Murchinson Ltd.
Follow13F filer, CIK 1838556, TORONTO, Ontario, Canada
Murchinson Ltd. reported $621,522,816 across 75 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 85.64% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001838556-26-000006
- Period
- 2025-12-31
- Reported value
- $622M
- Holdings
- 75
- Top 10 weight
- 85.64%
- New
- 42
- Sold out
- 63
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SUNCnew | +317,768 | $15.7M |
| DAYnew | +100,371 | $6.94M |
| RKTnew | +300,015 | $5.81M |
| NFLXnew | +50,000 | $4.69M |
| CLSTnew | +259,067 | $4.08M |
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 |
|---|---|---|
| TRPreduced | -3,066,000 | -$169M |
| NTRexited | -1,500,032 | -$123M |
| SPYexited | -97,500 | -$65M |
| MR COOPER GROUP INCexited | -54,547 | -$11.5M |
| VALEexited | -1,000,000 | -$9.71M |
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, Q4 2025
Share positions as resolved from 13F-HR 0001838556-26-000006, largest first. % of portfolio is the value over $186,321,705, 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 | 984,068 | $54.1M | 29.05% | -3,066,000 | Timeline | ||
| NNDMNANO DIMENSION LTD | 15,550,000 | $23.9M | 12.85% | 0 | Timeline | ||
| SUNCSUNOCOCORP LLC | 317,768 | $15.7M | 8.4% | new | Timeline | ||
| MCGAYORKVILLE ACQUISITION CORP. | 1,000,400 | $10.1M | 5.44% | 0 | Timeline | ||
| PTHSPELTHOS THERAPEUTICS INC | 289,479 | $8.97M | 4.82% | +9,479 | Timeline | ||
| DAYDAYFORCE INC | 100,371 | $6.94M | 3.73% | new | Timeline | ||
| RKTROCKET COS INC | 300,015 | $5.81M | 3.12% | new | Timeline | ||
| NFLXNETFLIX INC. | 50,000 | $4.69M | 2.52% | new | Timeline | ||
| CLSTCATALYST BANCORP INC | 259,067 | $4.08M | 2.19% | new | Timeline | ||
| ORMPORAMED PHARMACEUTICALS INC | 1,340,247 | $3.82M | 2.05% | -411,312 | Timeline | ||
| AUBATLANTIC UN BANKSHARES CORP | 106,874 | $3.77M | 2.02% | 0 | Timeline | ||
| GILGILDAN ACTIVEWEAR INC | 51,012 | $3.19M | 1.71% | new | Timeline | ||
| KVUEKENVUE INC | 150,000 | $2.59M | 1.39% | new | Timeline | ||
| TDAYUSA TODAY CO INC | 420,000 | $2.16M | 1.16% | -80,000 | Timeline | ||
| TASKTASKUS INC | 168,798 | $1.99M | 1.07% | -5,700 | Timeline | ||
| BMOBANK OF MONTREAL | 13,347 | $1.73M | 0.93% | new | Timeline | ||
| ABUSARBUTUS BIOPHARMA CORP | 275,000 | $1.32M | 0.71% | +75,000 | Timeline | ||
| NGDNEW GOLD INC | 100,000 | $871K | 0.47% | new | Timeline | ||
| WOLFWOLFSPEED INC | 49,553 | $863K | 0.46% | -27,861 | Timeline | ||
| GEN DIGITAL INCGEN DIGITAL INC | 111,569 | $504K | 0.27% | 0 | |||
| LNSRLENSAR INC | 31,110 | $362K | 0.19% | new | Timeline | ||
| NWBINORTHWEST BANCSHARES INC | 30,000 | $360K | 0.19% | 0 | Timeline | ||
| SPIRSPIRE GLOBAL INC | 40,008 | $300K | 0.16% | +15,008 | Timeline | ||
| BARKBARK INC | 490,043 | $295K | 0.16% | 0 | Timeline | ||
| CWHCAMPING WORLD HLDGS INC | 30,000 | $292K | 0.16% | new | Timeline | ||
| APREAPREA THERAPEUTICS INC | 340,139 | $290K | 0.16% | new | Timeline | ||
| TVATEXAS VENTURES ACQUISITION I | 25,000 | $266K | 0.14% | new | Timeline | ||
| ENBENBRIDGE INC | 5,144 | $246K | 0.13% | new | Timeline | ||
| RPTRITHM PPTY TR INC | 11,981 | $199K | 0.11% | new | Timeline | ||
| ENVXENOVIX CORPORATION | 25,000 | $183K | 0.1% | +12,000 | Timeline | ||
| PLCECHILDRENS PL INC NEW | 43,000 | $171K | 0.09% | +3,000 | Timeline | ||
| WENWENDYS CO | 18,000 | $150K | 0.08% | new | Timeline | ||
| CIOCITY OFFICE REIT INC | 14,400 | $101K | 0.05% | new | Timeline | ||
| EBEVENTBRITE INC | 22,500 | $100K | 0.05% | new | Timeline | ||
| DENNDENNYS CORP | 16,000 | $99.5K | 0.05% | new | Timeline | ||
| BYNDBEYOND MEAT INC | 105,001 | $86.1K | 0.05% | new | Timeline | ||
| PEWGRABAGUN DIGITAL HLDGS INC | 15,000 | $45.1K | 0.02% | new | Timeline | ||
| OPADOFFERPAD SOLUTIONS INC | 12,000 | $14.5K | 0.01% | new | Timeline | ||
| AMPLITECH GROUP INCAMPLITECH GROUP INC | 46,693 | $3.73K | <0.01% | new |
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 |
|---|---|---|---|---|
| TRPTC ENERGY CORP COM | put | 1,984,000 | $109M | +1,979,000 |
| WOLFWOLFSPEED INC COMMON STOCK | put | 3,834,800 | $66.8M | 0 |
| NTRNUTRIEN LTD Stock | put | 895,300 | $55.3M | new |
| SOBOSOUTH BOW CORP Stock | put | 1,467,400 | $40.3M | new |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 50,000 | $34.1M | new |
| ORCLORACLE CORP COM | call | 100,000 | $19.5M | new |
| MSTRSTRATEGY INC Stock | put | 100,000 | $15.2M | new |
| RYROYAL BK CDA Stock | call | 62,300 | $10.6M | -88,800 |
| RYROYAL BK CDA Stock | put | 53,300 | $9.09M | -97,800 |
| TDTORONTO DOMINION BK ONT Stock | put | 90,000 | $8.48M | +19,000 |
| TDTORONTO DOMINION BK ONT Stock | call | 90,000 | $8.48M | +19,000 |
| MRNAMODERNA INC COM | put | 200,000 | $5.9M | new |
| PYPLPAYPAL HLDGS INC STOK | call | 100,000 | $5.84M | new |
| RKTROCKET COS INC COM CL A | put | 300,000 | $5.81M | 0 |
| BMOBANK OF MONTREAL Stock | put | 42,500 | $5.52M | +12,500 |
| BMOBANK OF MONTREAL Stock | call | 42,500 | $5.52M | +12,500 |
| FLRFLUOR CORP COM | put | 100,000 | $3.96M | new |
| PFEPFIZER INC COM | call | 150,000 | $3.73M | new |
| NTRNUTRIEN LTD Stock | call | 52,300 | $3.23M | new |
| ENBENBRIDGE INC Stock | call | 60,000 | $2.87M | new |
| AEMAGNICO EAGLE MINES LTD Stock | put | 15,000 | $2.54M | -22,800 |
| AEMAGNICO EAGLE MINES LTD Stock | call | 15,000 | $2.54M | -22,800 |
| RICKRCI HOSPITALITY HLDGS INC COMMON STOCK | call | 100,000 | $2.38M | new |
| BBARRICK MNG CORP COM SHS | put | 43,200 | $1.88M | new |
| BBARRICK MNG CORP COM SHS | call | 43,200 | $1.88M | new |
| ABUSARBUTUS BIOPHARMA CORP Common Shares, without par value | call | 222,900 | $1.07M | 0 |
| ENBENBRIDGE INC Stock | put | 20,000 | $957K | new |
| BCEBCE INC Stock | put | 37,500 | $893K | +12,500 |
| BCEBCE INC Stock | call | 37,500 | $893K | +12,500 |
| BYNDBEYOND MEAT INC COM | put | 327,300 | $268K | -511,900 |
| CMCANADIAN IMPERIAL BANK OF CO Stock | put | 2,700 | $245K | new |
| CMCANADIAN IMPERIAL BANK OF CO Stock | call | 2,700 | $245K | new |
| Reviva Pharmaceuticals Hold…Reviva Pharmaceuticals Holdings I… Common Stock | call | 250,000 | $70K | new |
| NFENEW FORTRESS ENERGY INC COM CL A | put | 31,500 | $35.9K | 0 |
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 |
|---|---|---|---|---|
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 250,000 | $25.2M | 0 |
| BEYOND MEAT INCBEYOND MEAT INC DEBT 10/1 | principal | 461,000 | $372K | new |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NTRNUTRIEN LTD | 1,500,032 | $123M | shares |
| SPYSTATE STR SPDR S&P 500 ETF T | 97,500 | $65M | shares |
| MR COOPER GROUP INCMR COOPER GROUP INC | 54,547 | $11.5M | shares |
| VALEVALE S A | 1,000,000 | $9.71M | shares |
| HOODROBINHOOD MKTS INC | 50,000 | $7.16M | put |
| UECURANIUM ENERGY CORP | 500,000 | $6.67M | call |
| OKLOOKLO INC | 50,000 | $5.58M | put |
| FSLRFIRST SOLAR INC | 25,000 | $5.51M | call |
| CNICANADIAN NATL RY CO | 56,500 | $5.33M | put |
| CNICANADIAN NATL RY CO | 56,500 | $5.33M | call |
| INTCINTEL CORP | 150,000 | $5.03M | call |
| IRENIREN LIMITED | 100,000 | $4.69M | put |
| RGTIRIGETTI COMPUTING INC | 150,000 | $4.47M | put |
| GLOBAL PMTS INCGLOBAL PMTS INC | 4,000,000 | $3.66M | principal |
| FIGRFIGURE TECHNOLOGY SOLUTIO | 100,000 | $3.64M | call |
| DFDVDEFI DEVELOPMENT CORP | 200,000 | $3.06M | put |
| VERITONE INCVERITONE INC | 4,000,000 | $3.03M | principal |
| YPFYPF SOCIEDAD ANONIMA | 100,000 | $2.43M | shares |
| CPCANADIAN PACIFIC KANSAS CITY | 32,500 | $2.42M | put |
| CPCANADIAN PACIFIC KANSAS CITY | 32,500 | $2.42M | call |
| BEYOND MEAT INCBEYOND MEAT INC | 11,000,000 | $2.19M | principal |
| Surmodics IncSurmodics Inc | 52,981 | $1.58M | shares |
| IMOIMPERIAL OIL LTD | 17,300 | $1.57M | put |
| IMOIMPERIAL OIL LTD | 17,300 | $1.57M | call |
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 40,000 | $1.54M | shares |
| SNAPSNAP INC | 200,000 | $1.54M | call |
| MBXMBX BIOSCIENCES INC | 80,000 | $1.4M | shares |
| EMSMART SH GLOBAL LTD | 1,000,000 | $1.35M | shares |
| IAGIAMGOLD CORP | 100,000 | $1.29M | shares |
| SUSUNCOR ENERGY INC NEW | 25,000 | $1.05M | put |
| SUSUNCOR ENERGY INC NEW | 25,000 | $1.05M | call |
| QSRRESTAURANT BRANDS INTL INC | 15,900 | $1.02M | put |
| QSRRESTAURANT BRANDS INTL INC | 15,900 | $1.02M | call |
| KYIVKYIVSTAR GROUP LTD | 75,000 | $938K | put |
| DPRODRAGANFLY INC. | 100,000 | $881K | call |
| LACLITHIUM AMERS CORP NEW | 150,000 | $856K | call |
| RAMPLIVERAMP HLDGS INC | 30,000 | $814K | shares |
| KLARKLARNA GROUP PLC | 20,000 | $733K | shares |
| LUMNLUMEN TECHNOLOGIES INC | 118,200 | $723K | put |
| PERIPERION NETWORK LTD | 71,295 | $684K | shares |
| STAASTAAR SURGICAL CO | 25,000 | $672K | shares |
| ADURADURO CLEAN TECHNOLOGIES INC | 44,396 | $595K | shares |
| HUTHUT 8 CORP | 15,000 | $522K | shares |
| RXRXRECURSION PHARMACEUTICALS IN | 100,000 | $488K | call |
| FTEKFUEL TECH INC | 150,000 | $450K | shares |
| LEXXLEXARIA BIOSCIENCE CORP | 419,590 | $400K | shares |
| HTZHERTZ GLOBAL HLDGS INC | 57,446 | $391K | shares |
| OPENOPENDOOR TECHNOLOGIES INC | 42,000 | $335K | shares |
| SPIRSPIRE GLOBAL INC | 29,600 | $325K | call |
| STKESOL STRATEGIES INC | 67,701 | $294K | shares |
| BAMBROOKFIELD ASSET MANAGMT LTD | 5,000 | $285K | put |
| BAMBROOKFIELD ASSET MANAGMT LTD | 5,000 | $285K | call |
| TRPTC ENERGY CORP | 5,000 | $272K | call |
| MBBCMARATHON BANCORP INC | 22,802 | $238K | shares |
| CGCCANOPY GROWTH CORPORATION | 150,000 | $219K | shares |
| Vital Energy IncVital Energy Inc | 12,100 | $204K | shares |
| Rithm Property Trust IncRithm Property Trust Inc | 71,888 | $181K | shares |
| HANESBRANDS INCHANESBRANDS INC | 16,000 | $105K | shares |
| AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC | 10,100 | $100K | shares |
| PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INC | 13,000 | $100K | shares |
| WIDEOPENWEST INCWIDEOPENWEST INC | 19,400 | $100K | shares |
| VIMEO INCVIMEO INC | 12,900 | $100K | shares |
| BAYARBAYVIEW ACQUISITION CORP | 159,418 | $25.5K | shares |
How Q4 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 0001838556-26-000006 | base | 2026-02-17 | acceptance time not in the bulk data set |