Analyzing Diametric Capital, LP Q3 2022 vs. Q4 2022 13F Holdings: Changes and Trends

Investment companies are always on the hunt for opportunities to gain maximum profit from their holdings. Diametric Capital, LP is no different. The fund has been active in the market for quite some time, and it recently released its Q3 2022 vs. Q4 2022 13F holdings report. This report shows the changes in the holdings of the company in the mentioned period.

This blog will analyze and decode the Diametric Capital, LP Q3 2022 vs. Q4 2022 13F holdings report. We'll look at the changes in the fund's holdings, trends in different sectors, and highlight the reasons behind these changes.

Main Body

Diametric Capital, LP Q3 2022 vs. Q4 2022 13F Holdings Comparison

The table shows a comparison of the fund's holdings in Q3 2022 vs. Q4 2022.

The data suggests a significant increase in the fund's total value from $53,136,000 to $72,470,000. The fund's holdings increased by 36.4% in the fourth quarter.

Boyd Gaming Corp (BYD)

The fund increased its holdings in Boyd Gaming Corp (BYD) by 8,776 shares or 7.3%, and by 22.8% in terms of value. Boyd Gaming has been performing consistently well, with revenues growing by 40% in the third quarter. The increase in the fund's holdings in BYD may be due to the company's prospects and growth opportunities.

International Game Technology (IGT)

The fund decreased its holdings in International Game Technology (IGT) by 45,014 shares or 14.2%, while the value of the shares increased by 23.2%. The company went through a merger with Bally's Corp, which resulted in the fund decreasing its holdings.

MGM Resorts International (MGM)

The fund increased its holdings in MGM Resorts International (MGM) by 22,873 shares or 15.6%, and by 31.1% in terms of value. MGM reported strong earnings, with revenue up 103% from the previous year. The increase in the fund's holdings in MGM could be due to the company's recent success.

Harrow Health Inc (HROW)

The fund increased its holdings in Harrow Health Inc (HROW) by 68,712 shares or 30.7%, and by a staggering 59.8% in terms of value. HROW's stock price has been rising continually since March 2020. Apart from this, the surge in the fund's holdings could also be due to HROW's plans to acquire pharmaceutical manufacturer, Eton Pharmaceuticals.

Semler Scientific Inc (SMLR)

The fund increased its holdings in Semler Scientific Inc (SMLR) by 28,235 shares or 33.5%, and by 17.3% in terms of value. SMLR has been performing well over the past few quarters, with revenue increasing by 81% in the third quarter of 2021. These factors could be the reason for the fund increasing its holdings in Semler.

Wynn Resorts Ltd (WYNN)

The fund added 42,312 shares of Wynn Resorts Ltd (WYNN) in the fourth quarter, taking the total shares held to 42,312. The fund had no holdings in WYNN in the previous quarter. In terms of value, the shares were worth $3,489,000. Wynn Resorts is a casino and resort operator and has been performing well amid the pandemic.

FTAI Aviation Ltd (FTAI)

The fund added 172,721 shares of FTAI Aviation Ltd (FTAI) in the fourth quarter, taking the total shares held to 172,721. The fund had no holdings in FTAI in the previous quarter. In terms of value, the shares were worth $2,956,000. FTAI is an aircraft leasing company that has been recovering from the pandemic's effects.

Activision Blizzard Inc (ATVI)

The fund decreased its holdings in Activision Blizzard Inc (ATVI) by 21,611 shares or 36.7%, and the value of the shares decreased by 34.8%. The company has been facing several controversies and lawsuits, which have affected its stock price.

The trends show that the fund increased its holdings in the casino and resort sector, with an emphasis on MGM and WYNN Resorts. The fund's holdings in pharmaceutical and medical device companies increased significantly, with HROW, SMLR, and Axonics Inc (AXNX) seeing a surge in their holdings.

Conclusion

As demonstrated in this blog post, the Diametric Capital, LP Q3 2022 vs. Q4 2022 13F holdings report gives us valuable insights into the fund's investment strategies in the mentioned period. The report shows that the fund has increased its holdings in companies that have been performing well, like MGM and HROW. The report also highlights the fund's decision to decrease its holdings in a company facing issues like Activision Blizzard Inc.

Investors can use this report to analyze trends in different sectors and companies, helping them make informed investment decisions. Although Diametric Capital, LP is a professional fund, examining its holdings is insightful for novice investors too. Understanding the company's investment strategies helps to anticipate market trends and to gain a more comprehensive understanding of the dynamic nature of the stock market.