Westchester Capital Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Westchester Capital Management, LLC reported 170 stock positions worth $2.3 billion. Its top holding was Pioneer Natural Resources (PXD) at 14.3% of the portfolio, followed by Hess (HES, 9.2%) and Westrock (WRK, 6.5%). Compared with Q4 2023, it opened 29 new positions, sold out of 62, added to 36 and reduced 32. The biggest buy was Pioneer Natural Resources (PXD, shares +7%) and the biggest sale an exit from Splunk (SPLK).

Most Recent 13F
Q2 2026
Location
VALHALLA, NY
CIK
0001512805
Portfolio Value
$2.3B (Q1 2024)
SEC Filing
0001512805-24-000007 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.3B $2.3B Q1 2024 Q2 2024: $2.3B Q2 2024 Q3 2024: $2.1B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $1.9B Q3 2025 Q4 2025: $2.1B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $2.0B Q2 2026

Holdings 170 stocks · $2.3B
PXD Pioneer Natural Resources Co. 14.27% 1,234,647 $324.1M Add +7.3%
HES Hess Corp. 9.19% 1,368,220 $208.8M Reduce -7.5%
WRK Westrock Co. 6.46% 2,965,356 $146.6M Reduce -3.3%
X United States Steel Corp. 5.12% 2,853,695 $116.4M Add +123.0%
AMED Amedisys Inc. 3.98% 981,057 $90.4M Add +11.6%
AXONICS INC 3.47% 1,143,773 $78.9M New
JNPR Juniper Networks Inc. 3.25% 1,993,016 $73.9M New
CPRI Capri Holdings Ltd. 3.25% 1,628,025 $73.7M Reduce -25.5%
MGRC McGrath Rentcorp 2.96% 545,466 $67.3M New
CTLT Catalent Inc. 2.44% 981,725 $55.4M New
CVII Churchill Capital Corp. Vii-A 2.44% 5,177,858 $55.4M Add +25.3%
OLK Olink Holding AB - ADR 2.27% 2,195,618 $51.6M Add +8.6%
SCRM Screaming Eagle Acq Class A 1.81% 3,848,376 $41.2M Add +8.2%
ETRN Equitrans Midstream Corp. 1.80% 3,276,826 $40.9M New
AEL American National Group Inc. 1.70% 686,430 $38.6M Add +56.3%
CERE Cerevel Therapeutics Holding 1.39% 747,594 $31.6M Add +2.5%
ACI Albertsons Cos Inc. Class A 1.37% 1,446,371 $31.0M Reduce -40.8%
SP SP Plus Corp. 1.18% 515,243 $26.9M Add +73.4%
SWN Southwestern Energy Co. 1.17% 3,503,949 $26.6M New
RRACF Rigel Resource Acquisit Class A 1.00% 2,030,668 $22.7M Add +6.9%
NWLI National Western Life Grou-A 0.86% 39,706 $19.5M Add +151.2%
PLAOF Patria Latin American Opport 0.79% 1,589,632 $17.9M Reduce -3.3%
TRTLF Tortoiseecofin Acquisition-A 0.76% 1,600,231 $17.2M No change
ARES ACQUISITION CORP II 0.72% 1,557,355 $16.5M Reduce -20.4%
DFS Discover Financial Services 0.72% 124,127 $16.3M New
ANSC Agriculture & Natural Soluti 0.67% 1,500,000 $15.2M No change
CARR Carrier Global Corp. 0.61% 239,700 $13.9M Reduce -4.0%
RENEF Cartesian Growth Corp. II- A 0.61% 1,251,371 $13.9M Add +16.2%
TECK Teck Resources Ltd.-CLS B 0.59% 295,100 $13.5M Reduce -63.0%
CMBT CMB Tech NV filed as EURONAV NV 0.58% 740,921 $13.2M Add +53.1%
CNDA Concord Acquisition Corp. Class A 0.57% 1,236,716 $13.0M Reduce -7.3%
ERF Enerplus Corp. 0.50% 572,351 $11.3M New
SVIIF Spring Valley Acquisition-A 0.47% 977,649 $10.7M Add +21.1%
BALL Ball Corp. 0.44% 148,500 $10.0M Add +26.1%
LCW Learn CW Investment Corp. Class A 0.43% 900,464 $9.9M Reduce -2.9%
HAYN Haynes International Inc. 0.40% 152,060 $9.1M New
INHIBRX INC 0.40% 257,368 $9.0M New
IVCAF Libity filed as INVESTCORP INDIA ACQUISTN CO 0.39% 783,538 $8.8M No change
EDR Endeavor Group Hold Class A 0.37% 329,921 $8.5M Reduce -85.5%
EVE Eve Mobility Acquisition C-A 0.37% 768,325 $8.4M No change
CFFS CF Acquisition Corp. Vii Class A 0.34% 717,283 $7.8M Reduce -20.7%
KVACF Keen Vision Acquisition Corp. 0.34% 746,977 $7.8M No change
M D C HLDGS INC 0.34% 123,900 $7.8M New
PHYTF Pyrophyte Acquisition Corp. Class A 0.34% 698,850 $7.8M No change
USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP 0.34% 735,649 $7.7M Add +58.0%
VZIO Vizio Holding Corp. Class A 0.34% 701,954 $7.7M New
MCAA Mountain & Co. I Acquisition 0.32% 631,539 $7.3M Reduce -39.3%
SEDA SDCL Edge Acquisition Corp. Class A 0.32% 656,154 $7.2M No change
VMCAF Valuence Merger Corp. I Class A 0.31% 617,365 $7.0M No change
APCA Ap Acquisition Corp. Class A 0.30% 610,820 $6.9M Add +25.7%
PEGR Project Energy Reimagined Ac 0.30% 648,126 $6.8M No change
EVCO Everest Consolidator Acquisi 0.28% 568,036 $6.3M No change
ANSS Ansys Inc. 0.27% 17,509 $6.1M New
SLAMF Slam Corp. Class A 0.27% 545,599 $6.1M Add +30.6%
NFSCF Enphys Acquisition Corp. 0.26% 547,097 $5.9M Reduce -35.0%
NBST Newbury Street Acquisition C 0.26% 544,352 $5.9M Add +99.8%
TLGYF TLGY Acquisition Corp. Class A 0.26% 519,000 $5.9M No change
KVUE Kenvue Inc. 0.26% 272,500 $5.8M No change
IVCBF Invest Acquisition Corp. 0.26% 516,655 $5.8M No change
NGMS Neogames SA 0.26% 201,302 $5.8M No change
CCI Crown Castle Inc. 0.26% 55,000 $5.8M Add +7.8%
TRIS Tristar Acquisition I Corp. Class A 0.25% 525,044 $5.8M No change
BUJA Bukit Jalil Global Acquisiti 0.25% 537,000 $5.6M Add +58.9%
MONTEREY CAP ACQUISITION COR 0.25% 508,230 $5.6M Add +41.9%
APXIF Apx Acquisition Corp. I 0.25% 489,675 $5.6M No change
CSLMF CSLM Acquisition Corp. 0.23% 471,296 $5.2M No change
TGAAF Target Global Acquisition -A 0.23% 462,150 $5.2M No change
BOCN Blue Ocean Acquisition Cor-A 0.22% 462,277 $5.1M Add +51.2%
FNVTF Finnovate Acquisition Corp. Class A 0.22% 449,655 $5.1M No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.22% 451,710 $5.0M Add +35.1%
SPKLF Spark I Acquisition Corp. 0.22% 485,410 $5.0M Reduce -2.5%
RCFAF Perception Capital Corp. IV filed as RCF ACQUISITION CORP 0.22% 439,857 $4.9M No change
WELNF Integrated Wellness Acq - A 0.21% 423,090 $4.8M No change
ALCYF Alchemy Investments Acquisit 0.21% 450,000 $4.8M No change
GAQ Generation Asia I Acquisit-A 0.21% 425,000 $4.7M Add +13.3%
NZF Nuveen Municipal Credit Inc. 0.20% 365,772 $4.5M Add +42.2%
QETA Quetta Acquisition Corp. 0.20% 438,641 $4.5M New
TMTC TMT Acquisition Corp. Class A 0.19% 399,000 $4.3M No change
VALE Vale SA-SP ADR 0.19% 347,700 $4.2M Add +136.4%
EGRVF Evergreen Corporation Class A 0.18% 370,000 $4.2M No change
NETD Nabors Energy Transition C-A 0.18% 398,031 $4.1M Reduce -11.6%
PSX Phillips 66 0.17% 24,300 $4.0M Reduce -54.5%
GODN Golden Star Acquisition Corp. 0.17% 375,000 $3.9M No change
LEGT.U Legato Merger Corp. III 0.17% 383,161 $3.9M New
DYCQU DT Cloud Acquisition Corp. 0.17% 378,936 $3.8M New
VHAQ Viveon Health Acquisition Co. 0.17% 329,000 $3.8M Add +278.2%
CRTAF Cartica Acquisition Corp. Class A 0.17% 341,807 $3.8M No change
CURR Currenc Group Inc. filed as INFINT ACQUISITION CORP 0.16% 320,573 $3.7M Reduce -12.6%
ESHA Esh Acquisition Corp. Class A 0.16% 345,591 $3.6M No change
PLUM ACQUISITION CORP I 0.16% 320,220 $3.6M No change
ALSAF Alpha Star Acquisition Corp. 0.16% 312,905 $3.5M Reduce -64.6%
TCN Tricon Residential Inc. 0.16% 316,200 $3.5M New
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.15% 39,024 $3.5M New
HSPOF Horizon Space Acquisition I 0.15% 314,400 $3.4M Add +698.0%
ROTH CH ACQUISITION CO 0.15% 311,572 $3.4M No change
TENX KEANE ACQUISITION 0.15% 300,000 $3.3M No change
FRLA Fortune Rise Acquisition Cor 0.15% 296,974 $3.3M No change
OAKU Oak Woods Acquisition Corp. Class A 0.14% 300,000 $3.2M No change
BMRN Biomarin Pharmaceutical Inc. 0.14% 36,700 $3.2M Reduce -69.0%
GLLI Globalink Investment Inc. 0.14% 290,400 $3.2M No change
HAYMAKER ACQUISITION CORP 4 0.14% 300,000 $3.1M No change
ETSY Etsy Inc. 0.13% 44,600 $3.1M New
DSAQ Direct Selling Acquisition-A 0.13% 276,000 $3.0M No change
LSXMA Liberty Media Corp. Class A New 0.13% 102,000 $3.0M Reduce -19.1%
AFJK Aimei Health Technology Co. 0.13% 288,212 $2.9M No change
TCOA Zalatoris Acquisition Corp. 0.13% 268,303 $2.9M Reduce -14.8%
BFACF Battery Future Acquisition-A 0.12% 250,000 $2.8M No change
NVG Nuveen Amt-FR Muni CRDT 0.12% 219,616 $2.7M Reduce -1.8%
PLTN Plutonian Acquisition Corp. 0.12% 245,000 $2.6M No change
BOWN Bowen Acquisition Corp. 0.11% 245,400 $2.6M No change
BAYAU Bayview Acquisition Corp. 0.11% 250,000 $2.5M No change
DIST Distoken Acquisition Corp. 0.11% 232,153 $2.5M No change
DENALI CAPITAL ACQUISITN COR 0.11% 224,555 $2.5M No change
IROHU Iron Horse Acquisitions Corp. 0.11% 243,606 $2.5M Reduce -2.3%
FLD Fold Holdings Inc. filed as FTAC EMERALD ACQUISITION COR 0.11% 235,000 $2.5M Reduce -76.5%
LATG Chenghe Acquisition I Co. 0.11% 219,633 $2.5M Add +12.8%
ANDRETTI ACQUISITION CORP 0.10% 205,000 $2.2M Add +95.2%
NRAC Northern Revival Acquisition 0.10% 200,000 $2.2M New
VMO Invesco Municipal Opport 0.10% 226,076 $2.2M No change
FEXD Fintech Ecosystem Developm-A 0.09% 196,028 $2.2M No change
BITE Bite Acquisition Corp. 0.09% 200,000 $2.1M New
GLST Global Star Acquisition Class A 0.09% 200,000 $2.1M No change
BYNO Bynordic Acquisition Corp. 0.09% 184,000 $2.0M No change
CLBR.U Colombier Acquis Corp. II 0.09% 194,412 $2.0M Reduce -2.8%
IRRX Integrated Rail and Class A 0.09% 179,693 $2.0M Reduce -29.9%
CDAQF Compass Digital Acquisition 0.09% 181,600 $1.9M No change
BWAQ Blue World Acquisition Corp. 0.08% 171,750 $1.9M No change
NUV Nuveen Municipal Value 0.08% 215,398 $1.9M No change
IXAQF Ix Acquisition Corp. Class A 0.08% 166,999 $1.9M Reduce -20.5%
AITR AI Transportation Acquisitio 0.08% 177,500 $1.8M New
CLRCF Climaterock Class A 0.07% 150,000 $1.7M New
OCAX Oca Acquisition Corp. Class A 0.07% 150,000 $1.6M No change
HUDA Hudson Acquisition I Corp. 0.07% 150,000 $1.6M No change
GLACF Global Lights Acquisition Co. 0.07% 153,860 $1.6M Add +53.9%
GLLUF Global Lights Acquisition Co. 0.07% 150,000 $1.6M No change
AIMTF Aimfinity Investment-Subunit 0.07% 138,000 $1.5M No change
BGB Blackstone Strategic Credit 0.07% 126,522 $1.5M Add +22.6%
PGSS Pegasus Digital Mobility A-A 0.07% 132,100 $1.5M No change
BSL Blackstone SNR Fltng RT 0.07% 103,188 $1.5M Add +24.2%
NRK Nuveen NY Amt-FR Muni Inc. 0.06% 115,857 $1.3M No change
PFTA Portage Fintech Acquisitio-A filed as PERCEPTION CAPITAL CORP III 0.05% 116,187 $1.2M Add +38.0%
FT Franklin Universal Trust 0.05% 184,920 $1.2M No change
AIBAF Aib Acquisition Corp. Class A 0.05% 100,000 $1.2M New
BURTECH ACQUISITION CORP 0.05% 100,000 $1.1M New
AIEV Thunder Power Holdings Inc. filed as FEUTUNE LIGHT ACQUISITION CO 0.05% 100,000 $1.1M No change
SWSS Clean Energy Special Situati 0.05% 98,000 $1.1M No change
SBXC Silverbox Corp. III-A 0.05% 100,000 $1.0M No change
IIM Invesco Value Municipal Inco 0.04% 84,966 $1.0M Add +23.6%
BAX Baxter International Inc. 0.04% 23,400 $1.0M Reduce -24.8%
MYI BlackRock Muniyield QLTY III 0.04% 69,573 $797K No change
MSSAF Metal SKY Star Acquisition C 0.03% 71,084 $788K No change
HCVI Hennessy Capital Invest Class A 0.03% 67,394 $702K Reduce -96.7%
XJPIX Nuveen Preferred Securities 0.03% 35,640 $686K No change
TWLV Twelve Seas Invtmnt Co. II -A 0.03% 62,081 $662K No change
XJQCX Nuveen Credit Strategies Inc. 0.03% 114,973 $640K No change
MACA Moringa Acquisition Corp. Class A 0.03% 55,614 $624K New
BKHAU Black Hawk Acquisition Corp. 0.02% 50,000 $508K New
BAYA Bayview Acquisition Corp. Class A 0.02% 50,028 $504K No change
ARDC Ares Dynamic Credit All 0.02% 32,325 $460K No change
FCT First Trust SNR FL RT Inc. II 0.02% 43,269 $448K No change
ASBP Aspire-Lakewood Holdings Inc. filed as POWERUP ACQUISITION CORP 0.02% 36,029 $397K No change
STONEBRIDGE ACQUISITION CORP 0.02% 33,433 $372K No change
FIS Fidelity National Info Serv 0.02% 4,700 $349K Reduce -94.8%
OKLO Oklo Inc. filed as ALTC ACQUISITION CORP 0.02% 30,068 $343K Reduce -88.5%
BRW Saba Capital Income & Opport 0.01% 44,689 $326K No change
XFRAX BlackRock Fltng RT Inc. Strat 0.01% 16,136 $208K No change
AFT Apollo Senior Floating Rate 0.01% 11,127 $159K No change
IBACU Ib Acquisition Corp. 0.01% 13,130 $131K New
AILWQ Arrowroot Acquisition Corp. 0.01% 570,593 $114K No change
JFR Nuveen Floating Rate Income 0.00% 10,765 $94K New

Options reported separately and not counted above: SPY puts ($235.4M), CCI puts ($15.7M), CARR puts ($13.9M), BALL puts ($12.9M), BAX puts ($12.8M), TECK puts ($11.9M), VALE puts ($10.8M), CERE puts ($10.6M), XRT puts ($9.5M), FIS puts ($7.5M), KVUE puts ($5.8M), PSX puts ($4.0M), and 4 more.

Other holdings (60): bonds, preferreds, convertibles and warrants · $89.4M (not counted above)
SecurityClassShares / PrincipalValueChange
SPLUNK INC (SPLK 1.125 06/15/27) NOTE 1.125% 6/1 · principal 67,883,000$68.0MNew
TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) NOTE 12/1 · principal 20,961,000$20.0MNew
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 375,000$171KReduce -11.8%
SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 299,597$142KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 749,999$129KNo change
AMPX.WS Amprius Technologies Inc. *W EXP 09/14/202 393,327$98KNo change
GCMGW GCM Grosvenor Inc. A -CW25 *W EXP 11/17/202 176,458$85KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 399,998$74KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 242,704$44KNew
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 224,998$43KNo change
LDTDF Prospector Leddartech Alm-28 *W EXP 12/21/202 281,449$36KNo change
KVAWF Keen Vision Acquisition C-28 *W EXP 03/15/202 649,000$35KNo change
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 465,000$33KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 149,998$30KNo change
SOARW Volato Group Inc. - CW23 *W EXP 12/04/202 200,000$30KNo change
FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 232,918$28KNo change
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 182,804$27KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 224,999$25KNo change
SLMWF Slam Corp.-A -CW27 *W EXP 99/99/999 121,866$22KNo change
ALURW Allurion Technologies-28 *W EXP 08/01/203 85,801$22KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 167,497$18KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 100,000$18KNo change
ML.WS Moneylion Inc. -CW27 *W EXP 09/22/202 192,324$17KNo change
QSIAW Quantum-Si Inc. -CW27 *W EXP 06/10/202 65,618$16KNo change
COOLW Corner Growth Acq Class A -CW27 *W EXP 99/99/999 92,455$14KNo change
KCGI.WS Kensington Capital Acq -CW23 *W EXP 99/99/999 224,994$14KNo change
EVE.WS Eve Mobility Acquisit A -23 *W EXP 12/31/202 100,000$13KNo change
TGAWF Target Global Acq I -CW27 *W EXP 12/08/202 149,984$11KNo change
PLMWF Plum Acquisition Corp. III-CW *W EXP 03/31/202 83,333$11KNo change
JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 50,000$11KNo change
VEEAW Plum Acquisition I A -CW28 *W EXP 03/18/202 26,913$10KNo change
PUCKW Goal Acquisitions Corp.-CW *W EXP 99/99/999 1,090,799$10KNo change
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 87,498$9KNew
REEWF Cartesian Growth Corp. II -28 *W EXP 07/12/202 83,331$9KNo change
RMGWF RMG Acquisition Class A -CW27 *W EXP 99/99/999 123,000$7KNo change
TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 99,994$7KNew
HOVRW Pono Capital Three Inc.-A-28 *W EXP 02/14/202 133,721$7KNew
CEROW Phoenix Biotech Acq -CW26 *W EXP 02/13/202 74,998$7KNo change
PBMWW Psyence Biomedical Ltd. *W EXP 01/22/202 92,073$7KNew
BZFDW Buzzfeed Inc. -CW27 *W EXP 12/03/202 145,837$7KNo change
CRGOW Freightos Ltd.-CW28 *W EXP 99/99/999 64,998$6KNo change
EGUVF Evergreen Corporation -CW27 *W EXP 02/08/202 50,000$4KNo change
AEAEW Altenergy Acquisition -CW23 *W EXP 10/29/202 74,998$4KNo change
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 124,999$4KNo change
WHOLE EARTH BRANDS INC *W EXP 06/25/202 80,853$4KNo change
SBXC.WS Silverbox Corp. III-28 *W EXP 02/28/202 33,332$3KNo change
NBSTW Newbury Street Acq -CW27 *W EXP 04/30/202 74,999$3KNo change
CRTWF Cartica Acquisition A -28 *W EXP 04/30/202 37,500$3KNo change
BUJAW Bukit Jalil Global Acquis-28 *W EXP 12/30/202 74,998$3KNew
PHYWF PHYT WS -CW *W EXP 05/03/202 99,999$3KNo change
XBPEW CF Acquisition Viii A -CW27 *W EXP 11/30/202 62,499$3KNo change
ZAPWF Zapp Electric Vehicles -28 *W EXP 99/99/999 199,999$2KNo change
OAKUW Oak Woods Acquisition -28 *W EXP 99/99/999 100,000$2KNo change
AVHIW Achari Ventures Holdin -CW23 *W EXP 99/99/999 88,501$2KNo change
IMAQW International Media Ac -CW28 *W EXP 99/99/999 50,000$1KNo change
CETUW Cetus Capital Acquisition-28 *W EXP 01/31/202 82,560$1KNo change
GBBKW Global Blockchain Acq-CW27 *W EXP 05/09/202 100,000$1KNo change
PPYAW Papaya Growth Opportuni-CW23 *W EXP 12/31/202 20,045$1KNew
AOGOW Arogo Capital Acq -CW23 *W EXP 03/23/202 50,000$755No change
MVLAW Pathfinder Acq Class A -CW27 *W EXP 02/10/202 93,251$588No change

Total filed on the 13F, all lines: $2.4B.

Portfolio Sells Q4 2023 → Q1 2024
SPLK Splunk Inc. Sold out 0.00% −7.35
SRC Spirit Realty Capital Inc. Sold out 0.00% −4.62
SOVO Sovos Brands Inc. Sold out 0.00% −2.85
SPLUNK INC (SPLK 1.125 06/15/27) Sold out 0.00% −2.44
EDR Endeavor Group Hold Class A Reduce -85.5% 0.37% −1.80
IMGN Immunogen Inc. Sold out 0.00% −1.63
KRTX Karuna Therapeutics Inc. Sold out 0.00% −1.29
CPRI Capri Holdings Ltd. Reduce -25.5% 3.25% −1.17
GHIX Gores Holding Ix Inc. Class A Sold out 0.00% −1.08
ACI Albertsons Cos Inc. Class A Reduce -40.8% 1.37% −0.89
HCVI Hennessy Capital Invest Class A Reduce -96.7% 0.03% −0.82
RPT REALTY Sold out 0.00% −0.77
TECK Teck Resources Ltd.-CLS B Reduce -63.0% 0.59% −0.76
PLMJF Plum Acquisition Corp. III Sold out 0.00% −0.54
LCAA L Catterton Asia Acq Class A Sold out 0.00% −0.47
BMRN Biomarin Pharmaceutical Inc. Reduce -69.0% 0.14% −0.32
FLD Fold Holdings Inc. Reduce -76.5% 0.11% −0.32
POWER & DIGITAL INFRASTRUCTU Sold out 0.00% −0.31
HCMA HCM Acquisition Corp. Class A Sold out 0.00% −0.25
ALSAF Alpha Star Acquisition Corp. Reduce -64.6% 0.16% −0.24
ROSS Ross Acquisition Corp. II -A Sold out 0.00% −0.22
MRTX Mirati Therapeutics Inc. Sold out 0.00% −0.21
FIS Fidelity National Info Serv Reduce -94.8% 0.02% −0.20
ISRLF Israel Acquisitions Corp. Class A Sold out 0.00% −0.20
FOCUS IMPACT ACQUISITION COR Sold out 0.00% −0.20
MARX Mars Acquisition Corp. Sold out 0.00% −0.20
CHEA Chenghe Acquisition Co. Class A Sold out 0.00% −0.18
ARIZ Arisz Acquisition Corp. Sold out 0.00% −0.18
ARROWROOT ACQUISITION CORP Sold out 0.00% −0.18
NUBIA BRAND INTERNATIONAL CO Sold out 0.00% −0.17
CSTAF Constellation Acquisition-A Sold out 0.00% −0.17
QETAU Quetta Acquisition Corp. Sold out 0.00% −0.16
NEM Newmont Corp. Sold out 0.00% −0.16
MCAA Mountain & Co. I Acquisition Reduce -39.3% 0.32% −0.15
CETU Cetus Capital Acquisition Co. Sold out 0.00% −0.14
KRNL Kernel Group Holdings Inc. Class A Sold out 0.00% −0.13
OPA Magnum Opus Acquisition LT-A Sold out 0.00% −0.13
FTII Futuretech II Acquisiti Class A Sold out 0.00% −0.12
PSX Phillips 66 Reduce -54.5% 0.17% −0.11
SZZL Sizzle Acquisition Corp. Sold out 0.00% −0.11
DUET Duet Acquisition Corp. Class A Sold out 0.00% −0.11
CMCAF Piermont Valley Acquisition Sold out 0.00% −0.11
REDWOODS ACQUISITION CORP Sold out 0.00% −0.11
NFSCF Enphys Acquisition Corp. Reduce -35.0% 0.26% −0.10
ARES ACQUISITION CORP II Reduce -20.4% 0.72% −0.10
OKLO Oklo Inc. Reduce -88.5% 0.02% −0.10
LIBY Liberty Resources Acqui Class A Sold out 0.00% −0.09
ARYD Arya Sciences Acquisition-A Sold out 0.00% −0.09
AURORA TECHNOLOGY ACQUISITIO Sold out 0.00% −0.09
CBRRF Chain Bridge I-A Sold out 0.00% −0.09

Portfolio Buys Q4 2023 → Q1 2024
PXD Pioneer Natural Resources Co. Add +7.3% 14.27% +3.86
AXONICS INC New 3.47% +3.47
JNPR Juniper Networks Inc. New 3.25% +3.25
MGRC McGrath Rentcorp New 2.96% +2.96
X United States Steel Corp. Add +123.0% 5.12% +2.62
CTLT Catalent Inc. New 2.44% +2.44
ETRN Equitrans Midstream Corp. New 1.80% +1.80
SWN Southwestern Energy Co. New 1.17% +1.17
DFS Discover Financial Services New 0.72% +0.72
AEL American National Group Inc. Add +56.3% 1.70% +0.71
CVII Churchill Capital Corp. Vii-A Add +25.3% 2.44% +0.69
AMED Amedisys Inc. Add +11.6% 3.98% +0.62
SP SP Plus Corp. Add +73.4% 1.18% +0.57
NWLI National Western Life Grou-A Add +151.2% 0.86% +0.55
ERF Enerplus Corp. New 0.50% +0.50
HAYN Haynes International Inc. New 0.40% +0.40
INHIBRX INC New 0.40% +0.40
M D C HLDGS INC New 0.34% +0.34
VZIO Vizio Holding Corp. Class A New 0.34% +0.34
SCRM Screaming Eagle Acq Class A Add +8.2% 1.81% +0.30
ANSS Ansys Inc. New 0.27% +0.27
CMBT CMB Tech NV Add +53.1% 0.58% +0.24
OLK Olink Holding AB - ADR Add +8.6% 2.27% +0.23
QETA Quetta Acquisition Corp. New 0.20% +0.20
LEGT.U Legato Merger Corp. III New 0.17% +0.17
DYCQU DT Cloud Acquisition Corp. New 0.17% +0.17
BALL Ball Corp. Add +26.1% 0.44% +0.17
RRACF Rigel Resource Acquisit Class A Add +6.9% 1.00% +0.16
TCN Tricon Residential Inc. New 0.16% +0.16
EXE Expand Energy Corp. New 0.15% +0.15
CERE Cerevel Therapeutics Holding Add +2.5% 1.39% +0.15
USAR USA Rare Earth Inc. Add +58.0% 0.34% +0.15
NBST Newbury Street Acquisition C Add +99.8% 0.26% +0.14
RENEF Cartesian Growth Corp. II- A Add +16.2% 0.61% +0.14
ETSY Etsy Inc. New 0.13% +0.13
HSPOF Horizon Space Acquisition I Add +698.0% 0.15% +0.13
VHAQ Viveon Health Acquisition Co. Add +278.2% 0.17% +0.13
SVIIF Spring Valley Acquisition-A Add +21.1% 0.47% +0.12
BUJA Bukit Jalil Global Acquisiti Add +58.9% 0.25% +0.11
NRAC Northern Revival Acquisition New 0.10% +0.10
BITE Bite Acquisition Corp. New 0.09% +0.09
VALE Vale SA-SP ADR Add +136.4% 0.19% +0.09
BOCN Blue Ocean Acquisition Cor-A Add +51.2% 0.22% +0.09
MONTEREY CAP ACQUISITION COR Add +41.9% 0.25% +0.09
APCA Ap Acquisition Corp. Class A Add +25.7% 0.30% +0.09
SLAMF Slam Corp. Class A Add +30.6% 0.27% +0.09
AITR AI Transportation Acquisitio New 0.08% +0.08
NZF Nuveen Municipal Credit Inc. Add +42.2% 0.20% +0.07
CLRCF Climaterock Class A New 0.07% +0.07
XNEAX Nuveen Amt-FR QLTY Muni Inc. Add +35.1% 0.22% +0.07

Options Activity Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US put Add +52.3% 450,000 $235.4M
X United States Steel Corp. put Sold out 973,500 $47.4Mbefore exit
CCI Crown Castle Inc. put Add +190.0% 147,900 $15.7M
CARR Carrier Global Corp. put Reduce -4.0% 239,700 $13.9M
BALL Ball Corp. put Reduce -34.0% 190,900 $12.9M
BAX Baxter International Inc. put Reduce -1.7% 299,600 $12.8M
TECK Teck Resources Ltd.-CLS B put Reduce -66.8% 259,500 $11.9M
VALE Vale SA-SP ADR put Add +351.2% 888,500 $10.8M
CERE Cerevel Therapeutics Holding put Add +25.0% 250,000 $10.6M
XRT SS SPDR S&P Retail ETF put New 120,500 $9.5M
FIS Fidelity National Info Serv put Reduce -49.7% 101,100 $7.5M
PSX Phillips 66 put Reduce -54.5% 24,300 $4.0M
LSXMA Liberty Media Corp. Class A New put Sold out 126,000 $3.6Mbefore exit
BMRN Biomarin Pharmaceutical Inc. put Reduce -69.0% 36,700 $3.2M
ETSY Etsy Inc. put New 44,600 $3.1M
CTLT Catalent Inc. put New 50,000 $2.8M
EDR Endeavor Group Hold Class A put Reduce -95.4% 95,700 $2.5M

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

Notes & Other Activity Q4 2023 → Q1 2024
SPLUNK INC (SPLK 1.125 06/15/27) NOTE 1.125% 6/1 · principal New 67,883,000 $68.0M
TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) NOTE 12/1 · principal New 20,961,000 $20.0M
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 Reduce -11.8% 375,000 $171K
NAMSW Newamsterdam Pharma Co. NV-27 *W EXP 99/99/999 Sold out 31,189 $98Kbefore exit
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 New 242,704 $44K
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 New 87,498 $9K
TVGNW Semper Paratus Acqu -CW26 *W EXP 02/14/202 New 99,994 $7K
HOVRW Pono Capital Three Inc.-A-28 *W EXP 02/14/202 New 133,721 $7K
PBMWW Psyence Biomedical Ltd. *W EXP 01/22/202 New 92,073 $7K
ESGEN ACQUISITION A -CW23 *W EXP 10/18/202 Sold out 87,498 $3Kbefore exit
BUJAW Bukit Jalil Global Acquis-28 *W EXP 12/30/202 New 74,998 $3K
DNABW Ginkgo Bioworks -CW27 *W EXP 09/16/202 Sold out 20,000 $2Kbefore exit
NCACW Newcourt Acquisition -CW28 *W EXP 01/22/202 Sold out 92,073 $1Kbefore exit
PPYAW Papaya Growth Opportuni-CW23 *W EXP 12/31/202 New 20,045 $1K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 228$2.0BEA, NSC, WBD, GTLS, WBS
Q1 2026 233$2.1BEA, NSC, WBD, WBS, GTLS
Q4 2025 221$2.1BCYBR, EA, NSC, WBD, GTLS
Q3 2025 191$1.9BCOOP, K, CYBR, GTLS, TECK
Q2 2025 153$1.7BHES, K, CHX, FYBR, COOP
Q1 2025 121$1.7BHES, K, CHX, DFS, BERY
Q4 2024 112$1.7BHES, EDR, K, HCP, CHX
Q3 2024 120$2.1BHES, EDR, SWN, HCP, AMED
Q2 2024 144$2.3BHES, EDR, WRK, X, AMED
Q1 2024 170$2.3BPXD, HES, WRK, X, AMED