We are live on ! Find out more
Whitebox Advisors

Whitebox Advisors Portfolio holdings

AUM $7.65B Turnover 32.48%
1-Year Est. Return 13.87%
 

Whitebox Advisors is a multi-strategy hedge fund manager founded in 1999. It invests across asset classes and markets for institutions, private entities and qualified individuals. Its trades include convertible arbitrage, distressed credit and municipal bonds. Robert Vogel, a partner and the firm's chief investment officer, is its majority owner.

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
Avg Time Held Equity + Options
0.8 years
Top 10 Avg Time Held Equity + Options
0.5 years
Top 20 Avg Time Held Equity + Options
0.9 years
Avg Time Held Equity only
0.8 years
Top 10 Avg Time Held Equity only
0.3 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

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

Top Sells

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

Sector Composition

Rank Sector Weight
1 Miscellaneous 76.51%
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 Held Since
USAS icon
626
Americas Gold and Silver
USAS
$845M
– –
-250,000
Closed -$1.3M –
VSXY icon
627
Victoria's Secret
VSXY
$8.47B
– –
-10,890
Closed -$505K –
WHR icon
628
Whirlpool
WHR
$1.91B
– –
-17,413
Closed -$939K –
CRMLW icon
629
Critical Metals Corp Warrants
CRMLW
$12M
– –
-69,750
Closed -$243K –
CUB icon
630
Lionheart Holdings
CUB
$287M
– –
-100,000
Closed -$1.08M –
HDRN icon
631
Hadron Energy
HDRN
$40.8M
– –
-550,000
Closed -$5.86M –
TONT icon
632
Graf Global Corp
TONT
$155M
– –
-250,000
Closed -$2.68M –
SIMA icon
633
SIM Acquisition Corp I
SIMA
$90.2M
– –
-500,000
Closed -$5.36M –
VACHW
634
DELISTED
Voyager Acquisition Corp Warrants
VACHW
– –
-193,612
Closed -$29.2K –
VCICW
635
DELISTED
Vine Hill Capital Investment Corp Warrant
VCICW
– –
-132,500
Closed -$162K –
TAVI icon
636
Tavia Acquisition Corp
TAVI
– –
-300,000
Closed -$3.17M –
WLAC
637
DELISTED
Willow Lane Acquisition Corp
WLAC
– –
-150,000
Closed -$1.6M –
WLACW
638
DELISTED
Willow Lane Acquisition Corp Warrants
WLACW
– –
-186,827
Closed -$542K –
RANG icon
639
Range Capital Acquisition Corp
RANG
– –
-250,000
Closed -$2.63M –
PLMK icon
640
Plum Acquisition Corp IV
PLMK
$114M
– –
-100,000
Closed -$1.06M –
MLAC
641
DELISTED
Mountain Lake Acquisition Corp
MLAC
– –
-300,000
Closed -$3.16M –
MLACR
642
DELISTED
Mountain Lake Acquisition Corp Right
MLACR
– –
-300,000
Closed -$78K –
TDAC icon
643
Translational Development Acquisition Corp
TDAC
$210M
– –
-305,000
Closed -$3.23M –
DMAA icon
644
Drugs Made In America Acquisition Corp
DMAA
– –
-400,000
Closed -$4.19M –
CEPT
645
DELISTED
Cantor Equity Partners II
CEPT
– –
-145,000
Closed -$1.58M –
RAAQ
646
DELISTED
Real Asset Acquisition Corp
RAAQ
– –
-500,000
Closed -$5.25M –
FAC icon
647
Factorial Energy Inc
FAC
$419M
– –
-550,000
Closed -$5.64M –
CAEP
648
DELISTED
Cantor Equity Partners III
CAEP
– –
-125,000
Closed -$1.29M –
APADR
649
DELISTED
A Paradise Acquisition Corp Rights
APADR
– –
-200,000
Closed -$90.4K –
ENHA icon
650
Enhanced Group Inc
ENHA
$91.3M
– –
-20,000
Closed -$2.03M –
24 25
26
27 28

Similar funds

SB Investment Advisers (UK)
SB Investment Advisers (UK) London, United Kingdom $7.66B AUM 20.12% 1-Year Est. Return
Aristeia Capital
Aristeia Capital Greenwich, Connecticut $7.69B AUM 15.48% 1-Year Est. Return
Boothbay Fund Management
Boothbay Fund Management New York $7.6B AUM 109.3% 1-Year Est. Return
Engineers Gate Manager
Engineers Gate Manager New York $7.71B AUM 24.88% 1-Year Est. Return
XTX Topco
XTX Topco George Town, Cayman Islands $7.72B AUM 32.88% 1-Year Est. Return
Appaloosa LP
Appaloosa LP Short Hills, New Jersey $7.73B AUM 104.51% 1-Year Est. Return
HM Payson & Co
HM Payson & Co Portland, Maine $7.54B AUM 31.34% 1-Year Est. Return
PointState Capital
PointState Capital New York $7.82B AUM 43.51% 1-Year Est. Return

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.