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KC

Kellner Capital Portfolio holdings

AUM $55.5M Turnover 94.59%
1-Year Est. Return 88.05%
This Fund
S&P 500
This Quarter Est. Return
+19.1%
1 Year Est. Return
+88.05%
3 Year Est. Return
+389.89%
5 Year Est. Return
+1,483.74%
10 Year Est. Return
–
AUM
$55.5M
AUM Growth
-$29.5M
Cap. Flow
-$33.2M
Cap. Flow %
-59.79%
Top 10 Hldgs %
82.85%
Holding
37
New
16
Increased
2
Reduced
–
Closed
19
Avg Time Held
0 years
Top 10 Avg Time Held
0 years
Top 20 Avg Time Held
0 years

Top Buys

Rank Stock Value
1
HES icon
Hess
HES
+$11.5M
2
SPLK icon
Splunk Inc
SPLK
+$7.38M
3
PXD icon
Pioneer Natural Resource Co.
PXD
+$6.26M
4
CPRI icon
Capri Holdings
CPRI
+$4.17M
5
SP icon
SP Plus Corporation
SP
+$3.4M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$14.1M
2
DEN
Denbury Inc.
DEN
+$12.9M
3
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$12.3M
4
VMW
VMware, Inc
VMW
+$10.7M
5
NATI
National Instruments Corp
NATI
+$10.3M

Sector Composition

Rank Sector Weight
1 Energy 31.27%
2 Technology 21.28%
3 Healthcare 13.33%
4 Real Estate 11.14%
5 Industrials 9.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AVTA
26
DELISTED
Avantax, Inc. Common Stock
AVTA
– –
-37,600
Closed -$962K –
VMW
27
DELISTED
VMware, Inc
VMW
– –
-64,008
Closed -$10.7M –
ARGO
28
DELISTED
Argo Group International Holdings, Ltd.
ARGO
– –
-33,898
Closed -$1.01M –
NXGN
29
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
– –
-33,500
Closed -$795K –
NEWR
30
DELISTED
New Relic, Inc.
NEWR
– –
-98,372
Closed -$8.42M –
AVID
31
DELISTED
Avid Technology Inc
AVID
– –
-69,034
Closed -$1.86M –
DEN
32
DELISTED
Denbury Inc.
DEN
– –
-131,760
Closed -$12.9M –
SCPL
33
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
– –
-8,920
Closed -$203K –
CIR icon
34
DELISTED
CIRCOR International, Inc
CIR
– –
-52,115
Closed -$2.9M –
NATI
35
DELISTED
National Instruments Corp
NATI
– –
-171,949
Closed -$10.3M –
HZNP
36
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-106,400
Closed -$12.3M –
ATVI
37
DELISTED
Activision Blizzard
ATVI
– –
-150,072
Closed -$14.1M –
1
2

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SC
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JCI
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AOGP
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HPWM
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Kellner Capital's Q4 2023 Portfolio in Review

As of Q4 2023, Kellner Capital held 37 positions worth $55.5M, down 35% from $85M the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Kellner Capital withdrew a net $33.2M in Q4 2023, closing 19 positions. Its most notable exit was Activision Blizzard, an estimated $14.1M position sold in full.

By sector, the portfolio is most concentrated in Energy at 31% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Kellner Capital opened a new position in Hess worth $11.4M.

  • Kellner Capital's largest Q4 2023 buy was Hess: 78,752 shares worth $11.4M.
  • Kellner Capital added most to Sovos Brands, Inc. Common Stock in Q4 2023, an estimated $2.23M increase.
  • Kellner Capital fully exited Activision Blizzard in Q4 2023, selling an estimated $14.1M.
  • Kellner Capital's ten largest holdings make up 83% of its $55.5M portfolio in Q4 2023.
  • Kellner Capital opened 16 new positions and closed 19 in Q4 2023.
  • Kellner Capital's portfolio value fell 35% quarter-over-quarter to $55.5M.

Based on Kellner Capital's 13F filing for Q4 2023, filed 7 Feb 2024.