Warberg Asset Management LLC

Q3 2025 13F-HR Holdings

Location
Winnetka, IL
Holdings as of
9/30/2025
Date filed
11/6/2025
Form type
13F-HR
Num holdings
188
Total value ($000)
$626,893
Net value change ($000)
-16,299 (-2.5%)
New positions
40
Sold out positions
27
Turnover %
67.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
GTLS 2,369 NEW
D. BORAL ARC ACQ I CORP. 1,390 NEW
VNME 1,377 NEW
ORIQ 840 NEW
KCHV 774 NEW
STXS 744 29.2%
TLNC 603 NEW
BA 516 NEW
CRAQ 499 NEW
TVAI 449 NEW
Top Reduces (Value $000, Stocks/ETFs)
PARAV -2,578 -100.0%
VCIC -875 -100.0%
KCHV -796 -100.0%
CRAQ -512 -100.0%
TVAI -454 -100.0%
GBTC -424 -100.0%
BAC -364 -100.0%
BULL -359 -100.0%
CHPG -353 -100.0%
XRPN -306 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 270,391 (43.1% 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