Kingfisher Capital LLC: A Look at Their Third and Fourth Quarter Form 13F Holdings

Investment firms are required by law to disclose their holdings at least once a quarter. These filings, known as Form 13Fs, provide the public with the opportunity to see what stocks hedge funds and other institutional investors are buying, selling, or holding. In this blog post, we will be analyzing the Form 13F filing of Kingfisher Capital LLC for the third and fourth quarters of 2022.

According to the filing, Kingfisher Capital LLC made some significant changes to its holdings during this time. The fund sold off all its shares in SPDR Lehman 1-3 Month T-Bill ETF (BIL) during the fourth quarter of 2022, which had no shares in the third quarter. Instead, they invested in PIMCO Enhanced Short Maturity Active ETF (MINT), acquiring all of its 141,005 shares. This move indicates that the fund was moving towards a more conservative strategy, as MINT invests in short-term, high-quality fixed income securities.

Direxion Daily S&P 500 Bear 3X Shares (SPXS) was another significant change for Kingfisher Capital LLC, with the fund selling nearly 28.3% of their holdings in the fourth quarter. Despite the percentage decrease in shares, the value of holdings only dropped by 28.4% as the price per share increased from Q3 to Q4.

The fund also sold shares in Apple Inc. (AAPL), with a 5.8% decrease in the number of shares between Q3 and Q4 but only a 5% drop-in value, indicating a possible increase in the cost per share. Similarly, Kingfisher Capital LLC increased its position in Abbott Laboratories (ABT) by 34.3%, with the value of the holding rising by 34.6%. Apollo Global Management LLC (APO), Thermo Fisher Scientific (TMO), and Danaher Corporation (DHR) also experienced a positive change in holdings during this period, with an increase in the value of holdings being greater than the percentage increase in shares held.

In contrast, there was a decrease in holdings of Public Storage Com (PSA), Sherwin-Williams Company (SHW), and Alphabet Inc. Class A (GOOGL), with the value of holdings experiencing a bigger decrease than the percentage decrease in shares held. It’s worth noting that there wasn’t a drastic change in the total number of shares purchased and sold in the other stocks in the portfolio.

Furthermore, the fund accumulated shares in Asian markets, with iShares MSCI All Country Asia ex Japan ETF (AAXJ) and iShares MSCI South Korea ETF (EWY) not appearing in the third quarter but totaling over 81,000 shares in the fourth quarter. The value of holdings for these two stocks was $5,253,000, indicating that the fund was attracted to the potential growth in Asian markets.

Another notable change was the addition of Lockheed Martin Corporation (LMT) by Kingfisher Capital LLC during the fourth quarter, with the value of shares purchased being $4,604,000. This move is significant as Lockheed Martin is known for its manufacturing, design, development, and sales of military and defense products, including aircraft, missiles, and satellites.

Finally, the filing revealed that Kingfisher Capital LLC purchased shares in Snowflake Inc. Class A ord (SNOW). Snowflake is a cloud-based data warehousing company that went public in September 2020, and this appears to be the first time the company has been included in the fund's portfolio.

In conclusion, Kingfisher Capital LLC made some significant changes to its holdings during the third and fourth quarters of 2022, with the fund diversifying its portfolio and investing in conservative securities. The investment firm also appears to have made a strategic move toward defense and military products, and there has been an addition of shares in Snowflake Inc, indicating a promising outlook for the data warehousing company. It will be interesting to track their future holdings and investments to see how this portfolio continues to evolve.