Key Square Capital Management LLC
CIK
1662970
Location
New York, NY
Portfolio Value
Small
$528,653,631
Diversification
Highly concentrated
Filing Date
Global Rank
#2,166
/ 7,296
▲ 4392
Top Industry
Railroads
36.9%
3Y Alpha vs SPY
-20.4%
Period ended 2 years ago
Filed May 15, 2024 · 2y
17 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+1.3%
SPY
+76.3%
Annualised alpha
-20.4%
Max drawdown
−42.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
5 positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023Top Position
97.4%
+26.9 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
9,494
Highly concentrated+3,651
Portfolio Trend
17 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 98.2% | $519,262,688 |
| Industrials | 0.7% | $3,467,613 |
| Basic Materials | 0.6% | $3,163,520 |
| Consumer Cyclical | 0.5% | $2,759,810 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarter
5 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| QQQ | Invesco Qqq Trust, Series 1 | 1,160,000 | $515,051,600 | |
| GLD | Spdr Gold Trust | 20,470 | $4,211,088 | |
| UNP | Union Pacific Corp | 14,100 | $3,467,613 | |
| LYB | LyondellBasell Industries N.V. | 30,930 | $3,163,520 | |
| BABA | Alibaba Group Holding Ltd | 38,140 | $2,759,810 | |
| No positions match the current search. | ||||
5 positions ·
$528,653,631 total
· as of Mar 31, 2024
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| QQQ |
Invesco Qqq Trust, Series 1
|
NEW | 1,160,000 | $515,051,600 | 97.43% | |
| GLD |
Spdr Gold Trust
|
NEW | 20,470 | $4,211,088 | 0.80% | |
| UNP |
Union Pacific Corp
Industrials
|
NEW | 14,100 | $3,467,613 | 0.66% | |
| LYB |
LyondellBasell Industries N.V.
Basic Materials
|
NEW | 30,930 | $3,163,520 | 0.60% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
NEW | 38,140 | $2,759,810 | 0.52% |