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Livermore
ZHEN

Magnetar Financial LLC

SEC CIK
0001352851
Latest filing
Aug 14, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
895
+44 vs. Q3 2025
Portfolio value
$10.2B
−$6.30B (−38.2%) vs. Q3 2025
Filed
Feb 17, 2026
SEC
Holdings of Magnetar Financial LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
CRWVCoreWeave, Inc.Stock68,191,394$4.88B48.0%−13,791,931−16.8%ReducedHistory
GTLSChart Industries IncCOM501,505$103.4M1.0%+119,427+31.3%AddedHistory
ALSumisho Air Lease CorpCL A1,586,800$101.9M1.0%+7,315+0.5%AddedHistory
TXNMTXNM Energy IncCOM1,698,961$100.0M1.0%+9,740+0.6%AddedHistory
NSCNorfolk Southern CorpStock343,984$99.3M1.0%−14,346−4.0%ReducedHistory
CMAComerica IncCOM1,139,969$99.1M1.0%+1,139,969NewHistory
REVGREV Group, Inc.COM1,608,032$97.8M1.0%+1,608,032NewHistory
WBDWarner Bros. Discovery, Inc.Stock3,183,153$91.7M0.9%+3,183,153NewHistory
KVUEKenvue Inc.Stock5,263,903$90.8M0.9%+5,263,903NewHistory
TECKTeck Resources LtdCL B1,881,954$90.1M0.9%+1,050,640+126.4%AddedHistory
FYBRFrontier Communications Parent, Inc.COM2,343,223$89.2M0.9%+114,134+5.1%AddedHistory
Cyberark Software LtdM2682V108SHS199,487$89.0M0.9%−11,753−5.6%Reduced–
TGNATegna IncCOM4,355,886$84.5M0.8%+215,705+5.2%AddedHistory
PRAProassurance CorpCOM3,484,563$84.2M0.8%+458,390+15.1%AddedHistory
Avidity Biosciences, Inc.05370A108COM1,158,603$83.6M0.8%+1,158,603New–
CFLTConfluent, Inc.CLASS A COM2,630,482$79.5M0.8%+2,630,482NewHistory
Trip.com Group Ltd89677QAB3NOTE 0.750% 6/1–$76.8M0.8%–––
EXASExact Sciences CorpCOM708,272$71.9M0.7%+708,272NewHistory
Alibaba Group Hldg Ltd01609WBG6NOTE 0.500% 6/0–$67.2M0.7%–––
CSGSCSG Systems International IncCOM804,349$61.7M0.6%+804,349NewHistory
JD.com, Inc.47215PAJ5NOTE 0.250% 6/0–$58.7M0.6%–––
STAAStaar Surgical CoCOM PAR $0.012,472,390$57.1M0.6%+1,268,019+105.3%AddedHistory
FOLDAmicus Therapeutics, Inc.COM3,967,915$56.5M0.6%+3,967,915NewHistory
HOUSAnywhere Real Estate Inc.COM3,956,298$56.0M0.6%+1,910,074+93.3%AddedHistory
FOUR.PAShift4 Payments, Inc.6 SER A CNV PREF685,000$54.8M0.5%+150,000+28.0%AddedHistory
DAYDayforce, Inc.COM781,152$54.0M0.5%+21,745+2.9%AddedHistory
CDTXCidara Therapeutics, Inc.COM NEW232,537$51.4M0.5%+232,537NewHistory
VECOVeeco Instruments IncCOM1,691,446$48.3M0.5%+1,691,446NewHistory
WTRGEssential Utilities, Inc.COM1,199,090$46.0M0.5%+1,180,945+6,508.4%AddedHistory
QRVOQorvo, Inc.Stock542,786$45.9M0.5%+538,314+12,037.4%AddedHistory
ARES.PBAres Management Corp6.75 SE B PFD907,250$45.8M0.4%+150,000+19.8%AddedHistory
Aspen Insurance Holdings LtdG05384501ORD SHS CL A1,218,999$45.2M0.4%00.0%Unchanged–
ATXSAstria Therapeutics, Inc.COM3,431,007$44.9M0.4%+3,431,007NewHistory
New Gold Inc Cda644535106COM5,064,109$44.1M0.4%+5,064,109New–
CMS Energy Corp125896BX7NOTE 3.375% 5/0–$42.6M0.4%–––
MARA Holdings, Inc.565788AF3NOTE 3/0–$40.2M0.4%–New–
CTLPCantaloupe, Inc.COM3,654,521$38.8M0.4%+11,852+0.3%AddedHistory
PG&E Corp69331CAL2NOTE 4.250%12/0–$38.6M0.4%–––
LBRDKLiberty Broadband CorpCOM SER C737,805$35.9M0.4%+6,463+0.9%AddedHistory
FTWPresidio Production CoCL A ORD SHS3,370,168$35.4M0.3%00.0%UnchangedHistory
DBRGDigitalBridge Group, Inc.CL A NEW2,203,909$33.8M0.3%+2,203,909NewHistory
HPE.PCHewlett Packard Enterprise Co7.625 MAND CONV500,000$33.2M0.3%+250,000+100.0%AddedHistory
Wayfair Inc.94419LAR2NOTE 3.500%11/1–$33.1M0.3%–––
Super Micro Computer, Inc.86800UAB0NOTE 3.500% 3/0–$32.6M0.3%–––
Airbnb, Inc.009066AB7NOTE 3/1–$30.8M0.3%–––
IMXIInternational Money Express, Inc.COM1,916,571$29.4M0.3%+44,596+2.4%AddedHistory
CCXIUChurchill Capital Corp XIUNIT 12/10/20302,700,000$27.6M0.3%+2,700,000NewHistory
RPTRithm Property Trust Inc.COM NEW SHS1,639,033$27.2M0.3%00.0%UnchangedConverted for a 1-for-6 splitHistory
DMIIDrugs Made In America Acquisition II Corp.USD ORD SHS2,700,000$26.7M0.3%+2,700,000NewHistory
EVACEQV Ventures Acquisition Corp. IICOM2,499,993$25.1M0.2%+2,499,993NewHistory
AXTAAxalta Coating Systems Ltd.COM738,401$23.9M0.2%+550,820+293.6%AddedHistory
Voyager Acquisition CorpG93A7H104CL A2,156,220$23.0M0.2%00.0%Unchanged–
TACHTitan Acquisition Corp.CL A2,200,000$22.6M0.2%00.0%UnchangedHistory
MOFGMidWestOne Financial Group, Inc.COM563,016$21.7M0.2%+563,016NewHistory
LPBBLaunch Two Acquisition Corp.ORD SHS CL A1,980,000$20.8M0.2%00.0%UnchangedHistory
LPAALaunch One Acquisition Corp.SHS CLASS A1,945,196$20.6M0.2%00.0%UnchangedHistory
SIMASIM Acquisition Corp. ISHS CL A1,945,196$20.6M0.2%00.0%UnchangedHistory
RACRithm Acquisition Corp.COM1,980,000$20.6M0.2%00.0%UnchangedHistory
CUBLionheart HoldingsSHS CL A1,910,254$20.4M0.2%00.0%UnchangedHistory
ALDFAldel Financial II Inc.CL A1,899,098$20.0M0.2%00.0%UnchangedHistory
ALFCenturion Acquisition Corp.SHS CL A1,856,250$19.8M0.2%00.0%UnchangedHistory
Mountain Lake Acquisition Corp.G6301B101SHS CL A1,900,000$19.8M0.2%00.0%Unchanged–
Churchill Capital Corp IX/CaymanG21301109CL A SHS1,843,554$19.6M0.2%−19,428−1.0%Reduced–
KCHVKochav Defense Acquisition Corp.SHS CL A1,900,000$19.3M0.2%00.0%UnchangedHistory
Apollo Global Mgmt Inc03769M304SER A MAND CNV250,000$18.9M0.2%00.0%Unchanged–
VNMEVendome Acquisition Corp ICOM CL A1,850,000$18.6M0.2%+1,850,000NewHistory
SHCOSoho House & Co Inc.COM CL A2,078,038$18.6M0.2%+21,680+1.1%AddedHistory
Rivian Automotive, Inc.76954AAD5NOTE 3.625%10/1–$18.4M0.2%–––
NEE.PSNextera Energy IncUNIT 06/01/2027350,000$18.1M0.2%00.0%UnchangedHistory
Teamshares IncG5509P102CL A SHS1,750,000$18.0M0.2%00.0%Unchanged–
VCICOdysseus (Cayman) LtdORD SHS CL A1,669,999$18.0M0.2%−53,501−3.1%ReducedHistory
SDHISiddhi Acquisition Corp (Cayman Islands)CL A SHS1,750,000$18.0M0.2%00.0%UnchangedHistory
NPACNew Providence Acquisition Corp. III/CaymanCOM1,749,990$18.0M0.2%00.0%UnchangedHistory
SZZLSizzle Acquisition Corp. IIUSD CL A ORD SHS1,750,000$17.8M0.2%00.0%UnchangedHistory
SOULSoulpower Acquisition Corp.USD CL A ORD SHS1,750,000$17.8M0.2%00.0%UnchangedHistory
TONTGraf Global Corp.ORD SHS CL A1,613,354$17.4M0.2%00.0%UnchangedHistory
AMWDAmerican Woodmark CorpCOM312,728$16.9M0.2%+3,187+1.0%AddedHistory
TACOBerto Acquisition Corp.COM1,650,000$16.7M0.2%00.0%UnchangedHistory
WHLRLWheeler Real Estate Investment Trust, Inc.7% SR NT 31190,823$16.7M0.2%00.0%UnchangedHistory
BLUWBlue Water Acquisition Corp. IIIORD SHS CL A1,500,000$15.5M0.2%00.0%UnchangedHistory
PMTRPerimeter Acquisition Corp. ICOM CL A1,500,000$15.4M0.2%00.0%UnchangedHistory
FERAFifth Era Acquisition Corp IORD SHS CL A1,500,000$15.4M0.2%00.0%UnchangedHistory
NTWONewbury Street II Acquisition CorpORD SHS CL A1,450,000$15.2M0.1%00.0%UnchangedHistory
TVATexas Ventures Acquisition III CorpCOM1,400,000$14.9M0.1%00.0%UnchangedHistory
IRHOUIron Horse Acquisition II Corp.UNIT 07/11/20301,500,000$14.9M0.1%+1,500,000NewHistory
CRACCrown Reserve Acquisition Corp. IORD SHS CL A1,485,000$14.8M0.1%+1,485,000NewHistory
POLEAndretti Acquisition Corp. IIUNIT 99/99/99991,400,000$14.8M0.1%00.0%UnchangedHistory
ALB.PAAlbemarle Corp7.25% DEP SHS A250,000$14.7M0.1%+150,000+150.0%AddedHistory
RNGTURange Capital Acquisition Corp IIUNIT 09/29/20301,400,000$14.3M0.1%+1,400,000NewHistory
TDACTranslational Development Acquisition Corp.COM CL A1,300,000$13.6M0.1%00.0%UnchangedHistory
SVCCStellar V Capital Corp. (Cayman Islands)SHS CL A1,300,000$13.5M0.1%00.0%UnchangedHistory
ATIIArchimedes Tech SPAC Partners II Co.COM1,300,000$13.5M0.1%00.0%UnchangedHistory
OYSEOyster Enterprises II Acquisition CorpORD SHS CL A1,300,000$13.1M0.1%00.0%UnchangedHistory
Willow Lane Acquisition Corp.G9675P102ORD SHS CL A1,034,591$13.1M0.1%−162,304−13.6%Reduced–
Northern Oil & Gas, Inc.665531AJ8NOTE 3.625% 4/1–$13.0M0.1%–––
NHICNewHold Investment Corp. IIIORD SHS CL A1,250,000$12.9M0.1%00.0%UnchangedHistory
KFIIK&F Growth Acquisition Corp. IISHS CL A1,250,000$12.9M0.1%00.0%UnchangedHistory
GSRFUGSR IV Acquisition Corp.UNIT 08/22/20301,250,000$12.9M0.1%00.0%UnchangedHistory
NWENorthWestern Energy Group, Inc.COM NEW197,657$12.8M0.1%+2,135+1.1%AddedHistory
Alussa Energy Acquisition Corp.G0233J126UNIT 99/99/99991,250,000$12.6M0.1%+1,250,000New–

Options (1)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Magnetar Financial LLC in Q4 2025
SecurityClassPutsCalls
iShares Tr464288953PUT$25.5M–

Sold out since Q3 2025 (421)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 421 by value last quarter.

Positions of Magnetar Financial LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
MRUSMerus N.V.COM1,045,209$98.4M0.6%History
KKellanovaStock1,143,169$93.8M0.6%History
AVDXAvidXchange Holdings, Inc.COM8,466,957$84.2M0.5%History
WNSWNS (Holdings) LtdCOM SHS1,098,809$83.8M0.5%History
IPGInterpublic Group of Companies, Inc.COM2,987,340$83.4M0.5%History
COOPMaverick Merger Sub 2, LLCCOM389,877$82.2M0.5%History
VRNAVerona Pharma plcSPONSORED ADS628,260$67.0M0.4%History
SCSSteelcase IncCL A3,452,916$59.4M0.4%History
TRMLTourmaline Bio, Inc.COM966,129$46.2M0.3%History
Dexcom Inc252131AM9NOTE 0.375% 5/1–$44.4M0.3%–
Duke Energy CORP26441CBY0NOTE 4.125% 4/1–$42.3M0.3%–
SPRSpirit AeroSystems Holdings, Inc.COM CL A1,083,026$41.8M0.3%History
Sandstorm Gold Ltd Com New80013R206Stock2,175,460$27.2M0.2%–
JetBlue Airways Corp477143AR2NOTE 2.500% 9/0–$27.0M0.2%–
DMIIUDrugs Made In America Acquisition II Corp.UNIT 09/16/20302,700,000$26.9M0.2%History
Eqv Ventures Ac Corp. IIG3106Q110UNIT 06/30/20322,500,000$25.0M0.2%–
HBIHanesbrands Inc.COM3,450,672$22.7M0.1%History
Alliant Energy Corp018802AC2NOTE 3.875% 3/1–$22.6M0.1%–
PHLTPerformant Healthcare IncCOM2,768,559$21.4M0.1%History
VNMEUVendome Acquisition Corp IUNIT 06/20/20301,850,000$18.5M0.1%History
Uber Technologies, Inc90353TAJ9NOTE 12/1–$14.6M0.1%–
Ford MTR Co Del345370CZ1NOTE 3/1–$13.7M0.1%–
OBAWUOxley Bridge Acquisition LtdUNIT 06/17/20301,250,000$12.6M0.1%History
ZIMVZimVie Inc.Stock603,489$11.4M0.1%History
INFAInformatica Inc.COM CL A456,793$11.3M0.1%History
HCMAUHCM III Acquisition Corp.UNIT 07/23/20301,000,000$10.3M0.1%History
LWACULightWave Acquisition Corp.UNIT 06/06/20301,022,800$10.3M0.1%History
BLZRUTrailblazer Acquisition Corp.UNIT 08/21/20301,000,000$10.3M0.1%History
PACHUPioneer Acquisition I CorpUNIT 06/16/20301,000,000$10.1M0.1%History
WOWWideOpenWest, Inc.COM1,864,114$9.62M0.1%History
HVMCUHighview Merger Corp.UNIT 07/24/2030929,293$9.40M0.1%History
MRCMRC Global Inc.COM633,764$9.14M0.1%History
ICEIntercontinental Exchange, Inc.Stock53,653$9.04M0.1%History
HONHoneywell International IncCOM40,260$8.47M0.1%History
KDPKeurig Dr Pepper Inc.COM331,663$8.46M0.1%History
Spring Vy Acquisition Corp IG8377R127UNIT 09/04/2030804,250$8.36M0.1%–
METAMeta Platforms, Inc.Stock11,182$8.21M<0.1%History
KOYNUCSLM Digital Asset Acquisition Corp III, LtdUNIT 08/12/2030800,000$8.08M<0.1%History
OCOwens CorningStock56,847$8.04M<0.1%History
A Paradise Acquisition CorpG04819127UNIT 07/29/2030800,000$7.98M<0.1%–
AWIArmstrong World Industries IncCOM40,400$7.92M<0.1%History
TRIThomson Reuters CorpCOM NO PAR50,421$7.83M<0.1%History
PLTRPalantir Technologies Inc.Stock42,737$7.80M<0.1%History
GILDGilead Sciences, Inc.Stock70,087$7.78M<0.1%History
BDCIUBTC Development Corp.UNIT 09/11/2030750,000$7.58M<0.1%History
PCTYPaylocity Holding CorpCOM47,286$7.53M<0.1%History
BROSDutch Bros Inc.CL A140,590$7.36M<0.1%History
MLNKMeridianLink, Inc.COMMON STOCK358,926$7.15M<0.1%History
INVHInvitation Homes Inc.COM243,169$7.13M<0.1%History
CPTCamden Property TrustREIT66,703$7.12M<0.1%History
CRDOCredo Technology Group Holding LtdStock47,832$6.96M<0.1%History
BA.PABoeing CoDEP CONV PFD A100,000$6.95M<0.1%History
DBDeutsche Bank AktiengesellschaftNAMEN AKT195,501$6.92M<0.1%History
AVGOBroadcom Inc.Stock20,652$6.81M<0.1%History
SXTSensient Technologies CorpCOM71,636$6.72M<0.1%History
SPGIS&P Global Inc.Stock13,713$6.67M<0.1%History
CARRCarrier Global CorpStock111,189$6.64M<0.1%History
MORNMorningstar, Inc.COM28,188$6.54M<0.1%History
TWTradeweb Markets Inc.Stock56,134$6.23M<0.1%History
FAFFirst American Financial CorpStock95,997$6.17M<0.1%History
AGIAlamos Gold IncStock175,223$6.11M<0.1%History
AMHAmerican Homes 4 RentCL A182,687$6.07M<0.1%History
GSR III Acquisition Corp.G4R103107CL A585,653$6.07M<0.1%–
IFFInternational Flavors & Fragrances IncCOM96,805$5.96M<0.1%History
OSKOshkosh CorpCOM45,344$5.88M<0.1%History
MCOMoodys CorpStock12,324$5.87M<0.1%History
PRMBPrimo Brands CorpCLASS A COM SHS261,417$5.78M<0.1%History
CICigna GroupStock19,478$5.61M<0.1%History
CPRTCopart IncCOM124,255$5.59M<0.1%History
CVXChevron CorpStock35,710$5.55M<0.1%History
APGAPi Group CorpCOM STK159,260$5.47M<0.1%History
KNXKnight-Swift Transportation Holdings Inc.CL A138,020$5.45M<0.1%History
GENGen Digital Inc.Stock190,904$5.42M<0.1%History
RPRXRoyalty Pharma plcSHS CLASS A150,455$5.31M<0.1%History
TMUST-Mobile US, Inc.Stock21,363$5.11M<0.1%History
KOCoca Cola CoStock75,990$5.04M<0.1%History
FIGXUFIGX Capital Acquisition Corp.UNIT 06/17/2030500,000$5.04M<0.1%History
NRGNRG Energy, Inc.Stock30,257$4.90M<0.1%History
CHRDChord Energy CorpCOM NEW48,377$4.81M<0.1%History
BCCBoise Cascade CoCOM61,938$4.79M<0.1%History
D. Boral Arc Acq I Corp.G2616F127UNIT 07/23/2030475,000$4.75M<0.1%–
CHYMChime Financial, Inc.COM SHS CL A234,189$4.72M<0.1%History
Bain Capital GSS Investment Corp.G0R78B122COM450,000$4.54M<0.1%–
GGGGraco IncCOM51,898$4.41M<0.1%History
UFPIUfp Industries IncCOM46,224$4.32M<0.1%History
SOCAUSolarius Capital Acquisition Corp.UNIT 07/10/2030401,000$4.23M<0.1%History
ALSNAllison Transmission Holdings IncStock49,629$4.21M<0.1%History
ACIAlbertsons Companies, Inc.COMMON STOCK234,645$4.11M<0.1%History
IMSRWTerrestrial Energy Inc.*W EXP 99/99/999674,999$4.09M<0.1%History
SANMSanmina CorpCOM35,495$4.09M<0.1%History
VCTRVictory Capital Holdings, Inc.COM CL A61,280$3.97M<0.1%History
Silvia, Inc.G2296A109SHS CL A387,242$3.92M<0.1%–
CBChubb LtdStock13,615$3.84M<0.1%History
Pyrophyte Acquisition Corp.G7309T128UNIT 99/99/9999375,835$3.81M<0.1%–
PCGPG&E CorpStock250,987$3.78M<0.1%History
FHNFirst Horizon CorpCOM167,220$3.78M<0.1%History
ATIAti IncStock45,664$3.71M<0.1%History
PNFPPinnacle Financial Partners, Inc.COM38,379$3.60M<0.1%History
TREXTrex Co IncCOM69,467$3.59M<0.1%History
LEALear CorpCOM NEW35,447$3.57M<0.1%History