Arkolith/Funds/Murchinson Ltd.

Murchinson Ltd.

CIK 1838556Market maker
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Murchinson Ltd. holds a concentrated book of 60 stocks worth $248.8M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened South Bow Corp and trimmed Oramed Pharmaceuticals Inc. Their largest long position is South Bow Corp at 23% of the equity book. They also disclosed $360.6M in put options (a bearish bet) and $181.7M in call options (bullish), shown separately below and excluded from the equity book.

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holdings, largest changes, and filing provenance.
Opened
47
new positions
Added to
3
existing
Trimmed
3
reduced
Sold out
26
exited

Concentration

Top-heavy: concentrated book

Top 5 holdings
69%
Top 10 holdings
83%
Top 20 holdings
95%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

94% mapped to company sectors

Industrials
34%
Materials
22%
Financials
16%
Information Technology
11%
ETF / fund or unclassified
6%
Health Care
5%
Communication Services
4%
Energy
1%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

60 positions
#SecurityValueShares% PortLast moveHistory
1South Bow Corp
COM
$57.5M1.73M
23.1%
New
New position
2Nutrien Ltd
COM
$49.8M659.5K
20.0%
New
New position
3Nano Dimension Ltd
SPONSORD ADS NEW
$26.4M15.55M
10.6%
Held
4Chart Inds Inc
COM
$24.9M120.5K
10.0%
New
New position
5Royal BK Cda
COM
$12.2M75.2K
4.9%
New
New position
6Yorkville Acquisition Corp.
SHS CL A
$10.1M1.00M
4.1%
Held
7Warner Bros Discovery Inc
COM SER A
$8.2M300.0K
3.3%
New
New position
8New Amer Acquisition I Corp
UNIT 99/99/9999
$7.8M755.1K
3.2%
New
New position
9Pelthos Therapeutics Inc
COM SHS
$6.2M296.3K
2.5%
+2.4%
Added · +7K sh
10Vaneck ETF Trust
JUNIOR GOLD MINE
$4.5M37.5K
1.8%
New
New position
11Oramed Pharmaceuticals Inc
COM NEW
$4.5M1.32M
1.8%
−1.9%
Reduced · −25K sh
12Atlantic Un Bankshares Corp
COM
$3.8M106.9K
1.5%
Held
13Sunococorp LLC
COM SHS LLC
$3.6M58.5K
1.5%
−82%
Reduced · −259K sh
14Advisorshares TR
PURE US CANNABIS
$3.5M999.9K
1.4%
New
New position
15Bank Montreal Medium
COM
$2.7M20.0K
1.1%
+50%
Added · +7K sh
16Kenvue Inc
COM
$2.6M150.0K
1.0%
Held
17USA Today Co Inc
COM
$2.3M320.0K
0.9%
−24%
Reduced · −100K sh
18SPDR Series Trust
STATE STREET SPD
$2.0M21.8K
0.8%
New
New position
19Ishares TR
0-3 MNTH TREASRY
$2.0M19.9K
0.8%
New
New position
20Canadian Natl Ry Co
COM
$1.7M16.4K
0.7%
New
New position
21Ishares Silver TR
ISHARES
$1.0M15.0K
0.4%
New
New position
22Atkore Inc
COM
$884K15.0K
0.4%
New
New position
23Under Armour Inc
CL C
$869K150.0K
0.3%
New
New position
24Franco Nev Corp
COM
$782K3.2K
0.3%
New
New position
25Osisko Development Corp
COM NEW
$650K200.0K
0.3%
New
New position
26Northwest Bancshares Inc
COM
$381K30.0K
0.2%
Held
27International Money Express
COM
$343K21.7K
0.1%
New
New position
28Incannex Healthcare Inc
COM
$312K104.1K
0.1%
New
New position
29Liberty Media Corp Del
NOTE 3.750% 3/1
$260K250.0K
0.1%
Held
30Janus Henderson Group PLC
ORD SHS
$257K5.0K
0.1%
New
New position
31Enhabit Inc
COM
$249K17.7K
0.1%
New
New position
32Blue Foundry Bancorp
COM
$249K18.8K
0.1%
New
New position
33Digitalbridge Group Inc
CL A NEW
$247K16.0K
0.1%
New
New position
34Proassurance Corp
COM
$245K9.9K
0.1%
New
New position
35CSG Sys Intl Inc
COM
$245K3.1K
0.1%
New
New position
36On24 Inc
COM
$244K30.1K
0.1%
New
New position
37Onestream Inc
CL A
$242K10.1K
0.1%
New
New position
38Amicus Therapeutic
COM
$241K16.7K
0.1%
New
New position
39Great Lakes Dredge & Dock Co
COM
$241K14.2K
0.1%
New
New position
40Diamond Hill Invt Group Inc
COM NEW
$241K1.4K
0.1%
New
New position
41Air Lease Corp
CL A
$240K3.7K
0.1%
New
New position
42Semrush Hldgs Inc
CL A COM
$240K20.1K
0.1%
New
New position
43Sealed Air Corp New
COM
$240K5.7K
0.1%
New
New position
44Veris Residential Inc
COM
$240K12.7K
0.1%
New
New position
45Cantaloupe Inc
COM
$239K22.1K
0.1%
New
New position
46Clear Channel Outdoor Hldgs
COM
$239K100.8K
0.1%
New
New position
47Clearwater Analytics Hldgs I
CL A
$237K10.0K
0.1%
New
New position
48Tri Pointe Homes Inc
COM
$234K5.0K
0.1%
New
New position
49Heritage Comm Corp
COM
$232K18.6K
0.1%
New
New position
50Northwestern Energy Group In
COM NEW
$231K3.5K
0.1%
New
New position
Showing 50 of 60 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$360.6M
Call notional (bullish)$181.7M
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishNUTRIEN LTDNTR$203.9M2.7M
CALL · bullishROYAL BANK OF CANADARY$54.0M334K
PUT · bearishROYAL BANK OF CANADARY$54.0M334K
PUT · bearishTORONTO-DOMINION BANKTD$23.8M255K
CALL · bullishTORONTO-DOMINION BANKTD$23.8M255K
CALL · bullishBANK OF MONTREALBMO$20.3M150K
PUT · bearishBANK OF MONTREALBMO$20.3M150K
CALL · bullishORACLE CORPORCL$14.7M100K
PUT · bearishTC ENERGY CORPTRP$11.0M176K
CALL · bullishTC ENERGY CORPTRP$11.0M176K
CALL · bullishBANK OF NOVA SCOTIABNS$10.2M147K
PUT · bearishBANK OF NOVA SCOTIABNS$10.2M147K
PUT · bearishCAN IMPERIAL BK OF COMMERCECM$10.1M107K
CALL · bullishCAN IMPERIAL BK OF COMMERCECM$10.1M107K
PUT · bearishSUNCOR ENERGY INCSU$7.5M113K
CALL · bullishSUNCOR ENERGY INCSU$7.5M113K
PUT · bearishCANADIAN NATURAL RESOURCESCNQ$5.1M105K
CALL · bullishCANADIAN NATURAL RESOURCESCNQ$5.1M105K
CALL · bullishNUTRIEN LTDNTR$4.9M64K
PUT · bearishCANADIAN PACIFIC KANSAS CITYCP$4.5M58K
CALL · bullishCANADIAN PACIFIC KANSAS CITYCP$4.5M58K
PUT · bearishNEXTNAV INCNN$3.2M200K
CALL · bullishFIRST SOLAR INCFSLR$3.0M15K
CALL · bullishECHOSTAR CORP-ASATS$2.9M25K
CALL · bullishP G & E CORPPCG$2.6M150K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above. Showing the largest 25 of 35 option legs.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202695$791.1M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202675$621.5M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202596$788.2M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202562$282.4M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.