PICTON MAHONEY ASSET MANAGEMENT Q4 2025 Filing

Filed February 11, 2026

Portfolio Value

$12.9B

Holdings

1,180

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,180 positions)

#	Stock	Shares	Value	% Portfolio	Type
301	B7SBROOKDALE SR LIVING INC	552,507	$5.0M	0.04%
302	BLZRTRAILBLAZER ACQUISITION CORP	499,995	$5.0M	0.04%
303	PAIIPYROPHYTE ACQUISITION CORP	500,000	$5.0M	0.04%
304	SZZLSIZZLE ACQUISITION CORP. II	500,000	$5.0M	0.04%
305	RDAGREPUBLIC DIGITAL ACQUISITION	500,000	$5.0M	0.04%
306	IGACINVEST GREEN ACQUISITION COR	500,000	$5.0M	0.04%
307	LFACLEAPFROG ACQUISITION CORP	500,500	$5.0M	0.04%
308	ATIIARCHIMEDES TECH SPAC PARTNER	500,000	$5.0M	0.04%
309	SOULSOULPOWER ACQUISITION CORP	500,000	$5.0M	0.04%
310	PGPROCTER AND GAMBLE CO	35,836	$5.0M	0.04%
311	FERAFIFTH ERA ACQUISITION CORP I	500,000	$5.0M	0.04%
312	NRANRG ENERGY INC	36,698	$5.0M	0.04%
313	TXNMTXNM ENERGY INC	100,000	$5.0M	0.04%
314	INODINNODATA INC	109,001	$5.0M	0.04%
315	SBXESILVERBOX CORP V	500,000	$5.0M	0.04%
316	BLRKBLUEROCK ACQUISITION CORP	500,000	$5.0M	0.04%
317	PRIMPRIMORIS SVCS CORP	44,297	$5.0M	0.04%
318	KEXKIRBY CORP	51,188	$5.0M	0.04%
319	VNMEVENDOME ACQUISITION CORP I	450,000	$4.0M	0.03%
320	GIWGIGCAPITAL8 CORP	425,000	$4.0M	0.03%
321	TAT&T INC	193,620	$4.0M	0.03%
322	SYMSYMBOTIC INC	72,583	$4.0M	0.03%
323	CTLPCANTALOUPE INC	400,000	$4.0M	0.03%
324	LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN	3,000,000	$4.0M	0.03%
325	LEGTLEGATO MERGER CORP III	400,000	$4.0M	0.03%
326	CMACOMERICA INC	48,055	$4.0M	0.03%
327	TDACWTRANSLATIONAL DEV ACQUISITIO	475,002	$4.0M	0.03%
328	—SILICON VY ACQUISITION CORP	500,000	$4.0M	0.03%
329	MCHPMICROCHIP TECHNOLOGY INC	77,618	$4.0M	0.03%
330	TDWDTAILWIND 2.0 ACQUISITION COR	500,000	$4.0M	0.03%
331	BLUWBLUE WTR ACQUISITION CORP. I	400,000	$4.0M	0.03%
332	GQ9SPDR GOLD TR	12,000	$4.0M	0.03%	Put
333	ACNACCENTURE PLC IRELAND	16,243	$4.0M	0.03%
334	VACIVIKING ACQUISITION CORP I	499,998	$4.0M	0.03%
335	JACSJACKSON ACQUISITION CO II	400,000	$4.0M	0.03%
336	BEBETGE VALUE CREATIVE SOLUTIONS	500,000	$4.0M	0.03%
337	LKSPLAKE SUPERIOR ACQUISITION CO	499,989	$4.0M	0.03%
338	PEPPEPSICO INC	30,201	$4.0M	0.03%
339	FUODOLBY LABORATORIES INC	63,773	$4.0M	0.03%
340	WFCWELLS FARGO CO NEW	53,449	$4.0M	0.03%
341	—APEX TREAS CORP	500,000	$4.0M	0.03%
342	LAFALAFAYETTE ACQUISITION CORP	431,115	$4.0M	0.03%
343	ADMAADMA BIOLOGICS INC	230,816	$4.0M	0.03%
344	BACQINFLECTION POINT ACQUISITION	420,928	$4.0M	0.03%
345	BIXIBITCOIN INFRASTRUCTURE ACQUI	500,000	$4.0M	0.03%
346	INGRINGREDION INC	43,356	$4.0M	0.03%
347	MANHMANHATTAN ASSOCIATES INC	20,108	$3.0M	0.02%
348	SMPLSIMPLY GOOD FOODS CO	188,617	$3.0M	0.02%
349	CDWCDW CORP	23,514	$3.0M	0.02%
350	CHRCHURCHILL DOWNS INC	30,531	$3.0M	0.02%
351	TAPMOLSON COORS BEVERAGE CO	75,067	$3.0M	0.02%
352	SLBSLB LIMITED	88,051	$3.0M	0.02%
353	ALKALASKA AIR GROUP INC	67,941	$3.0M	0.02%
354	FANGDIAMONDBACK ENERGY INC	21,939	$3.0M	0.02%
355	NHICNEWHOLD INVT CORP III	300,000	$3.0M	0.02%
356	ZTSZOETIS INC	29,781	$3.0M	0.02%
357	VACHVOYAGER ACQUISITION CORP	350,000	$3.0M	0.02%
358	INDAISHARES TR	59,251	$3.0M	0.02%
359	GLOBGLOBANT S A	51,016	$3.0M	0.02%
360	PAYOPAYONEER GLOBAL INC	597,923	$3.0M	0.02%
361	WWAYFAIR INC	36,380	$3.0M	0.02%
362	IPODDUNE ACQUISITION CORP II	350,000	$3.0M	0.02%
363	PMTRPERIMETER ACQUISITION CORP I	325,000	$3.0M	0.02%
364	BMYBRISTOL-MYERS SQUIBB CO	68,681	$3.0M	0.02%
365	IFFINTERNATIONAL FLAVORS&FRAGRA	53,770	$3.0M	0.02%
366	ODFLOLD DOMINION FREIGHT LINE IN	22,351	$3.0M	0.02%
367	CHRDCHORD ENERGY CORPORATION	42,506	$3.0M	0.02%
368	UAUNDER ARMOUR INC	833,125	$3.0M	0.02%
369	OWLBLUE OWL CAPITAL INC	212,309	$3.0M	0.02%
370	MUSAMURPHY USA INC	9,112	$3.0M	0.02%
371	CMCSACOMCAST CORP NEW	127,479	$3.0M	0.02%
372	TWLVTWELVE SEAS INVT CO III	400,000	$3.0M	0.02%
373	FCNCAFIRST CTZNS BANCSHARES INC D	1,713	$3.0M	0.02%
374	IEXIDEX CORP	19,923	$3.0M	0.02%
375	HUBSHUBSPOT INC	8,961	$3.0M	0.02%
376	SRRKSCHOLAR ROCK HLDG CORP	78,046	$3.0M	0.02%
377	CPRTCOPART INC	91,491	$3.0M	0.02%
378	SPEGSILVER PEGASUS ACQUISITION C	350,000	$3.0M	0.02%
379	JEFJEFFERIES FINL GROUP INC	62,809	$3.0M	0.02%
380	CEPFCANTOR EQUITY PARTNERS III I	350,000	$3.0M	0.02%
381	—CSLM DIGITA ASSET ACQ CORP I	350,000	$3.0M	0.02%
382	BIRKBIRKENSTOCK HOLDING PLC	78,726	$3.0M	0.02%
383	GDDYGODADDY INC	27,405	$3.0M	0.02%
384	SACSAFEGUARD ACQUISITION CORP	338,400	$3.0M	0.02%
385	MACIMELAR ACQUISITION CORP. I	325,000	$3.0M	0.02%
386	OCOWENS CORNING NEW	30,428	$3.0M	0.02%
387	CSXCSX CORP	105,750	$3.0M	0.02%
388	DECKDECKERS OUTDOOR CORP	34,913	$3.0M	0.02%
389	RYANRYAN SPECIALTY HOLDINGS INC	67,641	$3.0M	0.02%
390	EWWISHARES INC	46,109	$3.0M	0.02%
391	CECELANESE CORP DEL	81,275	$3.0M	0.02%
392	CLVTCLARIVATE PLC	987,581	$3.0M	0.02%
393	TVATEXAS VENTURES ACQUISITION I	300,000	$3.0M	0.02%
394	ZZILLOW GROUP INC	46,473	$3.0M	0.02%
395	FIVNFIVE9 INC	162,772	$3.0M	0.02%
396	DSACUDAEDALUS SPL ACQUISITION COR	300,000	$3.0M	0.02%
397	TVAITHAYER VENTURES ACQ CORP II	300,000	$3.0M	0.02%
398	EUENCORE ENERGY CORP	914,857	$2.0M	0.02%
399	KOYNDIGITAL ASSET ACQUISITION CO	250,000	$2.0M	0.02%
400	LNCLINCOLN NATL CORP IND	46,451	$2.0M	0.02%

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