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Livermore
Livermore
ZHEN

Whitebox Advisors LLC

SEC CIK
0001257391
Latest filing
Aug 14, 2026

Holdings in Q1 2026

Holdings as of Mar 31, 2026, filed Aug 26, 2026. Long positions only; changes compare share counts with Q4 2025.

Institution overview
Positions
550
+84 vs. Q4 2025
Portfolio value
$7.07B
+$1.07B (+17.8%) vs. Q4 2025
Filed
Aug 26, 2026
AmendedSECSEC
Holdings of Whitebox Advisors LLC in Q1 2026
SecurityClassSharesValue% of portfolioShare changeActionHistory
DAICWCID Holdco, Inc.*W EXP 12/31/20223,250$616<0.1%00.0%UnchangedHistory
KIDZWKIDZ AI Inc.*W EXP 04/03/20346,500$767<0.1%00.0%UnchangedHistory
MRNOWMurano Global Investments Plc*W EXP 03/19/20223,500$940<0.1%00.0%UnchangedHistory
AERTWAeries Technology, Inc.*W EXP 11/06/20256,416$1.13K<0.1%00.0%UnchangedHistory
WTS/Distoken Acquisition Corporation EXP06/02/203G9878M112COM100,000$1.26K<0.1%00.0%Unchanged–
FUSEWFusemachines Inc.WARRANT21,150$1.59K<0.1%00.0%UnchangedHistory
BDMDWBaird Medical Investment Holdings Ltd*W EXP 10/01/20223,250$1.86K<0.1%00.0%UnchangedHistory
ZOOZWZOOZ Strategy Ltd.*W EXP 04/02/20258,750$1.88K<0.1%00.0%UnchangedHistory
ZEOWWZeo Energy Corp.*W EXP 03/13/20246,500$1.91K<0.1%00.0%UnchangedHistory
ASBPWAspire-Lakewood Holdings, Inc.*W EXP 02/14/203118,750$1.97K<0.1%00.0%UnchangedHistory
RMSGWReal Messenger Corp*W EXP 11/19/20274,400$1.97K<0.1%00.0%UnchangedHistory
SCAGWScage Future*W EXP 05/15/20341,850$2.03K<0.1%00.0%UnchangedHistory
RDZNWRoadzen Inc.*W EXP 11/30/20218,600$2.08K<0.1%00.0%UnchangedHistory
GCLWWGCL Global Holdings Ltd*W EXP 02/13/20395,000$2.24K<0.1%00.0%UnchangedHistory
KVAWFKeen Vision Acquisition Corp.*W EXP 03/15/20275,000$2.25K<0.1%00.0%UnchangedHistory
TVGNWTevogen Inc.*W EXP 02/14/20286,292$2.92K<0.1%00.0%UnchangedHistory
AMODWAlpha Modus Holdings, Inc.*W EXP 12/13/20269,750$3.13K<0.1%00.0%UnchangedHistory
ESLAWEstrella Immunopharma, Inc.Equity WRT42,293$3.17K<0.1%00.0%UnchangedHistory
CYCUWCycurion, Inc.*W EXP 09/01/202164,500$3.44K<0.1%00.0%UnchangedHistory
ONMDWOneMedNet Corp*W EXP 11/07/20249,700$3.60K<0.1%00.0%UnchangedHistory
VGASWVerde Clean Fuels, Inc.*W EXP 02/15/202177,090$3.70K<0.1%00.0%UnchangedHistory
MSAIWMultiSensor AI Holdings, Inc.*W EXP 12/19/20296,838$3.79K<0.1%00.0%UnchangedHistory
Bitcoin Depot IN09174P113EQUITY WRT213,750$4.57K<0.1%00.0%Unchanged–
BGLWWBlue Gold Ltd*W EXP 04/01/20323,250$4.65K<0.1%00.0%UnchangedHistory
FLDDWFold Holdings, Inc.*W EXP 10/19/20246,500$5.12K<0.1%00.0%UnchangedHistory
Holley Inc.43538H111*W EXP 11/30/20279,311$5.33K<0.1%00.0%Unchanged–
CUBWWLionheart Holdings*W EXP 06/07/20350,000$5.75K<0.1%00.0%UnchangedHistory
DTSQRDT Cloud Star Acquisition CorpRIGHT 07/09/202950,000$6.54K<0.1%00.0%UnchangedHistory
PCAPWProCap Acquisition Corp*W EXP 05/16/20323,427$7.50K<0.1%00.0%UnchangedHistory
CCXIWChurchill Capital Corp XI*W EXP 12/10/20310,000$7.50K<0.1%+10,000NewHistory
HNR Acquisition Corp40472A128*W EXP 02/04/20271,250$8.09K<0.1%00.0%Unchanged–
SSACWSPACSphere Acquisition Corp.*W EXP 02/06/203106,021$8.46K<0.1%+106,021NewHistory
CNCKWCoincheck Group N.V.*W EXP 12/11/20250,079$8.51K<0.1%00.0%UnchangedHistory
New Amer Acquisition I Corp023634116*W EXP 99/99/99917,500$8.75K<0.1%+17,500New–
VSEEWVsee Health, Inc.*W EXP 99/99/999232,500$8.79K<0.1%00.0%UnchangedHistory
ARTCWArt Technology Acquisition Corp.COM31,516$9.52K<0.1%+31,516NewHistory
SBCWWSBC Medical Group Holdings Inc*W EXP 07/31/20235,000$9.63K<0.1%00.0%UnchangedHistory
NVNIWNvni Group Ltd*W EXP 11/01/202162,750$9.72K<0.1%00.0%UnchangedHistory
OBAWWOxley Bridge Acquisition Ltd*W EXP 06/17/20350,000$10.0K<0.1%00.0%UnchangedHistory
OIMAWOneIM Acquisition Corp.*W EXP 01/07/20316,666$10.8K<0.1%+16,666NewHistory
LFACWLeapfrog Acquisition Corp*W EXP 11/10/20337,500$10.9K<0.1%+37,500NewHistory
POLEWAndretti Acquisition Corp. II*W EXP 06/01/203100,000$11.0K<0.1%00.0%UnchangedHistory
MCGAWYorkville Acquisition Corp.*W EXP 06/06/20333,333$11.4K<0.1%00.0%UnchangedHistory
BRLSWBorealis Foods Inc.EQUITY WRT148,800$11.5K<0.1%00.0%UnchangedHistory
COCHWEnvoy Medical, Inc.Equity WRT174,000$11.6K<0.1%00.0%UnchangedHistory
MOBXWMobix Labs, Inc*W EXP 12/21/20293,000$11.6K<0.1%00.0%UnchangedHistory
BDCIWBTC Development Corp.COM25,000$12.0K<0.1%00.0%UnchangedHistory
MKLYRMcKinley Acquisition CorpRIGHT 07/25/2030100,000$12.0K<0.1%00.0%UnchangedHistory
ITHAWITHAX Acquisition Corp III*W EXP 11/17/20350,000$12.0K<0.1%+50,000NewHistory
Flyexclusive Inc.343928115*W EXP 05/28/20250,422$12.1K<0.1%00.0%Unchanged–
HVMCWHighview Merger Corp.*W EXP 07/24/20350,000$12.5K<0.1%00.0%UnchangedHistory
SOCAWSolarius Capital Acquisition Corp.*W EXP 07/10/20350,000$13.0K<0.1%00.0%UnchangedHistory
FVNNRFuture Vision II Acquisition Corp.RIGHT 06/29/2029100,000$13.0K<0.1%00.0%UnchangedHistory
BLZRWTrailblazer Acquisition Corp.COM33,333$13.2K<0.1%00.0%UnchangedHistory
ARCIWArchimedes Tech SPAC Partners III Co.*W EXP 01/23/20325,000$13.4K<0.1%+25,000NewHistory
UCFIWCN Healthy Food Tech Group Corp.*W EXP 99/99/999150,000$13.5K<0.1%00.0%UnchangedHistory
GTERWGloba Terra Acquisition Corp*W EXP 06/17/203112,500$14.4K<0.1%00.0%UnchangedHistory
HCMAWHCM III Acquisition Corp.*W EXP 07/23/20333,333$15.0K<0.1%00.0%UnchangedHistory
LWACWLightWave Acquisition Corp.*W EXP 06/06/20362,500$15.0K<0.1%00.0%UnchangedHistory
Generation Essentials GroupG38268119*W EXP 02/15/20283,333$15.8K<0.1%00.0%Unchanged–
BAERWBridger Aerospace Group Holdings, Inc.*W EXP 01/24/20241,500$16.2K<0.1%00.0%UnchangedHistory
Graf Global Corp.G4036C122*W EXP 05/31/203125,000$16.2K<0.1%00.0%Unchanged–
MBVIWM3-Brigade Acquisition VI Corp.*W EXP 08/18/20350,000$17.3K<0.1%00.0%UnchangedHistory
MESHWMeshflow Acquisition Corp*W EXP 11/20/20366,666$17.3K<0.1%+66,666NewHistory
TDACWTranslational Development Acquisition Corp.*W EXP 12/18/202152,500$18.3K<0.1%00.0%UnchangedHistory
ANNAWAleAnna, Inc.*W EXP 12/13/20223,250$18.8K<0.1%00.0%UnchangedHistory
TDWDRTailwind 2.0 Acquisition Corp.RIGHT 11/07/2030100,000$19.0K<0.1%00.0%UnchangedHistory
GTERRGloba Terra Acquisition CorpRIGHT 06/17/2030150,000$19.0K<0.1%00.0%UnchangedHistory
KOYNWCSLM Digital Asset Acquisition Corp III, Ltd*W EXP 08/28/20375,000$19.5K<0.1%00.0%UnchangedHistory
LATAWGalata Acquisition Corp. IICOM66,667$20.0K<0.1%00.0%UnchangedHistory
RMCOWRoyalty Management Holding Corp*W EXP 05/28/20281,519$20.1K<0.1%00.0%UnchangedHistory
Jackson Acquisition Co IIG4992A136RIGHT 99/99/9999175,000$20.2K<0.1%00.0%Unchanged–
FIGXWFIGX Capital Acquisition Corp.*W EXP 06/17/20375,000$20.3K<0.1%00.0%UnchangedHistory
CCIIWCohen Circle Acquisition Corp. II*W EXP 07/01/20331,249$20.3K<0.1%00.0%UnchangedHistory
DYORWInsight Digital Partners II*W EXP 10/28/20372,841$20.4K<0.1%00.0%UnchangedHistory
DSACWDaedalus Special Acquisition Corp.*W EXP 11/24/20350,000$20.5K<0.1%+50,000NewHistory
CHPGRChampionsGate Acquisition CorpRIGHT 05/14/2030150,000$21.0K<0.1%00.0%UnchangedHistory
BRRWWSilvia, Inc.*W EXP 12/05/20375,000$21.0K<0.1%00.0%UnchangedHistory
RIBBRRibbon Acquisition Corp.RIGHT 12/31/2026125,000$22.0K<0.1%00.0%UnchangedHistory
SCIIRSC II Acquisition Corp.RIGHT 11/26/2030100,000$22.0K<0.1%+100,000NewHistory
FutureCrest Acquisition Corp.G3730U115*W EXP 09/30/20337,500$22.1K<0.1%00.0%Unchanged–
VLOSWVelos Acquisition I Corp.*W EXP 99/99/99975,000$22.4K<0.1%00.0%UnchangedHistory
Copley Acquisition CorpG24243126*W EXP 99/99/999150,000$22.5K<0.1%00.0%Unchanged–
WTGURWintergreen Acquisition Corp.RIGHT 99/99/9999150,000$22.5K<0.1%00.0%UnchangedHistory
TWLVRTwelve Seas Investment Co III/CaymanRIGHT 11/21/2030150,000$22.5K<0.1%+150,000NewHistory
LPCVWLaunchpad Cadenza Acquisition Corp I*W EXP 12/15/203100,000$23.0K<0.1%+100,000NewHistory
SAAQWSpace Asset Acquisition Corp.*W EXP 03/31/20333,333$23.3K<0.1%+33,333NewHistory
Alussa Energy Acquisit CorpG0233J118*W EXP 99/99/99966,666$24.0K<0.1%+66,666New–
BLRKWBluerock Acquisition Corp.*W EXP 12/12/20372,841$24.0K<0.1%+72,841NewHistory
DMAARDrugs Made In America Acquisition Corp.RIGHT 10/15/2029400,000$24.2K<0.1%00.0%UnchangedHistory
ZKPWLafayette Digital Acquisition Corp. I*W EXP 12/23/20387,500$24.5K<0.1%+87,500NewHistory
Viking Acquisition Corp IG9582G112*W EXP 11/03/20383,333$24.6K<0.1%00.0%Unchanged–
PLMKWPlum Acquisition Corp, IV*W EXP 08/19/20250,000$25.0K<0.1%00.0%UnchangedHistory
Jena Acquisition Corp IIG5093B113RIGHT 03/31/2030150,000$25.5K<0.1%00.0%Unchanged–
MLAAWMountain Lake Acquisition Corp. II*W EXP 01/21/203200,000$26.0K<0.1%+200,000NewHistory
AIRJWAirJoule Technologies Corp.*W EXP 03/15/20246,500$26.0K<0.1%00.0%UnchangedHistory
PACHWPioneer Acquisition I Corp*W EXP 06/16/203150,000$27.0K<0.1%00.0%UnchangedHistory
INACRIndigo Acquisition Corp.RIGHT 04/02/2027175,000$27.1K<0.1%00.0%UnchangedHistory
LPBBWLaunch Two Acquisition Corp.*W EXP 10/09/202175,000$27.3K<0.1%00.0%UnchangedHistory
CAPNRCayson Acquisition CorpRIGHT 99/99/9999125,000$27.5K<0.1%00.0%UnchangedHistory

Options (22)

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 Q1 2026
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$325.2M–
iShares Russell 2000 ETF464287655ETF$186.0M–
NVDANVIDIA CorpStock$139.5M–
SMCISuper Micro Computer, Inc.Stock$104.7M–
TSMTaiwan Semiconductor Manufacturing Co LtdADR$67.6M–
IBITiShares Bitcoin Trust ETFETF$57.6M–
NBISNebius Group N.V.Stock$51.9M–
AAPLApple Inc.Stock$50.8M–
MARAMARA Holdings, Inc.COM$35.7M$8.16M
WBDWarner Bros. Discovery, Inc.Stock$30.2M–
TSLATesla, Inc.Stock$27.9M–
TERNTerns Pharmaceuticals, Inc.COM$26.4M–
LUMNLumen Technologies, Inc.Stock$24.3M–
MPTMedical Properties Trust IncCOM$8.29M–
JBLUJetBlue Airways CorpCOM–$7.74M
HTZHertz Global Holdings, IncCOM NEW$6.78M–
RIGTransocean Ltd.REGISTERED SHS$6.63M–
SRPTSarepta Therapeutics, Inc.COM$4.67M–
BTDRBitdeer Technologies GroupCL A ORD SHS$3.40M–
XRXXerox Holdings CorpCOM NEW$2.58M–
SABRSabre CorpCOM–$1.45M
AMCAMC Entertainment Holdings, Inc.CL A NEW$980.0K–

Sold out since Q4 2025 (86)

Positions held at the end of Q4 2025 that are gone from this filing.

Positions of Whitebox Advisors LLC sold out since Q4 2025
SecurityClassShares in Q4 2025Value in Q4 2025% of portfolio in Q4 2025History
CADECadence BancorporationEQUITY US CM3,000,001$128.5M2.1%History
CMAComerica IncCOM1,250,001$108.7M1.8%History
Cyberark Software LtdM2682V108SHS171,001$76.3M1.3%–
Coinbase Global, Inc.19260QAB3NOTE 0.500% 6/0–$60.9M1.0%–
Freshpet, Inc.358039AB1NOTE 3.000% 4/0–$36.7M0.6%–
CFLTConfluent, Inc.CLASS A COM1,054,747$31.9M0.5%History
EXASExact Sciences CorpCOM307,001$31.2M0.5%History
CDTXCidara Therapeutics, Inc.COM NEW125,001$27.6M0.5%History
WisdomTree, Inc.97717PAH7NOTE 3.250% 8/1–$24.0M0.4%–
Collegium Pharmaceutical, Inc19459JAC8NOTE 2.875% 2/1–$15.1M0.3%–
On Semiconductor Corp682189AS4NOTE 5/0–$14.9M0.2%–
Tyler Tex Indpt SCH Dist902252AB1NOTE 0.250% 3/1–$12.5M0.2%–
Pinnacle West Cap Corp723484AK7NOTE 4.750% 6/1–$12.0M0.2%–
CIVICivitas Resources, Inc.EQUITY US CM427,887$11.6M0.2%History
ZTSZoetis Inc.Stock74,223$9.34M0.2%History
Two HBRS Invt Corp90187BAB7NOTE 6.250% 1/1–$9.23M0.2%–
RYAAYRyanair Holdings PLCSPONSORED ADR116,658$8.42M0.1%History
GLIBKLiberty Capital CorpSER C GCI GROUP213,031$7.93M0.1%History
HAVAUHarvard Ave Acquisition CorpUNIT 10/03/2030750,000$7.57M0.1%History
CHKPCheck Point Software Technologies LtdORD36,630$6.80M0.1%History
Li Auto Inc.50202MAB8NOTE 0.250% 5/0–$5.54M0.1%–
TGNATegna IncCOM281,537$5.46M0.1%History
PureCycle Technologies, Inc.74623VAB9NOTE 7.250% 8/1–$5.41M0.1%–
HOUSAnywhere Real Estate Inc.COM347,880$4.93M0.1%History
AA Mission Acquisition Corp.G1000R101ORD SHS CL A450,000$4.80M0.1%–
iShares Inc464286640MSCI CHILE ETF113,456$4.58M0.1%–
TGE Value Creative Solutions CorpG8773E126UNIT 99/99/9999450,000$4.47M0.1%–
Gossamer Bio, Inc.38341PAA0NOTE 5.000% 6/0–$4.39M0.1%–
MMTXUMiluna Acquisition CorpUNIT 09/29/2030400,000$4.00M0.1%History
IRHOUIron Horse Acquisition II Corp.UNIT 07/11/2030350,000$3.48M0.1%History
DMBBNY Mellon Municipal Bond Infrastructure Fund, Inc.COM SHS310,458$3.41M0.1%History
FTWPresidio Production CoCL A ORD SHS300,000$3.15M0.1%History
EVOXUEvolution Global Acquisition CorpUNIT 10/22/2030300,000$3.02M0.1%History
VHCPUVine Hill Capital Investment Corp. IIUNIT 11/25/2030300,000$3.01M0.1%History
GPACUGeneral Purpose Acquisition Corp.UNIT 12/03/2030300,000$3.00M0.1%History
LPCVULaunchpad Cadenza Acquisition Corp IUNIT 12/15/2030300,000$2.99M<0.1%History
ADACUAmerican Drive Acquisition CoUNIT 12/04/2030300,000$2.99M<0.1%History
SVAQUSilicon Valley Acquisition Corp.UNIT 12/08/2030300,000$2.98M<0.1%History
Cardlytics, Inc.14161WAD7NOTE 4.250% 4/0–$2.89M<0.1%–
Safeguard Acquisition Corp.G77676123UNIT 99/99/9999250,000$2.52M<0.1%–
CRANUCrane Harbor Acquisition Corp. IIUNIT 12/09/2030217,635$2.19M<0.1%History
BLRKUBluerock Acquisition Corp.UNIT 11/06/2030218,525$2.19M<0.1%History
Crane HBR Acquisition CorpG24979109CL A200,000$2.15M<0.1%–
TBNTamboran Resources CorpCOM78,832$2.15M<0.1%History
SCPQUSocial Commerce Partners CorpUNIT 11/24/2030214,400$2.14M<0.1%History
SilverBox Corp VG8148S123UNIT 99/99/9999206,900$2.08M<0.1%–
Alussa Energy Acquisition Corp.G0233J126UNIT 99/99/9999200,000$2.02M<0.1%–
BPACUBlueport Acquisition LtdUNIT 10/22/2030200,000$2.02M<0.1%History
DSACUDaedalus Special Acquisition Corp.UNIT 11/10/2030200,000$2.01M<0.1%History
MESHUMeshflow Acquisition CorpUNIT 11/19/2030200,000$2.00M<0.1%History
AEAQUActivate Energy Acquisition Corp.UNIT 11/10/2030200,000$2.00M<0.1%History
BIXIUBitcoin Infrastructure Acquisition Corp LtdUNIT 11/06/2030200,000$1.99M<0.1%History
VCICOdysseus (Cayman) LtdORD SHS CL A150,000$1.62M<0.1%History
Voyager Acquisition CorpG93A7H104CL A150,000$1.60M<0.1%–
COLAColumbus Acquisition Corp/Cayman IslandsSHS150,000$1.56M<0.1%History
GLIBALiberty Capital CorpSER A GCI GROUP41,785$1.54M<0.1%History
Pelican Acquisition CorpG6993G103SHS150,000$1.52M<0.1%–
HCACUHall Chadwick Acquisition CorpUNIT 11/20/2030150,000$1.50M<0.1%History
TWLVUTwelve Seas Investment Co III/CaymanUNIT 11/21/2030150,000$1.49M<0.1%History
BlackRock New York Municipal Income Trust09248L106SH BEN INT145,147$1.47M<0.1%–
CAPNCayson Acquisition CorpSHS125,000$1.33M<0.1%History
RIBBRibbon Acquisition Corp.ORD SHS CL A125,000$1.30M<0.1%History
MHNBlackRock Muniholdings New York Quality Fund, Inc.COM121,671$1.24M<0.1%History
CCXIUChurchill Capital Corp XIUNIT 12/10/2030100,000$1.02M<0.1%History
iShares Tr464289842MSCI PERU GL ETF14,063$1.02M<0.1%–
SCIIUSC II Acquisition Corp.UNIT 11/06/2030100,000$1.01M<0.1%History
ITHAUITHAX Acquisition Corp IIIUNIT 11/17/2030100,000$997.5K<0.1%History
LFACULeapfrog Acquisition CorpUNIT 11/10/203075,000$750.4K<0.1%History
BYNDBeyond Meat, Inc.COM855,600$701.6K<0.1%History
Osisko Development Corp68828E809COM NEW166,074$579.6K<0.1%–
PSKYParamount Skydance CorpCOM CL B43,067$577.1K<0.1%History
PNWPinnacle West Capital CorpCOM5,974$529.9K<0.1%History
NEXMNexMetals Mining Corp.COM NEW254,377$496.1K<0.1%History
MUEBlackRock Muniholdings Quality Fund II, Inc.COM46,481$466.2K<0.1%History
New Amer Acquisition I Corp023634207UNIT 99/99/999935,000$364.4K<0.1%–
NFENew Fortress Energy Inc.COM CL A200,000$228.0K<0.1%History
SWSmurfit Westrock plcStock5,348$206.8K<0.1%History
RIGTransocean Ltd.REGISTERED SHS50,000$206.5K<0.1%History
Crane HBR Acquisition CorpG24979117RIGHT 04/17/2030225,000$180.0K<0.1%–
AA Mission Acquisition Corp.G1000R127*W EXP 08/01/203475,000$80.6K<0.1%–
Eqv Ventures Acquisition CorG3106N117*W EXP 07/01/20399,997$48.0K<0.1%–
RZLVWRezolve AI PLC*W EXP 08/15/20246,500$42.3K<0.1%History
Pelican Acquisition CorpG6993G111RIGHT 05/02/2030150,000$34.5K<0.1%–
Oak Woods Acquisition Corp67190B120RIGHT 03/23/202868,000$17.0K<0.1%–
Oak Woods Acquisition Corp67190B112*W EXP 03/23/20268,000$2.70K<0.1%–
ECD Automotive Design, Inc.27877D112*W EXP 12/12/20290,000$936<0.1%–