Portfolio Changes: A Look at Brahman Capital Corp.'s Q3-Q4 2022 13F Holdings Comparison

Investors often look to 13F filings to get a sneak peek into the portfolios of successful fund managers. In this blog post, we'll examine Brahman Capital Corp.'s Q3-Q4 2022 holdings for some inspiration. Specifically, we'll be examining the fund's holdings of 15 individual stocks in the last quarter of 2022 compared to Q3. Let's dive in!

Dollar Tree Inc. Takes the Cake

The biggest change in the portfolio belonged to Dollar Tree Inc. The fund increased its holdings in the company by 58.8%, from 61177 to 97131 shares. Investors in Dollar Tree have seen some good times in recent years, with the company beating earnings estimates and performing well throughout the pandemic era. It's interesting to see that Brahman Capital Corp. has taken advantage of this positive momentum and is bullish on the stock.

The Winners and Losers

Apart from Dollar Tree, Brahman Capital Corp. also saw significant gains in holdings for ARAMARK, Clarivate PLC, and Vertiv Holdings Co. ARAMARK's shares went up by 33.6%, Clarivate by 135.6%, and Vertiv by 43.4%. It's been a similar story for ARAMARK and Vertiv, with both companies standing out positively in their respective sectors. Clarivate too, had a pretty good year. The drastic increase in the number of shares held suggests that the fund has high conviction in these companies' performance in the upcoming quarters.

On the losing end, there were some pretty huge changes in holdings for Harley-Davidson, Mattel Inc., and Warner Bros Discovery Inc. Harley-Davidson lost 44% of its shares compared to Q3, while Mattel lost a whopping 53% of its shares. The significant reduction in the number of shares from these companies is worth noting. According to recent reports, Mattel has been facing headwinds recently, having to adjust its supply chain to deal with pandemic-related production delays. It's not difficult to see why Brahman Capital Corp. has decided to reduce its holdings in Mattel.

The same can be said for Warner Bros Discovery Inc., which dropped in value by 16.3%. Again, this may be due to the pandemic that forced many entertainment-oriented companies to change their business practices entirely. We'll have to wait and see how Warner Bros fares in the coming quarters.

Conclusion

In conclusion, the above changes in Brahman Capital Corp.'s 13F holdings paint an interesting picture. It is clear that the fund has been active in reshaping its portfolio, with clear winners and losers. The significant increase in holdings in ARAMARK, Clarivate, and Vertiv shows that the firm is confident in the potential of these companies, while the significant reduction in holdings in Mattel and Harley-Davidson suggests that they have concerns about the future performance of these companies. This data offers valuable insights on how well the fund performs its due diligence in its investments. Overall, it will be interesting to see how these changes play out in the future.