FourWorld Capital Management LLC

NEW YORK, NY · CIK 1770525 · 13F filing filed 2024-02-14

SEC-registered investment adviser since 2016 · limited liability company

Assets managed$1.4bn
Staff17 · 13 in investment roles
Main clients (by assets)Private funds 96%, Companies 3%
Private funds9 (9 hedge) · $939.8m gross assets
Form ADV · 2026-05-07SEC adviser record

Legal entityFOURWORLD CAPITAL MANAGEMENT LLC (US)

Kindhedge funds, futures
Others nearbyNew York, NY, Munich

As an employer

Offices in2 countries
Private fundshedge 9

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States	about 10
MunichGermany	Germany	3

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$151.9m reported value +119.5% vs Q4 2022

14positions

99.9%in top 10

3 new 1 added 1 reduced 3 sold out vs Q4 2022

Options: 6 call positions ($95.6m notional), 2 put positions ($187.0m notional) – listed below, not included above.

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ARGO GROUP INTL HLDGS LTD COM AGII	AGII	2,756,803	$80.7m53.17%	53.17%	New
2	SEMPER PARATUS ACQUISITION C CLASS A ORD LGST	LGST	2,320,000	$25.0m16.48%	16.48%	Unchanged
3	SERITAGE GROWTH PPTYS CL A SRG	SRG	1,726,383	$13.6m8.95%	8.95%	Added +36.4k	+36,416 2.1%
4	DIVERSEY HLDGS LTD ORD SHS ORD SHS		1,600,000	$12.9m8.52%	8.52%	New
5	ODYSSEY MARINE EXPL INC COM NEW OMEX	OMEX	1,875,049	$6.1m4.01%	4.01%	Unchanged
6	ARBUTUS BIOPHARMA CORP COM ABUS	ABUS	2,000,090	$6.1m3.99%	3.99%	Unchanged
7	SEMPER PARATUS ACQUISITION C UNIT 11/04/2026 UNIT 11/04/2026		1,500,000	$3.0m1.98%	1.98%	Unchanged
8	EVOLUS INC COM EOLS	EOLS	245,590	$2.1m1.37%	1.37%	Unchanged
9	SOLID POWER INC CLASS A COM SLDP	SLDP	477,129	$1.4m0.95%	0.95%	Unchanged
10	SPECTRUM BRANDS HLDGS INC NE COM SPB	SPB	10,000	$662.2k0.44%	0.44%	New
11	SEMPER PARATUS ACQUISITION C W EXP 11/04/202 W EXP 11/04/202		1,450,000	$116.0k0.08%	0.08%	Unchanged
12	BLUEGREEN VACATIONS HLDG COR CLASS A CLASS A		10,000	$69.9k0.05%	0.05%	Reduced -267.9k	-267,887 -96.4%
13	PILGRIMS PRIDE CORP COM PPC	PPC	1,000	$23.2k0.02%	0.02%	Unchanged
14	NEWS CORP NEW CL A NWSA	NWSA	1,000	$17.3k0.01%	0.01%	Unchanged

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
MYOVANT SCIENCES LTD MYOV	MYOV	10,000	$269.6k10.0k shares
CHINDATA GROUP HLDGS LTD		10,000	$79.7k10.0k shares
BRISTOL-MYERS SQUIBB CO CELG-R	CELG-R	100,000	$69.0k100.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	4,475	$183.2m4.5k shares	Reduced
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	1,000	$40.9m1.0k shares	Reduced
INVESCO QQQ TR QQQ · Call	QQQ	Call	60,000	$19.3m60.0k shares	New
UNITED STS BRENT OIL FD LP BNO · Call	BNO	Call	577,887	$15.6m577.9k shares	Added
AMC ENTMT HLDGS INC AMC · Call	AMC	Call	300,000	$15.0m300.0k shares	New
SPDR SER TR KRE · Call	KRE	Call	100,000	$4.4m100.0k shares	New
CANADIAN PAC RY LTD Put		Put	50,000	$3.8m50.0k shares	New
ALIBABA GROUP HLDG LTD BABA · Call	BABA	Call	103,000	$375.6k103.0k shares	Added

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
SABLE OFFSHORE CORP SOC · 13G · filed 2026-02-19	SOC	5.8%≈ $25.9m	new	13G	2026-02-19