Honeycomb Asset Management LP Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investors always keep a keen eye on the changes in the portfolio of hedge funds. One such fund that has made significant portfolio changes between Q3 2022 and Q4 2022 is Honeycomb Asset Management LP. In this blog post, we’ll delve deeper into the changes made by Honeycomb Asset Management and what they might mean for the market.

In Q3 2022, Honeycomb Asset Management LP held 30 stocks in its portfolio, with a total value of $604 million. In Q4 2022, the fund increased its holding to 34 stocks with a total value of $552 million. Overall, the fund saw a 8.6% decrease in the value of its holdings between Q3 and Q4 2022.

One of the most notable changes in the fund’s portfolio was the decrease in its holding in Uber Technologies, Inc. In Q3 2022, the fund held 1.6 million shares of Uber, with a value of $42.4 million. However, in Q4 2022, the fund sold off 1 million shares, resulting in a 65% decrease in its Uber holdings. The fund’s overall value in Uber dropped to $14.8 million in Q4 2022.

Another major change in the fund’s portfolio was the addition of 5 million shares of Warner Bros Discovery Inc. in Q4 2022. The fund did not hold any shares of Warner Bros Discovery in Q3 2022, but in Q4 2022, it became one of the fund’s top holdings, with a value of $94.8 million.

Honeycomb Asset Management LP also added positions in Salesforce Inc. and Live Nation Entertainment Inc. during Q4 2022. In Q3 2022, the fund did not hold any shares of these companies. However, in Q4 2022, the fund’s holdings in these companies were valued at $26.5 million and $26.2 million, respectively.

The fund decreased its holdings in Amazon.com Inc. and Alphabet Inc. in Q4 2022. The value of the fund’s holdings in Amazon decreased by 59.9%, while its holdings in Alphabet decreased by 69.3%.

In terms of sector allocation, the fund had the highest exposure to the technology sector, followed by communication services and consumer cyclical. The top three holdings of the fund in Q4 2022 were Uber Technologies Inc., Warner Bros Discovery Inc., and Liberty Media Corp.

Overall, Honeycomb Asset Management LP made some significant changes to its portfolio between Q3 2022 and Q4 2022. The fund’s decreased exposure to Uber Technologies, Inc. and Amazon.com Inc. could indicate a lack of confidence in these companies. However, the fund’s increased holdings in Warner Bros Discovery Inc., Salesforce Inc., and Live Nation Entertainment Inc. suggest that the fund is bullish on these companies. It will be interesting to see how these changes impact the performance of the fund in the coming months.