Wexford Capital LP Q3 and Q4 2022 Holdings Analysis: Key Takeaways from Top Investments

Investment management firms with over $100 million in managed assets are required to file a Form 13F with the Securities and Exchange Commission (SEC) on a quarterly basis. This filing mandates that firms disclose certain information regarding their holdings of publicly traded securities. The report includes the name of the issuer of the security, the number of shares held, and the total value of the holding.

In this article, we'll take a closer look at Wexford Capital LP's Q3 2022 and Q4 2022 13F holdings. The hedge fund, which was founded in 1994, has approximately $4.24 billion in assets under management.

Wexford Capital LP made several significant changes to their holdings between Q3 and Q4 of 2022. The fund increased their position in some companies while decreasing or completely selling off others. Let's dive in and explore Wexford Capital LP's portfolio shifts.

The Winners

Mammoth Energy Services Inc. (NASDAQ: TUSK) stood as the largest holding within Wexford Capital LP's portfolio, with the fund retaining its entire 22,485,407 share position, worth $194,408,000 at the end of Q4 2022, increasing gains by 153.5%. Some other notable investments that increased in value include BG (now part of Archer Daniels Midland) and Comcast Corporation (NASDAQ: CMCSA).

The Losers

Cenovus Energy Inc. (NYSE: CVE) was Wexford Capital LP's biggest losing position in the period under review, as the fund decreased its position by 47.9% to own just 382,643 shares at the end of Q4 2022. Other significant positions sold off or reduced by the fund include Frontier Holdings, PG&E Corp, and Dominion Energy.

Emerging Trends

New additions to the Wexford Capital LP portfolio included Altus Power, Sibanye Stillwater Ltd (NYSE: SSW), and SilverBow Resources Inc (now Alta Mesa Resources). The fund acquired an entirely new position in these emerging companies, reflecting the firm's bullish market outlook for these stocks.

Additionally, the energy sector saw a rise in Wexford Capital LP's holdings. The fund acquired new positions in MPLX LP (NYSE: MPLX) and entered a position in OVINTIV Inc (NYSE: OVV), in addition to increasing its position in companies such as SCORPIO TANKERS INC (NYSE: STNG) and Sm Energy Co (NYSE: SM).

Conclusion

Wexford Capital LP made some interesting changes to its portfolio for Q3 and Q4 2022. The hedge fund capitalized on emerging trends, making significant investments in Altus Power, Sibanye Stillwater Ltd, and SilverBow Resources. The fund also increased its holdings in the energy sector, reflecting bullish market sentiment in this industry.

While it's essential to consider the data from these 13F filings, it's important not to base investment decisions solely on them. These filings provide snapshots of a fund's holdings at a particular moment in time and do not guarantee success. However, they do help provide insight into the investment strategies of some of the world's most successful investment firms and may act as a source of inspiration for investors looking to develop their own strategies.