WHITEBOX ADVISORS LLC

Q1 2026 13F-HR Holdings

Location
Minneapolis, MN
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
568
Total value ($000)
$8,124,495
Net value change ($000)
+1,076,897 (15.3%)
New positions
110
Sold out positions
67
Turnover %
78.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PEN 146,125 NEW
WBS 133,634 NEW
VAL 57,249 NEW
TERN 52,720 NEW
MASI 48,025 NEW
GTLS 41,411 35.9%
ORCL 40,509 NEW
CUK 33,502 NEW
WBD 32,820 284.7%
LITE 21,626 NEW
Top Reduces (Value $000, Stocks/ETFs)
CADE -128,520 -100.0%
CMA -108,663 -100.0%
CYBR -76,277 -100.0%
CFLT -31,896 -100.0%
EXAS -31,179 -100.0%
CDTX -27,611 -100.0%
FOXA -24,356 -72.4%
CIVI -11,591 -100.0%
ZTS -9,339 -100.0%
RYAAY -8,422 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,178,385 (14.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type