SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Taconic Capital Advisors LP

CIK 0001390113 · 280 PARK AVENUE, 5TH FLOOR, NEW YORK, NY, 10017 · 212-209-3100

Reported Value
$662M
Q4 2025
Positions
43
includes revealed positions
Filings on Record
154
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Taconic Capital Advisors LP reported $662M in U.S.-listed holdings across 43 positions for Q4 2025.

Its largest position, FYBR, represents 8.6% of the portfolio.

Compared with Q3 2025, the fund opened 18 new positions and exited 22.

Portfolio Metrics

Turnover
+61.2%
vs prior filed quarter
Top-10 Concentration
+61.7%
share of reported value
Largest Position
+8.6%
Frontier Communications Pare
New / Exited
18 / 22
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: $1.0BQ4 ’18Q1 ’19: $2.1BQ2 ’19: $1.2BQ3 ’19: $995MQ4 ’19: $2.9BQ4 ’19Q1 ’20: $947MQ2 ’20: $1.5BQ3 ’20: $1.8BQ4 ’20: $2.2BQ4 ’20Q1 ’21: $2.8BQ2 ’21: $3.2BQ3 ’21: $3.6BQ4 ’21: $3.3BQ4 ’21Q1 ’22: $4.8BQ2 ’22: $3.3BQ3 ’22: $3.3BQ4 ’22: $2.4BQ4 ’22Q1 ’23: $1.4BQ2 ’23: $1.8BQ3 ’23: $1.5BQ4 ’23: $742MQ4 ’23Q1 ’24: $381MQ2 ’24: $671MQ3 ’24: $292MQ4 ’24: $810MQ4 ’24Q1 ’25: $509MQ2 ’25: $5.2BQ3 ’25: $482MQ4 ’25: $662MQ4 ’25Q1 ’26: $229Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.4%Other: 22.7%REIT: 5.0%
  • Common Stock · 72.4% · $479M
  • Other · 22.7% · $150M
  • REIT · 5.0% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FYBRFRONTIER COMMUNICATIONS PAREREVEALEDNEW+4.74M4.74M+$170M$170M
KELKELLANOVAREVEALEDNEW+1.83M1.83M+$148M$148M
IPGINTERPUBLIC GROUP COS INCREVEALEDNEW+2.20M2.20M+$59M$59M
KELLANOVAREVEALEDNEW+500.2K500.2K+$41M$41M
ANYWHERE REAL ESTATE INCREVEALEDNEW+1.21M1.21M+$14M$14M
MERUS N VREVEALEDNEW+145.0K145.0K+$14M$14M
KIMBERLY-CLARK CORPNEW+100.0K100.0K+$10M$10M
BABOEING COREVEALEDNEW+34.3K34.3K+$7M$7M

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

Holdings — Q4 2025REVEALED

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FYBRFRONTIER COMMUNICATIONS PAREREVEALEDhistory →COM25.67%$170M4.74M
2KELKELLANOVAREVEALEDhistory →COM22.32%$148M1.83M
3IPGINTERPUBLIC GROUP COS INCREVEALEDhistory →COM8.93%$59M2.20M
4VTOLBRISTOW GROUP INChistory →COM7.18%$48M1.30M
50HQKCBL & ASSOC PPTYS INChistory →COMMON STOCK3.33%$22M595.7K
6ECHOECHOSTAR CORPhistory →CL A2.71%$18M164.9K
7ANYWHERE REAL ESTATE INCREVEALEDCOM2.16%$14M1.21M
8MERUS N VREVEALEDCOM2.06%$14M145.0K
9GNLGLOBAL NET LEASE INChistory →COM NEW1.63%$11M1.26M
10BABOEING COREVEALEDhistory →COM1.11%$7M34.3K
11VSATVIASAT INCCOM0.94%$6M180.0K
12OMCOMNICOM GROUP INCREVEALEDCOM0.80%$5M61.7K
13CORZCORE SCIENTIFIC INC NEWREVEALEDCOM0.60%$4M221.0K
14QCOMQUALCOMM INCCOM0.59%$4M22.9K
15UNFUNIFIRST CORP MASSCOM0.52%$3M17.9K
16SU6SURMODICS INCREVEALEDCOM0.34%$2M76.4K
17EFXENERFLEX LTDCOM0.29%$2M125.5K
18OPTUOPTIMUM COMMUNICATIONS INCCL A0.17%$1M662.8K
19PTGXPROTAGONIST THERAPEUTICS INCCOM0.07%$436,7005.0K
20MRVLMARVELL TECHNOLOGY INCCOM0.06%$424,9005.0K
21CODICOMPASS DIVERSIFIEDSH BEN INT0.05%$336,00070.0K
22ECD AUTOMOTIVE DESIGN INC*W EXP 12/12/2020.00%$10,395990.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$229M15May 15, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025REVEALED$662M43Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025REVEALED$482M45Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025REVEALED$5.2B115Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025REVEALED$509M60May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024REVEALED$810M71Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024REVEALED$292M96Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024REVEALED$671M95Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$381M99May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$742M130Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.5B163Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.8B213Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.4B274May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.4B477Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.3B646Nov 14, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022REVEALED$3.3B704Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022REVEALED$4.8B586May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021REVEALED$3.3B569Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021REVEALED$3.6B483Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$3.2B478Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.8B367May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020REVEALED$2.2B201Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.8B123Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.5B47Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$947M43May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019REVEALED$2.9B47Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$995M37Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.2B41Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$2.1B51May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.0B48Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Taconic Capital Advisors UK LLP028-12491

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 ↗.