MMCAP International Inc. SPC

CIK

1304857

Location

GRAND CAYMAN, E9

Portfolio Value

Mid $1,157,015,465

Diversification

Diversified

Filing Date

Global Rank

#2,445 / 8,817 ▼ 259

Top Industry

Shell Companies 66.3%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 31.5%, 46.1 effective positions, active share 99.5% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

129.3% over the last four quarters (100%+)

Horizon

Medium horizon

Value-weighted holding period 4.8 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 99.5%; sector active share 67.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

287 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.8%

−4.3 pts

Top 5

19.7%

−7.9 pts

Top 10

28.9%

−8.4 pts

HHI

187

Diversified−114

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	66.9%	$774,517,089	187
Basic Materials	14.3%	$164,888,519	17
Consumer Cyclical	6.5%	$75,745,864	12
Energy	3.3%	$38,296,603	7
Technology	2.6%	$30,114,977	23
Healthcare	2.5%	$29,115,664	16
Utilities	1.6%	$18,432,178	2
Communication Services	0.9%	$10,649,981	4
Unclassified	0.7%	$8,161,569	4
Industrials	0.5%	$5,499,643	11
Real Estate	0.1%	$1,264,108	2
Consumer Defensive	0.0%	$329,270	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
—		+500,000	700,000	$7,623,000
NXE	NexGen Energy Ltd.	+264,454	2,694,352	$25,299,964
CRDL	Cardiol Therapeutics Inc.	+246,243	15,598,560	$16,534,473
QXL	Quantum X Labs Inc.	+245,578	361,573	$2,060,966
SUIG	SUI Group Holdings Ltd.	+100,000	6,750,751	$7,830,871
MOS	Mosaic Co	+91,565	257,538	$5,457,230
GM	General Motors Co	+16,619	150,635	$11,610,945
SQNS	Sequans Communications	+13,230	51,060	$173,604
APTV	Aptiv PLC	+7,797	240,889	$14,785,766
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
ZOOZ	ZOOZ Strategy Ltd.	−6,650,000	350,000	$1,939,000
ZONE	Zone Frontier Inc.	−2,917,169	13,950,444	$11,439,364
EU	enCore Energy Corp.	−2,299,857	1,863,579	$2,441,288
ASTL	Algoma Steel Group Inc.	−1,890,884	10,954,738	$44,366,688
FAC	Factorial Energy Inc.	−1,342,070	7,930	$87,943
KEEL	Keel Infrastructure Corp.	−1,060,298	635,000	$3,644,900
ARIS	Aris Mining Corp	−984,383	6,830,759	$101,846,616
VGZ	Vista Gold Corp	−481,436	658,564	$1,257,857
WY	Weyerhaeuser Co	−358,892	52,492	$1,256,658
STM	STMicroelectronics N.V.	−174,383	135,542	$10,150,740
PROF	Profound Medical Corp.	−73,796	671,356	$4,464,517
STLD	Steel Dynamics Inc	−69,970	3,938	$903,613
MT	ArcelorMittal	−68,202	37,668	$2,268,366
CRMLW	Critical Metals Corp.	−55,042	50,327	$179,667
BWA	Borgwarner Inc	−41,000	30,075	$1,996,980
STKE	SOL Strategies Inc.	−13,846	236,154	$276,300
KMX	Carmax Inc	−10,759	38,498	$2,036,159
FSLR	First Solar, Inc.	−500	4,798	$1,132,136
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CXII	Churchill Capital Corp XII	2,700,000	$28,755,000
CGCF	Cartesian Growth Corp IV	2,350,000	$23,500,000
IPFX	Inflection Point Acquisition Corp. VI	1,931,762	$19,974,419
TAC	Transalta Corp	1,310,100	$18,118,683
MZYX	MOZAYYX Acquisition Corp.	1,750,000	$17,447,500
IACO	Idea Acquisition Corp.	1,750,000	$17,342,500
IPVV	InterPrivate Investment Partners V, Inc.	1,700,000	$16,864,000
CCXI	Churchill Capital Corp XI	950,474	$16,585,771
IRHO	Iron Horse Acquisition II Corp.	1,500,000	$15,045,000
MESH	Meshflow Acquisition Corp	1,500,000	$15,015,000
WLCO	Wilco 63 Corp	1,500,000	$14,925,000
QADR	QDRO Acquisition Corp.	1,500,000	$14,865,000
HACQ	HCM IV Acquisition Corp.	1,400,000	$14,042,000
CAES	Cantor Equity Partners VII, Inc.	1,350,000	$13,621,500
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	1,200,000	$11,928,000
MELI	Mercadolibre Inc	6,298	$10,690,162
UAC	United Acquisition Corp. I	1,050,000	$10,437,000
SE	Sea Ltd	106,638	$10,219,119
GHXI	Gores Holdings XI, Inc.	1,000,000	$10,150,000
ADAC	American Drive Acquisition Co	1,000,000	$10,020,000
LPCV	Launchpad Cadenza Acquisition Corp I	1,000,000	$10,000,000
SHOT	RMG ML Sports Holdings	925,000	$9,240,750
ISNR	Snow Rothschild Acquisition Corp.	850,000	$8,508,500
ITHA	ITHAX Acquisition Corp III	800,000	$7,984,000
AESP	Aeon Acquisition I Corp.	778,500	$7,862,850
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
XNDU	Xanadu Quantum Technologies Ltd	6,875,000	$52,662,500
CCXIU	Churchill Capital Corp XI	2,700,000	$27,675,000
IACOU	Idea Acquisition Corp.	1,750,000	$17,342,500
IPFXU	Inflection Point Acquisition Corp. VI	1,500,000	$15,180,000
IRHOU	Iron Horse Acquisition II Corp.	1,500,000	$14,940,000
MESHU	Meshflow Acquisition Corp	1,500,000	$14,940,000
QADRU	QDRO Acquisition Corp.	1,500,000	$14,865,000
HACQU	HCM IV Acquisition Corp.	1,400,000	$14,042,000
ALF	Centurion Acquisition Corp.	1,175,000	$12,643,000
ALOVU	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	1,200,000	$11,940,000
SIMA	SIM Acquisition Corp. I	980,000	$10,505,600
—		900,000	$10,386,000
LPCVU	Launchpad Cadenza Acquisition Corp I	1,000,000	$10,000,000
ADACU	American Drive Acquisition Co	1,000,000	$9,990,000
TONT	Graf Global Corp.	830,000	$8,889,300
POET	Poet Technologies Inc.	1,494,038	$8,874,585
ITHAU	ITHAX Acquisition Corp III	800,000	$7,968,000
—		750,000	$7,732,500
DBCAU	D. Boral Acquisition I Corp.	750,000	$7,500,000
SVIVU	Spring Valley Acquisition Corp. IV	600,000	$6,096,000
VLOS	Velos Acquisition I Corp.	550,000	$5,907,000
CAQUU	Cambridge Acquisition Corp.	500,000	$4,980,000
MLAAU	Mountain Lake Acquisition Corp. II	500,000	$4,965,000
BLRKU	Bluerock Acquisition Corp.	400,000	$4,012,000
MEVOU	M Evo Global Acquisition Corp II	400,000	$4,004,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

287 tracked positions · $1,157,015,465 total · filing declares 304 positions · $1,179,602,232 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 287 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
ARIS	Aris Mining Corp Basic Materials	Reduced	6,830,759	-984,383	$101,846,616	−29.8%	12	$4.10	8.80%
ASTL	Algoma Steel Group Inc. Basic Materials	Reduced	10,954,738	-1,890,884	$44,366,688	−16.4%	11	$6.33	3.83%
CXII	Churchill Capital Corp XII Financial Services	NEW	2,700,000	NEW	$28,755,000	NEW	1	unpriced	2.49%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Held	2,700,000	0	$27,162,000	+0.9%	2	$9.96	2.35%
NXE	NexGen Energy Ltd. Energy	Added	2,694,352	+264,454	$25,299,964	−10.2%	16	$9.02	2.19%
CGCF	Cartesian Growth Corp IV Financial Services	NEW	2,350,000	NEW	$23,500,000	NEW	1	unpriced	2.03%
NPAC	New Providence Acquisition Corp. III Financial Services	Held	2,200,000	0	$22,838,200	+1.2%	4	$10.13	1.97%
IPFX	Inflection Point Acquisition Corp. VI Financial Services	NEW	1,931,762	NEW	$19,974,419	NEW	1	$10.35	1.73%
FERA	Fifth Era Acquisition Corp I Financial Services	Held	1,900,000	0	$19,798,000	+1.2%	4	$10.16	1.71%
TAC	Transalta Corp Utilities	NEW	1,310,100	NEW	$18,118,683	NEW	1	$13.21	1.57%
MZYX	MOZAYYX Acquisition Corp. Financial Services	NEW	1,750,000	NEW	$17,447,500	NEW	1	$9.91	1.51%
IACO	Idea Acquisition Corp. Financial Services	NEW	1,750,000	NEW	$17,342,500	NEW	1	$9.88	1.50%
IPVV	InterPrivate Investment Partners V, Inc. Financial Services	NEW	1,700,000	NEW	$16,864,000	NEW	1	unpriced	1.46%
CCXI	Churchill Capital Corp XI Financial Services	NEW	950,474	NEW	$16,585,771	NEW	1	$10.65	1.43%
CRDL	Cardiol Therapeutics Inc. Healthcare	Added	15,598,560	+246,243	$16,534,473	−20.2%	19	$1.05	1.43%
RDAG	Republic Digital Acquisition Co Financial Services	Held	1,565,000	0	$16,150,800	+0.9%	4	$10.28	1.40%
LPAA	Launch One Acquisition Corp. Financial Services	Held	1,480,000	0	$16,043,200	+1.2%	8	unpriced	1.39%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Held	1,500,000	0	$15,600,000	+2.1%	4	$10.15	1.35%
IRHO	Iron Horse Acquisition II Corp. Financial Services	NEW	1,500,000	NEW	$15,045,000	NEW	1	$9.99	1.30%
MESH	Meshflow Acquisition Corp Financial Services	NEW	1,500,000	NEW	$15,015,000	NEW	1	$9.96	1.30%
WLCO	Wilco 63 Corp Financial Services	NEW	1,500,000	NEW	$14,925,000	NEW	1	unpriced	1.29%
QADR	QDRO Acquisition Corp. Financial Services	NEW	1,500,000	NEW	$14,865,000	NEW	1	unpriced	1.28%
APTV	Aptiv PLC Consumer Cyclical	Added	240,889	+7,797	$14,785,766	−8.7%	4	$78.15	1.28%
		Held	1,400,000	0	$14,462,000	+1.1%	4	$10.14	1.25%
HACQ	HCM IV Acquisition Corp. Financial Services	NEW	1,400,000	NEW	$14,042,000	NEW	1	$9.97	1.21%
GPAT	GP-Act III Acquisition Corp. Financial Services	Held	1,275,000	0	$13,859,250	+0.3%	8	$10.02	1.20%
CAES	Cantor Equity Partners VII, Inc. Financial Services	NEW	1,350,000	NEW	$13,621,500	NEW	1	unpriced	1.18%
CEPV	Cantor Equity Partners V, Inc. Financial Services	Held	1,200,000	0	$12,375,600	+2.1%	3	$10.25	1.07%
WENN	WEN Acquisition Corp Financial Services	Held	1,200,000	0	$12,348,000	+1.1%	4	$10.20	1.07%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	NEW	1,200,000	NEW	$11,928,000	NEW	1	unpriced	1.03%
GM	General Motors Co Consumer Cyclical	Added	150,635	+16,619	$11,610,945	+16.3%	8	$67.20	1.00%
ZONE	Zone Frontier Inc. Technology	Reduced	13,950,444	-2,917,169	$11,439,364	+90.5%	3	$0.84	0.99%
MBVI	M3-Brigade Acquisition VI Corp. Financial Services	Held	1,100,000	0	$11,143,000	+0.8%	3	$10.06	0.96%
MELI	Mercadolibre Inc Consumer Cyclical	NEW	6,298	NEW	$10,690,162	NEW	1	$1,707.75	0.92%
SBXDF	SilverBox Corp IV Financial Services	Held	980,000	0	$10,593,800	+1.0%	6	$10.13	0.92%
CUB	Lionheart Holdings Financial Services	Held	980,000	0	$10,554,600	+0.1%	8	$10.00	0.91%
UAC	United Acquisition Corp. I Financial Services	NEW	1,050,000	NEW	$10,437,000	NEW	1	$9.89	0.90%
FCRS	FutureCrest Acquisition Corp. Financial Services	Held	1,000,000	0	$10,300,000	+2.4%	3	$10.11	0.89%
HCMA	Hcm III Acquisition Corp. Financial Services	Held	1,000,000	0	$10,280,000	+2.0%	3	$10.18	0.89%
SE	Sea Ltd Consumer Cyclical	NEW	106,638	NEW	$10,219,119	NEW	1	$87.91	0.88%
STM	STMicroelectronics N.V. Technology	Reduced	135,542	-174,383	$10,150,740	−5.2%	2	$31.29	0.88%
GHXI	Gores Holdings XI, Inc. Financial Services	NEW	1,000,000	NEW	$10,150,000	NEW	1	unpriced	0.88%
BLZR	Trailblazer Acquisition Corp. Financial Services	Held	1,000,000	0	$10,120,000	+0.7%	3	$10.09	0.87%
ADAC	American Drive Acquisition Co Financial Services	NEW	1,000,000	NEW	$10,020,000	NEW	1	$9.97	0.87%
LPCV	Launchpad Cadenza Acquisition Corp I Financial Services	NEW	1,000,000	NEW	$10,000,000	NEW	1	$9.96	0.86%
SHOT	RMG ML Sports Holdings Financial Services	NEW	925,000	NEW	$9,240,750	NEW	1	unpriced	0.80%
DNN	Denison Mines Corp. Energy	Held	2,857,531	0	$8,744,044	−13.3%	23	$1.41	0.76%
SNAP	Snap Inc Communication Services	Held	1,958,828	0	$8,697,196	−3.5%	2	$5.89	0.75%
ISNR	Snow Rothschild Acquisition Corp. Financial Services	NEW	850,000	NEW	$8,508,500	NEW	1	unpriced	0.74%
ITHA	ITHAX Acquisition Corp III Financial Services	NEW	800,000	NEW	$7,984,000	NEW	1	$9.94	0.69%

Showing the top 50 of 287 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.