1060 Capital, LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investing in the stock market always involves analyzing and comparing financial statements and market movements. One such tool is the 13F filing, where institutional investment managers with more than $100 million in assets under management (AUM) must disclose their position with the SEC. It provides vital information on the stocks, options, and other securities an institutional investor owns, sells, or buys during the quarter.

Looking at the comparison of 1060 Capital, LLC's Q3 2022 and Q4 2022 13F holdings, a few interesting insights come to light. As of Q4 2022, the institutional investment manager held assets worth $47,242,840, up from $32,980,000 in the previous quarter. They increased their AUM by 43.36%, indicating an appetite for the stock market's growth prospects.

Breaking down the holdings, the top stock purchase in Q4 2022 was Wynn Resorts Ltd (WYNN), with 90,000 shares bought worth $7,422,000. The stock price was $82.47 apiece during the quarter, and 1060 Capital, LLC's stake accounted for 15.7% of WYNN's shares outstanding. It's evident that the institutional investor saw potential in the hospitality stock despite its recent downfall due to the pandemic's impact.

In contrast, Las Vegas Sands Corp (LVS), another hospitality stock, saw a 14% reduction in 1060 Capital, LLC's holdings. They sold 18,553 shares worth $886,422 to hold 150,000 shares valued at $7,210,000. LVS, which owns the Venetian and Palazzo resorts, has struggled to reach pre-pandemic levels, which might have led to the contraction in positions.

Other notable stock purchases include 150,000 shares of Fluor Corp New (FLR), a Fortune 500 engineering and construction company with a market cap of $4.2 billion. The shares were worth $5,199,000, and it's the first time 1060 Capital, LLC reported a position in the company. Another notable stock purchase is 100,000 shares of Royal Caribbean Group (RCL), worth $4,943,000. The company has been hit hard by the pandemic, and 1060 Capital, LLC buying the shares indicates optimism in the industry's revival.

Moving away from hospitality, Flowserve Corp (FLS), a leading provider of industrial fluid motion and control solutions, saw 1060 Capital, LLC acquire 160,000 shares worth $4,908,000. It's a new stake in the company, pointing to the institutional investor's trust in the industry's demand prospects.

Finally, Full Hse Resorts Inc (FLL) and PlayAGS Inc (AGS), hospitality and gaming companies, respectively, saw 1060 Capital, LLC's stake increase by 100% and 100.6%, respectively. It proves that the institutional investor continues to see value in the industry despite the pandemic's impact.

In conclusion, 1060 Capital, LLC's Q3 2022 and Q4 2022 13F holdings comparison highlights the institutional investor's confidence in the stock market's growth prospects. While selling some shares in Las Vegas Sands Corp, they bought more hospitality and gaming stocks during the quarter. Meanwhile, they also expanded their stake in engineering and construction and industrial solutions stocks. The 13F filing provides valuable insights into institutional investors' decision-making and can be a helpful tool for individual investors looking for potential investments.