Melqart Asset Management (UK) Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Melqart Asset Management (UK) Ltd reported 41 stock positions worth $1.0 billion. Its top holding was Electronic Arts (EA) at 7.4% of the portfolio, followed by TXNM Energy (TXNM, 6.1%) and Warner Bros Discovery (WBD, 5.5%). Compared with Q4 2025, it opened 15 new positions, sold out of 18, added to 15 and reduced 9. The biggest buy was Clearwater Analytics HDS-A (CWAN, shares +195%) and the biggest sale an exit from Frontier Communications Pare (FYBR).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001712901
Portfolio Value
$1.0B (Q1 2026)
SEC Filing
0001172661-26-001681 ↗ filed May 12, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $743.0M Q4 2024 Q1 2025: $740.3M Q1 2025 Q2 2025: $699.7M Q2 2025 Q3 2025: $749.5M Q3 2025 Q4 2025: $999.5M Q4 2025 Q1 2026: $1.0B $1.0B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 41 stocks · $1.0B
EA Electronic Arts Inc. 7.43% 369,849 $75.4M Add +49.9%
TXNM TXNM Energy Inc. 6.06% 1,050,947 $61.4M Add +33.0%
WBD Warner Bros Discovery Inc. 5.49% 2,027,609 $55.7M Reduce -20.9%
CYTK Cytokinetics Inc. 5.48% 843,949 $55.6M Add +35.5%
GTLS Chart Industries Inc. 5.41% 265,236 $54.8M Add +7.7%
CWAN Clearwater Analytics HDS-A 5.28% 2,265,906 $53.6M Add +194.5%
NSC Norfolk Southern Corp. 4.55% 160,848 $46.2M Add +7.8%
KVUE Kenvue Inc. 4.26% 2,508,632 $43.2M No change
NVDA Nvidia Corp. 4.23% 245,804 $42.9M Add +57.1%
TSM Taiwan Semiconductor-SP ADR 3.88% 116,470 $39.4M Reduce -0.2%
SNDK Sandisk Corp. 3.08% 49,220 $31.3M Reduce -22.3%
GPN Global Payments Inc. 2.85% 429,281 $28.9M Add +1048.2%
PEN Penumbra Inc. 2.65% 81,822 $26.9M New
TERN Terns Pharmaceuticals Inc. 2.64% 507,187 $26.7M New
RVMD Revolution Medicines Inc. 2.59% 270,363 $26.3M New
AXTA Axalta Coating Systems Ltd. 2.52% 922,310 $25.5M Add +9.7%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 2.46% 18,870 $24.9M New
MRVL Marvell Technology Inc. 2.33% 238,904 $23.7M Reduce -10.9%
FN Fabrinet 2.27% 44,208 $23.1M New
AVGO Broadcom Inc. 2.20% 72,089 $22.3M Reduce -51.0%
INDV Indivior Pharmaceuticals Inc. 2.06% 684,320 $20.9M New
VSNT Versant Media Group Inc. 1.99% 544,245 $20.1M New
UNF Unifirst Corp. 1.83% 73,814 $18.6M New
WDC Western Digital Corp. 1.71% 64,216 $17.4M Reduce -35.4%
FWRD Forward Air Corp. 1.45% 877,744 $14.7M Add +3.3%
CPRI Capri Holdings Ltd. 1.45% 832,090 $14.7M Add +34.4%
AMD Advanced Micro Devices 1.40% 69,878 $14.2M Add +2.1%
VAL Valaris Ltd. 1.30% 133,992 $13.1M New
AES AES Corp. 1.28% 919,232 $13.0M New
URA Global X Uranium ETF 1.18% 246,307 $11.9M New
PENN Penn Entertainment Inc. 1.15% 773,591 $11.6M Add +8.4%
ORCL Oracle Corp. 1.01% 69,327 $10.2M Reduce -17.4%
MBC Masterbrand Inc. 0.88% 1,073,202 $8.9M Add +4967.1%
RTAC Renatus Tactical Acquisiti-A 0.70% 694,096 $7.1M No change
AEVA Aeva Technologies Inc. 0.68% 524,686 $6.9M Reduce -4.2%
SIMO Silicon Motion Technol-ADR 0.61% 55,124 $6.2M Reduce -44.0%
CMBT CMB Tech NV 0.52% 418,161 $5.3M New
TWO Two Harbors Investment Corp. 0.42% 376,970 $4.3M New
TAC Transalta Corp. 0.29% 227,406 $3.0M New
IHRT Iheartmedia Inc. Class A 0.28% 969,704 $2.8M Add +83.5%
OII Oceaneering Intl Inc. 0.15% 42,922 $1.5M New

Portfolio Sells Q4 2025 → Q1 2026
FYBR Frontier Communications Pare Sold out 0.00% −5.76
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −4.64
EXAS Exact Sciences Corp. Sold out 0.00% −3.83
SNOW Snowflake Inc. Sold out 0.00% −3.18
PLYM Plymouth Industrial REIT Inc. Sold out 0.00% −3.12
AVGO Broadcom Inc. Reduce -51.0% 2.20% −2.89
RNAM Avidity Biosciences Inc. Sold out 0.00% −2.57
CFLT Confluent Inc. Class A Sold out 0.00% −2.47
WBD Warner Bros Discovery Inc. Reduce -20.9% 5.49% −1.90
AMZN Amazon.com Inc. Sold out 0.00% −1.49
MDB Mongodb Inc. Sold out 0.00% −1.16
MU Micron Technology Inc. Sold out 0.00% −1.14
RBRK Rubrik Inc. Class A Sold out 0.00% −0.64
ORCL Oracle Corp. Reduce -17.4% 1.01% −0.63
CDTX Cidara Therapeutics Inc. Sold out 0.00% −0.58
TWLO Twilio Inc. Class A Sold out 0.00% −0.58
SHOP Shopify Inc. Class A Sold out 0.00% −0.52
FROG Jfrog Ltd. Sold out 0.00% −0.52
ABVX Abivax SA-ADR Sold out 0.00% −0.45
SIMO Silicon Motion Technol-ADR Reduce -44.0% 0.61% −0.30
FRO Frontline PLC Sold out 0.00% −0.22
AEVA Aeva Technologies Inc. Reduce -4.2% 0.68% −0.05
KW Kennedy-Wilson Holdings Inc. Sold out 0.00% −0.03
WDC Western Digital Corp. Reduce -35.4% 1.71% −0.00
MRVL Marvell Technology Inc. Reduce -10.9% 2.33% +0.05
TSM Taiwan Semiconductor-SP ADR Reduce -0.2% 3.88% +0.33
SNDK Sandisk Corp. Reduce -22.3% 3.08% +1.58

Portfolio Buys Q4 2025 → Q1 2026
CWAN Clearwater Analytics HDS-A Add +194.5% 5.28% +3.43
PEN Penumbra Inc. New 2.65% +2.65
TERN Terns Pharmaceuticals Inc. New 2.64% +2.64
RVMD Revolution Medicines Inc. New 2.59% +2.59
GPN Global Payments Inc. Add +1048.2% 2.85% +2.56
ASML ASML Holding NV-NY Reg SHS New 2.46% +2.46
EA Electronic Arts Inc. Add +49.9% 7.43% +2.39
FN Fabrinet New 2.27% +2.27
INDV Indivior Pharmaceuticals Inc. New 2.06% +2.06
VSNT Versant Media Group Inc. New 1.99% +1.99
UNF Unifirst Corp. New 1.83% +1.83
CYTK Cytokinetics Inc. Add +35.5% 5.48% +1.52
TXNM TXNM Energy Inc. Add +33.0% 6.06% +1.40
NVDA Nvidia Corp. Add +57.1% 4.23% +1.31
VAL Valaris Ltd. New 1.30% +1.30
AES AES Corp. New 1.28% +1.28
URA Global X Uranium ETF New 1.18% +1.18
MBC Masterbrand Inc. Add +4967.1% 0.88% +0.86
CMBT CMB Tech NV New 0.52% +0.52
TWO Two Harbors Investment Corp. New 0.42% +0.42
GTLS Chart Industries Inc. Add +7.7% 5.41% +0.33
TAC Transalta Corp. New 0.29% +0.29
NSC Norfolk Southern Corp. Add +7.8% 4.55% +0.24
OII Oceaneering Intl Inc. New 0.15% +0.15
PENN Penn Entertainment Inc. Add +8.4% 1.15% +0.09
IHRT Iheartmedia Inc. Class A Add +83.5% 0.28% +0.06
AMD Advanced Micro Devices Add +2.1% 1.40% −0.06
CPRI Capri Holdings Ltd. Add +34.4% 1.45% −0.07
AXTA Axalta Coating Systems Ltd. Add +9.7% 2.52% −0.20
FWRD Forward Air Corp. Add +3.3% 1.45% −0.68

Options Activity Q4 2025 → Q1 2026
GPN Global Payments Inc. call Sold out 210,500 $16.3Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 40$1.1BWBD, TXNM, NSC, EA, CYTK
Q1 2026 41$1.0BEA, TXNM, WBD, CYTK, GTLS
Q4 2025 44$999.5MWBD, FYBR, AVGO, GTLS, EA
Q3 2025 44$749.5MALE, CYBR, SNPS, CYTK, TXNM
Q2 2025 30$699.7MHES, ANSS, SKX, ALE, CYTK
Q1 2025 45$740.3MHES, X, ANSS, ITCI, ALE
Q4 2024 42$743.0MANSS, X, HES, CYTK, JNPR
Q3 2024 46$1.0BCPRI, ANSS, RCM, ACI, CYTK
Q2 2024 49$1.1BCYTK, CPRI, ACI, X, ANSS
Q1 2024 45$1.3BPXD, ACI, CPRI, X, CYTK