MMCAP INTERNATIONAL INC. SPC

Filed: 2/9/2026ACC: 0000912282-26-000275

📋 What this filing means

MMCAP INTERNATIONAL INC. SPC filed this quarterly 13F‑HR report disclosing 208 equity positions with a total reported market value of $1.00B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

208

Positions

$1.00B

Total AUM (reported)

174.38M

Total Shares

Allocation by class

COM$363.75M36.4%

ORD SHS CL A$85.28M8.5%

SHS CL A$77.84M7.8%

USD CL A ORD SHS$62.70M6.3%

COM NEW$61.36M6.1%

CL A ORD SHS$45.46M4.5%

COM CL A$29.89M3.0%

Portfolio Concentration

Top 3$299.12M29.9%

4–10$142.24M14.2%

11–25$198.00M19.8%

Rest$360.97M36.1%

Top 3 weight

29.9%

Top 10 weight

44.1%

Voting Authority Distribution

Total shares with voting rights: 174.38M

Sole

Full voting authority

174.38M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole208

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings208

Rows:

Aris Mining Corp

SOLE

COM

Shares13.80M

TypeSH

Market value$224.44M

22.44%

Sole

13.80M

Shared

0.00

None

0.00

Algoma Steel Group Inc

SOLE

COM

Shares11.49M

TypeSH

Market value$47.11M

4.71%

Sole

11.49M

Shared

0.00

None

0.00

Churchill Capital Corp XI

SOLE

UNIT 12/10/2030

Shares2.70M

TypeSH

Market value$27.57M

2.76%

Sole

2.70M

Shared

0.00

None

0.00

Drugs Made In America Acquisit

SOLE

UNIT 10/15/2029

Shares2.70M

TypeSH

Market value$27.04M

2.70%

Sole

2.70M

Shared

0.00

None

0.00

New Providence Acquisition Cor

SOLE

USD CL A ORD SHS

Shares2.20M

TypeSH

Market value$22.57M

2.26%

Sole

2.20M

Shared

0.00

None

0.00

NexGen Energy SEG

SOLE

COM

Shares2.43M

TypeSH

Market value$22.36M

2.23%

Sole

2.43M

Shared

0.00

None

0.00

Fifth Era Acquisition Corp I

SOLE

ORD SHS CL A

Shares1.90M

TypeSH

Market value$19.55M

1.95%

Sole

1.90M

Shared

0.00

None

0.00

Denison Mines Corp

SOLE

COM

Shares7.22M

TypeSH

Market value$19.20M

1.92%

Sole

7.22M

Shared

0.00

None

0.00

Republic Digital Acquisition C

SOLE

USD CL A ORD SHS

Shares1.56M

TypeSH

Market value$15.85M

1.58%

Sole

1.56M

Shared

0.00

None

0.00

Launch One Acquisition Corp

SOLE

SHS CLASS A

Shares1.48M

TypeSH

Market value$15.67M

1.57%

Sole

1.48M

Shared

0.00

None

0.00

Cantor Equity Partners IV Inc

SOLE

SHS CL A

Shares1.50M

TypeSH

Market value$15.42M

1.54%

Sole

1.50M

Shared

0.00

None

0.00

Meshflow Acquisition Corp

SOLE

UNIT 11/19/2030

Shares1.50M

TypeSH

Market value$15.00M

1.50%

Sole

1.50M

Shared

0.00

None

0.00

Iron Horse Acquisition II Corp

SOLE

UNIT 07/11/2030

Shares1.50M

TypeSH

Market value$14.92M

1.49%

Sole

1.50M

Shared

0.00

None

0.00

Uranium Energy Corp

SOLE

COM

Shares1.25M

TypeSH

Market value$14.58M

1.46%

Sole

1.25M

Shared

0.00

None

0.00

Churchill Capital Corp IX

SOLE

CL A SHS

Shares1.35M

TypeSH

Market value$14.35M

1.43%

Sole

1.35M

Shared

0.00

None

0.00

Inflection Point Acquisition C

SOLE

CL A ORD SHS

Shares1.40M

TypeSH

Market value$14.20M

1.42%

Sole

1.40M

Shared

0.00

None

0.00

CARTESIAN GROWTH CORP III

SOLE

COM CL A

Shares1.35M

TypeSH

Market value$13.90M

1.39%

Sole

1.35M

Shared

0.00

None

0.00

GP-Act III Acquisition Corp

SOLE

CL A ORD SHS

Shares1.27M

TypeSH

Market value$13.63M

1.36%

Sole

1.27M

Shared

0.00

None

0.00

Aptiv PLC

SOLE

COM SHS

Shares170.27K

TypeSH

Market value$12.96M

1.30%

Sole

170.27K

Shared

0.00

None

0.00

Centurion Acquisition Corp

SOLE

SHS CL A

Shares1.18M

TypeSH

Market value$12.51M

1.25%

Sole

1.18M

Shared

0.00

None

0.00

Cantor Equity Partners V Inc

SOLE

SHS CL A S

Shares1.20M

TypeSH

Market value$12.30M

1.23%

Sole

1.20M

Shared

0.00

None

0.00

Wen Acquisition Corp

SOLE

COM CL A

Shares1.20M

TypeSH

Market value$12.12M

1.21%

Sole

1.20M

Shared

0.00

None

0.00

M3-Brigade Acquisition VI Corp

SOLE

ORD SHS CL A

Shares1.10M

TypeSH

Market value$11.00M

1.10%

Sole

1.10M

Shared

0.00

None

0.00

Encore Energy Corp

SOLE

COM NEW

Shares4.32M

TypeSH

Market value$10.70M

1.07%

Sole

4.32M

Shared

0.00

None

0.00

Lionheart Holdings

SOLE

SHS CL A

Shares980K

TypeSH

Market value$10.42M

1.04%

Sole

980K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Aris Mining CorpSOLE	COM	13.80M	SH	$224.44M 22.44%	13.80M
Algoma Steel Group IncSOLE	COM	11.49M	SH	$47.11M 4.71%	11.49M
Churchill Capital Corp XISOLE	UNIT 12/10/2030	2.70M	SH	$27.57M 2.76%	2.70M
Drugs Made In America AcquisitSOLE	UNIT 10/15/2029	2.70M	SH	$27.04M 2.70%	2.70M
New Providence Acquisition CorSOLE	USD CL A ORD SHS	2.20M	SH	$22.57M 2.26%	2.20M
NexGen Energy SEGSOLE	COM	2.43M	SH	$22.36M 2.23%	2.43M
Fifth Era Acquisition Corp ISOLE	ORD SHS CL A	1.90M	SH	$19.55M 1.95%	1.90M
Denison Mines CorpSOLE	COM	7.22M	SH	$19.20M 1.92%	7.22M
Republic Digital Acquisition CSOLE	USD CL A ORD SHS	1.56M	SH	$15.85M 1.58%	1.56M
Launch One Acquisition CorpSOLE	SHS CLASS A	1.48M	SH	$15.67M 1.57%	1.48M
Cantor Equity Partners IV IncSOLE	SHS CL A	1.50M	SH	$15.42M 1.54%	1.50M
Meshflow Acquisition CorpSOLE	UNIT 11/19/2030	1.50M	SH	$15.00M 1.50%	1.50M
Iron Horse Acquisition II CorpSOLE	UNIT 07/11/2030	1.50M	SH	$14.92M 1.49%	1.50M
Uranium Energy CorpSOLE	COM	1.25M	SH	$14.58M 1.46%	1.25M
Churchill Capital Corp IXSOLE	CL A SHS	1.35M	SH	$14.35M 1.43%	1.35M
Inflection Point Acquisition CSOLE	CL A ORD SHS	1.40M	SH	$14.20M 1.42%	1.40M
CARTESIAN GROWTH CORP IIISOLE	COM CL A	1.35M	SH	$13.90M 1.39%	1.35M
GP-Act III Acquisition CorpSOLE	CL A ORD SHS	1.27M	SH	$13.63M 1.36%	1.27M
Aptiv PLCSOLE	COM SHS	170.27K	SH	$12.96M 1.30%	170.27K
Centurion Acquisition CorpSOLE	SHS CL A	1.18M	SH	$12.51M 1.25%	1.18M
Cantor Equity Partners V IncSOLE	SHS CL A S	1.20M	SH	$12.30M 1.23%	1.20M
Wen Acquisition CorpSOLE	COM CL A	1.20M	SH	$12.12M 1.21%	1.20M
M3-Brigade Acquisition VI CorpSOLE	ORD SHS CL A	1.10M	SH	$11.00M 1.10%	1.10M
Encore Energy CorpSOLE	COM NEW	4.32M	SH	$10.70M 1.07%	4.32M
Lionheart HoldingsSOLE	SHS CL A	980K	SH	$10.42M 1.04%	980K

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