Pamplona Capital Management, LLC

Key Holdings

The portfolio is overwhelmingly dominated by Latham Group Inc, which accounts for $394.55 million or 95.68% of the total value. The firm holds 51.85 million shares, indicating a massive, foundational bet on this single entity. The second holding, Elastic NV, represents a mere 4.32% of the portfolio, valued at $17.79 million (211,000 shares). This extreme disparity suggests that Latham Group is the primary focus of the firm's capital allocation, while the Elastic position is negligible in comparison. The lack of a third or fourth significant position means the fund's performance is almost entirely correlated with the price action of Latham Group.