DaveManuel.com · Institutional Ownership · 13F Holdings

BERKLEY W R CORP

Reported holdings as of Q2 2026, from 34 quarterly filings.

CIK

11544

Reported value

$2.2B

Positions

339

Top 10 weight

43.6%

Filed

2026-08-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ENTERPRISE PRODS PARTNERS L	EPD	$250.9M	6,825,000	11.53%	-2.34pp	20q	HELD
ENERGY TRANSFER L P	ET	$157.7M	8,250,000	7.25%	-1.30pp	20q	HELD
MICROSOFT CORP PUT	MSFT	$111.5M	149,400	5.12%	-	new	NEW
KINDER MORGAN INC DEL	KMI	$90.7M	2,837,206	4.17%	-0.94pp	23q	HELD
PLAINS ALL AMERN PIPELINE L	PAA	$70.9M	3,184,307	3.26%	+0.04pp	4q	+18.6%+$11.1M
ON SEMICONDUCTOR CORP	ON	$69.1M	731,118	3.18%	+0.74pp	17q	HELD
WESTERN MIDSTREAM PARTNERS L	WES	$55.4M	1,266,970	2.55%	-0.25pp	4q	HELD
NVIDIA CORPORATION PUT	NVDA	$49.9M	124,800	2.30%	-	new	NEW
TAIWAN SEMICONDUCTOR MANUFAC PUT	TSM	$47.5M	49,700	2.18%	-	new	NEW
PROGRESSIVE CORP	PGR	$45.3M	207,589	2.08%	-0.13pp	3q	HELD
TESLA INC PUT	TSLA	$42.1M	50,000	1.93%	-	new	NEW
AGRICULTURE & NAT SOL ACQ CO	ANSC	$37.1M	3,265,181	1.70%	+0.11pp	8q	+24.3%+$7.2M
ROMAN DBDR ACQUISITION CORP	DRDB	$24.0M	2,276,587	1.10%	+0.09pp	6q	+26.4%+$5.0M
AMAZON COM INC PUT	AMZN	$23.8M	50,000	1.10%	-	new	NEW
PFIZER INC	PFE	$23.3M	965,537	1.07%	-	new	NEW
GLOBAL INDEMNITY GROUP LLC	GBLI	$23.0M	919,661	1.06%	-0.29pp	18q	HELD
INFLECTION PT ACQUISITION CO	IPCX	$22.8M	2,211,677	1.05%	+0.08pp	5q	+25.0%+$4.6M
SILVERBOX CORP IV	SBXDF	$20.9M	1,930,127	0.96%	+0.09pp	7q	+27.4%+$4.5M
EQV VENTURES AC CORP. II O	EVAC	$19.1M	1,880,883	0.88%	-0.12pp	4q	+1.6%+$299.4K
LAUNCH ONE ACQUISITION CORP	LPAA	$18.2M	1,675,043	0.84%	-0.02pp	8q	+12.6%+$2.0M
KOCHAV DEFENSE ACQUI CO	KCHV	$17.5M	1,690,352	0.81%	-0.13pp	4q	HELD
YORKVILLE ACQUISITION CORP.	MCGA	$16.8M	1,645,570	0.77%	-0.12pp	4q	HELD
GLOBA TERRA ACQUISITION COR	GTERA	$16.1M	1,561,028	0.74%	+0.16pp	4q	+47.0%+$5.1M
M3BRIGADE ACQUISITION V CORP CL A	VLOS	$15.5M	1,429,725	0.71%	+0.16pp	8q	+48.4%+$5.0M
CANTOR EQUITY PARTNERS I INC	CEPO	$15.4M	1,444,647	0.71%	+0.02pp	6q	+18.2%+$2.4M
ST JOE CO	JOE	$13.1M	209,542	0.60%	-0.10pp	7q	HELD
GIGCAPITAL8 CORP O	GIW	$13.0M	1,289,470	0.60%	-0.09pp	3q	HELD
BERTO ACQUISITION CORP	TACO	$12.9M	1,225,999	0.59%	-0.41pp	5q	-32.7%-$6.3M
ARMADA ACQUISITION CORP II COM CL A	XRPN	$12.9M	1,233,735	0.59%	-0.09pp	5q	HELD
CROWN RESV ACQUISITION CORP	CRAC	$12.3M	1,217,433	0.57%	+0.32pp	3q	+169.5%+$7.7M
FACT II ACQUISITION CORP ORD SHS CL A	FACT	$12.3M	1,153,140	0.56%	+0.38pp	7q	+254.3%+$8.8M
NEW PROVID	NPAC	$12.2M	1,179,542	0.56%	+0.21pp	5q	+82.8%+$5.5M
K&F GROWTH ACQUISITION CORP	KFII	$11.9M	1,124,156	0.55%	-0.06pp	6q	+4.6%+$520.6K
HENNESSY CAP INVT CORP VII	HVII	$11.5M	1,101,473	0.53%	+0.12pp	6q	+51.2%+$3.9M
QUARTZSEAACQUISITIONCORP	QSEA	$11.5M	1,094,190	0.53%	+0.30pp	5q	+169.8%+$7.2M
COPLEYACQUISITIONCORP	COPL	$11.3M	1,084,469	0.52%	-0.05pp	5q	+5.5%+$592.9K
INFLECTION POINT ACQU CORP V	IPEX	$11.1M	1,060,952	0.51%	-0.04pp	6q	+8.1%+$838.5K
JACKSON ACQUISITION CO II COM SHS CL A	JACS	$9.9M	927,836	0.45%	+0.21pp	6q	+115.6%+$5.3M
FG IMPERII ACQUISITION CORP	FGII	$9.9M	992,100	0.45%	-0.07pp	2q	HELD
CHARLTONARIAACQUISITIONCO	CHAR	$9.5M	878,975	0.44%	-0.06pp	7q	HELD
Xsolla SPAC 1	XSLL	$9.1M	920,190	0.42%	-0.07pp	2q	HELD
LAUNCH TWO ACQUISITION CORP.	LPBB	$9.1M	847,934	0.42%	-0.05pp	7q	+3.8%+$334.6K
QUANTUMSPHERE ACQUISITION CO	QUMS	$9.0M	881,402	0.41%	+0.14pp	3q	+73.3%+$3.8M
RF ACQUISITION CORP II	RFAI	$9.0M	814,851	0.41%	-0.04pp	8q	+6.3%+$533.7K
SOULPOWER	SOUL	$9.0M	866,764	0.41%	-0.06pp	5q	HELD
AMERICAN EXCEPTIONALISM ACQU	AEXA	$8.8M	747,779	0.41%	+0.16pp	4q	+77.6%+$3.9M
GigCapital9 Corp	GIX	$8.8M	882,431	0.40%	-0.06pp	2q	HELD
SIZZLE ACQUISITION CORP. II	SZZL	$8.7M	843,448	0.40%	+0.18pp	5q	+112.6%+$4.6M
MELAR ACQUISITION CORP. I SHS CL A	MACI	$8.7M	795,916	0.40%	-0.18pp	8q	-20.3%-$2.2M
SIDDHI ACQUISITION CORP C	SDHI	$8.6M	826,986	0.40%	+0.13pp	5q	+74.6%+$3.7M
PLUM ACQUISITION CORP IV	PLMK	$8.6M	805,592	0.39%	-0.06pp	6q	HELD
DYNAMIX CORP SHS CL A	DYNC	$8.4M	775,489	0.38%	-0.06pp	6q	-1.9%-$162.0K
DIGITAL ASSET ACQUISITION CO	DAAQ	$8.2M	792,787	0.38%	-0.04pp	2q	+4.1%+$326.5K
CANTOR EQUITY PARTNERS V INC	CEPV	$8.2M	792,962	0.38%	-0.05pp	3q	HELD
Titan Acquisition Corp	TACH	$8.1M	778,984	0.37%	+0.10pp	5q	+56.9%+$2.9M
Praetorian Acquisition Corp	PTOR	$7.9M	795,690	0.36%	-0.06pp	2q	HELD
SPACSphere Acquisition Corp	SSAC	$7.7M	768,983	0.35%	+0.05pp	2q	+34.1%+$2.0M
BLUE WTR ACQUISITION CORP. I ORD SH	BLUW	$7.5M	731,506	0.35%	-0.06pp	4q	HELD
ANDRETTI ACQUISITION CORP II	POLE	$7.3M	683,233	0.34%	+0.07pp	7q	+47.7%+$2.4M
PROCAP ACQUISITION CORP	PCAP	$7.2M	700,182	0.33%	+0.10pp	4q	+63.7%+$2.8M
LAKESHORE ACQUISITION III CO	LCCC	$7.2M	687,425	0.33%	+0.16pp	5q	+121.2%+$3.9M
DUNEACQUISITIONCORPII	CCAQ	$7.1M	683,778	0.33%	-0.03pp	5q	+5.4%+$363.2K
VERIZON COMMUNICATIONS INC	VZ	$6.7M	157,666	0.31%	-0.12pp	31q	HELD
CHENGHE ACQUISITION III CO	CHEC	$6.5M	643,849	0.30%	-0.01pp	3q	+12.8%+$744.1K
LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00	ZKP	$6.5M	646,456	0.30%	-0.05pp	2q	HELD
TAVIA ACQUISITION CORP SHS	TAVI	$6.0M	548,331	0.28%	+0.15pp	7q	+152.8%+$3.6M
K2 CAP ACQUISITION CORP	KTWO	$5.9M	596,880	0.27%	-0.04pp	2q	HELD
XFLH Capital Corp	XFLH	$5.7M	571,683	0.26%	-0.04pp	2q	HELD
OCEAN CAP ACQUISITION CORP	OCACU	$5.7M	556,013	0.26%	-	new	NEW
ALDEL FINL II INC CL A	ALDF	$5.6M	523,423	0.26%	-0.01pp	7q	+10.3%+$520.5K
BREEZE ACQ CRP II; TNT ACQ DT: 5/13/2027; CASH: $10.03	BREZ	$5.5M	557,070	0.25%	-	new	NEW
CAYSON ACQUISITION CORP	CAPN	$5.5M	497,282	0.25%	-0.04pp	7q	HELD
BOLD EAGLE ACQUISITION CORP CL A	BEAG	$5.4M	508,724	0.25%	-0.04pp	7q	HELD
COHEN CIRC	CCII	$5.4M	525,621	0.25%	-0.04pp	4q	HELD
GP-ACT III ACQUISITION CORP	GPAT	$5.4M	497,064	0.25%	-0.24pp	8q	-41.3%-$3.8M
SUMA ACQUISITION CORP	SUMA	$5.4M	546,810	0.25%	-	new	NEW
FUTURE MONEY ACQUISITION COR	FMAC	$5.4M	540,732	0.25%	-	new	NEW
Thayer Ventures Acquisition Corp II	TVAI	$5.4M	518,020	0.25%	-0.01pp	4q	+11.8%+$564.9K
RANGE CAP ACQUISITION CORP	RANG	$5.3M	497,293	0.24%	-0.08pp	6q	-13.8%-$852.1K
GENERAL PURPOSE ACQ CRP; TNT ACQ DT: 12/04/2027; CASH: $10.00	GPAC	$5.2M	518,564	0.24%	-0.04pp	2q	HELD
GORES HLDGS X INC	GTEN	$5.1M	492,370	0.24%	-0.03pp	5q	HELD
FLAGSHIPACQUISITIONCORP	FSHP	$5.0M	449,489	0.23%	-0.03pp	8q	+3.5%+$167.3K
Quantum Leap Acquisition Corp	QLEP	$4.9M	496,600	0.23%	-	new	NEW
CLEARTHINK 1 ACQUISITION COR	CTAA	$4.9M	497,000	0.23%	-	new	NEW
OYSTER ENTERPRISES II ACQUIS ORD SH	OYSE	$4.9M	475,872	0.23%	-0.03pp	4q	HELD
NMP Acquisition Corp	NMP	$4.8M	470,664	0.22%	-0.02pp	4q	+5.7%+$260.2K
WINTERGREEN ACQUISITION CORP	WTG	$4.8M	460,136	0.22%	-0.02pp	4q	+7.7%+$343.8K
Oceanhawk Acquisition Corp	OHAC	$4.7M	472,530	0.22%	-	new	NEW
TGE VALUE CREATIVE SOLUTIONS	BEBE	$4.5M	447,006	0.20%	-0.03pp	2q	HELD
MOUNTAIN LAKE ACQUISIT CORP	MLAA	$4.4M	447,794	0.20%	-0.03pp	2q	HELD
Aldabra 4 Liquidity Opportunity Vehicle Inc	ALOV	$4.4M	446,445	0.20%	-0.03pp	2q	HELD
Shreya Acquisition Group	SAGU	$4.4M	447,352	0.20%	-	new	NEW
UYSCUTIACQUISITIONCORP.	UYSC	$4.4M	407,586	0.20%	-0.03pp	5q	HELD
OXLEY BRID	OBA	$4.3M	424,660	0.20%	-0.03pp	4q	HELD
SILVER PEG	SPEG	$4.3M	415,865	0.20%	-0.03pp	4q	HELD
RENATUS TACTICAL ACQUIS SHS CL A	RTAC	$4.2M	403,883	0.19%	-0.03pp	5q	HELD
EGH ACQUISITION CORP.	EGHA	$4.2M	409,369	0.19%	+0.14pp	4q	+282.5%+$3.1M
CAMBRIDGE ACQUISITION CORP	CAQ	$4.2M	424,998	0.19%	-0.03pp	2q	HELD
UNITED ACQUISITION CORP I	UAC	$4.2M	422,792	0.19%	-0.03pp	2q	HELD
ARTIUS II ACQUISITION INC	AACB	$4.2M	396,960	0.19%	-0.03pp	5q	HELD
SC ACQ CRP II; TNT ACQ DT: 5/25/2027; CASH: $10.00	SCII	$4.1M	412,893	0.19%	-0.03pp	2q	HELD
CSLM DIGIT	KOYN	$4.0M	396,106	0.18%	-0.03pp	4q	HELD
HCM III ACQUISITION CORP O	HCMA	$4.0M	388,407	0.18%	-0.03pp	4q	HELD
JAB ACQUISITION CORP I	JABRU	$4.0M	397,720	0.18%	-	new	NEW
AA MISSION ACQUISITION CORP O	YCY	$4.0M	392,235	0.18%	-0.03pp	3q	HELD
D BORAL ACQUISITION I CORP	DBCA	$4.0M	397,720	0.18%	-0.03pp	2q	HELD
Proem Acquisition Corp I	PAAC	$4.0M	397,720	0.18%	-	new	NEW
TRG Latin America Acquisitions Corp	TRGS	$3.9M	397,600	0.18%	-	new	NEW
STELLAR V	SVCC	$3.9M	371,377	0.18%	+0.03pp	6q	+43.8%+$1.2M
BLACKHAWKACQUISITIONCORP	BKHA	$3.9M	314,797	0.18%	-0.01pp	8q	+1.8%+$70.0K
GSR V ACQUISITION CORP	GSRVU	$3.9M	387,193	0.18%	-	new	NEW
GALATA ACQ	LATA	$3.8M	371,961	0.17%	-0.03pp	3q	HELD
YHN ACQUISITION I LTD	YHNA	$3.7M	335,896	0.17%	-0.03pp	7q	HELD
EUREKAACQUISITIONCORP	EURK	$3.6M	315,488	0.17%	-0.03pp	8q	HELD
ACTIVATE ENERGY ACQUISIT COR	AEAQ	$3.5M	347,036	0.16%	-0.02pp	2q	HELD
TRANSLATIONAL DEV ACQUISITIO	TDAC	$3.4M	322,658	0.16%	flat	6q	+18.2%+$531.4K
HIGHVIEW MERGER CORP O	HVMC	$3.4M	333,856	0.16%	-0.02pp	3q	HELD
AI INFRASTRUCTURE ACQUISI	AIIA	$3.4M	330,314	0.16%	-0.02pp	3q	HELD
RF ACQUISITION CORP III	RFAM	$3.3M	333,057	0.15%	-0.02pp	2q	HELD
ILLUMINATION ACQUISITIO CORP	ILLU	$3.2M	323,049	0.15%	-	new	NEW
EMMIS ACQUISITION CORP.	EMIS	$3.1M	309,478	0.14%	-0.02pp	3q	HELD
RIBBON ACQUISITION CORP	RIBB	$3.1M	297,592	0.14%	-0.02pp	6q	HELD
RITHM ACQUISITION CORP	RAC	$3.1M	298,200	0.14%	-0.02pp	5q	HELD
REPUBLIC DIGITAL ACQUISITION	RDAG	$3.1M	297,570	0.14%	-0.02pp	5q	HELD
COLOMBIER ACQUISITION CORP I	CLBR	$3.1M	298,440	0.14%	-0.02pp	2q	HELD
GSR IV ACQUISITION CORP C	GSRF	$3.0M	297,598	0.14%	-0.02pp	3q	HELD
FUTURECREST ACQUISITION CORP CL A O	FCRS	$3.0M	291,974	0.14%	-0.02pp	3q	HELD
COLUMBUS ACQUISITION CORP	COLA	$3.0M	282,122	0.14%	flat	6q	+12.7%+$339.3K
INDIGO ACQ	INAC	$3.0M	293,030	0.14%	+0.06pp	4q	+96.9%+$1.5M
Kensington Cap Acquisition Unit 99/99/9999	KCAU	$3.0M	298,232	0.14%	-	new	NEW
RANGE CAP ACQUISITION CORP I CL A O	RNGT	$3.0M	297,620	0.14%	-0.02pp	3q	HELD
PONO CAP FOUR INC	PONO	$3.0M	298,260	0.14%	-	new	NEW
HENNESSY CAP INVTS CORP VIII	HCIC	$3.0M	298,440	0.14%	-0.02pp	2q	HELD
CALISA ACQUISITION CORP	ALIS	$2.9M	290,563	0.14%	+0.03pp	3q	+47.7%+$952.5K
CH4 NATURAL SOLUTIONS CORP	MTNE	$2.9M	297,960	0.13%	-	new	NEW
FIFTH ERA ACQUISITION CORP I ORD SH	FERA	$2.9M	281,174	0.13%	+0.02pp	5q	+40.9%+$850.6K
ARC Group Acquisition I Corp	ARCL	$2.8M	285,833	0.13%	-	new	NEW
RMG ML SPORTS HOLDINGS	SHOTU	$2.7M	273,433	0.13%	-	new	NEW
BLACK SPADE ACQUISITION III	BIII	$2.7M	273,849	0.13%	-0.02pp	2q	HELD
Infinite Eagle Acquisition Corp	IEAG	$2.7M	265,211	0.12%	-0.02pp	2q	HELD
WEN ACQUISITION CORP	WENN	$2.7M	259,931	0.12%	-0.02pp	4q	HELD
TRAILBLAZER ACQUISITION CORP ORD SH	BLZR	$2.6M	261,006	0.12%	-0.02pp	3q	HELD
PANTAGES CAPITAL ACQUISITION	PGAC	$2.6M	248,616	0.12%	-0.37pp	6q	-71.6%-$6.6M
BTC DEV CORP O	BDCI	$2.6M	260,103	0.12%	-0.02pp	3q	HELD
Iron Dome Acquisition I Corp Unit 02/27/2031	IDACU	$2.6M	256,800	0.12%	-	new	NEW
JENA ACQUI	JENA	$2.6M	247,850	0.12%	-0.02pp	4q	HELD
SPRING VY ACQUISITION CORP I	SVIV	$2.5M	250,000	0.12%	-0.02pp	2q	HELD
LIGHTWAVE	LWAC	$2.5M	248,050	0.12%	-0.02pp	4q	HELD
Gores Holdings Xi Inc Unit 06/24/2031	GHXIU	$2.5M	248,552	0.12%	-	new	NEW
CRANE HBR ACQUISITION CORP I	CRAN	$2.5M	247,775	0.12%	-0.02pp	2q	HELD
Willow Lane Acquisition Corp II	WLII	$2.5M	245,700	0.12%	-	new	NEW
WHITE PEARL ACQUISITION CORP	WPAC	$2.5M	248,700	0.11%	-0.02pp	2q	HELD
Iron Horse Acquisition II Corp	IRHO	$2.5M	247,850	0.11%	-0.02pp	2q	HELD
AMPERCAP ACQUISITION CO	APMCU	$2.5M	247,605	0.11%	-	new	NEW
ARCHIMEDES TECH SPAC PTNRS I	ARCI	$2.5M	248,000	0.11%	-0.02pp	2q	HELD
MESHFLOW ACQUISITION CORP	MESH	$2.5M	247,899	0.11%	-0.02pp	2q	HELD
X3 Acquisition Corp Ltd	XCBE	$2.5M	248,026	0.11%	-0.02pp	2q	HELD
APEX TECH ACQ CRP; TNT ACQ DT: 5/26/2027; CASH: $10.00	TRAD	$2.5M	248,500	0.11%	-	new	NEW
GALAXYEDGE ACQUISITION CORP	GLED	$2.5M	248,525	0.11%	-	new	NEW
MUZERO ACQUISITION CORP	MUZE	$2.5M	248,700	0.11%	-0.02pp	2q	HELD
M EVO GBL ACQUISITION CORP I	MEVO	$2.5M	248,700	0.11%	-0.02pp	2q	HELD
MOUNTAIN CREST ACQ CRP VI; TNT ACQ DT: 4/30/2027; CASH: $10.00	MCAH	$2.5M	248,540	0.11%	-	new	NEW
ART TECHNOLOGY ACQ CRP; TNT ACQ DT: 4/6/2028; CASH: $10.00	ARTC	$2.5M	247,924	0.11%	-0.02pp	2q	HELD
M3-BRIGADE ACQUISITION VI CO ORD SH	MBVI	$2.5M	242,244	0.11%	-0.02pp	3q	HELD
LEGATO MERGER CORP IV	LEGO	$2.4M	244,881	0.11%	-0.02pp	2q	HELD
GRAF GLOBAL CORP	TONT	$2.4M	223,937	0.11%	-0.06pp	8q	-26.1%-$857.5K
OAKTREE AC	OACC	$2.4M	223,645	0.11%	-0.02pp	6q	HELD
HELIX ACQUISITION CORP III	HLXC	$2.4M	223,830	0.11%	-0.01pp	2q	HELD
BITCOIN IN	BIXI	$2.3M	228,781	0.11%	-0.02pp	3q	HELD
APERTURE AC	APUR	$2.3M	228,779	0.10%	-	new	NEW
CARTESIAN GROWTH CORP IV	CGCFU	$2.2M	225,000	0.10%	-	new	NEW
CHAMPIONSGATE ACQUISITION CO	CHPG	$2.2M	209,151	0.10%	-0.02pp	5q	HELD
LIONHEART HOLDINGS SHS CL A	CUB	$2.1M	198,776	0.10%	-0.43pp	8q	-78.3%-$7.7M
VIKING ACQUISITION CORP I O	VACI	$2.1M	208,034	0.10%	-0.04pp	3q	-16.1%-$407.2K
GESHER ACQ	GSHR	$2.1M	203,379	0.10%	+0.01pp	5q	+24.2%+$413.6K
STARRY SEA ACQUISITION CORP	SSEA	$2.1M	203,371	0.10%	+0.01pp	3q	+23.0%+$389.3K
CANTOR EQU	CEPF	$2.1M	198,840	0.10%	-0.01pp	4q	HELD
DT CLOUD STAR ACQUISITION CO	DTSQ	$2.0M	179,837	0.09%	+0.01pp	6q	+35.7%+$533.0K
DAEDALUS SPL ACQUISITION COR	DSAC	$2.0M	198,320	0.09%	-0.01pp	2q	HELD
BURTECH ACQUISITION CORP II	BRKHU	$2.0M	198,940	0.09%	-	new	NEW
DISCIPLINED GROWTH	DGACU	$2.0M	198,760	0.09%	-	new	NEW
SAFEGUARD ACQUISITION CORP	SAC	$2.0M	198,260	0.09%	-0.01pp	2q	HELD
Spartacus Acquisition Corp II	TMTS	$2.0M	198,858	0.09%	-	new	NEW
KRAKACQUISITION CORPORATION	KRAQ	$2.0M	198,960	0.09%	-0.01pp	2q	HELD
IRIS ACQUISITION CORP II	IRAB	$2.0M	198,960	0.09%	-0.01pp	2q	HELD
TEXAS VENTURES ACQUISITION I	TVIVU	$2.0M	198,840	0.09%	-	new	NEW
VINE HILL CAP INVTS CORP II	VHCP	$2.0M	198,339	0.09%	-0.01pp	2q	HELD
ARMADA ACQUISITION CORP III ORD SHS CL A	AACI	$2.0M	198,800	0.09%	-0.01pp	2q	HELD
ITHAX ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	ITHA	$2.0M	198,200	0.09%	-0.01pp	2q	HELD
ACP Holdings Acquisition Corp	ACGC	$2.0M	198,860	0.09%	-	new	NEW
PLUTONIAN ACQUISITION CORP I	PLUN	$2.0M	198,610	0.09%	-	new	NEW
IRENIC ACQUISITION CORP	IACQ	$2.0M	197,739	0.09%	-	new	NEW
COLLECTIVE ACQ CRP II; TNT ACQ DT: 10/29/2027; CASH: $10.05	CAII	$2.0M	198,920	0.09%	-	new	NEW
AXIOM INTELLIGENCE AC CORP 1 ORD SH	AXIN	$2.0M	189,997	0.09%	-0.02pp	4q	-4.2%-$85.9K
BLUEPORT ACQUISITION LTD	BPAC	$1.9M	192,279	0.09%	+0.04pp	2q	+93.3%+$939.8K
AEON ACQUISITION I CORP	AESPU	$1.9M	188,860	0.09%	-	new	NEW
BAYVIEW ACQUISITION CORP	BAYA	$1.8M	149,584	0.08%	-0.01pp	10q	HELD
OTG Acquisition Corp I	OTGA	$1.8M	173,740	0.08%	-0.01pp	3q	HELD
COLUMBUS CIRCLE CAP CORP II	IPXG	$1.8M	173,975	0.08%	-0.02pp	2q	-12.5%-$252.1K
MILUNA ACQUISITION CORP	MMTX	$1.7M	171,150	0.08%	-0.01pp	3q	HELD
MAYWOOD ACQ CRP II; TNT ACQ DT: 7/14/2027; CASH: $10.00	MYX	$1.7M	174,090	0.08%	-	new	NEW
NEWBURY STR II ACQUISITION COR ORD SHS CL A	NTWO	$1.7M	156,170	0.08%	+0.02pp	7q	+56.2%+$597.1K
ABONY ACQUISITION CORP I	AACO	$1.6M	160,095	0.07%	-	new	NEW
PERIMETER ACQUISITION CORP I COM C	PMTR	$1.5M	148,830	0.07%	-0.01pp	5q	HELD
BAIN CAP GSS INVT CORP	BCSS	$1.5M	149,955	0.07%	-0.01pp	3q	HELD
Pioneer Acquisition I Corp	PACH	$1.5M	148,726	0.07%	-0.01pp	4q	HELD
Futurecorp Space Acquisition Unit 99/99/9999	FTRAU	$1.5M	149,100	0.07%	-	new	NEW
HALL CHADWICK ACQUISITION CO	HCAC	$1.5M	149,895	0.07%	-0.01pp	2q	+0.8%+$12.0K
Cantor Equity Partners VII Inc	CAES	$1.5M	149,130	0.07%	-	new	NEW
LAFAYETTE	LAFA	$1.5M	148,800	0.07%	-0.01pp	3q	HELD
Tailwind 2.0 Acquisition Corp	TDWD	$1.5M	149,040	0.07%	-0.01pp	3q	HELD
EVOLUTION GLOBAL ACQUISITION	EVOX	$1.5M	149,026	0.07%	-0.01pp	3q	HELD
DYNAMIX CORP III	DNMX	$1.5M	148,786	0.07%	-0.01pp	3q	HELD
LEAPFROG ACQUISITION CORP	LFAC	$1.5M	148,710	0.07%	-0.01pp	2q	HELD
WEST ENCLAVE MERGER CORP	WENC	$1.5M	149,130	0.07%	-	new	NEW
BLUE WTR ACQUISITION CORP IV	BWIV	$1.5M	149,160	0.07%	-	new	NEW
PATRIOT ACQUISITION CORP	PTACU	$1.4M	142,684	0.07%	-	new	NEW
NEWHOLD INVT CORP III	NHIC	$1.3M	123,307	0.06%	-0.04pp	5q	-29.1%-$551.5K
ALPEX ACQUISITION CORP	ALPXU	$1.3M	125,000	0.06%	-	new	NEW
Silicon Valley Acquisition Corp	SVAQ	$1.3M	124,026	0.06%	-0.01pp	2q	HELD
ALUSSA ENERGY ACQUISIT CORP	ALUB	$1.2M	124,086	0.06%	-0.01pp	2q	HELD
LONG TABLE GROWTH CORP	LTGRU	$1.2M	124,250	0.06%	-	new	NEW
Social Commerce Partners Corp	SCPQ	$1.2M	124,026	0.06%	-0.01pp	2q	HELD
KEEN VISION ACQUISITION CORP	KVAC	$1.2M	100,177	0.06%	-0.01pp	12q	HELD
APOGEE ACQ CRP; TNT ACQ DT: 7/07/2027; CASH: $10.05	AACP	$1.2M	124,288	0.06%	-	new	NEW
WESTIN ACQUISITION CORP	WSTN	$1.2M	119,076	0.06%	-0.01pp	2q	HELD
FIGX CAP A	FIGX	$1.2M	114,092	0.05%	-0.01pp	4q	HELD
StoneBridge Acquisition II Corp	APAC	$1.2M	113,358	0.05%	-0.01pp	3q	HELD
CHURCHILL CAPITAL CORP IX	CCIX	$1.1M	104,360	0.05%	-0.99pp	6q	-94.2%-$18.6M
IDEA ACQUISITION CORP	IACO	$1.0M	104,613	0.05%	-	new	NEW
CANTOR EQUITY PARTNERS VI IN	CEPS	$1.0M	99,480	0.05%	-0.01pp	2q	HELD
Solarius Capital Acquisition Corp	SOCA	$1.0M	99,230	0.05%	-0.01pp	4q	HELD
SPACE ASSET ACQUISITION CORP	SAAQ	$1.0M	99,480	0.05%	-0.01pp	2q	HELD
FUTUREWAVE ACQUISITION CORP	FWACU	$1.0M	100,000	0.05%	-	new	NEW
HCM IV ACQUISITION CORP	HACQ	$999.3K	99,432	0.05%	-	new	NEW
YORKVILLE INTL CAP CORP	YICCU	$999.2K	99,421	0.05%	-	new	NEW
Insight Digital Partners II	DYOR	$997.1K	99,116	0.05%	-0.01pp	3q	HELD
SILVERBOX CORP V	SBXE	$997.0K	99,108	0.05%	-0.01pp	2q	HELD
Newbridge Acquisition Ltd	NBRG	$993.8K	99,480	0.05%	-0.01pp	2q	HELD
INVEST GREEN ACQUISITION COR CL A O	IGAC	$992.2K	99,120	0.05%	-0.01pp	3q	HELD
QuasarEdge Acquisition Corp	QRED	$990.0K	99,699	0.05%	-	new	NEW
TWELVE SEAS ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	TWLV	$990.0K	99,100	0.05%	-0.01pp	2q	HELD
BHAV Acquisition Corp	BHAV	$989.4K	99,440	0.05%	-	new	NEW
BLUEROCK ACQ CRP; TNT ACQ DT: 12/11/2027; CASH: $10.00	BLRK	$989.1K	99,108	0.05%	-0.01pp	2q	HELD
VERNAL CAP ACQUISITION CORP	VECA	$987.2K	99,320	0.05%	-	new	NEW
PEACE ACQ CRP; TNT ACQ DT: 8/22/2027; CASH: $10.05	PECE	$985.7K	99,470	0.05%	-	new	NEW
QDRO ACQUI	QADR	$985.3K	99,420	0.05%	-	new	NEW
Keystone Acquisition Corp	KEYY	$980.1K	99,400	0.05%	-	new	NEW
ENERGY TRANSITION SPL OPPORT	ETSS	$976.2K	98,754	0.04%	-	new	NEW
FORTUNEX ACQUISITION CORP	FXACU	$874.0K	86,962	0.04%	-	new	NEW
Inflection Point Acquisition Corp VI	IPFX	$822.4K	79,533	0.04%	-	new	NEW
1RT ACQUIS	ONCH	$762.0K	74,416	0.04%	-0.01pp	4q	HELD
TEXASVENTURESACQUISITIONI	TVA	$682.5K	64,694	0.03%	flat	5q	HELD
HARVARD AVE ACQUISITION CORP	HAVA	$678.3K	66,960	0.03%	flat	3q	HELD
FG MERGER II CORP	FGMC	$634.5K	61,244	0.03%	-0.14pp	4q	-80.6%-$2.6M
Churchill Capital Corp XII	CXII	$526.4K	49,430	0.02%	-	new	NEW
BLEICHROEDER ACQUISITI CORP	BBCQ	$508.6K	49,282	0.02%	-0.10pp	2q	-78.4%-$1.8M
METALS ACQUISITION CORP II	MTAL	$504.5K	49,707	0.02%	-	new	NEW
MOZAYYX ACQUISITION CORP	MZYX	$495.5K	49,700	0.02%	-	new	NEW
LAUNCHPAD CADENZA ACQU CORP	LPCV	$494.8K	49,584	0.02%	flat	2q	HELD
SOREN ACQ CRP; TNT ACQ DT: 1/7/2028; CASH: $10.00	SORN	$424.4K	42,780	0.02%	flat	2q	HELD
SPRING VY ACQUISITION CORP I	SVAC	$407.1K	39,676	0.02%	flat	3q	HELD
SPARK I ACQUISITION CORP ORD SHS	SPKL	$389.8K	31,058	0.02%	-0.04pp	3q	-65.7%-$745.1K
CANTOR EQUITY PARTNERS II IN	CEPT	$388.4K	36,472	0.02%	flat	5q	+31.8%+$93.7K
NEW AMER ACQUISITION I CORP COM	NWAX	$352.2K	34,696	0.02%	flat	2q	HELD
INTERPRIVATE INVTS PARTNERS	IPVVU	$145.9K	14,712	0.01%	-	new	NEW
FG Imperii Acquisition Corp	FGIIW	$117.4K	400,000	0.01%	flat	2q	-19.4%-$28.2K
Gigcapital9 Corp Right 12/01/2030	GIXXR	$114.0K	400,000	0.01%	-0.01pp	2q	-54.7%-$137.5K
GORES HLDGS X INC	GTENW	$93.2K	99,180	0.00%	flat	5q	HELD
KENSINGTON CP A VI CL 1 EQY WARRANTS	KCACWS	$85.7K	74,558	0.00%	-	new	NEW
Xsolla SPAC 1	XSLLW	$81.0K	360,615	0.00%	flat	2q	-21.6%-$22.3K
Quantum Leap Acquisition Corp - US	QLEPWS	$64.6K	496,600	0.00%	-	new	NEW
TGE Value Creative Solutions Corp	BEBEWS	$64.3K	164,849	0.00%	flat	2q	-11.6%-$8.5K
ILLUMINATION ACQUISITIO CORP	ILLUW	$52.8K	107,683	0.00%	-	new	NEW
Infinite Eagle Acquisition C Right 01/13/2031	IEAGR	$51.7K	265,211	0.00%	flat	2q	HELD
Future Money Acquisition Cor Right 03/16/2031	FMACR	$51.3K	243,815	0.00%	-	new	NEW
CH4 Natural Solutions Corp	MTNEWS	$49.2K	148,980	0.00%	-	new	NEW
Chenghe Acquisition III Co	CHECW	$49.1K	218,096	0.00%	flat	3q	-20.2%-$12.4K
ARMADA ACQUISITION CORP II	XRPNW	$47.7K	56,081	0.00%	flat	5q	HELD
Bold Eagle Acquisition Corp Right 10/11/2029	BEAGR	$46.0K	158,495	0.00%	flat	7q	HELD
K&F Growth Acquisition Corp Right 08/29/2031	KFIIR	$42.8K	332,574	0.00%	flat	6q	-16.2%-$8.3K
CAMBRIDGE ACQUISITION EQY WARRANTS	CAQUW	$42.5K	141,666	0.00%	flat	2q	HELD
Praetorian Acquisition Corp	PTORW	$41.8K	110,056	0.00%	flat	2q	-58.5%-$59.0K
Irenic Acquisition Corp	IACQW	$40.9K	65,913	0.00%	-	new	NEW
Hennessy Capital Investment Corp. VIII	HCICR	$40.2K	250,000	0.00%	flat	2q	-16.2%-$7.8K
PROEM ACQUISITION CORP I	PAACW	$39.3K	101,717	0.00%	-	new	NEW
Social Commerce Partners Corp	SCPQW	$37.5K	62,013	0.00%	flat	2q	HELD
Oxley Bridge Acquisition Ltd	OBAWW	$34.7K	156,694	0.00%	flat	4q	-26.2%-$12.3K
HENNESSY CAP INVT CORP VII	HVIIR	$33.5K	94,950	0.00%	flat	6q	-61.8%-$54.2K
Galata Acquisition Corp II	LATAW	$33.4K	90,000	0.00%	flat	3q	-27.4%-$12.6K
ARMADA ACQUISITION III EQY WARRANT	AACIW	$32.1K	99,400	0.00%	flat	2q	HELD
DAEDALUS SPECIAL ACQUIS-CL A WRNT 9/17/2030	DSACW	$31.7K	49,578	0.00%	flat	2q	HELD
Colombier Acquisition Corp III	CLBRWS	$29.8K	37,305	0.00%	flat	2q	HELD
RENATUS TACTICAL ACQUIS	RTACW	$28.3K	37,208	0.00%	flat	5q	HELD
CHAMPIONSGATE ACQUISITION CO	CHPGR	$28.0K	192,834	0.00%	flat	5q	-7.8%-$2.4K
LEGATO MERGER IV EQY WARRANT	LEGOWS	$26.7K	56,813	0.00%	flat	2q	HELD
Uy Scuti Acquisition Corp. Right 03/03/2030	UYSCR	$25.1K	179,343	0.00%	flat	5q	-13.7%-$4.0K
COLLECTIVE ACQUISITION CORP	CAIIW	$24.9K	99,460	0.00%	-	new	NEW
AA MISSION ACQUISITION CORP	YCYWS	$24.6K	111,790	0.00%	flat	3q	-16.5%-$4.9K
Miluna Acquisition Corp	MMTXW	$23.1K	171,150	0.00%	flat	3q	HELD
Gesher Acquisition II Corp	GSHRW	$22.9K	81,898	0.00%	flat	5q	HELD
SIDDHI ACQUISITION CORP	SDHIR	$22.6K	93,212	0.00%	flat	5q	-25.3%-$7.7K
NEWBRIDGE ACQUISITION LTD	NBRGR	$21.9K	99,480	0.00%	flat	2q	HELD
FutureCrest Acquisition Corp	FCRSWS	$21.1K	24,805	0.00%	flat	3q	HELD
Copley Acquisition Corp	COPLWS	$20.9K	244,216	0.00%	flat	5q	-8.1%-$1.9K
Blue Water Acquisition Corp IV	BWIVWS	$20.6K	57,500	0.00%	-	new	NEW
COLUMBUS ACQUISITION CORP	COLAR	$19.4K	35,190	0.00%	flat	6q	-11.7%-$2.6K
Lionheart Holdings	CUBWW	$18.6K	46,791	0.00%	flat	8q	-51.4%-$19.6K
Lafayette Digital Acquisition Corp I	ZKPW	$18.0K	58,092	0.00%	flat	2q	-64.1%-$32.1K
SPACSphere Acquisition Corp	SSACW	$15.6K	148,000	0.00%	flat	2q	-1.3%
Xflh Cap Corp Right 12/31/2029	XFLHRT	$15.4K	150,000	0.00%	flat	2q	-69.8%-$35.6K
BEST SPAC I ACQUISITION CORP	BSAAR	$15.2K	91,786	0.00%	flat	4q	-43.9%-$11.9K
Energy Transition Special Opportunities	ETSSWS	$14.8K	49,377	0.00%	-	new	NEW
QDRO ACQUISITION CORP	QADRW	$14.7K	49,710	0.00%	-	new	NEW
HCM IV ACQUISITION CORP	HACQW	$14.2K	24,858	0.00%	-	new	NEW
NMP ACQUISITION CORP	NMPAR	$13.8K	85,484	0.00%	flat	4q	HELD
ABONY ACQUISITION I EQY WARRANTS	AACOW	$13.8K	28,687	0.00%	-	new	NEW
SilverBox Corp V	SBXEWS	$13.6K	32,676	0.00%	flat	2q	-1.1%
Bitcoin Infrastructure Acquisition Corp Ltd	BIXIW	$13.5K	43,284	0.00%	flat	3q	-57.3%-$18.1K
Emmis Acquisition Corp. Right 09/12/2030	EMISR	$12.5K	89,612	0.00%	flat	3q	-54.7%-$15.1K
K2 CAP ACQUISITION CORP	KTWOR	$12.5K	57,890	0.00%	flat	2q	-70.9%-$30.4K
Tailwind 2.0 Acquisition Corp	TDWDR	$12.5K	99,600	0.00%	flat	3q	-33.2%-$6.2K
MESHFLOW ACQUISITION CO-CL A WRNT 9/16/2030	MESHW	$10.9K	38,690	0.00%	flat	2q	-53.2%-$12.4K
Pioneer Acquisition I Corp	PACHW	$10.8K	50,000	0.00%	flat	4q	-32.8%-$5.3K
WESTIN ACQUISITION CORP	WSTNR	$10.7K	62,290	0.00%	flat	2q	-47.7%-$9.8K
Yorkville Acquisition Corp	MCGAW	$10.2K	39,676	0.00%	flat	4q	HELD
MOZAYYX ACQUISITION CORP	MZYXWS	$8.7K	12,425	0.00%	-	new	NEW
Maywood Acquisition Corp 2	MYXXW	$8.1K	124,350	0.00%	-	new	NEW
Lafayette Acquisition Corp Right 10/24/2030	LAFAR	$6.8K	70,423	0.00%	flat	3q	-51.7%-$7.2K
VERAXA BIOTECH AG	VRXAW	$6.6K	59,990	0.00%	-	new	NEW
A SPAC III ACQUISITION CORP	ASPCR	$6.6K	81,046	0.00%	flat	6q	HELD
RF ACQUISITION CORP III	RFAMR	$6.5K	52,000	0.00%	flat	2q	-84.4%-$35.1K
CROWN RESV ACQUISITION CORP	CRACW	$6.1K	116,748	0.00%	flat	3q	HELD
Sizzle Acquisition Corp. Ii Right 04/02/2030	SZZLR	$5.8K	30,197	0.00%	flat	5q	-66.5%-$11.5K
Iris Acquisition Corp II	IRABWS	$5.2K	21,933	0.00%	flat	2q	-11.8%
Dynamix Corp III	DNMXW	$4.7K	16,217	0.00%	flat	3q	-78.2%-$16.7K
QUANTUMSPHERE ACQUISITION CO	QUMSR	$3.9K	24,108	0.00%	flat	3q	-31.3%-$1.8K
LightWave Acquisition Corp	LWACW	$3.0K	10,029	0.00%	flat	4q	-89.5%-$25.3K
CHENGHE ACQUISITION II CO		$0	74,685	0.00%	flat	4q	HELD

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Holding & Investment	$855.2M	39.3%
Energy	$554.8M	25.5%
Semiconductors & Electronics	$168.2M	7.7%
Software & IT Services	$138.1M	6.3%
Transport & Logistics	$74.5M	3.4%
Insurance	$68.3M	3.1%
Autos & Aerospace	$54.3M	2.5%
Other sectors	$145.9M	6.7%
Not classified	$116.4M	5.3%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q2 2026	+1.6%	+14.8%	-13.2%	92%
Q1 2026	+3.4%	-4.6%	+8.0%	79%
Q4 2025	+2.0%	+2.4%	-0.4%	85%
Q3 2025	+1.9%	+7.8%	-6.0%	79%
Q2 2025	+7.4%	+10.5%	-3.0%	77%
Q1 2025	-4.2%	-4.6%	+0.4%	68%
Q4 2024	+4.7%	+2.1%	+2.5%	72%
Q3 2024	+1.6%	+5.4%	-3.8%	69%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$2.2B	339	85	54	53	91	43.6%	45
Q1 2026	$1.9B	345	122	71	36	55	42.6%	45
Q4 2025	$2.1B	278	86	48	29	37	53.5%	44
Q3 2025	$1.7B	229	75	32	29	54	49.3%	45
Q2 2025	$1.9B	208	94	38	11	32	48.0%	45
Q1 2025	$1.7B	146	54	26	18	47	64.2%	45
Q4 2024	$2.5B	139	49	18	17	52	61.2%	45
Q3 2024	$1.8B	142	50	19	34	50	58.2%	45
Q2 2024	$2.4B	142	24	49	28	31	60.5%	45
Q1 2024	$1.8B	149	18	73	15	54	51.4%	45
Q4 2023	$1.4B	185	30	69	23	55	54.2%	45
Q3 2023	$1.5B	210	48	77	35	58	50.5%	45
Q2 2023	$1.7B	220	52	87	22	68	50.6%	45
Q1 2023	$1.6B	236	34	67	43	136	51.7%	45
Q4 2022	$1.9B	338	7	82	22	179	41.7%	45
Q3 2022	$2.1B	510	19	139	30	62	34.7%	45
Q2 2022	$2.0B	553	20	72	19	40	35.8%	46
Q1 2022	$2.0B	573	104	88	25	103	37.9%	46
Q4 2021	$1.8B	572	209	76	25	82	33.8%	45
Q3 2021	$1.5B	445	145	146	13	79	39.3%	46
Q2 2021	$1.0B	379	179	74	13	136	40.5%	47
Q1 2021	$867.6M	336	264	15	31	99	45.1%	47
Q4 2020	$602.8M	171	123	6	13	82	53.0%	47
Q3 2020	$679.8M	130	72	14	25	46	58.6%	47
Q2 2020	$754.8M	104	42	18	21	54	59.4%	45
Q1 2020	$849.1M	116	38	31	15	28	46.9%	45
Q4 2019	$548.8M	106	38	18	13	34	39.4%	45
Q3 2019	$601.4M	102	27	35	5	34	35.7%	45
Q2 2019	$583.7M	109	50	21	10	32	37.0%	45
Q1 2019	$472.8M	91	27	24	9	22	41.7%	45
Q4 2018	$458.0M	86	84	0	2	9	46.4%	45
Q3 2018	$140.5M	11	7	2	1	0	98.3%	137
Q2 2018	$46.9M	4	2	2	0	0	100.0%	229
Q1 2018	$18.0M	2	0	0	0	0	100.0%	320

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.