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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
+14.03%
1 Year Est. Return
+21.27%
3 Year Est. Return
+50.18%
5 Year Est. Return
+762.23%
10 Year Est. Return
–
AUM
$120M
AUM Growth
+$16.7M
(+16%)
Cap. Flow
+$5.92M
Cap. Flow
% of AUM
4.93%
Top 10 Holdings %
Top 10 Hldgs %
93.75%
Holding
18
New
6
Increased
1
Reduced
5
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares China Large-Cap ETF
FXI
|
+$26.7M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$5.3M |
| 3 |
Warner Bros
WBD
|
+$4.86M |
| 4 |
Noble Corp
NE
|
+$4.81M |
| 5 |
SPDR Gold Trust
GLD
|
+$3.89M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$12.5M |
| 2 |
Weatherford International
WFRD
|
+$10.1M |
| 3 |
Fluor
FLR
|
+$9.89M |
| 4 |
Transocean
RIG
|
+$9.1M |
| 5 |
Scorpio Tankers
STNG
|
+$6.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 48.6% |
| 2 | Technology | 4.86% |
| 3 | Communication Services | 4.29% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares China Large-Cap ETF
FXI
$4.29B
| $26.3M | 21.85% |
+889,100
| New | +$26.7M |
|
|
2
Transocean
RIG
$5.89B
| $17.9M | 14.93% |
2,821,679
-1,417,022
| -33% | -$9.1M |
|
|
3
CALL
Transocean
RIG
$5.89B
| $15.8M | 13.18% |
+2,490,000
| New | +$16M |
|
4
Peabody Energy
BTU
$2.9B
| $13.6M | 11.33% |
531,974
-29,641
| -5% | -$788K |
|
|
5
Weatherford International
WFRD
$6.14B
| $11.2M | 9.29% |
188,041
-171,784
| -48% | -$10.1M |
|
|
6
Noble Corp
NE
$6.88B
| $9.33M | 7.77% |
236,482
+120,100
| +103% | +$4.81M |
|
|
ATVI
7
DELISTED
Activision Blizzard
ATVI
| $5.84M | 4.86% |
+68,200
| New | +$5.3M |
|
|
8
Warner Bros
WBD
$65.1B
| $5.15M | 4.29% |
+341,200
| New | +$4.86M |
|
|
9
SPDR Gold Trust
GLD
$130B
| $4.05M | 3.37% |
+22,099
| New | +$3.89M |
|
10
EQT Corp
EQT
$33.4B
| $3.47M | 2.89% |
108,754
-108,755
| -50% | -$3.49M |
|
11
PBF Energy
PBF
$7.33B
| $2.87M | 2.39% |
+66,250
| New | +$2.79M |
|
12
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $2.54M | 2.11% |
6,200
-1,800
| -23% | -$718K |
|
|
13
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $2.1M | 1.75% |
5,124
| – | – |
|
|
14
Fluor
FLR
$7.44B
| – | – |
-285,422
| Closed | -$9.89M |
|
|
15
Meta Platforms (Facebook)
META
$1.54T
| – | – |
-103,472
| Closed | -$12.5M |
|
|
16
Scorpio Tankers
STNG
$3.95B
| – | – |
-122,400
| Closed | -$6.58M |
|
|
CNR
17
Core Natural Resources Inc
CNR
$4.36B
| – | – |
-3,800
| Closed | -$247K |
|
|
ARCH
18
DELISTED
Arch Resources, Inc.
ARCH
| – | – |
-35,643
| Closed | -$5.09M |
|
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Key Square Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Key Square Capital Management held 18 positions worth $120M, up 16% from $104M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Key Square Capital Management deployed $5.92M of net new capital in Q1 2023, opening 6 new positions and adding to 1 existing holding. Its largest new stake was iShares China Large-Cap ETF: 889,100 shares worth $26.3M.
By sector, the portfolio is most concentrated in Energy at 49% of assets, down from 74% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Weatherford International, an estimated $10.1M trimmed.
- Key Square Capital Management's largest Q1 2023 buy was iShares China Large-Cap ETF: 889,100 shares worth $26.3M.
- Key Square Capital Management added most to Noble Corp in Q1 2023, an estimated $4.81M increase.
- Key Square Capital Management's biggest Q1 2023 reduction was Weatherford International, cutting an estimated $10.1M.
- Key Square Capital Management fully exited Meta Platforms (Facebook) in Q1 2023, selling an estimated $12.5M.
- Key Square Capital Management's ten largest holdings make up 94% of its $120M portfolio in Q1 2023.
- Key Square Capital Management opened 6 new positions and closed 5 in Q1 2023.
- Key Square Capital Management's portfolio value rose 16% quarter-over-quarter to $120M.
Based on Key Square Capital Management's 13F filing for Q1 2023, filed 15 May 2023.