Kettle Hill Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Kettle Hill Capital Management, LLC reported 41 stock positions worth $364.3 million. Its top holding was WYNN Resorts (WYNN) at 7.8% of the portfolio, followed by Penn Entertainment (PENN, 7.7%) and Franklin Templeton (BEN, 6.3%). Compared with Q4 2024, it opened 24 new positions, sold out of 19, added to 5 and reduced 12. The biggest buy was Zoom Communications (ZM, shares +319%) and the biggest sale an exit from Cable One (CABO).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001387369
- Portfolio Value
- $364.3M (Q1 2025)
- SEC Filing
- 0000919574-25-003096 ↗ filed May 15, 2025
Holdings Value
Holdings 41 stocks · $364.3M
| WYNN WYNN Resorts Ltd. | 7.76% | 338,571 | $28.3M | Reduce -15.4% |
| PENN Penn Entertainment Inc. | 7.70% | 1,720,100 | $28.1M | Reduce -4.5% |
| BEN Franklin Templeton Inc. | 6.27% | 1,187,274 | $22.9M | Add +18.5% |
| ZM Zoom Communications Inc. | 6.24% | 308,160 | $22.7M | Add +319.5% |
| HR Healthcare Realty Trust Inc. | 6.24% | 1,344,994 | $22.7M | Add +3.7% |
| KIM Kimco Realty Corp. | 5.60% | 961,084 | $20.4M | Reduce -31.8% |
| RH RH | 4.59% | 71,373 | $16.7M | Reduce -15.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.77% | 24,568 | $13.7M | New |
| DLTR Dollar Tree Inc. | 3.71% | 179,895 | $13.5M | Add +38.4% |
| ADBE Adobe Inc. | 3.71% | 35,208 | $13.5M | New |
| DUK Duke Energy Corp. | 3.45% | 102,921 | $12.6M | New |
| LUV Southwest Airlines Co. | 3.39% | 367,556 | $12.3M | Reduce -22.3% |
| SHAK Shake Shack Inc. Class A | 3.25% | 134,257 | $11.8M | Add +18.0% |
| ED Consolidated Edison Inc. | 3.11% | 102,495 | $11.3M | Reduce -50.0% |
| NFLX Netflix Inc. | 3.10% | 12,093 | $11.3M | New |
| XEL Xcel Energy Inc. | 3.08% | 158,507 | $11.2M | New |
| AEO American Eagle Outfitters | 2.38% | 744,977 | $8.7M | New |
| APA Apa Corp. | 2.18% | 378,566 | $8.0M | Reduce -36.1% |
| PPL PPL Corp. | 2.11% | 213,346 | $7.7M | Reduce -36.3% |
| IWM iShares Russell 2000 ETF | 1.87% | 34,102 | $6.8M | Reduce -50.3% |
| NXPI NXP Semiconductors NV | 1.56% | 29,903 | $5.7M | Reduce -49.1% |
| HII Huntington Ingalls Industrie | 1.32% | 23,607 | $4.8M | New |
| SBLK Star Bulk Carriers Corp. | 1.32% | 308,547 | $4.8M | New |
| DHT DHT Holdings Inc. | 0.97% | 335,484 | $3.5M | New |
| KMX Carmax Inc. | 0.96% | 45,040 | $3.5M | New |
| INSW International Seaways Inc. | 0.93% | 102,474 | $3.4M | New |
| NOVT Novanta Inc. | 0.88% | 25,114 | $3.2M | New |
| JBL Jabil Inc. | 0.88% | 23,600 | $3.2M | New |
| RRX Regal Rexnord Corp. | 0.86% | 27,621 | $3.1M | New |
| PEB Pebblebrook Hotel Trust | 0.81% | 292,152 | $3.0M | New |
| MQ Marqeta Inc. | 0.65% | 575,755 | $2.4M | New |
| ALGM Allegro Microsystems Inc. | 0.64% | 93,393 | $2.3M | Reduce -88.7% |
| PK Park Hotels & Resorts Inc. | 0.64% | 217,906 | $2.3M | New |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.63% | 15,470 | $2.3M | New |
| ESTC Elastic NV | 0.62% | 25,270 | $2.3M | New |
| RBLX Roblox Corp. Class A | 0.61% | 38,340 | $2.2M | New |
| AESI Atlas Energy Solutions Inc. | 0.61% | 124,963 | $2.2M | New |
| FMC FMC Corp. | 0.48% | 41,476 | $1.7M | New |
| EYE National Vision Holdings Inc. | 0.42% | 120,094 | $1.5M | New |
| VPG Vishay Precision Group | 0.38% | 56,749 | $1.4M | New |
| ATEX Anterix Inc. | 0.30% | 29,469 | $1.1M | Reduce -61.6% |
Portfolio Sells Q4 2024 → Q1 2025
| CABO Cable One Inc. | Sold out | 0.00% | −4.00 |
| RIG Transocean Ltd. | Sold out | 0.00% | −3.92 |
| ALGM Allegro Microsystems Inc. | Reduce -88.7% | 0.64% | −3.26 |
| ZION Zions Bancorp NA | Sold out | 0.00% | −2.99 |
| SLG SL Green Realty Corp. | Sold out | 0.00% | −2.59 |
| RH RH | Reduce -15.0% | 4.59% | −2.58 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −2.50 |
| TKO Tko Group Holdings Inc. | Sold out | 0.00% | −2.10 |
| KIM Kimco Realty Corp. | Reduce -31.8% | 5.60% | −1.57 |
| JBLU Jetblue Airways Corp. | Sold out | 0.00% | −1.44 |
| IWM iShares Russell 2000 ETF | Reduce -50.3% | 1.87% | −1.43 |
| SDRL Seadrill Limited | Sold out | 0.00% | −1.42 |
| DY Dycom Industries Inc. | Sold out | 0.00% | −1.34 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −1.33 |
| ETSY Etsy Inc. | Sold out | 0.00% | −1.32 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −1.32 |
| SNA Snap-on Inc. | Sold out | 0.00% | −1.32 |
| VFC VF Corp. | Sold out | 0.00% | −1.18 |
| NXPI NXP Semiconductors NV | Reduce -49.1% | 1.56% | −1.09 |
| ED Consolidated Edison Inc. | Reduce -50.0% | 3.11% | −0.86 |
| APA Apa Corp. | Reduce -36.1% | 2.18% | −0.79 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.67 |
| MAN Manpowergroup Inc. | Sold out | 0.00% | −0.56 |
| ST Sensata Technologies Holdplc | Sold out | 0.00% | −0.55 |
| FOXF Fox Factory Holding Corp. | Sold out | 0.00% | −0.51 |
| TEX Terex Corp. | Sold out | 0.00% | −0.40 |
| PPL PPL Corp. | Reduce -36.3% | 2.11% | −0.25 |
| ATEX Anterix Inc. | Reduce -61.6% | 0.30% | −0.21 |
| LUV Southwest Airlines Co. | Reduce -22.3% | 3.39% | −0.07 |
| PENN Penn Entertainment Inc. | Reduce -4.5% | 7.70% | −0.06 |
| WYNN WYNN Resorts Ltd. | Reduce -15.4% | 7.76% | +0.27 |
Portfolio Buys Q4 2024 → Q1 2025
| ZM Zoom Communications Inc. | Add +319.5% | 6.24% | +4.94 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 3.77% | +3.77 |
| ADBE Adobe Inc. | New | 3.71% | +3.71 |
| DUK Duke Energy Corp. | New | 3.45% | +3.45 |
| NFLX Netflix Inc. | New | 3.10% | +3.10 |
| XEL Xcel Energy Inc. | New | 3.08% | +3.08 |
| AEO American Eagle Outfitters | New | 2.38% | +2.38 |
| BEN Franklin Templeton Inc. | Add +18.5% | 6.27% | +1.86 |
| DLTR Dollar Tree Inc. | Add +38.4% | 3.71% | +1.59 |
| HR Healthcare Realty Trust Inc. | Add +3.7% | 6.24% | +1.46 |
| HII Huntington Ingalls Industrie | New | 1.32% | +1.32 |
| SBLK Star Bulk Carriers Corp. | New | 1.32% | +1.32 |
| DHT DHT Holdings Inc. | New | 0.97% | +0.97 |
| KMX Carmax Inc. | New | 0.96% | +0.96 |
| INSW International Seaways Inc. | New | 0.93% | +0.93 |
| JBL Jabil Inc. | New | 0.88% | +0.88 |
| NOVT Novanta Inc. | New | 0.88% | +0.88 |
| RRX Regal Rexnord Corp. | New | 0.86% | +0.86 |
| PEB Pebblebrook Hotel Trust | New | 0.81% | +0.81 |
| MQ Marqeta Inc. | New | 0.65% | +0.65 |
| PK Park Hotels & Resorts Inc. | New | 0.64% | +0.64 |
| JBHT Hunt (jb) Transprt SVCS Inc. | New | 0.63% | +0.63 |
| ESTC Elastic NV | New | 0.62% | +0.62 |
| RBLX Roblox Corp. Class A | New | 0.61% | +0.61 |
| AESI Atlas Energy Solutions Inc. | New | 0.61% | +0.61 |
| FMC FMC Corp. | New | 0.48% | +0.48 |
| EYE National Vision Holdings Inc. | New | 0.42% | +0.42 |
| VPG Vishay Precision Group | New | 0.38% | +0.38 |
| SHAK Shake Shack Inc. Class A | Add +18.0% | 3.25% | +0.04 |
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 |