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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
+20.92%
1 Year Est. Return
+88.05%
3 Year Est. Return
+389.89%
5 Year Est. Return
+1,483.74%
10 Year Est. Return
–
AUM
$177M
AUM Growth
+$28.3M
(+19%)
Cap. Flow
+$24.1M
Cap. Flow % of AUM
Cap. Flow %
13.61%
Top 10 Holdings %
Top 10 Hldgs %
64.7%
Holding
55
New
22
Increased
12
Reduced
7
Closed
14
Avg Time Held
0.3
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AVLR
Avalara, Inc.
AVLR
|
+$15.5M |
| 2 |
DRE
Duke Realty Corp.
DRE
|
+$14.7M |
| 3 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$9.45M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$6.6M |
| 5 |
PING
Ping Identity Holding Corp.
PING
|
+$5.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PSB
PS Business Parks, Inc.
PSB
|
+$18.4M |
| 2 |
CDK
CDK Global, Inc.
CDK
|
+$14.2M |
| 3 |
Coherent Inc
COHR
|
+$13.4M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$12.7M |
| 5 |
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
|
+$6.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.42% |
| 2 | Industrials | 14.07% |
| 3 | Financials | 12.74% |
| 4 | Real Estate | 11.78% |
| 5 | Healthcare | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
DRE
1
DELISTED
Duke Realty Corp.
DRE
| $17.6M | 9.96% |
365,080
+250,680
| +219% | +$14.7M |
2022 Q2
1 quarter
|
|
|
Y
2
DELISTED
Alleghany Corp
Y
| $16.2M | 9.18% |
19,315
+4,200
| +28% | +$3.52M |
2022 Q2
1 quarter
|
|
|
AVLR
3
DELISTED
Avalara, Inc.
AVLR
| $15.8M | 8.97% |
+172,655
| New | +$15.5M |
2022 Q3
0 quarters
|
|
|
ZEN
4
DELISTED
ZENDESK INC
ZEN
| $13.1M | 7.4% |
171,700
+69,700
| +68% | +$5.29M |
2022 Q2
1 quarter
|
|
|
CTXS
5
DELISTED
Citrix Systems Inc
CTXS
| $11.5M | 6.5% |
110,423
+64,440
| +140% | +$6.6M |
2022 Q1
2 quarters
|
|
|
AAWW
6
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $10.2M | 5.8% |
+107,185
| New | +$9.45M |
2022 Q3
0 quarters
|
|
|
NLSN
7
DELISTED
Nielsen Holdings plc
NLSN
| $9.22M | 5.22% |
332,478
+205,278
| +161% | +$5.35M |
2022 Q1
2 quarters
|
|
|
ATVI
8
DELISTED
Activision Blizzard
ATVI
| $7.4M | 4.19% |
99,472
+21,200
| +27% | +$1.66M |
2022 Q1
2 quarters
|
|
|
SWCH
9
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $6.81M | 3.85% |
202,104
+152,504
| +307% | +$5.16M |
2022 Q2
1 quarter
|
|
|
PING
10
DELISTED
Ping Identity Holding Corp.
PING
| $6.44M | 3.64% |
+229,297
| New | +$5.69M |
2022 Q3
0 quarters
|
|
|
EVOP
11
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $5.07M | 2.87% |
+152,291
| New | +$4.7M |
2022 Q3
0 quarters
|
|
12
DELISTED
ChemoCentryx, Inc.
CCXI
| $4.84M | 2.74% |
+93,700
| New | +$3.87M |
2022 Q3
0 quarters
|
|
|
CYBE
13
DELISTED
Cyberoptics Corp
CYBE
| $4.8M | 2.72% |
+89,300
| New | +$4.17M |
2022 Q3
0 quarters
|
|
|
SHLX
14
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $3.95M | 2.24% |
+250,000
| New | +$3.86M |
2022 Q3
0 quarters
|
|
|
CHNG
15
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $3.79M | 2.14% |
137,731
+25,300
| +23% | +$627K |
2021 Q1
6 quarters
|
|
|
TWTR
16
DELISTED
Twitter, Inc.
TWTR
| $3.78M | 2.14% |
86,100
+27,900
| +48% | +$1.14M |
2022 Q2
1 quarter
|
|
|
STOR
17
DELISTED
STORE Capital Corporation
STOR
| $3.21M | 1.82% |
+102,400
| New | +$2.91M |
2022 Q3
0 quarters
|
|
18
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $3M | 1.7% |
172,492
-2,300
| -1% | -$43.2K |
2022 Q1
2 quarters
|
|
|
VMW
19
DELISTED
VMware, Inc
VMW
| $2.65M | 1.5% |
+24,908
| New | +$2.87M |
2022 Q3
0 quarters
|
|
|
CVET
20
DELISTED
Covetrus, Inc. Common Stock
CVET
| $2.59M | 1.47% |
124,200
+84,000
| +209% | +$1.75M |
2022 Q2
1 quarter
|
|
|
PBFX
21
DELISTED
PBF LOGISTICS LP
PBFX
| $2.5M | 1.42% |
+132,501
| New | +$2.35M |
2022 Q3
0 quarters
|
|
|
UMPQ
22
DELISTED
Umpqua Holdings Corp
UMPQ
| $2.38M | 1.35% |
139,426
+66,791
| +92% | +$1.19M |
2022 Q1
2 quarters
|
|
23
Willis Towers Watson
WTW
$30.3B
| $2.27M | 1.28% |
11,289
-4,700
| -29% | -$970K |
2020 Q1
10 quarters
|
|
|
GBT
24
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $2.26M | 1.28% |
+33,235
| New | +$1.83M |
2022 Q3
0 quarters
|
|
|
AERI
25
DELISTED
Aerie Pharmaceuticals
AERI
| $1.88M | 1.07% |
+124,575
| New | +$1.45M |
2022 Q3
0 quarters
|
|
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Kellner Capital's Q3 2022 Portfolio in Review
As of Q3 2022, Kellner Capital held 55 positions worth $177M, up 19% from $148M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Kellner Capital deployed $24.1M of net new capital in Q3 2022, opening 22 new positions and adding to 12 existing holdings. Its largest new stake was Avalara, Inc.: 172,655 shares worth $15.8M.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 20% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Willis Towers Watson, an estimated $970K trimmed.
- Kellner Capital's largest Q3 2022 buy was Avalara, Inc.: 172,655 shares worth $15.8M.
- Kellner Capital added most to Duke Realty Corp. in Q3 2022, an estimated $14.7M increase.
- Kellner Capital's biggest Q3 2022 reduction was Willis Towers Watson, cutting an estimated $970K.
- Kellner Capital fully exited PS Business Parks, Inc. in Q3 2022, selling an estimated $18.4M.
- Kellner Capital's ten largest holdings make up 65% of its $177M portfolio in Q3 2022.
- Kellner Capital opened 22 new positions and closed 14 in Q3 2022.
- Kellner Capital's portfolio value rose 19% quarter-over-quarter to $177M.
Based on Kellner Capital's 13F filing for Q3 2022, filed 14 Nov 2022.