— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Westchester Capital Management, LLC

Q3 2025 · Filed 2025-11-14
Market Value
$1.5B
+18.7%
Holdings
158
+28
New Purchases
54
Added To
14
Closed
27
Reduced
13
Top 10 Concentration
60.5%
Turnover
51.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 8.98% 0.00% +8.98% $134M
GTLS 7.35% 0.00% +7.35% $110M
TECK 5.47% 0.00% +5.47% $82M
COOP 10.38% 5.90% +4.48% $155M
VRNA 3.45% 0.00% +3.45% $52M
NSC 2.63% 0.00% +2.63% $39M
EA 1.74% 0.00% +1.74% $26M
WBD 1.67% 0.00% +1.67% $25M
TGNA 1.62% 0.00% +1.62% $24M
GTERU 0.94% 0.00% +0.94% $14M
SZZLU 1.06% 0.14% +0.92% $16M
TACH 0.91% 0.00% +0.91% $14M
VBTX 0.88% 0.00% +0.88% $13M
BACC 0.84% 0.00% +0.84% $12M
MRUS 0.72% 0.00% +0.72% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 0.00% 17.08% -17.08% $0
CHX 0.00% 7.61% -7.61% $0
AZEK 0.00% 5.63% -5.63% $0
SKX 0.00% 2.70% -2.70% $0
LBRDA 3.20% 5.77% -2.56% $48M
EVRI 0.00% 2.37% -2.37% $0
JNPR 0.00% 2.19% -2.19% $0
K 9.33% 10.74% -1.41% $140M
FYBR 5.23% 6.44% -1.21% $78M
AMED 0.00% 1.21% -1.21% $0
DNB 0.00% 0.94% -0.94% $0
TVACU 0.00% 0.79% -0.79% $0
BPMC 0.00% 0.66% -0.66% $0
PPBI 0.00% 0.46% -0.46% $0
PRA 2.83% 3.24% -0.41% $42M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 17 $673M 45.0%
Mid Cap 21 $371M 24.8%
Small Cap 52 $248M 16.6%
Micro Cap 68 $203M 13.6%

Portfolio Analytics

Avg Market Cap
$6.6B
Median Market Cap
$324M
Avg P/E
43.7
Median P/E
33.4
Avg Dividend Yield
0.02%
Avg Beta
0.57
# Stocks
149
# ETFs / Funds
9

Top Holdings (158 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 COOP 10.38% 736,206 $155M $210.79 $81M +237,785 +47.7%
2 K 9.33% 1,701,179 $140M $82.02 $4M
3 CYBR 8.98% 278,008 $134M $483.15 +278,008 NEW
4 GTLS 7.35% 549,332 $110M $200.15 +549,332 NEW
5 TECK 5.47% 1,863,546 $82M $43.89 +1,863,546 NEW
6 FYBR 5.23% 2,093,629 $78M $37.35 -$3M -136,326 -6.1%
7 IPG 4.26% 2,282,614 $64M $27.91 $12M +169,682 +8.0%
8 VRNA 3.45% 483,655 $52M $106.71 +483,655 NEW
9 LBRDA 3.20% 756,525 $48M $63.33 -$25M +13,700 +1.8%
10 PRA 2.83% 1,761,213 $42M $23.99 $1M -25,126 -1.4%
11 NSC 2.63% 130,825 $39M $300.41 +130,825 NEW
12 YCY 1.90% 2,701,172 $28M $10.52 $6M +511,172 +23.3%
13 ANSC 1.80% 2,464,804 $27M $10.92 $173K
14 EA 1.74% 129,166 $26M $201.70 +129,166 NEW
15 WBD 1.67% 1,278,300 $25M $19.53 +1,278,300 NEW
16 TGNA 1.62% 1,192,134 $24M $20.33 +1,192,134 NEW
17 SZZLU 1.06% 1,564,728 $16M $10.12 $14M +1,389,728 +794.1%
18 CTLP 0.98% 1,389,401 $15M $10.57 -$1M -41,916 -2.9%
19 GTERU 0.94% 1,414,429 $14M $9.98 +1,414,429 NEW
20 TACH 0.91% 1,344,693 $14M $10.12 +1,344,693 NEW
21 SPR 0.89% 344,900 $13M $38.60 $155K
22 VBTX 0.88% 393,942 $13M $33.53 +393,942 NEW
23 NPACU 0.88% 1,278,999 $13M $10.28 -$228K -1,001 -0.1%
24 BACC 0.84% 1,250,000 $12M $9.99 +1,250,000 NEW
25 JACS 0.82% 1,186,200 $12M $10.38 $95K
26 MLAC 0.81% 1,182,271 $12M $10.30 $47K
27 ALDF 0.81% 1,159,448 $12M $10.45 -$46K
28 MRUS 0.72% 114,159 $11M $94.15 +114,159 NEW
29 CHAC 0.69% 1,025,000 $10M $10.13 +1,025,000 NEW
30 KCHVU 0.68% 1,000,000 $10M $10.24 $65K
31 AACB 0.67% 995,939 $10M $10.13 $10K
32 AL 0.65% 153,700 $10M $63.65 +153,700 NEW
33 COPL 0.58% 860,600 $9M $10.11 $8M +753,100 +700.6%
34 PACH 0.57% 850,000 $9M $10.05 $6M +600,000 +240.0%
35 VCIC 0.52% 722,042 $8M $10.71 -$4M -373,509 -34.1%
36 TASK 0.48% 400,627 $7M $17.85 +400,627 NEW
37 LCCC 0.47% 689,436 $7M $10.08 +689,436 NEW
38 GSRFU 0.46% 675,000 $7M $10.14 +675,000 NEW
39 CGCT 0.46% 678,000 $7M $10.05 $4M +428,000 +171.2%
40 CSX 0.46% 191,767 $7M $35.51 +191,767 NEW
41 XRPN 0.44% 633,400 $7M $10.44 $4M +383,400 +153.4%
42 XRPNU 0.38% 550,000 $6M $10.40 -$3M -300,000 -35.3%
43 ALE 0.37% 84,129 $6M $66.40 +84,129 NEW
44 IPEX 0.36% 532,807 $5M $10.22 $48K
45 TVA 0.34% 478,039 $5M $10.71 +478,039 NEW
46 OBA 0.34% 508,100 $5M $9.94 +508,100 NEW
47 KDP 0.33% 195,700 $5M $25.51 +195,700 NEW
48 NMPAU 0.33% 500,000 $5M $9.93 +500,000 NEW
49 BLUW 0.32% 475,000 $5M $9.96 +475,000 NEW
50 NHIC 0.31% 450,000 $5M $10.18 $2M +200,000 +80.0%
51 PGACU 0.30% 443,000 $5M $10.28 $40K
52 HBI 0.29% 652,571 $4M $6.59 +652,571 NEW
53 ORIQ 0.29% 425,000 $4M $10.04 +425,000 NEW
54 FGMC 0.28% 418,265 $4M $9.99 -$127K -17,941 -4.1%
55 KOYNU 0.27% 400,000 $4M $10.10 +400,000 NEW
56 WENNU 0.27% 384,654 $4M $10.43 -$65K
57 GHLD 0.25% 188,103 $4M $19.94 $2M +107,946 +134.7%
58 QSEAU 0.25% 366,605 $4M $10.15 $37K
59 IBAC 0.25% 349,019 $4M $10.59 $73K
60 SBXD-UN 0.23% 325,485 $3M $10.47 -$234K -6,777 -2.0%
61 KCHV 0.19% 286,000 $3M $10.03 +286,000 NEW
62 TVAIU 0.19% 275,000 $3M $10.20 $8K
63 CHEC 0.18% 275,000 $3M $9.98 +275,000 NEW
64 HON 0.18% 12,800 $3M $210.50 -$263K +100 +0.8%
65 TDAC 0.17% 248,852 $3M $10.34 +248,852 NEW
66 WTG 0.17% 250,000 $3M $10.06 +250,000 NEW
67 TVAIR 0.17% 250,000 $3M $10.03 +250,000 NEW
68 CMCSA 0.17% 79,600 $3M $31.42 -$340K
69 RAAQU 0.16% 240,312 $2M $10.14 -$5K
70 GSHRU 0.16% 240,000 $2M $10.15 +240,000 NEW
71 SVCC 0.14% 200,000 $2M $10.30 $14K
72 CEPF 0.14% 200,000 $2M $10.19 +200,000 NEW
73 BACCU 0.14% 200,000 $2M $10.14 $20K
74 DD 0.13% 25,900 $2M $77.90 -$829K -15,600 -37.6%
75 OBAWU 0.13% 200,000 $2M $10.05 $8K
76 DMIIU 0.13% 200,000 $2M $9.95 +200,000 NEW
77 AXINU 0.12% 175,000 $2M $10.08 -$4K
78 LATAU 0.12% 175,000 $2M $9.98 +175,000 NEW
79 EMISU 0.12% 175,000 $2M $9.98 +175,000 NEW
80 PMTRU 0.11% 150,000 $2M $10.50 $4K
81 MQY 0.10% 130,274 $2M $11.65 $70K
82 NVG 0.10% 123,412 $2M $12.29 $44K
83 FIGXU 0.10% 150,000 $1M $9.99 +150,000 NEW
84 BYM 0.10% 132,996 $1M $10.95 $52K
85 CEPO 0.09% 126,829 $1M $10.46 +126,829 NEW
86 IAC 0.09% 38,500 $1M $34.07 $1M +36,995 +2458.1%
87 KHC 0.09% 50,200 $1M $26.04 +50,200 NEW
88 OTGA 0.08% 125,000 $1M $10.07 +125,000 NEW
89 QUMSU 0.07% 100,000 $1M $10.13 +100,000 NEW
90 APADU 0.07% 100,000 $998K $9.98 +100,000 NEW
91 COLA 0.06% 89,000 $909K $10.21 $8K
92 FT 0.05% 102,032 $820K $8.04 -$82K -16,398 -13.8%
93 TACOU 0.05% 75,000 $802K $10.69 -$6K
94 CCIX 0.05% 74,769 $784K $10.48 -$3K
95 EGHAU 0.05% 75,000 $751K $10.01 -$14K
96 PCAPU 0.05% 69,110 $732K $10.59 $473K +44,917 +185.7%
97 MYI 0.04% 51,189 $567K $11.08 $30K
98 WENN 0.04% 52,272 $530K $10.13 +52,272 NEW
99 MHD 0.03% 43,988 $517K $11.75 $24K
100 CAEP 0.03% 50,000 $516K $10.32 -$12K

Options Breakdown

0 Calls $0 Call Value 13 Puts $254M Put Value

Top Puts

SymbolSharesValueStatus
SPY 200,000 $133M
TECK 1,654,700 $73M NEW
HON 47,100 $10M
CSX 191,600 $7M NEW
WBD 341,700 $7M NEW
IAC 185,400 $6M NEW
KHC 193,000 $5M NEW
KDP 195,700 $5M NEW
DD 59,800 $5M
CMCSA 79,600 $3M

New Positions

SymbolValue% Port
CYBR $134M 8.98%
GTLS $110M 7.35%
TECK $82M 5.47%
VRNA $52M 3.45%
NSC $39M 2.63%
EA $26M 1.74%
WBD $25M 1.67%
TGNA $24M 1.62%
GTERU $14M 0.94%
TACH $14M 0.91%
VBTX $13M 0.88%
BACC $12M 0.84%
MRUS $11M 0.72%
CHAC $10M 0.69%
AL $10M 0.65%

Sold Out Positions

SymbolValue% Port
PSX —%
NRK —%
IIM —%
NUV —%
VMO —%
TVACU —%
NHICU —%
UYSCU —%
QETAR —%
ETHM —%
ETWO —%
HES —%
JNPR —%
EVRI —%
CCCMU —%
View SEC EDGAR Filings for Westchester Capital Management, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms