Syntal Capital Partners' Q4 2022 vs. Q1 2023: Analyzing Their Top Stock Holdings

Syntal Capital Partners, LLC is a registered investment adviser that specializes in actively managed equity investment portfolios. This article takes a close look at their Q4 2022 and Q1 2023 13F holdings comparison, analyzing significant changes in their holdings between the two periods. First, a quick introduction to 13F filings. These filings are mandatory periodic reports that hedge funds, asset managers, and other institutional investors must submit to the SEC. The 13F filings disclose information on their holdings, including the equities, options, and convertible debt held at the end of each quarter. According to Syntal Capital Partners' Q4 2022 and Q1 2023 13F filings, the fund's total market value increased from $157 million to $171 million, an 8.9% increase. Let’s take a closer look at their top holdings: Top 5 Q1 holdings by share value

1. HighPeak Energy Inc (HPK): HighPeak Energy Inc remained Syntal Capital Partners’ top holding in Q1 2023, with 908,025 shares worth $20,884, a 2.4% increase in share value from Q4 2022.
2. Vanguard Tax-Managed International FD FTSE Developed Mkts ETF (VEA): Syntal Capital Partners' second-largest holding was Vanguard Tax-Managed International FD FTSE Developed Mkts ETF with 302,137 shares worth $13,647. In comparison, they held 32,914 shares worth $13,636 in Q4 2022.
3. iShares Trust Barclays 7-10yr Treas Bd Fd (IEF): The third-largest position was in iShares Trust Barclays 7-10yr Treas Bd Fd with 318,785 shares worth $31,598, a 3.7% increase in share value from Q4 2022.
4. Diamondback Energy Inc (FANG): The fund's fourth-largest holding was Diamondback Energy Inc with 86,011 shares worth $11,626, a 1.1% increase in share value from Q4 2022.
5. SPDR Barclays Capital Intermediate Term Treasury ETF (SPTI): SPDR Barclays Capital Intermediate Term Treasury ETF was Syntal Capital Partners' fifth-largest position with 262,703 shares worth $7,602, a 7% decrease in share value from Q4 2022. Top 5 Q1 holdings by value (000s)
6. HighPeak Energy Inc (HPK): As mentioned, HighPeak Energy Inc remained Syntal Capital Partners' top holding in Q1 2023, worth $20,884.
7. iShares Trust Barclays 7-10yr Treas Bd Fd (IEF): iShares Trust Barclays 7-10yr Treas Bd Fd was the fund's second-largest position with a value of $31,598.
8. Vanguard Index Funds S&P 500 ETF (VOO): Vanguard Index Funds S&P 500 ETF was the fund's third-largest holding with $30,488, a 0.5% increase in share value from Q4 2022.
9. Vanguard Tax-Managed International FD FTSE Developed Mkts ETF (VEA): VEA moved up from the 5th to 4th position, with a total value of $13,647, as mentioned above.
10. Diamondback Energy Inc (FANG): Diamondback Energy Inc remained Syntal Capital Partners' fifth-largest holding in Q1 2023 with a value of $11,626, as mentioned above. Notable Changes The following are some of the significant changes that occurred in Syntal Capital Partners' Q4 2022 vs. Q1 2023 13F holdings comparison:
    • Texas Instruments (TXN): Texas Instruments (TXN) was purchased in Q1 2023 and held 8,052 shares worth $1,497.
    • Nividia Corp (NVDA): Nividia Corp (NVDA) was purchased in Q1 2023 and held 7,960 shares worth $2,211.
    • Exxon Mobil Corp (XOM): Exxon Mobil Corp (XOM) was sold in Q1 2023, and the fund no longer holds any shares in the company.
    • Rambus Inc (RMBS): Rambus Inc (RMBS) was purchased in Q1 2023 and held 32,405 shares worth $1,661.
    • Permian Res Corp (PR): Permian Res Corp (PR) was sold in Q1 2023, and the fund no longer holds any shares in the company. In conclusion, Syntal Capital Partners, LLC has made a few interesting changes in their Q4 2022 vs. Q1 2023 13F holdings comparison. The firm added positions in technology and RAMBUS Inc while selling and reducing positions in some of their energy holdings like Exxon Mobil. It’s important to note that 13F filings are merely a snapshot of an institutional investor's holdings, which can change quickly based on numerous factors.