Mudrick Capital Management, L.P.

CIK 1655183 · View on SEC EDGAR ↗

Portfolio value
$447.9M
#4,069 of 9,443 by 13F value · top 43.1%
Positions
4
As of
June 30, 2026

Portfolio value QoQ: +156.8% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
4
Effective number of positions
1.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 1.4% Est. buys $325,803,246 · sells $4,350,000

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 66.7% still held

New positions
1
Increased
2
Decreased
1
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-88.9%
S&P 500 total return (same window)
+28.1%
Excess return
-117.0%

Annualized: -77.0% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.1% · Options excluded: 0.0%

Sector breakdown

Industrials
20.3%
Financial Services
6.8%
Other/Unmapped
72.9%

Full portfolio 4 positions

Type Streak 8Q trend
Unknown issuer (CUSIP: G2R11M108) $314,115,039 70.13% 6,402,671 Up ×1
EVTL Vertical Aerospace Ltd. Ordinary Shares $90,757,678 20.26% 52,159,585 $-30,040,005 Down ×1
VRM Vroom, Inc. - Common Stock $30,667,914 6.85% 3,982,846 $-22,136,197 Up ×1
Unknown issuer (CUSIP: 35953D401) $12,387,478 2.77% 1,346,465 $11,544,970 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: G2R11M108) $314,115,039 6,402,671 70.13%

Top movers (QoQ)

Security Action Shares Δ Value Δ
EVTL Trimmed -2.5M -$30.0M
VRM Bought more +16K -$22.1M

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
LAZRQ Dec. 31, 2025 769,092 $1,468,966 No longer tracked