We are live on !
Find out more
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
(-7.2%)
Cap. Flow
-$3.5B
Cap. Flow % of AUM
Cap. Flow %
-45.77%
Top 10 Holdings %
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 |
Bio-Techne
TECH
|
+$113M |
| 2 |
Caesars Entertainment
CZR
|
+$92.1M |
| 3 |
Super Micro Computer Depositary Shares 7% Series A Preferred Stock
SMCIP
|
+$75.2M |
| 4 |
Azul S.A.
AZUL
|
+$73.8M |
| 5 |
Apogee Therapeutics
APGE
|
+$40.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chart Industries
GTLS
|
+$137M |
| 2 |
Terns Pharmaceuticals
TERN
|
+$52.7M |
| 3 |
Liberty Broadband Class C
LBRDK
|
+$49.6M |
| 4 |
Masimo
MASI
|
+$48M |
| 5 |
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 | |
|---|---|---|---|---|---|---|---|
76
DELISTED
Clear Channel Outdoor Holdings
CCO
| $4.85M | 0.06% |
2,003,835
| – | – |
2024 Q2
8 quarters
|
|
77
Shreya Acquisition Group
SAGU
$160M
| $4.7M | 0.06% |
+475,000
| New | +$4.69M |
2026 Q2
0 quarters
|
|
78
Cantor Equity Partners IV
CEPF
$591M
| $4.68M | 0.06% |
450,000
| – | – |
2025 Q3
3 quarters
|
|
79
ARC Group Acquisition I Corp
ARCL
$180M
| $4.54M | 0.06% |
+460,000
| New | +$4.55M |
2026 Q2
0 quarters
|
|
80
Drugs Made In America Acquisition II Corp
DMII
$650M
| $4.53M | 0.06% |
450,000
| – | – |
2025 Q4
2 quarters
|
|
81
HCM IV Acquisition Corp
HACQ
$375M
| $4.51M | 0.06% |
+450,000
| New | +$4.48M |
2026 Q2
0 quarters
|
|
82
TGE Value Creative Solutions Corp
BEBE
| $4.49M | 0.06% |
450,000
| – | – |
2026 Q1
1 quarter
|
|
83
Averin Capital Acquisition Corp
ACAA
$358M
| $4.48M | 0.06% |
+450,000
| New | +$4.47M |
2026 Q2
0 quarters
|
|
84
Illumination Acquisition Corp I
ILLU
$312M
| $4.46M | 0.06% |
+450,000
| New | +$4.45M |
2026 Q2
0 quarters
|
|
85
RRE Ventures Acquisition Corp
RREV
$330M
| $4.44M | 0.06% |
+450,000
| New | +$4.45M |
2026 Q2
0 quarters
|
|
86
Charlton Aria Acquisition Corp
CHAR
| $4.31M | 0.06% |
399,000
| – | – |
2024 Q4
6 quarters
|
|
87
Forefront Tech Holdings Acquisition Corp Unit
FTHAU
| $4.28M | 0.06% |
+420,000
| New | +$4.2M |
2026 Q2
0 quarters
|
|
88
Aldel Financial II Inc
ALDF
$321M
| $4.27M | 0.06% |
400,000
| – | – |
2025 Q2
4 quarters
|
|
89
Bold Eagle Acquisition Corp
BEAG
$332M
| $4.27M | 0.06% |
400,000
| – | – |
2024 Q4
6 quarters
|
|
90
Electra Battery Materials
ELBM
$45.5M
| $4.22M | 0.06% |
6,892,107
-1,307,992
| -16% | -$802K |
2025 Q1
5 quarters
|
|
91
Stellar V Capital Corp
SVCC
$231M
| $4.22M | 0.06% |
400,000
| – | – |
2025 Q1
5 quarters
|
|
92
Roman DBDR Acquisition Corp II
DRDB
| $4.21M | 0.06% |
400,000
| – | – |
2025 Q1
5 quarters
|
|
93
Rithm Acquisition Corp
RAC
$311M
| $4.18M | 0.05% |
400,000
| – | – |
2025 Q2
4 quarters
|
|
94
Collective Acquisition Corp
CCAQ
| $4.17M | 0.05% |
400,000
| – | – |
2025 Q2
4 quarters
|
|
95
Digital Asset Acquisition Corp
DAAQ
$242M
| $4.15M | 0.05% |
400,000
| – | – |
2025 Q2
4 quarters
|
|
96
Lake Superior Acquisition Corp
LKSP
$162M
| $4.11M | 0.05% |
405,103
| – | – |
2025 Q4
2 quarters
|
|
97
EQV Ventures Acquisition Corp II
EVAC
$606M
| $4.07M | 0.05% |
400,000
| – | – |
2025 Q3
3 quarters
|
|
98
CO2 Energy Transition Corp
NOEM
$39.1M
| $4.07M | 0.05% |
390,000
| – | – |
2025 Q1
5 quarters
|
|
99
Kensington Capital Acquisition Corp VI New Units
KCA.U
| $4.06M | 0.05% |
+400,000
| New | +$4.01M |
2026 Q2
0 quarters
|
|
100
Inflection Point Acquisition Corp. VII Class A Ordinary Shares
IPXG
$320M
| $4.06M | 0.05% |
+400,000
| New | +$3.97M |
2026 Q2
0 quarters
|
|
Similar funds
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.