Westchester Capital Management, LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$2.2B

Holdings

248

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (248 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	07WAMR COOPER GROUP INC	736,206	$155.2M	7.10%
2	TECK/BTECK RESOURCES LTD	3,518,246	$154.4M	7.06%	Put
3	KELKELLANOVA	1,701,179	$139.5M	6.38%
4	CYBRCYBERARK SOFTWARE LTD	278,008	$134.3M	6.14%
5	SPYSPDR S&P 500 ETF TR	200,000	$133.2M	6.09%	Put
6	GTLSCHART INDS INC	549,332	$109.9M	5.03%
7	FYBRFRONTIER COMMUNICATIONS PARE	2,093,629	$78.2M	3.58%
8	IPGINTERPUBLIC GROUP COS INC	2,282,614	$63.7M	2.91%
9	VRNAVERONA PHARMA PLC	483,655	$51.6M	2.36%
10	LBRDALIBERTY BROADBAND CORP	756,525	$47.9M	2.19%
11	PRAPROASSURANCE CORP	1,761,213	$42.3M	1.93%
12	NSCNORFOLK SOUTHN CORP	130,825	$39.3M	1.80%
13	WBDWARNER BROS DISCOVERY INC	1,620,000	$31.6M	1.45%	Put
14	YCYAA MISSION ACQUISITION CORP	2,701,172	$28.4M	1.30%
15	ANSCAGRICULTURE & NAT SOL ACQ CO	2,464,804	$26.9M	1.23%
16	EAELECTRONIC ARTS INC	129,166	$26.1M	1.19%
17	TGNATEGNA INC	1,192,134	$24.2M	1.11%
18	HYACHAYMAKER ACQUISITION CORP IV	1,939,028	$22.0M	1.01%
19	KFIIK&F GROWTH ACQUISITION CORP	1,885,000	$19.3M	0.88%
20	DMIIDRUGS MADE IN AMER ACQUTN CO	1,669,000	$17.1M	0.78%
21	SZZLSIZZLE ACQUISITION CORP. II	1,564,728	$15.8M	0.72%
22	CTLPCANTALOUPE INC	1,389,401	$14.7M	0.67%
23	—NABORS ENERGY TRANSITION COR	1,293,018	$14.5M	0.66%
24	GTERAGLOBA TERRA ACQUISITION COR	1,414,429	$14.1M	0.65%
25	CSXCSX CORP	383,367	$13.6M	0.62%	Put
26	TACHTITAN ACQUISITION CORP	1,344,693	$13.6M	0.62%
27	SIMASIM ACQUISITION CORP. I	1,270,312	$13.3M	0.61%
28	S9QSPIRIT AEROSYSTEMS HLDGS INC	344,900	$13.3M	0.61%
29	VBTXVERITEX HLDGS INC	393,942	$13.2M	0.60%
30	VACHVOYAGER ACQUISITION CORP	1,261,894	$13.2M	0.60%
31	BACQBLEICHROEDER ACQUISITION COR	1,265,907	$13.2M	0.60%
32	NPACNEW PROVIDENCE ACQUISITION C	1,278,999	$13.1M	0.60%
33	SOULSOULPOWER ACQUISITION CORP	1,279,300	$12.9M	0.59%
34	PLMKPLUM ACQUISITION CORP IV	1,225,000	$12.7M	0.58%
35	HONHONEYWELL INTL INC	59,900	$12.6M	0.58%	Put
36	BACCBLUE ACQUISITION CORP.	1,250,000	$12.5M	0.57%
37	JACSJACKSON ACQUISITION CO II	1,186,200	$12.3M	0.56%
38	MLACMOUNTAIN LAKE ACQUISITION CO	1,182,271	$12.2M	0.56%
39	POLEANDRETTI ACQUISITION CORP II	1,161,916	$12.2M	0.56%
40	ALDFALDEL FINL II INC	1,159,448	$12.1M	0.55%
41	GPATGP-ACT III ACQUISITION CORP	1,110,852	$11.8M	0.54%
42	FACTFACT II ACQUISITION CORP	1,083,000	$11.2M	0.51%
43	BCARD. BORAL ARC ACQ I CORP.	1,106,259	$11.0M	0.50%
44	MRUSMERUS N V	114,159	$10.7M	0.49%
45	CHACRCRANE HBR ACQUISITION CORP	1,025,000	$10.4M	0.47%
46	KCHVKOCHAV DEFENSE ACQUI CO	1,000,000	$10.2M	0.47%
47	AACBARTIUS II ACQUISITION INC	995,939	$10.1M	0.46%
48	KDPKEURIG DR PEPPER INC	391,400	$10.0M	0.46%	Put
49	LPBBLAUNCH TWO ACQUISITION CORP.	950,000	$9.9M	0.45%
50	ALAIR LEASE CORP	153,700	$9.8M	0.45%
51	—NEWBURY STR II ACQUISITION C	898,111	$9.3M	0.43%
52	ATIIARCHIMEDES TECH SPAC PARTNER	900,000	$9.2M	0.42%
53	COPLCOPLEY ACQUISITION CORP	860,600	$8.7M	0.40%
54	ARISUSDARIS WATER SOLUTIONS INC	351,639	$8.7M	0.40%
55	PACHPIONEER ACQUISITION I CORP	850,000	$8.5M	0.39%
56	OYSEOYSTER ENTERPRISES II ACQUIS	850,000	$8.5M	0.39%
57	GIGGIGCAPITAL7 CORP	789,000	$8.3M	0.38%
58	VCICVINE HILL CAP INVT CORP.	722,042	$7.7M	0.35%
59	0J7QIAC INC	223,900	$7.6M	0.35%	Put
60	ALFCENTURION ACQUISITION CORP	688,140	$7.3M	0.33%
61	TASKTASKUS INC	400,627	$7.2M	0.33%
62	CGCTCARTESIAN GROWTH CORP III	700,000	$7.1M	0.33%
63	TAVITAVIA ACQUISITION CORP	680,000	$7.0M	0.32%
64	LCCCLAKESHORE ACQUISITION III CO	689,436	$7.0M	0.32%
65	GSRFGSR IV ACQUISITION CORP	675,000	$6.8M	0.31%
66	IPODDUNE ACQUISITION CORP II	666,477	$6.8M	0.31%
67	CGCTCARTESIAN GROWTH CORP III	678,000	$6.8M	0.31%
68	SDHISIDDHI ACQUISITION CORP	661,800	$6.7M	0.31%
69	DDDUPONT DE NEMOURS INC	85,700	$6.7M	0.31%	Put
70	XRPNARMADA ACQUISITION CORP II	633,400	$6.6M	0.30%
71	DTSQDT CLOUD STAR ACQUISITION CO	619,817	$6.5M	0.30%
72	KHCKRAFT HEINZ CO	243,200	$6.3M	0.29%	Put
73	LWACLIGHTWAVE ACQUISITION CORP	569,872	$5.7M	0.26%
74	—ARMADA ACQUISITION CORP II	550,000	$5.7M	0.26%
75	APTVAPTIV PLC	66,000	$5.7M	0.26%	Put
76	LOBLIVE OAK ACQUISITION CORP V	550,046	$5.6M	0.26%
77	AEBAALLETE INC	84,129	$5.6M	0.26%
78	FTWEQV VENTURES AC CORP. II	550,000	$5.5M	0.25%
79	BACQMAYWOOD ACQUISITION CORP	532,807	$5.4M	0.25%
80	GTENGORES HLDGS X INC	515,073	$5.3M	0.24%
81	JENAJENA ACQUISITION CORP II	512,000	$5.2M	0.24%
82	LEGTLEGATO MERGER CORP III	483,161	$5.2M	0.24%
83	TVATEXAS VENTURES ACQUISITION I	478,039	$5.1M	0.23%
84	OBAOXLEY BRIDGE ACQ LTD	508,100	$5.1M	0.23%
85	—BLUE WTR ACQUISITION CORP. I	500,000	$5.0M	0.23%
86	CMCSACOMCAST CORP NEW	159,200	$5.0M	0.23%	Put
87	CRAQCAL REDWOOD ACQUISITION CORP	500,000	$5.0M	0.23%
88	AXINAXIOM INTELLIGENCE AC CORP 1	500,000	$5.0M	0.23%
89	VNMEVENDOME ACQUISITION CORP I	500,000	$5.0M	0.23%
90	NMPNMP ACQUISITION CORP	500,000	$5.0M	0.23%
91	BLUWBLUE WTR ACQUISITION CORP. I	475,000	$4.7M	0.22%
92	NHICNEWHOLD INVT CORP III	450,000	$4.6M	0.21%
93	PGACPANTAGES CAPITAL ACQUISITION	443,000	$4.6M	0.21%
94	—GSR III ACQUISITION CORP	433,174	$4.5M	0.21%
95	MACIMELAR ACQUISITION CORP. I	424,707	$4.5M	0.20%
96	OYSEOYSTER ENTERPRISES II ACQUIS	445,112	$4.5M	0.20%
97	HN9HANESBRANDS INC	652,571	$4.3M	0.20%
98	—ORIGIN INVT CORP I	425,000	$4.3M	0.20%
99	HSPTHORIZON SPACE ACQUISITION II	404,900	$4.2M	0.19%
100	FGMCFG MERGER II CORP	418,265	$4.2M	0.19%

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