Analyzing Glacier Peak Capital LLC's Q2 and Q3 2019 13F Holdings: A Comparison

Investors are always interested in the moves of various funds to gain insights into market trends. One such fund is Glacier Peak Capital LLC, whose changes in holdings between Q2 and Q3 of 2019 are the subject of this article. In this piece, we will analyze the top holdings in the fund, highlight the changes, and explore the reasons behind the adjustments made.

Glacier Peak Capital LLC's Q2 Holdings: Overview

In Q2 of 2019, Glacier Peak Capital LLC had a total of 40 holdings with a total value of $45,179,000. The top five holdings in the fund were Volt Information Sciences, VanEck Vectors Gold Miners ETF, Kayne Anderson MLP/Midstream Investment Company, Schwab U.S. Large-Cap ETF, and Berkshire Hathaway Inc. Class B, which constituted 23.94%, 13.69%, 10.20%, 7.08%, and 8.52% of the portfolio, respectively.

Glacier Peak Capital LLC's Q3 Holdings: Overview

Comparing Q3 and Q2, the fund's total number of holdings increased to 43 with a total value of $36,716,000. The top five holdings in Q3 were as follows: Amazon.com, Inc., Ashford Inc., Cabot Oil & Gas Corporation, Nexstar Media Group, Inc. Class A, and Electronic Arts Inc. These five holdings constituted 28.50%, 7.52%, 5.68%, 4.46%, and 3.99% of the portfolio, respectively.

Top Gainers and Lossers

The top gainer in Q3 was Amazon.com, Inc., which had a percentage change of 963.5%. The second biggest gainer was Activision Blizzard, Inc., which had an increase of 171.3%, followed by Colnoy Capital, Inc. Class A, which had a rise of 172.6%.

On the other hand, the biggest loser was Biogen Inc., which suffered a decline of 92.8%. The second-biggest loser was Meta, Facebook, Inc. Class A, which had a decrease of 88.6%, while NVIDIA Corporation slumped by 100% as the fund sold all its holdings in the company.

Reasons Behind the Changes

The changes in holdings made by Glacier Peak Capital LLC could be attributed to various factors. First, the fund may have been looking to diversify its portfolio by investing in different sectors. Although the fund's holdings in gold miners ETFs decreased, it boosted its investments in Amazon and Nexstar Media Group, indicating that it was placing more focus on technology and media.

Another reason could be that the fund may have sold some of its shares to realize profits or curtail losses. An excellent example of such a strategy in action was the fund's decision to sell all its holdings in NVIDIA Corporation.

Conclusion

In summary, Glacier Peak Capital LLC made some significant adjustments to its holdings in Q3 of 2019. The fund's investment in technology and media sectors was particularly noteworthy, with Amazon, Nexstar Media Group, and Electronic Arts finding their way into the top holdings. Moreover, the decision to exit NVIDIA Corporation entirely suggests that the fund was willing to cut its losses and move on. Overall, it would be interesting to see how the fund performs in the future based on these changes.