WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q1 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-15

Melqart Asset Management (UK) Ltd disclosed 45 US equity positions worth $740.3m in its Q1 2025 13F filing. Its largest position is HES at 11.5% of the reported book, followed by USX1 and AKX. Versus Q4 2024 it opened 21 new positions, added to 11, reduced 13 and exited 18.

$740m
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.
11.5%
Largest position
The largest single position as a share of the reported equity book.
64.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
18
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 2024: 21 new, 11 added, 13 reduced, 18 exited

45 rows
HES HESS CORP–11.5%$84.8m530,710+25%added
USX1 UNITED STATES STL CORP NEW–10.2%$75.3m1.78m−14%reduced
AKX ANSYS INC–9.5%$70.4m222,308−9.4%reduced
ITCIEUR INTRA-CELLULAR THERAPIES INC–7.1%$52.9m400,695–new
AEBA ALLETE INC–5.7%$41.9m637,825+730%added
CYTK CYTOKINETICS INCHealthcare5.4%$40.2m999,447−12%reduced
KEL KELLANOVA–5.3%$39.6m479,858−1.0%reduced
NVDA NVIDIA CORPORATIONTechnology4.4%$32.9m303,937–new
ENSTAR GROUP LIMITED no ticker–3.2%$23.4m70,363–new
JNP JUNIPER NETWORKS INC–2.4%$18.0m497,627−57%reduced
DFSEUR DISCOVER FINL SVCS–2.2%$16.4m96,308+114%added
AVGO BROADCOM INCTechnology2.0%$15.1m90,294+5.0%added
MRVL MARVELL TECHNOLOGY INCTechnology2.0%$15.0m243,448+14%added
G2C EVERI HLDGS INC–1.6%$11.9m872,070–new
PENN PENN ENTERTAINMENT INCConsumer Cyclical1.6%$11.9m729,161–new
BECNUSD BEACON ROOFING SUPPLY INC–1.6%$11.9m96,031–new
AMED AMEDISYS INC–1.5%$11.3m121,479–new
SWTXUSD SPRINGWORKS THERAPEUTICS INC–1.4%$10.6m240,463–new
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology1.4%$10.2m61,217–new
RBRK RUBRIK INC.Technology1.3%$9.7m159,498−42%reduced
WSC WILLSCOT HLDGS CORPIndustrials1.3%$9.6m343,558+6.4%added
SNOW SNOWFLAKE INCTechnology1.3%$9.5m64,659–new
MU MICRON TECHNOLOGY INCTechnology1.2%$8.6m98,537+30%added
CYBERARK SOFTWARE LTD no ticker–1.1%$8.4m24,859–new
SHOP SHOPIFY INCTechnology1.1%$8.3m86,527+20%added
NTNX NUTANIX INCTechnology1.1%$8.2m116,803−34%reduced
WDC WESTERN DIGITAL CORP.Technology1.1%$8.1m200,492+150%added
DT DYNATRACE INCTechnology1.1%$7.9m168,039−37%reduced
MNDY MONDAY COM LTDTechnology0.9%$6.7m27,482−61%reduced
ORCL ORACLE CORPTechnology0.9%$6.6m47,331+33%added
SIMO SILICON MOTION TECHNOLOGY COTechnology0.8%$6.2m123,490−43%reduced
NBIS NEBIUS GROUP N.V.Communication Services0.8%$5.9m279,765+251%added
STX SEAGATE TECHNOLOGY HLDNGS PLTechnology0.8%$5.7m66,899–new
HUBS HUBSPOT INCTechnology0.7%$5.4m9,415−69%reduced
ROIV ROIVANT SCIENCES LTDHealthcare0.7%$5.1m502,584−32%reduced
ANET ARISTA NETWORKS INCTechnology0.6%$4.4m56,388–new
VERX VERTEX INCTechnology0.6%$4.2m118,566–new
APPF APPFOLIO INCTechnology0.4%$3.0m13,633–new
FRO FRONTLINE PLCEnergy0.4%$2.8m187,467–new
K4F ONESTREAM INC–0.4%$2.7m127,158–new
MDB MONGODB INCTechnology0.4%$2.7m15,224−63%reduced
BRZE BRAZE INCTechnology0.4%$2.6m73,342–new
AMSWAUSD LOGILITY SUPPLY CHAIN SOLUTI–0.3%$2.0m138,178–new
AMPSUSD ALTUS POWER INC–0.2%$1.3m266,380–new
ACCDUSD ACCOLADE INC–0.2%$1.3m188,328–new

Exited since Q4 2024

18 rows
HCP2EUR HASHICORP INC5.5%$40.6m
SMARGBP SMARTSHEET INC4.2%$31.0m
ACI ALBERTSONS COMPANIES INC2.9%$21.4m
DJT TRUMP MEDIA & TECHNOLOGY GRO2.5%$18.7m
SW SMURFIT WESTROCK PLC2.0%$15.0m
SEADRILL 2021 LTD no ticker2.0%$14.9m
GXO GXO LOGISTICS INCORPORATED1.6%$11.7m
FYBR FRONTIER COMMUNICATIONS PARE0.8%$5.8m
HPE HEWLETT PACKARD ENTERPRISE C0.7%$5.4m
8QR CONFLUENT INC0.6%$4.7m
CIEN CIENA CORP0.6%$4.2m
TER TERADYNE INC0.5%$3.6m
TENB TENABLE HLDGS INC0.4%$3.2m
VSH VISHAY INTERTECHNOLOGY INC0.4%$3.0m
INTU INTUIT0.4%$2.9m
AMBP ARDAGH METAL PACKAGING S A0.4%$2.8m
FRSH FRESHWORKS INC0.3%$2.0m
INDIVIOR PLC no ticker0.2%$1.3m

Sector mix

  • Unclassified65.4%
  • Technology24.4%
  • Healthcare6.1%
  • Consumer Cyclical1.6%
  • Industrials1.3%
  • Communication Services0.8%
  • Energy0.4%

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