SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Mudrick Capital Management, L.P.

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

Reported Value
$911M
Q2 2021
Positions
13
Filings on Record
30
2019–present window
Filed
Aug 16, 2021
original filing

Summary

Mudrick Capital Management, L.P. reported $911M in U.S.-listed holdings across 13 positions for Q2 2021.

The portfolio is heavily concentrated: THRY alone accounts for 50.6% of reported value.

Compared with Q1 2021, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+11.0%
vs prior filed quarter
Top-10 Concentration
+98.8%
share of reported value
Largest Position
+50.6%
Thryv
New / Exited
5 / 2
positions this quarter

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: 77.1%GLOBAL: 15.7%US DOMESTIC: 4.1%Other: 2.2%REIT: 0.7%Other: 0.3%
  • Common Stock · 77.1% · $703M
  • GLOBAL · 15.7% · $143M
  • US DOMESTIC · 4.1% · $37M
  • Other · 2.2% · $20M
  • REIT · 0.7% · $6M
  • Other · 0.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GENERAL ELECTRIC CONEW+900.0K900.0K+$12M$12M
ADMARCHER-DANIELS-MIDLAND CONEW+150.0K150.0K+$9M$9M
CZRCAESARS ENTERTAINMENT INCNEW+75.0K75.0K+$8M$8M
ALLYALLY FINANCIAL INCNEW+150.0K150.0K+$7M$7M
RHPRYMAN HOSPITALITY PPTYS INCNEW+75.0K75.0K+$6M$6M
GOGOGOGO INCSOLD OUT−3.95M0−$38M$0
GOGO INCSOLD OUT−6.85M0−$12M$0
THRYTHRYV HLDGS INCTRIMMED−4.43M12.89M+$56M$461M

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

Holdings — Q2 2021

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1THRYTHRYV HLDGS INChistory →COM NEW50.63%$461M12.89M
2AURORA CANNABIS INCNOTE 5.500% 2/215.65%$143M167.72M
3GSATUSDGLOBALSTAR INChistory →COM15.64%$142M80.00M
4HYMCLHYCROFT MINING HOLDING CORPCOM CL A · *W EXP 02/12/202 · *W EXP 10/06/2029.03%$82M37.73M
5ICONIX BRAND GROUP INCNOTE 5.750% 8/1 · COM NEW4.40%$40M39.57M
6GENERAL ELECTRIC COCOM1.33%$12M900.0K
7ADMARCHER-DANIELS-MIDLAND COCOM1.00%$9M150.0K
8CZRCAESARS ENTERTAINMENT INCCOM0.85%$8M75.0K
9ALLYALLY FINANCIAL INCCOM0.82%$7M150.0K
10RHPRYMAN HOSPITALITY PPTYS INCCOM0.65%$6M75.0K

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 ↗.