Investment Changes: Anchorage Capital Group, L.L.C. Q3 2022 vs. Q4 2022

Anchorage Capital Group, L.L.C. has recently reported its Q3 2022 and Q4 2022 13F holdings comparison; significant investment changes have been noted. In this article, we will go over these changes with detail, looking into which companies have been bought, sold or maintained and analyze the reasons behind these changes.

One of the most noteworthy changes observed in Q4 2022 in Anchorage's holdings is the significant decrease in the shares of SentinelOne Inc. In Q3 2022, they held 9867053 shares of the company, but by Q4 2022, these shares remained the same. However, the value of these shares decreased substantially from $252202 to $143960, resulting in a decrease of 42.9%. This may be a result of various reasons, which may include SentinelOne's performance on the stock market, the company's financial situation, or Anchorage's shift in investment strategy.

On the other hand, Anchorage's shares in Frontier Communications Pare increased from 5482812 shares to 5482812 shares, resulting in an 8.7% increase in value from $128462 to $139702. This investment may indicate that Anchorage is confident about the potential of Frontier Communications Pare in the coming years.

The biggest change in value occurred with Ginkgo Bioworks Holdings Inc. Anchorage held 69158354 shares of the company in Q3 2022, which increased to 69854593 shares in Q4 2022. Yet, the value of these shares decreased drastically from $215774 to $118054, resulting in a decrease of 45.3%. This is likely due to the SEC's investigation into the SPAC merger that brought Ginkgo Bioworks public, lowering investors' confidence in the company's future.

Anchorage's holdings in Liberty Latin America Ltd also decreased from 83191000 shares to 79691000 shares, resulting in a 1.6% decrease in value from $72164 to $71031. This may indicate that Anchorage has lost confidence in the company's long-term success, prompting the shift in shares.

Another noticeable change in value is seen with Liberty Media Corp Del. In Q3 2022, Anchorage held 128863000 shares of the company, which decreased to 122933000 shares in Q4 2022, resulting in a decrease in value from $59777 to $41891, a decrease by 29.9%. It is worth noting that Anchorage has another set of shares (66801000 in Q3 and Q4 2022), which also decreased in value from $30209 to $22974, a decrease by 23.9%. This significant decrease in value may indicate that Anchorage is shifting its focus away from Liberty Media Corp Del.

Anchorage has sold off its entire shares in several companies, including EZCorp Inc, Twitter Inc, and Wayfair Inc. The company's shares in Lendingtree Inc decreased from 29953000 shares to 10000000 shares, resulting in a decrease in value from $21353 to $7276, a decrease by 65.9%. Similarly, the company's shares in Pegasystems Inc decreased from 10250000 shares to 8470000 shares, resulting in a decrease in value from $8361 to $7257, a decrease by 13.2%.

In conclusion, there have been significant changes in Anchorage Capital Group, L.L.C.'s Q3 2022 and Q4 2022 13F holdings. These changes may indicate the company's shift in investment strategy, its confidence in companies' future, or general market trends, among other factors. It is important to closely monitor any changes in the company's holdings to gain insight into its investment decisions and strategies.