WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q4 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-12-31, filed 2020-02-14

Melqart Asset Management (UK) Ltd disclosed 36 US equity positions worth $1.1bn in its Q4 2019 13F filing. Its largest position is ALLERGAN PLC at 11.8% of the reported book, followed by NXPI and CYEUR. Versus Q3 2019 it opened 19 new positions, added to 3, reduced 9 and exited 9.

$1.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
36
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.8%
Largest position
The largest single position as a share of the reported equity book.
63.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
35
Quarters on file since Q4 2017
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2019: 19 new, 3 added, 9 reduced, 9 exited

36 rows
ALLERGAN PLC no ticker–11.8%$135m704,000+16%added
NXPI NXP SEMICONDUCTORS N VTechnology8.5%$97.3m764,935−27%reduced
CYEUR CYPRESS SEMICONDUCTOR CORP–7.0%$79.6m3.41m−11%reduced
ZAYOEUR ZAYO GROUP HLDGS INC–6.7%$76.3m2.20m0.0%held
IACIEUR IAC INTERACTIVECORP–5.8%$66.9m268,462–new
MELLANOX TECHNOLOGIES LTD no ticker–5.6%$64.1m547,088−13%reduced
VRTX VERTEX PHARMACEUTICALS INCHealthcare5.5%$63.0m287,900+80%added
WBC1EUR WABCO HLDGS INC–4.5%$51.9m383,0000.0%held
TIFEUR TIFFANY & CO NEW–4.1%$47.0m351,500–new
WRIGHT MED GROUP N V no ticker–3.6%$41.7m1.37m–new
AVYAUSD AVAYA HLDGS CORP–3.6%$41.2m3.05m−13%reduced
INTERXION HOLDING N.V no ticker–3.5%$40.2m480,000–new
LOGMEUR LOGMEIN INC–3.0%$34.9m406,750–new
HGV HILTON GRAND VACATIONS INCConsumer Cyclical2.9%$32.8m954,200–new
TAK TAKEDA PHARMACEUTICAL CO LTDHealthcare2.7%$30.7m1.56m−6.9%reduced
TECD1USD TECH DATA CORP–2.3%$26.6m185,000–new
INSTEUR INSTRUCTURE INC–1.8%$20.8m431,660–new
QIW QIWI PLC–1.8%$20.6m1.07m+4.1%added
MDCOUSD MEDICINES CO–1.8%$20.3m239,000–new
CISION LTD no ticker–1.7%$19.7m1.98m–new
ASND ASCENDIS PHARMA A/SHealthcare1.4%$16.1m115,404–new
RNG RINGCENTRAL INCTechnology1.1%$12.6m74,413−28%reduced
QGEN QIAGEN NVHealthcare1.1%$12.5m370,600–new
TEAM ATLASSIAN CORP PLCTechnology1.1%$12.4m103,000−3.7%reduced
TWLO TWILIO INCTechnology1.0%$11.8m120,0000.0%held
CLF CLEVELAND CLIFFS INCBasic Materials1.0%$11.5m1.38m–new
FTCHQ FARFETCH LTDConsumer Cyclical1.0%$11.3m1.09m–new
FITEUR FITBIT INC–0.9%$9.8m1.48m–new
QESEUR QUINTANA ENERGY SVCS INC–0.8%$9.2m3.29m0.0%held
ARQLUSD ARQULE INC–0.6%$7.4m369,646–new
BRISTOL-MYERS SQUIBB CO no ticker–0.5%$5.4m1.80m–new
FIVN FIVE9 INCTechnology0.4%$4.5m69,000−40%reduced
INTELSAT S A no ticker–0.3%$3.9m560,403–new
AVAYA HLDGS CORP no ticker–0.2%$2.3m2.60m0.0%held
CONE1EUR CYRUSONE INC–0.2%$2.3m34,782−91%reduced
BOLDEUR AUDENTES THERAPEUTICS INC–0.09%$1.1m17,900–new

Exited since Q3 2019

9 rows
CELG CELGENE CORP13.4%$144m
ALDR1EUR ALDER BIOPHARMACEUTICALS INC4.7%$50.5m
VSMEUR VERSUM MATLS INC4.4%$47.1m
NIELSEN HLDGS PLC no ticker3.4%$36.1m
ACIA ACACIA COMMUNICATIONS INC2.5%$27.1m
PSDOEUR PRESIDIO INC2.3%$24.6m
ATLANTICA SUSTAINABLE INFR P no ticker2.0%$21.0m
CONTURA ENERGY INC no ticker1.4%$15.4m
PBYI PUMA BIOTECHNOLOGY INC0.5%$5.7m

Sector mix

  • Unclassified72.3%
  • Technology12.1%
  • Healthcare10.7%
  • Consumer Cyclical3.9%
  • Basic Materials1.0%

Book over time

Every quarter on file (35)
QuarterPositionsEquity book
Q2 202640$1.1bn
Q1 202641$1.0bn
Q4 202544$999m
Q3 202544$749m
Q2 202530$700m
Q1 202545$740m
Q4 202442$743m
Q3 202446$1.0bn
Q2 202449$1.1bn
Q1 202445$1.3bn
Q4 202336$1.2bn
Q3 202335$1.4bn
Q2 202332$1.1bn
Q1 202332$1.3bn
Q4 202238$1.1bn
Q3 202262$1.2bn
Q2 202261$985m
Q1 202266$1.4bn
Q4 202181$1.8bn
Q3 202193$2.0bn
Q2 2021107$2.2bn
Q1 2021144$1.9bn
Q4 2020107$1.3bn
Q3 202062$890m
Q2 202043$713m
Q1 202037$990m
Q4 201936$1.1bn
Q3 201926$1.1bn
Q2 201925$1.2bn
Q1 201926$837m
Q4 201818$703m
Q3 201821$971m
Q2 201825$1.2bn
Q1 201814$790m
Q4 201714$582m

Where Melqart Asset Management (UK) Ltd was early

17 rows
AVA AVISTA CORPQ2 20186 of 992.1%3.7%2Exited by Q4 2018−4.0%
VRTX VERTEX PHARMACEUTICALS INCQ2 201816 of 1602.7%5.5%14Exited by Q1 2022+29%
OPTU ALTICE USA INCQ2 201819 of 1950.5%2.9%2Exited by Q4 2018+6.3%
RNG RINGCENTRAL INCQ3 201919 of 1851.2%1.2%9Exited by Q1 2022+49%
TEAM ATLASSIAN CORPORATIONQ3 201920 of 2241.3%2.6%18Exited by Q3 2024+41%
NICE NICE LTDQ2 20209 of 1010.8%1.8%10Exited by Q3 2023+9.1%
WSC WILLSCOT HLDGS CORPQ3 202014 of 1771.4%5.1%21Exited by Q4 2025+27%
CZR CAESARS ENTERTAINMENT INC NEQ3 202017 of 2451.4%1.9%4Held at last filing, Q2 2026−46%
AKX ANSYS INCQ4 202010 of 1610.07%11.2%8Exited by Q3 2025−3.5%
COHR COHERENT INCQ1 202122 of 2630.7%7.5%5Exited by Q2 2022+6.0%
MRVL MARVELL TECHNOLOGY INCQ2 20217 of 2731.1%4.4%21Held at last filing, Q2 2026+411%
TXNM TXNM ENERGY INCQ2 20218 of 1312.4%7.4%10Held at last filing, Q2 2026+16%
NMM NAVIOS MARITIME PARTNERS L PQ4 20214 of 350.6%1.2%4Exited by Q4 2022−2.3%
HTZ HERTZ GLOBAL HLDGS INCQ4 20219 of 1386.8%6.8%5Exited by Q1 2023−38%
TSEM TOWER SEMICONDUCTOR LTDQ1 202218 of 1710.6%5.1%9Held at last filing, Q2 2026+439%
RBRK RUBRIK INC.Q3 20246 of 1281.4%2.4%6Exited by Q1 2026+138%
SW SMURFIT WESTROCK PLCQ3 20249 of 983.5%3.5%2Exited by Q1 2025+9.0%

Concentration and tenure

11.5%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
59.8%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters