How Centerbridge Partners' Q3 and Q4 2022 13F Holdings Comparison Unveil Investment Strategies

Centerbridge Partners, L.P., founded in 2005, is a private investment firm that focuses on finding unique investment opportunities across various industries. In the third quarter of 2022, Centerbridge Partners' 13F filing revealed a total portfolio value of $884,868,000. However, in the fourth quarter of 2022, their portfolio decreased by 18.5% to $720,909,000. In this article, we will examine the changes in Centerbridge Partners' holdings, their investment strategies, and their future outlook.

Garrett Motion Inc (GTXAP)

Centerbridge Partners maintained their holdings in Garrett Motion Inc in both Q3 and Q4 of 2022 with 66,207,182 shares. However, the value of their holdings increased by 22.4%, from $470,733,000 to $576,002,000. This indicates that Centerbridge Partners has faith in Garrett Motion Inc's long-term growth prospects.

Radius Global Infrastructure I (RADI)

Centerbridge Partners held 10,925,000 shares of Radius Global Infrastructure I in both Q3 and Q4 of 2022. However, the value of their holdings increased by 25.5%, from $102,913,000 to $129,133,000. This suggests that Centerbridge Partners is bullish on the infrastructure sector and sees potential growth opportunities for Radius Global Infrastructure I.

Cedar Fair L P (FUN)

Centerbridge Partners reduced their holdings in Cedar Fair L P by 17% from Q3 to Q4 of 2022. In Q3, they held 2,965,496 shares worth $122,030,000, while in Q4, they held 2,449,831 shares worth $101,276,000. This indicates that Centerbridge Partners might have concerns regarding Cedar Fair L P's future prospects.

Indus Realty Trust Inc (INDT)

Centerbridge Partners maintained their holdings in Indus Realty Trust Inc in both Q3 and Q4 of 2022. They held 1,512,432 shares worth $79,206,000 in Q3, and 1,512,432 shares worth $96,024,000 in Q4. This indicates that Centerbridge Partners sees potential growth opportunities in the real estate sector.

GoHealth Inc (GOCO)

In Q4, Centerbridge Partners added 4,179,850 shares of GoHealth Inc to their portfolio. This is a new addition as they had no holdings in Q3. The value of their holdings was $43,679,000. This suggests that Centerbridge Partners sees potential growth opportunities in the healthcare sector.

Bausch Health Cos Inc (BHC)

Centerbridge Partners had 425,000 shares worth $2,928,000 in Bausch Health Cos Inc in Q3, but they sold all of their holdings in Q4. This implies that Centerbridge Partners no longer sees potential growth opportunities in the pharmaceutical industry.

Conclusion

Centerbridge Partners is a prominent private investment firm that seeks unique investment opportunities across various sectors. In Q4, they decreased their total portfolio value by 18.5%, selling off some holdings, while buying in new ones. This implies that Centerbridge Partners is always searching for the best investment opportunities, and they're willing to make changes to their portfolio to adapt to market conditions. It will be interesting to see what Centerbridge Partners invests in next and how their portfolio evolves in the future.