SEC 13F Intelligence

Managers / Q4 2023 · view latest →

RK Capital Management, LLC

CIK 0001426266 · 3033 E. FIRST AVENUE, SUITE 401, DENVER, CO, 80206-5619 · 303 394 0101

Reported Value
$470M
Q4 2023
Positions
48
Filings on Record
24
2019–present window
Filed
Feb 13, 2024
original filing

Summary

Rk Capital Management, LLC reported $470M in U.S.-listed holdings across 48 positions for Q4 2023.

Its largest position, Topbuild, represents 4.4% of the portfolio.

Compared with Q3 2023, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+15.4%
vs prior filed quarter
Top-10 Concentration
+37.1%
share of reported value
Largest Position
+4.4%
Topbuild
New / Exited
8 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $347MQ1 ’19Q2 ’19: $323MQ3 ’19: $273MQ4 ’19: $267MQ4 ’19Q1 ’20: $222MQ2 ’20: $342MQ3 ’20: $353MQ3 ’20Q4 ’20: $452MQ1 ’21: $502MQ2 ’21: $532MQ2 ’21Q3 ’21: $528MQ4 ’21: $550MQ1 ’22: $510MQ1 ’22Q2 ’22: $425MQ3 ’22: $390MQ4 ’22: $422MQ4 ’22Q1 ’23: $455MQ2 ’23: $466MQ3 ’23: $423MQ3 ’23Q4 ’23: $470MQ1 ’24: $495MQ2 ’24: $373MQ2 ’24filingsflow.com

Portfolio Composition

By security type
Common Stock: 93.4%Other: 4.9%ETP: 1.8%
  • Common Stock · 93.4% · $438M
  • Other · 4.9% · $23M
  • ETP · 1.8% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GTLSCHART INDUSTRIES INCNEW+50.2K50.2K+$7M$7M
VRRMVERRA MOBLITY CORPORATIONNEW+271.3K271.3K+$6M$6M
USPHU.S. PHYSICAL THERAPY INCNEW+66.2K66.2K+$6M$6M
LSPDLIGHTSPEED COMMERCE INCNEW+281.9K281.9K+$6M$6M
IWMISHARES TRNEW+24.5K24.5K+$5M$5M
MMSMAXIMUS INCNEW+52.2K52.2K+$4M$4M
FIVNFIVE9 INCNEW+53.2K53.2K+$4M$4M
IWOISHARES TRNEW+13.9K13.9K+$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

47 positions (from 48 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TOPBUILD CORPCOM4.45%$21M55.8K
2FIXCOMFORT SYS USA INChistory →COM4.30%$20M98.1K
3MMSIMERIT MED SYS INChistory →COM3.98%$19M246.0K
4SPX CORPCOM3.82%$18M177.8K
5FSSFEDERAL SIGNAL CORPhistory →COM3.76%$18M230.0K
6ASOACADEMY SPORTS & OUTDOORS INhistory →COM CL A3.51%$17M250.0K
7IRMDIRADIMED CORPhistory →COM3.44%$16M340.4K
8CECOCECO ENVIRONMENTAL CORPhistory →COM3.41%$16M790.5K
9HURNHURON CONSULTING GROUP INChistory →COM3.34%$16M152.8K
10KBRKBR INChistory →COM3.05%$14M258.1K
11VECOVEECO INSTRUMENTS INChistory →COM2.91%$14M440.1K
12CSLCARLISLE COS INChistory →COM2.91%$14M43.7K
13POOLPOOL CORPhistory →COM2.83%$13M33.3K
14MATXMATSON INChistory →COM2.63%$12M112.5K
15BJRIBJS RESTAURANTS INChistory →COM2.62%$12M341.6K
16COCOVITA COCO CO INChistory →COM2.58%$12M472.0K
17ALGALAMO GROUP INChistory →COM2.43%$11M54.3K
18JAZZJAZZ PHARMACEUTICALS PLChistory →SHS USD2.41%$11M92.0K
19FWRGFIRST WATCH RESTAURANT GROUPhistory →COM2.19%$10M511.3K
20JBTMJOHN BEAN TECHNOLOGIES CORPhistory →COM2.13%$10M100.5K
21ICFIICF INTL INChistory →COM2.08%$10M72.9K
22KEXKIRBY CORPhistory →COM2.02%$9M120.6K
23CHDNCHURCHILL DOWNS INChistory →COM1.97%$9M68.4K
24GPIGROUP 1 AUTOMOTIVE INChistory →COM1.89%$9M29.1K
25OPCHOPTION CARE HEALTH INChistory →COM NEW1.84%$9M256.2K
26IWMISHARES TRRUSSELL 2000 ETF · RUS 2000 GRW ETF1.79%$8M38.4K
27GDENGOLDEN ENTMT INChistory →COM1.79%$8M210.1K
28EPACENERPAC TOOL GROUP CORPhistory →CL A COM1.67%$8M252.9K
29GXOGXO LOGISTICS INCORPORATEDhistory →COMMON STOCK1.65%$8M126.5K
30GTLSCHART INDUSTRIES INChistory →COM1.46%$7M50.2K
31HDSNHUDSON TECHNOLOGIES INChistory →COM1.43%$7M498.3K
32INDIINDIE SEMICONDUCTOR INChistory →CLASS A COM1.38%$6M801.4K
33VRRMVERRA MOBLITY CORPORATIONhistory →CL A COM STK1.33%$6M271.3K
34CXMSPRINKLR INChistory →CL A1.32%$6M514.1K
35USPHU.S. PHYSICAL THERAPY INChistory →COM1.31%$6M66.2K
36LSPDLIGHTSPEED COMMERCE INChistory →SUB VTG SHS1.26%$6M281.9K
37SEISOLARIS OILFIELD INFRSTR INChistory →COM CL A1.22%$6M721.2K
38THRMGENTHERM INChistory →COM1.14%$5M102.5K
39RRGBRED ROBIN GOURMET BURGERS INhistory →COM1.05%$5M397.0K
40LTRXLANTRONIX INChistory →COM NEW1.05%$5M842.2K
41LFUSLITTELFUSE INChistory →COM1.04%$5M18.2K
42POWERSCHOOL HOLDINGS INCCOM CL A1.03%$5M205.0K
43MGRCMCGRATH RENTCORPhistory →COM1.02%$5M40.2K
44MMSMAXIMUS INCCOM0.93%$4M52.2K
45FIVNFIVE9 INCCOM0.89%$4M53.2K
46HLITHARMONIC INCCOM0.89%$4M319.3K
47EXPOEXPONENT INCCOM0.87%$4M46.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2024Under review19Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$373M36Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$495M45May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$470M48Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$423M47Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$466M47Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$455M46May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$422M45Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$390M48Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$425M51Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$510M56May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$550M57Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$528M63Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$532M64Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$502M68May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$452M61Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$353M67Nov 16, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$342M62Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$222M50May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$267M56Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$273M54Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$323M51Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$347M47May 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.