Analyzing Raging Capital Management's Q2 2021 vs. Q3 2021 13F Holdings

Raging Capital Management, LLC is a New Jersey-based hedge fund. As per the Securities and Exchange Commission's (SEC) regulations, all hedge funds that hold more than $100 million in assets must report their holdings to the SEC using the quarterly Form 13F. This report displays the fund's total value of holdings, the number of shares held, and the change in holdings from the previous quarter.

In this blog post, we will analyze the Q2 2021 vs. Q3 2021 13F holdings for Raging Capital Management LLC as reported to the SEC. Let's dive into the details of the report:

Report Overview

Raging Capital Management LLC, which had $1.29 billion in assets at the end of Q2 2021, had a total portfolio value of $1.25 billion at the end of Q3 2021. As per the 13F report, the fund had 31 holdings in Q2 2021, and this number increased to 35 holdings in Q3 2021.

Holdings Analysis

IMMERSION CORP

Raging Capital Management LLC maintained its position in IMMERSION CORP, holding 2,222,089 shares in both Q2 2021 and Q3 2021. However, there was a 22% decrease in the value of holdings, which went from $19,488,000 to $15,199,000.

IDW MEDIA HLDGS INC

In Q2 2021, Raging Capital Management LLC did not hold any shares of IDW MEDIA HLDGS INC. However, in Q3 2021, the fund acquired 1,063,156 shares, making this its most significant new buy. The value of the shares was $3,019,000.

CASTLIGHT HEALTH INC

Raging Capital Management LLC held 2,799,882 shares of CASTLIGHT HEALTH INC in Q2 2021, but those shares decreased to 1,000 in Q3 2021. The value of the shares also decreased from $7,364,000 to $2,000.

LIBERTY MEDIA CORP DEL

In Q2 2021, Raging Capital Management LLC held 318,660 shares of LIBERTY MEDIA CORP DEL. However, in Q3 2021, the fund sold all of the shares it held in the company, resulting in a 100% decrease in holdings and value from $14,843,000 to $0.

Conclusion

The above analysis shows that Raging Capital Management LLC made significant changes to its holdings in Q3 2021. The fund acquired new holdings in IDW MEDIA HLDGS INC and sold all of its holdings in LIBERTY MEDIA CORP DEL. It also decreased its holdings in CASTLIGHT HEALTH INC significantly. However, the fund maintained its position in IMMERSION CORP.

It is essential to note that these reports only consider a fraction of what hedge funds manage. However, they still provide valuable insights into the investment strategies and tactics of these funds.