Old Bellows Partners LP Q2 2018 vs. Q3 2018 13F Holdings Comparison: A Dive into the Fund's Recent Changes

Investing is a constantly evolving landscape, and any savvy investor knows that keeping track of their holdings is crucial to maintaining a successful portfolio. For Old Bellows Partners LP, this was no exception. In this article, we'll take a closer look at the fund's recent 13F holdings comparison between Q2 2018 and Q3 2018, exploring the changes and what they might mean.

ULTRA PETROLEUM CORP: A Downturn in Shares and Value

In Q2 2018, Old Bellows held 8,817,592 shares of Ultra Petroleum Corp (UPLC) with a value of $20,369,000. However, the following quarter saw a substantial downturn in the company's position, with Old Bellows holding only 7,425,585 shares at a value of $8,317,000 - a decrease of 59.2%. This is a significant change, and could indicate a loss of faith in UPLC's performance.

WMIH CORP: A Drop in Shares but Increase in Value

While the number of shares held in WMIH Corp (COOP) dropped from 801,133 in Q2 2018 to 501,133 in Q3 2018, the value increased from $1,074,000 to $697,000 - a difference of -35.1%. This suggests that Old Bellows sees potential for the company's growth and is willing to hold on to a smaller number of shares.

WILLSCOT CORP: No Shares Held in Q3 2018

Old Bellows held 20,000 shares of Willscot Corp (WSC) in Q2 2018, with a value of $296,000. However, in Q3 2018, Old Bellows had no shares of WSC, suggesting the fund is no longer interested in investing in the company.

DHT HOLDINGS INC: No Shares Held in Q3 2018

Similarly, Old Bellows held 50,000 shares of DHT Holdings Inc (DHT) in Q2 2018, with a value of $235,000. But in Q3 2018, the fund had no shares of DHT, indicating a lack of confidence in the company's potential growth.

What Do These Changes Mean?

Overall, Old Bellows Partners LP's 13F holdings comparison between Q2 2018 and Q3 2018 shows a shift in the fund's investment strategy. While the decrease in shares and value for UPLC suggest a loss of faith in the company's potential growth, the increase in value for COOP and divesture of shares in WSC and DHT point towards alternate avenues for investment.

It's always important for investors to keep a keen eye on their holdings and make necessary adjustments to help ensure their success. In this case, it seems Old Bellows Partners LP is doing just that.