Murchinson Ltd.
Follow13F filer, CIK 1838556, TORONTO, Ontario, Canada
Murchinson Ltd. reported $788,199,418 across 96 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 92.93% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001838556-25-000011
- Period
- 2025-09-30
- Reported value
- $788M
- Holdings
- 96
- Top 10 weight
- 92.93%
- New
- 74
- Sold out
- 40
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TRPnew | +4,050,068 | $220M |
| NTRnew | +1,500,032 | $123M |
| SPYnew | +97,500 | $65M |
| MCGAnew | +1,000,400 | $10.7M |
| PTHSnew | +280,000 | $7.84M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SOBOexited | -1,231,600 | -$31.9M |
| ENSTAR GROUP LIMITEDexited | -46,709 | -$15.7M |
| GLDexited | -50,000 | -$15.2M |
| ANSYS INC COMexited | -21,313 | -$7.49M |
| GOOGexited | -41,250 | -$7.32M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q3 2025
Share positions as resolved from 13F-HR 0001838556-25-000011, largest first. % of portfolio is the value over $516,990,405, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| TRPTC ENERGY CORP | 4,050,068 | $220M | 42.62% | new | Timeline | ||
| NTRNUTRIEN LTD | 1,500,032 | $123M | 23.71% | new | Timeline | ||
| SPYSTATE STR SPDR S&P 500 ETF T | 97,500 | $65M | 12.56% | new | Timeline | ||
| NNDMNANO DIMENSION LTD | 15,550,000 | $24.4M | 4.72% | 0 | Timeline | ||
| MR COOPER GROUP INCMR COOPER GROUP INC | 54,547 | $11.5M | 2.22% | +36,670 | |||
| MCGAYORKVILLE ACQUISITION CORP. | 1,000,400 | $10.7M | 2.06% | new | Timeline | ||
| VALEVALE S A | 1,000,000 | $9.71M | 1.88% | 0 | Timeline | ||
| PTHSPELTHOS THERAPEUTICS INC | 280,000 | $7.84M | 1.52% | new | Timeline | ||
| ORMPORAMED PHARMACEUTICALS INC | 1,751,559 | $4.62M | 0.89% | 0 | Timeline | ||
| AUBATLANTIC UN BANKSHARES CORP | 106,874 | $3.77M | 0.73% | 0 | Timeline | ||
| TASKTASKUS INC | 174,498 | $3.11M | 0.6% | new | Timeline | ||
| YPFYPF SOCIEDAD ANONIMA | 100,000 | $2.43M | 0.47% | new | Timeline | ||
| WOLFWOLFSPEED INC | 77,414 | $2.21M | 0.43% | new | Timeline | ||
| TDAYUSA TODAY CO INC | 500,000 | $2.06M | 0.4% | -40,000 | Timeline | ||
| Surmodics IncSurmodics Inc | 52,981 | $1.58M | 0.31% | +81 | |||
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 40,000 | $1.54M | 0.3% | -10,000 | Timeline | ||
| MBXMBX BIOSCIENCES INC | 80,000 | $1.4M | 0.27% | new | Timeline | ||
| EMSMART SH GLOBAL LTD | 1,000,000 | $1.35M | 0.26% | new | Timeline | ||
| IAGIAMGOLD CORP | 100,000 | $1.29M | 0.25% | new | Timeline | ||
| ABUSARBUTUS BIOPHARMA CORP | 200,000 | $908K | 0.18% | new | Timeline | ||
| GEN DIGITAL INCGEN DIGITAL INC | 111,569 | $824K | 0.16% | 0 | |||
| RAMPLIVERAMP HLDGS INC | 30,000 | $814K | 0.16% | new | Timeline | ||
| KLARKLARNA GROUP PLC | 20,000 | $733K | 0.14% | new | Timeline | ||
| PERIPERION NETWORK LTD | 71,295 | $684K | 0.13% | new | Timeline | ||
| STAASTAAR SURGICAL CO | 25,000 | $672K | 0.13% | new | Timeline | ||
| ADURADURO CLEAN TECHNOLOGIES INC | 44,396 | $595K | 0.12% | new | Timeline | ||
| HUTHUT 8 CORP | 15,000 | $522K | 0.1% | new | Timeline | ||
| FTEKFUEL TECH INC | 150,000 | $450K | 0.09% | new | Timeline | ||
| BARKBARK INC | 490,043 | $407K | 0.08% | +80,000 | Timeline | ||
| LEXXLEXARIA BIOSCIENCE CORP | 419,590 | $400K | 0.08% | new | Timeline | ||
| HTZHERTZ GLOBAL HLDGS INC | 57,446 | $391K | 0.08% | +16,712 | Timeline | ||
| NWBINORTHWEST BANCSHARES INC | 30,000 | $372K | 0.07% | new | Timeline | ||
| OPENOPENDOOR TECHNOLOGIES INC | 42,000 | $335K | 0.06% | new | Timeline | ||
| STKESOL STRATEGIES INC | 67,701 | $294K | 0.06% | new | Timeline | ||
| SPIRSPIRE GLOBAL INC | 25,000 | $275K | 0.05% | new | Timeline | ||
| PLCECHILDRENS PL INC NEW | 40,000 | $248K | 0.05% | -19,983 | Timeline | ||
| MBBCMARATHON BANCORP INC | 22,802 | $238K | 0.05% | -6 | Timeline | ||
| CGCCANOPY GROWTH CORPORATION | 150,000 | $219K | 0.04% | 0 | Timeline | ||
| Vital Energy IncVital Energy Inc | 12,100 | $204K | 0.04% | new | |||
| Rithm Property Trust IncRithm Property Trust Inc | 71,888 | $181K | 0.04% | 0 | |||
| ENVXENOVIX CORPORATION | 13,000 | $130K | 0.03% | -24,000 | Timeline | ||
| HANESBRANDS INCHANESBRANDS INC | 16,000 | $105K | 0.02% | new | |||
| AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC | 10,100 | $100K | 0.02% | new | |||
| PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INC | 13,000 | $100K | 0.02% | new | |||
| WIDEOPENWEST INCWIDEOPENWEST INC | 19,400 | $100K | 0.02% | new | |||
| VIMEO INCVIMEO INC | 12,900 | $100K | 0.02% | new | |||
| BAYARBAYVIEW ACQUISITION CORP | 159,418 | $25.5K | <0.01% | -90,783 | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| WOLFWOLFSPEED INC COMMON STOCK | put | 3,834,800 | $110M | new |
| RYROYAL BK CDA Stock | put | 151,100 | $22.3M | new |
| RYROYAL BK CDA Stock | call | 151,100 | $22.3M | new |
| HOODROBINHOOD MKTS INC COM | put | 50,000 | $7.16M | new |
| UECURANIUM ENERGY CORP Stock | call | 500,000 | $6.67M | new |
| AEMAGNICO EAGLE MINES LTD Stock | put | 37,800 | $6.37M | new |
| AEMAGNICO EAGLE MINES LTD Stock | call | 37,800 | $6.37M | new |
| RKTROCKET COS INC COM CL A | put | 300,000 | $5.81M | new |
| TDTORONTO DOMINION BK ONT Stock | put | 71,000 | $5.68M | new |
| TDTORONTO DOMINION BK ONT Stock | call | 71,000 | $5.68M | new |
| OKLOOKLO INC Stock | put | 50,000 | $5.58M | new |
| FSLRFIRST SOLAR INC Stock | call | 25,000 | $5.51M | new |
| CNICANADIAN NATL RY CO STOK | put | 56,500 | $5.33M | new |
| CNICANADIAN NATL RY CO STOK | call | 56,500 | $5.33M | new |
| INTCINTEL CORP COM | call | 150,000 | $5.03M | new |
| IRENIREN LIMITED STOK | put | 100,000 | $4.69M | new |
| RGTIRIGETTI COMPUTING INC Stock | put | 150,000 | $4.47M | new |
| BMOBANK OF MONTREAL Stock | put | 30,000 | $3.91M | new |
| BMOBANK OF MONTREAL Stock | call | 30,000 | $3.91M | new |
| FIGRFIGURE TECHNOLOGY SOLUTIO COM CL A | call | 100,000 | $3.64M | new |
| DFDVDEFI DEVELOPMENT CORP COM | put | 200,000 | $3.06M | new |
| CPCANADIAN PACIFIC KANSAS CITY Stock | put | 32,500 | $2.42M | new |
| CPCANADIAN PACIFIC KANSAS CITY Stock | call | 32,500 | $2.42M | new |
| BYNDBEYOND MEAT INC COM | put | 839,200 | $1.59M | 0 |
| IMOIMPERIAL OIL LTD Stock | put | 17,300 | $1.57M | new |
| IMOIMPERIAL OIL LTD Stock | call | 17,300 | $1.57M | new |
| SNAPSNAP INC CL A | call | 200,000 | $1.54M | new |
| SUSUNCOR ENERGY INC NEW Stock | put | 25,000 | $1.05M | new |
| SUSUNCOR ENERGY INC NEW Stock | call | 25,000 | $1.05M | new |
| QSRRESTAURANT BRANDS INTL INC Stock | put | 15,900 | $1.02M | new |
| QSRRESTAURANT BRANDS INTL INC Stock | call | 15,900 | $1.02M | new |
| ABUSARBUTUS BIOPHARMA CORP Common Shares, without par value | call | 222,900 | $1.01M | new |
| KYIVKYIVSTAR GROUP LTD ORD SHS | put | 75,000 | $938K | new |
| DPRODRAGANFLY INC. COM | call | 100,000 | $881K | new |
| LACLITHIUM AMERS CORP NEW Stock | call | 150,000 | $856K | new |
| LUMNLUMEN TECHNOLOGIES INC COM | put | 118,200 | $723K | 0 |
| BCEBCE INC Stock | put | 25,000 | $585K | new |
| BCEBCE INC Stock | call | 25,000 | $585K | new |
| RXRXRECURSION PHARMACEUTICALS IN CL A | call | 100,000 | $488K | new |
| SPIRSPIRE GLOBAL INC COMMON STOCK | call | 29,600 | $325K | new |
| BAMBROOKFIELD ASSET MANAGMT LTD Stock | put | 5,000 | $285K | new |
| BAMBROOKFIELD ASSET MANAGMT LTD Stock | call | 5,000 | $285K | new |
| TRPTC ENERGY CORP COM | put | 5,000 | $272K | new |
| TRPTC ENERGY CORP COM | call | 5,000 | $272K | new |
| NFENEW FORTRESS ENERGY INC COM CL A | put | 31,500 | $69.6K | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 4,000,000 | $3.66M | -1,000,000 |
| VERITONE INCVERITONE INC NOTE 1.750%11/1 | principal | 4,000,000 | $3.03M | new |
| BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1 | principal | 11,000,000 | $2.19M | -2,000,000 |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 250,000 | $263K | 0 |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 150,000 | $92.7M | call |
| SOBOSOUTH BOW CORP | 1,231,600 | $31.9M | shares |
| ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED | 46,709 | $15.7M | shares |
| GLDSPDR GOLD TR | 50,000 | $15.2M | shares |
| ANSYS INC COMANSYS INC COM | 21,313 | $7.49M | shares |
| GOOGALPHABET INC | 41,250 | $7.32M | shares |
| AZEK CO INCAZEK CO INC | 100,000 | $5.43M | shares |
| VZLAVIZSLA SILVER CORP | 1,670,000 | $4.93M | shares |
| MCDMCDONALDS CORP | 15,000 | $4.38M | shares |
| AMDADVANCED MICRO DEVICES INC | 25,000 | $3.55M | shares |
| HESS CORPHESS CORP | 25,584 | $3.54M | shares |
| REDFIN CORPREDFIN CORP | 285,052 | $3.19M | shares |
| SKXSKECHERS U S A INC | 50,000 | $3.15M | shares |
| DJTTRUMP MEDIA & TECHNOLOGY GRO | 150,006 | $2.71M | shares |
| SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC | 50,000 | $2.35M | shares |
| MSOSADVISORSHARES TR | 671,300 | $1.62M | shares |
| TSLATESLA INC | 5,000 | $1.59M | shares |
| FLYYSPIRIT AVIATION HLDGS INC COM( | 304,258 | $1.52M | shares |
| CORZCORE SCIENTIFIC INC NEW | 83,600 | $1.43M | shares |
| ECVTECOVYST INC | 148,200 | $1.22M | shares |
| ASTSAST SPACEMOBILE INC | 25,000 | $1.17M | shares |
| CLFCLEVELAND-CLIFFS INC NEW | 150,000 | $1.14M | shares |
| REDWOOD TRUST INCREDWOOD TRUST INC | 1,000,000 | $997K | principal |
| IONQ INCIONQ INC | 29,277 | $923K | shares |
| OABIOMNIAB INC | 502,810 | $875K | shares |
| T-Rex 2X Long MSTR Daily Ta…T-Rex 2X Long MSTR Daily Target E… | 68,675 | $594K | shares |
| INBXINHIBRX BIOSCIENCES INC | 33,790 | $482K | shares |
| XIFRXPLR INFRASTRUCTURE LP | 50,000 | $410K | put |
| HITIHIGH TIDE INC | 173,204 | $398K | shares |
| GSATGLOBALSTAR INC | 14,000 | $330K | call |
| BNCBNB STANDARD CORP | 26,520 | $266K | shares |
| SCHNITZER STEEL INDUSTRIES …SCHNITZER STEEL INDUSTRIES INC | 7,000 | $208K | shares |
| WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC | 18,000 | $207K | shares |
| NXHNEIGHBORHOOD INTELLIGENCE IN | 24,000 | $165K | shares |
| TILRAY INCTILRAY INC | 400,000 | $164K | put |
| MICROALGO INCMICROALGO INC | 300,000 | $153K | shares |
| BTAIBIOXCEL THERAPEUTICS INC | 80,618 | $146K | shares |
| LAZRQLUMINAR TECHNOLOGIES INC. COM | 50,000 | $144K | call |
| LUCAS GC LTDLUCAS GC LTD | 100,000 | $107K | shares |
| XIFRXPLR INFRASTRUCTURE LP | 10,000 | $82K | call |
How Q3 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001838556-25-000011 | base | 2025-11-14 | acceptance time not in the bulk data set |