MAC Alpha Capital Management, LP
TAMPA, FL
$216m in 22 US stocks at the end of 30 June 2026. The top 10 are 76.4% of the money. It changed about 15.0% of the portfolio this quarter.
Value
$216m
Stocks
22
Top 10 share
76.4%
Turnover
15.0%
What changed this quarter
New
Bought for the first time this quarter.
- Pharming GroupPHAR1.4% of the fund
- 3MMMM0.2% of the fund
Added
Bought more of a stock they already held.
- B2goldBTG12.5% of the fund+47%
- CloroxCLX11.7% of the fund+89%
- Axalta Coating SystemsAXTA10.2% of the fund+46%
- Science Applications InternationalSAIC8.9% of the fund+44%
- Allison Transmission HoldingsALSN8.1% of the fund+59%
- Energizer HoldingsENR6.4% of the fund+18%
- Sibanye StillwaterSBSW6.2% of the fund+81%
- GentexGNTX4.9% of the fund+36%
- Range ResourcesRRC4.3% of the fund+42%
- Molson Coors BeverageTAP3.0% of the fund+9%
- Campbell'sCPB2.9% of the fund+25%
- ValvolineVVV2.6% of the fund+22%
- Vail ResortsMTN2.1% of the fund+35%
- Lamb Weston HoldingsLW2.1% of the fund+6%
- AgcoAGCO1.7% of the fund+8%
- Advance Auto PartsAAP1.6% of the fund+127%
Cut
Sold some of their stake.
- BorgwarnerBWA2.9% of the fund-39%
- Ero CopperERO2.8% of the fund-3%
- TechnipFMCFTI2.0% of the fund-65%
- Core LaboratoriesCLB1.4% of the fund-7%
Sold out
Sold their entire stake.
- Steel DynamicsSTLD-100%
Holdings
- B2goldBTG
- Share
- 12.5%
- Value
- $27m
- Shares
- 7,226,814
+47%
- Ero CopperERO
- Share
- 2.8%
- Value
- $6m
- Shares
- 223,171
-3%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| B2goldBTG | 12.5% | $27m | 7,226,814 | +47% |
| CloroxCLX | 11.7% | $25m | 263,789 | +89% |
| Axalta Coating SystemsAXTA | 10.2% | $22m | 645,643 | +46% |
| Science Applications InternationalSAIC | 8.9% | $19m | 174,892 | +44% |
| Allison Transmission HoldingsALSN | 8.1% | $18m | 156,191 | +59% |
| Energizer HoldingsENR | 6.4% | $14m | 644,967 | +18% |
| Sibanye StillwaterSBSW | 6.2% | $13m | 1,588,307 | +81% |
| GentexGNTX | 4.9% | $11m | 416,657 | +36% |
| Range ResourcesRRC | 4.3% | $9m | 250,456 | +42% |
| Molson Coors BeverageTAP | 3.0% | $7m | 168,132 | +9% |
| Campbell'sCPB | 2.9% | $6m | 284,545 | +25% |
| BorgwarnerBWA | 2.9% | $6m | 94,400 | -39% |
| Ero CopperERO | 2.8% | $6m | 223,171 | -3% |
| ValvolineVVV | 2.6% | $6m | 139,356 | +22% |
| Vail ResortsMTN | 2.1% | $5m | 33,700 | +35% |
| Lamb Weston HoldingsLW | 2.1% | $4m | 104,103 | +6% |
| TechnipFMCFTI | 2.0% | $4m | 66,175 | -65% |
| AgcoAGCO | 1.7% | $4m | 30,503 | +8% |
| Advance Auto PartsAAP | 1.6% | $4m | 56,788 | +127% |
| Core LaboratoriesCLB | 1.4% | $3m | 262,894 | -7% |
| Pharming GroupPHAR | 1.4% | $3m | 2,148,144 | New |
| 3MMMM | 0.2% | $353,126 | 2,181 | New |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 18.9% since 31 December 2025.
Where the money is
Materials31.8%
Everyday goods19.7%
Industrials18.9%
Retail & consumer14.1%
Energy7.8%
Technology6.4%
Health care1.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.