Managers / Q1 2022 · view latest →
Kellner Capital, LLC
CIK 0001550188 · PO BOX 1627, NEW YORK, NY, 10150 · 212-350-0262
Summary
Kellner Capital, LLC reported $134M in U.S.-listed holdings across 31 positions for Q1 2022.
Its largest position, Mimecast, represents 15.4% of the portfolio.
Compared with Q4 2021, the fund opened 20 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 · 72.1% · $97M
- Other · 25.2% · $34M
- REIT · 2.7% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CERNER CORP | NEW | +201.1K | 201.1K | +$19M | $19M |
| SPX FLOW INC | NEW | +109.0K | 109.0K | +$9M | $9M |
| ANAPLAN INC | NEW | +116.1K | 116.1K | +$8M | $8M |
| ACTIVISION BLIZZARD INC | NEW | +62.6K | 62.6K | +$5M | $5M |
| CITRIX SYS INC | NEW | +45.0K | 45.0K | +$5M | $5M |
| HOUGHTON MIFFLIN HARCOURT CO | NEW | +151.3K | 151.3K | +$3M | $3M |
| ZYNGA INC | NEW | +295.3K | 295.3K | +$3M | $3M |
| CEDAR REALTY TRUST INC | NEW | +89.1K | 89.1K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MIMECAST LTD | ORD SHS | 15.41% | $21M | 260.3K |
| 2 | CERNER CORP | COM | 14.00% | $19M | 201.1K |
| 3 | PEOPLE'S UNITED FINANCIAL INC | COM | 7.32% | $10M | 492.2K |
| 4 | SPX FLOW INC | COM | 6.99% | $9M | 109.0K |
| 5 | ANAPLAN INC | COM | 5.62% | $8M | 116.1K |
| 6 | COHERENT INC | COM | 5.19% | $7M | 25.5K |
| 7 | TRISTATE CAP HLDGS INC | COM | 5.00% | $7M | 202.1K |
| 8 | WTWWILLIS TOWERS WATSON PLC LTDhistory → | SHS | 4.67% | $6M | 26.5K |
| 9 | BOTTOMLINE TECH DEL INC | COM | 4.51% | $6M | 106.9K |
| 10 | ACTIVISION BLIZZARD INC | COM | 3.73% | $5M | 62.6K |
| 11 | CITRIX SYS INC | COM | 3.38% | $5M | 45.0K |
| 12 | INVESTORS BANCORP INC NEW | COM | 2.82% | $4M | 253.9K |
| 13 | HOUGHTON MIFFLIN HARCOURT CO | COM | 2.37% | $3M | 151.3K |
| 14 | ZYNGA INC | CL A | 2.03% | $3M | 295.3K |
| 15 | CEDAR REALTY TRUST INC | COM NEW | 1.83% | $2M | 89.1K |
| 16 | KSSKOHLS CORPhistory → | COM | 1.82% | $2M | 40.4K |
| 17 | CORNERSTONE BLDG BRANDS INC | COM | 1.79% | $2M | 98.9K |
| 18 | NIELSEN HLDGS PLC | SHS EUR | 1.54% | $2M | 76.0K |
| 19 | TURQUOISE HILL RES LTD | COM | 1.54% | $2M | 68.9K |
| 20 | ECOLUS ECOLOGY INChistory → | COM | 1.43% | $2M | 40.2K |
| 21 | TENNECO INC | CL A VTG COM STK | 1.35% | $2M | 98.9K |
| 22 | LHC GROUP INC | COM | 1.12% | $2M | 8.9K |
| 23 | HEALTHCARE TR AMER INC | CL A NEW | 0.83% | $1M | 35.7K |
| 24 | RENEWABLE ENERGY GROUPINC | COM NEW | 0.81% | $1M | 17.9K |
| 25 | MOMENTIVE GLOBAL INC | COM | 0.74% | $992,000 | 61.0K |
| 26 | UMPQUA HLDGS CORP | COM | 0.63% | $843,000 | 44.7K |
| 27 | BP MIDSTREAM PARTNERS LP | UNIT LTD PTNR | 0.54% | $719,000 | 42.5K |
| 28 | CHANGE HEALTHCARE INC | COM | 0.45% | $598,000 | 27.4K |
| 29 | MTORMERITOR INC | COM | 0.24% | $317,000 | 8.9K |
| 30 | VONAGE HLDGS CORP | COM | 0.21% | $286,000 | 14.1K |
| 31 | SCIPLAY CORPORATION | CL A | 0.11% | $143,000 | 11.0K |
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 ↗.