Mariner Investment Group LLC's Q3-Q4 2022 13F Holdings Report: Decreases, Increases, and Options Trading

Mariner Investment Group LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Mariner Investment Group LLC recently released its 13F holdings comparison for Q3 2022 and Q4 2022. The report shows how the fund's holdings have changed over the course of these two quarters. In total, the fund's portfolio decreased by 6.43% from $51.6 million in Q3 2022 to $48.3 million in Q4 2022. The report indicates that the fund has made some interesting moves in its portfolio over the past few months. In this blog post, we will summarize the changes in holdings in this fund.

Decrease in Holdings

The fund's holdings in HERTZ GLOBAL HLDGS INC decreased by 10.4% from 506,374 shares in Q3 2022 to 480,065 shares in Q4 2022. The Q3 2022 value of these shares was $8,244,000, whereas their Q4 2022 value was $7,388,000. This decrease represents a trend in the fund's portfolio as it looks to trim its asset base.

Increase in Holdings

The report also shows that the fund has increased its holdings in several companies. The holdings in SEVEN HILLS REALTY TRUST increased by 3.7% from 204,582 shares in Q3 2022 to 212,846 shares in Q4 2022. Similarly, the holdings in WESTERN ASSET MANAGED MUNS F increased by 1.02% from 121,612 shares in Q3 2022 to 117,003 shares in Q4 2022.

The most significant increase in holdings was in WESTERN AST INFL LKD OPP & I, where the fund's shares increased by 279.2%. In Q3 2022, the fund held 32,280 shares, which increased to 121,719 shares in Q4 2022. The Q3 2022 value of these shares was $293,000, while the Q4 2022 value was $1,111,000.

Options Trading

The fund also made some interesting moves in options trading. The holdings in MARATHON DIGITAL HOLDINGS IN increased significantly by 77.3%, but it was in put options rather than common stock holding. In Q3 2022, the fund held 500,000 shares, which increased to 775,000 shares in Q4 2022. However, it is worth noting that the Q3 2022 value of these shares was $590,000, while the Q4 2022 value was $1,046,000. This suggests that the fund has taken a bearish stance on this stock by purchasing put options.

Similarly, the fund's holdings in ISHARES TR increased in put options rather than common shares as well. The Q3 2022 report shows that the fund had a call option on this stock, but in Q4 2022, it has shifted to holding a put option with a total value of $28,000. This could be an indication that the fund is bearish on the stock and expects its value to decrease in the near future.

Changes in Value

The report also shows that the fund's holdings in AVAYA HLDGS CORP decreased significantly by 87.6% from 18,030,000 shares in Q3 2022 to 2,303,000 shares in Q4 2022. The Q3 2022 value of these shares was $7,888,000, whereas their Q4 2022 value was $979,000. This decrease in value represents a trend in the market as the company's performance has not matched investors' expectations.

In contrast, the fund's holdings in BLACKROCK MUNIYIELD FD INC increased by 579.8% from 10,000 shares in Q3 2022 to 64,688 shares in Q4 2022. The Q3 2022 value of these shares was $99,000, while the Q4 2022 value was $673,000. This increase in value represents a bullish stance on the stock by the fund.

Conclusion

In summary, Mariner Investment Group LLC has made some interesting moves in its portfolio over the past few months. While the fund has decreased its asset base, it has still made some bullish moves by increasing its holdings in some companies. However, its options trading shows that the fund is not confident about the immediate future of some stocks. Overall, investors should keep a close eye on the fund's portfolio as it continues to adjust its holdings in various companies.