Melqart Asset Management (UK) Ltd

London, X0 · CIK 1712901 · 13F filing filed 2023-08-14

SEC-registered investment adviser since 2022 · other (specify)

Assets managed$2.9bn
Staff23 · 13 in investment roles
Main clients (by assets)Private funds 88%, Companies 12%
Private funds2 (2 hedge) · $2.4bn gross assets
Websitemelqart.com
Form ADV · 2026-02-25SEC adviser record

Legal entityMELQART ASSET MANAGEMENT (UK) LTD (GB)

$1.1bn reported value -18.4% vs Q1 2023

32positions

72.1%in top 10

12 new 8 added 11 reduced 12 sold out vs Q1 2023

Options: 2 call positions ($40.0m notional), 1 put positions ($155.6m notional) – listed below, not included above.

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VMWARE INC CL A COM VMW	VMW	1,033,758	$148.5m13.58%	13.58%	Added +11.0k	+10,968 1.1%
2	ACTIVISION BLIZZARD INC COM ATVI	ATVI	1,721,459	$145.1m13.27%	13.27%	Added +428.2k	+428,245 33.1%
3	HORIZON THERAPEUTICS PUB L SHS HZNP	HZNP	1,275,521	$131.2m12.00%	12.00%	Added +89.6k	+89,598 7.6%
4	SEAGEN INC COM SGEN	SGEN	533,093	$102.6m9.38%	9.38%	Added +318.4k	+318,385 148.3%
5	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	1,487,463	$55.8m5.10%	5.10%	Added +324.1k	+324,067 27.9%
6	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	766,075	$55.1m5.03%	5.03%	Reduced -213.1k	-213,137 -21.8%
7	ALBERTSONS COS INC COMMON STOCK ACI	ACI	2,024,706	$44.2m4.04%	4.04%	Added +1.7m	+1,707,853 539.0%
8	NVIDIA CORPORATION COM NVDA	NVDA	96,029	$40.6m3.71%	3.71%	Reduced -169.8k	-169,786 -63.9%
9	AMAZON COM INC COM AMZN	AMZN	275,356	$35.9m3.28%	3.28%	Reduced -160.3k	-160,343 -36.8%
10	NATIONAL INSTRS CORP COM COM		522,634	$30.0m2.74%	2.74%	Added +224.1k	+224,104 75.1%
11	FOCUS FINL PARTNERS INC COM CL A FOCS	FOCS	497,100	$26.1m2.39%	2.39%	New
12	WILLSCOT HLDGS CORP COM CL A WSC	WSC	545,786	$26.1m2.39%	2.39%	Reduced -361.9k	-361,910 -39.9%
13	SEADRILL LTD COM SDRL	SDRL	591,385	$24.4m2.23%	2.23%	New
14	FRONTLINE PLC COM FRO	FRO	1,474,139	$21.4m1.96%	1.96%	Reduced -1.5m	-1,471,191 -50.0%
15	HUBSPOT INC COM HUBS	HUBS	36,147	$19.2m1.76%	1.76%	Reduced -46.3k	-46,298 -56.2%
16	ADVANCED MICRO DEVICES INC COM AMD	AMD	166,502	$19.0m1.73%	1.73%	New
17	HASHICORP INC COM CL A HCP	HCP	709,196	$18.6m1.70%	1.70%	New
18	MARVELL TECHNOLOGY INC COM MRVL	MRVL	289,746	$17.3m1.58%	1.58%	Reduced -439.0k	-438,988 -60.2%
19	MONGODB INC CL A MDB	MDB	36,343	$14.9m1.37%	1.37%	Reduced -79.4k	-79,372 -68.6%
20	THE TRADE DESK INC COM CL A TTD	TTD	190,363	$14.7m1.34%	1.34%	Reduced -60.6k	-60,579 -24.1%
21	FIRST HORIZON CORPORATION COM FHN	FHN	1,266,705	$14.3m1.31%	1.31%	Reduced -1.2m	-1,174,753 -48.1%
22	ATLANTICA SUSTAINABLE INFR P SHS ABY	ABY	605,154	$14.2m1.30%	1.30%	Unchanged
23	SERVICENOW INC COM NOW	NOW	21,208	$11.9m1.09%	1.09%	Added +3.0k	+2,958 16.2%
24	ARCONIC CORPORATION COM COM		400,000	$11.8m1.08%	1.08%	New
25	ATLASSIAN CORPORATION CL A TEAM	TEAM	65,212	$10.9m1.00%	1.00%	New
26	FIVE9 INC COM FIVN	FIVN	100,539	$8.3m0.76%	0.76%	New
27	AUTODESK INC COM ADSK	ADSK	39,066	$8.0m0.73%	0.73%	Reduced -40.2k	-40,190 -50.7%
28	FORGEROCK INC CL A CL A		378,619	$7.8m0.71%	0.71%	New
29	PROCORE TECHNOLOGIES INC COM PCOR	PCOR	116,072	$7.6m0.69%	0.69%	New
30	NICE LTD SPONSORED ADR NICE	NICE	31,521	$6.5m0.60%	0.60%	New
31	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	3,990	$935.7k0.09%	0.09%	New
32	TECK RESOURCES LTD CL B TECK	TECK	15,171	$638.7k0.06%	0.06%	New

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
ADOBE INC ADBE	ADBE	131,203	$50.6m131.2k shares
INTUIT INTU	INTU	76,990	$34.3m77.0k shares
MAXAR TECHNOLOGIES INC MAXR	MAXR	593,798	$30.3m593.8k shares
TOAST INC TOST	TOST	1,044,856	$18.5m1.0m shares
ARISTA NETWORKS INC		95,885	$16.1m95.9k shares
EPAM SYS INC EPAM	EPAM	53,349	$16.0m53.3k shares
GLOBANT S A GLOB	GLOB	82,318	$13.5m82.3k shares
CROWDSTRIKE HLDGS INC CRWD	CRWD	76,080	$10.4m76.1k shares
WORKDAY INC WDAY	WDAY	43,247	$8.9m43.2k shares
GITLAB INC GTLB	GTLB	256,111	$8.8m256.1k shares
EURONAV NV CMBT	CMBT	200,080	$3.1m200.1k shares
OAK STR HEALTH INC		50,000	$1.9m50.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO EXCHANGE TRADED FD T RSP · Put	RSP	Put	1,040,000	$155.6m1.0m shares	New
TECK RESOURCES LTD TECK · Call	TECK	Call	617,500	$26.0m617.5k shares	New
SEAGEN INC SGEN · Call	SGEN	Call	72,500	$14.0m72.5k shares	New