FourWorld Capital Management LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), FourWorld Capital Management LLC reported 18 stock positions worth $185.9 million . Its top holding was Endeavor Group Hold Class A (EDR) at 50.0% of the portfolio, followed by Enstar (ESGR, 36.1% ) and Evolv Technologies (EVLV, 4.4% ). Compared with Q3 2024, it opened 4 new positions, sold out of 9, added to 6 and reduced 3. The biggest buy was a new position in Enstar (ESGR) and the biggest sale Arbutus Biopharma (ABUS, shares −59% ).
Location NEW YORK, NY
CIK 0001770525
Portfolio Value $185.9M (Q4 2024) Holdings 18 stocks · $185.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 EDR Endeavor Group Hold Class A 2,972,346 $93.0M Add +28.5% ESGR Enstar Group Ltd. 208,600 $67.2M New EVLV Evolv Technologies Holdings 2,063,103 $8.1M Reduce -30.4% SRG Seritage Growth Prop- A 1,113,243 $4.6M No change ABUS Arbutus Biopharma Corp. 1,226,710 $4.0M Reduce -58.7% STIM Neuronetics Inc. 858,107 $1.4M Add +70.1% GSM Ferroglobe PLC 320,000 $1.2M No change KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 10,000 $947K New TKNO Alpha Teknova Inc. 113,000 $944K Add +18.9% AIRS Airsculpt Technologies Inc. 180,316 $936K Add +98.2% SLDP Solid Power Inc. 477,129 $902K No change CVRX CVRX Inc. 57,200 $725K Reduce -4.7% NFE New Fortress Energy Inc. 42,000 $635K New NOTVQ Inotiv Inc. 149,647 $620K New SOC Sable Offshore Corp. 15,000 $344K Add +42.7% CMTL Comtech Telecommunications 37,818 $152K Add +72.2% STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC 257,000 $79K No change CMBT CMB Tech NV 4,000 $40K No change
Options reported separately and not counted above: EWZ calls ($900K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $5.7M (not counted above) Security Class Shares / Principal Value Change BRISTOL MYERS - CELGENE CVR RIGHT 12/30/2030 100,000 $5.7M No change TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 1,450,000 $78K No change
Total filed on the 13F, all lines: $191.6M.
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ ABUS Arbutus Biopharma Corp. Reduce -58.7% 2.16% −8.46 EVLV Evolv Technologies Holdings Reduce -30.4% 4.38% −6.75 ACI Albertsons Cos Inc. Class A Sold out 0.00% −3.43 OMEX Odyssey Marine Exploration Sold out 0.00% −2.33 IWM iShares Russell 2000 ETF Sold out 0.00% −0.61 VGK Vanguard Ftse Europe ETF Sold out 0.00% −0.55 IRTC Irhythm Holdings Inc. Sold out 0.00% −0.40 EEM iShares MSCI Emerging Market Sold out 0.00% −0.29 ILF iShares Latin America 40 ETF Sold out 0.00% −0.26 CVRX CVRX Inc. Reduce -4.7% 0.39% −0.10 TPICQ Tpi Composites Inc. Sold out 0.00% −0.09 ATEC Alphatec Holdings Inc. Sold out 0.00% −0.06
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ ESGR Enstar Group Ltd. New 36.15% +36.15 KSPI JSC Kaspi.kz ADR New 0.51% +0.51 STIM Neuronetics Inc. Add +70.1% 0.74% +0.39 NFE New Fortress Energy Inc. New 0.34% +0.34 NOTVQ Inotiv Inc. New 0.33% +0.33 TKNO Alpha Teknova Inc. Add +18.9% 0.51% +0.08 AIRS Airsculpt Technologies Inc. Add +98.2% 0.50% +0.08 CMTL Comtech Telecommunications Add +72.2% 0.08% −0.02 SOC Sable Offshore Corp. Add +42.7% 0.18% −0.05 EDR Endeavor Group Hold Class A Add +28.5% 50.04% −11.25
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 105,000 $60.2Mbefore exit EWZ iShares MSCI Brazil ETF call New 40,000 $900K EVLV Evolv Technologies Holdings call Sold out 129,400 $524Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 19 $78.3M SOC, PRTH, MX, BMY, TDAY Q1 2026 18 $177.1M SOC, MCW, PRTH, TDAY, BMY Q4 2025 Amended 17 $106.6M SOC, BMY, EVLV, XLE, SRG Q3 2025 20 $41.2M EVLV, SRG, ABUS, BMY, AIRS Q2 2025 20 $139.2M ESGR, GOLDEN OCEAN GROUP LTD, SKX, EVLV, BMY Q1 2025 20 $145.8M ESGR, DESP, EVLV, BMY, ABUS Q4 2024 18 $185.9M EDR, ESGR, EVLV, SRG, ABUS Q3 2024 23 $107.8M EDR, EVLV, ABUS, SRG, ACI Q2 2024 26 $75.7M EDR, OMEX, HOLI, ABUS, EVLV Q1 2024 Amended 26 $102.6M TDCX, SRG, HOLI, OMEX, ABUS