Maple Rock Capital Partners Inc.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Maple Rock Capital Partners Inc. maintained a portfolio of 46 distinct positions. The most significant new addition to the portfolio was ALCOA CORP, which now represents 5.73% of the total fund value. They heavily accumulated shares in EQUINOX GOLD CORP, increasing their position by 21.6%. Conversely, Maple Rock Capital Partners Inc. completely exited their position in TFI INTL INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
46
Quarter
2025 Q4
Top Holding
WDC (13.6%)
Top 10 Concentration
58.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 46
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
WDC
WESTERN DIGITAL...
Technology 13.55% 12.27% #1
Prev: #1
6.5 -207,800 -8.0%
P
S
2,381,525 $410,265,312 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EQX
EQUINOX GOLD CO...
Basic Materials 9.39% 7.37% #2
Prev: #2
7.8 3,589,200 21.6%
P
S
20,234,048 $284,151,633 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
STX
SEAGATE TECHNOL...
Technology 6.06% 6.90% #3
Prev: #3
3.9 -74,500 -10.1%
P
S
665,852 $183,368,982 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AA
ALCOA CORP
Basic Materials 5.73% #4
Prev: #—
6.3 3,263,300 no change
NEW
3,263,300 $173,411,762 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CLF
CLEVELAND-CLIFF...
Basic Materials 5.42% 3.13% #5 4
Prev: #9
5.7 5,855,830 90.1%
P
S
12,358,230 $164,117,294 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HCC
WARRIOR MET COA...
Basic Materials 4.77% 3.67% #6
Prev: #6
3.9 175,500 12.0%
P
S
1,637,238 $144,355,274 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SNDK
SANDISK CORP
Technology 3.83% 3.29% #7 1
Prev: #8
1.5 -254,200 -34.2%
P
S
488,300 $115,912,654 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RUN
SUNRUN INC
Technology 3.24% 5.08% #8 4
Prev: #4
1.3 -2,116,900 -28.5%
P
S
5,322,948 $97,942,243 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BTI
BRITISH AMERN T...
Consumer Defensive 3.10% 2.45% #9 6
Prev: #15
3.7 485,500 41.5%
P
S
1,655,300 $93,723,086 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BKD
BROOKDALE SR LI...
Healthcare 3.03% 2.11% #10 8
Prev: #18
3.7 2,199,000 34.9%
P
S
8,497,048 $91,683,148 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LVS
LAS VEGAS SANDS...
Consumer Cyclical 2.97% 1.71% #11 13
Prev: #24
4.2 577,567 71.9%
P
S
1,380,847 $89,879,331 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SEE
SEALED AIR CORP...
Consumer Cyclical 2.88% 1.94% #12 8
Prev: #20
4.2 716,000 51.5%
P
S
2,105,556 $87,233,185 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
B
BARRICK MNG COR...
Basic Materials 2.86% #13
Prev: #—
4.6 1,991,400 no change
NEW
1,991,400 $86,725,470 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LYFT
LYFT INC
Technology 2.75% 3.05% #14 3
Prev: #11
3.6 786,970 22.4%
P
S
4,296,603 $83,225,200 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MT
ARCELORMITTAL S...
Basic Materials 2.45% 1.63% #15 11
Prev: #26
3.5 485,400 42.4%
P
S
1,630,600 $74,306,442 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TECK
TECK RESOURCES ...
Basic Materials 2.20% 3.50% #16 9
Prev: #7
0.9 -625,184 -31.0%
P
S
1,393,516 $66,735,481 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CVS
CVS HEALTH CORP
Healthcare 2.14% #17
Prev: #—
4.4 816,400 no change
NEW
816,400 $64,789,504 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ASTL
ALGOMA STL GROU...
Basic Materials 1.95% 1.46% #18 10
Prev: #28
3.3 4,000,000 38.3%
P
S
14,430,818 $59,166,354 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JD
JD.COM INC
Consumer Cyclical 1.82% 3.10% #19 9
Prev: #10
1.2 -323,900 -14.4%
P
S
1,920,162 $55,108,649 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AAP
ADVANCE AUTO PA...
Consumer Cyclical 1.76% 2.31% #20 4
Prev: #16
3.2 400,450 42.1%
P
S
1,352,240 $53,143,032 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LPX
LOUISIANA PAC C...
Industrials 1.57% 0.85% #21 12
Prev: #33
3.6 347,400 143.9%
P
S
588,868 $47,556,980 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HUM
HUMANA INC
Healthcare 1.46% 2.91% #22 10
Prev: #12
0.6 -110,600 -39.0%
P
S
172,700 $44,233,651 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TPB
TURNING PT BRAN...
Consumer Defensive 1.43% 0.89% #23 9
Prev: #32
3.6 170,000 74.1%
P
S
399,300 $43,284,120 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CNC
CENTENE CORP DE...
Healthcare 1.37% 1.88% #24 2
Prev: #22
0.5 -327,100 -24.4%
P
S
1,011,199 $41,610,839 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NGVT
INGEVITY CORP
Basic Materials 1.32% 1.47% #25 2
Prev: #27
1.5 no change no change
P
S
674,716 $39,929,693 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TFII
TFI INTL INC
Industrials 0.00% 3.82%
Sold All 😨
(Was: #5)
0.0 -1,098,362 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 0.00% 2.87%
Sold All 😨
(Was: #13)
0.0 -406,930 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INTC
INTEL CORP
CALL
CALL Option 0.00% 2.25%
Sold All 😨
(Was: #17)
0.0 -1,700,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INTC
INTEL CORP
Technology 0.00% 1.78%
Sold All 😨
(Was: #23)
0.0 -1,346,800 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TLN
TALEN ENERGY CO...
Utilities 0.00% 1.65%
Sold All 😨
(Was: #25)
0.0 -98,175 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NUE
NUCOR CORP
Basic Materials 0.00% 1.21%
Sold All 😨
(Was: #29)
0.0 -226,200 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WGO
WINNEBAGO INDS ...
Consumer Cyclical 0.00% 0.90%
Sold All 😨
(Was: #31)
0.0 -680,199 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BHC
BAUSCH HEALTH C...
Healthcare 0.00% 0.54%
Sold All 😨
(Was: #40)
0.0 -2,133,887 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 46 holdings

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