Analyzing Lapides Asset Management's Q3 2022 and Q4 2022 Holdings: Insights into the Investment Strategy of a New York-based Investment Management Firm.

Lapides Asset Management, LLC, a New York-based investment management firm, recently filed its 13F with the SEC for the third quarter of 2022 (Q3 2022). The filing consists of a list of its holdings as of September 30, 2022. This list details the stocks and shares the firm held for the quarter, and the value of these holdings.

Earlier this month, Lapides Asset Management filed its 13F for the fourth quarter of 2022 (Q4 2022), which details the changes that have occurred in the firm's holdings since Q3 2022. This blog post will analyze the changes in Lapides Asset Management's holdings and provide insights into the firm's investment strategy.

According to the 13F filing, Lapides Asset Management held shares in 46 companies in Q3 2022. The firm's top holdings were in Adt Inc (ADT), CBOE Global Mkts Inc (CBOE), and Huntsman Corp (HUN). These three stocks made up over 22% of the firm's total holdings.

In Q4 2022, Lapides Asset Management added to its holdings in Criteo SA Spons ADS (CRTO), Knowles Corp (KN), DENTSPLY Sirona Inc (XRAY), and Barret Business Services Inc (BBSI). The firm's holdings in these four companies increased by more than 50% each. Lapides Asset Management's largest new position was in Lightspeed Commerce Inc Sub Vt (LSPD.TO), in which it acquired 256,200 shares.

The firm decreased its holdings in Adtran Holdings Inc (ADTN), Stride Inc (LRN), AngioDynamics Inc (ANGO), and Grifols SA Sp ADR Rep B Nvt (GRFS). The reduction in these stocks' holdings ranged from 4% to 25.4%.

In Q4 2022, Lapides Asset Management closed its position in five companies. These companies are Btrs Holdings Inc Cl 1, Mineral Technologies Inc (MTX), ChannelAdvisor Corp, Atento SA (ATTO), and Vivint Smart Home Inc Cl A (VVNT). The firm also significantly reduced its position in Xperi Holding Corp (XPER), in which it held 382,326 shares in Q3 2022, and closed their position entirely in the fourth quarter.

Looking at the changes in value, Lapides Asset Management increased its holdings' value in 21 stocks, while the value of its holdings decreased in 15 stocks from Q3 2022 to Q4 2022. The firm's largest additions in value were Criteo SA Spons ADS (CRTO) and Knowles Corp (KN), with gains of 59.1% and 66.2%, respectively. Lapides Asset Management's largest loss in value was in Ardagh Metal Packaging SA (AMBP), with a loss of -64.6%.

When analyzing the percentage of change, it is interesting to note that Lapides Asset Management's holdings' overall value increased by 9.4%. The firm's top three positions, Adt Inc (ADT), CBOE Global Mkts Inc (CBOE), and Huntsman Corp (HUN), saw percentage changes of 19.9%, 6.9%, and 12%, respectively. Although Lapides Asset Management increased its holdings in Criteo SA Spons ADS (CRTO) significantly, it is important to acknowledge that the stock's value increased by 59.1%, so the overall percentage change in Lapides Asset Management's holdings might not be as dramatic as it seems.

Lapides Asset Management's investment strategy is primarily focused on identifying stocks that are undervalued or overlooked by the market, and then investing heavily in those stocks. The firm has a concentrated portfolio of less than 50 stocks, allowing it to make large bets on individual stocks that it believes will outperform the market. While this strategy has generated impressive returns for Lapides Asset Management's clients in the past, it also makes the firm susceptible to large losses if one of its holdings underperforms.

In conclusion, Lapides Asset Management made significant changes to its holdings from Q3 2022 to Q4 2022. By adding to some of its current holdings, closing some of its positions, and reducing its holdings in a few other companies, the firm is adjusting its portfolio based on its latest analysis. Despite some losses, the firm's holdings' overall value increased, and it remains well-positioned with a concentrated portfolio focused on undervalued companies.