Simcoe Capital Management's Q3 vs. Q4 2022 13F Comparison: Significant Changes Revealed

Simcoe Capital Management, LLC recently released its Q3 2022 vs. Q4 2022 13F holdings comparison report, which showed some significant changes in the fund’s holdings. The report includes information on the shares and values of different companies that Simcoe Capital Management invested in, and reveals a shift towards some novel investments.

One of the most interesting changes is the increase in holdings of MAXAR TECHNOLOGIES INC. While the Q3 2022 value of shares was $58,625, the Q4 2022 value increased to a whopping $144,372 - a 146.3% increase. However, it is worth noting that while MAXR was a regular holding of the fund, the Q4 report shows that Simcoe Capital Management made a call option investment in MAXR, purchasing 1,560,300 shares. This could indicate the fund is bullish on the future of MAXR and expects its stock to perform well.

Another significant increase in holdings was made in Asbury Automotive Group Inc. The Q3 2022 report shows the fund holding 642,505 shares worth $97,083, while the Q4 2022 report shows 777,265 shares worth $139,324. This represents an increase of 43.5%. This suggests that the fund is bullish on the automobile industry and expects Asbury Automotive Group Inc. specifically to perform well in the coming months.

Knowles Corp saw the biggest change in holdings, as Simcoe Capital Management acquired 4,066,780 shares worth $66,776 in Q4 2022. This was a significant increase from the Q3 2022 report, which indicated that the fund had no holdings in the company. This could suggest that the fund is looking to diversify its holdings and invest in new industries beyond its regular investments.

On the flip side, the fund also made some notable reductions in its holdings. Cross Ctry Healthcare Inc saw a huge drop in holdings from 2,278,098 shares in Q3 2022 to 1,602,513 shares in Q4 2022, representing a 34.1% decrease in holdings. This suggests that Simcoe Capital Management may be moving away from this particular industry or company.

Overstock Com Inc Del also saw a substantial decrease in holdings, from 1,746,855 shares in Q3 2022 to 1,271,745 shares in Q4 2022 - a 42.1% slump. While Overstock Com Inc Del had been a regular holding of the fund, this reduction indicates that Simcoe Capital Management might be losing confidence in the company.

Furthermore, Two companies disappeared from the Q4 2022 report. Nexstar Media Group Inc and Six Flags Entmt Corp New were both held by the fund in Q3 2022. However, the Q4 2022 report shows that Simcoe Capital Management has sold all of its shares in both companies. Similarly, the report shows that the fund moved away from Williams Sonoma Inc and Far Peak Acquisition Corp, selling all of its shares in these companies.

Overall, the Simcoe Capital Management Q3 2022 vs. Q4 2022 13F holdings comparison report demonstrates how the fund embraces some novel investments while moving away from others. With a focus on diversification, the fund seems to have made some significant investments that could pay off in the future. However, only time will tell if these investments prove to be profitable.