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KC

Kellner Capital Portfolio holdings

AUM $55.5M
1-Year Est. Return 88.05%
This Fund
S&P 500
This Quarter Est. Return
+22.49%
1 Year Est. Return
+88.05%
3 Year Est. Return
+389.89%
5 Year Est. Return
+1,483.74%
10 Year Est. Return
–
AUM
$71.7M
AUM Growth
-$14M
Cap. Flow
-$18.1M
Cap. Flow %
-25.22%
Top 10 Hldgs %
67.62%
Holding
51
New
18
Increased
7
Reduced
–
Closed
22

Top Buys

Rank Stock Value
1
FOCS
Focus Financial Partners Inc. Class A
FOCS
+$5.28M
2
FHN icon
First Horizon
FHN
+$4.25M
3
UNVR
Univar Solutions Inc.
UNVR
+$3.86M
4
NATI
National Instruments Corp
NATI
+$3.84M
5
INDT
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
+$3.71M

Top Sells

Rank Stock Value
1
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$10.8M
2
STOR
STORE Capital Corporation
STOR
+$8.94M
3
POSH
Poshmark, Inc. Class A Common Stock
POSH
+$5.88M
4
EVOP
EVO Payments, Inc. Class A Common Stock
EVOP
+$5.67M
5
UMPQ
Umpqua Holdings Corp
UMPQ
+$3.93M

Sector Composition

Rank Sector Weight
1 Technology 34.98%
2 Financials 15.67%
3 Healthcare 12.48%
4 Industrials 7.8%
5 Consumer Discretionary 6.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SJR
26
DELISTED
Shaw Communications Inc.
SJR
$500K 0.7%
+16,700
New +$484K
MGI
27
DELISTED
MoneyGram International, Inc. New
MGI
$395K 0.55%
+37,900
New +$409K
SAVE
28
DELISTED
Spirit Airlines, Inc.
SAVE
$304K 0.42%
17,700
– –
HR icon
29
Healthcare Realty
HR
$7.38B
$170K 0.24%
8,800
– –
KSS icon
30
Kohl's
KSS
$1.98B
– –
-8,300
Closed -$210K
BKI
31
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-8,700
Closed -$537K
SGFY
32
DELISTED
Signify Health, Inc.
SGFY
– –
-26,700
Closed -$765K
EVOP
33
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
– –
-167,525
Closed -$5.67M
MYOV
34
DELISTED
Myovant Sciences Ltd.
MYOV
– –
-66,600
Closed -$1.8M
VVNT
35
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
– –
-90,660
Closed -$1.08M
UMPQ
36
DELISTED
Umpqua Holdings Corp
UMPQ
– –
-220,326
Closed -$3.93M
COUP
37
DELISTED
Coupa Software Incorporated
COUP
– –
-40,000
Closed -$3.17M
ONEM
38
DELISTED
1Life Healthcare
ONEM
– –
-60,803
Closed -$1.02M
LHCG
39
DELISTED
LHC Group LLC
LHCG
– –
-13,987
Closed -$2.26M
STOR
40
DELISTED
STORE Capital Corporation
STOR
– –
-278,685
Closed -$8.94M
KNBE
41
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
– –
-56,100
Closed -$1.39M
SJI
42
DELISTED
South Jersey Industries, Inc.
SJI
– –
-25,000
Closed -$888K
BNFT
43
DELISTED
Benefitfocus, Inc.
BNFT
– –
-97,100
Closed -$1.02M
USER
44
DELISTED
UserTesting, Inc.
USER
– –
-106,431
Closed -$799K
SWIR
45
DELISTED
Sierra Wireless
SWIR
– –
-95,191
Closed -$2.76M
IMGO
46
DELISTED
Imago BioSciences, Inc. Common stock
IMGO
– –
-82,200
Closed -$2.96M
POSH
47
DELISTED
Poshmark, Inc. Class A Common Stock
POSH
– –
-329,100
Closed -$5.88M
AVEO
48
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
– –
-100,016
Closed -$1.5M
COWN
49
DELISTED
Cowen Inc. Class A Common Stock
COWN
– –
-91,130
Closed -$3.52M
AAWW
50
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
– –
-107,185
Closed -$10.8M
1
2

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ACJ
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LR
Library Research Hong Kong $58.1M AUM 41.17% 1-Year Est. Return
SC
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JCI
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AP
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RTM
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AOGP
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Kellner Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Kellner Capital held 51 positions worth $71.7M, down 16% from $85.7M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Kellner Capital withdrew a net $18.1M in Q1 2023, closing 22 positions. Its most notable exit was Atlas Air Worldwide Holdings, Inc., an estimated $10.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Kellner Capital opened a new position in Focus Financial Partners Inc. Class A worth $5.68M.

  • Kellner Capital's largest Q1 2023 buy was Focus Financial Partners Inc. Class A: 109,500 shares worth $5.68M.
  • Kellner Capital added most to Horizon Therapeutics Public Limited Company Ordinary Shares in Q1 2023, an estimated $2.79M increase.
  • Kellner Capital fully exited Atlas Air Worldwide Holdings, Inc. in Q1 2023, selling an estimated $10.8M.
  • Kellner Capital's ten largest holdings make up 68% of its $71.7M portfolio in Q1 2023.
  • Kellner Capital opened 18 new positions and closed 22 in Q1 2023.
  • Kellner Capital's portfolio value fell 16% quarter-over-quarter to $71.7M.

Based on Kellner Capital's 13F filing for Q1 2023, filed 9 May 2023.