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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
+3.49%
1 Year Est. Return
+183.72%
3 Year Est. Return
+337.34%
5 Year Est. Return
+421.47%
10 Year Est. Return
–
AUM
$1.41B
AUM Growth
-$506M
Cap. Flow
-$178M
Cap. Flow %
-12.64%
Top 10 Hldgs %
100%
Holding
14
New
3
Increased
4
Reduced
1
Closed
6

Top Buys

Rank Stock Value
1
VSM
Versum Materials, Inc.
VSM
+$16.1M
2
GWR
Genesee & Wyoming Inc.
GWR
+$14.1M
3
CBPO
China Biologic Products Holdings, Inc.
CBPO
+$12M
4
PVTL
Pivotal Software, Inc.
PVTL
+$12M
5
WBC
WABCO HOLDINGS INC.
WBC
+$3.3M

Top Sells

Rank Stock Value
1
RHT
Red Hat Inc
RHT
+$148M
2
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$47.6M
3
ARRY
Array Biopharma Inc
ARRY
+$40.2M
4
FDC
First Data Corporation
FDC
+$1.33M

Sector Composition

Rank Sector Weight
1 Miscellaneous 85.67%
2 Consumer Discretionary 5.58%
3 Healthcare 4.8%
4 Materials 1.9%
5 Technology 1.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$795B
$1.21B 85.67%
406,100
-76,200
-16% -$22.5M
WBC
2
DELISTED
WABCO HOLDINGS INC.
WBC
$78.8M 5.58%
588,899
+24,840
+4% +$3.3M
ONCE
3
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
$34.9M 2.47%
359,793
+5,135
+1% +$514K
VSM
4
DELISTED
Versum Materials, Inc.
VSM
$26.8M 1.9%
506,989
+309,018
+156% +$16.1M
PACB icon
5
Pacific Biosciences
PACB
$417M
$19M 1.35%
3,689,527
+186,234
+5% +$1.04M
PVTL
6
DELISTED
Pivotal Software, Inc.
PVTL
$14.6M 1.04%
+979,423
New +$12M
GWR
7
DELISTED
Genesee & Wyoming Inc.
GWR
$14.2M 1.01%
+128,384
New +$14.1M
CBPO
8
DELISTED
China Biologic Products Holdings, Inc.
CBPO
$13.8M 0.98%
+120,573
New +$12M
BA icon
9
PUT
Boeing
BA
$160B
– –
-288,600
Closed -$105M
OXY icon
10
PUT
Occidental Petroleum
OXY
$59.3B
– –
-265,100
Closed -$13.3M
ARRY
11
DELISTED
Array Biopharma Inc
ARRY
– –
-867,600
Closed -$40.2M
TRCO
12
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
– –
-1,029,039
Closed -$47.6M
RHT
13
DELISTED
Red Hat Inc
RHT
– –
-789,782
Closed -$148M
FDC
14
DELISTED
First Data Corporation
FDC
– –
-49,153
Closed -$1.33M

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Kite Lake Capital Management (UK)'s Q3 2019 Portfolio in Review

As of Q3 2019, Kite Lake Capital Management (UK) held 14 positions worth $1.41B, down 26% from $1.92B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Kite Lake Capital Management (UK) withdrew a net $178M in Q3 2019, closing 6 positions and reducing 1 holding. Its most notable exit was Red Hat Inc, an estimated $148M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 86% of assets, up from 80% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Kite Lake Capital Management (UK) opened a new position in Genesee & Wyoming Inc. worth $14.2M.

  • Kite Lake Capital Management (UK)'s largest Q3 2019 buy was Genesee & Wyoming Inc.: 128,384 shares worth $14.2M.
  • Kite Lake Capital Management (UK) added most to Versum Materials, Inc. in Q3 2019, an estimated $16.1M increase.
  • Kite Lake Capital Management (UK) fully exited Red Hat Inc in Q3 2019, selling an estimated $148M.
  • Kite Lake Capital Management (UK)'s ten largest holdings make up 100% of its $1.41B portfolio in Q3 2019.
  • Kite Lake Capital Management (UK) opened 3 new positions and closed 6 in Q3 2019.
  • Kite Lake Capital Management (UK)'s portfolio value fell 26% quarter-over-quarter to $1.41B.

Based on Kite Lake Capital Management (UK)'s 13F filing for Q3 2019, filed 14 Nov 2019.