Melqart Asset Management (UK) Ltd

London, X0 · CIK 1712901 · 13F filing filed 2025-05-15

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)

Kindhedge funds, futures, FCA fund manager
Others nearbyLondon

As an employer

Offices in1 country
Private fundshedge 2

In the UK

FCA-authorised companies1
Manages investmentsyes
Runs fundsyes
Retail clientsno, professional only

Company	Town	Staff	Pay gap report	FCA register
MELQART ASSET MANAGEMENT (UK) LTD Private Limited CompanyFCA: Authorised · manages investments, manages AIFs, advises, deals	London			Authorisedmanages investments, manages AIFs, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$740.3m reported value -0.4% vs Q4 2024

45positions

64.8%in top 10

21 new 11 added 13 reduced 18 sold out vs Q4 2024

Options: 2 call positions ($26.9m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q1 2025

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	HESS CORP COM HES	HES	530,710	$84.8m11.45%	11.45%	Added +107.3k	+107,344 25.4%
2	UNITED STATES STL CORP NEW COM X	X	1,782,797	$75.3m10.18%	10.18%	Reduced -291.1k	-291,067 -14.0%
3	ANSYS INC COM ANSS	ANSS	222,308	$70.4m9.51%	9.51%	Reduced -23.0k	-22,961 -9.4%
4	INTRA-CELLULAR THERAPIES INC COM ITCI	ITCI	400,695	$52.9m7.14%	7.14%	New
5	ALLETE INC COM NEW ALE	ALE	637,825	$41.9m5.66%	5.66%	Added +560.9k	+560,946 729.6%
6	CYTOKINETICS INC COM NEW CYTK	CYTK	999,447	$40.2m5.43%	5.43%	Reduced -137.0k	-136,987 -12.1%
7	KELLANOVA COM K	K	479,858	$39.6m5.35%	5.35%	Reduced -4.8k	-4,773 -1.0%
8	NVIDIA CORPORATION COM NVDA	NVDA	303,937	$32.9m4.45%	4.45%	New
9	ENSTAR GROUP LIMITED SHS ESGR	ESGR	70,363	$23.4m3.16%	3.16%	New
10	JUNIPER NETWORKS INC COM JNPR	JNPR	497,627	$18.0m2.43%	2.43%	Reduced -661.6k	-661,593 -57.1%
11	DISCOVER FINL SVCS COM DFS	DFS	96,308	$16.4m2.22%	2.22%	Added +51.3k	+51,319 114.1%
12	BROADCOM INC COM AVGO	AVGO	90,294	$15.1m2.04%	2.04%	Added +4.3k	+4,323 5.0%
13	MARVELL TECHNOLOGY INC COM MRVL	MRVL	243,448	$15.0m2.02%	2.02%	Added +29.3k	+29,251 13.7%
14	EVERI HLDGS INC COM EVRI	EVRI	872,070	$11.9m1.61%	1.61%	New
15	PENN ENTERTAINMENT INC COM PENN	PENN	729,161	$11.9m1.61%	1.61%	New
16	BEACON ROOFING SUPPLY INC COM BECN	BECN	96,031	$11.9m1.60%	1.60%	New
17	AMEDISYS INC COM AMED	AMED	121,479	$11.3m1.52%	1.52%	New
18	SPRINGWORKS THERAPEUTICS INC COM SWTX	SWTX	240,463	$10.6m1.43%	1.43%	New
19	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	61,217	$10.2m1.37%	1.37%	New
20	RUBRIK INC. CL A RBRK	RBRK	159,498	$9.7m1.31%	1.31%	Reduced -113.8k	-113,840 -41.6%
21	WILLSCOT HLDGS CORP COM CL A WSC	WSC	343,558	$9.6m1.29%	1.29%	Added +20.8k	+20,774 6.4%
22	SNOWFLAKE INC CL A SNOW	SNOW	64,659	$9.5m1.28%	1.28%	New
23	MICRON TECHNOLOGY INC COM MU	MU	98,537	$8.6m1.16%	1.16%	Added +23.0k	+23,017 30.5%
24	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	24,859	$8.4m1.14%	1.14%	New
25	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	86,527	$8.3m1.12%	1.12%	Added +14.4k	+14,412 20.0%
26	NUTANIX INC CL A NTNX	NTNX	116,803	$8.2m1.10%	1.10%	Reduced -61.2k	-61,241 -34.4%
27	WESTERN DIGITAL CORP COM WDC	WDC	200,492	$8.1m1.10%	1.10%	Added +120.4k	+120,372 150.2%
28	DYNATRACE INC COM NEW DT	DT	168,039	$7.9m1.07%	1.07%	Reduced -96.7k	-96,714 -36.5%
29	MONDAY COM LTD SHS MNDY	MNDY	27,482	$6.7m0.90%	0.90%	Reduced -42.4k	-42,401 -60.7%
30	ORACLE CORP COM ORCL	ORCL	47,331	$6.6m0.89%	0.89%	Added +11.8k	+11,846 33.4%
31	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	123,490	$6.2m0.84%	0.84%	Reduced -91.5k	-91,549 -42.6%
32	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	279,765	$5.9m0.80%	0.80%	Added +200.0k	+199,973 250.6%
33	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	66,899	$5.7m0.77%	0.77%	New
34	HUBSPOT INC COM HUBS	HUBS	9,415	$5.4m0.73%	0.73%	Reduced -21.3k	-21,287 -69.3%
35	ROIVANT SCIENCES LTD SHS ROIV	ROIV	502,584	$5.1m0.69%	0.69%	Reduced -239.5k	-239,486 -32.3%
36	ARISTA NETWORKS INC COM SHS ANET	ANET	56,388	$4.4m0.59%	0.59%	New
37	VERTEX INC CL A VERX	VERX	118,566	$4.2m0.56%	0.56%	New
38	APPFOLIO INC COM CL A APPF	APPF	13,633	$3.0m0.40%	0.40%	New
39	FRONTLINE PLC COM FRO	FRO	187,467	$2.8m0.38%	0.38%	New
40	ONESTREAM INC CL A OS	OS	127,158	$2.7m0.37%	0.37%	New
41	MONGODB INC CL A MDB	MDB	15,224	$2.7m0.36%	0.36%	Reduced -25.6k	-25,633 -62.7%
42	BRAZE INC COM CL A BRZE	BRZE	73,342	$2.6m0.36%	0.36%	New
43	AMER SOFTWARE INC CL A AMSWA	AMSWA	138,178	$2.0m0.27%	0.27%	New
44	ALTUS POWER INC COM CL A AMPS	AMPS	266,380	$1.3m0.18%	0.18%	New
45	ACCOLADE INC COM ACCD	ACCD	188,328	$1.3m0.18%	0.18%	New

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
HASHICORP INC HCP	HCP	1,185,399	$40.6m1.2m shares
SMARTSHEET INC SMAR	SMAR	553,311	$31.0m553.3k shares
ALBERTSONS COS INC ACI	ACI	1,090,584	$21.4m1.1m shares
TRUMP MEDIA & TECHNOLOGY GRO DJT	DJT	549,106	$18.7m549.1k shares
SMURFIT WESTROCK PLC SW	SW	278,712	$15.0m278.7k shares
SEADRILL LTD SDRL	SDRL	383,519	$14.9m383.5k shares
GXO LOGISTICS INCORPORATED GXO	GXO	268,012	$11.7m268.0k shares
FRONTIER COMMUNICATIONS PARE FYBR	FYBR	168,460	$5.8m168.5k shares
HEWLETT PACKARD ENTERPRISE C HPE	HPE	254,500	$5.4m254.5k shares
CONFLUENT INC CFLT	CFLT	168,439	$4.7m168.4k shares
CIENA CORP CIEN	CIEN	49,828	$4.2m49.8k shares
TERADYNE INC TER	TER	28,250	$3.6m28.2k shares
TENABLE HLDGS INC TENB	TENB	82,036	$3.2m82.0k shares
VISHAY INTERTECHNOLOGY INC VSH	VSH	177,720	$3.0m177.7k shares
INTUIT INTU	INTU	4,548	$2.9m4.5k shares
ARDAGH METAL PACKAGING S A AMBP	AMBP	942,561	$2.8m942.6k shares
FRESHWORKS INC FRSH	FRSH	124,189	$2.0m124.2k shares
INDIVIOR PLC INDV	INDV	104,790	$1.3m104.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
UNITED STATES STL CORP NEW X · Call	X	Call	629,000	$26.6m629.0k shares	Reduced
CAPRI HOLDINGS LIMITED CPRI · Call	CPRI	Call	13,800	$272.3k13.8k shares	New