MMCAP International Inc. SPC
Annual return '25
+13.7%
SPY '25
+17.7%
Alpha
-4.0ptsvs SPY
Invested
$1.2B
Holdings
136
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 98%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$ARIS
Aris Mining Corp
Q1 2026: Exited (was 13.80M shares)
16.2%
02
$ASTL
Algoma Steel Group Inc
Q1 2026: Exited (was 781.0k shares)
5.9%
03
$XNDU
XANADU QUANTUM TECHNOLO-CL B
Held since at least Q1 2024
5.4%
04
$NXE
NexGen Energy SEG
Q1 2026: Exited (was 2.43M shares)
3.2%
05
$DMII
Drugs Made In America Acquisit
Held since at least Q1 2024
3.0%
06
$NPAC
New Providence Acquisition Cor
Q1 2026: Exited (was 2.20M shares)
2.5%
07
$CRDL
Cardiol Therapeutics Inc
Q1 2026: Exited (was 209.0k shares)
2.3%
08
$FERA
Fifth Era Acquisition Corp I
Q1 2026: Exited (was 1.90M shares)
2.2%
09
$APTV
Aptiv PLC
Q1 2026: Exited (was 170.3k shares)
1.8%
10
$RDAG
Republic Digital Acquisition C
Q1 2026: Exited (was 1.57M shares)
1.8%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 09:28 UTC.