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MAK CAPITAL ONE LLC

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13F filer, CIK 1385702, NEW YORK, NY

MAK CAPITAL ONE LLC reported $650,302,015 across 14 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 97.65% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001013594-25-001426

Period
2025-09-30
Reported value
$650M
Holdings
14
Top 10 weight
97.65%
New
3
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PROadded+748,043$17.1M
AUTLadded+9,062,518$14.8M
LABadded+10,334,384$13.4M
DAWNnew+1,448,461$10.2M
CYRXnew+818,162$7.76M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
INTCexited-1,853,800-$41.5M
SKYreduced-500,000-$38.2M
ICLRexited-184,087-$26.8M
LOMAexited-2,175,152-$23.9M
CTRAexited-900,000-$22.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001013594-25-001426, largest first. % of portfolio is the value over $501,267,116, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SKYCHAMPION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,500,000 shares; 2024Q4: 2,500,000 shares; 2025Q1: 2,500,000 shares; 2025Q2: 2,500,000 shares; 2025Q3: 2,000,000 shares 2,000,000$153M30.47%-500,000Timeline
AGYSAGILYSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,192,730 shares; 2024Q4: 1,192,730 shares; 2025Q1: 1,192,730 shares; 2025Q2: 1,192,730 shares; 2025Q3: 1,192,730 shares 1,192,730$126M25.04%0Timeline
HSIIHEIDRICK & STRUGGLES INTL INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 997,508 shares; 2024Q4: 997,508 shares; 2025Q1: 997,508 shares; 2025Q2: 1,211,498 shares; 2025Q3: 1,213,762 shares 1,213,762$60.4M12.05%+2,264Timeline
AUTLAUTOLUS THERAPEUTICS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 16,955,098 shares; 2025Q3: 26,017,616 shares 26,017,616$42.4M8.46%+9,062,518Timeline
PROPROS Holdings IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 665,383 shares; 2025Q3: 1,413,426 shares 1,413,426$32.4M6.46%+748,043Timeline
LABSTANDARD BIOTOOLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,774,721 shares; 2025Q2: 5,597,422 shares; 2025Q3: 15,931,806 shares 15,931,806$20.7M4.13%+10,334,384Timeline
SUPVGRUPO SUPERVIELLE S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,728,274 shares; 2024Q4: 2,728,274 shares; 2025Q1: 2,728,274 shares; 2025Q2: 2,925,268 shares; 2025Q3: 4,000,000 shares 4,000,000$19.8M3.95%+1,074,732Timeline
YTRAYATRA ONLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,170,301 shares; 2024Q4: 12,170,301 shares; 2025Q1: 12,170,301 shares; 2025Q2: 12,170,301 shares; 2025Q3: 12,170,301 shares 12,170,301$17M3.4%0Timeline
DAWNDAY ONE BIOPHARMACEUTICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,448,461 shares 1,448,461$10.2M2.04%newTimeline
PESIPERMA-FIX ENVIRONMENTAL SVCSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 92,610 shares; 2025Q3: 815,576 shares 815,576$8.24M1.64%+722,966Timeline
CYRXCRYOPORT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 818,162 shares 818,162$7.76M1.55%newTimeline
SMRTSMARTRENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,863,923 shares 2,863,923$4.04M0.81%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SKYCHAMPION HOMES INC COMput1,500,000$115M0
AGYSAGILYSYS INC COMput327,600$34.5M0

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
INTCINTEL CORP1,853,800$41.5Mshares
ICLRICON PUB LTD CO184,087$26.8Mshares
LOMALOMA NEGRA C I A S A MTN 142,175,152$23.9Mshares
CTRACOTERRA ENERGY INC900,000$22.8Mshares
PDFSPDF SOLUTIONS INC160,020$3.42Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001013594-25-001426 base2025-11-14acceptance time not in the bulk data set