Aristeia Capital LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison: An Insight into the Top Investments

The Securities and Exchange Commission (SEC) requires all institutional investment managers managing over $100 million in assets to file a form 13F, a quarterly report of their equity holdings. These filings offer a glimpse into the trading activities of institutional investors and can provide insights into the strategies being implemented by investment firms. In this article, we will take a look at the Q3 2022 vs. Q4 2022 13F holdings comparison of Aristeia Capital LLC and gain an understanding of the rationale behind their top investments.

Aristeia Capital, LLC is a New York based investment management firm. The firm primarily invests in public equity and fixed income markets across the globe. Aristeia Capital has an impressive track record, with an annualized return of around 20% since its inception in 1997.

Now, let's dive deep into the top investments made by Aristeia Capital in Q3 2022 vs. Q4 2022.

The biggest change in Aristeia Capital's portfolio was the increase in its holdings of Liberty Broadband Corporation (LBRDK) by 8.8%. Liberty Broadband Corporation is a holding company that invests in cable operators and broadband communications businesses. Aristeia added around 533,832 shares of LBRDK, increasing its total holdings to 6,550,306 shares in Q4 2022, with a total value of $499,591,000.

On the flip side, the firm reduced its holdings in Occidental Petroleum Corporation (OXY) by 20.5%. Occidental Petroleum is an international energy company that explores and produces oil and gas. Aristeia sold around 117,910 shares of OXY, reducing its total holdings to 4,533,586 shares in Q4 2022, with a total value of $186,375,000.

Aristeia Capital made a substantial investment in four SPACs (Special Purpose Acquisition Companies) - Ares Acquisition Corporation (AAC), FTAC Hera Acquisition Corp. (HERA), Elliott Opportunity II Corp. (EOCW), and Churchil Capital Corp. VII (CVII) in Q4 2022. Ares Acquisition Corporation aims to acquire one or more businesses and assets, while Hera Acquisition Corporation intends to focus on the healthcare industry. Elliott Opportunity II Corp and Churchill Capital Corp. VII are blank-check companies that have not yet identified any business combination prospects.

Aristeia Capital invested in AAC, HERA, EOCW & CVII with 4.7%, 18.4%, 21.3%, and 5% of the portfolio's total value, respectively.

Another notable investment made by Aristeia Capital was in Carnival Corporation & plc (CUK), the world's largest travel leisure company. The firm added around 28,090 shares in CUK, increasing its total holdings to 11,275,692 shares in Q4 2022, with a total value of $81,072,000.

An interesting addition to Aristeia Capital's portfolio was Bridgebio Pharma Inc, a clinical-stage biopharmaceutical company. The company develops therapies which address genetic diseases. Aristeia bought around 700,000 shares of BBIO, increasing its total holdings to 1,568,410 shares in Q4 2022, with a total value of $70,578,000.

In conclusion, Aristeia Capital LLC made some significant changes to its portfolio in Q3 2022 vs. Q4 2022. With its purchase of Liberty Broadband and investment in four SPACs, the firm seems to be betting on the future potential of these companies. The reduction in holdings of Occidental Petroleum may indicate the firm's pessimistic outlook on the oil and gas industry. As always, it will be interesting to observe how these investments impact the firm's returns in the coming quarters.