WHITEBOX ADVISORS LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$7.0B
Holdings
486
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (486 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | CYHCOMMUNITY HEALTH SYS INC NEW | 2,201,520 | $6.9B | 97.45% | |
| 102 | CHKPCHECK POINT SOFTWARE TECH LT | 36,630 | $6.8B | 96.44% | |
| 103 | SZZLSIZZLE ACQUISITION CORP. II | 650,000 | $6.6B | 93.71% | |
| 104 | SOULSOULPOWER ACQUISITION CORP | 650,000 | $6.6B | 93.61% | |
| 105 | GRPN 6.25 03/15/27 *GROUPON INC | 6,300,000 | $6.5B | 92.70% | |
| 106 | BCARD. BORAL ARC ACQ I CORP. | 650,000 | $6.5B | 92.50% | |
| 107 | GTGOODYEAR TIRE & RUBR CO | 741,089 | $6.5B | 92.10% | |
| 108 | NWSANEWS CORP NEW | 247,810 | $6.5B | 91.83% | |
| 109 | UAAUNDER ARMOUR INC | 1,301,365 | $6.5B | 91.76% | |
| 110 | WENNWEN ACQUISITION CORP | 600,000 | $6.1B | 85.99% | |
| 111 | ACIALBERTSONS COS INC | 344,582 | $5.9B | 83.94% | |
| 112 | GIGGIGCAPITAL7 CORP | 550,000 | $5.8B | 82.25% | |
| 113 | CGCTCARTESIAN GROWTH CORP III | 550,000 | $5.7B | 80.34% | |
| 114 | LI 0.25 05/01/28LI AUTO INC | 5,500,000 | $5.5B | 78.67% | |
| 115 | TGNATEGNA INC | 281,537 | $5.5B | 77.53% | |
| 116 | CCOCLEAR CHANNEL OUTDOOR HLDGS | 2,459,984 | $5.4B | 77.13% | |
| 117 | SEI 0.25 10/01/31SOLARIS ENERGY INFRAS INC | 5,000,000 | $5.4B | 76.71% | |
| 118 | PCT 7.25 08/15/30PURECYCLE TECHNOLOGIES INC | 5,406,000 | $5.4B | 76.71% | |
| 119 | SIMASIM ACQUISITION CORP. I | 500,000 | $5.3B | 75.13% | |
| 120 | NPACNEW PROVIDENCE ACQUISITION C | 500,000 | $5.1B | 72.79% | |
| 121 | RAAQREAL ASSET ACQUISITION CORP | 500,000 | $5.1B | 72.51% | |
| 122 | —RANGE CAP ACQUISITION CORP I | 500,000 | $5.0B | 70.80% | |
| 123 | YCYAA MISSION ACQUISITION CORP | 500,000 | $5.0B | 70.68% | |
| 124 | 0J7QIAC INC | 126,564 | $4.9B | 70.21% | |
| 125 | HOUSANYWHERE REAL ESTATE INC | 347,880 | $4.9B | 69.88% | |
| 126 | NCMINATIONAL CINEMEDIA INC | 1,242,084 | $4.8B | 68.55% | |
| 127 | YCYAA MISSION ACQUISITION CORP | 450,000 | $4.8B | 68.12% | |
| 128 | XRXXEROX HOLDINGS CORP | 2,000,000 | $4.7B | 67.26% | Put |
| 129 | CEPFCANTOR EQUITY PARTNERS IV IN | 450,000 | $4.6B | 65.64% | |
| 130 | BEPBROOKFIELD RENEWABLE PARTNER | 170,000 | $4.6B | 65.04% | |
| 131 | ECHISHARES INC | 113,456 | $4.6B | 65.03% | |
| 132 | BEBETGE VALUE CREATIVE SOLUTIONS | 450,000 | $4.5B | 63.47% | |
| 133 | DMIIDRUGS MADE IN AMER ACQ II CO | 450,000 | $4.5B | 63.21% | |
| 134 | GOSS 5 06/01/27GOSSAMER BIO INC | 6,504,000 | $4.4B | 62.23% | |
| 135 | RIGTRANSOCEAN LTD | 1,050,000 | $4.3B | 61.52% | Put |
| 136 | AMCAMC ENTMT HLDGS INC | 2,778,400 | $4.3B | 61.50% | Put |
| 137 | BEAGBOLD EAGLE ACQUISITION CORP | 400,000 | $4.2B | 60.05% | |
| 138 | ALDFALDEL FINL II INC | 400,000 | $4.2B | 59.54% | |
| 139 | DRDBROMAN DBDR ACQUISITION CORP | 400,000 | $4.2B | 59.20% | |
| 140 | CHARCHARLTON ARIA ACQUISITION CO | 399,000 | $4.2B | 59.15% | |
| 141 | RACRITHM ACQUISITION CORP | 400,000 | $4.2B | 58.97% | |
| 142 | DMIIDRUGS MADE IN AMER ACQUTN CO | 400,000 | $4.1B | 58.87% | |
| 143 | SVCCUSTELLAR V CAP CORP | 400,000 | $4.1B | 58.83% | |
| 144 | IPODDUNE ACQUISITION CORP II | 400,000 | $4.1B | 58.01% | |
| 145 | KOYNDIGITAL ASSET ACQUISITION CO | 400,000 | $4.1B | 57.67% | |
| 146 | LKSPLAKE SUPERIOR ACQUISITION CO | 405,103 | $4.0B | 57.01% | |
| 147 | NOEMCO2 ENERGY TRANSITION CORP | 390,000 | $4.0B | 56.94% | |
| 148 | FTWEQV VENTURES AC CORP. II | 400,000 | $4.0B | 56.93% | |
| 149 | MMTXMILUNA ACQUISITION CORP | 400,000 | $4.0B | 56.70% | |
| 150 | EMISEMMIS ACQUISITION CORP. | 400,000 | $4.0B | 56.47% | |
| 151 | —NEWBURY STR II ACQUISITION C | 375,000 | $3.9B | 55.49% | |
| 152 | BHCBAUSCH HEALTH COS INC | 544,497 | $3.8B | 53.69% | |
| 153 | LPBBLAUNCH TWO ACQUISITION CORP. | 350,000 | $3.7B | 52.09% | |
| 154 | OTGAOTG ACQUISITION CORP. I | 350,000 | $3.5B | 49.66% | |
| 155 | IRHOUIRON HORSE ACQUISIT CORP II | 350,000 | $3.5B | 49.38% | |
| 156 | SIRISIRIUSXM HOLDINGS INC | 170,943 | $3.4B | 48.50% | |
| 157 | DMBBNY MELLON MUN BD INFRASTRUC | 310,458 | $3.4B | 48.40% | |
| 158 | TDACWTRANSLATIONAL DEV ACQUISITIO | 305,000 | $3.2B | 45.39% | |
| 159 | FTWEQV VENTURES ACQUISITION COR | 300,000 | $3.1B | 44.65% | |
| 160 | TAVITAVIA ACQUISITION CORP | 300,000 | $3.1B | 44.40% | |
| 161 | MLACMOUNTAIN LAKE ACQUISITION CO | 300,000 | $3.1B | 44.27% | |
| 162 | COPLCOPLEY ACQUISITION CORP | 300,000 | $3.1B | 43.72% | |
| 163 | GSHRGESHER ACQUISITION CORP. II | 300,000 | $3.1B | 43.70% | |
| 164 | IPCXINFLECTION PT ACQUISITION CO | 300,000 | $3.0B | 43.16% | |
| 165 | RDAGREPUBLIC DIGITAL ACQUISITION | 300,000 | $3.0B | 43.09% | |
| 166 | —TALON CAP CORP | 300,000 | $3.0B | 43.04% | |
| 167 | PAIIPYROPHYTE ACQUISITION CORP. | 300,000 | $3.0B | 42.82% | |
| 168 | PACHPIONEER ACQUISITION I CORP | 300,000 | $3.0B | 42.78% | |
| 169 | EVOXEVOLUTION GLOBAL ACQUISITION | 300,000 | $3.0B | 42.78% | |
| 170 | VCICVINE HILL CAP INVTS CORP II | 300,000 | $3.0B | 42.65% | |
| 171 | —GENERAL PURP ACQUISITION COR | 300,000 | $3.0B | 42.61% | |
| 172 | LPCVLAUNCHPAD CADENZA ACQUISITIO | 300,000 | $3.0B | 42.48% | |
| 173 | ADACAMERICAN DRIVE ACQUISITION C | 300,000 | $3.0B | 42.44% | |
| 174 | —SILICON VY ACQUISITION CORP | 300,000 | $3.0B | 42.33% | |
| 175 | —APEX TREAS CORP | 300,000 | $3.0B | 42.10% | |
| 176 | CDLX 4.25 04/01/29CARDLYTICS INC | 7,404,000 | $2.9B | 40.96% | |
| 177 | CHECCHENGHE ACQUISITION III CO | 275,000 | $2.7B | 38.89% | |
| 178 | GRAFGRAF GLOBAL CORP | 250,000 | $2.7B | 38.14% | |
| 179 | ONCH1RT ACQUISITION CORP. | 260,000 | $2.7B | 37.63% | |
| 180 | LPAALAUNCH ONE ACQUISITION CORP | 250,000 | $2.6B | 37.56% | |
| 181 | OACCOAKTREE ACQUISITION CORP III | 250,000 | $2.6B | 37.53% | |
| 182 | LINTA 3.75 02/15/30LIBERTY MEDIA CORP DEL | 43,663,000 | $2.6B | 37.16% | |
| 183 | —RANGE CAP ACQUISITION CORP | 250,000 | $2.6B | 36.96% | |
| 184 | FACTFACT II ACQUISITION CORP | 250,000 | $2.6B | 36.92% | |
| 185 | NHICNEWHOLD INVT CORP III | 250,000 | $2.6B | 36.76% | |
| 186 | ATIIARCHIMEDES TECH SPAC PARTNER | 250,000 | $2.6B | 36.75% | |
| 187 | BLUWBLUE WTR ACQUISITION CORP. I | 250,000 | $2.6B | 36.61% | |
| 188 | OYSEOYSTER ENTERPRISES II ACQUIS | 250,000 | $2.5B | 35.86% | |
| 189 | SACSAFEGUARD ACQUISITION CORP | 250,000 | $2.5B | 35.77% | |
| 190 | SPEGSILVER PEGASUS ACQUISITION C | 250,000 | $2.5B | 35.71% | |
| 191 | —LAFAYETTE ACQUISITION CORP | 250,000 | $2.5B | 35.12% | |
| 192 | VACIVIKING ACQUISITION CORP I | 250,000 | $2.5B | 35.12% | |
| 193 | NIONIO INC | 485,000 | $2.5B | 35.09% | Put |
| 194 | WSTNWESTIN ACQUISITION CORP | 250,000 | $2.5B | 35.08% | |
| 195 | IGACINVEST GREEN ACQUISITION COR | 250,000 | $2.5B | 34.91% | |
| 196 | CZRCAESARS ENTERTAINMENT INC NE | 104,078 | $2.4B | 34.54% | |
| 197 | KFIIK&F GROWTH ACQUISITION CORP | 225,000 | $2.3B | 33.00% | |
| 198 | COLOGLOBAL X FDS | 65,100 | $2.3B | 32.92% | |
| 199 | LCCCLAKESHORE ACQUISITION III CO | 218,500 | $2.2B | 31.59% | |
| 200 | EWWISHARES INC | 31,750 | $2.2B | 31.23% |