Analyzing SIR Capital Management's Q3 2022 vs. Q4 2022 13F Holdings: Which Stocks Did They Buy and Sell?

SIR Capital Management, L.P., a well-known investment management company, recently filed its 13F form with the U.S. Securities and Exchange Commission (SEC) for Q3 and Q4 of 2022. The filing discloses the fund's equity holdings at the end of these quarters. By examining the changes in the company's holdings, we may gain valuable insights into its investment strategies and the market outlook for these specific stocks. In this blog post, we will analyze SIR Capital Management's Q3 2022 vs. Q4 2022 13F holdings and discuss the significant changes in the fund's portfolio.

Before we dive in, it's essential to note that the 13F form only includes long positions, which means that any short positions are not disclosed. Moreover, the 13F form provides a snapshot of a fund's holdings at the end of a particular quarter. As a result, we don't know if SIR Capital Management has made any changes to its portfolio since then. At the same time, the 13F form doesn't disclose the exact dates of when each purchase or sale occurred, making it impossible to know precisely when the transactions took place.

Marathon Oil Corporation (MRO) is one of the most substantial additions to SIR Capital Management's portfolio, ranking first in terms of the percentage increase in shares owned (216.3%). SIR Capital Management's holding of MRO increased from 883,708 shares in Q3 to 2,331,294 shares in Q4. Moreover, the fund's position in Diamondback Energy Inc. (FANG) rose significantly, from 151,516 shares in Q3 to 431,716 shares in Q4, representing a change of 223.5%.

Another notable change in SIR Capital Management's holdings was the increased position of HF Sinclair Corp. (DINO). The fund bought 514,743 new shares of DINO in Q4, increasing their total holding from 166,600 shares to 681,343, or an increase of 294.1%.

Interestingly enough, SIR Capital Management significantly reduced its holdings of Chesapeake Energy Corp. (CHK) and Devon Energy Corp. (DVN). SIR Capital Management's stake in Chesapeake Energy Corp. decreased by 109.3% from 219,509 shares in Q3 to 458,609 shares in Q4. Meanwhile, the company sold all its shares in Devon Energy Corp. (DVN) during Q4, disclosing no shares in the company, resulting in a change of -100%.

Other notable moves by SIR Capital Management include:

- Purchasing 3,462,720 shares of Ovintiv Inc. (OVV.TO), representing a 26.2% increase in the fund's total holdings.

- Selling their entire stake in NOV Inc. (NOV) during Q4, with no reported shares held at the end of the period.

- Reducing position in BP PLC (BP) by 17.2%, from 998,900 shares in Q3 to 676,400 shares in Q4.

To summarize, SIR Capital Management's Q3 2022 vs. Q4 2022 13F filings revealed significant changes in the fund's holdings. The company bought large positions in MRO, FANG, and DINO, while reducing its position in CHK and selling all of its shares in DVN. The fund also disclosed significant purchases in OVV.TO, while selling its entire stake in NOV. It's worth noting that the 13F form only captures a limited snapshot of SIR Capital Management's portfolio, and the company could have made substantial changes since then. It is advisable to consider this information in conjunction with other data sources and not solely rely on it to make investment decisions.