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
401	STXSEAGATE TECHNOLOGY HLDNGS PL	10,490	$2.0M	0.02%
402	ETNEATON CORP PLC	8,900	$2.0M	0.02%
403	EROERO COPPER CORP	78,658	$2.0M	0.02%
404	DNMXDYNAMIX CORP III	300,000	$2.0M	0.02%
405	—SOCIAL COMM PARTNERS CORP	275,000	$2.0M	0.02%
406	SVCCUSTELLAR V CAP CORP	200,000	$2.0M	0.02%
407	EUENCORE ENERGY CORP	914,857	$2.0M	0.02%
408	GSHRGESHER ACQUISITION CORP. II	225,000	$2.0M	0.02%
409	—MCKINLEY ACQUISITION CORP	250,000	$2.0M	0.02%
410	FFORD MTR CO	152,699	$2.0M	0.02%
411	LWACLIGHTWAVE ACQUISITION CORP	200,000	$2.0M	0.02%
412	VCICVINE HILL CAP INVTS CORP II	250,000	$2.0M	0.02%
413	HSTHOST HOTELS & RESORTS INC	133,788	$2.0M	0.02%
414	NLYANNALY CAPITAL MANAGEMENT IN	107,615	$2.0M	0.02%
415	LNCLINCOLN NATL CORP IND	46,451	$2.0M	0.02%
416	WENNWEN ACQUISITION CORP	250,000	$2.0M	0.02%
417	JAMFJAMF HLDG CORP	200,000	$2.0M	0.02%
418	NSZNETSCOUT SYS INC	74,952	$2.0M	0.02%
419	TLNCWTALON CAP CORP	217,833	$2.0M	0.02%
420	EWZISHARES INC	78,472	$2.0M	0.02%
421	SYNA 0.75 12/01/31SYNAPTICS INC	2,000,000	$2.0M	0.02%
422	RAAQREAL ASSET ACQUISITION CORP	250,000	$2.0M	0.02%
423	BCARD. BORAL ARC ACQ I CORP	275,000	$2.0M	0.02%
424	DRHDIAMONDROCK HOSPITALITY CO	227,245	$2.0M	0.02%
425	KOYNDIGITAL ASSET ACQUISITION CO	250,000	$2.0M	0.02%
426	HBANHUNTINGTON BANCSHARES INC	135,873	$2.0M	0.02%
427	XRPNARMADA ACQUISITION CORP II	200,000	$2.0M	0.02%
428	CEPFCANTOR EQUITY PARTNERS V INC	250,000	$2.0M	0.02%
429	IVTINVENTRUST PPTYS CORP	101,567	$2.0M	0.02%
430	MKSI 1.25 06/01/30MKS INC	2,000,000	$2.0M	0.02%
431	EZAISHARES INC	39,234	$2.0M	0.02%
432	HSYHERSHEY CO	12,990	$2.0M	0.02%
433	IVZINVESCO LTD	93,845	$2.0M	0.02%
434	WTWISDOMTREE INC	178,434	$2.0M	0.02%
435	NWAX/UNEW AMER ACQUISITION I CORP	100,000	$1.0M	0.01%
436	SKYWSKYWEST INC	10,928	$1.0M	0.01%
437	ULSUL SOLUTIONS INC	23,157	$1.0M	0.01%
438	SESEA LTD	9,100	$1.0M	0.01%
439	UBSIUNITED BANKSHARES INC WEST V	31,353	$1.0M	0.01%
440	VICIVICI PPTYS INC	43,469	$1.0M	0.01%
441	YELPYELP INC	39,339	$1.0M	0.01%
442	PHPARKER-HANNIFIN CORP	1,175	$1.0M	0.01%
443	GLPIGAMING & LEISURE PPTYS INC	28,213	$1.0M	0.01%
444	APADA PARADISE ACQUISITION CORP	100,000	$1.0M	0.01%
445	HIIHUNTINGTON INGALLS INDS INC	3,778	$1.0M	0.01%
446	KVYOKLAVIYO INC	32,294	$1.0M	0.01%
447	XELXCEL ENERGY INC	16,423	$1.0M	0.01%
448	OGSONE GAS INC	15,998	$1.0M	0.01%
449	BUDANHEUSER BUSCH INBEV SA/NV	17,600	$1.0M	0.01%
450	ASBASSOCIATED BANC CORP	46,112	$1.0M	0.01%
451	BACCBLUE ACQUISITION CORP	192,587	$1.0M	0.01%
452	TRNOTERRENO RLTY CORP	20,500	$1.0M	0.01%
453	GWREGUIDEWIRE SOFTWARE INC	7,415	$1.0M	0.01%
454	SOLVSOLVENTUM CORP	15,170	$1.0M	0.01%
455	MSMMSC INDL DIRECT INC	14,489	$1.0M	0.01%
456	PNFPPINNACLE FINL PARTNERS INC	12,371	$1.0M	0.01%
457	VLTOVERALTO CORP	13,598	$1.0M	0.01%
458	DRDBROMAN DBDR ACQUISITION CORP	175,000	$1.0M	0.01%
459	FCRSFUTURECREST ACQUISITION CORP	100,000	$1.0M	0.01%
460	AVYAVERY DENNISON CORP	9,210	$1.0M	0.01%
461	AXINAXIOM INTELLIGENCE AC CORP 1	175,000	$1.0M	0.01%
462	THGHANOVER INS GROUP INC	8,652	$1.0M	0.01%
463	ETRENTERGY CORP NEW	13,269	$1.0M	0.01%
464	CCIICOHEN CIRCLE ACQUISIT CORP I	100,000	$1.0M	0.01%
465	KFYKORN FERRY	18,064	$1.0M	0.01%
466	GRT-UGRANITE REAL ESTATE INVT TR	29,493	$1.0M	0.01%
467	LASRNLIGHT INC	41,070	$1.0M	0.01%
468	MMM3M CO	10,604	$1.0M	0.01%
469	ONCH1RT ACQUISITION CORP	100,000	$1.0M	0.01%
470	AYIACUITY INC	3,444	$1.0M	0.01%
471	TTWOTAKE-TWO INTERACTIVE SOFTWAR	7,805	$1.0M	0.01%
472	PUKNPRUDENTIAL PLC	90,000	$1.0M	0.01%
473	BRCBRADY CORP	15,359	$1.0M	0.01%
474	CA8ACACI INTL INC	2,447	$1.0M	0.01%
475	OTXOPEN TEXT CORP	35,243	$1.0M	0.01%
476	BMOBANK MONTREAL QUE	12,983	$1.0M	0.01%
477	RAMPLIVERAMP HLDGS INC	40,666	$1.0M	0.01%
478	AERAERCAP HOLDINGS NV	8,761	$1.0M	0.01%
479	GATXGATX CORP	7,320	$1.0M	0.01%
480	NDAQNASDAQ INC	13,531	$1.0M	0.01%
481	ALSALLSTATE CORP	7,598	$1.0M	0.01%
482	GROY/WSGOLD ROYALTY CORP	510,000	$1.0M	0.01%
483	BKUBANKUNITED INC	27,108	$1.0M	0.01%
484	PIPRPIPER SANDLER COMPANIES	3,514	$1.0M	0.01%
485	RTXRTX CORPORATION	8,854	$1.0M	0.01%
486	WECWEC ENERGY GROUP INC	11,802	$1.0M	0.01%
487	HVIIUHENNESSY CAP INVT CORP VII	150,000	$1.0M	0.01%
488	ATROASTRONICS CORP	25,860	$1.0M	0.01%
489	PATHUIPATH INC	101,519	$1.0M	0.01%
490	DVAXDYNAVAX TECHNOLOGIES CORP	121,600	$1.0M	0.01%
491	ENSGENSIGN GROUP INC	7,021	$1.0M	0.01%
492	FDO.FMACYS INC	52,066	$1.0M	0.01%
493	SRSPIRE INC	14,823	$1.0M	0.01%
494	REGREGENCY CTRS CORP	18,201	$1.0M	0.01%
495	WINGWINGSTOP INC	5,933	$1.0M	0.01%
496	CINFCINCINNATI FINL CORP	7,436	$1.0M	0.01%
497	TRVTRAVELERS COMPANIES INC	4,275	$1.0M	0.01%
498	USBUS BANCORP DEL	23,128	$1.0M	0.01%
499	PLMRPALOMAR HLDGS INC	7,980	$1.0M	0.01%
500	QSRRESTAURANT BRANDS INTL INC	17,498	$1.0M	0.01%

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