Investment Firm JCP Management's Q3 vs. Q4 2022 Holdings: Who's In and Who's Out?

As the third quarter of 2022 came to an end, JCP Investment Management, LLC, a well-known investment management firm, filed its 13F with the SEC. The document includes a list of stocks that the firm held as of September 30th, 2022. Then, in mid-February 2022, JCP Management filed its Q4 13F, which showed that the company had made significant changes to its portfolio in the previous months.

In this post, we'll provide a brief summary of the changes in JCP Management's portfolio and discuss some of the biggest winners and losers in the firm's Q3 vs. Q4 13F filings.

KIRBY CORP (KEX)

JCP Management's largest position was in Kirby Corp, a domestic tank barge operator based in Houston, Texas. The fund held 625,494 shares of KEX in both Q3 and Q4 2022, with a value of $38,011,000 and $40,250,000, respectively.

HILTON GRAND VACATIONS INC (HGV)

The second-largest position of JCP Management was in Hilton Grand Vacations Inc, a timeshare company. The firm held 399,738 shares of HGV in both Q3 and Q4 2022. The value of HGV's shares in Q3 was $13,147,000, and it rose to $15,405,000 in Q4.

UNITED NAT FOODS INC (UNFI)

The third-largest position in JCP Management's portfolio was in United Natural Foods Inc. The firm held 351,322 shares of UNFI in Q3, and it rose to 372,332 shares in Q4. The value of UNFI's shares in Q3 was $12,075,000, whereas it rose to $14,412,000 in Q4.

WESTWOOD HLDGS GROUP INC (WHG)

JCP Management also had a significant position in Westwood Holdings Group Inc, an investment firm. The firm held 812,203 shares of WHG in both Q3 and Q4 of 2022. The value of WHG's shares in Q3 was $7,822,000, and it increased to $9,042,000 by the end of Q4.

BERKSHIRE HATHAWAY INC DEL (BRK-B)

JCP Management slashed its position in Berkshire Hathaway, and the value of its shares fell by 40.5%. In Q3, the firm held 48,968 shares of BRK-B, which fell to 25,189 shares in Q4. The value of its shares also decreased from $13,075,000 to $7,780,000.

CARROLS RESTAURANT GROUP INC (TAST)

Carrols Restaurant Group Inc was the biggest winner in JCP Management's portfolio, with a whopping 92% increase in the number of shares held by the firm. The firm held 291,034 shares of TAST in Q3, and the number of shares rose to 669,064 in Q4. The value of TAST's shares increased from $474,000 in Q3 to $909,000 at the end of Q4.

In Conclusion

JCP Investment Management, LLC's Q3 vs. Q4 13F filings showed a few significant changes in its portfolio. While the firm's top holdings remained the same, changes in the number of shares held and their values in individual companies showed a noticeable shift. Winning positions like Carrols Restaurant Group more than compensated for the significant losses incurred by Red Hat and Berkshire Hathaway.