Portfolio Changes: A Look at Cambrian Capital's Q3 and Q4 2019 Holdings

As an investment firm, Cambrian Capital Limited Partnership constantly monitors and adjusts its holdings to ensure maximum returns for its clients. In this blog post, we'll take a closer look at the changes in the firm's 13F holdings between Q3 and Q4 2019.

First, let's examine some of the top holdings that saw a decrease in shares between the two quarters. Diamondback Energy Inc (FANG) saw a 14.8% decrease in shares, while Continental Resources Inc saw a more significant decline of 16%. Albemarle Corp (ALB) and Range Res Corp (RRC) saw their entire holdings sold off, resulting in a -100% change.

Meanwhile, Canadian Natural Res Ltd (CNQ.TO) and Franco Nevada Corp (FNV.TO) each maintained their holdings of 106,900 and 31,000 shares, respectively. Vermilion Energy Inc (VET.TO) saw a substantial increase of 59.6% in shares held, while Wheaton Precious Metals Corp (WPM.TO) and Pioneer Nat Res Co (PXD) both had increases of around 13%.

One of the most interesting changes occurred with California Res Corp (CRCQQ), which saw an increase of 100,000 shares held in a call option, alongside a 24.9% increase in shares held regular shares. Other call options added to the portfolio included Antero Res Corp (AR) and California Res Corp (CRCQQ), while Albemarle Corp (ALB), Golar LNG Ltd Bermuda (GLNG), Range Res Corp (RRC), and Teck Resources Ltd (TECK-B.TO) had their call options sold off.

Overall, Antero Midstream Corp (AM) was the biggest winner in terms of percentage change, with a massive increase of 100.7% in shares held. National Energy Services Reu (NESR) and Crescent Pt Energy Corp (CPG.TO) were the biggest losers, experiencing declines of 33.4% and 14%, respectively.

In conclusion, Cambrian Capital's Q3 and Q4 2019 holdings reveal a mixed bag of changes, with some top holdings sold off entirely and others remaining steady or having significant increases or decreases in shares held. This demonstrates the firm's commitment to constantly evaluating and adjusting its portfolio for maximum returns.