A Comparison of LNZ Capital LP's Q3 and Q4 2021 13F Holdings: Insights into Hedge Fund Strategy

LNZ Capital LP is a registered investment advisor and a hedge fund firm based in the United States. As with most investment companies, the firm is required to submit a regulatory filing known as Form 13F to the Securities and Exchange Commission (SEC) each quarter. The filing discloses LNZ's investment holdings for the latest quarter and this is what we will be looking at. Specifically, we will focus on the Q3 2021 vs. Q4 2021 13F Holdings Comparison CSV of the firm's listed companies.

The CSV contains information about the holdings of the LNZ Capital LP hedge fund in Q3 and Q4 of 2021. It provides details such as the name of the issuer, the option type, the number of shares held in each quarter, the value of the shares held in each quarter, and the percentage change in holdings of the shares between the two quarters.

AES CORP had no holdings in Q3 2021, but the company's shares saw a significant increase in Q4 2021, rising to 830,000 shares. The value of the shares was $20,169, a considerable investment for LNZ Capital LP.

SEMPRA was another company in which LNZ showed interest in Q4 2021. The firm held no shares of the company in Q3 2021, but in Q4 2021, the firm held 131,000 shares valued at $17,329 at the end of the quarter. This shows that the fund has been buying up energy stocks in Q4.

NEXTERA ENERGY INC was previously owned by the firm, but there was a decrease of 4.4% in holdings of the energy company. The number of shares held fell from 230,000 in Q3 2021 to 185,000 in Q4 2021. Despite the decrease in holdings, the value of the shares held still remained at $17,272.

PG&E CORP saw a significant increase in holdings as LNZ bought 712,200 shares in Q3 2021 and then increased its holdings to 1,210,000 shares in Q4 2021. This resulted in the value of the shares rising steeply from $6,837 to $14,689, a whopping 114.8% increase in value.

One of the most significant increases in holdings came from EDISON INTL as the firm had no holdings in Q3 2021 but then acquired 170,000 shares in Q4 2021 with a corresponding value of $11,603, signalling a renewed interest in the company.

EXELON CORP, on the other hand, saw a 23.1% decrease in holdings, as LNZ Capital LP reduced its holdings from 275,000 shares in Q3 2021 to 177,000 in Q4 2021. This resulted in the value of the shares falling from $13,294 to $10,224.

Another energy company that captured the attention of the firm was VISTRA CORP, which had no holdings in Q3 2021 but then skyrocketed to 310,000 shares in Q4 2021, valued at $7,059.

SUNNOVA ENERGY INTL INC. saw an increase of 12.5% in holdings to 40,000 shares from 30,158 shares, with the value of the shares holding relatively steady year-on-year ($993 in Q3 2021 to $1,117 in Q4 2021).

PLUG POWER INC experienced minor downward pressure, falling from 39,469 shares in Q3 2021 to 36,400 shares in Q4 2021, with the value of the shares dipping from $1,008 to $1,028.

Although there were many ups and downs with holdings, there were three companies in Q4 with no investments from LNZ Capital LP, and these are FIRSTENERGY CORP, XCEL ENERGY INC and AMERICAN ELEC PWR CO INC.

In conclusion, LNZ Capital LP has a diverse range of holdings, ranging from energy companies to tech companies. The firm seems to focus on companies within the energy sector, buying and selling holdings depending on market trends. Nonetheless, there was a significant increase in holdings among some companies as opposed to others, while some experienced a downward trend. The strategies deployed by LNZ Capital LP in Q4 2021 suggest that the firm is preoccupied with environmental, social, and governance (ESG) considerations when it comes to choosing investments, and this may likely continue in 2022.