Whitebox Advisors

MINNEAPOLIS, MNfiles as WHITEBOX ADVISORS LLC

$2.0bn in 581 US stocks at the end of 30 June 2026. The top 10 are 43.5% of the money. It changed about 41.9% of the portfolio this quarter.

Value

$2.0bn

Stocks

581

Top 10 share

43.5%

Turnover

41.9%

What changed this quarter

New

Bought for the first time this quarter.

Bio-TechneTECH
7.2% of the fund
Azul S AAZUL
3.7% of the fund
Super Micro Computer
3.6% of the fund
Apogee TherapeuticsAPGE
2.9% of the fund
Nuvalent
1.7% of the fund
Office Properties Income TrustOPI
1.5% of the fund
Wheels Up ExperienceUP
0.4% of the fund
Idea AcquisitionIACO
0.4% of the fund
Pono Capital FourPONO
0.3% of the fund
Voyager TechnologiesVOYG
0.3% of the fund
Ryanair HoldingsRYAAY
0.3% of the fund
Armada Acquisition Corp. IIIAACI
0.3% of the fund
Maywood Acquisition Corp. 2MYX
0.3% of the fund
Shreya Acquisition GroupSAGU
0.2% of the fund
ARC Group Acquisition IARCL
0.2% of the fund
HCM IV AcquisitionHACQ
0.2% of the fund
Averin Capital AcquisitionACAA
0.2% of the fund
Illumination Acquisition Corp. IILLU
0.2% of the fund
RRE Ventures AcquisitionRREV
0.2% of the fund
Forefront Technology HoldingFTHAU
0.2% of the fund
Kensington CAP AcquisitionKCA-U
0.2% of the fund
Inflection Point Acquisition Corp. VIIIPXG
0.2% of the fund
Futurecorp Space AcquisitionFTRA-U
0.2% of the fund
Berto Acquisition Corp IIGUACU
0.2% of the fund
Starlink AI AcquisitionOTAI-U
0.2% of the fund

Added

Bought more of a stock they already held.

PenumbraPEN
7.8% of the fund
+14%
Caesars EntertainmentCZR
5.0% of the fund
+2886%
ValarisVAL
3.0% of the fund
+46%
Gulfport EnergyGPOR
2.3% of the fund
+25%
HeicoHEI-A
1.7% of the fund
+6%
Liberty Live HoldingsLLYVK
1.1% of the fund
+35%
Service Properties TrustSVC
0.8% of the fund
+154%
Community Health SystemsCYH
0.6% of the fund
+19%
FoxFOX
0.5% of the fund
+13%
NewsNWSA
0.4% of the fund
+401%
Goodyear Tire & RubberGT
0.3% of the fund
+18%
Albertsons CompaniesACI
0.3% of the fund
+41%
National CineMediaNCMI
0.2% of the fund
+8%
Aberdeen Municipal Income FundMFM
0.2% of the fund
+360%
Bausch Health CompaniesBHC
0.1% of the fund
+9%
Global X FDSCOLO
0.1% of the fund
+5%
Herc HoldingsHRI
<0.1% of the fund
+3%
FiservFISV
<0.1% of the fund
+55%
Xerox HoldingsXRXDW
<0.1% of the fund
+34%
PaysafePSFE
<0.1% of the fund
+39%
Mercer InternationalMERC
<0.1% of the fund
+39%
CelaneseCE
<0.1% of the fund
+25%

Cut

Sold some of their stake.

Webster FinancialWBS
5.8% of the fund
-19%
Warner Bros. DiscoveryWBD
2.0% of the fund
-6%
Oracle
1.8% of the fund
-11%
Chart Inds
1.0% of the fund
-87%
Chord EnergyCHRD
0.7% of the fund
-22%
SM EnergySM
0.6% of the fund
-18%
DauchDCH
0.6% of the fund
-6%
Bausch & LombBLCO
0.6% of the fund
-38%
Grifols S AGRFS
0.6% of the fund
-22%
Liberty BroadbandLBRDK
0.3% of the fund
-86%
MGM Resorts InternationalMGM
0.3% of the fund
-26%
Under ArmourUAA
0.3% of the fund
-13%
Electra Battery MaterialsELBM
0.2% of the fund
-16%
Constellium SECSTM
0.1% of the fund
-72%
Sirius XM HoldingsSIRI
0.1% of the fund
-52%
Ryder SystemR
<0.1% of the fund
-38%
iHeartMediaIHRT
<0.1% of the fund
-26%
CompassCOMP
<0.1% of the fund
-37%
Avis Budget GroupCAR
<0.1% of the fund
-33%
Hudson Pacific PropertiesHPP
<0.1% of the fund
-69%
Churchill Capital Corp XICCXI
<0.1% of the fund
-60%
PENN EntertainmentPENN
<0.1% of the fund
-37%
Acadia Healthcare CompanyACHC
<0.1% of the fund
-29%
Eagle Nuclear EnergyNUCLW
<0.1% of the fund
-9%
Six Flags EntertainmentFUN
<0.1% of the fund
-31%

Sold out

Sold their entire stake.

Super Micro Computer
-100%
Terns Pharmaceuticals
-100%
Masimo
-100%
Carnival PLC ADS
-100%
Lumentum HoldingsLITE
-100%
People Inc.PPLI
-100%
Idea AcquisitionIACOU
-100%
Wheels UP Experience
-100%
Pono CAP FourPONOU
-100%
Hadron EnergyHDRN
-100%
Factorial EnergyFAC
-100%
Armada Acquisition Corp IIIAACIU
-100%
SIM Acquisition Corp. ISIMA
-100%
Real Asset Acquisition
-100%
HCM IV AcquisitionHACQU
-100%
Averin CAP AcquisitionACAAU
-100%
Illumination AcquisitioILLUU
-100%
Drugs Made In America AcquisitionDMAA
-100%
Kensington CAP AcquisitionKCAC-U
-100%
Columbus Circle CAP Corp IIIPXGU
-100%
FG Imperii AcquisitionFGIIU
-100%
Cambridge AcquisitionCAQUU
-100%
Praetorian AcquisitionPTORU
-100%
BrookfieldBN
-100%
RF Acquisition Corp IIIRFAMU
-100%

Holdings

PenumbraPEN
Share
7.8%
Value
$160m
Shares
506,881
+14%
Bio-TechneTECH
Share
7.2%
Value
$148m
Shares
2,100,001
New
Webster FinancialWBS
Share
5.8%
Value
$119m
Shares
1,560,001
-19%
Caesars EntertainmentCZR
Share
5.0%
Value
$102m
Shares
3,379,426
+2886%
Azul S AAZUL
Share
3.7%
Value
$75m
Shares
8,362,136
New
Super Micro Computer
Share
3.6%
Value
$73m
Shares
1,400,000
New
ValarisVAL
Share
3.0%
Value
$62m
Shares
850,696
+46%
Apogee TherapeuticsAPGE
Share
2.9%
Value
$60m
Shares
450,001
New
Gulfport EnergyGPOR
Share
2.3%
Value
$47m
Shares
274,627
+25%
Triple Flag Precious MetalsTFPM
Share
2.2%
Value
$46m
Shares
1,518,950
Held
Warner Bros. DiscoveryWBD
Share
2.0%
Value
$41m
Shares
1,525,001
-6%
Oracle
Share
1.8%
Value
$36m
Shares
800,000
-11%
HeicoHEI-A
Share
1.7%
Value
$34m
Shares
132,104
+6%
Nuvalent
Share
1.7%
Value
$34m
Shares
275,001
New
Office Properties Income TrustOPI
Share
1.5%
Value
$30m
Shares
1,748,605
New
Liberty Live HoldingsLLYVK
Share
1.1%
Value
$23m
Shares
217,989
+35%
Chart Inds
Share
1.0%
Value
$21m
Shares
100,046
-87%
Service Properties TrustSVC
Share
0.8%
Value
$16m
Shares
9,581,711
+154%
Chord EnergyCHRD
Share
0.7%
Value
$14m
Shares
124,476
-22%
SM EnergySM
Share
0.6%
Value
$13m
Shares
496,601
-18%
Community Health SystemsCYH
Share
0.6%
Value
$12m
Shares
3,732,743
+19%
DauchDCH
Share
0.6%
Value
$12m
Shares
2,158,683
-6%
Liberty BroadbandLBRDA
Share
0.6%
Value
$12m
Shares
348,076
Held
Bausch & LombBLCO
Share
0.6%
Value
$11m
Shares
686,976
-38%
Grifols S AGRFS
Share
0.6%
Value
$11m
Shares
1,603,483
-22%
FoxFOX
Share
0.5%
Value
$9m
Shares
198,874
+13%
Wheels Up ExperienceUP
Share
0.4%
Value
$9m
Shares
1,021,597
New
NewsNWSA
Share
0.4%
Value
$9m
Shares
343,120
+401%
Vendome Acquisition Corp IVNME
Share
0.4%
Value
$8m
Shares
825,000
Held
Titan AcquisitionTACH
Share
0.4%
Value
$8m
Shares
800,000
Held
GigCapital8GIW
Share
0.4%
Value
$8m
Shares
800,000
Held
Idea AcquisitionIACO
Share
0.4%
Value
$8m
Shares
797,378
New
Fifth Era Acquisition Corp IFERA
Share
0.4%
Value
$8m
Shares
750,000
Held
Harvard Ave AcquisitionHAVA
Share
0.4%
Value
$8m
Shares
750,000
Held
X3 AcquisitionXCBE
Share
0.3%
Value
$7m
Shares
700,000
Held
Pono Capital FourPONO
Share
0.3%
Value
$7m
Shares
700,000
New
Goodyear Tire & RubberGT
Share
0.3%
Value
$7m
Shares
1,030,739
+18%
Liberty BroadbandLBRDK
Share
0.3%
Value
$7m
Shares
204,475
-86%
D. Boral ARC ACQ I
Share
0.3%
Value
$7m
Shares
650,000
Held
Sizzle Acquisition Corp. IISZZL
Share
0.3%
Value
$7m
Shares
650,000
Held
Soulpower AcquisitionSOUL
Share
0.3%
Value
$7m
Shares
650,000
Held
MGM Resorts InternationalMGM
Share
0.3%
Value
$7m
Shares
137,596
-26%
Under ArmourUAA
Share
0.3%
Value
$7m
Shares
1,028,992
-13%
Voyager TechnologiesVOYG
Share
0.3%
Value
$6m
Shares
196,156
New
Albertsons CompaniesACI
Share
0.3%
Value
$6m
Shares
461,502
+41%
WEN AcquisitionWENN
Share
0.3%
Value
$6m
Shares
600,000
Held
Brookfield Renewable EnergyBEP
Share
0.3%
Value
$6m
Shares
170,000
Held
Ryanair HoldingsRYAAY
Share
0.3%
Value
$6m
Shares
89,628
New
Armada Acquisition Corp. IIIAACI
Share
0.3%
Value
$5m
Shares
550,000
New
Maywood Acquisition Corp. 2MYX
Share
0.3%
Value
$5m
Shares
550,000
New
New Providence Acquisition Corp. III/CaymanNPAC
Share
0.3%
Value
$5m
Shares
500,000
Held
National CineMediaNCMI
Share
0.2%
Value
$5m
Shares
1,342,084
+8%
AA Mission Acquisition Corp. IIYCY
Share
0.2%
Value
$5m
Shares
500,000
Held
Range Capital Acquisition Corp IIRNGT
Share
0.2%
Value
$5m
Shares
500,000
Held
D. Boral Acquisition IDBCA
Share
0.2%
Value
$5m
Shares
500,000
Held
Clear Channel Outdoor HoldingsCCO
Share
0.2%
Value
$5m
Shares
2,003,835
Held
Shreya Acquisition GroupSAGU
Share
0.2%
Value
$5m
Shares
475,000
New
Cantor Equity Partners IVCEPF
Share
0.2%
Value
$5m
Shares
450,000
Held
ARC Group Acquisition IARCL
Share
0.2%
Value
$5m
Shares
460,000
New
Drugs Made In America Acquisition IIDMII
Share
0.2%
Value
$5m
Shares
450,000
Held
HCM IV AcquisitionHACQ
Share
0.2%
Value
$5m
Shares
450,000
New
TGE Value Creative SolutionsBEBE
Share
0.2%
Value
$4m
Shares
450,000
Held
Averin Capital AcquisitionACAA
Share
0.2%
Value
$4m
Shares
450,000
New
Illumination Acquisition Corp. IILLU
Share
0.2%
Value
$4m
Shares
450,000
New
RRE Ventures AcquisitionRREV
Share
0.2%
Value
$4m
Shares
450,000
New
Charlton Aria AcquisitionCHAR
Share
0.2%
Value
$4m
Shares
399,000
Held
Forefront Technology HoldingFTHAU
Share
0.2%
Value
$4m
Shares
420,000
New
Aldel Financial IIALDF
Share
0.2%
Value
$4m
Shares
400,000
Held
Bold Eagle AcquisitionBEAG
Share
0.2%
Value
$4m
Shares
400,000
Held
Electra Battery MaterialsELBM
Share
0.2%
Value
$4m
Shares
6,892,107
-16%
Stellar V Capital Corp. (Cayman Islands)SVCC
Share
0.2%
Value
$4m
Shares
400,000
Held
Roman DBDR Acquisition Corp. IIDRDB
Share
0.2%
Value
$4m
Shares
400,000
Held
Rithm AcquisitionRAC
Share
0.2%
Value
$4m
Shares
400,000
Held
Collective AcquisitionCCAQ
Share
0.2%
Value
$4m
Shares
400,000
Held
Digital Asset AcquisitionDAAQ
Share
0.2%
Value
$4m
Shares
400,000
Held
Lake Superior AcquisitionLKSP
Share
0.2%
Value
$4m
Shares
405,103
Held
EQV Ventures Acquisition Corp. IIEVAC
Share
0.2%
Value
$4m
Shares
400,000
Held
CO2 Energy TransitionNOEM
Share
0.2%
Value
$4m
Shares
390,000
Held
Kensington CAP AcquisitionKCA-U
Share
0.2%
Value
$4m
Shares
400,000
New
Inflection Point Acquisition Corp. VIIIPXG
Share
0.2%
Value
$4m
Shares
400,000
New
Futurecorp Space AcquisitionFTRA-U
Share
0.2%
Value
$4m
Shares
400,000
New
Berto Acquisition Corp IIGUACU
Share
0.2%
Value
$4m
Shares
400,000
New
Emmis AcquisitionEMIS
Share
0.2%
Value
$4m
Shares
400,000
Held
Miluna AcquisitionMMTX
Share
0.2%
Value
$4m
Shares
400,000
Held
Starlink AI AcquisitionOTAI-U
Share
0.2%
Value
$4m
Shares
400,000
New
JAB Acquisition Corp IATLQU
Share
0.2%
Value
$4m
Shares
400,000
New
Alpex AcquisitionALPXU
Share
0.2%
Value
$4m
Shares
400,000
New
Energy Transition SPL OpportETSS-U
Share
0.2%
Value
$4m
Shares
400,000
New
Patriot AcquisitionPTACU
Share
0.2%
Value
$4m
Shares
400,000
New
Newbury Street II AcquisitionNTWO
Share
0.2%
Value
$4m
Shares
375,000
Held
Apogee AcquisitionAACP
Share
0.2%
Value
$4m
Shares
400,000
New
Wilco 63WLCOU
Share
0.2%
Value
$4m
Shares
400,000
New
Aldabra 4 Liquidity Opportunity VehicleALOV
Share
0.2%
Value
$4m
Shares
400,000
Held
Vernal Capital AcquisitionVECA
Share
0.2%
Value
$4m
Shares
400,000
New
FG Imperii AcquisitionFGII
Share
0.2%
Value
$4m
Shares
400,000
New
Mountain Lake Acquisition Corp. IIMLAA
Share
0.2%
Value
$4m
Shares
400,000
Held
Praetorian AcquisitionPTOR
Share
0.2%
Value
$4m
Shares
400,000
New
Quantum Leap AcquisitionQLEP
Share
0.2%
Value
$4m
Shares
400,000
New
Soren AcquisitionSORN
Share
0.2%
Value
$4m
Shares
400,000
Held
Interprivate Invts PartnersIPVVU
Share
0.2%
Value
$4m
Shares
400,000
New

Company	Share of fund	Value	Shares	Change
PenumbraPEN	7.8%	$160m	506,881	+14%
Bio-TechneTECH	7.2%	$148m	2,100,001	New
Webster FinancialWBS	5.8%	$119m	1,560,001	-19%
Caesars EntertainmentCZR	5.0%	$102m	3,379,426	+2886%
Azul S AAZUL	3.7%	$75m	8,362,136	New
Super Micro Computer	3.6%	$73m	1,400,000	New
ValarisVAL	3.0%	$62m	850,696	+46%
Apogee TherapeuticsAPGE	2.9%	$60m	450,001	New
Gulfport EnergyGPOR	2.3%	$47m	274,627	+25%
Triple Flag Precious MetalsTFPM	2.2%	$46m	1,518,950	Held
Warner Bros. DiscoveryWBD	2.0%	$41m	1,525,001	-6%
Oracle	1.8%	$36m	800,000	-11%
HeicoHEI-A	1.7%	$34m	132,104	+6%
Nuvalent	1.7%	$34m	275,001	New
Office Properties Income TrustOPI	1.5%	$30m	1,748,605	New
Liberty Live HoldingsLLYVK	1.1%	$23m	217,989	+35%
Chart Inds	1.0%	$21m	100,046	-87%
Service Properties TrustSVC	0.8%	$16m	9,581,711	+154%
Chord EnergyCHRD	0.7%	$14m	124,476	-22%
SM EnergySM	0.6%	$13m	496,601	-18%
Community Health SystemsCYH	0.6%	$12m	3,732,743	+19%
DauchDCH	0.6%	$12m	2,158,683	-6%
Liberty BroadbandLBRDA	0.6%	$12m	348,076	Held
Bausch & LombBLCO	0.6%	$11m	686,976	-38%
Grifols S AGRFS	0.6%	$11m	1,603,483	-22%
FoxFOX	0.5%	$9m	198,874	+13%
Wheels Up ExperienceUP	0.4%	$9m	1,021,597	New
NewsNWSA	0.4%	$9m	343,120	+401%
Vendome Acquisition Corp IVNME	0.4%	$8m	825,000	Held
Titan AcquisitionTACH	0.4%	$8m	800,000	Held
GigCapital8GIW	0.4%	$8m	800,000	Held
Idea AcquisitionIACO	0.4%	$8m	797,378	New
Fifth Era Acquisition Corp IFERA	0.4%	$8m	750,000	Held
Harvard Ave AcquisitionHAVA	0.4%	$8m	750,000	Held
X3 AcquisitionXCBE	0.3%	$7m	700,000	Held
Pono Capital FourPONO	0.3%	$7m	700,000	New
Goodyear Tire & RubberGT	0.3%	$7m	1,030,739	+18%
Liberty BroadbandLBRDK	0.3%	$7m	204,475	-86%
D. Boral ARC ACQ I	0.3%	$7m	650,000	Held
Sizzle Acquisition Corp. IISZZL	0.3%	$7m	650,000	Held
Soulpower AcquisitionSOUL	0.3%	$7m	650,000	Held
MGM Resorts InternationalMGM	0.3%	$7m	137,596	-26%
Under ArmourUAA	0.3%	$7m	1,028,992	-13%
Voyager TechnologiesVOYG	0.3%	$6m	196,156	New
Albertsons CompaniesACI	0.3%	$6m	461,502	+41%
WEN AcquisitionWENN	0.3%	$6m	600,000	Held
Brookfield Renewable EnergyBEP	0.3%	$6m	170,000	Held
Ryanair HoldingsRYAAY	0.3%	$6m	89,628	New
Armada Acquisition Corp. IIIAACI	0.3%	$5m	550,000	New
Maywood Acquisition Corp. 2MYX	0.3%	$5m	550,000	New
New Providence Acquisition Corp. III/CaymanNPAC	0.3%	$5m	500,000	Held
National CineMediaNCMI	0.2%	$5m	1,342,084	+8%
AA Mission Acquisition Corp. IIYCY	0.2%	$5m	500,000	Held
Range Capital Acquisition Corp IIRNGT	0.2%	$5m	500,000	Held
D. Boral Acquisition IDBCA	0.2%	$5m	500,000	Held
Clear Channel Outdoor HoldingsCCO	0.2%	$5m	2,003,835	Held
Shreya Acquisition GroupSAGU	0.2%	$5m	475,000	New
Cantor Equity Partners IVCEPF	0.2%	$5m	450,000	Held
ARC Group Acquisition IARCL	0.2%	$5m	460,000	New
Drugs Made In America Acquisition IIDMII	0.2%	$5m	450,000	Held
HCM IV AcquisitionHACQ	0.2%	$5m	450,000	New
TGE Value Creative SolutionsBEBE	0.2%	$4m	450,000	Held
Averin Capital AcquisitionACAA	0.2%	$4m	450,000	New
Illumination Acquisition Corp. IILLU	0.2%	$4m	450,000	New
RRE Ventures AcquisitionRREV	0.2%	$4m	450,000	New
Charlton Aria AcquisitionCHAR	0.2%	$4m	399,000	Held
Forefront Technology HoldingFTHAU	0.2%	$4m	420,000	New
Aldel Financial IIALDF	0.2%	$4m	400,000	Held
Bold Eagle AcquisitionBEAG	0.2%	$4m	400,000	Held
Electra Battery MaterialsELBM	0.2%	$4m	6,892,107	-16%
Stellar V Capital Corp. (Cayman Islands)SVCC	0.2%	$4m	400,000	Held
Roman DBDR Acquisition Corp. IIDRDB	0.2%	$4m	400,000	Held
Rithm AcquisitionRAC	0.2%	$4m	400,000	Held
Collective AcquisitionCCAQ	0.2%	$4m	400,000	Held
Digital Asset AcquisitionDAAQ	0.2%	$4m	400,000	Held
Lake Superior AcquisitionLKSP	0.2%	$4m	405,103	Held
EQV Ventures Acquisition Corp. IIEVAC	0.2%	$4m	400,000	Held
CO2 Energy TransitionNOEM	0.2%	$4m	390,000	Held
Kensington CAP AcquisitionKCA-U	0.2%	$4m	400,000	New
Inflection Point Acquisition Corp. VIIIPXG	0.2%	$4m	400,000	New
Futurecorp Space AcquisitionFTRA-U	0.2%	$4m	400,000	New
Berto Acquisition Corp IIGUACU	0.2%	$4m	400,000	New
Emmis AcquisitionEMIS	0.2%	$4m	400,000	Held
Miluna AcquisitionMMTX	0.2%	$4m	400,000	Held
Starlink AI AcquisitionOTAI-U	0.2%	$4m	400,000	New
JAB Acquisition Corp IATLQU	0.2%	$4m	400,000	New
Alpex AcquisitionALPXU	0.2%	$4m	400,000	New
Energy Transition SPL OpportETSS-U	0.2%	$4m	400,000	New
Patriot AcquisitionPTACU	0.2%	$4m	400,000	New
Newbury Street II AcquisitionNTWO	0.2%	$4m	375,000	Held
Apogee AcquisitionAACP	0.2%	$4m	400,000	New
Wilco 63WLCOU	0.2%	$4m	400,000	New
Aldabra 4 Liquidity Opportunity VehicleALOV	0.2%	$4m	400,000	Held
Vernal Capital AcquisitionVECA	0.2%	$4m	400,000	New
FG Imperii AcquisitionFGII	0.2%	$4m	400,000	New
Mountain Lake Acquisition Corp. IIMLAA	0.2%	$4m	400,000	Held
Praetorian AcquisitionPTOR	0.2%	$4m	400,000	New
Quantum Leap AcquisitionQLEP	0.2%	$4m	400,000	New
Soren AcquisitionSORN	0.2%	$4m	400,000	Held
Interprivate Invts PartnersIPVVU	0.2%	$4m	400,000	New

Showing the largest 100 of 581.

Options (24)

State STR Spdr S&P 500 ETF TSPY
Type
Put
Value
$373m
Contracts
500,000
Ishares TRIWM
Type
Put
Value
$150m
Contracts
500,000
NvidiaNVDA
Type
Put
Value
$140m
Contracts
700,000
Nebius GroupNBIS
Type
Put
Value
$138m
Contracts
500,000
Super Micro ComputerSMCI
Type
Put
Value
$120m
Contracts
4,100,000
Taiwan Semiconductor ManufacturingTSM
Type
Put
Value
$96m
Contracts
200,000
Micron TechnologyMU
Type
Put
Value
$92m
Contracts
80,000
AppleAAPL
Type
Put
Value
$72m
Contracts
250,000
Vaneck ETF TrustSMH
Type
Put
Value
$66m
Contracts
100,000
CoreWeaveCRWV
Type
Put
Value
$40m
Contracts
400,000
MARA HoldingsMARA
Type
Put
Value
$39m
Contracts
2,831,500
Warner Bros. DiscoveryWBD
Type
Put
Value
$29m
Contracts
1,100,000
Lumen TechnologiesLUMN
Type
Put
Value
$27m
Contracts
3,500,000
TidewaterTDW
Type
Put
Value
$18m
Contracts
276,100
Jetblue AirwaysJBLU
Type
Call
Value
$16m
Contracts
2,750,000
Medical Properties TrustMPT
Type
Put
Value
$7m
Contracts
1,500,000
Xerox HoldingsXRX
Type
Put
Value
$6m
Contracts
2,000,000
Bitdeer Technologies GroupBTDR
Type
Put
Value
$6m
Contracts
392,800
TransoceanRIG
Type
Put
Value
$5m
Contracts
1,000,000
MARA HoldingsMARA
Type
Call
Value
$5m
Contracts
350,000
Sarepta TherapeuticsSRPT
Type
Put
Value
$4m
Contracts
214,600
Hertz Global HoldingsHTZ
Type
Put
Value
$3m
Contracts
1,469,700
SabreSABR
Type
Call
Value
$2m
Contracts
1,000,000
AMC Entertainment HoldingsAMC
Type
Put
Value
$2m
Contracts
1,000,000

Company	Type	Value	Contracts
State STR Spdr S&P 500 ETF TSPY	Put	$373m	500,000
Ishares TRIWM	Put	$150m	500,000
NvidiaNVDA	Put	$140m	700,000
Nebius GroupNBIS	Put	$138m	500,000
Super Micro ComputerSMCI	Put	$120m	4,100,000
Taiwan Semiconductor ManufacturingTSM	Put	$96m	200,000
Micron TechnologyMU	Put	$92m	80,000
AppleAAPL	Put	$72m	250,000
Vaneck ETF TrustSMH	Put	$66m	100,000
CoreWeaveCRWV	Put	$40m	400,000
MARA HoldingsMARA	Put	$39m	2,831,500
Warner Bros. DiscoveryWBD	Put	$29m	1,100,000
Lumen TechnologiesLUMN	Put	$27m	3,500,000
TidewaterTDW	Put	$18m	276,100
Jetblue AirwaysJBLU	Call	$16m	2,750,000
Medical Properties TrustMPT	Put	$7m	1,500,000
Xerox HoldingsXRX	Put	$6m	2,000,000
Bitdeer Technologies GroupBTDR	Put	$6m	392,800
TransoceanRIG	Put	$5m	1,000,000
MARA HoldingsMARA	Call	$5m	350,000
Sarepta TherapeuticsSRPT	Put	$4m	214,600
Hertz Global HoldingsHTZ	Put	$3m	1,469,700
SabreSABR	Call	$2m	1,000,000
AMC Entertainment HoldingsAMC	Put	$2m	1,000,000

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 69.7% since 30 June 2025.

Where the money is

Financial services33.6%

Health care19.5%

Retail & consumer7.4%

Energy6.7%

Media & telecom4.5%

Industrials3.2%

Real estate2.4%

Technology1.5%

Materials0.9%

Everyday goods0.3%

Utilities0.2%

Other20.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.