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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
+22.73%
1 Year Est. Return
+198.01%
3 Year Est. Return
+266.95%
5 Year Est. Return
+402.58%
10 Year Est. Return
–
AUM
$126M
AUM Growth
-$944M
Cap. Flow
-$968M
Cap. Flow %
-770.44%
Top 10 Hldgs %
100%
Holding
25
New
–
Increased
1
Reduced
1
Closed
20

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$216M
2
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$176M
3
SGEN
Seagen Inc. Common Stock
SGEN
+$135M
4
NATI
National Instruments Corp
NATI
+$83.3M
5
NEWR
New Relic, Inc.
NEWR
+$77.7M

Sector Composition

Rank Sector Weight
1 Financials 17.28%
2 Materials 5.89%
3 Consumer Staples 0%
4 Energy 0%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBS icon
1
CALL
UBS Group
UBS
$175B
$89.6M 71.34%
2,900,000
+900,000
+45% +$23.7M
UBS icon
2
UBS Group
UBS
$175B
$21.7M 17.28%
700,000
-252,883
-27% -$6.65M
IAUX
3
i-80 Gold Corp
IAUX
$1.31B
$7.39M 5.89%
4,183,500
– –
BA icon
4
PUT
Boeing
BA
$188B
$6M 4.77%
23,000
– –
CCO icon
5
CALL
Clear Channel Outdoor Holdings
CCO
$1.23B
$910K 0.72%
500,000
– –
ACI icon
6
CALL
Albertsons Companies
ACI
$5.74B
– –
-360,000
Closed -$8.19M
ACI icon
7
Albertsons Companies
ACI
$5.74B
– –
-18,218
Closed -$414K
AVGO icon
8
CALL
Broadcom
AVGO
$2.02T
– –
-700,000
Closed -$58.1M
CPRI icon
9
Capri Holdings
CPRI
$1.78B
– –
-172,100
Closed -$9.05M
MXL icon
10
MaxLinear
MXL
$6.4B
– –
-1,035,420
Closed -$23M
SDRL icon
11
Seadrill
SDRL
$2.7B
– –
-50,000
Closed -$2.24M
SIMO icon
12
Silicon Motion
SIMO
$8.72B
– –
-813,416
Closed -$41.7M
VST icon
13
CALL
Vistra
VST
$47.9B
– –
-300,000
Closed -$9.95M
VST icon
14
PUT
Vistra
VST
$47.9B
– –
-200,000
Closed -$6.64M
AEL
15
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-350,000
Closed -$18.8M
SPLK
16
DELISTED
Splunk Inc
SPLK
– –
-125,000
Closed -$18.3M
SGEN
17
DELISTED
Seagen Inc. Common Stock
SGEN
– –
-637,583
Closed -$135M
SGEN
18
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
– –
-5,500
Closed -$1.17M
ABCM
19
DELISTED
Abcam PLC
ABCM
– –
-2,400,000
Closed -$54.3M
NXGN
20
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
– –
-753,104
Closed -$17.9M
NEWR
21
DELISTED
New Relic, Inc.
NEWR
– –
-907,000
Closed -$77.7M
HCCI
22
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
– –
-585,129
Closed -$26.5M
NATI
23
DELISTED
National Instruments Corp
NATI
– –
-1,396,890
Closed -$83.3M
HZNP
24
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-1,525,489
Closed -$176M
ATVI
25
DELISTED
Activision Blizzard
ATVI
– –
-2,304,600
Closed -$216M

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Kite Lake Capital Management (UK)'s Q4 2023 Portfolio in Review

As of Q4 2023, Kite Lake Capital Management (UK) held 25 positions worth $126M, down 88% from $1.07B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Kite Lake Capital Management (UK) withdrew a net $968M in Q4 2023, closing 20 positions and reducing 1 holding. Its most notable exit was Activision Blizzard, an estimated $216M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 4% a quarter earlier, followed by Materials and Consumer Staples.

  • Kite Lake Capital Management (UK)'s biggest Q4 2023 reduction was UBS Group, cutting an estimated $6.65M.
  • Kite Lake Capital Management (UK) fully exited Activision Blizzard in Q4 2023, selling an estimated $216M.
  • Kite Lake Capital Management (UK)'s ten largest holdings make up 100% of its $126M portfolio in Q4 2023.
  • Kite Lake Capital Management (UK) opened 0 new positions and closed 20 in Q4 2023.
  • Kite Lake Capital Management (UK)'s portfolio value fell 88% quarter-over-quarter to $126M.

Based on Kite Lake Capital Management (UK)'s 13F filing for Q4 2023, filed 14 Feb 2024.