Murchinson Ltd.

Q4 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
75
Total value ($000)
$621,523
Net value change ($000)
-166,676 (-21.1%)
New positions
22
Sold out positions
30
Turnover %
170.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

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)
SUNC 15,660 NEW
DAY 6,942 NEW
RKT 5,808 NEW
NFLX 4,688 NEW
CLST 4,080 NEW
GIL 3,186 NEW
KVUE 2,588 NEW
BMO 1,732 NEW
PTHS 1,134 14.5%
NGD 871 NEW
Top Reduces (Value $000, Stocks/ETFs)
TRP -166,230 -75.4%
NTR -122,598 -100.0%
SPY -64,953 -100.0%
COOP -11,498 -100.0%
VALE -9,710 -100.0%
YPF -2,429 -100.0%
SRDX -1,584 -100.0%
Spirit AeroSystems Holdings, Inc. -1,544 -100.0%
MBX -1,400 -100.0%
WOLF -1,351 -61.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 435,201 (70.0% 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