SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Kellner Capital, LLC

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

Reported Value
$72M
Q1 2023
Positions
29
Filings on Record
20
2019–present window
Filed
May 9, 2023
original filing

Summary

Kellner Capital, LLC reported $72M in U.S.-listed holdings across 29 positions for Q1 2023.

Its largest position, Activision Blizzard, represents 13.4% of the portfolio.

Compared with Q4 2022, the fund opened 18 new positions and exited 22.

Portfolio Metrics

Turnover
+61.4%
vs prior filed quarter
Top-10 Concentration
+67.6%
share of reported value
Largest Position
+13.4%
Activision Blizzard
New / Exited
18 / 22
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: 80.3%Other: 16.0%MLP: 3.5%REIT: 0.2%
  • Common Stock · 80.3% · $58M
  • Other · 16.0% · $11M
  • MLP · 3.5% · $3M
  • REIT · 0.2% · $170,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FOCUS FINL PARTNERS INCNEW+109.5K109.5K+$6M$6M
TAUSDTRAVELCENTERS OF AMERICA INCNEW+48.2K48.2K+$4M$4M
NATIONAL INSTRS CORPNEW+76.5K76.5K+$4M$4M
UNIVAR SOLUTIONS INCNEW+113.7K113.7K+$4M$4M
INDUS REALTY TRUST INCNEW+57.4K57.4K+$4M$4M
FHNFIRST HORIZON CORPORATIONNEW+191.3K191.3K+$3M$3M
DCP MIDSTREAM LPNEW+60.0K60.0K+$3M$3M
PROVENTION BIO INCNEW+75.8K75.8K+$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 2023

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACTIVISION BLIZZARD INCCOM13.42%$10M112.5K
2FOCUS FINL PARTNERS INCCOM CL A7.92%$6M109.5K
3HORIZON THERAPEUTICS PUB LSHS7.89%$6M51.9K
4TAUSDTRAVELCENTERS OF AMERICA INChistory →COM NEW5.81%$4M48.2K
5VMWARE INCCL A COM5.80%$4M33.3K
6AEROJET ROCKETDYNE HLDGS INCCOM5.60%$4M71.6K
7NATIONAL INSTRS CORPCOM5.59%$4M76.5K
8UNIVAR SOLUTIONS INCCOM5.55%$4M113.7K
9INDUS REALTY TRUST INCCOM5.30%$4M57.4K
10FHNFIRST HORIZON CORPORATIONhistory →COM4.74%$3M191.3K
11MAXAR TECHNOLOGIES INCCOM3.96%$3M55.7K
12DCP MIDSTREAM LPCOM UT LTD PTN3.49%$3M60.0K
13FORGEROCK INCCL A2.67%$2M93.0K
14PROVENTION BIO INCCOM2.55%$2M75.8K
15MOMENTIVE GLOBAL INCCOM2.44%$2M187.9K
16QUALTRICS INTL INCCOM CL A2.23%$2M89.7K
17CARDIOVASCULAR SYS INCCOM2.21%$2M79.9K
18OAK STR HEALTH INCCOM2.04%$1M37.8K
19TREAN INS GROUP INCCOM1.63%$1M191.5K
20KIMBALL INTL INCCL B1.39%$997,00080.4K
21ARGO GROUP INTL HLDGS INCCOM1.38%$993,00033.9K
22SUMO LOGIC INCCOM1.31%$940,00078.5K
23EVOQUA WATER TECHNOLOGIES COCOM1.22%$875,00017.6K
24IROBOT CORPCOM1.08%$777,00017.8K
25RADIUS GLOBAL INFRASTRCTRE ICOM CL A0.86%$618,00042.1K
26SHAW COMMUNICATIONS INCCL B CONV0.70%$500,00016.7K
27MONEYGRAM INTL INCCOM NEW0.55%$395,00037.9K
28SPIRIT AIRLS INCCOM0.42%$304,00017.7K
29HRHEALTHCARE RLTY TRCL A COM0.24%$170,0008.8K

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 ↗.