# Murchinson Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1838556. Source: https://holderbook.com/funds/1838556-murchinson-ltd/

- Reported value: $724.8M
- Positions: 84
- Weight of the ten largest: 60.9%
- 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 |
|---|---|---|---|---|---|
| CANADIAN IMPERIAL BANK OF CO | [CM](https://holderbook.com/stocks/CM/) | $94.9M | 110,062 | 13.1% | 3 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $82.9M | 0 | 11.4% | 4 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $62.1M | 0 | 8.6% | 4 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $55.1M | 0 | 7.6% | 4 |
| NANO DIMENSION LTD | [NNDM](https://holderbook.com/stocks/NNDM/) | $27.3M | 18,836,276 | 3.8% | 19 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $25.7M | 22,357 | 3.5% | 2 |
| CHART INDS INC | [GTLS](https://holderbook.com/stocks/GTLS/) | $25.2M | 120,539 | 3.5% | 2 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $24.6M | 13,076 | 3.4% | 2 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $23.6M | 8,135 | 3.3% | 2 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $20.2M | 100,000 | 2.8% | 1 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $16.9M | 38,367 | 2.3% | 4 |
| NEW AMER ACQUISITION I CORP | [NWAX](https://holderbook.com/stocks/NWAX/) | $15.0M | 1,475,000 | 2.1% | 1 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $13.6M | 40,635 | 1.9% | 2 |
| BRIGHTHOUSE FINL INC | [BHF](https://holderbook.com/stocks/BHF/) | $12.9M | 103,740 | 1.8% | 2 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $11.6M | 18,924 | 1.6% | 1 |
| YORKVILLE ACQUISITION CORP. | [MCGA](https://holderbook.com/stocks/MCGA/) | $10.2M | 1,000,400 | 1.4% | 4 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $10.2M | 0 | 1.4% | 1 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $10.1M | 27,631 | 1.4% | 4 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $9.8M | 0 | 1.4% | 1 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $9.6M | 7,638 | 1.3% | 1 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $9.1M | 0 | 1.2% | 1 |
| IMPERIAL OIL LTD | [IMO](https://holderbook.com/stocks/IMO/) | $9.0M | 17,512 | 1.2% | 2 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $8.8M | 330,000 | 1.2% | 2 |
| PELTHOS THERAPEUTICS INC | [PTHS](https://holderbook.com/stocks/PTHS/) | $8.6M | 304,302 | 1.2% | 4 |
| NEW AMER ACQUISITION I CORP | [NWAXU](https://holderbook.com/stocks/NWAXU/) | $7.9M | 755,100 | 1.1% | 2 |
| FORTIS INC | [FTS](https://holderbook.com/stocks/FTS/) | $7.8M | 35,433 | 1.1% | 2 |
| ADVISORSHARES TR | [MSOS](https://holderbook.com/stocks/MSOS/) | $6.3M | 1,249,895 | 0.9% | 2 |
| ORAMED PHARMACEUTICALS INC | [ORMP](https://holderbook.com/stocks/ORMP/) | $6.2M | 1,290,294 | 0.9% | 11 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $6.0M | 0 | 0.8% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $6.0M | 20,000 | 0.8% | 1 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $5.8M | 15,141 | 0.8% | 3 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $5.0M | 0 | 0.7% | 1 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $4.8M | 0 | 0.7% | 1 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $4.6M | 0 | 0.6% | 1 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $4.5M | 106,874 | 0.6% | 6 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $4.5M | 0 | 0.6% | 1 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $4.3M | 0 | 0.6% | 2 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $4.2M | 0 | 0.6% | 1 |
| TRULIEVE CANNABIS CORP | [TRLV](https://holderbook.com/stocks/TRLV/) | $3.5M | 355,200 | 0.5% | 1 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $3.4M | 0 | 0.5% | 2 |
| SK TELECOM CO LTD | [SKM](https://holderbook.com/stocks/SKM/) | $3.2M | 100,000 | 0.4% | 1 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $3.1M | 0 | 0.4% | 1 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $2.7M | 0 | 0.4% | 1 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $2.5M | 0 | 0.4% | 2 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $2.1M | 0 | 0.3% | 1 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.1M | 0 | 0.3% | 1 |
| STARLINK AI ACQUISITION CORP | [OTAI-RI](https://holderbook.com/stocks/OTAI-RI/) | $2.0M | 200,000 | 0.3% | 1 |
| BOOST RUN INC | [BRUNW](https://holderbook.com/stocks/BRUNW/) | $2.0M | 52,000 | 0.3% | 1 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $2.0M | 21,844 | 0.3% | 2 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $2.0M | 19,881 | 0.3% | 2 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $1.8M | 0 | 0.3% | 1 |
| USA TODAY CO INC | [TDAY](https://holderbook.com/stocks/TDAY/) | $1.7M | 200,000 | 0.2% | 9 |
| NUVATION BIO INC | - | $1.6M | 1,500,000 | 0.2% | 1 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $1.6M | 0 | 0.2% | 1 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $1.2M | 25,038 | 0.2% | 1 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $1.1M | 0 | 0.2% | 1 |
| CAE INC | [CAE](https://holderbook.com/stocks/CAE/) | $1.1M | 15,021 | 0.2% | 1 |
| GROUPON INC | - | $996.9K | 1,000,000 | 0.1% | 1 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $912.2K | 0 | 0.1% | 1 |
| FIREFLY NEUROSCIENCE INC | [AIFF](https://holderbook.com/stocks/AIFF/) | $786.5K | 650,000 | 0.1% | 1 |
| GOSSAMER BIO INC | - | $642.8K | 1,000,000 | 0.1% | 1 |
| KEEL INFRASTRUCTURE CORP | [KEEL](https://holderbook.com/stocks/KEEL/) | $574.0K | 0 | 0.1% | 1 |
| VIVOPOWER PLC | [VIVO](https://holderbook.com/stocks/VIVO/) | $517.0K | 0 | 0.1% | 1 |
| NORTHWEST BANCSHARES INC | [NWBI](https://holderbook.com/stocks/NWBI/) | $454.8K | 30,000 | 0.1% | 4 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $420.6K | 0 | 0.1% | 1 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $374.6K | 4,000 | 0.1% | 1 |
| EROCK INC | [EROC](https://holderbook.com/stocks/EROC/) | $362.5K | 25,000 | 0.1% | 1 |
| LASER PHOTONICS CORP | [LASE](https://holderbook.com/stocks/LASE/) | $330.0K | 0 | 0.0% | 1 |
| INTERNATIONAL MONEY EXPRESS | [IMXI](https://holderbook.com/stocks/IMXI/) | $313.6K | 21,700 | 0.0% | 2 |
| LIBERTY MEDIA CORP DEL | - | $286.7K | 250,000 | 0.0% | 5 |
| JANUS HENDERSON GROUP PLC | [JHG](https://holderbook.com/stocks/JHG/) | $259.8K | 5,000 | 0.0% | 2 |
| DIGITALBRIDGE GROUP INC | [DBRG](https://holderbook.com/stocks/DBRG/) | $252.5K | 16,000 | 0.0% | 2 |
| NORTHWESTERN ENERGY GROUP IN | [NWE](https://holderbook.com/stocks/NWE/) | $250.7K | 3,500 | 0.0% | 2 |
| STELLAR BANCORP INC | [STEL](https://holderbook.com/stocks/STEL/) | $247.7K | 6,300 | 0.0% | 2 |
| CLEAR CHANNEL OUTDOOR HLDGS | [CCO](https://holderbook.com/stocks/CCO/) | $243.9K | 100,800 | 0.0% | 2 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $223.3K | 3,000 | 0.0% | 2 |
| TWO HARBORS INVENTMENT CORPO | [TWO](https://holderbook.com/stocks/TWO/) | $211.0K | 17,000 | 0.0% | 2 |
| EXYN TECHNOLOGIES INC | - | $171.6K | 129,000 | 0.0% | 1 |
| GEN DIGITAL INC | [GENVR](https://holderbook.com/stocks/GENVR/) | $141.1K | 111,569 | 0.0% | 5 |
| BEYOND AIR INC | [XAIR](https://holderbook.com/stocks/XAIR/) | $122.3K | 274,208 | 0.0% | 2 |
| LENSAR INC | [LNSR](https://holderbook.com/stocks/LNSR/) | $75.5K | 13,223 | 0.0% | 3 |
| CPI AEROSTRUCTURES INC | [CVU](https://holderbook.com/stocks/CVU/) | $73.6K | 14,178 | 0.0% | 2 |
| VALION BIO INC | [VBIO](https://holderbook.com/stocks/VBIO/) | $59.8K | 115,000 | 0.0% | 1 |
| QUANTUM LEAP ACQUISITION COR | - | $13.0K | 100,000 | 0.0% | 1 |

## 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 |
|---|---|---|---|---|
| Q4 2025 | +3.5% | +2.4% | +1.2% | 75% |
| Q3 2025 | +11.2% | +7.8% | +3.4% | 83% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 72% |
| Q1 2025 | -4.4% | -4.6% | +0.1% | 92% |
| Q4 2024 | -3.3% | +2.1% | -5.5% | 78% |
| Q3 2024 | +12.1% | +5.4% | +6.7% | 91% |
| Q2 2024 | -6.4% | +4.0% | -10.4% | 88% |
| Q1 2024 | +4.2% | +10.0% | -5.8% | 91% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $724.8M | 84 |
| Q1 2026 | $791.1M | 77 |
| Q4 2025 | $621.5M | 59 |
| Q3 2025 | $788.2M | 80 |
| Q2 2025 | $282.4M | 61 |
| Q1 2025 | $1.9B | 93 |
| Q4 2024 | $233.7M | 55 |
| Q3 2024 | $368.2M | 78 |
| Q2 2024 | $648.5M | 59 |
| Q1 2024 | $1.2B | 75 |
| Q4 2023 | $574.1M | 35 |
| Q3 2023 | $779.6M | 52 |