TIG Advisors' Q3 vs. Q4 2022 Holdings Comparison Report: Insights into Investment Strategies and Trends

TIG Advisors, LLC has recently released its Q3 2022 vs. Q4 2022 13F Holdings Comparison report that indicates the changes in holdings of the fund over the last quarter of 2022. The data presented in the report allows investors and analysts to gain insights into the fund’s investment strategy, identify trends in the market, and make informed decisions when it comes to investments.

Let’s take a closer look at this report and summarize the findings.

First, we see that TIG Advisors has acquired 1.7 million shares of HORIZON THERAPEUTICS PUB L during Q4 2022. This new acquisition has resulted in an increase of $19.6 million in the value of the fund’s holdings, which represents a change of 196,804%.

Next, the report shows that the fund invested in TEGNA Inc., a media company that operates television stations across the United States. The fund acquired an additional 258,715 shares of TEGNA, which resulted in an increase of $8,659 in the value of the holdings or a change of 6.7%.

Another interesting investment made by TIG Advisors is in VMware Inc., a software company that provides cloud computing and virtualization services. The fund acquired an additional 379,718 shares of the company, resulting in an increase of $58.1 million in the value of the holdings, representing a change of 77.7%.

However, the fund did not have the same success with all its holdings. The fund divested 1.6 million shares of Activision Blizzard Inc. during Q4, resulting in a decrease of $117.3 million or a change of -48.9%. The fund also sold all of its shares in Imago Biosciences and Zendesk Inc., which resulted in a change of -100%.

One of the notable changes in the portfolio was the fund's acquisition of 2 million shares of Altra Indl Motion Corp during Q4, which resulted in an increase of $121.1 million in the value of the holdings. Another significant acquisition was the purchase of 2.2 million shares of Sierra Wireless Inc., resulting in an increase of $110.3 million in the value of the holdings or a change of 87.7%.

The report also shows that the fund invested in Tower Semiconductor Ltd. during Q4, acquiring an additional 18,965 shares of the company. However, the fund sold 58,200 put options on the same stock during the period, resulting in a decrease of $3,506 or -0.4%.

Another notable acquisition made by TIG Advisors is in 1Life Healthcare Inc., a healthcare company that provides primary care and telehealth services. The fund purchased 3.7 million additional shares of the company, resulting in an increase of $61 million in the value of the holdings, representing a change of 177.1%.

Furthermore, the report shows that the fund invested in Radius Global Infrastrctre I by acquiring 162,000 call options, which resulted in an increase of $1,914 or a change of 100%.

In conclusion, the Q3 2022 vs. Q4 2022 13F Holdings Comparison report by TIG Advisors, LLC shows both positive and negative changes in the fund’s portfolio. The fund acquired shares in some companies, resulting in an increase in the value of the holdings, while it divested others, leading to a decrease in the value of the holdings. Therefore, investors and analysts can use this report to gain insight into the fund’s investment strategy, identify market trends, and make informed investment decisions.