# KCL Capital, L.P.

> Institutional holdings reported to the SEC as of Q2 2023 on Form 13F. CIK 1722967. Source: https://holderbook.com/funds/1722967-kcl-capital-l-p/

- Reported value: $714.4M
- Positions: 19
- Weight of the ten largest: 87.2%
- Filed: 2023-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $169.2M | 150,000 | 23.7% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $100.4M | 200,000 | 14.1% | 5 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $75.2M | 750,000 | 10.5% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $69.5M | 700,000 | 9.7% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $52.1M | 400,000 | 7.3% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $50.5M | 300,000 | 7.1% | 3 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $37.8M | 400,000 | 5.3% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $24.4M | 50,000 | 3.4% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $23.8M | 70,000 | 3.3% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $19.7M | 35,000 | 2.8% | 2 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $16.0M | 30,000 | 2.2% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $14.3M | 32,500 | 2.0% | 1 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $13.9M | 200,000 | 1.9% | 5 |
| TENABLE HLDGS INC | [TENB](https://holderbook.com/stocks/TENB/) | $13.1M | 300,000 | 1.8% | 7 |
| HASHICORP INC | [HCP](https://holderbook.com/stocks/HCP/) | $11.8M | 450,000 | 1.6% | 1 |
| JFROG LTD | [FROG](https://holderbook.com/stocks/FROG/) | $8.3M | 300,000 | 1.2% | 1 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $6.3M | 150,000 | 0.9% | 1 |
| FARFETCH LTD | [FTCHQ](https://holderbook.com/stocks/FTCHQ/) | $6.0M | 1,000,000 | 0.8% | 1 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $1.9M | 75,000 | 0.3% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2023 | +15.6% | +8.3% | +7.4% | 100% |
| Q1 2023 | +32.6% | +7.0% | +25.5% | 100% |
| Q4 2022 | +3.4% | +7.1% | -3.7% | 96% |
| Q3 2022 | -11.2% | -5.3% | -5.8% | 100% |
| Q2 2022 | -31.4% | -16.5% | -15.0% | 99% |
| Q1 2022 | -16.1% | -4.9% | -11.2% | 79% |
| Q4 2021 | -2.1% | +10.7% | -12.7% | 94% |
| Q3 2021 | -1.6% | +0.3% | -1.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2023 | $714.4M | 19 |
| Q1 2023 | $748.2M | 28 |
| Q4 2022 | $712.9M | 29 |
| Q3 2022 | $438.2M | 34 |
| Q2 2022 | $681.6M | 31 |
| Q1 2022 | $534.3M | 48 |
| Q4 2021 | $985.3M | 59 |
| Q3 2021 | $2.2B | 49 |
| Q2 2021 | $689.7M | 63 |
| Q1 2021 | $1.1B | 66 |
| Q4 2020 | $1.0B | 126 |
| Q3 2020 | $1.1B | 83 |