WhaleCreep

Melqart Asset Management (UK) Ltd 13F holdings, Q3 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-09-30, filed 2025-11-14

Melqart Asset Management (UK) Ltd disclosed 44 US equity positions worth $749.5m in its Q3 2025 13F filing. Its largest position is AEBA at 7.0% of the reported book, followed by CYBERARK SOFTWARE LTD and SNPS. Versus Q2 2025 it opened 23 new positions, added to 9, reduced 12 and exited 9.

$749m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.0%
Largest position
The largest single position as a share of the reported equity book.
49.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
28
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 2025: 23 new, 9 added, 12 reduced, 9 exited

44 rows
AEBA ALLETE INC–7.0%$52.2m786,819−5.8%reduced
CYBERARK SOFTWARE LTD no ticker–6.8%$51.2m105,987+435%added
SNPS SYNOPSYS INCTechnology5.8%$43.2m87,538–new
CYTK CYTOKINETICS INCHealthcare5.7%$43.1m783,774−41%reduced
TXNM TXNM ENERGY INCUtilities4.4%$33.1m584,757–new
KEL KELLANOVA–4.4%$33.0m402,438−4.7%reduced
WNS HLDGS LTD no ticker–3.9%$29.0m380,028–new
TSLA TESLA INCConsumer Cyclical3.7%$28.0m63,022−6.7%reduced
NVDA NVIDIA CORPORATIONTechnology3.7%$27.7m148,460−46%reduced
MRVL MARVELL TECHNOLOGY INCTechnology3.7%$27.4m325,522−19%reduced
AVGO BROADCOM INCTechnology3.4%$25.3m76,786−44%reduced
FYBR FRONTIER COMMUNICATIONS PARE–3.1%$23.2m619,939–new
WDC WESTERN DIGITAL CORP.Technology3.0%$22.5m187,622−30%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology2.8%$21.3m76,125−12%reduced
COIN COINBASE GLOBAL INCFinancial Services2.4%$17.7m52,416–new
CCL CARNIVAL CORPConsumer Cyclical2.3%$17.1m590,105–new
RBRK RUBRIK INC.Technology2.2%$16.8m204,771+112%added
SNDK SANDISK CORPTechnology2.2%$16.7m148,837–new
PRKS UNITED PARKS & RESORTS INCConsumer Cyclical2.1%$15.5m300,178–new
INDIVIOR PLC no ticker–2.0%$14.9m616,863+268%added
PENN PENN ENTERTAINMENT INCConsumer Cyclical1.9%$14.5m754,253+0.5%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.9%$14.4m80,311–new
BIDU BAIDU INCCommunication Services1.8%$13.2m100,146–new
SNOW SNOWFLAKE INCTechnology1.6%$11.8m52,332+160%added
CPRI CAPRI HOLDINGS LIMITEDConsumer Cyclical1.6%$11.6m583,261–new
VRNA VERONA PHARMA PLC–1.5%$11.5m107,991–new
MDB MONGODB INCTechnology1.3%$10.1m32,497–new
SIMO SILICON MOTION TECHNOLOGY COTechnology1.3%$10.1m106,171+83%added
FWRD FORWARD AIR CORPIndustrials1.3%$9.8m382,394–new
NTNX NUTANIX INCTechnology1.2%$8.6m116,079+145%added
WSC WILLSCOT HLDGS CORPIndustrials1.1%$8.5m402,072−7.6%reduced
GOOGL ALPHABET INCCommunication Services1.1%$8.4m34,410−29%reduced
AMZN AMAZON COM INCConsumer Cyclical1.1%$8.2m37,463–new
GDS GDS HLDGS LTDTechnology0.9%$7.0m180,567–new
ANET ARISTA NETWORKS INCTechnology0.9%$6.7m46,048–new
AEVA AEVA TECHNOLOGIES INCTechnology0.7%$5.5m377,340–new
ABVX ABIVAX SAHealthcare0.7%$5.4m64,157–new
8QR CONFLUENT INC–0.7%$4.9m248,445–new
MNDY MONDAY COM LTDTechnology0.6%$4.7m24,426+17%added
MU MICRON TECHNOLOGY INCTechnology0.6%$4.7m27,914–new
DT DYNATRACE INCTechnology0.6%$4.4m89,992+16%added
ESTC ELASTIC N VTechnology0.6%$4.2m49,256–new
SHOP SHOPIFY INCTechnology0.3%$2.1m13,822−77%reduced
FRO FRONTLINE PLCEnergy0.06%$437k19,195–new

Exited since Q2 2025

9 rows
HES HESS CORP15.0%$105m
AKX ANSYS INC11.2%$78.5m
SKAA SKECHERS U S A INC7.9%$55.3m
ENSTAR GROUP LIMITED no ticker4.7%$32.6m
AMD ADVANCED MICRO DEVICES INC2.2%$15.4m
2655787D BLUEPRINT MEDICINES CORP2.0%$14.0m
WBA WALGREENS BOOTS ALLIANCE INC1.5%$10.3m
APPF APPFOLIO INC0.6%$3.9m
AGS PLAYAGS INC0.09%$601k

Sector mix

  • Technology37.4%
  • Unclassified29.3%
  • Consumer Cyclical14.6%
  • Healthcare6.5%
  • Utilities4.4%
  • Communication Services2.9%
  • Industrials2.4%
  • Financial Services2.4%
  • Energy0.06%

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