Skip to main content
Livermore
Livermore
ZHEN

Arena Capital Advisors, LLC- CA

SEC CIK
0001833078
Latest filing
Jul 23, 2026

The latest 13F from Arena Capital Advisors, LLC- CA covers Q2 2026 (filed Jul 23, 2026): 21 long positions worth $207.9M. The top 10 holdings make up 96.0% of the portfolio, and the largest is PG&E Corp at 19.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$35.5M
Added
1
Est. +$131.5K
Reduced
1
Est. −$2.03M
Sold out
2
Est. −$33.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. PG&E Corp69331CAL2
    19.1%$39.8M
  2. Herbalife Ltd.42703MAF0
    13.9%$28.8M
  3. Alarm Com Hldgs Inc011642AD7
    12.2%$25.4M
  4. Evolent Health, Inc.30050BAJ0
    11.6%$24.1M
  5. Alliant Energy Corp018802AE8
    9.2%$19.1M

Share of portfolio

Top 5 holdings and the other 16 positions, by share of portfolio value

  1. PG&E Corp19.1%
  2. Herbalife Ltd.13.9%
  3. Alarm Com Hldgs Inc12.2%
  4. Evolent Health, Inc.11.6%
  5. Alliant Energy Corp9.2%
  6. Other 16 positions34.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Alliant Energy Corp018802AE8
    +$19.1MNew
  2. PSUSPershing Square USA, Ltd.
    +$16.4MNewHistory
  3. HLFHerbalife Ltd.
    +$131.5KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Alliant Energy Corp018802AE8
    +9.21 pp0.0% → 9.2%
  2. PSUSPershing Square USA, Ltd.
    +7.87 pp0.0% → 7.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CSG Sys Intl Inc126349AH2
    −$31.0MSold out
  2. iShares Tr464287457
    −$2.89MSold out
  3. UNITUniti Group Inc.
    −$2.03MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CSG Sys Intl Inc126349AH2
    −15.55 pp15.5% → 0.0%
  2. iShares Tr464287457
    −1.45 pp1.4% → 0.0%
  3. UNITUniti Group Inc.
    −0.14 pp4.8% → 4.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$207.9M
+$8.23M (+4.1%) vs. prior quarter
Positions
21
0 vs. prior quarter
Top 10 concentration
96.0%
Top 10 as share of value
Turnover
17.5%
Q2 2026, one quarter
Average holding period
3.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.27B (Q3 2021)

Q1 2021: $1.01BQ2 2021: $1.21BQ3 2021: $1.27BQ4 2021: $1.09BQ1 2022: $658.2MQ2 2022: $395.9MQ3 2022: $329.4MQ4 2022: $183.2MQ1 2023: $71.6MQ2 2023: $29.9MQ3 2023: $84.7MQ4 2023: $96.7MQ1 2024: $63.4MQ2 2024: $87.4MQ3 2024: $91.8MQ4 2024: $84.1MQ1 2025: $64.5MQ2 2025: $69.2MQ3 2025: $240.6MQ4 2025: $165.3MQ1 2026: $199.7MQ2 2026: $207.9M
Q1 2021Q2 2026
13F filings of Arena Capital Advisors, LLC- CA by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202621$207.9MPG&E CorpHerbalife Ltd.Alarm Com Hldgs Incvs. Q1 2026SEC
Q1 2026May 4, 202621$199.7MPG&E CorpCSG Sys Intl IncHerbalife Ltd.vs. Q4 2025SEC
Q4 2025Feb 4, 202619$165.3MPG&E CorpHerbalife Ltd.Alarm Com Hldgs Incvs. Q3 2025SEC
Q3 2025Nov 13, 202525$240.6MDraftKings Inc.PG&E CorpDBDvs. Q2 2025SEC
Q2 2025Aug 13, 202519$69.2MDBDFLYYPLvs. Q1 2025SEC
Q1 2025May 1, 202516$64.5MDBDGSMHLFvs. Q4 2024SEC
Q4 2024Feb 10, 202529$84.1MDBDENDO INC CommonGSMvs. Q3 2024SEC
Q3 2024Nov 12, 202431$91.8MDBDENDO INC CommonGSMvs. Q2 2024SEC
Q2 2024Aug 6, 202437$87.4MDBDENDO INC CommonGSMvs. Q1 2024SEC
Q1 2024May 8, 202438$63.4MDBDCNDAGSMvs. Q4 2023SEC
Q4 2023Feb 1, 202444$96.7MDBDHCVICNDAvs. Q3 2023SEC
Q3 2023Nov 7, 202355$84.7MHCVIDBDWesco International Incvs. Q2 2023SEC
Q2 2023Aug 1, 202357$29.9MHCVICNDAPower & Digital Infrastructuvs. Q1 2023SEC
Q1 2023May 12, 2023108$71.6MKhosla Ventures Acqut Co IIIVLATHCVIvs. Q4 2022SEC
Q4 2022Feb 9, 2023165$183.2MDGNUKhosla Ventures Acqut Co IIIVLATvs. Q3 2022SEC
Q3 2022Nov 9, 2022257$329.4MOSIRevolution Healthcar Aq CorpDGNUvs. Q2 2022SEC
Q2 2022Aug 9, 2022282$395.9MOSIRevolution Healthcar Aq CorpDGNUvs. Q1 2022SEC
Q1 2022May 13, 2022330$658.2MHCVIOSIRevolution Healthcar Aq Corpvs. Q4 2021SEC
Q4 2021Feb 14, 2022377$1.09BNSTBHennessy Capital Invst CorpCNDAUvs. Q3 2021SEC
Q3 2021Nov 12, 2021403$1.27BNSTBRevolution Healthcar Aq CorpHennessy Capital Invst Corpvs. Q2 2021SEC
Q2 2021Aug 11, 2021399$1.21BNSTBOsiris Acquisition Corp.Revolution Healthcar Aq Corpvs. Q1 2021SEC
Q1 2021May 25, 2021221$1.01BRevolution Healthcar Aq CorpNSTBDGNU–SEC

13D and 13G filings

Companies where Arena Capital Advisors, LLC- CA reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Arena Capital Advisors, LLC- CA owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
FLYYSpirit Aviation Holdings, Inc.13G9.90%2.58M sharesNewAug 6, 20251 filingAug 6, 2025SEC
EVAEnviva, LLC13G9.01%7.04M shares–Dec 16, 20242 filingsFeb 5, 2025SEC

Latest filings

37 filings on file made by Arena Capital Advisors, LLC- CA or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Arena Capital Advisors, LLC- CA
CompanyFiled (ET)FormStakeChangeEvent dateFiling
FLYYSpirit Aviation Holdings, Inc.Aug 6, 202511:26 AM ET13G9.90%2.58M sharesNewJun 30, 2025SEC
EVAEnviva, LLCFeb 5, 20251:43 PM ET13G9.01%7.04M shares–Dec 31, 2024SEC
EVAEnviva, LLCDec 16, 202413GOld format–New–SEC
Corazon Capital V838 Monoceros CorpFeb 12, 202413G/AOld format–––SEC
PDACPeridot Acquisition Corp.Feb 12, 202413G/AOld format–––SEC
Hennessy Capital Investment Corp. VFeb 12, 202413G/AOld format–––SEC
APMIUAxonPrime Infrastructure Acquisition CorpFeb 12, 202413G/AOld format–––SEC
CNDAConcord Acquisition Corp IIFeb 12, 202413G/AOld format–––SEC
VLATValor Latitude Acquisition Corp.Feb 12, 202413G/AOld format–––SEC
HCVIRed Rock Acquisition Corp.Jan 22, 202413G/AOld format–––SEC
HCVIRed Rock Acquisition Corp.Oct 24, 202313GOld format–New–SEC
Corazon Capital V838 Monoceros CorpFeb 13, 202313G/AOld format–––SEC
PDACPeridot Acquisition Corp.Feb 13, 202313G/AOld format–––SEC
HumanCo Acquisition Corp.Feb 13, 202313G/AOld format–––SEC
Hennessy Capital Investment Corp. VFeb 13, 202313G/AOld format–––SEC
VLATValor Latitude Acquisition Corp.Feb 13, 202313G/AOld format–––SEC
H.I.G. Acquisition Corp.Feb 13, 202313G/AOld format–––SEC
APMIUAxonPrime Infrastructure Acquisition CorpFeb 13, 202313G/AOld format–––SEC
NSTBNorthern Star Investment Corp. IIFeb 13, 202313G/AOld format–––SEC
CNDAConcord Acquisition Corp IIFeb 13, 202313G/AOld format–––SEC