Investing in the Future: Comparing Nokomis Capital's Q3 2022 vs. Q4 2022 13F Holdings

Nokomis Capital is a Dallas-based hedge fund founded in 2001 by Brett Hendrickson. As of September 30, 2022, the firm had $969.02 million in assets under management. Recently, the company filed its 13F with the Securities and Exchange Commission (SEC) for the third quarter of 2022 and the fourth quarter of 2022. In this blog post, we'll look at the changes in Nokomis Capital's portfolio over the two quarters and explore the reasons behind them.

Introduction

Before we dive into the specifics of Nokomis Capital's Q3 2022 vs. Q4 2022 13F holdings, let's first understand what a 13F filing entails. According to SEC regulations, any institutional investment manager that manages more than $100 million in assets must file a quarterly report on Form 13F. This form lists all the securities in which the investment manager holds a position at the end of the quarter. This information is then made available to the public, allowing investors and analysts to track the holdings of major investment firms.

Main Body

Now, let's move on to Nokomis Capital's Q3 2022 vs. Q4 2022 13F holdings comparison. As seen in the table, the firm made significant changes to its holdings over the two quarters. The firm sold its entire position in Babcock & Wilcox Enterprises, Cipher Mining Inc, Healthcare AI Acquisition Co, Lakeshore Acquisition I Corp, and Qualtek Services Inc. The firm also reduced its position in Sandridge Energy Inc, DXC Technology Co, and Sibanye Stillwater Ltd to zero.

On the other hand, the firm increased its position in Vistra Corp, Applied Digital Corp, Ferroglobe PLC, B. Riley Financial Inc, and Century Casinos Inc. The firm also initiated new positions in Global Ship Lease Inc New, Kimbell Rty Partners LP, Energy Transfer L P, and Altenergy Acquisition Corp. Additionally, the firm added call options in VanEck ETF Trust and B. Riley Financial Inc, giving the firm the right to buy these securities at a predetermined price.

Looking at the numbers in the table, it's worth noting that some of these changes were significant. For example, the firm increased its position in Vistra Corp by 63.8% and Century Casinos Inc by 290.1%. On the other hand, the firm reduced its position in Northern Oil and Gas Inc. MN by 9.6% and Diamondback Energy Inc by 100%.

So, what motivated these changes in Nokomis Capital's portfolio? The reasons can be many-faceted and complex. For example, the firm may have sold some of its positions due to poor stock performance or to free up capital for other investments. Conversely, the firm may have increased its positions in companies whose stocks it believes are undervalued and have strong growth potential.

Conclusion

In conclusion, Nokomis Capital's Q3 2022 vs. Q4 2022 13F holdings comparison highlights the firm's investment strategies and the changes it made over the two quarters. While some of the changes may seem significant, the reasons behind them are not always straightforward. It's essential to remember that investment decisions are based on multiple factors, such as market conditions, economic indicators, and company performance. As always, it's wise to consult with a financial advisor before making investment decisions.