Kettle Hill Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Kettle Hill Capital Management, LLC reported 36 stock positions worth $460.3 million. Its top holding was Penn Entertainment (PENN) at 7.8% of the portfolio, followed by WYNN Resorts (WYNN, 7.5%) and RH (RH, 7.2%). Compared with Q3 2024, it opened 21 new positions, sold out of 20, added to 8 and reduced 7. The biggest buy was RH (RH, shares +1094%) and the biggest sale an exit from United Parcel Service Class B (UPS).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001387369
- Portfolio Value
- $460.3M (Q4 2024)
- SEC Filing
- 0000919574-25-001225 ↗ filed Feb 14, 2025
Holdings Value
Holdings 36 stocks · $460.3M
| PENN Penn Entertainment Inc. | 7.76% | 1,801,787 | $35.7M | Add +43.1% |
| WYNN WYNN Resorts Ltd. | 7.49% | 400,006 | $34.5M | Add +306.5% |
| RH RH | 7.18% | 83,948 | $33.0M | Add +1094.5% |
| KIM Kimco Realty Corp. | 7.18% | 1,409,811 | $33.0M | Add +180.9% |
| HR Healthcare Realty Trust Inc. | 4.78% | 1,297,070 | $22.0M | Add +99.2% |
| BEN Franklin Templeton Inc. | 4.42% | 1,001,740 | $20.3M | New |
| CABO Cable One Inc. | 4.00% | 50,804 | $18.4M | Reduce -1.5% |
| ED Consolidated Edison Inc. | 3.97% | 204,812 | $18.3M | New |
| RIG Transocean Ltd. | 3.92% | 4,812,608 | $18.0M | Add +85.7% |
| ALGM Allegro Microsystems Inc. | 3.91% | 823,001 | $18.0M | New |
| LUV Southwest Airlines Co. | 3.45% | 473,052 | $15.9M | New |
| IWM iShares Russell 2000 ETF | 3.30% | 68,669 | $15.2M | Add +491.0% |
| SHAK Shake Shack Inc. Class A | 3.21% | 113,799 | $14.8M | Reduce -4.4% |
| ZION Zions Bancorp NA | 2.99% | 253,838 | $13.8M | New |
| APA Apa Corp. | 2.97% | 592,134 | $13.7M | Add +19.3% |
| NXPI NXP Semiconductors NV | 2.65% | 58,770 | $12.2M | New |
| SLG SL Green Realty Corp. | 2.59% | 175,465 | $11.9M | New |
| EVR Evercore Inc. Class A | 2.50% | 41,601 | $11.5M | New |
| PPL PPL Corp. | 2.36% | 334,893 | $10.9M | New |
| DLTR Dollar Tree Inc. | 2.12% | 130,019 | $9.7M | Reduce -50.3% |
| TKO Tko Group Holdings Inc. | 2.10% | 67,992 | $9.7M | Reduce -53.9% |
| JBLU Jetblue Airways Corp. | 1.44% | 842,400 | $6.6M | New |
| SDRL Seadrill Limited | 1.42% | 168,134 | $6.5M | New |
| DY Dycom Industries Inc. | 1.34% | 35,330 | $6.1M | New |
| PINS Pinterest Inc. Class A | 1.33% | 210,530 | $6.1M | New |
| ETSY Etsy Inc. | 1.32% | 115,021 | $6.1M | New |
| BWA Borgwarner Inc. | 1.32% | 191,256 | $6.1M | New |
| SNA Snap-on Inc. | 1.32% | 17,902 | $6.1M | New |
| ZM Zoom Communications Inc. | 1.30% | 73,463 | $6.0M | Reduce -57.7% |
| VFC VF Corp. | 1.18% | 252,866 | $5.4M | Reduce -67.6% |
| LYB Lyondellbasell Indu Class A | 0.67% | 41,831 | $3.1M | New |
| MAN Manpowergroup Inc. | 0.56% | 44,581 | $2.6M | New |
| ST Sensata Technologies Holdplc | 0.55% | 92,500 | $2.5M | New |
| ATEX Anterix Inc. | 0.51% | 76,709 | $2.4M | New |
| FOXF Fox Factory Holding Corp. | 0.51% | 77,402 | $2.3M | Reduce -12.2% |
| TEX Terex Corp. | 0.40% | 40,058 | $1.9M | New |
Portfolio Sells Q3 2024 → Q4 2024
| UPS United Parcel Service Class B | Sold out | 0.00% | −7.76 |
| T AT&T Inc. | Sold out | 0.00% | −6.84 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −6.81 |
| MTCH Match Group Inc. | Sold out | 0.00% | −4.61 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −3.64 |
| ESTC Elastic NV | Sold out | 0.00% | −3.12 |
| FLG Flagstar Bank NA | Sold out | 0.00% | −2.97 |
| MQ Marqeta Inc. | Sold out | 0.00% | −2.96 |
| VFC VF Corp. | Reduce -67.6% | 1.18% | −2.82 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −2.62 |
| DLTR Dollar Tree Inc. | Reduce -50.3% | 2.12% | −2.60 |
| TKO Tko Group Holdings Inc. | Reduce -53.9% | 2.10% | −2.58 |
| CMA Comerica Inc. | Sold out | 0.00% | −2.19 |
| WAL Western Alliance Bancorp | Sold out | 0.00% | −2.18 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −2.17 |
| ZM Zoom Communications Inc. | Reduce -57.7% | 1.30% | −1.80 |
| CALX Calix Inc. | Sold out | 0.00% | −1.13 |
| ELAN Elanco Animal Health Inc. | Sold out | 0.00% | −0.77 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.66 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.66 |
| CABO Cable One Inc. | Reduce -1.5% | 4.00% | −0.63 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −0.63 |
| LSCC Lattice Semiconductor Corp. | Sold out | 0.00% | −0.62 |
| FORM Formfactor Inc. | Sold out | 0.00% | −0.60 |
| FOXF Fox Factory Holding Corp. | Reduce -12.2% | 0.51% | −0.43 |
| AGCO Agco Corp. | Sold out | 0.00% | −0.10 |
| SHAK Shake Shack Inc. Class A | Reduce -4.4% | 3.21% | +0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| RH RH | Add +1094.5% | 7.18% | +6.57 |
| WYNN WYNN Resorts Ltd. | Add +306.5% | 7.49% | +5.07 |
| BEN Franklin Templeton Inc. | New | 4.42% | +4.42 |
| KIM Kimco Realty Corp. | Add +180.9% | 7.18% | +4.19 |
| ED Consolidated Edison Inc. | New | 3.97% | +3.97 |
| ALGM Allegro Microsystems Inc. | New | 3.91% | +3.91 |
| LUV Southwest Airlines Co. | New | 3.45% | +3.45 |
| ZION Zions Bancorp NA | New | 2.99% | +2.99 |
| NXPI NXP Semiconductors NV | New | 2.65% | +2.65 |
| IWM iShares Russell 2000 ETF | Add +491.0% | 3.30% | +2.64 |
| SLG SL Green Realty Corp. | New | 2.59% | +2.59 |
| EVR Evercore Inc. Class A | New | 2.50% | +2.50 |
| PPL PPL Corp. | New | 2.36% | +2.36 |
| HR Healthcare Realty Trust Inc. | Add +99.2% | 4.78% | +1.74 |
| PENN Penn Entertainment Inc. | Add +43.1% | 7.76% | +1.67 |
| JBLU Jetblue Airways Corp. | New | 1.44% | +1.44 |
| SDRL Seadrill Limited | New | 1.42% | +1.42 |
| DY Dycom Industries Inc. | New | 1.34% | +1.34 |
| PINS Pinterest Inc. Class A | New | 1.33% | +1.33 |
| ETSY Etsy Inc. | New | 1.32% | +1.32 |
| BWA Borgwarner Inc. | New | 1.32% | +1.32 |
| SNA Snap-on Inc. | New | 1.32% | +1.32 |
| RIG Transocean Ltd. | Add +85.7% | 3.92% | +1.10 |
| LYB Lyondellbasell Indu Class A | New | 0.67% | +0.67 |
| MAN Manpowergroup Inc. | New | 0.56% | +0.56 |
| ST Sensata Technologies Holdplc | New | 0.55% | +0.55 |
| ATEX Anterix Inc. | New | 0.51% | +0.51 |
| TEX Terex Corp. | New | 0.40% | +0.40 |
| APA Apa Corp. | Add +19.3% | 2.97% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 35 | $406.4M | PSN, NXPI, VZ, AVTR, IFF |
| Q1 2026 | 45 | $399.1M | CHDN, MTN, RKT, BEN, NXPI |
| Q4 2025 | 39 | $448.4M | ESTC, U, RH, PENN, WYNN |
| Q3 2025 | 36 | $444.5M | LKQ, PSN, WYNN, IFF, RKT |
| Q2 2025 | 41 | $432.1M | WYNN, PENN, ANF, JEF, HR |
| Q1 2025 | 41 | $364.3M | WYNN, PENN, BEN, ZM, HR |
| Q4 2024 | 36 | $460.3M | PENN, WYNN, RH, KIM, HR |
| Q3 2024 | 35 | $389.9M | UPS, T, VZ, PENN, DLTR |
| Q2 2024 | 47 | $396.7M | TKO, KIM, PENN, PK, ZM |
| Q1 2024 | 39 | $411.3M | TKO, RIG, KIM, PENN, ZM |