WHITEBOX ADVISORS LLC

Filed: 5/15/2023ACC: 0001257391-23-000004

📋 What this filing means

WHITEBOX ADVISORS LLC filed this quarterly 13F‑HR report disclosing 569 equity positions with a total reported market value of $2.92B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

569

Positions

$2.92B

Total AUM (reported)

1.59B

Total Shares

Allocation by class

COM$724.43M24.8%

NOTE 6.500% 7/0$130.26M4.5%

COM NEW$104.27M3.6%

CL A$98.10M3.4%

NOTE 1.375% 9/0$96.20M3.3%

NOTE 4.500% 4/1$96.08M3.3%

COM SER C$85.35M2.9%

Portfolio Concentration

Top 3$390.18M13.4%

4–10$570.14M19.6%

11–25$741.00M25.4%

Rest$1.21B41.7%

Top 3 weight

13.4%

Top 10 weight

32.9%

Voting Authority Distribution

Total shares with voting rights: 1.59B

Sole

Full voting authority

1.59B

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole569

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings569

Rows:

AMERICAN AIRLS GROUP INC

SOLE

COM

Shares11.10M

TypeSH

Market value$163.72M

5.61%

Sole

11.10M

Shared

0.00

None

0.00

AMERICAN AIRLINES GROUP INC

SOLE

NOTE 6.500% 7/0

Shares112.73M

TypePRN

Market value$130.26M

4.47%

Sole

112.73M

Shared

0.00

None

0.00

ZILLOW GROUP INC

SOLE

NOTE 1.375% 9/0

Shares81.39M

TypePRN

Market value$96.20M

3.30%

Sole

81.39M

Shared

0.00

None

0.00

COPA HOLDINGS SA

SOLE

NOTE 4.500% 4/1

Shares51.99M

TypePRN

Market value$96.08M

3.29%

Sole

51.99M

Shared

0.00

None

0.00

ROYAL CARIBBEAN GROUP

SOLE

COM

Shares1.40M

TypeSH

Market value$91.42M

3.13%

Sole

1.40M

Shared

0.00

None

0.00

LIBERTY BROADBAND CORP

SOLE

COM SER C

Shares1.04M

TypeSH

Market value$85.35M

2.93%

Sole

1.04M

Shared

0.00

None

0.00

ON SEMICONDUCTOR CORP

SOLE

NOTE 5/0

Shares50.50M

TypePRN

Market value$82.43M

2.83%

Sole

50.50M

Shared

0.00

None

0.00

WOLFSPEED INC

SOLE

NOTE 1.750% 5/0

Shares49.21M

TypePRN

Market value$73.30M

2.51%

Sole

49.21M

Shared

0.00

None

0.00

SUNNOVA ENERGY INTL INC.

SOLE

NOTE 0.250%12/0

Shares102.90M

TypePRN

Market value$72.90M

2.50%

Sole

102.90M

Shared

0.00

None

0.00

CATERPILLAR INC

SOLE

COM

Shares300K

TypeSH

Market value$68.65M

2.35%

Sole

300K

Shared

0.00

None

0.00

WIX COM LTD

SOLE

NOTE 7/0

Shares68.12M

TypePRN

Market value$67.03M

2.30%

Sole

68.12M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

NOTE 0.750%12/1

Shares72.90M

TypePRN

Market value$66.69M

2.29%

Sole

72.90M

Shared

0.00

None

0.00

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares150K

TypeSH

Market value$61.41M

2.11%

Sole

150K

Shared

0.00

None

0.00

GULFPORT ENERGY CORP

SOLE

COMMON SHARES

Shares709.09K

TypeSH

Market value$56.73M

1.95%

Sole

709.09K

Shared

0.00

None

0.00

TRIPLE FLAG PRECIOUS METAL

SOLE

COM

Shares3.59M

TypeSH

Market value$53.61M

1.84%

Sole

3.59M

Shared

0.00

None

0.00

VANECK ETF TRUST

SOLE

SEMICONDUCTR ETF

Shares200K

TypeSH

Market value$52.64M

1.81%

Sole

200K

Shared

0.00

None

0.00

BEYOND MEAT INC

SOLE

COM

Shares3.06M

TypeSH

Market value$49.66M

1.70%

Sole

3.06M

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares300K

TypeSH

Market value$49.47M

1.70%

Sole

300K

Shared

0.00

None

0.00

DISH NETWORK CORPORATION

SOLE

NOTE 12/1

Shares86.42M

TypePRN

Market value$45.63M

1.56%

Sole

86.42M

Shared

0.00

None

0.00

CARNIVAL CORP

SOLE

COMMON STOCK

Shares4.40M

TypeSH

Market value$44.66M

1.53%

Sole

4.40M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

NOTE 2/1

Shares80.80M

TypePRN

Market value$42.27M

1.45%

Sole

80.80M

Shared

0.00

None

0.00

DEERE & CO

SOLE

COM

Shares100K

TypeSH

Market value$41.29M

1.42%

Sole

100K

Shared

0.00

None

0.00

HONEYWELL INTL INC

SOLE

COM

Shares200K

TypeSH

Market value$38.22M

1.31%

Sole

200K

Shared

0.00

None

0.00

VALARIS LIMITED

SOLE

CL A

Shares556K

TypeSH

Market value$36.17M

1.24%

Sole

556K

Shared

0.00

None

0.00

NOVA LTD

SOLE

NOTE 10/1

Shares24.50M

TypePRN

Market value$35.51M

1.22%

Sole

24.50M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
AMERICAN AIRLS GROUP INCSOLE	COM	11.10M	SH	$163.72M 5.61%	11.10M
AMERICAN AIRLINES GROUP INCSOLE	NOTE 6.500% 7/0	112.73M	PRN	$130.26M 4.47%	112.73M
ZILLOW GROUP INCSOLE	NOTE 1.375% 9/0	81.39M	PRN	$96.20M 3.30%	81.39M
COPA HOLDINGS SASOLE	NOTE 4.500% 4/1	51.99M	PRN	$96.08M 3.29%	51.99M
ROYAL CARIBBEAN GROUPSOLE	COM	1.40M	SH	$91.42M 3.13%	1.40M
LIBERTY BROADBAND CORPSOLE	COM SER C	1.04M	SH	$85.35M 2.93%	1.04M
ON SEMICONDUCTOR CORPSOLE	NOTE 5/0	50.50M	PRN	$82.43M 2.83%	50.50M
WOLFSPEED INCSOLE	NOTE 1.750% 5/0	49.21M	PRN	$73.30M 2.51%	49.21M
SUNNOVA ENERGY INTL INC.SOLE	NOTE 0.250%12/0	102.90M	PRN	$72.90M 2.50%	102.90M
CATERPILLAR INCSOLE	COM	300K	SH	$68.65M 2.35%	300K
WIX COM LTDSOLE	NOTE 7/0	68.12M	PRN	$67.03M 2.30%	68.12M
MICROSTRATEGY INCSOLE	NOTE 0.750%12/1	72.90M	PRN	$66.69M 2.29%	72.90M
SPDR S&P 500 ETF TRSOLE	TR UNIT	150K	SH	$61.41M 2.11%	150K
GULFPORT ENERGY CORPSOLE	COMMON SHARES	709.09K	SH	$56.73M 1.95%	709.09K
TRIPLE FLAG PRECIOUS METALSOLE	COM	3.59M	SH	$53.61M 1.84%	3.59M
VANECK ETF TRUSTSOLE	SEMICONDUCTR ETF	200K	SH	$52.64M 1.81%	200K
BEYOND MEAT INCSOLE	COM	3.06M	SH	$49.66M 1.70%	3.06M
APPLE INCSOLE	COM	300K	SH	$49.47M 1.70%	300K
DISH NETWORK CORPORATIONSOLE	NOTE 12/1	86.42M	PRN	$45.63M 1.56%	86.42M
CARNIVAL CORPSOLE	COMMON STOCK	4.40M	SH	$44.66M 1.53%	4.40M
MICROSTRATEGY INCSOLE	NOTE 2/1	80.80M	PRN	$42.27M 1.45%	80.80M
DEERE & COSOLE	COM	100K	SH	$41.29M 1.42%	100K
HONEYWELL INTL INCSOLE	COM	200K	SH	$38.22M 1.31%	200K
VALARIS LIMITEDSOLE	CL A	556K	SH	$36.17M 1.24%	556K
NOVA LTDSOLE	NOTE 10/1	24.50M	PRN	$35.51M 1.22%	24.50M

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