Investment Insights: Analyzing Swift Run Capital Management's Q3 2020 vs. Q4 2020 13F Holdings Changes

Investment firm Swift Run Capital Management recently released their Q3 2020 vs. Q4 2020 13F Holdings comparison report. The report highlights the changes the company made in its holdings and provides valuable insights for investors. In this article, we will analyze the report's findings, identify the top performers, and explore the rationale behind the company's investment decisions.

The report shows that Swift Run Capital Management has made changes to its holdings in the fourth quarter of 2020. The company added new positions, increased its stake in some holdings, while reducing others. The report highlights the top 30 companies and their changes in holdings. Let's explore some of the key findings in more detail.

Top Performers

One of the top performers in the report was Blackstone Group Inc. Swift Run Capital Management increased its stake in the company by 46%, adding 3000 shares, which resulted in a total of 20030 shares. The Q3 2020 shares were valued at $889,000, while the Q4 2020 shares were valued at $1,299,000, representing an increase of 46%. The increase in value can be attributed to Blackstone Group Inc.'s strong year, with a reported AUM of $584 billion in Q4 2020.

Another top performer in the report was Howard Hughes Corp/The. Swift Run Capital Management increased its stake in the company by 22.2%. This resulted in 1840 shares, which were valued at $1191 in Q4 2020, up from 975 in the previous quarter. Howard Hughes Corp/The's stock has been on a rollercoaster ride in the past year, down as much as 80%, but it seems Swift Run Capital Management saw value in the company heading into 2021.

Rationale Behind Investment Decisions

One of the major changes to Swift Run Capital Management's holdings was reducing its stake in Kinder Morgan Inc/DE by 27.7%. This decision was likely due to the company's debt levels and challenges in the energy sector caused by the pandemic. It's worth noting that the company had already reduced its stake in Kinder Morgan in the previous quarter by 24%.

Swift Run Capital Management also reduced its stake in VGSH, cutting shares by 3.3%. VGSH is a short-term bond ETF that the company had also reduced its stake in during the previous quarter by 26%. It seems that Swift Run Capital Management may be using the freed-up capital to invest in other opportunities.

The report also showed that Swift Run Capital Management started new positions in Fox Corp, with 8770 shares valued at $245,000, and Dexcom Inc with 1314 shares valued at $486,000. These new positions indicate the company sees potential growth opportunities in these companies and is willing to take on the risk.

Closing Thoughts

Swift Run Capital Management's Q3 2020 vs. Q4 2020 13F Holdings comparison report provides valuable insights into the company's investment strategy. The report shows that the company is not afraid to take risks, evidenced by their new positions in Fox Corp and Dexcom, but also values stability shown by its continued investment in Blackstone Group Inc. It will be interesting to see how these investments perform in 2021, and if Swift Run Capital Management will make more bold moves in the coming quarters.