MMCAP International Portfolio holdings

AUM $587M

AUM

$587M

AUM Growth

-$78.1M (-12%)

Cap. Flow

+$105M

Cap. Flow % of AUM

17.84%

Top 10 Holdings %Top 10 Hldgs %

62.57%

Holding

169

New

Increased

Reduced

Closed

Top Buys

1	FERAU Fifth Era Acquisition Corp I Units FERAU	$19.1M
2	CEPO Cantor Equity Partners I, Inc. Class A Ordinary Shares CEPO	$11.3M
3	HOND HCM II Acquisition Corp. Class A Ordinary Shares HOND	$10.3M
4	SBXD SilverBox Corp IV SBXD	$9.97M
5	Denison Mines DNN	$8.28M

Top Sells

1	POET Technologies POET	$6.27M
2	LPAA Launch One Acquisition Corp. Class A Ordinary shares LPAA	$5.11M
3	BorgWarner BWA	$2.52M
4	UROY Uranium Royalty Corp UROY	$1.51M
5	BITF Bitfarms BITF	$1.18M

Sector Composition

1	Financials	46.03%
2	Energy	23.26%
3	Materials	18.53%
4	Consumer Discretionary	1.53%
5	Healthcare	1.19%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	EU 26 enCore Energy EU $408M	$5.23M	0.89%	3,819,501 +1,517,992	+66%	+$2.08M
27	27 BorgWarner BWA $7.27B	$5.21M	0.89%	181,724 -88,034	-33%	-$2.52M
28	LPBB 28 Launch Two Acquisition Corp. Class A Ordinary Shares LPBB $301M	$4.86M	0.83%	480,000	New	+$4.86M
29	29 NexGen Energy NXE $3.78B	$4.71M	0.8%	1,050,007 +950,007	+950%	+$4.27M
30	NTWO 30 Newbury Street II Acquisition Corp Class A Ordinary Shares NTWO	$4.53M	0.77%	450,000	New	+$4.53M
31	SPKL 31 Spark I Acquisition Corp SPKL $179M	$3.78M	0.64%	350,000	–	–
32	32 General Motors GM $46.8B	$3.76M	0.64%	80,000 -10,000	-11%	-$470K
33	TDACU 33 Translational Development Acquisition Corp. Units TDACU	$3.55M	0.6%	350,000	–	–
34	CRON 34 Cronos Group CRON $744M	$3.23M	0.55%	1,786,382 +49,782	+3%	+$90.1K
35	SVCCU 35 Stellar V Capital Corp. Unit SVCCU $160M	$2.83M	0.48%	280,000	New	+$2.83M
36	PROF 36 Profound Medical PROF $197M	$2.8M	0.48%	480,859 -9,141	-2%	-$53.2K
37	HIVE 37 HIVE Digital Technologies HIVE $341M	$2.72M	0.46%	1,873,215 -519,349	-22%	-$753K
38	VACH 38 Voyager Acquisition Corp Class A Ordinary Shares VACH $328M	$2.55M	0.43%	250,000	New	+$2.55M
39	NHICU 39 NewHold Investment Corp III Units NHICU $216M	$2.01M	0.34%	200,000	New	+$2.01M
40	GSHRU 40 Gesher Acquisition Corp. II Units GSHRU	$1.76M	0.3%	175,000	New	+$1.76M
41	ATIIU 41 Archimedes Tech SPAC Partners II Co. Unit ATIIU $239M	$1.26M	0.21%	125,000	New	+$1.26M
42	NESRW 42 National Energy Services Reunited Corp. Warrant NESRW $54.4M	$1.26M	0.21%	3,595,203	–	–
43	43 JV SPAC Acquisition Corp JVSA $83.5M	$1.23M	0.21%	115,000	–	–
44	UROY 44 Uranium Royalty Corp UROY $307M	$1.08M	0.18%	612,711 -855,469	-58%	-$1.51M
45	LEGT 45 Legato Merger Corp III LEGT	$1.05M	0.18%	100,000	–	–
46	46 POET Technologies POET $352M	$969K	0.17%	256,420 -1,659,724	-87%	-$6.27M
47	CRDL 47 Cardiol Therapeutics CRDL $121M	$759K	0.13%	782,625 -13,000	-2%	-$12.6K
48	CCIRW 48 Cohen Circle Acquisition Corp. I Warrant CCIRW	$588K	0.1%	326,666	New	+$588K
49	OCSAW 49 Oculis Holding AG Warrants OCSAW	$555K	0.09%	73,525	–	–
50	50 Forafric Global PLC Warrants AFRIW $9.83M	$363K	0.06%	518,900	–	–