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Key Square Capital Management Portfolio holdings
AUM
$14.2M
1-Year Est. Return
21.27%
This Fund
S&P 500
This Quarter
Est. Return
+0.1%
1 Year Est. Return
+21.27%
3 Year Est. Return
+50.18%
5 Year Est. Return
+762.23%
10 Year Est. Return
–
AUM
$245M
AUM Growth
-$26.5M
(-9.7%)
Cap. Flow
-$20.7M
Cap. Flow
% of AUM
-8.43%
Top 10 Holdings %
Top 10 Hldgs %
54.91%
Holding
33
New
14
Increased
6
Reduced
6
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sony
SONY
|
+$12.2M |
| 2 |
EXE
Expand Energy Corp
EXE
|
+$9.79M |
| 3 |
Antero Resources
AR
|
+$9.74M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$9.14M |
| 5 |
Vulcan Materials
VMC
|
+$8.97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cleveland-Cliffs
CLF
|
+$30.4M |
| 2 |
Occidental Petroleum
OXY
|
+$19.2M |
| 3 |
Oracle
ORCL
|
+$16.1M |
| 4 |
Devon Energy
DVN
|
+$13.7M |
| 5 |
GE Aerospace
GE
|
+$12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 46.68% |
| 2 | Technology | 15.7% |
| 3 | Materials | 14.75% |
| 4 | Communication Services | 10.54% |
| 5 | Consumer Discretionary | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SandRidge Energy
SD
$514M
| $3.93M | 1.6% |
+375,747
| New | +$4.46M |
|
27
Bunge Global
BG
$20.4B
| – | – |
-124,100
| Closed | -$10.1M |
|
|
28
GE Aerospace
GE
$374B
| – | – |
-187,387
| Closed | -$12M |
|
29
Live Nation Entertainment
LYV
$40.6B
| – | – |
-103,166
| Closed | -$9.4M |
|
|
30
Oracle
ORCL
$374B
| – | – |
-184,392
| Closed | -$16.1M |
|
31
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
| – | – |
-114,200
| Closed | -$2.97M |
|
|
PXD
32
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-52,980
| Closed | -$8.82M |
|
|
TWTR
33
DELISTED
Twitter, Inc.
TWTR
| – | – |
-59,300
| Closed | -$3.58M |
|
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Key Square Capital Management's Q4 2021 Portfolio in Review
As of Q4 2021, Key Square Capital Management held 33 positions worth $245M, down 9.7% from $272M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Key Square Capital Management withdrew a net $20.7M in Q4 2021, closing 7 positions and reducing 6 holdings. Its most notable exit was Oracle, an estimated $16.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 47% of assets, up from 41% a quarter earlier, followed by Technology and Materials.
Against the trend, Key Square Capital Management opened a new position in Sony worth $12.9M.
- Key Square Capital Management's largest Q4 2021 buy was Sony: 510,385 shares worth $12.9M.
- Key Square Capital Management added most to Peabody Energy in Q4 2021, an estimated $8.15M increase.
- Key Square Capital Management's biggest Q4 2021 reduction was Cleveland-Cliffs, cutting an estimated $30.4M.
- Key Square Capital Management fully exited Oracle in Q4 2021, selling an estimated $16.1M.
- Key Square Capital Management's ten largest holdings make up 55% of its $245M portfolio in Q4 2021.
- Key Square Capital Management opened 14 new positions and closed 7 in Q4 2021.
- Key Square Capital Management's portfolio value fell 9.7% quarter-over-quarter to $245M.
Based on Key Square Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.