Kettle Hill Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Kettle Hill Capital Management, LLC reported 45 stock positions worth $399.1 million. Its top holding was Churchill Downs (CHDN) at 6.7% of the portfolio, followed by Vail Resorts (MTN, 6.6%) and Rocket Cos Class A (RKT, 5.6%). Compared with Q4 2025, it opened 28 new positions, sold out of 22, added to 6 and reduced 11. The biggest buy was a new position in Churchill Downs (CHDN) and the biggest sale an exit from Unity Software (U).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001387369
- Portfolio Value
- $399.1M (Q1 2026)
- SEC Filing
- 0000919574-26-003253 ↗ filed May 15, 2026
Holdings Value
Holdings 45 stocks · $399.1M
| CHDN Churchill Downs Inc. | 6.68% | 296,633 | $26.6M | New |
| MTN Vail Resorts Inc. | 6.64% | 206,667 | $26.5M | New |
| RKT Rocket Cos Inc. Class A | 5.61% | 1,572,187 | $22.4M | Add +111.0% |
| BEN Franklin Templeton Inc. | 5.52% | 933,204 | $22.0M | Add +139.1% |
| NXPI NXP Semiconductors NV | 5.03% | 101,925 | $20.1M | New |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 4.57% | 251,203 | $18.2M | Add +79.7% |
| HR Healthcare Realty Trust Inc. | 4.46% | 1,048,205 | $17.8M | Reduce -23.7% |
| PENN Penn Entertainment Inc. | 4.27% | 1,133,624 | $17.0M | Reduce -36.1% |
| CCI Crown Castle Inc. | 3.05% | 149,569 | $12.2M | New |
| GFS Globalfoundries Inc. | 2.81% | 252,534 | $11.2M | New |
| PRMB Primo Brands Corp. | 2.78% | 588,618 | $11.1M | Add +57.6% |
| LULU Lululemon Athletica Inc. | 2.77% | 72,146 | $11.0M | New |
| ZION Zions Bancorp NA | 2.75% | 190,803 | $11.0M | New |
| TOL Toll Brothers Inc. | 2.74% | 80,222 | $10.9M | New |
| VSNT Versant Media Group Inc. | 2.73% | 294,393 | $10.9M | New |
| WYNN WYNN Resorts Ltd. | 2.66% | 104,425 | $10.6M | Reduce -51.5% |
| UAA Under Armour Inc. Class A | 2.64% | 1,784,741 | $10.5M | New |
| MC Moelis & Co. Class A | 2.22% | 155,446 | $8.9M | New |
| AVTR Avantor Inc. | 2.22% | 1,128,537 | $8.8M | New |
| GLNG Golar LNG Ltd. | 2.21% | 162,952 | $8.8M | Add +2.8% |
| KMI Kinder Morgan Inc. | 2.13% | 253,690 | $8.5M | Reduce -60.5% |
| PEB Pebblebrook Hotel Trust | 1.87% | 591,428 | $7.5M | Reduce -25.1% |
| WOLF Wolfspeed Inc. | 1.50% | 365,868 | $6.0M | New |
| ALGM Allegro Microsystems Inc. | 1.43% | 181,531 | $5.7M | New |
| CCL Carnival Corp. | 1.43% | 221,099 | $5.7M | New |
| JPM JPMorgan Chase & Co. | 1.40% | 19,052 | $5.6M | Reduce -48.4% |
| MCHP Microchip Technology Inc. | 1.39% | 86,069 | $5.6M | New |
| FITB Fifth Third Bancorp | 1.39% | 119,596 | $5.6M | New |
| ADI Analog Devices Inc. | 1.39% | 17,433 | $5.5M | New |
| RJF Raymond James Financial Inc. | 1.39% | 38,260 | $5.5M | New |
| VZ Verizon Communications Inc. | 1.35% | 107,304 | $5.4M | Reduce -81.4% |
| HII Huntington Ingalls Industrie | 1.24% | 13,014 | $4.9M | Reduce -27.9% |
| AMZN Amazon.com Inc. | 1.19% | 22,877 | $4.8M | Add +534.2% |
| BOBS Bob's Discount Furniture | 0.88% | 299,495 | $3.5M | New |
| SBAC SBA Communications Corp. | 0.78% | 18,164 | $3.1M | New |
| AMT American Tower Corp. | 0.78% | 17,923 | $3.1M | New |
| KIM Kimco Realty Corp. | 0.68% | 120,064 | $2.7M | New |
| FND Floor & Decor Holdings Inc. Class A | 0.64% | 49,964 | $2.5M | New |
| ESTC Elastic NV | 0.55% | 44,261 | $2.2M | Reduce -88.8% |
| ALK Alaska Air Group Inc. | 0.55% | 59,553 | $2.2M | New |
| S Sentinelone Inc. Class A | 0.55% | 169,373 | $2.2M | Reduce -90.1% |
| CMC Commercial Metals Co. | 0.54% | 35,317 | $2.2M | Reduce -78.7% |
| AMRZ Amrize Ltd. | 0.48% | 34,526 | $1.9M | New |
| MANU Manchester United PLC Class A | 0.04% | 10,481 | $176K | New |
| MTRX Matrix Service Co. | 0.04% | 15,005 | $172K | New |
Portfolio Sells Q4 2025 → Q1 2026
| U Unity Software Inc. | Sold out | 0.00% | −6.48 |
| RH RH | Sold out | 0.00% | −6.44 |
| ESTC Elastic NV | Reduce -88.8% | 0.55% | −6.07 |
| BRZE Braze Inc. Class A | Sold out | 0.00% | −5.72 |
| S Sentinelone Inc. Class A | Reduce -90.1% | 0.55% | −5.20 |
| VZ Verizon Communications Inc. | Reduce -81.4% | 1.35% | −3.89 |
| PSN Parsons Corp. | Sold out | 0.00% | −3.62 |
| WYNN WYNN Resorts Ltd. | Reduce -51.5% | 2.66% | −3.12 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −2.60 |
| LKQ LKQ Corp. | Sold out | 0.00% | −2.60 |
| TDS Telephone and Data Systems | Sold out | 0.00% | −2.16 |
| CMC Commercial Metals Co. | Reduce -78.7% | 0.54% | −2.01 |
| KMI Kinder Morgan Inc. | Reduce -60.5% | 2.13% | −1.81 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −1.68 |
| PENN Penn Entertainment Inc. | Reduce -36.1% | 4.27% | −1.56 |
| SON Sonoco Products Co. | Sold out | 0.00% | −1.34 |
| SKY Champion Homes Inc. | Sold out | 0.00% | −1.33 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −1.32 |
| EQT Eqt Corp. | Sold out | 0.00% | −1.30 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −1.29 |
| SHAK Shake Shack Inc. Class A | Sold out | 0.00% | −1.29 |
| JPM JPMorgan Chase & Co. | Reduce -48.4% | 1.40% | −1.25 |
| AMR Alpha Metallurgical Resource | Sold out | 0.00% | −1.08 |
| HR Healthcare Realty Trust Inc. | Reduce -23.7% | 4.46% | −0.73 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.65 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.52 |
| AAON Aaon Inc. | Sold out | 0.00% | −0.51 |
| RXO Rxo Inc. | Sold out | 0.00% | −0.38 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.19 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.19 |
| HII Huntington Ingalls Industrie | Reduce -27.9% | 1.24% | −0.13 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.12 |
| PEB Pebblebrook Hotel Trust | Reduce -25.1% | 1.87% | −0.12 |
Portfolio Buys Q4 2025 → Q1 2026
| CHDN Churchill Downs Inc. | New | 6.68% | +6.68 |
| MTN Vail Resorts Inc. | New | 6.64% | +6.64 |
| NXPI NXP Semiconductors NV | New | 5.03% | +5.03 |
| BEN Franklin Templeton Inc. | Add +139.1% | 5.52% | +3.44 |
| CCI Crown Castle Inc. | New | 3.05% | +3.05 |
| GFS Globalfoundries Inc. | New | 2.81% | +2.81 |
| LULU Lululemon Athletica Inc. | New | 2.77% | +2.77 |
| ZION Zions Bancorp NA | New | 2.75% | +2.75 |
| TOL Toll Brothers Inc. | New | 2.74% | +2.74 |
| VSNT Versant Media Group Inc. | New | 2.73% | +2.73 |
| UAA Under Armour Inc. Class A | New | 2.64% | +2.64 |
| IFF Intl Flavors & Fragrances | Add +79.7% | 4.57% | +2.47 |
| RKT Rocket Cos Inc. Class A | Add +111.0% | 5.61% | +2.40 |
| MC Moelis & Co. Class A | New | 2.22% | +2.22 |
| AVTR Avantor Inc. | New | 2.22% | +2.22 |
| WOLF Wolfspeed Inc. | New | 1.50% | +1.50 |
| ALGM Allegro Microsystems Inc. | New | 1.43% | +1.43 |
| CCL Carnival Corp. | New | 1.43% | +1.43 |
| PRMB Primo Brands Corp. | Add +57.6% | 2.78% | +1.42 |
| MCHP Microchip Technology Inc. | New | 1.39% | +1.39 |
| FITB Fifth Third Bancorp | New | 1.39% | +1.39 |
| ADI Analog Devices Inc. | New | 1.39% | +1.39 |
| RJF Raymond James Financial Inc. | New | 1.39% | +1.39 |
| AMZN Amazon.com Inc. | Add +534.2% | 1.19% | +1.01 |
| GLNG Golar LNG Ltd. | Add +2.8% | 2.21% | +0.89 |
| BOBS Bob's Discount Furniture | New | 0.88% | +0.88 |
| SBAC SBA Communications Corp. | New | 0.78% | +0.78 |
| AMT American Tower Corp. | New | 0.78% | +0.78 |
| KIM Kimco Realty Corp. | New | 0.68% | +0.68 |
| FND Floor & Decor Holdings Inc. Class A | New | 0.64% | +0.64 |
| ALK Alaska Air Group Inc. | New | 0.55% | +0.55 |
| AMRZ Amrize Ltd. | New | 0.48% | +0.48 |
| MANU Manchester United PLC Class A | New | 0.04% | +0.04 |
| MTRX Matrix Service Co. | New | 0.04% | +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 |