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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 | |
|---|---|---|---|---|---|---|---|
76
HCM IV Acquisition Corp Unit
HACQU
$253M
| $4.51M | 0.05% |
+450,000
| New | +$4.52M |
2026 Q1
0 quarters
|
|
77
Averin Capital Acquisition Corp Units
ACAAU
$253M
| $4.5M | 0.05% |
+450,000
| New | +$4.52M |
2026 Q1
0 quarters
|
|
78
Drugs Made In America Acquisition II Corp
DMII
$649M
| $4.49M | 0.05% |
450,000
| – | – |
2025 Q4
1 quarter
|
|
79
Illumination Acquisition Corp I Units
ILLUU
| $4.46M | 0.05% |
+450,000
| New | +$4.47M |
2026 Q1
0 quarters
|
|
80
TGE Value Creative Solutions Corp
BEBE
$202M
| $4.45M | 0.05% |
+450,000
| New | +$4.45M |
2026 Q1
0 quarters
|
|
81
Aldel Financial II Inc
ALDF
$328M
| $4.22M | 0.05% |
400,000
| – | – |
2025 Q2
3 quarters
|
|
82
Bold Eagle Acquisition Corp
BEAG
$335M
| $4.22M | 0.05% |
400,000
| – | – |
2024 Q4
5 quarters
|
|
83
Charlton Aria Acquisition Corp
CHAR
$120M
| $4.22M | 0.05% |
399,000
| – | – |
2024 Q4
5 quarters
|
|
84
Drugs Made In America Acquisition Corp
DMAA
$264M
| $4.19M | 0.05% |
400,000
| – | – |
2025 Q1
4 quarters
|
|
85
Roman DBDR Acquisition Corp II
DRDB
$329M
| $4.19M | 0.05% |
400,000
| – | – |
2025 Q1
4 quarters
|
|
86
Stellar V Capital Corp
SVCC
$232M
| $4.18M | 0.05% |
400,000
| – | – |
2025 Q1
4 quarters
|
|
87
Rithm Acquisition Corp
RAC
$311M
| $4.16M | 0.05% |
400,000
| – | – |
2025 Q2
3 quarters
|
|
88
Collective Acquisition Corp
CCAQ
$212M
| $4.13M | 0.05% |
400,000
| – | – |
2025 Q2
3 quarters
|
|
89
Digital Asset Acquisition Corp
DAAQ
$241M
| $4.1M | 0.05% |
400,000
| – | – |
2025 Q2
3 quarters
|
|
90
Lake Superior Acquisition Corp
LKSP
$161M
| $4.07M | 0.05% |
405,103
| – | – |
2025 Q4
1 quarter
|
|
91
CO2 Energy Transition Corp
NOEM
| $4.04M | 0.05% |
390,000
| – | – |
2025 Q1
4 quarters
|
|
92
EQV Ventures Acquisition Corp II
EVAC
$602M
| $4.04M | 0.05% |
400,000
| – | – |
2025 Q3
2 quarters
|
|
|
EMIS
93
Emmis Acquisition Corp
EMIS
| $4.02M | 0.05% |
400,000
| – | – |
2025 Q4
1 quarter
|
|
94
Kensington Capital Acquisition Corp VI Units
KCAC.U
| $4.02M | 0.05% |
+400,000
| New | +$4.01M |
2026 Q1
0 quarters
|
|
95
Miluna Acquisition Corp
MMTX
$90.2M
| $4M | 0.05% |
+400,000
| New | +$3.99M |
2026 Q1
0 quarters
|
|
96
FG Imperii Acquisition Corp Units
FGIIU
| $4M | 0.05% |
+400,000
| New | +$4M |
2026 Q1
0 quarters
|
|
|
CMIIU
97
DELISTED
Columbus Circle Capital Corp II Unit
CMIIU
| $4M | 0.05% |
+400,000
| New | +$3.99M |
2026 Q1
0 quarters
|
|
98
Cambridge Acquisition Corp
CAQUU
$206M
| $3.98M | 0.05% |
+400,000
| New | +$3.98M |
2026 Q1
0 quarters
|
|
99
Praetorian Acquisition Corp Units
PTORU
$222M
| $3.96M | 0.05% |
+400,000
| New | +$3.98M |
2026 Q1
0 quarters
|
|
100
Soren Acquisition Corp
SORN
$348M
| $3.95M | 0.05% |
+400,000
| New | +$3.95M |
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.