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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
+2.44%
1 Year Est. Return
+18.04%
3 Year Est. Return
+92.08%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$161M
AUM Growth
-$32.1M
(-17%)
Cap. Flow
-$28.2M
Cap. Flow
% of AUM
-17.52%
Top 10 Holdings %
Top 10 Hldgs %
50.83%
Holding
59
New
22
Increased
7
Reduced
8
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NTUS
Natus Medical Inc
NTUS
|
+$5.25M |
| 2 |
AMED
Amedisys
AMED
|
+$4.48M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$3.79M |
| 4 |
Transmedics
TMDX
|
+$3.58M |
| 5 |
CSII
Cardiovascular Systems, Inc.
CSII
|
+$3.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shutterstock
SSTK
|
+$14.8M |
| 2 |
Vericel Corp
VCEL
|
+$8.94M |
| 3 |
Grand Canyon Education
LOPE
|
+$5.57M |
| 4 |
QuidelOrtho
QDEL
|
+$5.4M |
| 5 |
AdaptHealth
AHCO
|
+$4.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 34.81% |
| 2 | Consumer Discretionary | 17.73% |
| 3 | Technology | 14.23% |
| 4 | Industrials | 9.16% |
| 5 | Communication Services | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FRG
1
DELISTED
Franchise Group, Inc.
FRG
| $10.4M | 6.44% |
250,000
-20,000
| -7% | -$926K |
|
2
XPEL
XPEL
$1.18B
| $9.62M | 5.98% |
182,828
-41,289
| -18% | -$2.55M |
|
3
The Ensign Group
ENSG
$10.1B
| $9M | 5.59% |
100,000
+16,000
| +19% | +$1.3M |
|
|
LHCG
4
DELISTED
LHC Group LLC
LHCG
| $8.43M | 5.24% |
50,000
-1,926
| -4% | -$258K |
|
|
EVRI
5
DELISTED
Everi Holdings
EVRI
| $8.29M | 5.16% |
395,000
-5,000
| -1% | -$106K |
|
6
eGain
EGAN
$176M
| $7.93M | 4.93% |
685,086
+285,086
| +71% | +$3.21M |
|
7
Encompass Health
EHC
$11.2B
| $7.82M | 4.86% |
138,270
+25,140
| +22% | +$1.31M |
|
8
Addus HomeCare
ADUS
$2.14B
| $7.46M | 4.64% |
80,000
+18,000
| +29% | +$1.45M |
|
9
Integer Holdings
ITGR
$3.35B
| $6.48M | 4.03% |
80,400
+5,400
| +7% | +$436K |
|
10
Upwork
UPWK
$1.09B
| $6.39M | 3.97% |
275,000
-140,000
| -34% | -$3.5M |
|
11
Progress Software
PRGS
$1.55B
| $6.11M | 3.8% |
129,700
+44,700
| +53% | +$2.01M |
|
|
NTUS
12
DELISTED
Natus Medical Inc
NTUS
| $5.65M | 3.51% |
+215,000
| New | +$5.25M |
|
|
13
Transmedics
TMDX
$2.5B
| $5.39M | 3.35% |
+200,000
| New | +$3.58M |
|
|
AMED
14
DELISTED
Amedisys
AMED
| $5.17M | 3.21% |
+30,000
| New | +$4.48M |
|
15
Monarch Casino & Resort
MCRI
$2.14B
| $4.82M | 3% |
55,251
-24,749
| -31% | -$1.85M |
|
|
AGCB
16
DELISTED
Altimeter Growth Corp 2
AGCB
| $4.62M | 2.87% |
469,928
| – | – |
|
|
PHLT
17
DELISTED
Performant Healthcare Inc
PHLT
| $4.4M | 2.74% |
1,415,000
+295,000
| +26% | +$695K |
|
|
18
Shutterstock
SSTK
$205M
| $4.19M | 2.6% |
45,000
-159,506
| -78% | -$14.8M |
|
|
CSII
19
DELISTED
Cardiovascular Systems, Inc.
CSII
| $3.96M | 2.46% |
+175,000
| New | +$3.4M |
|
|
20
iShares Russell 2000 ETF
IWM
$80.9B
| $3.82M | 2.37% |
+18,589
| New | +$3.79M |
|
|
SWIR
21
DELISTED
Sierra Wireless
SWIR
| $3.43M | 2.13% |
+190,000
| New | +$3.17M |
|
22
Target Hospitality
TH
$1.61B
| $3.3M | 2.05% |
+550,000
| New | +$2.14M |
|
23
Franklin Covey
FC
$233M
| $3.17M | 1.97% |
+70,000
| New | +$3.24M |
|
24
Artivion
AORT
$1.23B
| $2.57M | 1.59% |
+120,000
| New | +$2.32M |
|
|
NEXN
25
Nexxen International
NEXN
$547M
| $2.43M | 1.51% |
+159,943
| New | +$2.31M |
|
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1C
Kent Lake Capital's Q1 2022 Portfolio in Review
As of Q1 2022, Kent Lake Capital held 59 positions worth $161M, down 17% from $193M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Kent Lake Capital withdrew a net $28.2M in Q1 2022, closing 20 positions and reducing 8 holdings. Its most notable exit was Vericel Corp, an estimated $8.94M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 35% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Kent Lake Capital opened a new position in Natus Medical Inc worth $5.65M.
- Kent Lake Capital's largest Q1 2022 buy was Natus Medical Inc: 215,000 shares worth $5.65M.
- Kent Lake Capital added most to eGain in Q1 2022, an estimated $3.21M increase.
- Kent Lake Capital's biggest Q1 2022 reduction was Shutterstock, cutting an estimated $14.8M.
- Kent Lake Capital fully exited Vericel Corp in Q1 2022, selling an estimated $8.94M.
- Kent Lake Capital's ten largest holdings make up 51% of its $161M portfolio in Q1 2022.
- Kent Lake Capital opened 22 new positions and closed 20 in Q1 2022.
- Kent Lake Capital's portfolio value fell 17% quarter-over-quarter to $161M.
Based on Kent Lake Capital's 13F filing for Q1 2022, filed 16 May 2022.