MMCAP INTERNATIONAL INC. SPC

Filed: 5/15/2026ACC: 0000912282-26-000731

📋 What this filing means

MMCAP INTERNATIONAL INC. SPC filed this quarterly 13F‑HR report disclosing 244 equity positions with a total reported market value of $1.16B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

244

Positions

$1.16B

Total AUM (reported)

206.32M

Total Shares

Allocation by class

COM$289.21M25.0%

ORD SHS CL A$99.80M8.6%

SHS CL A$83.27M7.2%

USD CL A ORD SHS$66.44M5.7%

COM NEW$51.36M4.4%

COM CL A$50.49M4.4%

UNIT 99/99/9999$48.86M4.2%

Portfolio Concentration

Top 3$246.33M21.3%

4–10$163.06M14.1%

11–25$222.55M19.2%

Rest$526.35M45.4%

Top 3 weight

21.3%

Top 10 weight

35.3%

Voting Authority Distribution

Total shares with voting rights: 206.32M

Sole

Full voting authority

206.32M

% 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)

Sole244

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings244

Rows:

Aris Mining Corp

SOLE

COM

Shares7.82M

TypeSH

Market value$145.15M

12.53%

Sole

7.82M

Shared

0.00

None

0.00

Algoma Steel Group Inc

SOLE

COM

Shares12.85M

TypeSH

Market value$53.05M

4.58%

Sole

12.85M

Shared

0.00

None

0.00

XANADU QUANTUM TECHNOLO-CL B

SOLE

SUB VTG B

Shares6.88M

TypeSH

Market value$48.13M

4.15%

Sole

6.88M

Shared

0.00

None

0.00

NexGen Energy SEG

SOLE

COM

Shares2.43M

TypeSH

Market value$28.19M

2.43%

Sole

2.43M

Shared

0.00

None

0.00

Churchill Capital Corp XI

SOLE

UNIT 12/10/2030

Shares2.70M

TypeSH

Market value$27.68M

2.39%

Sole

2.70M

Shared

0.00

None

0.00

Drugs Made In America Acquisit

SOLE

ORD SHS

Shares2.70M

TypeSH

Market value$26.92M

2.32%

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

1.95%

Sole

2.20M

Shared

0.00

None

0.00

Cardiol Therapeutics Inc

SOLE

COM CL A

Shares15.35M

TypeSH

Market value$20.73M

1.79%

Sole

15.35M

Shared

0.00

None

0.00

Fifth Era Acquisition Corp I

SOLE

ORD SHS CL A

Shares1.90M

TypeSH

Market value$19.57M

1.69%

Sole

1.90M

Shared

0.00

None

0.00

MOZAYYX Acquisition Corp

SOLE

UNIT 99/99/9999

Shares1.75M

TypeSH

Market value$17.41M

1.50%

Sole

1.75M

Shared

0.00

None

0.00

Idea Acquisition Corp

SOLE

UNIT 01/06/2031

Shares1.75M

TypeSH

Market value$17.34M

1.50%

Sole

1.75M

Shared

0.00

None

0.00

Aptiv PLC

SOLE

COM SHS

Shares233.09K

TypeSH

Market value$16.19M

1.40%

Sole

233.09K

Shared

0.00

None

0.00

Republic Digital Acquisition C

SOLE

USD CL A ORD SHS

Shares1.56M

TypeSH

Market value$16.01M

1.38%

Sole

1.56M

Shared

0.00

None

0.00

Launch One Acquisition Corp

SOLE

SHS CLASS A

Shares1.48M

TypeSH

Market value$15.85M

1.37%

Sole

1.48M

Shared

0.00

None

0.00

Cantor Equity Partners IV Inc

SOLE

SHS CL A

Shares1.50M

TypeSH

Market value$15.29M

1.32%

Sole

1.50M

Shared

0.00

None

0.00

Inflection Point Acquisition C

SOLE

UNIT 03/03/2031

Shares1.50M

TypeSH

Market value$15.18M

1.31%

Sole

1.50M

Shared

0.00

None

0.00

Meshflow Acquisition Corp

SOLE

UNIT 11/19/2030

Shares1.50M

TypeSH

Market value$14.94M

1.29%

Sole

1.50M

Shared

0.00

None

0.00

Iron Horse Acquisition II Corp

SOLE

UNIT 07/11/2030

Shares1.50M

TypeSH

Market value$14.94M

1.29%

Sole

1.50M

Shared

0.00

None

0.00

QDRO Acquisition Corp

SOLE

UNIT 01/28/2031

Shares1.50M

TypeSH

Market value$14.87M

1.28%

Sole

1.50M

Shared

0.00

None

0.00

Inflection Point Acquisition C

SOLE

CL A ORD SHS

Shares1.40M

TypeSH

Market value$14.30M

1.23%

Sole

1.40M

Shared

0.00

None

0.00

HCM IV Acquisition Corp

SOLE

UNIT 01/20/2031

Shares1.40M

TypeSH

Market value$14.04M

1.21%

Sole

1.40M

Shared

0.00

None

0.00

CARTESIAN GROWTH CORP III

SOLE

COM CL A

Shares1.35M

TypeSH

Market value$13.84M

1.20%

Sole

1.35M

Shared

0.00

None

0.00

GP-Act III Acquisition Corp

SOLE

CL A

Shares1.27M

TypeSH

Market value$13.82M

1.19%

Sole

1.27M

Shared

0.00

None

0.00

Steel Dynamics Inc

SOLE

COM

Shares73.91K

TypeSH

Market value$13.30M

1.15%

Sole

73.91K

Shared

0.00

None

0.00

Centurion Acquisition Corp

SOLE

SHS CL A

Shares1.18M

TypeSH

Market value$12.64M

1.09%

Sole

1.18M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Aris Mining CorpSOLE	COM	7.82M	SH	$145.15M 12.53%	7.82M
Algoma Steel Group IncSOLE	COM	12.85M	SH	$53.05M 4.58%	12.85M
XANADU QUANTUM TECHNOLO-CL BSOLE	SUB VTG B	6.88M	SH	$48.13M 4.15%	6.88M
NexGen Energy SEGSOLE	COM	2.43M	SH	$28.19M 2.43%	2.43M
Churchill Capital Corp XISOLE	UNIT 12/10/2030	2.70M	SH	$27.68M 2.39%	2.70M
Drugs Made In America AcquisitSOLE	ORD SHS	2.70M	SH	$26.92M 2.32%	2.70M
New Providence Acquisition CorSOLE	USD CL A ORD SHS	2.20M	SH	$22.57M 1.95%	2.20M
Cardiol Therapeutics IncSOLE	COM CL A	15.35M	SH	$20.73M 1.79%	15.35M
Fifth Era Acquisition Corp ISOLE	ORD SHS CL A	1.90M	SH	$19.57M 1.69%	1.90M
MOZAYYX Acquisition CorpSOLE	UNIT 99/99/9999	1.75M	SH	$17.41M 1.50%	1.75M
Idea Acquisition CorpSOLE	UNIT 01/06/2031	1.75M	SH	$17.34M 1.50%	1.75M
Aptiv PLCSOLE	COM SHS	233.09K	SH	$16.19M 1.40%	233.09K
Republic Digital Acquisition CSOLE	USD CL A ORD SHS	1.56M	SH	$16.01M 1.38%	1.56M
Launch One Acquisition CorpSOLE	SHS CLASS A	1.48M	SH	$15.85M 1.37%	1.48M
Cantor Equity Partners IV IncSOLE	SHS CL A	1.50M	SH	$15.29M 1.32%	1.50M
Inflection Point Acquisition CSOLE	UNIT 03/03/2031	1.50M	SH	$15.18M 1.31%	1.50M
Meshflow Acquisition CorpSOLE	UNIT 11/19/2030	1.50M	SH	$14.94M 1.29%	1.50M
Iron Horse Acquisition II CorpSOLE	UNIT 07/11/2030	1.50M	SH	$14.94M 1.29%	1.50M
QDRO Acquisition CorpSOLE	UNIT 01/28/2031	1.50M	SH	$14.87M 1.28%	1.50M
Inflection Point Acquisition CSOLE	CL A ORD SHS	1.40M	SH	$14.30M 1.23%	1.40M
HCM IV Acquisition CorpSOLE	UNIT 01/20/2031	1.40M	SH	$14.04M 1.21%	1.40M
CARTESIAN GROWTH CORP IIISOLE	COM CL A	1.35M	SH	$13.84M 1.20%	1.35M
GP-Act III Acquisition CorpSOLE	CL A	1.27M	SH	$13.82M 1.19%	1.27M
Steel Dynamics IncSOLE	COM	73.91K	SH	$13.30M 1.15%	73.91K
Centurion Acquisition CorpSOLE	SHS CL A	1.18M	SH	$12.64M 1.09%	1.18M

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