Westchester Capital Management, LLC Q1 2017 Filing

Filed May 15, 2017

Portfolio Value

$3.6B

Holdings

Report Date

Q1 2017

Filing Type

13F-HR

All Holdings (68 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF TR	1,201,300	$283.2M	7.76%	Put
2	HPEHewlett Packard Enterprise Company	9,779,600	$231.8M	6.36%	Put
3	—Reynolds American Inc.	3,246,843	$204.6M	5.61%
4	AIGAmerican International Group, Inc.	2,982,900	$186.2M	5.11%	Put
5	—Yahoo! Inc.	3,960,591	$183.8M	5.04%
6	—Du Pont (E.I.) de Nemours & Co.	2,211,172	$177.6M	4.87%	Put
7	ASHAshland Global Holdings Inc.	1,431,200	$177.2M	4.86%	Put
8	TWXCHFTime Warner Inc.	1,772,130	$173.2M	4.75%
9	NXPINXP Semiconductors NV	1,576,697	$163.2M	4.47%
10	BKRBaker Hughes Incorporated	2,542,952	$152.1M	4.17%	Put
11	—Mead Johnson Nutrition Co.	1,284,947	$114.5M	3.14%	Call
12	—B/E Aerospace, Inc.	1,687,240	$108.2M	2.97%
13	—Mobileye N.V. AMSTELVEEN	1,757,863	$107.9M	2.96%
14	—Syngenta AG	1,211,323	$107.2M	2.94%
15	—VCA Inc.	1,038,880	$95.1M	2.61%
16	SEESealed Air Corporation NEW	2,152,400	$93.8M	2.57%	Put
17	—Level 3 Communications, Inc.	1,471,089	$84.2M	2.31%
18	—The Valspar Corporation	707,410	$78.5M	2.15%
19	—Chemtura Corporation	2,276,979	$76.1M	2.09%
20	—PrivateBancorp, Inc.	1,280,046	$76.0M	2.08%
21	—EverBank Financial Corporation	3,662,256	$71.3M	1.96%
22	CSXCSX Corporation	956,200	$44.5M	1.22%	Put
23	—WhiteWave Foods Company	745,873	$41.9M	1.15%
24	GEGeneral Electric Company	1,289,600	$38.4M	1.05%	Put
25	CITUSDCIT Group Inc.	891,400	$38.3M	1.05%	Put
26	ETEnergy Transfer Partners LP	970,267	$35.4M	0.97%
27	DELLDell Technologies Inc.	532,681	$34.1M	0.94%
28	TAT&T Inc.	809,300	$33.6M	0.92%	Put
29	HUNHuntsman Corporation	1,337,900	$32.8M	0.90%	Put
30	—Fortress Investment Group LLC	3,854,589	$30.6M	0.84%
31	MGMMGM Resorts International	1,094,600	$30.0M	0.82%	Put
32	MPCMarathon Petroleum Corporation	542,000	$27.4M	0.75%	Put
33	LM03Liberty Media Corp Delaware	656,504	$25.6M	0.70%
34	—ONEOK Partners, LP	468,416	$25.3M	0.69%
35	METMetLife, Inc.	466,400	$24.6M	0.68%	Put
36	BOBEUSDBob Evans Farms, Inc.	354,400	$23.0M	0.63%	Put
37	—Hertz Global Holdings, Inc.	1,266,100	$22.2M	0.61%	Put
38	DISHDISH Network Corp.	332,800	$21.1M	0.58%	Put
39	HLTHilton Worldwide Holdings Inc.	359,000	$21.0M	0.58%	Put
40	—DigitalGlobe Inc.	549,500	$18.0M	0.49%
41	GMGeneral Motors Co.	445,600	$15.8M	0.43%	Put
42	VAREURVarian Medical Systems, Inc.	164,400	$15.0M	0.41%	Put
43	—CBS Corporation	170,900	$11.9M	0.33%	Put
44	SMHVanEck Vectors ETF TR	144,000	$11.5M	0.31%	Put
45	STWDStarwood Property Trust, Inc.	484,358	$10.9M	0.30%
46	—Isle of Capri Casinos, Inc.	339,243	$8.9M	0.25%
47	—Colony NorthStar, Inc.	498,617	$6.4M	0.18%
48	VVRInvesco Senior Income Trust	1,371,457	$6.3M	0.17%
49	—Rite Aid Corp.	1,407,654	$6.0M	0.16%
50	XJQCXNuveen Credit Strategies Income Fund	568,550	$4.9M	0.14%
51	HIOWestern Asset High Income Opportunity Fun	958,229	$4.8M	0.13%
52	XFRAXBlackrock Fltg Rate Inc. OME STR	304,445	$4.4M	0.12%
53	—KLR Energy Acquisition Corp.	399,000	$4.1M	0.11%
54	DSUBlackrock Debt Strategies Fund, Inc.	352,469	$4.1M	0.11%
55	—Voya (ING) Prime Rate Trust	684,485	$3.7M	0.10%
56	FCTFirst Trust Senior Fltg. Rate Income Fd.I	165,009	$2.3M	0.06%
57	—Pacific Special Acquisition Corp.	210,000	$2.2M	0.06%
58	NWSANews Corporation NEW	163,001	$2.1M	0.06%
59	BABAAlibaba Group Hldg Ltd.	18,900	$2.0M	0.06%	Put
60	—Cascade Bancorp	161,294	$1.2M	0.03%
61	—Computer Sciences Corporation	17,600	$1.2M	0.03%	Put
62	—Wheeler Real Estate Inv.Trust, Inc.	577,823	$1.0M	0.03%
63	—Alon USA Energy, Inc.	73,206	$893K	0.02%
64	—Headwaters Incorporated	33,911	$796K	0.02%
65	VREXVarex Imaging Corporation	18,120	$609K	0.02%
66	HUMHumana Inc.	1,800	$371K	0.01%
67	—Pacific Special Acquisition Corp.	210,000	$73K	0.00%
68	LENLennar Corporation	857	$36K	0.00%