SkyTop Capital Management LLC Q1 2020 vs. Q2 2020 13F Holdings Comparison

Investing in the stock market can be tricky, especially when it comes to predicting which companies will succeed and which will falter. 13F filings are a good way to gauge what top hedge funds are investing in, and SkyTop Capital Management LLC's Q1 2020 and Q2 2020 holdings make for an interesting comparison. In this article, we'll take a look at the changes in holdings for the top stocks in SkyTop's portfolio.

SkyTop Capital Management LLC is a New York-based hedge fund that primarily invests in technology, media, and telecommunications companies. According to the 13F filings for Q1 2020 and Q2 2020, the fund held positions in a variety of companies with a total value of over $70 million in Q1 2020. However, when comparing Q1 2020 to Q2 2020, it's clear that the fund made some significant changes in its holdings.

One of the standout changes was the complete sell-off of its positions in Alibaba Group and Microsoft. The fund had 65,000 shares in both companies, valued at over $12,000 and $10,000 respectively. In Q2 2020, the fund sold off all of its shares in both companies, resulting in a 100% decrease in holdings.

Another notable change was the complete liquidation of its position in Equinix, a global data center company. In Q1 2020, SkyTop had 16,124 shares in the company worth over $10,000. However, in Q2 2020, the fund sold off all of its shares in Equinix, resulting in a 100% decrease in holdings.

Similar to the previous two companies, SkyTop also liquidated its position in Charter Communications Inc. The fund had 20,000 shares in the company valued at $8,726 in Q1 2020. However, in Q2 2020, it sold off all of its shares in the company, resulting in a 100% decrease in holdings.

Another stock that saw a complete sell-off was Constellium SE, a European aluminum products company. The fund had a whopping 1,566,817 shares in the company, valued at over $8,000 in Q1 2020. However, in Q2 2020, the fund sold off all of its shares in Constellium, resulting in a 100% decrease in holdings.

In addition to the complete sell-offs mentioned above, SkyTop made a few other significant changes to its holdings. The fund reduced its position in Amazon.com Inc., cutting its holdings by 100% from 3,050 shares in Q1 2020 to 0 shares in Q2 2020. The fund also liquidated its position in PayPal Holdings Inc., reducing its holdings by 100% from 50,000 shares in Q1 2020 to 0 shares in Q2 2020.

On the other hand, the fund increased its holdings in multiple companies. Kar Auction Services Inc. saw the biggest increase, with the fund increasing its holdings by over 30% from 394,888 shares in Q1 2020 to over 517,000 shares in Q2 2020. Nexstar Media Group Inc. also saw an increase, with the fund increasing its holdings by over 130% from 75,782 shares in Q1 2020 to over 176,000 shares in Q2 2020.

In conclusion, SkyTop Capital Management LLC made some significant changes to its holdings in Q2 2020 compared to Q1 2020. The fund sold off all of its shares in several companies, including Alibaba Group, Microsoft, Equinix, Charter Communications, and Constellium SE. It also reduced its holdings in Amazon.com Inc. and PayPal Holdings Inc., while increasing its holdings in Kar Auction Services Inc. and Nexstar Media Group Inc. These changes illustrate the ups and downs of investing in the stock market and highlight the importance of constantly reassessing and adjusting investment strategies.