WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q1 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-03-31, filed 2024-05-15

Melqart Asset Management (UK) Ltd disclosed 45 US equity positions worth $1.3bn in its Q1 2024 13F filing. Its largest position is PXDEUR at 13.9% of the reported book, followed by ACI and CPRI. Versus Q4 2023 it opened 18 new positions, added to 10, reduced 16 and exited 9.

$1.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
45
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.9%
Largest position
The largest single position as a share of the reported equity book.
54.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
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 2023: 18 new, 10 added, 16 reduced, 9 exited

45 rows
PXDEUR PIONEER NAT RES CO–13.9%$186m709,626+27%added
ACI ALBERTSONS COMPANIES INCConsumer Defensive6.2%$83.9m3.91m+65%added
CPRI CAPRI HOLDINGS LIMITEDConsumer Cyclical5.8%$78.6m1.73m+14%added
USX1 UNITED STATES STL CORP NEW–5.2%$70.3m1.73m+27%added
CYTK CYTOKINETICS INCHealthcare5.1%$68.9m983,395–new
HES HESS CORP–4.3%$57.3m375,442−31%reduced
AMED AMEDISYS INC–3.8%$51.2m555,443−15%reduced
AKX ANSYS INC–3.5%$47.7m137,383+115%added
NVDA NVIDIA CORPORATIONTechnology3.4%$46.3m51,285−49%reduced
SIMO SILICON MOTION TECHNOLOGY COTechnology3.0%$40.5m526,669−33%reduced
CERE1EUR CEREVEL THERAPEUTICS HLDNG I–3.0%$39.9m944,364+230%added
MU MICRON TECHNOLOGY INCTechnology2.9%$39.2m332,260+76%added
AXNX* AXONICS INC–2.6%$35.4m512,759–new
SNOW SNOWFLAKE INCTechnology2.5%$33.6m207,864+13%added
JNP JUNIPER NETWORKS INC–2.4%$31.9m861,609–new
AMZN AMAZON COM INCConsumer Cyclical2.4%$31.8m176,194−51%reduced
SEADRILL 2021 LTD no ticker–2.3%$30.6m607,470−1.2%reduced
MRVL MARVELL TECHNOLOGY INCTechnology2.1%$28.8m406,598−21%reduced
DT DYNATRACE INCTechnology2.1%$27.9m600,551–new
AVGO BROADCOM INCTechnology1.7%$22.4m16,863+16%added
WSC WILLSCOT HLDGS CORPIndustrials1.6%$21.5m462,033−50%reduced
ATLANTICA SUSTAINABLE INFR P no ticker–1.6%$21.1m1.14m−0.5%held
HUBS HUBSPOT INCTechnology1.5%$20.1m32,007+16%added
NTNX NUTANIX INCTechnology1.5%$19.5m316,009−26%reduced
RCM1USD R1 RCM INC–1.4%$19.4m1.51m–new
MDB MONGODB INCTechnology1.4%$18.8m52,552−34%reduced
DFSEUR DISCOVER FINL SVCS–1.3%$16.8m128,471–new
TCN1EUR TRICON RESIDENTIAL INC–1.2%$16.4m1.47m–new
FRO FRONTLINE PLCEnergy1.2%$16.4m700,147−23%reduced
TEAM ATLASSIAN CORPORATIONTechnology1.1%$14.8m76,010−27%reduced
GMED GLOBUS MED INCHealthcare0.9%$11.7m218,913–new
CIEN CIENA CORPTechnology0.7%$9.3m188,861–new
STNG SCORPIO TANKERS INCEnergy0.7%$8.9m124,527–new
FROG JFROG LTDTechnology0.7%$8.8m199,313−21%reduced
WDC WESTERN DIGITAL CORP.Technology0.6%$8.3m122,109–new
HPE HEWLETT PACKARD ENTERPRISE CTechnology0.6%$7.8m442,738–new
ADBE ADOBE INCTechnology0.6%$7.8m15,368–new
FIVN FIVE9 INCTechnology0.6%$7.7m124,681−3.6%reduced
DOCU DOCUSIGN INCTechnology0.5%$7.2m121,305−68%reduced
TWLO TWILIO INCTechnology0.5%$6.3m103,599–new
FRSH FRESHWORKS INCTechnology0.5%$6.3m344,997–new
PCTY PAYLOCITY HLDG CORPTechnology0.4%$5.3m30,795–new
ESTC ELASTIC N VTechnology0.3%$4.4m43,878–new
ADSK AUTODESK INCTechnology0.3%$3.9m15,011−63%reduced
AMBP ARDAGH METAL PACKAGING S AConsumer Cyclical0.3%$3.5m1.03m–new

Exited since Q4 2023

9 rows
SPLKCHF SPLUNK INC7.9%$97.4m
TSEM TOWER SEMICONDUCTOR LTD2.9%$35.3m
SOVO SOVOS BRANDS INC2.2%$27.6m
KRTX KARUNA THERAPEUTICS INC1.3%$15.9m
IMGNEUR IMMUNOGEN INC1.3%$15.8m
P EVERPURE INC1.2%$15.3m
TEXTAINER GROUP HOLDINGS LTD no ticker1.2%$15.2m
M Macy's, Inc0.4%$4.8m
TELLEUR TELLURIAN INC NEW0.2%$1.9m

Sector mix

  • Unclassified46.4%
  • Technology29.4%
  • Consumer Cyclical8.5%
  • Consumer Defensive6.2%
  • Healthcare6.0%
  • Energy1.9%
  • Industrials1.6%

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