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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 | |
|---|---|---|---|---|---|---|---|
101
Newbury Street II Acquisition Corp
NTWO
$261M
| $3.94M | 0.05% |
375,000
| – | – |
2025 Q2
3 quarters
|
|
102
Mountain Lake Acquisition Corp II
MLAA
| $3.94M | 0.05% |
+400,000
| New | +$3.93M |
2026 Q1
0 quarters
|
|
103
Aldabra 4 Liquidity Opportunity Vehicle
ALOV
$375M
| $3.93M | 0.05% |
+400,000
| New | +$3.93M |
2026 Q1
0 quarters
|
|
104
Brookfield
BN
$82.2B
| $3.9M | 0.05% |
+96,265
| New | +$4.27M |
2026 Q1
0 quarters
|
|
105
RF Acquisition Corp III Units
RFAMU
| $3.83M | 0.05% |
+387,000
| New | +$3.85M |
2026 Q1
0 quarters
|
|
106
Xsolla SPAC 1 Units
XSLLU
$256M
| $3.81M | 0.05% |
+385,000
| New | +$3.82M |
2026 Q1
0 quarters
|
|
107
National CineMedia
NCMI
$212M
| $3.79M | 0.05% |
1,242,084
| – | – |
2023 Q3
10 quarters
|
|
108
Launch Two Acquisition Corp
LPBB
| $3.72M | 0.05% |
350,000
| – | – |
2025 Q2
3 quarters
|
|
109
Iris Acquisition Corp II
IRAB
| $3.68M | 0.04% |
+375,200
| New | +$3.69M |
2026 Q1
0 quarters
|
|
110
SiriusXM
SIRI
$9.15B
| $3.55M | 0.04% |
153,943
-17,000
| -10% | -$365K |
2024 Q2
7 quarters
|
|
111
OTG Acquisition Corp I
OTGA
$303M
| $3.52M | 0.04% |
350,000
| – | – |
2025 Q4
1 quarter
|
|
112
APEX Tech Acquisition Inc Units
TRAD.U
| $3.5M | 0.04% |
+350,000
| New | +$3.5M |
2026 Q1
0 quarters
|
|
113
Future Money Acquisition Corp Units
FMACU
| $3.5M | 0.04% |
+350,000
| New | +$3.5M |
2026 Q1
0 quarters
|
|
114
Blue Water Acquisition Corp IV Units
BWIV.U
| $3.47M | 0.04% |
+350,000
| New | +$3.48M |
2026 Q1
0 quarters
|
|
115
Lafayette Digital Acquisition Corp I
ZKP
$392M
| $3.45M | 0.04% |
+350,000
| New | +$3.46M |
2026 Q1
0 quarters
|
|
116
Iron Horse Acquisitions Corp II
IRHO
$295M
| $3.45M | 0.04% |
+350,000
| New | +$3.45M |
2026 Q1
0 quarters
|
|
117
PUT
Bitdeer Technologies
BTDR
$2.28B
| $3.4M | 0.04% |
+392,800
| New | +$4.13M |
2026 Q1
0 quarters
|
|
118
Translational Development Acquisition Corp
TDAC
$209M
| $3.23M | 0.04% |
305,000
| – | – |
2025 Q1
4 quarters
|
|
119
iShares MSCI Brazil ETF
EWZ
$11.6B
| $3.22M | 0.04% |
83,755
+62,768
| +299% | +$2.29M |
2025 Q2
3 quarters
|
|
120
Tavia Acquisition Corp
TAVI
| $3.17M | 0.04% |
300,000
| – | – |
2024 Q4
5 quarters
|
|
|
MLAC
121
DELISTED
Mountain Lake Acquisition Corp
MLAC
| $3.16M | 0.04% |
300,000
| – | – |
2025 Q1
4 quarters
|
|
122
Gesher Acquisition Corp. II Class A Ordinary Shares
GSHR
| $3.11M | 0.04% |
300,000
| – | – |
2025 Q2
3 quarters
|
|
123
Copley Acquisition Corp
COPL
$235M
| $3.1M | 0.04% |
300,000
| – | – |
2025 Q2
3 quarters
|
|
124
Republic Digital Acquisition Co
RDAG
$392M
| $3.07M | 0.04% |
300,000
| – | – |
2025 Q2
3 quarters
|
|
|
IPCX
125
DELISTED
Inflection Point Acquisition Corp III
IPCX
| $3.06M | 0.04% |
300,000
| – | – |
2025 Q3
2 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.