Maple Rock Capital Partners Inc.

All holdings · as of Dec 31, 2025

Company	Class	Value ↓	Shares	% of portfolio
Western Digital Corp	—	$410.27M	2,381,525	13.6%
EQUINOX GOLD CORP	—	$284.15M	20,234,048	9.4%
Seagate Technology Holdings PLC	—	$183.37M	665,852	6.1%
Alcoa Corp	—	$173.41M	3,263,300	5.7%
CLEVELAND-CLIFFS INC.	—	$164.12M	12,358,230	5.4%
WARRIOR MET COAL, INC.	—	$144.36M	1,637,238	4.8%
Sandisk Corp	—	$115.91M	488,300	3.8%
SUNRUN INC.	—	$97.94M	5,322,948	3.2%
BRITISH AMERN TOB PLC	—	$93.72M	1,655,300	3.1%
Brookdale Senior Living Inc.	—	$91.68M	8,497,048	3.0%
LAS VEGAS SANDS CORP	—	$89.88M	1,380,847	3.0%
Sealed Air Corp	—	$87.23M	2,105,556	2.9%
BARRICK MNG CORP	—	$86.73M	1,991,400	2.9%
Lyft, Inc.	—	$83.23M	4,296,603	2.7%
ARCELORMITTAL SA LUXEMBOURG	—	$74.31M	1,630,600	2.5%
TECK RESOURCES LTD	—	$66.74M	1,393,516	2.2%
CVS HEALTH Corp	—	$64.79M	816,400	2.1%
Algoma Steel Group Inc.	—	$59.17M	14,430,818	2.0%
JD.com,Inc.JD	ADR	$55.11M	1,920,162	1.8%
Advance Auto Parts Inc	—	$53.14M	1,352,240	1.8%
LOUISIANA-PACIFIC CORP	—	$47.56M	588,868	1.6%
HUMANA INC	—	$44.23M	172,700	1.5%
Turning Point Brands, Inc.	—	$43.28M	399,300	1.4%
Centene Corp	—	$41.61M	1,011,199	1.4%
Ingevity Corp	—	$39.93M	674,716	1.3%
Molina Healthcare Inc	—	$39.25M	226,200	1.3%
Rocket Companies, Inc.	—	$35.23M	1,819,500	1.2%
GOODYEAR TIRE & RUBBER CO /OH	—	$34.80M	3,972,546	1.1%
PDD Holdings Inc.PDD	ADR	$34.77M	306,641	1.1%
PAGSEGURO DIGITAL LTD	—	$32.44M	3,365,400	1.1%
LKQ Corp	—	$31.62M	1,047,100	1.0%
Whirlpool Corp	—	$29.14M	404,000	1.0%
WERNER ENTERPRISES INC	—	$23.81M	793,500	0.8%
UNITEDHEALTH GROUP INC	—	$18.16M	55,000	0.6%
THOR INDUSTRIES INC	—	$17.53M	170,764	0.6%
JBS N.V.	—	$14.21M	985,106	0.5%
ARCBEST CORP /DE	—	$10.66M	143,750	0.4%
UWM HOLDINGS CORP	—	$9.65M	2,204,100	0.3%