What is WHITEBOX ADVISORS LLC's portfolio value?

As of Q4 2025, WHITEBOX ADVISORS LLC manages $7.0B across 486 reported positions in their SEC 13F filing.

What are WHITEBOX ADVISORS LLC's top holdings?

WHITEBOX ADVISORS LLC's largest 13F positions include XRX 3.75 03/15/30, CDLX 4.25 04/01/29, LINTA 3.75 02/15/30, representing approximately 263.2% of the reported portfolio.

How many stocks does WHITEBOX ADVISORS LLC hold?

WHITEBOX ADVISORS LLC holds 486 reported positions as of their Q4 2025 13F filing.

When did WHITEBOX ADVISORS LLC last file a 13F?

The most recent 13F filing from WHITEBOX ADVISORS LLC reports positions as of Q4 2025. 13F filings are required within 45 days of each calendar quarter end.

WHITEBOX ADVISORS LLC

CIK: 0001257391SEC EDGAR →

Portfolio Value

$7.0B

Holdings

486

As of

Q4 2025

New Positions

Closed Positions

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	XRX 3.75 03/15/30 XEROX HOLDINGS CORP	44,600,000	$13.0B	185.10%
2	CDLX 4.25 04/01/29 CARDLYTICS INC	7,404,000	$2.9B	40.96%
3	LINTA 3.75 02/15/30 LIBERTY MEDIA CORP DEL	43,663,000	$2.6B	37.16%
4	KOS 3.125 03/15/30 KOSMOS ENERGY LTD	5,000,000	$2.1B	29.97%
5	LINTA 4 11/15/29 LIBERTY MEDIA CORP DEL	21,809,000	$1.3B	18.56%
6	WDC 3 11/15/28 WESTERN DIGITAL CORP	204,400,000	$936.9M	13.29%
7	LITE 1.5 12/15/29 LUMENTUM HLDGS INC	71,025,000	$377.3M	5.35%
8	GIG GIGCAPITAL7 CORP	804,500	$329.0M	4.67%
9	SPYPut SPDR S&P 500 ETF TR	450,000	$306.9M	4.35%
10	FERA FIFTH ERA ACQUISITION CORP I	750,000	$299.0M	4.24%

Quarterly Changes

Top Buys

KOS 3.125 03/15/30NEW

$2.1B

GIWNEW

$248.0M

LITE 1.5 12/15/29↑ Increased

$216.9M

APLD 2.75 06/01/30NEW

$163.9M

NVDA↑ Increased

$149.2M

Top Sells

BYND 0 03/15/27CLOSED

$6.0B

LAZR 11.5 01/15/30CLOSED

$5.6B

CDLX 4.25 04/01/29↓ Decreased

$2.9B

BE 3 06/01/29CLOSED

$413.5M

SPY↓ Decreased

$306.4M

New Positions (137)

KOS 3.125 03/15/30

$2.1B · 5.0M shares

GIW

$248.0M · 800K shares

APLD 2.75 06/01/30

$163.9M · 60.8M shares

CADE

$128.5M · 3.0M shares

LEU 2.25 11/01/30

$122.2M · 45.6M shares

CMA

$108.7M · 1.3M shares

ALIS

$97.0M · 200K shares

UPST 2 10/01/29

$88.2M · 70.0M shares

RNGTW

$80.0M · 250K shares

MSTR 0 12/01/29

$66.3M · 81.0M shares

DMII

$63.0M · 450K shares

MARA 0 06/01/31

$61.6M · 74.0M shares

$60.8M · 200K shares

$60.0M · 400K shares

$56.0M · 175K shares

$55.0M · 69.8M shares

YCY

$54.0M · 250K shares

UPST 1 11/15/30

$52.9M · 60.7M shares

APAD

$50.0M · 200K shares

IGAC

$47.0M · 250K shares

CLSK 0 06/15/30

$46.7M · 45.1M shares

WSTN

$45.0M · 250K shares

APEX TREAS CORP

$41.0M · 150K shares

$35.5M · 200K shares

$35.0M · 100K shares

$35.0M · 83K shares

$33.0M · 250K shares

$32.0M · 150K shares

$31.9M · 1.1M shares

$31.2M · 307K shares

$30.9M · 20.9M shares

JENA

$29.0M · 150K shares

CDTX

$27.6M · 125K shares

CHEC

$27.0M · 138K shares

CSLM DIGITA ASSET ACQ CORP I

$26.0M · 75K shares

$26.0M · 67K shares

$24.0M · 73K shares

$23.9M · 9.8M shares

$21.6M · 750K shares

$18.0M · 50K shares

$16.0M · 33K shares

$16.0M · 100K shares

$15.9M · 10.0M shares

$13.0M · 50K shares

$12.0M · 100K shares

$9.3M · 74K shares

$8.4M · 117K shares

$7.9M · 800K shares

$7.6M · 6.0M shares

$7.6M · 750K shares

$7.5M · 4.1M shares

$6.8M · 37K shares

$5.4M · 5.0M shares

$5.0M · 500K shares

$5.0M · 500K shares

$4.6M · 170K shares

$4.5M · 450K shares

$4.5M · 450K shares

$4.0M · 405K shares

$4.0M · 400K shares

$4.0M · 400K shares

$3.5M · 350K shares

$3.5M · 350K shares

$3.0M · 300K shares

$3.0M · 300K shares

$3.0M · 300K shares

GENERAL PURP ACQUISITION COR

$3.0M · 300K shares

AMODW

$3.0M · 70K shares

LPCV

$3.0M · 300K shares

ADAC

$3.0M · 300K shares

SILICON VY ACQUISITION CORP

$3.0M · 300K shares

APEX TREAS CORP

$3.0M · 300K shares

CHEC

$2.7M · 275K shares

SAC

$2.5M · 250K shares

LAFAYETTE ACQUISITION CORP

$2.5M · 250K shares

$2.5M · 250K shares

$2.5M · 250K shares

$2.5M · 250K shares

$2.2M · 218K shares

$2.2M · 219K shares

SOCIAL COMM PARTNERS CORP

$2.1M · 214K shares

$2.1M · 207K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 56K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$2.0M · 200K shares

$1.5M · 150K shares

SPRING VY ACQUISITION CORP I

$1.5M · 150K shares

$1.5M · 150K shares

$1.5M · 150K shares

$1.5M · 150K shares

$1.5M · 150K shares

CSLM DIGITA ASSET ACQ CORP I

$1.5M · 150K shares

$1.5M · 150K shares

$1.4M · 146K shares

$1.2M · 8K shares

$1.0M · 15K shares

$1.0M · 100K shares

$1.0M · 14K shares

$1.0M · 100K shares

$1.0M · 100K shares

$1.0M · 100K shares

$1.0M · 21K shares

$1.0M · 100K shares

$997K · 100K shares

MCKINLEY ACQUISITION CORP

$997K · 100K shares

TDWD

$985K · 100K shares

$896K · 21K shares

$863K · 287K shares

$750K · 75K shares

$708K · 46K shares

$678K · 125K shares

$675K · 49K shares

$673K · 47K shares

$579K · 166K shares

$529K · 6K shares

$520K · 125K shares

$512K · 50K shares

$496K · 254K shares

$364K · 35K shares

$321K · 170K shares

$206K · 5K shares

$165K · 30K shares

$119K · 11K shares

$112K · 58K shares

$59K · 100K shares

$52K · 75K shares

$39K · 47K shares

SPRING VY ACQUISITION CORP I

$31K · 50K shares

FCRS

$27K · 38K shares

BTC DEV CORP

$17K · 25K shares

Closed Positions (73)

BYND 0 03/15/27

$6.0B · 30.6M shares

LAZR 11.5 01/15/30

$5.6B · 15.5M shares

BE 3 06/01/29

$413.5M · 99.8M shares

BE 3 06/01/28

$292.0M · 64.4M shares

VRNA

$167.2M · 1.6M shares

IWM

$121.0M · 500K shares

AAPL

$101.9M · 400K shares

$66.4M · 315K shares

$59.5M · 780K shares

$44.9M · 547K shares

$44.5M · 100K shares

SEALTD 2.375 12/01/25

$39.7M · 20.1M shares

APAD

$31.0M · 200K shares

INFA1EUR

$22.7M · 913K shares

WEC 4.375 06/01/27

$20.1M · 16.8M shares

SO 4.5 06/15/27

$20.0M · 18.0M shares

DTSQ

$19.3M · 107K shares

NEE

$18.0M · 15.2M shares

MTSI 0.25 03/15/26

$15.5M · 10.2M shares

ZYXI 5 05/15/26

$14.1M · 25.0M shares

$13.6M · 700K shares

$12.9M · 4.7M shares

$12.4M · 254K shares

$9.9M · 25K shares

$8.0M · 9.0M shares

$7.9M · 8.0M shares

$6.3M · 238K shares

$5.5M · 70K shares

$5.0M · 25K shares

$4.5M · 450K shares

$4.3M · 23K shares

$4.0M · 400K shares

$3.5M · 350K shares

$3.0M · 300K shares

$3.0M · 2.5M shares

$2.8M · 30K shares

$2.7M · 275K shares

$2.4M · 39K shares

$2.3M · 56K shares

$2.0M · 200K shares

$2.0M · 335K shares

$1.9M · 150K shares

HCM II ACQUISITION CORP

$1.9M · 115K shares

COHU

$1.9M · 92K shares

FCRS

$1.6M · 150K shares

JENA

$1.6M · 150K shares

SPRING VY ACQUISITION CORP I

$1.5M · 150K shares

SSEA

$1.5M · 150K shares

MBVI

$1.5M · 150K shares

CSLM DIGITA ASSET ACQ CORP I

$1.5M · 150K shares

TROX

$1.5M · 370K shares

HCM II ACQUISITION CORP

$1.2M · 200K shares

WBD

$1.2M · 60K shares

$1.0M · 6K shares

$1.0M · 100K shares

$1.0M · 100K shares

$1.0M · 100K shares

$999K · 100K shares

$959K · 14K shares

$958K · 2K shares

$825K · 500K shares

$604K · 464K shares

$309K · 23K shares

$305K · 4K shares

$200K · 5K shares

$178K · 50K shares

IRON HORSE ACQUISITIONS CORP

$110K · 150K shares

$107K · 51K shares

$90K · 75K shares

$84K · 70K shares

$36K · 22K shares

$35K · 47K shares

$22K · 31K shares

Sector Breakdown

Sector	# Holdings	Value	%
Unknown	98	$26.8B	77.1%
Financial Services	238	$5.8B	16.6%
Technology	64	$1.2B	3.4%
Communication Services	17	$242.6M	0.7%
Industrials	13	$208.3M	0.6%
Healthcare	12	$165.0M	0.5%
Energy	12	$144.6M	0.4%
Consumer Cyclical	13	$130.6M	0.4%
Basic Materials	10	$80.3M	0.2%
Consumer Defensive	3	$19.9M	0.1%
Utilities	4	$6.0M	0.0%
Real Estate	2	$119K	0.0%