Kent Lake Capital LLC

CIK

1777141

Location

MILL VALLEY, CA

Portfolio Value

Small $174,422,344

Diversification

Diversified

Filing Date

Global Rank

#5,326 / 7,434 ▼ 210 · as of Jun 2024

Top Industry

Medical Devices 27.5%

Period ended 2 years ago

Filed Aug 14, 2024 · 2y

15 quarters · since Dec 2020

Regulatory profile

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

Holder type

Unknown

13F reports continue under

Kent Lake PR LLC from Sep 30, 2024

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 53.1%, 25.1 effective positions, active share 99.0% against the S&P SmallCap 600 as of 2024-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

107.6% over the last four quarters (100%+)

Horizon

Medium horizon

Value-weighted holding period 4.5 quarters (4 to under 12)

Closest benchmark: the S&P SmallCap 600 as of 2024-06-30, active share 99.0%; sector active share 53.6% against the combined 13F book's sector weights.

Over time 15 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.

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Portfolio Concentration

43 tracked positions · as of Jun 30, 2024 · Δ vs Mar 31, 2024

Top Position

7.5%

−0.3 pts

Top 5

30.1%

−1.6 pts

Top 10

53.1%

−1.4 pts

HHI

399

Diversified−20

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2024

Sector	% Portfolio	Value	Positions
Healthcare	64.0%	$111,651,088	25
Technology	20.6%	$35,956,228	6
Communication Services	9.3%	$16,272,373	3
Consumer Cyclical	3.6%	$6,311,406	2
Industrials	1.4%	$2,367,283	2
Consumer Defensive	1.1%	$1,863,966	1
Unclassified	0.0%	$0	4

Last Quarter's Activity

Export CSV

Jun 30, 2024 vs Mar 31, 2024

Added To

Positions the filer increased

17 positions

Ticker	Company	Δ Shares	Shares	Value
STIM	Neuronetics, Inc.	+716,951	1,738,102	$3,128,583
CDXS	Codexis, Inc.	+670,601	1,300,000	$4,030,000
STLN	Starling Oncology, Inc.	+563,287	1,750,000	$805,000
UEIC	Universal Electronics Inc	+550,268	708,879	$8,237,173
VMD	Viemed Healthcare, Inc.	+549,644	1,138,895	$7,459,762
NPCE	NeuroPace Inc	+500,625	1,144,254	$8,650,560
OABI	OmniAb, Inc.	+500,000	800,000	$3,000,000
—		+438,911	883,785	$0
ADV	Advantage Solutions Inc.	+403,184	1,869,060	$6,018,373
SIBN	SI-BONE, Inc.	+378,695	800,000	$10,344,000
—		+250,000	1,250,000	$0
—		+250,000	1,500,000	$0
CCSI	Consensus Cloud Solutions, Inc.	+194,255	340,017	$5,841,492
LFWD	Lifeward Ltd.	+129,919	287,280	$1,151,992
EGHT	8X8 Inc	+109,078	1,447,397	$3,213,221
KD	Kyndryl Holdings, Inc.	+100,000	500,000	$13,155,000
INNV	InnovAge Holding Corp.	+17,265	1,767,265	$8,765,634
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
SEER	Seer, Inc.	−250,000	500,000	$840,000
PNTG	Pennant Group, Inc.	−125,000	425,000	$9,855,750
VCEL	Vericel Corp	−100,000	100,000	$4,588,000
FVRR	Fiverr International Ltd.	−50,000	300,000	$7,029,000
XPEL	XPEL, Inc.	−25,132	34,868	$1,239,906
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
—		4,000,000	$9,200,000
ATRC	AtriCure, Inc.	250,000	$5,692,500
AHCO	AdaptHealth Corp.	500,000	$5,000,000
TMCI	Treace Medical Concepts, Inc.	750,000	$4,987,500
ANGO	Angiodynamics Inc	750,000	$4,537,500
UPWK	Upwork, Inc	300,000	$3,225,000
INGN	Inogen Inc	289,749	$2,355,659
LUNG	Pulmonx Corp	328,291	$2,081,364
EBS	Emergent BioSolutions Inc.	300,000	$2,046,000
ATRO	Astronics Corp	100,000	$1,918,272
SKIN	SkinHealth Systems Inc.	970,816	$1,863,966
ARAY	Accuray Inc	1,000,000	$1,820,000
HHS	Harte Hanks Inc	55,297	$449,011
ORGO	Organogenesis Holdings Inc.	151,905	$425,334
—		639,775	$0
—		1,000,000	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
XPOF	Xponential Fitness, Inc.	882,443	$14,595,607
FORR	Forrester Research, Inc.	532,152	$11,473,197
VAL	Valaris Ltd	150,000	$11,289,000
GDOT	Green Dot Corp	800,000	$7,464,000
TH	Target Hospitality Corp.	500,000	$5,435,000
PHIN	Phinia Inc.	125,000	$4,803,750
CDLX	Cardlytics, Inc.	250,000	$3,622,500
NRDY	Nerdy Inc.	1,000,000	$2,910,000
TMDX	TransMedics Group, Inc.	30,000	$2,218,200
AXGN	Axogen, Inc.	200,348	$1,616,808
PAR	Par Technology Corp	35,615	$1,615,496
—		200,000	$0
—		250,000	$0
—		200,000	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

43 tracked positions · $174,422,344 total · filing declares 44 positions · $221,759,179 · as of Jun 30, 2024

All sectors Communication Services Consumer Cyclical Consumer Defensive Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
KD	Kyndryl Holdings, Inc. Technology	Added	500,000	+100,000	$13,155,000	+51.1%	7	$14.01	7.54%
SIBN	SI-BONE, Inc. Healthcare	Added	800,000	+378,695	$10,344,000	+50.0%	6	$16.24	5.93%
ENSG	Ensign Group, Inc Healthcare	Held	80,000	0	$9,895,200	−0.6%	15	before history	5.67%
PNTG	Pennant Group, Inc. Healthcare	Reduced	425,000	-125,000	$9,855,750	−8.7%	5	$12.43	5.65%
		NEW	4,000,000	NEW	$9,200,000	NEW	1	$2.88	5.27%
INNV	InnovAge Holding Corp. Healthcare	Added	1,767,265	+17,265	$8,765,634	+12.8%	8	$5.30	5.03%
NPCE	NeuroPace Inc Healthcare	Added	1,144,254	+500,625	$8,650,560	+1.8%	6	$7.64	4.96%
UEIC	Universal Electronics Inc Technology	Added	708,879	+550,268	$8,237,173	+418.8%	2	$10.71	4.72%
VMD	Viemed Healthcare, Inc. Healthcare	Added	1,138,895	+549,644	$7,459,762	+34.2%	2	$8.07	4.28%
FVRR	Fiverr International Ltd. Communication Services	Reduced	300,000	-50,000	$7,029,000	−4.7%	5	$28.25	4.03%
ADV	Advantage Solutions Inc. Communication Services	Added	1,869,060	+403,184	$6,018,373	−5.2%	5	$2.49	3.45%
CCSI	Consensus Cloud Solutions, Inc. Technology	Added	340,017	+194,255	$5,841,492	+152.7%	2	$16.93	3.35%
ATRC	AtriCure, Inc. Healthcare	NEW	250,000	NEW	$5,692,500	NEW	1	$23.08	3.26%
LUCK	Lucky Strike Entertainment Corp Consumer Cyclical	Held	350,000	0	$5,071,500	+5.8%	5	$11.39	2.91%
AHCO	AdaptHealth Corp. Healthcare	NEW	500,000	NEW	$5,000,000	NEW	1	$10.16	2.87%
TMCI	Treace Medical Concepts, Inc. Healthcare	NEW	750,000	NEW	$4,987,500	NEW	1	$8.08	2.86%
SILC	Silicom Ltd. Technology	Held	315,000	0	$4,762,800	+1.8%	3	$18.32	2.73%
VCEL	Vericel Corp Healthcare	Reduced	100,000	-100,000	$4,588,000	−55.9%	6	$30.59	2.63%
ANGO	Angiodynamics Inc Healthcare	NEW	750,000	NEW	$4,537,500	NEW	1	$6.17	2.60%
CDXS	Codexis, Inc. Healthcare	Added	1,300,000	+670,601	$4,030,000	+83.5%	2	$3.18	2.31%
UPWK	Upwork, Inc Communication Services	NEW	300,000	NEW	$3,225,000	NEW	1	$11.35	1.85%
EGHT	8X8 Inc Technology	Added	1,447,397	+109,078	$3,213,221	−11.1%	3	$2.93	1.84%
STIM	Neuronetics, Inc. Healthcare	Added	1,738,102	+716,951	$3,128,583	−35.6%	8	$2.68	1.79%
OABI	OmniAb, Inc. Healthcare	Added	800,000	+500,000	$3,000,000	+84.5%	5	$4.37	1.72%
INGN	Inogen Inc Healthcare	NEW	289,749	NEW	$2,355,659	NEW	1	$7.74	1.35%
LUNG	Pulmonx Corp Healthcare	NEW	328,291	NEW	$2,081,364	NEW	1	$7.69	1.19%
EBS	Emergent BioSolutions Inc. Healthcare	NEW	300,000	NEW	$2,046,000	NEW	1	$4.30	1.17%
ATRO	Astronics Corp Industrials	NEW	100,000	NEW	$1,918,272	NEW	1	$17.83	1.10%
SKIN	SkinHealth Systems Inc. Consumer Defensive	NEW	970,816	NEW	$1,863,966	NEW	1	$2.82	1.07%
ARAY	Accuray Inc Healthcare	NEW	1,000,000	NEW	$1,820,000	NEW	1	$1.91	1.04%
XPEL	XPEL, Inc. Consumer Cyclical	Reduced	34,868	-25,132	$1,239,906	−61.7%	15	before history	0.71%
LFWD	Lifeward Ltd. Healthcare	Added	287,280	+129,919	$1,151,992	+40.0%	3	unpriced	0.66%
QTRX	Quanterix Corp Healthcare	Held	75,000	0	$990,750	−43.9%	8	$12.56	0.57%
SEER	Seer, Inc. Healthcare	Reduced	500,000	-250,000	$840,000	−41.1%	2	$1.80	0.48%
STLN	Starling Oncology, Inc. Healthcare	Added	1,750,000	+563,287	$805,000	−57.1%	4	$1.39	0.46%
AVNW	Aviat Networks, Inc. Technology	Held	26,021	0	$746,542	−25.2%	7	$32.05	0.43%
HHS	Harte Hanks Inc Industrials	NEW	55,297	NEW	$449,011	NEW	1	$7.29	0.26%
ORGO	Organogenesis Holdings Inc. Healthcare	NEW	151,905	NEW	$425,334	NEW	1	$2.68	0.24%
		Added	883,785	+438,911	$0	—	2	unpriced	0.00%
		Added	1,250,000	+250,000	$0	—	6	unpriced	0.00%
		NEW	639,775	NEW	$0	NEW	1	unpriced	0.00%
		NEW	1,000,000	NEW	$0	NEW	1	unpriced	0.00%
		Added	1,500,000	+250,000	$0	—	2	unpriced	0.00%

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.