Unlocking Gillson Capital LP's Q3-Q4 2022 13F Holdings: A Comparative Analysis

As an investor, keeping abreast of the latest portfolio changes of top hedge funds and mutual funds is crucial, especially in these volatile financial markets. This piece is a comprehensive comparison of Gillson Capital LP's Q3 and Q4 2022 13F filings with the Security and Exchange Commission (SEC).

Gillson Capital LP is a well-known investment management firm based in New York. The firm was founded in 2003 by John Griffin, a former partner at the well-regarded hedge fund, Tiger Management. Gillson Capital specializes in event-driven investing, which involves buying and selling securities in anticipation of specific corporate events, such as mergers, acquisitions, spin-offs, and restructurings.

Gillson Capital's Q3-Q4 13F filings showed the firm's assets under management (AUM) stood at approximately $5.3 billion, with a portfolio of 61 stock holdings.

Here's an overview of some of the key takeaways from Gillson Capital's Q3-Q4 13F filing:

New Positions:

Gillson Capital LP opened new positions worth $57 million in AJG and APO stocks. The insurance broker Gallagher Arthur J & Co. (AJG) saw the biggest change, with a 29.2% decrease in the value of Gillson's shares since Q3, followed by an 129.6% increase in Apollo Global Management Inc. (APO).

Increased Positions:

Gillson Capital increased its position in 14 securities, with US Bancorp (USB), Voyager Financial Inc. (VOYA), American International Group Inc. (AIG), and the State Street Corporation (STT) being the largest percentage increases, at 100%, 16.9%, 68.1%, and 40%, respectively.

Reduced Positions:

The fund also reduced its holdings in seven securities, with Progressive Corp Ohio (PGR) experiencing the largest percentage decrease of 21.4%, followed by Affiliated Managers Group Inc. (AMG) and PNC Financial Services Group Inc. (PNC) at 22.6% and 82.1%, respectively.

Closed Positions:

Gillson Capital closed 11 positions over the quarter, including The Bank of New York Mellon Corp. (BK), Thomson Reuters Corp. (TRI.To), and The Western Alliance Bancorp (WAL). The firm has completely exited these positions.

In summary, Gillson Capital's Q4 portfolio showed substantial increases in holdings in VOYA, AIG, STT, and USB, signaling the firm's positive outlook for the financial services industry. Gillson also showed the highest concentration of holdings in the financial sector, comprising 55.6% of the portfolio.

The information provided in this article is for educational purposes and does not constitute financial advice. Investing in the stock market involves risk, and past performance is not indicative of future performance. Investors are advised to seek professional advice before making any investment decisions.