Melqart Asset Management (UK) Ltd
Long book
$1.01B
Q1 2026
Positions
41
Top-10 weight
52%
concentration
Last quarter
+26.9%
SPY +14.8%
Turnover
56%
of book per quarter
Strategy in plain words
auto-generated from filingsMelqart Asset Management (UK) Ltd is a concentrated fundamental stock-picker, running a $1.01B US long book across 41 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ELECTRONIC ARTS INC, TXNM ENERGY INC, WARNER BROS DISCOVERY INC, CYTOKINETICS INC, CHART INDUSTRIES INC.
Over the last 9 quarters its long book ran on average 2.5pp per quarter ahead of the S&P 500, beating the index in 5 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
-4.0%
Q2 2024
+0.1%
Q3 2024
-3.8%
Q4 2024
-15.8%
Q1 2025
+27.5%
Q2 2025
+26.2%
Q3 2025
+6.7%
Q4 2025
-0.6%
Q1 2026
+26.9%
Sector allocation
Technology 29%
Industrials 16%
Healthcare 14%
Other 14%
Communications 9%
Utilities 9%
Services media 7%
Energy 2%
Long book by quarter
What does Melqart Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EA ELECTRONIC ARTS INC | Technology | 369.8K | $75.4M | 7.4% | +49.9% |
| TXNM TXNM ENERGY INC | Utilities | 1.1M | $61.4M | 6.1% | +33.0% |
| WBD WARNER BROS DISCOVERY INC | Communications | 2.0M | $55.7M | 5.5% | -20.9% |
| CYTK CYTOKINETICS INC | Healthcare | 843.9K | $55.6M | 5.5% | +35.5% |
| GTLS CHART INDUSTRIES INC | Industrials | 265.2K | $54.8M | 5.4% | +7.7% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 160.8K | $46.2M | 4.6% | +7.8% |
| KVUE KENVUE INC | Other | 2.5M | $43.2M | 4.3% | Held |
| NVDA NVIDIA CORP | Technology | 245.8K | $42.9M | 4.2% | +57.1% |
| SNDK SANDISK CORP | Technology | 49.2K | $31.3M | 3.1% | -22.3% |
| GPN GLOBAL PAYMENTS INC | Services media | 429.3K | $28.9M | 2.8% | +1048.2% |
| PEN PENUMBRA INC | Healthcare | 81.8K | $26.9M | 2.6% | New |
| 430 TERNS PHARMACEUTICALS INC | — | 507.2K | $26.7M | 2.6% | New |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 270.4K | $26.3M | 2.6% | New |
| AXTA AXALTA COATING SYSTEMS LTD | Other | 922.3K | $25.5M | 2.5% | +9.7% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 18.9K | $24.9M | 2.5% | New |
| MRVL MARVELL TECHNOLOGY INC | Technology | 238.9K | $23.7M | 2.3% | -10.9% |
| FN FABRINET | Technology | 44.2K | $23.1M | 2.3% | New |
| AVGO BROADCOM INC | Technology | 72.1K | $22.3M | 2.2% | -51.0% |
| INDV INDIVIOR PHARMACEUTICALS INC | Healthcare | 684.3K | $20.9M | 2.1% | New |
| VSNT VERSANT MEDIA GROUP INC | Communications | 544.2K | $20.1M | 2.0% | New |
| UNF UNIFIRST CORP/MA | Services media | 73.8K | $18.6M | 1.8% | New |
| WDC WESTERN DIGITAL CORP | Technology | 64.2K | $17.4M | 1.7% | -35.4% |
| FWRD FORWARD AIR CORP | Industrials | 877.7K | $14.7M | 1.4% | +3.3% |
| CPRI CAPRI HOLDINGS LTD | Other | 832.1K | $14.7M | 1.4% | +34.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 69.9K | $14.2M | 1.4% | +2.1% |
| VAL VALARIS LTD | Energy | 134.0K | $13.1M | 1.3% | New |
| AES AES CORP | Utilities | 919.2K | $13.0M | 1.3% | New |
| PENN PENN ENTERTAINMENT INC | Services media | 773.6K | $11.6M | 1.1% | +8.4% |
| ORCL ORACLE CORP | Technology | 69.3K | $10.2M | 1.0% | -17.4% |
| MBC MASTERBRAND INC | Other | 1.1M | $8.9M | 0.9% | +4967.1% |
| RTAC RENATUS TACTICAL ACQUISITI-A | Financials | 694.1K | $7.1M | 0.7% | Held |
| AEVA AEVA TECHNOLOGIES INC | Industrials | 524.7K | $6.9M | 0.7% | -4.2% |
| OCW CMB TECH NV | — | 418.2K | $5.3M | 0.5% | New |
| TAC TRANSALTA CORP | Utilities | 227.4K | $3.0M | 0.3% | New |
| IHRT IHEARTMEDIA INC - CLASS A | Communications | 969.7K | $2.8M | 0.3% | +83.5% |
| OII OCEANEERING INTL INC | Energy | 42.9K | $1.5M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 41 | $1.01B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 45 | $1.02B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 44 | $749.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 30 | $699.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 47 | $767.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 46 | $828.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 51 | $1.11B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 54 | $1.21B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 49 | $1.60B | canonical | SEC ↗ |
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