Latest MMCAP International Inc. SPC Stock Portfolio

$1.16Billion– No. of Holdings #244

MMCAP International Inc. SPC Performance:

2026 Q1: 2.09%YTD: 2.09%2025: 18.59%

Performance for 2026 Q1 is 2.09%, and YTD is 2.09%, and 2025 is 18.59%.

About MMCAP International Inc. SPC and 13F Hedge Fund Stock Holdings

On 2026-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, MMCAP International Inc. SPC reported an equity portfolio of $1.2 Billions as of 31 Mar, 2026.

The top stock holdings of MMCAP International Inc. SPC are , ASTL, . The fund has invested 12.5% of it's portfolio in ARIS MINING CORP and 4.6% of portfolio in ALGOMA STEEL GROUP INC.

The fund managers got completely rid off DRUGS MADE IN AMERICA ACQUISIT, ENERGY FUELS INC/CANADA (UUUU) and TREEHOUSE FOODS INC (THS) stocks. They significantly reduced their stock positions in URANIUM ENERGY CORP (UEC), TERRESTRIAL ENERGY INC and NEW FOUND GOLD CORP (NFGC). MMCAP International Inc. SPC opened new stock positions in XANADU QUANTUM TECHNOLO-CL B, STMICROELECTRONICS NV (STM) and SNAP INC (SNAP). The fund showed a lot of confidence in some stocks as they added substantially to CARDIOL THERAPEUTICS INC (CRDL), SEQUANS COMMUNICATIONS SA (SQNS) and STEEL DYNAMICS INC (STLD).

MMCAP International Inc. SPC Equity Portfolio Value

Last Reported on: 15 May, 2026

MMCAP International Inc. SPC Annual Return Estimates Vs S&P 500

Our best estimate is that MMCAP International Inc. SPC made a return of 2.09% in the last quarter. In trailing 12 months, it's portfolio return was 40.06%.

Performance
S&P 500

New Buys

Ticker	$ Bought
xanadu quantum technolo-cl b	48,125,000
drugs made in america acquisit	26,919,000
mozayyx acquisition corp	17,413,000
idea acquisition corp	17,342,500
inflection point acquisition c	15,180,000
qdro acquisition corp	14,865,000
hcm iv acquisition corp	14,042,000
aldabra 4 liquidity opportunit	11,940,000

New stocks bought by MMCAP International Inc. SPC

Additions

Ticker	% Inc.
cardiol therapeutics inc	7,247
sequans communications sa	2,356
steel dynamics inc	590
general motors co	102
profound medical corp	40.23
m3-brigade acquisition v corp	37.5
aptiv plc	36.9
weyerhaeuser co	25.61

Additions to existing portfolio by MMCAP International Inc. SPC

Reductions

Ticker	% Reduced
uranium energy corp	-97.41
terrestrial energy inc	-94.1
churchill capital corp ix	-92.59
new found gold corp	-83.97
cronos group inc	-63.8
denison mines corp	-60.42
critical metals corp	-44.13
aris mining corp	-43.39

MMCAP International Inc. SPC reduced stake in above stock

Sold off

Ticker	$ Sold
drugs made in america acquisit	-27,040,500
abpro holdings inc	-11,070
crane harbor acquisition corp	-6,545,500
strive inc	-416,084
ur-energy inc	-716,929
haymaker acquisition corp 4	-697,500
churchill capital corp x	-3,318,470
twelve seas investment co iii	-3,980,000

MMCAP International Inc. SPC got rid off the above stocks

Sector Distribution

MMCAP International Inc. SPC has about 93.7% of it's holdings in Others sector.

Others
Basic Materials
Consumer Cyclical

Sector	%
Others	93.7
Basic Materials	1.9
Consumer Cyclical	1.4

Market Cap. Distribution

MMCAP International Inc. SPC has about 3.6% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
LARGE-CAP
MID-CAP
SMALL-CAP

Category	%
UNALLOCATED	93.1
LARGE-CAP	3.6
MID-CAP	1.4
SMALL-CAP	1.1

Stocks belong to which Index?

About 3.9% of the stocks held by MMCAP International Inc. SPC either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500

Index	%
Others	95.2
S&P 500	3.9

Top 5 Winners (%)		%
	satellogic inc	370.6 %
DRTS	alpha tau medical ltd	194.1 %
HNRA	eon resources inc	139.2 %
CF	cf industries holdings inc	60.4 %
	murano global investments plc	52.1 %

Top 5 Winners ($)		$
	aris mining corp	25.0 M
NXE	nexgen energy seg	5.8 M
DNN	denison mines corp	4.4 M
CRDL	cardiol therapeutics inc	3.1 M
	cleancore solutions inc	1.7 M

Top 5 Losers (%)		%
	gen digital inc	-89.6 %
	graf global corp	-71.3 %
	cid holdco inc	-66.9 %
	m3-brigade acquisition v corp	-65.9 %
	new providence acquisition cor	-62.4 %

Top 5 Losers ($)		$
MCVT	sui group holdings ltd	-2.9 M
EU	encore energy corp	-2.9 M
	gen digital inc	-2.2 M
	sharplink inc	-2.0 M
UPXI	upexi inc	-1.6 M

MMCAP International Inc. SPC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of MMCAP International Inc. SPC

MMCAP International Inc. SPC has 244 stocks in it's portfolio. About 35.3% of the portfolio is in top 10 stocks. MCVT proved to be the most loss making stock for the portfolio. was the most profitable stock for MMCAP International Inc. SPC last quarter.

Last Reported on: 15 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AFRI	forafric global plc	0.03	518,900	364,890	unchanged	0.00

ASTL	algoma steel group inc	4.58	12,845,600	53,052,400	added	11.82

BITF	bitfarms ltd/canada	0.28	1,695,300	3,305,830	unchanged	0.00

BWA	borgwarner inc	0.33	71,075	3,856,530	reduced	-16.52

CDE	coeur mng inc	0.12	75,000	1,407,750	new

CEAD	cea industries wts $15.15 sep 19 2028	0.00	742,575	239	new

CF	cf industries holdings inc	0.08	7,022	911,736	reduced	-21.98

CP	canadian pacific kansas city l	0.09	12,800	1,006,850	unchanged	0.00

CRDL	cardiol therapeutics inc	1.79	15,352,300	20,725,600	added	7,247

CRON	cronos group inc	0.22	999,490	2,508,720	reduced	-63.8

DNN	denison mines corp	0.87	2,857,530	10,087,100	reduced	-60.42

DRTS	alpha tau medical ltd	0.04	447,622	447,622	unchanged	0.00

EMLD	fold holdings inc	0.00	175,000	19,250	unchanged	0.00

EU	encore energy corp	0.65	4,163,440	7,494,850	reduced	-3.54

FSLR	first solar inc	0.09	5,298	1,045,080	new

GM	general motors co	0.86	134,016	9,984,190	added	102

HNRA	eon resources inc	0.00	257,500	29,252	unchanged	0.00

HUBC	hub cyber security ltd	0.00	898,991	6,293	unchanged	0.00

KITT	nauticus robotics inc	0.00	500,000	24,750	unchanged	0.00

KMX	carmax inc	0.18	49,257	2,048,110	added	4.23