WHITEBOX ADVISORS LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$7.0B
Holdings
486
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (486 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 201 | CRANUCRANE HBR ACQUISITION CORP I | 217,635 | $2.2B | 31.09% | |
| 202 | BLRKBLUEROCK ACQUISITION CORP | 218,525 | $2.2B | 31.00% | |
| 203 | MBIMBIA INC | 304,461 | $2.2B | 30.92% | |
| 204 | CHACRCRANE HBR ACQUISITION CORP | 200,000 | $2.2B | 30.56% | |
| 205 | TBNTAMBORAN RES CORP | 78,832 | $2.1B | 30.45% | |
| 206 | —SOCIAL COMM PARTNERS CORP | 214,400 | $2.1B | 30.42% | |
| 207 | KOS 3.125 03/15/30KOSMOS ENERGY LTD | 5,000,000 | $2.1B | 29.97% | |
| 208 | POLEANDRETTI ACQUISITION CORP II | 200,000 | $2.1B | 29.83% | |
| 209 | CEPFCANTOR EQUITY PARTNERS I INC | 200,000 | $2.1B | 29.54% | |
| 210 | SBXESILVERBOX CORP V | 206,900 | $2.1B | 29.53% | |
| 211 | —HENNESSY CAP INVT CORP VII | 200,000 | $2.1B | 29.37% | |
| 212 | XRPNARMADA ACQUISITION CORP II | 200,000 | $2.0B | 29.06% | |
| 213 | TVAITHAYER VENTURES ACQ CORP II | 200,000 | $2.0B | 28.72% | |
| 214 | ALUBALUSSA ENERGY ACQUISITION CO | 200,000 | $2.0B | 28.66% | |
| 215 | BPACBLUEPORT ACQUISITION LTD | 200,000 | $2.0B | 28.63% | |
| 216 | APADA PARADISE ACQUISITION CORP | 200,000 | $2.0B | 28.52% | |
| 217 | DSACUDAEDALUS SPL ACQUISITION COR | 200,000 | $2.0B | 28.49% | |
| 218 | MESHMESHFLOW ACQUISITION CORP | 200,000 | $2.0B | 28.38% | |
| 219 | AEAQACTIVATE ENERGY ACQUISITION | 200,000 | $2.0B | 28.36% | |
| 220 | BIXIBITCOIN INFRASTRUCTURE ACQUI | 200,000 | $2.0B | 28.26% | |
| 221 | LATAGALATA ACQUISITION CORP II | 200,000 | $2.0B | 28.26% | |
| 222 | ALISCALISA ACQUISITION CORP | 200,000 | $2.0B | 28.18% | |
| 223 | DNMXDYNAMIX CORP III | 200,000 | $2.0B | 28.07% | |
| 224 | LEOBNY MELLON STRATEGIC MUNS IN | 305,421 | $1.9B | 27.56% | |
| 225 | CXEMFS HIGH INCOME MUN TR | 512,763 | $1.9B | 26.92% | |
| 226 | WLACWILLOW LANE ACQUISITION CORP | 150,000 | $1.9B | 26.90% | |
| 227 | JACSJACKSON ACQUISITION CO II | 175,000 | $1.8B | 25.87% | |
| 228 | RRYDER SYS INC | 9,434 | $1.8B | 25.61% | |
| 229 | BACCBLUE ACQUISITION CORP. | 175,000 | $1.8B | 25.34% | |
| 230 | AXINAXIOM INTELLIGENCE AC CORP 1 | 175,000 | $1.8B | 24.97% | |
| 231 | INACINDIGO ACQUISITION CORP | 175,000 | $1.8B | 24.94% | |
| 232 | XPCQXPIMCO CALIF MUN INCOME FD | 195,476 | $1.7B | 24.21% | |
| 233 | CEPFCANTOR EQUITY PARTNERS II IN | 145,000 | $1.6B | 23.16% | |
| 234 | VCICVINE HILL CAP INVT CORP. | 150,000 | $1.6B | 22.92% | |
| 235 | VACHVOYAGER ACQUISITION CORP | 150,000 | $1.6B | 22.70% | |
| 236 | SBIWESTERN ASSET INTER MUNI FD | 204,801 | $1.6B | 22.31% | |
| 237 | COLACOLUMBUS ACQUISITION CORP | 150,000 | $1.6B | 22.11% | |
| 238 | GLIBAGCI LIBERTY INC | 41,785 | $1.5B | 21.85% | |
| 239 | CHPGCHAMPIONSGATE ACQUISITION CO | 150,000 | $1.5B | 21.68% | |
| 240 | WTGWINTERGREEN ACQUISITION CORP | 150,000 | $1.5B | 21.68% | |
| 241 | JENAJENA ACQUISITION CORP II | 150,000 | $1.5B | 21.64% | |
| 242 | —SPRING VY ACQUISITION CORP I | 150,000 | $1.5B | 21.60% | |
| 243 | PELIPELICAN ACQUISITION CORP | 150,000 | $1.5B | 21.60% | |
| 244 | CRAQCAL REDWOOD ACQUISITION CORP | 150,000 | $1.5B | 21.58% | |
| 245 | EGHAEGH ACQUISITION CORP. | 150,000 | $1.5B | 21.55% | |
| 246 | GTERAGLOBA TERRA ACQUISITION COR | 150,000 | $1.5B | 21.50% | |
| 247 | FCRSFUTURECREST ACQUISITION CORP | 150,000 | $1.5B | 21.50% | |
| 248 | FIGXUFIGX CAP ACQUISITION CORP. | 150,000 | $1.5B | 21.41% | |
| 249 | VERI 1.75 11/15/26VERITONE INC | 1,600,000 | $1.5B | 21.34% | |
| 250 | HCACHALL CHADWICK ACQUISITION CO | 150,000 | $1.5B | 21.33% | |
| 251 | SSEASTARRY SEA ACQUISITION CORP | 150,000 | $1.5B | 21.30% | |
| 252 | MBVIM3-BRIGADE ACQUISITION VI CO | 150,000 | $1.5B | 21.28% | |
| 253 | TWLVTWELVE SEAS INVT CO III | 150,000 | $1.5B | 21.17% | |
| 254 | —CSLM DIGITA ASSET ACQ CORP I | 150,000 | $1.5B | 21.17% | |
| 255 | BYNDBEYOND MEAT INC | 1,811,200 | $1.5B | 21.06% | Put |
| 256 | BNYBLACKROCK N Y MUN INCOME TRU | 145,147 | $1.5B | 20.87% | |
| 257 | DYORINSIGHT DIGITAL PARTNERS II | 145,682 | $1.4B | 20.48% | |
| 258 | CUCAAVIS BUDGET GROUP | 11,091 | $1.4B | 20.19% | |
| 259 | —M3BRIGADE ACQUISITION V CORP | 130,000 | $1.4B | 19.60% | |
| 260 | SABRSABRE CORP | 1,000,000 | $1.4B | 19.30% | Call |
| 261 | MERCMERCER INTL INC | 686,019 | $1.4B | 19.27% | |
| 262 | CAPNCAYSON ACQUISITION CORP | 125,000 | $1.3B | 18.87% | |
| 263 | LINTA 4 11/15/29LIBERTY MEDIA CORP DEL | 21,809,000 | $1.3B | 18.56% | |
| 264 | RIBBRIBBON ACQUISITION CORP | 125,000 | $1.3B | 18.40% | |
| 265 | BACQINFLECTION POINT ACQU CORP V | 125,000 | $1.3B | 18.23% | |
| 266 | CCIICOHEN CIRCLE ACQUISIT CORP I | 125,000 | $1.3B | 18.16% | |
| 267 | CEPFCANTOR EQUITY PARTNERS III I | 125,000 | $1.3B | 18.09% | |
| 268 | LWACLIGHTWAVE ACQUISITION CORP | 125,000 | $1.3B | 17.78% | |
| 269 | MHNBLACKROCK MUNIHLDGS NY QLTY | 121,671 | $1.2B | 17.65% | |
| 270 | HRIHERC HLDGS INC | 8,330 | $1.2B | 17.54% | |
| 271 | AFBALLIANCEBERNSTEIN NATL MUN I | 113,648 | $1.2B | 17.44% | |
| 272 | CUBLIONHEART HOLDINGS | 100,000 | $1.1B | 15.08% | |
| 273 | FVNFUTURE VISION II ACQUISITION | 100,000 | $1.1B | 15.00% | |
| 274 | PLMKPLUM ACQUISITION CORP IV | 100,000 | $1.0B | 14.84% | |
| 275 | IAU-WUI-80 GOLD CORP | 1,117,500 | $1.0B | 14.59% | |
| 276 | FISVFISERV INC | 15,302 | $1.0B | 14.57% | |
| 277 | CCXIUCHURCHILL CAP CORP XI | 100,000 | $1.0B | 14.49% | |
| 278 | EPUISHARES TR | 14,063 | $1.0B | 14.43% | |
| 279 | MCGAYORKVILLE ACQUISITION CORP. | 100,000 | $1.0B | 14.37% | |
| 280 | OBAOXLEY BRIDGE ACQ LTD | 100,000 | $1.0B | 14.30% | |
| 281 | SCIISC II ACQUISITION CORP | 100,000 | $1.0B | 14.29% | |
| 282 | SOCASOLARIUS CAPITAL ACQU CORP | 100,000 | $1.0B | 14.26% | |
| 283 | HCMAHCM III ACQUISITION CORP | 100,000 | $1.0B | 14.25% | |
| 284 | BDCIBTC DEV CORP | 100,000 | $1.0B | 14.20% | |
| 285 | BLZRTRAILBLAZER ACQUISITION CORP | 100,000 | $1.0B | 14.20% | |
| 286 | HVMCHIGHVIEW MERGER CORP | 100,000 | $1.0B | 14.19% | |
| 287 | ITHAITHAX ACQUISITION CORP III | 100,000 | $997.0M | 14.15% | |
| 288 | —MCKINLEY ACQUISITION CORP | 100,000 | $997.0M | 14.15% | |
| 289 | TDWDTAILWIND 2.0 ACQUISITION COR | 100,000 | $985.0M | 13.98% | |
| 290 | WHRWHIRLPOOL CORP | 13,013 | $938.0M | 13.31% | |
| 291 | CECELANESE CORP DEL | 21,206 | $896.0M | 12.71% | |
| 292 | GME/WSGAMESTOP CORP NEW | 286,722 | $863.0M | 12.25% | |
| 293 | WLACWILLOW LANE ACQUISITION CORP | 186,827 | $836.0M | 11.86% | |
| 294 | LFACLEAPFROG ACQUISITION CORP | 75,000 | $750.0M | 10.64% | |
| 295 | PCAPPROCAP ACQUISITION CORP | 70,281 | $711.0M | 10.09% | |
| 296 | FUNSIX FLAGS ENTERTAINMENT CORP | 46,180 | $708.0M | 10.05% | |
| 297 | NFENEW FORTRESS ENERGY INC | 600,000 | $684.0M | 9.71% | Put |
| 298 | MFMMFS MUN INCOME TR | 125,000 | $678.0M | 9.62% | |
| 299 | FMCFMC CORP | 48,689 | $675.0M | 9.58% | |
| 300 | ACHCACADIA HEALTHCARE COMPANY IN | 47,455 | $673.0M | 9.55% |