Capital Advisors, LLC- CA Arena 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
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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
7GC & CO HOLDINGS INC	UNIT 12/23/2025	81786A206	5,275	500,000	SH		SOLE		500,000	0	0
AEQUI ACQUISITION CORP	UNIT 11/30/2027	00775W201	9,168	907,736	SH		SOLE		907,736	0	0
AJAX I	COM	G0190X100	19,463	1,649,388	SH		SOLE		1,649,388	0	0
AJAX I	UNIT 99/99/9999	G0190X118	0	2	SH		SOLE		2	0	0
AJAX I	*W EXP 10/27/202	G0190X126	1,352	412,347	SH		SOLE		412,347	0	0
ALTITUDE ACQUISITION CORP	UNIT 11/30/2027	02156Y202	10,350	1,000,000	SH		SOLE		1,000,000	0	0
APOLLO STRATEGIC GROWTH CAPT	UNIT 99/99/9999	G0411R122	26,982	2,468,617	SH		SOLE		2,468,617	0	0
ATLANTIC AVE ACQUISITION COR	UNIT 99/99/9999	04906P200	5,300	500,000	SH		SOLE		500,000	0	0
ATLAS CREST INVT CORP	UNIT 99/99/9999	049284201	5,285	500,901	SH		SOLE		500,901	0	0
AVANTI ACQUISITION CORP	UNIT 99/99/9999	G0682V117	2,719	250,873	SH		SOLE		250,873	0	0
CALIFORNIA RES CORP	COMMON STOCK	13057Q305	13,927	590,369	SH		SOLE		590,369	0	0
CAPITOL INVESTMENT CORP V	UNIT 99/99/9999	14064F209	15,450	1,500,000	SH		SOLE		1,500,000	0	0
CERBERUS TELECOM ACQUISITION	UNIT 99/99/9999	G2040C112	3,198	300,000	SH		SOLE		300,000	0	0
CF ACQUISITION CORP IV	UNIT 12/31/2027	12520T201	9,261	900,000	SH		SOLE		900,000	0	0
CF FINANCE ACQUISITION CORP	UNIT 08/01/2027	15725Q203	0	2	SH		SOLE		2	0	0
CF FINANCE ACQUISITION CORP	*W EXP 08/01/202	15725Q112	40	16,615	SH		SOLE		16,615	0	0
CHURCHILL CAPITAL CORP V	UNIT 99/99/9999	17144T206	5,250	500,000	SH		SOLE		500,000	0	0
CLIMATE CHANGE CRISIS REAL I	UNIT 99/99/9999	18716C209	1,598	149,455	SH		SOLE		149,455	0	0
CONCORD ACQUISITION CORP	UNIT 12/28/2025	206071201	3,093	300,000	SH		SOLE		300,000	0	0
CONTEXTLOGIC INC	COM CL A	21077C107	456	25,000	SH		SOLE		25,000	0	0
CORNER GROWTH ACQUISITION CO	UNIT 01/01/2027	G2425N121	6,273	600,241	SH		SOLE		600,241	0	0
DECARBONIZATION PLUS ACQU CO	UNIT 10/02/2025	242797207	4,668	406,259	SH		SOLE		406,259	0	0
DMY TECHNOLOGY GROUP INC III	UNIT 99/99/9999	233278209	11,400	1,000,000	SH		SOLE		1,000,000	0	0
DRAGONEER GROWTH OPPTY CORP	SHS CL A	G28314105	5,713	500,227	SH		SOLE		500,227	0	0
DYCOM INDS INC	NOTE 0.750% 9/1	267475AB7	7,547	7,300,000	PRN		SOLE		7,300,000	0	0
EDTECHX HOLDINGS ACQU CORP I	UNIT 08/31/2027	28139A201	3,376	327,118	SH		SOLE		327,118	0	0
EMPOWER LTD	UNIT 99/99/9999	G3R39W128	21,264	2,044,632	SH		SOLE		2,044,632	0	0
EQUITY DISTR ACQUISITION COR	COM CL A	29465E106	1,536	150,000	SH		SOLE		150,000	0	0
FALCON CAPITAL ACQUISITN COR	UNIT 08/20/2027	30606L207	3,917	366,790	SH		SOLE		366,790	0	0
FAR PEAK ACQUISITION CORP	UNIT 99/99/9999	G3312L129	15,525	1,500,000	SH		SOLE		1,500,000	0	0
FG NEW AMER ACQUISITION CORP	COM	30259V106	392	38,500	SH		SOLE		38,500	0	0
FIRSTMARK HORIZON ACQUISITIO	CL A COM	33765Y101	768	72,498	SH		SOLE		72,498	0	0
FIRSTMARK HORIZON ACQUISITIO	UNIT 99/99/9999	33765Y200	0	2	SH		SOLE		2	0	0
FIRSTMARK HORIZON ACQUISITIO	*W EXP 09/26/202	33765Y119	60	24,166	SH		SOLE		24,166	0	0
FOREST ROAD ACQUISITION CORP	UNIT 99/99/9999	34619R201	3,124	297,519	SH		SOLE		297,519	0	0
FTAC OLYMPUS ACQUISITION COR	CL A SHS	G37288100	6,756	655,957	SH		SOLE		655,957	0	0
FTAC OLYMPUS ACQUISITION COR	UNIT 08/24/2025	G37288118	3,367	309,750	SH		SOLE		309,750	0	0
FTAC OLYMPUS ACQUISITION COR	*W EXP 08/28/202	G37288126	415	218,651	SH		SOLE		218,651	0	0
GO ACQUISITION CORP	COM	362019101	1,210	118,738	SH		SOLE		118,738	0	0
GORES HOLDINGS VI INC	UNIT 08/24/2027	38286R204	711	67,097	SH		SOLE		67,097	0	0
H I G ACQUISITION CORP	UNIT 99/99/9999	G44898115	25,032	2,400,000	SH		SOLE		2,400,000	0	0
HORIZON ACQUISITION CORPORAT	UNIT 99/99/9999	G46044122	5,370	500,000	SH		SOLE		500,000	0	0
HUMANCO ACQUISITION CORP	UNIT 12/08/2023	44487N208	21,599	1,959,988	SH		SOLE		1,959,988	0	0
INSU ACQUISITION CORP III	UNIT 12/31/2026	457817302	92	8,742	SH		SOLE		8,742	0	0
LANDCADIA HOLDINGS III INC	UNIT 99/99/9999	51476H209	5,585	500,000	SH		SOLE		500,000	0	0
L&F ACQUISITION CORP	UNIT 99/99/9999	G53702125	5,185	500,000	SH		SOLE		500,000	0	0
LIBERTY LATIN AMERICA LTD	NOTE 2.000% 7/1	53069QAB5	8,024	8,400,000	PRN		SOLE		8,400,000	0	0
LIVE OAK ACQUISITION CORP II	UNIT 99/99/9999	53804W205	3,255	300,000	SH		SOLE		300,000	0	0
MONTES ARCHIMEDES ACQUISITIO	UNIT 09/30/2025	612657205	4,746	452,015	SH		SOLE		452,015	0	0
NATURAL ORDER ACQUISITION CO	UNIT 99/99/9999	63889L206	9,988	920,597	SH		SOLE		920,597	0	0
NEBULA CARAVEL ACQUISITION C	UNIT 12/09/2023	629070202	10,401	963,100	SH		SOLE		963,100	0	0
OAKTREE ACQUISITION CORP II	UNIT 09/15/2027	G6715X129	3,695	345,000	SH		SOLE		345,000	0	0
PDC ENERGY INC	NOTE 1.125% 9/1	69327RAD3	1,685	1,725,000	PRN		SOLE		1,725,000	0	0
PERIDOT ACQUISITION CORP	SHS CL A	G7008A115	28,088	2,711,243	SH		SOLE		2,711,243	0	0
PERIDOT ACQUISITION CORP	UNIT 99/99/9999	G7008A123	8,528	758,000	SH		SOLE		758,000	0	0
PERIDOT ACQUISITION CORP	*W EXP 11/30/202	G7008A107	1,463	821,886	SH		SOLE		821,886	0	0
POPULATION HEALTH INVS CO IN	UNIT 99/99/9999	G71716123	4,180	400,000	SH		SOLE		400,000	0	0
PROPTECH INVESTMENT CORP II	UNIT 99/99/9999	743497208	2,658	250,000	SH		SOLE		250,000	0	0
QELL ACQUISITION CORP	UNIT 10/01/2025	G7307X121	129	9,744	SH		SOLE		9,744	0	0
RACKSPACE TECHNOLOGY INC	COM	750102105	5,679	297,950	SH		SOLE		297,950	0	0
REDBALL ACQUISITION CORP	COM CL A	G7417R105	272	25,000	SH		SOLE		25,000	0	0
REVOLUTION ACCELERTN ACQU CO	UNIT 12/01/2025	76156P205	7,808	750,000	SH		SOLE		750,000	0	0
RICE ACQUISITION CORP	UNIT 99/99/9999	762594208	12,597	1,113,788	SH		SOLE		1,113,788	0	0
SARISSA CAPITAL ACQUISITN CO	CL A	G7823W102	7,084	699,999	SH		SOLE		699,999	0	0
SARISSA CAPITAL ACQUISITN CO	UNIT 10/23/2027	G7823W128	0	1	SH		SOLE		1	0	0
SARISSA CAPITAL ACQUISITN CO	*W EXP 10/23/202	G7823W110	642	233,333	SH		SOLE		233,333	0	0
SCION TECH GROWTH I	UNIT 12/17/2025	G31067120	25,800	2,500,000	SH		SOLE		2,500,000	0	0
SPARTAN ACQUISITION CORP II	UNIT 99/99/9999	846775203	9,843	911,363	SH		SOLE		911,363	0	0
SPORTS ENTERTAINMENT ACQU CO	COM CL A	84918M106	473	46,693	SH		SOLE		46,693	0	0
STARWOOD PPTY TR INC	NOTE 4.375% 4/0	85571BAH8	1,047	1,051,000	PRN		SOLE		1,051,000	0	0
SUNPOWER CORP	DBCV 0.875% 6/0	867652AJ8	17,953	17,450,000	PRN		SOLE		17,450,000	0	0
TEVA PHARMACEUTICAL FIN LLC	DBCV 0.250% 2/0	88163VAE9	68,785	68,443,000	PRN		SOLE		68,443,000	0	0
TORTOISE ACQUISITION CORP II	UNIT 06/14/2027	G89554110	1,181	104,688	SH		SOLE		104,688	0	0
TPG PACE BEN FIN CORP	CL A COM	G8990D125	17,305	668,933	SH		SOLE		668,933	0	0
TPG PACE BEN FIN CORP	UNIT 99/99/9999	G8990D109	2,492	91,628	SH		SOLE		91,628	0	0
TPG PACE BEN FIN CORP	*W EXP 10/09/202	G8990D117	1,345	183,187	SH		SOLE		183,187	0	0
TPG PACE TECH OPPORTUNITIES	CL A COM	G8990Y103	2,125	191,426	SH		SOLE		191,426	0	0
TPG PACE TECH OPPORTUNITIES	UNIT 99/99/9999	G8990Y111	10,423	917,484	SH		SOLE		917,484	0	0
TREPONT ACQUISITION CORP I	UNIT 99/99/9999	G9095M119	5,185	500,000	SH		SOLE		500,000	0	0
TWC TECH HLDGS II CORP	COM	90117G105	14,787	1,404,306	SH		SOLE		1,404,306	0	0
TWC TECH HLDGS II CORP	UNIT 09/10/2025	90117G204	3,896	362,402	SH		SOLE		362,402	0	0
TWC TECH HLDGS II CORP	*W EXP 09/15/202	90117G113	911	552,046	SH		SOLE		552,046	0	0
VERINT SYS INC	NOTE 1.500% 6/0	92343XAA8	7,931	7,200,000	PRN		SOLE		7,200,000	0	0
VG ACQUISITION CORP	UNIT 99/99/9999	G9446E121	83	6,938	SH		SOLE		6,938	0	0
WEIBO CORP	NOTE 1.250%11/1	948596AC5	15,393	15,788,000	PRN		SOLE		15,788,000	0	0