Shifting Strategies: A Look at Woodson Capital Management's Q3 2022 vs. Q4 2022 13F Holdings

Investment management is a complex field. The decisions made by fund managers regarding their portfolio holdings can make or break their clients' investments. These holdings are made public through 13F filings with the SEC, which reveal which stocks the manager has bought and sold. In this article, we will be analyzing the Q3 2022 vs. Q4 2022 13F holdings comparison of Woodson Capital Management, LP.

Woodson Capital Management, LP is a New York-based hedge fund firm founded in 2013. Its focus is on generating long-term capital appreciation through investments in undervalued and underperforming companies in various industries. According to the latest 13F filings for Q4 2022, Woodson Capital Management manages a portfolio valued at $1,363,942,000.

Let's take a closer look at some of its significant holdings:

DECKERS OUTDOOR CORP (DECK)

During Q4 2022, Woodson Capital Management shed 9,000 shares of DECK, reducing their holdings to 156,000 shares. The Q3 2022 value of their holdings in DECK was $51.5 million, which increased to $62.3 million in Q4 2022. DECK is a top-performing stock in the portfolio, with a year-to-date increase of 25.8%.

ALPHABET INC (GOOGL)

Woodson Capital Management increased its holdings in GOOGL by 12.2% during Q4 2022, from 410,000 shares to 462,000 shares. However, the value of their holdings decreased from $39.2 million in Q3 2022 to $40.8 million in Q4 2022. GOOGL has been a consistent performer in the portfolio, with a year-to-date increase of 39%.

PELOTON INTERACTIVE (PTON)

Woodson Capital Management sold 472,985 shares of PTON during Q4 2022, reducing their holdings from 2,248,685 to 1,962,700. The value of their holdings remained unchanged at $15.6 million. PTON has struggled this year, with a year-to-date decrease of 41%. The company's management shakeup and product recalls have contributed to the decrease.

SUNCOR ENERGY INC (SU.TO)

Woodson Capital Management increased its holdings in SU.TO by 23.5% during Q4 2022, from 1,295,000 shares to 1,598,500 shares. The Q3 2022 value of their holdings was $28.1 million, which increased to $36.5 million in Q4 2022. Suncor Energy is a Canadian oil and gas company that has seen a turnaround in its fortunes due to rebounding oil prices.

INVITATION HOMES INC (INVH)

Woodson Capital Management reduced its holdings in INVH during Q4 2022, from 850,000 shares to 750,000 shares, resulting in a decrease in the value of their holdings from $28.7 million to $22.2 million. INVH is a property management and rental company that has been hit by the COVID-19 pandemic, which has significantly lowered demand for rental properties.

MISTER CAR WASH INC (MCW)

Woodson Capital Management increased its holdings in MCW during Q4 2022, from 3,770,000 shares to 3,900,000 shares, resulting in an increase in the value of their holdings from $32.3 million to $36.0 million. Mister Car Wash is the largest car wash company in the United States, with over 250 locations across 21 states.

Conclusion

Woodson Capital Management's Q3 2022 vs. Q4 2022 13F holdings comparison shows the firm is actively managing its portfolio, increasing its holdings in undervalued companies in industries such as oil and gas and car washes while reducing its holdings in struggling companies such as Peloton Interactive and Invitation Homes. By keeping an eye on shifts in holding strategies of firms like Woodson Capital Management, investors can gain valuable insights into market trends and adjust their portfolios accordingly.