Mudrick Capital Management, L.P.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Mudrick Capital Management, L.P. reported 1 stock position worth $38.5 million. Its top holding was Globalstar (GSAT) at 100.0% of the portfolio. Compared with Q2 2024, it sold out of 1 and reduced 1. The biggest sale was an exit from Getaround (GETR).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001655183
Portfolio Value
$38.5M (Q3 2024)
SEC Filing
0001655183-24-000013 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $51.7M Q1 2024 Q2 2024: $36.4M Q2 2024 Q3 2024: $38.5M $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 1 stocks · $38.5M
GSAT Globalstar Inc. 100.00% 31,040,244 $38.5M Reduce -4.4%
Other holdings (2): bonds, preferreds, convertibles and warrants · $122.4M (not counted above)
SecurityClassShares / PrincipalValueChange
VROOM INC (VRM 0.75 07/01/26) NOTE 0.750% 7/0 · principal 229,828,000$122.4MAdd +3.2%
EVTWF Vertical Aerospace Ltd. -CW26 *W EXP 12/16/202 400,000$7KReduce -90.0%

Total filed on the 13F, all lines: $160.9M.

Portfolio Sells Q2 2024 → Q3 2024
GETR Getaround Inc. Sold out 0.00% −0.10
GSAT Globalstar Inc. Reduce -4.4% 100.00% +0.10

Portfolio Buys Q2 2024 → Q3 2024
None this quarter.

Notes & Other Activity Q2 2024 → Q3 2024
VROOM INC (VRM 0.75 07/01/26) NOTE 0.750% 7/0 · principal Add +3.2% 229,828,000 $122.4M
2U INC (TWOU 2.25 05/01/25) NOTE 2.250% 5/0 · principal Sold out 163,703,000 $89.2Mbefore exit
2U INC (TWOU 4.5 02/01/30) DEBT 4.500% 2/0 · principal Sold out 7,500,000 $2.5Mbefore exit
EVTWF Vertical Aerospace Ltd. -CW26 *W EXP 12/16/202 Reduce -90.0% 400,000 $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