In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Murchinson Ltd. reported 50 stock positions worth $203.2 million . Its top holding was Nano Dimension Ltd. - ADR (NNDM) at 13.4% of the portfolio, followed by Chart Industries (GTLS, 12.4% ) and iShares MSCI South Korea ETF (EWY, 9.9% ). Compared with Q1 2026, it opened 23 new positions, sold out of 31, added to 5 and reduced 6. The biggest buy was a new position in iShares MSCI South Korea ETF (EWY) and the biggest sale an exit from South Bow (SOBO).
Location TORONTO, A6
CIK 0001838556
Portfolio Value $203.2M (Q2 2026) Holdings 50 stocks · $203.2M 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 Q1 2026 NNDM Nano Dimension Ltd. - ADR 18,836,276 $27.3M Add +21.1% GTLS Chart Industries Inc. 120,539 $25.2M No change EWY iShares MSCI South Korea ETF 100,000 $20.2M New NWAX New America Acquisition Class A 1,475,000 $15.0M New CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 110,062 $12.7M New MCGA Yorkville Acquisition Corp. Class A 1,000,400 $10.2M No change WBD Warner Bros Discovery Inc. 330,000 $8.8M Add +10.0% PTHS Pelthos Therapeutics Inc. 304,302 $8.6M Add +2.7% NWAX.U New America Acquisition I Co. 755,100 $7.9M No change BHF Brighthouse Financial Inc. 103,740 $6.6M Add +2673.8% MSOS Advisorshares Pure US Cann 1,249,895 $6.3M Add +25.0% ORMP Oramed Pharmaceuticals Inc. 1,290,294 $6.2M Reduce -1.9% MRVL Marvell Technology Inc. 20,000 $6.0M New AUB Atlantic Union Bankshares Co. 106,874 $4.5M No change TRLV Trulieve Cannabis Corp. 355,200 $3.5M New SKM SK Telecom Co. Ltd.-Spon ADR 100,000 $3.2M New TRP TC Energy Corp. 38,367 $2.5M New FTS Fortis Inc. 35,433 $2.0M New OTAI.U Starlink AI Acquisition Corp. 200,000 $2.0M New BRUN Boost Run Inc. Class A 52,000 $2.0M New BIL SS SPDR BB 1-3M T-Bill ETF 21,844 $2.0M No change SGOV iShares 0-3 Month Treasury B 19,881 $2.0M No change IMO Imperial Oil Ltd. 17,512 $2.0M New CP Canadian Pacific Kansas City 22,357 $1.9M New NTR Nutrien Ltd. 27,631 $1.7M Reduce -95.8% TDAY USA Today Co. Inc. 200,000 $1.7M Reduce -37.5% CNQ Canadian Natural Resources 40,635 $1.6M New PBA Pembina Pipeline Corp. 25,038 $1.2M New CNI Canadian Natl Railway Co. 8,135 $970K Reduce -50.5% BAM Brookfield Asset Mgmt-A 18,924 $849K New ENB Enbridge Inc. 15,141 $821K New AIFF Firefly Neuroscience Inc. 650,000 $787K New SU Suncor Energy Inc. 13,076 $702K New NWBI Northwest Bancshares Inc. 30,000 $455K No change CAE Cae Inc. 15,021 $376K New DAL Delta Air Lines Inc. 4,000 $375K New EROC Erock Inc. Class A 25,000 $363K New BN Brookfield Corp. 7,638 $325K New IMXI International Money Express 21,700 $314K No change JHG Janus Henderson Group PLC 5,000 $260K No change DBRG Digitalbridge Group Inc. 16,000 $252K No change NWE Northwestern Energy Group Inc. 3,500 $251K No change STEL Stellar Bancorp Inc. 6,300 $248K No change CCO Clear Channel Outdoor Holdin 100,800 $244K No change EIX Edison International 3,000 $223K No change TWO Two Harbors Investment Corp. 17,000 $211K No change XAIR Beyond Air Inc. 274,208 $122K Reduce -16.9% LNSR Lensar Inc. 13,223 $76K Reduce -63.8% CVU Cpi Aerostructures Inc. 14,178 $74K No change VBIO Valion Bio Inc. 115,000 $60K New
Options reported separately and not counted above: CM puts ($47.4M), BMO puts ($41.5M), BMO calls ($41.5M), CM calls ($34.8M), TD puts ($31.0M), TD calls ($31.0M), RY puts ($27.6M), RY calls ($27.6M), SU calls ($14.8M), CNI calls ($13.7M), CP calls ($11.9M), CP puts ($11.9M), and 56 more.
Other holdings (7): bonds, preferreds, convertibles and warrants · $3.8M (not counted above) Security Class Shares / Principal Value Change NUVATION BIO INC (NUVB 0.75 07/01/32) NOTE 0.750% 7/0 · principal 1,500,000 $1.6M New GROUPON INC (GRPN 4.875 06/30/30 UNRS) NOTE 4.875% 6/3 · principal 1,000,000 $997K New GOSSAMER BIO INC (GOSS 5 06/01/27) NOTE 5.000% 6/0 · principal 1,000,000 $643K New SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal 250,000 $287K No change EXYNW Exyn Technologies Inc. *W EXP 04/21/203 129,000 $172K New GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 111,569 $141K No change QLEP.WS Quantum Leap Acqu-31 *W EXP 03/11/202 100,000 $13K New
Total filed on the 13F, all lines: $207.0M.
Portfolio Sells Q1 2026 → Q2 2026 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 Q1 2026 % Of Portfolio Change To Portfolio ▲ SOBO South Bow Corp. Sold out 0.00% −23.13 NTR Nutrien Ltd. Reduce -95.8% 0.86% −19.17 RY Royal Bank of Canada Sold out 0.00% −4.90 GDXJ Vaneck Junior Gold Miners Sold out 0.00% −1.81 SUNC Sunococorp LLC Sold out 0.00% −1.45 BMO Bank of Montreal Sold out 0.00% −1.09 KVUE Kenvue Inc. Sold out 0.00% −1.04 SLV iShares Silver Trust Sold out 0.00% −0.41 ATKR Atkore Inc. Sold out 0.00% −0.36 UA Under Armour Inc. Class C Sold out 0.00% −0.35 FNV Franco-Nevada Corp. Sold out 0.00% −0.31 OSISKO DEVELOPMENT CORP Sold out 0.00% −0.26 CNI Canadian Natl Railway Co. Reduce -50.5% 0.48% −0.20 IXHL Incannex Healthcare Inc. Sold out 0.00% −0.13 EHAB Enhabit Inc. Sold out 0.00% −0.10 BLFY Blue Foundry Bancorp Sold out 0.00% −0.10 PRA Proassurance Corp. Sold out 0.00% −0.10 CSGS CSG Systems Intl Inc. Sold out 0.00% −0.10 ONTF ON24 Inc. Sold out 0.00% −0.10 OS Onestream Inc. Sold out 0.00% −0.10 FOLD Amicus Therapeutics Inc. Sold out 0.00% −0.10 GLDD Great Lakes Dredge & Dock Co. Sold out 0.00% −0.10 DHIL Diamond Hill Investment Grp Sold out 0.00% −0.10 AL Sumisho Air Lease Corp. Sold out 0.00% −0.10 SEMR Semrush Holdings Inc. Class A Sold out 0.00% −0.10 SEE Sealed Air Corp. Sold out 0.00% −0.10 VRE Veris Residential Inc. Sold out 0.00% −0.10 CTLP Cantaloupe Inc. Sold out 0.00% −0.10 CWAN Clearwater Analytics HDS-A Sold out 0.00% −0.10 TPH Tri Pointe Homes Inc. Sold out 0.00% −0.09 HTBK Heritage Commerce Corp. Sold out 0.00% −0.09 UDMY Udemy Inc. Sold out 0.00% −0.09 VNDA Vanda Pharmaceuticals Inc. Sold out 0.00% −0.08 TDAY USA Today Co. Inc. Reduce -37.5% 0.84% −0.07 LNSR Lensar Inc. Reduce -63.8% 0.04% −0.05 XAIR Beyond Air Inc. Reduce -16.9% 0.06% −0.03 ORMP Oramed Pharmaceuticals Inc. Reduce -1.9% 3.05% +1.25
Portfolio Buys Q1 2026 → Q2 2026 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 Q1 2026 % Of Portfolio Change To Portfolio ▼ EWY iShares MSCI South Korea ETF New 9.94% +9.94 NWAX New America Acquisition Class A New 7.37% +7.37 CM Can Imperial BK of Commerce New 6.23% +6.23 BHF Brighthouse Financial Inc. Add +2673.8% 3.23% +3.14 MRVL Marvell Technology Inc. New 2.93% +2.93 NNDM Nano Dimension Ltd. - ADR Add +21.1% 13.44% +2.80 PTHS Pelthos Therapeutics Inc. Add +2.7% 4.23% +1.73 TRLV Trulieve Cannabis Corp. New 1.72% +1.72 MSOS Advisorshares Pure US Cann Add +25.0% 3.12% +1.70 SKM SK Telecom Co. Ltd.-Spon ADR New 1.58% +1.58 TRP TC Energy Corp. New 1.25% +1.25 WBD Warner Bros Discovery Inc. Add +10.0% 4.33% +1.01 FTS Fortis Inc. New 1.00% +1.00 OTAI.U Starlink AI Acquisition Corp. New 1.00% +1.00 BRUN Boost Run Inc. Class A New 0.99% +0.99 IMO Imperial Oil Ltd. New 0.97% +0.97 CP Canadian Pacific Kansas City New 0.95% +0.95 CNQ Canadian Natural Resources New 0.79% +0.79 PBA Pembina Pipeline Corp. New 0.57% +0.57 BAM Brookfield Asset Mgmt-A New 0.42% +0.42 ENB Enbridge Inc. New 0.40% +0.40 AIFF Firefly Neuroscience Inc. New 0.39% +0.39 SU Suncor Energy Inc. New 0.35% +0.35 CAE Cae Inc. New 0.19% +0.19 DAL Delta Air Lines Inc. New 0.18% +0.18 EROC Erock Inc. Class A New 0.18% +0.18 BN Brookfield Corp. New 0.16% +0.16 VBIO Valion Bio Inc. New 0.03% +0.03
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ CM Can Imperial BK of Commerce put Add +287.0% 412,500 $47.4M BMO Bank of Montreal put Add +56.5% 234,700 $41.5M BMO Bank of Montreal call Add +56.5% 234,700 $41.5M CM Can Imperial BK of Commerce call Add +183.8% 302,500 $34.8M TD Toronto-Dominion Bank put Add +0.2% 255,600 $31.0M TD Toronto-Dominion Bank call Add +0.2% 255,600 $31.0M RY Royal Bank of Canada put Reduce -60.1% 133,200 $27.6M RY Royal Bank of Canada call Reduce -60.1% 133,200 $27.6M SU Suncor Energy Inc. call Add +143.8% 275,000 $14.8M ORCL Oracle Corp. call Sold out 100,000 $14.7Mbefore exit CNI Canadian Natl Railway Co. call Add +360.0% 115,000 $13.7M CP Canadian Pacific Kansas City call Add +137.4% 137,000 $11.9M CP Canadian Pacific Kansas City put Add +137.4% 137,000 $11.9M SMH Vaneck Semiconductor ETF put New 15,000 $9.8M SU Suncor Energy Inc. put Add +50.7% 170,000 $9.1M IGV iShares Expanded Tech-Softwa put New 100,000 $9.1M CNI Canadian Natl Railway Co. put Add +200.0% 75,000 $8.9M TRP TC Energy Corp. call Reduce -35.6% 113,000 $7.5M CNQ Canadian Natural Resources call Add +70.4% 178,900 $7.1M TRP TC Energy Corp. put Reduce -41.3% 103,000 $6.8M IMO Imperial Oil Ltd. call Add +548.3% 57,700 $6.5M BHF Brighthouse Financial Inc. put New 100,000 $6.3M MTUM iShares MSCI USA Momentum Fa put New 17,500 $6.0M BAM Brookfield Asset Mgmt-A call New 127,500 $5.7M SLF Sun Life Financial Inc. put New 65,000 $5.1M SLF Sun Life Financial Inc. call New 65,000 $5.1M BAM Brookfield Asset Mgmt-A put New 112,500 $5.0M TTWO Take-Two Interactive Softwre call New 20,000 $5.0M CNQ Canadian Natural Resources put Add +18.0% 123,900 $4.9M BN Brookfield Corp. call New 112,600 $4.8M BN Brookfield Corp. put New 105,100 $4.5M NTR Nutrien Ltd. call Add +5.0% 67,600 $4.3M NTR Nutrien Ltd. put Reduce -97.6% 65,000 $4.1M PCG P G & E Corp. call Add +33.3% 200,000 $3.4M FTS Fortis Inc. call Add +300.0% 58,000 $3.3M NN Nextnav Inc. put Sold out 200,000 $3.2Mbefore exit FSLR First Solar Inc. call Sold out 15,000 $3.0Mbefore exit ENB Enbridge Inc. call Add +17.8% 53,000 $2.9M FTS Fortis Inc. put Add +200.0% 43,500 $2.5M WCN Waste Connections Inc. put New 14,400 $2.4M WCN Waste Connections Inc. call New 14,400 $2.4M B Barrick Mining Corp. call New 62,600 $2.3M B Barrick Mining Corp. put New 62,600 $2.3M WPM Wheaton Precious Metals Corp. call New 20,000 $2.2M WPM Wheaton Precious Metals Corp. put New 20,000 $2.2M BNS Bank of Nova Scotia put Reduce -83.0% 25,000 $2.2M BNS Bank of Nova Scotia call Reduce -83.0% 25,000 $2.2M RCI Rogers Communications Inc. Class B call New 65,000 $2.1M TECK Teck Resources Ltd.-CLS B call New 35,000 $2.1M TECK Teck Resources Ltd.-CLS B put New 35,000 $2.1M
Showing the first 50 of 72.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 50 $203.2M NNDM, GTLS, EWY, NWAX, CM Q1 2026 58 $248.5M SOBO, NTR, NNDM, GTLS, RY Q4 2025 37 $160.2M TRP, NNDM, SUNC, MCGA, PTHS Q3 2025 45 $507.0M TRP, NTR, SPY, NNDM, COOP Q2 2025 47 $176.3M SOBO, NNDM, ESGR, GLD, VALE Q1 2025 72 $561.6M BNS, SOBO, X, NNDM, ITCI Q4 2024 38 $209.0M NNDM, HES, X, SPY, ACI Q3 2024 52 $226.1M NNDM, X, QQQ, HES, MSOS Q2 2024 Amended 37 $443.4M TRP, X, IBIT, NNDM, GLD Q1 2024 Amended 47 $884.2M TRP, X, NNDM, PXD, IBIT