Steel Canyon Capital, LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Steel Canyon Capital, LLC, a Los Angeles-based hedge fund, has filed its 13F with the SEC. The filing lists the changes in the holdings of the fund between Q3 2022 and Q4 2022. The holdings have been compared based on the number of shares held and their respective values. As per the report, the fund has made significant changes to its portfolio in the mentioned period.

The report highlights that the fund has increased its holdings in Visa Inc. The number of shares held has increased from 18009 to 27063, with the value of the shares increasing from $3199,000 to $5622,000, which is a significant jump of 75.8%. The report notes that the move shows the faith the fund has in the payment processing giant.

However, the report also shows that there have been some major sell-offs in the fund's portfolio. The filing reveals that the fund has sold its holdings in Liberty Media Corporation and Schwab Charles Corp. Both the sell-offs were significant, amounting to 41.4% and 7%, respectively. The fund has also sold its holdings in Arch Cap Group Ltd., which account for a significant decrease of 24.1%.

On the other hand, there have been some new additions to the fund's portfolio. The report notes that the fund has added Brookfield Asset Management Ltd., Brookfield Corp, and Asbury Automotive Group, Inc. to its portfolio. Brookfield Corp accounts for the largest addition ($3776,000), followed by Brookfield Asset Management Ltd. ($3013,000), and Asbury Automotive Group, Inc. ($2874,000).

The report also shows that the fund has made changes to its holdings in Douglas Elliman, Inc. The fund has increased its holdings in the company by 507.5% by adding 322055 shares. The total number of shares held by the fund in Douglas Elliman, Inc. is 448123, with a total value of $1567,000.

In conclusion, this 13F filing by Steel Canyon Capital, LLC shows the fund's focus on increasing its holdings in Visa Inc. and adding new companies like Brookfield Asset Management Ltd., Brookfield Corp, and Asbury Automotive Group, Inc. to its portfolio. However, the sell-offs of Liberty Media Corporation, Schwab Charles Corp. and Arch Cap Group Ltd. has surely raised eyebrows. It will be interesting to see how the markets respond to these changes in the coming months.