Mak Capital One LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Mak Capital One LLC reported 21 stock positions worth $743.2 million. Its top holding was Champion Homes (SKY) at 22.7% of the portfolio, followed by Agilysys (AGYS, 19.1%) and Grupo Financiero Galicia-ADR (GGAL, 9.8%). Compared with Q3 2025, it opened 11 new positions, sold out of 2, added to 5 and reduced 1. The biggest buy was a new position in Grupo Financiero Galicia-ADR (GGAL) and the biggest sale an exit from Heidrick & Struggles Intl (HSII).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001385702
- Portfolio Value
- $743.2M (Q4 2025)
- SEC Filing
- 0001013594-26-000253 ↗ filed Feb 17, 2026
Holdings Value
Holdings 21 stocks · $743.2M
| SKY Champion Homes Inc. | 22.74% | 2,000,000 | $169.0M | No change |
| AGYS Agilysys Inc. | 19.07% | 1,192,730 | $141.7M | No change |
| GGAL Grupo Financiero Galicia-ADR | 9.75% | 1,343,488 | $72.5M | New |
| QCOM Qualcomm Inc. | 9.07% | 394,012 | $67.4M | New |
| AUTL Autolus Therapeutics PLC | 8.03% | 30,005,343 | $59.7M | Add +15.3% |
| SUPV Grupo Supervielle SA-SP ADR | 6.36% | 4,000,000 | $47.3M | No change |
| COUR Coursera Inc. | 3.72% | 3,751,368 | $27.6M | New |
| LAB Standard Biotools Inc. | 3.32% | 19,288,158 | $24.7M | Add +21.1% |
| UDMY Udemy Inc. | 2.97% | 3,769,762 | $22.1M | New |
| YTRA Yatra Online Inc. | 2.92% | 12,170,301 | $21.7M | No change |
| ANNX Annexon Inc. | 2.00% | 2,958,527 | $14.9M | New |
| PESI Perma-Fix Environmental SVCS | 1.56% | 918,673 | $11.6M | Add +12.6% |
| CYRX Cryoport Inc. | 1.55% | 1,199,225 | $11.5M | Add +46.6% |
| HNST The Honest Co. Inc. | 1.23% | 3,528,704 | $9.1M | New |
| CVE Cenovus Energy Inc. | 1.22% | 536,832 | $9.1M | New |
| TALK Talkspace Inc. | 1.08% | 2,215,336 | $8.0M | New |
| DAWN Day One Biopharmaceuticals I | 1.04% | 826,205 | $7.7M | Reduce -43.0% |
| SMRT Smartrent Inc. | 0.97% | 3,577,973 | $7.2M | Add +24.9% |
| MITK Mitek Systems Inc. | 0.90% | 634,099 | $6.7M | New |
| VPG Vishay Precision Group | 0.27% | 51,226 | $2.0M | New |
| DAVA Endava PLC- Spon ADR | 0.24% | 283,076 | $1.8M | New |
Options reported separately and not counted above: SKY puts ($126.8M), AGYS puts ($38.9M).
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| GGAL Grupo Financiero Galicia-ADR | New | 9.75% | +9.75 |
| QCOM Qualcomm Inc. | New | 9.07% | +9.07 |
| COUR Coursera Inc. | New | 3.72% | +3.72 |
| UDMY Udemy Inc. | New | 2.97% | +2.97 |
| ANNX Annexon Inc. | New | 2.00% | +2.00 |
| HNST The Honest Co. Inc. | New | 1.23% | +1.23 |
| CVE Cenovus Energy Inc. | New | 1.22% | +1.22 |
| TALK Talkspace Inc. | New | 1.08% | +1.08 |
| MITK Mitek Systems Inc. | New | 0.90% | +0.90 |
| VPG Vishay Precision Group | New | 0.27% | +0.27 |
| DAVA Endava PLC- Spon ADR | New | 0.24% | +0.24 |
| SMRT Smartrent Inc. | Add +24.9% | 0.97% | +0.17 |
| CYRX Cryoport Inc. | Add +46.6% | 1.55% | +0.00 |
| PESI Perma-Fix Environmental SVCS | Add +12.6% | 1.56% | −0.09 |
| AUTL Autolus Therapeutics PLC | Add +15.3% | 8.03% | −0.43 |
| LAB Standard Biotools Inc. | Add +21.1% | 3.32% | −0.81 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $713.8M | AGYS, GGAL, ACHC, QURE, SKY |
| Q1 2026 | 21 | $604.3M | SKY, AGYS, GGAL, ACHC, AUTL |
| Q4 2025 | 21 | $743.2M | SKY, AGYS, GGAL, QCOM, AUTL |
| Q3 2025 | 12 | $501.3M | SKY, AGYS, HSII, AUTL, PRO |
| Q2 2025 | 14 | $566.7M | SKY, AGYS, HSII, INTC, AUTL |
| Q1 2025 | 8 | $470.2M | SKY, AGYS, HSII, SUPV, CTRA |
| Q4 2024 | 8 | $522.3M | SKY, AGYS, HSII, SUPV, LOMA |
| Q3 2024 | 9 | $489.3M | SKY, AGYS, HSII, LOMA, YTRA |
| Q2 2024 | 8 | $417.8M | SKY, AGYS, HSII, IE, YTRA |
| Q1 2024 | 9 | $504.2M | SKY, AGYS, HSII, YTRA, IE |