SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Mudrick Capital Management, L.P.

CIK 0001655183 · 31 WEST 52ND STREET, 16TH FLOOR, NEW YORK, NY, 10019 · (646) 747 9500

Reported Value
$730M
Q4 2020
Positions
10
Filings on Record
30
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Mudrick Capital Management, L.P. reported $730M in U.S.-listed holdings across 10 positions for Q4 2020.

The portfolio is heavily concentrated: THRY alone accounts for 33.9% of reported value.

Compared with Q3 2020, the fund opened 3 new positions and exited 0.

Portfolio Metrics

Turnover
+9.4%
vs prior filed quarter
Top-10 Concentration
+100.0%
share of reported value
Largest Position
+33.9%
Thryv

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $173MQ4 ’18Q1 ’19: $61MQ2 ’19: $55MQ3 ’19: $55MQ4 ’19: $71MQ4 ’19Q1 ’20: $82MQ2 ’20: $296MQ3 ’20: $386MQ4 ’20: $730MQ4 ’20Q1 ’21: $882MQ2 ’21: $911MQ3 ’21: $671MQ4 ’21: $728MQ4 ’21Q1 ’22: $689MQ2 ’22: $399MQ3 ’22: $381MQ4 ’22: $267MQ4 ’22Q1 ’23: $270MQ2 ’23: $257MQ3 ’23: $340MQ4 ’23: $446MQ4 ’23Q1 ’24: $248MQ2 ’24: $247MQ3 ’24: $161MQ4 ’24: $596MQ4 ’24Q1 ’25: $289MQ2 ’25: $473MQ3 ’25: $396MQ4 ’25: $370MQ4 ’25Q1 ’26: $174Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 73.6%GLOBAL: 17.4%Other: 4.8%US DOMESTIC: 4.3%
  • Common Stock · 73.6% · $537M
  • GLOBAL · 17.4% · $127M
  • Other · 4.8% · $35M
  • US DOMESTIC · 4.3% · $31M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
THRYTHRYV HLDGS INCNEW+18.32M18.32M+$247M$247M
AURORA CANNABIS INCNEW+168.42M168.42M+$127M$127M
AMC ENTMT HLDGS INCNEW+9.13M9.13M+$19M$19M
GOGO INCTRIMMED−3.29M6.85M−$5M$12M
GOGOGOGO INCTRIMMED−2.54M6.19M−$21M$60M
HYCROFT MINING HOLDING CORPADDED+3.22M25.20M−$25M$197M
GSATUSDGLOBALSTAR INCHELD−11.0K99.91M+$3M$34M
HYCROFT MINING HOLDING CORPHELD+010.50M−$2M$15M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

7 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1THRYTHRYV HLDGS INChistory →COM NEW33.85%$247M18.32M
2HYCROFT MINING HOLDING CORPCOM CL A · *W EXP 02/12/20228.98%$212M35.70M
3AURORA CANNABIS INCNOTE 5.500% 2/217.35%$127M168.42M
4GOGOGOGO INCCOM · NOTE 6.000% 5/19.75%$71M13.03M
5GSATUSDGLOBALSTAR INChistory →COM4.63%$34M99.91M
6ICONIX BRAND GROUP INCNOTE 5.750% 8/1 · COM NEW2.79%$20M39.16M
7AMC ENTMT HLDGS INCCL A COM2.65%$19M9.13M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$174M3May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$370M2Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$396M4Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$473M4Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$289M2May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$596M1Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$161M3Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$247M6Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$248M10May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$446M9Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$340M10Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$257M11Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$270M13May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$267M13Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$381M13Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$399M12Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$689M11May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$728M13Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$671M11Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$911M13Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$882M10May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$730M10Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$386M7Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$296M6Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$82M7May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$71M2Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$55M2Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$55M1Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$61M2May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$173M4Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.