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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 | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $325M | 3.94% |
500,000
+50,000
| +11% | +$34M |
2013 Q4
49 quarters
|
|
2
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $186M | 2.26% |
+750,000
| New | +$193M |
2026 Q1
0 quarters
|
|
3
DELISTED
Chart Industries
GTLS
| $157M | 1.9% |
758,887
+198,886
| +36% | +$41.2M |
2025 Q3
2 quarters
|
|
|
4
Penumbra
PEN
$12.6B
| $146M | 1.77% |
+445,001
| New | +$151M |
2026 Q1
0 quarters
|
|
5
PUT
NVIDIA
NVDA
$5.34T
| $140M | 1.69% |
800,000
-200,000
| -20% | -$36.7M |
2025 Q1
4 quarters
|
|
|
6
DELISTED
Webster Financial
WBS
| $134M | 1.62% |
+1,925,001
| New | +$132M |
2026 Q1
0 quarters
|
|
7
PUT
Super Micro Computer
SMCI
$23.5B
| $105M | 1.27% |
4,600,000
+2,500,000
| +119% | +$75M |
2025 Q3
2 quarters
|
|
8
DELISTED
Liberty Broadband Class C
LBRDK
| $74.3M | 0.9% |
1,477,741
+1,000
| +0.1% | +$50.4K |
2021 Q3
18 quarters
|
|
9
PUT
TSMC
TSM
$2.23T
| $67.6M | 0.82% |
200,000
| – | – |
2025 Q4
1 quarter
|
|
10
PUT
iShares Bitcoin Trust
IBIT
$65.7B
| $57.6M | 0.7% |
1,500,000
-1,500,000
| -50% | -$64.9M |
2025 Q2
3 quarters
|
|
|
11
Valaris
VAL
$5.88B
| $57.2M | 0.69% |
+583,937
| New | +$45.5M |
2026 Q1
0 quarters
|
|
12
DELISTED
Terns Pharmaceuticals
TERN
| $52.7M | 0.64% |
+1,000,001
| New | +$41.1M |
2026 Q1
0 quarters
|
|
13
Triple Flag Precious Metals
TFPM
$6.1B
| $52.7M | 0.64% |
1,518,950
-7,680
| -0.5% | -$278K |
2022 Q3
14 quarters
|
|
14
PUT
Nebius Group N.V.
NBIS
$50.6B
| $51.9M | 0.63% |
+500,000
| New | +$49.9M |
2026 Q1
0 quarters
|
|
15
PUT
Apple
AAPL
$5.01T
| $50.8M | 0.62% |
+200,000
| New | +$52.1M |
2026 Q1
0 quarters
|
|
|
16
DELISTED
Masimo
MASI
| $48M | 0.58% |
+270,001
| New | +$42.4M |
2026 Q1
0 quarters
|
|
17
Gulfport Energy Corp
GPOR
$2.93B
| $46.5M | 0.56% |
219,627
-5,000
| -2% | -$994K |
2021 Q2
19 quarters
|
|
18
DELISTED
Warner Bros
WBD
| $44.3M | 0.54% |
1,615,001
+1,215,000
| +304% | +$34M |
2022 Q4
13 quarters
|
|
|
19
Oracle Corp Preferred Stock Series D
ORCL.PRD
| $40.5M | 0.49% |
+900,000
| New | +$42.5M |
2026 Q1
0 quarters
|
|
20
PUT
Marathon Digital Holdings
MARA
$3.18B
| $35.7M | 0.43% |
4,369,200
+500,000
| +13% | +$4.52M |
2024 Q4
5 quarters
|
|
21
DELISTED
Carnival PLC
CUK
| $33.5M | 0.41% |
+1,300,036
| New | +$37.7M |
2026 Q1
0 quarters
|
|
|
22
PUT
DELISTED
Warner Bros
WBD
| $30.2M | 0.37% |
+1,100,000
| New | +$30.8M |
2026 Q1
0 quarters
|
|
23
PUT
Tesla
TSLA
$1.45T
| $27.9M | 0.34% |
+75,000
| New | +$30.9M |
2026 Q1
0 quarters
|
|
|
24
PUT
DELISTED
Terns Pharmaceuticals
TERN
| $26.4M | 0.32% |
+500,000
| New | +$20.5M |
2026 Q1
0 quarters
|
|
25
HEICO Corp Class A
HEI.A
$31.4B
| $26.3M | 0.32% |
124,737
| – | – |
2022 Q1
16 quarters
|
|
Similar funds
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.