# Westchester Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1512805. Source: https://holderbook.com/funds/1512805-westchester-capital-management-llc/

- Reported value: $2.0B
- Positions: 301
- Weight of the ten largest: 48.8%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $169.4M | 826,173 | 8.3% | 4 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $162.2M | 515,734 | 7.9% | 4 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $152.4M | 5,715,678 | 7.5% | 4 |
| CHART INDS INC | [GTLS](https://holderbook.com/stocks/GTLS/) | $128.2M | 613,584 | 6.3% | 4 |
| WEBSTER FINL CORP | [WBS](https://holderbook.com/stocks/WBS/) | $106.8M | 1,397,789 | 5.2% | 2 |
| UNIFIRST CORP MASS | [UNF](https://holderbook.com/stocks/UNF/) | $76.0M | 287,253 | 3.7% | 2 |
| DIGITALBRIDGE GROUP INC | [DBRG](https://holderbook.com/stocks/DBRG/) | $58.3M | 3,697,020 | 2.9% | 2 |
| PENUMBRA INC | [PEN](https://holderbook.com/stocks/PEN/) | $49.7M | 157,472 | 2.4% | 2 |
| QORVO INC | [QRVO](https://holderbook.com/stocks/QRVO/) | $49.7M | 532,551 | 2.4% | 2 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $43.4M | 314,488 | 2.1% | 1 |
| CAESARS ENTERTAINMENT INC NE | [CZR](https://holderbook.com/stocks/CZR/) | $41.6M | 1,377,630 | 2.0% | 2 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $28.6M | 37,399 | 1.4% | 1 |
| AGRICULTURE & NAT SOL ACQ CO | [ANSC](https://holderbook.com/stocks/ANSC/) | $23.2M | 2,044,768 | 1.1% | 10 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $19.5M | 1,022,789 | 1.0% | 3 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $19.3M | 1,426,578 | 0.9% | 1 |
| SELECT MED HLDGS CORP | [SEM](https://holderbook.com/stocks/SEM/) | $16.2M | 983,315 | 0.8% | 1 |
| K&F GROWTH ACQUISITION CORP | [KFII](https://holderbook.com/stocks/KFII/) | $15.6M | 1,476,268 | 0.8% | 6 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $14.9M | 1,013,872 | 0.7% | 1 |
| GLOBA TERRA ACQUISITION COR | [GTERA](https://holderbook.com/stocks/GTERA/) | $14.6M | 1,414,429 | 0.7% | 4 |
| APTIV PLC | [APTV](https://holderbook.com/stocks/APTV/) | $13.7M | 111,900 | 0.7% | 4 |
| GIGCAPITAL8 CORP | [GIW](https://holderbook.com/stocks/GIW/) | $13.4M | 1,330,000 | 0.7% | 3 |
| OYSTER ENTERPRISES II ACQUIS | [OYSE](https://holderbook.com/stocks/OYSE/) | $13.4M | 1,295,112 | 0.7% | 4 |
| KOCHAV DEFENSE ACQUI CO | [KCHV](https://holderbook.com/stocks/KCHV/) | $13.3M | 1,286,000 | 0.7% | 4 |
| SOULPOWER ACQUISITION CORP | [SOUL](https://holderbook.com/stocks/SOUL/) | $13.2M | 1,279,300 | 0.6% | 4 |
| SIDDHI ACQUISITION CORP | [SDHI](https://holderbook.com/stocks/SDHI/) | $13.0M | 1,249,197 | 0.6% | 5 |
| PIONEER ACQUISITION I CORP | [PACH](https://holderbook.com/stocks/PACH/) | $12.9M | 1,258,612 | 0.6% | 4 |
| JACKSON ACQUISITION CO II | [JACS](https://holderbook.com/stocks/JACS/) | $12.6M | 1,186,200 | 0.6% | 5 |
| ALDEL FINL II INC | [ALDF](https://holderbook.com/stocks/ALDF/) | $12.4M | 1,159,448 | 0.6% | 7 |
| SIZZLE ACQUISITION CORP. II | [SZZL](https://holderbook.com/stocks/SZZL/) | $12.2M | 1,175,280 | 0.6% | 5 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $12.2M | 180,600 | 0.6% | 2 |
| JANUS HENDERSON GROUP PLC | [JHG](https://holderbook.com/stocks/JHG/) | $12.0M | 230,719 | 0.6% | 2 |
| ANDRETTI ACQUISITION CORP II | [POLE](https://holderbook.com/stocks/POLE/) | $11.9M | 1,111,416 | 0.6% | 7 |
| NEW PROVIDENCE ACQUISITION C | [NPAC](https://holderbook.com/stocks/NPAC/) | $11.7M | 1,128,999 | 0.6% | 3 |
| OXLEY BRIDGE ACQ LTD | [OBA](https://holderbook.com/stocks/OBA/) | $11.4M | 1,117,657 | 0.6% | 4 |
| ARTIUS II ACQUISITION INC | [AACB](https://holderbook.com/stocks/AACB/) | $10.4M | 995,939 | 0.5% | 5 |
| CAL REDWOOD ACQUISITION CORP | [CRAQ](https://holderbook.com/stocks/CRAQ/) | $10.3M | 1,000,000 | 0.5% | 4 |
| LAUNCH TWO ACQUISITION CORP. | [LPBB](https://holderbook.com/stocks/LPBB/) | $10.2M | 950,000 | 0.5% | 7 |
| APEX TREAS CORP | [APXT](https://holderbook.com/stocks/APXT/) | $10.1M | 1,000,000 | 0.5% | 3 |
| APOGEE THERAPEUTICS INC | [APGE](https://holderbook.com/stocks/APGE/) | $9.7M | 72,962 | 0.5% | 1 |
| NEWBURY STR II ACQUISITION C | [NTWO](https://holderbook.com/stocks/NTWO/) | $9.5M | 898,111 | 0.5% | 7 |
| JENA ACQUISITION CORP II | [JENA](https://holderbook.com/stocks/JENA/) | $9.4M | 912,000 | 0.5% | 4 |
| QUANTUM LEAP ACQUISITION COR | - | $9.4M | 950,000 | 0.5% | 1 |
| GSR IV ACQUISITION CORP | [GSRF](https://holderbook.com/stocks/GSRF/) | $9.1M | 900,000 | 0.4% | 2 |
| TITAN ACQUISITION CORP | [TACH](https://holderbook.com/stocks/TACH/) | $9.1M | 869,693 | 0.4% | 4 |
| COPLEY ACQUISITION CORP | [COPL](https://holderbook.com/stocks/COPL/) | $9.0M | 860,600 | 0.4% | 5 |
| ARMADA ACQUISITION CORP II | [XRPN](https://holderbook.com/stocks/XRPN/) | $8.7M | 833,400 | 0.4% | 5 |
| REPUBLIC DIGITAL ACQUISITION | [RDAG](https://holderbook.com/stocks/RDAG/) | $8.5M | 825,000 | 0.4% | 2 |
| MOUNTAIN LAKE ACQUISIT CORP | [MLAA](https://holderbook.com/stocks/MLAA/) | $8.5M | 853,517 | 0.4% | 1 |
| LIGHTWAVE ACQUISITION CORP | [LWAC](https://holderbook.com/stocks/LWAC/) | $8.4M | 819,872 | 0.4% | 3 |
| HARVARD AVE ACQUISITION CORP | [HAVA](https://holderbook.com/stocks/HAVA/) | $8.1M | 796,944 | 0.4% | 3 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $7.9M | 10,966 | 0.4% | 2 |
| FACT II ACQUISITION CORP | [FACT](https://holderbook.com/stocks/FACT/) | $7.7M | 726,116 | 0.4% | 7 |
| MCKINLEY ACQUISITION CORP | [MKLY](https://holderbook.com/stocks/MKLY/) | $7.5M | 740,000 | 0.4% | 3 |
| BERTO ACQUISITION CORP | [TACO](https://holderbook.com/stocks/TACO/) | $7.4M | 703,632 | 0.4% | 3 |
| WHITE PEARL ACQUISITION CORP | [WPAC](https://holderbook.com/stocks/WPAC/) | $7.1M | 705,324 | 0.3% | 2 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $7.0M | 11,200 | 0.3% | 2 |
| APEX TECH ACQUISITION INC | [TRAD-UN](https://holderbook.com/stocks/TRAD-UN/) | $7.0M | 700,000 | 0.3% | 1 |
| COLLECTIVE ACQUISITION CORP | [CCAQ](https://holderbook.com/stocks/CCAQ/) | $7.0M | 666,477 | 0.3% | 3 |
| WEN ACQUISITION CORP | [WENN](https://holderbook.com/stocks/WENN/) | $6.9M | 671,583 | 0.3% | 4 |
| CSLM DIGITA ASSET ACQ CORP I | [KOYN](https://holderbook.com/stocks/KOYN/) | $6.6M | 650,000 | 0.3% | 3 |
| SOLARIUS CAPITAL ACQU CORP | [SOCA](https://holderbook.com/stocks/SOCA/) | $6.6M | 640,000 | 0.3% | 4 |
| QUARTZSEA ACQUISITION CORP | [QSEA](https://holderbook.com/stocks/QSEA/) | $6.4M | 611,605 | 0.3% | 5 |
| CROWN RESV ACQUISITION CORP | [CRAC](https://holderbook.com/stocks/CRAC/) | $6.4M | 635,872 | 0.3% | 3 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $6.4M | 6,087 | 0.3% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $6.3M | 128,800 | 0.3% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $6.3M | 6,087 | 0.3% | 1 |
| DRUGS MADE IN AMER ACQ II CO | [DMII](https://holderbook.com/stocks/DMII/) | $6.3M | 621,797 | 0.3% | 3 |
| DRUGS MADE IN AMER ACQUTN CO | [DMAA](https://holderbook.com/stocks/DMAA/) | $6.2M | 581,790 | 0.3% | 6 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $6.2M | 0 | 0.3% | 1 |
| ACTIVATE ENERGY ACQUISIT COR | [AEAQ](https://holderbook.com/stocks/AEAQ/) | $6.0M | 600,000 | 0.3% | 2 |
| BLUE WTR ACQUISITION CORP. I | [BLUW](https://holderbook.com/stocks/BLUW/) | $5.8M | 565,552 | 0.3% | 4 |
| AA MISSION ACQUISITION CORP | [YCY](https://holderbook.com/stocks/YCY/) | $5.8M | 572,185 | 0.3% | 3 |
| YORKVILLE ACQUISITION CORP. | [MCGA](https://holderbook.com/stocks/MCGA/) | $5.6M | 550,000 | 0.3% | 2 |
| EQV VENTURES AC CORP. II | [EVAC](https://holderbook.com/stocks/EVAC/) | $5.6M | 550,000 | 0.3% | 1 |
| INFLECTION POINT ACQU CORP V | [IPEX](https://holderbook.com/stocks/IPEX/) | $5.6M | 532,807 | 0.3% | 6 |
| COLLECTIVE ACQUISITION CORP | - | $5.5M | 550,000 | 0.3% | 1 |
| THAYER VENTURES ACQ CORP II | [TVAI](https://holderbook.com/stocks/TVAI/) | $5.4M | 525,000 | 0.3% | 4 |
| GORES HLDGS X INC | [GTEN](https://holderbook.com/stocks/GTEN/) | $5.4M | 515,073 | 0.3% | 3 |
| NMP ACQUISITION CORP | [NMP](https://holderbook.com/stocks/NMP/) | $5.1M | 500,000 | 0.3% | 4 |
| VENDOME ACQUISITION CORP I | [VNME](https://holderbook.com/stocks/VNME/) | $5.1M | 500,000 | 0.3% | 4 |
| DRUGS MADE IN AMER ACQ II CO | [DMIIU](https://holderbook.com/stocks/DMIIU/) | $5.1M | 502,914 | 0.3% | 4 |
| QUASAREDGE ACQUISITION CORP | [QRED-RI](https://holderbook.com/stocks/QRED-RI/) | $5.0M | 507,797 | 0.2% | 1 |
| SC II ACQUISITION CORP | [SCII](https://holderbook.com/stocks/SCII/) | $5.0M | 500,000 | 0.2% | 2 |
| SPACSPHERE ACQUISITION CORP | [SSAC](https://holderbook.com/stocks/SSAC/) | $5.0M | 500,000 | 0.2% | 1 |
| APERTURE AC | [APURR](https://holderbook.com/stocks/APURR/) | $5.0M | 500,000 | 0.2% | 1 |
| NEWHOLD INVT CORP III | [NHIC](https://holderbook.com/stocks/NHIC/) | $4.9M | 450,000 | 0.2% | 5 |
| AXIOM INTELLIGENCE AC CORP 1 | [AXIN](https://holderbook.com/stocks/AXIN/) | $4.8M | 460,459 | 0.2% | 4 |
| ROMAN DBDR ACQUISITION CORP | [DRDB](https://holderbook.com/stocks/DRDB/) | $4.6M | 438,091 | 0.2% | 5 |
| LAKE SUPERIOR ACQUISITION CO | [LKSP](https://holderbook.com/stocks/LKSP/) | $4.6M | 455,000 | 0.2% | 3 |
| SILVER PEGASUS ACQUISITION C | [SPEG](https://holderbook.com/stocks/SPEG/) | $4.6M | 445,000 | 0.2% | 4 |
| VALARIS LTD | [VAL](https://holderbook.com/stocks/VAL/) | $4.5M | 62,646 | 0.2% | 2 |
| MILUNA ACQUISITION CORP | [MMTX](https://holderbook.com/stocks/MMTX/) | $4.5M | 450,000 | 0.2% | 2 |
| BHAV ACQUISITION CORP | [BHAVR](https://holderbook.com/stocks/BHAVR/) | $4.5M | 450,000 | 0.2% | 1 |
| MAYWOOD ACQUISITION CORP 2 | [MYXXR](https://holderbook.com/stocks/MYXXR/) | $4.4M | 450,000 | 0.2% | 1 |
| ORIGIN INVT CORP I | [ORIQ](https://holderbook.com/stocks/ORIQ/) | $4.4M | 425,000 | 0.2% | 4 |
| AI INFRASTRUCTURE ACQUISI | [AIIAU](https://holderbook.com/stocks/AIIAU/) | $4.1M | 400,000 | 0.2% | 3 |
| FUTURE VISION II ACQUISITION | [FVN](https://holderbook.com/stocks/FVN/) | $4.1M | 376,362 | 0.2% | 6 |
| CSLM DIGITA ASSET ACQ CORP I | [KOYNU](https://holderbook.com/stocks/KOYNU/) | $4.1M | 400,000 | 0.2% | 4 |
| RIBBON ACQUISITION CORP | [RIBB](https://holderbook.com/stocks/RIBB/) | $3.9M | 375,734 | 0.2% | 3 |
| BLACKROCK MUNIHOLDINGS FD IN | [MHD](https://holderbook.com/stocks/MHD/) | $3.9M | 326,160 | 0.2% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +1.9% | +14.8% | -12.9% | 87% |
| Q1 2026 | +0.5% | -4.6% | +5.1% | 71% |
| Q4 2025 | +5.0% | +2.4% | +2.7% | 84% |
| Q3 2025 | +4.3% | +7.8% | -3.5% | 82% |
| Q2 2025 | -3.3% | +10.5% | -13.8% | 83% |
| Q1 2025 | +6.2% | -4.6% | +10.8% | 71% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 75% |
| Q3 2024 | +1.3% | +5.4% | -4.1% | 85% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.0B | 301 |
| Q1 2026 | $2.2B | 299 |
| Q4 2025 | $2.4B | 278 |
| Q3 2025 | $2.2B | 248 |
| Q2 2025 | $1.9B | 205 |
| Q1 2025 | $1.9B | 164 |
| Q4 2024 | $1.8B | 161 |
| Q3 2024 | $2.3B | 184 |
| Q2 2024 | $2.7B | 214 |
| Q1 2024 | $2.7B | 232 |
| Q4 2023 | $2.9B | 258 |
| Q3 2023 | $3.4B | 289 |