MMCAP International Inc. SPC
•CIK: 1304857•Filing: Q4 2025
**MMCAP International Inc. SPC** manages $1.0B across a diversified portfolio of 208 positions. The fund exhibits significant concentration in select names, notably maintaining a substantial position in ARIS at $224.4M. Further notable allocations include ASTL ($47.1M) and WRB-PH, which appears twice in the top holdings list, suggesting a focused, conviction-driven approach. This structure indicates active, large-scale capital deployment across key market segments.
Total AUM
$1.0B
QoQ Performance
+16.4%
Positions
161
Top 10 Concentration
44.1%
Latest Filing
Q4 2025
Top Holdings Allocation
ARIS
ARIS22.4%
ASTL4.7%
Churchill2.8%
Drugs2.7%
New2.3%
NXE2.2%
Fifth2.0%
DML1.9%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
—
Churchill Capital Corp X
SOLD
$20.3M
—
M3-Brigade Acquisition VI Corp
SOLD
$11.1M
—
FutureCrest Acquisition Corp
SOLD
$10.6M
—
HCM III Acquisition Corp
SOLD
$10.3M
—
Trailblazer Acquisition Corp
SOLD
$10.2M
+24 more exited positions
Changes from Q3 2025
NEW57 new positions
↑12 increased
↓21 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023