Fund HoldingsWHITEBOX ADVISORS LLC

Total Portfolio Value
$6.95B
Total Bought
$1.37B
Total Sold
$1.10B
Net Transaction
+$268.48M
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
WESTERN DIGITAL CORP(WDC)000936,9291,463,13621.06%+526,207
LUMENTUM HLDGS INC(LITE)000377,285716,14510.31%+338,860
ISHARES TR(Put)0750,000+750,0000186,000+186,000
ECHOSTAR CORP(ECHO)000183,490365,0585.26%+181,568
PENUMBRA INC(PEN)0445,001+445,0010146,1252.10%+146,125
WEBSTER FINL CORP(WBS)01,925,001+1,925,0010133,6341.92%+133,634
LUMENTUM HLDGS INC(LITE)000132,722226,8973.27%+94,175
VALARIS LTD(VAL)0583,937+583,937057,2490.82%+57,249
TERNS PHARMACEUTICALS INC01,000,001+1,000,001052,7200.76%+52,720
NEBIUS GROUP N.V.(NBIS)(Put)0500,000+500,000051,880+51,880
APPLE INC(AAPL)(Put)0200,000+200,000050,758+50,758
MASIMO CORP0270,001+270,001048,0250.69%+48,025
STRATEGY INC(MSTR)000045,1950.65%+45,195
SUPER MICRO COMPUTER INC(SMCI)(Put)2,100,0004,600,000+2,500,00061,467104,742+43,275
CHART INDS INC(GTLS)560,001758,887+198,886115,489156,9002.26%+41,411
ORACLE CORP(ORCL)0900,000+900,000040,5090.58%+40,509
SPHERE ENTERTAINMENT CO(SPHR)000182,454216,7983.12%+34,344
CARNIVAL PLC
ADS
01,300,036+1,300,036033,5020.48%+33,502
WARNER BROS DISCOVERY INC(WBD)400,0011,615,001+1,215,00011,52844,3480.64%+32,820
WARNER BROS DISCOVERY INC(WBD)(Put)01,100,000+1,100,000030,206+30,206
TESLA INC(TSLA)(Put)075,000+75,000027,881+27,881
TERNS PHARMACEUTICALS INC(Put)0500,000+500,000026,360+26,360
LUMENTUM HLDGS INC(LITE)030,773+30,773021,6260.31%+21,626
FLUENCE ENERGY INC(FLNC)000020,0800.29%+20,080
COINBASE GLOBAL INC(COIN)0000111,6021.61%+111,602
SM ENERGY COMPANY(SM)0602,301+602,301018,7800.27%+18,780
STATE STR SPDR S&P 500 ETF T(SPY)(Put)0500,000+500,0000325,170+325,170
LIBERTY LIVE HOLDINGS INC(LLYVA)0161,429+161,429015,1920.22%+15,192
MARA HOLDINGS INC(MARA)000042,3010.61%+42,301
MARA HOLDINGS INC(MARA)(Call)01,000,000+1,000,00008,160+8,160
IDEA ACQUISITION CORP0797,378+797,37807,9020.11%+7,902
HARVARD AVE ACQUISITION CORP0750,000+750,00007,5080.11%+7,508
PONO CAP FOUR INC
UNIT 03/11/2031
0700,000+700,00006,9860.10%+6,986
X3 ACQUISITION CORP LTD0700,000+700,00006,8880.10%+6,888
TAIWAN SEMICONDUCTOR MANUFAC(TSM)(Put)200,000200,000060,77867,590+6,812
MARA HOLDINGS INC(MARA)00055,04261,6080.89%+6,566
CHORD ENERGY CORPORATION(CHRD)0159,476+159,476022,6740.33%+22,674
ARMADA ACQUISITION CORP III0550,000+550,00005,4780.08%+5,478
STRATEGY INC(MSTR)00066,34871,8001.03%+5,453
D BORAL ACQUISITION I CORP0500,000+500,00004,9300.07%+4,930
ON SEMICONDUCTOR CORP(ON)00004,8880.07%+4,888
HCM IV ACQUISITION CORP0450,000+450,00004,5140.06%+4,514
NUTANIX INC(NTNX)00004,5080.06%+4,508
AVERIN CAP ACQUISITION CORP
UNIT 01/30/2031
0450,000+450,00004,5000.06%+4,500
ILLUMINATION ACQUISITIO CORP0450,000+450,00004,4640.06%+4,464
TGE VALUE CREATIVE SOLUTIONS0450,000+450,00004,4460.06%+4,446
KENSINGTON CAP ACQUIST CORP
UNIT 99/99/9999
0400,000+400,00004,0160.06%+4,016
MILUNA ACQUISITION CORP0400,000+400,00004,0040.06%+4,004
COLUMBUS CIRCLE CAP CORP II
UNIT 02/11/2031
0400,000+400,00003,9960.06%+3,996
FG IMPERII ACQUISITION CORP0400,000+400,00003,9960.06%+3,996
CAMBRIDGE ACQUISITION CORP0400,000+400,00003,9840.06%+3,984
PRAETORIAN ACQUISITION CORP0400,000+400,00003,9600.06%+3,960
SOREN ACQUISITION CORP0400,000+400,00003,9520.06%+3,952
MOUNTAIN LAKE ACQUISIT CORP
USD CL A ORD SHS
0400,000+400,00003,9380.06%+3,938
ALDABRA 4 LQDTY OPP VEH INC
CL A ORD SHS
0400,000+400,00003,9320.06%+3,932
BROOKFIELD CORP(BN)096,265+96,26503,8960.06%+3,896
RF ACQUISITION CORP III0387,000+387,00003,8310.06%+3,831
XSOLLA SPAC 10385,000+385,00003,8120.05%+3,812
IAC INC(PPLI)0217,383+217,38308,7020.13%+8,702
IRIS ACQUISITION CORP II0375,200+375,20003,6840.05%+3,684
APEX TECH ACQUISITION INC0350,000+350,00003,5040.05%+3,504
FUTURE MONEY ACQUISITION COR
UNIT 03/16/2031
0350,000+350,00003,4950.05%+3,495
BLUE WTR ACQUISITION CORP IV
UNIT 99/99/9999
0350,000+350,00003,4720.05%+3,472
IRON HORSE ACQUISIT II CORP0350,000+350,00003,4510.05%+3,451
LAFAYETTE DIGITAL ACQUISITIO
ORD CLASS A
0350,000+350,00003,4510.05%+3,451
BITDEER TECHNOLOGIES GROUP(BTDR)(Put)0392,800+392,80003,398+3,398
COLOMBIER ACQUISITION CORP I
ORD SHS CL A
0300,000+300,00003,0180.04%+3,018
PROEM ACQUISITION CORP I0300,000+300,00003,0030.04%+3,003
CLEARTHINK 1 ACQUISITION COR
UNIT 01/26/2031
0300,000+300,00003,0000.04%+3,000
PALOMA ACQUISITION CORP I0300,000+300,00002,9940.04%+2,994
EVOLUTION GLOBAL ACQUISITION0300,000+300,00002,9880.04%+2,988
ABONY ACQUISITION CORP I0300,000+300,00002,9820.04%+2,982
GENERAL PURP ACQUISITION COR
USD CL A ORD SHS
0300,000+300,00002,9730.04%+2,973
LEGATO MERGER CORP IV0300,000+300,00002,9730.04%+2,973
AMERICAN DRIVE ACQUISITION C
USD CL A ORD SHS
0300,000+300,00002,9700.04%+2,970
LAUNCHPAD CADENZA ACQU CORP
USD CL A ORD SHS
0300,000+300,00002,9700.04%+2,970
VINE HILL CAP INVTS CORP II
CL A
0300,000+300,00002,9700.04%+2,970
ACTIVATE ENERGY ACQUISIT COR
CL A ORD SHS
0300,000+300,00002,9670.04%+2,967
MESHFLOW ACQUISITION CORP0300,000+300,00002,9670.04%+2,967
SILICON VY ACQUISITION CORP
CL A
0300,000+300,00002,9670.04%+2,967
WHITE PEARL ACQUISITION CORP0300,000+300,00002,9580.04%+2,958
KOSMOS ENERGY LTD(KOS)0002,1135,0670.07%+2,954
STRATEGY INC(MSTR)000046,0110.66%+46,011
NEWBRIDGE ACQUISITION LTD0280,000+280,00002,7640.04%+2,764
BLACK SPADE ACQUISITION III0276,200+276,20002,7180.04%+2,718
PIMCO NEW YORK MUN FD II0387,958+387,95802,6580.04%+2,658
BLACKROCK MUNIYIELD N Y QUAL0273,687+273,68702,6270.04%+2,627
LIBERTY BROADBAND CORP(LBRDA)01,477,741+1,477,741074,3301.07%+74,330
ISHARES INC083,755+83,75503,2150.05%+3,215
UNITED ACQUISITION CORP I0260,000+260,00002,5480.04%+2,548
TRANSOCEAN LTD(RIG)(Put)01,000,000+1,000,00006,630+6,630
SAFEGUARD ACQUISITION CORP0250,000+250,00002,4900.04%+2,490
MOZAYYX ACQUISITION CORP0250,000+250,00002,4880.04%+2,488
MUZERO ACQUISITION CORP0250,000+250,00002,4650.04%+2,465
M EVO GBL ACQUISITION CORP I
ORD SHS CL A
0250,000+250,00002,4630.04%+2,463
CLEARWAY ENERGY INC(CWEN)060,542+60,54202,3710.03%+2,371
COMMUNITY HEALTH SYS INC NEW03,127,884+3,127,88409,1960.13%+9,196
BLUEROCK ACQUISITION CORP0218,525+218,52502,1630.03%+2,163
CRANE HBR ACQUISITION CORP I
ORD SHS CL A
0217,635+217,63502,1570.03%+2,157
SOCIAL COMM PARTNERS CORP
ORD SHS CL A
0214,400+214,40002,1230.03%+2,123
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