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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
-23.2%
1 Year Est. Return
+21.27%
3 Year Est. Return
+50.18%
5 Year Est. Return
+762.23%
10 Year Est. Return
–
AUM
$192M
AUM Growth
-$56.5M
(-23%)
Cap. Flow
-$13.8M
Cap. Flow
% of AUM
-7.17%
Top 10 Holdings %
Top 10 Hldgs %
78.64%
Holding
50
New
13
Increased
4
Reduced
4
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Newmont
NEM
|
+$20.3M |
| 2 |
Boeing
BA
|
+$9.32M |
| 3 |
LTHM
Livent Corporation
LTHM
|
+$8.71M |
| 4 |
Darling Ingredients
DAR
|
+$7.95M |
| 5 |
Olin
OLN
|
+$7.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sony
SONY
|
+$16M |
| 2 |
Booking.com
BKNG
|
+$14.2M |
| 3 |
Arista Networks
ANET
|
+$11.9M |
| 4 |
Caesars Entertainment
CZR
|
+$10.5M |
| 5 |
Antero Resources
AR
|
+$9.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.44% |
| 2 | Materials | 16.16% |
| 3 | Energy | 14.95% |
| 4 | Industrials | 9.74% |
| 5 | Communication Services | 3.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.72B
| $49.2M | 25.59% |
+900,000
| New | +$54.2M |
|
|
2
Newmont
NEM
$103B
| $17.1M | 8.91% |
+287,258
| New | +$20.3M |
|
|
JNPR
3
DELISTED
Juniper Networks
JNPR
| $16.4M | 8.52% |
575,348
+60,873
| +12% | +$1.92M |
|
4
Transocean
RIG
$5.93B
| $15.4M | 8.01% |
4,628,456
-377,100
| -8% | -$1.53M |
|
5
Vontier
VNT
$4.26B
| $12.1M | 6.29% |
526,227
+36,255
| +7% | +$929K |
|
6
Fluor
FLR
$7.23B
| $10.1M | 5.25% |
415,422
+68,622
| +20% | +$1.84M |
|
|
7
Boeing
BA
$163B
| $8.64M | 4.49% |
+63,170
| New | +$9.32M |
|
|
LTHM
8
DELISTED
Livent Corporation
LTHM
| $7.68M | 3.99% |
+338,418
| New | +$8.71M |
|
|
DISH
9
DELISTED
DISH Network Corp.
DISH
| $7.47M | 3.88% |
416,580
-249,802
| -37% | -$6.06M |
|
|
ETRN
10
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $7.14M | 3.71% |
1,123,304
-243,746
| -18% | -$1.88M |
|
11
Intel
INTC
$530B
| $6.96M | 3.62% |
185,988
-43,775
| -19% | -$1.89M |
|
|
12
Olin
OLN
$2.7B
| $6.28M | 3.26% |
+135,652
| New | +$7.84M |
|
|
13
Darling Ingredients
DAR
$10.3B
| $6.26M | 3.25% |
+104,715
| New | +$7.95M |
|
14
Peabody Energy
BTU
$2.9B
| $6.21M | 3.23% |
+291,239
| New | +$7.15M |
|
15
Snowflake
SNOW
$92.4B
| $3.89M | 2.02% |
+27,970
| New | +$4.43M |
|
16
Rivian
RIVN
$25.5B
| $3.07M | 1.6% |
+119,423
| New | +$3.73M |
|
17
State Street SPDR S&P 500 ETF Trust
SPY
$788B
| $2.51M | 1.31% |
6,660
+5,516
| +482% | +$2.26M |
|
18
Grupo Cibest SA
CIB
$20B
| $2.42M | 1.26% |
+78,663
| New | +$3.1M |
|
19
Invesco QQQ Trust
QQQ
$470B
| $1.91M | 0.99% |
+6,800
| New | +$2.11M |
|
20
VanEck Semiconductor ETF
SMH
$70.2B
| $1.39M | 0.72% |
+13,610
| New | +$1.58M |
|
21
ARK Innovation ETF
ARKK
$6.33B
| $205K | 0.11% |
+5,145
| New | +$245K |
|
22
Albemarle
ALB
$14.4B
| – | – |
-1,350
| Closed | -$299K |
|
23
Applied Materials
AMAT
$443B
| – | – |
-2,370
| Closed | -$312K |
|
24
Advanced Micro Devices
AMD
$896B
| – | – |
-52,851
| Closed | -$5.78M |
|
|
25
Arista Networks
ANET
$220B
| – | – |
-342,336
| Closed | -$11.9M |
|
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Key Square Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Key Square Capital Management held 50 positions worth $192M, down 23% from $249M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Key Square Capital Management withdrew a net $13.8M in Q2 2022, closing 29 positions and reducing 4 holdings. Its most notable exit was Sony, an estimated $16M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 39% a quarter earlier, followed by Materials and Energy.
Against the trend, Key Square Capital Management opened a new position in Newmont worth $17.1M.
- Key Square Capital Management's largest Q2 2022 buy was Newmont: 287,258 shares worth $17.1M.
- Key Square Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2022, an estimated $2.26M increase.
- Key Square Capital Management's biggest Q2 2022 reduction was DISH Network Corp., cutting an estimated $6.06M.
- Key Square Capital Management fully exited Sony in Q2 2022, selling an estimated $16M.
- Key Square Capital Management's ten largest holdings make up 79% of its $192M portfolio in Q2 2022.
- Key Square Capital Management opened 13 new positions and closed 29 in Q2 2022.
- Key Square Capital Management's portfolio value fell 23% quarter-over-quarter to $192M.
Based on Key Square Capital Management's 13F filing for Q2 2022, filed 9 Aug 2022.