MMCAP International Inc. SPC

CIK 0001304857 · Q1 2026

13F Equity AUM

$1.2B

+15.8% QoQ

Positions

243

+35 QoQ

AUM Rank

#2,562

Top 21%

Skill Alpha (FF)

+24.3%/yr^ns

No Clear Edge

Rank #66 · Top 0.8%

vs S&P +7.5%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 26.1%Top 10: 35.3%Top 20: 48.7%

ARIS12.5%

ASTL4.6%

XANADU QUANTUM TECHNOLO-CL B4.2%

NXE2.4%

CCXIU2.4%

DMII2.3%

New Providence Acquisition Cor1.9%

CRDL1.8%

FERAU1.7%

MOZAYYX Acquisition Corp1.5%

Others (233)64.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services37.0%

Unclassified29.6%

Basic Materials20.5%

Energy3.4%

Consumer Cyclical2.8%

Healthcare2.0%

Other4.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 243Median: 0.09%Avg: 0.41%

0–0.5%

179(15.9%)

0.5–1%

36(26.4%)

1–3%

25(36.4%)

3–5%

2(8.7%)

5%+

1(12.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 66Unique: 177vs 20 funds

0.9%Low

243

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

JPMORGAN CHASE & CO

MORGAN STANLEY

0.6%

BANK OF AMERICA CORP /DE/

0.6%

GEODE CAPITAL MANAGEMENT, LLC

0.7%

BlackRock, Inc.

0.6%

VANGUARD CAPITAL MANAGEMENT LLC

0.6%

STATE STREET CORP

0.6%

FMR LLC

0.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New56Increased12Decreased14Exited20

New Positions

XANADU QUANTUM TECHN…4.2%

+6.9M

DMII2.3%

+2.7M

MOZAYYX Acquisition …1.5%

+1.8M

Idea Acquisition Cor…1.5%

+1.8M

Inflection Point Acq…1.3%

+1.5M

QDRO Acquisition Cor…1.3%

+1.5M

HCM IV Acquisition C…1.2%

+1.4M

Aldabra 4 Liquidity …1.0%

+1.2M

STM0.9%

+310K

United Acquisition C…0.9%

+1.1M

Increased

CRDL1.8%

+15.1M(+7247%)

ASTL4.6%

+1.4M(+12%)

SUIG0.7%

+509K(+8%)

PRN0.4%

+214K(+40%)

M3-Brigade Acquisiti…0.5%

+150K(+38%)

WY0.9%

+84K(+26%)

GM0.9%

+68K(+102%)

STLD1.1%

+63K(+590%)

APTV1.4%

+63K(+37%)

SQNS0.0%

+36K(+2356%)

Decreased

ARIS12.5%

-5,988,919(-43%)

DML0.9%

-4,362,000(-60%)

CRON0.2%

-1,761,569(-64%)

ZONE0.5%

-1,488,562(-8%)

CCIX0.1%

-1,250,000(-93%)

U6Z0.0%

-1,216,028(-97%)

IMSR0.0%

-705,721(-94%)

NFG0.0%

-626,312(-84%)

EU0.7%

-152,802(-4%)

CRTMF0.0%

-83,231(-44%)

Exited

DMIIU

-2,700,000

CRANU

-650,000

EFR

-357,225

Twelve Seas Investme…

-400,000

Churchill Capital Co…

-430,970

-250,000

-270,745

-93,700

-200,000

-150,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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