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KLC
Kent Lake Capital Portfolio holdings
AUM
$222M
1-Year Est. Return
18.04%
This Fund
S&P 500
This Quarter
Est. Return
+16.93%
1 Year Est. Return
+18.04%
3 Year Est. Return
+92.08%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$153M
AUM Growth
-$29.2M
(-16%)
Cap. Flow
-$37.1M
Cap. Flow
% of AUM
-24.34%
Top 10 Holdings %
Top 10 Hldgs %
56.41%
Holding
57
New
10
Increased
8
Reduced
11
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Target Hospitality
TH
|
+$5.24M |
| 2 |
OraSure Technologies
OSUR
|
+$4.57M |
| 3 |
InnovAge Holding
INNV
|
+$4.24M |
| 4 |
Franklin Covey
FC
|
+$3.87M |
| 5 |
Quanterix
QTRX
|
+$3.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Upwork
UPWK
|
+$10.3M |
| 2 |
NTUS
Natus Medical Inc
NTUS
|
+$6.55M |
| 3 |
Transmedics
TMDX
|
+$6.52M |
| 4 |
AMED
Amedisys
AMED
|
+$5.26M |
| 5 |
SWIR
Sierra Wireless
SWIR
|
+$4.74M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 36.99% |
| 2 | Industrials | 18.02% |
| 3 | Consumer Discretionary | 15.98% |
| 4 | Technology | 13.61% |
| 5 | Energy | 5.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Oxford Industries
OXM
$552M
| – | – |
-30,000
| Closed | -$2.66M |
|
52
Progress Software
PRGS
$1.76B
| – | – |
-75,000
| Closed | -$3.4M |
|
53
Rimini Street
RMNI
$471M
| – | – |
-447,564
| Closed | -$2.69M |
|
|
54
Upwork
UPWK
$1.19B
| – | – |
-500,000
| Closed | -$10.3M |
|
55
Select Water Solutions
WTTR
$2.61B
| – | – |
-251,387
| Closed | -$1.71M |
|
|
OSH
56
DELISTED
Oak Street Health, Inc.
OSH
| – | – |
-20,000
| Closed | -$329K |
|
|
NTUS
57
DELISTED
Natus Medical Inc
NTUS
| – | – |
-200,000
| Closed | -$6.55M |
|
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Kent Lake Capital's Q3 2022 Portfolio in Review
As of Q3 2022, Kent Lake Capital held 57 positions worth $153M, down 16% from $182M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Kent Lake Capital withdrew a net $37.1M in Q3 2022, closing 20 positions and reducing 11 holdings. Its most notable exit was Upwork, an estimated $10.3M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 37% of assets, up from 36% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Kent Lake Capital opened a new position in OraSure Technologies worth $4.79M.
- Kent Lake Capital's largest Q3 2022 buy was OraSure Technologies: 1,264,515 shares worth $4.79M.
- Kent Lake Capital added most to Target Hospitality in Q3 2022, an estimated $5.24M increase.
- Kent Lake Capital's biggest Q3 2022 reduction was Transmedics, cutting an estimated $6.52M.
- Kent Lake Capital fully exited Upwork in Q3 2022, selling an estimated $10.3M.
- Kent Lake Capital's ten largest holdings make up 56% of its $153M portfolio in Q3 2022.
- Kent Lake Capital opened 10 new positions and closed 20 in Q3 2022.
- Kent Lake Capital's portfolio value fell 16% quarter-over-quarter to $153M.
Based on Kent Lake Capital's 13F filing for Q3 2022, filed 14 Nov 2022.