Maple Rock Capital Partners Inc. Quant / Systematic

CIK: 0001658363 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $3,027,144 (100.0% shares, 0.0% debt)

Holdings (38)

New Positions (5)

AA ALCOA CORP 5.7%

Value ($000) $173,412 Shares 3,263,300 Est. Cost $40.88 Unrealized 0.0%

B BARRICK MNG CORP 2.9%

Value ($000) $86,725 Shares 1,991,400 Est. Cost $37.42 Unrealized 0.0%

CVS CVS HEALTH CORP 2.1%

Value ($000) $64,790 Shares 816,400 Est. Cost $78.67 Unrealized 0.0%

WERN WERNER ENTERPRISES INC 0.8%

Value ($000) $23,813 Shares 793,500 Est. Cost $27.47 Unrealized 0.0%

ARCB ARCBEST CORP 0.4%

Value ($000) $10,665 Shares 143,750 Est. Cost $71.00 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AA	ALCOA CORP	3,263,300	$173,412	5.7%	$40.88	0.0%	COM	013872106
B	BARRICK MNG CORP	1,991,400	$86,725	2.9%	$37.42	0.0%	COM SHS	06849F108
CVS	CVS HEALTH CORP	816,400	$64,790	2.1%	$78.67	0.0%	COM	126650100
WERN	WERNER ENTERPRISES INC	793,500	$23,813	0.8%	$27.47	0.0%	COM	950755108
ARCB	ARCBEST CORP	143,750	$10,665	0.4%	$71.00	0.0%	COM	03937C105

Increased Positions (17)

EQX EQUINOX GOLD CORP 9.4%

Value ($000) $284,152 (+52.2%) Shares 20,234,048 (+21.6%) Est. Cost $7.26 Unrealized +73.9%

CLF CLEVELAND-CLIFFS INC NEW 5.4%

Value ($000) $164,117 (+106.9%) Shares 12,358,230 (+90.1%) Est. Cost $9.89 Unrealized +27.6%

HCC WARRIOR MET COAL INC 4.8%

Value ($000) $144,355 (+55.2%) Shares 1,637,238 (+12.0%) Est. Cost $61.68 Unrealized +21.9%

LVS LAS VEGAS SANDS CORP 3.0%

Value ($000) $89,879 (+108.0%) Shares 1,380,847 (+71.9%) Est. Cost $51.14 Unrealized +19.7%

BKD BROOKDALE SR LIVING INC 3.0%

Value ($000) $91,683 (+71.9%) Shares 8,497,048 (+34.9%) Est. Cost $7.37 Unrealized +33.5%

SEE SEALED AIR CORP NEW 2.9%

Value ($000) $87,233 (+77.6%) Shares 2,105,556 (+51.5%) Est. Cost $35.28 Unrealized +9.3%

MT ARCELORMITTAL SA LUXEMBOURG 2.5%

Value ($000) $74,306 (+79.5%) Shares 1,630,600 (+42.4%) Est. Cost $38.95 Unrealized —

BTI BRITISH AMERN TOB PLC 3.1%

Value ($000) $93,723 (+50.9%) Shares 1,655,300 (+41.5%) Est. Cost $50.05 Unrealized —

LPX LOUISIANA PAC CORP 1.6%

Value ($000) $47,557 (+121.7%) Shares 588,868 (+143.9%) Est. Cost $90.65 Unrealized -6.8%

MOH MOLINA HEALTHCARE INC 1.3%

Value ($000) $39,255 (+150.8%) Shares 226,200 (+176.5%) Est. Cost $171.49 Unrealized -4.2%

LKQ LKQ CORP 1.0%

Value ($000) $31,622 (+255.9%) Shares 1,047,100 (+260.0%) Est. Cost $31.96 Unrealized -6.2%

ASTL ALGOMA STL GROUP INC 2.0%

Value ($000) $59,166 (+59.6%) Shares 14,430,818 (+38.3%) Est. Cost $6.80 Unrealized -41.4%

TPB TURNING PT BRANDS INC 1.4%

Value ($000) $43,284 (+90.9%) Shares 399,300 (+74.1%) Est. Cost $80.69 Unrealized +21.2%

WHR WHIRLPOOL CORP 1.0%

Value ($000) $29,145 (+101.1%) Shares 404,000 (+119.1%) Est. Cost $80.68 Unrealized -8.5%

LYFT LYFT INC 2.7%

Value ($000) $83,225 (+7.7%) Shares 4,296,603 (+22.4%) Est. Cost $13.65 Unrealized +52.3%

AAP ADVANCE AUTO PARTS INC 1.8%

Value ($000) $53,143 (-9.1%) Shares 1,352,240 (+42.1%) Est. Cost $55.04 Unrealized -9.5%

PAGS PAGSEGURO DIGITAL LTD 1.1%

Value ($000) $32,442 (+15.8%) Shares 3,365,400 (+20.1%) Est. Cost $9.10 Unrealized +5.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQX	EQUINOX GOLD CORP	20,234,048 (+21.6%)	$284,152 (+52.2%)	9.4%	$7.26	+73.9%	COM	29446Y502
CLF	CLEVELAND-CLIFFS INC NEW	12,358,230 (+90.1%)	$164,117 (+106.9%)	5.4%	$9.89	+27.6%	COM	185899101
HCC	WARRIOR MET COAL INC	1,637,238 (+12.0%)	$144,355 (+55.2%)	4.8%	$61.68	+21.9%	COM	93627C101
LVS	LAS VEGAS SANDS CORP	1,380,847 (+71.9%)	$89,879 (+108.0%)	3.0%	$51.14	+19.7%	COM	517834107
BKD	BROOKDALE SR LIVING INC	8,497,048 (+34.9%)	$91,683 (+71.9%)	3.0%	$7.37	+33.5%	COM	112463104
SEE	SEALED AIR CORP NEW	2,105,556 (+51.5%)	$87,233 (+77.6%)	2.9%	$35.28	+9.3%	COM	81211K100
MT	ARCELORMITTAL SA LUXEMBOURG	1,630,600 (+42.4%)	$74,306 (+79.5%)	2.5%	$38.95	—	NY REGISTRY SH	03938L203
BTI	BRITISH AMERN TOB PLC	1,655,300 (+41.5%)	$93,723 (+50.9%)	3.1%	$50.05	—	SPONSORED ADR	110448107
LPX	LOUISIANA PAC CORP	588,868 (+143.9%)	$47,557 (+121.7%)	1.6%	$90.65	-6.8%	COM	546347105
MOH	MOLINA HEALTHCARE INC	226,200 (+176.5%)	$39,255 (+150.8%)	1.3%	$171.49	-4.2%	COM	60855R100
LKQ	LKQ CORP	1,047,100 (+260.0%)	$31,622 (+255.9%)	1.0%	$31.96	-6.2%	COM	501889208
ASTL	ALGOMA STL GROUP INC	14,430,818 (+38.3%)	$59,166 (+59.6%)	2.0%	$6.80	-41.4%	COM	015658107
TPB	TURNING PT BRANDS INC	399,300 (+74.1%)	$43,284 (+90.9%)	1.4%	$80.69	+21.2%	COM	90041L105
WHR	WHIRLPOOL CORP	404,000 (+119.1%)	$29,145 (+101.1%)	1.0%	$80.68	-8.5%	COM	963320106
LYFT	LYFT INC	4,296,603 (+22.4%)	$83,225 (+7.7%)	2.7%	$13.65	+52.3%	CL A COM	55087P104
AAP	ADVANCE AUTO PARTS INC	1,352,240 (+42.1%)	$53,143 (-9.1%)	1.8%	$55.04	-9.5%	COM	00751Y106
PAGS	PAGSEGURO DIGITAL LTD	3,365,400 (+20.1%)	$32,442 (+15.8%)	1.1%	$9.10	+5.4%	COM CL A	G68707101

Exited Positions (8)

TFII TFI INTL INC 3.2%

Value ($000) $96,722 Shares 1,098,362 Est. Cost $125.04 Unrealized -25.6%

BABA ALIBABA GROUP HLDG LTD 2.4%

Value ($000) $72,731 Shares 406,930 Est. Cost $87.29 Unrealized —

INTC INTEL CORP 1.9%

Value ($000) $57,035 Shares 1,700,000 Est. Cost $24.23 Unrealized +55.9%

INTC INTEL CORP 1.5%

Value ($000) $45,185 Shares 1,346,800 Est. Cost $24.23 Unrealized +55.9%

TLN TALEN ENERGY CORP 1.4%

Value ($000) $41,762 Shares 98,175 Est. Cost $138.87 Unrealized +179.9%

NUE NUCOR CORP 1.0%

Value ($000) $30,634 Shares 226,200 Est. Cost $140.51 Unrealized +6.6%

WGO WINNEBAGO INDS INC 0.8%

Value ($000) $22,746 Shares 680,199 Est. Cost $35.37 Unrealized +3.1%

BHC BAUSCH HEALTH COS INC 0.5%

Value ($000) $13,764 Shares 2,133,887 Est. Cost $7.20 Unrealized -8.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TFII	TFI INTL INC	1,098,362	$96,722	3.2%	$125.04	-25.6%	—	87241L109
BABA	ALIBABA GROUP HLDG LTD	406,930	$72,731	2.4%	$87.29	—	—	01609W102
INTC	INTEL CORP	1,700,000	$57,035	1.9%	$24.23	+55.9%	CALL	458140100
INTC	INTEL CORP	1,346,800	$45,185	1.5%	$24.23	+55.9%	—	458140100
TLN	TALEN ENERGY CORP	98,175	$41,762	1.4%	$138.87	+179.9%	—	87422Q109
NUE	NUCOR CORP	226,200	$30,634	1.0%	$140.51	+6.6%	—	670346105
WGO	WINNEBAGO INDS INC	680,199	$22,746	0.8%	$35.37	+3.1%	—	974637100
BHC	BAUSCH HEALTH COS INC	2,133,887	$13,764	0.5%	$7.20	-8.7%	—	071734107

Decreased Positions (15)

WDC WESTERN DIGITAL CORP 13.6%

Value ($000) $410,265 (+32.0%) Shares 2,381,525 (-8.0%) Est. Cost $39.01 Unrealized +288.4%

PDD PDD HOLDINGS INC 1.1%

Value ($000) $34,770 (-49.3%) Shares 306,641 (-40.9%) Est. Cost $124.92 Unrealized —

SNDK SANDISK CORP 3.8%

Value ($000) $115,913 (+39.1%) Shares 488,300 (-34.2%) Est. Cost $47.24 Unrealized +324.0%

RUN SUNRUN INC 3.2%

Value ($000) $97,942 (-23.9%) Shares 5,322,948 (-28.5%) Est. Cost $10.06 Unrealized +90.6%

HUM HUMANA INC 1.5%

Value ($000) $44,234 (-40.0%) Shares 172,700 (-39.0%) Est. Cost $263.25 Unrealized -0.7%

JD JD.COM INC 1.8%

Value ($000) $55,109 (-29.8%) Shares 1,920,162 (-14.4%) Est. Cost $33.23 Unrealized —

TECK TECK RESOURCES LTD 2.2%

Value ($000) $66,735 (-24.7%) Shares 1,393,516 (-31.0%) Est. Cost $36.34 Unrealized +19.2%

RKT ROCKET COS INC 1.2%

Value ($000) $35,226 (-31.4%) Shares 1,819,500 (-31.3%) Est. Cost $13.52 Unrealized +32.3%

GT GOODYEAR TIRE & RUBR CO 1.1%

Value ($000) $34,800 (-28.1%) Shares 3,972,546 (-38.6%) Est. Cost $10.03 Unrealized -21.4%

STX SEAGATE TECHNOLOGY HLDNGS PL 6.1%

Value ($000) $183,369 (+4.9%) Shares 665,852 (-10.1%) Est. Cost $96.51 Unrealized +168.3%

CNC CENTENE CORP DEL 1.4%

Value ($000) $41,611 (-12.9%) Shares 1,011,199 (-24.4%) Est. Cost $30.20 Unrealized +23.9%

UWMC UWM HOLDINGS CORPORATION 0.3%

Value ($000) $9,654 (-33.1%) Shares 2,204,100 (-7.0%) Est. Cost $5.24 Unrealized +2.6%

UNH UNITEDHEALTH GROUP INC 0.6%

Value ($000) $18,156 (-11.0%) Shares 55,000 (-6.9%) Est. Cost $298.94 Unrealized +12.8%

JBS JBS N.V. 0.5%

Value ($000) $14,205 (-10.2%) Shares 985,106 (-7.0%) Est. Cost $14.07 Unrealized -2.4%

THO THOR INDS INC 0.6%

Value ($000) $17,532 (-7.9%) Shares 170,764 (-7.0%) Est. Cost $86.97 Unrealized +18.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WDC	WESTERN DIGITAL CORP	2,381,525 (-8.0%)	$410,265 (+32.0%)	13.6%	$39.01	+288.4%	COM	958102105
PDD	PDD HOLDINGS INC	306,641 (-40.9%)	$34,770 (-49.3%)	1.1%	$124.92	—	SPONSORED ADS	722304102
SNDK	SANDISK CORP	488,300 (-34.2%)	$115,913 (+39.1%)	3.8%	$47.24	+324.0%	COM	80004C200
RUN	SUNRUN INC	5,322,948 (-28.5%)	$97,942 (-23.9%)	3.2%	$10.06	+90.6%	COM	86771W105
HUM	HUMANA INC	172,700 (-39.0%)	$44,234 (-40.0%)	1.5%	$263.25	-0.7%	COM	444859102
JD	JD.COM INC	1,920,162 (-14.4%)	$55,109 (-29.8%)	1.8%	$33.23	—	SPON ADS CL A	47215P106
TECK	TECK RESOURCES LTD	1,393,516 (-31.0%)	$66,735 (-24.7%)	2.2%	$36.34	+19.2%	CL B	878742204
RKT	ROCKET COS INC	1,819,500 (-31.3%)	$35,226 (-31.4%)	1.2%	$13.52	+32.3%	COM CL A	77311W101
GT	GOODYEAR TIRE & RUBR CO	3,972,546 (-38.6%)	$34,800 (-28.1%)	1.1%	$10.03	-21.4%	COM	382550101
STX	SEAGATE TECHNOLOGY HLDNGS PL	665,852 (-10.1%)	$183,369 (+4.9%)	6.1%	$96.51	+168.3%	ORD SHS	G7997R103
CNC	CENTENE CORP DEL	1,011,199 (-24.4%)	$41,611 (-12.9%)	1.4%	$30.20	+23.9%	COM	15135B101
UWMC	UWM HOLDINGS CORPORATION	2,204,100 (-7.0%)	$9,654 (-33.1%)	0.3%	$5.24	+2.6%	COM CL A	91823B109
UNH	UNITEDHEALTH GROUP INC	55,000 (-6.9%)	$18,156 (-11.0%)	0.6%	$298.94	+12.8%	COM	91324P102
JBS	JBS N.V.	985,106 (-7.0%)	$14,205 (-10.2%)	0.5%	$14.07	-2.4%	CL A SHS	N4732M103
THO	THOR INDS INC	170,764 (-7.0%)	$17,532 (-7.9%)	0.6%	$86.97	+18.8%	COM	885160101

Unchanged Positions (1)

NGVT INGEVITY CORP 1.3%

Value ($000) $39,930 Shares 674,716 Est. Cost $41.85 Unrealized +29.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NGVT	INGEVITY CORP	674,716	$39,930	1.3%	$41.85	+29.7%	COM	45688C107