Warberg Asset Management LLC
Long book
$88.2M
Q1 2026
Positions
141
Top-10 weight
52%
concentration
Last quarter
+3.5%
SPY +14.8%
Turnover
54%
of book per quarter
Strategy in plain words
auto-generated from filingsWarberg Asset Management LLC is a quantitative fund whose holdings reflect models, not opinions, specialised in financials (65% of the long book), running a $88.2M US long book across 141 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: OCCIDENTAL PETROLEUM-CW27, CORNERSTONE STRATEGIC INVEST, ALBEMARLE CORP, SHIFT4 PAYMENTS INC, CORE SCIENTIFIC INC - 27.
Over the last 9 quarters its long book ran on average 3.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-6.1%
Q2 2024
-13.3%
Q3 2024
+12.2%
Q4 2024
+3.4%
Q1 2025
+5.4%
Q2 2025
+5.4%
Q3 2025
-3.7%
Q4 2025
+2.3%
Q1 2026
+3.5%
Sector allocation
Financials 57%
Real estate 12%
Materials 8%
Healthcare 8%
Services media 7%
Other 4%
Technology 2%
Consumer staples 1%
Long book by quarter
What does Warberg Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ALB ALBEMARLE CORP | Materials | 38.5K | $2.8M | 3.1% | +219.9% |
| FOUR SHIFT4 PAYMENTS INC | Services media | 50.0K | $2.7M | 3.1% | New |
| EPR EPR PROPERTIES | Real estate | 99.9K | $2.3M | 2.6% | +2.9% |
| STXS STEREOTAXIS INC | Healthcare | 1.1M | $2.0M | 2.3% | -1.2% |
| BAC 7.25 PERP L BANK OF AMERICA CORP | — | 1.5K | $1.8M | 2.0% | +71.8% |
| FGII FG IMPERII ACQUISITION-CL A | Financials | 154.9K | $1.5M | 1.7% | New |
| EPR EPR PROPERTIES | Real estate | 49.3K | $1.5M | 1.7% | -11.1% |
| XSLL XSOLLA SPAC 1-CL A | Financials | 143.0K | $1.4M | 1.6% | New |
| VNME VENDOME ACQUISITION CORP-A | Financials | 119.0K | $1.2M | 1.4% | -14.1% |
| TAVI TAVIA ACQUISITION CORP | Financials | 104.4K | $1.1M | 1.2% | Held |
| NEN NEW ENGLAND REALTY ASSOC-LP | Real estate | 17.7K | $1.1M | 1.2% | +3.9% |
| CHAR CHARLTON ARIA ACQUISITI-CL A | Financials | 98.7K | $1.0M | 1.2% | 0.0% |
| PTOR PRAETORIAN ACQUISITION COR-A | Financials | 100.0K | $980K | 1.1% | New |
| DMAA DRUGS MADE IN AMERICA ACQUIS | Financials | 92.1K | $966K | 1.1% | 0.0% |
| ORIQ ORIGIN INVESTMENT CORP I | Financials | 83.6K | $852K | 1.0% | Held |
| BKHA BLACK HAWK ACQUISITION COR-A | Healthcare | 72.3K | $841K | 1.0% | Held |
| KCHV KOCHAV DEFENSE ACQUISITION-A | Financials | 76.8K | $787K | 0.9% | 0.0% |
| TDAC TRANSLATIONAL DEVELOPMENT AC | Financials | 73.4K | $777K | 0.9% | Held |
| DBCA D. BORAL ACQUISITION I-CL A | Financials | 77.0K | $759K | 0.9% | New |
| SVAQ SILICON VALLEY ACQUISIT-CL A | Financials | 75.0K | $742K | 0.8% | New |
| XCBE X3 ACQUISITION CORP LTD-CL A | Financials | 75.0K | $738K | 0.8% | New |
| VHCP VINE HILL CAPITAL INVES-CL A | Financials | 70.5K | $698K | 0.8% | New |
| RFAM RF ACQUISITION CORP III | Financials | 70.0K | $685K | 0.8% | New |
| CRAQ CAL REDWOOD ACQUISIT-CL A | Financials | 49.9K | $507K | 0.6% | Held |
| ARTC ART TECHNOLOGY ACQUISIT-CL A | Financials | 50.0K | $491K | 0.6% | New |
| CRAC CROWN RESERVE ACQUISITI-CL A | Financials | 47.1K | $472K | 0.5% | -4.5% |
| SCII SC II ACQUISITION CORP-CL A | Financials | 46.2K | $461K | 0.5% | New |
| MMTX MILUNA ACQUISITION CL A | Financials | 46.0K | $460K | 0.5% | 0.0% |
| TVAI THAYER VENTURES ACQUIS CL A | Financials | 44.7K | $455K | 0.5% | Held |
| INAC INDIGO ACQUISITION CORP | Financials | 44.6K | $453K | 0.5% | Held |
| LKSP LAKE SUPERIOR ACQUISITI-CL A | Financials | 44.9K | $451K | 0.5% | Held |
| PL PLANET LABS PBC | Technology | 27.1K | $445K | 0.5% | +90.5% |
| POST POST HOLDINGS INC | Consumer staples | 4.5K | $445K | 0.5% | Held |
| USAR USA RARE EARTH INC | Materials | 25.3K | $383K | 0.4% | Held |
| HAVA HARVARD AVE ACQUISITION-CL A | Financials | 37.5K | $375K | 0.4% | Held |
| GTERA GLOBA TERRA ACQUISITION CO-A | Financials | 36.3K | $370K | 0.4% | Held |
| OTGA OTG ACQUISITION CORP I-CL A | Financials | 35.4K | $357K | 0.4% | Held |
| CHPG CHAMPIONSGATE ACQUISITIO-A | Financials | 34.7K | $356K | 0.4% | Held |
| YCY AA MISSION ACQUISITION-A | Financials | 35.0K | $352K | 0.4% | 0.0% |
| CCAQ COLLECTIVE ACQUISITION CORP | Financials | 28.3K | $292K | 0.3% | -0.4% |
| APAC STONEBRIDGE ACQUISITION CL A | Financials | 27.5K | $276K | 0.3% | Held |
| MKLY MCKINLEY ACQUISITION CO-CL A | Financials | 27.0K | $271K | 0.3% | Held |
| PGAC PANTAGES CAPITAL ACQUISITION | Financials | 24.8K | $259K | 0.3% | -67.5% |
| ENHA ENHANCED GROUP INC | Services media | 25.0K | $254K | 0.3% | Held |
| SOCA SOLARIUS CAPITAL ACQUIS-CL A | Financials | 24.9K | $253K | 0.3% | Held |
| EVOX EVOLUTION GLOBAL ACQUIS-CL A | Financials | 25.0K | $249K | 0.3% | Held |
| TDWD TAILWIND 2.0 ACQUISITIO-CL A | Financials | 24.9K | $247K | 0.3% | Held |
| LAFA LAFAYETTE ACQUISITION CORP | Financials | 24.6K | $245K | 0.3% | Held |
| AXIN AXIOM INTELLIGENCE-CL A | Financials | 24.0K | $243K | 0.3% | 0.0% |
| DRDB ROMAN DBDR ACQUISITION CORP | Financials | 23.2K | $243K | 0.3% | -2.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 192 | $599.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 181 | $831.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 188 | $626.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 182 | $643.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 191 | $605.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 198 | $655.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 209 | $562.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 220 | $658.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 213 | $696.5M | canonical | SEC ↗ |