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
+22.55%
1 Year Est. Return
+50.44%
3 Year Est. Return
+184.48%
5 Year Est. Return
+225.16%
10 Year Est. Return
–
AUM
$860M
AUM Growth
+$28.4M
Cap. Flow
+$43.4M
Cap. Flow %
5.05%
Top 10 Hldgs %
43.92%
Holding
208
New
64
Increased
8
Reduced
10
Closed
36

Top Buys

Rank Stock Value
1
ASST icon
Strive Inc
ASST
+$88M
2
ARIS
Aris Mining
ARIS
+$40.8M
3
DMIIU
Drugs Made In America Acquisition II Corp Unit
DMIIU
+$26.9M
4
NPAC
New Providence Acquisition Corp III
NPAC
+$22.3M
5
SUIG
Sui Group Holdings
SUIG
+$21.6M

Top Sells

Rank Stock Value
1
UEC icon
Uranium Energy
UEC
+$137M
2
NPACU
New Providence Acquisition Corp III Units
NPACU
+$23M
3
CCCXU
Churchill Capital Corp X Unit
CCCXU
+$20.6M
4
FERAU
Fifth Era Acquisition Corp I Units
FERAU
+$19.8M
5
RDAGU
Republic Digital Acquisition Co Unit
RDAGU
+$16.7M

Sector Composition

Rank Sector Weight
1 Financials 43.73%
2 Materials 23.87%
3 Miscellaneous 14.24%
4 Energy 9.54%
5 Technology 3.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ARIS
1
Aris Mining
ARIS
$4.18B
$161M 18.74%
16,436,882
+5,112,295
+45% +$40.8M
ASTL icon
2
Algoma Steel
ASTL
$442M
$28.7M 3.34%
8,078,828
+860,610
+12% +$4.57M
UEC icon
3
Uranium Energy
UEC
$6.14B
$27.9M 3.24%
2,091,198
-13,691,772
-87% -$137M
DMIIU
4
Drugs Made In America Acquisition II Corp Unit
DMIIU
$26.9M 3.12%
+2,700,000
New +$26.9M
DNN icon
5
Denison Mines
DNN
$3.07B
$26.1M 3.04%
9,505,871
-3,906,413
-29% -$8.64M
ASST icon
6
Strive Inc
ASST
$1.95B
$25M 2.91%
+925,926
New +$88M
NPAC
7
New Providence Acquisition Corp III
NPAC
$401M
$22.4M 2.6%
+2,200,000
New +$22.3M
CCCX
8
DELISTED
Churchill Capital Corp X
CCCX
$20.3M 2.36%
+1,579,831
New +$16.7M
POET icon
9
POET Technologies
POET
$1.3B
$19.9M 2.31%
3,585,240
-2,309,144
-39% -$13M
FERA
10
Fifth Era Acquisition Corp I
FERA
$328M
$19.3M 2.25%
+1,900,000
New +$19.3M
SUIG
11
Sui Group Holdings
SUIG
$72.8M
$18.4M 2.14%
+4,771,507
New +$21.6M
RDAG
12
Republic Digital Acquisition Co
RDAG
$390M
$16M 1.86%
+1,565,000
New +$16.1M
VLOS
13
Velos Acquisition I Corp
VLOS
$253M
$15.8M 1.84%
1,500,000
– –
LPAA
14
Launch One Acquisition Corp
LPAA
$15.5M 1.81%
1,480,000
– –
CEPF
15
Cantor Equity Partners IV
CEPF
$592M
$15.3M 1.78%
+1,500,000
New +$15.2M
CCIX
16
DELISTED
Churchill Capital Corp IX
CCIX
$14.1M 1.65%
1,350,000
– –
IPCX
17
DELISTED
Inflection Point Acquisition Corp III
IPCX
$14.1M 1.64%
+1,400,000
New +$14.2M
EU
18
enCore Energy
EU
$249M
$13.9M 1.61%
4,316,838
+497,337
+13% +$1.34M
FAC
19
Factorial Energy Inc
FAC
$525M
$13.6M 1.58%
+1,350,000
New +$13.5M
GPAT
20
GP-Act III Acquisition Corp
GPAT
$13.5M 1.57%
1,275,000
– –
ALF
21
Centurion Acquisition Corp
ALF
$391M
$12.4M 1.44%
1,175,000
– –
WENN
22
Wen Acquisition Corp
WENN
$12.1M 1.41%
+1,200,000
New +$12.2M
MBVIU
23
M3-Brigade Acquisition VI Corp Units
MBVIU
$11.1M 1.29%
+1,100,000
New +$11.1M
FCRS.U
24
FutureCrest Acquisition Corp Units
FCRS.U
$10.6M 1.23%
+1,000,000
New +$10.5M
SIMA
25
SIM Acquisition Corp I
SIMA
$10.3M 1.2%
980,000
– –
1
2 3 4 5

Similar funds

NFG
Nadler Financial Group Deerfield, Illinois $1.18B AUM 22.34% 1-Year Est. Return
FSWA
Financial Synergies Wealth Advisors Houston, Texas $1.18B AUM 31.41% 1-Year Est. Return
CA
Cache Advisors San Francisco, California $1.18B AUM 44.04% 1-Year Est. Return
KBFS
Kohmann Bosshard Financial Services Fairlawn, Ohio $1.18B AUM 16.34% 1-Year Est. Return
TPI
Trust Point Inc La Crosse, Wisconsin $1.18B AUM 26.72% 1-Year Est. Return
TFA
Transamerica Financial Advisors St. Petersburg, Florida $1.18B AUM 31.24% 1-Year Est. Return
KCM
Knighthead Capital Management New York $1.18B AUM 54.89% 1-Year Est. Return
CF
Clarity Financial Houston, Texas $1.18B AUM 16.13% 1-Year Est. Return

MMCAP International's Q3 2025 Portfolio in Review

As of Q3 2025, MMCAP International held 208 positions worth $860M, up 3.4% from $831M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

MMCAP International deployed $43.4M of net new capital in Q3 2025, opening 64 new positions and adding to 8 existing holdings. Its largest new stake was Strive Inc: 925,926 shares worth $25M.

By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 24% a quarter earlier, followed by Materials and Miscellaneous.

On the sell side, the largest reduction was Uranium Energy, an estimated $137M trimmed.

  • MMCAP International's largest Q3 2025 buy was Strive Inc: 925,926 shares worth $25M.
  • MMCAP International added most to Aris Mining in Q3 2025, an estimated $40.8M increase.
  • MMCAP International's biggest Q3 2025 reduction was Uranium Energy, cutting an estimated $137M.
  • MMCAP International fully exited New Providence Acquisition Corp III Units in Q3 2025, selling an estimated $23M.
  • MMCAP International's ten largest holdings make up 44% of its $860M portfolio in Q3 2025.
  • MMCAP International opened 64 new positions and closed 36 in Q3 2025.
  • MMCAP International's portfolio value rose 3.4% quarter-over-quarter to $860M.

Based on MMCAP International's 13F filing for Q3 2025, filed 10 Nov 2025.