Crescent Park Management's 13F Holdings Changes in Q3 2022 and Q4 2022

Crescent Park Management, L.P. is a well-known hedge fund and investment management company that focuses on generating risk-adjusted returns. They recently filed their 13F holdings report for Q3 2022 and Q4 2022, revealing their changes in holdings for the said period. In this article, we'll explore the top holdings of Crescent Park Management and compare their Q3 2022 and Q4 2022 positions.

Starting with the top holdings, Crescent Park Management holds 397,479 shares of Intercontinental Exchange Inc. (ICE), a global operator of financial and commodity markets, including the New York Stock Exchange. Compared to Q3 2022, the fund sold approximately 29,711 shares and reduced its position by 5.1%, resulting in 367,768 shares worth $37,729.

Next is Broadcom Inc. (AVGO), a leading supplier of semiconductor solutions for wired and wireless communications. The fund holds 66,472 shares of AVGO, and compared to Q3 2022, it sold approximately 4,906 shares, resulting in 61,566 shares worth $34,423. However, in terms of value, Crescent Park Management increased its position by 16.6%.

The third-largest holding of the fund is Liberty Media Corporation (LSXMK), a mass media company that owns interests in various subsidiaries like Sirius XM Holdings and Formula One. The fund holds 863,509 shares of LSXMK, and compared to Q3 2022, it sold approximately 61,381 shares, resulting in 802,128 shares worth $31,387. However, in terms of value, Crescent Park Management decreased its position by 3.6%.

Another notable holding is Godaddy Inc. (GDDY), a company that provides website domain registration and web hosting services. Crescent Park Management holds 496,927 shares of GDDY and sold approximately 103,959 shares compared to Q3 2022, resulting in 392,968 shares worth $29,401. The fund decreased its position by 16.5% in terms of value.

Moving forward, Crescent Park Management's Q3 2022 and Q4 2022 holdings summary report shows a mixed trend of selling and buying for the other holdings in their portfolio. The fund sold 24.4% and 18.8% of its shares in Black Knight Inc. (BKI) and Microsoft Corp. (MSFT), respectively. In comparison, it increased its position by 18.1% in Apollo Global Management Inc. (APO), a global investment management company.

Furthermore, the fund sold its entire position of Marvell Technology Groups Ltd. (MRVL), advanced Micro Devices Inc. (AMD), and Verra Mobility Corp. (VRRM) in Q3 2022 and did not hold any shares in Q4 2022. Also, the fund newly acquired Integral Acquisition Corp. 1 and held 564,980 shares worth $5,714 in Q3 2022 and Q4 2022.

In conclusion, Crescent Park Management's Q3 2022 and Q4 2022 holdings changes showed some significant selling and buying trends. Some notable selling included Black Knight Inc. and Marvell Technology Group Ltd., while buying included Apollo Global Management Inc. and Integral Acquisition Corp. 1. Despite the changes, Crescent Park Management continued to hold significant positions in its top holdings, including Intercontinental Exchange Inc., Broadcom Inc., and Liberty Media Corporation.