Kite Lake Capital Management (UK) LLP

Fundamental diversified ★Signal CIK 1687444
Long book
$99.1M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+88.8%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

Kite Lake Capital Management (UK) LLP is a diversified fundamental manager, running a $99.1M US long book across 5 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SILICON MOTION TECHNOL-ADR, ECHOSTAR CORP-A, CAESARS ENTERTAINMENT INC, ABIVAX SA-ADR, OPTIMUM COMMUNICATIONS INC-A.

Over the last 9 quarters its long book ran on average 16.2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-9.5%
Q2 2024
-18.5%
Q3 2024
-11.7%
Q4 2024
+0.3%
Q1 2025
+27.4%
Q2 2025
+68.7%
Q3 2025
+24.2%
Q4 2025
+16.9%
Q1 2026
+88.8%

Sector allocation

Communications
62%
Services media
38%

Long book by quarter

$17.0M
Q1 2024
$55.7M
Q2 2024
$616.0M
Q3 2024
$48.9M
Q4 2024
$54.5M
Q1 2025
$59.2M
Q2 2025
$83.8M
Q3 2025
$51.1M
Q4 2025
$99.1M
Q1 2026

What does Kite Lake own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ECHO ECHOSTAR CORP-ACommunications170.2K$19.9M20.1%+293.1%
CZR CAESARS ENTERTAINMENT INCServices media530.0K$14.0M14.1%New
OPTU OPTIMUM COMMUNICATIONS INC-ACommunications2.5M$3.2M3.3%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202618$124.7Mconfidential canonicalSEC ↗
Q4 202513F-HRFeb 17, 20267$59.7Mconfidential canonicalSEC ↗
Q3 202513F-HRNov 14, 20257$93.1Mconfidential canonicalSEC ↗
Q2 202513F-HRAug 14, 202511$84.3Mconfidential canonicalSEC ↗
Q1 202513F-HRMay 15, 202511$76.5Mconfidential canonicalSEC ↗
Q4 202413F-HRFeb 14, 202510$67.9Mconfidential canonicalSEC ↗
Q3 202413F-HR/ANEW HOLDINGSNov 14, 202529$584.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 20249$69.9Mconfidential canonicalSEC ↗
Q2 202413F-HR/ANEW HOLDINGSAug 13, 20256$71.8M canonicalSEC ↗
Q2 202413F-HRAug 14, 20244$17.0Mconfidential canonicalSEC ↗
Q1 202413F-HRMay 15, 20246$23.0Mconfidential canonicalSEC ↗