Analyzing Skye Global Management's Q3 vs. Q4 2022 13F Holdings: Which companies did they hold on to and which ones did they cut loose?

Skye Global Management LP's third and fourth quarter 2022 13F Holdings show the changing trends in hedge fund stock investment. Managers of hedge funds like Skye Global are primarily responsible for managing large portfolios of clients’ investments. They must execute their fund strategies accurately and efficiently to ensure that clients' investments yield significant returns. As such, tracking the changes in hedge fund holdings is a great way to gain insight into market trends, investor sentiment, and individual company performances. In this blog post, we will analyze Skye Global Management's Q3 vs. Q4 2022 13F Holdings to understand the changes in their holdings.

Skye Global Management LP is an American hedge fund that was established in 2017. The fund is managed by Jihye Juno Jeon, a former portfolio manager at Maverick Capital, and Daquan Oliver, a former credit investment officer at Morgan Stanley. The investment firm has its headquarters in New York, New York, and currently manages $4.22 billion worth of assets.

In Q3 2022, Skye Global Management LP held $10.08 billion in assets. In contrast, in Q4 2022, the investments decreased by 23.9% to $7.68 billion, largely due to the significant decrease in the value of their holdings in Amazon.com Inc, Microsoft Corp, and Alphabet Inc. However, the fund also acquired new holdings in several companies, including Waste Connections Inc, Instructure Holdings Inc, SAP SE, and Visa Inc.

Among Skye Global Management's holdings, Amazon.com Inc, Microsoft Corp, and Alphabet Inc had the most significant changes in holdings. In particular, Skye Global Management reduced its holdings in Amazon.com Inc by 30.4%, to 14,518,500 shares worth $1.22 billion in Q4 2022. Similarly, Skye Global Management reduced its holdings in Microsoft Corp by 6.2%, to 4,838,500 shares worth $1.16 billion in Q4 2022. And, Skye Global Management reduced its holdings in Alphabet Inc by 35.3%, to 1,942,000 shares worth $171.3 million in Q4 2022.

On the other hand, Skye Global Management increased its holdings in Waste Connections Inc by 100%, to 21,500 shares worth $2.91 million in Q4 2022. It also acquired Instructure Holdings Inc, SAP SE, and Visa Inc holdings. Skye Global Management acquired 520,955 shares worth $11.6 million in Instructure Holdings, 582,000 shares worth $47.2 million in SAP SE, and 1,294,500 shares worth $229.97 million in Visa Inc.

Skye Global Management also disposed of some of its holdings, including Tyler Technologies Inc, Workday Inc, and Procter and Gamble Co. In particular, Skye Global Management reduced its holdings in Tyler Technologies Inc by 58.8% to 50,000 shares worth $16.1 million in Q4 2022. Furthermore, Skye Global Management reduced its holdings in Workday Inc by 98.4%, to 16,000 shares worth $2.7 million in Q4 2022. Additionally, Skye Global Management sold all of its holdings in Procter and Gamble Co in Q4 2022.

In conclusion, tracking the movements of hedge funds like Skye Global Management LP provides valuable insights into the changes in the financial markets. With their significant holdings in some of the world's most prominent companies, hedge fund movements can reflect fundamental changes in individual companies' performances or broader market trends. This analysis of Skye Global Management's Q3 vs. Q4 2022 13F Holdings highlights both the shifts in the fund's holdings and some of the broader market trends seen in the final quarter.