Mudrick Capital Management, L.P. — Q4 2025 13F-HR

← Mudrick Capital Management, L.P.

Q4 2025 · 13F-HR

Mudrick Capital Management, L.P.holdings as filed

Filed 2026-02-17 · accession 0001814554-26-000032

$370.2M

Reported value

Positions

2025-12-31

Period end

View analyzed profile →PRO

The Brief · Mudrick Capital Management, L.P. · Q4 2025

AI · grounded in 13F

Mudrick Capital Management, L.P. closed its position in LUMINAR TECHNOLOGIES INC [[stock:LAZR 11.5 01/15/30]], reducing its holdings by $6.8M. The fund also exited its position in LUMINAR TECHNOLOGIES INC LAZRQ, a move totaling $1.5M. Additionally, the fund accumulated shares of VERTICAL AEROSPACE LTD, increasing that position by 1.2%.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
G9471C206	EVTL	VERTICAL AEROSPACE LTD	$291.3M	78.7%	54,659,585	Common	SOLE
92918V307	VRM	VROOM, INC. CMN	$78.9M	21.3%	3,967,251	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.