Kettle Hill Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Kettle Hill Capital Management, LLC reported 39 stock positions worth $448.4 million. Its top holding was Elastic (ESTC) at 6.6% of the portfolio, followed by Unity Software (U, 6.5%) and RH (RH, 6.4%). Compared with Q3 2025, it opened 26 new positions, sold out of 23, added to 5 and reduced 8. The biggest buy was a new position in Elastic (ESTC) and the biggest sale LKQ (LKQ, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001387369
- Portfolio Value
- $448.4M (Q4 2025)
- SEC Filing
- 0000919574-26-000979 ↗ filed Feb 17, 2026
Holdings Value
Holdings 39 stocks · $448.4M
| ESTC Elastic NV | 6.62% | 393,556 | $29.7M | New |
| U Unity Software Inc. | 6.48% | 658,005 | $29.1M | Add +180.6% |
| RH RH | 6.44% | 161,122 | $28.9M | New |
| PENN Penn Entertainment Inc. | 5.83% | 1,773,390 | $26.2M | Add +129.6% |
| WYNN WYNN Resorts Ltd. | 5.78% | 215,185 | $25.9M | Add +2.3% |
| S Sentinelone Inc. Class A | 5.74% | 1,716,381 | $25.7M | New |
| BRZE Braze Inc. Class A | 5.72% | 747,715 | $25.6M | New |
| VZ Verizon Communications Inc. | 5.24% | 576,603 | $23.5M | New |
| HR Healthcare Realty Trust Inc. | 5.20% | 1,374,243 | $23.3M | Add +66.0% |
| KMI Kinder Morgan Inc. | 3.94% | 642,259 | $17.7M | New |
| PSN Parsons Corp. | 3.62% | 262,713 | $16.2M | Reduce -29.6% |
| RKT Rocket Cos Inc. Class A | 3.22% | 745,132 | $14.4M | Reduce -41.5% |
| JPM JPMorgan Chase & Co. | 2.65% | 36,936 | $11.9M | New |
| AKAM Akamai Technologies Inc. | 2.60% | 133,688 | $11.7M | Add +63.6% |
| LKQ LKQ Corp. | 2.60% | 385,879 | $11.7M | Reduce -66.8% |
| CMC Commercial Metals Co. | 2.56% | 165,515 | $11.5M | New |
| TDS Telephone and Data Systems | 2.16% | 236,635 | $9.7M | New |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 2.10% | 139,803 | $9.4M | Reduce -67.1% |
| BEN Franklin Templeton Inc. | 2.08% | 390,346 | $9.3M | Reduce -47.8% |
| PEB Pebblebrook Hotel Trust | 1.99% | 789,732 | $8.9M | Reduce -28.1% |
| CFLT Confluent Inc. Class A | 1.68% | 249,270 | $7.5M | New |
| HII Huntington Ingalls Industrie | 1.37% | 18,057 | $6.1M | Reduce -70.3% |
| PRMB Primo Brands Corp. | 1.36% | 373,503 | $6.1M | New |
| SON Sonoco Products Co. | 1.34% | 137,805 | $6.0M | New |
| SKY Champion Homes Inc. | 1.33% | 70,343 | $5.9M | New |
| EXE Expand Energy Corp. | 1.32% | 53,730 | $5.9M | New |
| GLNG Golar LNG Ltd. | 1.32% | 158,561 | $5.9M | New |
| EQT Eqt Corp. | 1.30% | 108,791 | $5.8M | New |
| LUV Southwest Airlines Co. | 1.29% | 140,208 | $5.8M | Reduce -74.3% |
| SHAK Shake Shack Inc. Class A | 1.29% | 71,284 | $5.8M | New |
| AMR Alpha Metallurgical Resource | 1.08% | 24,127 | $4.8M | New |
| CPRI Capri Holdings Ltd. | 0.65% | 120,091 | $2.9M | New |
| ENPH Enphase Energy Inc. | 0.52% | 72,794 | $2.3M | New |
| AAON Aaon Inc. | 0.51% | 30,053 | $2.3M | New |
| RXO Rxo Inc. | 0.38% | 136,015 | $1.7M | New |
| GOOGL Alphabet Inc. Class A | 0.19% | 2,673 | $837K | New |
| AMZN Amazon.com Inc. | 0.19% | 3,607 | $833K | New |
| META Meta Platforms Inc. Class A | 0.19% | 1,260 | $832K | New |
| TSLA Tesla Inc. | 0.12% | 1,231 | $554K | New |
Portfolio Sells Q3 2025 → Q4 2025
| LKQ LKQ Corp. | Reduce -66.8% | 2.60% | −5.39 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −5.01 |
| IFF Intl Flavors & Fragrances | Reduce -67.1% | 2.10% | −3.78 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −3.36 |
| PSN Parsons Corp. | Reduce -29.6% | 3.62% | −3.34 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −3.28 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −3.19 |
| ENR Energizer Holdings Inc. | Sold out | 0.00% | −3.10 |
| HUDSON PAC PPTYS INC | Sold out | 0.00% | −2.83 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −2.76 |
| SO The Southern Co. | Sold out | 0.00% | −2.76 |
| LUV Southwest Airlines Co. | Reduce -74.3% | 1.29% | −2.62 |
| HII Huntington Ingalls Industrie | Reduce -70.3% | 1.37% | −2.57 |
| RKT Rocket Cos Inc. Class A | Reduce -41.5% | 3.22% | −2.34 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −2.23 |
| BEN Franklin Templeton Inc. | Reduce -47.8% | 2.08% | −1.81 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −1.80 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −1.80 |
| AESI Atlas Energy Solutions Inc. | Sold out | 0.00% | −1.69 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −1.54 |
| VTRS Viatris Inc. | Sold out | 0.00% | −1.38 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −1.38 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −1.38 |
| PEB Pebblebrook Hotel Trust | Reduce -28.1% | 1.99% | −0.82 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −0.68 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.64 |
| PPL PPL Corp. | Sold out | 0.00% | −0.64 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.52 |
| GEO The Geo Group Inc. | Sold out | 0.00% | −0.35 |
| REYN Reynolds Consumer Products I | Sold out | 0.00% | −0.26 |
| SLG SL Green Realty Corp. | Sold out | 0.00% | −0.21 |
Portfolio Buys Q3 2025 → Q4 2025
| ESTC Elastic NV | New | 6.62% | +6.62 |
| RH RH | New | 6.44% | +6.44 |
| S Sentinelone Inc. Class A | New | 5.74% | +5.74 |
| BRZE Braze Inc. Class A | New | 5.72% | +5.72 |
| VZ Verizon Communications Inc. | New | 5.24% | +5.24 |
| U Unity Software Inc. | Add +180.6% | 6.48% | +4.37 |
| KMI Kinder Morgan Inc. | New | 3.94% | +3.94 |
| JPM JPMorgan Chase & Co. | New | 2.65% | +2.65 |
| CMC Commercial Metals Co. | New | 2.56% | +2.56 |
| PENN Penn Entertainment Inc. | Add +129.6% | 5.83% | +2.49 |
| TDS Telephone and Data Systems | New | 2.16% | +2.16 |
| HR Healthcare Realty Trust Inc. | Add +66.0% | 5.20% | +1.84 |
| CFLT Confluent Inc. Class A | New | 1.68% | +1.68 |
| PRMB Primo Brands Corp. | New | 1.36% | +1.36 |
| SON Sonoco Products Co. | New | 1.34% | +1.34 |
| SKY Champion Homes Inc. | New | 1.33% | +1.33 |
| EXE Expand Energy Corp. | New | 1.32% | +1.32 |
| GLNG Golar LNG Ltd. | New | 1.32% | +1.32 |
| EQT Eqt Corp. | New | 1.30% | +1.30 |
| SHAK Shake Shack Inc. Class A | New | 1.29% | +1.29 |
| AKAM Akamai Technologies Inc. | Add +63.6% | 2.60% | +1.21 |
| AMR Alpha Metallurgical Resource | New | 1.08% | +1.08 |
| CPRI Capri Holdings Ltd. | New | 0.65% | +0.65 |
| ENPH Enphase Energy Inc. | New | 0.52% | +0.52 |
| AAON Aaon Inc. | New | 0.51% | +0.51 |
| RXO Rxo Inc. | New | 0.38% | +0.38 |
| GOOGL Alphabet Inc. Class A | New | 0.19% | +0.19 |
| AMZN Amazon.com Inc. | New | 0.19% | +0.19 |
| META Meta Platforms Inc. Class A | New | 0.19% | +0.19 |
| TSLA Tesla Inc. | New | 0.12% | +0.12 |
| WYNN WYNN Resorts Ltd. | Add +2.3% | 5.78% | −0.30 |
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 |