Managers / Q2 2019 · view latest →
Kellner Capital, LLC
CIK 0001550188 · PO BOX 1627, NEW YORK, NY, 10150 · 212-350-0262
Summary
Kellner Capital, LLC reported $224M in U.S.-listed holdings across 33 positions for Q2 2019.
Its largest position, Suntrust Bks, represents 10.9% of the portfolio.
Compared with Q1 2019, the fund opened 21 new positions and exited 14.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 60.3% · $135M
- Other · 28.6% · $64M
- MLP · 11.2% · $25M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HFF INC | NEW | +313.2K | 313.2K | +$14M | $14M |
| MEDIDATA SOLUTIONS INC | NEW | +100.3K | 100.3K | +$9M | $9M |
| TSSTOTAL SYS SVCS INC | NEW | +56.7K | 56.7K | +$7M | $7M |
| WABCO HLDGS INC | NEW | +49.1K | 49.1K | +$7M | $7M |
| ANDEAVOR LOGISTICS LP | NEW | +169.5K | 169.5K | +$6M | $6M |
| AMERIGAS PARTNERS L P | NEW | +161.1K | 161.1K | +$6M | $6M |
| DATATABLEAU SOFTWARE INC | NEW | +28.5K | 28.5K | +$5M | $5M |
| LEGACY TEX FINL GROUP INC | NEW | +96.0K | 96.0K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SUNTRUST BKS INC | COM | 10.88% | $24M | 387.2K |
| 2 | WORLDPAY INC | CL A | 9.63% | $22M | 175.8K |
| 3 | CELGCELEGENE CORPhistory → | COM | 7.78% | $17M | 188.4K |
| 4 | RED HAT INC | COM | 6.74% | $15M | 80.3K |
| 5 | HFF INC | CL A | 6.37% | $14M | 313.2K |
| 6 | FDCFIRST DATA CORP NEWhistory → | COM CL A | 6.23% | $14M | 515.1K |
| 7 | ANDARKO PETE CORP | COM | 5.61% | $13M | 177.9K |
| 8 | OAKTREE CAPITAL GROUP LLC | UNIT CL A | 4.98% | $11M | 224.9K |
| 9 | MEDIDATA SOLUTIONS INC | COM | 4.06% | $9M | 100.3K |
| 10 | TCF FINANCIAL CORP | COM | 3.51% | $8M | 377.4K |
| 11 | TSSTOTAL SYS SVCS INChistory → | COM | 3.25% | $7M | 56.7K |
| 12 | VERSUM MATLS INC | COM | 3.20% | $7M | 138.8K |
| 13 | WABCO HLDGS INC | COM | 2.91% | $7M | 49.1K |
| 14 | TRCOTRIBUNE MEDIA COhistory → | CL A | 2.80% | $6M | 135.6K |
| 15 | ANDEAVOR LOGISTICS LP | COM UNIT LP INT | 2.75% | $6M | 169.5K |
| 16 | AMERIGAS PARTNERS L P | UNIT L P INT | 2.51% | $6M | 161.1K |
| 17 | DATATABLEAU SOFTWARE INChistory → | CL A | 2.11% | $5M | 28.5K |
| 18 | LEGACY TEX FINL GROUP INC | COM | 1.75% | $4M | 96.0K |
| 19 | ARRAY BIOPHARMA INC | COM | 1.72% | $4M | 82.9K |
| 20 | CRAYCRAY INChistory → | COM NEW | 1.70% | $4M | 109.0K |
| 21 | LEXEALIBERTY EXPEDIA HLDGS INChistory → | SER A COM | 1.53% | $3M | 71.6K |
| 22 | CTRLCONTROL4 CORPhistory → | COM | 1.53% | $3M | 143.8K |
| 23 | ALLERGAN PLC | SHS | 1.47% | $3M | 19.7K |
| 24 | SHUTTERFLY INC | COM | 1.18% | $3M | 52.4K |
| 25 | BUCKEYE PARTNERS LP | UNIT LTD PARTN | 0.75% | $2M | 40.6K |
| 26 | ENTEGRA FINL CORP | COM | 0.68% | $2M | 50.5K |
| 27 | MELLANOX TECHNOLOGIES LTD | SHS | 0.66% | $1M | 13.3K |
| 28 | CYEURCYPRESS SEMICONDUCTOR CORP | COM | 0.64% | $1M | 64.3K |
| 29 | SPARK THERAPEUTICS INC | COM | 0.41% | $921,000 | 9.0K |
| 30 | AQAQUANTIA CORP | COM | 0.25% | $567,000 | 43.5K |
| 31 | AMERICAN MIDSTREAM PARTNERS | COM UNITS | 0.19% | $414,000 | 80.0K |
| 32 | EFIIELECTRONICS FOR IMAGING INC | COM | 0.16% | $362,000 | 9.8K |
| 33 | II VI INC | COM | 0.08% | $176,000 | 4.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2023 | $56M | 18 | Feb 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $85M | 21 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $87M | 26 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $72M | 29 | May 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $86M | 33 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $177M | 41 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $148M | 33 | Aug 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $134M | 31 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $219M | 28 | Feb 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $257M | 27 | Nov 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $326M | 31 | Aug 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $276M | 33 | May 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $190M | 29 | Feb 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $185M | 28 | Nov 9, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $203M | 23 | Aug 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $216M | 32 | May 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $158M | 31 | Feb 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $142M | 27 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $224M | 33 | Aug 5, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $147M | 27 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- PRELUDE CAPITAL MANAGEMENT, LLC
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 ↗.