Best Performing Stocks of Q4 2022: Insights into Coastal Bridge Advisors, LLC’s Holdings

Coastal Bridge Advisors, LLC is a U.S.-based investment advisory firm that offers wealth management solutions for high-net-worth individuals, institutions, and family offices. The firm manages over $6.7 billion in assets and oversees a diverse portfolio that includes equities, fixed-income securities, and alternative investments. In this blog post, we will analyze the Q3 2022 vs. Q4 2022 13F holdings comparison for Coastal Bridge Advisors, LLC to gain insights into the firm's investment strategy and identify the best-performing stocks of the quarter.

Before delving into the details of Coastal Bridge Advisors, LLC's holdings, it's important to have a basic understanding of what a 13F filing is. A 13F filing is a quarterly report that must be submitted by institutional investment managers with over $100 million assets under management, disclosing their holdings of publicly-traded securities. The report includes details about the issuer's name, option type, the number of shares held, and their corresponding value.

In Q4 2022, we can see that Coastal Bridge Advisors, LLC increased its holdings in Blackstone Strategic Credit (BGB) by 2.5%, holding 3,981,001 shares worth $42,171,000. Target Hospitality Corp (TH) was the second-highest holding, with 2,538,750 shares worth $38,436,000. Despite a decrease in holdings in Legalzoom.com Inc (LZ), the company remained in the top three holdings with 2,603,979 shares worth $20,154,000.

The most significant increase in holdings was for J.P. Morgan Exchange Traded Fund (JEPI) with an impressive 47.8% gain to 334,966 shares worth $18,252,000. Similarly, the firm increased its holdings in Chevront Corp New (CVX) by 46% to 7,491 shares worth $1,344,000. The quarter also saw a strong increase in holdings in Ares Management Corporation (ARES) with an increase in holdings by 5.8% to 57,806 shares worth $3,956,000.

On the other hand, Lion's Gate Entertainment Corp Class B (LGF-B) saw a significant decrease in holdings, dropping by 19.5% to 3,139,483 shares worth $17,047,000. Legalzoom.com Inc (LZ) also suffered a dip with a 9.8% decrease in holdings, holding 2,603,979 shares worth $20,154,000. Interestingly, as per the company's filing, Golub Capital BDC Inc (GBDC) had no holdings in Q3 2022, but in Q4 2022, the firm held 436,784 shares worth $5,748,000.

Among all the holdings, Target Hospitality Corp (THWWW) saw the most significant drop in holdings by 69.3%, holding only 866,666 shares worth $5,009,000.

When it comes to the sectors, the financial sector was the most heavily invested, accounting for 28% of Coastal Bridge Advisors, LLC's portfolio, followed by the healthcare sector at 23%. The Consumer Discretionary sector ranked third with 10%, while Energy and Information Technology sectors accounted for 6% each.

In conclusion, Coastal Bridge Advisors, LLC's holdings in Q4 2022 showcase a diverse portfolio that balances its holdings in various sectors. While some companies increased their holdings, others saw a decline. However, it is essential to analyze the quarterly filings in detail to ascertain the performance of individual holdings. This information can be used for future investment decisions and generate insights for the firm's strategy.