Peavine Capital, LLC Revamps 13F Holdings: Q4 2022 vs. Q1 2023

Peavine Capital, LLC, the Reno-based hedge fund, has revealed significant changes in its holdings in the first quarter of 2023 compared to the previous quarter. The fund's 13F filings with the Securities and Exchange Commission (SEC) show the addition of new securities and the decrease or elimination of some positions. In this article, we highlight the major moves made by the hedge fund and the potential reasons behind them.

SPDR S&P 500 ETF TR: Down by 15.7%

Peavine Capital, LLC trimmed its position in the SPDR S&P 500 ETF TR by 15.7% during the first quarter of 2023. The fund sold 109,916 shares, reducing its total holding to 406,347 shares. The value of the SPY shares held by the hedge fund dropped from $197,434,000 to $166,354,000. One possible explanation for the sell-off is the current market uncertainty and volatility amid rising inflation concerns.

ISHARES TR: Major Changes in Holdings

Peavine Capital, LLC made significant changes to its position in the ISHARES TR family of funds. The fund's holdings in the iShares Short Treasury Bond ETF (SHV) surged by 56.5%, with the addition of 428,075 shares. The value of the SHV shares held by the hedge fund rose from $86,696,000 to $135,671,000. On the other hand, Peavine Capital, LLC slashed its position in the iShares 7-10 Year Treasury Bond ETF (IEF) by 8.6%, selling 164,476 shares. The value of the IEF shares held by the hedge fund declined from $135,258,000 to $123,573,000.

APPLE INC: Steady as She Goes

Peavine Capital, LLC kept its position in Apple Inc. (AAPL) unchanged in the first quarter of 2023. The fund held 22,360 shares of the technology giant, with a value of $3,687,000, the same as in the previous quarter. This indicates the fund's confidence in the long-term prospects of the company.

DIMENSIONAL ETF TRUST: Mixed Movements

Peavine Capital, LLC made slight changes to its holdings in the Dimensional ETF Trust. The fund added to its position in the Dimensional US Core Equity Market ETF (DFUS), buying 31,278 shares, bringing the total holding to 113,478 shares. The value of the DFUS shares held by the hedge fund rose from $472,000 to $504,000. On the other hand, the hedge fund trimmed its position in the Dimensional US Targeted Value ETF (DFAT) by 1.3%, selling 68 shares. The value of the DFAT shares held by the hedge fund declined from $228,000 to $230,000. Lastly, Peavine Capital, LLC held its position in the Dimensional US Small Cap ETF (DFAS) steady.

Other Changes

Peavine Capital, LLC eliminated its position in the Western Alliance Bancorp (WAL), selling all 13,080 shares, resulting in a drastic drop in value from $776,000 to $463,000. The hedge fund also made a fresh entry into Disney Walt Co. (DIS), buying 2,000 shares with a value of $200,000.

Conclusion

Peavine Capital, LLC's Q4 2022 vs. Q1 2023 13F filings indicate the hedge fund's strategy to navigate the current market conditions and position its portfolio for a potentially volatile future. While the sell-off in SPY and IEF may reflect the hedge fund's concern about market risks, the increased holdings in SHV and the steady position in AAPL show the fund's confidence in some sectors and companies. It remains to be seen how these moves will play out in the future, but for now, they provide useful insights for investors looking to align their portfolio with Peavine Capital, LLC's moves.