Melqart Asset Management (UK) Ltd

London, X0 · CIK 1712901 · 13F filing filed 2024-08-14

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 -20.8% vs Q1 2024

49positions

56.6%in top 10

18 new 12 added 18 reduced 14 sold out vs Q1 2024

Options: 2 call positions ($19.6m notional), 3 put positions ($123.7m notional) – listed below, not included above.

Holdings, Q2 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	CYTOKINETICS INC COM NEW CYTK	CYTK	1,675,785	$90.8m8.52%	8.52%	Added +692.4k	+692,390 70.4%
2	CAPRI HOLDINGS LIMITED SHS CPRI	CPRI	2,387,962	$79.0m7.41%	7.41%	Added +653.2k	+653,162 37.6%
3	ALBERTSONS COS INC COMMON STOCK ACI	ACI	3,923,053	$77.5m7.27%	7.27%	Added +9.0k	+9,034 0.2%
4	UNITED STATES STL CORP NEW COM X	X	1,946,004	$73.6m6.90%	6.90%	Added +221.0k	+220,973 12.8%
5	ANSYS INC COM ANSS	ANSS	202,584	$65.1m6.11%	6.11%	Added +65.2k	+65,201 47.5%
6	R1 RCM INC COM COM		4,825,505	$60.6m5.69%	5.69%	Added +3.3m	+3,317,403 220.0%
7	HESS CORP COM HES	HES	310,511	$45.8m4.30%	4.30%	Reduced -64.9k	-64,931 -17.3%
8	CEREVEL THERAPEUTICS HLDNG I COM CERE	CERE	1,099,229	$44.9m4.22%	4.22%	Added +154.9k	+154,865 16.4%
9	MARVELL TECHNOLOGY INC COM MRVL	MRVL	482,926	$33.8m3.17%	3.17%	Added +76.3k	+76,328 18.8%
10	AMEDISYS INC COM AMED	AMED	351,320	$32.3m3.03%	3.03%	Reduced -204.1k	-204,123 -36.8%
11	SEADRILL LTD COM SDRL	SDRL	586,801	$30.2m2.84%	2.84%	Reduced -20.7k	-20,669 -3.4%
12	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	361,503	$29.3m2.75%	2.75%	Reduced -165.2k	-165,166 -31.4%
13	ATLANTICA SUSTAINABLE INFR P SHS ABY	ABY	1,284,075	$28.2m2.65%	2.65%	Added +140.9k	+140,856 12.3%
14	MICRON TECHNOLOGY INC COM MU	MU	211,194	$27.8m2.61%	2.61%	Reduced -121.1k	-121,066 -36.4%
15	NUTANIX INC CL A NTNX	NTNX	398,622	$22.7m2.13%	2.13%	Added +82.6k	+82,613 26.1%
16	AXONICS INC COM AXNX	AXNX	332,725	$22.4m2.10%	2.10%	Reduced -180.0k	-180,034 -35.1%
17	CATALENT INC COM CTLT	CTLT	397,725	$22.4m2.10%	2.10%	New
18	AMAZON COM INC COM AMZN	AMZN	108,036	$20.9m1.96%	1.96%	Reduced -68.2k	-68,158 -38.7%
19	WESTERN DIGITAL CORP COM WDC	WDC	270,750	$20.5m1.93%	1.93%	Added +148.6k	+148,641 121.7%
20	ADVANCED MICRO DEVICES INC COM AMD	AMD	107,264	$17.4m1.63%	1.63%	New
21	HUBSPOT INC COM HUBS	HUBS	29,410	$17.3m1.63%	1.63%	Reduced -2.6k	-2,597 -8.1%
22	WILLSCOT HLDGS CORP COM CL A WSC	WSC	425,630	$16.0m1.50%	1.50%	Reduced -36.4k	-36,403 -7.9%
23	NUVEI CORPORATION SUB VTG SHS NVEI	NVEI	491,688	$15.9m1.49%	1.49%	New
24	BIOMARIN PHARMACEUTICAL INC COM BMRN	BMRN	172,949	$14.2m1.34%	1.34%	New
25	ROIVANT SCIENCES LTD SHS ROIV	ROIV	1,265,609	$13.4m1.26%	1.26%	New
26	DYNATRACE INC COM NEW DT	DT	298,824	$13.4m1.25%	1.25%	Reduced -301.7k	-301,727 -50.2%
27	FRONTLINE PLC COM FRO	FRO	450,849	$11.6m1.09%	1.09%	Reduced -249.3k	-249,298 -35.6%
28	SNOWFLAKE INC CL A SNOW	SNOW	75,561	$10.2m0.96%	0.96%	Reduced -132.3k	-132,303 -63.6%
29	SCORPIO TANKERS INC SHS STNG	STNG	110,984	$9.0m0.85%	0.85%	Reduced -13.5k	-13,543 -10.9%
30	BRIDGEBIO PHARMA INC COM BBIO	BBIO	307,911	$7.8m0.73%	0.73%	New
31	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	111,498	$7.4m0.69%	0.69%	New
32	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	316,193	$6.7m0.63%	0.63%	Reduced -126.5k	-126,545 -28.6%
33	ORACLE CORP COM ORCL	ORCL	46,991	$6.6m0.62%	0.62%	New
34	MONGODB INC CL A MDB	MDB	26,438	$6.6m0.62%	0.62%	Reduced -26.1k	-26,114 -49.7%
35	CIENA CORP COM NEW CIEN	CIEN	132,066	$6.4m0.60%	0.60%	Reduced -56.8k	-56,795 -30.1%
36	VIKING THERAPEUTICS INC COM VKTX	VKTX	114,947	$6.1m0.57%	0.57%	New
37	TELLURIAN INC NEW COM TELL	TELL	8,154,956	$5.6m0.53%	0.53%	New
38	ATLASSIAN CORPORATION CL A TEAM	TEAM	26,440	$4.7m0.44%	0.44%	Reduced -49.6k	-49,570 -65.2%
39	GITLAB INC CLASS A COM GTLB	GTLB	92,614	$4.6m0.43%	0.43%	New
40	EPAM SYS INC COM EPAM	EPAM	23,471	$4.4m0.41%	0.41%	New
41	WORKDAY INC CL A WDAY	WDAY	19,702	$4.4m0.41%	0.41%	New
42	GRAIL INC COM GRAL	GRAL	275,087	$4.2m0.40%	0.40%	New
43	MONDAY COM LTD SHS MNDY	MNDY	16,583	$4.0m0.37%	0.37%	New
44	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	23,078	$4.0m0.37%	0.37%	New
45	ELI LILLY & CO COM LLY	LLY	4,058	$3.7m0.34%	0.34%	New
46	STRUCTURE THERAPEUTICS INC SPONSORED ADS GPCR	GPCR	92,335	$3.6m0.34%	0.34%	New
47	ARDAGH METAL PACKAGING S A SHS AMBP	AMBP	1,030,121	$3.5m0.33%	0.33%	Unchanged
48	BROADCOM INC COM AVGO	AVGO	18,104	$2.9m0.27%	0.27%	Added +1.2k	+1,241 7.4%
49	FRESHWORKS INC CLASS A COM FRSH	FRSH	165,025	$2.1m0.20%	0.20%	Reduced -180.0k	-179,972 -52.2%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
PIONEER NAT RES CO PXD	PXD	709,626	$186.3m709.6k shares
NVIDIA CORPORATION NVDA	NVDA	512,850	$46.3m512.9k shares
JUNIPER NETWORKS INC JNPR	JNPR	861,609	$31.9m861.6k shares
DISCOVER FINL SVCS DFS	DFS	128,471	$16.8m128.5k shares
TRICON RESIDENTIAL INC TCN	TCN	1,470,446	$16.4m1.5m shares
GLOBUS MED INC GMED	GMED	218,913	$11.7m218.9k shares
JFROG LTD FROG	FROG	199,313	$8.8m199.3k shares
ADOBE INC ADBE	ADBE	15,368	$7.8m15.4k shares
FIVE9 INC FIVN	FIVN	124,681	$7.7m124.7k shares
DOCUSIGN INC DOCU	DOCU	121,305	$7.2m121.3k shares
TWILIO INC TWLO	TWLO	103,599	$6.3m103.6k shares
PAYLOCITY HLDG CORP PCTY	PCTY	30,795	$5.3m30.8k shares
ELASTIC N V ESTC	ESTC	43,878	$4.4m43.9k shares
AUTODESK INC ADSK	ADSK	15,011	$3.9m15.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO EXCHANGE TRADED FD T RSP · Put	RSP	Put	618,000	$101.5m618.0k shares	Unchanged
UNITED STATES STL CORP NEW X · Put	X	Put	500,000	$18.9m500.0k shares	New
ARGENX SE ARGX · Call	ARGX	Call	38,000	$16.3m38.0k shares	New
ALNYLAM PHARMACEUTICALS INC ALNY · Call	ALNY	Call	13,500	$3.3m13.5k shares	New
ALNYLAM PHARMACEUTICALS INC ALNY · Put	ALNY	Put	13,500	$3.3m13.5k shares	New