Investment Firm Park West Asset Management Shifted Holdings in Q3 to Q4 2022

Park West Asset Management LLC is an investment firm that manages money for endowments, foundations, pension funds, and other institutional investors. They recently filed their Q3 to Q4 2022 13F holdings comparison with the Securities and Exchange Commission (SEC), revealing some significant changes in their portfolio.

Below is a summary of the changes in their holdings:

- Option Care Health (OPCH): Park West Asset Management increased their holdings of OPCH from 3,781,169 to 4,302,252 shares, equivalent to an 8.8% increase in value.

- Enovix Corporation (ENVX): The investment firm decreased their holdings of ENVX from 9,095,805 to 8,645,805 shares, equivalent to a 35.5% decrease in value.

- Gen Digital Inc (GEN): Park West Asset Management decreased their holdings of GEN from 5,399,539 to 4,950,009 shares, equivalent to a 2.5% decrease in value.

- OneMain Holdings Inc (OMF): The investment firm increased their holdings of OMF from 1,843,618 to 1,776,148 shares, equivalent to an 8.7% increase in value.

- Light & Wonder Inc (LNW): Park West Asset Management decreased their holdings of LNW from 1,384,206 to 972,643 shares, equivalent to a 4% decrease in value.

- Willscot Mobil Mini Holding Co (WSC): The investment firm decreased their holdings of WSC from 1,357,762 to 945,762 shares, equivalent to a 22% decrease in value.

- Interactive Brokers Group Inc (IBKR): Park West Asset Management decreased their holdings of IBKR from 864,581 to 576,081 shares, equivalent to a 24.6% decrease in value.

- Fortinet Inc (FTNT): The investment firm increased their holdings of FTNT from 759,072 to 850,000 shares, equivalent to an 11.4% increase in value.

- Nexstar Media Group Inc (NXST): Park West Asset Management decreased their holdings of NXST from 648,330 to 236,384 shares, equivalent to a 61.8% decrease in value.

- Flex Ltd (FLEX): The investment firm increased their holdings of FLEX from 1,140,000 to 1,813,080 shares, equivalent to a 104.9% increase in value.

It's interesting to note that Park West Asset Management LLC has made some significant changes to their portfolio. They have reduced their holdings in companies like ENVX, GEN, LNW, WSC, and NXST while adding to their positions in companies like OPCH, OMF, FTNT, and FLEX.

Some of the companies they added to their portfolio have had a successful run in the market recently. For example, OPCH stock has been on the rise, adding over 41% in the past year. Similarly, FLEX has been performing well, with a one-year return of over 80%.

On the other hand, some of the companies Park West Asset Management has reduced their holdings in have not been doing so well. For example, ENVX stock has declined by over 35%, and NXST has declined by over 61% in the past year.

In conclusion, Park West Asset Management LLC's Q3 to Q4 2022 13F holdings comparison shows some significant changes in their portfolio. While they have reduced some holdings, they have added to their positions in other companies with better potential for growth. It will be interesting to see how these changes in their holdings pan out given the volatile nature of the stock market.