MAK CAPITAL ONE LLC
Long book
$604.3M
Q1 2026
Positions
21
Top-10 weight
81%
concentration
Last quarter
+24.9%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsMAK CAPITAL ONE LLC is a concentrated fundamental stock-picker, running a $604.3M US long book across 21 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CHAMPION HOMES INC, AGILYSYS INC, GRUPO FINANCIERO GALICIA-ADR, ACADIA HEALTHCARE CO INC, AUTOLUS THERAPEUTICS PLC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.3%
Q2 2024
+24.4%
Q3 2024
+7.5%
Q4 2024
-13.3%
Q1 2025
-8.7%
Q2 2025
+3.8%
Q3 2025
+19.5%
Q4 2025
-20.1%
Q1 2026
+24.9%
Sector allocation
Healthcare 34%
Other 29%
Technology 26%
Energy 3%
Consumer discretionary 3%
Industrials 3%
Utilities 2%
Services media 0%
Long book by quarter
What does MAK CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SKY CHAMPION HOMES INC | Other | 1.3M | $95.4M | 15.8% | -35.9% |
| AGYS AGILYSYS INC | Technology | 1.2M | $84.9M | 14.0% | Held |
| ACHC ACADIA HEALTHCARE CO INC | Healthcare | 2.4M | $56.9M | 9.4% | New |
| COUR COURSERA INC | Technology | 5.6M | $32.7M | 5.4% | +49.8% |
| ANNX ANNEXON INC | Healthcare | 4.7M | $26.2M | 4.3% | +59.7% |
| LAB STANDARD BIOTOOLS INC | Healthcare | 26.2M | $24.1M | 4.0% | +35.7% |
| LODE COMSTOCK INC | Other | 5.8M | $17.6M | 2.9% | New |
| CLPT CLEARPOINT NEURO INC | Healthcare | 1.9M | $17.3M | 2.9% | New |
| 7WH UDEMY INC | — | 3.7M | $16.9M | 2.8% | -3.0% |
| CVE CENOVUS ENERGY INC | Energy | 536.8K | $14.2M | 2.4% | Held |
| HNST HONEST CO INC/THE | Consumer discretionary | 4.8M | $14.0M | 2.3% | +35.3% |
| YTRA YATRA ONLINE INC | Industrials | 12.2M | $13.5M | 2.2% | Held |
| CYRX CRYOPORT INC | Healthcare | 1.4M | $11.8M | 2.0% | +18.7% |
| PESI PERMA-FIX ENVIRONMENTAL SVCS | Utilities | 918.7K | $9.8M | 1.6% | Held |
| PLX PROTALIX BIOTHERAPEUTICS INC | Healthcare | 3.5M | $7.7M | 1.3% | New |
| QURE UNIQURE NV | Healthcare | 441.2K | $7.2M | 1.2% | New |
| FVRR FIVERR INTERNATIONAL LTD | Services media | 80.5K | $806K | 0.1% | New |
| SGMOQ SANGAMO THERAPEUTICS INC | Healthcare | 561.5K | $139K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 22 | $678.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 23 | $908.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 14 | $650.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 16 | $698.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 10 | $588.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $653.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 10 | $489.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 9 | $417.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 10 | $504.4M | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP