We are live on
!
Find out more
MI
MMCAP International Portfolio holdings
AUM
$1.18B
1-Year Est. Return
50.44%
This Fund
S&P 500
This Quarter
Est. Return
+5.84%
1 Year Est. Return
+50.44%
3 Year Est. Return
+184.48%
5 Year Est. Return
+225.16%
10 Year Est. Return
–
AUM
$1.18B
AUM Growth
+$21.3M
(+1.8%)
Cap. Flow
+$16.1M
Cap. Flow
% of AUM
1.36%
Top 10 Holdings %
Top 10 Hldgs %
28.11%
Holding
364
New
120
Increased
9
Reduced
17
Closed
61
Avg Time Held
3.3
quarters
Top 10 Avg Time Held
3
quarters
Top 20 Avg Time Held
2.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Churchill Capital Corp XII
CXII
|
+$27.8M |
| 2 |
CGCFU
Cartesian Growth Corporation IV Unit
CGCFU
|
+$23.5M |
| 3 |
Inflection Point Acquisition Corp VI
IPFX
|
+$20M |
| 4 |
FTRA.U
FutureCorp Space Acquisition 1 Units
FTRA.U
|
+$17.8M |
| 5 |
MOZAYYX Acquisition Corp
MZYX
|
+$17.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xanadu Quantum Technologies Class B
XNDU
|
+$48.1M |
| 2 |
Churchill Capital Corp XI Units
CCXIU
|
+$27.7M |
| 3 |
Aris Mining
ARIS
|
+$17.7M |
| 4 |
MOZAYYX Acquisition Corp Units
MZYX.U
|
+$17.4M |
| 5 |
Idea Acquisition Corp Units
IACOU
|
+$17.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 56.95% |
| 2 | Materials | 13.96% |
| 3 | Miscellaneous | 11.74% |
| 4 | Consumer Discretionary | 6.42% |
| 5 | Energy | 3.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
176
Rezolve AI Warrants
RZLVW
$3M
| $225K | 0.02% |
250,000
| – | – |
2024 Q3
7 quarters
|
|
177
HCM III Acquisition Corp Warrants
HCMAW
$5.97M
| $217K | 0.02% |
333,333
| – | – |
2025 Q4
2 quarters
|
|
178
Drugs Made In America Acquisition II Corp Right
DMIIR
| $216K | 0.02% |
2,700,000
| – | – |
2026 Q1
1 quarter
|
|
179
Satellogic Inc Warrant
SATLW
$20.5M
| $215K | 0.02% |
166,666
| – | – |
2025 Q2
4 quarters
|
|
180
Wen Acquisition Corp Warrant
WENNW
| $213K | 0.02% |
600,000
| – | – |
2025 Q3
3 quarters
|
|
181
FutureCrest Acquisition Corp Warrants
FCRS.WS
| $213K | 0.02% |
250,000
| – | – |
2025 Q4
2 quarters
|
|
|
NHICW
182
DELISTED
NewHold Investment Corp III Warrants
NHICW
| $210K | 0.02% |
100,000
| – | – |
2025 Q3
3 quarters
|
|
183
American Drive Acquisition Co Warrant
ADACW
| $210K | 0.02% |
+333,333
| New | +$160K |
2026 Q2
0 quarters
|
|
184
QDRO Acquisition Corp Warrant
QADRW
$2.1M
| $210K | 0.02% |
+750,000
| New | +$197K |
2026 Q2
0 quarters
|
|
185
New Providence Acquisition Corp III Warrants
NPACW
$1.95M
| $205K | 0.02% |
733,333
| – | – |
2025 Q3
3 quarters
|
|
186
Idea Acquisition Corp Warrants
IACOW
| $198K | 0.02% |
+583,332
| New | +$204K |
2026 Q2
0 quarters
|
|
187
GP-Act III Acquisition Corp Warrants
GPATW
$367K
| $197K | 0.02% |
1,037,500
| – | – |
2024 Q3
7 quarters
|
|
188
Blue Acquisition Corp Right
BACCR
| $195K | 0.02% |
250,000
| – | – |
2025 Q3
3 quarters
|
|
189
Aldabra 4 Liquidity Opportunity Vehicle Warrants
ALOVW
$3.64M
| $192K | 0.02% |
+400,000
| New | +$161K |
2026 Q2
0 quarters
|
|
190
HCM IV Acquisition Corp Warrants
HACQW
$4.86M
| $189K | 0.02% |
+350,000
| New | +$188K |
2026 Q2
0 quarters
|
|
191
Launch One Acquisition Corp Warrant
LPAAW
$576K
| $188K | 0.02% |
990,000
| – | – |
2024 Q3
7 quarters
|
|
192
New Found Gold
NFGC
$542M
| $184K | 0.02% |
119,523
| – | – |
2025 Q3
3 quarters
|
|
193
Critical Metals Corp Warrants
CRMLW
$15.2M
| $180K | 0.02% |
50,327
-55,042
| -52% | -$245K |
2024 Q1
9 quarters
|
|
|
DRK
194
DarkHorse Technologies Inc. Common Shares
DRK
$23.6M
| $179K | 0.02% |
+64,920
| New | +$147K |
2026 Q2
0 quarters
|
|
195
Sequans Communications SA
SQNS
$41.4M
| $174K | 0.01% |
51,060
+13,230
| +35% | +$44.2K |
2025 Q4
2 quarters
|
|
196
Launch Two Acquisition Corp Warrant
LPBBW
$1.58M
| $169K | 0.01% |
490,000
| – | – |
2025 Q1
5 quarters
|
|
197
Graf Global Corp Warrants
TONT.WS
$6.93M
| $158K | 0.01% |
415,000
| – | – |
2024 Q3
7 quarters
|
|
198
Meshflow Acquisition Corp Warrants
MESHW
$1.75M
| $150K | 0.01% |
+500,000
| New | +$145K |
2026 Q2
0 quarters
|
|
199
M3-Brigade Acquisition VI Corp Warrant
MBVIW
| $147K | 0.01% |
366,666
| – | – |
2025 Q4
2 quarters
|
|
200
Spring Valley Acquisition Corp IV Warrants
SVIVW
| $146K | 0.01% |
+150,000
| New | +$136K |
2026 Q2
0 quarters
|
|
Similar funds
NFG
FSWA
CA
KBFS
TPI
TFA
KCM
CF
MMCAP International's Q2 2026 Portfolio in Review
As of Q2 2026, MMCAP International held 364 positions worth $1.18B, up 1.8% from $1.16B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
MMCAP International's Q2 2026 filing shows 120 new, 9 increased, 17 reduced and 61 closed positions. Its largest new stake was Churchill Capital Corp XII: 2,700,000 shares worth $28.8M. The largest sale was Xanadu Quantum Technologies Class B, an estimated $48.1M.
By sector, the portfolio is most concentrated in Financials at 57% of assets, up from 36% a quarter earlier, followed by Materials and Miscellaneous.
- MMCAP International's largest Q2 2026 buy was Churchill Capital Corp XII: 2,700,000 shares worth $28.8M.
- MMCAP International added most to NewHold Investment Corp III in Q2 2026, an estimated $5.37M increase.
- MMCAP International's biggest Q2 2026 reduction was Aris Mining, cutting an estimated $17.7M.
- MMCAP International fully exited Xanadu Quantum Technologies Class B in Q2 2026, selling an estimated $48.1M.
- MMCAP International's ten largest holdings make up 28% of its $1.18B portfolio in Q2 2026.
- MMCAP International opened 120 new positions and closed 61 in Q2 2026.
- MMCAP International's portfolio value rose 1.8% quarter-over-quarter to $1.18B.
Based on MMCAP International's 13F filing for Q2 2026, filed 14 Aug 2026.