Impala Asset Management LLC Q3 2022 vs. Q4 2022: A Look at Top Holdings Growth

Investment management firm Impala Asset Management LLC recently filed its 13F quarterly report with the Securities and Exchange Commission (SEC) and it reveals some interesting developments. In this report, we'll take a closer look at the changes in the firm's top holdings in Q4 2022 as compared to Q3 2022.

Harley Davidson Inc, one of the top holdings in Q3 2022, remained on the list in Q4. However, Impala increased its shares from 842,297 to 883,217 during the quarter, representing a 25.1% increase in value (from $29,379,000 to $36,741,000).

ERO Copper Corp was another top holding that saw a significant change in shares, dropping from 992,198 to 928,580. However, the value increased by 16.3% from $10,991,000 to $12,782,000.

Chesapeake Energy Corp, Cinemark Holdings, and DANAOS Corporation all remained on the top holdings list with increases in shares and value. ArcBest Corporation saw the largest increase in shares (~328%) and value (~312.3%) with Impala holding 30,000 shares in Q3 and 128,435 in Q4.

Notably, there were some additions to the top holdings list, with some stocks being newly acquired by Impala during Q4 2022. These include:

- Expedia Group Inc COM NEW: 80,000 shares (valued at $7,008,000)

- ConocoPhillips: 59,355 shares (valued at $7,003,000)

- Seaworld Entertainment Inc: 70,954 shares (valued at $3,796,000)

- Bank of America Corp: 100,000 shares (valued at $3,312,000)

On the other hand, several stocks were dropped from the list in Q4, including:

- Arch Resources Inc CL A: 58,000 shares (valued at $8,281,000)

- Cedar Fair L P Depository Unit: 151,564 shares (valued at $6,265,000)

- Brunswick Corp: 50,000 shares (valued at $3,273,000)

- Meritage Homes Corp: 50,000 shares (valued at $3,514,000)

Other top holdings experienced decreases in shares and value, notably S&P 500 Bull, which saw a -59.4% dip in value during Q4 2022.

Overall, Impala's Q4 2022 13F filings provide interesting insights into changes made in the firm's top holdings. It's worth noting that 13F filings are just a snapshot of a firm's holdings at a particular moment in time and don't necessarily indicate the firm's long-term investment strategy.