Westchester Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Westchester Capital Management, LLC reported 233 stock positions worth $2.1 billion. Its top holding was Electronic Arts (EA) at 7.2% of the portfolio, followed by Norfolk Southern (NSC, 7.0%) and Warner Bros Discovery (WBD, 7.0%). Compared with Q4 2025, it opened 54 new positions, sold out of 41, added to 27 and reduced 20. The biggest buy was a new position in Webster Financial (WBS) and the biggest sale an exit from Cyberark Software Ltd./Israel (CYBR).
- Most Recent 13F
- Q2 2026
- Location
- VALHALLA, NY
- CIK
- 0001512805
- Portfolio Value
- $2.1B (Q1 2026)
- SEC Filing
- 0001512805-26-000005 ↗ filed May 15, 2026
Holdings Value
Holdings 233 stocks · $2.1B
| EA Electronic Arts Inc. | 7.17% | 725,293 | $147.9M | Add +22.1% |
| NSC Norfolk Southern Corp. | 6.98% | 501,638 | $144.0M | Add +29.4% |
| WBD Warner Bros Discovery Inc. | 6.97% | 5,233,117 | $143.7M | Add +43.4% |
| WBS Webster Financial Corp. | 6.17% | 1,833,149 | $127.3M | New |
| GTLS Chart Industries Inc. | 4.97% | 496,058 | $102.6M | No change |
| UNF Unifirst Corp. | 3.15% | 258,466 | $65.0M | New |
| CWAN Clearwater Analytics HDS-A | 3.00% | 2,617,694 | $61.9M | New |
| CTRA Coterra Energy Inc. | 2.71% | 1,588,341 | $55.8M | New |
| DBRG Digitalbridge Group Inc. | 2.20% | 2,938,348 | $45.3M | New |
| SEE Sealed Air Corp. | 1.93% | 945,707 | $39.8M | Add +10.8% |
| PRA Proassurance Corp. | 1.74% | 1,455,041 | $36.0M | Reduce -9.4% |
| HOLX Hologic Inc. | 1.67% | 455,304 | $34.4M | Add +42.4% |
| PEN Penumbra Inc. | 1.22% | 76,630 | $25.2M | New |
| MASI Masimo Corp. | 1.19% | 138,428 | $24.6M | New |
| ANSC Agriculture & Natural Soluti | 1.12% | 2,044,768 | $23.1M | Add +4.1% |
| HAYMAKER ACQUISITION CORP 4 | 1.08% | 1,939,028 | $22.2M | No change |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 1.05% | 334,421 | $21.7M | No change |
| QRVO Qorvo Inc. | 0.99% | 263,895 | $20.4M | New |
| DMAA Drugs Made in America Acquis | 0.85% | 1,669,000 | $17.5M | No change |
| OS Onestream Inc. | 0.79% | 677,498 | $16.3M | New |
| SZZL Sizzle Acquisition Corp. Class A | 0.78% | 1,561,745 | $16.0M | Reduce -0.2% |
| KFII K&F Growth Acquisition Cor-A | 0.75% | 1,476,268 | $15.4M | Reduce -21.7% |
| GTERA Globa Terra Acquisition Co. Class A | 0.70% | 1,414,429 | $14.5M | No change |
| TACH Titan Acquisition Corp. Class A | 0.67% | 1,344,693 | $13.9M | No change |
| GIW GIGCAPITAL8 Corp. Class A | 0.64% | 1,330,000 | $13.3M | Add +23.1% |
| OYSE Oyster Enterprises II Acq-A | 0.64% | 1,295,112 | $13.2M | No change |
| KCHV Kochav Defense Acquisition-A | 0.64% | 1,286,000 | $13.2M | No change |
| SOUL Soulpower Acquisition Co. Class A | 0.64% | 1,279,300 | $13.1M | No change |
| SDHI Siddhi Acquisition Corp. Class A | 0.63% | 1,249,197 | $13.0M | Reduce -7.4% |
| PACH Pioneer Acquisition I Class A | 0.62% | 1,258,612 | $12.8M | Add +208.0% |
| JACS Jackson Acquisition Co. Class A | 0.61% | 1,186,200 | $12.6M | No change |
| ALDF Aldel Financial II Inc. | 0.59% | 1,159,448 | $12.3M | No change |
| JHG Janus Henderson Group PLC | 0.57% | 230,719 | $11.9M | New |
| POLE Andretti Acquisition Corp. Class A | 0.57% | 1,111,416 | $11.8M | No change |
| NPAC New Providence Acquisition-A | 0.56% | 1,128,999 | $11.6M | Reduce -11.7% |
| OBA Oxley Bridge Acquisitio Class A | 0.55% | 1,117,657 | $11.3M | Add +21.8% |
| VACH Voyager Acquisition Corp. | 0.50% | 961,894 | $10.3M | Reduce -23.8% |
| AACB Artius II Acquisition Inc. Class A | 0.50% | 995,939 | $10.3M | No change |
| CRAQ Cal Redwood Acquisit Class A | 0.49% | 1,000,000 | $10.2M | Add +53.9% |
| LPBB Launch Two Acquisition Class A | 0.49% | 950,000 | $10.1M | No change |
| APXT Apex Treasury Corp. Class A | 0.48% | 1,000,000 | $10.0M | Add +100.0% |
| PLMK Plum Acquisition Corp. IV | 0.47% | 921,100 | $9.7M | Reduce -24.8% |
| ATII Archimedes Tech Spac Partner | 0.46% | 907,144 | $9.4M | No change |
| NTWO Newbury Street II Ac Class A | 0.46% | 898,111 | $9.4M | No change |
| MLAC Mountain Lake Acquisition-A | 0.45% | 887,700 | $9.3M | No change |
| GPAT GP-Act III Acquisition-A | 0.45% | 860,852 | $9.3M | Reduce -36.7% |
| JENA Jena Acquisition Corp. II - A | 0.45% | 912,000 | $9.3M | No change |
| APLS Apellis Pharmaceuticals Inc. | 0.44% | 227,489 | $9.2M | New |
| GSRF GSR IV Acquisition Corp. Class A | 0.44% | 900,000 | $9.0M | New |
| COPL Copley Acquisition Corp. Class A | 0.43% | 860,600 | $8.9M | No change |
| CCIX Churchill Capital Corp. Ix | 0.43% | 824,769 | $8.8M | Add +1003.1% |
| XRPN Armada Acquisition Class A | 0.42% | 833,400 | $8.6M | No change |
| RDAG Republic Digital Acquis Class A | 0.41% | 825,000 | $8.4M | New |
| LBRDA Liberty Broadband-A | 0.41% | 166,713 | $8.4M | Reduce -68.6% |
| LWAC Lightwave Acquisition Corp. Class A | 0.40% | 819,872 | $8.3M | No change |
| SIMA Sim Acquisition Corp. I-A | 0.40% | 770,312 | $8.3M | Reduce -39.4% |
| APTV Aptiv PLC | 0.38% | 111,900 | $7.8M | No change |
| FACT Fact II Acquisition Corp. | 0.37% | 726,116 | $7.6M | Reduce -21.2% |
| MKLY McKinley Acquisition Co. Class A | 0.36% | 740,000 | $7.4M | Add +196.0% |
| ALF Centurion Acquisition Corp. | 0.36% | 688,240 | $7.4M | No change |
| TACO Berto Acquisition Corp. | 0.35% | 703,632 | $7.2M | Add +62.3% |
| TAVI Tavia Acquisition Corp. | 0.35% | 680,000 | $7.2M | No change |
| LCCC Lakeshore Acquisition III Co. | 0.34% | 689,436 | $7.1M | No change |
| CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II | 0.33% | 666,477 | $6.9M | No change |
| AXIN Axiom Intelligence Class A | 0.33% | 675,000 | $6.8M | No change |
| WENN Wen Acquisition Corp. Class A | 0.33% | 671,583 | $6.8M | Add +1178.5% |
| KOYN CSLM Digital Asset Acqu - A | 0.32% | 650,000 | $6.5M | Add +62.5% |
| SOCA Solarius Capital Acquis Class A | 0.32% | 640,000 | $6.5M | No change |
| CRAC Crown Reserve Acquisiti Class A | 0.31% | 635,872 | $6.4M | Add +4.2% |
| B Barrick Mining Corp. | 0.31% | 155,500 | $6.3M | New |
| MLAAU Mountain Lake Acquisition Co. | 0.30% | 614,526 | $6.1M | New |
| HAVAU Harvard Ave Acquisition Corp. | 0.29% | 598,790 | $6.1M | No change |
| VAL Valaris Ltd. | 0.29% | 61,546 | $6.0M | New |
| BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I | 0.28% | 565,552 | $5.8M | Add +182.8% |
| CZR Caesars Entertainment Inc. | 0.28% | 217,800 | $5.8M | New |
| YCY Aa Mission Acquisition-A | 0.28% | 572,185 | $5.7M | Add +633.6% |
| TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V | 0.28% | 550,046 | $5.7M | No change |
| KVUE Kenvue Inc. | 0.28% | 331,350 | $5.7M | Add +898.0% |
| EVAC.U Eqv Ventures Acquisition Cor | 0.27% | 550,000 | $5.6M | No change |
| MCGA Yorkville Acquisition Corp. Class A | 0.27% | 550,000 | $5.6M | New |
| FDX FedEx Corp. | 0.27% | 15,600 | $5.6M | New |
| IPEX Inflection Point Acquisition | 0.27% | 532,807 | $5.5M | No change |
| TVAI Thayer Ventures Acquis Class A | 0.26% | 525,000 | $5.4M | No change |
| LEGT Legato Merger Corp. III | 0.26% | 483,161 | $5.3M | No change |
| ENHA Enhanced Group Inc. filed as A PARADISE ACQUISITION CORP | 0.26% | 521,794 | $5.3M | No change |
| GTEN Gores Holdings X Inc. Class A | 0.26% | 515,073 | $5.3M | No change |
| NMP NMP Acquisition Corp. Class A | 0.25% | 500,000 | $5.1M | No change |
| VNME Vendome Acquisition Corp. Class A | 0.25% | 500,000 | $5.1M | No change |
| DMIIU Drugs Made in America Acquis | 0.24% | 502,914 | $5.0M | No change |
| SSACU Spacsphere Acquisition Corp. | 0.24% | 500,000 | $5.0M | New |
| DMII Drugs Made in America Acquis | 0.24% | 500,006 | $5.0M | Add +0.0% |
| SCII SC II Acquisition Corp. Class A | 0.24% | 500,000 | $5.0M | New |
| NHIC Newhold Investment Cor III-A | 0.23% | 450,000 | $4.7M | No change |
| PGAC Pantages Capital Acquisition | 0.23% | 443,000 | $4.6M | No change |
| CTLP Cantaloupe Inc. | 0.22% | 425,702 | $4.6M | Reduce -69.4% |
| MACI Melar Acquisition Corp. I-A | 0.22% | 424,707 | $4.6M | No change |
| CEPV Cantor Equity Partners Class A | 0.22% | 450,000 | $4.5M | No change |
| MMTX Miluna Acquisition Class A | 0.22% | 450,000 | $4.5M | New |
| ORIQ Origin Investment Corp. I | 0.21% | 425,000 | $4.3M | No change |
| CUB Lionheart Holdings Class A | 0.21% | 400,036 | $4.3M | No change |
Options reported separately and not counted above: SPY puts ($97.6M), KDP puts ($7.9M), APTV puts ($7.8M), B puts ($6.3M), HON puts ($6.0M), CZR puts ($5.8M), FDX puts ($5.6M), LHX puts ($2.7M), KHC puts ($983K), CWAN puts ($50K).
Other holdings (64): bonds, preferreds, convertibles and warrants · $3.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 1,000,000 | $210K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 1,000,000 | $198K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 700,013 | $182K | No change |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | 92,854 | $178K | New |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 672,345 | $175K | No change |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 747,800 | $135K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 850,000 | $128K | No change |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 449,855 | $121K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 74,999 | $109K | Reduce -25.0% |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 199,999 | $102K | No change |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 288,212 | $93K | No change |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 198,958 | $90K | New |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 424,999 | $89K | New |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 850,000 | $86K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 312,499 | $81K | No change |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 439,436 | $79K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 363,930 | $69K | Reduce -14.6% |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 284,934 | $68K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 100,000 | $65K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 128,764 | $64K | No change |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 192,324 | $62K | New |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 385,000 | $62K | No change |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 100,055 | $60K | No change |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 363,554 | $55K | Reduce -3.5% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 400,000 | $52K | No change |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 400,000 | $51K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 187,499 | $51K | No change |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 100,717 | $48K | Reduce -22.4% |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 74,998 | $45K | New |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 99,998 | $45K | No change |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 250,000 | $42K | No change |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 275,000 | $41K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 225,000 | $41K | No change |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 400,000 | $40K | No change |
| YCY.WS Aa Mission Acquisition -31 | *W EXP 07/23/203 | 247,090 | $40K | New |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 330,000 | $36K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 349,019 | $36K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 224,998 | $36K | No change |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 149,998 | $32K | No change |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 500,000 | $28K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 150,000 | $27K | New |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 119,999 | $26K | No change |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 175,000 | $26K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 250,000 | $26K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 183,647 | $25K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 150,000 | $24K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 132,870 | $24K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 243,606 | $22K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 99,998 | $22K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 53,872 | $22K | Reduce -73.1% |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | 175,000 | $21K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 124,999 | $20K | No change |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 99,997 | $19K | New |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 606,555 | $18K | Reduce -6.5% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 37,499 | $16K | New |
| LATAW Galata Acquisition Corp. - 30 | *W EXP 09/12/203 | 58,331 | $14K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 106,977 | $14K | No change |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 9,923 | $13K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 37,499 | $9K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 44,785 | $8K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 49,999 | $6K | No change |
| BSAAR Best Spac I Acquisition - RT | RIGHT 05/27/2030 | 50,000 | $5K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 99,994 | $3K | No change |
| WTGUR Wintergreen Acquisition-RT | RIGHT 99/99/9999 | 4,058 | $487 | No change |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q4 2025 → Q1 2026
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −6.89 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −4.14 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −3.60 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −3.54 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −3.27 |
| CMA Comerica Inc. | Sold out | 0.00% | −2.70 |
| DAY Dayforce Inc. | Sold out | 0.00% | −1.78 |
| AAM Aa Mission Acquisition Cor-A | Sold out | 0.00% | −1.36 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −1.22 |
| NGD New Gold Inc. | Sold out | 0.00% | −1.17 |
| TGNA Tegna Inc. | Sold out | 0.00% | −1.09 |
| LBRDA Liberty Broadband-A | Reduce -68.6% | 0.41% | −0.80 |
| CADE Cadence Bank | Sold out | 0.00% | −0.66 |
| THS Treehouse Foods Inc. | Sold out | 0.00% | −0.62 |
| CTLP Cantaloupe Inc. | Reduce -69.4% | 0.22% | −0.47 |
| PACHU Pioneer Acquisition I Corp. | Sold out | 0.00% | −0.41 |
| TASK Taskus Inc. Class A | Sold out | 0.00% | −0.33 |
| CSX CSX Corp. | Sold out | 0.00% | −0.32 |
| GSRFU GSR IV Acquisition Corp. | Sold out | 0.00% | −0.32 |
| BCAR D. Boral Arc Acquisit Class A | Reduce -61.5% | 0.19% | −0.28 |
| GPAT GP-Act III Acquisition-A | Reduce -36.7% | 0.45% | −0.23 |
| SIMA Sim Acquisition Corp. I-A | Reduce -39.4% | 0.40% | −0.23 |
| YCY.U Aa Mission Acquisition Corp. | Sold out | 0.00% | −0.23 |
| BLUWU Blue Water Acquisition III | Sold out | 0.00% | −0.20 |
| HSPT Horizon Space Acquisition II | Reduce -94.8% | 0.01% | −0.19 |
| WENNU Wen Acquisition Corp. | Sold out | 0.00% | −0.19 |
| KFII K&F Growth Acquisition Cor-A | Reduce -21.7% | 0.75% | −0.17 |
| CAPN Cayson Acquisition Corp. | Sold out | 0.00% | −0.16 |
| VACH Voyager Acquisition Corp. | Reduce -23.8% | 0.50% | −0.14 |
| PLMK Plum Acquisition Corp. IV | Reduce -24.8% | 0.47% | −0.13 |
| EGHA Egh Acquisition Co. Class A | Reduce -75.1% | 0.04% | −0.12 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.11 |
| HON Honeywell International Inc. | Reduce -67.7% | 0.07% | −0.11 |
| CEPF Cantor Equity Partners Class A | Sold out | 0.00% | −0.10 |
| OBAWU Oxley Bridge Acquisition Ltd. | Sold out | 0.00% | −0.10 |
| PRA Proassurance Corp. | Reduce -9.4% | 1.74% | −0.08 |
| FACT Fact II Acquisition Corp. | Reduce -21.2% | 0.37% | −0.08 |
| PMTRU Perimeter Acquisition Corp. I | Sold out | 0.00% | −0.08 |
| NVG Nuveen Amt-FR Muni CRDT | Sold out | 0.00% | −0.07 |
| CRAQU Cal Redwood Acquisition Corp. | Sold out | 0.00% | −0.07 |
| BYM BlackRock Muni Inc. QLTY | Sold out | 0.00% | −0.07 |
| CHAC Crane Harbor Acqu Corp. Class A | Sold out | 0.00% | −0.07 |
| FTW Eqv Ventures Acquisition C-A | Sold out | 0.00% | −0.07 |
| SVACU Spring Valley Acquisition Co. | Reduce -62.5% | 0.04% | −0.06 |
| NPAC New Providence Acquisition-A | Reduce -11.7% | 0.56% | −0.06 |
| COLA Columbus Acquisition Corp. | Sold out | 0.00% | −0.04 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.04 |
| KVACF Keen Vision Acquisition Corp. | Sold out | 0.00% | −0.04 |
| MRLN Merlin Inc. | Sold out | 0.00% | −0.04 |
| RDAGU Republic Digital Acquisition | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| WBS Webster Financial Corp. | New | 6.17% | +6.17 |
| UNF Unifirst Corp. | New | 3.15% | +3.15 |
| CWAN Clearwater Analytics HDS-A | New | 3.00% | +3.00 |
| CTRA Coterra Energy Inc. | New | 2.71% | +2.71 |
| DBRG Digitalbridge Group Inc. | New | 2.20% | +2.20 |
| WBD Warner Bros Discovery Inc. | Add +43.4% | 6.97% | +2.01 |
| NSC Norfolk Southern Corp. | Add +29.4% | 6.98% | +1.70 |
| EA Electronic Arts Inc. | Add +22.1% | 7.17% | +1.45 |
| PEN Penumbra Inc. | New | 1.22% | +1.22 |
| MASI Masimo Corp. | New | 1.19% | +1.19 |
| QRVO Qorvo Inc. | New | 0.99% | +0.99 |
| OS Onestream Inc. | New | 0.79% | +0.79 |
| JHG Janus Henderson Group PLC | New | 0.57% | +0.57 |
| HOLX Hologic Inc. | Add +42.4% | 1.67% | +0.55 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.44% | +0.44 |
| GSRF GSR IV Acquisition Corp. Class A | New | 0.44% | +0.44 |
| PACH Pioneer Acquisition I Class A | Add +208.0% | 0.62% | +0.43 |
| RDAG Republic Digital Acquis Class A | New | 0.41% | +0.41 |
| CCIX Churchill Capital Corp. Ix | Add +1003.1% | 0.43% | +0.39 |
| B Barrick Mining Corp. | New | 0.31% | +0.31 |
| WENN Wen Acquisition Corp. Class A | Add +1178.5% | 0.33% | +0.31 |
| MLAAU Mountain Lake Acquisition Co. | New | 0.30% | +0.30 |
| VAL Valaris Ltd. | New | 0.29% | +0.29 |
| CZR Caesars Entertainment Inc. | New | 0.28% | +0.28 |
| MCGA Yorkville Acquisition Corp. Class A | New | 0.27% | +0.27 |
| FDX FedEx Corp. | New | 0.27% | +0.27 |
| SEE Sealed Air Corp. | Add +10.8% | 1.93% | +0.26 |
| APXT Apex Treasury Corp. Class A | Add +100.0% | 0.48% | +0.25 |
| KVUE Kenvue Inc. | Add +898.0% | 0.28% | +0.25 |
| SSACU Spacsphere Acquisition Corp. | New | 0.24% | +0.24 |
| MKLY McKinley Acquisition Co. Class A | Add +196.0% | 0.36% | +0.24 |
| SCII SC II Acquisition Corp. Class A | New | 0.24% | +0.24 |
| YCY Aa Mission Acquisition-A | Add +633.6% | 0.28% | +0.24 |
| MMTX Miluna Acquisition Class A | New | 0.22% | +0.22 |
| BLUW Blue Water Acquisition C-A | Add +182.8% | 0.28% | +0.18 |
| CRAQ Cal Redwood Acquisit Class A | Add +53.9% | 0.49% | +0.18 |
| MEVOU M Evo Global Acquisition Cor | New | 0.16% | +0.16 |
| MHD BlackRock Muniholdings Fund | Add +641.5% | 0.18% | +0.15 |
| GIXXU GIGCAPITAL9 Corp. | New | 0.15% | +0.15 |
| TACO Berto Acquisition Corp. | Add +62.3% | 0.35% | +0.14 |
| GIW GIGCAPITAL8 Corp. Class A | Add +23.1% | 0.64% | +0.14 |
| KOYN CSLM Digital Asset Acqu - A | Add +62.5% | 0.32% | +0.13 |
| ALOVU Aldabra 4 Liquidity Opportun | New | 0.12% | +0.12 |
| AEAQ Activate Energy Acquisitio-A | New | 0.12% | +0.12 |
| WPAC White Pearl Acquisition Co. Class A | New | 0.12% | +0.12 |
| OBA Oxley Bridge Acquisitio Class A | Add +21.8% | 0.55% | +0.11 |
| WSTN Westin Acquisition Corp. Class A | New | 0.11% | +0.11 |
| WPAC.U White Pearl Acquisition Corp. | New | 0.10% | +0.10 |
| CAQUU Cambridge Acquisition Corp. | New | 0.10% | +0.10 |
| MZYX.U Mozayyx Acquisition Corp. | New | 0.10% | +0.10 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -25.0% | 150,000 | $97.6M |
| TECK Teck Resources Ltd.-CLS B | put | Sold out | 1,278,900 | $61.2Mbefore exit |
| CSX CSX Corp. | put | Sold out | 299,800 | $10.9Mbefore exit |
| WBD Warner Bros Discovery Inc. | put | Sold out | 330,400 | $9.5Mbefore exit |
| KDP Keurig Dr Pepper Inc. | put | Add +20.3% | 298,300 | $7.9M |
| B Barrick Mining Corp. | put | New | 155,100 | $6.3M |
| HON Honeywell International Inc. | put | Reduce -50.0% | 26,600 | $6.0M |
| CZR Caesars Entertainment Inc. | put | New | 217,800 | $5.8M |
| FDX FedEx Corp. | put | New | 15,600 | $5.6M |
| CMCSA Comcast Corp. Class A | put | Sold out | 135,500 | $4.1Mbefore exit |
| LHX L3HARRIS Technologies Inc. | put | New | 7,900 | $2.7M |
| KHC The Kraft Heinz Co. | put | Reduce -82.0% | 43,700 | $983K |
| KVUE Kenvue Inc. | put | Sold out | 33,200 | $573Kbefore exit |
| CWAN Clearwater Analytics HDS-A | put | New | 2,100 | $50K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | Sold out | 260,489 | $208Kbefore exit |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | New | 92,854 | $178K |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | Reduce -25.0% | 74,999 | $109K |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | New | 198,958 | $90K |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | New | 424,999 | $89K |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | Reduce -14.6% | 363,930 | $69K |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | New | 192,324 | $62K |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | Reduce -3.5% | 363,554 | $55K |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | Reduce -22.4% | 100,717 | $48K |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | New | 74,998 | $45K |
| YCY.WS Aa Mission Acquisition -31 | *W EXP 07/23/203 | New | 247,090 | $40K |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | New | 150,000 | $27K |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | Reduce -73.1% | 53,872 | $22K |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | New | 99,997 | $19K |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | Reduce -6.5% | 606,555 | $18K |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | Sold out | 75,000 | $18Kbefore exit |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | New | 37,499 | $16K |
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 |