Warberg Asset Management LLC Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$831.2M
Holdings
181
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (181 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 633,000 | $431.7M | 51.93% | Put |
| 2 | AXON 0.5 12/15/27AXON ENTERPRISE INC | 12,059,000 | $30.4M | 3.66% | |
| 3 | QQQINVESCO QQQ TR | 45,000 | $27.6M | 3.33% | Put |
| 4 | WDC 3 11/15/28WESTERN DIGITAL CORP | 5,731,000 | $26.3M | 3.16% | |
| 5 | MTSI 0.25 03/15/26MACOM TECH SOLUTIONS HLDGS I | 11,650,000 | $24.2M | 2.91% | |
| 6 | CNX 2.25 05/01/26CNX RES CORP | 7,976,000 | $22.8M | 2.75% | |
| 7 | STX 3.5 06/01/28SEAGATE HDD CAYMAN | 6,284,000 | $21.1M | 2.54% | |
| 8 | MCHP 1.625 02/15/27MICROCHIP TECHNOLOGY INC. | 11,106,000 | $19.9M | 2.39% | |
| 9 | LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN | 10,617,000 | $15.4M | 1.86% | |
| 10 | VTR 3.75 06/01/26VENTAS RLTY LTD PARTNERSHIP | 10,243,000 | $14.5M | 1.74% | |
| 11 | BOX 0 01/15/26BOX INC | 11,302,000 | $13.2M | 1.59% | |
| 12 | HALO 1 08/15/28HALOZYME THERAPEUTICS INC | 8,000,000 | $10.6M | 1.28% | |
| 13 | POST 2.5 08/15/27POST HLDGS INC | 8,888,000 | $9.6M | 1.15% | |
| 14 | LITE 0.5 12/15/26LUMENTUM HLDGS INC | 2,360,000 | $8.8M | 1.05% | |
| 15 | ALNY 1 09/15/27ALNYLAM PHARMACEUTICALS INC | 5,002,000 | $7.4M | 0.89% | |
| 16 | SPOT 0 03/15/26SPOTIFY USA INC | 6,152,000 | $7.0M | 0.84% | |
| 17 | PRGSPROGRESS SOFTWARE CORP | 6,606,000 | $6.6M | 0.79% | |
| 18 | SNOW 0 10/01/27SNOWFLAKE INC | 4,136,000 | $6.1M | 0.74% | |
| 19 | WK 1.125 08/15/26WORKIVA INC | 5,005,000 | $5.8M | 0.70% | |
| 20 | WT 3.25 06/15/26WISDOMTREE INC | 5,017,000 | $5.8M | 0.70% | |
| 21 | IONS 0 04/01/26IONIS PHARMACEUTICALS INC | 4,000,000 | $5.5M | 0.66% | |
| 22 | PLTRPALANTIR TECHNOLOGIES INC | 29,000 | $5.2M | 0.62% | Put |
| 23 | F 0 03/15/26FORD MTR CO | 4,326,000 | $4.5M | 0.54% | |
| 24 | TLTISHARES TR | 50,000 | $4.4M | 0.52% | Put |
| 25 | CVNACARVANA CO | 9,000 | $3.8M | 0.46% | Put |
| 26 | —VANECK ETF TRUST | 39,000 | $3.3M | 0.40% | Put |
| 27 | CNP 4.25 08/15/26CENTERPOINT ENERGY INC | 3,000,000 | $3.3M | 0.40% | |
| 28 | OXY/WSOCCIDENTAL PETE CORP | 164,918 | $3.2M | 0.38% | |
| 29 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 3,000,000 | $3.0M | 0.36% | |
| 30 | WT 3.25 08/15/29WISDOMTREE INC | 2,500,000 | $3.0M | 0.36% | |
| 31 | AWK 3.625 06/15/26AMERICAN WTR CAP CORP | 2,751,000 | $2.7M | 0.33% | |
| 32 | NVDANVIDIA CORPORATION | 14,000 | $2.6M | 0.31% | Put |
| 33 | RJR1STEREOTAXIS INC | 1,107,657 | $2.5M | 0.31% | |
| 34 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 1,903,000 | $2.5M | 0.30% | |
| 35 | AQLTISHARES TR | 30,000 | $2.4M | 0.29% | Put |
| 36 | CTLPCANTALOUPE INC | 225,800 | $2.4M | 0.29% | Put |
| 37 | EPR 5.75 PERP CEPR PPTYS | 97,144 | $2.2M | 0.26% | |
| 38 | —VANECK ETF TRUST | 22,000 | $1.9M | 0.23% | Call |
| 39 | CORZWCORE SCIENTIFIC INC NEW | 221,900 | $1.9M | 0.23% | |
| 40 | ATRO 5.5 03/15/30ASTRONICS CORP | 675,000 | $1.7M | 0.21% | |
| 41 | GBX 2.875 04/15/28GREENBRIER COS INC | 1,565,000 | $1.7M | 0.20% | |
| 42 | EPR 9 PERP EEPR PPTYS | 55,449 | $1.7M | 0.20% | |
| 43 | SLVISHARES SILVER TR | 25,000 | $1.6M | 0.19% | Call |
| 44 | ITRI 0 03/15/26ITRON INC | 1,527,000 | $1.5M | 0.18% | |
| 45 | VNMEVENDOME ACQUISITION CORP I | 138,500 | $1.4M | 0.17% | |
| 46 | AAPLAPPLE INC | 5,000 | $1.4M | 0.16% | Call |
| 47 | RGTIRIGETTI COMPUTING INC | 59,800 | $1.3M | 0.16% | Put |
| 48 | BCARD. BORAL ARC ACQ I CORP. | 114,331 | $1.1M | 0.14% | |
| 49 | NENNEW ENGLAND RLTY ASSOC LTD P | 17,041 | $1.1M | 0.13% | |
| 50 | XLFISELECT SECTOR SPDR TR | 20,000 | $1.1M | 0.13% | Put |
| 51 | BAC 7.25 PERP LBANK AMERICA CORP | 873 | $1.1M | 0.13% | |
| 52 | TAVITAVIA ACQUISITION CORP | 104,360 | $1.1M | 0.13% | |
| 53 | CHARCHARLTON ARIA ACQUISITION CO | 98,665 | $1.0M | 0.12% | |
| 54 | IBITISHARES BITCOIN TRUST ETF | 20,000 | $993K | 0.12% | Put |
| 55 | DMIIDRUGS MADE IN AMER ACQUTN CO | 92,055 | $955K | 0.11% | |
| 56 | FWONK 2.25 08/15/27LIBERTY MEDIA CORP DEL | 730,000 | $925K | 0.11% | |
| 57 | RGTIRIGETTI COMPUTING INC | 41,700 | $923K | 0.11% | |
| 58 | MUMICRON TECHNOLOGY INC | 3,000 | $856K | 0.10% | Call |
| 59 | NTNX 0.25 10/01/27NUTANIX INC | 757,000 | $851K | 0.10% | |
| 60 | —ORIGIN INVT CORP I | 83,610 | $846K | 0.10% | |
| 61 | SLVISHARES SILVER TR | 13,000 | $837K | 0.10% | Put |
| 62 | PCGPG&E CORP | 51,000 | $819K | 0.10% | Call |
| 63 | BKHABLACK HAWK ACQUISITION CORP | 72,323 | $813K | 0.10% | |
| 64 | EVRG 4.5 12/15/27EVERGY INC | 661,000 | $804K | 0.10% | |
| 65 | PGACPANTAGES CAPITAL ACQUISITION | 76,190 | $790K | 0.10% | |
| 66 | KCHVKOCHAV DEFENSE ACQUI CO | 76,791 | $778K | 0.09% | |
| 67 | TDACWTRANSLATIONAL DEV ACQUISITIO | 73,422 | $769K | 0.09% | |
| 68 | NVDANVIDIA CORPORATION | 4,000 | $746K | 0.09% | Call |
| 69 | —SILICON VY ACQUISITION CORP | 75,000 | $745K | 0.09% | |
| 70 | DADSTIDAL TRUST I | 30,000 | $742K | 0.09% | Put |
| 71 | LEUCENTRUS ENERGY CORP | 3,000 | $728K | 0.09% | Put |
| 72 | VCICVINE HILL CAP INVTS CORP II | 71,900 | $720K | 0.09% | |
| 73 | YCYAA MISSION ACQUISITION CORP | 67,196 | $716K | 0.09% | |
| 74 | ALB 7.25 03/01/27ALBEMARLE CORP | 12,034 | $709K | 0.09% | |
| 75 | MOSMOSAIC CO NEW | 25,000 | $602K | 0.07% | Call |
| 76 | —TALON CAP CORP | 57,674 | $583K | 0.07% | |
| 77 | ATMPBARCLAYS BANK PLC | 20,900 | $553K | 0.07% | Call |
| 78 | KVACKEEN VISION ACQUISITION CORP | 45,988 | $540K | 0.06% | |
| 79 | PELIPELICAN ACQUISITION CORP | 50,000 | $507K | 0.06% | |
| 80 | CRAQCAL REDWOOD ACQUISITION CORP | 49,900 | $505K | 0.06% | |
| 81 | —CROWN RESV ACQUISITION CORP | 49,310 | $490K | 0.06% | |
| 82 | SCIISC II ACQUISITION CORP | 46,300 | $466K | 0.06% | |
| 83 | MMTXMILUNA ACQUISITION CORP | 46,000 | $455K | 0.05% | |
| 84 | TVAITHAYER VENTURES ACQ CORP II | 44,699 | $452K | 0.05% | |
| 85 | NENOBLE CORP PLC | 53,816 | $448K | 0.05% | |
| 86 | INACINDIGO ACQUISITION CORP | 44,612 | $448K | 0.05% | |
| 87 | LKSPLAKE SUPERIOR ACQUISITION CO | 44,947 | $446K | 0.05% | |
| 88 | POSTPOST HLDGS INC | 4,500 | $445K | 0.05% | |
| 89 | —OKLO INC | 6,000 | $430K | 0.05% | Put |
| 90 | QUMSQUANTUMSPHERE ACQUISITION CO | 41,421 | $414K | 0.05% | |
| 91 | CENX 2.75 05/01/28CENTURY ALUM CO | 188,000 | $396K | 0.05% | |
| 92 | CRANUCRANE HBR ACQUISITION CORP I | 39,200 | $394K | 0.05% | |
| 93 | HAVARHARVARD AVE ACQUISITION CORP | 37,500 | $372K | 0.04% | |
| 94 | GTERAGLOBA TERRA ACQUISITION COR | 36,300 | $366K | 0.04% | |
| 95 | OKLOOKLO INC | 5,000 | $358K | 0.04% | |
| 96 | CHPGCHAMPIONSGATE ACQUISITION CO | 34,742 | $354K | 0.04% | |
| 97 | OTGAOTG ACQUISITION CORP. I | 35,438 | $354K | 0.04% | |
| 98 | YCYAA MISSION ACQUISITION CORP | 35,000 | $347K | 0.04% | |
| 99 | NEENEXTERA ENERGY CAP HLDGS INC | 254,000 | $315K | 0.04% | |
| 100 | USARUSA RARE EARTH INC | 25,333 | $301K | 0.04% |
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