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
51	HONDW 51 HCM II Acquisition Corp. Warrant HONDW	$338K	0.06%	490,000	New	+$338K
52	USARW 52 USA Rare Earth, Inc. Warrant USARW $243M	$335K	0.06%	500,000	–	–
53	ABVE 53 Above Food Ingredients Inc. Common Stock ABVE $31.4M	$280K	0.05%	471,169	New	+$280K
54	CCIXW 54 Churchill Capital Corp IX Warrant CCIXW	$270K	0.05%	337,500	–	–
55	GPATW 55 GP-Act III Acquisition Corp. Warrants GPATW	$193K	0.03%	1,037,500	–	–
56	ALFUW 56 Centurion Acquisition Corp. Warrant ALFUW	$186K	0.03%	1,237,500	–	–
57	57 Sonnet BioTherapeutics SONN $3.64M	$179K	0.03%	133,590	New	+$179K
58	58 Vitesse Energy VTS $942M	$167K	0.03%	6,772	New	+$167K
59	YOTAR 59 DELISTED Yotta Acquisition Corporation Right YOTAR	$149K	0.03%	925,000	–	–
60	60 BitFuFu Inc. Warrant FUFUW $50.6M	$145K	0.02%	330,000	–	–
61	LPAAW 61 Launch One Acquisition Corp. Warrant LPAAW	$144K	0.02%	990,000	–	–
62	BZAIW 62 Blaize Holdings, Inc. Warrants BZAIW	$143K	0.02%	750,000	New	+$143K
63	CUBWW 63 Lionheart Holdings Warrant CUBWW	$139K	0.02%	990,000	–	–
64	FLDDW 64 Fold Holdings, Inc. Warrant FLDDW	$130K	0.02%	175,000	New	+$130K
65	SIMAW 65 SIM Acquisition Corp. I Warrant SIMAW	$129K	0.02%	990,000	–	–
66	JACS.RT 66 Jackson Acquisition Company II Rights, each right to acquire one-tenth (1/10) of one Class A ordinary share JACS.RT	$125K	0.02%	500,000	New	+$125K
67	NOEMR 67 CO2 Energy Transition Corp. Right NOEMR	$121K	0.02%	590,000	New	+$121K
68	GATEW 68 DELISTED Marblegate Acquisition Corp. Warrant GATEW	$118K	0.02%	735,000	–	–
69	MRNOW 69 Murano Global Investments PLC Warrants MRNOW	$116K	0.02%	500,000	–	–
70	SBXD.WS 70 SilverBox Corp IV Redeemable warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 SBXD.WS	$114K	0.02%	326,666	New	+$114K
71	71 SatixFy Communications SATX $249M	$113K	0.02%	93,750	–	–
72	72 Alpha Tau Medical Warrant DRTSW	$106K	0.02%	447,622	–	–
73	LPBBW 73 Launch Two Acquisition Corp. Warrant LPBBW	$103K	0.02%	490,000	New	+$103K
74	74 Haymaker Acquisition Corp. 4 Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share HYAC.WS	$94.3K	0.02%	450,000	–	–
75	GRAF.WS 75 Graf Global Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share GRAF.WS $7.91M	$74.7K	0.01%	415,000	–	–