# EDGAR Filing Document

**Accession Number:** 0001838556
**File Stem:** 0001838556-26-000009
**Filing Date:** 2026-5
**Character Count:** 13485
**Document Hash:** ec685aeb5e1e8e38938dd45751773f9f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001838556-26-000009.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001838556-26-000009

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Murchinson Ltd.
- **CENTRAL INDEX KEY:** 0001838556

**ORGANIZATION NAME:**
- **EIN:** 811321967
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21332
- **FILM NUMBER:** 26985949

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 145 ADELAIDE STREET WEST
- **STREET 2:** SUITE 400
- **CITY:** TORONTO
- **NON US STATE TERRITORY:** CANADA
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5H 4E5
- **BUSINESS PHONE:** (416) 845-0666

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 145 ADELAIDE STREET WEST
- **STREET 2:** SUITE 400
- **CITY:** TORONTO
- **NON US STATE TERRITORY:** CANADA
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5H 4E5

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Murchinson Ltd.<br>**Address:** 145 ADELAIDE STREET WEST<br>SUITE 400<br>TORONTO, A6 M5H 4E5

**Form 13F File Number:** 028-21332

**CRD Number (if applicable):** 000310138

**SEC File Number (if applicable):** 802-119462

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Marc J. Bistricer<br>**Title:** Chief Executive Officer<br>**Phone:** 416-845-0666

**Signature, Place, and Date of Signing:**

/s/ Marc J. Bistricer  Toronto, A6  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 95

**Form 13F Information Table Value Total:** $791096443

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADVISORSHARES TR | PURE US CANNABIS | 00768Y453 |  | 3549627 | 999895 | SH |  | SOLE |  | 999895 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 240278 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| AMICUS THERAPEUTIC | COM | 03152W109 |  | 241482 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| ATKORE INC | COM | 047649108 |  | 883650 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 3819677 | 106874 | SH |  | SOLE |  | 106874 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 |  | 2713026 | 20046 | SH |  | SOLE |  | 20046 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 |  | 20301000 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 |  | 20301000 | 150000 | SH | Put | SOLE |  | 150000 | 0 | 0 |
| BANK NOVA SCOTIA B C | COM | 064149107 |  | 10209363 | 147300 | SH | Call | SOLE |  | 147300 | 0 | 0 |
| BANK NOVA SCOTIA B C | COM | 064149107 |  | 10209363 | 147300 | SH | Put | SOLE |  | 147300 | 0 | 0 |
| BEYOND AIR INC | COM NEW | 08862L202 |  | 227757 | 329987 | SH |  | SOLE |  | 329987 | 0 | 0 |
| BLUE FOUNDRY BANCORP | COM | 09549B104 |  | 248912 | 18800 | SH |  | SOLE |  | 18800 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 223951 | 3740 | SH |  | SOLE |  | 3740 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 10100350 | 106600 | SH | Call | SOLE |  | 106600 | 0 | 0 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 10100350 | 106600 | SH | Put | SOLE |  | 106600 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 |  | 5116650 | 105000 | SH | Call | SOLE |  | 105000 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 |  | 5116650 | 105000 | SH | Put | SOLE |  | 105000 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 1689025 | 16435 | SH |  | SOLE |  | 16435 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 2569250 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 2569250 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 4538682 | 57700 | SH | Call | SOLE |  | 57700 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 4538682 | 57700 | SH | Put | SOLE |  | 57700 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 |  | 238901 | 22100 | SH |  | SOLE |  | 22100 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 |  | 24921438 | 120539 | SH |  | SOLE |  | 120539 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 |  | 238896 | 100800 | SH |  | SOLE |  | 100800 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 236500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CPI AEROSTRUCTURES INC | COM NEW | 125919308 |  | 55578 | 14178 | SH |  | SOLE |  | 14178 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 |  | 244616 | 3060 | SH |  | SOLE |  | 3060 | 0 | 0 |
| DIAMOND HILL INVT GROUP INC | COM NEW | 25264R207 |  | 240940 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 246720 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 2926750 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 219540 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 2436300 | 45000 | SH | Call | SOLE |  | 45000 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 2436300 | 45000 | SH | Put | SOLE |  | 45000 | 0 | 0 |
| ENHABIT INC | COM | 29332G102 |  | 249393 | 17700 | SH |  | SOLE |  | 17700 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 2958900 | 15000 | SH | Call | SOLE |  | 15000 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 808955 | 14500 | SH | Call | SOLE |  | 14500 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 808955 | 14500 | SH | Put | SOLE |  | 14500 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 |  | 781666 | 3164 | SH |  | SOLE |  | 3164 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 |  | 52549 | 111569 | SH |  | SOLE |  | 111569 | 0 | 0 |
| GOSSAMER BIO INC | COM | 38341P102 |  | 174370 | 530000 | SH | Call | SOLE |  | 530000 | 0 | 0 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 |  | 241400 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| HERITAGE COMM CORP | COM | 426927109 |  | 232128 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 1164298 | 8900 | SH | Call | SOLE |  | 8900 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 1164298 | 8900 | SH | Put | SOLE |  | 8900 | 0 | 0 |
| INCANNEX HEALTHCARE INC | COM | 45333F208 |  | 312339 | 104113 | SH |  | SOLE |  | 104113 | 0 | 0 |
| INTERNATIONAL MONEY EXPRESS | COM | 46005L101 |  | 342860 | 21700 | SH |  | SOLE |  | 21700 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 1022100 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 2001221 | 19881 | SH |  | SOLE |  | 19881 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 256850 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 2586000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 217898 | 36560 | SH |  | SOLE |  | 36560 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE  3.750% 3/1 | 531229AP7 |  | 259919 | 250000 | PRN |  | SOLE |  | 250000 | 0 | 0 |
| NANO DIMENSION LTD | SPONSORD ADS NEW | 63008G203 |  | 26435000 | 15550000 | SH |  | SOLE |  | 15550000 | 0 | 0 |
| NEW AMER ACQUISITION I CORP | UNIT 99/99/9999 | 023634207 |  | 7837938 | 755100 | SH |  | SOLE |  | 755100 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 18585 | 31500 | SH | Put | SOLE |  | 31500 | 0 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 |  | 3204000 | 200000 | SH | Put | SOLE |  | 200000 | 0 | 0 |
| NORTHWEST BANCSHARES INC | COM | 667340103 |  | 380700 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 |  | 230790 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 4859624 | 64400 | SH | Call | SOLE |  | 64400 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 203885374 | 2701900 | SH | Put | SOLE |  | 2701900 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 49768209 | 659531 | SH |  | SOLE |  | 659531 | 0 | 0 |
| ON24 INC | COM | 68339B104 |  | 243810 | 30100 | SH |  | SOLE |  | 30100 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 242400 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 14711000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| ORAMED PHARMACEUTICALS INC | COM NEW | 68403P203 |  | 4472000 | 1315294 | SH |  | SOLE |  | 1315294 | 0 | 0 |
| OSISKO DEVELOPMENT CORP | COM NEW | 68828E809 |  | 650000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| PELTHOS THERAPEUTICS INC | COM SHS | 171126204 |  | 6225557 | 296314 | SH |  | SOLE |  | 296314 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 2635500 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| PROASSURANCE CORP | COM | 74267C106 |  | 244728 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 12164562 | 75192 | SH |  | SOLE |  | 75192 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 53969808 | 333600 | SH | Call | SOLE |  | 333600 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 53969808 | 333600 | SH | Put | SOLE |  | 333600 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 239685 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| SEMRUSH HLDGS INC | CL A COM | 81686C104 |  | 239994 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 57480332 | 1725100 | SH |  | SOLE |  | 1725100 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 2001784 | 21844 | SH |  | SOLE |  | 21844 | 0 | 0 |
| STELLAR BANCORP INC | COM | 858927106 |  | 230643 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 7457208 | 112800 | SH | Call | SOLE |  | 112800 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 7457208 | 112800 | SH | Put | SOLE |  | 112800 | 0 | 0 |
| SUNOCOCORP LLC | COM SHS LLC | 86765Q106 |  | 3608190 | 58527 | SH |  | SOLE |  | 58527 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 10992560 | 175600 | SH | Call | SOLE |  | 175600 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 10992560 | 175600 | SH | Put | SOLE |  | 175600 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 23794050 | 255000 | SH | Call | SOLE |  | 255000 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 23794050 | 255000 | SH | Put | SOLE |  | 255000 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 233650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| TWO HARBORS INVENTMENT CORPO | COM | 90187B804 |  | 194140 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| UDEMY INC | COM | 902685106 |  | 219450 | 47500 | SH |  | SOLE |  | 47500 | 0 | 0 |
| UNDER ARMOUR INC | CL C | 904311206 |  | 868500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| USA TODAY CO INC | COM | 36472T109 |  | 2256000 | 320000 | SH |  | SOLE |  | 320000 | 0 | 0 |
| VANDA PHARMACEUTICALS INC | COM | 921659108 |  | 207300 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 4501500 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| VERIS RESIDENTIAL INC | COM | 554489104 |  | 239649 | 12700 | SH |  | SOLE |  | 12700 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 8238000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| YORKVILLE ACQUISITION CORP. | SHS CL A | G98659116 |  | 10114044 | 1000400 | SH |  | SOLE |  | 1000400 | 0 | 0 |

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