Dalal Street, LLC Q3 to Q4 2022: Analyzing Changes in 13F Holdings

As the third quarter of 2022 came to a close, investors keenly awaited the filing of Form 13F by hedge funds and other institutional investment managers. This report discloses their portfolio holdings, giving an insight into their investment strategies and priorities. One such fund manager is Dalal Street, LLC, which recently released its Q3 to Q4 2022 13F filings. We have analyzed these filings to identify the key changes in holdings made by the fund during this period.

Micron Technology Inc – A Steady Growth

Dalal Street, LLC has been holding shares of Micron Technology Inc, a semiconductor and memory solution provider, since the fourth quarter of 2020. The fund has continued to hold this stock through the third and fourth quarters of 2022. While the growth rate has been modest at 1.8%, the increase in the number of shares held by the fund from 1,823,812 to 1,860,812 is a clear indication of the fund’s confidence in this company.

Brookfield Corp – A New Addition To The Portfolio

Dalal Street, LLC has recently added 712,319 shares of Brookfield Corp to its portfolio, which were not held in the third quarter of 2022. This stock now represents 1.3% of the fund's total portfolio. Brookfield Corp is a real estate investment company focused on commercial and residential properties.

Brookfield Asset Management Ltd – Another New Addition

Brookfield Asset Management Ltd is a leading global alternative asset manager with over $600 billion in assets under management. In the fourth quarter of 2022, Dalal Street, LLC acquired 178,077 shares of the stock, which is a new addition to its portfolio. Brookfield Asset Management Ltd now accounts for 0.4% of the fund's total holdings.

Seritage Growth Properties – A Minor Increase

Dalal Street, LLC has been holding shares of Seritage Growth Properties, a real estate investment trust focused on retail and mixed-use properties, since the second quarter of 2022. The fund has continued to hold this stock through the third and fourth quarters of 2022, with a minor increase in the number of shares held. The increase is from 3,375 shares in the third quarter to 3,375 shares in the fourth quarter, with a growth rate of 33.1%.

Brookfield Asset Management Inc – A Complete Sell-Off

In a surprising move, Dalal Street, LLC has sold off all its shares of Brookfield Asset Management Inc in the fourth quarter of 2022. The fund had been holding 180,303 shares of the company in the third quarter of 2022, with a value of $7,373,000. Nevertheless, the fund has decided to completely sell off the stock in the fourth quarter of 2022.

Conclusion

The Q3 to Q4 2022 13F filings by Dalal Street, LLC reveal some interesting changes in the fund's portfolio holdings. The fund's continued confidence in Micron Technology Inc. shows steady growth in the stock, while the addition of Brookfield Corp and Brookfield Asset Management Ltd to the portfolio reflects the fund's interest in real estate and alternative assets. In contrast, the complete sell-off of Brookfield Asset Management Inc is a surprising move, and the reason behind it remains unclear. Overall, these changes in holdings highlight the fund’s investment strategy and priorities, and we can expect more such changes as the fund continues to evolve its portfolio.