Q4 2025 · 13F-HR
TIG Advisors, LLCholdings as filed
Filed 2026-02-17 · accession 0000919574-26-001203
$2.16B
Reported value
70
Positions
2025-12-31
Period end
The Brief · TIG Advisors, LLC · Q4 2025
AI · grounded in 13F
TIG Advisors, LLC closed its position in Merus N V 2GH, reducing exposure by $81.7M. The fund established new positions in Avidity Biosciences Inc RNAGBP for $129.9M and Sealed Air Corp New SDA for $93.7M. Additionally, the fund accumulated shares in Warner Bros Discovery Inc WBD, increasing its position by 289%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78464A854 | SPYM | SPDR SERIES TRUST | $477.0M | 22.1% | 5,946,012 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $135.1M | 6.26% | 4,689,293 | Common | SOLE |
| 05370A108 | RNAGBP | AVIDITY BIOSCIENCES INC | $130.0M | 6.02% | 1,801,683 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $100.5M | 4.65% | 225,261 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $93.7M | 4.34% | 2,262,334 | Common | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $90.6M | 4.20% | 2,378,747 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $89.8M | 4.16% | 883,843 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $89.0M | 4.12% | 1,194,808 | Common | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $83.2M | 3.85% | 3,859,122 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $81.3M | 3.77% | 397,990 | Common | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $72.5M | 3.36% | 1,047,802 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $63.4M | 2.94% | 219,723 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $63.0M | 2.92% | 2,612,498 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $56.6M | 2.62% | 1,962,700 | PUT | SOLE |
| 86765Q106 | SUNC | SUNOCOCORP LLC | $54.6M | 2.53% | 1,108,063 | Common | SOLE |
| 74736K101 | QRVO | QORVO INC | $43.2M | 2.00% | 511,748 | Common | SOLE |
| 03152W109 | AM6 | AMICUS THERAPEUTICS INC | $41.7M | 1.93% | 2,927,424 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $41.4M | 1.92% | 645,058 | Common | SOLE |
| 20717M103 | 8QR | CONFLUENT INC | $41.3M | 1.91% | 1,366,662 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $40.3M | 1.87% | 2,628,284 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $39.0M | 1.81% | 57,198 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $24.1M | 1.12% | 503,569 | Common | SOLE |
| 097023105 | BA | BOEING CO | $23.3M | 1.08% | 107,106 | Common | SOLE |
| 729640102 | PLYM | PLYMOUTH INDL REIT INC | $19.6M | 0.91% | 897,937 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $19.4M | 0.90% | 1,837,781 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $19.2M | 0.89% | 190,796 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $16.7M | 0.77% | 966,502 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $15.5M | 0.72% | 539,200 | CALL | SOLE |
| 268158201 | DVAX | DYNAVAX TECHNOLOGIES CORP | $11.4M | 0.53% | 742,263 | Common | SOLE |
| 89469A104 | THS | TREEHOUSE FOODS INC | $6.4M | 0.30% | 272,091 | Common | SOLE |
| G6858G107 | OBA | OXLEY BRIDGE ACQ LTD | $6.1M | 0.28% | 601,704 | Common | SOLE |
| 86881A100 | SGRY | SURGERY PARTNERS INC | $5.6M | 0.26% | 364,373 | Common | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $5.6M | 0.26% | 416,082 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $5.3M | 0.25% | 346,800 | CALL | SOLE |
| G2851K120 | DMIIU | DRUGS MADE IN AMER ACQ II CO | $5.0M | 0.23% | 500,000 | Common | SOLE |
| G6001S123 | LPCVU | LAUNCHPAD CADENZA ACQUISITIO | $4.0M | 0.18% | 400,000 | Common | SOLE |
| G0R91M121 | ADACU | AMERICAN DRIVE ACQUISITION C | $4.0M | 0.18% | 400,000 | Common | SOLE |
| 46283H202 | IRHOU | IRON HORSE ACQUISIT CORP II | $4.0M | 0.18% | 400,000 | Common | SOLE |
| 87901J105 | TGNA | TEGNA INC | $3.7M | 0.17% | 190,480 | Common | SOLE |
| G5490M100 | LWAC | LIGHTWAVE ACQUISITION CORP | $3.2M | 0.15% | 315,406 | Common | SOLE |
| G0750N104 | AXIN | AXIOM INTELLIGENCE AC CORP 1 | $3.0M | 0.14% | 300,001 | Common | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $2.9M | 0.13% | 215,000 | PUT | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $2.4M | 0.11% | 100,000 | PUT | SOLE |
| G3226F127 | EVOXU | EVOLUTION GLOBAL ACQUISITION | $2.2M | 0.10% | 223,738 | Common | SOLE |
| G2946P100 | EGHA | EGH ACQUISITION CORP. | $2.1M | 0.10% | 202,523 | Common | SOLE |
| 86765K109 | SUN | SUNOCO LP/SUNOCO FIN CORP | $1.8M | 0.09% | 35,100 | Common | SOLE |
| G3473K100 | FIGX | FIGX CAP ACQUISITION CORP. | $1.5M | 0.07% | 150,000 | Common | SOLE |
| G7117W107 | PACH | PIONEER ACQUISITION I CORP | $1.5M | 0.07% | 150,000 | Common | SOLE |
| G4569C101 | HVMC | HIGHVIEW MERGER CORP | $1.5M | 0.07% | 150,000 | Common | SOLE |
| 81619Q105 | SEM | SELECT MED HLDGS CORP | $1.1M | 0.05% | 75,496 | Common | SOLE |
| G6032N127 | MESHU | MESHFLOW ACQUISITION CORP | $1.0M | 0.05% | 100,000 | Common | SOLE |
| G63221108 | MBVI | M3-BRIGADE ACQUISITION VI CO | $1.0M | 0.05% | 100,000 | Common | SOLE |
| G1352R121 | BLRKU | BLUEROCK ACQUISITION CORP | $1.0M | 0.05% | 100,000 | Common | SOLE |
| G4977S128 | ITHAU | ITHAX ACQUISITION CORP III | $997,500 | 0.05% | 100,000 | Common | SOLE |
| 524660107 | LEG | LEGGETT & PLATT INC | $960,619 | 0.04% | 87,329 | Common | SOLE |
| 74366E102 | PTGX | PROTAGONIST THERAPEUTICS INC | $873,400 | 0.04% | 10,000 | CALL | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $727,536 | 0.03% | 70,772 | Common | SOLE |
| G1828S109 | CEPV | CANTOR EQUITY PARTNERS V INC | $512,500 | 0.02% | 50,000 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $510,000 | 0.02% | 50,000 | Common | SOLE |
| G9009S103 | BLZR | TRAILBLAZER ACQUISITION CORP | $500,500 | 0.02% | 50,000 | Common | SOLE |
| 811054402 | SSP | SCRIPPS E W CO OHIO | $426,260 | 0.02% | 106,832 | Common | SOLE |
| G3730U123 | FCRS/U | FUTURECREST ACQUISITION CORP | $256,000 | 0.01% | 25,000 | Common | SOLE |
| 852312305 | STAA | STAAR SURGICAL CO | $240,136 | 0.01% | 10,400 | PUT | SOLE |
| G6757R105 | ONCH | 1RT ACQUISITION CORP. | $102,000 | 0.00% | 10,000 | Common | SOLE |
| G6858G115 | OBAWW | OXLEY BRIDGE ACQ LTD | $30,264 | 0.00% | 137,500 | Common | SOLE |
| G4569C119 | HVMCW | HIGHVIEW MERGER CORP | $20,272 | 0.00% | 74,999 | Common | SOLE |
| G3473K118 | FIGXW | FIGX CAP ACQUISITION CORP. | $19,875 | 0.00% | 74,999 | Common | SOLE |
| G7117W115 | PACHW | PIONEER ACQUISITION I CORP | $18,000 | 0.00% | 74,999 | Common | SOLE |
| G63221116 | MBVIW | M3-BRIGADE ACQUISITION VI CO | $12,332 | 0.00% | 33,330 | Common | SOLE |
| G9009S111 | BLZRW | TRAILBLAZER ACQUISITION CORP | $8,000 | 0.00% | 16,663 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.