Warberg Asset Management LLC

Hedge Fund • Multi-Strategy

Warberg Asset Management LLC is a Multi-Strategy Hedge Fund based in Winnetka, IL led by Jonathan Alan Blumberg, reporting $862.5M in AUM as of Q3 2025 with 37% Unknown concentration, 63% concentrated in top 10 holdings, and 23% allocation to OXY.WS.

Managing PartnerJonathan Alan Blumberg

Portfolio Value: $50.4M
Positions: 93
Top Holding: OXY.WS at 22.59%
Last Reported: Q3 2025

Address716 Oak Street, Winnetka, IL, 60093, United States

Top Holdings

Largest long holdings in Warberg Asset Management LLC's portfolio (63.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 OXY.WS Occidental Petroleum Corporation OXY.WS	Oil & Gas Exploration & Production Energy	$11.4M	22.59%	+$9.9M Bought	— 449.3K shares	Q4 2022 Held for 2y 11m
2 RGTIW Rigetti Computing RGTIW	Computer Hardware Technology	$8.2M	16.31%	+$6.0M Bought	— 449.2K shares	Q4 2024 Held for 11 months
3 Stereotaxis STXS	Medical - Instruments & Supplies Healthcare	$3.3M	6.53%	-$475.4K Sold	1.15% 1.0M shares	Q1 2024 Held for 1y 8m
4 CORZW Core Scientific CORZW	Software - Infrastructure Technology	$2.2M	4.44%	-$22.8K Sold	— 192.6K shares	Q2 2024 Held for 1y 5m
5 BCAR D. Boral ARC Acquisition I Corp. Class A Ordinary Shares BCAR	Unknown Unknown	$1.4M	2.76%	+$1.4M New	0.33% 140.0K shares	Q3 2025 Held for 2 months
6 VNME Vendome Acquisition Corporation I Class A Ordinary Shares VNME	Unknown Unknown	$1.4M	2.73%	+$1.4M New	0.54% 138.5K shares	Q3 2025 Held for 2 months
7 TAVI Tavia Acquisition Corp. Ordinary Shares TAVI	Unknown Unknown	$1.1M	2.20%	-$517.8 Sold	0.67% 107.4K shares	Q4 2024 Held for 11 months
8 CHAR Charlton Aria Acquisition Corporation CHAR	Unknown Unknown	$1.0M	2.03%	—	0.90% 98.7K shares	Q4 2024 Held for 11 months
9 DMAA Drugs Made In America Acquisition Corp. Ordinary Shares DMAA	Unknown Unknown	$945.4K	1.87%	—	0.27% 92.1K shares	Q1 2025 Held for 8 months
10 Four Leaf Acquisition Corporation FORL	Shell Companies Financial Services	$873.2K	1.73%	—	3.20% 75.9K shares	Q3 2023 Held for 2y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Warberg Asset Management LLC's latest filing

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Market Value

$50.4M

Prior: $27.3M

Q/Q Change

+85.03%

+$23.2M

Net Flows % of MV

+37.88%

Turnover Ratio

33.54%

New Purchases

33 stocks

$9.9M

Added To

12 stocks

+$16.5M

Sold Out Of

27 stocks

$6.6M

Reduced Holdings

18 stocks

-$618.9K

Increased Positions

Position	Shares Δ	Change
1 BCAR D. Boral ARC Acquisition I Corp. Class A Ordinary Shares BCAR	New	0 → 140.0K +$1.4M
2 VNME Vendome Acquisition Corporation I Class A Ordinary Shares VNME	New	0 → 138.5K +$1.4M
3 ORIQ Origin Investment Corp I Ordinary Shares ORIQ	New	0 → 83.6K +$840.3K
4 KCHV Kochav Defense Acquisition Corp. Class A Ordinary Shares KCHV	New	0 → 77.2K +$774.3K
5 CRAQ Cal Redwood Acquisition Corp. Class A Ordinary Shares CRAQ	New	0 → 49.9K +$499.0K

Decreased Positions

Position	Shares Δ	Change
1 Paramount Global PARA	Sold	200.0K → 0 −$2.6M
2 Vine Hill Capital Investment Corp. VCIC	Sold	84.2K → 0 −$875.2K
3 AVPTW AvePoint AVPTW	Sold	80.6K → 0 −$626.3K
4 GBTC Grayscale Bitcoin Trust GBTC	Sold	5.0K → 0 −$424.2K
5 Webull Corporation Class A Ordinary Shares BULL	Sold	30.0K → 0 −$358.8K

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Analytics

Portfolio insights and performance metrics for Warberg Asset Management LLC

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Sector Allocation

Energy

22.60%

Technology

22.00%

Financial Services

7.20%

Healthcare

7.10%

Industrials

1.80%

Real Estate

1.70%

ETF

0.50%

Communication Services

0.20%

Basic Materials

0.10%

Consumer Cyclical

0.10%

Market Cap Distribution

Large Cap ($10B - $200B)

0.64%

Small Cap ($300M - $2B)

10.35%

Micro Cap ($50M - $300M)

34.32%

Nano Cap (< $50M)

4.32%

N/A (ETF or Unknown)

50.37%

Portfolio Concentration

Top 10 Holdings %

63.19%

Top 20 Holdings %

77.16%

Top 50 Holdings %

95.54%

Top 100 Holdings %

100.0%