WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

Melqart Asset Management (UK) Ltd disclosed 32 US equity positions worth $1.3bn in its Q1 2023 13F filing. Its largest position is FRO at 16.7% of the reported book, followed by HORIZON THERAPEUTICS PUB L and VMWEUR. Versus Q4 2022 it opened 17 new positions, added to 8, reduced 7 and exited 23.

$1.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
32
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.7%
Largest position
The largest single position as a share of the reported equity book.
68.5%
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 2022: 17 new, 8 added, 7 reduced, 23 exited

32 rows
FRO FRONTLINE PLCEnergy16.7%$224m2.95m+49%added
HORIZON THERAPEUTICS PUB L no ticker–9.7%$129m1.19m+63%added
VMWEUR VMWARE INC–9.5%$128m1.02m+727%added
ATVIEUR ACTIVISION BLIZZARD INC–8.3%$111m1.29m−15%reduced
NVDA NVIDIA CORPORATIONTechnology5.5%$73.8m265,815+42%added
SIMO SILICON MOTION TECHNOLOGY COTechnology4.8%$64.2m979,212+48%added
ADBE ADOBE INCTechnology3.8%$50.6m131,203+24%added
TSEM TOWER SEMICONDUCTOR LTDTechnology3.7%$49.4m1.16m+106%added
AMZN AMAZON COM INCConsumer Cyclical3.4%$45.0m435,699−19%reduced
SGENUSD SEAGEN INC–3.2%$43.5m214,708–new
FHN FIRST HORIZON CORPORATIONFinancial Services3.2%$43.4m2.44m–new
WSC WILLSCOT HLDGS CORPIndustrials3.2%$42.6m907,696−30%reduced
HUBS HUBSPOT INCTechnology2.6%$35.3m82,445−39%reduced
INTU INTUITTechnology2.6%$34.3m76,990–new
MRVL MARVELL TECHNOLOGY INCTechnology2.4%$31.6m728,734−0.8%reduced
MAXRUSD MAXAR TECHNOLOGIES INC–2.3%$30.3m593,798+470%added
MDB MONGODB INCTechnology2.0%$27.0m115,715−2.3%reduced
TOST TOAST INCTechnology1.4%$18.5m1.04m–new
ATLANTICA SUSTAINABLE INFR P no ticker–1.3%$17.9m605,154–new
ADSK AUTODESK INCTechnology1.2%$16.5m79,256–new
ANET ARISTA NETWORKS INCTechnology1.2%$16.1m95,885–new
EPAM EPAM SYS INCTechnology1.2%$16.0m53,349−56%reduced
NATIONAL INSTRS CORP no ticker–1.2%$15.6m298,530–new
TTD THE TRADE DESK INCCommunication Services1.1%$15.3m250,942–new
GLOB GLOBANT S ATechnology1.0%$13.5m82,318–new
CRWD CROWDSTRIKE HLDGS INCTechnology0.8%$10.4m76,080–new
WDAY WORKDAY INCTechnology0.7%$8.9m43,247–new
GTLB GITLAB INCTechnology0.7%$8.8m256,111–new
NOW SERVICENOW INCTechnology0.6%$8.5m18,250–new
ACI ALBERTSONS COMPANIES INCConsumer Defensive0.5%$6.6m316,853–new
CMBT CMB.TECH NVEnergy0.2%$3.1m200,080–new
OSH3USD OAK STR HEALTH INC–0.1%$1.9m50,000–new

Exited since Q4 2022

23 rows
TGNA TEGNA INC6.8%$77.0m
SJIEUR SOUTH JERSEY INDS INC4.5%$50.5m
LHCGUSD LHC GROUP INC4.3%$48.5m
S76 STORE CAP CORP3.1%$35.3m
AMD ADVANCED MICRO DEVICES INC3.0%$33.8m
SGFYGBP SIGNIFY HEALTH INC2.7%$30.5m
FORGEROCK INC no ticker2.6%$29.0m
1LIFE HEALTHCARE INC no ticker2.6%$29.0m
AIMCUSD ALTRA INDL MOTION CORP2.5%$28.9m
EVOP1EUR EVO PMTS INC2.0%$22.7m
FIVN FIVE9 INC1.8%$20.1m
HTZ HERTZ GLOBAL HLDGS INC1.5%$16.9m
SNOW SNOWFLAKE INC1.3%$15.3m
COUPEUR COUPA SOFTWARE INC1.3%$14.8m
TEAM ATLASSIAN CORPORATION1.2%$13.4m
TSLA TESLA INC1.1%$12.4m
FRSH FRESHWORKS INC1.0%$11.7m
VRNS VARONIS SYS INC1.0%$11.3m
AYXEUR ALTERYX INC0.7%$7.5m
TYL TYLER TECHNOLOGIES INC0.7%$7.4m
QGEN QIAGEN NV0.6%$6.9m
POSHEUR POSHMARK INC0.3%$3.6m
ERMENEGILDO ZEGNA N V no ticker0.03%$352k

Sector mix

  • Technology36.1%
  • Unclassified35.6%
  • Energy16.9%
  • Consumer Cyclical3.4%
  • Financial Services3.2%
  • Industrials3.2%
  • Communication Services1.1%
  • Consumer Defensive0.5%

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