Maple Rock Capital Partners, Inc.

Portfolio Overview

Maple Rock Capital Partners, Inc. disclosed 44 positions worth $3.1B in its Form 13F-HR for Q1 2026, led by $WDC (WESTERN DIGITAL CORP) at 12.3% of the equity portfolio, followed by $EQX and $STX. During the quarter the fund opened 13 new positions and exited 7 — including a new stake in $TFII and a full exit from $SDA. The portfolio is most concentrated in Materials (25.6% of disclosed assets). All figures are sourced directly from Maple Rock Capital Partners, Inc.’s Form 13F-HR filing with the SEC under CIK 1658363.

• 

  WESTERN DIGITAL CORP

  $WDC

  76.8#98

  Quality

  $378.8M1,400,434 sh
• 

  Equinox Gold Corp.

  $EQX

  —

  Quality

  $280.8M19,424,648 sh
• 

  Seagate Technology Holdings plc

  $STX

  —

  Quality

  $209.2M533,985 sh
• 

  CLEVELAND-CLIFFS INC.

  $CLF

  35.7

  Quality

  $175.3M20,745,557 sh
• 

  TFI International Inc.

  $TFII

  —

  Quality

  $147.9M1,361,831 sh
• 

  Brookdale Senior Living Inc.

  $BKD

  43.1

  Quality

  $111.6M8,157,148 sh
• 

  Sandisk Corp

  $SNDK

  88.8

  Quality

  $105.8M166,500 sh
• 

  British American Tobacco p.l.c.

  $BTI

  —

  Quality

  $92.9M1,589,100 sh
• 

  JD.com, Inc.

  $JD

  —

  Quality

  $89.5M3,026,262 sh
• 

  LOUISIANA-PACIFIC CORP

  $LPX

  50.7

  Quality

  $80.9M1,112,559 sh

Company	Quality	Value	Shares
WESTERN DIGITAL CORP$WDC	76.8#98	$378.8M	1,400,434
Equinox Gold Corp.$EQX	—	$280.8M	19,424,648
Seagate Technology Holdings plc$STX	—	$209.2M	533,985
CLEVELAND-CLIFFS INC.$CLF	35.7	$175.3M	20,745,557
TFI International Inc.$TFII	—	$147.9M	1,361,831
Brookdale Senior Living Inc.$BKD	43.1	$111.6M	8,157,148
Sandisk Corp$SNDK	88.8	$105.8M	166,500
British American Tobacco p.l.c.$BTI	—	$92.9M	1,589,100
JD.com, Inc.$JD	—	$89.5M	3,026,262
LOUISIANA-PACIFIC CORP$LPX	50.7	$80.9M	1,112,559

Showing top 10 of 44 holdings.

Full Holdings — Maple Rock Capital Partners, Inc. (Q1 2026)

All 44 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$WDC	WESTERN DIGITAL CORP	$378.8M	12.3%	-41%	76.8
2	$EQX	Equinox Gold Corp.	$280.8M	9.1%	-4%	—
3	$STX	Seagate Technology Holdings plc	$209.2M	6.8%	-20%	—
4	$CLF	CLEVELAND-CLIFFS INC.	$175.3M	5.7%	+68%	35.7
5	$TFII	TFI International Inc.	$147.9M	4.8%	NEW	—
6	$BKD	Brookdale Senior Living Inc.	$111.6M	3.6%	-4%	43.1
7	$SNDK	Sandisk Corp	$105.8M	3.4%	-66%	88.8
8	$BTI	British American Tobacco p.l.c.	$92.9M	3.0%	-4%	—
9	$JD	JD.com, Inc.	$89.5M	2.9%	+58%	—
10	$LPX	LOUISIANA-PACIFIC CORP	$80.9M	2.6%	+89%	50.7
11	$CVS	CVS HEALTH Corp	$75.3M	2.5%	+28%	51.3
12	$MT	ArcelorMittal	$73.5M	2.4%	-13%	—
13	$AAP	ADVANCE AUTO PARTS INC	$68.5M	2.2%	-4%	42.3
14	$ASTL	Algoma Steel Group Inc.	$65.8M	2.1%	+10%	—
15	$XPO	XPO, Inc.	$62.3M	2.0%	NEW	55.3
16	$LKQ	LKQ CORP	$60.7M	2.0%	+97%	54.3
17	$AA	Alcoa Corp	$59.9M	1.9%	-72%	66.2
18	$HUM	HUMANA INC	$59.8M	1.9%	+100%	82
19	$UNH	UNITEDHEALTH GROUP INC	$58.3M	1.9%	+292%	66.8
20	$LYFT	Lyft, Inc.	$54.9M	1.8%	-4%	63.1
21	$WAB	WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP	$53.8M	1.8%	NEW	70.8
22	$ASO	Academy Sports & Outdoors, Inc.	$47.4M	1.5%	NEW	54.2
23	$RKT	Rocket Companies, Inc.	$44.6M	1.4%	+72%	—
24	$NGVT	Ingevity Corp	$43.0M	1.4%	-11%	52.7
25	$RUN	Sunrun Inc.	$40.7M	1.3%	-44%	54.6
26	$ARCB	ARCBEST CORP /DE/	$39.8M	1.3%	+181%	42.9
27	$GT	GOODYEAR TIRE & RUBBER CO /OH/	$38.6M	1.3%	+46%	32.6
28	$TPB	Turning Point Brands, Inc.	$37.8M	1.2%	+9%	57.7
29	$ICLR	ICON PLC	$37.1M	1.2%	NEW	—
30	$BTG	B2GOLD CORP	$37.0M	1.2%	NEW	—
31	$THO	THOR INDUSTRIES INC	$36.9M	1.2%	+170%	52.7
32	$WGO	WINNEBAGO INDUSTRIES INC	$36.3M	1.2%	NEW	46.6
33	$RYAM	RAYONIER ADVANCED MATERIALS INC.	$36.1M	1.2%	NEW	31.1
34	$LVS	LAS VEGAS SANDS CORP	$35.7M	1.2%	-52%	73.7
35	$WHR	WHIRLPOOL CORP /DE/	$32.0M	1.0%	+47%	40.6
36	$MOH	MOLINA HEALTHCARE, INC.	$22.6M	0.7%	-25%	60.5
37	$CNC	CENTENE CORP	$21.5M	0.7%	-35%	52.7
38	$KNX	Knight-Swift Transportation Holdings Inc.	$21.1M	0.7%	NEW	49.3
39	$NUE	NUCOR CORP	$19.8M	0.6%	NEW	58.9
40	$FBIN	Fortune Brands Innovations, Inc.	$18.9M	0.6%	NEW	48.7
41	$ELV	Elevance Health, Inc.	$18.2M	0.6%	NEW	59.4
42	$WERN	WERNER ENTERPRISES INC	$16.3M	0.5%	-30%	39.2
43	$CAR	AVIS BUDGET GROUP, INC.	$13.5M	0.4%	NEW	49.2
44	$HCC	WARRIOR MET COAL, INC.	$13.3M	0.4%	-91%	42.1