Kensico Capital Management's Q4 Moves: A Look at the Fund's Top Holdings

Kensico Capital Management is a hedge fund that manages over $10 billion in assets. Their Q4 2022 holdings have recently been released, and there have been many changes since their previous report in Q3 2022. In this article, we will take a closer look at the fund's top holdings, examining the changes made and their implications.

Introduction:

Kensico Capital Management Corp is a well-known hedge fund that was founded in 2000. The fund's investment strategy is centered around long-term investments in growth-oriented companies in various sectors, such as technology, healthcare, and consumer goods.

In its latest 13F filings, Kensico Capital Management Corp has reported changes in its holdings. The hedge fund's Q4 2022 holdings have seen some significant moves, with changes in both the number of shares held and the overall value of the positions. Our analysis of the fund's filings reveals the biggest changes and provides insights into the hedge fund's strategy.

Main Body:

One of the notable changes in Kensico Capital Management Corp's Q4 2022 holdings is their increased stake in Howmet Aerospace Inc. (HWM). In Q3 2022, Kensico had 7,219,300 shares of HWM. In Q4 2022, this number decreased slightly to 7,211,000 shares, but the overall value of the position increased by 27.3% from $223,293,000 to $284,185,000. This signals that Kensico Capital Management Corp has confidence in the future growth potential of the company.

Another significant change is the reduced stake in Fair Isaac Corp. (FICO). In Q3 2022, Kensico had 318,200 shares of FICO. In Q4 2022, this number decreased to 293,500 shares, but the overall value of the position increased by 34% from $131,102,000 to $175,683,000. This move indicates that Kensico Capital Management Corp still sees growth potential in FICO, despite having reduced its number of shares.

One of the most noteworthy changes in Kensico Capital Management Corp's Q4 2022 holdings is its increased stake in Intercontinental Exchange Inc. (ICE). In Q3 2022, Kensico had 140,000 shares of ICE, which increased to 1,094,200 shares in Q4 2022, resulting in a massive 787.5% increase in the value of the position. The total value of the investment increased from $12,649,000 to $112,253,000. This is a strong signal that Kensico Capital Management Corp believes in the growth potential of Intercontinental Exchange Inc.

Conclusion:

Kensico Capital Management Corp's Q4 2022 holdings reveal that the hedge fund made some significant moves, with changes in both the number of shares held and the overall value of the positions. The fund's increased stake in Howmet Aerospace Inc. and Intercontinental Exchange Inc. reveals that they believe in the future growth potential of these companies. While the reduced stake in FICO suggests a shift in strategy, Kensico Capital Management Corp still sees growth potential in the company.

It is important to note that the information in these 13F filings reflects the holdings of Kensico Capital Management Corp only up until the end of Q4 2022. Investors should not blindly follow the actions of hedge funds, but instead, they should use the information to help inform their investment decisions.