Q1 2026 · 13F-HR
MMCAP International Inc. SPCholdings as filed
Filed 2026-05-15 · accession 0000912282-26-000731
$1.16B
Reported value
244
Positions
2026-03-31
Period end
The Brief · MMCAP International Inc. SPC · Q1 2026
AI · grounded in 13F
MMCAP International Inc. SPC established a new position in XNDU worth $48.1M. The fund also opened new stakes in DMII for $26.9M and MZYX/U for $17.4M. Offsets included closing its position in DMIIU for a loss of $27.0M and trimming its holding in UEC by 97.4%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 04040Y109 | ARIS | Aris Mining Corp | $145.2M | 12.5% | 7,815,142 | Common | SOLE |
| 015658107 | ASTL | Algoma Steel Group Inc | $53.1M | 4.58% | 12,845,622 | Common | SOLE |
| 98390R102 | XNDU | XANADU QUANTUM TECHNOLO-CL B | $48.1M | 4.15% | 6,875,000 | Common | SOLE |
| 65340P106 | NXE | NexGen Energy SEG | $28.2M | 2.43% | 2,429,898 | Common | SOLE |
| G2131A124 | CCXIU | Churchill Capital Corp XI | $27.7M | 2.39% | 2,700,000 | Common | SOLE |
| G2851K104 | DMII | Drugs Made In America Acquisit | $26.9M | 2.32% | 2,700,000 | Common | SOLE |
| G6476A102 | NPAC | New Providence Acquisition Cor | $22.6M | 1.95% | 2,200,000 | Common | SOLE |
| 14161Y200 | CRDL | Cardiol Therapeutics Inc | $20.7M | 1.79% | 15,352,317 | Common | SOLE |
| G3415K101 | FERA | Fifth Era Acquisition Corp I | $19.6M | 1.69% | 1,900,000 | Common | SOLE |
| G63113123 | MZYX/U | MOZAYYX Acquisition Corp | $17.4M | 1.50% | 1,750,000 | Common | SOLE |
| G4727U126 | IACOU | Idea Acquisition Corp | $17.3M | 1.50% | 1,750,000 | Common | SOLE |
| G3265R107 | APTV | Aptiv PLC | $16.2M | 1.40% | 233,092 | Common | SOLE |
| G7515A103 | RDAG | Republic Digital Acquisition C | $16.0M | 1.38% | 1,565,000 | Common | SOLE |
| G5S86M100 | LPAA | Launch One Acquisition Corp | $15.9M | 1.37% | 1,480,000 | Common | SOLE |
| G1828E100 | CEPF | Cantor Equity Partners IV Inc | $15.3M | 1.32% | 1,500,000 | Common | SOLE |
| G4790S123 | IPFXU | Inflection Point Acquisition C | $15.2M | 1.31% | 1,500,000 | Common | SOLE |
| G6032N127 | MESHU | Meshflow Acquisition Corp | $14.9M | 1.29% | 1,500,000 | Common | SOLE |
| 46283H202 | IRHOU | Iron Horse Acquisition II Corp | $14.9M | 1.29% | 1,500,000 | Common | SOLE |
| G7310E128 | QADRU | QDRO Acquisition Corp | $14.9M | 1.28% | 1,500,000 | Common | SOLE |
| G47875102 | IPCX | Inflection Point Acquisition C | $14.3M | 1.23% | 1,400,000 | Common | SOLE |
| G4365S128 | HACQU | HCM IV Acquisition Corp | $14.0M | 1.21% | 1,400,000 | Common | SOLE |
| G19307100 | CGCT | CARTESIAN GROWTH CORP III | $13.8M | 1.20% | 1,350,000 | Common | SOLE |
| G4035N103 | GPAT | GP-Act III Acquisition Corp | $13.8M | 1.19% | 1,275,000 | Common | SOLE |
| 858119100 | STLD | Steel Dynamics Inc | $13.3M | 1.15% | 73,908 | Common | SOLE |
| G20315100 | ALF | Centurion Acquisition Corp | $12.6M | 1.09% | 1,175,000 | Common | SOLE |
| G9R39C103 | WENN | Wen Acquisition Corp | $12.2M | 1.05% | 1,200,000 | Common | SOLE |
| G1828S109 | CEPV | Cantor Equity Partners V Inc | $12.1M | 1.05% | 1,200,000 | Common | SOLE |
| G01900201 | ALOVU | Aldabra 4 Liquidity Opportunit | $11.9M | 1.03% | 1,200,000 | Common | SOLE |
| G63221108 | MBVI | M3-Brigade Acquisition VI Corp | $11.1M | 0.95% | 1,100,000 | Common | SOLE |
| 861012102 | STM | STMicroelectronics NV | $10.7M | 0.92% | 309,925 | Common | SOLE |
| G5501C109 | CUB | Lionheart Holdings | $10.5M | 0.91% | 980,000 | Common | SOLE |
| G8431T101 | SIMA | SIM Acquisition Corp I | $10.5M | 0.91% | 980,000 | Common | SOLE |
| G81354105 | SBXD | Silverbox Corp IV | $10.5M | 0.91% | 980,000 | Common | SOLE |
| G92ALM124 | UAC/U | United Acquisition Corp I | $10.4M | 0.90% | 1,050,000 | Common | SOLE |
| G4375F108 | HYAC | Haymaker Acquisition Corp 4 | $10.4M | 0.90% | 900,000 | Common | SOLE |
| 248356107 | DNN | Denison Mines Corp | $10.1M | 0.87% | 2,857,531 | Common | SOLE |
| G4365E103 | HCMA | HCM III Acquisition Corp | $10.1M | 0.87% | 1,000,000 | Common | SOLE |
| G3730U107 | FCRS | FutureCrest Acquisition Corp | $10.1M | 0.87% | 1,000,000 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co | $10.1M | 0.87% | 411,384 | Common | SOLE |
| G9009S103 | BLZR | Trailblazer Acquisition Corp | $10.1M | 0.87% | 1,000,000 | Common | SOLE |
| G6001S123 | LPCVU | Launchpad Cadenza Acquisition | $10.0M | 0.86% | 1,000,000 | Common | SOLE |
| G0R91M121 | ADACU | American Drive Acquisition Co | $10.0M | 0.86% | 1,000,000 | Common | SOLE |
| 37045V100 | GM | General Motors Co | $10.0M | 0.86% | 134,016 | Common | SOLE |
| 83304A106 | SNAP | Snap Inc | $9.0M | 0.78% | 1,958,828 | Common | SOLE |
| G4036C106 | GRAF | Graf Global Corp | $8.9M | 0.77% | 830,000 | Common | SOLE |
| 73044W302 | POET | POET Technologies Inc | $8.9M | 0.77% | 1,494,038 | Common | SOLE |
| 59982U200 | SUIG | Sui Group Holdings Ltd | $8.0M | 0.69% | 6,650,751 | Common | SOLE |
| G4977S128 | ITHAU | ITHAX Acquisition Corp III | $8.0M | 0.69% | 800,000 | Common | SOLE |
| G1828A108 | CAEP | Cantor Equity Partners III Inc | $7.7M | 0.67% | 750,000 | Common | SOLE |
| G7117W107 | PACH | Pioneer Acquisition I Corp | $7.6M | 0.66% | 750,000 | Common | SOLE |
| G6858G107 | OBA | Oxley Bridge Acquisition Ltd | $7.6M | 0.66% | 750,000 | Common | SOLE |
| G8148S123 | SBXE/U | SilverBox Corp V | $7.6M | 0.65% | 750,000 | Common | SOLE |
| G2616T127 | DBCAU | D Boral Acquisition I Corp | $7.5M | 0.65% | 750,000 | Common | SOLE |
| 29259W700 | EU | Encore Energy Corp | $7.5M | 0.65% | 4,163,436 | Common | SOLE |
| G4002F109 | GTEN | Gores Holdings X Inc | $7.2M | 0.62% | 700,000 | Common | SOLE |
| G0273J101 | AEXA | American Exceptionalism Acquis | $6.8M | 0.59% | 631,494 | Common | SOLE |
| G25014104 | CRAN | Crane Harbor Acquisition Corp | $6.4M | 0.56% | 650,000 | Common | SOLE |
| G26745102 | POLE | Andretti Acquisition Corp II | $6.2M | 0.53% | 580,000 | Common | SOLE |
| 12664M103 | NOEM | CO2 Energy Transition Corp | $6.1M | 0.53% | 590,000 | Common | SOLE |
| G8377G121 | SVIVU | Spring Valley Acquisition Corp | $6.1M | 0.53% | 600,000 | Common | SOLE |
| G6757R105 | ONCH | 1RT Acquisition Corp | $6.1M | 0.53% | 600,000 | Common | SOLE |
| 184492106 | ZONE | Cleancore Solutions Inc | $6.0M | 0.52% | 16,867,613 | Common | SOLE |
| G4940M125 | IRAB/U | Iris Acquisition Corp II | $6.0M | 0.52% | 600,000 | Common | SOLE |
| G63212107 | MBAV | M3-Brigade Acquisition V Corp | $5.9M | 0.51% | 550,000 | Common | SOLE |
| 03938L203 | MT | ArcelorMittal SA | $5.5M | 0.48% | 105,870 | Common | SOLE |
| 820014405 | SBET | SHARPLINK INC | $5.2M | 0.45% | 807,600 | Common | SOLE |
| G5S87A105 | LPBB | Launch Two Acquisition Corp | $5.1M | 0.44% | 480,000 | Common | SOLE |
| G3473K100 | FIGX | FIGX Capital Acquisition Corp | $5.0M | 0.44% | 500,000 | Common | SOLE |
| G1871M124 | CAQUU | Cambridge Acquisition Corp | $5.0M | 0.43% | 500,000 | Common | SOLE |
| G6301L125 | MLAAU | Mountain Lake Acquisition Corp | $5.0M | 0.43% | 500,000 | Common | SOLE |
| 74319B502 | PROF | Profound Medical Corp | $4.8M | 0.42% | 745,152 | Common | SOLE |
| G6439S109 | NTWO | Newbury Street II Acquisition | $4.7M | 0.41% | 450,000 | Common | SOLE |
| 61945C103 | MOS | Mosaic Co/The | $4.2M | 0.37% | 165,973 | Common | SOLE |
| G1828R101 | CEPS | Cantor Equity Partners VI Inc | $4.0M | 0.35% | 400,000 | Common | SOLE |
| G1352R121 | BLRKU | Bluerock Acquisition Corp | $4.0M | 0.35% | 400,000 | Common | SOLE |
| G6071J128 | MEVOU | M Evo Global Acquisition Corp | $4.0M | 0.35% | 400,000 | Common | SOLE |
| G9145D101 | TWLV | Twelve Seas Investment Co III | $3.9M | 0.34% | 400,000 | Common | SOLE |
| 099724106 | BWA | BorgWarner Inc | $3.9M | 0.33% | 71,075 | Common | SOLE |
| G9008W105 | TDAC | Translational Development Acqu | $3.7M | 0.32% | 350,000 | Common | SOLE |
| G1R59W127 | BHAVU | BHAV Acquisition Corp | $3.5M | 0.30% | 350,000 | Common | SOLE |
| G0579E129 | ARTCU | Art Technology Acquisition Cor | $3.5M | 0.30% | 352,300 | Common | SOLE |
| 09173B107 | 1B2 | Bitfarms Ltd/Canada | $3.3M | 0.29% | 1,695,298 | Common | SOLE |
| G8254P129 | SCPQU | Social Commerce Partners Corp | $3.0M | 0.26% | 300,000 | Common | SOLE |
| G93A7H104 | VACH | Voyager Acquisition Corp | $3.0M | 0.26% | 250,000 | Common | SOLE |
| G0453R121 | ARCIU | Archimedes Tech SPAC Partners | $3.0M | 0.26% | 300,000 | Common | SOLE |
| G2296M111 | CMIIU | Columbus Circle Capital Corp I | $3.0M | 0.26% | 300,000 | Common | SOLE |
| G8775A122 | MUZEU | Muzero Acquisition Corp | $3.0M | 0.26% | 300,000 | Common | SOLE |
| G8475V103 | SVCC | Stellar V Capital Corp | $2.9M | 0.25% | 280,000 | Common | SOLE |
| G1331A108 | BACC | Blue Acquisition Corp | $2.6M | 0.22% | 250,000 | Common | SOLE |
| G5490M100 | LWAC | Lightwave Acquisition Corp | $2.5M | 0.22% | 250,000 | Common | SOLE |
| 22717L101 | CRON | Cronos Group Inc | $2.5M | 0.22% | 999,490 | Common | SOLE |
| G1154S129 | BIII/U | Black Spade Acquisition III Co | $2.5M | 0.22% | 250,000 | Common | SOLE |
| G7375J103 | RNGT | Range Capital Acquisition Corp | $2.5M | 0.22% | 250,000 | Common | SOLE |
| G7318R121 | LEGO/U | Legato Merger Corp IV | $2.5M | 0.22% | 250,000 | Common | SOLE |
| G9831H127 | XCBEU | X3 Acquisition Corp Ltd | $2.5M | 0.21% | 250,000 | Common | SOLE |
| 39959A205 | UPXI | Upexi Inc | $2.3M | 0.20% | 2,326,777 | Common | SOLE |
| 927926303 | VGZ | Vista Gold Corp | $2.2M | 0.19% | 1,140,000 | Common | SOLE |
| 023634207 | NWAX/U | New America Acquisition I Corp | $2.2M | 0.19% | 209,726 | Common | SOLE |
| M2573A106 | ZOOZ | ZOOZ Strategy Ltd | $2.1M | 0.18% | 7,000,000 | Common | SOLE |
| G6486E102 | NHIC | NewHold Investment Corp III | $2.1M | 0.18% | 200,000 | Common | SOLE |
| G1368E106 | BLUW | Blue Water Acquisition Corp II | $2.1M | 0.18% | 200,000 | Common | SOLE |
| 143130102 | KMX | CarMax Inc | $2.0M | 0.18% | 49,257 | Common | SOLE |
| G8375S127 | SAAQU | Space Asset Acquisition Corp | $2.0M | 0.18% | 200,000 | Common | SOLE |
| G6861F104 | OYSE | Oyster Enterprises II Acquisit | $2.0M | 0.18% | 200,000 | Common | SOLE |
| G0081J129 | AEAQU | Activate Energy Acquisition Co | $2.0M | 0.17% | 200,000 | Common | SOLE |
| G2616C124 | DSACU | Daedalus Special Acquisition C | $2.0M | 0.17% | 200,000 | Common | SOLE |
| G3226F101 | EVOX | Evolution Global Acquisition C | $2.0M | 0.17% | 200,000 | Common | SOLE |
| 22890A302 | ORBS | Eightco Holdings Inc | $1.9M | 0.17% | 2,054,795 | Common | SOLE |
| 45676K111 | INFQ/WS | Infleqtion Inc | $1.9M | 0.16% | 430,970 | Common | SOLE |
| G3852D107 | GSHR | Gesher Acquisition Corp II | $1.8M | 0.16% | 175,000 | Common | SOLE |
| G42386121 | HCACU | Hall Chadwick Acquisition Corp | $1.8M | 0.15% | 175,000 | Common | SOLE |
| G2086N105 | CHEC | Chenghe Acquisition III Co | $1.5M | 0.13% | 150,000 | Common | SOLE |
| G5414D129 | LFACU | Leapfrog Acquisition Corp | $1.5M | 0.13% | 150,000 | Common | SOLE |
| G1143H101 | BIXI | Bitcoin Infrastructure Acquisi | $1.5M | 0.13% | 150,000 | Common | SOLE |
| 192108504 | CDE | Coeur MNG INC | $1.4M | 0.12% | 75,000 | Common | SOLE |
| 86765Q106 | SUNC | Sunococorp LLC | $1.4M | 0.12% | 22,755 | Common | SOLE |
| G04537109 | ATII | Archimedes Tech SPAC Partners | $1.3M | 0.11% | 125,000 | Common | SOLE |
| G1069P103 | BSAA | BEST SPAC I Acquisition Corp | $1.3M | 0.11% | 125,000 | Common | SOLE |
| 862945300 | ASST | Strive Inc | $1.2M | 0.11% | 122,480 | Common | SOLE |
| 39525U107 | GFR | Greenfire Resources Ltd | $1.2M | 0.10% | 182,309 | Common | SOLE |
| G5451A103 | LEGT | Legato Merger Corp III | $1.1M | 0.09% | 100,000 | Common | SOLE |
| G21301109 | CCIX | Churchill Capital Corp IX | $1.1M | 0.09% | 100,000 | Common | SOLE |
| 336433107 | FSLR | First Solar Inc | $1.0M | 0.09% | 5,298 | Common | SOLE |
| G7257A105 | PCAP | ProCap Acquisition Corp | $1.0M | 0.09% | 100,000 | Common | SOLE |
| G9675K129 | WLIIU | Willow Lane Acquisition Corp I | $1.0M | 0.09% | 100,000 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City L | $1.0M | 0.09% | 12,800 | Common | SOLE |
| G8303R126 | TMTSU | Spartacus Acquisition Corp II | $1.0M | 0.09% | 100,000 | Common | SOLE |
| G44055112 | HCICU | Hennessy Capital Investment Co | $1.0M | 0.09% | 100,000 | Common | SOLE |
| G3R25N108 | LATA | Galata Acquisition Corp II | $999,000 | 0.09% | 100,000 | Common | SOLE |
| H5870P110 | OCSAW | Oculis Holding AG | $949,325 | 0.08% | 73,025 | Common | SOLE |
| 125269100 | CF | CF Industries Holdings Inc | $911,736 | 0.08% | 7,022 | Common | SOLE |
| 92528V200 | VMET | Versamet Royalties Corp | $883,670 | 0.08% | 93,100 | Common | SOLE |
| 95805V108 | WRN | Western Copper & Gold Corp | $850,657 | 0.07% | 335,130 | Common | SOLE |
| G8662J111 | TDWD | Tailwind 2.0 Acquisition Corp | $744,000 | 0.06% | 75,000 | Common | SOLE |
| G470AU126 | ILLUU | Illumination Acquisition Corp | $744,000 | 0.06% | 75,000 | Common | SOLE |
| G3415K135 | FERAR | Fifth Era Acquisition Corp I | $570,000 | 0.05% | 1,900,000 | Common | SOLE |
| G8T088125 | SSACU | SPACSphere Acquisition Corp | $503,500 | 0.04% | 50,000 | Common | SOLE |
| 30054B107 | EMAT | Evolution Metals & Technologie | $493,350 | 0.04% | 65,000 | Common | SOLE |
| G47875110 | IPCXR | Inflection Point Acquisition C | $490,000 | 0.04% | 1,400,000 | Common | SOLE |
| G19307126 | CGCTW | CARTESIAN GROWTH CORP III | $459,000 | 0.04% | 675,000 | Common | SOLE |
| M0740A116 | DRTSW | Alpha Tau Medical Ltd | $447,622 | 0.04% | 447,622 | Common | SOLE |
| 916896103 | UEC | Uranium Energy Corp | $436,523 | 0.04% | 32,335 | Common | SOLE |
| 46438R105 | ETHA | iShares Ethereum Trust ETF | $395,750 | 0.03% | 25,000 | Common | SOLE |
| G2662B111 | CRMLW | Critical Metals Corp | $366,684 | 0.03% | 105,369 | Common | SOLE |
| X3R81D110 | AFRIW | Forafric Global PLC | $364,890 | 0.03% | 518,900 | Common | SOLE |
| G7515A129 | RDAGW | Republic Digital Acquisition C | $344,222 | 0.03% | 782,500 | Common | SOLE |
| 092915115 | BZAIW | Blaize Holdings Inc | $285,000 | 0.02% | 750,000 | Common | SOLE |
| 881454102 | IMSR | Terrestrial Energy Inc | $265,895 | 0.02% | 44,279 | Common | SOLE |
| 668771116 | GENVR | Gen Digital Inc | $255,427 | 0.02% | 542,308 | Common | SOLE |
| G8431T119 | SIMAW | SIM Acquisition Corp I | $247,500 | 0.02% | 990,000 | Common | SOLE |
| 83411A205 | STKE | Sol Strategies Inc | $244,481 | 0.02% | 250,000 | Common | SOLE |
| 64440N103 | NFGC | New Found Gold Corp | $232,050 | 0.02% | 119,523 | Common | SOLE |
| 926711300 | QXL | ViewBix Inc | $227,930 | 0.02% | 115,995 | Common | SOLE |
| G2851K112 | DMIIR | Drugs Made In America Acquisit | $216,000 | 0.02% | 2,700,000 | Common | SOLE |
| G75398118 | RZLVW | Rezolve AI PLC | $215,625 | 0.02% | 250,000 | Common | SOLE |
| 80401C118 | SATLW | Satellogic Inc | $199,999 | 0.02% | 166,666 | Common | SOLE |
| G9R39C111 | WENNW | Wen Acquisition Corp | $192,300 | 0.02% | 600,000 | Common | SOLE |
| 01861F110 | AENTW | Alliance Entertainment Holding | $176,429 | 0.02% | 294,000 | Common | SOLE |
| G20315118 | ALFUW | Centurion Acquisition Corp | $152,831 | 0.01% | 1,237,500 | Common | SOLE |
| G21301117 | CCIXW | Churchill Capital Corp IX | $151,875 | 0.01% | 337,500 | Common | SOLE |
| G4365E111 | HCMAW | HCM III Acquisition Corp | $150,000 | 0.01% | 333,333 | Common | SOLE |
| G3730U115 | FCRS/WS | FutureCrest Acquisition Corp | $147,500 | 0.01% | 250,000 | Common | SOLE |
| G4035N129 | GPATW | GP-Act III Acquisition Corp | $145,458 | 0.01% | 1,037,500 | Common | SOLE |
| G6476A110 | NPACW | New Providence Acquisition Cor | $139,333 | 0.01% | 733,333 | Common | SOLE |
| G5S86M126 | LPAAW | Launch One Acquisition Corp | $136,620 | 0.01% | 990,000 | Common | SOLE |
| G9009S111 | BLZRW | Trailblazer Acquisition Corp | $132,233 | 0.01% | 333,333 | Common | SOLE |
| G63221116 | MBVIW | M3-Brigade Acquisition VI Corp | $126,536 | 0.01% | 366,666 | Common | SOLE |
| G25014112 | CRANR | Crane Harbor Acquisition Corp | $117,000 | 0.01% | 650,000 | Common | SOLE |
| G5501C117 | CUBWW | Lionheart Holdings | $113,949 | 0.01% | 990,000 | Common | SOLE |
| G63212115 | MBAVW | M3-Brigade Acquisition V Corp | $104,307 | 0.01% | 349,671 | Common | SOLE |
| 12664M129 | NOEMR | CO2 Energy Transition Corp | $100,300 | 0.01% | 590,000 | Common | SOLE |
| G4002F125 | GTENW | Gores Holdings X Inc | $98,000 | 0.01% | 175,000 | Common | SOLE |
| 817323405 | SQNS | Sequans Communications SA | $95,710 | 0.01% | 37,830 | Common | SOLE |
| 73245B115 | SBCWW | SBC Medical Group Holdings Inc | $90,750 | 0.01% | 330,000 | Common | SOLE |
| G5S87A113 | LPBBW | Launch Two Acquisition Corp | $76,489 | 0.01% | 490,000 | Common | SOLE |
| G1331A116 | BACCR | Blue Acquisition Corp | $75,000 | 0.01% | 250,000 | Common | SOLE |
| G6858G115 | OBAWW | Oxley Bridge Acquisition Ltd | $75,000 | 0.01% | 375,000 | Common | SOLE |
| G81354121 | SBXD/WS | Silverbox Corp IV | $73,141 | 0.01% | 326,666 | Common | SOLE |
| G3473K118 | FIGXW | FIGX Capital Acquisition Corp | $67,550 | 0.01% | 250,000 | Common | SOLE |
| G7117W115 | PACHW | Pioneer Acquisition I Corp | $67,500 | 0.01% | 375,000 | Common | SOLE |
| 12664M111 | NOEMW | CO2 Energy Transition Corp | $64,900 | 0.01% | 590,000 | Common | SOLE |
| G6757R113 | ONCHW | 1RT Acquisition Corp | $64,515 | 0.01% | 150,000 | Common | SOLE |
| G9145D119 | TWLVR | Twelve Seas Investment Co III | $60,080 | 0.01% | 400,000 | Common | SOLE |
| G4992A136 | JACS-R | Jackson Acquisition Co II | $57,800 | 0.00% | 500,000 | Common | SOLE |
| G0231P108 | ALPS | Alps Group Inc | $54,000 | 0.00% | 54,000 | Common | SOLE |
| G4036C122 | GRAF/WS | Graf Global Corp | $53,908 | 0.00% | 415,000 | Common | SOLE |
| G1368E114 | BLUWW | Blue Water Acquisition Corp II | $50,000 | 0.00% | 100,000 | Common | SOLE |
| G7375J111 | RNGTW | Range Capital Acquisition Corp | $44,838 | 0.00% | 125,000 | Common | SOLE |
| G1152A120 | FUFUW | BitFuFu Inc | $41,250 | 0.00% | 330,000 | Common | SOLE |
| G6486E110 | NHICW | NewHold Investment Corp III | $41,000 | 0.00% | 100,000 | Common | SOLE |
| G6439S117 | NTWOW | Newbury Street II Acquisition | $40,500 | 0.00% | 225,000 | Common | SOLE |
| G3226F119 | EVOXW | Evolution Global Acquisition C | $40,000 | 0.00% | 100,000 | Common | SOLE |
| 03464C205 | AEC | Anfield Energy Inc | $39,579 | 0.00% | 6,787 | Common | SOLE |
| G5568L117 | LZM/WS | Lifezone Metals Ltd | $34,905 | 0.00% | 69,810 | Common | SOLE |
| 36118R103 | FUSE | Fusemachines Inc | $33,184 | 0.00% | 35,000 | Common | SOLE |
| G26745128 | POLEW | Andretti Acquisition Corp II | $31,987 | 0.00% | 290,000 | Common | SOLE |
| G04537125 | ATIIW | Archimedes Tech SPAC Partners | $31,875 | 0.00% | 62,500 | Common | SOLE |
| G8316B118 | SPKLW | Spark I Acquisition Corp | $31,500 | 0.00% | 175,000 | Common | SOLE |
| G8475V111 | SVCCW | Stellar V Capital Corp | $30,814 | 0.00% | 140,000 | Common | SOLE |
| G5490M126 | LWACW | Lightwave Acquisition Corp | $30,013 | 0.00% | 125,000 | Common | SOLE |
| 40472A128 | EONR/WS | EON Resources Inc | $29,252 | 0.00% | 257,500 | Common | SOLE |
| 020952115 | AMODW | Alpha Modus Holdings Inc | $26,401 | 0.00% | 588,000 | Common | SOLE |
| 26145B114 | DFLIW | Dragonfly Energy Holdings Corp | $26,257 | 0.00% | 675,000 | Common | SOLE |
| G5451A111 | LEGT/WS | Legato Merger Corp III | $25,000 | 0.00% | 50,000 | Common | SOLE |
| G6861F138 | OYSER | Oyster Enterprises II Acquisit | $25,000 | 0.00% | 200,000 | Common | SOLE |
| 63911H116 | KITTW | Nauticus Robotics Inc | $24,750 | 0.00% | 500,000 | Common | SOLE |
| G0232F133 | ALCWF | Alchemy Investments Acquisitio | $24,000 | 0.00% | 150,000 | Common | SOLE |
| G3852D115 | GSHRW | Gesher Acquisition Corp II | $22,969 | 0.00% | 87,500 | Common | SOLE |
| G1143H119 | BIXIW | Bitcoin Infrastructure Acquisi | $22,275 | 0.00% | 75,000 | Common | SOLE |
| 88165K119 | TVGNW | Tevogen Bio Holdings Inc | $22,035 | 0.00% | 650,000 | Common | SOLE |
| G9008W113 | TDACW | Translational Development Acqu | $21,000 | 0.00% | 175,000 | Common | SOLE |
| G63369113 | MRNOW | Murano Global Investments PLC | $20,000 | 0.00% | 500,000 | Common | SOLE |
| G1069P129 | BSAAR | BEST SPAC I Acquisition Corp | $19,925 | 0.00% | 125,000 | Common | SOLE |
| 29103K118 | FLDDW | Fold Holdings Inc | $19,250 | 0.00% | 175,000 | Common | SOLE |
| 92919Y110 | VSEEW | VSee Health Inc | $18,900 | 0.00% | 500,000 | Common | SOLE |
| G93A7H112 | VACHW | Voyager Acquisition Corp | $18,875 | 0.00% | 125,000 | Common | SOLE |
| G2086N121 | CHECW | Chenghe Acquisition III Co | $18,000 | 0.00% | 75,000 | Common | SOLE |
| G7606H116 | RDZNW | Roadzen Inc | $16,800 | 0.00% | 150,000 | Common | SOLE |
| G8662J129 | TDWDR | Tailwind 2.0 Acquisition Corp | $14,250 | 0.00% | 75,000 | Common | SOLE |
| 351665112 | FOXXW | Foxx Development Holdings Inc | $14,032 | 0.00% | 160,000 | Common | SOLE |
| 36118R111 | FUSEW | Fusemachines Inc | $13,125 | 0.00% | 175,000 | Common | SOLE |
| 68218J111 | OABIW | OmniAb Inc | $12,667 | 0.00% | 158,333 | Common | SOLE |
| 74449F118 | PBMWW | Psyence Biomedical Ltd | $10,920 | 0.00% | 600,000 | Common | SOLE |
| G7257A121 | PCAPW | ProCap Acquisition Corp | $10,667 | 0.00% | 33,333 | Common | SOLE |
| 08178Q119 | BENFW | Beneficient | $10,500 | 0.00% | 750,000 | Common | SOLE |
| 95758L115 | CYCUW | Cycurion Inc | $10,450 | 0.00% | 500,000 | Common | SOLE |
| 91733P107 | USAR | USA Rare Earth Inc | $10,398 | 0.00% | 687 | Common | SOLE |
| G3R25N116 | LATAW | Galata Acquisition Corp II | $10,003 | 0.00% | 33,333 | Common | SOLE |
| 98944F117 | ZEOWW | Zeo Energy Corp | $8,038 | 0.00% | 195,575 | Common | SOLE |
| 456948116 | MSAIW | MultiSensor AI Holdings Inc | $6,852 | 0.00% | 175,250 | Common | SOLE |
| M6000J127 | HUBCW | Hub Cyber Security Ltd | $6,293 | 0.00% | 898,991 | Common | SOLE |
| 20678X114 | CDTTW | CDT Equity Inc | $5,810 | 0.00% | 700,000 | Common | SOLE |
| M9607U107 | VLN/WS | Valens Semiconductor Ltd | $5,566 | 0.00% | 214,067 | Common | SOLE |
| G8267K117 | SMXWW | SMX Security Matters PLC | $5,550 | 0.00% | 125,000 | Common | SOLE |
| G0544E113 | NIVFW | NewGenIvf Group Ltd | $5,250 | 0.00% | 375,000 | Common | SOLE |
| 06682J118 | BNZIW | Banzai International Inc | $4,617 | 0.00% | 352,409 | Common | SOLE |
| G52443127 | KVACW | Keen Vision Acquisition Corp | $4,500 | 0.00% | 150,000 | Common | SOLE |
| 53271X116 | LIMNW | Liminatus Pharma Inc | $4,470 | 0.00% | 111,745 | Common | SOLE |
| G0411D115 | APLMW | Apollomics Inc | $3,800 | 0.00% | 250,000 | Common | SOLE |
| 182744110 | KIDZW | Classover Holdings Inc | $3,094 | 0.00% | 187,500 | Common | SOLE |
| G38617117 | GIBOW | GIBO Holdings Ltd | $2,813 | 0.00% | 125,000 | Common | SOLE |
| 171756117 | DAICW | CID Holdco Inc | $2,650 | 0.00% | 100,000 | Common | SOLE |
| G1331C112 | BGLWW | Blue Gold Ltd | $2,500 | 0.00% | 12,500 | Common | SOLE |
| 86887P119 | BNCWW | CEA Industries WTS $15.15 Sep 19 2028 | $239 | 0.00% | 742,575 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.