Context Capital Management Llc
- Regulatory AUM
- $8.0B
- Discretionary
- $8.0B
- Clients
- 3
- Avg AUM / client
- $2.7B
- Accounts
- 3
- Employees
- 19
AUM over time
Annual snapshots from Form ADV filings · as of Jul 10, 2026
Investments (13F portfolio — 392 positions, $4,326,799,400)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Strategy Inc | NOTE 12/0 | $197,898,570 | 237,716,000 | 4.57% | 2.47% |
| 2 | Echostar Corp | NOTE 3.875%11/3 | $195,488,500 | 54,688,217 | 4.52% | 2.44% |
| 3 | Century Alum Co | NOTE 2.750% 5/0 | $125,363,825 | 39,817,000 | 2.9% | 1.57% |
| 4 | Conmed Corp | NOTE 2.250% 6/1 | $115,905,845 | 119,429,000 | 2.68% | 1.45% |
| 5 | Teladoc Health Inc | NOTE 1.250% 6/0 | $113,122,681 | 117,959,000 | 2.61% | 1.41% |
| 6 | Rivian Automotive Inc | NOTE 4.625% 3/1 | $106,643,943 | 99,377,000 | 2.46% | 1.33% |
| 7 | Enovis Corporation | NOTE 3.875%10/1 | $102,618,454 | 106,093,000 | 2.37% | 1.28% |
| 8 | Peloton Interactive Inc | NOTE 5.500%12/0 | $101,554,580 | 75,787,000 | 2.35% | 1.27% |
| 9 | Snap Inc | NOTE 0.500% 5/0 | $86,243,451 | 107,035,000 | 1.99% | 1.08% |
| 10 | Bridgebio Pharma Inc | NOTE 2.250% 2/0 | $79,938,081 | 71,254,000 | 1.85% | 1.0% |
| 11 | Fluence Energy Inc | NOTE 2.250% 6/1 | $79,380,048 | 78,672,000 | 1.83% | 0.99% |
| 12 | Super Micro Computer Inc | NOTE 3.500% 3/0 | $78,995,575 | 98,762,000 | 1.83% | 0.99% |
| 13 | Pacira Biosciences Inc | NOTE 2.125% 5/1 | $78,517,204 | 81,306,000 | 1.81% | 0.98% |
| 14 | Enphase Energy Inc | NOTE 3/0 | $76,387,256 | 85,468,000 | 1.77% | 0.95% |
| 15 | Joby Aviation Inc | NOTE 0.750% 2/1 | $74,765,625 | 87,000,000 | 1.73% | 0.93% |
| 16 | Immunocore Hldgs Plc | NOTE 2.500% 2/0 | $70,202,852 | 77,841,000 | 1.62% | 0.88% |
| 17 | Integer Hldgs Corp | DBCV 1.875% 3/1 | $69,969,542 | 72,999,000 | 1.62% | 0.87% |
| 18 | Cleanspark Inc | NOTE 6/1 | $68,540,208 | 70,806,000 | 1.58% | 0.86% |
| 19 | Travere Therapeutics Inc | NOTE 2.250% 3/0 | $66,936,425 | 52,933,000 | 1.55% | 0.84% |
| 20 | Pennymac Corp | NOTE 8.500% 6/0 | $64,094,625 | 61,300,000 | 1.48% | 0.8% |
| 21 | Array Technologies Inc | NOTE 1.000%12/0 | $63,291,232 | 69,704,000 | 1.46% | 0.79% |
| 22 | Rivian Automotive Inc | NOTE 3.625%10/1 | $61,170,501 | 63,706,000 | 1.41% | 0.76% |
| 23 | Amphastar Pharmaceuticals In | NOTE 2.000% 3/1 | $60,639,486 | 66,931,000 | 1.4% | 0.76% |
| 24 | Applied Digital Corp | NOTE 2.750% 6/0 | $60,420,180 | 22,740,000 | 1.4% | 0.75% |
| 25 | Cerence Inc | NOTE 1.500% 7/0 | $59,414,527 | 67,082,000 | 1.37% | 0.74% |
Top 25 of 392 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 3 | $8.0B | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $1.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Context Partners Master Fund, Lp master | Hedge Fund | Cayman Islands | $1.2B | 526 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rosen, Michael, Stuart | Managing Member And Chief Executive Officer | May 2000 (26y) | Less than 5% | |
| Fertig, William, David | Managing Member | Oct 2002 (24y) | 5% – 10% | |
| Rosen, Marilyn, Shelia | Trustee | Aug 2012 (14y) | GP / trustee / elected manager of Max M. Rosen 2012 Irrevocable Trust (indirect) | |
| Carnegie, Charles, Edward | Managing Member And Chief Investment Officer | Sep 2017 (9y) | 25% – 50% | |
| Fertig, David, Max | Managing Director Research | May 2020 (6y) | Less than 5% | |
| Berlinghof, Chesley, David | Managing Director, Convertible Trading | Apr 2021 (5y) | 10% – 25% | |
| Trafton, Luke, William | Vice President, Research And Trading | Apr 2021 (5y) | Less than 5% | |
| Seman, Teagan, Grace | Chief Financial Officer | Nov 2021 (5y) | Less than 5% | |
| Brescia, Grace, Mary | Chief Compliance Officer | Jan 2022 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Nancy Fertig Family Amended And Restated Trust | Trust | Jul 2001 | A | 10% – 25% |
| Rosen Family Trust | Trust | Jul 2001 | A | 5% – 10% |
| Allison J. Carnegie, Trustee Of The Carnegie Family Trust | Trust | Dec 2021 | A | 5% – 10% |
| Matthew Tyler Rosen Irrevocable Trust | Trust | Jul 2001 | A | Less than 5% |
| Merritt Sheila Rosen Irrevocable Trust | Trust | Jul 2001 | A | Less than 5% |
| Madison Britt Rosen Irrevocable Trust | Trust | Jul 2001 | A | Less than 5% |
| Max M. Rosen 2012 Irrevocable Trust | Trust | Aug 2012 | A | Less than 5% |
| Carnegie, Allison J | Trustee | Dec 2021 | B | GP / trustee / elected manager of Allison J. Carnegie, Trustee Of The Carnegie Family Trust (indirect) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $1.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Context Partners Master Fund, Lp | Hedge Fund | $1.2B | $1.0M | 526 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/10/2026 | 1.43 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 10, 2026.
View current Form ADV (SEC/IAPD) ↗