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KLCMU

Kite Lake Capital Management (UK) Portfolio holdings

AUM $125M
1-Year Est. Return 198.01%
This Fund
S&P 500
This Quarter Est. Return
+13.88%
1 Year Est. Return
+198.01%
3 Year Est. Return
+266.95%
5 Year Est. Return
+402.58%
10 Year Est. Return
–
AUM
$129M
AUM Growth
-$297M
Cap. Flow
-$308M
Cap. Flow %
-238.89%
Top 10 Hldgs %
100%
Holding
14
New
2
Increased
3
Reduced
1
Closed
8

Top Buys

Rank Stock Value
1
DO
Diamond Offshore Drilling, Inc.
DO
+$16M
2
VAL icon
Valaris
VAL
+$7.79M
3
ODP
ODP
ODP
+$5.25M
4
SPWH icon
Sportsman's Warehouse
SPWH
+$2.3M
5
MX icon
Magnachip Semiconductor
MX
+$898K

Top Sells

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$82.1M
2
VG
Vonage Holdings Corporation
VG
+$56.7M
3
VNE
Veoneer, Inc.
VNE
+$41.4M
4
WBT
Welbilt, Inc.
WBT
+$39M
5
XENT
Intersect ENT, Inc
XENT
+$36M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 58.13%
2 Energy 38.61%
3 Technology 3.26%
4 Communication Services 0%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ODP
1
DELISTED
ODP
ODP
$46.5M 36.03%
1,014,501
+120,000
+13% +$5.25M
SPWH icon
2
Sportsman's Warehouse
SPWH
$46M
$28.5M 22.1%
2,667,673
+205,071
+8% +$2.3M
NE icon
3
Noble Corp
NE
$6.5B
$24.9M 19.3%
710,447
-193,765
-21% -$5.46M
DO
4
DELISTED
Diamond Offshore Drilling, Inc.
DO
$15.6M 12.07%
+2,184,181
New +$16M
VAL icon
5
Valaris
VAL
$5.35B
$9.36M 7.25%
+180,000
New +$7.79M
MX icon
6
Magnachip Semiconductor
MX
$141M
$4.21M 3.26%
249,000
+50,000
+25% +$898K
AMD icon
7
CALL
Advanced Micro Devices
AMD
$798B
– –
-387,500
Closed -$55.8M
AJRD
8
DELISTED
Aerojet Rocketdyne Holdings
AJRD
– –
-327,082
Closed -$15.3M
WBT
9
DELISTED
Welbilt, Inc.
WBT
– –
-1,642,756
Closed -$39M
XENT
10
DELISTED
Intersect ENT, Inc
XENT
– –
-1,320,000
Closed -$36M
JOBS
11
DELISTED
51job Inc
JOBS
– –
-177,526
Closed -$8.69M
VNE
12
DELISTED
Veoneer, Inc.
VNE
– –
-1,166,889
Closed -$41.4M
NUAN
13
DELISTED
Nuance Communications, Inc.
NUAN
– –
-1,484,205
Closed -$82.1M
VG
14
DELISTED
Vonage Holdings Corporation
VG
– –
-2,727,149
Closed -$56.7M

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Kite Lake Capital Management (UK)'s Q1 2022 Portfolio in Review

As of Q1 2022, Kite Lake Capital Management (UK) held 14 positions worth $129M, down 70% from $426M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Kite Lake Capital Management (UK) withdrew a net $308M in Q1 2022, closing 8 positions and reducing 1 holding. Its most notable exit was Nuance Communications, Inc., an estimated $82.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 58% of assets, up from 15% a quarter earlier, followed by Energy and Technology.

Against the trend, Kite Lake Capital Management (UK) opened a new position in Diamond Offshore Drilling, Inc. worth $15.6M.

  • Kite Lake Capital Management (UK)'s largest Q1 2022 buy was Diamond Offshore Drilling, Inc.: 2,184,181 shares worth $15.6M.
  • Kite Lake Capital Management (UK) added most to ODP in Q1 2022, an estimated $5.25M increase.
  • Kite Lake Capital Management (UK)'s biggest Q1 2022 reduction was Noble Corp, cutting an estimated $5.46M.
  • Kite Lake Capital Management (UK) fully exited Nuance Communications, Inc. in Q1 2022, selling an estimated $82.1M.
  • Kite Lake Capital Management (UK)'s ten largest holdings make up 100% of its $129M portfolio in Q1 2022.
  • Kite Lake Capital Management (UK) opened 2 new positions and closed 8 in Q1 2022.
  • Kite Lake Capital Management (UK)'s portfolio value fell 70% quarter-over-quarter to $129M.

Based on Kite Lake Capital Management (UK)'s 13F filing for Q1 2022, filed 16 May 2022.