We are live on
!
Find out more
KSCM
Key Square Capital Management Portfolio holdings
AUM
$14.2M
1-Year Est. Return
21.27%
This Fund
S&P 500
This Quarter
Est. Return
+34.74%
1 Year Est. Return
+21.27%
3 Year Est. Return
+50.18%
5 Year Est. Return
+762.23%
10 Year Est. Return
–
AUM
$417M
AUM Growth
+$222M
(+114%)
Cap. Flow
+$168M
Cap. Flow
% of AUM
40.31%
Top 10 Holdings %
Top 10 Hldgs %
90.48%
Holding
27
New
14
Increased
2
Reduced
–
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cleveland-Cliffs
CLF
|
+$43.3M |
| 2 |
Microsoft
MSFT
|
+$39.3M |
| 3 |
Teck Resources
TECK
|
+$30.9M |
| 4 |
EQT Corp
EQT
|
+$23.8M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$18.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$15.1M |
| 2 |
General Motors
GM
|
+$12.6M |
| 3 |
D.R. Horton
DHI
|
+$7.8M |
| 4 |
Lennar Class A
LEN
|
+$7.57M |
| 5 |
Cummins
CMI
|
+$7.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 31.35% |
| 2 | Communication Services | 24.8% |
| 3 | Technology | 24.39% |
| 4 | Energy | 8.37% |
| 5 | Industrials | 1.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DISH
1
DELISTED
DISH Network Corp.
DISH
| $103M | 24.8% |
3,197,390
| – | – |
|
|
2
Teck Resources
TECK
$29.3B
| $64.8M | 15.54% |
3,571,140
+2,006,281
| +128% | +$30.9M |
|
|
3
Cleveland-Cliffs
CLF
$6.25B
| $62.2M | 14.93% |
+4,275,233
| New | +$43.3M |
|
|
4
Microsoft
MSFT
$2.83T
| $40.7M | 9.75% |
+182,774
| New | +$39.3M |
|
|
5
EQT Corp
EQT
$33.4B
| $25.6M | 6.15% |
2,016,905
+1,655,634
| +458% | +$23.8M |
|
|
ATVI
6
DELISTED
Activision Blizzard
ATVI
| $21.3M | 5.11% |
+229,687
| New | +$18.7M |
|
7
State Street Financial Select Sector SPDR ETF
XLF
$55.1B
| $18.5M | 4.44% |
+627,442
| New | +$16.8M |
|
8
NVIDIA
NVDA
$5.06T
| $16.5M | 3.95% |
+1,260,440
| New | +$16.9M |
|
9
Sony
SONY
$122B
| $15M | 3.61% |
+743,875
| New | +$12.9M |
|
10
Cameco
CCJ
$38.9B
| $9.26M | 2.22% |
+691,100
| New | +$7.38M |
|
11
Enphase Energy
ENPH
$5.13B
| $8.23M | 1.97% |
+46,925
| New | +$5.95M |
|
12
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $8.1M | 1.94% |
+156,740
| New | +$7.54M |
|
|
PAYA
13
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $6.79M | 1.63% |
+500,000
| New | +$5.81M |
|
14
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
| $4.98M | 1.19% |
+56,250
| New | +$4.74M |
|
15
iShares MSCI Mexico ETF
EWW
$1.88B
| $4M | 0.96% |
+93,100
| New | +$3.61M |
|
16
iShares MSCI Brazil ETF
EWZ
$9.16B
| $3.9M | 0.94% |
+105,208
| New | +$3.39M |
|
17
Century Aluminum
CENX
$4.59B
| $3.69M | 0.88% |
+334,238
| New | +$3.03M |
|
18
Alaska Air
ALK
$4.99B
| – | – |
-30,125
| Closed | -$1.1M |
|
|
19
Cummins
CMI
$91.8B
| – | – |
-33,611
| Closed | -$7.1M |
|
|
20
D.R. Horton
DHI
$39.9B
| – | – |
-103,108
| Closed | -$7.8M |
|
21
Ford
F
$56.4B
| – | – |
-882,684
| Closed | -$5.88M |
|
22
Freeport-McMoran
FCX
$91.3B
| – | – |
-401,524
| Closed | -$6.28M |
|
|
23
General Motors
GM
$73B
| – | – |
-426,558
| Closed | -$12.6M |
|
24
Home Depot
HD
$324B
| – | – |
-24,007
| Closed | -$6.67M |
|
25
JB Hunt Transport Services
JBHT
$27.2B
| – | – |
-46,559
| Closed | -$5.88M |
|
Similar funds
SP
AI
SCG
TM
APGC
APA
EL
T
Key Square Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Key Square Capital Management held 27 positions worth $417M, up 114% from $195M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Key Square Capital Management deployed $168M of net new capital in Q4 2020, opening 14 new positions and adding to 2 existing holdings. Its largest new stake was Cleveland-Cliffs: 4,275,233 shares worth $62.2M.
By sector, the portfolio is most concentrated in Materials at 31% of assets, up from 14% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the most notable exit was Norfolk Southern, an estimated $15.1M sold.
- Key Square Capital Management's largest Q4 2020 buy was Cleveland-Cliffs: 4,275,233 shares worth $62.2M.
- Key Square Capital Management added most to Teck Resources in Q4 2020, an estimated $30.9M increase.
- Key Square Capital Management fully exited Norfolk Southern in Q4 2020, selling an estimated $15.1M.
- Key Square Capital Management's ten largest holdings make up 90% of its $417M portfolio in Q4 2020.
- Key Square Capital Management opened 14 new positions and closed 10 in Q4 2020.
- Key Square Capital Management's portfolio value rose 114% quarter-over-quarter to $417M.
Based on Key Square Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.