Mudrick Capital Management, L.P.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Mudrick Capital Management, L.P. reported 4 stock positions worth $51.7 million. Its top holding was Globalstar (GSAT) at 92.3% of the portfolio, followed by Sharecare (SHCR, 7.2%) and Talos Energy (TALO, 0.4%). Compared with Q4 2023, it opened 1 new position and reduced 1. The biggest buy was a new position in Talos Energy (TALO) and the biggest sale Globalstar (GSAT, shares −22%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001655183
Portfolio Value
$51.7M (Q1 2024)
SEC Filing
0001655183-24-000006 ↗ filed May 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $51.7M $51.7M Q1 2024 Q2 2024: $36.4M Q2 2024 Q3 2024: $38.5M Q3 2024 Q4 2024: $595.6M Q4 2024 Q1 2025: $289.3M Q1 2025 Q2 2025: $464.0M Q2 2025 Q3 2025: $389.0M Q3 2025 Q4 2025: $370.2M Q4 2025 Q1 2026: $174.4M Q1 2026 Q2 2026: $447.9M Q2 2026

Holdings 4 stocks · $51.7M
GSAT Globalstar Inc. 92.27% 32,456,879 $47.7M Reduce -21.8%
SHCR Sharecare Inc. 7.20% 4,853,800 $3.7M No change
TALO Talos Energy Inc. 0.36% 13,474 $188K New
GETR Getaround Inc. 0.16% 266,156 $82K No change
Other holdings (6): bonds, preferreds, convertibles and warrants · $196.5M (not counted above)
SecurityClassShares / PrincipalValueChange
VROOM INC (VRM 0.75 07/01/26) NOTE 0.750% 7/0 · principal 218,628,000$121.3MAdd +2.8%
2U INC (TWOU 2.25 05/01/25) NOTE 2.250% 5/0 · principal 151,915,000$72.1MAdd +61.1%
2U INC (TWOU 4.5 02/01/30) DEBT 4.500% 2/0 · principal 7,500,000$2.6MNew
EVTWF Vertical Aerospace Ltd. -CW26 *W EXP 12/16/202 4,000,000$320KNo change
HYMCW Hycroft Mining Holding *W EXP 05/29/202 1,490,714$21KNo change
HYMCL Hycroft Mining Holding -CW25 *W EXP 10/06/202 416,367$7KReduce -32.1%

Total filed on the 13F, all lines: $248.2M.

Portfolio Sells Q4 2023 → Q1 2024
GSAT Globalstar Inc. Reduce -21.8% 92.27% −1.54

Portfolio Buys Q4 2023 → Q1 2024
TALO Talos Energy Inc. New 0.36% +0.36

Notes & Other Activity Q4 2023 → Q1 2024
FUBOTV INC (FUBO 3.25 02/15/26) NOTE 3.250% 2/1 · principal Sold out 205,835,000 $196.8Mbefore exit
VROOM INC (VRM 0.75 07/01/26) NOTE 0.750% 7/0 · principal Add +2.8% 218,628,000 $121.3M
2U INC (TWOU 2.25 05/01/25) NOTE 2.250% 5/0 · principal Add +61.1% 151,915,000 $72.1M
2U INC (TWOU 4.5 02/01/30) DEBT 4.500% 2/0 · principal New 7,500,000 $2.6M
HYMCL Hycroft Mining Holding -CW25 *W EXP 10/06/202 Reduce -32.1% 416,367 $7K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$447.9MDPC, EVTL, VRM, FUBO
Q1 2026 3$174.4MEVTL, VRM, FUBO
Q4 2025 2$370.2MEVTL, VRM
Q3 2025 3$389.0MEVTL, VRM, LAZRQ
Q2 2025 3$464.0MEVTL, VRM, LAZRQ
Q1 2025 2$289.3MEVTL, VRM
Q4 2024 1$595.6MEVTL
Q3 2024 1$38.5MGSAT
Q2 2024 2$36.4MGSAT, GETR
Q1 2024 4$51.7MGSAT, SHCR, TALO, GETR