The Rise and Fall of Ajo LP's 13F Holdings: A Q4 2020 vs. Q1 2021 Comparison

The world of stock market investments is full of surprises. One day, a company's stocks could be skyrocketing, and the next day, they could be taking a plunge. The same is true for Ajo LP, a registered investment advisory firm based in Pennsylvania. In this blog post, we will take a closer look at the changes in Ajo LP's 13F holdings for Q4 2020 vs. Q1 2021 and analyze what led to these fluctuations.

Before we dive into the specifics of Ajo LP's 13F holdings, let's first understand what this term means. 13F filing is a quarterly form filed by institutional investors that lists all their investment holdings. Ajo LP manages funds for clients such as pension plans, endowments, foundations, and other institutions.

According to the Q4 2020 vs. Q1 2021 comparison, Ajo LP's 13F holdings underwent several changes. The most significant increase was in Vistra Corp (VST) with a change percentage of 459%. Ajo LP's shares in Vistra Corp increased from 82,730 in Q4 2020 to 514,130 in Q1 2021. This drastic increase in holdings could be attributed to the company's strong financial performance and growth prospects.

The other major increases in holdings were in Signet Jewelers Ltd (SIG), SYNNEX Corp (SNX), and Ford Motor Co (F), with change percentages of 96.3%, 267.5%, and 34.3%, respectively. Conversely, the biggest decline in holdings was in Warrior Met Coal Inc (HCC) with a change percentage of -35.4%. The company's shares dropped from 352,265 in Q4 2020 to 283,333 in Q1 2021. Other significant declines in holdings were in Arch Resources Inc (ARCH) and HP Inc (HPQ), with change percentages of -49.7% and -78.6%, respectively.

It is worth noting that Ajo LP completely sold out its holdings in two companies: DHT Holdings Inc (DHT) and Danaos Corp (DAC), with shares worth $2,392 and $1,913, respectively. On the other hand, the company initiated holdings in two new companies: CAI International Inc (CAI) and Adecoagro SA (AGRO) with shares worth $1,572 and $386, respectively.

One of the most prominent changes in Ajo LP's Q4 2020 vs. Q1 2021 13F holdings comparison was the complete sell-out of its Verizon Communications Inc (VZ) shares. In Q4 2020, Ajo LP held 339,156 shares in the company worth $19,925,000. However, in Q1 2021, the company's 13F filing showed zero holdings in Verizon Communications Inc. Similarly, Ajo LP sold out all its holdings in Alphabet Inc (GOOGL), Citigroup Inc (C), Exxon Mobil Corp (XOM), Johnson & Johnson (JNJ), Morgan Stanley (MS), Home Depot Inc/The (HD), Micron Technology Inc (MU), Goldman Sachs Group Inc/The (GS), Berkshire Hathaway Inc (BRK-B), Activision Blizzard Inc (ATVI), Philip Morris International (PM), and several other companies.

At the same time, the company initiated holdings in new companies like iShares MSCI India ETF (INDA), Star Bulk Carriers Corp (SBLK), and Entercom Communications Corp (AUD), with shares worth $200, $153, and $1,708, respectively. These changes in holdings could be attributed to various reasons, including the companies' financial performance, growth prospects, market trends, and global events.

In conclusion, Ajo LP's Q4 2020 vs. Q1 2021 13F holdings comparison showed multiple changes in the company's investment portfolio. While some companies' holdings increased significantly, others saw a significant decline, and some were completely sold off. As an investment firm, Ajo LP's changes in holdings reflect its efforts to maximize clients' returns and minimize risks in the ever-changing world of investments.