WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q1 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-03-31, filed 2020-05-15

Melqart Asset Management (UK) Ltd disclosed 37 US equity positions worth $990.1m in its Q1 2020 13F filing. Its largest position is ALLERGAN PLC at 15.5% of the reported book, followed by CYEUR and TIFEUR. Versus Q4 2019 it opened 16 new positions, added to 10, reduced 10 and exited 15.

$990m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
37
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.5%
Largest position
The largest single position as a share of the reported equity book.
71.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
14
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 Q4 2019: 16 new, 10 added, 10 reduced, 15 exited

37 rows
ALLERGAN PLC no ticker–15.5%$154m870,500+24%added
CYEUR CYPRESS SEMICONDUCTOR CORP–13.0%$129m5.53m+62%added
TIFEUR TIFFANY & CO NEW–7.6%$75.6m584,000+66%added
MELLANOX TECHNOLOGIES LTD no ticker–7.3%$72.1m594,000+8.6%added
LOGMEUR LOGMEIN INC–6.9%$68.3m820,000+102%added
WRIGHT MED GROUP N V no ticker–5.5%$54.3m1.90m+38%added
FSCTEUR FORESCOUT TECHNOLOGIES INC–4.1%$40.9m1.29m–new
ETRA E TRADE FINANCIAL CORPHealthcare4.1%$40.8m1.19m–new
TECD1USD TECH DATA CORP–3.6%$35.9m274,000+48%added
AMT TD AMERITRADE HLDG CORPReal Estate3.4%$33.9m977,787–new
WBC1EUR WABCO HLDGS INC–2.8%$28.0m207,315−46%reduced
AVYAUSD AVAYA HLDGS CORP–2.7%$26.6m3.28m+7.6%added
NXPI NXP SEMICONDUCTORS N VTechnology2.1%$20.7m250,000−67%reduced
EL PASO ELEC CO no ticker–2.1%$20.7m304,000–new
IACIEUR IAC INTERACTIVECORP–2.0%$20.2m112,930−58%reduced
VRTX VERTEX PHARMACEUTICALS INCHealthcare1.9%$19.0m80,000−72%reduced
FITEUR FITBIT INC–1.7%$16.5m2.48m+67%added
IOTSEUR ADESTO TECHNOLOGIES CORP–1.5%$15.0m1.34m–new
LMEUR LEGG MASON INC–1.4%$13.9m284,000–new
RARXEUR RA PHARMACEUTICALS INC–1.4%$13.6m283,000–new
QIW QIWI PLC–1.1%$10.9m1.04m−2.4%reduced
HGV HILTON GRAND VACATIONS INCConsumer Cyclical1.1%$10.6m671,710−30%reduced
BRISTOL-MYERS SQUIBB CO no ticker–0.9%$8.8m2.33m+29%added
TEGPUSD TALLGRASS ENERGY LP–0.8%$7.6m462,228–new
TEAM ATLASSIAN CORP PLCTechnology0.7%$6.9m50,376−51%reduced
TCO TAUBMAN CTRS INC–0.6%$6.0m144,000–new
RNG RINGCENTRAL INCTechnology0.6%$5.6m26,451−64%reduced
FTSVEUR FORTY SEVEN INC–0.6%$5.5m57,852–new
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services0.5%$5.1m43,300–new
EA ELECTRONIC ARTS INCCommunication Services0.5%$5.0m50,000–new
ATVIEUR ACTIVISION BLIZZARD INC–0.5%$5.0m84,500–new
FTCHQ FARFETCH LTDConsumer Cyclical0.5%$4.9m622,238−43%reduced
QESEUR QUINTANA ENERGY SVCS INC–0.3%$2.8m3.19m−2.9%reduced
NAV NAVISTAR INTL CORP NEW–0.2%$2.3m142,200–new
AVAYA HLDGS CORP no ticker–0.2%$2.1m2.60m0.0%held
AVLRUSD AVALARA INC–0.2%$2.0m26,521–new
IBERIABANK CORP no ticker–0.04%$394k10,907–new

Exited since Q4 2019

15 rows
ZAYOEUR ZAYO GROUP HLDGS INC6.7%$76.3m
INTERXION HOLDING N.V no ticker3.5%$40.2m
TAK TAKEDA PHARMACEUTICAL CO LTD2.7%$30.7m
INSTEUR INSTRUCTURE INC1.8%$20.8m
MDCOUSD MEDICINES CO1.8%$20.3m
CISION LTD no ticker1.7%$19.7m
ASND ASCENDIS PHARMA A/S1.4%$16.1m
QGEN QIAGEN NV1.1%$12.5m
TWLO TWILIO INC1.0%$11.8m
CLF CLEVELAND CLIFFS INC1.0%$11.5m
ARQLUSD ARQULE INC0.6%$7.4m
FIVN FIVE9 INC0.4%$4.5m
INTELSAT S A no ticker0.3%$3.9m
CONE1EUR CYRUSONE INC0.2%$2.3m
BOLDEUR AUDENTES THERAPEUTICS INC0.09%$1.1m

Sector mix

  • Unclassified84.6%
  • Healthcare6.0%
  • Real Estate3.4%
  • Technology3.4%
  • Consumer Cyclical1.6%
  • Communication Services1.0%

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