Huber Capital Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investors always keep an eye on the holdings of top-rated funds. The third quarter of 2022 witnessed several changes in the holdings of Huber Capital Management LLC. The firm made notable additions, concentrated its holdings, and eliminated many holdings. In this post, we will take a deep dive into the Q3 2022 vs. Q4 2022 13F Holdings Comparison of Huber Capital Management LLC and provide insights into what caused these changes.

Firstly, the fund made notable additions to its holdings in several companies, including BP, T, and CMTL. The firm increased its share in BP by 22535, while its holding in T increased by over 56%, from 281296 to 367596. CMTL also witnessed a significant increase in shares. The firm's shares rose from 196573 to 299098, a gain of 84.5%. It suggests that the firm is bullish on the prospects of these companies.

On the other hand, the firm reduced its stake in several companies. The most significant decline was recorded in GLNG, a company which specializes in providing liquefied natural gas shipping services. The Port of Everett Commission accused the company of disturbing and damaging critical underwater habitats along the Port's shipping channel, which led to a steep decline in shares. The fund's shares in GLNG decreased by 16.5%. NFG also witnessed a decrease in shares by 23.1%.

Another notable feature of the fund's Q3 2022 vs. Q4 2022 13F holdings comparison is its decision to eliminate holdings in some companies. The most significant of these were XPER, EOG, CARR, and CHRD. The fund held no shares in XPER, indicating that the firm no longer believes in the prospects of this company. Elimination of EOG indicates that the fund sees limited growth potential in this oil and gas exploration company. The elimination of CARR and CHRD might be due to a lack of growth prospects and low returns.

The firm also concentrated its holdings by increasing its shares in specific companies while reducing its stakes in others. For instance, the firm's holdings in NFE rose from 70003 to 205875, representing a massive increase of 185.4%. At the same time, holdings in SHEL increased from 381095 to 388115, an increase of 16.6%.

Conclusion

In conclusion, the Q3 2022 vs. Q4 2022 13F Holdings Comparison of Huber Capital Management LLC indicates that the fund made notable changes in its holdings. The firm made significant additions to its shares in BP, T, and CMTL. It also reduced its holdings in GLNG and NFG and decided to eliminate holdings in XPER, EOG, CARR, and CHRD. The firm also concentrated its holdings by increasing its shares in specific companies while reducing its stakes in others. These changes indicate that the firm is bullish on some companies while reducing its exposure to companies with limited growth prospects.