Analyzing Engine Capital's Q3-Q4 2022 Fund Holdings: Winners and Losers

As we approach the end of 2022, it's time to take a look at how various funds are performing in the market. Engine Capital Management, LP is one such fund that has piqued our interest. In this blog post, we will be analyzing Engine Capital's Q3-Q4 2022 13F Holdings Comparison to identify the companies that are performing well and those that are not.

Engine Capital Management, LP's Q3 2022 13F filing reveals that the fund held over 23 million shares worth $336 million. Fast forward to the Q4 2022 filing, and the fund's portfolio value had increased to over $420 million. The increase in portfolio value is a clear indication that the fund's investments are performing well in the market.

One of the companies that stand out as a clear winner is Avantax Inc. Engine Capital increased its holding in the company by 75.2%, which translates to 584,932 more shares, and the value of the holding almost doubled from $34.5 million to $60.5 million. On the other hand, Willis Towers Watson Plc's position in Engine Capital's portfolio decreased by 5.7%. The company's share value also saw a drop, from $35,657 million to $33,618 million, indicating that the company's overall performance is not as impressive as it was in Q3 2022.

Another company that saw a massive increase in Engine Capital's holdings is Prog Holdings Inc. Engine Capital's position in the company increased by 124.2%, which translates to an increase of 273,398 shares, with their value surging from $4.1 million to $9.2 million.

Engine Capital also increased its holding in Univara Solution Inc., a chemical and ingredient distribution company, with a 135.2% increase in shares held. The value of the holdings surged by 135.2%, which translates to an increase of $19,118 million. These increases signify that Engine Capital has faith in the future growth of these companies and that they are poised to gain significant market traction.

Finally, looking at Engine Capital's Q3-Q4 2022 13F Holdings Comparison, we can witness a noticeable reduction in Dell Technologies -C's position by the fund. This is because its holding in the company decreased by almost 60%, from $12.3 million to $6.1 million, and the number of shares held reduced by half. Overall, this reduction shows that Engine Capital isn't satisfied with the stock's performance level and believes there are better options to explore.

In conclusion, Engine Capital's Q3-Q4 2022 13F Holdings Comparison highlights the companies that are performing well and those that are not so much. Fund managers and investors alike can use such comparisons to make informed decisions about their own portfolios. By analyzing the metrics laid out in the 13F filings, it's possible to gain an insight into which companies show growth potential and which companies to avoid.