1y return−3.4%S&P 500 +20.9%
3y return−12.4%S&P 500 +68.5%
5y return−0.7%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2019: $96 against $252 in the S&P 500.2
Whitebox Advisors LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| PENPenumbra Inc | $160.0M | 7.8% | +13.9% |
| TECHBio-techne Corp | $148.4M | 7.2% | New |
| Webster Finl CorpCUSIP 947890109 | $119.2M | 5.8% | −19.0% |
| CZRCaesars Entertainment Inc Ne | $102.0M | 5.0% | +2886.3% |
| AZULAzul S A | $75.2M | 3.7% | New |
| Super Micro Computer IncCUSIP 86800U500 | $72.7M | 3.6% | New |
| Valaris LtdCUSIP G9460G101 | $61.8M | 3.0% | +45.7% |
| Apogee Therapeutics IncCUSIP 03770N101 | $59.7M | 2.9% | New |
| GPORGulfport Energy Corp | $46.6M | 2.3% | +25.0% |
| TFPMTriple Flag Precious Metal | $45.5M | 2.2% | |
| Warner Bros Discovery IncCUSIP 934423104 | $40.7M | 2.0% | −5.6% |
| Oracle CorpCUSIP 68389X204 | $36.0M | 1.8% | −11.1% |
| HEI/AHeico Corp New | $34.1M | 1.7% | +5.9% |
| Nuvalent IncCUSIP 670703107 | $34.0M | 1.7% | New |
| OPIOffice Pptys Income Tr | $29.7M | 1.5% | New |
| LLYVKLiberty Live Holdings Inc | $23.0M | 1.1% | +35.0% |
| Chart Inds IncCUSIP 16115Q308 | $20.9M | 1.0% | −86.8% |
| Service Pptys TrCUSIP 81761L102 | $16.2M | 0.8% | +154.0% |
| CHRDChord Energy Corporation | $14.2M | 0.7% | −21.9% |
| SMSm Energy Company | $13.0M | 0.6% | −17.5% |
| CYHCommunity Health Sys Inc New | $12.5M | 0.6% | +19.3% |
| DCHDauch Corp | $11.7M | 0.6% | −5.9% |
| Liberty Broadband CorpCUSIP 530307107 | $11.6M | 0.6% | |
| BLCOBausch Plus Lomb Corp | $11.4M | 0.6% | −37.7% |
| GRFSGrifols S A | $11.4M | 0.6% | −22.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CHRDChord Energy Corporation | December 31, 2020 | +208.4% | $14.2M |
| Warner Bros Discovery IncCUSIP 934423104 | December 31, 2022 | +181.2% | $40.7M |
| GPORGulfport Energy Corp | June 30, 2021 | +162.3% | $46.6M |
| TFPMTriple Flag Precious Metal | September 30, 2022 | +136.9% | $45.5M |
| HEI/AHeico Corp New | March 31, 2022 | +103.4% | $34.1M |
| LLYVKLiberty Live Holdings Inc | March 31, 2026 | +12.3% | $23.0M |
| CZRCaesars Entertainment Inc Ne | September 30, 2025 | +11.7% | $102.0M |
| Webster Finl CorpCUSIP 947890109 | March 31, 2026 | +10.1% | $119.2M |
| BLCOBausch Plus Lomb Corp | September 30, 2022 | +8.0% | $11.4M |
| D. Boral Arc Acq I Corp.CUSIP G2616F101 | September 30, 2025 | +5.0% | $6.8M |
Sold off last quarter
- Super Micro Computer IncCUSIP 86800UAB0 was $110.5M
- Terns Pharmaceuticals IncCUSIP 880881107 was $52.7M
- Masimo CorpCUSIP 574795100 was $48.0M
- Carnival PLCCUSIP 14365C103 was $33.5M
- LITELumentum Hldgs Inc was $21.6M
- PPLIIac Inc was $8.7M
- Idea Acquisition CorpCUSIP G4727U126 was $7.9M
- Wheels Up Experience IncCUSIP 96328L205 was $7.4M
- Pono Cap Four IncCUSIP G71702123 was $7.0M
- Gigcapital7 CorpCUSIP G38648104 was $5.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −0.3% | +14.8% |
| March 31, 2026 | −4.1% | −4.6% |
| December 31, 2025 | −1.5% | +2.4% |
| September 30, 2025 | +2.6% | +7.8% |
| June 30, 2025 | +5.1% | +10.5% |
| March 31, 2025 | −2.7% | −4.6% |
| December 31, 2024 | −9.5% | +2.1% |
| September 30, 2024 | +15.5% | +5.4% |
| June 30, 2024 | −10.8% | +4.0% |
| March 31, 2024 | −5.8% | +10.0% |
| December 31, 2023 | +0.6% | +11.2% |
| September 30, 2023 | +0.3% | −3.6% |
| June 30, 2023 | +6.7% | +8.3% |
| March 31, 2023 | +4.5% | +7.0% |
| December 31, 2022 | +4.8% | +7.1% |
| September 30, 2022 | +0.7% | −5.3% |
| June 30, 2022 | −7.3% | −16.5% |
| March 31, 2022 | +5.1% | −4.9% |
| December 31, 2021 | +0.4% | +10.7% |
| September 30, 2021 | −1.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Whitebox Advisors LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1257391&type=13F-HR&dateb=&owner=include&count=40CIK 1257391
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1257391/000125739126000006/Filed August 14, 2026 · accession 0001257391-26-000006