Weiss Asset Management LP's 13F Holdings Comparison Report Reveals Changes in Investment Strategies

Weiss Asset Management LP, a global hedge fund, recently released its Q3 2022 and Q4 2022 13F holdings comparison report. The report provides insights into the fund's investment strategies, and the changes in its holdings over the two quarters. According to the report, Weiss Asset Management LP increased its holdings in 16 companies, decreased holdings in 8 companies, and maintained holdings in 4 companies. In this blog post, we will analyze the changes in holdings of the fund and the reasons behind them.

Increments in Holdings

Weiss Asset Management LP increased its holdings in ATLAS AIR WORLDWIDE HLDGS IN, THERAVANCE BIOPHARMA INC, BILIBILI INC, NEXTERA ENERGY INC, ARES ACQUISITION CORPORATION, FTAC HERA ACQUISITION CORP, INVESCO QQQ TR, SVF INVESTMENT CORP, AURORA ACQUISITION CORP, COINBASE GLOBAL INC, THUNDER BRDG CAP PRTNRS IV I, PONTEM CORPORATION, CAPITOLWORKS EMNG MKTS ACQST, and HENNESSY CAPITAL INVST CORP. The fund increased its holdings in BILIBILI INC by a whopping 30.4%. The Chinese video-sharing website has been expanding its business operations by entering into different markets such as gaming, animation, and e-commerce, and has shown significant potential for growth.

Another significant increment was in INVESCO QQQ TR, which witnessed a 672.1% increase in shares. The fund's decision to invest in the equity index-tracking ETF can be attributed to the current bullish trend in the tech sector.

Decrements in Holdings

Weiss Asset Management LP decreased its holdings in LI AUTO INC, GDS HLDGS LTD, BLACKROCK INNOVATION AND GRW, POW, SOUTH JERSEY INDS INC, HYDROGEN HOLDINGS CORP, FINSERV ACQUISITION CORP II, and AMERICAN AIRLS GROUP INC.

The fund reduced its holdings in LI AUTO INC by 29.4%. The Chinese electric vehicle maker has been affected by the ongoing semiconductor shortage, which has resulted in a decrease in vehicle production. Moreover, the company's plans to expand its business and launch new models are likely to require significant capital expenditures, hence making the investment risky.

Weiss Asset Management LP also decreased its holdings in GDS HLDGS LTD, a Chinese company that provides cloud services, data center services, and other IT services. However, the reason behind this move is not clear.

No Change in Holdings

The fund maintained its holdings in SPDR S&P 500 ETF TR, SPROTT PHYSICAL GOLD TR, ALBERTSONS COS INC, and NEXTERA ENERGY INC.

The decision to maintain holdings in NEXTERA ENERGY INC is noteworthy given the increasing focus on renewable energy sources, and the company's leading position in the field. NEXTERA ENERGY INC aims to be a leader in the transition to clean energy and reduce carbon emissions. The company has grown steadily through acquisitions and expanding operations in different states.

Conclusion

In conclusion, Weiss Asset Management LP's Q3 2022 and Q4 2022 13F holdings comparison report provides insights into the fund's investment strategies and changes made to its portfolio. The fund's investment decisions were largely based on industry trends and the potential for growth. The fund increased its holdings in BILIBILI INC and INVESCO QQQ TR, while reducing its holdings in LI AUTO INC and GDS HLDGS LTD. The fund maintained its holdings in SPDR S&P 500 ETF TR, SPROTT PHYSICAL GOLD TR, ALBERTSONS COS INC, and NEXTERA ENERGY INC, indicating its confidence in these companies' long-term growth prospects.