Oceanic Investment Management LTD Q2 2018 vs. Q3 2018 13F Holdings Comparison

Oceanic Investment Management LTD is a global investment management company that invests in diversified financial assets within the energy sector, including gas transportation stocks such as Dorian LPG Ltd (LPG), Star Bulk Carriers Corp (SBLK), and Teekay LNG Partners LP (TGP). In the second quarter of 2018, Oceanic Investment Management LTD purchased 641,338 shares of Dorian LPG Ltd. However, during the third quarter of 2018, the company increased its holdings to 800,888 shares, a 30.3% increase.

Q2 2018 also saw Oceanic Investment Management LTD purchasing 566,276 shares of Star Bulk Carriers Corp, valued at $7,282,000. However, things took a different turn during the third quarter of 2018, where the company sold 15.4% of their shares, ending up with 426,111 shares.

TeeKay LNG Partners LP was another company in which Oceanic Investment Management LTD increased its stake during Q3 2018. With the acquisition of 226,054 shares, the company's holdings went up by 26% from the 177,754 held in the second quarter of 2018.

On the other hand, Oceanic Investment Management LTD decreased holdings in Capital Product Partners LP (CPLP) by 35.6%. During the second quarter of 2018, the company held 1,680,850 shares of CPLP, valued at $5,143,000, but by Q3 2018, Oceanic Investment Management LTD held only 1,190,980 shares.

National Energy Services Reu (NESR) is another gas transportation stock that lost favor with Oceanic Investment Management LTD. Although the company held 99,000 shares during the second quarter of 2018, they sold 19.7% of their stake in Q3 2018, ending up with only 79,700 shares.

But it wasn't all losses. Oceanic Investment Management LTD also made significant gains during the third quarter of 2018. For example, the company acquired 274,000 shares of Scorpio Bulkers Inc (NETI), 100% of their stake in Ship Fin Intl Ltd, and vast holdings in Teekay Tankers Ltd, Pattern Energy Group Inc, and Gardner Denver Hldgs Inc.

In summary, Oceanic Investment Management LTD increased its investment in gas transportation companies such as Dorian LPG Ltd and Teekay LNG Partners LP, while selling off shares of Star Bulk Carriers Corp and Capital Product Partners LP. The company's decision to diversify its investment portfolio seems to have worked out well, with significant gains in Scorpio Bulkers Inc, Ship Fin Intl Ltd, Teekay Tankers Ltd, Pattern Energy Group Inc, and Gardner Denver Hldgs Inc.