MI

MMCAP International Portfolio holdings

AUM $1.18B Turnover 49.73%
1-Year Est. Return 50.44%
This Fund
S&P 500
This Quarter Est. Return
+27.27%
1 Year Est. Return
+50.44%
3 Year Est. Return
+184.48%
5 Year Est. Return
+225.16%
10 Year Est. Return
–
AUM
$348M
AUM Growth
+$44.5M
Cap. Flow
-$15.3M
Cap. Flow %
-4.38%
Top 10 Hldgs %
85.84%
Holding
235
New
23
Increased
3
Reduced
7
Closed
38
Avg Time Held
1.4 years
Top 10 Avg Time Held
0.8 years
Top 20 Avg Time Held
0.5 years

Top Buys

Rank Stock Value
1
UEC icon
Uranium Energy
UEC
+$32.5M
2
ARIS icon
Aris Mining
ARIS
+$31.7M
3
USAR icon
USA Rare Earth Inc
USAR
+$10.2M
4
HYAC icon
Haymaker Acquisition Corp 4
HYAC
+$9.15M
5
OKLO icon
Oklo
OKLO
+$5.02M

Top Sells

Rank Stock Value
1
MBSC
M3-Brigade Acquisition III Corp.
MBSC
+$14.6M
2
UUUU icon
Energy Fuels
UUUU
+$12.6M
3
IPXXU icon
Inflection Point Acquisition Corp. II Unit
IPXXU
+$10.1M
4
PSQH icon
PSQ Holdings
PSQH
+$7.79M
5
MRT icon
Marti Technologies
MRT
+$7.18M

Sector Composition

Rank Sector Weight
1 Energy 44.75%
2 Materials 29.03%
3 Financials 17.73%
4 Utilities 3.22%
5 Healthcare 2.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
UEC icon
1
Uranium Energy
UEC
$3.82B
$110M 31.68%
21,427,711
+7,987,736
+59% +$32.5M
2022 Q1
6 quarters
URG icon
2
Ur-Energy
URG
$331M
$40.4M 11.6%
26,245,347
+307,016
+1% +$374K
2020 Q3
12 quarters
DNN icon
3
Denison Mines
DNN
$1.96B
$37.6M 10.8%
22,798,215
-2,287,705
-9% -$3.17M
2020 Q4
11 quarters
ARIS icon
4
Aris Mining
ARIS
$3.35B
$30.2M 8.66%
+13,239,071
New +$31.7M
2023 Q3
0 quarters
CVII icon
5
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$21.8M 6.27%
2,146,000
– –
2021 Q2
9 quarters
UUUU icon
6
Energy Fuels
UUUU
$2.21B
$20.1M 5.78%
2,450,463
-1,833,920
-43% -$12.6M
2022 Q2
5 quarters
OKLO icon
7
Oklo
OKLO
$5.4B
$11.2M 3.22%
1,084,669
+484,669
+81% +$5.02M
2021 Q3
8 quarters
USAR icon
8
USA Rare Earth Inc
USAR
$3.87B
$10.2M 2.93%
+1,000,000
New +$10.2M
2023 Q3
0 quarters
HYAC icon
9
DELISTED
Haymaker Acquisition Corp 4
HYAC
$9.15M 2.63%
+900,000
New +$9.15M
2023 Q3
0 quarters
NXE icon
10
NexGen Energy
NXE
$5.42B
$7.86M 2.26%
1,316,008
-514,777
-28% -$2.66M
2022 Q3
4 quarters
CCVI
11
DELISTED
Churchill Capital Corp VI
CCVI
$7.11M 2.04%
700,000
– –
2021 Q2
9 quarters
RENE icon
12
DELISTED
Cartesian Growth Corp II
RENE
$6.52M 1.87%
600,000
– –
2022 Q3
4 quarters
ACB icon
13
Aurora Cannabis
ACB
$264M
$4.66M 1.34%
+800,000
New +$4.65M
2023 Q3
0 quarters
APCA icon
14
DELISTED
AP Acquisition Corp
APCA
$3.23M 0.93%
300,000
– –
2022 Q1
6 quarters
SCRM icon
15
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$3.14M 0.9%
300,000
– –
2022 Q1
6 quarters
ALCY icon
16
DELISTED
Alchemy Investments Acquisition Corp 1
ALCY
$3.1M 0.89%
+300,000
New +$3.08M
2023 Q3
0 quarters
CRDL icon
17
Cardiol Therapeutics
CRDL
$139M
$2.64M 0.76%
2,953,300
– –
2021 Q4
7 quarters
BUJA icon
18
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
$2.59M 0.74%
+250,000
New +$2.56M
2023 Q3
0 quarters
PET icon
19
DELISTED
Wag!
PET
$1.84M 0.53%
944,540
-11,495
-1% -$24.6K
2021 Q3
8 quarters
MARX icon
20
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$1.84M 0.53%
175,000
– –
2023 Q2
1 quarter
KVAC icon
21
DELISTED
Keen Vision Acquisition Corp
KVAC
$1.53M 0.44%
+150,000
New +$1.52M
2023 Q3
0 quarters
TMTC icon
22
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$1.46M 0.42%
140,000
– –
2023 Q2
1 quarter
POET icon
23
POET Technologies
POET
$1.01B
$956K 0.27%
309,642
-86,458
-22% -$332K
2023 Q1
2 quarters
NNDM icon
24
Nano Dimension
NNDM
$594M
$858K 0.25%
315,376
-222,226
-41% -$645K
2023 Q1
2 quarters
NNAGU icon
25
DELISTED
99 Acquisition Group Inc Unit
NNAGU
$673K 0.19%
+65,000
New +$668K
2023 Q3
0 quarters
1
2 3 4 5

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MMCAP International's Q3 2023 Portfolio in Review

As of Q3 2023, MMCAP International held 235 positions worth $348M, up 15% from $304M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

MMCAP International withdrew a net $15.3M in Q3 2023, closing 38 positions and reducing 7 holdings. Its most notable exit was M3-Brigade Acquisition III Corp., an estimated $14.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 45% of assets, up from 28% a quarter earlier, followed by Materials and Financials.

Against the trend, MMCAP International opened a new position in Aris Mining worth $30.2M.

  • MMCAP International's largest Q3 2023 buy was Aris Mining: 13,239,071 shares worth $30.2M.
  • MMCAP International added most to Uranium Energy in Q3 2023, an estimated $32.5M increase.
  • MMCAP International's biggest Q3 2023 reduction was Energy Fuels, cutting an estimated $12.6M.
  • MMCAP International fully exited M3-Brigade Acquisition III Corp. in Q3 2023, selling an estimated $14.6M.
  • MMCAP International's ten largest holdings make up 86% of its $348M portfolio in Q3 2023.
  • MMCAP International opened 23 new positions and closed 38 in Q3 2023.
  • MMCAP International's portfolio value rose 15% quarter-over-quarter to $348M.

Based on MMCAP International's 13F filing for Q3 2023, filed 13 Nov 2023.