Filed: 11/14/2025ACC: 0001257391-25-000009
📋 What this filing means
WHITEBOX ADVISORS LLC filed this quarterly 13F‑HR report disclosing 422 equity positions with a total reported market value of $6.46B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
422
Positions
$6.46B
Total AUM (reported)
2.39B
Total Shares
Allocation by class
NOTE 3.000% 6/0$705.55M10.9%
COM$669.30M10.4%
NOTE 3.000%11/1$655.61M10.1%
TR UNIT$433.02M6.7%
NOTE 10/0$330.61M5.1%
NOTE 2.250% 6/1$198.64M3.1%
SPONSORED ADS$167.16M2.6%
Portfolio Concentration
Top 3$1.50B23.2%
4–10$1.29B20.0%
11–25$1.42B22.0%
Rest$2.25B34.8%
Top 3 weight
23.2%
Top 10 weight
43.2%
Voting Authority Distribution
Total shares with voting rights: 2.37B
Sole
Full voting authority
2.37B
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole422
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings422
Rows:
WESTERN DIGITAL CORP
SOLEShares204.40M
TypePRN
Market value$655.61M
10.14%
Sole
204.40M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares650K
TypeSH
Market value$433.02M
6.70%
Sole
650K
Shared
0.00
None
0.00
BLOOM ENERGY CORP
SOLEShares99.78M
TypePRN
Market value$413.51M
6.40%
Sole
99.78M
Shared
0.00
None
0.00
BLOOM ENERGY CORP
SOLEShares64.36M
TypePRN
Market value$292.04M
4.52%
Sole
64.36M
Shared
0.00
None
0.00
SNOWFLAKE INC
SOLEShares130.95M
TypePRN
Market value$198.78M
3.08%
Sole
130.95M
Shared
0.00
None
0.00
STRATEGY INC
SOLEShares111.50M
TypePRN
Market value$198.64M
3.07%
Sole
111.50M
Shared
0.00
None
0.00
VERONA PHARMA PLC
SOLEShares1.57M
TypeSH
Market value$167.16M
2.59%
Sole
1.57M
Shared
0.00
None
0.00
LUMENTUM HLDGS INC
SOLEShares66.44M
TypePRN
Market value$160.36M
2.48%
Sole
66.44M
Shared
0.00
None
0.00
COINBASE GLOBAL INC
SOLEShares111.77M
TypePRN
Market value$140.33M
2.17%
Sole
111.77M
Shared
0.00
None
0.00
TRIP COM GROUP LTD
SOLEShares106M
TypePRN
Market value$135.10M
2.09%
Sole
106M
Shared
0.00
None
0.00
SNOWFLAKE INC
SOLEShares84.21M
TypePRN
Market value$131.83M
2.04%
Sole
84.21M
Shared
0.00
None
0.00
ISHARES BITCOIN TRUST ETF
SOLEShares2M
TypeSH
Market value$130.00M
2.01%
Sole
2M
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
SOLEShares70.73M
TypePRN
Market value$129.93M
2.01%
Sole
70.73M
Shared
0.00
None
0.00
SPHERE ENTERTAINMENT CO
SOLEShares66.62M
TypePRN
Market value$125.91M
1.95%
Sole
66.62M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares500K
TypeSH
Market value$120.98M
1.87%
Sole
500K
Shared
0.00
None
0.00
ECHOSTAR CORP
SOLEShares42.20M
TypePRN
Market value$103.82M
1.61%
Sole
42.20M
Shared
0.00
None
0.00
APPLE INC
SOLEShares400K
TypeSH
Market value$101.85M
1.58%
Sole
400K
Shared
0.00
None
0.00
JETBLUE AIRWAYS CORP
SOLEShares94.30M
TypePRN
Market value$97.36M
1.51%
Sole
94.30M
Shared
0.00
None
0.00
LIBERTY BROADBAND CORP
SOLEShares1.45M
TypeSH
Market value$92.21M
1.43%
Sole
1.45M
Shared
0.00
None
0.00
STRATEGY INC
SOLEShares37M
TypePRN
Market value$69.84M
1.08%
Sole
37M
Shared
0.00
None
0.00
CYBERARK SOFTWARE LTD
SOLEShares138K
TypeSH
Market value$66.68M
1.03%
Sole
138K
Shared
0.00
None
0.00
MR COOPER GROUP INC
SOLEShares315.15K
TypeSH
Market value$66.43M
1.03%
Sole
315.15K
Shared
0.00
None
0.00
CHART INDS INC
SOLEShares317.61K
TypeSH
Market value$63.57M
0.98%
Sole
317.61K
Shared
0.00
None
0.00
WNS HLDGS LTD
SOLEShares779.59K
TypeSH
Market value$59.46M
0.92%
Sole
779.59K
Shared
0.00
None
0.00
WAYFAIR INC
SOLEShares28.55M
TypePRN
Market value$59.20M
0.92%
Sole
28.55M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
WESTERN DIGITAL CORPSOLE | NOTE 3.000%11/1 | 204.40M | PRN | $655.61M 10.14% | 204.40M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 650K | SH | $433.02M 6.70% | 650K | 0.00 | 0.00 |
BLOOM ENERGY CORPSOLE | NOTE 3.000% 6/0 | 99.78M | PRN | $413.51M 6.40% | 99.78M | 0.00 | 0.00 |
BLOOM ENERGY CORPSOLE | NOTE 3.000% 6/0 | 64.36M | PRN | $292.04M 4.52% | 64.36M | 0.00 | 0.00 |
SNOWFLAKE INCSOLE | NOTE 10/0 | 130.95M | PRN | $198.78M 3.08% | 130.95M | 0.00 | 0.00 |
STRATEGY INCSOLE | NOTE 2.250% 6/1 | 111.50M | PRN | $198.64M 3.07% | 111.50M | 0.00 | 0.00 |
VERONA PHARMA PLCSOLE | SPONSORED ADS | 1.57M | SH | $167.16M 2.59% | 1.57M | 0.00 | 0.00 |
LUMENTUM HLDGS INCSOLE | NOTE 1.500%12/1 | 66.44M | PRN | $160.36M 2.48% | 66.44M | 0.00 | 0.00 |
COINBASE GLOBAL INCSOLE | NOTE 0.250% 4/0 | 111.77M | PRN | $140.33M 2.17% | 111.77M | 0.00 | 0.00 |
TRIP COM GROUP LTDSOLE | NOTE 0.750% 6/1 | 106M | PRN | $135.10M 2.09% | 106M | 0.00 | 0.00 |
SNOWFLAKE INCSOLE | NOTE 10/0 | 84.21M | PRN | $131.83M 2.04% | 84.21M | 0.00 | 0.00 |
ISHARES BITCOIN TRUST ETFSOLE | SHS BEN INT | 2M | SH | $130.00M 2.01% | 2M | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDSOLE | NOTE 0.500% 6/0 | 70.73M | PRN | $129.93M 2.01% | 70.73M | 0.00 | 0.00 |
SPHERE ENTERTAINMENT COSOLE | NOTE 3.500%12/0 | 66.62M | PRN | $125.91M 1.95% | 66.62M | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 500K | SH | $120.98M 1.87% | 500K | 0.00 | 0.00 |
ECHOSTAR CORPSOLE | NOTE 3.875%11/3 | 42.20M | PRN | $103.82M 1.61% | 42.20M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 400K | SH | $101.85M 1.58% | 400K | 0.00 | 0.00 |
JETBLUE AIRWAYS CORPSOLE | NOTE 2.500% 9/0 | 94.30M | PRN | $97.36M 1.51% | 94.30M | 0.00 | 0.00 |
LIBERTY BROADBAND CORPSOLE | COM SER C | 1.45M | SH | $92.21M 1.43% | 1.45M | 0.00 | 0.00 |
STRATEGY INCSOLE | NOTE 0.625% 9/1 | 37M | PRN | $69.84M 1.08% | 37M | 0.00 | 0.00 |
CYBERARK SOFTWARE LTDSOLE | SHS | 138K | SH | $66.68M 1.03% | 138K | 0.00 | 0.00 |
MR COOPER GROUP INCSOLE | COM | 315.15K | SH | $66.43M 1.03% | 315.15K | 0.00 | 0.00 |
CHART INDS INCSOLE | COM | 317.61K | SH | $63.57M 0.98% | 317.61K | 0.00 | 0.00 |
WNS HLDGS LTDSOLE | COM SHS | 779.59K | SH | $59.46M 0.92% | 779.59K | 0.00 | 0.00 |
WAYFAIR INCSOLE | NOTE 3.500%11/1 | 28.55M | PRN | $59.20M 0.92% | 28.55M | 0.00 | 0.00 |
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