In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), TIG Advisors, LLC reported 45 stock positions worth $1.3 billion . Its top holding was Kellanova (K) at 11.8% of the portfolio, followed by Hess (HES, 9.5% ) and Smartsheet Class A (SMAR, 9.1% ). Compared with Q3 2024, it opened 30 new positions, sold out of 24, added to 6 and reduced 9. The biggest buy was a new position in Summit Materials Class A (SUM) and the biggest sale an exit from Stericycle (SRCL).
Location New York, NY
CIK 0001358253
Portfolio Value $1.3B (Q4 2024) Holdings 45 stocks · $1.3B 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 K Kellanova 1,878,275 $152.1M Add +76.5% HES Hess Corp. 927,331 $123.3M Add +101.2% SMAR Smartsheet Inc. Class A 2,102,724 $117.8M Add +53.5% SUM Summit Materials Inc. Class A 2,078,678 $105.2M New ANSS Ansys Inc. 195,683 $66.0M Reduce -23.5% AMED Amedisys Inc. 710,415 $64.5M New ALTM Arcadium Lithium PLC 12,035,908 $61.7M New SPR Spirit Aerosystems Hold Class A 1,739,094 $59.3M Add +66.8% JNPR Juniper Networks Inc. 1,580,149 $59.2M Reduce -37.5% EDR Endeavor Group Hold Class A 1,813,514 $56.7M Reduce -63.2% AZPN Aspen Technology Inc. 194,789 $48.6M New PTVE Pactiv Evergreen Inc. 2,525,464 $44.1M New HCP Hashicorp Inc. Class A 1,092,487 $37.4M Reduce -50.2% BARNES GROUP INC 651,851 $30.8M New ATSG Air Transport Services Group 1,332,579 $29.3M New ZUO Zuora Inc. Class A 2,870,428 $28.5M New ALTR Altair Engineering Inc. Class A 220,467 $24.1M New GEAR Revelyst Inc. 1,170,461 $23.5M Add +49.5% SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC 364,775 $20.7M New MTTR Matterport Inc. 4,033,423 $19.1M Add +965.6% DFS Discover Financial Services 108,973 $18.9M New PDCO Patterson Cos Inc. 474,164 $14.6M New OMC Omnicom Group 116,579 $10.0M New DESP Despegar.com Corp. 429,887 $8.3M New USAP Universal Stainless & Alloy 186,293 $8.2M New SHCO Soho House & Co. Inc. 992,554 $7.4M New ROIC Retail Opportunity Investmen 420,751 $7.3M New NARI Inari Medical Inc. 136,578 $7.0M New PSTX Poseida Therapeutics Inc. 685,595 $6.6M New IPG Interpublic Group of Cos Inc. 143,980 $4.0M New BECN Beacon Roofing Supply Inc. 35,150 $3.6M New LWAY Lifeway Foods Inc. 141,599 $3.5M New SNPS Synopsys Inc. 5,331 $2.6M New JANX Janux Therapeutics Inc. 42,586 $2.3M New ACI Albertsons Cos Inc. Class A 104,429 $2.1M Reduce -73.5% COF Capital One Financial Corp. 11,381 $2.0M Reduce -85.7% LW Lamb Weston Holdings Inc. 28,360 $1.9M New IP International Paper Co. 32,837 $1.8M New BL Blackline Inc. 28,434 $1.7M New BERY Berry Global Group Inc. 24,215 $1.6M New X United States Steel Corp. 44,800 $1.5M Reduce -96.9% BA The Boeing Co. 6,788 $1.2M Reduce -78.4% EW Edwards Lifesciences Corp. 14,215 $1.1M New WBA Walgreens Boots Alliance Inc. 77,086 $719K New MRVI Maravai Lifesciences Hldgs-A 70,709 $385K Reduce -57.9%
Options reported separately and not counted above: ANSS puts ($30.2M), JNPR puts ($18.2M), INSM calls ($14.2M), EW calls ($13.0M), X calls ($10.0M), IP calls ($9.7M), SGI puts ($9.4M), JANX calls ($8.6M), LW calls ($3.7M), X puts ($3.6M), AMED calls ($2.7M), JANX puts ($2.5M), and 8 more.
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 ▲ SRCL Stericycle Inc. Sold out 0.00% −9.33 SQSP Squarespace Inc. Class A Sold out 0.00% −6.66 NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −6.48 CTLT Catalent Inc. Sold out 0.00% −6.34 EDR Endeavor Group Hold Class A Reduce -63.2% 4.39% −5.13 CPRI Capri Holdings Ltd. Sold out 0.00% −3.94 VZIO Vizio Holding Corp. Class A Sold out 0.00% −3.84 X United States Steel Corp. Reduce -96.9% 0.12% −3.33 PRFT Perficient Inc. Sold out 0.00% −2.49 HCP Hashicorp Inc. Class A Reduce -50.2% 2.89% −2.14 JNPR Juniper Networks Inc. Reduce -37.5% 4.58% −2.10 INST Instructure Holdings Inc. Sold out 0.00% −1.66 RCM R1 RCM Inc. Sold out 0.00% −1.52 ENV Envestnet Inc. Sold out 0.00% −1.22 PWSC Powerschool Holdings Inc. Class A Sold out 0.00% −0.82 VSTS Vestis Corp. Sold out 0.00% −0.69 COF Capital One Financial Corp. Reduce -85.7% 0.16% −0.65 AXONICS INC Sold out 0.00% −0.65 FYBR Frontier Communications Pare Sold out 0.00% −0.59 LBRDK Liberty Broadband-C Sold out 0.00% −0.53 EVH Evolent Health Inc. Class A Sold out 0.00% −0.41 ANSS Ansys Inc. Reduce -23.5% 5.11% −0.41 TPR Tapestry Inc. Sold out 0.00% −0.36 ACI Albertsons Cos Inc. Class A Reduce -73.5% 0.16% −0.33 COP Conocophillips Sold out 0.00% −0.32 M Macy's Inc. Sold out 0.00% −0.27 BA The Boeing Co. Reduce -78.4% 0.09% −0.23 AY Atlantica Sustainable Infras Sold out 0.00% −0.15 DOCN Digitalocean Holdings Inc. Sold out 0.00% −0.07 MRVI Maravai Lifesciences Hldgs-A Reduce -57.9% 0.03% −0.06 INTC Intel Corp. Sold out 0.00% −0.03 CLF Cleveland-Cliffs Inc. Sold out 0.00% −0.02 ADBE Adobe Inc. Sold out 0.00% −0.02
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 ▼ SUM Summit Materials Inc. Class A New 8.14% +8.14 K Kellanova Add +76.5% 11.77% +5.95 HES Hess Corp. Add +101.2% 9.55% +5.31 AMED Amedisys Inc. New 4.99% +4.99 ALTM Arcadium Lithium PLC New 4.78% +4.78 SMAR Smartsheet Inc. Class A Add +53.5% 9.12% +3.98 AZPN Aspen Technology Inc. New 3.76% +3.76 PTVE Pactiv Evergreen Inc. New 3.41% +3.41 BARNES GROUP INC New 2.38% +2.38 SPR Spirit Aerosystems Hold Class A Add +66.8% 4.59% +2.29 ATSG Air Transport Services Group New 2.27% +2.27 ZUO Zuora Inc. Class A New 2.20% +2.20 ALTR Altair Engineering Inc. Class A New 1.86% +1.86 SGI Somnigroup International Inc. New 1.60% +1.60 DFS Discover Financial Services New 1.46% +1.46 MTTR Matterport Inc. Add +965.6% 1.48% +1.36 PDCO Patterson Cos Inc. New 1.13% +1.13 OMC Omnicom Group New 0.78% +0.78 DESP Despegar.com Corp. New 0.64% +0.64 USAP Universal Stainless & Alloy New 0.63% +0.63 SHCO Soho House & Co. Inc. New 0.57% +0.57 ROIC Retail Opportunity Investmen New 0.57% +0.57 NARI Inari Medical Inc. New 0.54% +0.54 PSTX Poseida Therapeutics Inc. New 0.51% +0.51 IPG Interpublic Group of Cos Inc. New 0.31% +0.31 BECN Beacon Roofing Supply Inc. New 0.28% +0.28 LWAY Lifeway Foods Inc. New 0.27% +0.27 SNPS Synopsys Inc. New 0.20% +0.20 JANX Janux Therapeutics Inc. New 0.18% +0.18 LW Lamb Weston Holdings Inc. New 0.15% +0.15 IP International Paper Co. New 0.14% +0.14 BL Blackline Inc. New 0.13% +0.13 BERY Berry Global Group Inc. New 0.12% +0.12 EW Edwards Lifesciences Corp. New 0.08% +0.08 WBA Walgreens Boots Alliance Inc. New 0.06% +0.06 GEAR Revelyst Inc. Add +49.5% 1.82% −0.26
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ ANSS Ansys Inc. put Reduce -14.9% 89,500 $30.2M JNPR Juniper Networks Inc. put New 484,700 $18.2M INSM Insmed Inc. call Add +1950.0% 205,000 $14.2M EW Edwards Lifesciences Corp. call New 175,000 $13.0M X United States Steel Corp. call New 294,700 $10.0M IP International Paper Co. call New 180,000 $9.7M SGI Somnigroup International Inc. put New 165,000 $9.4M JANX Janux Therapeutics Inc. call New 160,100 $8.6M CPRI Capri Holdings Ltd. put Sold out 200,000 $8.5Mbefore exit CPRI Capri Holdings Ltd. call Sold out 100,000 $4.2Mbefore exit LW Lamb Weston Holdings Inc. call New 55,000 $3.7M X United States Steel Corp. put Reduce -61.3% 105,000 $3.6M EVH Evolent Health Inc. Class A put Sold out 106,300 $3.0Mbefore exit ACI Albertsons Cos Inc. Class A put Sold out 161,000 $3.0Mbefore exit SMAR Smartsheet Inc. Class A put Sold out 52,000 $2.9Mbefore exit AMED Amedisys Inc. call New 30,000 $2.7M JANX Janux Therapeutics Inc. put New 46,500 $2.5M HALO Halozyme Therapeutics Inc. call New 44,400 $2.1M NARI Inari Medical Inc. put New 30,000 $1.5M BL Blackline Inc. put New 19,000 $1.2M EW Edwards Lifesciences Corp. put New 15,000 $1.1M ALTM Arcadium Lithium PLC put New 209,600 $1.1M AMED Amedisys Inc. put New 10,000 $908K SMMT Summit Therapeutics Inc. call New 50,000 $892K TAP Molson Coors Beverage Co. Class B call Sold out 10,000 $575Kbefore exit MTTR Matterport Inc. put Reduce -89.2% 12,300 $58K
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 82 $2.2B SPYM, BLD, JHG, NSC, ROKU Q1 2026 90 $2.1B SPYM, CWAN, HOLX, WBD, JHG Q4 2025 57 $2.1B SPYM, WBD, RNAM, CYBR, SEE Q3 2025 60 $1.6B SPYM, CYBR, MRUS, K, EA Q2 2025 45 $1.8B SPYM, HES, SWTX, SKX, AMED Q1 2025 50 $1.5B BECN, K, ITCI, HES, AMED Q4 2024 45 $1.3B K, HES, SMAR, SUM, ANSS Q3 2024 39 $1.5B EDR, SRCL, JNPR, SQSP, NVEI Q2 2024 42 $1.2B EDR, X, HCP, CTLT, WRK Q1 2024 34 $857.5M X, PXD, EDR, ANSS, HES