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Whitebox Advisors Portfolio holdings

AUM $8.12B
1-Year Est. Return 15.85%
This Fund
S&P 500
This Quarter Est. Return
+2.74%
1 Year Est. Return
+15.85%
3 Year Est. Return
+25.69%
5 Year Est. Return
+33.73%
10 Year Est. Return
+176.02%
AUM
$3.69B
AUM Growth
+$769M
Cap. Flow
-$824M
Cap. Flow %
-22.37%
Top 10 Hldgs %
49.27%
Holding
585
New
14
Increased
24
Reduced
21
Closed
147

Top Buys

Rank Stock Value
1
LBRDK icon
Liberty Broadband Class C
LBRDK
+$32.9M
2
BAX icon
Baxter International
BAX
+$14.6M
3
AQN icon
Algonquin Power & Utilities
AQN
+$8.03M
4
BHC icon
Bausch Health
BHC
+$6.15M
5
SDRL icon
Seadrill
SDRL
+$4.15M

Top Sells

Rank Stock Value
1
GTXAP
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
+$16.6M
2
CIVI
Civitas Resources
CIVI
+$15.1M
3
GPOR icon
Gulfport Energy Corp
GPOR
+$13.6M
4
FOX icon
Fox Class B
FOX
+$9.05M
5
ATVI
Activision Blizzard
ATVI
+$7.44M

Sector Composition

Rank Sector Weight
1 Energy 4.99%
2 Communication Services 4.83%
3 Financials 3%
4 Healthcare 1.82%
5 Materials 1.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$741M 20.1%
1,671,000
+1,521,000
+1,014% +$638M
AAL icon
2
PUT
American Airlines Group
AAL
$10B
$187M 5.06%
10,400,000
-700,000
-6% -$10.3M
RCL icon
3
PUT
Royal Caribbean
RCL
$87B
$166M 4.5%
1,600,000
+200,000
+14% +$15.7M
LBRDK icon
4
Liberty Broadband Class C
LBRDK
$4.72B
$118M 3.2%
1,470,397
+425,700
+41% +$32.9M
CCL icon
5
PUT
Carnival Corporation Ltd
CCL
$38.4B
$96M 2.61%
5,100,000
+700,000
+16% +$8.19M
GPOR icon
6
Gulfport Energy Corp
GPOR
$2.79B
$59.1M 1.6%
562,811
-146,274
-21% -$13.6M
AAPL icon
7
PUT
Apple
AAPL
$5.02T
$58.2M 1.58%
300,000
– –
CAT icon
8
PUT
Caterpillar
CAT
$371B
$49.2M 1.34%
200,000
-100,000
-33% -$22.3M
TFPM icon
9
Triple Flag Precious Metals
TFPM
$5.82B
$49.2M 1.33%
3,567,446
-21,281
-0.6% -$320K
PPLI
10
People Inc
PPLI
$3.15B
$45.1M 1.22%
874,973
+88,468
+11% +$4.05M
UAL icon
11
PUT
United Airlines
UAL
$39.7B
$42.2M 1.15%
770,000
– –
HON icon
12
PUT
Honeywell
HON
$77B
$41.5M 1.13%
212,200
– –
DE icon
13
PUT
Deere & Co
DE
$168B
$40.5M 1.1%
100,000
– –
WTW icon
14
Willis Towers Watson
WTW
$30B
$35.4M 0.96%
150,465
+12,812
+9% +$2.95M
VAL icon
15
Valaris
VAL
$5.12B
$35M 0.95%
556,005
– –
BYND icon
16
PUT
Beyond Meat
BYND
$279M
$33.7M 0.91%
2,595,000
-465,000
-15% -$5.91M
W icon
17
PUT
Wayfair
W
$11.7B
$32.5M 0.88%
500,000
– –
TDW icon
18
CALL
Tidewater
TDW
$3.69B
$27.7M 0.75%
500,000
+200,000
+67% +$9.16M
CHRD icon
19
Chord Energy
CHRD
$7.55B
$27.3M 0.74%
177,550
-39,000
-18% -$5.66M
BAX icon
20
Baxter International
BAX
$12.8B
$27M 0.73%
592,000
+335,300
+131% +$14.6M
HEI.A icon
21
HEICO Corp Class A
HEI.A
$35.8B
$25.8M 0.7%
183,581
– –
NE icon
22
Noble Corp
NE
$6.31B
$22.1M 0.6%
534,594
+20,000
+4% +$770K
EXE
23
Expand Energy Corp
EXE
$21.9B
$21.4M 0.58%
255,250
– –
BN icon
24
Brookfield
BN
$102B
$21.3M 0.58%
947,843
– –
NCLH icon
25
PUT
Norwegian Cruise Line
NCLH
$9.68B
$16.3M 0.44%
750,000
– –
1
2 3 4 5

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Whitebox Advisors's Q2 2023 Portfolio in Review

As of Q2 2023, Whitebox Advisors held 585 positions worth $3.69B, up 26% from $2.92B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Whitebox Advisors withdrew a net $824M in Q2 2023, closing 147 positions and reducing 21 holdings. Its most notable exit was Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock, an estimated $16.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 5% of assets, down from 6.6% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Whitebox Advisors opened a new position in Algonquin Power & Utilities worth $7.81M.

  • Whitebox Advisors's largest Q2 2023 buy was Algonquin Power & Utilities: 945,000 shares worth $7.81M.
  • Whitebox Advisors added most to Liberty Broadband Class C in Q2 2023, an estimated $32.9M increase.
  • Whitebox Advisors's biggest Q2 2023 reduction was Civitas Resources, cutting an estimated $15.1M.
  • Whitebox Advisors fully exited Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock in Q2 2023, selling an estimated $16.6M.
  • Whitebox Advisors's ten largest holdings make up 49% of its $3.69B portfolio in Q2 2023.
  • Whitebox Advisors opened 14 new positions and closed 147 in Q2 2023.
  • Whitebox Advisors's portfolio value rose 26% quarter-over-quarter to $3.69B.

Based on Whitebox Advisors's 13F filing for Q2 2023, filed 14 Aug 2023.