King Street Capital Management's Q3 2022 vs. Q4 2022 13F Holdings: A Deep Dive

King Street Capital Management, L.P., a hedge fund founded in 1995 by Brian J. Higgins is one of the leading hedge funds in the world with assets under management (AUM) of $23.5 billion as of Q4 2022. The hedge fund is famous for its skilled arbitrage strategies and long-term investments in credit-sensitive investments. In this analysis, we look at the changes in King Street Capital Management's Q3 2022 vs. Q4 2022 13F holdings.

Here are some of the fund's top portfolio changes.

VCSH - Vanguard Scottsdale Fds

King Street Capital Management, L.P.'s Q4 2022 holdings in Vanguard Scottsdale Fds increased to 4,535,000 shares, a staggering 118.6% increase compared to its Q3 2022 holdings of 2,100,000 shares. This increase is remarkable, and it is intriguing to know what factors informed the hedge fund's decision to add to its holdings.

SEA LTD

King Street Capital Management, L.P. also added to its SEA LTD holdings, a leading internet and mobile platform company. The hedge fund increased its Q4 2022 holdings in SEA LTD to 101,000,00 shares, up from its Q3 2022 holdings of 93,000,000 shares. This change in holdings represents a 15.8% increase.

Affirm Hldgs Inc

One of the significant changes in King Street Capital Management, L.P.'s portfolio in Q4 2022 was its addition to Affirm Hldgs Inc, a financial technology company that offers installment loans. The hedge fund added 120,500,000 shares to Affirm Hldgs Inc in Q4 2022, up from zero holdings in Q3 2022.

DISH NETWORK CORPORATION

King Street Capital Management, L.P. maintained its DISH NETWORK CORPORATION holdings in Q4 2022, with 41,500,000 shares, the same as its Q3 2022 holdings. However, it is notable that the value of the holdings decreased from $28,495,000 in Q3 2022 to $26,073,000 in Q4 2022, representing an 8.5% decrease.

Conclusion

The changes in King Street Capital Management, L.P.'s Q3 2022 vs. Q4 2022 13F holdings are significant developments to note. The company's stake in Vanguard Scottsdale Fds and SEA LTD increased, indicating the hedge fund's continued confidence in both companies. The inclusion of Affirm Hldgs Inc in its portfolio and the unchanged holdings in DISH NETWORK CORPORATION are also noteworthy. These moves show the hedge fund's efforts to continually improve its portfolio and strategically position itself in the market.