Top funds
No. 5 this year · Hedge fund · London

Melqart

Run by Michel Massoud since 2015. Buys companies that have agreed to be taken over, betting each deal goes through at the promised price.
If you’d given them $1,000 on January 1, by June 30 you’d have
$1,291
29.1% in 2026, through Jun 30
The rose 9.6% over the same months (not counting dividends, the cash some companies pay their owners).
As reported by Bloomberg via Hedgeweek, for Jan 1 – Jun 30, 2026 · Melqart Opportunities

Their record

In 2025:
$1,000
$1,451
(+45.1%)
The S&P 500 rose 16.4% in 2025 (not counting dividends, the cash some companies pay their owners).
As reported by Bloomberg via Fortune, for Jan 1 – Dec 31, 2025 · Melqart Opportunities
S&P 500 data: S&P Dow Jones Indices LLC, via FRED.

What they own

Biggest bets first. The % is how much of their stock money is in that company. Tap a stock to open its page.
Already owned
Added lately
Sold lately
A full bar is 15% of their money.

Just bought

25
Between April and June, compared with the report before.

Sold

30
Dollar amounts use the price on Jun 30, 2026, or on Mar 31, 2026 for stocks they sold completely.

Where their money goes

Each square is $1 of every $100 they have in stocks.

Who invests with them

From Form ADV, the form investment firms file with the SEC about their clients, their money and their staff.
About 79 investors
Almost all in its 2 private funds.
$2.87 billion it manages
All the money it invests for its clients, by its own count.
23 people work there
13 of them pick investments.
$100,000 minimum to join
For Melqart Opportunities Master Fund Ltd, its biggest fund. Its managers and staff own 15% of it.

Its funds

Melqart Opportunities Master Fund Ltd
About 67 investors
$2.41 billion
Melqart Keal Macro Master Fund LP
About 11 investors
$26 million
  • Investor counts are approximate, and someone in two of its funds counts twice.
From the Form ADV filed by Melqart Asset Management (UK) Ltd on Feb 25, 2026.
View it on SEC.gov

At a glance

Money they have in stocks
$1.05 billion
$1,050,837,703
Stocks they own
40
Their 5 biggest bets
39% of their money
Holdings as of
Jun 30, 2026
Reported on
Aug 14, 2026
Run by
Michel Massoud
Based in
London
Investing since
2015
The original report
SEC.gov ↗︎

Good to know

  • Many of these companies are in the middle of being bought by someone else. The fund earns the gap between today’s price and the deal price.
Holdings as of Jun 30, 2026, from Melqart’s Form 13F, filed Aug 14, 2026.
View the filing on SEC.gov
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.
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