In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), KRYGER CAPITAL Ltd reported 12 stock positions worth $536.0 million . Its top holding was Hess (HES) at 31.4% of the portfolio, followed by Southwestern Energy (SWN, 14.3% ) and Westrock (WRK, 12.9% ). Compared with Q4 2023, it opened 8 new positions, sold out of 6, added to 3 and reduced 1. The biggest buy was a new position in Southwestern Energy (SWN) and the biggest sale an exit from United States Steel (X).
Location LONDON, X0
CIK 0001911807
Portfolio Value $536.0M (Q1 2024) Holdings 12 stocks · $536.0M Holdings quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 HES Hess Corp. 1,103,212 $168.4M Add +44.0% SWN Southwestern Energy Co. 10,097,972 $76.5M New WRK Westrock Co. 1,398,280 $69.1M Add +5.1% AXONICS INC 945,501 $65.2M New PXD Pioneer Natural Resources Co. 225,615 $59.2M Add +49.9% TCN Tricon Residential Inc. 3,197,961 $35.7M New CPRI Capri Holdings Ltd. 427,784 $19.4M Reduce -47.4% EDR Endeavor Group Hold Class A 528,220 $13.6M New OLK Olink Holding AB - ADR 485,552 $11.4M New CYTK Cytokinetics Inc. 146,838 $10.3M New IP International Paper Co. 129,301 $5.0M New FUSN Fusion Pharmaceuticals Inc. 100,284 $2.1M New
Options reported separately and not counted above: CPRI calls ($213K), MACYS INC calls ($34K).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ X United States Steel Corp. Sold out 0.00% −15.20 TGH Textainer Group Holdings Ltd. Sold out 0.00% −11.79 SPLK Splunk Inc. Sold out 0.00% −10.42 KRTX Karuna Therapeutics Inc. Sold out 0.00% −10.13 IMGN Immunogen Inc. Sold out 0.00% −9.61 SOVO Sovos Brands Inc. Sold out 0.00% −4.60 CPRI Capri Holdings Ltd. Reduce -47.4% 3.62% −2.88
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ SWN Southwestern Energy Co. New 14.28% +14.28 HES Hess Corp. Add +44.0% 31.41% +13.84 AXONICS INC New 12.17% +12.17 TCN Tricon Residential Inc. New 6.65% +6.65 PXD Pioneer Natural Resources Co. Add +49.9% 11.05% +5.66 WRK Westrock Co. Add +5.1% 12.90% +4.11 EDR Endeavor Group Hold Class A New 2.54% +2.54 OLK Olink Holding AB - ADR New 2.13% +2.13 CYTK Cytokinetics Inc. New 1.92% +1.92 IP International Paper Co. New 0.94% +0.94 FUSN Fusion Pharmaceuticals Inc. New 0.40% +0.40
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ CPRI Capri Holdings Ltd. call New 2,248 $213K MACYS INC call New 322 $34K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q4 2025 50 $1.3B NSC, CFLT, EXAS, CYBR, FYBR Q3 2025 32 $865.5M VRNA, MRUS, NSC, CYBR, COOP Q2 2025 16 $540.5M HES, AZEK, FYBR, SKX, SWTX Q1 2025 20 $852.5M HES, BERY, ITCI, FYBR, CHX Q4 2024 12 $385.6M HES, SUM, K, ALTM, BERY Q3 2024 16 $803.5M HES, HCP, AXONICS INC, SWN, NVEI Q2 2024 14 $871.9M HES, HCP, WRK, AXONICS INC, NVEI Q1 2024 12 $536.0M HES, SWN, WRK, AXONICS INC, PXD