WHITEBOX ADVISORS LLC
13F Reported Value
ⓘ$7.7B
incl. option notional
Equity Holdings
ⓘ$6.2B
Option Notional
ⓘ$1.5B
$1.4B puts / $22.7M calls
Holdings
667
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
WHITEBOX ADVISORS LLC disclosed 667 positions worth $7.7B in its Form 13F-HR for Q2 2026 — $6.2B in common stock plus $1.5B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) puts, followed by $ECHO and $SPHR. During the quarter the fund opened 179 new positions and exited 72 — including a new stake in $SMCI and a full exit from $WDC. The portfolio is most concentrated in Technology (28.8% of disclosed assets). All figures are sourced directly from WHITEBOX ADVISORS LLC’s Form 13F-HR filing with the SEC under CIK 1257391.
AI Fund Analysis
Diversifying
Sector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- —
Quality
$373.4M500,000 sh - 32.8#2,411
Quality
$319.1M102,197,086 sh - 53.7#1,372
Quality
$299.4M61,117,000 sh - 54.9
Quality
$256.9M145,307,000 sh - —
Quality
$226.9M192,400,000 sh - 62.0
Quality
$213.2M240,250,000 sh - 35.8
Quality
$201.9M50,700,000 sh - 61.2
Quality
$198.0M194,350,000 sh - 61.2
Quality
$176.3M174,000,000 sh - 67.1
Quality
$160.0M506,881 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $373.4M | 500,000 |
 EchoStar CORP$ECHO | 32.8#2,411 | $319.1M | 102,197,086 |
 Sphere Entertainment Co.$SPHR | 53.7#1,372 | $299.4M | 61,117,000 |
 Snowflake Inc.$SNOW | 54.9 | $256.9M | 145,307,000 |
 Alibaba Group Holding Ltd$BABA | — | $226.9M | 192,400,000 |
 Super Micro Computer, Inc.$SMCI | 62.0 | $213.2M | 240,250,000 |
 Applied Digital Corp.$APLD | 35.8 | $201.9M | 50,700,000 |
 GameStop Corp.$GME | 61.2 | $198.0M | 194,350,000 |
| GameStop Corp.$GME | 61.2 | $176.3M | 174,000,000 |
 Penumbra Inc$PEN | 67.1 | $160.0M | 506,881 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of WHITEBOX ADVISORS LLC's 667 positions.
Showing top 10 of 667 holdings.
Sector Allocation
Technology
$1.8B
Financials
$1.3B
Communication Services
$755.1M
Other
$722.0M
Industrials
$628.2M
Healthcare
$459.4M
Consumer Discretionary
$163.5M
Energy
$137.7M
Top Holdings — WHITEBOX ADVISORS LLC (Q2 2026)
Top 150 of 667 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SPYPUT | SPDR S&P 500 ETF TRUST | $373.4M | — | +0% | — |
| 2 | $ECHO | EchoStar CORP | $319.1M | 5.2% | +0% | 32.8 |
| 3 | $SPHR | Sphere Entertainment Co. | $299.4M | 4.8% | -5% | 53.7 |
| 4 | $SNOW | Snowflake Inc. | $256.9M | 4.2% | +2% | 54.9 |
| 5 | $BABA | Alibaba Group Holding Ltd | $226.9M | 3.7% | +20% | — |
| 6 | $SMCI | Super Micro Computer, Inc. | $213.2M | 3.4% | NEW | 62 |
| 7 | $APLD | Applied Digital Corp. | $201.9M | 3.3% | -17% | 35.8 |
| 8 | $GME | GameStop Corp. | $198.0M | 3.2% | NEW | 61.2 |
| 9 | $GME | GameStop Corp. | $176.3M | 2.9% | NEW | 61.2 |
| 10 | $PEN | Penumbra Inc | $160.0M | 2.6% | +14% | 67.1 |
| 11 | — | ISHARES TR - RUSSELL 2000 ETF | $150.2M | — | -33% | — |
| 12 | — | CLOUDFLARE INC - NOTE 6/1 | $149.6M | 2.4% | NEW | — |
| 13 |  $TECH | BIO-TECHNE Corp | $148.4M | 2.4% | NEW | 58.9 |
| 14 |  $COIN | Coinbase Global, Inc. | $147.4M | 2.4% | +37% | 44.8 |
| 15 |  $UBER | Uber Technologies, Inc | $144.3M | 2.3% | NEW | 73.5 |
| 16 |  $NVDAPUT | NVIDIA CORP | $140.1M | — | -13% | 85.9 |
| 17 |  $NBISPUT | Nebius Group N.V. | $138.1M | — | +0% | — |
| 18 | $SMCIPUT | Super Micro Computer, Inc. | $120.3M | — | -11% | 62 |
| 19 |  $WBS | WEBSTER FINANCIAL CORP | $119.2M | 1.9% | -19% | 63.3 |
| 20 | $SNOW | Snowflake Inc. | $112.3M | 1.8% | -51% | 54.9 |
| 21 |  $TCOM | Trip.com Group Ltd | $110.5M | 1.8% | -15% | — |
| 22 | — | GDS HLDGS LTD - NOTE 2.250% 6/0 | $108.0M | 1.7% | NEW | — |
| 23 |  $MSTR | Strategy Inc | $107.8M | 1.7% | +0% | 17.9 |
| 24 |  $CZR | Caesars Entertainment, Inc. | $102.0M | 1.6% | +2886% | 44.5 |
| 25 |  $TSMPUT | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $95.5M | — | +0% | — |
| 26 |  $MUPUT | MICRON TECHNOLOGY INC | $92.3M | — | NEW | 86.2 |
| 27 |  $LEU | CENTRUS ENERGY CORP | $90.3M | 1.5% | +0% | 41.3 |
| 28 |  $WOLF | WOLFSPEED, INC. | $84.0M | 1.4% | -1% | 22.8 |
| 29 | — | RIVIAN AUTOMOTIVE INC - NOTE 3.625%10/1 | $82.3M | 1.3% | +0% | — |
| 30 |  $JBLU | JETBLUE AIRWAYS CORP | $75.5M | 1.2% | -6% | 33.5 |
| 31 |  $AZUL | AZUL SA | $75.2M | 1.2% | NEW | 50 |
| 32 | $SMCI | Super Micro Computer, Inc. | $72.7M | 1.2% | NEW | 62 |
| 33 |  $AAPLPUT | Apple Inc. | $72.3M | — | +25% | 76.4 |
| 34 |  $MARA | MARA Holdings, Inc. | $72.2M | 1.2% | +3% | 36.5 |
| 35 | — | VANECK ETF TRUST - SEMICONDUCTR ETF | $65.6M | — | NEW | — |
| 36 |  $LITE | Lumentum Holdings Inc. | $62.8M | 1.0% | -77% | 44.3 |
| 37 |  $VAL | Valaris Ltd | $61.8M | 1.0% | +46% | — |
| 38 |  $APGE | Apogee Therapeutics, Inc. | $59.7M | 1.0% | NEW | — |
| 39 | $MARA | MARA Holdings, Inc. | $55.5M | 0.9% | +0% | 36.5 |
| 40 |  $CLSK | CLEANSPARK, INC. | $54.3M | 0.9% | +45% | 37.4 |
| 41 |  $RBRK | Rubrik, Inc. | $53.5M | 0.9% | NEW | 56.6 |
| 42 |  $UPST | Upstart Holdings, Inc. | $53.4M | 0.9% | +8% | 61.7 |
| 43 | — | STRATEGY INC - NOTE 3/0 | $52.8M | 0.8% | +15% | — |
| 44 | $UPST | Upstart Holdings, Inc. | $47.2M | 0.8% | -36% | 61.7 |
| 45 |  $SITM | SITIME Corp | $47.0M | 0.8% | NEW | 66.1 |
| 46 |  $GPOR | GULFPORT ENERGY CORP | $46.6M | 0.8% | +25% | 72.4 |
| 47 | $SMCI | Super Micro Computer, Inc. | $46.2M | 0.8% | NEW | 62 |
| 48 |  $TFPM | Triple Flag Precious Metals Corp. | $45.5M | 0.7% | +0% | — |
| 49 |  $ARRY | Array Technologies, Inc. | $41.1M | 0.7% | NEW | 40.2 |
| 50 | $MARA | MARA Holdings, Inc. | $40.7M | 0.7% | -19% | 36.5 |
| 51 |  $WBD | Warner Bros. Discovery, Inc. | $40.7M | 0.7% | -6% | 41.4 |
| 52 |  $CRWVPUT | CoreWeave, Inc. | $39.8M | — | NEW | 52.2 |
| 53 | $MARAPUT | MARA Holdings, Inc. | $39.3M | — | -35% | 36.5 |
| 54 | $MSTR | Strategy Inc | $36.5M | 0.6% | -15% | 17.9 |
| 55 | — | ORACLE CORP - 6.5 DEP CUM SR D | $36.0M | 0.6% | -11% | — |
| 56 |  $HEI.A | HEICO CORP | $34.1M | 0.6% | +6% | 75.6 |
| 57 |  $NUVL | Nuvalent, Inc. | $34.0M | 0.6% | NEW | — |
| 58 |  $ECPG | ENCORE CAPITAL GROUP INC | $33.7M | 0.5% | -46% | 70.9 |
| 59 |  $HLF | HERBALIFE LTD. | $33.6M | 0.5% | +0% | — |
| 60 |  $OPI | OFFICE PROPERTIES INCOME TRUST | $29.7M | 0.5% | NEW | — |
| 61 | $WBDPUT | Warner Bros. Discovery, Inc. | $29.3M | — | +0% | 41.4 |
| 62 |  $IREN | IREN Ltd | $28.5M | 0.5% | +0% | 46.3 |
| 63 |  $LUMNPUT | Lumen Technologies, Inc. | $26.9M | — | +0% | 47 |
| 64 |  $FLNC | Fluence Energy, Inc. | $25.6M | 0.4% | +0% | 43 |
| 65 |  $AMCX | AMC Global Media Inc. | $24.9M | 0.4% | -1% | 46.6 |
| 66 |  $LLYVA | Liberty Live Holdings, Inc. | $23.0M | 0.4% | +35% | 27.5 |
| 67 |  $GTLS | CHART INDUSTRIES INC | $20.9M | 0.3% | -87% | 49 |
| 68 | $IREN | IREN Ltd | $19.2M | 0.3% | NEW | 46.3 |
| 69 |  $TDWPUT | TIDEWATER INC | $18.4M | — | NEW | 64.3 |
| 70 |  $OMER | OMEROS CORP | $17.7M | 0.3% | -47% | — |
| 71 | — | DOORDASH INC - NOTE 5/1 | $16.5M | 0.3% | NEW | — |
| 72 |  $SVC | Service Properties Trust | $16.2M | 0.3% | +154% | 35.7 |
| 73 |  $RUN | Sunrun Inc. | $16.1M | 0.3% | -34% | 56.3 |
| 74 | $JBLUCALL | JETBLUE AIRWAYS CORP | $15.8M | — | +57% | 33.5 |
| 75 |  $GVA | GRANITE CONSTRUCTION INC | $15.7M | 0.3% | -25% | 54.4 |
| 76 |  $XRX | Xerox Holdings Corp | $15.3M | 0.3% | +0% | 44.8 |
| 77 |  $SMTC | SEMTECH CORP | $15.1M | 0.2% | +0% | 55.9 |
| 78 |  $CHRD | Chord Energy Corp | $14.2M | 0.2% | -22% | 74.8 |
| 79 |  $NIO | NIO Inc. | $13.7M | 0.2% | +37% | — |
| 80 | $MSTR | Strategy Inc | $13.4M | 0.2% | +16% | 17.9 |
| 81 |  $SM | SM Energy Co | $13.0M | 0.2% | -18% | 79 |
| 82 |  $CYH | COMMUNITY HEALTH SYSTEMS INC | $12.5M | 0.2% | +19% | 49.6 |
| 83 | — | RIVIAN AUTOMOTIVE INC - NOTE 4.625% 3/1 | $11.8M | 0.2% | NEW | — |
| 84 |  $DCH | Dauch Corp | $11.7M | 0.2% | -6% | 49.5 |
| 85 |  $LBRDA | Liberty Broadband Corp | $11.6M | 0.2% | +0% | 53 |
| 86 |  $BLCO | Bausch & Lomb Corp | $11.4M | 0.2% | -38% | 51.2 |
| 87 |  $GRFS | Grifols SA | $11.4M | 0.2% | -22% | — |
| 88 |  $TE | T1 Energy Inc. | $10.4M | 0.2% | +100% | 38.2 |
| 89 |  $GLNG | GOLAR LNG LTD | $10.2M | 0.2% | NEW | — |
| 90 |  $FOX | Fox Corp | $9.3M | 0.1% | +13% | 64.5 |
| 91 |  $UP | Wheels Up Experience Inc. | $9.2M | 0.1% | NEW | 19.5 |
| 92 | $TE | T1 Energy Inc. | $8.7M | 0.1% | NEW | 38.2 |
| 93 |  $NWSA | NEWS CORP | $8.5M | 0.1% | +401% | 55.4 |
| 94 |  $VNME | Vendome Acquisition Corp I | $8.4M | 0.1% | +0% | — |
| 95 |  $TACH | Titan Acquisition Corp. | $8.3M | 0.1% | +0% | — |
| 96 |  $GIW | GigCapital8 Corp. | $8.1M | 0.1% | +0% | — |
| 97 |  $IACO | Idea Acquisition Corp. | $7.9M | 0.1% | NEW | — |
| 98 |  $FERA | Fifth Era Acquisition Corp I | $7.8M | 0.1% | +0% | — |
| 99 | — | WILLIS LEASE FIN CORP - NOTE 2.500% 5/1 | $7.6M | 0.1% | NEW | — |
| 100 |  $HAVA | Harvard Ave Acquisition Corp | $7.6M | 0.1% | +0% | — |
| 101 | $UPST | Upstart Holdings, Inc. | $7.5M | 0.1% | +0% | 61.7 |
| 102 |  $GRPN | Groupon, Inc. | $7.1M | 0.1% | +0% | 26.1 |
| 103 | — | X3 ACQUISITION CORP LTD - ORD SHS CL A | $7.0M | 0.1% | +0% | — |
| 104 |  $PONO | Pono Capital Four, Inc. | $7.0M | 0.1% | NEW | — |
| 105 |  $MPTPUT | MEDICAL PROPERTIES TRUST INC | $6.9M | — | -16% | 38.2 |
| 106 |  $GT | GOODYEAR TIRE & RUBBER CO /OH/ | $6.8M | 0.1% | +18% | 34.6 |
| 107 | $LBRDA | Liberty Broadband Corp | $6.8M | 0.1% | -86% | 53 |
| 108 |  $BCARU | D. Boral ARC Acquisition I Corp. | $6.8M | 0.1% | +0% | — |
| 109 |  $SZZL | Sizzle Acquisition Corp. II | $6.7M | 0.1% | +0% | — |
| 110 |  $SOUL | Soulpower Acquisition Corp. | $6.7M | 0.1% | +0% | — |
| 111 |  $MGM | MGM Resorts International | $6.6M | 0.1% | -26% | 55.2 |
| 112 |  $UAA | Under Armour, Inc. | $6.6M | 0.1% | -13% | 34.6 |
| 113 |  $VOYG | Voyager Technologies, Inc./TX | $6.3M | 0.1% | NEW | 22.6 |
| 114 | $XRXPUT | Xerox Holdings Corp | $6.3M | — | +0% | 44.8 |
| 115 |  $ACI | Albertsons Companies, Inc. | $6.2M | 0.1% | +41% | 61.7 |
| 116 |  $BTDRPUT | Bitdeer Technologies Group | $6.2M | — | +0% | — |
| 117 |  $WENN | WEN Acquisition Corp | $6.2M | 0.1% | +0% | — |
| 118 |  $BEPC | Brookfield Renewable Corp | $5.9M | 0.1% | +0% | — |
| 119 |  $RYAAY | RYANAIR HOLDINGS PLC | $5.8M | 0.1% | NEW | — |
| 120 | — | ARMADA ACQUISITION CORP III - ORD SHS CL A | $5.5M | 0.1% | NEW | — |
| 121 |  $MYX | Maywood Acquisition Corp. 2 | $5.4M | 0.1% | NEW | — |
| 122 |  $LYFT | Lyft, Inc. | $5.2M | 0.1% | NEW | 72.8 |
| 123 |  $NPAC | New Providence Acquisition Corp. III/Cayman | $5.2M | 0.1% | +0% | — |
| 124 |  $NCMI | National CineMedia, Inc. | $5.1M | 0.1% | +8% | 53.1 |
| 125 |  $YCY | AA Mission Acquisition Corp. II | $5.1M | 0.1% | +0% | — |
| 126 |  $RNGT | Range Capital Acquisition Corp II | $5.1M | 0.1% | +0% | — |
| 127 | — | D BORAL ACQUISITION I CORP - ORD SHS CL A | $5.0M | 0.1% | +0% | — |
| 128 |  $RIGPUT | Transocean Ltd. | $4.9M | — | +0% | — |
| 129 | $MARACALL | MARA Holdings, Inc. | $4.9M | — | -65% | 36.5 |
| 130 |  $CCO | Clear Channel Outdoor Holdings, Inc. | $4.8M | 0.1% | +0% | 42.7 |
| 131 |  $SAGU | Shreya Acquisition Group | $4.7M | 0.1% | NEW | — |
| 132 |  $CEPF | Cantor Equity Partners IV, Inc. | $4.7M | 0.1% | +0% | — |
| 133 |  $ARCL | ARC Group Acquisition I Corp. | $4.5M | 0.1% | NEW | — |
| 134 |  $DMII | Drugs Made In America Acquisition II Corp. | $4.5M | 0.1% | +0% | — |
| 135 |  $HACQ | HCM IV Acquisition Corp. | $4.5M | 0.1% | NEW | — |
| 136 | — | TGE VALUE CREATIVE SOLUTIONS - USD CL A ORD SHS | $4.5M | 0.1% | +0% | — |
| 137 |  $ACAA | Averin Capital Acquisition Corp. | $4.5M | 0.1% | NEW | — |
| 138 |  $ILLU | Illumination Acquisition Corp. I | $4.5M | 0.1% | NEW | — |
| 139 | — | RRE VENTURES ACQUISITION COR - CL A ORD SHS | $4.4M | 0.1% | NEW | — |
| 140 | $MSTR | Strategy Inc | $4.4M | 0.1% | -94% | 17.9 |
| 141 |  $CHAR | Charlton Aria Acquisition Corp | $4.3M | 0.1% | +0% | — |
| 142 | — | FOREFRONT TECHNOLOGY HOLDING - UNIT 04/30/2031 | $4.3M | 0.1% | NEW | — |
| 143 |  $ALDF | Aldel Financial II Inc. | $4.3M | 0.1% | +0% | — |
| 144 |  $BEAG | Bold Eagle Acquisition Corp. | $4.3M | 0.1% | +0% | — |
| 145 |  $HTZ | HERTZ GLOBAL HOLDINGS, INC | $4.3M | 0.1% | +0% | 48.6 |
| 146 |  $ELBM | Electra Battery Materials Corp | $4.2M | 0.1% | -16% | — |
| 147 | — | STELLAR V CAP CORP - SHS CL A | $4.2M | 0.1% | +0% | — |
| 148 |  $DRDB | Roman DBDR Acquisition Corp. II | $4.2M | 0.1% | +0% | — |
| 149 |  $RAC | Rithm Acquisition Corp. | $4.2M | 0.1% | +0% | — |
| 150 |  $CCAQ | COLLECTIVE ACQUISITION CORP. | $4.2M | 0.1% | +0% | — |
New Positions (179)
$SMCI Super Micro Computer, Inc.$213.2M$TECH BIO-TECHNE Corp$148.4M$UBER Uber Technologies, Inc$144.3M$MUPUT MICRON TECHNOLOGY INC$92.3M$AZUL AZUL SA$75.2M$SMCI Super Micro Computer, Inc.$72.7M$APGE Apogee Therapeutics, Inc.$59.7M$RBRK Rubrik, Inc.$53.5M$SITM SITIME Corp$47.0M$SMCI Super Micro Computer, Inc.$46.2M$ARRY Array Technologies, Inc.$41.1M$CRWVPUT CoreWeave, Inc.$39.8MExited Positions (72)
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