TIG Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), TIG Advisors, LLC reported 60 stock positions worth $1.6 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 28.7% of the portfolio, followed by Cyberark Software Ltd./Israel (CYBR, 8.8%) and Merus (MRUS, 5.0%). Compared with Q2 2025, it opened 41 new positions, sold out of 26, added to 8 and reduced 7. The biggest buy was a new position in Cyberark Software Ltd./Israel (CYBR) and the biggest sale an exit from Hess (HES).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001358253
Portfolio Value
$1.6B (Q3 2025)
SEC Filing
0000919574-25-007020 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $857.5M Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $1.6B $1.6B Q3 2025 Q4 2025: $2.1B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $2.2B Q2 2026

Holdings 60 stocks · $1.6B
SPYM Ste STR SPDR PT S&P 500 ETF 28.67% 5,928,677 $464.5M Add +0.3%
CYBR Cyberark Software Ltd./Israel 8.83% 296,077 $143.0M New
MRUS Merus NV 5.05% 868,145 $81.7M New
K Kellanova 4.77% 941,099 $77.2M Reduce -9.2%
EA Electronic Arts Inc. 4.51% 362,584 $73.1M New
VRNA Verona Pharma Ltd. 4.19% 635,267 $67.8M New
FYBR Frontier Communications Pare 3.85% 1,669,464 $62.4M Reduce -7.9%
NSC Norfolk Southern Corp. 3.83% 206,611 $62.1M New
INFA Informatica Inc. Class A 3.54% 2,306,177 $57.3M Add +154.9%
SPR Spirit Aerosystems Hold Class A 2.81% 1,179,875 $45.5M Reduce -36.3%
COOP Mr Cooper Group Inc. 2.77% 210,683 $44.9M Add +70.3%
VRNT Verint Systems Inc. 2.36% 1,887,849 $38.2M New
SPY SS SPDR S&P 500 ETF Trust-US 2.35% 57,039 $38.0M Add +0.3%
AVDX Avidxchange Holdings Inc. 2.02% 3,294,631 $32.8M Reduce -21.8%
PLYM Plymouth Industrial REIT Inc. 2.01% 1,456,153 $32.5M New
ETNB 89BIO Inc. 1.98% 2,186,648 $32.1M New
TRML Tourmaline Bio Inc. 1.83% 619,763 $29.6M New
BHF Brighthouse Financial Inc. 1.76% 536,217 $28.5M Add +93.8%
HBI Hanesbrands Inc. 1.25% 3,068,019 $20.2M New
OMC Omnicom Group 1.11% 219,934 $17.9M Add +326.6%
WBD Warner Bros Discovery Inc. 1.02% 848,511 $16.6M New
TGNA Tegna Inc. 0.98% 782,722 $15.9M New
SNV Synovus Financial Corp. 0.87% 288,599 $14.2M New
CCRN Cross Country Healthcare Inc. 0.74% 841,781 $12.0M New
PRA Proassurance Corp. 0.72% 488,973 $11.7M Reduce -25.9%
TECK Teck Resources Ltd.-CLS B 0.67% 245,533 $10.8M New
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.65% 164,524 $10.5M New
PANW Palo Alto Networks Inc. 0.47% 37,642 $7.7M New
ZIMV Zimvie Inc. 0.47% 398,524 $7.5M New
HOUS Anywhere Real Estate Inc. 0.42% 635,239 $6.7M New
SRDX Surmodics Inc. 0.37% 198,581 $5.9M New
DMIIU Drugs Made in America Acquis 0.31% 500,000 $5.0M New
DAY Dayforce Inc. 0.30% 69,814 $4.8M New
QXO Qxo Inc. 0.26% 220,411 $4.2M Add +186.8%
FWRD Forward Air Corp. 0.21% 134,800 $3.5M New
BA The Boeing Co. 0.20% 14,700 $3.2M Add +167.0%
MTSR Metsera Inc. 0.19% 58,353 $3.1M New
OBAWU Oxley Bridge Acquisition Ltd. 0.17% 275,000 $2.8M No change
RKT Rocket Cos Inc. Class A 0.16% 135,248 $2.6M Reduce -68.1%
LWAY Lifeway Foods Inc. 0.13% 76,059 $2.1M Reduce -64.2%
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.11% 118,200 $1.8M New
PSKY Paramount Skydance Class B 0.10% 86,020 $1.6M New
HOLX Hologic Inc. 0.10% 23,000 $1.6M New
HVMCU Highview Merger Corp. 0.09% 150,000 $1.5M New
FIGXU Figx Capital Acquisition Cor 0.09% 150,000 $1.5M No change
PACHU Pioneer Acquisition I Corp. 0.09% 150,000 $1.5M No change
GTLS Chart Industries Inc. 0.09% 7,246 $1.5M New
TASK Taskus Inc. Class A 0.09% 77,769 $1.4M New
CTLP Cantaloupe Inc. 0.08% 115,727 $1.2M New
PFGC Performance Food Group Co. 0.07% 11,363 $1.2M New
MBVIU M3-Brigade Acquisition Vi Co. 0.06% 100,000 $1.0M New
CORZ Core Scientific Inc. 0.05% 47,725 $856K New
CEPF Cantor Equity Partners Class A 0.04% 70,772 $721K New
UNP Union Pacific Corp. 0.03% 2,379 $562K New
BLZRU Trailblazer Acquisition Corp. 0.03% 50,000 $511K New
KDP Keurig Dr Pepper Inc. 0.02% 14,499 $370K New
COMP Compass Inc. Class A 0.02% 37,766 $303K New
FCRS.U Futurecrest Acquisition Corp. 0.02% 25,000 $265K New
CAEP Cantor Equity Partners III-A 0.02% 25,000 $258K No change
ONCHU 1RT Acquisition Corp. 0.01% 10,000 $106K New

Options reported separately and not counted above: WBD puts ($17.6M), BA calls ($10.8M), RKT puts ($8.2M), CNM calls ($5.4M), HOLX calls ($4.8M), PLYM puts ($3.5M), RKT calls ($3.3M), EXAS calls ($2.7M), WBD calls ($2.0M), VISN puts ($1.8M), BHP puts ($1.4M), CNM puts ($1.3M), and 3 more.

Portfolio Sells Q2 2025 → Q3 2025
HES Hess Corp. Sold out 0.00% −9.66
SWTX Springworks Therapeutics Inc. Sold out 0.00% −6.70
SKX Skechers USA Inc. Class A Sold out 0.00% −6.51
AMED Amedisys Inc. Sold out 0.00% −4.60
JNPR Juniper Networks Inc. Sold out 0.00% −3.87
FL Foot Locker Inc. Sold out 0.00% −3.60
EVRI Everi Holdings Inc. Sold out 0.00% −3.49
AZEK The Azek Co. Inc. Sold out 0.00% −2.70
ANSS Ansys Inc. Sold out 0.00% −2.61
TGI Triumph Group Inc. Sold out 0.00% −2.30
DNB Dun & Bradstreet Holdings Inc. Sold out 0.00% −2.24
BPMC Blueprint Medicines Corp. Sold out 0.00% −2.13
SGRY Surgery Partners Inc. Sold out 0.00% −1.24
SPR Spirit Aerosystems Hold Class A Reduce -36.3% 2.81% −1.04
FARO Faro Technologies Inc. Sold out 0.00% −0.83
RDFN Redfin Corp. Sold out 0.00% −0.81
COF Capital One Financial Corp. Sold out 0.00% −0.51
SHCO Soho House & Co. Inc. Sold out 0.00% −0.42
CRM Salesforce Inc. Sold out 0.00% −0.27
AVDX Avidxchange Holdings Inc. Reduce -21.8% 2.02% −0.23
DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.23
GMS GMS Inc. Sold out 0.00% −0.22
RKT Rocket Cos Inc. Class A Reduce -68.1% 0.16% −0.17
LWAY Lifeway Foods Inc. Reduce -64.2% 0.13% −0.16
ETWO E2OPEN Parent Holdings Inc. Sold out 0.00% −0.14
PRA Proassurance Corp. Reduce -25.9% 0.72% −0.10
BRSL Brightstar Lottery PLC Sold out 0.00% −0.08
TKO Tko Group Holdings Inc. Sold out 0.00% −0.04
SAGE Sage Therapeutics Inc. Sold out 0.00% −0.04
VERV Verve Therapeutics Inc. Sold out 0.00% −0.02
HPE Hewlett Packard Enterprise Sold out 0.00% −0.02
FYBR Frontier Communications Pare Reduce -7.9% 3.85% +0.25
K Kellanova Reduce -9.2% 4.77% +0.27

Portfolio Buys Q2 2025 → Q3 2025
CYBR Cyberark Software Ltd./Israel New 8.83% +8.83
SPYM Ste STR SPDR PT S&P 500 ETF Add +0.3% 28.67% +5.22
MRUS Merus NV New 5.05% +5.05
EA Electronic Arts Inc. New 4.51% +4.51
VRNA Verona Pharma Ltd. New 4.19% +4.19
NSC Norfolk Southern Corp. New 3.83% +3.83
VRNT Verint Systems Inc. New 2.36% +2.36
INFA Informatica Inc. Class A Add +154.9% 3.54% +2.33
PLYM Plymouth Industrial REIT Inc. New 2.01% +2.01
ETNB 89BIO Inc. New 1.98% +1.98
TRML Tourmaline Bio Inc. New 1.83% +1.83
COOP Mr Cooper Group Inc. Add +70.3% 2.77% +1.76
HBI Hanesbrands Inc. New 1.25% +1.25
WBD Warner Bros Discovery Inc. New 1.02% +1.02
TGNA Tegna Inc. New 0.98% +0.98
BHF Brighthouse Financial Inc. Add +93.8% 1.76% +0.95
OMC Omnicom Group Add +326.6% 1.11% +0.90
SNV Synovus Financial Corp. New 0.87% +0.87
CCRN Cross Country Healthcare Inc. New 0.74% +0.74
TECK Teck Resources Ltd.-CLS B New 0.67% +0.67
AL Sumisho Air Lease Corp. New 0.65% +0.65
PANW Palo Alto Networks Inc. New 0.47% +0.47
ZIMV Zimvie Inc. New 0.47% +0.47
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 2.35% +0.43
HOUS Anywhere Real Estate Inc. New 0.42% +0.42
SRDX Surmodics Inc. New 0.37% +0.37
DMIIU Drugs Made in America Acquis New 0.31% +0.31
DAY Dayforce Inc. New 0.30% +0.30
FWRD Forward Air Corp. New 0.21% +0.21
MTSR Metsera Inc. New 0.19% +0.19
QXO Qxo Inc. Add +186.8% 0.26% +0.17
BA The Boeing Co. Add +167.0% 0.20% +0.13
VISN Vistance Networks Inc. New 0.11% +0.11
PSKY Paramount Skydance Class B New 0.10% +0.10
HOLX Hologic Inc. New 0.10% +0.10
HVMCU Highview Merger Corp. New 0.09% +0.09
GTLS Chart Industries Inc. New 0.09% +0.09
TASK Taskus Inc. Class A New 0.09% +0.09
CTLP Cantaloupe Inc. New 0.08% +0.08
PFGC Performance Food Group Co. New 0.07% +0.07
MBVIU M3-Brigade Acquisition Vi Co. New 0.06% +0.06
CORZ Core Scientific Inc. New 0.05% +0.05
CEPF Cantor Equity Partners Class A New 0.04% +0.04
UNP Union Pacific Corp. New 0.03% +0.03
BLZRU Trailblazer Acquisition Corp. New 0.03% +0.03
KDP Keurig Dr Pepper Inc. New 0.02% +0.02
COMP Compass Inc. Class A New 0.02% +0.02
FCRS.U Futurecrest Acquisition Corp. New 0.02% +0.02
ONCHU 1RT Acquisition Corp. New 0.01% +0.01

Options Activity Q2 2025 → Q3 2025
WBD Warner Bros Discovery Inc. put New 900,000 $17.6M
BA The Boeing Co. call New 50,000 $10.8M
RKT Rocket Cos Inc. Class A put Add +31.1% 421,500 $8.2M
BHF Brighthouse Financial Inc. call Sold out 144,900 $7.8Mbefore exit
CNM Core & Main Inc. Class A call New 100,000 $5.4M
BA The Boeing Co. put Sold out 25,000 $5.2Mbefore exit
HOLX Hologic Inc. call New 70,900 $4.8M
PLYM Plymouth Industrial REIT Inc. put New 156,500 $3.5M
RKT Rocket Cos Inc. Class A call Reduce -62.2% 170,000 $3.3M
EXAS Exact Sciences Corp. call New 49,700 $2.7M
SNPS Synopsys Inc. call Sold out 4,000 $2.1Mbefore exit
JNPR Juniper Networks Inc. put Sold out 49,000 $2.0Mbefore exit
WBD Warner Bros Discovery Inc. call New 100,000 $2.0M
VISN Vistance Networks Inc. put New 118,000 $1.8M
BHP BHP Group Ltd.-Spon ADR put New 25,000 $1.4M
CNM Core & Main Inc. Class A put New 25,000 $1.3M
JNPR Juniper Networks Inc. call Sold out 30,200 $1.2Mbefore exit
PZZA Papa John's Intl Inc. call New 25,000 $1.2M
FWRD Forward Air Corp. put New 28,400 $728K
CORZ Core Scientific Inc. call Sold out 25,000 $427Kbefore exit
CORZ Core Scientific Inc. put New 20,000 $359K
SGRY Surgery Partners Inc. put Sold out 10,000 $222Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 82$2.2BSPYM, BLD, JHG, NSC, ROKU
Q1 2026 90$2.1BSPYM, CWAN, HOLX, WBD, JHG
Q4 2025 57$2.1BSPYM, WBD, RNAM, CYBR, SEE
Q3 2025 60$1.6BSPYM, CYBR, MRUS, K, EA
Q2 2025 45$1.8BSPYM, HES, SWTX, SKX, AMED
Q1 2025 50$1.5BBECN, K, ITCI, HES, AMED
Q4 2024 45$1.3BK, HES, SMAR, SUM, ANSS
Q3 2024 39$1.5BEDR, SRCL, JNPR, SQSP, NVEI
Q2 2024 42$1.2BEDR, X, HCP, CTLT, WRK
Q1 2024 34$857.5MX, PXD, EDR, ANSS, HES