Kite Lake Capital Management (uk) LL.P. 13F annual report

Kite Lake Capital Management (uk) LL.P. is an investment fund managing more than $99.6 million ran by Rupert Haworth-booth. There are currently 8 companies in Mr. Haworth-booth’s portfolio. The largest investments include The Odp Corp and Noble Corp New, together worth $43.9 million.

$99.6 million Assets Under Management (AUM)

As of 14th December 2022, Kite Lake Capital Management (uk) LL.P.’s top holding is 772,501 shares of The Odp Corp currently worth over $27.2 million and making up 27.3% of the portfolio value. In addition, the fund holds 566,320 shares of Noble Corp New worth $16.8 million. The third-largest holding is Sportsmans Whse Hldgs Inc worth $16 million and the next is Atlas worth $14.2 million, with 1,023,823 shares owned.

Currently, Kite Lake Capital Management (uk) LL.P.'s portfolio is worth at least $99.6 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Kite Lake Capital Management (uk) LL.P.

The Kite Lake Capital Management (uk) LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Rupert Haworth-booth serves as the Chief Operating Officer at Kite Lake Capital Management (uk) LL.P..

Recent trades

In the most recent 13F filing, Kite Lake Capital Management (uk) LL.P. revealed that it had opened a new position in Noble Corp New and bought 566,320 shares worth $16.8 million.

The investment fund also strengthened its position in MagnaChip Semiconductor Corp by buying 492,000 additional shares. This makes their stake in MagnaChip Semiconductor Corp total 741,000 shares worth $7.59 million. MagnaChip Semiconductor Corp dropped 53.8% in the past year.

On the other hand, there are companies that Kite Lake Capital Management (uk) LL.P. is getting rid of from its portfolio. Kite Lake Capital Management (uk) LL.P. closed its position in Noble Corp Plc on 21st December 2022. It sold the previously owned 710,447 shares for $24.9 million. Rupert Haworth-booth also disclosed a decreased stake in The Odp Corp by 0.2%. This leaves the value of the investment at $27.2 million and 772,501 shares.

One of the smallest hedge funds

The two most similar investment funds to Kite Lake Capital Management (uk) LL.P. are Lesa Sroufe & Co and Hazlett, Burt & Watson, Inc. They manage $99.6 million and $99.6 million respectively.

Rupert Haworth-booth investment strategy

Kite Lake Capital Management (uk) LL.P.’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Finance — making up 14.3% of the total portfolio value. The fund focuses on investments in the United Kingdom as 12.5% of the portfolio companies are based in the United Kingdom.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $2.1 billion.

The complete list of Kite Lake Capital Management (uk) LL.P. trades based on 13F SEC filings

These positions were updated on December 21st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
The Odp Corp	23.85% 772,501	$27,153,000	27.27%
Noble Corp Plc	Closed 710,447	$24,901,000
Noble Corp New	Opened 566,320	$16,752,000	16.82%
Sportsmans Whse Hldgs Inc	27.84% 1,925,000	$15,977,000	16.05%
Atlas Corp.	Opened 1,023,823	$14,231,000	14.29%
Valaris Limited	11.11% 160,000	$7,830,000	7.86%
MagnaChip Semiconductor Corp	197.59% 741,000	$7,588,000	7.62%
I-80 Gold Corp	Opened 4,183,500	$7,432,000	7.46%
Diamond Offshore Drilling In	82.01% 393,006	$2,606,000	2.62%
No transactions found
Showing first 500 out of 9 holdings