Kent Lake Capital is an investment fund managing more than $193 million ran by Benjamin Natter. There are currently 36 companies in Mr. Natter’s portfolio. The largest investments include Shutterstock Inc and XPEL Inc, together worth $38 million.
As of 8th August 2022, Kent Lake Capital’s top holding is 204,506 shares of Shutterstock Inc currently worth over $22.7 million and making up 11.8% of the portfolio value.
Relative to the number of outstanding shares of Shutterstock Inc, Kent Lake Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 224,117 shares of XPEL Inc worth $15.3 million, whose value grew 25.1% in the past six months.
The third-largest holding is Upwork Inc worth $14.2 million and the next is Franchise worth $14.1 million, with 270,000 shares owned.
Currently, Kent Lake Capital's portfolio is worth at least $193 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.
The Kent Lake Capital office and employees reside in Reno, Nevada. According to the last 13-F report filed with the SEC, Benjamin Natter serves as the Managing Member at Kent Lake Capital.
In the most recent 13F filing, Kent Lake Capital revealed that it had opened a new position in
LHC Inc and bought 51,926 shares worth $7.13 million.
This means they effectively own approximately 0.1% of the company.
LHC Inc makes up
15.1%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Franchise by buying
55,000 additional shares.
This makes their stake in Franchise total 270,000 shares worth $14.1 million.
Franchise dropped approximately 0.1% in the past year.
On the other hand, there are companies that Kent Lake Capital is getting rid of from its portfolio.
Kent Lake Capital closed its position in Tremor Intl Ltd on 15th August 2022.
It sold the previously owned 594,720 shares for $11 million.
Benjamin Natter also disclosed a decreased stake in Shutterstock Inc by 0.1%.
This leaves the value of the investment at $22.7 million and 204,506 shares.
The two most similar investment funds to Kent Lake Capital are Platform Technology Partners and Hollow Brook Wealth Management. They manage $182 million and $182 million respectively.
Kent Lake Capital’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 28.4% of
the total portfolio value.
The fund focuses on investments in the United States as
61.1% 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
6% of the total holdings value.
On the other hand, small-cap stocks make up only 2.8% of the portfolio.
The average market cap of the portfolio companies is close to $5.87 billion.
These positions were updated on August 15th 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 |
|---|---|---|---|
| Shutterstock Inc |
10.97%
204,506
|
$22,676,000 | 11.75% |
| XPEL Inc |
No change
224,117
|
$15,303,000 | 7.93% |
| Upwork Inc |
No change
415,000
|
$14,176,000 | 7.35% |
| Franchise Group, Inc. |
25.58%
270,000
|
$14,083,000 | 7.30% |
| Tremor Intl Ltd |
Closed
594,720
|
$10,984,000 | |
| Fiverr Intl Ltd |
Closed
50,000
|
$9,134,000 | |
| Vericel Corp |
No change
227,389
|
$8,936,000 | 4.63% |
| Everi Holdings Inc |
13.98%
400,000
|
$8,540,000 | 4.43% |
| LHC Group Inc |
Opened
51,926
|
$7,126,000 | 3.69% |
| Ensign Group Inc |
37.78%
84,000
|
$7,053,000 | 3.66% |
| Livevox Holding Inc |
Closed
1,055,133
|
$6,879,000 | |
| Integer Hldgs Corp |
6.25%
75,000
|
$6,419,000 | 3.33% |
| Neuronetics Inc |
Closed
930,709
|
$6,105,000 | |
| Monarch Casino Resort Inc |
18.19%
80,000
|
$5,916,000 | 3.07% |
| Encompass Health Corp |
18.18%
90,000
|
$5,873,000 | 3.04% |
| Addus HomeCare Corporation |
54.07%
62,000
|
$5,798,000 | 3.00% |
| Grand Canyon Ed Inc |
Opened
65,000
|
$5,571,000 | 2.89% |
| QuidelOrtho Corporation |
Opened
40,000
|
$5,400,000 | 2.80% |
| AdaptHealth Corp. |
51.81%
200,000
|
$4,892,000 | 2.54% |
| Criteo S.A |
Closed
129,760
|
$4,756,000 | |
| Altimeter Growth Corp. 2 |
4.10%
469,928
|
$4,633,000 | 2.40% |
| ON24, Inc. |
Closed
229,395
|
$4,574,000 | |
| NortonLifeLock Inc |
250.00%
175,000
|
$4,547,000 | 2.36% |
| Green Dot Corp. |
Closed
85,000
|
$4,278,000 | |
| Pennant Group Inc |
Closed
151,859
|
$4,266,000 | |
| Goodyear Tire Rubr Co |
Opened
200,000
|
$4,264,000 | 2.21% |
| Magnite Inc |
Closed
150,000
|
$4,200,000 | |
| Uber Technologies Inc |
Opened
100,000
|
$4,193,000 | 2.17% |
| Progress Software Corp. |
Opened
85,000
|
$4,103,000 | 2.13% |
| eGain Corp |
Opened
400,000
|
$3,992,000 | 2.07% |
| Caesars Entertainment Inc Ne |
Closed
35,000
|
$3,930,000 | |
| Aveanna Healthcare Hldgs Inc |
Closed
443,105
|
$3,554,000 | |
| Sportsmans Whse Hldgs Inc |
Opened
275,000
|
$3,245,000 | 1.68% |
| 1stdibs Com Inc |
Opened
250,000
|
$3,128,000 | 1.62% |
| Performant Finl Corp |
Opened
1,120,000
|
$2,699,000 | 1.40% |
| Supernus Pharmaceuticals Inc |
Closed
100,000
|
$2,667,000 | |
| Halozyme Therapeutics Inc. |
Opened
60,000
|
$2,413,000 | 1.25% |
| DaVita Inc |
Opened
20,000
|
$2,275,000 | 1.18% |
| Cavco Inds Inc Del |
Opened
6,876
|
$2,184,000 | 1.13% |
| Stereotaxis, Inc. |
Opened
350,000
|
$2,170,000 | 1.12% |
| International Mny Express In |
Opened
125,000
|
$1,995,000 | 1.03% |
| The Odp Corp |
Opened
50,000
|
$1,964,000 | 1.02% |
| Amedisys Inc. |
Closed
12,849
|
$1,916,000 | |
| Bottomline Tech Del Inc |
Opened
33,328
|
$1,882,000 | 0.98% |
| Tenneco, Inc. |
61.67%
150,000
|
$1,695,000 | 0.88% |
| Apria Inc |
Closed
40,525
|
$1,506,000 | |
| Semler Scientific Inc |
75.00%
15,000
|
$1,375,000 | 0.71% |
| Arlo Technologies Inc |
Opened
100,000
|
$1,049,000 | 0.54% |
| Innovage Hldg Corp |
Opened
200,000
|
$1,000,000 | 0.52% |
| CarParts.com Inc |
Closed
50,000
|
$781,000 | |
| Universal Technical Inst Inc |
Opened
50,000
|
$391,000 | 0.20% |
| No transactions found | |||
| Showing first 500 out of 51 holdings | |||