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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 | |
|---|---|---|---|---|---|---|---|
201
Crane Harbor Acquisition Corp II Rights
CRANR
| $146K | 0.01% |
650,000
| – | – |
2026 Q1
1 quarter
|
|
202
D. Boral Acquisition I Corp Warrants
DBCAW
$4.31M
| $143K | 0.01% |
+375,000
| New | +$141K |
2026 Q2
0 quarters
|
|
203
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$13.2M
| $137K | 0.01% |
62,500
| – | – |
2025 Q3
3 quarters
|
|
204
Trailblazer Acquisition Corp Warrant
BLZRW
$2.75M
| $133K | 0.01% |
333,333
| – | – |
2025 Q4
2 quarters
|
|
205
Inflection Point Acquisition Corp. VII Warrant
IPXGW
| $132K | 0.01% |
+99,999
| New | +$59.7K |
2026 Q2
0 quarters
|
|
206
Launchpad Cadenza Acquisition Corp I Warrant
LPCVW
| $130K | 0.01% |
+333,333
| New | +$110K |
2026 Q2
0 quarters
|
|
207
Gores Holdings X Warrants
GTENW
| $130K | 0.01% |
175,000
| – | – |
2025 Q3
3 quarters
|
|
208
Velos Acquisition I Corp Warrant
VLOSW
$4.89M
| $129K | 0.01% |
349,671
| – | – |
2025 Q2
4 quarters
|
|
209
Alliance Entertainment Holding Corp Warrants
AENTW
$1.54M
| $127K | 0.01% |
294,000
| – | – |
2023 Q2
12 quarters
|
|
210
SilverBox Corp V Warrants
SBXE.WS
| $120K | 0.01% |
+250,000
| New | +$96.3K |
2026 Q2
0 quarters
|
|
211
CO2 Energy Transition Corp Right
NOEMR
| $106K | 0.01% |
590,000
| – | – |
2025 Q1
5 quarters
|
|
212
ITHAX Acquisition Corp III Warrants
ITHAW
| $96K | 0.01% |
+400,000
| New | +$87K |
2026 Q2
0 quarters
|
|
|
FAC
213
Factorial Energy Inc
FAC
$535M
| $87.9K | 0.01% |
7,930
-1,342,070
| -99% | -$15.5M |
2025 Q3
3 quarters
|
|
214
Oxley Bridge Acquisition Ltd Warrants
OBAWW
| $81.2K | 0.01% |
375,000
| – | – |
2025 Q4
2 quarters
|
|
215
Pioneer Acquisition I Corp Warrants
PACHW
$2.02M
| $80.9K | 0.01% |
375,000
| – | – |
2025 Q4
2 quarters
|
|
216
BHAV Acquisition Corp Rights
BHAVR
| $80.5K | 0.01% |
+350,000
| New | +$77.1K |
2026 Q2
0 quarters
|
|
217
1RT Acquisition Corp Warrant
ONCHW
$1.72M
| $76.3K | 0.01% |
150,000
| – | – |
2025 Q4
2 quarters
|
|
218
SBC Medical Group Warrants
SBCWW
$4.83M
| $75.9K | 0.01% |
330,000
| – | – |
2024 Q4
6 quarters
|
|
219
Iris Acquisition Corp II Warrants
IRAB.WS
| $75K | 0.01% |
+300,000
| New | +$81.9K |
2026 Q2
0 quarters
|
|
220
M Evo Global Acquisition Corp II Warrants
MEVOW
| $74.2K | 0.01% |
+200,000
| New | +$75.2K |
2026 Q2
0 quarters
|
|
|
221
CO2 Energy Transition Corp Warrant
NOEMW
$691K
| $72.5K | 0.01% |
590,000
| – | – |
2025 Q1
5 quarters
|
|
222
Jackson Acquisition Co II Rights
JACS.RT
| $70.1K | 0.01% |
500,000
| – | – |
2025 Q1
5 quarters
|
|
223
FIGX Capital Acquisition Corp Warrant
FIGXW
| $70K | 0.01% |
250,000
| – | – |
2025 Q4
2 quarters
|
|
224
Mountain Lake Acquisition Corp II Warrants
MLAAW
$3.16M
| $67.5K | 0.01% |
+250,000
| New | +$94.7K |
2026 Q2
0 quarters
|
|
225
Social Commerce Partners Warrant
SCPQW
| $66.3K | 0.01% |
+150,000
| New | +$66.7K |
2026 Q2
0 quarters
|
|
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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.