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KLCMU

Kite Lake Capital Management (UK) Portfolio holdings

AUM $290M
1-Year Est. Return 183.72%
This Fund
S&P 500
This Quarter Est. Return
+7.2%
1 Year Est. Return
+183.72%
3 Year Est. Return
+337.34%
5 Year Est. Return
+421.47%
10 Year Est. Return
–
AUM
$313M
AUM Growth
-$171M
Cap. Flow
-$51.1M
Cap. Flow %
-16.34%
Top 10 Hldgs %
98.19%
Holding
22
New
2
Increased
6
Reduced
3
Closed
10

Top Buys

Rank Stock Value
1
RHT
Red Hat Inc
RHT
+$38.8M
2
IDTI
Integrated Device Technology I
IDTI
+$27.5M
3
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$21.9M
4
NSU
Nevsun Resources Ltd.
NSU
+$12.8M
5
CBPO
China Biologic Products Holdings, Inc.
CBPO
+$3.12M

Top Sells

Rank Stock Value
1
SODA
SodaStream International Ltd
SODA
+$36.6M
2
NXPI icon
NXP Semiconductors
NXPI
+$30.3M
3
PX
Praxair Inc
PX
+$24.8M
4
AET
Aetna Inc
AET
+$14.4M
5
NXTM
NxStage Medical Inc.
NXTM
+$14.1M

Sector Composition

Rank Sector Weight
1 Communication Services 33.07%
2 Materials 25.65%
3 Technology 17.71%
4 Miscellaneous 12.26%
5 Healthcare 11.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NSU
1
DELISTED
Nevsun Resources Ltd.
NSU
$56.4M 18.02%
12,856,043
+2,887,995
+29% +$12.8M
IDTI
2
DELISTED
Integrated Device Technology I
IDTI
$51.5M 16.48%
1,064,250
+582,170
+121% +$27.5M
TRCO
3
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$44.5M 14.22%
980,271
+541,117
+123% +$21.9M
RHT
4
DELISTED
Red Hat Inc
RHT
$43.1M 13.76%
+245,118
New +$38.8M
USG
5
DELISTED
Usg
USG
$23.9M 7.63%
559,483
+52,855
+10% +$2.26M
SPY icon
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$795B
$21.8M 6.98%
87,400
-380,700
-81% -$103M
NXTM
7
DELISTED
NxStage Medical Inc.
NXTM
$18.8M 6%
655,364
-496,616
-43% -$14.1M
VMW
8
PUT
DELISTED
VMware, Inc
VMW
$16.5M 5.27%
+120,300
New +$18.2M
TFCF
9
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$15.9M 5.09%
333,184
– –
CBPO
10
DELISTED
China Biologic Products Holdings, Inc.
CBPO
$14.8M 4.74%
195,240
+42,404
+28% +$3.12M
DELL icon
11
Dell
DELL
$358B
$3.86M 1.23%
155,944
-278,771
-64% -$7.63M
AKRX
12
DELISTED
Akorn Inc
AKRX
$1.81M 0.58%
533,083
+14,057
+3% +$83.6K
NXPI icon
13
NXP Semiconductors
NXPI
$55.2B
– –
-354,308
Closed -$30.3M
SMH icon
14
PUT
VanEck Semiconductor ETF
SMH
$67.5B
– –
-546,800
Closed -$29.1M
VMW
15
CALL
DELISTED
VMware, Inc
VMW
– –
-21,300
Closed -$3.32M
SODA
16
DELISTED
SodaStream International Ltd
SODA
– –
-255,745
Closed -$36.6M
AET
17
DELISTED
Aetna Inc
AET
– –
-71,025
Closed -$14.4M
KTWO
18
DELISTED
K2M Group Holdings, Inc
KTWO
– –
-389,224
Closed -$10.7M
PX
19
DELISTED
Praxair Inc
PX
– –
-154,200
Closed -$24.8M
EVHC
20
DELISTED
Envision Healthcare Holdings Inc
EVHC
– –
-34,318
Closed -$1.57M
WEB
21
DELISTED
Web.com Group, Inc.
WEB
– –
-421,218
Closed -$11.8M
SHPG
22
DELISTED
Shire pic
SHPG
– –
-99,293
Closed -$5.84M

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Kite Lake Capital Management (UK)'s Q4 2018 Portfolio in Review

As of Q4 2018, Kite Lake Capital Management (UK) held 22 positions worth $313M, down 35% from $484M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Kite Lake Capital Management (UK) withdrew a net $51.1M in Q4 2018, closing 10 positions and reducing 3 holdings. Its most notable exit was SodaStream International Ltd, an estimated $36.6M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 33% of assets, up from 6.6% a quarter earlier, followed by Materials and Technology.

Against the trend, Kite Lake Capital Management (UK) opened a new position in Red Hat Inc worth $43.1M.

  • Kite Lake Capital Management (UK)'s largest Q4 2018 buy was Red Hat Inc: 245,118 shares worth $43.1M.
  • Kite Lake Capital Management (UK) added most to Integrated Device Technology I in Q4 2018, an estimated $27.5M increase.
  • Kite Lake Capital Management (UK)'s biggest Q4 2018 reduction was NxStage Medical Inc., cutting an estimated $14.1M.
  • Kite Lake Capital Management (UK) fully exited SodaStream International Ltd in Q4 2018, selling an estimated $36.6M.
  • Kite Lake Capital Management (UK)'s ten largest holdings make up 98% of its $313M portfolio in Q4 2018.
  • Kite Lake Capital Management (UK) opened 2 new positions and closed 10 in Q4 2018.
  • Kite Lake Capital Management (UK)'s portfolio value fell 35% quarter-over-quarter to $313M.

Based on Kite Lake Capital Management (UK)'s 13F filing for Q4 2018, filed 13 Feb 2019.