The Moore Capital Management, LP 13F Holdings Report: A Comprehensive Look at Q3 2022 vs. Q4 2022

When hedge funds like Moore Capital Management, LP release their 13F holdings report, investors and analysts take notice. These reports reveal the stocks held by hedge funds - data that can inform market trends and even impact stock prices. This article takes a closer look at Moore Capital Management, LP's 13F holdings report for Q3 2022 and compares it to their Q4 2022 report.

Moore Capital Management, LP: Who Are They?

Before diving into the 13F holdings report, let's take a closer look at Moore Capital Management, LP. Founded in 1989 by Louis Bacon, the hedge fund manages approximately $8.7 billion in assets. The firm uses macroeconomic analysis to make global investments across asset classes, including fixed income, equities, currencies, and commodities. The firm's investment strategy aims to identify market imbalances and trading opportunities that can produce superior risk-adjusted returns.

Moore Capital Management, LP's Q3 2022 vs. Q4 2022 13F Holdings Report

The Q3 2022 report revealed that Moore Capital Management, LP held 28 stocks in their portfolio. By Q4 2022, that number had decreased to 26. The total value of stock holdings decreased from $4,280,737 thousand in the Q3 2022 report to $3,425,625 thousand in the Q4 2022 report.

The biggest shift in the firm's portfolio was the significant decrease in their holdings of the iShares 20+ Year Treasury Bond ETF (TLT). In Q3 2022, Moore Capital Management, LP held 5,124,600 shares of TLT, valued at $525,015 thousand. By Q4 2022, they had sold off over a quarter of their TLT shares, leaving them with just 3,828,899 shares valued at $381,205 thousand.

Another notable shift was the acquisition of over three million shares of the SPDR S&P Biotech ETF (XBI). In the Q3 2022 report, Moore Capital Management, LP did not hold any shares of XBI. However, by the Q4 2022 report, they had acquired 3,182,662 shares of XBI valued at $264,160 thousand.

Moore Capital Management, LP also significantly increased their call option holdings on iShares MSCI Emerging Markets ETF (EEM) in the Q4 2022 report, going from zero shares in Q3 2022 to 4,130,700 shares valued at $156,553 thousand. They also increased their call option holdings on iShares China Large-Cap ETF (FXI) from 1,232,500 shares in Q3 2022 to 2,027,000 shares valued at $57,364 thousand in Q4 2022.

Conclusion

In conclusion, Moore Capital Management, LP's Q3 2022 vs. Q4 2022 13F holdings report showed several significant shifts in the firm's portfolio. The most notable changes included the significant decrease in their TLT holdings and the acquisition of over three million shares of XBI. It will be interesting to see how these changes play out in the market and whether they yield positive returns for Moore Capital Management, LP.