Stone Harbor's Q2 to Q3 13F Holdings Comparison: The Rise and Fall of Investment

Stone Harbor Investment Partners LP's Q2 2019 to Q3 2019 13F holdings comparison showed a significant shift in investment strategies. The comparison revealed some holdings appearing, while others disappeared. What could be the reason for the sudden change in investment? This article examines the data, trying to infer possible reasons for such moves.

Stone Harbor Investment Partners LP (Stone Harbor) is an investment management firm that manages hedge funds and fixed-income mutual funds. Stone Harbor's funds aim to deliver consistent risk-adjusted returns to their clients. In this article, we'll discuss Stone Harbor's Q2 to Q3 13F holdings comparison. The 13F is a quarterly report filed by institutional investment managers with the US SEC. It discloses their equity holdings, including options, convertible debt, and warrants.

The Q2 2019 to Q3 2019 13F holdings comparison for Stone Harbor Investment Partners LP primarily reveals an increase and decrease in shares, while some holdings become altogether nonexistent.

First, let's look at the issuers that have increased in shares. As per the data, EURONAV NV ANTWERPEN (EURN.BR) had 149 shares in Q2 2019, which decreased to 140 by Q3 2019. Amplify Energy Corp (AMPY) was non-existent in Q2 2019, but by Q3 had 78 shares.

The data show that Stone Harbor Investment Partners LP divested from Cumulus Media Inc (CMLS), with 17,402 shares sold in Q2 2019, and had no shares in Q3 2019. Halcon Res Corp (HAL), on the other hand, had an option type call with 59,888 shares in Q2 2019 and had no shares in Q3 2019.

The comparison data shows that Stone Harbor's top holding was Amplify Energy Corp, followed by Euronav NV Antwerpen. Halcon Res Corp and Cumulus Media Inc were non-existent in Q3 2019 holdings.

Stone Harbor's total Holdings in Q2 2019 had a value of $306,000, which decreased to just $1,000 in Q3 2019. That's a 100% decrease!

The data suggests that there were high increases that turned into high decreases for Stone Harbor Investment Partners LP. However, what could be the reason behind these moves?

It's speculative to say, but Holders may have utilized a different investment strategy to make high returns, which was then used to free up capital. For example, the proceeds could have been used for other investments or to pay off debts.

In conclusion, with data indicating Stone Harbor's shift in investment strategy, it's evident that the investment company is focusing on more profitable investments. That being said, it's essential to understand that investment decisions are complex in nature. While one may infer that Stone Harbor has divested from certain holdings, one should be careful to note that there could be several reasons for the sudden shift. Understanding such moves can provide insight into the investment strategies and decision-making processes of investment fund management firms.