Comparing Cartica Management's 13F Holdings in Q3 2022 to Q4 2022: Analyzing the Shifts in Investment Trends

Cartica Management, LLC, an investment management firm with a focus on emerging markets, recently reported a decrease in its holdings of shares for several companies as per its 13F filings for Q4 2022 compared to the previous quarter. In this blog post, we will examine the shifts in investment trends of Cartica Management's holdings and explore the potential reasons for these changes.

One of the companies that saw a significant decline in Cartica Management's shares is Mercadolibre Inc (MELI), a prominent e-commerce and payments platform in Latin America. While Cartica held 31,012 shares of the company in Q3 2022, this number declined sharply to 23,982 in Q4 2022. This is a 20.9% decrease in holdings, with a corresponding decline in the value of shares.

Similarly, the investment management firm divested from XP Inc (XP), a Brazilian financial services company, as its holdings of the company's shares decreased from 1,457,504 in Q3 to 1,307,504 in Q4 2022. This represents a decline of 27.6% in holdings, and consequently, a decrease in the value of shares.

However, it's not all doom and gloom for Cartica Management's 13F holdings. The company increased its holdings in several companies, including Alibaba Group Holding Ltd (BABA), a Chinese multinational conglomerate, that saw a rise in shares from 146,000 in Q3 to 178,300 in Q4 2022. This 34.5% increase in holdings translated to an increase in the value of Alibaba's shares held by Cartica.

Another company that saw a significant increase in holdings by Cartica is Bancolombia S.A. (BXK.F), a Colombian financial institution. The investment management firm held 399,500 shares of the company in Q3 and retained the same amount in Q4 2022. However, there was an increase in the value of shares from $9,736 to $11,401 due to a rise in share prices.

Cartica also retained its position in Taiwan Semiconductor Mfg Ltd (TSM), a leading producer of semiconductors that are widely used in electronic devices worldwide. The company's holdings of TSM's shares remained steady at 102,000 shares in both Q3 and Q4 2022. However, there was a slight increase in the value of shares held from $6,993 to $7,597, representing an increase of 8.7%.

In summary, Cartica Management's 13F holdings in Q4 2022 show a mixed bag of investment trends. While the investment management firm divested from some prominent companies, it also increased its holdings in others. The shifts in investment trends could be due to a variety of factors like market volatility, global economic conditions, and the performance of the companies. Nevertheless, it would be interesting to see how these shifts will impact the company's future investment decisions.