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Livermore
Livermore
ZHEN

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
AMCAMC Entertainment Holdings, Inc.CL A NEW71,686$285.3K<0.1%+71,686NewHistory
OPIOffice Properties Income TrustCOM SHS BEN INT291,197$291.1K<0.1%+133,551+84.7%AddedHistory
CXHMFS Investment Grade Municipal TrustSH BEN INT49,454$395.1K<0.1%00.0%UnchangedHistory
HTZWWHertz Global Holdings, IncCommon Stock228,088$490.4K<0.1%−287,026−55.7%ReducedHistory
DTSQDT Cloud Star Acquisition CorpSHS50,000$503.5K<0.1%00.0%UnchangedHistory
FMNFederated Hermes Premier Municipal Income FundCOM46,426$506.5K<0.1%+46,426NewHistory
HYACHaymaker Acquisition Corp VCLASS A50,000$538.5K<0.1%00.0%UnchangedHistory
Simplify Exchange Traded Fun82889N525MBS ETF11,306$561.8K<0.1%+11,306New–
NNNextnav Inc.COMMON STOCK36,299$564.8K<0.1%−35,700−49.6%ReducedHistory
VODVodafone Group Public Ltd CoADR90,585$769.1K<0.1%00.0%UnchangedHistory
NACNuveen California Quality Municipal Income FundCOM72,679$820.5K<0.1%−719,024−90.8%ReducedHistory
CXEMFS High Income Municipal TrustSH BEN INT229,223$843.5K<0.1%+112,598+96.5%AddedHistory
Cutera Inc232109AG3NOTE 4.000% 6/0–$883.1K<0.1%–––
Azul S A05501U106SPONSR ADR PFD559,775$934.8K<0.1%+157,000+39.0%Added–
CUBLionheart HoldingsSHS CL A100,000$1.01M<0.1%+100,000NewHistory
MUEBlackRock Muniholdings Quality Fund II, Inc.COM101,047$1.01M<0.1%00.0%UnchangedHistory
RRyder System IncCOM6,514$1.02M<0.1%−3,500−35.0%ReducedHistory
FVNNUFuture Vision II Acquisition Corp.UNIT 06/20/2029100,000$1.05M<0.1%00.0%UnchangedHistory
DT Cloud Acquisition CorpG28524117ORD SHS107,306$1.12M<0.1%00.0%Unchanged–
Sunnova Energy Intl Inc.86745KAH7NOTE 2.625% 2/1–$1.22M<0.1%–––
AFBAlliancebernstein National Municipal Income FundCOM113,955$1.24M<0.1%00.0%UnchangedHistory
CAPNUCayson Acquisition CorpUNIT 99/99/9999125,000$1.26M<0.1%00.0%UnchangedHistory
BKHABlack Hawk Acquisition CorpUSD CL A SHS125,000$1.30M<0.1%00.0%UnchangedHistory
NQPNuveen Pennsylvania Quality Municipal Income FundCOM128,019$1.43M0.1%−11,435−8.2%ReducedHistory
Voyager Acquisition CorpG93A7H104CL A150,000$1.50M0.1%+150,000New–
VLOSVelos Acquisition I Corp.CL A150,000$1.51M0.1%+150,000NewHistory
WHRWhirlpool CorpStock13,350$1.53M0.1%+13,350NewHistory
MHNBlackRock Muniholdings New York Quality Fund, Inc.COM147,993$1.53M0.1%00.0%UnchangedHistory
UCFICN Healthy Food Tech Group Corp.COM150,000$1.54M0.1%00.0%UnchangedHistory
BlackRock New York Municipal Income Trust09248L106SH BEN INT155,471$1.58M0.1%+72,954+88.4%Added–
HOUSAnywhere Real Estate Inc.COM483,489$1.60M0.1%+85,000+21.3%AddedHistory
Paramount Global92556H206CL B158,723$1.66M0.1%−5,000−3.1%Reduced–
KSSKOHLS CorpStock123,320$1.73M0.1%+60,550+96.5%AddedHistory
Jackson Acquisition Co IIG4992A201UNIT 99/99/9999175,000$1.76M0.1%+175,000New–
MERCMercer International Inc.COM284,014$1.85M0.1%+30,000+11.8%AddedHistory
Faro Technologies Inc311642AB8NOTE 5.500% 2/0–$1.98M0.1%–––
POLEUAndretti Acquisition Corp. IIUNIT 99/99/9999200,000$2.01M0.1%00.0%UnchangedHistory
WBDWarner Bros. Discovery, Inc.Stock191,832$2.03M0.1%−70,000−26.7%ReducedHistory
SBIWestern Asset Intermediate Muni Fund Inc.COM271,438$2.10M0.1%+100,000+58.3%AddedHistory
MBIMbia IncCOM344,431$2.23M0.1%−500,000−59.2%ReducedHistory
DMBBNY Mellon Municipal Bond Infrastructure Fund, Inc.COM SHS225,910$2.34M0.1%+100,000+79.4%AddedHistory
JWNNordstrom IncStock96,957$2.34M0.1%−12,000−11.0%ReducedHistory
HC2 Hldgs Inc404139AG2NOTE 7.500% 8/0–$2.39M0.1%–––
VMOInvesco Municipal Opportunity TrustCOM254,394$2.47M0.1%00.0%UnchangedHistory
BSIIBlack Spade Acquisition II CoCL A250,000$2.48M0.1%+250,000NewHistory
FACTUFACT II Acquisition Corp.UNIT 99/99/9999250,000$2.50M0.1%+250,000NewHistory
LPAALaunch One Acquisition Corp.SHS CLASS A250,000$2.51M0.1%+250,000NewHistory
TONTGraf Global Corp.ORD SHS CL A250,000$2.52M0.1%+250,000NewHistory
OACCUOaktree Acquisition Corp. III Life SciencesUNIT 10/04/2029250,000$2.53M0.1%+250,000NewHistory
CCOClear Channel Outdoor Holdings, Inc.COM1,854,586$2.54M0.1%+47,100+2.6%AddedHistory
TGNATegna IncCOM142,703$2.61M0.1%+117,203+459.6%AddedHistory
Vine Hill Cap Invt Corp.G93Y09123UNIT 09/06/2026265,000$2.67M0.1%00.0%Unchanged–
Cardlytics, Inc.14161WAB1NOTE 1.000% 9/1–$2.68M0.1%–––
TAVITavia Acquisition Corp.SHS300,000$2.97M0.1%+300,000NewHistory
FTWPresidio Production CoCL A ORD SHS300,000$2.99M0.1%+300,000NewHistory
Veritone, Inc.92347MAB6NOTE 1.750%11/1–$3.06M0.1%–––
CARAvis Budget Group, Inc.COM39,733$3.20M0.1%+6,730+20.4%AddedHistory
THCTenet Healthcare CorpCOM NEW25,902$3.27M0.1%+4,500+21.0%AddedHistory
LPBBULaunch Two Acquisition Corp.UNIT 08/22/2029350,000$3.52M0.1%+350,000NewHistory
DSMBNY Mellon Strategic Municipal Bond Fund, Inc.COM619,946$3.60M0.1%+427,819+222.7%AddedHistory
NOEMUCO2 Energy Transition Corp.UNIT 99/99/9999390,000$3.91M0.1%+390,000NewHistory
BEAGBold Eagle Acquisition Corp.CL A400,000$3.95M0.1%+400,000NewHistory
CHARCharlton Aria Acquisition CorpORD SHS CL A399,000$3.97M0.1%+399,000NewHistory
DRDBURoman DBDR Acquisition Corp. IIUNIT 99/99/9999400,000$3.99M0.1%+400,000NewHistory
Willow Lane Acquisition Corp.G9675P128UNIT 99/99/9999400,000$3.99M0.1%+400,000New–
IMSRTerrestrial Energy Inc.SHS CL A400,000$4.01M0.1%+400,000NewHistory
GMGeneral Motors CoCOM75,798$4.04M0.1%−84,978−52.9%ReducedHistory
Redfin Corp75737FAE8NOTE 0.500% 4/0–$4.36M0.2%–––
NIO Inc.62914VAJ5NOTE 3.875%10/1–$4.40M0.2%–––
Cohen Circle Acquisition CorG3730H106SHS CL A450,000$4.50M0.2%+450,000New–
Liberty Media Corp530715AG6DEB 4.000%11/1–$4.51M0.2%–––
AA Mission Acquisition Corp.G1000R101ORD SHS CL A450,000$4.54M0.2%00.0%Unchanged–
Exact Sciences Corp30063PAA3NOTE 1.000% 1/1–$4.98M0.2%–New–
SIMASIM Acquisition Corp. ISHS CL A500,000$5.02M0.2%+500,000NewHistory
Gossamer Bio, Inc.38341PAA0NOTE 5.000% 6/0–$5.40M0.2%–––
SVCService Properties TrustCOM SH BEN INT2,144,899$5.45M0.2%+1,504,297+234.8%AddedHistory
CSTMConstellium SECL A SHS552,284$5.67M0.2%+105,000+23.5%AddedHistory
Groupon, Inc.399473AH0NOTE 6.250% 3/1–$6.00M0.2%–New–
GTGoodyear Tire & Rubber CoCOM700,055$6.30M0.2%+7,027+1.0%AddedHistory
Cree Inc225447AD3NOTE 1.750% 5/0–$6.76M0.2%–––
CYHCommunity Health Systems IncCOM2,300,111$6.88M0.3%+837,338+57.2%AddedHistory
Upstart Hldgs Inc91680MAB3NOTE 0.250% 8/1–$7.11M0.3%–––
Tpi Composites, Inc87266JAB0NOTE 5.250% 3/1–$7.33M0.3%–––
Oatly Group AB67421JAC2NOTE 9.250% 9/1–$7.40M0.3%–––
HDRNHadron Energy, Inc.ORD SHS CL A760,000$7.60M0.3%+760,000NewHistory
Beyond Meat, Inc.08862EAB5NOTE 3/1–$7.62M0.3%–––
Omeros Corp682143AG7NOTE 5.250% 2/1–$8.20M0.3%–––
NCMINational CineMedia, Inc.COM NEW1,242,084$8.25M0.3%−148,783−10.7%ReducedHistory
SIRISirius XM Holdings Inc.COMMON STOCK376,735$8.59M0.3%−799,987−68.0%ReducedHistory
Repligen Corp759916AD1NOTE 1.000%12/1–$9.03M0.3%–New–
Two HBRS Invt Corp90187BAB7NOTE 6.250% 1/1–$9.13M0.3%–––
BHCBausch Health Companies Inc.Stock1,190,809$9.60M0.4%−245,978−17.1%ReducedHistory
Encore Cap Group Inc292554AM4NOTE 3.250%10/0–$9.69M0.4%–––
PureCycle Technologies, Inc.74623VAB9NOTE 7.250% 8/1–$9.80M0.4%–New–
ACIAlbertsons Companies, Inc.COMMON STOCK503,831$9.90M0.4%−853,851−62.9%ReducedHistory
Vishay Intertechnology Inc928298AR9NOTE 2.250% 9/1–$10.3M0.4%–––
DCHDauch CorpCOM1,892,723$11.0M0.4%+477,550+33.7%AddedHistory
NENoble Corp plcORD SHS A365,083$11.5M0.4%00.0%UnchangedHistory
Spirit Aerosystems Inc85205TAQ3NOTE 3.250%11/0–$11.8M0.4%–New–
Luminar Technologies, Inc.550424AE5DEBT 11.500% 1/1–$11.9M0.4%–––

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