Investing in Gold, Tech, and Energy: Maple Rock Capital Partners' Q3 vs. Q4 Holdings

Maple Rock Capital Partners, Inc., a hedge fund with over $5 billion in assets under management, recently filed its 13F for the third and fourth quarters of 2022. A 13F filing is a quarterly report required by the SEC that lists all the fund's long positions in publicly traded securities. This report provides insights into the fund's investment strategy and can be used by investors to identify potential investment opportunities. In this article, we will compare Maple Rock Capital Partners' Q3 2022 holdings to its Q4 2022 holdings and provide insights into the fund's investment decisions.

Gold: SPDR Gold Trust (GLD)

In Q3 2022, Maple Rock Capital Partners didn't have any holdings in the SPDR Gold Trust (GLD), but in Q4 2022, the fund acquired 3.5 million shares with a value of $593.7 million. This move shows that the fund is bullish on gold and believes that the precious metal will continue to appreciate in value.

Technology: Weibo Corp (WB), Alibaba Group Holding Ltd (BABA), and Snap Inc (SNAP)

In Q3 2022, Maple Rock Capital Partners had 1.5 million call options on Weibo Corp (WB). Still, the fund didn't have any holdings in Alibaba Group Holding Ltd (BABA) or Snap Inc (SNAP). In Q4 2022, the fund acquired 1 million shares of Weibo Corp (WB) with a value of $30,177 and 345,000 shares of Alibaba Group Holding Ltd (BABA) with a value of $27,597. Maple Rock Capital Partners also purchased 1 million call options on Snap Inc (SNAP) with a value of $8,950. These moves suggest that the fund is optimistic about the prospects of the technology sector.

Energy: Kosmos Energy Ltd (KOS), Sundor Energy Inc New (SU.TO), and Cheniere Energy Inc (LNG)

In Q3 2022, Maple Rock Capital Partners held 11,633,739 shares of Kosmos Energy Ltd (KOS), but in Q4 2022, the fund reduced its holdings to 11,035,739 shares. The fund also didn't have any holdings in Sundor Energy Inc New (SU.TO) in Q3 2022, but in Q4 2022, the fund acquired 1,841,400 shares with a value of $58,428. Maple Rock Capital Partners also had 500,000 put options on Cheniere Energy Inc (LNG) in Q3 2022, but in Q4 2022, the fund got rid of all of its holdings in the company. These moves suggest that the fund is selective in its energy investments and that it has a preference for companies that have strong fundamentals and growth potential.

Other Holdings

In Q3 2022, Maple Rock Capital Partners had put options on several companies, including Caterpillar Inc (CAT), Deere & Company (DE), and Arch Resources Inc (ARCH). In Q4 2022, the fund got rid of all its put options and acquired 4,077,399 shares of Arch Resources Inc (ARCH) with a value of $46,797.

The fund also had holdings in several other companies, including Harley Davidson Inc (HOG), which saw the fund's holdings increase from 611,000 shares in Q3 2022 to 994,500 shares in Q4 2022, and Las Vegas Sands Corp (LVS), which saw the fund's holdings increase from 0 shares in Q3 2022 to 573,000 shares in Q4 2022.

Conclusion

In conclusion, Maple Rock Capital Partners' Q3 vs. Q4 holdings show that the fund is bullish on gold, optimistic about the tech sector's prospects, and selective in its energy investments. The fund's investment decisions are likely based on rigorous analysis and a long-term investment strategy. Investors can use this information to identify potential investment opportunities and to evaluate the fund's performance. However, it's essential to note that while 13F filings are a valuable source of information, they only provide a snapshot of the fund's holdings at a particular point in time and may not reflect the fund's current investment strategy.