Managers / Q4 2023
Kellner Capital, LLC
CIK 0001550188 · PO BOX 1627, NEW YORK, NY, 10150 · 212-350-0262
Summary
Kellner Capital, LLC reported $56M in U.S.-listed holdings across 18 positions for Q4 2023.
The portfolio is heavily concentrated: HES alone accounts for 20.5% of reported value.
Compared with Q3 2023, the fund opened 16 new positions and exited 19.
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 · 78.1% · $43M
- REIT · 11.1% · $6M
- Other · 10.7% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HESHESS CORP | NEW | +78.8K | 78.8K | +$11M | $11M |
| SPLUNK INC | NEW | +49.4K | 49.4K | +$8M | $8M |
| PIONEER NAT RES CO | NEW | +26.7K | 26.7K | +$6M | $6M |
| CPRICAPRI HOLDINGS LIMITED | NEW | +83.6K | 83.6K | +$4M | $4M |
| SPIRIT RLTY CAP INC NEW | NEW | +86.8K | 86.8K | +$4M | $4M |
| SPUSDSP PLUS CORPORATION | NEW | +67.8K | 67.8K | +$3M | $3M |
| ALTERYX INC | NEW | +52.8K | 52.8K | +$2M | $2M |
| MIRATI THERAPEUTICS INC | NEW | +41.4K | 41.4K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | HESHESS CORPhistory → | COM | 20.45% | $11M | 78.8K |
| 2 | SPLUNK INC | COM | 13.56% | $8M | 49.4K |
| 3 | PIONEER NAT RES CO | COM | 10.82% | $6M | 26.7K |
| 4 | CPRICAPRI HOLDINGS LIMITEDhistory → | SHS | 7.57% | $4M | 83.6K |
| 5 | SPIRIT RLTY CAP INC NEW | COM NEW | 6.83% | $4M | 86.8K |
| 6 | SPUSDSP PLUS CORPORATIONhistory → | COM | 6.26% | $3M | 67.8K |
| 7 | ALTERYX INC | COM CL A | 4.49% | $2M | 52.8K |
| 8 | MIRATI THERAPEUTICS INC | COM | 4.38% | $2M | 41.4K |
| 9 | RPT REALTY | SH BEN INT | 4.31% | $2M | 186.7K |
| 10 | SOVOS BRANDS INC | COM | 4.18% | $2M | 105.4K |
| 11 | IMMUNOGEN INC | COM | 3.70% | $2M | 69.2K |
| 12 | ENGAGESMART INC | COMMON STOCK | 3.23% | $2M | 78.4K |
| 13 | HOLLYSYS AUTOMATION TCHNGY L | SHS | 2.85% | $2M | 60.0K |
| 14 | KARUNA THERAPEUTICS INC | COM | 2.34% | $1M | 4.1K |
| 15 | CEREVEL THERAPEUTICS HLDNG I | COM | 1.55% | $861,000 | 20.3K |
| 16 | UNITED STATES STL CORP NEW | COM | 1.43% | $793,000 | 16.3K |
| 17 | RAYZEBIO INC | COM | 1.37% | $758,000 | 12.2K |
| 18 | DASEKE INC | COM | 0.68% | $379,000 | 46.8K |
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 ↗.