SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Kent Lake Capital LLC

CIK 0001777141 · 1 E LIBERTY ST, STE 600 #1025, RENO, NV, 89501 · 4157992720

Reported Value
$148M
Q1 2023
Positions
35
Filings on Record
16
2019–present window
Filed
May 15, 2023
original filing

Summary

Kent Lake Capital LLC reported $148M in U.S.-listed holdings across 35 positions for Q1 2023.

Its largest position, ENSG, represents 6.5% of the portfolio.

Compared with Q4 2022, the fund opened 14 new positions and exited 17.

Portfolio Metrics

Turnover
+41.7%
vs prior filed quarter
Top-10 Concentration
+53.8%
share of reported value
Largest Position
+6.5%
Ensign
New / Exited
14 / 17
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. 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
Q4 ’20: $211MQ4 ’20Q1 ’21: $246MQ2 ’21: $261MQ2 ’21Q3 ’21: $233MQ4 ’21: $193MQ4 ’21Q1 ’22: $161MQ2 ’22: $182MQ2 ’22Q3 ’22: $153MQ4 ’22: $167MQ4 ’22Q1 ’23: $148MQ2 ’23: $218MQ2 ’23Q3 ’23: $260MQ4 ’23: $259MQ4 ’23Q1 ’24: $229MQ2 ’24: $222MQ2 ’24filingsflow.com

Portfolio Composition

By security type
Common Stock: 98.7%Other: 1.3%
  • Common Stock · 98.7% · $146M
  • Other · 1.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ZIMVZIMVIE INCNEW+1.25M1.25M+$9M$9M
BTMDBIOTE CORPNEW+1.04M1.04M+$6M$6M
VCELVERICEL CORPNEW+215.0K215.0K+$6M$6M
EHABUSDENHABIT INCNEW+425.0K425.0K+$6M$6M
SIBNSI-BONE INCNEW+299.1K299.1K+$6M$6M
KRUSKURA SUSHI USA INCNEW+80.5K80.5K+$5M$5M
RRNRED ROBIN GOURMET BURGERS INNEW+200.0K200.0K+$3M$3M
8INSYNEOS HEALTH INCNEW+71.7K71.7K+$3M$3M

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

Holdings — Q1 2023

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ENSGENSIGN GROUP INChistory →COM6.46%$10M100.0K
2ZIMVZIMVIE INChistory →COM6.14%$9M1.25M
3INNVINNOVAGE HLDG CORPhistory →COM6.13%$9M1.14M
4SIXEURSIX FLAGS ENTMT CORP NEWhistory →COM5.42%$8M300.0K
5TMDXTRANSMEDICS GROUP INChistory →COM5.37%$8M104.9K
6QTRXQUANTERIX CORPhistory →COM5.34%$8M700.0K
7THTARGET HOSPITALITY CORPhistory →COM5.33%$8M600.0K
8NRDYNERDY INChistory →CL A COM4.95%$7M1.75M
9BTMDBIOTE CORPCLASS A COM · *W EXP 05/26/2024.43%$7M1.32M
10VCELVERICEL CORPhistory →COM4.27%$6M215.0K
11KDKYNDRYL HLDGS INChistory →COMMON STOCK4.13%$6M413.7K
12EHABUSDENHABIT INChistory →COM4.00%$6M425.0K
13SIBNSI-BONE INChistory →COM3.98%$6M299.1K
14TCMDTACTILE SYS TECHNOLOGY INChistory →COM3.89%$6M350.0K
15KRUSKURA SUSHI USA INChistory →CL A COM3.59%$5M80.5K
16YEXTYEXT INChistory →COM3.58%$5M550.0K
17MLABMESA LABS INChistory →COM3.33%$5M28.2K
18FCFRANKLIN COVEY COhistory →COM3.12%$5M120.0K
19G2CEVERI HLDGS INChistory →COM2.90%$4M250.0K
20XPELXPEL INChistory →COM2.30%$3M50.0K
21RRNRED ROBIN GOURMET BURGERS INhistory →COM1.94%$3M200.0K
228INSYNEOS HEALTH INChistory →CL A1.73%$3M71.7K
23STIMNEURONETICS INChistory →COM1.66%$2M844.6K
24KORE GROUP HLDGS INCCOMMON STOCK1.26%$2M1.53M
25DCTHDELCATH SYS INCCOM NEW0.85%$1M219.5K
26EP3ORASURE TECHNOLOGIES INCCOM0.82%$1M200.0K
27EGANEGAIN CORPCOM NEW0.64%$939,209123.7K
28AVNWAVIAT NETWORKS INCCOM NEW0.61%$896,68426.0K
29CUTREURCUTERA INCCOM0.57%$844,91135.8K
30NPCENEUROPACE INCCOM0.40%$592,417127.7K
31AOUTAMERICAN OUTDOOR BRANDS INCCOM0.29%$430,35243.7K
32BVSBIOVENTUS INCCOM CL A0.28%$414,035386.9K
33SHLSSHOALS TECHNOLOGIES GROUP INCL A0.23%$341,85015.0K
34CDLXEURCARDLYTICS INCCOM0.06%$91,46126.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2024$222M44Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$229M43May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$259M47Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$260M52Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$218M50Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$148M35May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$167M38Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$153M37Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$182M47Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$161M39May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$193M37Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$233M31Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$261M28Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021REVEALED$246M30May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$211M32Feb 12, 202113F-HRchanges · EDGAR ↗

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 ↗.