Mudrick Capital Management, L.P.
Long book
$174.4M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
-22.5%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsMudrick Capital Management, L.P. is a diversified fundamental manager, specialised in industrials (69% of the long book), running a $174.4M US long book across 3 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: VERTICAL AEROSPACE LTD, VROOM INC, FUBOTV INC -CLASS A.
Over the last 9 quarters its long book ran on average 11.1pp per quarter behind the S&P 500, beating the index in 3 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
-23.6%
Q2 2024
+10.6%
Q3 2024
+66.9%
Q4 2024
-73.3%
Q1 2025
+59.5%
Q2 2025
-18.9%
Q3 2025
-5.4%
Q4 2025
-53.1%
Q1 2026
-22.5%
Sector allocation
Industrials 69%
Consumer discretionary 30%
Services media 0%
Long book by quarter
What does Mudrick Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $174.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 2 | $370.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 4 | $395.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 4 | $472.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 2 | $289.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1 | $595.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 3 | $160.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 6 | $246.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 10 | $248.2M | canonical | SEC ↗ |