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Murchinson Portfolio holdings

AUM $725M
1-Year Est. Return 82.02%
This Fund
S&P 500
This Quarter Est. Return
+41.03%
1 Year Est. Return
+82.02%
3 Year Est. Return
+107.08%
5 Year Est. Return
+70.85%
10 Year Est. Return
–
AUM
$788M
AUM Growth
+$506M
Cap. Flow
+$262M
Cap. Flow %
33.3%
Top 10 Hldgs %
78.46%
Holding
135
New
73
Increased
4
Reduced
6
Closed
39

Top Buys

Rank Stock Value
1
TRP icon
TC Energy
TRP
+$203M
2
NTR icon
Nutrien
NTR
+$87.4M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$62.5M
4
MCGA
Yorkville Acquisition Corp
MCGA
+$10.7M
5
PTHS
Pelthos Therapeutics
PTHS
+$6.8M

Top Sells

Rank Stock Value
1
SOBO
South Bow Corp
SOBO
+$31.9M
2
ESGR
Enstar Group
ESGR
+$15.7M
3
GLD icon
SPDR Gold Trust
GLD
+$15.2M
4
ANSS
Ansys
ANSS
+$7.49M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$7.32M

Sector Composition

Rank Sector Weight
1 Miscellaneous 43.92%
2 Energy 28.29%
3 Materials 16.95%
4 Technology 3.9%
5 Financials 3.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABUS icon
51
CALL
Arbutus Biopharma
ABUS
$1B
$1.01M 0.13%
+222,900
New +$819K
KYIV
52
PUT
Kyivstar Group
KYIV
$3.1B
$938K 0.12%
+75,000
New +$891K
ABUS icon
53
Arbutus Biopharma
ABUS
$1B
$908K 0.12%
+200,000
New +$735K
DPRO
54
CALL
Draganfly
DPRO
$166M
$881K 0.11%
+100,000
New +$496K
LAC
55
CALL
Lithium Americas
LAC
$1.11B
$857K 0.11%
+150,000
New +$474K
GENVR
56
Gen Digital Inc Contingent Value Rights
GENVR
$824K 0.1%
111,569
– –
RAMP icon
57
LiveRamp
RAMP
$2.29B
$814K 0.1%
+30,000
New +$886K
KLAR
58
Klarna Group
KLAR
$5.37B
$733K 0.09%
+20,000
New +$856K
LUMN icon
59
PUT
Lumen
LUMN
$6.23B
$723K 0.09%
118,200
– –
PERI icon
60
Perion Network
PERI
$382M
$684K 0.09%
+71,295
New +$714K
STAA icon
61
STAAR Surgical
STAA
$1.11B
$672K 0.09%
+25,000
New +$596K
ADUR
62
Aduro Clean Technologies
ADUR
$502M
$595K 0.08%
+44,396
New +$514K
BCE icon
63
CALL
BCE
BCE
$21.9B
$585K 0.07%
+25,000
New +$602K
BCE icon
64
PUT
BCE
BCE
$21.9B
$585K 0.07%
+25,000
New +$602K
HUT
65
Hut 8
HUT
$9.79B
$522K 0.07%
+15,000
New +$381K
RXRX icon
66
CALL
Recursion Pharmaceuticals
RXRX
$1.79B
$488K 0.06%
+100,000
New +$525K
FTEK icon
67
Fuel Tech
FTEK
$46.2M
$450K 0.06%
+150,000
New +$435K
BARK icon
68
BARK
BARK
$98.6M
$407K 0.05%
24,502
+4,000
+20% +$70.7K
LEXX icon
69
Lexaria Bioscience
LEXX
$17.1M
$400K 0.05%
+27,973
New +$406K
HTZ icon
70
Hertz
HTZ
$763M
$391K 0.05%
57,446
+16,712
+41% +$107K
NWBI icon
71
Northwest Bancshares
NWBI
$2.25B
$372K 0.05%
+30,000
New +$377K
OPEN icon
72
Opendoor
OPEN
$3.19B
$335K 0.04%
+43,400
New +$176K
SPIR icon
73
CALL
Spire Global
SPIR
$535M
$325K 0.04%
+29,600
New +$306K
STKE
74
Sol Strategies Inc
STKE
$48.6M
$294K 0.04%
+67,701
New +$410K
BAM icon
75
CALL
Brookfield Asset Management
BAM
$83.2B
$285K 0.04%
+5,000
New +$297K
1 2
3
4 5

Similar funds

TCM
Tensile Capital Management Larkspur, California $724M AUM 3.48% 1-Year Est. Return
IA
IFG Advisors St. Louis, Missouri $725M AUM 27.52% 1-Year Est. Return
PAI
Palo Alto Investors Palo Alto, California $724M AUM 96.91% 1-Year Est. Return
CCP
Clifford Capital Partners Alpine, Utah $727M AUM 28.47% 1-Year Est. Return
LOAMU
Lombard Odier Asset Management (USA) New York $727M AUM 41.88% 1-Year Est. Return
SP
Stablepoint Partners Braintree, Massachusetts $723M AUM 29.31% 1-Year Est. Return
ITC
Inspire Trust Company Reno, Nevada $727M AUM 20.31% 1-Year Est. Return
SFG
Stonebridge Financial Group San Rafael, California $722M AUM

Murchinson's Q3 2025 Portfolio in Review

As of Q3 2025, Murchinson held 135 positions worth $788M, up 179% from $282M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Murchinson deployed $262M of net new capital in Q3 2025, opening 73 new positions and adding to 4 existing holdings. Its largest new stake was TC Energy: 4,050,068 shares worth $220M.

By sector, the portfolio is most concentrated in Miscellaneous at 44% of assets, up from 44% a quarter earlier, followed by Energy and Materials.

On the sell side, the largest reduction was Spirit AeroSystems, an estimated $400K trimmed.

  • Murchinson's largest Q3 2025 buy was TC Energy: 4,050,068 shares worth $220M.
  • Murchinson added most to Mr. Cooper in Q3 2025, an estimated $6.75M increase.
  • Murchinson's biggest Q3 2025 reduction was Spirit AeroSystems, cutting an estimated $400K.
  • Murchinson fully exited South Bow Corp in Q3 2025, selling an estimated $31.9M.
  • Murchinson's ten largest holdings make up 78% of its $788M portfolio in Q3 2025.
  • Murchinson opened 73 new positions and closed 39 in Q3 2025.
  • Murchinson's portfolio value rose 179% quarter-over-quarter to $788M.

Based on Murchinson's 13F filing for Q3 2025, filed 14 Nov 2025.