Investment Insights: Examining Shellback Capital's Q3 vs. Q4 2022 13F Holdings

Shellback Capital, LP, a Delaware-based hedge fund, recently disclosed its Q3 and Q4 2022 13F holdings with the SEC. The 13F filings provide an essential insight into the fund's holdings, showing the public what positions it has taken in publicly traded companies. In this article, we'll explore the key changes in Shellback Capital's holdings from Q3 to Q4 2022.

First, let's take a closer look at the fund's Q3 2022 positions. Shellback Capital held 48 stocks in its portfolio with a total market value of $352 million. In Q4 2022, the fund reduced its holdings to 44 stocks, with a total market value of $336 million.

Next, let's examine the top 10 holdings of Shellback Capital in Q3 and Q4 of 2022:

Q3 2022 - Top 10 Holdings:

1. ENS - Enersys

2. URI - United Rentals, Inc.

3. CPA - Copa Holdings SA

4. BYD - Boyd Gaming Corp.

5. ASO - Academy Sports and Outdoors

6. CPRI - Capri Holdings Limited

7. HLT - Hilton Worldwide Holdings Inc.

8. BC - Brunswick Corporation

9. GPI - Group 1 Automotive Inc.

10. CROX - Crocs, Inc.

Q4 2022 - Top 10 Holdings:

1. ENS - Enersys

2. CPA - Copa Holdings SA

3. URI - United Rentals, Inc.

4. ASO - Academy Sports and Outdoors

5. HLT - Hilton Worldwide Holdings Inc.

6. BC - Brunswick Corporation

7. GPI - Group 1 Automotive Inc.

8. CROX - Crocs, Inc.

9. TJX - TJX Companies Inc.

10. MBUU - Malibu Boats Inc.

One notable change in the top 10 holdings is the swap between United Rentals, Inc. (URI) and Copa Holdings SA (CPA). Shellback Capital reduced its holdings in URI and increased its position in CPA.

Another significant change is in Academy Sports and Outdoors (ASO). Shellback Capital reduced its position in ASO from 729,000 shares in Q3 2022 to 428,096 shares in Q4 2022, a decrease of 26.9%.

Furthermore, in Q4 2022, Shellback Capital added some new positions, including 700,000 shares of Chubb Limited (CB) and 40,000 shares of Boeing Co. (BA).

On the other hand, the fund sold off some of its positions, including its entire holdings in Thermo Fisher Scientific Inc. (TMO) and Fabrinet (FN). The fund had 55,000 shares of TMO in Q3 2022, with a market value of $27.8 million, and 312,093 shares of FN, with a market value of $29.8 million.

In conclusion, Shellback Capital made some significant changes in its portfolio holdings in Q4 2022 compared to Q3 2022. The fund reduced its total number of holdings, swapped positions in some of its top holdings, and made some new additions to its portfolio. Investors can use this information to inform their investment decisions or to follow the fund's trades closely to gain insights into its investment strategy.