MMCAP International Inc. SPC Q4 2025 Filing
Filed February 9, 2026
Portfolio Value
$1.0B
Holdings
208
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (208 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | ARISAris Mining Corp | 13,804,061 | $224.4M | 22.44% | |
| 2 | ASTLAlgoma Steel Group Inc | 11,487,861 | $47.1M | 4.71% | |
| 3 | CCXIUChurchill Capital Corp XI | 2,700,000 | $27.6M | 2.76% | |
| 4 | DMIIDrugs Made In America Acquisit | 2,700,000 | $27.0M | 2.70% | |
| 5 | NPACNew Providence Acquisition Cor | 2,200,000 | $22.6M | 2.26% | |
| 6 | NXENexGen Energy SEG | 2,429,898 | $22.4M | 2.23% | |
| 7 | FERAFifth Era Acquisition Corp I | 1,900,000 | $19.6M | 1.95% | |
| 8 | DMLDenison Mines Corp | 7,219,531 | $19.2M | 1.92% | |
| 9 | RDAGRepublic Digital Acquisition C | 1,565,000 | $15.8M | 1.58% | |
| 10 | LPAALaunch One Acquisition Corp | 1,480,000 | $15.7M | 1.57% | |
| 11 | CEPFCantor Equity Partners IV Inc | 1,500,000 | $15.4M | 1.54% | |
| 12 | MESHMeshflow Acquisition Corp | 1,500,000 | $15.0M | 1.50% | |
| 13 | IRHOUIron Horse Acquisition II Corp | 1,500,000 | $14.9M | 1.49% | |
| 14 | U6ZUranium Energy Corp | 1,248,363 | $14.6M | 1.46% | |
| 15 | CCIXChurchill Capital Corp IX | 1,350,000 | $14.3M | 1.43% | |
| 16 | IPCXInflection Point Acquisition C | 1,400,000 | $14.2M | 1.42% | |
| 17 | CGCTCARTESIAN GROWTH CORP III | 1,350,000 | $13.9M | 1.39% | |
| 18 | GPATGP-Act III Acquisition Corp | 1,275,000 | $13.6M | 1.36% | |
| 19 | APTVAptiv PLC | 170,268 | $13.0M | 1.30% | |
| 20 | ALFCenturion Acquisition Corp | 1,175,000 | $12.5M | 1.25% | |
| 21 | CEPFCantor Equity Partners V Inc | 1,200,000 | $12.3M | 1.23% | |
| 22 | WENNWen Acquisition Corp | 1,200,000 | $12.1M | 1.21% | |
| 23 | MBVIM3-Brigade Acquisition VI Corp | 1,100,000 | $11.0M | 1.10% | |
| 24 | EUEncore Energy Corp | 4,316,238 | $10.7M | 1.07% | |
| 25 | CUBLionheart Holdings | 980,000 | $10.4M | 1.04% | |
| 26 | SIMASIM Acquisition Corp I | 980,000 | $10.4M | 1.04% | |
| 27 | SBXDSilverbox Corp IV | 980,000 | $10.4M | 1.04% | |
| 28 | SUIGSui Group Holdings Ltd | 6,141,356 | $10.3M | 1.03% | |
| 29 | HYACHaymaker Acquisition Corp 4 | 900,000 | $10.2M | 1.02% | |
| 30 | FCRSFutureCrest Acquisition Corp | 1,000,000 | $10.1M | 1.01% | |
| 31 | HCMAHCM III Acquisition Corp | 1,000,000 | $10.0M | 1.00% | |
| 32 | BLZRTrailblazer Acquisition Corp | 1,000,000 | $10.0M | 1.00% | |
| 33 | LPCVLaunchpad Cadenza Acquisition | 1,000,000 | $10.0M | 1.00% | |
| 34 | ADACAmerican Drive Acquisition Co | 1,000,000 | $10.0M | 1.00% | |
| 35 | RI4APOET Technologies Inc | 1,526,205 | $9.7M | 0.97% | |
| 36 | GRAFGraf Global Corp | 830,000 | $8.9M | 0.89% | |
| 37 | ITHAITHAX Acquisition Corp III | 800,000 | $8.0M | 0.80% | |
| 38 | WYWeyerhaeuser Co | 327,500 | $7.8M | 0.78% | |
| 39 | CEPFCantor Equity Partners III Inc | 750,000 | $7.7M | 0.76% | |
| 40 | OBAOxley Bridge Acquisition Ltd | 750,000 | $7.6M | 0.76% | |
| 41 | SBXESilverBox Corp V | 750,000 | $7.5M | 0.75% | |
| 42 | PACHPioneer Acquisition I Corp | 750,000 | $7.5M | 0.75% | |
| 43 | CRONCronos Group Inc | 2,761,059 | $7.3M | 0.73% | |
| 44 | SBETSharplink Gaming Inc | 807,600 | $7.2M | 0.72% | |
| 45 | AEXAAmerican Exceptionalism Acquis | 631,494 | $7.2M | 0.72% | |
| 46 | GTENGores Holdings X Inc | 700,000 | $7.2M | 0.72% | |
| 47 | CRANUCrane Harbor Acquisition Corp | 650,000 | $6.5M | 0.65% | |
| 48 | ONCH1RT Acquisition Corp | 600,000 | $6.1M | 0.61% | |
| 49 | POLEAndretti Acquisition Corp II | 580,000 | $6.1M | 0.61% | |
| 50 | NOEMCO2 Energy Transition Corp | 590,000 | $6.1M | 0.61% | |
| 51 | GMGeneral Motors Co | 66,338 | $5.4M | 0.54% | |
| 52 | EFREnergy Fuels Inc/Canada | 357,225 | $5.2M | 0.52% | |
| 53 | LPBBLaunch Two Acquisition Corp | 480,000 | $5.0M | 0.50% | |
| 54 | FIGXUFIGX Capital Acquisition Corp | 500,000 | $5.0M | 0.50% | |
| 55 | ZONECleancore Solutions Inc | 18,356,175 | $4.8M | 0.48% | |
| 56 | —Newbury Street II Acquisition | 450,000 | $4.7M | 0.47% | |
| 57 | IMSRTerrestrial Energy Inc | 750,000 | $4.6M | 0.46% | |
| 58 | —M3-Brigade Acquisition V Corp | 400,000 | $4.3M | 0.43% | |
| 59 | PRNProfound Medical Corp | 531,362 | $4.2M | 0.42% | |
| 60 | MTArcelorMittal SA | 91,427 | $4.2M | 0.42% | |
| 61 | BLRKBluerock Acquisition Corp | 400,000 | $4.0M | 0.40% | |
| 62 | BITFBitfarms Ltd/Canada | 1,695,298 | $4.0M | 0.40% | |
| 63 | TWLVTwelve Seas Investment Co III | 400,000 | $4.0M | 0.40% | |
| 64 | UPXIUpexi Inc | 2,326,777 | $3.9M | 0.39% | |
| 65 | BWABorgWarner Inc | 85,138 | $3.8M | 0.38% | |
| 66 | TDACWTranslational Development Acqu | 350,000 | $3.7M | 0.37% | |
| 67 | —Churchill Capital Corp X | 430,970 | $3.3M | 0.33% | |
| 68 | ZOOZZOOZ Strategy Ltd | 7,000,000 | $3.1M | 0.31% | |
| 69 | —Social Commerce Partners Corp | 300,000 | $3.0M | 0.30% | |
| 70 | SVCCUStellar V Capital Corp | 280,000 | $2.9M | 0.29% | |
| 71 | VACHVoyager Acquisition Corp | 250,000 | $2.7M | 0.27% | |
| 72 | BACCBlue Acquisition Corp | 250,000 | $2.6M | 0.26% | |
| 73 | —Range Capital Acquisition Corp | 250,000 | $2.5M | 0.25% | |
| 74 | LWACLightwave Acquisition Corp | 250,000 | $2.5M | 0.25% | |
| 75 | GENVRGen Digital Inc | 542,308 | $2.5M | 0.25% | |
| 76 | ISOIsoEnergy Ltd | 270,745 | $2.4M | 0.24% | |
| 77 | NFGNew Found Gold Corp | 745,835 | $2.2M | 0.22% | |
| 78 | THSTreeHouse Foods Inc | 93,700 | $2.2M | 0.22% | |
| 79 | NHICNewHold Investment Corp III | 200,000 | $2.1M | 0.21% | |
| 80 | BLUWBlue Water Acquisition Corp II | 200,000 | $2.1M | 0.21% | |
| 81 | OYSEOyster Enterprises II Acquisit | 200,000 | $2.0M | 0.20% | |
| 82 | EVOXEvolution Global Acquisition C | 200,000 | $2.0M | 0.20% | |
| 83 | DSACUDaedalus Special Acquisition C | 200,000 | $2.0M | 0.20% | |
| 84 | AEAQActivate Energy Acquisition Co | 200,000 | $2.0M | 0.20% | |
| 85 | KMXCarMax Inc | 47,257 | $1.8M | 0.18% | |
| 86 | STLDSteel Dynamics Inc | 10,711 | $1.8M | 0.18% | |
| 87 | GSHRGesher Acquisition Corp II | 175,000 | $1.8M | 0.18% | |
| 88 | HCACHall Chadwick Acquisition Corp | 175,000 | $1.8M | 0.18% | |
| 89 | LFACLeapfrog Acquisition Corp | 150,000 | $1.5M | 0.15% | |
| 90 | CHECChenghe Acquisition III Co | 150,000 | $1.5M | 0.15% | |
| 91 | BIXIBitcoin Infrastructure Acquisi | 150,000 | $1.5M | 0.15% | |
| 92 | ATIIArchimedes Tech SPAC Partners | 125,000 | $1.3M | 0.13% | |
| 93 | BSAABEST SPAC I Acquisition Corp | 125,000 | $1.3M | 0.13% | |
| 94 | SUNCSunococorp LLC | 22,755 | $1.1M | 0.11% | |
| 95 | LEGTLegato Merger Corp III | 100,000 | $1.1M | 0.11% | |
| 96 | PCAPProCap Acquisition Corp | 100,000 | $1.0M | 0.10% | |
| 97 | LATAGalata Acquisition Corp II | 100,000 | $996K | 0.10% | |
| 98 | GFRGreenfire Resources Ltd | 207,309 | $991K | 0.10% | |
| 99 | CPCanadian Pacific Kansas City L | 12,800 | $942K | 0.09% | |
| 100 | FERAFifth Era Acquisition Corp I | 1,900,000 | $759K | 0.08% |
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