MMCAP INTERNATIONAL INC SPC
Q2 2026 Form 13-F
GRAND CAYMAN, CAYMAN ISLANDS
CIK 0001304857
· Institutional investment manager
$1.2B Reported Value Total
Reported value
$1.2B
Quarter over quarter
-1.8%
Holdings
303
Top-10 concentration
28.1%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Ulla Vestergaard
Director, MMCAP International Inc. SPC
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | August 14, 2026 |
| Form | 13F-HR |
| Reported value | $1.2B |
| Positions | 303 |
| Change in reported value | +1.8% |
| New positions | 124 |
| Exited positions | 65 |
| Position turnover | 51.4% |
| Top-10 concentration | 28.1% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
303 | $1.2B |
|
Q1 2026 13F
Filed May 15, 2026
|
244 | $1.2B |
|
Q4 2025 13F
Filed Feb 9, 2026
|
208 | $1.0B |
|
Q3 2025 13F
Filed Nov 10, 2025
|
172 | $859.8M |
|
Q2 2025 13F
Filed Aug 6, 2025
|
144 | $831.4M |
|
Q1 2025 13F
Filed May 12, 2025
|
131 | $586.8M |
|
Q4 2024 13F
Filed Feb 4, 2025
|
139 | $664.9M |
|
Q3 2024 13F
Filed Nov 12, 2024
|
165 | $719.0M |
|
Q2 2024 13F
Filed Aug 13, 2024
|
180 | $719.2M |
|
Q1 2024 13F
Filed May 9, 2024
|
185 | $768.2M |
|
Q4 2023 13F
Filed Feb 12, 2024
|
193 | $546.1M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
196 | $348.3B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
211 | $303.8M |
|
Q1 2023 13F
Filed May 11, 2023
|
265 | $508.6M |
|
Q4 2022 13F
Filed Feb 9, 2023
|
376 | $986.2M |
|
Q3 2022 13F
Filed Nov 10, 2022
|
465 | $1.3B |
|
Q2 2022 13F
Filed Aug 12, 2022
|
478 | $1.2B |
|
Q1 2022 13F
Filed May 11, 2022
|
513 | $1.7B |
|
Q4 2021 13F
Filed Feb 9, 2022
|
434 | $1.6B |
|
Q3 2021 13F
Filed Nov 10, 2021
|
423 | $1.4B |
7 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | ARMN Aris Mining Corp | $101.8M | 8.63% |
| 2 | ASTL Algoma Steel Group Inc | $44.4M | 3.76% |
| 3 | CXII Churchill Capital Corp XII | $28.8M | 2.44% |
| 4 | DMII Drugs Made In America Acquisit | $27.2M | 2.3% |
| 5 | NXE NexGen Energy Ltd | $25.3M | 2.14% |
| 6 | G19316127 Cartesian Growth Corp IV | $23.5M | 1.99% |
| 7 | NPAC New Providence Acquisition Cor | $22.8M | 1.94% |
| 8 | IPFX Inflection Point Acquisition C | $20.0M | 1.69% |
| 9 | FERA Fifth Era Acquisition Corp I | $19.8M | 1.68% |
| 10 | TAC TransAlta Corp | $18.1M | 1.54% |
| 11 | FTRAU FutureCorp Space Acquisition 1 | $17.7M | 1.5% |
| 12 | MZYX MOZAYYX Acquisition Corp | $17.4M | 1.48% |
| 13 | IACO Idea Acquisition Corp | $17.3M | 1.47% |
| 14 | IPVVU InterPrivate Investment Partne | $16.9M | 1.43% |
| 15 | CCXI Churchill Capital Corp XI | $16.6M | 1.41% |
| 16 | CRDL Cardiol Therapeutics Inc | $16.5M | 1.4% |
| 17 | RDAG Republic Digital Acquisition C | $16.2M | 1.37% |
| 18 | LPAA Launch One Acquisition Corp | $16.0M | 1.36% |
| 19 | CEPF Cantor Equity Partners IV Inc | $15.6M | 1.32% |
| 20 | IRHO Iron Horse Acquisition II Corp | $15.0M | 1.28% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.