The Rise and Fall of Q3 2022 vs. Q4 2022: A Kerrisdale Advisers, LLC Fund Holdings Comparison

Investment firms like Kerrisdale Advisers, LLC continuously monitor their fund holdings through SEC Form 13F filings. These documents, required by the SEC, provide insights into the holdings of investment managers. Kerrisdale Advisers, LLC's Q3 2022 vs. Q4 2022 13F Holdings Comparison reveals a mixed bag of changes in its portfolio. In this blog post, we'll examine the most significant changes in the fund's holdings.

Firstly, Kerrisdale Advisers, LLC sold a large portion of its holdings in Valaris Limited (VAL), reducing its shares from 555,046 to 314,658, resulting in a decrease of 21.7% in the Q4 2022 value. Similarly, its holdings for Lam Research Corp (LRCX) dropped significantly, from 70,123 to 19,008, resulting in a decrease of 68.9% in Q4 2022 value. The company appears to have lost confidence in these stocks, leading to their divestment.

On the other hand, the company is bullish on some stocks, as evidenced by their purchase of 251,738 shares of PayPal Holdings Inc (PYPL). This represents an increase of 3919.9% in Q4 2022 value. Similarly, they acquired 44,894 shares of Tidewater Inc New (TDW), resulting in a 50.1% increase in Q4 2022 value. The company is optimistic about these stocks and has increased its holdings.

Another substantial increase in the fund's holdings is in Madison Square Garden Entertainment Corp (MSGE). The company increased its shares from 51,332 to 147,526, resulting in a monumental increase of 193.2% in Q4 2022 value. The gaming and theatre company has recently seen a surge in users, garnering investors' attention.

Investors can also gauge the company's sentiment for individual stocks through its option type. For instance, Kerrisdale Advisers, LLC holds no options for Noble Corp PLC (NE) in Q3 2022, but in Q4 2022, they acquired 426,260 shares. The company's bullishness towards this stock is apparent, with no shares held in Q3 but a substantial purchase in Q4.

One notable stock with no change in Q3 and Q4 2022 is Liquidia Corporation (LQDA), with zero shares in both quarters. On the other hand, Weibo Corp (WB) remained a constant in quantity, with 34,826 shares held in both quarters, with a minimal Q4 2022 value increase of 11.7% compared to Q3 2022.

In conclusion, Kerrisdale Advisers, LLC's Q3 2022 vs. Q4 2022 13F Holdings Comparison shows that the company made significant divestments in Valaris Limited and Lam Research Corp, selling a substantial portion of its shares, but increasing its holdings in several stocks such as Tidewater Inc New and Madison Square Garden Entertainment. Overall, these moves show the firm's positive sentiment in some stocks and its decreasing confidence in others, indicating a careful and calculated approach to maintaining a successful investment portfolio.