Whitebox Advisors LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Whitebox Advisors LLC disclosed 466 US equity positions worth $6.0bn in its Q4 2025 13F filing. The largest position was WDC at 15.6% of the reported book, followed by LITE and ALIBABA GROUP HLDG LTD. Against the Q3 2025 filing, it opened 15 new positions, added to 17 and reduced 9 among the top 50 holdings.
What did Whitebox Advisors LLC own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | WDC WESTERN DIGITAL CORP | 15.6% | $936.9m | 204,400,000 | 0% | held | |
| 2 | LITE LUMENTUM HLDGS INC | 6.3% | $377.3m | 71,025,000 | 7% | added | |
| 3 | ALIBABA GROUP HLDG LTD | 3.9% | $232.8m | 149,900,000 | 112% | added | |
| 4 | SNOW SNOWFLAKE INC | 3.3% | $200.5m | 134,950,000 | 3% | added | |
| 5 | SNOW SNOWFLAKE INC | 3.2% | $193.5m | 125,307,000 | 49% | added | |
| 6 | ECHOSTAR CORP | 3.1% | $183.5m | 54,937,086 | 30% | added | |
| 7 | SPHR SPHERE ENTERTAINMENT CO | 3.0% | $182.5m | 66,618,000 | 0% | held | |
| 8 | APLD APPLIED DIGITAL CORP | 2.7% | $163.9m | 60,800,000 | – | new | |
| 9 | TRIP COM GROUP LTD | 2.4% | $144.9m | 117,832,000 | 11% | added | |
| 10 | SUPER MICRO COMPUTER INC | 2.3% | $136.1m | 153,101,000 | -6% | reduced | |
| 11 | LITE LUMENTUM HLDGS INC | 2.2% | $132.7m | 35,780,000 | 39% | added | |
| 12 | BXSEUR CADENCE BANK | 2.1% | $128.5m | 3,000,001 | – | new | |
| 13 | STRATEGY INC | 2.1% | $123.3m | 111,500,000 | 0% | held | |
| 14 | CENTRUS ENERGY CORP | 2.0% | $122.2m | 45,600,000 | – | new | |
| 15 | CHART INDS INC | 1.9% | $115.5m | 560,001 | 76% | added | |
| 16 | CMA COMERICA INC | 1.8% | $108.7m | 1,250,001 | – | new | |
| 17 | COINBASE GLOBAL INC | 1.5% | $92.1m | 90,042,000 | -19% | reduced | |
| 18 | UPSTART HLDGS INC | 1.5% | $88.2m | 70,000,000 | – | new | |
| 19 | JBLU JETBLUE AIRWAYS CORP | 1.4% | $82.3m | 85,071,000 | -10% | reduced | |
| 20 | CYBERARK SOFTWARE LTD | 1.3% | $76.3m | 171,001 | 24% | added | |
| 21 | RIVIAN AUTOMOTIVE INC | 1.2% | $72.5m | 64,737,000 | 14% | added | |
| 22 | 8L8C LIBERTY BROADBAND CORP | 1.2% | $71.8m | 1,476,741 | 2% | added | |
| 23 | STRATEGY INC | 1.1% | $66.3m | 81,050,000 | – | new | |
| 24 | WAYFAIR INC | 1.1% | $65.3m | 28,550,000 | 0% | held | |
| 25 | MARA MARA HOLDINGS INC | 1.0% | $61.6m | 74,000,000 | – | new | |
| 26 | COIN COINBASE GLOBAL INC | 1.0% | $60.9m | 61,021,000 | 112% | added | |
| 27 | MARA MARA HOLDINGS INC | 0.9% | $55.0m | 69,850,000 | – | new | |
| 28 | OMEROS CORP | 0.9% | $54.0m | 18,033,000 | 11% | added | |
| 29 | UPSTART HLDGS INC | 0.9% | $52.9m | 60,730,000 | – | new | |
| 30 | ENCORE CAP GROUP INC | 0.9% | $52.2m | 47,512,000 | -5% | reduced | |
| 31 | TFPM TRIPLE FLAG PRECIOUS METAL | 0.8% | $50.7m | 1,526,630 | -15% | reduced | |
| 32 | GPOR GULFPORT ENERGY CORP | Energy | 0.8% | $46.7m | 224,627 | -18% | reduced |
| 33 | CLEANSPARK INC | 0.8% | $46.7m | 45,135,000 | – | new | |
| 34 | STRATEGY INC | 0.7% | $43.1m | 37,000,000 | 0% | held | |
| 35 | SUNRUN INC | 0.7% | $41.8m | 29,550,000 | -31% | reduced | |
| 36 | FRESHPET INC | 0.6% | $36.7m | 31,436,000 | 0% | held | |
| 37 | HERBALIFE LTD | 0.6% | $34.8m | 32,321,000 | 9% | added | |
| 38 | MARA MARA HOLDINGS INC | 0.6% | $33.7m | 41,950,000 | 17% | added | |
| 39 | FOX FOX CORP | Communication Services | 0.6% | $33.7m | 518,428 | 23% | added |
| 40 | 8QR CONFLUENT INC | 0.5% | $31.9m | 1,054,747 | – | new | |
| 41 | HEI/A HEICO CORP NEW | 0.5% | $31.5m | 124,737 | 2% | added | |
| 42 | EXK EXACT SCIENCES CORP | Basic Materials | 0.5% | $31.2m | 307,001 | – | new |
| 43 | WOLF WOLFSPEED INC | 0.5% | $30.9m | 20,871,000 | – | new | |
| 44 | CDTX CIDARA THERAPEUTICS INC | 0.5% | $27.6m | 125,001 | – | new | |
| 45 | PTC THERAPEUTICS INC | 0.4% | $25.9m | 17,500,000 | -8% | reduced | |
| 46 | GRFS GRIFOLS S A | Healthcare | 0.4% | $24.5m | 2,621,468 | 0% | held |
| 47 | AMC NETWORKS INC | 0.4% | $24.2m | 23,730,000 | 0% | held | |
| 48 | NABORS INDS INC | 0.4% | $24.1m | 29,894,000 | 0% | held | |
| 49 | WISDOMTREE INC | 0.4% | $24.0m | 20,000,000 | -16% | reduced | |
| 50 | IREN IREN LIMITED | 0.4% | $23.9m | 9,764,000 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.