Mudrick Capital Management, L.P.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Mudrick Capital Management, L.P. reported 1 stock position worth $595.6 million. Its top holding was Vertical Aerospace (EVTL) at 100.0% of the portfolio. Compared with Q3 2024, it opened 1 new position and sold out of 1. The biggest buy was a new position in Vertical Aerospace (EVTL) and the biggest sale an exit from Globalstar (GSAT).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001655183
Portfolio Value
$595.6M (Q4 2024)
SEC Filing
0001655183-25-000003 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $595.6M $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 · $595.6M
EVTL Vertical Aerospace Ltd. 100.00% 47,343,585 $595.6M New

Portfolio Sells Q3 2024 → Q4 2024
GSAT Globalstar Inc. Sold out 0.00% −100.00

Portfolio Buys Q3 2024 → Q4 2024
EVTL Vertical Aerospace Ltd. New 100.00% +100.00

Notes & Other Activity Q3 2024 → Q4 2024
VROOM INC (VRM 0.75 07/01/26) NOTE 0.750% 7/0 · principal Sold out 229,828,000 $122.4Mbefore exit
EVTWF Vertical Aerospace Ltd. -CW26 *W EXP 12/16/202 Sold out 400,000 $7Kbefore exit

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