SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Kellner Capital, LLC

CIK 0001550188 · PO BOX 1627, NEW YORK, NY, 10150 · 212-350-0262

Reported Value
$326M
Q2 2021
Positions
31
Filings on Record
20
2019–present window
Filed
Aug 9, 2021
original filing

Summary

Kellner Capital, LLC reported $326M in U.S.-listed holdings across 31 positions for Q2 2021.

Its largest position, Ihs Markit, represents 12.4% of the portfolio.

Compared with Q1 2021, the fund opened 14 new positions and exited 16.

Portfolio Metrics

Turnover
+40.5%
vs prior filed quarter
Top-10 Concentration
+69.1%
share of reported value
Largest Position
+12.4%
Ihs Markit
New / Exited
14 / 16
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: $147MQ1 ’19Q2 ’19: $224MQ3 ’19: $142MQ4 ’19: $158MQ4 ’19Q1 ’20: $216MQ2 ’20: $203MQ3 ’20: $185MQ3 ’20Q4 ’20: $190MQ1 ’21: $276MQ2 ’21: $326MQ2 ’21Q3 ’21: $257MQ4 ’21: $219MQ1 ’22: $134MQ1 ’22Q2 ’22: $148MQ3 ’22: $177MQ4 ’22: $86MQ4 ’22Q1 ’23: $72MQ2 ’23: $87MQ3 ’23: $85MQ3 ’23Q4 ’23: $56Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 74.4%Other: 17.5%REIT: 7.5%ADR: 0.6%
  • Common Stock · 74.4% · $243M
  • Other · 17.5% · $57M
  • REIT · 7.5% · $24M
  • ADR · 0.6% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PFPTPROOFPOINT INCNEW+120.7K120.7K+$21M$21M
VERVEREIT INCNEW+379.2K379.2K+$17M$17M
NUANCE COMMUNICATIONS INCNEW+303.6K303.6K+$17M$17M
MAGELLAN HEALTH INCNEW+143.6K143.6K+$14M$14M
CADENCE BANCORPORATIONNEW+335.1K335.1K+$7M$7M
QTS RLTY TR INCNEW+90.0K90.0K+$7M$7M
ORBCORBCOMM INCNEW+416.7K416.7K+$5M$5M
KANSAS CITY SOUTHERNNEW+13.5K13.5K+$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 2021

31 positions
#IssuerClass% PortfolioValueShares
1IHS MARKIT LTDSHS12.43%$41M359.6K
2PRSPPRA HEALTH SCIENCES INChistory →COM8.74%$29M172.5K
3ALXNALEXION PHARMACEUTICALS INChistory →COM7.35%$24M130.5K
4WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS6.90%$22M97.7K
5WORKSLACK TECHNOLOGIES INChistory →COM CL A6.51%$21M479.1K
6PFPTPROOFPOINT INChistory →COM6.43%$21M120.7K
7VERVEREIT INChistory →COM5.34%$17M379.2K
8CIT GROUP INCCOM NEW5.23%$17M330.6K
9MXIMMAXIM INTEGRATED PRODShistory →COM5.10%$17M157.8K
10NUANCE COMMUNICATIONS INCCOM5.07%$17M303.6K
11MAGELLAN HEALTH INCCOM NEW4.15%$14M143.6K
12XILINX INCCOM3.70%$12M83.4K
13GRACE W R & CO DEL NEWCOM2.47%$8M116.6K
14NAVNAVISTAR INTL CORP NEWhistory →COM2.20%$7M161.2K
15CADENCE BANCORPORATIONCL A2.15%$7M335.1K
16QTS RLTY TR INCCOM CL A2.13%$7M90.0K
17WATFORD HLDGS LTDSHS2.04%$7M189.9K
18ORBCORBCOMM INChistory →COM1.44%$5M416.7K
19BPFHBOSTON PRIVATE FINL HLDGS INhistory →COM1.33%$4M294.3K
20KANSAS CITY SOUTHERNCOM NEW1.17%$4M13.5K
21UFSDOMTAR CORPhistory →COM NEW1.14%$4M67.5K
22CNSTCONSTELLATION PHARMCETICL Ihistory →COM1.12%$4M108.4K
23LUMINEX CORP DELCOM1.11%$4M98.4K
24PPD INCCOM1.08%$4M76.2K
25BROOKFIELD PROPERTY PARTRS LUNIT LTD PARTN0.81%$3M139.2K
26CLDRCLOUDERA INCCOM0.78%$3M160.3K
27COHERENT INCCOM0.73%$2M9.0K
28SOGOU INCADR REPSTG A0.63%$2M239.4K
29CHANGE HEALTHCARE INCCOM0.42%$1M59.9K
30KNLKNOLL INCCOM NEW0.21%$699,00026.9K
31FORTERRA INCCOM0.06%$205,0008.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2023$56M18Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$85M21Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$87M26Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$72M29May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$86M33Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$177M41Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$148M33Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$134M31May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$219M28Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$257M27Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$326M31Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$276M33May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$190M29Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$185M28Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$203M23Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$216M32May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$158M31Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$142M27Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$224M33Aug 5, 201913F-HRchanges · EDGAR ↗
Q1 2019$147M27May 15, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • PRELUDE CAPITAL MANAGEMENT, LLC
  • AXS INVESTMENTS

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 ↗.