Black Creek Investment Management Inc.'s 13F Holdings Compared: Q3 2022 vs Q4 2022

If you are an individual investor or a fund manager who is interested in getting real-time information about the holdings of various investment managers, you might have encountered 13F filings. These filings give you a peek into the world of investment management and can help you make informed investment decisions.

Black Creek Investment Management Inc. recently filed its Q4 2022 13F with the SEC. The 13F filing showed substantial changes in the fund's holdings from the previous quarter. In this blog post, we will take a closer look at the changes and what they mean for the fund and its investors.

Introduction to Black Creek Investment Management Inc.

Black Creek Investment Management is a global investment management firm that provides customized investment solutions to institutional investors and high-net-worth individuals. The firm has a team of seasoned professionals who use their extensive experience to create diversified portfolios that are tailored to meet the unique needs of their clients.

The firm's investment approach is centered on in-depth research and analysis of global companies and markets. They seek to identify companies that have sustainable competitive advantages, superior management teams, and attractive growth prospects. Black Creek's investment teams then utilize a bottom-up approach to select stocks that align with their investment philosophy.

Q3 2022 vs. Q4 2022 13F Holdings Comparison

Black Creek Investment Management Inc,'s 13F filing for Q4 2022 reveals significant changes in the fund's holdings in publicly traded companies. Here are some of the notable changes:

New positions:

Black Creek initiated positions in Interpublic Group Cos Inc, Baidu Inc, Stericycle Inc, PayPal Holdings Inc, and Zebra Technologies Corporation.

Closed positions:

The firm liquidated all its holdings in Varex Imaging Corp, Booking Holdings Inc., and Alphabet Inc.

Increased positions:

Black Creek added to Nutrien Ltd, Hain Celestial Group Inc, Fomento Economico Mexicano S, Barrick Gold Corp, and AutoLiv Inc.

Decreased positions:

The firm decreased its holdings in Cameco Corp, T-Mobile US Inc, and Banco Santander Mexico SA.

What Do These Changes Mean?

One of the most significant changes is the sale of all its holdings in Varex Imaging Corp. The medical equipment manufacturer saw its share price decline by over 30% during the quarter. The company's revenue growth rate also declined in the third quarter, which may have contributed to Black Creek's decision to exit its position.

Another notable change is the firm's increase in its position in Hain Celestial Group Inc. The natural and organic food company has seen its share price rise by over 40% since March 2022, driven by strong demand for its products and growth in its international markets. The company's revenue growth rate has also been impressive, increasing by over 30% YoY in the third quarter.

Black Creek's decision to initiate a position in Interpublic Group Cos Inc is also noteworthy. The advertising agency's share price has risen by over 60% since March 2022, and the company reported strong revenue growth during the third quarter, driven by growth in its digital and data analytics segments.

Conclusion

Black Creek Investment Management Inc.'s 13F filing for Q4 2022 shows significant changes in the firm's holdings. The firm's decision to liquidate its holdings in Varex Imaging Corp and Alphabet Inc. is noteworthy, as is its increase in its position in Hain Celestial Group Inc. and Interpublic Group Cos Inc. The changes in the fund's holdings suggest that the firm's investment teams are actively managing their portfolio and making informed investment decisions based on market trends and individual company performance.