Harvest Management LLC Makes Big Moves in Q3 2022 Portfolio Holdings: Breakdown and Analysis

The third quarter of 2022 saw Harvest Management LLC make some big moves in its portfolio, with significant changes in holdings across a number of different companies. In this blog post, we break down some of the key highlights from the firm's Q3 2022 vs. Q4 2022 13F holdings comparison.

One of the biggest changes came from Atlas Corp (ATCO), with Harvest Management LLC upping its stake in the company from 35,000 shares to 512,450 shares - a whopping 1,514.2% increase. This translated to a jump in value from $487,000 to $7.86 million. It's clear that Harvest Management LLC sees significant potential in Atlas Corp and is betting big on its future success.

Another notable increase came from Activision Blizzard Inc (ATVI), with Harvest Management LLC upping its stake in the gaming giant from 55,000 shares to 84,500 shares, representing a 58.2% increase in value from $4.09 million to $6.47 million. This is likely due to the continued growth of the gaming industry and the blockbuster success of Activision Blizzard's franchises like Call of Duty and World of Warcraft.

Shaw Communications Inc (SJR-B.TO) also saw a significant increase in value for Harvest Management LLC, with the firm increasing its stake in the company from 111,700 shares to 161,700 shares, resulting in a 71.4% increase in value from $2.72 million to $4.66 million. It's worth noting that Harvest Management LLC also bought a put option on SJR-B.TO, meaning that the firm has the right to sell shares of the stock at a predetermined price at some point in the future. This suggests that Harvest Management LLC is hedging its bets on the company and has a somewhat cautious outlook on its future prospects.

Other noteworthy increases came from Sierra Wireless Inc (SW.TO), LHC Group Inc (LHCG), and Tower Semiconductor Ltd (TSEM), with Harvest Management LLC increasing its stake in each company by 113,200 shares, 19,000 shares, and 31,700 shares respectively. All three of these companies saw significant jumps in value, suggesting that Harvest Management LLC sees potential in these firms and is betting on their continued success in the future.

Harvest Management LLC didn't just make increases in its holdings, however. The company also decreased its stake in LHC Group Inc by 16,300 shares, resulting in a 15.3% decrease in value from $3.11 million to $2.64 million. It's unclear why Harvest Management LLC made this move, but it's possible that the firm sees better opportunities in other areas and is reallocating its resources accordingly.

Overall, Harvest Management LLC made some big moves in its portfolio in Q3 2022, with significant increases in holdings in certain companies and decreases in others. It's clear that the firm is carefully analyzing the market and making calculated bets on which companies will perform best in the years to come. Only time will tell how these moves will play out, but it's clear that Harvest Management LLC is a savvy investor with a keen eye for spotting opportunities in the market.