Westchester Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Westchester Capital Management, LLC reported 191 stock positions worth $1.9 billion. Its top holding was Mr Cooper (COOP) at 8.1% of the portfolio, followed by Kellanova (K, 7.2%) and Cyberark Software Ltd./Israel (CYBR, 7.0%). Compared with Q2 2025, it opened 74 new positions, sold out of 35, added to 24 and reduced 19. 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
- VALHALLA, NY
- CIK
- 0001512805
- Portfolio Value
- $1.9B (Q3 2025)
- SEC Filing
- 0001628280-25-052144 ↗ filed Nov 14, 2025
Holdings Value
Holdings 191 stocks · $1.9B
| COOP Mr Cooper Group Inc. | 8.06% | 736,206 | $155.2M | Add +47.7% |
| K Kellanova | 7.25% | 1,701,179 | $139.5M | No change |
| CYBR Cyberark Software Ltd./Israel | 6.98% | 278,008 | $134.3M | New |
| GTLS Chart Industries Inc. | 5.71% | 549,332 | $109.9M | New |
| TECK Teck Resources Ltd.-CLS B | 4.25% | 1,863,546 | $81.8M | New |
| FYBR Frontier Communications Pare | 4.06% | 2,093,629 | $78.2M | Reduce -6.1% |
| IPG Interpublic Group of Cos Inc. | 3.31% | 2,282,614 | $63.7M | Add +8.0% |
| VRNA Verona Pharma Ltd. | 2.68% | 483,655 | $51.6M | New |
| LBRDA Liberty Broadband-A | 2.49% | 756,525 | $47.9M | Add +1.8% |
| PRA Proassurance Corp. | 2.19% | 1,761,213 | $42.3M | Reduce -1.4% |
| NSC Norfolk Southern Corp. | 2.04% | 130,825 | $39.3M | New |
| AAM Aa Mission Acquisition Cor-A | 1.48% | 2,701,172 | $28.4M | Add +23.3% |
| ANSC Agriculture & Natural Soluti | 1.40% | 2,464,804 | $26.9M | No change |
| EA Electronic Arts Inc. | 1.35% | 129,166 | $26.1M | New |
| WBD Warner Bros Discovery Inc. | 1.30% | 1,278,300 | $25.0M | New |
| TGNA Tegna Inc. | 1.26% | 1,192,134 | $24.2M | New |
| HAYMAKER ACQUISITION CORP 4 | 1.14% | 1,939,028 | $22.0M | Add +63.1% |
| KFII K&F Growth Acquisition Cor-A | 1.00% | 1,885,000 | $19.3M | No change |
| DMAA Drugs Made in America Acquis | 0.89% | 1,669,000 | $17.1M | No change |
| SZZL Sizzle Acquisition Corp. Class A | 0.82% | 1,564,728 | $15.8M | Add +794.1% |
| CTLP Cantaloupe Inc. | 0.76% | 1,389,401 | $14.7M | Reduce -2.9% |
| NETD Nabors Energy Transition C-A | 0.75% | 1,293,018 | $14.5M | Reduce -12.9% |
| GTERA Globa Terra Acquisition Co. Class A | 0.73% | 1,414,429 | $14.1M | New |
| TACH Titan Acquisition Corp. Class A | 0.71% | 1,344,693 | $13.6M | New |
| SIMA Sim Acquisition Corp. I-A | 0.69% | 1,270,312 | $13.3M | Add +3.7% |
| SPR Spirit Aerosystems Hold Class A | 0.69% | 344,900 | $13.3M | No change |
| VBTX Veritex Holdings Inc. | 0.69% | 393,942 | $13.2M | New |
| VACH Voyager Acquisition Corp. | 0.69% | 1,261,894 | $13.2M | No change |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 0.68% | 1,265,907 | $13.2M | Reduce -28.3% |
| NPACU New Providence Acquisition C | 0.68% | 1,278,999 | $13.1M | Reduce -0.1% |
| SOUL Soulpower Acquisition Co. Class A | 0.67% | 1,279,300 | $12.9M | Add +2.5% |
| PLMK Plum Acquisition Corp. IV | 0.66% | 1,225,000 | $12.7M | No change |
| BACC Blue Acquisition Corp. Class A | 0.65% | 1,250,000 | $12.5M | New |
| JACS Jackson Acquisition Co. Class A | 0.64% | 1,186,200 | $12.3M | No change |
| MLAC Mountain Lake Acquisition-A | 0.63% | 1,182,271 | $12.2M | No change |
| POLE Andretti Acquisition Corp. Class A | 0.63% | 1,161,916 | $12.2M | No change |
| ALDF Aldel Financial II Inc. | 0.63% | 1,159,448 | $12.1M | No change |
| GPAT GP-Act III Acquisition-A | 0.61% | 1,110,852 | $11.8M | Reduce -4.3% |
| FACT Fact II Acquisition Corp. | 0.58% | 1,083,000 | $11.2M | No change |
| BCAR D. Boral Arc Acquisit Class A | 0.57% | 1,106,259 | $11.0M | New |
| MRUS Merus NV | 0.56% | 114,159 | $10.7M | New |
| CHAC Crane Harbor Acqu Corp. Class A | 0.54% | 1,025,000 | $10.4M | New |
| KCHVU Kochav Defense Acquisition C | 0.53% | 1,000,000 | $10.2M | No change |
| AACB Artius II Acquisition Inc. Class A | 0.52% | 995,939 | $10.1M | No change |
| LPBB Launch Two Acquisition Class A | 0.52% | 950,000 | $9.9M | No change |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.51% | 153,700 | $9.8M | New |
| NTWO Newbury Street II Ac Class A | 0.48% | 898,111 | $9.3M | Add +23.9% |
| ATII Archimedes Tech Spac Partner | 0.48% | 900,000 | $9.2M | Add +38.5% |
| COPL Copley Acquisition Corp. Class A | 0.45% | 860,600 | $8.7M | Add +700.6% |
| ARIS WATER SOLUTIONS INC-A | 0.45% | 351,639 | $8.7M | New |
| PACHU Pioneer Acquisition I Corp. | 0.44% | 850,000 | $8.5M | Add +240.0% |
| OYSEU Oyster Enterprises II Acquis | 0.44% | 850,000 | $8.5M | No change |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.43% | 789,000 | $8.3M | Add +5.3% |
| VCIC Vine Hill Capital Class A | 0.40% | 722,042 | $7.7M | Reduce -34.1% |
| ALF Centurion Acquisition Corp. | 0.38% | 688,140 | $7.3M | No change |
| TASK Taskus Inc. Class A | 0.37% | 400,627 | $7.2M | New |
| CGCTU Cartesian Growth Corp. III | 0.37% | 700,000 | $7.1M | No change |
| TAVI Tavia Acquisition Corp. | 0.37% | 680,000 | $7.0M | No change |
| LCCC Lakeshore Acquisition III Co. | 0.36% | 689,436 | $7.0M | Add +56.9% |
| GSRFU GSR IV Acquisition Corp. | 0.36% | 675,000 | $6.8M | New |
| CCAQU Dune Acquisition Corp. II | 0.35% | 666,477 | $6.8M | No change |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 0.35% | 678,000 | $6.8M | Add +171.2% |
| CSX CSX Corp. | 0.35% | 191,767 | $6.8M | New |
| SDHI Siddhi Acquisition Corp. Class A | 0.35% | 661,800 | $6.7M | No change |
| XRPN Armada Acquisition Class A | 0.34% | 633,400 | $6.6M | Add +153.4% |
| DTSQ DT Cloud Star Acquisition Co. | 0.34% | 619,817 | $6.5M | No change |
| LWACU Lightwave Acquisition Corp. | 0.30% | 569,872 | $5.7M | Add +62.8% |
| XRPNU Armada Acquisition Corp. II | 0.30% | 550,000 | $5.7M | Reduce -35.3% |
| TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V | 0.29% | 550,046 | $5.6M | Add +175.0% |
| ALE Allete Inc. | 0.29% | 84,129 | $5.6M | New |
| EVAC.U Eqv Ventures Acquisition Cor | 0.29% | 550,000 | $5.5M | New |
| IPEX Inflection Point Acquisition filed as MAYWOOD ACQUISITION CORP | 0.28% | 532,807 | $5.4M | No change |
| GTENU Gores Holdings X Inc. | 0.28% | 515,073 | $5.3M | Reduce -0.4% |
| JENA Jena Acquisition Corp. II - A | 0.27% | 512,000 | $5.2M | New |
| LEGT Legato Merger Corp. III | 0.27% | 483,161 | $5.2M | No change |
| TVA Texas Ventures Acquisition-A | 0.27% | 478,039 | $5.1M | New |
| OBA Oxley Bridge Acquisitio Class A | 0.26% | 508,100 | $5.1M | New |
| BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I | 0.26% | 500,000 | $5.0M | No change |
| CRAQ Cal Redwood Acquisit Class A | 0.26% | 500,000 | $5.0M | New |
| KDP Keurig Dr Pepper Inc. | 0.26% | 195,700 | $5.0M | New |
| AXIN Axiom Intelligence Class A | 0.26% | 500,000 | $5.0M | New |
| NMP NMP Acquisition Corp. Class A | 0.26% | 500,000 | $5.0M | New |
| VNME Vendome Acquisition Corp. Class A | 0.26% | 500,000 | $5.0M | New |
| BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I | 0.25% | 475,000 | $4.7M | New |
| NHIC Newhold Investment Cor III-A | 0.24% | 450,000 | $4.6M | Add +80.0% |
| PGAC Pantages Capital Acquisition | 0.24% | 443,000 | $4.6M | No change |
| GSRT GSR III Acquisition Corp. | 0.23% | 433,174 | $4.5M | Reduce -16.1% |
| MACI Melar Acquisition Corp. I-A | 0.23% | 424,707 | $4.5M | No change |
| OYSE Oyster Enterprises II Acq-A | 0.23% | 445,112 | $4.5M | New |
| HBI Hanesbrands Inc. | 0.22% | 652,571 | $4.3M | New |
| ORIQ Origin Investment Corp. I | 0.22% | 425,000 | $4.3M | New |
| HSPT Horizon Space Acquisition II | 0.22% | 404,900 | $4.2M | No change |
| FG MERGER II CORP | 0.22% | 418,265 | $4.2M | Reduce -4.1% |
| JENA.U Jena Acquisition Corp. II | 0.22% | 400,000 | $4.2M | No change |
| YHNA YHN Acquisition I Ltd. | 0.22% | 398,000 | $4.2M | No change |
| KOYNU CSLM Digital Asset Acquisiti | 0.21% | 400,000 | $4.0M | New |
| WENNU Wen Acquisition Corp. | 0.21% | 384,654 | $4.0M | No change |
| FVN Future Vision II Acquisition | 0.20% | 376,362 | $3.9M | No change |
| RDAC Rising Dragon Acquisition Co. | 0.20% | 367,500 | $3.8M | No change |
| GHLD Guild Holdings Co. Class A | 0.19% | 188,103 | $3.8M | Add +134.7% |
Options reported separately and not counted above: SPY puts ($133.2M), TECK puts ($72.6M), HON puts ($9.9M), CSX puts ($6.8M), WBD puts ($6.7M), PPLI puts ($6.3M), KHC puts ($5.0M), KDP puts ($5.0M), DD puts ($4.7M), APTV puts ($2.8M), CMCSA puts ($2.5M), BA puts ($1.4M).
Other holdings (55): bonds, preferreds, convertibles and warrants · $3.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 354,731 | $390K | New |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 1,025,000 | $328K | New |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 1,247,800 | $237K | New |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 850,000 | $213K | No change |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 672,345 | $203K | New |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 243,606 | $178K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 1,000,000 | $170K | New |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 805,100 | $161K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 312,499 | $159K | Reduce -13.8% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 500,000 | $109K | No change |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 439,436 | $88K | New |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 288,212 | $86K | No change |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 400,000 | $78K | No change |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 149,998 | $77K | No change |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 376,548 | $76K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 187,499 | $71K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 199,999 | $70K | No change |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 400,000 | $70K | No change |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 330,000 | $66K | New |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 216,500 | $61K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 225,000 | $52K | No change |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 385,000 | $46K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 124,999 | $46K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 224,999 | $45K | No change |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 649,000 | $43K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 99,999 | $42K | No change |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 250,000 | $40K | No change |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 119,999 | $38K | New |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 99,998 | $36K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 99,998 | $36K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 106,977 | $35K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 250,000 | $33K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 183,647 | $31K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 59,999 | $30K | Reduce -82.1% |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 224,998 | $29K | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 153,300 | $28K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 349,019 | $28K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 44,785 | $25K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 243,606 | $25K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 150,000 | $24K | No change |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 128,936 | $18K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 132,870 | $18K | Reduce -36.1% |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 49,999 | $15K | No change |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 9,923 | $12K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 145,837 | $8K | 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 | $5K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 87,498 | $5K | No change |
| GIBOW Gibo Holdings Ltd.-30 | *W EXP 05/08/203 | 74,998 | $3K | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 62,499 | $3K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 85,801 | $2K | No change |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 92,073 | $2K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 26,913 | $2K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 74,998 | $997 | No change |
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q2 2025 → Q3 2025
| HES Hess Corp. | Sold out | 0.00% | −12.59 |
| CHX Championx Corp. | Sold out | 0.00% | −5.61 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −4.15 |
| ARES ACQUISITION CORP II | Sold out | 0.00% | −2.54 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −1.99 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −1.75 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −1.61 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.89 |
| TACHU Titan Acquisition Corp. | Sold out | 0.00% | −0.80 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.69 |
| FYBR Frontier Communications Pare | Reduce -6.1% | 4.06% | −0.69 |
| CHACU Crane Harbor Acquisition Cor | Sold out | 0.00% | −0.62 |
| SZZLU Sizzle Acquisition Corp. II | Sold out | 0.00% | −0.60 |
| TVACU Texas Ventures Acquisition I | Sold out | 0.00% | −0.58 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.49 |
| MRLN Merlin Inc. | Reduce -28.3% | 0.68% | −0.38 |
| PPBI Pacific Premier Bancorp Inc. | Sold out | 0.00% | −0.34 |
| BROOKLINE BANCORP INC | Sold out | 0.00% | −0.30 |
| SPKLF Spark I Acquisition Corp. | Sold out | 0.00% | −0.27 |
| ETWO E2OPEN Parent Holdings Inc. | Sold out | 0.00% | −0.27 |
| VCIC Vine Hill Capital Class A | Reduce -34.1% | 0.40% | −0.27 |
| WLAC Willow Lane Acquisition Class A | Sold out | 0.00% | −0.25 |
| BRSL Brightstar Lottery PLC | Sold out | 0.00% | −0.22 |
| NETD Nabors Energy Transition C-A | Reduce -12.9% | 0.75% | −0.21 |
| XRPNU Armada Acquisition Corp. II | Reduce -35.3% | 0.30% | −0.21 |
| PRA Proassurance Corp. | Reduce -1.4% | 2.19% | −0.19 |
| JVSA Jvspac Acquisition Corp. Class A | Sold out | 0.00% | −0.19 |
| DYNC Dynamix Corp. | Sold out | 0.00% | −0.17 |
| CTLP Cantaloupe Inc. | Reduce -2.9% | 0.76% | −0.16 |
| GSHRU Gesher Acquisition Corp. II | Sold out | 0.00% | −0.14 |
| EURK Eureka Acquisition Corp. | Reduce -81.2% | 0.03% | −0.13 |
| IMSR Terrestrial Energy Inc. | Sold out | 0.00% | −0.13 |
| UCFI CN Healthy Food Tech Group C | Sold out | 0.00% | −0.13 |
| BKHA Black Hawk Acquisition Cor-A | Reduce -66.0% | 0.06% | −0.13 |
| CCCXU Churchill Capital Corp. X | Sold out | 0.00% | −0.12 |
| NHICU Newhold Investment Corp. III | Sold out | 0.00% | −0.12 |
| IIM Invesco Value Municipal Inco | Sold out | 0.00% | −0.11 |
| GPAT GP-Act III Acquisition-A | Reduce -4.3% | 0.61% | −0.11 |
| NPACU New Providence Acquisition C | Reduce -0.1% | 0.68% | −0.10 |
| MCGAU Yorkville Acquisition Corp. | Sold out | 0.00% | −0.10 |
| GSRT GSR III Acquisition Corp. | Reduce -16.1% | 0.23% | −0.09 |
| DD Dupont DE Nemours Inc. | Reduce -37.6% | 0.10% | −0.06 |
| CHEB Chenghe Acquisition II Co. | Sold out | 0.00% | −0.06 |
| VMO Invesco Municipal Opport | Sold out | 0.00% | −0.05 |
| GMS GMS Inc. | Sold out | 0.00% | −0.04 |
| GTENU Gores Holdings X Inc. | Reduce -0.4% | 0.28% | −0.04 |
| SBXDF Silverbox Corp. IV-A | Reduce -2.0% | 0.18% | −0.04 |
| FG MERGER II CORP | Reduce -4.1% | 0.22% | −0.04 |
| NUV Nuveen Municipal Value | Sold out | 0.00% | −0.03 |
| DRDB Roman DBDR Acquisition Corp. | Reduce -4.9% | 0.15% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| CYBR Cyberark Software Ltd./Israel | New | 6.98% | +6.98 |
| GTLS Chart Industries Inc. | New | 5.71% | +5.71 |
| TECK Teck Resources Ltd.-CLS B | New | 4.25% | +4.25 |
| COOP Mr Cooper Group Inc. | Add +47.7% | 8.06% | +3.71 |
| VRNA Verona Pharma Ltd. | New | 2.68% | +2.68 |
| NSC Norfolk Southern Corp. | New | 2.04% | +2.04 |
| EA Electronic Arts Inc. | New | 1.35% | +1.35 |
| WBD Warner Bros Discovery Inc. | New | 1.30% | +1.30 |
| TGNA Tegna Inc. | New | 1.26% | +1.26 |
| GTERA Globa Terra Acquisition Co. Class A | New | 0.73% | +0.73 |
| SZZL Sizzle Acquisition Corp. Class A | Add +794.1% | 0.82% | +0.72 |
| TACH Titan Acquisition Corp. Class A | New | 0.71% | +0.71 |
| VBTX Veritex Holdings Inc. | New | 0.69% | +0.69 |
| BACC Blue Acquisition Corp. Class A | New | 0.65% | +0.65 |
| BCAR D. Boral Arc Acquisit Class A | New | 0.57% | +0.57 |
| MRUS Merus NV | New | 0.56% | +0.56 |
| CHAC Crane Harbor Acqu Corp. Class A | New | 0.54% | +0.54 |
| AL Sumisho Air Lease Corp. | New | 0.51% | +0.51 |
| ARIS WATER SOLUTIONS INC-A | New | 0.45% | +0.45 |
| COPL Copley Acquisition Corp. Class A | Add +700.6% | 0.45% | +0.39 |
| TASK Taskus Inc. Class A | New | 0.37% | +0.37 |
| HAYMAKER ACQUISITION CORP 4 | Add +63.1% | 1.14% | +0.37 |
| GSRFU GSR IV Acquisition Corp. | New | 0.36% | +0.36 |
| CSX CSX Corp. | New | 0.35% | +0.35 |
| PACHU Pioneer Acquisition I Corp. | Add +240.0% | 0.44% | +0.30 |
| ALE Allete Inc. | New | 0.29% | +0.29 |
| EVAC.U Eqv Ventures Acquisition Cor | New | 0.29% | +0.29 |
| IPG Interpublic Group of Cos Inc. | Add +8.0% | 3.31% | +0.28 |
| JENA Jena Acquisition Corp. II - A | New | 0.27% | +0.27 |
| TVA Texas Ventures Acquisition-A | New | 0.27% | +0.27 |
| OBA Oxley Bridge Acquisitio Class A | New | 0.26% | +0.26 |
| CRAQ Cal Redwood Acquisit Class A | New | 0.26% | +0.26 |
| KDP Keurig Dr Pepper Inc. | New | 0.26% | +0.26 |
| AXIN Axiom Intelligence Class A | New | 0.26% | +0.26 |
| NMP NMP Acquisition Corp. Class A | New | 0.26% | +0.26 |
| VNME Vendome Acquisition Corp. Class A | New | 0.26% | +0.26 |
| BLUW Blue Water Acquisition C-A | New | 0.25% | +0.25 |
| OYSE Oyster Enterprises II Acq-A | New | 0.23% | +0.23 |
| HBI Hanesbrands Inc. | New | 0.22% | +0.22 |
| ORIQ Origin Investment Corp. I | New | 0.22% | +0.22 |
| KOYNU CSLM Digital Asset Acquisiti | New | 0.21% | +0.21 |
| FAC Factorial Energy Inc. | Add +171.2% | 0.35% | +0.21 |
| XRPN Armada Acquisition Class A | Add +153.4% | 0.34% | +0.20 |
| TMS Teamshares Inc. | Add +175.0% | 0.29% | +0.17 |
| CUB Lionheart Holdings Class A | New | 0.16% | +0.16 |
| SOCA Solarius Capital Acquis Class A | New | 0.16% | +0.16 |
| KCHV Kochav Defense Acquisition-A | New | 0.15% | +0.15 |
| APTV Aptiv PLC | New | 0.15% | +0.15 |
| CHECU Chenghe Acquisition III Co. | New | 0.14% | +0.14 |
| AAM Aa Mission Acquisition Cor-A | Add +23.3% | 1.48% | +0.14 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -20.0% | 200,000 | $133.2M |
| TECK Teck Resources Ltd.-CLS B | put | New | 1,654,700 | $72.6M |
| HON Honeywell International Inc. | put | Add +38.9% | 47,100 | $9.9M |
| CSX CSX Corp. | put | New | 191,600 | $6.8M |
| WBD Warner Bros Discovery Inc. | put | New | 341,700 | $6.7M |
| BRSL Brightstar Lottery PLC | put | Sold out | 411,100 | $6.5Mbefore exit |
| PPLI People Inc. | put | New | 185,400 | $6.3M |
| KHC The Kraft Heinz Co. | put | New | 193,000 | $5.0M |
| KDP Keurig Dr Pepper Inc. | put | New | 195,700 | $5.0M |
| DD Dupont DE Nemours Inc. | put | Reduce -48.7% | 59,800 | $4.7M |
| APTV Aptiv PLC | put | New | 33,000 | $2.8M |
| BA The Boeing Co. | put | Reduce -92.2% | 6,700 | $1.4M |
| PSX Phillips 66 | put | Sold out | 11,000 | $1.3Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | New | 354,731 | $390K |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | New | 1,025,000 | $328K |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | New | 1,247,800 | $237K |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | New | 672,345 | $203K |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | New | 1,000,000 | $170K |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | Reduce -13.8% | 312,499 | $159K |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | New | 439,436 | $88K |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | New | 330,000 | $66K |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | Sold out | 149,998 | $54Kbefore exit |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | New | 119,999 | $38K |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | New | 99,998 | $36K |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | Sold out | 26,408 | $31Kbefore exit |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | Reduce -82.1% | 59,999 | $30K |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | Sold out | 39,216 | $29Kbefore exit |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | Sold out | 167,497 | $22Kbefore exit |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | Reduce -36.1% | 132,870 | $18K |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | Sold out | 64,998 | $11Kbefore 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 |