Q4 2025 · 13F-HR
Westchester Capital Management, LLCholdings as filed
Filed 2026-02-13 · accession 0001512805-26-000002
$2.38B
Reported value
287
Positions
2025-12-31
Period end
The Brief · Westchester Capital Management, LLC · Q4 2025
AI · grounded in 13F
Westchester Capital Management, LLC closed its position in Mr Cooper Group Inc 07WA, reducing exposure by $155.18M. The fund also exited positions in Kellanova K and Interpublic Group Cos Inc IPG, totaling $139.53M and $63.71M respectively. On the buy side, the fund established new positions in Exact Sciences Corp EXK for $76.33M and Avidity Biosciences Inc for $69.44M. Additionally, the fund accumulated shares in Electronic Arts Inc EA, increasing its position by 359.99%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $146.2M | 6.14% | 327,864 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $136.4M | 5.73% | 200,000 | PUT | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $121.4M | 5.10% | 594,161 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $111.9M | 4.70% | 387,596 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $105.2M | 4.42% | 3,649,601 | Common | SOLE |
| 16115Q308 | GTLS | CHART INDS INC | $102.3M | 4.30% | 496,058 | Common | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $87.9M | 3.69% | 2,308,994 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $76.3M | 3.21% | 751,561 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $75.0M | 3.15% | 1,566,212 | Common | SOLE |
| 05370A108 | RNAGBP | AVIDITY BIOSCIENCES INC | $69.4M | 2.92% | 962,659 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $61.2M | 2.57% | 1,278,900 | PUT | SOLE |
| 200340107 | CMA | COMERICA INC | $57.2M | 2.40% | 658,366 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $38.8M | 1.63% | 1,605,544 | Common | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $37.8M | 1.59% | 546,665 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $35.4M | 1.49% | 853,621 | Common | SOLE |
| G1000R101 | AAM | AA MISSION ACQUISITION CORP | $28.8M | 1.21% | 2,701,172 | Common | SOLE |
| 20717M103 | 8QR | CONFLUENT INC | $25.9M | 1.09% | 857,198 | Common | SOLE |
| 530307107 | LBRDA | LIBERTY BROADBAND CORP | $25.6M | 1.08% | 530,942 | Common | SOLE |
| 644535106 | NGDN | NEW GOLD INC CDA | $24.8M | 1.04% | 2,852,255 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $23.8M | 1.00% | 319,734 | Common | SOLE |
| 87901J105 | TGNA | TEGNA INC | $23.1M | 0.97% | 1,192,134 | Common | SOLE |
| G4375F108 | HYAC | HAYMAKER ACQUISITION CORP IV | $22.1M | 0.93% | 1,939,028 | Common | SOLE |
| G0131Y100 | ANSC | AGRICULTURE & NAT SOL ACQ CO | $21.9M | 0.92% | 1,964,677 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $21.5M | 0.90% | 334,421 | Common | SOLE |
| G52258111 | KFII | K&F GROWTH ACQUISITION CORP | $19.5M | 0.82% | 1,885,000 | Common | SOLE |
| G2847J104 | DMAA | DRUGS MADE IN AMER ACQUTN CO | $17.3M | 0.73% | 1,669,000 | Common | SOLE |
| G8193F109 | SZZL | SIZZLE ACQUISITION CORP. II | $15.9M | 0.67% | 1,564,728 | Common | SOLE |
| 138103106 | UTE0 | CANTALOUPE INC | $14.8M | 0.62% | 1,389,401 | Common | SOLE |
| G4035N103 | GPAT | GP-ACT III ACQUISITION CORP | $14.6M | 0.61% | 1,360,852 | Common | SOLE |
| G3933N116 | GTERA | GLOBA TERRA ACQUISITION COR | $14.3M | 0.60% | 1,414,429 | Common | SOLE |
| 12740C103 | CADE | CADENCE BANK | $14.1M | 0.59% | 328,564 | Common | SOLE |
| G8118C124 | SDHI | SIDDHI ACQUISITION CORP | $13.9M | 0.58% | 1,349,197 | Common | SOLE |
| G8901A103 | TACH | TITAN ACQUISITION CORP | $13.8M | 0.58% | 1,344,693 | Common | SOLE |
| G93A7H104 | VACH | VOYAGER ACQUISITION CORP | $13.5M | 0.57% | 1,261,894 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQUISITION CORP. I | $13.5M | 0.57% | 1,270,312 | Common | SOLE |
| G6476A102 | NPAC | NEW PROVIDENCE ACQUISITION C | $13.1M | 0.55% | 1,278,999 | Common | SOLE |
| G6861F104 | OYSE | OYSTER ENTERPRISES II ACQUIS | $13.1M | 0.55% | 1,295,112 | Common | SOLE |
| 89469A104 | THS | TREEHOUSE FOODS INC | $13.1M | 0.55% | 553,686 | Common | SOLE |
| G5304D106 | KCHV | KOCHAV DEFENSE ACQUI CO | $13.0M | 0.55% | 1,286,000 | Common | SOLE |
| G82745103 | SOUL | SOULPOWER ACQUISITION CORP | $13.0M | 0.55% | 1,279,300 | Common | SOLE |
| G7134A104 | PLMK | PLUM ACQUISITION CORP IV | $12.8M | 0.54% | 1,225,000 | Common | SOLE |
| G4992A110 | JACS | JACKSON ACQUISITION CO II | $12.4M | 0.52% | 1,186,200 | Common | SOLE |
| G01558108 | ALDF | ALDEL FINL II INC | $12.2M | 0.51% | 1,159,448 | Common | SOLE |
| G26745102 | POLE | ANDRETTI ACQUISITION CORP II | $11.7M | 0.49% | 1,111,416 | Common | SOLE |
| 126408103 | CSX | CSX CORP | $10.9M | 0.46% | 299,800 | PUT | SOLE |
| G3864J100 | GIW | GIGCAPITAL8 CORP | $10.7M | 0.45% | 1,080,000 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $10.4M | 0.44% | 53,200 | PUT | SOLE |
| G0509J115 | AACB | ARTIUS II ACQUISITION INC | $10.3M | 0.43% | 995,939 | Common | SOLE |
| G2616F101 | BCAR | D. BORAL ARC ACQ I CORP. | $10.1M | 0.42% | 1,002,475 | Common | SOLE |
| G5S87A105 | LPBB | LAUNCH TWO ACQUISITION CORP. | $10.0M | 0.42% | 950,000 | Common | SOLE |
| G32901103 | FACT | FACT II ACQUISITION CORP | $9.6M | 0.40% | 921,116 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $9.5M | 0.40% | 330,400 | PUT | SOLE |
| G04537109 | ATII | ARCHIMEDES TECH SPAC PARTNER | $9.4M | 0.39% | 907,144 | Common | SOLE |
| G6439S109 | NTWO | NEWBURY STR II ACQUISITION C | $9.4M | 0.39% | 898,111 | Common | SOLE |
| G5093B105 | JENA | JENA ACQUISITION CORP II | $9.3M | 0.39% | 912,000 | Common | SOLE |
| G6301B101 | MLAC | MOUNTAIN LAKE ACQUISITION CO | $9.2M | 0.39% | 887,700 | Common | SOLE |
| G6858G107 | OBA | OXLEY BRIDGE ACQ LTD | $9.2M | 0.39% | 917,657 | Common | SOLE |
| G24243100 | COPL | COPLEY ACQUISITION CORP | $8.8M | 0.37% | 860,600 | Common | SOLE |
| G7117W123 | PACHU | PIONEER ACQUISITION I CORP | $8.6M | 0.36% | 850,000 | Common | SOLE |
| G0R38G104 | XRPN | ARMADA ACQUISITION CORP II | $8.5M | 0.36% | 833,400 | Common | SOLE |
| G3265R107 | APTV | APTIV PLC | $8.5M | 0.36% | 111,900 | PUT | SOLE |
| G3265R107 | APTV | APTIV PLC | $8.5M | 0.36% | 111,900 | Common | SOLE |
| G5490M100 | LWAC | LIGHTWAVE ACQUISITION CORP | $8.2M | 0.35% | 819,872 | Common | SOLE |
| G20315100 | ALF | CENTURION ACQUISITION CORP | $7.4M | 0.31% | 688,240 | Common | SOLE |
| 87652V109 | TASK | TASKUS INC | $7.1M | 0.30% | 602,597 | Common | SOLE |
| G86880104 | TAVI | TAVIA ACQUISITION CORP | $7.1M | 0.30% | 680,000 | Common | SOLE |
| G5353S103 | LCCC | LAKESHORE ACQUISITION III CO | $7.0M | 0.30% | 689,436 | Common | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $6.9M | 0.29% | 248,000 | PUT | SOLE |
| 126408103 | CSX | CSX CORP | $6.8M | 0.29% | 187,783 | Common | SOLE |
| G0750N104 | AXIN | AXIOM INTELLIGENCE AC CORP 1 | $6.8M | 0.29% | 675,000 | Common | SOLE |
| G2867S109 | IPOD | DUNE ACQUISITION CORP II | $6.8M | 0.29% | 666,477 | Common | SOLE |
| G4R12K123 | GSRFU | GSR IV ACQUISITION CORP | $6.7M | 0.28% | 650,000 | Common | SOLE |
| G17564108 | CRAQ | CAL REDWOOD ACQUISITION CORP | $6.6M | 0.28% | 650,000 | Common | SOLE |
| G82617104 | SOCA | SOLARIUS CAPITAL ACQU CORP | $6.4M | 0.27% | 640,000 | Common | SOLE |
| G2574F119 | CRAC | CROWN RESV ACQUISITION CORP | $6.1M | 0.25% | 610,000 | Common | SOLE |
| G4330A129 | HAVAU | HARVARD AVE ACQUISITION CORP | $6.0M | 0.25% | 598,790 | Common | SOLE |
| 500754106 | KHC | KRAFT HEINZ CO | $5.9M | 0.25% | 242,800 | PUT | SOLE |
| G5509P102 | LOKV | LIVE OAK ACQUISITION CORP V | $5.7M | 0.24% | 550,046 | Common | SOLE |
| G3106Q110 | EVAC/U | EQV VENTURES AC CORP. II | $5.5M | 0.23% | 550,000 | Common | SOLE |
| G6001J107 | IPEX | INFLECTION POINT ACQU CORP V | $5.5M | 0.23% | 532,807 | Common | SOLE |
| G87890102 | TVAI | THAYER VENTURES ACQ CORP II | $5.3M | 0.22% | 525,000 | Common | SOLE |
| G4002F109 | GTEN | GORES HLDGS X INC | $5.3M | 0.22% | 515,073 | Common | SOLE |
| G5451A103 | LEGT | LEGATO MERGER CORP III | $5.3M | 0.22% | 483,161 | Common | SOLE |
| G04819101 | ENHA | A PARADISE ACQUISITION CORP | $5.2M | 0.22% | 521,794 | Common | SOLE |
| G9580A109 | VNME | VENDOME ACQUISITION CORP I | $5.0M | 0.21% | 500,000 | Common | SOLE |
| G2851K120 | DMIIU | DRUGS MADE IN AMER ACQ II CO | $5.0M | 0.21% | 502,914 | Common | SOLE |
| G6375X104 | NMP | NMP ACQUISITION CORP | $5.0M | 0.21% | 500,000 | Common | SOLE |
| G2851K104 | DMII | DRUGS MADE IN AMER ACQ II CO | $5.0M | 0.21% | 500,000 | Common | SOLE |
| G04104108 | APXT | APEX TREAS CORP | $4.9M | 0.21% | 500,000 | Common | SOLE |
| G1000S117 | YCY/U | AA MISSION ACQUISITION CORP | $4.9M | 0.21% | 494,185 | Common | SOLE |
| G6486E102 | NHIC | NEWHOLD INVT CORP III | $4.7M | 0.20% | 450,000 | Common | SOLE |
| G1828S109 | CEPV | CANTOR EQUITY PARTNERS V INC | $4.6M | 0.19% | 450,000 | Common | SOLE |
| G8089R100 | PGAC | PANTAGES CAPITAL ACQUISITION | $4.6M | 0.19% | 443,000 | Common | SHARED |
| G6004G100 | MACI | MELAR ACQUISITION CORP. I | $4.5M | 0.19% | 424,707 | Common | SOLE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $4.4M | 0.18% | 433,460 | Common | SOLE |
| G67751100 | ORIQ | ORIGIN INVT CORP I | $4.3M | 0.18% | 425,000 | Common | SOLE |
| G5501C109 | CUB | LIONHEART HOLDINGS | $4.3M | 0.18% | 400,036 | Common | SOLE |
| G4627B103 | HSPT | HORIZON SPACE ACQUISITION II | $4.3M | 0.18% | 404,900 | Common | SOLE |
| G1368E122 | BLUWU | BLUE WTR ACQUISITION CORP. I | $4.2M | 0.18% | 400,000 | Common | SOLE |
| G38648104 | GIG | GIGCAPITAL7 CORP | $4.1M | 0.17% | 393,423 | Common | SOLE |
| G7117W107 | PACH | PIONEER ACQUISITION I CORP | $4.1M | 0.17% | 408,612 | Common | SOLE |
| G01336125 | AIIA/U | AI INFRASTRUCTURE ACQUISI | $4.1M | 0.17% | 400,000 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $4.1M | 0.17% | 135,500 | PUT | SOLE |
| G2584S135 | KOYNU | CSLM DIGITA ASSET ACQ CORP I | $4.0M | 0.17% | 400,000 | Common | SOLE |
| G19307100 | CGCT | CARTESIAN GROWTH CORP III | $4.0M | 0.17% | 390,847 | Common | SOLE |
| G37068106 | FVN | FUTURE VISION II ACQUISITION | $4.0M | 0.17% | 376,362 | Common | SOLE |
| G2584S101 | KOYN | CSLM DIGITA ASSET ACQ CORP I | $4.0M | 0.17% | 400,000 | Common | SOLE |
| G9R39C129 | WENNU | WEN ACQUISITION CORP | $3.9M | 0.17% | 384,654 | Common | SOLE |
| G7576K107 | RDAC | RISING DRAGON ACQUISITION CO | $3.8M | 0.16% | 367,500 | Common | SHARED |
| G8559L112 | SSEA | STARRY SEA ACQUISITION CORP | $3.8M | 0.16% | 375,000 | Common | SOLE |
| G7314B104 | QSEA | QUARTZSEA ACQUISITION CORP | $3.8M | 0.16% | 366,605 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $3.7M | 0.15% | 18,900 | Common | SOLE |
| G8192J102 | SPEG | SILVER PEGASUS ACQUISITION C | $3.5M | 0.15% | 350,000 | Common | SOLE |
| G1771C101 | ALIS | CALISA ACQUISITION CORP | $3.5M | 0.15% | 354,923 | Common | SOLE |
| 30334J102 | FGMC | FG MERGER II CORP | $3.5M | 0.15% | 349,172 | Common | SOLE |
| G0081J129 | AEAQU | ACTIVATE ENERGY ACQUISITION | $3.5M | 0.15% | 350,000 | Common | SOLE |
| G6032N127 | MESHU | MESHFLOW ACQUISITION CORP | $3.5M | 0.15% | 350,000 | Common | SOLE |
| G1993W109 | CAPN | CAYSON ACQUISITION CORP | $3.5M | 0.15% | 325,000 | Common | SOLE |
| G81354105 | SBXD | SILVERBOX CORP IV | $3.4M | 0.14% | 325,485 | Common | SOLE |
| 12664M103 | NOEM | CO2 ENERGY TRANSITION CORP | $3.4M | 0.14% | 331,013 | Common | SOLE |
| G93Y0A104 | UYSC | UY SCUTI ACQUISITION CORP. | $3.4M | 0.14% | 330,000 | Common | SOLE |
| G6001S123 | LPCVU | LAUNCHPAD CADENZA ACQUISITIO | $3.3M | 0.14% | 334,463 | Common | SOLE |
| G2946P100 | EGHA | EGH ACQUISITION CORP. | $3.3M | 0.14% | 325,000 | Common | SOLE |
| G01336109 | AIIA | AI INFRASTRUCTURE ACQUISI | $3.3M | 0.14% | 331,000 | Common | SOLE |
| G7552W109 | RIBB | RIBBON ACQUISITION CORP | $3.0M | 0.12% | 284,734 | Common | SOLE |
| G2086N113 | CHECU | CHENGHE ACQUISITION III CO | $2.8M | 0.12% | 275,000 | Common | SOLE |
| G7257A105 | PCAP | PROCAP ACQUISITION CORP | $2.6M | 0.11% | 260,814 | Common | SOLE |
| G9008W105 | TDAC | TRANSLATIONAL DEV ACQUISITIO | $2.6M | 0.11% | 248,852 | Common | SOLE |
| G5354C131 | LKSPU | LAKE SUPERIOR ACQUISITION CO | $2.6M | 0.11% | 255,000 | Common | SOLE |
| G9717M109 | WTG | WINTERGREEN ACQUISITION CORP | $2.6M | 0.11% | 254,058 | Common | SOLE |
| G0R78B122 | BCSS/U | BAIN CAP GSS INVT CORP | $2.6M | 0.11% | 250,000 | Common | SOLE |
| G1331A108 | BACC | BLUE ACQUISITION CORP. | $2.5M | 0.11% | 247,210 | Common | SOLE |
| G2574F101 | CRACU | CROWN RESV ACQUISITION CORP | $2.5M | 0.11% | 250,000 | Common | SOLE |
| G4791J106 | INAC | INDIGO ACQUISITION CORP | $2.5M | 0.11% | 250,000 | Common | SOLE |
| G7309T102 | PAII | PYROPHYTE ACQUISITION CORP. | $2.5M | 0.11% | 250,000 | Common | SOLE |
| G7387B106 | QUMS | QUANTUMSPHERE ACQUISITION CO | $2.5M | 0.11% | 250,000 | Common | SOLE |
| G1352R121 | BLRKU | BLUEROCK ACQUISITION CORP | $2.5M | 0.11% | 250,000 | Common | SOLE |
| G6005T101 | MKLY | MCKINLEY ACQUISITION CORP | $2.5M | 0.10% | 250,000 | Common | SOLE |
| G4977S128 | ITHAU | ITHAX ACQUISITION CORP III | $2.5M | 0.10% | 250,000 | Common | SOLE |
| G3852D107 | GSHR | GESHER ACQUISITION CORP. II | $2.5M | 0.10% | 240,000 | Common | SOLE |
| 500754106 | KHC | KRAFT HEINZ CO | $2.4M | 0.10% | 100,000 | Common | SOLE |
| G4036C106 | GRAF | GRAF GLOBAL CORP | $2.3M | 0.10% | 214,157 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $2.2M | 0.09% | 34,440 | Common | SOLE |
| G73944103 | RAAQ | REAL ASSET ACQUISITION CORP | $2.2M | 0.09% | 215,312 | Common | SOLE |
| G1143H127 | BIXIU | BITCOIN INFRASTRUCTURE ACQUI | $2.2M | 0.09% | 220,000 | Common | SOLE |
| G2254C105 | CCIIU | COHEN CIRCLE ACQUISIT CORP I | $2.2M | 0.09% | 210,630 | Common | SOLE |
| G9877L107 | CHAR | CHARLTON ARIA ACQUISITION CO | $2.1M | 0.09% | 200,000 | Common | SOLE |
| G8475V103 | SVCC | STELLAR V CAP CORP | $2.1M | 0.09% | 200,000 | Common | SOLE |
| G8377R127 | SVACU | SPRING VY ACQUISITION CORP I | $2.1M | 0.09% | 200,000 | Common | SOLE |
| G1368E106 | BLUW | BLUE WTR ACQUISITION CORP. I | $2.1M | 0.09% | 200,000 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $2.1M | 0.09% | 200,000 | Common | SOLE |
| G2853N106 | DTSQ | DT CLOUD STAR ACQUISITION CO | $2.0M | 0.09% | 187,722 | Common | SOLE |
| G6858G123 | OBAWU | OXLEY BRIDGE ACQ LTD | $2.0M | 0.09% | 200,000 | Common | SOLE |
| G8772L105 | TVA | TEXAS VENTURES ACQUISITION I | $2.0M | 0.09% | 190,031 | Common | SOLE |
| G53426121 | LAFAU | LAFAYETTE ACQUISITION CORP | $2.0M | 0.08% | 200,000 | Common | SOLE |
| G5354C107 | LKSP | LAKE SUPERIOR ACQUISITION CO | $2.0M | 0.08% | 200,000 | Common | SOLE |
| 67190B104 | OAKU | OAK WOODS ACQUISITION CORP | $2.0M | 0.08% | 163,362 | Common | SOLE |
| G4330A103 | HAVA | HARVARD AVE ACQUISITION CORP | $2.0M | 0.08% | 198,154 | Common | SOLE |
| G7633M104 | DRDB | ROMAN DBDR ACQUISITION CORP | $1.9M | 0.08% | 185,244 | Common | SOLE |
| G2616C124 | DSACU | DAEDALUS SPL ACQUISITION COR | $1.9M | 0.08% | 192,208 | Common | SOLE |
| G3R25N124 | LATAU | GALATA ACQUISITION CORP II | $1.8M | 0.07% | 175,000 | Common | SOLE |
| G81306105 | SVAQU | SILICON VY ACQUISITION CORP | $1.7M | 0.07% | 175,000 | Common | SOLE |
| G3037D105 | EMIS | EMMIS ACQUISITION CORP. | $1.7M | 0.07% | 175,000 | Common | SOLE |
| G4569C101 | HVMC | HIGHVIEW MERGER CORP | $1.7M | 0.07% | 170,299 | Common | SOLE |
| G7010A103 | PMTRU | PERIMETER ACQUISITION CORP I | $1.6M | 0.07% | 150,000 | Common | SOLE |
| 67071L106 | NVG | NUVEEN AMT FREE MUN CR INC F | $1.6M | 0.07% | 123,412 | Common | SOLE |
| G3473K100 | FIGX | FIGX CAP ACQUISITION CORP. | $1.5M | 0.06% | 152,916 | Common | SOLE |
| G17564124 | CRAQU | CAL REDWOOD ACQUISITION CORP | $1.5M | 0.06% | 150,000 | Common | SOLE |
| G04104116 | APXTU | APEX TREAS CORP | $1.5M | 0.06% | 150,000 | Common | SOLE |
| G0R91M121 | ADACU | AMERICAN DRIVE ACQUISITION C | $1.5M | 0.06% | 150,000 | Common | SOLE |
| 46283H202 | IRHOU | IRON HORSE ACQUISIT CORP II | $1.5M | 0.06% | 150,000 | Common | SOLE |
| 09254F100 | MQY | BLACKROCK MUNIYILD QULT FD I | $1.5M | 0.06% | 130,274 | Common | SOLE |
| 092479104 | — | BLACKROCK MUN INCOME QUALITY | $1.5M | 0.06% | 132,996 | Common | SOLE |
| G24979109 | CHAC | CRANE HBR ACQUISITION CORP | $1.4M | 0.06% | 134,347 | Common | SOLE |
| G6005T127 | MKLYU | MCKINLEY ACQUISITION CORP | $1.4M | 0.06% | 142,813 | Common | SOLE |
| G3106N109 | FTW | EQV VENTURES ACQUISITION COR | $1.4M | 0.06% | 135,300 | Common | SHARED |
| G1827K107 | CEPO | CANTOR EQUITY PARTNERS I INC | $1.3M | 0.06% | 126,829 | Common | SOLE |
| G1331A124 | BACCU | BLUE ACQUISITION CORP. | $1.3M | 0.05% | 123,532 | Common | SOLE |
| G8192J128 | SPEGU | SILVER PEGASUS ACQUISITION C | $1.3M | 0.05% | 125,000 | Common | SOLE |
| G93Y09107 | — | VINE HILL CAP INVT CORP. | $1.3M | 0.05% | 119,938 | Common | SOLE |
| G6791A126 | OTGAU | OTG ACQUISITION CORP. I | $1.3M | 0.05% | 125,000 | Common | SOLE |
| G5414D129 | LFACU | LEAPFROG ACQUISITION CORP | $1.3M | 0.05% | 125,000 | Common | SOLE |
| G8254P129 | SCPQU | SOCIAL COMM PARTNERS CORP | $1.3M | 0.05% | 125,000 | Common | SOLE |
| G1148A101 | BKHA | BLACK HAWK ACQUISITION CORP | $1.1M | 0.05% | 102,000 | Common | SHARED |
| G04819127 | — | A PARADISE ACQUISITION CORP | $1.0M | 0.04% | 100,000 | Common | SOLE |
| G7387B122 | QUMSU | QUANTUMSPHERE ACQUISITION CO | $1.0M | 0.04% | 100,000 | Common | SOLE |
| G8148S123 | SBXE/U | SILVERBOX CORP V | $1.0M | 0.04% | 100,000 | Common | SOLE |
| G2295P107 | COLA | COLUMBUS ACQUISITION CORP | $921,150 | 0.04% | 89,000 | Common | SHARED |
| G3415K101 | FERA | FIFTH ERA ACQUISITION CORP I | $884,575 | 0.04% | 86,300 | Common | SOLE |
| G3473K126 | FIGXU | FIGX CAP ACQUISITION CORP. | $863,601 | 0.04% | 85,000 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $822,758 | 0.03% | 8,155 | Common | SOLE |
| G52443119 | KVAC | KEEN VISION ACQUISITION CORP | $822,500 | 0.03% | 70,000 | Common | SHARED |
| 355145103 | FT | FRANKLIN UNVL TR | $816,256 | 0.03% | 102,032 | Common | SOLE |
| G1169T104 | MRLN | INFLECTION POINT ACQUISITION | $799,659 | 0.03% | 74,595 | Common | SOLE |
| G85096108 | APAC | STONEBRIDGE ACQUISITION II C | $796,000 | 0.03% | 80,000 | Common | SOLE |
| G21301109 | CCIX | CHURCHILL CAPITAL CORP IX | $794,794 | 0.03% | 74,769 | Common | SOLE |
| G7515A111 | RDAGU | REPUBLIC DIGITAL ACQUISITION | $782,250 | 0.03% | 75,000 | Common | SOLE |
| G1000S109 | YCY | AA MISSION ACQUISITION CORP | $774,540 | 0.03% | 78,000 | Common | SOLE |
| G9582G120 | VACI/U | VIKING ACQUISITION CORP I | $751,500 | 0.03% | 75,000 | Common | SOLE |
| G7257A113 | PCAPU | PROCAP ACQUISITION CORP | $707,686 | 0.03% | 69,110 | Common | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $689,998 | 0.03% | 24,634 | Common | SOLE |
| 86765Q106 | SUNC | SUNOCOCORP LLC | $632,213 | 0.03% | 12,829 | Common | SOLE |
| G2124S124 | CHPGU | CHAMPIONSGATE ACQUISITION CO | $607,800 | 0.03% | 60,000 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $572,700 | 0.02% | 33,200 | PUT | SOLE |
| 49177J102 | KVUE | KENVUE INC | $572,700 | 0.02% | 33,200 | Common | SOLE |
| G3530C109 | FSHP | FLAG SHIP ACQUISITION CORP | $567,074 | 0.02% | 52,702 | Common | SOLE |
| 09254E103 | MYI | BLACKROCK MUNIYIELD QUALITY | $556,425 | 0.02% | 51,189 | Common | SOLE |
| G32168109 | EURK | EUREKA ACQUISITION CORP | $549,499 | 0.02% | 50,000 | Common | SOLE |
| G9R39C103 | WENN | WEN ACQUISITION CORP | $530,543 | 0.02% | 52,529 | Common | SOLE |
| 09253N104 | MHD | BLACKROCK MUNIHOLDINGS FD IN | $516,419 | 0.02% | 43,988 | Common | SOLE |
| G2131A124 | CCXIU | CHURCHILL CAP CORP XI | $510,500 | 0.02% | 50,000 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $510,001 | 0.02% | 50,000 | Common | SOLE |
| G0701G125 | BDCIU | BTC DEV CORP | $506,999 | 0.02% | 50,000 | Common | SOLE |
| G1069P103 | BSAA | BEST SPAC I ACQUISITION CORP | $506,500 | 0.02% | 50,000 | Common | SOLE |
| G63221124 | MBVIU | M3-BRIGADE ACQUISITION VI CO | $505,000 | 0.02% | 50,000 | Common | SOLE |
| G25014120 | CRANU | CRANE HBR ACQUISITION CORP I | $503,250 | 0.02% | 50,000 | Common | SOLE |
| G2949T125 | DNMXU | DYNAMIX CORP III | $502,500 | 0.02% | 50,000 | Common | SOLE |
| 09254C107 | — | BLACKROCK MUNIHOLDINGS QUALI | $441,199 | 0.02% | 43,988 | Common | SOLE |
| 09249N101 | BLE | BLACKROCK MUNI INCOME TR II | $372,750 | 0.02% | 35,704 | Common | SOLE |
| 09248F109 | — | BLACKROCK MUN INCOME TR | $358,111 | 0.02% | 35,704 | Common | SOLE |
| G6757R121 | ONCHU | 1RT ACQUISITION CORP. | $319,295 | 0.01% | 30,820 | Common | SOLE |
| 278279104 | EFT | EATON VANCE FLTING RATE INC | $301,195 | 0.01% | 26,678 | Common | SOLE |
| 462837105 | UCFI | CN HEALTHY FOOD TECH GROUP C | $268,436 | 0.01% | 48,718 | Common | SOLE |
| G4365E129 | HCMAU | HCM III ACQUISITION CORP | $256,000 | 0.01% | 25,000 | Common | SOLE |
| G5304D114 | KCHVR | KOCHAV DEFENSE ACQUI CO | $240,000 | 0.01% | 1,000,000 | Common | SOLE |
| G8901A111 | TACHW | TITAN ACQUISITION CORP | $235,253 | 0.01% | 672,345 | Common | SOLE |
| G6476A110 | NPACW | NEW PROVIDENCE ACQUISITION C | $215,424 | 0.01% | 426,330 | Common | SOLE |
| G24979117 | CHACR | CRANE HBR ACQUISITION CORP | $208,391 | 0.01% | 260,489 | Common | SOLE |
| G4992A136 | JACS-R | JACKSON ACQUISITION CO II | $204,000 | 0.01% | 850,000 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $179,340 | 0.01% | 6,000 | Common | SOLE |
| G6861F138 | OYSER | OYSTER ENTERPRISES II ACQUIS | $170,000 | 0.01% | 850,000 | Common | SOLE |
| G6301B127 | MLACR | MOUNTAIN LAKE ACQUISITION CO | $168,003 | 0.01% | 700,013 | Common | SOLE |
| G1771C119 | ALISU | CALISA ACQUISITION CORP | $164,567 | 0.01% | 15,748 | Common | SOLE |
| G8193F133 | SZZLR | SIZZLE ACQUISITION CORP. II | $160,000 | 0.01% | 1,000,000 | Common | SOLE |
| 78518H202 | BRW | SABA CAPITAL INCOME & OPRNT | $156,631 | 0.01% | 22,344 | Common | SOLE |
| G82745137 | SOUL-R | SOULPOWER ACQUISITION CORP | $130,865 | 0.01% | 747,800 | Common | SOLE |
| G01558124 | ALDFW | ALDEL FINL II INC | $128,124 | 0.01% | 312,499 | Common | SOLE |
| G8772L113 | TVACW | TEXAS VENTURES ACQUISITION I | $116,754 | 0.00% | 129,726 | Common | SOLE |
| G2867S117 | IPODW | DUNE ACQUISITION CORP II | $115,387 | 0.00% | 449,855 | Common | SOLE |
| G01341133 | AFJKR | AIMEI HEALTH TECHNOLOGY CO L | $115,285 | 0.00% | 288,212 | Common | SOLE |
| G04537125 | ATIIW | ARCHIMEDES TECH SPAC PARTNER | $109,820 | 0.00% | 199,999 | Common | SOLE |
| G3730U123 | FCRS/U | FUTURECREST ACQUISITION CORP | $102,401 | 0.00% | 10,000 | Common | SOLE |
| G5509P110 | LOKVW | LIVE OAK ACQUISITION CORP V | $98,499 | 0.00% | 99,999 | Common | SOLE |
| G5353S137 | LCCCR | LAKESHORE ACQUISITION III CO | $94,127 | 0.00% | 439,436 | Common | SOLE |
| 03761U502 | MFIC | MIDCAP FINANCIAL INVSTMNT CO | $88,111 | 0.00% | 7,702 | Common | SHARED |
| G4002F125 | GTENW | GORES HLDGS X INC | $87,649 | 0.00% | 128,764 | Common | SOLE |
| G7633M112 | DRDBW | ROMAN DBDR ACQUISITION CORP | $86,998 | 0.00% | 149,998 | Common | SOLE |
| G86880146 | TAVIR | TAVIA ACQUISITION CORP | $83,720 | 0.00% | 400,000 | Common | SOLE |
| G0R38G112 | XRPNW | ARMADA ACQUISITION CORP II | $82,045 | 0.00% | 100,055 | Common | SOLE |
| 296424112 | ESHAR | ESH ACQUISITION CORP | $82,000 | 0.00% | 400,000 | Common | SOLE |
| G19307126 | CGCTW | CARTESIAN GROWTH CORP III | $80,019 | 0.00% | 100,000 | Common | SOLE |
| G2847J112 | DMAAR | DRUGS MADE IN AMER ACQUTN CO | $78,950 | 0.00% | 500,000 | Common | SOLE |
| G8089R118 | PGACR | PANTAGES CAPITAL ACQUISITION | $77,077 | 0.00% | 385,000 | Common | SHARED |
| G32901129 | FACTW | FACT II ACQUISITION CORP | $70,076 | 0.00% | 200,216 | Common | SOLE |
| G93Y0A112 | UYSCR | UY SCUTI ACQUISITION CORP. | $66,000 | 0.00% | 330,000 | Common | SOLE |
| G24243126 | COPL/WS | COPLEY ACQUISITION CORP | $64,503 | 0.00% | 376,548 | Common | SOLE |
| G5093B113 | JENA-R | JENA ACQUISITION CORP II | $64,040 | 0.00% | 400,000 | Common | SOLE |
| G87890110 | TVAIR | THAYER VENTURES ACQ CORP II | $57,750 | 0.00% | 275,000 | Common | SOLE |
| G5490M126 | LWACW | LIGHTWAVE ACQUISITION CORP | $54,280 | 0.00% | 284,934 | Common | SOLE |
| G6439S117 | NTWOW | NEWBURY STR II ACQUISITION C | $51,952 | 0.00% | 225,000 | Common | SOLE |
| G4036C122 | GRAF/WS | GRAF GLOBAL CORP | $48,354 | 0.00% | 106,977 | Common | SOLE |
| G0232F133 | ALCWF | ALCHEMY INVTS ACQUISITN CORP | $47,250 | 0.00% | 224,998 | Common | SOLE |
| G0131Y118 | ANSCW | AGRICULTURE & NAT SOL ACQ CO | $44,365 | 0.00% | 132,870 | Common | SOLE |
| 07323B118 | BAYAR | BAYVIEW ACQUISITION CORP | $42,500 | 0.00% | 250,000 | Common | SOLE |
| G93A7H112 | VACHW | VOYAGER ACQUISITION CORP | $42,202 | 0.00% | 183,647 | Common | SOLE |
| G3852D115 | GSHRW | GESHER ACQUISITION CORP. II | $42,000 | 0.00% | 119,999 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. I | $40,388 | 0.00% | 187,499 | Common | SOLE |
| G52258129 | KFIIR | K&F GROWTH ACQUISITION CORP | $40,000 | 0.00% | 250,000 | Common | SOLE |
| G5S87A113 | LPBBW | LAUNCH TWO ACQUISITION CORP. | $39,437 | 0.00% | 124,999 | Common | SOLE |
| G0750N112 | AXINR | AXIOM INTELLIGENCE AC CORP 1 | $36,750 | 0.00% | 175,000 | Common | SOLE |
| G6486E110 | NHICW | NEWHOLD INVT CORP III | $36,010 | 0.00% | 99,998 | Common | SOLE |
| G1993W117 | CAPNR | CAYSON ACQUISITION CORP | $34,200 | 0.00% | 150,000 | Common | SOLE |
| G52443127 | KVACW | KEEN VISION ACQUISITION CORP | $33,099 | 0.00% | 649,000 | Common | SOLE |
| G8475V111 | SVCCW | STELLAR V CAP CORP | $28,999 | 0.00% | 99,998 | Common | SOLE |
| G3037D113 | EMISR | EMMIS ACQUISITION CORP. | $26,512 | 0.00% | 175,000 | Common | SOLE |
| 44934N116 | IBACR | IB ACQUISITION CORP | $24,082 | 0.00% | 349,019 | Common | SHARED |
| 462837113 | UCFIW | CN HEALTHY FOOD TECH GROUP C | $22,169 | 0.00% | 243,606 | Common | SOLE |
| G2086N105 | CHEC | CHENGHE ACQUISITION III CO | $19,961 | 0.00% | 2,000 | Common | SOLE |
| G2946P118 | EGHAR | EGH ACQUISITION CORP. | $18,000 | 0.00% | 75,000 | Common | SOLE |
| G20315118 | ALFUW | CENTURION ACQUISITION CORP | $15,975 | 0.00% | 49,999 | Common | SHARED |
| G8316B118 | SPKLW | SPARK I ACQUISITION CORP | $14,108 | 0.00% | 44,785 | Common | SOLE |
| G1051H119 | TACOW | BERTO ACQUISITION CORP | $13,875 | 0.00% | 37,499 | Common | SOLE |
| G1148A119 | BKHAR | BLACK HAWK ACQUISITION CORP | $12,602 | 0.00% | 9,923 | Common | SHARED |
| G1069P129 | BSAAR | BEST SPAC I ACQUISITION CORP | $7,550 | 0.00% | 50,000 | Common | SOLE |
| 88165K119 | TVGNW | TEVOGEN BIO HLDGS INC | $4,220 | 0.00% | 99,994 | Common | SOLE |
| G9717M125 | WTGUU | WINTERGREEN ACQUISITION CORP | $3,324 | 0.00% | 324 | Common | SOLE |
| G9717M117 | WTGUR | WINTERGREEN ACQUISITION CORP | $487 | 0.00% | 4,058 | 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.