Berkley W R Corp.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Berkley W R Corp. reported 169 stock positions worth $1.5 billion. Its top holding was Enterprise Products Partners (EPD) at 12.4% of the portfolio, followed by Energy Transfer (ET, 8.2%) and Amazon.com (AMZN, 5.5%). Compared with Q2 2025, it opened 37 new positions, sold out of 32, added to 41 and reduced 15. The biggest buy was a new position in Tesla (TSLA) and the biggest sale Kinder Morgan (KMI, shares −57%).

Most Recent 13F
Q2 2026
Location
Greenwich, CT
CIK
0000011544
Portfolio Value
$1.5B (Q3 2025)
SEC Filing
0000899140-25-001317 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.8B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.8B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.5B $1.5B Q3 2025 Q4 2025: $1.8B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $2.0B Q2 2026

Holdings 169 stocks · $1.5B
EPD Enterprise Products Partners 12.38% 6,000,000 $187.6M Add +17.9%
ET Energy Transfer LP 8.21% 7,250,000 $124.4M Add +14.4%
AMZN Amazon.com Inc. 5.47% 377,900 $83.0M Add +55.1%
KMI Kinder Morgan Inc. 5.30% 2,837,206 $80.3M Reduce -57.2%
VC Visteon Corp. 3.16% 400,200 $48.0M No change
TSLA Tesla Inc. 2.92% 99,400 $44.2M New
ON On Semiconductor 2.38% 731,118 $36.1M No change
OZK Bank Ozk 2.36% 703,000 $35.8M No change
ANSC Agriculture & Natural Soluti 2.34% 3,248,953 $35.4M No change
WES Western Midstream Partners L 2.30% 887,163 $34.9M New
AAM Aa Mission Acquisition Cor-A 2.24% 3,230,319 $34.0M No change
PAA Plains All Amer Pipeline LP 2.17% 1,926,802 $32.9M New
GBLI Global Indemnity Group LLC-A 1.76% 919,661 $26.7M No change
MSFT Microsoft Corp. 1.70% 49,800 $25.8M New
NTR Nutrien Ltd. 1.69% 437,080 $25.7M No change
HAYMAKER ACQUISITION CORP 4 1.26% 1,680,012 $19.1M Add +826.0%
NVDA Nvidia Corp. 1.22% 99,500 $18.6M Reduce -50.0%
EVAC Eqv Ventures Acquisition C-A 1.16% 1,771,842 $17.6M New
NETD Nabors Energy Transition C-A 1.00% 1,356,330 $15.2M Reduce -12.1%
KCHV Kochav Defense Acquisition-A 0.96% 1,457,013 $14.6M Add +45.4%
GOOG Alphabet Inc. Class C 0.96% 59,800 $14.5M Add +50.3%
VACH Voyager Acquisition Corp. 0.85% 1,232,963 $12.9M Add +1.5%
MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR 0.69% 1,011,727 $10.5M Reduce -16.5%
JOE The St Joe Co. 0.68% 209,542 $10.4M No change
RFAI RF Acquisition Corp. II 0.66% 937,845 $10.1M Add +24.3%
KFII K&F Growth Acquisition Cor-A 0.66% 975,455 $10.0M No change
LPAA Launch One Acquisition Corp. 0.63% 912,609 $9.6M Add +188.6%
COPL Copley Acquisition Corp. Class A 0.62% 928,219 $9.4M No change
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.61% 929,870 $9.3M Add +41.0%
VCIC Vine Hill Capital Class A 0.56% 799,435 $8.6M No change
KVACF Keen Vision Acquisition Corp. 0.54% 714,015 $8.2M Reduce -31.8%
CAPN Cayson Acquisition Corp. 0.53% 763,302 $8.0M No change
PLMK Plum Acquisition Corp. IV 0.52% 768,888 $7.9M No change
IPEX Inflection Point Acquisition filed as MAYWOOD ACQUISITION CORP 0.51% 757,946 $7.8M Add +73.9%
CHAR Charlton Aria Acquisiti Class A 0.50% 735,326 $7.6M Add +68.6%
HSPT Horizon Space Acquisition II 0.49% 722,303 $7.5M Add +7.1%
FTW Eqv Ventures Acquisition C-A 0.49% 718,183 $7.5M Add +8.1%
GTERA Globa Terra Acquisition Co. Class A 0.47% 717,526 $7.2M New
DTSQ DT Cloud Star Acquisition Co. 0.47% 673,926 $7.0M Add +69.5%
YHNA YHN Acquisition I Ltd. 0.46% 673,553 $7.0M No change
VZ Verizon Communications Inc. 0.46% 157,666 $6.9M No change
MACI Melar Acquisition Corp. I-A 0.45% 645,820 $6.8M Add +99.7%
CUB Lionheart Holdings Class A 0.44% 631,691 $6.6M No change
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.43% 646,230 $6.6M No change
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.43% 642,098 $6.4M No change
LPBB Launch Two Acquisition Class A 0.42% 612,172 $6.4M No change
ASPC A Spac III Acquisition Class A 0.42% 615,149 $6.4M Add +19.3%
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.40% 580,648 $6.1M No change
RANG Range Capital Acquisition Co. 0.39% 572,060 $5.9M No change
BEAG Bold Eagle Acquisition Cor-A 0.38% 552,677 $5.7M No change
SIMA Sim Acquisition Corp. I-A 0.36% 521,518 $5.5M No change
PGAC Pantages Capital Acquisition 0.36% 532,089 $5.5M Add +59.7%
BACC Blue Acquisition Corp. Class A 0.36% 542,059 $5.4M Add +80.3%
CCII Cohen Circle Acquisit II - A 0.35% 520,912 $5.3M New
PELI Pelican Acquisition Corp. 0.34% 517,961 $5.2M Add +46.8%
CHECU Chenghe Acquisition III Co. 0.34% 521,010 $5.2M New
AFJK Aimei Health Technology Co. 0.34% 450,655 $5.1M Add +6.0%
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 0.33% 500,128 $5.1M No change
GTEN Gores Holdings X Inc. Class A 0.33% 492,370 $5.0M Reduce -0.7%
TACH Titan Acquisition Corp. Class A 0.33% 496,400 $5.0M No change
DMIIU Drugs Made in America Acquis 0.33% 496,100 $4.9M New
OYSE Oyster Enterprises II Acq-A 0.31% 475,872 $4.8M No change
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.31% 449,128 $4.7M Add +272.3%
RIBB Ribbon Acquisition Corp. 0.31% 462,604 $4.7M Add +5.7%
TVAI Thayer Ventures Acquis Class A 0.31% 463,391 $4.6M No change
ALDF Aldel Financial II Inc. 0.29% 425,000 $4.4M No change
NMP NMP Acquisition Corp. Class A 0.29% 445,304 $4.4M New
POLE Andretti Acquisition Corp. Class A 0.29% 421,812 $4.4M No change
PCAP Procap Acquisition Corp. Class A 0.29% 427,737 $4.4M Add +56.9%
IBAC Ib Acquisition Corp. 0.28% 405,289 $4.3M Add +0.1%
FSHP Flag Ship Acquisition Corp. 0.28% 400,938 $4.2M Reduce -39.1%
OBA Oxley Bridge Acquisitio Class A 0.28% 424,660 $4.2M Add +71.3%
SPEG Silver Pegasus Acquisition-A 0.27% 415,865 $4.1M New
COLA Columbus Acquisition Corp. 0.27% 404,653 $4.1M Add +6.5%
NPAC New Providence Acquisition-A 0.27% 396,879 $4.0M No change
AACB Artius II Acquisition Inc. Class A 0.27% 396,960 $4.0M No change
SZZL Sizzle Acquisition Corp. Class A 0.26% 396,768 $4.0M No change
IPCX Inflection Point Acquisiti-A 0.26% 396,880 $4.0M No change
KOYN CSLM Digital Asset Acqu - A 0.26% 396,106 $3.9M New
AEXA American Exceptionalism Class A 0.25% 348,145 $3.8M New
LATAU Galata Acquisition Corp. II 0.24% 371,961 $3.7M New
UYSC Uy Scuti Acquisition Corp. 0.24% 356,642 $3.6M No change
OAKU Oak Woods Acquisition Corp. Class A 0.24% 300,420 $3.6M No change
JACS Jackson Acquisition Co. Class A 0.24% 346,265 $3.6M No change
GSRT GSR III Acquisition Corp. 0.23% 343,707 $3.6M Reduce -10.3%
DYNC Dynamix Corp. 0.23% 341,800 $3.6M Add +367.0%
XRPN Armada Acquisition Class A 0.23% 340,390 $3.6M Add +17.1%
BKHA Black Hawk Acquisition Cor-A 0.23% 308,584 $3.4M Reduce -33.3%
BAYA Bayview Acquisition Corp. Class A 0.23% 298,371 $3.4M No change
EURK Eureka Acquisition Corp. 0.22% 305,628 $3.3M No change
SVIIF Spring Valley Acquisition-A 0.21% 257,447 $3.2M Reduce -18.6%
GPAT GP-Act III Acquisition-A 0.21% 297,992 $3.2M No change
FG MERGER II CORP 0.21% 316,028 $3.2M New
BRR Columbus Circle Capital Co. Class A 0.21% 311,213 $3.1M Add +597.6%
TVA Texas Ventures Acquisition-A 0.21% 291,709 $3.1M Reduce -33.8%
RAC Rithm Acquisition Corp. Class A 0.20% 298,200 $3.1M No change
RDAG Republic Digital Acquis Class A 0.20% 297,570 $3.0M No change
CHAC Crane Harbor Acqu Corp. Class A 0.20% 297,660 $3.0M No change
GSRFU GSR IV Acquisition Corp. 0.20% 297,599 $3.0M New
BSAA Best Spac I Acquisition-A 0.20% 298,583 $3.0M New
WTG Wintergreen Acquisition Corp. 0.20% 296,504 $3.0M Add +3.1%
EMISU Emmis Acquisition Corp. 0.20% 297,660 $3.0M New
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 0.20% 230,512 $3.0M New
QSEA Quartzsea Acquisition Corp. 0.19% 288,603 $2.9M Add +93.4%
ALPHAVEST ACQUISITION CORP 0.18% 233,745 $2.8M No change
DRDB Roman DBDR Acquisition Corp. 0.18% 267,634 $2.8M No change
HCMA HCM III Acquisition Cor Class A 0.18% 265,299 $2.7M New
BLZRU Trailblazer Acquisition Corp. 0.18% 261,008 $2.7M New
SVCC Stellar V Capital Corp. Class A 0.18% 258,308 $2.7M No change
IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP 0.17% 160,672 $2.6M Reduce -59.6%
TONT Graf Global Corp. Class A 0.17% 248,226 $2.6M No change
CEPT Cantor Equity Partners Class A 0.17% 247,603 $2.6M No change
FACT Fact II Acquisition Corp. 0.17% 248,510 $2.6M No change
HSPOF Horizon Space Acquisition I 0.17% 205,129 $2.5M No change
JENA Jena Acquisition Corp. II - A 0.17% 247,850 $2.5M No change
SOUL Soulpower Acquisition Co. Class A 0.16% 247,850 $2.5M No change
MBVIU M3-Brigade Acquisition Vi Co. 0.16% 242,245 $2.5M New
RDAC Rising Dragon Acquisition Co. 0.16% 234,708 $2.4M Add +2.2%
TBMC Trailblazer Merger Corp. I 0.16% 205,817 $2.4M No change
FVN Future Vision II Acquisition 0.16% 227,373 $2.4M Add +64.9%
ALF Centurion Acquisition Corp. 0.16% 223,961 $2.4M No change
OACC Oaktree Acquisition Corp. I-A 0.16% 223,645 $2.4M Add +125.2%
ATII Archimedes Tech Spac Partner 0.15% 228,206 $2.3M No change
SDHI Siddhi Acquisition Corp. Class A 0.15% 224,124 $2.3M No change
MLAC Mountain Lake Acquisition-A 0.15% 218,060 $2.2M No change
LWAC Lightwave Acquisition Corp. Class A 0.15% 223,178 $2.2M No change
BCAR D. Boral Arc Acquisit Class A 0.15% 223,168 $2.2M New
TAVI Tavia Acquisition Corp. 0.14% 211,118 $2.2M No change
LEGT Legato Merger Corp. III 0.14% 199,033 $2.1M Add +33.6%
CHPG Championsgate Acquisitio-A 0.14% 209,151 $2.1M No change
ALPHATIME ACQUISITION CORP 0.14% 170,992 $2.1M No change
SVACU Spring Valley Acquisition Co. 0.13% 198,401 $2.0M New
CEPF Cantor Equity Partners Class A 0.13% 198,840 $2.0M New
FERA Fifth Era Acquisition Corp. Class A 0.13% 198,800 $2.0M No change
HVMCU Highview Merger Corp. 0.13% 198,360 $2.0M New
AXIN Axiom Intelligence Class A 0.13% 198,300 $2.0M No change
RTAC Renatus Tactical Acquisiti-A 0.12% 170,508 $1.9M Reduce -14.1%
TDAC Translational Development Ac 0.12% 173,530 $1.8M No change
SBXDF Silverbox Corp. IV-A 0.12% 171,191 $1.8M Add +184.2%
CEPO Cantor Equity Partners I-A 0.12% 170,994 $1.8M Add +4.3%
NHIC Newhold Investment Cor III-A 0.12% 173,950 $1.8M No change
LCCC Lakeshore Acquisition III Co. 0.12% 175,560 $1.8M No change
OTGAU Otg Acquisition Corp. I 0.12% 173,740 $1.7M New
GSHR Gesher Acquisition Corp. II-A 0.11% 163,796 $1.7M No change
PMTR Perimeter Acquis Corp. I Class A 0.10% 148,830 $1.5M No change
QUMSU Quantumsphere Acquisition Co. 0.10% 148,770 $1.5M New
BDCIU BTC Development Corp. 0.10% 148,816 $1.5M New
EGHA Egh Acquisition Co. Class A 0.10% 148,800 $1.5M No change
INAC Indigo Acquisition Corp. 0.10% 148,815 $1.5M New
PACH Pioneer Acquisition I Class A 0.10% 148,726 $1.5M No change
CAEP Cantor Equity Partners III-A 0.08% 124,275 $1.3M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.08% 124,250 $1.3M No change
FIGX Figx Capital Acquisition C-A 0.08% 114,092 $1.1M Add +1.2%
FCRS.U Futurecrest Acquisition Corp. 0.07% 99,220 $1.1M New
NTWO Newbury Street II Ac Class A 0.07% 100,000 $1.0M No change
TACO Berto Acquisition Corp. 0.07% 99,220 $1.0M No change
BCSS.U Bain Capital GSS Investment 0.07% 100,210 $1.0M New
WENN Wen Acquisition Corp. Class A 0.07% 99,140 $1.0M No change
SOCA Solarius Capital Acquis Class A 0.07% 99,230 $988K New
ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP 0.06% 99,190 $982K New
MCGA Yorkville Acquisition Corp. Class A 0.06% 80,183 $855K New
WLAC Willow Lane Acquisition Class A 0.05% 69,417 $804K Reduce -64.0%
ONCH 1RT Acquisition Corp. Class A 0.05% 74,416 $778K New
APACU Stonebridge Acquisition II C 0.04% 64,486 $643K New
NOEM CO2 Energy Transition Corp. 0.04% 59,823 $608K Add +0.3%
EMCGF Embrace Change Acquisition C 0.03% 41,971 $507K No change
CCIX Churchill Capital Corp. Ix 0.03% 39,976 $419K Add +46.2%
FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR 0.01% 15,913 $168K No change
GOOGL Alphabet Inc. Class A 0.00% 100 $24K Reduce -99.9%

Options reported separately and not counted above: AMZN puts ($83.0M), TSLA puts ($44.2M), MSFT puts ($25.8M), NVDA puts ($18.6M), GOOG puts ($14.5M), GOOGL puts ($24K).

Other holdings (60): bonds, preferreds, convertibles and warrants · $33.1M (not counted above)
SecurityClassShares / PrincipalValueChange
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal 12,434,000$12.2MNew
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) NOTE 1.500% 2/1 · principal 9,027,000$8.9MNew
GOPRO INC (GPRO 1.25 11/15/25) NOTE 1.250%11/1 · principal 4,973,000$5.0MNew
REDFIN CORP (RDFN 0 10/15/25) NOTE 10/1 · principal 4,974,000$4.9MNew
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 590,614$142KNew
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 119,138$131KReduce -45.9%
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 404,996$89KReduce -59.6%
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 303,712$76KReduce -5.4%
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 99,180$75KReduce -20.0%
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 258,486$70KNo change
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 248,550$67KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 466,409$66KAdd +41.5%
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 88,433$63KNew
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 354,412$60KReduce -23.5%
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 90,880$59KNo change
COPL.WS Copley Acquisition Corp. -30 *W EXP 99/99/999 265,964$53KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 56,081$53KReduce -61.4%
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 396,920$52KNo change
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 42,169$51KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 39,676$48KReduce -11.1%
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 294,070$47KReduce -2.2%
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 103,913$47KReduce -32.3%
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 211,057$44KReduce -23.5%
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 98,903$43KNew
UYSCR Uy Scuti Acquisition Corp. RIGHT 03/03/2030 207,793$42KNo change
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 194,371$39KReduce -21.6%
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 228,022$39KReduce -52.1%
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 121,048$38KReduce -18.7%
BSAAR Best Spac I Acquisition - RT RIGHT 05/27/2030 262,781$37KNew
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 212,330$36KAdd +71.3%
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 142,535$36KNew
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 216,309$35KReduce -13.9%
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 111,524$34KReduce -25.1%
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 124,050$27KNo change
CHPGR Championsgate Acquisition Co. RIGHT 05/14/2030 209,151$27KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 99,550$26KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 124,850$26KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 81,898$26KNo change
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 98,980$25KNo change
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 38,313$25KNo change
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 148,815$24KNew
LCCCR Lakeshore Acquisition III Co. RIGHT 08/01/2026 101,180$20KNo change
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 111,282$20KReduce -0.3%
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 50,065$18KReduce -41.2%
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 85,484$18KNew
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 99,192$18KNo change
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 18,604$17KNew
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 74,363$16KNo change
HSPTR Horizon Space Acquisition II RIGHT 03/30/2026 106,993$16KNo change
ASPCR A Spac III Acquisition Corp. RIGHT 01/02/2026 81,046$15KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 17,860$12KReduce -64.0%
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 39,523$11KReduce -46.9%
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 59,990$10KNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 23,861$10KReduce -36.0%
RIBBR Ribbon Acquisition Corp. RIGHT 12/31/2026 35,724$7KNo change
CHENGHE ACQUISITION II CO *W EXP 05/30/203 74,685$7KNew
COLAR Columbus Acquisition Corp. RIGHT 99/99/9999 49,795$6KNo change
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 17,254$5KReduce -80.1%
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 16,197$3KNo change
EMCWF Embrace Change Acquisitio-26 *W EXP 10/25/202 37,000$422No change

Total filed on the 13F, all lines: $1.5B.

Portfolio Sells Q2 2025 → Q3 2025
KMI Kinder Morgan Inc. Reduce -57.2% 5.30% −6.79
CRM Salesforce Inc. Sold out 0.00% −2.86
ARES ACQUISITION CORP II Sold out 0.00% −2.47
AXP American Express Co. Sold out 0.00% −1.97
WIX LTD (WIX 0 08/15/25) Sold out 0.00% −1.48
CSCO Cisco Systems Inc. Sold out 0.00% −1.28
AAPL Apple Inc. Sold out 0.00% −1.27
INTC Intel Corp. Sold out 0.00% −1.06
GOOGL Alphabet Inc. Class A Reduce -99.9% 0.00% −0.99
RRC Range Resources Corp. Sold out 0.00% −0.88
RENEF Cartesian Growth Corp. II- A Sold out 0.00% −0.80
MDT Medtronic PLC Sold out 0.00% −0.76
NICE LTD (NICEIT 0 09/15/25) Sold out 0.00% −0.73
NVDA Nvidia Corp. Reduce -50.0% 1.22% −0.72
SPKLF Spark I Acquisition Corp. Sold out 0.00% −0.67
NKE Nike Inc. Class B Sold out 0.00% −0.58
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) Sold out 0.00% −0.55
PEG Public Service Enterprise GP Sold out 0.00% −0.52
NXPI NXP Semiconductors NV Sold out 0.00% −0.37
BDX Becton Dickinson and Co. Sold out 0.00% −0.34
BBOT Bridgebio Oncology Therapeut Sold out 0.00% −0.29
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) Sold out 0.00% −0.26
XEL Xcel Energy Inc. Sold out 0.00% −0.26
UCFI CN Healthy Food Tech Group C Sold out 0.00% −0.26
OKTA INC (OKTA 0.125 09/01/25) Sold out 0.00% −0.24
VICI Vici Properties Inc. Sold out 0.00% −0.21
KVACF Keen Vision Acquisition Corp. Reduce -31.8% 0.54% −0.20
CCCXU Churchill Capital Corp. X Sold out 0.00% −0.18
STT State Street Corp. Sold out 0.00% −0.17
FSHP Flag Ship Acquisition Corp. Reduce -39.1% 0.28% −0.15
IMSR Terrestrial Energy Inc. Reduce -59.6% 0.17% −0.10
DYCQ DT Cloud Acquisition Corp. Sold out 0.00% −0.10
FORL Four Leaf Acquisition Cor-A Sold out 0.00% −0.09
MRLN Merlin Inc. Reduce -16.5% 0.69% −0.08
BKHA Black Hawk Acquisition Cor-A Reduce -33.3% 0.23% −0.08
BBY Best Buy Co. Inc. Sold out 0.00% −0.08
TVA Texas Ventures Acquisition-A Reduce -33.8% 0.21% −0.07
WLAC Willow Lane Acquisition Class A Reduce -64.0% 0.05% −0.07
NETD Nabors Energy Transition C-A Reduce -12.1% 1.00% −0.06
CHEB Chenghe Acquisition II Co. Sold out 0.00% −0.04
CCIR Cohen Circle Acquisitio Class A Sold out 0.00% −0.03
RTAC Renatus Tactical Acquisiti-A Reduce -14.1% 0.12% −0.02
GSRT GSR III Acquisition Corp. Reduce -10.3% 0.23% −0.02
SVIIF Spring Valley Acquisition-A Reduce -18.6% 0.21% −0.02
META Meta Platforms Inc. Class A Sold out 0.00% −0.01
COLOMBIER ACQUISITION CORP Sold out 0.00% −0.01
GTEN Gores Holdings X Inc. Class A Reduce -0.7% 0.33% +0.02

Portfolio Buys Q2 2025 → Q3 2025
TSLA Tesla Inc. New 2.92% +2.92
EPD Enterprise Products Partners Add +17.9% 12.38% +2.58
WES Western Midstream Partners L New 2.30% +2.30
PAA Plains All Amer Pipeline LP New 2.17% +2.17
AMZN Amazon.com Inc. Add +55.1% 5.47% +2.16
MSFT Microsoft Corp. New 1.70% +1.70
EVAC Eqv Ventures Acquisition C-A New 1.16% +1.16
HAYMAKER ACQUISITION CORP 4 Add +826.0% 1.26% +1.13
ET Energy Transfer LP Add +14.4% 8.21% +1.08
GOOG Alphabet Inc. Class C Add +50.3% 0.96% +0.52
GTERA Globa Terra Acquisition Co. Class A New 0.47% +0.47
LPAA Launch One Acquisition Corp. Add +188.6% 0.63% +0.43
CCII Cohen Circle Acquisit II - A New 0.35% +0.35
CHECU Chenghe Acquisition III Co. New 0.34% +0.34
KCHV Kochav Defense Acquisition-A Add +45.4% 0.96% +0.33
DMIIU Drugs Made in America Acquis New 0.33% +0.33
NMP NMP Acquisition Corp. Class A New 0.29% +0.29
SPEG Silver Pegasus Acquisition-A New 0.27% +0.27
KOYN CSLM Digital Asset Acqu - A New 0.26% +0.26
AEXA American Exceptionalism Class A New 0.25% +0.25
LATAU Galata Acquisition Corp. II New 0.24% +0.24
IPEX Inflection Point Acquisition Add +73.9% 0.51% +0.24
MACI Melar Acquisition Corp. I-A Add +99.7% 0.45% +0.24
VLOS Velos Acquisition I Corp. Add +272.3% 0.31% +0.23
CHAR Charlton Aria Acquisiti Class A Add +68.6% 0.50% +0.22
DTSQ DT Cloud Star Acquisition Co. Add +69.5% 0.47% +0.21
FG MERGER II CORP New 0.21% +0.21
BLUW Blue Water Acquisition C-A Add +41.0% 0.61% +0.20
GSRFU GSR IV Acquisition Corp. New 0.20% +0.20
BSAA Best Spac I Acquisition-A New 0.20% +0.20
EMISU Emmis Acquisition Corp. New 0.20% +0.20
INFQ Infleqtion Inc. New 0.20% +0.20
DYNC Dynamix Corp. Add +367.0% 0.23% +0.19
BRR Columbus Circle Capital Co. Class A Add +597.6% 0.21% +0.18
HCMA HCM III Acquisition Cor Class A New 0.18% +0.18
BLZRU Trailblazer Acquisition Corp. New 0.18% +0.18
RFAI RF Acquisition Corp. II Add +24.3% 0.66% +0.17
BACC Blue Acquisition Corp. Class A Add +80.3% 0.36% +0.17
MBVIU M3-Brigade Acquisition Vi Co. New 0.16% +0.16
PGAC Pantages Capital Acquisition Add +59.7% 0.36% +0.15
BCAR D. Boral Arc Acquisit Class A New 0.15% +0.15
SVACU Spring Valley Acquisition Co. New 0.13% +0.13
CEPF Cantor Equity Partners Class A New 0.13% +0.13
HVMCU Highview Merger Corp. New 0.13% +0.13
OBA Oxley Bridge Acquisitio Class A Add +71.3% 0.28% +0.12
PELI Pelican Acquisition Corp. Add +46.8% 0.34% +0.12
OTGAU Otg Acquisition Corp. I New 0.12% +0.12
PCAP Procap Acquisition Corp. Class A Add +56.9% 0.29% +0.11
QSEA Quartzsea Acquisition Corp. Add +93.4% 0.19% +0.10
QUMSU Quantumsphere Acquisition Co. New 0.10% +0.10

Options Activity Q2 2025 → Q3 2025
AMZN Amazon.com Inc. put Add +55.1% 377,900 $83.0M
CRM Salesforce Inc. put Sold out 169,100 $46.1Mbefore exit
TSLA Tesla Inc. put New 99,400 $44.2M
AXP American Express Co. put Sold out 99,400 $31.7Mbefore exit
MSFT Microsoft Corp. put New 49,800 $25.8M
CSCO Cisco Systems Inc. put Sold out 298,300 $20.7Mbefore exit
AAPL Apple Inc. put Sold out 99,400 $20.4Mbefore exit
NVDA Nvidia Corp. put Reduce -50.0% 99,500 $18.6M
GOOG Alphabet Inc. Class C put Add +50.3% 59,800 $14.5M
RRC Range Resources Corp. put Sold out 348,000 $14.2Mbefore exit
MDT Medtronic PLC put Sold out 140,500 $12.2Mbefore exit
NKE Nike Inc. Class B put Sold out 131,700 $9.4Mbefore exit
PEG Public Service Enterprise GP put Sold out 99,400 $8.4Mbefore exit
NXPI NXP Semiconductors NV put Sold out 27,500 $6.0Mbefore exit
BDX Becton Dickinson and Co. put Sold out 31,800 $5.5Mbefore exit
XEL Xcel Energy Inc. put Sold out 61,800 $4.2Mbefore exit
VICI Vici Properties Inc. put Sold out 104,400 $3.4Mbefore exit
STT State Street Corp. put Sold out 25,700 $2.7Mbefore exit
BBY Best Buy Co. Inc. put Sold out 18,500 $1.2Mbefore exit
META Meta Platforms Inc. Class A put Sold out 300 $221Kbefore exit
GOOGL Alphabet Inc. Class A put Reduce -99.9% 100 $24K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal New 12,434,000 $12.2M
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) NOTE 1.500% 2/1 · principal New 9,027,000 $8.9M
GOPRO INC (GPRO 1.25 11/15/25) NOTE 1.250%11/1 · principal New 4,973,000 $5.0M
REDFIN CORP (RDFN 0 10/15/25) NOTE 10/1 · principal New 4,974,000 $4.9M
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 New 590,614 $142K
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 Reduce -45.9% 119,138 $131K
KCHVR Kochav Defense Acquisition-R RIGHT 05/21/2030 Reduce -59.6% 404,996 $89K
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 Reduce -5.4% 303,712 $76K
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 Reduce -20.0% 99,180 $75K
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 Add +41.5% 466,409 $66K
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 New 88,433 $63K
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 Reduce -23.5% 354,412 $60K
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 Reduce -61.4% 56,081 $53K
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 Reduce -11.1% 39,676 $48K
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 Reduce -2.2% 294,070 $47K
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 Reduce -32.3% 103,913 $47K
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 Reduce -23.5% 211,057 $44K
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 New 98,903 $43K
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 Reduce -21.6% 194,371 $39K
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 Reduce -52.1% 228,022 $39K
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 Reduce -18.7% 121,048 $38K
BSAAR Best Spac I Acquisition - RT RIGHT 05/27/2030 New 262,781 $37K
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 Add +71.3% 212,330 $36K
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 Sold out 73,656 $36Kbefore exit
SPEGR Silver Pegasus Acquisition C RIGHT 06/26/2030 New 142,535 $36K
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 Reduce -13.9% 216,309 $35K
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 Reduce -25.1% 111,524 $34K
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 Sold out 68,823 $25Kbefore exit
INACR Indigo Acquisition Corp. RIGHT 04/02/2027 New 148,815 $24K
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 Sold out 33,073 $21Kbefore exit
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 Reduce -0.3% 111,282 $20K
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 Reduce -41.2% 50,065 $18K
NMPAR NMP Acquisition Corp. RIGHT 06/27/2030 New 85,484 $18K
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 New 18,604 $17K
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 Sold out 74,383 $14Kbefore exit
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 Reduce -64.0% 17,860 $12K
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 Reduce -46.9% 39,523 $11K
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 Reduce -36.0% 23,861 $10K
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 Sold out 35,843 $7Kbefore exit
CHENGHE ACQUISITION II CO *W EXP 05/30/203 New 74,685 $7K
CHEB.WS Chenghe Acquisition II - 29 *W EXP 05/30/203 Sold out 74,685 $7Kbefore exit
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 Sold out 25,000 $5Kbefore exit
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 Reduce -80.1% 17,254 $5K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 266$2.0BEPD, ET, KMI, PAA, ON
Q1 2026 238$1.9BEPD, ET, KMI, PAA, WES
Q4 2025 193$1.8BEPD, ET, NVDA, KMI, MSFT
Q3 2025 169$1.5BEPD, ET, AMZN, KMI, VC
Q2 2025 165$1.6BKMI, EPD, ET, AMZN, CRM
Q1 2025 126$1.4BKMI, EPD, ET, TSLA, NVDA
Q4 2024 125$1.8BKMI, EPD, ET, AMZN, AAPL
Q3 2024 134$1.4BKMI, EPD, ET, NVDA, AMD
Q2 2024 140$1.8BKMI, EPD, AAPL, ET, GOOGL
Q1 2024 145$1.6BEPD, KMI, ET, INTC, ORI