WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q3 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-09-30, filed 2020-11-16

Melqart Asset Management (UK) Ltd disclosed 62 US equity positions worth $889.8m in its Q3 2020 13F filing. Its largest position is ACIA at 8.7% of the reported book, followed by IMMU and TIFEUR. Versus Q2 2020 it opened 31 new positions, added to 19, reduced 4 and exited 12.

$890m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
62
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.7%
Largest position
The largest single position as a share of the reported equity book.
53.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
25
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 Q2 2020: 31 new, 19 added, 4 reduced, 12 exited

50 of 62
ACIA ACACIA COMMUNICATIONS INC–8.7%$77.5m1.15m+5.3%added
IMMU IMMUNOMEDICS INC–7.6%$68.0m800,000–new
TIFEUR TIFFANY & CO NEW–7.6%$67.5m582,381+1.5%added
WRIGHT MED GROUP N V no ticker–6.5%$57.9m1.90m0.0%held
AVYAUSD AVAYA HLDGS CORP–6.0%$53.6m3.52m+2.9%added
ETRA E TRADE FINANCIAL CORPHealthcare5.8%$51.4m1.03m0.0%held
NXPI NXP SEMICONDUCTORS N VTechnology4.0%$35.5m284,400+10%added
VRTX VERTEX PHARMACEUTICALS INCHealthcare2.9%$25.4m93,500+20%added
VAREUR VARIAN MED SYS INC–2.7%$24.2m140,700–new
FITEUR FITBIT INC–2.1%$18.7m2.68m+16%added
TCO TAUBMAN CTRS INC–2.0%$18.0m539,3270.0%held
ZM ZOOM COMMUNICATIONS INCTechnology1.8%$15.7m33,500–new
SABR SABRE CORPTechnology1.8%$15.6m2.40m–new
MXIM MAXIM INTEGRATED PRODS INC–1.7%$15.5m229,800–new
NICE NICE LTDTechnology1.7%$15.4m68,030+130%added
FIVN FIVE9 INCTechnology1.7%$15.3m117,600–new
GRUBHUB INC no ticker–1.6%$14.1m195,073−35%reduced
HGV HILTON GRAND VACATIONS INCConsumer Cyclical1.6%$14.1m671,7100.0%held
GOOGL ALPHABET INCCommunication Services1.4%$12.8m8,700–new
NAV NAVISTAR INTL CORP NEW–1.4%$12.7m291,200–new
TEAM ATLASSIAN CORP PLCTechnology1.4%$12.5m69,000+50%added
CZR CAESARS ENTERTAINMENT INC NEConsumer Cyclical1.4%$12.5m222,100–new
CRM SALESFORCE INCTechnology1.4%$12.4m49,200+181%added
WSC WILLSCOT HLDGS CORPIndustrials1.4%$12.1m728,300–new
WDAY WORKDAY INCTechnology1.3%$11.6m53,900+66%added
AMZN AMAZON COM INCConsumer Cyclical1.3%$11.6m3,670–new
CRWD CROWDSTRIKE HLDGS INCTechnology1.1%$9.6m69,600–new
SHOP SHOPIFY INCTechnology1.1%$9.5m9,240–new
RNG RINGCENTRAL INCTechnology1.0%$9.3m33,900+36%added
BAND BANDWIDTH INCTechnology1.0%$9.1m52,300–new
META META PLATFORMS INCCommunication Services1.0%$9.1m34,800–new
TWLO TWILIO INCTechnology1.0%$9.0m36,600+565%added
AXON AXON ENTERPRISE INCIndustrials1.0%$8.7m95,930+140%added
NEWREUR NEW RELIC INC–1.0%$8.7m154,000+52%added
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services0.9%$8.3m50,150+15%added
QIW QIWI PLC–0.9%$8.2m472,761−50%reduced
PYPL PAYPAL HLDGS INCFinancial Services0.9%$8.2m41,485–new
ATVIEUR ACTIVISION BLIZZARD INC–0.9%$8.0m99,200+96%added
CYBERARK SOFTWARE LTD no ticker–0.8%$7.1m68,600+180%added
AYXEUR ALTERYX INC–0.7%$6.2m54,350–new
EA ELECTRONIC ARTS INCCommunication Services0.6%$5.7m43,750+92%added
ZNGAEUR ZYNGA INC–0.6%$5.0m550,300–new
DIS DISNEY WALT COCommunication Services0.5%$4.5m36,400–new
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.5%$4.4m47,700–new
MSI MOTOROLA SOLUTIONS INCTechnology0.4%$4.0m25,4000.0%held
SPG SIMON PPTY GROUP INC NEWReal Estate0.4%$3.9m62,000–new
PCTY PAYLOCITY HLDG CORPTechnology0.4%$3.7m23,000+180%added
AVLRUSD AVALARA INC–0.4%$3.6m28,600–new
PAYC PAYCOM SOFTWARE INCTechnology0.4%$3.6m11,5000.0%held
EPR EPR PPTYSReal Estate0.4%$3.5m128,200–new

Exited since Q2 2020

12 rows
LOGMEUR LOGMEIN INC12.6%$89.6m
FSCTEUR FORESCOUT TECHNOLOGIES INC5.6%$39.9m
LMEUR LEGG MASON INC2.8%$19.9m
QGEN QIAGEN NV1.8%$12.7m
DELPHI TECHNOLOGIES PLC no ticker1.6%$11.6m
MEETEUR MEET GROUP INC1.0%$7.5m
FLIR FLIR SYS INC0.9%$6.6m
IBERIABANK CORP no ticker0.5%$3.4m
QESEUR QUINTANA ENERGY SVCS INC0.4%$2.8m
PRO PROS HOLDINGS INC0.3%$2.2m
AVAYA HLDGS CORP no ticker0.3%$2.1m
WORK SLACK TECHNOLOGIES INC0.3%$2.0m

Sector mix

  • Unclassified55.4%
  • Technology22.4%
  • Healthcare8.6%
  • Consumer Cyclical4.9%
  • Communication Services4.5%
  • Industrials2.3%
  • Financial Services0.9%
  • Real Estate0.8%

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