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Livermore
Livermore
ZHEN

Segantii Capital Management Ltd

SEC CIK
0001544676
Latest filing
May 14, 2024

The latest 13F from Segantii Capital Management Ltd covers Q1 2024 (filed May 14, 2024): 89 long positions worth $1.01B. The top 10 holdings make up 65.1% of the portfolio, and the largest is WestRock Co (WRK) at 11.6%. Livermore has 14 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2024

Share counts compared with Q4 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
26
Est. +$171.5M
Added
10
Est. +$136.5M
Reduced
18
Est. −$235.7M
Sold out
72
Est. −$779.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. WRKWestRock Co
    11.6%$117.4MHistory
  2. BABAAlibaba Group Holding Ltd
    10.6%$107.8MHistory
  3. ANSSAnsys Inc
    6.9%$69.8MHistory
  4. Kraneshares Trust500767306
    6.4%$64.9M
  5. ZTO Express (Cayman) Inc.98980AAB1
    6.1%$61.8M

Share of portfolio

Top 5 holdings and the other 84 positions, by share of portfolio value

  1. WRK11.6%
  2. BABA10.6%
  3. ANSS6.9%
  4. Kraneshares Trust6.4%
  5. ZTO Express (Cayman) Inc.6.1%
  6. Other 84 positions58.4%

Biggest buys

New and added positions, by estimated amount bought

  1. ANSSAnsys Inc
    +$55.2MAddedHistory
  2. BABAAlibaba Group Holding Ltd
    +$41.3MAddedHistory
  3. HDBHDFC Bank Ltd
    +$35.5MNewHistory
  4. CERECerevel Therapeutics Holdings, Inc.
    +$23.2MAddedHistory
  5. CYTKCytokinetics Inc
    +$14.7MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BABAAlibaba Group Holding Ltd
    +6.43 pp4.2% → 10.6%History
  2. ANSSAnsys Inc
    +5.99 pp0.9% → 6.9%History
  3. HDBHDFC Bank Ltd
    +3.50 pp0.0% → 3.5%History
  4. CERECerevel Therapeutics Holdings, Inc.
    +3.29 pp1.5% → 4.8%History
  5. AMEDAmedisys Inc
    +1.90 pp1.9% → 3.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Seagen Inc81181C954
    −$78.8MSold out
  2. XUnited States Steel Corp
    −$68.8MSold outHistory
  3. ACIAlbertsons Companies, Inc.
    −$67.5MReducedHistory
  4. MongoDB, Inc.60937PAD8
    −$66.9MSold out
  5. HESHess Corp
    −$55.3MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Seagen Inc81181C954
    −4.62 pp4.6% → 0.0%
  2. XUnited States Steel Corp
    −4.04 pp4.0% → 0.0%History
  3. MongoDB, Inc.60937PAD8
    −3.92 pp3.9% → 0.0%
  4. ACIAlbertsons Companies, Inc.
    −3.50 pp5.6% → 2.1%History
  5. CPRICapri Holdings Ltd
    −2.76 pp2.8% → 0.0%History

Metrics

13F metrics for Q1 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.01B
−$692.0M (−40.6%) vs. prior quarter
Positions
89
−46 vs. prior quarter
Top 10 concentration
65.1%
Top 10 as share of value
Turnover
22.7%
Q1 2024, one quarter
Average holding period
4.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

13 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.42B (Q2 2022)

Q1 2021: $2.29BQ2 2021: $3.16BQ3 2021: $2.85BQ4 2021: $3.09BQ1 2022: $2.67BQ2 2022: $3.42BQ3 2022: $2.80BQ4 2022: $2.51BQ1 2023: $2.29BQ2 2023: $1.66BQ3 2023: $2.63BQ4 2023: $1.71BQ1 2024: $1.01B
Q1 2021Q1 2024
13F filings of Segantii Capital Management Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024May 14, 202489$1.01BWRKBABAANSSvs. Q4 2023SEC
Q4 2023Feb 7, 2024135$1.71BWRKHESACIvs. Q3 2023SEC
Q3 2023Nov 7, 2023154$2.63BATVIBABASGENvs. Q2 2023SEC
Q2 2023Aug 2, 2023181$1.66BATVIBABASGENvs. Q1 2023SEC
Q1 2023May 5, 2023290$2.29BATVIACIJDvs. Q4 2022SEC
Q4 2022Feb 3, 2023Amended396$2.51BBABAShaw Communications IncTGNAvs. Q3 2022SEC
Q3 2022Nov 9, 2022537$2.80BTWTRFHNATVIvs. Q2 2022SEC
Q2 2022Aug 3, 2022544$3.42BSPDR S&P 500 ETF TrTWTRFHNvs. Q1 2022SEC
Q1 2022Apr 26, 2022595$2.67BFHNZNGATvs. Q4 2021SEC
Q4 2021Jan 21, 2022587$3.09BNUANINFOiShares Trvs. Q3 2021SEC
Q3 2021Nov 10, 2021492$2.85BBABAKSUXLNXvs. Q2 2021SEC
Q2 2021Aug 6, 2021493$3.16BNUANALXNNIOvs. Q1 2021SEC
Q1 2021May 11, 2021329$2.29BATHMRealpage IncBEKE–SEC

13D and 13G filings

Companies where Segantii Capital Management Ltd reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Segantii Capital Management Ltd does not currently report owning 5% or more of any company.

Latest filings

3 filings on file made by Segantii Capital Management Ltd or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Segantii Capital Management Ltd
CompanyFiled (ET)FormStakeChangeEvent dateFiling
Artisan Acquisition Corp.Jan 20, 202213G/AOld format–––SEC
Gesher I Acquisition Corp.Oct 25, 202113GOld format–New–SEC
Artisan Acquisition Corp.May 24, 202113GOld format–New–SEC