000	SH		DFND		125,000	0	0
CAPSTAR SPL PURP ACQUISITION	COM CL A	14070Y101	1,538	155,000	SH		DFND		155,000	0	0
CARNEY TECHNOLOGY ACQU CORP	UNIT 12/10/2025	143636207	847	85,000	SH		DFND		85,000	0	0
CC NEUBERGER PRIN HLDGS II	SHS CL A	G3166T103	982	100,000	SH		DFND		100,000	0	0
CC NEUBERGER PRINCIPAL HOLDN	UNIT 99/99/9999	G1992N118	995	100,000	SH		DFND		100,000	0	0
CF ACQUISITION CORP IV	UNIT 12/31/2027	12520T201	396	40,000	SH		DFND		40,000	0	0
CHP MERGER CORP	COM CL A	12558Y106	1,503	150,000	SH		DFND		150,000	0	0
CHURCHILL CAPITAL CORP VII	UNIT 99/99/9999	17144M201	988	100,000	SH		DFND		100,000	0	0
CITIC CAPITAL ACQUISITION CO	COM CL A	G21513109	3,739	375,000	SH		DFND		375,000	0	0
CLIMATE REAL IMPACT SLUTINS	COM CL A	187171103	489	50,000	SH		DFND		50,000	0	0
CM LIFE SCIENCES III INC	CLASS A COM	125841106	1,240	125,000	SH		DFND		125,000	0	0
COLISEUM ACQUISITION CORP	UNIT 04/02/2028	G2263T115	2,488	250,000	SH		DFND		250,000	0	0
COLOMBIER ACQUISITION CORP	UNIT 99/99/9999	19533H207	2,468	250,000	SH		DFND		250,000	0	0
CONX CORP	UNIT 10/30/2027	212873202	251	25,000	SH		DFND		25,000	0	0
CROWN PROPTECH ACQUISITIONS	UNIT 99/99/9999	G25741128	982	100,000	SH		DFND		100,000	0	0
CRUCIBLE ACQUISITION CORP	COM CL A	22877P108	489	50,000	SH		DFND		50,000	0	0
DELWINDS INS ACQUISITION COR	UNIT 99/99/9999	24803C201	1,484	150,000	SH		DFND		150,000	0	0
DIAMONDHEAD HOLDINGS CORP	UNIT 01/21/2026	25278L204	396	40,000	SH		DFND		40,000	0	0
DMY TECHNOLOGY GROUP INC IV	COM CL A	23344K102	3,221	325,000	SH		DFND		325,000	0	0
DPCM CAP INC	COM CL A	23344P101	977	100,000	SH		DFND		100,000	0	0
DRAGONEER GROWTH OPPTY CORP	SHS CL A	G28314105	4,129	415,000	SH		DFND		415,000	0	0
DUDDELL STREET ACQUISITN COR	CL A	G28553108	490	50,000	SH		DFND		50,000	0	0
DUNE ACQUISITION CORP	COM CL A	265334102	1,980	200,000	SH		DFND		200,000	0	0
ECP ENVIRONMENTAL GW OPT COR	UNIT 03/01/2026	26829T209	1,004	100,000	SH		DFND		100,000	0	0
EDOC ACQUISITION CORP	*W EXP 11/30/202	G4000A110	16	65,000	SH		DFND		65,000	0	0
EDOC ACQUISITION CORP	CL A	G4000A102	1,014	100,000	SH		DFND		100,000	0	0
EDTECHX HOLDINGS ACQU CORP I	UNIT 08/31/2027	28139A201	1,021	100,000	SH		DFND		100,000	0	0
ENVIRONMENTAL IMPACT ACQU CO	COM CL A	29408N106	2,473	250,000	SH		DFND		250,000	0	0
EPIPHANY TECHNOLOGY ACQUISIT	UNIT 99/99/9999	29429X208	752	75,000	SH		DFND		75,000	0	0
EQUITY DISTR ACQUISITION COR	COM CL A	29465E106	1,473	150,000	SH		DFND		150,000	0	0
EUCRATES BIOMEDICAL ACQU COR	SHS	G3141W106	489	50,000	SH		DFND		50,000	0	0
EUROPEAN SUSTAINABLE GROWTH	CL A SHS	G3194F109	248	25,000	SH		DFND		25,000	0	0
EUROPEAN SUSTAINABLE GROWTH	UNIT 01/18/2024	G3194F125	524	50,000	SH		DFND		50,000	0	0
EVO ACQUISITION CORP	COM CL A	30052G108	2,423	250,000	SH		DFND		250,000	0	0
EXECUTIVE NETWORK PARTNERING	*W EXP 09/25/202	30158L118	25	31,250	SH		DFND		31,250	0	0
EXECUTIVE NETWORK PARTNERING	CL A	30158L100	1,228	125,000	SH		DFND		125,000	0	0
FAR PEAK ACQUISITION CORP	*W EXP 12/07/202	G3312L111	216	125,000	SH		DFND		125,000	0	0
FAR PEAK ACQUISITION CORP	SHS CL A	G3312L103	1,493	150,000	SH		DFND		150,000	0	0
FIGURE ACQUISITION CORP I	COM CL A	302438106	1,231	125,000	SH		DFND		125,000	0	0
FLAME ACQUISITION CORP	UNIT 99/99/9999	33850F207	1,512	150,000	SH		DFND		150,000	0	0
FORESIGHT ACQUISITION CORP	*W EXP 01/29/202	34552Y114	88	100,000	SH		DFND		100,000	0	0
FORESIGHT ACQUISITION CORP	CL A	34552Y106	3,141	318,521	SH		DFND		318,521	0	0
FORTISTAR SUSTAINABLE SOL CO	UNIT 01/14/2026	34962M205	1,509	150,000	SH		DFND		150,000	0	0
FORTRESS CAPITAL ACQUISITION	UNIT 99/99/9999	G36427113	980	100,000	SH		DFND		100,000	0	0
FORTRESS VALUE ACQUISI CORP	UNIT 03/31/2028	34964K207	985	100,000	SH		DFND		100,000	0	0
FOXWAYNE ENTERPRIS AQSTN COR	UNIT 01/12/2026	35166L208	463	45,000	SH		DFND		45,000	0	0
FRAZIER LIFESCIENCES ACQU CO	UNIT 12/09/2025	G3710A121	401	40,000	SH		DFND		40,000	0	0
FTAC HERA ACQUISITION CORP	UNIT 02/28/2026	G3728Y129	249	25,000	SH		DFND		25,000	0	0
FUSION ACQUISITION CORP II	UNIT 02/29/2028	36118N201	1,458	150,000	SH		DFND		150,000	0	0
G SQUARED ASCEND I INC	UNIT 99/99/9999	G4204R125	855	85,000	SH		DFND		85,000	0	0
GIGCAPITAL4 INC	UNIT 99/99/9999	37518G200	1,020	100,000	SH		DFND		100,000	0	0
GLADSTONE ACQUISITION CORP	UNIT 04/01/2024	37653T207	1,015	100,000	SH		DFND		100,000	0	0
GLOBAL CONSUMER ACQUISITN CO	UNIT 05/21/2026	37892B207	402	40,000	SH		DFND		40,000	0	0
GLOBAL PARTNER ACQISTN CORP	UNIT 01/06/2026	G3934P110	989	100,000	SH		DFND		100,000	0	0
GLOBAL SYNERGY ACQUISIT CORP	UNIT 01/01/2024	G3934J114	2,006	200,000	SH		DFND		200,000	0	0
GO ACQUISITION CORP	COM	362019101	981	100,000	SH		DFND		100,000	0	0
GO ACQUISITION CORP	UNIT 08/31/2027	362019200	402	40,000	SH		DFND		40,000	0	0
GOLDEN FALCON ACQUISITION CO	CL A	38102H109	975	100,000	SH		DFND		100,000	0	0
GOLDEN FALCON ACQUISITION CO	UNIT 99/99/9999	38102H208	200	20,000	SH		DFND		20,000	0	0
GORES HLDGS VIII INC	CL A	382863108	1,970	200,000	SH		DFND		200,000	0	0
GORES HOLDINGS VII INC	UNIT 02/12/2028	38286T200	740	75,000	SH		DFND		75,000	0	0
H I G ACQUISITION CORP	UNIT 99/99/9999	G44898115	301	30,000	SH		DFND		30,000	0	0
HAYMAKER ACQUISITION CORP II	CLASS A COM	42087R108	974	100,000	SH		DFND		100,000	0	0
HEALTHCARE SERVICES ACQU COR	UNIT 11/18/2023	42227K203	744	75,000	SH		DFND		75,000	0	0
HPX CORP	SHS CL A	G32219100	984	100,000	SH		DFND		100,000	0	0
HUDSON EXECUTIVE INVES III	UNIT 02/22/2026	44376L206	739	75,000	SH		DFND		75,000	0	0
HUDSON EXECUTIVE INVS CORP I	UNIT 01/31/2027	443760202	994	100,000	SH		DFND		100,000	0	0
INDEPENDENCE HOLDINGS CORP	UNIT 03/02/2026	G4761A119	997	100,000	SH		DFND		100,000	0	0
INTERPRIVATE II ACQUISITION	UNIT 99/99/9999	46064Q207	998	100,000	SH		DFND		100,000	0	0
INTERPRIVATE III FINANCIAL P	UNIT 99/99/9999	46064R205	1,008	100,000	SH		DFND		100,000	0	0
INTERPRIVATE IV INFRATECH PR	UNIT 03/05/2026	46064T201	981	100,000	SH		DFND		100,000	0	0
ISLEWORTH HEALTHCARE ACQU CO	COM	46468P102	983	100,000	SH		DFND		100,000	0	0
JACK CREEK INVESTMENT CORP	UNIT 10/01/2023	G4989X107	1,508	150,000	SH		DFND		150,000	0	0
JATT ACQUISITION CORP	UNIT 99/99/9999	G50752115	1,003	100,000	SH		DFND		100,000	0	0
JAWS MUSTANG ACQUISITION COR	SHS CL A	G50737108	976	100,000	SH		DFND		100,000	0	0
JIYA ACQUISITION CORP	COM CL A	47760M102	585	60,000	SH		DFND		60,000	0	0
KAIROS ACQUISITION CORP	UNIT 99/99/9999	G52110122	752	75,000	SH		DFND		75,000	0	0
KENSINGTON CAPITAL ACQUISITI	COM CL A	49006L104	331	40,000	SH		DFND		40,000	0	0
KINS TECHNOLOGY GROUP INC	UNIT 10/14/2025	49714K208	355	35,000	SH		DFND		35,000	0	0
KKR ACQUISITION HOLDING I CO	COM CLASS A	48253T109	1,950	200,000	SH		DFND		200,000	0	0
KKR ACQUISITION HOLDING I CO	UNIT 99/99/9999	48253T208	998	100,000	SH		DFND		100,000	0	0
KL ACQUISITION CORP	UNIT 99/99/9999	49837C208	742	75,000	SH		DFND		75,000	0	0
LAZARD GROWTH ACQUISITION CO	CL A ORD SHS	G54035103	973	100,000	SH		DFND		100,000	0	0
LAZARD GROWTH ACQUISITION CO	UNIT 99/99/9999	G54035129	988	100,000	SH		DFND		100,000	0	0
LEO HLDGS CORP II	COM CL A	G5463R102	974	100,000	SH		DFND		100,000	0	0
LEO HLDGS CORP II	UNIT 99/99/9999	G5463R110	1,481	150,000	SH		DFND		150,000	0	0
LIBERTY BROADBAND CORP	COM SER A	530307107	6,738	40,022	SH		DFND		40,022	0	0
LIBERTY MEDIA CORP DEL	COM A SIRIUSXM	531229409	1,664	35,285	SH		DFND		35,285	0	0
LIBERTY MEDIA CORP DEL	COM C SIRIUSXM	531229607	224	4,715	SH		DFND		4,715	0	0
LIGHTJUMP ACQUISITION CORP	UNIT 01/06/2026	53228M205	1,008	100,000	SH		DFND		100,000	0	0
LLOYDS BANKING GROUP PLC	SPONSORED ADR	539439109	12,152	4,960,083	SH		DFND		4,960,083	0	0
LMF ACQUISITION OPPORTUNIT I	UNIT 99/99/9999	502015209	1,049	100,000	SH		DFND		100,000	0	0
LONGVIEW ACQUISITION CORP II	UNIT 99/99/9999	54319Q204	761	75,000	SH		DFND		75,000	0	0
MACQUARIE INFRASTR HOLD LLC	COMMON UNITS	55608B105	3,863	95,252	SH		DFND		95,252	0	0
MALACCA STRAITS ACQUISITION	COM CL A	G5859B117	994	100,000	SH		DFND		100,000	0	0
MALLARD ACQUISITION CORP	UNIT 06/30/2027	561204207	769	75,000	SH		DFND		75,000	0	0
MAQUIA CAPITAL ACQUISITION C	CLASS A COM	56564V101	1,502	150,000	SH		DFND		150,000	0	0
MARLIN TECHNOLOGY CORP	UNIT 99/99/9999	G58411128	250	25,000	SH		DFND		25,000	0	0
MASON INDUSTRIAL TECHNOLGY I	UNIT 99/99/9999	57520Y205	995	100,000	SH		DFND		100,000	0	0
MEDICUS SCIENCES ACQUISITION	CL A SHS	G5960S108	1,706	175,000	SH		DFND		175,000	0	0
MERIDA MERGER CORP I	COM	58953M106	699	70,000	SH		DFND		70,000	0	0
MONTES ARCHIMEDES ACQUISITIO	COM CL A	612657106	94	10,000	SH		DFND		10,000	0	0
MONUMENT CIRCLE ACQUISITN CO	UNIT 01/14/2026	61531M200	501	50,000	SH		DFND		50,000	0	0
MOUNTAIN CREST ACQSTN CORP I	COMMON STOCK	62402U107	737	75,000	SH		DFND		75,000	0	0
NIGHTDRAGON ACQUISITION CORP	UNIT 02/26/20266	65413D204	745	75,000	SH		DFND		75,000	0	0
NOBLE ROCK ACQUISITION CORP	UNIT 01/31/2028	G6546R127	2,485	250,000	SH		DFND		250,000	0	0
NORTHERN LIGHTS ACQUISITN CO	UNIT 11/01/2027	66538L204	1,019	100,000	SH		DFND		100,000	0	0
OMEGA ALPHA SPAC	CL A	G6749V107	730	75,000	SH		DFND		75,000	0	0
ONE EQUITY PARTNERS OPEN WTR	UNIT 01/14/2026	68237L204	992	100,000	SH		DFND		100,000	0	0
OTR ACQUISITION CORP	UNIT 10/01/2025	67113Q204	784	75,000	SH		DFND		75,000	0	0
OVERSEAS SHIPHOLDING GROUP I	CL A NEW	69036R863	231	110,956	SH		DFND		110,956	0	0
OYSTER ENTERPRISES ACQ CORP	UNIT 01/20/2026	69242M203	1,000	100,000	SH		DFND		100,000	0	0
PANACEA ACQUISITION CORP II	CL A SHS	G6882C106	489	50,000	SH		DFND		50,000	0	0
PERSHING SQUARE TONTINE HLDG	*W EXP 07/24/202	71531R117	117	90,981	SH		DFND		90,981	0	0
PERSHING SQUARE TONTINE HLDG	COM CL A	71531R109	579	29,400	SH		DFND		29,400	0	0
PINE TECHNOLOGY ACQUISITN CO	UNIT 03/31/2028	722850203	496	50,000	SH		DFND		50,000	0	0
PMV CONSUMER ACQUISITION COR	COM	693486102	736	75,000	SH		DFND		75,000	0	0
POEMA GLOBAL HOLDINGS CORP	UNIT 99/99/9999	G7154B123	1,031	100,000	SH		DFND		100,000	0	0
PONTEM CORPORATION	UNIT 99/99/9999	G71707114	995	100,000	SH		DFND		100,000	0	0
POWERED BRANDS	UNIT 99/99/9999	G7209M124	992	100,000	SH		DFND		100,000	0	0
PRIME IMPACT ACQUISITION I	UNIT 10/01/2030	G61074111	448	45,000	SH		DFND		45,000	0	0
PRIVETERRA ACQUISITION CORP	UNIT 99/99/9999	74275N201	745	75,000	SH		DFND		75,000	0	0
PROGRESS ACQUISITION CORP	UNIT 12/25/2025	74327P204	1,001	100,000	SH		DFND		100,000	0	0
PROPERTY SOLUTIONS ACQUISITI	UNIT 03/01/2026	74350A207	248	25,000	SH		DFND		25,000	0	0
PROTERRA INC	COM	74374T109	60,330,902	6,228,685	SH		DFND		6,228,685	0	0
QUEENS GAMBIT GROWTH CAPITAL	UNIT 01/19/2026	G7315C127	505	50,000	SH		DFND		50,000	0	0
RECHARGE ACQUISITION CORP	COM CL A	756229100	1,238	125,000	SH		DFND		125,000	0	0
REDBALL ACQUISITION CORP	COM CL A	G7417R105	1,968	200,000	SH		DFND		200,000	0	0
REINVENT TECHNOLOGY PARTNERS	CLASS A ORD SHS	G7484L106	9,930	1,000,000	SH		DFND		1,000,000	0	0
RENREN INC	SPONSORED ADS	759892300	238	17,110	SH		DFND		17,110	0	0
RIVERVIEW ACQUISITION CORP	UNIT 07/29/2026	769395203	1,984	200,000	SH		DFND		200,000	0	0
RMG ACQUISITION CORP III	UNIT 02/08/2026	G76088114	247	25,000	SH		DFND		25,000	0	0
RXR ACQUISITION CORP	UNIT 01/01/2025	74981W206	246	25,000	SH		DFND		25,000	0	0
SCIENCE STRATEGIC ACQ ALPHA	UNIT 01/20/2026	808641203	995	100,000	SH		DFND		100,000	0	0
SCION TECH GROWTH I	UNIT 12/17/2025	G31067120	499	50,000	SH		DFND		50,000	0	0
SCP & CO HEALTHCARE ACQUSTN	UNIT 10/27/2025	784065203	1,743	175,000	SH		DFND		175,000	0	0
SCVX CORP	COM	G79448208	1,738	175,000	SH		DFND		175,000	0	0
SENIOR CONNECT ACQUISITN COR	UNIT 12/09/2023	81723H207	302	30,000	SH		DFND		30,000	0	0
SHAPEWAYS HOLDINGS INC	COMMON STOCK	81947T102	77	10,000	SH		DFND		10,000	0	0
SHELTER ACQUISITION CORP I	UNIT 02/25/2026	822821203	995	100,000	SH		DFND		100,000	0	0
SIMON PROPERTY GRP ACQ HOLDI	COM CL A	82880R103	2,925	300,000	SH		DFND		300,000	0	0
SIRIUSPOINT LTD	COM	G8192H106	626	67,613	SH		DFND		67,613	0	0
SLAM CORP	UNIT 99/99/9999	G8210L113	2,970	300,000	SH		DFND		300,000	0	0
SPARTAN ACQUISITION CORP III	UNIT 99/99/9999	84677R205	1,019	100,000	SH		DFND		100,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	391	32,000	SH	Put	DFND		32,000	0	0
SPDR SER TR	S&P BIOTECH	78464A870	818	100,000	SH	Put	DFND		100,000	0	0
SPORTS ENTERTAINMENT ACQU CO	COM CL A	84918M106	752	75,000	SH		DFND		75,000	0	0
SPORTSTEK ACQUISITION CORP	UNIT 02/16/2028	849196209	989	100,000	SH		DFND		100,000	0	0
SPRINGWATER SPL SITUATIONS C	UNIT 12/01/2027	85205U206	2,994	300,000	SH		DFND		300,000	0	0
STEEL CONNECT INC	COM	858098106	253	124,800	SH		DFND		124,800	0	0
STONEBRIDGE ACQUISITION CORP	UNIT 04/11/2026	G85094111	1,008	100,000	SH		DFND		100,000	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	72,628	10,360,600	SH		DFND		10,360,600	0	0
SUPERNOVA PARTN ACQ CO III L	UNIT 99/99/9999	G8T90F110	494	50,000	SH		DFND		50,000	0	0
SUSTAINABLE DEVELP ACQU I CO	UNIT 02/04/2026	86934L202	1,009	100,000	SH		DFND		100,000	0	0
SVF INVESTMENT CORP	CL A SHS	G8601L102	2,440	250,000	SH		DFND		250,000	0	0
SVF INVESTMENT CORP 2	CL A SHS	G8601M100	1,964	200,000	SH		DFND		200,000	0	0
SVF INVESTMENT CORP 3	CL A SHS	G8601N108	4,424	450,000	SH		DFND		450,000	0	0
TCW SPECIAL PURPOSE ACQU COR	UNIT 99/99/9999	87301L205	985	100,000	SH		DFND		100,000	0	0
THIMBLE POINT ACQUISITION CO	UNIT 99/99/9999	88408P206	2,022	200,000	SH		DFND		200,000	0	0
THUNDER BRIDGE CAP PRTNRS II	UNIT 02/15/2028	88605T209	1,980	200,000	SH		DFND		200,000	0	0
TISHMAN SPEYER INNOVATION CO	UNIT 02/11/2026	88825H209	500	50,000	SH		DFND		50,000	0	0
TORTOISEECOFIN ACQUISITION C	UNIT 99/99/9999	G8956E208	1,494	150,000	SH		DFND		150,000	0	0
TREBIA ACQUISITION CORP	COM CL A	G9027T109	2,478	250,000	SH		DFND		250,000	0	0
TREPONT ACQUISITION CORP I	SHS CL A	G9095M101	2,283	229,000	SH		DFND		229,000	0	0
TUATARA CAPITAL ACQUISITN CO	UNIT 99/99/9999	G9118J127	1,503	150,000	SH		DFND		150,000	0	0
TWELVE SEAS INVESTMENT CO II	UNIT 99/99/9999	90118T205	495	50,000	SH		DFND		50,000	0	0
TWIN RIDGE CAPITAL ACQUIS CO	SHS CL A	G9151L104	970	100,000	SH		DFND		100,000	0	0
TWIN RIDGE CAPITAL ACQUIS CO	UNIT 99/99/9999	G9151L112	3,476	350,000	SH		DFND		350,000	0	0
TZP STRATEGIES ACQUISTN CORP	UNIT 01/06/2026	G91595127	993	100,000	SH		DFND		100,000	0	0
VECTOIQ ACQUISITION CORP II	COM CL A	92244F109	971	100,000	SH		DFND		100,000	0	0
VECTOIQ ACQUISITION CORP II	UNIT 99/99/9999	92244F208	1,986	200,000	SH		DFND		200,000	0	0
VEDANTA LIMITED	SPONSORED ADR	92242Y100	730	47,777	SH		DFND		47,777	0	0
VEDANTA LIMITED	SPONSORED ADR	92242Y100	368	123,100	SH	Put	DFND		123,100	0	0
VENTOUX CCM ACQUISITION CORP	COM	92280L101	2,250	225,000	SH		DFND		225,000	0	0
VICKERS VANTAGE CORP I	UNIT 09/15/2027	G9440B123	2,054	200,000	SH		DFND		200,000	0	0
VIRGIN GROUP ACQUISIT CORP I	UNIT 99/99/9999	G9460K110	990	100,000	SH		DFND		100,000	0	0
VISTAS MEDIA ACQUISITION CO	COM CL A	92840T107	2,014	200,000	SH		DFND		200,000	0	0
WARBURG PINCUS CAPTAL CORP I	SHS CL A	G9460M108	342	35,000	SH		DFND		35,000	0	0
WARBURG PINCUS CAPTAL CORP I	UNIT 99/99/9999	G9460M116	496	50,000	SH		DFND		50,000	0	0
WARBURG PINCUS CAPTAL CORP I	UNIT 99/99/9999	G9461D123	500	50,000	SH		DFND		50,000	0	0
WARRIOR TECHNOLOGIES ACQUI C	UNIT 03/31/2028	936273200	501	50,000	SH		DFND		50,000	0	0
WILLIAMS ROWLAND ACQUISITION	UNIT 99/99/9999	96951B201	1,015	100,000	SH		DFND		100,000	0	0
YELLOWSTONE ACQUISITION CO	COM CL A	98566K105	10,029	988,079	SH		DFND		988,079	0	0