Whitebox Advisors LLC
- SEC CIK
- 0001257391
- Latest filing
- Aug 14, 2026
Holdings in Q1 2025
Holdings as of Mar 31, 2025, filed Aug 26, 2026. Long positions only; changes compare share counts with Q4 2024.
- Positions
- 288
- +35 vs. Q4 2024
- Portfolio value
- $3.04B
- +$320.1M (+11.8%) vs. Q4 2024
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Super Micro Computer, Inc.86800UAB0 | NOTE 3.500% 3/0 | 173,101,000 | $167.0M | 5.5% | +173,101,000 | New | – |
| Western Digital Corp958102AT2 | NOTE 3.000%11/1 | – | $155.7M | 5.1% | – | – | – |
| BERYBerry Global Group, Inc. | COM | 2,037,826 | $142.3M | 4.7% | +2,037,826 | New | History |
| EchoStar CORP278768AB2 | NOTE 3.875%11/3 | – | $133.5M | 4.4% | – | – | – |
| INSMED Inc457669AB5 | NOTE 0.750% 6/0 | – | $104.5M | 3.4% | – | – | – |
| LBRDKLiberty Broadband Corp | COM SER C | 998,615 | $84.9M | 2.8% | +103,920+11.6% | Added | History |
| Sea Ltd81141RAF7 | NOTE 2.375%12/0 | – | $82.6M | 2.7% | – | – | – |
| SPYSPDR S&P 500 ETF Trust | ETF | 136,000 | $76.1M | 2.5% | +136,000 | New | History |
| Bloom Energy Corp093712AK3 | NOTE 3.000% 6/0 | – | $72.0M | 2.4% | – | – | – |
| Coinbase Global, Inc.19260QAF4 | NOTE 0.250% 4/0 | – | $71.6M | 2.4% | – | New | – |
| Cinemark Hldgs Inc17243VAB8 | NOTE 4.500% 8/1 | – | $64.5M | 2.1% | – | – | – |
| CHXChampionX Corp | COM | 2,089,676 | $62.3M | 2.1% | +2,089,676 | New | History |
| Freshpet, Inc.358039AB1 | NOTE 3.000% 4/0 | – | $61.7M | 2.0% | – | – | – |
| Sphere Entertainment Co.55826TAB8 | NOTE 3.500%12/0 | – | $61.4M | 2.0% | – | – | – |
| American Airls Group Inc02376RAF9 | NOTE 6.500% 7/0 | – | $57.5M | 1.9% | – | – | – |
| Rivian Automotive, Inc.76954AAD5 | NOTE 3.625%10/1 | – | $50.0M | 1.6% | – | – | – |
| Lumentum Hldgs Inc55024UAH2 | NOTE 1.500%12/1 | – | $49.9M | 1.6% | – | – | – |
| TFPMTriple Flag Precious Metals Corp. | Stock | 2,532,700 | $48.5M | 1.6% | +231,072+10.0% | Added | History |
| Encore Cap Group Inc292554AP7 | NOTE 4.000% 3/1 | – | $45.7M | 1.5% | – | – | – |
| Wayfair Inc.94419LAR2 | NOTE 3.500%11/1 | – | $38.8M | 1.3% | – | – | – |
| On Semiconductor Corp682189AS4 | NOTE 5/0 | – | $38.6M | 1.3% | – | – | – |
| ITCIIntra-Cellular Therapies, Inc. | COM | 275,001 | $36.3M | 1.2% | +275,001 | New | History |
| Collegium Pharmaceutical, Inc19459JAC8 | NOTE 2.875% 2/1 | – | $35.7M | 1.2% | – | – | – |
| AZEKAZEK Co Inc. | CL A | 725,339 | $35.5M | 1.2% | +725,339 | New | History |
| Nextera Energy Cap Hldgs Inc65339KCY4 | NOTE 3.000% 3/0 | – | $35.0M | 1.2% | – | New | – |
| Array Technologies, Inc.04271TAB6 | NOTE 1.000%12/0 | – | $34.7M | 1.1% | – | – | – |
| Herbalife Ltd.42703MAF0 | NOTE 4.250% 6/1 | – | $32.1M | 1.1% | – | – | – |
| Coinbase Global, Inc.19260QAB3 | NOTE 0.500% 6/0 | – | $31.7M | 1.0% | – | – | – |
| HCI Group, Inc.40416EAF0 | NOTE 4.750% 6/0 | – | $30.2M | 1.0% | – | – | – |
| Evergy, Inc.30034WAD8 | NOTE 4.500%12/1 | – | $29.4M | 1.0% | – | – | – |
| LBRDALiberty Broadband Corp | COM SER A | 343,251 | $29.2M | 1.0% | +136,955+66.4% | Added | History |
| Tyler Tex Indpt SCH Dist902252AB1 | NOTE 0.250% 3/1 | – | $29.1M | 1.0% | – | – | – |
| Novavax Inc670002AD6 | NOTE 5.000%12/1 | – | $28.0M | 0.9% | – | – | – |
| Sunrun Inc.86771WAD7 | NOTE 4.000% 3/0 | – | $26.4M | 0.9% | – | New | – |
| Xometry, Inc.98423FAB5 | NOTE 1.000% 2/0 | – | $24.9M | 0.8% | – | – | – |
| GPORGulfport Energy Corp | COMMON SHARES | 134,636 | $24.8M | 0.8% | +19,040+16.5% | Added | History |
| HEI.AHeico Corp | CL A | 117,245 | $24.7M | 0.8% | −42,791−26.7% | Reduced | History |
| Xerox Holdings Corp98421MAE6 | NOTE 3.750% 3/1 | – | $24.3M | 0.8% | – | New | – |
| BLCOBausch & Lomb Corp | COMMON SHARES | 1,622,876 | $23.5M | 0.8% | +179,775+12.5% | Added | History |
| PTC Therapeutics, Inc.69366JAD3 | NOTE 1.500% 9/1 | – | $22.2M | 0.7% | – | – | – |
| Cryolife Inc228903AB6 | NOTE 4.250% 7/0 | – | $21.4M | 0.7% | – | – | – |
| PPLIPeople Inc | COM NEW | 455,932 | $20.9M | 0.7% | −483,327−51.5% | Reduced | History |
| Strategy Inc594972AL5 | NOTE 0.875% 3/1 | – | $19.8M | 0.7% | – | New | – |
| CHRDChord Energy Corp | COM NEW | 174,476 | $19.7M | 0.6% | −10,788−5.8% | Reduced | History |
| Nabors Inds Inc62957HAL9 | NOTE 1.750% 6/1 | – | $19.6M | 0.6% | – | – | – |
| Wayfair Inc.94419LAM3 | NOTE 0.625%10/0 | – | $19.4M | 0.6% | – | – | – |
| GRFSGrifols SA | SP ADR REP B NVT | 2,677,997 | $19.0M | 0.6% | −1,269,634−32.2% | Reduced | History |
| Zynex Inc98986MAD5 | NOTE 5.000% 5/1 | – | $18.6M | 0.6% | – | – | – |
| DCHDauch Corp | COM | 4,551,194 | $18.5M | 0.6% | +2,658,471+140.5% | Added | History |
| Wolfspeed, Inc.977852AD4 | NOTE 1.875%12/0 | – | $18.5M | 0.6% | – | – | – |
| Tandem Diabetes Care Inc875372AD6 | NOTE 1.500% 3/1 | – | $18.4M | 0.6% | – | New | – |
| VALValaris Ltd | CL A | 459,111 | $18.0M | 0.6% | 00.0% | Unchanged | History |
| NIO Inc.62914VAK2 | NOTE 4.625%10/1 | – | $18.0M | 0.6% | – | – | – |
| Semtech Corp816850AF8 | NOTE 1.625%11/0 | – | $17.2M | 0.6% | – | – | – |
| Lumentum Hldgs Inc55024UAD1 | NOTE 0.500%12/1 | – | $16.6M | 0.5% | – | – | – |
| LivaNova PLC53802LAB8 | NOTE 2.500% 3/1 | – | $15.5M | 0.5% | – | New | – |
| Five9, Inc.338307AF8 | NOTE 1.000% 3/1 | – | $14.5M | 0.5% | – | New | – |
| Canadian Solar Inc.136635AG4 | NOTE 2.500%10/0 | – | $13.9M | 0.5% | – | – | – |
| HESHess Corp | Stock | 83,669 | $13.4M | 0.4% | −23,896−22.2% | Reduced | History |
| Luminar Technologies, Inc.550424AE5 | DEBT 11.500% 1/1 | – | $13.0M | 0.4% | – | – | – |
| KKellanova | Stock | 141,650 | $11.7M | 0.4% | +141,650 | New | History |
| Liberty Media Corp530715AL5 | DEB 3.750% 2/1 | – | $10.9M | 0.4% | – | – | – |
| SVCService Properties Trust | COM SH BEN INT | 3,601,899 | $9.40M | 0.3% | +1,457,000+67.9% | Added | History |
| Carnival Corp Ltd.14365C103 | ADR | 527,561 | $9.25M | 0.3% | +527,561 | New | – |
| Two HBRS Invt Corp90187BAB7 | NOTE 6.250% 1/1 | – | $9.19M | 0.3% | – | – | – |
| PureCycle Technologies, Inc.74623VAB9 | NOTE 7.250% 8/1 | – | $8.91M | 0.3% | – | – | – |
| Transocean Ltd.893830BW8 | DEB 4.625% 9/3 | – | $8.84M | 0.3% | – | – | – |
| NENoble Corp plc | ORD SHS A | 365,083 | $8.65M | 0.3% | 00.0% | Unchanged | History |
| UPWheels Up Experience Inc. | COM CL A | 39,343,416 | $8.65M | 0.3% | −693,089−1.7% | Reduced | History |
| Repligen Corp759916AD1 | NOTE 1.000%12/1 | – | $8.62M | 0.3% | – | – | – |
| Omeros Corp682143AG7 | NOTE 5.250% 2/1 | – | $8.01M | 0.3% | – | – | – |
| ACIAlbertsons Companies, Inc. | COMMON STOCK | 363,623 | $8.00M | 0.3% | −140,208−27.8% | Reduced | History |
| Encore Cap Group Inc292554AM4 | NOTE 3.250%10/0 | – | $7.80M | 0.3% | – | – | – |
| HDRNHadron Energy, Inc. | ORD SHS CL A | 760,000 | $7.74M | 0.3% | 00.0% | Unchanged | History |
| CSTMConstellium SE | CL A SHS | 762,498 | $7.69M | 0.3% | +210,214+38.1% | Added | History |
| GTGoodyear Tire & Rubber Co | COM | 830,294 | $7.67M | 0.3% | +130,239+18.6% | Added | History |
| NVDANVIDIA Corp | Stock | 70,000 | $7.59M | 0.2% | +70,000 | New | History |
| FERAUFifth Era Acquisition Corp I | UNIT 99/99/9999 | 750,000 | $7.55M | 0.2% | +750,000 | New | History |
| NCMINational CineMedia, Inc. | COM NEW | 1,242,084 | $7.25M | 0.2% | 00.0% | Unchanged | History |
| Upstart Hldgs Inc91680MAB3 | NOTE 0.250% 8/1 | – | $7.08M | 0.2% | – | – | – |
| Oatly Group AB67421JAC2 | NOTE 9.250% 9/1 | – | $6.80M | 0.2% | – | – | – |
| Macom Tech Solutions Hldgs I55405YAB6 | NOTE 0.250% 3/1 | – | $6.61M | 0.2% | – | New | – |
| Groupon, Inc.399473AH0 | NOTE 6.250% 3/1 | – | $6.58M | 0.2% | – | – | – |
| CYHCommunity Health Systems Inc | COM | 2,335,094 | $6.30M | 0.2% | +34,983+1.5% | Added | History |
| KKRKKR & Co. Inc. | COM | 50,000 | $5.78M | 0.2% | +50,000 | New | History |
| Liberty Media Corp530715AG6 | DEB 4.000%11/1 | – | $5.78M | 0.2% | – | – | – |
| TGNATegna Inc | COM | 312,988 | $5.70M | 0.2% | +170,285+119.3% | Added | History |
| Gossamer Bio, Inc.38341PAA0 | NOTE 5.000% 6/0 | – | $5.60M | 0.2% | – | – | – |
| SIMASIM Acquisition Corp. I | SHS CL A | 500,000 | $5.11M | 0.2% | 00.0% | Unchanged | History |
| Cree Inc225447AD3 | NOTE 1.750% 5/0 | – | $4.81M | 0.2% | – | – | – |
| AA Mission Acquisition Corp.G1000R101 | ORD SHS CL A | 450,000 | $4.69M | 0.2% | 00.0% | Unchanged | – |
| GMGeneral Motors Co | COM | 98,585 | $4.64M | 0.2% | +22,787+30.1% | Added | History |
| Enovis CORP194014AB2 | NOTE 3.875%10/1 | – | $4.59M | 0.2% | – | – | – |
| BHCBausch Health Companies Inc. | Stock | 699,350 | $4.52M | 0.1% | −491,459−41.3% | Reduced | History |
| Tpi Composites, Inc87266JAB0 | NOTE 5.250% 3/1 | – | $4.49M | 0.1% | – | – | – |
| Cohen Circle Acquisition CorG3730H106 | SHS CL A | 400,000 | $4.48M | 0.1% | −50,000−11.1% | Reduced | – |
| AAPLApple Inc. | Stock | 20,000 | $4.44M | 0.1% | +20,000 | New | History |
| Pinduoduo Inc722304AC6 | NOTE 12/0 | – | $4.43M | 0.1% | – | – | – |
| DSMBNY Mellon Strategic Municipal Bond Fund, Inc. | COM | 756,799 | $4.37M | 0.1% | +136,853+22.1% | Added | History |
| IMSRTerrestrial Energy Inc. | SHS CL A | 400,000 | $4.21M | 0.1% | 00.0% | Unchanged | History |
Options (24)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| SPYSPDR S&P 500 ETF Trust | ETF | $391.6M | $111.9M |
| VanEck ETF Trust92189H607 | OIL SERVICES ETF | $118.0M | – |
| AAPLApple Inc. | Stock | $88.9M | – |
| ITCIIntra-Cellular Therapies, Inc. | COM | $26.4M | $33.0M |
| SPDR Series Trust78468R556 | SP O&G EXPL PRO | $46.1M | – |
| TSLATesla, Inc. | Stock | $25.9M | – |
| KKRKKR & Co. Inc. | COM | $23.1M | – |
| NVDANVIDIA Corp | Stock | $21.7M | – |
| MARAMARA Holdings, Inc. | COM | $18.2M | – |
| RIVNRivian Automotive, Inc. | Stock | $18.1M | – |
| LUMNLumen Technologies, Inc. | Stock | $16.9M | – |
| WOLFWolfspeed, Inc. | Stock | $7.65M | $1.84M |
| MPTMedical Properties Trust Inc | COM | $9.04M | – |
| HLFHerbalife Ltd. | COM SHS | $8.37M | – |
| XRXXerox Holdings Corp | COM NEW | $7.25M | – |
| JBLUJetBlue Airways Corp | COM | – | $6.03M |
| AMCAMC Entertainment Holdings, Inc. | CL A NEW | $5.74M | – |
| RUNSunrun Inc. | COM | $5.64M | – |
| AALAmerican Airlines Group Inc. | Stock | $5.28M | – |
| HTZHertz Global Holdings, Inc | COM NEW | $4.64M | – |
| NFENew Fortress Energy Inc. | COM CL A | $3.32M | – |
| BYNDBeyond Meat, Inc. | COM | $2.92M | – |
| Azul S A05501U106 | SPONSR ADR PFD | $2.46M | – |
| NIONIO Inc. | ADR | $1.91M | – |
Sold out since Q4 2024 (35)
Positions held at the end of Q4 2024 that are gone from this filing.
| Security | Class | Shares in Q4 2024 | Value in Q4 2024 | % of portfolio in Q4 2024 | History |
|---|---|---|---|---|---|
| MicroStrategy Inc594972AE1 | NOTE 2/1 | – | $208.0M | 7.7% | – |
| Sunnova Energy Intl Inc.86745KAF1 | NOTE 0.250%12/0 | – | $43.0M | 1.6% | – |
| BA.PABoeing Co | DEP CONV PFD A | 650,000 | $39.6M | 1.5% | History |
| CIVICivitas Resources, Inc. | EQUITY US CM | 367,000 | $16.8M | 0.6% | History |
| Spirit Aerosystems Inc85205TAQ3 | NOTE 3.250%11/0 | – | $11.8M | 0.4% | – |
| Vishay Intertechnology Inc928298AR9 | NOTE 2.250% 9/1 | – | $10.3M | 0.4% | – |
| Exact Sciences Corp30063PAA3 | NOTE 1.000% 1/1 | – | $4.98M | 0.2% | – |
| NIO Inc.62914VAJ5 | NOTE 3.875%10/1 | – | $4.40M | 0.2% | – |
| Redfin Corp75737FAE8 | NOTE 0.500% 4/0 | – | $4.36M | 0.2% | – |
| DRDBURoman DBDR Acquisition Corp. II | UNIT 99/99/9999 | 400,000 | $3.99M | 0.1% | History |
| NOEMUCO2 Energy Transition Corp. | UNIT 99/99/9999 | 390,000 | $3.91M | 0.1% | History |
| VMOInvesco Municipal Opportunity Trust | COM | 254,394 | $2.47M | 0.1% | History |
| JWNNordstrom Inc | Stock | 96,957 | $2.34M | 0.1% | History |
| Sunnova Energy Intl Inc.86745KAH7 | NOTE 2.625% 2/1 | – | $1.22M | <0.1% | – |
| DT Cloud Acquisition CorpG28524117 | ORD SHS | 107,306 | $1.12M | <0.1% | – |
| Azul S A05501U106 | SPONSR ADR PFD | 559,775 | $934.8K | <0.1% | – |
| Cutera Inc232109AG3 | NOTE 4.000% 6/0 | – | $883.1K | <0.1% | – |
| NACNuveen California Quality Municipal Income Fund | COM | 72,679 | $820.5K | <0.1% | History |
| VODVodafone Group Public Ltd Co | ADR | 90,585 | $769.1K | <0.1% | History |
| HTZWWHertz Global Holdings, Inc | Common Stock | 228,088 | $490.4K | <0.1% | History |
| CXHMFS Investment Grade Municipal Trust | SH BEN INT | 49,454 | $395.1K | <0.1% | History |
| HTZHertz Global Holdings, Inc | COM NEW | 50,440 | $184.6K | <0.1% | History |
| OCSAWOculis Holding AG | *W EXP 03/06/202 | 16,833 | $90.7K | <0.1% | History |
| BYNDBeyond Meat, Inc. | COM | 20,557 | $77.3K | <0.1% | History |
| RF Acquisition Corp74954L120 | RIGHT 05/01/2028 | 95,000 | $14.8K | <0.1% | – |
| Evergreen CorpG3312W117 | *W EXP 02/08/202 | 332,500 | $9.22K | <0.1% | – |
| Bannix Acquisition Corp066644121 | RIGHT 07/31/2026 | 93,000 | $8.95K | <0.1% | – |
| VMCWFValuence Merger Corp. I | *W EXP 02/18/202 | 252,525 | $8.86K | <0.1% | History |
| Consilium Acquisitn Corp I LG2365L127 | RIGHT 07/01/2023 | 42,300 | $6.34K | <0.1% | – |
| Alpha Partners Tech Mergr CoG63290103 | *W EXP 03/31/202 | 23,250 | $4.18K | <0.1% | – |
| RF Acquisition Corp74954L112 | *W EXP 05/01/202 | 95,000 | $2.99K | <0.1% | – |
| Bannix Acquisition Corp066644113 | *W EXP 07/31/202 | 93,000 | $2.57K | <0.1% | – |
| FutureTech II Acquisition Corp.36119D111 | *W EXP 12/23/202 | 144,020 | $2.22K | <0.1% | – |
| TETWFTechnology & Telecommunication Acquisition Corp | *W EXP 04/15/202 | 117,500 | $2.03K | <0.1% | History |
| Consilium Acquisitn Corp I LG2365L119 | *W EXP 06/01/202 | 21,150 | $1.69K | <0.1% | – |