MMCAP International Inc. SPC

Q4 2025 13F-HR Holdings

Location
Grand Cayman, E9
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
208
Total value ($000)
$1,000,327
Net value change ($000)
+140,552 (16.3%)
New positions
47
Sold out positions
38
Turnover %
36.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ARIS 63,329 39.3%
CCXI 27,567 NEW
NXE 21,907 4890.0%
ASTL 18,391 64.0%
MESH 15,000 NEW
IRHO 14,918 NEW
CEPV 12,300 NEW
MBVI 11,000 NEW
FCRS 10,100 NEW
APTV 10,058 347.1%
Top Reduces (Value $000, Stocks/ETFs)
ASST -24,584 -98.3%
INFQ -20,317 -100.0%
UEC -13,316 -47.7%
MBAV -11,573 -73.1%
MBVI -11,132 -100.0%
FCRS -10,600 -100.0%
HCMA -10,310 -100.0%
TRAILBLAZER ACQUISITION CORP -10,225 -100.0%
POET -10,201 -51.4%
NESR -8,589 -99.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type