Melqart Asset Management (UK) Ltd In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Melqart Asset Management (UK) Ltd reported 30 stock positions worth $699.7 million . Its top holding was Hess (HES) at 15.0% of the portfolio, followed by Ansys (ANSS, 11.2% ) and Skechers USA Class A (SKX, 7.9% ). Compared with Q1 2025, it opened 8 new positions, sold out of 23, added to 12 and reduced 10. The biggest buy was a new position in Skechers USA Class A (SKX) and the biggest sale an exit from United States Steel (X).
Location London, X0
CIK 0001712901
Portfolio Value $699.7M (Q2 2025) Holdings 30 stocks · $699.7M 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 Q1 2025 HES Hess Corp. 757,224 $104.9M Add +42.7% ANSS Ansys Inc. 223,469 $78.5M Add +0.5% SKX Skechers USA Inc. Class A 876,368 $55.3M New ALE Allete Inc. 835,112 $53.5M Add +30.9% CYTK Cytokinetics Inc. 1,326,719 $43.8M Add +32.8% NVDA Nvidia Corp. 273,445 $43.2M Reduce -10.0% AVGO Broadcom Inc. 135,938 $37.5M Add +50.5% K Kellanova 422,360 $33.6M Reduce -12.0% ESGR Enstar Group Ltd. 97,013 $32.6M Add +37.9% MRVL Marvell Technology Inc. 399,817 $30.9M Add +64.2% TSLA Tesla Inc. 67,551 $21.5M New TSM Taiwan Semiconductor-SP ADR 86,933 $19.7M Add +42.0% WDC Western Digital Corp. 268,568 $17.2M Add +34.0% AMD Advanced Micro Devices 108,410 $15.4M New BPMC Blueprint Medicines Corp. 109,437 $14.0M New PENN Penn Entertainment Inc. 750,392 $13.4M Add +2.9% WSC Willscot Holdings Corp. 435,018 $11.9M Add +26.6% WBA Walgreens Boots Alliance Inc. 896,132 $10.3M New RBRK Rubrik Inc. Class A 96,674 $8.7M Reduce -39.4% GOOGL Alphabet Inc. Class A 48,694 $8.6M New CYBR Cyberark Software Ltd./Israel 19,805 $8.1M Reduce -20.3% SHOP Shopify Inc. Class A 59,775 $6.9M Reduce -30.9% MNDY Monday.com Ltd. 20,872 $6.6M Reduce -24.1% SNOW Snowflake Inc. 20,113 $4.5M Reduce -68.9% SIMO Silicon Motion Technol-ADR 57,944 $4.4M Reduce -53.1% DT Dynatrace Inc. 77,332 $4.3M Reduce -54.0% APPF Appfolio Inc. Class A 16,832 $3.9M Add +23.5% NTNX Nutanix Inc. Class A 47,411 $3.6M Reduce -59.4% INDV Indivior Ltd. 167,539 $2.5M New AGS Playags Inc. 48,134 $601K New
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ X United States Steel Corp. Sold out 0.00% −10.18 ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −7.14 JNPR Juniper Networks Inc. Sold out 0.00% −2.43 DFS Discover Financial Services Sold out 0.00% −2.22 EVRI Everi Holdings Inc. Sold out 0.00% −1.61 BECN Beacon Roofing Supply Inc. Sold out 0.00% −1.60 AMED Amedisys Inc. Sold out 0.00% −1.52 SWTX Springworks Therapeutics Inc. Sold out 0.00% −1.43 MU Micron Technology Inc. Sold out 0.00% −1.16 ORCL Oracle Corp. Sold out 0.00% −0.89 NBIS Nebius Group NV Sold out 0.00% −0.80 STX Seagate Technology Holdings Sold out 0.00% −0.77 HUBS HubSpot Inc. Sold out 0.00% −0.73 ROIV Roivant Sciences Ltd. Sold out 0.00% −0.69 SNOW Snowflake Inc. Reduce -68.9% 0.64% −0.63 ANET Arista Networks Inc. Sold out 0.00% −0.59 NTNX Nutanix Inc. Class A Reduce -59.4% 0.52% −0.58 VERX Vertex Inc. Class A Sold out 0.00% −0.56 K Kellanova Reduce -12.0% 4.80% −0.55 DT Dynatrace Inc. Reduce -54.0% 0.61% −0.46 FRO Frontline PLC Sold out 0.00% −0.38 OS Onestream Inc. Sold out 0.00% −0.37 MDB Mongodb Inc. Sold out 0.00% −0.36 BRZE Braze Inc. Class A Sold out 0.00% −0.36 LGTY Logility Supply Chain Soluti Sold out 0.00% −0.27 SIMO Silicon Motion Technol-ADR Reduce -53.1% 0.62% −0.22 AMPS Altus Power Inc. Sold out 0.00% −0.18 ACCD Accolade Inc. Sold out 0.00% −0.18 SHOP Shopify Inc. Class A Reduce -30.9% 0.99% −0.13 RBRK Rubrik Inc. Class A Reduce -39.4% 1.24% −0.08 CYBR Cyberark Software Ltd./Israel Reduce -20.3% 1.15% +0.02 MNDY Monday.com Ltd. Reduce -24.1% 0.94% +0.04 NVDA Nvidia Corp. Reduce -10.0% 6.17% +1.72
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ SKX Skechers USA Inc. Class A New 7.90% +7.90 HES Hess Corp. Add +42.7% 14.99% +3.54 AVGO Broadcom Inc. Add +50.5% 5.36% +3.31 TSLA Tesla Inc. New 3.07% +3.07 MRVL Marvell Technology Inc. Add +64.2% 4.42% +2.40 AMD Advanced Micro Devices New 2.20% +2.20 BPMC Blueprint Medicines Corp. New 2.00% +2.00 ALE Allete Inc. Add +30.9% 7.65% +1.99 ANSS Ansys Inc. Add +0.5% 11.22% +1.71 ESGR Enstar Group Ltd. Add +37.9% 4.66% +1.50 WBA Walgreens Boots Alliance Inc. New 1.47% +1.47 TSM Taiwan Semiconductor-SP ADR Add +42.0% 2.81% +1.44 WDC Western Digital Corp. Add +34.0% 2.46% +1.36 GOOGL Alphabet Inc. Class A New 1.23% +1.23 CYTK Cytokinetics Inc. Add +32.8% 6.26% +0.84 WSC Willscot Holdings Corp. Add +26.6% 1.70% +0.41 INDV Indivior Ltd. New 0.35% +0.35 PENN Penn Entertainment Inc. Add +2.9% 1.92% +0.31 APPF Appfolio Inc. Class A Add +23.5% 0.55% +0.15 AGS Playags Inc. New 0.09% +0.09
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ X United States Steel Corp. call Sold out 629,000 $26.6Mbefore exit CPRI Capri Holdings Ltd. call Sold out 13,800 $272Kbefore 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