SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Westchester Capital Management, LLC

CIK 0001512805 · 100 SUMMIT LAKE DRIVE, VALHALLA, NY, 10595 · 914-741-5600

Reported Value
$2.7B
Q1 2024
Positions
630
Filings on Record
31
2019–present window
Filed
May 15, 2024
original filing

Summary

Westchester Capital Management, LLC reported $2.7B in U.S.-listed holdings across 630 positions for Q1 2024.

Its largest position, PXDEUR, represents 11.5% of the portfolio.

Compared with Q4 2023, the fund opened 42 new positions and exited 68.

Portfolio Metrics

Turnover
+29.5%
vs prior filed quarter
Top-10 Concentration
+42.8%
share of reported value
Largest Position
+11.5%
Pioneer Nat Res
New / Exited
42 / 68
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: $2.3BQ4 ’18Q1 ’19: $2.7BQ2 ’19: $3.1BQ3 ’19: $2.6BQ4 ’19: $2.8BQ4 ’19Q1 ’20: $2.6BQ2 ’20: $2.3BQ3 ’20: $2.4BQ4 ’20: $3.1BQ4 ’20Q1 ’21: $3.6BQ2 ’21: $4.3BQ3 ’21: $3.5BQ4 ’21: $3.5BQ4 ’21Q1 ’22: $3.7BQ2 ’22: $3.6BQ3 ’22: $3.6BQ4 ’22: $3.6BQ4 ’22Q1 ’23: $3.3BQ2 ’23: $3.2BQ3 ’23: $3.4BQ4 ’23: $2.9BQ4 ’23Q1 ’24: $2.7BQ2 ’24: $2.7BQ3 ’24: $2.3BQ4 ’24: $1.8BQ4 ’24Q1 ’25: $1.9BQ2 ’25: $1.9BQ3 ’25: $2.2BQ4 ’25: $2.4BQ4 ’25Q1 ’26: $2.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 60.9%Other: 24.4%ETP: 9.0%US DOMESTIC: 3.2%Closed-End Fund: 1.0%Other: 1.6%
  • Common Stock · 60.9% · $1.7B
  • Other · 24.4% · $664M
  • ETP · 9.0% · $245M
  • US DOMESTIC · 3.2% · $88M
  • Closed-End Fund · 1.0% · $26M
  • Other · 1.6% · $43M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AXNX*AXONICS INCNEW+1.14M1.14M+$79M$79M
JNPJUNIPER NETWORKS INCNEW+1.99M1.99M+$74M$74M
MGRCMCGRATH RENTCORPNEW+545.5K545.5K+$67M$67M
CTLTEURCATALENT INCNEW+1.03M1.03M+$58M$58M
ETRNUSDEQUITRANS MIDSTREAM CORPNEW+3.28M3.28M+$41M$41M
SWN1EURSOUTHWESTERN ENERGY CONEW+3.50M3.50M+$27M$27M
TECHTARGET INCNEW+20.96M20.96M+$20M$20M
DFSEURDISCOVER FINL SVCSNEW+124.1K124.1K+$16M$16M

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

Holdings — Q1 2024

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PXDEURPIONEER NAT RES COhistory →COM11.79%$321M1.22M
2HESHESS CORPhistory →COM7.57%$206M1.35M
3WRKUSDWESTROCK COhistory →COM5.34%$145M2.94M
4USX1UNITED STATES STL CORP NEWhistory →COM3.96%$108M2.64M
5AMEDAMEDISYS INChistory →COM3.09%$84M913.8K
6AXNX*AXONICS INChistory →COM2.69%$73M1.06M
7CAPRI HOLDINGS LIMITEDSHS2.52%$69M1.52M
8JNPJUNIPER NETWORKS INChistory →COM2.50%$68M1.84M
9SPLUNK INCNOTE 1.125% 6/2.28%$62M62.07M
10MGRCMCGRATH RENTCORPhistory →COM2.28%$62M504.0K
11CHURCHILL CAPITAL CORP VIICOM CL A1.94%$53M4.95M
12CTLTEURCATALENT INChistory →COM1.86%$51M899.3K
13OLINK HLDG ABSPONSORED ADS1.74%$47M2.01M
14SCREAMING EAGLE ACQUISITN COCLASS A ORD SHS1.48%$40M3.76M
15ETRNUSDEQUITRANS MIDSTREAM CORPhistory →COM1.37%$37M2.98M
16AELUSDAMERICAN EQTY INVT LIFE HLDhistory →COM1.31%$36M634.8K
17CEREVEL THERAPEUTICS HLDNG ICOM1.08%$29M694.9K
18ACIALBERTSONS COS INChistory →COMMON STOCK1.03%$28M1.31M
19SP PLUS CORPCOM0.90%$24M469.1K
20SWN1EURSOUTHWESTERN ENERGY COhistory →COM0.88%$24M3.16M
21RIGEL RESOURCE ACQ CORPCL A ORD SHS0.77%$21M1.88M
22NWLIEURNATIONAL WESTN LIFE GROUP INhistory →CL A0.65%$18M35.9K
23PATRIA LATIN AMRCN OPPRNTY ACLASS A ORD SHS0.63%$17M1.52M
24TECHTARGET INCNOTE 12/10.62%$17M17.78M
25TORTOISEECOFIN ACQUISITION CSHS CL A0.62%$17M1.56M
26ARES ACQUISITION CORP IISHS CLASS A0.60%$16M1.56M
27DFSEURDISCOVER FINL SVCShistory →COM0.55%$15M113.5K
28AGRICULTURE & NAT SOL ACQ COSHS CL0.53%$14M1.42M
29CARTESIAN GROWTH CORP IICLASS A ORD0.50%$13M1.21M
30CNDACONCORD ACQUISITION CORP IIhistory →COM CL A0.48%$13M1.24M
31TECK/BTECK RESOURCES LTDhistory →CL B0.43%$12M258.7K
32EURONAV NVSHS0.43%$12M661.8K
33SPRING VALLEY ACQUISTN CORPCLASS A ORD0.38%$10M941.5K
34CARRCARRIER GLOBAL CORPORATIONhistory →COM0.37%$10M174.5K
35ERFGBPENERPLUS CORPCOM0.37%$10M506.7K
36LEARN CW INVESTMENT CORCL A ORD SHS0.36%$10M888.6K
37BALLBALL CORPCOM0.35%$9M139.8K
38INBXUSDINHIBRX INCCOM0.30%$8M236.2K
39INVESTCORP INDIA ACQUISTN COCLASS A ORD SHS0.29%$8M712.3K
40HAYNUSDHAYNES INTL INCCOM NEW0.29%$8M131.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.2B863May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.4B778Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.2B678Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.9B511Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.9B416May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.8B393Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.3B458Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.7B558Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.7B630May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.9B691Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.4B857Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.2B901Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.3B952May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.6B1,195Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.6B1,173Nov 17, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$3.6B1,106Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.7B1,065May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.5B1,041Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.5B613Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$4.3B553Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.6B561May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.1B386Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.4B309Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.3B257Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.6B329May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.8B257Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.6B241Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.1B209Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.7B200May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.3B193Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • WESTCHESTER CAPITAL PARTNERS, LLC028-11493
  • Virtus Investment Advisers, Inc.028-00085

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 ↗.