Key Square Capital Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Key Square Capital Management LLC reported 4 stock positions worth $13.6 million. Its top holding was SPDR Gold Shares (GLD) at 31.0% of the portfolio, followed by Union Pacific (UNP, 25.5%) and Lyondellbasell Indu Class A (LYB, 23.3%). Compared with Q4 2023, it opened 4 new positions and sold out of 4. The biggest buy was a new position in SPDR Gold Shares (GLD) and the biggest sale an exit from Palantir Technologies Class A (PLTR).
- Most Recent 13F
- Q4 2024
- Location
- Stamford, CT
- CIK
- 0001662970
- Portfolio Value
- $13.6M (Q1 2024)
- SEC Filing
- 0001172661-24-002381 ↗ filed May 15, 2024
Holdings Value
Holdings 4 stocks · $13.6M
| GLD SPDR Gold Shares | 30.96% | 20,470 | $4.2M | New |
| UNP Union Pacific Corp. | 25.49% | 14,100 | $3.5M | New |
| LYB Lyondellbasell Indu Class A | 23.26% | 30,930 | $3.2M | New |
| BABA Alibaba Group Holding-SP ADR | 20.29% | 38,140 | $2.8M | New |
Options reported separately and not counted above: QQQ puts ($515.1M).
Portfolio Sells Q4 2023 → Q1 2024
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −34.36 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −31.98 |
| CONSOL ENERGY INC | Sold out | 0.00% | −18.08 |
| RIG Transocean Ltd. | Sold out | 0.00% | −15.57 |
Portfolio Buys Q4 2023 → Q1 2024
Options Activity Q4 2023 → Q1 2024
| QQQ Invesco QQQ Trust Series 1 | put | New | 1,160,000 | $515.1M |
| FXI iShares China Large-Cap ETF | call | Sold out | 7,102,500 | $170.7Mbefore exit |
| EWZ iShares MSCI Brazil ETF | call | Sold out | 4,201,400 | $146.9Mbefore exit |
| KWEB Kranesh Csi China Internet | call | Sold out | 4,510,000 | $121.8Mbefore exit |
| RIG Transocean Ltd. | call | Sold out | 1,931,400 | $12.3Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.