Oxford Asset Management's Q1 2020 vs. Q1 2020 13F Holdings Analysis Reveals Interesting Shifts

Oxford Asset Management LLP has recently filed its Q1 2020 13F with the SEC, giving us a glimpse into the hedge fund's portfolio holdings. The 13F provides us with actionable data on the fund's investments as of the end of Q1 2020. We have analyzed the Q1 2020 and Q4 2019 13F holdings to identify any significant changes in stock holdings.

During the first quarter, Oxford Asset Management increased its positions in multiple stocks, with EL PASO ELECTRIC CO being the largest addition. The fund added 689,422 new shares, bringing its total holding to 689,422. WABCO HOLDINGS INC and ADVANCED DISPOSAL SERVICES also saw significant increases in the number of shares held.

In contrast, we found that Oxford Asset Management reduced holdings in several widely-held stocks, such as AMAZON COM INC and DISNEY WALT CO. The fund sold off all its shares in CLOUDFLARE INC, a leader in content delivery networks, after holding it for two quarters.

The 13F also reveals that the hedge fund made a new stake in CHINA BIOLOGIC PRODS HLDGS, buying 261,761 new shares. On the other hand, the fund sold out its stake in RIO TINTO PLC entirely. The hedge fund also exited its position in RA PHARMACEUTICALS, ACACIA COMMUNICATIONS, and GRAF INDL CORP. These moves indicate that Oxford Asset Management's portfolio managers are actively reassigning assets based on their latest forecasts.

In the tech sector, LOGMEIN INC saw a sizable dip, with the fund holding 325,156 shares at the end of Q4 but now holding zero shares at the end of Q1. The only technology stock addition was FORTY SEVEN INC, with the fund buying 199,580 new shares. Interestingly, the fund dumped its entire holdings in FORESCOUT TECHNOLOGIES INC.

In the energy industry, the fund purchased new stakes in TEEKAY TANKERS LTD, DHT HOLDINGS, and FRONTLINE LTD. These moves could be an indication that Oxford Asset Management feels bullish about the oil market's long-term prospects.

In conclusion, Oxford Asset Management's portfolio managers were quite active during Q1 2020, as the 13F filing indicates. These regular shifts in holdings are normal and show that investment managers are continually reassessing their holdings to optimize portfolio performance. Investors should always conduct thorough research before investing in any of the securities mentioned to weigh the associated risks.