The Rise and Fall of AB CarVal Investors' Holdings: A Q1 2022 vs. Q2 2022 13F Comparison

The financial world is a dynamic place that is always full of surprises, and no one knows this better than investors. One of the ways that investors get an insight into the inner workings of the financial world is by keeping tabs on 13F filings. For those not familiar with the term, 13F is a form that institutional investors with more than $100 million in assets under management are required to file with the SEC. This filing typically lists the fund's holdings as of the end of each quarter and can provide useful insights into what these investors are buying and selling.

In this article, we're going to explore the changes in holdings of AB CarVal Investors, LP between Q1 2022 and Q2 2022, as revealed by their latest 13F filing. We'll take a closer look at the top gainers and losers in their portfolio, and see what this might tell us about their investment strategy.

First up, let's take a look at some of the top gainers in AB CarVal Investors' portfolio. Perhaps unsurprisingly, the top holding that saw the most substantial gains in value was Berry Corp (BRY). As of Q1 2022, AB CarVal Investors held 3,909,475 shares in BRY, with a value of $40,346,000. However, by Q2 2022, this had dropped to 3,483,875 shares, but the value had still increased to $26,547,000. Overall, this represented a change of -34.2%, but the investment still saw significant gains.

Another holding that experienced remarkable growth was Chesapeake Energy Corp (CHK). In Q1 2022, AB CarVal Investors held 309,790 shares in CHK, with a total value of $26,952,000. However, by Q2 2022, this had decreased to 114,563 shares, with a value of $9,291,000. This represented a change of -65.5%, but given the volatility of energy stocks, this wasn't entirely unexpected.

Now, let's turn our attention to the top losers in AB CarVal Investors' portfolio. Perhaps the most surprising of these was California Res Corp (CRC). In Q1 2022, AB CarVal Investors held 291,757 shares in CRC, with a total value of $13,050,000. However, by Q2 2022, these shares were entirely sold off, meaning that AB CarVal Investors no longer had any position in CRC. This was undoubtedly an abrupt change, and it's not clear what might have prompted it.

Another significant loss was Beyond Meat Inc. Though not as dramatic as the CRC case, it's still notable that AB CarVal Investors sold off its entire position of 12,000,000 shares in Beyond Meat Inc between Q1 2022 and Q2 2022, with a total value of $7,170,000 at the time. This shows that AB CarVal Investors has decided to move away from the fast-growing and popular plant-based meat industry and is now seeking investment opportunities elsewhere.

In conclusion, the changes in AB CarVal Investors' holdings over the last quarter were quite dramatic, with some holdings seeing significant gains while others were sold off entirely. Of course, we can only speculate as to why they've made these decisions, but we can infer that they are following a strategy of diversification and risk management. Regardless of the reasons, it's clear that AB CarVal Investors is still a force to be reckoned with in the financial world, and investors will be watching them closely to see what moves they make next.