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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 | |
|---|---|---|---|---|---|---|
|
1
Target Hospitality
TH
$1.61B
| $12.6M | 8.24% |
995,996
+418,248
| +72% | +$5.24M |
|
2
XPEL
XPEL
$1.18B
| $12.2M | 8.02% |
190,000
| – | – |
|
|
3
Transmedics
TMDX
$2.5B
| $10.4M | 6.84% |
250,000
-150,000
| -38% | -$6.52M |
|
4
The Ensign Group
ENSG
$10.1B
| $9.94M | 6.51% |
125,000
+15,000
| +14% | +$1.24M |
|
|
LHCG
5
DELISTED
LHC Group LLC
LHCG
| $8.18M | 5.36% |
50,000
| – | – |
|
6
DXP Enterprises
DXPE
$2.62B
| $7.1M | 4.66% |
300,000
+38,798
| +15% | +$1.11M |
|
|
EVRI
7
DELISTED
Everi Holdings
EVRI
| $6.65M | 4.36% |
410,000
+15,000
| +4% | +$276K |
|
|
SMLR
8
DELISTED
Semler Scientific
SMLR
| $6.65M | 4.36% |
176,986
-73,014
| -29% | -$2.76M |
|
|
9
Franklin Covey
FC
$233M
| $6.43M | 4.21% |
141,683
+78,151
| +123% | +$3.87M |
|
10
eGain
EGAN
$176M
| $5.88M | 3.85% |
800,021
-156,757
| -16% | -$1.41M |
|
|
11
InnovAge Holding
INNV
$1.57B
| $5.44M | 3.57% |
+925,916
| New | +$4.24M |
|
12
A10 Networks
ATEN
$2.47B
| $5.34M | 3.5% |
402,190
+202,190
| +101% | +$2.88M |
|
|
ABST
13
DELISTED
Absolute Software Corp
ABST
| $5.22M | 3.42% |
450,000
+259,200
| +136% | +$2.64M |
|
|
14
OraSure Technologies
OSUR
$273M
| $4.79M | 3.14% |
+1,264,515
| New | +$4.57M |
|
15
Apyx Medical
APYX
$165M
| $4.71M | 3.09% |
1,049,273
-150,727
| -13% | -$1.08M |
|
|
AGCB
16
DELISTED
Altimeter Growth Corp 2
AGCB
| $4.66M | 3.05% |
469,928
| – | – |
|
17
Addus HomeCare
ADUS
$2.14B
| $4.25M | 2.78% |
44,612
-10,388
| -19% | -$955K |
|
|
FRG
18
DELISTED
Franchise Group, Inc.
FRG
| $3.46M | 2.26% |
142,239
-108,661
| -43% | -$3.57M |
|
|
19
Quanterix
QTRX
$173M
| $3.23M | 2.12% |
+293,196
| New | +$3.73M |
|
20
Monarch Casino & Resort
MCRI
$2.14B
| $3.1M | 2.03% |
55,251
| – | – |
|
|
SWIR
21
DELISTED
Sierra Wireless
SWIR
| $3.04M | 1.99% |
100,000
-165,000
| -62% | -$4.74M |
|
22
Integer Holdings
ITGR
$3.35B
| $2.74M | 1.8% |
44,064
| – | – |
|
|
PHLT
23
DELISTED
Performant Healthcare Inc
PHLT
| $2M | 1.31% |
1,078,633
-541,467
| -33% | -$1.26M |
|
24
The GEO Group
GEO
$4.13B
| $1.93M | 1.26% |
+250,000
| New | +$1.84M |
|
25
Shutterstock
SSTK
$205M
| $1.76M | 1.15% |
35,000
| – | – |
|
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1C
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.