MMCAP International Inc. SPC
SEC Form 13F institutional filer · CIK 0001304857
13F-HR · 8 reported holdings · 2026-03-31
Reported long-US-equity value
$0.06B
Top-10 concentration
100.0%
MMCAP International Inc. SPC — $56M AUM allocation strategy
MMCAP International Inc. SPC files SEC Form 13F and reports $56M of long US equity value across 8 reported holdings for 2026-03-31.
Its largest sector bet is Consumer Discretionary 46.8%, followed by Materials 33.0% and Real Estate 18.0%.
The top 10 holdings account for 100% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
MMCAP International Inc. SPC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$56M
total across 8 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
100% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$WY +83.9K sh · +$2.29M+$GM +67.7K sh · +$4.59M+$STLD +63.2K sh · +$11.5M
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Automotive Parts & Equipment28.9%—
- Steel23.8%—
- Timber REITs18.0%—
- Automobile Manufacturers17.8%—
- Fertilizers & Agricultural Chemicals9.2%—
- Semiconductors1.9%—
- Systems Software0.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $APTV | Aptiv PLC | 233K | $16.2M | +62.8K | 28.9% |
| $STLD | Steel Dynamics Inc | 73.9K | $13.3M | +63.2K | 23.8% |
| $WY | Weyerhaeuser Company | 411K | $10.1M | +83.9K | 18.0% |
| $GM | General Motors Company | 134K | $9.98M | +67.7K | 17.8% |
| $MOS | Mosaic Company | 166K | $4.23M | — | 7.6% |
| $FSLR | First Solar Inc | 5.3K | $1.05M | — | 1.9% |
| $CF | CF Industries Holdings Inc | 7.02K | $912K | -1.98K | 1.6% |
| $GEN | Gen Digital Inc | 542K | $255K | +0 | 0.5% |
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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