Hitchwood Capital Management LP Q3 2022 vs. Q4 2022 - A Look at Their 13F Holdings

Hitchwood Capital Management LP is a New York-based investment management firm that primarily focuses on equity investments in the US public markets. In this article, we will take a closer look at Hitchwood's 13F holdings for the third and fourth quarters of 2022 and compare the changes they made.

First, let's take a moment to understand what 13F filings entail. A 13F filing is a quarterly report that institutional investment managers with over $100 million in assets under management must file with the Securities and Exchange Commission (SEC) within 45 days of the end of each quarter. It provides investors with information on the institutional investment manager's holdings in US publicly traded securities.

Now, moving on to Hitchwood's Q3 2022 vs. Q4 2022 holding comparison, we can see that the firm made some significant changes to their portfolio. They increased their holdings in some stocks while decreasing their holdings in others.

Hitchwood's largest holding in Q3 2022 was Amazon.com Inc (AMZN), with 920,000 shares worth $103.96 million. However, in Q4 2022, they reduced their holdings in Amazon to 890,000 shares, worth $74.76 million, which is a 28.1% decrease.

Another significant decrease in holdings was seen in Tesla Inc (TSLA). Hitchwood had 330,000 shares worth $87.53 million in Q3 2022, which reduced to 330,000 shares worth $40.64 million in Q4 2022, reflecting a 53.6% decrease.

There were some minor gains and losses across the board. Microsoft Corp (MSFT), for example, saw a 23.4% drop in Hitchwood's holdings, from 195,000 shares worth $45.41 million in Q3 2022 to 145,000 shares worth $34.77 million in Q4 2022. Similarly, Floor & Decor Holdings Inc (FND) saw a decline in Hitchwood's holdings, with 350,000 shares worth $24.59 million in Q3 2022, reducing to 245,000 shares worth $17.06 million in Q4 2022, a 30.6% drop.

On the other hand, Mastercard Inc (MA) saw a 0.1% increase in their holdings, from 55,000 shares worth $15.6 million in Q3 2022 to 45,000 shares worth $15.64 million in Q4 2022. KLA Corp (KLAC) held 50,000 shares worth $15.13 million in Q3 2022, which slightly decreased to 40,000 shares worth $15.08 million in Q4 2022, reflecting a 0.3% decrease.

Hitchwood also introduced some new stocks in their portfolio in Q4 2022. Union Pacific Corp (UNP) and Azenta Inc (AZTA) were new additions, with 60,000 and 120,000 shares, respectively.

In conclusion, Hitchwood Capital Management LP made some significant changes to their portfolio in the third and fourth quarters of 2022. They reduced their holdings in stocks like Amazon and Tesla while making minor adjustments in holdings of other stocks. Further, the firm introduced some new stocks in their portfolio, indicating a shift in their investment strategy. It will be interesting to track their next 13F filng and evaluate how the firm has evolved.