Analyzing AWM Investment Company's Holdings: Q3 and Q4 2022 Changes in Position Sizes and Values

The AWM Investment Company, Inc. is a hedge fund that invests in a variety of assets, including equities, fixed income, and alternative investments. Their portfolio is managed by a team of experienced professionals who use a variety of quantitative and qualitative techniques to build and manage their positions. In this post, we will analyze the changes in the fund's holdings in the third and fourth quarters of 2022.

The data provided in the CSV file shows the changes in the number of shares held by the fund and the value of those holdings. The Chg % column indicates the percentage change in the value of the holdings between the two periods.

One of the most significant changes in the fund's holdings was a decrease in the number of shares of Destination XL Group, Inc. (DXLG) from 9.87 million in Q3 2022 to 9.59 million in Q4 2022, a decrease of 2.2%. However, the value of these holdings increased from $53.5 million to $64.7 million, a substantial increase of 21%.

The fund also reduced its holdings of TravelCenters of America LLC (TA) from 705,307 shares to 655,307 shares, a decrease of 7.1%. This resulted in a significant decline in the value of these holdings from $38.0 million to $29.3 million, a decrease of 22.9%.

In contrast to these decreases, the fund significantly increased its holdings of ADMA Biologics, Inc. (ADMA) from 5.01 million shares to 6.01 million shares, an increase of 20%. This resulted in a substantial increase in the value of these holdings from $12.2 million to $23.3 million, an increase of 91.5%.

Another company in which the fund increased its holdings was Genasys, Inc. (GNSS). The fund held 4.35 million shares in Q3 2022, and this increased to 4.35 million shares in Q4 2022. This resulted in an increase in the value of these holdings from $12.0 million to $16.1 million, a substantial increase of 33.6%.

One of the most significant changes in the CSV data is related to Viemed Healthcare, Inc. (VMD.TO). The fund held 854,875 shares in both Q3 and Q4 2022, resulting in no change in the number of shares held. However, the value of these holdings increased from $5.1 million to $6.5 million, an increase of 26.3%. Moreover, the fund also acquired an additional 1.07 million shares of VMD.TO in Q4 2022, resulting in a total of 1.21 million shares with a value of $6.5 million.

Another company in which the fund acquired a substantial number of shares was Apollo Endosurgery, Inc. (APEN). The fund held 830,097 shares of APEN in Q3 2022, and this increased to 786,809 shares in Q4 2022. This resulted in a significant increase in the value of these holdings from $4.57 million to $7.84 million, an increase of 71.5%.

On the other hand, the fund significantly reduced its holdings of LivePerson, Inc. (LPSN) from 1.03 million shares to 885,577 shares, a decrease of 14%. This resulted in a decline in the value of these holdings from $9.72 million to $8.98 million, a decrease of 7.6%.

Additionally, the fund also reduced its holdings of PowerFleet, Inc. (PWFL) from 1.58 million shares to 1.58 million shares, a decrease of 0.02%. However, the value of these holdings decreased from $4.87 million to $4.25 million, a decrease of 12.7%.

In summary, the AWM Investment Company, Inc.'s holdings changed significantly between Q3 and Q4 2022. The fund increased its holdings in some companies, such as ADMA Biologics, Inc., Genasys, Inc., and Viemed Healthcare, Inc. However, it reduced its positions in some other companies such as LivePerson, Inc. and PowerFleet, Inc. It is worth noting that these changes in holdings can be attributed to various factors, including market conditions, company performance, and the fund's investment strategy.