Melqart Asset Management (UK) Ltd In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Melqart Asset Management (UK) Ltd reported 42 stock positions worth $743.0 million . Its top holding was Ansys (ANSS) at 11.1% of the portfolio, followed by United States Steel (X, 9.5% ) and Hess (HES, 7.6% ). Compared with Q3 2024, it opened 15 new positions, sold out of 19, added to 9 and reduced 15. The biggest buy was a new position in Juniper Networks (JNPR) and the biggest sale an exit from Capri (CPRI).
Location London, X0
CIK 0001712901
Portfolio Value $743.0M (Q4 2024) Holdings 42 stocks · $743.0M Holdings quarter Q2 2026 Q1 2026 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 Q3 2024 ANSS Ansys Inc. 245,269 $82.7M Add +3.3% X United States Steel Corp. 2,073,864 $70.5M Add +36.3% HES Hess Corp. 423,366 $56.3M Reduce -1.5% CYTK Cytokinetics Inc. 1,136,434 $53.5M Reduce -6.3% JNPR Juniper Networks Inc. 1,159,220 $43.4M New HCP Hashicorp Inc. Class A 1,185,399 $40.6M Add +42.2% K Kellanova 484,631 $39.2M New SMAR Smartsheet Inc. Class A 553,311 $31.0M Add +72.9% MRVL Marvell Technology Inc. 214,197 $23.7M Add +8.9% ACI Albertsons Cos Inc. Class A 1,090,584 $21.4M Reduce -69.3% HUBS HubSpot Inc. 30,702 $21.4M Reduce -9.4% AVGO Broadcom Inc. 85,971 $19.9M Reduce -20.0% DJT Trump Media & Technology Gro 549,106 $18.7M New RBRK Rubrik Inc. Class A 273,338 $17.9M Reduce -37.8% MNDY Monday.com Ltd. 69,883 $16.5M Add +301.0% SW Smurfit Westrock PLC 278,712 $15.0M Reduce -61.4% SDRL Seadrill Limited 383,519 $14.9M Reduce -24.7% DT Dynatrace Inc. 264,753 $14.4M Add +17.7% GXO Gxo Logistics Inc. 268,012 $11.7M New SIMO Silicon Motion Technol-ADR 215,039 $11.6M Reduce -3.3% NTNX Nutanix Inc. Class A 178,044 $10.9M Reduce -9.9% WSC Willscot Holdings Corp. 322,784 $10.8M Add +1.6% MDB Mongodb Inc. 40,857 $9.5M New ROIV Roivant Sciences Ltd. 742,070 $8.8M No change DFS Discover Financial Services 44,989 $7.8M New SHOP Shopify Inc. Class A 72,115 $7.7M Reduce -30.8% MU Micron Technology Inc. 75,520 $6.4M Reduce -51.7% ORCL Oracle Corp. 35,485 $5.9M No change FYBR Frontier Communications Pare 168,460 $5.8M New HPE Hewlett Packard Enterprise 254,500 $5.4M New ALE Allete Inc. 76,879 $5.0M New WDC Western Digital Corp. 80,120 $4.8M Reduce -56.0% CFLT Confluent Inc. Class A 168,439 $4.7M New CIEN Ciena Corp. 49,828 $4.2M Reduce -50.0% TER Teradyne Inc. 28,250 $3.6M New TENB Tenable Holdings Inc. 82,036 $3.2M New VSH Vishay Intertechnology Inc. 177,720 $3.0M New INTU Intuit Inc. 4,548 $2.9M New AMBP Ardagh Metal Packaging SA 942,561 $2.8M Reduce -2.5% NBIS Nebius Group NV 79,792 $2.2M New FRSH Freshworks Inc. Class A 124,189 $2.0M No change INDV Indivior Ltd. 104,790 $1.3M Add +675.6%
Options reported separately and not counted above: X calls ($34.0M), FYBR calls ($29.4M), GOOGL calls ($11.9M), ACI calls ($9.9M).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ CPRI Capri Holdings Ltd. Sold out 0.00% −8.86 RCM R1 RCM Inc. Sold out 0.00% −6.68 CTLT Catalent Inc. Sold out 0.00% −6.13 ACI Albertsons Cos Inc. Class A Reduce -69.3% 2.88% −3.56 AXONICS INC Sold out 0.00% −3.49 AY Atlantica Sustainable Infras Sold out 0.00% −2.89 AMED Amedisys Inc. Sold out 0.00% −2.62 NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −1.54 SW Smurfit Westrock PLC Reduce -61.4% 2.02% −1.48 INTC Intel Corp. Sold out 0.00% −1.38 AMD Advanced Micro Devices Sold out 0.00% −1.02 BBIO Bridgebio Pharma Inc. Sold out 0.00% −1.01 FRO Frontline PLC Sold out 0.00% −1.01 LLY Eli Lilly & Co. Sold out 0.00% −0.85 STNG Scorpio Tankers Inc. Sold out 0.00% −0.83 MU Micron Technology Inc. Reduce -51.7% 0.86% −0.74 SNOW Snowflake Inc. Sold out 0.00% −0.67 VKTX Viking Therapeutics Inc. Sold out 0.00% −0.59 WDC Western Digital Corp. Reduce -56.0% 0.64% −0.58 MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.49 CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.40 SAP Sap SE-Sponsored ADR Sold out 0.00% −0.37 GRFS Grifols SA-ADR Sold out 0.00% −0.16 CIEN Ciena Corp. Reduce -50.0% 0.57% −0.03 SDRL Seadrill Limited Reduce -24.7% 2.01% +0.02 AMBP Ardagh Metal Packaging SA Reduce -2.5% 0.38% +0.02 SHOP Shopify Inc. Class A Reduce -30.8% 1.03% +0.21 SIMO Silicon Motion Technol-ADR Reduce -3.3% 1.56% +0.24 NTNX Nutanix Inc. Class A Reduce -9.9% 1.47% +0.32 AVGO Broadcom Inc. Reduce -20.0% 2.68% +0.86 CYTK Cytokinetics Inc. Reduce -6.3% 7.20% +0.91 RBRK Rubrik Inc. Class A Reduce -37.8% 2.40% +1.02 HUBS HubSpot Inc. Reduce -9.4% 2.88% +1.11 HES Hess Corp. Reduce -1.5% 7.58% +1.85
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ JNPR Juniper Networks Inc. New 5.84% +5.84 K Kellanova New 5.28% +5.28 X United States Steel Corp. Add +36.3% 9.49% +4.21 ANSS Ansys Inc. Add +3.3% 11.14% +3.71 HCP Hashicorp Inc. Class A Add +42.2% 5.46% +2.69 DJT Trump Media & Technology Gro New 2.52% +2.52 SMAR Smartsheet Inc. Class A Add +72.9% 4.17% +2.43 MRVL Marvell Technology Inc. Add +8.9% 3.18% +1.79 MNDY Monday.com Ltd. Add +301.0% 2.21% +1.74 GXO Gxo Logistics Inc. New 1.57% +1.57 MDB Mongodb Inc. New 1.28% +1.28 DFS Discover Financial Services New 1.05% +1.05 FYBR Frontier Communications Pare New 0.79% +0.79 DT Dynatrace Inc. Add +17.7% 1.94% +0.76 HPE Hewlett Packard Enterprise New 0.73% +0.73 ALE Allete Inc. New 0.67% +0.67 CFLT Confluent Inc. Class A New 0.63% +0.63 TER Teradyne Inc. New 0.48% +0.48 TENB Tenable Holdings Inc. New 0.43% +0.43 VSH Vishay Intertechnology Inc. New 0.41% +0.41 INTU Intuit Inc. New 0.38% +0.38 NBIS Nebius Group NV New 0.30% +0.30 WSC Willscot Holdings Corp. Add +1.6% 1.45% +0.28 INDV Indivior Ltd. Add +675.6% 0.18% +0.16
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ X United States Steel Corp. call Add +42.9% 1,000,000 $34.0M FYBR Frontier Communications Pare call Add +2.8% 848,400 $29.4M ARGX Argenx SE - ADR call Sold out 32,100 $17.4Mbefore exit GOOGL Alphabet Inc. Class A call New 63,000 $11.9M ACI Albertsons Cos Inc. Class A call Add +25.0% 501,900 $9.9M CPRI Capri Holdings Ltd. call Sold out 208,000 $8.8Mbefore exit
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 Q2 2026 40 $1.1B WBD, TXNM, NSC, EA, CYTK Q1 2026 41 $1.0B EA, TXNM, WBD, CYTK, GTLS Q4 2025 44 $999.5M WBD, FYBR, AVGO, GTLS, EA Q3 2025 44 $749.5M ALE, CYBR, SNPS, CYTK, TXNM Q2 2025 30 $699.7M HES, ANSS, SKX, ALE, CYTK Q1 2025 45 $740.3M HES, X, ANSS, ITCI, ALE Q4 2024 42 $743.0M ANSS, X, HES, CYTK, JNPR Q3 2024 46 $1.0B CPRI, ANSS, RCM, ACI, CYTK Q2 2024 49 $1.1B CYTK, CPRI, ACI, X, ANSS Q1 2024 45 $1.3B PXD, ACI, CPRI, X, CYTK