Proxima Capital Management, LLC Q2 2020 vs. Q3 2020 13F Holdings: Which Companies Did They Invest In?

Proxima Capital Management, LLC is a private investment firm that specializes in value-oriented investments. The company recently filed their Q2 2020 and Q3 2020 13F holdings, which revealed interesting changes in their investment portfolio.

One of the companies that Proxima Capital Management invested in during both quarters was Trinseo S A. Proxima Capital Management held 109,000 shares in the chemical company, which remained unchanged between Q2 2020 and Q3 2020. The value of Trinseo S A's shares in Proxima's portfolio increased by 15.7%, from $2.4 million to $2.8 million.

Another company on Proxima's investing radar was Capri Holdings Limited. Proxima increased their holdings in Capri Holdings from 84,000 shares in Q2 2020 to 130,000 shares in Q3 2020. This represents a significant increase of 78.2% in the value of Capri Holdings' shares in Proxima's portfolio, from $1.3 million to $2.3 million.

Olin Corp is another company that Proxima Capital Management invested in during both quarters, increasing their holdings from 150,000 shares in Q2 2020 to 172,000 shares in Q3 2020. The value of Olin Corp's shares in Proxima's portfolio increased by 23.5%, from $1.7 million to $2.1 million.

Proxima Capital Management also increased their holdings in Marathon Pete Corp from 25,000 shares in Q2 2020 to 48,000 shares in Q3 2020, representing a 50.6% increase in the value of Marathon Pete's shares in their portfolio.

On the other hand, Proxima Capital Management decreased their holdings in Parsley Energy Inc from 85,000 shares in Q2 2020 to 85,000 shares in Q3 2020. The value of Parsley Energy's shares in their portfolio decreased by 12.3%, from $0.9 million to $0.8 million.

Resideo Technologies Inc was another company that Proxima Capital Management reduced their holdings in, selling 146,000 shares in Q3 2020. This represented a massive 79.4% decrease in the value of Resideo Technologies' shares in their portfolio, from $2.2 million to $0.5 million.

Proxima Capital Management also sold their holdings in Klx Energy Servics Holdngs I in Q3 2020, holding 92,000 shares worth $0.4 million.

Navistar Intl Corp New and Mr Cooper Group Inc were two other companies in which Proxima Capital Management sold their entire holdings in Q3 2020, holding 15,000 shares worth $0.4 million and 20,000 shares worth $0.2 million, respectively.

The Q2 2020 vs. Q3 2020 13F holdings comparison of Proxima Capital Management, LLC shows that they prefer to invest in companies that have solid financial performances and growth potentials. While they increase their holdings in some companies, they also decrease or sell their holdings in others, depending on their investment strategies.