Maple Rock Capital Partners
Toronto, A6files as Maple Rock Capital Partners Inc.
$5.1bn in 51 US stocks at the end of 30 June 2026. The top 10 are 53.0% of the money. It changed about 31.8% of the portfolio this quarter.
Value
$5.1bn
Stocks
51
Top 10 share
53.0%
Turnover
31.8%
What changed this quarter
New
Bought for the first time this quarter.
- Smurfit WestrockSW2.4% of the fund
- RXORXO1.4% of the fund
- FedEx Freight Holding CompanyFDXF1.3% of the fund
- MosaicMOS1.1% of the fund
- RambusRMBS0.9% of the fund
- Graphic Packaging HoldingGPK0.8% of the fund
- Teck ResourcesTECK0.8% of the fund
- General MotorsGM0.8% of the fund
- Talen EnergyTLN0.6% of the fund
- Amazon.comAMZN0.5% of the fund
- International PaperIP0.2% of the fund
Added
Bought more of a stock they already held.
- UnitedHealth GroupUNH5.6% of the fund+216%
- HumanaHUM4.9% of the fund+82%
- IconICLR4.1% of the fund+258%
- TFI InternationalTFII4.0% of the fund+4%
- Advance Auto PartsAAP3.0% of the fund+87%
- Brookdale Senior LivingBKD2.8% of the fund+9%
- NucorNUE2.7% of the fund+424%
- British American Tobacco p.l.c.BTI2.6% of the fund+36%
- ArcelorMittalMT2.6% of the fund+55%
- CVS HealthCVS2.4% of the fund+14%
- Louisiana-PacificLPX2.3% of the fund+37%
- CenteneCNC1.7% of the fund+110%
- Rocket CompaniesRKT1.7% of the fund+77%
- AlcoaAA1.6% of the fund+75%
- ArcbestARCB1.5% of the fund+33%
- Elevance HealthELV1.5% of the fund+209%
- XPOXPO1.4% of the fund+10%
- Algoma Steel GroupASTL1.3% of the fund+6%
- Werner EnterprisesWERN1.2% of the fund+147%
- Turning Point BrandsTPB1.1% of the fund+58%
- Molina HealthcareMOH1.1% of the fund+43%
- Fortune Brands InnovationsFBIN1.1% of the fund+105%
- SunrunRUN1.0% of the fund+23%
- Winnebago IndustriesWGO1.0% of the fund+33%
- Warrior MET CoalHCC0.4% of the fund+77%
Cut
Sold some of their stake.
- Western DigitalWDC17.0% of the fund-3%
- Seagate Technology HoldingsSTX5.7% of the fund-44%
- Equinox GoldEQX3.3% of the fund-10%
- Jd.comJD1.3% of the fund-12%
- LyftLYFT0.6% of the fund-50%
- Cleveland-CliffsCLF0.6% of the fund-85%
- Academy Sports & OutdoorsASO0.5% of the fund-30%
- SandiskSNDK<0.1% of the fund-99%
Sold out
Sold their entire stake.
- Goodyear Tire & RubberGT-100%
- B2goldBTG-100%
- WhirlpoolWHR-100%
- Avis Budget GroupCAR-100%
Holdings
- TFI InternationalTFII
- Share
- 4.0%
- Value
- $204m
- Shares
- 1,418,409
+4%
- Equinox GoldEQX
- Share
- 3.3%
- Value
- $170m
- Shares
- 17,531,248
-10%
- Algoma Steel GroupASTL
- Share
- 1.3%
- Value
- $68m
- Shares
- 16,861,818
+6%
- Jd.comJD
- Share
- 1.3%
- Value
- $68m
- Shares
- 2,670,542
-12%
- Teck ResourcesTECK
- Share
- 0.8%
- Value
- $43m
- Shares
- 718,500
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Western DigitalWDC | 17.0% | $867m | 1,357,834 | -3% |
| Seagate Technology HoldingsSTX | 5.7% | $291m | 301,162 | -44% |
| UnitedHealth GroupUNH | 5.6% | $283m | 681,100 | +216% |
| HumanaHUM | 4.9% | $250m | 628,251 | +82% |
| IconICLR | 4.1% | $208m | 1,199,600 | +258% |
| TFI InternationalTFII | 4.0% | $204m | 1,418,409 | +4% |
| Equinox GoldEQX | 3.3% | $170m | 17,531,248 | -10% |
| Advance Auto PartsAAP | 3.0% | $151m | 2,421,040 | +87% |
| Brookdale Senior LivingBKD | 2.8% | $143m | 8,888,148 | +9% |
| NucorNUE | 2.7% | $137m | 614,000 | +424% |
| British American Tobacco p.l.c.BTI | 2.6% | $134m | 2,166,000 | +36% |
| ArcelorMittalMT | 2.6% | $132m | 2,190,860 | +55% |
| CVS HealthCVS | 2.4% | $124m | 1,197,996 | +14% |
| Smurfit WestrockSW | 2.4% | $121m | 2,608,298 | New |
| Louisiana-PacificLPX | 2.3% | $120m | 1,521,859 | +37% |
| CenteneCNC | 1.7% | $89m | 1,381,879 | +110% |
| Rocket CompaniesRKT | 1.7% | $87m | 5,543,600 | +77% |
| AlcoaAA | 1.6% | $82m | 1,577,720 | +75% |
| ArcbestARCB | 1.5% | $77m | 535,746 | +33% |
| Elevance HealthELV | 1.5% | $74m | 191,500 | +209% |
| XPOXPO | 1.4% | $72m | 352,702 | +10% |
| RXORXO | 1.4% | $71m | 2,583,655 | New |
| Algoma Steel GroupASTL | 1.3% | $68m | 16,861,818 | +6% |
| FedEx Freight Holding CompanyFDXF | 1.3% | $68m | 451,700 | New |
| Jd.comJD | 1.3% | $68m | 2,670,542 | -12% |
| Werner EnterprisesWERN | 1.2% | $60m | 1,366,167 | +147% |
| Turning Point BrandsTPB | 1.1% | $58m | 686,800 | +58% |
| Westinghouse Air Brake TechnologiesWAB | 1.1% | $58m | 215,400 | Held |
| MosaicMOS | 1.1% | $57m | 2,680,000 | New |
| Molina HealthcareMOH | 1.1% | $56m | 243,300 | +43% |
| Fortune Brands InnovationsFBIN | 1.1% | $55m | 996,282 | +105% |
| LKQLKQ | 1.1% | $54m | 2,065,565 | Held |
| SunrunRUN | 1.0% | $49m | 3,694,548 | +23% |
| Winnebago IndustriesWGO | 1.0% | $49m | 1,559,231 | +33% |
| RambusRMBS | 0.9% | $45m | 342,600 | New |
| IngevityNGVT | 0.9% | $45m | 603,303 | Held |
| Graphic Packaging HoldingGPK | 0.8% | $43m | 4,099,800 | New |
| Teck ResourcesTECK | 0.8% | $43m | 718,500 | New |
| General MotorsGM | 0.8% | $39m | 499,497 | New |
| Thor IndustriesTHO | 0.7% | $35m | 461,864 | Held |
| Talen EnergyTLN | 0.6% | $31m | 80,300 | New |
| LAS Vegas SandsLVS | 0.6% | $31m | 662,824 | Held |
| LyftLYFT | 0.6% | $30m | 2,062,351 | -50% |
| Cleveland-CliffsCLF | 0.6% | $29m | 3,083,157 | -85% |
| Knight-Swift Transportation HoldingsKNX | 0.6% | $29m | 366,095 | Held |
| Academy Sports & OutdoorsASO | 0.5% | $28m | 586,400 | -30% |
| Amazon.comAMZN | 0.5% | $26m | 108,000 | New |
| Rayonier Advanced MaterialsRYAM | 0.5% | $26m | 3,256,889 | Held |
| Warrior MET CoalHCC | 0.4% | $21m | 253,559 | +77% |
| International PaperIP | 0.2% | $11m | 284,400 | New |
| SandiskSNDK | <0.1% | $4m | 1,906 | -99% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 154.7% since 30 June 2025.
Where the money is
Technology24.3%
Health care24.0%
Materials18.9%
Industrials18.0%
Retail & consumer7.0%
Everyday goods3.8%
Financial services1.7%
Utilities0.6%
Energy0.4%
Other1.3%
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.