An Analysis of Silver Point Capital L.P.'s Q3 2022 vs. Q4 2022 13F Holdings

Investment managers are always on the lookout for profitable opportunities, and Silver Point Capital L.P. is no exception. The multi-billion dollar hedge fund recently submitted their holding report, Form 13F, to the Securities and Exchange Commission (SEC) for their Q3 2022 and Q4 2022 holdings. In this blog post, we will analyze changes in their holdings in different companies during these two quarters.

Silver Point Capital L.P.'s holdings are diversified across several sectors, including energy, telecommunications, entertainment, and healthcare. Their Q3 2022 and Q4 2022 holdings show some interesting changes. While some holdings remained unchanged, others saw significant shifts either upwards or downwards.

One of the holdings that remained unchanged from Q3 2022 to Q4 2022 is Gulfport Energy Corp (GPOR). The company's shares were held at 8,604,579 in both quarters. However, there was a 16.6% decrease in value from Q3 2022 to Q4 2022.

Frontier Communications Corp (FYBR) saw a 10.9% decline in shares from Q3 2022 to Q4 2022. During Q3 2022, Silver Point Capital L.P. held 9,481,110 shares, which decreased to 8,432,000 shares in Q4 2022. The value of their holdings also declined by 3.3% during the same period.

On the other hand, there were some positive changes in Silver Point Capital L.P.'s holdings. Studio City International Holdings Ltd (MSC) saw a 2.2% increase in share value, from $63,831,000 in Q3 2022 to $169,890,000 in Q4 2022. Despite a 2% decrease in shares held from Q3 2022 to Q4 2022, the increased share value indicates that Silver Point Capital L.P. is bullish on the company.

PG&E Corp (PCG) also saw a significant increase in value of 30.1% from Q3 2022 to Q4 2022. The number of shares held remained unchanged at 4,567,756, but their value shot up from $57,097,000 to $74,271,000. This suggests that Silver Point Capital L.P. has confidence in PG&E Corp's future prospects.

Denbury Inc (DEN) had two entries in the 13F filings - one with call options and one without. In Q3 2022, the company's call options were held at 0 shares, which increased to 972,600 shares in Q4 2022. Similarly, their shares without call options were held at 2,049,500 in Q3 2022, which decreased to 523,000 in Q4 2022. The value of these holdings also decreased by 74.3%.

In the telecommunications sector, there was a 5% decrease in the value of iHeartMedia Inc (IHRT) holdings. While the number of shares increased from 4,880,724 in Q3 2022 to 5,546,124 in Q4 2022, the value declined from $35,776,000 to $33,997,000. This could be a reflection of the competitive nature of the industry.

Wayfair Inc had no holdings in Q3 2022, but in Q4 2022, Silver Point Capital L.P. acquired 28,000,000 shares valued at $17,958,000. This indicates a bullish attitude towards the company's future prospects.

There were also some significant decreases in the value of holdings during Q4 2022. This includes Chesapeake Energy Corp (CHK), which saw a decrease in value from $4,428,000 to $0. Bausch Health Cos Inc (BHC) had all its shares sold, resulting in the complete removal of the holding from their portfolio. Similarly, Royal Caribbean Group (RCL) and Lensar Inc (LNSR) had call options and normal shares respectively, which were also fully sold, resulting in no holdings in Q4 2022.

In conclusion, Silver Point Capital L.P.'s Q3 2022 vs. Q4 2022 13F holdings showed some significant changes. While some holdings remained unchanged, others saw either positive or negative shifts. As always, these trends can provide insights into the investment strategies of not only the fund managers but also the overall market trends.