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
126	IVCAW 126 DELISTED Investcorp AI Acquisition Corp. Warrant IVCAW	$4K	0%	200,000	–	–
127	SMXWW 127 SMX (Security Matters) Public Limited Company Warrant SMXWW $824K	$3.88K	0%	125,000	–	–
128	128 HWH International HWH $8.35M	$3.8K	0%	3,065 -12,263	-80%	-$15.2K
129	129 Apollomics Inc Warrant APLMW $1.57M	$2.13K	0%	250,000	–	–
130	130 ESGL Holdings Limited Warrants ESGLW	$1.75K	0%	154,750	–	–
131	NIVF 131 NewGenIvf NIVF $1.79M	$1.6K	0%	2,500 -47,500	-95%	-$30.4K
132	132 AGCO AGCO $7.5B	$0	0%	0 -108,253	Closed	–
133	133 AutoNation AN $7.15B	$0	0%	0 -33,500	Closed	–
134	SVMHW 134 DELISTED SRIVARU Holding Limited Warrant SVMHW	$0	0%	0 -325,000	Closed	–
135	135 Aptiv APTV $14.6B	$0	0%	0 -15,000	Closed	–
136	136 Peabody Energy BTU $1.66B	$0	0%	0 -52,658	Closed	–
137	CGC 137 Canopy Growth CGC $277M	$0	0%	0 -55,500	Closed	–
138	138 Genuine Parts GPC $16.6B	$0	0%	0 -17,340	Closed	–
139	ITRG 139 Integra Resources ITRG $281M	$0	0%	0 -311,960	Closed	–
140	140 ArcelorMittal MT $22.9B	$0	0%	0 -138,350	Closed	–
141	141 McEwen Mining MUX $507M	$0	0%	0 -31,754	Closed	–
142	142 Rail Vision RVSN $18.2M	$0	0%	0 -27,819	Closed	–
143	143 Satellogic Inc. Warrant SATLW $37.5M	$0	0%	0 -166,666	Closed	–
144	144 Steel Dynamics STLD $19.8B	$0	0%	0 -26,000	Closed	–
145	SVM 145 Silvercorp Metals SVM $933M	$0	0%	0 -19,158	Closed	–
146	VACHU 146 Voyager Acquisition Corp Unit VACHU	$0	0%	0 -250,000	Closed	–
147	SBXD.U 147 SilverBox Corp IV Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant SBXD.U	$0	0%	0 -980,000	Closed	–
148	HONDU 148 HCM II Acquisition Corp. Unit HONDU	$0	0%	0 -980,000	Closed	–
149	POLEU 149 Andretti Acquisition Corp. II Unit POLEU	$0	0%	0 -580,000	Closed	–
150	LPBBU 150 Launch Two Acquisition Corp. Unit LPBBU	$0	0%	0 -980,000	Closed	–