Analyzing Q3 to Q4 2022 13F Holdings Changes by Harbert Fund Advisors

Harbert Fund Advisors, Inc. is an American investment company that released its third quarterly report of the year in 2022 and just after the final quarter ended in December, it released its fourth quarterly report. The reports showed the holdings comparison for both quarters, detailing the changes that occurred in terms of shares held as well as the value of those shares in thousands.

In this article, we'll provide an in-depth analysis of Harbert Fund Advisors, Inc.'s Q3 to Q4 2022 13F Holdings Changes. We'll take a closer look at the companies whose shares were bought or sold, the percentage change, and what could be the reason behind these moves.

Firstly, it's worth noting that the Harbert Fund Advisors, Inc. made significant changes during the two quarters. MNTV (Momentive Global Inc.) had the highest change percentage in shares held at 27.2%. The value of the shares also increased from $8494 to $10804. So, what could be the reason for this move? It's difficult to pinpoint one reason without the company's guidance but could be due to the company's performance or potential growth opportunities.

SRLN (SSGA Active ETF TR) had the most significant percentage change in shares held at -33.3%, with the value dropping from $9196 to $6135. This could be due to the company's poor performance or a repositioning of the fund's strategy.

Other companies that the Harbert Fund Advisors, Inc. bought shares in include STRM, INFU, QUMU, and DIBS. STRM saw an increase of 57.5% in shares held, while INFU increased by 88.7%, QUMU increased by 46.6%, and DIBS increased by 25%.

On the other hand, the company sold shares in ENZ, INVE, ATVI, and GBLI. ENZ saw the most significant decrease in value, dropping from $11542 to $7401, which is a percentage change of -35.9%. INVE and ATVI had a decrease of over 40%, while GBLI experienced a 100% decrease in shares held, indicating that the company completely left its position in GBLI.

It's also worth noting that some new positions were established in call or put options for YETI, EWG, MSOS, and IWM. These options give the fund the right to buy or sell shares at a predetermined price in the future.

In conclusion, the Harbert Fund Advisors, Inc. made significant changes in its holdings during the third and fourth quarter of 2022. While it's difficult to say the exact reason behind these moves, it's clear that the company is trying to reposition its portfolio. As always, it's essential to keep a close eye on the fund's future moves to understand their investment strategy better.