Kellner Capital is an investment fund managing more than $55.5 million ran by Glen Friedman. There are currently 18 companies in Mr. Friedman’s portfolio. The largest investments include Hess and Splunk Inc, together worth $18.9 million.
As of 31st January 2024, Kellner Capital’s top holding is 78,752 shares of Hess currently worth over $11.4 million and making up 20.5% of the portfolio value.
Relative to the number of outstanding shares of Hess, Kellner Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 49,400 shares of Splunk Inc worth $7.53 million, whose value grew 50.0% in the past six months.
The third-largest holding is Pioneer Nat Res Co worth $6 million and the next is Capri Holdings Limited worth $4.2 million, with 83,600 shares owned.
Currently, Kellner Capital's portfolio is worth at least $55.5 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Kellner Capital office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Glen Friedman serves as the CFO at Kellner Capital.
In the most recent 13F filing, Kellner Capital revealed that it had opened a new position in
Hess and bought 78,752 shares worth $11.4 million.
On the other hand, there are companies that Kellner Capital is getting rid of from its portfolio.
Kellner Capital closed its position in Activision Blizzard Inc on 7th February 2024.
It sold the previously owned 112,472 shares for $9.48 million.
The two most similar investment funds to Kellner Capital are Signia Capital Management and Bruderman Asset Management. They manage $55.7 million and $55.7 million respectively.
Kellner Capital’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 21.3% of
the total portfolio value.
The fund focuses on investments in the United States as
55.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
11% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $7.34 billion.
These positions were updated on February 7th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Hess Corporation |
Opened
78,752
|
$11,353,000 | 20.45% |
| Activision Blizzard Inc |
Closed
112,472
|
$9,481,000 | |
| Syneos Health Inc |
Closed
185,400
|
$7,813,000 | |
| Focus Finl Partners Inc |
Closed
147,500
|
$7,745,000 | |
| Splunk Inc |
Opened
49,400
|
$7,526,000 | 13.56% |
| National Instrs Corp |
Closed
118,098
|
$6,779,000 | |
| Vmware Inc. |
Closed
45,908
|
$6,597,000 | |
| Univar Solutions Inc |
Closed
172,825
|
$6,194,000 | |
| IVERIC bio Inc |
Closed
153,129
|
$6,024,000 | |
| Pioneer Nat Res Co |
Opened
26,699
|
$6,004,000 | 10.82% |
| Horizon Therapeutics Pub L |
Closed
56,100
|
$5,770,000 | |
| Capri Holdings Limited |
Opened
83,600
|
$4,200,000 | 7.57% |
| Aerojet Rocketdyne Holdings Inc |
Closed
71,595
|
$3,928,000 | |
| Spirit Rlty Cap Inc New |
Opened
86,750
|
$3,790,000 | 6.83% |
| SP Plus Corp |
Opened
67,836
|
$3,477,000 | 6.26% |
| Life Storage Inc |
Closed
25,300
|
$3,364,000 | |
| Franchise Group, Inc. |
Closed
88,800
|
$2,543,000 | |
| Alteryx Inc |
Opened
52,800
|
$2,490,000 | 4.49% |
| Vectivbio Hldg Ag |
Closed
145,597
|
$2,475,000 | |
| Mirati Therapeutics Inc |
Opened
41,400
|
$2,432,000 | 4.38% |
| RPT Realty |
Opened
186,699
|
$2,395,000 | 4.31% |
| Sovos Brands Inc |
Opened
105,425
|
$2,323,000 | 4.18% |
| Triton Intl Ltd |
Closed
25,400
|
$2,115,000 | |
| Immunogen, Inc. |
Opened
69,200
|
$2,052,000 | 3.70% |
| Circor International Inc |
Closed
35,015
|
$1,977,000 | |
| First Horizon Corporation |
Closed
161,860
|
$1,824,000 | |
| PDC Energy Inc |
Closed
25,400
|
$1,807,000 | |
| EngageSmart, LLC |
Opened
78,400
|
$1,795,000 | 3.23% |
| Hollysys Automation Tchngy L |
Opened
60,043
|
$1,582,000 | 2.85% |
| Arconic Corporation |
Closed
51,367
|
$1,519,000 | |
| Dice Therapeutics Inc |
Closed
29,200
|
$1,357,000 | |
| Magellan Midstream Prtnrs Lp |
Closed
21,600
|
$1,346,000 | |
| Karuna Therapeutics Inc |
Opened
4,100
|
$1,298,000 | 2.34% |
| ForgeRock, Inc. |
Closed
57,500
|
$1,181,000 | |
| Greenhill Co Inc |
Closed
73,342
|
$1,074,000 | |
| Radius Global Infrastrctre I |
Closed
70,946
|
$1,057,000 | |
| Tower Semiconductor Ltd. |
Closed
27,116
|
$1,017,000 | |
| Argo Group Intl Hldgs Ltd |
Closed
33,898
|
$1,004,000 | |
| Cerevel Therapeutics Hldng I |
Opened
20,300
|
$861,000 | 1.55% |
| United States Stl Corp New |
Opened
16,300
|
$793,000 | 1.43% |
| Rayzebio Inc |
Opened
12,200
|
$758,000 | 1.37% |
| Daseke Inc |
Opened
46,759
|
$379,000 | 0.68% |
| Spirit Airls Inc |
Closed
17,700
|
$304,000 | |
| No transactions found | |||
| Showing first 500 out of 43 holdings | |||