Analyzing SpiderRock Advisors' Q4 2022 vs. Q1 2023 13F Holdings Comparison

SpiderRock Advisors, LLC is a registered investment advisory firm that specializes in options trading for institutional and individual investors. In their most recent 13F filing, there were significant changes in their holdings from Q4 2022 to Q1 2023. In this blog post, we'll take a closer look at the changes and what they may mean for SpiderRock Advisors and their investors.

First, let's take a brief moment to explain what a 13F filing is. As required by the Securities and Exchange Commission (SEC), all institutional investment managers who manage more than $100 million in qualifying assets must file a 13F report quarterly. This report details the fund's holdings at the end of the quarter, including the security name, ticker symbol, option type, number of shares held, value of shares held, and the percentage change between quarters.

Now, let's dive into the changes. One of the most noteworthy changes was in their holdings of CBOE S&P 500 INDEX puts, which decreased by 4,600 shares or 5.2%, resulting in only 85,100 shares held in Q1 2023. This change amounted to a 99.9% decrease in value, from $341,991 in Q4 2022 to just $330 in Q1 2023.

Another significant change was in SpiderRock Advisors' holdings of securities in the SSgA Active Trust. The fund increased their holdings of SSgA Active Trust puts by 3,600 shares or 3.6%, resulting in 101,400 shares held in Q1 2023. However, they decreased their holdings of SSgA Active Trust calls by 1,800 shares or 0.67%, resulting in 266,000 shares held in Q1 2023. These changes amounted to 99.9% decreases in value, from $224,057 to $233 for puts and from $116,194 to $115 for calls.

In addition to these changes, there were several other noteworthy adjustments to SpiderRock Advisors' holdings, including:

- Increasing their holdings of Apple Inc puts by 7,400 shares or 1.63%, resulting in 461,300 shares held in Q1 2023.

- Decreasing their holdings of Boyd Gaming Corp puts by 10,900 shares or 2.18%, resulting in 489,100 shares held in Q1 2023.

- Maintaining their holdings of BlackRock Institutio puts at 278,800 shares for both Q4 2022 and Q1 2023.

- Increasing their holdings of Unity Software Inc calls by 20,500 shares or 26.62%, resulting in 97,500 shares held in Q1 2023.

It's worth noting that while these changes were significant, they only represent a portion of SpiderRock Advisors' overall holdings. It's also important to keep in mind that 13F filings are only required to be filed quarterly, so the information presented in this report is not necessarily indicative of their current holdings.

In conclusion, SpiderRock Advisors' Q4 2022 vs. Q1 2023 13F holdings comparison revealed several noteworthy changes in their holdings. While it's impossible to say what these changes may mean for the fund and its investors, they provide a valuable snapshot into the fund's investments and trading strategies. As always, it's important to do your own research and consult with a financial advisor before making any investment decisions.