WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-14

Melqart Asset Management (UK) Ltd disclosed 32 US equity positions worth $1.1bn in its Q2 2023 13F filing. Its largest position is VMWEUR at 13.6% of the reported book, followed by ATVIEUR and HORIZON THERAPEUTICS PUB L. Versus Q1 2023 it opened 12 new positions, added to 8, reduced 11 and exited 12.

$1.1bn
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.
13.6%
Largest position
The largest single position as a share of the reported equity book.
72.1%
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 Q1 2023: 12 new, 8 added, 11 reduced, 12 exited

32 rows
VMWEUR VMWARE INC–13.6%$149m1.03m+1.1%added
ATVIEUR ACTIVISION BLIZZARD INC–13.3%$145m1.72m+33%added
HORIZON THERAPEUTICS PUB L no ticker–12.0%$131m1.28m+7.6%added
SGENUSD SEAGEN INC–9.4%$103m533,093+148%added
TSEM TOWER SEMICONDUCTOR LTDTechnology5.1%$55.8m1.49m+28%added
SIMO SILICON MOTION TECHNOLOGY COTechnology5.0%$55.1m766,075−22%reduced
ACI ALBERTSONS COMPANIES INCConsumer Defensive4.0%$44.2m2.02m+539%added
NVDA NVIDIA CORPORATIONTechnology3.7%$40.6m96,029−64%reduced
AMZN AMAZON COM INCConsumer Cyclical3.3%$35.9m275,356−37%reduced
NATIONAL INSTRS CORP no ticker–2.7%$30.0m522,634+75%added
2JE FOCUS FINL PARTNERS INC–2.4%$26.1m497,100–new
WSC WILLSCOT HLDGS CORPIndustrials2.4%$26.1m545,786−40%reduced
SEADRILL 2021 LTD no ticker–2.2%$24.4m591,385–new
FRO FRONTLINE PLCEnergy2.0%$21.4m1.47m−50%reduced
HUBS HUBSPOT INCTechnology1.8%$19.2m36,147−56%reduced
AMD ADVANCED MICRO DEVICES INCTechnology1.7%$19.0m166,502–new
HCP2EUR HASHICORP INC–1.7%$18.6m709,196–new
MRVL MARVELL TECHNOLOGY INCTechnology1.6%$17.3m289,746−60%reduced
MDB MONGODB INCTechnology1.4%$14.9m36,343−69%reduced
TTD THE TRADE DESK INCCommunication Services1.3%$14.7m190,363−24%reduced
FHN FIRST HORIZON CORPORATIONFinancial Services1.3%$14.3m1.27m−48%reduced
ATLANTICA SUSTAINABLE INFR P no ticker–1.3%$14.2m605,1540.0%held
NOW SERVICENOW INCTechnology1.1%$11.9m21,208+16%added
ARNC1USD ARCONIC CORPORATION–1.1%$11.8m400,000–new
TEAM ATLASSIAN CORPORATIONTechnology1.0%$10.9m65,212–new
FIVN FIVE9 INCTechnology0.8%$8.3m100,539–new
ADSK AUTODESK INCTechnology0.7%$8.0m39,066−51%reduced
FORGEROCK INC no ticker–0.7%$7.8m378,619–new
PCOR PROCORE TECHNOLOGIES INCTechnology0.7%$7.6m116,072–new
NICE NICE LTDTechnology0.6%$6.5m31,521–new
CDNS CADENCE DESIGN SYSTEM INCTechnology0.09%$936k3,990–new
TECK TECK RESOURCES LTDBasic Materials0.06%$639k15,171–new

Exited since Q1 2023

12 rows
ADBE ADOBE INC3.8%$50.6m
INTU INTUIT2.6%$34.3m
MAXRUSD MAXAR TECHNOLOGIES INC2.3%$30.3m
TOST TOAST INC1.4%$18.5m
ANET ARISTA NETWORKS INC1.2%$16.1m
EPAM EPAM SYS INC1.2%$16.0m
GLOB GLOBANT S A1.0%$13.5m
CRWD CROWDSTRIKE HLDGS INC0.8%$10.4m
WDAY WORKDAY INC0.7%$8.9m
GTLB GITLAB INC0.7%$8.8m
CMBT CMB.TECH NV0.2%$3.1m
OSH3USD OAK STR HEALTH INC0.1%$1.9m

Sector mix

  • Unclassified60.4%
  • Technology25.2%
  • Consumer Defensive4.0%
  • Consumer Cyclical3.3%
  • Industrials2.4%
  • Energy2.0%
  • Communication Services1.3%
  • Financial Services1.3%
  • Basic Materials0.06%

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