WHITEBOX ADVISORS LLC Q2 2025 Filing
Filed August 14, 2025
Portfolio Value
$4.7T
Holdings
375
Report Date
Q2 2025
Filing Type
13F-HR
All Holdings (375 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 1,050,000 | $648.7B | 13.77% | Put |
| 2 | WDC 3 11/15/28WESTERN DIGITAL CORP | 161,900,000 | $290.6B | 6.17% | |
| 3 | MSTR 2.25 06/15/32MICROSTRATEGY INC | 111,500,000 | $239.3B | 5.08% | |
| 4 | LBRDKLIBERTY BROADBAND CORP | 1,384,608 | $136.2B | 2.89% | |
| 5 | BE 3 06/01/29BLOOM ENERGY CORP | 89,776,000 | $127.1B | 2.70% | |
| 6 | IBITISHARES BITCOIN TRUST ETF | 2,000,000 | $122.4B | 2.60% | Put |
| 7 | OIHVANECK ETF TRUST | 490,000 | $112.8B | 2.40% | Put |
| 8 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 78,745,000 | $102.8B | 2.18% | |
| 9 | SPHR 3.5 12/01/28SPHERE ENTERTAINMENT CO | 64,500,000 | $90.4B | 1.92% | |
| 10 | BE 3 06/01/28BLOOM ENERGY CORP | 58,862,000 | $87.1B | 1.85% | |
| 11 | APY1EURCHAMPIONX CORPORATION | 3,271,356 | $81.3B | 1.73% | |
| 12 | LITE 1.5 12/15/29LUMENTUM HLDGS INC | 49,442,000 | $75.8B | 1.61% | |
| 13 | IWMISHARES TR | 350,000 | $75.5B | 1.60% | Put |
| 14 | 07WAMR COOPER GROUP INC | 484,850 | $72.3B | 1.54% | |
| 15 | AAPLAPPLE INC | 340,000 | $69.8B | 1.48% | Put |
| 16 | SEALTD 2.375 12/01/25SEA LTD | 36,095,000 | $64.1B | 1.36% | |
| 17 | AZEKAZEK CO INC | 1,073,501 | $58.3B | 1.24% | |
| 18 | AAL 6.5 07/01/25AMERICAN AIRLINES GROUP INC | 57,486,000 | $57.4B | 1.22% | |
| 19 | TFPMTRIPLE FLAG PRECIOUS METAL | 2,410,057 | $57.1B | 1.21% | |
| 20 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 59,737,000 | $53.6B | 1.14% | |
| 21 | FRPT 3 04/01/28FRESHPET INC | 41,230,000 | $51.2B | 1.09% | |
| 22 | WWAYFAIR INC | 37,050,000 | $50.1B | 1.06% | |
| 23 | INFA1EURINFORMATICA INC | 2,050,001 | $49.9B | 1.06% | |
| 24 | ECPG 4 03/15/29ENCORE CAP GROUP INC | 50,512,000 | $47.4B | 1.01% | |
| 25 | SATS 3.875 11/30/30ECHOSTAR CORP | 39,605,086 | $46.6B | 0.99% | |
| 26 | PNW 4.75 06/15/27PINNACLE WEST CAP CORP | 38,750,000 | $42.0B | 0.89% | |
| 27 | SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC | 56,000,000 | $40.9B | 0.87% | |
| 28 | WEC 4.375 06/01/27WEC ENERGY GROUP INC | 35,800,000 | $40.3B | 0.86% | |
| 29 | 2L9BLUEPRINT MEDICINES CORP | 310,001 | $39.7B | 0.84% | |
| 30 | COLL 2.875 02/15/29COLLEGIUM PHARMACEUTICAL INC | 36,200,000 | $38.8B | 0.82% | |
| 31 | SWTXSPRINGWORKS THERAPEUTICS INC | 795,191 | $37.4B | 0.79% | |
| 32 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 31,921,000 | $36.9B | 0.78% | |
| 33 | FXIISHARES TR | 1,000,000 | $36.8B | 0.78% | Put |
| 34 | LBRDALIBERTY BROADBAND CORP | 348,076 | $34.0B | 0.72% | |
| 35 | TCOM 0.75 06/15/29TRIP COM GROUP LTD | 29,500,000 | $32.7B | 0.69% | |
| 36 | RUN 4 03/01/30SUNRUN INC | 44,550,000 | $31.5B | 0.67% | |
| 37 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 24,728,000 | $31.5B | 0.67% | |
| 38 | ON 0 05/01/27ON SEMICONDUCTOR CORP | 26,000,000 | $30.8B | 0.65% | |
| 39 | HEIHEICO CORP NEW | 118,954 | $30.8B | 0.65% | |
| 40 | KELKELLANOVA | 383,846 | $30.5B | 0.65% | |
| 41 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 23,359,000 | $28.7B | 0.61% | |
| 42 | JD 0.25 06/01/29JD.COM INC | 27,500,000 | $28.6B | 0.61% | |
| 43 | NVAX 5 12/15/27NOVAVAX INC | 27,750,000 | $27.5B | 0.58% | |
| 44 | HLF 4.25 06/15/28HERBALIFE LTD | 29,571,000 | $26.8B | 0.57% | |
| 45 | EVRG 4.5 12/15/27EVERGY INC | 22,500,000 | $26.3B | 0.56% | |
| 46 | XRX 3.75 03/15/30XEROX HOLDINGS CORP | 44,600,000 | $25.3B | 0.54% | |
| 47 | SO 4.5 06/15/27SOUTHERN CO | 23,000,000 | $25.3B | 0.54% | |
| 48 | MSTR 0.875 03/15/31MICROSTRATEGY INC | 13,096,000 | $24.7B | 0.52% | |
| 49 | GRFSGRIFOLS S A | 2,621,468 | $23.7B | 0.50% | |
| 50 | XOPSPDR SERIES TRUST | 182,903 | $23.0B | 0.49% | Put |
| 51 | DCHAMERICAN AXLE & MFG HLDGS IN | 5,599,014 | $22.8B | 0.48% | |
| 52 | GPORGULFPORT ENERGY CORP | 110,449 | $22.2B | 0.47% | |
| 53 | PTCT 1.5 09/15/26PTC THERAPEUTICS INC | 19,000,000 | $21.9B | 0.46% | |
| 54 | LITE 0.5 12/15/26LUMENTUM HLDGS INC | 18,500,000 | $21.7B | 0.46% | |
| 55 | WOLF 1.875 12/01/29WOLFSPEED INC | 86,000,000 | $21.3B | 0.45% | |
| 56 | SMTC 1.625 11/01/27SEMTECH CORP | 14,000,000 | $20.1B | 0.43% | |
| 57 | MARAMARA HOLDINGS INC | 1,281,500 | $20.1B | 0.43% | Put |
| 58 | AMCXAMC NETWORKS INC | 23,905,000 | $20.1B | 0.43% | |
| 59 | RIVNRIVIAN AUTOMOTIVE INC | 1,456,300 | $20.0B | 0.42% | Put |
| 60 | VALVALARIS LTD | 459,111 | $19.3B | 0.41% | |
| 61 | LUMNLUMEN TECHNOLOGIES INC | 4,300,000 | $18.8B | 0.40% | Put |
| 62 | NIO 4.625 10/15/30NIO INC | 28,950,000 | $18.2B | 0.39% | |
| 63 | ARRY 1 12/01/28ARRAY TECHNOLOGIES INC | 21,637,000 | $17.1B | 0.36% | |
| 64 | NBR 1.75 06/15/29NABORS INDS INC | 29,894,000 | $17.1B | 0.36% | |
| 65 | PCT 7.25 08/15/30PURECYCLE TECHNOLOGIES INC | 13,606,000 | $17.0B | 0.36% | |
| 66 | CHRDCHORD ENERGY CORPORATION | 174,476 | $16.9B | 0.36% | |
| 67 | BLCOBAUSCH PLUS LOMB CORP | 1,291,645 | $16.8B | 0.36% | |
| 68 | NEENEXTERA ENERGY CAP HLDGS INC | 14,242,000 | $16.2B | 0.34% | |
| 69 | ZYXI 5 05/15/26ZYNEX INC | 25,000,000 | $15.9B | 0.34% | |
| 70 | NVDANVIDIA CORPORATION | 100,000 | $15.8B | 0.34% | Put |
| 71 | CSIQ 2.5 10/01/25CANADIAN SOLAR INC | 14,382,000 | $13.8B | 0.29% | |
| 72 | SB9SITIO ROYALTIES CORP | 721,581 | $13.3B | 0.28% | |
| 73 | SRPTSAREPTA THERAPEUTICS INC | 714,600 | $12.2B | 0.26% | Put |
| 74 | HPOSERVICE PPTYS TR | 5,001,299 | $12.0B | 0.25% | Call |
| 75 | 0J7QIAC INC | 319,908 | $11.9B | 0.25% | |
| 76 | HESHESS CORP | 83,669 | $11.6B | 0.25% | |
| 77 | CSTMCONSTELLIUM SE | 842,989 | $11.2B | 0.24% | |
| 78 | OMER 9.5 06/15/29OMEROS CORP | 14,273,000 | $11.0B | 0.23% | |
| 79 | HTZHERTZ GLOBAL HLDGS INC | 1,569,700 | $10.7B | 0.23% | Put |
| 80 | CUKCARNIVAL PLC | 419,607 | $10.7B | 0.23% | |
| 81 | NENOBLE CORP PLC | 365,083 | $9.7B | 0.21% | |
| 82 | TWO 6.25 01/15/26TWO HARBORS INVENTMENT CORPO | 9,279,000 | $9.1B | 0.19% | |
| 83 | MTSI 0.25 03/15/26MACOM TECH SOLUTIONS HLDGS I | 5,200,000 | $9.1B | 0.19% | |
| 84 | GRPN 6.25 03/15/27 *GROUPON INC | 6,300,000 | $8.8B | 0.19% | |
| 85 | LAZR 11.5 01/15/30LUMINAR TECHNOLOGIES INC | 18,753,000 | $8.5B | 0.18% | |
| 86 | HLFHERBALIFE LTD | 970,000 | $8.4B | 0.18% | Put |
| 87 | TACHTITAN ACQUISITION CORP | 800,000 | $8.1B | 0.17% | |
| 88 | OTLY 9.25 09/14/28OATLY GROUP AB | 11,524,806 | $8.0B | 0.17% | |
| 89 | XRXXEROX HOLDINGS CORP | 1,500,000 | $7.9B | 0.17% | Put |
| 90 | GIGGIGCAPITAL7 CORP | 760,000 | $7.9B | 0.17% | |
| 91 | ECPG 3.25 10/01/25ENCORE CAP GROUP INC | 7,550,000 | $7.9B | 0.17% | |
| 92 | RUNSUNRUN INC | 962,500 | $7.9B | 0.17% | Put |
| 93 | PDD 0 12/01/25PDD HOLDINGS INC | 8,000,000 | $7.8B | 0.17% | |
| 94 | FERAFIFTH ERA ACQUISITION CORP I | 750,000 | $7.6B | 0.16% | |
| 95 | CYHCOMMUNITY HEALTH SYS INC NEW | 2,135,086 | $7.3B | 0.15% | |
| 96 | UPST 0.25 08/15/26UPSTART HLDGS INC | 7,604,000 | $7.2B | 0.15% | |
| 97 | CDLX 4.25 04/01/29CARDLYTICS INC | 17,750,000 | $7.1B | 0.15% | |
| 98 | GTGOODYEAR TIRE & RUBR CO | 649,430 | $6.7B | 0.14% | |
| 99 | SZZLSIZZLE ACQUISITION CORP. II | 650,000 | $6.5B | 0.14% | |
| 100 | SOULSOULPOWER ACQUISITION CORP | 650,000 | $6.5B | 0.14% |
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