Murchinson Ltd.

TORONTO, A6 · CIK 1838556 · 13F filing filed 2026-08-14

Exempt reporting adviser since 2020 · corporation

Main officeToronto, Ontario
Websitemurchinsonltd.com
Form ADV · 2026-08-04SEC adviser record

Legal entityMURCHINSON LTD. (CA)

$207.0m reported value -16.8% vs Q1 2026

57positions

68.8%in top 10

28 new 5 added 6 reduced 31 sold out vs Q1 2026

Options: 37 call positions ($257.2m notional), 31 put positions ($260.6m notional) – listed below, not included above.

Holdings, Q2 2026

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	NANO DIMENSION LTD SPONSORD ADS NEW NNDM	NNDM	18,836,276	$27.3m13.19%	13.19%	Added +3.3m	+3,286,276 21.1%
2	CHART INDS INC COM GTLS	GTLS	120,539	$25.2m12.17%	12.17%	Unchanged
3	ISHARES INC MSCI STH KOR ETF EWY	EWY	100,000	$20.2m9.75%	9.75%	New
4	NEW AMER ACQUISITION I CORP COM SHS CL A NWAX	NWAX	1,475,000	$15.0m7.23%	7.23%	New
5	CANADIAN IMPERIAL BANK OF CO COM CM	CM	110,062	$12.7m6.11%	6.11%	New
6	YORKVILLE ACQUISITION CORP. SHS CL A MCGA	MCGA	1,000,400	$10.2m4.93%	4.93%	Unchanged
7	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	330,000	$8.8m4.25%	4.25%	Added +30.0k	+30,000 10.0%
8	PELTHOS THERAPEUTICS INC COM SHS PTHS	PTHS	304,302	$8.6m4.15%	4.15%	Added +8.0k	+7,988 2.7%
9	NEW AMER ACQUISITION I CORP UNIT 99/99/9999 NWAX.U	NWAX.U	755,100	$7.9m3.80%	3.80%	Unchanged
10	BRIGHTHOUSE FINL INC COM BHF	BHF	103,740	$6.6m3.17%	3.17%	Added +100.0k	+100,000 2673.8%
11	ADVISORSHARES TR PURE US CANNABIS MSOS	MSOS	1,249,895	$6.3m3.07%	3.07%	Added +250.0k	+250,000 25.0%
12	ORAMED PHARMACEUTICALS INC COM NEW ORMP	ORMP	1,290,294	$6.2m3.00%	3.00%	Reduced -25.0k	-25,000 -1.9%
13	MARVELL TECHNOLOGY INC COM MRVL	MRVL	20,000	$6.0m2.88%	2.88%	New
14	ATLANTIC UN BANKSHARES CORP COM AUB	AUB	106,874	$4.5m2.18%	2.18%	Unchanged
15	TRULIEVE CANNABIS CORP SUB VTG SHS SUB VTG SHS		355,200	$3.5m1.69%	1.69%	New
16	SK TELECOM CO LTD SPONSORED ADR SKM	SKM	100,000	$3.2m1.55%	1.55%	New
17	TC ENERGY CORP COM TRP	TRP	38,367	$2.5m1.23%	1.23%	New
18	FORTIS INC COM FTS	FTS	35,433	$2.0m0.98%	0.98%	New
19	STARLINK AI ACQUISITION CORP UNIT 99/99/9999 OTAI.U	OTAI.U	200,000	$2.0m0.98%	0.98%	New
20	BOOST RUN INC ORD SHS CL A BRUN	BRUN	52,000	$2.0m0.97%	0.97%	New
21	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	21,844	$2.0m0.97%	0.97%	Unchanged
22	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	19,881	$2.0m0.97%	0.97%	Unchanged
23	IMPERIAL OIL LTD COM NEW IMO	IMO	17,512	$2.0m0.95%	0.95%	New
24	CANADIAN PACIFIC KANSAS CITY COM CP	CP	22,357	$1.9m0.94%	0.94%	New
25	NUTRIEN LTD COM NTR	NTR	27,631	$1.7m0.84%	0.84%	Reduced -631.9k	-631,900 -95.8%
26	GANNETT CO INC COM TDAY	TDAY	200,000	$1.7m0.83%	0.83%	Reduced -120.0k	-120,000 -37.5%
27	CANADIAN NAT RES LTD COM CNQ	CNQ	40,635	$1.6m0.78%	0.78%	New
28	NUVATION BIO INC NOTE 0.750% 7/0 · principal NUVB 0.75 07.01.32 · principal	NUVB 0.75 07.01.32	1,500,000	$1.6m0.76%	0.76%	New
29	PEMBINA PIPELINE CORP COM PBA	PBA	25,038	$1.2m0.56%	0.56%	New
30	GROUPON INC NOTE 4.875% 6/3 · principal GRPN 4.875 06.30.30 UNRS · principal	GRPN 4.875 06.30.30 UNRS	1,000,000	$996.9k0.48%	0.48%	New
31	CANADIAN NATL RY CO COM CNI	CNI	8,135	$970.0k0.47%	0.47%	Reduced -8.3k	-8,300 -50.5%
32	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	18,924	$848.7k0.41%	0.41%	New
33	ENBRIDGE INC COM ENB	ENB	15,141	$820.8k0.40%	0.40%	New
34	FIREFLY NEUROSCIENCE INC COM AIFF	AIFF	650,000	$786.5k0.38%	0.38%	New
35	SUNCOR ENERGY INC NEW COM SU	SU	13,076	$701.9k0.34%	0.34%	New
36	GOSSAMER BIO INC NOTE 5.000% 6/0 · principal GOSS 5 06.01.27 · principal	GOSS 5 06.01.27	1,000,000	$642.8k0.31%	0.31%	New
37	NORTHWEST BANCSHARES INC MD COM NWBI	NWBI	30,000	$454.8k0.22%	0.22%	Unchanged
38	CAE INC COM CAE	CAE	15,021	$376.4k0.18%	0.18%	New
39	DELTA AIR LINES INC DEL COM NEW DAL	DAL	4,000	$374.6k0.18%	0.18%	New
40	EROCK INC CL A COM EROC	EROC	25,000	$362.5k0.18%	0.18%	New
41	BROOKFIELD CORP CL A LTD VT SH BN	BN	7,638	$325.3k0.16%	0.16%	New
42	INTERNATIONAL MNY EXPRESS IN COM IMXI	IMXI	21,700	$313.6k0.15%	0.15%	Unchanged
43	LIBERTY MEDIA CORP DEL NOTE 3.750% 3/1 · principal SIRI 3.75 03.15.28 · principal	SIRI 3.75 03.15.28	250,000	$286.7k0.14%	0.14%	Unchanged
44	JANUS HENDERSON GROUP PLC ORD SHS ORD SHS		5,000	$259.8k0.13%	0.13%	Unchanged
45	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		16,000	$252.5k0.12%	0.12%	Unchanged
46	NORTHWESTERN ENERGY GROUP IN COM NEW NWE	NWE	3,500	$250.7k0.12%	0.12%	Unchanged
47	STELLAR BANCORP INC COM COM		6,300	$247.7k0.12%	0.12%	Unchanged
48	CLEAR CHANNEL OUTDOOR HLDGS COM CCO	CCO	100,800	$243.9k0.12%	0.12%	Unchanged
49	EDISON INTL COM EIX	EIX	3,000	$223.3k0.11%	0.11%	Unchanged
50	TWO HBRS INVT CORP COM COM		17,000	$211.0k0.10%	0.10%	Unchanged
51	EXYN TECHNOLOGIES INC *W EXP 04/21/203 EXYNW	EXYNW	129,000	$171.6k0.08%	0.08%	New
52	GEN DIGITAL INC RIGHT 99/99/9999 GENVR	GENVR	111,569	$141.1k0.07%	0.07%	Unchanged
53	BEYOND AIR INC COM NEW COM NEW		274,208	$122.3k0.06%	0.06%	Reduced -55.8k	-55,779 -16.9%
54	LENSAR INC COM LNSR	LNSR	13,223	$75.5k0.04%	0.04%	Reduced -23.3k	-23,337 -63.8%
55	CPI AEROSTRUCTURES INC COM NEW CVU	CVU	14,178	$73.6k0.04%	0.04%	Unchanged
56	TIVIC HEALTH SYSTEMS INC COM COM		115,000	$59.8k0.03%	0.03%	New
57	QUANTUM LEAP ACQUISITION COR *W EXP 03/11/202 QLEP.WS	QLEP.WS	100,000	$13.0k0.01%	0.01%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SOUTH BOW CORP SOBO	SOBO	1,725,100	$57.5m1.7m shares
ROYAL BK CDA RY	RY	75,192	$12.2m75.2k shares
VANECK ETF TRUST GDXJ	GDXJ	37,500	$4.5m37.5k shares
SUNOCOCORP LLC SUNC	SUNC	58,527	$3.6m58.5k shares
BANK MONTREAL QUE BMO	BMO	20,046	$2.7m20.0k shares
KENVUE INC KVUE	KVUE	150,000	$2.6m150.0k shares
ISHARES SILVER TR SLV	SLV	15,000	$1.0m15.0k shares
ATKORE INC ATKR	ATKR	15,000	$883.6k15.0k shares
UNDER ARMOUR INC UA	UA	150,000	$868.5k150.0k shares
FRANCO NEV CORP FNV	FNV	3,164	$781.7k3.2k shares
OSISKO DEVELOPMENT CORP		200,000	$650.0k200.0k shares
INCANNEX HEALTHCARE INC IXHL	IXHL	104,113	$312.3k104.1k shares
ENHABIT INC EHAB	EHAB	17,700	$249.4k17.7k shares
BLUE FOUNDRY BANCORP BLFY	BLFY	18,800	$248.9k18.8k shares
PROASSURANCE CORP PRA	PRA	9,900	$244.7k9.9k shares
CSG SYS INTL INC		3,060	$244.6k3.1k shares
ON24 INC ONTF	ONTF	30,100	$243.8k30.1k shares
ONESTREAM INC OS	OS	10,100	$242.4k10.1k shares
AMICUS THERAPEUTICS INC FOLD	FOLD	16,700	$241.5k16.7k shares
GREAT LAKES DREDGE & DOCK CO GLDD	GLDD	14,200	$241.4k14.2k shares
DIAMOND HILL INVT GROUP INC DHIL	DHIL	1,400	$240.9k1.4k shares
AIR LEASE CORP AL	AL	3,700	$240.3k3.7k shares
SEMRUSH HLDGS INC SEMR	SEMR	20,100	$240.0k20.1k shares
SEALED AIR CORP NEW		5,700	$239.7k5.7k shares
VERIS RESIDENTIAL INC		12,700	$239.6k12.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
CANADIAN IMPERIAL BANK OF CO CM · Put	CM	Put	412,500	$47.4m412.5k shares	Added
BANK MONTREAL QUE BMO · Call	BMO	Call	234,700	$41.5m234.7k shares	Added
BANK MONTREAL QUE BMO · Put	BMO	Put	234,700	$41.5m234.7k shares	Added
CANADIAN IMPERIAL BANK OF CO CM · Call	CM	Call	302,500	$34.8m302.5k shares	Added
TORONTO DOMINION BK ONT TD · Put	TD	Put	255,600	$31.0m255.6k shares	Added
TORONTO DOMINION BK ONT TD · Call	TD	Call	255,600	$31.0m255.6k shares	Added
ROYAL BK CDA RY · Put	RY	Put	133,200	$27.6m133.2k shares	Reduced
ROYAL BK CDA RY · Call	RY	Call	133,200	$27.6m133.2k shares	Reduced
SUNCOR ENERGY INC NEW SU · Call	SU	Call	275,000	$14.8m275.0k shares	Added
CANADIAN NATL RY CO CNI · Call	CNI	Call	115,000	$13.7m115.0k shares	Added
CANADIAN PACIFIC KANSAS CITY CP · Put	CP	Put	137,000	$11.9m137.0k shares	Added
CANADIAN PACIFIC KANSAS CITY CP · Call	CP	Call	137,000	$11.9m137.0k shares	Added
VANECK ETF TRUST SMH · Put	SMH	Put	15,000	$9.8m15.0k shares	New
SUNCOR ENERGY INC NEW SU · Put	SU	Put	170,000	$9.1m170.0k shares	Added
ISHARES TR IGV · Put	IGV	Put	100,000	$9.1m100.0k shares	New
CANADIAN NATL RY CO CNI · Put	CNI	Put	75,000	$8.9m75.0k shares	Added
TC ENERGY CORP TRP · Call	TRP	Call	113,000	$7.5m113.0k shares	Reduced
CANADIAN NAT RES LTD CNQ · Call	CNQ	Call	178,900	$7.1m178.9k shares	Added
TC ENERGY CORP TRP · Put	TRP	Put	103,000	$6.8m103.0k shares	Reduced
IMPERIAL OIL LTD IMO · Call	IMO	Call	57,700	$6.5m57.7k shares	Added
BRIGHTHOUSE FINL INC BHF · Put	BHF	Put	100,000	$6.3m100.0k shares	New
ISHARES TR MTUM · Put	MTUM	Put	17,500	$6.0m17.5k shares	New
BROOKFIELD ASSET MANAGMT LTD BAM · Call	BAM	Call	127,500	$5.7m127.5k shares	New
SUN LIFE FINANCIAL INC. SLF · Call	SLF	Call	65,000	$5.1m65.0k shares	New
SUN LIFE FINANCIAL INC. SLF · Put	SLF	Put	65,000	$5.1m65.0k shares	New

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
TIVIC HEALTH SYSTEMS INC 13G · filed 2026-07-17		10.0%≈ $228.9k	new	13G	2026-07-17
PELTHOS THERAPEUTICS INC PTHS · 13G · filed 2025-11-14	PTHS	9.1%≈ $7.9m	new	13G	2025-11-14
NANO DIMENSION LTD NNDM · 13D · filed 2026-07-20	NNDM	8.1%	-1.5 pts	13D	2026-07-20