A Look into Goodnow Investment Group's Q3 vs. Q4 2022 Holdings: Winners and Losers

Goodnow Investment Group, LLC is an American-based investment management firm that operates in Boston, Massachusetts. The firm provides its services to high net worth individuals, endowments, and foundations. As a registered investment advisor, Goodnow Investment Group recently filed its 13F report for Q3 and Q4 of 2022. In this article, we will analyze the report and highlight the changes in holdings of the fund.

During Q3 2022, Goodnow Investment Group's top holdings included Triton Intl Ltd (TRTN), Etsy Inc (ETSY), and GoDaddy Inc (GDDY). However, by Q4 2022, there were significant changes in the fund's holdings.

TRTN, which held the first position in Q3, experienced a 14.8% decline, leading to a decrease in shares from 2,121,297 to 1,937,422. Similarly, the value of shares dropped from $116,099,000 to $133,255,000. Even with TRTN's decline, it still occupied the first position in the fund's holdings by Q4.

In Q3 2022, ETSY was the second top holding with 712,842 shares and a value of $71,377,000. However, it dropped to the third position by Q4, with 701,779 shares and a value of $84,059,000. The value increased by 17.8%, despite the decrease in shares.

Another significant decline was observed in PayPay Holdings Inc (PYPL), which went down by 3.6% from 447,802 shares to 521,472 shares. The value of shares also fell from $38,542,000 to $37,139,000.

On the other hand, TD Synnex Corporation (SNX) had an impressive increase of 13.3% in shares from 690,095 to 670,445 and a value increase from $56,029,000 to $63,497,000.

Additionally, CAE Inc (CAE.TO) observed a notable jump of 22.6% in value from $29,864,000 to $36,606,000. Even though the number of shares declined by 3%, from 1,948,071 to 1,892,801, CAE.TO still maintained its position as the third top holding in the fund.

Furthermore, a few holdings have been replaced or completely dropped out of the fund's top holdings list. For instance, LGI Homes (LGIH) was initially in the twelfth position in Q3 2022, with 67,574 shares and a value of $5,498,000. However, the fund sold out all its shares in LGIH by Q4, leading to no holdings.

Another example is Credit Acceptance Corp Mich (CACC), which observed a significant increase of 128.1% in shares from 4,114 to 8,665. Despite the increase, it decreased in value from $1,802,000 to $4,110,000.

In conclusion, the 13F report filed by Goodnow Investment Group, LLC highlights the changes in the fund's holdings between Q3 and Q4 of 2022. As expected, there were winners and losers among the holdings. Despite the percentage increase or decrease in holdings, it is crucial to analyze the reasons behind the changes and make informed decisions for the future.