Wilen Investment Management Corp.: Q2 2022 vs. Q3 2022 13F Holdings Analysis

As an investor, it's essential to keep an eye on the performance of the securities in your portfolio. One way to do this is by reviewing the 13F filings of institutional investors, which reveal their holdings every quarter. In this article, we'll analyze the changes in holdings of fund between Q2 2022 and Q3 2022.

One company that we'll be focusing on is Wilen Investment Management Corp., which reported its 13F holdings for both quarters. The data we'll be using in this analysis include the issuer name, option type, number of shares held in Q2 2022 and Q3 2022, the value of shares in thousands of dollars, and the percentage change.

First, let's take a look at Wilen Investment Management Corp.'s top holdings in Q3 2022. The data shows that the company's largest holding was in VAALCO ENERGY, with 3,131,627 shares worth $13.3 million. AMERCO was the next biggest holding, with 19,865 shares worth $10 million. Other notable holdings in Q3 2022 include HUNTSMAN CORP., OLIN CORP, and UNITED RENTALS.

In comparison, the Q2 2022 data shows that Wilen Investment Management Corp. held 3,042,526 shares of VAALCO ENERGY, which was its largest holding at the time. This indicates an increase of 88,101 shares between Q2 2022 and Q3 2022. The value of these shares, however, decreased by 35.2%, from $20.5 million in Q2 2022 to $13.3 million in Q3 2022.

In terms of percentage change, NORTHERN TECH had the highest increase in holdings, with Wilen Investment Management Corp. adding 3,905 shares in Q3 2022, which represents a 28% increase from its Q2 2022 holdings. BUILDERS F.S. and UNIVERSAL SEC also saw slight increases in holdings of 10.4% and 7.4%, respectively.

On the other hand, DELTA APPAREL had the largest decrease in holdings, with Wilen Investment Management Corp. selling 5,267 shares in Q3 2022, representing a 48.6% decrease from Q2 2022. Other companies that saw a significant percentage decrease in holdings include VAALCO ENERGY, which saw a 35.2% decrease, and BERRY PLASTICS, which saw a 13.6% decrease.

In conclusion, even though Wilen Investment Management Corp. made some changes to its portfolio between Q2 2022 and Q3 2022, the overall picture remains relatively stable. As an investor, it's important to review these 13F filings periodically to stay on top of any changes in your portfolio, as well as to gain insight into the strategies institutional investors are using to manage their assets.