The Changing Landscape of Old West Investment's Holdings: A Q3 2022 vs. Q4 2022 Analysis

In the world of investments, change is a constant. It's a fast-paced, ever-evolving landscape that requires investors to keep their fingers on the pulse to stay ahead of the game. As an investor, it's important to dig deep into a company's financial statements, analyze various ratios, and understand macro-economic factors. One trend that investors also pay close attention to is the changes in holdings of investment firms. In this post, we will be exploring the changes in holdings of Old West Investment Management, LLC from Q3 2022 to Q4 2022.

Old West Investment Management, LLC is an investment management firm that operates out of California. They manage $626 million in assets and focus mainly on mid-cap companies. According to the 13F filings submitted to the SEC on February 4, 2023, they made some interesting changes to their holdings. Some notable additions to their holdings from Q3 2022 to Q4 2022 include SmartRent Inc and Limoneira Co. On the other hand, they completely liquidated their position in LSB Industries Inc, which was worth $2.4 million in Q3 2022.

Let's explore some of the significant changes in holdings by Old West Investment Management, LLC in Q3 2022 vs. Q4 2022:

SmartRent Inc

SmartRent Inc is a hybrid smart home automation company that focuses mainly on property managers, home builders, and single-family rentals. Old West Investment Management, LLC added 2.1 million shares of SmartRent Inc to their portfolio, which is an increase of 328.4% from their holdings in Q3 2022. It's interesting to see this addition to their portfolio, given that SmartRent Inc is a relatively new company that went public in 2021.

Limoneira Co

Old West added 1.8 million shares of Limoneira Co, a diversified citrus fruit growing, packing, and marketing company based in California. The company was founded in 1893 and went public in 1986. The addition of Limoneira Co to their portfolio is notable as the company saw a 14.2% increase in value during Q4 2022.

LSB Industries Inc

Old West completely liquidated their position in LSB Industries Inc, which was worth $2.4 million in Q3 2022. LSB Industries Inc is a chemical manufacturing company that produces and sells chemicals used in the agricultural, mining, and industrial markets. Old West's decision to completely liquidate their position in the company might be due to the recent supply chain disruptions and shortages of raw materials.

Barrick Gold Corp

Old West decreased their holdings in Barrick Gold Corp by 1.5%. Barrick Gold Corp is a mining company that produces gold and copper. Old West's decision to decrease their holdings in Barrick Gold Corp might be due to concerns around the global economy and its impact on precious metals.

Conclusion

Investing is a dynamic field, and investors need to keep up with the fast pace of changes in the market. The changes in holdings made by Old West Investment Management, LLC from Q3 2022 to Q4 2022 show that they are keeping an eye on emerging technologies, mid-cap firms, and diversified companies. As a retail investor, it's essential to keep an eye on the 13F filings submitted by investment firms to the SEC to gain an understanding of where the big fish are placing their money. While following institutional investors' moves isn't a guarantee of success, it can be a valuable tool in informing your investment decisions.