Whitebox Advisors LLC Top Holdings and 13F Report (2025) About Whitebox Advisors LLCInvestment ActivityWhitebox Advisors LLC has $8.12 billion in total holdings as of June 30, 2025.Whitebox Advisors LLC owns shares of 563 different stocks, but just 39 companies or ETFs make up 80% of its holdings.Approximately 21.46% of the portfolio was purchased this quarter.About 16.94% of the portfolio was sold this quarter.This quarter, Whitebox Advisors LLC has purchased 486 new stocks and bought additional shares in 38 stocks.Whitebox Advisors LLC sold shares of 44 stocks and completely divested from 96 stocks this quarter.Largest Holdings WESTERN DIGITAL CORP $1,463,136,080LUMENTUM HLDGS INC $716,145,075ECHOSTAR CORP $365,058,211SPDR S&P 500 ETF Trust $325,170,000LUMENTUM HLDGS INC $226,897,228 Largest New Holdings this Quarter 464287655 - iShares Russell 2000 ETF $186,000,000 Holding70975L107 - Penumbra $146,124,978 Holding947890109 - Webster Financial $133,633,569 Holding880881107 - Terns Pharmaceuticals $79,080,053 HoldingG9460G101 - Valaris $57,249,183 Holding Largest Purchases this Quarter iShares Russell 2000 ETF 750,000 shares (about $186M)ECHOSTAR CORP 47,260,000 shares (about $168.82M)Penumbra 445,001 shares (about $146.12M)Webster Financial 1,925,001 shares (about $133.63M)Terns Pharmaceuticals 1,500,001 shares (about $79.08M) Largest Sales this Quarter ISHARES BITCOIN TRUST ETF 1,500,000 shares (about $57.63M)NVIDIA 200,000 shares (about $34.88M)LUMENTUM HLDGS INC 3,682,500 shares (about $26.03M)MARA HOLDINGS INC 22,000,000 shares (about $20.16M)WAYFAIR INC 10,650,000 shares (about $18.57M) Sector Allocation Over TimeMap of 500 Largest Holdings ofWhitebox Advisors LLC Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorWESTERN DIGITAL CORP$1,463,136,0800.0%204,400,00018.0%NOTE 3.000%11/1LUMENTUM HLDGS INC$716,145,0750.0%71,025,0008.8%NOTE 1.500%12/1ECHOSTAR CORP$365,058,211$168,817,446 â–²86.0%102,197,0864.5%NOTE 3.875%11/3SPYSPDR S&P 500 ETF Trust$325,170,000$32,517,000 â–²11.1%500,0004.0%FinanceLUMENTUM HLDGS INC$226,897,228$26,031,593 â–¼-10.3%32,097,5002.8%NOTE 0.500%12/1ALIBABA GROUP HLDG LTD$221,781,300$13,870,000 â–²6.7%159,900,0002.7%NOTE 0.500% 6/0SPHERE ENTERTAINMENT CO$216,797,944$7,105,154 â–¼-3.2%64,504,0002.7%NOTE 3.500%12/0IWMiShares Russell 2000 ETF$186,000,000$186,000,000 â–²New Holding750,0002.3%FinanceSNOWFLAKE INC$174,738,645$21,413,000 â–²14.0%142,807,0002.2%NOTE 10/0SNOWFLAKE INC$162,328,450$2,952,500 â–²1.9%137,450,0002.0%NOTE 10/0APPLIED DIGITAL CORP$161,241,6000.0%60,800,0002.0%NOTE 2.750% 6/0GTLSChart Industries$156,899,887$41,119,680 â–²35.5%758,8871.9%IndustrialsPENPenumbra$146,124,978$146,124,978 â–²New Holding445,0011.8%MedicalNVDANVIDIA$139,520,000$34,880,000 â–¼-20.0%800,0001.7%Computer and TechnologyTRIP COM GROUP LTD$136,311,270$14,383,192 â–²11.8%131,732,0001.7%NOTE 0.750% 6/1WBSWebster Financial$133,633,569$133,633,569 â–²New Holding1,925,0011.6%FinanceSTRATEGY INC$114,184,000$509,750 â–²0.4%112,000,0001.4%NOTE 2.250% 6/1COINBASE GLOBAL INC$111,602,484$28,178,571 â–²33.8%120,456,0001.4%NOTE 0.250% 4/0SUPER MICRO COMPUTER INC$104,742,000$56,925,000 â–²119.0%4,600,0001.3%COM NEWCENTRUS ENERGY CORP$92,476,8000.0%45,600,0001.1%NOTE 2.250%11/0TERNTerns Pharmaceuticals$79,080,053$79,080,053 â–²New Holding1,500,0011.0%MedicalWBDWarner Bros. Discovery$74,553,927$53,958,900 â–²262.0%2,715,0010.9%Consumer DiscretionaryLBRDKLiberty Broadband$74,330,372$50,300 â–²0.1%1,477,7410.9%Consumer DiscretionaryRIVIAN AUTOMOTIVE INC$73,969,875$11,971,250 â–²19.3%77,237,0000.9%NOTE 3.625%10/1STRATEGY INC$71,800,120$4,172,000 â–²6.2%86,050,0000.9%NOTE 12/0JETBLUE AIRWAYS CORP$69,620,902$12,217,400 â–¼-14.9%72,371,0000.9%NOTE 2.500% 9/0TSMTaiwan Semiconductor Manufacturing$67,590,0000.0%200,0000.8%Computer and TechnologyUPSTART HLDGS INC$63,251,540$4,970,460 â–¼-7.3%64,900,0000.8%NOTE 2.000%10/0MARA HOLDINGS INC$61,607,7000.0%69,850,0000.8%NOTE 3/0ISHARES BITCOIN TRUST ETF$57,630,000$57,630,000 â–¼-50.0%1,500,0000.7%SHS BEN INTVALValaris$57,249,183$57,249,183 â–²New Holding583,9370.7%EnergyTFPMTriple Flag Precious Metals$52,714,150$266,529 â–¼-0.5%1,518,9500.6%Basic MaterialsYNDXYandex$51,880,000$51,880,000 â–²New Holding500,0000.6%Computer and TechnologyENCORE CAP GROUP INC$51,258,215$8,488,125 â–¼-14.2%40,762,0000.6%NOTE 4.000% 3/1AAPLApple$50,758,000$50,758,000 â–²New Holding200,0000.6%Computer and TechnologyMASIMasimo$48,025,078$48,025,078 â–²New Holding270,0010.6%MedicalMARA HOLDINGS INC$47,658,000$20,163,000 â–¼-29.7%52,000,0000.6%NOTE 6/0GULFPORT ENERGY CORP$46,466,484$1,057,850 â–¼-2.2%219,6270.6%COMMON SHARESSTRATEGY INC$46,011,000$5,477,500 â–²13.5%42,000,0000.6%NOTE 0.625% 9/1STRATEGY INC$45,194,931$45,194,931 â–²New Holding51,782,0000.6%NOTE 3/0MARAMarathon Digital$43,812,672$12,240,000 â–²38.8%5,369,2000.5%FinanceUPSTART HLDGS INC$42,959,0540.0%60,730,0000.5%NOTE 1.000%11/1MARA HOLDINGS INC$42,301,406$6,775,000 â–²19.1%49,950,0000.5%NOTE 2.125% 9/0ORACLE CORP$40,509,000$40,509,000 â–²New Holding900,0000.5%6.5 DEP CUM SR DOMEROS CORP$36,353,3510.0%18,033,0000.4%NOTE 9.500% 6/1HERBALIFE LTD$34,965,293$3,577,500 â–¼-9.3%29,321,0000.4%NOTE 4.250% 6/1CUKCarnival$33,501,928$33,501,928 â–²New Holding1,300,0360.4%Consumer DiscretionaryWOLFSPEED INC$31,220,860$976,693 â–²3.2%21,545,0000.4%NOTE 2.500% 6/1WAYFAIR INC$31,208,650$18,568,275 â–¼-37.3%17,900,0000.4%NOTE 3.500%11/1TSLATesla$27,881,250$27,881,250 â–²New Holding75,0000.3%Auto/Tires/TrucksCLEANSPARK INC$27,575,505$15,889,500 â–¼-36.6%28,635,0000.3%NOTE 6/1HEI.AHeico$26,330,7330.0%124,7370.3%AerospaceSUNRUN INC$24,586,186$10,596,468 â–¼-30.1%20,650,0000.3%NOTE 4.000% 3/0LUMNLumen Technologies$24,464,000$5,699,000 â–¼-18.9%3,520,0000.3%UtilitiesCHRDChord Energy$22,674,298$2,132,700 â–¼-8.6%159,4760.3%EnergyIREN LIMITED$22,072,6940.0%9,764,0000.3%NOTE 3.250% 6/1LITELumentum$21,626,033$21,626,033 â–²New Holding30,7730.3%Computer and TechnologyAMC NETWORKS INC$21,030,7130.0%23,730,0000.3%NOTE 4.250% 2/1FLUENCE ENERGY INC$20,080,000$20,080,000 â–²New Holding20,000,0000.2%NOTE 2.250% 6/1SMSM Energy$18,779,745$18,779,745 â–²New Holding602,3010.2%EnergyPTC THERAPEUTICS INC$17,662,716$5,623,221 â–¼-24.1%13,274,0000.2%NOTE 1.500% 9/1BLCOBausch + Lomb$17,519,479$2,395,192 â–²15.8%1,101,8540.2%MedicalLBRDALiberty Broadband$17,480,3770.0%348,0760.2%Consumer DiscretionaryGRFSGrifols$16,583,740$4,440,433 â–¼-21.1%2,067,7980.2%MedicalGRANITE CONSTR INC$16,450,0000.0%10,000,0000.2%NOTE 3.250% 6/1NABORS INDS INC$15,359,500$11,649,729 â–¼-43.1%17,000,0000.2%NOTE 1.750% 6/1LIBERTY LIVE HOLDINGS INC$15,192,083$15,192,083 â–²New Holding161,4290.2%COM SHS SER CDAUCH CORP$13,597,804$5,636,465 â–¼-29.3%2,293,0530.2%COMSTRATEGY INC$12,085,862$479,750 â–¼-3.8%12,596,0000.1%NOTE 0.875% 3/1XEROX HOLDINGS CORP$10,369,5000.0%44,600,0000.1%NOTE 3.750% 3/1NIO INC$9,887,5000.0%10,000,0000.1%NOTE 4.625%10/1FOXFOX$9,305,669$18,222,858 â–¼-66.2%175,2480.1%Consumer DiscretionaryCYHCommunity Health Systems$9,195,979$2,723,510 â–²42.1%3,127,8840.1%MedicalHERTZ CORP$9,047,378$347,973 â–²4.0%9,255,9940.1%NOTE 8.000% 7/1IACIAC$8,701,841$3,635,484 â–²71.8%217,3830.1%Multi-Sector ConglomeratesCSTMConstellium$8,520,903$3,760,740 â–¼-30.6%346,6600.1%IndustrialsVENDOME ACQUISITION CORP I$8,316,0000.0%825,0000.1%COM CL AMEDICAL PROPERTIES TRUST INC$8,292,330$69,450 â–²0.8%1,791,0000.1%COMTITAN ACQUISITION CORP$8,232,0000.0%800,0000.1%CL AGIGCAPITAL8 CORP$7,976,0000.0%800,0000.1%ORD CL AIDEA ACQUISITION CORP$7,902,016$7,902,016 â–²New Holding797,3780.1%UNIT 01/06/2031JBLUJetBlue Airways$7,735,0000.0%1,750,0000.1%TransportationFIFTH ERA ACQUISITION CORP I$7,725,0000.0%750,0000.1%ORD SHS CL AHARVARD AVE ACQUISITION CORP$7,507,500$7,507,500 â–²New Holding750,0000.1%USD CL A ORD SHSUPSTART HLDGS INC$7,451,9200.0%7,604,0000.1%NOTE 0.250% 8/1SEMTECH CORP$7,374,5000.0%3,500,0000.1%NOTE 1.625%11/0UAAUnder Armour$7,013,941$677,126 â–¼-8.8%1,186,7920.1%Consumer DiscretionaryPONO CAP FOUR INC$6,986,000$6,986,000 â–²New Holding700,0000.1%UNIT 03/11/2031MGMMGM Resorts International$6,916,022$3,670,689 â–¼-34.7%186,8690.1%Consumer DiscretionaryX3 ACQUISITION CORP LTD$6,888,000$6,888,000 â–²New Holding700,0000.1%ORD SHS CL AHTZHertz Global$6,775,317$461,000 â–¼-6.4%1,469,7000.1%TransportationSIZZLE ACQUISITION CORP. II$6,682,0000.0%650,0000.1%USD CL A ORD SHSSOULPOWER ACQUISITION CORP$6,662,5000.0%650,0000.1%USD CL A ORD SHSRIGTransocean$6,630,000$331,500 â–¼-4.8%1,000,0000.1%EnergyD. BORAL ARC ACQ I CORP.$6,578,0000.0%650,0000.1%SHS CL AGROUPON INC$6,297,2130.0%6,300,0000.1%NOTE 6.250% 3/1SOLARIS ENERGY INFRAS INC$6,243,7500.0%5,000,0000.1%NOTE 0.250%10/0WEN ACQUISITION CORP$6,108,0000.0%600,0000.1%COM CL AGIGCAPITAL7 CORP$5,857,5000.0%550,0000.1%ORD SHS CL AGTGoodyear Tire & Rubber$5,775,320$861,900 â–²17.5%871,0890.1%Auto/Tires/TrucksShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. 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