WHITEBOX ADVISORS LLC

13F filer, CIK 1257391, MINNEAPOLIS, MN

WHITEBOX ADVISORS LLC reported $3,483,447,060 across 273 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14. Its ten largest share positions make up 38.61% of the portfolio.

Filed 2025-02-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001257391-25-000002

Period: 2024-12-31
Reported value: $3.48B
Holdings: 273
Top 10 weight: 38.61%
New: 66
Sold out: 115

Stakes and trades reported after 2024-12-31

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

KLXE KLX ENERGY SERVICES HOLDINGS: 13D 13,055,633 shares, 12.4% of the class, 13D filed 2026-10-06, 0000905148-26-004377 Timeline
Accepted 2026-10-06 20:28:30 UTC, ingested 2026-10-06 20:29:49 UTC

Largest buys vs the previous quarter

Security	Shares change	Approx. value
BAPRAnew	+650,000	$39.6M
HESS CORPnew	+107,565	$14.3M
CIVIadded	+195,000	$8.94M
HDRNnew	+760,000	$7.6M
LBRDAadded	+88,145	$6.55M

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
LBRDKreduced	-1,329,743	-$99.4M
SIRIreduced	-799,987	-$18.2M
ACIreduced	-853,851	-$16.8M
BITOexited	-697,042	-$13.4M
TFPMreduced	-753,075	-$11.3M

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 2024

Share positions as resolved from 13F-HR 0001257391-25-000002, largest first. % of portfolio is the value over $2,716,119,292, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
LBRDKLIBERTY BROADBAND CORP	894,695	$66.9M	2.46%	-1,329,743	Timeline
PPLIPEOPLE INC	939,259	$40.5M	1.49%	+106,000	Timeline
BAPRABOEING CO	650,000	$39.6M	1.46%	new	Timeline
TFPMTRIPLE FLAG PRECIOUS METAL	2,301,628	$34.6M	1.27%	-753,075	Timeline
HEI-AHEICO CORP NEW	160,036	$29.8M	1.1%	+11,685	Timeline
GRFSGRIFOLS S A	3,947,631	$29.4M	1.08%	-273,852	Timeline
BLCOBAUSCH PLUS LOMB CORP	1,443,101	$26.1M	0.96%	+199,856	Timeline
CHRDCHORD ENERGY CORPORATION	185,264	$21.7M	0.8%	0	Timeline
GPORGULFPORT ENERGY CORP	115,596	$21.3M	0.78%	+11,616	Timeline
VALVALARIS LTD	459,111	$20.3M	0.75%	0	Timeline
UPWHEELS UP EXPERIENCE INC	40,036,505	$17.8M	0.66%	-2,650,014	Timeline
CIVICIVITAS RESOURCES INC	367,000	$16.8M	0.62%	+195,000	Timeline
LBRDALIBERTY BROADBAND CORP	206,296	$15.3M	0.56%	+88,145	Timeline
HESS CORPHESS CORP	107,565	$14.3M	0.53%	new
NENOBLE CORP PLC	365,083	$11.5M	0.42%	0	Timeline
DCHDAUCH CORP	1,892,723	$11M	0.41%	+477,550	Timeline
ACIALBERTSONS COMPANIES INC	503,831	$9.9M	0.36%	-853,851	Timeline
BHCBAUSCH HEALTH COS INC	1,190,809	$9.6M	0.35%	-245,978	Timeline
SIRISIRIUSXM HOLDINGS INC	376,735	$8.59M	0.32%	-799,987	Timeline
NCMINATIONAL CINEMEDIA INC	1,242,084	$8.25M	0.3%	-148,783	Timeline
HDRNGIGCAPITAL7 CORP	760,000	$7.6M	0.28%	new	Timeline
CYHCOMMUNITY HEALTH SYS INC NEW	2,300,111	$6.88M	0.25%	+837,338	Timeline
GTGOODYEAR TIRE & RUBR CO	700,055	$6.3M	0.23%	+7,027	Timeline
CSTMCONSTELLIUM SE	552,284	$5.67M	0.21%	+105,000	Timeline
SVCSERVICE PPTYS TR	2,144,899	$5.45M	0.2%	+1,504,297	Timeline
SIMASIM ACQUISITION CORP. I	500,000	$5.02M	0.18%	new	Timeline
AAMAA MISSION ACQUISITION COR-A	450,000	$4.54M	0.17%	0	Timeline
COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR	450,000	$4.5M	0.17%	new
GMGENERAL MTRS CO	75,798	$4.04M	0.15%	-84,978	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	400,000	$4.01M	0.15%	new
WILLOW LANE ACQUISITION CORPWILLOW LANE ACQUISITION CORP	400,000	$3.99M	0.15%	new
DRDBUROMAN DBDR ACQUISITION CORP	400,000	$3.99M	0.15%	new	Timeline
CHARCHARLTON ARIA ACQUISITION CO	399,000	$3.97M	0.15%	new	Timeline
BEAGBOLD EAGLE ACQUISITION CORP	400,000	$3.95M	0.15%	new	Timeline
NOEMUCO2 ENERGY TRANSITION CORP	390,000	$3.91M	0.14%	new	Timeline
DSMBNY MELLON STRATEGIC MUN BD	619,946	$3.6M	0.13%	+427,819	Timeline
LAUNCH TWO ACQUISITION CORP.LAUNCH TWO ACQUISITION CORP.	350,000	$3.52M	0.13%	new
THCTENET HEALTHCARE CORP	25,902	$3.27M	0.12%	+4,500	Timeline
CARAVIS BUDGET GROUP INC	39,733	$3.2M	0.12%	+6,730	Timeline
FTWEQV VENTURES ACQUISITION C-A	300,000	$2.99M	0.11%	new	Timeline
TAVITAVIA ACQUISITION CORP	300,000	$2.97M	0.11%	new	Timeline
VINE HILL CAP INVT CORP.VINE HILL CAP INVT CORP.	265,000	$2.67M	0.1%	0
TGNATEGNA INC	142,703	$2.61M	0.1%	+117,203	Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGS	1,854,586	$2.54M	0.09%	+47,100	Timeline
OACCUOAKTREE ACQUISITION CORP III	250,000	$2.53M	0.09%	new	Timeline
TONTGRAF GLOBAL CORP	250,000	$2.52M	0.09%	new	Timeline
LPAALAUNCH ONE ACQUISITION CORP	250,000	$2.51M	0.09%	new	Timeline
FACTUFACT II ACQUISITION CORP	250,000	$2.5M	0.09%	new	Timeline
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	250,000	$2.48M	0.09%	new
VMOINVESCO MUN OPPORTUNIT TR	254,394	$2.47M	0.09%	0	Timeline
NORDSTROM INCNORDSTROM INC	96,957	$2.34M	0.09%	-12,000
DMBBNY MELLON MUN BD INFRASTRUC	225,910	$2.34M	0.09%	+100,000	Timeline
MBIMBIA INC	344,431	$2.23M	0.08%	-500,000	Timeline
SBIWESTERN ASSET INTER MUNI	271,438	$2.1M	0.08%	+100,000	Timeline
WBDWARNER BROS DISCOVERY INC	191,832	$2.03M	0.07%	-70,000	Timeline
POLEUANDRETTI ACQUISITION CORP II	200,000	$2.01M	0.07%	0	Timeline
MERCMERCER INTL INC	284,014	$1.85M	0.07%	+30,000	Timeline
JACSUJACKSON ACQUISITION CO II	175,000	$1.76M	0.06%	new	Timeline
KSSKOHLS CORP	123,320	$1.73M	0.06%	+60,550	Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBAL	158,723	$1.66M	0.06%	-5,000
HOUSANYWHERE REAL ESTATE INC	483,489	$1.6M	0.06%	+85,000	Timeline
BLACKROCK N Y MUN INCOME TRUBLACKROCK N Y MUN INCOME TRU	155,471	$1.58M	0.06%	+72,954
UCFICN HEALTHY FOOD TECH GROUP C	150,000	$1.54M	0.06%	0	Timeline
BLACKROCK MUNIHLDGS NY QLTYBLACKROCK MUNIHLDGS NY QLTY	147,993	$1.53M	0.06%	0
WHRWHIRLPOOL CORP	13,350	$1.53M	0.06%	new	Timeline
VLOSVELOS ACQUISITION I CORP	150,000	$1.51M	0.06%	new	Timeline
VACHVOYAGER ACQUISITION CORP	150,000	$1.5M	0.06%	new	Timeline
XNQPXNUVEEN PA INVT QUALITY MUN F	128,019	$1.43M	0.05%	-11,435	Timeline
BKHABLACK HAWK ACQUISITION CORP	125,000	$1.3M	0.05%	0	Timeline
CAPNUCAYSON ACQUISITION CORP	125,000	$1.26M	0.05%	0	Timeline
AFBALLIANCEBERNSTEIN NATL MUN I	113,955	$1.24M	0.05%	0	Timeline
DT CLOUD ACQUISITION CORPDT CLOUD ACQUISITION CORP	107,306	$1.12M	0.04%	0
FVNNUFUTURE VISION II ACQUISITION	100,000	$1.05M	0.04%	0	Timeline
RRYDER SYS INC	6,514	$1.02M	0.04%	-3,500	Timeline
BLACKROCK MUNIHOLDINGS QUAL…BLACKROCK MUNIHOLDINGS QUALITY	101,047	$1.01M	0.04%	0
CUBLIONHEART HOLDINGS	100,000	$1.01M	0.04%	new	Timeline
AZUL S AAZUL S A	559,775	$935K	0.03%	+157,000
CXEMFS HIGH INCOME MUN TR	229,223	$844K	0.03%	+112,598	Timeline
NACNUVEEN CA DIVI ADV MUN	72,679	$821K	0.03%	-719,024	Timeline
VODVODAFONE GROUP PLC	90,585	$769K	0.03%	0	Timeline
NNNEXTNAV INC	36,299	$565K	0.02%	-35,700	Timeline
MTBASIMPLIFY EXCHANGE TRADED FUN	11,306	$562K	0.02%	new	Timeline
HYACHAYMAKER ACQUISITION CORP IV	50,000	$538K	0.02%	0	Timeline
FMNFEDERATED HERMES PREM MUNI I	46,426	$507K	0.02%	new	Timeline
DTSQDT CLOUD STAR ACQUISITION CO	50,000	$504K	0.02%	0	Timeline
HTZWWHERTZ GLOBAL HLDGS INC	228,088	$490K	0.02%	-287,026	Timeline
CXHMFS INVT GRADE MUN TR	49,454	$395K	0.01%	0	Timeline
OPITQOFFICE PPTYS INCOME TR COM SHS	291,197	$291K	0.01%	+133,551	Timeline
AMCAMC ENTMT HLDGS INC	71,686	$285K	0.01%	new	Timeline
MGMMGM RESORTS INTERNATIONAL	7,912	$274K	0.01%	+250	Timeline
CVSCVS HEALTH CORP	5,550	$249K	0.01%	new	Timeline
FARO TECHNOLOGIES INCFARO TECHNOLOGIES INC	8,113	$206K	0.01%	new
HTZHERTZ GLOBAL HLDGS INC	50,440	$185K	0.01%	new	Timeline
URGENTLY INC COM NEWURGENTLY INC COM NEW	278,189	$142K	0.01%	0
OCSAWOCULIS HOLDING AG	16,833	$90.7K	<0.01%	0	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	400,000	$90K	<0.01%	new	Timeline
BIGBEAR AI HLDGS INCBIGBEAR AI HLDGS INC	54,069	$86K	<0.01%	-14,700
BYNDBEYOND MEAT INC	20,557	$77.3K	<0.01%	new	Timeline
COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION …	150,000	$67.3K	<0.01%	new
SK GROWTH OPPORTUNITIES CORPSK GROWTH OPPORTUNITIES CORP	100,000	$60K	<0.01%	0
CHARRCHARLTON ARIA ACQUISITION CO	399,000	$59.9K	<0.01%	new	Timeline
AIRJWAIRJOULE TECHNOLOGIES CORP	50,000	$55K	<0.01%	0	Timeline
VGASWVERDE CLEAN FUELS INC	190,419	$53.3K	<0.01%	0	Timeline
GIGGWGIGCAPITAL7 CORP	804,500	$52.3K	<0.01%	new	Timeline
AISPWAIRSHIP AI HLDGS INC	21,750	$44.6K	<0.01%	-1,250	Timeline
RTS/IRON HORSE ACQUISITIONS…RTS/IRON HORSE ACQUISITIONS CORP …	150,000	$41.7K	<0.01%	0
TAVIRTAVIA ACQUISITION CORP	300,000	$36K	<0.01%	new	Timeline
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	99,997	$36K	<0.01%	new
LPAAWLAUNCH ONE ACQUISITION CORP	255,571	$34.5K	<0.01%	new	Timeline
RZLVWREZOLVE AI PLC	46,500	$34.2K	<0.01%	-3,500	Timeline
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	83,333	$34.2K	<0.01%	new
AA MISSION ACQUISITI…AA MISSION ACQUISITION …	475,000	$33.2K	<0.01%	+250,000
DRTSWALPHA TAU MEDICAL LTD	146,256	$30.7K	<0.01%	0	Timeline
ENGNWENGENE HOLDINGS INC	33,333	$28.1K	<0.01%	0	Timeline
SIMAWSIM ACQUISITION CORP. I	250,000	$27K	<0.01%	new	Timeline
BKHARBLACK HAWK ACQUISITION CORP	25,000	$25K	<0.01%	0	Timeline
Spring Valley Acquisition C…Spring Valley Acquisition Corp II	464,261	$24.1K	<0.01%	new
GLOBAL BLOCKCHAIN ACQUI CORPGLOBAL BLOCKCHAIN ACQUI CORP	225,000	$23.8K	<0.01%	0
VACHWVOYAGER ACQUISITION CORP	193,612	$23.2K	<0.01%	new	Timeline
NUAIWNEW ERA ENERGY & DIGITAL INC	34,875	$16.7K	<0.01%	new	Timeline
GRAF GLOBAL CORPGRAF GLOBAL CORP	125,000	$16.2K	<0.01%	new
DYCQRDT CLOUD ACQUISITION CORP RT 0	107,306	$16.1K	<0.01%	0	Timeline
CRMLWCRITICAL METALS CORP	69,750	$16K	<0.01%	-5,250	Timeline
OAK WOODS ACQUISITION CORPOAK WOODS ACQUISITION CORP	68,000	$15.3K	<0.01%	0
DIGIASISIA WARRANTSDIGIASISIA WARRANTS	116,194	$15.1K	<0.01%	-8,746
RF ACQUISITION CORPRF ACQUISITION CORP	95,000	$14.8K	<0.01%	-5,000
BTMWQBITCOIN DEPOT INC	213,750	$14.1K	<0.01%	-11,250	Timeline
VLOSWVELOS ACQUISITION I CORP	75,000	$13.5K	<0.01%	new	Timeline
VSEEWVSEE HEALTH INC	232,500	$11.6K	<0.01%	-17,500	Timeline
BRLSWBOREALIS FOODS INC	148,800	$11.5K	<0.01%	-11,200	Timeline
GOLD ROYALTY CORPGOLD ROYALTY CORP	44,755	$11.4K	<0.01%	0
MOBXWMOBIX LABS INC	93,000	$11.4K	<0.01%	-7,000	Timeline
DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) …	100,000	$11K	<0.01%	0
GLOBAL BLK-CW27 EQUITYGLOBAL BLK-CW27 EQUITY	225,000	$10.9K	<0.01%	0
NVNIWNVNI GROUP LIMITED	162,750	$10.8K	<0.01%	-12,250	Timeline
HOVRWNEW HORIZON AIRCRAFT LTD	100,000	$10K	<0.01%	0	Timeline
SUMMIT HEALTHCARE ACQUISITI…SUMMIT HEALTHCARE ACQUISITION	125,000	$9.93K	<0.01%	0
WTS/EVERGREEN CORPORATION E…WTS/EVERGREEN CORPORATION EXP 02/…	332,500	$9.22K	<0.01%	-17,500
FLYEXCLUSIVE INCFLYEXCLUSIVE INC	50,422	$9.08K	<0.01%	-2,903
BANNIX ACQUISITION CORPBANNIX ACQUISITION CORP	93,000	$8.95K	<0.01%	-7,000
Valuence Merger Corp IValuence Merger Corp I	252,525	$8.86K	<0.01%	new
SBCWWSBC MED GROUP HLDGS INC	35,000	$8.4K	<0.01%	0	Timeline
COCHWENVOY MEDICAL INC	174,000	$8.13K	<0.01%	-10,000	Timeline
OPTXWSYNTEC OPTICS HLDGS INC	69,750	$7.67K	<0.01%	-5,250	Timeline
DENALI CAPITAL ACQUISITN CORDENALI CAPITAL ACQUISITN COR	191,579	$7.13K	<0.01%	-8,421
DTSQRDT CLOUD STAR ACQUISITION CO	50,000	$6.9K	<0.01%	0	Timeline
CSLM Acquisition CorpCSLM Acquisition Corp	42,300	$6.34K	<0.01%	-2,700
AMODWALPHA MODUS HLDGS INC	69,750	$5.93K	<0.01%	new	Timeline
POWERUP ACQUISITION CORPPOWERUP ACQUISITION CORP	118,750	$5.64K	<0.01%	-6,250
CUBWWLIONHEART HOLDINGS	50,000	$5.5K	<0.01%	new	Timeline
CN HEALTHY FOOD TECH GROUP CCN HEALTHY FOOD TECH GROUP C	150,000	$5.25K	<0.01%	0
MRNOWMURANO GLOBAL INVT PLC	23,500	$5.17K	<0.01%	-1,500	Timeline
BUKIT JALIL GBL ACQUISITIONBUKIT JALIL GBL ACQUISITION	50,000	$5K	<0.01%	0
ZEOWWZEO ENERGY CORP	46,500	$4.86K	<0.01%	-3,500	Timeline
BDMDWBAIRD MED INVT HLDGS LTD	23,250	$4.77K	<0.01%	new	Timeline
TVGNWTEVOGEN INC	86,292	$4.66K	<0.01%	-6,495	Timeline
HOLLEY INCHOLLEY INC	79,311	$4.36K	<0.01%	0
PLMWFPLUM ACQUISITION CORP. III WAR	23,250	$4.18K	<0.01%	-1,750	Timeline
EON RESOURCES INCEON RESOURCES INC	71,250	$3.92K	<0.01%	-3,750
ESLAWESTRELLA IMMUNOPHARMA INC	42,293	$3.89K	<0.01%	-3,183	Timeline
MSAIWMULTISENSOR AI HOLDINGS INC	96,838	$3.87K	<0.01%	-7,288	Timeline
KVACWKEEN VISION ACQUISITION CORP	75,000	$3.71K	<0.01%	0	Timeline
ANNAWALEANNA INC	25,000	$3.5K	<0.01%	new	Timeline
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	25,000	$3.5K	<0.01%	0
CYCUWCYCURION INC	164,500	$3.4K	<0.01%	-10,500	Timeline
Oak Woods Acquisition CorpOak Woods Acquisition Corp	68,000	$3.37K	<0.01%	0
ZOOZWZOOZ STRATEGY LTD	58,750	$3.23K	<0.01%	-3,750	Timeline
RF ACQUISITION CORPRF ACQUISITION CORP	95,000	$2.99K	<0.01%	-5,000
RMSGWREAL MESSENGER CORP.	74,400	$2.83K	<0.01%	new	Timeline
RDZNWROADZEN INC	18,600	$2.79K	<0.01%	-1,400	Timeline
VAST RENEWABLES LIMITEDVAST RENEWABLES LIMITED	34,875	$2.63K	<0.01%	-2,625
AI TRANSPORTATION ACQUIS-RTSAI TRANSPORTATION ACQUIS-RTS	20,000	$2.6K	<0.01%	0
BANNIX ACQUISITION CORPBANNIX ACQUISITION CORP	93,000	$2.57K	<0.01%	-7,000
Cartesian Growth Corp IICartesian Growth Corp II	33,333	$2.5K	<0.01%	0
MARBLEGATE ACQUISITION CORPMARBLEGATE ACQUISITION CORP	81,375	$2.44K	<0.01%	-6,125
Aimfinity Investment Corp IAimfinity Investment Corp I	336,000	$2.35K	<0.01%	-14,000
Futuretech II Acquisition C…Futuretech II Acquisition Corp	144,020	$2.22K	<0.01%	-7,580
VEEAWVEEA INC	13,700	$2.19K	<0.01%	-500	Timeline
TECHNOLOGY & TELECOMMUNICAT…TECHNOLOGY & TELECOMMUNICATION	117,500	$2.03K	<0.01%	-7,500
AERTWAERIES TECHNOLOGY INC	56,416	$1.98K	<0.01%	-4,246	Timeline
BAERWBRIDGER AEROSPACE GRP HLDGS	41,500	$1.81K	<0.01%	-4,500	Timeline
Distoken Acquisition CorpDistoken Acquisition Corp	100,000	$1.77K	<0.01%	0
CSLM ACQUISITION CORPCSLM ACQUISITION CORP	21,150	$1.69K	<0.01%	-1,350
RMCOWROYALTY MGMT HLDG CORP	81,519	$1.53K	<0.01%	-4,685	Timeline
00	90,000	$1.35K	<0.01%	0
AESTHER HC -CW23 EQUITYAESTHER HC -CW23 EQUITY	46,500	$1.08K	<0.01%	-3,500
ONMDWONEMEDNET CORP	49,700	$1K	<0.01%	0	Timeline
HERAMBA ELECTRIC EQHERAMBA ELECTRIC EQ	23,250	$993	<0.01%	-1,750
WTS PHOENIX BIOTECH ACQUISI…WTS PHOENIX BIOTECH ACQUISITIO	25,000	$208	<0.01%	0

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
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	700,000	$410M	-268,800
XOPSPDR SERIES TRUST S&P OILGAS EXP	put	550,000	$72.8M	0
KKRKKR & CO INC COM	put	450,000	$66.6M	-350,000
OIHVANECK ETF TRUST OIL SERVICES ETF	put	150,000	$40.7M	-100,000
AAPLAPPLE INC COM	put	150,000	$37.6M	-150,000
LUMNLUMEN TECHNOLOGIES INC COM	put	4,800,000	$25.5M	-1,000,000
RIVNRIVIAN AUTOMOTIVE INC Stock	put	1,500,000	$19.9M	0
MARAMARA HOLDINGS INC Stock	put	1,100,000	$18.4M	new
WOLFSPEED INCWOLFSPEED INC COM	put	2,000,000	$13.3M	0
RUNSUNRUN INC COM	put	1,250,000	$11.6M	0
HLFHERBALIFE LTD COM SHS	put	1,700,000	$11.4M	-1,300,000
AMCAMC ENTMT HLDGS INC CL A NEW	put	2,200,000	$8.76M	0
AALAMERICAN AIRLINES GROUP INC Stock	put	500,000	$8.71M	-1,250,000
BYNDBEYOND MEAT INC COM	put	1,951,800	$7.34M	-98,200
EWZISHARES INC MSCI BRAZIL ETF	put	200,000	$4.5M	0
JBLUJETBLUE AIRWAYS CORP COM	call	500,000	$3.93M	0
NIONIO INC ADR	put	500,000	$2.18M	0
MPTMEDICAL PROPERTIES TRUST INC REIT	put	500,000	$1.98M	0
AZUL S AAZUL S A OPT	put	1,000,000	$1.67M	+500,000
WW INTL INCWW INTL INC COM	put	200,000	$254K	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
MICROSTRATEGY INCMICROSTRATEGY INC NOTE 2/1	principal	100,720,000	$208M	+4,500,000
WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1	principal	116,050,000	$154M	new
INSMED INCINSMED INC NOTE 0.750% 6/0	principal	66,584,000	$144M	+4,560,000
FRESHPET INCFRESHPET INC NOTE 3.000% 4/0	principal	55,100,000	$122M	-3,000,000
AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0	principal	67,486,000	$78.8M	+1,016,000
SEA LTDSEA LTD NOTE 2.375%12/0	principal	58,595,000	$74.2M	+15,095,000
SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT CO Convertible	principal	51,000,000	$69.5M	new
BLOOM ENERGY CORPBLOOM ENERGY CORP Bond	principal	49,862,000	$68.8M	+30,147,000
SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0	principal	35,500,000	$62.7M	-22,450,000
CINEMARK HLDGS INCCINEMARK HLDGS INC NOTE 4.500% 8/1	principal	27,482,000	$59.6M	+2,000,000
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1	principal	62,737,000	$56M	new
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1	principal	39,442,000	$54.9M	+14,425,000
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 4.000% 3/1	principal	53,200,000	$53.7M	+3,000,000
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0	principal	36,500,000	$47.8M	-2,500,000
ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3	principal	43,334,845	$45.7M	new
ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC NOTE 1.000%12/0	principal	61,287,000	$44.6M	+18,000,000
WAYFAIR INCWAYFAIR INC Convertible bond	principal	35,750,000	$44.5M	0
SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC. NOTE 0.250%12/0	principal	72,652,000	$43M	-7,250,000
COLLEGIUM PHARMACEUTICAL INCCOLLEGIUM PHARMACEUTICAL INC NOTE 2.875% 2/1	principal	37,450,000	$39.2M	0
NOVAVAX INCNOVAVAX INC NOTE 5.000%12/1	principal	34,750,000	$34.7M	0
XOMETRY INCXOMETRY INC NOTE 1.000% 2/0	principal	32,813,000	$34.6M	-422,000
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0	principal	32,421,000	$34M	+20,421,000
CANADIAN SOLAR INCCANADIAN SOLAR INC NOTE 2.500%10/0	principal	35,382,000	$32.9M	0
HERBALIFE LTDHERBALIFE LTD NOTE 4.250% 6/1	principal	36,884,000	$28.3M	+1,000,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	25,000,000	$27.4M	new
WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0	principal	61,000,000	$25.3M	-16,000,000
HCI GROUP INCHCI GROUP INC NOTE 4.750% 6/0	principal	16,250,000	$25.1M	0
ZYNEX INCZYNEX INC NOTE 5.000% 5/1	principal	25,000,000	$24.7M	0
ARTIVION INCARTIVION INC NOTE 4.250% 7/0	principal	19,250,000	$24.7M	0
TYLER TEX INDPT SCH DISTTYLER TEX INDPT SCH DIST NOTE 0.250% 3/1	principal	18,524,000	$22.3M	new
NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1	principal	30,544,000	$22.1M	+997,000
EVERGY INCEVERGY INC NOTE 4.500%12/1	principal	20,000,000	$21.7M	new
WAYFAIR INCWAYFAIR INC NOTE 0.625%10/0	principal	20,000,000	$19.2M	0
ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1	principal	17,930,000	$18.9M	new
NIO INCNIO INC NOTE 4.625%10/1	principal	26,000,000	$17.8M	0
TRANSOCEAN INCTRANSOCEAN INC DEB 4.625% 9/3	principal	10,783,000	$14.6M	-2,500,000
PTC THERAPEUTICS INCPTC THERAPEUTICS INC NOTE 1.500% 9/1	principal	12,000,000	$13.4M	-3,500,000
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 3.750% 2/1	principal	43,663,000	$12.7M	0
PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0	principal	12,500,000	$12M	new
LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 11.500% 1/1	principal	27,753,000	$11.9M	+2,000,000
SPIRIT AEROSYSTEMS INCSPIRIT AEROSYSTEMS INC CNV	principal	8,750,000	$11.8M	new
VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1	principal	11,500,000	$10.3M	-1,000,000
PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1	principal	10,605,000	$9.8M	new
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 3.250%10/0	principal	7,550,000	$9.69M	0
TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1	principal	9,279,000	$9.13M	0
REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1	principal	8,857,000	$9.03M	new
OMEROS CORPOMEROS CORP NOTE 5.250% 2/1	principal	8,760,000	$8.2M	+260,000
BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1	principal	50,153,000	$7.62M	-12,845,000
OATLY GROUP ABOATLY GROUP AB NOTE 9.250% 9/1	principal	11,015,348	$7.4M	+4,287,176
TPI COMPOSITES INCTPI COMPOSITES INC FIXED	principal	29,912,000	$7.33M	+13,711,000
UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1	principal	7,861,000	$7.11M	0
WOLFSPEED INCWOLFSPEED INC NOTE 1.750% 5/0	principal	7,639,000	$6.76M	0
GROUPON INCGROUPON INC NOTE 6.250% 3/1	principal	6,300,000	$6M	new
GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0	principal	10,004,000	$5.4M	0
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 1.000% 1/1	principal	5,000,000	$4.98M	new
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1	principal	14,559,000	$4.51M	0
NIO INCNIO INC NOTE 3.875%10/1	principal	6,000,000	$4.4M	0
REDFIN CORPREDFIN CORP NOTE 0.500% 4/0	principal	5,685,000	$4.36M	0
VERITONE INCVERITONE INC NOTE 1.750%11/1	principal	7,650,000	$3.06M	0
CARDLYTICS INCCARDLYTICS INC BOND	principal	3,000,000	$2.68M	0
INNOVATE CORPINNOVATE CORP NOTE 7.500% 8/0	principal	6,887,000	$2.39M	0
FARO Technologies IncFARO Technologies Inc Convertible bond	principal	2,000,000	$1.98M	0
SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC. NOTE 2.625% 2/1	principal	3,250,000	$1.22M	0
CUTERA INCCUTERA INC NOTE 4.000% 6/0	principal	10,390,000	$883K	0

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

The largest 100 of 115. All 115

Security	Shares before	Value before	Type
RCLROYAL CARIBBEAN GROUP	750,000	$133M	put
IWMISHARES TR	300,000	$66.3M	put
WAYFAIR INCWAYFAIR INC	30,250,000	$36.4M	principal
CCLCARNIVAL CORP	1,750,000	$32.3M	put
CNKCINEMARK HLDGS INC	1,000,000	$27.8M	put
Esperion Therapeutics IncEsperion Therapeutics Inc	23,850,000	$22.6M	principal
WORLD KINECT CORPORATIONWORLD KINECT CORPORATION	16,074,000	$19.5M	principal
MSTRSTRATEGY INC	110,000	$18.5M	put
UALUNITED AIRLS HLDGS INC	270,000	$15.4M	put
BITOPROSHARES TR	697,042	$13.4M	shares
QQQINVESCO QQQ TR	22,100	$10.8M	put
ZSCALER INCZSCALER INC	8,668,000	$10.6M	principal
MARA HOLDINGS INCMARA HOLDINGS INC	10,755,000	$9.52M	principal
NOVAQSUNNOVA ENERGY INTERNATIONAL I	800,000	$7.79M	put
GIGCAPITAL7 CORPGIGCAPITAL7 CORP	760,000	$7.58M	shares
GROUPON INCGROUPON INC	7,300,000	$6.52M	principal
EQCEQUITY COMMONWEALTH	264,626	$5.27M	shares
SIMAUSIM ACQUISITION CORP. I	500,000	$5.02M	shares
EBSEMERGENT BIOSOLUTIONS INC	500,000	$4.17M	put
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	400,000	$4M	shares
UPSTUPSTART HLDGS INC	100,000	$4M	put
BEBLOOM ENERGY CORP	340,000	$3.59M	put
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	300,000	$2.98M	shares
SPIRIT AIRLS INCSPIRIT AIRLS INC	9,577,000	$2.89M	principal
BILIBILI INCBILIBILI INC	2,700,000	$2.67M	principal
TONTUGRAF GLOBAL CORP	250,000	$2.51M	shares
LAUNCH ONE ACQUISITION CORPLAUNCH ONE ACQUISITION CORP	250,000	$2.5M	shares
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	250,000	$2.49M	shares
VRNSVARONIS SYS INC	35,500	$2.01M	shares
VLOSUVELOS ACQUISITION I CORP	150,000	$1.5M	shares
VOYAGER ACQUISITION CORPVOYAGER ACQUISITION CORP	150,000	$1.5M	shares
BOXBOX INC	44,300	$1.45M	shares
XNXJXNUVEEN NEW JERSEY	101,909	$1.33M	shares
TAT&T INC	55,713	$1.23M	shares
SPIRIT AIRLS INCSPIRIT AIRLS INC	500,000	$1.2M	put
OPITQOFFICE PPTYS INCOME TR COM SHS	500,000	$1.09M	call
CUBWULIONHEART HOLDINGS	100,000	$1.02M	shares
ELECTRA BATTERY MATERIALS COELECTRA BATTERY MATERIALS CO	1,759,703	$1M	shares
KVACFKEEN VISION ACQUISITION CORP	75,000	$807K	shares
SPIRIT AIRLS INCSPIRIT AIRLS INC	300,000	$720K	call
EBSEMERGENT BIOSOLUTIONS INC	40,427	$338K	shares
QETAQUETTA ACQUISITION CORP	30,000	$312K	shares
AI Transportation Acquisiti…AI Transportation Acquisition Corp	20,000	$210K	shares
Trinseo PLCTrinseo PLC	39,146	$200K	shares
NOMNUVEEN MO QUALITY MUN INCOME	14,718	$162K	shares
NAZNUVEEN ARIZONA QLTY MUN INC	11,133	$132K	shares
ESPRESPERION THERAPEUTICS INC NE	30,182	$49.8K	shares
BURTECH ACQUISITION CORPBURTECH ACQUISITION CORP	225,000	$45K	shares
UNITED HOMES GROUP INCUNITED HOMES GROUP INC	25,000	$25K	shares
POLESTAR AUTOMOTIVE HLDG UKPOLESTAR AUTOMOTIVE HLDG UK	75,000	$22.5K	shares
INCEPTION GROWTH ACQUISITIO…INCEPTION GROWTH ACQUISITION RTS	175,000	$21K	shares
NOVA VISION ACQUISITION CORPNOVA VISION ACQUISITION CORP	80,000	$19.6K	shares
Rigel Resource Acquisition …Rigel Resource Acquisition Corp	50,000	$17.5K	shares
NORTHVIEW ACQUISITION CO-RTSNORTHVIEW ACQUISITION CO-RTS	250,000	$12.8K	shares
FLDDWFOLD HLDGS INC	50,000	$10K	shares
VISION SENSING ACQUISITION CVISION SENSING ACQUISITION C	225,000	$9.83K	shares
THUNDER BRDG CAP PRTNRS IV ITHUNDER BRDG CAP PRTNRS IV I	53,800	$7.11K	shares
APX ACQUISITION CORP IAPX ACQUISITION CORP I	125,000	$6.25K	shares
ILEARNINGENGINES INCILEARNINGENGINES INC	23,000	$6.09K	shares
NORTHVIEW ACQUISITION CORPNORTHVIEW ACQUISITION CORP	125,000	$4.69K	shares
INSIGHT ACQUISITION CORPINSIGHT ACQUISITION CORP	75,000	$3.83K	shares
DUET ACQUISITION CORP (U.S.)DUET ACQUISITION CORP (U.S.)	195,100	$3.8K	shares
HHG CAPITAL CORPORATIONHHG CAPITAL CORPORATION	55,000	$3.75K	shares
GORES HOLDINGS IX INCGORES HOLDINGS IX INC	50,000	$3.75K	shares
FORTUNE RI -CW23 EQUITYFORTUNE RI -CW23 EQUITY	137,500	$3.74K	shares
EXCELFIN ACQUISITION CORPEXCELFIN ACQUISITION CORP	25,000	$3.73K	shares
NOVA VISION ACQUISITION CORPNOVA VISION ACQUISITION CORP	80,000	$3.6K	shares
INCEPTION GR -23 EQUITYINCEPTION GR -23 EQUITY	87,500	$3.51K	shares
BLEUACACIA LTDBLEUACACIA LTD	100,000	$3.12K	shares
Everest Consolidator Acquis…Everest Consolidator Acquisition …	100,000	$2.97K	shares
TARGET GLOBAL ACQUISI I CORPTARGET GLOBAL ACQUISI I CORP	33,333	$2.5K	shares
SDCL EDGE ACQUISITION CORPSDCL EDGE ACQUISITION CORP	25,000	$2.5K	shares
AIIOWROBO.AI INC.	50,000	$2.38K	shares
CDTTWCDT EQUITY INC	200,000	$2.36K	shares
BNAIWBRAND ENGAGEMENT NETWORK INC	30,666	$2.15K	shares
IX ACQUISITION CORPIX ACQUISITION CORP	25,000	$1.95K	shares
NEW ERA ENERGY & DIGITAL IN…NEW ERA ENERGY & DIGITAL INC WT E…	37,500	$1.77K	shares
BLOCKCHAIN COINVSTRS ACQ CRPBLOCKCHAIN COINVSTRS ACQ CRP	75,000	$1.72K	shares
SWIFTMERGE ACQUISITION CORPSWIFTMERGE ACQUISITION CORP	25,000	$1.7K	shares
GCT SEMICONDUCTOR HLDG INCGCT SEMICONDUCTOR HLDG INC	12,500	$1.63K	shares
APLMWAPOLLOMICS INC	200,000	$1.62K	shares
CARTICA ACQUISITION CORPCARTICA ACQUISITION CORP	10,000	$1.6K	shares
WTS PYROPHYTE ACQUISITIONWTS PYROPHYTE ACQUISITION	25,000	$1.5K	shares
BOLT PROJECTS HLDSBOLT PROJECTS HLDS	23,000	$1.38K	shares
DevvStream CorpDevvStream Corp	37,500	$1.36K	shares
BLEUACACIA LTDBLEUACACIA LTD	50,000	$1.36K	shares
ATHENA TECHNOLOGY ACQUISITI…ATHENA TECHNOLOGY ACQUISITION	50,000	$1.32K	shares
RCF ACQUISITION CORPRCF ACQUISITION CORP	25,000	$1.26K	shares
Healthcare AI Acquisition C…Healthcare AI Acquisition Corp	50,000	$1.25K	shares
TNL MediageneTNL Mediagene	75,000	$1.21K	shares
LONGEVITY HEALTH HLDGS INCLONGEVITY HEALTH HLDGS INC	18,750	$1.12K	shares
CPTWFCAPTIVISION INC	37,500	$1.12K	shares
XCF Global IncXCF Global Inc	25,370	$1.05K	shares
BATTERY FUTURE ACQUISITION CBATTERY FUTURE ACQUISITION C	50,000	$1K	shares
TLGY ACQUISITION CORPORATIO…TLGY ACQUISITION CORPORATION W	37,500	$900	shares
FINNOVATE ACQUISITION CORPFINNOVATE ACQUISITION CORP	45,000	$900	shares
ZAPATA COMPUTING HLDGS INCZAPATA COMPUTING HLDGS INC	25,000	$893	shares
Pearl Holdings Acquisition …Pearl Holdings Acquisition Corp	25,000	$778	shares
Papaya Growth Opportunity C…Papaya Growth Opportunity Corp I	25,000	$760	shares
LibityLibity	12,500	$750	shares

How Q4 2024 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 0001257391-25-000002	base		2025-02-14	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC
13F-HR/A 0000905148-26-003951	added	new holdings	2026-08-26	acceptance time not in the bulk data set	2026-10-06 09:57:27 UTC