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Livermore
Livermore
ZHEN

Kent Lake Capital LLC

SEC CIK
0001777141
Latest filing
Aug 14, 2024

The latest 13F from Kent Lake Capital LLC covers Q2 2024 (filed Aug 14, 2024): 44 long positions worth $221.8M. The top 10 holdings make up 49.1% of the portfolio, and the largest is ZimVie Inc. (ZIMV) at 10.3%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2024

Share counts compared with Q1 2024: 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
16
Est. +$55.9M
Added
18
Est. +$41.8M
Reduced
5
Est. −$9.97M
Sold out
15
Est. −$83.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. ZIMVZimVie Inc.
    10.3%$22.8MHistory
  2. KDKyndryl Holdings, Inc.
    5.9%$13.2MHistory
  3. SIBNSI-BONE, Inc.
    4.7%$10.3MHistory
  4. ENSGEnsign Group, Inc
    4.5%$9.90MHistory
  5. PNTGPennant Group, Inc.
    4.4%$9.86MHistory

Share of portfolio

Top 5 holdings and the other 39 positions, by share of portfolio value

  1. ZIMV10.3%
  2. KD5.9%
  3. SIBN4.7%
  4. ENSG4.5%
  5. PNTG4.4%
  6. Other 39 positions70.2%

Biggest buys

New and added positions, by estimated amount bought

  1. TALKTalkspace, Inc.
    +$9.20MNewHistory
  2. UEICUniversal Electronics Inc
    +$6.39MAddedHistory
  3. ATRCAtriCure, Inc.
    +$5.69MNewHistory
  4. NVRONevro Corp
    +$5.39MNewHistory
  5. AHCOAdaptHealth Corp.
    +$5.00MNewHistory

Largest weight increases

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

  1. TALKTalkspace, Inc.
    +4.15 pp0.0% → 4.1%History
  2. ZIMVZimVie Inc.
    +3.09 pp7.2% → 10.3%History
  3. UEICUniversal Electronics Inc
    +3.02 pp0.7% → 3.7%History
  4. ATRCAtriCure, Inc.
    +2.57 pp0.0% → 2.6%History
  5. NVRONevro Corp
    +2.43 pp0.0% → 2.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XPOFXponential Fitness, Inc.
    −$14.6MSold outHistory
  2. FORRForrester Research, Inc.
    −$11.5MSold outHistory
  3. VALValaris Ltd
    −$11.3MSold outHistory
  4. GDOTGreen Dot Corp
    −$7.46MSold outHistory
  5. EVBGEverbridge, Inc.
    −$6.97MSold outHistory

Largest weight decreases

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

  1. XPOFXponential Fitness, Inc.
    −6.37 pp6.4% → 0.0%History
  2. FORRForrester Research, Inc.
    −5.01 pp5.0% → 0.0%History
  3. VALValaris Ltd
    −4.93 pp4.9% → 0.0%History
  4. GDOTGreen Dot Corp
    −3.26 pp3.3% → 0.0%History
  5. EVBGEverbridge, Inc.
    −3.04 pp3.0% → 0.0%History

Metrics

13F metrics for Q2 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$221.8M
−$7.36M (−3.2%) vs. prior quarter
Positions
44
+1 vs. prior quarter
Top 10 concentration
49.1%
Top 10 as share of value
Turnover
41.4%
Q2 2024, one quarter
Average holding period
4.3 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

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

Peak $261.2M (Q2 2021)

Q1 2021: $245.8MQ2 2021: $261.2MQ3 2021: $232.5MQ4 2021: $193.0MQ1 2022: $160.9MQ2 2022: $181.8MQ3 2022: $152.6MQ4 2022: $167.3MQ1 2023: $147.8MQ2 2023: $217.6MQ3 2023: $256.9MQ4 2023: $258.9MQ1 2024: $229.1MQ2 2024: $221.8M
Q1 2021Q2 2024
13F filings of Kent Lake Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2024Aug 14, 202444$221.8MZIMVKDSIBNvs. Q1 2024SEC
Q1 2024May 15, 202443$229.1MZIMVXPOFFORRvs. Q4 2023SEC
Q4 2023Feb 14, 202447$258.9MZIMVMDRXKDvs. Q3 2023SEC
Q3 2023Nov 14, 202350$256.9MTHZIMVMDRXvs. Q2 2023SEC
Q2 2023Aug 14, 202350$217.6MZIMVTHMDRXvs. Q1 2023SEC
Q1 2023May 15, 202335$147.8MENSGZIMVINNVvs. Q4 2022SEC
Q4 2022Feb 14, 202338$167.3MTMDXTHXPELvs. Q3 2022SEC
Q3 2022Nov 14, 202237$152.6MTHXPELTMDXvs. Q2 2022SEC
Q2 2022Aug 15, 202247$181.8MTMDXUPWKEGANvs. Q1 2022SEC
Q1 2022May 16, 202239$160.9MFRGXPELENSGvs. Q4 2021SEC
Q4 2021Feb 14, 202236$193.0MSSTKXPELUPWKvs. Q3 2021SEC
Q3 2021Nov 15, 202131$232.5MSSTKUPWKXPELvs. Q2 2021SEC
Q2 2021Aug 16, 202128$261.2MSSTKUPWKXPELvs. Q1 2021SEC
Q1 2021May 18, 2021Amended30$245.8MUPWKSSTKAHCO–SECSEC

13D and 13G filings

Companies where Kent Lake Capital LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Kent Lake Capital LLC does not currently report owning 5% or more of any company.

Latest filings

21 filings on file made by Kent Lake Capital LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Kent Lake Capital LLC
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
VAPOVapotherm IncNov 14, 20242:59 PM ETKent Lake PR LLCand 3 others13G0.00%0 sharesNewBelow 5%Sep 30, 2024SEC
SILCSilicom Ltd.Nov 14, 20242:53 PM ETKent Lake PR LLCand 3 others13G0.00%0 sharesNewBelow 5%Sep 30, 2024SEC
MDRXVeradigm Inc.Nov 14, 20242:47 PM ETKent Lake PR LLCand 3 others13G4.80%5.13M sharesNewBelow 5%Sep 30, 2024SEC
UEICUniversal Electronics IncNov 14, 20242:39 PM ETKent Lake PR LLCand 3 others13G7.80%1.01M sharesNewSep 30, 2024SEC
STIMNeuronetics, Inc.Nov 14, 20242:32 PM ETKent Lake PR LLCand 3 others13G6.90%2.08M sharesNewSep 30, 2024SEC
RGSRegis CorpAug 8, 20245:16 PM ETKent Lake Capital LLCand 2 others13G/A4.90%111.5K shares−0.40 ppfrom 5.30%Below 5%Aug 5, 2024SEC
RGSRegis CorpAug 8, 20244:47 PM ETKent Lake Capital LLCand 2 others13G5.30%120.0K sharesNewJul 29, 2024SEC
UEICUniversal Electronics IncJun 28, 2024Kent Lake Capital LLC13GOld format–New–SEC
STIMNeuronetics, Inc.Jun 28, 2024Kent Lake Capital LLC13GOld format–––SEC
MDRXVeradigm Inc.May 16, 2024Kent Lake Capital LLC13DOld format–––SEC
SILCSilicom Ltd.May 10, 2024Kent Lake Capital LLC13GOld format–New–SEC
MDRXVeradigm Inc.Mar 12, 2024Kent Lake Capital LLC13GOld format–New–SEC
VAPOVapotherm IncFeb 15, 2024Kent Lake Capital LLC13G/AOld format–––SEC
STIMNeuronetics, Inc.Feb 14, 2024Kent Lake Capital LLC13G/AOld format–––SEC
ZIMVZimVie Inc.Feb 14, 2024Kent Lake Capital LLC13G/AOld format–––SEC
VAPOVapotherm IncNov 2, 2023Kent Lake Capital LLC13GOld format–New–SEC
STIMNeuronetics, Inc.Sep 22, 2023Kent Lake Capital LLC13GOld format–––SEC
ZIMVZimVie Inc.Apr 20, 2023Kent Lake Capital LLC13GOld format–New–SEC
STIMNeuronetics, Inc.Feb 14, 2022Kent Lake Capital LLC13G/AOld format–––SEC
SSKNSTRATA Skin Sciences, Inc.Feb 16, 2021Kent Lake Capital LLC13G/AOld format–––SEC