Filed: 2/17/2026ACC: 0001257391-26-000002
📋 What this filing means
WHITEBOX ADVISORS LLC filed this quarterly 13F‑HR report disclosing 486 equity positions with a total reported market value of $7.05B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
486
Positions
$7.05B
Total AUM (reported)
2.70B
Total Shares
Allocation by class
NOTE 3.000%11/1$936.93M13.3%
COM$871.07M12.4%
NOTE 10/0$393.94M5.6%
NOTE 1.500%12/1$377.28M5.4%
TR UNIT$306.86M4.4%
NOTE 0.500% 6/0$293.66M4.2%
NOTE 3.875%11/3$183.49M2.6%
Portfolio Concentration
Top 3$1.62B23.0%
4–10$1.34B19.1%
11–25$1.59B22.5%
Rest$2.50B35.4%
Top 3 weight
23.0%
Top 10 weight
42.1%
Voting Authority Distribution
Total shares with voting rights: 2.68B
Sole
Full voting authority
2.68B
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)
Sole486
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings486
Rows:
WESTERN DIGITAL CORP
SOLEShares204.40M
TypePRN
Market value$936.93M
13.29%
Sole
204.40M
Shared
0.00
None
0.00
LUMENTUM HLDGS INC
SOLEShares71.03M
TypePRN
Market value$377.28M
5.35%
Sole
71.03M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares450K
TypeSH
Market value$306.86M
4.35%
Sole
450K
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
SOLEShares149.90M
TypePRN
Market value$232.79M
3.30%
Sole
149.90M
Shared
0.00
None
0.00
SNOWFLAKE INC
SOLEShares134.95M
TypePRN
Market value$200.47M
2.84%
Sole
134.95M
Shared
0.00
None
0.00
SNOWFLAKE INC
SOLEShares125.31M
TypePRN
Market value$193.47M
2.75%
Sole
125.31M
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares1M
TypeSH
Market value$186.50M
2.65%
Sole
1M
Shared
0.00
None
0.00
ECHOSTAR CORP
SOLEShares54.94M
TypePRN
Market value$183.49M
2.60%
Sole
54.94M
Shared
0.00
None
0.00
SPHERE ENTERTAINMENT CO
SOLEShares66.62M
TypePRN
Market value$182.45M
2.59%
Sole
66.62M
Shared
0.00
None
0.00
APPLIED DIGITAL CORP
SOLEShares60.80M
TypePRN
Market value$163.93M
2.33%
Sole
60.80M
Shared
0.00
None
0.00
ISHARES BITCOIN TRUST ETF
SOLEShares3M
TypeSH
Market value$148.95M
2.11%
Sole
3M
Shared
0.00
None
0.00
TRIP COM GROUP LTD
SOLEShares117.83M
TypePRN
Market value$144.87M
2.06%
Sole
117.83M
Shared
0.00
None
0.00
LUMENTUM HLDGS INC
SOLEShares35.78M
TypePRN
Market value$132.72M
1.88%
Sole
35.78M
Shared
0.00
None
0.00
CADENCE BANK
SOLEShares3M
TypeSH
Market value$128.52M
1.82%
Sole
3M
Shared
0.00
None
0.00
STRATEGY INC
SOLEShares111.50M
TypePRN
Market value$123.26M
1.75%
Sole
111.50M
Shared
0.00
None
0.00
CENTRUS ENERGY CORP
SOLEShares45.60M
TypePRN
Market value$122.23M
1.73%
Sole
45.60M
Shared
0.00
None
0.00
CHART INDS INC
SOLEShares560K
TypeSH
Market value$115.49M
1.64%
Sole
560K
Shared
0.00
None
0.00
COMERICA INC
SOLEShares1.25M
TypeSH
Market value$108.66M
1.54%
Sole
1.25M
Shared
0.00
None
0.00
COINBASE GLOBAL INC
SOLEShares90.04M
TypePRN
Market value$92.11M
1.31%
Sole
90.04M
Shared
0.00
None
0.00
UPSTART HLDGS INC
SOLEShares70M
TypePRN
Market value$88.20M
1.25%
Sole
70M
Shared
0.00
None
0.00
JETBLUE AIRWAYS CORP
SOLEShares85.07M
TypePRN
Market value$82.31M
1.17%
Sole
85.07M
Shared
0.00
None
0.00
WOLFSPEED INC
SOLEShares4.60M
TypeSH
Market value$80.09M
1.14%
Sole
4M
Shared
0.00
None
0.00
CYBERARK SOFTWARE LTD
SOLEShares171K
TypeSH
Market value$76.28M
1.08%
Sole
171K
Shared
0.00
None
0.00
RIVIAN AUTOMOTIVE INC
SOLEShares64.74M
TypePRN
Market value$72.51M
1.03%
Sole
64.74M
Shared
0.00
None
0.00
LIBERTY BROADBAND CORP
SOLEShares1.48M
TypeSH
Market value$71.77M
1.02%
Sole
1.48M
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 | $936.93M 13.29% | 204.40M | 0.00 | 0.00 |
LUMENTUM HLDGS INCSOLE | NOTE 1.500%12/1 | 71.03M | PRN | $377.28M 5.35% | 71.03M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 450K | SH | $306.86M 4.35% | 450K | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDSOLE | NOTE 0.500% 6/0 | 149.90M | PRN | $232.79M 3.30% | 149.90M | 0.00 | 0.00 |
SNOWFLAKE INCSOLE | NOTE 10/0 | 134.95M | PRN | $200.47M 2.84% | 134.95M | 0.00 | 0.00 |
SNOWFLAKE INCSOLE | NOTE 10/0 | 125.31M | PRN | $193.47M 2.75% | 125.31M | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 1M | SH | $186.50M 2.65% | 1M | 0.00 | 0.00 |
ECHOSTAR CORPSOLE | NOTE 3.875%11/3 | 54.94M | PRN | $183.49M 2.60% | 54.94M | 0.00 | 0.00 |
SPHERE ENTERTAINMENT COSOLE | NOTE 3.500%12/0 | 66.62M | PRN | $182.45M 2.59% | 66.62M | 0.00 | 0.00 |
APPLIED DIGITAL CORPSOLE | NOTE 2.750% 6/0 | 60.80M | PRN | $163.93M 2.33% | 60.80M | 0.00 | 0.00 |
ISHARES BITCOIN TRUST ETFSOLE | SHS BEN INT | 3M | SH | $148.95M 2.11% | 3M | 0.00 | 0.00 |
TRIP COM GROUP LTDSOLE | NOTE 0.750% 6/1 | 117.83M | PRN | $144.87M 2.06% | 117.83M | 0.00 | 0.00 |
LUMENTUM HLDGS INCSOLE | NOTE 0.500%12/1 | 35.78M | PRN | $132.72M 1.88% | 35.78M | 0.00 | 0.00 |
CADENCE BANKSOLE | COM | 3M | SH | $128.52M 1.82% | 3M | 0.00 | 0.00 |
STRATEGY INCSOLE | NOTE 2.250% 6/1 | 111.50M | PRN | $123.26M 1.75% | 111.50M | 0.00 | 0.00 |
CENTRUS ENERGY CORPSOLE | NOTE 2.250%11/0 | 45.60M | PRN | $122.23M 1.73% | 45.60M | 0.00 | 0.00 |
CHART INDS INCSOLE | COM | 560K | SH | $115.49M 1.64% | 560K | 0.00 | 0.00 |
COMERICA INCSOLE | COM | 1.25M | SH | $108.66M 1.54% | 1.25M | 0.00 | 0.00 |
COINBASE GLOBAL INCSOLE | NOTE 0.250% 4/0 | 90.04M | PRN | $92.11M 1.31% | 90.04M | 0.00 | 0.00 |
UPSTART HLDGS INCSOLE | NOTE 2.000%10/0 | 70M | PRN | $88.20M 1.25% | 70M | 0.00 | 0.00 |
JETBLUE AIRWAYS CORPSOLE | NOTE 2.500% 9/0 | 85.07M | PRN | $82.31M 1.17% | 85.07M | 0.00 | 0.00 |
WOLFSPEED INCSOLE | COMMON STOCK | 4.60M | SH | $80.09M 1.14% | 4M | 0.00 | 0.00 |
CYBERARK SOFTWARE LTDSOLE | SHS | 171K | SH | $76.28M 1.08% | 171K | 0.00 | 0.00 |
RIVIAN AUTOMOTIVE INCSOLE | NOTE 3.625%10/1 | 64.74M | PRN | $72.51M 1.03% | 64.74M | 0.00 | 0.00 |
LIBERTY BROADBAND CORPSOLE | COM SER C | 1.48M | SH | $71.77M 1.02% | 1.48M | 0.00 | 0.00 |
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