Melqart Asset Management (UK) Ltd

London, X0 · CIK 1712901 · 13F filing filed 2024-05-15

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)

$1.3bn reported value +8.5% vs Q4 2023

45positions

54.4%in top 10

18 new 10 added 17 reduced 9 sold out vs Q4 2023

Options: 1 call positions ($56.1m notional), 3 put positions ($203.8m notional) – listed below, not included above.

Holdings, Q1 2024

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	PIONEER NAT RES CO COM PXD	PXD	709,626	$186.3m13.85%	13.85%	Added +149.7k	+149,729 26.7%
2	ALBERTSONS COS INC COMMON STOCK ACI	ACI	3,914,019	$83.9m6.24%	6.24%	Added +1.5m	+1,539,401 64.8%
3	CAPRI HOLDINGS LIMITED SHS CPRI	CPRI	1,734,800	$78.6m5.84%	5.84%	Added +216.3k	+216,346 14.2%
4	UNITED STATES STL CORP NEW COM X	X	1,725,031	$70.3m5.23%	5.23%	Added +371.7k	+371,651 27.5%
5	CYTOKINETICS INC COM NEW CYTK	CYTK	983,395	$68.9m5.13%	5.13%	New
6	HESS CORP COM HES	HES	375,442	$57.3m4.26%	4.26%	Reduced -170.8k	-170,807 -31.3%
7	AMEDISYS INC COM AMED	AMED	555,443	$51.2m3.81%	3.81%	Reduced -98.4k	-98,385 -15.1%
8	ANSYS INC COM ANSS	ANSS	137,383	$47.7m3.55%	3.55%	Added +73.4k	+73,383 114.7%
9	NVIDIA CORPORATION COM NVDA	NVDA	51,285	$46.3m3.45%	3.45%	Reduced -49.2k	-49,235 -49.0%
10	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	526,669	$40.5m3.01%	3.01%	Reduced -257.1k	-257,092 -32.8%
11	CEREVEL THERAPEUTICS HLDNG I COM CERE	CERE	944,364	$39.9m2.97%	2.97%	Added +658.0k	+657,971 229.7%
12	MICRON TECHNOLOGY INC COM MU	MU	332,260	$39.2m2.91%	2.91%	Added +143.4k	+143,351 75.9%
13	AXONICS INC COM AXNX	AXNX	512,759	$35.4m2.63%	2.63%	New
14	SNOWFLAKE INC CL A SNOW	SNOW	207,864	$33.6m2.50%	2.50%	Added +23.4k	+23,428 12.7%
15	JUNIPER NETWORKS INC COM JNPR	JNPR	861,609	$31.9m2.37%	2.37%	New
16	AMAZON COM INC COM AMZN	AMZN	176,194	$31.8m2.36%	2.36%	Reduced -184.2k	-184,158 -51.1%
17	SEADRILL LTD COM SDRL	SDRL	607,470	$30.6m2.27%	2.27%	Reduced -7.3k	-7,295 -1.2%
18	MARVELL TECHNOLOGY INC COM MRVL	MRVL	406,598	$28.8m2.14%	2.14%	Reduced -110.8k	-110,784 -21.4%
19	DYNATRACE INC COM NEW DT	DT	600,551	$27.9m2.07%	2.07%	New
20	BROADCOM INC COM AVGO	AVGO	16,863	$22.4m1.66%	1.66%	Added +2.3k	+2,307 15.8%
21	WILLSCOT HLDGS CORP COM CL A WSC	WSC	462,033	$21.5m1.60%	1.60%	Reduced -465.2k	-465,214 -50.2%
22	ATLANTICA SUSTAINABLE INFR P SHS ABY	ABY	1,143,219	$21.1m1.57%	1.57%	Reduced -5.2k	-5,172 -0.5%
23	HUBSPOT INC COM HUBS	HUBS	32,007	$20.1m1.49%	1.49%	Added +4.3k	+4,326 15.6%
24	NUTANIX INC CL A NTNX	NTNX	316,009	$19.5m1.45%	1.45%	Reduced -110.1k	-110,073 -25.8%
25	R1 RCM INC COM COM		1,508,102	$19.4m1.44%	1.44%	New
26	MONGODB INC CL A MDB	MDB	52,552	$18.8m1.40%	1.40%	Reduced -27.3k	-27,259 -34.1%
27	DISCOVER FINL SVCS COM DFS	DFS	128,471	$16.8m1.25%	1.25%	New
28	TRICON RESIDENTIAL INC COM NPV TCN	TCN	1,470,446	$16.4m1.22%	1.22%	New
29	FRONTLINE PLC COM FRO	FRO	700,147	$16.4m1.22%	1.22%	Reduced -206.8k	-206,797 -22.8%
30	ATLASSIAN CORPORATION CL A TEAM	TEAM	76,010	$14.8m1.10%	1.10%	Reduced -27.6k	-27,611 -26.6%
31	GLOBUS MED INC CL A GMED	GMED	218,913	$11.7m0.87%	0.87%	New
32	CIENA CORP COM NEW CIEN	CIEN	188,861	$9.3m0.69%	0.69%	New
33	SCORPIO TANKERS INC SHS STNG	STNG	124,527	$8.9m0.66%	0.66%	New
34	JFROG LTD ORD SHS FROG	FROG	199,313	$8.8m0.66%	0.66%	Reduced -51.7k	-51,678 -20.6%
35	WESTERN DIGITAL CORP COM WDC	WDC	122,109	$8.3m0.62%	0.62%	New
36	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	442,738	$7.8m0.58%	0.58%	New
37	ADOBE INC COM ADBE	ADBE	15,368	$7.8m0.58%	0.58%	New
38	FIVE9 INC COM FIVN	FIVN	124,681	$7.7m0.58%	0.58%	Reduced -4.6k	-4,601 -3.6%
39	DOCUSIGN INC COM DOCU	DOCU	121,305	$7.2m0.54%	0.54%	Reduced -263.5k	-263,495 -68.5%
40	TWILIO INC CL A TWLO	TWLO	103,599	$6.3m0.47%	0.47%	New
41	FRESHWORKS INC CLASS A COM FRSH	FRSH	344,997	$6.3m0.47%	0.47%	New
42	PAYLOCITY HLDG CORP COM PCTY	PCTY	30,795	$5.3m0.39%	0.39%	New
43	ELASTIC N V ORD SHS ESTC	ESTC	43,878	$4.4m0.33%	0.33%	New
44	AUTODESK INC COM ADSK	ADSK	15,011	$3.9m0.29%	0.29%	Reduced -25.7k	-25,651 -63.1%
45	ARDAGH METAL PACKAGING S A SHS AMBP	AMBP	1,030,121	$3.5m0.26%	0.26%	New

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
SPLUNK INC SPLK	SPLK	639,521	$97.4m639.5k shares
TOWER SEMICONDUCTOR LTD TSEM	TSEM	1,157,462	$35.3m1.2m shares
SOVOS BRANDS INC		1,254,807	$27.6m1.3m shares
KARUNA THERAPEUTICS INC		50,194	$15.9m50.2k shares
IMMUNOGEN INC IMGN	IMGN	531,324	$15.8m531.3k shares
PURE STORAGE INC P	P	428,658	$15.3m428.7k shares
TEXTAINER GROUP HOLDINGS LTD TGH	TGH	308,892	$15.2m308.9k shares
MACYS INC M	M	238,500	$4.8m238.5k shares
TELLURIAN INC NEW TELL	TELL	2,500,768	$1.9m2.5m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO EXCHANGE TRADED FD T RSP · Put	RSP	Put	618,000	$104.7m618.0k shares	New
EXXON MOBIL CORP XOM · Put	XOM	Put	799,400	$92.9m799.4k shares	Unchanged
CYTOKINETICS INC CYTK · Call	CYTK	Call	800,100	$56.1m800.1k shares	New
CAPRI HOLDINGS LIMITED CPRI · Put	CPRI	Put	136,800	$6.2m136.8k shares	New