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Maple Rock Capital Partners is based out of Toronto. Maple Rock Capital Partners is a hedge fund with 3 clients and discretionary assets under management (AUM) of $2,428,438,320 (Form ADV from 2024-03-27). Their last reported 13F filing for Q2 2024 included $2,950,275,320 in managed 13F securities
and a top 10 holdings concentration of 70.94%. Maple Rock Capital Partners's largest holding is Invesco QQQ Trust, Series 1 with shares held of 1,200,000. Whalewisdom has at least 35 13F filings, 12 13G filings, and 5 Form 4 filings
Business Description
The Investment Manager provides discretionary investment advice to pooled investment vehicles known as the "Funds." These Funds are structured as a master-feeder system, with the Onshore Fund (Maple Rock US Fund LP) and the Offshore Fund (Maple Rock Offshore Fund LP) investing primarily in the Master Fund (Maple Rock Master Fund LP). Each Fund operates under a specific agreement outlining investment guidelines and restrictions, and investors receive a confidential offering memorandum detailing the intended investment program.
Maple Rock addresses potential conflicts of interest by regularly monitoring client portfolios. If they expand their advisory services beyond the current Funds, they will implement additional policies and procedures to ensure fair allocation of transactions and opportunities among all clients, considering similarities and differences between accounts, especially regarding activities where Maple Rock, its personnel, or affiliates have significant interests.
Investment Strategy
The Master Fund aims to generate high returns with lower volatility and risk compared to equity markets. Maple Rock focuses on mispriced assets and complex situations where they believe they have an edge due to pattern recognition, company-specific knowledge, and situational analysis. They take both long and short positions in equities, fixed-income securities, and derivatives, investing in a wide range of instruments and opportunities, including currencies, commodities, futures, forward contracts, and special purpose vehicles. Their investment style is value-oriented and opportunistic, with a disciplined investment process for sourcing, analyzing, and decision-making.
The Funds invest in securities they believe are undervalued and may sell short securities they believe are overvalued. This strategy involves a high degree of financial risk and can result in substantial losses. The Funds may be required to hold positions for a substantial period before market prices reflect the Investment Manager's beliefs about their value. They may also invest in stocks of companies with relatively small- or medium-sized market capitalizations, which can involve higher risks than investments in stocks of larger companies.
Owners
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| QQQ Invesco QQQ Trust, S (PUT) | 19.49% |
| SPY SPDR S&P 500 ETF TRU (PUT) | 18.45% |
| IWM iShares Russell 2000 (PUT) | 6.88% |
| ARCH Arch Coal Inc (PUT) | 1.55% |
| NFE New Fortress Energy (CALL) | 1.49% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| TSLA Tesla Inc (PUT) | 6.82% |
| WDC Western Digital Corp (CALL) | 5.67% |
| VST Vistra Energy Corp | 3.2% |
| LVS Las Vegas Sands Corp | 3.11% |
| ARCH Arch Coal Inc | 2.9% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| QQQ Invesco QQQ Trust, S(PUT) | 19.49% |
| SPY SPDR S&P 500 ETF TRU(PUT) | 18.45% |
| WDC Western Digital Corp | 7.46% |
| IWM iShares Russell 2000(PUT) | 6.88% |
| SPR Spirit Aerosystems H | 4.93% |
2024-06-30
13F Activity
| Market Value | $2.95b, Prior: $1.80b |
| Inflows (Outflows) as % of Total MV | +29.5839% |
| New Purchases | 11 stocks |
| Added To | 9 stocks |
| Sold out of | 8 stocks |
| Reduced holdings in | 3 stocks |
| Top 10 Holdings % | 70.94% |
| Turnover %[1] | 45.24% |
| Turnover Alt %[2] | 18.01% |
| Time Held Top 20 | 4.5 quarters |
| Time Held Top 10 | 2.2 quarters |
| Time Held All | 4.56 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30