Melqart Asset Management (UK) Ltd In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Melqart Asset Management (UK) Ltd reported 44 stock positions worth $999.5 million . Its top holding was Warner Bros Discovery (WBD) at 7.4% of the portfolio, followed by Frontier Communications Pare (FYBR, 5.8% ) and Broadcom (AVGO, 5.1% ). Compared with Q3 2025, it opened 20 new positions, sold out of 20, added to 14 and reduced 10. The biggest buy was a new position in Warner Bros Discovery (WBD) and the biggest sale an exit from Allete (ALE).
Location London, X0
CIK 0001712901
Portfolio Value $999.5M (Q4 2025) Holdings 44 stocks · $999.5M 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 2025 WBD Warner Bros Discovery Inc. 2,564,169 $73.9M New FYBR Frontier Communications Pare 1,511,884 $57.6M Add +143.9% AVGO Broadcom Inc. 147,076 $50.9M Add +91.5% GTLS Chart Industries Inc. 246,240 $50.8M New EA Electronic Arts Inc. 246,742 $50.4M New TXNM TXNM Energy Inc. 789,989 $46.5M Add +35.1% CYBR Cyberark Software Ltd./Israel 103,952 $46.4M Reduce -1.9% KVUE Kenvue Inc. 2,508,632 $43.3M New NSC Norfolk Southern Corp. 149,215 $43.1M New CYTK Cytokinetics Inc. 622,898 $39.6M Reduce -20.5% EXAS Exact Sciences Corp. 376,840 $38.3M New TSM Taiwan Semiconductor-SP ADR 116,673 $35.5M Add +53.3% SNOW Snowflake Inc. 144,695 $31.7M Add +176.5% PLYM Plymouth Industrial REIT Inc. 1,426,429 $31.2M New NVDA Nvidia Corp. 156,486 $29.2M Add +5.4% AXTA Axalta Coating Systems Ltd. 840,804 $27.2M New RNAM Avidity Biosciences Inc. 355,691 $25.7M New CFLT Confluent Inc. Class A 815,896 $24.7M Add +228.4% MRVL Marvell Technology Inc. 268,104 $22.8M Reduce -17.6% FWRD Forward Air Corp. 849,876 $21.2M Add +122.3% CWAN Clearwater Analytics HDS-A 769,361 $18.6M New WDC Western Digital Corp. 99,431 $17.1M Reduce -47.0% ORCL Oracle Corp. 83,897 $16.4M New CPRI Capri Holdings Ltd. 618,978 $15.1M Add +6.1% SNDK Sandisk Corp. 63,356 $15.0M Reduce -57.4% AMZN Amazon.com Inc. 64,329 $14.8M Add +71.7% AMD Advanced Micro Devices 68,439 $14.7M New MDB Mongodb Inc. 27,738 $11.6M Reduce -14.6% MU Micron Technology Inc. 40,020 $11.4M Add +43.4% PENN Penn Entertainment Inc. 713,416 $10.5M Reduce -5.4% SIMO Silicon Motion Technol-ADR 98,417 $9.1M Reduce -7.3% RTAC Renatus Tactical Acquisiti-A 694,096 $7.4M New AEVA Aeva Technologies Inc. 547,436 $7.3M Add +45.1% RBRK Rubrik Inc. Class A 83,931 $6.4M Reduce -59.0% CDTX Cidara Therapeutics Inc. 26,461 $5.8M New TWLO Twilio Inc. Class A 40,447 $5.8M New SHOP Shopify Inc. Class A 32,388 $5.2M Add +134.3% FROG Jfrog Ltd. 82,764 $5.2M New ABVX Abivax SA-ADR 32,991 $4.4M Reduce -48.6% GPN Global Payments Inc. 37,386 $2.9M New IHRT Iheartmedia Inc. Class A 528,569 $2.2M New FRO Frontline PLC 100,016 $2.2M Add +421.1% KW Kennedy-Wilson Holdings Inc. 26,843 $260K New MBC Masterbrand Inc. 21,180 $234K New
Options reported separately and not counted above: GPN calls ($16.3M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ ALE Allete Inc. Sold out 0.00% −6.97 SNPS Synopsys Inc. Sold out 0.00% −5.76 K Kellanova Sold out 0.00% −4.40 WNS WNS Holdings Ltd. Sold out 0.00% −3.87 TSLA Tesla Inc. Sold out 0.00% −3.74 COIN Coinbase Global Inc. Class A Sold out 0.00% −2.36 CCL Carnival Corp. Sold out 0.00% −2.28 CYBR Cyberark Software Ltd./Israel Reduce -1.9% 4.64% −2.19 PRKS United Parks & Resorts Inc. Sold out 0.00% −2.07 INDV Indivior Ltd. Sold out 0.00% −1.98 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −1.92 CYTK Cytokinetics Inc. Reduce -20.5% 3.96% −1.79 BIDU Baidu Inc. - Spon ADR Sold out 0.00% −1.76 RBRK Rubrik Inc. Class A Reduce -59.0% 0.64% −1.60 VRNA Verona Pharma Ltd. Sold out 0.00% −1.54 MRVL Marvell Technology Inc. Reduce -17.6% 2.28% −1.37 WDC Western Digital Corp. Reduce -47.0% 1.71% −1.29 NTNX Nutanix Inc. Class A Sold out 0.00% −1.15 WSC Willscot Holdings Corp. Sold out 0.00% −1.13 GOOGL Alphabet Inc. Class A Sold out 0.00% −1.12 GDS GDS Holdings Ltd. - ADR Sold out 0.00% −0.93 ANET Arista Networks Inc. Sold out 0.00% −0.90 PENN Penn Entertainment Inc. Reduce -5.4% 1.05% −0.89 SNDK Sandisk Corp. Reduce -57.4% 1.50% −0.72 MNDY Monday.com Ltd. Sold out 0.00% −0.63 DT Dynatrace Inc. Sold out 0.00% −0.58 ESTC Elastic NV Sold out 0.00% −0.56 SIMO Silicon Motion Technol-ADR Reduce -7.3% 0.91% −0.43 ABVX Abivax SA-ADR Reduce -48.6% 0.45% −0.28 MDB Mongodb Inc. Reduce -14.6% 1.16% −0.18
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ WBD Warner Bros Discovery Inc. New 7.39% +7.39 GTLS Chart Industries Inc. New 5.08% +5.08 EA Electronic Arts Inc. New 5.04% +5.04 KVUE Kenvue Inc. New 4.33% +4.33 NSC Norfolk Southern Corp. New 4.31% +4.31 EXAS Exact Sciences Corp. New 3.83% +3.83 PLYM Plymouth Industrial REIT Inc. New 3.12% +3.12 AXTA Axalta Coating Systems Ltd. New 2.72% +2.72 FYBR Frontier Communications Pare Add +143.9% 5.76% +2.67 RNAM Avidity Biosciences Inc. New 2.57% +2.57 CWAN Clearwater Analytics HDS-A New 1.86% +1.86 CFLT Confluent Inc. Class A Add +228.4% 2.47% +1.81 AVGO Broadcom Inc. Add +91.5% 5.09% +1.71 ORCL Oracle Corp. New 1.64% +1.64 SNOW Snowflake Inc. Add +176.5% 3.18% +1.60 AMD Advanced Micro Devices New 1.47% +1.47 FWRD Forward Air Corp. Add +122.3% 2.13% +0.82 RTAC Renatus Tactical Acquisiti-A New 0.74% +0.74 TSM Taiwan Semiconductor-SP ADR Add +53.3% 3.55% +0.71 CDTX Cidara Therapeutics Inc. New 0.58% +0.58 TWLO Twilio Inc. Class A New 0.58% +0.58 MU Micron Technology Inc. Add +43.4% 1.14% +0.52 FROG Jfrog Ltd. New 0.52% +0.52 AMZN Amazon.com Inc. Add +71.7% 1.49% +0.39 GPN Global Payments Inc. New 0.29% +0.29 SHOP Shopify Inc. Class A Add +134.3% 0.52% +0.25 TXNM TXNM Energy Inc. Add +35.1% 4.65% +0.24 IHRT Iheartmedia Inc. Class A New 0.22% +0.22 FRO Frontline PLC Add +421.1% 0.22% +0.16 KW Kennedy-Wilson Holdings Inc. New 0.03% +0.03 MBC Masterbrand Inc. New 0.02% +0.02 AEVA Aeva Technologies Inc. Add +45.1% 0.73% −0.00 CPRI Capri Holdings Ltd. Add +6.1% 1.51% −0.04 NVDA Nvidia Corp. Add +5.4% 2.92% −0.78
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ GPN Global Payments Inc. call New 210,500 $16.3M
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