WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q3 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-09-30, filed 2023-11-14

Melqart Asset Management (UK) Ltd disclosed 35 US equity positions worth $1.4bn in its Q3 2023 13F filing. Its largest position is ATVIEUR at 16.2% of the reported book, followed by VMWEUR and HORIZON THERAPEUTICS PUB L. Versus Q2 2023 it opened 12 new positions, added to 14, reduced 8 and exited 9.

$1.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
35
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.2%
Largest position
The largest single position as a share of the reported equity book.
68.2%
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 Q2 2023: 12 new, 14 added, 8 reduced, 9 exited

35 rows
ATVIEUR ACTIVISION BLIZZARD INC–16.2%$226m2.42m+40%added
VMWEUR VMWARE INC–12.6%$176m1.06m+2.5%added
HORIZON THERAPEUTICS PUB L no ticker–9.4%$131m1.13m−11%reduced
SGENUSD SEAGEN INC–8.1%$113m533,633+0.1%held
CPRI CAPRI HOLDINGS LIMITEDConsumer Cyclical5.7%$79.5m1.51m–new
NVDA NVIDIA CORPORATIONTechnology3.6%$51.0m117,267+22%added
NATIONAL INSTRS CORP no ticker–3.4%$47.9m803,984+54%added
ACI ALBERTSONS COMPANIES INCConsumer Defensive3.2%$44.6m1.96m−3.3%reduced
TSEM TOWER SEMICONDUCTOR LTDTechnology3.1%$43.2m1.76m+18%added
SIMO SILICON MOTION TECHNOLOGY COTechnology3.0%$41.6m811,846+6.0%added
AMZN AMAZON COM INCConsumer Cyclical2.4%$33.8m265,939−3.4%reduced
NEWREUR NEW RELIC INC–2.3%$32.9m384,206–new
AMED AMEDISYS INC–2.3%$32.7m350,328–new
WSC WILLSCOT HLDGS CORPIndustrials2.3%$31.9m765,858+40%added
AMD ADVANCED MICRO DEVICES INCTechnology1.8%$25.4m247,254+48%added
SPLKCHF SPLUNK INC–1.8%$24.9m170,400–new
FRO FRONTLINE PLCEnergy1.7%$23.5m1.25m−15%reduced
TEAM ATLASSIAN CORPORATIONTechnology1.6%$22.9m113,686+74%added
SEADRILL 2021 LTD no ticker–1.6%$22.9m510,733−14%reduced
MRVL MARVELL TECHNOLOGY INCTechnology1.6%$21.8m402,725+39%added
USX1 UNITED STATES STL CORP NEW–1.5%$21.3m655,361–new
ORCL ORACLE CORPTechnology1.3%$17.9m169,450–new
MDB MONGODB INCTechnology1.2%$16.6m47,996+32%added
HUBS HUBSPOT INCTechnology1.1%$15.3m31,102−14%reduced
MU MICRON TECHNOLOGY INCTechnology1.1%$14.9m218,615–new
NTNX NUTANIX INCTechnology0.9%$12.2m350,715–new
ATLANTICA SUSTAINABLE INFR P no ticker–0.8%$11.5m599,998−0.9%reduced
SNOW SNOWFLAKE INCTechnology0.8%$11.4m74,911–new
DDOG DATADOG INCTechnology0.8%$10.7m117,011–new
ABCAM PLC no ticker–0.7%$9.3m409,761–new
ADSK AUTODESK INCTechnology0.6%$8.4m40,661+4.1%added
PCOR PROCORE TECHNOLOGIES INCTechnology0.6%$7.9m120,407+3.7%added
FIVN FIVE9 INCTechnology0.5%$7.1m110,195+9.6%added
HCP2EUR HASHICORP INC–0.5%$6.9m303,107−57%reduced
ENETI INC no ticker–0.09%$1.3m131,653–new

Exited since Q2 2023

9 rows
2JE FOCUS FINL PARTNERS INC2.4%$26.1m
TTD THE TRADE DESK INC1.3%$14.7m
FHN FIRST HORIZON CORPORATION1.3%$14.3m
NOW SERVICENOW INC1.1%$11.9m
ARNC1USD ARCONIC CORPORATION1.1%$11.8m
FORGEROCK INC no ticker0.7%$7.8m
NICE NICE LTD0.6%$6.5m
CDNS CADENCE DESIGN SYSTEM INC0.09%$936k
TECK TECK RESOURCES LTD0.06%$639k

Sector mix

  • Unclassified61.3%
  • Technology23.5%
  • Consumer Cyclical8.1%
  • Consumer Defensive3.2%
  • Industrials2.3%
  • Energy1.7%

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