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WHITEBOX ADVISORS LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1257391
Institutional-grade research for retail investors

Sector Allocation

  • Technology28.8%$1.8B
  • Financials21.6%$1.3B
  • Communication Services12.2%$755.1M
  • Other11.7%$722.0M
  • Consumer Discretionary8.3%$514.7M
  • Healthcare7.4%$459.4M
  • Industrials4.5%$275.6M
  • Energy2.2%$137.7M
  • Materials1.7%$107.3M
  • Real Estate0.8%$49.6M

AUM History

13fpro.ai/research/fund/whitebox-advisors-llc-1257391

Conviction and streaks

Diversifying · top 10 = 35.5%

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.

ECHO$ECHOConviction hold5.2% weight · held 7 quartersSPHR$SPHRConviction hold4.8% weight · held 7 quartersSNOW$SNOWConviction hold4.2% weight · held 4 quartersBABA$BABAConviction hold3.7% weight · held 5 quartersCOIN$COINConviction hold2.4% weight · held 6 quartersMERC$MERCAccumulating+467% shares · 5 quarters runningBABA$BABAAccumulating+678% shares · 4 quarters runningSNOW$SNOWAccumulating+73% shares · 3 quarters runningCZR$CZRAccumulating+10588% shares · 3 quarters runningBHC$BHCAccumulating+75% shares · 3 quarters runningECPG$ECPGTrimming-56% shares · 4 quarters runningRUN$RUNTrimming-69% shares · 4 quarters runningDCH$DCHTrimming-61% shares · 4 quarters runningCSTM$CSTMTrimming-89% shares · 4 quarters runningJBLU$JBLUTrimming-28% shares · 3 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/whitebox-advisors-llc-1257391

WHITEBOX ADVISORS LLC 13F holdings — Q2 2026

$7.7B portfolio (-5.8% QoQ) · 667 holdings · Q2 2026 13F · top 10 are 36% of the stock portfolio

Includes $1.5B of put/call options ($1.4B puts, $22.7M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $6.2B. Weights use the stock portfolio.

All holdings — WHITEBOX ADVISORS LLC (Q2 2026)

667 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
SPY$SPYPUTSPDR S&P 500 ETF TRUST$373.4M—
— PUTISHARES TR - RUSSELL 2000 ETF$150.2M-33%
TECH$TECHBIO-TECHNE Corp$148.4MNew
COIN$COINCoinbase Global, Inc.note$147.4M+37%
UBER$UBERUber Technologies, Incnote$144.3MNew
NVDA$NVDAPUTNVIDIA CORP$140.1M-13%
NBIS$NBISPUTNebius Group N.V.$138.1M—
SMCI$SMCIPUTSuper Micro Computer, Inc.$120.3M-11%
WBS$WBSWEBSTER FINANCIAL CORP$119.2M-19%
SNOW$SNOWSnowflake Inc.note$112.3M-51%
TCOM$TCOMTrip.com Group Ltdnote$110.5M-15%
— GDS HLDGS LTD - NOTE 2.250% 6/0note$108.0MNew
MSTR$MSTRStrategy Incnote$107.8M—
CZR$CZRCaesars Entertainment, Inc.$102.0M+2886%
TSM$TSMPUTTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$95.5M—

What changed in Q2 2026

Against the previous quarter's 13F: 179 new, 36 added to, 55 trimmed, 72 sold out. Share-count changes; largest moves by dollar size first.

New positions (179)

  • SMCI$SMCISuper Micro Computer, Inc.$213.2M

    first bought this quarter

  • CLOUDFLARE INC - NOTE 6/1$149.6M

    first bought this quarter

  • TECH$TECHBIO-TECHNE Corp$148.4M

    first bought this quarter

  • UBER$UBERUber Technologies, Inc$144.3M

    first bought this quarter

  • GDS HLDGS LTD - NOTE 2.250% 6/0$108.0M

    first bought this quarter

  • MU$MUPUTMICRON TECHNOLOGY INC$92.3M

    first bought this quarter

+173 more in the Excel export

Added to (36)

  • CZR$CZRCaesars Entertainment, Inc.+2886%

    now $102.0M · held 4 qtrs, 4 adds in a row

  • COIN$COINCoinbase Global, Inc.+37%

    now $147.4M · held 6+ qtrs

  • BABA$BABAAlibaba Group Holding Ltd+20%

    now $226.9M · held 5 qtrs, 5 adds in a row

  • PEN$PENPenumbra Inc+14%

    now $160.0M · held 2 qtrs, 2 adds in a row

  • VAL$VALValaris Ltd+46%

    now $61.8M · held 2 qtrs, 2 adds in a row

  • CLSK$CLSKCLEANSPARK, INC.+45%

    now $54.3M · held 3 qtrs

+30 more in the Excel export

Trimmed (55)

  • LITE$LITELumentum Holdings Inc.-77%

    now $62.8M · held 6+ qtrs, 2 trims in a row

  • GTLS$GTLSCHART INDUSTRIES INC-87%

    now $20.9M · held 4 qtrs

  • PUTISHARES TR - RUSSELL 2000 ETF-33%

    now $150.2M

  • APLD$APLDApplied Digital Corp.-17%

    now $201.9M · held 3 qtrs

  • ECPG$ECPGENCORE CAPITAL GROUP INC-46%

    now $33.7M · held 6+ qtrs, 3 trims in a row

  • WBS$WBSWEBSTER FINANCIAL CORP-19%

    now $119.2M · held 2 qtrs

+49 more in the Excel export

Sold out (72)

  • WDC$WDCWESTERN DIGITAL CORPwas $1.5B

    held 6+ qtrs

  • IBIT$IBITPUTiShares Bitcoin Trust ETFwas $57.6M
  • TERN$TERNTerns Pharmaceuticals, Inc.was $52.7M

    held 1 qtr

  • MASI$MASIMASIMO CORPwas $48.0M

    held 1 qtr

  • CUK$CUKCARNIVAL PLCwas $33.5M

    held 1 qtr

  • W$WWayfair Inc.was $31.2M

    held 8+ qtrs

+66 more in the Excel export

Firm AUM (Form ADV): $15.7B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F WHITEBOX ADVISORS LLC has filed, 41 earlier quarters. Pick one to see what it held then.

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Is it too late to follow WHITEBOX ADVISORS?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of WHITEBOX ADVISORS's top 20 holdings: 50/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)

Top 10 since filing

-5.8%

Value-weighted move of the 10 largest stock positions

Turnover

35%

Last quarter; 118% over the last 4

Top 10 weight

36%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

55%

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 Q1 2025 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

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 $ECHO (EchoStar CORP) at 5.2% of the equity portfolio, followed by $SPHR and $SNOW. 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.

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AI-Powered Hedge Fund Analysis: WHITEBOX ADVISORS LLC

13F Pro is an AI hedge fund tracker and stock research platform. For WHITEBOX ADVISORS LLC (SEC CIK: 1257391), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in WHITEBOX ADVISORS LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.