Heptagon Kettle Hill US L/S Equity Fund

Heptagon Kettle Hill US L/S Equity Fund

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22 April 2024
SFDR classification
Article 6
Long/Short Equity - US
Investment Style
Mid Core
Fund Size


The Fund aims to achieve long-term capital growth through investing primarily in US small-capitalisation stocks.

The Fund’s Sub-Investment Manager, Kettle Hill Capital Management, is a long/short equity fund manager, established by Andrew Kurita in 2003 and is located in New York, USA.

The investment style is fundamental bottom up research, combined with macro awareness and a contrarian value investment strategy to deliver superior rates of return in any market environment. The investment philosophy focuses on risk-reward opportunities and inefficiencies in the US small-capitalisation universe. Independent thinking, unique stock selection, excellent fundamental research, and sound investment discipline provide an attractive risk/reward opportunity for the strategy. Andrew Kurita, Kettle Hill’s CIO and Founding Partner, has been successfully managing this investment strategy since inception, and has been investing in small capitalisation stocks since 1996. He is supported by a well resourced team of experienced investment professionals.

Philosophy of the Kettle Hill US L/S Equity Fund

Our latest video, featuring Andrew Kurita, Kettle Hill Capital Management’s Founding Partner, CIO and Portfolio Manager, dives further into the philosophy behind the Kettle Hill US L/S Equity Fund, a sub-fund on Heptagon's UCITS offering. The Fund aims to identify stocks with potentially powerful, non-consensus catalysts through a contrarian value approach whilst utilizing a growth investor tool kit.

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Key stats

The below shows the information for the share class selected in the drop down box directly below the name of the fund. You can use the drop down box to view information relating to other share classes listed in the fund. A full list of all currency share classes is available on request.

Investment Team LocationNew York, USA
Fund SizeUSD95m
Long Exposure % (# holdings)70.1% (39)
Short Exposure % (# holdings)18.2% (11)
Net / gross exposure51.90% / 88.30%
Fund Launch05 October 2017
Fund StatusOpen to all investors
Share Class Launch09 November 2017
Share Class StatusOpen to all investors
Fund CurrencyUSD
Share Class CCYUSD
Management Fee1.5%
Performance Fee15%
Min. InvestmentUSD2,000,000
Fund TypeUCITS
AdministratorBBH Fund Administration Services (Ireland) Ltd
DepositaryBBH Trustee Services (Ireland) Ltd
AuditorGrant Thornton
Dealing FrequencyDaily
Risk Management
Lower RiskHigher Risk



Past performance is no guide to future performance and the value of investment and income from them can fall as well as rise.

Kettle Hill US L/S Equity Fund Q4 2023 Webcast

Top Five Holdings

As of 29 February 2024
NameWeight %
1Zoom Video Communications, Inc.4.9
2Meta Platforms, Inc.4.6
3TKO Group Holdings, Inc.4.4
4Kimco Realty Corporation4.3

Exposure Breakdowns

As of 29 February 2024
TypeLong %Short %Net %
Communication Services12.700.0012.70
Consumer Discretionary9.10-2.506.60
Consumer Staples0.00-1.00-1.00
Health Care0.000.000.00
Information Technology26.90-1.8025.10
Real estate11.50-1.3010.20

Fund Manager

andrew kurita
Andrew Kurita

Portfolio Manager and CIO

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