Meghalaya Partners, L.P. 13F annual report

Meghalaya Partners, L.P. is an investment fund managing more than $13.2 million ran by Katherine Newkirk. There are currently 15 companies in Mrs. Newkirk’s portfolio. The largest investments include Gray Television and Nexstar Media, together worth $3.83 million.

$13.2 million Assets Under Management (AUM)

As of 7th October 2020, Meghalaya Partners, L.P.’s top holding is 121,619 shares of Gray Television currently worth over $1.99 million and making up 15.0% of the portfolio value. Relative to the number of outstanding shares of Gray Television, Meghalaya Partners, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 18,000 shares of Nexstar Media worth $1.84 million, whose value grew 42.0% in the past six months. The third-largest holding is Eldorado Resorts worth $1.5 million and the next is Berry Global worth $1.25 million, with 31,850 shares owned.

Currently, Meghalaya Partners, L.P.'s portfolio is worth at least $13.2 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 Meghalaya Partners, L.P.

The Meghalaya Partners, L.P. office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Katherine Newkirk serves as the Chief Compliance Officer at Meghalaya Partners, L.P..

Recent trades

In the most recent 13F filing, Meghalaya Partners, L.P. revealed that it had opened a new position in HCA Healthcare and bought 5,000 shares worth $602 thousand. This means they effectively own approximately 0.1% of the company. HCA Healthcare makes up 100.0% of the fund's Health Care sector allocation and has grown its share price by 11.3% in the past year.

The investment fund also strengthened its position in Gray Television by buying 4,119 additional shares. This makes their stake in Gray Television total 121,619 shares worth $1.99 million. Gray Television dropped 24.7% in the past year.

On the other hand, there are companies that Meghalaya Partners, L.P. is getting rid of from its portfolio. Meghalaya Partners, L.P. closed its position in Caesars Entmt Corp on 18th November 2019. It sold the previously owned 118,800 shares for $1.4 million. Katherine Newkirk also disclosed a decreased stake in Northern Oil & Gas Inc Nev by 0.2%. This leaves the value of the investment at $980 thousand and 500,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Meghalaya Partners, L.P. are Yorktown Partners Vii, L.P. and Alphagen Securities. They manage $13.3 million and $13.3 million respectively.

Katherine Newkirk investment strategy

Meghalaya Partners, L.P.’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Communication Services — making up 44.4% of the total portfolio value. The fund focuses on investments in the United States as 60.0% of the portfolio companies are based in the United States.

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 27% 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 $9.3 billion.

The complete list of Meghalaya Partners, L.P. trades based on 13F SEC filings

These positions were updated on November 18th 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
Gray Television, Inc.	3.51% 121,619	$1,985,000	14.98%
Nexstar Media Group, Inc.	20.00% 18,000	$1,842,000	13.91%
Eldorado Resorts, Inc.	150.00% 37,500	$1,495,000	11.29%
Caesars Entmt Corp	Closed 118,800	$1,404,000
Berry Global Group, Inc.	6.17% 31,850	$1,251,000	9.44%
Northern Oil & Gas Inc Nev	20.00% 500,000	$980,000	7.40%
Boyd Gaming Corp.	33.33% 40,000	$958,000	7.23%
Hilton Grand Vacations, Inc.	Closed 30,000	$955,000
MGM Resorts International	15.33% 31,750	$880,000	6.64%
Altice USA, Inc.	24.80% 28,200	$809,000	6.11%
Sinclair Broadcast Group, Inc.	6.67% 16,000	$684,000	5.16%
HCA Healthcare, Inc.	Opened 5,000	$602,000	4.54%
Liberty Global Plc	50.00% 22,500	$557,000	4.20%
Penn Natl Gaming Inc	28.57% 25,000	$466,000	3.52%
Transocean Ltd.	No change 75,000	$335,000	2.53%
Avaya Hldgs Corp	23.08% 25,000	$256,000	1.93%
Intelsat S A	Closed 10,000	$195,000
Rosehill Res Inc	0.62% 75,466	$147,000	1.11%
No transactions found
Showing first 500 out of 18 holdings