Managers / Q1 2020 · view latest →
Kellner Capital, LLC
CIK 0001550188 · PO BOX 1627, NEW YORK, NY, 10150 · 212-350-0262
Summary
Kellner Capital, LLC reported $216M in U.S.-listed holdings across 32 positions for Q1 2020.
Its largest position, Allergan, represents 11.9% of the portfolio.
Compared with Q4 2019, the fund opened 16 new positions and exited 15.
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 · 72.8% · $157M
- Other · 21.2% · $46M
- REIT · 5.9% · $13M
- Right · 0.0% · $62,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LOGMEIN INC | NEW | +274.0K | 274.0K | +$23M | $23M |
| LMEURLEGG MASON INC | NEW | +418.6K | 418.6K | +$20M | $20M |
| TCOTAUBMAN CTRS INC | NEW | +305.1K | 305.1K | +$13M | $13M |
| FORESCOUT TECHNOLGIES INC | NEW | +373.8K | 373.8K | +$12M | $12M |
| ETRAE TRADE FINANCIAL CORP | NEW | +187.9K | 187.9K | +$6M | $6M |
| FORTY SEVEN INC | NEW | +64.9K | 64.9K | +$6M | $6M |
| TCBITEXAS CAPITAL BANCSHARES INC | NEW | +226.1K | 226.1K | +$5M | $5M |
| CAESARS ENTMT CORP | NEW | +718.7K | 718.7K | +$5M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ALLERGAN PLC | SHS | 11.89% | $26M | 144.8K |
| 2 | TIFFANY & CO NEW | COM | 11.04% | $24M | 183.9K |
| 3 | LOGMEIN INC | COM | 10.58% | $23M | 274.0K |
| 4 | LMEURLEGG MASON INChistory → | COM | 9.48% | $20M | 418.6K |
| 5 | TECH DATA CORP | COM | 7.71% | $17M | 127.1K |
| 6 | TCOTAUBMAN CTRS INChistory → | COM | 5.92% | $13M | 305.1K |
| 7 | IBERIABANK CORP | COM | 5.75% | $12M | 343.1K |
| 8 | FORESCOUT TECHNOLGIES INC | COM | 5.47% | $12M | 373.8K |
| 9 | TALLGRASS ENERGY LP | CLASS A SHS | 4.22% | $9M | 552.8K |
| 10 | WABCO HLDGS INC | COM | 4.05% | $9M | 64.7K |
| 11 | ETRAE TRADE FINANCIAL CORPhistory → | COM NEW | 2.99% | $6M | 187.9K |
| 12 | FORTY SEVEN INC | COM | 2.87% | $6M | 64.9K |
| 13 | RA PHARMACEUTICALS INC | COM | 2.67% | $6M | 120.1K |
| 14 | WRIGHT MED GROUP N V | ORD SHS | 2.52% | $5M | 189.9K |
| 15 | TCBITEXAS CAPITAL BANCSHARES INChistory → | COM | 2.32% | $5M | 226.1K |
| 16 | CAESARS ENTMT CORP | COM | 2.25% | $5M | 718.7K |
| 17 | MEET GROUP INC | COM | 1.26% | $3M | 464.0K |
| 18 | NAVNAVISTAR INTL CORPhistory → | COM | 1.16% | $3M | 152.1K |
| 19 | CYEURCYPRESS SEMICONDUCTOR CORPhistory → | COM | 1.09% | $2M | 101.3K |
| 20 | WTWWILLIS TOWERS WATSON PLC LTD | SHS | 0.74% | $2M | 9.4K |
| 21 | HXLHEXCEL CORP NEW | COM | 0.68% | $1M | 39.2K |
| 22 | MELLANOX TECHNOLOGIES LTD | SHS | 0.58% | $1M | 10.3K |
| 23 | GAIN CAP HLDGS INC | COM | 0.58% | $1M | 222.6K |
| 24 | ADESTO TECHNOLGIES CORP | COM | 0.54% | $1M | 103.5K |
| 25 | SCHWSCHWAB CHARLES CORP | COM | 0.30% | $652,000 | 19.4K |
| 26 | ACIAACACIA COMMUNICATIONS INC | COM | 0.30% | $638,000 | 9.5K |
| 27 | FGL HLDGS | ORD SHS | 0.29% | $615,000 | 62.8K |
| 28 | MUTUALFIRST FINL INC | COM | 0.25% | $536,000 | 19.0K |
| 29 | CENTRAL EUROPEAN MEDIA ENTRP | CL A NEW | 0.22% | $475,000 | 151.7K |
| 30 | XPERXPERI CORP | COM | 0.13% | $281,000 | 20.2K |
| 31 | TELARIA INC | COM | 0.12% | $258,000 | 43.0K |
| 32 | BRISTOL-MYERS SQUIBB CO | RIGHT | 0.03% | $62,000 | 16.3K |
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 ↗.