SPRING CREEK CAPITAL LLC

CIK

1451531

Location

WICHITA, KS

Portfolio Value

Small $781,147,671

Diversification

Diversified

Reports for

KOCH INDUSTRIES INC

Filing Date

Global Rank

#1,941 / 6,900 ▼ 277 · as of Mar 2022

Top Industry

Auto Parts 16.8%

Period ended 4 years ago

Filed May 23, 2022 · 4y

9 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2022, never from the firm's own description.

Style

Concentrated

The top 10 positions are 81.1% of the book (60%+)

Turnover

Medium turnover

96.2% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.3 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2022-03-31, active share 98.5%; sector active share 38.0% against the combined 13F book's sector weights.

Over time 9 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

383 tracked positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021

Top Position

15.5%

−22.7 pts

Top 5

56.5%

−19.3 pts

Top 10

81.1%

−9.3 pts

HHI

864

Diversified−1,076

Portfolio Trend

9 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2022

Sector	% Portfolio	Value	Positions
Technology	36.7%	$286,468,280	24
Basic Materials	16.9%	$132,177,481	3
Consumer Cyclical	16.9%	$131,834,900	6
Financial Services	12.2%	$95,451,083	23
Consumer Defensive	8.0%	$62,610,000	2
Industrials	4.7%	$36,959,890	10
Communication Services	2.2%	$17,241,506	4
Unclassified	1.7%	$13,502,031	293
Utilities	0.5%	$3,904,000	2
Healthcare	0.1%	$998,500	14
Energy	0.0%	$0	2

Last Quarter's Activity

Export CSV

Mar 31, 2022 vs Dec 31, 2021

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
—		+2,286,251	3,339,643	$0
HOOD	Robinhood Markets, Inc.	+1,932,667	3,411,841	$46,093,971
RCLF	Spectral AI, Inc.	+200,000	500,000	$0
—		+151,346	210,146	$0
CLAY	Mobix Labs, Inc	+97,128	197,128	$0
—		+97,112	2,933,424	$0
ROG	Rogers Corp	+96,146	446,146	$121,217,868
—		+92,200	392,200	$0
—		+88,569	688,569	$0
—		+66,400	116,400	$0
—		+60,000	160,000	$0
—		+56,352	256,352	$0
—		+50,000	450,000	$0
—		+3,000	48,000	$0
SPY	Spdr S&P 500 ETF Trust	+500	2,500	$1,129,100
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
CLAQ	Nauticus Robotics, Inc.	−250,000	250,000	$0
—		−200,000	320,959	$0
—		−200,000	200,000	$0
XPEV	Xpeng Inc.	−80,597	110,000	$3,034,900
—		−70,326	513,934	$0
KINZ	CXApp Inc.	−50,000	73,500	$0
TINV	Grindr Inc.	−25,000	75,000	$0
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BRCC	BRC Inc.	3,000,000	$62,610,000
SES	SES AI Corp	5,000,000	$45,250,000
BZ	Kanzhun Ltd	692,152	$17,241,506
AI	C3.ai, Inc.	606,302	$13,763,055
—		500,000	$4,965,000
—		397,000	$3,946,180
ATEK	Athena Technology Acquisition Corp. II	400,000	$3,912,000
AEAE	AltEnergy Acquisition Corp	300,000	$2,985,000
—		250,000	$2,475,000
BLND	Blend Labs, Inc.	370,786	$2,113,480
BYNOU	byNordic Acquisition Corp	74,488	$742,645
—		46,455	$457,117
—		500,000	$0
—		275,000	$0
—		500,000	$0
—		100,000	$0
—		200,000	$0
—		450,000	$0
—		375,000	$0
—		100,000	$0
LGTO	Southland Holdings, Inc.	400,000	$0
—		700,000	$0
—		100,000	$0
—		150,000	$0
—		200,000	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

24 positions

Ticker	Company	Shares	Value
GFS	GLOBALFOUNDRIES Inc.	6,382,978	$414,702,080
ATEKU	Athena Technology Acquisition Corp. II	400,000	$3,988,000
AEAEU	AltEnergy Acquisition Corp	300,000	$3,027,000
—		302,270	$0
—		200,000	$0
—		10,087	$0
—		95,000	$0
—		750,000	$0
—		700,000	$0
—		216,093	$0
DNAC	Prokidney Corp.	35,000	$0
—		50,000	$0
—		200,000	$0
—		20,000	$0
—		914,947	$0
SEATW	Vivid Seats Inc.	100,000	$0
—		70,000	$0
AUROW	Aurora Innovation, Inc.	75,000	$0
—		50,000	$0
—		400,000	$0
—		566,500	$0
—		350,000	$0
—		41,608	$0
—		225,000	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

383 tracked positions · $781,147,671 total · filing declares 23 positions · $2,530,724,000 · as of Mar 31, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 383 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
ROG	Rogers Corp Technology	Added	446,146	+96,146	$121,217,868	+26.9%	2	$249.61	15.52%
ASPN	Aspen Aerogels Inc Basic Materials	Held	3,462,124	0	$119,374,035	−30.7%	4	$20.41	15.28%
INTC	Intel Corp Technology	Held	1,856,045	0	$91,985,590	−3.8%	2	$51.13	11.78%
BRCC	BRC Inc. Consumer Defensive	NEW	3,000,000	NEW	$62,610,000	NEW	1	$17.65	8.02%
HOOD	Robinhood Markets, Inc. Financial Services	Added	3,411,841	+1,932,667	$46,093,971	+75.5%	2	$20.92	5.90%
SES	SES AI Corp Consumer Cyclical	NEW	5,000,000	NEW	$45,250,000	NEW	1	$7.54	5.79%
SLDP	Solid Power, Inc. Consumer Cyclical	Held	5,000,000	0	$43,350,000	−0.8%	2	$11.06	5.55%
MVST	Microvast Holdings, Inc. Consumer Cyclical	Held	6,000,000	0	$40,200,000	+18.4%	3	$10.47	5.15%
NN	Nextnav Inc. Technology	Held	5,000,000	0	$37,450,000	−14.5%	2	$9.08	4.79%
PL	Planet Labs PBC Industrials	Held	5,187,000	0	$26,349,960	−17.4%	2	$9.47	3.37%
CNDA	Concord Acquisition Corp II Financial Services	Held	2,000,000	0	$19,360,000	−0.7%	2	$9.81	2.48%
BZ	Kanzhun Ltd Communication Services	NEW	692,152	NEW	$17,241,506	NEW	1	$29.11	2.21%
AI	C3.ai, Inc. Technology	NEW	606,302	NEW	$13,763,055	NEW	1	$24.08	1.76%
CMP	Compass Minerals International Inc Basic Materials	Held	203,909	0	$12,803,446	+22.9%	2	$60.98	1.64%
SMRT	SmartRent, Inc. Technology	Held	2,469,813	0	$12,497,253	−47.7%	3	$12.80	1.60%
EOSE	Eos Energy Enterprises, Inc. Industrials	Held	2,538,261	0	$10,609,930	−44.4%	5	$21.33	1.36%
SLAMF	Slam Corp. Financial Services	Held	1,000,000	0	$9,770,000	+0.5%	4	$9.76	1.25%
CDAQF	Compass Digital Acquisition Corp. Financial Services	Held	980,000	0	$9,457,000	+0.3%	2	unpriced	1.21%
		NEW	500,000	NEW	$4,965,000	NEW	1	unpriced	0.64%
NRDY	Nerdy Inc. Technology	Held	800,000	0	$4,072,000	+13.1%	3	$10.10	0.52%
		NEW	397,000	NEW	$3,946,180	NEW	1	$9.91	0.51%
ATEK	Athena Technology Acquisition Corp. II Financial Services	NEW	400,000	NEW	$3,912,000	NEW	1	unpriced	0.50%
OKLO	Oklo Inc. Utilities	Held	400,000	0	$3,904,000	−0.9%	3	$9.87	0.50%
CMRC	Commerce.com, Inc. Technology	Held	153,767	0	$3,369,034	−38.1%	5	unpriced	0.43%
XPEV	Xpeng Inc. Consumer Cyclical	Reduced	110,000	-80,597	$3,034,900	−68.4%	2	$45.08	0.39%
AEAE	AltEnergy Acquisition Corp Financial Services	NEW	300,000	NEW	$2,985,000	NEW	1	$9.89	0.38%
		NEW	250,000	NEW	$2,475,000	NEW	1	$9.85	0.32%
BLND	Blend Labs, Inc. Technology	NEW	370,786	NEW	$2,113,480	NEW	1	$7.75	0.27%
PLMJF	Plum Acquisition Corp. III Financial Services	Held	200,000	0	$1,937,600	−0.1%	3	unpriced	0.25%
SPY	Spdr S&P 500 ETF Trust	Added	2,500	+500	$1,129,100	+18.9%	2	$456.30	0.14%
CERO	Cero Therapeutics Holdings, Inc. Healthcare	Held	100,000	0	$998,500	+0.8%	2	unpriced	0.13%
BYNOU	byNordic Acquisition Corp Financial Services	NEW	74,488	NEW	$742,645	NEW	1	$9.95	0.10%
JWSMF	Jaws Mustang Acquisition Corp Financial Services	Held	75,000	0	$735,750	+0.6%	4	$9.86	0.09%
		Held	51,154	0	$498,751	+0.4%	4	$9.67	0.06%
		Held	50,000	0	$488,000	+0.3%	4	$9.67	0.06%
		NEW	46,455	NEW	$457,117	NEW	1	$9.80	0.06%
		Held	100,000	0	$0	—	4	unpriced	0.00%
		Held	70,000	0	$0	—	4	unpriced	0.00%
		NEW	1,000,000	NEW	$0	NEW	1	unpriced	0.00%
		Held	100,000	0	$0	—	4	unpriced	0.00%
PLMWF	Plum Acquisition Corp. III Financial Services	Held	66,666	0	$0	—	3	unpriced	0.00%
		Held	1,850,000	0	$0	—	2	unpriced	0.00%
		Held	50,000	0	$0	—	4	unpriced	0.00%
		Held	150,210	0	$0	—	4	unpriced	0.00%
		Held	500,000	0	$0	—	4	unpriced	0.00%
		Held	100,000	0	$0	—	4	unpriced	0.00%
RONI	Net Power Inc. Industrials	Held	300,000	0	$0	—	3	unpriced	0.00%
		NEW	250,000	NEW	$0	NEW	1	unpriced	0.00%
		Held	150,000	0	$0	—	4	unpriced	0.00%
		Held	150,000	0	$0	—	5	unpriced	0.00%

Showing the top 50 of 383 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.