Analyzing Lumina Fund Management LLC Q3 vs. Q4 2022 13F Holdings Comparison: Key Highlights and Notable Changes

Lumina Fund Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Lumina Fund Management LLC is a highly respected investment management firm that prides itself on delivering excellent results to its clients. As such, the company regularly updates its holdings to keep its clients informed on the latest developments. In this post, we will analyze the Q3 2022 and Q4 2022 13F holdings comparison prepared by Lumina Fund Management.

The 13F Holdings Comparison report is a valuable tool for investors, providing a comprehensive snapshot of a company's portfolio. It offers insights into the securities held, the value of the portfolio, and the degree of change between quarters. Let's dive in and take a closer look at the Lumina Fund Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison, focusing on key highlights and notable changes.

Key Highlights

The Q3 2022 and Q4 2022 13F holdings comparison reveals that Lumina Fund Management LLC's total portfolio value increased significantly from $5.5 billion to $5.9 billion. This increase can primarily be attributed to the addition of new positions in various companies, including ZBRA, APTV, PARA, and INMD. Although the portfolio value increased, the number of securities held decreased from 43 to 42 indicating a shift in the fund's focus on quality rather than quantity.

Notable Changes

The report shows that the fund sold off its position in SPYDR S&P 500 ETF, reducing its holdings from 372,971 shares in Q3 to 366,671 shares in Q4. This represents a 5.3% change in the fund's holdings, reflecting a bearish stance on the US stock market's future.

Furthermore, the fund's sale of its puts in the SPYDR S&P 500 ETF saw a 23.5% change in holdings, reducing its position from 200,000 shares in Q3 to 150,000 shares in Q4. The sale of put options reflects a bet that the underlying security's price will rise.

Another notable change was the fund's acquisition of 40,000 shares of INVESCO QQQ TR put options, valued at $9,960. This reflects a bullish stance on the NASDAQ's future; should the option be exercised, the fund could benefit from a price increase of Invesco QQQ Trust shares.

The fund's holdings in Amazon.com decreased from 11,130 shares in Q3 to 8,400 shares in Q4, reflecting a 25.7% decrease in holdings. With Amazon's strong financials and dominance in the e-commerce sector, it's unclear why the fund would reduce its position. However, it could have been to take profits with less exposure to market fluctuations.

Another surprising change was the fund's acquisition of 5,400 shares of Incyte Corp. in Q4, despite selling all of its 12,500 shares in Q2. The initial sale represented a 45.6% decrease in holdings, while the recent acquisition reflects a bullish stance on the security's price performance.

Conclusion

In conclusion, the Lumina Fund Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison provides valuable insights into the fund's portfolio adjustments. The fund's shift towards quality rather than quantity is evident in this report, with additions such as ZBRA, APTV, PARA, and INMD.

The report also shows the fund's bearish stance on the US stock markets and bullish stance on the NASDAQ. The sale of SPDR S&P 500 ETF and purchase of INVESCO QQQ TR put options shows the fund's cautiousness in a time of market uncertainty.

Overall, the Lumina Fund Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison report provides investors with vital data necessary for making informed decisions. Investors can use this report as a guide for investing in securities aligned with Lumina Fund Management's investment strategies. Investors can also use the report as a reference for benchmarking their holdings' performance against those of the fund.