Hoplite Capital Management, L.P. Q2 2019 vs. Q3 2019 13F Holdings Comparison

Hoplite Capital Management, L.P. is a hedge fund with over $4 billion in assets under management. Their recent 13F filing reveals some interesting changes in their holdings from Q2 to Q3 of 2019. In this blog post, we will analyze their top holdings, their movements, and what this could mean for investors.

Introduction

Hedge funds are known for their ability to generate high returns for investors. They invest in a wide range of assets, from stocks to derivatives to real estate. One of the key metrics used to evaluate the performance of a hedge fund is their 13F filing. This filing is submitted to the Securities and Exchange Commission (SEC) every quarter and lists the long positions of the fund. Hoplite Capital Management, L.P.’s Q2 2019 vs. Q3 2019 13F holdings comparison shows some significant changes that could affect their performance.

Main Body

According to their 13F filing, Hoplite Capital Management, L.P. increased their holdings in Uber Technologies Inc (UBER) by 513,587 shares. However, the value of their investment decreased by 30.7%, from $21,793,000 to $15,098,000. This could be due to the fact that UBER stock has been struggling since its IPO earlier this year. Hoplite’s decision to increase their holdings could be a bet that the company’s fundamentals will improve in the long run.

Hoplite also made some interesting moves in the ETF space. They sold all their put options in the SPDR S&P 500 ETF Trust (SPY) and the iShares Russell 2000 ETF (IWM). This could be interpreted as a bullish bet on the overall market. Hoplite is essentially betting that the market will continue to rise and that they won’t need the downside protection provided by put options.

Another notable change in Hoplite’s portfolio was their decision to sell all their shares of Medifast Inc (MED), Frontdoor Inc (FTDR), and Alphabet Inc (GOOG). These moves could be due to concerns over the companies’ financial performance or a need to free up capital for other investments.

Conclusion

Hoplite Capital Management, L.P.’s Q2 2019 vs. Q3 2019 13F holdings comparison shows some interesting moves in their portfolio. They increased their holdings in UBER and made a bullish bet on the overall market by selling all their put options in two major ETFs. However, they also sold all their shares of several companies, which could indicate concerns over their financial performance or a need to free up capital. Only time will tell how these moves will affect Hoplite’s overall performance, but investors should keep a close eye on their future filings.