Investing in the Q4 2022 Top Stocks of Senvest Management, LLC

As the year comes to a close, many investors are taking a closer look at their portfolios to assess any changes that need to be made before the start of the new year. One prominent investor in the financial space, Senvest Management, LLC, has recently released its Q4 2022 13F holdings, and the results are worth noting.

Senvest Management, LLC is a well-known hedge fund that primarily invests in value and special situation opportunities across different asset classes, including equities, bonds, and options. Its recent Q4 2022 13F holdings showed some changes worth taking a closer look. In this article, we will review some of the top stocks held by the fund in the fourth quarter, along with their respective changes compared to the previous quarter.

CAPRI HOLDINGS LIMITED

Senvest Management reduced its investment in Capri Holdings Limited from 7,314,462 shares in Q3 to 6,828,785 shares in Q4. This decrease of 6.63% represents a significant difference in terms of dollar value, as the Q3 value of holdings was $281,168,000 compared to $391,425,000 in Q4, a 39.20% increase. Capri Holdings Limited is a luxury fashion group that owns notable brands such as Versace, Michael Kors, and Jimmy Choo, among others.

MARRIOTT VACATIONS WORLDWIDE

Senvest Management trimmed its investment in Marriott Vacations Worldwide from 2,283,014 shares in Q3 to 2,101,412 shares in Q4, a decrease of 7.96%. The change in dollar value was relatively small, with Q3 holdings valued at $278,208,000 compared to $282,829,000 in Q4, a 1.70% increase.

EBAY INC.

Senvest Management's investment in eBay Inc. underwent a dramatic shift in Q4. The fund bought 1,949,586 shares, increasing its investment from 4,501,969 shares to 6,449,555 shares, an increase of 43.23%. The value of the investment in eBay increased from $165,717,000 in Q3 to $267,463,000 in Q4, a 61.38% increase. eBay is a multinational e-commerce company that provides consumer-to-consumer and business-to-consumer sales services.

QUIDELORTHO CORP

Senvest Management increased its investment in QuidelOrtho Corp from 2,507,208 shares in Q3 to 2,798,149 shares in Q4, an increase of 11.60%. The value of the holdings also increased from $179,215,000 in Q3 to $239,717,000 in Q4, a 33.81% increase. QuidelOrtho is a leading provider of diagnostic testing solutions for medical professionals and healthcare systems.

SOLAREDGE TECHNOLOGIES INC

Senvest Management saw a significant increase in its investment in SolarEdge Technologies Inc from 338,382 shares in Q3 to 759,071 shares in Q4, an increase of 124.25%. The dollar value of the investment also increased from $78,322,000 in Q3 to $215,022,000 in Q4, an increase of 174.45%. SolarEdge Technologies is a leading provider of smart energy solutions that work to connect photovoltaic systems to the grid.

TOWER SEMICONDUCTOR LTD

Senvest Management reduced its investment in Tower Semiconductor Ltd from 4,144,164 shares in Q3 to 4,110,121 shares in Q4, a decrease of 0.82%. The value of the investment dropped from $182,095,000 in Q3 to $177,557,000 in Q4, a decrease of 2.50%. Tower Semiconductor is a leading global provider of customizable semiconductor technology.

PENNYMAC FINL SVCS INC NEW

Senvest Management increased its investment in PennyMac Finl Svcs Inc New from 2,228,286 shares in Q3 to 2,509,575 shares in Q4, an increase of 12.63%. The value of the investment grew from $95,593,000 in Q3 to $142,192,000 in Q4, a 48.67% increase. PennyMac Finl Svcs is a financial services company that provides mortgage solutions and investment opportunities to its clients.

In Conclusion

Senvest Management, LLC, has made some significant changes to its portfolio in Q4 2022, with some stocks being trimmed while others seeing significant investment increases. The above-listed stocks are just a few of the changes made, and investors are advised to take a closer look at the stocks in their own portfolios to assess any changes that may need to be made.