Prince Street Capital Hits it Big Time: Q2 vs. Q3 2022 13F Holdings Comparison

As an investor or a follower of the financial market, you may have heard of Prince Street Capital Management LLC - one of the top hedge funds currently making waves in the industry. With an impressive $10 billion in assets under management, it's no surprise that every move they make is closely monitored and analyzed.

Recently, Prince Street Capital released their 13F filings for Q2 and Q3 2022, which gave us a glimpse into their investment strategy during these periods. In this blog post, we will take a detailed look at the changes in holdings of this fund during Q2 and Q3 of 2022.

GRID DYNAMICS HLDGS INC

During the Q2 period, Prince Street had 561,600 shares of GRID DYNAMICS HLDGS INC, which they reduced to 553,000 in Q3. Though the percentage decrease is only 9.6%, it's worth noting that the fund was able to make a profit of $105,688 in Q3, which represents a 9.8% increase compared to the $94,425 profit they made during Q2.

NU HLDGS LTD

NU HLDGS LTD experienced a massive increase in shares held by Prince Street Capital, rising from 1,300,000 in Q2 to 2,080,000 in Q3. This represents an 88.2% increase in shares held by the fund, and it is the highest percentage increase in holdings in this report. The fund's value in NU HLDGS LTD increased significantly as well, jumping from $4,862,000 in Q2 to $9,152,000 in Q3.

MERCADOLIBRE INC

Although Prince Street only held 2,600 shares of MERCADOLIBRE INC in Q2, they increased their holdings to 5,700 shares in Q3. This represents an impressive 185.1% increase in shares held by the fund. The value of the investment skyrocketed as well, increasing from $1,655,000 in Q2 to $4,718,000 in Q3.

TENARIS S A

Prince Street did not have any holdings in TENARIS S A during Q2, but they entered the market in Q3 with 100,000 shares. This is a notable move considering that TENARIS S A is an oil and gas company that may be subject to volatility based on the industry and political events.

ZAI LAB LTD & SOLAREDGE TECHNOLOGIES INC

Prince Street also entered the market on ZAI LAB LTD and SOLAREDGE TECHNOLOGIES INC during Q3, purchasing 74,500 shares and 11,000 shares, respectively. Both of these holdings were not present during Q2.

Conclusion

The detailed breakdown and analysis of Prince Street's 13F filings demonstrate the fund's strategic investments during the Q2 vs. Q3 periods. With notable holdings in NU HLDGS LTD and MERCADOLIBRE INC, it is clear that the fund has made some lucrative investment decisions. However, it should be noted that the impact of holding shares in the oil and gas industry remains opaque. Nonetheless, it is clear that Prince Street's brilliance has continued to shine through in the financial world.