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Mudrick Capital Management, L.P.

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13F filer, CIK 1655183, NEW YORK, NY

Mudrick Capital Management, L.P. reported $395,840,007 across 4 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001814554-25-000161

Period
2025-09-30
Reported value
$396M
Holdings
4
Top 10 weight
100%
New
0
Sold out
0

Part of the filer group Mudrick Capital Management, L.P.

  • Jason Mudrick
  • Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC
  • Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.
  • Mudrick Distressed Opportunity Drawdown Fund II GP, LLC
  • Mudrick Distressed Opportunity Drawdown Fund III GP, LLC
  • Mudrick Distressed Opportunity Drawdown Fund III, L.P.
  • Mudrick Distressed Opportunity Drawdown Fund II, L.P.
  • Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.
  • Mudrick Distressed Opportunity Fund Global, L.P.
  • Mudrick Distressed Opportunity SIF GP, LLC
  • Mudrick Distressed Opportunity SIF Master Fund, L.P.
  • Mudrick GP, LLC
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EVTLadded+2,500,000$13M

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

None.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001814554-25-000161, largest first. % of portfolio is the value over $395,840,007, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EVTLVERTICAL AEROSPACE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 47,343,585 shares; 2025Q1: 51,509,585 shares; 2025Q2: 51,509,585 shares; 2025Q3: 54,009,585 shares 54,009,585$280M70.81%+2,500,000Timeline
VRMVROOM 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: 3,952,231 shares; 2025Q2: 3,967,251 shares; 2025Q3: 3,967,251 shares 3,967,251$107M27.09%02026-09-30, 13D/A: 3,982,846 shares, 76.1% of the class, 13D/A filed 2026-10-01 Timeline
LAZRQLUMINAR TECHNOLOGIES INC. COMQuarterly 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: 769,092 shares; 2025Q3: 769,092 shares 769,092$1.47M0.37%0Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 11.500% 1/1principal18,500,000$6.83M0

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 0001814554-25-000161 base2025-11-14acceptance time not in the bulk data set