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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
+5.62%
1 Year Est. Return
+198.01%
3 Year Est. Return
+266.95%
5 Year Est. Return
+402.58%
10 Year Est. Return
–
AUM
$93.5M
AUM Growth
-$27.6M
Cap. Flow
-$26.4M
Cap. Flow %
-28.27%
Top 10 Hldgs %
100%
Holding
12
New
3
Increased
–
Reduced
5
Closed
3

Top Buys

Rank Stock Value
1
NATI
National Instruments Corp
NATI
+$14.8M
2
UBS icon
UBS Group
UBS
+$10.4M
3
BHVN icon
Biohaven
BHVN
+$7.4M

Top Sells

Rank Stock Value
1
ROG icon
Rogers Corp
ROG
+$19.4M
2
ODP
ODP
ODP
+$13.6M
3
DO
Diamond Offshore Drilling, Inc.
DO
+$10.3M
4
VAL icon
Valaris
VAL
+$9.13M
5
NE icon
Noble Corp
NE
+$3.35M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 39.36%
2 Technology 22.97%
3 Financials 11.35%
4 Materials 10.87%
5 Energy 8.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ODP
1
DELISTED
ODP
ODP
$22.2M 23.76%
494,146
-278,355
-36% -$13.6M
NATI
2
DELISTED
National Instruments Corp
NATI
$15.5M 16.56%
+295,500
New +$14.8M
SPWH icon
3
Sportsman's Warehouse
SPWH
$46M
$14.6M 15.59%
1,719,699
-205,301
-11% -$1.87M
UBS icon
4
UBS Group
UBS
$173B
$10.6M 11.35%
+500,000
New +$10.4M
IAUX
5
i-80 Gold Corp
IAUX
$1.31B
$10.2M 10.87%
4,183,500
– –
NE icon
6
Noble Corp
NE
$6.5B
$7.5M 8.02%
190,000
-83,685
-31% -$3.35M
BHVN icon
7
Biohaven
BHVN
$2.17B
$6.35M 6.79%
+464,986
New +$7.4M
MX icon
8
Magnachip Semiconductor
MX
$141M
$6M 6.41%
646,107
-94,893
-13% -$940K
DO
9
DELISTED
Diamond Offshore Drilling, Inc.
DO
$602K 0.64%
50,000
-900,000
-95% -$10.3M
ROG icon
10
Rogers Corp
ROG
$2.39B
– –
-162,518
Closed -$19.4M
VAL icon
11
Valaris
VAL
$5.35B
– –
-135,000
Closed -$9.13M
MNK
12
DELISTED
Mallinckrodt plc
MNK
– –
-60,664
Closed -$470K

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Kite Lake Capital Management (UK)'s Q1 2023 Portfolio in Review

As of Q1 2023, Kite Lake Capital Management (UK) held 12 positions worth $93.5M, down 23% from $121M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Kite Lake Capital Management (UK) withdrew a net $26.4M in Q1 2023, closing 3 positions and reducing 5 holdings. Its most notable exit was Rogers Corp, an estimated $19.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, down from 44% a quarter earlier, followed by Technology and Financials.

Against the trend, Kite Lake Capital Management (UK) opened a new position in National Instruments Corp worth $15.5M.

  • Kite Lake Capital Management (UK)'s largest Q1 2023 buy was National Instruments Corp: 295,500 shares worth $15.5M.
  • Kite Lake Capital Management (UK)'s biggest Q1 2023 reduction was ODP, cutting an estimated $13.6M.
  • Kite Lake Capital Management (UK) fully exited Rogers Corp in Q1 2023, selling an estimated $19.4M.
  • Kite Lake Capital Management (UK)'s ten largest holdings make up 100% of its $93.5M portfolio in Q1 2023.
  • Kite Lake Capital Management (UK) opened 3 new positions and closed 3 in Q1 2023.
  • Kite Lake Capital Management (UK)'s portfolio value fell 23% quarter-over-quarter to $93.5M.

Based on Kite Lake Capital Management (UK)'s 13F filing for Q1 2023, filed 15 May 2023.