TIG Advisors, LLC

Registered adviser

CIK

1358253

Location

New York, NY

Portfolio Value

Mid $2,226,904,803

Diversification

Diversified

Reports for

TIG Arbitrage Enhanced Master Fund, L.P. TIG ARBITRAGE ASSOCIATES MASTER FUND, L.P.

Filing Date

Global Rank

#1,495 / 8,818 ▼ 106

Top Industry

Entertainment 13.8%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 138306

Roster of Oct 1, 2026

Regulatory AUM

$1,993,924,819

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

9 funds · Hedge funds

Focus by gross assets, Schedule D of Nov 29, 2024

$1,441,250,166 gross assets

Private funds on Schedule D 7.B.(1)

As filed Nov 29, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$2,051,451,049 gross assets in 7 funds Hedge funds $2,051,451,049 (7)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,993,924,819	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$1,888,606,339	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$2,662,950,189	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$3,207,112,488	Pooled investment vehicles (100%)
Apr 2023	$3,207,112,488	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$4,003,656,705	Pooled investment vehicles (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 60.1% of the book (60%+)

Turnover

Medium turnover

63.2% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.8 quarters (under 4)

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 97.0%; sector active share 29.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

101 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

23.6%

+2.7 pts

Top 5

44.3%

+2.6 pts

Top 10

60.1%

+1.6 pts

HHI

773

Diversified+111

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	25.5%	$568,185,199	2
Industrials	17.8%	$395,796,356	9
Communication Services	13.6%	$302,971,451	10
Healthcare	11.7%	$261,259,221	9
Financial Services	11.3%	$251,074,710	49
Technology	6.7%	$150,165,795	5
Consumer Cyclical	5.8%	$128,365,386	7
Consumer Defensive	2.9%	$64,723,000	2
Energy	2.1%	$46,579,169	2
Basic Materials	1.2%	$26,100,204	1
Utilities	1.0%	$22,345,531	2
Real Estate	0.4%	$9,338,781	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
KVUE	Kenvue Inc.	+1,633,517	3,358,145	$64,174,150
RIG	Transocean Ltd.	+1,485,693	3,981,919	$19,471,583
CZR	Caesars Entertainment, Inc.	+726,049	1,502,671	$45,350,610
—		+359,500	2,959,500	$6,066,975
UWMC	UWM Holdings Corp	+219,572	244,572	$560,069
PEN	Penumbra Inc	+155,000	215,082	$67,912,141
—		+135,762	300,146	$62,712,505
—		+98,893	2,005,000	$104,159,750
PZZA	Papa Johns International Inc	+73,553	83,770	$3,080,222
UNF	Unifirst Corp	+65,309	183,161	$48,438,758
SLAB	Silicon Laboratories Inc.	+25,530	168,163	$36,753,705
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+16,187	5,976,701	$525,232,483
—		+1,044	115,793	$5,149,315
SPY	Spdr S&P 500 ETF Trust	+146	57,518	$42,952,716
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
TWOD	Two Harbors Investment Corp.	−1,312,404	61,680	$1,538,916
WBD	Warner Bros. Discovery, Inc.	−1,083,221	2,500,148	$66,653,945
AES	Aes Corp	−440,006	1,353,238	$19,838,469
SUNC	SunocoCorp LLC	−436,814	400,585	$27,107,586
DBRHP	DigitalBridge Group, Inc.	−232,414	2,765,236	$41,229,668
QXO	QXO, Inc.	−207,591	126,322	$2,182,844
SKYD	Skydance Corp	−178,243	341,165	$3,363,887
—		−151,261	256,639	$52,621,260
—		−126,352	488,638	$37,341,715
RNA	Atrium Therapeutics, Inc.	−46,019	561,533	$7,552,618
—		−22,911	445,314	$41,534,436
NSC	Norfolk Southern Corp	−19,690	316,508	$99,570,251
NFLX	Netflix Inc	−10,666	14,144	$1,009,881
TECK	Teck Resources Ltd	−6,408	438,954	$26,100,204
BHF	Brighthouse Financial, Inc.	−955	14,045	$889,048
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
—		395,094	$140,072,675
ROKU	Roku, Inc	708,275	$97,841,108
TECH	BIO-TECHNE Corp	842,192	$59,500,864
—		364,250	$48,346,902
—		1,668,329	$41,508,025
NATL	NCR Atleos Corp	831,361	$36,089,381
ACA	Arcosa, Inc.	239,765	$34,835,456
MGM	MGM Resorts International	606,338	$28,989,019
—		307,894	$22,088,316
PAYO	Payoneer Global Inc.	2,935,174	$20,898,438
OGN	Organon & Co.	1,400,283	$18,959,831
SYNA	SYNAPTICS Inc	119,857	$14,889,835
SGI	Somnigroup International Inc.	141,492	$11,092,972
BZH	Beazer Homes USA Inc	296,510	$8,317,105
—		2,587,840	$8,177,574
GUAC	Berto Acquisition Corp. II	800,000	$8,096,000
—		63,055	$7,787,292
GSAT	Globalstar, Inc.	92,797	$7,543,468
DMII	Drugs Made In America Acquisition II Corp.	500,000	$5,030,000
IRHO	Iron Horse Acquisition II Corp.	400,000	$4,012,000
ADAC	American Drive Acquisition Co	400,000	$4,008,000
LPCV	Launchpad Cadenza Acquisition Corp I	400,000	$4,000,000
MZYX	MOZAYYX Acquisition Corp.	350,100	$3,490,497
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	350,000	$3,479,000
IACO	Idea Acquisition Corp.	350,000	$3,468,500
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		5,017,185	$118,656,425
—		1,335,117	$100,921,494
—		1,632,875	$68,662,394
—		541,378	$62,161,022
—		3,825,445	$55,315,935
—		1,252,986	$50,407,627
—		1,738,231	$41,717,544
—		453,724	$29,464,837
—		511,191	$26,949,990
CNTA	Centessa Pharmaceuticals plc	648,326	$25,751,509
—		135,197	$24,047,490
—		3,439,961	$23,976,528
—		1,071,046	$17,447,339
—		613,918	$13,162,402
—		642,867	$10,928,739
—		473,792	$8,940,455
—		175,396	$8,196,255
—		620,846	$6,717,554
DMIIU	Drugs Made In America Acquisition II Corp.	500,000	$5,020,000
LPCVU	Launchpad Cadenza Acquisition Corp I	400,000	$4,006,000
ADACU	American Drive Acquisition Co	400,000	$3,996,000
IRHOU	Iron Horse Acquisition II Corp.	400,000	$3,984,000
ALOVU	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	350,000	$3,482,500
IACOU	Idea Acquisition Corp.	350,000	$3,468,500
CECO	Ceco Environmental Corp	54,234	$3,231,261
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

101 tracked positions · $2,226,904,803 total · filing declares 109 positions · $2,257,290,080 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 101 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	5,976,701	+16,187	$525,232,483	+15.1%	5	$67.39	23.59%
		NEW	395,094	NEW	$140,072,675	NEW	1	unpriced	6.29%
WBD	Warner Bros. Discovery, Inc. PUT CALL + SHARES Communication Services	Reduced	4,387,848	-538,121	$116,980,027	−13.5%	4	$21.61	5.25%
		Added	2,005,000	+98,893	$104,159,750	+6.4%	2	unpriced	4.68%
NSC	Norfolk Southern Corp Industrials	Reduced	316,508	-19,690	$99,570,251	+3.2%	4	$284.99	4.47%
ROKU	Roku, Inc Communication Services	NEW	708,275	NEW	$97,841,108	NEW	1	$121.99	4.39%
PEN	Penumbra Inc Healthcare	Added	215,082	+155,000	$67,912,141	+244.2%	2	$328.08	3.05%
KVUE	Kenvue Inc. Consumer Defensive	Added	3,358,145	+1,633,517	$64,174,150	+115.8%	3	$17.30	2.88%
		Added	300,146	+135,762	$62,712,505	+84.5%	2	unpriced	2.82%
TECH	BIO-TECHNE Corp Healthcare	NEW	842,192	NEW	$59,500,864	NEW	1	$54.00	2.67%
	PUT + SHARES	Reduced	268,339	-140,261	$55,020,228	−34.0%	4	$169.55	2.47%
UNF	Unifirst Corp Industrials	Added	183,161	+65,309	$48,438,758	+63.4%	2	$241.56	2.18%
		NEW	364,250	NEW	$48,346,902	NEW	1	$90.09	2.17%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Added	1,502,671	+408,049	$45,350,610	+56.8%	2	$25.91	2.04%
SPY	Spdr S&P 500 ETF Trust	Added	57,518	+146	$42,952,716	+15.1%	5	$572.83	1.93%
		Reduced	445,314	-22,911	$41,534,436	+14.6%	3	$88.25	1.87%
		NEW	1,668,329	NEW	$41,508,025	NEW	1	$23.56	1.86%
DBRHP	DigitalBridge Group, Inc. Financial Services	Reduced	2,765,236	-232,414	$41,229,668	−15.2%	3	unpriced	1.85%
		Reduced	488,638	-126,352	$37,341,715	−12.5%	2	$68.46	1.68%
SLAB	Silicon Laboratories Inc. Technology	Reduced	168,163	-14,670	$36,753,705	−3.4%	2	$188.36	1.65%
NATL	NCR Atleos Corp Technology	NEW	831,361	NEW	$36,089,381	NEW	1	$44.35	1.62%
ACA	Arcosa, Inc. Industrials	NEW	239,765	NEW	$34,835,456	NEW	1	$124.21	1.56%
MGM	MGM Resorts International PUT + SHARES Consumer Cyclical	NEW	677,038	NEW	$32,369,186	NEW	1	$41.56	1.45%
SUNC	SunocoCorp LLC Energy	Reduced	400,585	-436,814	$27,107,586	−47.5%	3	$50.36	1.22%
TECK	Teck Resources Ltd Basic Materials	Reduced	438,954	-6,408	$26,100,204	+13.2%	4	$39.91	1.17%
		NEW	307,894	NEW	$22,088,316	NEW	1	unpriced	0.99%
PAYO	Payoneer Global Inc. Technology	NEW	2,935,174	NEW	$20,898,438	NEW	1	$5.47	0.94%
AES	Aes Corp Utilities	Reduced	1,353,238	-440,006	$19,838,469	−21.5%	2	$14.89	0.89%
RIG	Transocean Ltd. Energy	Added	3,981,919	+1,485,693	$19,471,583	+17.7%	2	$5.86	0.87%
OGN	Organon & Co. Healthcare	NEW	1,400,283	NEW	$18,959,831	NEW	1	$11.96	0.85%
SYNA	SYNAPTICS Inc Technology	NEW	119,857	NEW	$14,889,835	NEW	1	$112.90	0.67%
SGI	Somnigroup International Inc. Consumer Cyclical	NEW	141,492	NEW	$11,092,972	NEW	1	$73.30	0.50%
IRDM	Iridium Communications Inc. CALL Communication Services	NEW	168,600	NEW	$9,247,710	NEW	—	—	0.42%
FOXA	Fox Corp CALL + SHARES Communication Services	NEW	165,497	NEW	$8,632,323	NEW	1	$61.79	0.39%
BZH	Beazer Homes USA Inc Consumer Cyclical	NEW	296,510	NEW	$8,317,105	NEW	1	$23.64	0.37%
		NEW	2,587,840	NEW	$8,177,574	NEW	1	unpriced	0.37%
GUAC	Berto Acquisition Corp. II Financial Services	NEW	800,000	NEW	$8,096,000	NEW	1	unpriced	0.36%
QXO	QXO, Inc. CALL + SHARES Industrials	Added	466,022	+132,109	$8,052,860	+24.2%	2	$22.88	0.36%
		NEW	63,055	NEW	$7,787,292	NEW	1	unpriced	0.35%
RNA	Atrium Therapeutics, Inc. Healthcare	Reduced	561,533	-46,019	$7,552,618	−7.0%	2	$14.05	0.34%
GSAT	Globalstar, Inc. Communication Services	NEW	92,797	NEW	$7,543,468	NEW	1	$80.48	0.34%
OBA	Oxley Bridge Acquisition Ltd Financial Services	Held	601,704	0	$6,149,414	+0.9%	3	$10.03	0.28%
		Added	2,959,500	+359,500	$6,066,975	+14.9%	2	unpriced	0.27%
		Added	115,793	+1,044	$5,149,315	+18.9%	2	unpriced	0.23%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	NEW	500,000	NEW	$5,030,000	NEW	1	$10.04	0.23%
IRHO	Iron Horse Acquisition II Corp. Financial Services	NEW	400,000	NEW	$4,012,000	NEW	1	$9.99	0.18%
ADAC	American Drive Acquisition Co Financial Services	NEW	400,000	NEW	$4,008,000	NEW	1	$9.97	0.18%
LPCV	Launchpad Cadenza Acquisition Corp I Financial Services	NEW	400,000	NEW	$4,000,000	NEW	1	$9.96	0.18%
SKYD	Skydance Corp CALL + SHARES Communication Services	Reduced	371,165	-328,243	$3,659,687	−42.0%	4	unpriced	0.16%
MZYX	MOZAYYX Acquisition Corp. Financial Services	NEW	350,100	NEW	$3,490,497	NEW	1	$9.91	0.16%

Showing the top 50 of 101 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.