WHITEBOX ADVISORS LLC Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$6.5B
Holdings
422
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (422 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 201 | SABRSABRE CORP | 1,000,000 | $1.8B | 28.31% | Call |
| 202 | JACSJACKSON ACQUISITION CO II | 175,000 | $1.8B | 28.10% | |
| 203 | BYNDBEYOND MEAT INC | 955,600 | $1.8B | 27.94% | Put |
| 204 | CXEMFS HIGH INCOME MUN TR | 483,300 | $1.8B | 27.81% | |
| 205 | BACCBLUE ACQUISITION CORP. | 175,000 | $1.7B | 27.06% | |
| 206 | INACINDIGO ACQUISITION CORP | 175,000 | $1.7B | 26.99% | |
| 207 | AXINAXIOM INTELLIGENCE AC CORP 1 | 175,000 | $1.7B | 26.97% | |
| 208 | CUCAAVIS BUDGET GROUP | 10,771 | $1.7B | 26.76% | |
| 209 | CEPFCANTOR EQUITY PARTNERS I INC | 155,000 | $1.6B | 25.08% | |
| 210 | SBIWESTERN ASSET INTER MUNI FD | 204,801 | $1.6B | 25.06% | |
| 211 | FCRSFUTURECREST ACQUISITION CORP | 150,000 | $1.6B | 24.60% | |
| 212 | VACHVOYAGER ACQUISITION CORP | 150,000 | $1.6B | 24.36% | |
| 213 | JENAJENA ACQUISITION CORP II | 150,000 | $1.6B | 24.16% | |
| 214 | MERCMERCER INTL INC | 536,019 | $1.5B | 23.88% | |
| 215 | —SPRING VY ACQUISITION CORP I | 150,000 | $1.5B | 23.86% | |
| 216 | COLACOLUMBUS ACQUISITION CORP | 150,000 | $1.5B | 23.74% | |
| 217 | TBNTAMBORAN RES CORP | 56,022 | $1.5B | 23.73% | |
| 218 | SSEASTARRY SEA ACQUISITION CORP | 150,000 | $1.5B | 23.53% | |
| 219 | MBVIM3-BRIGADE ACQUISITION VI CO | 150,000 | $1.5B | 23.48% | |
| 220 | —CSLM DIGITA ASSET ACQ CORP I | 150,000 | $1.5B | 23.44% | |
| 221 | CHPGCHAMPIONSGATE ACQUISITION CO | 150,000 | $1.5B | 23.37% | |
| 222 | PELIPELICAN ACQUISITION CORP | 150,000 | $1.5B | 23.35% | |
| 223 | WTGWINTERGREEN ACQUISITION CORP | 150,000 | $1.5B | 23.35% | |
| 224 | EGHAEGH ACQUISITION CORP. | 150,000 | $1.5B | 23.23% | |
| 225 | CRAQCAL REDWOOD ACQUISITION CORP | 150,000 | $1.5B | 23.21% | |
| 226 | FIGXUFIGX CAP ACQUISITION CORP. | 150,000 | $1.5B | 23.18% | |
| 227 | GTERAGLOBA TERRA ACQUISITION COR | 150,000 | $1.5B | 23.16% | |
| 228 | TROXTRONOX HOLDINGS PLC | 369,723 | $1.5B | 22.99% | |
| 229 | BNYBLACKROCK N Y MUN INCOME TRU | 145,147 | $1.5B | 22.72% | |
| 230 | —M3BRIGADE ACQUISITION V CORP | 130,000 | $1.4B | 21.22% | |
| 231 | CAPNCAYSON ACQUISITION CORP | 125,000 | $1.3B | 20.25% | |
| 232 | VSCOVICTORIAS SECRET AND CO | 47,640 | $1.3B | 20.00% | |
| 233 | CEPFCANTOR EQUITY PARTNERS III I | 125,000 | $1.3B | 19.96% | |
| 234 | BACQMAYWOOD ACQUISITION CORP | 125,000 | $1.3B | 19.80% | |
| 235 | RIBBRIBBON ACQUISITION CORP | 125,000 | $1.3B | 19.80% | |
| 236 | CCIICOHEN CIRCLE ACQUISIT CORP I | 125,000 | $1.3B | 19.63% | |
| 237 | XPCQXPIMCO CALIF MUN INCOME FD | 145,476 | $1.3B | 19.63% | |
| 238 | COLOGLOBAL X FDS | 38,100 | $1.3B | 19.35% | |
| 239 | LWACLIGHTWAVE ACQUISITION CORP | 125,000 | $1.2B | 19.24% | |
| 240 | MHNBLACKROCK MUNIHLDGS NY QLTY | 121,671 | $1.2B | 19.24% | |
| 241 | AFBALLIANCEBERNSTEIN NATL MUN I | 113,648 | $1.2B | 19.08% | |
| 242 | —HCM II ACQUISITION CORP | 200,000 | $1.2B | 18.56% | |
| 243 | WBDWARNER BROS DISCOVERY INC | 59,739 | $1.2B | 18.05% | |
| 244 | RRYDER SYS INC | 6,014 | $1.1B | 17.55% | |
| 245 | MCGAYORKVILLE ACQUISITION CORP. | 100,000 | $1.1B | 16.49% | |
| 246 | CUBLIONHEART HOLDINGS | 100,000 | $1.1B | 16.26% | |
| 247 | FVNFUTURE VISION II ACQUISITION | 100,000 | $1.0B | 16.18% | |
| 248 | PIIMPINJ INC | 5,715 | $1.0B | 15.98% | |
| 249 | PLMKPLUM ACQUISITION CORP IV | 100,000 | $1.0B | 15.97% | |
| 250 | BLZRTRAILBLAZER ACQUISITION CORP | 100,000 | $1.0B | 15.82% | |
| 251 | HVMCHIGHVIEW MERGER CORP | 100,000 | $1.0B | 15.66% | |
| 252 | HCMAHCM III ACQUISITION CORP | 100,000 | $1.0B | 15.63% | |
| 253 | BDCIBTC DEV CORP | 100,000 | $1.0B | 15.63% | |
| 254 | MKLYMCKINLEY ACQUISITION CORP | 100,000 | $999.0M | 15.46% | |
| 255 | SOCASOLARIUS CAPITAL ACQU CORP | 100,000 | $996.0M | 15.41% | |
| 256 | OBAOXLEY BRIDGE ACQ LTD | 100,000 | $995.9M | 15.41% | |
| 257 | ALNYALNYLAM PHARMACEUTICALS INC | 2,100 | $957.6M | 14.81% | |
| 258 | PSKYPARAMOUNT SKYDANCE CORP | 50,548 | $956.4M | 14.80% | |
| 259 | WHRWHIRLPOOL CORP | 11,313 | $889.2M | 13.76% | |
| 260 | NFENEW FORTRESS ENERGY INC | 400,000 | $884.0M | 13.68% | Put |
| 261 | CZRCAESARS ENTERTAINMENT INC NE | 31,618 | $854.5M | 13.22% | |
| 262 | TEADTEADS HLDG CO | 500,000 | $825.0M | 12.76% | Put |
| 263 | PCAPPROCAP ACQUISITION CORP | 70,281 | $721.8M | 11.17% | |
| 264 | KYIVKYIVSTAR GROUP LTD | 150,000 | $609.0M | 9.42% | |
| 265 | SVACSPRING VALLEY ACQUISTN CORP | 464,261 | $603.5M | 9.34% | |
| 266 | WLACWILLOW LANE ACQUISITION CORP | 200,000 | $560.1M | 8.67% | |
| 267 | BULLWEBULL CORP | 89,397 | $543.5M | 8.41% | |
| 268 | IAU-WUI-80 GOLD CORP | 1,117,500 | $502.9M | 7.78% | |
| 269 | MUCBLACKROCK MUNIHOLDINGS QUALI | 46,481 | $467.6M | 7.23% | |
| 270 | GIGGIGCAPITAL7 CORP | 804,500 | $362.0M | 5.60% | |
| 271 | ELBMELECTRA BATTERY MATERIALS CO | 296,965 | $358.5M | 5.55% | |
| 272 | CVSCVS HEALTH CORP | 4,050 | $305.3M | 4.72% | |
| 273 | PCGPG&E CORP | 15,000 | $226.2M | 3.50% | |
| 274 | VCICVINE HILL CAP INVT CORP. | 132,500 | $212.0M | 3.28% | |
| 275 | NBRNABORS INDUSTRIES LTD | 4,900 | $200.3M | 3.10% | |
| 276 | FERAFIFTH ERA ACQUISITION CORP I | 750,000 | $198.8M | 3.07% | |
| 277 | —CHURCHILL CAP CORP X | 50,000 | $177.5M | 2.75% | |
| 278 | WENNWEN ACQUISITION CORP | 300,000 | $168.0M | 2.60% | |
| 279 | CRMLCRITICAL METALS CORP | 69,750 | $146.6M | 2.27% | |
| 280 | —INFLECTION PT ACQUISITION CO | 300,000 | $132.0M | 2.04% | |
| 281 | BZAIWBLAIZE HLDGS INC | 209,250 | $130.0M | 2.01% | |
| 282 | SOULSOULPOWER ACQUISITION CORP | 650,000 | $123.5M | 1.91% | |
| 283 | KOYNDIGITAL ASSET ACQUISITION CO | 200,000 | $122.0M | 1.89% | |
| 284 | TACHTITAN ACQUISITION CORP | 400,000 | $120.5M | 1.86% | |
| 285 | —RANGE CAP ACQUISITION CORP | 250,000 | $117.5M | 1.82% | |
| 286 | SZZLSIZZLE ACQUISITION CORP. II | 650,000 | $116.9M | 1.81% | |
| 287 | RAAQREAL ASSET ACQUISITION CORP | 250,000 | $112.5M | 1.74% | |
| 288 | —IRON HORSE ACQUISITIONS CORP | 150,000 | $110.1M | 1.70% | |
| 289 | —ALDEL FINL II INC | 200,000 | $108.0M | 1.67% | |
| 290 | BEAGBOLD EAGLE ACQUISITION CORP | 400,000 | $108.0M | 1.67% | |
| 291 | BBAI/WSBIGBEAR AI HLDGS INC | 50,598 | $107.3M | 1.66% | |
| 292 | DRDBROMAN DBDR ACQUISITION CORP | 200,000 | $103.0M | 1.59% | |
| 293 | RDAGREPUBLIC DIGITAL ACQUISITION | 150,000 | $97.5M | 1.51% | |
| 294 | XRPNARMADA ACQUISITION CORP II | 100,000 | $95.0M | 1.47% | |
| 295 | NOEMRCO2 ENERGY TRANSITION CORP | 390,000 | $93.6M | 1.45% | |
| 296 | SIMASIM ACQUISITION CORP. I | 250,000 | $92.5M | 1.43% | |
| 297 | —M3BRIGADE ACQUISITION V CORP | 75,000 | $91.5M | 1.42% | |
| 298 | CMIIUCOLUMBUS CIRCLE CAP CORP. I | 75,000 | $90.0M | 1.39% | |
| 299 | RACRITHM ACQUISITION CORP | 133,333 | $88.0M | 1.36% | |
| 300 | DMIIDRUGS MADE IN AMER ACQUTN CO | 400,000 | $87.0M | 1.35% |