BERKLEY W R CORP Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$2.1B

Holdings

278

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (278 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	EPDENTERPRISE PRODUCTS PARTNERS	6,825,000	$218.8M	10.30%
2	NVDANVIDIA CORPORATION	886,200	$165.3M	7.78%	Put
3	MSFTMICROSOFT CORP	305,200	$147.6M	6.94%	Put
4	GOOGLALPHABET INC	438,800	$137.3M	6.46%	Put
5	ETENERGY TRANSFER L P	8,250,000	$136.0M	6.40%
6	TSLATESLA INC	266,600	$119.9M	5.64%	Put
7	KMIKINDER MORGAN INC DEL	2,837,206	$78.0M	3.67%
8	PAAPLAINS ALL AMERICAN PIPELINE	2,684,307	$48.2M	2.27%
9	NFLXNETFLIX INC	498,000	$46.7M	2.20%	Put
10	ONON SEMICONDUCTOR CORP	731,118	$39.6M	1.86%
11	WESWESTERN MIDSTREAM PARTNERS	887,163	$35.0M	1.65%
12	YCYAA MISSION ACQUISITION CORP	3,230,319	$34.5M	1.62%
13	AMZNAMAZON COM INC	139,200	$32.1M	1.51%	Put
14	ANSCAGRICULTURE & NAT SOL ACQ CO	2,525,578	$28.3M	1.33%
15	CRMSALESFORCE INC	103,800	$27.5M	1.29%	Put
16	FTWEQV VENTURES ACQUISITION COR	2,574,165	$27.0M	1.27%
17	GBLIGLOBAL INDEMNITY GROUP LLC	919,661	$26.1M	1.23%
18	PGRPROGRESSIVE CORP	107,589	$24.5M	1.15%
19	HYACHAYMAKER ACQUISITION CORP IV	1,964,207	$22.4M	1.05%
20	VACHVOYAGER ACQUISITION CORP	1,800,824	$19.2M	0.90%
21	FTWEQV VENTURES AC CORP. II	1,851,475	$18.6M	0.87%
22	KCHVKOCHAV DEFENSE ACQUI CO	1,686,575	$17.1M	0.80%
23	LPAALAUNCH ONE ACQUISITION CORP	1,423,290	$15.1M	0.71%
24	SBXDSILVERBOX CORP IV	1,211,674	$12.8M	0.60%
25	GIWGIGCAPITAL8 CORP	1,289,470	$12.8M	0.60%
26	JOEST JOE CO	209,542	$12.4M	0.59%
27	VAC 0 01/15/26MARRIOTT VACATIONS WORLDWIDE	12,434,000	$12.4M	0.58%
28	IPCXINFLECTION PT ACQUISITION CO	1,184,193	$12.0M	0.56%
29	CEPFCANTOR EQUITY PARTNERS III I	1,053,238	$10.7M	0.51%
30	—M3BRIGADE ACQUISITION V CORP	996,278	$10.6M	0.50%
31	TACOBERTO ACQUISITION CORP	1,024,734	$10.4M	0.49%
32	CEPFCANTOR EQUITY PARTNERS I INC	970,527	$10.1M	0.48%
33	KFIIK&F GROWTH ACQUISITION CORP	975,455	$10.1M	0.47%
34	FUBO 3.25 02/15/26FUBOTV INC	9,943,000	$10.1M	0.47%
35	CCIXCHURCHILL CAPITAL CORP IX	936,181	$10.0M	0.47%
36	COPLCOPLEY ACQUISITION CORP	928,219	$9.5M	0.45%
37	MACIMELAR ACQUISITION CORP. I	868,489	$9.2M	0.43%
38	INN 1.5 02/15/26SUMMIT HOTEL PPTYS	9,027,000	$9.0M	0.42%
39	GTERAGLOBA TERRA ACQUISITION COR	886,763	$9.0M	0.42%
40	KVACKEEN VISION ACQUISITION CORP	749,372	$8.8M	0.41%
41	CEPFCANTOR EQUITY PARTNERS V INC	792,962	$8.1M	0.38%
42	CAPNCAYSON ACQUISITION CORP	763,302	$8.1M	0.38%
43	PLMKPLUM ACQUISITION CORP IV	768,888	$8.0M	0.38%
44	BACQINFLECTION POINT ACQU CORP V	757,946	$7.8M	0.37%
45	CHARCHARLTON ARIA ACQUISITION CO	736,229	$7.7M	0.36%
46	HSPTHORIZON SPACE ACQUISITION II	722,015	$7.6M	0.36%
47	BLUWBLUE WTR ACQUISITION CORP. I	731,506	$7.5M	0.36%
48	BACQINFLECTION POINT ACQUISITION	633,772	$6.8M	0.32%
49	CUBLIONHEART HOLDINGS	631,867	$6.7M	0.32%
50	BACVERIZON COMMUNICATIONS INC	157,666	$6.4M	0.30%
51	LPBBLAUNCH TWO ACQUISITION CORP.	612,172	$6.4M	0.30%
52	PGACPANTAGES CAPITAL ACQUISITION	581,865	$6.0M	0.28%
53	—RANGE CAP ACQUISITION CORP	572,060	$6.0M	0.28%
54	PELIPELICAN ACQUISITION CORP	578,199	$5.9M	0.28%
55	CHECCHENGHE ACQUISITION III CO	570,610	$5.7M	0.27%
56	XRPNARMADA ACQUISITION CORP II	551,981	$5.7M	0.27%
57	SIMASIM ACQUISITION CORP. I	521,518	$5.5M	0.26%
58	CCIICOHEN CIRCLE ACQUISIT CORP I	525,621	$5.4M	0.25%
59	BEAGBOLD EAGLE ACQUISITION CORP	508,724	$5.4M	0.25%
60	—GENERAL PURP ACQUISITION COR	518,565	$5.2M	0.24%
61	IPODDUNE ACQUISITION CORP II	500,155	$5.1M	0.24%
62	TACHTITAN ACQUISITION CORP	496,400	$5.1M	0.24%
63	GTENGORES HLDGS X INC	492,370	$5.0M	0.24%
64	—HENNESSY CAP INVT CORP VII	478,169	$4.9M	0.23%
65	ETHMDYNAMIX CORP	476,452	$4.9M	0.23%
66	RIBBRIBBON ACQUISITION CORP	462,604	$4.8M	0.23%
67	OYSEOYSTER ENTERPRISES II ACQUIS	475,872	$4.8M	0.23%
68	TVAITHAYER VENTURES ACQ CORP II	463,391	$4.7M	0.22%
69	GIGGIGCAPITAL7 CORP	423,595	$4.5M	0.21%
70	NMPNMP ACQUISITION CORP	445,304	$4.5M	0.21%
71	AEXAAMERICAN EXCEPTIONALISM ACQU	391,714	$4.5M	0.21%
72	ALDFALDEL FINL II INC	425,000	$4.5M	0.21%
73	POLEANDRETTI ACQUISITION CORP II	421,812	$4.4M	0.21%
74	PCAPPROCAP ACQUISITION CORP	427,737	$4.3M	0.20%
75	FSHPFLAG SHIP ACQUISITION CORP	400,938	$4.3M	0.20%
76	OBAOXLEY BRIDGE ACQ LTD	424,660	$4.3M	0.20%
77	COLACOLUMBUS ACQUISITION CORP	405,031	$4.2M	0.20%
78	SPEGSILVER PEGASUS ACQUISITION C	415,865	$4.2M	0.20%
79	SCIISC II ACQUISITION CORP	412,893	$4.2M	0.20%
80	AACBARTIUS II ACQUISITION INC	396,960	$4.1M	0.19%
81	NPACNEW PROVIDENCE ACQUISITION C	396,879	$4.1M	0.19%
82	CGCTCARTESIAN GROWTH CORP III	393,552	$4.1M	0.19%
83	SZZLSIZZLE ACQUISITION CORP. II	396,768	$4.0M	0.19%
84	—CSLM DIGITA ASSET ACQ CORP I	396,106	$3.9M	0.19%
85	LOBLIVE OAK ACQUISITION CORP V	377,192	$3.9M	0.18%
86	MCGAYORKVILLE ACQUISITION CORP.	383,347	$3.9M	0.18%
87	MLACMOUNTAIN LAKE ACQUISITION CO	362,533	$3.8M	0.18%
88	LATAGALATA ACQUISITION CORP II	371,961	$3.7M	0.17%
89	UYSCUY SCUTI ACQUISITION CORP.	356,642	$3.7M	0.17%
90	JACSJACKSON ACQUISITION CO II	346,265	$3.6M	0.17%
91	—YHN ACQUISITION I LTD	335,894	$3.6M	0.17%
92	SOULSOULPOWER ACQUISITION CORP	347,330	$3.5M	0.17%
93	BKHABLACK HAWK ACQUISITION CORP	309,134	$3.5M	0.16%
94	LEGTLEGATO MERGER CORP III	318,745	$3.5M	0.16%
95	YCYAA MISSION ACQUISITION CORP	342,434	$3.4M	0.16%
96	—EUREKA ACQUISITION CORP	305,628	$3.3M	0.16%
97	HVMCHIGHVIEW MERGER CORP	333,856	$3.3M	0.16%
98	GPATGP-ACT III ACQUISITION CORP	312,290	$3.3M	0.16%
99	BSAABEST SPAC I ACQUISITION CORP	325,255	$3.3M	0.15%
100	QSEAQUARTZSEA ACQUISITION CORP	317,686	$3.2M	0.15%

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