Westchester Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Westchester Capital Management, LLC reported 112 stock positions worth $1.7 billion. Its top holding was Hess (HES) at 12.8% of the portfolio, followed by Endeavor Group Hold Class A (EDR, 9.6%) and Kellanova (K, 7.7%). Compared with Q3 2024, it opened 45 new positions, sold out of 53, added to 16 and reduced 20. The biggest buy was Kellanova (K, shares +20%) and the biggest sale an exit from Southwestern Energy (SWN).
- Most Recent 13F
- Q2 2026
- Location
- VALHALLA, NY
- CIK
- 0001512805
- Portfolio Value
- $1.7B (Q4 2024)
- SEC Filing
- 0001591068-25-000010 ↗ filed Feb 14, 2025
Holdings Value
Holdings 112 stocks · $1.7B
| HES Hess Corp. | 12.83% | 1,619,403 | $215.4M | Reduce -6.5% |
| EDR Endeavor Group Hold Class A | 9.63% | 5,168,272 | $161.7M | Reduce -12.0% |
| K Kellanova | 7.72% | 1,600,893 | $129.6M | Add +19.9% |
| HCP Hashicorp Inc. Class A | 6.56% | 3,217,643 | $110.1M | Add +0.5% |
| CHX Championx Corp. | 5.25% | 3,243,134 | $88.2M | Add +14.7% |
| X United States Steel Corp. | 4.10% | 2,024,379 | $68.8M | Reduce -15.5% |
| HTLF Heartland Financial USA Inc. | 3.68% | 1,006,891 | $61.7M | Add +72.7% |
| SMAR Smartsheet Inc. Class A | 3.08% | 922,626 | $51.7M | Add +106.2% |
| JNPR Juniper Networks Inc. | 2.86% | 1,283,645 | $48.1M | Add +7.2% |
| BERY Berry Global Group Inc. | 2.68% | 696,694 | $45.1M | Add +1633.1% |
| SUM Summit Materials Inc. Class A | 2.46% | 815,477 | $41.3M | New |
| ARES ACQUISITION CORP II | 2.03% | 3,098,687 | $34.0M | No change |
| FYBR Frontier Communications Pare | 1.80% | 870,823 | $30.2M | Add +1945.3% |
| PTVE Pactiv Evergreen Inc. | 1.80% | 1,725,772 | $30.1M | New |
| ARCH Arch Resources Inc. | 1.68% | 200,136 | $28.3M | Add +17564.3% |
| ANSC Agriculture & Natural Soluti | 1.54% | 2,464,804 | $25.9M | Add +43.7% |
| DFS Discover Financial Services | 1.51% | 146,703 | $25.4M | Add +30.4% |
| EVRI Everi Holdings Inc. | 1.44% | 1,789,246 | $24.2M | Add +41.1% |
| ALTR Altair Engineering Inc. Class A | 1.36% | 210,020 | $22.9M | New |
| AAM Aa Mission Acquisition Cor-A | 1.32% | 2,190,000 | $22.1M | Add +776.0% |
| ALTM Arcadium Lithium PLC | 1.07% | 3,492,052 | $17.9M | New |
| AMED Amedisys Inc. | 1.03% | 189,844 | $17.2M | Reduce -83.0% |
| NETD Nabors Energy Transition C-A | 0.92% | 1,434,365 | $15.5M | No change |
| ZUO Zuora Inc. Class A | 0.83% | 1,406,225 | $13.9M | New |
| CMCSA Comcast Corp. Class A | 0.81% | 361,600 | $13.6M | New |
| IPG Interpublic Group of Cos Inc. | 0.74% | 445,866 | $12.5M | New |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 0.73% | 1,240,000 | $12.2M | New |
| HAYMAKER ACQUISITION CORP 4 | 0.72% | 1,119,005 | $12.1M | No change |
| SASR Sandy Spring Bancorp Inc. | 0.68% | 337,666 | $11.4M | New |
| GSRT GSR III Acquisition Corp. | 0.65% | 1,105,000 | $10.9M | New |
| VCIC Vine Hill Capital Class A | 0.63% | 1,058,551 | $10.6M | New |
| GEAR Revelyst Inc. | 0.62% | 538,847 | $10.4M | Reduce -39.4% |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.57% | 959,000 | $9.6M | New |
| GPAT GP-Act III Acquisition-A | 0.55% | 910,000 | $9.2M | Add +65.5% |
| FBMS First Bancshares Inc. | 0.54% | 256,751 | $9.0M | No change |
| MLACU Mountain Lake Acquisition Co. | 0.48% | 805,100 | $8.1M | New |
| ALDFU Aldel Financial II Inc. | 0.46% | 775,000 | $7.8M | New |
| ML Moneylion Inc. | 0.45% | 88,322 | $7.6M | New |
| VACH Voyager Acquisition Corp. | 0.45% | 750,000 | $7.5M | New |
| POLE Andretti Acquisition Corp. Class A | 0.42% | 711,916 | $7.1M | New |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.40% | 670,481 | $6.7M | New |
| SIMA Sim Acquisition Corp. I-A | 0.39% | 650,000 | $6.5M | Add +225.0% |
| SSB Southstate Bank Corp. | 0.34% | 58,200 | $5.8M | New |
| PLAOF Patria Latin American Opport | 0.31% | 442,691 | $5.2M | No change |
| JACS.U Jackson Acquisition Co. II | 0.30% | 500,000 | $5.0M | New |
| ALDF Aldel Financial II Inc. | 0.30% | 500,000 | $5.0M | New |
| QETA Quetta Acquisition Corp. | 0.28% | 438,641 | $4.6M | No change |
| SPKLF Spark I Acquisition Corp. | 0.27% | 427,716 | $4.6M | No change |
| POLEU Andretti Acquisition Corp. II | 0.27% | 450,000 | $4.5M | No change |
| NTWOU Newbury Street II Acquisitio | 0.27% | 450,000 | $4.5M | New |
| FACTU Fact II Acquisition Corp. | 0.26% | 433,000 | $4.3M | New |
| VACHU Voyager Acquisition Corp. | 0.26% | 426,894 | $4.3M | No change |
| SKGR SK Growth Opportunities Co. Class A | 0.25% | 366,348 | $4.3M | New |
| SBXUF Silverbox Corp. IV | 0.25% | 418,365 | $4.2M | No change |
| TAVIU Tavia Acquisition Corp. | 0.24% | 400,000 | $4.0M | New |
| YHNA YHN Acquisition I Ltd. | 0.24% | 398,000 | $4.0M | New |
| DYCQ DT Cloud Acquisition Corp. | 0.24% | 378,936 | $4.0M | No change |
| LEGT Legato Merger Corp. III | 0.23% | 383,161 | $3.9M | No change |
| PGACU Pantages Capital Acquisition filed as SHEPHERD AVE CAP ACQUISITION | 0.23% | 385,000 | $3.9M | New |
| SIMAU Sim Acquisition Corp. I | 0.23% | 375,000 | $3.8M | No change |
| RDAC Rising Dragon Acquisition Co. | 0.22% | 367,500 | $3.7M | New |
| IBAC Ib Acquisition Corp. | 0.21% | 349,019 | $3.5M | No change |
| CCIR Cohen Circle Acquisitio Class A | 0.21% | 350,000 | $3.5M | New |
| ALF Centurion Acquisition Corp. | 0.20% | 336,539 | $3.4M | New |
| HSPOF Horizon Space Acquisition I | 0.20% | 297,000 | $3.4M | Reduce -23.7% |
| CDMO Avid Bioservices Inc. | 0.19% | 263,308 | $3.3M | New |
| OAKU Oak Woods Acquisition Corp. Class A | 0.19% | 275,515 | $3.1M | Reduce -8.2% |
| AFJK Aimei Health Technology Co. | 0.18% | 288,212 | $3.0M | No change |
| WLACU Willow Lane Acquisition Corp. | 0.18% | 300,000 | $3.0M | New |
| DRDBU Roman DBDR Acquisition Corp. | 0.18% | 300,000 | $3.0M | New |
| EGRVF Evergreen Corporation Class A | 0.18% | 250,000 | $3.0M | No change |
| TDACU Translational Development Ac | 0.17% | 286,180 | $2.9M | New |
| TAVI Tavia Acquisition Corp. | 0.17% | 280,000 | $2.8M | New |
| DD Dupont DE Nemours Inc. | 0.16% | 34,600 | $2.6M | Reduce -36.6% |
| LATG Chenghe Acquisition I Co. | 0.15% | 219,633 | $2.6M | No change |
| RFAI RF Acquisition Corp. II | 0.15% | 250,000 | $2.6M | New |
| GSRTU GSR III Acquisition Corp. | 0.15% | 250,000 | $2.5M | New |
| LPBBU Launch Two Acquisition Corp. | 0.15% | 250,000 | $2.5M | New |
| LPBB Launch Two Acquisition Class A | 0.15% | 250,000 | $2.5M | New |
| FACT Fact II Acquisition Corp. | 0.15% | 250,000 | $2.5M | New |
| BOWN Bowen Acquisition Corp. | 0.14% | 217,837 | $2.4M | Reduce -11.2% |
| FTW.U Eqv Ventures Acquisition Cor | 0.14% | 235,300 | $2.4M | No change |
| CCIX Churchill Capital Corp. Ix | 0.13% | 216,969 | $2.2M | New |
| BALL Ball Corp. | 0.13% | 40,400 | $2.2M | Reduce -64.6% |
| UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP | 0.13% | 211,965 | $2.2M | Reduce -13.0% |
| TONT.U Graf Global Corp. | 0.13% | 213,957 | $2.2M | No change |
| BSII Black Spade Acquisition II C | 0.12% | 194,588 | $1.9M | New |
| CLRCF Climaterock Class A | 0.10% | 150,000 | $1.8M | No change |
| AIMTF Aimfinity Investment-Subunit | 0.10% | 138,000 | $1.6M | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.09% | 135,601 | $1.5M | Reduce -34.5% |
| CAPNU Cayson Acquisition Corp. | 0.09% | 150,000 | $1.5M | No change |
| DTSQ DT Cloud Star Acquisition Co. | 0.07% | 125,000 | $1.3M | No change |
| BUJA Bukit Jalil Global Acquisiti | 0.07% | 113,000 | $1.2M | No change |
| NTWO Newbury Street II Ac Class A | 0.07% | 125,111 | $1.2M | New |
| ISRLF Israel Acquisitions Corp. Class A | 0.07% | 100,000 | $1.1M | No change |
| AITR AI Transportation Acquisitio | 0.07% | 104,327 | $1.1M | Reduce -41.2% |
| GODN Golden Star Acquisition Corp. | 0.07% | 100,000 | $1.1M | No change |
| NZF Nuveen Municipal Credit Inc. | 0.06% | 87,974 | $1.1M | Reduce -13.5% |
| IIM Invesco Value Municipal Inco | 0.06% | 88,220 | $1.0M | Add +47.1% |
| ALFUU Centurion Acquisition Corp. | 0.06% | 100,000 | $1.0M | No change |
| FT Franklin Universal Trust | 0.06% | 133,917 | $979K | Reduce -16.3% |
| VMO Invesco Municipal Opport | 0.05% | 84,363 | $820K | Reduce -12.5% |
| BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG | 0.05% | 43,600 | $770K | Reduce -93.0% |
| MYI BlackRock Muniyield QLTY III | 0.04% | 58,688 | $648K | Reduce -15.7% |
| NUV Nuveen Municipal Value | 0.04% | 72,336 | $621K | Reduce -15.5% |
| BKHAU Black Hawk Acquisition Corp. | 0.03% | 50,000 | $528K | No change |
| PDCO Patterson Cos Inc. | 0.02% | 12,600 | $389K | New |
| BRW Saba Capital Income & Opport | 0.02% | 44,689 | $341K | No change |
| NRK Nuveen NY Amt-FR Muni Inc. | 0.02% | 26,125 | $273K | No change |
| CLBR.U Colombier Acquis Corp. II | 0.01% | 19,518 | $241K | Reduce -88.5% |
| MFIC Midcap Financial Investment | 0.01% | 7,702 | $104K | No change |
| TONT Graf Global Corp. Class A | 0.00% | 100 | $1K | New |
Options reported separately and not counted above: SPY puts ($76.2M), CMCSA puts ($13.6M), BALL puts ($6.7M), DD puts ($5.5M), ALTM puts ($5.1M), AMCR puts ($5.0M), X puts ($3.4M), BRSL puts ($3.0M).
Other holdings (47): bonds, preferreds, convertibles and warrants · $42.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | 20,961,000 | $20.8M | No change |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 16,670,000 | $19.6M | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 175,000 | $359K | Reduce -53.3% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 176,458 | $222K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 749,999 | $203K | No change |
| QSIAW Quantum-Si Inc. -CW27 | *W EXP 06/10/202 | 65,618 | $82K | No change |
| GODNR Golden Star Acquisitio-Right | RIGHT 03/30/2025 | 250,000 | $77K | No change |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 243,606 | $71K | No change |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 378,936 | $59K | No change |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 35,862 | $42K | No change |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 400,000 | $36K | No change |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 288,212 | $35K | No change |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 204,349 | $33K | No change |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 649,000 | $31K | No change |
| LDTDF Prospector Leddartech Alm-28 | *W EXP 12/21/202 | 281,449 | $28K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 145,837 | $26K | No change |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 250,000 | $25K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 349,019 | $24K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 334,999 | $24K | No change |
| GLLRF Global Lights Acquisition Co. | RIGHT 99/99/9999 | 150,000 | $21K | New |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 224,998 | $20K | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 465,000 | $19K | No change |
| BUJAR Bukit Jalil Global Acquisiti | RIGHT 12/30/2024 | 150,000 | $15K | No change |
| PLMWF Plum Acquisition Corp. III-CW | *W EXP 03/31/202 | 83,333 | $12K | No change |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 64,998 | $10K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 87,498 | $9K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 167,497 | $9K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 243,606 | $9K | No change |
| AILWQ Arrowroot Acquisition -CW26 | *W EXP 04/16/202 | 511,262 | $7K | Reduce -10.4% |
| REEWF Cartesian Growth Corp. II -28 | *W EXP 07/12/202 | 83,331 | $6K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 124,999 | $6K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 99,994 | $5K | No change |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 100,000 | $5K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 44,785 | $5K | Reduce -81.5% |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 100,000 | $4K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 26,913 | $4K | No change |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | 100,000 | $4K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 85,801 | $3K | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 62,499 | $3K | No change |
| MARXR Mars Acquisition Corp.-Rights | RIGHT 99/99/9999 | 6,213 | $2K | No change |
| BUJAW Bukit Jalil Global Acquis-28 | *W EXP 12/30/202 | 74,998 | $2K | No change |
| EGUVF Evergreen Corporation -CW27 | *W EXP 02/08/202 | 50,000 | $1K | No change |
| MKDWW MKD Tech Inc. -29 | *W EXP 06/10/202 | 82,560 | $1K | No change |
| ZAPWF Zapp Electric Vehicles -28 | *W EXP 99/99/999 | 199,999 | $1K | No change |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 92,073 | $1K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 74,998 | $622 | No change |
| PPYAW Papaya Growth Opportuni-CW23 | *W EXP 12/31/202 | 20,045 | $442 | No change |
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q3 2024 → Q4 2024
| SWN Southwestern Energy Co. | Sold out | 0.00% | −5.44 |
| AXONICS INC | Sold out | 0.00% | −4.77 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −4.51 |
| CTLT Catalent Inc. | Sold out | 0.00% | −4.14 |
| AMED Amedisys Inc. | Reduce -83.0% | 1.03% | −4.07 |
| ENV Envestnet Inc. | Sold out | 0.00% | −2.16 |
| HAYN Haynes International Inc. | Sold out | 0.00% | −1.99 |
| USAR USA Rare Earth Inc. | Sold out | 0.00% | −1.25 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −1.21 |
| AY Atlantica Sustainable Infras | Sold out | 0.00% | −1.19 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −1.18 |
| GEAR Revelyst Inc. | Reduce -39.4% | 0.62% | −1.03 |
| RENEF Cartesian Growth Corp. II- A | Sold out | 0.00% | −0.87 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.83 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.80 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.74 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.64 |
| MGRC McGrath Rentcorp | Sold out | 0.00% | −0.64 |
| BRSL Brightstar Lottery PLC | Reduce -93.0% | 0.05% | −0.58 |
| SVIIF Spring Valley Acquisition-A | Sold out | 0.00% | −0.52 |
| LCW Learn CW Investment Corp. Class A | Sold out | 0.00% | −0.43 |
| VZIO Vizio Holding Corp. Class A | Sold out | 0.00% | −0.41 |
| RRACF Rigel Resource Acquisit Class A | Sold out | 0.00% | −0.39 |
| CFFS CF Acquisition Corp. Vii Class A | Sold out | 0.00% | −0.38 |
| MCAA Mountain & Co. I Acquisition | Sold out | 0.00% | −0.35 |
| KVACF Keen Vision Acquisition Corp. | Sold out | 0.00% | −0.35 |
| PHYTF Pyrophyte Acquisition Corp. Class A | Sold out | 0.00% | −0.30 |
| IVCBF Invest Acquisition Corp. | Sold out | 0.00% | −0.29 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.28 |
| APXIF Apx Acquisition Corp. I | Sold out | 0.00% | −0.27 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.24 |
| WELNF Integrated Wellness Acq - A | Sold out | 0.00% | −0.24 |
| BALL Ball Corp. | Reduce -64.6% | 0.13% | −0.23 |
| ALCYF Alchemy Investments Acquisit | Sold out | 0.00% | −0.21 |
| TMTC TMT Acquisition Corp. Class A | Sold out | 0.00% | −0.21 |
| RCFAF Perception Capital Corp. IV | Sold out | 0.00% | −0.21 |
| ESHA Esh Acquisition Corp. Class A | Sold out | 0.00% | −0.17 |
| GLLI Globalink Investment Inc. | Sold out | 0.00% | −0.16 |
| SBXC Silverbox Corp. III-A | Sold out | 0.00% | −0.15 |
| BAYA Bayview Acquisition Corp. Class A | Sold out | 0.00% | −0.15 |
| TLGYF TLGY Acquisition Corp. Class A | Sold out | 0.00% | −0.14 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −0.13 |
| FLD Fold Holdings Inc. | Sold out | 0.00% | −0.12 |
| DIST Distoken Acquisition Corp. | Sold out | 0.00% | −0.10 |
| CRTAF Cartica Acquisition Corp. Class A | Sold out | 0.00% | −0.09 |
| GLACF Global Lights Acquisition Co. | Sold out | 0.00% | −0.08 |
| GLLUF Global Lights Acquisition Co. | Sold out | 0.00% | −0.07 |
| DD Dupont DE Nemours Inc. | Reduce -36.6% | 0.16% | −0.07 |
| SIMO Silicon Motion Technol-ADR | Sold out | 0.00% | −0.07 |
| CLBR.U Colombier Acquis Corp. II | Reduce -88.5% | 0.01% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| K Kellanova | Add +19.9% | 7.72% | +2.63 |
| BERY Berry Global Group Inc. | Add +1633.1% | 2.68% | +2.55 |
| SUM Summit Materials Inc. Class A | New | 2.46% | +2.46 |
| HTLF Heartland Financial USA Inc. | Add +72.7% | 3.68% | +2.12 |
| SMAR Smartsheet Inc. Class A | Add +106.2% | 3.08% | +1.91 |
| PTVE Pactiv Evergreen Inc. | New | 1.80% | +1.80 |
| FYBR Frontier Communications Pare | Add +1945.3% | 1.80% | +1.73 |
| ARCH Arch Resources Inc. | Add +17564.3% | 1.68% | +1.68 |
| HCP Hashicorp Inc. Class A | Add +0.5% | 6.56% | +1.44 |
| ALTR Altair Engineering Inc. Class A | New | 1.36% | +1.36 |
| CHX Championx Corp. | Add +14.7% | 5.25% | +1.22 |
| AAM Aa Mission Acquisition Cor-A | Add +776.0% | 1.32% | +1.20 |
| ALTM Arcadium Lithium PLC | New | 1.07% | +1.07 |
| ZUO Zuora Inc. Class A | New | 0.83% | +0.83 |
| CMCSA Comcast Corp. Class A | New | 0.81% | +0.81 |
| DFS Discover Financial Services | Add +30.4% | 1.51% | +0.77 |
| IPG Interpublic Group of Cos Inc. | New | 0.74% | +0.74 |
| MRLN Merlin Inc. | New | 0.73% | +0.73 |
| ANSC Agriculture & Natural Soluti | Add +43.7% | 1.54% | +0.70 |
| SASR Sandy Spring Bancorp Inc. | New | 0.68% | +0.68 |
| JNPR Juniper Networks Inc. | Add +7.2% | 2.86% | +0.66 |
| EVRI Everi Holdings Inc. | Add +41.1% | 1.44% | +0.65 |
| GSRT GSR III Acquisition Corp. | New | 0.65% | +0.65 |
| VCIC Vine Hill Capital Class A | New | 0.63% | +0.63 |
| HDRN Hadron Energy Inc. | New | 0.57% | +0.57 |
| MLACU Mountain Lake Acquisition Co. | New | 0.48% | +0.48 |
| ALDFU Aldel Financial II Inc. | New | 0.46% | +0.46 |
| ML Moneylion Inc. | New | 0.45% | +0.45 |
| VACH Voyager Acquisition Corp. | New | 0.45% | +0.45 |
| POLE Andretti Acquisition Corp. Class A | New | 0.42% | +0.42 |
| IMSR Terrestrial Energy Inc. | New | 0.40% | +0.40 |
| SSB Southstate Bank Corp. | New | 0.34% | +0.34 |
| JACS.U Jackson Acquisition Co. II | New | 0.30% | +0.30 |
| ALDF Aldel Financial II Inc. | New | 0.30% | +0.30 |
| SIMA Sim Acquisition Corp. I-A | Add +225.0% | 0.39% | +0.29 |
| GPAT GP-Act III Acquisition-A | Add +65.5% | 0.55% | +0.29 |
| NTWOU Newbury Street II Acquisitio | New | 0.27% | +0.27 |
| FACTU Fact II Acquisition Corp. | New | 0.26% | +0.26 |
| SKGR SK Growth Opportunities Co. Class A | New | 0.25% | +0.25 |
| TAVIU Tavia Acquisition Corp. | New | 0.24% | +0.24 |
| YHNA YHN Acquisition I Ltd. | New | 0.24% | +0.24 |
| PGACU Pantages Capital Acquisition | New | 0.23% | +0.23 |
| RDAC Rising Dragon Acquisition Co. | New | 0.22% | +0.22 |
| CCIR Cohen Circle Acquisitio Class A | New | 0.21% | +0.21 |
| ALF Centurion Acquisition Corp. | New | 0.20% | +0.20 |
| CDMO Avid Bioservices Inc. | New | 0.19% | +0.19 |
| WLACU Willow Lane Acquisition Corp. | New | 0.18% | +0.18 |
| DRDBU Roman DBDR Acquisition Corp. | New | 0.18% | +0.18 |
| TDACU Translational Development Ac | New | 0.17% | +0.17 |
| TAVI Tavia Acquisition Corp. | New | 0.17% | +0.17 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -44.7% | 130,000 | $76.2M |
| CMCSA Comcast Corp. Class A | put | New | 361,600 | $13.6M |
| BAX Baxter International Inc. | put | Sold out | 259,300 | $9.8Mbefore exit |
| VALE Vale SA-SP ADR | put | Sold out | 594,600 | $6.9Mbefore exit |
| BALL Ball Corp. | put | Reduce -15.1% | 122,000 | $6.7M |
| DD Dupont DE Nemours Inc. | put | Add +31.5% | 71,800 | $5.5M |
| ALTM Arcadium Lithium PLC | put | New | 1,002,600 | $5.1M |
| AMCR Amcor PLC | put | New | 529,400 | $5.0M |
| X United States Steel Corp. | put | New | 100,000 | $3.4M |
| BRSL Brightstar Lottery PLC | put | Reduce -74.6% | 170,900 | $3.0M |
| BERY Berry Global Group Inc. | put | Sold out | 40,200 | $2.7Mbefore exit |
| SIMO Silicon Motion Technol-ADR | put | Sold out | 25,300 | $1.5Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | New | 16,670,000 | $19.6M |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | Sold out | 11,645,000 | $11.4Mbefore exit |
| PETIQ INC (PETQ 4 06/01/26) | NOTE 4.000% 6/0 · principal | Sold out | 7,000,000 | $8.1Mbefore exit |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | Reduce -53.3% | 175,000 | $359K |
| TMTCR TMT Acquisition Corp.-RT | RIGHT 03/27/2028 | Sold out | 299,000 | $82Kbefore exit |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | Sold out | 399,998 | $64Kbefore exit |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | Sold out | 393,327 | $55Kbefore exit |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | Sold out | 232,918 | $47Kbefore exit |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | Sold out | 191,580 | $29Kbefore exit |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | Sold out | 149,998 | $24Kbefore exit |
| GLLRF Global Lights Acquisition Co. | RIGHT 99/99/9999 | New | 150,000 | $21K |
| TGAWF Target Global Acq I -CW27 | *W EXP 12/08/202 | Sold out | 149,984 | $11Kbefore exit |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | Sold out | 192,324 | $9Kbefore exit |
| AILWQ Arrowroot Acquisition -CW26 | *W EXP 04/16/202 | Reduce -10.4% | 511,262 | $7K |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | Sold out | 37,500 | $6Kbefore exit |
| PHYWF PHYT WS -CW | *W EXP 05/03/202 | Sold out | 99,999 | $6Kbefore exit |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | Reduce -81.5% | 44,785 | $5K |
| EVE.WS Eve Mobility Acquisit A -23 | *W EXP 12/31/202 | Sold out | 100,000 | $4Kbefore exit |
| SBXC.WS Silverbox Corp. III-28 | *W EXP 02/28/202 | Sold out | 33,332 | $3Kbefore exit |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | Sold out | 133,721 | $2Kbefore exit |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | Sold out | 50,000 | $1Kbefore exit |
| SOARW Volato Group Inc. - CW23 | *W EXP 12/04/202 | Sold out | 200,000 | $1Kbefore exit |
| AEAEW Altenergy Acquisition -CW23 | *W EXP 10/29/202 | Sold out | 74,998 | $841before exit |
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 | 228 | $2.0B | EA, NSC, WBD, GTLS, WBS |
| Q1 2026 | 233 | $2.1B | EA, NSC, WBD, WBS, GTLS |
| Q4 2025 | 221 | $2.1B | CYBR, EA, NSC, WBD, GTLS |
| Q3 2025 | 191 | $1.9B | COOP, K, CYBR, GTLS, TECK |
| Q2 2025 | 153 | $1.7B | HES, K, CHX, FYBR, COOP |
| Q1 2025 | 121 | $1.7B | HES, K, CHX, DFS, BERY |
| Q4 2024 | 112 | $1.7B | HES, EDR, K, HCP, CHX |
| Q3 2024 | 120 | $2.1B | HES, EDR, SWN, HCP, AMED |
| Q2 2024 | 144 | $2.3B | HES, EDR, WRK, X, AMED |
| Q1 2024 | 170 | $2.3B | PXD, HES, WRK, X, AMED |