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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
+22.84%
1 Year Est. Return
+88.05%
3 Year Est. Return
+389.89%
5 Year Est. Return
+1,483.74%
10 Year Est. Return
–
AUM
$85.7M
AUM Growth
-$90.9M
Cap. Flow
-$96.9M
Cap. Flow %
-112.98%
Top 10 Hldgs %
66.21%
Holding
58
New
17
Increased
8
Reduced
2
Closed
25

Top Buys

Rank Stock Value
1
POSH
Poshmark, Inc. Class A Common Stock
POSH
+$5.84M
2
STOR
STORE Capital Corporation
STOR
+$5.59M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.11M
4
COUP
Coupa Software Incorporated
COUP
+$2.39M
5
COWN
Cowen Inc. Class A Common Stock
COWN
+$2.34M

Top Sells

Rank Stock Value
1
DRE
Duke Realty Corp.
DRE
+$17.6M
2
Y
Alleghany Corp
Y
+$16.2M
3
AVLR
Avalara, Inc.
AVLR
+$15.8M
4
ZEN
ZENDESK INC
ZEN
+$13.1M
5
CTXS
Citrix Systems Inc
CTXS
+$11.5M

Sector Composition

Rank Sector Weight
1 Industrials 24.98%
2 Technology 24.46%
3 Healthcare 12.9%
4 Real Estate 10.62%
5 Consumer Discretionary 8.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GBT
51
DELISTED
Global Blood Therapeutics, Inc.
GBT
– –
-33,235
Closed -$2.26M
HNGR
52
DELISTED
Hanger Inc.
HNGR
– –
-73,973
Closed -$1.39M
DRE
53
DELISTED
Duke Realty Corp.
DRE
– –
-365,080
Closed -$17.6M
CHNG
54
DELISTED
Change Healthcare Inc. Common Stock
CHNG
– –
-137,731
Closed -$3.79M
CTXS
55
DELISTED
Citrix Systems Inc
CTXS
– –
-110,423
Closed -$11.5M
TRQ
56
DELISTED
Turquoise Hill Resources Ltd
TRQ
– –
-27,800
Closed -$824K
NLSN
57
DELISTED
Nielsen Holdings plc
NLSN
– –
-332,478
Closed -$9.22M
1 2
3

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LR
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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 Q4 2022 Portfolio in Review

As of Q4 2022, Kellner Capital held 58 positions worth $85.7M, down 51% from $177M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Kellner Capital withdrew a net $96.9M in Q4 2022, closing 25 positions and reducing 2 holdings. Its most notable exit was Duke Realty Corp., an estimated $17.6M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Kellner Capital opened a new position in Poshmark, Inc. Class A Common Stock worth $5.88M.

  • Kellner Capital's largest Q4 2022 buy was Poshmark, Inc. Class A Common Stock: 329,100 shares worth $5.88M.
  • Kellner Capital added most to STORE Capital Corporation in Q4 2022, an estimated $5.59M increase.
  • Kellner Capital's biggest Q4 2022 reduction was Kohl's, cutting an estimated $380K.
  • Kellner Capital fully exited Duke Realty Corp. in Q4 2022, selling an estimated $17.6M.
  • Kellner Capital's ten largest holdings make up 66% of its $85.7M portfolio in Q4 2022.
  • Kellner Capital opened 17 new positions and closed 25 in Q4 2022.
  • Kellner Capital's portfolio value fell 51% quarter-over-quarter to $85.7M.

Based on Kellner Capital's 13F filing for Q4 2022, filed 13 Feb 2023.