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.

$76.2m reported value -75.5% vs Q3 2023

12positions

99.9%in top 10

2 new 1 added 2 reduced 8 sold out vs Q3 2023

Options: 3 call positions ($62.0m notional), 1 put positions ($47.5m notional) – listed below, not included above.

Holdings, Q4 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	SEMPER PARATUS ACQUISITION C UNIT 11/04/2026 UNIT 11/04/2026		1,500,000	$16.7m21.92%	21.92%	Unchanged
2	SEMPER PARATUS ACQUISITION C W EXP 11/04/202 W EXP 11/04/202		1,450,000	$16.1m21.19%	21.19%	Unchanged
3	SERITAGE GROWTH PPTYS CL A SRG	SRG	1,538,491	$14.4m18.89%	18.89%	Unchanged
4	ODYSSEY MARINE EXPL INC COM NEW OMEX	OMEX	2,802,121	$13.0m17.11%	17.11%	Added +195.0k	+195,000 7.5%
5	BRISTOL-MYERS SQUIBB CO RIGHT 12/30/2030 CELG-R	CELG-R	100,000	$5.1m6.74%	6.74%	Unchanged
6	ALBERTSONS COS INC COMMON STOCK ACI	ACI	207,900	$4.8m6.28%	6.28%	Unchanged
7	ARBUTUS BIOPHARMA CORP COM ABUS	ABUS	1,090,851	$2.7m3.58%	3.58%	Reduced -251.1k	-251,056 -18.7%
8	EVOLUS INC COM EOLS	EOLS	203,620	$2.1m2.82%	2.82%	Reduced -42.0k	-41,970 -17.1%
9	SOLID POWER INC CLASS A COM SLDP	SLDP	477,129	$691.8k0.91%	0.91%	Unchanged
10	IROBOT CORP COM IRBT	IRBT	9,639	$373.0k0.49%	0.49%	New
11	PILGRIMS PRIDE CORP COM PPC	PPC	1,000	$27.7k0.04%	0.04%	Unchanged
12	HOLLYSYS AUTOMATION TCHNGY L SHS HOLI	HOLI	1,000	$26.4k0.03%	0.03%	New

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
ARGO GROUP INTL HLDGS LTD AGII	AGII	5,502,120	$164.2m5.5m shares
ARCO PLATFORM LTD		3,855,872	$53.1m3.9m shares
CHINDATA GROUP HLDGS LTD		3,538,376	$29.4m3.5m shares
SEAGEN INC SGEN	SGEN	48,700	$10.3m48.7k shares
BLUEGREEN VACATIONS HLDG COR		233,783	$8.6m233.8k shares
SOVOS BRANDS INC		262,500	$5.9m262.5k shares
VMWARE INC VMW	VMW	26,400	$4.4m26.4k shares
NEWS CORP NEW NWSA	NWSA	1,000	$20.9k1.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	100,000	$47.5m100.0k shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	100,000	$47.5m100.0k shares	Reduced
CYTOKINETICS INC CYTK · Call	CYTK	Call	170,000	$14.2m170.0k shares	New
ALIBABA GROUP HLDG LTD BABA · Call	BABA	Call	3,000	$232.5k3.0k shares	Unchanged

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