Investment Advisor Columbia Pacific Advisors, LLC: 13F Holdings Comparison in Q2 2019 vs Q3 2019

Institutional investors are required to file with the Securities and Exchange Commission (SEC) Form 13F every calendar quarter, disclosing their holdings of publicly-traded stocks at the end of the previous quarter. This filing is known as the 13F report. Columbia Pacific Advisors, LLC is one of those institutional investors. Their 13F report discloses their portfolio of investments for the second and third quarters of 2019. This 13F report is a valuable tool for investors who want to see what their peers are buying and selling.

This blog post will analyze the changes in holdings of Columbia Pacific Advisors, LLC comparing their 13F report for the second quarter of 2019 to the third quarter of 2019. We will look at the companies they bought, sold, and held and provide context for their investment decisions.

Before diving into the specific holdings, let's understand how to interpret the data. The report includes the issuer name, option type, and the number of shares held by the investor in the previous quarter and the current quarter. The report also shows the value of the holdings in thousands of dollars for both quarters and the percentage change between the two quarters. Now that we know how to read the data let's dive into the holdings.

The 13F report suggests that Columbia Pacific Advisors, LLC has been busy tweaking its portfolio in Q3 2019. The most notable addition is Diamondback Energy, Inc., a company that produces and explores oil and natural gas, which saw the purchase of 181,345 shares in Q2 2019. However, the company sold that entire position in Q3 2019. Red Lion Hotels Corp and Continental Resources Inc were the other two companies that saw 100% reduction in shares owned, meaning Columbia Pacific Advisors, LLC has dumped these stocks entirely.

Genesis Healthcare Inc. was another company that Columbia Pacific Advisors, LLC sold all of its shares in the third quarter of 2019. The company provides inpatient and home-based medical services to elderly patients, but Columbia Pacific Advisors, LLC had lost faith in the stock, which had already slipped over 80% since the beginning of the year.

Another energy company, Oasis Petroleum Inc, also saw a reduction in shares owned by Columbia Pacific Advisors, LLC in Q3 2019. Oasis Petroleum is an oil and gas exploration company that primarily operates in the Williston Basin, and Columbia Pacific Advisors, LLC reduced its holdings from 309,703 shares in Q2 2019 to 0 shares in Q3 2019.

The table also shows that Columbia Pacific Advisors, LLC were bullish on Magnolia Oil &Gas Corp, and W&T Offshore Inc, purchasing 940,812 and 401,175 shares in Q2 2019, respectively. However, these holdings were reduced to 0 shares in Q3 2019, leading to a percentage change of -100. Carrizo Oil & Gas Inc saw a similar reduction in volume, with Columbia Pacific Advisors, LLC reducing its holdings from 153,892 shares in Q2 2019 to 0 shares in Q3 2019.

After analyzing the 13F report, it appears that Columbia Pacific Advisors, LLC has been steadily reducing its exposure to the energy sector, where many of its positions remain undervalued. The company has been quick to take profit and abscond itself of non-performing investments. The report also indicates that the firm has been looking at opportunities outside the energy sector, with new investments being short-lived.

In conclusion, Columbia Pacific Advisors, LLC has made significant changes to its holdings between the second and the third quarters of 2019, radically altering its portfolio. The firm has been dumping energy stocks, particularly oil and exploration companies. This indicates that they are reducing their exposure to the energy sector, which could indicate that they believe that the energy market is volatile in today's trade landscape. This report provides valuable information for investors who are looking for stocks to invest in based on investment patterns of fund managers.