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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 | |
|---|---|---|---|---|---|---|---|
326
Rithm Acquisition Corp Warrants
RAC.WS
| $85.3K | ﹤0.01% |
133,333
| – | – |
2025 Q2
3 quarters
|
|
327
X3 Acquisition Corp Warrant
XCBEW
| $84.1K | ﹤0.01% |
+350,000
| New | +$92.3K |
2026 Q1
0 quarters
|
|
328
Bold Eagle Acquisition Corp Right
BEAGR
| $84K | ﹤0.01% |
400,000
| – | – |
2024 Q4
5 quarters
|
|
329
Presidio Production Co Warrants
FTW.WS
| $81K | ﹤0.01% |
99,997
| – | – |
2024 Q4
5 quarters
|
|
|
VWAVW
330
VisionWave Holdings Warrant
VWAVW
$304K
| $80K | ﹤0.01% |
93,000
| – | – |
2025 Q3
2 quarters
|
|
331
Blaize Holdings Warrants
BZAIW
$792K
| $79.5K | ﹤0.01% |
209,250
| – | – |
2025 Q1
4 quarters
|
|
|
MLACR
332
DELISTED
Mountain Lake Acquisition Corp Right
MLACR
| $78K | ﹤0.01% |
300,000
| – | – |
2025 Q1
4 quarters
|
|
333
White Pearl Acquisition Corp Rights
WPAC.RT
| $78K | ﹤0.01% |
+300,000
| New | +$74.3K |
2026 Q1
0 quarters
|
|
|
IPEXR
334
DELISTED
Inflection Point Acquisition Corp V Rights
IPEXR
| $75.8K | ﹤0.01% |
125,000
| – | – |
2025 Q2
3 quarters
|
|
335
Syntec Optics Holdings Warrant
OPTXW
$21.4M
| $75.3K | ﹤0.01% |
69,750
| – | – |
2022 Q1
16 quarters
|
|
336
Digital Asset Acquisition Corp Warrant
DAAQW
$1.29M
| $75.2K | ﹤0.01% |
200,000
| – | – |
2025 Q2
3 quarters
|
|
337
Range Capital Acquisition Corp Rights
RANGR
| $75K | ﹤0.01% |
250,000
| – | – |
2025 Q2
3 quarters
|
|
338
D. Boral Acquisition I Corp Warrants
DBCAW
$4.17M
| $75K | ﹤0.01% |
+250,000
| New | +$70.9K |
2026 Q1
0 quarters
|
|
339
Aldel Financial II Inc Warrants
ALDFW
| $70K | ﹤0.01% |
200,000
| – | – |
2025 Q2
3 quarters
|
|
340
Lake Superior Acquisition Corp Rights
LKSPR
| $66.6K | ﹤0.01% |
57,871
| – | – |
2025 Q4
1 quarter
|
|
341
CO2 Energy Transition Corp Right
NOEMR
| $66.3K | ﹤0.01% |
390,000
| – | – |
2025 Q1
4 quarters
|
|
342
Republic Digital Acquisition Co Warrants
RDAGW
$2.43M
| $66K | ﹤0.01% |
150,000
| – | – |
2025 Q2
3 quarters
|
|
343
TGE Value Creative Solutions Corp Warrants
BEBE.WS
| $65.3K | ﹤0.01% |
+225,000
| New | +$54.5K |
2026 Q1
0 quarters
|
|
344
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$11.2M
| $63.8K | ﹤0.01% |
125,000
| – | – |
2025 Q2
3 quarters
|
|
345
New Era Energy & Digital Inc Warrants
NUAIW
$10.1M
| $63.5K | ﹤0.01% |
34,875
| – | – |
2024 Q4
5 quarters
|
|
346
SIM Acquisition Corp I Warrant
SIMAW
$1.73M
| $62.5K | ﹤0.01% |
250,000
| – | – |
2024 Q4
5 quarters
|
|
347
Blue Water Acquisition Corp III Warrant
BLUWW
$3.25M
| $62.5K | ﹤0.01% |
125,000
| – | – |
2025 Q3
2 quarters
|
|
348
Silver Pegasus Acquisition Corp Rights
SPEGR
| $62.5K | ﹤0.01% |
250,000
| – | – |
2025 Q3
2 quarters
|
|
349
Evolution Global Acquisition Corp Warrants
EVOXW
| $60K | ﹤0.01% |
+150,000
| New | +$71.1K |
2026 Q1
0 quarters
|
|
350
Aldabra 4 Liquidity Opportunity Vehicle Warrants
ALOVW
$3.8M
| $60K | ﹤0.01% |
+133,333
| New | +$48.9K |
2026 Q1
0 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.