Managers / Q4 2019 · view latest →
Kellner Capital, LLC
CIK 0001550188 · PO BOX 1627, NEW YORK, NY, 10150 · 212-350-0262
Summary
Kellner Capital, LLC reported $158M in U.S.-listed holdings across 31 positions for Q4 2019.
Its largest position, Allergan, represents 14.0% of the portfolio.
Compared with Q3 2019, the fund opened 21 new positions and exited 17.
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 · 60.2% · $95M
- Other · 39.7% · $63M
- Right · 0.1% · $103,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| IBERIABANK CORP | NEW | +277.0K | 277.0K | +$21M | $21M |
| LIBERTY PPTY TR | NEW | +189.0K | 189.0K | +$11M | $11M |
| TIFFANY & CO NEW | NEW | +83.1K | 83.1K | +$11M | $11M |
| AIRCASTLE LTD | NEW | +274.8K | 274.8K | +$9M | $9M |
| MEDICINES CO | NEW | +101.7K | 101.7K | +$9M | $9M |
| TECH DATA CORP | NEW | +54.4K | 54.4K | +$8M | $8M |
| INTERXION HOLDING N.V | NEW | +85.3K | 85.3K | +$7M | $7M |
| RA PHARMACEUTICALS INC | NEW | +91.1K | 91.1K | +$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 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ALLERGAN PLC | SHS | 13.96% | $22M | 115.4K |
| 2 | IBERIABANK CORP | COM | 13.12% | $21M | 277.0K |
| 3 | LIBERTY PPTY TR | SH BEN INT | 7.18% | $11M | 189.0K |
| 4 | TIFFANY & CO NEW | COM | 7.03% | $11M | 83.1K |
| 5 | TALLGRASS ENERGY LP | CLASS A SHS | 6.11% | $10M | 436.5K |
| 6 | ZAYO GROUP HLDGS INC | COM | 5.74% | $9M | 261.9K |
| 7 | AIRCASTLE LTD | COM | 5.57% | $9M | 274.8K |
| 8 | MEDICINES CO | COM | 5.47% | $9M | 101.7K |
| 9 | WABCO HLDGS INC | COM | 5.09% | $8M | 59.3K |
| 10 | TECH DATA CORP | COM | 4.94% | $8M | 54.4K |
| 11 | INTERXION HOLDING N.V | SHS | 4.52% | $7M | 85.3K |
| 12 | RA PHARMACEUTICALS INC | COM | 2.71% | $4M | 91.1K |
| 13 | ARQULE INC | COM | 2.10% | $3M | 166.0K |
| 14 | CONTINENTAL BLDG PRODS INC | COM | 2.01% | $3M | 87.2K |
| 15 | LYON WILLIAM HOMES | CL A NEW | 1.86% | $3M | 147.0K |
| 16 | CNCCENTENE CORP DELhistory → | COM | 1.48% | $2M | 37.2K |
| 17 | ENTEGRA FINL CORP | COM | 1.44% | $2M | 75.5K |
| 18 | CYEURCYPRESS SEMICONDUCTOR CORPhistory → | COM | 1.34% | $2M | 90.5K |
| 19 | SCHWTHE CHARLES SCHWAB CORPhistory → | COM | 1.19% | $2M | 39.6K |
| 20 | FITBIT INC | CL A | 1.14% | $2M | 274.2K |
| 21 | MELLANOX TECHNOLOGIES LTD | SHS | 0.99% | $2M | 13.3K |
| 22 | PATTERN ENERGY GROUP INC | CL A | 0.97% | $2M | 57.2K |
| 23 | WRIGHT MED GROUP N V | ORD SHS | 0.78% | $1M | 40.6K |
| 24 | CENTRAL EUROPEAN MEDIA ENTRP | CL A NEW | 0.78% | $1M | 272.9K |
| 25 | ACIAACACIA COMMUNICATIONS INC | COM | 0.77% | $1M | 18.0K |
| 26 | INNOPHOS HOLDINGS INC | COM | 0.65% | $1M | 31.9K |
| 27 | MUTUALFIRST FINL INC | COM | 0.35% | $555,000 | 14.0K |
| 28 | ELDORADO RESORTS INC | COM | 0.34% | $534,000 | 9.0K |
| 29 | BANCORP NEW JERSEY INC NEW | COM | 0.16% | $257,000 | 13.3K |
| 30 | TELARIA INC | COM | 0.15% | $231,000 | 26.2K |
| 31 | BRISTOL-MYERS SQUIBB CO | RIGHT | 0.07% | $103,000 | 34.3K |
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 ↗.