Kayak Investment Partners LLC Shows Significant Shift in Investment Strategy: Q2 2022 vs. Q3 2022 13F Holdings Comparison

Kayak Investment Partners LLC, a hedge fund with over $500 million in assets under management, recently filed their 13F form with the SEC for Q3 2022. This form lists all the fund's holdings as of the end of the quarter, and provides interesting insights into the fund's investment strategy. In this blog post, we will summarize the changes in holdings of Kayak Investment Partners LLC Q2 2022 vs. Q3 2022 13F holdings comparison.

Looking through the form, it is immediately clear that Kayak Investment Partners LLC made some significant changes to their portfolio during the third quarter. The most noteworthy change is their complete divestment from Amazon.com Inc. (AMZN), Walt Disney Co. (DIS), Yelp Inc. (YELP), Pinterest Inc. (PINS), Uber Technologies Inc. (UBER), Nu Holdings Ltd. (NU), Rivian Automotive Inc. (RIVN), Microsoft Corp. (MSFT), Warner Music Group Corp. (WMG), Docusign Inc. (DOCU), Fastly Inc. (FSLY), ServiceNow Inc. (NOW), PagerDuty Inc. (PD), Snowflake Inc. (SNOW), and Warner Bros Discovery Inc. (WBD).

The largest holding Kayak Investment Partners LLC divested during the quarter was Amazon.com Inc. The fund owned 66,740 shares of the company in Q2 2022, with a value of $7,088,000, and sold all of its shares by the end of Q3 2022. Similarly, Kayak Investment Partners LLC sold all of its 56,206 shares of Walt Disney Co. worth $5,306,000, and all of its 190,865 shares of Yelp Inc. worth $5,300,000, among others.

This divestment from so many companies in so many different industries suggests that Kayak Investment Partners LLC may be shifting their investment strategy. It is possible that the fund is moving towards a different investment style, such as value investing or growth investing, and is therefore selling off companies that don't fit their new strategy.

It is also interesting to note that Kayak Investment Partners LLC did not purchase any new stocks during the third quarter. This suggests that the fund may be taking a more cautious approach to investing, and may be waiting for the market to stabilize before making any new investments.

While the complete divestment from so many companies is noteworthy, it is important to remember that this is just one snapshot in time of Kayak Investment Partners LLC's portfolio. The fund may have reinvested its assets into new companies or taken other actions after the end of the quarter that is not reflected in this Form 13F.

In summary, the recent changes in holdings of Kayak Investment Partners LLC's Q2 2022 vs. Q3 2022 13F holdings comparison suggest a significant shift in the fund's investment strategy. The divestment from so many companies in so many different industries is a clear signal of a change in investment style, and it will be interesting to see how Kayak Investment Partners LLC's portfolio evolves in the coming months. Investors should keep an eye on the fund's behavior and performance to see how these changes impact their returns.