Managers / Q4 2021 · view latest →
Kellner Capital, LLC
CIK 0001550188 · PO BOX 1627, NEW YORK, NY, 10150 · 212-350-0262
Summary
Kellner Capital, LLC reported $219M in U.S.-listed holdings across 28 positions for Q4 2021.
The portfolio is heavily concentrated: Ihs Markit alone accounts for 21.9% of reported value.
Compared with Q3 2021, the fund opened 14 new positions and exited 13.
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 · 63.8% · $139M
- Other · 33.3% · $73M
- REIT · 2.9% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PEOPLE'S UNITED FINANCIAL INC | NEW | +384.3K | 384.3K | +$7M | $7M |
| CYRUSONE INC | NEW | +71.6K | 71.6K | +$6M | $6M |
| MIMECAST LTD | NEW | +62.6K | 62.6K | +$5M | $5M |
| TEEKAY LNG PARTNERS L P | NEW | +225.7K | 225.7K | +$4M | $4M |
| INVESTORS BANCORP INC NEW | NEW | +236.0K | 236.0K | +$4M | $4M |
| TRISTATE CAP HLDGS INC | NEW | +58.3K | 58.3K | +$2M | $2M |
| CASPER SLEEP INC | NEW | +222.3K | 222.3K | +$1M | $1M |
| ARENA PHARMACEUTICALS INC | NEW | +13.4K | 13.4K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IHS MARKIT LTD | SHS | 21.87% | $48M | 359.6K |
| 2 | MAGELLAN HEALTH INC | COM NEW | 12.12% | $26M | 278.9K |
| 3 | XILINX INC | COM | 10.37% | $23M | 106.9K |
| 4 | NUANCE COMMUNICATIONS INC | COM | 10.30% | $23M | 406.9K |
| 5 | WTWWILLIS TOWERS WATSON PLC LTDhistory → | SHS | 8.01% | $18M | 73.7K |
| 6 | CIT GROUP INC | COM NEW | 7.78% | $17M | 331.3K |
| 7 | ATHENE HOLDING LTD | CL A | 6.25% | $14M | 164.0K |
| 8 | STLSTERLING BANCORP DELhistory → | COM | 3.32% | $7M | 281.1K |
| 9 | PEOPLE'S UNITED FINANCIAL INC | COM | 3.13% | $7M | 384.3K |
| 10 | CYRUSONE INC | COM | 2.94% | $6M | 71.6K |
| 11 | MIMECAST LTD | ORD SHS | 2.28% | $5M | 62.6K |
| 12 | TEEKAY LNG PARTNERS L P | PRTNRSP UNITS | 1.75% | $4M | 225.7K |
| 13 | INVESTORS BANCORP INC NEW | COM | 1.64% | $4M | 236.0K |
| 14 | SCIPLAY CORPORATION | CL A | 1.47% | $3M | 233.3K |
| 15 | COHERENT INC | COM | 1.10% | $2M | 9.0K |
| 16 | KRATON CORP | COM | 0.85% | $2M | 40.3K |
| 17 | ATLANTIC CAP BANCSHARES INC | COM | 0.83% | $2M | 62.8K |
| 18 | TRISTATE CAP HLDGS INC | COM | 0.81% | $2M | 58.3K |
| 19 | CASPER SLEEP INC | COM | 0.68% | $1M | 222.3K |
| 20 | CHANGE HEALTHCARE INC | COM | 0.59% | $1M | 59.9K |
| 21 | ARENA PHARMACEUTICALS INC | COM NEW | 0.57% | $1M | 13.4K |
| 22 | BOTTOMLINE TECH DEL INC | COM | 0.35% | $757,000 | 13.4K |
| 23 | BP MIDSTREAM PARTNERS LP | UNIT LTD PTNR | 0.30% | $650,000 | 42.5K |
| 24 | DEL TACO RESTAURANTS INC NEW | COM | 0.20% | $435,000 | 34.9K |
| 25 | MCAFEE CORP | COM CL A | 0.14% | $305,000 | 11.8K |
| 26 | VONAGE HLDGS CORP | COM | 0.13% | $293,000 | 14.1K |
| 27 | PAE INC | COM CL A | 0.12% | $267,000 | 26.9K |
| 28 | FORTERRA INC | COM | 0.10% | $208,000 | 8.7K |
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 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 ↗.