# MAC Alpha Capital Management, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2111003. Source: https://holderbook.com/funds/2111003-mac-alpha-capital-management-lp/

- Reported value: $429.2M
- Positions: 22
- Weight of the ten largest: 76.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $54.2M | 14,453,628 | 12.6% | 3 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $50.4M | 527,578 | 11.7% | 3 |
| AXALTA COATING SYS LTD | [AXTA](https://holderbook.com/stocks/AXTA/) | $44.2M | 1,291,286 | 10.3% | 3 |
| SCIENCE APPLICATIONS INTL CO | [SAIC](https://holderbook.com/stocks/SAIC/) | $38.6M | 349,784 | 9.0% | 3 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $35.2M | 312,382 | 8.2% | 3 |
| ENERGIZER HLDGS INC | [ENR](https://holderbook.com/stocks/ENR/) | $27.7M | 1,289,934 | 6.4% | 3 |
| SIBANYE STILLWATER LTD | [SBSW](https://holderbook.com/stocks/SBSW/) | $27.0M | 3,176,614 | 6.3% | 3 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $21.1M | 833,314 | 4.9% | 3 |
| RANGE RES CORP | [RRC](https://holderbook.com/stocks/RRC/) | $18.6M | 500,912 | 4.3% | 3 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $13.1M | 336,264 | 3.1% | 3 |
| THE CAMPBELLS COMPANY | [CPB](https://holderbook.com/stocks/CPB/) | $12.7M | 569,090 | 3.0% | 3 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $12.5M | 188,800 | 2.9% | 3 |
| ERO COPPER CORP | [ERO](https://holderbook.com/stocks/ERO/) | $11.9M | 446,342 | 2.8% | 3 |
| VALVOLINE INC | [VVV](https://holderbook.com/stocks/VVV/) | $11.0M | 278,712 | 2.6% | 3 |
| VAIL RESORTS INC | [MTN](https://holderbook.com/stocks/MTN/) | $9.2M | 67,400 | 2.1% | 2 |
| LAMB WESTON HLDGS INC | [LW](https://holderbook.com/stocks/LW/) | $9.0M | 208,206 | 2.1% | 3 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $8.8M | 132,350 | 2.0% | 3 |
| AGCO CORP | [AGCO](https://holderbook.com/stocks/AGCO/) | $7.3M | 61,006 | 1.7% | 2 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $7.1M | 113,576 | 1.6% | 3 |
| CORE LABORATORIES INC | [CLB](https://holderbook.com/stocks/CLB/) | $6.1M | 525,788 | 1.4% | 3 |
| PHARMING GROUP NV | [PHAR](https://holderbook.com/stocks/PHAR/) | $2.9M | 2,148,144 | 0.7% | 1 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $706.3K | 4,362 | 0.2% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +0.2% | +14.8% | -14.7% | 100% |
| Q1 2026 | +4.8% | -4.6% | +9.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $429.2M | 22 |
| Q1 2026 | $171.4M | 21 |
| Q4 2025 | $181.8M | 20 |