SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Mudrick Capital Management, L.P.

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

Reported Value
$446M
Q4 2023
Positions
9
Filings on Record
30
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Mudrick Capital Management, L.P. reported $446M in U.S.-listed holdings across 9 positions for Q4 2023.

The portfolio is heavily concentrated: Fubotv alone accounts for 44.1% of reported value.

Compared with Q3 2023, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+1.2%
vs prior filed quarter
Largest Position
+44.1%
Fubotv

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
US DOMESTIC: 80.7%Common Stock: 19.2%Other: 0.1%Equity WRT: 0.0%
  • US DOMESTIC · 80.7% · $360M
  • Common Stock · 19.2% · $86M
  • Other · 0.1% · $265,708
  • Equity WRT · 0.0% · $19,125

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
2U INCADDED+58.92M94.32M+$27M$48M
GETAROUND INCSOLD OUT−7.00M0−$112,000$0
HYMCLHYCROFT MINING HOLDING CORPTRIMMED−131.8K613.0K−$2,028$19,125
GSATUSDGLOBALSTAR INCTRIMMED−2.44M41.48M+$23M$80M
VROOM INCTRIMMED−12.50M212.58M−$5M$115M
FUBOTV INCHELD+0205.84M+$61M$197M
SHCRUSDSHARECARE INCHELD+04.85M+$677,590$5M
VERTICAL AEROSPACE LTDHELD+04.00M−$160,400$226,800

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

Holdings — Q4 2023

8 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FUBOTV INCNOTE 3.250% 2/144.11%$197M205.84M
2VROOM INCNOTE 0.75% 7/025.84%$115M212.58M
3GSATUSDGLOBALSTAR INChistory →COM18.03%$80M41.48M
42U INCNOTE 2.250% 5/010.77%$48M94.32M
5SHCRUSDSHARECARE INChistory →COM1.17%$5M4.85M
6VERTICAL AEROSPACE LTDW EXP 09/15/2020.05%$226,8004.00M
7GETRGETAROUND INCCOM0.01%$62,547266.2K
8HYMCLHYCROFT MINING HOLDING CORPW EXP 05/29/202 · W EXP 10/06/2020.01%$58,0332.10M

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 ↗.