Institutional Manager · CIK 0001257391
WHITEBOX ADVISORS LLC
MINNEAPOLIS, MN · File #028-10715
Latest AUM
$7.05B
Positions
492
Top-10 Concentration
51.7%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | BLOOM ENERGY CORP | 093712AM9 | -99,776,000 | -$413.5M | $0 |
| EXITED | BLOOM ENERGY CORP | 093712AK3 | -64,362,000 | -$292.0M | $0 |
| EXITED | VERONA PHARMA PLC | 925050106 | -1,566,501 | -$167.2M | $0 |
| NEW | APPLIED DIGITAL CORP | APLD | +60,800,000 | +$163.9M | $0 |
| ADD | NVIDIA CORPORATION | NVDA | +800,000 | +$149.2M | -$16,000 |
| REDUCE | SPDR S&P 500 ETF TR | SPY | -200,000 | -$136.4M | +$10.2M |
| NEW | CADENCE BANK | 12740C103 | +3,000,001 | +$128.5M | $0 |
| ADD | ALIBABA GROUP HLDG LTD | BBAAY | +79,172,000 | +$123.0M | -$20.1M |
| NEW | CENTRUS ENERGY CORP | LEU | +45,600,000 | +$122.2M | $0 |
| EXITED | ISHARES TR | 464287655 | -500,000 | -$121.0M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025492 pos · $7.05B
- 13F HOLDINGS REPORTQ/E Sep 2025427 pos · $6.46B
- 13F HOLDINGS REPORTQ/E Jun 2025382 pos · $4.71B
- 13F HOLDINGS REPORTQ/E Mar 2025312 pos · $3.87B
- 13F HOLDINGS REPORTQ/E Dec 2024270 pos · $3.47B
- 13F HOLDINGS REPORTQ/E Sep 2024321 pos · $3.67B
- 13F HOLDINGS REPORTQ/E Jun 2024349 pos · $3.50B
- 13F HOLDINGS REPORTQ/E Mar 2024340 pos · $4.03B
- 13F HOLDINGS REPORTQ/E Dec 2023385 pos · $3.16B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | WESTERN DIGITAL CORP | WDC | 204,400,000 | $936.9M | 16.35% |
| 2 | LUMENTUM HLDGS INC | LITE | 71,025,000 | $377.3M | 6.58% |
| 3 | SPDR S&P 500 ETF TR | SPY | 450,000 | $306.9M | 5.35% |
| 4 | ALIBABA GROUP HLDG LTD | BBAAY | 149,900,000 | $232.8M | 4.06% |
| 5 | SNOWFLAKE INC | SNOW | 134,950,000 | $200.5M | 3.50% |
| 6 | SNOWFLAKE INC | SNOW | 125,307,000 | $193.5M | 3.38% |
| 7 | NVIDIA CORPORATION | NVDA | 1,000,000 | $186.5M | 3.25% |
| 8 | ECHOSTAR CORP | SATS | 54,937,086 | $183.5M | 3.20% |
| 9 | SPHERE ENTERTAINMENT CO | SPHR | 66,618,000 | $182.5M | 3.18% |
| 10 | APPLIED DIGITAL CORP | APLD | 60,800,000 | $163.9M | 2.86% |
| 11 | ISHARES BITCOIN TRUST ETF | IBIT | 3,000,000 | $148.9M | 2.60% |
| 12 | TRIP COM GROUP LTD | TRPCF | 117,832,000 | $144.9M | 2.53% |
| 13 | LUMENTUM HLDGS INC | LITE | 35,780,000 | $132.7M | 2.32% |
| 14 | CADENCE BANK | 12740C103 | 3,000,001 | $128.5M | 2.24% |
| 15 | STRATEGY INC | STRK | 111,500,000 | $123.3M | 2.15% |
| 16 | CENTRUS ENERGY CORP | LEU | 45,600,000 | $122.2M | 2.13% |
| 17 | CHART INDS INC | 16115Q308 | 560,001 | $115.5M | 2.01% |
| 18 | COMERICA INC | 200340107 | 1,250,001 | $108.7M | 1.90% |
| 19 | COINBASE GLOBAL INC | COIN | 90,042,000 | $92.1M | 1.61% |
| 20 | UPSTART HLDGS INC | UPST | 70,000,000 | $88.2M | 1.54% |