Whitebox Advisors 13F annual report
Whitebox Advisors is an investment fund managing more than $732 billion ran by Lisa Conrad. There are currently 85 companies in Mrs. Conrad’s portfolio. The largest investments include Liberty Broadband Corp and IAC Inc, together worth $233 billion.
$732 billion Assets Under Management (AUM)
As of 7th August 2024, Whitebox Advisors’s top holding is 3,096,258 shares of Liberty Broadband Corp currently worth over $170 billion and making up 23.2% of the portfolio value.
Relative to the number of outstanding shares of Liberty Broadband Corp, Whitebox Advisors owns more than approximately 0.1% of the company.
In addition, the fund holds 1,348,580 shares of IAC Inc worth $63.2 billion, whose value fell 6.2% in the past six months.
The third-largest holding is Triple Flag Precious Metal worth $50.1 billion and the next is Valaris Ltd worth $34.3 billion, with 461,005 shares owned.
Currently, Whitebox Advisors's portfolio is worth at least $732 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Whitebox Advisors
The Whitebox Advisors office and employees reside in Minneapolis, Minnesota. According to the last 13-F report filed with the SEC, Lisa Conrad serves as the General Counsel & Chief Compliance Officer at Whitebox Advisors.
Recent trades
In the most recent 13F filing, Whitebox Advisors revealed that it had opened a new position in
Liberty Media and bought 1,588,499 shares worth $35.2 billion.
This means they effectively own approximately 0.1% of the company.
Liberty Media makes up
16.9%
of the fund's Communication Services sector allocation and has decreased its share price by 10.2% in the past year.
The investment fund also strengthened its position in Liberty Broadband Corp by buying
1,507,710 additional shares.
This makes their stake in Liberty Broadband Corp total 3,096,258 shares worth $170 billion.
Liberty Broadband Corp dropped 31.5% in the past year.
On the other hand, there are companies that Whitebox Advisors is getting rid of from its portfolio.
Whitebox Advisors closed its position in Willis Towers Watson Plc Ltd on 14th August 2024.
It sold the previously owned 150,465 shares for $35.4 billion.
Lisa Conrad also disclosed a decreased stake in Triple Flag Precious Metal by approximately 0.1%.
This leaves the value of the investment at $50.1 billion and 3,229,659 shares.
One of the average hedge funds
The two most similar investment funds to Whitebox Advisors are Clean Transition LL.P. and Alley Investment Management. They manage $732 billion and $732 billion respectively.
Lisa Conrad investment strategy
Whitebox Advisors’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Communication Services — making up 28.4% of
the total portfolio value.
The fund focuses on investments in the United States as
20.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
13% of the total holdings value.
On the other hand, small-cap stocks make up only 1.2% of the portfolio.
The average market cap of the portfolio companies is close to $9.7 billion.
The complete list of Whitebox Advisors trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Liberty Broadband Corp |
94.91%
3,096,258
|
$169,710,871,000 | 23.17% |
| IAC Inc |
87.88%
1,348,580
|
$63,180,973,000 | 8.63% |
| Triple Flag Precious Metal |
9.47%
3,229,659
|
$50,061,163,000 | 6.83% |
| Willis Towers Watson Plc Ltd |
Closed
150,465
|
$35,434,508,000 | |
| Valaris Ltd |
17.09%
461,005
|
$34,344,873,000 | 4.69% |
| Chord Energy Corporation |
9.16%
161,284
|
$27,044,101,000 | 3.69% |
| Baxter International Inc. |
33.11%
788,039
|
$26,359,905,000 | 3.60% |
| Heico Corp. |
19.19%
148,351
|
$26,335,270,000 | 3.60% |
| Albertsons Cos Inc |
100.64%
1,276,269
|
$25,206,313,000 | 3.44% |
| Liberty Media Corp. |
Opened
1,588,499
|
$35,196,618,000 | 4.81% |
| Bausch Plus Lomb Corp |
182.12%
1,545,946
|
$22,447,136,000 | 3.06% |
| Chesapeake Energy Corp. |
Closed
255,250
|
$21,359,320,000 | |
| Brookfield Corp |
Closed
631,895
|
$21,263,267,000 | |
| Equity Comwlth |
Opened
1,059,000
|
$20,544,600,000 | 2.80% |
| Algonquin Pwr Utils Corp |
234.18%
3,157,963
|
$18,505,663,000 | 2.53% |
| Gulfport Energy Corp. |
78.86%
118,980
|
$17,965,980,000 | 2.45% |
| Noble Corp Plc |
28.06%
384,594
|
$17,172,122,000 | 2.34% |
| Grifols S A |
Opened
2,702,390
|
$17,038,569,000 | 2.33% |
| Carnival plc |
Closed
819,484
|
$13,890,254,000 | |
| Proshares Tr |
Opened
582,170
|
$13,104,647,000 | 1.79% |
| Nuveen Ca Qualty Mun Income |
Opened
1,120,372
|
$12,917,889,000 | 1.76% |
| Civitas Resources Inc |
Closed
183,236
|
$12,711,081,000 | |
| Community Health Sys Inc New |
231.86%
3,020,933
|
$10,150,335,000 | 1.39% |
| Bausch Health Cos Inc |
32.10%
1,439,886
|
$10,036,005,000 | 1.37% |
| General Mtrs Co |
57.09%
187,991
|
$8,734,062,000 | 1.19% |
| American Axle Mfg Hldgs In |
103.05%
1,025,413
|
$7,167,637,000 | 0.98% |
| National Cinemedia Inc |
Opened
1,420,867
|
$6,237,606,000 | 0.85% |
| Constellium SE |
Opened
319,361
|
$6,019,955,000 | 0.82% |
| Goodyear Tire Rubr Co |
2.75%
408,860
|
$4,640,561,000 | 0.63% |
| Activision Blizzard Inc |
Closed
54,685
|
$4,609,946,000 | |
| Seadrill 2021 Ltd |
Closed
111,637
|
$4,607,259,000 | |
| Southwest Airls Co |
Closed
122,500
|
$4,435,725,000 | |
| MBIA Inc. |
113.19%
794,431
|
$4,361,426,000 | 0.60% |
| Tenet Healthcare Corp. |
79.93%
28,402
|
$3,778,318,000 | 0.52% |
| Evergreen Corporation |
Closed
350,000
|
$3,773,000,000 | |
| Nuveen New Jersey Qult Mun F |
Opened
299,370
|
$3,655,308,000 | 0.50% |
| Global Pmts Inc |
Opened
37,000
|
$3,577,900,000 | 0.49% |
| Garrett Motion Inc |
Closed
444,478
|
$3,364,698,000 | |
| Service Pptys Tr |
2,128.07%
610,602
|
$3,138,494,000 | 0.43% |
| Black Spade Acquisition Co |
Closed
300,000
|
$3,102,000,000 | |
| Bilander Acquisition Corp |
Closed
300,000
|
$3,048,000,000 | |
| Pioneer Municipal High Incom |
Opened
598,430
|
$5,219,301,000 | 0.71% |
| Att Inc |
Opened
147,847
|
$2,825,356,000 | 0.39% |
| Organon Co |
Closed
135,343
|
$2,816,488,000 | |
| Neuberger Berman Mun Fd Inc |
Opened
249,474
|
$2,664,382,000 | 0.36% |
| Kensington Capital Acquisiti |
Closed
250,000
|
$2,640,000,000 | |
| Social Cap Suvretta Hlds Crp |
Closed
250,000
|
$2,587,500,000 | |
| Social Cap Suvretta Hlds Cp |
Closed
250,000
|
$2,587,500,000 | |
| Invesco Mun Opportunity Tr |
Opened
237,523
|
$2,394,232,000 | 0.33% |
| Global Blockchain Acqui Corp |
Closed
225,000
|
$2,349,000,000 | |
| Ryder Sys Inc |
15.57%
18,514
|
$2,293,514,000 | 0.31% |
| Clear Channel Outdoor Hldgs |
293.60%
1,621,786
|
$2,286,718,000 | 0.31% |
| Delta Air Lines, Inc. |
Closed
47,786
|
$2,271,746,000 | |
| Nordstrom, Inc. |
22.89%
104,457
|
$2,216,578,000 | 0.30% |
| Denali Capital Acquisitn Cor |
Closed
200,000
|
$2,142,040,000 | |
| Everest Consolidator Acq Cor |
Closed
200,000
|
$2,130,000,000 | |
| Aura Fat Projs Acquisition C |
Closed
200,000
|
$2,116,000,000 | |
| Avis Budget Group Inc |
Opened
20,003
|
$2,090,714,000 | 0.29% |
| The Growth For Good Acqu Cor |
Closed
200,000
|
$2,088,000,000 | |
| Nuveen Pennsylvania Qlt Mun |
Opened
159,331
|
$1,943,838,000 | 0.27% |
| Tortoiseecofin Acquisition C |
Closed
177,835
|
$1,845,910,000 | |
| Warner Bros.Discovery Inc |
134.19%
246,832
|
$1,836,430,000 | 0.25% |
| Futuretech Ii Acquisition Co |
Closed
151,600
|
$1,620,604,000 | |
| Blue Ocean Acquisition Corp |
Closed
150,000
|
$1,585,500,000 | |
| M3-Brigade Acquisition III Corp. |
Closed
150,000
|
$1,567,500,000 | |
| Gores Holdings Ix Inc |
Closed
150,000
|
$1,537,500,000 | |
| Bny Mellon Mun Income Inc |
Opened
210,519
|
$1,513,632,000 | 0.21% |
| Iron Horse Acquisitions Corp |
Opened
150,000
|
$1,509,000,000 | 0.21% |
| Blackrock Munihldgs Ny Qlty |
Opened
139,973
|
$1,506,109,000 | 0.21% |
| Mercer International Inc. |
94.67%
174,014
|
$1,486,080,000 | 0.20% |
| Invesco Pa Value Mun Inc Tr |
Opened
127,118
|
$1,380,501,000 | 0.19% |
| Elliott Opportunity Ii Corp |
Closed
130,650
|
$1,353,534,000 | |
| Invesco Tr Invt Grade New Yo |
Opened
120,354
|
$1,352,779,000 | 0.18% |
| Pioneer Mun High Income Oppo |
Opened
114,612
|
$1,335,230,000 | 0.18% |
| Western Asset Inter Muni Fd |
Opened
169,444
|
$1,331,830,000 | 0.18% |
| Keyarch Acquisition Corp |
Closed
125,000
|
$1,307,500,000 | |
| Paramount Global |
33.43%
123,723
|
$1,285,482,000 | 0.18% |
| Black Hawk Acquisition Corp |
Opened
125,000
|
$1,267,500,000 | 0.17% |
| Bny Mellon Mun Bd Infrastruc |
Opened
119,641
|
$1,265,802,000 | 0.17% |
| Xpac Acquisition Corp |
Closed
121,447
|
$1,258,191,000 | |
| Granite Constr Inc |
Opened
20,200
|
$1,251,794,000 | 0.17% |
| Kohls Corp |
3.65%
52,770
|
$1,213,182,000 | 0.17% |
| Alliancebernstein Natl Mun I |
Opened
107,050
|
$1,189,326,000 | 0.16% |
| Federated Hermes Prem Muni I |
Opened
95,981
|
$1,097,063,000 | 0.15% |
| Dt Cloud Acquisition Corp |
Opened
107,306
|
$1,094,521,000 | 0.15% |
| Forbion European Acqustn Cor |
Closed
100,000
|
$1,073,000,000 | |
| Rigel Resource Acq Corp |
Closed
100,000
|
$1,072,000,000 | |
| Cartesian Growth Corp Ii |
Closed
100,000
|
$1,067,000,000 | |
| Fg Merger Corp |
Closed
100,000
|
$1,059,000,000 | |
| Heartland Media Acquisition |
Closed
100,000
|
$1,054,000,000 | |
| Enphys Acquisition Corp. |
Closed
100,000
|
$1,039,000,000 | |
| Ftac Emerald Acquisition Cor |
Closed
100,000
|
$1,035,000,000 | |
| Distoken Acquisition Corp |
Closed
100,000
|
$1,032,000,000 | |
| PBF Energy Inc |
Closed
24,977
|
$1,022,558,000 | |
| Ovintiv Inc |
23.46%
21,550
|
$1,010,049,000 | 0.14% |
| Bny Mellon Strategic Mun Bd |
Opened
165,808
|
$984,900,000 | 0.13% |
| Blackrock Muniholdings Quali |
Opened
95,290
|
$971,958,000 | 0.13% |
| Ballys Corporation |
Opened
79,639
|
$953,279,000 | 0.13% |
| Colombier Acquisition Corp |
Closed
87,832
|
$902,035,000 | |
| American Airls Group Inc |
Opened
79,245
|
$897,846,000 | 0.12% |
| Sirius XM Holdings Inc |
Opened
286,674
|
$811,287,000 | 0.11% |
| Blackrock N Y Mun Income Tru |
Opened
75,433
|
$807,887,000 | 0.11% |
| Vodafone Group plc |
136.48%
90,585
|
$803,489,000 | 0.11% |
| Keen Vision Acquisition Corp |
Opened
75,000
|
$793,575,000 | 0.11% |
| Jaguar Global Growth Corp I |
Closed
75,000
|
$793,500,000 | |
| Infinite Acquisition Corp. |
Closed
75,000
|
$792,750,000 | |
| Monterey Cap Acquisition Cor |
Closed
75,000
|
$783,750,000 | |
| Lucid Group, Inc. |
Opened
300,000
|
$783,000,000 | 0.11% |
| Alpha Partners Tech Mergr Co |
Closed
75,000
|
$777,750,000 | |
| Live Oak Crestview Climate A |
Closed
75,600
|
$774,900,000 | |
| Healthwell Acquisition Corp |
Closed
75,000
|
$771,000,000 | |
| Electra Battery Materials Co |
Opened
1,759,703
|
$758,548,000 | 0.10% |
| Oak Woods Acquisition Corp |
Opened
68,000
|
$739,840,000 | 0.10% |
| WestRock Co |
Closed
25,000
|
$726,750,000 | |
| Ftac Zeus Acquisition Cor |
Closed
65,000
|
$677,625,000 | |
| Dws Mun Income Tr New |
Opened
63,001
|
$596,619,000 | 0.08% |
| Nextnav Inc |
Opened
71,999
|
$583,912,000 | 0.08% |
| AP Acquisition Corp |
Closed
50,000
|
$538,000,000 | |
| Andretti Acquisition Corp. |
Closed
50,000
|
$532,000,000 | |
| KnightSwan Acquisition Corp |
Closed
50,000
|
$528,500,000 | |
| Haymaker Acquisition Corp Iv |
Opened
50,000
|
$525,500,000 | 0.07% |
| SDCL EDGE Acquisition Corp |
Closed
50,000
|
$521,750,000 | |
| AltC Acquisition Corp. |
Closed
50,000
|
$521,500,000 | |
| Silverspac Inc |
Closed
50,000
|
$519,250,000 | |
| Project Energy Reimagined Ac |
Closed
50,000
|
$518,000,000 | |
| Spirit Airls Inc |
Opened
140,000
|
$512,400,000 | 0.07% |
| Blue Whale Acquisition Corp |
Closed
50,000
|
$508,000,000 | |
| Tapestry Inc |
Opened
11,770
|
$503,638,000 | 0.07% |
| Anywhere Real Estate Inc |
81.19%
150,000
|
$496,500,000 | 0.07% |
| Urgently Inc |
Opened
278,189
|
$478,485,000 | 0.07% |
| Consilium Acquisitn Corp I L |
Closed
45,000
|
$472,050,000 | |
| Norwegian Cruise Line Hldg L |
Closed
20,080
|
$437,142,000 | |
| Vahanna Tech Edge Acqstn I C |
Closed
40,000
|
$425,200,000 | |
| Nuveen Arizona Qlty Mun Inc |
Opened
36,276
|
$404,840,000 | 0.06% |
| Mfs High Income Mun Tr |
Opened
106,150
|
$393,817,000 | 0.05% |
| Mfs Invt Grade Mun Tr |
Opened
48,661
|
$384,422,000 | 0.05% |
| 99 Acquisition Group Inc |
Opened
35,000
|
$367,549,000 | 0.05% |
| Screaming Eagle Acquisitn Co |
Closed
35,000
|
$361,200,000 | |
| Dws Strategic Mun Income Tr |
Opened
34,777
|
$342,901,000 | 0.05% |
| Office Pptys Income Tr |
Opened
157,646
|
$321,598,000 | 0.04% |
| Quetta Acquisition Corp |
Opened
30,000
|
$310,500,000 | 0.04% |
| Axonprime Infrstctr Aqstn Co |
Closed
30,000
|
$308,400,000 | |
| Investcorp India Acquistn Co |
Closed
25,000
|
$267,500,000 | |
| Ai Transn Acquisition Corp |
Opened
20,000
|
$207,066,000 | 0.03% |
| Nuveen Missouri Qlt Mun Inc |
Opened
11,831
|
$122,451,000 | 0.02% |
| Gold Royalty Corp |
Opened
49,300
|
$69,513,000 | 0.01% |
| Polestar Automotive Hldg Uk |
No change
75,000
|
$10,500,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 147 holdings | |||
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