WESTCHESTER CAPITAL MANAGEMENT, LLC

PrivateCIK: 1512805

Location

VALHALLA, NY

299

Positions

$2.21B

Total AUM (reported)

125.55M

Total Shares

Allocation by class

COM$904.96M41.0%

CL A$165.18M7.5%

SHS CL A$160.22M7.3%

COM SER A$152.07M6.9%

ORD SHS CL A$139.69M6.3%

USD CL A ORD SHS$100.08M4.5%

TR UNIT$97.55M4.4%

Portfolio Concentration

Top 3$435.54M19.7%

4–10$555.48M25.2%

11–25$342.62M15.5%

Rest$873.66M39.6%

Top 3 weight

19.7%

Top 10 weight

44.9%

Voting Authority Distribution

Total shares with voting rights: 125.55M

Sole

Full voting authority

11.14M

% of voting shares8.9%

Shared

Joint voting authority

114.40M

% of voting shares91.1%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole2

Shared0

Other297

Dominant voting typeShared · 91.1% of voting shares

Institutional Holdings299

Rows:

ELECTRONIC ARTS INC

OTR

COM

Shares725.29K

TypeSH

Market value$147.87M

6.70%

Sole

51.04K

Shared

674.26K

None

0.00

NORFOLK SOUTHN CORP

OTR

COM

Shares501.64K

TypeSH

Market value$143.97M

6.52%

Sole

52.69K

Shared

448.95K

None

0.00

WARNER BROS DISCOVERY INC

OTR

COM SER A

Shares5.23M

TypeSH

Market value$143.70M

6.51%

Sole

495.66K

Shared

4.74M

None

0.00

WEBSTER FINL CORP

OTR

COM

Shares1.83M

TypeSH

Market value$127.26M

5.77%

Sole

185.07K

Shared

1.65M

None

0.00

CHART INDS INC

OTR

COM

Shares496.06K

TypeSH

Market value$102.56M

4.65%

Sole

31K

Shared

465.06K

None

0.00

STATE STR SPDR S&P 500 ETF T

OTR

TR UNIT

Shares150K

TypeSH

Market value$97.55M

4.42%

Sole

7.70K

Shared

142.30K

None

0.00

UNIFIRST CORP MASS

OTR

COM

Shares258.47K

TypeSH

Market value$65.03M

2.95%

Sole

29.32K

Shared

229.15K

None

0.00

CLEARWATER ANALYTICS HLDGS I

OTR

CL A

Shares2.62M

TypeSH

Market value$61.96M

2.81%

Sole

288.62K

Shared

2.33M

None

0.00

COTERRA ENERGY INC

OTR

COM

Shares1.59M

TypeSH

Market value$55.81M

2.53%

Sole

169.60K

Shared

1.42M

None

0.00

DIGITALBRIDGE GROUP INC

OTR

CL A NEW

Shares2.94M

TypeSH

Market value$45.31M

2.05%

Sole

246.79K

Shared

2.69M

None

0.00

SEALED AIR CORP NEW

OTR

COM

Shares945.71K

TypeSH

Market value$39.77M

1.80%

Sole

81.17K

Shared

864.53K

None

0.00

PROASSURANCE CORP

OTR

COM

Shares1.46M

TypeSH

Market value$35.97M

1.63%

Sole

135.72K

Shared

1.32M

None

0.00

HOLOGIC INC

OTR

COM

Shares455.30K

TypeSH

Market value$34.42M

1.56%

Sole

52.32K

Shared

402.98K

None

0.00

PENUMBRA INC

OTR

COM

Shares76.63K

TypeSH

Market value$25.16M

1.14%

Sole

9.07K

Shared

67.56K

None

0.00

MASIMO CORP

OTR

COM

Shares138.43K

TypeSH

Market value$24.62M

1.12%

Sole

13.23K

Shared

125.20K

None

0.00

AGRICULTURE & NAT SOL ACQ CO

OTR

SHS CL A

Shares2.04M

TypeSH

Market value$23.06M

1.04%

Sole

87.21K

Shared

1.96M

None

0.00

HAYMAKER ACQUISITION CORP IV

OTR

CLASS A

Shares1.94M

TypeSH

Market value$22.22M

1.01%

Sole

81.19K

Shared

1.86M

None

0.00

AIR LEASE CORP

OTR

CL A

Shares334.42K

TypeSH

Market value$21.72M

0.98%

Sole

31.90K

Shared

302.52K

None

0.00

QORVO INC

OTR

COM

Shares263.89K

TypeSH

Market value$20.43M

0.93%

Sole

29.03K

Shared

234.87K

None

0.00

DRUGS MADE IN AMER ACQUTN CO

OTR

ORD SHS

Shares1.67M

TypeSH

Market value$17.52M

0.79%

Sole

25.07K

Shared

1.64M

None

0.00

ONESTREAM INC

OTR

CL A

Shares677.50K

TypeSH

Market value$16.26M

0.74%

Sole

80.50K

Shared

597K

None

0.00

SIZZLE ACQUISITION CORP. II

OTR

USD CL A ORD SHS

Shares1.56M

TypeSH

Market value$16.02M

0.73%

Sole

112.06K

Shared

1.45M

None

0.00

APTIV PLC

OTR

COM SHS

Shares223.80K

TypeSH

Market value$15.54M

0.70%

Sole

115.40K

Shared

108.40K

None

0.00

K&F GROWTH ACQUISITION CORP

OTR

SHS CL A

Shares1.48M

TypeSH

Market value$15.41M

0.70%

Sole

57.31K

Shared

1.42M

None

0.00

GLOBA TERRA ACQUISITION COR

OTR

CL A ORD SHS

Shares1.41M

TypeSH

Market value$14.50M

0.66%

Sole

125.29K

Shared

1.29M

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared
ELECTRONIC ARTS INCOTR	COM	725.29K	SH	$147.87M 6.70%	51.04K	674.26K
NORFOLK SOUTHN CORPOTR	COM	501.64K	SH	$143.97M 6.52%	52.69K	448.95K
WARNER BROS DISCOVERY INCOTR	COM SER A	5.23M	SH	$143.70M 6.51%	495.66K	4.74M
WEBSTER FINL CORPOTR	COM	1.83M	SH	$127.26M 5.77%	185.07K	1.65M
CHART INDS INCOTR	COM	496.06K	SH	$102.56M 4.65%	31K	465.06K
STATE STR SPDR S&P 500 ETF TOTR	TR UNIT	150K	SH	$97.55M 4.42%	7.70K	142.30K
UNIFIRST CORP MASSOTR	COM	258.47K	SH	$65.03M 2.95%	29.32K	229.15K
CLEARWATER ANALYTICS HLDGS IOTR	CL A	2.62M	SH	$61.96M 2.81%	288.62K	2.33M
COTERRA ENERGY INCOTR	COM	1.59M	SH	$55.81M 2.53%	169.60K	1.42M
DIGITALBRIDGE GROUP INCOTR	CL A NEW	2.94M	SH	$45.31M 2.05%	246.79K	2.69M
SEALED AIR CORP NEWOTR	COM	945.71K	SH	$39.77M 1.80%	81.17K	864.53K
PROASSURANCE CORPOTR	COM	1.46M	SH	$35.97M 1.63%	135.72K	1.32M
HOLOGIC INCOTR	COM	455.30K	SH	$34.42M 1.56%	52.32K	402.98K
PENUMBRA INCOTR	COM	76.63K	SH	$25.16M 1.14%	9.07K	67.56K
MASIMO CORPOTR	COM	138.43K	SH	$24.62M 1.12%	13.23K	125.20K
AGRICULTURE & NAT SOL ACQ COOTR	SHS CL A	2.04M	SH	$23.06M 1.04%	87.21K	1.96M
HAYMAKER ACQUISITION CORP IVOTR	CLASS A	1.94M	SH	$22.22M 1.01%	81.19K	1.86M
AIR LEASE CORPOTR	CL A	334.42K	SH	$21.72M 0.98%	31.90K	302.52K
QORVO INCOTR	COM	263.89K	SH	$20.43M 0.93%	29.03K	234.87K
DRUGS MADE IN AMER ACQUTN COOTR	ORD SHS	1.67M	SH	$17.52M 0.79%	25.07K	1.64M
ONESTREAM INCOTR	CL A	677.50K	SH	$16.26M 0.74%	80.50K	597K
SIZZLE ACQUISITION CORP. IIOTR	USD CL A ORD SHS	1.56M	SH	$16.02M 0.73%	112.06K	1.45M
APTIV PLCOTR	COM SHS	223.80K	SH	$15.54M 0.70%	115.40K	108.40K
K&F GROWTH ACQUISITION CORPOTR	SHS CL A	1.48M	SH	$15.41M 0.70%	57.31K	1.42M
GLOBA TERRA ACQUISITION COROTR	CL A ORD SHS	1.41M	SH	$14.50M 0.66%	125.29K	1.29M

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