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 |
|---|---|---|---|---|---|
| 301 | EWZISHARES INC | 20,987 | $666.0M | 9.45% | |
| 302 | ODVOSISKO DEVELOPMENT CORP | 166,074 | $579.0M | 8.22% | |
| 303 | PSKYPARAMOUNT SKYDANCE CORP | 43,067 | $577.0M | 8.19% | |
| 304 | VSCOVICTORIAS SECRET AND CO | 10,140 | $549.0M | 7.79% | |
| 305 | PNWPINNACLE WEST CAP CORP | 5,974 | $529.0M | 7.51% | |
| 306 | IHRTIHEARTMEDIA INC | 125,000 | $520.0M | 7.38% | |
| 307 | CEPFCANTOR EQUITY PARTNERS V INC | 50,000 | $512.0M | 7.26% | |
| 308 | NEXMNEXMETALS MINING CORP. | 254,377 | $496.0M | 7.04% | |
| 309 | MUCBLACKROCK MUNIHOLDINGS QUALI | 46,481 | $466.0M | 6.61% | |
| 310 | NWAX/UNEW AMER ACQUISITION I CORP | 35,000 | $364.0M | 5.16% | |
| 311 | KYIVKYIVSTAR GROUP LTD | 100,000 | $354.0M | 5.02% | |
| 312 | GIGGIGCAPITAL7 CORP | 804,500 | $329.0M | 4.67% | |
| 313 | KLXEKLX ENERGY SERVICS HOLDNGS I | 170,235 | $321.0M | 4.55% | |
| 314 | FERAFIFTH ERA ACQUISITION CORP I | 750,000 | $299.0M | 4.24% | |
| 315 | GIWGIGCAPITAL8 CORP | 800,000 | $248.0M | 3.52% | |
| 316 | PCGPG&E CORP | 15,000 | $241.0M | 3.42% | |
| 317 | VCICVINE HILL CAP INVT CORP. | 132,500 | $238.0M | 3.38% | |
| 318 | CGCTCARTESIAN GROWTH CORP III | 275,000 | $217.0M | 3.08% | |
| 319 | SWSMURFIT WESTROCK PLC | 5,348 | $206.0M | 2.92% | |
| 320 | CRMLCRITICAL METALS CORP | 69,750 | $190.0M | 2.70% | |
| 321 | BULLWEBULL CORP | 64,397 | $184.0M | 2.61% | |
| 322 | —CRANE HBR ACQUISITION CORP | 225,000 | $180.0M | 2.55% | |
| 323 | UCFICN HEALTHY FOOD TECH GROUP C | 30,000 | $165.0M | 2.34% | |
| 324 | BEAGBOLD EAGLE ACQUISITION CORP | 400,000 | $128.0M | 1.82% | |
| 325 | TACHTITAN ACQUISITION CORP | 400,000 | $126.0M | 1.79% | |
| 326 | DRDBROMAN DBDR ACQUISITION CORP | 200,000 | $120.0M | 1.70% | |
| 327 | HPPHUDSON PAC PPTYS INC | 11,003 | $119.0M | 1.69% | |
| 328 | BCARD. BORAL ARC ACQ I CORP. | 325,000 | $118.0M | 1.67% | |
| 329 | —INFLECTION PT ACQUISITION CO | 300,000 | $113.0M | 1.60% | |
| 330 | SOULSOULPOWER ACQUISITION CORP | 650,000 | $113.0M | 1.60% | |
| 331 | —RANGE CAP ACQUISITION CORP | 250,000 | $112.0M | 1.59% | |
| 332 | LKSPLAKE SUPERIOR ACQUISITION CO | 57,871 | $112.0M | 1.59% | |
| 333 | —ALDEL FINL II INC | 200,000 | $110.0M | 1.56% | |
| 334 | VWAVWVISIONWAVE HOLDINGS INC | 93,000 | $108.0M | 1.53% | |
| 335 | RAAQREAL ASSET ACQUISITION CORP | 250,000 | $107.0M | 1.52% | |
| 336 | SZZLSIZZLE ACQUISITION CORP. II | 650,000 | $104.0M | 1.48% | |
| 337 | VNMEVENDOME ACQUISITION CORP I | 412,500 | $103.0M | 1.46% | |
| 338 | BACQINFLECTION POINT ACQU CORP V | 125,000 | $100.0M | 1.42% | |
| 339 | ALISCALISA ACQUISITION CORP | 200,000 | $97.0M | 1.38% | |
| 340 | WENNWEN ACQUISITION CORP | 300,000 | $93.0M | 1.32% | |
| 341 | RACRITHM ACQUISITION CORP | 133,333 | $91.0M | 1.29% | |
| 342 | IPODDUNE ACQUISITION CORP II | 300,000 | $89.0M | 1.26% | |
| 343 | XRPNARMADA ACQUISITION CORP II | 100,000 | $89.0M | 1.26% | |
| 344 | RDAGREPUBLIC DIGITAL ACQUISITION | 150,000 | $87.0M | 1.23% | |
| 345 | NOEMRCO2 ENERGY TRANSITION CORP | 390,000 | $86.0M | 1.22% | |
| 346 | NPACNEW PROVIDENCE ACQUISITION C | 166,666 | $84.0M | 1.19% | |
| 347 | BZAIWBLAIZE HLDGS INC | 209,250 | $83.0M | 1.18% | |
| 348 | KOYNDIGITAL ASSET ACQUISITION CO | 200,000 | $80.0M | 1.14% | |
| 349 | —RANGE CAP ACQUISITION CORP I | 250,000 | $80.0M | 1.14% | |
| 350 | YCYAA MISSION ACQUISITION CORP | 475,000 | $80.0M | 1.14% | |
| 351 | CHARCHARLTON ARIA ACQUISITION CO | 399,000 | $75.0M | 1.06% | |
| 352 | DMIIDRUGS MADE IN AMER ACQUTN CO | 400,000 | $74.0M | 1.05% | |
| 353 | MLACMOUNTAIN LAKE ACQUISITION CO | 300,000 | $72.0M | 1.02% | |
| 354 | ATIIARCHIMEDES TECH SPAC PARTNER | 125,000 | $68.0M | 0.96% | |
| 355 | TAVITAVIA ACQUISITION CORP | 300,000 | $68.0M | 0.96% | |
| 356 | GSHRGESHER ACQUISITION CORP. II | 150,000 | $67.0M | 0.95% | |
| 357 | —BLUE WTR ACQUISITION CORP. I | 125,000 | $66.0M | 0.94% | |
| 358 | —STELLAR V CAP CORP | 200,000 | $65.0M | 0.92% | |
| 359 | —M3BRIGADE ACQUISITION V CORP | 75,000 | $65.0M | 0.92% | |
| 360 | NOEMWCO2 ENERGY TRANSITION CORP | 390,000 | $65.0M | 0.92% | |
| 361 | DMIIDRUGS MADE IN AMER ACQ II CO | 450,000 | $63.0M | 0.89% | |
| 362 | LPAALAUNCH ONE ACQUISITION CORP | 255,571 | $63.0M | 0.89% | |
| 363 | EMISEMMIS ACQUISITION CORP. | 400,000 | $60.0M | 0.85% | |
| 364 | SPEGSILVER PEGASUS ACQUISITION C | 250,000 | $60.0M | 0.85% | |
| 365 | PAIIPYROPHYTE ACQUISITION CORP. | 150,000 | $60.0M | 0.85% | |
| 366 | —TALON CAP CORP | 100,000 | $59.0M | 0.84% | |
| 367 | GRAFGRAF GLOBAL CORP | 125,000 | $56.0M | 0.79% | |
| 368 | OTGAOTG ACQUISITION CORP. I | 175,000 | $56.0M | 0.79% | |
| 369 | BACCBLUE ACQUISITION CORP. | 175,000 | $56.0M | 0.79% | |
| 370 | —NEWHOLD INVT CORP III | 125,000 | $56.0M | 0.79% | |
| 371 | —HENNESSY CAP INVT CORP VII | 200,000 | $55.0M | 0.78% | |
| 372 | LPBBLAUNCH TWO ACQUISITION CORP. | 175,000 | $55.0M | 0.78% | |
| 373 | YCYAA MISSION ACQUISITION CORP | 250,000 | $54.0M | 0.77% | |
| 374 | LCCCLAKESHORE ACQUISITION III CO | 218,500 | $54.0M | 0.77% | |
| 375 | SIMASIM ACQUISITION CORP. I | 250,000 | $53.0M | 0.75% | |
| 376 | BRRWWPROCAP FINL INC | 75,000 | $52.0M | 0.74% | |
| 377 | COLACOLUMBUS ACQUISITION CORP | 150,000 | $50.0M | 0.71% | |
| 378 | OYSEOYSTER ENTERPRISES II ACQUIS | 250,000 | $50.0M | 0.71% | |
| 379 | APADA PARADISE ACQUISITION CORP | 200,000 | $50.0M | 0.71% | |
| 380 | EVACEQV VENTURES ACQUISITION COR | 99,997 | $48.0M | 0.68% | |
| 381 | CRAQCAL REDWOOD ACQUISITION CORP | 150,000 | $48.0M | 0.68% | |
| 382 | IGACINVEST GREEN ACQUISITION COR | 250,000 | $47.0M | 0.67% | |
| 383 | —NEWBURY STR II ACQUISITION C | 187,500 | $47.0M | 0.67% | |
| 384 | —TRANSLATIONAL DEV ACQUISITIO | 152,500 | $47.0M | 0.67% | |
| 385 | DRTSALPHA TAU MEDICAL LTD | 136,018 | $46.0M | 0.65% | |
| 386 | FTWEQV VENTURES AC CORP. II | 133,333 | $46.0M | 0.65% | |
| 387 | WSTNWESTIN ACQUISITION CORP | 250,000 | $45.0M | 0.64% | |
| 388 | JACSJACKSON ACQUISITION CO II | 175,000 | $43.0M | 0.61% | |
| 389 | FACTFACT II ACQUISITION CORP | 125,000 | $43.0M | 0.61% | |
| 390 | RZLVREZOLVE AI PLC | 46,500 | $42.0M | 0.60% | |
| 391 | TVAITHAYER VENTURES ACQ CORP II | 200,000 | $42.0M | 0.60% | |
| 392 | —APEX TREAS CORP | 150,000 | $41.0M | 0.58% | |
| 393 | VACHVOYAGER ACQUISITION CORP | 193,612 | $39.0M | 0.55% | |
| 394 | AIRJWAIRJOULE TECHNOLOGIES CORP | 46,500 | $39.0M | 0.55% | |
| 395 | PACHPIONEER ACQUISITION I CORP | 150,000 | $39.0M | 0.55% | |
| 396 | COPLCOPLEY ACQUISITION CORP | 150,000 | $38.0M | 0.54% | |
| 397 | EGHAEGH ACQUISITION CORP. | 150,000 | $37.0M | 0.53% | |
| 398 | ONCH1RT ACQUISITION CORP. | 65,000 | $37.0M | 0.53% | |
| 399 | AXINAXIOM INTELLIGENCE AC CORP 1 | 175,000 | $36.0M | 0.51% | |
| 400 | VACIVIKING ACQUISITION CORP I | 83,333 | $35.0M | 0.50% |