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Whitebox Advisors Portfolio holdings
AUM
$7.65B
Turnover
32.48%
1-Year Est. Return
13.87%
This Fund
S&P 500
This Quarter
Est. Return
+2.03%
1 Year Est. Return
+13.87%
3 Year Est. Return
+24.22%
5 Year Est. Return
+33.25%
10 Year Est. Return
+180.55%
AUM
$8.24B
AUM Growth
+$1.05B
(+15%)
Cap. Flow
-$3.91B
Cap. Flow
% of AUM
-47.46%
Top 10 Holdings %
Top 10 Hldgs %
49.22%
Holding
660
New
173
Increased
24
Reduced
29
Closed
87
Avg Time Held Equity + Options
0.8
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
1
year
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Penumbra
PEN
|
+$151M |
| 2 |
Webster Financial
WBS
|
+$132M |
| 3 |
Valaris
VAL
|
+$45.5M |
| 4 |
Oracle Corp Preferred Stock Series D
ORCL.PRD
|
+$42.5M |
| 5 |
Masimo
MASI
|
+$42.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cadence Bank
CADE
|
+$129M |
| 2 |
Comerica
CMA
|
+$109M |
| 3 |
CyberArk
CYBR
|
+$76.3M |
| 4 |
Confluent
CFLT
|
+$31.9M |
| 5 |
Exact Sciences
EXAS
|
+$31.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 80.53% |
| 2 | Financials | 7.07% |
| 3 | Healthcare | 3.57% |
| 4 | Industrials | 2.5% |
| 5 | Communication Services | 2.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
301
PG&E
PCG
$39.3B
| $264K | ﹤0.01% |
15,000
| – | – |
2025 Q1
4 quarters
|
|
302
Hadron Energy Warrant
HDRNW
$2M
| $256K | ﹤0.01% |
804,500
| – | – |
2024 Q4
5 quarters
|
|
303
Critical Metals Corp Warrants
CRMLW
$15.1M
| $243K | ﹤0.01% |
69,750
| – | – |
2024 Q1
8 quarters
|
|
304
GigCapital8 Rights
GIWWR
| $240K | ﹤0.01% |
800,000
| – | – |
2025 Q4
1 quarter
|
|
305
Fifth Era Acquisition Corp I Rights
FERAR
| $225K | ﹤0.01% |
750,000
| – | – |
2025 Q2
3 quarters
|
|
|
BCARW
306
DELISTED
D. Boral ARC Acquisition I Corp Warrant
BCARW
| $192K | ﹤0.01% |
325,000
| – | – |
2025 Q3
2 quarters
|
|
|
FACWW
307
Factorial Energy Inc Warrant
FACWW
$9.11M
| $187K | ﹤0.01% |
275,000
| – | – |
2025 Q3
2 quarters
|
|
308
Dakota Gold
DC
$734M
| $176K | ﹤0.01% |
+34,872
| New | +$206K |
2026 Q1
0 quarters
|
|
|
UCFI
309
CN Healthy Food Tech Group
UCFI
| $165K | ﹤0.01% |
30,000
| – | – |
2025 Q4
1 quarter
|
|
|
VCICW
310
DELISTED
Vine Hill Capital Investment Corp Warrant
VCICW
| $162K | ﹤0.01% |
132,500
| – | – |
2025 Q2
3 quarters
|
|
311
Lumen Technologies, Inc. Common Stock
LUMN
$4.81B
| $139K | ﹤0.01% |
+20,000
| New | +$151K |
2026 Q1
0 quarters
|
|
312
Alpha Tau Medical Warrant
DRTSW
$60.6M
| $136K | ﹤0.01% |
136,018
| – | – |
2022 Q3
14 quarters
|
|
313
Titan Acquisition Corp Warrants
TACHW
$6.2M
| $133K | ﹤0.01% |
400,000
| – | – |
2025 Q2
3 quarters
|
|
314
Soulpower Acquisition Corp Rights
SOUL.RT
| $117K | ﹤0.01% |
650,000
| – | – |
2025 Q2
3 quarters
|
|
315
Perrigo
PRGO
$2.3B
| $111K | ﹤0.01% |
+10,360
| New | +$134K |
2026 Q1
0 quarters
|
|
316
Sizzle Acquisition Corp II Right
SZZLR
| $111K | ﹤0.01% |
650,000
| – | – |
2025 Q2
3 quarters
|
|
317
Calisa Acquisition Corp Right
ALISR
| $110K | ﹤0.01% |
200,000
| – | – |
2025 Q4
1 quarter
|
|
|
IPCXR
318
DELISTED
Inflection Point Acquisition Corp III Rights
IPCXR
| $105K | ﹤0.01% |
300,000
| – | – |
2025 Q3
2 quarters
|
|
319
Vendome Acquisition Corp I Warrant
VNMEW
| $103K | ﹤0.01% |
412,500
| – | – |
2025 Q3
2 quarters
|
|
320
Wen Acquisition Corp Warrant
WENNW
$3.6M
| $96.2K | ﹤0.01% |
300,000
| – | – |
2025 Q3
2 quarters
|
|
|
APADR
321
DELISTED
A Paradise Acquisition Corp Rights
APADR
| $90.4K | ﹤0.01% |
200,000
| – | – |
2025 Q4
1 quarter
|
|
322
Harvard Ave Acquisition Corp Rights
HAVAR
| $90.1K | ﹤0.01% |
+750,000
| New | +$102K |
2026 Q1
0 quarters
|
|
323
Range Capital Acquisition Corp II Warrants
RNGTW
| $89.7K | ﹤0.01% |
250,000
| – | – |
2025 Q4
1 quarter
|
|
324
Webull Corp Warrants
BULLW
$62M
| $88.2K | ﹤0.01% |
64,397
| – | – |
2025 Q2
3 quarters
|
|
325
Collective Acquisition Corp Warrants
CCAQW
$2.15M
| $86.9K | ﹤0.01% |
300,000
| – | – |
2025 Q2
3 quarters
|
|
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Whitebox Advisors's Q1 2026 Portfolio in Review
As of Q1 2026, Whitebox Advisors held 660 positions worth $8.24B, up 15% from $7.19B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Whitebox Advisors withdrew a net $3.91B in Q1 2026, closing 87 positions and reducing 29 holdings. Its most notable exit was Cadence Bank, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 81% of assets, down from 81% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Whitebox Advisors opened a new position in Penumbra worth $146M.
- Whitebox Advisors's largest Q1 2026 buy was Penumbra: 445,001 shares worth $146M.
- Whitebox Advisors added most to Chart Industries in Q1 2026, an estimated $41.2M increase.
- Whitebox Advisors's biggest Q1 2026 reduction was Fox Class B, cutting an estimated $19.8M.
- Whitebox Advisors fully exited Cadence Bank in Q1 2026, selling an estimated $129M.
- Whitebox Advisors's ten largest holdings make up 49% of its $8.24B portfolio in Q1 2026.
- Whitebox Advisors opened 173 new positions and closed 87 in Q1 2026.
- Whitebox Advisors's portfolio value rose 15% quarter-over-quarter to $8.24B.
Based on Whitebox Advisors's 13F filing for Q1 2026, filed 15 May 2026.