WESTCHESTER CAPITAL MANAGEMENT, LLC

Filed: 2/14/2025ACC: 0001591068-25-000010

📋 What this filing means

WESTCHESTER CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 161 equity positions with a total reported market value of $1.84B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

161

Positions

$1.84B

Total AUM (reported)

118.36M

Total Shares

Allocation by class

COM$858.56M46.7%

COM CL A$198.64M10.8%

CL A COM$161.72M8.8%

CL A$157.46M8.6%

TR UNIT$76.19M4.1%

SHS CL A$58.23M3.2%

ORD SHS CL A$55.65M3.0%

Portfolio Concentration

Top 3$506.74M27.5%

4–10$508.15M27.6%

11–25$420.06M22.8%

Rest$404.66M22.0%

Top 3 weight

27.5%

Top 10 weight

55.2%

Voting Authority Distribution

Total shares with voting rights: 118.36M

Sole

Full voting authority

12.16M

% of voting shares10.3%

Shared

Joint voting authority

106.20M

% of voting shares89.7%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole0

Shared0

Other161

Dominant voting typeShared · 89.7% of voting shares

Institutional Holdings161

Rows:

HESS CORP

OTR

COM

Shares1.62M

TypeSH

Market value$215.40M

11.71%

Sole

144.06K

Shared

1.48M

None

0.00

ENDEAVOR GROUP HLDGS INC

OTR

CL A COM

Shares5.17M

TypeSH

Market value$161.72M

8.79%

Sole

514.51K

Shared

4.65M

None

0.00

KELLANOVA

OTR

COM

Shares1.60M

TypeSH

Market value$129.62M

7.05%

Sole

137.11K

Shared

1.46M

None

0.00

HASHICORP INC

OTR

COM CL A

Shares3.22M

TypeSH

Market value$110.08M

5.98%

Sole

291.26K

Shared

2.93M

None

0.00

CHAMPIONX CORPORATION

OTR

COM

Shares3.24M

TypeSH

Market value$88.18M

4.79%

Sole

299.04K

Shared

2.94M

None

0.00

SPDR S&P 500 ETF TR

OTR

TR UNIT

Shares130K

TypeSH

Market value$76.19M

4.14%

Sole

6.70K

Shared

123.30K

None

0.00

UNITED STATES STL CORP NEW

OTR

COM

Shares2.12M

TypeSH

Market value$72.21M

3.93%

Sole

166.83K

Shared

1.96M

None

0.00

HEARTLAND FINL USA INC

OTR

COM

Shares1.01M

TypeSH

Market value$61.73M

3.36%

Sole

90.47K

Shared

916.42K

None

0.00

SMARTSHEET INC

OTR

COM CL A

Shares922.63K

TypeSH

Market value$51.69M

2.81%

Sole

85.59K

Shared

837.03K

None

0.00

JUNIPER NETWORKS INC

OTR

COM

Shares1.28M

TypeSH

Market value$48.07M

2.61%

Sole

106.93K

Shared

1.18M

None

0.00

BERRY GLOBAL GROUP INC

OTR

COM

Shares696.69K

TypeSH

Market value$45.06M

2.45%

Sole

71.61K

Shared

625.09K

None

0.00

SUMMIT MATLS INC

OTR

CL A

Shares815.48K

TypeSH

Market value$41.26M

2.24%

Sole

85.97K

Shared

729.50K

None

0.00

ARES ACQUISITION CORP II

OTR

SHS CLASS A

Shares3.10M

TypeSH

Market value$34.02M

1.85%

Sole

132.79K

Shared

2.97M

None

0.00

FRONTIER COMMUNICATIONS PARE

OTR

COM

Shares870.82K

TypeSH

Market value$30.22M

1.64%

Sole

92.51K

Shared

778.31K

None

0.00

PACTIV EVERGREEN INC

OTR

COM

Shares1.73M

TypeSH

Market value$30.15M

1.64%

Sole

226.43K

Shared

1.50M

None

0.00

ARCH RESOURCES INC

OTR

CL A

Shares200.14K

TypeSH

Market value$28.26M

1.54%

Sole

18.69K

Shared

181.44K

None

0.00

COMCAST CORP NEW

OTR

CL A

Shares723.20K

TypeSH

Market value$27.14M

1.48%

Sole

67.60K

Shared

655.60K

None

0.00

AGRICULTURE & NAT SOL ACQ CO

OTR

SHS CL A

Shares2.46M

TypeSH

Market value$25.86M

1.41%

Sole

109.41K

Shared

2.36M

None

0.00

DISCOVER FINL SVCS

OTR

COM

Shares146.70K

TypeSH

Market value$25.41M

1.38%

Sole

16.77K

Shared

129.93K

None

0.00

EVERI HLDGS INC

OTR

COM

Shares1.79M

TypeSH

Market value$24.17M

1.31%

Sole

209.83K

Shared

1.58M

None

0.00

ARCADIUM LITHIUM PLC

OTR

COM SHS

Shares4.49M

TypeSH

Market value$23.06M

1.25%

Sole

465.20K

Shared

4.03M

None

0.00

ALTAIR ENGR INC

OTR

COM CL A

Shares210.02K

TypeSH

Market value$22.92M

1.25%

Sole

25.27K

Shared

184.75K

None

0.00

AA MISSION ACQUISITION CORP

OTR

ORD SHS CL A

Shares2.19M

TypeSH

Market value$22.12M

1.20%

Sole

0.00

Shared

2.19M

None

0.00

TECHTARGET INC

OTR

NOTE 12/1

Shares20.96M

TypePRN

Market value$20.83M

1.13%

Sole

3.18M

Shared

17.78M

None

0.00

INFINERA CORP

OTR

NOTE 3.750% 8/0

Shares16.67M

TypePRN

Market value$19.58M

1.06%

Sole

2.39M

Shared

14.28M

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared
HESS CORPOTR	COM	1.62M	SH	$215.40M 11.71%	144.06K	1.48M
ENDEAVOR GROUP HLDGS INCOTR	CL A COM	5.17M	SH	$161.72M 8.79%	514.51K	4.65M
KELLANOVAOTR	COM	1.60M	SH	$129.62M 7.05%	137.11K	1.46M
HASHICORP INCOTR	COM CL A	3.22M	SH	$110.08M 5.98%	291.26K	2.93M
CHAMPIONX CORPORATIONOTR	COM	3.24M	SH	$88.18M 4.79%	299.04K	2.94M
SPDR S&P 500 ETF TROTR	TR UNIT	130K	SH	$76.19M 4.14%	6.70K	123.30K
UNITED STATES STL CORP NEWOTR	COM	2.12M	SH	$72.21M 3.93%	166.83K	1.96M
HEARTLAND FINL USA INCOTR	COM	1.01M	SH	$61.73M 3.36%	90.47K	916.42K
SMARTSHEET INCOTR	COM CL A	922.63K	SH	$51.69M 2.81%	85.59K	837.03K
JUNIPER NETWORKS INCOTR	COM	1.28M	SH	$48.07M 2.61%	106.93K	1.18M
BERRY GLOBAL GROUP INCOTR	COM	696.69K	SH	$45.06M 2.45%	71.61K	625.09K
SUMMIT MATLS INCOTR	CL A	815.48K	SH	$41.26M 2.24%	85.97K	729.50K
ARES ACQUISITION CORP IIOTR	SHS CLASS A	3.10M	SH	$34.02M 1.85%	132.79K	2.97M
FRONTIER COMMUNICATIONS PAREOTR	COM	870.82K	SH	$30.22M 1.64%	92.51K	778.31K
PACTIV EVERGREEN INCOTR	COM	1.73M	SH	$30.15M 1.64%	226.43K	1.50M
ARCH RESOURCES INCOTR	CL A	200.14K	SH	$28.26M 1.54%	18.69K	181.44K
COMCAST CORP NEWOTR	CL A	723.20K	SH	$27.14M 1.48%	67.60K	655.60K
AGRICULTURE & NAT SOL ACQ COOTR	SHS CL A	2.46M	SH	$25.86M 1.41%	109.41K	2.36M
DISCOVER FINL SVCSOTR	COM	146.70K	SH	$25.41M 1.38%	16.77K	129.93K
EVERI HLDGS INCOTR	COM	1.79M	SH	$24.17M 1.31%	209.83K	1.58M
ARCADIUM LITHIUM PLCOTR	COM SHS	4.49M	SH	$23.06M 1.25%	465.20K	4.03M
ALTAIR ENGR INCOTR	COM CL A	210.02K	SH	$22.92M 1.25%	25.27K	184.75K
AA MISSION ACQUISITION CORPOTR	ORD SHS CL A	2.19M	SH	$22.12M 1.20%	0.00	2.19M
TECHTARGET INCOTR	NOTE 12/1	20.96M	PRN	$20.83M 1.13%	3.18M	17.78M
INFINERA CORPOTR	NOTE 3.750% 8/0	16.67M	PRN	$19.58M 1.06%	2.39M	14.28M

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