Murchinson Ltd.
Sector Allocation
- Financials29.4%$60.9M
- Technology18.1%$37.4M
- Other16.6%$34.3M
- Industrials13.9%$28.9M
- Healthcare8.3%$17.3M
- Communication Services7.1%$14.7M
- Energy4.3%$8.8M
- Utilities1.2%$2.5M
- Materials0.8%$1.7M
- Real Estate0.3%$536,272
AUM History
13fpro.ai/research/fund/murchinson-ltd-1838556
Conviction and streaks
Diversifying · top 10 = 68.8%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
NNDM
$27.3MGTLS
$25.2M- ISHARES$20.2M
NWAX
$15.0MCM
$12.7MMCGA
$10.2MWBD
$8.8MPTHS
$8.6M- $7.9M
BHF
$6.6M- ADVISORSHARES$6.3M
ORMP
$6.2MMRVL
$6.0MAUB
$4.5M- TRULIEVE$3.5M
SKM
$3.2MTRP
$2.5MFTS
$2.0MOTAI
$2.0MBRUN
$2.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/murchinson-ltd-1838556
Murchinson Ltd. 13F holdings — Q2 2026
$724.8M portfolio (-8.4% QoQ) · 125 holdings · Q2 2026 13F · top 10 are 69% of the stock portfolio
Includes $517.8M of put/call options ($260.6M puts, $257.2M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $207.0M. Weights use the stock portfolio.
$27.3M
13.2% of stocks
+21%This quarter-14.1%Since filed8+ qtrsHeld$25.2M
12.2% of stocks
No changeThis quarter—Since filed2 qtrsHeld- 3
ISHARES INC - MSCI STH KOR ETF
$20.2M
9.8% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy— $15.0M
7.2% of stocks
NewThis quarter-1.3%Since filedNew this quarterHeld$12.7M
6.1% of stocks
NewThis quarter-6.6%Since filedNew this quarterHeld$10.2M
4.9% of stocks
No changeThis quarter+0.9%Since filed4 qtrsHeld$8.8M
4.3% of stocks
+10%This quarter—Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$8.6M
4.2% of stocks
+3%This quarter-44.7%Since filed4 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$7.9M
3.8% of stocks
No changeThis quarter-1.3%Since filed2 qtrsHeld$6.6M
3.2% of stocks
+2674%This quarter-23.6%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Murchinson Ltd. (Q2 2026)
125 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | Financials | $47.4M | — | 413K | +287% | — | — | 13F | |
| 12 | BANK OF MONTREAL /CAN/ | Financials | $41.5M | — | 235K | +56% | — | — | 13F | |
| 13 | BANK OF MONTREAL /CAN/ | Financials | $41.5M | — | 235K | +56% | — | — | 13F | |
| 14 | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | Financials | $34.8M | — | 303K | +184% | — | — | 13F | |
| 15 | TORONTO DOMINION BANK | Financials | $31.0M | — | 256K | +0.2% | — | — | 13F | |
| 16 | TORONTO DOMINION BANK | Financials | $31.0M | — | 256K | +0.2% | — | — | 13F | |
| 17 | ROYAL BANK OF CANADA | Financials | $27.6M | — | 133K | -60% | — | — | 13F | |
| 18 | ROYAL BANK OF CANADA | Financials | $27.6M | — | 133K | -60% | — | — | 13F | |
| 19 | SUNCOR ENERGY INC | Energy | $14.8M | — | 275K | +144% | — | — | 13F | |
| 20 | CANADIAN NATIONAL RAILWAY CO | Industrials | $13.7M | — | 115K | +360% | — | — | 13F | |
| 21 | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $11.9M | — | 137K | +137% | — | — | 13F | |
| 22 | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $11.9M | — | 137K | +137% | — | — | 13F | |
| 23 | — PUT | VANECK ETF TRUST - SEMICONDUCTR ETF | — | $9.8M | — | 15K | New | — | — | 13F |
| 24 | SUNCOR ENERGY INC | Energy | $9.1M | — | 170K | +51% | — | — | 13F | |
| 25 | — PUT | ISHARES TR - EXPANDED TECH | — | $9.1M | — | 100K | New | — | — | 13F |
| 26 | $CNI PUT | CANADIAN NATIONAL RAILWAY CO | Industrials | $8.9M | — | 75K | +200% | |||
| 27 | $TRP CALL | TC ENERGY CORP | Energy | $7.5M | — | 113K | -36% | |||
| 28 | $CNQ CALL | CANADIAN NATURAL RESOURCES Ltd | Energy | $7.1M | — | 179K | +70% | |||
| 29 | $TRP PUT | TC ENERGY CORP | Energy | $6.8M | — | 103K | -41% | |||
| 30 | $IMO CALL | IMPERIAL OIL LTD | Energy | $6.5M | — | 58K | +548% | |||
| 31 | — | ADVISORSHARES TR - PURE US CANN ETF | — | $6.3M | 3.1% | 1.25M | +25% | |||
| 32 | $BHF PUT | Brighthouse Financial, Inc. | Financials | $6.3M | — | 100K | New | |||
| 33 | $ORMP | ORAMED PHARMACEUTICALS INC. | Healthcare | $6.2M | 3.0% | 1.29M | -2% | |||
| 34 | — PUT | ISHARES TR - MSCI USA MMENTM | — | $6.0M | — | 18K | New | |||
| 35 | $MRVL | Marvell Technology, Inc. | Technology | $6.0M | 2.9% | 20K | New | |||
| 36 | $BAM CALL | Brookfield Asset Management Ltd. | Financials | $5.7M | — | 128K | New | |||
| 37 | $SLF PUT | SUN LIFE FINANCIAL INC | Financials | $5.1M | — | 65K | New | |||
| 38 | $SLF CALL | SUN LIFE FINANCIAL INC | Financials | $5.1M | — | 65K | New | |||
| 39 | $BAM PUT | Brookfield Asset Management Ltd. | Financials | $5.0M | — | 113K | New | |||
| 40 | $TTWO CALL | TAKE TWO INTERACTIVE SOFTWARE INC | Technology | $5.0M | — | 20K | New | |||
| 41 | $CNQ PUT | CANADIAN NATURAL RESOURCES Ltd | Energy | $4.9M | — | 124K | +18% | |||
| 42 | $BN CALL | BROOKFIELD Corp /ON/ | Real Estate | $4.8M | — | 113K | New | |||
| 43 | $AUB | Atlantic Union Bankshares Corp | Financials | $4.5M | 2.2% | 107K | — | |||
| 44 | $BN PUT | BROOKFIELD Corp /ON/ | Real Estate | $4.5M | — | 105K | New | |||
| 45 | $NTR CALL | Nutrien Ltd. | Materials | $4.3M | — | 68K | +5% | |||
| 46 | $NTR PUT | Nutrien Ltd. | Materials | $4.1M | — | 65K | -98% | |||
| 47 | — | TRULIEVE CANNABIS CORP - SUB VTG SHS | — | $3.5M | 1.7% | 355K | New | |||
| 48 | $PCG CALL | PG&E Corp | Utilities | $3.4M | — | 200K | +33% | |||
| 49 | $FTS CALL | Fortis Inc. | Utilities | $3.3M | — | 58K | +300% | |||
| 50 | $SKM | SK TELECOM CO LTD | Communication Services | $3.2M | 1.6% | 100K | New | |||
| 51 | $ENB CALL | ENBRIDGE INC | Energy | $2.9M | — | 53K | +18% | |||
| 52 | $TRP | TC ENERGY CORP | Energy | $2.5M | 1.2% | 38K | New | |||
| 53 | $ECHO CALL | EchoStar CORP | Communication Services | $2.5M | — | 25K | — | |||
| 54 | $FTS PUT | Fortis Inc. | Utilities | $2.5M | — | 44K | +200% | |||
| 55 | $WCN PUT | Waste Connections, Inc. | Utilities | $2.4M | — | 14K | New | |||
| 56 | $WCN CALL | Waste Connections, Inc. | Utilities | $2.4M | — | 14K | New | |||
| 57 | $B PUT | BARRICK MINING CORP | Materials | $2.3M | — | 63K | New | |||
| 58 | $B CALL | BARRICK MINING CORP | Materials | $2.3M | — | 63K | New | |||
| 59 | $WPM PUT | Wheaton Precious Metals Corp. | Materials | $2.2M | — | 20K | New | |||
| 60 | $WPM CALL | Wheaton Precious Metals Corp. | Materials | $2.2M | — | 20K | New | |||
| 61 | $BNS PUT | BANK OF NOVA SCOTIA | Financials | $2.2M | — | 25K | -83% | |||
| 62 | $BNS CALL | BANK OF NOVA SCOTIA | Financials | $2.2M | — | 25K | -83% | |||
| 63 | $RCI CALL | ROGERS COMMUNICATIONS INC | Communication Services | $2.1M | — | 65K | New | |||
| 64 | $TECK PUT | TECK RESOURCES LTD | Materials | $2.1M | — | 35K | New | |||
| 65 | $TECK CALL | TECK RESOURCES LTD | Materials | $2.1M | — | 35K | New | |||
| 66 | $ENB PUT | ENBRIDGE INC | Energy | $2.1M | — | 38K | -16% | |||
| 67 | $NKE CALL | NIKE, Inc. | Consumer Discretionary | $2.1M | — | 50K | New | |||
| 68 | $FTS | Fortis Inc. | Utilities | $2.0M | 1.0% | 35K | New | |||
| 69 | $OTAI | Starlink AI Acquisition Corp | Financials | $2.0M | 1.0% | 200K | New | |||
| 70 | $BRUN | Boost Run Inc. | Technology | $2.0M | 1.0% | 52K | New | |||
| 71 | — | SPDR SERIES TRUST - ST STR BLO 1 ETF | — | $2.0M | 1.0% | 22K | — | |||
| 72 | — | ISHARES TR - 0-3 MTH TREASURY | — | $2.0M | 1.0% | 20K | — | |||
| 73 | $IMO | IMPERIAL OIL LTD | Energy | $2.0M | 0.9% | 18K | New | |||
| 74 | $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $1.9M | 0.9% | 22K | New | |||
| 75 | $NTR | Nutrien Ltd. | Materials | $1.7M | 0.8% | 28K | -96% | |||
| 76 | $TDAY | USA TODAY Co., Inc. | Communication Services | $1.7M | 0.8% | 200K | -38% | |||
| 77 | $CNQ | CANADIAN NATURAL RESOURCES Ltd | Energy | $1.6M | 0.8% | 41K | New | |||
| 78 | $NUVB | Nuvation Bio Inc. | Healthcare | $1.6M | 0.8% | 1.50M | New | |||
| 79 | $MFC PUT | MANULIFE FINANCIAL CORP | Financials | $1.5M | — | 38K | New | |||
| 80 | $MFC CALL | MANULIFE FINANCIAL CORP | Financials | $1.5M | — | 38K | New | |||
| 81 | $CVE CALL | CENOVUS ENERGY INC. | Energy | $1.4M | — | 55K | New | |||
| 82 | $CVE PUT | CENOVUS ENERGY INC. | Energy | $1.4M | — | 55K | New | |||
| 83 | $PBA | PEMBINA PIPELINE CORP | Energy | $1.2M | 0.6% | 25K | New | |||
| 84 | $SHOP CALL | SHOPIFY INC. | Technology | $1.1M | — | 10K | New | |||
| 85 | $GRPN | Groupon, Inc. | Communication Services | $997K | 0.5% | 1.00M | New | |||
| 86 | $CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | $970K | 0.5% | 8,135 | -51% | |||
| 87 | $BIP CALL | Brookfield Infrastructure Partners L.P. | Industrials | $912K | — | 25K | New | |||
| 88 | $PPL CALL | PPL Corp | Utilities | $909K | — | 25K | New | |||
| 89 | $PPL PUT | PPL Corp | Utilities | $909K | — | 25K | New | |||
| 90 | $BAM | Brookfield Asset Management Ltd. | Financials | $849K | 0.4% | 19K | New | |||
| 91 | $ENB | ENBRIDGE INC | Energy | $821K | 0.4% | 15K | New | |||
| 92 | $AIFF | FIREFLY NEUROSCIENCE, INC. | Technology | $787K | 0.4% | 650K | New | |||
| 93 | $AEM CALL | AGNICO EAGLE MINES LTD | Materials | $776K | — | 5,000 | New | |||
| 94 | $AEM PUT | AGNICO EAGLE MINES LTD | Materials | $776K | — | 5,000 | New | |||
| 95 | $SU | SUNCOR ENERGY INC | Energy | $702K | 0.3% | 13K | New | |||
| 96 | $GOSS | Gossamer Bio, Inc. | Healthcare | $643K | 0.3% | 1.00M | New | |||
| 97 | $KEEL CALL | Keel Infrastructure Corp. | Financials | $574K | — | 100K | New | |||
| 98 | $IMO PUT | IMPERIAL OIL LTD | Energy | $560K | — | 5,000 | -44% | |||
| 99 | $VIVO CALL | VivoPower PLC | Utilities | $517K | — | 100K | New | |||
| 100 | $NWBI | Northwest Bancshares, Inc. | Financials | $455K | 0.2% | 30K | — | |||
| 101 | $CAE | CAE INC | Technology | $376K | 0.2% | 15K | New | |||
| 102 | $CAE PUT | CAE INC | Technology | $376K | — | 15K | New | |||
| 103 | $CAE CALL | CAE INC | Technology | $376K | — | 15K | New | |||
| 104 | $DAL | DELTA AIR LINES, INC. | Industrials | $375K | 0.2% | 4,000 | New | |||
| 105 | $EROC | ERock, Inc. | Technology | $363K | 0.2% | 25K | New | |||
| 106 | $LASE CALL | Laser Photonics Corp | Technology | $330K | — | 200K | New | |||
| 107 | $BN | BROOKFIELD Corp /ON/ | Real Estate | $325K | 0.2% | 7,638 | New | |||
| 108 | $IMXI | International Money Express, Inc. | Industrials | $314K | 0.1% | 22K | — | |||
| 109 | — | LIBERTY MEDIA CORP DEL - NOTE 3.750% 3/1 | — | $287K | 0.1% | 250K | — | |||
| 110 | $JHG | Janus Henderson Group Ltd. | Financials | $260K | 0.1% | 5,000 | — | |||
| 111 | $DBRG-PH | DigitalBridge Group, Inc. | Financials | $252K | 0.1% | 16K | — | |||
| 112 | $NWE | NorthWestern Energy Group, Inc. | Utilities | $251K | 0.1% | 3,500 | — | |||
| 113 | $STEL | Stellar Bancorp, Inc. | Financials | $248K | 0.1% | 6,300 | — | |||
| 114 | $CCO | Clear Channel Outdoor Holdings, Inc. | Technology | $244K | 0.1% | 101K | — | |||
| 115 | $EIX | EDISON INTERNATIONAL | Utilities | $223K | 0.1% | 3,000 | — | |||
| 116 | $TWOD | TWO HARBORS INVESTMENT CORP. | Real Estate | $211K | 0.1% | 17K | — | |||
| 117 | $QSR PUT | Restaurant Brands International Inc. | Consumer Discretionary | $210K | — | 2,900 | New | |||
| 118 | $QSR CALL | Restaurant Brands International Inc. | Consumer Discretionary | $210K | — | 2,900 | New | |||
| 119 | $EXYN | Exyn Technologies, Inc. | Technology | $172K | 0.1% | 129K | New | |||
| 120 | $GEN | Gen Digital Inc. | Technology | $141K | 0.1% | 112K | — | |||
| 121 | $XAIR | Beyond Air, Inc. | Healthcare | $122K | 0.1% | 274K | -17% | |||
| 122 | $LNSR | LENSAR, Inc. | Healthcare | $76K | 0.0% | 13K | -64% | |||
| 123 | $CVU | CPI AEROSTRUCTURES INC | Industrials | $74K | 0.0% | 14K | — | |||
| 124 | $VBIO | Valion Bio, Inc. | Healthcare | $60K | 0.0% | 115K | New | |||
| 125 | — | QUANTUM LEAP ACQUISITION COR - *W EXP 03/11/202 | — | $13K | 0.0% | 100K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 65 new, 25 added to, 15 trimmed, 36 sold out. Share-count changes; largest moves by dollar size first.
New positions (65)
- ISHARES INC - MSCI STH KOR ETF$20.2M
first bought this quarter
first bought this quarter
- PUTVANECK ETF TRUST - SEMICONDUCTR ETF$9.8M
first bought this quarter
- PUTISHARES TR - EXPANDED TECH$9.1M
first bought this quarter
first bought this quarter
- PUTISHARES TR - MSCI USA MMENTM$6.0M
first bought this quarter
+59 more in the Excel export
Added to (25)
now $47.4M
now $34.8M
$BMOPUTBANK OF MONTREAL /CAN/+56%
now $41.5M
now $41.5M
$CNICALLCANADIAN NATIONAL RAILWAY CO+360%
now $13.7M
$SUCALLSUNCOR ENERGY INC+144%
now $14.8M
+19 more in the Excel export
Holdings by quarter
Every 13F Murchinson Ltd. has filed, 20 earlier quarters. Pick one to see what it held then.
Is it too late to follow Murchinson Ltd.?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Murchinson Ltd.'s top 20 holdings: 54/100 (our AI quality score, weighted by position size; 11 of the 20 are scored)
Top 10 since filing
-10.5%
Value-weighted move of the 10 largest stock positions
Turnover
43%
Last quarter; 141% over the last 4
Top 10 weight
69%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
34%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Murchinson Ltd. disclosed 125 positions worth $724.8M in its Form 13F-HR for Q2 2026 — $207.0M in common stock plus $517.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $NNDM (Nano Dimension Ltd.) at 13.2% of the equity portfolio, followed by $GTLS. During the quarter the fund opened 65 new positions and exited 36 and a full exit from $SOBO. The portfolio is most concentrated in Financials (29.4% of disclosed assets). All figures are sourced directly from Murchinson Ltd.’s Form 13F-HR filing with the SEC under CIK 1838556.
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