Investing with Springhouse Capital Management: Q3 2022 vs. Q4 2022 13F Holdings Comparison

When it comes to investing, carefully analyzing and tracking changes to a fund's holdings can have a huge impact on investment decisions. Springhouse Capital Management, LP is one of many hedge funds that has undergone changes in holdings in the third and fourth quarters of 2022. In this blog post, we'll take a closer look at the changes to Springhouse's holdings as reflected in their 13F filings.

First, it's important to understand what 13F filings are. A 13F filing is a regulatory document that must be submitted to the Securities and Exchange Commission (SEC) by institutional investors who manage more than $100 million in assets. These documents outline the institutional investor's holdings at the end of each quarter, including the number of shares held and the approximate value of those shares.

Now let's dive into Springhouse's Q3 2022 vs. Q4 2022 13F holdings comparison.

One major change that stands out is the increase in holdings for Citigroup Inc. (C) from 174,297 shares in Q3 to 209,297 shares in Q4. This represents a 30.3% increase in shares held and an increase in value from $7,263,000 to $9,466,000.

On the other hand, Global Indemnity Group LLC (GBLI) decreased from 494,514 shares to 241,871 shares. This represents a 48.3% decrease in shares held and a decrease in value from $10,914,000 to $5,638,000.

It's also worth noting the drastic decrease in holdings for Alphabet Inc. (GOOGL). In Q3, Springhouse held 110,200 shares, which decreased to only 41,200 shares in Q4. This represents a 62.1% decrease in shares held, and a decrease in value from $10,541,000 to $3,635,000.

While some changes were minimal, others were significant. For example, Ehealth Inc. (EHTH) saw an increase in shares held from 86,709 in Q3 to 169,569 in Q4, a 142.1% increase. Similarly, Wayfair Inc. saw an increase in shares held from 500,000 in Q3 to 1,250,000 in Q4, a whopping 150% increase.

It's worth noting that there were some holdings that remained constant from Q3 to Q4, such as Northern Star Investment Corp (NSTB). The fund held 317,519 shares in both quarters, with only a 1.5% increase in value from $3,134,000 to $3,181,000.

In conclusion, understanding and analyzing changes in holdings for institutional investors like Springhouse Capital Management can be a useful tool for making investment decisions. While some changes in holdings may seem drastic, it's important to consider the reasons behind those changes before making any decisions.