Westchester Capital Management, LLC
Q4 2025 13F-HR Holdings
Net value change ($000)
+194,211
(8.9%)
New positions
67
Sold out positions
37
Turnover %
53.2%
Sector allocation + QoQ delta (equities-only)
Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown
Snapshot: Change Analysis
Compared to Q3 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)
| EA | 95,352 | 366.0% |
| WBD | 80,217 | 321.3% |
| EXAS | 76,329 | NEW |
| NSC | 72,606 | 184.7% |
| RNAM | 69,437 | NEW |
| CMA | 57,232 | NEW |
| DAY | 37,807 | NEW |
| SEE | 35,366 | NEW |
| CFLT | 25,922 | NEW |
| NGD | 24,843 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| COOP | -155,185 | -100.0% |
| KEL | -139,531 | -100.0% |
| IPG | -63,708 | -100.0% |
| VRNA | -51,611 | -100.0% |
| LBRDA | -22,277 | -46.5% |
| NABORS ENERGY TRANSITION COR | -14,495 | -100.0% |
| Spirit AeroSystems Holdings, Inc. | -13,313 | -100.0% |
| VBTX | -13,209 | -100.0% |
| New Providence Acquisition Corp. III | -13,148 | -100.0% |
| BACQ | -12,353 | -93.9% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
254,371
(10.7% 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.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
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