Scoggin Management LP's Q3 and Q4 2022 13F Holdings: Changes in Investment Strategy from a Distressed Debt Investment Firm

Scoggin Management LP Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investment guru Kyle Bass founded Scoggin Management LP in 2000. With a value of $2.9 billion, Scoggin is an investment firm that specializes in distressed debt and special situations. Hedge funds and asset managers have been under close scrutiny with recent market volatility; investors have been watching changes in holdings with a keen interest. The firm's third-quarter filings show a portfolio value of $2.1 billion, with its fourth-quarter 13F filings indicating a total portfolio value of $3.3 billion.

Scoggin management LP's 13F filing provided insights into the hedge fund's investments during Q3 2022 and Q4 2022. The firm has made significant changes in its holdings, with some companies seeing increased investments and others seeing reduced investments.

Companies with Increased Investment

Activision Blizzard (ATVI)

Activision Blizzard, the American video game company, is one of the companies that witnessed increased investment. Scoggin Management LP currently holds 150,000 shares of ATVI, worth $11.5 million, up from zero shares in the previous quarter. ATVI's shares saw an increase in value in the last quarter due to the success of its franchises, such as World of Warcraft and Call of Duty.

Wynn Resorts Ltd. (WYNN)

Casino and resort operator Wynn Resorts saw a 96.3% increase in shares, with Scoggin Management LP investing in 112,500 shares, now worth $9.2 million. WYNN's share price rose by 34.8% in the last quarter, boosted by improved earnings.

Companies with Reduced Investment

Element Solutions Inc. (ESI)

Specialty chemicals company ESI saw a reduction in shares by 100,000, with Scoggin Management LP now holding 575,000 shares worth $10.5 million. ESI's share price dropped in the last quarter, with the company failing to meet investor expectations.

Apollo Global Management Inc. (APO)

Apollo Global Management, the private equity firm, saw a decrease in shares by 75,000, with Scoggin Management LP now holding 125,000 shares worth $8.0 million. APO's share price declined by 10.4% in the last quarter, following announcements of mixed results.

Five Point Holdings LLC (FPH)

Real estate developer Five Point Holdings saw a reduction in shares by 220,000, with Scoggin Management LP now holding 575,000 shares, worth $1.3 million. FPH's share price dropped by 14.2% in the last quarter, fueled by increasing interest rates in the housing market.

Identiv Inc. (INVE)

Identity technology solutions provider Identiv experienced a reduction in shares by 48,307, with Scoggin Management LP holding zero shares in the company. INVE's share price declined by 33.6% over the past three months, impacted by uncertainty in the identity verification sector.

NRG Energy Inc. (NRG)

IRT-pipe operator NRG Energy has seen a 83.7% decrease in shares, with Scoggin Management LP holding 250,000 shares worth $0.8 million. NRG's share price declined by 20.9%, due to a decline in demand for electricity during the early winter period.

Final Thoughts

Scoggin Management LP's 13F filings show the firm's investment strategy, with holdings in various sectors, including technology, gaming, and energy, among others. The firm's investment decisions are influenced by factors such as financial performance, market trends, and geopolitical risks. These can impact the performance of the fund's investments and highlight the volatility of the market. However, Kyle Bass remains focused on finding opportunities to profit from the market's fluctuation. It is worth noting that 13F filings are just a small representation of the entirety of any given portfolio. Nonetheless, analyzing a hedge fund's holdings can provide insights into investor sentiment and the opportunities they see in the market.