Western Standard LLC's Q3 2022 vs. Q4 2022 13F Holdings: Changes in Healthcare and Aerospace Sectors Noticed

Western Standard LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

The end of a quarter is always an interesting time for investors as they analyze their portfolio and make adjustments where needed. In the investment world, it is a must to track the 13F filings of top investors as they reveal what the biggest players in the game are buying and selling. One such 13F filing that has caught our attention is Western Standard LLC's Q4 2022 holdings. Let's dive deeper into the changes that they have made since Q3 2022.

Firstly, let's take a look at the top holdings of Western Standard LLC as of Q4 2022. They have significantly increased their holdings in Merrimack Pharmaceuticals Inc (MACK) with a 298.6% change in the number of shares held and a staggering 298.9% change in the value of the shares held. What is interesting to note here is that the company did not have any holdings in Opiant Pharmaceuticals Inc (OPNT) in Q3 2022 but have since bought 424,080 shares valued at $8,600. This indicates a bullish sentiment towards the company.

Another company that caught our attention is Bristow Group Inc (VTOL) where the investor has increased their holdings by 43.7%. This is a clear indication that Western Standard LLC is interested in the aerospace and defense sector. Meanwhile, they have reduced their holdings in Turning Point Brands Inc (TPB) by 20.5%, indicating a bearish sentiment towards the tobacco products industry.

In terms of the healthcare industry, Western Standard LLC has increased its holdings in Select Med Holdings Corp (SEM) by 469.8%. The provider of healthcare services has seen a sharp increase in the number of shares held as well as the value of the shares held. On the other hand, they have decreased their holdings in Healthstream Inc (HSTM) by 50.5%. It will be interesting to see how these holdings evolve in the coming quarters.

In the technology sector, the investor has increased its holdings in Verisign Inc (VRSN) by 18.3%. However, the change in the number of shares held has not been significant. The same goes for the increase in holdings in AXALTA Coating Sys Ltd (AXTA), which saw an increase in holdings by 20.9%.

Meanwhile, Western Standard LLC has reduced its holdings in IRhythm Technologies Inc (IRTC) down to 0 shares in Q4 2022. As the company is a provider of digital healthcare solutions that can detect heart rhythm irregularities, this might indicate a less bullish sentiment towards the healthcare sector. The same goes for their reduction in holdings in Farmer Bros Co (FARM) down to 0 shares, indicating a bearish sentiment towards the beverage industry.

It is important to look at companies that have completely dropped off their portfolio as it might indicate a clear bearish sentiment towards the industry. For Western Standard LLC, RLJ Lodging TR (RLJ) dropped out of their portfolio in Q4 2022 after Q3 2022 holdings valued at $6,625. Meanwhile, Forum Energy Technologies Inc (FET), NortonLifeLock Inc (GEN), First Horizon Corporation (FHN), RMR Group Inc (RMR), PFSWeb Inc (PFSW), Alphabet Inc Cap Stk (GOOGL), and Zimvie Inc (ZIMV) are no longer present in their holdings for Q4 2022.

Conclusion:

Investors should always keep an eye out for the 13F filings of top investors to analyze where the smart money is investing. By looking at Western Standard LLC's holdings comparison between Q3 2022 and Q4 2022, we see that the company has a bullish sentiment towards the healthcare and aerospace sectors while having a bearish sentiment towards the tobacco products and beverage sectors. We can't conclude how these holdings will perform in the upcoming quarters, but it's always good to keep an eye on which companies the professionals in the game are putting their money behind.