Mac Alpha Capital Management, LP Q2 2026 Portfolio Changes: Key Holdings Increases and Decreases

Mac Alpha Capital Management, LP's portfolio, valued at $213.1 million as of June 30, 2026, showed notable shifts in its holdings during the quarter. The investment firm demonstrated active trading, with substantial increases in certain stocks and exits from others, indicating a dynamic approach to portfolio management.

Major Purchases

The investor significantly boosted its positions in several companies, reflecting confidence in certain sectors. B2Gold Corp (BTG) saw a substantial increase of 47.01% in shares, while Sibanye Stillwater Ltd (SBSW) experienced an even larger jump of 81.36%. These moves in the B2Gold Corp and Sibanye Stillwater Ltd highlight the investor's focus on the Basic Materials sector.

Additionally, the investor showed strong interest in consumer-related companies. AXalta Coating Systems Ltd (AXTA) increased by 45.94%, and Clorox Co Del (CLX) added shares worth an 88.73% increase. The investor also significantly added to its holdings in Allison Transmission Hldgs I (ALSN), ENERGIZER Hldgs Inc (ENR), and RANGE RES Corp (RRC). Furthermore, new positions were initiated in ADVANCE AUTO Parts Inc (AAP) and VALVOLINE Inc (VVV), suggesting diversification into the Consumer Cyclical space.

These purchases, including additions to AXalta Coating Systems Ltd, Clorox Co Del, Allison Transmission Hldgs I, and others, contributed to the overall portfolio growth and potentially altered the sector allocations.

Significant Sales

Conversely, the investor disposed of substantial portions of its holdings in some stocks during Q2 2026. The most notable sale was the reduction of TechnipFMC PLC (FTI) shares, which experienced a steep decline of 65.14% in the investor's holdings. This suggests a strategic exit from this position, possibly due to achieving targets or shifting strategic focus.

Another notable sale was the reduction in TechnipFMC PLC (FTI) holdings, which decreased by 65.14%. The investor also sold a considerable portion of its stake in B2Gold Corp (BTG), though the percentage change was slightly lower at 47.01%, but still substantial. Additionally, the investor reduced its position in B2Gold Corp (BTG) by 47.01%, indicating a reversal of a previous bet.

Furthermore, the investor sold its position in TechnipFMC PLC (FTI) and TechnipFMC PLC (FTI) and also reduced its stake in B2Gold Corp (BTG) (though this was a net increase overall). These sales, particularly the large sale of TechnipFMC PLC, might signal a change in sentiment towards specific industries or a strategic rebalancing of the portfolio.

The quarter's changes resulted in a mixed bag of activities for Mac Alpha Capital Management, LP. While the portfolio increased overall, the firm also strategically exited positions, notably in TechnipFMC PLC and B2Gold Corp (BTG). The significant sales, including the reduction in TechnipFMC PLC and B2Gold Corp, were substantial, indicating a deliberate shift away from certain investments.

The investor's actions suggest a focus on capitalizing on growth opportunities, particularly in the Consumer Defensive and Consumer Cyclical sectors, while simultaneously managing risk by reducing exposure in others. The portfolio now includes companies like CPB Corp Plc and GNTX Inc, which also showed increases, but the overall strategy involved both strategic additions and disposals.

For detailed insights into Mac Alpha Capital Management, LP's investment strategy and performance, you can explore their holdings and filings on InsiderVault.