Fund HoldingsWHITEBOX ADVISORS LLC

Total Portfolio Value
$5.85B
Total Bought
$965.57M
Total Sold
$930.10M
Net Transaction
+$35.47M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
WESTERN DIGITAL CORP(WDC)000655,613936,92916.01%+281,316
LUMENTUM HLDGS INC(LITE)000160,358377,2856.45%+216,927
APPLIED DIGITAL CORP(APLD)0000163,9322.80%+163,932
NVIDIA CORPORATION(NVDA)(Put)200,0001,000,000+800,00037,316186,500+149,184
CADENCE BANK03,000,001+3,000,0010128,5202.20%+128,520
CENTRUS ENERGY CORP(LEU)0000122,2312.09%+122,231
COMERICA INC01,250,001+1,250,0010108,6631.86%+108,663
ALIBABA GROUP HLDG LTD(BABA)000129,927232,7953.98%+102,867
LUMENTUM HLDGS INC(LITE)00043,409132,7222.27%+89,314
UPSTART HLDGS INC(UPST)000088,2001.51%+88,200
ECHOSTAR CORP(ECHO)000103,817183,4903.13%+79,673
STRATEGY INC(MSTR)000066,3481.13%+66,348
WOLFSPEED INC(WOLF)(Put)4,000,0004,000,00004,84069,640+64,800
SNOWFLAKE INC(SNOW)000131,826193,4743.31%+61,648
MARA HOLDINGS INC(MARA)000061,5681.05%+61,568
TAIWAN SEMICONDUCTOR MFG LTD(TSM)(Put)0200,000+200,000060,778+60,778
SPHERE ENTERTAINMENT CO(SPHR)000125,908182,4543.12%+56,546
MARA HOLDINGS INC(MARA)000055,0420.94%+55,042
UPSTART HLDGS INC(UPST)000052,9110.90%+52,911
CHART INDS INC(GTLS)317,606560,001+242,39563,569115,4891.97%+51,920
CLEANSPARK INC(CLSK)000046,6880.80%+46,688
OMEROS CORP00013,72054,0310.92%+40,311
PALANTIR TECHNOLOGIES INC(PLTR)(Put)0200,000+200,000035,550+35,550
CONFLUENT INC01,054,747+1,054,747031,8960.54%+31,896
EXACT SCIENCES CORP(EXK)0307,001+307,001031,1790.53%+31,179
WOLFSPEED INC(WOLF)000030,9150.53%+30,915
COINBASE GLOBAL INC(COIN)000060,8681.04%+60,868
CIDARA THERAPEUTICS INC0125,001+125,001027,6110.47%+27,611
SPDR SERIES TRUST(Put)
SP O&G EXPL PRO
0200,000+200,000025,252+25,252
IREN LIMITED(IREN)000023,9020.41%+23,902
RIVIAN AUTOMOTIVE INC(RIVN)000072,5051.24%+72,505
ISHARES BITCOIN TRUST ETF(IBIT)(Put)2,000,0003,000,000+1,000,000130,000148,950+18,950
GRANITE CONSTR INC(GVA)000015,9500.27%+15,950
WARNER BROS DISCOVERY INC(WBD)0400,001+400,001011,5280.20%+11,528
WARNER BROS DISCOVERY INC(WBD)(Call)0350,000+350,000010,087+10,087
TRIP COM GROUP LTD(TCOM)000135,097144,8742.47%+9,777
WOLFSPEED INC(WOLF)(Call)0600,000+600,000010,446+10,446
CYBERARK SOFTWARE LTD138,001171,001+33,00066,67576,2771.30%+9,602
FOX CORP(FOX)422,182518,428+96,24624,18733,6620.58%+9,475
ZOETIS INC(ZTS)074,223+74,22309,3390.16%+9,339
RYANAIR HOLDINGS PLC(RYAAY)0116,658+116,65808,4220.14%+8,422
GIGCAPITAL8 CORP0800,000+800,00007,9120.14%+7,912
T1 ENERGY INC(TE)00007,6480.13%+7,648
HARVARD AVE ACQUISITION CORP0750,000+750,00007,5680.13%+7,568
HERBALIFE LTD(HLF)000034,8100.59%+34,810
RIVIAN AUTOMOTIVE INC(RIVN)(Put)01,456,300+1,456,300028,704+28,704
LUMEN TECHNOLOGIES INC(LUMN)(Put)4,300,0004,300,000026,31633,411+7,095
CHECK POINT SOFTWARE TECH LT
ORD
036,630+36,63006,7970.12%+6,797
ELECTRA BATTERY MATERIALS CO08,564,004+8,564,00406,9280.12%+6,928
WAYFAIR INC(W)00059,19865,3371.12%+6,138
VANECK ETF TRUST(Put)
OIL SERVICES ETF
0227,700+227,700064,842+64,842
SOLARIS ENERGY INFRAS INC(SEI)00005,4060.09%+5,406
RANGE CAP ACQUISITION CORP I
CL A ORD SHS
0500,000+500,00004,9900.09%+4,990
AA MISSION ACQUISITION CORP
ORD SHS CL A
0500,000+500,00004,9810.09%+4,981
BROOKFIELD RENEWABLE PARTNER
PARTNERSHIP UNIT
0170,000+170,00004,5850.08%+4,585
TGE VALUE CREATIVE SOLUTIONS0450,000+450,00004,4730.08%+4,473
DRUGS MADE IN AMER ACQ II CO
USD ORD SHS
0450,000+450,00004,4550.08%+4,455
HERBALIFE LTD(HLF)(Put)0970,000+970,000012,503+12,503
BAUSCH PLUS LOMB CORP0951,213+951,213016,2470.28%+16,247
LAKE SUPERIOR ACQUISITION CO0405,103+405,10304,0190.07%+4,019
MILUNA ACQUISITION CORP0400,000+400,00003,9960.07%+3,996
EMMIS ACQUISITION CORP.0400,000+400,00003,9800.07%+3,980
SUPER MICRO COMPUTER INC(SMCI)(Put)1,200,0002,100,000+900,00057,52861,467+3,939
OTG ACQUISITION CORP. I0350,000+350,00003,5000.06%+3,500
IRON HORSE ACQUISIT CORP II0350,000+350,00003,4810.06%+3,481
TALON CAP CORP
ORD SHS CL A
0300,000+300,00003,0330.05%+3,033
MGM RESORTS INTERNATIONAL(MGM)214,161286,050+71,8897,42310,4380.18%+3,015
EVOLUTION GLOBAL ACQUISITION0300,000+300,00003,0150.05%+3,015
VINE HILL CAP INVTS CORP II
UNIT 11/25/2030
0300,000+300,00003,0060.05%+3,006
GENERAL PURP ACQUISITION COR
UNIT 12/03/2030
0300,000+300,00003,0030.05%+3,003
LAUNCHPAD CADENZA ACQUISITIO
UNIT 12/15/2030
0300,000+300,00002,9940.05%+2,994
AMERICAN DRIVE ACQUISITION C
UNIT 12/04/2030
0300,000+300,00002,9910.05%+2,991
SILICON VY ACQUISITION CORP
UNIT 12/08/2030
0300,000+300,00002,9840.05%+2,984
APEX TREAS CORP
ORD SHS CL A
0300,000+300,00002,9670.05%+2,967
ENCORE CAP GROUP INC(ECPG)00049,37352,1680.89%+2,795
CHENGHE ACQUISITION III CO0275,000+275,00002,7420.05%+2,742
SAFEGUARD ACQUISITION CORP0250,000+250,00002,5210.04%+2,521
LAFAYETTE ACQUISITION CORP0250,000+250,00002,4750.04%+2,475
VIKING ACQUISITION CORP I0250,000+250,00002,4750.04%+2,475
WESTIN ACQUISITION CORP0250,000+250,00002,4730.04%+2,473
INVEST GREEN ACQUISITION COR
CL A ORD SHS
0250,000+250,00002,4600.04%+2,460
CRANE HBR ACQUISITION CORP I
UNIT 12/09/2030
0217,635+217,63502,1920.04%+2,192
BLUEROCK ACQUISITION CORP0218,525+218,52502,1850.04%+2,185
SOCIAL COMM PARTNERS CORP
UNIT 11/24/2030
0214,400+214,40002,1440.04%+2,144
KOSMOS ENERGY LTD(KOS)00002,1130.04%+2,113
SILVERBOX CORP V0206,900+206,90002,0810.04%+2,081
ALUSSA ENERGY ACQUISITION CO
UNIT 99/99/9999
0200,000+200,00002,0200.03%+2,020
BLUEPORT ACQUISITION LTD0200,000+200,00002,0180.03%+2,018
DAEDALUS SPL ACQUISITION COR
UNIT 11/10/2030
0200,000+200,00002,0080.03%+2,008
MESHFLOW ACQUISITION CORP0200,000+200,00002,0000.03%+2,000
ACTIVATE ENERGY ACQUISITION
UNIT 11/10/2030
0200,000+200,00001,9990.03%+1,999
BITCOIN INFRASTRUCTURE ACQUI
UNIT 11/06/2030
0200,000+200,00001,9920.03%+1,992
GALATA ACQUISITION CORP II0200,000+200,00001,9920.03%+1,992
CALISA ACQUISITION CORP0200,000+200,00001,9860.03%+1,986
DYNAMIX CORP III0200,000+200,00001,9780.03%+1,978
SAREPTA THERAPEUTICS INC(SRPT)(Put)810,800810,800015,62417,448+1,824
JETBLUE AWYS CORP(JBLU)(Call)01,750,000+1,750,00007,963+7,963
ISHARES INC0113,456+113,45604,5840.08%+4,584
SNOWFLAKE INC(SNOW)000198,782200,4683.42%+1,686
AMC NETWORKS INC00022,60324,1930.41%+1,590
Page 1 of 1