MMCAP International Inc. SPC

GRAND CAYMAN, E9

$1.2bn in 303 US stocks at the end of 30 June 2026. The top 10 are 28.1% of the money. It changed about 45.5% of the portfolio this quarter.

Value

$1.2bn

Stocks

303

Top 10 share

28.1%

Turnover

45.5%

What changed this quarter

New

Bought for the first time this quarter.

Churchill Capital Corp XIICXII
2.4% of the fund
Cartesian Growth Corp IVCGCFU
2.0% of the fund
Inflection Point Acquisition Corp. VIIPFX
1.7% of the fund
TransaltaTAC
1.5% of the fund
Futurecorp Space AcquisitionFTRA-U
1.5% of the fund
MOZAYYX AcquisitionMZYX
1.5% of the fund
Idea AcquisitionIACO
1.5% of the fund
Interprivate Invts PartnersIPVVU
1.4% of the fund
Churchill Capital Corp XICCXI
1.4% of the fund
Iron Horse Acquisition IIIRHO
1.3% of the fund
Meshflow AcquisitionMESH
1.3% of the fund
Wilco 63WLCOU
1.3% of the fund
QDRO AcquisitionQADR
1.3% of the fund
HCM IV AcquisitionHACQ
1.2% of the fund
Cantor Equity Partners VIICAES
1.2% of the fund
Aldabra 4 Liquidity Opportunity VehicleALOV
1.0% of the fund
MercadoLibreMELI
0.9% of the fund
United Acquisition Corp. IUAC
0.9% of the fund
SeaSE
0.9% of the fund
Gores Holdings XIGHXIU
0.9% of the fund
American Drive AcquisitionADAC
0.8% of the fund
Launchpad Cadenza Acquisition Corp ILPCV
0.8% of the fund
RMG ML Sports HoldingsSHOTU
0.8% of the fund
Snow Rothschild AcquisitionISNRU
0.7% of the fund
ITHAX Acquisition Corp IIIITHA
0.7% of the fund

Added

Bought more of a stock they already held.

NexGen EnergyNXE
2.1% of the fund
+11%
AptivAPTV
1.3% of the fund
+3%
General MotorsGM
1.0% of the fund
+12%
Newhold Invt Corp III
0.6% of the fund
+250%
MosaicMOS
0.5% of the fund
+55%
Quantum X LabsQXL
0.2% of the fund
+212%
Sequans Communications S ASQNS
<0.1% of the fund
+35%

Cut

Sold some of their stake.

Aris MiningARIS
8.6% of the fund
-13%
Algoma Steel GroupASTL
3.8% of the fund
-15%
Zone FrontierZONE
1.0% of the fund
-17%
STMicroelectronicsSTM
0.9% of the fund
-56%
Profound MedicalPROF
0.4% of the fund
-10%
enCore EnergyEU
0.2% of the fund
-55%
ArcelorMittalMT
0.2% of the fund
-64%
CarMaxKMX
0.2% of the fund
-22%
BorgwarnerBWA
0.2% of the fund
-58%
Vista GoldVGZ
0.1% of the fund
-42%
WeyerhaeuserWY
0.1% of the fund
-87%
First SolarFSLR
<0.1% of the fund
-9%
Steel DynamicsSTLD
<0.1% of the fund
-95%
SOL StrategiesSTKE
<0.1% of the fund
-6%
Critical MetalsCRMLW
<0.1% of the fund
-52%

Sold out

Sold their entire stake.

Xanadu Quantum TechnologiesXNDU
-100%
Churchill CAP Corp XICCXIU
-100%
Mozayyx AcquisitionMZYX-U
-100%
Idea AcquisitionIACOU
-100%
Inflection PT AcquisitIPFXU
-100%
Iron Horse Acquisit IIIRHOU
-100%
Meshflow AcquisitionMESHU
-100%
Qdro AcquisitionQADRU
-100%
HCM IV AcquisitionHACQU
-100%
Factorial EnergyFAC
-100%
Centurion AcquisitionALF
-100%
Aldabra 4 Lqdty OPP VEHALOVU
-100%
SIM Acquisition Corp. ISIMA
-100%
United Acquisition Corp IUAC-U
-100%
Haymaker Acquisition
-100%
Launchpad Cadenza AcquLPCVU
-100%
American Drive Acquisition CADACU
-100%
Graf GlobalTONT
-100%
Poet TechnologiesPOET
-100%
Ithax Acquisition Corp IIIITHAU
-100%
Cantor Equity Partners III ICAEP
-100%
Silverbox Corp VSBXE-U
-100%
D Boral Acquisition IDBCAU
-100%
Spring VY Acquisition Corp ISVIVU
-100%
Iris Acquisition Corp IIIRAB-U
-100%

Holdings

Aris MiningARIS
Share
8.6%
Value
$102m
Shares
6,830,759
-13%
Algoma Steel GroupASTL
Share
3.8%
Value
$44m
Shares
10,954,738
-15%
Churchill Capital Corp XIICXII
Share
2.4%
Value
$29m
Shares
2,700,000
New
Drugs Made In America Acquisition IIDMII
Share
2.3%
Value
$27m
Shares
2,700,000
Held
NexGen EnergyNXE
Share
2.1%
Value
$25m
Shares
2,694,352
+11%
Cartesian Growth Corp IVCGCFU
Share
2.0%
Value
$24m
Shares
2,350,000
New
New Providence Acquisition Corp. III/CaymanNPAC
Share
1.9%
Value
$23m
Shares
2,200,000
Held
Inflection Point Acquisition Corp. VIIPFX
Share
1.7%
Value
$20m
Shares
1,931,762
New
Fifth Era Acquisition Corp IFERA
Share
1.7%
Value
$20m
Shares
1,900,000
Held
TransaltaTAC
Share
1.5%
Value
$18m
Shares
1,310,100
New
Futurecorp Space AcquisitionFTRA-U
Share
1.5%
Value
$18m
Shares
1,750,000
New
MOZAYYX AcquisitionMZYX
Share
1.5%
Value
$17m
Shares
1,750,000
New
Idea AcquisitionIACO
Share
1.5%
Value
$17m
Shares
1,750,000
New
Interprivate Invts PartnersIPVVU
Share
1.4%
Value
$17m
Shares
1,700,000
New
Churchill Capital Corp XICCXI
Share
1.4%
Value
$17m
Shares
950,474
New
Cardiol TherapeuticsCRDL
Share
1.4%
Value
$17m
Shares
15,598,560
Held
Republic Digital AcquisitionRDAG
Share
1.4%
Value
$16m
Shares
1,565,000
Held
Launch One AcquisitionLPAA
Share
1.4%
Value
$16m
Shares
1,480,000
Held
Cantor Equity Partners IVCEPF
Share
1.3%
Value
$16m
Shares
1,500,000
Held
Iron Horse Acquisition IIIRHO
Share
1.3%
Value
$15m
Shares
1,500,000
New
Meshflow AcquisitionMESH
Share
1.3%
Value
$15m
Shares
1,500,000
New
Wilco 63WLCOU
Share
1.3%
Value
$15m
Shares
1,500,000
New
QDRO AcquisitionQADR
Share
1.3%
Value
$15m
Shares
1,500,000
New
AptivAPTV
Share
1.3%
Value
$15m
Shares
240,889
+3%
Inflection PT Acquisition
Share
1.2%
Value
$14m
Shares
1,400,000
Held
HCM IV AcquisitionHACQ
Share
1.2%
Value
$14m
Shares
1,400,000
New
GP-Act III AcquisitionGPAT
Share
1.2%
Value
$14m
Shares
1,275,000
Held
Cantor Equity Partners VIICAES
Share
1.2%
Value
$14m
Shares
1,350,000
New
Cantor Equity Partners VCEPV
Share
1.0%
Value
$12m
Shares
1,200,000
Held
WEN AcquisitionWENN
Share
1.0%
Value
$12m
Shares
1,200,000
Held
Aldabra 4 Liquidity Opportunity VehicleALOV
Share
1.0%
Value
$12m
Shares
1,200,000
New
General MotorsGM
Share
1.0%
Value
$12m
Shares
150,635
+12%
Zone FrontierZONE
Share
1.0%
Value
$11m
Shares
13,950,444
-17%
M3-Brigade Acquisition VIMBVI
Share
0.9%
Value
$11m
Shares
1,100,000
Held
MercadoLibreMELI
Share
0.9%
Value
$11m
Shares
6,298
New
SilverBox Corp IVSBXD
Share
0.9%
Value
$11m
Shares
980,000
Held
Lionheart HoldingsCUB
Share
0.9%
Value
$11m
Shares
980,000
Held
United Acquisition Corp. IUAC
Share
0.9%
Value
$10m
Shares
1,050,000
New
FutureCrest AcquisitionFCRS
Share
0.9%
Value
$10m
Shares
1,000,000
Held
HCM III AcquisitionHCMA
Share
0.9%
Value
$10m
Shares
1,000,000
Held
SeaSE
Share
0.9%
Value
$10m
Shares
106,638
New
STMicroelectronicsSTM
Share
0.9%
Value
$10m
Shares
135,542
-56%
Gores Holdings XIGHXIU
Share
0.9%
Value
$10m
Shares
1,000,000
New
Trailblazer AcquisitionBLZR
Share
0.9%
Value
$10m
Shares
1,000,000
Held
American Drive AcquisitionADAC
Share
0.8%
Value
$10m
Shares
1,000,000
New
Launchpad Cadenza Acquisition Corp ILPCV
Share
0.8%
Value
$10m
Shares
1,000,000
New
RMG ML Sports HoldingsSHOTU
Share
0.8%
Value
$9m
Shares
925,000
New
Denison MinesDNN
Share
0.7%
Value
$9m
Shares
2,857,531
Held
SnapSNAP
Share
0.7%
Value
$9m
Shares
1,958,828
Held
Snow Rothschild AcquisitionISNRU
Share
0.7%
Value
$9m
Shares
850,000
New
ITHAX Acquisition Corp IIIITHA
Share
0.7%
Value
$8m
Shares
800,000
New
Aeon Acquisition IAESPU
Share
0.7%
Value
$8m
Shares
778,500
New
SUI Group HoldingsSUIG
Share
0.7%
Value
$8m
Shares
6,750,751
Held
Pioneer Acquisition IPACH
Share
0.7%
Value
$8m
Shares
750,000
Held
Oxley Bridge AcquisitionOBA
Share
0.6%
Value
$8m
Shares
750,000
Held
Newhold Invt Corp III
Share
0.6%
Value
$8m
Shares
700,000
+250%
SilverBox Corp VSBXE
Share
0.6%
Value
$8m
Shares
750,000
New
D. Boral Acquisition IDBCA
Share
0.6%
Value
$7m
Shares
750,000
New
American Exceptionalism Acquisition Corp. AAEXA
Share
0.6%
Value
$7m
Shares
631,494
Held
Gores Holdings XGTEN
Share
0.6%
Value
$7m
Shares
700,000
Held
Crane Harbor Acquisition Corp. IICRAN
Share
0.6%
Value
$7m
Shares
650,000
Held
Andretti Acquisition Corp. IIPOLE
Share
0.5%
Value
$6m
Shares
580,000
Held
CO2 Energy TransitionNOEM
Share
0.5%
Value
$6m
Shares
590,000
Held
1RT AcquisitionONCH
Share
0.5%
Value
$6m
Shares
600,000
Held
Spring Valley Acquisition Corp. IVSVIV
Share
0.5%
Value
$6m
Shares
600,000
New
Iris Acquisition Corp IIIRAB
Share
0.5%
Value
$6m
Shares
600,000
New
Jumia Technologies AGJMIA
Share
0.5%
Value
$6m
Shares
811,535
New
Alibaba Group HldgBABA
Share
0.5%
Value
$6m
Shares
58,962
New
MosaicMOS
Share
0.5%
Value
$5m
Shares
257,538
+55%
Launch Two AcquisitionLPBB
Share
0.4%
Value
$5m
Shares
480,000
Held
FIGX Capital AcquisitionFIGX
Share
0.4%
Value
$5m
Shares
500,000
Held
Mountain Lake Acquisition Corp. IIMLAA
Share
0.4%
Value
$5m
Shares
500,000
New
Cambridge AcquisitionCAQ
Share
0.4%
Value
$5m
Shares
500,000
New
Newbury Street II AcquisitionNTWO
Share
0.4%
Value
$5m
Shares
450,000
Held
VersigentVGNT
Share
0.4%
Value
$5m
Shares
113,680
New
Profound MedicalPROF
Share
0.4%
Value
$4m
Shares
671,356
-10%
Cantor Equity Partners VICEPS
Share
0.4%
Value
$4m
Shares
400,000
Held
Twelve Seas Investment Co III/CaymanTWLV
Share
0.3%
Value
$4m
Shares
400,000
Held
Bluerock AcquisitionBLRK
Share
0.3%
Value
$4m
Shares
400,000
New
M Evo Global Acquisition Corp IIMEVO
Share
0.3%
Value
$4m
Shares
400,000
New
SharplinkSBET
Share
0.3%
Value
$4m
Shares
807,600
Held
AutonationAN
Share
0.3%
Value
$4m
Shares
19,718
New
Keel InfrastructureKEEL
Share
0.3%
Value
$4m
Shares
635,000
New
JAB Acquisition Corp IATLQU
Share
0.3%
Value
$4m
Shares
350,000
New
Art Technology AcquisitionARTC
Share
0.3%
Value
$3m
Shares
352,300
New
BHAV AcquisitionBHAV
Share
0.3%
Value
$3m
Shares
350,000
New
StellantisSTLA
Share
0.3%
Value
$3m
Shares
550,000
New
Inflection Point Acquisition Corp. VIIIPXG
Share
0.3%
Value
$3m
Shares
300,000
New
Yorkville Intl CAPYICCU
Share
0.3%
Value
$3m
Shares
300,000
New
Archimedes Tech SPAC Partners IIIARCI
Share
0.3%
Value
$3m
Shares
300,000
New
Social Commerce PartnersSCPQ
Share
0.3%
Value
$3m
Shares
300,000
New
Muzero AcquisitionMUZE
Share
0.3%
Value
$3m
Shares
300,000
New
InfleqtionINFQ-WS
Share
0.3%
Value
$3m
Shares
430,970
Held
Stellar V Capital Corp. (Cayman Islands)SVCC
Share
0.3%
Value
$3m
Shares
280,000
Held
Cronos GroupCRON
Share
0.2%
Value
$3m
Shares
999,490
Held
Worthington SteelWS
Share
0.2%
Value
$3m
Shares
82,622
New
Blue Acquisition Corp/CaymanBACC
Share
0.2%
Value
$3m
Shares
250,000
Held
LightWave AcquisitionLWAC
Share
0.2%
Value
$3m
Shares
250,000
Held
Range Capital Acquisition Corp IIRNGT
Share
0.2%
Value
$3m
Shares
250,000
Held
X3 AcquisitionXCBE
Share
0.2%
Value
$2m
Shares
250,000
New

Company	Share of fund	Value	Shares	Change
Aris MiningARIS	8.6%	$102m	6,830,759	-13%
Algoma Steel GroupASTL	3.8%	$44m	10,954,738	-15%
Churchill Capital Corp XIICXII	2.4%	$29m	2,700,000	New
Drugs Made In America Acquisition IIDMII	2.3%	$27m	2,700,000	Held
NexGen EnergyNXE	2.1%	$25m	2,694,352	+11%
Cartesian Growth Corp IVCGCFU	2.0%	$24m	2,350,000	New
New Providence Acquisition Corp. III/CaymanNPAC	1.9%	$23m	2,200,000	Held
Inflection Point Acquisition Corp. VIIPFX	1.7%	$20m	1,931,762	New
Fifth Era Acquisition Corp IFERA	1.7%	$20m	1,900,000	Held
TransaltaTAC	1.5%	$18m	1,310,100	New
Futurecorp Space AcquisitionFTRA-U	1.5%	$18m	1,750,000	New
MOZAYYX AcquisitionMZYX	1.5%	$17m	1,750,000	New
Idea AcquisitionIACO	1.5%	$17m	1,750,000	New
Interprivate Invts PartnersIPVVU	1.4%	$17m	1,700,000	New
Churchill Capital Corp XICCXI	1.4%	$17m	950,474	New
Cardiol TherapeuticsCRDL	1.4%	$17m	15,598,560	Held
Republic Digital AcquisitionRDAG	1.4%	$16m	1,565,000	Held
Launch One AcquisitionLPAA	1.4%	$16m	1,480,000	Held
Cantor Equity Partners IVCEPF	1.3%	$16m	1,500,000	Held
Iron Horse Acquisition IIIRHO	1.3%	$15m	1,500,000	New
Meshflow AcquisitionMESH	1.3%	$15m	1,500,000	New
Wilco 63WLCOU	1.3%	$15m	1,500,000	New
QDRO AcquisitionQADR	1.3%	$15m	1,500,000	New
AptivAPTV	1.3%	$15m	240,889	+3%
Inflection PT Acquisition	1.2%	$14m	1,400,000	Held
HCM IV AcquisitionHACQ	1.2%	$14m	1,400,000	New
GP-Act III AcquisitionGPAT	1.2%	$14m	1,275,000	Held
Cantor Equity Partners VIICAES	1.2%	$14m	1,350,000	New
Cantor Equity Partners VCEPV	1.0%	$12m	1,200,000	Held
WEN AcquisitionWENN	1.0%	$12m	1,200,000	Held
Aldabra 4 Liquidity Opportunity VehicleALOV	1.0%	$12m	1,200,000	New
General MotorsGM	1.0%	$12m	150,635	+12%
Zone FrontierZONE	1.0%	$11m	13,950,444	-17%
M3-Brigade Acquisition VIMBVI	0.9%	$11m	1,100,000	Held
MercadoLibreMELI	0.9%	$11m	6,298	New
SilverBox Corp IVSBXD	0.9%	$11m	980,000	Held
Lionheart HoldingsCUB	0.9%	$11m	980,000	Held
United Acquisition Corp. IUAC	0.9%	$10m	1,050,000	New
FutureCrest AcquisitionFCRS	0.9%	$10m	1,000,000	Held
HCM III AcquisitionHCMA	0.9%	$10m	1,000,000	Held
SeaSE	0.9%	$10m	106,638	New
STMicroelectronicsSTM	0.9%	$10m	135,542	-56%
Gores Holdings XIGHXIU	0.9%	$10m	1,000,000	New
Trailblazer AcquisitionBLZR	0.9%	$10m	1,000,000	Held
American Drive AcquisitionADAC	0.8%	$10m	1,000,000	New
Launchpad Cadenza Acquisition Corp ILPCV	0.8%	$10m	1,000,000	New
RMG ML Sports HoldingsSHOTU	0.8%	$9m	925,000	New
Denison MinesDNN	0.7%	$9m	2,857,531	Held
SnapSNAP	0.7%	$9m	1,958,828	Held
Snow Rothschild AcquisitionISNRU	0.7%	$9m	850,000	New
ITHAX Acquisition Corp IIIITHA	0.7%	$8m	800,000	New
Aeon Acquisition IAESPU	0.7%	$8m	778,500	New
SUI Group HoldingsSUIG	0.7%	$8m	6,750,751	Held
Pioneer Acquisition IPACH	0.7%	$8m	750,000	Held
Oxley Bridge AcquisitionOBA	0.6%	$8m	750,000	Held
Newhold Invt Corp III	0.6%	$8m	700,000	+250%
SilverBox Corp VSBXE	0.6%	$8m	750,000	New
D. Boral Acquisition IDBCA	0.6%	$7m	750,000	New
American Exceptionalism Acquisition Corp. AAEXA	0.6%	$7m	631,494	Held
Gores Holdings XGTEN	0.6%	$7m	700,000	Held
Crane Harbor Acquisition Corp. IICRAN	0.6%	$7m	650,000	Held
Andretti Acquisition Corp. IIPOLE	0.5%	$6m	580,000	Held
CO2 Energy TransitionNOEM	0.5%	$6m	590,000	Held
1RT AcquisitionONCH	0.5%	$6m	600,000	Held
Spring Valley Acquisition Corp. IVSVIV	0.5%	$6m	600,000	New
Iris Acquisition Corp IIIRAB	0.5%	$6m	600,000	New
Jumia Technologies AGJMIA	0.5%	$6m	811,535	New
Alibaba Group HldgBABA	0.5%	$6m	58,962	New
MosaicMOS	0.5%	$5m	257,538	+55%
Launch Two AcquisitionLPBB	0.4%	$5m	480,000	Held
FIGX Capital AcquisitionFIGX	0.4%	$5m	500,000	Held
Mountain Lake Acquisition Corp. IIMLAA	0.4%	$5m	500,000	New
Cambridge AcquisitionCAQ	0.4%	$5m	500,000	New
Newbury Street II AcquisitionNTWO	0.4%	$5m	450,000	Held
VersigentVGNT	0.4%	$5m	113,680	New
Profound MedicalPROF	0.4%	$4m	671,356	-10%
Cantor Equity Partners VICEPS	0.4%	$4m	400,000	Held
Twelve Seas Investment Co III/CaymanTWLV	0.3%	$4m	400,000	Held
Bluerock AcquisitionBLRK	0.3%	$4m	400,000	New
M Evo Global Acquisition Corp IIMEVO	0.3%	$4m	400,000	New
SharplinkSBET	0.3%	$4m	807,600	Held
AutonationAN	0.3%	$4m	19,718	New
Keel InfrastructureKEEL	0.3%	$4m	635,000	New
JAB Acquisition Corp IATLQU	0.3%	$4m	350,000	New
Art Technology AcquisitionARTC	0.3%	$3m	352,300	New
BHAV AcquisitionBHAV	0.3%	$3m	350,000	New
StellantisSTLA	0.3%	$3m	550,000	New
Inflection Point Acquisition Corp. VIIIPXG	0.3%	$3m	300,000	New
Yorkville Intl CAPYICCU	0.3%	$3m	300,000	New
Archimedes Tech SPAC Partners IIIARCI	0.3%	$3m	300,000	New
Social Commerce PartnersSCPQ	0.3%	$3m	300,000	New
Muzero AcquisitionMUZE	0.3%	$3m	300,000	New
InfleqtionINFQ-WS	0.3%	$3m	430,970	Held
Stellar V Capital Corp. (Cayman Islands)SVCC	0.3%	$3m	280,000	Held
Cronos GroupCRON	0.2%	$3m	999,490	Held
Worthington SteelWS	0.2%	$3m	82,622	New
Blue Acquisition Corp/CaymanBACC	0.2%	$3m	250,000	Held
LightWave AcquisitionLWAC	0.2%	$3m	250,000	Held
Range Capital Acquisition Corp IIRNGT	0.2%	$3m	250,000	Held
X3 AcquisitionXCBE	0.2%	$2m	250,000	New

Showing the largest 100 of 303.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 41.9% since 30 June 2025.

Where the money is

Financial services52.1%

Materials18.3%

Technology4.5%

Retail & consumer3.6%

Health care2.2%

Industrials2.0%

Utilities1.5%

Energy0.2%

Real estate0.1%

Other15.5%

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.