Kite Lake Capital Management (UK) LLP

2. Key Holdings

The portfolio is currently dominated by a single "mega-position," highlighting an extreme concentration of risk.

• Silicon Motion Technology Corp. (SIMO): This is the cornerstone of the portfolio, representing a staggering 98.61% of total assets ($34.60M). The firm holds 365,000 shares. While Kite Lake reduced this position by 6.8% (selling $5.17M worth of shares) during the quarter, it remains the overwhelming focus of the fund. This indicates a strong, specific conviction in the semiconductor or data storage sector, viewing SIMO as the primary vehicle for the fund's remaining exposure.
• DISH Network Corporation: This is a residual position, accounting for just 1.39% of the portfolio ($486.19K). The firm aggressively slashed this stake by 87.7%, reducing it by $3.15M. This position appears to be in the process of being fully liquidated, as its minimal value suggests it no longer represents a meaningful part of the investment thesis.