Murchinson Ltd.
Reported holdings as of Q2 2026, from 21 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| CANADIAN IMPERIAL BANK OF CO OPT | CM | $94.9M | 110,062 | +10.54pp | 3q | HELD | |
| BANK MONTREAL MEDIUM OPT | BMO | $82.9M | options only | +5.97pp | 4q | OPTIONS | |
| TORONTO DOMINION BK ONT OPT | TD | $62.1M | options only | +2.55pp | 4q | OPTIONS | |
| ROYAL BK CDA OPT | 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 OPT | 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 OPT | SU | $24.6M | 13,076 | +1.51pp | 2q | HELD | |
| CANADIAN NATL RY CO OPT | CNI | $23.6M | 8,135 | +2.40pp | 2q | -50.5%-$24.1M | |
| ISHARES INC | EWY | $20.2M | 100,000 | - | new | NEW | |
| TC ENERGY CORP OPT | 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 OPT | CNQ | $13.6M | 40,635 | +0.58pp | 2q | HELD | |
| BRIGHTHOUSE FINL INC OPT | BHF | $12.9M | 103,740 | +1.75pp | 2q | +2673.8%+$12.4M | |
| BROOKFIELD ASSET MANAGMT LTD OPT | BAM | $11.6M | 18,924 | - | new | NEW | |
| YORKVILLE ACQUISITION CORP. | MCGA | $10.2M | 1,000,400 | +0.13pp | 4q | HELD | |
| SUN LIFE FINANCIAL INC. OPT | SLF | $10.2M | options only | - | new | OPTIONS | |
| NUTRIEN LTD OPT | NTR | $10.1M | 27,631 | -31.29pp | 4q | -95.8%-$230.7M | |
| VANECK ETF TRUST OPT | SMH | $9.8M | options only | - | new | OPTIONS | |
| BROOKFIELD CORP OPT | BN | $9.6M | 7,638 | - | new | NEW | |
| ISHARES TR OPT | IGV | $9.1M | options only | - | new | OPTIONS | |
| IMPERIAL OIL LTD OPT | 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 OPT | 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 OPT | MTUM | $6.0M | options only | - | new | OPTIONS | |
| MARVELL TECHNOLOGY INC | MRVL | $6.0M | 20,000 | - | new | NEW | |
| ENBRIDGE INC OPT | ENB | $5.8M | 15,141 | +0.18pp | 3q | HELD | |
| TAKE-TWO INTERACTIVE SOFTWAR OPT | TTWO | $5.0M | options only | - | new | OPTIONS | |
| WASTE CONNECTIONS INC OPT | WCN | $4.8M | options only | - | new | OPTIONS | |
| BARRICK MNG CORP OPT | B | $4.6M | options only | - | new | OPTIONS | |
| ATLANTIC UN BANKSHARES CORP | AUB | $4.5M | 106,874 | +0.14pp | 6q | HELD | |
| WHEATON PRECIOUS METALS CORP OPT | WPM | $4.5M | options only | - | new | OPTIONS | |
| BANK NOVA SCOTIA B C OPT | BNS | $4.3M | options only | -1.98pp | 2q | OPTIONS | |
| TECK RESOURCES LTD OPT | TECK | $4.2M | options only | - | new | OPTIONS | |
| TRULIEVE CANNABIS CORP | TRLV | $3.5M | 355,200 | - | new | NEW | |
| PG&E CORP OPT | PCG | $3.4M | options only | +0.13pp | 2q | OPTIONS | |
| SK TELECOM CO LTD | SKM | $3.2M | 100,000 | - | new | NEW | |
| MANULIFE FINL CORP OPT | MFC | $3.1M | options only | - | new | OPTIONS | |
| CENOVUS ENERGY INC OPT | CVE | $2.7M | options only | - | new | OPTIONS | |
| ECHOSTAR CORP OPT | ECHO | $2.5M | options only | -0.02pp | 2q | OPTIONS | |
| ROGERS COMMUNICATIONS INC OPT | RCI | $2.1M | options only | - | new | OPTIONS | |
| NIKE INC OPT | 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 OPT | 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 OPT | AEM | $1.6M | options only | - | new | OPTIONS | |
| PEMBINA PIPELINE CORP | PBA | $1.2M | 25,038 | - | new | NEW | |
| SHOPIFY INC OPT | SHOP | $1.1M | options only | - | new | OPTIONS | |
| CAE INC OPT | CAE | $1.1M | 15,021 | - | new | NEW | |
| GROUPON INC | $996.9K | 1,000,000 | - | new | DEBT | ||
| BROOKFIELD INFRASTRUCTURE PA OPT | 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 OPT | KEEL | $574.0K | options only | - | new | OPTIONS | |
| VIVOPOWER PLC OPT | VIVO | $517.0K | options only | - | new | OPTIONS | |
| NORTHWEST BANCSHARES INC | NWBI | $454.8K | 30,000 | +0.01pp | 4q | HELD | |
| RESTAURANT BRANDS INTL INC OPT | 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 OPT | 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% |
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.