Skip to main content
Livermore
Livermore
ZHEN

Whitebox Advisors LLC

SEC CIK
0001257391
Latest filing
Aug 14, 2026

Holdings in Q2 2023

Holdings as of Jun 30, 2023, filed Aug 26, 2026. Long positions only; changes compare share counts with Q1 2023.

Institution overview
Positions
416
−125 vs. Q1 2023
Portfolio value
$2.07B
−$8.99M (−0.4%) vs. Q1 2023
Filed
Aug 26, 2026
AmendedSECSEC
Holdings of Whitebox Advisors LLC in Q2 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
American Airls Group Inc02376RAF9NOTE 6.500% 7/0–$136.1M6.6%–––
LBRDKLiberty Broadband CorpCOM SER C1,470,397$117.8M5.7%+425,700+40.7%AddedHistory
Zillow Group, Inc.98954MAG6NOTE 1.375% 9/0–$103.6M5.0%–––
On Semiconductor Corp682189AS4NOTE 5/0–$92.7M4.5%–––
Copa Holdings SA21720AAB8NOTE 4.500% 4/1–$92.7M4.5%–––
Sunnova Energy Intl Inc.86745KAF1NOTE 0.250%12/0–$83.4M4.0%–––
MicroStrategy Inc594972AC5NOTE 0.750%12/1–$73.4M3.5%–––
Wix.com Ltd.92940WAB5NOTE 7/0–$66.1M3.2%–––
GPORGulfport Energy CorpCOMMON SHARES562,811$59.1M2.9%−146,274−20.6%ReducedHistory
MicroStrategy Inc594972AE1NOTE 2/1–$53.4M2.6%–––
TFPMTriple Flag Precious Metals Corp.Stock3,567,446$49.2M2.4%−21,281−0.6%ReducedHistory
PPLIPeople IncCOM NEW717,779$45.1M2.2%+72,574+11.2%AddedHistory
Marathon Digital Holdings IN565788AB2NOTE 1.000%12/0–$44.2M2.1%–––
Cree Inc225447AD3NOTE 1.750% 5/0–$44.1M2.1%–––
Nova Ltd.66980MAB2NOTE 10/1–$39.2M1.9%–––
WTWWillis Towers Watson PLCSHS150,465$35.4M1.7%+12,812+9.3%AddedHistory
VALValaris LtdCL A556,005$35.0M1.7%00.0%UnchangedHistory
Array Technologies, Inc.04271TAB6NOTE 1.000%12/0–$34.8M1.7%–––
DISH Network CORP25470MAF6NOTE 12/1–$31.4M1.5%–––
Xometry, Inc.98423FAB5NOTE 1.000% 2/0–$28.7M1.4%–––
Maxeon Solar Technologies LT57779BAB0NOTE 6.500% 7/1–$27.7M1.3%–––
CHRDChord Energy CorpCOM NEW177,550$27.3M1.3%−39,000−18.0%ReducedHistory
BAXBaxter International IncStock592,000$27.0M1.3%+335,300+130.6%AddedHistory
Splunk Inc848637AC8NOTE 0.500% 9/1–$26.9M1.3%–––
HEI.AHeico CorpCL A183,581$25.8M1.2%00.0%UnchangedHistory
Bill Com Hldgs Inc090043AB6NOTE 12/0–$25.0M1.2%–––
Transocean Ltd.893830BW8DEB 4.625% 9/3–$23.1M1.1%–––
NENoble Corp plcORD SHS A534,594$22.1M1.1%+20,000+3.9%AddedHistory
HCI Group, Inc.40416EAF0NOTE 4.750% 6/0–$21.9M1.1%–New–
Wayfair Inc.94419LAF8NOTE 1.000% 8/1–$21.6M1.0%–––
EXEExpand Energy CorpCOM255,250$21.4M1.0%00.0%UnchangedHistory
BNBROOKFIELD CorpCL A LTD VT SH631,895$21.3M1.0%00.0%UnchangedHistory
Zscaler, Inc.98980GAB8NOTE 0.125% 7/0–$21.2M1.0%–––
Encore Cap Group Inc292554AM4NOTE 3.250%10/0–$20.4M1.0%–––
Cryolife Inc228903AB6NOTE 4.250% 7/0–$20.1M1.0%–––
Beyond Meat, Inc.08862EAB5NOTE 3/1–$18.6M0.9%–––
NCL Corp Ltd62886HBD2NOTE 1.125% 2/1–$16.6M0.8%–––
Coinbase Global, Inc.19260QAB3NOTE 0.500% 6/0–$15.8M0.8%–––
Infinera Corp45667GAF0DEBT 3.750% 8/0–$14.9M0.7%–––
Bandwidth Inc.05988JAB9NOTE 0.250% 3/0–$14.8M0.7%–––
Carnival Corp Ltd.14365C103ADR819,484$13.9M0.7%00.0%Unchanged–
ACIAlbertsons Companies, Inc.COMMON STOCK636,086$13.9M0.7%+54,786+9.4%AddedHistory
Redfin Corp75737FAE8NOTE 0.500% 4/0–$13.0M0.6%–––
CIVICivitas Resources, Inc.EQUITY US CM183,236$12.7M0.6%−218,372−54.4%ReducedHistory
Upstart Hldgs Inc91680MAB3NOTE 0.250% 8/1–$12.5M0.6%–––
Realogy Grp LLC/Realogy Co75606DAP6NOTE 0.250% 6/1–$11.5M0.6%–––
THCTenet Healthcare CorpCOM NEW141,546$11.5M0.6%−72,783−34.0%ReducedHistory
NCL Corp Ltd62886HBK6NOTE 2.500% 2/1–$11.3M0.5%–New–
BLCOBausch & Lomb CorpCOMMON SHARES547,980$11.0M0.5%−274,470−33.4%ReducedHistory
Omeros Corp682143AE2NOTE 6.250%11/1–$10.7M0.5%–––
Redfin Corp75737FAC2NOTE 10/1–$9.86M0.5%–––
LBRDALiberty Broadband CorpCOM SER A118,151$9.42M0.5%00.0%UnchangedHistory
BHCBausch Health Companies Inc.Stock1,090,000$8.72M0.4%+834,000+325.8%AddedHistory
Veritone, Inc.92347MAB6NOTE 1.750%11/1–$8.71M0.4%–––
Esperion Therapeutics Inc Ne29664WAB1NOTE 4.000%11/1–$8.57M0.4%–––
Omeros Corp682143AG7NOTE 5.250% 2/1–$7.83M0.4%–––
AQNAlgonquin Power & Utilities Corp.COM945,000$7.81M0.4%+945,000NewHistory
Two HBRS Invt Corp90187BAB7NOTE 6.250% 1/1–$7.13M0.3%–––
DocuSign, Inc.256163AB2NOTE 0.500% 9/1–$6.21M0.3%–––
GTGoodyear Tire & Rubber CoCOM420,411$5.75M0.3%−55,000−11.6%ReducedHistory
Liberty Media Corp530715AL5DEB 3.750% 2/1–$5.26M0.3%–––
Cutera Inc232109AD0NOTE 2.250% 6/0–$5.16M0.2%–New–
INSMED Inc457669AB5NOTE 0.750% 6/0–$5.03M0.2%–New–
GMGeneral Motors CoCOM119,669$4.61M0.2%+3,000+2.6%AddedHistory
ATVIActivision Blizzard, Inc.COM54,685$4.61M0.2%−91,977−62.7%ReducedHistory
SDRLSEADRILL LtdCOM111,637$4.61M0.2%+111,637NewHistory
LUVSouthwest Airlines CoCOM122,500$4.44M0.2%+11,300+10.2%AddedHistory
DCHDauch CorpCOM505,012$4.18M0.2%+36,451+7.8%AddedHistory
CYHCommunity Health Systems IncCOM910,294$4.01M0.2%+910,294NewHistory
HTZWWHertz Global Holdings, IncCommon Stock391,789$3.95M0.2%00.0%UnchangedHistory
HC2 Hldgs Inc404139AG2NOTE 7.500% 8/0–$3.91M0.2%–––
Evergreen CorpG3312W109CLASS A ORD SHS350,000$3.77M0.2%00.0%Unchanged–
Aimfinity Investment Corp. IG0135E142UNIT 04/21/2027350,000$3.66M0.2%00.0%Unchanged–
Uber Technologies, Inc90353TAJ9NOTE 12/1–$3.65M0.2%–New–
Redwood Trust Inc758075AF2NOTE 7.750% 6/1–$3.45M0.2%–New–
GTXGarrett Motion Inc.Stock444,478$3.36M0.2%+444,478NewHistory
MBIMbia IncCOM372,637$3.22M0.2%+145,536+64.1%AddedHistory
Black Spade Acquisition CoG11537100SHS CL A300,000$3.10M0.1%00.0%Unchanged–
PTC Therapeutics, Inc.69366JAD3NOTE 1.500% 9/1–$3.07M0.1%–––
TWCBBilander Acquisition Corp.CL A COM300,000$3.05M0.1%00.0%UnchangedHistory
8X8 Inc282914AE0NOTE 4.000% 2/0–$3.00M0.1%–New–
Gossamer Bio, Inc.38341PAA0NOTE 5.000% 6/0–$2.98M0.1%–––
OGNOrganon & Co.Stock135,343$2.82M0.1%+84,119+164.2%AddedHistory
JWNNordstrom IncStock135,457$2.77M0.1%−29,000−17.6%ReducedHistory
Liberty Media Corp530715AG6DEB 4.000%11/1–$2.74M0.1%–––
Kensington Capital AcquisitiG5251K103SHS CL A250,000$2.64M0.1%00.0%Unchanged–
DNABSocial Capital Suvretta Holdings Corp. IICLASS A ORD SHS250,000$2.59M0.1%00.0%UnchangedHistory
DNADSocial Capital Suvretta Holdings Corp. IVCLASS A ORD SHS250,000$2.59M0.1%00.0%UnchangedHistory
GBBKGlobal Blockchain Acquisition Corp.COMMON STOCK225,000$2.35M0.1%00.0%UnchangedHistory
DALDelta Air Lines, Inc.COM NEW47,786$2.27M0.1%+7,000+17.2%AddedHistory
SKGRUSK Growth Opportunities CorpUNIT 06/28/2029200,000$2.24M0.1%00.0%UnchangedHistory
Coherus Biosciences Inc19249HAB9NOTE 1.500% 4/1–$2.14M0.1%–––
Semnur Pharmaceuticals, Inc.G6256B106CLASS A ORD200,000$2.14M0.1%00.0%Unchanged–
Everest Consolidator Acq Cor29978K102CL A COM200,000$2.13M0.1%00.0%Unchanged–
Aura Fat Projs Acquisition CG06362100CLASS A ORD200,000$2.12M0.1%00.0%Unchanged–
The Growth for Good Acqu CorG41522106CLASS A ORD SHS200,000$2.09M0.1%00.0%Unchanged–
RRyder System IncCOM21,928$1.86M0.1%+10,509+92.0%AddedHistory
TRTLTortoiseEcofin Acquisition Corp. IIISHS CL A177,835$1.85M0.1%00.0%UnchangedHistory
Bilibili Inc.090040AF3NOTE 0.500%12/0–$1.70M0.1%–––
FTIIFutureTech II Acquisition Corp.CLASS A COM151,600$1.62M0.1%00.0%UnchangedHistory

Options (25)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Whitebox Advisors LLC in Q2 2023
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$740.7M–
AALAmerican Airlines Group Inc.Stock$186.6M–
RCLRoyal Caribbean Cruises LtdCOM$166.0M–
CCLCarnival Corp Ltd.UNIT 99/99/9999$96.0M–
AAPLApple Inc.Stock$58.2M–
CATCaterpillar IncStock$49.2M–
UALUnited Airlines Holdings, Inc.COM$42.2M–
HONHoneywell International IncCOM$41.5M–
DEDeere & CoStock$40.5M–
BYNDBeyond Meat, Inc.COM$33.7M–
WWayfair Inc.CL A$32.5M–
TDWTidewater IncCOM–$27.7M
NCLHNorwegian Cruise Line Holdings Ltd.SHS$16.3M–
FSRFisker Inc.CL A COM STK$10.5M–
State Street Financial Select Sector SPDR ETF81369Y605ETF–$10.1M
DISHDISH Network CORPCL A$8.57M–
UPSTUpstart Holdings, Inc.COM$7.88M–
MSTRStrategy IncStock$7.19M–
RIGTransocean Ltd.REGISTERED SHS$7.01M–
Azul S A05501U106SPONSR ADR PFD$6.84M–
LUMNLumen Technologies, Inc.Stock$6.78M–
LCIDLucid Group, Inc.COM$6.55M–
CNKCinemark Holdings, Inc.COM–$4.95M
SABRSabre CorpCOM$4.79M–
PSECProspect Capital CorpCOM$1.93M–

Sold out since Q1 2023 (145)

Positions held at the end of Q1 2023 that are gone from this filing.

The largest 100 of 145 by value last quarter.

Positions of Whitebox Advisors LLC sold out since Q1 2023
SecurityClassShares in Q1 2023Value in Q1 2023% of portfolio in Q1 2023History
Garrett Motion Inc.366505204COMM1,864,870$16.6M0.8%–
Bloom Energy Corp093712AH0NOTE 2.500% 8/1–$10.1M0.5%–
FOXFox CorpCL B COM289,126$9.05M0.4%History
Amryt Pharma PLC03217L106SPONSORED ADS466,712$6.80M0.3%–
DraftKings Inc.26142RAB0NOTE 3/1–$6.75M0.3%–
Protalix BioTherapeutics, Inc.74365AAJ0NOTE 7.500% 9/0–$6.13M0.3%–
Royal Caribbean Group780153BB7NOTE 4.250% 6/1–$4.56M0.2%–
THCPThunder Bridge Capital Partners IV, Inc.CLASS A COM440,000$4.45M0.2%History
Acropolis Infrastructure Acq005029103CL A406,003$4.11M0.2%–
Nubia Brand International Co67022R103CLASS A COM350,000$3.69M0.2%–
Vision Sensing Acquisition C92838J103CLASS A COM300,000$3.15M0.2%–
HWH International Inc.02115M109CLASS A COM284,000$2.92M0.1%–
LIBYLiberty Resources Acquisition Corp.CLASS A COM275,000$2.89M0.1%History
APGBApollo Strategic Growth Capital IISHS CL A265,000$2.72M0.1%History
ASBPAspire Biopharma Holdings, Inc.CLASS A ORDI SHS250,000$2.63M0.1%History
Artemis Strategic Invt Corp04303A103COM CL A250,000$2.58M0.1%–
Sound Point Acquisition CorpG8274F101CLASS A ORD SHS234,451$2.47M0.1%–
Vroom, Inc.92918VAB5NOTE 0.750% 7/0–$2.27M0.1%–
SOARVolato Group, Inc.CL A COM200,000$2.09M0.1%History
Southport Acquisition Corp84465L105CL A COM200,000$2.08M0.1%–
TGVCTG Venture Acquisition Corp.CLASS A COM200,000$2.07M0.1%History
Jackson Acquisition Co46653C106COM CL A200,000$2.06M0.1%–
DUETDUET Acquisition Corp.CLASS A COM195,100$2.02M0.1%History
JWACJupiter Wellness Acquisition Corp.CLASS A COM175,000$1.85M0.1%History
SHUASHUAA Partners Acquisition Corp ICLASS A ORD SHS175,000$1.84M0.1%History
LATGChenghe Acquisition I Co.CLASS A ORD SHS175,000$1.83M0.1%History
VLATValor Latitude Acquisition Corp.CLASS A ORD SHS175,000$1.79M0.1%History
Eg Acquisition Corp26846A100COM CL A159,975$1.63M0.1%–
ADRTAult Disruptive Technologies CorpCOM150,000$1.57M0.1%History
Banner Acquisition Corp.06654K101CLASS A COM150,000$1.54M0.1%–
CVIIChurchill Capital Corp VIICOM CL A142,000$1.44M0.1%History
CRECCrescera Capital Acquisition Corp.CLASS A ORD SHS125,000$1.31M0.1%History
BIOSBioPlus Acquisition Corp.CLASS A ORD SHS125,000$1.30M0.1%History
Signal Hill Acquisition Corp82664R105CLASS A COM125,000$1.30M0.1%–
AEAEAltEnergy Acquisition CorpCOM CL A125,000$1.30M0.1%History
Worldwide Webb Acquisition CG97775103CLASS A ORD SHS121,322$1.26M0.1%–
LIVBLIV Capital Acquisition Corp. IICLASS A ORD SHS120,000$1.25M0.1%History
KBHKB HomeCOM28,012$1.13M0.1%History
LGVCLAMF Global Ventures Corp. ICLASS A ORD100,000$1.04M0.1%History
BFACBattery Future Acquisition Corp.CL A ORD SHS100,000$1.04M0.1%History
Sculptor Acquisition Corp IG7T983103CL A COM100,000$1.04M0.1%–
HAIAHealthcare AI Acquisition Corp.CLASS A ORD SHS100,000$1.04M0.1%History
Spree Acquisition Corp. 1 LtdG83745102CL A ORD SHS100,000$1.04M0.1%–
TGAATarget Global Acquisition I Corp.CLASS A ORD SHS100,000$1.04M0.1%History
Galata Acquisition CorpG3R23A108SHS CL A100,000$1.04M<0.1%–
G Squared Ascend II IncG42041106COM CL A100,000$1.04M<0.1%–
CMCAFPiermont Valley Acquisition CorpCLASS A ORD SHS98,529$1.03M<0.1%History
VMG Consumer Acquisition Cor91842V102CLASS A COM100,000$1.03M<0.1%–
Clean Earth Acquisitions Cor184493104CLASS A COM100,000$1.03M<0.1%–
ATEKAthena Technology Acquisition Corp. IICL A COM100,000$1.02M<0.1%History
Power & Digital Infrastructu73919C100CLASS A COM100,000$1.02M<0.1%–
Jaws Juggernaut Acquisitn CoG50735102CLASS A ORD SHS100,000$1.02M<0.1%–
BLEUbleuacacia ltdCLASS A ORD SHS100,000$1.02M<0.1%History
B Riley Prin 250 Merger Corp05602L104CLASS A COM100,000$1.02M<0.1%–
Tio Tech AG8T10C106CLASS A ORD SHS92,000$936.6K<0.1%–
Khosla Ventures Acqut Co III482506102COM CL A92,000$933.8K<0.1%–
Ef Hutton Acquisition Corp I28201D109COM90,000$924.3K<0.1%–
Skydeck Acquisition Corp.G82220123CLASS A ORD SHS84,641$865.9K<0.1%–
GoGreen Investments CorpG9461B101ORD SHS CL A75,000$791.3K<0.1%–
Green Visor Fin Tec Acq CorpG4166K100CLASS A ORD75,000$789.8K<0.1%–
Nabors Energy Transition Cor629567108CL A COM75,000$787.5K<0.1%–
Roc Energy Acquisition Corp77118V108COMMON STOCK75,000$783.8K<0.1%–
EONREON Resources Inc.COM CL A75,000$783.0K<0.1%History
ENTFEnterprise 4.0 Technology Acquisition CorpCLASS A ORD SHS75,000$782.3K<0.1%History
DEVSFDevvStream Corp.CLASS A COM75,000$780.0K<0.1%History
St Energy Transition I LtdG8465L107CL A ORD SHS75,000$778.5K<0.1%–
ROCLRoth CH Acquisition V Co.COM75,000$774.0K<0.1%History
Orion Biotech Opportuntes CoG6780C109CLASS A ORD SHS75,000$767.3K<0.1%–
Alpha Healthcare Acqu Corp I02073F104CLASS A COM75,000$761.3K<0.1%–
Iconic Sports Acquisition Corp.G4712C107CL A ORD SHS70,000$735.4K<0.1%–
Zimmer Energy Transition Acq989570106COM CL A68,331$692.2K<0.1%–
FNVTFinnovate Acquisition Corp.CLASS A ORD SHS60,000$625.8K<0.1%History
OPTUOptimum Communications, Inc.CL A175,597$600.5K<0.1%History
PNSTPinstripes Holdings, Inc.CL A COM55,000$572.0K<0.1%History
IHRTiHeartMedia, Inc.COM CL A135,559$528.7K<0.1%History
PHYTPyrophyte Acquisition Corp.CL A ORD SHS50,000$525.3K<0.1%History
Trine II Acquisition Corp.G9059F100CL A ORD SHS50,000$523.0K<0.1%–
Anthemis Digital AcquisitionG03959106CLASS A ORD50,000$522.5K<0.1%–
PGSSPegasus Digital Mobility Acquisition Corp.CL A ORD SHS50,000$522.0K<0.1%History
HCM Acquisition CorpG4365A101CLASS A ORD SHS50,000$522.0K<0.1%–
PRLHPearl Holdings Acquisition CorpCLASS A ORD SHS50,000$522.0K<0.1%History
Lava Medtech Acquisition Cor519345102CLASS A COM50,000$521.5K<0.1%–
RCFAPerception Capital Corp. IVCL A COM50,000$521.5K<0.1%History
SUACShoulderUP Technology Acquisition Corp.CL A COM50,000$520.0K<0.1%History
Juniper II Corp48203N103CL A COM50,000$519.0K<0.1%–
Swiftmerge Acquisition CorpG63836103CLASS A ORD SHS50,000$515.5K<0.1%–
RCACRevelstone Capital Acquisition Corp.CLASS A COM50,000$513.0K<0.1%History
Metals Acquisition CorpG60405100SHS CL A50,000$511.0K<0.1%–
HCNEJaws Hurricane Acquisition CorpCLASS A COM50,000$508.5K<0.1%History
Post Holdings Partnering Cor737465104COM SER A50,000$506.0K<0.1%–
TPG Pace Beneficial II CorpG89826104COMMON STOCK49,600$494.5K<0.1%–
SBCSBC Medical Group Holdings IncCOM35,000$365.4K<0.1%History
Mobiv Acquisition Corp60742N106CLASS A COM35,000$364.4K<0.1%–
TCVATCV Acquisition Corp.CL A SHS29,600$303.1K<0.1%History
EVEEVe Mobility Acquisition CorpCL A ORD SHS25,000$260.9K<0.1%History
Bullpen Parlay Acquisition CG1792A100CLASS A ORD SHS25,000$260.5K<0.1%–
GCT Semiconductor Holding, Inc.20607V106COM CL A25,000$259.3K<0.1%–
CFFSCF Acquisition Corp. VIICLASS A COM25,000$258.5K<0.1%History
BZHBeazer Homes USA IncCOM NEW13,876$220.4K<0.1%History
CITECartica Acquisition CorpCLASS A ORD SHS20,000$210.4K<0.1%History