MMCAP International Inc. SPC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), MMCAP International Inc. SPC reported 87 stock positions worth $838.7 million. Its top holding was Aris Mining (ARIS) at 19.2% of the portfolio, followed by Algoma Steel (ASTL, 3.4%) and Uranium Energy (UEC, 3.3%). Compared with Q2 2025, it opened 36 new positions, sold out of 18, added to 8 and reduced 10. The biggest buy was a new position in Drugs Made in America Acquis (DMIIU) and the biggest sale Uranium Energy (UEC, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND CAYMAN, E9
- CIK
- 0001304857
- Portfolio Value
- $838.7M (Q3 2025)
- SEC Filing
- 0000912282-25-001210 ↗ filed Nov 10, 2025
Holdings Value
Holdings 87 stocks · $838.7M
| ARIS Aris Mining Corp. filed as ARIS MNG CORP | 19.21% | 16,436,882 | $161.1M | Add +45.1% |
| ASTL Algoma Steel Group Inc. | 3.42% | 8,078,828 | $28.7M | Add +11.9% |
| UEC Uranium Energy Corp. | 3.33% | 2,091,198 | $27.9M | Reduce -86.8% |
| DMIIU Drugs Made in America Acquis | 3.20% | 2,700,000 | $26.9M | New |
| DNN Denison Mines Corp. | 3.12% | 9,505,871 | $26.1M | Reduce -29.1% |
| STRIVE INC | 2.98% | 18,518,519 | $25.0M | New |
| NPAC New Providence Acquisition-A | 2.67% | 2,200,000 | $22.4M | No change |
| INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X | 2.42% | 1,579,831 | $20.3M | New |
| POET Poet Technologies Inc. | 2.37% | 3,585,240 | $19.9M | Reduce -39.2% |
| FERA Fifth Era Acquisition Corp. Class A | 2.30% | 1,900,000 | $19.3M | New |
| SUIG Sui Group Holdings Ltd. | 2.20% | 4,771,507 | $18.4M | New |
| RDAG Republic Digital Acquis Class A | 1.91% | 1,565,000 | $16.0M | No change |
| VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP | 1.89% | 1,500,000 | $15.8M | No change |
| LPAA Launch One Acquisition Corp. | 1.85% | 1,480,000 | $15.5M | No change |
| CEPF Cantor Equity Partners Class A | 1.82% | 1,500,000 | $15.3M | New |
| CCIX Churchill Capital Corp. Ix | 1.69% | 1,350,000 | $14.1M | No change |
| IPCX Inflection Point Acquisiti-A | 1.68% | 1,400,000 | $14.1M | No change |
| EU Encore Energy Corp. | 1.65% | 4,316,838 | $13.9M | Add +13.0% |
| FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III | 1.62% | 1,350,000 | $13.6M | New |
| GPAT GP-Act III Acquisition-A | 1.61% | 1,275,000 | $13.5M | No change |
| ALF Centurion Acquisition Corp. | 1.48% | 1,175,000 | $12.4M | No change |
| WENN Wen Acquisition Corp. Class A | 1.45% | 1,200,000 | $12.1M | No change |
| MBVIU M3-Brigade Acquisition Vi Co. | 1.33% | 1,100,000 | $11.1M | New |
| FCRS.U Futurecrest Acquisition Corp. | 1.26% | 1,000,000 | $10.6M | New |
| SIMA Sim Acquisition Corp. I-A | 1.23% | 980,000 | $10.3M | No change |
| HCMAU HCM III Acquisition Corp. | 1.23% | 1,000,000 | $10.3M | New |
| CUB Lionheart Holdings Class A | 1.23% | 980,000 | $10.3M | No change |
| SBXDF Silverbox Corp. IV-A | 1.22% | 980,000 | $10.3M | No change |
| BLZRU Trailblazer Acquisition Corp. | 1.22% | 1,000,000 | $10.2M | New |
| HAYMAKER ACQUISITION CORP 4 | 1.22% | 900,000 | $10.2M | No change |
| TONT Graf Global Corp. Class A | 1.04% | 830,000 | $8.7M | No change |
| NESR National Energy Services Reu | 1.03% | 845,142 | $8.7M | Add +40.5% |
| SBET Sharplink Inc. | 1.01% | 498,700 | $8.5M | New |
| BITF Bitfarms Ltd./Canada | 0.94% | 2,795,298 | $7.9M | Reduce -57.7% |
| CEPT Cantor Equity Partners Class A | 0.94% | 750,000 | $7.9M | No change |
| CAEP Cantor Equity Partners III-A | 0.92% | 750,000 | $7.7M | No change |
| PACHU Pioneer Acquisition I Corp. | 0.90% | 750,000 | $7.5M | No change |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.90% | 750,000 | $7.5M | No change |
| GTEN Gores Holdings X Inc. Class A | 0.85% | 700,000 | $7.1M | New |
| AEXA American Exceptionalism Class A | 0.82% | 631,066 | $6.9M | New |
| URG Ur-Energy Inc. | 0.82% | 3,849,280 | $6.9M | Reduce -57.3% |
| CEPO Cantor Equity Partners I-A | 0.80% | 638,027 | $6.7M | Reduce -20.0% |
| ONCHU 1RT Acquisition Corp. | 0.75% | 600,000 | $6.3M | New |
| POLE Andretti Acquisition Corp. Class A | 0.72% | 580,000 | $6.1M | No change |
| NOEM CO2 Energy Transition Corp. | 0.72% | 590,000 | $6.0M | No change |
| UUUU Energy Fuels Inc. | 0.67% | 364,925 | $5.6M | Reduce -75.9% |
| FIGXU Figx Capital Acquisition Cor | 0.60% | 500,000 | $5.0M | No change |
| LPBB Launch Two Acquisition Class A | 0.60% | 480,000 | $5.0M | No change |
| CRON Cronos Group Inc. | 0.59% | 1,769,082 | $4.9M | Add +4.9% |
| NTWO Newbury Street II Ac Class A | 0.56% | 450,000 | $4.7M | No change |
| UPXI Upexi Inc. | 0.53% | 766,933 | $4.4M | New |
| FLR Fluor Corp. | 0.50% | 100,000 | $4.2M | New |
| TDAC Translational Development Ac | 0.43% | 350,000 | $3.6M | New |
| GM General Motors Co. | 0.42% | 57,750 | $3.5M | Add +35.1% |
| BWA Borgwarner Inc. | 0.41% | 78,776 | $3.5M | Reduce -64.5% |
| ISOU Isoenergy Ltd. | 0.41% | 345,645 | $3.5M | Reduce -47.8% |
| APTV Aptiv PLC | 0.35% | 33,607 | $2.9M | New |
| SVCC Stellar V Capital Corp. Class A | 0.34% | 280,000 | $2.9M | New |
| VACH Voyager Acquisition Corp. | 0.31% | 250,000 | $2.6M | No change |
| BNC Cea Industries Inc. | 0.31% | 334,039 | $2.6M | New |
| KMX Carmax Inc. | 0.30% | 56,770 | $2.5M | Add +263.6% |
| LWACU Lightwave Acquisition Corp. | 0.30% | 250,000 | $2.5M | No change |
| BACC Blue Acquisition Corp. Class A | 0.30% | 250,000 | $2.5M | No change |
| PROF Profound Medical Corp. | 0.29% | 500,859 | $2.4M | Add +2.0% |
| STLD Steel Dynamics Inc. | 0.25% | 15,311 | $2.1M | New |
| NHIC Newhold Investment Cor III-A | 0.24% | 200,000 | $2.0M | New |
| OYSE Oyster Enterprises II Acq-A | 0.24% | 200,000 | $2.0M | No change |
| BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I | 0.24% | 200,000 | $2.0M | No change |
| GSHR Gesher Acquisition Corp. II-A | 0.21% | 175,000 | $1.8M | New |
| CHECU Chenghe Acquisition III Co. | 0.18% | 150,000 | $1.5M | New |
| ATII Archimedes Tech Spac Partner | 0.15% | 125,000 | $1.3M | New |
| BSAA Best Spac I Acquisition-A | 0.15% | 125,000 | $1.3M | New |
| GFR Greenfire Resources Ltd. | 0.14% | 249,200 | $1.1M | New |
| STKE Sol Strategies Inc. | 0.13% | 250,000 | $1.1M | New |
| LEGT Legato Merger Corp. III | 0.13% | 100,000 | $1.1M | No change |
| PCAP Procap Acquisition Corp. Class A | 0.12% | 100,000 | $1.0M | No change |
| LATAU Galata Acquisition Corp. II | 0.12% | 100,000 | $998K | New |
| CP Canadian Pacific Kansas City | 0.11% | 12,800 | $953K | New |
| ETHA iShares Ethereum Trust ETF | 0.09% | 25,000 | $788K | New |
| GAU Galiano Gold Inc. | 0.06% | 250,000 | $544K | New |
| NXE Nexgen Energy Ltd. | 0.05% | 50,007 | $448K | Reduce -97.5% |
| QXL Quantum X Labs Inc. filed as VIEWBIX INC | 0.05% | 115,995 | $394K | No change |
| AEC Anfield Energy Inc. | 0.05% | 38,346 | $392K | New |
| CRDL Cardiol Therapeutics Inc. Class A | 0.04% | 293,056 | $314K | No change |
| NFGC New Found Gold Corp. | 0.03% | 112,725 | $268K | New |
| HBNB HOTEL101 Global Holdings C-A | 0.01% | 28,750 | $88K | New |
| ELONG POWER HOLDING LTD. | 0.00% | 23,670 | $7K | No change |
Other holdings (85): bonds, preferreds, convertibles and warrants · $21.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 542,308 | $4.0M | No change |
| USA RARE EARTH INC | *W EXP 03/13/203 | 500,000 | $3.6M | No change |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 500,000 | $1.8M | No change |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 787,500 | $961K | No change |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 213,666 | $867K | New |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 300,000 | $631K | No change |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 1,400,000 | $616K | New |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 782,500 | $509K | New |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 1,900,000 | $504K | New |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 73,525 | $497K | No change |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 750,000 | $466K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 1,237,500 | $421K | No change |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 518,900 | $408K | No change |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | 250,000 | $401K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 990,000 | $366K | No change |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 600,000 | $336K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 733,333 | $323K | New |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 1,037,500 | $270K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 337,500 | $263K | No change |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 990,000 | $252K | No change |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | 742,575 | $249K | New |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 990,000 | $218K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 490,000 | $181K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 450,000 | $178K | No change |
| AENTW Adara Acquisition Class A -CW26 | *W EXP 02/11/202 | 294,000 | $173K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 675,000 | $169K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 447,622 | $154K | No change |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 326,666 | $144K | No change |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 590,000 | $142K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 415,000 | $137K | No change |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 500,000 | $135K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 175,000 | $133K | No change |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 330,000 | $132K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 175,000 | $105K | No change |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 590,000 | $100K | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 175,000 | $88K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 500,000 | $73K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 330,000 | $69K | No change |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 166,666 | $58K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 290,000 | $58K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 225,000 | $57K | No change |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 175,000 | $51K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 140,000 | $49K | New |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 588,000 | $46K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 69,810 | $44K | No change |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 250,000 | $40K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 650,000 | $36K | No change |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 100,000 | $36K | New |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 200,000 | $34K | No change |
| DFLIW Chardan Nextech Acquisi-CW27 | *W EXP 10/07/202 | 675,000 | $34K | No change |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 87,500 | $29K | New |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 158,333 | $27K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 150,000 | $26K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 62,500 | $24K | New |
| FOXXW 1OXX | *W EXP 09/26/202 | 160,000 | $22K | No change |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 500,000 | $22K | No change |
| KITTW Cleantech Acquisition Corpcw | *W EXP 03/15/202 | 500,000 | $22K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 33,333 | $22K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 125,000 | $21K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 50,000 | $19K | No change |
| BSAAR Best Spac I Acquisition - RT | RIGHT 05/27/2030 | 125,000 | $18K | No change |
| HUBCW Hub Cyber Security Ltd.-28 | *W EXP 02/27/202 | 898,991 | $17K | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 154,750 | $17K | No change |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | 111,745 | $17K | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 675,000 | $16K | No change |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 100,000 | $15K | No change |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 600,000 | $15K | No change |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | 187,500 | $15K | No change |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 100,000 | $14K | No change |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 257,500 | $13K | No change |
| VLNWF Valens Semiconductor -CW26 | *W EXP 09/30/202 | 214,067 | $13K | No change |
| BENFW Beneficient Co. Group -28 | *W EXP 06/07/202 | 750,000 | $11K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 195,575 | $11K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 150,000 | $11K | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 352,409 | $9K | No change |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 150,000 | $9K | No change |
| VSEEW Digital Health Acquist-CW23 | *W EXP 99/99/999 | 500,000 | $8K | No change |
| CDTTW Murphy Canyon Acq-CW27 | *W EXP 09/22/202 | 700,000 | $7K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 175,250 | $7K | No change |
| NIVFW Newgenivf Group Ltd.-28 | *W EXP 04/03/202 | 375,000 | $6K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 12,500 | $6K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 375,000 | $5K | No change |
| APLMW Apollomics Inc.-27 | *W EXP 04/01/202 | 250,000 | $5K | No change |
| GIBOW Gibo Holdings Ltd.-30 | *W EXP 05/08/203 | 125,000 | $4K | No change |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | 125,000 | $3K | No change |
Total filed on the 13F, all lines: $859.8M.
Portfolio Sells Q2 2025 → Q3 2025
| UEC Uranium Energy Corp. | Reduce -86.8% | 3.33% | −9.85 |
| FERAU Fifth Era Acquisition Corp. I | Sold out | 0.00% | −2.43 |
| GLXY Galaxy Digital Inc. Class A | Sold out | 0.00% | −2.04 |
| NXE Nexgen Energy Ltd. | Reduce -97.5% | 0.05% | −1.66 |
| POET Poet Technologies Inc. | Reduce -39.2% | 2.37% | −1.40 |
| IMSR Terrestrial Energy Inc. | Sold out | 0.00% | −1.31 |
| ISOU Isoenergy Ltd. | Reduce -47.8% | 0.41% | −0.66 |
| CCIR Cohen Circle Acquisitio Class A | Sold out | 0.00% | −0.61 |
| BWA Borgwarner Inc. | Reduce -64.5% | 0.41% | −0.50 |
| SPKLF Spark I Acquisition Corp. | Sold out | 0.00% | −0.47 |
| TDACU Translational Development Ac | Sold out | 0.00% | −0.44 |
| UUUU Energy Fuels Inc. | Reduce -75.9% | 0.67% | −0.40 |
| CEPO Cantor Equity Partners I-A | Reduce -20.0% | 0.80% | −0.37 |
| SVCCU Stellar V Capital Corp. | Sold out | 0.00% | −0.36 |
| URG Ur-Energy Inc. | Reduce -57.3% | 0.82% | −0.34 |
| NHICU Newhold Investment Corp. III | Sold out | 0.00% | −0.26 |
| GSHRU Gesher Acquisition Corp. II | Sold out | 0.00% | −0.22 |
| ATIIU Archimedes Tech Spac Partner | Sold out | 0.00% | −0.16 |
| DVS Dolly Varden Silver Ltd. | Sold out | 0.00% | −0.08 |
| JVSA Jvspac Acquisition Corp. Class A | Sold out | 0.00% | −0.05 |
| USAR USA Rare Earth Inc. | Sold out | 0.00% | −0.03 |
| LZM Lifezone Metals Ltd. | Sold out | 0.00% | −0.02 |
| SONN Sonnet Biotherapeutics Holdi | Sold out | 0.00% | −0.02 |
| UROY Uranium Royalty Corp. | Sold out | 0.00% | −0.01 |
| PETXQ Wag! Group Co. | Sold out | 0.00% | −0.00 |
| GIBO HOLDINGS LTD. | Sold out | 0.00% | −0.00 |
| DNN Denison Mines Corp. | Reduce -29.1% | 3.12% | +0.12 |
| BITF Bitfarms Ltd./Canada | Reduce -57.7% | 0.94% | +0.26 |
Portfolio Buys Q2 2025 → Q3 2025
| DMIIU Drugs Made in America Acquis | New | 3.20% | +3.20 |
| STRIVE INC | New | 2.98% | +2.98 |
| INFQ Infleqtion Inc. | New | 2.42% | +2.42 |
| FERA Fifth Era Acquisition Corp. Class A | New | 2.30% | +2.30 |
| SUIG Sui Group Holdings Ltd. | New | 2.20% | +2.20 |
| ARIS Aris Mining Corp. | Add +45.1% | 19.21% | +1.87 |
| CEPF Cantor Equity Partners Class A | New | 1.82% | +1.82 |
| FAC Factorial Energy Inc. | New | 1.62% | +1.62 |
| MBVIU M3-Brigade Acquisition Vi Co. | New | 1.33% | +1.33 |
| FCRS.U Futurecrest Acquisition Corp. | New | 1.26% | +1.26 |
| HCMAU HCM III Acquisition Corp. | New | 1.23% | +1.23 |
| BLZRU Trailblazer Acquisition Corp. | New | 1.22% | +1.22 |
| SBET Sharplink Inc. | New | 1.01% | +1.01 |
| GTEN Gores Holdings X Inc. Class A | New | 0.85% | +0.85 |
| AEXA American Exceptionalism Class A | New | 0.82% | +0.82 |
| ONCHU 1RT Acquisition Corp. | New | 0.75% | +0.75 |
| NESR National Energy Services Reu | Add +40.5% | 1.03% | +0.59 |
| UPXI Upexi Inc. | New | 0.53% | +0.53 |
| FLR Fluor Corp. | New | 0.50% | +0.50 |
| TDAC Translational Development Ac | New | 0.43% | +0.43 |
| APTV Aptiv PLC | New | 0.35% | +0.35 |
| SVCC Stellar V Capital Corp. Class A | New | 0.34% | +0.34 |
| BNC Cea Industries Inc. | New | 0.31% | +0.31 |
| EU Encore Energy Corp. | Add +13.0% | 1.65% | +0.31 |
| STLD Steel Dynamics Inc. | New | 0.25% | +0.25 |
| NHIC Newhold Investment Cor III-A | New | 0.24% | +0.24 |
| GSHR Gesher Acquisition Corp. II-A | New | 0.21% | +0.21 |
| CRON Cronos Group Inc. | Add +4.9% | 0.59% | +0.19 |
| CHECU Chenghe Acquisition III Co. | New | 0.18% | +0.18 |
| KMX Carmax Inc. | Add +263.6% | 0.30% | +0.17 |
| GM General Motors Co. | Add +35.1% | 0.42% | +0.16 |
| ATII Archimedes Tech Spac Partner | New | 0.15% | +0.15 |
| BSAA Best Spac I Acquisition-A | New | 0.15% | +0.15 |
| GFR Greenfire Resources Ltd. | New | 0.14% | +0.14 |
| STKE Sol Strategies Inc. | New | 0.13% | +0.13 |
| LATAU Galata Acquisition Corp. II | New | 0.12% | +0.12 |
| CP Canadian Pacific Kansas City | New | 0.11% | +0.11 |
| ETHA iShares Ethereum Trust ETF | New | 0.09% | +0.09 |
| GAU Galiano Gold Inc. | New | 0.06% | +0.06 |
| AEC Anfield Energy Inc. | New | 0.05% | +0.05 |
| NFGC New Found Gold Corp. | New | 0.03% | +0.03 |
| HBNB HOTEL101 Global Holdings C-A | New | 0.01% | +0.01 |
| PROF Profound Medical Corp. | Add +2.0% | 0.29% | −0.06 |
| ASTL Algoma Steel Group Inc. | Add +11.9% | 3.42% | −2.68 |
Notes & Other Activity Q2 2025 → Q3 2025
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | Sold out | 3,595,203 | $2.0Mbefore exit |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | Sold out | 490,000 | $1.2Mbefore exit |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | New | 213,666 | $867K |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | Sold out | 326,666 | $653Kbefore exit |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | New | 1,400,000 | $616K |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | New | 782,500 | $509K |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | New | 1,900,000 | $504K |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | New | 733,333 | $323K |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | New | 742,575 | $249K |
| JVSAR Jvspac Acquisition Corp.-RTS | RIGHT 11/26/2026 | Sold out | 115,000 | $100Kbefore exit |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | New | 175,000 | $51K |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | New | 140,000 | $49K |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | New | 100,000 | $36K |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | New | 87,500 | $29K |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | New | 62,500 | $24K |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | Sold out | 400,000 | $20Kbefore exit |
| PETWQ Wag! Group Co. | *W EXP 07/30/202 | Sold out | 975,750 | $16Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 161 | $1.2B | ARIS, ASTL, CXII, DMII, NXE |
| Q1 2026 | 146 | $1.1B | ARIS, ASTL, XNDU, NXE, CCXIU |
| Q4 2025 | 114 | $983.0M | ARIS, ASTL, CCXIU, DMIIU, NPAC |
| Q3 2025 | 87 | $838.7M | ARIS, ASTL, UEC, DMIIU, DNN |
| Q2 2025 | 73 | $814.6M | ARIS, UEC, ASTL, POET, DNN |
| Q1 2025 | 58 | $579.6M | UEC, ARIS, ML, ASTL, DNN |
| Q4 2024 | 62 | $659.0M | UEC, ASTL, ML, ARIS, DNN |
| Q3 2024 | 63 | $714.2M | UEC, ASTL, ARIS, DNN, URG |
| Q2 2024 | 68 | $713.0M | UEC, ASTL, ARIS, URG, NXE |
| Q1 2024 | 64 | $763.4M | UEC, ASTL, CVE, DNN, ARIS |