WHITEBOX ADVISORS LLC

13F filer, CIK 1257391, MINNEAPOLIS, MN

WHITEBOX ADVISORS LLC reported $4,047,948,262 across 315 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 35.91% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001257391-25-000006

Period: 2025-03-31
Reported value: $4.05B
Holdings: 315
Top 10 weight: 35.91%
New: 81
Sold out: 39

Stakes and trades reported after 2025-03-31

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
SUPER MICRO COMPUTER INCnew	+173,101,000	$167M
BERRY GLOBAL GROUP INCnew	+2,037,826	$142M
SPYnew	+136,000	$76.1M
CHAMPIONX CORPORATIONnew	+2,089,676	$62.3M
INTRA-CELLULAR THERAPIES INCnew	+275,001	$36.3M

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.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
BAPRAexited	-650,000	-$39.6M
PPLIreduced	-483,327	-$22.2M
CIVIexited	-367,000	-$16.8M
HEI-Areduced	-42,791	-$9.03M
GRFSreduced	-1,269,634	-$9.03M

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, Q1 2025

Share positions as resolved from 13F-HR 0001257391-25-000006, largest first. % of portfolio is the value over $3,036,253,979, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC	173,101,000	$167M	5.5%	new
BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC	2,037,826	$142M	4.69%	new
LBRDKLIBERTY BROADBAND CORP	998,615	$84.9M	2.8%	+103,920	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	136,000	$76.1M	2.51%	new	Timeline
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION	2,089,676	$62.3M	2.05%	new
TFPMTRIPLE FLAG PRECIOUS METAL	2,532,700	$48.5M	1.6%	+231,072	Timeline
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	275,001	$36.3M	1.19%	new
AZEK CO INCAZEK CO INC	725,339	$35.5M	1.17%	new
LBRDALIBERTY BROADBAND CORP	343,251	$29.2M	0.96%	+136,955	Timeline
GPORGULFPORT ENERGY CORP	134,636	$24.8M	0.82%	+19,040	Timeline
HEI-AHEICO CORP NEW	117,245	$24.7M	0.81%	-42,791	Timeline
BLCOBAUSCH PLUS LOMB CORP	1,622,876	$23.5M	0.78%	+179,775	Timeline
PPLIPEOPLE INC	455,932	$20.9M	0.69%	-483,327	Timeline
CHRDCHORD ENERGY CORPORATION	174,476	$19.7M	0.65%	-10,788	Timeline
GRFSGRIFOLS S A	2,677,997	$19M	0.63%	-1,269,634	Timeline
DCHDAUCH CORP	4,551,194	$18.5M	0.61%	+2,658,471	Timeline
VALVALARIS LTD	459,111	$18M	0.59%	0	Timeline
HESS CORPHESS CORP	83,669	$13.4M	0.44%	-23,896
KKELLANOVA	141,650	$11.7M	0.38%	new	Timeline
SVCSERVICE PPTYS TR	3,601,899	$9.4M	0.31%	+1,457,000	Timeline
CUKCARNIVAL PLC	527,561	$9.25M	0.3%	new	Timeline
NENOBLE CORP PLC	365,083	$8.65M	0.28%	0	Timeline
UPWHEELS UP EXPERIENCE INC	39,343,416	$8.65M	0.28%	-693,089	Timeline
ACIALBERTSONS COMPANIES INC	363,623	$8M	0.26%	-140,208	Timeline
HDRNGIGCAPITAL7 CORP	760,000	$7.74M	0.25%	0	Timeline
CSTMCONSTELLIUM SE	762,498	$7.69M	0.25%	+210,214	Timeline
GTGOODYEAR TIRE & RUBR CO	830,294	$7.67M	0.25%	+130,239	Timeline
NVDANVIDIA CORPORATION	70,000	$7.59M	0.25%	new	Timeline
FIFTH ERA ACQUISITION CORP IFIFTH ERA ACQUISITION CORP I	750,000	$7.55M	0.25%	new
NCMINATIONAL CINEMEDIA INC	1,242,084	$7.25M	0.24%	0	Timeline
CYHCOMMUNITY HEALTH SYS INC NEW	2,335,094	$6.3M	0.21%	+34,983	Timeline
KKRKKR & CO INC	50,000	$5.78M	0.19%	new	Timeline
TGNATEGNA INC	312,988	$5.7M	0.19%	+170,285	Timeline
SIMASIM ACQUISITION CORP. I	500,000	$5.11M	0.17%	0	Timeline
AAMAA MISSION ACQUISITION COR-A	450,000	$4.69M	0.15%	0	Timeline
GMGENERAL MTRS CO	98,585	$4.64M	0.15%	+22,787	Timeline
BHCBAUSCH HEALTH COS INC	699,350	$4.52M	0.15%	-491,459	Timeline
COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR	400,000	$4.48M	0.15%	-50,000
AAPLAPPLE INC	20,000	$4.44M	0.15%	new	Timeline
DSMBNY MELLON STRATEGIC MUN BD	756,799	$4.37M	0.14%	+136,853	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	400,000	$4.21M	0.14%	0
THCTENET HEALTHCARE CORP	31,108	$4.18M	0.14%	+5,206	Timeline
ALDEL FINL II INCALDEL FINL II INC	400,000	$4.1M	0.14%	new
BEAGBOLD EAGLE ACQUISITION CORP	400,000	$4.06M	0.13%	0	Timeline
WILLOW LANE ACQUISITION CORPWILLOW LANE ACQUISITION CORP	400,000	$4.05M	0.13%	0
RACURITHM ACQUISITION CORP	400,000	$4.04M	0.13%	new	Timeline
CHARCHARLTON ARIA ACQUISITION CO	399,000	$4.03M	0.13%	0	Timeline
DRDBROMAN DBDR ACQUISITION CORP	400,000	$4.01M	0.13%	new	Timeline
DMAADRUGS MADE IN AMER ACQUTN CO	400,000	$4.01M	0.13%	new	Timeline
SVCCSTELLAR V CAP CORP	400,000	$3.99M	0.13%	new	Timeline
TSLATESLA INC	15,000	$3.89M	0.13%	new	Timeline
NOEMCO2 ENERGY TRANSITION CORP	390,000	$3.87M	0.13%	new	Timeline
NEWBURY STR II ACQUISITION CNEWBURY STR II ACQUISITION C	375,000	$3.78M	0.12%	new
LAUNCH TWO ACQUISITION CORP.LAUNCH TWO ACQUISITION CORP.	350,000	$3.57M	0.12%	0
DMBBNY MELLON MUN BD INFRASTRUC	325,910	$3.44M	0.11%	+100,000	Timeline
ITGRINTEGER HLDGS CORP	28,832	$3.4M	0.11%	new	Timeline
SIRISIRIUSXM HOLDINGS INC	146,027	$3.29M	0.11%	-230,708	Timeline
TDACTRANSLATIONAL DEV ACQUISITIO	305,000	$3.07M	0.1%	new	Timeline
CARAVIS BUDGET GROUP INC	40,154	$3.05M	0.1%	+421	Timeline
FTWEQV VENTURES ACQUISITION C-A	300,000	$3.04M	0.1%	0	Timeline
TAVITAVIA ACQUISITION CORP	300,000	$3.02M	0.1%	0	Timeline
MLACMOUNTAIN LAKE ACQUISITION CO	300,000	$3.02M	0.1%	new	Timeline
GSHRUGESHER ACQUISITION CORP. II	300,000	$3.01M	0.1%	new	Timeline
VINE HILL CAP INVT CORP.VINE HILL CAP INVT CORP.	265,000	$2.72M	0.09%	0
OACCUOAKTREE ACQUISITION CORP III	250,000	$2.61M	0.09%	0	Timeline
RANGURANGE CAP ACQUISITION CORP	250,000	$2.57M	0.08%	new	Timeline
TONTGRAF GLOBAL CORP	250,000	$2.56M	0.08%	0	Timeline
LPAALAUNCH ONE ACQUISITION CORP	250,000	$2.55M	0.08%	0	Timeline
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	250,000	$2.53M	0.08%	0
ATIIUARCHIMEDES TECH SPAC PARTNER	250,000	$2.52M	0.08%	new	Timeline
NHICUNEWHOLD INVT CORP III	250,000	$2.52M	0.08%	new	Timeline
FACTUFACT II ACQUISITION CORP	250,000	$2.52M	0.08%	0	Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGS	2,234,500	$2.48M	0.08%	+379,914	Timeline
KFIIK&F GROWTH ACQUISITION CORP	225,000	$2.24M	0.07%	new	Timeline
KSSKOHLS CORP	273,013	$2.23M	0.07%	+149,693	Timeline
SBIWESTERN ASSET INTER MUNI	271,438	$2.12M	0.07%	0	Timeline
CEPOCANTOR EQUITY PARTNERS I INC	200,000	$2.05M	0.07%	new	Timeline
POLEUANDRETTI ACQUISITION CORP II	200,000	$2.04M	0.07%	0	Timeline
ONENHENNESSY CAP INVT CORP VII	200,000	$1.98M	0.07%	new	Timeline
WBDWARNER BROS DISCOVERY INC	181,739	$1.95M	0.06%	-10,093	Timeline
HOUSANYWHERE REAL ESTATE INC	546,242	$1.82M	0.06%	+62,753	Timeline
JACSUJACKSON ACQUISITION CO II	175,000	$1.8M	0.06%	0	Timeline
CXEMFS HIGH INCOME MUN TR	450,042	$1.66M	0.05%	+220,819	Timeline
LEOBNY MELLON STRATEGIC MUNS IN	267,300	$1.64M	0.05%	new	Timeline
MERCMERCER INTL INC	259,014	$1.59M	0.05%	-25,000	Timeline
UCFICN HEALTHY FOOD TECH GROUP C	150,000	$1.57M	0.05%	0	Timeline
BLACKROCK N Y MUN INCOME TRUBLACKROCK N Y MUN INCOME TRU	152,792	$1.55M	0.05%	-2,679
VLOSVELOS ACQUISITION I CORP	150,000	$1.54M	0.05%	0	Timeline
VACHVOYAGER ACQUISITION CORP	150,000	$1.53M	0.05%	0	Timeline
BLACKROCK MUNIHLDGS NY QLTYBLACKROCK MUNIHLDGS NY QLTY	147,993	$1.5M	0.05%	0
COLACOLUMBUS ACQUISITION CORP	150,000	$1.5M	0.05%	new	Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBAL	123,723	$1.48M	0.05%	-35,000
MBIMBIA INC	294,431	$1.47M	0.05%	-50,000	Timeline
XNQPXNUVEEN PA INVT QUALITY MUN F	128,019	$1.44M	0.05%	0	Timeline
BKHABLACK HAWK ACQUISITION CORP	125,000	$1.32M	0.04%	0	Timeline
CAPNUCAYSON ACQUISITION CORP	125,000	$1.31M	0.04%	0	Timeline
INFLECTION POINT ACQU CORP VINFLECTION POINT ACQU CORP V	125,000	$1.27M	0.04%	new
VSXYVICTORIAS SECRET AND CO	68,340	$1.27M	0.04%	new	Timeline
RIBBRIBBON ACQUISITION CORP	125,000	$1.25M	0.04%	new	Timeline
AFBALLIANCEBERNSTEIN NATL MUN I	113,955	$1.24M	0.04%	0	Timeline
RRYDER SYS INC	8,514	$1.22M	0.04%	+2,000	Timeline
WHRWHIRLPOOL CORP	11,813	$1.06M	0.04%	-1,537	Timeline
FVNNUFUTURE VISION II ACQUISITION	100,000	$1.03M	0.03%	0	Timeline
CUBLIONHEART HOLDINGS	100,000	$1.03M	0.03%	0	Timeline
PLMKPLUM ACQUISITION CORP IV	100,000	$1M	0.03%	new	Timeline
PIMCO CALIFORNIA MUNICIPAL …PIMCO CALIFORNIA MUNICIPAL INC	150,000	$846K	0.03%	new
FORWARD AIR CORPFORWARD AIR CORP	41,136	$826K	0.03%	new
BLACKROCK MUNIHOLDINGS QUAL…BLACKROCK MUNIHOLDINGS QUALITY	77,909	$779K	0.03%	-23,138
FOOT LOCKER INCFOOT LOCKER INC	54,579	$770K	0.03%	new
MTBASIMPLIFY EXCHANGE TRADED FUN	11,306	$567K	0.02%	0	Timeline
HYACHAYMAKER ACQUISITION CORP IV	50,000	$550K	0.02%	0	Timeline
AALAMERICAN AIRLINES GROUP INC	50,000	$528K	0.02%	new	Timeline
DTSQDT CLOUD STAR ACQUISITION CO	50,000	$512K	0.02%	0	Timeline
FMNFEDERATED HERMES PREM MUNI I	46,426	$504K	0.02%	0	Timeline
NNNEXTNAV INC	36,299	$442K	0.01%	0	Timeline
NBRNABORS INDUSTRIES LTD	10,404	$434K	0.01%	new	Timeline
MGMMGM RESORTS INTERNATIONAL	14,271	$423K	0.01%	+6,359	Timeline
ELBMELECTRA BATTERY MATERIALS CO	384,884	$415K	0.01%	new	Timeline
AMCAMC ENTMT HLDGS INC	107,350	$308K	0.01%	+35,664	Timeline
CVSCVS HEALTH CORP	4,050	$274K	0.01%	-1,500	Timeline
COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION …	150,000	$270K	0.01%	0
PCGPG&E CORP	15,000	$258K	0.01%	new	Timeline
FARO TECHNOLOGIES INCFARO TECHNOLOGIES INC	8,132	$222K	0.01%	+19
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	200,000	$138K	<0.01%	new
OPITQOFFICE PPTYS INCOME TR COM SHS	291,197	$133K	<0.01%	0	Timeline
BEAGRBOLD EAGLE ACQUISITION CORP	400,000	$92K	<0.01%	0	Timeline
NOEMRCO2 ENERGY TRANSITION CORP	390,000	$80K	<0.01%	new	Timeline
GIGGWGIGCAPITAL7 CORP	804,500	$77K	<0.01%	0	Timeline
CHARRCHARLTON ARIA ACQUISITION CO	399,000	$71.8K	<0.01%	0	Timeline
SK GROWTH OPPORTUNITIES CORPSK GROWTH OPPORTUNITIES CORP	100,000	$65K	<0.01%	0
Spring Valley Acquisition C…Spring Valley Acquisition Corp II	464,261	$65K	<0.01%	0
DRDBWROMAN DBDR ACQUISITION CORP	200,000	$64K	<0.01%	new	Timeline
ULYXURGENTLY INC COM NEW	15,435	$62.5K	<0.01%	new	Timeline
MLACRMOUNTAIN LAKE ACQUISITION CO	300,000	$55.2K	<0.01%	new	Timeline
DMAARDRUGS MADE IN AMER ACQUTN CO	400,000	$52K	<0.01%	new	Timeline
TAVIRTAVIA ACQUISITION CORP	300,000	$45K	<0.01%	0	Timeline
RTS/IRON HORSE ACQUISITIONS…RTS/IRON HORSE ACQUISITIONS CORP …	150,000	$45K	<0.01%	0
SVCCWSTELLAR V CAP CORP	200,000	$44K	<0.01%	new	Timeline
BIGBEAR AI HLDGS INCBIGBEAR AI HLDGS INC	50,598	$41.5K	<0.01%	-3,471
HVIIRHENNESSY CAP INVT CORP VII	200,000	$40.8K	<0.01%	new	Timeline
BZAIWBLAIZE HLDGS INC	209,250	$39.8K	<0.01%	new	Timeline
NOEMWCO2 ENERGY TRANSITION CORP	390,000	$39.6K	<0.01%	new	Timeline
BKHARBLACK HAWK ACQUISITION CORP	25,000	$37.5K	<0.01%	0	Timeline
LPAAWLAUNCH ONE ACQUISITION CORP	255,571	$37.1K	<0.01%	0	Timeline
VGASWVERDE CLEAN FUELS INC	177,090	$35.8K	<0.01%	-13,329	Timeline
FLDDWFOLD HLDGS INC	46,500	$34.4K	<0.01%	new	Timeline
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	99,997	$33K	<0.01%	0
SIMAWSIM ACQUISITION CORP. I	250,000	$32.5K	<0.01%	0	Timeline
DRTSWALPHA TAU MEDICAL LTD	136,018	$32.3K	<0.01%	-10,238	Timeline
AA MISSION ACQUISITI…AA MISSION ACQUISITION …	475,000	$31.6K	<0.01%	0
RIBBRRIBBON ACQUISITION CORP	125,000	$31.2K	<0.01%	new	Timeline
TDACWTRANSLATIONAL DEV ACQUISITIO	152,500	$30.5K	<0.01%	new	Timeline
VACHWVOYAGER ACQUISITION CORP	193,612	$29.1K	<0.01%	0	Timeline
CNCKWCOINCHECK GROUP NV	50,079	$28.1K	<0.01%	new	Timeline
KFIIRK&F GROWTH ACQUISITION CORP	225,000	$27K	<0.01%	new	Timeline
AIRJWAIRJOULE TECHNOLOGIES CORP	46,500	$26.3K	<0.01%	-3,500	Timeline
Aimfinity Investment Corp IAimfinity Investment Corp I	336,000	$26.1K	<0.01%	0
DYCQRDT CLOUD ACQUISITION CORP RT 0	107,306	$25.8K	<0.01%	0	Timeline
AISPWAIRSHIP AI HLDGS INC	21,750	$24.4K	<0.01%	0	Timeline
COLARCOLUMBUS ACQUISITION CORP	150,000	$24K	<0.01%	new	Timeline
GRAF GLOBAL CORPGRAF GLOBAL CORP	125,000	$22.5K	<0.01%	0
GLOBAL BLOCKCHAIN ACQUI CORPGLOBAL BLOCKCHAIN ACQUI CORP	225,000	$22.3K	<0.01%	0
VLOSWVELOS ACQUISITION I CORP	75,000	$21.8K	<0.01%	0	Timeline
QURATE RETAIL INCQURATE RETAIL INC	100,000	$20.1K	<0.01%	new
ENGNWENGENE HOLDINGS INC	31,000	$18.6K	<0.01%	-2,333	Timeline
BLACK SPADE ACQUISITION II CBLACK SPADE ACQUISITION II C	83,333	$18.3K	<0.01%	0
OAK WOODS ACQUISITION CORPOAK WOODS ACQUISITION CORP	68,000	$17.7K	<0.01%	0
DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) …	100,000	$17.6K	<0.01%	0
BRLSWBOREALIS FOODS INC	148,800	$16.4K	<0.01%	0	Timeline
BTMWQBITCOIN DEPOT INC	213,750	$15K	<0.01%	0	Timeline
VSEEWVSEE HEALTH INC	232,500	$13.7K	<0.01%	0	Timeline
MARBLEGATE ACQUISITION CORPMARBLEGATE ACQUISITION CORP	81,375	$13K	<0.01%	0
BUKIT JALIL GBL ACQUISITIONBUKIT JALIL GBL ACQUISITION	50,000	$13K	<0.01%	0
CRMLWCRITICAL METALS CORP	69,750	$11.8K	<0.01%	0	Timeline
DENALI CAPITAL ACQUISITN CORDENALI CAPITAL ACQUISITN COR	191,579	$11.3K	<0.01%	0
GOLD ROYALTY CORPGOLD ROYALTY CORP	44,754	$11.2K	<0.01%	-1
MOBXWMOBIX LABS INC	93,000	$9.67K	<0.01%	0	Timeline
RZLVWREZOLVE AI PLC	46,500	$9.44K	<0.01%	0	Timeline
PLMKWPLUM ACQUISITION CORP IV	50,000	$8.23K	<0.01%	new	Timeline
ASBPWASPIRE-LAKEWOOD HOLDINGS INC	118,750	$8.04K	<0.01%	new	Timeline
DTSQRDT CLOUD STAR ACQUISITION CO	50,000	$7.92K	<0.01%	0	Timeline
CUBWWLIONHEART HOLDINGS	50,000	$7K	<0.01%	0	Timeline
GLOBAL BLK-CW27 EQUITYGLOBAL BLK-CW27 EQUITY	225,000	$6.75K	<0.01%	0
CYCUWCYCURION INC	164,500	$6.58K	<0.01%	0	Timeline
SBCWWSBC MED GROUP HLDGS INC	35,000	$6.51K	<0.01%	0	Timeline
ANNAWALEANNA INC	23,250	$5.81K	<0.01%	-1,750	Timeline
COCHWENVOY MEDICAL INC	174,000	$5.74K	<0.01%	0	Timeline
MRNOWMURANO GLOBAL INVT PLC	23,500	$5.43K	<0.01%	0	Timeline
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	25,000	$5.24K	<0.01%	0
SUMMIT HEALTHCARE ACQUISITI…SUMMIT HEALTHCARE ACQUISITION	125,000	$5.15K	<0.01%	0
FLYEXCLUSIVE INCFLYEXCLUSIVE INC	50,422	$5.04K	<0.01%	0
NUAIWNEW ERA ENERGY & DIGITAL INC	34,875	$4.88K	<0.01%	0	Timeline
CN HEALTHY FOOD TECH GROUP CCN HEALTHY FOOD TECH GROUP C	150,000	$4.8K	<0.01%	0
GCLWWGCL GLOBAL HLDGS LTD	95,000	$4.8K	<0.01%	new	Timeline
NVNIWNVNI GROUP LIMITED	162,750	$4.66K	<0.01%	0	Timeline
TVGNWTEVOGEN INC	86,292	$4.65K	<0.01%	0	Timeline
EON RESOURCES INCEON RESOURCES INC	71,250	$4.28K	<0.01%	0
AMODWALPHA MODUS HLDGS INC	69,750	$4.22K	<0.01%	0	Timeline
RMSGWREAL MESSENGER CORP.	74,400	$4.11K	<0.01%	0	Timeline
HOLLEY INCHOLLEY INC	79,311	$3.97K	<0.01%	0
MSAIWMULTISENSOR AI HOLDINGS INC	96,838	$3.89K	<0.01%	0	Timeline
OPTXWSYNTEC OPTICS HLDGS INC	69,750	$3.54K	<0.01%	0	Timeline
DIGIASISIA WARRANTSDIGIASISIA WARRANTS	116,194	$3.49K	<0.01%	0
HOVRWNEW HORIZON AIRCRAFT LTD	100,000	$3.41K	<0.01%	0	Timeline
ESLAWESTRELLA IMMUNOPHARMA INC	42,293	$3.26K	<0.01%	0	Timeline
AI TRANSPORTATION ACQUIS-RTSAI TRANSPORTATION ACQUIS-RTS	20,000	$3.1K	<0.01%	0
ZOOZWZOOZ STRATEGY LTD	58,750	$2.94K	<0.01%	0	Timeline
ZEOWWZEO ENERGY CORP	46,500	$2.65K	<0.01%	0	Timeline
Distoken Acquisition CorpDistoken Acquisition Corp	100,000	$2.59K	<0.01%	0
KVACWKEEN VISION ACQUISITION CORP	75,000	$2.44K	<0.01%	0	Timeline
Oak Woods Acquisition CorpOak Woods Acquisition Corp	68,000	$2.38K	<0.01%	0
Cartesian Growth Corp IICartesian Growth Corp II	33,333	$2.35K	<0.01%	0
BAERWBRIDGER AEROSPACE GRP HLDGS	41,500	$2.22K	<0.01%	0	Timeline
BDMDWBAIRD MED INVT HLDGS LTD	23,250	$1.75K	<0.01%	0	Timeline
AERTWAERIES TECHNOLOGY INC	56,416	$1.69K	<0.01%	0	Timeline
00	90,000	$1.66K	<0.01%	0
ONMDWONEMEDNET CORP	49,700	$1.27K	<0.01%	0	Timeline
AESTHER HC -CW23 EQUITYAESTHER HC -CW23 EQUITY	46,500	$1.24K	<0.01%	0
RMCOWROYALTY MGMT HLDG CORP	81,519	$1.23K	<0.01%	0	Timeline
VAST RENEWABLES LIMITEDVAST RENEWABLES LIMITED	34,875	$1.18K	<0.01%	0
VEEAWVEEA INC	13,700	$1.13K	<0.01%	0	Timeline
RDZNWROADZEN INC	18,600	$1.04K	<0.01%	0	Timeline
WTS PHOENIX BIOTECH ACQUISI…WTS PHOENIX BIOTECH ACQUISITIO	23,250	$337	<0.01%	-1,750
HERAMBA ELECTRIC EQHERAMBA ELECTRIC EQ	23,250	$235	<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	$392M	0
OIHVANECK ETF TRUST OIL SERVICES ETF	put	450,000	$118M	+300,000
SPYSTATE STR SPDR S&P 500 ETF T SHS	call	200,000	$112M	new
AAPLAPPLE INC COM	put	400,000	$88.9M	+250,000
XOPSPDR SERIES TRUST S&P OILGAS EXP	put	350,000	$46.1M	-200,000
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC COMMON STOCK	call	250,100	$33M	new
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC COMMON STOCK	put	200,000	$26.4M	new
TSLATESLA INC COM	put	100,000	$25.9M	new
KKRKKR & CO INC COM	put	200,000	$23.1M	-250,000
NVDANVIDIA CORPORATION COM	put	200,000	$21.7M	new
MARAMARA HOLDINGS INC Stock	put	1,581,500	$18.2M	+481,500
RIVNRIVIAN AUTOMOTIVE INC Stock	put	1,456,300	$18.1M	-43,700
LUMNLUMEN TECHNOLOGIES INC COM	put	4,300,000	$16.9M	-500,000
MPTMEDICAL PROPERTIES TRUST INC REIT	put	1,500,000	$9.04M	+1,000,000
HLFHERBALIFE LTD COM SHS	put	970,000	$8.37M	-730,000
WOLFSPEED INCWOLFSPEED INC COM	put	2,500,000	$7.65M	+500,000
XRXXEROX HOLDINGS CORP COM NEW	put	1,500,000	$7.25M	new
JBLUJETBLUE AIRWAYS CORP COM	call	1,250,000	$6.03M	+750,000
AMCAMC ENTMT HLDGS INC CL A NEW	put	2,000,000	$5.74M	-200,000
RUNSUNRUN INC COM	put	962,500	$5.64M	-287,500
AALAMERICAN AIRLINES GROUP INC Stock	put	500,000	$5.28M	0
HTZHERTZ GLOBAL HLDGS INC COM NEW	put	1,176,900	$4.64M	new
NFENEW FORTRESS ENERGY INC COM CL A	put	400,000	$3.32M	new
BYNDBEYOND MEAT INC COM	put	957,400	$2.92M	-994,400
AZUL S AAZUL S A OPT	put	1,500,000	$2.46M	+500,000
NIONIO INC ADR	put	500,000	$1.91M	0
WOLFSPEED INCWOLFSPEED INC COM	call	600,000	$1.84M	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
WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1	principal	121,050,000	$156M	+5,000,000
ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3	principal	119,633,389	$134M	+76,298,544
INSMED INCINSMED INC NOTE 0.750% 6/0	principal	44,084,000	$105M	-22,500,000
SEA LTDSEA LTD NOTE 2.375%12/0	principal	56,095,000	$82.6M	-2,500,000
BLOOM ENERGY CORPBLOOM ENERGY CORP Bond	principal	55,112,000	$72M	+5,250,000
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0	principal	77,450,000	$71.6M	new
CINEMARK HLDGS INCCINEMARK HLDGS INC NOTE 4.500% 8/1	principal	36,982,000	$64.5M	+9,500,000
FRESHPET INCFRESHPET INC NOTE 3.000% 4/0	principal	43,680,000	$61.7M	-11,420,000
SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT CO Convertible	principal	51,000,000	$61.4M	0
AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0	principal	57,486,000	$57.5M	-10,000,000
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1	principal	57,737,000	$50M	-5,000,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1	principal	42,442,000	$49.9M	+3,000,000
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 4.000% 3/1	principal	50,512,000	$45.7M	-2,688,000
WAYFAIR INCWAYFAIR INC Convertible bond	principal	36,250,000	$38.8M	+500,000
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0	principal	36,500,000	$38.6M	0
COLLEGIUM PHARMACEUTICAL INCCOLLEGIUM PHARMACEUTICAL INC NOTE 2.875% 2/1	principal	33,200,000	$35.7M	-4,250,000
NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0	principal	30,365,000	$35M	new
ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC NOTE 1.000%12/0	principal	47,387,000	$34.7M	-13,900,000
HERBALIFE LTDHERBALIFE LTD NOTE 4.250% 6/1	principal	37,401,000	$32.1M	+517,000
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0	principal	32,421,000	$31.7M	0
HCI GROUP INCHCI GROUP INC NOTE 4.750% 6/0	principal	16,250,000	$30.2M	0
EVERGY INCEVERGY INC NOTE 4.500%12/1	principal	25,000,000	$29.4M	+5,000,000
TYLER TEX INDPT SCH DISTTYLER TEX INDPT SCH DIST NOTE 0.250% 3/1	principal	23,859,000	$29.1M	+5,335,000
NOVAVAX INCNOVAVAX INC NOTE 5.000%12/1	principal	30,750,000	$28M	-4,000,000
SUNRUN INCSUNRUN INC NOTE 4.000% 3/0	principal	37,050,000	$26.4M	new
XOMETRY INCXOMETRY INC NOTE 1.000% 2/0	principal	25,813,000	$24.9M	-7,000,000
XEROX HOLDINGS CORPXEROX HOLDINGS CORP NOTE 3.750% 3/1	principal	43,050,000	$24.3M	new
PTC THERAPEUTICS INCPTC THERAPEUTICS INC NOTE 1.500% 9/1	principal	19,000,000	$22.2M	+7,000,000
ARTIVION INCARTIVION INC NOTE 4.250% 7/0	principal	19,250,000	$21.4M	0
STRATEGY INCSTRATEGY INC NOTE 0.875% 3/1	principal	14,025,000	$19.8M	new
NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1	principal	29,294,000	$19.6M	-1,250,000
WAYFAIR INCWAYFAIR INC NOTE 0.625%10/0	principal	20,000,000	$19.4M	0
ZYNEX INCZYNEX INC NOTE 5.000% 5/1	principal	25,000,000	$18.6M	0
WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0	principal	86,000,000	$18.5M	+25,000,000
TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1	principal	19,597,000	$18.4M	new
NIO INCNIO INC NOTE 4.625%10/1	principal	26,000,000	$18M	0
SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0	principal	14,000,000	$17.2M	-21,500,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	16,000,000	$16.6M	-9,000,000
LIVANOVA PLCLIVANOVA PLC NOTE 2.500% 3/1	principal	16,293,000	$15.5M	new
FIVE9 INCFIVE9 INC CNV	principal	17,000,000	$14.5M	new
CANADIAN SOLAR INCCANADIAN SOLAR INC NOTE 2.500%10/0	principal	14,382,000	$13.9M	-21,000,000
LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 11.500% 1/1	principal	27,753,000	$13M	0
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 3.750% 2/1	principal	43,663,000	$10.9M	0
TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1	principal	9,279,000	$9.19M	0
PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1	principal	10,805,000	$8.91M	+200,000
TRANSOCEAN INCTRANSOCEAN INC DEB 4.625% 9/3	principal	7,283,000	$8.84M	-3,500,000
REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1	principal	8,857,000	$8.62M	0
OMEROS CORPOMEROS CORP NOTE 5.250% 2/1	principal	8,760,000	$8.01M	0
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 3.250%10/0	principal	7,550,000	$7.8M	0
UPSTART HLDGS INCUPSTART HLDGS INC NOTE 0.250% 8/1	principal	7,604,000	$7.08M	-257,000
OATLY GROUP ABOATLY GROUP AB NOTE 9.250% 9/1	principal	11,015,348	$6.8M	0
MACOM TECH SOLUTIONS HLDGS IMACOM TECH SOLUTIONS HLDGS I NOTE 0.250% 3/1	principal	5,200,000	$6.61M	new
GROUPON INCGROUPON INC NOTE 6.250% 3/1	principal	6,300,000	$6.58M	0
LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1	principal	21,809,000	$5.78M	+7,250,000
GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0	principal	10,004,000	$5.6M	0
WOLFSPEED INCWOLFSPEED INC NOTE 1.750% 5/0	principal	7,639,000	$4.81M	0
ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1	principal	4,500,000	$4.59M	-13,430,000
TPI COMPOSITES INCTPI COMPOSITES INC FIXED	principal	29,912,000	$4.49M	0
PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0	principal	4,500,000	$4.43M	-8,000,000
INNOVATE CORPINNOVATE CORP NOTE 7.500% 8/0	principal	6,887,000	$3.78M	0
BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1	principal	30,609,000	$3.37M	-19,544,000
VERITONE INCVERITONE INC NOTE 1.750%11/1	principal	7,650,000	$3.14M	0
CARDLYTICS INCCARDLYTICS INC BOND	principal	3,000,000	$2.77M	0
FARO Technologies IncFARO Technologies Inc Convertible bond	principal	2,000,000	$2.03M	0

Sold out in Q1 2025

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

Security	Shares before	Value before	Type
MICROSTRATEGY INCMICROSTRATEGY INC	100,720,000	$208M	principal
SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC.	72,652,000	$43M	principal
BAPRABOEING CO	650,000	$39.6M	shares
CIVICIVITAS RESOURCES INC	367,000	$16.8M	shares
SPIRIT AEROSYSTEMS INCSPIRIT AEROSYSTEMS INC	8,750,000	$11.8M	principal
VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC	11,500,000	$10.3M	principal
EXACT SCIENCES CORPEXACT SCIENCES CORP	5,000,000	$4.98M	principal
EWZISHARES INC	200,000	$4.5M	put
NIO INCNIO INC	6,000,000	$4.4M	principal
REDFIN CORPREDFIN CORP	5,685,000	$4.36M	principal
DRDBUROMAN DBDR ACQUISITION CORP	400,000	$3.99M	shares
NOEMUCO2 ENERGY TRANSITION CORP	390,000	$3.91M	shares
VMOINVESCO MUN OPPORTUNIT TR	254,394	$2.47M	shares
NORDSTROM INCNORDSTROM INC	96,957	$2.34M	shares
SUNNOVA ENERGY INTL INC.SUNNOVA ENERGY INTL INC.	3,250,000	$1.22M	principal
DT CLOUD ACQUISITION CORPDT CLOUD ACQUISITION CORP	107,306	$1.12M	shares
AZUL S AAZUL S A	559,775	$935K	shares
CUTERA INCCUTERA INC	10,390,000	$883K	principal
NACNUVEEN CA DIVI ADV MUN	72,679	$821K	shares
VODVODAFONE GROUP PLC	90,585	$769K	shares
HTZWWHERTZ GLOBAL HLDGS INC	228,088	$490K	shares
CXHMFS INVT GRADE MUN TR	49,454	$395K	shares
WW INTL INCWW INTL INC	200,000	$254K	put
HTZHERTZ GLOBAL HLDGS INC	50,440	$185K	shares
URGENTLY INC COM NEWURGENTLY INC COM NEW	278,189	$142K	shares
OCSAWOCULIS HOLDING AG	16,833	$90.7K	shares
BYNDBEYOND MEAT INC	20,557	$77.3K	shares
RF ACQUISITION CORPRF ACQUISITION CORP	95,000	$14.8K	shares
WTS/EVERGREEN CORPORATION E…WTS/EVERGREEN CORPORATION EXP 02/…	332,500	$9.22K	shares
BANNIX ACQUISITION CORPBANNIX ACQUISITION CORP	93,000	$8.95K	shares
Valuence Merger Corp IValuence Merger Corp I	252,525	$8.86K	shares
CSLM Acquisition CorpCSLM Acquisition Corp	42,300	$6.34K	shares
POWERUP ACQUISITION CORPPOWERUP ACQUISITION CORP	118,750	$5.64K	shares
PLMWFPLUM ACQUISITION CORP. III WAR	23,250	$4.18K	shares
RF ACQUISITION CORPRF ACQUISITION CORP	95,000	$2.99K	shares
BANNIX ACQUISITION CORPBANNIX ACQUISITION CORP	93,000	$2.57K	shares
Futuretech II Acquisition C…Futuretech II Acquisition Corp	144,020	$2.22K	shares
TECHNOLOGY & TELECOMMUNICAT…TECHNOLOGY & TELECOMMUNICATION	117,500	$2.03K	shares
CSLM ACQUISITION CORPCSLM ACQUISITION CORP	21,150	$1.69K	shares

How Q1 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 0001257391-25-000006	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC
13F-HR/A 0000905148-26-003952	added	new holdings	2026-08-26	acceptance time not in the bulk data set	2026-10-06 09:57:27 UTC