WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Melqart Asset Management (UK) Ltd disclosed 36 US equity positions worth $1.2bn in its Q4 2023 13F filing. Its largest position is PXDEUR at 10.2% of the reported book, followed by SPLKCHF and HES. Versus Q3 2023 it opened 14 new positions, added to 13, reduced 7 and exited 13.

$1.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
36
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.2%
Largest position
The largest single position as a share of the reported equity book.
57.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
22
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 Q3 2023: 14 new, 13 added, 7 reduced, 13 exited

36 rows
PXDEUR PIONEER NAT RES CO–10.2%$126m559,897–new
SPLKCHF SPLUNK INC–7.9%$97.4m639,521+275%added
HES HESS CORP–6.4%$78.7m546,249–new
CPRI CAPRI HOLDINGS LIMITEDConsumer Cyclical6.2%$76.3m1.52m+0.4%held
USX1 UNITED STATES STL CORP NEW–5.3%$65.8m1.35m+107%added
AMED AMEDISYS INC–5.0%$62.2m653,828+87%added
AMZN AMAZON COM INCConsumer Cyclical4.4%$54.8m360,352+36%added
ACI ALBERTSONS COMPANIES INCConsumer Defensive4.4%$54.6m2.37m+21%added
NVDA NVIDIA CORPORATIONTechnology4.0%$49.8m100,520−14%reduced
SIMO SILICON MOTION TECHNOLOGY COTechnology3.9%$48.0m783,761−3.5%reduced
WSC WILLSCOT HLDGS CORPIndustrials3.3%$41.3m927,247+21%added
SNOW SNOWFLAKE INCTechnology3.0%$36.7m184,436+146%added
TSEM TOWER SEMICONDUCTOR LTDTechnology2.9%$35.3m1.16m−34%reduced
MDB MONGODB INCTechnology2.6%$32.6m79,811+66%added
MRVL MARVELL TECHNOLOGY INCTechnology2.5%$31.2m517,382+28%added
SEADRILL 2021 LTD no ticker–2.3%$29.1m614,765+20%added
SOVO SOVOS BRANDS INC–2.2%$27.6m1.25m–new
ATLANTICA SUSTAINABLE INFR P no ticker–2.0%$24.7m1.15m+91%added
TEAM ATLASSIAN CORPORATIONTechnology2.0%$24.6m103,621−8.9%reduced
AKX ANSYS INC–1.9%$23.2m64,000–new
DOCU DOCUSIGN INCTechnology1.8%$22.9m384,800–new
NTNX NUTANIX INCTechnology1.6%$20.3m426,082+21%added
FRO FRONTLINE PLCEnergy1.5%$18.2m906,944−28%reduced
AVGO BROADCOM INCTechnology1.3%$16.2m14,556–new
MU MICRON TECHNOLOGY INCTechnology1.3%$16.1m188,909−14%reduced
HUBS HUBSPOT INCTechnology1.3%$16.1m27,681−11%reduced
KRTX KARUNA THERAPEUTICS INC–1.3%$15.9m50,194–new
IMGNEUR IMMUNOGEN INC–1.3%$15.8m531,324–new
P EVERPURE INCTechnology1.2%$15.3m428,658–new
TEXTAINER GROUP HOLDINGS LTD no ticker–1.2%$15.2m308,892–new
CERE1EUR CEREVEL THERAPEUTICS HLDNG I–1.0%$12.1m286,393–new
FIVN FIVE9 INCTechnology0.8%$10.2m129,282+17%added
ADSK AUTODESK INCTechnology0.8%$9.9m40,6620.0%held
FROG JFROG LTDTechnology0.7%$8.7m250,991–new
M Macy's, IncConsumer Cyclical0.4%$4.8m238,500–new
TELLEUR TELLURIAN INC NEW–0.2%$1.9m2.50m–new

Exited since Q3 2023

13 rows
ATVIEUR ACTIVISION BLIZZARD INC16.2%$226m
VMWEUR VMWARE INC12.6%$176m
HORIZON THERAPEUTICS PUB L no ticker9.4%$131m
SGENUSD SEAGEN INC8.1%$113m
NATIONAL INSTRS CORP no ticker3.4%$47.9m
NEWREUR NEW RELIC INC2.3%$32.9m
AMD ADVANCED MICRO DEVICES INC1.8%$25.4m
ORCL ORACLE CORP1.3%$17.9m
DDOG DATADOG INC0.8%$10.7m
ABCAM PLC no ticker0.7%$9.3m
PCOR PROCORE TECHNOLOGIES INC0.6%$7.9m
HCP2EUR HASHICORP INC0.5%$6.9m
ENETI INC no ticker0.09%$1.3m

Sector mix

  • Unclassified48.1%
  • Technology31.8%
  • Consumer Cyclical11.0%
  • Consumer Defensive4.4%
  • Industrials3.3%
  • Energy1.5%

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