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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
Cardlytics, Inc.14161WAB1NOTE 1.000% 9/1–$2.68M0.1%–––
Vine Hill Cap Invt Corp.G93Y09123UNIT 09/06/2026265,000$2.67M0.1%00.0%Unchanged–
TGNATegna IncCOM142,703$2.61M0.1%+117,203+459.6%AddedHistory
CCOClear Channel Outdoor Holdings, Inc.COM1,854,586$2.54M0.1%+47,100+2.6%AddedHistory
OACCUOaktree Acquisition Corp. III Life SciencesUNIT 10/04/2029250,000$2.53M0.1%+250,000NewHistory
TONTGraf Global Corp.ORD SHS CL A250,000$2.52M0.1%+250,000NewHistory
LPAALaunch One Acquisition Corp.SHS CLASS A250,000$2.51M0.1%+250,000NewHistory
FACTUFACT II Acquisition Corp.UNIT 99/99/9999250,000$2.50M0.1%+250,000NewHistory
BSIIBlack Spade Acquisition II CoCL A250,000$2.48M0.1%+250,000NewHistory
VMOInvesco Municipal Opportunity TrustCOM254,394$2.47M0.1%00.0%UnchangedHistory
HC2 Hldgs Inc404139AG2NOTE 7.500% 8/0–$2.39M0.1%–––
JWNNordstrom IncStock96,957$2.34M0.1%−12,000−11.0%ReducedHistory
DMBBNY Mellon Municipal Bond Infrastructure Fund, Inc.COM SHS225,910$2.34M0.1%+100,000+79.4%AddedHistory
MBIMbia IncCOM344,431$2.23M0.1%−500,000−59.2%ReducedHistory
SBIWestern Asset Intermediate Muni Fund Inc.COM271,438$2.10M0.1%+100,000+58.3%AddedHistory
WBDWarner Bros. Discovery, Inc.Stock191,832$2.03M0.1%−70,000−26.7%ReducedHistory
POLEUAndretti Acquisition Corp. IIUNIT 99/99/9999200,000$2.01M0.1%00.0%UnchangedHistory
Faro Technologies Inc311642AB8NOTE 5.500% 2/0–$1.98M0.1%–––
MERCMercer International Inc.COM284,014$1.85M0.1%+30,000+11.8%AddedHistory
Jackson Acquisition Co IIG4992A201UNIT 99/99/9999175,000$1.76M0.1%+175,000New–
KSSKOHLS CorpStock123,320$1.73M0.1%+60,550+96.5%AddedHistory
Paramount Global92556H206CL B158,723$1.66M0.1%−5,000−3.1%Reduced–
HOUSAnywhere Real Estate Inc.COM483,489$1.60M0.1%+85,000+21.3%AddedHistory
BlackRock New York Municipal Income Trust09248L106SH BEN INT155,471$1.58M0.1%+72,954+88.4%Added–
UCFICN Healthy Food Tech Group Corp.COM150,000$1.54M0.1%00.0%UnchangedHistory
MHNBlackRock Muniholdings New York Quality Fund, Inc.COM147,993$1.53M0.1%00.0%UnchangedHistory
WHRWhirlpool CorpStock13,350$1.53M0.1%+13,350NewHistory
VLOSVelos Acquisition I Corp.CL A150,000$1.51M0.1%+150,000NewHistory
Voyager Acquisition CorpG93A7H104CL A150,000$1.50M0.1%+150,000New–
NQPNuveen Pennsylvania Quality Municipal Income FundCOM128,019$1.43M0.1%−11,435−8.2%ReducedHistory
BKHABlack Hawk Acquisition CorpUSD CL A SHS125,000$1.30M<0.1%00.0%UnchangedHistory
CAPNUCayson Acquisition CorpUNIT 99/99/9999125,000$1.26M<0.1%00.0%UnchangedHistory
AFBAlliancebernstein National Municipal Income FundCOM113,955$1.24M<0.1%00.0%UnchangedHistory
Sunnova Energy Intl Inc.86745KAH7NOTE 2.625% 2/1–$1.22M<0.1%–––
DT Cloud Acquisition CorpG28524117ORD SHS107,306$1.12M<0.1%00.0%Unchanged–
FVNNUFuture Vision II Acquisition Corp.UNIT 06/20/2029100,000$1.05M<0.1%00.0%UnchangedHistory
RRyder System IncCOM6,514$1.02M<0.1%−3,500−35.0%ReducedHistory
MUEBlackRock Muniholdings Quality Fund II, Inc.COM101,047$1.01M<0.1%00.0%UnchangedHistory
CUBLionheart HoldingsSHS CL A100,000$1.01M<0.1%+100,000NewHistory
Azul S A05501U106SPONSR ADR PFD559,775$934.8K<0.1%+157,000+39.0%Added–
Cutera Inc232109AG3NOTE 4.000% 6/0–$883.1K<0.1%–––
CXEMFS High Income Municipal TrustSH BEN INT229,223$843.5K<0.1%+112,598+96.5%AddedHistory
NACNuveen California Quality Municipal Income FundCOM72,679$820.5K<0.1%−719,024−90.8%ReducedHistory
VODVodafone Group Public Ltd CoADR90,585$769.1K<0.1%00.0%UnchangedHistory
NNNextnav Inc.COMMON STOCK36,299$564.8K<0.1%−35,700−49.6%ReducedHistory
Simplify Exchange Traded Fun82889N525MBS ETF11,306$561.8K<0.1%+11,306New–
HYACHaymaker Acquisition Corp VCLASS A50,000$538.5K<0.1%00.0%UnchangedHistory
FMNFederated Hermes Premier Municipal Income FundCOM46,426$506.5K<0.1%+46,426NewHistory
DTSQDT Cloud Star Acquisition CorpSHS50,000$503.5K<0.1%00.0%UnchangedHistory
HTZWWHertz Global Holdings, IncCommon Stock228,088$490.4K<0.1%−287,026−55.7%ReducedHistory
CXHMFS Investment Grade Municipal TrustSH BEN INT49,454$395.1K<0.1%00.0%UnchangedHistory
OPIOffice Properties Income TrustCOM SHS BEN INT291,197$291.1K<0.1%+133,551+84.7%AddedHistory
AMCAMC Entertainment Holdings, Inc.CL A NEW71,686$285.3K<0.1%+71,686NewHistory
MGMMGM Resorts InternationalStock7,912$274.2K<0.1%+250+3.3%AddedHistory
CVSCVS Health CorpStock5,550$249.1K<0.1%+5,550NewHistory
FAROFaro Technologies IncCOM8,113$205.7K<0.1%+8,113NewHistory
HTZHertz Global Holdings, IncCOM NEW50,440$184.6K<0.1%+50,440NewHistory
ULYXUrgent.ly Inc.COM278,189$141.9K<0.1%00.0%UnchangedHistory
OCSAWOculis Holding AG*W EXP 03/06/20216,833$90.7K<0.1%00.0%UnchangedHistory
BEAGRBold Eagle Acquisition Corp.RIGHT 10/11/2029400,000$90.0K<0.1%+400,000NewHistory
Bigbear AI Hldgs Inc08975B117*W EXP 99/99/99954,069$86.0K<0.1%−14,700−21.4%Reduced–
BYNDBeyond Meat, Inc.COM20,557$77.3K<0.1%+20,557NewHistory
Cohen Circle Acquisition CorG3730H114*W EXP 01/31/202150,000$67.3K<0.1%+150,000New–
SK Growth Opportunities CorpG8192N111*W EXP 06/28/202100,000$60.0K<0.1%00.0%Unchanged–
CHARRCharlton Aria Acquisition CorpRIGHT 12/31/2026399,000$59.9K<0.1%+399,000NewHistory
AIRJWAirJoule Technologies Corp.*W EXP 03/15/20250,000$55.0K<0.1%00.0%UnchangedHistory
VGASWVerde Clean Fuels, Inc.*W EXP 02/15/202190,419$53.3K<0.1%00.0%UnchangedHistory
HDRNWHadron Energy, Inc.*W EXP 08/29/202804,500$52.3K<0.1%+804,500NewHistory
AISPWAirship AI Holdings, Inc.*W EXP 12/21/20221,750$44.6K<0.1%−1,250−5.4%ReducedHistory
Iron Horse Acquisitions Corp462837121RIGHT 99/99/9999150,000$41.7K<0.1%00.0%Unchanged–
TAVIRTavia Acquisition Corp.RIGHT 11/26/2029300,000$36.0K<0.1%+300,000NewHistory
Eqv Ventures Acquisition CorG3106N117*W EXP 07/01/20399,997$36.0K<0.1%+99,997New–
LPAAWLaunch One Acquisition Corp.*W EXP 06/01/203255,571$34.5K<0.1%+255,571NewHistory
RZLVWRezolve AI PLC*W EXP 08/15/20246,500$34.2K<0.1%−3,500−7.0%ReducedHistory
Black Spade Acquisition II CG1153L117*W EXP 02/15/20283,333$34.2K<0.1%+83,333New–
AA Mission Acquisition Corp.G1000R127*W EXP 08/01/203475,000$33.3K<0.1%+250,000+111.1%Added–
DRTSWAlpha Tau Medical Ltd.*W EXP 03/07/202146,256$30.7K<0.1%00.0%UnchangedHistory
ENGNWenGene Therapeutics Inc.*W EXP 10/31/20233,333$28.1K<0.1%00.0%UnchangedHistory
SIMAWSIM Acquisition Corp. I*W EXP 06/01/203250,000$27.0K<0.1%+250,000NewHistory
BKHARBlack Hawk Acquisition CorpRIGHT 06/20/202525,000$25.0K<0.1%00.0%UnchangedHistory
Spring Valley Acquistn CorpG83752116*W EXP 02/25/202464,261$24.1K<0.1%+464,261New–
Global Blockchain Acqui Corp37961B112RIGHT 05/09/2027225,000$23.8K<0.1%00.0%Unchanged–
Voyager Acquisition CorpG93A7H112*W EXP 05/16/203193,612$23.2K<0.1%+193,612New–
NUAIWNew ERA Energy & Digital, Inc.*W EXP 12/10/20234,875$16.7K<0.1%+34,875NewHistory
Graf Global Corp.G4036C122*W EXP 05/31/203125,000$16.3K<0.1%+125,000New–
DT Cloud Acquisition CorpG28524133RIGHT 02/14/2029107,306$16.1K<0.1%00.0%Unchanged–
CRMLWCritical Metals Corp.*W EXP 02/27/20269,750$16.0K<0.1%−5,250−7.0%ReducedHistory
Oak Woods Acquisition Corp67190B120RIGHT 03/23/202868,000$15.3K<0.1%00.0%Unchanged–
Digiasia Corp.G27617110*W EXP 04/02/202116,194$15.1K<0.1%−8,746−7.0%Reduced–
RF Acquisition Corp74954L120RIGHT 05/01/202895,000$14.8K<0.1%−5,000−5.0%Reduced–
Bitcoin Depot IN09174P113EQUITY WRT213,750$14.1K<0.1%−11,250−5.0%Reduced–
VLOSWVelos Acquisition I Corp.*W EXP 99/99/99975,000$13.5K<0.1%+75,000NewHistory
VSEEWVsee Health, Inc.*W EXP 99/99/999232,500$11.6K<0.1%−17,500−7.0%ReducedHistory
BRLSWBorealis Foods Inc.EQUITY WRT148,800$11.5K<0.1%−11,200−7.0%ReducedHistory
Gold Royalty Corp.38071H122*W EXP 05/31/20244,755$11.4K<0.1%00.0%Unchanged–
MOBXWMobix Labs, Inc*W EXP 12/21/20293,000$11.4K<0.1%−7,000−7.0%ReducedHistory
Distoken Acquisition CorpG27740136RIGHT 99/99/9999100,000$11.0K<0.1%00.0%Unchanged–
Global Blockchain Acqui Corp37961B120*W EXP 05/09/202225,000$10.9K<0.1%00.0%Unchanged–
NVNIWNvni Group Ltd*W EXP 11/01/202162,750$10.8K<0.1%−12,250−7.0%ReducedHistory
HOVRWNew Horizon Aircraft Ltd.*W EXP 99/99/999100,000$10.0K<0.1%00.0%UnchangedHistory

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