SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Kellner Capital, LLC

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

Reported Value
$257M
Q3 2021
Positions
27
Filings on Record
20
2019–present window
Filed
Nov 10, 2021
original filing

Summary

Kellner Capital, LLC reported $257M in U.S.-listed holdings across 27 positions for Q3 2021.

Its largest position, Ihs Markit, represents 16.3% of the portfolio.

Compared with Q2 2021, the fund opened 12 new positions and exited 16.

Portfolio Metrics

Turnover
+32.0%
vs prior filed quarter
Top-10 Concentration
+78.1%
share of reported value
Largest Position
+16.3%
Ihs Markit
New / Exited
12 / 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: 70.1%Other: 20.2%REIT: 9.7%
  • Common Stock · 70.1% · $180M
  • Other · 20.2% · $52M
  • REIT · 9.7% · $25M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CSODCONRNERSTONE ONDEMAND INCNEW+278.8K278.8K+$16M$16M
STLSTERLING BANCORP DELNEW+238.8K238.8K+$6M$6M
SCIPLAY CORPORATIONNEW+279.4K279.4K+$6M$6M
ATHENE HOLDING LTDNEW+72.8K72.8K+$5M$5M
MDLAMEDALLIA INCNEW+129.9K129.9K+$4M$4M
LYDALL INCNEW+67.8K67.8K+$4M$4M
COLUMBIA PPTY TR INCNEW+183.4K183.4K+$3M$3M
STMPSTAMPS COM INCNEW+9.0K9.0K+$3M$3M

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

Holdings — Q3 2021

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IHS MARKIT LTDSHS16.31%$42M359.6K
2WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS9.24%$24M102.2K
3VERVEREIT INChistory →COM8.37%$22M475.6K
4NUANCE COMMUNICATIONS INCCOM7.85%$20M366.6K
5CIT GROUP INCCOM NEW7.43%$19M367.7K
6MAGELLAN HEALTH INCCOM NEW6.84%$18M186.1K
7XILINX INCCOM6.28%$16M106.9K
8CSODCONRNERSTONE ONDEMAND INChistory →COM6.21%$16M278.8K
9UFSDOMTAR CORPhistory →COM NEW5.61%$14M264.3K
10KANSAS CITY SOUTHERNCOM NEW3.96%$10M37.6K
11CADENCE BANCORPORATIONCL A2.90%$7M339.5K
12STLSTERLING BANCORP DELhistory →COM2.32%$6M238.8K
13SCIPLAY CORPORATIONCL A2.25%$6M279.4K
14ATHENE HOLDING LTDCL A1.95%$5M72.8K
15MDLAMEDALLIA INChistory →COM1.71%$4M129.9K
16LYDALL INCCOM1.64%$4M67.8K
17PPD INCCOM1.39%$4M76.2K
18COLUMBIA PPTY TR INCCOM NEW1.36%$3M183.4K
19CLDRCLOUDERA INChistory →COM1.22%$3M196.2K
20STMPSTAMPS COM INChistory →COM NEW1.15%$3M9.0K
21COHERENT INCCOM0.88%$2M9.0K
22COVANTA HLDG CORPCOM0.84%$2M107.7K
23KRATON CORPCOM0.72%$2M40.3K
24SCORE MEDIA & GAMING INCCL A SUB VTG SHS0.52%$1M38.7K
25ATLANTIC CAP BANCSHARES INCCOM0.50%$1M48.5K
26CHANGE HEALTHCARE INCCOM0.49%$1M59.9K
27FORTERRA INCCOM0.08%$206,0008.7K

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 ↗.