Skip to content
Disclosery

Maple Rock Capital Partners Inc.

Follow

13F filer, CIK 1658363, Toronto, Ontario, Canada

Maple Rock Capital Partners Inc. reported $2,731,086,366 across 41 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 52.8% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002351

Period
2025-03-31
Reported value
$2.73B
Holdings
41
Top 10 weight
52.8%
New
15
Sold out
10

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TFIIadded+623,116$48.3M
BIDUadded+454,900$41.9M
TMFnew+945,000$41.6M
KMXnew+433,528$33.8M
Wnew+1,006,498$32.2M

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
TEVAexited-4,208,741-$92.8M
TRIUMPH GROUP INC NEWexited-3,323,178-$62M
VSTexited-425,414-$58.7M
WERNexited-981,540-$35.3M
BMAexited-261,400-$25.3M

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, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-002351, largest first. % of portfolio is the value over $1,369,946,366, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WDCWESTERN DIGITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,287,400 shares; 2024Q4: 2,983,900 shares; 2025Q1: 3,189,796 shares 3,189,796$129M9.41%+205,896Timeline
TFIITFI INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 436,999 shares; 2024Q4: 507,783 shares; 2025Q1: 1,130,899 shares 1,130,899$87.6M6.39%+623,116Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,064,300 shares; 2024Q4: 771,300 shares; 2025Q1: 603,315 shares 603,315$79.8M5.82%-167,985Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 643,130 shares; 2024Q4: 436,730 shares; 2025Q1: 395,674 shares 395,674$79M5.77%-41,056Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 550,560 shares; 2024Q4: 454,000 shares; 2025Q1: 582,424 shares 582,424$68.9M5.03%+128,424Timeline
HCCWARRIOR MET COAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,460,992 shares; 2024Q4: 1,080,392 shares; 2025Q1: 1,305,392 shares 1,305,392$62.3M4.55%+225,000Timeline
BIDUBAIDU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 406,000 shares; 2024Q4: 170,200 shares; 2025Q1: 625,100 shares 625,100$57.5M4.2%+454,900Timeline
LYFTLYFT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,186,000 shares; 2024Q4: 5,435,000 shares; 2025Q1: 4,692,480 shares 4,692,480$55.7M4.07%-742,520Timeline
STXSEAGATE TECHNOLOGY HLDNGS PLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 274,900 shares; 2024Q4: 274,900 shares; 2025Q1: 610,906 shares 610,906$51.9M3.79%+336,006Timeline
KDKYNDRYL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 753,913 shares; 2025Q1: 1,643,038 shares 1,643,038$51.6M3.77%+889,125Timeline
EQXEQUINOX GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,169,400 shares; 2024Q4: 8,753,400 shares; 2025Q1: 7,079,488 shares 7,079,488$48.7M3.56%-1,673,912Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,500 shares; 2024Q4: 909,670 shares; 2025Q1: 2,106,230 shares 2,106,230$47.8M3.49%+1,196,560Timeline
BHCBAUSCH HEALTH COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,064,900 shares; 2024Q4: 5,300,000 shares; 2025Q1: 6,797,500 shares 6,797,500$44M3.21%+1,497,500Timeline
SEESEALED AIR CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,517,493 shares; 2024Q4: 1,630,493 shares; 2025Q1: 1,486,133 shares 1,486,133$42.9M3.14%-144,360Timeline
TMFDIREXION SHARES ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 945,000 shares 945,000$41.6M3.04%newTimeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,092,091 shares; 2024Q4: 6,092,091 shares; 2025Q1: 7,100,000 shares 7,100,000$38.5M2.81%+1,007,909Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,577,138 shares; 2024Q4: 1,221,638 shares; 2025Q1: 918,510 shares 918,510$37.8M2.76%-303,128Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 433,528 shares 433,528$33.8M2.47%newTimeline
WWAYFAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,006,498 shares 1,006,498$32.2M2.35%newTimeline
HUMHUMANA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 112,330 shares 112,330$29.7M2.17%newTimeline
BLCOBAUSCH PLUS LOMB CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,617,548 shares; 2024Q4: 3,171,053 shares; 2025Q1: 1,971,053 shares 1,971,053$28.6M2.09%-1,200,000Timeline
TDOCTELADOC HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,230,000 shares; 2024Q4: 3,561,000 shares; 2025Q1: 3,347,340 shares 3,347,340$26.6M1.94%-213,660Timeline
RUNSUNRUN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,865,600 shares; 2024Q4: 3,597,600 shares; 2025Q1: 4,158,184 shares 4,158,184$24.4M1.78%+560,584Timeline
CARAVIS BUDGET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 315,631 shares 315,631$24M1.75%newTimeline
NGVTINGEVITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 429,816 shares; 2025Q1: 536,816 shares 536,816$21.3M1.55%+107,000Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 247,000 shares 247,000$19.6M1.43%newTimeline
LVSLAS VEGAS SANDS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 476,000 shares; 2025Q1: 447,440 shares 447,440$17.3M1.26%-28,560Timeline
GTGOODYEAR TIRE & RUBR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,874,961 shares; 2025Q1: 1,762,463 shares 1,762,463$16.3M1.19%-112,498Timeline
LPXLOUISIANA PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 161,210 shares 161,210$14.8M1.08%newTimeline
SNDKSANDISK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 248,355 shares 248,355$11.8M0.86%newTimeline
LKQLKQ CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 255,000 shares 255,000$10.8M0.79%newTimeline
WHRWHIRLPOOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 80,500 shares; 2025Q1: 116,710 shares 116,710$10.5M0.77%+36,210Timeline
THOTHOR INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 119,455 shares 119,455$9.06M0.66%newTimeline
AAPADVANCE AUTO PARTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 232,000 shares; 2024Q4: 232,000 shares; 2025Q1: 218,080 shares 218,080$8.55M0.62%-13,920Timeline
WGOWINNEBAGO INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 175,310 shares 175,310$6.04M0.44%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
QQQINVESCO QQQ TR COMput1,000,000$469M0
SPYSTATE STR SPDR S&P 500 ETF T SHSput700,000$392M-800,000
NVDANVIDIA CORPORATION COMput2,000,000$217Mnew
TSLATESLA INC COMput500,000$130Mnew
LNGCHENIERE ENERGY INC Stockput500,000$116Mnew
INTCINTEL CORP COMcall1,700,000$38.6Mnew

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
GLDSPDR GOLD TR1,500,000$363Mput
TEVATEVA PHARMACEUTICAL INDS LTD4,208,741$92.8Mshares
ALBALBEMARLE CORP1,000,000$86.1Mput
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW3,323,178$62Mshares
TLNTALEN ENERGY CORP300,000$60.4Mput
VSTVISTRA CORP425,414$58.7Mshares
WERNWERNER ENTERPRISES INC981,540$35.3Mshares
VSTVISTRA CORP250,000$34.5Mput
BMABANCO MACRO S A261,400$25.3Mshares
SNAPSNAP INC2,000,000$21.5Mcall

How Q1 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 0001172661-25-002351 base2025-05-15acceptance time not in the bulk data set