MMCAP International Inc. SPC

hedge fundUpdated 27 days ago

Managed by Mmcap International Inc. Spc • Latest filing Q2 2026

Portfolio value

$1.2B

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

-84.5%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$508.6B
Q2 2023	$303.8B
Q3 2023	$348.3B
Q4 2023	$546.1B
Q1 2024	$768.2B
Q2 2024	$719.2B
Q3 2024	$719B
Q4 2024	$664.9B
Q1 2025	$586.8B
Q2 2025	$831.4M
Q3 2025	$859.8M
Q4 2025	$1B
Q1 2026	$1.2B
Q2 2026	$1.2B

Top holdings

304 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	A ARIS Aris Mining Corp	$101.8M	6.83M	8.63%	Trimmed(-12.6%)
2	A ASTLW Algoma Steel Group Inc	$44.4M	10.95M	3.76%	Trimmed(-14.7%)
3	C CXIIU Churchill Capital Corp XII	$28.8M	2.70M	2.44%	—
4	D DMIIU Drugs Made In America Acquisit	$27.2M	2.70M	2.30%	Unchanged
5	N NXE NexGen Energy SEG	$25.3M	2.69M	2.14%	Added(+10.9%)
6	C CGCFU Cartesian Growth Corp IV	$23.5M	2.35M	1.99%	—
7	N NPACU New Providence Acquisition Cor	$22.8M	2.20M	1.94%	Unchanged
8	? N/A Inflection Point Acquisition C	$20M	1.93M	1.69%	—
9	F FERAU Fifth Era Acquisition Corp I	$19.8M	1.90M	1.68%	Unchanged
10	T TACPF TransAlta Corp	$18.1M	1.31M	1.54%	—
11	F FTRA-UN FutureCorp Space Acquisition 1	$17.7M	1.75M	1.50%	—
12	M MZYX-WT MOZAYYX Acquisition Corp	$17.4M	1.75M	1.48%	—
13	I IACOW Idea Acquisition Corp	$17.3M	1.75M	1.47%	—
14	? N/A InterPrivate Investment Partne	$16.9M	1.70M	1.43%	—
15	C CCXIW Churchill Capital Corp XI	$16.6M	950.5K	1.41%	—
16	C CRDL Cardiol Therapeutics Inc	$16.5M	15.60M	1.40%	Added(+1.6%)
17	R RDAGW Republic Digital Acquisition C	$16.2M	1.56M	1.37%	Unchanged
18	L LPAAU Launch One Acquisition Corp	$16M	1.48M	1.36%	Unchanged
19	C CEPF Cantor Equity Partners IV Inc	$15.6M	1.50M	1.32%	Unchanged
20	I IRHOU Iron Horse Acquisition II Corp	$15M	1.50M	1.28%	—

A

Aris Mining Corp

-12.6%

Value

$101.8M

Shares

6.83M

% Port

8.63%

A

Algoma Steel Group Inc

-14.7%

Value

$44.4M

Shares

10.95M

% Port

3.76%

C

Churchill Capital Corp XII

Value

$28.8M

Shares

2.70M

% Port

2.44%

D

Drugs Made In America Acquisit

Unchanged

Value

$27.2M

Shares

2.70M

% Port

2.30%

N

NexGen Energy SEG

+10.9%

Value

$25.3M

Shares

2.69M

% Port

2.14%

C

Cartesian Growth Corp IV

Value

$23.5M

Shares

2.35M

% Port

1.99%

N

New Providence Acquisition Cor

Unchanged

Value

$22.8M

Shares

2.20M

% Port

1.94%

?

8.N/A

Inflection Point Acquisition C

Value

$20M

Shares

1.93M

% Port

1.69%

F

Fifth Era Acquisition Corp I

Unchanged

Value

$19.8M

Shares

1.90M

% Port

1.68%

T

TransAlta Corp

Value

$18.1M

Shares

1.31M

% Port

1.54%

F

FutureCorp Space Acquisition 1

Value

$17.7M

Shares

1.75M

% Port

1.50%

M

MOZAYYX Acquisition Corp

Value

$17.4M

Shares

1.75M

% Port

1.48%

I

Idea Acquisition Corp

Value

$17.3M

Shares

1.75M

% Port

1.47%

?

14.N/A

InterPrivate Investment Partne

Value

$16.9M

Shares

1.70M

% Port

1.43%

C

Churchill Capital Corp XI

Value

$16.6M

Shares

950.5K

% Port

1.41%

C

Cardiol Therapeutics Inc

+1.6%

Value

$16.5M

Shares

15.60M

% Port

1.40%

R

Republic Digital Acquisition C

Unchanged

Value

$16.2M

Shares

1.56M

% Port

1.37%

L

Launch One Acquisition Corp

Unchanged

Value

$16M

Shares

1.48M

% Port

1.36%

C

Cantor Equity Partners IV Inc

Unchanged

Value

$15.6M

Shares

1.50M

% Port

1.32%

I

Iron Horse Acquisition II Corp

Value

$15M

Shares

1.50M

% Port

1.28%

View full portfolio (304 holdings) →

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