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WA

Whitebox Advisors Portfolio holdings

AUM $7.65B
1-Year Est. Return 13.87%
This Fund
S&P 500
This Quarter Est. Return
+1.93%
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
$7.65B
AUM Growth
-$592M
Cap. Flow
-$3.5B
Cap. Flow %
-45.77%
Top 10 Hldgs %
31.69%
Holding
745
New
163
Increased
24
Reduced
37
Closed
79

Top Buys

Rank Stock Value
1
TECH icon
Bio-Techne
TECH
+$113M
2
CZR icon
Caesars Entertainment
CZR
+$92.1M
3
SMCIP
Super Micro Computer Depositary Shares 7% Series A Preferred Stock
SMCIP
+$75.2M
4
AZUL
Azul S.A.
AZUL
+$73.8M
5
APGE
Apogee Therapeutics
APGE
+$40.5M

Top Sells

Rank Stock Value
1
GTLS
Chart Industries
GTLS
+$137M
2
TERN
Terns Pharmaceuticals
TERN
+$52.7M
3
LBRDK
Liberty Broadband Class C
LBRDK
+$49.6M
4
MASI
Masimo
MASI
+$48M
5
CUK
Carnival PLC
CUK
+$33.5M

Sector Composition

Rank Sector Weight
1 Miscellaneous 76.5%
2 Financials 9.04%
3 Healthcare 5.77%
4 Industrials 2.04%
5 Energy 1.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CEPV
326
Cantor Equity Partners V
CEPV
$329M
$516K 0.01%
50,000
– –
MHD icon
327
BlackRock MuniHoldings Fund
MHD
$565M
$472K 0.01%
39,677
– –
KLXE icon
328
KLX Energy Services
KLXE
$32.1M
$462K 0.01%
179,058
– –
NMG
329
Nouveau Monde Graphite
NMG
$444M
$437K 0.01%
+291,600
New +$551K
GLNDW
330
Greenland Energy Company Warrant
GLNDW
$2.51M
$425K 0.01%
+500,000
New +$546K
DRTSW icon
331
Alpha Tau Medical Warrant
DRTSW
$94.6M
$401K 0.01%
136,018
– –
FACWW
332
Factorial Energy Inc Warrant
FACWW
$8.46M
$374K ﹤0.01%
275,000
– –
NWAX
333
New America Acquisition I Corp
NWAX
$504M
$355K ﹤0.01%
35,000
– –
BTU icon
334
Peabody Energy
BTU
$3.25B
$353K ﹤0.01%
+15,250
New +$405K
ARGT icon
335
Global X MSCI Argentina ETF
ARGT
$803M
$342K ﹤0.01%
+3,750
New +$349K
BAX icon
336
Baxter International
BAX
$12.3B
$308K ﹤0.01%
14,430
-2,700
-16% -$50.3K
TACHW
337
Titan Acquisition Corp Warrants
TACHW
$286K ﹤0.01%
400,000
– –
ATIIW
338
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$15.5M
$274K ﹤0.01%
125,000
– –
BUR icon
339
Burford Capital
BUR
$918M
$267K ﹤0.01%
+65,200
New +$298K
NHICW
340
NewHold Investment Corp III Warrants
NHICW
$11.5M
$263K ﹤0.01%
125,000
– –
PCG icon
341
PG&E
PCG
$29B
$252K ﹤0.01%
15,000
– –
FERAR
342
Fifth Era Acquisition Corp I Rights
FERAR
$248K ﹤0.01%
750,000
– –
NBR icon
343
Nabors Industries
NBR
$1.36B
$242K ﹤0.01%
2,877
-2,755
-49% -$256K
TDACW
344
Translational Development Acquisition Corp Warrants
TDACW
$12.5M
$217K ﹤0.01%
152,500
– –
GIWWR
345
GigCapital8 Rights
GIWWR
$208K ﹤0.01%
800,000
– –
OPTXW icon
346
Syntec Optics Holdings Warrant
OPTXW
$16.2M
$178K ﹤0.01%
69,750
– –
CMIIW
347
DELISTED
Columbus Circle Capital Corp II Warrant
CMIIW
$176K ﹤0.01%
+133,333
New +$79.6K
UCFI
348
CN Healthy Food Tech Group
UCFI
$165K ﹤0.01%
30,000
– –
ALISR
349
Calisa Acquisition Corp Right
ALISR
$160K ﹤0.01%
200,000
– –
PONOR
350
Pono Capital Four Inc Rights
PONOR
$147K ﹤0.01%
+700,000
New +$155K
12 13
14
15 16

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SC
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SCB
Saudi Central Bank Riyadh, Saudi Arabia $7.63B AUM 53.44% 1-Year Est. Return
AC
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CCWA
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BFM
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CG
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CGH
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Whitebox Advisors's Q2 2026 Portfolio in Review

As of Q2 2026, Whitebox Advisors held 745 positions worth $7.65B, down 7.2% from $8.24B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Whitebox Advisors withdrew a net $3.5B in Q2 2026, closing 79 positions and reducing 37 holdings. Its most notable exit was Terns Pharmaceuticals, an estimated $52.7M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 77% of assets, down from 81% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Whitebox Advisors opened a new position in Bio-Techne worth $148M.

  • Whitebox Advisors's largest Q2 2026 buy was Bio-Techne: 2,100,001 shares worth $148M.
  • Whitebox Advisors added most to Caesars Entertainment in Q2 2026, an estimated $92.1M increase.
  • Whitebox Advisors's biggest Q2 2026 reduction was Chart Industries, cutting an estimated $137M.
  • Whitebox Advisors fully exited Terns Pharmaceuticals in Q2 2026, selling an estimated $52.7M.
  • Whitebox Advisors's ten largest holdings make up 32% of its $7.65B portfolio in Q2 2026.
  • Whitebox Advisors opened 163 new positions and closed 79 in Q2 2026.
  • Whitebox Advisors's portfolio value fell 7.2% quarter-over-quarter to $7.65B.

Based on Whitebox Advisors's 13F filing for Q2 2026, filed 14 Aug 2026.