13D Management LLC Q3 2022 vs. Q4 2022: Analyzing Changes in Fund Holdings

The latest 13F filings for Q3 2022 and Q4 2022 have revealed some interesting changes in holdings by 13D Management LLC. In this blog post, we will provide a comprehensive analysis of these changes, comparing data for both quarters and highlighting the largest gains and losses.

Firstly, we can see that 13D Management LLC reduced their holdings in HWM (Howmet Aerospace Inc.) and THS (Treehouse Foods Inc.) in Q4 2022, with a decrease of 11.6% and 6.6% respectively. However, both companies are still included in the top holdings list. ARMK (ARAMARK) was another holding with a decrease of 1.9%. On the other hand, DLTR (Dollar Tree Inc.) experienced the largest decrease among top holdings with a loss of 7%.

Moving on to companies that experienced an increase in holdings, ALKS (ALKERMES PLC) was the most significant addition with an increase of 8.1%. GDDY (GoDaddy Inc.), PSO (Pearson PLC), and MRCY (Mercury Sys Inc) also showed an increase in holdings, with gains of 2.6%, 9.9%, and 3.7% respectively. However, SWX (Southwest Gas Hldgs Inc.) experienced the largest loss of 15.3% among all holdings.

Interestingly, MDU Res Group Inc. (MDU) and Crown Hlds Inc. (CCK) were not present in Q3 2022 holdings, but were added to Q4 2022 holdings. MDU Res Group Inc. had a total value of $6,535,000, which means it was added to the portfolio as a top holding right off the bat. CCK, added to the portfolio with a value of $5,327,000, was not present in the previous quarter.

Dana Inc. (DAN) and Green Dot Corp. (GDOT) also showed significant gains, with 1,834.9% and 1,109.1% increases respectively. Dana Inc. showed an increase in shares from 24,001 to 350,401 and Green Dot Corp. increased from 19,689 to 285,835 shares. These types of huge gains are not common, indicating that 13D Management LLC has high confidence in the future of these companies.

Lastly, four out of the top holdings, Olin Corp. (OLN), Enviva Inc. (EVA), New Relic Inc. (NEWR), and Elanco Animal Health Inc. (ELAN) were not present in Q4 2022 holdings. In fact, these companies were completely removed from the portfolio, showing that 13D Management LLC thought it was time to move on.

In conclusion, 13D Management LLC showed some interesting changes in their holdings for Q3 2022 vs Q4 2022, with some significant gains and losses. Good performance by several companies, such as ALKS, GDDY, PSO, and MRCY indicated that these companies have a bright future. However, the decrease in holdings by HWM and THS troubled the fund with notable losses. Based on this analysis, we can conclude that 13D Management LLC has a close eye on the companies they are investing in, constantly adapting to the market trends.