HedgeMountain

MAK Capital

New York, NY · CRD 158132
Hedge fund manager

MAK Capital is an SEC-registered investment adviser based in New York, NY that reports managing 1 hedge fund on Form ADV. It reports $2.0 billion in regulatory assets under management. Its private funds, of all types, hold $2.0 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated -0.7% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +26.3% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.

Regulatory assets under management
$2.0 billionForm ADV Item 5.F
Gross assets of private funds
$2.0 billionAll private fund types, Form ADV
Hedge funds managed
12 private funds in total
Employees
12Form ADV Item 5.A
Registration
SEC-registered adviserCRD 158132
Latest Form ADV
03/26/2026Disciplinary disclosures: none reported

Estimated 13F portfolio performance

Est. 2026 YTD-0.7%Through Q2 2026 · S&P 500 +9.5%
Est. 2-year return+26.3%Q3 2024 – Q2 2026
S&P 500+37.2%Same quarters, price only
13F holdings$713.8 million17 positions, 2026-06-30
$100$119$137Q3 2024Q1 2025Q3 2025Q1 202613F est. $126S&P 500 $137
QuarterEst. 13F returnS&P 500
Q2 2026+22.1%+14.8%
Q1 2026-18.7%-4.6%
Q4 2025+11.3%+2.4%
Q3 2025+5.0%+7.8%
Q2 2025-7.4%+10.4%
Q1 2025-12.4%-4.5%
Q4 2024+8.0%+2.1%
Q3 2024+24.4%+5.4%

Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures

Largest disclosed holdings

  • Agilysys Inc Com$124.6 million
  • Grupo Financiero Galicia S.A$74.3 million
  • Acadia Healthcare Company In$71.8 million
  • Uniqure$56.7 million
  • Champion Homes Inc$55.7 million
  • Autolus Therapeutics PLC$53.8 million
  • Clearpoint Neuro Inc$42.4 million
  • Grupo Supervielle S.A.$41.1 million
  • Caris Life Sciences Inc$34.5 million
  • Annexon Inc$33.5 million

As of 2026-06-30, from 13F filing by MAK Capital One LLC.

From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures