Kent Lake Capital LLC

CIK

1777141

Location

MILL VALLEY, CA

Portfolio Value

Small $325,679,399

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,848 / 7,299 ▼ 141

Top Industry

Advertising Agencies 46.2%

3Y Alpha vs SPY

-19.7%

Period ended 1 year ago

Filed Aug 14, 2024 · 1y

15 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+3.3%

SPY

+76.3%

Annualised alpha

-19.7%

Max drawdown

−39.4%

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

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

Top Position

46.2%

+0.7 pts

Top 5

59.5%

+0.2 pts

Top 10

72.6%

+0.3 pts

HHI

2,251

Moderately concentrated+60

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2024

Sector	% Portfolio	Value	Positions
Communication Services	49.3%	$160,713,330	3
Healthcare	36.3%	$118,382,458	24
Technology	11.0%	$35,956,228	6
Consumer Cyclical	1.9%	$6,311,406	2
Industrials	0.8%	$2,452,011	2
Consumer Defensive	0.6%	$1,863,966	1

Last Quarter's Activity

Export CSV

Jun 30, 2024 vs Mar 31, 2024

Added To

Positions the filer increased

14 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
TOI	Oncology Institute, 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
EHAB	Enhabit, Inc.	+438,911	883,785	$7,883,362
ADV	Advantage Solutions Inc.	+403,184	1,869,060	$150,459,330
SIBN	SI-BONE, Inc.	+378,695	800,000	$10,344,000
CCSI	Consensus Cloud Solutions, Inc.	+194,255	340,017	$5,841,492
EGHT	8X8 Inc /De/	+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

14 positions

Ticker	Company	Shares	Value
TALK	Talkspace, Inc.	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	$2,003,000
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
No positions match the current search.

Sold Out

Positions the filer fully exited

12 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
CVGW	Calavo Growers Inc	250,000	$6,952,500
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
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

38 positions · $325,679,399 total · 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	% of Portfolio
ADV	Advantage Solutions Inc. Communication Services	Added	1,869,060	+403,184	$150,459,330	−5.2%	46.20%
KD	Kyndryl Holdings, Inc. Technology	Added	500,000	+100,000	$13,155,000	+51.1%	4.04%
SIBN	SI-BONE, Inc. Healthcare	Added	800,000	+378,695	$10,344,000	+50.0%	3.18%
ENSG	Ensign Group, Inc Healthcare	Held	80,000	0	$9,895,200	−0.6%	3.04%
PNTG	Pennant Group, Inc. Healthcare	Reduced	425,000	-125,000	$9,855,750	−8.7%	3.03%
TALK	Talkspace, Inc. Healthcare	NEW	4,000,000	NEW	$9,200,000	NEW	2.82%
INNV	InnovAge Holding Corp. Healthcare	Added	1,767,265	+17,265	$8,765,634	+12.8%	2.69%
NPCE	NeuroPace Inc Healthcare	Added	1,144,254	+500,625	$8,650,560	+1.8%	2.66%
UEIC	Universal Electronics Inc Technology	Added	708,879	+550,268	$8,237,173	+418.8%	2.53%
EHAB	Enhabit, Inc. Healthcare	Added	883,785	+438,911	$7,883,362	+52.1%	2.42%
VMD	Viemed Healthcare, Inc. Healthcare	Added	1,138,895	+549,644	$7,459,762	+34.2%	2.29%
FVRR	Fiverr International Ltd. Communication Services	Reduced	300,000	-50,000	$7,029,000	−4.7%	2.16%
CCSI	Consensus Cloud Solutions, Inc. Technology	Added	340,017	+194,255	$5,841,492	+152.7%	1.79%
ATRC	AtriCure, Inc. Healthcare	NEW	250,000	NEW	$5,692,500	NEW	1.75%
LUCK	Lucky Strike Entertainment Corp Consumer Cyclical	Held	350,000	0	$5,071,500	+5.8%	1.56%
AHCO	AdaptHealth Corp. Healthcare	NEW	500,000	NEW	$5,000,000	NEW	1.54%
TMCI	Treace Medical Concepts, Inc. Healthcare	NEW	750,000	NEW	$4,987,500	NEW	1.53%
SILC	Silicom Ltd. Technology	Held	315,000	0	$4,762,800	+1.8%	1.46%
VCEL	Vericel Corp Healthcare	Reduced	100,000	-100,000	$4,588,000	−55.9%	1.41%
ANGO	Angiodynamics Inc Healthcare	NEW	750,000	NEW	$4,537,500	NEW	1.39%
CDXS	Codexis, Inc. Healthcare	Added	1,300,000	+670,601	$4,030,000	+83.5%	1.24%
UPWK	Upwork, Inc Communication Services	NEW	300,000	NEW	$3,225,000	NEW	0.99%
EGHT	8X8 Inc /De/ Technology	Added	1,447,397	+109,078	$3,213,221	−11.1%	0.99%
STIM	Neuronetics, Inc. Healthcare	Added	1,738,102	+716,951	$3,128,583	−35.6%	0.96%
OABI	OmniAb, Inc. Healthcare	Added	800,000	+500,000	$3,000,000	+84.5%	0.92%
INGN	Inogen Inc Healthcare	NEW	289,749	NEW	$2,355,659	NEW	0.72%
LUNG	Pulmonx Corp Healthcare	NEW	328,291	NEW	$2,081,364	NEW	0.64%
EBS	Emergent BioSolutions Inc. Healthcare	NEW	300,000	NEW	$2,046,000	NEW	0.63%
ATRO	Astronics Corp Industrials	NEW	100,000	NEW	$2,003,000	NEW	0.62%
SKIN	SkinHealth Systems Inc. Consumer Defensive	NEW	970,816	NEW	$1,863,966	NEW	0.57%
ARAY	Accuray Inc Healthcare	NEW	1,000,000	NEW	$1,820,000	NEW	0.56%
XPEL	XPEL, Inc. Consumer Cyclical	Reduced	34,868	-25,132	$1,239,906	−61.7%	0.38%
QTRX	Quanterix Corp Healthcare	Held	75,000	0	$990,750	−43.9%	0.30%
SEER	Seer, Inc. Healthcare	Reduced	500,000	-250,000	$840,000	−41.1%	0.26%
TOI	Oncology Institute, Inc. Healthcare	Added	1,750,000	+563,287	$805,000	−57.1%	0.25%
AVNW	Aviat Networks, Inc. Technology	Held	26,021	0	$746,542	−25.2%	0.23%
HHS	Harte Hanks Inc Industrials	NEW	55,297	NEW	$449,011	NEW	0.14%
ORGO	Organogenesis Holdings Inc. Healthcare	NEW	151,905	NEW	$425,334	NEW	0.13%