BERKLEY W R CORP Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$2.1T

Holdings

278

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (278 positions)

#StockSharesValue% PortfolioType
1
EPDENTERPRISE PRODUCTS PARTNERS
6,825,000$218.8B10.30%
2
NVDANVIDIA CORPORATION
886,200$165.3B7.78%Put
3
MSFTMICROSOFT CORP
305,200$147.6B6.94%Put
4
GOOGLALPHABET INC
438,800$137.3B6.46%Put
5
ETENERGY TRANSFER L P
8,250,000$136.0B6.40%
6
TSLATESLA INC
266,600$119.9B5.64%Put
7
KMIKINDER MORGAN INC DEL
2,837,206$78.0B3.67%
8
PAAPLAINS ALL AMERICAN PIPELINE
2,684,307$48.2B2.27%
9
NFLXNETFLIX INC
498,000$46.7B2.20%Put
10
ONON SEMICONDUCTOR CORP
731,118$39.6B1.86%
11
WESWESTERN MIDSTREAM PARTNERS
887,163$35.0B1.65%
12
YCYAA MISSION ACQUISITION CORP
3,230,319$34.5B1.62%
13
AMZNAMAZON COM INC
139,200$32.1B1.51%Put
14
ANSCAGRICULTURE & NAT SOL ACQ CO
2,525,578$28.3B1.33%
15
CRMSALESFORCE INC
103,800$27.5B1.29%Put
16
FTWEQV VENTURES ACQUISITION COR
2,574,165$27.0B1.27%
17
GBLIGLOBAL INDEMNITY GROUP LLC
919,661$26.1B1.23%
18
PGRPROGRESSIVE CORP
107,589$24.5B1.15%
19
HYACHAYMAKER ACQUISITION CORP IV
1,964,207$22.4B1.05%
20
VACHVOYAGER ACQUISITION CORP
1,800,824$19.2B0.90%
21
FTWEQV VENTURES AC CORP. II
1,851,475$18.6B0.87%
22
KCHVKOCHAV DEFENSE ACQUI CO
1,686,575$17.1B0.80%
23
LPAALAUNCH ONE ACQUISITION CORP
1,423,290$15.1B0.71%
24
SBXDSILVERBOX CORP IV
1,211,674$12.8B0.60%
25
GIWGIGCAPITAL8 CORP
1,289,470$12.8B0.60%
26
JOEST JOE CO
209,542$12.4B0.59%
27
VAC 0 01/15/26MARRIOTT VACATIONS WORLDWIDE
12,434,000$12.4B0.58%
28
IPCXINFLECTION PT ACQUISITION CO
1,184,193$12.0B0.56%
29
CEPFCANTOR EQUITY PARTNERS III I
1,053,238$10.7B0.51%
30
M3BRIGADE ACQUISITION V CORP
996,278$10.6B0.50%
31
TACOBERTO ACQUISITION CORP
1,024,734$10.4B0.49%
32
CEPFCANTOR EQUITY PARTNERS I INC
970,527$10.1B0.48%
33
KFIIK&F GROWTH ACQUISITION CORP
975,455$10.1B0.47%
349,943,000$10.1B0.47%
35
CCIXCHURCHILL CAPITAL CORP IX
936,181$10.0B0.47%
36
COPLCOPLEY ACQUISITION CORP
928,219$9.5B0.45%
37
MACIMELAR ACQUISITION CORP. I
868,489$9.2B0.43%
38
INN 1.5 02/15/26SUMMIT HOTEL PPTYS
9,027,000$9.0B0.42%
39
GTERAGLOBA TERRA ACQUISITION COR
886,763$9.0B0.42%
40
KVACKEEN VISION ACQUISITION CORP
749,372$8.8B0.41%
41
CEPFCANTOR EQUITY PARTNERS V INC
792,962$8.1B0.38%
42
CAPNCAYSON ACQUISITION CORP
763,302$8.1B0.38%
43
PLMKPLUM ACQUISITION CORP IV
768,888$8.0B0.38%
44
BACQINFLECTION POINT ACQU CORP V
757,946$7.8B0.37%
45
CHARCHARLTON ARIA ACQUISITION CO
736,229$7.7B0.36%
46
HSPTHORIZON SPACE ACQUISITION II
722,015$7.6B0.36%
47
BLUWBLUE WTR ACQUISITION CORP. I
731,506$7.5B0.36%
48
BACQINFLECTION POINT ACQUISITION
633,772$6.8B0.32%
49
CUBLIONHEART HOLDINGS
631,867$6.7B0.32%
50
BACVERIZON COMMUNICATIONS INC
157,666$6.4B0.30%
51
LPBBLAUNCH TWO ACQUISITION CORP.
612,172$6.4B0.30%
52
PGACPANTAGES CAPITAL ACQUISITION
581,865$6.0B0.28%
53
RANGE CAP ACQUISITION CORP
572,060$6.0B0.28%
54
PELIPELICAN ACQUISITION CORP
578,199$5.9B0.28%
55
CHECCHENGHE ACQUISITION III CO
570,610$5.7B0.27%
56
XRPNARMADA ACQUISITION CORP II
551,981$5.7B0.27%
57
SIMASIM ACQUISITION CORP. I
521,518$5.5B0.26%
58
CCIICOHEN CIRCLE ACQUISIT CORP I
525,621$5.4B0.25%
59
BEAGBOLD EAGLE ACQUISITION CORP
508,724$5.4B0.25%
60
GENERAL PURP ACQUISITION COR
518,565$5.2B0.24%
61
IPODDUNE ACQUISITION CORP II
500,155$5.1B0.24%
62
TACHTITAN ACQUISITION CORP
496,400$5.1B0.24%
63
GTENGORES HLDGS X INC
492,370$5.0B0.24%
64
HENNESSY CAP INVT CORP VII
478,169$4.9B0.23%
65
ETHMDYNAMIX CORP
476,452$4.9B0.23%
66
RIBBRIBBON ACQUISITION CORP
462,604$4.8B0.23%
67
OYSEOYSTER ENTERPRISES II ACQUIS
475,872$4.8B0.23%
68
TVAITHAYER VENTURES ACQ CORP II
463,391$4.7B0.22%
69
GIGGIGCAPITAL7 CORP
423,595$4.5B0.21%
70
NMPNMP ACQUISITION CORP
445,304$4.5B0.21%
71
AEXAAMERICAN EXCEPTIONALISM ACQU
391,714$4.5B0.21%
72
ALDFALDEL FINL II INC
425,000$4.5B0.21%
73
POLEANDRETTI ACQUISITION CORP II
421,812$4.4B0.21%
74
PCAPPROCAP ACQUISITION CORP
427,737$4.3B0.20%
75
FSHPFLAG SHIP ACQUISITION CORP
400,938$4.3B0.20%
76
OBAOXLEY BRIDGE ACQ LTD
424,660$4.3B0.20%
77
COLACOLUMBUS ACQUISITION CORP
405,031$4.2B0.20%
78
SPEGSILVER PEGASUS ACQUISITION C
415,865$4.2B0.20%
79
SCIISC II ACQUISITION CORP
412,893$4.2B0.20%
80
AACBARTIUS II ACQUISITION INC
396,960$4.1B0.19%
81
NPACNEW PROVIDENCE ACQUISITION C
396,879$4.1B0.19%
82
CGCTCARTESIAN GROWTH CORP III
393,552$4.1B0.19%
83
SZZLSIZZLE ACQUISITION CORP. II
396,768$4.0B0.19%
84
CSLM DIGITA ASSET ACQ CORP I
396,106$3.9B0.19%
85
LOBLIVE OAK ACQUISITION CORP V
377,192$3.9B0.18%
86
MCGAYORKVILLE ACQUISITION CORP.
383,347$3.9B0.18%
87
MLACMOUNTAIN LAKE ACQUISITION CO
362,533$3.8B0.18%
88
LATAGALATA ACQUISITION CORP II
371,961$3.7B0.17%
89
UYSCUY SCUTI ACQUISITION CORP.
356,642$3.7B0.17%
90
JACSJACKSON ACQUISITION CO II
346,265$3.6B0.17%
91
YHN ACQUISITION I LTD
335,894$3.6B0.17%
92
SOULSOULPOWER ACQUISITION CORP
347,330$3.5B0.17%
93
BKHABLACK HAWK ACQUISITION CORP
309,134$3.5B0.16%
94
LEGTLEGATO MERGER CORP III
318,745$3.5B0.16%
95
YCYAA MISSION ACQUISITION CORP
342,434$3.4B0.16%
96
EUREKA ACQUISITION CORP
305,628$3.3B0.16%
97
HVMCHIGHVIEW MERGER CORP
333,856$3.3B0.16%
98
GPATGP-ACT III ACQUISITION CORP
312,290$3.3B0.16%
99
BSAABEST SPAC I ACQUISITION CORP
325,255$3.3B0.15%
100
QSEAQUARTZSEA ACQUISITION CORP
317,686$3.2B0.15%
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