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WhiteHorse Finance, Inc.

WHF
Exchange
Nasdaq
SEC CIK
0001552198

No open-market purchases or sales by WhiteHorse Finance, Inc. insiders were filed in the last 90 days; 50 institutions reported holding it in 13F filings for Q2 2026, worth $22.4M in total; no superinvestor holds it.

Other share classesWHFCL

13F holders, Q4 2025

Institutional positions in WhiteHorse Finance, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
58
+9 vs. Q3 2025
Shares held
3.63M
+331.9K (+10.1%) vs. Q3 2025
Total value
$25.3M
+$2.58M (+11.4%) vs. Q3 2025
New holders
17
16 more added
Sold out
8
16 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting WHF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 58 institutions
Q1 2021: 51 institutionsQ2 2021: 48 institutionsQ3 2021: 47 institutionsQ4 2021: 48 institutionsQ1 2022: 40 institutionsQ2 2022: 45 institutionsQ3 2022: 48 institutionsQ4 2022: 63 institutionsQ1 2023: 56 institutionsQ2 2023: 52 institutionsQ3 2023: 53 institutionsQ4 2023: 57 institutionsQ1 2024: 55 institutionsQ2 2024: 62 institutionsQ3 2024: 54 institutionsQ4 2024: 61 institutionsQ1 2025: 51 institutionsQ2 2025: 50 institutionsQ3 2025: 49 institutionsQ4 2025: 58 institutionsQ1 2026: 49 institutionsQ2 2026: 50 institutions
Value heldQ4 2025: $25.3M
Q1 2021: $43.8MQ2 2021: $38.4MQ3 2021: $36.3MQ4 2021: $47.6MQ1 2022: $38.0MQ2 2022: $37.2MQ3 2022: $32.0MQ4 2022: $38.4MQ1 2023: $35.1MQ2 2023: $36.8MQ3 2023: $37.1MQ4 2023: $37.5MQ1 2024: $36.9MQ2 2024: $44.5MQ3 2024: $37.5MQ4 2024: $34.2MQ1 2025: $33.1MQ2 2025: $28.5MQ3 2025: $22.7MQ4 2025: $25.3MQ1 2026: $25.1MQ2 2026: $22.4M
Institutions holding WHF and their total value by quarter
QuarterHoldersValue
Q2 202650$22.4M
Q1 202649$25.1M
Q4 202558$25.3M
Q3 202549$22.7M
Q2 202550$28.5M
Q1 202551$33.1M
Q4 202461$34.2M
Q3 202454$37.5M
Q2 202462$44.5M
Q1 202455$36.9M
Q4 202357$37.5M
Q3 202353$37.1M
Q2 202352$36.8M
Q1 202356$35.1M
Q4 202263$38.4M
Q3 202248$32.0M
Q2 202245$37.2M
Q1 202240$38.0M
Q4 202148$47.6M
Q3 202147$36.3M
Q2 202148$38.4M
Q1 202151$43.8M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding WhiteHorse Finance, Inc.; share changes are against Q3 2025.

Institutions holding WHF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Lalia Capital, LLC665,873$4.63M3.62%+665,873New
CastleKnight Management LP292,456$2.03M0.12%+292,456New
Two Sigma Investments, LP257,519$1.79M0.00%+26,379+11.4%Added
Ethos Financial Group, LLC243,940$1.70M0.13%+21,486+9.7%Added
Two Sigma Advisers, LP206,252$1.43M0.00%−109,600−34.7%Reduced
Bank of America Corp185,004$1.29M0.00%−500−0.3%Reduced
Legal & General Group Plc162,730$1.13M0.00%+22,480+16.0%Added
Jane Street Group, LLC133,724$929.4K0.00%+133,724New
BlackRock, Inc.128,008$889.7K0.00%−11,133−8.0%Reduced
Bank of Montreal114,842$798.2K0.00%00.0%Unchanged
Ronald Blue Trust, Inc.95,601$664.4K0.01%+20,164+26.7%Added
Basso Capital Management, L.P.80,000$556.0K0.33%−35,138−30.5%Reduced
Sound Income Strategies, LLC76,922$532.3K0.03%−781,054−91.0%Reduced
LPL Financial LLC69,644$484.0K0.00%+23,047+49.5%Added
Citadel Advisors LLC65,798$457.3K0.00%+44,380+207.2%Added
Advisors Asset Management, Inc.63,534$441.6K0.01%−5,103−7.4%Reduced
Virtus Investment Advisers, Inc.57,825$401.9K0.11%−7,371−11.3%Reduced
Gables Capital Management Inc.54,095$376.0K0.16%−1,817−3.2%Reduced
Quadrature Capital Ltd48,840$339.4K0.00%+48,840New
BI Asset Management Fondsmaeglerselskab A/S48,487$337.0K0.00%00.0%Unchanged
Cambridge Investment Research Advisors, Inc.46,782$325.0K0.00%−1,079−2.3%Reduced
Susquehanna International Group, LLP43,037$299.1K0.00%+29,881+227.1%Added
UBS Group AG41,791$290.4K0.00%−25,368−37.8%Reduced
Closed-End Fund Advisors, Inc.41,157$286.0K0.17%+41,157New
XTX Topco Ltd29,785$207.0K0.01%+29,785New
Dimension Capital Management LLC28,337$196.9K0.03%00.0%Unchanged
Morgan Stanley27,619$192.0K0.00%+19,937+259.5%Added
Snowden Capital Advisors LLC26,517$190.9K0.00%+1,784+7.2%Added
Great West Life Assurance Co24,457$170.0K0.00%00.0%Unchanged
Qube Research & Technologies Ltd23,952$166.5K0.00%−8,079−25.2%Reduced
Raymond James Financial Inc20,086$139.6K0.00%−704−3.4%Reduced
HRT Financial LP19,922$138.0K0.00%+2,815+16.5%Added
GatePass Capital, LLC19,100$132.7K0.07%+19,100New
Advisor Group Holdings, Inc.18,634$129.5K0.00%+5,665+43.7%Added
Dynamic Technology Lab Private Ltd17,955$125.0K0.03%+17,955New
Northern Trust Corp16,908$117.5K0.00%−1,075−6.0%Reduced
NewEdge Wealth, LLC16,230$112.8K0.00%+73+0.5%Added
Trexquant Investment LP15,541$108.0K0.00%+15,541New
Royal Bank of Canada13,831$96.0K0.00%−4,757−25.6%Reduced
Mariner, LLC13,659$94.9K0.00%+682+5.3%Added
O'Shaughnessy Asset Management, LLC12,662$88.0K0.00%+12,662New
Powell Investment Advisors, LLC12,033$86.6K0.03%+973+8.8%Added
Northstar Advisory Group, LLC11,011$76.5K0.03%+571+5.5%Added
Norden Group LLC11,000$76.5K0.01%+11,000New
LSV Asset Management9,900$69.0K0.00%00.0%Unchanged
Kestra Advisory Services, LLC6,389$44.4K0.00%+6,389New
BNP Paribas Arbitrage, SA3,480$24.2K0.00%+3,480New
Ancora Advisors, LLC3,000$20.9K0.00%00.0%Unchanged
Simplex Trading, LLC1,509$10.5K0.00%+1,509New
Farther Finance Advisors, LLC1,173$8.15K0.00%−62−5.0%Reduced
Rockefeller Capital Management L.P.1,100$7.64K0.00%00.0%Unchanged
Group One Trading, L.P.1,100$7.64K0.00%+1,100New
Key Capital Management, INC555$3.86K0.00%+555New
Wells Fargo & Company255$1.77K0.00%−2,724−91.4%Reduced
International Assets Investment Management, LLC200$1.39K0.00%+200New
CWM, LLC200$1.00K0.00%+191+2,122.2%Added
CIBC Private Wealth Group, LLC72$5000.00%00.0%Unchanged
Delta Asset Management LLC15$1040.00%00.0%Unchanged
Marshall Wace, LLP0$00.00%−65,850−100.0%Sold out
Toroso Investments, LLC0$00.00%−54,455−100.0%Sold out
Marex Group plc0$00.00%−21,500−100.0%Sold out
Bard Associates Inc0$00.00%−17,741−100.0%Sold out
Commonwealth Equity Services, LLC0$00.00%−18,492−100.0%Sold out
TCG Advisory Services, LLC0$00.00%−10,810−100.0%Sold out
Advisory Services Network, LLC0$00.00%−3,728−100.0%Sold out
FNY Investment Advisers, LLC0$00.00%−1,800−100.0%Sold out