VIEX Capital Advisors, LLC Q2-Q3 2022 13F: Key Changes in Holdings and Portfolio Value

As an investor, it's important to stay on top of market trends and changes in holdings of your investment fund. The 13F filings of VIEX Capital Advisors, LLC for Q2 and Q3 of 2022 reveal some interesting shifts in portfolio holdings and value. In this blog post, we will analyze these changes and their potential implications for investors.

Introduction:

VIEX Capital Advisors, LLC is a New York-based investment firm that specializes in activist investing in small- and mid-cap companies. The firm's 13F filings for the quarters ending June 30th, 2022 and September 30th, 2022 provide valuable insight into the firm's recent investment activity. In particular, changes in holdings and portfolio value can provide clues about investment strategies and market outlook.

Main Body:

The biggest change in holdings for VIEX Capital Advisors, LLC was the purchase of 300,000 call options for COGNYTE SOFTWARE LTD. This decision resulted in an increase in Q3 2022 holdings to 529,625 shares and a value of $1,212,000. This investment represented 3.32% of the firm's total portfolio value, making it a significant addition to VIEX's holdings. The call options represented a bullish stance on the company's future prospects and could signal further investment in the future.

Another notable change was the divestiture of COMM's holding, which was held in the form of call options in Q2 2022. At the time, the investment was valued at $3,089,000, accounting for 8.6% of the portfolio's value. However, the call options expired worthless, resulting in a complete divestment from COMM. While it's unclear why VIEX chose to invest in COMM in the first place, the fact that the call options were allowed to expire suggests a lack of faith in the company's future potential.

Other important changes in holdings include an increase in shares of QUOTIENT TECHNOLOGY INC (24.5%), a decrease in shares of PIXELWORKS INC (24.6%), and the acquisition of new holdings in BENEFITFOCUS INC (4.4%) and CASA SYS INC (100%). In general, VIEX seems to be adding to companies with positive growth prospects while reducing exposure to those with declining outlooks.

Conclusion:

The 13F filings for VIEX Capital Advisors, LLC provide valuable insights for investors. The shift towards call options in COGNYTE SOFTWARE LTD suggests a bullish outlook on this company's future prospects. Meanwhile, the divestment in COMM and reduction in holdings for PIXELWORKS INC are signals of reduced faith in those companies. Investors should monitor VIEX's future investment activity to gain deeper insights into the firm's investment strategy and market outlook.