SEC 13F Intelligence

Managers / Q3 2023 · view latest →

WOLVERINE ASSET MANAGEMENT LLC

CIK 0001279891 · 175 W. JACKSON, SUITE 340, CHICAGO, IL, 60064 · 3128844400

Reported Value
$8.9B
Q3 2023
Positions
1,865
Filings on Record
30
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Wolverine Asset Management LLC reported $8.9B in U.S.-listed holdings across 1,865 positions for Q3 2023.

Its largest position, Ati, represents 2.3% of the portfolio.

Compared with Q2 2023, the fund opened 284 new positions and exited 267.

Portfolio Metrics

Turnover
+21.6%
vs prior filed quarter
Top-10 Concentration
+13.8%
share of reported value
Largest Position
+2.3%
Ati
New / Exited
284 / 267
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $8.3BQ4 ’18Q1 ’19: $7.3BQ2 ’19: $7.7BQ3 ’19: $7.9BQ4 ’19: $8.6BQ4 ’19Q1 ’20: $6.9BQ2 ’20: $10.0BQ3 ’20: $11.3BQ4 ’20: $13.6BQ4 ’20Q1 ’21: $11.8BQ2 ’21: $13.1BQ3 ’21: $11.6BQ4 ’21: $10.7BQ4 ’21Q1 ’22: $10.2BQ2 ’22: $10.0BQ3 ’22: $9.3BQ4 ’22: $9.7BQ4 ’22Q1 ’23: $8.5BQ2 ’23: $8.4BQ3 ’23: $8.9BQ4 ’23: $11.7BQ4 ’23Q1 ’24: $8.7BQ2 ’24: $8.8BQ3 ’24: $9.3BQ4 ’24: $10.0BQ4 ’24Q1 ’25: $8.4BQ2 ’25: $10.8BQ3 ’25: $13.5BQ4 ’25: $12.7BQ4 ’25Q1 ’26: $10.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 39.1%US DOMESTIC: 37.6%Other: 7.6%GLOBAL: 5.5%ETP: 2.4%Other: 7.7%
  • Common Stock · 39.1% · $3.5B
  • US DOMESTIC · 37.6% · $3.3B
  • Other · 7.6% · $680M
  • GLOBAL · 5.5% · $490M
  • ETP · 2.4% · $218M
  • Other · 7.7% · $687M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ZTO EXPRESS CAYMAN INCNEW+92.11M92.11M+$89M$89M
SAREPTA THERAPEUTICS INCNEW+74.97M74.97M+$84M$84M
CYTOKINETICS INCNEW+89.37M89.37M+$76M$76M
ROYAL CARIBBEAN GROUPNEW+33.80M33.80M+$67M$67M
SEA LTDNEW+63.13M63.13M+$60M$60M
INFINERA CORPNEW+62.50M62.50M+$58M$58M
HALOZYME THERAPEUTICS INCNEW+51.19M51.19M+$48M$48M
ALTAIR ENGR INCNEW+44.28M44.28M+$47M$47M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ATI INCNOTE 3.500% 6/12.25%$201M74.42M
2PDD HOLDINGS INCNOTE 10/02.17%$194M84.24M
3ENPHASE ENERGY INCNOTE 3/0 · NOTE 0.250% 3/01.83%$163M147.08M
4ZILLOW GROUP INCNOTE 1.375% 9/0 · NOTE 0.750% 9/01.63%$145M122.26M
5ASCENDIS PHARMA A/SNOTE 2.250% 4/01.44%$129M139.63M
6LI AUTO INCNOTE 0.250% 5/01.39%$124M87.84M
7DRAFTKINGS INC NEWNOTE 3/11.26%$112M147.93M
8CONMED CORPNOTE 2.250% 6/11.13%$101M105.78M
9AIRBNB INCNOTE 3/11.01%$90M102.09M
10ZTO EXPRESS CAYMAN INCNOTE 1.500% 9/01.00%$89M92.11M
11SAREPTA THERAPEUTICS INCNOTE 1.250% 9/10.94%$84M74.97M
12CYTOKINETICS INCNOTE 3.500% 7/00.85%$76M89.37M
13MACOM TECH SOLUTIONS HLDGS INOTE 0.250% 3/10.77%$68M59.94M
14INSMED INCNOTE 0.750% 6/00.76%$68M68.31M
15SNAP INCNOTE 0.750% 8/00.76%$67M76.72M
16ROYAL CARIBBEAN GROUPNOTE 6.000% 8/10.75%$67M33.80M
17SEA LTDNOTE 2.375%12/00.68%$60M63.13M
18INFINERA CORPNOTE 3.750% 8/00.65%$58M62.50M
19NATERA INCNOTE 2.250% 5/00.61%$54M40.70M
20LUMENTUM HLDGS INCNOTE 0.500%12/10.60%$54M63.68M
21PAGERDUTY INCNOTE 1.250% 7/00.59%$53M55.03M
22SHIFT4 PMTS INCNOTE 12/10.54%$48M48.72M
23AAPLAPPLE INChistory →COM0.54%$48M280.9K
24HALOZYME THERAPEUTICS INCNOTE 1.000% 8/10.54%$48M51.19M
25ALTAIR ENGR INCNOTE 1.750% 6/10.53%$47M44.28M
26INNOVIVA INCNOTE 2.500% 8/10.52%$46M46.36M
27PERFICIENT INCNOTE 0.125%11/10.50%$45M55.35M
28NIO INCNOTE 4.500% 2/00.50%$44M39.77M
29RBC BEARINGS INC5% CNV PFD SR A0.49%$43M393.2K
30CARNIVAL CORPNOTE 5.750%10/00.48%$43M28.70M
31SPDR S&P 500 ETF TRTR UNIT0.48%$43M100.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$10.4B1,678May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$12.7B1,648Feb 2, 202613F-HRchanges · EDGAR ↗
Q3 2025$13.5B1,591Oct 28, 202513F-HRchanges · EDGAR ↗
Q2 2025$10.8B1,599Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$8.4B1,552May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$10.0B1,610Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$9.3B1,643Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$8.8B1,653Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$8.7B1,657May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$11.7B1,775Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$8.9B1,865Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$8.4B1,794Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$8.5B1,858May 8, 202313F-HRchanges · EDGAR ↗
Q4 2022$9.7B2,104Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$9.3B2,532Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$10.0B2,450Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$10.2B2,236May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$10.7B2,084Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$11.6B2,037Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$13.1B2,153Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$11.8B2,004May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$13.6B1,629Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$11.3B1,565Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$10.0B1,525Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$6.9B1,442May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$8.6B1,351Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$7.9B1,384Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$7.7B1,388Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$7.3B1,349May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$8.3B1,602Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Wolverine Holdings, L.P.028-17506

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.