WOLVERINE ASSET MANAGEMENT LLC
Long book
$2.32B
Q1 2026
Positions
1183
Top-10 weight
18%
concentration
Last quarter
+6.8%
SPY +14.8%
Turnover
40%
of book per quarter
Strategy in plain words
auto-generated from filingsWOLVERINE ASSET MANAGEMENT LLC is a market maker — positions are inventory, not bets, running a $2.32B US long book across 1183 positions.
The portfolio is broadly diversified across 1183 positions (top 10 only 18%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALBEMARLE CORP, BRIGHTSPRING HEALTH SERV, IREN LTD, SHIFT4 PAYMENTS INC, BRUKER CORP.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.4%
Q2 2024
+8.1%
Q3 2024
+3.6%
Q4 2024
-5.1%
Q1 2025
+8.8%
Q2 2025
+6.8%
Q3 2025
+5.2%
Q4 2025
-1.5%
Q1 2026
+6.8%
Sector allocation
Financials 44%
Technology 15%
Materials 8%
Other 8%
Industrials 6%
Services media 6%
Utilities 5%
Healthcare 4%
Long book by quarter
What does WOLVERINE ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ALB ALBEMARLE CORP | Materials | 1.5M | $109.6M | 4.7% | +5.3% |
| BTSG 6.75 02/01/27 BRIGHTSPRING HEALTH SERV | — | 342.0K | $48.7M | 2.1% | -33.8% |
| IREN IREN LTD | Financials | 1.2M | $42.3M | 1.8% | -59.9% |
| FOUR SHIFT4 PAYMENTS INC | Services media | 706.6K | $39.0M | 1.7% | +39.8% |
| BRKR BRUKER CORP | Healthcare | 127.8K | $36.8M | 1.6% | +9.3% |
| ORCL ORACLE CORP | Technology | 734.3K | $33.7M | 1.5% | New |
| TSLA TESLA INC | Industrials | 75.0K | $27.9M | 1.2% | New |
| META META PLATFORMS INC-CLASS A | Technology | 47.4K | $27.1M | 1.2% | +45.1% |
| EVAC EQV VENTURES ACQUISITION C-A | Financials | 2.6M | $25.8M | 1.1% | +43.9% |
| NEE NEXTERA ENERGY INC | Utilities | 462.0K | $23.2M | 1.0% | New |
| ANSC AGRICULTURE & NATURAL SOLUTI | Financials | 2.0M | $22.4M | 1.0% | 0.0% |
| NVDA NVIDIA CORP | Technology | 113.9K | $19.9M | 0.9% | New |
| NEE NEXTERA ENERGY INC | Utilities | 355.3K | $18.6M | 0.8% | +4466.0% |
| PCG PG&E CORP | Utilities | 415.0K | $17.9M | 0.8% | -13.2% |
| DMII DRUGS MADE IN AMERICA ACQUIS | Financials | 1.8M | $17.9M | 0.8% | +68.9% |
| DMAA DRUGS MADE IN AMERICA ACQUIS | Financials | 1.6M | $16.3M | 0.7% | +18.8% |
| NOVT NOVANTA INC | Technology | 302.7K | $16.2M | 0.7% | +18.9% |
| POLE ANDRETTI ACQUISITION CORP -A | Financials | 1.3M | $14.3M | 0.6% | +29.0% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 80.3K | $14.0M | 0.6% | +151.4% |
| TDAC TRANSLATIONAL DEVELOPMENT AC | Financials | 1.3M | $13.2M | 0.6% | -8.5% |
| CUB LIONHEART HOLDINGS - CL A | Financials | 1.2M | $13.1M | 0.6% | -6.5% |
| HPE 7.625 09/01/27 HP ENTERPRISE CO | — | 192.8K | $12.6M | 0.5% | +90.7% |
| SOUL SOULPOWER ACQUISITION CO-A | Financials | 1.2M | $12.5M | 0.5% | -5.1% |
| QXO QXO INC | Consumer discretionary | 222.7K | $12.4M | 0.5% | +30.9% |
| BA BOEING CO/THE | Industrials | 61.9K | $12.3M | 0.5% | -54.3% |
| DBCA D. BORAL ACQUISITION I-CL A | Financials | 1.2M | $12.1M | 0.5% | New |
| GTERA GLOBA TERRA ACQUISITION CO-A | Financials | 1.1M | $11.6M | 0.5% | -2.5% |
| WENN WEN ACQUISITION CORP-A | Financials | 1.1M | $11.3M | 0.5% | +169.1% |
| NTWO NEWBURY STREET II AC-CLASS A | Financials | 1.1M | $11.3M | 0.5% | 0.0% |
| JACS JACKSON ACQUISITION CO-CL A | Financials | 1.1M | $11.1M | 0.5% | +6.8% |
| MACI MELAR ACQUISITION CORP I-A | Services media | 1.0M | $11.1M | 0.5% | -0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 53.1K | $11.1M | 0.5% | New |
| LPAA LAUNCH ONE ACQUISITION CORP | Financials | 1.0M | $10.9M | 0.5% | -0.2% |
| SBXD SILVERBOX CORP IV-A | Financials | 993.8K | $10.6M | 0.5% | +2.2% |
| ALF CENTURION ACQUISITION CORP | Financials | 946.8K | $10.2M | 0.4% | -1.5% |
| SZZL SIZZLE ACQUISITION CORP-CL A | Financials | 973.6K | $10.0M | 0.4% | -2.8% |
| KFII K&F GROWTH ACQUISITION COR-A | Financials | 948.8K | $9.9M | 0.4% | -20.9% |
| AIIA AI INFRASTRUCTURE AC-A | Financials | 978.2K | $9.8M | 0.4% | +2.9% |
| APXT APEX TREASURY CORP-CL A | Financials | 986.5K | $9.8M | 0.4% | -13.2% |
| MSFT MICROSOFT CORP | Technology | 26.3K | $9.7M | 0.4% | +26.1% |
| ENPH ENPHASE ENERGY INC | Technology | 254.1K | $9.6M | 0.4% | +63.5% |
| SOCA SOLARIUS CAPITAL ACQUIS-CL A | Financials | 916.0K | $9.3M | 0.4% | +45.9% |
| TACO BERTO ACQUISITION CORP | Financials | 899.9K | $9.2M | 0.4% | +2587.3% |
| WHR 8.5 02/15/29 A WHIRLPOOL CORP | — | 221.2K | $9.1M | 0.4% | New |
| NMP NMP ACQUISITION CORP - A | Financials | 874.9K | $8.9M | 0.4% | +1.8% |
| AG FIRST MAJESTIC SILVER CORP | Materials | 411.2K | $8.8M | 0.4% | +43.0% |
| SNOW SNOWFLAKE INC | Technology | 57.6K | $8.7M | 0.4% | +55.8% |
| CRM SALESFORCE INC | Technology | 45.7K | $8.5M | 0.4% | +301.8% |
| OBA OXLEY BRIDGE ACQUISITIO-CL A | Financials | 824.6K | $8.4M | 0.4% | +0.3% |
| GPAT GP-ACT III ACQUISITION-A | Financials | 745.4K | $8.1M | 0.3% | -21.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 1678 | $10.39B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 1648 | $12.69B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 1591 | $13.52B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 1599 | $10.81B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 1552 | $8.37B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 1610 | $10.00B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 1643 | $9.28B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 1653 | $8.84B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 1657 | $8.75B | canonical | SEC ↗ |