Westchester Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Westchester Capital Management, LLC reported 153 stock positions worth $1.7 billion. Its top holding was Hess (HES) at 12.6% of the portfolio, followed by Kellanova (K, 7.9%) and Championx (CHX, 5.6%). Compared with Q1 2025, it opened 64 new positions, sold out of 28, added to 37 and reduced 13. The biggest buy was a new position in Mr Cooper (COOP) and the biggest sale an exit from Discover Financial Services (DFS).
- Most Recent 13F
- Q2 2026
- Location
- VALHALLA, NY
- CIK
- 0001512805
- Portfolio Value
- $1.7B (Q2 2025)
- SEC Filing
- 0001277372-25-000002 ↗ filed Aug 14, 2025
Holdings Value
Holdings 153 stocks · $1.7B
| HES Hess Corp. | 12.59% | 1,553,196 | $215.2M | Add +2.8% |
| K Kellanova | 7.92% | 1,701,179 | $135.3M | No change |
| CHX Championx Corp. | 5.61% | 3,857,598 | $95.8M | No change |
| FYBR Frontier Communications Pare | 4.75% | 2,229,955 | $81.2M | Add +78.8% |
| COOP Mr Cooper Group Inc. | 4.35% | 498,421 | $74.4M | New |
| LBRDA Liberty Broadband-A | 4.25% | 742,825 | $72.7M | Add +221.8% |
| AZEK The Azek Co. Inc. | 4.15% | 1,304,619 | $70.9M | Add +55.8% |
| IPG Interpublic Group of Cos Inc. | 3.03% | 2,112,932 | $51.7M | Add +60.8% |
| ARES ACQUISITION CORP II | 2.54% | 3,827,254 | $43.4M | Reduce -3.1% |
| PRA Proassurance Corp. | 2.39% | 1,786,339 | $40.8M | Add +648.2% |
| SKX Skechers USA Inc. Class A | 1.99% | 539,283 | $34.0M | New |
| EVRI Everi Holdings Inc. | 1.75% | 2,095,635 | $29.8M | Add +17.1% |
| JNPR Juniper Networks Inc. | 1.61% | 690,134 | $27.6M | Reduce -9.8% |
| ANSC Agriculture & Natural Soluti | 1.57% | 2,464,804 | $26.7M | No change |
| AAM Aa Mission Acquisition Cor-A | 1.34% | 2,190,000 | $22.8M | No change |
| KFII K&F Growth Acquisition Cor-A | 1.12% | 1,885,000 | $19.2M | Add +31.4% |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 1.07% | 1,765,000 | $18.2M | Add +16.5% |
| DMAA Drugs Made in America Acquis | 1.00% | 1,669,000 | $17.0M | Add +70.5% |
| NETD Nabors Energy Transition C-A | 0.96% | 1,484,265 | $16.5M | Add +102.1% |
| CTLP Cantaloupe Inc. | 0.92% | 1,431,317 | $15.7M | New |
| AMED Amedisys Inc. | 0.89% | 154,583 | $15.2M | Add +11.4% |
| TACHU Titan Acquisition Corp. | 0.80% | 1,344,693 | $13.7M | New |
| NPACU New Providence Acquisition C | 0.78% | 1,280,000 | $13.4M | New |
| HAYMAKER ACQUISITION CORP 4 | 0.77% | 1,189,028 | $13.2M | No change |
| SPR Spirit Aerosystems Hold Class A | 0.77% | 344,900 | $13.2M | New |
| VACH Voyager Acquisition Corp. | 0.77% | 1,261,894 | $13.1M | No change |
| SIMA Sim Acquisition Corp. I-A | 0.75% | 1,224,987 | $12.8M | Add +8.9% |
| SOUL.U Soulpower Acquisition Corp. | 0.74% | 1,247,800 | $12.7M | New |
| PLMK Plum Acquisition Corp. IV | 0.74% | 1,225,000 | $12.6M | Add +53.1% |
| GPAT GP-Act III Acquisition-A | 0.72% | 1,160,852 | $12.2M | No change |
| JACS Jackson Acquisition Co. Class A | 0.72% | 1,186,200 | $12.2M | Add +39.5% |
| ALDF Aldel Financial II Inc. | 0.71% | 1,159,448 | $12.2M | Reduce -2.1% |
| MLAC Mountain Lake Acquisition-A | 0.71% | 1,182,271 | $12.1M | Add +294.1% |
| POLE Andretti Acquisition Corp. Class A | 0.71% | 1,161,916 | $12.1M | No change |
| DNB Dun & Bradstreet Holdings Inc. | 0.69% | 1,300,245 | $11.8M | New |
| VCIC Vine Hill Capital Class A | 0.67% | 1,095,551 | $11.4M | Add +3.5% |
| FACT Fact II Acquisition Corp. | 0.65% | 1,083,000 | $11.2M | Add +22.6% |
| CHACU Crane Harbor Acquisition Cor | 0.62% | 1,025,000 | $10.6M | New |
| SZZLU Sizzle Acquisition Corp. II | 0.60% | 1,000,000 | $10.2M | New |
| KCHVU Kochav Defense Acquisition C | 0.60% | 1,000,000 | $10.2M | New |
| AACB Artius II Acquisition Inc. Class A | 0.59% | 995,939 | $10.1M | New |
| TVACU Texas Ventures Acquisition I | 0.58% | 972,064 | $10.0M | New |
| LPBB Launch Two Acquisition Class A | 0.58% | 950,000 | $9.9M | Add +26.7% |
| XRPNU Armada Acquisition Corp. II | 0.51% | 850,000 | $8.7M | New |
| OYSEU Oyster Enterprises II Acquis | 0.50% | 850,000 | $8.6M | New |
| BPMC Blueprint Medicines Corp. | 0.49% | 64,928 | $8.3M | New |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.45% | 749,000 | $7.8M | Reduce -25.0% |
| COPL.U Copley Acquisition Corp. | 0.44% | 753,100 | $7.6M | New |
| NTWO Newbury Street II Ac Class A | 0.44% | 725,111 | $7.5M | Add +26.1% |
| ALF Centurion Acquisition Corp. | 0.43% | 688,140 | $7.3M | Add +57.6% |
| CGCTU Cartesian Growth Corp. III | 0.41% | 700,000 | $7.1M | New |
| TAVI Tavia Acquisition Corp. | 0.41% | 680,000 | $7.0M | Add +142.9% |
| CCAQU Dune Acquisition Corp. II | 0.40% | 666,477 | $6.8M | New |
| SDHI Siddhi Acquisition Corp. Class A | 0.39% | 661,800 | $6.7M | New |
| ATII Archimedes Tech Spac Partner | 0.39% | 650,000 | $6.6M | Add +62.5% |
| DTSQ DT Cloud Star Acquisition Co. | 0.38% | 619,817 | $6.4M | Add +75.8% |
| PPBI Pacific Premier Bancorp Inc. | 0.34% | 274,105 | $5.8M | New |
| GSRT GSR III Acquisition Corp. | 0.33% | 516,137 | $5.6M | Reduce -72.2% |
| IPEX Inflection Point Acquisition filed as MAYWOOD ACQUISITION CORP | 0.32% | 532,807 | $5.4M | Add +24.9% |
| GTENU Gores Holdings X Inc. | 0.31% | 516,973 | $5.4M | New |
| BROOKLINE BANCORP INC | 0.30% | 491,392 | $5.2M | Add +231.5% |
| LEGT Legato Merger Corp. III | 0.30% | 483,161 | $5.2M | Add +26.1% |
| BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I | 0.29% | 500,000 | $5.0M | New |
| SPKLF Spark I Acquisition Corp. | 0.27% | 427,716 | $4.7M | No change |
| ETWO E2OPEN Parent Holdings Inc. | 0.27% | 1,417,877 | $4.6M | New |
| PGAC Pantages Capital Acquisition filed as AIFEEX NEXUS ACQUISITION COR | 0.26% | 443,000 | $4.5M | Add +663.8% |
| LCCCU Lakeshore Acquisition III Co. | 0.26% | 439,436 | $4.5M | New |
| MACI Melar Acquisition Corp. I-A | 0.26% | 424,707 | $4.5M | Reduce -19.1% |
| FG MERGER II CORP | 0.25% | 436,206 | $4.3M | Add +45.4% |
| WLAC Willow Lane Acquisition Class A | 0.25% | 414,349 | $4.2M | No change |
| HSPT Horizon Space Acquisition II | 0.24% | 404,900 | $4.1M | No change |
| JENA.U Jena Acquisition Corp. II | 0.24% | 400,000 | $4.1M | New |
| YHNA YHN Acquisition I Ltd. | 0.24% | 398,000 | $4.1M | No change |
| WENNU Wen Acquisition Corp. | 0.24% | 384,654 | $4.1M | New |
| FVN Future Vision II Acquisition | 0.23% | 376,362 | $3.9M | Add +92.5% |
| BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG | 0.22% | 240,000 | $3.8M | No change |
| RDAC Rising Dragon Acquisition Co. | 0.22% | 367,500 | $3.8M | No change |
| QSEA Quartzsea Acquisition Corp. | 0.22% | 366,605 | $3.7M | New |
| SBXDF Silverbox Corp. IV-A | 0.21% | 332,262 | $3.6M | Reduce -20.6% |
| IBAC Ib Acquisition Corp. | 0.21% | 349,019 | $3.6M | No change |
| HSPOF Horizon Space Acquisition I | 0.21% | 297,000 | $3.6M | No change |
| LWACU Lightwave Acquisition Corp. | 0.21% | 350,000 | $3.5M | New |
| UYSCU Uy Scuti Acquisition Corp. | 0.20% | 330,000 | $3.4M | Add +230.0% |
| CAPN Cayson Acquisition Corp. | 0.20% | 325,000 | $3.4M | No change |
| NOEM CO2 Energy Transition Corp. | 0.20% | 331,013 | $3.3M | Add +164.8% |
| JVSA Jvspac Acquisition Corp. Class A | 0.19% | 300,000 | $3.3M | New |
| BKHA Black Hawk Acquisition Cor-A | 0.19% | 300,000 | $3.2M | No change |
| DRDB Roman DBDR Acquisition Corp. | 0.18% | 300,000 | $3.1M | No change |
| HON Honeywell International Inc. | 0.17% | 12,700 | $3.0M | Add +16.5% |
| DYNC Dynamix Corp. | 0.17% | 282,000 | $2.9M | Add +55.0% |
| DD Dupont DE Nemours Inc. | 0.17% | 41,500 | $2.8M | Add +30.5% |
| CMCSA Comcast Corp. Class A | 0.17% | 79,600 | $2.8M | Reduce -47.9% |
| TVAIU Thayer Ventures Acquisition | 0.16% | 275,000 | $2.8M | New |
| EURK Eureka Acquisition Corp. | 0.16% | 266,000 | $2.8M | New |
| RFAI RF Acquisition Corp. II | 0.15% | 250,000 | $2.6M | No change |
| NHIC Newhold Investment Cor III-A | 0.15% | 250,000 | $2.5M | New |
| XRPN Armada Acquisition Class A | 0.15% | 250,000 | $2.5M | New |
| PACHU Pioneer Acquisition I Corp. | 0.15% | 250,000 | $2.5M | New |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 0.15% | 250,000 | $2.5M | New |
| GSHRU Gesher Acquisition Corp. II | 0.14% | 240,000 | $2.5M | No change |
Options reported separately and not counted above: SPY puts ($154.5M), BA puts ($18.1M), DD puts ($8.0M), HON puts ($7.9M), BRSL puts ($6.5M), CMCSA puts ($2.8M), PSX puts ($1.3M).
Other holdings (50): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 850,000 | $230K | New |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 362,499 | $189K | New |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 243,606 | $121K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 805,100 | $113K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 199,999 | $77K | No change |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 149,998 | $75K | New |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 99,999 | $70K | No change |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 288,212 | $69K | No change |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 400,000 | $66K | No change |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 250,000 | $63K | No change |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 500,000 | $62K | New |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 385,000 | $62K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 224,999 | $56K | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 149,998 | $54K | New |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 183,647 | $51K | Reduce -14.0% |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 187,499 | $51K | New |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 124,999 | $50K | New |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 216,500 | $50K | New |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 334,999 | $46K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 225,000 | $43K | New |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 649,000 | $35K | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 153,300 | $34K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 250,000 | $31K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 208,070 | $31K | Reduce -72.3% |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 26,408 | $31K | Reduce -26.4% |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 400,000 | $29K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 106,977 | $29K | New |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 39,216 | $29K | New |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 224,998 | $24K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 99,998 | $22K | New |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 167,497 | $22K | No change |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 128,936 | $22K | Reduce -66.0% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 150,000 | $19K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 49,999 | $16K | New |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 243,606 | $15K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 349,019 | $14K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 145,837 | $12K | No change |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 64,998 | $11K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 44,785 | $9K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 100,000 | $8K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 124,999 | $7K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 99,994 | $7K | No change |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 9,923 | $7K | New |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 87,498 | $6K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 26,913 | $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 | $2K | No change |
| GIBOW Gibo Holdings Ltd.-30 | *W EXP 05/08/203 | 74,998 | $2K | New |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 92,073 | $2K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 74,998 | $2K | No change |
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q1 2025 → Q2 2025
| DFS Discover Financial Services | Sold out | 0.00% | −6.45 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −4.16 |
| X United States Steel Corp. | Sold out | 0.00% | −4.07 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −3.58 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −3.56 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −2.06 |
| PTVE Pactiv Evergreen Inc. | Sold out | 0.00% | −1.70 |
| ML Moneylion Inc. | Sold out | 0.00% | −1.26 |
| FBMS First Bancshares Inc. | Sold out | 0.00% | −1.16 |
| GSRT GSR III Acquisition Corp. | Reduce -72.2% | 0.33% | −0.77 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.62 |
| DMAAU Drugs Made in America Acquis | Sold out | 0.00% | −0.30 |
| DYCQ DT Cloud Acquisition Corp. | Sold out | 0.00% | −0.30 |
| IMSR Terrestrial Energy Inc. | Reduce -70.2% | 0.13% | −0.29 |
| SKGR SK Growth Opportunities Co. Class A | Sold out | 0.00% | −0.25 |
| ENFN Enfusion Inc. Class A | Sold out | 0.00% | −0.24 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.24 |
| PPLI People Inc. | Reduce -98.2% | 0.00% | −0.22 |
| PSX Phillips 66 | Reduce -96.0% | 0.01% | −0.19 |
| AITR AI Transportation Acquisitio | Sold out | 0.00% | −0.18 |
| CMCSA Comcast Corp. Class A | Reduce -47.9% | 0.17% | −0.17 |
| HDRN Hadron Energy Inc. | Reduce -25.0% | 0.45% | −0.14 |
| BUJA Bukit Jalil Global Acquisiti | Sold out | 0.00% | −0.14 |
| CEPO Cantor Equity Partners I-A | Sold out | 0.00% | −0.12 |
| BSII Black Spade Acquisition II C | Sold out | 0.00% | −0.12 |
| CLRCF Climaterock Class A | Sold out | 0.00% | −0.11 |
| CCIX Churchill Capital Corp. Ix | Reduce -65.5% | 0.05% | −0.09 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −0.08 |
| GLACF Global Lights Acquisition Co. | Sold out | 0.00% | −0.08 |
| RENEF Cartesian Growth Corp. II- A | Sold out | 0.00% | −0.08 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Sold out | 0.00% | −0.07 |
| NZF Nuveen Municipal Credit Inc. | Sold out | 0.00% | −0.06 |
| ARES ACQUISITION CORP II | Reduce -3.1% | 2.54% | −0.06 |
| FTW Eqv Ventures Acquisition C-A | Reduce -42.5% | 0.08% | −0.06 |
| MACI Melar Acquisition Corp. I-A | Reduce -19.1% | 0.26% | −0.06 |
| SBXDF Silverbox Corp. IV-A | Reduce -20.6% | 0.21% | −0.04 |
| BALL Ball Corp. | Sold out | 0.00% | −0.03 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.02 |
| JNPR Juniper Networks Inc. | Reduce -9.8% | 1.61% | −0.02 |
| GMHS Gamehaus Holdings Inc. | Sold out | 0.00% | −0.00 |
| ALDF Aldel Financial II Inc. | Reduce -2.1% | 0.71% | +0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| COOP Mr Cooper Group Inc. | New | 4.35% | +4.35 |
| LBRDA Liberty Broadband-A | Add +221.8% | 4.25% | +3.09 |
| FYBR Frontier Communications Pare | Add +78.8% | 4.75% | +2.11 |
| PRA Proassurance Corp. | Add +648.2% | 2.39% | +2.06 |
| SKX Skechers USA Inc. Class A | New | 1.99% | +1.99 |
| AZEK The Azek Co. Inc. | Add +55.8% | 4.15% | +1.73 |
| CTLP Cantaloupe Inc. | New | 0.92% | +0.92 |
| IPG Interpublic Group of Cos Inc. | Add +60.8% | 3.03% | +0.92 |
| TACHU Titan Acquisition Corp. | New | 0.80% | +0.80 |
| NPACU New Providence Acquisition C | New | 0.78% | +0.78 |
| SPR Spirit Aerosystems Hold Class A | New | 0.77% | +0.77 |
| SOUL.U Soulpower Acquisition Corp. | New | 0.74% | +0.74 |
| DNB Dun & Bradstreet Holdings Inc. | New | 0.69% | +0.69 |
| CHACU Crane Harbor Acquisition Cor | New | 0.62% | +0.62 |
| SZZLU Sizzle Acquisition Corp. II | New | 0.60% | +0.60 |
| KCHVU Kochav Defense Acquisition C | New | 0.60% | +0.60 |
| AACB Artius II Acquisition Inc. Class A | New | 0.59% | +0.59 |
| TVACU Texas Ventures Acquisition I | New | 0.58% | +0.58 |
| MLAC Mountain Lake Acquisition-A | Add +294.1% | 0.71% | +0.53 |
| XRPNU Armada Acquisition Corp. II | New | 0.51% | +0.51 |
| OYSEU Oyster Enterprises II Acquis | New | 0.50% | +0.50 |
| NETD Nabors Energy Transition C-A | Add +102.1% | 0.96% | +0.49 |
| BPMC Blueprint Medicines Corp. | New | 0.49% | +0.49 |
| COPL.U Copley Acquisition Corp. | New | 0.44% | +0.44 |
| DMAA Drugs Made in America Acquis | Add +70.5% | 1.00% | +0.42 |
| CGCTU Cartesian Growth Corp. III | New | 0.41% | +0.41 |
| CCAQU Dune Acquisition Corp. II | New | 0.40% | +0.40 |
| SDHI Siddhi Acquisition Corp. Class A | New | 0.39% | +0.39 |
| PPBI Pacific Premier Bancorp Inc. | New | 0.34% | +0.34 |
| GTENU Gores Holdings X Inc. | New | 0.31% | +0.31 |
| EVRI Everi Holdings Inc. | Add +17.1% | 1.75% | +0.30 |
| BLUWU Blue Water Acquisition III | New | 0.29% | +0.29 |
| KFII K&F Growth Acquisition Cor-A | Add +31.4% | 1.12% | +0.28 |
| ETWO E2OPEN Parent Holdings Inc. | New | 0.27% | +0.27 |
| PLMK Plum Acquisition Corp. IV | Add +53.1% | 0.74% | +0.26 |
| LCCCU Lakeshore Acquisition III Co. | New | 0.26% | +0.26 |
| TAVI Tavia Acquisition Corp. | Add +142.9% | 0.41% | +0.24 |
| JENA.U Jena Acquisition Corp. II | New | 0.24% | +0.24 |
| WENNU Wen Acquisition Corp. | New | 0.24% | +0.24 |
| PGAC Pantages Capital Acquisition | Add +663.8% | 0.26% | +0.23 |
| QSEA Quartzsea Acquisition Corp. | New | 0.22% | +0.22 |
| BROOKLINE BANCORP INC | Add +231.5% | 0.30% | +0.21 |
| LWACU Lightwave Acquisition Corp. | New | 0.21% | +0.21 |
| JACS Jackson Acquisition Co. Class A | Add +39.5% | 0.72% | +0.20 |
| JVSA Jvspac Acquisition Corp. Class A | New | 0.19% | +0.19 |
| MRLN Merlin Inc. | Add +16.5% | 1.07% | +0.17 |
| TVAIU Thayer Ventures Acquisition | New | 0.16% | +0.16 |
| DTSQ DT Cloud Star Acquisition Co. | Add +75.8% | 0.38% | +0.16 |
| EURK Eureka Acquisition Corp. | New | 0.16% | +0.16 |
| ALF Centurion Acquisition Corp. | Add +57.6% | 0.43% | +0.16 |
Options Activity Q1 2025 → Q2 2025
| BA The Boeing Co. | put | New | 86,300 | $18.1M |
| PPLI People Inc. | put | Sold out | 229,200 | $10.5Mbefore exit |
| BDX Becton Dickinson and Co. | put | Sold out | 35,200 | $8.1Mbefore exit |
| DD Dupont DE Nemours Inc. | put | Add +9.1% | 116,600 | $8.0M |
| HON Honeywell International Inc. | put | Add +5.6% | 33,900 | $7.9M |
| AMCR Amcor PLC | put | Sold out | 529,400 | $5.1Mbefore exit |
| BALL Ball Corp. | put | Sold out | 74,400 | $3.9Mbefore exit |
| CMCSA Comcast Corp. Class A | put | Reduce -82.6% | 79,600 | $2.8M |
| CWAN Clearwater Analytics HDS-A | put | Sold out | 70,400 | $1.9Mbefore exit |
| PSX Phillips 66 | put | Reduce -83.3% | 11,000 | $1.3M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Sold out | 23,670,000 | $30.2Mbefore exit |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | New | 850,000 | $230K |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | New | 362,499 | $189K |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | Sold out | 102,746 | $115Kbefore exit |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | New | 149,998 | $75K |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | New | 500,000 | $62K |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | New | 224,999 | $56K |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | New | 149,998 | $54K |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | Reduce -14.0% | 183,647 | $51K |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | New | 187,499 | $51K |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | New | 124,999 | $50K |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | New | 216,500 | $50K |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | Sold out | 139,454 | $49Kbefore exit |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | New | 225,000 | $43K |
| BUJAR Bukit Jalil Global Acquisiti | RIGHT 12/30/2024 | Sold out | 150,000 | $39Kbefore exit |
| GLLRF Global Lights Acquisition Co. | RIGHT 99/99/9999 | Sold out | 150,000 | $33Kbefore exit |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | Reduce -72.3% | 208,070 | $31K |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | Reduce -26.4% | 26,408 | $31K |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | New | 106,977 | $29K |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | New | 39,216 | $29K |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | New | 99,998 | $22K |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | Reduce -66.0% | 128,936 | $22K |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | New | 49,999 | $16K |
| LDTDF Prospector Leddartech Alm-28 | *W EXP 12/21/202 | Sold out | 281,449 | $15Kbefore exit |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | New | 9,923 | $7K |
| REEWF Cartesian Growth Corp. II -28 | *W EXP 07/12/202 | Sold out | 83,331 | $5Kbefore exit |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | Sold out | 100,000 | $3Kbefore exit |
| BUJAW Bukit Jalil Global Acquis-28 | *W EXP 12/30/202 | Sold out | 74,998 | $3Kbefore exit |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | Sold out | 100,000 | $2Kbefore exit |
| GIBOW Gibo Holdings Ltd.-30 | *W EXP 05/08/203 | New | 74,998 | $2K |
| ZAPWF Zapp Electric Vehicles -28 | *W EXP 99/99/999 | Sold out | 199,999 | $2Kbefore exit |
| MKDWW MKD Tech Inc. -29 | *W EXP 06/10/202 | Sold out | 82,560 | $942before 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 |