Vertical Aerospace
EVTL on NYSE. Market value $102m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
None of the long-term investors we follow own it. 81 funds in all.
Largest holders overall
- Mudrick Capital Management, L.P.$91mCut
- Saba Capital Management, L.P.$18mCut
- Ilex Capital Partners (UK) LLP$10mAdded
- Frontier Capital Management$9mAdded
- Millennium Management$8mAdded
- Masters Capital Management$7mAdded
- Marshall Wace, LLP$4mAdded
- Inherent Management$4m
- Adage Capital Partners GP, L.L.C.$3m
- Morgan Stanley$3mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
7 investors own more than 5%; 1 of them is pushing for change.
- at least 64.2%0.0 pts(filed with 19 related holders)Since 23 September 2026
What they said
This Item 4 of the Schedule 13D is amended and supplemented as follows: As previously disclosed, on August 12, 2026, Mudrick Capital Management, L.P., on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by it or its affiliates…
Read the filing - Mudrick Capital Management, LLCPassive investorat least 58.4%0.0 pts(filed with 18 related holders)Since 20 April 2026
What they said
This Item 4 of the Schedule 13D is amended and supplemented as follows: The information disclosed in Item 6 of this Amendment No. 7 is incorporated by reference herein.
Read the filing - Mudrick Distressed Opportunity Fund Global, L.P.Passive investor21.3%−1.6 ptsSince 10 July 2025
What they said
This Item 4 of the Schedule 13D is amended and supplemented as follows: As disclosed by the Issuer, on July 10, 2025, pursuant to the Prospectus dated May 28, 2025, as supplemented, the Issuer offered and sold approximately $60,000,000 in Ordinary Shares at a price of $5.00 per…
Read the filing - Saba Capital Management, L.P.Passive investorat least 10.3%−1.7 pts(filed with 2 related holders)Since 30 June 2026
- FITZPATRICK STEPHEN JAMESat least 8.1%−1.4 pts(filed with 1 related holder)Since 17 November 2025
- Islet Management, LPPassive investorat least 7.3%(filed with 1 related holder)Since 30 March 2026
- Kenneth GriffinPassive investorat least 4.9%(filed with 6 related holders)Since 30 March 2026
- Mudrick Distressed Opportunity SIF Master Fund GP, LLCSold down below 5%Since 20 December 2024
What they said
This Item 4 of the Schedule 13D is amended and supplemented as follows: On December 23, 2024, the Issuer and U.S. Bank Trust Company, National Association, acting as trustee and collateral agent, executed the First Supplemental Indenture to the indenture, dated December 16, 2021…
Read the filing - American Airlines Group Inc.Passive investorSold down below 5%Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
at least 64.2%0.0 pts (filed with 19 related holders) | 23 September 2026 | What they saidThis Item 4 of the Schedule 13D is amended and supplemented as follows: As previously disclosed, on August 12, 2026, Mudrick Capital Management, L.P., on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by it or its affiliates… Read the filing | |
Mudrick Capital Management, LLC Passive investor | at least 58.4%0.0 pts (filed with 18 related holders) | 20 April 2026 | What they saidThis Item 4 of the Schedule 13D is amended and supplemented as follows: The information disclosed in Item 6 of this Amendment No. 7 is incorporated by reference herein. Read the filing |
Mudrick Distressed Opportunity Fund Global, L.P. Passive investor | 21.3%−1.6 pts | 10 July 2025 | What they saidThis Item 4 of the Schedule 13D is amended and supplemented as follows: As disclosed by the Issuer, on July 10, 2025, pursuant to the Prospectus dated May 28, 2025, as supplemented, the Issuer offered and sold approximately $60,000,000 in Ordinary Shares at a price of $5.00 per… Read the filing |
Saba Capital Management, L.P. Passive investor | at least 10.3%−1.7 pts (filed with 2 related holders) | 30 June 2026 | |
FITZPATRICK STEPHEN JAMES | at least 8.1%−1.4 pts (filed with 1 related holder) | 17 November 2025 | |
Islet Management, LP Passive investor | at least 7.3% (filed with 1 related holder) | 30 March 2026 | |
Kenneth Griffin Passive investor | at least 4.9% (filed with 6 related holders) | 30 March 2026 | |
Mudrick Distressed Opportunity SIF Master Fund GP, LLC | Sold down below 5% | 20 December 2024 | What they saidThis Item 4 of the Schedule 13D is amended and supplemented as follows: On December 23, 2024, the Issuer and U.S. Bank Trust Company, National Association, acting as trustee and collateral agent, executed the First Supplemental Indenture to the indenture, dated December 16, 2021… Read the filing |
American Airlines Group Inc. Passive investor | Sold down below 5% | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Vertical Aerospace doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.