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Whitebox Advisors LLC

SEC CIK
0001257391
Latest filing
Aug 14, 2026

Holdings in Q4 2024

Holdings as of Dec 31, 2024, filed Aug 26, 2026. Long positions only; changes compare share counts with Q3 2024.

Institution overview
Positions
253
−36 vs. Q3 2024
Portfolio value
$2.72B
+$408.0M (+17.7%) vs. Q3 2024
Filed
Aug 26, 2026
AmendedSECSEC
Holdings of Whitebox Advisors LLC in Q4 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
MicroStrategy Inc594972AE1NOTE 2/1–$208.0M7.7%–––
Western Digital Corp958102AT2NOTE 3.000%11/1–$153.8M5.7%–New–
INSMED Inc457669AB5NOTE 0.750% 6/0–$144.3M5.3%–––
Freshpet, Inc.358039AB1NOTE 3.000% 4/0–$121.8M4.5%–––
American Airls Group Inc02376RAF9NOTE 6.500% 7/0–$78.8M2.9%–––
Sea Ltd81141RAF7NOTE 2.375%12/0–$74.2M2.7%–––
Sphere Entertainment Co.55826TAB8NOTE 3.500%12/0–$69.5M2.6%–New–
Bloom Energy Corp093712AK3NOTE 3.000% 6/0–$68.8M2.5%–––
LBRDKLiberty Broadband CorpCOM SER C894,695$66.9M2.5%−1,329,743−59.8%ReducedHistory
Semtech Corp816850AF8NOTE 1.625%11/0–$62.7M2.3%–––
Cinemark Hldgs Inc17243VAB8NOTE 4.500% 8/1–$59.6M2.2%–––
Rivian Automotive, Inc.76954AAD5NOTE 3.625%10/1–$56.0M2.1%–New–
Lumentum Hldgs Inc55024UAH2NOTE 1.500%12/1–$54.9M2.0%–––
Encore Cap Group Inc292554AP7NOTE 4.000% 3/1–$53.7M2.0%–––
On Semiconductor Corp682189AS4NOTE 5/0–$47.8M1.8%–––
EchoStar CORP278768AB2NOTE 3.875%11/3–$45.7M1.7%–New–
Array Technologies, Inc.04271TAB6NOTE 1.000%12/0–$44.6M1.6%–––
Wayfair Inc.94419LAR2NOTE 3.500%11/1–$44.5M1.6%–––
Sunnova Energy Intl Inc.86745KAF1NOTE 0.250%12/0–$43.0M1.6%–––
PPLIPeople IncCOM NEW939,259$40.5M1.5%+106,000+12.7%AddedHistory
BA.PABoeing CoDEP CONV PFD A650,000$39.6M1.5%+650,000NewHistory
Collegium Pharmaceutical, Inc19459JAC8NOTE 2.875% 2/1–$39.2M1.4%–––
Novavax Inc670002AD6NOTE 5.000%12/1–$34.7M1.3%–––
Xometry, Inc.98423FAB5NOTE 1.000% 2/0–$34.6M1.3%–––
TFPMTriple Flag Precious Metals Corp.Stock2,301,628$34.6M1.3%−753,075−24.7%ReducedHistory
Coinbase Global, Inc.19260QAB3NOTE 0.500% 6/0–$34.0M1.3%–––
Canadian Solar Inc.136635AG4NOTE 2.500%10/0–$32.9M1.2%–––
HEI.AHeico CorpCL A160,036$29.8M1.1%+11,685+7.9%AddedHistory
GRFSGrifols SASP ADR REP B NVT3,947,631$29.4M1.1%−273,852−6.5%ReducedHistory
Herbalife Ltd.42703MAF0NOTE 4.250% 6/1–$28.3M1.0%–––
Lumentum Hldgs Inc55024UAD1NOTE 0.500%12/1–$27.4M1.0%–New–
BLCOBausch & Lomb CorpCOMMON SHARES1,443,101$26.1M1.0%+199,856+16.1%AddedHistory
Wolfspeed, Inc.977852AD4NOTE 1.875%12/0–$25.3M0.9%–––
HCI Group, Inc.40416EAF0NOTE 4.750% 6/0–$25.1M0.9%–––
Zynex Inc98986MAD5NOTE 5.000% 5/1–$24.7M0.9%–––
Cryolife Inc228903AB6NOTE 4.250% 7/0–$24.7M0.9%–––
Tyler Tex Indpt SCH Dist902252AB1NOTE 0.250% 3/1–$22.3M0.8%–New–
Nabors Inds Inc62957HAL9NOTE 1.750% 6/1–$22.1M0.8%–––
Evergy, Inc.30034WAD8NOTE 4.500%12/1–$21.7M0.8%–New–
CHRDChord Energy CorpCOM NEW185,264$21.7M0.8%00.0%UnchangedHistory
GPORGulfport Energy CorpCOMMON SHARES115,596$21.3M0.8%+11,616+11.2%AddedHistory
VALValaris LtdCL A459,111$20.3M0.7%00.0%UnchangedHistory
Wayfair Inc.94419LAM3NOTE 0.625%10/0–$19.2M0.7%–––
Enovis CORP194014AB2NOTE 3.875%10/1–$18.9M0.7%–New–
NIO Inc.62914VAK2NOTE 4.625%10/1–$17.8M0.7%–––
UPWheels Up Experience Inc.COM CL A40,036,505$17.8M0.7%−2,650,014−6.2%ReducedHistory
CIVICivitas Resources, Inc.EQUITY US CM367,000$16.8M0.6%+195,000+113.4%AddedHistory
LBRDALiberty Broadband CorpCOM SER A206,296$15.3M0.6%+88,145+74.6%AddedHistory
Transocean Ltd.893830BW8DEB 4.625% 9/3–$14.6M0.5%–––
HESHess CorpStock107,565$14.3M0.5%+107,565NewHistory
PTC Therapeutics, Inc.69366JAD3NOTE 1.500% 9/1–$13.4M0.5%–––
Liberty Media Corp530715AL5DEB 3.750% 2/1–$12.7M0.5%–––
Pinduoduo Inc722304AC6NOTE 12/0–$12.0M0.4%–New–
Luminar Technologies, Inc.550424AE5DEBT 11.500% 1/1–$11.9M0.4%–––
Spirit Aerosystems Inc85205TAQ3NOTE 3.250%11/0–$11.8M0.4%–New–
NENoble Corp plcORD SHS A365,083$11.5M0.4%00.0%UnchangedHistory
DCHDauch CorpCOM1,892,723$11.0M0.4%+477,550+33.7%AddedHistory
Vishay Intertechnology Inc928298AR9NOTE 2.250% 9/1–$10.3M0.4%–––
ACIAlbertsons Companies, Inc.COMMON STOCK503,831$9.90M0.4%−853,851−62.9%ReducedHistory
PureCycle Technologies, Inc.74623VAB9NOTE 7.250% 8/1–$9.80M0.4%–New–
Encore Cap Group Inc292554AM4NOTE 3.250%10/0–$9.69M0.4%–––
BHCBausch Health Companies Inc.Stock1,190,809$9.60M0.4%−245,978−17.1%ReducedHistory
Two HBRS Invt Corp90187BAB7NOTE 6.250% 1/1–$9.13M0.3%–––
Repligen Corp759916AD1NOTE 1.000%12/1–$9.03M0.3%–New–
SIRISirius XM Holdings Inc.COMMON STOCK376,735$8.59M0.3%−799,987−68.0%ReducedHistory
NCMINational CineMedia, Inc.COM NEW1,242,084$8.25M0.3%−148,783−10.7%ReducedHistory
Omeros Corp682143AG7NOTE 5.250% 2/1–$8.20M0.3%–––
Beyond Meat, Inc.08862EAB5NOTE 3/1–$7.62M0.3%–––
HDRNHadron Energy, Inc.ORD SHS CL A760,000$7.60M0.3%+760,000NewHistory
Oatly Group AB67421JAC2NOTE 9.250% 9/1–$7.40M0.3%–––
Tpi Composites, Inc87266JAB0NOTE 5.250% 3/1–$7.33M0.3%–––
Upstart Hldgs Inc91680MAB3NOTE 0.250% 8/1–$7.11M0.3%–––
CYHCommunity Health Systems IncCOM2,300,111$6.88M0.3%+837,338+57.2%AddedHistory
Cree Inc225447AD3NOTE 1.750% 5/0–$6.76M0.2%–––
GTGoodyear Tire & Rubber CoCOM700,055$6.30M0.2%+7,027+1.0%AddedHistory
Groupon, Inc.399473AH0NOTE 6.250% 3/1–$6.00M0.2%–New–
CSTMConstellium SECL A SHS552,284$5.67M0.2%+105,000+23.5%AddedHistory
SVCService Properties TrustCOM SH BEN INT2,144,899$5.45M0.2%+1,504,297+234.8%AddedHistory
Gossamer Bio, Inc.38341PAA0NOTE 5.000% 6/0–$5.40M0.2%–––
SIMASIM Acquisition Corp. ISHS CL A500,000$5.02M0.2%+500,000NewHistory
Exact Sciences Corp30063PAA3NOTE 1.000% 1/1–$4.98M0.2%–New–
AA Mission Acquisition Corp.G1000R101ORD SHS CL A450,000$4.54M0.2%00.0%Unchanged–
Liberty Media Corp530715AG6DEB 4.000%11/1–$4.51M0.2%–––
Cohen Circle Acquisition CorG3730H106SHS CL A450,000$4.50M0.2%+450,000New–
NIO Inc.62914VAJ5NOTE 3.875%10/1–$4.40M0.2%–––
Redfin Corp75737FAE8NOTE 0.500% 4/0–$4.36M0.2%–––
GMGeneral Motors CoCOM75,798$4.04M0.1%−84,978−52.9%ReducedHistory
IMSRTerrestrial Energy Inc.SHS CL A400,000$4.01M0.1%+400,000NewHistory
Willow Lane Acquisition Corp.G9675P128UNIT 99/99/9999400,000$3.99M0.1%+400,000New–
DRDBURoman DBDR Acquisition Corp. IIUNIT 99/99/9999400,000$3.99M0.1%+400,000NewHistory
CHARCharlton Aria Acquisition CorpORD SHS CL A399,000$3.97M0.1%+399,000NewHistory
BEAGBold Eagle Acquisition Corp.CL A400,000$3.95M0.1%+400,000NewHistory
NOEMUCO2 Energy Transition Corp.UNIT 99/99/9999390,000$3.91M0.1%+390,000NewHistory
DSMBNY Mellon Strategic Municipal Bond Fund, Inc.COM619,946$3.60M0.1%+427,819+222.7%AddedHistory
LPBBULaunch Two Acquisition Corp.UNIT 08/22/2029350,000$3.52M0.1%+350,000NewHistory
THCTenet Healthcare CorpCOM NEW25,902$3.27M0.1%+4,500+21.0%AddedHistory
CARAvis Budget Group, Inc.COM39,733$3.20M0.1%+6,730+20.4%AddedHistory
Veritone, Inc.92347MAB6NOTE 1.750%11/1–$3.06M0.1%–––
FTWPresidio Production CoCL A ORD SHS300,000$2.99M0.1%+300,000NewHistory
TAVITavia Acquisition Corp.SHS300,000$2.97M0.1%+300,000NewHistory

Options (20)

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 Q4 2024
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$410.3M–
SPDR Series Trust78468R556SP O&G EXPL PRO$72.8M–
KKRKKR & Co. Inc.COM$66.6M–
VanEck ETF Trust92189H607OIL SERVICES ETF$40.7M–
AAPLApple Inc.Stock$37.6M–
LUMNLumen Technologies, Inc.Stock$25.5M–
RIVNRivian Automotive, Inc.Stock$19.9M–
MARAMARA Holdings, Inc.COM$18.4M–
WOLFWolfspeed, Inc.Stock$13.3M–
RUNSunrun Inc.COM$11.6M–
HLFHerbalife Ltd.COM SHS$11.4M–
AMCAMC Entertainment Holdings, Inc.CL A NEW$8.76M–
AALAmerican Airlines Group Inc.Stock$8.71M–
BYNDBeyond Meat, Inc.COM$7.34M–
iShares Inc464286400MSCI BRAZIL ETF$4.50M–
JBLUJetBlue Airways CorpCOM–$3.93M
NIONIO Inc.ADR$2.18M–
MPTMedical Properties Trust IncCOM$1.98M–
Azul S A05501U106SPONSR ADR PFD$1.67M–
WWWW International, Inc.COM$254.0K–

Sold out since Q3 2024 (101)

Positions held at the end of Q3 2024 that are gone from this filing.

The largest 100 of 101 by value last quarter.

Positions of Whitebox Advisors LLC sold out since Q3 2024
SecurityClassShares in Q3 2024Value in Q3 2024% of portfolio in Q3 2024History
Wayfair Inc.94419LAP6NOTE 3.250% 9/1–$36.4M1.6%–
Esperion Therapeutics Inc Ne29664WAB1NOTE 4.000%11/1–$22.6M1.0%–
World Kinect Corp98149GAB6NOTE 3.250% 7/0–$19.5M0.8%–
ProShares Bitcoin ETF74347G440ETF697,042$13.4M0.6%–
Zscaler, Inc.98980GAB8NOTE 0.125% 7/0–$10.6M0.5%–
Marathon Digital Holdings IN565788AB2NOTE 1.000%12/0–$9.52M0.4%–
Hadron Energy, Inc.G38648112UNIT 99/99/9999760,000$7.58M0.3%–
Groupon, Inc.399473AF4NOTE 1.125% 3/1–$6.52M0.3%–
EQCEQC Liquidating TrustCOM SH BEN INT264,626$5.27M0.2%History
SIMAUSIM Acquisition Corp. IUNIT 06/17/2029500,000$5.02M0.2%History
HCM II Acquisition CorpG43658114UNIT 99/99/9999400,000$4.00M0.2%–
Presidio MidCo Inc.G3106N125UNIT 99/99/9999300,000$2.98M0.1%–
Spirit Airls Inc848577AB8NOTE 1.000% 5/1–$2.89M0.1%–
Bilibili Inc.090040AF3NOTE 0.500%12/0–$2.67M0.1%–
Graf Global Corp.G4036C114UNIT 05/31/2032250,000$2.51M0.1%–
LPAAULaunch One Acquisition Corp.UNIT 99/99/9999250,000$2.50M0.1%History
Black Spade Acquisition II CG1153L125UNIT 02/15/2029250,000$2.49M0.1%–
VRNSVaronis Systems IncCOM35,500$2.01M0.1%History
VLOSUVelos Acquisition I Corp.UNIT 99/99/9999150,000$1.50M0.1%History
Voyager Acquisition CorpG93A7H120UNIT 99/99/9999150,000$1.50M0.1%–
BOXBox IncCL A44,300$1.45M0.1%History
NXJNuveen New Jersey Quality Municipal Income FundCOM101,909$1.33M0.1%History
TAT&T Inc.Stock55,713$1.23M0.1%History
CUBWULionheart HoldingsUNIT 99/99/9999100,000$1.02M<0.1%History
ELBMElectra Battery Materials CorpCOM NEW1,759,703$1.00M<0.1%History
KVACFKeen Vision Acquisition Corp.SHS75,000$807.0K<0.1%History
EBSEmergent BioSolutions Inc.COM40,427$337.6K<0.1%History
QETAQuetta Acquisition CorpCOM30,000$312.0K<0.1%History
AI Transn Acquisition CorpG01490112ORD SHS20,000$209.6K<0.1%–
TSEOQTrinseo PLCCOM39,146$200.0K<0.1%History
NOMNuveen Missouri Quality Municipal Income FundCOM14,718$162.4K<0.1%History
NAZNuveen Arizona Quality Municipal Income FundCOM11,133$131.6K<0.1%History
ESPREsperion Therapeutics, Inc.COM30,182$49.8K<0.1%History
Burtech Acquisition Corp123013112*W EXP 12/18/202225,000$45.0K<0.1%–
United Homes Group, Inc.91060H116*W EXP 01/28/20225,000$25.0K<0.1%–
PSNYWPolestar Automotive Holding UK PLCADS C-175,000$22.5K<0.1%History
Inception Growth Acqustn Ltd45333D120RIGHT 12/08/2026175,000$21.0K<0.1%–
Nova Vision Acquisition CorpG6759A134RIGHT 12/23/202380,000$19.6K<0.1%–
Rigel Resource Acq CorpG7573M114*W EXP 99/99/99950,000$17.5K<0.1%–
Northview Acquisition Corp66718N129RIGHT 99/99/9999250,000$12.8K<0.1%–
FLDDWFold Holdings, Inc.*W EXP 10/19/20250,000$10.0K<0.1%History
Vision Sensing Acquisition C92838J111*W EXP 10/21/202225,000$9.83K<0.1%–
Thunder BRDG Cap Prtnrs IV I88605L115*W EXP 04/30/20253,800$7.11K<0.1%–
APx Acquisition Corp. IG0440J125*W EXP 11/30/202125,000$6.25K<0.1%–
iLearningEngines, Inc.45175Q114*W EXP 04/16/20223,000$6.09K<0.1%–
Northview Acquisition Corp66718N111*W EXP 08/02/202125,000$4.69K<0.1%–
Insight Acquisition Corp45784L118*W EXP 08/26/20275,000$3.83K<0.1%–
DUET Acquisition Corp.26431Q114*W EXP 07/19/202195,100$3.80K<0.1%–
HHG Capital CorpG4R23P145RIGHT 02/25/202655,000$3.75K<0.1%–
Gores Holdings IX, Inc.38287A119*W EXP 01/14/20250,000$3.75K<0.1%–
Fortune Rise Acquisition Cor34969G110*W EXP 12/06/202137,500$3.74K<0.1%–
ExcelFin Acquisition Corp.30069X110*W EXP 10/25/20225,000$3.73K<0.1%–
Nova Vision Acquisition CorpG6759A118*W EXP 12/31/20280,000$3.60K<0.1%–
Inception Growth Acqustn Ltd45333D112*W EXP 10/15/20287,500$3.51K<0.1%–
bleuacacia ltdG11728139RIGHT 10/30/2026100,000$3.12K<0.1%–
Everest Consolidator Acq Cor29978K110*W EXP 99/99/999100,000$2.97K<0.1%–
Target Global Acquisi I CorpG8675N125*W EXP 12/08/20233,333$2.50K<0.1%–
SDCL EDGE Acquisition CorpG79471127*W EXP 99/99/99925,000$2.50K<0.1%–
AIIOWRobo.ai Inc.*W EXP 12/31/20250,000$2.38K<0.1%History
CDTTWCDT Equity Inc.*W EXP 09/22/202200,000$2.36K<0.1%History
BNAIWBrand Engagement Network Inc.*W EXP 03/14/20230,666$2.15K<0.1%History
IXQWFIX Acquisition Corp.*W EXP 07/31/20225,000$1.95K<0.1%History
Roth CH Acquisition V Co.77867R118*W EXP 12/10/20237,500$1.77K<0.1%–
Blockchain Coinvstrs Acq CRPG11765115*W EXP 11/01/20275,000$1.72K<0.1%–
Swiftmerge Acquisition CorpG63836111*W EXP 12/13/20225,000$1.70K<0.1%–
GCT Semiconductor Hldg Inc36170N115*W EXP 03/01/20212,500$1.63K<0.1%–
APLMWApollomics Inc.*W EXP 04/01/202200,000$1.62K<0.1%History
Cartica Acquisition CorpG1995D117*W EXP 04/30/20210,000$1.60K<0.1%–
Pyrophyte Acquisition Corp.G7308P127*W EXP 05/03/20225,000$1.50K<0.1%–
Bolt Projs Hldgs Inc09769B115*W EXP 08/13/20223,000$1.38K<0.1%–
Focus Impact Acquisition Cor34417L117*W EXP 10/28/20237,500$1.36K<0.1%–
bleuacacia ltdG11728113*W EXP 10/30/20250,000$1.36K<0.1%–
ATEKWAthena Technology Acquisition Corp. II*W EXP 10/17/20250,000$1.32K<0.1%History
RCF Acquisition CorpG7330C110*W EXP 99/99/99925,000$1.26K<0.1%–
Healthcare AI Acquisition Corp.G4373K117*W EXP 99/99/99950,000$1.25K<0.1%–
Blue Ocean Acquisition CorpG1330L121*W EXP 12/02/20275,000$1.21K<0.1%–
XAGEWLongevity Health Holdings, Inc.Warrant18,750$1.13K<0.1%History
Captivision Inc.G18932114*W EXP 11/15/20237,500$1.13K<0.1%–
Crixus BH3 Acquisition Co22677T110*W EXP 10/04/20225,370$1.05K<0.1%–
Battery Future Acquisition CG0888J124*W EXP 99/99/99950,000$1.00K<0.1%–
Finnovate Acquisition Corp.G3R34K111*W EXP 99/99/99945,000$900<0.1%–
Tlgy Acquisition CorpG8656T125*W EXP 11/09/20237,500$900<0.1%–
ZPTAWZapata Quantum, Inc.*W EXP 99/99/99925,000$893<0.1%History
Pearl Holdings Acquisitn CorG44525114*W EXP 12/15/20225,000$778<0.1%–
Papaya GRWT Opportunity Corp69882P110*W EXP 12/31/20225,000$760<0.1%–
Investcorp India Acquistn CoG49219127*W EXP 06/01/20212,500$750<0.1%–
Bukit Jalil GBL AcquisitionG1676M113*W EXP 05/02/20225,000$750<0.1%–
ECXWWECARX Holdings Inc.*W EXP 12/20/20234,500$735<0.1%History
AEAEWAltEnergy Acquisition Corp*W EXP 10/29/20262,500$700<0.1%History
Global Technolgy Acqstn CorpG3934N115*W EXP 10/19/20212,500$635<0.1%–
Eve Mobility Acquisition CorG3218G117*W EXP 12/31/20212,500$588<0.1%–
Atlantic Coastal Aqstn Corp04845A116*W EXP 01/13/20212,500$575<0.1%–
SVUWFSRIVARU Holding Ltd*W EXP 12/08/20235,000$525<0.1%History
Inspirato Inc45791E115EQUITY WRT30,000$516<0.1%–
Carbon Revolution LtdG1893D110*W EXP 99/99/99915,333$501<0.1%–
Mountain & Co I Acquisitn CoG6301J112*W EXP 09/30/20250,000$500<0.1%–
HHG Capital CorpG4R23P129*W EXP 02/25/20255,000$336<0.1%–
Banyan Acquisition Corporati06690B115*W EXP 09/30/20227,500$297<0.1%–
Investcorp Europe AcquisitioG4923T113*W EXP 12/15/20225,000$258<0.1%–
CTSWFCactus Acquisition Corp. 1 Ltd*W EXP 08/17/20210,000$234<0.1%History