SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Mudrick Capital Management, L.P.

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

Reported Value
$399M
Q2 2022
Positions
12
Filings on Record
30
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Mudrick Capital Management, L.P. reported $399M in U.S.-listed holdings across 12 positions for Q2 2022.

The portfolio is heavily concentrated: THRY alone accounts for 32.6% of reported value.

Compared with Q1 2022, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+99.4%
share of reported value
Largest Position
+32.6%
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 77.3%GLOBAL: 17.3%Other: 3.9%US DOMESTIC: 1.3%Equity WRT: 0.2%
  • Common Stock · 77.3% · $308M
  • GLOBAL · 17.3% · $69M
  • Other · 3.9% · $16M
  • US DOMESTIC · 1.3% · $5M
  • Equity WRT · 0.2% · $967,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FUBOTV INCNEW+16.50M16.50M+$5M$5M
AURORA CANNABIS INCTRIMMED−120.00M76.09M−$112M$69M
THRYTHRYV HLDGS INCTRIMMED−2.40M5.80M−$101M$130M
GLOBALSTAR INC COMHELD−2.41M86.84M−$24M$107M
KORE GROUP HOLDINGS INCHELD−43.5K3.96M−$12M$12M
HYCROFT MINING HOLDING CORP COM CL AHELD+024.39M−$29M$27M
FYBRFRONTIER COMMUNICATIONS PARENT, INC. CMNHELD+01.56M−$6M$37M
HYCROFT MINING HOLDING CORP W EXP 02/12/202HELD+010.09M−$3M$2M

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

Holdings — Q2 2022

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1THRYTHRYV HLDGS INChistory →COM32.55%$130M5.80M
2GLOBALSTAR INC COMCOM26.77%$107M86.84M
3AURORA CANNABIS INCNOTE 5.500% 2/217.26%$69M76.09M
4FYBRFRONTIER COMMUNICATIONS PARENT, INC. CMNhistory →COM9.20%$37M1.56M
5HYCROFT MINING HOLDING CORP COM CL ACOM6.79%$27M24.39M
6KORE GROUP HOLDINGS INCCOM3.04%$12M3.96M
7FUBOTV INCCNV1.29%$5M16.50M
8ALLYALLY FINANCIAL INChistory →COM1.26%$5M150.0K
9CZRCAESARS ENTERTAINMENT INCCOM0.72%$3M75.0K
10HYCROFT MINING HOLDING CORP W EXP 02/12/202W EXP 02/12/2020.50%$2M10.09M
11VERTICAL AEROSPACE LTD - CW26W EXP 09/15/2020.39%$2M4.00M
12HYCROFT MINING HOLDING CORP W EXP 10/06/202W EXP 10/06/2020.24%$967,0003.22M

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 ↗.