Surprising Changes in Skba Capital Management LLC's Q3 2022 vs. Q4 2022 13F Holdings

Skba Capital Management LLC, a hedge fund founded in 1994, has recently released its Q4 2022 13F Holdings report, showcasing its holdings as of December 31, 2022. The report revealed some interesting changes in the fund's portfolio, with several surprising moves in its top holdings. In this article, we'll examine the key changes in Skba Capital Management LLC's Q3 2022 vs. Q4 2022 13F Holdings.

First and foremost, Skba Capital Management LLC's most significant holding as of December 31, 2022, was Merck & Co Inc, which it held steady at 188,035 shares. However, the value of the holding increased by 28.7% from $16,210,000 to $20,862,000. Meanwhile, Skba's investment in ConocoPhillips dropped 1.7% as the company reduced its holdings from 204,830 shares to 174,580 shares. The value of the holding dropped from $20,962,000 to $20,600,000.

The top three holdings in Skba Capital Management LLC's Q4 2022 13F Holdings are rounded out by Raytheon Technologies Corp, where the company increased its holdings by 0.1%, from 190,997 shares to 191,197 shares. The value of the holding also increased from $15,635,000 to $19,295,000, a 23.4% increase.

One of the significant changes in Skba Capital Management LLC's holdings was its decision to reduce its holdings in American International Group Inc by 14.9%. In Q3 2022, the fund held 345,435 shares, which were reduced to 295,385 shares in Q4 2022. Similarly, the value of the holding increased by only 13.9% from $16,401,000 to $18,680,000.

International Business Machs was another company that Skba Capital Management LLC reduced its holdings. The fund held 115,480 shares in Q3 2022, which were increased to 118,480 shares in Q4 2022, a 2.6% increase. This increase in holdings, however, did not translate to an increase in value, with the value of the holding only rising by 21.7% from $13,720,000 to $16,692,000.

Kraft Heinz Co, on the other hand, was a company that saw an increase in both the number of shares and the value of the holding. Skba Capital Management LLC increased its holdings in Kraft Heinz Co by 0.7%, from 346,820 shares to 349,180 shares. Similarly, the value of the holding increased from $11,566,000 to $14,215,000, a 22.9% increase.

Overall, Skba Capital Management LLC's Q4 2022 13F Holdings report showed several surprising moves, with the fund reducing its holdings in some companies while increasing them in others. Merck & Co Inc remained the fund's most significant holding, followed by ConocoPhillips and Raytheon Technologies Corp. It will be interesting to see how these holdings continue to evolve throughout 2022, as Skba Capital Management LLC navigates the ever-changing investment landscape.