Westchester Capital Management, LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$2.2T

Holdings

248

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (248 positions)

#StockSharesValue% PortfolioType
1
07WAMR COOPER GROUP INC
736,206$155.2B7.10%
2
TECK/BTECK RESOURCES LTD
3,518,246$154.4B7.06%Put
3
KELKELLANOVA
1,701,179$139.5B6.38%
4
CYBRCYBERARK SOFTWARE LTD
278,008$134.3B6.14%
5
SPYSPDR S&P 500 ETF TR
200,000$133.2B6.09%Put
6
GTLSCHART INDS INC
549,332$109.9B5.03%
7
FYBRFRONTIER COMMUNICATIONS PARE
2,093,629$78.2B3.58%
8
IPGINTERPUBLIC GROUP COS INC
2,282,614$63.7B2.91%
9
VRNAVERONA PHARMA PLC
483,655$51.6B2.36%
10
LBRDALIBERTY BROADBAND CORP
756,525$47.9B2.19%
11
PRAPROASSURANCE CORP
1,761,213$42.3B1.93%
12
NSCNORFOLK SOUTHN CORP
130,825$39.3B1.80%
13
WBDWARNER BROS DISCOVERY INC
1,620,000$31.6B1.45%Put
14
YCYAA MISSION ACQUISITION CORP
2,701,172$28.4B1.30%
15
ANSCAGRICULTURE & NAT SOL ACQ CO
2,464,804$26.9B1.23%
16
EAELECTRONIC ARTS INC
129,166$26.1B1.19%
17
TGNATEGNA INC
1,192,134$24.2B1.11%
18
HYACHAYMAKER ACQUISITION CORP IV
1,939,028$22.0B1.01%
19
KFIIK&F GROWTH ACQUISITION CORP
1,885,000$19.3B0.88%
20
DMIIDRUGS MADE IN AMER ACQUTN CO
1,669,000$17.1B0.78%
21
SZZLSIZZLE ACQUISITION CORP. II
1,564,728$15.8B0.72%
22
CTLPCANTALOUPE INC
1,389,401$14.7B0.67%
23
NABORS ENERGY TRANSITION COR
1,293,018$14.5B0.66%
24
GTERAGLOBA TERRA ACQUISITION COR
1,414,429$14.1B0.65%
25
CSXCSX CORP
383,367$13.6B0.62%Put
26
TACHTITAN ACQUISITION CORP
1,344,693$13.6B0.62%
27
SIMASIM ACQUISITION CORP. I
1,270,312$13.3B0.61%
28
S9QSPIRIT AEROSYSTEMS HLDGS INC
344,900$13.3B0.61%
29
VBTXVERITEX HLDGS INC
393,942$13.2B0.60%
30
VACHVOYAGER ACQUISITION CORP
1,261,894$13.2B0.60%
31
BACQBLEICHROEDER ACQUISITION COR
1,265,907$13.2B0.60%
32
NPACNEW PROVIDENCE ACQUISITION C
1,278,999$13.1B0.60%
33
SOULSOULPOWER ACQUISITION CORP
1,279,300$12.9B0.59%
34
PLMKPLUM ACQUISITION CORP IV
1,225,000$12.7B0.58%
35
HONHONEYWELL INTL INC
59,900$12.6B0.58%Put
36
BACCBLUE ACQUISITION CORP.
1,250,000$12.5B0.57%
37
JACSJACKSON ACQUISITION CO II
1,186,200$12.3B0.56%
38
MLACMOUNTAIN LAKE ACQUISITION CO
1,182,271$12.2B0.56%
39
POLEANDRETTI ACQUISITION CORP II
1,161,916$12.2B0.56%
40
ALDFALDEL FINL II INC
1,159,448$12.1B0.55%
41
GPATGP-ACT III ACQUISITION CORP
1,110,852$11.8B0.54%
42
FACTFACT II ACQUISITION CORP
1,083,000$11.2B0.51%
43
BCARD. BORAL ARC ACQ I CORP.
1,106,259$11.0B0.50%
44
MRUSMERUS N V
114,159$10.7B0.49%
45
CHACRCRANE HBR ACQUISITION CORP
1,025,000$10.4B0.47%
46
KCHVKOCHAV DEFENSE ACQUI CO
1,000,000$10.2B0.47%
47
AACBARTIUS II ACQUISITION INC
995,939$10.1B0.46%
48
KDPKEURIG DR PEPPER INC
391,400$10.0B0.46%Put
49
LPBBLAUNCH TWO ACQUISITION CORP.
950,000$9.9B0.45%
50
ALAIR LEASE CORP
153,700$9.8B0.45%
51
NEWBURY STR II ACQUISITION C
898,111$9.3B0.43%
52
ATIIARCHIMEDES TECH SPAC PARTNER
900,000$9.2B0.42%
53
COPLCOPLEY ACQUISITION CORP
860,600$8.7B0.40%
54
ARISUSDARIS WATER SOLUTIONS INC
351,639$8.7B0.40%
55
PACHPIONEER ACQUISITION I CORP
850,000$8.5B0.39%
56
OYSEOYSTER ENTERPRISES II ACQUIS
850,000$8.5B0.39%
57
GIGGIGCAPITAL7 CORP
789,000$8.3B0.38%
58
VCICVINE HILL CAP INVT CORP.
722,042$7.7B0.35%
59
0J7QIAC INC
223,900$7.6B0.35%Put
60
ALFCENTURION ACQUISITION CORP
688,140$7.3B0.33%
61
TASKTASKUS INC
400,627$7.2B0.33%
62
CGCTCARTESIAN GROWTH CORP III
700,000$7.1B0.33%
63
TAVITAVIA ACQUISITION CORP
680,000$7.0B0.32%
64
LCCCLAKESHORE ACQUISITION III CO
689,436$7.0B0.32%
65
GSRFGSR IV ACQUISITION CORP
675,000$6.8B0.31%
66
IPODDUNE ACQUISITION CORP II
666,477$6.8B0.31%
67
CGCTCARTESIAN GROWTH CORP III
678,000$6.8B0.31%
68
SDHISIDDHI ACQUISITION CORP
661,800$6.7B0.31%
69
DDDUPONT DE NEMOURS INC
85,700$6.7B0.31%Put
70
XRPNARMADA ACQUISITION CORP II
633,400$6.6B0.30%
71
DTSQDT CLOUD STAR ACQUISITION CO
619,817$6.5B0.30%
72
KHCKRAFT HEINZ CO
243,200$6.3B0.29%Put
73
LWACLIGHTWAVE ACQUISITION CORP
569,872$5.7B0.26%
74
ARMADA ACQUISITION CORP II
550,000$5.7B0.26%
75
APTVAPTIV PLC
66,000$5.7B0.26%Put
76
LOBLIVE OAK ACQUISITION CORP V
550,046$5.6B0.26%
77
AEBAALLETE INC
84,129$5.6B0.26%
78
FTWEQV VENTURES AC CORP. II
550,000$5.5B0.25%
79
BACQMAYWOOD ACQUISITION CORP
532,807$5.4B0.25%
80
GTENGORES HLDGS X INC
515,073$5.3B0.24%
81
JENAJENA ACQUISITION CORP II
512,000$5.2B0.24%
82
LEGTLEGATO MERGER CORP III
483,161$5.2B0.24%
83
TVATEXAS VENTURES ACQUISITION I
478,039$5.1B0.23%
84
OBAOXLEY BRIDGE ACQ LTD
508,100$5.1B0.23%
85
BLUE WTR ACQUISITION CORP. I
500,000$5.0B0.23%
86
CMCSACOMCAST CORP NEW
159,200$5.0B0.23%Put
87
CRAQCAL REDWOOD ACQUISITION CORP
500,000$5.0B0.23%
88
AXINAXIOM INTELLIGENCE AC CORP 1
500,000$5.0B0.23%
89
VNMEVENDOME ACQUISITION CORP I
500,000$5.0B0.23%
90
NMPNMP ACQUISITION CORP
500,000$5.0B0.23%
91
BLUWBLUE WTR ACQUISITION CORP. I
475,000$4.7B0.22%
92
NHICNEWHOLD INVT CORP III
450,000$4.6B0.21%
93
PGACPANTAGES CAPITAL ACQUISITION
443,000$4.6B0.21%
94
GSR III ACQUISITION CORP
433,174$4.5B0.21%
95
MACIMELAR ACQUISITION CORP. I
424,707$4.5B0.20%
96
OYSEOYSTER ENTERPRISES II ACQUIS
445,112$4.5B0.20%
97
HN9HANESBRANDS INC
652,571$4.3B0.20%
98
ORIGIN INVT CORP I
425,000$4.3B0.20%
99
HSPTHORIZON SPACE ACQUISITION II
404,900$4.2B0.19%
100
FGMCFG MERGER II CORP
418,265$4.2B0.19%
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