Whitefort Capital Management, LP Diversified Active

CIK: 0001884931 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $391,174 (96.8% shares, 3.2% debt)

Holdings (20)

New Positions (4)

MRNA MODERNA INC 7.5%

Value ($000) $29,490 Shares 1,000,000 Est. Cost — Unrealized —

LQDA LIQUIDIA CORPORATION 5.2%

Value ($000) $20,511 Shares 594,700 Est. Cost $11.94 Unrealized +138.5%

SOC SABLE OFFSHORE CORP 4.4%

Value ($000) $17,235 Shares 1,910,793 Est. Cost $9.44 Unrealized 0.0%

QURE UNIQURE NV 2.8%

Value ($000) $10,984 Shares 459,000 Est. Cost $38.59 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRNA	MODERNA INC	1,000,000	$29,490	7.5%	—	—	PUT	60770K107
LQDA	LIQUIDIA CORPORATION	594,700	$20,511	5.2%	$11.94	+138.5%	CALL	53635D202
SOC	SABLE OFFSHORE CORP	1,910,793	$17,235	4.4%	$9.44	0.0%	COM SHS	78574H104
QURE	UNIQURE NV	459,000	$10,984	2.8%	$38.59	0.0%	SHS	N90064101

Increased Positions (3)

BALY BALLYS CORPORATION 8.1%

Value ($000) $31,741 (+112.9%) Shares 1,921,372 (+43.0%) Est. Cost $11.95 Unrealized +36.8%

TDAY USA TODAY CO INC 6.3%

Value ($000) $24,590 (+66.1%) Shares 4,774,833 (+33.2%) Est. Cost $3.81 Unrealized +23.2%

SGRY SURGERY PARTNERS INC 2.4%

Value ($000) $9,270 (+15.5%) Shares 600,000 (+61.7%) Est. Cost $20.76 Unrealized -11.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BALY	BALLYS CORPORATION	1,921,372 (+43.0%)	$31,741 (+112.9%)	8.1%	$11.95	+36.8%	COMMON STOCK	05875B304
TDAY	USA TODAY CO INC	4,774,833 (+33.2%)	$24,590 (+66.1%)	6.3%	$3.81	+23.2%	COM	36472T109
SGRY	SURGERY PARTNERS INC	600,000 (+61.7%)	$9,270 (+15.5%)	2.4%	$20.76	-11.5%	COM	86881A100

Exited Positions (2)

SPY SPDR S&P 500 ETF TR 6.8%

Value ($000) $26,647 Shares 40,000 Est. Cost — Unrealized —

IWM ISHARES TR 2.0%

Value ($000) $7,985 Shares 33,000 Est. Cost $241.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	40,000	$26,647	6.8%	—	—	PUT	78462F103
IWM	ISHARES TR	33,000	$7,985	2.0%	$241.96	—	—	464287655

Decreased Positions (4)

GNW GENWORTH FINL INC 5.9%

Value ($000) $22,939 (-30.4%) Shares 2,540,301 (-31.4%) Est. Cost $5.95 Unrealized +46.3%

LQDA LIQUIDIA CORPORATION 1.4%

Value ($000) $5,449 (-60.5%) Shares 158,000 (-74.0%) Est. Cost $11.94 Unrealized +138.5%

ROIV ROIVANT SCIENCES LTD 11.8%

Value ($000) $46,004 (-13.9%) Shares 2,120,000 (-40.0%) Est. Cost $10.37 Unrealized +90.2%

OPK OPKO HEALTH INC 1.4%

Value ($000) $5,359 (-29.4%) Shares 4,253,340 (-13.2%) Est. Cost $1.37 Unrealized +1.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GNW	GENWORTH FINL INC	2,540,301 (-31.4%)	$22,939 (-30.4%)	5.9%	$5.95	+46.3%	COM SHS	37247D106
LQDA	LIQUIDIA CORPORATION	158,000 (-74.0%)	$5,449 (-60.5%)	1.4%	$11.94	+138.5%	COM NEW	53635D202
ROIV	ROIVANT SCIENCES LTD	2,120,000 (-40.0%)	$46,004 (-13.9%)	11.8%	$10.37	+90.2%	SHS	G76279101
OPK	OPKO HEALTH INC	4,253,340 (-13.2%)	$5,359 (-29.4%)	1.4%	$1.37	+1.5%	COM	68375N103

Unchanged Positions (9)

ABUS ARBUTUS BIOPHARMA CORP 16.4%

Value ($000) $64,181 Shares 13,343,228 Est. Cost $2.43 Unrealized +85.2%

OABI OMNIAB INC 6.7%

Value ($000) $26,314 Shares 14,223,658 Est. Cost $2.16 Unrealized -19.4%

CDZI CADIZ INC 5.7%

Value ($000) $22,366 Shares 3,986,822 Est. Cost $3.56 Unrealized +51.0%

KG KESTREL GROUP LTD 0.4%

Value ($000) $1,648 Shares 160,916 Est. Cost $24.35 Unrealized -26.0%

JOYY JOYY INC 6.7%

Value ($000) $26,224 Shares 404,944 Est. Cost $39.81 Unrealized —

— OPKO HEALTH INC 3.2%

Value ($000) $12,471 Shares 9,350,000 Est. Cost $1.61 Unrealized —

GLD SPDR GOLD TR 2.7%

Value ($000) $10,700 Shares 27,000 Est. Cost — Unrealized —

VATE INNOVATE CORP 0.9%

Value ($000) $3,358 Shares 743,000 Est. Cost $7.29 Unrealized -31.9%

NNAVW NEXTNAV INC 0.1%

Value ($000) $338 Shares 47,264 Est. Cost $1.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ABUS	ARBUTUS BIOPHARMA CORP	13,343,228	$64,181	16.4%	$2.43	+85.2%	COM	03879J100
OABI	OMNIAB INC	14,223,658	$26,314	6.7%	$2.16	-19.4%	COM	68218J103
CDZI	CADIZ INC	3,986,822	$22,366	5.7%	$3.56	+51.0%	COM NEW	127537207
KG	KESTREL GROUP LTD	160,916	$1,648	0.4%	$24.35	-26.0%	COM	G5260K102
JOYY	JOYY INC	404,944	$26,224	6.7%	$39.81	—	ADS REPSTG COM A	46591M109
—	OPKO HEALTH INC	9,350,000	$12,471	3.2%	$1.61	—	NOTE 3.750% 1/1	68375NAG8
GLD	SPDR GOLD TR	27,000	$10,700	2.7%	—	—	CALL	78463V107
VATE	INNOVATE CORP	743,000	$3,358	0.9%	$7.29	-31.9%	COM NEW	45784J303
NNAVW	NEXTNAV INC	47,264	$338	0.1%	$1.42	—	*W EXP 99/99/999	65345N114