Murchinson Ltd.
Reported holdings as of Q2 2026, from 21 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| CANADIAN IMPERIAL BANK OF CO CALL+PUT | CM | $94.9M | 110,062 | +10.54pp | 3q | HELD | |
| BANK MONTREAL MEDIUM CALL+PUT | BMO | $82.9M | options only | +5.97pp | 4q | OPTIONS | |
| TORONTO DOMINION BK ONT CALL+PUT | TD | $62.1M | options only | +2.55pp | 4q | OPTIONS | |
| ROYAL BK CDA CALL+PUT | RY | $55.1M | options only | -7.57pp | 4q | OPTIONS | |
| NANO DIMENSION LTD | NNDM | $27.3M | 18,836,276 | +0.43pp | 19q | +21.1%+$4.8M | |
| CANADIAN PACIFIC KANSAS CITY CALL+PUT | CP | $25.7M | 22,357 | +2.40pp | 2q | HELD | |
| CHART INDS INC | GTLS | $25.2M | 120,539 | +0.32pp | 2q | HELD | |
| SUNCOR ENERGY INC NEW CALL+PUT | SU | $24.6M | 13,076 | +1.51pp | 2q | HELD | |
| CANADIAN NATL RY CO CALL+PUT | CNI | $23.6M | 8,135 | +2.40pp | 2q | -50.5%-$24.1M | |
| ISHARES INC | EWY | $20.2M | 100,000 | - | new | NEW | |
| TC ENERGY CORP CALL+PUT | TRP | $16.9M | 38,367 | -0.45pp | 4q | HELD | |
| NEW AMER ACQUISITION I CORP | NWAX | $15.0M | 1,475,000 | - | new | NEW | |
| CANADIAN NAT RES LTD MED TER CALL+PUT | CNQ | $13.6M | 40,635 | +0.58pp | 2q | HELD | |
| BRIGHTHOUSE FINL INC PUT | BHF | $12.9M | 103,740 | +1.75pp | 2q | +2673.8%+$12.4M | |
| BROOKFIELD ASSET MANAGMT LTD CALL+PUT | BAM | $11.6M | 18,924 | - | new | NEW | |
| YORKVILLE ACQUISITION CORP. | MCGA | $10.2M | 1,000,400 | +0.13pp | 4q | HELD | |
| SUN LIFE FINANCIAL INC. CALL+PUT | SLF | $10.2M | options only | - | new | OPTIONS | |
| NUTRIEN LTD CALL+PUT | NTR | $10.1M | 27,631 | -31.29pp | 4q | -95.8%-$230.7M | |
| VANECK ETF TRUST PUT | SMH | $9.8M | options only | - | new | OPTIONS | |
| BROOKFIELD CORP CALL+PUT | BN | $9.6M | 7,638 | - | new | NEW | |
| ISHARES TR PUT | IGV | $9.1M | options only | - | new | OPTIONS | |
| IMPERIAL OIL LTD CALL+PUT | IMO | $9.0M | 17,512 | +0.95pp | 2q | HELD | |
| WARNER BROS DISCOVERY INC | WBD | $8.8M | 330,000 | +0.17pp | 2q | +10.0%+$799.8K | |
| PELTHOS THERAPEUTICS INC | PTHS | $8.6M | 304,302 | +0.40pp | 4q | +2.7%+$225.7K | |
| NEW AMER ACQUISITION I CORP | NWAXU | $7.9M | 755,100 | +0.09pp | 2q | HELD | |
| FORTIS INC CALL+PUT | FTS | $7.8M | 35,433 | +0.88pp | 2q | HELD | |
| ADVISORSHARES TR | MSOS | $6.3M | 1,249,895 | +0.43pp | 2q | +25.0%+$1.3M | |
| ORAMED PHARMACEUTICALS INC | ORMP | $6.2M | 1,290,294 | +0.29pp | 11q | -1.9%-$120.2K | |
| ISHARES TR PUT | MTUM | $6.0M | options only | - | new | OPTIONS | |
| MARVELL TECHNOLOGY INC | MRVL | $6.0M | 20,000 | - | new | NEW | |
| ENBRIDGE INC CALL+PUT | ENB | $5.8M | 15,141 | +0.18pp | 3q | HELD | |
| TAKE-TWO INTERACTIVE SOFTWAR CALL | TTWO | $5.0M | options only | - | new | OPTIONS | |
| WASTE CONNECTIONS INC CALL+PUT | WCN | $4.8M | options only | - | new | OPTIONS | |
| BARRICK MNG CORP CALL+PUT | B | $4.6M | options only | - | new | OPTIONS | |
| ATLANTIC UN BANKSHARES CORP | AUB | $4.5M | 106,874 | +0.14pp | 6q | HELD | |
| WHEATON PRECIOUS METALS CORP CALL+PUT | WPM | $4.5M | options only | - | new | OPTIONS | |
| BANK NOVA SCOTIA B C CALL+PUT | BNS | $4.3M | options only | -1.98pp | 2q | OPTIONS | |
| TECK RESOURCES LTD CALL+PUT | TECK | $4.2M | options only | - | new | OPTIONS | |
| TRULIEVE CANNABIS CORP | TRLV | $3.5M | 355,200 | - | new | NEW | |
| PG&E CORP CALL | PCG | $3.4M | options only | +0.13pp | 2q | OPTIONS | |
| SK TELECOM CO LTD | SKM | $3.2M | 100,000 | - | new | NEW | |
| MANULIFE FINL CORP CALL+PUT | MFC | $3.1M | options only | - | new | OPTIONS | |
| CENOVUS ENERGY INC CALL+PUT | CVE | $2.7M | options only | - | new | OPTIONS | |
| ECHOSTAR CORP CALL | ECHO | $2.5M | options only | -0.02pp | 2q | OPTIONS | |
| ROGERS COMMUNICATIONS INC CALL | RCI | $2.1M | options only | - | new | OPTIONS | |
| NIKE INC CALL | NKE | $2.1M | options only | - | new | OPTIONS | |
| STARLINK AI ACQUISITION CORP | OTAI-RI | $2.0M | 200,000 | - | new | NEW | |
| BOOST RUN INC | BRUNW | $2.0M | 52,000 | - | new | NEW | |
| SPDR SERIES TRUST | BIL | $2.0M | 21,844 | +0.02pp | 2q | HELD | |
| ISHARES TR | SGOV | $2.0M | 19,881 | +0.02pp | 2q | HELD | |
| PPL CORP CALL+PUT | PPL | $1.8M | options only | - | new | OPTIONS | |
| USA TODAY CO INC | TDAY | $1.7M | 200,000 | -0.05pp | 9q | -37.5%-$1.0M | |
| NUVATION BIO INC | $1.6M | 1,500,000 | - | new | DEBT | ||
| AGNICO EAGLE MINES LTD CALL+PUT | AEM | $1.6M | options only | - | new | OPTIONS | |
| PEMBINA PIPELINE CORP | PBA | $1.2M | 25,038 | - | new | NEW | |
| SHOPIFY INC CALL | SHOP | $1.1M | options only | - | new | OPTIONS | |
| CAE INC CALL+PUT | CAE | $1.1M | 15,021 | - | new | NEW | |
| GROUPON INC | $996.9K | 1,000,000 | - | new | DEBT | ||
| BROOKFIELD INFRASTRUCTURE PA CALL | BIP | $912.2K | options only | - | new | OPTIONS | |
| FIREFLY NEUROSCIENCE INC | AIFF | $786.5K | 650,000 | - | new | NEW | |
| GOSSAMER BIO INC | $642.8K | 1,000,000 | - | new | DEBT | ||
| KEEL INFRASTRUCTURE CORP CALL | KEEL | $574.0K | options only | - | new | OPTIONS | |
| VIVOPOWER PLC CALL | VIVO | $517.0K | options only | - | new | OPTIONS | |
| NORTHWEST BANCSHARES INC | NWBI | $454.8K | 30,000 | +0.01pp | 4q | HELD | |
| RESTAURANT BRANDS INTL INC CALL+PUT | QSR | $420.6K | options only | - | new | OPTIONS | |
| DELTA AIR LINES INC | DAL | $374.6K | 4,000 | - | new | NEW | |
| EROCK INC | EROC | $362.5K | 25,000 | - | new | NEW | |
| LASER PHOTONICS CORP CALL | LASE | $330.0K | options only | - | new | OPTIONS | |
| INTERNATIONAL MONEY EXPRESS | IMXI | $313.6K | 21,700 | flat | 2q | HELD | |
| LIBERTY MEDIA CORP DEL | $286.7K | 250,000 | +0.01pp | 5q | DEBT | ||
| JANUS HENDERSON GROUP PLC | JHG | $259.8K | 5,000 | flat | 2q | HELD | |
| DIGITALBRIDGE GROUP INC | DBRG | $252.5K | 16,000 | flat | 2q | HELD | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $250.7K | 3,500 | +0.01pp | 2q | HELD | |
| STELLAR BANCORP INC | STEL | $247.7K | 6,300 | +0.01pp | 2q | HELD | |
| CLEAR CHANNEL OUTDOOR HLDGS | CCO | $243.9K | 100,800 | flat | 2q | HELD | |
| EDISON INTL | EIX | $223.3K | 3,000 | flat | 2q | HELD | |
| TWO HARBORS INVENTMENT CORPO | TWO | $211.0K | 17,000 | flat | 2q | HELD | |
| EXYN TECHNOLOGIES INC | $171.6K | 129,000 | - | new | NEW | ||
| GEN DIGITAL INC | GENVR | $141.1K | 111,569 | +0.01pp | 5q | HELD | |
| BEYOND AIR INC | XAIR | $122.3K | 274,208 | -0.01pp | 2q | -16.9%-$24.9K | |
| LENSAR INC | LNSR | $75.5K | 13,223 | -0.02pp | 3q | -63.8%-$133.3K | |
| CPI AEROSTRUCTURES INC | CVU | $73.6K | 14,178 | flat | 2q | HELD | |
| VALION BIO INC | VBIO | $59.8K | 115,000 | - | new | NEW | |
| QUANTUM LEAP ACQUISITION COR | $13.0K | 100,000 | - | new | NEW |
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 |
|---|---|---|
| Banks & Lending | $315.1M | 43.5% |
| Energy | $67.9M | 9.4% |
| Transport & Logistics | $56.3M | 7.8% |
| Semiconductors & Electronics | $34.7M | 4.8% |
| Insurance | $26.2M | 3.6% |
| Utilities | $18.8M | 2.6% |
| Telecom & Media | $18.4M | 2.5% |
| Biotech & Pharma | $18.4M | 2.5% |
| Holding & Investment | $15.0M | 2.1% |
| Mining & Metals | $14.8M | 2.0% |
| Chemicals | $12.1M | 1.7% |
| Capital Markets | $11.9M | 1.6% |
| Other sectors | $18.1M | 2.5% |
| Not classified | $97.1M | 13.4% |
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 |
|---|---|---|---|---|
| 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% |
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 | $724.8M | 84 | 41 | 5 | 8 | 34 | 60.9% | 45 |
| Q1 2026 | $791.1M | 77 | 55 | 3 | 5 | 37 | 81.0% | 45 |
| Q4 2025 | $621.5M | 59 | 32 | 5 | 7 | 53 | 75.5% | 48 |
| Q3 2025 | $788.2M | 80 | 57 | 3 | 7 | 38 | 80.6% | 45 |
| Q2 2025 | $282.4M | 61 | 25 | 7 | 12 | 57 | 76.3% | 45 |
| Q1 2025 | $1.9B | 93 | 62 | 11 | 5 | 24 | 84.9% | 45 |
| Q4 2024 | $233.7M | 55 | 29 | 3 | 9 | 52 | 74.6% | 45 |
| Q3 2024 | $368.2M | 78 | 46 | 4 | 12 | 27 | 67.6% | 45 |
| Q2 2024 | $648.5M | 59 | 23 | 10 | 9 | 39 | 74.5% | 46 |
| Q1 2024 | $1.2B | 75 | 56 | 6 | 4 | 16 | 79.2% | 46 |
| Q4 2023 | $574.1M | 35 | 19 | 5 | 4 | 36 | 87.2% | 45 |
| Q3 2023 | $779.6M | 52 | 27 | 5 | 6 | 49 | 88.1% | 45 |
| Q2 2023 | $787.7M | 74 | 49 | 5 | 13 | 15 | 92.6% | 45 |
| Q1 2023 | $702.6M | 40 | 13 | 14 | 9 | 20 | 94.5% | 45 |
| Q4 2022 | $757.2M | 47 | 16 | 10 | 12 | 54 | 94.3% | 41 |
| Q3 2022 | $345.1M | 85 | 23 | 7 | 12 | 43 | 80.8% | 46 |
| Q2 2022 | $522.6M | 105 | 32 | 15 | 13 | 39 | 83.2% | 46 |
| Q1 2022 | $523.6M | 112 | 40 | 7 | 16 | 70 | 76.8% | 42 |
| Q4 2021 | $1.1B | 142 | 74 | 10 | 22 | 38 | 81.4% | 45 |
| Q3 2021 | $201.2M | 106 | 38 | 10 | 12 | 65 | 50.6% | 46 |
| Q2 2021 | $278.3M | 133 | 0 | 0 | 0 | 0 | 49.7% | 44 |
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.