MMCAP International Inc SPC's Q2 2026 13F: 122 new positions, 64 exits
Form 13F-HR for the quarter ended Jun 30, 2026 · filed Aug 14, 2026 · 303 reported positions · accession 0000912282-26-001105
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | XANADU QUANTUM TECHNOLO-CL B (XNDU) | 4.2% | — | −4.2 pts | −6.88M sh | −100% |
| New | Churchill Capital Corp XII (CXII) | — | 2.4% | +2.4 pts | +2.7M sh | new |
| Exited | Churchill Capital Corp XI (CCXIU) | 2.4% | — | −2.4 pts | −2.7M sh | −100% |
| New | Cartesian Growth Corp IV | — | 2.0% | +2.0 pts | +2.35M sh | new |
| New | Inflection Point Acquisition C (IPFX) | — | 1.7% | +1.7 pts | +1.93M sh | new |
| New | TransAlta Corp (TAC) | — | 1.5% | +1.5 pts | +1.31M sh | new |
| Exited | MOZAYYX Acquisition Corp (MZYXU) | 1.5% | — | −1.5 pts | −1.75M sh | −100% |
| New | FutureCorp Space Acquisition 1 (FTRAU) | — | 1.5% | +1.5 pts | +1.75M sh | new |
| Exited | Idea Acquisition Corp (IACOU) | 1.5% | — | −1.5 pts | −1.75M sh | −100% |
| New | MOZAYYX Acquisition Corp (MZYX) | — | 1.5% | +1.5 pts | +1.75M sh | new |
| New | Idea Acquisition Corp (IACO) | — | 1.5% | +1.5 pts | +1.75M sh | new |
| New | InterPrivate Investment Partne (IPVVU) | — | 1.4% | +1.4 pts | +1.7M sh | new |
| New | Churchill Capital Corp XI (CCXI) | — | 1.4% | +1.4 pts | +950K sh | new |
| Reduced | Steel Dynamics Inc (STLD) | 1.1% | 0.1% | −1.1 pts | −69,970 sh | −95% |
| Exited | Inflection Point Acquisition C (IPFXU) | 1.3% | — | −1.3 pts | −1.5M sh | −100% |
| Exited | Meshflow Acquisition Corp (MESHU) | 1.3% | — | −1.3 pts | −1.5M sh | −100% |
| Exited | Iron Horse Acquisition II Corp (IRHOU) | 1.3% | — | −1.3 pts | −1.5M sh | −100% |
| Exited | QDRO Acquisition Corp (QADRU) | 1.3% | — | −1.3 pts | −1.5M sh | −100% |
| New | Iron Horse Acquisition II Corp (IRHO) | — | 1.3% | +1.3 pts | +1.5M sh | new |
| New | Meshflow Acquisition Corp (MESH) | — | 1.3% | +1.3 pts | +1.5M sh | new |
| New | Wilco 63 Corp (WLCOU) | — | 1.3% | +1.3 pts | +1.5M sh | new |
| New | QDRO Acquisition Corp (QADR) | — | 1.3% | +1.3 pts | +1.5M sh | new |
| Reduced | Aris Mining Corp (ARMN) | 12.5% | 8.6% | −3.9 pts | −984K sh | −13% |
| Exited | HCM IV Acquisition Corp (HACQU) | 1.2% | — | −1.2 pts | −1.4M sh | −100% |
| Exited | CARTESIAN GROWTH CORP III (FACWW) | 1.2% | — | −1.2 pts | −1.35M sh | −100% |
| New | HCM IV Acquisition Corp (HACQ) | — | 1.2% | +1.2 pts | +1.4M sh | new |
| New | Cantor Equity Partners VII Inc | — | 1.2% | +1.2 pts | +1.35M sh | new |
| Reduced | STMicroelectronics NV (STM) | 0.9% | 0.9% | −0.1 pts | −174K sh | −56% |
| Exited | Centurion Acquisition Corp (ALF) | 1.1% | — | −1.1 pts | −1.18M sh | −100% |
| Exited | Aldabra 4 Liquidity Opportunit (ALOVU) | 1.0% | — | −1.0 pts | −1.2M sh | −100% |
| New | Aldabra 4 Liquidity Opportunit (ALOV) | — | 1.0% | +1.0 pts | +1.2M sh | new |
| Exited | SIM Acquisition Corp I (SIMA) | 0.9% | — | −0.9 pts | −980K sh | −100% |
| New | MercadoLibre Inc (MELI) | — | 0.9% | +0.9 pts | +6,298 sh | new |
| Exited | United Acquisition Corp I (UACU) | 0.9% | — | −0.9 pts | −1.05M sh | −100% |
| Exited | Haymaker Acquisition Corp 4 (HYAC) | 0.9% | — | −0.9 pts | −900K sh | −100% |
| New | United Acquisition Corp I (UAC) | — | 0.9% | +0.9 pts | +1.05M sh | new |
| New | Sea Ltd (SE) | — | 0.9% | +0.9 pts | +107K sh | new |
| Exited | Launchpad Cadenza Acquisition (LPCVU) | 0.9% | — | −0.9 pts | −1M sh | −100% |
| Exited | American Drive Acquisition Co (ADACU) | 0.9% | — | −0.9 pts | −1M sh | −100% |
| New | Gores Holdings XI Inc (GHXIU) | — | 0.9% | +0.9 pts | +1M sh | new |
| New | American Drive Acquisition Co (ADAC) | — | 0.8% | +0.8 pts | +1M sh | new |
| New | Launchpad Cadenza Acquisition (LPCV) | — | 0.8% | +0.8 pts | +1M sh | new |
| New | RMG ML Sports Holdings (SHOTU) | — | 0.8% | +0.8 pts | +925K sh | new |
| Exited | Graf Global Corp (GRAF) | 0.8% | — | −0.8 pts | −830K sh | −100% |
| Exited | POET Technologies Inc (POET) | 0.8% | — | −0.8 pts | −1.49M sh | −100% |
| Reduced | Weyerhaeuser Co (WY) | 0.9% | 0.1% | −0.8 pts | −359K sh | −87% |
| New | Snow Rothschild Acquisition Co (ISNRU) | — | 0.7% | +0.7 pts | +850K sh | new |
| Exited | ITHAX Acquisition Corp III (ITHAW) | 0.7% | — | −0.7 pts | −800K sh | −100% |
| New | ITHAX Acquisition Corp III (ITHAU) | — | 0.7% | +0.7 pts | +800K sh | new |
| Exited | Cantor Equity Partners III Inc (CAEP) | 0.7% | — | −0.7 pts | −750K sh | −100% |
The 50 largest of 211 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- ZOOZ Strategy Ltd (ZOOZ): M2573A106 → M2573A239, 7M → 350K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 28.1% of the equity book
Changes in the top 10 this quarter: CXII entered · Cartesian Growth Corp IV entered · IPFX entered · TAC entered · XNDU left · CCXIU left · CRDL left · MZYXU left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Aris Mining Corp (ARMN) | 12.5% | 8.6% | |
| 2 | Algoma Steel Group Inc (ASTL) | 4.6% | 3.8% | |
| 3 | Churchill Capital Corp XII (CXII) | 0.0% | 2.4% | Entered the top 10 |
| 4 | Drugs Made In America Acquisit (DMII) | 2.3% | 2.3% | |
| 5 | NexGen Energy Ltd (NXE) | 2.4% | 2.1% | |
| 6 | Cartesian Growth Corp IV | 0.0% | 2.0% | Entered the top 10 |
| 7 | New Providence Acquisition Cor (NPAC) | 1.9% | 1.9% | |
| 8 | Inflection Point Acquisition C (IPFX) | 0.0% | 1.7% | Entered the top 10 |
| 9 | Fifth Era Acquisition Corp I (FERA) | 1.7% | 1.7% | |
| 10 | TransAlta Corp (TAC) | 0.0% | 1.5% | Entered the top 10 |
| — | XANADU QUANTUM TECHNOLO-CL B (XNDU) | 4.2% | 0.0% | Left the top 10 |
| — | Churchill Capital Corp XI (CCXIU) | 2.4% | 0.0% | Left the top 10 |
| — | Cardiol Therapeutics Inc (CRDL) | 1.8% | 1.4% | Left the top 10 |
| — | MOZAYYX Acquisition Corp (MZYXU) | 1.5% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).