Corvid Peak Capital Management: Analyzing Q2 2019 Vs. Q3 2019 13F Holdings Comparison

Investment companies must file a 13F form with the Securities and Exchange Commission (SEC) to disclose their equity holdings, including options, convertible bonds, warrants, and shares held by more than one client. The SEC requires any investment management company with a minimum of $100 million worth of assets under management (AUM) to file this 13F form. The quarterly publication of these holdings is available to the public.

The Q2 2019 vs. Q3 2019 13F Holdings Comparison of Corvid Peak Capital Management, LLC, shows how the firm's investment strategy evolved over time.

Corvid Peak Capital Management, LLC, holds interests in various companies, and this report compares the changes to their holdings between the Q2 2019 and Q3 2019. The Q2 ending June 30th, compared with the Q3 ending September 30th, 2019. The data highlights the performance of these assets in the company's portfolio.

According to the report, Corvid Peak Capital Management, LLC's total assets decreased from $327.74 million in Q2 2019 to $301.8 million in Q3 2019. The report shows that the overall portfolio of the company mostly comprises common stocks (96.06%).

Some of the key changes in holdings include:

SCORPIO TANKERS INC:

Corvid Peak Capital Management, LLC held 296,141 shares of Scorpio Tankers Inc, with a value of $8,742,000 in Q2 2019. This remained unchanged in Q3 2019.

FIRST MIDWEST BANCORP DEL:

In Q2 2019, Corvid Peak Capital Management, LLC held 1,196,854 shares of First Midwest Bancorp, with a value of $24,224,000. However, the company decreased its holdings by 81.4%, holding only 231,644 shares, with a value of $4,512,000 in Q3 2019.

ISHARES TR:

Corvid Peak Capital Management, LLC completely divested its holdings in iShares TR, selling all 35,500 shares that had a value of $10,464,000 in Q2 fiscal 2019.

The report also shows a change in the percentage of assets allocated to different sectors. The company trimmed its exposure in the financial sector (25.57% to 14.16%) and increased holdings in the healthcare (15.08% to 23.11%) and information technology (7.64% to 14.91%) sectors.

In conclusion, based on the Corvid Peak Capital Management, LLC's Q2 2019 vs. Q3 2019 13F Holdings Comparison, we can observe that the firm made significant changes to its portfolio holdings. While some companies' investments remained unaltered, there were notable decreases and complete divestments in some companies, which requires attention. Although it might take time to determine this company's investment strategy, reviewing this 13F filing can offer insight.