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Mudrick Capital Management, L.P.

CIK:0001655183
Hedge Fund
$3B AUM
4 holdings
New York, NY, United States
Founded:2009
34 employees
Latest filing:Jun 30, 2025

Mudrick Capital Management, L.P. is an institutional investment firm headquartered in New York, founded in 2009 by Jason Mudrick. The firm specializes in event-driven and special situation investing in global credit markets, targeting stressed and distressed credit opportunities. Serving a diverse global base of sophisticated institutional investors, Mudrick currently manages approximately $3.3 billion as of September 2025, with about 31-34 employees. The firm also maintains an office in London.

Investment Strategy

Mudrick Capital Management pursues an event-driven and special situation investment strategy, focusing on opportunities across the corporate capital structure and throughout the distressed cycle. The firm targets stressed and distressed credit markets, employing deep value analysis and investing in securities of companies undergoing significant change, restructuring, or facing financial challenges. Their approach seeks to capture value from corporate events, bankruptcies, restructurings, and other situations where fundamental value may be misunderstood or mispriced. Mudrick’s investments often span debt, equity, and hybrid instruments, seeking asymmetric risk/reward profiles through rigorous fundamental research and active engagement with portfolio companies.

Latest 13F Filing Activity

Mudrick Capital Management, L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 3 equity positions with a total 13F market value of $473M. The fund increased holdings in Vertical Aerospace LTD, Luminar Technologies Inc., Vroom Inc.. Mudrick Capital Management, L.P. reduced exposure to Vroom Inc., Luminar Technologies Inc., Vertical Aerospace LTD.

Top Buys
E
EVTLVERTICAL AEROSPACE LTD
+$175.6M
V
VRMVROOM INC
-$3.1M
L
LAZRLUMINAR TECHNOLOGIES INC
+$2.2M
Top Sells
E
EVTLVERTICAL AEROSPACE LTD
+$175.6M
V
VRMVROOM INC
-$3.1M
L
LAZRLUMINAR TECHNOLOGIES INC
+$2.2M

Top Holdings

E
EVTLVERTICAL AEROSPACE LTD
+73.8%$348.7M
V
VRMVROOM INC
+23.9%$113.1M
L
LAZRLUMINAR TECHNOLOGIES INC
+0.5%$2.2M

Equity Positions (3)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VERTICAL AEROSPACE LTD73.79%$348.7M51,509,585$11.83$6.77+$175.6M
VROOM INC23.94%$113.1M3,967,251$6.09$28.51-$3.1M
LUMINAR TECHNOLOGIES INC0.47%$2.2M769,092$2.87$2.87+$2.2M

Industry Allocation

AIRCRAFT
+70.8%
RETAIL-AUTO DEALERS & GASOLINE STATIONS
+27.1%
MOTOR VEHICLE PARTS & ACCESSORIES
+0.4%